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Larry Summers Opens Mouth, Proves All His Critics Are Correct
Larry Summers, whose days in the Obama administration are thankfully numbered, presents the most incoherent rambling defense of our monopoly banking system, yet to appear in the public domain. When asked if US mega banks should be broken up, reports the HuffPo, "Summers said no. He added that it's not significant. But that's not the important issue," Summers said during the interview, adding to his answer as to why the U.S. shouldn't break up megabanks. "[Observers] believe that it would actually make us less stable, because the individual banks would be less diversified and, therefore, at greater risk of failing, because they would haven't profits in one area to turn to when a different area got in trouble. And most observers believe that dealing with the simultaneous failure of many -- many small institutions would actually generate more need for bailouts and reliance on taxpayers than the current economic environment." We dare you to reread the above from Larry the Hutt and not have your frontal lobe disintegrate into antimatter. Sure, 4 out of 5 Goldman CDO traders totally agree that Goldman's monopoly in the capital markets is terrific, and, in fact, if someone could "organize" a liquidity event at RBC, Barclays, UBS and CS, they would really apprciate it, doubly so if, like JPM, they could then acquire the firms for a dollar over their Fed guaranteed debt. As for everybody else, well, if you have any doubt that Larry Summers is having his future personal assistant organizing his corner office at 200 West, he hope this should resolve it.
Yet there may still be hope that not all of America is run by corrupt demagogues. HuffPo writes:
A bill championed by Democratic Senators Ted Kaufman of Delaware, Sherrod Brown of Ohio, Robert P. Casey of Pennsylvania and Sheldon Whitehouse of Rhode Island proposes to break up financial behemoths. Observers say the proposal is gaining steam.
A test vote in the Senate Budget Committee on Thursday, which essentially would have expressed support for breaking up megabanks, failed by just a 12-10 vote. The small margin was surprising, one Senate aide said.
HuffPost posed the following questions, which were based on Summers's remarks, to the White House:
- Does Mr. Summers and/or the administration wish to see a Canadian-style banking system in the U.S. in which a handful of firms dominate the market in exchange for tougher oversight?
- Does Mr. Summers and/or the administration believe that larger institutions pose less risk to the financial system, due to their diversity?
- And for clarification's sake, how does "the simultaneous failure of many -- many small institutions...actually generate more need for bailouts and reliance on taxpayers than the current economic environment"?
In response, an administration spokesman e-mailed the following statement:
"The Administration has made clear its commitment to comprehensive Wall Street reform. The Administration's approach to ending Too Big To Fail includes stronger, more comprehensive regulation, higher capital requirements, new resolution authority to allow failing firms to fail, and restrictions on the size and scope of financial institutions. We cannot and will not go back to the status quo that caused the financial crisis."
Once the ponzi blows up, we hope that all those "representatives" who voted against Kaufman's bill will have long since moved to non-extradition countries. For their sake.
Fast Forward to the 4:34 mark in the video below:
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he's a fucking clown and the principle architect of our current problems, the destruction of Glass-Steagall. hate this fucker
Amen 2 jacks!
not only that, but he made the supposed current front-runner for the next supreme court justice opening, the notorious zionist, anti-free speech, pro-imperial presidency, elena kagan, dean of harvard law (her chief accomplishment according to wikipedia? free coffee for the put-upon law students). he is the gift that keeps on giving.
To say that Larry Summers is the reincarnation of John Law is to insult John Law.
Larry, you have the benefit of knowing what a disaster John Law was.
I know that some prefer to label Ben the Printer as the new John Law, but Ben is merely academic cover for a policy that predates his appointment. Ben didn't come up with the policy. Rather Ben was chosen because his pre-existing belief system and Depression-credentials provided excellent cover for the Fed's playbook.
Larry, if you actually give a damn about the USA, pay the US treasury the millions of dollars that you have pocketed from Wall St firms.
obviously some hard drugs.
Smartest guy in (on) the (sh)room(s).
Junk- Don't give shrooms that bad name
more like a personalized cocktail of synthetic pharms, look at the shifty glazed eyes. now what he needs is a heroic dose of shrooms actually, a hyperspeed trip back to mama.
He talks like he's been imbibing in those 3-martini lunches. Mmmm......maybe he skips the lunches.......
He's been all over the news, trotted around like he is the super authority on how things should be handled (besides Bernanke and Geithner), and you are right he's been involved from the beginning.
They want to regulate derivatives but just ask slick Willie who gave him bad advice about those.
http://www.pbs.org/wgbh/pages/frontline/warning/
OK, London I see as the first, whose the second, Kerouac?
Translation: it is tougher to hide Fed payments directly to many small banks than it is to a few large banks.
Absolutly right. +1
Its easier to control everything and hide it with a few big players .
EXACTLY. Took the words right out of my mouth.
He should join Greenspan and check themselves into a home for the criminally insane. Why anything they say is relevant is beyond me.
Agreed, yet even the Bush family has a home/land within a non-extradition country. Not verified, yet i bet you the Clintons do too as they are deep 'Arkancide' scum.
Fat fucking piece of worthless shit.
[Hereby i wish to apologize for my rants today. Since im unable to move much and vent the issues which trouble me in that way i do it like this. Once again, apologies ]
CB, no apologies necessary from one who enjoys your rants.
Hope you are okay.
Who on Earth would junk a comment like that?
Larry "the turd" Summers.
However, so long as he is a part of the 'solution', I know I have no fear over gold going down.
Some bitch pussy punk who can't stand it when someone speaks their mind, or Barney the PG-13 purple dinosaur.
No, not punk - he would hardly give a shit about someone else's opinion, honestly: http://www.youtube.com/watch?v=qN6TXY3WC4Y
Very nice choice.
Here's another great modern-day "f-you, I won't do what you tell me" song that's been dancing around my head recently. Great album by the way if anyone's interested. Definitely on my soundtrack for the apocalypse list.
http://www.youtube.com/watch?v=5Emeatglf_U
Nice, but I prefer the old classic fuck you music, Mean Street.
http://www.youtube.com/watch?v=ergk9eF7398
Agreed.
One of the finest guitar tones ever put down on tape. Plain and simple.
"Lord, Lord strike that poor boy down!!"
This is the f*ck music video you want: "F*ck the Fed"
http://www.youtube.com/watch?v=QeRv4IHoP70
More likely one of Cass Sunstein's minions sent out to infiltrate the blogosphere
Your average Lib morons.
They junk everything.
"Who on Earth would junk a comment like that?"
Either Larry himself or some Republic Party asskisser.
trolls who object to larry's critics.
Vent away.
I want to line-up under my Zero Hedge folk-hero CB, and pick-up where he left off:
Larry, you look like a large intestinal polyp and your opinions carry the same degree of usefulness as a polyp. (Someone get me a "seperated a birth" picture to prove it.) You spew more fact-free nonsense from your layered chin than ash from Icelandic volcanoes (that we can't spell or pronounce.)
Larry, it's long past time you make the decision "...to spend more time with your family." You are a compost heap of bad ideas, undeveloped perspectives, and misguided notions. Your physical image burns my retinas, and the sound of your voice is like a screaming infant on a long plane ride.
Larry, the country needs you......in Kandahar, Afghanistan. Remember to stay out of confined areas with poor air circulation less you asphixiate on the prodigious methane emissions you're known for.
With these eminent qualifications, he is quite suited for BB's seat.
I'm not getting sucked into that again! I already bet once that Summers would be replacing Zimbabwe Ben. Now I'm pretty sure that Zimbabwe Ben will be Fed Chairman till the dollar dies. After all look at Gideon Gono, that man still has a job.
but what would happen if they threw BB out of the door of the helo instead of the block of dough by mistake? Might BB be radioactive and short-fused cause he's seen too much?
+100000 Economessed
[Observers] believe that it would actually make us less stable, because the individual banks would be less diversified and, therefore, at greater risk of failing, because they would haven't profits in one area to turn to when a different area got in trouble.
Interestingly, I just today heard a republican banking mouthpiece (a guest on the show) on Fox Business spouting virtually the same nonsense. Exactly the same line. Must be from a talking points fax.
No, no, please keep it up. Rant away. Especially on this piece of feces (summers)
Sorry to hear you are suffering, but your rants are great; when you return to health I hope they continue.
Cheeky,
Vit. B17!!! Otherwise called Laetrile!
Apricot kernels! Germanium 132! EM-X! DMSO! Cancertutor! Mexico !
Do your homework as they are efficient! Take it in your hand, don't trust criminals in white.
Take care!
And put Tabasco on everything!
Tyler,,,,,,,tear down these junks.../ disable...
Gotcha!
indeed, who would junk? he is a fat fucking piece of shit. unfortunately he is worth much, much more than most of us and that is one of the telling indictments of our time.
More evidence that the elite continue to bet amongst themselves as to how dumb and complacent the general population is, and how much garbage they will willingly swallow as long as they're told that its candy, or medicine for their own good.
Apparently there is no limit.
More evidence that the elite continue to bet amongst themselves as to how dumb and complacent the general population is, and how much garbage they will willingly swallow as long as they're told that its candy, or medicine for their own good.
Apparently there is no limit.
The Power Elite are not taking all quite so well these days.
A Tidge of Panic in the Air, what with pieces such as this.
Thier World View Becomes Unglued.
Hopefully, they've little Center Left to Hold.
I don't know if it is panic so much as this site making (me in particular) more aware of their criminal activity. I would say that 'consciousness' is rising, but I don't know that many other people see it (until they are unemployed and they do.)
How much of the population needs to suffer before the awareness reaches a critical mass?
Really don't want to watch Larry Summers in HD.
Larry Summers is a metaphor for the waistland America has become. What a scumbag.
Amen. he gets my blood boiling more then geithner even. Waste of life needs to go away.
Hey John, Larry's fat - but I think you meant waste -land.
Ha!
How Did he stay awake during the interview? The pig needs a pitchfork..
How anyone so soporific can be considered a financial "brain" worthy of your attention just proves how inept our system will continue to be.
virgil, your icon freakin rules, though as a B&B fan, it kind of hurts me for you to compare timmy to butthead.
"Huhuh Gold is HARD currency. huhuh."
It's Beavis, dude.
no dillweed. timmay is in buttheads spot during the opening credits. beavis is always to the right. bunghole!
huhuh...you said "hard"...huhuh...FIRE...FIRE!!!
"[Observers] believe that it would actually make us less stable, because the individual banks would be less diversified and, therefore, at greater risk of failing, because they would haven't profits in one area to turn to when a different area got in trouble. And most observers believe that dealing with the simultaneous failure of many -- many small institutions would actually generate more need for bailouts and reliance on taxpayers than the current economic environment."
That was alot of FAIL in a fairly small string of words. Summers sure knows how to convey Stupid in a concise manner.
Not only did he demonstrate a complete lack of knowledge in what systemic risk is but he just justified permanent monopolies.
How does this man still have an audience?
Well, on the positive side, he did manage to skirt the "systemic risk" issue.
I must admit I too want to know how to make tons of money by saying mostly incorrect things or by saying nothing at all.
Is there some course for this? Is it Harvard only?
Nah, you can get the same course at Princeton or Yale.
I must admit I too want to know how to make tons of money by saying mostly incorrect things or by saying nothing at all.
Is there some course for this? Is it Harvard only?
200 West
Any arguement concerning TBTF is pointless. There should never have been bank bailouts in the first place. It does not matter if banks stay big, or are diced up. They were given sums of money free of charge to them that rival the budgets of empires over the course of their respected reigns. The banks should be forced to pay back the money NOW with interest of at least 11%; this to wipe out losses due to inflation. I am on to you Summers.....
Seems like now there is a new catagory TSTS (Too Small To Succeed) banks.
Kinda of like being the runt of the litter who can't get a teat.
Yes!
Actually the other category is too small to care. When they fail, nobody notices. At least not enough people to matter.
TBTF...you mean Taxpayers Buying Treasuries by Force?
my thinking is:
Banks holding the debt need to be propped up so they can continue to buy it up. If they fail, supply of treasuries on the market goes up as their holdings are liquidated. As the "price" of the debt fell from the excess supply, other holders might realize that it's a toxic asset and begin to dump as well.
Taxpayers are forced to pay for companies to buy debt that they can't afford. We're maxing out our credit cards at gunpoint.
excellent observation amigo. TBTF is a necessary tool of USA, Inc. and the officers of USA, Inc. are enabling TBTF to avoid having to come to face their own dysfunctional behaviors.
there's going to be a special place in hell for these scumbags
Its also going to be a very crowded place.
...and lots of special pineapples...
he kinda reminds me of the kid we tied up with the girls jump ropes and throw kick balls at during recess, all grown up.
What a complete fool. Just goes to show ya Harvard ain't cracked up to be what they think they is.
No NOT a fool. A liar and deceiver. Working for the cabal. Don't be deceived. These people know exactly what they are doing. Remember, this guy wrote a paper that was the blueprint for the current gold market manipulation.
+100
Oil over 85 again.
"Once the ponzi blows up, we hope that all those "representatives" who voted against Kaufman's bill will have long since moved to non-extradition countries. For their sake."
Representative. n. A member of the lower house in this world without much hope for promotion in the next. - Ambrose Bierce
JACKASS II:
http://williambanzai7.blogspot.com/2010/03/jackass-ii.html
@ "We cannot and will not go back to the status quo that caused the financial crisis."
???
because, per THE plan, Globalism was the means of entangling economies so that a subsequent financial crisis could be used to usher in Global Goverance; we can not let this crisis go to waste, we can not go back.
+24K
naomi klein: the shock doctrine
There's something deeper going on here. Larry Summers is simply not this incoherent or delusional unless he chooses to be. He is trying to support a system that is inherently unstable and that will implode if not changed.
We spend an inordinate amount of time trying to explain away the madness. We try to apply all kinds of reasons for the insanity, whether it is greed, ego, self interest, avoiding responsibility or whatever. But we never really take the time to consider that they really do want the system to explode.
Or more to the point, they are trying to run the car at the highest speed possible and they know by doing so they will eventually blow the engine and they don't care, they accept that it is a reasonable cost to get what they want. While we could come up with dozens of reasons for his view I believe they come down to one.
He knows he simply needs to keep the system afloat for "x" amount of time and then it doesn't make any difference because there will be no need for another system, what I've begun to call the doomsday syndrome. The reason I say they don't feel the need for another system is because there doesn't seem to be any concern for what happens when the engine explodes. They are not trying to save any of the pieces, just drop as much nitro into the engine as possible for as long as possible.
What solution combines all the variables in the best manner? Too many times when coming up with solutions, I see people throw out entire puzzle pieces simply because they don't wish to go down certain paths or they just don't fit. Why are so many elites so blinded by the magician? To say simply greed or self interest doesn't control for all the different variables. This would assume that so many of them are morally self absorbed and this is not so. As much as it would make us feel better to believe they are all scum sucking bastards, this just isn't so.
Something else is going on. I don't know what but I've been perplexed by the answers given by our leaders for years now, ever since the beginning of the Bush administration with the secret meetings with the oil companies and other industry groups. I know this post will draw out the shouters, screamers, trolls and disruptors, but folks we need to start thinking in areas we don't wish to think.
They want to keep the system going because they are the system; they can't even conceive of a different one. There is no plan B, and if there was it wouldn't involve them running the show; the wealth, power, and prestige they worked a life for would be gone.
nah. The system doesn't matter to them. There is a plan B and a plan C, they see themselves on top of any system they can create or wreck, kinda like Holmes on Homes...this is shit, it has to go. If they can't squeeze any more out of what they have, they'll just wreck it and start a new game. George Herbert Walker Bush was a accused of this philosophy (if you can't change gov't through normal channels, just break it).
And of course one has to be mindful of the Joker Card:
"With a thousand lies - And a good disguise - Hit ‘em right between the eyes - Hit ‘em right between the eyes - When you walk away - Nothing more to say - See the lightning in your eyes - See ‘em running for their lives
Now dance, fucker, dance - He never had a chance - And no one even knew - It was really only you"
True.
Interesting observations, CD.
Perhaps I'm too simplistic here, but I feel that the current Administration is lining up scapegoats for the upcoming November elections... and Mr. Summers is apparently the #2 target in sight. Clearly, there appears to be a fundamental difference of opinion on TBTF... and Mr. Summers apparently is at the point where he doesn't care about "team player" thing. He will be working for an investment bank before the summer is over.
BTW, Goldman Slacks happens to be #1.
NWO. We have a new super-weapon we will be able to use once the population is desperate enough.
CD
Could it really have gotten away from them and they're scared ? I used to think the Mob had transferred their wealth and influence to the banks, but the host is being killed here and I haven't been able to understand why. The baser side of human nature, that is hunters preying on the weak maybe ?
Having worked with these kind of people more than I'd like, I really think it's a level of unparalleled hubris and specific ignorance of how complex systems work. I'm oversimplifying, but I think it's much to do with Taleb's 4th Quadrant. Some of these jackasses may know we're staring at a decline, but they're depending that the chart will have a symmetrical decline (mirror image of the climb), after all, they usually do! What they are counting on is that we won't have a catastrophic systemic failure where it implodes suddenly.
Based on imperical logic: if these people expected a catastrophic failure of they're own creation which would result in millions starving (including veterans) and suffering because of it, somebody (probably a crowd) is going to come looking for you, probably with high-level training, and they won't be coming for an autograph, if you know what I mean. There would also be no easy way of protecting one's self against those kind of security risks. Unless you have your own private army, have Iron Man's suit or something silly.
Rembember the advice the Roman Emperor Severus gave his son: "Get along; pay off the soldiers; and disregard everyone else."
They already have their own army. Blackwater.
You raise some interesting points I've seen and heard ascribed by others as well, that it breaks down to maybe they know something the rest of us don't?
Perhaps, everything being ascribed to human-caused global climate change (while the human causal factors can't be denied) is actually happening concurrently, and it is simply caused by a deterioration of the earth's geomagnetic field, which would cause everything which also happens to be happening from global warming (i.e., increases in carbon dioxide, decreasing oxygen content in the atmosphere, increasing glacial melts, increasing acidification of oceans, increases in cancer rates, etc.).
But the problem with this line of thinking is tht it presupposes a normative and rational bias in the greedsters --- the assumption that sociopaths have any time sense whatsoever.
And, of course, numerous studies have demonstrated that the two major absences in the sociopathic mind are human empathy and sympthy, as well as a lack of any true time sense.
Maybe it is a forthcoming polar shift, but I still must gravitate to the thinking that it is simply sociopathic greedheads.
I've known far too many CEOs (and a few billionaires) who were simply too simple-minded to think beyond their own greed.
Simple minded with a narrow focus. I find the most "successful" and "productive" people I work with are the ones most able to rationalize what they do. Sociopaths on top.
Maybe America is just milk cow for them? If it dies then, well, they will find another one somewhere else? Maybe they know the cow is terminally ill and the only thing you can do is suck as much as possible till an inevitable end comes?
I think the assumption by many is that our elected and appointed officials have our best interest at heart. They don't. That is why everyone is both perplexed and maddened by their comments. They believe the "system" is of greater importance than its constituents, and more importantly, their definition of the "system" is whatever keeps them in power. But as you say, it goes beyond that. It takes a certain belief to justify the means. It is like a mass murderer who convinces him or herself they are morally correct, or doing "God's work." They are sacrificing few for the greater good. In other words, they honestly believe they are doing the right thing, and can rationalize any comment or action to support that belief. Perhaps Summers believes he is "saving the Republic" or "recreating a better America" because he, in all his academia glory, knows what is right. But it is the link to what he always believes to be right, and the action that will always benefit him or his colleagues, that is fatal. This form of sociopathic rationalization is a fatal flaw in the human mind, and once it takes hold, is like a cancer that re-inforces itself.
Great point John. My wife and I were discussing this very topic last night that "they" think they are doing good. They are so distorted in their view and their minds that they can't comprehend good. So to them what they do is right.
My personal view is they know that the patient is terminal and think if they have a wall of money that somehow that will stop a hail of bullets and bombs.
Martin Armstrong – The Paradox of Solution
http://economicedge.blogspot.com/2010/04/martin-armstrong-paradox-of-sol...
i don't know how to cut and paste the scribd of
Armstrong Economics
The Paradox of Solution
john_conner:
You are correct, and one expression for it is cognitiive dissonance. Summers is displaying an extreme version of it. Also, like many in the current administration, his loyalties don't run soley to the US.
Actually I am but I don't want to say anything unless you're thinking the same thing.
Please do. I want (or need) to hear all angles. Even the ones that involve near certain extinction.
GG
And that's the problem, because while we may flatter ourselves to think we are rebels or we think outside the box or that we expose lies, in realty there is plenty we don't talk about for fear of ridicule, because it's too far off the mainstream even for us.
This is why I talk about trolls and disruptor's. Because without realizing it, they help set the parameters of what we can and can't talk about. If someone were to push the edges here on ZH, you will see the trolls swoop down and start flaming and there are enough regulars here who aren't willing to think too far outside the box that they will join the trolls. Look what happens when someone talks about 9/11. There is enough evidence available to raise serious questions about the official government story, yet when someone talks about it, they are attacked by trolls and regulars. This was the reason Project Mayhem left.
We are not that brave here on ZH. As long as we stay strictly within the lines of pointing to the bad guys at GS, Wall Street or government, and then only within narrow parameters of thought that you would feel comfortable speaking about at the party, everything is OK. Otherwise, nope, don't go there.
What is the purpose of the comment section on ZH? Are we adding value? Are we exploring any further beyond the article that produces the space for our comments? This is why I have tried to expand the subjects covered here on ZH with my articles on Consciousness and Ego, to stretch the boundaries. But when I try to explore a little further, people start to get nervous and the attacks come.
Quite frankly I'm getting tired of it and I've been seriously considering packing my bags and going elsewhere. It's not worth it to have to constantly measure the wind to determine what's safe to talk about. This is called self censorship and I'm tired of it.
Losing PH was a definite loss but don't be so quick to blame trolls and regulars. This place definitely has plenty of spooks from the viral division of the dept of propaganda and lies posing as trolls and (dare I even say it) regulars. Dig around the internets, you'll find the DoD white papers on how to influence or even run forums and messaging sysytems for fun and profit.
"Dig around the internets, you'll find the DoD white papers on how to influence or even run forums and messaging systems for fun and profit."
I have done extensive research on this subject and this is why I know what I'm talking about and why I speak confidently about how trolls operate, how they change IDs, work in pairs etc.
I'm not saying Project Mayhem was driven off by trolls, only that PM decided it wasn't worth it, at least not at ZH. There have been a number of long timers that have left over the past 2 months. At the same time, the number of registered ZH'ers who show as having registered 30 to 40 weeks ago and have very little if any activity in their history are suddenly showing up over the past 4-6 weeks and they are disrupting.
There is a definite pattern here. I've pointed it out on several occasions but I'm usually told it's nothing. It's clear there are many operatives here on ZH and there are many regulars that just don't wish to accept that it's happening. They are more than happy to keep their blinders on and chase the next article. Like I said, I see a lot of wheel spinning and I'm getting tired.
My bad.. I didn't realize you were using "troll" and "paid agent" in the same sense.
http://www.youtube.com/watch?v=1Vx8KpqTVCk&feature=PlayList&p=7B70DCED42...
I dig it CD, but you know what? Let me at them fools....I'll fuck 'em up and send 'em crying to Daddy Warbucks.
You know why? They have replica written down the side of their gun, and the fact that I've got Desert Eagle point 5 0 written on the side of mine.....
http://www.youtube.com/watch?v=s376ZbPG-OM
9/11 was Dick Cheney's big accomplishment.
"Let Me Know When You See Fire": http://www.youtube.com/watch?v=hT-po-tmJRc
www.ae911truth.org
CD
I knew you were holding back. You are always going to face dissention no matter where you go. This place is the ideal place to explore those so called far out thoughts or ideas. People should be mature enough to ponder anything even if they find it offensive or too far out to fathom. I am at the point in my life that I try to evaluate openmindedly before I offer an opinion or judgement, because I have been wrong many times when I thought I was right. I welcome any ideas or theories because It might help me to better understand the world and the problems we are facing. I have learned a lot here and intend to learn much more.
I'm a neophyte on this forum so I probably lack standing to contribute to this discussion, but I've been lurking longer here than I have been contributing and have come to realize more consciously what I like and don't like here. I'm not so sure that it is that people are unwilling to go places that seem dangerous, though I believe we are probably better off in general to assume that all of our posts are monitored by certain stasi types. Rather, it's the ideological, knee-jerk quality of some posts that puts me off. Ideological in the sense of knowing the truth and therefore not having to think, "gold bitches" being a prime example of this type of post. I liked Master Bates when he was still around because it is clear that he thinks. Likewise, I was enchanted with JR's posts on international affairs concerning the US attack on Kandahar, which added considerable insight, just to give a couple of examples. There are many others who contribute insight on this forum. Parenthetically, they tend not to be the four letter word specialists. When all is said, what we are really looking for is insight--new thoughts and perspectives that aid us in our own understanding. I've found that ZH is a real time hog and I don't know how people who still have jobs can even find the time to read all the chaff that we have seen lately, just to get a few worthwhile grains of insight. Certainly, some topics tend to attract people with axes to grind who have nothing substantial to contribute, and I would assume they tend to be the ones with the most comments.
I would think that posts that contain real thought could even venture into the more dangerous areas, such as 9/11, because the type of lowlifes doing the monitoring are usually stupid, unsubtle people, incapable of discerning what is and is not actually subversive. Just some thoughts which I hope were not expressed too arrogantly.
they want you to quit. don't let them do it.
There are no "bad guys" anywhere. They are providing a learning class, it is the students who have yet to learn. "In order to win at a con game, you must learn not to play."
I have not been ZHing long. CD, truly the majority is .gov. story loyal on 9-11 here? Nice to know.
You want to fight but you getting tired because they just applied some Cass Sunstein medicine to you? Don't worry if you are fighter you withstand this, it can be much worse, I asure you!
So how do we correct this CD? (Outside of keeping open minds) You are a top talent around here and it would suck to lose you. How do we "get brave"?
No CD, don't go!
ZH isn't only read by Americans!
People all over the world (like myself) read it.And many more than you believe share your opinions. I miss Project Mayhem and wish you stay with ZH!
ZH IS international and we are not afraid to reflect and analyse. Maybe Americans are blinded being patriots but the rest of the thinking world not!
The fact remains -- voting is the preferred method of throwing the bums out.
I used to say that my list of the things I wouldn't do for a million dollars is shorter than my list of things I would do. Within that context -- When you can literally offer billions of dollars for something ... well ... let's just say that I don't look down on conspiracy nuts any more.
I have become a cynic and I resent it. I liked my rose colored glasses better.
CD, I don't care about the trolls at all - it's more about how I/we have been conditioned to think and interact in our present day society (mostly as a result of a rotten and corrupt "education system"). Any new ideas, original thinking - especially those that challenge the status quo and/or "everything's just fine" worldview - are met with vehement resistance.
We have become so conditioned that even when we can hide behind the anonymity of ZH IDs and avatars, many don't wish to speak.
It's not the trolls so much but the operatives acting as trolls. There is no moderator on ZH at all. On the Gold thread there was one troll who admitted he was just trying to disrupt. Sorry but that's not "free speech" at that point and he should be thrown out.
Some people wish to have intelligent conversations on ZH and that is quickly becoming impossible. As egotistical as this may sound, I work hard to further the discussion here on ZH and I'm getting tired of being stepped on. It has become utter chaos here.
They don't train the Secret Service in how to spot counterfeit by studying counterfeit, they study the genuine and the anamolies in the counterfeit, even the subtle ones jump out to the trained eye. So, as long as there is a good measure of genuine, I don't mind the counterfeit.
It really does jump out at ya.
nice point JK.
CogDis, don't forget what movie this entire place is modeled after. i'm actually surprised that there isn't more of it here. and no matter how far you run, you can never escape. the world, right now at least, is a mind minefield.
and detachment is not the same as indifference.
just a thought to chew on...
I will.
We know you will.
Philosophy and Theoratics.http://www.youtube.com/watch?v=SQ8imPmQ0js&feature=related
me too!!!!!!!!!!!!!
Where's Gilly from the Upper Fifth gone?
What the hell are you talking about ;)
8 Rules of Fight Club:http://www.youtube.com/watch?v=fbMa4MGFCOg&feature=related
I, for one look forward to your wise commentary CD! You and Cheeky, Marla, and Tyler are the best! I look forward to the return of PM.
Fuck the trolls! Kick their ass outta here!
Idiots, please don't bother to comment!
+1mmm Me too. my personal life has become hell... ZH is one of the last things I have. CD, you can't leave us... I NEED you man!!!!!
Keep your chin up and do please stay in our ZH conversations, CD.
Many here read voraciously, and some are more than willing to apply actions to their beliefs. I, for one, have been here for months but only recently registered. This does not mean that I have only recently seen the light, however...
Non-participation in the system is a first step. Non-force is a force in itself.
Later steps... Well, I will do my best to live up to my name.
Too many people in the U.S. have been conditioned to believe that discrimination is bad in any form; when in fact it is typically a good thing (e.g., that is how you get well functioning universities, sports teams, etc.). We have been conditioned to accept name calling like you are a Nazi, a racist, a nativist, etc., etc., ... for discriminating (i.e., if you say something they don't like, and especially if you are white). Unfortunately, so it goes also with blogs realted to economics, except insert words or expressions like gloom and doomer, gold bug, etc., but I've also seen the other words too. This must end or no likely progress on a debateable issue can be made, which, of course, is the intent.
What you need to state is that the website needs to discriminate because you think it has been hijacked by people with the intent to destroy it. Now if your intent is to silence those that don't agree with your message, but who's intent is to have an intelligent debate, then that is another can of worms altogether.
CD, my good man, do not even think about leaving ZH. I know how you feel. When i got my contrib gig on ZH i also wished to write about non-financial topics which would broad the horizon of thought on ZH. But it was impossible and more often was i attacked on a personal basis than were the articles i have wrote commented on. In my mind the problem is that 90% of ZHedgers are in some or another field of finance and they adhere to thinking in terms of probability, numbers, equations. Also they do not think further into the future than the futures market. That is the problem. Every time i posted an article which was about either philosophy/sociology/geopolitics i was either ridiculed by the few or dismissed in whole. And then my health got worse and i stopped writing altogether (i will write something as soon as i manage to subdue the pain to a level which would allow me to express and represent my thoughts in a coherent and valuable article[s]). Also many have migrated here from the pages of MarketWatch and numerous other blogs which arent/weren't as radical as ZH. ZH was a pretty fringe place in the beginning and many of us had spent countless hours debating, writing, deepening the discourse in the comment sections under the articles. It is unfortunate to say that the comments became diluted with mainstream, more often than not PC world-view and that has taken a toll on some of the ZH settlers which i barely see anymore. And that is a shame. The quality of the articles Tyler posts is the same if not better, but ZH had a better feeling in the past, when its commentators where a pack of rabid, angry, steroid filled bulldogs ready to rip and bite and chew and spit out every conventional line of thinking and every dogma thrown at them. Now apart from you, Gordon Gekko, Chumbawamba, MsCreant and some others all i see are puppies who yell non-sequitur lines and whos egos are bigger than houses. Intertextuality is a wonderful psychological method when it comes to evaluating other persons character when the only representative sample of said persons character is his/her writing. What i want to say; people got cocky, satisfied and fat in their thinking, lazy, non-challenging and compliant. That is the problem. Also if you leave i will eat your children and sell your wife on cougarspace.com to any and all potential bidders no matter what the bid.
ZH has been suffering a bit b/c of its success. It started out as that great secret lil neighborhood place with amazing burgers that just you and your friends know about. But then word gets out how great the burgers are, and you get the tourist crowd in.
I think cheeky is correct in pointing out that a lot of people are coming over from mainstream finance blogs and are not used to open minded discussion and certainly not anything that is not directly related to finance.
May there be a way to create a zone for geopolicitcal/pysch/philosophy discussion? A sub-site?
But CD, do not give up. Your posts have inspired me to take (completely legal, mr. secret service agent!) action and have been on a personal crusade to get my zombie friends and fam thinking. Just last night my father was over for dinner, an establishment boomer if there ever was one, we had a great 9/11 discussion and he was very receptive. ZH gives us a place to hash out theories/opinions and then allows us to communicate that in the real world.
I urge patience, this is a battle that will take years. YEARS
Have to answer to this eventhough this thread is old and you probably won't be reading this.
In some of our "silent type" cases the fact is that I for one feel very humbled in this company for a large part because of my inexperience in this field (I'm a engineer) and I'm fairly young (28) so I do not have much experience on these matters. I have been reading Martin Armstrongs texts, FOFOAs pages and ZH for the past 1,5 years and tried to learn and understand as much as possible. Still I feel that I really cannot contribute anything for I feel inadequate.
Sorry for rambling a bit. ALSO DO NOT STOP CONTRIBUTING to ZH discussions. This is the only place where I can see that people think the same way or at least give me new ideas and things to consider.
I humbly thank you ALL and truly ask to go deeper into matters that seem "no go" because that means that they are the ones that really have to be taken apart and put together again. So that atleast some questions get answers.
Edna Mode (the Incredibles)
http://www.youtube.com/watch?v=eLDWhn8HZfY&feature=related
on Fri, 04/23/2010 - 17:39
#315531
We have become so conditioned that even when we can hide behind the anonymity of ZH IDs and avatars, many don't wish to speak.
It's not the trolls so much but the operatives acting as trolls. There is no moderator on ZH at all. On the Gold thread there was one troll who admitted he was just trying to disrupt. Sorry but that's not "free speech" at that point and he should be thrown out.
Some people wish to have intelligent conversations on ZH and that is quickly becoming impossible. As egotistical as this may sound, I work hard to further the discussion here on ZH and I'm getting tired of being stepped on. It has become utter chaos here.
You sound like a cry baby gold salesman! WAAAAAAAAAAAA! Gold trumps ammo! WAAAAAAAAAAA!
So get the fuck out pussy! thin skinned lil bitch! Go quit somewhere else! next!
The fact that there is no moderator is a good thing.
It is up to you to sort out the wheat from the chaff.
& you can always flag as junk.
Some readers are still obsessed about making a few pennies in the market, and come here looking for clues. That doesn't make them bad people, just a bit short-sighted in my view.
Many more are just trying to safguard their savings and property, and just want comfort and guidance.
Others are looking for a violent revolution; I don't think that will happen, but they can stir things up as much as they want to in my view, cos it takes a full spectrum of views to make a society.
Others just have a fear of slavery; and though they fully expect to end up enslaved, they just want to know they are not alone.
The rest of us just want to fight win this war by legal and honourable means.
CD did you see my post ? on the GOLD piece?
Yes I did. You said....
CD
well does that mean they have to log in and out and solve the math problem?
i want to change my name, how can i do that?
how can i get rid of velobabe and replace it with something else?
No, they would simply need to be running ZH in two Internet Explorers at the same time logged in under different ID's. If you want to change you're name, if it is even possible, you would need to contact ZH directly. Not sure how to do that. Look around for contact info on the home page. Or click on "my account" after logging in and looking around there. This place looks like it runs itself now that Marla is no where to be found.
IMHO FWIW it was a mistake to do away with the anonymous posting capability. The wave of new registrants have diluted the "ZH brand" as to the comment section.
they have been talking about reducing the world population, to a manegeable number, for decades. maybe they have been planning too, and are now initiating action. (contrails spraying, is one example)
Making it so women had to work to maintain a lifestyle has had the same effect. Forcing women to choose between work or family, has reduced population growth worldwide. Only in areas where there are no jobs for women or women don't work are the numbers rising. You need 2.8 kids per couple to maintain poputation, most countries aren't even close.
http://www.youtube.com/watch?v=lhJCTFZf03A
What do you think women's lib was about?
the Rockefellers funded it.
1)To tax half the population
2) Get kids in school earier, break up families, get a more malleable population.
CD,
"I understand you are having trouble deciding whether you will do God's work or the work of an activist. I propose you can do both."
Stay the course.
where would you go?
Cognitive Dissonance,
I really agree with your post and like what you have to say.
For me, it's like once you come to believe,
everything in your life changes. It's like being Columbus, everyone thought he was insane, when he that the world was round.
The drafters of THE plan knew that the few us that would put it together would fall towards insanity during their lives, as I have gane through a few bouts myself.
They also the "pysoclogically impact" would be to great who any one to consider 911 as done by own people.
The young people get it, but are to disconnted to care. The old people are to connected to fully believe the truth.
I personally think THE plan calls foe ushering in a new world reserve currency. Not much talk of the "Amero" these days.
What the FED is doing, is much like what Donald Trump did with the banks in NY in the 80's. Got into bed with every bank, so they had to bail himout.
Our currency will be totally basterdized, before or after the boom, and in comes in the new currency, and probably a RFD chip "for national security" reasons, after a false terror which I believe will be sooner than later. The false terror attack will allow for Obama to stay another 4.
Mark my words. The world will be a completely different place 10 years from now.
These men all know THE plan.
You make some great points, as usual, CD.
This has been troubling me for quite some time: recently that somewhat bogus (can't decide whether she is one of the misdirectors, or simply simple-minded at times) Ariana Huffington censored Jesse Ventura when he simply addressed why questions weren't being raised about the circumstances surrounding 9/11/01.
In the years after the Kennedy assassination (JFK, the first one I mean), when America still at least had a semblance of a real news media, numerous stories attacking the "findings" of the Warren Commission could be found in as disparate publications as Ladies Home Journal and Vogue.
People today are disbelieving when I state this, but that's the way it used to be in America once upon a time.
Today, no one is allowed to Question Authority (certainly not by Ms. Huffington who came here from fascist-era Greece) -- and only Democracy Now resembles anything remotely close to former news reporting which once took place (and even that is sadly lacking, as one finds planted stories from time-to-time, as well as an ignoring of causal factors for current events, etc.).
OBooger and Co don't give a whit about the sytem. They just want to destroy it.
i disagree, they ARE the system and the system is eating itself and trying to take everything else with it.