Guest Post: For A Few Dollars More - Part 1

Tyler Durden's picture

Submitted by Jim Quinn of The Burning Platform

For A Few Dollars More - Part 1

Where life had no value, death, sometimes, had its price. That is why the bounty killers appeared. - For a Few Dollars More


“Tell me, isn’t a sheriff supposed to be courageous, loyal and, above all, honest?” - Man with No Name – For a Few Dollars More

Whenever I get an idea for an article I plan to keep it short and
sweet. But it never seems to work out that way. Once I start typing, the
articles tend to grow exponentially. It happened again with my attempt
to make sense of how the United States of America managed to screw our
finances up so badly, that an epic collapse is within view to people
with their eyes open to facts and the truth. You don’t end up in the
predicament we find ourselves in today due to a couple minor mistakes
over a short time frame. It took thousands of horrible choices, colossal
doses of delusion, a heaping of stupidity, and a mountain of denial
over decades to put us on the brink of economic collapse. An unholy
amalgamation of demographics, fiat currency, debt, taxes, power and
greed have led us to this point. Next we experience collapse, revolution
and ultimately, retribution.

Since I’ve identified four major rationales for our impending doom,
I’ve decided to write a four part series that can be read in small
doses, rather than one enormous article. I don’t want anyone to miss
tonight’s episode of Dancing With the Stars, get distracted from the
Royal Wedding preparations, or skip the best reality TV show ever – Ben
Bernanke’s press conference, while reading an 8,000 word article about
the end of America. The four part series will have a Clint Eastwood
theme. For a Few Dollars More will address the Baby Boomer impact on America’s decline. A Fistful of Dollars will examine how the creation of the Federal Reserve and the income tax in 1913 set us on a path to ruin. Outlaw Josey Wales will
scrutinize the looting of America by a small group of powerful,
connected, super rich men lurking in the shadows, but pulling the
strings on our puppet politicians. Lastly, Unforgiven  will detail the impending collapse of our economic system and the retribution that will be handed out to the guilty.     

Over the last few weeks there seems to be consensus among many
financial bloggers, whose credibility is far more trustworthy than the
corporate mainstream media, that the country is teetering on the verge
of economic collapse due to the complete capture of the government,
financial, regulatory, and media by a small group of oligarchs. They
have also been described as the super rich, plutarchs, ruling elite, and
scum sucking leeches. The bloggers that I have the utmost respect for,
including Jesse, Charles Hugh Smith, Mike Shedlock, Yves Smith and Gonzalo Lira have
all come to the logical conclusion the horrific economic situation of
the country is a direct result of the greed, corruption, fraud, and
plundering by a powerful connected group of rich financiers operating
without fear of being brought to justice by the authorities.

While pondering the ruminations of these dedicated truth tellers, I was reminded of the Clint Eastwood Spaghetti Western For a Few Dollars More.
The quotes above are representative of living in the USA today. There
are supposed to be courageous, loyal and honest sheriffs that protect
the citizens from crime, corruption and evil doers. But, just as we saw
in the Old West of Clint Eastwood movies, the sheriffs are always
corrupt and bought off by the evil cattle barons. In a world where life
has no value and you can’t rely on law enforcement to protect your
interests, the citizens eventually will need to turn to bounty hunters
to take care of the bad guys. The bounty hunters of truth reside on the
internet. They reside at Zero Hedge, Jesse’s Café Americain, Of Two Minds, Mish, Chris Martenson,
and dozens of other anarchist websites. When you can’t trust your
government, your bankers, your church, your media, or mega-corporate
CEOs, you need to seek the truth where it can be found. The insightful
bloggers who courageously print the truth on a daily basis have
unanimously concluded that a small band of powerful elite have
accumulated undue influence and control over this country, having
brought it to the verge of economic collapse. How did this happen? Who
is responsible? Why were they permitted to gain this power?

Boomers Come of Age

“If those in charge of our society – politicians, corporate
executives, and owners of press and television – can dominate our ideas,
they will be secure in their power. They will not need soldiers
patrolling the streets. We will control ourselves.” –
Howard Zinn

Whenever I direct any blame for our economic woes towards the Baby
Boom generation they react as expected. They blame the GI Generation for
creating the welfare state. They declare that Generation X and the
Millenials are just as greedy and self centered as the Boomers. Boomers
are great at blaming, ridiculing and acting pompously, while taking no
responsibility for their actions and more importantly their inaction.
This generation cannot avoid their responsibility for the state of
affairs. They like to take credit for their stand against the Vietnam
War and their protests against the man during the 1960s. They don’t like
to take credit for turning into materialistic, greedy, selfish,
short-term focused bastards. When a generation of 76 million people
decides to go in a particular direction, the country will go in that
direction. While blaming FDR and the GIs who stormed the beaches of
Normandy for creating the unfunded Social Security and Medicare
liabilities, the Boomers have been voting since the mid-1960s and have
been in control of corporate America and the levers of government since
the early 1980s.

The U.S. Congress is dominated by Baby Boomers today and has been
dominated by this generation since the 1990s. The Senate has 60 Boomers
out of 100, while the House of Representatives has 254 Boomers out of
435 members. Boomers occupied the White House from 1992 through 2008.
They have had the political power and control of the agenda for two
decades and have failed miserably. Rather than do what was best for the
country for the long-term, they took the expedient, easy, vote getting
route. Promise more than you could ever deliver and let future
generations worry about the consequences. Not one true noble statesman
has arisen from this generation of myopic, self centered “Me Generation”
political hacks. Even as the country nears the precipice, they continue
to address the great issues of the day with talking points supplied by
other Baby Boomer PR maggots from Park Avenue. These weasels care not
for the country, but worry only about poll numbers and the next election
cycle. An apathetic public, dominated by the Baby Boom generation, has
the attention span of a gnat. As long as they can make the lease payment
on their Escalade, use one of their 15 credit cards at the Mall, be
entertained by 600 cable TV stations, play with the latest iSomething,
live in their McMansion for two years without making a mortgage payment
and consume massive quantities of fast food, then any thoughts of future
generations or civic duty are unnecessary. Live for today has been the
rallying cry for the Boomer generation. Pot was their drug during the
1960s. Debt has been their drug since 1980.

The drug (debt) dealer for the Baby Boom generation has been the Wall
Street mega-banks, coincidentally, run by Boomers. The entire corrupt
financial industry is being run by Boomers. The CEOs, CFOs, and the
thousands of Harvard MBA VPs that created the fraudulent derivative
scheme to bilk billions from clueless municipalities, pension funds and
American taxpayers are all Boomers. It is no coincidence that the great
debt delusion began in the early 1980’s. Jim Kunstler captured the
essence of Boomer transformation:

“The Baby Boomers came back from the land, clipped their pony
tails, discovered venture capital, real estate investment trusts,
securitization of “consumer” debt, and the Hamptons. Greed was good.”

The Boomer CEO hall of scam has been built on the brilliance and
financial acumen of Lloyd (god’s work) Blankfein, Charlie (keep dancing)
Prince, Jamie (friend of Obama) Dimon, and the king of the Boomers,
Hank (the system is sound) Paulson. These mainstays of crony capitalism
led the Boomer charge of greed, greed and more greed. The Baby Boomer
generation has been the proverbial pig in a python working its way
through the decades as presented below. By 1985, Boomers had entered the
work force in full force with the entire generation between the ages of
25 and 42. It will be a great day when the python craps this pig of a
generation out the other end.


It is not a coincidence the National Debt growth has far outstripped
GDP growth since 1980. Boomers had been spoiled their whole lives and
felt they deserved the goodies today while passing the bill to future
generations. They voted for politicians who promised them more benefits,
more programs, more subsidies, more tax breaks, more military
adventures, and more pleasure. And this was “paid for” with more debt.
Thirty five years of government debt declining as a percentage of GDP
was reversed over the next thirty years starting in 1980, pushing it
past the 90% tipping point in the last year. The country is
over-indebted to the tune of $9 trillion on a current basis and $100
trillion on a long term accrual basis.


There is no better picture of Boomer decadence and myopia than an
historical view of the national savings rate. The parents of the Boomers
understood the meaning of sacrifice and investing in the future of the
country. During World War II they bought US War Bonds to support the
cause. From 1950 through 1985, the savings rate consistently ranged
between 7% and 12%. Americans had this odd notion that if you saved more
than you spent, you actually got ahead in life. Excess savings were
used to invest in new plants and equipment that were used to produce
goods and employ more Americans. By 1985, the Boomers considered these
notions as quaint and old fashioned. The savings rate methodically
declined until it went negative in 2006, just prior to the worldwide
financial conflagration. Our inspirational Boomer president George
(Mission Accomplished) Bush while waging two wars of choice, asked for
the ultimate sacrifice from the Boomers. He solemnly urged them to buy a
GM SUV with $0 down and 0% interest for 7 years, so we could defeat the
terrorists. The Boomers who ran GMAC were more than happy to make loans
to people with no income so they could “purchase” a $40,000
ostentatious gas guzzling hog. They were doing their patriotic duty for
the good of the nation. It brings a tear to my eye just thinking about


The Boomers not only heeded George’s call, but they did him proud by
buying 8,000 sq ft McMansions with $0 down and negative amortization
ARMs. Luckily, the executives at the mortgage origination sweatshops
were Boomers. They found no good reason to verify income or assets
before loaning someone $600,000, because they knew their fellow Boomers
at the rating agencies would rate the bundles of these toxic shit loans
as AAA so the Boomers on Wall Street could sell them to greater fools.
GMAC’s exemplary subprime mortgage arm – Ditech, did a bang up job
getting migrant Mexican workers into $450,000 homes in California’s
inland empire. As the tsunami of bad debt swept toward shore, delusional
Boomers across the land borrowed $500 billion against the inflated
value of their McMansions and installed granite counter tops, stainless
steel appliances, home theatres, elegant patios, Olympic sized pools,
and with the excess home equity, leased a BMW or two. The first
devastating tsunami wave hit in 2008 and wiped out billions in faux
Boomer wealth. Instead of learning a brutal lesson and reverting back to
saving and frugality, the “never say sacrifice” Boomers ventured out to
where the waves had subsided looking for more trinkets and treasures.

  Tsunami Warning by Mobile Phone

The next tsunami wave is on its way. The delusional Boomers will be surprised again.

The Boomer persona has been formed over the last five decades and the
country will deal with the consequences for decades to come. The clean
cut Beaver Cleaver children of the 1950s turned into the pot smoking
Dobie Gillis of the 1960’s, then into the slimy Gordon Gekkos of the
1980s and ultimately into the eternal wealth seeking Gollums of today.



This Boomer debt orgy over the last thirty years would have made
Caligula blush. Of course, none of this could have happened without the
Creature from Jekyll Island. I will address this aspect of our fate in Fistful of Dollars – Part Two.

Now for the righteous indignation from the Boomers that think I have
unfairly lumped them all together as one. Their reactions are
predictable. Even though they have had the means, the power and the time
to reverse the course of USS Titanic, they plowed full steam ahead into
the abyss. The GI Generation is dead. Generation X doesn’t hold the
reins of power. The Boomer generation needs to look in the mirror to
recognize who is to blame.  I’m sure there are a few good Boomers out
there somewhere, but as a generation they have failed this country and
our unborn generations miserably.

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Rodent Freikorps's picture

OT, but told ya so.

Texas refinery outages bring orders to stay inside

TEXAS CITY, Texas (AP) — Schools canceled classes and residents were urged to stay inside Tuesday after power outages shut down three Houston-area refineries, including BP unit where a 2005 explosion killed 15 people, and a Dow Chemical plant.

Emergency officials were working to determine what caused the Texas City outages, which a spokeswoman for Texas New Mexico Power company said involved a "customer-owned equipment problem."


That Peak Oil Guy's picture

The fundamental cause of our decline is overpopulation leading to overconsumption of vital resources and pollution poisoning our environment.

The rest is window dressing showing how humans respond to the true cause and end up making it even worse.

I'm not saying it's not fascinating and entertaining to speculate on (because it is) but the stuff talked about here is not the "cause" of our problems.


Dejean Splicer's picture

I've had enough of the peak population conspiracy theories.

What a bunch of rubbish.

That Peak Oil Guy's picture

Not conspiracy theories. Just human nature.  The same traits that allow us to survive in times of scarce resources caused us to overshoot the carrying capacity of the planet in times of plenty.  Most other life forms behave the same way, the difference with humans is the scale of the overshoot due to our unique ability to manipulate the world to our benefit.

The conspiracy is the people who may be trying to solve the problem in unnatural ways.


gmj's picture

Dejean, population and consumption are presently high enough that natural resources are becoming scarce and expensive.  But population is projected to increase from six billion to nine billion in the next fifty years.  And per capita consumption is going to increase dramatically, because of the rise of the middle class in China and India.  Meanwhile, it has been well established that oil and coal reserves have been overestimated in order to attract investment.  Are you watching the prices of resource-related stocks?  They are exploding upward.  I don't understand your optimism.

There have been local resource-related collapses in the past.  This one will be global.  

MadeOfQuarks's picture

Our world can support a much larger population than today if we bothered to develop the tech for it. The sun provides more energy than we will ever need, if we recycle everything we need hardly dig anything out of the ground (after all most stuff we consume tends to get smaller), more efficient water purifcation will provide us with all the fresh water we need etc. The problem is that there isn't any money in sustainability on the corporate level thus r&d is underfunded.

redpill's picture

OT: Vast Libertarian Conspiracy Exposed

Everywhere, USA (AP) — Libertarians have been exposed as to wanting to take over the government and promptly leave everyone alone.


bigdumbnugly's picture

problem is that there are too many teet suckers who don't want any part of that.

DoChenRollingBearing's picture

+ 2012

Dr. Ron Paul for President!

RockyRacoon's picture

Did you get my reply to your question about trading silver coins for gold?

by RockyRacoon
on Tue, 04/26/2011 - 23:49

DoChenRollingBearing's picture

Train wreck dead ahead.

Prepare accordingly.

ivana's picture

:-D hahahaha grat man .... we'll wreck the economy and kill this dog hhahaha

SemperFord's picture

That was great WB7, some of your best work if I do say so myself.

velobabe's picture

you are very talented, and lifted my spirits up^ after reading this horrible article by the burring platform man.

damn, does he have an axe to grind or what? he must hate his mother or his grandma, so bad. he sure thinks he can paint with a really broad brush. hard to do if you are at all compassionate. never read something as generalized as this POS.

any way, i knew you made this video. i never saw a few good men. i never liked movies with guns and killing even in the west. well, suppose only the western parts of america had gunslingers. we have nice old ladies that were hippies and went to woodstock, etc. that didn't turn into greedfestors. i know several, but can only speak for myself. i rejected money, kinda of not purposely pursuing it in life, as a goal. never went after men with money, for a reason.

b o r i n g,

kinda of like zerohedge is getting to be lately. except for you banzai, you are staying true to your colors. kiss kiss to all†

Loose Caboose's picture

....what she said....and this:

I don't own an i-anything.  No sense saying anything further as apparently, it's predictable, and therefore a waste of key strokes. 




Problem Is's picture

I would have gone with:

The Good, The Bad and The Ugly
And that classic music theme:


falak pema's picture

A last train to boot hill...full of boomers going ...chug a lug, chug a lug,

I hope this tunnel leads to my mega bonus!

WB7 you did it again... 

bugs_'s picture

there are two kinds of people in this world my friend, those who print, and those who dig.

dick cheneys ghost's picture

"you gonna print that money or whistle dixie?"

Don Birnam's picture

Lone Watie: How did you know which one was goin' to foreclose first? 
Josie Wales: Well, that banker in the center: he had a book full of NINJA loans and he was in no itchin' hurry. And the Ditech originator second from the left with the scared eyes, he has a leased Porshe Cayenne sixty days past due, so he wasn't gonna do nothin'. But that one on the far left, in the Bank of America polo shirt: he had crazy eyes. Figured him to make the first move. 
Lone Watie: How 'bout the one on the right? 
Josie Wales: Never paid him no mind; he was FHA. Besides, you were there. 
Lone Watie: I could have missed...the foreclosure auction. 

bigdumbnugly's picture

we gonna bury them thar bankers, josie?

nope. leave 'em.  buzzards got to eat, same as worms.

dick cheneys ghost's picture

"I know what you’re thinking: 'Did he print $six trillion, or only five?' Well, to tell you the truth, in all this excitement, I’ve kinda lost track myself. But being this is a .44 Magnum printer, the most powerful printer in the world, and would blow the world clean up, you’ve got to ask yourself one question: 'Do I feel lucky?' Well do ya, Ben?"

bothsidesnow's picture

When you and your generation get out in the streets and riot like the boomers did in the 60's then I will listen to this crap.

Move along nothing to see here.

knowless's picture

right, because the situation hasn't changed dramatically? patriot act? indefinate detentions?


what about the protests of the RNC/DNC/WTO/NAFTA/G7/8/20?.. they just call them anarchists and lockemup..


it's not that they aren't rioting, it's that the shit is never reported.. also, the younger generations are either fully placated by their massive student debt (which the baby boomers didn't have to deal with), or near homeless just trying to figure out how to make rent, or living with their parents..boomerang.


I don't generally support finger pointing between generations, as it accomplishes nothing..


but if you don't think the younger generations are doing anything, then you aren't paying attention.. we do not live in the 60's anymore, shit is in lock down.


also, a criminal record will make it impossible to find housing, as renting in the vast majority of cities that actually have jobs to offer requires a clean record.. so have fun "protesting" or "rioting" when if you are arrested you are summarrilly disallowed from renting legally..


was it like that in the sixties?

gmrpeabody's picture


We here at ZH have grown from blamming everybody on the left (or right) only to start blaming everybody over 50 (or under 50).

Seems nobody has learned anything.


knowless's picture

the debtors mindset is now our cultural legacy, I wouldn't blame that on any particular generation. but comparing the current atmosphere to that of the 60's just seems naive to me, the cost of dissent is now much higher, quicker to implement, and harder to evade. no matter what your age.


that is my only point.

gmrpeabody's picture

My remark was not directed at you, Knowless. It was just served up in general. This whole article harkens back to the endless "but YOU voted for him" , right vs left argument. Only now, we've gone generational.

Oh, that's right..., my Dad did it.

i-dog's picture

Quinn is very clever at stating the true situation then misdirecting the blame. He's already done it many times here.

These predictions of the forward course of American "democratic" government were made very public way back in 1958 -- when the baby boomers were still in grade school -- by somebody who allegedly knew of the oligarchs' plans. See how many you/we think have come to pass:

  1. Greatly expanded government spending on every conceivable means of getting rid of American wastefully as possible
  2. Higher...then much higher...taxes
  3. An increasingly unbalanced budget...despite the higher taxes
  4. Wild inflation of the currency
  5. Government controls of prices, wages and materials...supposedly to combat inflation
  6. Greatly increased socialistic controls over every operation of the economy and every activity of daily lives...accompanied by huge increase in the size of the bureaucracy and in the cost and reach of central government
  7. Far more centralisation of control in federal government and practical elimination of state lines...until they are no more relevant than current county lines
  8. Steady advance of federal aid to, and control over, the education system...leading to complete federal control over public education
  9. Constant hammering into the American consciousness of the horror of modern warfare...and the need to give up individual rights to attain peace.

What we have here is a controlled demolition of the American economy. It was planned long ago by earlier generations of the same oligarchs that are pulling the strings today -- with the end objective of bringing all the wayward freedom-loving sheep back under the feudal control of a few European aristocratic families, administered under a single world government.

DavidPierre's picture

SmokeyQuinn is a 'Usefull Idiot',* a simpleminded tool for an age old system. He again attempts  'divide and conquer' with this tripe.


Blotsky's picture

How many times have I, a 29 year old, wanted to go out to a busy road with a sign and simply show things for the way they are but have not? Alot.

Get out there and make any sort of a ruckus in the slightest bit and you can rest assured that the police will mark you down and throw your name in a database, and thats not a "conspiracy theory".

Yeah, it sucks. I graduated in the class of 2000 and I'll say this, the overwhelming majority of my generation are absolutely clueless as to what is going on, and if told, they could care less.

So most of my peers dont care and even if they did, like me, they would have to deal with being marked and entered.

The Boomers are not alone to blame, I'll take accountability for myself, but there is more severe BS that me and my generation get to deal with than in the 60's.

Stormdancer's picture

Thankyou Blotsky.  There's a lot of truth in the article we boomers need to deal with, but focusing the spotlight on a "generation" instead of the lack of integrity... independent of age or generation... is just folly and will only serve to divide the very forces that need to be working together to expose the illusions we've been deceived by.

The Boomers

The Jews






...all divisive distractions designed to keep us mired in the few disagreements so we never notice and cooperate in the many things we do agree on.


Auricle of Omaha's picture

Fuck the boomers... They got great music, muscle cars, pot, free sex, cocaine, and a stock market that sent their 401ks and IRAs into the stratosphere. At a minimum they can bear some of the burden of the current fiasco.

duo's picture

not to mention an almost free quality education in public schools and universities.

Bicycle Repairman's picture

There are some boomers among the 1% that own everything.  Go collect from them.

Mr Pinnion's picture

"not to mention an almost free quality education in public schools and universities."


If the boomers fucked it up so bad with "quality education" , then we totally are doomed given how education sucks today.



flattrader's picture

>>>When you and your generation get out in the streets and riot like the boomers did in the 60's then I will listen to this crap.<<<

I still love a good riot...[and I've been on both sides of the line.]

The above was just crybaby bullshit.

I have one thing to say to little sniveling fucks like him:



WhiskeyTangoFoxtrot's picture

working on getting my ticket to NYC. Viva la revolucion, bitchez! Speak up, fight back, or shut the fuck up and die with the rest of the sheep!

Sean7k's picture

What is the point of this drivel? The Mighty Quinn thinks he can lay the blame at the feet of a single generation? His ignorance of economic and political history are mindboggling.

There is no benefit, beyond division, in attempting to fix the blame for today on anyone. The Elites that manage the people and governments of the world are not generational- they are dynastic. They do not belong to a country, they have allegiance to wealth and the exercise of power for the benefit of a few.

There has never been a difference between party or candidates. They have always been presented as a choice, when in reality, they have voted the same regardless of affiliation. Check the logs- there is a 1% difference between Democrat and Republican on business. The great compromise? A 400 million budget cut. Even if you accept the 38 billion, they POMO that and more every day.

FDR? Stack the court FDR? Socialism FDR? Unnecessary war- bailout Britain FDR? Maybe he means Truman. Nuclear weapon Truman- though completely unnecessary? Marshall Plan Truman? The money spent not on rebuilding, but on US gold transfers, CIA programs, Political instability and regime change? That Truman? Maybe Eisenhower. The one who warned us about the military-industrial complex- while he supported all their spending during his regime.

Maybe Johnson, who balloned the debt with the Vietnam war after he signed off on the assasination of Kennedy. Nixon? Who took us off the gold standard and started us down the fiat trail? Carter, Reagan and Bush I. Need I go on?

Don't get me started on the Morgans and Rockefellers and all the machinations of the teens and twenties- including JP on the board of the World Bank when the US was intent on not being a part of it- as stated policy.

Quinn the quisling needs to get his head out of his rectal nirvana and study history. There is only one group that runs the planet and they don't share power with anyone.

i-dog's picture

+1 (and I'll be proud to share your junks!).

Sean7k's picture

+1 for your post above as well. Just hope people will do the research for themselves.

FeralSerf's picture

That's pretty much the conclusions I came up with.  Well said!

Ferg .'s picture

Always a pleasure to read the ruminations of Jim Quinn  .

And a special thank you for this particularly colourful line :


"It will be a great day when the python craps this pig of a generation out the other end."


Epic .


macholatte's picture

This author is completely full of shit! He talks out of at least 2 sides of his mouth. He makes this claim:

Over the last few weeks there seems to be consensus among many financial bloggers, whose credibility is far more trustworthy than the corporate mainstream media, that the country is teetering on the verge of economic collapse due to the complete capture of the government, financial, regulatory, and media by a small group of oligarchs

then says this:

There are supposed to be courageous, loyal and honest sheriffs that protect the citizens from crime, corruption and evil doers.

Then he moves on to play the blame game and nail everyone who got sucker punched as the perpetrator. Like nobody under the age of 40 bought a house he couldn't afford or has a credit card. Quinn is arrogant, totally self serving and egotistical and ignorant of history. He clearly sings the mantra of Robert Reich and the new "Only Me" generation seeking to save himself at the expense of all those who came before him. Of course he desperately wants his parents to drop dead soon so he will get whatever they have left and free him to live the life he deserves. 


gmrpeabody's picture


The blame game = divide and conquer.