This page has been archived and commenting is disabled.

Mike Krieger Asks The Logical Question: "How Long Until Obama Starts Writing Checks"?

Tyler Durden's picture


From Mike Krieger of KAM LP

How Long Until Obama Starts Writing Checks?

Society in every state is a blessing, but government even in its best state is but a necessary evil in its worst state an intolerable one; for when we suffer, or are exposed to the same miseries by a government, which we might expect in a country without government, our calamities is heightened by reflecting that we furnish the means by which we suffer! Government, like dress, is the badge of lost innocence; the palaces of kings are built on the ruins of the bowers of paradise. For were the impulses of conscience clear, uniform, and irresistibly obeyed, man would need no other lawgiver; but that not being the case, he finds it necessary to surrender up a part of his property to furnish means for the protection of the rest; and this he is induced to do by the same prudence which in every other case advises him out of two evils to choose the least. Wherefore, security being the true design and end of government, it unanswerably follows that whatever form thereof appears most likely to ensure it to us, with the least expense and greatest benefit, is preferable to all others.

- Thomas Paine, Common Sense (1776)

Back to the Future:  The “Stimulus” Act of Early 2008

Let’s all take a trip back to February 13th, 2008.  Our war mongering 43rd President, George W. Bush, freaked out by the impact of the subprime crisis on the U.S. economy announced the now almost forgotten “Stimulus Act of 2008.”  A big part of this typical Keynesian stimulus (remember Keynesianism is not a partisan thing it is a economic religion handed down by the Fed to both the Republican and Democratic establishment) was simply writing checks to people.  At the time, I criticized it harshly and said it would lead to massive inflation.  Guess what?  Oil was trading at about $93/b and five months later it topped out at $147/b for a monster gain of 58%.  Then all hell broke loose.

George W. Bush should actually be a hero for most of the fake liberals and fake progressives out there that just spout meaningless drivel about how things should be without ever bothering to look into and understand how the global financial system actually works.  That would be too much work.  It’s much easier to just be ignorant and support “your guy” as they county goes down in flames.  The reason the fake liberals and progressives should love W so much is that at least he just wrote checks to average people.  Obama is the biggest puppet of the banking oligarchs in American history.  I mean this guy’s entire administration so far has revolved around printing money and handing it out, but rather than hand it out to the people he gave it all to the banks that cratered your children’s futures in the first place.  Of course, in order to give away trillions to the financials oligarchs that should be in prisons as opposed to the petty dealers caught with dime bags that fill the prison you need to give the money away in secret.  In comes the Federal Reserve.  To make matters worse, after the Fed and Obama bailed out the banksters the next way to hand out money was defined in Jackson Hole Wyoming in August of last year where Banana Ben Bernanke laid out his plan for QE2.  The unstated yet stated purpose of this policy was to juice the stock market.  He has succeeded wildly in this manipulation until now.  Again, it isn’t the 44 million (a new record every time the data is updated) Americans on food stamps that benefit from this policy, it is the financial oligarchs that game the system and push the stock market up until the point that retail investors finally buy the stocks from them and then they are permitted to crash.  Don’t play their crooked game, don’t buy stocks buy physical gold and silver and take this nation back from the sociopathic financial control freaks running it now.

How Long Until Obama Starts Writing Checks?

The big news this week from Saudi Arabia is that upon his return to the Kingdom after a three month medical absence, King Abdullah has decided to implement a massive $36 billion payoff to his people to stem off any revolt.   Amongst other things:  “The measures include a 15 per cent salary rise for public employees to offset inflation, reprieves for imprisoned debtors, and financial aid for students and the unemployed” according to the Financial Times.  Interestingly, this is exactly what I said would happen in my recent interview with Max Keiser from last week.  Please take the time to watch as it offers more detailed analysis on how I think this will all play out.  It is in three parts and I have gotten great feedback so far.  Link below.

So the payoffs have begun in earnest and the question is, when will banker puppet Obama will engage in similar tactics.  My guess is very soon.  More and more people are aware of the sham that is his presidency and as the people realize they have been sold out to make sure the financial oligarchs got their record Christmas bonuses and can fund his 2012 run he will need to give a pay raise to the 15% of Americans on food stamps.  Interestingly, my friend Dave DeGraw at Ampedstatus recently put out an excellent report where he shows how poverty and inequality in the United States of Banana Republic are in many ways comparable or worse than in Egypt.  The whole report is here.

In it he also shows how JP Morgan is making some nice money on the food stamp business.  Yep, it seems JPM is the largest processor of food stamp benefits in the United States.  Here is a video interview with Bloomberg TV’s Margaret Brennan about JPM’s $5.47 billion in net revenue in this business.  In the interview, this guy admits “the food stamp business is very important to JP Morgan.”  Poverty is good business for these folks.  You starting to get the picture of how this works?  Thanks for the change Obama you gigantic fraud.  Video is here you have to watch this...

Niall Ferguson Tells Americans to Accept Their Debt Slavery

I used to kind of like this guy.  No longer.  When I read this article yesterday it made my blood boil.  The article is titled “America Should Sell National Assets To Balance The Books.”  As a historian he knows that when people are stuffed with impossible to repay debt they are reduced to slaves (look up “indentured servant” for a historical reference).  This trick has been going on since the beginning of recorded history.  My argument is that Federal Reserve Notes (we inappropriately call them dollars) and the debt itself are based in fraud and are therefore illegitimate.  Most Americans were against taking on all this debt and it was shoved down our throats to bail out the financial terrorists that did this to us in the first place.  If ANYTHING what we should do is shut down the TBTF (too big to fail) banks and then sell the assets of the bank executives like Jaime Dimon and Lloyd “doing god’s work” Blankfein.  Ferguson is a lot of things but stupid isn’t one of them so this is really a total disgrace.  We should just default on all the debt accumulated since the crisis at the very least.  America is still long a lot of the things the world needs like food and water and we can use that to dig ourselves out from the rumble after default.  Our standards of living are going to plunge NO MATTER what we do.  This is written in the cards based on past behavior, but it is better to be poor and free than be poor and also a slave to foreign interests and a banking oligarchy.  Shame on you Ferguson.  Article is here:

The Sleeping Giant is Awake

A couple of days ago a contact of mine sent me an email telling me he was considering getting another passport as a hedge.  This was my response.

I too initiated the process that you are in now several years back.  I started looking into another passport and actually could have done it rather easily but I stopped the process at the last minute.  The reason I stopped is because I wanted to feel like my back was against the wall to keep me fighting hard.  I also think that I have no reason to flee and the people that need to think about fleeing are the parasitic crooks doing this to the country.  America is made up of the descendants of the most aggressive, ballsy, entrepreneurial people on planet earth.  We are the descendants of those that didn’t stay put where they were but left everything and came here because they wouldn’t stand for tyranny.  Their blood runs in our veins.  We may have been conditioned to be sheep but we are waking up and I think critical mass has been reached.  I agree with you on the average joe being lazy and asleep, but the average joe is always a spectator to the real changes that are instituted by a small percentage of the citizenry.  Anyway, we shall see but I will go down swinging.  I owe it to my grandparents (who fled Eastern Europe) and my mother (who fled Chile in the 1970’s).

Still swinging from Co,


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 02/24/2011 - 14:20 | 993878 Turd Ferguson
Turd Ferguson's picture

More fantastic stuff, Mike.

I like you even though you live in Colorado.

Thu, 02/24/2011 - 14:32 | 993935 Upswaller
Upswaller's picture

Turd, do you have to be first on everything?

Thu, 02/24/2011 - 14:37 | 993945 tmosley
tmosley's picture

Do you have to complain about everything?

Thu, 02/24/2011 - 14:59 | 994023 Upswaller
Upswaller's picture

Hmmm, it was a tongue-in-cheek comment to those who understand him.

But that DID hurt my feelings.

<sarc/off>  better?

Thu, 02/24/2011 - 15:27 | 994185 Harmonious_Diss...
Harmonious_Dissonance's picture

The Max Keiser interview was beyond Awesome!! Very good analysis, and so it seems it's playing out. Well where do I go get my 'Bama Bucks?? (I will use them to increase my silver position)

Thu, 02/24/2011 - 15:25 | 994176 the mad hatter
the mad hatter's picture

you've been turgled.


As for the article, obama already has. You can get unemployment checks for 2 whole years.

Thu, 02/24/2011 - 15:29 | 994194 -Michelle-
-Michelle-'s picture

That's what I was going to say.  Isn't the real question "how long until Obama's checks start to bounce?"

Thu, 02/24/2011 - 16:01 | 994374 francis_the_won...
francis_the_wonder_hamster's picture

Yes, my immediate reaction to the title of this post was that I thought that's what Obama has been doing since Day 1.  Stimulus Bill, Cash for Clunkers, Homebuyers credit, GM/Chrysler bailout....etc...

Funny thing, though......I haven't personally received a dime....although I did drive over a bridge that had a sign indicating that the Economic Recovery Act had somehow improved said driving experience.

Thu, 02/24/2011 - 16:07 | 994404 XitSam
XitSam's picture

And wasn't there a check for SS recipients because they didn't get a cost of living increase?

Thu, 02/24/2011 - 16:47 | 994605 Moe Howard
Moe Howard's picture

They said so but I wonder. Did the old folks get it? Lying seems to be Number One with the Bankster Government.

Thu, 02/24/2011 - 19:07 | 995080 Milestones
Milestones's picture

Turgled?? Damn linguistics majors.    Milestones

Thu, 02/24/2011 - 14:38 | 993953 snakeboat
snakeboat's picture

and what, pray tell, is wrong with CO?  Might we be jealous?


that captcha made me use my hp...

Thu, 02/24/2011 - 14:47 | 993997 Turd Ferguson
Turd Ferguson's picture

The Turd was born in Nebraska. Consequently, The Turd does not usually take kindly to Coloradoans, though he does make exceptions.

Thu, 02/24/2011 - 14:56 | 994033 velobabe
velobabe's picture

our football players, oh i mean gladiators, are all pusses and hussies.

Thu, 02/24/2011 - 17:33 | 994805 snakeboat
snakeboat's picture

Ahhh, probably wouldn't like the outcome if his boys had to go up against any of those Rugby 7s guys, eh

Thu, 02/24/2011 - 22:04 | 995594 StychoKiller
StychoKiller's picture

I lived in CO for 37 years, MN is like a freezer compared to CO!

Thu, 02/24/2011 - 14:46 | 993994 chet
chet's picture

I think that quadrupling the unemployment period and giving everyone $400 was their attempt to write checks to people.  But I agree they might feel the pressure to do more at this point.

Bush and Obama each had an "original sin".  Bush with the bank bailout in 2008, and Obama with the decision in early 2009 to back it up with a Keynesian "spend to the moon" approach.  For a long long time, we'll be paying dearly for the decisions made in those six months.

Thu, 02/24/2011 - 15:25 | 994181 Temporalist
Temporalist's picture

Poor Obama.  Poor Coloradans:

Residents wait up to 2 months for food assistance

"DENVER - Nearly 7,000 people in the City of Denver are waiting on approval for help from human services. Many of them are waiting for food assistance, formerly known as food stamps.

The Denver Department of Human Services is experiencing a backlog that is causing some people to wait up to 60 days for their cases to be processed"|newswell|text|FRONTPAGE|t

Thu, 02/24/2011 - 14:22 | 993884 asdasmos
asdasmos's picture

"I owe it to my grandparents (who fled Eastern Europe) and my mother (who fled Chile in the 1970’s)."


Maybe he owes it to them to do as they did and move somewhere prosperous.

Thu, 02/24/2011 - 16:27 | 994508 margaris
margaris's picture

yep, indirectly you are saying we need another planet to colonize....


Because this planet is one mess! For average joe there is no real prosperity or freedom anywhere!

Thu, 02/24/2011 - 17:41 | 994826 asdasmos
asdasmos's picture

Not quite. I am indirectly saying...... GTFO of places where shit will hit the fan.


Suggested places to go:

Canada in NA

Costa Rica and the like in C&S A

Forget Africa in my opinion

Europe There are pockets of countires

Asia - Philippines/Australia/

Thu, 02/24/2011 - 18:20 | 994946 Dirtt
Dirtt's picture

Chile is on my short list also. 

Thu, 02/24/2011 - 17:02 | 994659 Dollar Damocles
Dollar Damocles's picture

That makes sense to me too.  The more history I read, the more I think that you can't stop the tidal wave of change that is brought about by mass ideologies.  This isn't going to be pretty, and I don't see much to give me hope that things will be replaced by anything better when this titanic sinks.  History doesn't show too many successfull revolutions, and the American people have no good ideas to replace the plethora of bad ones that have created the current situation.

Thu, 02/24/2011 - 17:34 | 994806 asdasmos
asdasmos's picture

Yes, definitely. People can only fight the inevitable for so long until nature/reality kicks in. I like to think we are in a new age of human development & thought, however I am always reminded at how things can turn ugly very quickly.

Thu, 02/24/2011 - 18:00 | 994887 johnQpublic
johnQpublic's picture



i wonder how long til a lone gunman hangs out down at wall street and pops a few bankers or traders at the end of the business day

prolly get a medal from the jury assigned to try him

Thu, 02/24/2011 - 14:22 | 993886 Saxxon
Saxxon's picture

Not long until he has to throw a bone to the unwashed masses in an attempt to hold power. 

The gas prices here (No. CA) have not spiked yet, and thus folks are looking their usual stunned, depressed selves (since 2005 here) but are not starting tire fires in the middle of Clayton Road (Concord).

Right soon even 87 Ethyl will surpass $3.99 and then the roiling will start.

I am not sure how he will work it in - can he force a Bill through to get relief checks cut before tax season?

Thu, 02/24/2011 - 15:26 | 994182 Boxed Merlot
Boxed Merlot's picture

...he has to throw a bone to the unwashed masses in an attempt to hold power...


A few things to bear in mind.  We are a republic, a nation constructed on the voluntary rule of law, not a domocracy-mob ruled populace.


Our law enforcement officers are by and large our neighbors, they are not outsiders, and though we many times find fault in their use of assigned vested authority, they remain for the most part, our sons, fathers, relatives and friends.


Even our highniest elected officials remain just that, elected.  Contrary to the notion many representatives from "safe" districts may beleive, these positions are still temporary and adherance to their authority remains a voluntary act by the constituencies they affect.


While I may have a dog in this fight in that there are some family deeded mineral rights in CA mother lode property with known reserves, it's through that knowledge I'm more firmly convinced in the relevance of intrinsically valuable coinage and government non interest bearing notes issued for use as legal tender.


The idea that our government would abdicate their authority to properly establish weights, measures and sound currency by placing it in the hands of the Jekyl Islanders and in one fell swoop establish a new class of "American", that being "taxpayer" is unforgivable.


The reset is simple, our road map is clear and the real question is whether our current batch of elected officials will even bother to read it, yet alone use it.


Thu, 02/24/2011 - 15:44 | 994258 KickIce
KickIce's picture

And that's why they have passed legislation that allows Interpol to participate in martial law.

Thu, 02/24/2011 - 14:24 | 993893 John Wilmot
John Wilmot's picture

I was under the impression the good king was taking a dirt Didn't the Teleprompter murder him via telephone?

Thu, 02/24/2011 - 14:22 | 993894 hpprinter000
hpprinter000's picture

UK needs !

Thu, 02/24/2011 - 14:23 | 993895 Matt
Matt's picture

At first glance, I thought the title was "How long till Obama starts kiting checks".

Thu, 02/24/2011 - 14:29 | 993912 centerline
centerline's picture

LOL.  But, I would have to fix that title of course...

"How long can Obama keep kiting checks"

There.  Much better.

Thu, 02/24/2011 - 14:30 | 993916 Bearster
Bearster's picture

The US began "writing checks" under FDR, and has grown the programs consistently since then.  We have food stamps, welfare payments under various programs, housing assistance, electricity bill assistance, subsidized transportation in cities, etc etc etc.

Thu, 02/24/2011 - 15:07 | 994086 Captain Kink
Captain Kink's picture


Crockett's "Not Yours to Give"  a must read for everyone here.  I take this from another ZHer, with gratitude, and encourage all to share it with as many as they can.

Thu, 02/24/2011 - 16:18 | 994458 RockyRacoon
RockyRacoon's picture

Glad you liked it.  It's one of my favorite responses to those who would dispense tax dollars to anyone with a pulse.   It ain't their job to spend my money that they took without asking.

Thu, 02/24/2011 - 16:43 | 994583 Miss Expectations
Miss Expectations's picture

I like the Davy Crockett tax story, too.  But, I don't much like his hat.

Thu, 02/24/2011 - 22:33 | 995677 RockyRacoon
RockyRacoon's picture

Well, I have an issue with it too, but that was long ago in a different world.

I just hope those hats don't become de rigueur again.

Thu, 02/24/2011 - 22:11 | 995609 StychoKiller
StychoKiller's picture

"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ...somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. ...I say after eight years of this Administration we have just as much unemployment as when we started. ...And an enormous debt to boot."
   Henry Morgenthau ( U.S. Secretary of Treasury 1937)

Thu, 02/24/2011 - 14:51 | 994010 Mad Max
Mad Max's picture

The US has been kiting checks for decades.  Obama has simply taken it to a higher level.

Thu, 02/24/2011 - 14:23 | 993896 Confused
Confused's picture

Great read. Great quote. 

Thu, 02/24/2011 - 14:24 | 993901 patience...
patience...'s picture

People sure get generous when they see a guillotine being rolled out.

Thu, 02/24/2011 - 14:31 | 993925 Arch Duke Ferdinand
Arch Duke Ferdinand's picture


""People sure get generous when they see a guillotine being rolled out.""

...If and when the day comes U.S. citizens get fed up with Washington, Wall Street and the Federal have the template for success. ""The Beast of Government exists on tax revenues.  ALL governments share this fundamental reality.  ALL governments fail when the economic capacity to tax is destroyed.   The Soviet Union fell via this mechanism, East Germany fell via this mechanism, and now Egypt has fallen via this mechanism. 
No blood and no lawlessness were required."" 

Thu, 02/24/2011 - 16:07 | 994403 ronin12
ronin12's picture

Do they really need to collect taxes when The Bernank can just print the money?

Thu, 02/24/2011 - 17:04 | 994670 Moe Howard
Moe Howard's picture

That is a tax of course. It needs no action on your part. Just hold FRNs. The more he prints, the more you are taxed. Quite simple, really.

Thu, 02/24/2011 - 17:12 | 994702 naughtius maximus
naughtius maximus's picture

Very good question and the answer to it will determine if we become Zimbabwae or 1930's america without a government that has any credit!

Thu, 02/24/2011 - 14:24 | 993902 wandstrasse
wandstrasse's picture

i wish we had some fortress of reason like zh here in germany. but we have only 'everything fine', dark conspiracy theories, and some dull professors saying 'if only the world would do what we are telling'.

Thu, 02/24/2011 - 14:26 | 993906 midtowng
midtowng's picture

Obama can't write checks without Congress, and the Republicans won't let him.

Thu, 02/24/2011 - 14:41 | 993966 TBT or not TBT
TBT or not TBT's picture

They're whistling past the graveyard here.   100bil off of a budget that's 1.6trillion in deficit is jsut a bad joke.    We need to cut the federal payroll by a third at least.

Thu, 02/24/2011 - 14:43 | 993983 Don Birnam
Don Birnam's picture


Thu, 02/24/2011 - 15:01 | 994049 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Nope too late. As interest rates rise (and they will, sooner than later--see Buiter's article from last year), the USA's ability to pay down debt will immediately evaporate.


Won't make a difference, even a few points and any pay down is extinguished by the increase in debt servicing.


ah the glories of compound interest and simple math...

Thu, 02/24/2011 - 22:13 | 995616 StychoKiller
StychoKiller's picture

Are there enough "Nay" votes to stymy raising the debt ceiling?

Thu, 02/24/2011 - 14:27 | 993908 centerline
centerline's picture

I suggested some time ago we might see a "bailout for Main Street" in the near future.  QE3 with a twist maybe?

Thu, 02/24/2011 - 14:27 | 993909 HoofHearted
HoofHearted's picture

Didn't Obama start writing checks to us employed people by giving us 2% of the FICA for social security back this year? (Sure, it's all electronically transferred and all, but the principle is the same.)

Thu, 02/24/2011 - 14:41 | 993967 101 years and c...
101 years and counting's picture

Yes.  But, most people really didnt get anything.  They lost the $800 making work pay credit and got the 2% reduction in SS contribution.  For those making less than $40k, the 2% reduction in SS doesnt cover what they lost when making work pay credit disappeared.  so, those under 40K are being hit will higher taxes, higher food and now surging energy.  Good luck to them...and the people they burn.

Thu, 02/24/2011 - 14:30 | 993913 fragrantdingleberry
fragrantdingleberry's picture

Obama is a stage managed flunkie manipulated by the Oligarchs for the benefit of their One World wet dream. Imagine a world run by bankers, for the bankers on the backs of wage slaves with debit cards embedded under their skin. Let's have a facebook revolt, bitchez!

Thu, 02/24/2011 - 14:28 | 993915 topcallingtroll
topcallingtroll's picture

Those on food stamps need to GAFJ.

Thu, 02/24/2011 - 14:41 | 993969 Confused
Confused's picture

You hiring? I'll be sure to point them in your direction. 

Thu, 02/24/2011 - 15:09 | 994104 Captain Kink
Captain Kink's picture

+1  Lol

Thu, 02/24/2011 - 14:30 | 993919 Rogerwilco
Rogerwilco's picture

I guess he's never been to W-M around midnight on the last day of the month. The "checks" are electronic these days, and the elites prefer them to those old-fashioned lines at the government ration warehouse.

Thu, 02/24/2011 - 14:31 | 993923 ReallySparky
ReallySparky's picture

I read somewhere earlier this week that Ferguson is supposed to be at the upcoming meeting hosted by Soros.  I guess to help plan the orderly decline of the dollar.  I used to poo-poo the "one world order" people, but anymore, I am beginning to think they may be on to something.  None the less, I too was very disappointed in Niall's article.

Thu, 02/24/2011 - 15:05 | 994073 velobabe
velobabe's picture

he writes for Newsweek, what do you expect. this potential soul, sold his mother out too. i had some hope for him a year or so ago. he is ego-outted, pretty boy poser†

Thu, 02/24/2011 - 15:26 | 994177 Don Birnam
Don Birnam's picture

Concise, and accurate..."poser." Ha. +1

Thu, 02/24/2011 - 14:30 | 993924 tmosley
tmosley's picture

Whatever it takes to bring this collapse sooner.  This is like waiting to throw up.  There is no avoiding it, and it just gets worse the longer you choke it down.

Thu, 02/24/2011 - 14:36 | 993947 Shameful
Shameful's picture

I have to disagree. This is not like waiting to throw up, it's like waiting to be beaten to death by a street gang. There are a lot of us that want to put off the day of reckoning to better prep themselves. And really is there anything left to save anyway? Sine we are already totally insolvent, why not stretch the game out and get ready for the great reset?

Thu, 02/24/2011 - 14:52 | 994014 tmosley
tmosley's picture

That makes the false assumption that there is nothing on the other side of the end of the US government.

Fatalistic and highly dependent thinking.

Absent nuclear war or mongol hoards, most people WILL survive this, and they will be freer and more prosperous on the other side.  It will hurt, but it won't kill...many.

Thu, 02/24/2011 - 15:03 | 994065 Shameful
Shameful's picture

Fatalistic? We are flat ass broke. The masses are spoiled and will pillage at the drop of a hat. Of course I want to push that off as long as possible.

I'd also question your definition of "many". I'm looking at major cities and thinking that there will be a lot of violence if the flow of cheap goods, cheap food, and cheap energy stops.

And of course you are assuming that the US gov won't deploy it's assets to hold on. The US has used troops to suppress the people before, I have to assume that they would be willing to do so again. See Veterans March during Great Depression and 1860-1865.

Thu, 02/24/2011 - 15:13 | 994119 velobabe
velobabe's picture

we are flat ass broke. i am flat ass broke, too! but i sure will fight to the bone to try and save and salvage this beautiful land in america. the national forest lands and animals on it. this is is what we need to save for our children and future generations. colorado in particular is just so damn beautiful, i will give up my life to save it from these banksta's, i have nothing to lose. the land has given me hope my whole life to live for and to love and embrace life. i think that is why mike moved to colorado. it is infectious. the people here suck on the most part. just lost souls. i feel sorry for them. the cure look up^, it helps a lot. always things are taller and bigger then being broke of money.

Thu, 02/24/2011 - 16:15 | 994448 creviceCaress
creviceCaress's picture



TMosley.....That makes the false assumption that there is nothing on the other side of the end of the US government........great.  never did like you much but now ima believer..... and this applies to veloB very much as well.   YESYESYES...the sooner the better regardless if yer prepD or not close to prepD; no armory, no gold, decent food, lotsa tools, seeds, no pedalpower station........but, the quicker the better nonetheloose.  Que?  so that velo can have her CO sky and Tmosley doesnt have to choke.


bottom line;  reset is inevitable 0-15 years, the destruction that is gleefully put on us and the rock we live grows in magnitudes each year....make sure you understand the implication of magnitude in regard to destruction.....the sooner the collapse, the fewer generations it'll take to cleanse the mercury from human breast milk from Npole to Spole.



Thu, 02/24/2011 - 16:31 | 994516 Cruel Aid
Cruel Aid's picture


I thought you might say 'Give me liberty...' but that is over, I got a toll invoice in the mail on a new car with no plates. RFDI?? Facial recognition??

I was expecting it to show up. Somehow.

Not an Alex Jones believer, well not 100% anyway.

Thu, 02/24/2011 - 17:00 | 994652 Miss Expectations
Miss Expectations's picture

The Bureau of Land Management is way ahead of you and I don't think they are saving the land for our children or for future generations.  They get the Nature Conservancy (BLM's real estate agent) to scope it out and get Obama to buy it.  Who's involved with the Nature Conservancy:  Hank Paulson

oh..and this:

The Senate Finance Committee has been investigating the Conservancy for various controversial practices, such as selling ecologically significant tracts of U.S. land to its trustees for personal use. Paulson has been helping devise reforms to prohibit such deals

There's quite a trail here, if you care to follow it.


Thu, 02/24/2011 - 15:07 | 994091 MachoMan
MachoMan's picture

whatever is waiting on the other side will be there regardless of our fleeting ability to delay...  I'm not sure what marginal impact a couple years of delay has...  but, I'm willing to bet it is immaterial.

Thu, 02/24/2011 - 15:23 | 994159 centerline
centerline's picture

My crystal ball sees lots and lots of people who are completely dependant now on a ponzi scheme that is collapsing now under it's own weight.  I hope my crystal ball is broken or something (maybe the batteries need replacement), but there are alot of people that could go hungry, cold, hot, in need of medical care, etc. that may not survive this.  Likewise, at what point is population growth unsustainable?  


Thu, 02/24/2011 - 15:46 | 994272 LFMayor
LFMayor's picture

Sounds like the bonus round to me.

Thu, 02/24/2011 - 14:37 | 993948 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""Whatever it takes to bring this collapse sooner.""

U.S. Govt. shuts down March 4th 2011...

Thu, 02/24/2011 - 14:41 | 993973 LFMayor
LFMayor's picture

Best analogy yet!

Thu, 02/24/2011 - 14:31 | 993931 Mercury
Mercury's picture

Mike Krieger Asks The Logical Question: "How Long Until Obama Starts Writing Checks"?

That started on day 1....last days of Bush even.

Thu, 02/24/2011 - 14:43 | 993978 Miles Kendig
Miles Kendig's picture

Last days?  That what those tax cuts, free fed money and those 0% credit card, 120 LTV RRE loans were all about.

I know you know...

Thu, 02/24/2011 - 14:33 | 993934 trav7777
trav7777's picture

Fuck you Krieger, you voted for this clown.

Many were telling you EXACTLY who he was before the election

Thu, 02/24/2011 - 15:24 | 994171 DiverCity
DiverCity's picture

Bravo, Trav! 

Thu, 02/24/2011 - 16:02 | 994387 ssp2s
ssp2s's picture
Thu, 02/24/2011 - 14:32 | 993936 haskelslocal
haskelslocal's picture

Either Mike Krieger just fell out of a tree or he's trying to insight readership for saying that.  Collectively, all together now, remove from your vocabulary terms such as "check writing" and "printing money" and Q-anything. Above and beyond people!

I mean, does it feel good to sound like a sound bite? Force regergatating some pitch created by an  ad-man?


Thu, 02/24/2011 - 14:33 | 993937 MrBoompi
MrBoompi's picture

Although I don't disagree with the post at all, does anyone here honestly think things would be have better had we elected McCain and Palin? Give me a fuckin break.

Thu, 02/24/2011 - 14:49 | 994006 glenlloyd
glenlloyd's picture

I think many people see that point now, but didn't really understand it then. We would have nothing different had the opposition been elected. Either selection was fine with TPTB, and that's the problem.

The State's goal is perpetuation of the State in its existing form, and that is what any opposition needs to contend with.

TPTB will only begin fretting and fussing when forced to reckon with a third party candidate who is not a member of the existing schema.

Thu, 02/24/2011 - 16:18 | 994465 creviceCaress
creviceCaress's picture



negative ghost rider,  the pattern is full


TPTB will not fret over a turd party candidate because they would never get to a place to be considered fo ballot and if they did get there, that means they. are. bought.


TPTB would only go code brown over s-elections if no one showed up.

Thu, 02/24/2011 - 14:52 | 994017 Mad Max
Mad Max's picture

No.  But are you worshipping a false dichotomy?

"Don't blame me, I voted for Kodos."

Thu, 02/24/2011 - 14:59 | 994040 pazmaker
pazmaker's picture

What kind of break do you want?  Do you see anyone on here suggesting that?

For the record... No I don't think anything would have been different had we elected McCain and Palin.

Thu, 02/24/2011 - 15:01 | 994052 DonnieD
DonnieD's picture

No, it doesn't matter. But at least you knew what you were getting (a blathering old man and a moron from Alaska). Obama is a lying, conniving snake. That's what pisses you off the most about the teleprompter. He is a total fraud stealing from our children to promote his "change", whatever the hell that is.

Thu, 02/24/2011 - 16:12 | 994434 ronin12
ronin12's picture

Ron Paul

Thu, 02/24/2011 - 16:20 | 994474 creviceCaress
creviceCaress's picture

 Ronald McDonald

Thu, 02/24/2011 - 17:18 | 994744 ronin12
ronin12's picture


Thu, 02/24/2011 - 20:04 | 995251 trav7777
trav7777's picture

You can't conceive of there being another option, eh?

They have already boxed in your mind.  They control your horizontal and your vertical

Thu, 02/24/2011 - 22:27 | 995652 StychoKiller
StychoKiller's picture

Ever read Gibbon's "Decline and Fall of the Roman Empire"?

There used to be riots after the chariot races if the Green team beat the Blue team and vice versa!  The Ignorati have done nothing but increase in numbers throughout History.


Thu, 02/24/2011 - 14:35 | 993940 Shameful
Shameful's picture

Ah but the sleeping masses will fight for the oligarchs. This is not a struggle between the motivated pillaged vs the dominant minority, but the motivated pillaged vs the dominant minority and their hoard of zombies. Hard to out vote the hoard of zombies, and they are easily directed to pillage the remnant middle class under the guise of fairness.

The zombies are a bigger problem then the dominant minority. Without the zombies it would be impossible to keep the ponzi pillage rolling. Worse all when the system collapses the blame will be laid at the feet of the middle classes for not contributing to the system properly, and of course the "evil speculators".

Thu, 02/24/2011 - 15:08 | 994099 TJ is Rolling i...
TJ is Rolling in His Grave's picture

+10 blocks of cheese

Thu, 02/24/2011 - 15:27 | 994184 centerline
centerline's picture

Aye.  Shameful sees it coming...

financial crisis=sovereign crisis=political crisis=public crisis=currency crisis.

Stages will accelerate as we go along.  Last person to touch the cheese gets the atomic cooties.

Thu, 02/24/2011 - 18:48 | 995029 stormsailor
stormsailor's picture

reached the same conclusions several years ago shameful.   my small business is less and less profitable as the squeeze just keeps on tightening.

but the zombies have been doing quite well, most of the new and expensive cars i see lately have been turning down into the section 8 housing.  my clients that are honest, hardworking, family types are driving 10 year old cars, but my zombie clients have new cars, latest cell phones, and normally a passle of new zombie babies to add to the que.


all of the things i learned growing up are actually detrimental in the upside down society i find myself in.  trustworthy,loyal,thrifty,brave, hard working,intelligent,honest,educated people with character have been screwed for the last 30 years.  and the opposite attributes have been rewarded at their expense.


i hate government and i hate thieves

Thu, 02/24/2011 - 14:35 | 993942 Oh regional Indian
Oh regional Indian's picture

That Thomas Paine quote is stunning. Worthy of re-re-read. The use of language, objective, pure language, timeless. 230 years or so later.

We just need to see the fall of language to see the fall in our-selves. Ye olde English, while she was still a virgin, un-sullied lass.

You only find this richness rarely now. In any sphere.

Somehow putting the (hardly) present occupier of the white house in the same page seems sacreligious to me.



Thu, 02/24/2011 - 14:46 | 993993 Don Birnam
Don Birnam's picture

Hear, hear.

Thu, 02/24/2011 - 14:52 | 994015 DOT
DOT's picture

Paine was one talented guy, my favorite quote is:

"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."

No more could be asked of such men.

Thu, 02/24/2011 - 15:12 | 994117 Oh regional Indian
Oh regional Indian's picture

Awesome. Thanks for sharing. I like how he uses the word conscience in both quotes.

A long forgotten, deeply hidden trait in these times.


Thu, 02/24/2011 - 14:36 | 993943 Bansters-in-my-...
Bansters-in-my- feces's picture

So......How much chlorine do they put in the water in the U.S. of A.?

Stand back from the tap and stop drinking it.

It seems to make so very many docile sheeple.

And that Black Sheep has got to go....pronto.

Thu, 02/24/2011 - 14:47 | 993999 Oh regional Indian
Oh regional Indian's picture

I think you meant Fluoride.


Thu, 02/24/2011 - 15:25 | 994168 velobabe
velobabe's picture

ya know, i was on well water for 30 years as an adult growing up. so i don't think i was affected by fluoride. but i would about once a month throw in a little clorox in my 1500 gallon holding tank, that came directly into my house. gross, that it may seem, i would sometimes have to get a bloated mouse or rat or prairie dog out of my water holding tank. yuck, i know, but that is what i had to do living in the little house on the prairie route†

plus, i had no damn man to do it for me. hell, there really aren't any men around any more that would even consider getting one of those dead animals, out of my holding tank.

Thu, 02/24/2011 - 15:39 | 994229 Cardinal Fang
Cardinal Fang's picture

maybe not, but I may be willing to put a capful of bleach in it for you.

Thu, 02/24/2011 - 15:48 | 994295 LFMayor
LFMayor's picture

You could always try smoking them out by burning your bras and high heels!

Thu, 02/24/2011 - 15:55 | 994336 Oh regional Indian
Oh regional Indian's picture

Sound like you've had quite the life Velo.

I had a chance to leave madness and go live in a yurt in New Mexico, no one is sight, the Rio Grande Gorge, wind-swept...crazy. I lacked the courage then.

A fellow misanthrope, she had lived in that wilderness for 7 years with her three dogs for company. $30,000, in 2000.


Thu, 02/24/2011 - 16:16 | 994453 ronin12
ronin12's picture

There's plenty of both in the water, although supposedly the fluoride makes people docile and dumbs them down. The chlorine just destroys your intestinal flora, which is basically 90% of your immune system.

Thu, 02/24/2011 - 14:36 | 993946 Diamond Jim
Diamond Jim's picture

maybe if they sent us all checks from the TARP slush fund instead of to the banks we might be in a different economic environment today. The money would atleast of had a better use than sitting in their reserves to cover up their fraudulent balance sheets and catastrophic losses in MBS, CDOs and frivilous credit card offerings. Where are the handcuffs ????

Thu, 02/24/2011 - 15:21 | 993960 Miles Kendig
Miles Kendig's picture

Mike, I thought that's what the 20bn mortgage settlement, 99+EUC, food stamps, public-private partnerships, the tax and regulatory codes, all the trillions in TBTF gravy and all the rest was for.

Sun Tzu listed nine types of ground.  Of these the two that strike me concerning your commentary is hemmed in ground & deadly ground.  It is in our nature to avoid pain at all costs else the perversion of the law Bastiat discussed would not hold water.  Some folks as exemplified by the current crop of fiat gurus would have us believe there is no such thing as deadly ground (except when the interests of the financial oligarchs are under question) since all one need to do is harvest some cash from the money tree.  You & I appreciate this dynamic differently from them as evidenced by your passport observation.  Keep at it and spit it like you know how to as you are not in this for acceptance else you would be advocating for Ferguson et al.  And we both know where these priests of pain avoidance stand and where they have led us all.  A full faith guarantee from those that have violated the basic precepts of law are as empty and unenforceable in law as their economic theories are in the real world.  I can only hope that with the tremendous pain that will be realized from this episode will come an appreciation in our countrymen concerning debt the way Germans appreciate inflation.


Thu, 02/24/2011 - 14:41 | 993962 Dr. Porkchop
Dr. Porkchop's picture

The administration is going to speak to people through media.. they're working on a film, I think the working title is 'Triumph of The Will', I could be wrong.

Thu, 02/24/2011 - 14:51 | 994013 Oh regional Indian
Oh regional Indian's picture

Nice! Though i think most folk will read it as "Triumph of the Will-I-Am"


Thu, 02/24/2011 - 14:42 | 993979 Misean
Misean's picture

A trillion here and a trillion there and you're starting to write checks...


Thu, 02/24/2011 - 14:42 | 993980 DonutBoy
DonutBoy's picture

A second passport is useless.  There is no place to run.  That's what globalization has truly been, the global soverign debt bubble.  The "End of History" flawed by the fatal combination of representative government and fiat currency.  We're going to hit the big reset button.   Soon now.  I'm glad, I want to be here to help my kids through and try to give them a clean start on the other side.  We'll toy with totalitarianism unless and until we return to a hard currency.  Either way you need not worry, the debt will be repudiated.


Thu, 02/24/2011 - 14:48 | 994000 LawsofPhysics
LawsofPhysics's picture

Damn straight.

Thu, 02/24/2011 - 14:56 | 994021 Mad Max
Mad Max's picture

I have reached a similar conclusion.  Namely, get a second passport, flee somewhere, and get killed a few months later than you would have been battling things at home, by people of a different color speaking a different language.  Things are getting ugly in the US, but at least I know my neighbors and am seen as being like them.

Thu, 02/24/2011 - 16:43 | 994581 samsara
samsara's picture

Things are getting ugly in the US, but at least I know my neighbors and am seen as being like them.

The most fearful thing to hear in the future(Near?);

"You ain't from around here are ya?"

Thu, 02/24/2011 - 16:50 | 994609 aerojet
aerojet's picture

I'm a 12th generation American.  My son is the 13th generation.  Why the fuck would I go anywhere?

Thu, 02/24/2011 - 18:03 | 994893 baby_BLYTHE
baby_BLYTHE's picture


No "reset" nor collapse. That event was in 2008, now it is behind us.

I said this very same thing all during 2009 and 2010... We are recovering now. Yes, it is a very weak recovery, but we were "saved from a Depression" as GDP is not negative and did not stay that way for more than 1 full year.

I believe BEN, as horrible and criminal as he is, DOES know what he is doing- printing money and giving it to his friends to trickle down to the rest.

Why should he  pull the support out now?

Thu, 02/24/2011 - 22:34 | 995676 StychoKiller
StychoKiller's picture

Using a hammer to pound in screws is no way to go through life, son!

Thu, 02/24/2011 - 14:55 | 994030 Dr. Porkchop
Dr. Porkchop's picture

That's been my thought as of late. Running away to some other country won't save you in the end, because there is nowhere that the squid can't eventually get a slimy tentacle around you.

Thu, 02/24/2011 - 16:20 | 994473 ronin12
ronin12's picture

Diversification is not "useless".

Thu, 02/24/2011 - 16:37 | 994552 LFMayor
LFMayor's picture

correct, you should have "appliances" for using both combloc and nato calibers.

Thu, 02/24/2011 - 16:50 | 994611 aerojet
aerojet's picture

It's an illusion.

Thu, 02/24/2011 - 17:23 | 994757 ronin12
ronin12's picture


Maybe we are all frog in pots on the burners and can only jump from one to the other. Having the option to jump from one that is not as close to boil is worth SOMETHING.

Thu, 02/24/2011 - 14:47 | 993992 LawsofPhysics
LawsofPhysics's picture

Good read, agree 100%.  My family left Italy during WWI.  They fought for America in both wars in exchange for citizenship.  Those that survived have done well.  Time to flush the tree of liberty once more with the blood of patriots and tyrants alike.

I really don't see any other options as default or more QE is baked in, neither or which will result in more liberty.  No structural changes in the world's economy have been made so nothing has changed.


I would venture to say that one battle cry that all Americans could agree on is "The debt is fraudulent!"

Thu, 02/24/2011 - 14:46 | 993995 Logans_Run
Logans_Run's picture

What about the payroll tax reduction? Wasn't that a first attempt at check writing?

Thu, 02/24/2011 - 16:24 | 994490 samsara
samsara's picture

No, that was a provision for the Creature to make sure that the FED gets paid it's interest on the money it creates for us...  1913

Thu, 02/24/2011 - 14:49 | 994001 snowball777
snowball777's picture

Great stuff, MK. Keep Swingin'

All Sisyphus' silent joy is contained therein. His fate belongs to him. His rock is his thing. Likewise, the absurd man, when he contemplates his torment, silences all the idols. In the universe suddenly restored to silence, the myriad wondering little voices of the earth rise up. Unconscious, secret calls, invitations from all the faces, they are the necessary reverse and price of victory. there is no sun without shadow, and it is essential to know the night. The absurd man says yes and his effort will henceforth be unceasing. If there is a personal fate, there is no higher destiny, or at least there is but one which he concludes is inevitable and despicable. For the rest, he knows himself to be the master of his days. At that subtle moment when man glances backward over his life, Sisyphus returning toward his rock, in that silent pivoting he contemplates that series of unrelated actions which becomes his fate, created by him, combined under his memory's eye and soon sealed by his death. Thus, convinced of the wholly human origin of all that is human, a blind man eager to see who knows that the night has no end, he is still on the go. The rock is still rolling.


RAH, from Stranger in a Strange Land

"This poor little caryatid has fallen under the load. She's a good girl - look at her face. Serious, unhappy at her failure, not blaming anyone, not even the gods... and still trying to shoulder her load, after she's crumpled under it. 

But she's more than just good art denouncing bad art; she's a symbol for every woman who ever shouldered a load too heavy. But not alone women - this symbol means every man and woman who ever sweated out life in uncomplaining fortitude until they crumpled under their loads. It's courage... and victory. 

Victory in defeat, there is none higher. She didn't give up... she's still trying to lift that stone after it has crushed her... she's all the unsung heroes who couldn't make it but never quit."

Thu, 02/24/2011 - 14:49 | 994003 zeek
zeek's picture

I'm always encouraged to hear others that share my view on this topic.

I have three young daughters, the oldest of which is fifteen.  She's a critical thinker, but asked me one day why we don't just leave the country if things get bad.

I believe that those that have fought for the freedoms we (currently) enjoy should be honored, and that the freedoms we have are worth fighting for against all enemies, foreign and domestic.  I also believe that, while impossible to create a 'utopia', capitalism suits human nature better than any other model... we just need to try to work on it some more.

"...that is why we're not running away!" is what I told her.

Thu, 02/24/2011 - 15:00 | 994051 DOT
DOT's picture

Knock down this old house in its ruin so that our children may build an edifice for their use.

Thu, 02/24/2011 - 15:19 | 994139 Misean
Misean's picture

The dead couldn't give a damn. As for the living, getting while the getting is good is quite viable. As well, getting before the panic is quite profitable.

Thu, 02/24/2011 - 14:54 | 994018 lieutenantjohnchard
lieutenantjohnchard's picture

excellent, fire us up article. i like the notion said by someone that each and every one of us who own physical are essentially our own central bank. who over said that: hat tip.

Thu, 02/24/2011 - 14:56 | 994024 Northeaster
Northeaster's picture

"I think critical mass has been reached" -


Not as long as "American Idol" can still be watched and food is in their bellies. As the posts that follow, lots of talk, but hardly any action.


As in a previous post, writing Reps. is what I have for now, abet they mostly go ignored. Until I see "something(s)", like most, a lot of us have a lot to lose for going alone and/or making bad choices. I'm not there yet, my guess is most others are not either.

Thu, 02/24/2011 - 15:15 | 994129 ChartreuseDog
ChartreuseDog's picture

Think Wisconsin, writ large, coming to a government building near you.

Thu, 02/24/2011 - 14:57 | 994036 Dr. Porkchop
Dr. Porkchop's picture

The check writing is already on the table in many forms. Just like that 2000.00 mortgage reduction scam they're tabling now. It's really just a token reduction with the aim of getting the chain of title back in order in light of the MERS fiasco. In effect, a backdoor bailout for bankers, again.

Thu, 02/24/2011 - 15:00 | 994046 the grateful un...
the grateful unemployed's picture

this is the end game, but its not necessarily a bad end game. right now Obama is running up the defict on the back of taxpayers (theoretically, because they only pay half of his spending) and he gives it to corporate america and wall street, which travels to China to find tribute, flat screen TVs and, to the Middle East to find oil, bang bang, don't mess with the great satan.

and Uncle can borrow a lot cheaper than joe sixpack. so why doesn't that money go right into the taxpayers hands? i have no problem with that, except when it has to trickle down through rich bastards who don't care about jobs or healthcare, before it gets there.

ex. Bush wasted a Trillion on Iraq (and gasoline still went higher) what if we just stayed home and he gave that trillion to the American people? this is the difference between a corrupt bastard and a populist. Obama is still the former,until he figures it out these endless tirades about who is the biggest corrupt bastard are meaningless.

give the money to the people, no problem with that.

Thu, 02/24/2011 - 15:21 | 994157 weinerdog43
weinerdog43's picture

But, but, but....that would be...Socialism...gasp!

Thu, 02/24/2011 - 16:27 | 994500 the grateful un...
the grateful unemployed's picture

the heirarchy is sorta like this

Financial Oligarchy (main beneficiary of current economic policy)

Corporate Socialism (incorrect description of current economic policy)

Popular Socialism (way to help the institutions of Corporate Socialism, by putting money in consumers pockets. Financial Oligarchy takes wealth from the workers, in exchange for debt certificates, then later defaults on their obligations. Solution is for Corporate Socialist business to refuse to take debt certificates, or for Popular Socialist groups to demand direct payment.)

Thu, 02/24/2011 - 15:06 | 994075 proLiberty
proLiberty's picture


Middle Eastern tyrants are trying to buy off their citizens with money the citizen would never see in the first place, money that comes in from the outside. Obama, like every president since, who, maybe Jefferson, is trying to buy US citizens with money he must take from them, either after the fact in the form of taxes (or the proceeds from theft by dilution of the money supply), or in money he has borrowed from China in the name of all US citizens. Either way, he is working assiduously to make perfect the debt slavery of every US Person and it appears that enough of the populous is happy with the ongoing bargain.



Thu, 02/24/2011 - 15:06 | 994076 DB Cooper
DB Cooper's picture

Thanks Mike.  I agree and believe this is what they (the bankstas and politicians) want - to enslave us all.



Thu, 02/24/2011 - 15:07 | 994097 Bicycle Repairman
Bicycle Repairman's picture

"America Should Sell National Assets To Balance The Books"

This is the end game and always has been.  See "Confessions of an Economic Hitman" for details.

Thu, 02/24/2011 - 15:34 | 994208 velobabe
velobabe's picture


"America Should Sell National Assets To Balance The Books"

the only asset is our land. man, can you imagine if that were to ever happen.

of course mr ferguson is british i believe, great spokeman on this topic. what the fuck, traitor.

Thu, 02/24/2011 - 16:21 | 994477 samsara
samsara's picture

Something like the Koch brothers paying off the Gov of Wis. to be able to buy the power plants etc?



Thu, 02/24/2011 - 16:32 | 994528 DOT
DOT's picture

OMG ! when did that happen.



I mean what the hell is a State doing running a power company.

Thu, 02/24/2011 - 16:37 | 994555 Moe Howard
Moe Howard's picture

Exactly. Or even better, WTF is the country that was on the forefront of Nuclear technology in 1945 running power plants on COAL Natural Gas and OIL for? Are we insane?

Fri, 02/25/2011 - 10:30 | 996719 RKDS
RKDS's picture

Boy are you guys dumb as a box of rocks.  The power plants are used to heat and cool state buildings.  When the Koch brothers steal them, and jack up rates, who do you think will be paying more to heat and cool those state buildings?  Here's a hint, it's starts with "t" and ends with "axpayers."  Won't it be funny when installing oh so efficient private sector cronies costs more debt-money than those rotten public employees ever did?

Thu, 02/24/2011 - 20:52 | 995388 Fiat Money
Fiat Money's picture

right on, B.R.!

  Perkin's book is a MUST READ. 

  to summarize in a nutshell,  the hyper-wealthy hire banksters, financiers (and accountants, lawyers, ratings agencies, etc.)  to scout the world looking for REAL assets, REAL, PRODUCTIVE companies or 3rd world target cities, municipalities, etc.  They go to that city,  find the top 10 to 20 families, and BRIBE them to support projects which the EHM's  plan, DESIGN to FAIL...  just as here in America the SUBPRIME LENDERS enticed and/or coerced low-income mortgage buyers to sign on loans LOADED with PITS, TRAPS, and SOARING interest rates after the "teaser" low rates wore off. 

   Once the elites - politicians, judges, press - have been bought off, the Economic Hit Men sell their loans, sit back and wait for default, then EXTORT the entire country's (city's, municipalities) wealth, in RIGGED fire-sale auctions, the wealthy & their international bankers swoop in to buy valuable assets for pennies on the dollar.

  example: one South American city saw their fresh water rates QUADRUPLE after the EHM's started extracting their pound of flesh & blood.

  As we see with the JPM  bonds driving an Georgia county into bankruptcy, EHM  finance has arrived in America.

Thu, 02/24/2011 - 15:09 | 994103 wherewasi
wherewasi's picture

"America is made up of the descendants of the most aggressive, ballsy, entrepreneurial people on planet earth.  We are the descendants of those that didn’t stay put where they were but left everything and came here because they wouldn’t stand for tyranny."


Great stuff...  but like every solid host, constantly under siege by the parasites...

Thu, 02/24/2011 - 15:25 | 994178 DOT
DOT's picture

34 of 50 States will be required. Which ones ? Or will this require  blood ?

Do NOT follow this link or you will be banned from the site!