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A Time To Speak Out
From Mike Krieger of KAM LP
A Time to Speak Out
Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won't come again
And don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'.
For the loser now
Will be later to win
For the times they are a-changin'.
- Bob Dylan
Carl Quintanilla: Futures were down 30 now down 175.
Joe Kernan: These pictures (Greece) aren’t helping.
- This morning on CNBC
The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities.
Zbigniew Brzezinski in his book Between Two Ages: America’s Role in the Technetronic Era
I wasn’t going to write this week so this will be extremely brief. The entire charade that has been propagated on humanity is coming completely unglued and there is absolutely no stopping it. I have only one request to those that are reading this. If you know of specific incidences of corruption or serious wrong-doing come forth and tell everyone now. This is your last chance. When this things breaks the 99% of people on this planet that have been unwilling victims of a very small group of elitist political and corporate players and others will be so completely destroyed they are going to go after people and in a very serious way. This must be done calmly and without violence but it must be done and it will be done. At that point the backstabbing and selling out by people that previously held alliances with one another will be so chaotic it is going to be tough to separate those did the most harm from those that were willfully ignorant. I fear that being willfully ignorant will not be a defense that will appease many so it is best to come out before that point is reached. For those that have read A Tale of Two Cities or just generally know your history remember what happened in the aftermath of the French Revolution. There was illogic and indiscriminate punishment applied in many cases. I hope this never happens and I will fight to prevent it all the way but the best thing one can do now is come clean if there is anything you need to come clean about. Bob Dylan said it best in the quote at the top. This is the chance. Do not let it pass you by because of fear or greed. Truth is all that matters.
Turn the Television Off
I barely watch any television anymore. It has been this way for several years now and it is the best thing I have ever done in my life. I turn it on to CNBC when I wake up for 15 minutes or so and then I watch reruns of “The Office” before I go to sleep. That said, the 15 minutes I get from CNBC in the morning is invaluable. It reinforces why I don’t watch tv and it also reminds me why many investors are so lost. As the futures plunged this morning Joe Kernan stated “ These pictures aren’t helping.” Helping what exactly? Helping an agenda. An economic philosophy that unfortunately dominates our current financial system. A system that is NOT free market in many crucial ways, but rather is top down autocratic system run by Central Bankers (you have to read this http://www.marketskeptics.com/2010/05/federal-reserve-has-been-abusing.html). That profession needs to go or be changed entirely back to its root functions. Later in the news segment one of the guests begged the CNBC anchors to take the pictures off the screen. They don’t play well in Disneyland. Television can be great for certain purposes but do not for a minute think you are getting the news of the day. You see what you are permitted to see. Mainstream journalism is dead.
The Latest Martin Armstrong Piece
I also wanted to implore everyone to read the latest piece by political prisoner Martin Armstrong. Here is the link. http://www.martinarmstrong.org/files/Closing-at-10520-32-Down-3-2-5-14-10.pdf
If we don’t stand up now then the world envisioned by Zbigniew Brzezinski may come to pass. It will be a technocratic neo-feudalism. Your children and grandchildren are going to ask what you did during this time. How you stood up. What side were you on. We can’t let this chance slip away.
Mike
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Check Yea votes with your municipal bonds....
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00153
As of right now they are squeezing Europe first before the US. This because the US is the more complacent figure. Where are the US strikes like Greece? Europeans get riled up at the mention of a currentsea crisis because that culture has experienced it in the last few hundreds of years many times over. The only squeeze on a currentsea America has known since the doelarr was from oil spikes. The only other problem the doelarr has had is it has been over valued.
Another large lot of silver delivered tomorrow. The fact that the price I just paid is slightly higher than today's spot price doesn't make me feel bad whatsoever. I keep a silver and gold coin on my desk just to remind myself every day (while trading) what true wealth really looks like.
It's the only investment, out of everything I have, that I haven't thought of selling once. I feel good every time the delivery truck knocks at my door to sign for another package.
The urge to cash out my roth becomes stronger every day. The casino cashiers will eventually take their "lunch" break.
Place your bets.
PASSED:
SEC. 1301. RESTRICTIONS ON USE OF FEDERAL FUNDS TO FINANCE BAILOUTS OF FOREIGN GOVERNMENTS.
The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end the following:
``SEC. 68. RESTRICTIONS ON USE OF FEDERAL FUNDS TO FINANCE BAILOUTS OF FOREIGN GOVERNMENTS.
``(a) In General.--The President shall direct the United States Executive Director of the International Monetary Fund--
``(1) to evaluate any proposed loan to a country by the Fund if the amount of the public debt of the country exceeds the gross domestic product of the country;
``(2) to determine whether or not the loan will be repaid and certify that determination to Congress.
``(b) Opposition to Loans Unlikely to Be Repaid.--If the Executive Director determines under subsection (a)(2) that a loan by the International Monetary Fund to a country will not be repaid, the President shall direct the Executive Director to use the voice and vote of the United States to vote in opposition to the proposed loan.''.
This is the world these people are working towards:
http://www.cfr.org/publication/9903/sovereignty_and_globalisation.html
Put down your weapons, give up your sovereign rights as a citizen of a republic, and 'cede some sovereignty' to Goldman Sachs and 'world bodies'. Enjoy the post-democratic, post-civil liberties age and welcome global fascism!
interesting! thx
This bubble will pop and once it does silver will be the hope to soak up liquidity. Silver tracks inflation perfectly. Yes, silver, the "free floating" money, tracks inflation perfectly. JPM has put it in a weird mini sphere of un-reality! This much like the public. Sleeping Beauty....Lif tthe shorts and lets see what happens! Would anybody short silver in their right mind? The inflation guage is relative to some made up game of ponzi monopoly, sure. What is monie? Paper?!?! c'mon. Burn that contract to the ground! Tell the government you will no longer pay their wars!
The #1 reason to buy precious metals.....PMs are on their downside of production, they have been since the mid '90's. Oil is on its plataue. The time between now and the backside of oil production will be the best time to invest in PMs. You can guess why.
+ $10 re silver!
Precious metals will save us through the hard times ahead.
John Thune, Mr. Bank, tried to sunset the Consumer Protection Agency....failed.
http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03987:
They do not want an audit of the Fed because then you would know the bailouts (remember the water reference, always a water reference....or sexual reference ie STIMULOUS) were for bank$ter bonu$e$; this and shorting the silver market. You know if they had lifted their shorts this week, we would not be having these problems....
Why Visa/MC were good shorts over last month?
http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03989:
http://www.google.com/finance?q=visa
Rich, nice point.
You got me; very sharp. Yes, I confused Madame DeFarge in A Tale of Two Cities with the cruel Madame Thenardiers in Les Miserables.
Whew, these readers at ZeroHedge are not only intelligent but erudite; which is all good.
It keeps everyone on their toes.
Interesting....
SEC. 939. REMOVAL OF STATUTORY REFERENCES TO CREDIT RATINGS.
(a) Federal Deposit Insurance Act.--The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended--
(1) in section 7(b)(1)(E)(i), by striking ``credit rating entities, and other private economic'' and insert ``private economic, credit,'';
(2) in section 28(d)--
(A) in the subsection heading, by striking ``Not of Investment Grade'';
(B) in paragraph (1), by striking ``not of investment grade'' and inserting ``that does not meet standards of credit-worthiness as established by the Corporation'';
(C) in paragraph (2), by striking ``not of investment grade'';
(D) by striking paragraph (3);
(E) by redesignating paragraph (4) as paragraph (3); and
(F) in paragraph (3), as so redesignated--
(i) by striking subparagraph (A);
(ii) by redesignating subparagraphs (B) and (C) as subparagraphs (A) and (B), respectively; and
(iii) in subparagraph (B), as so redesignated, by striking ``not of investment grade'' and inserting ``that does not meet standards of credit-worthiness as established by the Corporation''; and
(3) in section 28(e)--
(A) in the subsection heading, by striking ``Not of Investment Grade'';
(B) in paragraph (1), by striking ``not of investment grade'' and inserting ``that does not meet standards of credit-worthiness as established by the Corporation''; and
(C) in paragraphs (2) and (3), by striking ``not of investment grade'' each place that it appears and inserting ``that does not meet standards of credit-worthiness established by the Corporation''.
(b) Federal Housing Enterprises Financial Safety and Soundness Act of 1992.--Section 1319 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4519) is amended by striking ``that is a nationally registered statistical rating organization, as such term is defined in section 3(a) of the Securities Exchange Act of 1934,''.
(c) Investment Company Act of 1940.--Section 6(a)(5)(A)(iv)(I) Investment Company Act of 1940 (15 U.S.C. 80a-6(a)(5)(A)(iv)(I)) is amended by striking ``is rated investment grade by not less than 1 nationally registered statistical rating organization'' and inserting ``meets such standards of credit-worthiness as the Commission shall adopt''.
(d) Revised Statutes.--Section 5136A of title LXII of the Revised Statutes of the United States (12 U.S.C. 24a) is amended--
(1) in subsection (a)(2)(E), by striking ``any applicable rating'' and inserting ``standards of credit-worthiness established by the Comptroller of the Currency'';
(2) in the heading for subsection (a)(3) by striking ``Rating or Comparable Requirement'' and inserting ``Requirement'';
(3) subsection (a)(3), by amending subparagraph (A) to read as follows:
``(A) IN GENERAL.--A national bank meets the requirements of this paragraph if the bank is one of the 100 largest insured banks and has not fewer than 1 issue of outstanding debt that meets standards of credit-worthiness or other criteria as the Secretary of the Treasury and the Board of Governors of the Federal Reserve System may jointly establish.''.
(4) in the heading for subsection (f), by striking ``Maintain Public Rating or'' and inserting ``Meet Standards of Credit-Worthiness''; and
(5) in subsection (f)(1), by striking ``any applicable rating'' and inserting ``standards of credit-worthiness established by the Comptroller of the Currency''.
(e) Securities Exchange Act of 1934.--Section 3(a) Securities Exchange Act of 1934 (15 U.S.C. 78a(3)(a)) is amended--
(1) in paragraph (41), by striking ``is rated in one of the two highest rating categories by at least one nationally registered statistical rating organization'' and inserting ``meets standards of credit-worthiness as established by the Commission''; and
(2) in paragraph (53)(A), by striking ``is rated in 1 of the 4 highest rating categories by at least 1 nationally registered statistical rating organization'' and inserting ``meets standards of credit-worthiness as established by the Commission''.
(f) World Bank Discussions.--Section 3(a)(6) of the amendment in the nature of a substitute to the text of H.R. 4645, as ordered reported from the Committee on Banking, Finance and Urban Affairs on September 22, 1988, as enacted into law by section 555 of Public Law 100-461, (22 U.S.C. 286hh(a)(6)), is amended by striking ``credit rating'' and inserting ``credit-worthiness''.
(g) Effective Date.--The amendments made by this section shall take effect 1 year after the date of enactment of this Act.
(1) IN GENERAL.--Commission shall undertake a study on the feasability and desirability of--
(A) standardizing credit ratings terminology, so that all credit rating agencies issue credit ratings using identical terms;
(B) standardizing the market stress conditions under which ratings are evaluated;
(C) requiring a quantitative correspondence between credit ratings and a range of default probabilities and loss expectations under standardized conditions of economic stress; and
(D) standardizing credit rating terminology across asset classes, so that named ratings correspond to a standard range of default probabilities and expected losses independent of asset class and issuing entity.
(2) REPORT.--Not later than 1 year after the date of enactment of this Act, the Commission shall submit to Congress a report containing the findings of the study under paragraph (1) and the recommendations, if any, of the Commission with respect to the study.
"You don't have the bandwith."
heh
(at least tell us who the poster is/was)
IN AN AGE OF UNIVERSAL DECEIT ,
TELLING THE TRUTH IS A REVOLUTIONARY ACT,
GEORGE ORWELL,
YOU THE MAN ZEROHEDGE !!
Screw that morailty crap. I WANT TO CHOP HEADS.
I love the idea of taking a turd of a bankster and making sure the last thing its eyes see in this world is the bottom of a wicker basket that is about to recieve the head in which those eyes reside.
"It is a far, far better thing I do.AHAHHh!!!"
THUNK
+ 100
Swap amendment..
-An affiliate or a wholly owned entity of a commercial end user that is predominantly engaged in providing financing for the purchase of merchandise or manufactured goods of the commercial end user affiliate shall be exempt from the margin requirement described in section 4s(e) and the clearing requirement described in paragraph (1) with regard to swaps entered into to mitigate the risk of the financing activities for not less than a 3-year period beginning on the date of enactment of this clause.
``(II) AUTHORITY OF COMMISSION.--On the date on which the 3-year period described in subclause (I) ends, the Commission may extend the exemption described in that subclause for an additional 1-year period if the Commission determines the extension to be in the public interest and publishes in the Federal Register the order granting the extension (including each reason for the extension).''.
On page 653, line 22, strike ``and such counterparty'' and insert ``except if such counterparty''.
this is the kind of post that is a sure sign the bottom is in.
going all in ES tonight, and pretty sure futures will be no less than 20 handles by 8am tomorrow.
FED's new powers... OTS abolished
SAVINGS AND LOAN HOLDING COMPANY FUNCTIONS TRANSFERRED.--There are transferred to the Board of Governors all functions of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision (including the authority to issue orders) relating to--
(A) the supervision of--
(i) any savings and loan holding company; and
(ii) any subsidiary (other than a depository institution) of a savings and loan holding company; and
(B) all rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to savings and loan holding companies.
(2) ALL OTHER FUNCTIONS TRANSFERRED.--
(A) BOARD OF GOVERNORS.--All rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision under section 11 of the Home Owners' Loan Act (12 U.S.C. 1468) relating to transactions with affiliates and extensions of credit to executive officers, directors, and principal shareholders and under section 5(q) of such Act relating to tying arrangements is transferred to the Board of Governors.
(B) COMPTROLLER OF THE CURRENCY.--Except as provided in paragraph (1) and subparagraph (A), there are transferred to the Comptroller of the Currency all functions of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to Federal savings associations.
(C) CORPORATION.--Except as provided in paragraph (1) and subparagraph (A), all functions of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to State savings associations are transferred to the Corporation.
(D) COMPTROLLER OF THE CURRENCY AND THE CORPORATION.--Except as provided in paragraph (1) and subparagraph (A), all rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to savings associations is transferred to the Office of the Comptroller of the Currency.
Tyler, I find you to be so wrong 99% of the time. Every article is negative and you are a fraud. Your calls have been wrong 99% of the time!!!!!!! You seem bright but extremely wrong...did I mention 99% of the time.
first gold, second, what are you smoking?
is this sarcasm, insanity, or outright provocation?
One wonders what you are doing here?
Certainly if you have an IQ above 50 you wouldn't waste your time reading the website of fraud who is wrong 99% of the time.
Ergo either you are a drooling idiot and/or Tyler isn't a fraud who is wrong 99% of the time. I believe both of my assumptions are true.
The comedy portion of the comments is up on the first page...search for "I sometimes pee in the shower."
Hey-
Show me the one time. Unless you've read 200 posts, show me the two.
I want to review those few posts for mistakes.
thx
Tyler is like most recent doomsayers in that he makes the right call but a little too soon like all the guys calling the housing bubble in 04....
i would blame any said errors on the 'when' factor, vs the 'what' factor.
these systems are big and slow, but the direction is auditable.
Take in a discussion with Uncle Milton.
http://www.youtube.com/watch?v=JfdRpyfEmBE
"The extraordinary ability and ingenuity of the American people for finding ways to get around laws."
Only you can prevent serfdom. It's a choice. Choose wisely.
TD
You want to talk corruption now as most do. However these things can not be rushed. The time will come. When dealing with The Powers That Be, TPTB, you must have all your ducks lined up correctly. You must also have a President who is willing to learn that NONE OF THESE PEOPLE are his friends. In FACT, they are the people's enemy. He has been very slow to get that. Most here want to call him a sell-out or stupid. I do not agree. I simply believe they gave him money to get elected and he thought they were his friends. He could not have been more wrong. There were many on the progressive side WHO SCREAMED UNTIL OUR TEETH RATTLED but he still wanted to BUY THEIR B.S. Who didn't trust private money like W.B. Surely he was on the UP and UP, right. Of course he can claim he had no CLUE, plus now he has his railroad, how nice for him.
You can bet this is going to be a flight to liquidity and you can bet CHINA is going down, not to 8% from 12% growth like everyone wants to pitch but more like -6%. It is called over capacity and it's not pretty in a down, deflation Market.
Yes I said DEFLATION. You ask a very important question, however the time is not right as yet. Several very important things must happen first. The biggest one is This President must WAKE UP to the FACT he has no friends but the PEOPLE. This coming from a progressive who bought his B.S. and is very upset. I confess I voted for him, however I had no idea he would support Nuclear Power and Big Business. Do I feel like a fool. YES I DO. When I saw him pick Chu, I could see the writing on the wall. More of the same old B.S.
You asked a question and you deserve and answer. I will give you a small part of the answer. This nation is Corrupt to the very core at the HIGHEST LEVELS and has been for a very long time. They have used Gov. as a revolving door for their own profit. Nothing changes until Geithner and Summers are GONE. What a JOKE these two are. When we see all of the former, current or future, G.S. people out of office, then we move forward.
The very reason I am here is because you did see this corruption and reported about it as few have done. Good for you. I will only say the SCAM is far greater than most might begin to imagine, however it is also extremely complex. IT also goes beyond 1 sector.
The so called leaders of this nation have sold the people down the river. The only thing they have cared about is their own pockets. Will they be exposed. YES INDEED. It is only a matter of time.
You would need Andrew Jackson back as President for that to happen. Obama is a puppet reading a teleprompter and nothing more.
+100
obam and the mexican fellow both looked completely like puppets today. it was bizarre. almost scary to think they *might* actually be puppets - but who is yanking the strings... ?
i actually believe obam is willing and complicit - being promised a 60slike socialist nirvana or sum-such, so long as he keeps reading what they write.
watch the other hand.
The President was pinched before he even decided to run. He's a government witness in ongoing investigations of other individuals. Check out a real estate broker named "John Thomas". The US Attorney's office in Chicago has already used extraordinary powers to protect one of their witnesses, Obama, from getting tied up in the crimes.
The DoJ is protecting POTUS. Something really fucked up is going down.
The Merchant of...
I recall reading something about Obama. After his senate run he was broke and his marriage was on the rocks. Then the powers that be tapped him for POTUS.
I also heard the same about Clinton, that he was called to a meeting of the rich and offered the run.
Regarding Reagan, it was rumored he vowed to insvestigate something like the Trilateral Commission. That at the convention Bush was forced on him and he never mentioned the investigation again. The Reagans never allowed the Bushes into the private residence.
I have always wondered if that was the reason, his being forced to eat shit.
Anyway, the point is each willingly sold his soul for false power. They wound up dancing with those that brung them.
He's a government witness in ongoing investigations of other individuals
That's hilarious in a sense, cause it reminds me of everyone in Washington and DC 2010. How can the DOJ investigate anything?
The day after Obama is sworn in, does he or does he not have at his dispoasal powers to terminate any sitting US Attorney?
Fitzgerald is quite aware of where his investigations are leading.
If people are clear on what needs to be done, does not matter what one leader or another knows or doesn't...people make the leader not vice versa...our govt must be our servant, not we it's servant...its up to us to make that happen...
Abe Lincoln:
"Our government rests in public opinion. Whoever can change public opinion, can change the government, practically just so much. Public opinion, or on? any subject, always has a 'central idea,' from which all its minor thoughts radiate. That 'central idea' in our political public opinion, at the beginning was, and until recently has continued to be, 'the equality of men."
“...In this and like communities, public sentiment is everything. With public sentiment, nothing can fail; without it nothing can succeed. Consequently he moulds public sentiment, goes deeper than he who enacts statutes or pronounces decisions.”
great quote.
.
http://maxkeiser1.blogspot.com/
.
this is good!
.
the evil genius of the "banker" is that he knows he
lives and sells illusion to suckers via fraud and calls it
finance in markets. markets, the pot hole market,
the cancer market, the addiction markets, the destruction
markets....etc. market makers making markets bigger and
more profitable. the cheap plastic garbage markets.
the slave and starvation markets. so there
must be a question of quality or a qualitative analysis applied.
no such thing exists in a fiat money made market. degrades
integrity all around.
so the banker knows all this and publicly participates but
also claims in his personal life all the quality money can buy.
or the entire industry is composed of people who will burn
their own firm to the ground, fueled by insane leverage and
debt but personally, they are guaranteed quality assets, solvency
and liquidity in spades, hearts and diamonds. clubs too! ibgybg.
why?
the pervasive and ubiquitous and entirely ignorant assumption/
foundational lie,
that debt is a net value and asset and the basic unit of value
at the root of the money system and societal relationship. it
is a crude interpretation/symbolic artifact of an energetic exchange that nature
manifests in all its creations but reduces humanity to the level
of unconscious lifeforms. by design.
man becomes an unexpressed and perverted life form/ its slave.
a mockery of himself, a clown in all his relations.
and questions arrise, who is in debt
and to who? and who is living off who? compensation? what
criteria?
.
the activities and structures created for the "civilization" of all, the
ones that benefit the few but they don't want to pay for in debt,
with their own debt. who should pay for these things? what cognitive
map and narrative will describe this? who makes the determination?
i mean have you ever been to paris or new york or anywhere?
what child will be born
to hold these in their hand and say ... "this is mine"?
i say have a cupcake.
For your daily example of how the government-financial-media complex now controls the universe you only have to look at the front page of the Houston Chronicle. Not a mention of the utter catastrophe that is now brewing, environmentally and economically for the ordinary people who live there and all around the GoM. Yay verily did the vested interests hold sway.
BP should be ruined by this. I'm a Brit but like many a ZHer suffer the same daily disjoint between the spin and the truth.
One day soon the angry people will outnumber the people too thick to notice quite how many people are angry.
One day soon the angry people will outnumber the people too thick to notice
They already do, but they're being bribed with money the briber doesn't have...
Fraud-Esq
Most men lead lives of quiet desperation and go to the grave with the song still in them.
Henry David Thoreau
This is my first post. Earlier today I briefly saw a headline of the DJIA plummeting 3.6% today, the biggest drop in a year. I have since looked for more news about it but it is mysteriously absent in the mainstream media. Is this intentional witholding of information from the publicÉ
BUY!!! BUY!!! BUY!!!
j/k
I concede that I truely am just a worthless twit.
Hi, I've been reading this site for a while, but never registered / posted. Seeing as how society is about to reorganize itself (and the internet will probably die), I figured this would be a good time to begin.
I'm a 22 year old college kid with pretty much no assets. I've warned my parents (who are pretty well off), but they obviously think I'm an idiot. I figure that the incoming chaos can only benefit me, because I have nothing to lose. I'd really appreciate any sort of advice I can solicit from you older, wiser, richer dudes / gals.
thefatasswilly
Dude lighten up.
Run out and find a copy of Allen Watts The Wisdom of Insecurity.
Read it, smoke a joint, drink a beer, get laid.
Things change. Life is in a continous state of flux. Man's problem is we fear change, we love that security.
After you get your mellow on read Charles Stross Accelerando.
Maybe tommorrow isn't that bad.
I listened to the Dead's Scarlet Begonias today. I almost cried because my world has changed that much. Npw I'm posting too total strangers using a medium not in existence then. I have whole libraries of music/video/books on a tiny little drive.
How fucking cool is that?
Allen Watts "The Book" is pretty simple and epic as well. timeless and if you're thinking at all , you'll laugh out loud at the wisdom - even if you're by yourself.
fatasswilly, you are in a good spot for risk, but you kids will probably have one hell of a system to rebuild, starting with most of the ideas about 'how things should be' that you've been fed over the last 20 years. and it is NOT your fault - just be ready for a different, and probably less comfortable reality. picture the late 1800s - not bad, but not nearly the lifestyle you've been promised.
props to you 2 for recommending Alan Watts. make it a 3-fer.
"The menu is not the meal."
While there are others far wiser, richer and (probably) older, welcome aboard. Try reading through this:
http://www.zerohedge.com/article/do-you-read-zero-hedge-review-zero-hedges-most-popular-articles-all-time2009
Learn a skill/trade. Avoid adding any debt right now, if you can. Learn about options (here and abroad) on where an enterprising young man may venture; if unfettered (a good friend of mine did an 18-month walkabout in AUS/NZ with very little capital and gained much). Try to tell the truth, and open people's eyes, if you can. As to chaos benefiting you -- well, careful what you wish for. Chaos by definition favors noone equally.
Gully, thank you very much for the book recommendations. My eyes will definitely be very busy. As for lightening up . . . I didn't mean for my original tone to come across as negative; I tried to remain as neutral / unemotional as possible. I've done excessive amounts of smoking, drinking, and getting laid in high school; at the moment, I'm looking to conquer as much of the world as I can when everything hits bottom, and everything is dirt cheap.
It's difficult for me to think of all this new technology as "cool;" I'm young, spoiled, and have had all of this available to me for a large proportion of my life, so I tend to take it all for granted. I've realized that my perspectives and outlooks are very, very different from you geezers here on ZH . . .
At least I take advantage of it, though, unlike 95% of my "peers," who STILL believe that Obama is the messiah while they spend their days obsessing over Kobe Bryant . . . my biggest source of pessimism is looking upon fellow college students, or browsing facebook.
Thank you for the link, CD. Let me take the time to explain how I perceive the coming events as beneficial, for me. I am young, talented, ambitious, strong, intelligent, healthy, and poor. 99% of the readers here on ZH, and by extension, 99% of people who recognize present and future events for what they really are, are old, less healthy, rich, and have a lot to lose. No offense or anything :)
Can chaos rob me of my youth? Talent? My lack of money? It can rob me of my health, but I'm planning on investing in guns and self sustainable sources of food, in order to ensure that that does not happen.
As for options for young men such as myself, what are your opinions on China? I read Hugh Hendry's analysis on the Chinese real estate market, and have a tentative plan involving China, which consists of moving there as soon as I graduate, investing in as much land as I can (with some financial backing from the parents), and simply farming / surviving (and accumulating assets in any way that I can) while the chaos tears the world a new one.
When things hit rock bottom, the plan is to continue buying up land around me while diversifying my holdings with . . . whatever will be valuable. From there, conquerer China, then the world.
Thoughts / comments / opinions / people telling me I'm a moron are welcome.
I'm raising money shortly to start up a US-China employment agency.
You can easily get work there as an English teacher right now, if you just want a change and a good standard of living. The demand is nearly unlimited and you don't really need any credentials.
Is this an early job offer? :D
Just kidding, sort of. I'm heading over there this summer (after I'm done doing the last of my smoking, drinking, and getting into girls here in the U.S.). I'll definitely look into teaching English.
Great, keep us posted.
As there's no real money in funneling people into English teaching jobs, that's not what I'm looking into. More like "ship the rich to China" and see what happens.
"you don't really need any credentials"?
Then you should advertise in the Spanish language media. There are plenty of newly-arrived Mexican expatriates looking for jobs.
Jim Rogers just moved to Singapore. I work in China on occasion. All good. Hong Kong kills and Shanghai is sweet.
Here's my advice if you like travel.
Learn Mandarin. Everyday. Start tomorrow. Call schools. If your parents will spring for a tutor, do that too. SUBMERGE.
Great crash courses and lots of schools in HK and China too, if you want to travel and learn at same time.
Dude.....you can write your own ticket. In the smoothest inside move I know.
Mandarin is my first language :)
Then learn Japanese or Cantonese and be a triple threat... lucky dog!
I'm a Mandarin, second.
Ask Marc Faber for a job, he's in HK. He lived in my old neighborhood.... still has his ponytail.
Learn to drink San Miguel, Carlsberg and Cognac (but not too much), shoot snooker and throw an occasional dart.
I'm the exact same bro, my cool ass teacher hooked me up with the site. I didn't post at all at first either, I rarely do now just cuz I don't wanna sound dumb or anything. I'm pretty god damn smart too and people think I'm nuts when I try to explain the fundemental problems with the current economic system but whatever.
The way I've treated it has actually been a really good thing. Treat life like you should, theres more important shit than playing videogames or watching TV all day, I sold mine and never turn that damn thing on anymore. Yea you can try to prepare stuff but I say don't make that your focus. Life is still pretty good and it might not be later so try to enjoy yourself while you can. Just do whatever the fuck you wanna do. Fuck bitches, do some drugs, spend time with family/friends, whatever makes you happiest just don't waste your time waiting to die anymore.
There is the slight possibility that they do manipulate their way out of it and life goes on as usual, TPTB have alot to lose and need to keep the system intact and it could happen without a major revolution/depression or at least the can is kicked farther down the road than you think it can be. I personally wouldn't hold my breath on that but you should consider all possibilities. Your young don't waste the best years of your life.
Thats just my opinion though and I could be way off the mark.
always great to great to hear there are fellow younglings on ZH. enjoyed the above posts. keep up the good work guys :)
TRUE BALANCE or DEATH. Those are the choices from this point forward until.....
Each and every ISP in the US is connected to the GOV. Fusion centers can push down servers, ISPs and just about any public network.
Research what Russia did to Georgia before mechanicals rolled in.
When modems go dark there's no communication.
ZH short wave +infinity
hmmm....
http://www.youtube.com/watch?v=Sal-bp_ciC4
http://www.youtube.com/watch?v=Sal-bp_ciC4
My fav band
http://www.youtube.com/watch?v=Sal-bp_ciC4
http://www.youtube.com/watch?v=BtExSE2oOZs
Well, won't you lend your lungs to me?
Mine are collapsing
Plant my feet and bitterly breathe
Up the time that's passing.
Breath I'll take and breath I'll give
Pray the day ain't poison
Stand among the ones that live
In lonely indecision.
Fingers walk the darkness down
Mind is on the midnight
Gather up the gold you've found
You fool, it's only moonlight.
If you try to take it home
Your hands will turn to butter
You better leave this dream alone
Try to find another.
Salvation sat and crossed herself
Called the devil partner
Wisdom burned upon a shelf
Who'll kill the raging cancer
Seal the river at its mouth
Take the water prisoner
Fill the sky with screams and cries
Bathe in fiery answers
Jesus was an only son
And love his only concept
Strangers cry in foreign tongues
And dirty up the doorstep
And I for one, and you for two
Ai'nt got the time for outside
Just keep your injured looks to you
We'll tell the world we tried
True balance or death. Easy breezy.
One more
http://www.youtube.com/watch?v=ja07pp4D8ec
Steve Earle, Amerika v. 6.0 (The Best We Can Do)Look at ya
Yeah, take a look in the mirror now tell me what you see
Another satisfied customer in the front of the line for the American dream
I remember when we was both out on the boulevard
Talkin' revolution and singin' the blues
Nowadays it's letters to the editor and cheatin' on our taxes
Is the best that we can do
Come on
Look around
There's doctors down on Wall Street
Sharpenin' their scalpels and tryin' to cut a deal
Meanwhile, back at the hospital
We got accountants playin' God and countin' out the pills
Yeah, I know, that sucks – that your HMO
Ain't doin' what you thought it would do
But everybody's gotta die sometime and we can't save everybody
It's the best that we can do
Four score and a hundred and fifty years ago
Our forefathers made us equal as long as we can pay
Yeah, well maybe that wasn't exactly what they was thinkin'
Version six-point-oh of the American way
But hey we can just build a great wall around the country club
To keep the riff-raff out until the slump is through
Yeah, I realize that ain't exactly democratic, but it's either them or us and
And it's the best we can do
Yeah, passionely conservative
It's the best we can do
Conservatively passionate
It's the best we can do
Meanwhile, still thinkin'
Hey, let's wage a war on drugs
It's the best we can do
Well, I don't know about you, but I kinda dig this global warming thing...
This sums up the whole mess.
Really what more can be said?
Bunk and Jimmy working a crime scene.
http://www.youtube.com/watch?v=o6cN8HujPW8
Oh and French subs, just in case you need to learn a new language. Kind of limited vocabulary though.
"..and that's why investors are so lost."
Common! If your investment comes from CNBC I pray you lose your moneys!
What a difference 10 years make... before, Dow breaks 10k and everyone rejoices...now, it dips to 10k and everyone freaks and braces for the end of the world...
For several days I warned of EURUSD buying support as detected by my indicators - and this has been confirmed by the recent Euro break out.
The proprietary indicators I use can identify trend changes before they occur.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
I junked you because you keep posting that. What do you want?
Thank you! Junk someone? Reply. It's the right thing to do.
"..and that's why investors are so lost."
Common! If your investment comes from CNBC I pray you lose your moneys!
Did it a while back:
http://selenianboondocks.com/2008/09/so-where-does-space-stand-in-all-of...
Scared the crap out of me when I posted it, but it's all old news now.
If Hitler had this government working for him, he would have conquered the world.
He would not have need the SS or Gestapo to control any dissent. All the government employees would have followed orders without question.
That is our future. Eventually Hitler or Stalin will get elected.
Ugh x 1000.
Hold phyiscal gold!
Sen. Specter had an amendment to overturn the Stoneridge case, making secondary actors liable for aiding and abetting securities fraud. This terrible 5-4 SCOTUS case immunized the Enron banks, basically, for aiding and abetting fraud (with intent). This has everything to do with accounting, lawyers, bankers, off balance sheet, SPV’s…the whole farm of fraud.
Yet, it gets zero press or publicity.
The 5-4 would also immunize the rating agencies if deliberate fraud or scheme were found. (it still could be). Imagine not being able to sue because they’re immunized. The dissent in the SCOTUS case was long and angry for tampering with tort liability for the first time in U.S. history.
This case laid the groundwork for FRAUD.
You may not like Specter, but this was a fantastic amendment supported by all the pension funds, investors groups, etc. It was strongly opposed by banks and insurance companies. All week we’ve been watching. It didn’t happen after he lost his primary, it lost some juice.
We need to pass this.
Call your Senator.
SA 3994
one of the reasons he lost perhaps?
sounds like Obama (sic) One Bad Ass Mistake America (OBAMA). This turd has to go.
you think this problem is new and unique to Obama? our govt has been caputred by banksters for sometime, you gotta come up with a better solution than dumping current president, we keep doing that and keep getting a new boss that is no different than the old boss...the bankster lover it when we think the solutions is a going to one party or another...they own both.
+10
I can't stress the importance of the above amendment enuf.
People are always shocked to learn that entities (BANKS) can be IMMUNE from "scheme liability" (FRAUD).
Accounting firms, rating agencies, and BANKS had their eye on THIS all week. It's called the "get-away driver" theory too, meaning the getaway driver is immune from civil liability because he wasn't in the bank robbing it. This is real. The Enron banks got away with it because of this case. SCOTUS took a similar fact case without the Enron name. Can you guess why? Enron victims quietly lost 9B. No headlines.
So, now, if the rating agencies were found to be involved in "scheme fraud" (not negligence, DELIBERATE FRAUD) with banks, helping them steal from victims, the victims may not able to sue, because of Stoneridge, no matter how ugly the facts. It's a shocking case.
It may not shock this forum, but it will inform.
Oh, and the richest part of this case....
Bush's SEC (GOP) voted to take the side of the plaintiff victim. okay, good but obvious. Then, it was changed at last minute by direction up high. The SEC was "forced" to side with the defendant, fraudsters. More richness? The frauds actually argued that because the "SEC keeps the markets safe from fraud" and are the "cops on the beat", they provided enough deterrent against fraud. No need to pay back the people you robbed, going to jail is enough deterrent. They won. Nothing paid. Walked away.
Then the SEC budget was cut.
When this case was decided, I thought, NOW they're emboldened.
Stoneridge is a pillar of modern banking fraud.
Rather curious.
I doubt that calling Senators can fix this issue.
If the chaos doesn't force change, our options may be
a( Breed - a lot
b( Expatriate & assist in mass expatriation efforts
c( Go cashless as much as possible (pseudo-agrarian, settle in under-populated areas)
Just make a fuckin phone call in between breeding rather curious William Buckley's.
Goddmanit, no more Buckley's.
I'm choking through his kid's crappy novel, just started it the other day, hoping for good ideas... total rubbish.
public pressure has strengthened this bill overtime, it was even weaker earlier...keep at it, if we do nothing, we give banksters free run
Read "Reinventing Collapse" by Dmitry Orlov last year.
Think I'll read it again this weekend.
This is a good and honest post, presenting straight forwardly the worries today.
The markets are sometimes timid and late to discount reality. They see protests in Greece and say, well, that happens, much like trucker strikes in France, a routine matter. They see a grass root uprising in the States (actually started by Rick Santelli's rant on AM) and say, well, there's always some protest in the US. They see financial crisis, deficits, overbearing debts and say, well, we've experienced that before. And so they mock 'this time is different', saying, well, we've seen this all before.
But have we? Have we've seen deficits of this magnitude at the same time among the devloped world? Have we've seen debts of this magnitude at the same time? Have we've seen the coordination of the same remedy applied? Have we've seen such a massive and very blatant misrepresentation of facts that it's shameful to knowing eye? That it's a lie?
I'm no conspiracy buff. Frankly I believe every acts on their best intentions, even our betters. That action might be wrong. And so here's the problem: all developed nations are using the same wrong remedy to the same problem. In doing so, the mainstream media, whether acknowledging the flaw or abetting the sham, promotes the story line; the media becomes propaganda (I actually can't believe I'm using the term propaganda to describe the popular media outlets). Promoting an incorrect remedy doesn't make it correct. It's still wrong, and we're seeing the fruits (or lack thereof) of all these idiotic policies. It's only a matter of time before this whole structure falls down.
Having said that, I believe that the creative mind, ideas, cannot be contained, and that at some point those ideas, entreprenuialism, will somehow find an answer. I say 'somehow' because that merely human nature, and it takes faith in the mind that ideas will eventually prevail over stupidity.
But life and time is limited. It might happen in my generation, and that this generation is subject to the ongoing arrogance and stupidity of one economic theory applied to solve all problems.
I wish John Maynard Keynes was never born. His worked woefully sucked and is embraced and used by all governments as an excuse to retain power.
The US is only economy that came close to entrusting the individual and mind to solve problems. Over time, and with the Romantic era and Marxism, so embraced by FDR, it has inevtibably been instilled in American policy making.
Ooh-rah.
I hear ya. I rarely believe in "the conspiracy". I don't think people are smart or stable enough for the best ones. But, I always believe the same outcomes with the "concert of interests". So, when someone might say, "ooh, a conspiracy!" , I say no....a concert of interest, which forces them to SHUT OFF that part of their brain and actually listen and think. You'd be surprised what a little verbal manipulation can do for good. Of course there's a million little conspiracies. Who really thinks there wasn't some knowing-collusion between originators and wall street banks in 2006-07? You'd have to be crazy to think THAT conversation by an inquiring mind or someone looking for a sure thing, or corner cut didn't occur. It's all out there and it's just a matter of time.
Problem is so many potential whistleblowers are very well paid. If you want to speculate, see who got big pay increases or promotions in 2009.
Everyone believes that what they're doing is right.
Even pedophiles have moral justifications for what they do.
Trilateral commissions, Bilderberger Groups, etc. are... not even joking... more like PTA meetings than top-secret councils where they decide how to modulate the mind-control waves in concert with their Martian overlords.
And, I mean, the fact that they're able to be duped - seriously, they really believe in it - by something like anthropogenic global warming demonstrates that they're not exactly the brightest bunch of evil overlords the world has ever produced.
Genghis Khan had more evil genius in his fungus-encrusted pinkie toe than the entire Davos crowd possesses. They're just guessing, at this point.
Look at something like LTCM - investment banking executives no longer have a good grasp on how the business works. And they're advised by Keynsians, for the most part...
The old guard of Wall Street (mostly dead or retired) left Keynes to the academics.
You learn Keynes to understand how the politicos might play their cards. But to try to figure out how markets owork? You'd be fucking crazy to do that. No academic economist has been worth a shit for business purposes. They're wrong on everything.
Aposate-
I hear ya. I've been close enough to all varieties of people to know the most successful financially are just a click away from being an average guy. If you're sitting on the Trilateral Commish, you love the conspiracy theories. It's a drug. LTCM....yep...a collection of people who proved they could drive a boat faster than anyone on a placid lake. Great. A wave? No. We don't do waves. That's a metaphor.
Scale also hides dumb people and bad ideas within organizations. I don't like scale. I think it's dangerous. The people who rise to the top, in scale, are often the most corrupt. It applies everywhere. Our deep water (big ship) navy, for example, is dangerously susceptible by size. No one's is challenging it. Scale and profit have become bigger than the goal. We should be learning, by almost every example this decade. Scale is bad, porous, ineffective, and stifling. Then, they told us, after it needed 20 trillion to prop itself, that, no, we actually needed it to "compete overseas". Terrific scam that is, most people nod, "oh, overseas....yeah". Like you said, they're wrong on everything......it's uncanny.
We should immediately implement the Emergency Costanza National Policy: do everything opposite of what we think.
Tyler, you're so right!
Since I started reading your masterpieces, I cut down watching any financial television like 99% now. It's always to late, and they almost always got it wrong.
Your articles are the bomb!! KEEP UP THE GOOD WORK! YOU'RE THE BEST, AND I'M YOUR BIGGEST FAN!
Just a few semi-random thoughts/comments, some of which are likely to be unpopular round these parts:
- I don't believe fractional reserve banking is fundamentally flawed if practiced properly (safely). Fractional reserve banking enables a flexible monetary system that creates greater potential for trust/transaction synergies which ultimately leads to higher growth rates and better living standards.
- I also do not believe Keynesian theory to be fundamentally flawed. Disjointed fiscal policy and electoral pressures warp the desired outcomes, however, and reflect our societal shortcomings with respect to discipline. Again, one can operate under safer policy premises, but the trade-off would be slower growth.
- If the worst thing that can happen to some who pulled in a $5MM bonus is having to pay a $4MM fine, all of the regulation in the world will do you no good (unless the regulators are better paid than the regulated). If gross (or willful) financial negligence were a crime punishable by jailtime, I think banksters would be more apt to regulate their behavior. The 5-4 SCOTUS decision noted above in the comment stream was something I had not been aware of, and is very troubling, imo.
- As much as I love reading this site for its financial and economic analysis, there is a real tin foil hat element to the commentary that is disconcerting. Though it would be convenient to assign deliberate intent to the powers that be, I believe the world operates much more like a giant ouija board than a conducted orchestra.
- I consider it a privilege to have been a long time lurker on this site. An earlier commenter reflected on the diversity of the group, and I believe that the binding element is that the people here make up the small percent of the population whose minds reject the matrix programming. That said, we should not underestimate the inertia of the general population nor should we forget that economics is subordinated to power. I for one do not see revolution in the cards, simply a prolonged period of queasy malaise, and eventual rejiggering of the world order. Of course I could be wrong and the ones here building shelters, learning to grow their own food, and hoarding ammo may be spot on, but I just don't see it.
- I have been thinking a lot about the intersection of economics and physics and would love to see someone much smarter than myself take a stab at redefining economic theory in the context of complex systems. Currency is simply a claim on (future) energy, and the ability to exchange energy, as well the amount of energy in the system, define the both the number of potential configurations (trust) and velocity (transactions). I have also been thinking about HFT as a kind of quantum foam of the market universe (short term, self sterilizing transactions), and the concepts of inflation and symmetry breaking as applied to both physics and economics.
- Most successful people I know attribute far too large of a portion of their success to their abilities and far too little to luck. I believe the key is to learn how to continually put yourself in a position to be lucky (and then fight tooth and nail when opportunities come along)
- Stability is inherently unstable, and the market will eventually make fools of us all.
comments welcome.
RR
"Just because you are a character, doesn't mean you have character."
RR, thanks for emerging from the shadows to speak your peace.
"I believe the world operates much more like a giant ouija board than a conducted orchestra." that's an outstanding metaphor. now that you mention it that way, that's the way i see it as well.
"learning to grow their own food" please consider that some of us learn to grow our own food because (a) veggies lose about 50% of their nutrients within 24 hrs of being picked, (b) we'd rather spend the time to grow rather than spend the time to work to earn silly pieces of green paper so that we can buy veggies that are 50% the quality at twice the price (plus the taxman taking his cut) and (c) plants are therapeutic teachers with a signal-to-noise ratio that's off the charts. if you ever wanna try it, i'd be happy to help you get started with something simple. no apocalypse needed.
"there is a real tin foil hat element to the commentary that is disconcerting. " as someone who admittedly loves tinfoil, one must understand that there are certain personality types that are attracted to the hard metals : tin, gold, silver, iron, lead : literally & metaphorically. we as humans needed some sort of stability, and when one notices that the strings holding society together are thin flammable filaments, one gravitates towards something solid, tangible, immutable. of course, it's all illusion as everything on the quantum level is just vibrations anyhow and we are just barely holding ourselves together. i hope you will try to understand the terror that that might induce in someone when they get a glimpse of what lies under the surface.
with that said, point taken. i think it's critical for all of us (no matter where on the spectrum we are) to recognize and acknowledge our individual 'karmic' biases and realize how we are being pushed & pulled by the universal forces. there must be some reason for the neocortex other than shooting the electronic shit and finding new exciting ways to destroy ourselves and each other, no?
"Stability is inherently unstable, and the market will eventually make fools of us all." about a year ago, when the shit was hitting said fan (or so some of us thought) i came across a wheatpaste in my neighborhood:
http://dirtythirdstreets.com/2009/04/26/the-end-is-not-near/
unfortunately, i dismissed the crone's words to my own detriment. she still haunts my memories to this day over a year later. i would be a fool to dismiss her so flippantly again. for even if we are at the tail end of something, it is only the beginning of something else.
welcome you to please continue sharing your thoughts RR. a contrarian POV that is willing to treat us doom, gloom & boomers with courtesy & respect & intelligence is desperately needed here IMHO. cheers.
RR - great post! i would argue that virtually nothing you wrote is apt to bother most folks here. if you had posted it at the beginning of a topic, and early in the evening for most, it would have inspired some great discourse.
most of the 'tin-foilers' (if defined, i'd probably qualify) are more interested in insuring their butts, rather than absolute about their predictions - so it's more of a question of level-of-concern over outright disagreement. i think most of us hope we're wrong - but our math keeps pointing to huge uncertainties.
"quantum foam" - that's great!
in agreement also: "luck is when opportunity meets with preparation."
++
There is no mystery to projecting the pattern of failure engendered by any purported economy subject to interest. As interest multiplies debt in proportion to a circulation, ever more of every existing dollar is dedicated to servicing multiplying debt, and ever less of every existing dollar can be dedicated to sustaining the commerce which is obligated to service the multiplying debt. Everything around you can be understood from the obvious consequences.
Every major religion warns about the danger of usury, but the secular case against it is even more powerful. It is the most powerful centralizing centripetal force ever invented, and it steadily increases velocity to the point where life becomes nothing but a sprint in a hamster wheel to keep the debt system running.
There is only one viable solution:
As this is the very set of principles — and the only set of principles which ensure the immutable value of money across its lifespan — a perpetual 1:1:1 relationship between remaining value, remaining *obligation*, and currency in circulation —.
http://endtheecb.ning.com/video/mathematically-perfected
I think it will take quite a bit more to cause the sort of revolution discussed in the article. Problem is western consumerism has become such a powerful tranquiliser that most ordinary folks may moan and bitch about the inequity of it all, but ultimately they will believe the government bull about growing our way out of these debt mountains, and go back to their x-boxs or i-phones.
Folks should be lynching their politicians but they wont because we have created a deadbeat consumer society which rather keep drinking the kool-aid.
PS: New member here, great information, thanks to ZeroHedge for processing my membership.
Waiting for the end, boys, waiting for the end.
What is there to be or do?
What's become of me or you?
Are we kind or are we true?
Sitting two and two, boys, waiting for the end.
Shall I build a tower, boys, knowing it will rend
Crack upon the hour, boys, waiting for the end?
Shall I pluck a flower, boys, shall I save or spend?
All turns sour, boys, waiting for the end.
Shall I send a wire, boys? Where is there to send?
All are under fire, boys, waiting for the end.
Shall I turn a sire, boys? Shall I choose a friend?
The fat is in the pyre, boys, waiting for the end.
Shall I make it clear, boys, for all to apprehend,
Those that will not hear, boys, waiting for the end,
Knowing it is near, boys, trying to pretend,
Sitting in cold fear, boys, waiting for the end?
Shall we send a cable, boys, accurately penned,
Knowing we are able, boys, waiting for the end,
Via the Tower of Babel, boys? Christ will not ascend.
He's hiding in his stable, boys, waiting for the end.
Shall we blow a bubble, boys, glittering to distend,
Hiding from our trouble, boys, waiting for the end?
When you build on rubble, boys, Nature will append
Double and re-double, boys, waiting for the end.
Shall we make a tale, boys, that things are sure to mend,
Playing bluff and hale, boys, waiting for the end?
It will be born stale, boys, stinking to offend,
Dying ere it fail, boys, waiting for the end.
Shall we go all wild, boys, waste and make them lend,
Playing at the child, boys, waiting for the end?
It has all been filed, boys, history has a trend,
Each of us enisled, boys, waiting for the end.
What was said by Marx, boys, what did he perpend?
No good being sparks, boys, waiting for the end.
Treason of the clerks, boys, curtains that descend,
Lights becoming darks, boys, waiting for the end.
Waiting for the end, boys, waiting for the end.
Not a chance of blend, boys, things have got to tend.
Think of those who vend, boys, think of how we wend,
Waiting for the end, boys, waiting for the end.
-- William Empson
Obama’s new guidelines will criminalize and add to the system hundreds of thousands of people and add thousands of people to the prison industry slave labor complex. In 2007 an American was arrested on marijuana charges every 36 seconds. Obama will increase this criminalization rate significantly.
DUI checkpoints are on the rise around the country. In California, for instance, the state increased grants in 2009 by 47% for DUI checkpoints, including “roving” DUI patrols. 2010 was predicted to be “the year of the Checkpoint” in California. In California and elsewhere, these unconstitutional checkpoints are a highly profitable business for the state, netting billions of dollars every year.
Behavioral impairment is not the issue. Expanding the criminal class is the issue. Government will never rest until it categorizes most of us as criminals.
Video: Hypocrite Obama inhaled “frequently.”
prizon planet .. they have come to take us away
dont smoke pot and drive two days later ..
Great stuff, dumpster.
Take it over to the Huffington Post and lay it on 'em.
The only things that ruling elite can do to prevent some sort of revolution in the next 20 years in the U.S. is more and escalating wars (eventually with China) and greater curtailment of civil liberties, together with a move to completely consolidate power in the presidency.
SAMIZDAT for illustrated children's books. I will hoard my beautiful collection of Beatrix Potter and Where the Wild Things Are, and Goodnight Moon, and Wyeth's The Pilgrims. And, in honor of Ben Franklin, I will have a samizdat lending library. Screw big government. Go Rand Paul
Anyone noticed how they ramp up the volitility to the downside every time there's a vote.
May 6th for the HR 1207 and greek bailout vote in the german parliament
Yesterday for the Financial Reform Act and the German vote for the EuroTarp.
Each dip before the big one will be political.
what a coinkydink
made the mistake of tuning into CNBC - firsttime in a few weeks. It just occurred to me - wow- these guys are not Americans. realy - OK - they are mostly white, male and have that twangy, nasal accented english. Buts thats about it. Their thought processes, worldview - reminds me much more of the Soviets I met in the 1970s.
Basically the Soviet attitude was: Super cynical, basically you knew everything was rigged. But - if you were clever enough to wangle a great position for yourself - by hook or crook - you felt pretty good about yourself. Thats basically the attitude of most of the financial world these days. they are not Americans! They are Soviets! Wow - Its all becoming clear to me now. White guys who speak with that "Valley Girl" accent are not necessarily Americans!!!
I also turned the TV off a few years ago. With my free time I started reading. Rediscovered fiction. It's difficult to explain just how amazing well written fiction is. Cormac McCarthy led to Steinbeck. Steinbeck led to people like Octavio Paz and even (dare I say it) Homer. As an aside, skip Atlas Shrugged (I've read it) and read The Winter of Our Discontent. It's shorter and not nearly so self-righteous, but will take you to the same place. Read it from the perspective of the grocer Marullo, the only honet and ethical character in the book.
Read Paz's Itinerary. Pay attention to how he mixes morality, politics and religion. Make no mistake, they are interconnected. Argue with him but for God's sake read him. He was extremely perceptive and relevant.
Yes, turn off the TV and while you're at it, turn off just about everything that passes for entertainment in the west. CNBC? Merely a symptom of the age we live in, and age that is coming to an end. As you read the classics and the masters you come away with an inescapable conclusion. What we are living is not new. It has always been this way. A few great minds recognized it all along. That we do not know of them is not their problem, but ours.
Thanks for that - I would be really interested in a list of really good fiction/literature. I have just educated myself on classical music over the past 3 years and now enjoy a huge collection - and it has literally changed my life! Next up - literature.
Its great educating oneself on the finer things - ( ie. Non Vocational) skills.
OK - further observations on the Soviet Personality - since we are now being run by Soviets:
1. They are great guys, love to have a couple of beers ( vodka), love kids, and puppies.
2. They are Super Cynical - in the sense - they know everthing is beyond fucked up. They dont have any solutions. They are only interested in how best to thrive within the system.
3. They can be very philosophical. Like poetry etc. But when push comes to shove they will DO ANYTHING to protect their turf, way-of-life.
4. Their self image is - hardworking, selfless, beautiful human being. The environment is fucked up - so well - they do what they have to do. But dont forget they are big hearted , great, "all american"( ie. "Supreme Soviet") guys. OK sometimes they have to sell their grandmothers for that weekend vodka - but such is life - no reflection on the all-american good guys - no - none at all.
maybe you are right...maybe not...but you should compare Soviet to US guys...then will this will have sense
I had to stop watching those clowns on CNBC when all they talked about was"beating estimates" rather than comparing this quarter or year to the appropriate quarter or year past.
Beating estimates is mental.
Beating last year's results is fundamental.
Yeah - but in a real meltdown ( think March 2009) - beating this or that number is all meaningless. You really have to ask yourself why you want to own a piece of merchandise ( a stock or bond) - what do you you expect it will do to enhance your life ( ie. Dividends, coupons) - and how long lasting will its charms be. That is fundamental
Outstanding point.
If we are really in the world of hurt that is the topic of this thread (and most of ZH in general) then just matching last years/quarters results is going to be a victory.
Whistleblowers...Read This..Then contact him...he can help you.
http://www.theinvestigativefund.org/reporters/michaelhudson/
yeah..TV is poisioning our minds...I feel pitty for so called journalists...they pick up something...and beat that till death...and they pick up other story
jos like example...do you remember swine flu madness? it was "news" for few weeks...and now...like it never happened..nothing...same is with Greece story...they were beating that for few months...then startet to beat contagion story....then they will turn on China I guess...or someone else
why are they doing that? because they must...because that is how they make money...keeping readers interestet by giving them only one big "news"
this seems appropriate (if not too preachy):
You open the door and step inside
We are now inside our hearts
Now imagine your pain as a white ball of light
Thats right your pain
The pain itself is a white ball of light
I don't think so
This is your life, good to the last drop
It doesn't get any better than this
This is your life and its ending one minute at a time
This isn't a seminar or a weekend retreat
Where you are now you can even imagine what the bottom will look like
Only after disaster can we be resurrected
Its only after you have lost everything that you are free to do anything
Nothing is static
Everything is evolving
Everything is falling
Everything is falling apart
This is your life
It doesn't get any better than this
This is your life
And its ending one minute at a time
You are not a beautiful and unique snowflake
You are the same decaying organic matter as everything else
We are all part of the same compost heap
We are the all singing all dancing crap of the world
You are not your bank account
You are not the clothes you wear
You are not the contents of your wallet
You are not your bowel cancer
You are not your grande latte
You are not the car you drive
You are not your f***king khakis
You have to give up
You have to realize that one day you will die
Until you know that you are useless
I say never let me be complete
I say may I never be content
I say deliver me from Swedish Furniture
I say deliver me from clever art
I say deliver me from clear skin and perfect teeth
I say you have to give up
I say evolve
And let the chips fall where they may
This is your life
It doesn't get any better than this
This is your life
And its ending one minute at a time.
TD thanks for your articles and you brought another lurker out of the shadows(funny my account gets approved the day an article gets posted I feel I can reply to). Also thanks to all of the other posters out there, your wit and knowledge make me smile everyday!
Luckly I was raised not to trust the GOV/Banksters. I do not trade, but do buy PM's. The reason I come here is the knowledge and to keep track of the over all big picture. I laughed earlier this week when someone said "they screwed up and let the farmers have the internet" you do not know how much you nailed the truth with that. There are large groups of people who have gone back working farms with nothing but animals and stocking up for what is coming, like we are.
My advice is keep track of all moves made on the global chessboard. A desperate power base makes desperate moves, speaking from my past military experience I've seen up close and it is not pretty.
There is no need to post what is on other sites, but if anyone needs a point to the right direction for self sustainment I would be glad to help.
welcome.
clearly you can think *and* write.
don't be shy.
Yes but since this is a come clean post also I have to admit I had help!
http://personal.tcu.edu/sehill/monkey-typing.jpg
This post has to be a record breaker, over 500 comments. ZH should post more along these same lines. Great post and great comments.
A measly 15% correction brings out talk of bullets and canned peaches? Hey idiots, did the great depression bring down civilization? Just don't shut off cable TV or make beer too expensive. Then americans will surely go berserk.
by mkkby
Hey idiots, did the great depression bring down civilization?
It did for the millions that died in the war that was started to stop the depression so the powers that be could line their pockets.
way to remember rule #8 smokey
Rand Paul!
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