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Jack Daniels Explains The Budget Deficit

Tyler Durden's picture





 

Still hungover from Saturday to comprehend what happened with the Great Obama Budget presented yesterday? Then this video is for you. Using shot glasses of Jack Daniels it takes just under two minutes to lay out in layman's terms not only the essence of the proposed budget, as well as the "Draconian" cuts contemplated, but also insinuates heavily about the level of blood in the alcoholstream of those government workers who came up with the "50% rise in government revenues over 2 years" assumption.

h/t John

 


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Tue, 02/15/2011 - 18:14 | Link to Comment EvlTheCat
EvlTheCat's picture

Tee Hee <hiccup>

Tue, 02/15/2011 - 20:48 | Link to Comment Miss Expectations
Miss Expectations's picture

Hiccup cure:

Take one slice of lemon, soak in scotch, dip in sugar.  Bite, suck, convulse. 

Works for me.

Tue, 02/15/2011 - 21:09 | Link to Comment New_Meat
New_Meat's picture

Slug of scotch, repeat as necessary

Tue, 02/15/2011 - 22:33 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Two well made bloody marys followed by enough brew to refloat an abnormal brain...

The state of mind that results should preclude inviting a hyena to lunch... no guarantee though...

Tue, 02/15/2011 - 23:35 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Everything is better when Jack Daniels explains it.  Jack Daniels for President.

Wed, 02/16/2011 - 02:07 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Late as usual. Been at my favorite Chineseredneckhiphop80s bar swill'n Bush mills and tsing Tao. Win The Futre is up? How has this poop not collapsed? TPTB can't be this omni potent (potent?) that this poop is still (not grain) goin' on. I just finished partyin' wit the daughter of the most powerful dem in the county. She is now educated and agrees the party sys is irrelevent (sp/drunk). Amerika is wakin'. Thanks gu(rls)ys, Tyler, GW, Regg, William, Snowball... even Harry. w/o y'all I wudnt b able able to make the argument. Anyone take beet beer for ZH membership? I've frozen 32% in gallon bags for 2012 taxes.

Tue, 02/15/2011 - 18:15 | Link to Comment papaswamp
papaswamp's picture

Love political math!

Tue, 02/15/2011 - 19:44 | Link to Comment 10kby2k
10kby2k's picture

 

DDCC --  delay/deny/confuse/convalute   <<<feds mandate

Tue, 02/15/2011 - 18:17 | Link to Comment Hedgetard55
Hedgetard55's picture

I'm still waiting on the certified birth certificate.

Tue, 02/15/2011 - 18:26 | Link to Comment sabra1
sabra1's picture

since when does an antichrist need a birth certificate?

Tue, 02/15/2011 - 22:13 | Link to Comment defender
defender's picture

how else will he be able to prove that his number is 666?

Tue, 02/15/2011 - 19:27 | Link to Comment ZakuKommander
ZakuKommander's picture

Soooo OT. Watch the vid again. Both parties are playing games. Don't be one who's fooled into thinking there are massive differences between the two.

Tue, 02/15/2011 - 20:03 | Link to Comment Moe Howard
Moe Howard's picture

 

I thought he was going around with it taped to his forehead all the time......

Tue, 02/15/2011 - 20:40 | Link to Comment BigJim
BigJim's picture

So...

option i: it turns out Obama IS an American

option ii: it turns out Obama ISN'T an American... and John 'Bomb bomb' McCain is president.

Feel any better now?

I thought not.

Tue, 02/15/2011 - 21:11 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Thus the need to drink.

Wed, 02/16/2011 - 02:11 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Iwas born two months before and it is a certificate of live birth. BIG diiference. senators can certify a certificate. Birthing doctors/nurses an certify a LIVE birth. Sorry 1AM/drunk/sp. Hate yahoo threads!!

Tue, 02/15/2011 - 19:51 | Link to Comment flacon
flacon's picture

WHO was *selling*?

Tue, 02/15/2011 - 18:21 | Link to Comment apberusdisvet
apberusdisvet's picture

And I always get junked when I propose that this is all part of a planned agenda.

Tue, 02/15/2011 - 19:35 | Link to Comment New_Meat
New_Meat's picture

self-fulfilling prophesy!

Wed, 02/16/2011 - 02:13 | Link to Comment Ben Fleeced
Ben Fleeced's picture

I drunk junked you. I promise I won't do it again until I'm drunk again.

Tue, 02/15/2011 - 18:22 | Link to Comment drink or die
drink or die's picture

14 shots is about what it takes me to stop caring about such things.

 

Maybe I'm just a worrier though.

Tue, 02/15/2011 - 19:08 | Link to Comment Rainman
Rainman's picture

You must be doing those 3/4 shots. That means you really only drank 10.5 shots. Proceed with 3.5 more......make it an even 4. Worry be gone then.

Wed, 02/16/2011 - 07:14 | Link to Comment StychoKiller
StychoKiller's picture

Foster Brooks wants to party with you! :>D

Tue, 02/15/2011 - 18:22 | Link to Comment mcguire
mcguire's picture

awesome..  i heard a clip this morning by obama about having to cut baby formula, and shaming us into 'we have to ask ourselves if this is the kind of america we want to become'..  yes, mr. obama, yes we do want to cut baby formula subsidies, this is indeed the america we want to become.. we do not want the american people depending on government for food...

Tue, 02/15/2011 - 18:34 | Link to Comment topcallingtroll
topcallingtroll's picture

I dont mind feeding the parasites if they would only agree to quit reproducing as a condition for not having to work for a living.

Tue, 02/15/2011 - 18:48 | Link to Comment MachoMan
MachoMan's picture

What would be wrong with the government paying people to go into clinics and get their reproductive capacities curtailed?  (other than unwittingly giving subsidies to our southern neighbors).

Answer: because the government is designed to create dependents, not help people avoid capture.

If it turns out you want kids, then fine, you go pony up tax money to unkie sam and pay for your own surgery...

Tue, 02/15/2011 - 19:08 | Link to Comment Spaceman Spiff
Spaceman Spiff's picture

There is some Supreme court case about neutering people.    

 

I think there is a private group that pays the poor drug addicts of this world  a certain sum to get fixed.  I vaguely remember reading about it in the past 1-2 years.

Tue, 02/15/2011 - 21:17 | Link to Comment A Nanny Moose
A Nanny Moose's picture

That would make it more difficult to hit our growth numbers and sustain "The Ponz"

Tue, 02/15/2011 - 22:39 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Some Nazi doctors were prosecuted at the Nuremburg trials after WW2 for doing nutering proceedures.

Watch the old movie 'Judgement at Nuremburg' for some intesting footage. It is a fictional account but based on actual trial transcripts.

Wed, 02/16/2011 - 01:16 | Link to Comment aerojet
aerojet's picture

It wouldn't be neutering, it would be sterilization.  Big difference!  The woman goes in, gets an IUD (the permanent kind) and she can boom boom all she wants after that.

It is completely monstrous, but it is less monstrous than a world of 8 or 10 billion people with barely any other living animal species left except wonderful, poverty-stricken, ignorant humanity.

Wed, 02/16/2011 - 07:16 | Link to Comment StychoKiller
StychoKiller's picture

So, anyone up for some soylent green?  I'll go fire up the grill...

Wed, 02/16/2011 - 02:19 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Great. Post at Population Connection Dr. Mengele.

Wed, 02/16/2011 - 11:32 | Link to Comment MachoMan
MachoMan's picture

My proposal is VOLUNTARY.  If you don't offer people enough money, then they're not going to take you up on the offer...  Further, there would be nothing preventing them but money from having their tubes untied...

Now, if you want to make the case that the government controls the macro economy and, ultimately, ensures that large segments of the population do not actually have enough money for children, then I would entertain that idea...  but, I'm not going to make your arguments for you...

Tue, 02/15/2011 - 19:40 | Link to Comment New_Meat
New_Meat's picture

tct:

"I dont mind feeding the parasites..."

check this out, here in the Commonwealth, where Auntie Zietunie resides:

http://bostonherald.com/news/politics/view.bg?articleid=1316850

feeding? OK.  Victoria Secrets?

- Ned

Wed, 02/16/2011 - 02:24 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Ned,

Can you make Mass. a sovreign commonwealth? It would help. 2+?=V

Tue, 02/15/2011 - 21:43 | Link to Comment ReeferMac
ReeferMac's picture

My god, that's the most brilliant thing I think I've ever heard!

Want a lifetime on the goobermint teat? No problem, let us sterilize you.... Fucking Genius!

Wed, 02/16/2011 - 07:42 | Link to Comment Surly1
Surly1's picture

By which you mean the banksters, correct?

Tue, 02/15/2011 - 18:47 | Link to Comment ZerOhead
ZerOhead's picture

Baby formula subsidies... banking sector subsidies... baby formula subsidies... banking subsidies... which to choose... which to choose.

Babies or Bankers.

It's a tough call for some.

Tue, 02/15/2011 - 19:09 | Link to Comment mnevins2
mnevins2's picture

Is "All of the above an option?"

Tue, 02/15/2011 - 20:10 | Link to Comment NumberNone
NumberNone's picture

It's been the only option for 40 years.

Wed, 02/16/2011 - 02:33 | Link to Comment Ben Fleeced
Ben Fleeced's picture

hey.

You flamed poster for his religious idocy. It pissed me off and made me think you were "on the rag".  There are subjects who want to try independent thought and dn't need to baited into arguments by "superior" intellects.

I too remember when the three generals ruled. ;-)

Tue, 02/15/2011 - 19:23 | Link to Comment nedwardkelly
nedwardkelly's picture

"i heard a clip this morning by obama about having to cut baby formula"

What a fucking atrocious example of 'bad' things to cut. They SHOULD cut subsidies to forumula. There's a healthier alternative and the best news is that mothers bodies produce it FREE!

The only people that the baby formula cuts hurt is the baby formula industry. No surprise there's a politician looking out for them.

Maybe cut the outright subsidies, then just help those unfortunate enough to have issues with natural breast milk, as opposed to anyone that's just too lazy or otherwise to deal with it.

Tue, 02/15/2011 - 20:16 | Link to Comment Fearless Rick
Fearless Rick's picture

Mmmmm... malt scotch and breast milk: the Maltease Titty.

Tue, 02/15/2011 - 20:21 | Link to Comment ZerOhead
ZerOhead's picture

Breast is best!

Wed, 02/16/2011 - 00:28 | Link to Comment ThePhysicist
ThePhysicist's picture

Crack whore Obama voters don't produce much milk.

Tue, 02/15/2011 - 18:22 | Link to Comment slaughterer
slaughterer's picture

Any bonehead will understand this.  Give it to FoxNews.

Tue, 02/15/2011 - 18:24 | Link to Comment Hugh G Rection
Hugh G Rection's picture

Ted Kennedy could have taken that 14shot deficit down in one sip.

Tue, 02/15/2011 - 18:28 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Time to raise the Daniels Ceiling.

Wed, 02/16/2011 - 02:38 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Wait(er)ress sandwiches!!!!

Tue, 02/15/2011 - 18:26 | Link to Comment Seasmoke
Seasmoke's picture

nothing but Makers Mark for me

Tue, 02/15/2011 - 18:36 | Link to Comment topcallingtroll
topcallingtroll's picture

That too. Dont forget wild turkey and george dickel 105

Tue, 02/15/2011 - 18:32 | Link to Comment topcallingtroll
topcallingtroll's picture

I love the jack, but pushed my liver as far as it could go. I hope jack understands why i dont drop by much anymore.

Tue, 02/15/2011 - 18:39 | Link to Comment drink or die
drink or die's picture

lightweight!

Tue, 02/15/2011 - 20:11 | Link to Comment Rainman
Rainman's picture

Yes. Why save a perfectly functional liver for transplant ? Makes no sense.

Wed, 02/16/2011 - 02:39 | Link to Comment Ben Fleeced
Ben Fleeced's picture

Aren't there aborted fetuses for that. DNA DNA DNA!

Tue, 02/15/2011 - 20:18 | Link to Comment Hearst
Hearst's picture

Lt. Col. Frank Slade: Clear them little bottles off. And when I get off the phone here, call up Hyman and tell him I want it wall to wall with John Daniels.
Charlie Simms: Don't you mean Jack Daniels? 
Lt. Col. Frank Slade: He may be Jack to you son, but when you've known him as long as I have... that's a joke. 

 

-Scene from Scent Of A Woman

Tue, 02/15/2011 - 18:37 | Link to Comment Piters
Tue, 02/15/2011 - 18:39 | Link to Comment rsbenton
rsbenton's picture

Jack Daniels analogy way too American for Obama admin. Suggest  vodka and new Czar to direct all further drinking analogies. Don'tKnowJack

Tue, 02/15/2011 - 18:43 | Link to Comment trav7777
trav7777's picture

the real deficit is equal to or greater than revenues.

TreasuryDirect tells a different story about the real deficit as opposed to headline.  Nevermind losses embedded on the Fed's balance sheet or at the GSEs.

From: http://treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

we have:

09/30/2010  

13,561,623,030,891.79

 

09/30/2009

11,909,829,003,511.75

 

09/30/2008 10,024,724,896,912.49

This looks suspiciously like around 1.9T, then 1.65T just from the published figures.  $14.08T is the current number.

Tue, 02/15/2011 - 18:42 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Off topic but...

I am shocked shocked ........................

www.rte.ie/news/2011/0215/connolly.html

 

Tue, 02/15/2011 - 18:56 | Link to Comment ZerOhead
ZerOhead's picture

Firesale in 3... 2... 1...

Wed, 02/16/2011 - 00:05 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I am seriously considering coming over for a two-week pub tour to show support to my long-lost bretheren as they default on the fucking banks. 

Of course, most of my afternoons will be filled.  http://www.goracing.ie/

I owe you a round, Dork, or more.  Pizza in Baltimore and a sail round the light?

Wed, 02/16/2011 - 22:49 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Just back from a epic piss up - murphys brewuey procided the free rocket fuel . forgive the spellong and all ............................contributin g to agggregate demand via stout tokens ..............................................

Tue, 02/15/2011 - 18:46 | Link to Comment tellsometruth
tellsometruth's picture

nice.

this cartoon video titled American Dream spells out some things in a way maybe the masses could comprehend... it is not a qe2 bears exrtanomoral extrapolation but hits some nice historical points... 30 min

btw supposedly shown at cpac? anyone else confirm this?

http://www.youtube.com/watch?v=ZPWH5TlbloU

Wed, 02/16/2011 - 02:53 | Link to Comment JustPrintMoreDuh
JustPrintMoreDuh's picture

+1

Tue, 02/15/2011 - 18:48 | Link to Comment hardcleareye
hardcleareye's picture

Excellent!!!!!!

Tue, 02/15/2011 - 18:51 | Link to Comment Dexter Morgan
Dexter Morgan's picture

And Rand Paul is called wacko by economic experts for suggesting five shot glasses.

Tue, 02/15/2011 - 18:55 | Link to Comment km4
km4's picture

Great job and even J6P can understand this.....cheers ;)

Tue, 02/15/2011 - 19:12 | Link to Comment Zero Govt
Zero Govt's picture

the JD analogy may not work to get the message through to Obama and Timmay, try joints as i'm sure they can count better in that accepted Marxist Uni student currency 

Tue, 02/15/2011 - 19:13 | Link to Comment Devout Republican
Devout Republican's picture

1.4 for corporate welfare. BUT, now how to pay it back.

Hmmmm, oh I know cut people welfare!

Hooray!

The cons for the win! (I hope you cons are looking into steel neck protectors)

toodles!

Tue, 02/15/2011 - 19:16 | Link to Comment dootyfree
dootyfree's picture

Scare tactics, it is irrelavent... we supply our own currency.  You must spend in order to tax.  The only threat is hyperinflation.  Why do you think the debt ceiling always get raised?

Tue, 02/15/2011 - 20:42 | Link to Comment goldsaver
goldsaver's picture

Scare tactics, it is irrelavent... we supply our own currency

No, we dont. The Federal Reserve, a private banking institution, loans us our currency, at interest. Even worst, the money they loan us then produces a security, called a Treasury Bill, that is then sold by the PD back to the reserve and they get to keep the new fee money to spend in bonuses, equities and commodities.

You must spend in order to tax.

No, you dont need to spend in order to tax. You need to tax in order to spend. Since the government does not produce any real exportable goods (with the notable exception of GPS guided bombs and hellfire missiles), every note the .gov spends reduces the value of said currency.

The only threat is hyperinflation. 

Yup. I would call it a certainty. But thats just me.

Why do you think the debt ceiling always get raised?

Because our economy depends on constant exponential growth. When growth stops, the game ends. Plus politicians like getting re-elected.

Wed, 02/16/2011 - 00:16 | Link to Comment dootyfree
dootyfree's picture

So if you were starting a country from scratch, where would the money you collect in taxes come from?

Wed, 02/16/2011 - 00:19 | Link to Comment dootyfree
dootyfree's picture

Are you seriously call the Federal Reserve a "private banking institution".  You have just lost all credibility.  People do not understand how the economy really works.  Imagine the us govt as an alchemist, does an alchemist ever run out of gold?

Wed, 02/16/2011 - 00:45 | Link to Comment dootyfree
dootyfree's picture

No, we dont. The Federal Reserve, a private banking institution, loans us our currency, at interest. Even worst, the money they loan us then produces a security, called a Treasury Bill, that is then sold by the PD back to the reserve and they get to keep the new fee money to spend in bonuses, equities and commodities

Actually it all just crediting and debting of banks accounts at the fed by the treasury.  This is "vertical" money creation.  The US DOES NOT HAVE TO ASK ANYONE TO SPEND, THEY JUST SPEND.  Ever wonder why auctions never fail?  Because you will always be paid.  The govt is not a household credits do not have to equal debts.  


Tue, 02/15/2011 - 21:22 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Another tool that believes all things originate with goobermint? Do you need to be told when it's time to drop a deuce?

Wed, 02/16/2011 - 00:51 | Link to Comment dootyfree
dootyfree's picture

Negative, just explaining how the economy really works.

Wed, 02/16/2011 - 07:28 | Link to Comment StychoKiller
StychoKiller's picture

Educate yourself:

From http://www.zerohedge.com/article/guest-post-great-global-debt-prison#com...

"The tactical wielding of debt has been used by elites for centuries as
a means to imprison the masses, or to create an atmosphere of endless
dependency. Let’s take a look at what debt really is, and how it is being
used against the average American today.  Therefore, fiat induced credit
is not the creation of wealth (as Keynesians seem to believe), but the
destruction of wealth!"

    * I would posit that it is not just the destruction of wealth, as
    there is a chronology to the cash flow and the potential for endless
    secondary offerings on what passes as "money" now that there is no
    backing.  Our governors have no governor to restrict the flow of
    liquidity to themselves and their friends first due to covert means,
    and it is therefore a transfer of wealth.  The volume of funds
    siphoned can more than make up for the reduced purchasing power of
    each piece of our shared paper.  Just so that everyone understands,
    the dollar is similar to equity shares with no dividend and negative
    earnings where management continues to issue more shares and dilute
    existing shareholders - if that is even possible as it is difficult
    to dilute zero.

    * A huge story recently broke that claims JP Morgan knew about the
    Madoff scam.  Isn't it possible that just as in printing unaudited
    fiat (Pentagon missing trillions $) that the private for profit Fed/Big
    Bank complex could have endlessly created digital "wealth" in the
    form of multiple mortgage backed securities (indeed we are seeing
    fraud with multiple MBS on the same property) and duplicated equities
    similar to fractional reserves.
   
          o On the point regarding fractional reserves in our system,
          their power is almost infinite with unregulated derivatives
          and loans that don't require a deposit under a threshold of $9m -
          based upon the signature of the borrower.

    * Buffett was recently on record squeeling with delight regarding
    how great banking was (Wells Fargo) and how he wished he had gotten
    into it much sooner.  One major flaw in our system is that the banks
    who do nothing (no deposit needed under $9m) but get the paperwork
    right (robo signers and title chain of custody recording transfers in
    local city offices?) are able to foreclose on homes for which they do
    not have an interest or standing for damages.  This is the heart of
    the most dangerous loophole in our system - someone put up a deposit,
    made tax payments, and made monthly mortage payments but a bank that had nothing can acquire real assets with conjured up paper alchemy. 
    The banks are more dangerous now that they have been granted TBTF
    backstopped status, as in the past bankruptcy would have been a governor on the loans due to management being tossed out as a result of bank bankruptcy (in the days before they could sell off risk to a third
    party before fake rating agency ratings).
   
          o Small banks and global assets are being sucked up by the
          oligarchs that own the TBTF's through this default loophole. 
          Banks purposely have collapsed economies in the past by
          restricting credit (life blood of the economy) for the sole
          purpose of gobbling up assets and consolidating power (ABA
          Congressional Record over 100 years ago, this is an old play book).
          
          o Under these circumstances, the people of America should
          legitimately question ownership of the assets on the fed and
          TBTF balance sheets.  While you are looking at the P&L and
          think they are broke (rightly so), they are busy gobbling up
          all the assets in the world with their printing press.  Re-read
          that last sentence again and again until you understand that
          they just print money into existence and can use it to buy
          people and assets, trading paper with no intrinsic value for
          real assets that can be revalued under a new monetary system
          (who owns the houses, bonds, and equities while they claim they
          are stabilizing prices and charging us interest on the tax
          payer debt to stabilize the assets?).  Ownership is power and
          influence, regardless if they are technically bankrupt as long
          as there is a backstop.  The system could change tomorrow, who
          owns the assets???

    * Created paper money can find itself circling the globe in hot money
    flows driving prices of everything up with volatility (higher future
    taxes for QE as well as being taxed on food and gas due to inflation),
    flows being moved into sector rotation, flows changing in asset
    allocation, flows going into derivatives that influence the underlying
    price, flows being round tripped in exchange computers between two
    entities to drive prices up and down, etc.  We no longer know what
    price represents, other than POLITICAL WILL - Today B.B. wants to
    pump up the market, but what if bonds dive pressuring rates up, then
    he will want funds to flow out of equities and into bonds.  You can
    only control (personally) hard assets, the price of everything appears
    to be a function of "What does Ben want?".  I am sure they are feeding
    all the variables into a supercomputer for guidance, but it probably
    outlined we are past the mathematical point of no return.  Solving
    for maximum employment would require either less computers or less
    people (technology has made many people obsolete relative to previous
    roles and ability to outsource internationally).

Relevant Qutoes:

    * "In the absence of the gold standard, there is no way to protect
    savings from confiscation through inflation. ... This is the shabby
    secret of the welfare statists' tirades against gold. Deficit spending
    is simply a scheme for the confiscation of wealth. Gold stands in the
    way of this insidious process. It stands as a protector of property
    rights. If one grasps this, one has no difficulty in understanding
    the statists' antagonism toward the gold standard." - Alan Greenspan

    * "But how is this legal plunder to be identified? Quote simply. See
    if the law takes from the some persons what belongs to them, and
    gives it to other persons to whom it does not belong.  See if the law
    benefits one citizen at the expense of another by doing what the
    citizen himself cannot do without commiting a crime." - Frederic Bastiat

    * "Democracy must be something more than two wolves and a sheep voting
    on what to have for dinner." - Benjamin Franklin
   
          o Have you watched Jerry Springer?  It sounds idealistic to
          say all men/women are created equal, but not all opinions or
          ideas are created equal.  A republic maintains principles against
          mob rule, and social justice is just an excuse for another power
          hungry party to decide how to distribute other people's money. 
          As Thatcher stated, socialism is a great idea until you run out
          of other people's money.  Once the system has been corrupted
          with free crony money, it is difficult to unwind and ascertain
          proper ownership.  A nationalization would most likely result in
          subsequent privatization to the same cronies.
         
          o Politics is a strife of interests masquerading as a contest of
          principles.  Understand that you are self interested, and so is
          every other person including politicians - there is no guru or
          politician that is going to solve all of your problems, that
          is the cult of personality.  They really don't care about you
          and you really don't care about them.  We have very few statesmen
          left with a history of personal sacrifice in duty to their country,
          and have moved from leaders with character to characters as
          leaders.  Congress exempted themselves from insider trading laws,
          so they can legally collude with the money interests.  The money
          interests fund campaigns, so the only two options from the D and
          the R camps are both beholden to the moneyed interests.

    * "A democracy cannot exist as a permanent form of government. It
    can only exist until the majority discovers it can vote itself
    largess out of the public treasury. After that, the majority always
    votes for the candidate promising the most benefits with the result
    the democracy collapses because of the loose fiscal policy ensuing,
    always to be followed by a dictatorship, then a monarchy."  Campaigning
    as santa claus, $250m bridge to nowhere anybody?

As Marc Faber has stated, the central banks have managed to blow a bubble
in just about everything.  A financial system needs a tether to reality
in a world where a quadrillion+ in derivatives could be stretched to the
sun and back many times if it was in dollars laid end to end (truly
astronomical figures).  If Exeters pyramid collapses from a lack of
trust/confidence, then the traditional tether (precious metals) will be
revalued dramatically.  At the same time, I understand gold is just the
default store of value but it is deeply rooted in the psyche from
thousands of years.

The system can be explained to "you", but it can't be understood for "you."
(forgive the sound of that it is not meant to be patronizing for those
in the know).  Let's put the pieces together so we can understand it together.

The original Obama comment that "now would be a good time for long term
investment in the market" could really be useful today for another tell. 
My suggestion is that we let J-Lo leak it on American Idol after her
Superbowl party with Obama. We didn't trust or believe him the first time
as the market tanked for the beginning months of his term.  If we could
trust Bernanke, we could ask "Where do you want us to put our savings for
maximum wealth effect"?  The herds of nervous investors are stampeding back
and forth between asset classes and countries creating uncertainty and
volatility.  Do we buy in at the top, and risk being slaughtered by TBTB?

Artificially supressing gold, silver, VIX, and negative or inverse ETFs
does not reduce uncertainty, it just sucks money from the rational
fundamental investor to insiders and stupid people.  If you see the
correlation between having resources to reproduce offspring, then an
argument could be made that they are promoting a civilization like the
one in the movie Idiocracy where those of low IQ prosper.  Because people
are the lifeblood of the economy and credit is the lifeblood of business,
water and credit have been replaced with "POMO-ADE, the Growth Thirst
Mutilator - Rich in "electronlytes".  Pour it on everything and watch it
grow."

Clearly bonds and cash are poor over the long term, but if they pull
POMO so are equities, as fundamentals do not currently apply.  If they
drive down the price of hard wealth financial assets at the same time
then they are nothing more than financial terrorists slowly suffocating us. 
The bankers have stated in the past to congress, "we will have world
government, the only question is whether it will be by consent or by
conquest".  If you take this stated goal of world government, it might be
useful for the bankers to have everyone poor so they can acquire assets at
pennies on the dollar.  Hungry people that have been kicked out of their
houses do not put up much of a fight.  A tenent of communism is abolition
of private property. We are back to trust and confidence, and in a fiat
system the only thing of value is the statement "In God We Trust" printed
on the note.  For all others we accept gold.  You are right, we are in a
prisoners dilemma.  If we all agree to put our money on the same assets we
could all experience the wealth effect.  Can we trust B.B., does he really
have our back or at the first sign of trouble or needing to corral
Congress will he let equities fall?  The May flash crash was on the day
of a crucial vote in Congress for financial reform, and the debt ceiling
issue is fast approaching.

Savers receive negative real interest while bank credit card interest
rates can exceed 20% and banks are being handed free money through a shell
game.  Living costs are increasing.  11% of homes are vacant, more than 18
million homes and banks won't mark to market since they would have to
record a loss.  Read FDR's statement regarding the loss of trust and
financial theft on Wall Street, and you will see that we are in the exact
same predicament as the Great Depression.  Over the last ten years the
market has lost significant ground when adjusting for inflation, but if
you look at the cash flows you will see that the financial industry (GS,
JPM, MS, etc) siphoned off trillions in pension and 401K fees despite poor
performance.  They own the financial media so don't listen to sell side
analysts, they are all talking their own book (contrarian thinking could
be beneficial here).  Wages are going down for everyone except Wall Street
banking pirate bonuses, it is truly a tail of two cities.  It was the best
of times, it was the worst of times...

Wed, 02/16/2011 - 08:56 | Link to Comment dootyfree
dootyfree's picture

so... your point is what?

Tue, 02/15/2011 - 20:17 | Link to Comment gwar5
gwar5's picture

The Bitchez raised the spending baseline 25% the last two years. Who needs all that shit?

So start cutting by more than 25%  Bitchez!  Get us back before the bank rape nightmare started.

98% of Federal programs don't work anyway. Let private sector take over the functions, if they're needed ,it will happen and be more efficient ---- at no cost to the government.

Tue, 02/15/2011 - 20:21 | Link to Comment tewkatz
tewkatz's picture

Doubling the federal revenue in two years?  Is there any other way than by trade-war and massive import tariffs? 

Oh, and puh-lease, Woodford Reserve...

Tue, 02/15/2011 - 20:22 | Link to Comment ZerOhead
ZerOhead's picture

Actually there is...

100% infaltion!

Tue, 02/15/2011 - 20:24 | Link to Comment gwar5
gwar5's picture

Jack Daniels?  See, that's the problem right there.

Geithner, Reid, Obama or Jokerpuss Pelosi --- don't know Jack.

Tue, 02/15/2011 - 20:25 | Link to Comment Fearless Rick
Fearless Rick's picture

Seriously, Cheney told us that deficits don't matter (easy for him to say, now that he's retired and soon to be dead, we hope), so I think the govt. should just keep spending and trying to tax everyone. They know it's a losing battle, but I like the way it's going. Higher prices for everything, even the stuff I sell that I bought years ago dirt cheap.

Silver should hit $50/oz. by year's end. I saw three pairs of fruit of the loom cotton briefs today at Wal-Mert for $11.99 (on sale). A year ago they were regular price at $8.99. Looks like a brief-less summer for boyz in the hood.

Let the govt. spend more on shit we don't want or need. Stop voting. Fuck 'em. They're just interested in their own perks, so screw them. Egypt had the right plan. Americans are so fucking lazy and stupid. They deserve the government they've got.

Me, I just do my own thing and laugh at all the fools working, wage slaves every one of them.

Tue, 02/15/2011 - 21:35 | Link to Comment New_Meat
New_Meat's picture

hopin' your trust fund survives the coming whatever.

Yours Truly,

- Ned

Tue, 02/15/2011 - 20:27 | Link to Comment NumberNone
NumberNone's picture

Somewhere I must have missed the piles of dead babies that must have been stacking up from a lack of baby formula when our government was running a deficit $1Trillion less 2 years ago.    

Tue, 02/15/2011 - 20:44 | Link to Comment co2010
co2010's picture

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Tue, 02/15/2011 - 20:50 | Link to Comment co2010
co2010's picture

MBT simulates natural conditions for your feet to walk and run farther and longer. The MBT Womens Koshi Sandals Brown do work. MBT writes unbalance for your body and feet so you have to react to receive adapted to it,read more. So,Ive been being amazed what on earth population are thinking come seal MBT shoes Chapa Coffee.From my very bodily perspective outlook, Id consider that for bulk people,MBT shoes and Masai Barefoot Technology immobile remain a high suspect tag in their heads.What what what How how how Indeed, Womens MBT Shoes VOI is a very decorative invention. Karl Mull,who is the inventor,unveiled to us the sighting that had been through stared for hundreds (if not thousands) of years. The sighting is, human feet are not arranged for even ground. For too prolonged have we been walking on bathe, flat and hard grounds. For too prolonged have we been riding horses and buses, or flying. We forgot that we are immobile what we are: vibrant being in the nature.We Womens MBT Sirima Shoe sacrificed ourselves to let go of machines. We sacrificed our feet for aesthetic reasons. We sacrificed our medicinal for convenience.

Tue, 02/15/2011 - 21:46 | Link to Comment Mercury
Mercury's picture

!Ahaaarryafunin' boyoua-ffunndah 13T$$$$$$$$$$$$$$$$$$nnissh *!!#@**/&%$ defautafuckaclasm !!!! 

**thhypth!**

Tue, 02/15/2011 - 21:43 | Link to Comment Caveman93
Caveman93's picture

Ahh yes John Daniel's. Make me wanna fight or fuck. I'll just BTFD and some FAZ while I am at it (hic).

Wed, 02/16/2011 - 00:41 | Link to Comment dark pools of soros
dark pools of soros's picture

stop buying your whiskey at wal-mart

Tue, 02/15/2011 - 23:16 | Link to Comment Sathington Willougby
Sathington Willougby's picture

Draconian would mean penalized by death.

In this case if the death was that of the federal govt, ahh, wouldn't that be a relief.

Wed, 02/16/2011 - 00:40 | Link to Comment dark pools of soros
dark pools of soros's picture

thought he was going to go into a fullon zero-punctuation rant near the end

Wed, 02/16/2011 - 03:19 | Link to Comment cbxer55
cbxer55's picture

I prefer the other Jack, YUKON JACK!  ;-)

Wed, 02/16/2011 - 07:37 | Link to Comment Surly1
Surly1's picture

Meaning the banksters?

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