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Guest Post: The Ruling Elite Called

Tyler Durden's picture


Submitted by Jim Quinn of The Burning Platform

The Ruling Elite Called

I just got off the horn with the Ruling Elite. We had an
emergency conference call and to tell you the truth, they ain’t happy.
You little people are not responding the way you are supposed to. A
significant portion of you are not getting more optimistic because they
tell you to. Instead of just reading the headline on Bloomberg that
durable goods orders skyrocketed in June, you actually read the details
that said durable goods orders plunged. It is getting difficult for the
ruling elite to keep the masses sedated and dumbed down. These damn
bloggers, with their facts and critical thinking, are throwing a wrench
into the gears. Obama and his crack team are working round the clock to
lock down the internet, but it will take time. Not that they are
totally dissatisfied. They’ve been able to renovate their penthouses
and purchase new mansions in the Hamptons with the billions in bonuses
you supplied through TARP. The $1.2 trillion supplied by your children
and grandchildren to buy up toxic mortgages off their balances sheets
was a godsend. They will never call you suckers, to your face.

Their spirits were buoyed by the 2,600 pages DONK (Dodd/Frank)
financial reform bill. So many loopholes, so little time. Obama and his
crack team of Obamanistas in the White House, supported by their
mouthpieces in the mainstream media, have been able to easily
manipulate the non-thinking masses into believing this bill would have
stopped the last financial crash and will stop the next one. The
Ministry of Truth has been working overtime utilizing Federal Reserve
paid shill economists like Alan Blinder and Mark Zandi to perpetuate
the myth that the actions taken in the last 18 months have averted a
Depression, saved 8 million jobs, created a long-lasting recovery,
wiped out Swine Flu, and earned Paul Krugman a nobel prize in fiction.

This is where we have a problem. The worshippers of Keynes, that
rule the country, are pissed off at you. Don’t you realize that
government spending of your money, borrowed from the Chinese, with the
bill passed to your grandchildren, was supposed to reinvigorate your
animal spirits. They handed you other people’s money to buy cars and
homes and what do you do? You stop buying cars and homes as soon as
they stop paying you to buy cars and homes. You ungrateful bastards.
Bennie has been hugely successful at ruining the retirements of
millions of grandmothers by paying them .20% on their money market
accounts while forcing mortgage rates for 30 years down to 4.5%. And
still you don’t buy houses. Timmy has instructed Fannie Mae to make
home loans to anyone with a pulse who can make an X on a piece of
paper. No money down, no proof of income, no assets. Just like the good
old days. Still you don’t buy houses. What is wrong with you?

The criminal banking elite have more than bent over backwards to get
this economy humming. They have patiently stood by while you haven’t
made your mortgage payments for two years while still residing in the
house. They’ve pretended to go along with the brilliant HAMP (Home
Affordable Modification Program) plan, masterminded by the rocket
scientists in the White House. Just because virtually no one has been
able to qualify for the plan and the redefault rate is 75%, doesn’t
mean it hasn’t worked wonders for the economy. The awesome part of not
making people pay their mortgages is that they were able to make
payments on their credit cards. That allowed the mega elite banks to
pretend that consumers are flush and relieve their loan loss reserves
while not writing off the bad mortgages and reporting billions
in profits for the 2nd Quarter. It is good to be the ruling elite.

The ruling elite are letting you slide on your mortgages and you
have the gall to withdraw $20 billion from U.S. equity funds and not
buy into this fake stock rally. Don’t you realize that when the stock
market goes up, the economy follows? Everyone knows this. But, instead
you sit on the sidelines and refuse to invest in the stock market. The
super computers of the mega-banks are getting tired of trading with
each other and single-handedly making the stock market appear safe.
Just because the ruling elite have vaporized $10 trillion of your net
worth in the last two years, you hold a grudge? Remember the mantra
“Stocks For the Long Run” that the ruling elite burned into your brains
through CNBC and the rest of the shillstream media? Why are you so
suspicious of our advice. Ignore the fact that the S&P 500 today is
at the exact level it reached on March 24, 1998. They meant the really
really long term.  

Here is the message from the ruling elite to you ignorant masses: Debt got us into this mess and it sure as hell is going to get us out.
They have convinced the mainstream media that the reason the economy is
sputtering is because the average Joe is not doing their part. This
crazy concept of saving for a rainy day seems to be catching on. This
is very dangerous. Savings could lead to investment and long-term
stability. The ruling elite will have none of that foolishness. The
mainstream media is telling you that this new found austerity will push
us back into recession. The talking heads continue to pound away that
you have reduced your spending too much, when anyone with a calculator
and half a brain (Krugman doesn’t make the cut) can determine that the
decrease in consumer debt outstanding is completely the result of
write-offs by the mega elite banks. Consumers are living off their
credit cards at this point.

The military industrial complex continues to do the heavy lifting
for this economy. If they weren’t blowing up bridges, power plants and
orphanages in foreign countries and then rebuilding them at ten times
the expected cost, how would they possibly spend $895 billion per year.
It ain’t easy to waste that kind of money annually. Whenever some crazy
dude like Ron Paul questions the need to spend as much as the rest of
the world combined on the military, some potential terrorists are
captured in the nick of time and the threat level is raised to Orange
(thanks Tom Ridge). The “professional” journalists on the major
networks then do their part in this farce by spreading fear among the
general population. Rinse and repeat.

So, we now find ourselves at the edge of the abyss again. The ruling
elite have a great plan. It involves more debt, more stimulus, more
printing, more accounting fraud, more pain for the masses, and of
course more bonuses for Wall Street. If you, the little people, will
just follow this 10 step plan, the ruling elite will be just fine:

  1. Stocks are undervalued according to the same “experts” who told you
    they were undervalued in October 2007. Take out a loan and buy
    mega-banks stocks, commercial real estate developers, and bankrupt car
  2. General Motors, in a brilliant strategic coup, has bought 
    “subprime” auto loan company Americredit. What else does a
    government/union owned car company need? The fact that GMAC has lost
    $10 billion of taxpayer funds in the last year shouldn’t worry you
    about your investment in GM. If you can’t sell cars to people with no
    income, no job and no prospects for repaying the seven year 0% loan,
    who can you sell a car to. When the government pays Goldman Sachs
    millions to convince you to buy the stock of GM in its Fall IPO, ask no
    questions and just buy buy buy.
  3. Ignore the fact that Citicorp, Bank of America, and Wells Fargo
    would be declared insolvent if the FASB had not caved into threats from
    the Federal Reserve and Treasury. Just buy their stocks. Trust Wall
  4. Enough austerity already. You haven’t bought a new HDTV in six
    months. It’s like you’ve been living in a 3rd world country. If you
    have any equity left in your house, borrow against it and buy something
    big and glitzy. Make sure you show it off to your shallowest neighbors.
    They will go out and buy something bigger and glitzier on credit.
    Before you know it we have a recovery. Keynesianism 101.
  5. Stop frequenting financial blogs like Naked Capitalism, Credit
    Writedowns, Dollar Collapse, Market Oracle, 321Gold, Jesse’s Cafe
    Americain, Of Two Minds, Zero Hedge, Mike Shedlock, or Barry Ritholtz.
    These sites will just shower you with facts, analysis and truth. Watch
    CNBC, Fox, MSNBC and the other corporate media to get the ruling elite
    approved view of the world.
  6. If you are currently renting or living in your mother’s basement,
    have no job, no savings and no prospects, Fannie Mae wants to put you
    in your very own house. Mortgage payments are optional. The 50% of
    Americans that pay taxes will gladly fund your new abode.
  7. If you are approaching the 99th week of unemployment, have no fear.
    The ruling elite will use the MSM to run hundreds of sob stories about
    only two years on the dole being immoral and cruel. The White House
    will present a study from “impartial” economists that proves that
    extending unemployment benefits to 156 weeks will create or save 3
    million jobs.
  8. The stress of this recession has been too much. You need to whip
    out that credit card and book a trip to Disney World or Dollywood.
    Worry about funding that 401k sometime in the future.
  9. Unquestioningly accept the fact that Iran is an imminent threat to
    your safety and liberty. Support the obliteration of this evil nation
    based upon information provided by the CIA (WMD slamdunk) and the
  10. Lastly, call your Congressman and tell them to extend the tax cuts
    for the rich. As you have probably concluded, the ruling elite are
    rich. They don’t like paying taxes. That is why they employ thousand of
    tax lawyers. Since the expiration of the Bush tax cuts will hurt the
    ruling elite the most, a full court press of disinformation is in order.

The ruling elite expect you to comply without question. Have they ever led you astray before?








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Fri, 07/30/2010 - 01:26 | 495597 nuinut
nuinut's picture

11. Should you be stupid enough to waste any money on gold (heaven help you), at least don't be so silly as to take possession of it. Your local bank can store it on your behalf, with a level of security you cannot get elsewhere;)

Light shed on BIS gold swaps 

July 29, 2010 4:32 PM 

Fri, 07/30/2010 - 02:51 | 495632 Moneygrove
Moneygrove's picture

It`s Joe Lieberman that wants to close the internets !!  ha ha bush joke !! Remember liebermen starts with a Lie !!!!!!!! he`s a nazi !!!!!!!!!!

Fri, 07/30/2010 - 04:07 | 495651 Young
Young's picture

A nazi jew? That's a new one.

Fri, 07/30/2010 - 04:49 | 495662 Tense INDIAN
Tense INDIAN's picture

Nothing new........Hitler himself had Jewish blood....Rothschild to be precise.

Hitlers grandmother Anna Shickgrubber ( cant spell correctly)  was a maid in the Rothschild Mansion in Vienna...when she became pregnant with Rothschilds son.....and Alois Hitler,  Hitlers Father was born ....there u go ...all these so called leaders are just placed by the Unseen hand behind.  

Fri, 07/30/2010 - 06:44 | 495685 Bringin It
Bringin It's picture

Interesting ... Have you seen this?

When going to vote, he held up his Iranian ID over his head - looks like an internal passport, and a picture was taken of the openned document.

Fri, 07/30/2010 - 06:52 | 495691 pros
pros's picture

Some have said that Ahmadinejad is Mossad double-agent to be well-rewarded after his assignment to provide cover for attack on Iran is successfully completed--

this seems far-fetched to me.

Fri, 07/30/2010 - 08:29 | 495734 IBelieveInMagic
IBelieveInMagic's picture

Tyler, this populistic rant Guest Posts are getting tiresome. Doesn't add any new insights plus they lack your acerbic wit - not worthy of space on ZH. 

Fri, 07/30/2010 - 13:01 | 496490 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Everybody was DYIN' to know what you think...Thanks for that.

Fri, 07/30/2010 - 16:47 | 497064 thisandthat
thisandthat's picture

Some have also said Golda Meir was a KGB double-agent.

Ahmadinejad isn't anti-Jew, he's anti-Zionism - that's different - and isn't alone, either:



Fri, 07/30/2010 - 22:53 | 497445 Bringin It
Bringin It's picture

Ahmadinejad isn't anti-Jew, he's anti-Zionism - that's different

I agree.  My purpose in posting the link is that he appearently was born a Jew.   Which is interesting.

Fri, 07/30/2010 - 23:16 | 497467 Bringin It
Bringin It's picture

You should know that Wiki-anything that touches upon anything related to zionist issues is highly suspect.  Just look at how 'religiously' the Zinos patrol the blogo-sphere.  You think they're going to leave the Wiki-world out of their sphere of influence?

Look into population genetics on Wiki if you want entertainment and confirmation.

Tue, 08/03/2010 - 06:42 | 500648 thisandthat
thisandthat's picture

Not a doubt about that - doesn't make it necessarily wrong, though.

About the wikisphere, no need to go beyond Judaism itself - try the Karaite rite (and the unrelated Turkic Karay ethnicity) - for comparison:

Fri, 07/30/2010 - 11:06 | 496173 SheepDog-One
SheepDog-One's picture

Yup, and make sure to keep that piece of hard rock candy in your pocket. But its not fer eatin, just fer lookin thru.

Fri, 07/30/2010 - 14:51 | 496722 MurderNeverWasLove
MurderNeverWasLove's picture

"Endeavor to persevere."

Fri, 07/30/2010 - 01:30 | 495599 drwells
drwells's picture

Putting the ratio of actual producers to looters and moochers at 50% might be a bit optimistic.

Fri, 07/30/2010 - 01:42 | 495603 Hedge Jobs
Hedge Jobs's picture

touching story.... maybe we should go abit easier on the ruling elite and stop giving them such a hard time.

personally, i find it highly ammusing watching the ruling elite cling to their elitist dream even as they realize the whole charade is crumbling around them. If you try not to take it all too seriously and come to terms with and prepare for what is happening its abit like living in a comedy show as the MSM veiw of the world just looks more and more ridiculous by the day.

They are getting very close to that one last lie that breaks the camels back and once the floodgates open there will be no truning back (ive probably used one too many analogies in there)  




Fri, 07/30/2010 - 03:06 | 495637 chump666
chump666's picture

yeah i dig what this guy says....

forget it, huge pile of shit is gonna hit the fan very, very soon. if the very nervous, nutty trades some leveraged funds have made in the last 24hrs are any indication...

just smoke a blunt drink and have a shot of Goldschlager  



Fri, 07/30/2010 - 09:37 | 495902 Commander Cody
Commander Cody's picture

"...smoke a blunt drink..."?  Too many Goldschlagers for you.

Fri, 07/30/2010 - 06:06 | 495681 breezer1
breezer1's picture

hard time... they need hard time.

Fri, 07/30/2010 - 07:59 | 495718 OldTrooper
OldTrooper's picture

hard time... they need hard time.

With big, hairy-backed men who think they have real nice asses.

Fri, 07/30/2010 - 11:25 | 496246 tpberg7
tpberg7's picture

(ive probably used one too many analogies in there)  

Yes, your liberal use of mixed metaphors is a challenging read!

Fri, 07/30/2010 - 13:03 | 496497 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Metaphors mixed by Cuisinart.

Fri, 07/30/2010 - 18:27 | 497206 StychoKiller
StychoKiller's picture

"This house of cards will fall like dominoes, checkmate!" -- Zap Brannigan

Fri, 07/30/2010 - 01:45 | 495605 russki standart
russki standart's picture

(My lucky Day, I can reuse the same post, twice. Different article, but the same BS from the PTB).

To summarize the above, the criminal banksters, wishing to extend the ponzi, want to ensure that the sheeple will continue to pay interest on their loans. So they need another gimmick to convince the useless eaters to keep paying interest . The banksters, unlike the typical great unwashed, understand that the  loan principal will never be paid back in nearly all cases. The banksters, however, do not care since they lent them FRN´s backed by nothing other than military force and threats. No tangible value was given to the original  borrowers, courtesy of the printing press, so nothing was really lost. Rather, the trick is to keep the suckers paying interest, knowing full well that over the term of most mortgages and loans, far more money will be collected in interest than was ever ficticiously lent out.

Fri, 07/30/2010 - 05:45 | 495672 mtomato2
mtomato2's picture

Hey, hey...  Just because we gave your props on the first one doesn't mean that you can keep coming back to the well...  :-D

Fri, 07/30/2010 - 01:46 | 495606 Failure to Comm...
Failure to Communicate's picture

In Soviet Union... nevermind.

Fri, 07/30/2010 - 01:59 | 495607 Privatus
Privatus's picture

Raoul Duke: Look, there's two women fucking a polar bear!

Dr. Gonzo: Don't tell me these things. Not now man.

Fri, 07/30/2010 - 02:31 | 495619 HungrySeagull
HungrySeagull's picture

Ya know. It is damn good to be living in our own home paid for free and clear with maintaince ongoing to prepare the place for nother 20+ years of good quality home in lieu of buying a new or used home somewhere else.

Those Elites can go stuff it. We spend what we need to spend to make things happen, our way. No. More. Debt. We got one debt left to pay and when it's gone, no more debt ever again.


We have happily squandered our young lives for decades waving credit cards, student loans and buying useless bling and junk food following the great wagnerian Peid Piper of Marketing roaring a mantra of FICO score and chasing the mirage of riches built on bills due each month with repossession a likely after defaulting.


No. More. Debt.


If 300,000,000 People have NO. MORE. DEBT. and pay thier fair taxes properly each year and have enough to eat and not have to work two, three jobs or fight hand over fist for handouts and unemployment......


Just maybe the United States will have strength to make things happen on a Budget that has no debt on it.

The Elites have better start getting ready to provide for thier own living without lending us money or goods and services. They are going to have to count the few dollars they get in Taxes each Feburary. And then learn to live on just that plus, sales taxes all year.


I find this article personally offensive... however I enjoy this article VERY much because it is VERY well written and spot on. It only motivates me to maintain my resolve to do whatever it takes to stay out of debt and pay just the taxes I am supposed to pay and not one penny more.


And they can take the Health care and stuff it too. When I get too sick, just hang a IV on my bedroom post and have a in home caregiver show up to change the diapers and bathe until I pass on. And yes my burial is paid up free and clear as well as not to be a burden on anyone except those who have to drive my remains to the Creamatory.

Fri, 07/30/2010 - 02:32 | 495622 Clampit
Clampit's picture

In all honesty I have Housing Panic to thank for the sans mortgage part of my totally remodeled short sale. Same shit as ZH, one side was just better written, more informed, better researched, and most of all less conflicted. It aint rocket science kids.

Fri, 07/30/2010 - 08:35 | 495719 Bartanist
Bartanist's picture

Ok, so you got rid of the mortgage and now all you have is the government lease.

So, what exactly happens to your "free and clear" home if you do not pay your annual government lease? Hint: the lease goes under the name of "real estate tax".

Fri, 07/30/2010 - 11:12 | 496194 Clampit
Clampit's picture

I don't mind paying my lease to the sate government; this lets me live much cheaper and keep my share of the MIC funding minimized. Besides, my state is one that will probably give the union the middle finger someday.

Fri, 07/30/2010 - 13:25 | 496533 HungrySeagull
HungrySeagull's picture

Revenue office charges about 150 dollars each year for taxes on ev everything. In my state we have 8 months to pay it. It is usually paid off when the tax bill arrives in April. It covers local and State taxes on the property. The schools get the bulk, streets, police and fire get the rest.

Homestead act also takes care of the rest.

It costs nothing to maintain the property. Except labor and a little cash to feed the third party companies hired to come in and do small jobs.


There are taxes baked into each and every utility connected to the home and cell service, satellite etc. All of those are month to month with no contracts.

The rest of the stuff like vehicle registration and property taxes on those are so small as not to be of much impact the month they are paid out of the budget. For example Where I was raised it cost about 140 dollars plus emissions plus inspection plus insurance to get tags put on a car. Here it cost only insurance and 25 dollars to tag a vehicle. Provided that you can prove you paid the taxes on the sale up front. Which is usually deducted from either a private used car sale or baked into a new car financing.

Heck, The last two vehicles we bought, those were used and cash only. The taxes to the state bit kind of hard but we paid it with a smile knowing that once paid it is a one time deal.

I think to say to those who are stressed out living in expensive places like New York. They should quit struggling and move south where things are easy, slow and cheap.

Fri, 07/30/2010 - 02:15 | 495615 svendthrift
svendthrift's picture

I used to worry about my country. I now worry about myself.

Fri, 07/30/2010 - 08:12 | 495727 Bartanist
Bartanist's picture

IMO therein lies the problem with America. There is no common goal. There is no leadership that speaks for over 300 million of us. The elite try to whip us into a frenzy to want to go and slaughter innocent people in strange lands or to spend our money on things  made in China that we do not need.

They tell us the decrease in our freedoms is for our own good and the wealth they take from us will be put to good use for OUR future.

However, no matter how good they are at spinning their lies (and the newest professional liar/telepromter reader is very good), the lies always reveal themselves through the evidence around us. They care NOTHING about us and any thing they say to try to convince us that they do care is simply a lie concieved to extract something more. We are becoming exhausted. We have no more to give to liars and thieves.

As a result, we do what all people do in that situation. We protects ourselves.


Fri, 07/30/2010 - 13:06 | 496505 svendthrift
svendthrift's picture

I agree that my attitude is a problem, but it is not the problem. Anyways, America is dead. I'm trying to move on (and out).

Fri, 07/30/2010 - 02:17 | 495616 Goldenballs
Goldenballs's picture

Bloody ungrateful,thats what you lot are.We are amongst the most highly educated,creative and talented people not just in this country,but in the world.You could have had it all,a job for life printing banknotes,and then whatever you wanted you could have brought,fancy that expensive new car,big new house,no problem just sign the loan forms and we,ll fix it so you can pay it all off at the end of the week,money will just go up that fast.Now you might well loose us to another country in the world where our skills will be appreciated,Zimbabwe is lovely at this time of year,they know whats good for em ........................... you could have had it all.

Fri, 07/30/2010 - 02:22 | 495617 Spitzer
Spitzer's picture

Yet they still have guys like Robotrader convinced to sell Krugerrands and buy 30 year bonds.

Fri, 07/30/2010 - 02:27 | 495618 svendthrift
svendthrift's picture

Driving home today (about 40miles) I counted 4 billboards advertising the powerball lotterty. Got me thinking.. Is that what keeps the peasants in line? The possibility that one is just a dollar ticket away from extreme wealth? What if the lotto was taken away and the peasants went without the last flicker of hope? I gotta read 1984 again.

Fri, 07/30/2010 - 03:59 | 495648 Insert witty title
Insert witty title's picture

removed by author, redundant

Fri, 07/30/2010 - 08:21 | 495739 Bartanist
Bartanist's picture

Hope and Fear, baby... only two ways to control a population. That is the classical belief.

I would add "distraction" as a recent addition to the list. Distraction creates apathy. Mass distraction creates mass apathy. TV, Video Games, Drugs ... all means of mass distraction. If you cannot control 300+ million then just distract 290 million of them and worry about manipulating the 10 million through hope or fear to do what you want.

Diabolically brilliant .... like some evil plan from Boris and Natasha or Pinky and the Brain.

Fri, 07/30/2010 - 08:50 | 495792 Pinky
Pinky's picture

+1 The Boris-Natasha-Pinky-Brain nexus often features at my blog.  Come to think of it I need to add that old rich guy from the Simpsons cartoon, whose name I can't remember because I threw my TV out the window (so to speak) two years ago.

Fri, 07/30/2010 - 09:27 | 495874 American Dreams
American Dreams's picture

Mr. Burns


"There is no Shelter Here"

Fri, 07/30/2010 - 13:23 | 496543 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture


Charles Montgomery 'Monty' Burns to be more precise.

Fri, 07/30/2010 - 10:44 | 496073 RockyRacoon
RockyRacoon's picture

Your TV only had one channel?  Hmmmm. 

I guess you were speaking figuratively.

Fri, 07/30/2010 - 10:13 | 495985 Kayman
Kayman's picture

Lotteries- one more layer of taxation on the poor and Middle Class.

Soon to be foisted on America- the Value Added Tax.  Yes, a more "efficient" tax

but only if it is brought in in lieu of income tax, not in ADDITION to income tax.

Mon, 08/02/2010 - 10:55 | 499558 downrodeo
downrodeo's picture

i once heard clif high talk about the 'karmic debt' associated with buying a lottery ticket. even if you win, your prize money will be tainted with the slight disappointment of the millions of people who didn't win. that adds up, and creates a large amount of negative karma within those winnings. he postulated that it may be the reason why many people end up worese off a short time after winning the lottery. seems to make sense to me, if you believe in that sort of thing...


whatever, read the lottery by shirley jackson if you never have


Fri, 07/30/2010 - 11:11 | 496187 SheepDog-One
SheepDog-One's picture

YES! And another unemployment 'benefit', 24 months of em and counting, 40 million only eating because ObaMao sends them a monthly credik card (sorry thats how they say it) so YEA without the 'too comfy' lifestyle of the destitute, if it was 1940, dam straight the country would already have burned to the ground from riots.

Fri, 07/30/2010 - 02:25 | 495620 Lord Welligton
Lord Welligton's picture

This is so fucked up it's not funny anymore.

And I'm not even American.


Fri, 07/30/2010 - 02:35 | 495623 Goldenballs
Goldenballs's picture

I,m not American either,but I,m jealous I could have had it all.How can you say its fucked up that implies it was rational in the first place.What they needed was Gordon Brown,boy can that guy spend.

Fri, 07/30/2010 - 02:52 | 495633 Lord Welligton
Lord Welligton's picture


I get that.

But this is sooooooooooo fucked up.

It's just not funny anymore.



Fri, 07/30/2010 - 05:53 | 495677 mtomato2
mtomato2's picture

Yes, but are you American?

Fri, 07/30/2010 - 09:44 | 495910 old_turk
old_turk's picture

"It's just not funny anymore."


But look, in fifty years, some future historian will be going through the archives for his book, "WTF were they thinking ... Oh, They Weren't" and come across the 'real' stats.

That'll be a great read for my grand children, while they spit on my grave.

Fri, 07/30/2010 - 15:21 | 496792 i.knoknot
i.knoknot's picture

"keep the grandchildren from spitting on your grave insurance"

  an anonymous bag of gold/silver coins - the real stuff.

Fri, 07/30/2010 - 06:23 | 495683 anvILL
anvILL's picture

Here in Japan, nobody really cares about what's happening to the American middle class.
Even though, they are the one's buying Japanese cars and other gadgets.
Us Japanese aren't really interested in American debt either.
Even though, we are the country most stuffed with it.

It's really driving me insane.

Fri, 07/30/2010 - 08:04 | 495721 OldTrooper
OldTrooper's picture

Us Japanese aren't really interested in American debt either.

That's a real shame, as debt is about all we can offer you for your goods.  Don't worry, my grandkids are good for it.

Fri, 07/30/2010 - 08:24 | 495744 Bartanist
Bartanist's picture


What concerns the Japanese these days?

Fri, 07/30/2010 - 08:37 | 495745 Bartanist
Bartanist's picture


Fri, 07/30/2010 - 08:56 | 495805 anvILL
anvILL's picture

General concerns of the Japanese mass

?On going debate on raising consumption tax
?Corrupt Democratic party and the useless Liberal Democratic party
?Manufacturing industry's competition against lower wage countries in Asia.
?The strong Yen hurting the manufacturing industry.I wish we were in the Eurozone sometimes.
?DPRK issues
?Our Japanese debt

My personal concerns as a Japanese

?American debt and the American financial insanity
(Japan's austerities can be worthless if the US debt loses its value)
?Our financial industry with only 1/10th of the IQ of american financial institutions.
?The strong Yen (I'm a gold bug but the yen can outperform gold significantly during a crisis)

Fri, 07/30/2010 - 02:55 | 495628 DavidPierre
DavidPierre's picture

Tyler Durden:

You might try to do some Due Diligence into the background of writers that you post on ZH.

Go on over to Quinn's blog and check out all the Racist shit that he posts and encourages.

Quinn posts in his own comments section under an alias, "Smokey". His latest...

"Smokey says:

LLPOH—In my opinion you are being a bit harsh. Blacks should be respected. What other form of animal can walk around on two legs and sometimes communicate with humans? Dogs can’t. Cats can’t. Sheep can’t and cows can’t. Blacks are arguably the most sophisticated animal in the history of the planet, yet there are still people who insist on criticizing them. Some blacks could even pass for humans, admittedly a very few, but the reality is that some COULD pass for being human. Admiration, not contempt or pity, should be reserved for all blacks. —-And fudd, you don’t have to be ashamed of being black as midnight. I’d already suspected as much before you gave it away tonight, based upon the rank stupidity and unmatched ignorance of all your comments across the board whenever you post here. No way in hell a white person is as fucking stupid as you are."

Quinn encourages some very sick shit and the man should be pitied but not encouraged.  His previous webmaster kicked him off of a free blog he provided for Racism and other sickening posts.  The man has some serious issues under his facade of economic journalism.

Jim Quinn flaunting his racial fear and class hatred on his new website…

“I have done previous posts on the 30 blocks of squalor. You can refresh your memory here:

 I have done a number of posts about the section of Chestnut Street in Phila between 69th street and 39th street. It is a depressing section of squalor. Once nice row homes in disrepair, collapsing porches, boarded up tenements, and Direct TV dishes seemingly on every $15,000 piece of crap house. This stretch of concrete is inhabited by the poorest of the poor. The racial balance is 100% Black, 0% everyone else. I am forced by circumstances on the Schuykill Expressway to take this route into work quite often.

I wonder if Mayor Nutter notes the irony along the 30 blocks of squalor? I observe the poorest of the poor shuffling along talking on their cell phones or listening to their iPods. I observe 22 year old black men driving $60,000 Mercedes cars. Trash, garbage, and filth litter the streets, but every other block has a beautiful mural on the side of a building showing black people doing wonderful things. Maybe if a few more black men in this community actually married the women they impregnated and manned up and raised a family, the pictures would reflect reality. “

Smokey says:

“ Jesse Jackson, Martin Luther King, Jeremiah Wright, and Al Sharpton are fucking worthless, stinking alley niggers of the lowest order. I get sick as shit of the way whites are routinely discriminated against in this country. The fucking spics are just as bad, worse actually, than the blacks. They come over here and murder and steal from this country and make fucking demands of the citizens here. All a spic knows how to do is steal and fuck. That’s it. Steal and fuck. And Tarbaby can’t fucking wait to legalize all of them so that he gets their votes to provide support for his Socialist agenda. Entitlements have pissed this society down the drain.”

Just a heads up TD. I've been watching this guy for over a year and he is only getting worse.



Fri, 07/30/2010 - 02:56 | 495634 Lord Welligton
Lord Welligton's picture

Very unpleasant stuff indeed.


This is still so fucked up it's not funny.

Maybe Quinn is a symptom.



Fri, 07/30/2010 - 03:45 | 495642 DavidPierre
DavidPierre's picture

Quinn is the problem... not just a symptom.

He works as an accountant at The Wharton School of Business but basically spends his entire 9 - 5 day on his website while sucking on the state's Teet for the big paycheck. 

Meanwhile he writes about all the people who abuse the system while he basically does nothing all day but jerk off on his blog pretending to have all the answers.

The guy is absolutely stupid about 9/11 truth and believes everything in the Mafia/Government conspiracy theory.

YUP!...buildings just fall down...end of story.

  He's just a convenient tool for the system...spouting economic BS.

His previous webmaster dumped him after a year of bigotry and racist posting that attracted some very strange followers.  He's now paying some slave labor IT guy in India to keep him up on the web.

Quinn is a hyprocrite surrounded by sycophants.

Go check out his blog...some realy sick shit in there already and that is only the new stuff of the past few months.

Quinn's is an angry, hillbilly site run by an ivory tower rightwing guy. Quinn hasnt worked in the private sector... besides with a retailer/homebuilder ... oh wow, Krugman once consulted too!

How different is he than Krugman, other than his racist views?

Fri, 07/30/2010 - 04:04 | 495649 Jasper M
Jasper M's picture

And so, of course, you repeat his less relevant 'ouput' here, thus providing him a broader platform than his original guest post allowed.

Granted his piece was way more style than substance, ad thus invites responses of the same sort. But still, if you think the guys ideas are bad, why spread them?

On a related note, ZH seems to welcome vigorous debate about, say, the gender of Larry Summers, or whether human status should be accorded to any number of public figures. If we use a shared hatred of Keynsians as a bonding tool, are we so far from those who do the same with race?

I fully understand that one of these cases is currently not PC, but I am am trying to address underlying similarity of approach - Race hate is "sickening", while economic theory hate is good clean fun? 

(Disclosure: I do hate Kenysians, and I'm not much of a racist - I am trying to understand myself as well as my fellows)

Fri, 07/30/2010 - 05:47 | 495675 Apostate
Apostate's picture

 A person doesn't choose the melanin content of their skin, but they can pick their ideology.

Fri, 07/30/2010 - 08:34 | 495752 Bartanist
Bartanist's picture

Hmmm ... do you really hate Keynesians? Or do you have a very strong belief that Keynesianism is a failed belief and the people that hold onto that old religeon as if it is gospel are ignorant and discredited.

Or maybe they are deserving of our disdain because they hide behind Keynesianism, being it is the flavor of the day that allows them to advance their own personal ambitions?

If a Keynesian honestly believes that he can help the people of this country through his Keynesian beliefs, I cannot hate him. It is the other type who garner none of my respect, but not because they are Keynesian.

Fri, 07/30/2010 - 10:23 | 496017 Kayman
Kayman's picture

John Maynard NEVER supported governments deficit spending in good times and bad.

So do  not hate Keynesians, hate Idiotism.

Fri, 07/30/2010 - 11:45 | 496294 tpberg7
tpberg7's picture


I understand your dilemma with this line of thinking.  But, our hatred for Kenysians is directed toward their way of thinking not toward them as a distinct group of people with inherent racial characteristics.  

Fri, 07/30/2010 - 08:34 | 495754 russki standart
russki standart's picture

Gee, you seem to know alot about a guy whose writings you abhor. I guess I could ask who are you and who do you work for but that would be impertinent. (For that matter, it would be very interesting to explore the Obamassiahs background but gee, for some reason, it is obscured).  Personally, I don´t really care about Quinns supposed racial rants since if you dig deep enough, we are ALL guilty of making disparaging remarks about other people based on colour, creed, religious faith etc.

If you want PC conversation, leave ZH and watch CNBC.  They will happily spout the Obamacally correct speech whilst lightening your pockets in the process. One day, you  may realize that the PC thought control that you so happily accept was not designed for your benefit but for, well ......just follow the money.


Fri, 07/30/2010 - 10:07 | 495960 grunion
grunion's picture

Making political correctness law surely placed that much more hay on the camel's back. Thought Police...

Vote 'em out, vote 'em out, vote 'em out.....

Fri, 07/30/2010 - 11:54 | 496305 tpberg7
tpberg7's picture

What will you do if we let you go home,
And the plastic's all melted,
And so is the chrome?

Frank Zappa - The Mothers of Invention

Fri, 07/30/2010 - 05:56 | 495678 mtomato2
mtomato2's picture



Are you an American?

Fri, 07/30/2010 - 06:58 | 495695 Lord Welligton
Lord Welligton's picture

Eh, no.

Not even a citizen of the USA.

Fri, 07/30/2010 - 07:03 | 495698 nmewn
nmewn's picture

And you know the alias of Quinn is Smokey? How do we know Smokey is not you?

Provide the evidence.

Fri, 07/30/2010 - 07:25 | 495703 Merlin12
Merlin12's picture

So, what is it exactly that you object to? 

Fri, 07/30/2010 - 07:36 | 495707 Robslob
Robslob's picture

Unfortunately David Pierre it's called Freedom of Speech (good or bad) it comes with the territory when you are an American...

The good news is you don't have to go read it...or post it...or assume that "Smokey" is actually someone nobody knows is his alias...but that is Freedom of Speech as well...

And no, I do not like those comments either...but I don't go visit the website looking for it...I think we call that Freedom of Choice...


Fri, 07/30/2010 - 08:20 | 495738 Sqworl
Sqworl's picture

Freddy Kruger has nightmares about him!!!

Fri, 07/30/2010 - 09:46 | 495913 trav7777
trav7777's picture

In his defense, Philthadelphia really IS that bad.  And it ain't whites that did it.

You need to let go of your racial's Pavlovian.

Fri, 07/30/2010 - 11:13 | 496196 SheepDog-One
SheepDog-One's picture

Seems like a man speaking the truth to me.

Fri, 07/30/2010 - 12:11 | 496349 Buckaroo Banzai
Buckaroo Banzai's picture

I'm calling Bullshit.

First, the links you posted weren't rascist, they were fact-based. Unpleasant facts, unpleasantly presented, but facts.

Second, how exactly do you "know" Quinn = Smokey?

Third, I never saw any of the alleged "Smokey" comments in the posts you referenced. Did you make them up?



Fri, 07/30/2010 - 14:12 | 496655 DavidPierre
DavidPierre's picture

Darryl says:

Wake the fuck up Quinn...

“The day after Bush took office in 2001 Marvin was handed a $50 million plus contract to handle security of the Twin Towers and Dulles Airport.

He had absolutely no background to indicate he could handle such a contract, or the job it entailed.

But this is how all the Bushes got rich, with government contracts given to them by other Bush family members ( Prescott Bush being part of Union Bank of Pennslyvannia that was seized by the US Treasury under the trading with the enemy act after it was discovered they helped the Thiessen Family finance Hilter).

Marvin was in charge of security on 9/11 at both the WTC and Dulles.

You can look it up on line, Google Marvin Bush and you will find out a lot about the “other Bush brother” that absolutely no one in the press will ever discuss or talk to the Bush family about.

Ask the hard questions of George W. like, “what qualifications did your brother have that gave you the right to award such a huge contract to provide security at the WTC and Dulles airport to him?”

Look it up, you moronic losers who mock the 911 truth movement?

Fools that you guys are by being sucked right into that evil Arab thing.

Man thats gonna hurt when you asshats wake up.

That is why a lot of the stuff on this site is good but it just kinda misses something…oh thats right you think that your own govt was not... (happy SSS)... behind 9/11 – so Jim Quinn can make all the racist comments he wants when he does not realize he got played.

Keep writing I will read. I read everything, regardless whether I agree. I got subscriptions to almost all of the worlds left leaning and right leaning and the proper leaning LIBERTARIAN, where people arent angry like Jim is at black people he sees on his way to work, periodicals.

I like the articles, but the people who comment do not match up.

Sorry but honest truth. And to those who get insulted…Go fuck yourself on the way to church to give a priest pedophile 10% of the money you get paid after the govt fucks you.

Hard to believe since there is no god, that I dont see a million articles deriding the idea of tithing.

– Hey SSS, hit your wife in the last hour you overweight SS officer?

Sat, 07/31/2010 - 13:45 | 497896 Max Hunter
Max Hunter's picture

I had a feeling your REAL interest was in the 9/11 truth.  Well.. you now seem very suspect to me.. probably a shill..

Riddle me this;  why would anyone go to that site repeatedly and read such hatred and racism?  I wouldn't.. Even as a 9/11 truther, I would not go there after I read something like the racist stuff you posted first..

So then, you get every one's attention with the racist stuff.. Hey.. look how crazy and bad this guy is..  ohh yeah .. hey guys.. look .. he's a 9/11 truther too...

Well DP.. you just showed your hand.. JUNK !

Fucking shills.. just can't get rid of em..

Sat, 07/31/2010 - 14:27 | 497944 i.knoknot
i.knoknot's picture

glad a bunch of folks are catching on to their crap.

don't get sucked into it. it's not an accident. i'm sure they even have classes on where the 'buttons' are and how to best push them.

probably getting paid with TARP money in a roundabout way.


Fri, 07/30/2010 - 02:42 | 495629 TheSettler
TheSettler's picture

OT, sorry ZH'rs..but I have been thinking the last few days about the Wikileaks story. Who in the military would have access to this much info? What top ranking military official has just dumped on Obama? Ah the possibilities...



Fri, 07/30/2010 - 08:39 | 495764 russki standart
russki standart's picture

If you read through some of the leaks, they are nothing more than a rehash of what most of us already knew. The war is being lost, many civilians are being killed, disagreements over tactics and so on. Nothing really new here.....If the CIA and Mossad  (same thing) really wanted to get Julian, do you think he would be alive today? So, ask yourself, why does he seek all this publicity if he is in big Doo Doo over breaching national security? Something is not right with this picture.

Fri, 07/30/2010 - 11:12 | 496176 DaveyJones
DaveyJones's picture

I was thinking the same thing until I realized just how paranoid I've become thinking everything and everyone is a double agent. Things really are fucked up aren't they? Still, history is the competition between inevitable trends and individuals who make a difference. 

Fri, 07/30/2010 - 03:16 | 495640 Shylockracy
Shylockracy's picture

The "American Elite" is as American as the "Russian Revolution" was Russian, and the "Young Turks" were Turks.

Fri, 07/30/2010 - 03:40 | 495646 GoldmanSux
GoldmanSux's picture

I understand Donald Kohn retired June 30, after a career as the puppetmaster at the Fed. If anyone has his picture, please post. Never know when one will run across him in the street. A master criminal. The best since Meyer Lansky.

Fri, 07/30/2010 - 04:58 | 495663 rolo
rolo's picture

Absolutely outstanding article - thanks for bringing it to our attention, ZH.

Fri, 07/30/2010 - 05:48 | 495676 doomandbloom
doomandbloom's picture

i have heard that there are some major astrological events occuring in the first two weeks of Aug.( Grand Cardinal Cross and day of Hecate)

will have to wait and watch.

Fri, 07/30/2010 - 05:59 | 495680 doomandbloom
doomandbloom's picture

Also regarding

'Obama and his crack team are working round the clock to lock down the internet, but it will take time.'

Only recently an security system was put in place on the internet where 7 people were given the keys to the interent.

1.Paul Kane, chief executive officer of CommunityDN in England;
2. Dan Kaminsky, chief scientist at Recursion Ventures in New York City;
3. Jiankang Yao of China;
4. Moussa Guebre of Burkina Faso;
5. Bevil Wooding from Trinidad and Tobago;
6. Ondrej Sury of the Czech Republic, and;
7. Norm Ritchie of Canada.

Reminds me of the Lord of the Rings

Black Speech of the Lord of the Rings.

Three Rings for the Elven-kings under the sky,
Seven for the Dwarf-lords in their halls of stone,
Nine for Mortal Men doomed to die,
One for the Dark Lord on his dark throne

In the Land of Mordor where the Shadows lie.
One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the darkness bind them
In the Land of Mordor where the Shadows lie.


Fri, 07/30/2010 - 13:54 | 496615 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Burkina Faso...WTF?

Does anyone remember Thomas Friedman blabbering away on the Sunday morning shows perhaps a year ago, denigrating blogs and the internet?

He also was pushing the idea that you have to be careful what you say on the internet because it never goes away, blah, blah, blah, and then you MIGHT NOT GET THAT AMBASSDORSHIP TO BURKINA FASO, because of something you said in the past on the web.

At the time the comment seemed weird on a lot of levels, but the Burkina Faso reference seemed intentionally arbitrary.  Now, not so much...

Even if the concept of smart-cards to "restart" the internet made any sense, why would Burkina Faso get one out of 7 cards?  A geographical distribution?  A mixture of remote places (Trinidiad and Tobago) and urban (NYC)?

Anybody want to attempt to rationalize this somehow?

Fri, 07/30/2010 - 06:45 | 495687 confimationbias
confimationbias's picture

doomandblooom: Here's a Cardinal Cross link:

Arch Crawford. Always interesting. Rated #1 market timer between 10-01-07 thru 10-31-09.

Robert Hitt is making similar noises:

As is George Ure:

Add in some of the usual suspects, though not for astrological reasons - Prechtor, Hussman, Jesse (American Cafe) Gene Inger, Michael Pento, Keen (Steve) Roubini, Baker, the Consumer Metrics Insititute, a pinch of Minyanville and a few others my addled old synapses fail to recall - and there might be something to all this.  Note: these references are clearly in keeping with my screen name.  ("We have met the enemy, and they are us.")

Just sayin'.

Disclosure: smallish positions in SH and SDS.  Too old to bet big. 


Fri, 07/30/2010 - 08:19 | 495736 doomandbloom
doomandbloom's picture

its funny that the first link suggests a nuclear war..( well not that funny)

but look what Ben Fulford wrote in his blog today!

Fri, 07/30/2010 - 13:06 | 496507 confimationbias
confimationbias's picture

 Thanks doom.  I've no opinion on these things, at least to the best of my conscious knowledge (it is challenging, at the very least, to take into account one's own set of conscious and unconscious biases. I am very much of the mind that Cogdis expounds upon at this website.)

If I may add, I paid strict attention to George Ure and Todd Harrison (Minyanville) in Sept. and Oct. of '08, getting out, going short and making a small killing, at least for a shmoe like me.  While I consider it a lucky aberration, it is not out of the question that such a situation might recur.  We'll see, like it or not.


Fri, 07/30/2010 - 06:47 | 495688 pros
pros's picture


The collapse of the American Empire is inevitable...

but impossible to predict when or how...

I'm thinking sooner than later, but there might be a final, suicidal, impulse...

capitalist system has collapsed in the US...

we have a de facto military dictatorship...expect more repression at an accelerating rate

the corrupt carpetbagging elite need a refuge..

they looted Europe and left it a bankrupt, smoking wasteland and came here determined to do the same

Fri, 07/30/2010 - 06:54 | 495692 bada boom
bada boom's picture

"was supposed to reinvigorate your animal spirits."

It is, but not in the way they wanted.

Fri, 07/30/2010 - 06:58 | 495693 Dental Floss Tycoon
Dental Floss Tycoon's picture




Fri, 07/30/2010 - 10:30 | 496034 Uncle Remus
Uncle Remus's picture

Ah yes, memories of tweezers gleamin' in the moonlighty night.

Fri, 07/30/2010 - 06:57 | 495694 Yardfarmer
Yardfarmer's picture

Despite all the clamor arising from the government and its media cheerleaders, who are vainly attempting to rally the masses from the torpor of economic and societal gloom which has enveloped the nation, it is apparent that there is a mood of general anxiety and disquiet which will not be dispelled by the shallow nostrums prescribed by the intellectual schoolmasters and political and economic spinmeisters. So convinced and obsessed are these latter of their ridiculous and transparent legerdemain that they fail to see the house lights have gone up, the show is over and the last straggling members of their once captive audience are heading for the exits.
Of interest of course to many are the upcoming mid term congressional elections which, to some, promise to be at least the beginning of the longed for resolution to the painful and shameful desuetude which the "once great nation" has sloughed into. And yet all of this hopelessly belated appeal to "the founding fathers" and the Constitution and all those far gone (so conveniently!) and cherished patriotic ideals which supposedly "made this the greatest country on earth" are symptomatic of a hopelessly backward gazing and presently spellbound massa damnata, emerging from the mire of a hopeless morass and then resolutely and blindly marching towards a cliff from which they will shortly and almost certainly hurl themselves off into the abyss. As Will Rogers said, "Nobody ever went broke underestimating the intelligence of the American people".

Fri, 07/30/2010 - 10:33 | 496044 Uncle Remus
Uncle Remus's picture

Sooo...beans, bullets & bullion?

Fri, 07/30/2010 - 07:38 | 495705 docj
docj's picture

Heh - I'm sure that dude with the "Faux News" avatar will be by shortly talking his book about how Fed/Treasury "saved the banking system" and therefore life as we know it and that this infinitely logical article is entirely full of shat.

Fri, 07/30/2010 - 07:40 | 495710 Sirreal
Sirreal's picture

Will some cartoonist please create my idea of The "head" of Goldman Sucks standing behind the world globe (show his pants down around his ankles) moving his hips; The caption is: "Goldman Sex".

Fri, 07/30/2010 - 07:49 | 495714 Sirreal
Sirreal's picture

It is for sure that every mess and catastrophe in the world is correctly attributed to Goldman Sex. It is like turning over any slimy rock and finding them slithering in the sludge. The "head Goldman weasel" has been quoted: "We are doing the work of God". I sincerely believe he is calling Satan a god.

Fri, 07/30/2010 - 07:51 | 495716 Chemba
Chemba's picture

go back inside your trailer.  you add no insight to the discussion, only ignorant blather

Fri, 07/30/2010 - 08:09 | 495724 Internet Tough Guy
Internet Tough Guy's picture

Would you like to borrow my user name? Or you could change your name to 'blog monitor'.

Fri, 07/30/2010 - 10:36 | 496050 Uncle Remus
Uncle Remus's picture

Or 'Central Screwtinizer'

Fri, 07/30/2010 - 08:08 | 495723 Internet Tough Guy
Internet Tough Guy's picture

Where do I sign up to join the ruling elite? I just bought a pair of white shoes...on credit.

Fri, 07/30/2010 - 08:16 | 495732 crosey
crosey's picture

Just a repeat of history.  Pick your era.  It's all the same.

When the "revolution" happens this time, it will be unprecedented due to the fact that almost anything can be projected globally, almost instantly.  I think the speed will be awesome, and awful.

Fri, 07/30/2010 - 08:16 | 495733 toros
toros's picture

The Hedges in the Hamptons never looked so well groomed or so tall.

Fri, 07/30/2010 - 10:37 | 496055 Uncle Remus
Uncle Remus's picture

All the better to hide the chain link and concertina wire.

Fri, 07/30/2010 - 08:33 | 495753 ATTILA THE WIMP

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

PS: 911 Inside Job

Fri, 07/30/2010 - 08:41 | 495767 williambanzai7
williambanzai7's picture

They are going to pass a mandatory Phd law.

Fri, 07/30/2010 - 09:28 | 495876 ella
ella's picture

And they still want their TAX ENTITLEMENTS.  They can never get enough.

Fri, 07/30/2010 - 10:19 | 496000 blindman
blindman's picture

.  fot the....

(love  //

of ...(

money (( >:


Sat, 08/07/2010 - 00:56 | 496042 RockyRacoon
RockyRacoon's picture

Joe is not doing their part. This crazy concept of saving for a rainy day seems to be catching on. This is very dangerous. Savings could lead to investment and long-term stability. The ruling elite will have none of that foolishness.

The Paradox of Thrift, Bitches!

...ah, I see I have a junk with no comment.  Come on you pussy!  Speak up.

Oh, now 2 junks!  Coming back for more?  Speak up, you twerp.

Fri, 07/30/2010 - 11:05 | 496168 blindman
blindman's picture


War Is Kind

Stephen Crane (1899)

Do not weep, maiden, for war is kind,
Because your lover threw wild hands toward the sky
And the affrighted steed ran on alone,
Do not weep.
War is kind.

Hoarse, booming drums of the regiment,
Little souls who thirst for fight,
These men were born to drill and die.
The unexplained glory flies above them.
Great is the battle-god, great, and his kingdom--
A field where a thousand corpses lie.

Do not weep, babe, for war is kind.
Because your father tumbles in the yellow trenches,
Raged at his breast, gulped and died,
Do not weep.
War is kind.

Swift blazing flag of the regiment,
Eagle with crest of red and gold,
These men were born to drill and die.
Point for them the virtue of slaughter,
Make plain to them the excellence of killing
And a field where a thousand corpses lie.

Mother whose heart hung humble as a button
On the bright splendid shroud of your son,
Do not weep.

War is kind!

Fri, 07/30/2010 - 11:09 | 496181 Grand Supercycle
Grand Supercycle's picture

GBPUSD upside continues, since daily and weekly charts remain bullish.

Fri, 07/30/2010 - 11:58 | 496309 Trifecta Man
Trifecta Man's picture

Look, you wouldn't listen to us when we told you pension funds are costly.  But no, you wanted them.  Now what do you got?  A bunch of pension funds that keep getting underfunded.  And what did they buy?  Mortgage securities?  Most people can't keep a job for five years, let alone thirty!  That's why we got rid of them mortgages.

Everybody has got to do a better job.  The trouble is you don't want to work harder.  So we have to send that extra work overseas, where they are willing to work hard.  If you don't work your ass off, how do you expect to get ahead?  How do you expect your boss to get ahead?  That's why there are so many layoffs.

You want jobs?  Make the effort and buy the training you need.  Use your available credit and spend it smart.  Invest in yourself.  Invest in America.  And help us to create new opportunities for you, without the overregulation that stifles productivity.

I'll give you an example.  Those poor Chinese workers have to work in all that poluted air.  One day in the future, the XYZ company will make it possible for Americans to breathe the cleanest air in the world.  They are working to create these miniature tanks that decompress fully filtered air for each individual to breathe.  Don't you want that for your children?

These are the things possible if you fall for buy into our vision.


Fri, 07/30/2010 - 15:37 | 496818 HungrySeagull
HungrySeagull's picture

I hear you about the jobs going overseas, but I dont buy the pensions.


When I was graduated the mantra from my entire family was go to college get into debt, graduate and stay with one company and retire at 55 with a pension, insurance and all the wonderful things to come. As well as a constant drumbeat to religiously put your net pay towards a 401 k plan that you cannot touch at any time for the first 7 years with the company and pay alot of money each month for the benefits too.


This worker was one expensive worker. One by one the company will find a way to eliminate my position, jobs or whatever. And hire Temps to do my old job.

Eventually even pensions, benefits and other nice things that go with being employed went away or got so expensive as to eat up your net pay.


Add insult and salt to the wound when job gets shipped overseas. Or immigrants legally come here and put in 120 hour weeks to absorb everything you ever knew about your old job, learn enough to advance to become your boss, your doctor and your everything. That is fine. America is still the land of oppertunity if you can get to work.

But only a few will graduate with degrees and go to work at top jobs. We still generate a very large percentage of C students and below average people who need simple jobs that are all shipped overseas or turned over to automated robots.

What are we to do with the mass of simple pheasents? Keep them entertained, keep them sedated through vices in life and allow them to dodge police while they try and make a dollar on the street corner?

We used to pull up to a corner, gather a bunch of strong hungry people willing to man a shovel from sunrise to sunset for cash that day and they do a damn fine job. Until they started to make that illegal too.


It's a shame because the very best of the people we told to get into the back of the work truck eventually earned a place in the company as full time workers and able to make enough money to get a apartment, a car and feed themselves enough to come to work themselves.

Later on in life I become a temp too. I learned that there is freedom in Temping. Come when you are ready to work when needed and you are free to go the moment the task for the day was completed. The rest of the regular workers are stuck "Riding the clock" for several hours until quitting time.

Clean air still exists out west in the USA I have seen it, smelled it and breathed it while trucking and I gotta tell you... far enough away from any town or city that air is good.


IF they start making little breather units for every day use, I am a-heading out to where the air is clean and the Homestead act to get 160 acres to go with it.

Sat, 07/31/2010 - 23:44 | 498332 Uncle Remus
Uncle Remus's picture

Bladerunners with new marching orders.

Thu, 12/02/2010 - 12:12 | 771853 dizzyfingers
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Bend over...more sticks

Lobbyists’ Newest Targets in Wall Street Reform Battle? Federal Oversight Agencies | More While you we worrying about Aqua Buddha, and whether you were about to vote for a candidate who was a witch or wasn’t, financial services companies and their hired Washington guns blitzed the federal regulatory agencies charged with crafting and implementing new tough rules for Wall Street.

Overall, more than 720 clients focused some of their third-quarter lobbying efforts on the Democrats’ landmark Wall Street reform legislation. And these companies and organizations hired 2,879 lobbyists between July 1 and September 30 for work on all federal priorities, the Center for Responsive Politics has found.

President Barack Obama signed the measure into law on July 21, six days after the Senate passed the final version of the bill.  The legislation was written by Senate Banking Committee Chairman Chris Dodd (D-Conn.) and House Financial Services Committee Chairman Barney Frank (D-Mass.).

The 723 companies and organizations explicitly mentioning the Dodd-Frank bill in their lobbying reports during the third quarter represents a 44 percent increase above the number who mentioned the bill during all of 2009, according to the Center’s research. Between January and September, 904 clients mentioned the bill in their lobbying reports -- or 80 percent more than who explicitly lobbied on the bill in all of 2009.

Additionally, the number of lobbyists employed by these clients represents a 22-percent increase above the number of lobbyists who worked for clients that lobbied on this bill during all of 2009.

And clients who did at least some lobbying on the financial regulatory reform legislation employed 54 percent more lobbyists during the first three quarters of 2010 compared to all of 2009. Between January and September, 3,659 lobbyists worked for companies that explicitly lobbied on the Dodd-Frank bill, according to the Center’s analysis. During 2009, 2,375 lobbyists did.

Here's a table showing the number of clients who explicitly mentioned the Wall Street reform legislation in their quarterly lobbying reports, and the number of lobbyists they hired each quarter for all lobbying work.

  Q1 09 Q2 09 Q3 09 Q4 09 ALL 2009 Q1 10 Q2 10 Q3 10 YTD 10 Total # of Clients 77 124 153 485 501 517 807 723 904 Total # of Lobbyists 356 687 795 2,255 2,375 2,235 3,263 2,879 3,659

Furthermore, some federal agencies -- not just the two chambers of Congress -- were targeted by lobbyists, particularly those with rule-making and oversight responsibilities.

Shown in the graph above are the lobbyists targeting the Securities Exchange Commission (in red) and the lobbyists targeting the Commodity Futures Trading Commission (in green). The number of all clients lobbying on the Wall Street reform legislation is shown in blue.

Between July and September, 123 companies, trade associations and other groups -- or 17 percent of all clients that lobbied concerning the Democrats’ Wall Street reform legislation -- targeted the Securities Exchange Commission, the Center’s analysis shows.

That’s a 45 percent increase above the number of Wall Street reform-related clients who lobbied the SEC during the second quarter of 2010.

This flurry of activity also represents a 273 percent increase above such lobbying during the first three quarters of 2009.

Moreover, during the third quarter, 93 clients who lobbied on the Wall Street reform bill targeted the Commodity Futures Trading Commission -- a 22 percent increase above the second quarter and a ten-fold increase above such lobbying during the first three quarters of 2009, the Center’s analysis indicates.

Such lobbying comes as both the CFTC and SEC have struggled with limited financial resources.

In late October, Commodity Futures Trading Commissioner Michael Dunn described his commission as “underfunded for years” and in dire need of additional funding. “To be blunt, we cannot implement the entire Dodd-Frank Act and complete our pre-Dodd-Frank duties without a substantial budget increase,” he said according to Global Financial Strategy News.

The SEC, meanwhile, has been seeking a 12-percent increase in its budget for next year. That’s about double the increase the agency saw between fiscal years 2008 and 2009. And during parts of Republican George W. Bush’s presidency, the agency’s budget was flat or even cut from year to year.

SEC Chairman Mary L. Schapiro has said the 12-percent increase to $1.26 billion for fiscal year 2011 “will do a great deal to help us keep pace with the continuing growth of the markets and provide necessary resources to support important regulatory initiatives in 2011."

Among other responsibilities, the CFTC and SEC will be responsible for implementing new regulations on derivatives, the investment vehicles that have been almost completely unregulated, often allowed investors to make risky bets and that played a substantial role in causing the nation’s economic crisis.

Clients that targeted the Wall Street reform legislation increased their lobbying at numerous federal departments and agencies during the first three quarters of 2010 compared to the same period last year as well.

Lobbying by groups mentioning the Wall Street reform legislation in their lobbying filings increased between two-fold and eight-fold at the Consumer Product Safety Commission, the Council of Economic Advisers, the Department of Commerce, the Department of the Treasury, the Executive Office of the President, the Federal Deposit Insurance Commission, the Federal Reserve System, the Internal Revenue Service, the National Economic Council, the Office of the Comptroller of the Currency, the Office of Management and Budget and the Office of U.S. Trade Representative.

Here is a table showing the number of clients -- who explicitly mentioned the Dodd-Frank legislation in their lobbying reports -- who lobbied these federal agencies and departments each quarter.

Agency or Department 2009q1 2009q2 2009q3 2009q4 2010q1 2010q2 2010q3 Dept of Treasury 26 61 60 147 160 205 213 Securities & Exchange Commission 14 30 28 80 67 85 123 Commodity Futures Trading Commission 5 5 9 52 45 76 93 Office of US Trade Representative 5 14 15 59 66 91 85 Dept of Commerce 8 15 17 58 67 97 82 Federal Reserve System 11 17 21 56 54 65 72 Executive Office of the President 4 13 13 44 45 79 68 Office of Management & Budget 4 8 9 37 42 55 56 Internal Revenue Service 3 13 15 38 37 53 54 Federal Deposit Insurance Commission 4 8 9 29 33 39 43 National Economic Council 1 9 11 18 16 24 24 Office of the Comptroller of the Currency 3 5 5 16 19 22 23 Consumer Product Safety Commission 2 2 3 10 7 15 10 Council of Economic Advisers 1 2 2 6 5 5 6

And here is a table showing the unique number of clients mentioning the Wall Street reform legislation who lobbied these agencies and departments during the specific time frames mentioned.

Agency or Department Jan - Sept 2009 Jan - Dec 2009 Jan - Sept 2010 Jan 2009 - Sept 2010 Dept of Treasury 78 165 265 291 Securities & Exchange Commission 37 89 138 152 Dept of Commerce 20 62 116 127 Commodity Futures Trading Commission 11 56 110 115 Executive Office of the President 18 50 103 115 Office of US Trade Representative 19 62 108 113 Federal Reserve System 29 67 82 101 Office of Management & Budget 10 39 81 90 Internal Revenue Service 19 43 67 77 Federal Deposit Insurance Commission 11 31 56 63 National Economic Council 13 22 34 42 Ofc of the Comptroller of the Currency 6 18 27 30 Consumer Product Safety Commission 5 13 15 19 Council of Economic Advisers 2 6 7 9

This analysis was based on a Center for Responsive Politics review of lobbying reports filed with the Secretary of the Senate that explicitly mentioned in the “specific issue” field of the forms the Dodd-Frank legislation by number (H.R. 4173), by title (Wall Street Reform and Consumer Protection Act), or by partial phrases such as “Dodd-Frank,” “Wall Street reform” or “finance reform.”

The specific issue field is designed as a place for lobbyists to identify the bill number, bill title and other additional information about their activities.

The amount of additional information detailed in this field, however, can vary and is subject to human error on the part of filers. Lobbyists are not required to provide such details in a standardized format, so any search of this information may not perfectly capture all lobbying activity.

Lobbying disclosure rules do not require an itemization of how much money was spent per issue, so it is impossible to discern how much money was spent strictly on Wall Street reform lobbying.

Similarly, the overall figure of lobbyists represents all individuals hired by companies to carry out all lobbying priorities; the database maintained by the Senate Office of Public Records does not allow one to link a client's lobbyists and the specific issue lobbyists worked on.

Center for Responsive Politics researcher Matthias Jaime contributed to this report. Categories:



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