Mike Krieger Explains How To Short Corruption In 2011

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Thu, 01/06/2011 - 14:40 | 853355 Traianus Augustus
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Most optimistic piece I have read in quiet a while.  Those SOB's can't go fast enough for me!!!

Thu, 01/06/2011 - 16:26 | 853712 sgt_doom
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A great couple of links I found over at ampedstatus.com awhile back, which explains the Global Banking Cartel in a most pithy and brilliant manner (only 3 to 4 pages in length):



Thu, 01/06/2011 - 21:59 | 854766 Thomas
Thomas's picture

Maybe Simon Johnson's "The Quiet Coup" nomenclature should be redirected to Mike's "buy gold" thesis.

Fri, 01/07/2011 - 11:28 | 856110 4xaddict
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Here's an idea, no one over 80 years of age is allowed to have assets in excess of 300M and if they die with more than 50M in their estate the balance goes to their local council.

Sound draconian? I think that's plenty for them to live on and ensurers they feel the same violation of their rights that the young feel.

Sure there are technicalities, but that's what the legal system is for. 

Fri, 01/07/2011 - 11:28 | 856111 4xaddict
4xaddict's picture

Here's an idea, no one over 80 years of age is allowed to have assets in excess of 300M and if they die with more than 50M in their estate the balance goes to their local council.

Sound draconian? I think that's plenty for them to live on and ensurers they feel the same violation of their rights that the young feel.

Sure there are technicalities, but that's what the legal system is for. 

Fri, 01/07/2011 - 16:04 | 857283 akak
akak's picture

Here's an idea, no one over 80 years of age is allowed to have assets in excess of 300M and if they die with more than 50M in their estate the balance goes to their local council.

"local council" of just whom, exactly?

Thu, 01/06/2011 - 14:39 | 853359 Nacho.Libre
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My observation of their progeny is that they are much less intelligent, motivated and forward thinking than their ancestors.

They must be a product of our skool system.

Great article!

Thu, 01/06/2011 - 16:26 | 853711 XitSam
XitSam's picture

The progeny may be much less intelligent, motivated and forward thinking than their ancestors.  But I think they are also much more thuggish, corrupt and evil.




Thu, 01/06/2011 - 17:21 | 853932 Nacho.Libre
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It's just SOP (standard operating procedure).  If they can no longer trick you into being their serfs, then they will force you at gun point and/or threat of imprisonment  That's why if you don't buy health insurance, you pay a tax or go to jail.  As the society less docile the elite become more aggressive.

Thu, 01/06/2011 - 18:13 | 854093 Things that go bump
Things that go bump's picture

There are lots of thuggish, corrupt, evil people around, but it takes that spark of genius to really elevate those characteristics from a simple propensity for petty crime and bullying into the sort of success enjoyed by someone like Soros.    

Fri, 01/07/2011 - 10:27 | 855882 tamboo
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no need to think too hard, just read the protocols. i'm sure gene simmons keeps a copy handy.

Thu, 01/06/2011 - 14:40 | 853363 Don Birnam
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Human ingenuity is all well and good, but when the fruits of said ingenuity are reckoned in ever-depreciating units of account by the name of the "United States Dollar," it is the wise investor who will commit at least a portion of his ingenious wealth in the not-so-ingenious gold or silver coin.

Thu, 01/06/2011 - 16:04 | 853632 NotApplicable
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I think you mean "Federal Reserve Note." The "United States Dollar" was murdered along with Kennedy.

Thu, 01/06/2011 - 19:09 | 854238 Don Birnam
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Duly noted...

Thu, 01/06/2011 - 14:43 | 853369 buzzsaw99
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The system can't be saved nor should it be.

Thu, 01/06/2011 - 14:43 | 853378 NOTW777
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when do they announce the JPMorgues silver short profit

Thu, 01/06/2011 - 14:45 | 853382 jus_lite_reading
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Let me say this: I was junked 11+ times for simply stating that the mass animal kills around the world are disturbing and right now, everything is speculation as to the cause. Also, it would be more simple to say if there was a connection between the mass fish/bird kills and the military but it's not... something is going on!

That I was junked for that is disturbing...



Thu, 01/06/2011 - 15:04 | 853459 TheProphet
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I junked you. What's one more?


The map for the deaths in the US seems to follow the jet stream on the inland, and the Atlantic current on the seaboard. Am I the only one who noticed this?

Thu, 01/06/2011 - 15:49 | 853592 JLee2027
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Thu, 01/06/2011 - 15:06 | 853468 Commander Cody
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Wrong thread.

Thu, 01/06/2011 - 16:27 | 853716 sgt_doom
sgt_doom's picture

It's those e-bots from the US Chamber of Commerce --- don't let it trouble you, sir.

Thu, 01/06/2011 - 16:43 | 853775 Wynn
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Junk weeds out the weaker hands. Man up or get out.

Thu, 01/06/2011 - 17:00 | 853843 NotApplicable
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I junked you to see if I could strengthen your resolve. ;)

Thu, 01/06/2011 - 17:23 | 853941 Wynn
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back at ya  :-)

Thu, 01/06/2011 - 17:40 | 853991 illyia
illyia's picture

Probably an off-topic thing as much as a tin-foil-hat one.

I won't junk you... but birds aren't this issue. They are another, different, issue.

Thu, 01/06/2011 - 14:45 | 853383 Turd Ferguson
Turd Ferguson's picture

This is fun. Here's a link to the CNBS coverage of last month's BLS BS report. Watch this, then ask yourself how in the world anyone can expect a 400M+ number tomorrow.


Thu, 01/06/2011 - 14:54 | 853422 Hephasteus
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I expect a huge number because I fully expect them to lie their asses off and then get caught.

Thu, 01/06/2011 - 15:34 | 853552 ReeferMac
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They'll never get caught.. Sheesh!

Thu, 01/06/2011 - 16:58 | 853835 NotApplicable
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How could they get caught when they can blame the snowstorms and the sleeping/drunk snowplow drivers?

See, it's really a theological and union issue.

Thu, 01/06/2011 - 15:07 | 853474 TheProphet
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Turd, last month's number was fabricated by tinkering the seasonal employment calculation. In October, they tinkered did the exact same thing.

What is to stop them from doing it again?

Question for you: in December, did unemployment benefits expire for long term folks, who since the passage of the law extending benefits will now be added back to the rolls this month?

Thu, 01/06/2011 - 14:47 | 853392 NOTW777
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cnbc personnel given bonus money for trashing PMs - who sent the memo

they didnt notice the recent move in gold from 1160 to 1420 but the dollar move down today is getting massive coverage

Thu, 01/06/2011 - 14:48 | 853396 TheClub55
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I have zero fear of the one gov one currency... just look at the world today no way it can happen. Even the euro which is made up of very similar nations is looking shaky. And the "greed" of the powerful will stop them from giving up the power to one world wide government.

Thu, 01/06/2011 - 14:52 | 853411 faustian bargain
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The powerful of which you speak are already international.

Thu, 01/06/2011 - 16:49 | 853794 buzzsaw99
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+1 If there was just one world currency then the maggots couldn't get rich manipulating the exchange rate.

Thu, 01/06/2011 - 14:50 | 853403 Uncle Remus
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Short corruption in 2011 - buy physical gold and silver and take delivery.

I like it.

Thu, 01/06/2011 - 14:54 | 853425 traderjoe
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The trick won't be just to purchase gold and silver - but to actually use it in the course of business. To get vendors and shopkeepers to accept it. To have it be widely circulated and for the masses to recognize the coins and rounds, to understand their conversion and values, etc. IMHO, it won't help, in fact even be counter-productive, to have a precious few own the metals - and for the metals to go on a rip higher in price. Silver and gold have to be money of the people.

On to being long human ingenuity. I worry sometimes that Malthus has been thoroughly discredited - to our collective detriment. Perhaps he was just a bit early. The Midwest aquifer is being drawn down. The genetically modified seeds are spawning huge resistant weeds and the bees are dying off.  Economics, IMHO, has a key flaw - it assumes perpetual (infinite) growth in a finite world. The laws of thermodynamics and systems will trump the theories and 'models' of economics.  

Thu, 01/06/2011 - 16:25 | 853713 CU1981
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Peak Population is knocking on the door.

Thu, 01/06/2011 - 16:39 | 853752 the rookie cynic
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Agreed: Exponential function mathematics of economics vs. dynamic equilibrium mathematics of nature


Thu, 01/06/2011 - 17:12 | 853897 fockewulf190
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Well, if anybody offers me silver in exchange for my neuro-rehab services, I´ll gladly accept.  Only thing is I can´t advertise it because I´d have the financial Gestapo driving up in black wagons if I did.  I´m not living in Indonesia where silver dirhams are all over the place and are accepted.

Thu, 01/06/2011 - 15:03 | 853455 Cognitive Dissonance
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So when the masses of a formerly free people figure out what has happened to them it is not pretty.  My whole hope is to avoid the masses turning violent.  There is no need for it.  The system has an Achilles heel and it is precious metals.

This sums up nicely why I have started my own Johnny Silverseed project. The corrupt are vulnerable and they know it. This is why we are subjected to non stop propaganda. We must change minds one at a time. My small effort is one way we can do so.


Thu, 01/06/2011 - 16:45 | 853783 NotApplicable
NotApplicable's picture

That's a very interesting methodology you've come up. I've been thinking about the need to get junk silver into the hands of the public, as I'm sure it is the best currency available for private transactions once our financial reckoning day arrives.

I hadn't yet developed a sales pitch like you have, but I did realize the perfect name for this movement, The March of Dimes 2.0.

Please feel free to use this label as you wish, and there is no need to provide attribution to me (because, as always, it's simply not applicable).

Thu, 01/06/2011 - 15:02 | 853456 Missiondweller
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Great post Tyler.

I too look forward to a day when we can once again invest in equities of innovative new companies. But now is no that time.

When we nolonger have free markets and real price discovery without fed schemes and massive government largess we cannot make informed, rational investment choices. Investment in PM's are a "no confidence" vote of the current system. I cannot say I see a change away from this system soon but see it coming in the form of some type of collapse. In the face of that, the only logical place to put money is in PM's and commodities.

Thu, 01/06/2011 - 15:28 | 853531 traderjoe
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Diffuse public ownership of companies is currently a scam in part perpetuated by the corporate executives - who now make massive multiples of the average worker. There is no way they would profit to these magnitudes if the companies were private. When executives make "only" 10-20x a line worker - and the other conditions are met - will I consider owning a portion of a publicly traded company. 

Thu, 01/06/2011 - 15:31 | 853537 bigdumbnugly
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agreed, it's hard to even imagine a more controlled and corrupt market than we currently have under the pretension of a free market system.

i don't know if it will ever come to the NWO scenario, but if it does they won't be taking me with them - not while i'm still vertical anyway.

Thu, 01/06/2011 - 15:50 | 853593 blindfaith
blindfaith's picture

let me tell all you "investors and speculators" in commodities what YOU are doing...you are killing, like viruses, you own homegrown industries and your Country.  Junk me, go ahead.

YOU TELL ME HOW, HOW any business in this America is going to survive and compete, and hire when you drive copper, tin, lead, and all the other metals to the sky.  Will you be happy when the last house in your neighborhood, town and city are in foreclosure?  When there are no jobs to be created because no business can plan or compete, or afford to exist?

You tell me how I, as a manufacturer, can pass on copper double in 6 months, common solder from $10 to 17 a pound in 3 months, tin through the roof, brass the same and everyother metal we are using?  You tell me why I, or any creator of products and jobs (which is the basis for a nations wealth) should bother?  Tell me!  What so your kid can have a job?

Over 100 people now lost jobs, 7 stores closed, taxes lost, hopes and dreams in the smoke...and you don't give a funking fat rats ass do you?  Nope not as long as you can rub your hands in dirty blood soaked money.  You think you, somehow, are doing some smarter then the rest of us act, by speculating until the fat lady screams.   Your driving your country into another deeper recession and more pain so you can have more, and more, and more.  When is enough?  Can YOU really have enough ever?  Is there a point when you say to yourself, I am part of the destruction of the Nation I live in just as surely as any foreign threat!

No, like a virus, you will kill your host.  Without remorse, guilt, without regard to age, health, sex, color, blood, or anything else that makes a human being.  You will watch your friends, neighbors, your Country die before your eyes, as you caress every last dollar you have managed to accumulate.

And, you think Bernanke is the problem.  It is you, and has been all along. 

" I cannot say I see a change away from this system soon but see it coming in the form of some type of collapse. In the face of that, the only logical place to put money is in PM's and commodities."  NO...YOU SIR, ARE WHAT WILL MAKE IT COLLAPSE.    YOU.  YOU.

Thu, 01/06/2011 - 16:40 | 853758 akak
akak's picture

While you are raging against the inmates who inadvertently trample you while fleeing the prison through the one hole in the fence, you might more properly direct your rage against the persons and the power who built that prison and who imprisoned those fleeing it instead.

Fri, 01/07/2011 - 02:08 | 855217 The Rock
The Rock's picture

Well said.

Thu, 01/06/2011 - 16:44 | 853781 Stevm30
Stevm30's picture

use BOLD because BOLD will make your incoherent emotional rambling true.

Thu, 01/06/2011 - 16:58 | 853840 Apocalicious
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Yes, blindfaith, yes. <strokes head tenderly>

Close your eyes, and it will all be over soon.

Thu, 01/06/2011 - 17:08 | 853881 faustian bargain
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You've been a member here for over a year, and you still think this? Welcome to my 'ignore' filter.

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