This page has been archived and commenting is disabled.

Guest Post: The Tipping Point has Arrived

Tyler Durden's picture




 

Submitted by Mike Krieger of KAM LP

The Tipping Point has Arrived

Our age is retrospective.  It builds the sepulchres of the fathers.  It writes biographies, histories, and criticism.  The foregoing generations beheld God and nature face to face; we, through their eyes.  Why should not we also enjoy an original relation to the universe?  Why should not we have the a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?  Embosomed for a season in nature, whose floods of life stream around and through us, and invite us, by the powers they supply, to action proportioned to nature, why should we grope among the dry bones of the past, or put the living generation into masquerade out of its faded wardrobe?  The sun shines today also.  There is more wool and flax in the fields.  There are new lands, new men, new thoughts.  Let us demand out own works and laws and worship.

- Ralph Waldo Emerson, Nature

I believe we have finally breached the tipping point in the socio-political landscape of the United States of America.  There will be no going back from here.  Everyone on all levels of society including the elites must make a choice.  Will you stand for real reform and an end of the feudalistic rule of the oligarchs and their paid-off puppets that line the streets of Washington D.C., or will you keep your mouth shut and play the old and dying game in the context of a completely different cultural environment? 

While many will disagree with what I am about to say, I believe the oligarchs and the Federal Reserve have already lost. 

This will not be clear to the vast majority at this time because the powerful institutions that dominate and rob us will continue to fight for survival but the wind is already blowing in a different direction and cannot be reversed.  The smart elites are starting to see this and are hedging their bets.  The dumb or stubborn ones may want to start looking at countries with non-extradition treaties or start blowing the whistle on someone above them and fast.  The window of opportunity to make the choice is closely quickly.  “I was just following orders” will not cut it when the dollar collapses and Disneyland shuts down.  There have not been any major arrests and people have seemingly gotten away with all their frauds and crimes.  This too will change and 2011 will represent a change in trend in this regard.  We have entered the terminal phase of this ponzi scheme economy and those responsible for its creation and its continued support at the expense of the vast majority of the populace will see their foul deeds rise to the surface. 

Earlier this year I wrote two piece that I think are worth re-reading and I have attached links to them.  The first was “A Time to Speak Out” http://www.zerohedge.com/article/time-speak-out and the second was the “The Elites Have Lost the Right to Rule” http://www.zerohedge.com/article/elites-have-lost-right-rule.  When I wrote these articles many of the themes addressed were completely out of the mainstream, yet in an amazingly brief period of time many of the frustrations I voiced are now popping up everywhere I look.  It’s strange and rewarding to see the topics I and countless others have been discussing on the “fringe” break into the light of day.  Now that these concepts are out there is no stopping the avalanche that is about to hit the oligarchs smack in the face.  As Gandhi said “An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.”

This brings me to discuss what I think is one of the most important letters from an elite I have seen in 2010.  I am referring to Bill Gross’ most recent piece.  Now when I say he is an “elite” I am not saying he is part of some vast conspiracy to turn us further into serfs.  What I mean is he is one of the most fabulously wealthy people in America.  He also happens to have made his fortune in the financial services industry and runs the country’s largest bond fund.  This is a person that has every reason and incentive to play nice with the other elites and their corrupt institutions at the top of which lies the Federal Reserve banking cartel.  What he did in his latest letter was far from “playing ball.”  Here are some of the notable quotes and the entire letter can be found here http://www.pimco.com/Pages/RunTurkeyRun.aspx.

“Was it relevant in 2004 that John Kerry was or was not an admirable “swift boat” commander? Will the absence of a mosque within several hundred yards of Ground Zero solve our deficit crisis? Is Christine O’Donnell really a witch? Did Meg Whitman employ an illegal maid? Who cares! We are being conned, folks; Democrats and Republicans alike.”

“Perhaps, as a vocal contingent suggests, our paper-based foundation of wealth deserves to be buried, making a fresh start from admittedly lower levels. The Fed, on Wednesday, however, will decide that it is better to keep the patient on life support with an adrenaline injection and a following morphine drip than to risk its demise and ultimate rebirth in another form.”

“Check writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme. Public debt, actually, has always had a Ponzi-like characteristic.”

“The Fed, in effect, is telling the markets not to worry about our fiscal deficits, it will be the buyer of first and perhaps last resort. There is no need – as with Charles Ponzi – to find an increasing amount of future gullibles, they will just write the check themselves. I ask you: Has there ever been a Ponzi scheme so brazen? There has not.”

Ok, so what is Bill Gross up to you ask?  I will give you my two cents.  This guy is not as fabulously wealthy as he is for being a dope (although this cannot be said for a lot of people in this industry that are merely financial engineers that would become extinct overnight without 0% interest rates but that’s another story).  Bill Gross sees the writing on the wall.  He see the winds of change and is hedging his bets.  He is throwing out a carrot to those that criticize the completely corrupt and ponzi scheme economy and financial system we have today which benefits only those that speculate on the taxpayers dime.  We could end this fake and destructive economy by ending the Fed in its current form (at the very least everything they do must be transparent) and restoring the rule of law.  He attacks the false left/right paradigm and rightly points out that both the Democrat and Republican establishment have sold out the people to line their own pockets.  In the second quote he actually explores the notion that “our paper-based foundation of wealth deserves to be buried.”  Then finally he points out what many others have but almost no one is the mainstream ever admits.  The U.S. government is running a giant ponzi scheme with regard to its debt.  Hmmm do you want to own gold or treasuries?

Truth be told, what Bill Gross did in this letter is to create the ultimate hedge for himself.  He didn’t say these things earlier when they were just as true as they are today and certainly must have been clear to someone of his intelligence.  He said it now.  He said it now because he can see the writing on the wall.  The important thing is not that he ultimately defends what the Fed is doing (which he unfortunately does) but that he felt the need to hedge himself and distance himself from the system.  As he writes in the final paragraph, “We haven’t been around for 35+ years and not figured out a way to avoid the November axe. We are a survivor and our clients are not going to be Turkeys on a platter.”  Indeed, the axe is going to fall on the oligarchs and if you don’t want to be a turkey on a platter you had better choose sides and fast.   As the great Ralph Waldo Emerson wrote in his 1836 essay Nature, “There are new lands, new men, new thoughts.  Let us demand out own works and laws and worship.”  Well said sir, well said.   

All the best,

Mike

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 10/28/2010 - 11:28 | 683361 Rahm
Rahm's picture

Crap meet fan. Fan meet crap.  Enjoy the marriage.

Thu, 10/28/2010 - 11:47 | 683425 Joe Davola
Joe Davola's picture

better be sittin' on the can

 

http://www.youtube.com/watch?v=GZU1DNppTp8

Thu, 10/28/2010 - 13:53 | 683818 Mako
Mako's picture

"While many will disagree with what I am about to say, I believe the oligarchs and the Federal Reserve have already lost. "

The Federal Reserve has no power to destroy the Truth.  The lemmings are running from what they always run from, the Truth.  The system will collapse and then liquidate, there is no avoiding this once the choice was made.

The war is never won, the equation always wins the war even though it may lose many battles along the way.  

"The U.S. government is running a giant ponzi scheme with regard to its debt.  Hmmm do you want to own gold or treasuries?"

The US government is not running anything, it's all the lemmings that have been begging for this, lemmings have been running these schemes for 1000s of years.

"...and, unfortunately, your planet is one of those scheduled for demolition. The process will take slightly less than two of your Earth minutes. Thank you.....

There's no point in acting all surprisedabout it. The plans and demolition orders have been on display at your local planning office in Alpha Centauri for fifty of your Earth years, so you've had plenty of time to lodge formal complaints." -JELTZ in P.A.

Thu, 10/28/2010 - 14:37 | 683996 CH1
CH1's picture

Can't believed you got junked!

And you really should read this book: http://www.ascolibooks.com/vera-verba/production_versus_plunder.html

Thu, 10/28/2010 - 15:12 | 684151 Ripped Chunk
Thu, 10/28/2010 - 18:51 | 684743 DukkButt
DukkButt's picture

The lemmings always hate being told they have ANY responsibility for their own plight.

Fri, 10/29/2010 - 11:20 | 685760 Spirit Of Truth
Spirit Of Truth's picture

Yep, as this would necessitate that people actually recognize they are responsible for thinking for themselves and thinking far less about themselves, a wholly unacceptable solution.  Those running the show fear independent thought of "We The People" most of all and are relying on everyone's acquiescence in being looted and, someday soon, slaughtered.

http://thespiritoftruth.blogspot.com/2009/05/russias-secret-war-plans.html

Thu, 10/28/2010 - 19:09 | 684744 DukkButt
DukkButt's picture

dup

Thu, 10/28/2010 - 19:12 | 684759 DukkButt
DukkButt's picture

dup, again. sorry.

Thu, 10/28/2010 - 20:39 | 684877 Dr. Acula
Dr. Acula's picture

Yeah, I'll junk anyone who posts platitudes like "the equation always wins". Don't even get me started on the "charging interest depends on infinite growth" claptrap.

 

Wed, 01/26/2011 - 11:26 | 906046 Marla And Me
Marla And Me's picture

Interest alone would take a much longer time, but interest+fractional reserve banking=fail.  Pretty simple really.

Thu, 10/28/2010 - 18:29 | 684708 Blankman
Blankman's picture

"Apathetic bloody planet, I've no sympathy at all"

Thu, 10/28/2010 - 12:36 | 683591 Lost My Shorts
Lost My Shorts's picture

Actually, this guy is a fool, and I wonder sometimes why ZH publishes fluff like this.  Wishfull thinking, perhaps.  All the elites need to do is say the word "terrorist" and the American people will lick their boots.  Nothing has tipped.

Bill Gross is just preparing the ground for the cancelling of social security, medicare, and all the other benefits of ordinary people.  The elites have been bailed out, made whole and then some, and oops, the money ran out.  We can't afford anything for you.  Sorry.  That is the next act of the play.  Prosecutions of bankers ??-- really, get a clue.

Thu, 10/28/2010 - 13:23 | 683738 Turd Ferguson
Turd Ferguson's picture

I couldn't disagree with you more.

Kreiger eloquently describes the problem. He sees it and, more importantly, says it. Even six months ago, missives such as this would have been dismissed as fringe and kookiness. The world is just beginning to realize and admit that he (we) are right. This is happening. Like birth pangs, these changes are happening faster and faster. Be alert. Alert anyone who will listen. You will be proven correct in the end.

The end of the Great Keynesian Experiment is upon us. Prepare accordingly.

Thu, 10/28/2010 - 14:10 | 683896 Secunda
Secunda's picture

  Right on Turd! The Political angst is mounting. At first it's been the Tea Party. The mainline parties are going to try to co-opt them like the GOP did with the TPers until, eventually, like a flood, the waters are going to crest the containment efforts and a critical mass of the electorate will move toward a different way of Political economy. Bring on the next Andrew Jackson. 'Back to the Future'!

Thu, 10/28/2010 - 15:21 | 684197 GoinFawr
GoinFawr's picture

Uh, I really liked Andrew Jackson's 'specie', but I could do without his taking 'trophies' off the dead bodies of first nations' women and children he slaughtered/had slaughtered.

Unless of course you think 'Manifest Destiny' is going to head an entirely different direction altogether: banksterville. Then I suppose I could understand how your ire could get a little out of control against parties that are actually guilty...

"Well I ain't no movie star. But I can get behind anything."-Gordon Downie

Thu, 10/28/2010 - 15:24 | 684208 PeterSchump
PeterSchump's picture

The Tea Partiers are all kooks.  Don't you watch the Daily Show?

 

Thu, 10/28/2010 - 14:11 | 683901 TheMonetaryRed
TheMonetaryRed's picture

The end of the Great Keynesian Experiment is upon us.

Bullshit. 

The most brazen batch of Two Santa Claus Theory RepubliKeynesians ever is about to take charge. 

They'll cut taxes (relative to the law now) by hundreds of billions, cut spending by nothing and raise the debt ceiling two trillion dollars their first Congress. Absolutely guaranteed, a stone, cold, mortal lock and I am all-in against anybody who wants to take the under. 

The chances of an Austrian School budget are ZERO because it would mean higher taxes AND a double dip. 

You think people haven't woken up?

You're right.

Make sure to hit the snooze button on Tuesday.

http://en.wikipedia.org/wiki/Jude_Wanniski#The_Two_Santa_Claus_Theory

Thu, 10/28/2010 - 14:38 | 683991 Turd Ferguson
Turd Ferguson's picture

Look, Red, I wasn't born yesterday. I'm not talking about political changes. Our politicians (both parties) will clearly cling to power as long as possible.

What the politicians don't realize is that economic events are going to overwhelm them. They have no control over what is coming. Massive, unserviceable debt and the accompanying money supply boom are creating conditions which are exponentially increasing the speed of the demise of Keynesianism. The simple-minded politicians of both parties will be stunned by the pace of collapse.

 

Thu, 10/28/2010 - 14:52 | 684057 TheMonetaryRed
TheMonetaryRed's picture

Okay, T, I'll accept that. But are we then talking public debt repudiation?

What's your position on public debt repudiation?

 

Thu, 10/28/2010 - 15:46 | 684308 Al Gorerhythm
Al Gorerhythm's picture

Happening every day, right before our cataract covered eyes. 

Thu, 10/28/2010 - 16:01 | 684366 TheMonetaryRed
TheMonetaryRed's picture

Well, monetization is not repudiation. Monetization is the sovereign's right within contract. 

 

Thu, 10/28/2010 - 18:08 | 684675 New_Meat
New_Meat's picture

Red-

"Well, monetization is not repudiation."

Ya, you can probably get away with that.  But it is putting the powder into the cartridge and putting the bullet on.

Then some "initiating event" will lead to the (hyper?)inflation that will be equal to repudiation.

Ben thinks he can slurp all of that in, and maybe ben can cancel all of those ones and zeros in time.

But too terrifying to enjoy the popcorn this time around.

- Ned

Thu, 10/28/2010 - 18:58 | 684749 ElvisDog
ElvisDog's picture

Read a little Roman history. The proposal of debt repudiation got Catalina killed. I don't think it would be that much different in this modern age.

Thu, 10/28/2010 - 20:29 | 684863 A Nanny Moose
A Nanny Moose's picture

"Our politicians will clearly cling to power as long as possible."

 

The fuse is getting shorter, but explosions are rarely without collateral damage.

Thu, 10/28/2010 - 14:42 | 684013 TheMonetaryRed
TheMonetaryRed's picture

Junkers, be men about it and put your money where your mouse is. 

Will the TPers raise the debt ceiling by $2 trillion in their first Congress or won't they. 

If they don't you win. 

If they do they're King Bullshit and you've been duped.

Ludwig Von Mises said:

 

In the heyday of liberalism some Western nations really retired parts of their long-term debt by honest reimbursement.”

 

I'm saying the TPers are crypto-collectivists and they will raise the debt ceiling by $2 trillion. Who's taking the under?  

Thu, 10/28/2010 - 14:54 | 684074 Turd Ferguson
Turd Ferguson's picture

Red: There's no question that the debt ceiling will be raised again, regardless of who is in the majority. Its a fait accompli. The only question is the extent to which "tea party" reps will be co-opted by the beltway crowd. I suspect it will happen very quickly.

For me, the fun election will be in 2012. 

Thu, 10/28/2010 - 15:07 | 684128 TheMonetaryRed
TheMonetaryRed's picture

Then aren't we at a place where right and left are coming together?

I'm sure a lot of people on this blog don't have any idea how freaked out every Progressive I know is about the debt. 

When Santa Claus #2 came along (AKA President Reagan) a lot of us freaked out because we were already doubting the wisdom of Santa Claus #1 (Keynes). 

Thu, 10/28/2010 - 15:28 | 684234 Turd Ferguson
Turd Ferguson's picture

"Then aren't we at a place where right and left are coming together?"

Sort of. It depends on what replaces the current system. Traditional "left" policies often involve redistribution of resources through a central spigot (government). Traditional "right" policies borrow resources from elsewhere and allocate them, not to the have-nots but the haves, in an attempt to "trickle up" wealth.

All of it is BS. All of it is built upon faulty, Keynesian assumptions. In the end, the only way we Americans survive with freedoms intact is if we get away from all the nonsense and labels and rebuild this country, economically and politically, from the ground up. 


Thu, 10/28/2010 - 15:40 | 684281 gmrpeabody
gmrpeabody's picture

I'm all for it, Turd.

But, I just don't have  a clue.

Thu, 10/28/2010 - 18:24 | 684616 1fortheroad
1fortheroad's picture

This group of people seem have one.

 

 

What have “We” done- What a group of Americans have done then is simple!  We have restored “The Republic of the united States of America”.  The vehicle used to accomplish this task were Americans who stood up.  The fuel was left for us over 220 years ago in the Declaration of Independence, the Constitution for the united States of America, the Bill of Rights, Amendments, 11, 12, and the original 13th.

A plan supported by many Americans in all 50 republic “states” was implemented.  That plan created a provisional structure where Americans can peaceably assemble and re-inhabit the de Jure seats of government as intended by our founding fathers. 

What can “We” offer – We, being the people who stood up, through the construct of the “Restored Republic” offer to all Americans true liberty, freedom, and justice for all.  All that is required is your say so.

What will it do? – When all Americans that are not happy with the path our nation is clearly headed down, join those that have already signed onto “The Republic of the united States of America”, our future can and will be transformed back to a de Jure form of governance as originally intended.  The specific benefits shall be described in forthcoming press releases.

http://republicoftheunitedstates.org/

Edit

Some more info, online radio show.

http://www.morningliberty.com/2010/08/28/restore-america-plan-starting-over-wkelby-smith/

Thu, 10/28/2010 - 20:37 | 684873 Gene Parmesan
Gene Parmesan's picture

Religious fanaticism is the last thing we need right now.

Thu, 10/28/2010 - 21:44 | 684961 Nostradumbass
Nostradumbass's picture

 

 

F*** religious involvement in any government! I have had my fillof do-gooders doing horrible things!

Dear God, deliver me from those who want to "save" me!

 

 

Fri, 10/29/2010 - 02:13 | 685243 piceridu
piceridu's picture

+ 1 trillion Amens

Thu, 10/28/2010 - 15:57 | 684317 TheMonetaryRed
TheMonetaryRed's picture

Well, I respect that opinion, although I would argue that traditional right policies borrow from the haves and then give back to the haves. The trends in wealth concentration show that clearly.

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=135

If you're talking collapse, you're talking massive debt repudiation or default and that actually leaves the "lender of last resort" as the dominant lender in the economy - Fed or no Fed. 

So, you've got that to deal with.  

 

Thu, 10/28/2010 - 15:14 | 684167 Yophat
Yophat's picture

Imagine what would happen if all credit ended tomorrow.....what's the cash price for a house?  a car?

Now imagine the power a bank would have if that bank were the only one offering new credit......got the picture?

Now imagine if that bank was the government....a roll up of the big 4 via QE#2, QE#3, etc....just like GM (government motors)......got the picture?

Now who has the power?  Who's going to fight against them?

The US is a nation of schmucks!  The sole power of government was usurped in the 50's with Eisenhower.

The coordination of timing with the Tavistock Institute unleashing the Beatles and the countercultural revolution of the 60's that matches up with the increased drug use (opium/heroin & cocaine imported by US government as documented by James "Bo" Gritz, Alfred McCoy, and myriad others).....much of this accomplished by the so called clandestine (alphabet soup) agencies in both the US & UK.

So in terms of a corporation with an agenda.....a marketing arm, a production/distribution arm, and a finance arm. All of this initiated, carried out, and protected under the auspices of government and with taxpayer dollars. I'd reckon to say that this provides substantial evidence that the (insert your term) had obtained sole management of the government. The assassination of JFK and the following cover up is just icing on the cake.

http://www.youtube.com/watch?v=rJe9T2FU2w8&feature=player_embedded

Not to mention the slew of evidence that includes events like the USS Liberty bombing, Gulf of Tonkin, and others that demonstrate that not only were they covered up but that this was known to a wide range of government officials ranging from military to senate representatives. Although these incidents are nothing new in the course of American history they do point to a wide range of knowledge and acceptance by people that forces had complete control of the government at that point.

For example -

Mansfield was referring to the proposed release of a committee staff investigation that raised doubts over whether the Tonkin incident ever took place.

The committee decided in the end to effectively conceal the truth, with Senator Church noting that if the committee came up with proof that an attack never occurred, “we have a case that will discredit the military in the United States, and discredit and quite possibly destroy the president.”

He also noted that if the senators were to follow up on their skepticism over Tonkin, “The big forces in this country that have most of the influence and run most of the newspapers and are oriented toward the presidency will lose no opportunity to thoroughly discredit this committee.”

http://www.infowars.com/de-classified-v ... lag-event/

An examination of other aspects that developed through the 50's and finessed during the 60's like Operation Mongoose, Operation Mockingbird, Operation MK ULTRA, Phoenix/Montauk Project, Operation AJAX, etc etc etc. Not to leave out Operation Paperclip that moved key Nazi assets to the US and implanted them into the American clandestine, technology, military, and space industries.

Looking back you can see the consolidation of power and development of these powerful tools (alphabet soup agencies) during WWII that then set the stage for the following 50 years. The OSS became the CIA....Allen Dulles appointed by Eisenhower in 1953. The KGB formed in 1954. Eisenhower's building up of the military industrial complex as documented in Body of Secrets by James Banford. CIA activities in North Korea, South Korea, Vietnam, Eastern/Western Europe, Central America, South America......that ranged from assassination programs to political coupes to propaganda. They established dictatorships, eliminated opponents, set up arch enemies (cold war - if you think it was real research the Kama River truck factory built by Ford in 1968 @ Gorky, which was renamed Nizhny Novgorod, through the efforts of William Casey & Henry Kissinger with 90% of the funds guaranteed or furnished by the U.S. taxpayer. "The [American] businessmen who built the Soviet Kama River truck plant should be shot as traitors." — Avraham Shifrin, former Soviet Defense Ministry official. It is truly extraordinary that a plant with known military potential could have been equipped from the United States in the middle of the Vietnamese War, a war in which the North Vietnamese received 80 percent of their supplies from the Soviet Union.), etc etc etc....all under Eisenhower (the most dramatic rise in promotions in American military history) who was the man behind Operation Keelhaul, Morgenthau Plan, extending WWII another 2 to 3 years, assassination of General Patton, etc...as revealed by Robert Welch, Count Nikolai Tolstoy, and myriad others (although the Vatican did make him a Knight of Malta....since he was personally responsible for killing at least 2 million people - the high range could very well be well past 10 million). And then on November 22, 1963 they (CIA - ZR/RIFLE program) killed the President of the United States in broad daylight in Dallas Texas.....and got away with it.

You can go back to multiple instances where they tried to take over earlier.....for example trying to get General Smedley Butler to help take over the White House in the 1930's but he blew the whistle and named several prominent Americans as part of the plot like John J. Raskob, board chairman of General Motors. Efforts during the Revolutionary War, War of 1812, Civil War, etc....

William H. McIlhany, No Civil War At All: Eighty Years of Conspiracy to Destroy the United States, 1790-1870, serialized in Journal of Individualist Studies, Vol. 1, Nos. 1-2 (Winter, Fall, 1992)

Orville J. Victor, History of American Conspiracies: A Record of Treason, Insurrection, Rebellion, &c. in the United States of America, from 1760 to 1860 (New York: James D. Torrey, Publisher, 1863, reprinted, New York: Arno Press, 1969)

An Authentic Exposition of the "K.G.C.", "Knights of the Golden Circle;" or A History of Secession from 1834 to 1861 (Indianapolis, 1861).

Felix G. Stidger, ed., Treason History of the Order of Sons of Liberty, Formerly Circle of Honor, Succeeded by Knights of the Golden Circle, Afterward Order of American Knights. The Most Gigantic Treasonable Conspiracy The World Has Ever Known (Chicago: Published by the Author, 1903).

John Smith Dye, History of the Plots and Crimes of The Great Conspiracy to Overthrow Liberty in America (Freeport, New York: Books for Libraries Press, 1969).

John A. Logan, The Great Conspiracy: Its Origins and History (New York: A.R. Hart & Co., 1886), pp. 757-779.

Michael J. Schaack, Anarchy and Anarchists (Chicago: F.J. Schulte, 1889), in recent hardback reprint, an exhaustive history of the Chicago Haymarket Square bombing in 1886.

Colin Simpson, The Lusitania (Boston: Little Brown, 1972).

Tragedy & Hope: A History of the World in Our Time by Carroll Quigley

etc.......

http://yophat.blogspot.com/

But they finally nailed it under Eisenhower....and Robert Welch nailed it in "The Politician."

I do not think that this country is ready to be treated like Russia for a while.” Thus wrote Henry Ford in 1933–after President Roosevelt, through the National Recovery Act, tried to legally force all carmakers to fix prices for their cars and agree not to give customers any discounts. GM and Chrysler went along with FDR, but Ford refused to be regimented by the federal government. “There is a lot of the pioneer spirit here yet,” he said.

http://www.burtfolsom.com/?p=595

 

Thu, 10/28/2010 - 18:07 | 684669 Sean7k
Sean7k's picture

Unfortunately, you are asking the general public to one, educate itself and two, after careful analysis- select an action plan. 

The history of the destruction of the republic is available to all whom seek it. IMHO, the bigger question: what is to be done?

If the Constitution, as an instrument of law, was incapable of guaranteeing basic human freedoms, what will?

If all governmental structures result in tyranny, what is the choice before us?

I would suggest no government at all, with sovereignty vested in the individual. Coupled with the protection of private property and a sound money banking system. 

Now, try to sell that one to people whom are barely educated. 

The problem is ignorance, the education that has been provided and the weight of a history of ruling institutions. No amount of facts are going to overcome insecurities of the population. The ruling elites must screw up so badly or be shown to be such criminals, that people are forced to act. There is some hope there.

Nice piece. Could have thrown in Jekyll Island. More on the coup of 1933. Thanks.

Fri, 10/29/2010 - 02:29 | 685255 piceridu
piceridu's picture

well said

Fri, 10/29/2010 - 16:50 | 686754 Yophat
Yophat's picture

“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” - John Adams, first vice-president and second president (John R. Howe, Jr., The Changing Political Thought of John Adams, Princeton, New Jersey: Princeton University Press, 1966, p. 189.

Thu, 10/28/2010 - 22:04 | 685006 walküre
walküre's picture

Whose idea was the treaty of Versailles? Who dreamed that up? Squeezing every last penny of productivity from Germany when Germany wasn't even to blame for WW1. The payments couldn't be serviced, hyper inflation ensued and out of "nowhere" rises a common man with a nationalist agenda. Guaranteed to create WW2 and end the Great Depression. Ford got contracts to build German war trucks near Berlin. The financing for the German war machine came from Wall Street as well. Where else? Neither the Brits, nor the French would have been that stupid.

Fast forward.. Iraq. The patsy Saddam Hussein got finished off just like A. Hitler when timing was opportune. Again, financing and credit issues were the catalyst.

Will anything change just because we have access to the internet and the Truth is that more obivous? It was pretty obvious in the last century and look where we are.

Nobody can beat them at their game. Not even China. The China of today is their creation. Their investments and credit have made China possible.

Until the day that money and credit ceases to exist, they will rule.

Thu, 10/28/2010 - 22:14 | 685024 New_Meat
New_Meat's picture

the frogs-lost a generation of men, then set themselves up to lose another.

John Kerry learned the second lesson.

- Ned

Fri, 10/29/2010 - 00:52 | 685172 Herd Redirectio...
Herd Redirection Committee's picture

Things will change.  It is inevitable.  It begins with ordinary people emptying their bank accounts and purchasing silver and gold.  Take your wealth out of their system, and place your 'bet' against them. 

There is pain ahead, but we have to make sure it generates something positive, like losing a loved one or having a near-death experience (this time, as a nation).  It WILL wake a lot of people up when the price of bread is up 40%.  Right now, no offense, but women tend not to give much thought to the notion of fiat currency.

http://psychonews.site90.net

Discussing the Currency Wars, and identifying the Oligarchy one psycho at a time.

Fri, 10/29/2010 - 16:53 | 686761 Yophat
Yophat's picture

Wealth....measured in their dollars (FRNs)....better be first since there is by far not enough currency in circulation to service debt let alone pull out "wealth".

Can you pay taxes with gold/silver????  Do you really have wealth then????

Thu, 10/28/2010 - 23:18 | 685094 Oh regional Indian
Oh regional Indian's picture

Awesome overview Yophat. Your blog is super-dense though. 

Good reading. I feel validated when I read stuff like this.

ORI

http://aadivaahan.wordpress.com

Fri, 10/29/2010 - 16:56 | 686772 Yophat
Yophat's picture

Thank you!  Don't do much with the blog anymore....basically use it as a collection of RSS feeds for one source news analysis.  Occasionally I'll add another book to the list or a video in the video collection (latest two posts)....other than that....nadda.

Over 300+ reference books and 100+ hours of video though for the unlearned.

Thu, 10/28/2010 - 15:29 | 684241 1100-TACTICAL-12
1100-TACTICAL-12's picture

I think by 2012 we may already be @ War, I'm talkin the Civil kind... I for one do not wish to pay one fucking dollar of my hard earned fiat's, for some fat ass union member. I worked as a project manager on a few union jobs up north, all they did was bitch & moan & try to slow the job down which they did to point we had to pay liquidated damages.

Thu, 10/28/2010 - 21:50 | 684978 Nostradumbass
Nostradumbass's picture

Yeah, unions suck. Let's go back to the good 'ol days when workers were basically slaves. Not saying that that unions haven't gotten a bit greedy in some or many cases, but just WHAT do you suggest we employ in the workplace to ensure that a viable middle class can continue? 

Thu, 10/28/2010 - 22:20 | 685028 1100-TACTICAL-12
1100-TACTICAL-12's picture

Mr. Dumbass if you care to look around the States which are heavily unionized, are the ones in the worst financial shape.... Guess whose who's going to get to bail them out..

Thu, 10/28/2010 - 18:45 | 684735 Frankie Carbone
Frankie Carbone's picture

How many folks do you suppose will be voting from the rooftops in 2012?

Thu, 10/28/2010 - 20:51 | 684888 Dr. Acula
Dr. Acula's picture

"I'm saying the TPers are crypto-collectivists and they will raise the debt ceiling by $2 trillion."

Yeah, pretty much.

 

Thu, 10/28/2010 - 22:58 | 685076 Virginian
Virginian's picture

I just returned from a Tea Party committee meeting 30 minutes ago.  I guarantee you, there was not a single "crypto-collectivist" in the room.  The TP is not monolithic, I freely admit.  But, most of those I've met through it have a visceral disdain for the collective - they simply want the damned government to do a limited number of things (per the Constitution) and do them well.

Thu, 10/28/2010 - 22:44 | 685063 Founders Keeper
Founders Keeper's picture

[Absolutely guaranteed, a stone, cold, mortal lock and I am all-in against anybody who wants to take the under.]

I'm your huckleberry.

You understand, only 138 or so Tea Party candidates are running Nov. 2nd (per NYT). Even if, in the unlikely event, all 129 TP HOUSE candidates are elected to office, TP House members would only represent 30% of the 435 member body. Of the 9 TP’s running against 27 open SENATE races, TP Senate membership would account for only 9% of the 100 member body.

At 30% and 9%, I don’t expect much change in D.C..

Let’s see. We have:

129 TP’s running against 435 open HOUSE seats.

9 TP’s running against 27 open SENATE seats.

Before we can come to an accord, we first need the election results. We’ll see how many TPartiers win their races. Then we’ll eliminate 25% of the winning number of TP candidates for having likely used the "Tea Party" name as a guise for political gain. Of the remaining winning candidates, I assume another 25% will soon be corrupted by the D.C. machine.

(For example: 100 TP candidates win election. Less 25% phonies leaves 75. Less 25% co-oped leaves 56 reliable Tea Party freshmen.)

Of the remaining number of Tea Party freshmen, I believe(hope) NONE of them will vote in 2011 for:

–Tax increase

–Budget deficit

–Raise the debt ceiling

If you win, I mail you $100 USD.

If I win, you ship me FOUR U.S. 1 oz. Silver Eagles in uncirculated condition.

(Incidentally, I was not one of the guys who junked you. I thought your post was a reasonable and important addition to the thread.)

However, I agree with Turd.  The Keynesian game is unraveling.

Fri, 10/29/2010 - 23:14 | 687549 SWRichmond
SWRichmond's picture

The Tea Parties being the most significant political development in this country since Woodstock, and this being the first CONgressional election since their being (somewhat) organized, you can bet that everything bad that happens from now on will be blamed on them; that the election results, whatever they are, will be portrayed as a disappointment to them and an indication of their lack of power, and the Republicans will continue their efforts to blunt the impact of any TP candidates who do get elected.

Thu, 10/28/2010 - 18:08 | 684677 Ying-Yang
Ying-Yang's picture

Well stated Turd... We the people are not unlike a large tanker at sea. The wheel has been turned and at some point all will see the new heading... towards the dark clouds and rising seas.

Rough seas await.

Thu, 10/28/2010 - 20:11 | 684842 Ignatius
Ignatius's picture

"The road will seem so straight and fair to travel, you will kick yourself for stumbling through the brambles for so long, and wonder at your neighbors who still can't see the path, though it is truly a freeway." -- Aristotle (no, the blogger)

Thu, 10/28/2010 - 21:01 | 684916 economicmorphine
economicmorphine's picture

Sorry Turd, but he's right.  Kreiger went on what he called a tour of America, to see what the little people are thinking.  He went to Jackson Hole and Sedona.  That's how arrogant this clown is.  Lots of real people in J-Hole and Sedona.

Thu, 10/28/2010 - 22:21 | 685027 Lost My Shorts
Lost My Shorts's picture

In fairness to Keynes, it's not clear that economic policy of the last 30 years is what he recommended.  If you want to identify the founding father of the policy combination -- lower taxes, raise spending (buy votes), ramp deficits, pour cheap money on deregulated markets -- it's Ronald Reagan.  Look at the charts, and remember who was president when the debt ramp started in earnest.

It's true that government benefits for ordinary people are about to end, but not because ordinary people wake up to the wisdom of Austrian economics and demand it.  It will happen as elites complete their screw job on regular people, who will be convinced meanwhile that Sharia in Dearborn is the real threat to their existence.

Thu, 10/28/2010 - 13:26 | 683748 Imminent Crucible
Imminent Crucible's picture

Think again.  When a terrified and gibbering Congress confronts armed mobs on the National Mall, they will decide it's better for banksters to swing than Congressmen.

You can't play the Imminent Terror Attack card over and over without it losing its impact.  People will see Wall Street as the ultimate terrorists, the Financial Jihadists who destroyed America's wealth and future.

Thu, 10/28/2010 - 13:34 | 683774 Cyan Lite
Cyan Lite's picture

No they don't.  They see terrorists as the scruffy guy with a beard in military fatigues holding an AK-47. 

Any state militia person fits this profile and I'm sure the media will scare off the sheeple accordingly.

 

Thu, 10/28/2010 - 13:39 | 683790 SheepDog-One
SheepDog-One's picture

Only the most dumbed down morons still think the terrorists are some clear and present danger. Most with a brain know by now theyre agency invented and payrolled.

Thu, 10/28/2010 - 14:21 | 683915 hedgeless_horseman
hedgeless_horseman's picture

Unfortunately, the dumbed down morons seem to be a large portion of the population. 

Why did the US invade the sovereign nation of Afghanistan, now the longest war in American history? 

A)  because a bunch of Saudi Arabians flew planes into buildings? 

B)  because Pipelineistan sits between Iraq and China?

C)  because practice makes profit, I mean perfect?

D)  because Oceania has always been at war with Eastasia?

E)  _________________________________________________

Thu, 10/28/2010 - 17:48 | 684627 macholatte
macholatte's picture

 

because the Taliban was against opium production.

Thu, 10/28/2010 - 17:53 | 684638 Trundle
Trundle's picture

Even as we have seen the perpetrators of the 911 plot hatched during the 1990s fail to appreciate the coming explosion in information and truth-seeking available to those on the internet resulting in a pitifully hole-ridden narrative- the "dumbed down morons" are creeping up in their understanding and intelligence- and the 911 narrative of 2001 is constantly put at risk by that same internet disclosure (still nascent in 2001). Everything is now catching up.

Recent polls show a number of things.  57%+ of Americans don't trust the MSM.  65% of Americans want to fire everyone in Congress.  80% of Australians polled know that 911 was an inside job.

So progress is occurring, much more quickly now that recognized journalistic assets are in place on the web. 

Thu, 10/28/2010 - 18:33 | 684716 New_Meat
New_Meat's picture

Trundle:

"80% of Australians polled know that 911 was an inside job."

An amazing statistic, means nothing of course.  How in hell would they know anything?  Oh that's right:

"...recognized journalistic assets are in place on the web."

Like HuffPo?  WaPo on the web? MediaMatters?

So you are saying that the clever bushies with Darth Cheney who were the most stupidest humans ever to walk the land were so clever that they could pull off an op like 9/11 and NO LEAKS AT ALL?

Even Art Bell can't bring himself to say that.

Counter example: Wiki-Leaks comes up with a half-million TS/SCI documents and posts them.  Got equal data on 9/11 with any provenance at all?  Didn't think so.

But Bernays and Goebbels have sent in your grade: C-. 

Better luck next time.

- Ned

Thu, 10/28/2010 - 23:29 | 685104 jomama
jomama's picture

Just the fact that the buildings came down within an hour of each other... in the same free-fall fashion... and all the recorded explosions on the ground, including the seismograph at Columbia - coincide with theories of a demolition job. http://911review.com/errors/wtc/imgs/seismic-wave-24.gif

Fri, 10/29/2010 - 00:17 | 685135 goldfish1
goldfish1's picture

He knows it.

Thu, 10/28/2010 - 22:25 | 685035 ebworthen
ebworthen's picture

Tin-foil hat territory.

The dark side of human nature doesn't need a conspiracy, illuminati, fifth-column, or any other avenue for evil.

Water takes the path of least resistance; so doth evil.

Fri, 10/29/2010 - 00:26 | 685150 Oh regional Indian
Oh regional Indian's picture

Now why would anyone junk that?

Truth hurts or trolls? Strange.

Thu, 10/28/2010 - 22:21 | 685029 ebworthen
ebworthen's picture

Short hair, no facial hair, wear a suit or American Dad clothes and carry an M9 and M4 so you look like the "good guys" and can take their ammo.

Thu, 10/28/2010 - 14:12 | 683908 goldfish1
goldfish1's picture

armed mobs on the National Mall

people don't have the fire

People will see Wall Street as the ultimate terrorists

what people? Half the population is doped up, the other 40% brainwashed.

 

Thu, 10/28/2010 - 14:20 | 683938 SheepDog-One
SheepDog-One's picture

3% fought the revolution. 10% today sounds OK to me.

Thu, 10/28/2010 - 14:34 | 683987 cougar_w
cougar_w's picture

You'll get 40,000.

It will still be enough. It always has been.

Thu, 10/28/2010 - 19:01 | 684752 Vernon Wormer
Vernon Wormer's picture

I'm in. I'll do it for my kids.

Thu, 10/28/2010 - 22:38 | 685055 ColonelCooper
ColonelCooper's picture

I think the fire is smoldering, but "the people" have no leaders.  YET.  I believe that will change when the realization sets in that there is no political salvation.

I think many of us have had a moment (or lots of them) where they were ready to charge San Juan Hill, but when they hollered, "Who's with me?", all they heard was crickets. 

The conservative movement looking to gain control of Washington has only two options: Austerity, which will fail because it will be too little too late... or to continue the ponzi, which will fail because it is flawed.  Ultimately the outcome is the same.  When John Q. Public begins to realize that they are fucked irregardless of who they vote for, desperation will begin to emerge.

This is the point when men like our Founders will step up and say, "Who's with me?"; the response will be thunderous and the march on Mordor will begin.

 

Fri, 10/29/2010 - 00:24 | 685146 goldfish1
goldfish1's picture

Interestingly at a meeting last night, an old timer came up and eventually asked me if I voted yet. When I told him I wouldn't waste my time voting in a rigged game, ie Diebold, he looked less like  patsy when he lowered his voice and said there's already issues with the absentee ballots.

I don't care anymore about people's reaction. I'm just gonna say what I think and fukk 'em if they can't handle it. Might find a  lot more common ground.

Fri, 10/29/2010 - 01:14 | 685196 Lost My Shorts
Lost My Shorts's picture

No they won't.  Fox and the Tea Party tell them over and over that it's Mexican immigrants, Sharia, the Caliphate, radical Islam, and except for about 10 followers of Ron Paul, the Tea Party swallows it whole.  Get out of your internet echo chamber and turn on Fox or Glenn Beck.

Mitch McConnel sits on Fox and promises to undo part of Odumma's token Wall Street reform, and he is about to win the election.  Bankers will swing?? -- really, get a clue.

Fri, 10/29/2010 - 11:04 | 685735 Nostradumbass
Nostradumbass's picture

The next scare will not be human terrorists - it will be the grays.

When the President discloses knowledge of them and their presence on earth, this will be the next big shock needed by those who wish to keep the people frightened, enslaved and obedient.

Far-out I know, but just wait and see.

Thu, 10/28/2010 - 13:26 | 683749 Cyan Lite
Cyan Lite's picture

100% agree.  I've said here many times that the DoJ will label many ZH readers as "terrorists".  We should all double-check our cars that we park outside every morning to make sure there aren't any suspicious black boxes underneath.

I'm going to stop while I'm ahead.  I seriously fear for the lack of freedom of speech available nowadays.  Anything disagreeing with the president is considered either racism or sedition.

Thu, 10/28/2010 - 13:42 | 683796 Turd Ferguson
Turd Ferguson's picture

Its funny you say that...I've actually been warned by someone I highly respect to "be careful" with how much time I spend on this site. I didn't ask him to elaborate because I didn't intend to put him "on the record". 

Between the Gadsden Flag I fly and my posts here on ZH, I'm definitely in the running to be on of the first "disappeareds". ;)

Thu, 10/28/2010 - 14:01 | 683868 legerde
legerde's picture

What happened to Chumba!?

He wrote a beautiful piece railing on the status of the system and then diaspeared.

 

Thu, 10/28/2010 - 14:08 | 683888 Suisse
Suisse's picture

Perhaps he got arrested for tax evasion after bragging about it so much on here or was deported back to Syria.

Thu, 10/28/2010 - 15:25 | 684217 GoinFawr
GoinFawr's picture

Noted.

Thu, 10/28/2010 - 15:47 | 684312 gmrpeabody
gmrpeabody's picture

Chumba, Cheekie, and then Mayhem. I'm going back to moveon.gov!  

Thu, 10/28/2010 - 17:06 | 684544 LMAO
LMAO's picture
by Cheeky Bastard
on Thu, 10/28/2010 - 08:56
#682630

 

After reading the comments; all I can say is:

 

MY FUCKING GOD, I MISSED YOU GUYS !!!

Thu, 10/28/2010 - 18:11 | 684685 MsCreant
MsCreant's picture

Chumba is quite fine. I have it on reasonably good authority, plus he responded to one of my posts about a week ago. 

Thu, 10/28/2010 - 18:49 | 684741 woolly mammoth
woolly mammoth's picture

I spotted him too. shhh.

Thu, 10/28/2010 - 21:03 | 684918 A Nanny Moose
A Nanny Moose's picture

Made an example of was he?

<Raises Glass>

To Chumba! May we learn from his example...whatever the lesson may be.

Thu, 10/28/2010 - 14:13 | 683914 Rusty Shorts
Rusty Shorts's picture

What happened to Project Mayhem?

Thu, 10/28/2010 - 14:15 | 683920 tmosley
tmosley's picture

The first rule of Project Mayhem is you do not ask questions.

Thu, 10/28/2010 - 17:04 | 684540 hamurobby
hamurobby's picture

Sir.

Thu, 10/28/2010 - 14:02 | 683871 Shameful
Shameful's picture

That's downright pleasant. Wonder when Leviathan will start threshing about in earnest...using going to and posting on a financial website as building a cash against someone.

"This man is clearly a terrorist and traitor. See he supports dumping the dollar and buying gold. Not believing in the strong dollar is clearly treasonous."

Thu, 10/28/2010 - 21:23 | 684910 zoomer
zoomer's picture

That could have been:

 

Your  Honor,

"This man is clearly a terrorist and traitor.

  See he supports dumping the dollar

                               and buying gold.

  Not believing in the strong dollar is clearly

                             treasonous."

        -Your Worm

TEAR DOWN THE WALL!!!!!

(sorry 'bout the caps)


Thu, 10/28/2010 - 15:16 | 684177 downrodeo
downrodeo's picture

Shit. Well, I'll see you guys in the gulags. I'll be the guy getting his face turned to ground-beef for spitting on the guards. I'm such a Taurus, I'll probably never learn their lessons!  

Thu, 10/28/2010 - 18:18 | 684692 spinone
spinone's picture

use kproxy or some other proxy service that alloows POST requests

Thu, 10/28/2010 - 21:17 | 684934 zoomer
zoomer's picture

I'm too old and over it to worry about a "proxy".

Let 'em come, I'm ready and waitin'!

Fri, 10/29/2010 - 03:34 | 685268 The Navigator
The Navigator's picture

Me too (too old) but I'll gladly play a role in the OK Corral. Much prefer that to sitting on the sidelines. Ready willing and able. History wont know me, but they will know us.

Fri, 10/29/2010 - 00:28 | 685147 RoRoTrader
RoRoTrader's picture

Not to worry Turd, its probably down to a toin coss with you and the FED. If you lose no one will remember shit.

Nice positioning on your part.

Thu, 10/28/2010 - 15:15 | 684171 The Alarmist
The Alarmist's picture

Terrorist, enemy of the state, whatever the phrase is these days.  There is a reason why Big O and his posse have not succeeded in closing down Gitmo and dismantling the vast security apparatus that the Bush Gang put together, and that is because these things are highly useful for their own purposes, to wit to deal with nut-case dissidents like the posters on ZH.

Besides, if you are so busy posting here, will you have the time to go pillaging on the mall?  And then there's the entertainment value.

I am Not Chumbawumba! But I am also curious where he went.

Thu, 10/28/2010 - 15:34 | 684265 GoinFawr
GoinFawr's picture

Probably he just got tired of being spat at in the face by those he was trying to help...

Fri, 10/29/2010 - 00:31 | 685152 RoRoTrader
RoRoTrader's picture

Hey, GoinFawrever.........how are you? Getting along all right, and no disrespect intended. Regards.

Thu, 10/28/2010 - 17:03 | 684538 VK
VK's picture

Cognitive Dissonance has stated he has been in touch with Chumba via e-mail just a few days ago.

Thu, 10/28/2010 - 17:55 | 684644 Trundle
Trundle's picture

"Anything disagreeing with the president is considered either racism or sedition."

Yeah, by the 43% who still have some trust in the MSM.

Thu, 10/28/2010 - 18:34 | 684718 New_Meat
New_Meat's picture

I figured part of it out when Big Sis listed veterans among suspected "terrorists."

- Ned

Thu, 10/28/2010 - 14:25 | 683953 nuinut
nuinut's picture

  All the elites need to do is say the word "terrorist" and the American people will lick their boots.  Nothing has tipped

Yes it has. The few who understand what Gross has said are plenty big enough to move the market. The masses will follow.

Thu, 10/28/2010 - 16:41 | 684476 RockyRacoon
RockyRacoon's picture

I still don't trust Bill Gross, no matter what he says.  I was replying to Cognitive Dissonance on the ZH article about the Gross letter:

RockyRacoon
on Wed, 10/27/2010 - 13:13
#681208

It's pure diversion, CD.  Slight-of-hand, a flourish of the right hand so the left hand can hide the booty.  I don't trust Gross for a second.  He's running interference for the Fed.  (Sorry for the mixed metaphors.)   When (not if) some of his investors lose money he'll be able to point at this comment of his as a way out -- blame the Fed.  He can't guarantee all his investors that they'll come out smelling like a rose, so he has to write this exculpatory comment.  Is there any money manager who can't point back to 2007, 2006, (pick a year) and say, "See?!  I predicted this."   Bill Gross had to get this comment in under the SHTF wire, but waited as long as possible before cutting the Fed umbilical.

This should round out the criticism?

PIMCO Last Seen Selling 200K TYZ0 Strangles, "Crushing" 10 Year Vol, Despite Gross' Teaparty Pamphlet

Fri, 10/29/2010 - 00:11 | 685130 RoRoTrader
RoRoTrader's picture

Gross was a junior officer in the USN and assigned to a destroyer serving during Vietnam.

By Gross's own words he was arrested by the ship's captain for organizing a predatory gambling ring onboard while at sea, and detained either in the brig or restricted to quaters (cannot recall exact detail, but suffice to sat the captain at the time made it very clear that Gross was NOT operating in the Navy spirit)..........

That is a fairly accurate take from a piece I read from a Gross article reflecting on 'lessons learned from the past'.

Nice lead story for CNBC.........Bill Gross serves America in the Navy during Vietnam........how is that again?

 

 

Thu, 10/28/2010 - 14:40 | 684008 CH1
CH1's picture

Again, why was this junked? Because he said the truth: Say "terrorist" and the masses crawl to "authority." ??

Thu, 10/28/2010 - 15:44 | 684294 Ripped Chunk
Ripped Chunk's picture

People are tired of the continuous bombardment of terror scares. Some are beginning to see what it actually is: More of the same, enrich the insiders and pay for it with our taxes.

They took the worst attack on American soil in over 100 years and then profited from it by creating a new branch of government that pays all the buddies. But we can't tell you how much each buddy gets. It's a matter of national security you know.

All involved should be branded as terrorists and prosecuted accordingly.

 

Thu, 10/28/2010 - 20:13 | 684833 desk-jockey
desk-jockey's picture

i WANT to think you're wrong, but the last two years, sadly, substantiates (to some degree) that youre probably not. Hey junkers - let me ask you this: WHO HAS BEEN BROUGHT TO JUSTICE for this shit?!? It didn't start yesterday, it's been happening in front of our eyes.

I'll wait...

Thu, 10/28/2010 - 14:08 | 683890 Buzz Fuzzel
Buzz Fuzzel's picture

The future accoutrements of wealth in America.

Beans, bullets and a warm dry place to sleep.

Thu, 10/28/2010 - 15:52 | 684332 mikegoforth@hot...
mikegoforth@hotmail.com's picture

....don fergit yer chee'kins, silvur, and ma n pa's air-loom mater seeds.....

Thu, 10/28/2010 - 16:11 | 684397 bobboberson
bobboberson's picture

lol

Thu, 10/28/2010 - 19:54 | 684814 Rusty Shorts
Rusty Shorts's picture

"There have been 4 jobs or activities which Man has engaged in throughout the centuries: Hunter/Gathering, Agriculture, Manufacturing, and Services. What's next? What category can you imagine in which billions of people will be working in the future?

It turns out that there is a final category. It is known as Unemployment. As Agriculture, Manufacturing, and Services become more efficient in the coming months, workers will have nowhere to go but to the unemployment line. At some point, Man's artificial economic system will necessarily collapse. When that happens, the corporations which produce and deliver food will no longer have an incentive to do so. The cities will suffer great hunger and it will be the end of Man.

The current jobless situation you read about in the news is not an ordinary part of the business cycle. It is the final stretch of the linear trend that began with the birth of our species."

 

http://www.youtube.com/watch?v=rlQrYCacrKo

Thu, 10/28/2010 - 20:14 | 684845 New_Meat
New_Meat's picture

Rusty, lotsa examples in our biggest cities regarding the "current jobless situation."

Gross and Mohammed and PIMCO got the "new normal" meme going correctly in my view.

- Ned

Thu, 10/28/2010 - 20:40 | 684880 Rusty Shorts
Thu, 10/28/2010 - 22:00 | 684994 New_Meat
New_Meat's picture

Ya, but I was only tactical: Prefix-5 baby.  Knock the buildings down without doing damage to the sacred trees with 95% confidence.

Start of my distrust of "normal distribution" thingie.

- Ned

Thu, 10/28/2010 - 21:04 | 684922 Dr. Acula
Dr. Acula's picture

"As Agriculture, Manufacturing, and Services become more efficient... The cities will suffer great hunger and it will be the end of Man."

Yeah right, humans will all starve to death because they are producing too much food.

Some of the economic nonsense posted here is just laughable.

Fri, 10/29/2010 - 02:56 | 685262 The Navigator
The Navigator's picture

My vote is for 1st waterboarding Then decapitation........ oops, wrong article........ ah, maybe not

Thu, 10/28/2010 - 11:27 | 683362 joemayo
joemayo's picture

Gold plus twenty.

W T F, over.

Thu, 10/28/2010 - 14:31 | 683973 fredquimby
fredquimby's picture

@spotgoldprice on el twit for daily high jinks in the AU world!

Thu, 10/28/2010 - 11:28 | 683366 cranky-old-geezer
cranky-old-geezer's picture

Y-a-w-n.

No news here.

Thu, 10/28/2010 - 12:11 | 683505 B9K9
B9K9's picture

Yep. Channeling Mako, the end point was always foreordained from the very beginning of the present cycle. Only the specific timing of the terminal event, of which we are now collectively experiencing, was the (relatively) unknown variable.

Determinist heuristics (aka monetary mechanics) makes living quite easy - one merely needs to evaluate the present stage in the current cycle and make appropriate plans. We are at the end of the last great inflationary cycle - deflation is the outcome, whether or not it is first preceded by hyper-inflation (monetary destruction).

Has anyone recently stepped away and noticed the debate no longer concerns itself with regard to whether or not we are in an "economic recovery"? What does this tell you? It should tell you that the resumption of organic credit growth is not occurring. And why is this? Some may say it's because debt levels are too high, but in reality, it's because mankind doesn't have sufficient sources of cheap, available energy in which to push global productivity up unto an entirely higher plateau.

So why get excited? Do you get up in the morning and jump up & down about the fact that you're going to die some day? No, you go about your business of living today with knowledge of that fact securely tucked away in the recesses of your mind. Well, the system we are currently living in is dying - even as I type.

Here's a word of advice: drop the emotional aspect and confront reality head-on. Your survivial plans are dependent on your ability to deal with the fact that the Fed era is ending. And perhaps the current state of the federal US gov't as well.

Thu, 10/28/2010 - 12:33 | 683584 Blindweb
Blindweb's picture

The Oligarchs are dead, long live the dictator.  Shit's going to get worse than even 90% of the ZH readers can imagine.  Industrial society will be declining right along with oil.

Thu, 10/28/2010 - 13:41 | 683794 DosZap
DosZap's picture

We are, I repeat..Nowhere close to PEAK OIL.

The LARGEST oil field in Saudi, just 2 days ago, was reported to have an additional 80+ Billion barrels left(that's ONE of their wells).This one, has already supplied 70 Billion barrels!.

We have vast OIL reserves in the US, and off shore.Not to mention our neighbors North.

The problem is not PEAK OIL, it's Eco Nazi's, and the Oligarch Control Squads.

We have enough(just in the USA ) KNOWN Nat Gas reserves to power 160 Million homes for over 100 yrs.

What if, while we were building say about 20-30 new Reactors, we converted,or offered the option on new cars and trucks(esp over the roaders), the conversion to use LPG?.

Meanwhile we're building reactors, and drilling / locating even more reserves?.

We know they are there, we know we are being stopped from tapping them.

America is 100% energy self sufficient, IF we were allowed to be.

 

Thu, 10/28/2010 - 13:54 | 683848 Spalding_Smailes
Spalding_Smailes's picture

 

Iraq increases oil reserves by 24%

Iraq has raised the level of the oil reserves it claims to own by 24% in its first revision since Saddam Hussein fell from power.

The country has 143.1bn barrels of known and extractible oil, up from the 115bn barrels previously estimated.

If correct, the revision means that Iraq now has bigger oil reserves than its neighbour Iran.

http://www.bbc.co.uk/news/business-11468209

 

 

Thu, 10/28/2010 - 14:15 | 683918 Lets Hang Parliament
Lets Hang Parliament's picture

Please dont tell me you believe them!

Thu, 10/28/2010 - 14:38 | 684001 Cognitive Dissonance
Cognitive Dissonance's picture

Just another "Who's got the biggest" argument.

Where's the beef?

Thu, 10/28/2010 - 14:09 | 683893 Suisse
Suisse's picture

The U.S. is forty years post peak extraction in regards to Oil. Don't confuse reserves of natural gas in place and ultimately recoverable natural gas.

Thu, 10/28/2010 - 17:44 | 684620 Adam Neira
Adam Neira's picture

There is plenty of oil...

Thu, 10/28/2010 - 14:10 | 683897 redpill
redpill's picture

Peak Oil does not mean we are running out of oil, it means there is a peak in the rate of production.  Even if we have large amounts of untapped sources of oil, if there aren't the production mechanisms in place to rapidly bring it to market, demand will begin to outpace supply at an increasing rate.  You simply can't ramp up oil shale production or build nuclear power plants overnight.  That is what peak oil is really about, the tumultuous period in which the world realizes (too late) that it can no longer keep up with global oil demand and has to attempt to readjust to that reality.  But such changes do not happen quickly, and there will be some chaotic times during that adjustment period.  That is what peak oil means.  Whether it happens in 1 year, 5 years, or 10 years, it will happen unless we discover a truly revolutionary power source (affordable commercialized fusion, etc).  Even then there is likely to be a gap between the day oil demand exceeds maximum supply and a transition to a new energy source.  

The current economic mess has delayed the day of reckoning to be sure by suppressing demand, but that's not necessarily a positive thing either.  Now governments and economies are even less able to afford the massive investment in nuclear or other energy to offset the rising cost of oil as our 100 year experiment with central banking and the bankrupt economic philosophy of Keynesianism unravel themselves in spectacular fashion.

 

Thu, 10/28/2010 - 14:23 | 683948 tmosley
tmosley's picture

The problem is merely one of government regulation and NIMBY.  Impoverishment of the people should take care of the latter, and as their tax revenue plummets, it will take care of the former as well.

It's like someone who was keeping track of my water usage was watching while I was taking a shower, and when I stopped my shower, they started screaming about peak water.  Yes, water resources my run out, but in this case, it is a matter of me turning off the tap.  In the case of oil, it is a case of government making it too expensive to produce oil in the US.  In effect, they froze our production mechanisms, such that as the wells we had tapped run out, production drops, rather than exploring for new ones.  The cost of taxes and regulations make many other resources too risky to expend resources on.  Hell, they would rather go out to sea, and drill more than a mile under the surface of the ocean than explore on land these days.  What does that tell you?

Thu, 10/28/2010 - 14:44 | 684020 fredquimby
fredquimby's picture

Unless the price of oil sold only in physical gold, drops to $1.50 a barrel but stays at $80 in cash....that would mean we could all load up on physical gold at $1350 an oz, buy a shit load of oil, ship it to wherever and flog the oil. How difficult can it be to get a load of physical gold these days after all.....

FOFOA 02/09/2010
"Only at the margin, where you reside, can physical gold still be had for $1,240 per ounce. But in aggregate, in the vaults of the world's central banks as the only reserve asset not tied to the medium of exchange, it is priceless, in the truest sense of the word".

http://fofoa.blogspot.com/2010/10/its-flow-stupid.html

Thu, 10/28/2010 - 15:19 | 684191 The Alarmist
The Alarmist's picture

Peak oil is conjecture, like climate change. There are plenty of credible scientists who take issue with the way these hypotheses are being preached as the gospel.

What there clearly is is a peak of refining capacity, and that is perhaps even more troublesome.

 

Thu, 10/28/2010 - 18:36 | 684722 tmosley
tmosley's picture

Production is capped in much of the world by politics.  Show me a (more or less) free market country with declining oil production and I'll believe that peak oil is truly here.  Until that day, I will always believe this to be a purely political problem, not a physical one.  There is just no way to separate it otherwise.  

Just because someone has turned off the tap does not mean the well is dry.

Thu, 10/28/2010 - 21:17 | 684933 A Nanny Moose
A Nanny Moose's picture

I indeed. It is in the best interest of the cartels, when the flow is controlled, and the propaganda reads "shortages!" This gives them the pricing power.

Thu, 10/28/2010 - 14:23 | 683945 SheepDog-One
SheepDog-One's picture

Hell with peak oil, peak fraud has now been reached.

Thu, 10/28/2010 - 14:40 | 683999 Calmyourself
Calmyourself's picture

.

Thu, 10/28/2010 - 14:38 | 684002 Calmyourself
Calmyourself's picture

I wish you were right.  I fear the fraud and the American peoples capacity to absorb and ignore it will both increase.

Thu, 10/28/2010 - 15:17 | 684182 philgramm
philgramm's picture

Thank you sir for my laugh of the day

Thu, 10/28/2010 - 17:59 | 684654 saulysw
saulysw's picture

I think I'm at peak ZeroHedge. There is just so much one person can read in a day....

Thu, 10/28/2010 - 14:36 | 683990 Calmyourself
Calmyourself's picture

You are going to really upset some people with this..  I happen to agree that the combination of Nuclear; uranium and  thorium, natural gas, oil, coal, oilsands, shale are going to keep us in BTU's for some time but to many here you are close to blasphemy careful..  Besides haven't you heard the planet is warming and that is somehow bad and is completely unprecedented in earths history...

Thu, 10/28/2010 - 15:07 | 684067 G-R-U-N-T
G-R-U-N-T's picture

DosZap...

Yep! Peak oil what a con....Just like the CO2 we exhale is a pollutant or that man made CO2 is causing global temperature change. What's disturbing is all the uncritical thinking people in the world that believe this crap.

If Prop 23 doesn't pass in California we will then realize the level of ignorance and sheer stupidity of the California Citizenry. It's as if their saying loot me, loot me, loot me please please steal more of our money because we can't think for ourselves and we bow down to AB32 C.A.R.B enforcement... please beat us more don't stop please don't stop your thinking is far more superior than ours because we are people who don't think and it is better you think for us.

AB32/Climate Change is among the biggest most grotesque looting frauds ever perpetrated on humanity. Shit, This century is becoming one big freakn' Fraud-o-rama....Damn it's f**kn' insane.

This type of thinking in government and the naive people that believe it will cause their own eventual annihilation.

 

 

 

 

 

Thu, 10/28/2010 - 18:09 | 684680 Adam Neira
Adam Neira's picture

Confusion often precedes understanding. Maybe all of this chaos is happening for a reason. The universe IS stable, ordered, benevolent and expansive.

"It doesn't matter what you think, we will all know the truth and what is correct in the end !"

Thu, 10/28/2010 - 15:46 | 684305 Ripped Chunk
Ripped Chunk's picture

Where is Trav when you need him?

Thu, 10/28/2010 - 16:41 | 684475 Confused
Confused's picture

Funny, every time peak oil is brought up I find myself wondering about large oil companies and how they are preparing for it. The way I see it (which is strictly from a layman's perspective) is that if they want to maintain their positions of power, they would already be on their way to alternative source. Something that is feasible right now. With the infrastructure to boot. It would ease the transition from one source of energy to another, and their collective power wouldn't suffer. 

 

Did that make any sense? Because it does in my head. 

Thu, 10/28/2010 - 17:13 | 684554 malusDiaz
malusDiaz's picture

You are correct. 

This will happen the economic way though, not the rational way. Think evolutionary, it will take burning the phoenix for it to rise from the ashes.  

The last Buggy whip maker, made the best buggy whip ever made.  But they still failed because they did not adapt to change (aka the automobile)

 

Step 1: Save up to make the transition possible.  (Austrian Economics FTW!..!!1)

Step 2: Create the technology with the savings you stock piled. 

Thu, 10/28/2010 - 17:34 | 684603 Confused
Confused's picture

I see what you're saying. But the shifting from one to another source of energy would leave those unprepared (immediately that is), unable to maintain the same level of power they have now? And why risk it, when they can prepare now? (if indeed oil is running low)

I guess I just have a hard time wrapping my head around it. Those in power want to stay in power. If at any point that was threatened, I would think they would do ANYTHING/EVERYTHING to protect that power.  

Thu, 10/28/2010 - 17:32 | 684601 MrSteve
MrSteve's picture

I have visited the Laser Energetics Lab in Rochester, NY where they are researching fusion, lighting up tiny pellets of D2O with massive, laser-focused compressive heat energy, just like on the Sun. Parallel experiments, etc. take place in Livermore. The research is funded by a grant from XOM and D.o.E. So what you ask about has been taking place for a long, long time. These new reactors would generate electricity with water vapor as the waste product, no dirty radioactive waste.

Do NOT follow this link or you will be banned from the site!