Guest Post: Seeking Solutions In An Uncertain World

Tyler Durden's picture

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Turd Ferguson's picture

"Now, I’m not suggesting we cower in a corner, buy guns and butter and get all Mel Gibson on each other."

Why the fuck not? Typical Wall St wuss. Goes right up to the edge and then backs off.

 

Tom Servo's picture

Off topic.

Shorebank went into FDIC recievership (wasn't that Barry S's baby?).... 2.16 billion *ouch*

www.fdic.gov

 

JLee2027's picture

Anyone who continues to whine about Iraq and Shock and Awe is a liberal who's now undergoing a sober awakening. 

InconvenientCounterParty's picture

In the near future, a "liberal" may be defined as a person that gives bread and water to a starving person. A "conservative" will by some calculus decide not to.

Rick Masters's picture

Hey Jlee is that short for Julie cause you sound like a woman. Nag. Nag. Nag. Seriously this is a finance board stop trying to censor people thru your political intimitatuion, just like a little woman.

JLee2027's picture

Telling the truth about liberals is nagging? 

No, I'm not going to stop until the liberals stop whining.

Getagrip's picture

Hey Turd, ease up on Todd-he's one of the good guy's (Wall St. matrix convert). I think he's trying to say that if we get to that point, ya might want to head for Mexico and take your chances with the cartel. Nice hat... 

harry tuttle's picture

Your response should always reflect your level of certainty.  And, like the Boy Scouts say, "be prepared".  Alternatively, "hope for the best and prepare for the worst." 

Mr. Harrison is, nonetheless, clearly calling it like he's seeing it at the moment.  In that context, it would seem that some version of "going dark" might well be prudent.  For some, that might simply mean playing the cards close to the vest or, possibly, cashing in altogether and getting small.  If you're more certain than he is, best get on to the guns and butter there Turd, I know I have.

HT

Mitchman's picture

It is difficult to not feel that the best thing to do at this time is to save one's powder and watch TPTB destroy themselves.

merehuman's picture

Mitchman, +1000 . Here is hoping sooner than later. The whole world is waiting...

JLee2027's picture

It's hard praying for destruction, so I try to say something simple like "Lord remove those in power who abuse it".

Of course that would be most of the government...

Getagrip's picture

Amen! Remember, God will give us what we ask for. We have what we wanted. Welcome to the harvest... Dr. Charles Stanley (In Touch Ministries) 140 days of prayer to redeem our Nation. Keep Praying...

 

 

 

 

 

Village Idiot's picture

Let's hope "the whole world" isn't waiting - we have enough to work out without the rest of the world breathing down our necks. Screw that.

Village Idiot's picture

To the junkers,

maybe Ishould elaborate - if our financial system goes into cardiac arrest, we will need a safe place to revive and reinvigorate the patient.  While "the rest of the world" may be waiting, I can assure you that many governments will be less than concerned for our well being.  Setting aside the " we deserve it" aspect, we do need to get back on our feet as soon as possible.  It's not all roses in the real world.  I know that doesn't come as a surprise to anyone here.

Rick Masters's picture

News FLASH:In the world outside of this board and the typical ZH paranoia fringe sect (which isn't all of ZH and I know i've been here from day one), Most, like 99.9 percent of people do not want the painful medicine thay y'all are proposing. They don't.

NotApplicable's picture

"Almost overnight, world empathy turned to global condemnation.

If we’ve learned anything through these years, it’s that unintended consequences tend to come full circle."

One man's unintended consequences are another man's raison d'être. Black swans/white swans etc.

World empathy was turned to condemnation for a reason. That day (official start of the Iraq war), I made a conscious decision that drinking every day was required in order to survive its implications.

Bartanist's picture

There are other solutions.

As Einstein said: "An education is something we get when we forget everything learned in school".

There is more to our life than the obvious. The enemy that works to divide us understands. Do you?

Cast away the improbable.

DoChenRollingBearing's picture

OK, how about drinking and gold?

I really don't have any idea who the enemy is anymore, other than those who take away our liberty and money (.gov and banksters).  To Hell with 'em.

May I have some more gold, Sir?  And another sip of that ice-cold vodka, Sir?

SWRichmond's picture

I really don't have any idea who the enemy is anymore, other than those who take away our liberty and money (.gov and banksters).

I'm assuming by dot gov you include the rent-seekers, as do I.  If so, then your list is complete.

And another sip of that ice-cold vodka, Sir?

At my age, drinking and training are incompatible.  Guess which one is falling by the wayside?

DeltaDawn's picture

search "colloidal gold" to drink it (if you desire).

downrodeo's picture

I don't often say this but, it sounds like you could use some Goldschlager.

JLee2027's picture

World empathy was turned to condemnation for a reason. That day (official start of the Iraq war), I made a conscious decision that drinking every day was required in order to survive its implications.

Stop it. The condemnation was 100% contrived.

DaveyJones's picture

boy those iraqis are good actors and the dead ones are so Stanislavsky

downrodeo's picture

What a thing to say. I suppose you must have evidence for this, or were you just telling us  what you think?

TooBearish's picture

The 2-20 multi billion $ hedge fund model is seriously coming into question.

Small is beautiful if you want to play the game.

Anyway, there is way too much capacity in the "financial services" space, its about time it was sized more proportionally to the overall economy.

What we need is PhDs designing better energy and transportation solutions rather than sussing out leveraged CDO, CLO, HFT crap to make a living.  I say tax the everliving crap out of those activites and get the programmers and engineers working on a fuel cell for the home to replace the gotdam oil burner.

Theres an industrial policy on the cocktail napkin for ya.  Booyea

sid farkas's picture

I'm an HFT programmer with a degree from MIT. How about stop taxing me so I can pay back loans/afford a home. Then I can get on with more worthy (in your mind) pursuits.

By the way, how do you know what *we* need? If you need something, pay for it, otherwise MYOB.

 

 

TooBearish's picture

Congrats, you are clearly applying your hard earned skills in the most lucrative field with your qualifications and creativity.

My point is that if we had an industrial policy, perhaps if there were the proper incentives, talents like yours would serve society a greater good (beacuse not everyone can go to MIT) and pay you equally or better in a career away from financial engineering.  Its such a shame that you feel the need to rent capital and steal from pension funds in order to make a living.

 

I do know we "need" energy - just a thought on the fuel cell thingy.  But now I will try to MYOB.  

sid farkas's picture

This is the problem, the only "proper incentive" is free enterprise. When you say "industrial policy" you're talking about putting government in charge of it. We already know what that brings us, terrible investments in ethanol and solar tech. Pouring money down the drain chasing nuclear fusion, which is perpetually 50 years away from becoming feasible.

Really good ideas are always considered crazy before they become widely accepted. That makes them the least likely ideas for government to fund. I have crazy ideas of my own which may or may not turn out to be good, but I know the only way I'll get to look into them is if I self fund them.

I know what theft is, it's stealing from hardworking people via taxation, to fund things like war and "industrial policy".

 

Ultranaut's picture

In the real world we have a government. It's an unavoidable situation that we have to make the best of. An industrial policy which re-allocates capital from the assholes on Wall St. into actual productive activities is a much better idea than pretending free enterprise will solve the problem. We don't have free enterprise, and we never will so long as Wall St. is calling the shots.

 

The reason crazy ideas don't get funded by the govt. is because they are inevitably used as fodder for political propaganda.

Maniac Researcher's picture

In the real world we have a government.

 

I'm surprised you didn't get junked for merely admitting that here, Ultranaut. It's nice to see a realistic view rather than the all too common "after (I hope) everything collapses I'm going to do X.."

We don't have free enterprise, and we never will so long as Wall St. is calling the shots.

Hence, in my mind, the real question: how do we end Wall St.'s stranglehold on the government? I see many intelligent people that could devote their mental energies to this problem. This is what I am working on - instead of jumping directly to the conclusion that nothing at all can be done until after a collapse.

Jeff Lebowski's picture

We already know what that brings us, terrible investments in ethanol and solar tech.

Maybe I misread that...

We already know what that brings us, terrible investments in ethanol and solar tech.

Holy Santa Claus Shit!  Now you did it...  Prepare for the wrath of Leo...

 

akak's picture

Oh, the shame and horror, to be flogged by Leo with the intellectual and moral equivalent of a wet noodle!  What dishonor, what disgrace!  How COULD anyone bear it?

The wrath of Leo = a kitten's 'roar'

Rusty Shorts's picture

@sid farkas

"Really good ideas are always considered crazy before they become widely accepted"

 

You mean like the expanding earth idea? expanding oil? expanding forest?

 

Bartanist's picture

LOL ... the only propr incentive is personal freedom. Maybe you see "free enterprise" (which is not really free BTW) as the only proper incentive.

Do you realize that you are a slave to "fiat"?

What is fiat exactly? There is more to life... work on it.

Village Idiot's picture

"There is more to life... work on it."

bumper sticker!

 

1100-TACTICAL-12's picture

Let me know where to purchase this one.

juangrande's picture

There has not been "free enterprise" nor will there ever be. Enterprise can exist only within a framework of laws and protection, be it thru "agreed upon" society or tyrannical power. It all costs something. But to work for something that you know benefits most instead of an elite few can dramatically change your state of mind. As far as pouring money into these examples you proffer; a mere pittance compared to some more wasteful and destructive spending. More distraction and/or political bone throwing than anything meaningful.

JLee2027's picture

Free enterprise is conducting your business following God's law and without Government interference or nannyism. That is the Christian and Founding Fathers view of free enterprise. 

RichardP's picture

God's law includes debt forgiveness in Jubilee years, giving to Caesar what is his and giving God what is his, taking care of family and then others, and the commands to replenish the earth, turn the other cheek, and do unto others as you would have them do to you.  Are those the laws you were thinking of when defining Free Enterprise?

DosZap's picture

Richard,

Jubilee year debt forgiveness applied only to Jews( also,we are not under the Law, and most here are not Orthodox jews)............the rest, I can agree with.

Debt forgiveness is called Bankruptcy now.(if you qualify)

RichardP's picture

My point exactly.  He did not distinguish among which of God's laws his Free Enterprise would be governed by.  So - not a useful statement, being so vague.

JLee2027's picture

There is no need to distinguish. 

Oh regional Indian's picture

Juan, good points.

Truth is, we are at a point in our evo/devo-lution when we will begin to question the meaning/worth of everything. Including enterprise/work (free or otherwsie), contribution (to self or society) and all the associated structures that have brought us to where we are today.

For a sobering look into the effects of "free" Enterprise, please see the following, on wealth distribution courtesy Business Insider:

http://tinyurl.com/2enhvcv

When the "balance" is so far off (and we can be assured that in a fractal world, it reflects our general out-of-balance-ness), hard resets lie ahead.

The tone of this piece sounded like a dirge to me.

ORI

http://aadivaahan.wordpress.com

abc123's picture

Sid, you should just make money quietly (good for you!!) and not try to justify yourself.  It only makes you look pensive to defend your "proper incentive".  You know the game is rigged and you should not preach.

Today, "industrial policy" puts several enemy sovereigns ahead of the US: it dictates the production of smart technical people, it provides a tariff shield and it encourages vertical integration that leads to better national security around vital industry sectors.

You can wrap yourself in a flag of "free enterprise" to justify yourself but in the mean time the Chinese are stealing us blind.  We are losing that battle. 

We need to create things here so there is tangible value underpinning our money -- not just services.

 

tmosley's picture

Right, and keep looking the other way while your masters pick our pockets?  I think not.

When Wall Street is getting money from the Fed and the Feds, anything you do is our business, by definition.  Of course, if your particular firm doesn't accept money from Federal sources, then kudos.

I'm all for not taxing people, though.

sid farkas's picture

no bailouts here. We are not TBTF, I can count the number of people in my office on one hand.

Bartanist's picture

Classic... almost as fulfilling as a Yatch full of fiat.