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Guest Post: The Tipping Point has Arrived
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
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Ah, ok.
So from what others are saying "peak oil" doesn't mean we are necessarily running out. For the moment at least. Fine. (sorry, layman here)
What you are saying makes sense. Sure they are working on an alternative. But if it isn't something ready for implementation, then we aren't near the end of oil. See my logic. XOM isn't going to wait until hour zero to start developing a new source of fuel. I would think at that point it would be all ready. And the infrastructure in place.
Did that come out clear. I'm having problems putting things together tonight.
You're Confused because you are watching what is going on and thinking wtf????? (or am I confused??? NO-I'm New_Meat in this venue and there are rusty guys who want to show me their smoke houses.)
And you're right. If the alternatives had any merit, they would (have to be) economically advantageous. Remember (well I do) late '70s when Jimmah Cahta had his Department of Energy doing taxing and tax-dodging economic contortions that resulted in wind farms in CA. (this was back in the era of "global cooling" thank you Carl Sagan). Well, Reagan fixed the tax structure, the tax avoidance strategies depending on gov't subsidies fell apart, and the wind machines empire is rust.
I'm in MA; I've found ONE thing that I agreed with Ted Kennedy: stop the off-shore wind farm "development"
I'm pretty much sure that the objection to nuclear power is based on the eco-freaks. The liquid fossil guys are not competing in that realm. WVA voters will have some significant say with respect to the solid fossil future.
There is "economic" evaluation of a project. That can be kinda' fuzzy when the "intangibles" are introduced. In a thermal power plant, there is a definitive measure of (energy out)/(energy in) = efficiency. It ain't a political answer.
So all of the alternative energy means are less efficient than the "central station" means, almost by definition.
On my long-term list of research is to find the total energy needed to produce a solar cell vs. the amount of electricity it will produce throughout its useful life. I've done the rough calc, but want to go into the manufacturing. So far (Sorry Leo) it ain't looking too well for general use. (Survivalists can charge their radios to listen to Air America, but not for general consumption in the South Side of Chicago).
Good luck in questions-kinda' why I'm here as well.
- Ned
bahaha...
this nation , its land and resources and its people have been raped and pillaged for decades and you believe they left something in the ground even while they had control of the government?
You must be jesting. Hi Doszap.
Given the life/growth cycle of our capacity to utilize the earth for production is in its twilight at best (or at least the peak has been realized), and the "heist" occurred at the peak, then was this THE robbery? Meaning, have enough resources been stolen and sequestered so as to permanently tip the balance of the socio-economic status of the earth's inhabitants... can the spoils of the war be utilized in relative perpetuity at this juncture?
clearly, we're not going to get another bubble as big for a very long time, if ever.
In writ and to wit, a fellow eschatologist is a pleasure to behold.
Well said B9K9. Time to slip the hammer under the velvet glove and take back in the velvet tongue.
Truthy times are a coming.
That Emerson quote. Wow! We've really fallen quite far from the tree of language eh? Sad. Mirrors our owndebasement. All this talk of debasement. We are all being debased.
Need to get me some emerson!
And, on the topic of Tipping points and shapeshifting...my take in June...
http://aadivaahan.wordpress.com/2010/06/18/of-tipping-points-and-shape-s...
ORI
http://aadivaahan.wordpress.com
So, do I need more ammo then?
No ,you need more friends. If the so called "end of system" happens in our lifetime , and i suspect it will , being Rambo is not going to help an awful lot. There will be lots more Rambos out there with bigger guns and bigger gangs.
NO. You need to practice being the noble soul you are instead of a practicing human. Thought itself is power. To be beyond thought is to realize that power. Good luck
Thought itself is power. To be beyond thought is to realize that power.
Hopefully the rule of law is refined rather than violence -- either way the tipping point is fear of personal accountability (prison, lost fortune, etc). Today that doesn't exist.
c'mon american people, be a bit more like the french for once and show the world that america is not going to take anymore crap from
;-)
French unions are holding another day of strikes and protests after the final adoption by parliament Wednesday of a controversial pension reform bill. Figures released by the government on Thursday suggest the number of protesters has been dwindling.
As is always the case, once the PTB stick it to you, you go back to the cafes, drink your coffee and bitch about it. Just like here, except here, we wouldn't even bother to protest en masse since it would interfere with Glee re-runs.
Harry,
I don't agree with a lot you say, but you're spot on here...
This battle can be won, just like during the Revolution it was a few brave men (Our Founding Fathers) that generated the ideas and coalesced (sic?) them into the great writings and rhetoric that birthed our Nation.
I believe that there are partiots and great thinkers that see what's going on and speak out... We are exposed to many of them here... Somehow, ZH needs to get wider exposure because we can't count on the corporate owned MSM.
This war can be won, but it will be frustrating, long and sometimes brutal.
So what type of revolution would we have at this juncture? I think this is of paramount importance, given the potential direction of the country determines whether or not we need to stand and fight together or just leave. Given the highly concentrated wealth and fraudulent/oppressive actions by the PTB, where is this likely to go?
My guess is that we're essentially praying for a communist revolution... whereby the "workers unite" and usurp the capitalists. If so, a statement that "there will be in-fighting between the revolutionaries" would be a significant understatement. Effectively, for any meaningful outcome to such a revolution, the charge must be lead by those persons without culpability in our predicament and who understand the degree of discipline and vigilence necessary to monitor and manage our democracy. Such persons will be cut off at the knees in any communist revolution.
Further, not only must a fairly select group of people lead the charge, but they must land their charge on the head of a needle. Meaning, our present situation is the direct result of representative democracy and mixed capitalism and if we are to have some chance at a durable system post revolution/renaissance/whatever, then we will literally need to make changes and devise solutions and systems not yet humanly capable. In other words, why go through the effort when you know your descendants will be in the same predicament and in short order? In other words, it's not about freedom so much as a change in scenery.
"So what type of revolution would we have at this juncture?"
Um...simplify your thinking. The revolution will be one of defunding the enemy.
If there is one thing to understand about what has happened, it is not simple. Further, we will not subside into anarchy... there needs to be some foundation or platform from which to fight... i.e. our hope for an ideal world. We don't just wreck shit and then figure out that important stuff later... that's not how it works... we need direction.
Further, who is the enemy? The expansion of credit touched virtually every soul on earth. Who is culpable? Who and to what degree should any wealth obtained be redistributed? This is not a simple exercise...
Chill...
It is simple...there is not enough money to pay...and so things won't get paid for.
It isn't anarchy...it will be financial reality which will cause some to act out anarchy [Ipad users]...and others to simple bunker up and ride it out. No one ever promised you a rose garden, buddy.
As for wrecking shit...some things need to be wrecked...because they are poisnonous...like Mega banks. They will fall of their own accord, however, as the revolution of defunding moves forward.
Face it...reality...this jig is very soon to be up...
+ So few actually get it. **News Alert** The revolution is happening right now - yes, this very instant - even as we type. What, you thought it would be similar to how events played out before, with actual overt violence initiating the tipping point? Nope, this is now and this is how it is working: Every day, hundreds (thousands?) of debt serfs decide to refuse to "honor" their "obligations".
Why do you think in times of medical emergencies, doctors/nurses rush to stabilize patients? Because in event of bleed-out, you can die in a matter of minutes. Well, every default, every refusal to pay by yet another individual citizen, is manifesting itself on a collective basis as a cascading bleed-out of the Fed reserve system. Once you realize that they cannot staunch the bleeding, then it's all over except for the crying.
It's happening. Don't waste your time watching news events, or counting on some kind of electoral reform. As the saying goes, nature bats last. Entropy is a beast - it's requires tremendous degrees of organizational energy to keep it at bay. The hounds have been released.
Just kick back and watch it all play out. But make sure you understand where this is heading. It's going to be much crazier than many might imagine.
I think we're in agreement the "tipping point" has been reached... probably long ago... by the time people are calling a tipping point, it was almost certainly far into the past.
The issue here is, fine, we're embroiled in a revolution... no dispute there... the question is the scope, duration, and intensity. In effect, at this juncture of "the revolution", we're at the beginning stages at the latest...
In other words, the "tipping point" is just the beginning... of the quickening. I don't care about the tipping point... I'm concerned and have been speaking to what happens as this thing picks up pace.
Further, in light of the events in which I think many of us predict could happen, I'm not very inclined to relax and put up my feet.
Kicking back is merely figurative manner of speech. What I meant was a sort of post-CogDis mental state where one no longer gets their panties in a wad. (As typified by many emotional posts here and elsewhere.)
Stop waiting for some obvious signal that the game is afoot in earnest. To quote Pink Floyd, "No one told you when to run. You missed the starting gun." It's happening right here, right now with every individual decision to stop paying.
A calm, prepared mental & physical state will be your best chance of survival. Don't bag on others about how you were right & they were wrong/ignorant/blind. In fact, don't ever talk about it. Just lead by quiet strength.
People are going to lose it from just the initial shock that their reality was really an illusion, a fantasy. And just wait until the roving gangs figure out who the soft targets are - you haven't seen fear/shock/hysteria until Mr & Mrs white-bread America has to fight for their very survival.
I can't time the market... so I don't try... I'm not a worry wart... whatever happens happens and I'll likely be in as good of position as the next guy to benefit from any contingency.
The problem is that to a certain degree, we have to attempt to time the market in our daily lives... for example, my wife just wrecked her car. I didn't want to buy a new car, but now I've been given the opportunity. Now, given the potential for increases in gas prices/decreases in disposable income, what should I get? Do I need to just lever up to the gills and expect to never have to pay anything back? Point being, we're forced to participate in speculative endeavors regarding the timing of the collapse whether we like it or not... in this situation, to wait/do nothing is to make a decision also.
I'm not worried about it... again, whatever happens happens... I'm certainly not known for being a worry wart. And I agree that having a stoic demeanor is one of the best survival tools. And I agree that the party started a long time ago... it's just picking up more and more steam... but I'm sure as hell not going to be lackadaisical about it or ignore it... I think anyone who has found this site is not really someone who sits on the porch and watches the cars go by if you know what I mean.
Get a used car from a private party, a new car losses 40% of its value once you drive it off the lot. I would get a toyota yaris, matrix, pontiac vibe (that has the matrix engine) or a nissan versa. What ever you get, get a 4 door used car. It really depends what you want to primarily use the car for but I can tell you from experience do not get a 2 door car. They are great if you are single but a lot can happen in a short period of time that makes having a 4 door essential.
definitely getting a used car and a 4 door... and I don't want to have to think about those reasons why a 4 door might be essential... but I suspect that given the duration we're likely to keep it, the extra doors might be beneficial...
B9K9 - wow, that's intense. That's starting to sound like a Mad Max (er II) scenario. Timing is key though, and there is a lot of momentum in society to keep going, how long will it take? You might wait half your life for this, or it could all come undone before Christmas. I have no idea. I guess it's prudent to plan for the worst, but hope for the best.
You are one of the few who has argued that QE2 will be smaller than expected. Do you still hold that line? I'm interested to see how this plays out...
Someone does not understand the concept of collection apparatus.
The Fed, Treasury, Banks, and every single State Org in the US and the world is a collection apparatus for your energy.
A "wealth tranference device" to use fancy language.
To say that "we should all just kick back and enjoy the show as they "bleed out"" is hilarious.
It is "we" who are bleeding out.
The Bank does not die. It never risked skin. It never existed.
And I will never communicate with B9K9 or Mako, so this missive is not to start a F-war with either, but to provide another viewpoint for a fellow here on planet ZH.
:) LB
"Entropy is a beast - it's requires tremendous degrees of organizational energy to keep it at bay."
Exactly right!!! Everything turns to chaos if there is no energetic intelligent creative will to manage it. The magnitude of these 21st century frauds and the energy to maintain them is fading like an early morning mist as the sun begins to rise.
Everyone that has a sense of presence in these affairs feels it.There is a huge energy shift that has been developing in the American psyche. Where are we going, where are we headed, what will be the final triggering straw? Got a dream boy????
http://www.youtube.com/watch?v=c5_57PF7HwM
"What can't be repaid -- won't be repaid"
So you with the gold get to live and I with the iPad get to die is that it? Why?
Because we have the gold and you have a stupid piece of shit.
That's why.
+1 !!
what if you have both? gold and an iPad? Ha!
Better yet a golden IPad. Oh, and with a built in Uzi.
Think about it another way... if you traded all your food for a night with a prostitute and a balloon of heroin, could you really complain when you starve in a couple weeks? The simple answer to your query is rudimentary responsibility... if someone wants to take it upon themself to give you knee pads, a helmet, and training wheels, then that's their decision... but it probably won't be mine and I expect the same from everyone else.
We go back to basics, the constitution. Strip everything to that document.
The enemy is the bank and the bank leaders.
Which constitution? The original? Which amendments do we keep? What about the court precedent already deciding the effect/scope of the amendments?
Further, given the constitution and its interpretation lead us to our current predicament, why exactly is it the panacea of enlightenment? Maybe we might think about adding/subtracting a few things...
+1
Thank you! This is the 800lb gorilla in the room that the 'restorationists' never ever seem to be capable of addressing.
http://tertiumquids.blogspot.com/2010/09/bill-howell-joins-repeal-bandwa...
In its next session beginning in January, the legislature of Virginia will consider proposing a constitutional "Repeal Amendment." The Repeal Amendment would give two-thirds of the states the power to repeal any federal law or regulation. Its text is simple:
"Any provision of law or regulation of the United States may be repealed by the several states, and such repeal shall be effective when the legislatures of two-thirds of the several states approve resolutions for this purpose that particularly describe the same provision or provisions of law or regulation to be repealed."
"Congress shall make no law abridging the freedom of production and trade."
should be added to the Constitution.
Thats easy. All of the constitution with the ammendments (becuse ammendments are the correct way to make changes to the constitution).
No stare-decisis. The constitution does not provide for the courts to change the meeting of laws or create laws, just decide individual cases based on the constitution as it exists.
This would mean the end of the Fed and FRNs (both unconstitutional). The end of the Depts of Education, HHS, HUD, SSA, Agriculture, Labor, Energy. and on and on.
I decided to remove my rant :)
your rant was good except for the fact it ignores the collapse of the world's reserve currency... I agree with the basic premise that governments keep their foot in the gas and expand perpetually. However, we've hit the proverbial brick wall in growth and only contraction will occur from here. In the case of the collapse of the world's reserve currency, I suspect the contraction will be incredible and be a virtual reset button on the world's governments. In short, things expand til they don't... and we're at the point where they don't.
I don't worry about that "we are burdening our children with debt" crap. When the debt has been repudiated there is none to inherit. We just have to be sure that every sprig of it has been extinguished.
http://www.youtube.com/watch?v=l6gXhPFHRDo
Macho, I disagree entirely. There is such a thing as an American culture, and it is decidedly INDIVIDUALIST, the polar opposite of Communism, Socialism, and fascism/corporatism. I am not of the opinion that this mindset has been utterly eradicated, despite the criminally incompetent/willfully mindshaping public school system. Rather, I feel it is slumbering; but when it is truly awakened--and I think that moment is close; the Tea Party is an indicator of this, even though they've been utterly taken over by the Republican establishment--well, watch out! When they wake up and truly understand what has been done to them--not just by Wall Street and the Fed, but by other criminal entities such as the FDA, Monsanto, the EPA and its global warming acolytes (e.g., Al Gore), the public "education" system since 1980, the totality of administrations since, and including, Johnson, and both parties--well, I could go on, but why bother.
There is an inchoate rage building up (and of course, that is part of the problem--there is no leader for this mass of mad people), which will only deepen once they see that the so-called Tea Party has betrayed them, which they inevitably shall do. That point will be the real tipping point, BTW, because they will require a real leader then. None of the stooges currently on the marketplace are capable of taking over a mass movement, and leading it to something resembling the resolution we had with the Constitution. The scariest part is that the revolted masses may well choose someone like Hitler or Stalin, who woos them with siren songs of liberty and justice for all (and death to the banksters, and anybody else who gets in their way). Let us not forget that Hitler rose to power constitutionally; Stalin did it the old-fashioned way.
I suspect that most have already had their fill of some schlub who claims to be the next coming of Christ--been there, done that, how's that been working for you, Dude? True to a Christ-like figure, Obama has consistently shown the other cheek, to one and all.
That does not work well, either in this country, or especially in non-democratic states, which comprise the majority of the world. They laugh at this as a major show of weakness, and they are correct. Reagan inflated the budget wholesale, but he kept a steely shiv under every "peace" overture he ever made, and that kept our adversaries' attention sharply attuned, even if it was more posture than reality.
What we need to accomplish is a) the abolition of the Fed, and any successors; b) severe term limits, in all jurisdictions (and I say that as a DC area homeowner who would be severely impacted by this--you should see the mansions the former senators, etc. have, from their post--and occasionally pre, if the wife is involved--lobbying efforts). Disclosure: Like a dummy, I paid for mine with cash when I moved here. I had no idea 11 years ago what this swamp was like). c) Mandated review of all newly proposed (and perhaps older) laws, BEFORE any Congressional vote, to determine Constitutionality.
This is not likely to get done without a Constitutional amendment; I'm quite realistic about that. But these are rational, and reasonable proposals, and should form the genesis of any platform challenging the execrable status quo.
Of course this will also require SCOTUS reform- long ago I really did not understand "Re-Education" camps.
Things are different now.
[There is an inchoate rage building up (and of course, that is part of the problem--there is no leader for this mass of mad people)...]
Puckles, thanks for your post.
Personally, I'm not on the look out for a Tea Party "leader" to emerge, in that of a single person. In fact, I rather think a leader embodied in a singular figure runs counter to American culture and Tea Party ambitions. I am leery of a charismatic leader claiming to have all the answers. I don't believe the spirit of America is effectively affirmed by a singular leader. That's not one of the characteristics that enables the U.S. to endure the ages.
Our strength rests in a singular document, not a singular leader.
Our Constitution empowers individuals. All individuals. Some of those individuals come forward as leaders. Leaders coming from and representing people and places with varied local interests. Nearly a clash of leaders.
The emergence of a singular leader is suspect. I'm hoping for a body or group of leaders of varied opinion, geography, and experience to emerge---coming together under a singular document, the U.S. Constitution.
Is the Tea Party "group" the answer? I don't know. I expect much time and many bad things will come to pass before an effective "group" of leaders emerges on the scene to restore our republic.
A long dark period is upon us.
Let us not forget that Hitler rose to power constitutionally;
Do you mean the "burning the Reichstag" part, or the "Night of the Long Knives" part?
Apathy and the thought of 'continuation as always,' is a dangerous thing. You are behind the curve.
You are dead wrong on this one Harry . The French are planning to pull all of their money out of french banks on Dec.7th 2010 . It is a protest against Corporatism (corporations controlling gov't) in addition to the retirement changes made . Here is the link to a german site that reported the plan . Obviously if this goes MSM it will just be that much bigger of a protest .
http://jetzt.sueddeutsche.de/texte/anzeigen/513473
In the grand scheme of things, deposits are peanuts. Secondly, banks don't need deposits as a lending base. That's what central banks are for - to unilaterally pass regulations to make this so and provide low/zero cost 'reserves'.
Nope, the 800 lb guerrilla are defaults. Millions upon millions of individuals throughout the industrialized West defaulting on $trillions of "debt obligations". And they are doing it each day, privately, without counsel with each other or any organizational effort.
When a soldier gets shot in the field, he may appear to be relatively unharmed, but if the bullet(s) hit a critical artery/organ, he can bleed out in minutes before your eyes. No Hollywood theatrics, no anguished cries, just a quiet white pallor, then death.
Forget organized protests. Step back and understand what is actually occuring on a macro scale in every househould, in every country, every day, day after day, right now.
As the debt slave refuses to honor the debt, the value is gone. Poof!
Debt is simply a claim in the system.
The buying power of the USD will be reduced by the market until equilibrium is reached.
Everything else is a symptom of this.
The actual tipping point was back when aggregate credit contraction began, and the process is unstoppable. We are currently witnessing the build of momentum.
I don't share your negative sentiment, B9K9. There is inherent integrity and goodness in every heart; this system simply doesn't reward it.
The next one will.
Isn't the debt some one's money? So promise to pay= money.. Broken promise == the money is vaporized. Down to zero. The only thing to stop it is something that isn't debt/broken promise. Broken promises lead to chain reaction of disappearing money. The death of money.
if (a) energy is neither created nor destroyed, only transmuted and (b) money is commodified energy, then if money (as we know it) is being destroyed, into what and where is the energy going? is it being stored somewhere for future purposes perhaps?
The debt is just a claim, and is currently overvalued relative to payment in full.
Physical gold is payment in full, and is currently undervalued relative to claims in the system.
The gold market is massively diluted with paper gold, and this is before debt takes its medicine.
As the claims rush to get paid in full these relative values will need to find an equilibrium.
The (debt-based) money was created as a concept, and its value can be destroyed in the same way - a decision. As the debt slave quits, the value of debt is destroyed.
But after this destruction of concepts, the physical world remains, unchanged. The only change was in our minds. The real value remains.
Technically, all hard assets serve as payment in full, but physical gold is different in that only gold will recapitalize the system after the implosion of debt brings down the dollar.
By recapitalize I mean the market as a whole will have lost its appetite for debt.
Consumptive spending will diminish as everyone looks to save what they can, and they will not be putting their reserves into debt. CBs hold gold for just this reason.
Letting physical gold float is how they will utilize their gold. The Euro, and now Russia, already MTM their reserves in anticipation.
"integrity will be the most prized commodity of the 21st century"
We are all corrupt able. No exceptions. It's human nature.
"Figures released by the government on Thursday...."
Hmmmmmm.
Exactly. They are hoping some protestors will see that and give up.
And from talking to friends in Paris, it would appear that it hasn't gotten any better.
Good.
Working an extra two years to get the Age Pension is reasonable for the Frenchies. I'm sure I will be working till I am 85 years old.
Reasonable? Sure, compared to our standards. But isn't that part of the problem?
Protestez chiennes! ;)
French revolutions are in favor of soft money and redistribution, in that sense I want none of it. The American Revolution in contrast was in favor of hard money and individual freedom. So fuck the French Protesters (Marxist/Unions) and bring on some real Patriots.
Hopes of a budget deal in Portugal collapsed after marathon talks between the minority government of socialist premier Jose Socrates and conservative leaders ended in acrimony.
Finance minister Fernando Texeira dos Santos said failure to agree on budget cuts will "plunge the country into a very deep financial crisis".
In Greece, yields on 10-year bonds surged 67 points to 10.26pc, the biggest jump since the turmoil in June. The sell-off came after permier George Papandreou warned that the country was still in danger, and threatened to call early elections.
Finance minister George Papaconstaninou refused to rule out a request for an extension of the repayment period for the EU rescue package and confirmed that tax revenues are falling short. "We are deluding ourselves as a country in thinking we have a tax system. We don’t," he said.
Julian Callow from Barclays Capital said politics is intruding in the eurozone fiscal crisis. "It is one thing to promise cuts but it is very different to agree on details and decide where the axe will fall. There are some encouraging signs but Portugal has an awesome undertaking ahead in squeezing fiscal policy by 4pc of GDP over the next year, and the the task may be too great."
Yields on 10-bonds jumped 25 basis points on Wednesday to 5.77pc, far above the likely rate available from the EU’s bail-out fund and the International Monatery Fund. A string of top economists in Portugual have said the country should call in the IMF to gain breathing time.
http://www.telegraph.co.uk/finance/economics/8091023/Political-upheaval-...
Hey Spaulding, are you goning to eat your fat?
Naaaaaaaaw,
... Do you need some ?
Kid'll eat anything.
It matters who's doing the protesting. If the Unions/Marxists/Agitators start protesting and fire bombing cars and school buses, how long do you think it will be until the middle class demands security at the expense of freedom? Enter Pinochet.
bingo. Or, to take it a step further, starts securing themselves... we're headed for a civil war, not some us vs. them/unified front against the principal actors in the fraud against america. Look at it this way, how many people on the bottom end of the food chain are also completely culpable in this mess by continuously voting themselves a slice of the government (my) pie? Or racking up inexplicable amounts of debt for no good reason other than a complete and total lack of discipline combined with an entitlement complex? When you chop off the top (perpetrators) and the bottom (enablers/perpetrators), then you're left with a pretty select minority in which to bring some magical revolution... not saying it can't be done, but it definitely matters who's doing the protesting... and where it appears we're headed.
How can it be a civil war? Who's on the side of the banks and the oligarchs?
The enforcers of the banks against the people (the police, the officers, etc., ) may realize that they are 'the people' too, especially once they realize their pensions are gone and are no longer going to get funding because there's no more tax base to fund them.
No one is on their side, no one has to be. Rather, the banks are on the side of the "dependents of the government" and the debtor slaves. The other side is represented by a relatively small portion of our population who has little or no entitlements in the government, who did not have anything to do with our current predicament, and who completely understand the sustainability of our resources (or lack thereof).
Essentially, those persons who are presently wards/dependents of the state (poor, failed businesses, governmental employees, etc.) all have a vested interest in setting up a similar system on the back side of the "revolution". Clearly, this is unsustainable if not inherently immoral. In other words, the dispute arises from the degree of involvement of the government post collapse, not some unified front against the banking cartel... the reason the banking cartel rose to prominence in the first place was that their interests coincided with that of too many others... the vast majority of america has its hand in the cookie jar.
In short, it will only be in an atmosphere were the wards/dependents of the state have completely lost everything AND have no hope of ever recouping any former entitlements that they may even possibly be objective about which side to choose. I'm not certain that even in our deepest hour of despair, this is likely to occur. We'll see soon enough.
Do you really think that americans will unite to destroy our social safety net? That's ultimately what this is about... the unsustainability of the system. It's going to inherently fuck over certain people (wards/dependents of the state), which will cause them to be perpetually against meaningful reform. This is precisely why we have lasted as long as we have despite mathematical certainty of our demise.
Stop making sense.
+100
Every time I post on the Globe and Mail to end SS, the Canadian healthcare system, and public schools, I get voted down.
"Every time I post on the Globe and Mail... "
well that's your problem right there. You're trying to write poetry on a used condom wrapper.
I am tired of comparisons of the French protests to the Americans "not doing anything." Americans are having Tea Party rallies, we just aren't having rowdy protests like the French. Why? That's just not how we do things here because people still have respect for our political system. Also, Americans only have two modes: laid back (lazy), and violent. When we finally get pissed enough, it won't be French-style rioting throwing rocks and burning cars - you'll see battalion sized groups of men engaging in gun battles with assault rifles. Remember Waco? Multiply that by every city in America and that is what it will look like.
Dream on. The number one obesity country is USA. Overfed clowns are not going to engage in anything. Americans are obedient little peasants, not standing up for their rights. Brainwashed poor souls think that would be socialism. There is no hope for USA currently, things are about to turn real nasty soon.
What French are left.
Noticed your back at the gristmills, you lost.
When is France going to pull a Germany, and stop the immigration of foreigners, that are taking over your country?.
Merkel sees it, and the Aussies also.We are no better off here,if our foot is not put on the neck of immigration, we will be a nation of ethnic minorities who will change the landscape and laws forever.
We are so fkin stupid it's unremakable.But, as of now, that seems to the an issue for later, if there is a later.
The most popular name for a boy born in England is now Muhammad.
Truth, bitches!!!!!!!
Even more alarming:
Ther three most popular boy's names in the U.S. are Juan, Jesus and Jose....
Eight years ago in one of my pure research phases I went through the Births, Deaths and Marriages registry. I was checking name frequencies of my ancestor who landed in Australia in 1817. After I had found what I wanted I decided to look up the name "Adolph" as boys name over the years. There is not a huge German population here, but still a sizeable community. Before 1933 the average number of little Adolphs was about 470 per annum. After 1945 the numbers dropped off to near zero. I think I remember one especially determined or couldn't care less parents called their bundle of joy Adolph in 1956.
MOTS (Moral of the story) Names like fashion change over time. A name is just a name. Who knows what people will be calling their kids in 2050. Moon Unit perhaps ? Or has that already been tried ?
My blood line is certainly not one of the original colonies/settlers/etc of the United States. I think we might be above the "immigration of foreigners" debate. This is what made the United States a great country. People don't just pick up and move to take advantage of a "system". Do you know what moving from one country to another is like? Leaving family, culture, everything you know. Having to learn another language (or not as is the case I guess) as an adult. People only do this for a better life. NO ONE leaves everything they know for anything but.
If a system somewhere allows them to prosper without fully integrating, then perhaps the system is the problem, not the immigrant.
If you can't trace your family back to the beginning, then this argument isn't for you to make. If you can, great. But either way, be proud. Our country provides opportunity. If it didn't, my family never would have came here four generations ago. And I'm going to guess yours wouldn't have been here either.
I'm not trying to argue with you personally. I'm passionate about it because I've been on the other side living outside the US.
America is great. Everyone here knows that. But its the people and the opportunity that made it great. That includes immigrants.
I guess that the demarcation line is purpose. Is not the legal vs. illegal alien, although that has been the argument. I personally know citizens that proudly leach of the system, picking their neighbors pocket by proxy and would be offended at the suggestion that there is anything wrong with that. I also know Mexican citizens illegally residing in the US that have their own business, hire citizens and speak English. I know that in El Paso, Mexican children from Juarez cross the border daily to attend El Paso public schools. The school system is well aware of it and encourage it.
Bottom line is that the system provides the opportunity for individuals to pick their neighbor's pocket and we cry foul when a Mexican is the one doing the pickpocketing.
Stop state sponsored theft, and the thieves will dwindle. Or become violent and protest in the streets like the French.
No, immigrants who bring productivity and a communal, social attitude are the ones who make this world go round. But being a responsible human being is nothing new. What tears apart a nation is diversity. The Irish congregate in one neighborhood, the Italians in another, and the Russians down the street. Whom all bring their own cultural values and traditions with them. This will never change unless the vast majority of people realize that we are all uniquely different, and that the only thing we should identify themselves with...is our self. Namely Reason over institution.
"When is France going to pull a Germany, and stop the immigration of foreigners, that are taking over your country?."
They are already providing the Roma with an all expense paid two week vacation home.
It will end when the Euro ends.
Vive La France !
La Marsellaise is the best national anthem.
To you, May be. The best is Russian. http://www.youtube.com/watch?v=kMZfXN1UOpw
I agree the tipping point has arrived. But many wars (and make no mistake about it, this is a war) carry on for many months, even years, past the tipping point because of momentum, ideology, fear of loss, apathy and even greed to extract as much as one can before the fall.
As with any exponential process, the majority of movement occurs very close to the end.
Yes could go on for months, or equally possible we could wake up tomorrow morning to the same scene as USSR's 'fall' and see live news coverage of tanks rolling across the White House lawn. Either timeline is just as possible, but the same end result is out there, getting closer.
We are at the mercy of a mad man who is being controlled like a puppet.
It appears to me that the "fall" has already occurred. It is merely being papered over and being concealed under the extend and pretend "propriety" of the fawning MSM.
Which, unlike the case of the USSR, faces us with a very different nut to crack. My fear is that a steady decline will be carefully managed by TPTB in order to undermine any meaningfully deep epiphany which would ignite the public.
At this point, I see a Show Me The Note movement as the most powerful weapon we have.
Yep, good post Bob.
Going back to food "stamps" and eliminating SNAP cards, along with having to go stand in a line and pick up your food stamps or unemployment check in person.
Eliminate the plastic SNAP/direct deposit of benefits (other than SS & SSD, simply cause old people would become targets) and make them stand in line at the benefits office on the first of each month.
Now that would get some people to wake up and see it for themself.
How do you get the masses to revolt when over 1 in 3 and in some cities up to 1/2 are dependent on receiving a govt check? TPTB keep the serfs in check with their monthly payments.
make them start picking up trash on the highway to collect the check... all while the purchasing power of the checks diminish. Eventually, they can come to daddy warbuck's shop, buy a $5 shovel and start working for $.05/hour... and the shovel has a life expectancy of about 50 hours... and, well you get the picture.
eventually, the dependents ride the coattails of the productive into the ground... seeing this ahead of time, the productive/capitalists implement the nuclear option as a pre-emptive measure, central banking. As the government becomes stripped away, the productive/capitalists fill the power vacuum and shed themselves of our previous collective bargaining results. Eventually, we get sick of the whip in our backs and the process begins again. The only difference is the degree to which we enslave ourselves on the drug (credit) each cycle.
Nice sentiment, but one day while they are picking up the garbage they notice there are 100 of them and 3 supervisors and that they have the numbers and little to lose.
The tipping point that has been reached is not for the elite ... it is for the middle class Tea Party types who protest peacefully, pick up their own garbage (which some Dem will say is depriving the deserving poor of an opportunity to make their contribution to society), and then go to work and pay their taxes (because, with withholding, they really don't have much choice).
The real civil war that looms on the horizon will be between the cities and the countryside. They've got the numbers, they have just as many guns, and many of them don't have the morals to keep their basest depredations at bay.
What is ours will be theirs ... just spreading the wealth, so to say.
I agree that in the resource grab as the supply chain/jobs continue to dwindle, the largest potential for conflict exists between the presently urban and rural. Presuming that relocation to rural areas is not made mandatory by the standing army of the federal government, I am not significantly worried about urbans invading rural areas. Generally speaking, urbans have no fucking clue how to live from the land, don't know all their neighbors, cannot hit a watermelon at 500 yards under pressure, and are in "foreign" territory. Smart money is on the rurals to prevail I think. Hell, much of rural america may not even be aware of/impacted by the larger depression.
But for sure, as deleveraging continues, the relative quality of life increases made by rural living will draw many to the countryside. They'll likely be met with... significant resistance. Best of luck.
Nice point Bob.
"My fear is that a steady decline will be carefully managed by TPTB in order to undermine any meaningfully deep epiphany which would ignite the public."
Bingo! That's ALWAYS the plan. Bring the frog in a pot to a boil SLOWLY.
I couldn't agree with you more.
That's the course which many fallen nations have taken. Most, in fact, if there's a decline after a period of big prosperity.
Those in power have too much to lose to relinquish that power, no matter how tenuous their grip, no matter how wrong for the country as a whole, no matter how repugnant or immoral their methods get.
I see a decline, and that's about it. No real radical "change for the better" or reshuffling of the deck on the horizon. But there's always the unexpected.
No real radical "change for the better" or reshuffling of the deck on the horizon. But there's always the unexpected.
You will BEGIN to see that next Tuesday night.
A NEW world starts Weds a.m.
The Tea Party regardless of what you think, is the start of the second Civil war, so far w/out shooting.
IF radical change is not forthcoming from the 10sq miles of shite, voluntarily, it WILL be changed by WE the people.
No New World. Same Old Shit.
If RepubliCorp takes control of the House, this guy become Chair of the Energy
Committe...GOP Rep. Joe Barton of Texas
Yep, the jackass who apologized to BP because the White House was attempting to hold them financial accountable (to some realistic degree) for the Gulf Oil Spill.
http://news.yahoo.com/s/ynews/ynews_ts2660
Prayers for the United States of America.
Unfortunately Bob, Show me the note has no momentum. Check the poll here at ZH.
Most were confused about what it meant. No, show me the note is for people like me who are scofflaws, imps, bad seeds if you will. People like me who like to ignore parking tickets and think speed limits are merely suggestions but won't DUI.
I agree it's the weapon of destruction against everything that's wrong. If people want to play it safe open an escrow account and then do the show me the note.
It's for every homeowner. The problem is that a brief, clear and sensible explanation of the matter combined with a boilerplate solution is not otherwise available, as far as I know.
There's nothing radical about asking to see your note. Why to do it and how to go about it is the only thing missing.
Who has tanks?! Military coup?
I look forward to the tipping point and the eventual awakening of the masses. It will come, but the sad part is the mass awakening will only come with a stark change in reality of all who wake near the end. That change in reality will be painful and hatefilled for those that wipe the sleep from their eyes when it is too late and they are left holding nothing.
Those same people will look back at the few brave souls that sounded the alarm that "THE DOLLAR IS FALLING!!!! THE DOLLAR IS FALLING!!!", all to realize that the only loons were the ones that failed to listen.
I agree with you.
I wonder they will treat those of us who tried to warn them. I'm guessing they'll hate us even more because we'll be a reminder of their foolishness. I don't expect I'll ever hear the words "I should have listened to what you had to say".
I figured out some of the nonsense that was going on when gold was sitting around the $750. My pops didn't move into gold until it was at $950. Ever since then he reminds me, "If it wasn't for you talking about gold, I would have never bothered with it."
Too bad he still thinks the Republicans will save the day.
Problem is, due to their life-long conditioning, most will wake from one delusion only to find themselves in another.
Especially when the tipping-point is yet another false-flag attack to distract attention, and divert the herd into the next trap.
Then we get our beloved martial law, because as we all know, TPTB "have to do something to save us!"
Now is the time to start planning.
Learn about your neighbors. Who has gold. Befriend them, study their patterns, weapons, weaknesses. Fortify your weapons, explosives, gasses, bio-chemical weapons for their HVAC systems.
Formulate a plan to liberate their holdings. You are the king, it is your gold NOT theirs.
Get prepared and you will not have to buy one OZ.
It's people like you that get promoted right to the top of Goldman Sach, the Treasury, CITI, JP Morgan, etc. Fucking thief.
I am king of the jungle and I patiently wait for it's return.
So I guess you want your loved ones (you do have family, no?) to live in the jungle too?
Insanity.
He may be a troll, but this "thinking" is alive and well here in the USA. There are many who think with a few guns and a few men who know what they are doing, that most anything can be taken from anyone. Serious gangs (MS13, Crips, Bloods, Hells Angels, etc..) thrive in mayhem where their is no rule of law (see Mexico). Please review the Rodney King riots or Katrina on Youtube, to remind yourself of what can happen right here in America.
If people like this guy are planning their "offense", you better be planning your "defense" just as well.
Absolutely. In a Dollar collapse scenario the country could get a barter economy going.
However within a few weeks trading patterns will reveal who has the gold, the guns, the ammo. Its all downhill from there. We can keep our existing masters or live in the same fear of our new masters.
My choice, atleast for now, is to have nothing worth stealing or taxing. it has the bonus of not needing to stay fully employed. Time is more valuable than money or gold.
No, you're a douche.
Your the only one who has been to the jungle? Right...
rofl
the guy does seem to be advising theft, no? 2 funny and absolutely shameless.
You will be prepared or you will not. Either way my nano-particulate formulations of benzodiazepine will put you fast asleep and your gold will be liberated by my troops.
No need to get emotional. I promise to put it to good use.
You have got to be kidding. Right? See my comment above.
You are being played. Stop feeding the troll/streaker.
http://www.youtube.com/watch?v=WLp7-fdQvaQ
I personally love this one: http://www.youtube.com/watch?v=FMEe7JqBgvg
LOL
I can see why. It had me laughing out loud a few times. I've saved it for future reference.
Brought a tear to my eye -- thoughts of ole Johnny Bravo / Master Bates....
Clever strategy, but I am a step ahead of you. I have already painted by tungsten to look like gold and my gold to look like tungsten.
I painted me Gold Silver and my Silver Gold.
Wait a minute........
I painted my gold eagles brown, wrapped them in gold foil and put them in a candy bowl. Just have to remember not to hand them out to the kids trick or treating this weekend.
We have trained the junior members of the team to arrive at your door in a very excited state. Excited you presume because they have consumed too much Halloween candy, wrong. One is trained to dash inside your house like a dog chasing a cat, high on sugar and curious like kids are.
You go after him and the rest of the team quietly deploys themselves. They they are, in your kitchen drawers.
http://www.ehow.com/how_6168543_make-key-imprint.html
This guy is awesome. Best stuff I've read all day.
" I painted my gold eagles brown, wrapped them in gold foil and put them in a candy bowl."
Hilarious!
"I painted my gold eagles brown, wrapped them in gold foil and put them in a candy bowl. Just have to remember not to hand them out to the kids trick or treating this weekend."
You now have a broken candy bowl, and a severely bent countertop, and chocolates that will break your toes if dropped.
I wonder how you and your pals will deal with the contact poison that is on the innocuous material on top of the gold?
They are very easy to make. Just DMSO (available at any feed store), and any poison. The DMSO will allow the poison to cross any membrane, including your skin and the blood-brain barrier. Mix it with a bit of LSD, and your troops will tear each other to pieces.
You're not the only one who knows how to use poisons, and what goes around, comes around.
We are well aware of all but a few tactical deterrents. 2 of our agents have a pedigree that put them in Cube 1, Gulf Region, Seek & Recover, the year 2003. The yield? Metric tons my friend.
You are no challenge. Neither are your IP addresses.
Thanks for the warning! Mosby and i are waiting for you
You will sleep well and awake refreshed and much lighter.
You're going to be surprised when you come to my "home" and find that it is a hospital, then.
And there is no way to prepare for everything at once, short of using a tank, and treating the remains of every house you loot as a chemical spill site, which I'm sure the neighbors won't take kindly to. Hard to wear both bullet protection and hazmat suits. Even harder to tell the difference between water and DMSO without touching it with your bare hands. Also, DMSO will penetrate any form of protection, except for thick rubber gloves. A spray of that stuff (with the proper additive) on your mask will have you down within a few minutes at most.
This is why smart people don't go looking for trouble.
You nailed it again; well said...
Courageous people try and mitigate trouble.
Uh, OK, Jello ... Just doing your part?
Fortify your weapons, explosives, gasses, bio-chemical weapons for their HVAC systems.
Yeah, the sheeple may be dumb, but they haven't lost their humanity yet. There's hope afterall.
What are you going to do when your brilliant plan goes awry?
Get shot to death, that's what.
But then, at least when you gamble, you bet your own life, unlike the thieves in Washington.
Oh well, got to die eventually, may as well die not as a whimpering mouse. BTW, I highly doubt this conclusion many have that if a real overthrow of this govt got any real momentum that the military would do anything but help. The military is in chaos right now and very leery of this govt. Ive read many stories that high up military are seriously considering a coup.
We might wish to consider that the military-industrial complex is now the financial-military-industrial complex.
I'm not so sure about the industrial part...
But in other news aircraft activity has suddenly appeared at Moffett Field in the past 3 days... after months of quiet. mostly jets and military helicopters... forces are being repositioned.
Industrial simply means the manufacturing of the military machines. It never meant autos or machine tools as much as the joint benefit of the military ordering the weapons and "industry" making the weapons. Financial has always been the key part. It was just never widely recognized until now.
Big business.
Financial/Military complex was my point...
The GS logo on a F22...
Really?
I was to understand that Ike was talking about the military and the industrial complexes. As many industries (auto makers included) are under the umbrella of 'military suppliers'.
One of my favorite 'icks' is G.E. The Hudson River is still so polluted 37 years after their dumping that you cannot eat the fish out of it nor drink the water. But then again...they are also under that same umbrella.