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How Ben Bernanke Sentenced The Poorest 20% Of The Population To A Cold, Hungry Winter

Tyler Durden's picture





 

The following chart prepared recently by JPMorgan demonstrates something rather scary, and makes it all too clear how the Chairman's plan to "assist" the US population via some imaginary "wealth effect" due to QE2, is about to backfire. As is now becoming very evident, the prices of energy and food products are about to surge, and in many cases have already done so, but courtesy of some clever gimmicks (Wal Mart selling what was formerly 39 oz of coffee as a 33.9 oz product for example) the end consumers haven't quite felt it yet. They will soon. There is a limit to how much every commodity can open limit up before it appears on the SKU price at one's local grocer. And while a marginally declining "core CPI" is irrelevant for this exercise as it measures only items that are completely outside of the scope of everyday life, what will be far more important to end consumers will be the push higher in food and energy costs. The problem, however, is that for the lowest 20% of Americans, as per the BLS, food and energy purchases represent over 50% of their after-tax income (a number which drops to 10% for the wealthiest twenty percentile). In other words should rampant liquidity end up pushing food and energy prices to double (something that is a distinct possibility currently), Ben Bernanke may have very well sentenced about 60 million Americans to a hungry and very cold winter, let alone having any resources to buy trinkets with the imaginary wealth effect which for over 80% of the US population will never come.

Here is how JPM explains the phenomenon:

When the Fed considers the possible consequences of a falling dollar resulting from QE2, it should perhaps focus on food and energy prices as much as on traditionally computed core inflation.  First, the food/energy exposures of the lower 2 income quintiles are quite high (see chart).  Second, the core  CPI has a massive weight to “owner’s equivalent rent”, which suggests that the imputed cost of home occupancy has gone down.  Unfortunately, this is not true for families living in homes that are underwater, and cannot move to take advantage of it (unless they choose to default and bear the consequences of doing so).   Due to the housing mess, there has perhaps never been a time when traditionally computed core inflation as a way of measuring changes in the cost of things means less than it does right now.

Since nothing else appears to have jarred America from its prime time TV/iPad hypnosis yet, perhaps this is for the best, and a few hungry months in subzero temperatures is precisely what several tens of millions of Americans need to finally march on Constitution avenue.

 

 


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Fri, 11/05/2010 - 17:42 | Link to Comment slaughterer
slaughterer's picture

Food and heat, Bitchez!

Fri, 11/05/2010 - 17:47 | Link to Comment frankTHE COIN
frankTHE COIN's picture

Unintended Consequences Wenches!

Fri, 11/05/2010 - 17:53 | Link to Comment Careless Whisper
Careless Whisper's picture

$5/gallon gas, peasants

Fri, 11/05/2010 - 17:56 | Link to Comment infotechsailor
infotechsailor's picture

heres a walmart trick for you:

start selling U.S. Gasoline by the Litre

Fri, 11/05/2010 - 17:58 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Hey, they already did that with booze years ago.  Enough is enough dammit! :)

Fri, 11/05/2010 - 18:07 | Link to Comment Ratscam
Ratscam's picture

the higher the price of gas, the more parking around in the city!

Feeling a bit sorry for the uneducated who are not reading ZH and act accordingly.

Sat, 11/06/2010 - 16:55 | Link to Comment rocker
rocker's picture

Even if they read ZH. The poor will not have the ability to act accordingly. Like a Deer in headlights. Ouch.

Fri, 11/05/2010 - 18:07 | Link to Comment cossack55
cossack55's picture

Ah, a man with his priorities in proper order. Well done, Sir.

Fri, 11/05/2010 - 19:00 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

watch when all the white yuppies favorite water beverage goes up 100%, or taxed for green environment issues. i wonder if this latest water buying craze will end. consumption of plastic water products just ridiculous in this country. wonder how much profit these corporations make. the water in glass containers cost more because they weigh more in shipping costs. i am very confused how BIG drinking water in containers got.

Fri, 11/05/2010 - 19:05 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

But lovey, the market is up, and what shall I mix with my scotch?  Surely not tap water...By the way, turn the air conditioner on.  Fresh air is for poor people....

Fri, 11/05/2010 - 20:01 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

your a funny cheesy bastard. i guess i just want a bastard in my life, maybe you will do. but for sure cheese gives most folks gas.

Fri, 11/05/2010 - 20:16 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

I am just the guy who sorta reminds you of the guy you really want, and you are on the rebound.  Bas-tard, though, was brilliant, and I love a chick who plucks the low hanging fruit...

Fri, 11/05/2010 - 22:27 | Link to Comment Janice
Janice's picture

Enquiring minds want to know.  Is there something that we don't know?  Is there something that you don't know?   Or something that we know that we think no one knows?  Or something that you think that you know that we don't know?  Or something that we all know?     : )

 

Sat, 11/06/2010 - 09:10 | Link to Comment High Plains Drifter
High Plains Drifter's picture

There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.

Donald Rumsfeld

Sat, 11/06/2010 - 12:58 | Link to Comment TBT or not TBT
TBT or not TBT's picture

That's Saint Rumsfeld, bub.

Sat, 11/06/2010 - 13:34 | Link to Comment Uncle Remus
Uncle Remus's picture

Hell has sainthood now?

Sat, 11/06/2010 - 18:03 | Link to Comment Conrad Murray
Sat, 11/06/2010 - 21:07 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

:)

Sat, 11/06/2010 - 20:19 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

touché bastard

i thought

Bas-tard was a good one as well.

i thought i loved him.

Sat, 11/06/2010 - 21:06 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

You are a very sweet girl.  Now go sign up for that home defense shotgun course! :)

Sat, 11/06/2010 - 10:53 | Link to Comment A_MacLaren
A_MacLaren's picture

Mixing or diluting your Scotch whisky is an outrage. 

Drink it neat, or don't drink it all.

 

Sat, 11/06/2010 - 13:35 | Link to Comment Uncle Remus
Uncle Remus's picture

Damn fundamentalists.

Sat, 11/06/2010 - 21:11 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Sigh. I suppose he has a point.  You don't need to dirty up a glass that way.

Sat, 11/06/2010 - 11:28 | Link to Comment Gully Foyle
Gully Foyle's picture

kathy.chamberli...

Hey now my little moppet let me you in on some news.

My theory is every now and then tv tests, or maybe insiders actually slip out the plan. Anyway the Kiwi's ran this nifty little show called This is not my life.

One of the minor mentions slipped in was the Carbon credit instead of money idea. See all god's chillun had Carbon credits for food, travel, utilities so on. If you went beyond your monthly allowance you could but more. If you could afford them.

Then I stumbled on this

http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/commen...

The plan - and, no, I’m not joking - is to put Norfolk Islanders on rations to fight both global warming and obesity.

Funded by the Australian Research Council, and approved by the Socialist Left Science Minister Kim Carr, researchers from the Southern Cross University will give each volunteer on the island a “carbon card”.

Every time they buy petrol, electricity or an air flight, they will have “carbon units” deducted from the fixed allowance on their card.

More units will be lost each time they buy fatty foods, or produce flown in from a long way away.

If, at the end of each year or so, they have carbon units left over, they can sell them. If they’ve blown their allocation, they must buy more.

But each year, the number of carbon units in this market will be cut, causing their price to soar - and thus the price of extra food, power and petrol to rise - because the idea is to cut greenhouse gases and make Norfolk Islanders trim, taut and terrifically moral.

 

 

 

Sat, 11/06/2010 - 12:27 | Link to Comment Sean7k
Sean7k's picture

You can't call it science until you've run the appropriate trials and gathered data. There are trials going on all around us, in an effort to keep it objective, they don't tell the subjects. Scary huh?

If you want it all to end, stop playing the game. Use banks as a last resort. Trade in silver and gold. Stop voting. Turn off your TV. Turn off your compute

Sat, 11/06/2010 - 13:04 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Gully,

Carbon Credits are actually THE sure fire investments for this time. They will be a part of any upcoming basket because it is a trading protocol that has been universally agreed to and is monitored by a UN committee.

Fait accompli. I'm off to research by CC calls. Any one have sources, ideas?

ORI

http://aadivaahan.wordpress.com

Sat, 11/06/2010 - 19:33 | Link to Comment OutLookingIn
OutLookingIn's picture

kathy, Barrel of oil (42 US gallons) or 158.9873 litres = $84.00

Aquafina Water 1 litre bottle = $1.69

Therefore a barrel of drinking water is valued at $268.68

Belief that capitalism will solve lifes problems? Priceless! 

Fri, 11/05/2010 - 22:26 | Link to Comment Problem Is
Problem Is's picture

"Hey, they already did that with booze years ago. "

Bathtub booze and home made beer, bitchez...

Sat, 11/06/2010 - 11:02 | Link to Comment DaveyJones
DaveyJones's picture

exactly, it will become currency

Sat, 11/06/2010 - 19:04 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Carboys and airlocks....bitchez!

Fri, 11/05/2010 - 18:49 | Link to Comment claycalhoun
claycalhoun's picture

Think yourselves lucky, we in the UK are already paying $usd9.00 per  imperial gallon (= $usd 7.60 per us gallon)

Goes up on jan 1 / 2011 with increase in VAT by 2.5%

Fri, 11/05/2010 - 18:59 | Link to Comment dark pools of soros
dark pools of soros's picture

well that should tell you that you are buying the wrong gallons you non-imperialist!

go beg for your peasant gallons!

Sat, 11/06/2010 - 21:36 | Link to Comment Conrad Murray
Conrad Murray's picture

That made my day.

Fri, 11/05/2010 - 19:01 | Link to Comment Cojones
Cojones's picture

$8 per Gallon here in the Netherlands.

Fri, 11/05/2010 - 19:14 | Link to Comment fudstampz
fudstampz's picture

Does $8.00 gas and free healthcare beat $3.00 gas and capitalist style healthcare?

Fri, 11/05/2010 - 22:39 | Link to Comment BigJim
BigJim's picture

Depends on how much you drive, and how much you're ill

Sat, 11/06/2010 - 11:06 | Link to Comment DaveyJones
DaveyJones's picture

what if you drive someone else ill? 

Sat, 11/06/2010 - 01:20 | Link to Comment Indrid Cold
Indrid Cold's picture

"free healthcare" ain't free.  You know who pays.  It all comes out of the consumers' pockets one way or another.

See: TANSTAAFL

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

 

Sat, 11/06/2010 - 11:31 | Link to Comment Gully Foyle
Gully Foyle's picture

Indrid Cold

Heinlein was the man.

A society that gets rid of all its troublemakers goes downhill.
Robert A. Heinlein

Sat, 11/06/2010 - 20:25 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

i am a troublemaker. i go downhill,

S L I D E , cheeks

Sat, 11/06/2010 - 12:24 | Link to Comment tmosley
tmosley's picture

Where do you live that you are getting "capitalist style" healthcare?

http://blog.mises.org/12495/100-years-of-us-medical-fascism/

Sat, 11/06/2010 - 13:38 | Link to Comment Uncle Remus
Uncle Remus's picture

Macht nichts. Different sides of the subsidy coin.

Sat, 11/06/2010 - 11:04 | Link to Comment DaveyJones
DaveyJones's picture

so THAT'S why your cars are so much smaller. I thought it was our egos

Sat, 11/06/2010 - 20:32 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

davey, i have a small gas station at the corner of pine and folsom. two pumps. owned by chinese couple, that work on Volvo's. they are the best. drive in old school style, hand them two twentys, pump up and off for a couple of months or more. my friend Nate uses this same station. i swear gas stations in america have gone apeshit CORPORTE. what an unbearable experience to use the gas stations lining america anymore. breathe of fresh air finding a user friendly gas pump it yourself with some dignity. honest, i bet a lot here haven't had the luxury of this type of gas pumping experience. i have only put two thousand miles on my audios in a years time. as Nate told me he feels sorry for his friends that drive a F150 light truck that has to fill up twice a week. i feel sorry for you if you have to buy gasoline.

Sat, 11/06/2010 - 10:33 | Link to Comment 101 years and c...
101 years and counting's picture

I thought about that as well, but, when you're still done filling up, the fiat amount still doesn't change ($30...then $40...then $50, etc).  However, if you can pay in gold or silver, gas prices have been going down.

Fri, 11/05/2010 - 20:38 | Link to Comment chinaguy
chinaguy's picture

Yes, the IBs & The HF's will take their new ZIRP funny money & send oil back to $150/barrel ...shit, cretins could figure that one out.....but NOT the FOMC

Sat, 11/06/2010 - 21:20 | Link to Comment Mako
Mako's picture

Tyle has become king of the idiot Lemmings.  Tyler is running like the rest... blaming everyone but himself... I bet even now he is searching for yield on his investments without actually doing any work what so ever.  Tyler just curious, you point your finger but please tell us what your job is, what real job do you have? 

Tyler you are searching for yield just like the rest of the stupid Lemmings but you can't find it... so you blame everyone but yourself.

Fri, 11/05/2010 - 19:30 | Link to Comment Shocker
Shocker's picture

I really feel bad for the little guy that is going to pay for all this mess that is going on. Its bad enough people that are struggling, but then add on the people that are jobless. Suck situation, and people need to wake up. I see the list daily and its amazing to say the least.

http://www.dailyjobcuts.com

Fri, 11/05/2010 - 20:03 | Link to Comment mogul rider
mogul rider's picture

I fell even worse for the poor b@stard or bitchez making over 100K.

You can be fully assured that anyone making that much will be broke by next year. Obama wants your sorry ass.

 

To hell with the little people - let them eat cake.

 

Signed mogul rider antoinette

Sat, 11/06/2010 - 13:40 | Link to Comment Uncle Remus
Uncle Remus's picture

Frozen twinkies bitchez

Sat, 11/06/2010 - 17:41 | Link to Comment goldsaver
goldsaver's picture

There's a box of Twinkies in that grocery store. Not just any box of Twinkies, the last box of Twinkies that anyone will enjoy in the whole universe. Believe it or not, Twinkies have an expiration date. Some day very soon, life's little Twinkie gauge is gonna go... empty.

Fri, 11/05/2010 - 20:18 | Link to Comment Winston Smith 2009
Winston Smith 2009's picture

"Suck situation, and people need to wake up."

They just did. They voted the Dems out and put Reps in. Gosh, that'll fix things, right?

What we need are more "change the change you can't believe in" elections. Then, two years later, "change the non-change" like lemmings running back and forth between two cliffs.

Too often, voters are just apes with car keys.

Fri, 11/05/2010 - 20:39 | Link to Comment samsara
samsara's picture

Quigley was Bill Clinton's mentor.  Carroll had an eye into the elites. 

Carroll Quiqley on the Two Party System

  "The argument that the two parties should represent opposed ideals and policies, one perhaps of the Right, and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can 'throw the rascals out' at any election without leading to any profound or extensive shifts in policy... But either party in office becomes in time corrupt, tired, unenterprising, and vigorless. Then it should be possible to replace it, every four years if necessary, by the other party, which will be none of these things but will still pursue, with new vigor, approximately the same policies". -- Carroll Quigley, "Tragedy and Hope", 1966, p. 1247-48
Sat, 11/06/2010 - 00:32 | Link to Comment i-dog
i-dog's picture

"voters are just apes with car keys"

+10. Classic!!

Sat, 11/06/2010 - 06:05 | Link to Comment TBT or not TBT
TBT or not TBT's picture

California's got it figured out then!  They kept their Dems, and look at those state finances they're itching to pass on to taxpayers nationwide, and treasury bond holders worldwide.   Talk loudly and carry a big printing press, isn't that what Eisenhower recommended?

Sat, 11/06/2010 - 11:09 | Link to Comment Ricky Bobby
Ricky Bobby's picture

+10

Sat, 11/06/2010 - 16:59 | Link to Comment carbonmutant
carbonmutant's picture

Brown has plans for Google.

Sat, 11/06/2010 - 06:38 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

You can choose your Master, but you can't choose to not be a slave.

- Stefan Molyneux

Sat, 11/06/2010 - 17:57 | Link to Comment Nat Turner
Nat Turner's picture

I didn't choose JP Morgan, and no one asked me to choose anything. It's time to burn down the House of Morgan.

Sat, 11/06/2010 - 20:38 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

House of Morgan absolutely needs to burn down and i believe it will.

HOPEy

Fri, 11/05/2010 - 20:00 | Link to Comment Fraud-Esq
Fraud-Esq's picture

How strong is the causation between a stimulus of this size and food/energy price inflation? I understand and sympathize with the argument for the bottom 20%, but I'm wondering how certain this correlation is. 

Can you argue their situation would be better minus QE2? How much better? Better enough to be worth the risk of deflation and perhaps more unemployment? 

The original sin was 99-08 and 08 bailout. That jammed the bottom 20% and most. Doesn't QE2 offer some benefits to debtors they wouldn't otherwise have following the 08 bailout? Can't it be considered some debtor relief, and hence the broadside attacks on the Fed from it's prior allies, the recipients of the bailout? Could it be they have turned on the Fed because the Fed is attempting to bail out another constituency?

Just my thoughts....attempting to unravel these sudden bedfellows and anti-Fed voices. I was against the Fed when they were for the Fed. Now, I'm reconsidering, as they've turned against the Fed.   

Sat, 11/06/2010 - 05:20 | Link to Comment cossack55
cossack55's picture

I guess they are better off if one thinks slavery is kinda cool.

Sat, 11/06/2010 - 08:27 | Link to Comment ebworthen
ebworthen's picture

Read the lables on the shelves in the grocery store; the EBT (Food Stamp Credit Card) will pay for almost anything.

The real sufferers are those making median wage trying to not take handouts and live someplace they or their kids won't get mugged/raped and/or shot.

Check the price of Bacon, Coffee, Milk, Toilet Paper.

No Middle Class is a path to collapse.

Wall Street and Washington better keep the bread and circuses going.

And Mr. Durden, the American people may march on Washington but only in warm weather  ;-)

Sat, 11/06/2010 - 20:39 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

fair weather marchers, america.

Sat, 11/06/2010 - 09:38 | Link to Comment OldTrooper
OldTrooper's picture

The original sin was 99-08 and 08 bailout.

Hmmm, I'd say the 'original sin' was the creation of the Fed in the first place.  Or was the 'original sin' the abandonment of the Articles of Confederation?

In any event, regardless of the actual correlation of QE to inflation/deflation, the Feds meddling in the economy will fall far short of an optimal outcome simply because this will create large-scale malinvestment somewhere.  The really compelling reasons to be against the Fed do not depend on whether the economy is up or down.

I fail to see how the Fed buying stocks, bonds or anything else is going to be some kind of 'debtor relief'.  It seems more likely that propping up the zombie-bank-economy will actually prevent liquidation of otherwise insolvent creditors, keeping the debts on their books at an inflated value.

Sat, 11/06/2010 - 15:42 | Link to Comment cossack55
cossack55's picture

From one old grunt to another, you are right on concerning the A of C.

Fri, 11/05/2010 - 20:14 | Link to Comment mogul rider
mogul rider's picture

Inflation in things you need and deflation in things you want.

 

Has a nice ring to it - don't ya think

Sat, 11/06/2010 - 06:54 | Link to Comment squid_pro_quo
squid_pro_quo's picture

yeah, biflation. Or is it buyflation?

Really it's more accurately defined by "shifting priorities effecting price".

Sat, 11/06/2010 - 15:50 | Link to Comment Red Neck Repugnicant
Red Neck Repugnicant's picture

Inflation in things you need and deflation in things you want.

 

Not true. 

Tell me how much a room at the Wynn or Bellagio costs these days.

Tell me how much a business class fare to Hong Kong costs these days.

Tell me how little the rebates are on BMW's these days.

Tell me how packed the $400/dinners are at the restaurants in San Diego these days.

These are all discretionary costs and they are as high as they've ever been. 

Inflation on the rich to balance the loss of revenue from the middle class.  

 

Sat, 11/06/2010 - 18:07 | Link to Comment goldsaver
goldsaver's picture

Inflation on the rich to balance the loss of revenue from the middle class

That statement would only be true if QE2 was used to replace all payroll and capital gains taxes on all those making under $1m a year. QE is targeted at propping up zombie banks and paper assets that the mega rich own to allow them to get out of fiat and into physical assets before the collapse.

Sat, 11/06/2010 - 19:21 | Link to Comment Red Neck Repugnicant
Red Neck Repugnicant's picture

If you go to GeneralMills.com, you might want to click on employment opportunities.  I had heard they are looking for a new mascot to star in the Cuckoo for Cocoa Puffs commercial.

To say that QE2 is a deliberate effort to allow the rich to get out of fiat and into physical assets before the collapse is utterly retarded.    

Sat, 11/06/2010 - 10:33 | Link to Comment boooyaaaah
Fri, 11/05/2010 - 17:49 | Link to Comment Prof Gulliver
Prof Gulliver's picture

Didn't know we cared about this demographic at ZH.

Fri, 11/05/2010 - 17:56 | Link to Comment midtowng
midtowng's picture

+1

Fri, 11/05/2010 - 17:58 | Link to Comment tmosley
tmosley's picture

Of course we do.  Before too long, the bottom 80% are going to look just the same way.  Then the bottom 90%.  Then the bottom 95%.

And further, not everyone here is a successful professional.  There are many unemployed people, students, and probably a few working poor.

Fri, 11/05/2010 - 18:04 | Link to Comment frankTHE COIN
frankTHE COIN's picture

I'm a ZHer and for the 1st 18 years of my life i went thru my own Depression. I grew up in a Housing Project, starved, saw people raped and murdered.

I came a long way.

My point is, we are not making fun of them.

Fri, 11/05/2010 - 18:10 | Link to Comment umop episdn
umop episdn's picture

I like it here even tho I am probably in the bottom half (at best). Ignorance is even more painful!

Sun, 11/07/2010 - 10:31 | Link to Comment Absinthe Minded
Absinthe Minded's picture

Love the handle, can't say I've seen it before.

Fri, 11/05/2010 - 18:12 | Link to Comment Azannoth
Azannoth's picture

Just after studies I ended up homless for a couple of weeks, pure perseverance got me through, I had no family and no friends to turn to, any fuking commie that tells me I owe him taxes is a mortal enemy to me, if it ever comes to a revolution I will make sure to have their blood on my hands

Fri, 11/05/2010 - 18:34 | Link to Comment leathaface
leathaface's picture

+ bottom 20%

Sat, 11/06/2010 - 03:27 | Link to Comment Bolweevil
Bolweevil's picture

I'm with the scary guy.

Sat, 11/06/2010 - 10:54 | Link to Comment Shakey
Shakey's picture

+1

Sat, 11/06/2010 - 12:51 | Link to Comment Jr.
Jr.'s picture

+2

Sat, 11/06/2010 - 03:58 | Link to Comment chopper read
chopper read's picture

if it ever comes to a revolution I will make sure to have their blood on my hands

not if i get there first.  

on second thought, i'll save a couple for ya.  ; )

Sat, 11/06/2010 - 10:08 | Link to Comment Bob
Bob's picture

Then it stands to reason that you would never want anyone else to have it better than you did.  /sarc

You seem to have missed the lesson of the experience you claim.  I'd suggest going back and trying it again.  And you will very likely get the chance, your new "friends" notwithstanding. 

Fri, 11/05/2010 - 19:01 | Link to Comment nmewn
nmewn's picture

"My point is, we are not making fun of them."

Well stated.

If nothing else (and there is so much more)...ZH is for the "little guy".

Fri, 11/05/2010 - 22:08 | Link to Comment nedwardkelly
nedwardkelly's picture

If nothing else (and there is so much more)...ZH is for the "little guy".

Where the 'little guy' is actually a whole lot more of the population than people realise.

Fri, 11/05/2010 - 22:55 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

We're all little guys. Only the individual is sovereign.

Sat, 11/06/2010 - 04:00 | Link to Comment chopper read
chopper read's picture

that was deep, Crockett.  :)

Sat, 11/06/2010 - 19:47 | Link to Comment A Nanny Moose
A Nanny Moose's picture

+1

Sat, 11/06/2010 - 20:45 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

i am always asking myself if i am starving or am i just hungry all the time. do you know the difference? probably if it is self induced it is hunger. if it is external it is starvation, right COIN!

Fri, 11/05/2010 - 18:17 | Link to Comment dark pools of soros
dark pools of soros's picture

shouldn't their starvation and chilling deaths dissolve these negative indicators? 

Can't helicopter Ben drop a few active volcanos to thin the unwashed herd?

Sat, 11/06/2010 - 03:00 | Link to Comment Cistercian
Cistercian's picture

 You are dyslexic...I know you meant we drop Ben from a helicopter into an unpronounceable volcano in Iceland.

Sat, 11/06/2010 - 09:45 | Link to Comment OldTrooper
OldTrooper's picture

Nice one!  But I've got to ask...would tossing in a man without a clue be as effective at placating the Economy Gods as throwing in a virgin?

Sat, 11/06/2010 - 11:12 | Link to Comment DaveyJones
DaveyJones's picture

you can still be a stupid whore

Sat, 11/06/2010 - 11:12 | Link to Comment Biosci
Biosci's picture

Quite the opposite effect, I would think.  Ben has fucked a lot of people.

Sat, 11/06/2010 - 22:27 | Link to Comment Cistercian
Cistercian's picture

 The gods are most appeased by the sacrifice of the most culpable...ergo, Alan Greenspan's sacrifice would user in an age of near total utopia!

Sat, 11/06/2010 - 19:49 | Link to Comment A Nanny Moose
A Nanny Moose's picture

When the wisdom of the high priests is questioned, sacrifices must me made to reaffirm their omnipotence.

Sat, 11/06/2010 - 22:24 | Link to Comment Cistercian
Cistercian's picture

Or merely to prove their flammability!

Sat, 11/06/2010 - 06:49 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

I am a small business owner. Anyone who chooses to start a business is basically condemming themselves to poverty for at least the first 5 years. And did I mention, you'll never work as hard until you work for yourself.

Sat, 11/06/2010 - 10:03 | Link to Comment 11b40
11b40's picture

In 1976 I stepped out of the corporate world and became a commissioned sales agent.  5 years later, I started my own agency, representing manufacturer's and import companies in the home furnishings business.  We cover the Southeast, and once had over 2500 accounts.  Today, it is under 200, and falling fast.

I know many, many small independent business owners (and former owners).  The point I want to make here is how the tables have turned.

When I was a young man, the path to wealth and security was starting your own business.  If you were willing to work hard and sacrifice for a few years, assuming you were somewhat savvy, you could do well.  The risks you took were well rewarded.  It was most of the government employees and mid-level corporate workers who were pretty much stuck and condemned to mediocre earnings and a moderate future.

Gradually over the years, the equation shifted.  So much of corporate America has now been elevated lofty income status and big benefit packages, and the same is true of government employees.  Not so for the independent small business.  The deck is heavily stacked against Main Street to the point where you almost have to be crazy to head out on your own today.  That's not to say that our entrepreneurial spirits have been crushed, but the chance's of success are far slimmer than they were.  It is especially galling when you consider the little guy has everything on the line, while the government bureaucrat and the guy working for the predatory multi-national corporation has no skin in the game.  Their checks come every month, their health care is covered, their retirement plan is funded, and they just send in the expense report and a check shows up. Weekends off, and well defined paid vacations, too.

I could write a book on this, but even though it is Saturday, there is a lot of unfinished work at the office, and I gotta' go.

Independent Contractor

Sat, 11/06/2010 - 11:07 | Link to Comment What_Me_Worry
What_Me_Worry's picture

Well said.  I went for the health care field after selling my company.  They started me with 5 weeks vacation(topping out at 7).  I get a pension AND a company-matched 403b.  I actually got tired of reading all the benefits that were included.  This is what every single person gets who walks through the door to work.

Public sector jobs aren't fair.  Somethings got to give.

Sat, 11/06/2010 - 14:00 | Link to Comment Walter_Sobchak
Walter_Sobchak's picture

What you are describing is the transition from freedom to communism.

Sat, 11/06/2010 - 11:20 | Link to Comment Ricky Bobby
Ricky Bobby's picture

+10

11b40 - Great Post.

Sat, 11/06/2010 - 13:17 | Link to Comment Kayman
Kayman's picture

11b40

Thanks for the post.  I have had to lay off 70% of my people. So even the tax revenue has disappeared.

TYLER- ANSWER THIS QUESTION !!!!!!

If the CPI is weighted heavily to "owner's equivalent rent" and this imputed amount is a function of interest rates, which in turn are a function of ZIRP, then isn't Bernanke causing his own deflation in the CPI ??

Tell me I have cobwebs in my head this morning. 

Sat, 11/06/2010 - 14:17 | Link to Comment 11b40
11b40's picture

In 2000, there were 16 of us - commissioned sales reps and support staff.  Reps were making in the 80-120K range.  I covered everyone w/health benefits PLUS had one of those old fashioned defined benefit retirement plans that we maxed out at 25% for almost 20 years.

Today, there are 2 of us selling and one administering.  Closed my showroom in America's Mart, saving over 50K/yr, and moved from 6K sqft offices to 800sqft.  Closed the  retirement plan in 2007.  Now have an HSA w/high deductibles.  After 15 months of putting money back in, I finally started taking some out 2 months ago.  There are untold thousands like us, and we are just fucking invisible.....but, America, you are going to miss us when we are gone.

Sat, 11/06/2010 - 15:27 | Link to Comment Kayman
Kayman's picture

11b40

We have been living off my wife's paycheck and burning thru liquid assets. You are absolutely right.  Not many left to carry a very big can.

Perversely, we have higher margins today that 4 years ago, but top line revenue has shrunk so far, it is nigh impossible to carry monthly expenses.  I am going to carry on until next summer, if things haven't improved I am going to cut my losses. 

Sun, 11/07/2010 - 01:50 | Link to Comment Minion
Minion's picture

I'm not Tyler but I totally agree with you - CPI is a lie, Bernanke is lying (you can hear it in his voice when he makes a speech), and playing dumb.

CPI does not take consumables into account (food, fuel) and is heavily progressive.  Birkenstock Ben is funding federal deficits, not creating jobs, and this should be obvious by now.  History shows that governments have a tendency to get hitched to central banks to fund deficits with fiat currency. 

It's blatent monetization, covered in econo-hype.  These fools aren't as dumb as they look. 

Sat, 11/06/2010 - 16:34 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

I could write a book on this,

 

You and me both. I totally agree with you. In fact, I've grew up in it. All three of my  grandfathers (my grandmother remarried) were small business owners. A builder, a farmer and a tailor. My Great Uncles were also small business owners. In fact, the entire town was small and medium businesses. It started out as the Utopian vision of one man, Charles K Landis. From 1861 to about 1975 it was a thriving community. The only clothing manufacturer left is one that manufactures Class A uniforms for the military. The only poultry plant is a Kosher plant, and I just read in the paper they will be laying off 50 of their 150 workers. Some of the small produce farms are making a comeback, but many of them switched to sod and shrubbery because of the housing boom.

My father took a job at a state run institution in the late 70s. You are right that back then, people mostly worked for the benefits. Today, I could get a job working for the State and make more money, and have a great retirement plan all handed to me.

 

If you are interested, here's some history on my town, where both sides of my family go back at least 3 generations.

http://books.google.com/books?id=e0prRC34_3sC&printsec=frontcover&dq=cha...

http://www.vineland.org/history/friends/writings/ticket/index.html

 

http://www.vineland.org/history/block/history/history.htm

 

It was entrepreneurship that built the Middle Class, not Unions, like some would like us to believe. in fact, it was Unions that were a large part of the destruction of the Middle Class, in my town.

 

 

Sat, 11/06/2010 - 20:47 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

i just heard someone say, learn to drive a TRACTOR, bitch†

Sun, 11/07/2010 - 07:26 | Link to Comment nmewn
nmewn's picture

Franklin,

"I am a small business owner. Anyone who chooses to start a business is basically condemming themselves to poverty for at least the first 5 years. And did I mention, you'll never work as hard until you work for yourself."

Very well stated.

But also one of the greatest "perks" of working for yourself is you can tell someone or anyone to go pound sand. Or alternately, help people in need who might otherwise not be able to afford the service offered...at my discretion of course.

It is very liberating.

In my opinion, because it is so very liberating it is attacked (not openly, but clandestinely) with thousands of rules, regulations, taxes etc. by the statist's.

One of the businesses I started long ago (with the expectation of growing to the point of employing others eventually) was tool intensive.

After the first year in this business I had my annual meeting with my accountant who introduced me to what Fla. calls the intangible tax. This was explained to me as basically a perpetual tax on the tools of the trade. Whether a tax had been levied on the purchase of the tool in question at the point of purchase or not was immaterial.

To be legal, I had to pay it, forever & yearly, until the point it (the item in question) became unservicable.

I was stunned not only by the double taxation aspect of it but by the non-chalant way of explanation of it...that's just the way it is I was told...logic, reason, fairness & natural law were exlcuded as an explanation for it.

I informed him then and there I would be shutting it down...although small in taxable amounts...it was the principle of the thing with me.

The net effect was the community lost a valuable service, the state lost revenue from other less onerous taxes, future jobs were aborted in the womb, suppliers to me saw their sales drop, package delivery company's and postage dropped etc.

In the end...I got to tell them to go pound sand...liberating for me...but on the whole, it was a greater loss to the community, the state & future employment opportunities. 

 

Sun, 11/07/2010 - 14:06 | Link to Comment TBT or not TBT
TBT or not TBT's picture

It turns out nmewn is John Galt.

Sun, 11/07/2010 - 19:51 | Link to Comment nmewn
nmewn's picture

"It turns out nmewn is John Galt."

LOL.

My monicker "enemy within" can mean many different things to many different people under different circumstances ;-)

But yes, I withdrew my support for this charade long ago.

Another anectdote of real world taxation experience from my past at the very tender age of 25.

I was fortunate enough to hit a trifecta at Derby Lane...it paid over $600 so I had to go to the IRS window at the track. There taxes were taken out of my winnings and I was left with $964 if I remember correctly. Well it was party time baby!...LOL.

The following year my tax guy filed my return including a declaration of these winnings and the taxes paid. However he filed them on the wrong form, as I found out close to the statutory limit...they always wait for years to build up monetary damages...similiar to a prosecuter charging you with everything he can think of...but I digress.

Long story short...after five years and many heated exchanges with those lovely people at the IRS in Atlanta they got the rest of my winnings from that day...even the money from my labor I had freely put at risk on the wager itself that ran all the way around the track that day.

I have always assumed it was for my obstinance.

So now...they only see what I want them to see.

A word to the wise...there is a very nice cottage industry that has grown up around IRS windows at betting establishments where winnings can be presented by "others"...have the taxes taken out...you pay the "others" a small handling fee.

It's like a "shovel ready job" before it became de rigueur of DC and it allows one to sleep like a baby ;-)

Sun, 11/07/2010 - 21:32 | Link to Comment chopper read
chopper read's picture

+1 ..i 'go galt' at every juncture these days. starve the beast.

Sun, 11/07/2010 - 22:50 | Link to Comment nmewn
nmewn's picture

I like to believe there are millions of nmewn's and chopper's out there.

My view is...we have all agreed that a certain level of taxation is required to have a functioning orgainized society.

However, the level that the government and it's lackeys require was breeched long ago.

Now it is just plain ole theft under the guise of law.

When government force banks to lend to those who cannot afford to pay it back...you know it is corrupt. When the fiat money you are paid for your labor is devalued on a whim...thus any savings in that form (fiat money) begins to evaporate at it's very beginning you know in your soul it is corrupt. How can someone pay back with interest what they will never earn in a working lifetime? How is it that it requires both parents to work in order to have a middle class lifestyle?

Now, they will say this is to make you spend it instead of save it. This is the other paradox of Keynes...because you cannot have credit without savings. 

They appoint themselves the best and brightest among us and that we should just trust their intellect in these complex financial matters.

But history & experience shows them to be incompetent at best...criminal at worst, in both finance and governace.

It has grown to the point everyone knew it would IMHO.

I say again...they will shrink government, cut taxes and allow the people to prosper voluntarily or by force of circumstance.

It is their choice now...not ours...most of us have made our choices and remain unafraid of the consequences.

SeeYa chopper.

Fri, 11/12/2010 - 01:54 | Link to Comment chopper read
chopper read's picture

+1, buddy.


as i continue to say around these message boards: i soundly recommend that we panic, continue buying guns, freeze-dried food, and precious metals. I hope we are all having a good laugh about how wrong i was sometime in a few years. 

Much like the former USSR, our system is unsustainable. Big Government "Solutions" are a broken window fallacy. "Progressive" Democrats and Republicans have further accelerated our demise by undermining State and local government rights and individual liberties in order to concentrate evermore power within both our Wealth Redistribution Complex (Washington D.C.) and our Wall Street Industrial Complex (New York City) which have evolved into vehicles for white collar crime in virtually every facet of their parasitical existence. 

Of course, as we have talked about many times, the key culprits are centralized money planning, fractional reserve counterfeiting, and faith-based paper money. It is our debt-based monetary system which allows for illegal leverage via fractional reserve counterfeiting that gives the international banking cartel and their cronies significant power and influence over our lives. because we compete against these newly printed Federal Reserve Notes with our existing FRNs that we have earned through providing valuable goods/services, we are subjected to a system which favors the existing rich, hurts the existing poor, and creates strong headwinds to upward mobility in our economy. 

if FRNs were not the only 'legal tender', then they could not be counterfeited. you would only need to deal with other honest business people at your own risk, and so would other individuals. in other words, nobody would have an unfair advantage. 

The Welfare State, for example, cannot exist without keynesian money printing within a debt-based monetary system. keynesian money printing is dependent upon infinite amounts of loans expanding exponentially. obviously, this is not sustainable. this is a sick, twisted system of fraud, with the promise of "free lunches" all around and a "chicken in every pot". Obviously, these promises are on the eve of being broken and leading us ever-closer to economic collapse by the moment. 

a rule of law protecting your property from other monkeys is paramount. 'more government regulation' is not. this is sleight of hand misdirection that only results in making your life more difficult and never results in solutions. namely, end the private federal reserve gosbank, outlaw fractional reserve lending, and open up regional economies to competing asset-backed currencies including gold and silver.

bigger centralized governments are not the solution. they simply succeed in creating large public coffers to be raided by corporate and labor cronies and their lapdog politicians. starve the beast and place our government workers in soup lines immediately so we can go back to being sovereign men who are responsible only for not imposing upon the liberty of our neighbors and other global inhabitants. 

Further, if Trillions of $USDs were not tied up in U.S. Treasury Bonds supporting the Welfare State, this capital would be in the private sector because it would have no other place to go. The Dow Jones Industrial Average would be at 100,000 and everyone would have a helicopter in their back yard. Hurricane Katrina victims, for example, would not need to rely on central planners who currently have a monopoly on both "force" and incompetence. The abundance of wealth would increase the generousity of fellow Americans to unseen levels, and dwarf financial outpourings towards Haiti's hurricane victims and Bali's tsunami victims by comparison.

instead, we are paying ever-expanding interest payments on nearly $15 Trillion with approximately $160 Trillion in unfunded liabilities to the further enrichment of The Federal Reserve and extended members of the International Banking Cartel. 

how's this working out?

Fri, 11/05/2010 - 18:02 | Link to Comment EscapeKey
EscapeKey's picture

Well, you know, I kind of like my house and car the way they are right now - untorched.

Sat, 11/06/2010 - 12:53 | Link to Comment Cpl Hicks
Cpl Hicks's picture

Is there even enough extra gasoline in Russia to be using it to torch houses (dachas?) and cars?

 

Sat, 11/06/2010 - 20:16 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Da!

Fri, 11/05/2010 - 18:57 | Link to Comment macholatte
macholatte's picture

Well, Prof Gulliver, hopefully your comment was NOT from the pedestal of an aristocrat.

This so called bottom 20% has a segment that has historically tried to teach a harsh lesson that the elites should have learned. It's called the "nothing to lose crowd". When they get upset, they get very busy burning things and making the kind of noise that Europe has forgotten about and has yet to emulate.

Caring about these folks is often equal to self preservation. It's the middle class who sits on its ass, and gets shit on regularly. (see Watts 1965. http://www.youtube.com/watch?v=BbElAfALWbM)

 

I wouldn't attach too much importance to these student riots. I remember when I was a student at the Sorbonne in Paris, I used to go out and riot occasionally.
John Foster Dulles

When I have been asked during these last weeks who caused the riots and the killing in L.A., my answer has been direct and simple: Who is to blame for the riots? The rioters are to blame. Who is to blame for the killings? The killers are to blame.
Dan Quayle

 

Sat, 11/06/2010 - 23:17 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Hmmm.   We should hope that if ever a US version of "these folks" tries to block the entrance and exits of fuel refineries, or operate "operation snail" on our highways(truckers driving side by side at 10km per hour on the interstates), that our state troopers would end such activity within, lets say 15 minutes of its being reported, with lethal force well on display, and that the courts would permit rapid and fair prosecution.     Private property and public freedom must either be respected here, or not.  This is not France with its hundreds of no-go zones where the law doesn't ever apply, and massive toleration of theft and the rights of ordinary citizens on the behalf of coddled effing unionized permajob workers.   If the police wouldn't act hopefully the "militia" would...the people.

Fri, 11/05/2010 - 19:37 | Link to Comment Sean7k
Sean7k's picture

Nice. let me say I care. Socialized cost structures benefit the wealthy at the expense of the poor. 

I may not be poor, but they bear a weight that inhibits their ability to succeed in life. Consequently, the degree of dues they are forced to pay pale in comparison to the middle class student or, god forbid, the wealthy class. 

To slander this group, from your pedestal, is a clear indication of your poverty in spirit. You had best hope there is never a day of reckoning- it may be your head that falls in the basket- not something I would mourn in the least.

Fri, 11/05/2010 - 20:04 | Link to Comment mogul rider
mogul rider's picture

They need to get their own hedge +

Fri, 11/05/2010 - 17:49 | Link to Comment infotechsailor
infotechsailor's picture

there has been a lot of deflation in energy consumption with the economic contraction... but soon inflation here combined with higher demand from recovering economies in other countries will snot-slap americans with the reality of the situation that they don't have the foresight to see coming

Fri, 11/05/2010 - 18:24 | Link to Comment Minion
Minion's picture

Remember in early 2008 when rice went parabolic?  There were riots in the streets in certain Asian countries.

"This really wasn't very funny.  If they had monetized Lehman Brothers (rather than let them fail), commodities would have run away and social upheaval over food prices wouldn't be far behind"

-Stewart Thompson, retired Merill Lynch broker turned independently wealthy trader, on the real effects of monetization. 

http://finviz.com/futures_charts.ashx?t=ZR&p=w1

http://www.gracelandupdates.com

Fri, 11/05/2010 - 19:20 | Link to Comment flacon
flacon's picture

Research D.U.M.B.s. My hunch is that the US Government bought so much rice to keep down there that the prices skyrocketed. All the rice for the next 15 years....

http://www.helpfreetheearth.com/img/dumbMap.jpg

 

http://www.jamescarner.com/images/Underground070907a.jpg

 

 

 

 

Sat, 11/06/2010 - 14:36 | Link to Comment flattrader
flattrader's picture

The food commodities spike price in 2008 was Goldman Sachs

http://johannhari.com/2010/07/02/how-goldman-sachs-gambling-on-starving-...

If you read carefully you will note that non-commoditized food (millet for example) did not spike.

GS starved a few hundred thousand to death and made hungry millions.

Sat, 11/06/2010 - 19:00 | Link to Comment Minion
Minion's picture

Banksters making it clear to the world that they will survive if the system doesn't.  Sad but true......

Fri, 11/05/2010 - 17:52 | Link to Comment I am more equal...
I am more equal than others's picture
Revelation 6 The Seals

 1 I watched as the Lamb opened the first of the seven seals. Then I heard one of the four living creatures say in a voice like thunder, “Come!” 2 I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest.

 3 When the Lamb opened the second seal, I heard the second living creature say, “Come!” 4 Then another horse came out, a fiery red one. Its rider was given power to take peace from the earth and to make people kill each other. To him was given a large sword.

 5 When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. 6 Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”

 7 When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, “Come!” 8 I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.

 9 When he opened the fifth seal, I saw under the altar the souls of those who had been slain because of the word of God and the testimony they had maintained. 10 They called out in a loud voice, “How long, Sovereign Lord, holy and true, until you judge the inhabitants of the earth and avenge our blood?” 11 Then each of them was given a white robe, and they were told to wait a little longer, until the full number of their fellow servants, their brothers and sisters, were killed just as they had been.

 12 I watched as he opened the sixth seal. There was a great earthquake. The sun turned black like sackcloth made of goat hair, the whole moon turned blood red, 13 and the stars in the sky fell to earth, as figs drop from a fig tree when shaken by a strong wind. 14 The heavens receded like a scroll being rolled up, and every mountain and island was removed from its place.

 

Judgement bitchez

Fri, 11/05/2010 - 18:07 | Link to Comment plocequ1
plocequ1's picture

-1 Junk=0 junk. Nothing from the Bible is junk.

Fri, 11/05/2010 - 18:20 | Link to Comment Azannoth
Fri, 11/05/2010 - 18:47 | Link to Comment I am more equal...
I am more equal than others's picture

Wow, what a poor treatment of the metaphor contained in that passage.  Ever had a lit class?  Do you understand the term 'foreshadowing'?  Abraham foreshadowed what Christ accomplished for us.  Sorry for your loss.  A tragic loss at that.

Sat, 11/06/2010 - 09:26 | Link to Comment tamboo
tamboo's picture

http://www.thewatcherfiles.com/jewish_sacrifice.htm

The second angel poured out his bowl into the sea, and it became blood like that of a dead man; and every living thing in the sea died. ..

Sat, 11/06/2010 - 13:43 | Link to Comment Village Idiot
Village Idiot's picture
by tamboo
on Sat, 11/06/2010 - 06:26
#704966

http://www.thewatcherfiles.com/jewish_sacrifice.htm

The second angel poured out his bowl into the sea, and it became blood like that of a dead man; and every living thing in the sea died. ..

 

Another gem as presented by one of our newer commenter's on ZH.  The other one, presented below, to which I followed up.    We've already been there, tamboo.

 

by tamboo
on Fri, 11/05/2010 - 09:21
#702829

zhid works for

me.

http://www.sptimes.ru/index.php?action_id=2&story_id=3685

more on the letter of 5,000:

http://irish-nationalism.net/archive/index.php/t-3644.html

judaism is a vast criminal enterprise disguised by a

(very) thin veneer of religion.

wish i could take credit for that quote.

http://tracker.zaerc.com/torrents-details.php?id=15133


 

 

by Village Idiot
on Fri, 11/05/2010 - 10:41
#702885

Good for you.  21 weeks on ZH - you might want to get a better feel for where this site has been and where it's going. I think you'll find that, for the most part, this kind of battle was fought some time ago.  As such, those who still harbor their beliefs have toned down the rhetoric - and the rest have moved on.  Stick around.

 

EDIT: oops, forgot the disclosure - I am a Jew.

Sat, 11/06/2010 - 18:55 | Link to Comment chopper read
chopper read's picture


"If you want to know who your rulers are, ask who cannot be criticized."

Sat, 11/06/2010 - 19:01 | Link to Comment Village Idiot
Village Idiot's picture

"If you want to know who your rulers are, ask who cannot be criticized."

 

Your answer is below.

Fri, 11/05/2010 - 18:31 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

+1.  That is one translation.  Another is "Mad Max, bitchez".  Prescient.

Fri, 11/05/2010 - 19:42 | Link to Comment bluebare
bluebare's picture

God made the world in seven days 6,000 years ago but shortly thereafter didn't know where Abel and had to ask Cain.  Then heavenly hosts mated with humans and God sent a scientifically impossible flood to destroy all but eight humans riding in a boat containing all known animal species that they built and maintained themselves. 300 years later, the Sumerians invented glue. Samson killed 20,000 men with the jawbone of an ass enabling God to establish a civil order among His chosen people based on more than six hundred rules, most of which make no sense in the modern world.  They didn't work even back then because despite the rules and threats, the written record shows that the chosen people, even Samson, repeatedly rejected God anyway.  "Hmm, perhaps I need to try something else," said God.

So, God the Father then voluntarily revealed and allowed Himself in the guise of God the Son to be killed and save the world except that, two thousand years later, two-thirds of humanity is still unconvinced about the purported divine visitation.  The visitor failed to fulfill his own prophecy to return to Earth in the generation of His hearers. Nevertheless, many people still believe he rose from the dead because, despite being completely rejected by the chosen people who were THERE when the supposed miracle happened, the story was adopted by illiterate people in far-off lands long after the claimed Resurrection event occurred.  So, this God IS coming again because, once wasn't enough. He really means it next time.  Before that happens, though , God will reign the Holy Terror of Revelation on the earth killing half of mankind because he truly, truly loves us. 

Although there is no junk in the Bible, and despite the threat that disbelief will result in eternal damnation in a lake of fire, the numbers of people who believe the Bible is declining by 1% per year.

Bible investment advise: Neither a borrower nor a lender be.  Even avid Bible thumpers must acknowledge that our so-called Christian society appears to have disgarded the entire substance of this particular teaching as outmoted quite some time ago. Blessed be the poor, indeed.

Nothing to see here. Move along.

Fri, 11/05/2010 - 20:15 | Link to Comment bluebare
bluebare's picture

Neither a borrower nor a lender be.

Shakespeare, not the Bible.

Never mind.

Fri, 11/05/2010 - 22:42 | Link to Comment -Michelle-
-Michelle-'s picture

Proverbs 22:7 - The rich ruleth over the poor: and the borrower is servant to him that lendeth.

James 2:6 - But ye have dishonoured the poor man. Do not the rich oppress you, and themselves drag you before the judgment-seats?

Isaiah 3:14 - The Lord will enter into judgment with the ancients of his people, and its princes: for you have devoured the vineyard, and the spoil of the poor is in your house.

Take your pick.

Fri, 11/05/2010 - 23:02 | Link to Comment lawrence1
lawrence1's picture

Thanks, very funny!  Christianity, Judiasm and Islam have never received the disrespect they deserve.  I suggest a new psychiatric disorder category, ¨"Fundamental personality-intellectual disorder with significant cognitive slippage."

Sat, 11/06/2010 - 11:16 | Link to Comment DaveyJones
DaveyJones's picture

I prefer significant cognitive sippage

Sat, 11/06/2010 - 11:32 | Link to Comment Husk-Erzulie
Husk-Erzulie's picture

I am Jahwe and I only hurt you because I love you, my chosen people.  Holy Fire Bitchez.

Sat, 11/06/2010 - 14:43 | Link to Comment I am more equal...
I am more equal than others's picture

bluebare, all Christians are hypocrites and those who say they aren't are liars.  Then again, all people are hyprocritical about something. I'm a hypocrite - a full admission to that fact.  

http://www.youtube.com/watch?v=Fgti6sYv-6Q

 

Sat, 11/06/2010 - 12:56 | Link to Comment Jr.
Jr.'s picture

+1

Sat, 11/06/2010 - 22:47 | Link to Comment RockyRacoon
RockyRacoon's picture

Nothing from the Bible is junk.

That's why I take nothing from the bible. 

Fri, 11/05/2010 - 18:35 | Link to Comment macholatte
macholatte's picture

 

Charlie The Unicorn

http://www.youtube.com/watch?v=Q5im0Ssyyus

 

Fri, 11/05/2010 - 18:53 | Link to Comment I am more equal...
I am more equal than others's picture

who stole my frickin kidney?

funny

Fri, 11/05/2010 - 19:55 | Link to Comment bluebare
bluebare's picture

Excellent DD.  The existence of unicorns is confirmed by a couple of references in the Bible. 

Fri, 11/05/2010 - 20:07 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

i have to ask why is confirmation in the Bible make unicorn existence truth? i don 't believe unicorns existed because the bible says so. i believe unicorns exist cause i just think maybe they do.

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