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Krieger On Peak Government

Tyler Durden's picture




 

From Michael Krieger of KAM LP

Peak Government

All quotes below are taken from a Bernank paper written in 1999 titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?”

Although it is not essential to the arguments I want to make—-which concern what monetary policy should do now, not what it has done in the past—-I tend to agree with the conventional wisdom that attributes much of Japan’s current dilemma to exceptionally poor monetary policy-making over the past fifteen years.

Indeed, as I will discuss, I believe that a policy of aggressive depreciation of the yen would by itself probably suffice to get the Japanese economy moving again.

On the issue of announcement effects, theory and practice suggest that “cheap talk” can in fact sometimes affect expectations, particularly when there is no conflict between what a “player” announces and that player’s incentives.

Suppose that the yen depreciation strategy is tried but fails to raise aggregate demand and prices sufficiently, perhaps because at some point Japan’s trading partners do object to further falls in the yen. An alternative strategy, which does not rely at all on trade diversion, is money-financed transfers to domestic households—-the real-life equivalent of that hoary thought experiment, the “helicopter drop” of newly printed money.

Franklin D. Roosevelt was elected President of the United States in 1932 with the mandate to get the country out of the Depression. In the end, the most effective actions he took were the same that Japan needs to take—-namely, rehabilitation of the banking system and devaluation of the currency to promote monetary easing. But Roosevelt’s specific policy actions were, I think, less important than his willingness to be aggressive and to experiment—-in short, to do whatever was necessary to get the country moving again. Many of his policies did not work as intended, but in the end FDR deserves great credit for having the courage to abandon failed paradigms and to do what needed to be done.

What Did You do Tuesday Night?

Well you probably had a lot more fun than I did.  I spent part of the later hours of the evening reading a paper written by The Bernank in 1999 titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?”  While I have never doubted for a second that this man will print the dollar into oblivion, I have been shocked by the amount of players in the market that have fallen for what I like to call the “Bernank Bluff,” which simply is my view that he needs cover to print more and therefore will tell the market he is going to stop while QE2 is still in action so that he can push undesirable asset price inflation down (commodities) while continuing to print!  I went and read this paper to confirm what I already knew about this man.  Namely, that he is an extremely dangerous psychopath who believes proper monetary policy can save the world from all ills and he is the superman that will implement the appropriate policies for the first time in history.  This is how he sees himself.  In reality, he is nothing more than a parlor magician brainwashed by his own bullshit and who is doing nothing novel, but rather the same thing all bankrupt governments have done since the beginning of time.  He is merely printing money and causing devastating inflation, yet he seems to think he is the first person to come up with this idea! 

As you can see from the first quote above, he basically blames Japan’s woes on bad monetary policy.  He doesn’t take into account the prior booms and bubbles and amazingly can’t seem to comprehend Newton’s third law of physics that each action has an equal and opposite reaction.  But indeed it is this simple inability to understand the basic laws of the universe that has poisoned the economics profession around the world and has spread to the thinking of governments.  This faulty Keynesian religion is exactly why our politicians believe in this preposterous notion of the higher the nominal GDP growth the better and makes them think they can take on infinite amounts of debt with no consequences.  Remember this is the same man who also blames the entire Great Depression on monetary policy failures.  He probably thinks bad monetary policy caused the Japanese tsunami.  The reason this man is so dangerous is he really believes his own crap.  He really does think he has figured it out.  Just like the guy that comes up with a “system” to beat the casino.  Unfortunately for The Bernank, the house always wins and he will go home just as penniless and discredited as that poor sap after his intellectual pockets are emptied out.  Except unlike the gambler the whole world will witness The Bernank crash and burn and it will be written about for centuries to come.

Ok, so back to the speech.  As you can see in third quote above The Bernank talks about how “cheap talk” can be used successfully by Central Bankers.  This is KEY.  This is exactly what these bozos are doing when they say no more QE.  It is a boldfaced lie and they know it.  People in the markets will believe anything.  Do investors do any critical thinking anymore?  Next, in quote four he discusses how basically Centrals Banks can directly or indirectly just give money to households.  Is this the form QE3 will take?  It will be interesting to think about.  Or maybe that is QE4.  In any event, both are coming whether disguised as something else or not. 

Finally, there is the last quote and this is a real winner.  He basically shows all his true colors.  He cheers FDR as some sort of god when in reality the U.S. NEVER got out of the depression in the 1930’s and in fact stagnated as a result of this polices like the 1933 confiscation of the American people’s gold (money).  This is the key.  He singles out the one president in American history that CONFISCATED THE PEOPLE’S MONEY.  The Bernank is a fascist and he is confiscating your money right here right now by slaughtering the purchasing power of the dollar right under your nose.  Baaaah.

So What is Bill Gross Talking About?  

So the biggest bond guy on the planet, the same guy that has repeatedly been saying there won’t be QE3 apparently “tweets” that the Fed could actually move to rate caps on 2-3 year treasuries which is actually QE to infinity (as predicted by me and many others).  So why would he tweet this rather than just wait until his next monthly letter?  Well he is a pretty connected guy and there is a Fed meeting next week.  He also isn’t the type of fellow that likes to look like a fool in public so clearly he wanted to put this “out there” so he is seen as on top of things.  While many people are talking about this, people don’t seem to be getting the joke.  If this is indeed the Fed’s next step, it is a game changer beyond game changers.  First of all it would mean a policy to print infinite money if necessary without having to announced further rounds of QE.  Even more importantly, I am willing to bet that wherever the Fed announces a rate cap along the curve will be exactly where the Chinese holdings of treasuries are situated.  The Chinese probably told Tiny Timmy Geithner and The Bernank that they want out and this would guarantee them an out at the highs!  It’s brilliant.  Plus, with the terms of trade going against China and other Asian nations as a result of higher commodity prices, this will provide much need cash to then go buy up resources all over the world.  This would make commodity prices absolutely explode through the roof as China would without a doubt use a lot of this money to buy the necessities of life and then subsidize them at home to quell unrest.  How is no one talking about this!

Peak Government

While I spend a lot of time highlighting TPTB’s plan to form a world government, currency and central bank that doesn’t mean I think they will succeed.  In fact, just as Wall Street played their hand too aggressively after being bailed out and are now going to go down for the count this round, The Powers That Be have also played their hand way too aggressively and not only will their dream of planetary control through a global fiat money system run by them completely fail, but their policies will fail so spectacularly and publicly that it will lead to what I call ”peak government.”  Governments right at the moment are as big as they will ever be in our lifetimes.  This is in my opinion a great thing for humanity and freedom but the transition to more localized rule of law will be tricky.  We must be rational and help the sheep out as their world crumbles around them.  They will be scared and looking for mommy.  Governments won’t be in a position to help so we will need to do the heavy lifting.

Peace and wisdom,
Mike

 

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Thu, 06/16/2011 - 14:38 | 1375328 TruthInSunshine
TruthInSunshine's picture

If you see something, say something.

Help bring the confused & dazed sheeple, who can't reconcile what they're reading, hearing and being told with what they're seeing with their eyes around them.

These are trying times for sheeple.

Bring them to the side of light, goodness, morality & Ludwig von Mises.

If you see them, say something:

 

http://farm1.static.flickr.com/27/100874288_a5ff91b322.jpg

Thu, 06/16/2011 - 14:47 | 1375384 nope-1004
nope-1004's picture

Good stuff Mike.  As always, greatly appreciated.  Your views are clear and to the point.  You're absolutely right.  Benocide is a total psychopath who is using all available "tools" (weapons) to inifluence the "world economy" (of mass) and in so doing, "destroying the dollar" (destruction).

He and slimy tim need to be put in jail.  Period.

 

Thu, 06/16/2011 - 15:30 | 1375552 centerline
centerline's picture

+1  -capped.  Good read today.  Definately some interesting perspective to consider.  Thanks.

Thu, 06/16/2011 - 18:07 | 1375975 LongBalls
LongBalls's picture

+ 2

Thu, 06/16/2011 - 16:08 | 1375668 trav7777
trav7777's picture

nah; he's just a believer in a fishbowl.

He's spent his life studying things that aren't true.  The pseudoscience of economics is only relevant during an aggregate growth phase.  We're not in one anymore.

As far as Japan...wtf?  They're a net exporter so they are supposed to what, go MORE mercantilist?  Yeah, that will work out real well.

EVERYONE cannot devalue at the same time; there is no net effect.  Other than fucked up paperholders

Thu, 06/16/2011 - 17:40 | 1375925 TruthInSunshine
TruthInSunshine's picture

Which will be the least ugly fiat in all of fiatski land and why, at the end of the day?

I don't expect anyone to know or be able to produce a precise answer to what is a deceptively complex question that is made more so by the uncertainty of future events and reactions to those events, but rough arithmetic tells me that the USD has a shot at outperforming the euro or yen over the intermediate term.

I'm not emotionally vested in the USD and I detest the very system that allegedly sets its value on world markets (as with any major currency), but if the world's in for a turbulent flight for the next few years, I've yet to see any convincing argument set to paper that the euro or yen will outperform the USD over that time frame (I'd love to read a well-reasoned opinion supported by some concrete data).

Thu, 06/16/2011 - 14:48 | 1375387 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

...I don't know; I hate the people at work so I'm telling them to buy facebook shares as soon as they can

Thu, 06/16/2011 - 16:35 | 1375731 Clark Bent
Clark Bent's picture

Awesome!

Thu, 06/16/2011 - 16:46 | 1375769 Atomizer
Atomizer's picture

LOL. That's rich! Might want to suggest Pandora & Winnebago as a rock solid long term investment stock.

Thu, 06/16/2011 - 18:12 | 1375983 LongBalls
LongBalls's picture

Solid.

Thu, 06/16/2011 - 14:50 | 1375400 Random_Robert
Random_Robert's picture

Excellent Picture, TIS!

Combines the sheeple alegory WITH the famous deer in the headlights image....

The image is so relevant, that my cynical self is giggling almost uncontrollably. 

 

Oh, and MK's analysis seems spot-on. Bernanke has demonstrated over and over again that his greatest goal in life is to be an illusionist rather than a scientist.

Thu, 06/16/2011 - 15:24 | 1375455 TruthInSunshine
TruthInSunshine's picture

Combines the sheeple alegory WITH the famous deer in the headlights image....

The image is so relevant, that my cynical self is giggling almost uncontrollably.

I also like it because it shows the sheep clearly tagged (on their ears).

I am very much not a tin foil type prognosticator, but the tagging is symbolic of the fact the fact that the governmental-corporate alliance is very much able to decimate whatever we held out as our clear notion of 'privacy' and any rights thereto.

Modern vehicles with black boxes that track our driving pattern and (soon) location, GPS devices that can literally track us in real time and record our past movements (and be accessed remotely), smart phones that can do the same as well as be tapped and downloaded - absent any warrant or even reasonable cause - producing immediate and very private data on demand, and PCs that can watch us (with cable boxes that do the same coming soon - ostensibly to track our channel surfing AND snacking patterns).

U.S. highways and vehicles will be incorporating RFID technology within a few short years that will be able to remotely monitor any particular vehicle, its speed, location, and other data regarding it (RFID chipping is already being used on high value pharmaceuticals and other transported high value goods).

It's all good, however. They tell us we have a Constitution, and I once heard it reflected that we were born and endowed with particular and fundamental inalienable rights (i.e. can't be stripped away by government), though there aren't many in positions of power who seem to recall this lately.

Thu, 06/16/2011 - 16:34 | 1375725 FreedomGuy
FreedomGuy's picture

There is no Constitution as you understand it.. It looks like it is in English for all to read but it is not. According to our Supreme Court it is actually in a language only they understand. The amazing thing about it is that over time it always says exactly what the government wants it to say. It's quite amazing how well it lines up so that you can produce infinite social programs, income redistribution, restriction of all sorts of speech, particularly in business, seize private property to give to other private entities, infinite taxes, everything! It's a wonderful document that allows government to do whatever it pleases as long as it's determined to be "good" for us.

I am so glad we have this document. In fact, it is very similar to having no document at all come to think of it.

Anyway, when every intersection has redlight and speed cameras, your car is tracked, your phone is tracked, your internet usage is recorded and you yourself are stamped with identity code...all of life will be perfected. No bad things will happen to us and we will do exactly as we are told, controlled in the wisest ways possible and live the most productive lives possible as determined by some wise central council. I can hardly wait.

As for me...I'd rather live in the Middle Ages during the plague.

Thu, 06/16/2011 - 16:58 | 1375829 CH1
CH1's picture

Can I come just after the plague? :)

Thu, 06/16/2011 - 17:59 | 1375958 Almost Solvent
Almost Solvent's picture

Cost of oil (going higher) over the long term will actually force the system to lose most of this crap anyway and limit the power of the government in the process. 

 

 

Thu, 06/16/2011 - 18:15 | 1375996 Shell Game
Shell Game's picture

+++   ...though, watch what you wish for, Dark Ages coming [check], Plague coming [???].

The Constitution is dead, long live the Constitution.

Thu, 06/16/2011 - 18:55 | 1376076 tsx500
tsx500's picture

...and the 'rant of the day' award goes to .........

Thu, 06/16/2011 - 21:03 | 1376324 i-dog
i-dog's picture

+++++

Thu, 06/16/2011 - 16:31 | 1375729 Gully Foyle
Gully Foyle's picture

TruthInSunshine

You missed two.

Removal of incandescent bulbs so a heat signature can be tracked at a distance and body locations can be pinpointed easily.

RFID tags in clothing, and I assume damn near everything else, so you can be tracked easier.

People have caught on to location by phone whether it is on or off. How many have you seen microwaving their clothing to destroy the chips? Or wear only hand woven articles?

But the flaw with technology is it can be turned on you. One of the Moscow Rules "Technology will always let you down" is there for a reason. Wait until those damn faceless etrrorists start hacking drones.

 

 

Thu, 06/16/2011 - 18:27 | 1376009 flacon
flacon's picture

Can I microwave my passport? It has an RFID chip in it now - and it's advertised as having one. 

Fri, 06/17/2011 - 02:21 | 1376812 FreedomGuy
FreedomGuy's picture

I probably missed several, but you get the point. The worst new thing I heard was that Obama favored an idea in Congress to put a chip in every car that monitors the miles you drive. You will get a tax based on those miles. Besides being an infinitely stupid idea (A Mini Cooper that drives more miles will get taxed more than a Hummer that stays in town???) it is really a big step toward ultimate control. That same chip can tell if you ever went over the speed limit at which point you could pay retroactive fines and it is really just a single step from having all of us just wear a GPS chip ourselves.

What really bothers me is that this doesn't bother them...at all.

Fri, 06/17/2011 - 09:04 | 1377200 fajensen
fajensen's picture

Wait until those damn faceless etrrorists start hacking drones.

"The terrorists" are too retarded for that.

Hovever, I do have some contact with former colleagues that, like myself, have experience with enginering and defense systems and are currently suffering, like self!, in various boring, dead-end, adminstrative jobs. When we get a few beers we actually think that there might be a business to be made in producing drones that will quietly fly 10 kg of payload to a GPS "address", available at an affordable price and no strings attached. The technology is all COTS these days, it just needs integration.  

The non-prescription medical business could probably use such a machine - and why the hell should Obama be the only person who can send a robot to sort somebody's shit out? Someone will do it anyway, so why not we?

Fri, 06/17/2011 - 10:02 | 1377383 New World Chaos
New World Chaos's picture

This + bitcoin + tor + google = TPTB's worst nightmare

Fri, 06/17/2011 - 10:47 | 1377509 i-dog
i-dog's picture

bitcoin + tor + google = dependence on the internet still being freely available

 

Fri, 06/17/2011 - 11:32 | 1377635 New World Chaos
New World Chaos's picture

Was just thinking about that.  See long post below for possible solutions which we need ASAP.  We also need Google insiders who will be prepared to at least partially restart it elsewhere when the shutdown order comes.

Thu, 06/16/2011 - 16:37 | 1375739 Clark Bent
Clark Bent's picture

A simple right click, and the deer becomes your screen saver!

Thu, 06/16/2011 - 21:02 | 1376331 SuperRay
SuperRay's picture

HAH! so i was one of the only morons who actually took the time to go into the city and look for the empire state rebellion rally, which consisted of two photographers with some old video equipment and about eight nerdy types testing on their iphones.  My visions of solidarity shriveled up like Weiner's weiner after he saw those pictures...

Thu, 06/16/2011 - 14:37 | 1375343 Beatscape
Beatscape's picture

Fascinating.  Speaking of the government,  the Senate just voted 73 to 27 to end government incentives for ethanol--a negative for many related ag names including fertilizer stocks (POT, MOS, CF, AGU), seed names (MON, SYT) and farm equipment names (CNH , DE, AGCO). However, bullish for livestock producers including (SAFM, TSN, SFD, HRL).

 

Thu, 06/16/2011 - 15:06 | 1375438 Seer
Seer's picture

About fucking time!

Not sure that the fertilzer companies will be much affected.

It'll help me a bit, but that's not why I'm against ethanol (been so since before I had any interest in feed prices).

Subsidies are price-hiders.

Thu, 06/16/2011 - 15:11 | 1375485 Silver Dreamer
Silver Dreamer's picture

War produces plenty of fertilizer.

Thu, 06/16/2011 - 16:26 | 1375718 Milestones
Milestones's picture

Most before the war than after; what comes out of the north end of a south bound bull.   Milestones

Thu, 06/16/2011 - 15:28 | 1375531 squib
squib's picture

+1 for staying in character

Thu, 06/16/2011 - 15:34 | 1375559 centerline
centerline's picture

lolololololololol  :-)

Thu, 06/16/2011 - 16:33 | 1375738 FreedomGuy
FreedomGuy's picture

Now let's vote to end those farm subsidies and we will be making real progress. It seems to me that this would be a good thing to do during a time of record high crop prices.

Thu, 06/16/2011 - 14:43 | 1375353 falak pema
falak pema's picture

How vital is sex? How essential is government?

Can we talk of peak sex? Can we talk of peak government?

They are not tangible commodities. But as immaterial in their hold on us as the notion of life and after-life.

Go short on those if you dare!

Thu, 06/16/2011 - 14:52 | 1375404 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

we can totally have peak sex...just look at birth rates in western europe (yes but they still do it for leisure I hear you cry) yes but for how much longer...if something becomes without use evolution has a way of dispencing with it. As our lives become even more anxiety ridden, I'm willing to wager that people will be enjoying less good sex. So yes, I'll short sex in north america and western europe...

...better head for latin america I think and those signoritas!

Thu, 06/16/2011 - 15:01 | 1375424 giocatoli
giocatoli's picture

actually there's not that much sex going on down here either.  sigh.

Lots of boozing and dancing till 5 am, but after that, its straight to sleep...

i chalk it up to the influence of the church.

 

Thu, 06/16/2011 - 15:25 | 1375519 Rusty Shorts
Thu, 06/16/2011 - 15:36 | 1375560 falak pema
falak pema's picture

keep moving...fortunately the world is round...not flat!...We all know where we'll end up. As long as its not Wisteria Lane! Yikes...

Thu, 06/16/2011 - 15:05 | 1375451 Clampit
Clampit's picture

Your definition of government must then necessarily include any cooperative interaction between individuals. DRO's are government. Contracts are government.

What we see today is the evolution from centralized mainframe style government to a more distributed network approach. An evolution I suspect will see the white house decommissioned as a tourist destination in my lifetime.

Thu, 06/16/2011 - 15:41 | 1375601 masterinchancery
masterinchancery's picture

Utterly false--private cooperation is the absolute opposite of government, which operates by coercion.

Thu, 06/16/2011 - 16:16 | 1375698 CH1
CH1's picture

Government is a long, dark scam. Arguments to the contrary are rooted in emotional attachement.

Thu, 06/16/2011 - 16:36 | 1375750 Clark Bent
Clark Bent's picture

Who is in charge of this decentralizing evolution? Where are they meeting? 

Thu, 06/16/2011 - 18:26 | 1375999 Clampit
Clampit's picture

Funny you should ask; the meetings are being held right now in this very forum.

("If you had to identify, in one word, the reason why the human race has not achieved, and never will achieve, its full potential, that word would be 'meetings." — Dave Barry)

Thu, 06/16/2011 - 21:46 | 1376191 uniman
uniman's picture

John Connor et. al. Crystal Peak

http://grandfubar.com/greetings-from-crystal-peak

The purpose of our organization is to promote a new social system for our members. Although this may sound suspiciously like "government" there are some important differences.
The similarities are:

  • We take and hold land and natural resources.
  • We promote national defense.
  • We promote a system of law and courts.
  • We promote a political system of dedicated to the protection of the individual against the depredation of the majority, politicians, or private sector criminals.
  • We promote a free-market economic system with strong protection for private property.
  • We promote the general development, security, and welfare of the people.

What? You’re seeking liberation from the silver-tongued devils that already pretend to promote these ideas? Well, please read more carefully. Please pay attention to the differences.

  • The biggest difference is that our system is competitive, non-coercive, and non-exclusive. Our members can opt in or out at any time and they can be members of other political organizations as well. Children are not automatically members against their will and may or may not opt in when they are ready.
  • Another important difference is that we "promote" we do not "provide." We serve as cheerleader and operator of the Bully Pulpit in order to lead people and markets in doing for themselves instead of trying to make these good things happen.
  • The land we take is not necessarily contiguous and will in fact likely overlap the territory of existing political organizations.

The ideals enumerated above are good. The problem lies in their interpretation and the sincerity of the alleged promoters. We offer a new approach and give you the choice to decide.

How to Join

When I stated earlier that members are free to opt in or out at their discretion, I spoke the truth. However, there is also a steep membership fee. You are buying the benefits we provide and agreeing to accept our rules. That is a high price and we do not expect you to easily agree. In fact, as long as you have a "job" and "own" a home and care about your credit score or filing tax forms, we doubt you’ll abandon them in order to join us. And abandon them you must because what we demand of our members is not something that can be balanced with home, job, and school. Weekend warriors can watch the revolution on TV; our warriors our making it happen.

Our offer appeals to those of you who have lost it all. Such as those of you who the system has abused, defrauded, and discarded, or those of you who have no chance of succeeding in that system. Instead of rolling over and dying, why not stand and fight? Perhaps you’ll meet your maker either way, but our way offers at least a chance and is much more fun.

The Fee

You entry fee is that you enroll in our Liberation Army. We use the term "Army" with some hesitation. "Army" denotes military and sounds like violent insurrection. As we have explained in other places, violent insurrection pits our weakness against the great strength of the Enemy. The Enemy is laying an ambush for us by goading us into that doomed strategy and we must deftly dance around the ambush. We will meet the Enemy at a time and place of our choosing not his.

However, as a new member your life and work will be organized with a military paradigm. You will receive and obey your orders and you will be subject to our discipline.  We will engage in manuvers of peaceful civil-disobedience against the Enemy. You will spend all of your time studying, practicing, drilling, and preparing for the fight. You will likely spend much of your time in the Enemy's POW camps. This is the price of membership.

The Benefit

The benefit is that we will rebuild you as a new man.  We will teach you how to read and how to defend yourself.  We will systematically educate you and develop you towards your full potential.  You will learn the values of self-reliance and cooperative behavior.  Finally, we will resettle you on one of our bases, far from the front line.  There you will begin your transition to a new life as a civilian.  You will be a respected war vet and a man who carries the esteem of knowing that he has played an important role in building a great thing.  You will live out the rest of your life according to the best that your ability, discipline, integrity, and fortune conspire to provide.  Please compare these benefits to your present prospects.

Thanks for reading and have a nice day.

John Connor- Crystal Peak

Now accepting bitcoins for liberation: 1GrqxTjQb7SsPBkdxnPRNmJqseKK8TZaoF

Thu, 06/16/2011 - 22:51 | 1376500 Cathartes Aura
Cathartes Aura's picture

The benefit is that we will rebuild you as a new man.

ahhh, yes, another "all men are created equal" club, with a military flavour.

party on dudes.

 

Fri, 06/17/2011 - 02:14 | 1376606 New World Chaos
New World Chaos's picture

+1 BTC for a good manifesto, for putting up the first BitCoin tin cup I have seen on ZH, and for giving me an excuse to respam my Bitcoin-powered Project Mayhem manifesto.  It's kinda similar to yours, but with more anarchy... lets start over with a bare minimum of laws and courts.  Make the elites' pet weasel-word artists rebuild their toys from scratch, and contest every expansion like a hill in 'nam.

-----------------------------------------

Now is the time to get to know your neighbors well, buy local, hoard stuff.  Make your lists, check them twice, find out who's naughty and nice.  No heroics till after the hyperinflation and the bloody crackdown.  That shitstorm will awaken more of the sheeple and peel off some of the cops and bureaucratic drones, because it will be clear that their pensions are already gone.  Also, wait until a large number of protestors are slaughtered or a large number of people end up in FEMA camps.  Need to get more cops and military on our side, so I suspect that he who fires the first shot will lose the revolution.  Let them fire the first shot. 

I don't know anything about real fighting so here are some "softer" strategies which could work:  Get them to waste time or turn on each other where possible.  Leave empty bags around.  If you know someone who works for the Beast, plant some reefer on his property where it will eventually be kinda visible from a road.  This will encourage narcs and civil forfeiture.  Crank-call a rent-a-cop at an elite university and tell him he must have really enjoyed busting up your frat party last week because his dick is so small.  Tell him you know this because his sister is a Craigslist call girl and she compared your huge dinosaur dick to his little pecker.  Tell him he will have to work all year busting parties to match the booze money you took out of Daddy's trust fund for just that one party. 

Encourage them to alienate large numbers of sheeple.  Chinese dissidents (or maybe CIA?) were spreading rumors that the Jasmine Revolution was coming to China and people could express their solidarity by meeting in small groups in shopping areas on a Sunday and just walking around.  The Chinese security bureaucracy has many tentacles and they all compete with each other for how many innocents they can cycle through their interrogation rooms, so they all went and gave the goon squad treatment to a bunch of innocent sheeple.

Go to a donut shop with a friend and talk about this silver bug who was talking about a monster box at the bottom of one of the outhouse pits in the national park but you don't know which outhouse.  Know your local pigmen and dream up devious ways to exploit their paranoia and greed.  Conversely, try not to fall for it when the elites use this tactic on us.  They would very much love for this to turn into a race war or a mutual narc-fest.

Tie the bureaucracy in knots by swamping it, turning it against itself, or forcing it into absurd positions.  If you work for them, even indirectly, quit your job but keep showing up for "work".  Insist on doing things by the book.  Have lots of irrelevant meetings with lots of buzzwords and academic nonsense.  If anyone questions you about this, tell them they lack cooperative spirit/patriotism/respect for diversity/ watever.  If you get snickers and scowls from trustworthy people, take them aside later, tell them what your are doing and keep them as contacts for when the shit really hits the fan.  Go on the dole and max out your CCs and encourage your family to do likewise- but plow the money into PMs and supplies instead of mortgages and consumer crap.

Stay mobile and stay away from cities.  Get a pickup truck with supplies, and keep up with your rural contacts and survival skills.  You and a few buddies could last quite a while on BLM land if you need to. 

Get some silver and BitCoins while you still can.  BitCoins have the kleptocracy protection of PMs, and they are highly divisible and a lot easier to stuff through an ethernet cable.  The number of coins is mathematically capped at 21 million.  Figure in population increase and loss of coins due to shattered hard drives, etc. and this will be a deflationary currency.  Good for saving, certainly much better than bonds.  I wouldn't be shocked to see a $21 trillion Bitcoin market emerge if the kleptocracy gets really bad.  That means an exchange rate of $1m per Bitcoin (currently $9 per BitCoin).  So even though BitCoin is up 3000x since the first recorded PayPal trades in April 2010, it could easily run up by another multiple of 3000. 

https://www.bitcoinmarket.com/market/tools/

There were many blocks of 10,000 that traded back in the good 'ol days.  I have only a small fraction of that because I bought in last month, but there are probably hordes of crypto-anarchist geeks out there who will ultimately be worth billions of clownbux.  The ones closest to the nerve center will be the richest and they will also hate the system the most.

Now, imagine what will happen after the inevitable hyperinflation, food riots and brutal crackdown.  The government will have lost all legitimacy in the eyes of the people, and everyone will be looking around to see who throws the first Molotov.  Enter BitCoin.  It's just a matter of time until someone posts a YouTube video of a flaming cop car while holding a poster of their BitCoin address.  Only shutting down the internet will stop the distributed anarchist horde from donating.  Word will spread.  Crimminals will target the powerful instead of the middle class.  Eventually the going rate might be .01 BTC per flaming cop car, .1 BTC per flaming cop, 1 BTC per flaming federal building, 100 BTC for a Rothschild dosed with scopolamine and mindfucked into spilling all his dark secrets before he is eaten alive by maggots.  Even this would only be a drop in the horde's ocean of buying power.  I think we are going to have a lot of cypherpunks living in Dubai penthouses surrounded by hookers but wanking to the increasingly creative homebrew snuff porn they finance.  Their combined mayhem fund might even exceed the Rothschilds' mayhem fund.  Even without this level of funding, you can still use your BitCoins to buy liquid LSD from Silk Road, and have it shipped anywhere in the US.  Stalk politicians and dose their car door handles.  Go visit banks and federal buildings with a little bottle of breath spray, blessing keyboards or "employees only" doorknobs or whatever Eris tells you to.

Project Mayhem is coming.  This is the will of Eris, who always knows the one action which will turn any situation into a total clusterfuck.  She is one of our most important allies, and with her help, the whole world will be in flames within two years.

Fri, 06/17/2011 - 06:48 | 1376934 Tsukato
Tsukato's picture

This is great shit. Where can I sign up? Only bad thing is, I'm in China. How can I help?

Fri, 06/17/2011 - 11:28 | 1377606 New World Chaos
New World Chaos's picture

This will be an internet-powered revolution for all people of the world.  Anything you learn and share on the internet helps us all.  Anything you do to help yourself (hoarding, buying silver/bitcoins, learning kung fu) helps us all.  Anything you do to help or awaken your neighbors helps us all.  If you know some Chinese who are good at making cheap shit quickly and want to help us Americans specifically, here is an idea for you: 

Mass-produce a long range radio (phased array?) that can create an internet connection with any other such radios within range.  Data should be encoded over a wide band which should be easily hackable to a huge band, even outside the ham radio bands.  This would make jamming more difficult.  Maybe you could even disguise the data as lightning strikes.  Trouble is, I rather doubt this system would be cheap, and I doubt your authorities would approve.

Another option is to make infrared nodes.  High bandwith, low power, impossible to jam.  Problem is it's line of sight only, has to be aimed at its neighbors, probably requires weather hardening and some telescope optics, and is vulnerable to clouds.  Would put these around cities with repeater nodes up in the hills, powered by batteries and Chinese solars (ask Leo).

Thanks and good luck. 

Thu, 06/16/2011 - 14:39 | 1375355 orca
orca's picture

Word Mike.
Just swa an interview with Nigel Farage (UK Independent Party in europarlement, anti-Eurozone). He used the word "sado-monetarism", which sums it up perfectly.
Here's the interview http://tinyurl.com/63v5glc

Thu, 06/16/2011 - 14:46 | 1375364 TruthInSunshine
TruthInSunshine's picture

I nominate sado-monetarism as Friday's word of the day.

Very good.

Thu, 06/16/2011 - 15:12 | 1375474 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I second the motion.  All in favor?

Thu, 06/16/2011 - 15:37 | 1375575 centerline
centerline's picture

Aye.  Beat me, whip me, make me write bad checks.

Thu, 06/16/2011 - 16:17 | 1375692 CH1
CH1's picture

Aye!

Thu, 06/16/2011 - 17:12 | 1375864 Bastiat
Bastiat's picture

Aye!

Thu, 06/16/2011 - 18:02 | 1375951 falak pema
falak pema's picture

WHy? I'm stockholm Syndromist... I love to say ...encore amor!

Masochist for Mossad persuasion with hard backed USD treasuries.

Sadist for sex with a blank check that bounces but never comes.

Now that is the ultimate in mating on speed dating with a HFT Troll whose fat fingered.

Flash crash what a relief...I'm so in grief. For the other guys. Who got cleaned.

Thu, 06/16/2011 - 15:29 | 1375539 Nikola Tesla
Nikola Tesla's picture

What a crazy world we now live in where I trust the Russian news more than the UK's. RT is the only news I watch, other than the occasional flick across to channel 4.

Thanks for the link.

Thu, 06/16/2011 - 16:18 | 1375695 CH1
CH1's picture

Agreed, BBC is horrifying, except sometimes for 4.

Thu, 06/16/2011 - 16:51 | 1375785 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

BBC is worse than CNCB or Fox

You'd never never ever get people like Celente on the BBC

Thu, 06/16/2011 - 15:35 | 1375567 slewie the pi-rat
slewie the pi-rat's picture

sado-monetarism may cause episodes of peak liquidity

Thu, 06/16/2011 - 15:36 | 1375587 TruthInSunshine
TruthInSunshine's picture

sado-monetarism may cause episodes of peak liquidity

...followed by painful, long episodes of priapism.

Thu, 06/16/2011 - 14:47 | 1375369 Newsboy
Newsboy's picture

But First:

Peak War

Thu, 06/16/2011 - 14:49 | 1375391 Ricky Bobby
Ricky Bobby's picture

+1

Thu, 06/16/2011 - 14:44 | 1375371 AldoHux_IV
AldoHux_IV's picture

Missed opportunity, but not the last chance

During the last financial crisis, there was a great opportunity missed and it doesn't have to do with policy miscalculations or funding programs that were inadequate.  No, the opportunity missed was a chance for democracy to stay constant.  Philosophers have mentioned the necessity (not just right) for revolt to keep the democratic spirit healthy and alive.  Over time, any social structure or government will begin to erode in its initial purpose of providing equlity, liberty, order, and fairness to the people it governs-- it's human nature.  A group of people looking to benefit in some way (power and/or wealth) willl ultimately find its way to becoming or influencing the governing body as it is an inevitable goal for securing the wants and desires of that group: he who holds the decision making process can create opportunity for themselves with as least stake in the game as possible i.e. it is made on the backs of the people that make up the society.  Thus, the necessity to revolt help keeps the overgrowth of one group's power from choking off the growth of democracy.

There are many to blame for the last financial crisis: greedy bankers, corrupted central bankers and regulators, speculators, flawed government policy, but the one thing that has been hidden in the shadows is the current system itself.  As we find ourselves in an ever more volatile and fragile economy that creaks with the unstabling winds of our financial system it shouldn't be surprising to realize that we haven't fixed anything-- perhaps things have become progressively imbalanced.

The missed opportunity is not having fulfilled out duty to revolt against the current system in order to defend and replenish our democratic sovereignty.  Instead we allowed the same villains in the villainous system to 'save' us from the disaster they created all the while killing the democratic process along the way.  Make no mistakes about it, our current government is made up of a regime that does not hold the people's best interest in mind.  Evidenced by the juxtaposition of a few key economic observations: high unemployment for young and old, an alarming group of people now reliant upon food stamps, an energy plan that seeks to perserve the statusquo, a growing amount of people underwater in their mortgages, lack of credit, a shrinking middle class, a growing poverty, energy and food price increases (things the average person spends most of their monthly income on), lower share of income for the average worker, social programs and safety net cuts VS record number of bonuses for bankers that no longer function in a normal financial system, record number of sales for high end sports cars (high end retail in general), tax cuts for the rich (and poor though how much a benefit for the poor is not as great as it is for the rich), corporations getting more rights
and say in policy, regulators that wind up working for the companies they were supposed to regulate, war over resources that we don't need if we had an energy plan in place, etc., one can clearly see that the imbalances that exist i.e. the growing divergence of social classes, rights and liberties for individuals and institutions are not representative of a democratic government or a fair and open economy.  These alone should be enough to incite the revolutionary spirit that once capitivated this country and helped forge one of the greater open societies the world had seen, but alas it hasn't.  Through control of media, and outright lies told by the current regime, the masses have been slow to realize they exist in a slavery-- slavery to debt.

There is a silver lining: the current system is unsustainable.  As the greed and power demands more and the people can provide less things change.  We will not have the last chance to do what's right: revolt against the current regime as they no longer serve the people, but only a small group of people, and rid ourselves of the yoke of slavery (debt) by claiming odious debt upon this regime and once and for all correct the imbalances that plague our world economy, governments, and individuals and bring the perpetrators to justice.  Anything less will be a repeat of financial crises and injustices.  The biggest mistake made in the Great Depression, past recessions, and this latest depression is not enough stimulus, but not enough social participation of the people to revolt against a flawed system that has been implemented by such institutions like central banks.  It is this lack of action that has allowed an economy and country to decline and make the same mistakes over and over.

Remove the cancer once and for all.

Thu, 06/16/2011 - 15:13 | 1375478 SeanJKerrigan
SeanJKerrigan's picture

Good post.  Much thanks.  Viva la revolution.

Thu, 06/16/2011 - 16:01 | 1375655 traderjoe
traderjoe's picture

+1

Fri, 06/17/2011 - 07:39 | 1377001 Tsukato
Tsukato's picture

You make some good points. I have been thinking about all of this for a very long time. Seems to me, what keeps people from acting, is fear and inconvience. People have a right to fear outright confrontation. We are seriously outgunned, and most of us haven't the skills necessary to become effective guerilla fighters. I have thought of a novel solution to this, and I will lay it out for comment, and you can do whatever you want with it; it would work well in any country to boot: A One Day Revolution. A loose group of cells from different localities, researches, and compiles a list of those individuals which are destroying our society. Lists are made, individuals are monitored for patterns, etc. One one day, agreed to by all cells, all liabilities are liberated, I'm guessing many thousands. At the same time, a manifesto is sent to  the media explaining why it was done, and explaining that if it is investigated, List B will be liquidated as well. This statement should include all grievances against these identities by the ppl of the US, with a strong warning that it can happen again easily, and especially against law enforecement personnel.

With a little good planning, we could see real change in as short as 24 hrs. Blitzkreig for the masses, without the mass casualties.

*this is just a brief overview, please don't consider it a complete.

 

Thu, 06/16/2011 - 14:48 | 1375373 Hook Line and S...
Hook Line and Sphincter's picture

Once again, it's important to drive home the fact the denial requires knowledge of truth. That said, unfortunately, most of us here felt-up and sucked on the nipple of the ponzi, the fraudulent exchange of value. Some of us have loved the self-stroking as we catapulted our ego and scooped up purchasing power stolen from others.

Here then, it time for us to embrace the fact that the majority of us will choose to be an asset again. An asset of the globalists,or the corporation of the U.S., whatever comes to fruition. Whether we fancy ourselves Christians, Muslims, Hindu, or Pagan, their stinky God just might be our God. 

Choice exists, but is relegated to the realms of the micro-world. You can choose to smile, to feel the sun on your skin, have empathy for others, make light act as a particle or a wave, or do none of the above. 

Whatever conclusion you come up with now, you may want to ask yourself, how is the corporation changing right now, and what do they want? You may think its going bankrupt, but you are wrong. Only a small component is changing, but you believe it is the crashing of an entire system. The entropy is perceived only in your head. It is only the medium of labor value transfer that is being debased for the sole purpose of a new and improved modification. So understand, if you're bent on being the pollution, the solution to pollution is dilution.

There are a  lot of competing Wills out here that are eager to make the new rules. The absolute condition is bondage while our feet touch the soil, whether you're master or servant, shareholder or temporary human resource. 

Thu, 06/16/2011 - 15:10 | 1375479 Seer
Seer's picture

Peak electricity means the peaking of govt and big corporations.  BIG = FAIL, always has, always will.  The fundamentals don't need a ton of words or analytical work to describe.

Thu, 06/16/2011 - 15:25 | 1375532 Random_Robert
Random_Robert's picture

"It is only the medium of labor value transfer that is being debased for the sole purpose of a new and improved modification. So understand, if you're bent on being the pollution, the solution to pollution is dilution."

 

- Brilliant observation, HL&S; and similar to a thought experiment I explored on my personal blog:

 

http://insiderobertsbrain.blogspot.com/2011/06/economics-machines-and-real-value-of.html

Thu, 06/16/2011 - 16:42 | 1375767 Clark Bent
Clark Bent's picture

But ya still gotta serve somebody. It might be the devil or it might be the Lord, but yer still gonna have to serve somebody. 

Thu, 06/16/2011 - 17:22 | 1375883 fiftybagger
fiftybagger's picture

Dylan +1

Thu, 06/16/2011 - 14:51 | 1375388 baby_BLYTHE
baby_BLYTHE's picture

peak Weiner

Thu, 06/16/2011 - 15:25 | 1375520 InconvenientCou...
InconvenientCounterParty's picture

one would hope

Thu, 06/16/2011 - 14:51 | 1375402 Boston
Boston's picture

peak High Yield

 

Timberrrrrrrrrrrrrrrrrrr!

Thu, 06/16/2011 - 14:52 | 1375406 Corduroy
Corduroy's picture

Peak government is certainly worth discussing, is a pity it is more of a footnote than the main article... There will be a clash of ideology soon enough (if not already started in a minor fashion) however, it will be extremely difficult to put forward the government reduction argument in a coherent and structured fashion that the sheeple will understand. Many generations now know nothing but big or bigger government, and just because a government is in debt and laying off staff / freezing wages is not in itself enough to convince people that the size of government is inherently wrong. In fact, one of the outs that the world government crew are hoping is that in disaster governments will be able to convince the sheeple that it was just down to bad management rather than a fundamental flaw.. and with the MSM shrill pigeons and dumbed down commentators it will be hard to sell an alternative

Thu, 06/16/2011 - 14:56 | 1375417 bid the soldier...
bid the soldiers shoot's picture

Mike

With all due respect, how any aware observer of' life as we know it', can talk about five or ten years in the future without mentioning the annual reduction in the global production of oil strikes me as world class chutzpah.

Do you really imagine a future with an infinite number of 20 mule teams pulling trailers full of merchandise from coast to coast? How long will the SAC be able to put up their eight jet bombers to deter our enemies from striking us first?

You better take this piece back to te drawing board and read what M. King Hubbert had to say about the future of the production of oil and then extrapolate that into the TPTB's plan.

Thu, 06/16/2011 - 15:20 | 1375504 Seer
Seer's picture

Yup, fundamentals... ENERGY = POWER  Past rulers got theirs from slaves; there are way too many people nowadays to accept being enslaved (significant enough numbers of rebels that can turn the masses against TPTB).

As I keep saying, BIG = FAIL.  The BIG systems rely on an abundance of (cheap) energy and are nowhere near sustainable (despite what anyone would want this FACT cannot be altered).

Thu, 06/16/2011 - 21:30 | 1376369 i-dog
i-dog's picture

"an infinite number of 20 mule teams pulling trailers full of merchandise from coast to coast"

-1 ... False dichotomy!

Alternative energy will be developed...sooner rather than later, when the oil faction of TPTB has been disarmed (or dies off).

Decentralising the globalised economy and super-states back to local production and use at a more sustainable level will also significantly reduce the dependence on energy-intensive transportation. Fabrication technology is already available to reduce the need to import gadgets and widgets from afar.

Sat, 06/18/2011 - 01:43 | 1379700 bid the soldier...
bid the soldiers shoot's picture

I better not get into an argument with you about the " sooner rather than later"ness of the alternate energy that WILL be developed, because you may be the guy that's patented the new engine or the new fuel.

Is the corporation that holds the rights to the process publicly held? Or is that insider information?

I'll be just as delighted as you to see an alternate energy power all the cars, buses, semis, boats, tractors and planes as you.

But I'm looking for more than an 8 line comment at ZeroHedge.

Thu, 06/16/2011 - 14:58 | 1375418 SwingForce
SwingForce's picture

I don't think you have any idea what will happen in Greece. You people play your silly "prediction" games, your stocks will go down, your gold & silver will go up, but guess what? The Greek PEOPLE will remain owners of their country! Don't ask me how, but that will be the end result. Let the derivatives fall where they may. Too bad I don't have Adsense approval to post bullshit like this and get paid for it.

Thu, 06/16/2011 - 17:28 | 1375905 Rainman
Rainman's picture

Speaking of derivatives, the banksters have won again. Critters are cutting the budget of the already spineless and incompetent CFTC by 15%. More proof that Dodd-Frank is a massive hoax.

http://www.bloomberg.com/news/2011-06-16/u-s-house-passes-bill-to-cut-funding-for-derivatives-regulator.html

Thu, 06/16/2011 - 18:03 | 1375963 falak pema
falak pema's picture

the long arm of the bankster lobby...the squid on the Nautilus...No Captain Nemo anywhere in sight!

Thu, 06/16/2011 - 15:00 | 1375420 MachoMan
MachoMan's picture

Governments right at the moment are as big as they will ever be in our lifetimes.  This is in my opinion a great thing for humanity and freedom but the transition to more localized rule of law will be tricky.  We must be rational and help the sheep out as their world crumbles around them.  They will be scared and looking for mommy.  Governments won’t be in a position to help so we will need to do the heavy lifting.

I cannot fathom how this is necessarily a great thing for humanity or freedom.  The government represents the citizenry in our efforts at collective bargaining with the powers that be.  While this representation has become (always is/will be somewhat) perverted, it still represents our only reasonable alternative at collective bargaining.

I propose that should peak government be implemented, and our collective bargaining ability along with it, we are every bit (if not more likely) to return to de jure slavery and/or feudalism than some great thing for humanity or freedom.  See, we have this pesky thing called the wealth gap.  And, under your proposal, this wealth gap is essentially a head start in whatever comes post collapse.  With the collapse of government comes the wealth gap to fill the power vacuum.

Further, post collapse (and with static to declining wages for the morts), we will be in less of a position to resist.

Ultimately what you propose is necessary for a viable and fruitful society...  our bureaucratic model has become nothing but a ball and chain...  but, to make the transition without preparation and a significant amount of ground work (at the very least recovering ill obtained spoils of the wealth gap)...  is wickedly dangerous. 

Thu, 06/16/2011 - 15:37 | 1375588 dolly madison
dolly madison's picture

"to make the transition without preparation and a significant amount of ground work (at the very least recovering ill obtained spoils of the wealth gap)...  is wickedly dangerous. "

 

I don't know.  It depends how many of the rich heads roll in the revolution.  Without their head, they have no wealth.

 

Thu, 06/16/2011 - 16:30 | 1375722 MachoMan
MachoMan's picture

Kind of...  I think you would either have to confiscate their wealth (rendering killing them moot in most circumstances) or kill every potential heir to their estates.  For whatever reason, people think some revolution exists without reference to established legal norms...  obviously some things change, but most don't.  Further, I sincerely doubt the mob somehow manages to stumble upon the perfect imposition of justice...  (not that any system has that, but the mob seems to be particularly bad at it).

If you think the mob will be clever enough to find all the wealth squirrelled away, you're sorely mistaken...  this is, in part, why we need a government.  [our problem is that we have fire and forget governance...  i.e. we set the bitch up and then think it's supposed to run without oversight and maintanance].

Thu, 06/16/2011 - 14:59 | 1375429 AldoHux_IV
AldoHux_IV's picture

Inflation targeting is another form of unlimited QE which is another form of economic genocide.

The fed is basically killing off those who can't afford prices and awarding those who can-- that's economic genocide to me.

Thu, 06/16/2011 - 16:20 | 1375707 trav7777
trav7777's picture

the alternative is a complete monetary collapse and there won't be food anywhere.

Some around here seem to want that outcome because they actually believe themselves to be self-sustenant.  They are wrong.

Thu, 06/16/2011 - 16:37 | 1375743 AldoHux_IV
AldoHux_IV's picture

That's the exact thinking the central bank wants you to have-- that they or the current system is a necessary evil.  Our country existed without a central bank before and it can again.

Either way, the monetary system wouldn't collapse as a result of not targeting inflation which is what my post was referring to-- I don't believe it is an apporopriate system that determines the monetary needs of a system already plagued with other problems than just price 'stability' which is code for status quo which is unsustainable.

Thu, 06/16/2011 - 16:57 | 1375810 centerline
centerline's picture

Trav - I know that you know a collapse is going to occur either way.  I dont think anyone though is "really" prepared for where it goes though.

Most people who are wishing for a collapse thinking they are prepared are delusional for sure.  Those who think a collapse isn't going to happen and aren't doing anything to attempt the prepare in some way are just insane.  And the extent of the damage is going to highly variable (some countries/regions/local areas/people will do better than others).

 

Thu, 06/16/2011 - 20:05 | 1376219 Poor Grogman
Poor Grogman's picture

The current monetary system and the welfare warfare state are inseparable.

It looks to me like we may well see the end of both in our generation.

What comes next is by definition unknowable, one thing that will survive the transition however will be the Internet. Therefore we will retain our past knowledge and history.

Of course some people would survive and prosper without our current monetary system. If you need to educate yourself further google "Charles Darwin".

Oh by the way if you think "there won't be food anywhere." then you may have already proved Darwin correct.

 

Thu, 06/16/2011 - 15:03 | 1375430 MikeNYC
MikeNYC's picture

localized rule of law = localized petty tyranny

This author has never experienced small town "justice"

Instead of one centralized set of law-ignoring oligarchs, we'll have tens of thousands.

I can hardly wait for our Mayberry overlords.

Thu, 06/16/2011 - 15:18 | 1375480 bank guy in Brussels
bank guy in Brussels's picture

Interesting thought ... rule by Boss Hogg from 'The Dukes of Hazzard' (show was popular in Europe, too) ...

Clip of Boss Hogg (and Daisy Duke here too in her tight shorts):

http://www.youtube.com/watch?v=Qa3YonYvjN4

Thu, 06/16/2011 - 15:19 | 1375500 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Mayberry on Steroids with Tear-Gas

Thu, 06/16/2011 - 16:18 | 1375694 cougar_w
cougar_w's picture

Well they'll need to find ways to entertain/distract all those hardened vets coming home from Iraqistan.

Thu, 06/16/2011 - 15:29 | 1375550 Seer
Seer's picture

Yeah, just imagine the horrors of NOT having drones flying around indiscriminately dropping bombs on us!

Listen, it's a zero-sum game.  Take your poison.  While you may not like fuedalism, it's in a future near you: it's how history has tended to operate.  Whether I or anyone else likes it isn't the point, the POINT is is in what is most capable of being sustainable (operating under the pressures of entropy).

Yeah, life will be less-than ideal, but then again, how can anyone say that the current situation is ideal? (more nukes, more large-scale weapons systems, ALL facing the eternal ravages of entropy, ALL bidding their time before they become overcome by natural forces [can you say Fukushima?] - do you feel lucky?)

Thu, 06/16/2011 - 15:09 | 1375434 10kby2k
10kby2k's picture

Homely people often get little desirable sex and suffer from mental problems (distorted view of how the world really functions)

Thu, 06/16/2011 - 15:33 | 1375553 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

true, if you've gone more than 2 months without, pay a visit to a brothel - even at the expense of buying bullion

You're outlook and perspective will improve dramatically.

Thu, 06/16/2011 - 18:36 | 1376024 Ridgerunner
Ridgerunner's picture

That's why the traditional view is right (as usual)... sex is for making babies, and so for married people, and definitely NOT for anybody else.

Want sex? Get married. (And do what it takes to stay that way. :) )

We've thrown tradition out the window for a double-handful of techie baubles (including digital money, woohoo! Didn't THAT work out well!). Now we're going to pay the price. (And if we're lucky, we'll be as well-off as our ancestors were 200 years ago.)

Thu, 06/16/2011 - 23:15 | 1376603 snowball777
snowball777's picture

He resigned. Can we let it go now? (pun intended)

Thu, 06/16/2011 - 15:02 | 1375440 Mulch
Mulch's picture

I'm long sex.

Thu, 06/16/2011 - 15:31 | 1375555 Seer
Seer's picture

Does it work if you're NOT "long?" :-)

Thu, 06/16/2011 - 15:04 | 1375450 GottaBKiddn
GottaBKiddn's picture

 

And everywhere I saw hordes of government squealers itching for someone to rat on, just to get something to eat. Anybody who had anything, or did anything, or wouldn't do anything was turned in to Central, for crimes against the people. Children turning in their parents and siblings, parents selling their children, elderly "transferred"; nothing was too sacred to give up for a "government job".

 

Just saying.

 

 

Thu, 06/16/2011 - 15:11 | 1375462 Silver Dreamer
Silver Dreamer's picture

I doubt you.  This article is completely ignoring the VERY high probability of world war.  Government is as large and powerful as it will ever be? har har

Thu, 06/16/2011 - 15:37 | 1375574 Seer
Seer's picture

And empires don't fail? (and housing prices NEVER go down?)

Thu, 06/16/2011 - 15:08 | 1375465 gwar5
gwar5's picture

Cass Sunstein in the Obama adminstration is the chief architect of the new scientific socialism which uses behavior modification techniques and overt propaganda to coerce people into voluntarily (oxymoronic concept) do what the government wants them to do --- from paying taxes to the number of children to have. 

They never stopped to consider if it is inappropriate for them to do this in a diverse, free society in the first place. It costs way less than an old school police state and it's the governments new toy, so they're doing it. 

Milton Friedman (from a 1970's interview):

"The best chance we have to avoid becoming a totalitarian state is that the state itself would likely become so large that it would simply collapse under it's own weight. It would likely be too ambitious, too large and too cumbersome. It would eventually consume all the resources of the economy while producing nothing in return, and the system could not survive. It is not sustainable."

 

 

Thu, 06/16/2011 - 16:54 | 1375796 Clark Bent
Clark Bent's picture

My behavior has not been modified in any way that is likely to help them, unless prosecution is what they desire. Or maybe it is too subtle? How do I know that I am really me after all? I could be them. 

Thu, 06/16/2011 - 18:00 | 1375965 gwar5
gwar5's picture

Reality: maybe spin a top on the table, and if it never stops they alrready own you. Seriously, B.M. is not hypnosis.

Behavior modification is basically nothing more than a series of rewards and punishments. In this case, the maze of life will be socially engineered to steer us along in the "right" direction -- which is their direction.

You may wake up from college as an accountant, unaware the government actually made the choice for you by limiting all your other choices --- through control of student loans. That might be their idea of Utopia but not yours or anybody elses. The tax code is already chock a block full of it.

 

(Behavior Modification) Woman says what it was like in Castro's Cuba as a little girl:

"What was it like in Cuba when I was 5 years old?"

"Well, everyday, the teacher in first grade would tell the classroom to put their heads down on the desk, close our eyes, and pray to God for a piece of candy.

Then, she would tell us to look up, and there would be no candy.

Then she would tell us to do the same thing, but this time to pray to Fidel Castro for a piece of candy.

When we were finally told to look up, there would be a piece of candy on the desk. 

That is what it was like in Cuba under Castro when I was 5 years old."

 

Thu, 06/16/2011 - 21:42 | 1376397 bigwavedave
bigwavedave's picture

Fidel 1 - God 0

Thu, 06/16/2011 - 23:09 | 1376587 Clampit
Clampit's picture

Ah poor baby - I had to cover my heart and swear obedience to state propaganda. There was never any god damn candy.

Thu, 06/16/2011 - 23:48 | 1376659 Cathartes Aura
Cathartes Aura's picture

++<insert random fave confectionery treat>

Thu, 06/16/2011 - 15:17 | 1375507 stiler
stiler's picture

Peak Government? Youa in't seen nuthin yet. You're not figuring for a black swan. You have to give room in your world view for God. He has all the power and right to do as He pleases. He can bring in a one world gov't if and when he wants (and by the way the bible says its the next gov't coming) Sorry I love freedom as much as many of you but if you are realistic, this jugernought isn't stoppping before total change happenz.

Thu, 06/16/2011 - 16:49 | 1375760 Azannoth
Azannoth's picture

I agree, 'Peak Government' won't happen untill every sentient being discoveres the 'god' in him

till every1 understands that he too can be a 'god' in his own right

'And I said, I am who I am and none shall define me but myself'

 - no1 shall issue a birth/death certificate for my body

 - no1 will own nor dispose of my body nor my mind

 - I am what I say I am not what's written on a piece of paper

 - I make and adhere to my own laws

 - No1 shall define good and evil for me to follow

 

The world will continue to suffer till every sentient being builds a 'Tower of Babel' in their own mind stands at it's peak and shouts 'I built this!'

Thu, 06/16/2011 - 16:55 | 1375800 Clark Bent
Clark Bent's picture

Ahem, really? 

Thu, 06/16/2011 - 17:03 | 1375834 Azannoth
Azannoth's picture

No1 can nor should make you do anything, it's up to you to live up to (your own) expectations

Clark Kent didn't decide 1 day to become Superman, he just is

Thu, 06/16/2011 - 22:04 | 1376368 New World Chaos
New World Chaos's picture

Amen.

"Thou art God, and I am God and all that groks is God." -Stranger in a Strange Land

TPTB have ben running a multi-thousand-year conspiracy to obliterate all connections to God within (shamanism, pantheism, gnosticism, psychedelics, the Eleusian Mysteries, microcosm/macrocosm thinking, etc).  This suppression of the truth is possible because all of humanity is living under a permanent "state of emergency" called the ego.  The Fall was when we instituted this state of emergency in a bad trip of the collective unconscious.  In this lower state of consciousness we created a system which gives Darwinian advantage sociopaths, parasites, social strivers and delusional careerists who can effectively use this mental state and pull others towards it.  This collective bad trip has gone on so long, and embedded itself so deep in our unconscious and even our genes, that most people think it is normal or even healthy.

In the future we will all manifest the God which will destroy the world government (the Beast) which was foretold by multiple prophets.  The overthrow will be a revolt against the Beast's infrastructure in our own minds as much as it will be a revolt against his physical apparatus of world government.  I am pulling for 2012 to mark the death blow to the Luciferian collective unconscious and the internet-powered rise of the divine collective unconscious.  It would fit nicely with the real meaning of 2012 (not the stupid movie version).  2012 is far too early for the final showdown but it would certainly be a good time to kick the Beast in the balls anyway.  This blow could be the beginning of the end.

Thu, 06/16/2011 - 18:29 | 1376014 Armando Javier ...
Armando Javier Finkeltein of the Boise Finkelsteins's picture

Have we hit peak religion yet?

Thu, 06/16/2011 - 15:22 | 1375513 economessed
economessed's picture

Mike - YET ANOTHER excellent submission - keep your fingers on the keys and your gold surrounded by liberal quantities of lead and brass.

Thu, 06/16/2011 - 15:24 | 1375521 Shell Game
Shell Game's picture

Excellent, Mike.  With QE2 going nearly in its entirety to European banks, the amazing effect of said 'cheap talk' was all too apparent.  Surely they won't veer from their game plan at this point.  I admit I was of the camp that they would actually pull the QE plug to make their point. But, alas, mere perception is all the money masters need.

As to peak .gov.....oh, so peak.  Tim-f'cking-ber.

Thu, 06/16/2011 - 15:24 | 1375529 proLiberty
proLiberty's picture

"Peak Government" is also the unintended goal of fiscal conservatives when thy lobby for lower tax rates by reasoning that to do so will increase government revenues.  When they do this, they may correctly be reminding big taxers and big spenders that they way to peak government is to realize the Laffer Curve is approximately correct.  At zero tax rate, no government, and likewise at 100% tax rate.

But the fiscal conservative is playing to the wrong sentiment.  The Founding Fathers stated the obvious: that we need government to secure the blessings of liberty.  The Foundin Fathers did not want us to secure the blessings of the maximum sized government that the economy could support.   The responsibity we all have to to MAXIMIZE LIBERTY, not maximize government. This is achieved by having the smallest level of government consistent with liberty. 

In this age of death by bureaucracy, fewer bureaucrats means fewer rules and less intrusion.  We need to financially strangle government as much as we can stand, not to seek to tweak the tax rates so government can be as large as we can afford.

 

 

 

Thu, 06/16/2011 - 15:26 | 1375541 Syrin
Syrin's picture

I don't know of a single fiscal conservative who wants to lower taxes in order to maximize gov't revenue.   They want to lower taxes to give businesses capital to grow their business, and individuals money to buy goods and services.   Plus, the whole concept of keeping what you earn is a big component as well.

Thu, 06/16/2011 - 15:48 | 1375615 Shell Game
Shell Game's picture

I don't know of a single fiscal conservative who wants to lower taxes in order to maximize gov't revenue.

You talk as if there are a bunch of them, I can count fiscal conservatives on one thumb.

Thu, 06/16/2011 - 16:36 | 1375745 MachoMan
MachoMan's picture

There are a whole bunch of them, they just never seem to find their way to congress or the white house...

Thu, 06/16/2011 - 17:20 | 1375870 Shell Game
Shell Game's picture

Agreed.  Seems that those who live within their means don't desire power either..

Thu, 06/16/2011 - 15:28 | 1375530 Syrin
Syrin's picture

GREAT article, and I couldn't agree more except on one point.  I don't think we need to help the sheep.   the sheep are the ones who kept voting for the people who got us into this mess to start with.   let the wolves have them, at least they'd be useful.

Thu, 06/16/2011 - 17:43 | 1375933 TruthInSunshine
TruthInSunshine's picture

The more sheep that awaken to at least the basic truth of the fraud being perpetuated upon them and their families, the better the odds of improving the system for all.

Fri, 06/17/2011 - 11:20 | 1377631 Syrin
Syrin's picture

I don't share your optimism that the sheep can be awakened from their slumber.   They've been too indoctrinated from grade school through college with a press re-inforcing the indoctrination message.

Thu, 06/16/2011 - 15:30 | 1375540 Marc45
Marc45's picture

Protests are good, dissent is good, change is necessary but revolutions hurt everyone except those who caused the problems to begin with (with the exception of a few scapegoats).  Be careful hoping for a revolution.  If it gets to the point where you'll need your stockpiled food and ammo, you'll be wishing for the good ole days when Goldman, JPM, etc. were in charge.

Thu, 06/16/2011 - 15:35 | 1375565 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

But if protests and dissent change nothing, what will...?

I'm long violence!

Thu, 06/16/2011 - 15:28 | 1375547 PulauHantu29
PulauHantu29's picture

What I learned from your article...or confirmed:

“Indeed, as I will discuss, I believe that a policy of aggressive depreciation of the yen would by itself probably suffice to get the Japanese economy moving again.”

 

“…and devaluation of the currency to promote monetary easing….”

 

“This is exactly what these bozos are doing when they say no more QE.  It is a boldfaced lie and they know it.”

That being said, I added mmore GLD, USO and SLV today.

Thu, 06/16/2011 - 15:35 | 1375569 Alcoholic Nativ...
Alcoholic Native American's picture

Tax revenues, like deficits don't matter anymore.  It's all a matter of national security.

Thu, 06/16/2011 - 15:37 | 1375576 Thurifer
Thurifer's picture

The breakdown result of Imerial Government is feudalism. And this time the Church is too weak even to provide a modicum of restraint on the lordlings.

Thu, 06/16/2011 - 15:35 | 1375582 Alcoholic Nativ...
Alcoholic Native American's picture

This economic downturn is a God send, finally we can get back to biblical values!

Thu, 06/16/2011 - 15:53 | 1375641 falak pema
falak pema's picture

like turning the other cheek?

Thu, 06/16/2011 - 16:31 | 1375726 Azannoth
Azannoth's picture

Do your 'biblical values' include witch hunts and heretic burnings ?

Thu, 06/16/2011 - 17:07 | 1375846 falak pema
falak pema's picture

He's lost his biblical tongue like Lot's wife...become a tower of salt.

Thu, 06/16/2011 - 17:09 | 1375853 dexter_morgan
dexter_morgan's picture

should they? Have read the book......cannot recall one witch hunt or heretic burning in it. Can you?

Thu, 06/16/2011 - 17:26 | 1375882 Azannoth
Azannoth's picture

I guess you missed reading the 'old' part, huh? theres plenty of that there, or maybe you got to reach the 'children's edition' and never saw the uncut 'teacher's edition'

Thu, 06/16/2011 - 15:43 | 1375596 FieldMarshal
FieldMarshal's picture

And TPTB would stand for?

Thu, 06/16/2011 - 15:49 | 1375633 Shell Game
Shell Game's picture

The Man....also known as, The Powers That Be.

Thu, 06/16/2011 - 15:53 | 1375634 Broomer
Broomer's picture

Governments right at the moment are as big as they will ever be in our lifetimes.

You're underestimating the communists, son.

Thu, 06/16/2011 - 15:59 | 1375648 Shell Game
Shell Game's picture

The Gulags were brutally effective at inflating the GSR, the government:slave ratio...

Thu, 06/16/2011 - 15:52 | 1375639 bugs_
bugs_'s picture

Peak Government!!  We can only hope.

Thu, 06/16/2011 - 15:54 | 1375643 Piranhanoia
Piranhanoia's picture

He knew that Japan kicked the can, saw how well it worked to keep insolvency from rotting a hole through the floor of the yen reactor.  He imported it knowing that it was the stupid idea anyone had for that successful a ponzi scheme.  There are smart people that can walk and talk at the same time. Our problem is we give others the benefit of the doubt when it comes to common sense.  Can't do that with people that have never had to do anything as hard as tying their own shoes, or doing anything resembling real work.  That is the disconnect with politicians.  They became parasites because they couldn't do anything else.

Thu, 06/16/2011 - 15:59 | 1375646 Andrew Jackson ...
Andrew Jackson epitaph's picture

FIAT money inflation in France during the 18th century by Max Keiser, Jim Turk and Pierre Jovanovic (John Law, assignats):

http://www.youtube.com/watch?v=7zvNV-vkEzc

http://www.youtube.com/watch?v=U4aRuiO1OuQ

Thu, 06/16/2011 - 16:11 | 1375683 Caviar Emptor
Caviar Emptor's picture

The victory and massive effort of world war 2, emerging form the Great Depression, Civil Rights: these were times when confidence in government was raised. Unfortunately, as Ike warned, the military-industrial complex and Wall Street bottom feeders were waiting in the wings to grab the pie. Then troubles began. To this day America is a society torn between the desire for endless military like ancient Sparta, but unwilling to live in the Spartan manner and so also nurturing a desire for prosperity. Trying to pay for both has proven to be a problem. 

Thu, 06/16/2011 - 16:18 | 1375702 Azannoth
Azannoth's picture

You people are waaaaaay offff on World Government, the world government is not waiting for WW3 it's has already happened some 70 years ago immidieatly after WW2

 

Everything that you people are scared about comming true, has already been with us for decades

Thu, 06/16/2011 - 16:36 | 1375736 Alcoholic Nativ...
Alcoholic Native American's picture

This. The NWO everyone is blabbering about is really just the old world order.  The charade of sovereignty is just falling apart.

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