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So helicopter Ben is going to do a complete 180-degree turn, abandon the last 4 years of monetary policy, abandon his "inflation target" and suddenly embrace deflation warmly? Sorry I just don't find it plausible.
Simply brilliant, heretics are either totally wrong or totally right :))
It's all clear to me now. The U.S. will become a nation of economic slaves.
Damned glad I blew it out in the 80's and 90's. Will have something to tell the young ones about.
We already are. Unless the banksters go to prison there will be no salvation.
States sell prisons to banks to pay for their debt.
Bankers own the prisons.
So what good does it do to send them to their own prisons?
yep. our entire political/social/legal system is just as fucked as the economic system. Learn to swim.
Just a short litle change from will become to has become and you are on the money Sir.
The US (and actually the rest of the world with it, this is sheeple we're speaking of) are already debt slaves. Those that are not are being sucked into the vortex faster than you can say Credit Card.
Here in India, the debt enslavement machine is in full swing. People were kept quality product hungry for decades, while watching TV that showed opulent western lifestyle.
Then, starting in 1990 and accelerating in 5 year increments, everything was loosened up, import regulations and tarrifs, credit availability, foreign TV channels (big one, created the aspirationalist economy), shit service, call center jobs, fast forward to McD's delivery jobs, cheaper credit, no money down.... same track but at warp speed. in 10 years, they have 50% of a population for whom takign a loan was anathema to everyone wants it. Farmers got the short end, loans for seeds (terminator, GMO shit from cargill and monsanto), loans for tractors they did not need and could not repay after one bad season....
classic, horrifying, heart-less....and unfolding at warp-speed even as I type.
ORI, formerly in the US education system, I'm not sure about now, this process was called the 'transition to a service-based economy'. Teachers/professors looked at you real funny if you suggested that the acceleration of this process by inefficient government policies should be questioned. Similar story with GMO crops right now, but I thought India was one of the remaining hold out countries? Has something happened in the year or so since this article?
Irwin, the GMO story un-folded under th etable here so to speak. Pay someone a little sumtheeng and you can do whatever. Clinical trials is one such "growth" industry in India right now.
They started out with BT cotton, a major cash crop in many parts here. Ruined many a farmer (farmer suicides are off the charts). And monsanto sold their terminator seeds and round-up ready seeds. They made a big hue and cry about Brinjal (that would be eggplant in the US) but that was all for public consumption. Such an unregulated and unregulatable market here, they just did their stuff.
So yes, we are quite GMO'd, sad to say.
Thanks ORI, even though that's not what I'd hoped to hear. Maybe it's inevitable. Democratic processes and activism are capable of creating well-intentioned laws, but perhaps there is just no mechanism for enforcing them and punishing offenders. Maybe as long as there is opportunity to profit, those charged with enforcement will either share in these profits or encounter a worse fate.
hey fletch! ORI has a site, which he advertiZes here about 100X/week, where he plays Great Mother to almost anyone. lately, he doesn't seem to be able to keep the venues straight and has been talkin like a man with a paper asshole all over this site.
that said, i consider him a pretty damned good guy and a friend, to boot!
A debate on "How deliberate manipulation of inflation/deflation for personal gain is not insanity" would be interesting.
Likewise, with such topics as "How unfairness, privilege, fraud, omission of vital data, Corporations-are-persons and Royalty lines [Emperors-Kings-Queens] can be justified markers of insanity".
Well, the USofA has always been a nation of slaves, since it's founding... the rest of the world is not much different, maybe less extreme. Original slaves were "owned" and worked for "free" but the "owner" had to use his own income to give them shelter, food, clothing, healthcare, also to their families ... now the slaves are "free" but the "ex-owners" pay them miserably and don't have to worry about housing them, feeding them, clothing them or their families, less headaches - just saying, it's more or less the same in the end... bread and circus, please give us more !!!
As a very wise old physicist/economist says (you know who I am referring to): human nature changes very slowly, if at all.
The Story of Your Enslavement
Buy low, sell high works for treasuries, too? Nothing new here.
That said, buying in late to a yield rally is easier said than done. It requires either a crystal ball or brass balls.
Yep. One big transfer payment in the form of an IOU from the sheep to the banks with regular debt service through no real wage growth and a negative real interest rate.
What's your point? This has been going on for decades.
They have been rehearsing it for decades. Now they're taking the show on the road.....
Con of the Century is in the White House right now.
Nah. The prez is just as much a sucker in this as everyone else. He's the dummy in the room that stands up after the pitch and goes "This is a great deal! Where do we send our check!" You need an influential mark to get the rest of the sheep to capitulate.
The marks thus far? Clinton, Bush II, Obama. The next one will be worse. The next guy may well be physically red from all of the kool aid.
Not that I care, but I'm curious as to what motivates people to junk posts. The theme for ZH is anonymity. Why not just post a reason or objection? We are all hiding behind as least the perception of anonymity... to silently junk when you are already posting anonymously just doesn't make sense to me.
I get it if you don't feel like writing a response, so lazy or lack of interest in fully responding to something would work for me as explanation. Again, not that I really care, just curious.
Politics seems like an obvious topic for people to junk no matter what you say. For what its worth, I don't really have a political view. All politicians should jump off the same bridge, imo.
lol! pan-the ist + avatar = fabulous & wonderful, too! must admit don't regognize the portrait but it could be a pol philos. or writer whom i admire, already. i don't junk XKurt0 and have preferred to blog to him if i think 1 or 2 thoughts might apply. plus, he's even cogent and has nailed more than one thingy on zH, at times. perhaps. personally, i value XK0 in that he's put a little Juice into the strings, from time to time. i think.
That's Spinoza. Pantheism is his baby.
... I'm curious as to what motivates people to junk posts.
... I'm curious as to what motivates people to junk posts.
I've concluded that it's jealousy. Most folks being a product of the current educational system can't compose a proper sentence so they begrudge your ability to do so. In the same sense, they are unable to assemble a cogent thought, so that, too, raises their impulse to strike back. What this site needs is a thumbs-up button. In conclusion, wear your junks with pride.
*** "The next guy may well be physically red from all of the kool aid." ***
Get your KoolAide!! Your Banker Lobby Dollars!!! Getum while they are hawt off the press... wet ink dollars from the 0% Fed Window!!! Come on whos next? step up and get your cut of the Lobby Dollars!
Truly, I think Obama is a narcissistic sucker who believed the hype he was told by Soros and his operatives. when they are all in a room, Obama is the only one who doesn't know who the chump is.
This is one of the funnier posts on ZH the last couple days.
I compliment you on your ignorance of the past.
You will make a fine soldier.
heh heh, Just what I was thinking.
No love for the Hedgetard?
"Single acts of tyranny may be ascribed to the accidental opinion of a day. But a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers, too plainly proves a deliberate systematic plan of reducing us to slavery." - Thomas Jefferson
Ever since Aug. 15, 1971
Damn that TJ was a smart man. I think he was probably the intellectual high point of the US political history. All downhill from him.
it took a decade to set up the con of the century. they even killed 3,000 people on Sept 11, 2001 to get the ball rolling.
Nice typo: "the Fed's purchase of taxic assets" "Taxic" We got the toxic with our taxes.
I thought the author was from Boston .
Right...as if Atlas won't shrug. Those that have the means will just pack up and leave.
Maybe if People got a clue? then "We the People" could take back our Country from the "Banker Lobby Dollar Whores"!
The fact that the Populace is spoon Fed shit from.. CNBC, MSNBC, NBC and the Corporately Owned Like!! Means that the Facts of how "We the People" are really fucked will Never, EVER! hit main stream..
Most, like the Union Workers! they dont give a fuck about how people are getting fucked.. they just want thier cushy jobs with pensions back..
The Country is FILLED! with Lazy Fucking People who dont care about aything except danzig wiff da starz and judge judy. The Majority here doesnt want change they want spoon fed!
As for leaving.. well! if the Majority wants to be blissfully ignorant about how they are being robbed blind! if the majority is ok with the Constitution being shit on.. what else is there to do?
Watch America turn into the largest 3rd World Police State with a socio-economic divide which no amount of good faith or hard work can ever span.
The damage being done will hit a point of no return, that is to say that the idiots who are owned (Government) by the Corporate Souless Quarterly Bonus Mind Set thru Lobby Dollars will undermine themselves and the Country to the point of there being no way to get back.
You can Not un-pickle a cucumber!
It is a sad thing to watch.
and to be clear the majority of broke fucking idiots who dont have a clue or the ability to comprehend will be the ones voting in the next round of scumbags to power, Not You or me! we dont have the votes to effect change!
Pump up the flouride in the water supply! keep believing the tax breaks will effect you one day.. dream the dream! any help offered to our fellow Country men / women is Commie behavior! let them fucker starve and suffer!
Someone? Please grab the Flag and turn the lights out on your way out!
Ha! Them leave this juicy meal ticket? Atlas Shrugged....what a sick joke. Bankster propaganda!
For the antidote to Ayn Rand see Murray Rothbard (for you brainwashed enough not to see right through her).
Actually a great read, and a noble philosophy... seriously, as much as I disagree with it. Of course it breaks down completely in real life (John Galt exists only in Ayn's imagination)... we get Lloyd, Jamie, Ben, Tiny Tim... and even more fraud and corruption than government could even imagine, let alone execute.
This juicy meal ticket is just about sucked bone dry.
If AS were bankster propaganda, the heroes would have been bankers. The one thing Rand seems to have seriously underestimated is the absoluteness of the corrupting influence of fiat currency. Beyond that, though, she pretty much nailed the whole fascist downward spiral, when government and private industry start making backroom deals.
This will work spectacularly until they try and extract $100 of interest payments for every $90 of wealth the economy generates. Actually, things will tip over well before that, but you get the point.
As Greece amply demonstrates, you cannot choke the real economy with additional interest payments beyond a certain point. Then everyone gives up, realising that the task is impossible and the interest just goes unpaid. Your 'Elites' will be left holding a bunch of defaulted paper secured against an economy that is unable to honour it.
Black Economy Bitchez!
The Greek politician bastards are about to cut disability payments, instead of giving haircuts to the French banksters.
Because disability payment recipients can't bribe politicians with as much money as French banksters.
No, they will make you and I pay. Remember the "Elites" call the shots.
No, they really don't when it comes right down to it. Let's see how the ECB gets on 'Making the Greeks pay' shall we?
Greek bonds are used as colateral for leveraged ECB loans, and central banks dont care about haircuts, theyll just adjust the colateral terms to cover the banks for the haircut.
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