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Mike Krieger Exposes "The Big Lie"

Tyler Durden's picture


From Mike Krieger of KAM LP

Gold today is no longer related to the normal economic cycle of supply and demand, jewelry, Indian wedding seasons, rain in the Middle East.  All those things are passé, forget about them.  Gold is driven today by one overriding and I am afraid, at least in my opinion, an irresistible and irreversible trend.  A fundamental, global and growing insecurity… A fundamental, global and growing lack of confidence of the world in everything they were brought up to believe.  Institutions, insurance companies, banks, issuers of mortgages, ratings agencies, equities, sovereign debt, Federal Reserve Banks.  Portugal and Iceland.  Greece and Spain.  Currencies.  What is left?  What is left?

- Peter Munk, Chairman of Barrick Gold

Bureaucracy defends the status quo long past the time when the quo has lost its status.
- Laurence J. Peter 

The Big Lie

I feel completely blessed to be alive right now.  To be a witness and participant in a moment in human history that will be written about and passed down in tales for as long as humanity remains on this planet.  We are currently observing the evaporation of what Nazis referred to as “The Big Lie.”  In very basic terms the concept of The Big Lie is that if you are going to lie you may as well lie big.  So big in fact that the majority of well meaning citizenry could never imagine anyone lying on such a grand scale (particularly not their government “officials”) so that they don’t even question the basis of their own reality.  In the case of the United States the Big Lie is that we have a free market capitalist economy.  Instead we have a corporatist/fascist economy that enriches three main groups.  Wall street financiers, the military industrial complex and large multi-national corporations that don’t pay taxes.  So that begs the question, how can the American people be so brainwashed into thinking they live in this false reality?  It’s very easy.  It’s all about the money. 

Up until recently (and by that I mean the last three years) how many people asked what is a dollar?  How is it created and who controls the creation?  Essentially no one did.  The financial crisis changed everything because as the false reality finally cratered under its own weight the super elite that robs and rapes the rest of us saw their world crumbling and they panicked.  In order to save themselves, their reputations and most importantly their wealth they responded in such an absurd and selfish manner it shook millions of Americans from their slumber.  People started asking basic questions they never even thought to ask before.  One of those people was me.  When I discovered how completely fooled I had been my whole life and figured out how the scam works I started writing about it.  I relied on those great men that have been writing about it for decades in relative obscurity to educate me on monetary and financial history.  I then shared what I learned with anyone that would listen.  I am pleased to report that it has been a tremendous success and enough people are now awake for the system to be overthrown.  That is what is in the process of happening now.  Yet as I have said many times before, the super elite has all the tools of control still and will not go down easy.  Think about what despotic leaders have done to people in times past.  The torture, the exterminations, anything to have power.  I believe many at the helm within the financial system and military-industrial complex in the U.S. are just as evil as those from the past.  That said, in the age of the internet their methods of control have changed and the war going on between truth and lies playing out right now has two main battlefields.  There is the information war being waged by the alternative media vs. the dinosaur propaganda media.  The second battlefield is the financial markets where honest money (gold and silver) is battling fraud fiat money controlled by the banksters who give The Bernank his marching orders.  These orders are not designed to help the economy (which is why the economy remains horrible) they are designed to preserve the status quo and protect their ill gotten gains.  The establishment is getting wiped out on both battlefields.  It is an amazing sight to see.

The Bernank Has No Clothes

The Bernank’s inaugural press conference last week was nothing short of a disaster.  The Wizard of Disneyland came out from behind his curtain and despite softball questions from “journalists” couldn’t make any sense whatsoever.  I just listened to it again a few minutes ago.  His answers were full of contradictions and backwards logic.  The first time the word “inflation” came out of his mouth in response to a question he started stuttering.  When asked about the dollar he said “the treasury is the spokesperson for the dollar.”  Come again Bernank?  They are FEDERAL RESERVE NOTES and you create them out of thin air.  And lots of em.  The Big Lie.

When talking about gasoline prices rising and the inflation in commodity costs in general he claims the Fed isn’t responsible, yet then he claims that if they keep going up and feed into core (which they are big time already and wait until you see Wal-Marts price hikes in June) the Fed would have to respond.  Huh?  If you aren’t responsible for the increase then how can you act to stop them and why would you act if you didn’t cause it in the first place? 
Nothing though exposed this fraud of a man more than when he talked about Carmen M. Reinhart and Kenneth Rogoff’s book “This Time is Different.”  The Bernank offers his view that the reason why prior financial periods of crisis took so long to recover from was because officials didn’t act properly.  There you go!  This exposed the man and his absurd statist mind for all to see.  He thinks he is the superman that the world has been waiting for.  He seems to think that in his brilliance and money printing he can just make the prior bubbles go away and we can get going again.  Let’s think about human nature for a second.  We have had government’s in charge of civilizations since the beginning of time.  Do you really think the majority of those governments really just stood by and watched after a financial crisis?  Hardly.  Furthermore, looking at the 1930’s it is very clear the government did anything BUT stand by idly (another lie).  They interfered like crazy.  That is why the U.S. economy NEVER recovered naturally from the 1930’s.  Never. 

I have said for years that there is no stopping the mega cycle and that is what we are in.  I also said that things also never play out the same way.  You have to look at the players involved.  The Bernank is haunted by his mythical view of the Great Depression and deflation.  He also thinks he can outsmart natural cycles.  So when Von Mises says there is no end to a credit bubble other than deflationary bust or a collapse in the currency you have to ask yourself which one it will be?  I have said for years it will be a destruction of the currency system and that what has been happening but what we have seen so far is merely an appetizer.      

The Markets, Gold and Silver  

It is very timely that I get to write today for the first time in a month.  Last week, the entire Big Lie was collapsing left and right.  When the Bernank spoke, gold soared.  Obama came out with his latest reality tv show episode called “The Birth Certificate.” Still his approval ratings plunged.   Gasoline was spiking.  Confidence in Disneyland was circling the toilet bowl.  Nothing was working for the establishment.  So what did you think would happen this week? 

Well, exactly what is happening.  A monster PR campaign to get confidence back.  Let’s go back to Sunday night.  We got Bin Laden!  (watch this interview PLEASE  Silver plunges 13% in Asia!  Brain dead sheep outside the White House waving flags yelling USA, USA!  It was eerily reminiscent of people in the Arab world celebrating after 9/11. 

As many of you know, I believe the markets are heavily manipulated to paint a picture.  However, I also believe that markets always win in the end.  This is a war in which the super elite will not give up or reform the system on their own accord.  This is not just a battle for money it is a part of a much larger battle for souls.  Therefore, they will employ as aggressive and deadly tactics in markets as they do overseas when they launch wars every other week.  That is what I think has happened this week.  So is it over?  I have no idea but I like buying physical silver again at these levels and I also love the mining shares here.  I have NEVER been more bullish on physical gold and silver right now.  Everyone has an opinion now and that is fine.  But I told people to short oil in 2008 and buy it back in the $40s on the record and I also recommended buying silver at $10/oz.  This is no bubble.  We are in the midst of a major counterattack.  The sheep will sell or even short.  The wolves always eat the sheep.  That is all this is.

Remember, this is a war between truth and lies but the truth is winning and will win.  You can see the extent of their fear by what is happening this week.  Stay calm, cool and add to your physical.     

A Splintering in the Establishment      

One of the things I have been waiting to see was when people in the “establishment” start to speak out more and refuse to cooperate with the more psychopathic elements with the government, Wall Street and the military/industrial complex.  I am now starting to see increased signs of this.  This is still under the radar but it is happening and accelerating.  Sides are being taken.  This is going to be very interesting to watch.  Just remember, the system is coming down and there is nothing they can do to stop it.  They can only separate you from your real money (gold and silver) before it becomes clear to all.  The action this week is a last ditch attempt.  The game is already over. 

Finally, please take the time to watch this.  It is long but one of the most important documentaries I have even seen.

All the best,


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Thu, 05/05/2011 - 18:25 | 1245452 scratch_and_sniff
scratch_and_sniff's picture

Its a lie that your investments crashed 30% in 4 days ITS A LIE I TELL YOU!!! LOL this is fucking mind-numbing.

Thu, 05/05/2011 - 19:01 | 1245577 pirea
pirea's picture

I have the same number of coins. Nothing crashed. There is just a play of numbers that makes me laugh when I see them.

Thu, 05/05/2011 - 19:06 | 1245615 scratch_and_sniff
scratch_and_sniff's picture

Yeah, thats real comedy.

Thu, 05/05/2011 - 23:07 | 1246257 Hat Trick
Hat Trick's picture

Through this plunge, I've started to see the truth. Yes, I love to come to this board, and watch a handful of folks share knowledge that I agree with more often than not. Yes, silver should be a good many other topics discussed. But sorry, this huge killing in silver should show one and all, the gigantic investment banks and corporations have all the power folks...not a few retail investors!! The average person in the US either 1) Owns no PM to begin with, other than their wedding ring, or 2) is SELLING, not buying, at the local jewelry store. True, there are a handful of people out there buying, and talking on this board, etc....some may even have hundreds (or a few) even thousands of oz. - though that is certainly a rare bird indeed. In the other corner, weighing in at three hundred and fifty tons....JP Morgan and every other mutil-billion dollar goliath in the world! Sorry, I just don't seem them losing, at least not any more. Just IMO, of course...we're all just temporary collections of molecules anyway! HA  :)

Thu, 05/05/2011 - 23:53 | 1246318 Rynak
Rynak's picture

They do NOT have larger positions in physical metals - not enough to kill the market like this. This is simply paper vs. physical..... they can invent paper silver out of nothingness, and sell "nothingness" to bring down a spotprice that responds to nothingness. However, the whole game only works, because enough sheep still believe that all this paper nothingness is actually backed by physical, which it is not.... and it only works as long as no "mania" happens in buying physical..... which i suspect (but do not know) is the reason for the recent attack: preventing the mainstream from becoming interested in silver.... because even those "multi-billion golliath's" CANNOT stop the mainstream.

What does that mean for personal investment decisions regarding PMs? Well, there are some strategies based on risky assumptions (one of them is that "we" can win against paper without the mainstream).... and there are some strategies that are low-risk....

One of the low risk strategies, are this:

1. Nominal prices WILL in the longterm go up, simply because of inflation. They may not go up as much as they did in recent years, but even a manipulated market has to in the longterm obey monetary supply.

2. Do not buy metals with wealth you need in the midterm. Buy metals with wealth which you do NOT need in the longterm!

3. The world will not end. As long as society isn't nearly wiped out, commodities will in the longterm never tank permanently. That is because all those commodities fullfil a role, and thus not even "they" can afford metaphorically keep them down permanently, only in a worst case punish highs.

4. Buy at prices that are guaranteed to be - even if just periodically in a worst case scenario - exceeded. The magic is: You do not lose anything until you sell! So, if you can afford to wait, and your target for a sell is something that will even in a worst case scenario be reached periodically, then YOU CANNOT LOSE, ONLY GO ZERO OR WIN.

Number 4. obviously depends on 1-3.

5. Diversify. Don't bet everything on one card.

Now, as for the magical question "why even do it then, ignoring ideological motivations?". Again, inflation. What "insurance" can you name, that secures you near-zero longterm inflation for savings? Don't invest into metals to win - invest to not lose!

And as for those "ideological reasons".... if even just1% of the population would do this, what would happen? You're not responsible for "saving the world".... just cover your ass, and know that if even a sizeable minority of the population would do this, everything would be fine.

Thu, 05/05/2011 - 23:06 | 1246258 Hat Trick
Hat Trick's picture


Thu, 05/05/2011 - 19:28 | 1245696 1100-TACTICAL-12
1100-TACTICAL-12's picture

Nothing has crashed, My PM's are in the same place I last put them. I don't have paper investments in a failed and rigged system. Long physical,pigs,chickens,goats,cows & mason jars full of non-GMO's.

Thu, 05/05/2011 - 19:37 | 1245729 Hushups
Hushups's picture

Who the hell bought all their physical 4 days ago? You silly troll!

Thu, 05/05/2011 - 19:39 | 1245740 Hushups
Hushups's picture

Who bought all of their physical 4 days ago?

Thu, 05/05/2011 - 20:10 | 1245854 Moe Howard
Moe Howard's picture

Of course nobody did. That's one of the reasons the market came down. Who the fuck is buying silver at a peak of $49 [for what - 2 seconds?] if you started at $8 a short time ago. I haven't purchased any except mint 90% sets, magazine deals under spot, etc. No bulk for quite a while - too fucking high. I suspect most of the physicals did the same.

It makes you feel bad to see the price plunge if you hold physical - that's a human thing.

However, I have a stash of fiat I was holding back in case there is a real dip so I can double my physical. I hope it drops to my buy point.

Drop like a rock baby, shake it up, then it's to the moon when QE infinity hits.

Fri, 05/06/2011 - 10:01 | 1247290 oddjob
oddjob's picture

According to the trolls everybody whoever bought physical Silver bought above $49 in that 15 minute span on Sunday nite.

Thu, 05/05/2011 - 20:16 | 1245887 scratch_and_sniff
scratch_and_sniff's picture

Let the move play out brother, then come back to me in a month, where your only retort will be "who bought silver 4 years ago?". You’re fucked, you’ve been caught and now all this silly horse shit is going to eat you alive. SELL FOOL!!

Fri, 05/06/2011 - 07:30 | 1246703 Count Floyd
Count Floyd's picture

Ag and Au went up too far, too fast.  A correction was inevitable, especially given the actions of the CME.  Last I checked, Ag is still up over 15% since 1/1/11.

Over the next several years, what do you think has the more upside: the USD or Ag? 

Now, there is a risk of a big fall should there be a liquidation event, such as Chris Martenson is predicting, but that will just present a buying opportunity.

Eric Janszen (iTulip) issued a sell on Ag last Friday because he says it's not a monetary metal.  He says go Au since it's the only PM held by central banks.  That's no doubt a more prudent position. 

Fri, 05/06/2011 - 08:29 | 1246822 scratch_and_sniff
scratch_and_sniff's picture

I cant say; we dont know what is actually happening with silver at the minute, it will come out eventually though. These moves are nuts, i couldnt predict where this will end. How could anyone buy it with all the shenannigans- if its only normal forces at work(bar the margin hikes), then its likely it will have another stab at the highs, considering when this move ends that could be 50-70%+ there is no way the buck is going to compete with that. Big if's, though.

Mon, 05/09/2011 - 13:13 | 1256025 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

If one looks at what causes something to function as money, renewable energy would be a far better unit of it in an industrialized world.

You can't carry a solar array in your pocket and break it up to pay for a pack of gum but you could do that for something used to make them:  silver.

Just a thought....I've noticed the price of even cheap chineese goods with solar panels on them have also risen in price like crazy.  Perhaps silver will be a monetary metal for its industrial conversion to long-lasting sunlight->electricty converter.

Thu, 05/05/2011 - 20:19 | 1245880 Hook Line and S...
Hook Line and Sphincter's picture

by scratch_and_sniff the ass!
on Thu, 05/05/2011 - 18:25

Its a lie that your investments crashed 30% in 4 days ITS A LIE I TELL YOU!!! LOL this is fucking mind-numbing.

Nice strawman! Please teach us more of your ever-so-clever logical inconsistencies. 



Thu, 05/05/2011 - 20:26 | 1245918 scratch_and_sniff
scratch_and_sniff's picture

I don’t need to teach you, the market will teach you all you need to know boy. (oh hold on, the market is a lie controlled by the lizard people, so it cant teach you anything)

Fri, 05/06/2011 - 06:05 | 1246649 MolotovCockhead
MolotovCockhead's picture

Bought it at 12 bucks and now it's at 35 and you call that a crash? Come sniff my arse you moron, while you are doing what you are best at, scrath my balls as well!

Fri, 05/06/2011 - 06:59 | 1246673 scratch_and_sniff
scratch_and_sniff's picture

oh really, another phantom buyer from early 2009 comes out of the wood work asking me to sniff his bum, and touch his scrotum...why oh why can't i take him seriously, more to the point, why would anyone want to? Well, your hypothetical investment just haemorrhaged a hypothetical 50% and counting in a few days, so you can call that whatever you want- crash, spanking, drubbing bla bla bla. But if you can convince me it’s a positive thing, you are probably wasting your talents. Give it a shot anyway big man, im up for a laugh today…get me right inside the mind of a demented twat and blow me away, leave me breathless man.

Thu, 05/05/2011 - 18:31 | 1245457 Sophist Economicus
Sophist Economicus's picture

" is very timely that I get to write today for the first time in a month..."


Oh God!   One of the only pet peeves I have with the internet is that narcissistic blow-hards don't know when to put away their keyboards -- sort of like Steve King and his typewriter in the later years....

Thu, 05/05/2011 - 19:40 | 1245744 Pladizow
Pladizow's picture

"narcissistic blow-hards don't know when to put away their keyboards"


Thu, 05/05/2011 - 19:59 | 1245821 Sophist Economicus
Sophist Economicus's picture

Why, hello two the both of you too...

Thu, 05/05/2011 - 20:25 | 1245915 EvlTheCat
EvlTheCat's picture

LOL!!  It took me a second to look up and see who you were talking to.

Thu, 05/05/2011 - 23:14 | 1246277 chindit13
chindit13's picture

My eyes are bad, but your avatar looks to be Jackie Gleason.  If so, I can hear him reciting your comment in his lecherous character.  Spot on!

Thu, 05/05/2011 - 23:38 | 1246313 Sophist Economicus
Sophist Economicus's picture

It is Ralph Kramden indeed!   In all his glory...

Thu, 05/05/2011 - 23:10 | 1246268 TruthInSunshine
TruthInSunshine's picture

Fucking Trolls EVERYWHERE on Zero Hedge now.

They probably all have beards and teeny penie like The Bernank, and work at the Federal Reserve, too!

"Don't buy gold and silver, but collect cotton/linen paper that The Bernank prints," they say!


It's game over, you Federal Reserve AssStains!

You are losing, big time, and will lose in far larger ways.

Oh what a terrible web we weave, when we Federal Reserve Shit Stains set out to deceive!

Thu, 05/05/2011 - 23:36 | 1246310 Sophist Economicus
Sophist Economicus's picture

Troll?   Moi?   I think not.   But I do find MK to be a pedantic, condescending, self-important bore.    If that make me a Troll, so be it...

I read better advice from Polonius - you know 'Neither a borrower or lender be...."

Fri, 05/06/2011 - 00:55 | 1246444 chindit13
chindit13's picture

From the article:

"I then shared what I learned with anyone that would listen.  I am pleased to report that it has been a tremendous success and enough people are now awake for the system to be overthrown."

Aren't you being just a little harsh on the lad?

One of the more "endearing" traits of the young is that they always think they are the first ones to ever think of something (until they re-read the Greek playwrights, Shakespeare, the Epic of Gilgamesh, etc.), and they think their times are the most historical.  Just for starters, Mike might want to ask his grandparents about the 1930's, or the Second World War.  For them, the current mess is a common cold after having beat cancer.

Fri, 05/06/2011 - 01:20 | 1246419 Rynak
Rynak's picture

Need an updated list? Here is it. Those of which i am certain:

grand supercycle
texas gunslinger
red barron

And just so you're updated on what you are supposed to believe:

The message has now been diversified from "you're all seeing illusions, everything is fine", to add the following:

- "You're fucked, there is so much manipulation that you do not have a chance. Better just give up."

- "Hey, i'm pretending to preach to the common concensus, and am ridiculing it between the lines"

- "Hey, how does it look like if i disagree with my own team-members, and then agree with them on the same topic a few posts later - are you confused yet?"

- Just spam useless shit


Tyler, the junk system of this website needs to learn the concept of "trust". A junk by some random account parked to later be used for psyops, shouldn't have the same weight of a junk by a longtime member who has clearly established himself as non-malicious.


Fri, 05/06/2011 - 01:58 | 1246510 TruthInSunshine
TruthInSunshine's picture

Outstanding detective work.

I guess we had just better acquiesce now, because Bernanke will win, huh? It's curtains for all who trade in FRN confetti for things that maintain real purchasing power over thousands of years, while FRN and other confetti loses between 1% and 99.99% purchasing power annually, depending on sovereign and madman at the helm of the fiatski pumping.



Fri, 05/06/2011 - 02:31 | 1246532 scratch_and_sniff
scratch_and_sniff's picture

This is how you fools got burned, no one is allowed to trouble your little theories, you dont foster debate because you are vain egotistical bullshitters harbouring hardline fantastical assumptions about our world - who think they know it all(i have never heard so many windbags talking shit they know nothing of), and anyone who thinks differently is part of some vendetta against you- man that’s how you're totally fucked, as investors and individuals; everyone must toe the party line or OMG, wait for it, be junked!! Oh the shame of it all(its all very shameful indeed).

Anyone that even remotely whispered that silver was going parabolic were junked and laughed at(unbelievable, im genuinely shocked), now it just got bitch-slapped and you want to assign yourself sergeant of the thought-police and call all the people out who were right as trolls, jokers etc. The fact is, a 30% bloodbath says you were wrong to do that, you should have listened(even to the charts) but you couldn’t do that because of the vain web of nonsense in your brain, that not only defines your investment ideas but defines your characters. You can give me the bull of not worrying about 30%(and counting) being wiped off your worth, i’ve already heard it. And anyway, this is not about a move in silver, i hope it goes back up for you guys and you get a better chance to bail, this about the way dissenters are treated here.

Not one person here listened to the market, you just clung to your fucking nonsense like madmen(there are two parts of a trade, you all did beautifully geting in, excellent and WELL ahead of the crowd, but you fucked up big time for matter, spare me the line about holding long term, because you could have had 30% more silver with a click of a mouse if that was the case), and not one person has held they're hands up and said "hey we were wrong this time guys", you all just doubled up on a bigger dose of bullshit and blamed it on the usual theoretical suspects, AND within the space of an hour go back to bashing the people who told you were wrong(and you cant comprehend why people take the piss?).

Fuck you hairy hole.

Fri, 05/06/2011 - 02:45 | 1246541 Debt is Slavery
Debt is Slavery's picture

Sad really when a pair of cartoon bears have more credibility than these foolish bastards

Fri, 05/06/2011 - 11:11 | 1247615 rampancy777
rampancy777's picture

ehh... what a maroon.

Fri, 05/06/2011 - 07:49 | 1246725 Dejean Splicer
Dejean Splicer's picture

funkymonkeyboy? I doubt it.

Thu, 05/05/2011 - 18:29 | 1245459 oogs66
oogs66's picture

His comment about Rogoff's book also set me on edge.  I remain convinced that we are throwing too much at the problem too soon.  That we need to experience more pain and that the final chapters are not yet written and will be far worse because we wasted all of our powder too early and have no dry powder left when it is really needed and could do some real good.


Thu, 05/05/2011 - 19:03 | 1245587 Bear
Bear's picture


Thu, 05/05/2011 - 20:14 | 1245859 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 as well.  

I would also like to take the opportunity here to make an announcement:





DoChenRollingBearing yesterday officially and finally joined the Tinfoil Hat Brigade.  He was quickly welcomed by another member.

The Bearing just could not handle the lies and the liars (the Osama photo controversy is what threw the Bearing over the edge), and so was forced to join.  The Bearing's first action after letting some friends know of the decision was to listen to yesterday's Alex Jones radio show at  The Bearing had never done that before.

He was also informed that he does not have to wear a tinfoil hat all the time as long as he stays away from the TV and Hollywood movies.  And if he acts like the other Sheeple, he will not be noticed.  Baaah!  Baaah!  Baa-aaah!

Thu, 05/05/2011 - 21:04 | 1246022 defender
defender's picture

Let me give you some other news places that seem to be made up of the better part of the tin foil hat crowd:

Fri, 05/06/2011 - 00:47 | 1246435 DoChenRollingBearing
DoChenRollingBearing's picture

Both of those sites were very interesting, thank you for sharing them.

Corbett reminds us that Fukushima has not gone away...

Fri, 05/06/2011 - 06:34 | 1246661 MolotovCockhead
MolotovCockhead's picture

Of course TPTB will screw us if we try to screw their fiat system, it's to be expected. See how it got Gadaffi into such deep shit!

Thu, 05/05/2011 - 23:22 | 1246289 chindit13
chindit13's picture

Welcome to Schizophreniastan!  Our sides will win!

Fri, 05/06/2011 - 00:21 | 1246385 DoChenRollingBearing
DoChenRollingBearing's picture

Yes we can!  Yes we will!

Thu, 05/05/2011 - 18:34 | 1245460 falak pema
falak pema's picture

Well at least you stick your neck out for the guillotine. In your logic :

There is only one way that the US oligarchy can now go : to a military type government. That or a revolution, October or Thermidor leads to military regime...

Its that or its raising the white flag as the ponzi collapses in all three interlinked fiat economies : three naked kings, USD, Euro and Yen. With the Yuan waiting in the wings. Let the rot set in. Only its military strength stands in the way of the Oriental take over of Occident. Tipping moment in world civilization. Marco Polo heads for Cathay...hat in sign the deal for Yuan led world currency, to avoid this ponzi crumbling humiliation and/or subsequent world annihilation.

Other scenario?????....lost in translation...?

Thu, 05/05/2011 - 19:02 | 1245579 Bear
Bear's picture

China out prints the US  ... they print money, buy bonds, buy oil, copper, uranium, rare earths, Uganda, Congo ... then they print some more. 

Thu, 05/05/2011 - 19:44 | 1245768 rocker
rocker's picture

They also make things.  Things we used to make.  China is just starting to advance while we are just starting our decline. They don't have a military complex built on Fraud. They have real GDP.  Even though their numbers might not be exactly as claimed. Our lie is bigger for sure.  Their GDP numbers beat ours for sure.   

Remember all those high priced Black Water agents in Iraq. It took years for them to do what. Get Saddam. While Halliburton charged us for overpriced meals to feed all.  What a facade.  A profit for the private few who had insides contacts with Cheney.

Those same skilled underpaid Navy Seals took Bin Laden out in one mission. Difference is: one war was fault with contractors reaping massive profits and the Pakistan initiative was done with our home-grown military. We should honor their deed. I would guess that 98% of our military are honest hard working people. It's the 2% that scares me. 

And we do not over tax corportions as Jack the Hack from GE claims. Hack said if we lower tax rates for GE they would create more jobs here. Excuse me. GE did NOT pay any taxes.  Only it's U.S. employees did, what few are left.

Thu, 05/05/2011 - 22:04 | 1246174 MrSteve
MrSteve's picture

You are so right, China's military complex is not based on fraud, it is based on abject slavery and lethal intimidation. You should be so proud!

Thu, 05/05/2011 - 22:10 | 1246182 Ben Dover
Ben Dover's picture

+1 w0rd

Thu, 05/05/2011 - 23:03 | 1246254 aerojet
aerojet's picture

I've decided I cannot honor their "deed."  I understand that it is payback for the loss of their own buddies, but the big lie encompasses more than just financial fraud, you know? It would have been nice to find out a few things from a key witness to one of the biggest crimes in American history.  Instead, we have even greater dissonance.

Fri, 05/06/2011 - 06:50 | 1246672 MolotovCockhead
MolotovCockhead's picture got conned!! There's no Navy Seal in Pakistan. Didn't you hear that he was unarmed?? Highly trained dangerously armed terrorist killed without firing a shot back? The Navy Seal raided the building using helicopter and not a single terrorist notice it?? You are so naive, you're charming.

Thu, 05/05/2011 - 20:24 | 1245912 Lord Welligton
Lord Welligton's picture

buy bonds, buy oil, copper, uranium, rare earths, Uganda, Congo ... then they print some more. 

China is using Dollars to "buy" oil, uranium ......... and every other thing.

Their currency is pegged to the dollar.

It is worthless and they know it.

They don't have to print.

The Federal Reserve Bank does it for them.

They get everything for free.

Fri, 05/06/2011 - 04:53 | 1246627 falak pema
falak pema's picture

They get everything for Free?? It seems the US gets everything for free as it IMPORTS products made from chinese labor. It even PAYS its NAVY SEALS to do hit jobs as it does its Cruise missiles in Libya, based on money LENT by China to US govt. in the form of T-bill purchases. Where is the economic justification of your affirmation? 

China has huge Credit surpluses growing every day...That's the reality of the real physical economy, not the financial paper one of WS. That it is denominated in USD is a situation that they are trying to remedy, like the rest of the world. The day they do, their economy will continue to grow as it is relatively debt free on government side, not on private sector RE bubble side, and they will be able to forge ahead. While US will be left with an economy with growing debt layers beyond imagination.

The FED works for private sector USA NOT for China...wake up.

Thu, 05/05/2011 - 20:32 | 1245928 seek
seek's picture

An alternative scenario (that I am hoping for personally) is a deconstruction and reversion of power back to the states. This isn't very likely unless the financial collapse greatly outpaces the political collapse, in my opinion. (The reason being finances are the tool the federal government uses to abuse the states into behaving, realistically without money, the feds have very little power to compel state cooperation.)  I would imagine much of this would be determined by a handful of key states, notably California.

Nevertheless, if this happens it's akin to the collapse of the USSR, except our government has actually done a passable job (not that I am pleased) supporting people, which sets those supported up in such a way to make the collapse that much worse for them. This is the scenario Dmitry Orlov paints.

It's amusing in a sad way that this is a best-case outcome.


Thu, 05/05/2011 - 22:19 | 1246194 uniman
uniman's picture

Money is Uncle Sam's Achillies Heel.  Crash this and you crash his power.  The present crisis is a golden opportunity (pun intended!) to smash the Uber-State and restore power to the people and the States, as per the 10th amendement.  America has a fantastic business culture that, once unhindered by the Iron Fist, will _immeditately_ come back to life.

Get your paper wealth out of the system and into physical.  Don't form any new businesses or hire new people.  Don't buy things.  To the extent that you can connect to the underground economy, do it.  Otherwise, just lie low and wait for the crash.  Conserve your energy for the recovery.

Fri, 05/06/2011 - 01:10 | 1246464 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 oz Au

-- Alas, I cannot recommend that anyone now start a business in the US.

-- Hunker down, get prepared.


I really need to connect with my local underground economy...

Thu, 05/05/2011 - 18:27 | 1245464 Jaw Knee Cash
Jaw Knee Cash's picture

Welcome back Mike, nice work as usual.

Thu, 05/05/2011 - 19:45 | 1245774 rocker
rocker's picture


Fri, 05/06/2011 - 01:56 | 1246508 Shylockracy
Shylockracy's picture


Thu, 05/05/2011 - 18:32 | 1245478 takeaction
takeaction's picture

The movie at the bottom of the article is incredible...Iraq for Sale.  Thanks

Thu, 05/05/2011 - 18:54 | 1245527 augie
augie's picture

its funny, i watched that movie in iraq back in 06'-07' time frame. The part where that army hooha is talking about the laundry service is great. I was on TQ the last deployment and when i found out how much money they get paid per bag of laundry (you can't over fill your bag either or they won't take it there is a weight limit) i wrote a letter on one of the comment cards expressing my displeasure in having a military force being treated like a god damn girl scout troop. The letter apparently got sent to my regimental commanding officer and my company 1st sergeant was not to happy. I tried to explain to him the deficit this type of shit is causing and he told me "devil dog, you ain't here to change the world, you here to follow instructions and keep your thoughts to yourself." I then got taken out of the company and put up at the regimental command where they could "keep an eye on me."


Didn't matter at that point though, the whole company heard about it and inquired as to why a shit hot comm sergeant was sent back to the S-6 to count radio's and test jamming systems while missions were not getting properly outfitted with communications gear.


All i'm saying is the same thing a Master Sergeant told me at a screening of "semper fi:always faithful" at tribeca last Saturday. "if you believe in something, and you know your right, don't ever give up no matter what." That same Master Sergeant lost his daughter to leukemia because of a water contamination at camp lejuene that was pushed under the rug until he fought the DoD and won after 14 years.


Don't give up guys, keep fighting the good fight.


oh yeah, much better doc about the Millitary industrial comex is "why we fight"


not so much bitching as with this iraq for sale vid

Thu, 05/05/2011 - 20:37 | 1245947 Lord Welligton
Lord Welligton's picture

Well said.

You sound like a true soldier should sound.

There are too many lies now.

Too many people making too much money.

From death.

And death is not the object of a soldier.

It is Victory.

The scum banks and their employees will kill every soldier for money.

But hey.

They'll give your family a parade.



Fri, 05/06/2011 - 15:36 | 1248903 Cathartes Aura
Cathartes Aura's picture

always remember the military has been voluntary for decades now.

the battle for "hearts and minds" continues.

Thu, 05/05/2011 - 18:37 | 1245483 swissaustrian
swissaustrian's picture

Ron Paul 2012 bitchez, he is the only politician talking about the merger of state and corporate powers = facism

He has moneybomb going today, just to mention it:

Thu, 05/05/2011 - 20:30 | 1245919 DoChenRollingBearing
DoChenRollingBearing's picture

+ $55,000

Ron Paul is probably our only hope.  It is still probably too late even so.

Thu, 05/05/2011 - 22:05 | 1246171 Green Leader
Green Leader's picture

That's why your eyes are and will remain closed.

Fri, 05/06/2011 - 01:14 | 1246468 DoChenRollingBearing
DoChenRollingBearing's picture

Please expound more, I am genuinely interested in what you have to say.  I always want to learn, please explain...

Fri, 05/06/2011 - 04:34 | 1246613 Mad Cow
Mad Cow's picture

He is a pressure valve designed to give you hope that the system can be saved, thus keeping you plugged into said system.

Fri, 05/06/2011 - 10:51 | 1247532 nuscorb
nuscorb's picture

The Ron Paul option is still within the system, still operating under the premise that you don't have what it takes to make good decisions for yourself, that because you are "bad" and "small" you need to have a leader, a "parent" that will always know best.

The truth is, no one else can possibly choose for you as well as you can, because no one can know what you want as well as you can.

If you don't take responsibility for yourself, if you don't take the risk of making your own mistakes, you'll never achieve your potential (which is as great as anyone else's) and you'll most likely be used and abused. podcasts are a good place to start if you want to find out more.

Fri, 05/06/2011 - 14:31 | 1248618 Temporalist
Temporalist's picture

Ron Paul actually says on many occasions that the government is not there to take care of you and that people need to be responsible for themselves.  Individual liberty and free markets would not have left the U.S. where it is today.  You are wrong about the man; the system can't change without someone to change it.

Fri, 05/06/2011 - 16:04 | 1249000 Cathartes Aura
Cathartes Aura's picture

while I understand your perspective, it's important to realise that "the system" can only be "real" if you believe in it. . . that's what "voting" is all about, believing in a system that holds out possibilities for "change" - and a system that offers that "hope" every two to four years as "voting" - kicking the can of personal response-ability down the road into the "future" - as in, well this gubbermint sux, I'll vote the different one in next" rinse/repeat/ad nauseum. . .

as long as you believe in THE SYSTEM you will continue to play by the rules of that system, and be owned by that system. . . if you genuinely believe anyone from the Paul family can change THE SYSTEM then you're not paying close enough attention.

remove your consent, and focus on providing safety for those you care about.  period.

Thu, 05/05/2011 - 22:23 | 1246204 samsara
samsara's picture

"It is still probably too late even so"

It's always too late to fix what was,  but is always just the right time to start what will be.

Ah,  I said that...

Fri, 05/06/2011 - 01:19 | 1246470 DoChenRollingBearing
DoChenRollingBearing's picture

samsara, thanks for the forward thinking comment.  Yes, I will remember that you said that.

I will try to think more of fixing the future rather than the past.

Your comment resonated with me very well.

+ $55,000

Thu, 05/05/2011 - 20:51 | 1245984 FoodTiger
FoodTiger's picture

2008 feels like a long time ago...


Thu, 05/05/2011 - 22:21 | 1246201 samsara
samsara's picture

Ron Paul with Jesse Ventura as Vice pres.

That if nothing else would scare the shit out of them.

I would like to see it just for that effect by it's self.

Even if they didn't win,  It would be fun to watch.

Fri, 05/06/2011 - 02:50 | 1246547 Debt is Slavery
Debt is Slavery's picture

Popping popcorn now...want to see that show

Thu, 05/05/2011 - 18:37 | 1245486 molecool
molecool's picture

" Instead we have a corporatist/fascist economy that enriches three main groups. "

Also known as a 'plutocracy'.

Thu, 05/05/2011 - 22:36 | 1246091 gangland
gangland's picture

kakistocracy, yawn, im really over all this....this is all bullshit...i know what i know and am now just exercising patience....

so people wake up at different rates and to different degrees depending on the relative depth of their cognitive bias...

still, the "obvious" (no such thing as a freeeeeee market [lrc/peterson crowd junk here]) needs to be stated and repeated often, if only to counter the mainline fiction. 

the process can be boring waiting for others to reach somewhat similar conclusions (acting on such conclusions is another matter entirely). 

It's like in the movie speed, the bus needs to stay above 55mph or it will blow up and kill everyone inside and outside of it.  So they got the bus through the streets, the freeways and traffic and it's running in circles around a track just so they can keep it from slowing down and blowing up, except there is no Jack Tavern to diffuse the bomb and the bus will eventually run out of gas, slow down and blow up.

Time to get off the bus.

Some people on that bus running in circles have figured this out and are trying to tell the others. 

Some panic and jump off the bus, others hope to be rescued by the police, and some will try their hardest to prepare a plan of exit with the best chance of success and the least amount of damage.

I stopped looking for ideological perfection (or even consistency) a long time ago.

Such perfection is only for advertisements, pundits and pols.  Ideological flexibility is not the same as pragmatism.  It's not even logical.  It is however, rational. 

I ain't wasting energy and time arguing over whether the speed limit should be raised because it ain't the speed that's gonna kill ya, it's the full stop, either way you're gonna run out of gas.

Fuck Bernanke, Fuck Obama, Fuck Bush, Fuck Clinton, Fuck Regean, Fuck Carter, Fuck GS, Fuck JPM, Fuck Blankfein, Fuck Dimon and their moms.

In the ass.

I probably missed a few.  Feel free to add your own Fucker and relative family members.


Fri, 05/06/2011 - 04:41 | 1246622 ShittyLipsMcCra...
ShittyLipsMcCrapStain's picture

No "Fuck....." list is complete without Alan Greenspan.

Or Richard Rubin, Larry Summers, Gheitner.....


And there is one single reason these motherfuckers all have had such a huge influence over the fate of the USA.


Lobbyists. The blood sucking motherfuckers on K Street who RUN this nation.

We have a government that is no longer "of and for the people" is now exactly what Eisenhower warned us about.

Until these leeches are salted and buried there is no hope for honest government.

I think it really is that simple. I doubt it will ever I try to prepare accordingly.


Fri, 05/06/2011 - 15:40 | 1248913 gangland
gangland's picture

great clip, agree 100% w/ what you wrote.

Thu, 05/05/2011 - 18:40 | 1245495 alexanderstollznow
alexanderstollznow's picture

does anyone really swallow bullshit like the above article?  surely this is a joke.  NOONE in the world believes that any economy is free market capitalism.  it is everywhere hugely modified and constrained by government intervention and regulation.

and what about this horseshit:

" When asked about the dollar he said “the treasury is the spokesperson for the dollar.”  Come again Bernank?  They are FEDERAL RESERVE NOTES and you create them out of thin air.  And lots of em.  The Big Lie."

does Krieger not understand the meaning of the comment?  it is not related to banknotes. it is related to the fact that Treasury IS the spokesman body regarding the US$.  exactly has it has always been.  that is why Treasury Secretaries from Rubin onward have been saying 'strong dollar is in the US interest' everytime they open their mouth.  BB said that because he was asked a question relating to the effect of MP on the $.

ironically, the reason the USA is so screwed in every way is that it is brimming with brain dead people like Mike Kreiger masquerading as someone who has some intelligent thoughts.

Thu, 05/05/2011 - 18:44 | 1245511 Thomas
Thomas's picture

You would have to explain how the Fed, by chosing to drop rates to zero, wasn't central in the dollar debasement. You would also have to explain how the Fed sent trillions out into the system, but are not culpable. I think Krieger is correct on this statement.

Thu, 05/05/2011 - 18:53 | 1245543 alexanderstollznow
alexanderstollznow's picture

no, it is V.E.R.Y. simple... BB was asked about the level of the $ and his initial response was that Treasury is the spokesman for the US governement on the $.  that is an elementary fact known to all people who know anything about anything.  it meant nothing more nor less than that.  that statement does not and was O.B.V.I.O.U.S.L.Y. not meant to say that MP cannot or does not affect the level of the $.   Krieger is just another opportunistic moron disingenously using that statement for his own agenda.

what you might need to explain is how, if it is all the Fed's fault, the USD had been lower that it is today, before there was any QE?  presumably there other factors which affect the level of the $.  as BB said.

Thu, 05/05/2011 - 19:45 | 1245779 W T Effington
W T Effington's picture

Printing money is by definition inflationary. What we know as QE is not the first time the printing presses were turned on. Which explains why the dollar has been lower in the past. Look at the value of the dollar since 1913, and especially since the gold standard was given up. The amount that the Bernanke has printed recently is extraordinary, however, centrals banks have been printing for a long time. Its the only thing they know how to do. Counterfiet your productivity and hand it out to the institutions that have grown up around them, suckling at the tit of power.

The arguement that the Treasury is the spokeman for the dollar is diversionary and meant to elude the principle of the matter. The fed is private organization which essentially has zero oversight from congress. They alone have responsibility for the dollar. The fed does not have to devalue the dollar and buy treasuries when the federal government borrows money. However, they choose to and that is why it is why blame falls on there shoulders.

Thu, 05/05/2011 - 23:19 | 1246283 TruthInSunshine
TruthInSunshine's picture

End of video, Marc Faber (hilarious and true interview):

'Bernanke is a liar. All he knows is to print, print, print. And he will never stop (Faber laughs while speaking these basic truths).'


Faber ~ Ben Bernanke is a Liar
Fri, 05/06/2011 - 07:04 | 1246683 MolotovCockhead
MolotovCockhead's picture

Marc Faber's best advice to everyone " Be your own central bank!! Buy physical gold and silver " I like that, I am now a very proud owner of a mini central bank. Someday, I'm gonna print my own reserve notes!!

Thu, 05/05/2011 - 21:41 | 1246115 Calmyourself
Calmyourself's picture

Tactically, day to day and semantically your right. Strategically, long term, your full of shit.

Thu, 05/05/2011 - 18:40 | 1245497 Ignatius
Ignatius's picture

"Take heart, Ignatius, thow hast a terrible swift sword."


Thu, 05/05/2011 - 18:40 | 1245500 long-shorty
long-shorty's picture

man, if there is one bet that is harder to win than betting against the American consumer, it may be betting against the American military-corporate complex.

I say paper money is good for at least another 6 months. Certainly good long enough to buy CVV before they report earnings later this month. Then you can buy whatever floats your boat with the profit you make.


Thu, 05/05/2011 - 18:50 | 1245533 Bear
Bear's picture

nano, nano ... why?

Thu, 05/05/2011 - 20:36 | 1245943 long-shorty
long-shorty's picture

real advancements in human ingenuity increase human productivity. the companies fostering those advancements also, sometimes, happen to create shareholder value. if you find a company that is both increasing human productivity and creating shareholder value, at a very reasonable price because it's a small company and nobody is paying attention, right about the time it is starting to experience exponential growth, then that is usually a pretty good set up. I mean, if you want to make paper money.

but hey, I am talking my own book. it's our largest position.




Thu, 05/05/2011 - 18:45 | 1245515 Hephasteus
Hephasteus's picture

And we are going to double dip. And many many more people are going to go on the search for truth.

Thu, 05/05/2011 - 18:44 | 1245518 gkm
gkm's picture

The problem that the Fed is facing is that technology is advancing too quickly (probably in a way similar to Moore's Law). They probably didn't realize that the tech bubble they caused would be so deflationary. So they have to create financial bubbles now to employ as many people as possible and dole out the cash.
What all this means is that while we are in a highly deflationary time - it is in fact very inflationary (hyper) because of this. They feel they must inflate but now they've reached the leverage tolerance so printing money is here to stay until the end.

Thu, 05/05/2011 - 23:26 | 1246297 TruthInSunshine
TruthInSunshine's picture

It's a bubble creating, inducing the masses to chase the bubbles, boom and bust cycle now, through and through.

From Greenspan to Bernanke, one bubble inflated to paper over the sucking chest wound of the organic economy, to allow another round of kick the can and extend and pretend.

From S&Ls to dot.coms to housing bubble to a now everything bubble (everything bid insanely up on the back of drunken money printing and infusions).

Pop go the bubbles!

But people are becoming absolutely intellectually and instinctively aware that the underlying economy is just so much rotten out driftwood, and they are very nervous and apprehensive, and this apprehension is what the Bernank can't prevent or change.

The Bernank can talk his bullshit about improvement, green shoots, positive trends, blah blah blah, but the masses are beginning to see the con in the old CONfidence game.

When people stop spending, it matters not what the Bernank does - the ship will go down, as the lubricant (consumption) stops greasing the cogs of the economy, and people buckle down. It's a self-feeding phenomena.

Bernanke can create all the 'inflation expectations' he wants; the higher prices are only dampening consumption, not boosting it, during a time of such incredible underlying economic weakness.

Fri, 05/06/2011 - 07:14 | 1246688 MolotovCockhead
MolotovCockhead's picture

 So they have to create financial bubbles now to employ as many people as possible and dole out the cash.


A more probable scenario would be to cull the majority of the world's population. They have tried it with limited success( Bird flu, swineflu, SARS)  but I am sure they will try again!

Thu, 05/05/2011 - 18:47 | 1245522 benb
benb's picture

Let's not forget the water is being medicated and poisened. Conservatively 200-400 milion tons of Barium salts and aluminum dioxide and other vile substances in the form of Chemtrails are being pumped into the atmosphere. The Pentagon is running signals and modulations through the energy grid to tranquilize the American population. Obama's science advisor (courtesy of the criminally insane Rockefellers) has openly advocated in his book ECOScience, putting chemicals in the water to sterilize an unwitting populous (along with giving you cancer). Lithium is now showing up in municiple water. The Feds have 'turned off' the radiation monitors so the public is in the dark about the radiation levels coming from Japan. Our 'neighbors' on the Gulf have been exposed to horrendous toxins and are getting sick by the thousands. Other than that GE's profits are commendable.

Thu, 05/05/2011 - 19:10 | 1245631 Sophist Economicus
Sophist Economicus's picture

SEE what the CME just did!    By allowing the blatant manipulation of silver, and allowing it to crash as it has done over the past few days, it has mentally damaged some of our ZH posters, like our own 'benb' here....    For shame CME, for shame....

Fri, 05/06/2011 - 00:01 | 1246354 benb
benb's picture

You got me there. (haha) Just injecting a little off the radar stuff into the thread. Sad but true. Krieger speakers of the evaporation of The Big Lie. It’s just that The Big Lie gets bigger the deeper you delve. (In my experience)

Fri, 05/06/2011 - 00:24 | 1246387 Real Estate Geek
Real Estate Geek's picture

nice segue.


Fri, 05/06/2011 - 00:24 | 1246388 Real Estate Geek
Real Estate Geek's picture

nice segue.


Thu, 05/05/2011 - 18:47 | 1245523 Quisat_Sadarak
Quisat_Sadarak's picture

Not Gold & Silver.

Physical Spice - Bitchez!


Thu, 05/05/2011 - 18:45 | 1245526 nah
nah's picture

the super economy never sat well with me in the first place... a paper insulated top down province sucking pain in the ass based in DC/NY... but i was fine with it as long as they were paying thier bills look, i could do math and figure out locally the housing market was overpriced so a major correction was comming and all would be well and the meaning of property and ownership would end up aligned with my worldview...


but the banks used the US government like a cock sucking whore.... 99% of people following the situation were disgusted there could even be a law like tarp put forward... and all 3 presidential front runners were IN FAVOR of it... so now I CANT EVEN VOTE WITH GOOD CONCIENCE FOR ANYONE


and that is how the world works... and it needs to stop... and the cops are going to do a fucking thing about it... hence the term globalist police state

Thu, 05/05/2011 - 18:50 | 1245540 Seasmoke
Seasmoke's picture

sorry, this is a hard one to swallow

Thu, 05/05/2011 - 18:50 | 1245541 Henry Chinaski
Henry Chinaski's picture

Yes, Michael, people are waking up. 

Both worlds are real; the lie and the truth.  Dismiss either one at your own risk.

I had a TEOTWAWKI party in the Fall of 2008, but I still have a couple of cruises booked.  Hunker down and live large!

Feliz cinco de Mayo.



Thu, 05/05/2011 - 18:54 | 1245548 gordengeko
gordengeko's picture

"This is not just a battle for money it is a part of a much larger battle for souls."

Bingo, oh and just incase anyone thinks this is bullshit.  All you have to do is pay attention to what is going on up in the universe.  Take a look at the planets in our solar system, take a look at the sun(ref below).  They shut down seti just a few weeks back.  Me thinks we are in for some popcorn reality at its finest in these next few years.

I appreciate your thoughts once again Mike.

Thu, 05/05/2011 - 19:10 | 1245618 Henry Chinaski
Henry Chinaski's picture

Do you think Jesus will make an appearance?

Thu, 05/05/2011 - 19:46 | 1245767 gordengeko
gordengeko's picture

Sarcasm and kidding aside, you are one of the ones that gave up Jesus for barrabas.

Godspeed friend

Thu, 05/05/2011 - 20:23 | 1245899 rocker
rocker's picture

Interesting video on the page that I watched. Kind of long but worth it. One can always learn from somebody else's eyes.  

Thu, 05/05/2011 - 21:12 | 1246040 Henry Chinaski
Henry Chinaski's picture

We all did. If you don't get that, you missed the message.

Thu, 05/05/2011 - 21:44 | 1246128 Calmyourself
Calmyourself's picture

We are all Peter...

Fri, 05/06/2011 - 01:22 | 1246473 DoChenRollingBearing
DoChenRollingBearing's picture


Thu, 05/05/2011 - 19:53 | 1245808 andybev01
andybev01's picture

What does my gardener have to do with it?

Thu, 05/05/2011 - 21:23 | 1246070 Lord Welligton
Lord Welligton's picture

Maybe your gardener is an illegal.

Maybe your gardener is god.

Maybe the IRS will give you a call and ask if your gardener is god or just another illegal.

Maybe the IRS is god.

Maybe the IRS is illegal.

Maybe you are Jesus.

Thu, 05/05/2011 - 19:18 | 1245653 cossack55
cossack55's picture

Good point on SETI, just in time for this:

Thu, 05/05/2011 - 20:18 | 1245883 New World Chaos
New World Chaos's picture

Funny, I just posted this in the EUSSR thread.  Synchronicities are God's synapses firing.  A sign that you are on the right track. 

A permanet slave planet with zero hope of escape is indeed their goal.  There are cheap spaceflight solutions like the rotovator, and asteroid mining would be a great way to shrink the stocks-to-flows ratios of PMs and transform them from hard money to mere commodities.  Yet for some reason, the big financing and the cheap research never come through.  And don't even get me started on SETI- Jamie Demon's gold toilet probably costs more taxpayer money.  They're not afraid of a mass freakout if we realize we're not alone.  They're afraid we would be inspired, go to space, and realize that even a precarious existence is better without the elites.

One of the main reasons the oligarchs want world government is that they don't want people to have the option of moving to a free country.  If every country sucks equally there will be no competition, no brain drain, no shining city on the hill, no way to get off the treadmill.  Space Wild West would be a disaster for them.  That is one reason why I am pulling for aliens showing up soon.  They might start a real space race between China and a reborn America.  Once we get established offworld, we can leave Earth to the sheeple and their beloved overlords while we claim our destiny among the stars.  Global Revolution, bitches!  And death to the EU!

Fri, 05/06/2011 - 04:59 | 1246632 Mad Cow
Mad Cow's picture

Then what is Déjà vu?

Thu, 05/05/2011 - 18:53 | 1245555 Use of Weapons
Use of Weapons's picture

Sides are being taken.  This is going to be very interesting to watch.  Just remember, the system is coming down and there is nothing they can do to stop it.

Who is this commentator? Posting the obvious, and linking a film that was made common knowledge over 8 years ago? And an Alex Jones video as proof? Holy fucking shit.

I think I misinterpreted a whole lot of serious naviety here as ironic </s>.


Newsflash -The war has already been fought, and decided; at the moment all we're seeing is a semi-polite discussion about how smooth the transition is.

Look back on Bern's 'great speech' and the amount of times "transition" was mentioned (and strangely didn't get to the word cloud). The game is done.


Sheesh. 8 years out of date on who got the Iraq war chest. Sheesh. Fucking joke.


Thu, 05/05/2011 - 19:00 | 1245581 mick
mick's picture

What a lot of silly nonsense not to sell your falling positions. I sold out of everything except gold and nat gas on Tuesday.  They'll probably go tomorrow.  I could buy back my positions in agricultural commodities, oil, gold and metals for 5% or more less than I sold them for.  I'll wait awhile though until the falling's done with.  A loss avoided is the same as a profit made.  Meanwhile the buy n hold physical shills are eating their losses.  More fool them, and no, I don't want to buy your little coins at $2 above spot.  

Thu, 05/05/2011 - 19:07 | 1245600 Sathington Willougby
Sathington Willougby's picture

Here's a big lie:

You go to work.  I point gun and take the largesse from your effort.  I go to jail.  I'm scorned by society.  I got my just deserts.


You go to work.  Millions point a pen and armed men threaten to put you in bfp (butt fucking prison) to steal your largesse.  They are promoted and their numbers grow.  They even take great pains point to the morality of their efforts.  Many sheep bleat their praises. 

A society of THIEVES.




Thu, 05/05/2011 - 20:37 | 1245946 DoChenRollingBearing
DoChenRollingBearing's picture

Beautifully written, Farm Road 666!

Thu, 05/05/2011 - 19:16 | 1245645 NOTW777
NOTW777's picture

how is it a "blessing" to have a front row seat to massive fraud, injustice and wealth destruction?  just thank God that you changed for the better from your obama vote of a few years ago

Thu, 05/05/2011 - 19:26 | 1245680 Robert-Paulson
Robert-Paulson's picture

The world is a vampire, sent to drain
Secret destroyers, hold you up to the flames
And what do I get, for my pain?
Betrayed desires, and a piece of the game

Even though I know - I suppose I'll show
All my cool and cold - like old job

Despite all my rage I am still just a rat in a cage
Despite all my rage I am still just a rat in a cage
Then someone will say what is lost can never be saved
Despite all my rage I am still just a rat in a cage

Now I'm naked, nothing but an animal
But can you fake it, for just one more show?
And what do you want?
I want to change
And what have you got, when you feel the same?

Even though I know - I suppose I'll show
All my cool and cold - like old job

Despite all my rage I am still just a rat in a cage
Despite all my rage I am still just a rat in a cage
Then someone will say what is lost can never be saved
Despite all my rage I am still just a rat in a cage

Tell me I'm the only one
Tell me there's no other one
Jesus was the only son, yeah.
Tell me I'm the chosen one
Jesus was the only son for you

Despite all my rage I am still just a rat in a cage
Despite all my rage I am still just a rat in a cage
And someone will say what is lost can never be saved
Despite all my rage I am still just a rat in a cage

Despite all my rage am I still just a rat in a-
Despite all my rage am I still just a rat in a-
Despite all my rage am I still just a rat in a cage

Tell me I'm the only one
Tell me there's no other one
Jesus was the only son for you

And I still beleive that I cannot be saved

Thu, 05/05/2011 - 19:31 | 1245707 Debtless
Debtless's picture

What's real is the 400% gain i made last week selling a chunk of the stack from $11 to $44.

That's real bitchez...Papered leverage isn't real.

I think I'll go buy a new truck...and back it the fuck up once again at the dealer at $20/oz.


Thu, 05/05/2011 - 20:12 | 1245870 Central Bankster
Central Bankster's picture

Yah, sounds good but you forgot to factor in that its not going back to $20.

Fri, 05/06/2011 - 02:57 | 1246555 Law97
Law97's picture

And don't forget to factor in the 28% capital gains tax on physical metal sales.  You didn't break even until silver passed the $38 mark.  So you made a couple bucks/oz., and Uncle Sam thanks you for the nice extra tax payment.

Thu, 05/05/2011 - 19:46 | 1245765 Lets_Eat_Ben
Lets_Eat_Ben's picture

Back up the motherfuckin' truck! Take it down to 20$ 10$ fucking .01$. Sell short everyone! Mathman, Travis777, other douchebags feel free to short PMs, energy, other commodities, anything real and tangible with ACTUAL FUCKING VALUE. Sell it all to me.

I'm long system collapse, dollar death, status quo destruction in all forms.

Sell short you shills, you fucking liars!


Thu, 05/05/2011 - 20:18 | 1245881 Moe Howard
Moe Howard's picture


Thu, 05/05/2011 - 21:15 | 1246046 Barking Spaniel
Barking Spaniel's picture

Hell yes!

Thu, 05/05/2011 - 21:49 | 1246135 Calmyourself
Calmyourself's picture

Love the name. I will bring fava beans and a nice Chianti. Yes, long on change...

Fri, 05/06/2011 - 07:31 | 1246710 MolotovCockhead
MolotovCockhead's picture

Please don't eat Ben or you will have to swallow his shit too!

Thu, 05/05/2011 - 19:57 | 1245812 zaknick
zaknick's picture

Wall street financiers, the military industrial complex and large multi-national corporations that don’t pay taxes

you forgot the redneck "drug warrior" who keeps what they kill whether it's money or drugs. They are the modern day Conquistadores and shall have their comeuppance when the millions of "drug offenders" (95% black and hispanic) have to be released. Then we shall see them reap the whirlwind.


Thu, 05/05/2011 - 20:04 | 1245836 LRC Fan
LRC Fan's picture

The US is a joke and a giant ponzi. 

I love hearing old folks complain about SS and medicare/caid.  My anaolgy is that "expecting" SS to be paid back is sort of like expecting the schoolyard bully to buy your lunch after he beats you up and takes your lunch money, plus whatever other money you have.  Just because you were stolen from your whole working life, that entitles you to some kind of reward?  Lol.  And it's the height of stupidity to expect the very thief to pay you back down the road.  Some people do get paid, but always in ever more worthles FRNs, and others have the game changed right in the middle-ie raising the retirement rate, raising taxes, etc etc.  It's a huge fucking joke, and my own family is as guilty as any of this bullshit.  I won't feel sorry for a soul who bitches about not getting "their share" of Social Security.  Fuck em, they were too lazy and stupid to do anything but vote, vote, vote for these assholes so they will get what's coming to them. 

Thu, 05/05/2011 - 20:27 | 1245914 Hannibal
Hannibal's picture

Tip of the hat.

Thu, 05/05/2011 - 20:39 | 1245952 Dirtt
Dirtt's picture

MAX: If you aren’t responsible for the increase then how can you act to stop them and why would you act if you didn’t cause it in the first place?


Captain BlindSight aka the Bernank: What was the question?

Thu, 05/05/2011 - 21:24 | 1246075 SoNH80
SoNH80's picture

Top notch article.  This is going to be an interesting summer for sure.  Physical PM's all the way, baby, and land, and food, and tools, not to mention neighborliness.  Let the trolls vent & preen while I hike & surf, we'll be proved right soon enough.

Thu, 05/05/2011 - 21:55 | 1246153 JR
JR's picture

The criminal monopolies and co-conspirators finally get into all the games, don’t they?

 “Get this,” from Nathan’s Economic Edge regarding a K5 news report on the Battle of the Books: “The average college student now spends more than $900 per year just on books.  Books that cost like $120 each.

“Why do college books cost that much?,” asks Nate. “I say because they have a monopoly and because they are greedy and because their institutions are not really about learning, they are about promoting the storyline.  Got it?

“So, back in March the universities got together and decided to sue for selling the same books at discounts to their rip off prices – you know, as if $78 for a book is a good deal.“

And say I, these people need to be closed off and put in prison. It’s grand larceny to force these students to pay monopoly prices, and then, when the free market tries to put its nose into the monopoly tent, have these criminals turn around and try to sue in the courts to protect their right to steal from their students, i.e., force them to buy at their university book stores.

The government-sponsored monopolies set up student loans that some students can’t possibly repay at bookie loan-shark rates, and then, when they get these kids to school, paying their loans and trying to get by on highly amplified tuition, it’s not enough!! They’ve got to steal on the price of books!!!

And we all know without even looking at the evidence that these universities are getting a rake off from the publishers. And there's one other thing: it's the university and the instructor working together with the publisher that identify the book you have to have. Hmmmmm...

Thu, 05/05/2011 - 22:07 | 1246155 Yen Cross
Yen Cross's picture

WELL ,someone had better slap his touche (ASS), and send him off to camp SNOOPY!

Thu, 05/05/2011 - 23:11 | 1246260 bid the soldier...
bid the soldiers shoot's picture

Everybody here is in such a state of denial about exactly how irredeemable our past economic system is, that they've gathered in packs to curse Bernanke down to Satan's Lake of Fire.

""Shooting the messenger" is a metaphoric phrase used to describe the act of lashing out at the (blameless) bearer of bad news." Bernanke is not delivering his horrific message by telling us what is wrong with the economy That would only make things worse. He's delivering it by the stanches and tourniquets that we see him applying to it. And we, long or short bonds, the dollar, the market, gold,or commodities can not endure to watch what his prescriptions are telling us about where the economy is headed. All of us think that we would make better Chairmen of the Fed. A hubris beyond any past example. We all had better wake up to the fact that the way we were is no more and the way we are going to be is yet unknown.

Thu, 05/05/2011 - 23:06 | 1246263 Garbage Can Ray
Garbage Can Ray's picture

I would encourage everyone here to continue to resist the deceivers. It is working. It is happening right now. 

Thu, 05/05/2011 - 23:32 | 1246302 holdbuysell
holdbuysell's picture

Buying silver eagles has been tough. Suggestions?

Thu, 05/05/2011 - 23:44 | 1246329 Sophist Economicus
Sophist Economicus's picture

Wait for the calm after the correction.    The sprint to $50 has flushed out lots of physical supply.  

Price has gotten ahead of itself, but the story for silver seems solid (disclosure:  I am partial to gold, but do have some silver).   Silver will make a run at $50 again, but only after it has demoralized some of the fair weather longs and got spec shorts in on a 'sure thing'.

When it ramps again, it will probably break the $50 resisitance and then be in rarefied air for quiet a while.

More important disclosure:  The above advice and 50 cents won't buy you a cup of coffee, but it might be true anyway

Thu, 05/05/2011 - 23:48 | 1246339 holdbuysell
holdbuysell's picture

Thanks, appreciate the thoughts, regardless of how it relates to 50 cents.

Fri, 05/06/2011 - 00:06 | 1246358 honestann
honestann's picture

Buy silver bars.  Try apmex.

Fri, 05/06/2011 - 00:33 | 1246409 Real Estate Geek
Real Estate Geek's picture

CNI ( is cheaper; plus, orders >$2K are shipped free.

Thu, 05/05/2011 - 23:51 | 1246344 honestann
honestann's picture

I don't believe success against the predators-that-be and predator-class is anywhere near forgone conclusion.  In fact, I believe they have the upper hand in overwhelming ways.  This time is different, because the technologies of mass population monitoring and mass enslavement and mass dumbing-down are vastly more effective today.  And this doesn't even include military advances, or the militarization of cops nationwide, or dozens of other preparations the predators have made.

Yes, the positive developments mentioned in the article are true.  But they can be shut down, and furthermore they are the means by which the predators have advantages over us.  By itself Facebook is a massive intelligence resources.  The biggest computer and internet companies (from facebook to google to microsoft) have put interfaces into their systems to allow instant and unlimited access to information and plans involving almost everyone everywhere.

One of the biggest problems is... americans no longer walk the walk, they simply endlessly talk the talk.  Almost nobody does anything to thwart or resist the predators.  Probably the biggest actual action taken by people is to accumulate physical silver [and gold].  Big deal... these assets have been rising for a decade.  How is this a major action?  It is important, but hardly something to brag about given alterior motives (make a profit) and smallness of this "movement".

Have masses of people closed their bank accounts and credit cards with the predators-that-be and predator-class and international ganster banksters who defrauded billions of people, destroyed the world economy, collected massive bonuses and have the federal reserve as their personal bailout machine?  No.

I hope I'm wrong and you are correct.  You could be correct, but large numbers of people need to take real, serious actions... not just talk and definitely not just vote.

Fri, 05/06/2011 - 02:28 | 1246527 bid the soldier...
bid the soldiers shoot's picture

What do you mean by predator? Someone who preys on the innocent, guiless investor/trader and sometimes is successful and other times not? Or are you talking about a PREDATOR, a person or organization with infinite resources, frightening intelligence and the determination of Samson in the Temple of Dagon? Aka The Terminator? It does make a difference in understanding your argument.

Fri, 05/06/2011 - 05:10 | 1246634 honestann
honestann's picture

A predator is a creature that does not produce the goods (or substance) it consumes, but instead takes it from other creatures (by physical force, lies, fraud, threats, deception, intimidation or through control of subordinates).  Everyone in government is a predator, unless they are providing a fully voluntary service paid for entirely by voluntary subscription (of which there are zero as far as I can tell).

On the other hand, a predator-that-be is a play on the term powers-that-be, and refers to the most powerful people in governments and corporations who royally lie, cheat, steal, defraud, enslave and generally run roughshod over the lives and rights of large numbers of individuals.

The predator-class is probably a few percent of the population who regularly lie, cheat, steal, defraud and harm many individuals.  This includes virtually everyone of significance in the federal government, federal reserve, large financial organizations, and many other large corporations.

The world is composed of three kinds of people on this measure, though the divisions are not always perfect:

#1: predator - lies, cheats and steals from producers
#2: parasite - votes for predators to get freebies
#3: producer - produces goods

Fri, 05/06/2011 - 10:35 | 1247460 JR
JR's picture

Well said.

Fri, 05/06/2011 - 15:47 | 1248940 bid the soldier...
bid the soldiers shoot's picture

An interesting thesis, honestann. But what is the difference between your predators-that-be and they that now sit at the very top of our economic food chain?

And who have sat there since the early corn markets in ancient Sumer and Egypt? While the predator class is only a few percent of the population, as you say, aren't they 95% of the other side of all the trades that are made every day? If you could magically do away with all the predators, wouldn't the volume on all the markets and exchanges shrink down to just a a couple of per cent of what it formerly had been?

Haven't predators been directing the progress of civilization through their possession of the economic driver's seat since Adam and Eve were foreclosed and dispossessed of Eden?

Finally, without precise knowledge of the assets and power they possess, isn't it dangerous to hurl accusations at them, not knowing their spitefulness and penchant for vendetta?

Sat, 05/07/2011 - 00:06 | 1250377 honestann
honestann's picture

One of the horrific mistakes people almost always make when discussing these kinds of topics is to ignore how people get rich.  Today, virtually every single member of the super-rich class got super-rich partially or entirely by unethical (predatory) means.  The most common are:

 - getting easier or special access to investment because of "who they know", not "the merit of their ideas and efficiency or profitability of their operations".

 - lobbying congress or regulators or administration to have laws, acts, statutes and regulations passed and/or implemented to give them advantages over others.

 - contributing to politicians and/or regulators and/or influential organizations who then direct contracts to them, protect them from prosecution by influencing prosecutors and regulators.

 - getting inside information.

 - gaining connections to the "predator network" where they help other predators profit, advance or avoid harm or prosecution.

 - endless more.

If we lived in a society where government and pseudo-government / regulatory agencies paid zero attention to any specific individual or organization, and only established honest, ethical rules and guidelines that favor nobody, and prevented establishment of rules and guidelines that favor some over others on the basis of anything other than achievement... then everyone except criminals would deserve their wealth.

But yes, today the predators-that-be ARE almost the same as the top 0.1% in terms of wealth and control.  And yes, today the predator-class IS almost the same as the top 1% ~ 5% in terms of wealth and control.  Small time predators - those who steal your purse - cause so little harm compared to the high level folks, they are almost not worth worrying about in the world of today.

Note this.  If the "top 5%" didn't have inside information, roughly half of them would be on each side of every trade.  Today, those "top 5%" have so much insider information, and so much help from other predators (JPM, federal-reserve, federal-government, etc), they are almost all on the profitable side.  Which is why they are "unethical criminal predators", not simply "wise and prudent individuals".

The "markets" should contain ZERO unethical trades.  Nobody should have insider information, and nobody should be able to manipulate the market with money they did not earn (and creating money out of thin air like JPM and others can does NOT constitute "earn").  If that means markets are only 50% as large, or 10% as large, or 1% as large, SO BE IT.

All humans were predators at some point way back in prehistoric times.  They did not know the seeds of the fruit and veggies they ate could be planted.  They did not know how to produce anything.  They first learned to produce things that made them better predators, for example sharpen the end of straight branches to make the spears that made them better predator-hunters.

But eventually some dude dug a few holes and hid the fruit he collected so he could eat it over the next few days.  Then he forgot or got distracted or got separated from his cache.  When he finally returned to the same area a few years later he noticed some very fine fruit trees exactly where he dug holes and burried his fruit.  The (not yet invented) light bulb over his head lit up as he realized what happened, and that he could produce as much fruit as he wanted by "planting" fruit.

He and his family became the first "producers".  Later they found a canyon with very small entrances on opposites sides of a lake in the stream flowing through.  They blocked off both entrances, captured some cows, goats, rabbits and chickens, and released them in their hidden "farm".  Now they not only produced fruit and veggies, they produced food animals.

My point is, humans started out as predators.  However, once other humans realized production was vastly safer and more efficient than the predatory life, being a producer became very popular.  Because production creates what would not otherwise exist given unassisted natural processes, the quantity of goods available exploded.  Life was much easier and safer, so lifespans got longer, and far more kids were born... and survived to reproduce.

Thus the human population of earth exploded.  It was not very long after productive processes caught on that the population of certain regions of earth (and eventually the entire planet) grew far, far, far beyond what could be supported by natural processes.  Today, the population of earth is about 1000 times too large to return to a predatory existence.

However, some humans continued to live the life of a predator (hunters, for example).  However, even they generally lifed a mixed life (hunted food animals, but also grew crops, built shelters, etc).

Unfortunately, some scumbag humans started practicing predatory canibalism.  That is, they did not produce the goods they needed to survive, but instead became predators upon the goods produced by other humans.

This is the legacy of politicians and other predators today.  They are predators, pure and simple.  They do not produce, they lie, cheat, steal and defraud humans to get goods produced by others.  Sure, they've gotten much more sophisicated, and have concocted and spread all sorts of lies and propaganda to make their scam more effective and safer.  They invented scams like religion to create fictional justifications for their predatory behavior.  Later they create human equivalents of god (kinds, emporers, royalty, etc) who producers were somehow obligated to serve.  Later they abstracted the holy crap out of this notion and replaced "god" and "king" with "society".  This has been their crowning achievement, because now the producers have nobody to defend themselves against.  I mean, if you fall for their bogus cover story, how can you "kill society" or "defend yourself from society"?

Unfortunately, the predators spent all day, every day concocting and testing scams.  The producers were busy working their butts off producing goods, which was not very easy at all in pre-industrial times.  So the predators have always been much more effective at concocting and executing their scams than producers have been at avoiding and defending themselves, and destroying predators.  In fact, producers more-or-less lost the entire mindset of predatory behavior, which is the only mindset that is able to control predators, including human predators.

My answer to your last paragraph warning is this.  Given the technologies already developed, and being further developed now, humans must wake up, must understand what has been happening, must refuse to comply, must learn to avoid the predator schems, and must start to cage and exterminate the predators.  Like I said, us producers do not naturally have that mindset... we are all about producing, not destroying.  We're not even inclined to destroy destroyers, which is a very, very, very huge problem today, given the state of technologies we developed, and they have turned against us.

If the producers of the world do not very soon overthrow the predators, earth shall become a permanent slave planet.  This is the clearly stated goal of the predator-class.  They do not hide it, and even if they did not say it explicitly (which they do), it is obvious to anyone who is awake and not stupid.

It is now or never.  The human race is a few years from becoming an abject failure.  The entire world will necessarily go the way of the USSR... ever-falling efficiency, ever-falling production, ever-falling standard of living.  Then huge numbers of people will be killed, either by starving them to death, or by overt killing by the increasingly militarized police forces and the militaries themselves.

This is not pleasant to compute.  Perhaps not many people have done so.  The predators have, and they have published their plans... just not in places where regular folks tend to read.

Sadly, we could take down the predators-that-be and predator-class easily and without violence... if only large numbers of people would take very simple actions like converting all paper assets to real, physical assets and goods (gold, silver, guns, ammo, seeds, garden/farm equipment, supplies, tools, productive equipment to produce basic goods, etc).  And do what I have been doing (mostly as an experiment), which is trading gold and silver for goods I need and want, rather than dealing in fiat, fake, fraud, fiction, fantasy, fractional-reserve debt toilet-paper non-money.

If a large enough number of people took all the non-violent actions they could (and these actions are even lawful), the predators would fall without violence.  If these people are the producers, far less than a majority is needed to crash the predator system...though a significant minority is needed.

But we must also be prepared to stop supporting the predators no matter what the risk, cost and inconvenience.

Thu, 05/05/2011 - 23:51 | 1246348 shazbotz
shazbotz's picture

As long as there physical gold and silver to be bought, I'm buying; regardless of how much toilet paper it costs.



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