Guest Post: Prove The Mayans Right - Address Structural Economic Problems With Chicanery

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Mon, 02/21/2011 - 13:50 | 982111 NOTW777
Mon, 02/21/2011 - 13:53 | 982122 reader2010
reader2010's picture

This guy's got it half-right.

Mon, 02/21/2011 - 13:54 | 982126 hugovanderbubble
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Nice post

Mon, 02/21/2011 - 13:53 | 982128 doomandbloom
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lets not involve the Mayans in this...their predictions have nothing to do with economies.


the economic game is created by us......the whole system needs to be changed...not just buying silver...or gold. The concept of what we are doing on earth itself...

Mon, 02/21/2011 - 13:58 | 982148 Xibalba
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Mon, 02/21/2011 - 14:09 | 982186 Piranhanoia
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Mon, 02/21/2011 - 13:55 | 982136 Michael
Michael's picture

Pass the "Universal Bankruptcy Act of 2011" immediately.

This will cut the USA off from the rest of the world and end the wars.

We can pump the oil fields in the US as per Lindsy Williams and get all the oil we need.

We have plenty of coal and natural gas for all the electricity we need.

Next comes the revitalized production of consumes goods manufacturing in the US for all the jobs we need.

This is the only thing that can save the USA. 

Mon, 02/21/2011 - 14:41 | 982273 thetruth
thetruth's picture

I haven't really thought it through but that might be the best idea I have heard in a while.  Imagine if we withdrew all of our military, stopped sending our money around the world and started making everything here.  Cut government so that there is no new debt and therefore no need to borrow anything.  If you don't need to borrow then your credit rating doesn't really matter... 

Mon, 02/21/2011 - 14:54 | 982333 rwe2late
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 The globalist corporations, global Pentagon, and international banksters will be the first to endorse anything close to that plan.

sarcasm off/

Mon, 02/21/2011 - 14:54 | 982334 chubbar
chubbar's picture

Yeah, that may be good for you and I and the rest of the country but what about the Illuminati? What would they do for fun if the U.S. wasn't available to fuck with the rest of the world?

Mon, 02/21/2011 - 15:41 | 982508 thetruth
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Mon, 02/21/2011 - 15:00 | 982363 snowball777
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Is there anything too stupid for even you to believe?

Mon, 02/21/2011 - 21:40 | 983744 collinar
collinar's picture

Put this guy in charge. He knows what to do!

Mon, 02/21/2011 - 13:56 | 982141 rosiescenario
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"Clearly our problem is debt and there is only one historically way to fix too much debt and that is to restructure."


....lets just take the easier, softer way...and politically expedient: lets just inflate our way out of this has always worked in the past...maybe Ben's POMO needs to be turbo'd?

Mon, 02/21/2011 - 13:59 | 982153 NOTW777
Mon, 02/21/2011 - 14:01 | 982156 reader2010
reader2010's picture

I bet $5.

Mon, 02/21/2011 - 14:05 | 982173 NOTW777
NOTW777's picture

socal is already 3.75ish

Mon, 02/21/2011 - 14:19 | 982212 reader2010
reader2010's picture

We need see a revolution in China to bring down their demand if we really want to lower the oil price. But, that's not in the interest of our ruling elite.

Mon, 02/21/2011 - 14:25 | 982227 Thorny Xi
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$3.40 in western CO, Diesel about 30 cents higher

Mon, 02/21/2011 - 14:03 | 982163 PulauHantu29
PulauHantu29's picture

I'm too busy watching Balloon Boy re-runs. Sorry.

Mon, 02/21/2011 - 14:04 | 982172 topcallingtroll
topcallingtroll's picture was all a debt induced fantasy and greatest stock market of all time, but the 1990's was the greatest decade ever for the usa.

We were mostly liked, mostly wealthy, mostly working, and my only worry was if I would be able to retire in luxury at 55 or 58. The USSR had disappeared and Boris Yeltsin was our friend.

It was the best of times. Everyone should get a chance to live in a mania at least once. I hope I get another turn.

Mon, 02/21/2011 - 16:53 | 982730 duncecap rack
duncecap rack's picture

It's too bad you have the two term limit for presidents. Clinton was better than Bush or Gore an I think he could have won easily. Things might have worked out better.

Mon, 02/21/2011 - 14:05 | 982175 snowball777
snowball777's picture

Nice post, but you left out the MIC, a prime driver of debt and oil demand.

Mon, 02/21/2011 - 14:45 | 982294 rwe2late
rwe2late's picture

The failure to mention the MIC, I think, is no oversight.

 What's wrong with all the strictly financial\monetarist analyses is that they fail to consider what is worthwhile to produce.

Only to an accountant does being profitable equate to being good.

In their profit/loss world everything and everybody becomes a commodity.

Caring for the elderly? Naah, that's just stealing from the "productive workers". And of course, to an accountant, the "productive workers" are the ones who have the money. And what 1% has most of the money? Heaven forbid a bankster CEO be taxed, that would only be "theft" to support the "welfare dependency" of the unproductive (such as by providing schooling for children, or monitoring public water and sewage standards).

 Some restructuring is needed all right, restructuring of the concentration of wealth and power that precludes any democracy.

Mon, 02/21/2011 - 14:57 | 982352 snowball777
snowball777's picture

I consider it a form of Stockholm Syndrome...or analogous to middle children picking on the younger ones. It's like they don't recognize that there are agri-biz and insurance companies at the "trough" too.

Simple logic test: how do people with no economic power continue to "get their way" in each and every election (and often without even voting)?

Mon, 02/21/2011 - 15:11 | 982409 Beam Me Up Scotty
Beam Me Up Scotty's picture

The problem is on both ends of the spectrum.  The so called "poor" dont even pay taxes.  Where is the incentive for them to want taxes to be reduced?  Or the incentive for them to want less government waste?  Answer?  There is none.

Mon, 02/21/2011 - 15:52 | 982543 rwe2late
rwe2late's picture

 You are incorrect to say the "poor" pay no taxes.

There are many regressive local taxes and fees. The SS and Medicare payroll taxes are also regressive. The matching employer "contributions" are arguably met by lowered wages.

What government "waste" are you most concerned with?

It does appear that the wealthiest have the biggest stake in the continuance of the biggest waste (MIC profiteering, Bankster handouts, pharmaceutical and health insurance markups)

and the "poor" the greatest stake in the continuance of what most non-accountants would not consider "waste" (public schools, elderly pensions, public transportation, public health care, public water and sewage, public parks, to name a few).

Mon, 02/21/2011 - 17:09 | 982770 RichardENixon
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Jeez, why do you have to keep hammering accountants? Those of us who do our job correctly are just trying to keep score.

Mon, 02/21/2011 - 23:01 | 984019 GoinFawr
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Alternately I personally know a tax lawyer who charges six hundred bitz of pretty polly/hour exempting from taxation anyone who pulls in seven figures or more.

She's not always 100% successful, but she can't be doing that badly: business is booming.


@Beam me Up: Price inflation is a tax that even the poorest can't escape. Guess who it hurts the least.

Mon, 02/21/2011 - 14:05 | 982176 Salvatore CFA
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Wasn't that Krugman's nickname at MIT ?

Mon, 02/21/2011 - 17:10 | 982774 RichardENixon
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Hmm, I was always under the impression it was Willy Wanker.

Mon, 02/21/2011 - 14:06 | 982177 NOTW777
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one of the root structural defects is the madrasa culture of american universities; turning out brain washed, entitlement minded "citizens"

Mon, 02/21/2011 - 16:52 | 982681 Waterfallsparkles
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Really. The people on Welfare are living like kings. In a way you cannot blame them.  Their life is a lot better than people that work.  They get a Government Check every month.  They get food stamps or the freedom card, access to food pantries, energy assistance (they do not have to pay energy bills), free cell phones, Section 8 housing (which the Government pays for), free Medicaid with no deductible, and no worries.  Every month their accounts are automatically filled with money from the Government.  The people that pay for it are working stiffs that cannot hardly feed their family's or pay for health care, much less their house mortgage payment.

They get to watch tv all day, sit on the porch, watch the sunset, go to the park, any thing they want.  They have no demands made of them or of their time.  They just enjoy life, do what they want and have the Government send them money for nothing.  Every thing people want to do when they are retired.  But, these people have retired before they even went to work. They never even paid into the system, just usurped it and drained the life out of it and every American that works.

Plus, no taxes on the benefits they get.  They totally get a free ride.

So, who is really better off?

Mon, 02/21/2011 - 21:35 | 983729 snowball777
snowball777's picture

Sure, they live in the nicest neighborhoods, have access to the best schools, get treated quickly at the best hospitals, and just think how much food you can buy with $668 for a family of 4 for a month...especially when there aren't any cost of living adjustments when prices skyrocket. Mmmmm boy.

If it's so awesome, give it a try, dickhead.


Tue, 02/22/2011 - 08:20 | 984625 johnnynaps
johnnynaps's picture


But I have met a welfare milker who could make a person making $35,000 a year look like a dope! $700 a month for food, $700 for housing, free medical for her and the 3 children, part-time employment making $1100 a month and an $8500 tax return which equates to roughly an additional $700 month! - I know because I was her boss/employer!


Tue, 02/22/2011 - 12:26 | 985459 GoinFawr
GoinFawr's picture

What a great anecdote! Too bad about the glaring contradiction that makes it look like utter twaddle.

Try again!

Mon, 02/21/2011 - 14:18 | 982209 TruthInSunshine
TruthInSunshine's picture

Let us be honest, all around.

While I can't support booing or treatment this veteran rudely, who is closer to reality in their assessment of the fact:

those who believe that we/they are fighting in Afghanistan for some truly noble purpose on the altar of some American Principle(s), or those who believe that the war machine in the U.S. is a sham, motivated in part (or maybe all) by a corporate oligopoly and an elite class that profits from needless war, and views human misery and death that results from it as just 'the price to be paid' to make money and advance very parochial interests (having nothing to do with any noble ideals whatsoever)?


Mon, 02/21/2011 - 14:20 | 982213 fragrantdingleberry
fragrantdingleberry's picture

My neighbor has a WW2 Sherman tank in his drive way. He can't get any shells for the cannon but he thinks he can start it up and move it into his front yard and threaten the rioters. I think he's nuts.

Mon, 02/21/2011 - 16:18 | 982596 Moe Howard
Moe Howard's picture

He should be able to easily rig up a jellied gasoline squirter using the barrel. A flame throwing tank should make a rioter think a bit before attacking. Remember the old proverb:

"Light a fire for a man, and he shall be warm for a few hours. Light the man on fire, and he shall be warm for the rest of his life."

Mon, 02/21/2011 - 14:23 | 982223 Caviar Emptor
Caviar Emptor's picture

The first shots in The Oil Wars are being fired today in Libya. From this point on, competing nations will act to "protect their energy security interests". There's too much at stake simply to sit back smugly. There are too many risks. Developed nations that sit on the sidelines risk having an energy disaster. Those who were favored under the old arrangements stand to lose a lot. And opportunities for profiteering have just cesquicentupled in a matter of a day. Be prepared. 

Mon, 02/21/2011 - 14:26 | 982231 bugs_
bugs_'s picture

for you longs i just wanted to point out that the Mayan chartists figured the long count would end in Dec 2012.

Mon, 02/21/2011 - 14:38 | 982266 NOTW777
NOTW777's picture

the mayans dont know

"No one knows about the day or hour, not even the angels in heaven, nor the Son, only the Father. Be on guard! Be alert! You do not know when the time will come.

Mark 13:32, 33

Mon, 02/21/2011 - 15:21 | 982442 fragrantdingleberry
fragrantdingleberry's picture

Kind of like waiting for Godot.

Mon, 02/21/2011 - 15:47 | 982523 Moe Howard
Moe Howard's picture

Or waiting for my wife.

Mon, 02/21/2011 - 14:28 | 982242 johnQpublic
johnQpublic's picture


gallons of gas denominated coins

Mon, 02/21/2011 - 18:25 | 983075 SilverRhino
SilverRhino's picture

I would love to have coinage denominated in gallons of petroleum.   1 coin / 1 gallon no matter the price?  I'm sold on it. :-)

Mon, 02/21/2011 - 14:33 | 982257 Ying-Yang
Ying-Yang's picture

Thank you Davos Sherman Okst. Well stated.

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