• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Guest Post: Taking Away The Punchbowl

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Fri, 06/03/2011 - 11:05 | 1336016 rajc
rajc's picture

We got a turd in the punch bowl I repeat we got a turd in the punch bowl

Fri, 06/03/2011 - 11:29 | 1336131 serotonindumptruck
serotonindumptruck's picture

'Bout time. Someone's been pissing in that punchbowl for years.

Fri, 06/03/2011 - 11:08 | 1336019 hedgeless_horseman
hedgeless_horseman's picture

06-03 11:07: Variable teaser rates unexpectedly lead to Hell

Fri, 06/03/2011 - 11:01 | 1336021 Alcoholic Nativ...
Alcoholic Native American's picture

We need massive Austerity now or our economy is DOOMED!

Fri, 06/03/2011 - 11:06 | 1336040 SheepDog-One
SheepDog-One's picture

Austerity=about half the country with no means to eat or buy anything at all! 

Fri, 06/03/2011 - 11:35 | 1336185 Alcoholic Nativ...
Alcoholic Native American's picture

lol, yea I know.  Just wanted to see the reaction.

Fri, 06/03/2011 - 12:11 | 1336329 TheTmfreak
TheTmfreak's picture

The only option (I think) they have is mitigate their risk by PERSONAL austerity. Some who are ACTUALLY much worse off than others, may not even have that option. But then again life sucks and everyone doesn't have an equal hand. Best they can come up with is an innovative solution to getting themselves out.

Fri, 06/03/2011 - 13:01 | 1336537 Beam Me Up Scotty
Beam Me Up Scotty's picture

You mean the half of the country with the $120/month satelite TV bill?  Or the ones with the $240/month cell bill?  Or the ones smoking a pack a day of smokes at $6/pack?  I know people who won't take advantage of employer sponsored health insurance because it costs them a couple hundred a month.  About 33% of the premium.  BUT, they have top of the line Dish Network at home.

How about the seniors--If your state has tribal gambling, take a look at who is pouring off the busses into those casinos.  Check out the wheel chairs and walkers.  Is gambling a right now too?

Most people can't figure out what wants and needs are.  Thats the problem.

Fri, 06/03/2011 - 15:04 | 1337078 A Nanny Moose
A Nanny Moose's picture

Check out the wheel chairs and walkers.


You mean Scooter Store scooters...Social Security pays, or it's free!

Fri, 06/03/2011 - 11:09 | 1336050 dark pools of soros
dark pools of soros's picture

that's because we don't have enough people like this lady.. she has the same bank account BEFORE the FED existed...  but screwed up putting in the gold as cash not realizing what was going to happen to money...



Fri, 06/03/2011 - 11:14 | 1336029 treemagnet
treemagnet's picture

We must be getting close - this article sounds like the "despair/hopelessness" stage.

Fri, 06/03/2011 - 11:33 | 1336170 FEDbuster
FEDbuster's picture

None of the players (banksters, the FED, government, Wall St.) will stop playing the game on their own, it's too profitable.  Outside forces (China, OPEC, Russia, etc..) will have to "just say no to the dollar", in other words "cut up our credit card".  No reserve currency status, game over.  Then we get WW3 or Mad Max at home. 

As bad as the current situation is, most people are still eating and driving around in their cars.  If gas and milk go to $10/gallon (income stays flat or goes down), then the domestic tranquillity will be threatened.  So the government's "kick the can" strategy will continue as long as they can use the military to back the dollar's reserve currency status.

Fri, 06/03/2011 - 12:31 | 1336409 flattrader
flattrader's picture

>>>this article sounds like the "despair/hopelessness" stage.<<<

Thankfully he got beyond the "we're ALL to blame" stage which is typical of desparate, ineffectual self-righteous assholes when they can't put their hands of the actual perps...just blame the victims

Fri, 06/03/2011 - 11:05 | 1336030 anarkst
anarkst's picture

It's the religion of, "something for nothing," taken to its extreme.

Fri, 06/03/2011 - 11:09 | 1336031 DeltaDawn
DeltaDawn's picture

I will feel less anxious after the collapse, when people will be responding in a more rational way like we Hennypennys are now. I don't care how hysterical they are, I will still get in a few told yous.

Fri, 06/03/2011 - 11:08 | 1336045 TorchFire
TorchFire's picture

Spike that bowl of toxic swill they are ladeling out to the revelers with a bottle of reality.  It seems that only those not attending the big party are able to see the facts. 


Fri, 06/03/2011 - 11:08 | 1336049 CrashisOptimistic
CrashisOptimistic's picture

This is what the post Peak world looks like in the early stages.

It won't be getting better.


Fri, 06/03/2011 - 11:31 | 1336160 DoChenRollingBearing
DoChenRollingBearing's picture

As ZH-er Gordon_Gekko said months ago (you know, when gold was between $1000 and $1200):


Physical gold only.

Fri, 06/03/2011 - 11:11 | 1336051 alien-IQ
alien-IQ's picture

Want to wake up Americans? Reinstate the draft.

When their very own sons and daughters face the very real possibility of being shipped of to who knows where to do who knows what and perhaps coming home in a pine box for no good reason...then, and only then, will John and Jane Doe finally muster up the courage to ask that long overdue question: What the fuck is going on here and WHY?

Until then...forget it. It's all somebody else's problem and it doesn't affect them...or so they've been told to believe.

Fri, 06/03/2011 - 11:24 | 1336115 optimator
optimator's picture

My service time benefitted me in more ways than there is space for here.  Bring back the draft, but no exemptions.  They don't care what John and Jane Doe think or do, but if it's Hymie and Bonny Goldstein they WILL care enough.

Fri, 06/03/2011 - 11:36 | 1336173 DoChenRollingBearing
DoChenRollingBearing's picture

"Bring back the draft, but no exemptions."

The uber-wealthy will find a way to keep THEIR precious children out of the Armed Forces.  Trust me on that one.

Fri, 06/03/2011 - 14:17 | 1336873 FEDbuster
FEDbuster's picture

Or they will pilot drones from the suburbs of Las Vegas (or maybe the Hamptons?).

Fri, 06/03/2011 - 11:25 | 1336127 Anaxagoras
Anaxagoras's picture

Unfortunately with unemployment/underemployment at 16% - at least, which doesn't include my favorite BLS plug number "persons who currently want a job," a record 6.8 million - more and more young people will continue to turn to the "all volunteer" military as an employer of only resort. No doubt the military is delighted with high unemployment, as the quality of recruits improves, and the likelihood of ever needing a draft seems remote.

Fri, 06/03/2011 - 11:33 | 1336150 NotApplicable
NotApplicable's picture

Yes, this too.

Which means that John and Jane Doe already watch their kids come home in a cardboard box, but instead of outrage, in many it merely reinforces the statist mindset, as otherwise the reality is too painful to bear.

Fri, 06/03/2011 - 11:29 | 1336134 NotApplicable
NotApplicable's picture

Charley Rangel has been peddling this line of BS for years. While the premise is true, the implementation (or reinstatement) of a draft is a trap meant to advance the totalitarian state. That he and you would use enslavement as a political tool is completely unethical.

I'm sure the rulers of world appreciate your service to their cause.

Fri, 06/03/2011 - 11:34 | 1336178 alien-IQ
alien-IQ's picture

You REALLY need to stop listening to Alex Jones.

Fri, 06/03/2011 - 11:49 | 1336247 NotApplicable
NotApplicable's picture

Well, I didn't spend six years in the USMC so that some politician (aided by the mandate created by some of their voting minions) could order my children off to their death.

BTW, that's a really poor try at character assassination. Next time you might want to at least tangentially reference my subject, so it doesn't look so obvious.

Fri, 06/03/2011 - 11:59 | 1336279 alien-IQ
alien-IQ's picture

You spent 6 years in the Marines serving corporations not "your country".

You jarheads will buy any line of bullshit as long as it's draped with the amerikan flag.

Fri, 06/03/2011 - 12:07 | 1336316 newworldorder
newworldorder's picture

That's a low blow brother.

While many can partially agree with your statement after a few experiences in the "school of hard knocks," patriotism was and for many still is the predominant reason people volunteer for military service.

It is a sad day indeed when love of country and service to the same is being now rightly called service to the empire.


Fri, 06/03/2011 - 12:41 | 1336444 TheTmfreak
TheTmfreak's picture

You bring up the problem with over-generalization.

I ALSO have spent 6 years in the USMC.  Everyone who joins and "serves" does so for different reasons. No questions asked some of the best people I've ever met joined. MANY and I do mean MANY are social parasites that skate by and get a paycheck and do minimal, shitty work.  My roommates "baby mama" is the definition of that enough. I call her a wellfare queen. Guess what, she is USMC too.

Back to the point, alot of them, love their country (not government, NEVER lump the two together) and are actually extremely good people. They take individual responsibility very seriously. These people (while in the same organization) should not be lumped with the same disregard with "serving the empire."

Fri, 06/03/2011 - 12:56 | 1336510 Libertarian777
Libertarian777's picture

TRUE patriotism is speaking out and doing what's best for the country even when the entire nation is against you. Ron Paul comes to mind. He's been sidelined for decades, even though he is only looking out for the people.

Going with the status quo is NOT patriotism. Just because the people glorify the military as 'service' doesn't mean its true.


Want to serve your country? go work in a homeless shelter, help educate children (and adults). That's patriotism. No glory, no 'honour' attached.

Fri, 06/03/2011 - 14:22 | 1336901 FEDbuster
FEDbuster's picture

The US military backed dollar (Federal Reserve Note) has enabled us to force other producing countries to hand over their goods and services for a handfull of worthless IOUs.  All those who have served have allowed the rest of us to benefit from the something for nothing economic model for the past forty years.

Fri, 06/03/2011 - 15:48 | 1337307 NidStyles
NidStyles's picture

Having another person judge you is like letting another person decide you fate. It's a violation of the NAP, and should be treated as such.


So much for you being a Libertarian. You sound more like a socialist than a Libertarian.

Fri, 06/03/2011 - 12:45 | 1336461 TheTmfreak
TheTmfreak's picture

Instead of furthering the debate you attempt direct (uncalled for) assassinationsand unproductive discussion. What is your need to automatically cast people as something you don't even know? As it looks to me you have a very single dimensional, flat view on this subject.

I am a "jarhead" and I don't buy any line of bullshit "draped in an American flag." Since this is the case, your argument is false and therefore bullshit.

Fri, 06/03/2011 - 13:30 | 1336652 viahj
viahj's picture

he/she is just a sign of the times of hyper-ideologues arguing (anonymously) using simple sound bites, headlines, dipolar lenses and stereotyping their contrarian opponent to the lowest common denominator all the while they like to use "nuance" to describe their side's behavior.

Fri, 06/03/2011 - 15:44 | 1337283 NidStyles
NidStyles's picture

Compared to you socialist leeches that merely want to suck on the same teet that feed's the MIC?

Fri, 06/03/2011 - 11:50 | 1336250 karzai_luver
karzai_luver's picture

By this date next year the Iraq and Afg "wars" will be seen for what they were.

A total waste.


You will not need to worry about a draft coming back once the lies and bullcrap hit the fan then.

Iraq is a disaster now and will be shown as foolish b.s. from your dear leaders OF BOTH THE CRIMINAL PARTY ELITES.



Fri, 06/03/2011 - 12:36 | 1336427 TheTmfreak
TheTmfreak's picture

Let me explain what you are actually stating.

"Let's fix the broken system using the system"

Do you see the problem with it? All day long we can spout out the "hey we can fix the system only if we do XYZ" solution but it will never be done because the system cannot be fixed BY the very same broken system.

Fri, 06/03/2011 - 11:13 | 1336053 SheepDog-One
SheepDog-One's picture

Its been planned all along, next up is the 'depopulation' stage done thru 'austerity' which means 40-50% of americans can no longer get any food or drugs for their ailments...and theyll also 'annuitize' 401K's and pensions. A pittance 'allowance' by the FED to barely live on IF youre complying with the NWO program and being a good little compliant debt slave. Its coming NEXT!

The Treasury Is Soliciting Your Feedback Regarding The Proposed Annuitization Of 401(k) | zero hedge

Fri, 06/03/2011 - 11:41 | 1336194 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1530

Cash in anything that the government can seize.  I did in late 2008, paid my penalties and taxes, but now it is all mine.

Much of that money has gone into gold.

I did use some to buy bearings though.

Sat, 06/04/2011 - 01:18 | 1338791 StychoKiller
StychoKiller's picture

Roll on, DoChen, roll on! :>D

Fri, 06/03/2011 - 11:25 | 1336064 Mercury
Mercury's picture

Take away the Kool-Aid too. 


Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn't impact them at all.

Maybe if you explain to your wife that the government in this regard is like a sugar-daddy - and when he stops feeding you candy one fine day you'll suddenly find yourself on the sidewalk with empty pockets and saggy tits.  That might drive the point home.

Fri, 06/03/2011 - 12:57 | 1336517 Cthonic
Cthonic's picture

Off topic, but they all aspire to (or secretly pray to heathen godz that) they'll look like Jane Fonda when they're 70, too.  How many men are newly discovering that their retirement accounts are being covertly eyed as future plastic surgeries slush funds by significant others not aging well.

Fri, 06/03/2011 - 11:12 | 1336065 JR
JR's picture

So where are the breadlines?

John Williams at ShadowStats puts the U-6 unemployment rate that includes “marginally attached workers” close to 23%.

Says Nate at Nathan’s Economic Edge today: “Those numbers are calculated closer to the way they were during the Great Depression, and today’s numbers rival those from that time. Of course, they didn’t have 43 million Americans on food stamps, they had breadlines.”

Fri, 06/03/2011 - 11:13 | 1336076 SheepDog-One
SheepDog-One's picture

Hi-tech breadlines today in the form of credit-card SNAP cards so the lady with 4 shopping carts full doesnt feel any 'shame' at checkout...but thats about to end.

Fri, 06/03/2011 - 11:20 | 1336095 alien-IQ
alien-IQ's picture

the real function of those programs is to hide the suffering and make the spin the "news" engages in more "plausible".

It's one gigantic pile of bullshit being served up as caviar.

Fri, 06/03/2011 - 11:23 | 1336122 JR
JR's picture

Hi-tech breadlines! You've coined an original!!!

Fri, 06/03/2011 - 11:35 | 1336162 kito
kito's picture

youre delusional if you think its about to end. the sheeple will always get to graze.

Fri, 06/03/2011 - 11:42 | 1336223 serotonindumptruck
serotonindumptruck's picture

Those "sheeple" will become wolves, and begin to kill and steal for their right to graze.

Fri, 06/03/2011 - 12:31 | 1336408 bbq on whitehou...
bbq on whitehouse lawn's picture

Snap cards are so people don't realize their numbers.

Imagine the empowerment of over half of the store filled with old coupon books, or bracelets or yellow shirts.

Might even give people a reason to ask questions or position for power.

Best to make them act and feel invisible.

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