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Opening Panel From 2011 Milken Conference: "The Shape Of Things To Come"

Tyler Durden's picture


The 2011 Milken conference launched today (full line up here) and while nothing revolutionary is usually exposed during the several days of its duration (which however does not prevent it from hosting some of the better LA parties in May), it does invite some of the more luminary thinkers of our time. As such it is no surprise that as part of its inaugural panel for this year's event, "The Shape of Things to Come: Understanding the New Global Economy" speakers were Pimco's Mohamed El-Erian and Guggenheim's Scott Miners both of whom very often grace the pages of Zero Hedge. Additionally, the panel saw the presence of Laura Tyson, former Chairman, National Economic Council and Rubern Vardanian
Chairman and CEO of Russia's Troika Dialog. Follow 77 minutes of solid view and opinions by some of the more controversial people in a climate of unanimous, and often times foolish, consensus.

From the panel's intro:

The cataclysm is behind us — but the view looks dramatically different
from the other side. Global Conference 2011 kicks off by bringing the
outlines of the new global economy into sharper focus. Emerging
economies are flexing their muscle and attracting vast flows of capital,
while the developing world begins to seem like a lumbering giant. What
are the economic relationships, trade flows and demographic trends that
will define the future? How will global institutions manage the world's
web of interconnection and risk? How permanent are these changes? Who
are the players to watch?

And a quick summary of the participants:


Mohamed El-Erian,
CEO and Co-Chief Investment Officer, PIMCO

Scott Minerd,
Chief Investment Officer, Guggenheim

Laura Tyson,

S. K. and Angela Chan Chair in Global Management, Haas School of
Business, University of California, Berkeley; former Chairman, National
Economic Council

Ruben Vardanian,
Chairman and CEO, Troika Dialog


Jared Carney, Executive Director, Program Development and Marketing, Milken Institute

Full panel:


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Mon, 05/02/2011 - 19:50 | 1232237 Dan The Man
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...never heard of it


Mon, 05/02/2011 - 21:14 | 1232465 anynonmous
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it's a bankster bash hosted by and attended by some of the most honorable and upstanding financial wizards of our time


What should concern any and all readers  of Zero H is the tone of this post

yes it is a statement of fact

but no, it is not the original Tyler Durden who clearly (based on a change in writing style and tone) has been co-opted and/or who has cashed out

ZH so sad, we hope the payout was worth it


Mon, 05/02/2011 - 22:14 | 1232598 traderjoe
traderjoe's picture

"it does invite some of the more luminary thinkers of our time"

Interesting. Not going to spend much time thinking about it (the change in style). But, interesting. 

Tue, 05/03/2011 - 00:29 | 1232790 G-R-U-N-T
G-R-U-N-T's picture

Laura Tyson....Hm....What an embarrassment to the financial community.

Listening to her babbling whinny voice makes me want to spew!

How many companies has that bitch ran?

Tue, 05/03/2011 - 00:42 | 1232918 Ahmeexnal
Ahmeexnal's picture

Who ordered the foodstamp story pulled down?

I guess LaBamba didn't like his party spoiled if the sheeple had a look at cold hard facts.

Tue, 05/03/2011 - 00:48 | 1232924 redpill
redpill's picture

From the panel's intro:

The cataclysm is behind us — ...


My fuckin ass it is.

Tue, 05/03/2011 - 03:19 | 1233082 flavian
flavian's picture

I prefer the web bot version.. :)

Mon, 05/02/2011 - 22:56 | 1232697 jse111
jse111's picture

Everyone, repeat everyone, has a price!

Mon, 05/02/2011 - 23:09 | 1232715 KinorSensase
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The user comments are the best part anyway.  As long as Tyler continues to show a keen overall awareness and post about the right stuff, peer review takes care of revealing the truth IMO.

Tue, 05/03/2011 - 01:08 | 1232965 i-dog
i-dog's picture

"not the original Tyler Durden who clearly (based on a change in writing style and tone) has been co-opted and/or who has cashed out"

He still graces us from time to time with his incisive wit and precise grammar. Too rarely, now, though. :(

Tue, 05/03/2011 - 05:19 | 1233141 slaughterer
slaughterer's picture

Scott Minerd in his opening remarks represents views that are commonly discussed here at ZH: Keynesian endgame, debt super-cycle, etc.  With regard to El-Erian, you always want to know what this guy is thinking, as he is very influential in the mainstream finance world, and his thoughts do have application for global investment strategies.   The other two panelists, I could do without. 

Mon, 05/02/2011 - 23:06 | 1232707 bigelkhorn
bigelkhorn's picture

I cant belive i just watch that. LOL. Oh well, I am a dofus.

Wonder how much these guy got paid to spruke BS. 

I subscribe to the guy from australia and his FFT economic newsletter at  that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.


Tue, 05/03/2011 - 00:45 | 1232922 magis00
magis00's picture

Again?  Well then again I say, disprove.

Mon, 05/02/2011 - 19:53 | 1232247 buzzsaw99
buzzsaw99's picture


Mon, 05/02/2011 - 21:09 | 1232451 Captain Benny
Captain Benny's picture

Michael Milken is a pile of shit scumbag.  He knows it and so does his family who do whatever they can to cover his ass.  The guy deserves the death penalty along with the Bernank and Timmah.


Gives me an idea... Maybe we could fire Paulson's "bazooka" at Bernanke's helicopter as they shake the change out of Timmah's pockets high over the Rockies?   Milken's cancerous prostate can be tossed to the rotor blades....   Let the helicopter crash with Bernank, Timmah, and Milken on board.  Just so happens to crash right on top of dipship Paulson who forgot that gravity always wins.

Now, thats the crash we can all believe in.

Tue, 05/03/2011 - 05:49 | 1233153 Weisbrot
Weisbrot's picture

so how do you feel about the BJ Lewinsky Global Initiave?

Tue, 05/03/2011 - 06:04 | 1233162 Weisbrot
Weisbrot's picture

tell us how you really feel

Mon, 05/02/2011 - 20:05 | 1232259 tom a taxpayer
tom a taxpayer's picture


2011 Milken Conference???

So, will there be a 2021 Madoff Conference? And a 2020 Ponzi Conference for a centential celebration honoring Mr. Ponzi.







Mon, 05/02/2011 - 20:02 | 1232287 long juan silver
long juan silver's picture

Sokal announced as key note speaker.

Mon, 05/02/2011 - 20:40 | 1232389 Thomas
Thomas's picture

He is the 2011 Ponzi Lecturer.

Tue, 05/03/2011 - 05:47 | 1233154 Weisbrot
Weisbrot's picture

some think this is one of those

Mon, 05/02/2011 - 19:55 | 1232263 PaperBear
PaperBear's picture

The cataclysm of a currency is ahead of us. Debt instruments have a duration and a few trillion dollars of debt will be up for repurchase in the next year so. Who is going to buy this debt and the 1.5 trillion dollars in new debt annually for the next few years ? China will be cutting their purchases and Japan has to cut to pay for the Tsunami clean up. The end of the giant pyramid scheme is fast approaching.

Mon, 05/02/2011 - 20:40 | 1232381 Mec-sick-o
Mec-sick-o's picture

The FED, backstopped by Central Banks, taxpayers and third world countries.

Mon, 05/02/2011 - 19:58 | 1232264 Misean
Misean's picture

If laura tyson is "some of the more luminary thinkers of our time..." we're in some pretty deep shit man!

Mon, 05/02/2011 - 20:16 | 1232319 Tyler Durden
Tyler Durden's picture

"some" - Dennis Kneale is moderating several panels

Mon, 05/02/2011 - 20:28 | 1232338 reinhardt
reinhardt's picture

tyson = not your average park ranger

Tue, 05/03/2011 - 00:41 | 1232854 G-R-U-N-T
G-R-U-N-T's picture

I remember her debating with Sir James Goldsmith on the Charlie Rose show back in the early 90's...Goldsmith was arguing that US policy via GATT would impoverish the West understanding that US corporations would whore labor to Asia to increase profits vs. Tyson arguing global Utopian trade, however she was ignorant of the consequences of that reality as was Newt Gingrich and others.

Here's a re-cap...

Tyson was a whinny babbling idiot then too! What's troubling is I think she acutally believes she knows something.

Goldsmith was a successful practical businessman full of common sense and reasonableness everything that Rose and Tyson are not.


Tue, 05/03/2011 - 04:51 | 1233133 UncleFurker
UncleFurker's picture


Great vid. Thanks for the link.

Must see video.


Mon, 05/02/2011 - 20:32 | 1232361 Misean
Misean's picture

Yes. T'was a flippant dig at Mzzzzzzzzzzz. Tyson, not the author.

Mon, 05/02/2011 - 21:44 | 1232535 knukles
knukles's picture

Holy Shit Medical Center! 
Subdural aneurysm.

Mohamed El-Erian and Laura Tyson moderated by Dennis Neale, hosted by Mike Milken. Ummmm ah  jezzzzzzzzzzus fuckthathurts!
Felt just like sitting on my nuts.
Mon, 05/02/2011 - 21:51 | 1232548 THE DORK OF CORK
THE DORK OF CORK's picture

Goldsmith gave that stupid bitch a lecture in reality and she still has the nerve to talk shit and more shit

She should be hiding under some rock now.

God give me strength.


Mon, 05/02/2011 - 20:48 | 1232407 GubbermintWorker
GubbermintWorker's picture

Wow! She sure can regurgitate that pablum she's been fed!

Tue, 05/03/2011 - 05:52 | 1233156 Weisbrot
Weisbrot's picture

we all know that the only place keyensianism can work for all, is in the perfect socialist society.... dont we have that yet?

Mon, 05/02/2011 - 19:59 | 1232267 AccreditedEYE
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The same Milken who said last year that the middle class is going to have to learn to suck it up. "They (the middle class) will have to decide if they want to live in a nice home or afford to send their children to a good school." Milken, with advice like yours the middle class needs no other enemies.

Mon, 05/02/2011 - 20:57 | 1232423 Minimum Clearance
Minimum Clearance's picture

He was probably right, though.

Mon, 05/02/2011 - 21:45 | 1232536 knukles
knukles's picture

And so, pray tell, what did the middle class decide?

Mon, 05/02/2011 - 22:18 | 1232612 masterinchancery
masterinchancery's picture

Neither--they bought ipads instead.

Mon, 05/02/2011 - 20:00 | 1232271 SparkyvonBellagio
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PONZI PALOOZZA 2013 NYC 100th Anniversary



Mon, 05/02/2011 - 19:58 | 1232274 Chippewa Partners
Chippewa Partners's picture

Mike took the hit before Rudy nailed his brother Lowell too....... hey, what's a mere few hundred million to the SEC and a stint in Club Fed to keep the family fortune intact?   All you need to know about Milken is at

Mon, 05/02/2011 - 20:04 | 1232285 blindman
blindman's picture

predator's ball, reloaded.

Mon, 05/02/2011 - 20:19 | 1232331 gordengeko
gordengeko's picture

Shocking, mohamed pimpco starts off bashing the US.

Mon, 05/02/2011 - 21:06 | 1232445 buzzsaw99
buzzsaw99's picture

He looks like a terrorist.

Mon, 05/02/2011 - 21:48 | 1232543 knukles
knukles's picture

Politically incorrect!

He looks like a financial terrorist.
Politically corrected.
Politically connected.


Mon, 05/02/2011 - 21:52 | 1232552 buzzsaw99
buzzsaw99's picture

He looks like a financial terrorist.


Funny, he doesn't look joo-ish.

Mon, 05/02/2011 - 20:25 | 1232335 reinhardt
reinhardt's picture

.. hmm.. milken.. milken .. is he that guy

Mon, 05/02/2011 - 20:32 | 1232353 Dan The Man
Dan The Man's picture


...milken for all they're worth

Mon, 05/02/2011 - 20:33 | 1232366 francis_sawyer
francis_sawyer's picture

notice like all these dudes have names like "MILK-IN" & "MADE-OFF"?

Mon, 05/02/2011 - 21:34 | 1232515 Rick64
Rick64's picture


Mon, 05/02/2011 - 20:37 | 1232367 Ignatius
Mon, 05/02/2011 - 21:45 | 1232452 tom a taxpayer
tom a taxpayer's picture


C'mon, Ignatius...give us something deeper...we are hungry for wisdom from medieval philosophy. Or, is your pyloric valve stuck tonight? :-)


Mon, 05/02/2011 - 23:21 | 1232746 Ignatius
Ignatius's picture

"One need not scrape bottom, as it were, in order to view his society subjectively.  Rather than moving vertically downward, one might rather move horizontally outward, where a modicum of creature comforts are not necessarily precluded.  And I was there, on the very rim of our age, before [Max Keiser's] cataclysmic intemperance cast me into the fever of contemporary existence."

From'd I do?

Mon, 05/02/2011 - 23:56 | 1232836 tom a taxpayer
tom a taxpayer's picture

Good, Ignatius. Now you're talking.

"As a medievalist Ignatius believed in the rota Fortunae, or wheel of Fortune, a central concept in De Consolatione Philosophiae the philosophical work which had laid the foundation for medieval thought."

"Oh Fortuna, blind, heedless goddess I am strapped to your wheel,"  Ignatius belched. "Do not crush me beneath your spokes. Raise me on high, divinity." 

"What are you mumbling about in there boy?" his mother asked through the closed door. 

"Please go away!" Ignatius screamed. "You're shattering my religious ecstasy."

Mon, 05/02/2011 - 20:38 | 1232379 youngman
youngman's picture

The Shape of Things to come....hmmm..a great song from a 60´s movie....Wild in the Streets

We need this song updated....

Mon, 05/02/2011 - 20:41 | 1232393 percolator
percolator's picture

Watch Ms. Tyson get an epic smack down by Sir James Goldsmith:




Mon, 05/02/2011 - 21:24 | 1232486 Nero
Nero's picture

Thanks Percolator...

Great Video........A Must Watch!

Explains why we are where we are today.

Mon, 05/02/2011 - 22:48 | 1232678 Rick64
Rick64's picture

  Great video.

Mon, 05/02/2011 - 20:43 | 1232398 francis_sawyer
francis_sawyer's picture

Shape of things to come? How about...

……..(’(…´…´…. ¯~/’…’)
……….”…\………. _.·´


Mon, 05/02/2011 - 22:04 | 1232577 I am Jobe
I am Jobe's picture

Love it, time for the stupid talks are over. These guys are useless giving each other hand jobs and not doing anything.



Mon, 05/02/2011 - 20:56 | 1232421 tradewithdave
tradewithdave's picture

How come this article just disappeared from ZeroHedge?

The link works, but the article seems to be gone.

Mon, 05/02/2011 - 23:50 | 1232828 Mec-sick-o
Mec-sick-o's picture


Mon, 05/02/2011 - 20:56 | 1232430 Captain Benny
Captain Benny's picture

Milken is a piece of crap.  Anyone doubting me should go read the story of Dendreon over at Deep Capture.  Its a big weave of the Street's trashy dirtbags:

Mon, 05/02/2011 - 20:57 | 1232434 krispkritter
krispkritter's picture

Off topic? The shape might be pretty bad if this is for real: Corp to Blow Hole in Missouri Levee

FEMA National Level Exercise to Begin in May:

Nothing ever good happens when 'exercises' coincide with other events.  And not only is this going to flood farmland, rains have stopped planting of nearly 2/3rds of normal crop amounts in the region, primarily corn. And they still intend to raise enthanol mixes to 15%? 

Wonder what kind of week this will be?

Mon, 05/02/2011 - 22:18 | 1232584 knukles
knukles's picture

It should be another great week, blue skies, bright warm sunshine, little puffy white delicate clouds, clean gentle breezes, flowers blooming, bunny rabbits hopping, birds chirping, butterflies flitting, baby kitty's cuddling, unicorns shitting rainbow colored skittles, dogs licking their balls, and bankers raping the people with the approval of those sworn to protect and defend the treasure of society, invisible craft raining death and destruction upon innocent civilians, holiday renditions to new and different foreign lands, full Bernaysian onslaught from the thought police, delving society deeper into the Hegelian Dialect, absorbing ourselves in Jersey Shore reruns and Snooki commencement addresses at institutions of higher education, while burning with jealousy at our neighbor's new white iPhone....
What more could you ask for?  

Mon, 05/02/2011 - 22:25 | 1232622 krispkritter
krispkritter's picture

Dyed in the wool optimist are we? I guess I can go along with that so long as the dog gets to lick Snooki's balls and the bankers only rape the neighbors with white iphones. Gotta run, need to prep the guns for the unicorn hunt tomorrow...if we're all still here that is...

Mon, 05/02/2011 - 21:07 | 1232450 miker
miker's picture

Nothing but a buch of blowhards. 

Mon, 05/02/2011 - 21:05 | 1232454 glenlloyd
glenlloyd's picture

'The cataclysm is behind us'

epic fail

Tue, 05/03/2011 - 03:12 | 1233076 BorisTheBlade
BorisTheBlade's picture

Epic win if it was said for the lulz

Mon, 05/02/2011 - 21:08 | 1232462 slewie the pi-rat
slewie the pi-rat's picture

this might have a little downside.

let me see what the moQ thinks, and i'll get back to you.

Mon, 05/02/2011 - 21:26 | 1232495 Luke 21
Luke 21's picture

Scott Minerd had some good stuff to say. His comment about the inter-connectedness of Portugal and Ireland banks to Greek debt, and Spain's connection to Portugal and Ireland, and Germany's connection to Spain were brilliant. Makes me wonder if the recent down move in greek debt will be the catalyst for the next global downturn. Scott Minerd made the great point that while Greece is small so many other european countries' banking systems will be directly or indirectly affected by the eventual Greek debt restructuring.

Mon, 05/02/2011 - 21:35 | 1232519 steveo
steveo's picture

Come to think of it, when everything says bear, better watch for the opposite.   Unless somehow I have gathered a magically group of ratios.

These are all 100% genuine Hawaii Trading

Mon, 05/02/2011 - 22:12 | 1232560 No More Bubbles
No More Bubbles's picture

Why do these elitist jackhole vermin pig-scum have these pointless meetings?  Who the fuck are they to debate or attempt to dictate how economic matters should be imposed based on their flawed thinking?  Why don't these scum have their ill-gotten wealth disgorged, then they should be lead to the gallows along with all their other ilk.




:ets get real!  It's well past the time to start destroying all the crooked scum.  If they aren't stopped now, they'll destroy us more than they already have.

"The Shape of Things to Come"?   Well, I have a few shapes - Bullet, Guillotine, Noose, Sword, etc....

Mon, 05/02/2011 - 21:59 | 1232570 I am Jobe
I am Jobe's picture

WTF, how amny fucking conferences and summits do we need. F this shitz bitchezzzzzzzzzzzzzzzzzz and start the hanging of the bankers and politicians now. Enuf of this yak yak yak. Screw them. All the PhD's and MBA's and this is the crap we get. Shows that education is useless bitchezzzzzzzzzzzzzzzz.

Mon, 05/02/2011 - 22:14 | 1232593 No More Bubbles
No More Bubbles's picture


Mon, 05/02/2011 - 22:10 | 1232591 SwingForce
SwingForce's picture

Its a fucking HOAX by assholes wearing MONKEY SUITS. Fukkerz.

Mon, 05/02/2011 - 22:22 | 1232614 knukles
knukles's picture

Now that's just wrong. 
Mohammed is not wearing a monkey suit. 
He really looks like that.

Mon, 05/02/2011 - 22:31 | 1232638 FischerBlack
FischerBlack's picture

It's not so much the shape of what's coming that's important, but that it's big, it's coming straight for your anus and it doesn't have any lube. Even in the best of all possible worlds, it's gonna hurt like hell.


Mon, 05/02/2011 - 22:38 | 1232648 bobert
bobert's picture

I don't have the patience or the stomache to listen to the Milken

panelists. I'd rather just tune into ZH and pick up some good

ideas. I'm still selling silver bullion and expecting to do so

through the end of this week. Making a nice profit on $22 per oz.

inventory. My silver short ETF is regaining some recent losses.

Hyper inflation is likely in the near future so I'm not going to

continue with the above action for long. Picking up other things

that go up when all the money out there sparks. How about you?

Mon, 05/02/2011 - 23:26 | 1232764 lsd
lsd's picture

we need next kaynes! )

Mon, 05/02/2011 - 23:32 | 1232774 atomicwasted
atomicwasted's picture

Hey, dumbshits, learn a little something before getting pissed off at Milken.  Milken invented the junk bond, which let companies go out and raise money _independent of the banks_.  He pissed all over the bankers.  That's why they had to go out and get him on something, and what they got him on was a ginned-up bullshit insider trading charged.  Milken is a true capitalist and innovator, not a banker.  It's more fun to compare him to Madoff than to learn about the truth, though, based on some posts above.

Mon, 05/02/2011 - 23:33 | 1232788 I am Jobe
I am Jobe's picture

Garbage in garbage out. Wow, I should start my PhD in this crap.

Mon, 05/02/2011 - 23:31 | 1232779 I am Jobe
I am Jobe's picture

Advertisement by Citizens against Government Waste

Mon, 05/02/2011 - 23:42 | 1232804 Caviar Emptor
Caviar Emptor's picture

At the Milken conference you need to communicate with subtlety. So I usually talk about how this is a golden age and we have lots of golden opportunities. 

Mon, 05/02/2011 - 23:46 | 1232821 Dan The Man
Dan The Man's picture

Citizens against Government Waste...

Aside from the portrayal of the Chinese as "evil-ish" ....which is what it may take in amerika...

...i liked it very much

Tue, 05/03/2011 - 00:07 | 1232834 What_Me_Worry
What_Me_Worry's picture

2012 Milken Conference: "Cancelled: Due to Hyper-Inflation"


From the panel's intro:

Who could have known that printing massive amounts of money could cause hyper-inflation?  We were all blind-sided by it.  We were told this time it would be different.  Also, we are all looking for employment.  Our skills include pretending to be needed, BTFD and losing our clients' purchasing power.  We apologize to those who pre-paid their admission.  Your $100,000,000,000,000 or 3 eggs will be refunded to you at the door.


and a quick summary of who would have spoken:


Dr. Ron Paul- U.S Presidential Front-Runner

Pres. Obama- Current US president and 2nd in surveys with nearly 1% of the vote(MOE=+/- 1%)

Donald Trump- Leading expert on how to go into bankruptcy

Ben Bernanke- Federal Reseve Chief who still claims printing money doesn't cause rising prices/$100T notes are transitory

Tue, 05/03/2011 - 00:01 | 1232843 AldoHux_IV
AldoHux_IV's picture

Laura Tyson is about as insightful to economics as nipple hair is to world peace.

Tue, 05/03/2011 - 00:11 | 1232859 ebworthen
ebworthen's picture



Such a regressive form of communication compared to text; well, writing not txt.

I'm surprised no one said "We must do it for the children."

Tyler changed?  People evolve, and sometimes they need to tone it down for their own sake.


Tue, 05/03/2011 - 01:43 | 1233006 MrPalladium
MrPalladium's picture

Sorry folks, the only parts of the U.S. that these panelists see are the insides of its glass towers and its airports.

They are completely detached from reality. And the real demographic problems confronting America and Europe they completely ignore.

1. In our lust for cheap labor, our immigration policies are lowering the average IQ in the U.S, and to a lesser degree Europe, at an alarming rate, and the near perfect correlation between average IQ and GDP will inflict its inevitable damage. Not a hint within the panel about reversing this trend.

2. Our welfare system subsidizes the dramatic birthrates in the bottom IQ quartile of our population, further lowering the average IQ in the U.S. and Europe, thereby creating an intractable and accellerating demographic problem for the economy by increasing the welfare burden as it decreases the percentage of the population able to compete successfully in the world economy and support that burden.

3. Our system of racial preference laws will have an increasingly dramatic and very powerful negative effect on European Americans once they become a minority, because there will be no possibility of reversing these discriminatory policies as the political process becomes increasingly hostile to protecting their interests and rights. The most likely outcome is expansion of the trend from present suburban and regional/interstate white flight to a future of international white flight. Young unemployed Euro-Americans are likely flee to any nation that wants them and demonstrates a willingness to treat them fairly.

4. The sickening optimism of the panelists is maintained not by Keynesianism, but the the marxist assumption that every hour of human labor has the same exact value and, thus, that all humans are equal. It is that central assumption of economics which allows them to ignore the real demographic problem - the fact that the U.S. lust for cheap labor and low wages is leading our descent into third world status but with a crippling first world welfare burden, and that no amount of educational investment can reverse that trend.

Tue, 05/03/2011 - 03:02 | 1233039 i-dog
i-dog's picture

1. [Your Anti-Immigration Argument] Nonsense! Average IQs are being lowered by a combination of chemicals (fluoride, ritalin, prozac, aspartame, vaccines, etc), education (no child left behind = all must be given a pass), and propaganda (the MSM will tell you what to think: Just focus on Danzig mit die Stasi and emulate an American Idol).

2. [Your 'Idiocracy' Argument] Nonsense! It's not [only] the welfare system that encourages over-breeding by the unwashed, it's also the fundamentalist christian prohibition of abortion, and catholic prohibition of birth control, combined with MSM glorification of early teen sexual gratification. Government promotion of breeding the next generation of taxpayers to fund the current generation of leeches also plays a part.

3. [Your Racist Argument] Nonsense! America was built by a diverse range of races ... English and Irish (who hated each other), Germans and French (who hated each other), Russians and Poles (who hated each other), Chinese and Mexicans (who all the others hated), Norwegians, Dutch, Greeks, Italians........ the list goes on and on. Get a new act ... this one stinks!

4. [Your 'Filthy Capitalist' Argument] Nonsense! The export of low-wage jobs to the third world was welcomed by all those who were tired of dangerous, back-breaking and mind-numbing work in the mines, textile factories and car / electronics assembly lines. All those outsourced or robotized jobs were SUPPOSED to be replaced by higher-wage and more fulfilling jobs -- as a result of everyone getting college degrees or retraining -- in either the entrepreneurial and high-value-added small business sector or in the smarter ranks of management, planning, design and engineering in big business. However, [both D and R] Big Government decided to stifle small business with crippling regulations and taxes and to steer big business into M&A and downsizing by removing all controls over unproductive financial shenanigans. The outsourcing was inevitable; the failure to replace was inexcusable.

Tue, 05/03/2011 - 06:29 | 1233174 falak pema
falak pema's picture

The cataclysm is behind us — but the view looks dramatically different from the other side. 


This says it all...the false premise and the right observation on structural dis-symmetry...

The cataclysm is 'officially' over is the theme of the Oligarchy. Not for those who are contrarian. If all three main currencies implode and assets get wiped out in next five years we won't have achieved much by having kicked the can down the road. Except if you belong to the OIigarchs clique and not to Main Street. Having said that, the relative demise of economic prosperity in USA/EU/Jap is counterbalanced by the relative dynamism and health of the EM economies. Will it last? Somewhere down the road the DCs will have to pay the bill and the EM will then be faced with the same economic problems... Inventing the new paradigm of economic/social/ecologically compatible world, free of ME oil dependence, henceforth based on renewables, with world population stabilising and food production assured economically via tech. progress, is an equation that will one day be on the table. After the dust settles of the current tipping moment as it transitions away from western supremacy...Or will it? ...There is always the temptation to go the whole hog as of old...Rule by the sword in the age of nuclear mutual destruction...Who wants to play at being Achilles?...Now that we know he had a heel!

Tue, 05/03/2011 - 06:27 | 1233175 heavymetaleconomist
heavymetaleconomist's picture

About 16:40 in Ms. Tyson claims that "China has surpassed the US as the #1 consumer of oil". This is clearly wrong. China has surpassed the US in terms of ENERGY consumption, but not oil.

"The U.S. also remains the biggest oil consumer by a wide margin, going through roughly 19 million barrels a day on average. China, at about 9.2 million barrels a day, runs a distant second."

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