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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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you don't have to be a weatherman
to see which way it's goin'.
At least we live in interesting times
As we marked time
Time marked us
The pond dried
The trees withered
-Thoreau
My Watch
An Instructive Little Tale
My beautiful new watch had run eighteen months without losing or gaining, and without breaking any part of its machinery or stopping. I had come to believe it infallible in its judgments about the time of day, and to consider its constitution and its anatomy imperishable. But at last, one night, I let it run down. I grieved about it as if it were a recognized messenger and forerunner of calamity. But by and by I cheered up, set the watch by guess, and commanded my bodings and superstitions to depart. Next day I stepped into the chief jeweler's to set it by the exact time, and the head of the establishment took it out of my hand and proceeded to set it for me. Then he said, "She is four minutes slow-regulator wants pushing up." I tried to stop him--tried to make him understand that the watch kept perfect time. But no; all this human cabbage could see was that the watch was four minutes slow, and the regulator must be pushed up a little; and so, while I danced around him in anguish, and implored him to let the watch alone, he calmly and cruelly did the shameful deed. My watch began to gain. It gained faster and faster day by day. Within the week it sickened to a raging fever, and its pulse went up to a hundred and fifty in the shade. At the end of two months it had left all the timepieces of the town far in the rear, and was a fraction over thirteen days ahead of the almanac. It was away into November enjoying the snow, while the October leaves were still turning. It hurried up house rent, bills payable, and such things, in such a ruinous way that I could not abide it. I took it to the watchmaker to be regulated. He asked me if I had ever had it repaired. I said no, it had never needed any repairing. He looked a look of vicious happiness and eagerly pried the watch open, and then put a small dice-box into his eye and peered into its machinery. He said it wanted cleaning and oiling, besides regulating--come in a week. After being cleaned and oiled, and regulated, my watch slowed down to that degree that it ticked like a tolling bell. I began to be left by trains, I failed all appointments, I got to missing my dinner; my watch strung out three days' grace to four and let me go to protest; I gradually drifted back into yesterday, then day before, then into last week, and by and by the comprehension came upon me that all solitary and alone I was lingering along in week before last, and the world was out of sight. I seemed to detect in myself a sort of sneaking fellow-feeling for the mummy in the museum, and a desire to swap news with him. I went to a watchmaker again. He took the watch all to pieces while I waited, and then said the barrel was "swelled." He said he could reduce it in three days. After this the watch averaged well, but nothing more. For half a day it would go like the very mischief, and keep up such a barking and wheezing and whooping and sneezing and snorting, that I could not hear myself think for the disturbance; and as long as it held out there was not a watch in the land that stood any chance against it. But the rest of the day it would keep on slowing down and fooling along until all the clocks it had left behind caught up again. So at last, at the end of twenty-four hours, it would trot up to the judges' stand all right and just in time. It would show a fair and square average, and no man could say it had done more or less than its duty. But a correct average is only a mild virtue in a watch, and I took this instrument to another watchmaker. He said the king-bolt was broken. I said I was glad it was nothing more serious. To tell the plain truth, I had no idea what the king-bolt was, but I did not choose to appear ignorant to a stranger. He repaired the king-bolt, but what the watch gained in one way it lost in another. It would run awhile and then stop awhile, and then run awhile again, and so on, using its own discretion about the intervals. And every time it went off it kicked back like a musket. I padded my breast for a few days, but finally took the watch to another watchmaker. He picked it all to pieces, and turned the ruin over and over under his glass; and then he said there appeared to be something the matter with the hair-trigger. He fixed it, and gave it a fresh start. It did well now, except that always at ten minutes to ten the hands would shut together like a pair of scissors, and from that time forth they would travel together. The oldest man in the world could not make head or tail of the time of day by such a watch, and so I went again to have the thing repaired. This person said that the crystal had got bent, and that the mainspring was not straight. He also remarked that part of the works needed half-soling. He made these things all right, and then my timepiece performed unexceptionably, save that now and then, after working along quietly for nearly eight hours, everything inside would let go all of a sudden and begin to buzz like a bee, and the hands would straightway begin to spin round and round so fast that their individuality was lost completely, and they simply seemed a delicate spider's web over the face of the watch. She would reel off the next twenty-four hours in six or seven minutes, and then stop with a bang. I went with a heavy heart to one more watchmaker, and looked on while he took her to pieces. Then I prepared to cross-question him rigidly, for this thing was getting serious. The watch had cost two hundred dollars originally, and I seemed to have paid out two or three thousand for repairs. While I waited and looked on I presently recognized in this watchmaker an old acquaintance--a steamboat engineer of other days, and not a good engineer, either. He examined all the parts carefully, just as the other watchmakers had done, and then delivered his verdict with the same confidence of manner.
He said:
"She makes too much steam-you want to hang the monkey-wrench on the safety-valve!"
I brained him on the spot, and had him buried at my own expense.
My uncle William (now deceased, alas!) used to say that a good horse was, a good horse until it had run away once, and that a good watch was a good watch until the repairers got a chance at it. And he used to wonder what became of all the unsuccessful tinkers, and gunsmiths, and shoemakers, and engineers, and blacksmiths; but nobody could ever tell him.
-THE END-
Mark Twain
IMHO - Tipping point my buttocks.
How many tipping points have we had already? Or, "this time is different?"
And you revolution guys are a riot, too. OK, since you've had tipping point #76, tell me, who are you going to shoot first?
Your snarky snickering just shows youre trying to hide cowardice.
You counter my pun with alliteration?
I raise you by an analogy -
cowardice : wisdom
bravery : _____
OH ok that makes a lot of sense. Sorry I dont like your 'He who hides and runs away today, lives to run away another day' philosophy...just runs contrary to my 8 years in USMC.
Just because you suck up to power doesn't change the fact that you are a PUSSY.
May your chains rest lightly upon you, and may history forget that you were once one of our countrymen.
You've got that ass backwards. The state shoots first and asks no questions later.
Oh, they ask a question alright. "How could this have been prevented?"
The inevitable answer is that individuals give up more liberty.
US effectively has two central banks - the Federal Reserve itself are two layers of distributive branches, but the Treasury, because it is the issuer of the original international dollar, can easily, indeed does, conduct auctions of Treasuries, as well as having its own reserves with which to effect monetary policy, except through government institutions rather than, as the Fed does, through a privately-owned banking architecture.
Talk is cheap....If Gross really believed what he said, then he'd shut down his bond funds and pay people their money back. If he truly believed that our economy was a Ponzi scheme then he'd resign, close down Pimpco and fight for the "cause". He won't because he's a greedy coward. Actions speak louder than words. I'll believe in what he says when I read his resignation. How can he collect a salary knowing that every day he's buying more garbage for his investors. Paying 100 cents on the dollar for something that will eventually be worth 50 cents. It's criminal. If he believes what he says, then isn't it a conflict of interest for him to be putting client assets into the rubbish ?
I agree 100%. He won't resign, just as those in charge of the Titanic didn't say "everyman for himself, now let me help you get off." No, they let the music play til the very end. They pretended everything was ok. "People, go back and play cards," they shouted as they packed their belongings and headed to leave. Many parallels to consider.
Whether people pretend nothing is wrong or they pretend they know something is wrong but they will be OK or that they can even profit from the situation, what everyone doesn't wish to recognize is that the pretending itself in whatever form it takes is "The Big Lie".
Thus we are hostage to it no matter what as long as we are pretending. That makes us easily manipulated and blackmailed.
Sorry Mike Krieger- As per my July post, the tipping point was July 4th 2010. That was the point of no return. What exactly rests ahead, no one knows for sure. What I do know, the culmination of many trends, schemes, and variables comes to an end in a few days. After that, we have a period of "quite", a time to think about what just occurred. People will continue to do what they always do- go to the mall, eat out in resturants, go to work, buy "things", watch Dancing with The Stars etc etc. However, before Thanksgiving, the full impact of that catastrophe will have been realized and I expect a systematic collapse of the entire system; everything from transportation, to energy, to finance, to the internet. Everything. Globally.
The end time has come. Oh, and by the way- don't go blaming GOD for what is about to occur- we humans have no one to blame but ourselves.
I despair for some poor feckers on here.
Harry Wanker is quoting government missives as fact...." Figures released by the government on Thursday suggest the number of protesters has been dwindling."
"Figures released by the government" is a bit of a give away there Harry.
'And the idiot Plocequ is going to plant hybrid seeds.......that won't reseed. Fuck my old boots.
Regards
Lol, you caught that also. I was giving him the benefit of the doubt thinking he meant hierloom.
That Hybrid seed thing was funny!!! I thought to myself that must be some city boy..... Never ever use Hybrids!!! I use old timey seeds yes heirlooms. I've got some curly kale growing now from seeds passed down from my grandmother.
Any way one should always be prepared I got plenty of food stored and canned and the hens are just laying more eggs then we can eat but I give some to my neighbor and I get some of his horse manure for my garden.
Become as self sufficient as you possibly can.
I think Harrys nervous postings and latching onto govt propaganda are quite telling.
peope act like those calling the shots are going to rescind power so easily... when the game is over, it's still their game. and they will take their dice with them.
Wrong conclusion.
Geithner: How long are we going to be stuck in this tunnel?
Bernanke: I see a light
Geithner: Yeah, but is it the end of the tunnel or a train coming to run us over?
Bernanke: I guess we'll find out after the elections
Geithner: Ehhhhh
I hope Geithner, Bernanke, and all of the other so-called 'elites' are waking up from their delusions of tyranny unchallenged and are VERY uncomfortable in the French Revolution situation they suddenly find themselves in now.
insightful, prescient, well done post
why I come here
all you naysayers can go fuck yourselves
Problem is, tipping points and awakenings are all based upon the wishful thinking that the herd will suddenly develop critical thinking. Then, the wishful thinkers believe the herd will make a stand and take back control over their own life.
To me, this is just a fantasy many have been conditioned to believe, and instead represents the next trap set by the elites. Because see, your tipping points are really their eggs to break in order for them to continue dining on omelettes.
So what happens here but watching the wishful thinkers cheer on the collapse so we can enter their Age of Aquarius, when what will really happen is we progress to the next layer of Hell on Earth.
If the tipping point scenario had any merit, we would've progressed to it long ago, instead of devolving as we have.
Imagine all the lousy assets hiding on balance sheets all over Europe ? QE2 is the best thing that's ever happened to the EURO. The EURO should probably be at about 1.15, but all the QE2 talk has focused on the US. If it's that bad here, then it's worse there. Just a matter of time til we start to see the austerity riots back in the good old UK. Everyone cheered the cuts, but they've yet to feel the pain. Let's see how they feel. We know that eventually it will all be coming across the pond back at us.
Typical American talking! USA IS NUMBER ONE! It is much worse in the US than in the EU. USA is about to collapse due to overspending and because of the huge killer debt burden.
Inflection points are only determined in hind-sight. That's just how they work. Once you are on the falling-edge and you know you are, and it's just going down like a $2 whore and everyone is terrified, then you look back and say something like, Feels to me like the tide turned in October of 2010.
Then you resume grinding the wheat by hand so you can make another loaf of bread to get you through the week.
Not saying the guy is wrong here, just saying this isn't how it works. We'll be taken utterly unawares when the knife falls. We won't know for many years that the knife fell just when it did. But we'll be feeling it.
Very "Black Swan" ish.... agree.
Well youre aware the knife is going to fall now arent you? So how can you be then surprised when it does?
You are 30 years too soon to be trying to paint me with that brush.
Your reply didnt even make any sense.
Pure self revelation, even when it is directed at you. No wonder some have such trouble with comments not directed at them..
Good point, Cougar, but I am enjoying the news more these days. The TBTF boyz are finally up to their arses in alligators;)
Oh I agree. This is finally becoming interesting, the sharks are now eating each other. I still don't want to be in the water with them, but I'll watch.
In the end I suppose we're all going to be eaten by this. That is more to my original point. My sense of abstract justice hopes to be met in the coming years as the oligarchs (well some of them, let's not get our hopes up) are paraded through the streets in ox carts and hence off to the empty parking lots of the blasted big-box shops of yor outside town, where await the noose and then the pyre. Because you know what, a principled cemetery populated by the honest dead is too good for the likes of these.
"This is the issue of this election: Whether we believe in our capacity for self-government or whether we abandon the American revolution and confess that a little intellectual elite in a far-distant capitol can plan our lives for us better than we can plan them ourselves. "
Surely the "forefathers" didn't conceive of the Grand Experiment as a done deal, suspended in amber for eternity, but rather a call to battle that must be fought vigorously and continuously to maintain its core identity.
That's not even a supposition. That's exactly what they had in mind. Because they were smart guys -- for their time or our own time, just smart guys -- and they knew from the lessons of history that any system built on any set of principles will eventually be overrun by a single principle -- that of self-interest. Period. Might take a generation only, or it might take a dozen. But eventually things harden up and the gears become sticky with money and people with fewer moral fibers and more guile than they ought to have simply take over and the music stops, seemingly forever, because self-interest is self-reinforcing over all other interests. The end game is then upon you for everyone will get theirs and the Devil will get the hind-most.
The music stops somewhere every day all the time. Takes a few principled people and a little noise (maybe a lot of noise, YMMV) to get the party going again. No different in America, no different than any other century.
It's been 11 generations since the War of Revolution. Fewer still since the Civil War, and that one counts. We're probably overdue. But then we always were a rowdy bunch of bastards, and I'm including the Native Americans and that includes the Aztecs.
dxy down, a percent plus
long silver..
Tipping point? On the run? Not yet. There is a lot of cards to play. What a coup it would be for TARP2 (Son of TARP) to be passed. Or if property law s overturned to bail out the banks. The big boys still hold the reins of power and they will see us broken and shattered even if we "win". The reasons are simply assuming we "win" then it's in there interest to follow a scorched earth policy to protect their withdrawal.
The tipping point won't really happen till either the dollar ignites or they try to put in austerity and the Americans rise up. In my humble opinion we are still waiting for the big event to happen to decide where this thing goes.
The reasons are simply assuming we "win" then it's in there interest to follow a scorched earth policy to protect their withdrawal.
For that to be effective they will also have to give up what have been traditionally called WMD. Because if what you suggest were to happen what would be left would resort to nuclear, biological or chemical blackmail. Treaties be damned. Who would want to house a red shielder, or one of their spear chuckers then?
Miles,
I referenced you in my comment above. Might wish to take a look.
Even if I do not respond does not mean I do not try and keep up with the comments. Most especially those from the commenter's I know and respect Cog. Good to see you keeping at it. I admire your tenacity pal, especially with the ever rolling and building avalanches whose dynamic potential is all around us and ultimately is us. I am reminded of an old quote...
A tribal elder was telling his grandson about the battle the old man was waging within himself. He said, "It is between two wolves, my son. One is an evil wolf: anger, envy, sorrow, greed, self-pity, guilt, resentment, lies, false pride, superiority and ego. The other is the good wolf: joy, peace, love, hope, serenity, humility, empathy, generosity, truth, compassion and faith." The boy took this in for a few minutes and then asked his grandfather, "Which wolf won?" The old Cherokee replied simply, "The one I feed."
Such a tragedy that the prepackaged dog food out there is straight from Chez Shalom, juiced with melamine. Like it or not it is our lot to deal with it. All of us since we are all on the road, or slope to the same destination. I am sure you'll keep riding strong and I'll see ya pal. Best -
Who would know the true culprit? Would they go on TV and announce "We have released a weaponized plague on you!". I'm not even saying nukes or anything "visible" as a direct attack. They can completely devastate the economy and then go nuts getting into conflicts and then run out the back door. But dial that up a notch and they could just release a bio weapon at key areas. I'm sure our boys have cooked up some nice stuff that will have a very high kill rate. Sure we may be pissed about being looted but with an advent of a super plague I think most people will be more worried about staying alive.
When someone is pushed up against a wall it can only be expected they will use every weapon and tool at their disposal to survive. And I'm not saying do nothing, I'm all for them being pushed but we have to be realistic about what to expect from pushing.
Fair enough. When all is said and done, however, at that inevitable final moment we all face we'll all be answering the same equisitely simple question: What did we do with the time we had?
Biological zombie apocalypse. Shotguns work well on zombies, chainsaws are effective just make sure you wear goggles.
It is always good to remember that fight club is everywhere. This is the rot, or what I refer to as the MS within this and every other structure. Most especially the "professions". This forms what I believe to be a central underpinning of the macro centrists actions that attest to their belief that they are on what Sun Tzu called desperate ground rather than hemmed in ground. Desperation of any stripe is most predictably unpredictable.
Wow, this stock is getting flash crashed up....
Get with it, its flash dash per TD.
Nope.
My ego insists that I inform you that I use/used Flash Dash. TD has used Flash Smash a few times and only recently used Dash after my frequent use.
Now if only I could find a way to collect royalties I would be set for life. :>)
To be honest, I don't think I was the first to use it on the Internet. But you're still gonna need to talk to my lawyer.
Google gives 52,500 hits for "Flash Dash." However, when removing non-market entries, it does appear you're the first to coin the term.
My mother will swoon with pride when I inform her over Sunday brunch that I was first in something other than the second grade "ugly" contest. :>)
Extra credit where justly deserved, CD!
Just wait until ya haveta rely on a public pretender Cog..
Lets make that "CD" then.
Now, Dasher! Now, Flasher!, Now Crasher, and Basher! On, Smasher! On Blaster! On, Hedger and Dredger!
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.
Yep. And as time goes on more and more of us are becoming a Miles...
We wouldn't go back now for any amount of money, or anything else
- The Miles Kendigs
THIS IS NOT THE FIRST TIME GROSS HAS BROKEN RANKS.
In September 2004, Gross wrote an instant classic in his Monthly Outlook about a topic that has had a big hand in our demise titled "Haute Con Job".
http://news.goldseek.com/GoldSeek/1096490222.php
Once the government started gaming the inflation numbers you inevitably end up with what we have now.
The govenment's view on inflation turned into a circular logic game. Afterall, if their is no inflation why look for it? And if you don't look for it you can't fight it.
You can't fight circular logic if the party promoting it won't think.
Have the states issue their own coin of their realm. All state and local taxes can be paid in that silver based coin.
The only peaceful revolution possible.
California will and might bring Oregon and Washington along. So will the southern states, who it is worth noting never did give up on the idea of secession.
Might not be actual coin initially. Some kind of permanent IOU voucher or debit system. But it will become coin quickly enough by force of expediency; they won't take your IOU voucher at the farmers' market.
http://www.spokesman.com/stories/2010/mar/24/idaho-silver-medallion-bill...
once that hundredth monkey has that "AHA!" moment, eh.
The ominous intonations and fustian rhetoric of this self serving falderol are the outward trappings of a life long insider in the criminal financial syndicate. He's presently trying to ease surreptitiously out the backdoor of the party because he happened to have been upstairs screwing the parlor maid and saw the approaching mob of townsfolk coming from town with firebrands to burn down the chateau. The "axe" he so portentously warns of is only coming down,not on the "oligarchs", but on the necks of the gullible and ever credulous American people who are being led down so many economic blind alleys and darkened corridors to the slaughter by the likes of Greenspan, Kashkari (both on the board of PIMCO) and Gross whom Krieger so eagerly and odiously sucketh up to like the craven sycophant he is. Go listen to some more Alex Jones and lather up Max Kaiser while you're at it and savor the fact that your name is just so much froth on the lips of morons.
Okay you made me get out the dictionary. That doesn't happen very often.
To your point; but aren't they all craven sycophants? The only ones that aren't (erm... Ron Paul? Rosey? Who else?) don't get much air time yet. So I don't see how we can avoid being subject to this sort of spew. Self serving yes, but interesting for all that.
Imagine Machiavelli and Hitler and Genghis Khan all in the same room. Each is brilliant, none of them are patsies, something to hate about all of them. But it would be an interesting exchange of ideas once you got them talking. And then of course you take them from the studio and shoot them out in the parking lot before they actually hurt someone. But that's not germane to the matter at hand.
spoken with just the right amount of eloquent disdain, Yardfarmer, and the recipients richly deserved of your words.
Reinstated our annual merit increase for all U.S. salaried and non-bargaining employees effective April 1, 2010.
Don Henley from his 1984 album Building the Perfect Beast
Let's go down to the Sunset Grill
We can watch the working girls go by Watch the "basket people" walk around and mumble And stare out at the auburn sky
There's an old man there from the Old World
To him, it's all the same Calls all his customers by name
Down at the Sunset Grill
Down at the Sunset Grill
Down at the Sunset Grill
Down at the Sunset Grill
You see a lot more meanness in the city It's the kind that ears you up inside
Hard to come away with anything that feels like dignity Hard to get home with any pride
These days a man makes you somethin' And you never see his face
But there is no hiding place
=============================
Yes we seen it coming souls at the price of my friends.
If you ever get a chance read Malachi Martin since I did and they never seen it coming... They had no ears.
TPTB have more command-and-control resources in place than at any time in our history. All the domestic surveillance and anti-terrorist laws that were passed under the Bush administration saw to that. Today Americans can be held in custody without trial, unlike before. Today the government can suspend the writ of Habeus Corpus. Surveillance is pervasive everywhere.
The power structure conserving the status quo is at an all time high.
That means two things: the chances of truly radical change are slim, but any meaningful opposition will truly be radical and forceful.
Hows all that tech workin out for them after 10 years in Afghanistan against a few thousand mountain boys in sandals?
http://www.youtube.com/watch?v=GD_DyoB4Cjs
The world that we used to know
People tell me it don't turn no more
The places we used to go
Familiar faces that ain't smilin' like before
The time of our time has come and gone
I fear we been waiting too long.
Oh, no, it is not too late, my friend.
Steely Dan is always an excellent choice.
Pain will be the great persuader for changing human behavior as always!! Ouch!! It's goon-a hurt like skull crushing anvils falling from the sky! Oh that we'd better guarded our vote for change than let the viper squids strangle out our freedom for security!! Now we the people have neither!!
http://www.youtube.com/watch?v=0bXSeheZLq8&feature=related
not that I am anybody ....
my thinking about all of this talk of revolt, resistance, revolution, tipping point, etc.
is that all of us, the ultrsa-rich and everyone else, have together built an immense pyramid.
the nature of it is the interconnectedness, global trade and communication, allowing the ones on top to extract from everyone below them.
And like the first Tower of Babel, our creation is tall enough that we threaten God,
or at least, the ones on top begin to think that they ARE Him,
and He does not like that very much,
and so the Tower (metaphysically speaking) is going to tip over,
crash to the ground, fall apart into little pieces.
The structure of world society is about to fall away.
Its not which system of government is the best, its just that everybody has created too much of it.
Peak oil is now behind us (along with peak iron, peak copper, peak gold, peak technology, peak medicine, etc etc.)
Once we (or Atlas?) shrugs, what happens is that a few people lose the skills, a few machines are lost,
and lo and behold the whole apparatus crumbles.
Each mine site or source of resources is so desperately dependnet on every other source working smoothly,
that once we slip, ever so slightly, every new resource becomes beyond our grasp,
and so we start to fall faster and faster,
until we go all the way back to the days of windmills, donkeys, and the sweat of our own backs, to get anything accomplished.
The bad part of that is that roughly 4 to 6 billion people will die prematurely because the means no longer exist to support them. the good news is that the people who have the farthest to fall, the most to lose, are the ones at the top.
For me, knowing what is going to happen to the Bill Grosses, the Bushes Dodds Franks, the Buffetts and Gates, that makes it all worthwhile ...
Don't engage in schadenfreude, it's like revenge.
You have nailed all but 1 thing: Peak Technology. But for our lifetimes, you are correct.
Rome is burning. Slowly at first, then all of a sudden.
I noticed Bill didn’t say exactly how he’s going to do that. Hard to say whether he really has a plan or is just selling into fear and frustration. Then again, if I were him and did have a plan, I wouldn’t tell anyone about it at this point either.
It’s romantic to think that Bill Gross has somehow seen the true light and has developed a revolutionary strategy to lead his followers to real salvation (in as little as one month no less). Unfortunately, it’s just as likely this letter is another example of feigned competition within the oligarchy that allows him and others like him to continue reaping huge government guaranteed rewards. PIMCO is, after all, still a member of the oligarchy. It’s going to take more than one letter from Bill before I believe that has changed.
hint: wealth and revolution are mutually exclusive.
I often ponder this question myself. If there's one quibble I bear for the ZH crowd, it's that I sense too much scorn is heaped upon the sheeple, and not enough credit is given to the whole US MSM phenomenon. It's the only thing they/we are really fed. The French, gawd bless 'em, have a viable free press, as do the British, etc. I ask, how do we know that there aren't disturbances here or that there haven't been? The fact is that we can't say for sure because the MSM is so pervasive & powerful. I think we need to bring Mr. Orwell into the room. It's possible, but damned difficult to turn off the telescreen. I think We The People are much closer to Orwell's 1984 wretches than many of us are aware of. Yes, some disent is making it thorough the corporate generated fog, but if it gets serious, I fear they would simply hold a surprise Super Bowl until the whole thing blew over and all the corpses were cleaned up.
In short, I'm not sure it's possible to hold a revolution in this environment. Simple chaos & mayhem are the most likely outcomes, it seems to me.
But to stick to your question, I think it's a crying shame that people don't know more about the original plan of the Founding Fathers, because I think they were really onto something beautiful. But I guess it's far too late in the day for that. Violence begets violence, so we'll end up with something really ugly of the left or right, and perhaps a shitty theocracy. Dunno. Wicked yet fascinating times.
http://www.youtube.com/watch?v=Il2cZJ8q_zk
Who was there? And who even heard about it?
Jefferson was replaced by Marx in the schoolbooks.
I understand what you are saying Ferrari, and agree that the European/British rhetoric has more depth, but - you are here, yes? and there's the internet available to anyone who questions the dross that passes for "information" in amrka. . . there is no excuse for not seeking deeper "truths" save laziness and fear. . .
still, I keep coming back to the "size" of amrka - in land mass, and population numbers. . . there cannot be a mirror of europe in a space so large and diverse as this nationstate, nor can there be a coordinated "revolution" as seen historically - this time it will go down differently, if at all.
Geography and demographics definitely put us in a very different position here, as I have been ruing for many years.
“A democracy is always temporary in nature: it simple cannot exist as a permanent form of government. A democracy will continue to exist up until the voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority will always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, (which is) always followed by a dictatorship.” From: Lord Woodhouselee, i.e. Alexander Fraser Tytler. Year - about 1790. Dr. John L. Faessel, ON THE MARKET Commentary and Insights Dr.Faessel@onthemar.com
I would say we a re looking at a Petraeus prefecture in 2012.
In Canada we vote for our dictator. Will the General be voted in?
Caesar Petraeus...kinda has a nice ring to it.
I'm kind of hoping for an Italian-style economy where 1/3 or so is underground/off-the-books, don't fight, rather just don't play. There's already a healthy underground economy out here in the passive-aggressive Pac NW USA, in the construction, "farm workers" (i.e. -- apple pickers), and other "industries". No fed tax witholding, no social security withholding, no labor&industry tax withholding, no workers' comp withholding, no records, no shirts, no shoes, no problem.
That world you describe is growing rapidly in the USA. Your hopes may come true. I know of local farmers who are accepting "volunteers" to help them in the fields, and then "gift" them food. This nobleman/serf relationship is voluntary... so far...
ponder this: you have acreage, you allow select folk to settle and farm the perimeter - they get their space to live, garden, you get outliers, people who can help protect the resources they all have a stake in (shelter, food). . .
beats sitting in your house polishing your weaponry, counting your ammo, waiting for the gangs to arrive. . .
pretty ponder you polish
Bill is a smart dude, he stayed away from bubble stocks.
Bill is trying to hedge, on that I agree.
But in the end people saying "Do as I say, don't do as I do" (or writing, respectively) will be flushed out together with the pure unhedged scamsters.
Gold and Silver sales may speed up the underground or black market environment. The introduction of the 1099 for all sales over $600 will be a huge turn off to the public and all size of businesses. Just wait for the "did you do any bartering?" line returning to the 1040.
I ate dinner and took out the garbage. Does that count as barter?
I think most people just don't want to be aware.
It's one thing to face grim reality when you're somewhat prepared; another thing altogether to face it whilst underwater on a mcmansion and entirely teathered to the status quo.
Tipping point? As far as responsibility to our children is concerned, we're well passed it. There's absolutely no realistic plan on the table from anyone to remove the shackles of unsustainable debt that's been wrapped around their necks. Most everyone here already knows why and how a horrific end is already baked into the country's economic cake. We just don't know when the cake will be served.
So, why don't we help provide a push? Let's set up a date for everyone to pull out their money from the mega-banks - Chase, BAC, C - all at once. TPTB are so dead set on propping them up, let's send a message and force a reckoning. Quit dicking around and rip that fucking band-aid off already...
I havent had any money in a big bank in a very long time. Used to have a Chase card many moons ago, but thats it. Certainly everyone should pull their funds from Wall St.
Do it on December 7th, 2010. This is already going to be happening in Europe, no reason why it can't happen in the States/Canada (RBC marking every stock to infinity in their "expert analyses" deserves some special retribution). Coincides with the anniversery of the bombing of Pearl Harbor too. Nothing like a bank run to stick a gigantic middle finger at the bastards that led us into that war.
Seriously, lets make December 7th our declaration. Nothing like hitting them the only place it could possibly hurt.
Tipping point? Okay permabears, but my emerging market mutual funds are doing pretty well.
and you think they'll be fine when the US crashes? Please .... nothing will be spared. It will be a re-run of september 2008. Sorry to break that news to you.
Markets are going to crash? Bernanke is talking about QE 2.0
“There are new lands, new men, new thoughts. Let us demand our own works and laws and worship.”
- Ralph Waldo Emerson, Nature
Yes indeed. If you're trying to say something poignant quoting someone else (twice, at that), for f*ck's sake spell it correctly.
Yeah yeah yeah, now that Gross and others like him have made their fortunes, and stashed them securely away from the carnage to follow, and having done no productive work in their lifetimes, they suddenly get religion...oh yeah they've been doing "God's work." What a crock!
I thought the market had been closed because the DOW is stuck at -20 today.
I agree with the complacency. It is a very small minority that has any interest in the problem until it comes home to roost on their doorstep. Educating in this society is like preaching to the choir. The only ones listening already know. We're all guessing what the future will look like. We are all hoping leaders will step forward who know how to lead and where to lead us. I want to believe that too. However, I visited Germany in the 90's and visited Dachau. I was dumbstruck by something you can only appreciate by actually visiting the site. It is beyond comprehension how so many people could have been corralled in such a small space, controlled by so few people, knowing they were going to be killed and still took no action. I stood and viewed the site for the longest time wondering over and over again why the enslaved simply didn't rush their captors. Their numbers were overwhelming. The heros on Flight 93 are vastly outnumbered by the victims in this world. I see our society more in terms of the interred at Dachau than the heros on Flight 93. I pray I am wrong.
Praise God! you're wrong.
+1. The American populace has purchased more guns and ammuntion in the last 2 years than any standing army on earth. I am not saying there will be armed revolution, but this does not look like silently getting into the cattle car to me.
Hope makes for truly strange bedfellows! May the union be gratifying nonetheless.
As long as the populace has bread a circuses, or the millenium version, which is food stamps and porn, imho there will be no revolution, just a slow decline.
+10
Football on TV + Food in Grocery Store + Gas at Pump = NO REVOLUTION
So one more internet warrior bites the dust . . .
Also, there isn't enough uranium to fuel all those nuclear power plants everyone wants to build (but NIMBY)..
Okay Doc, how about each of the 699 domestic military bases houses a thorium based reactor? We have plenty of thorium.
B9K9 is so right.
Entropy is a beast - it's requires tremendous degrees of organizational energy to keep it at bay. The hounds have been released.
ha.true as hell
like B9K9 said, you all know your going to die.No news there , so man up and get some nuts as BA Baracus would say.
Things could all be nice and carry on nice for ever and you ll die a boring semi-predictable death.Probably some nasty cancer or senile dimenture which wont be nice.OR , more probably things will go ape shit over the next few years and you ll have a much quicker exit at the hands of some mob as you try and defend your last tin of beans.
Carrying on the Floydian theme.Some words from Roger Waters:
We watched the tragedy unfold
We did as we were told
We bought and sold
It was the greatest show on earth
But then it was over
We oohed and aahed
We drove our raceing cars
We ate our last few jars of caviar
And somewhere out there in the stars
A keen-eyed look-out
Spied a flickering light
Our last hurrah
And when they found our shadows
Grouped 'round the TV sets
They ran down every lead
They repeated every test
They checked out all the data on their lists
And then the alien anthropologists
Admited they were still perplexed
But on eliminating every other reason
For our sad demise
They logged the only explanation left
This species has amused itself to death.
so people... the comming show is inevitable, so you either find a way to enjoy it or you ll go through it in misery.
Regards
Ozzy
This is all you need to see:
http://www.youtube.com/user/stefbot#p/u/13/5AFdekkWyKQ
It's funny to read about how so and so is all ready and prepared for "the collapse", as if the coming challenges will present themselves in a line single-file, to be dispached by use of a single bullet or coin. The reality will be more along the lines of a big, slow-motion earthquake, assholes and elbows, and the survivors will be standing in the street glad to be wearing the clothes on their back.
i do not share mike's optimism regarding gross....it will take more than one data point to convince me that the oligarchs and vampire squids appetites' for blood have lessened....
in any event gross strikes me as a quisling trying to place bets at both ends of the spread - as you do when you are trying to figure out which way the winds are blowing....
i do appreciate gross uttering heresy and calling crap on crap but he will only convince me of his good credentials when he leads the way in dismantling the phantasmagora of the plutocracy.
who the fuck gave an elite cabal thieves the right to front run tax payers and other investors? or to earn free money because of insider news that qe2 is at hand?....participation in this fraud will only deepen the graves into which we have already been laid. see antal fekete on the sorrows of the bond game and pomo.
Spoke with a gentleman who just returned from Venezuela. He told me all the expected horror stories of Chavez's Venezuela, including that a bank to whom he owes money and with whom he has deposits now refuses him access to his deposits while insisting that he continue paying his loan (which is secured by family real estate). I asked him what locals do to deal with the hyperinflation (preparing for our own). He said they immediately buy dollars, as the saying goes there is no dollar to expensive in Venezuela. Imagine the global chaos as the USD goes the way of the Bolivar?
Good evening ZHer's
Let's go back to 2005 and review a chart that has been removed from the main search engines.. cough Google 404 error. Look link up yourself.
http://nord.twu.net/acl/chart.gif
So one has to reside by providing the hidden information thru an archived link.
Chart Big Mother's Game Plan: Checkmate
http://web.archive.org/web/20051103221544/http://nord.twu.net/acl/chart.gif
This administration has employed all the tools prescribed by their agenda.
http://webcache.googleusercontent.com/search?q=cache:g5WFE4HMneUJ:nord.twu.net/acl/research.html+big+mothers+game+plan+checkmate&cd=1&hl=en&ct=clnk&gl=us
Continued in second post.
hey atom, dig the yurt links on the bottom of the page...good lookin out.
http://www.instructables.com/id/GerTee-Portable-tent-home-made-of-recycl...
Do you guys honestly beleive the oligarchs will go out without a fight? They will unleash a shit storm like no tomorrow on thos ewho threaten their power. You can bet your sweet asss sisters and brothers that the military is fully aware and on guard to unleash the mother of all civilian irradication programs possible,
You call civil war - I call it classocide. Where anyone below a certain class will be zombified testing material to wipe out the rest of peons and pablum pukers.This will not end well nor will it be bloodless.
Guns, gold, Grub, Bitchez -
Bitchez
oh and kehuck to all those oligarchs looking for a scrap. I'm gonna wipe me arse with yas
Right out of a spaghetti western it'll be. Good against evil, mano e mano fight to the nutron death I say.
Second post:
If your confused about all the noise you hear & fail to grasp at the obvious transitional phase. Please review and glance to the right hand side for other educational installments.
Marxist Economics
http://www.allaboutworldview.org/marxist-economics-video.htm
Get busy by educating others. Use your social networking tools. I guarantee another engineered big event for Government to move their agenda forward. Become a educated serf by catching them committing treason.
da boyz can cry wolf only so many times before everyone calls their bluff.
Bill knows his Bonds are next to get hit by the Bubble machine, and he wants to say, "See, I told you so, it wasn't me"
http://jalopnik.com/5675536/yes-thats-a-bear-chasing-a-half+mauled-bison...
this is my recent relocation poem
"Life on the Plains"
prices are going up
the j__ws are getting tough
there's blood on the Plains
its called the oil cocaign
the bitchez are pretty sweet
at least the ones you'd want to meet
there's blood on the Plains
it's called the oil cocaign
if greed were a crime
there'd be a lot of people doing time
there's blood on the Plains
it's called the oil cocaign
gonna get me some money
and maybee a jar full o honey
i'm living on the plains
for the oil cocaign
I believe yoru right, he is hedging himself. He knows that the whole system he's been working for and profiting from for decades is about to fall in and when it does people will be looking for revenge. This can also be used as evidence so he can point and say "see I wrote this and did that in order to fight against the corruption". For him to say what he did and now tells me that the game is close to coming to an end. And with the Fed not saying how much QE2 they are putting out to buy treasuries, has him spooked that when the amount is broadcasted it will seize the bond market and the world markets.
The Tipping Point was back in April when Richard Russell said....
" Look - out , get out of Stocks , and other Paper Assets.."
Jim Sinclair ( jsmineset.com ) is right on too.
Jim says >>> " The US Dollar is Dog Food "
Golden Jackass . com has info worth reading ....
>>>> Silver >>> $ 600 . an oz. a gift from the FED...
It's time that the people stopped buying/viewing the main stream media. And come to real time, truthfull sites like zero hedge, shadowstats, marketticker etc.
The WShitJ, Bloombust, ABC to Z, CON News , Fix News, etc, should go bust with only their owners/shareholders as their readers/viewers.
Gold bitchez!
web bot says nov 8th - - 11th a big event will happen..
wait and see....
As long as the tea-baggers are stomping liberal ladies heads into pavement (who was correct in asserting teabaggers.rand too, are funded by rich corporate oligarchs)... this divide and conquer strategy that the oligarchs are buying out of the duped baggers will likely provide enough diversion for them to escape.
These bagging libertarians need to get their head out of the sand... it ain't the po liberal who is particularly wrong or the problem. It's the criminal rich... and the war criminals too.
The Tea Party in a nutshell: http://i43.tinypic.com/o6ftax.jpg
Typical.. Instead of understanding the background, smear. You have learned well young smearwalker..
If you are considering building a new home to "defend", may i offer a suggestion to consider:
http://www.designbasics.com/Altcon/insulated_concrete_forms.asp
They say it costs about 10% more, and that may be possible in some areas. In 2005 bids i received were about 60-90% more.
Nothing's going to change. People are comfortable watching American Idol or various fancy pants dancing shows on TV. The fleecing and corruption will continue until morale improves.
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/103010...
Tea party will be calling shots not the GOP..............
Change,BIG change is on the way, in the GOP.
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Im gonna stick what I can't remove from the system into gold stocks. like this
http://goldengrowth.blogspot.com/2011/01/stock-magellan-minerals-ltd.html
Small but good chance of growth. Operating in a historic place for gold
http://www.travelsradiate.com/south-america/federative-republic-of-brazi...
A punt is a punt unless its more than a punt...
Safe..
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