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John Taylor: "Switzerland, Surrounded Again"

Tyler Durden's picture




 

Switzerland, Surrounded Again
April 29, 2010
By John R. Taylor, Jr.
Chief Investment Officer

In the late 1930’s the Fascist and National Socialist tide rose around the democratic confederation of Switzerland and, with the fall of France in 1940, completely surrounded it until late 1944. A careful reading of Swiss history, as Europe was being swallowed by this right-wing tide, shows a sharp influx in refugees and a dramatic increase in population that burdened the local infrastructure, which was still coping with the rigors of the Depression. There are thousands of anecdotal memoirs of the horrors of those times and the stresses that the Swiss were under. Although the Swiss accepted many, many more were turned away, and for those Jews not accepted their rejection most certainly ended in death.

The story is tragic and the Swiss made harsh decisions when faced with waves of desperate people fighting for their lives. In the end, the Swiss fought hard to retain their freedom as all around them lost theirs, compromising with those that encircled them on the one hand and threatening them on the other. By centering their armies in the mountains, in the national redoubt, and being willing to sacrifice the cities and destroy all the passes and tunnels which were critical to the Germans and Italians, the Swiss held their enemies at bay. Every Swiss city worth its salt has a street named after General Guisan who led the Swiss Army through that war.

World War II was fought over the control of people, whether they lived or died, their philosophical beliefs, and their land. In the end, the Swiss were willing to give up almost everything to not succumb to the National Socialists. Today, the Swiss are in a less stark, but surprisingly similar spot. They are surrounded by another all-encompassing concept: the euro. At first glance this might seem comical, but the German government stands ready to pay very large sums of money to any thief who can produce a list of German account holders at Swiss banks and the Italians are photographing the license plates of all cars crossing into Switzerland to check them against their tax records. Government agents and spies are involved as well. As far as we know there are no deaths in this war, but there are many financial losses, jail terms, and bankruptcies. In the past, the victims were wealthy men and corporations, and the battles had significant moral overtones, but the recent movement toward euro disintegration expands the battlefield, increases the risks astronomically, and will victimize all of western continental Europe, including Switzerland , from the lowliest clerk to the mightiest corporation.

Right now the flood of money attempting to enter Switzerland legally and illegally has caused the euro- Swiss exchange rate to drop from 1.51 in mid-December to 1.4325, where the Swiss National Bank has been the final bid for all euros offered for most of this month. The Swiss added 16 billion euros to their reserves in March and M-2 is growing faster than China ’s. So much money wants to get in that the Swiss are overwhelmed. It might be money not people, but it bears a clear resemblance to 1940.

Most of the world seems to think that the Americans are the ones who do the crazy things, but it is really the Europeans who commit the colossal blunders. Americans are empiricists – they will try anything, but if it doesn’t work they stop doing it. Europeans are thinkers, philosophers. They theorize and analyze brilliantly creating castles in their minds, turning them over and over to perfect them. The tradition starts with Plato, then Machiavelli, and goes through Karl Marx, Nietzsche, and Pareto, to the creators of the euro. Every philosophy can be discredited. It is only when a concept works in the real world over time and is adjusted to fit changing circumstances – like Communism in China – that one can be sure of success. All empiricists know that the euro can not work as constructed, but the Euroleaders will destroy their economies, harming the Swiss as well, until they are forced from power.

h/t Teddy KGB

 

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Fri, 04/30/2010 - 15:07 | 325945 Cognitive Dissonance
Cognitive Dissonance's picture

"Most of the world seems to think that the Americans are the ones who do the crazy things, but it is really the Europeans who commit the colossal blunders. Americans are empiricists – they will try anything, but if it doesn’t work they stop doing it."

We Americans are about to set all time records for doing stupid things. This is only the 2nd inning of an extra innings game. Don't leave before the game ends. I promise you that with regard to the Ponzi, we Americans will never give up until the last printing press produced fiat currency note is pulled from our cold dead hands.

Fri, 04/30/2010 - 15:37 | 325988 i.knoknot
i.knoknot's picture

+10 CD

as holders (printers) of the world's reserve currency we will never have to default - we'll probably piss everyone off that standard first, but we'll never default.

sadly, where america used to lead, we are now "leading by following" and well on our way to following the euro-folk in draconian money tracking. the result is anyone trying to protect their assets is bundled with the drug dealers.

disengage, stay small and wiley, distribute assets, barter... i dunno.

 

Fri, 04/30/2010 - 16:04 | 326026 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Giving paper trail a whole new meaning.

Fri, 04/30/2010 - 16:14 | 326043 Gordon_Gekko
Gordon_Gekko's picture

Buy physical Gold using cash cuz' there is NOTHING ELSE. NOTHING.

Fri, 04/30/2010 - 16:35 | 326087 lucky 81
lucky 81's picture

lets not forget poor man's gold gordo.

Fri, 04/30/2010 - 16:48 | 326111 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I wonder what the Rotheschildes are going to do with theirs?

Fri, 04/30/2010 - 16:52 | 326117 ConfederateH
ConfederateH's picture

i.knoknot, you have nailed it.  TPTB and the one world currency crowd are trying to herd us all into an e-money world where they have complete control over the proles.  One of their big tools is the cry of "fair share of taxes", "tax cheat" and money launderer.

Even most ZH readers are too unsophisticated to understand where this leads.

Just as a side note, Switzerland still allows anonymous numbered accounts and the major banks all have gold exchange windows.

 

Sun, 05/02/2010 - 21:03 | 328450 Jiiins
Jiiins's picture

This is a myth... Switzerland was the first country to refuse anonymous accounts right after 9/11. Today you have no chance to open an account with any bank in Switzerland without filling out the " Form A", stating who the beneficial owner of the assets is.

Everybody know that the best country to launder money is the UK, with the US a close second...

Fri, 04/30/2010 - 16:02 | 326019 WaterWings
WaterWings's picture

Exactly. Our military follows Pareto quite closely: blow up 20% of the brown people and the other 80% will obey.

Unless you are Chumba A. Wamba.

Fri, 04/30/2010 - 16:10 | 326037 i.knoknot
i.knoknot's picture

skip the melanin reference and your point is spot on.

Fri, 04/30/2010 - 16:54 | 326127 WaterWings
WaterWings's picture

Repost: http://vimeo.com/11219730

No one is safe! No one!

Fri, 04/30/2010 - 18:22 | 326271 Augustus
Augustus's picture

Those Rawandans were just wearing extra paint.  then the Darfur people are suffering so at the hands of the butchering whites.  Oh, maybe stopping the North vietnamese would have actually saved some of the 3,000,000 that they ultimately killed.  Mao was just a simple pesant leader who reduced the population to sustainable levels.  Pol Pot was not worth challenging either.  Why attempt to change the murderous ways of thos brown people.  All beliefs are entirely equal in validity.

The absolute nonsense that gets posted here is amazing.  chomsky would be proud of you.

Fri, 04/30/2010 - 21:48 | 326488 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

+1000

Evil American technology kills poor villagers world wide.

AK-47s are not and have never been produced in the USA. The AK47 is the number 1 cause of death by firearms in the world.

Sat, 05/01/2010 - 19:37 | 327347 WaterWings
WaterWings's picture

Hahahackhackha!

And not all the good cheese in the world is produced in the US of A either!

Three junks. Let me guess from who.

Did you get you info from Lord of War? I like Nic Cage movies too.

Fri, 04/30/2010 - 16:10 | 326035 akak
akak's picture

It is a little-known and unrecognized fact that the British colonies that later became the United States were effectively the birthplace of fiat currency in the western world.  For the first time outside of medieval China, this Satan-inspired spawn of banksters was put into widespread use here, with all the attendant deception, corruption, concentration of power and wholesale thievery of one population after another, time after time, in nation after nation, leading to the collapsing fiasco of today.  Congratulations Americans, THIS is your heritage!

We Americans may have given birth to modern fiat currency, but perhaps we can eventually redeem ourselves and be its graveyard as well.

Fri, 04/30/2010 - 16:15 | 326045 i.knoknot
i.knoknot's picture

i believe the original founding documents specified all contracts to be renderd in real gold and/or silver... or at least the government was supposed to do that. the fiat thing happened later.

it certainly pissed the brits off when the colonies struck their own currency.

if you read the federalist letters, they knew the risk, and ultimately trusted in integrity...

at least they got it right when they started the whole thing. been a rough ride since then.

Fri, 04/30/2010 - 16:26 | 326062 akak
akak's picture

No, actually, fiat currency was in widespread if not almost ubiquitous use in the American colonies for over 100 years prior to the American War of Independence.  It was issued and used by every colony, with the various paper issuances suffering variable but inevitable devaluation, some quite severe. 

Then there was the fiasco of the Continental dollar, which was issued by the colonial Continental Congress with no specie backing whatsover, and which was hated and had depreciated by over 99% by the end of the war.

It was the experiences with these fiat currencies that led to the prevalent mistrust and loathing among the Founding Fathers towards fiat currency.  Why they then did not enshrine the prohibition of issuing paper currency in unambiguous terms in the Constitution against the federal government itself remains a mystery to me.

Fri, 04/30/2010 - 16:32 | 326079 i.knoknot
i.knoknot's picture

no argument to the facts you cite.

i concede your point, but defend those who saw the problem and tried to prevent it. they deserve mention.

there are many hard-money references to a few key founders (Jefferson most notably) who, after his estate was decimated by a sour banking 'deal', insisted upon the hard money provisions that were included in the early founding laws.

ironically, those laws have been worth about as much as the paper they were written on...

fiat laws? heh

Fri, 04/30/2010 - 16:35 | 326086 akak
akak's picture

Also ironically, for all his wisdom in other intellectual spheres, Benjamin Franklin was a diehard advocate of fiat currency, and even printed it himself in his own printshop in Philadelphia for the colony of Pennsylvania.  Which once again just goes to prove that insight and intelligence in one profession or pursuit does not necessarily translate into wisdom in another.

Fri, 04/30/2010 - 16:45 | 326107 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I wish to assemble a new America.  One that can see Jefferson's clairvoyance, Washington's bravery, Jackson's diligence, Francklin's wit.  May we salute these men for what they did; no need to forget their short comings, as certainly memory will whisper in our ears.  The time is now, for trial and error is over.

Fri, 04/30/2010 - 16:53 | 326123 i.knoknot
i.knoknot's picture

i dunno akak, i'm thinking, if *i* had a decent printing press right now... :^)

he is reputed to have been a very practical man - maybe mr franklin was more prescient than his peers...

...so long as you're at the *top* of the pyramid scheme...

Fri, 04/30/2010 - 21:47 | 326486 Mercury
Mercury's picture

Hell Franklin probably got the idea from the indians. What is wampum constrained by other than the cost of production?

Sat, 05/01/2010 - 10:28 | 326850 The Alarmist
The Alarmist's picture

But it was John Law, a Scot, who gave the French some of the earliest paper currency.  Between Adam Smith and Law, one finds it difficult to comprehend the Scots.

Fri, 04/30/2010 - 17:04 | 326146 WaterWings
WaterWings's picture

Woah, woah, woah!

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

The "consideration" in a contract can be anything, no?

ultimately trusted in integrity

That was what they didn't trust: human nature. They believed in the freedom of the press to inform the people of corruption and allow the rule of law to remove those that would initiate force or defraud; The Constitution was the best pre-nuptial ever written! 

The Anti-Federalists are the heros in my book: Decentralization and Civil Rights. Alexander Hamilton the Federalist had no loyalty to any state and he didn't hide it.

Fri, 04/30/2010 - 16:40 | 326095 Votewithabullet
Votewithabullet's picture

What fucking drivel." ..for the first time  ... time after time...nation after nation...   perhaps we can REDEEM OURSELVES "??? Did someones mother write this SHIT?

Fri, 04/30/2010 - 16:45 | 326104 akak
akak's picture

Do you have a point to make, or something pertinent to add?  If so, perhaps you would like to do so?

Fri, 04/30/2010 - 16:59 | 326137 Noah Vail
Noah Vail's picture

The first national currency in Europe was Sweden in 1661, but bank notes circulated more than a thousand years before that. So did gold and silver deposit receipts that served as money. So, also, did real bills, which came second after gold receipts as money. The colonies did not have official currencies and used private banknotes instead of heavy money, of which there was very little until western mines opened up in the early 1800's. So to say that the US introduced paper money in the west is not correct.

Fri, 04/30/2010 - 17:08 | 326151 akak
akak's picture

Bills of credit, properly speaking and properly used, were fundamentally not fiat currencies (although there is some academic dispute over this issue --- Rothbard vs. Fekete, etc.).

And yes, the Swedish central bank did issue paper currency in the later 17th century, but only on a limited basis until much later.  In any event, they were preceded by the Massachusetts Bay Colony, among others, who were issuing paper fiat currency in the 1650s, which DID receive widespread use, and which were official currencies issued by the governments of the respective colonies themselves, and not by private banks, which did not exist in the colonies at that time in any case.

Fri, 04/30/2010 - 18:03 | 326241 Willzyx
Willzyx's picture

Maybe paper was so wide spread because gold and silver were a bitch to ship over to new colonies.  Only after we became a real country (also after the Continental dollar) did we need a real currency.  We did ok for a while, until the European central banksters got in to this country.

Fri, 04/30/2010 - 18:27 | 326279 Augustus
Augustus's picture

Chinese had been using paper 'money" for over 1,000 years.  Adopting their method was a good move.  Why ship re carry gold or silver all over a large country at great expense?  Removing the convertibility was the error, not the use of the method.

Sat, 05/01/2010 - 02:44 | 326696 akak
akak's picture

Many sound money advocates would argue (and I would tend to agree) that it is inevitable with ANY paper currency for convertability to be undermined by the issuers and eventually removed altogether.  There is simply too much inherent power and temptation, and too much incentive to cheat, for any such system to work --- at least for any such government-controlled paper currency to work.  I still have some slight hopes that a truly free-market, precious metal-backed currency could exist, but I have doubts even there.

Sun, 05/02/2010 - 01:23 | 327559 Alienated Serf
Alienated Serf's picture

all valid points, but i think the use of paper in colonial 'merika was due to the lack of gold and silver in the eastern united states.  i'm sure we got what we could from the brits, but there simply was not enouth.

Fri, 04/30/2010 - 15:09 | 325948 Carl Marks
Carl Marks's picture

Got drachmas?

Fri, 04/30/2010 - 15:12 | 325953 Mitchman
Mitchman's picture

The Gnomes of Zurich are obviously counting their gold.  They were right in the past and they are right today.

Fri, 04/30/2010 - 15:44 | 325993 B9K9
B9K9's picture

I've been trying to convince my parents to liquidate all of their holdings, convert everything to gold, and physically deposit it & themselves in either Zurich and/or Tel Aviv.

After the dust settles, the only two surviving groups will be those who converted oil to gold (London/Zurich), and those who converted fiat to gold (Zurich/Tel Aviv).

If they're lucky, they could be kept around as amusing pets, but at least they'd still have some meaningful assets.

Fri, 04/30/2010 - 15:54 | 326009 JiangxiDad
JiangxiDad's picture

Could you explain what you mean "oil to gold" (London/Zurich) and "fiat to gold" (Zurich/Tel Aviv)?

 

Also, in this scenario with US in tatters, what's partic. safe about Tel Aviv? Tks.

Fri, 04/30/2010 - 16:33 | 326075 B9K9
B9K9's picture

The oil giants convert to gold and store it in London with Zurich as a back-up. (What, you think they hold $USD? LOL)

Likewise, the banskters convert fiat to gold and store their bullion in Zurich & Tel Aviv. CH is strong, but Israel provides the safe-house due to the Law of Return.

People keep predicting the end for "that shitty little country", but with a mean IQ 1 std deviation above the US average, and more 150s and up walking around the streets carrying Uzis, I wouldn't put it past them to have an effective missile defense system or some other goodies up their sleeves.

The whole world will have to collapse before they go down with us. For what's it worth, I believe Israel is the ultimate safe-haven.

Fri, 04/30/2010 - 17:17 | 326173 WaterWings
WaterWings's picture

The only reason I think you're spot on about Israel is because I read Revelations once a while back and if any of that is true that piece of land ain't gonna see trouble like the rest of the world until the last of the teiglach is gone.

Too bad gold is too heavy to carry to heaven. It's prolly like dirt there anyway.

Fri, 04/30/2010 - 23:57 | 326455 David449420
David449420's picture

A joke in Israel, in 1977. 

"What's the difference between Israel, and Egypt, Jordan, or Syria?"

"Oh, only about 4000 years."

In my 20's I lived there for most of a year, working for the UN.  I did not meet even ONE Israeli, my age or in my generation who was NOT as well educated, or better educated than I was. (Most were BETTER educated)

 I do not agree at all with the directions and decisions of the Israeli Government in these past years. 

But, and this is the essential point, their actions and decisions do not reflect the average Israel citizen, any more that the directions and decisions of the American Government reflect the average American citizen, today.

 

Sat, 05/01/2010 - 19:48 | 327353 WaterWings
WaterWings's picture

Hmm. Very, very interesting point. I worked with an (young, ~20?; living abroad with his father (as a tagalong at the university where I studied)) Israeli and I considered him lazy and a "girl-chaser" (at BYU this is very much looked down upon; BYU and Israel have special connections, hence his father's raison d'etre in Provo, UT), but based on what I remember from his personality I can only assume he wisely took advantage of the available social networks and is experiencing quite a successful career, somewhere. I was impressed overall and enjoyed listening to his views.

If he was average then I believe they truly are as you describe.

Fri, 04/30/2010 - 16:02 | 326022 WaterWings
WaterWings's picture

Jackson Hole

Or hide it in plain sight in DC.

Fri, 04/30/2010 - 17:43 | 326219 Monday1929
Monday1929's picture

You should have more respect for your parents. Amusing pets indeed.

Fri, 04/30/2010 - 15:17 | 325960 Martel
Martel's picture

Perhaps Europeans aren't that much theoricists, but just good old Socialists? It may end some day, but not without blood and tears.

If you Americans are empiricists, it means you'll soon abandon fiat money? Dollar vs. gold after Nixon ending the gold standard can't be branded a success story. So perhaps there's a need to try something new on your side of the pond as well.

Fri, 04/30/2010 - 15:15 | 325961 Calculated_Risk
Calculated_Risk's picture

Movie of the week?

Where's my popcorn?!

Fri, 04/30/2010 - 15:36 | 325985 THE DORK OF CORK
THE DORK OF CORK's picture

Switzerland is not always a inviting place.

www.youtube.com/watch?v=fuA51YP2jsk

Just remember to have a exit plan

 

Fri, 04/30/2010 - 15:24 | 325972 rubearish10
rubearish10's picture

SNB is likely buying Gold and USD vs their debilitating Euro position.

Fri, 04/30/2010 - 15:25 | 325973 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

So the timing devices to blow the bridges are set to when?

Fri, 04/30/2010 - 15:33 | 325980 RobD
RobD's picture

I think I read somewhere that they were not letting the civilian militia keep there arms and or ammo in there homes anymore. They may want to revisit that.

Fri, 04/30/2010 - 15:34 | 325981 chet
chet's picture

Look at all the hoops they make a person go through just to evade taxes these days! It so UNFAAAAIIIIIR!!! 

All I want to do is break the law!  Why is law enforcement all up in my face about it?

Fri, 04/30/2010 - 16:56 | 326020 i.knoknot
i.knoknot's picture

i think i understand the tone of your comment, but it got me thinking... (uh oh)

so... "break the law..."

is that what i'm doing when that law is written by folks who i believe are breaking the law?

hitler (and many others) made murder a legal national policy. if i were a jew who jumped off the train to Auschwitz, i would imagine that i would be re-arrested for breaking their law... and put to death... some law.

as little as i have to protect, the principles are critical.

i am a good working person who believes the current 'lawmakers' are thugs who's laws benefit them more than the society they claim to represent.  but they have the power to protect and increase their power... welcome to the human condition.

the fact that many of these laws blatantly subvert/violate our original founding laws gives me even more comfort in my efforts to evade their crony grip.

i evade them for my own liberty at very little expense to those around me, so i am no loophole criminal doing bad things while spewing "but it's OK because i'm following the letter of the law..."

you can "follow the law" if you like. get on that train if you believe in their law.

i stop at stop-signs, wait in lines, pay for my groceries. i pay my way with integrity and with choice.

i will work to change those 'laws' as much as is rational (hit head on wall again?). but i ultimately will do what's right, not necessarily what's 'legal' as defined by the organism in control.

Fri, 04/30/2010 - 21:25 | 326465 David449420
David449420's picture

Well said.

Sat, 05/01/2010 - 00:15 | 326613 merehuman
merehuman's picture

same here. well said.

Sat, 05/01/2010 - 12:44 | 326998 spekulatn
spekulatn's picture

PLUS 13 trillion and counting.

Well said notknoker!

Sat, 05/01/2010 - 12:50 | 327008 Crazymike
Crazymike's picture

Word

Fri, 04/30/2010 - 15:40 | 325991 rubearish10
rubearish10's picture

Hey off topic here but... Where's Harry Wanker???

Fri, 04/30/2010 - 15:43 | 325995 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Either it is akak hound doggin' him to death or he got the memo.

Fri, 04/30/2010 - 15:51 | 326003 rubearish10
rubearish10's picture

Works for me. What a schmegegger!

Fri, 04/30/2010 - 15:55 | 326011 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I was going to ask if that term was a combination of Schwarzenegger+Merkel, but then I looked it up.

Fri, 04/30/2010 - 15:58 | 326016 rubearish10
rubearish10's picture

Good one. Let's just say the word double meaning.

Fri, 04/30/2010 - 16:07 | 326034 WaterWings
WaterWings's picture

HakakWanger

Fri, 04/30/2010 - 16:04 | 326021 B9K9
B9K9's picture

First of all, I believe the correct spelling is Hairy Wanker.

Secondly, he is actually right. That is, there's a 4 phase process:

  1. Maximise private debt leverage - go long. Utilize code words like "real estate never goes down", "get in now or be priced out", etc. to stampede the herd.
  2. Collapse/short after it reaches terminal point (circa 2007).
  3. Transfer credit creation (money printing) process to public sector - go long. Utilize codes words like "Keynesian policy", "stimulus", "save the system", etc to pacify* the herd.
  4. Collapse/short after maximum debt saturation occurs.

Right now, we're nearing the end of stage #3. We will know the last act is about to begin when the MSM begins to focus public attention on the reality of our situation. That will mean that the power-elite have completed placing their appropriate shorts in order to maximize returns on the final parabolic blow-off.

* I question why the effect certain codes words, such as Keynes, have on general public demenor seemingly does not warrant sufficient attention. Consider the usefulness of Nazi guards handing out painted blocks of wood as the Jews were led to the "showers". Why go through the charade? Why, to ensure maximum efficiency.

Likewise, the power-elite can't come out and say "Nanner nanner, we're gonna screw you over like you've never been screwed before and like it!" If they did, there would be panic in the streets. So, instead, we get this constant parade of bullshit propaganda that keeps the herd safely penned until the stun-bolt gun is delivered to their collective noggins.

Fri, 04/30/2010 - 16:06 | 326030 WaterWings
WaterWings's picture

I think akak sits next to Hairy. Donuts every morning with J. Napolitano.

Fri, 04/30/2010 - 16:16 | 326048 akak
akak's picture

Bite your tongue!

Actually, we get together with Bennie B and Tiny Tim over at the Georgetown Denny's.

Their 'Keynes Grand Slam' plate is the bomb --- more than you can eat for more than you can pay!

Fri, 04/30/2010 - 16:20 | 326056 i.knoknot
i.knoknot's picture

classic!

Fri, 04/30/2010 - 16:42 | 326094 akak
akak's picture

PS: FYI, one can only purchase the 'Keynes Grand slam' plate on credit.  But don't let the vague and opaque terms of the deal get in the way of enjoying such an orgy today!  Sure, it contains 16,500 calories, 1265 grams of fat and 635 grams of cholesterol, but what the hell, in the long run we're all dead anyway.

Go ahead: feed your animal spirits!

Fri, 04/30/2010 - 17:20 | 326181 WaterWings
WaterWings's picture

LOL

Too bad you can't hyperinflate your stomach. Not that English speaker don't try. 

Fri, 04/30/2010 - 16:17 | 326051 rubearish10
rubearish10's picture

Yeah, his full name is "Hairy "Wet Canker" Wanker.

Would have bought into the the stage theory you spelled out except there were no naked "pole dancers". That would have brought me into the fray no matter what stage.. Instead, I'd rather lurk in the alley and wait before going in for the kill. Too complicated to follow and didn't fit in w/MSM compliant boob heads 'nor was I smart enough to go along and play. Must have been watching pole dancers on my "closed circuit" TV. Oh well, we all should be prepared now anyway assuming your right about impending stage #3. YO!

Fri, 04/30/2010 - 17:13 | 326168 Pure Evil
Pure Evil's picture

He'll be back. As soon as the market stops tanking, he'll be back enlightening us with his infinite knowledge about about market resistance and upside and what such not.

Fri, 04/30/2010 - 21:48 | 326475 David449420
David449420's picture

Actually, I think he'll be back on Monday.  Low paid, Gov't shill's only work Monday to Friday, 8 to 5.  They don't qualify for overtime, you see, so you pretty much know when to expect him next.

Sun, 05/02/2010 - 01:30 | 327560 Alienated Serf
Alienated Serf's picture

i'm thinkin e-trade schill

Fri, 04/30/2010 - 15:58 | 326014 Segestan
Segestan's picture

The re-telling of History in this article is sheer propaganda. WWII was a struggle over the spread of Marxism  in it's war against the attempt of rebuilding the Holy Roman Empire . It was fought over the control of usury,  under cloaked and dagger ,  the idealism of Judaic Marxism.

Fri, 04/30/2010 - 16:07 | 326031 i.knoknot
i.knoknot's picture

i think that was a convenient (albeit important to the participants) side effect of what was ultimately an economic endeavor.

while often a symbiotic relationship, i believe economics will trump theology 99.9% of the time.

Fri, 04/30/2010 - 16:17 | 326036 Segestan
Segestan's picture

True.. it was at it's core purely financial. But never under estimate the power of institutional indoctrination, be that religion or government.

Fri, 04/30/2010 - 16:23 | 326060 Recovery3000
Recovery3000's picture

Fascists believed in the ownership of corporations and social engineering through eugenics more in line with left wing Marxists.  It drive me crazy when people smear the anti-government right wing with maniacal control freaks.

Fri, 04/30/2010 - 17:27 | 326192 Pure Evil
Pure Evil's picture

Yes it's amazing how you can be a socialist, as in National Socialist, and still be a right winger.

We seem to forget that Nazi stood for National Socialist German Workers Party.

If we use the words of the left and deconstruct the phrase we can see that it is meant to imply an amalgamation of all ideological thought.

Nationalist includes: capitalist, militarist, right wingers, etc.

Socialist includes: liberal democrats, socialists, unionists, moderate left wingers, etc

Workers Party includes: communists, hard left socialists and their ilk

All the Nazis did was to combine all political ideologies under one party.

So to leave off the German Workers Party from National Socialist and call the whole thing right wing is ridiculous.

Under Stalin and Mao, the communists were militarists, so does that make them right wingers because the wanted to spread communisim all over the world, by force if necessary.

Fascism is just the grandfather of Nazism with Socialism as its mother. Its one hell of an incestuous relationship. Only the Greeks could sort it out.

Sat, 05/01/2010 - 02:00 | 326677 AnAnonymous
AnAnonymous's picture

What you pinpoint  is the impossibility to delineate different labels all around the world.

They dont mean the same all around the world and give relative positions of each faction compared to the others.

Or if people provide strict definitions, they end with people being more or less each of the labels.

Another failure in the so called universal project led by the US. The more days pass by, the more the US reveal itself as tribal.

Sun, 05/02/2010 - 02:09 | 327573 Alienated Serf
Alienated Serf's picture

 

exaclty anan; for example the use of the term Liberal.  in this country it mean barney frank, gov, the cousin of socialism.  In europe it is used to describe free marketeers,  laissez-faire economics, capitalism and Adam Smith.

People need to stop using labels/buzzwords and just explain what they mean (esp on a msg board where context can be hard to devine).

As for as domestically words are used for each group to hear their little buzzword repeated so they can cheer for it.  Drill Baby Drill.  Chicken in every pot.  Compasionate conservative. etc.

Fri, 04/30/2010 - 16:23 | 326063 i.knoknot
i.knoknot's picture

interesting the parallels between today's MSM and the 19th/20th century vatican.

they seems to control all of the pulpits... how convenient.

and that symbiosis i mention above was more than handy - it was/is necessary for long-term economic->theologic survival.

Sat, 05/01/2010 - 08:09 | 326783 OdinsBeard
OdinsBeard's picture

If you think the Vatican's control has in any way diminshed, you may be optimistic!  Rome's influence has not waned over the past 65 years - it has infact grown - may be not in the numbers of attendees at mass, but in the number of government officials, presidents and bureaucrats/eurocrats under her control...

Sun, 05/02/2010 - 02:10 | 327575 Alienated Serf
Alienated Serf's picture

and holdings of gold.

Fri, 04/30/2010 - 16:07 | 326033 AnAnonymous
AnAnonymous's picture

A rewriting for another...

Fri, 04/30/2010 - 16:39 | 326093 desgust
desgust's picture

+1

Sun, 05/02/2010 - 01:59 | 327568 Alienated Serf
Alienated Serf's picture

 dlt

Sun, 05/02/2010 - 01:58 | 327570 Alienated Serf
Alienated Serf's picture

segestan, it was about gold you buffoon.  the versailles penalties eviscerated germany's reserves, led to hyperinflation.  the german central bank under Schacht stabilized the internal economy with the Rentenmark which was backed by land and mortgages.  these were not allowed to be used for intenatonal payment transfers.  so you need gold for international trade that you need to obtain natural resources, what is one to do?  maybe find a domestic minority group with gold, first take it by stripping citizenship and siezing assets, then kill them and take it from their teeth.  but that was not going to get the gold you need to get oil, etc, so you invade countries and sieze their reserves. 

WW2 was the hugest gold grab in human history. 

money beats idiology and day of the week.

hitler was known for sending homosexuals to the camps, but his right hand man in the SA, Ernst Röhm was a flagrant homosexual, and the SA was full oh blatant homosexuals.  Hitler had no problem with this and ignored protests from his cohorts about it.  But when Röhm got out of hand and was not obediant enough, he had him killed and homosexuals decalred enemies of the state.  prior to that hitler had no problem with it.

gold over idealogy.  history, learn some.

Fri, 04/30/2010 - 16:04 | 326025 ConfederateH
ConfederateH's picture

As Kipling wrote "If you son can keep your head while all around you are losing theirs and blaming it on you, then you will be a man".

Switzerland is the strongest democracy on the planet, bar none.  When all of Europe was clamoring to get into the EU and join the Euro, only Switzerland had a democracy strong enough to resist the one world global warming bullshit.  The majority of PC politicians described in detrail the rainbows and unicorns that would appear if only Swiss would vote to join too.  Yet the Swiss people resisted.

As to all you hipocrits baaaaing about tax evasion, why don't you just stop acting like socialists and stop trying to spend other peoples money.




Fri, 04/30/2010 - 16:12 | 326042 ConfederateH
ConfederateH's picture

As Kipling wrote "If you son can keep your head while all around you are losing theirs and blaming it on you, then you will be a man".

Switzerland is the strongest democracy on the planet, bar none.  When all of Europe was clamoring to get into the EU and join the Euro, only Switzerland had a democracy strong enough to resist the one world global warming bullshit.  The majority of PC politicians described in detrail the rainbows and unicorns that would appear if only Swiss would vote to join too.  Yet the Swiss people resisted.

As to all you hipocrits baaaaing about tax evasion, why don't you just stop acting like socialists and stop trying to spend other peoples money.




Fri, 04/30/2010 - 16:21 | 326058 Segestan
Segestan's picture

As to all you hipocrits baaaaing about tax evasion, why don't you just stop acting like socialists and stop trying to spend other peoples money.

  Thats right.... but you see the weak like to feel equal. They need attention , and if you're moral , understanding, you'll Give them you'res.

Fri, 04/30/2010 - 16:30 | 326078 akak
akak's picture

"Give unto Caesar that which is Caesar's", eh?

What happens when Caesar begins to claim that virtually EVERYTHING in your posession is "Caesar's"?

Fri, 04/30/2010 - 16:49 | 326115 Segestan
Segestan's picture

Oh thats coming, and so would then a counter revolution. Thats why this time they want only the weak to possess, translation a weak revolution ensues.

Sat, 05/01/2010 - 09:54 | 326052 CD
CD's picture

Duplicate removed

Fri, 04/30/2010 - 16:18 | 326053 CD
CD's picture

Amusing note on the population (as well as asset) transfer from US to Zurich (and other places deemed 'safer'):

http://www.nytimes.com/2010/04/26/us/26expat.html?pagewanted=print

Canaries? Rats? Victims? In any case, I wonder about the numbers leaving. ~700 or so a year isn't very quick, even if it doubles every year.

Sat, 05/01/2010 - 10:37 | 326858 The Alarmist
The Alarmist's picture

Ever wonder how it might have felt to stand on the Titanic and wonder why everyone was panicking ... After all, it's the worlds safest ship, and even if it founders, there are plenty of lifeboats ...  Well, the lifeboats fill quickly and the latecomers end up swimming.

Fri, 04/30/2010 - 16:28 | 326066 nonclaim
nonclaim's picture

Mr Taylor, CIO, I hope you know more about your trade then you know about philosophy because of the last you come across as ignorant and wrong as any one can be. Other than that the article is good.

Fri, 04/30/2010 - 17:36 | 326204 Mitchman
Mitchman's picture

+10!

Sat, 05/01/2010 - 06:42 | 326764 GFORCE
GFORCE's picture

Mr Taylor knows about his trade. Don't worry about that.

Fri, 04/30/2010 - 16:41 | 326099 carbonmutant
carbonmutant's picture

Are the Swiss buying $Dollars with their excess Euros ?

 

Fri, 04/30/2010 - 22:02 | 326494 Mercury
Mercury's picture

I for one don't understand why the Swiss are putting up with so much shit. Take your demands for bank client transparency and shove it I'd say.  The Swiss have a strong currency a strong state and their neutrality and discretion are national treasures.  What have they gained exactly by giving up account names and numbers?

Fantastic, short  (and funny) book on the Swiss citizen army:

http://www.amazon.com/Place-Concorde-Suisse-John-McPhee/dp/0374519323/re...

Sat, 05/01/2010 - 00:28 | 326626 Kreditanstalt
Kreditanstalt's picture

I have a GOLDEN SWITZERLAND in my safety deposit boxes...anyone can do this & you don't have to be rich and famous.  Complete anonymity too.

Sat, 05/01/2010 - 12:47 | 327002 Crazymike
Crazymike's picture

Uncle Sugar wants to make that go away REAL soon...

Sun, 05/02/2010 - 00:35 | 327530 Grand Supercycle
Grand Supercycle's picture

 

 

DOW chart shows an expanding wedge indicating a significant move is probable.

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