John Taylor's Must Read Op-Ed Calling For The Great Reset

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Thu, 07/21/2011 - 09:48 | 1476826 rajat_bhatia
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The Hope, Bitchez!!!

Thu, 07/21/2011 - 09:55 | 1476863 Clueless Economist
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Anyone see Bwaney Fwank on CNBS say with spittle shooting from his fat face that "In fact I have ALWAYS been in favor of poor people renting"

Wow that lisping creep can really lie!

Thu, 07/21/2011 - 10:03 | 1476905 Sofa King
Sofa King's picture

...that's not spittle.

Thu, 07/21/2011 - 10:16 | 1476953 gmrpeabody
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Hoff n' mouth?

Thu, 07/21/2011 - 10:39 | 1477063 augie
augie's picture

more like seamen in mouth. 

Thu, 07/21/2011 - 11:01 | 1477133 eisley79
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Decent article, but full of false assumptions.

The 80s and 90s were an illusion of wealth creation and growth.  The 70s  was never fixed, it was hidden.  Through deregulation, futures, derivatives, and globalization/free trade, they managed to bury the problems, and move inflation from consumer goods into the markets.  What we now face is the final end game.  Everything from the 70s until now, all balled up into one mighty hammer, just waiting to come down.

Slave labour through free trade, pulling wealth from the future through financial "wizardry", and massive manipulations.  That is the real source of his so called 80s and 90s.

You can only game reality for so long, eventually the truth, and valid market forces will prevail.  The Great Depression 2 will come, regardless of how long they can keep the music going, eventually it will come.  2008 is nothing.  The first little tremor, the real earthquakes are yet to come.

So get out of debt, get into real assets, and make sure you have control of what you own.  When the SHTF, buy while everyone else is selling, and you will be well placed for the next century of true growth, and a return to an actual physical economy.

Thu, 07/21/2011 - 11:24 | 1477232 Animal Cracker
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I would add the assumption that this is a problem that TPTB want to fix rather than a changeover that they are trying to manage.

Thu, 07/21/2011 - 13:12 | 1477701 MacGruber
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Agreed, the elite have just spent the last several decades finding new ways to wring economic growth out of an ever increasingly dry sponge. There was an era back around the industrial revolution where the U.S. had real productive growth, but ever since it has been an act of robbing Peter to pay Paul. Unfortunately the hope would be that the elites would pay for their malfeasance alongside the other members of the global society but I have a growing suspicion that that will never happen; no reset. Just an endless period of “transient” high unemployment and general shittiness for the average person.

Thu, 07/21/2011 - 11:16 | 1477193 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

You mean a seaman's semen?



Thu, 07/21/2011 - 17:14 | 1478722 BigJim
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Seaman's semen? This is Barney Frank we're talking about. Seamen's semen it is.

Thu, 07/21/2011 - 10:06 | 1476921 Clowns on Acid
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Barney "he made me bite the pillow" Frank is a delusional, left wing facsist, which is weird regarding how fascists in the past have dealt with bow ties like him, is strange.

He and his ilk regard truth and untruth as the same thing.

Barney will never be the man his mother was.

Thu, 07/21/2011 - 10:18 | 1476963 CAUSE_EFFECT
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"Just a little spittle in your eye before you die! 

The Barron Harkonen - Dune

Thu, 07/21/2011 - 13:35 | 1477790 augie
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Thu, 07/21/2011 - 10:38 | 1477060 curbyourrisk
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Hey C.E.:


To me it always sounds like he has something in his mouth when talking.....  His mother apparently never taught him to never talk with your moth full of banker cock. 

Thu, 07/21/2011 - 11:21 | 1477212 Marty Rothbard
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I've always found homosexuals of Barney's generation, to be predisposed towards lying, at every opportunity.  Thats probably one reason that there are so many that are politicians.  I suspect that covering up their homosexuality during their formative years, formed lasting habits.  I can remember, as a kid, in the sixties, reading about guys being arrested in "gay" stings, and imprisoned, sort of like you hear about child molesters now, so you really can't blame them for the cover up.  It seems like they would wise up to such easily provable lies as Barney's.  Those subcommitee hearings come back to haunt you.  On the other hand, maybe he advocates poor people renting, as well as signing mortgages they can't possibly pay off.

    I don't find it to be true of people born after social approbation ended, and condemners of homosexuality began to be prortrayed as bigots, rather than as being morally upright.  However, the self deception of believing that socialism works, comes very easy to them.  Even the ones who have seen it fail again, and again.

     Oddly enough, I've never knowingly met a homosexual, who belonged to the Austrian school of economics, or the libertarian party.  Met tons that are Democrats though.

Thu, 07/21/2011 - 15:27 | 1478317 Dr. Acula
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>I've never knowingly met a homosexual, who belonged to the Austrian school of economics, or the libertarian party.  Met tons that are Democrats though.

Gay Austrians (no I'm not talking about Bruno) exist, you just need to meet more people.

I was able to nudge a young gay man from the Bush/Palin camp over to Ron Paul and some Rothbardian views over a couple of years. Gave him a copy of Hazlitt too.

Thu, 07/21/2011 - 17:16 | 1478731 BigJim
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'Nudge', huh?

Wink wink, say no more... ;-)

Fri, 07/22/2011 - 15:51 | 1482184 Marty Rothbard
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Like I said, knowingly.  

Thu, 07/21/2011 - 09:49 | 1476831 Stoploss
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Load your shorts. Im showing 10 points.

Thu, 07/21/2011 - 09:49 | 1476833 bill1102inf
bill1102inf's picture

There will be no reset. Only more enslavement. As the rich get richer and the poor get poorer.  

Thu, 07/21/2011 - 10:01 | 1476895 Quixote
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CPL might disagree with you.

Thu, 07/21/2011 - 12:31 | 1477472 Syrin
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What does CPL stand for?

Thu, 07/21/2011 - 09:50 | 1476836 Stoploss
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Futures at 1328.S&P 1337

Thu, 07/21/2011 - 09:57 | 1476866 qussl3
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So im not the only one that sees this.

Beginning to think im going nuts.

What kinda whacked out shit is this?

Thu, 07/21/2011 - 10:07 | 1476924 Stoploss
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A running risk spread.


And risk just backed off to 1333

Thu, 07/21/2011 - 10:13 | 1476941 Stoploss
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Look at the currencies on finviz or whereever you can see them all.


When you see this, green currencies and green gold and silver.

That spread will close to the downside, shorts win.


Thu, 07/21/2011 - 09:50 | 1476837 deez nutz
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is this guy for real? the late 80's saw the start of the "import nation" and the 90's began the period of credit expansion (see: Greenspan).  Stimulas were just "sugar pumps" to hide the damages already being done to the economy. 

Thu, 07/21/2011 - 09:58 | 1476880 kito
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agreed. this guy is delusional if he thinks reagan bush clinton were eras of non-intervention. what a crock of shit. this country's trajectory to implosion has been marked since the the end of the gold standard in the 70s. plain and simple.

Thu, 07/21/2011 - 10:08 | 1476927 Bicycle Repairman
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this country's regression to its natural economic level has been marked since the the end of WWII. plain and simple.

We need to get Europe and Asia to blow each other up, or we're going to have to work for a living.

Thu, 07/21/2011 - 11:21 | 1477215 MachoMan
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+1 for being succinct.

Thu, 07/21/2011 - 11:48 | 1477317 DrunkenMonkey
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Astutely put, sir.

Thu, 07/21/2011 - 10:09 | 1476930 Stoploss
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Thank you. Dead nuts spot on. kito

Thu, 07/21/2011 - 10:18 | 1476935 Dr. Richard Head
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Agreed.  From Nixon on, the Thrown of the President was nothing more than shifting chairs on the Titanic, while placating the public with subversive debt. Prior to 1971, was consumer credit even an option?  How about student loans that couldn’t be discharged?  Shit, 30-year mortgages back in the 60’s?  Are you kidding me?


The false perception of wealth with the onset of debt is what transitioned the populace into volunteering themselves for indentured servitude, because instant gratification was the aim of the American Dream.  George Carlin said it best, “The reason they call it the American Dream is because you have to be asleep to believe it.”


I am a 33-year-old male.  The last generation that understood the subversive nature of government monopoly control over money was my grandparent’s generation.  I remember the silver coins she would insist on us kids holding onto and never understood a damn word of it, until now.  Granted, that particular generation was placated by Social Security and Medicare.  These were the breads of the bread and circuses that were enough for that generation to shut their pie holes and let their children watch the idiot box.  The downhill slope seems to have moved toward the cliff over the past two generations, including mine.  Now it is time for my generation to not submit, fight the whole way, and subvert the financial system in order to force the reset. 


I am doing my part, are you?

Thu, 07/21/2011 - 10:22 | 1476981 gmrpeabody
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Thu, 07/21/2011 - 10:49 | 1477095 cocoablini
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The 70s recession was caused by the winddown of the Vietnam war and the gold standard removal.
Reagan came in and recreated the war economy, but fought no wars. We just blew wad on Star Wars and running the USSR into the ground by outprinting them. The debt exploded under Reagan, but the money printing was handed over to private industry as opposed to social "good."
Whenever you are in an economic slump, the war economy was the best way out- something Carter couldn't do.
The Reagan- Bush- Clinton years were all about money printing and bubbles just like previous administrations. Bush1 just happened to suffer the unwind of the USSR and military industrial complex. Plus the SL implosion.
John Taylor is fucking dreaming if he thinks these years were free market. Its just a cycle.

Thu, 07/21/2011 - 17:26 | 1478771 BigJim
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Whenever you are in an economic slump, the war economy was the best way out

Yeah, right, because England, Germany and France during and post-war were always less wealthy before they started killing each other.

Ask yourself this - how do countries get richer by having thousands (millions?) of their most productive citizens downing tools in productive industry producing consumer goods, and going off killing each other for a few years while destroying countries' housing and factory stock, and blowing up expensive military hardware?

Answer: they don't get richer thus. I suggest you research 'The Broken Window' fallacy.

Thu, 07/21/2011 - 09:51 | 1476839 bill1102inf
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What? Half the country just got laid off?!?! +200 Dow, +20SP500 !!!! GO GO GO !!!!

Thu, 07/21/2011 - 10:00 | 1476842 hedgeless_horseman
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The harmful interventionist policies of the 1970s were supported by Democrats and Republicans can be the restoration of less interventionist policy going forward.


And thus, those very same politicians that have enslaved us in debt will become our saviors, never to face ANY retribution.

Thu, 07/21/2011 - 10:02 | 1476898 francis_sawyer
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don't you love it how, in monopoly (& real life too, I suppose)... The same "banker" is both the banker & the one getting out of jail free...

Thu, 07/21/2011 - 10:04 | 1476909 I Am The Unknow...
I Am The Unknown Comic's picture

Do those kneepads come with the card?

Thu, 07/21/2011 - 09:52 | 1476846 gmcniff
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did not see the word "gold" once in the editorial

Thu, 07/21/2011 - 09:57 | 1476874 papaswamp
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Can't say gold...that collapses any remaining confidence in the dollar. If Ben had said yes gold is money the dollar would have collapsed.

Thu, 07/21/2011 - 09:53 | 1476847 Bicycle Repairman
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John assumes that the people who run things see a healthy economy as the goal.

Thu, 07/21/2011 - 09:54 | 1476851 buzzsaw99
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+1 this whole thing was no accident.

Thu, 07/21/2011 - 10:25 | 1477002 Dr. Richard Head
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Indeed, but the population, including myself up till 2008, was complicit in the whole thing.  No one could say no to easy credit to get the luxury car, the big house, big screen tv, riding mowers, etc.  In our quest for "wealth" through material goods, we willingly accumulated debt that was freely legislated and granted, out of thin air, by the politicians and the banks respectively.  They made it so easy so that we would volunteer for the ovens. 

No more for me, no more for my family, and no more for many of us here.  The battle line is easily seen and we can collapse this travesty of a mockery of a sham.  If we no longer take part in the debt creation, do not play with the banks, and invest in PMs, the reset will be under our control and the guillotines will be well oiled. 

Thu, 07/21/2011 - 12:25 | 1477451 gdogus erectus
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Same timing for me.  Question:  Are you still married?

Thu, 07/21/2011 - 13:04 | 1477656 Mariposa de Oro
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They made it so easy so that we would volunteer for the ovens.

Very true.  The middle class was set up for failure.  We are not in this place by accident.  I hear many people say that the politicians are 'stupid'.  I always ask how the most stupid of people have managed to rise to the highest levels of governmental and financial power.  I have yet to get an intelligent answer.  Mostly I just get a blank stare. 

I've always enjoyed your posts.  I must admit I thought you were much older than 33.  You give me hope for the future.  Most people in your age group are clueless.

Thu, 07/21/2011 - 16:37 | 1478616 DeadFinks
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The middle class was set up to produce for its masters.  It's always about how manage those in the yoke.  The "stuff " is peanuts to keep the masses complacent.

Thu, 07/21/2011 - 10:01 | 1476894 Esso
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Pretty smart for a mechanic, BR.

Thu, 07/21/2011 - 10:10 | 1476934 unununium
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+21M bitcoins

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