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I think this has been the plan for some time now; to burn the Fed out and then re-establish the "system" in an international sense. This is why Ron Paul still has a job in the Congress. If he was saying the stuff he does about the Fed 10 or 20 years ago his career would have been killed a long time ago.
These internationalists are making a big move soon that will create terrible times for so many people. They don't care. It's about establishing their unions and powerPowerPOWER.
I have never wanted to pay homage to Queen Elizabeth. To me those people represent the worse kind of welfare in the world. Image the audacity of her son, charles, telling the commoners in Britain to get rid of their cars and walk more...to save the "quaintness" of England. That is what the welfare recipient did, while his own garage is filled with 6 expensive cars.
Several sites on the internet (NOT zero hedge) are playing this whole scenario up....It's all about how terrible Americans are and the country needs to be dissolved etc. Nothing is ever mentioned about the European "families" that are quietly in the shadows.
The people behind this mess don't even seem concerned. It's all on their blueprints for "change".
If you think I'm crazy...I'll take this a bit further; go look up the population trust. In their site, which is run by names you will know, they have excel spreadsheets of the world populations and how much needs to be trimmed to get in alignment with the proper "footprints".
I've read everything I can about the economy from every perspective, for the last 10 years. It is some of the "whacko" conspiracy theorists views that are coming true. Some of them were predicting the crash of '08 back in 2002. Some of them even had the year down correctly when the initial crash would happen...
The information is there and has been all along for anyone to have followed. You don't need to be an economist or statistician to see it.
I hate these articles by jokers trying to sell something. They are part of the problem.
I got nothing to sell here.
Aimlow Joe was here.http://www.aimlow.com
Can we please remove posting privileges from PCR, Ackerman, Reggie Middleton (if only to reduce our chart porn here at ZH) and lastly and most importantly, Charles Hugh Smith?
I would be willing to send money for a subscriber option at ZH that lets me auto-delete their posts on my RSS feed.
EU and US Central Bankers, we're cumming for you (and I don't mean that in a sexual sense)
The entire purpose of creating the EU and its Bank was and is to take away the power of countries to create their own currencies. It was modeled after the FED and its goal to usurp the "powers" that belong to the States' Treasury, and wouldn't you know, the same miscreants are involved.
I hope people are being creative regarding what punishments should be meted out when we find and capture them from the far corners of the world, and videoed in HDD. And remember, There are no wrong answers.
The real collapse really is coming in the future, 2008 was just a teaser. Thanks for the free tips Graham, you know your stuff!
i also like this site, it's very similar: www.forecastfortomorrow.com
Stop putting this f*ing advertisement on your posts and GTFO of here.
"Polar expedition delayed.....due to extreme cold!"
"Polar expedition delayed.....due to extreme cold!"
Should read :- Polar expedition delayed.....due to extreme cold caused by GLOBAL WARMING!!
uhh...the thirty percent is already wiped out. What is not wiped out is the faith that it is still there. Everyone took a massive haircut, except precious metals hoarders, and most of them didn't hoard enough to matter if they lose their jobs.
There are too many claims on assets and future obligations right now. moderate inflation is one way to get rid of those claims in Keynes sneaky way that not one man in a million can diagnose.
The other way to get rid of those claims is limiting healthcare and redistribution to the parasite class. They have the least rightful claims to any national assets. Our future is pay as you go! Of course most poor people don't even realize now they are getting shitty health care, and when medicaid and medicare are block granted it will get even shittier. We need more smokers and fewer helmet laws. At least if we cull the stupid, the non producers, and the unfit our country has a chance to be great again and allocate capital to productive uses which will make us all better off in aggregate.
Agreed. The advancements in Human Evolution occurred because the dumb ones got eaten.
Except the dumb ones now run Congress.
So send in those hippy eating grizzlies. And a few white tigers for the pole smokers, like sig (or was it roid) discovered.end of problem.
Dismantled in the next five years ?
This nation's fiscal business is being marshaled by a caterwauling House Speaker who cannot even make good on campaign promises from five months ago, let alone wrangle $14 trillion in Government liabilities. Indeed, Paul Ryan would likely chime in with some nonsense decrying the abolition of the Fed, because it would actually cost more money: "What would we do with all those 'Federal Reserve Notes ?' We'd have to replace all of them. I'd rather keep talking about how much we are talking about cutting, rather than talking about how much more to spend !"
Abolition of the Fed ? Not a snowball's chance in Reactor 2.
In the case for Europe: Nobody here gives a fuck what it means to be a European because nobody knows any advantage besides that you can use 1 currency while traveling.
Every countries packs enough history "why not to like thy neighbour".
My country for examply:
Belgium. => borders : Netherlands, France, Germany, England.
We hate the Dutch.
We ignore the French
We think English are the decadent paria of Europe.
And Germany, they are kind of oké but only from a distance.
And same goes visa versa. They all think the same about us and their neighbours.
SO: WHY WOULD WE PAY THEIR DEBT?! Let alone Greek, Spanish, Portugese...
We only go there on vacation, they overcharge us on everything, and "working" is a foreign word to them.
It looked good on paper, as long as it didn't cost anything and didn't bother anybody.
Now suddenly it starts to cost money => I don't want that! THERE'S JUST NO ADVANTAGE IN DOING SO!
+ I'm a nationalist. WHY would I want to see my country dissolve into Europe?
I don't know why you're bitching... at least you can go vacation at these places you're paying for. When's the last time you heard of anyone wanting to vacation in East St. Louis or Compton?
Wish there were more Europeans like you, Sudden Debt. It's blindingly obvious from here that the Eurozone experiment has failed. France, Germany, Great Britain, Belgium, etc are extraordinary nations on their own; together, they're nothing but an uncoordinated bureaucracy trying desperately to carry Greece, Icelandm Portugal, etc, and failing.
The old Europe was great when it wasn't fighting itself; I hope it comes back someday.
you are Marie Antoinette's daughter : let em eat cake, provided its locally made!
You don't even know the greatest contribution your country made to the world : the horizontal economy. Democracy and 'regulated', Keynesian (in the true FDR sense, not current junky FED sense) free markets, without dominant positions, PLUS Eleanor's contribution : universal human rights, the MINIMAL level of individual liberties/dignities that every nation state should agree on.
That framework, Gl-ST + BW, was the best we, the collective west and free world, ever had. Admittedly income taxes were high to pay the govt. WW2 debt. So that had to come down. But what killed that model : hubris in Vietnam, then the financial bubble economy starting with BW abandonment and then supply side "you're the boss WS" Reaganomics, no holds barred deregulation; after Volcker did the right Keynesian thing to kill inflation by starving the 'price/wages' beastly inflationary spiral.
The Old, but 'new good' Europe grew up on this Keynesian soup, and it worked until USA kick started the libertarian mess after the oil hike. Now having built this new sterile economic BS paradigm, that will kill it's home bred capitalism for two decades, it's hit the global fan this libertarian soup sold to the world by the tricky 1% of US Plutocracy, those who've betrayed democracy down to their very shoe strings. So eat your own dirty soup, Marie Antoinette's daughter, that would sell 'racial tribalism' to the Europeans, xenophobia and nationalism that'll suck us back to Armageddon. And leave EU to find a new economic paradigm built on collective prudence and solidarity that does not kill INNOVATION and entrepreneurship.
This is exactly why there is the European Community--it was set up to prevent fighting (the precursors were set up right after World War II).
very astute for a flannel monster.
Most people don't realize that euro solidarity is an elitist invention and not shared by the majority. Of course anyone on the receiving end of a subsidy is all for a "european identity." But the majority can't be net parasites on the system and keep it alive.
Europe will be a lot better off and a lot stronger when the nationalist parties and the right dismantle the two most eggregious aspects of european social unionism, immigration of non europeans and cutting off those southern european parasites. Europe for Europeans! (and european descendents in other locales.)
what country is that ? Wallonia or Flamandia? You are the prime example of navel gazing.
He is a prime example of european socialist elites ignoring the sensible majorities in each country. Flannel monster has some good insights every once in a while.
Is this even an article/story? The only line that at all is educational is the part about Germany and the elections are all turning out "no more bailouts on our dime".
This is more of a SPAM ad than an article. How does PCR get so much posting freedom on ZH? Pictures of Tyler with a monkey and banana?!?
I went to the trouble of posting here for the first time. I agree that Mr. Summers posts appear to be more advertisement than education. I researched his site and found some highly emotionally driven, sensationalized, broad sweeping, money losing calls. Granted, anybody can get it wrong some of the time, but it was the broad based generalizations (top calling) that could cost ZH readers money. I think ZH should remove the "advertisement" from these posts. Its easy to find G Summers without the ad.
I wanted to post a similar comment about this ongoing spam a few weeks ago. I think ZH should consider any "article" with no content other than a link to "My Free Report" as spam. If the report is "Free" why not post it here? Obviously it is not really free for us to read, so this is a ploy to get ZH readers hooked in with a tease and then bang us for cash.
Agree. Preaching to the choir with last weeks (and the week before and the week before...) sermon.
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