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The Looters Are in Control
[And now it’s time for Mr. Obama to start paying for all those votes by reaching deep into our pockets. If you intend to avoid paying your “fair share,” however, please take note: There will be few places to hide. For a gimlet-eyed view of what may lie in store for taxpayers and citizens of all political persuasions during the next four years, ponder the guest commentary below, from Wayne Siggard, a regular in the Rick’s Picks forum. RA]
The election was all about new math: 47 = 51. The foresight and genius of the Founders knew no bounds. Ben Franklin said, “Once the people find they can vote themselves money, that will herald the end of the republic.” The trumpets have sounded. The heralds have announced the awakening of the masses to that reality. The greatest and most free nation the world has ever known has just sold its birthright for a mess of pottage; or, at least, the promise of an Obama phone. The takers have voted to take control over the producers.
Everyone will now get a fair shot — except that those who work in government and those who take government welfare will get a fairer shot. Obama knows that you didn’t build that company. You didn’t live frugally and save more money than your neighbor while they spent theirs on drugs or riotous living. He knows this because he didn’t get anything without government assistance — affirmative action put him ahead of more qualified people who earned a spot that he took, just like Elizabeth Warren. You couldn’t possibly have gotten anything on your own merit or hard work.
"A claim for material position can be met only by a government with totalitarian powers." – Friedrich von Hayek
Von Mises said that full government control of all activities of the individual is virtually the goal of both national parties. Have you ever tried to drill an oil or gas well? Have you ever tried to build a house or commercial building? Have you ever tried to manufacture and sell a product? The International Building Code (IBC) increases in size, restrictions and requirements every year. Why? Because a bureaucracy needs to expand to justify its existence.
"Power tends to corrupt, and absolute power corrupts absolutely." – Lord Acton
Have you ever experienced the disdain and contempt of a bureaucrat whose permission you sought? It used to be that their power to grant a license or permit was retribution for their pay being less than that of the private sector. Now, you get to pay them 50% more than you would get for the same job, and the disdain has not decreased. Firemen, police officers, and military personnel can retire as young as 38, many making over $100,000 per year if they work until 50, and many can take another job and collect another pension on top of the first. Meanwhile, according to the Census Bureau, the average middle class family’s income has decreased $4,019 during the Obama years, to $50,964. More than half of the lifeguards in Newport Beach, CA, make over $150,000 per year and can collect more than $100,000 in pension benefits starting under 50 years of age.
So, What’s Coming?
That paradigm of preternatural prestidigitation, the Federal Reserve Bank, will continue its policy of zero percent interest. The big banks will mask their insolvency with free money from the Feds. Greedy speculators and fools who overspent on housing will have their mistakes paid for by those taxpayers who had the foresight to save and invest wisely. Obama bundlers and other insiders will continue to get billion dollar investments from the government, sucking valuable capital from the private sector. The official inflation rates will miraculously stay low while you are paying 100% more for gasoline and food.
"History is largely a history of inflation, usually inflations engineered by governments for the gain of governments." – Friedrich von Hayek
Foreign nations are no longer purchasing U.S. government bonds. The largest purchaser is the Federal Reserve Bank. In other words, the government is printing money from thin air. In 1970, you could go to Las Vegas and buy a silver dollar for one paper dollar. It now costs around $35. A mansion behind the Beverly Hills Hotel sold for $200,000. It resold in 2004 for $16 million. A house in Flintridge, CA, sold for $115,000. Its current value is $4.5 million. The base price for a Corvette was $5192. It is now $49,600, a comparative bargain. What you could buy for $1 million in 1970 now takes $36 million. Senator Everett Dirksen in the 1960s is reputed to have remarked,” a billion here, a billion there, and pretty soon we’re talking real money.” You can now add three zeros. The bottom line is that if you are collecting 0.15% interest on your CD, you are losing real purchasing value of at least 10%, and that rate will be accelerating in the next four years. Carlo Ponzi was a hopeless naïf compared to our elected officials.
Harry Reid Has a Plan
Harry Reid already has a bill on his desk which requires that all pension plans (except for the unions, of course), 401Ks, and IRAs be converted to annuities from the government. This pile of cash represents the largest pile of readily available cash in the world right now. The money will be gone as soon as it hits the government’s account, and you will be left with empty promises. There is no money, only a printing press.
Capital export controls will be enacted. You will not be able to get your money out of the country. Already you can no longer open a bank account in Switzerland unless you have over $30 million because the reporting requirements are too onerous for a smaller account. All requests to Switzerland for visas from Americans will be suspended. History will be repeated (shocking, I know), and all gold in private hands will be confiscated. The Republicans will cave, the tax rates will rise, and anyone making more than the insider politicians and government employees will encounter ever-increasing marginal tax rates.
Payoffs for votes will be made. Affirmative action requirements will be increased in every field of endeavor. Women’s abortions and contraceptives will be free. Regulations will stop the advent of fracking and the boom in oil and natural gas will come to an abrupt halt. Payments to environmental groups for lawyer’s fees will expand exponentially. Government-controlled lands with oil and gas potential will be declared wilderness or national monuments, just like Grand Staircase-Escalante in Utah. I could go on for another ten pages, but , in a nutshell, the message from Mr. Obama is, “You lost.”
And finally, Israel has recognized that Mr. Obama will offer no succor. Before the end of January, they will raid Iran. Gasoline will reach $7 per gallon, and voila, solar and wind energy will be competitive. No matter that your thermostat is set at 40 degrees, if you can get fuel or power.
The looters are in control. Set your alarms.
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Some animals are more equal than others.
Barack Obama is the best friend a Plutocrat/CronyKomrade could ever have dreamed of or hoped for.
No other POTUS has got anything on Obama when it comes to the Plutocrat love-fest.
Did you forget about Ronald Reagan and his "Revolution?"
Yes, and the abject boot licking of the press.
It's likely that Obama will the last president under our current system -- I give it a 1 in 3 chance.
Yup, your probably right, but who is happy with this current system. Kinda liked it better when the Constitution was considered the Law of the Land.
I'll say it was JFK
With J. Edgar nose to nose with RFK?
Fun times!
Why not go all the way to Washington,
first and last POT US-BS.
I'd go 8 to 5, not that arbs are known to bet;)
Poor Rick. He's a lot gloomier/doomier since he read FOFOA and understood how the banksters are transferring their losses to us through inflation of the money stock.
Ignorance is bliss, until you wake up in a train wreck with your face on fire. Still, I have times when I wish I didn't know now what I didn't know then.
BTW, he's right about the move to "nationalize" your retirement accounts and pensions. But don't get upset; President Obama needs your retirement to pay off the Diebold guys and Governor Christie. What an expensive hug that was. It's all in a good cause.
They will confiscate the funds in the context of a national emergency. Katrina was nothing. A 10 or 11 magnitude quake in California is overdue. Until then, the bill will sit on Reid's desk.
I'm praying for a 15-magnitude event such that everything from Las Vegas west sinks into the Pacific Ocean.
"Scuba Tours of San Francisco, $150 includes oxygen. $100 without oxygen."
that's funny, because i'm praying for the same thing, except that the fly-over states are the ones sinking into the ocean, with both coasts left intact.
That's dumb. Who'd pay to take a Scuba dive tour of Tulsa?
Also, if the Left Coast doesn't sink into the Pacific, and the D.C. Coast doesn't sink into the Atlantic, what ocean comes in to cover Flyover Land---the Arctic Ocean?
Canada is going to be so pissed at you.
Who'd pay to take any kind of tour of the entire state of Oklahama, in any condition?
wow, who was bailed out? the voters or the systemic
bankers? the savers or the fraudulent speculators
begging and legislating for more and greater theft
and fraud? tool of the sick and hypocritical, sink
me a song of death and sorrow, i love music and
poetry. the looters have been in control since 1913
and now you get it? good for you.
yes i was thinking much the same. goldman sachs and j p morgan, lockheed martin and northrup grumman take a bit more even than the ocean rescue in newport beach. and further, the former have what might be called externalities: counterparty risk so extreme lending is curtailed and capital flows not to the real economy but to financial paper speculation, not to mention endless war.
"the pump don't work cause the vandals
took the handle." b.d. what was that?
1965?
Bob Dylan - Subterranean Homesick Blues
http://www.youtube.com/watch?v=OwKXggW7naI
.
..Why is the Israeli government purposefully falling on its sword?
November 19, 2012 (LD) - Israel exists in a perpetual "besieged" mentality. " ....
http://landdestroyer.blogspot.com.au/2012/11/netanyahu-leading-israel-to...
I started to type a serious response until reading that last paragraph about "Israel raiding Iran before the end of January".
If that sort of thing is the premise of Rick's thoughts, he ought not be concerned as much about being looted by a government he obviously did not vote for.
Obami in back pocket of Bibi. Aparthied israel gets what it wants. US congress enjoys the soothing Aparthied parasite sucking its teet.
The social upheavel has yet to emerge...everyone blaming the other guy. See something, say something is the snitch'in mantra.
Get out while you're able. Cash in and open an account in SE Asia. Buy a house, condo whatever. Currency trades in SE Asia remain favorable.
It's not Rick Ackerman's thoughts. If you'll read the forward, it's from one of his forum participants, somebody named Wayne Siggard. I assume that Rick is in agreement with the general thrust of the piece, if not all the particulars.
I think his point is that Israel's attack on Iran is the whitest black swan out there. He's not concerned about Israel, but rather the negative effect of the economy.
great post. although the surrendering of billions of gallons of pure drinking water in the name of fracking and the opening of pristine wildlife areas to dipshits like BP and XOM is debateable. our Founding Fathers were sent by the Gods to enlighten mere mortals about liberty and freedom- and that wisdom has been squandered
And that 47 = 51 thing is just pure rightwing douchebaggery. Does Wayne Siggard really think Romney would have changed any of these policies? It's down to who will crash the economy hardest.
I'll bet ole Wayne eats roadkill he ran over with his truck, which he built himself out of parts hand-hewn from metal he mined in his own back yard.
I voted for Jill Stein, 'cause I love trees 'n shit.
What, you did NOT vote for Kodos?
No, I threw my vote away on a puny human.
you had me until that whole zealous 'sent by Gods' fairy tale shit.
Agreed. Fuck off with your religion hate and bigotry. Always some dipshit in the crowd cooing about others' belief in a 'mystical sky daddy' and how the rest of the world is delusional for believing in God. What makes your beliefs any more relevant than anyone else's?
jomama
relax the sphincter...lots of good people believe in a god or gods, in fact if you do not. you are in a minority. No religion has a majority, no matter how fast they breed. What do we have? 1/3 Christian, 1/3 Muslim, 1/3 other and the final 1/3 (hey I was a math major, I can be trusted with numbers) polytheist? Add a mix of other crazies and it don't mean shit...morality is unrelated to religious belief anyway...and religious belief is the closest thing to a genetic trait that is not transmitted by genes that we have found. So relax...the letters g and o and d will not hurt you.
figure of speech-besides freedom to believe in God or Gods or none at all is a religious freedom.
Astute -- thank you.
The only question left is when will the producers walk away?
And so we will smoke govt weed to insulate us from the pain. And do nothing
Already have. US resident Bearing lives in the USA but works with our Peruvian company importing rolling bearings from Korea, Japan and China. NONE from the USA, sorry.
The way Mr. Ackerman presents his case in this article makes it sound like all these things coming to pass is a bad thing. That's odd. I kinda see all this as helping bring down the rotten-to-the-core system as it stands. Anyone else see that as bad?
Rock, you've seen chaos. Bad? I'd guess that BAD comes after bad, and the collapse goes to somewhere.
And a belated happy birthday on ya.
- Ned
Thanks, Meat!
Reminds me of the character in Porky's.
Edit: I see there's one person with no sense of humor....
Meh. The real looting happens on Dec. 22. http://thecivillibertarian.blogspot.com/2012/11/the-last-solstice.html
LOL Lunatic....excellent
Funny...and good inspiration probably, but I would not spend the credit card draws just yet.
Some say the Mayan calendar was read wrong and so the time has passed already and we are still here, standing around with feet of clay, same as always.
Me however, this might get interesting for, since I turn 50 on 12-12-12 and that is the start of the 9-day novena leading up to your Big Mayan Day, which means either a) I become ruler of all, or b) go up in a puff on smoke, or c) wake up with a hangover, ugly as I was the day before..
One thing we can know: it'll be over soon, as you astutely pointed out -- cheers.
We welcome our new overlord...
The ancients understood:
"The good man is perished out of the earth: and there is none upright among men: They all lie in wait for blood; they hunt every man his brother with a net.
"That they may do evil with both hands earnestly, the prince asketh, and the judge asketh for a reward; and the great man, he uttereth his mischievous desire: So they wrap it up."
- The Bible, Micah 7:2-3
In his search for truth about money, Al Hunt (Of Bloomberg TV's "Political Capital") hauled his ass up the mountain and asked of God;
"Hey God, what is money? Do we really have to earn money and should there be a debt limit"?
God asked of Al, "What is this stange thing you ask of; "Money", Al? "Gods don't worry themselves over such trifles. We make our own shit as we need it".
"Oh" said Al. "You work for a living , then"?
"No" said God. "I just create stuff".
"Oh" said Al. "Can you create money, then"?
"I don't think so." said God, getting a little bored. "I don't need it, remember?"
God scratched his chin and pondered Al's dilema. and said unto him:
" Al, you are to walk amoung men and search for your answers. It is a worldly matter that is for men to decide.
Al searched and searched amoungst his peers but could find few amoung them who understood the nature of money. Despondent, he approached his producer with his problem. After much thought his producer came up with a brilliant idea;
"Rejoice, Al !!!", he proclaimed."We have amoungst us a most brilliant mind. One who is so wise in the matters of money that the President made him the Treasurer! Let's invite him onto the show, for as suruely as the Pope shits in the woods, he will have the answers for you questions".
In all haste an invitatation was extended to the Treasurer to speak to the people. The Treasurer thought this would be an opportune moment to televise to the nation the depth of his intellect and accepted Al's invitation. Al was delighted and primed himself for the occasion and when the camera rolled, he beseached the man in charge of managing of the most powerful nation's money supply (cough) and spending needs; to solve the riddle of the nation's money dilema. "Mister Secretary of the Treasury" Al implored, "should there be a limit to the nation's spending? Should there be a legal debt limit"? .....
The treasurer looked up sagely at the poor simpleton questioner and answewed......
http://sgtreport.com/2012/11/treasury-secretary-geithner-lift-debt-limit...
Timothy: 101.1
Will God help us?
I don't think so; these are matters of human making.
EDIT:
You may note from my prose that it would be a push to to find me in a circle of true believers. I could hardly believe my eyes when I persued my reference to Timothy above. What a coincidence to find the following bible reference actually existed about Timothy.
Timothy, you have failed your namesake. 1 Timothy 1 is the reference http://www.biblegateway.com/passage/?search=1+Timothy+1&version=NIV.
The same crap has been practiced through the ages by human miscreants. Giethner being one of them.
With gun sales @ record levels , & talks of secession, seems we are living the old "history repeats " kinda thing. there is alot of people who will not go along to get along. Outcome uncertin won't be pretty...
will be up bright and early to get some good black fri ammo sales
@ otto skorzeny
Might want to get started before then to buy ammo. Today all I found in 7.62 x 39 was THREE boxes (20 @, "Hornady" brand, no other brands available) at "one of the Southeast's largest gun & ammo dealers". Wal-Mart only had some "Tula" (Russian), I bought two boxes of that crap to try out for the first time when I get back home. A few days ago I bought ALL of the "Federal" ammo (just 6 boxes...) at another outdoor goods big-box place.
I am sure this is just temporary...
***
Anyone? I called various coin shops here in another big FL city, and only ONE said they had 1 oz Gold Eagles (so I bought). Despite the all of the ads in the Yellow Pages, just the one store. I did not call ALL of them in town though.
The owner told me that fewer stores like to stock them, that matched the comments I heard re the others, that they could get them in 1 - 2 days, but NONE in stock among the other 5 or so I called.
That's OK if you want to pay cash for ammo I guess... but for everyone else, there are an incredible amount of e-tailers with vast quantities and varieties of ammo. Among other places, slickguns, slickdeals, fatwallet, and gun-deals.com/ammo will get you where you need to be.
I'd also suggest checking out palmetto state armory in the event they have their $50 lowers again...
Don't bother, It's all going to end with a whimper ....
Far from a whimper....
Washington DC is like the tavern namesake from the Charles Laughton movie, Jamaica Inn. All the politicians (every level, state & local too) along with leaders at every social and business entity are The Cornish Scuttlers. The Scuttlers shifted buoys and lit false signal fires to lure merchant ships on the rocks for salvage. They killed all the crew and then looted the cargoes....
Since 1979 or thereabouts, America has been run by Scuttlers. All the poor decisions and failures that business academia and attorneys embraced which have runied US have not been accidents or just poor planning. The ruin was deliberate, intentional and treasonous. Our leaders, to be leaders, owe an Intrinsic Fiduciary Duty. None, including Ronnie Paul, have lived up to that duty, much less attempted any change or repair.
America is like an animal that has been slaughtered. All that remains is the hide, entrails, and blood to be sent to those buyers. WE were sold for slaughter and bought with fiat dollars our government allowed be created in order to ruin and plunder US.
These bastards are all complicit in our National Economic and Political Murder, all profited by selling US out and exempting themselves from laws that honorable men & women serving their Nation would be proud to obey.
We have been and continue to be governed and ruled by criminals. Rather like the chainsaw butchers who can devastate a ranchers herd in an hour. These kind of sociopaths will destroy all forensic accounting evidence of their malfeasance. The ruin has been done to assure no potential for renewal or rebuilding. These fucks want the US dead and gone and they are about 99.6% in terms of achieving that goal.