Guest Post: US Household Net Worth Plunges

Tyler Durden's picture

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Xedus129's picture

I doubt they will really "cut back"  I'm still betting on "Printgate" 2010-2012

Implicit simplicit's picture

Whats the old saying' "Watch what politicians do, not what they say"; often very diferent

Xedus129's picture

Yeah, just like the "Contract with America" circa 1994

ColonelCooper's picture

Care to elaborate on that statement, Genius?   Let me help you out with a simple Wiki link you may want to read before you respond:

 http://en.wikipedia.org/wiki/Contract_with_America

 

No junk from me by the way.

DarkAgeAhead's picture

Ah but junked nonetheless.

Not by me either by the way, which ensures I shall too be junked.

RockyRacoon's picture

Try to stay on topic, Turd. 

I just love calling someone "Turd" and it's ok!

Hephasteus's picture

LOL. I always want to call him Mr. Ferguson. I read his posts but don't respond to them much.

Not For Reuse's picture

the ONLY part of CWA worth a fucking red cent was term limits; wiki me that

sethstorm's picture

You mean Contract on America.

fxrxexexdxoxmx's picture

Obama hated his mother because she could not live up to the purity of the Koran.

RockyRacoon's picture

Has anyone ever called you an imbecile?  Just wondering.

BlackChicken's picture

WTF does this have to do with the article, not to mention the comments above?

I agree w/Rocky; we need a thumb up/down button.  Christmas season probably started already this year, how about it Tyler?

colorfulbliss's picture

Perhaps one day in the future (hopefully not too distant), Jesus will return and take away his chosen ones back to his holy kingdom. Hopefully Mohammed Buddha Shiva et.al. ad nauseam will follow suit or even precede the One Of Miraculous Birth. And then maybe Gaia can swallow up a load of Her followers in some great cataclysm. By this time the great contrived debate between the liberals and conservatives will finally quiet down. Then, and only then, will those of us with more than five functioning brain cells get some fucking peace and quiet and rational discourse!

RockyRacoon's picture

We definitely need a THUMBS UP button.

old_turk's picture

+1!

<sardonic commentary/>

 

weinerdog43's picture

The great and powerful Ba'al will smite thee for thy blasphemous statements! 

The Rock's picture

What??  You mean my ever-increasing collection of Designed-in-California-but-made-in-a-sweat-shop-in-China gadgets doesn't count as net worth?

Dixie Normous's picture

Very funny and so sadly true. 

The Rock's picture

D'OH!  dupe...

Steve Dallas's picture

"...our current system of fraud and theft..." You know, the thing about these Malthusian economic collapse posts is that none ever seem to address the fact that the perpetrators of this grand con against us righteous regular folks will probably have ALL the gold when everything falls apart. So, basically, I'm anticipating a future life of toil in Bartertown run by Lloyd Blankfein (dressed like Tina Turner, ofc) with a Geithner-Bernanke version of Master-Blaster doing the strong arming.

Xedus129's picture

2 men enter, 1 man leaves!

hedgeless_horseman's picture

Pray it's not the lawyer that leaves.  I like small nosed sorority girls as much as the next guy, Steve, but fuck you all the same.

Kayman's picture

If you're planning to work near Lloyd it is best to get a Swiss or Israeli passport. Just like the Saudis on 9/11 these criminals long ago had their exits planned.

realitybiter's picture

In a perfect world, one would be able to demonstrate to the likes of Blankenstein just exactly what "God's Work" looks like.  I like the mob-movie term "wet work".  Seriously.  Once the dots get connected, how long before some nut with some "skills" does something completely uncivilized?  

Implicit simplicit's picture

Thanks MS. I like the title-Fascists Soup. It's alphabet fascists soup with letters like cds, siv, repo, bonds etc... Bankers and gov. have a special elitist taste gland that allows them to eat as much as they want, get sick, puke and shit, and then everyone else has to clean it up.

TheMonetaryRed's picture

 ...the existing money stock we had prior to the abolition of the gold system back in the 1960s....is the existing stock of money that is not based on debt

Really. 

Not according to Milton Friedman, but okay. It's a theory, anyway.

 

http://www.nber.org/books/caga65-1

 

 

kathy.chamberlin@gmail.com's picture

now your woman is sitting in/on what?

kathy.chamberlin@gmail.com's picture

yeah, velo dressed up in kathy's sheep clothing. how did this happen?

tomdub_1024's picture

I knew it was you  (velobabe) all along, no one can fake diction...its like a fingerprint...:)

tomdub_1024's picture

add an "at hotmail dot com" to my name and, just friends...always open to new friends

StychoKiller's picture

Find a church you're comfortable with and attend their functions, such as singles groups...

tomdub_1024's picture

agreed...

churches = made by man

spirituality = made by ???

mynhair's picture

This sux.  Goobermint forced me into 1031s I can't get out of.

Sqworl's picture

Just wait till Inside Job premiers and shows the sheeple just wtf is going on!!!

mynhair's picture

Sheeple can't read the UE Welfare Report; that's what Erin is for, or LIESman.

Implicit simplicit's picture

I haven't been to the movies in over two years, but I think I'd like to see that one.

boomer's picture

I wonder what is really going on?  The lovely folks who run this charade are either idiots or crooks.  When every Joe and Jane Sixpack in this country knows whats wrong how is it that this government doesn't.  They do, they have to, its just inconceivable that they don't, so with that said, what are they really trying to accomplish.  If they blow up the currency and the country along with it, aren't they shooting themselves in the foot.  They'll be destitute at best or blown away by the riots that are sure to commence.  They don't win if this scenario unfolds.  They will be hunted down and shot or hung.   So whats the game?  Their up to something that nobody has put their finger on yet.  One thing you can bet on is this is not all stupidity and there is something else cooking, and when its all said and done this ruling class will not have destroyed the world, just made it a  little bit more unbearable and enriched themselves immensely.

Kayman's picture

As I said above Lloyd and the boys already have the escape route bought and paid for. They ain't sticking around.  All the bonuses are going into gold and foreign assets while the USD still has some purchasing power.

Does anyone really think the IRS disclosed all Swiss (and other foreign) bank accounts ? Are you telling me that NOT ONE American politician had a bulging Swiss bank account?

Cruel Aid's picture

Pretty sure Lloyd can weather some local hyperinflation. I know how to live off the land like a Mother....er.

I prefer doing it part time.

HarryWanger's picture

Well, "Joe and Jane Sixpack" don't really know "what's wrong". You ask them, they'll say we need more jobs. Great. From where? Do they want to work for $10/hr. picking produce, working on the assembly line, etc.? No, they don't.

That's the real problem now. We've priced ourselves out of the competition. Until everyone realizes you can't pay $150,000.00 for someone to write press releases for a Fortune 500 company and pay the farm guys $20,000.00 it ain't gonna work.

Until then, kick it further down the road until sometime, somewhere, somebody will realize they can't spend all day watching reality tv bitching about not having a job when others are doing the jobs they don't want.