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Guest Post: Suicide is Painless
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Submitted bu Jim Quinn of the Burning Platform
Suicide is Painless
Everyone has watched one of the best TV series of all-time – M*A*S*H.
You also know the tune that played during the opening credits as
helicopters delivered wounded soldiers to the 4077 Mobile Army Surgical
Unit. Most people have never heard the lyrics that go with the music.
The song is Suicide is Painless and the lyrics were sung during the M*A*S*H Movie.
As I watched the movie a few weeks ago, the lyrics struck home. Our
country has been slowly committing suicide for the last 40 years. The
movie and TV series were set during the Korean War. It is fitting that
military spending is one of the major causes of our suicide as a nation.
On an inflation adjusted basis, the US has doubled spending on Defense
since 1962. It is on course to rise another 20% in the next four years.
Dwight D. Eisenhower warned us about the military industrial complex in
1961:
“In the councils of government, we must guard against the
acquisition of unwarranted influence, whether sought or unsought, by the
military industrial complex. The potential for the disastrous rise of
misplaced power exists and will persist.”
The fact that the US currently spends 7 times as much on Defense as
the next nearest country is proof that the military industrial complex
has gained unwarranted influence and a disastrous rise of misplaced
power has occurred.
U.S. DEFENSE SPENDING
When you critically analyze why we would need to spend 7 times as
much as China on military when there is no country on earth that can
challenge us, the answer can only be OIL. Our own military came to the
following chilling conclusion in their Joint Operating Environment
report, issued earlier this year:
By 2012, surplus oil production capacity could entirely
disappear, and as early as 2015, the shortfall in output could reach
nearly 10 MBD.
A severe energy crunch is inevitable without a massive expansion
of production and refining capacity. While it is difficult to predict
precisely what economic, political, and strategic effects such a
shortfall might produce, it surely would reduce the prospects for growth
in both the developing and developed worlds. Such an economic slowdown
would exacerbate other unresolved tensions, push fragile and failing
states further down the path toward collapse, and perhaps have serious
economic impact on both China and India. At best, it would lead to
periods of harsh economic adjustment. To what extent conservation
measures, investments in alternative energy production, and efforts to
expand petroleum production from tar sands and shale would mitigate such
a period of adjustment is difficult to predict. One should not forget
that the Great Depression spawned a number of totalitarian regimes that
sought economic prosperity for their nations by ruthless conquest.

The U.S. military knows we are on the verge of an oil crisis. There
are no new supplies ready to come on line before 2015. The President and
his advisors know that an oil crisis is in our immediate future. We
have military bases in Saudi Arabia, Iraq, and Kuwait. We have active
fighting forces in Afghanistan and Pakistan. We have a naval armada of
aircraft carriers in the Persian Gulf. Our forces completely encircle
Iran. Is this a coincidence when the countries with the largest oil
reserves in the world are noted?
- Saudi Arabia – 262 billion barrels
- Iran – 133 billion barrels
- Iraq – 112 billion barrels
- Kuwait – 97 billion barrels
The war on terror is a cover for access to the hundreds of billions
of barrels of oil in the Middle East. A 10 million barrel per day
shortfall by 2015 would be disastrous for a country that consumes 25% of
all the oil in the world. Our hyper-consumer society is like a drug
addict, dependent on its oil fix. If we are denied oil for even one day,
the withdrawal symptoms would be traumatic and harrowing.
There are 255 million passenger vehicles in the U.S. Our society will
collapse within weeks without a sufficient supply of oil. The average
American’s only concern about oil is when they get a card in the mail
from Jiffy Lube telling them it is time for their 5,000 mile oil change.
They stick a hose in their gas tank and fluid pours out, allowing them
to motor freely around mall dotted suburbia. Within five years they will
be paying over $5 per gallon for this fluid or they will be waiting in
lines for three hours to get 10 gallons of that precious fluid. Peak
cheap oil has been predictable for decades. The Department of Energy was
created 31 years ago. Preparing for peak cheap oil would have required
some pain, sacrifice and forethought. But, suicide is painless.
Visions of Things To Be
Through early morning fog I see
visions of the things to be
the pains that are withheld for me
I realize and I can see…
That suicide is painless
It brings on many changes
and I can take or leave it if I please.
Suicide is Painless – M.A.S.H. Movie
As I peer through the fog and attempt to see visions of things to be,
I see nothing but pain ahead. Anyone who can look at the following
chart and not conclude that there is much pain ahead for this country is
either a Goldman Sachs banker, a Federal Reserve Governor, or a bought
off politician in Washington DC. It is no coincidence that after Richard
Nixon closed the gold window in 1971 and allowed the Federal Reserve to
“manage” our economy that total debt outstanding in the US surged from
$2 trillion to over $50 trillion. GDP has risen by 1,300% since 1971,
while total US debt has risen by 2,600%. Now for the kicker. Real GDP
has only gone up by 292% since 1971. This means that 1,000% of the
increase in GDP was from Federal Reserve created inflation. Over this
same time frame, real wages have declined by 6%, from $318 per week in
1971 to $299 per week today. Inflation has been the American drug of
choice to commit suicide over the last 40 years. It is stealthy,
seemingly painless, and deadly.
Inflation is the “painless” method through which the Federal Reserve
has decided this country will commit suicide. It is like turning on the
car in the garage and letting the carbon monoxide slowly put you to
sleep. The ruling elite are content that the American public is dumbed
down by the government run public schools. They count on the fact that 9
out of 10 Americans do not understand inflation. It is an
insidious scheme of robbing the working middle class and funneling it to
the Wall Street/K Street ruling class. The Federal Reserve has gotten
bolder in the last few years as they realized the public doesn’t
understand or care what they do. Bernanke has relished in the mainstream
media adulation that he saved the world with his printing press in
2008/2009. Even though critical thinkers know for a fact that it was
Federal Reserve policies that created the worldwide financial
conflagration in the first place, the corporate mainstream media and the
Wall Street beneficiaries have been cheerleaders of Easy Al and
Helicopter Ben. These men are traitors. They have purposefully
impoverished senior citizens and the working middle class in order to
enrich their ruling elite masters on Wall Street and in Washington DC.
Ben Bernanke on Wednesday afternoon will announce Quantitative Easing
Part Deux. This is a fancy name for Ben printing $1 trillion out of
thin air, buying US Treasuries and/or more toxic mortgage securities and
artificially lowering interest rates to convince Americans to spend
money they don’t have. Jeremy Grantham, in his recent quarterly letter,
issues a scathing indictment of Bernanke’s methods:
“For
all of us, unfortunately, there is still a further great disadvantage
attached to the Fed Manipulated Prices. When rates are artificially low, income is moved away from savers, or holders of government and other debt, toward borrowers. Today, this means less income for retirees and near-retirees with conservative portfolios, and more profit opportunities for the financial industry; hedge funds can leverage cheaply and banks can borrow from the government and lend out at higher
prices or even, perish the thought, pay out higher bonuses. This is the
problem: there are more retirees and near retirees now than ever
before, and they tend to consume all of their investment income. With
artificially low rates, their consumption really drops. The offsetting benefits, mainly shown in dramatically recovered financial profits despite low levels of economic activity, flow to a considerable degree to rich individuals with much lower propensities to consume.”
The ruling elite in Washington DC and Wall Street decided that fraud,
misinformation and cooking the books was preferable to the pain of
honesty, orderly bankruptcy, and assets valued at their true worth. Ben
Bernanke ”saved the world” by putting the taxpayer on the hook for $1.5
trillion of toxic mortgage garbage he bought from his masters on Wall
Street. John Hussman describes the decision to choose painless suicide
over choosing painful medicine to cure our disease:
“Over the short run, two policies have been primarily responsible
for successfully kicking the can down the road following the recent
financial crisis. The first was the suppression of fair and accurate
financial disclosure – specifically FASB suspension of mark-to-market
rules – which has allowed financial companies to present balance sheets
that are detached from any need to reflect the actual liquidating value
of their assets. The second was the de facto grant of the government’s
full faith and credit to Fannie Mae and Freddie Mac securities. Now,
since standing behind insolvent debt in order to make it whole is
strictly an act of fiscal policy, one would think that under the
Constitution, it would have been subject to Congressional debate and
democratic process. But the Bernanke Fed evidently views democracy as a
clumsy extravagance, and so, the Fed accumulated $1.5 trillion in the
debt obligations of these insolvent agencies, which effectively forces
the public to make those obligations whole, without any actual need for
public input on the matter.”
The Only Way to Win is Cheat
The only way to win is cheat
And lay it down before I’m beat
and to another give my seat
for that’s the only painless feat.
That suicide is painless
It brings on many changes
and I can take or leave it if I please.
Suicide is Painless – M.A.S.H. Movie
![]()
The
Federal Reserve has incessantly created new bubbles every time one of
their old bubbles has burst, since the elevation of Alan Greenspan as
Fed Chairman in 1987. The bailout of LTCM convinced Wall Street that
uncle Al would come to the rescue if their gambles endangered the
financial system. Greenspan cheered on the internet revolution and
flooded the system for the fake Y2K crisis. When the internet bubble
burst in 2000 and the 9/11 attack struck in 2001, Greenspan aided and
abetted the greatest bubble in history. He dropped interest rates to
historic lows, encouraged the use of adjustable rate mortgages, didn’t
enforce bank regulations, and pretended that he couldn’t see the bubble
forming. Jeremy Grantham explained the Federal Reserve, Wall Street and K
Street conspiracy to avoid the pain of dealing with our long-term
structural problems in his latest letter:
prices may often not be susceptible to manipulation. Low interest rates
may not be enough: they may stimulate hedge fund managers to speculate
in stocks, but most ordinary homeowners are not interested in
speculating. To stir up enough speculators to move house prices, we
needed a series of changes, starting with increasing the percentage of
the population that could buy a house. This took ingenuity on two
fronts: overstating income and reducing down payment requirements,
ideally to nil. This took extremely sloppy loan standards and virtually
no data verification. This, in turn,
took a warped incentive program that offered great rewards for quantity
rather than quality, and a corporation overeager, with aggressive
accounting, to book profits immediately. It also needed a much larger, and therefore new, market
in which to place these low-grade mortgages. This took ingenious new
packages and tranches that made checking the details nearly impossible,
even if one wanted to. It took, critically, the Fed Manipulated Prices
to drive global
rates down. Even more importantly, it needed the global risk premium
for everything to hit world record low levels so that suddenly formerly
staid European, and even Asian, institutions were reaching for risk to
get a few basis points more interest. Such an environment is possible
only if there exists an institution with a truly global reach and a
commitment to drive asset prices up. In the U.S. Fed, under the
Greenspan-Bernanke regime, just such an institution was ready and
willing.”
a once great country. This country, at one time, dealt with its
problems in a realistic manner and was willing to sacrifice, cooperate,
and make hard choices. QE2 will not help our economy or solve any of our
problems.
Is It To Be Or Not To Be?
A brave man once requested me
to answer questions that are key
‘is it to be or not to be’
and I replied ‘oh why ask me?’
‘Cause suicide is painless
it brings on many changes
and I can take or leave it if I please.
…and you can do the same thing if you choose.
Suicide is Painless – M.A.S.H. Movie
disinterested distracted electorate, have chosen to ignore and
defer every tough decision regarding energy, spending, entitlements,
deficits, and infrastructure. The Federal Reserve has
allowed politicians to run the National Debt up to $13.6 Trillion by
imposing no limits on the printing of fiat currency backed by nothing
but promises. Based on Obama’s 10 year budget projections, adjusted for
the real impact of Obamacare and extension of Bush tax cuts, the
National Debt will reach $20 trillion in 2015 and $25 trillion by 2019.
This is truly a suicide mission. We will never reach these levels
because the sweet relief of death will overtake our economic system as
the final vestiges of QE2 painlessly bring about the end.

last ditch attempt to fend off the pain of reality. It will fail.
“Thus, our current policy of QE2 is merely the last desperate
step of an ineffective plan to stimulate the economy through higher
asset prices regardless of any future costs. Continuing QE2 may be an
original way of redoing the damage done by the old Smoot-Hawley Tariff
hikes of 1930, which helped accelerate a drastic global decline in
trade. We may not even need the efforts of some of our dopier Senators
to recreate a more traditional tariff war. And all of this stems from
the Fed and the failed idea that it can or should interfere with
employment levels by interfering with asset prices.”
The only difference between Dr. Bernanke and Dr. Kevorkian is that
Kevorkian helped the terminally ill commit suicide. Dr. Bernanke and his
colleagues at the Federal Reserve have inflicted suicide on a patient
that was healthy and capable of living many more years. The suicide
concoction of fiat currency, debt, military empire, and delusion has
been painless for those in power, but painful for the working middle
class of this country. Dr. Bernanke fancies himself as an expert on the
Great Depression. He is destined to be remembered as the man who killed
America. Suicide is painless, it brings on many changes.
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well said, especially about bernankrupt being dr kervorkian to which i would add nurse hunicutt.
my real equation of bernankrupt and the banksters is more to jeffery dahlmer....
Interesting that real GDP has approximately tripled since 1971. The population has approximately doubled, but average earnings have been stagnant. So all the surplus from that economic growth, all the benefits of technology, productivity, globalisation, everything, has gone to the elite and not benefited the general population in any way.
Stark evidence that the elite are running the economy for their own benefit only and that the only way for average people to improve their situation is for a complete destruction of the existing ruling classes
Here, here, bravo, Mr. Handle with Care. Now, how do we go about the destruction of the ruling elite.
Dispensing with the final scene of Fight Club, which would be thrilling and decisive, aleit never possible in the real world, we must find other means to our end.
We can start today by not voting, or voting for anybody but the candidates on the ballots (actually, the machines will change our votes to whatever they like, so just avoiding the polling places may be the best tactic).
Next, we must starve the beast. Grow your own fruits and veggies and instruct others to do the same. Cut out the Monsantos and McDonald's.
Cut utility bills by using less. Install a small solar panel or two, maybe a wind turbine, get the wasters (I have a neighbor who insists on keeping lights on in every room and two more outdoors almost all night long) to stop their own madness by showing them the reality of lower utility bills. If they don't listen, ridicule them, make them feel shame for their waste.
Kill the big banks. Take all money out of the 15 largest banks and put it in local banks or credit unions.
Keep buying gold and silver.
Fight and avoid taxation at every opportunity.
If opportunity presents itself, harm the interests of corporations. Be creative.
Foster an environment in which everybody is encouraged to be more self-reliant, less wasteful and point out the true enemies: banks, corporations, government at all levels.
It's a small start, but we must begin to take back the nation.
Good suggestions, but I don't feel that the current US leadership has the same sense of morality that made passive resistance effective against the British. I feel they are more akin to the Bolsheviks and moral suasion won't work.
The end result will be violence or serfdom.
And I agree that voting merely adds a sham of legitimacy to the puppet show that distracts the people from their loss of sovereignty
I believe you're right about the violence part. That's why I added:
If opportunity presents itself, harm the interests of corporations. Be creative.
Didn't want to get too graphic, you know, nod, nod, wink, wink.
http://www.cornucopia.org/2009/11/action-alert-senate-bill-510-fda-food-...
http://leisureblogs.chicagotribune.com/thestew/2010/07/csa-home-drop-off...
" They have purposefully impoverished senior citizens and the working middle class in order to enrich their ruling elite masters on Wall Street and in Washington DC. "
& this is what has me livid, absolutely livid. the elderly in this country played by the rules, raised the children, most led a 'stand-up life' & this is the thanks they get. BERNANKE is a traitor & needs to be brought up on charges like the COINAGE ACT calls for. The anger I feel towards WASHINGTON & BERNANKE when I see the oldest & most frail of us in the grocery store with their meager carts of food makes me want to vomit. I urge all who read my comment to extend charity (food) to those who are in need. If you have plenty, then, share with those who do not.
bee, sometimes I love you...
There has been a lot of bad legislation passed over the years that has led to the forthcoming collapse. You can't say your generation did everything right. You were complicit in their crimes, and the systems set up were set up to rob your progeny. It started in 1913, nobody learned the right lessons from the Great Depression, you were there when we left the gold standard in the 70's. Where we are today is no surprise, and a decent amount of the blame falls on the older generations for failing to water the tree of liberty. Hopefully the people of today learn some lessons from the mistakes of the past. I'm doubtful.
... but vagabond is sort of right this time...
We were on the de facto silver standard since 1497 with the Spanish Silver dollar Ocho Reale pieces of 8 that became the basis for stock quotations
http://en.wikipedia.org/wiki/Spanish_dollar
The Continental showed what can happen with bankers like Hamilton and paper money
Constitution and Mint Act of 1792 made species currency the law of the land
http://en.wikipedia.org/wiki/Continental_%28currency%29#Continental_curr...
FDR left the gold standard in 1933 two years after the UK
http://en.wikipedia.org/wiki/Gold_standard
Lincoln was murdered by the crazed lone nut John Wilkes Booth (Southern Secret Service) for his end-run around the bankers with the Greenback
http://en.wikipedia.org/wiki/United_States_Note
We left the silver standard in 1964 after JFK was murdered for his Silver Certificates Executive Order 11110 by crazed lone nut Oswald (CIA) bypassing the Fed
http://www.youtube.com/watch?v=ggADLt4s4pM 2:39
Ronnie Raygun was shot by a crazed lone nut (son of Bush Zapata oil supporter) when he and Volcker cut taxes and weaned Americans off credit with 18%+ interest rates
http://en.wikipedia.org/wiki/Zapata_Corporation
Is there a pattern here or what?
Throw granny under the bus while the big shots can get trillions $$$$$? Wonder whose idea that was?
Wonder what your children will have in store when the time comes?
Is this what passes for critical "thinking" on the angry left?
The article contains a giant contradiction: military spending is (a) unnecessary and (b) necessary to secure the oil we need.
Of course, the left does not acknowledge that Iran, among others, is waging a jihad to destroy the West and impose a worldwide caliphate.
I certainly agree that our spending is out of control, our debt is unpayable and this problem won't be a problem until it's a problem. But in this context, one does have to bring up the unsustainable social spending, especially SS and Medicare whose net present values are around $100T.
Bearster, you've just earned yourself a top spot in government with Bernanke and Bush.
How in the world could you possibly come to that conclusion??
Oh, right. If I point out a contradiction in a leftist argument, that makes me a neocon. If I point out a contradiction on the right, that makes me a democrat.
For the record, I would abolish the Fed, return to a gold standard, abolish the income tax, abolish the welfare state and replace it with nothing, abolish bailouts, stimulus, and the regulatory machine too. I would return US foreign policy to its original and only legitemate purpose: to protect US interests. No more deals with mass-murdering regimes that promise to like us, no more subsidies for communist train wrecks to allow them to continue to get away with it. No more taking from the productive to give to the unproductive, no more demanding sacrifice from the citizens and calling it "virtue".
Does that sound to you like a supporter of Bush and Bernanke?!?
My bad, dude. I thought you were justifying the crimes in the middle east. guess it wasn't clear by that post. We cool?
My bad, dude. I thought you were justifying the crimes in the middle east. guess it wasn't clear by that post. We cool?
Iran, among others, is waging a jihad to destroy the West and impose a worldwide caliphate....For the record, I would abolish the Fed, return to a gold standard, abolish the income tax, abolish the welfare state and replace it with nothing, abolish bailouts, stimulus, and the regulatory machine too.
Do you realize that pointless wars against Muslims would not be possible without the fiat currency system? Ending the Fed will mean much smaller government in all areas. Maybe I shouldn't have tipped you off.
Well, nice try, but you still miss the mark.
NOWHERE is anyone addressing the issues of declining resources, what that will mean to civilization. Stupid Left vs. Right petty bickering/discussions are just that- PETTY.
This is mostly a libertarian site. While I find that such ideology comes closest to presenting a more accurate picture of things, it STILL if fucked up in that it fails to account for the fact that growth is henceforth dead. I mean, what do people think is going to happen when the majority of people are wrestling for food? They're arming unemployment office in Illinois(?).
100% correct. Unfortunately, many on this site believe in the "superiority" of the civilization experiment.
Hey, all you need to do is vomit up all that KoolAid you drank about Iran and clear it out of your system and you'll be fine by me.
Is this your version of 'critical' thinking - mouthing the bs fed to you by the govt and the media? How can you make a blanket statement that 'Iran wants to destroy the west and impose a ww caliphate'? Are the Iranians out of their minds? The American elite said the same thing 25 years ago about the Russians. Reminds me of a song by Sting ' The Russians love their children too'. Have you been to Iran or met any normal, non-govt Iranians? It will surprise you, that they too simply worry about making a living, having a good time with their friends and families; they too want peace. All they are asking for is justice to the Palestinians and an end to the state terrorism by Israel, sponsored by the USA. This, and access to oil is the only reason the US has focussed its firepower in the ME.
The first part of this article said it succintly. Why would the US need to spend 7 times as much as China on defense, when a) the US is not threatened by any country, b) China has vastly bigger borders with demonstrably hostile or potentially hostile neighbours (Russia, Japan, Vietnam, India)? Think about that.
Agreed that SS and Medicare are unsustainable, but you gotta admit that US defence spending is the real killer here. Sweden, France, Switzerland etc have generous SS and Medicare, which I'd say are also un sustainable in the long run but those countries are not as close to disaster as the US. The difference is defence spending.
Fwiw: I'm not American, not Iranian, not a Moslem, and do not belong to any ME coountry.
Totally agree, that post about the Roman Emperors paying their military causing its decline is telling for our times.
Nicely put
That's not suicide...that's <dun dun dun> MURDER!
Anal Retentive response:
Should be <DUN dun DUNNNN>
Perhaps it was a verdict rendered by that robot from Lost in Space. ;)
VERY GOOD ! APPLAUSE TO YOU !!! ........... & that is exactly what is going on, the government wants those "oldsters" gone. It is the "oldsters" who know the truth, they are the ones who remember & know that this is not a normal U.S. anymore. The government WANTS us gone, along with the CONSTITUTION. Remember what G.W.BUSH said, "the CONSTITUTION is just a piece of paper ."
Logan's Run, bitches!
I doubt very much that the hit is on for the elderly. They're primarily the one keeping the GOP in office.
Sad fact is, as was rebutted above, these are a lot of people how participated in the big pump-up. Growth was going to end, and at that point it meant that the bribes would end: consider the WWI propaganda that was fed our current batch of elders, they pledged their soul to the company store, and now the company store is going out of business because it can no longer stock its shelves. The process may have been sped up, but it was going to get to this point no matter.
The war on terror is a cover for access to the hundreds of billions of barrels of oil in the Middle East.
don't forget the opium.
http://www.youtube.com/watch?v=Clca6YtYvCI
100% correct. Our boys are guarding those poppy fields over there. Heroin use in the US has increased astronomically since the war began. Any urbanites ages 20-25 can confirm this.
so has oxycontin use, but i guess that's okay since it's "legal".
anywhere south of the Mason-Dixon is completely awash in meth and oxy ur right
these guys are happy to lend a hand:
http://www.correctionscorp.com/
"awash in meth and oxy"
one hell of a volatile mix...the southern speedball.
Evolution in action.
http://www.youtube.com/watch?v=qn4lJqbv7So
Here's what I don't understand. Maybe my homeys here can help me.
So: we can't spend more, and we can't cut more, and we can't stay the same. All three options end, as far as I can tell, in violent disaster.
How can there be any optimism in the status quo? Who are these people, some ZHrs included, who think there is any possible peaceful, non-calamitous way out of the hole we have dug? Please, I BEG you: give me hope! I'm sick to death of technicals (which are proving to be so much so that they are anything but useful) and trend analysis, and over thinking, and minutia, and cloud-nine dreaming, and just utter INSANITY that I think I'm going to squirt blood out of my eyes.
How can an election help? How can austerity help? How can a sudden overthrow of the entire US government by Libertarians help? With NO apology to my atheist friends out there, how could even GOD help?
I am looking for sunshine. ANY sunshine. And, aside from my own assurance of salvation, I see none.
My children, one of then recently an Eagle Scout, two of them adopted from Colombia, have, as I see it, no future at all even faintly resembling the one I was lied to about.
Yet MarketWatch pornographers et. al. are constantly using words like "Cheer" and "Buoyed" and "Optimism"... What are they, and yes, even some of you, seeing that I absolutely am NOT seeing!?
*whining session over*
Thank you. My men will be with you shortly.
You can cut my social security, just stop taking it out of my paycheck. Why should I keep paying if I'm not going to receive a dime. See this is what causes social unrest, you have to keep paying yet you won't receive a dime.
See Mako's comments above. We are talking when, not if, things go finally pear shaped. If you're lucky, you won't be around.
Btw, where's Trav7777 ? This is an oil related thread too...
"If you're lucky, you won't be around."
I HOPE I'm around in the next couple of years..
Stick around a while and we'll roast marshmallows over the ashes of the Empire. There's your sunshine!
IMO it all boils down to durability and adaptability, both physically and mentally (and I suppose for some spiritually). And... this is a big and... you must have the ability to think critically and then act on this thinking - to both enhance adaptability and not destroy durability.
The light at the end of this tunnel is through thought first, action second, and passing along the valid results third - - all while enhancing your own (and your childrens) adaptability and maintaining durability.
The changes ahead may be painful, but the suffering is optional.
Good answer, and I agree. But my REAL question is: what do these financi-o-porn folks see that gives them ..."hope"...
Or is it just a members-only game of circle-jerk?
Tomato - agree with your central comment above. I don't think it is about hope for the financiers. I think the system is performing as it was designed by them. Collapse was destined (as is any interest-bearing money-creation system). The goal wasn't perpetual motion, just to keep it going for as long as possible. There might be more time, and maybe not. I think all of the actions aren't meant to fix anything (though another bubble - if it grew - would delay the inevitable for a bit), but one last opportunity to siphon as much as possible...
Hope exists a bit in the masses, because many arguably are 'better off' in a credit-diven system (as long as their debts are rolled) since we are all clearly living about our means. Also, it's hard to imagine what the next system would look like, and therefore many might prefer the "devil they know".
Losing ALL hope is freedom. These things happen on planet earth. Smoke a joint and go bowling. Abide dude.
I can't argue.
The Dude Does Abide...
Calmer'n you are, Dude...
Losing ALL hope is freedom.
That Janis Joplin crap doesn't fly. Look where it got her. People who try to tell you that freedom is something that only losers can obtain are not your friends.
Those are actually the words of Tyler Durden in Fight Club. Ur dead, I'm dead. We're all dead in the long run. Anyone can obtain it, not just losers, if you free your mind. But you probably will call me a hippie scumbag or something to that extent.
The idea that freedom is obtained through loss is pernicious regardless of the source of the quote. Freedom comes only through means not by wants.
The things you own...end up owning you. You can obtain all the means you could fathom, but you're still gonna die and until you accept that, you are not free to pursue your true interests as a sentient being. Acquisition is a crude and primitive route to freedom.
If you plant a flower in cold, hard ground where there is no light does it find happiness?
happiness is a choice. Life is a struggle. Peace is death. Death is Peace. Do what you can to make it better for all while you are here. You will not find happiness if you search for it outside yourself.
Wow. You're all over the board with that.
Tomato, I've posed the same question to anyone who will listen and who seems to have a bit of sense - Can you see a good way through this? Please...show me. The blank stares and misdirection I get in answer leave me with despair. Unfortunately, I don't think this one can be dealt with on the margins.
IMHO, We have not yet had the pain necessary to precipitate acceptance of the reset that will be required.
Inflating your way out of this hole is a slim possibility, one that BB & Geithner are keen on. But that will lead to a loss of US power overseas with the loss of reserve status for the dollar. The only other way out is default in some form or other. Some of these liabilities will be defaulted on.
I suppose some huge new source of (preferably clean) energy would do it.
Not holding out much hope however.
You're asking a question with no good answer. One way or another, we are going to be facing a lot of pain. It really matters not who wins this election, at least not in a financial sense. We are going to crash and burn regardless. The importance of the election lies in how much freedom we have to survive and rebuild afterward. The way things are going now makes "The Day the Dollar Died" seem all to plausible.
There's not now, nor will there ever be, enough money to pay current expenses, much less money owed.
That means we are going to have to manage the debt levels and make sure that we spend with wisdom
(and maybe some people are going to have to give back ill-gotten gains which would help everybody including the debt levels)
Nobody wants to take charity in case Glenn Beck is trolling today
The only thing that might provide some hope to me would be to see more rational, adult conversations on the true nature of our predicament. There is no "solution" however having an understanding could result in some mitigating steps to lesson future pain. The reality is that we are driving at high speed towards a cliff and no one understands what is going on.
If you do find this thing you call "hope", please send some my way.
The ONLY hope that exists is that the sun will rise tomorrow. Can anyone top that?
The optimistic view that I subscribe to is that the coming Jubilee will wipe out the parasites so quickly that they won't have time to kill the host.
Do you feel better now?
All we need is love.
Seriously (sortof). Everything comes down to psychology. If the herd is feeling optimistic, things will get better...until the herd starts to feel pessimistic, at which point things get worse. And the feelings of O or P are endogenous. Facts and logic have no place there. Headlines and data will follow. Feelings first.
I think Prechter has at least that part right. Being able to accurately quantify it through waves...I don't think so.
Prepare for the worst. Hope for the best. And for crying out loud, get out of ZH and get some fresh air for a while--a LONG while. These people just drag you down.
MASH was a war propaganda effort orchestrated by the CIA. It was used to make the horrors of war(human casualties) more acceptable to the sheeple.
Dumbest comment ever, with all due respect. You've obviously never seen M*A*S*H.
Virtually every episode had Alan Alda crying in his soup about the evils of war.
Some things DO happen without the help of the CIA.
Good to see your shallow thoughts did not include the possibility that Alda represented the American collective conscious as framed by the CIA psyops spooks.
Please change your user name to Sheeple-1. Ty.
Fortunately I see that you are just being sarcastic. Nobody who could answer the captcha question would be dumb enough to actually believe what you are "saying..." (wink-wink)
This message was approved by the Central Intelligence Agency of the United States of America.
wars have always been there and wars will always be with us, its the ONLY way any country or a system ever achieved its objectives. Numbed, drugged hippies are the real sheeple
I prefered the CIA camp to the KGB camp and YOU WOULD TOO if you ever had to eat grass but its easy to critisize from your comfortable capitalist residence
I always wanted Col. Flagg to shoot Hawkeye,but that episode never came.
even if it was so what ??? compare south (living good lives) and north (starving) korea today and see why south is more than happy to have had the CIA and Americans behind them as oppose to be eating grass today....
If only the US didnt allow the jews to take out the nuclear secrets out of the country to all the commies lives of many good people on this planet would have been much better.
Any problem you look at today in America, I see Jews or commies behind it
Wow. No room in there for irresponsible, consuming, underproductive, overweight, soft, forgetful, shallow, myopic, lazy, short-sighted, plain old Americans, is there?
Jews and Commies. Good Lord.
you are changing/ignoring the topic (CIA, Korean war, wars on commies)
BUT as far as today's problems, all your above mentioned facts are true in some Americans, but unless you havent been to other parts of the world you must be dreaming if you are thinking its better there when it comes to being:
irresponsible, consuming, underproductive, overweight, soft, forgetful, shallow, myopic, lazy, short-sighted
The hardest working people today are still Japanese, Americans and Germans
O.K. Fair enough. I still think its reckless to pool Jews with communists, though.
Dub. Sorry.
Yep debt and inflation thats what we get from the Federal Reserve.
MASH was also, to anyone who has ever been in the Army, exactly the way things were and are in the military, at least down in the ranks. As for any attempt to make the horrors of war more acceptable - do you mean sparing the public the sight of actual bleeding dead bodies? Have you ever watched the crowd around a fatal car wreck? The sheeple love the sight of (somebody else's) blood and gore almost more than they love watching sex. The Sheeple are already far more twisted than any TV program could make them, and far more ready to accept and glorify war than any Yale graduate CIA plotter could possibly want.
Human nature has been the enemy since day 1.
Then the solution is obvious. Insert barrel in mouth and pull trigger. The rest of us who are not psychotic will thank you. That "man is evil" crap is just more propaganda to keep people dispirited and under control.
I'm not calling man evil, I'm saying that the struggle with our dark side has been the struggle since day one. You sound more psychotic than me since you are advocating that I kill myself.
There is no "our dark side." Society includes 2-3% sociopaths, many of whom become either mass murders or politicians (same thing) and they are responsible for the "dark side." Most folks are decent, honest people who get along just fine as long as they are not told that they are bad, bad, bad and must be led, led, led.
Everyone has a dark side. It is within all of us. There is no "us" and "them". Some people are more dark than others tho. If you don't have a dark side you must be an angel, and I don't think you are since you earlier advocated my suicide.
What do angels have to do with anything? I am a man. You can not define me into degeneracy or servitude with psycho-babble and mystical nonsense.
What I mean is that no one is perfect. Everyone has a dark side. U sound to me like someone who sucks up to Ayn Rand's penis-envy.
Thanks for recognizing my Objectivity.
Please note that "no one is perfect" does not lead to the conclusion that everyone has a "dark side." To err is human, not demonic. I make mistakes. I get up and brush myself off and get on with the business of living. I try to learn not to repeat my errors.
you're arguing semantics. when I say angel or demon i am referring to the very same things you are referring to. Reality is Subjective.
Reality is Subjective.
If you believe that reality is subjective then you must concede that for some people it may be objective. Please note that those objectivists will tend to be more successful than the subjectivists who are not able to tell the difference between shit and shinola as a matter of choice.
Very well done. Ben will be taken to the gallows when this is all said and done.
The author certainly makes some valid points in this article, but also commits the classic error of assuming that correlation equals causation and circular thinking. While I think many of his conclusions are correct, his arrival at those conclusions may be deeply flawed.
The first time I watched the MASH movie, I was shocked when they sang the "Suicide Is Painless" song and made jest of the doctors in the MASH unit encouraging one of their peers to commit suicide. Personally, I think this article is equally irresponsible despite that I agree with many of the author's conclusions. It's the way he got there that I object to.
To whomever junked this post by sbenard: does junking serve as a lazy way of saying "I disagree" so you don't have to say why? Junking should be reserved for breathless conspiracy theory, spam, hostile or offensive content, etc.
Instead of telling us how irresponsible the article is, explain WTF you mean. You make the classic error of trashing someone with no facts to back up your contention. Please enlighten us with your vast wisdom.
A beautiful piece, Jim.
I'm torn about who history will hold more accountable, however. While you're probably right about the Fed ultimately taking the blame, the recent coup de grace would not have been possible without the active support of a law enforcement community that stopped going to work.
Capone was bad, but you have to expect criminals.
It's when the cops no longer serve the law that we are truly lost.
I hope that FBI Director Mueller will be properly remembered.
I dunno. Everyone's calling for Bernanke's head, but isn't he just the messenger? I mean, nobody thinks that he actually makes any real decisions, right? He's just doing what he's told.
And anyway, let's face it: the only way we're going to get out of this massive debt is to monetize it. There is no real alternative.
That said, if you're going to monetize the debt away, the other thing that MUST happen is, stop creating MORE debt-- the Federal Gov't (and its budget) MUST be reduced in size by 90%.
When Eisenhower was president the top income tax rate was 91%.
It's just around the corner.
The nominal top rate might have been 91% but nobody actually paid it. Lots more loopholes in the tax code back then.
Who gives a shit. The point is that there is plenty of upside potential for the taxman.
In 1775 Americans started a Revolution over a 2% tax rate.
http://bit.ly/a40iRk
If Ben is the messenger, who exactly calls the shots ??? in the end it doesnt matter just like it didnt matter for the dead kulaks when stalins commisars where just the messengers delivering the bullet to the head.
Ben could say no, could step away from the job, many have, why doesnt he ???
Because he wants it
Since when is the Feds goal to get out of this massive debt ??? You have evidence ? I see not, exactly the opposite THE WANT THE DEBT to become soo big that the dollar collapses, that is their goal, dollar collapses and that brings the change bama wants
Who calls the shots? Have you forgotten that the Federal Reserve is a privately owned institution?
First, find out which entities own the Federal Reserve, then find out which people own the entities that own the Federal Reserve and you'll have your answer.
Ok and then what ??? is the overweight middle class gonna load their weapons and head to NYC and DC to remove "the makers" or will they wait orderly in their cute suburbs for the complete collapse ?
Bernanke lied. Often. All other liars should lose their heads as well. Or am i wrong and its OK to lie to your nation and thereby cause great harm?
suicide is relatively painless for yourself, but instead inflicts the pain on everyone else.
this is not suicide, the title makes no sense as "the makers" are not going to destroy themselves. this is the murder of the middle class plain and simple.
unless the middle revolts, unless the military and police take their side and execute every one of the gangsters
unless the middle revolts, unless the military and police take their side and execute every one of the gangsters
What does it say about a society when a "revolt" must be mounted with the goal of getting the police to enforce the Rule of Law?
it says its time for "menstruation"
Menstruation ROFL
Row row row your boat gently down the stream.
Merrily merrily merrily life is but a dream.
"Richard Nixon closed the gold window in 1971"
The reason he closed it was that European countries wanted to swap their dollars to gold in everincreasing amounts and that would have emptied the Treasury quite fast if continued.
so by closing the gold window he and the next presidents didnt empty the treasury ???? because its pretty empty, unless you count the worthless printed matter they produce
No, the Treasury is quite full, of IOUs, that is.
Bad debt, bitchez.
Sorry, couldn't resist.
So you're defending the US's default on its international obligations rather than faulting it for running an international fractional-reserve bank?
__________
The state can kiss my ass.
Money has been almost always fractional one way or another, like it or not. Even ancient coins were not exactly pure silver or gold all the time. There are also central banks older than USA itself and they are still doing just fine. FED is one of the very young central banks.
Even if gold were the only money available, it would be relatively easy to forge fake ones with modern material technology. Those fakes would be so good that without very costly electronics gear it would be really hard to spot one.
Bearster was correct and should not have been junked. One can not be an Angel in a resource-short world or one will freeze in the dark. Energy Returned On Energy Invested in regards to Solar and Wind Power will have us freezing in the dark and very hungry.
China knows this salient fact and is positioning itself forcefully and diabolically so as to checkmate The West, (while The West fritters away its strength by refusing to reform its corrupt financial system that is tied to a mostly corrupt Beltway).
The Eye of the Needle is nearly closed. And a Resource War with China looms in our near future. The Great Winnowing is just around the corner.
this is the same kind of thinking that got us into this whole human mess. the only way to live on a finite planet is sustainably. Don't know if it will ever happen tho, seems the Civlization mindset is so ingrained in people's brains, they cannot think of another way to live.
There is no "human mess." There is a systemic mess. Those who believe that they can diagnose and cure all the ills of society are the problem. Just live your own life already. You'll be happier and so will the people around you.
Civilization is THE mess, man. We have destroyed the very habitat that we need to survive. We are the only organism, aside from a virus, who does this. The thing is, we can choose whether or not to look at our planet as a "resource" or as our home.
"We" can not chose anything because we are not one creature with one brain. Each man must make his own choices and some will take one road and some will take another. It's mainly through collective idealism such as you espouse that unfortunate persons link arms and march off over the seaside cliffs.
If you're going to keep talking about "we," please realize that I will not be included in your happy, little gang.
ideas shape the world more than anything else. Your idealism sounds suspiciously Objectivist to me. Sometimes collective action by individuals is needed to avert disasters. Altruism is a survival skill as much as selfishness.
You suspect me of employing reason? How dare you. Will it be swords or pistols, sir?
A man cannot live on reason alone. Your objectivity is as much an ideology as any other. Turn your objectivity on yourself. I find Randites to be some of the most obnoxiously closed minded individuals I've come across. It seems they can only parrot Atlas Shrugged as if it were the Bible or the Koran.
And yet I have not quoted Atlas Shrugged in this discussion. Methinks your powers of observation are on the wane. Now choose -- pistols or swords?
It seems to me that people who believe like you, that we can continue to exploit the earth, are the ones truly headed for the cliff.
In what way am I exploiting the Earth? Please be specific.
Inflicting suicide on a healthy patient is called murder. There's nothing painless about it. What do you do when you realize someone is trying to kill you?
I found some old US Silver Certificates in my old cigar box coin collection, along with a healthy stash of old silver dimes, quarters, half-dollars and Standing Liberty dollars.
I be rich.
Suicide is stoopid. Drink a beer and enjoy the simple things.
Silver Coins=Real asset backed US Currency.
For kicks, search ebay- you'll be astounded.
Beer is good food.
Genocide, not suicide.
If, post 1971 GDP is +1300% & US TD + 2600%, and Real GDP + 292%; what is Real US TD?
We're all lion.
good chart showing countries oil reserves, guess we will have to take over Canada and Venezuela
http://www.infoplease.com/ipa/A0872964.html
Greatest Oil Reserves by Country, 2006 Rank Country Proved reserves(billion barrels) 1. Saudi Arabia 264.3 2. Canada 178.8 3. Iran 132.5 4. Iraq 115.0 5. Kuwait 101.5 6. United Arab Emirates 97.8 7. Venezuela 79.7 8. Russia 60.0 9. Libya 39.1 10. Nigeria 35.9 11. United States 21.4 12. China 18.3 13. Qatar 15.2 14. Mexico 12.9 15. Algeria 11.4 16. Brazil 11.2 17. Kazakhstan 9.0 18. Norway 7.7 19. Azerbaijan 7.0 20. India 5.8 Top 20 countries 1224.5 (95%) Rest of world 68.1 (5%) World total 1,292.6
Read more: Greatest Oil Reserves by Country, 2006 — Infoplease.com http://www.infoplease.com/ipa/A0872964.html#ixzz148stjby9
India, again on the bottom of the list. It's like that country follows the laws of nature without resistance, always settling on the bottom of the barrel.
If India was always poor why did Britain rape it so long and so hard?
Britain raped the bitchez there, stole the valuables, and enslaved almost all. All in all, not bad work.
Like I said, the laws of nature without resistance. Like an Indian cow wondering the streets trusting all.
There are a few publications that point out the fact that India did not resist British occupation to any degree, they welcomed it like the Indian cow welcomes the butchers pat on the head and then it's too late.
All this cow talk is making me hungry for a nice juicy steak from a cow, a dead cow.
There are a few publications that point out the fact that India did not resist British occupation
Maybe because that's a patently false generalization?
What? Where you there? I look at the Indians that are here in the US today and imagine what their faces look like if 10,000 fire breathing US Marines were charging their hometown of Bangal-shit. Docile Gandhi freaks.
They would soil themselves and hide behind their sacred cows. That is one country that we should invade and enslave. Liberate their gold, if you know what I mean...
I bet it could be done with 10,000 Marines and a few drones. We need manufacturing and cheap labor. India is the answer.
My problem with the whole hyperinflation POV is Japan. If you had said 20 years ago that Japan will have debt to GDP of over 200% and would be printing Yen, people would have cried hyperinflation and the yen is going to zero. But it is just the opposite.
I am still in the credit deflation camp. I just don't think Bernanke has guns big enough to overwhelm all the bad debt, and if he tries, a bond crash or similar dislocation will stop him.
You may get junked for facing reality;
The mighty Quinn assumes that peak oil is a reality, an assumption which, much like 'global warming' is being increasingly challenged as evidence comes to light of vast abiogenic oil deposits necessitating ever deeper drilling(such as BP's disastrous Mancondo well) to reach the abiogenic reservoirs. Perhaps the recent geopolitical forays into Central Asia reflect more of a political imperative based on full spectrum dominance than is apparent from a mere attempt to strategically secure an assumed dwindling supply of fossil fuels.
The growing specter of global governance and homogenization of disparate nation states under the umbrella of an international financial hegemony necessitates the destabilization and elimination of the US reserve currency and the dismantling of US infrastructure and productive capacity to third world status (already largely accomplished) in favor of a universal monetary structure under the aegis of IMF/World Bank economic regime.
The actual sequestering, interdiction, and delimitation of world oil supplies forms an integral and essential precondition for the imposition of martial law in the US, itself a necessary concomitant for the present aims of international banking and financial cartels. This seems to embody less a recognition of and response to natural and critical problems of supply and more of a consciously scripted blueprint for the encroachment and ultimate destruction of existing social organization, both nationally and internationally.
The engineered financial crisis, peak oil and global warming, and of course the manufactured war on terror are as such nothing less than a warrant for global control through economic attrition and outright genocide. Suicide? More likely, as with so many outspoken critics of the Novus Ordo Seclorum, suicided.
Everything is going according to plan or it's not. Genius.
Abiotic oil debunked here:
No Free Lunch, Part 1: A Rebuttal of Thomas Gold's Claims for Abiotic Oil
http://www.fromthewilderness.com/free/ww3/102104_no_free_pt1.shtml
No Free Lunch, Part 2: If abiotic oil exists, where is it?
http://www.fromthewilderness.com/free/ww3/011205_no_free_pt2.shtml
No Free Lunch, Part 3 of 3: Proof
http://www.fromthewilderness.com/free/ww3/012805_no_free_pt3.shtml
Abiotic Oil: Science or Politics?
http://www.fromthewilderness.com/free/ww3/100404_abiotic_oil.shtml
Please, give me the duct tape. Pressure is building in the head! ZH and the comment threads are loaded with knowing Libertarian ideologues and their cheering section. Fine. I sympathize in almost all areas... except this drumbeat of nonsense on the national defense expenditures. The US$ figures sited in the post are useless unless they are compared with a fixed point, such as GDP. If one uses the expenditures to GDP ratio the story not only gains some meaning but the conclusions are thrown upside down. First, when compared to other countries on the basis of military expenditures/GDP, the U.S. is 28th in world ranking (latest 2006 figures). Not surprisingly the top 10 militarized states are in the ME. Second, using historical data for the U.S. current military expenditures/GDP ratio is lower than the post WW2 average. Sorry, dudes, but the "military-industrial complex" blather is bullsh*t. Should U.S. national defense expenditures be reduced? Yeah, of course, but the strategic reforms required are a complex issue like this and not usefully illuminated by the ideological sloganeering here. The first of many steps would be to renounce the open ended "collective security" commitments around the world left over from the Cold War. And stop being the UN enforcer. But the overwhelming priority #1 in the U.S. - and certainly Europe - is to halt the runaway train of entitlements and regulations. The entitlements proportion of the U.S. federal budget is well over 50% when it was virtually negligible in the late 1950s. The national defense budget is now approximately 25% of the total when it was well over 50% during that earlier period. We need to stop the distractions presented by the ideologues such as this "guest post" and focus like a laser beam on the real problem of the "Special Interest" State (of which a minor part is the "procurement" policy of the U.S. military) that has hijacked the U.S. government at all levels.
The US spends ~$1 trillion/ year on military expenditures.
You obviously have no idea what you are babbling about.
I may have simply missed it, but I didn't see it mentioned that the MIC is the largest consumer of oil on the planet.
The irony.
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