This page has been archived and commenting is disabled.

Guest Post: No Way Out

Tyler Durden's picture


Submitted by Doug Casey of Casey Research

No Way Out

I really dislike sounding inflammatory. Saying that things are going to
go terribly wrong runs a risk of being classed with those who think
the world will end in December 2012 because of something Nostradamus or
the Bible says, or because that’s what the Mayan calendar predicts.

This is different. In the real world, cause has effect. Nobody has a
crystal ball, but a good economist (there are some, though very few, in
existence) can definitely pinpoint causes and estimate not only what
their immediate and direct effects are likely to be (that’s not hard; a
smart kid can usually do that) but the indirect and delayed effects.

In the first half of this year, people were looking at the U.S. economy
and seeing that some things were better. Auto sales were up – because
of the wasteful Cash for Clunkers program. Home sales were up – because
of the $8,000 credit and distressed pricing. Employment was up – partly
because of Census hiring, and partly because hundreds of billions have
been thrown at the economy. The recovery impresses me as a charade.

Let’s get beyond what the popular media parrots are telling us and
attempt to derive some reasonable assumptions about how things really
are and where they’re headed.

A Brief Summary of Our Story So Far….

Before we get to where things stand at the moment, let’s briefly look at where we‘ve come from.

That a depression was in the cards has been foreseeable for decades.
The distortions cranked into the system in the ‘60s – the era of “guns
and butter” spending by the government – resulted in the tumult of the
‘70s. Things could, and one could argue should, have come unglued then.
But they didn’t, for a number of reasons that have only become clear
in retrospect: 

  • Interest rates were allowed to rise to curative levels;
  • The markets were non-manipulated and so, as they became quite depressed, were left to send out real distress signals;
  • The U.S. was still running a trade surplus;
  • The dollar had only come off the gold standard in 1971 and was still relatively sound.

Then, starting with Reagan and Thatcher, the world’s governments
started cutting taxes and deregulating. The USSR collapsed peaceably.
China, then India, made a shift toward free markets. And on top of it
all, the computer revolution got seriously underway. All told, a good
formula for recovery and a sound foundation for a boom.

But sadly, taxes, government spending, and deficits soon started
heading much higher. Despite the collapse of its only conceivable
enemy, U.S. military spending continued to skyrocket. Monetary policy
encouraged everyone to take on huge amounts of debt, much more than ever
in the past, and everyone soon found they could live way above their
means. The stock, real estate, and bond markets got pumped up to
ridiculous levels. The main U.S. export became trillions of paper
dollars. Worst of all, the U.S. devolved into just another country,
undistinguished by anything other than a legacy of a high standard of

The standard of living in the U.S. is now going down for these reasons,
and others. But most disturbing to the average American is the falling
position of the U.S. relative to the rest of the world. In brief,
Americans won’t take kindly to the notion that they can’t continue
earning, say, $10-40 an hour, for doing exactly the same thing a
Chinese will do for $1-4 an hour.

What’s going to happen is that the Americans’ earnings are going to
drop, while those of the Chinese are going to rise, meeting someplace
in the middle. Especially when the Chinese works harder, longer, saves
his money, and doesn’t burden his employer with all kinds of legacy
benefits, topped off with lawsuits. This is a new threat, one that
can’t be countered with B-2 bombers. It’s also something as big and as
inevitable as a glacier coming down a valley during an Ice Age.

This, along with other problems presented by the business cycle have ushered in the Greater Depression. 

How Long Will the Greater Depression Last?        

Let’s briefly recap two definitions of a depression, along with a
couple of examples, with an eye to seeing how things may evolve from

One definition is that a depression is a period of time when most
people’s standard of living drops significantly. Russia had this kind of
depression from roughly 1917 to 1990, so more than 70 years. A second
definition is that it is a period of time when economic distortions and
misallocations of capital are liquidated. Russia had this kind of
depression from 1990 up to about 2000. It was very sharp but relatively

The difference between these two examples is that, during the first,
the state was in total – or even increasing – control. By the time of
the second, the country had greatly liberalized. As a result, the
depression was a period of necessary and tumultuous change, rather than
drawn-out agony. A depression can be a bad thing or a good thing,
partly depending on which definition applies.

Today, things are problematic in Russia for a number of reasons that
aren’t germane to this article. But people can own property,
entrepreneurs can start businesses, and the top tax rate is 11%. The
depression of 1990-2000 resulted in greatly improved conditions in

Let’s look at a couple of other examples: Haiti and Mozambique.

Haiti has been a disaster since Day One and has no current prospect of
improvement. The billions of dollars Obama is idiotically about to send
them will evaporate like a quart of water poured into the Sahara – just
like the billions of aid and charity that have gone before it. Worse,
it will eliminate the necessity of Haiti making meaningful reforms.
Additional aid actually precludes the possibility of liquidating
distortions, misallocations of capital, and unsustainable patterns of
life. It’s counterproductive.

Mozambique went through a long and nasty civil war from about 1970 to
the early ‘90s. The war made conditions worse than anything even Haiti
has seen. But when it came to an end, the Mozambicans changed things
simply in order to survive. The place is hardly a beacon of the free
market today, but duties and taxes have been reduced, most parastatals
have been privatized, and entrepreneurs can operate. It’s a good sign
that the country is drawing foreign investment but very little foreign
aid, which always just cements people in their bad habits while
ensuring government officials stay in office.  

Why do I bring up these examples? Because it’s clear to me the U.S. is
heading in the direction of Russia before 1990, or Haiti today. Not in
absolute terms, of course. But everything the U.S. government is doing –
raising taxes, increasing regulations, and inflating the currency – is
not only the wrong thing to do, but exactly the opposite of the right

This is really serious, because the government is the 800-pound gorilla
in the room. What governments do makes all the difference – actually
the only difference – in how countries perform. How else to explain
that Haiti and Singapore were on pretty much the same level after World
War 2, and look where they are now.

To my thinking, the U.S. is now clearly on the path Argentina started
down with the Peron regime. Cause has effect. Actions have
consequences, and the result will be much the same. Except I believe the
descent of the U.S. will be  much faster, much scarier, and will end
in a much harder landing than that experienced by

I say this because there’s no realistic possibility the Obama regime is
going to change course. To the contrary, they’re likely to accelerate
in the present direction. They believe the government should direct
society – as do most Americans at this point. They feel government is a
magic cure-all and not only can but should “do something” in response
to any problem. Most complaints aren’t that they’re doing too much, but
that they’re doing too little. Everything on the political front,
therefore, is a disaster. There’s absolutely no prospect I can see that
it will get better, and every indication it will get worse.

I’m not going to try to predict what will happen in the 2012 elections,
but it’s fair to say the last several elections are indicators of the
degraded state of the average American. What are the chances they’ll
make a 180-degree turn, in the direction of someone like Ron Paul? I’d
say close to zero, and libertarianism will remain a fringe movement, at
best. Will Boobus americanus vote for someone who says the government
should actually do less – much less – in the middle of a
crisis? Especially if the current wars expand, which is quite likely in
this kind of environment? No way.

Simply, the chances of a reversal in what passes for the philosophical
attitude of this country are slim and none. And Slim’s left town. While
there are some who hope for an improvement on the political front, I
think that’s very naïve.

The Tea Party movement? Its ruling ethos appears to be a kind of
inchoate rage. I sympathize with the fact that many seem to be honest
middle to lower middle-class Americans who see their standards of living
slipping away and don’t know why, or how to stop it. They feel bad
that it’s no longer the America portrayed in Jimmy Stewart and John
Wayne movies, but many are quick to blame the changes on swarthy
immigrants. They’re desperately looking for a political solution. These
folks tend to be highly nationalistic and atavistic, with a tendency
to worship their preachers and the military. I just hope some popular
general doesn’t get political ambitions…

The only bright spots – but these are very major bright spots – are in the areas of individual savings and technology.

As things get worse, the productive members of society will redouble
their efforts to save themselves by producing more while consuming
less; the excess will be savings. Those savings create a pool of capital
that can be used to fund new businesses and technologies.
The problem here is that with the dollar losing value quickly, the
savers will be punished for doing the only thing that can really
improve the situation. And they’ll be discouraged by wrongheaded
propaganda telling people to consume more, not to save. Funding new
business and technologies will be harder with more regulations. But
still, people will find a way to set aside a surplus. And that is a
factor of overwhelming importance.

As are breakthroughs in science and technology. Don’t forget that there
are more scientists and engineers alive today than have lived,
altogether, in all of previous human history. These are the people that
will wind the main stem of human progress. And their numbers are going
to grow. So there’s real cause for optimism.

The problem is that most young Americans now go in for things like
sociology and gender studies, whereas the up-and-coming scientists and
engineers are primarily Chinese and Indians who, even if they get
advanced training in the U.S., tend to go back home afterwards. Partly
because the U.S. discourages hiring non-Americans for “good” jobs, but
mostly because they can see more opportunity abroad.

So, how long will the Greater Depression last? Quite a while, at least for the U.S.

But wait. Aren’t there other bright spots? How about the dollar?

The Dollar

Over the years I’ve been agnostic as to whether this depression would
be inflationary or deflationary. Or both in sequence, with inflation
first, followed by a credit collapse deflation; or a deflation followed
by a runaway inflation. Or perhaps both at the same time, just in
different sectors of the economy – e.g., prices of McMansions collapse
because people can’t afford to live in them, while the prices of rice
and beans skyrocket because that’s all people can afford.

At the moment I’m leaning towards a deflation in most areas. Why?
Because the purchasing media in the U.S. is primarily credit based. If a
mortgage defaults, what happens to the dollars it represents? They
literally disappear, which is deflationary. If a bond defaults, the
same thing happens. If stocks and property prices crash, the dollars
they represent vanish. If people or businesses don’t borrow, the money
supply fails to expand; in fact, many are trying to pay back loans,
which is deflationary. Even so, contrary to popular opinion, deflation
is much better than inflation.

Because today’s dollar is just paper and credit, and because
deflationary conditions will create a clamor for many more of them, the
government will eventually succeed in its inflationary efforts. It’s
true, as Bernanke has said in a moment of wry wit, that they can dump
$100 bills from helicopters to prevent deflation. But it’s not likely
since, in our fractional reserve banking system, the primary way the
money supply is expanded is through the granting of loans, not the
printing of paper, the way it was done in Weimar Germany and Zimbabwe.
One problem with credit-based inflation is that at some point, banks
become afraid to lend, and people afraid to borrow – a time like right
now. In fact, people may even become too afraid to leave their dollars
in banks. They’re coming to realize the FDIC is thoroughly bankrupt.

Here’s a speculative scenario. To solve these deflationary problems and
resolve Ben’s helicopter conundrum, maybe the Fed will go into the
retail banking business by directly taking over the hundreds of
institutions that are now failing. The average American would feel safe
depositing directly with the Federal Reserve. And the Fed could lend
as much as they want, without the restrictions imposed by actual
capital or pesky shareholders.

Ridiculous? I think not, certainly not after GM, Fannie, and the rest.
Certainly not when you consider that this depression is still in only
the second inning. It would be one way to head off deflation.

Be that as it may, or may not, at some point after the deflationary
waters have receded as far as possible, an inflationary tsunami is
going to wash ashore, to the surprise of all.

Everybody knows how bad things were in Weimar Germany, and what a
catastrophe hyperinflation has been in Zimbabwe. But those were agrarian
economies, with people still quite close to the land. If it hits in
the U.S., as highly specialized and urbanized as it is, it will be an
unparalleled disaster. And not just for the U.S., because the reserves
of almost all governments are mostly U.S. dollars. And dollars are used
as the de facto currency by the average man in about 50 countries. All
told, there may be as many as seven trillion of the things held
outside of the U.S., and, at some point, everybody will be trying to
unload them at once. At which time they’ll lose value very, very

So, far from being something to rely on, and very far from being as
good as gold, the dollar is going to be a lead player in the
catastrophe called the Greater Depression. And all the other paper
currencies are going down with it. Pity the fool who doesn’t see this
Or, for that matter, what’s going to happen to interest rates.

Interest Rates

The government is doing everything in its power to keep interest rates
as low as possible. There are many reasons for this. Low rates make it
easier for people to support their debt burdens and borrow more. Low
rates inflate the value of stocks, bonds, and real estate – and the last
thing the government wants to see is a meltdown of the markets. But,
perhaps even more important, it’s a lot easier for the government to
service $12 trillion of official debt at 2% than at 12%. That much of a
rise in rates alone will add over a trillion to what they need to
borrow to keep the giant Ponzi scheme going.

Of course it’s a fool’s game. Eventually (I’ll guess between six and 24
months), when their creation of dollars eventually overcomes the
credit markets’ destruction of dollars, consumer prices will go up. That
evidence of inflation will cause interest rates to rise, with all the
short-term negative effects the government so fears. But higher rates
are absolutely necessary to get out of the depression. Remember, it was
the high rates of the early ‘80s that set the stage for the boom that

Rates – the price of money – shouldn’t be controlled by the state, up
or down, any more than the state should control the price of oil, or
bread, or toothpaste. One of the major reasons the USSR collapsed was an
inability to make correct economic calculations, and much of that was
due to their arbitrarily fixed interest rates. One reason why Japan has
been fading into the economic background over the last two decades is
that the government has artificially suppressed rates, in the vain hope
of stimulating the economy. All they’ve gotten is excessive levels of
government debt, which will result in the destruction of the yen. And
what will be tens of millions of impoverished, and very angry, Japanese

The same thing is in process of happening in the West due to suppressed interest rates.

The Next Steps Down in the Markets

With interest rates depressed to near zero, stocks, bonds, and property
in the Western countries are as good as they’re going to get –
especially after a very long boom in all three. When rates inevitably go
higher, stocks, property – absolutely bonds – are likely to head much
lower. That’s entirely apart from the fundamentals under them, which
are truly ugly. In turn, that will bankrupt pension funds across the
economy, many of which are already severely underfunded.

These pension funds are likely to be the centerpieces of the next leg
down of the evolving crisis. Will the government bail them out? Perhaps,
although after the misadventure of poor taxpayers throwing money at
rich traders at Goldman and AIG, the public doesn’t like the ring of
that term. More likely it will nationalize them, assuming their assets
in exchange for a special class of its paper. In the interest of
“fairness,” that will happen to small and solvent funds as well as
large and bankrupt ones.

After that, the next problem area will be insurance companies. And not
necessarily because they’ll suffer from the same problems, like
derivative trading, that sunk AIG. Even the well-managed ones have their
assets invested primarily in commercial loans, commercial property,
bonds, and stocks.

How This Will End

Nassim Taleb has popularized the concept of the Black Swan: an event
that no one thought was possible, actually happening. Naturally, it
takes everyone by surprise. To that lesson from zoology, let me suggest
one from astronomy. Let’s call it the Financial Asteroid Strike theory.

It’s well known that there are millions of pieces of sizable space
debris floating around the solar system. It’s just a matter of time
before something crosses our path at an inopportune moment, as has
happened so many times in the past. Unlike the Black Swan, it’s well
known that Financial Asteroids exist. It’s just that really serious
ones appear so rarely that people conduct their lives as if they never
will. It’s been such a long time since the last depression that people
see it as something distant and academic – like the Chicxulub or
Tunguska asteroid strikes. Until the actual moment it hits, everything
is completely normal. Then everything changes radically.

I’d sum it up by saying that a Financial Asteroid Strike takes much
longer to happen than you might expect, but once it actually gets
underway, it happens much more quickly than you could have imagined. We
had a strike in 2008. But they tend to come in clusters. I expect more
to enter the atmosphere fairly soon.

The question is whether the next one is going to wipe out all the
economic and financial dinosaurs or just flatten the trees for some
miles around.

Either way, it’s far from being all gloom and doom.

How This Could Be a Good Thing

Everyone, certainly including myself, prefers good times to bad times.
But much of the good times of the last two decades were a result of an
entire civilization living above its means. It was great fun while it
lasted, but the party is over. The result will be massive unemployment,
lots of business failures, and huge investment losses. These things
are most unpleasant, but inevitable. That said, I always like to look
at the bright side.

And what might that be?

Let’s restrict ourselves to just one of the lead actors in this drama: the United States of America.

The bankruptcy of the U.S. government will, at least at some point, lead
to a big drop in the number of government employees. This is a good
thing, since little of what they do serves a useful purpose; most are
an actual impediment to production.

With some luck it could result in the sale of agencies that have some
value, e.g., NASA, the Smithsonian, and the National Parks – to private
enterprise. It will also force a vast retrenchment of the military,
although only after more costly wars make that necessity very obvious.
It will force a decentralization of power, with more devolving to the
states and municipalities. It will mean much less regulation, since
there won’t be the personnel or money to enforce it. It will also mean
much less taxation for the same reasons, even though the state will try
desperately to collect more, and will absolutely succeed in the near

Internationally, it seems to me a sure thing that organizations like the
UN, the IMF, the OECD, and so many more, will be totally hollowed out
or even disappear. At a time when governments are straining to maintain
themselves, they’re unlikely to ship scarce capital abroad. So the
people who are worried about the UN taking over the U.S., One World
Government and such, will have to find something different to fret

As domestic currencies the world over are inflated away, some medium of
exchange and store of value will have to be agreed on. I don’t see any
realistic alternative to gold. China is going to be a focus of change
in this regard (among many others). The stupidity of the Chinese
government buying U.S. government paper in order to enable Americans to
continue consuming the things Chinese factories produce will come to
an end. That will be an impetus to demands for an alternative medium of

But if the U.S. and governments of other advanced countries lose power,
governments in places like Africa (in particular) will collapse;
Somalia is a model of things to come there. That may sound like a
horrible thing, but – notwithstanding teething pains – it’s a big step
forward. Deprived of free money, free weapons, and lots of free bad
advice that have entrenched kleptocracies, the Africans are likely to
make real progress after the Greater Depression plays itself out.

The transition period, however, is likely to be messy almost everywhere.

Can we prevent the status quo from falling apart, and preclude these messy changes? Further, should we, if we could?

Entirely apart from the fact that change is an essential part of life –
and I think the status quo is in dire need of some real change
(although absolutely not the kind Obama and his posse might have in
mind) – I actually don’t think there’s a realistic solution to the
problems the world is facing in this decade.

Yes, there are solutions that the government could proactively bring
about – almost entirely by doing less, rather than more. But the odds
of the U.S. voluntarily defaulting on its debt, abolishing the Fed,
using gold as money, abolishing all agencies not specifically
designated in the Constitution, eliminating the income tax, and cutting
back on military expenditures by about 90% -- among other things – are
so small as to be considered a fantasy.

In fact, the concept of invoking changes of that scale are too scary for
most to even contemplate. But they’ll happen anyway. Which means these
things aren’t going to happen voluntarily, under some kind of control,
and in a more or less orderly manner. Even so, because anything that
must happen will happen – all these things and more will actually
happen and, in the happening, will be most unpleasant and dangerous.

It seems to me that the upset we’re looking at could be the biggest
thing since the Industrial Revolution. Or perhaps the French Revolution
is a better analogy, although I expect it’s going to be a bit of both.
It seems entirely possible to me that we could have another American
Revolution, as unlikely as that seems among a nation of commuters and
suburbs-dwelling reality TV watchers.

But it’s hard to see how it could be anything like the first one, which
was led by thoughtful, rich, free market-oriented farmers and
merchants. More likely this one will center on people like Sarah Palin
and Sean Hannity on the one side, and Michael Moore and Nancy Pelosi on
the other – strident, antagonistic, and bent, but also full of
charisma and certainty. I don’t see much chance of collegial and
reasonable compromise.

The best advice is not to be around the watering hole when two
antagonistic groups of chimpanzees are hooting and panting at each
other, getting ready to fight for control of it.

I’m afraid the current state of affairs is corrupt through and through.
From the top of the financial world in New York, to the top of the
political world in DC, right down to the average man on the street, 50%
of whom aren’t obligated to pay income taxes but feel entitled to be
net recipients of government largesse at the expense of others. Even
among those that have assets, there’s no feeling of shame in gaming the
system any way possible. There’s no longer any onus to being one of
the 40 million people on electronic food stamps, or defaulting on one’s
mortgage and continuing to live in the house, and collecting
indefinitely extended unemployment benefits. Bankruptcy is just
something you do when needed.

Frankly, it’s a mystery to me how the U.S. in particular, but most of
the developed world, is going to escape from the very unpleasant
consequences of its very stupid past – and current – actions. 

I’ve just scratched the surface of the possibilities for the next ten
years here. What’s clear is that some patterns of production and
consumption are unsustainable; they will stop. What’s not clear is what
new patterns will replace them. But that’s not so worrisome; what’s a
matter of more concern is what forms of political and social
organization will appear.

But let me leave you with a final bit of good news. Most of the real
wealth – science, technologies, capital and consumer goods – will still
be here. There’s just going to be a change in ownership. And it’s
possible to position yourself to get more than your share.

Based on the above, what looks good to me – on a long-term basis – over
the years to come? In general, stocks, bonds, and property are dead
ducks, and headed much lower. But when a real bottom arrives, perhaps
even in this decade, fortunes will be made buying back into them. Gold
and silver, even though they’re no longer cheap, are going much higher;
they’ll be what you’ll trade for things that are cheap. Agricultural
commodities are going to do well. The trillions of currency units being
printed all over the world will definitely ignite more bubbles, which
should present fantastic speculative opportunities. And because the
political situation will be hairy, diversify your assets outside of
your home country.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 10/06/2010 - 17:58 | 630576 kato
kato's picture

you lost me at: "That a depression was in the cards has been foreseeable for decades." such a stupid statement.

Wed, 10/06/2010 - 18:04 | 630586 tmosley
tmosley's picture

Right, because abandoning honest money has worked so well for everyone else that ever tried it.

Thu, 10/07/2010 - 01:28 | 631410 dlmaniac
dlmaniac's picture

To Kato Denial is only a river in Africa.

Wed, 10/06/2010 - 19:14 | 630656 SheepDog-One
SheepDog-One's picture

Right, stupid statement, because everyone knew that massive spending of a baseless currency and leveraging everything 40X would work so good and always has worked so well in the past. Your grade- *fail*

Wed, 10/06/2010 - 20:05 | 630828 Fred Hayek
Fred Hayek's picture

Read The Lords of Finance by Liaquat Ahamed, an excellent history of what central banks did before and during the depression.  It makes it quite clear that the depression of the 30's resulted from a series of policy mistakes that were not at all inevitable. 

Was fiat currency a bad thing?  Yes.  But there was nothing inevitable at that point in time about the terrible economic situation that came to be.


Thu, 10/07/2010 - 00:04 | 631299 Thomas
Thomas's picture

Indeed, it was excellent. I especially liked the discussion of the gold standard.

Wed, 10/06/2010 - 21:11 | 630951 Battleaxe
Battleaxe's picture

The depression has been foreseeable for decades because of demographics. See

Wed, 10/06/2010 - 22:35 | 631115 TwelfthVulture
TwelfthVulture's picture

That wouldn't be DOW 36,000 Harry Dent, would it?

Wed, 10/06/2010 - 23:52 | 631280 LowProfile
LowProfile's picture

Hey, he was just early.  Wait until we hit QEx35 in 2014.

Thu, 10/07/2010 - 10:39 | 632106 chopper read
chopper read's picture

ha, ha.  classic.  :)

Thu, 10/07/2010 - 08:43 | 631836 Battleaxe
Battleaxe's picture

The original Dow 36K guys were James Glassman and Kevin Hassett in 1999. Dent did say in 2004 that the dow would go to 36K. It went from 10K to 14K, so not even close. But his demographic observations do make a lot of sense. Listen to this interview from two days ago:

Wed, 10/06/2010 - 23:55 | 631285 LowProfile
LowProfile's picture

Ding ding ding ding ding!


You just won the DFSOW (dumbest fuckin' statement of the week) prize!

Thu, 10/07/2010 - 00:51 | 631366 chopper read
chopper read's picture

i actually thought kato was making a very funny joke.  ?  


the author is a patriot, and confirms all rational thought, sadly.  any counterpoints seem fluffy and flowery by comparison, especially when we continue to connect the same dots independently.


buy guns 'n ammo while they are still cheap and in abundance.  by the looks of things, half of your countrymen will be your friends, and half your foes.   

Thu, 10/07/2010 - 07:46 | 631741's picture

I don't go in for the false red v. blue dichotomy so does that means that I will have no enemies or that everyone will be my enemy? Surely there will be reasonable folks out there somewhere. They'll come out from cover after the reds and blues have become one giant purple splat.

Thu, 10/07/2010 - 09:49 | 631995 chopper read
chopper read's picture

i hear you.  i actually reckon that morons (both "blue" and "red") will revert to racism/tribalism in the ultra short-term (if there is a breakdown in 'government services'/rule of law, for example).  see: LA riots. 


probably a good idea to just get out of the cities. 


yes, rational heads will ultimately prevail but, again, this may not help you in the short-term.  ...i'm just say'n, Go Ahead.  

Thu, 10/07/2010 - 01:27 | 631406 IQ 145
IQ 145's picture

  It's newsletter journalism; the rear view mirror makes everything quite clear; my favorite was "--The Africans will make real progress after the Great Depression".

Thu, 10/07/2010 - 07:48 | 631742's picture

And why is that your favorite? Make sure you give it the old college try in producing a 145 IQ response.

Wed, 10/06/2010 - 18:03 | 630578 carbonmutant
carbonmutant's picture

Financial Singularity...

Wed, 10/06/2010 - 18:37 | 630643 cougar_w
cougar_w's picture

It probably just looks that way. A relative calm before the actual storm.

Energy singularity. Thermodynamics is the silver bullet that kills it all.

Wed, 10/06/2010 - 21:48 | 631007 Lower Class Elite
Lower Class Elite's picture

Give the lady a prize!  No mention of that gigantic gleaming sword of Damocles in Mr. Casey's Randy musings.   

Wed, 10/06/2010 - 18:08 | 630587 Misstrial
Misstrial's picture

" Except I believe the descent of the U.S. will be  much faster, much scarier, and will end in a much harder landing than that experienced by Argentina."

As bad as things are going to get, I doubt that the US will fall faster and harder than Argentina.

(hint: the Argentine peso was never a world reserve currency)


Wed, 10/06/2010 - 21:48 | 631010 Imminent Crucible
Imminent Crucible's picture

It's precisely because the USD is the world's reserve currency that the U.S. will unravel with greater momentum and damage than Argentina.  Argentina didn't have most of its currency float churning around in 150 other countries.  There was no vast peso surplus to come charging home to dilute and debase the national stock of currency.

See "the Triffin Dilemma".

Wed, 10/06/2010 - 22:03 | 631044 nuinut
nuinut's picture

(hint: the Argentine peso was never a world reserve currency)

The major reason for the hard fall; the whole bloody world wants out.

Think about it.


Hope you enjoyed your exorbitant privilege while it lasted.

Thu, 10/07/2010 - 00:58 | 631376 chopper read
chopper read's picture

...a privilege earned by "The Greatest Generation".


the stampede out of USDs will be deafening.  

thanks, baby-boomers.  i hope you enjoyed yourselves.  i suppose its your bad luck that you could not die before the blowback of your cumulative poor decisions.  


shall we all meet in Texas then? 

Wed, 10/06/2010 - 18:14 | 630596 doggings
doggings's picture

hmm. many more pissed off and desperate people used to freeloading up till this point, with guns, huge (soon-to-be ex) military without jobs, much more to play for control of..

Once it starts I can see it getting bad pretty fast.



Wed, 10/06/2010 - 19:02 | 630694 cossack55
cossack55's picture

Not fast enough to suit me.

Thu, 10/07/2010 - 05:42 | 631571 RECISION
RECISION's picture

Haha  :-)

True Dat...

Wed, 10/06/2010 - 18:18 | 630602 mynhair
mynhair's picture

Before you DC Lib types bad mouth the Tea Party, go to a rally and learn what it is about.

Maybe you will wake up.

Wed, 10/06/2010 - 18:23 | 630613 Japhy Ryder
Japhy Ryder's picture

The Tea Party have become more concerned with being a good "Christian" than wanting a small transparent Federal Govt.


Wed, 10/06/2010 - 18:31 | 630628 Ivanovich
Ivanovich's picture

So untrue.  That's like saying "all liberals want strong unions".

Wed, 10/06/2010 - 18:40 | 630654 Japhy Ryder
Japhy Ryder's picture

Agreed, but unfortunatly it seems the people who now get the media attention are not concerned with downsizing the Federal Gov't (including the military) like one of the original "founders" Ron Paul.

Thu, 10/07/2010 - 07:59 | 631756's picture

Then your complaint is against the media and not the Tea Party. Please direct future epistles to the proper respondent.

Wed, 10/06/2010 - 20:42 | 630901 Hot Shakedown
Hot Shakedown's picture

I am open to learning more about the Tea Party but if its charter does not include endind the fed and reducing the scope of the military indust complex, it is a complete waist of time. Period

Thu, 10/07/2010 - 01:03 | 631380 chopper read
chopper read's picture

as someone who supports those who are part of the Tea Party, Hot Shakedown, i entirely agree.

Navy and Air Force - YES.  standing Army - NO.  State Militia/National Guard - YES.



p.s. term limits, bitchez.

Thu, 10/07/2010 - 01:10 | 631384 RockyRacoon
RockyRacoon's picture

You left out killing all the old people.  That about rounds it out.

Thu, 10/07/2010 - 01:20 | 631397 chopper read
chopper read's picture

thanks for that.



Thu, 10/07/2010 - 06:05 | 631627 Andrew G
Andrew G's picture

You don't have to kill them, just stop paying for their stupidly high medical expenses (which is what any sane society should do)... I don't expect anyone else to pay for my olds' getting sick...

Thu, 10/07/2010 - 12:37 | 632575 Helix6
Helix6's picture

I'm just guessing that your parents haven't run into the kind of medical expenses that bankrupt families yet.

But here's the point: medical practice is tightly regulated here in the US.  Enrollment in medical schools is highly restrictive and medical services ore offerred under a tightly regluated licnesing regime.  This has had the effect of vastly raising the cost of medical care here.  

And in light of this, you're suggesting that the supply of medical services remains tightly restricted while the fees for those services remain unregulated?  This is a formula for financial disaster for anyone with a serious medical condition.  And it shows.  Americans suffer from one of the shortest life expectancies in the developed world while having by far the highest per-capita medical expenditures.  Think there might be a relationship there?

If you're not expecting any help when your folks become old and in need of medical care, then I'm guessing that one of three situations prevails: you or your parents are well enough off to buy medical insurance, you or they are well enough of not to need medical insurance, or they will simply die when the first age-related affliction hits.  Either that or they will be covered by Medicare, and you're secretly OK with that despite your grumblings.

Perhaps instead of sneering at society, we might be better off if we discussed ways of providing quality medical care at reasonable cost.  We seem to be about the only developed society that hasn't fighred out how to do that yet...

Sat, 10/09/2010 - 23:22 | 638809 chopper read
chopper read's picture

thank you for the lecture, Helix6.  

having just gotten back 1 year ago from living in england for almost 7 years, i can assure you that your delusions about the joys of state-mandated healthcare are nowhere close to reality.  healthcare in england is a disaster.


Medical care in the United States is derided as miserable compared to health care systems in the rest of the developed world.  Economists, government officials, insurers and academics alike are beating the drum for a far larger government rôle in health care.  Much of the public assumes their arguments are sound because the calls for change are so ubiquitous and the topic so complex.  However, before turning to government as the solution, some unheralded facts about America's health care system should be considered.

Conclusion.  Despite serious challenges, such as escalating costs and the uninsured, the U.S. health care system compares favorably to those in other developed countries.

Fact No. 1:  Americans have better survival rates than Europeans for common cancers.[1]  Breast cancer mortality is 52 percent higher in Germany than in the United States, and 88 percent higher in the United Kingdom.  Prostate cancer mortality is 604 percent higher in the U.K. and 457 percent higher in Norway.  The mortality rate for colorectal cancer among British men and women is about 40 percent higher.

Fact No. 2:  Americans have lower cancer mortality rates than Canadians.[2]  Breast cancer mortality is 9 percent higher, prostate cancer is 184 percent higher and colon cancer mortality among men is about 10 percent higher than in the United States.

Fact No. 3:  Americans have better access to treatment for chronic diseases than patients in other developed countries.[3]  Some 56 percent of Americans who could benefit are taking statins, which reduce cholesterol and protect against heart disease.  By comparison, of those patients who could benefit from these drugs, only 36 percent of the Dutch, 29 percent of the Swiss, 26 percent of Germans, 23 percent of Britons and 17 percent of Italians receive them. 

 Fact No. 4:  Americans have better access to preventive cancer screening than Canadians.[4]  Take the proportion of the appropriate-age population groups who have received recommended tests for breast, cervical, prostate and colon cancer:

  • Nine of 10 middle-aged American women (89 percent) have had a mammogram, compared to less than three-fourths of Canadians (72 percent).
  • Nearly all American women (96 percent) have had a pap smear, compared to less than 90 percent of Canadians.
  • More than half of American men (54 percent) have had a PSA test, compared to less than 1 in 6 Canadians (16 percent).
  • Nearly one-third of Americans (30 percent) have had a colonoscopy, compared with less than 1 in 20 Canadians (5 percent).

Fact No. 5:  Lower income Americans are in better health than comparable Canadians.  Twice as many American seniors with below-median incomes self-report "excellent" health compared to Canadian seniors (11.7 percent versus 5.8 percent).  Conversely, white Canadian young adults with below-median incomes are 20 percent more likely than lower income Americans to describe their health as "fair or poor."[5]

Fact No. 6:  Americans spend less time waiting for care than patients in Canada and the U.K.  Canadian and British patients wait about twice as long - sometimes more than a year - to see a specialist, to have elective surgery like hip replacements or to get radiation treatment for cancer.[6]  All told, 827,429 people are waiting for some type of procedure in Canada.[7]  In England, nearly 1.8 million people are waiting for a hospital admission or outpatient treatment.[8]

Fact No. 7:  People in countries with more government control of health care are highly dissatisfied and believe reform is needed.   More than 70 percent of German, Canadian, Australian, New Zealand and British adults say their health system needs either "fundamental change" or "complete rebuilding."[9]

Fact No. 8:  Americans are more satisfied with the care they receive than Canadians.  When asked about their own health care instead of the "health care system," more than half of Americans (51.3 percent) are very satisfied with their health care services, compared to only 41.5 percent of Canadians; a lower proportion of Americans are dissatisfied (6.8 percent) than Canadians (8.5 percent).[10]

Fact No. 9:  Americans have much better access to important new technologies like medical imaging than patients in Canada or the U.K.  Maligned as a waste by economists and policymakers naïve to actual medical practice, an overwhelming majority of leading American physicians identified computerized tomography (CT) and magnetic resonance imaging (MRI) as the most important medical innovations for improving patient care during the previous decade.[11]  [See the table.]  The United States has 34 CT scanners per million Americans, compared to 12 in Canada and eight in Britain.  The United States has nearly 27 MRI machines per million compared to about 6 per million in Canada and Britain.[12] 

Fact No. 10:  Americans are responsible for the vast majority of all health care innovations.[13]  The top five U.S. hospitals conduct more clinical trials than all the hospitals in any other single developed country.[14]  Since the mid-1970s, the Nobel Prize in medicine or physiology has gone to American residents more often than recipients from all other countries combined.[15]  In only five of the past 34 years did a scientist living in America not win or share in the prize.   Most important recent medical innovations were developed in the United States.[16]  [See the table.]






Sun, 10/10/2010 - 07:16 | 639063 RECISION
RECISION's picture

fact No.7  People in countries with more government control of health care are highly dissatisfied and believe reform is needed.   More than 70 percent of German, Canadian, Australian, New Zealand and British adults say their health system needs either "fundamental change" or "complete rebuilding.

If I were you Chopper, I wouldn't bet my life on the accuracy of those Stats or Facts.

Sun, 10/10/2010 - 12:47 | 639391 chopper read
chopper read's picture

sadly, i've already had several friends and a father-in-law in england bet their lives and they are no longer here to wage their complaints.  so, i'm doing it for them.


i look forward to the day that treasonous cunts like you experience the true pain or your 'do-gooder' agendas.  

reasoning with assholes like you is like throwing pearls to swine.  no worries, i've got my guns and i've got my gold.  all my friends are buying guns and gold, too.  come and get them, fuckwit.

Tue, 10/12/2010 - 01:29 | 642568 chopper read
chopper read's picture

A recent "Investor's Business Daily" article provided very  
 interesting statistics from a survey by the United Nations  
 International Health Organization.

 Percentage of men and women who survived a cancer five years  
 after diagnosis:

  U.S.              65%

  England        46%

  Canada         42%

 Percentage of patients diagnosed with diabetes who received  
 treatment within six months:

  U.S.              93%

  England        15%

  Canada         43%

 Percentage of seniors needing hip replacement who received it  
 within six months:

  U.S.              90%

  England        15%

  Canada         43%

 Percentage referred to a medical specialist who see one within  
 one month:

  U.S.              77%

  England        40%

  Canada         43%

 Number of MRI scanners (a prime diagnostic tool) per million people:

  U.S.              71

  England        14

  Canada         18

 Percentage of seniors (65+), with low income, who say they are in  
 "excellent health":

  U.S.              12%

  England        2%

  Canada         6%

 I don't know about you, but I don't want "Universal Healthcare"  
 comparable to England or Canada .

 Moreover, it was Sen. Harry Reid who said, "Elderly Americans  
 must learn to accept the inconveniences of old age."


 He is "elderly" himself but be sure to remember his health  
 insurance is different from yours as Congress has their own high- 
 end coverage!  He will never have to learn to accept  


 The percentage of each past president's cabinet who had worked in  
 the private business sector prior to their appointment to the  
 cabinet.  You know what the private business sector is... a real  
 life business, not a government job.  Here are the percentages.

 T. Roosevelt........  38%


  Wilson ................52%


 Coolidge..............  48%

 Hoover................. 42%

 F. Roosevelt.........  50%


 Eisenhower........... 57%

 Kennedy..............  30%


 Nixon...................  53%

 Ford..................... 42%

 Carter..................  32%


 GH Bush................. 51%

  Clinton   ................. 39%

 GW Bush................ 55%

 And the winner of the Chicken Dinner is:

 Obama................ 8%  !!!

This alone can explain the incompetence of this administration....! ! !
!!     8 % 

 Yep!  That's right!  Only Eight Percent!!!.. the least by far of  
 the last 19 presidents!!  And these people are trying to tell our  
 big corporations how to run their business?  They know what's  
 best for GM...Chrysler... Wall Street... and you and me?

 How can the president of a major nation and society...the one  
 with the most successful economic system in world history...  
 stand and talk about business when he's never worked for one?..  
 or about jobs when he has never really had one??!  And neither  
 has 92% of his senior staff and closest advisers!  They've spent  
 most of their time in academia, government and/or non-profit  
 jobs....or as "community organizers" when they should have been  
 in an employment line.

Thu, 10/07/2010 - 08:03 | 631766's picture

Tea Party...charter


Despite efforts to mischaracterize or co-opt the Tea Party it is simply a spontaneous association of individuals who quite correctly voice disapproval of enslavement by government. There is no charter, nor should there be one.

Wed, 10/06/2010 - 18:37 | 630644 Boba Fiat
Boba Fiat's picture

Wrong, but thanks for playing.  Do you know what the "Tea" in Tea Party stands for?  Taxed Enough Already.  The movement is inspired by libertarian philosophy, seeks a return to a Constitutional government (and, implicity, honest money), and Ron Paul's presidential campaign was the seedcorn.  Go to a meeting.  There is literally one in every town.  This is a revolution and it's time to choose up sides. 

And being an ironic Seinfeldian heckler ain't an option this time.

Wed, 10/06/2010 - 19:15 | 630720 lilimarlene1
lilimarlene1's picture

Well put, Boba! And, I like your shoes!


Wed, 10/06/2010 - 19:45 | 630730 Getagrip
Getagrip's picture

Well said! I'm gonna get "junked" (more battle scars), but all we need to do is get back to the basics of our Constitution. One Nation Under God. One Nation Under Jesus...the  light, the truth, the way....In the mean time, standby for more pain as this plays out. God Bless and help us...   

Wed, 10/06/2010 - 21:09 | 630948 Getagrip
Getagrip's picture

Forgot to mention, there have been four great civilizations in history (up to Euro/America). Babylon, Medo Persia, Greece, and Rome. They all have the same thing in common..Godless, and currently... an archeological dig. How's America doing? 

Wed, 10/06/2010 - 21:51 | 631015 Lower Class Elite
Lower Class Elite's picture

I think you just proved Ryder's original point.

Thu, 10/07/2010 - 05:47 | 631589 RECISION
RECISION's picture

I'm pretty sure that the Roman empire was very Christian.

Which would be why the Vatican is in Rome.


Thu, 10/07/2010 - 10:03 | 632038 Kobe Beef
Kobe Beef's picture

Hate to spoil your point, but the four civilizations you mention had lots of gods. They were very godly. In fact, most of the myths enclosing the Christian religion are borrowed freely from them. Look it up, please.


Wed, 10/06/2010 - 22:00 | 631040 Getagrip
Getagrip's picture

Wonder how many "junk" hits this would have got if I said-One Nation under Allah. One Nation under Mohammed. 

Wed, 10/06/2010 - 22:25 | 631086 Japhy Ryder
Japhy Ryder's picture

How about "One Nation, indivisible, with liberty and justice for all."

The phrase "under God" was incorporated into the Pledge of Allegiance June 14, 1954, by a Joint Resolution of Congress.

It's real purpose had something to do with McCarthy's witch hunt and the Communist threat. LOL




Wed, 10/06/2010 - 23:26 | 631234 Anonymouse
Anonymouse's picture

So you are saying anything adopted in the 1950s doesn't count?  Since the resolution to add "under God" (a phrase picked up from reporter's accounts of the Gettysburg Address) was proposed by the Knights of Columbus, is this really a McCarthy issue?  How so?

FYI, look at the Venona Papers.  McCarthy was right about many of the communists in the government after all.

By the way, the original Pledge of Allegiance was written by a socialist who advocated central planning.

Frankly, if the pledge were to be changed, I would prefer "one nation under God, with liberty and justice for all".  Forget this "indivisible" nonsense.

Thu, 10/07/2010 - 06:08 | 631638 Andrew G
Andrew G's picture

If in'God' we can include Flying Spaghetti Monster I'm all for it.

Sat, 10/09/2010 - 17:24 | 638380 Anonymouse
Anonymouse's picture

That's between you and Chef Boyardee, but that's what freedom of religion is all about, so sure.

Sun, 10/10/2010 - 15:34 | 638381 Anonymouse
Anonymouse's picture


Thu, 10/07/2010 - 12:48 | 632619 Helix6
Helix6's picture

Re: Forget this "indivisible" nonsense.

You mean... you think we'd be better off if we were like the Balkans?  Incessant internal warfare?

It's pretty clear you've never had to live in a war zone.  Anyone who has understands the true meaning of "united we stand, divided we fall".  It's not a place you even want to think about going.

Sat, 10/09/2010 - 17:23 | 638378 Anonymouse
Anonymouse's picture

My point is that the nation should be a voluntary confederation.  If there are significant groups that simply are not compatible, then both would be better off apart.  I say, let the statists take 1/2 (or even 2/3).  They get first choice dividing the country by a straight line in any direction.  The freedom loving side will take what's left (including proportionate amount of debt).  In 10 years, we'll see which side is better off.  I know where I would place my bet.

Sun, 10/10/2010 - 16:55 | 639730 chopper read
chopper read's picture



shall we all meet in Texas, then?

Thu, 10/07/2010 - 00:04 | 631301 Uncle Remus
Uncle Remus's picture

Uuuuuh, no. That will pretty much guarantee blood in the streets.

Thu, 10/07/2010 - 12:00 | 632440 NonAggressionPr...
NonAggressionPrinciple's picture

sorry man but it took only a couple of generations after the writing of the constitution for all hell to break loose and 300,000 people to die in the bloodiest "civil" war up to that time, if i recall correctly.

And that was coming from a time when people didnt look upon the government as some holy entity and most people being so self sufficient that during the course of their lives never had any contact with the federal government.

This experiment had its chance and has repeatedly failed.  It seems chances are good this whole thing is going over the edge and the state will be revealed as what it really is- a gang of thieves, writ large.


You can pray all you want to whatever god you choose but he/she wont save you on this one.


Wed, 10/06/2010 - 19:51 | 630796 rocker
rocker's picture

I'd like to be optimistic and think we could really change the system. I really doubt that "we the people" will.  The elite will not allow it. The Media brainwashes too many sheep. They keep enough rage on both sides that destroys any real unity for good. And now to finalize it. The Supreme Court has dictated that we are controlled by and serve the richest of the world. Money now buys votes. The only way it can ever change is that all the able people are required to vote.

You want change. Figure out how to make every able person vote. Otherwise, forget it. 

Wed, 10/06/2010 - 20:14 | 630840 Getagrip
Getagrip's picture

Actually, try to figure out how to make every abled bodied person work for a living. I'm talking about being willing to do "any" job that pays, not the cherry picked six figure job everyone with a psychology degree thinks they deserve.. 

Thu, 10/07/2010 - 00:26 | 631334 Real Estate Geek
Real Estate Geek's picture

You're not going to pick up any junks talking that way!


Thu, 10/07/2010 - 10:46 | 632128 chopper read
chopper read's picture

Getagrip, you're making too much sense.

Wed, 10/06/2010 - 20:22 | 630861 minus dog
minus dog's picture

Too many moochers to fix things from within the system.  Not going to happen.  People will vote for bread and circuses.

I at least give a lot of the Tea Party types credit for trying.  The whole "waaaah, they're a bunch of angry redneck white bible-thumping racists" meme is just silly, and helps highlight those among us who are still quite gullible and susceptible to nonsense journalism.

Wed, 10/06/2010 - 20:50 | 630916 Getagrip
Getagrip's picture

If you think about it, our founders were a bunch of angry bible thumping "redneck (farmers)" extremists. They were also expats that were considered traitors to the "Crown" to be hung if caught. Let's see... oppressive government and revolution... seems to be a recurring theme...   

Wed, 10/06/2010 - 22:00 | 631035 TBT or not TBT
TBT or not TBT's picture

If instead of choosing to merely "think about it" you'd read, oh, The Federalist Papers, and any number of journals and records by and about the founders, then this ignorant comment would not have sullied your keyboard and our screens.     Redneck bible thumpers?    Good lord.

Wed, 10/06/2010 - 22:42 | 631139 kridkrid
kridkrid's picture

Sadly, you are clueless.  I'm sure that you mean well... but you are clueless.

Thu, 10/07/2010 - 01:36 | 631422 Oh regional Indian
Oh regional Indian's picture

Really though krid? Clueless?

Sure, if you buy mainstream history (a big lie), your comment is valid.

A little wander into the mysts of real history might prove otherwise.

Benny Franklin was a European tool. What more proof does one need that we are at as planned end-game from long ago. This is merely the end of a massive socia-economic experiment. See freemasonary, all of the FF's were FM's. ;-)



Wed, 10/06/2010 - 22:09 | 631053 ATTILA THE WIMP

Peter Thiel is one of Ron Paul’s main advisors (read handler) and Mr. Thiel is a Bilderberger

Thu, 10/07/2010 - 01:06 | 631381 chopper read
chopper read's picture

the beauty is that we already have the Constitution.  we just have to follow it.  


This document gives me faith in America, because i sense in my core that we will return to this document, The Constitution, when the dust settles.  

Thu, 10/07/2010 - 08:10 | 631778's picture

And being an ironic Seinfeldian heckler ain't an option this time.


Not that there's anything wrong with that.

Seinfeld often presents anti-PC and pro-libertarian situations: Kramer joins an AIDS march but is beaten for not wearing the ribbon, Uncle Leo makes ridiculous charges of antisemitism, the series finale mocks "good Samaritan" laws.

Love the Sein.


Wed, 10/06/2010 - 19:28 | 630740 mynhair
mynhair's picture

Tea Party has no religious or party affiliations, you junking moron Libs.

We are for educating you junking types into learning the virtues of the Constitution.


Wed, 10/06/2010 - 20:02 | 630823 weinerdog43
weinerdog43's picture

Why don't you Google the Koch Bros. before you comment, you ass sniffing teabagger.

Wed, 10/06/2010 - 20:14 | 630845 Fred Hayek
Fred Hayek's picture

Is there anything more tired than the liberal who's so full of him or herself that he simply can't believe that anyone honestly opposes him?  They can't possibly have thought things through and disagree with me.  I'm a liberal for god's sake.  They must have been duped by some evil genius.  Ahhh!  The Koch Bros.

The really funny thing about Jane Mayer and her attempt to paint the Koch Bros. as some kind of evil masterminds behind anything libertarian is that just five years ago she wrote a fawning portrayal of how George Soros was funding liberal groups.

The guys at Reason magazine had a good laugh at what insular minded folks Jane Mayer and like minded liberals must be to not see how arbitrary her assigning angels wings or horns is.

Consider opinions other than your own.  Read Reason magazine and see if you think they really give a flying phvck what the Koch's think or say.  And maybe ask yourself why Soros is a good guy but the Koch's are bad guys to you other than team identification. 


Wed, 10/06/2010 - 20:28 | 630870 minus dog
minus dog's picture

It is a hallmark of certain types of political thought that genuine, reasoned opposition to their positions is not possible... you're obviously either evil, an idiot, or both.  Fundamental attribution error.

Wed, 10/06/2010 - 20:44 | 630908 contrabandista13
contrabandista13's picture

All the tea-baggers I know are old frightened superstitious old farts who claim that they want their country back.....  They are all victims of their own devices....  Their fear is real and it should be, because they see the writing on the wall...  Most have coasted through a sweet life of entitlements, now all their illusions are clashing with reality.  They don't want less government, they want a government that's going to bail them out.....


So don't give me any more bull shit about the Tea Party they're just as selfish and narcissistic as anyone else......


"The ratio of douche bags is constant...."


Ciao and fuck off....



Thu, 10/07/2010 - 00:07 | 631304 Uncle Remus
Uncle Remus's picture

Dude, you gotta get out more - like out of the county.

Thu, 10/07/2010 - 08:16 | 631792's picture

All the tea-baggers I know...


I am a tea bagger, an atheist and an anarcho-capatist. It's clear that you don't know me at all.

Thu, 10/07/2010 - 10:54 | 632153 chopper read
chopper read's picture


Wed, 10/06/2010 - 22:45 | 631151 kridkrid
kridkrid's picture

Nice post.  thanks.

Thu, 10/07/2010 - 01:08 | 631382 chopper read
chopper read's picture

the comedy of most 'elitist' liberals is that they believe they are in some upper caste when, in fact, most are 'commoners' and have no idea.  call it insecurity.  hilarious!

Wed, 10/06/2010 - 22:56 | 631175 quasimodo
quasimodo's picture

Teabagger,lol. That was funny.....6 months ago

Thu, 10/07/2010 - 09:53 | 632011 RockyRacoon
RockyRacoon's picture

Well, my hump-backed friend...

Wonder why they call them that?

Wed, 10/06/2010 - 20:25 | 630854 Red Neck Repugnicant
Red Neck Repugnicant's picture



That is why tea party gatherings are such a wide collection of ethnicities, religious backgrounds and political affiliations.

Where was the Tea Party during the Bush administration when the national debt doubled from ~$6T to ~$12T?

Where was the Tea Party when the Patriot Act was signed?

Where was the Tea Party in 2008 when every banker in America was bailed out?

Where was the Tea Party when Bush expanded the budget more than any president since Roosevelt?

Where was the Tea Party (and Palin) when Ted Stevens spent $320 million on the bridge to nowhere?

Where was the Tea Party when Food and Nutrition Assistance (food stamps) grew by 43% from 2000 to 2008?

Where was the Tea Party when the Department of Homeland Security decided to confiscate your shampoo at the airport?

The Tea Party is full of shit. They're nothing but a bunch of angry white hypocrites who feel as though they've lost their voice and power after the atrocity of the Bush administration.  


Wed, 10/06/2010 - 20:26 | 630866 minus dog
minus dog's picture

They were probably at work.

Wed, 10/06/2010 - 23:02 | 631184 Lower Class Elite
Lower Class Elite's picture

Nah.  Most of the "new crop" of Tea Partiers (not all, mind you) were sitting at home watching Fox News and/or listening to AM radio and getting mad as hell at all those godless liberals, Mexicans, uppity Negros, and other socialist Al Qaeda homo evildoers.  It's a great way to pass the time while waiting on your Social Security check or new Medicare card to come in via the US Postal Service. 

Wed, 10/06/2010 - 23:19 | 631219 Red Neck Repugnicant
Red Neck Repugnicant's picture


Or perhaps they were out shopping for white, cone-shaped hats with the $600 that Bush sent them in the Spring of 2008 - shortly before elections.

Hypocrisy/Tea Party/Bigotry 2012

Thu, 10/07/2010 - 00:04 | 631300 DiverCity
DiverCity's picture

You're a small-minded, brainwashed bitch, bitch.  You got something against whites, you pansy bastard?

Thu, 10/07/2010 - 01:23 | 631401 chopper read
chopper read's picture

come on, Red Neck Repugnicant.  lose the label.  you're embarrassing yourself.  really. 

Thu, 10/07/2010 - 09:56 | 632016 RockyRacoon
RockyRacoon's picture

It's Stephen Colbert actually.  Hey, Steven!  Good to see ya.

Thu, 10/07/2010 - 08:19 | 631794's picture

Red Neck Repugnican,

I'm sure glad that you don't discriminate against people based on absurd stereotypes. Please, rule over me!

Thu, 10/07/2010 - 09:57 | 632019 chopper read
chopper read's picture


Wed, 10/06/2010 - 20:48 | 630910 honestann
honestann's picture

The simple answer is... the real ones were working on the RonPaul for president campaign, or similar.  And if you look at your list, you'll find they were just as massively against the policies of the neo-con-jobs and GeorgeBush as they are against the policies of the current set of predators.

You are falling for the scam being perpetrated by neo-con-jobs and other insider republican hacks who say nice things about the TeaParty to attempt to garner their votes.

To be sure, you can find a few misguided nutballs in the so-called TeaParty... just a lot fewer than in the mainstream political parties.

There was a good article recently (on ZH or MW) a couple days ago about the "Tea Party Patriots", which seems to be the largest so-called TeaParty "collective".  You should compare what they say against your gripes.  You might be surprised how much they agree with you.

Or are you just angry because they were not able to stop the abuses of the previous and current predators?  If so, all I can say is "if only it was so easy".

Wed, 10/06/2010 - 21:02 | 630935 ExploitTheMarket
ExploitTheMarket's picture

Indeed... the original tea party was based on Ron's platform...but, of course, the neocons co-opted it. So many on the left just have a knee jerk reaction to anything on the right, but if they stopped being so narrow minded they would see that they have more in common with someone like Ron Paul and the (original) tea party than they do with their own party. Please visit

Thu, 10/07/2010 - 01:27 | 631405 Assetman
Assetman's picture

This.  And the one above it.

The Patriot chapter of the Tea Party represents what is probably core the what the movement is really about-- and nobody really knows what it is.  Well... beides those who attend the meetings and/or visit the website.

Still, the Neocons within the (R)'s have been very effective about co-opting the movement, and the stereotypes that have been labeled by the media has resonated.  The (D)'s have been only too happy to oblige in emphasizing the neocon like "extremism", the Tea Party propots to represent.  

As a result you have a movement with a weak voice with no resonating platform among the electorate.  But that's what can happen when someone high profile can come in an introduce "God, Guns, and No Immigration, Comprende?" into the platform.  It not only dilutes the message, it severely weakens what's core to the platform.

While I'm not in total agreement with the entire Tea Party platform, there is some appeal of returning to the roots of a more Libertarian base, for which the Tea Party does endorse.   It's not perfect, and the are some wacky elements, but...

The viable alternatives are 2 corrupt entrenched political parties-- one intent on pushing a "goverment can do all" socialist agenda; and another hell bent on eroding what civil liberties have left.  Neither have enough self discipline to rein in spending-- and both of these parties have enough amorality to employ facism and crony capitalism as tools to gain more power.  Yeah... that sounds like a winner... how about more of the same?

No thanks... though the mainstream media, I'm sure, would love for me to believe differently.

Wed, 10/06/2010 - 22:11 | 631060 ATTILA THE WIMP

Peter Thiel is one of Ron Paul’s main advisors (read handler) and Mr. Thiel is a Bilderberger

Thu, 10/07/2010 - 01:25 | 631404 chopper read
chopper read's picture

"Socially liberal, fiscally conservative", bitchez. 

Thu, 10/07/2010 - 06:06 | 631633 Boba Fiat
Boba Fiat's picture

I think you could shorten that to "libertarian."

Thu, 10/07/2010 - 09:59 | 632026 chopper read
chopper read's picture

i never do for this reason:

labels are used to divide.  i accept none. 


...but i hear what you are saying.  ;)

Wed, 10/06/2010 - 21:21 | 630965 Getagrip
Getagrip's picture


Wed, 10/06/2010 - 21:40 | 630993 Idiot Savant
Idiot Savant's picture

@Red Neck Repugnicant

Good call. The sad fact of the matter is that it's plain, old-fashioned prejudice. I never thought having a black president would be such a big deal. Sure, everyone will rail against his policies and that's fine. I don't like the guy either. I do however, note a strong undercurrent of prejudice when people speak of Obama.


NOTE: I'm with all the tea partiers that are for smaller government and less taxes. That doesn't seem to be the only objective of tea partiers anymore. You can't claim political/religious neutrality and have Palin as a mouthpiece.

Wed, 10/06/2010 - 23:14 | 631213 TBT or not TBT
TBT or not TBT's picture

"Under"current meaning in this context that you are required to read between the lines/

Thu, 10/07/2010 - 00:41 | 631350 Real Estate Geek
Real Estate Geek's picture

I do however, note a strong undercurrent of prejudice when people speak of Obama.


That's the opposite of what I've heard.  A kook or two at a rally aside, all I've heard is honest criticism. 

Even if people are prejudiced I haven't heard them speaking it; perhaps they're scared of being labeled racists.  And that brings me to your comment.  Comments like yours are designed to supress any criticism of Obama.  Sorry, but Obama doesn't get a pass from criticism just because he's black.

Thu, 10/07/2010 - 01:32 | 631417 chopper read
chopper read's picture

how convenient to call the Tea Party "prejudice".  you must feel like JFK!  grow up.  our President is a militant socialist.  that said, he is just a reflection of his constituents who vary in the race labels they accept from politicians who live off of the 'race feud'.


last time i checked we're all cousins within 30,000 years.  besides, my sister makes Obama look like Rush Limbaugh, so why do i disagree with her?   



Thu, 10/07/2010 - 01:15 | 631390 chopper read
chopper read's picture

its a function of the human mind.  most Tea Partiers voted Republican, and its a lot easier to see the bullshit when you did NOT vote for the candidate in office.  Republicans did not see the erosion of civil liberties because they were blinded by the label they accepted and under which they defined themselves.

Democrats are no different.  they have voted for Obama, and egos, labels, and the sense of self have made them blind to the follies of the current administration.  


Thu, 10/07/2010 - 09:57 | 632020 RockyRacoon
RockyRacoon's picture

Red Neck Repugnicant, you've really made it too complicated.

There is a black man in the White House.  That's all.

Thu, 10/07/2010 - 10:26 | 632073 chopper read
chopper read's picture

are you serious, Rocky?


'whitey' voted for Obama-lama-ding-dong left and moderate, probably because he is American of some African origin.  too bad this milestone in American politics has been overshadowed by the fact that he is a fiscal moron of the highest order (but he's a great talker!).


Folks are tired of President Flounder being generous with their property. 


if you voted for him then i'm sorry.  get over it. 

Thu, 10/07/2010 - 10:39 | 632108 RockyRacoon
RockyRacoon's picture

Contributed to and voted for Ron Paul.

I'm just saying that a lot of the hatred stems from bigotry.

Will you deny that?

Thu, 10/07/2010 - 10:58 | 632167 chopper read
chopper read's picture

good man.


a lot of bigotry stems from self-hatred. 

Tue, 10/12/2010 - 00:39 | 642526 RockyRacoon
RockyRacoon's picture

a lot of bigotry stems from self-hatred.

Without doubt.   Probably 90% or more.

Wed, 10/06/2010 - 22:24 | 631084 Getagrip
Getagrip's picture

Hang in there. Lot's of "hit's" means your stirring emotions. Many folks have no idea what TEA even stands for, let alone the parallel to the original tea party revolt in Boston over taxation without representation. 

Thu, 10/07/2010 - 11:00 | 632170 TheAkashicRecord
TheAkashicRecord's picture

Blah blah Constitution blah, it binds us metaphysically (maybe), but contractually, it's pretty ridiculous to suppose that.

Wed, 10/06/2010 - 20:40 | 630897 Souverainiste
Souverainiste's picture

Funnily enough, Doug Casey just did an interview about the tea party.  Here's a taste:

The problem with the Tea Party movement is that it has no underlying philosophical basis. Without that sound foundation, it's either going to fail or transform into something really ugly. On average, Tea Party members know something is wrong. They're disgruntled, and they want change. Not the Obama type of change – but what? You just don't know which direction they may go, and there are some very disturbing directions they could end up taking.


Wed, 10/06/2010 - 21:34 | 630989 Getagrip
Getagrip's picture

Two things. Casey is a professed atheist and, as such, has no credibility since he can't even decide if God exists (despite all the evidence). If A "disgruntled" electorate wants to take out the trash, I don't care what they call themselves. NOV 2-Take out the trash day....  

Wed, 10/06/2010 - 23:31 | 631245 cartonero
cartonero's picture

An atheist is someone who has decided there is no god.  You're thinking of "agnostic" which is someone who is not sure.  As someone said, you really are clueless.  But you're not alone.  It's pathetic that these discussion threads devolve into such axe-grinding chatter.

Thu, 10/07/2010 - 01:18 | 631394 chopper read
chopper read's picture

...i was going to say that there is no god, gods, or other imaginary friends, but we're getting off topic.  nevermind. 

Thu, 10/07/2010 - 01:45 | 631437 Oh regional Indian
Oh regional Indian's picture

Hey Chopper, there is a god, only different ;-)



Thu, 10/07/2010 - 10:28 | 632077 chopper read
chopper read's picture

"Getting Over Death."



Thu, 10/07/2010 - 05:40 | 631561 doggings
doggings's picture

I am a militant agnostic.. 

"I dont know, AND NEITHER DO YOU!"

although I probably tend to lean towards the lack of invisible super-best friends.

Two things. Casey is a professed atheist and, as such, has no credibility since he can't even decide if God exists (despite all the evidence)

and this, WTF? evidence? of what? they definitely need to sort the capcha out on here it's letting all types of numpties in.

Thu, 10/07/2010 - 06:09 | 631641 Boba Fiat
Boba Fiat's picture

Q:  What's an agnostic dyslexic insomniac?


A:  Someone who stays up all night wondering if there's a dog.

Thu, 10/07/2010 - 11:02 | 632176 chopper read
chopper read's picture

you do not need an "invisible super-best friend forever" (that is hilarious!) to believe in freedom and individual rights (as opposed to "group rights").


D-E-C-E-N-T-R-A-L-I-Z-E, bitchez. 

Wed, 10/06/2010 - 18:20 | 630606 Japhy Ryder
Japhy Ryder's picture

For a minute there you bored me to death.




Sorry......I must have been thinking about that hot chick in the tank top.



Wed, 10/06/2010 - 19:29 | 630742 mynhair
mynhair's picture

Huh?  Where?  Dam, missed another one.

Wed, 10/06/2010 - 18:22 | 630611 Blindweb
Blindweb's picture

And the really bad news:

Any moves of recovery out of the greater depression will bring on an epic energy crisis.  I don't see much investment in natural gas, nuclear, coal, wind, and solar coming up any time soon. 

Wed, 10/06/2010 - 22:43 | 631145 Japhy Ryder
Japhy Ryder's picture

The "elites" running this world have required economic growth at ALL costs.  And because they have gone in to serious debt in hopes of achieving growth, now they REALLY require economic growth.  And now it seems the only way is to inflate our way out of debt.

Either way, commodites will skyrocket and destroy any chance of growth (real or fake).



Wed, 10/06/2010 - 18:31 | 630623 cougar_w
cougar_w's picture

Interesting take. I wouldn't call this guy alarmist though.

You cannot be an alarmist unless you begin and end your thesis with the sentence "Because we are running out of the life-blood of 150 years of global industrial expansion and GDP growth; OIL"

Which is not even alarmist -- it's simply correct -- but it will earn the alarmist tag. Which is where you get started with reality. If you are not alarmed then you are still drinking the Koolaid. Reality is down the hall just past horror and this side of raging insanity.

Our reality. It has nothing to do with wages or monetary policy or balance of trade or spending or QE to the moon or anything else fucking abstract. Abstractions (outside of religion) don't kill you. Running out of ImportantShit (tm) will kill you. There's your reality; we burned through all the ImportantShit and had no PlanB.

I know, what business do I have coming to abstraction central and spouting off about reality. I'm just that way I guess. I yelled at a guy today for running a stop sign and nearly hitting me on my bike. He thought I was nuts, but he's not even living in a real world, just his personal fantasy of speed and perfection . But reality is out there folks with her pretty claws and pretty fangs, and she's coming to get you, and when she catches you she's gonna eat you alive. It will start with banking and abstract fears and it will end with dirt, because in the end a patch of dirt is what reality gives you.

But that's okay. In the dirt is where it all started in the first place.

See where your shadow fell? That is yours. Reality's gift, to you.

Wed, 10/06/2010 - 20:37 | 630886 honestann
honestann's picture

Your exactly right --- abstractions can't kill you.

But humans who take abstractions seriously sure can, and do so in droves.  Or to put it another way, the blatant abstract fiction that is "government" cannot kill you, or impact you in any way whatsoever... because there is no referent to that or any fictional idea/concept.

However, a human being walking around with a gun, bullets, uniform and a badge with that fiction inside his head is damn dangerous.  He certainly can kill you, and deep inside most of the freaks the predators-that-be hire today want to abuse you or kill you.  The idea is bogus, but the practitioner is real.

That's where the danger is.  Not the fictions themselves, not the abstractions themselves, but the billions of insane humans who take real, physical actions based upon utterly bogus ideas.

The most dangerous part of the modern world is this.  The few humans who remain alert, honest, ethical, creative and productive have been shafted, ignored, cheated, thwarted and denigrated so thoroughly for so long now, they do not feel empowered to fix anything.  And after being screwed over for so long, they're probably in no mood to "save everyone".  Furthermore, the predators-that-be will say and do anything to hide the fact that the honest and productive humans even exist, much less "ought to be asked for advice", much less be allowed to fix what's broken.

The only two viable solutions are:

#1:  full-bore liberty and individualism... where everyone is free to think and do anything whatsoever within their own domain (their own life and property), and then enjoy/bare/suffer ALL consequences of their own actions, and enjoy/bare/suffer ZERO consequences of the actions of others.

#2:  cheap space travel... where alert, honest, creative, productive humans can go and "start over" in a new frontier.  In effect, #2 is simply a way to achieve #1.  Perhaps other ways exist to achieve this goal.  Perhaps floating communities on the open oceans, outside the jurisdiction of the current crop of predators-that-be.  Or perhaps something similar attached to underwater mountaintops.  Or perhaps something similar underwater.

Personally, I believe the predators-that-be will take any and every action to stay in power.  To be sure, the current crop of jack-booted-thugs will follow the orders given to them by these predators.  What is not certain is whether a majority currently in the US military would overtly abuse americans in the USSA.  Some say "no way".  Others remain silent.  At least a few are willing storm troopers.

Fact is, most humans are terrified of reality... especially americans.  They shouldn't be.  Reality is wonderful, in a rather neutral sort of way (treats everyone the same, doesn't listen to argument, etc).  What is not wonderful is humans... from the crazed predator-that-be authoritarians to the millions of utterly braindamaged fools who actually believe other humans or organizations have legitimate, ethical authority to tell us what to do, tell us what not to do, steal an arbitrary portion of our pay and assets, etc.

In other words, the solution is... get real.

Unfortunately, the vast majority of humans would rather die than get real.  And they will.

Wed, 10/06/2010 - 20:50 | 630918 Rusty Shorts
Rusty Shorts's picture

"#1:  full-bore liberty and individualism... where everyone is free to think and do anything whatsoever within their own domain (their own life and property), and then enjoy/bare/suffer ALL consequences of their own actions, and enjoy/bare/suffer ZERO consequences of the actions of others."



Thu, 10/07/2010 - 10:14 | 632047 RockyRacoon
RockyRacoon's picture

You lost me at the space travel thingie.  It requires all of the things we abhor to achieve that.  (Yeah, it's arguable.) 

Step number one in any plan of action to resolve the mass apathy will be to rid ourselves of the psychotropic drugs.  We aren't going anywhere all doped up.

Sun, 10/10/2010 - 02:09 | 638949 honestann
honestann's picture

You probably infer I advocate government programs to make space colonization practical.  I don't.  If that makes that solution take longer, tough cookies, but it's worth it.  My purpose was simply to point out that humans seem to need a frontier to make healthy progress possible.  They shouldn't... simply hanging all practitioners of those who practice massive fraud, treason and crimes against humanity would work too.

As someone who decided never to drink or smoke when I was 4~8 years old (and stuck to it), I certainly sympathize with your attitude about mind altering drugs.  My motivation was multi-purpose, but dominated by a desire to always be as aware as possible, and not waste oodles of money on something useless.

OTOH, I am not an elitist, statist or authoritarian.  I have no legitimate right to tell anyone else what they must or must not put in their bodies.

The bottom line is, the solution is to allow everyone to do anything they wish with their own life, time, effort and property... then let them enjoy/bare/suffer ALL the consequences of their actions, and enjoy/bare/suffer ZERO of the consequences of actions taken by others.

This is the solution to more than most people today can even imagine.  After a while, people will see who is doing well and who is doing terribly and notice what actions led to their success and enjoyment or their failure and pain.  That will attact most people to adopt the actions that lead to success and enjoyment --- as long as no alternative exists.

This last phrase is crucial.  Only when people cannot jigger the system to "gain the unearned" or "avoid the consequences of their own actions" will they exhibit honest, rational, productive behavior.

This is "liberty" and "individualism"... the only solution.

Tue, 10/12/2010 - 00:43 | 642530 RockyRacoon
RockyRacoon's picture

... humans seem to need a frontier...

Thank you for your kind response.  I see your point of view but new frontiers are just another place for the human race to drag its problems.   I believe Jon Kabat-Zinn said it best:

Wherever you go, there you are
Tue, 10/12/2010 - 22:52 | 645176 honestann
honestann's picture

Wherever you go, there you are.

You certainly got that part right.

However, a frontier is a place where:

Wherever you go, there government is not.

The nice thing about space (over those other alternatives) is that space is so astronomically huge, the predators-that-be cannot not afford the energy and spacecraft to find (much less tax, chase, enslave, overwhelm) those who build their hidden settlements in/on/behind any number of the millions of asteroids (for example).

In other words, space is not only "the final frontier", space is "the permanent frontier" (where the state cannot function).  NOTE:  If the fiction known as "warp drive" could exist, my observation and analysis would be incorrect.  Fortunately (and unfortunately, but in other ways), "warp drive" cannot exist, and hence space will remain "impossibly huge" and thus unsupportive of "government".

Thu, 10/07/2010 - 10:41 | 632113 Kobe Beef
Kobe Beef's picture

Thank you honestann!

Your post & the Casey article are the two clearest pictures I've seen written down on this subject in a long time.

Get real & work toward a useful alternative to the Kill-Em-All-9000 system we got now. It does not matter what we dream. It matters what we do.


Thu, 10/07/2010 - 11:21 | 632247 chopper read
chopper read's picture

However, a human being walking around with a gun, bullets, uniform and a badge with that fiction inside his head is damn dangerous.  He certainly can kill you.

read: Bereau of Alchohol, Tobacco, & Firearms?

Thu, 10/07/2010 - 19:44 | 633996 honestann
honestann's picture

... and all cops and cop-like types.

Fri, 10/08/2010 - 10:00 | 634930 chopper read
chopper read's picture


"just following orders".

Wed, 10/06/2010 - 22:01 | 631039 SWRichmond
SWRichmond's picture

I yelled at a guy today for running a stop sign and nearly hitting me on my bike. He thought I was nuts, but he's not even living in a real world, just his personal fantasy of speed and perfection . But reality is out there folks with her pretty claws and pretty fangs, and she's coming to get you, and when she catches you she's gonna eat you alive.

I got some news for you, honey.  If you're on a bicycle and you yell at someone in a three thousand pound 150 horsepower steel vehicle, you ARE nuts.  And I hope not, but if you keep that up one of these days that reality you tried to speak of eloquently is gonna eat YOU.

Thu, 10/07/2010 - 01:20 | 631396 cougar_w
cougar_w's picture

So typical. Might makes right. Like mechanical power is everything.

Does it change anything if I'm a 6'2" 220 pound male? It shouldn't. There is doing what is right, and there is fantasy of power. I'm doing the right thing, riding my bike. All else is illusion born of Detroit marketing. A death cult of soft people hiding in hard shells.

Someone may actually hit me some day. I guess they'll kill me. Just another statistic, in the big picture. But the prospect of dying makes me angry, so I fight them for the right to live another day. Their 150 HP shells don't impress me.

So far, I'm winning. Imagine that.

Thu, 10/07/2010 - 01:48 | 631440 Assetman
Assetman's picture

Reality = Tie

Fantasy = Winning

You win when there are no more 150hp shells to dodge from.

When you live another day, getting a tie is not a bad thing... as you might win in the long run.

Or... You could lose in an instant.

Ultimate Reality = We're all dead

Even those driving the 150hp bullets.


Thu, 10/07/2010 - 07:59 | 631752 SWRichmond
SWRichmond's picture

So typical. Might makes right. Like mechanical power is everything.  Does it change anything if I'm a 6'2" 220 pound male? It shouldn't. There is doing what is right, and there is fantasy of power. I'm doing the right thing, riding my bike.

I used to ride a motorcycle.  People don't look for motorcycles on the street.  They glance around for bumper, grill, headlights, doors, etc.  If they glance in their mirrors, or even ahead of them, and don't see this thing of size, they conclude there is nothing there.  I have made eye contact with drivers stopped and waiting to make left turns coming in my direction, who then pulled in front of me and made their from-stop turn across my path.  I've had more people take my lane from me (try to kill me with their 150 hp shells) than I care to recount.  You've missed my point entirely, no doubt out of anger.  You will be right, but you will be dead right, or crippled right.  Is that what you want?  I stopped riding my motorcycle because it isn't safe.

I can offer you one alternative: wear a pistol.  People won't see you or the bike, but they will see the pistol.  This works amazingly well.  But if you have anger issues, which you seem to (maybe just having a bad day?), then you probably shouldn't carry a gun.



Thu, 10/07/2010 - 11:26 | 632272 chopper read
chopper read's picture

i'm a big fan of bicycles. 

...self-righteous cyclist - not so much. 

Wed, 10/06/2010 - 18:32 | 630631 NOTW777
NOTW777's picture

was this written by norm of Cheers fame?


guess we have to have a stinker every once and awhile.  maybe cnbc would be interested

Wed, 10/06/2010 - 18:33 | 630632 michael.suede
michael.suede's picture

I think this guy is making some classic errors of economic analysis, particularly as it relates to free trade driving down wages.

It is not necessary for American wages to suppress down to the level of the Chinese simply because the Chinese laborers will work for less dollars.  There is a lot of overhead involved in conducting foreign production of goods as well as the fact that specialization will retain the things America is efficient at producing here.

While this wage depression might indeed happen, it will not be because of free trade with China or any currency manipulation.  It will happen because America's capital stock of savings has been destroyed by the central bank.

We have already experienced the inflationary boom, and the market is trying to correct with a deflationary depression right now.  This is being prevented from happening by the central bank's epic debt monetization programs.

This will end in hyper-inflation.

Wed, 10/06/2010 - 18:39 | 630650 cougar_w
cougar_w's picture

some classic errors of economic analysis

Economic analysis is a classic error. Entirely. The only way not to screw it up is to not do it at all.

Thu, 10/07/2010 - 00:52 | 631369 Real Estate Geek
Real Estate Geek's picture

It is not necessary for American wages to suppress down to the level of the Chinese simply because the Chinese laborers will work for less dollars.  There is a lot of overhead involved in conducting foreign production of goods as well as the fact that specialization will retain the things America is efficient at producing here.

Unfortunately, the entire workforce can't be employed by the weapons, entertainment, and commercial aircraft industries.

Thu, 10/07/2010 - 01:23 | 631400 cougar_w
cougar_w's picture


Let's think about that a moment. What would that look like?

Well I guess it would look a lot like Germany in 1933. So there's a good benchmark for what comes after.

Thu, 10/07/2010 - 11:34 | 632317 chopper read
chopper read's picture

fiat bubble.  run for your lives.

Wed, 10/06/2010 - 18:36 | 630641 NOTW777
NOTW777's picture

if you dont know what you are talking about, use at least 100,000 words

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