You Cannot Build a Financial System on Rumors and Lies

Phoenix Capital Research's picture

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Pitchman's picture

RAPE OF THE REPUBLIC

Though graft, corruption and blatant criminal fraud is thoroughly entrenched and our law makers (the two party Oligarchy) barely bother to hide their complicity, this is not just a crisis of leadership.   It is a societal crisis as their self serving behavior, to date, is done with the consent of "We The People"/you.  See: RAPE OF THE REPUBLIC

***

Sociopaths are always drawn to positions of power and control, which correlates well with our stunning lack of leadership.  But, this is not a crisis of leadership.  It is a societal and Constitutional crisis.  For it is with our consent; a self serving, Two Party Oligarchy has taken the seat of power.  The money power elite with "their" morally bankrupt Monetary System of Debt lies at the heart of our current wows.  And again, as history has proven, they fail to see the making of their own destruction. 

Everything Is Fine: Move On - There's Nothing Here For The 99%

TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL.

END THE FED!

See:

Money Power And The Central Bank: Life Is But A MEME

END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC

blindman's picture

http://community.cruisercustomizing.com/_Summer-Days/audio/797382/22960....
.
Summer Days
.
hit play.
.
Summer Days lyrics , Bob Dylan.

Summer days, summer nights are gone
Summer days and summer nights are gone
I know a place where there's still somethin' going on

I've got a house on the hill, I got hogs out in the mud
I've got a house on the hill, I got hogs all out in the mud
I've got a long haired woman, she got royal Indian blood

Everybody get ready, lift up your glasses and sing
Everybody get ready, lift up your glasses and sing
Well I'm standin' on the table, I'm proposin' a toast to the king

I'm driving in the flats in a Cadillac car
The girls all say "You're a worn out star"
My pockets are loaded, and I'm spending every dime
How can you say you love someone else,
you know it's me all the time

Well the fog's so thick you can't spy the land
the fog's is so thick that you can't even spy the land
what good are you anyway if you can't stand up to some old businessman

Weddin' bells are ringin' and the choir is beginning to sing
Yes, the weddin' bells are ringin' and the choir's beginning to sing
What looks good in the day, at night, is another thing

She's looking in to my eyes, and she's a-holding my hand
She looks in to my eyes, and she's holding my hand
she say, "you can't repeat the past,"
I say "You can't? What do you mean you can't?
Of course you can."

Where do you come from, where do you go?
Sorry, that is nothing you would need to know

Well, my back's been to the wall so long it seems like it's stuck
Why don't you break my heart one more time, just for good luck

I got eight carburators and boys I'm usin' 'em all
well, I got eight carburators and boys I'm usin' 'em all
I'm short on gas, my motor's startin' to stall

My dogs are barking, there must be someone around
My dogs are barking, there's must be someone around
I got my hammer ringin' pretty baby, but the nails ain't goin' down

If you got something to say, speak or hold your peace
Well, if you got something to say, speak now or hold your peace
If it's information you want, you can get it from the police

Politician's got on his joggin' shoes
he must be runnin' for office, got no time to lose
suckin' the blood out of the genius of generosity
you been rollin' your eyes, you been teasin' me

Standin' by God's river my soul's beginning to shake
Standin' by God's river my soul's beginning to shake
I'm countin' on you, love, to gimme a break

I'm leaving in the morning, as soon as the dark clouds lift
yes I'm leaving in the morning, just as soon as the dark clouds lift
I'm breakin' the roof, set fire to the place as a partin' gift

Summer days, summer nights are gone
Summer days, summer nights are gone
I know a place where there's still something goin' on.

hidingfromhelis's picture

You Cannot Build a Financial System on Rumors and Lies

Not only was it built, but it was built to code, with a permit, and it passed inspection.  As a bonus, we get to pay taxes on it.

blindman's picture

http://www.youtube.com/watch?v=RZgBhyU4IvQ
Bob Dylan - Not Dark Yet
.
.."i been down on the bottom
of a world full of lies.
i ain't looking for nothin'
in anyone's eyes." ..
.
"better angels." somebody said it.
.
Not Dark Yet
Shadows are falling and I’ve been here all day
It’s too hot to sleep, and time is running away
Feel like my soul has turned into steel
I’ve still got the scars that the sun didn’t heal
There’s not even room enough to be anywhere
It’s not dark yet, but it’s getting there

Well, my sense of humility has gone down the drain
Behind every beautiful thing there’s been some kind of pain
She wrote me a letter and she wrote it so kind
She put down in writin' what was in her mind
I just don’t see why I should even care
It’s not dark yet, but it’s getting there

Well I’ve been to London and I’ve been to gay Paree
I’ve followed the river and I got to the sea
I’ve been down on the bottom of a world full of lies
I ain’t looking for nothing in anyone’s eyes
Sometimes my burden is more than I can bear
It’s not dark yet, but it’s getting there

I was born here and I’ll die here, against my will
I know it looks like I’m moving, but I’m standing still
Every nerve in my body is so vacant and numb
I can’t even remember what it was I came here to get away from
Don’t even hear a murmur of a prayer
It’s not dark yet, but it’s gettin' there. .....

Copyright © 1997 by Special Rider Music

Zero Govt's picture

Take away consequence and rules and you have anarchy.

Bollocks

You have warehouses full of rules, legislation, regulators and Police. All whistling Dixie on an historical mega-bubble of rules against theft, fraud, corporate risk officers, accoutnancy and auditing standards, corporate guidelines, promises and 'know your client' and rules against mis-selling.

This Titanic of Rules/Laws is sinking before your very eyes while you call for "more"

Govt and the Law is anarchy, a small group of crooks/vandals running riot

Freedom (no rules) provides its own social order (see nature) ..and as the Law fails and fails again people take it into their own hands

..."I predict a riot" ....bring it on, the natural social response works  (the Law does not, it is bollocks)

blindman's picture

@"You Cannot Build a Financial System on Rumors and Lies"..
.
of course you can. whole civilizations and religions have
been built on rumors and lies! universities, governments ..
all of it. it may suck, but there it is, built on lies!
and rumors...

mac768's picture

There are three kind of lies:

1. Ordinary lies

2. Damn lies

3. The European Monetary Union

Zero Govt's picture

4. monopoly Money

5. monopoly institutions (Govt, Law, education, healthcare etc)

Oh look, 3, 4 and 5 are crumbling ...what kind of vacuous rotten idealism could that be?!! 

walküre's picture

1) Lies

2) Damn Lies

3) Statistics

vast-dom's picture

"You Cannot Build a Financial System on Rumors and Lies" 

 

Uh Graham that is exactly what has been done. Why not consult your leprechauns on that dirt cheap gold scam for your subscribers -- that certainly ain't no rumor, right¿

 

Buck Johnson's picture

Thats funny, did you get scammed from his website?

kevinearick's picture

Their excuse for lying is anxiety and they have anxiety because they lie. That's the basis of any ponzi / black hole.

stiler's picture

so how does this work? we love non-conformists, but we hate WS CEOs. Acc to Forbes one of the traits of a good CEO is his/her ability to like to skirt the line of what is right. 

walküre's picture

When the clock strikes midnight on 12/31/2011 all bets are off anyways.

They will stop lying and let it rip on 2012 .. or shall we say RIP ?

Shizzmoney's picture

To review how we go into this mess, Wall Street and other industries lobbied Congress to loosen regulations. However, the secondary nature of those lobbying efforts was it trained Congress to see Wall Street as the hand that feeds, thereby making it unlikely for Congress to prosecute or pursue any criminal activity on the part of the bankers.

 This.  SO this.

epwpixieq-1's picture
You Cannot Build a Financial System on Rumors and Lies

Yes We Can!

Or, at least, certainly can try! Besides, when everything is digital, the last time I checked, there was no physical law of Gravitation ruling in the software/paper games.

Well, for Ag or Au it is a different story, 10.5x1000kg/m3 and 19.3x1000kg/m3

Antifederalist's picture

Yes We Can! 

Reminds me of bumper sticker seen last week:   Apparently, We Can't

Obama: fail.

honestann's picture

You cannot build a financial system on rumors and lies.

Yeah, but you can build free-for-all predatory destruction and ponzi schemes on rumors and lies, and that's all that remains.  There is no "financial system" any more... just ponzi schemes and manipuations of ponzi schemes.

Stop trying to perform analysis of the "financial system", because you can't.  There isn't one.

Similarly, stop trying to perform analysis of the USSA based upon a "constitutional republic" or even "the constitution".  The predators-that-be, the predator-class, and their hired jack-booted thug enforcers at every level of "government" are simply a pack of viscious PREDATORS doing what predators do... DESTROY.  If you try to perform an analysis of "governance", you're wasting your time.  To understand anything today you must perform analyses of "predators", "predatory destruction" and "ponzi schemes".  PERIOD.

The Limerick King's picture

You raise some excellent points GS.....we stare into the financial abyss as a result of a morality crises. Keep up the good work and best of luck providing wealth protection in these deeply troubled times! 

Jonbutterfly's picture

It is not just Europe where they are big liers. I mean listen to what  Jim Rogers says: Ben Bernake says one think and does the other.

http://jimrogers-investments.blogspot.com/2011/11/cnbc-video-interview.html

And on top you can prove it by pulling up the right statistics. Nowbody cares anyway. It is like said in the article:

"Also, why is it no one even checks with the reporters who publish the initial rumor-based news? Can reporters simply publish total lies these days and no one cares (that’s a rhetorical question, we already know the answer)."

Diogenes's picture

Yes you can, you just can't build a good one.You get an economy like the Soviet Union or the Ottoman Empire in their last days.

walküre's picture

Eventually every lie will be exposed.

In this day and age the lies won't stand as long because of information that flows in nano seconds across the world.

.. last days .. or last hours .. ???

skipjack's picture

"ake away consequence and rules and you have anarchy. And that’s virtually what we had in the Financial System leading up to the Crisis."

 

Total bullshit.  You didn't describe anarchy at all - you described control fraud, otherwise known as fascism.  It was 100% government sanctioned and supported.

NotApplicable's picture

Go easy on him. Probably mislearned the definition of anarchy (= chaos) in a government "school" along with all the rest of them. Ask any of them about the non-aggression axiom of anarchy, and you'll get nothing but a blank stare, as their belief system has trumped any efforts at understanding.

Hedgetard55's picture

An eternity burning in hell would be too good for Bernanke.

lasvegaspersona's picture

Bernecke is the bad spouse who spends half a years pay on something etherial and does not see the harm done as long as it pleased him. The family will never recover, they will not pay their bills they will never be able to retire...and the thing bought....gone already...

Our money means nothing....7.7T....just gone?  Why do I even come into work? Not for this worthless paper...not much longer...

NotApplicable's picture

I come into work in order to keep my ass in tip-top shape (chair-shape, that is). Oh, and to fill the internets with my presence (at home, I'm too busy working).

Georgesblog's picture

The Federal Reserve note began as a half - truth. As long as it was redeemable in gold and silver coin, it gained enough credibility to be seen as money, itself. Gradually, it became separated from real money. After successfully working the Bait-And-Switch for 98 years, the Federal Reserve note is a pure lie. It is no wonder that financial instruments, even farther removed from real money, don't behave the way we expect money to function.

 http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

f16hoser's picture

No; but I can build a PM's position on it! Keep lying about the FIAT! Keeps Gold/Silver affordable.

DogSlime's picture

You cannot build a financial system on rumours and lies?  Well no,  (or you can but it will inevitably implode).

Here's the question - can you build a contributor blog post based on culling other people's research, repackage it in really emotive terms and then use it to sell your FREE survival report?  I think so.

In August of this year, you were promising that subscribers would learn how to buy gold at $350 per ounce.

(here:  http://www.zerohedge.com/contributed/graham-summers%E2%80%99-weekly-market-forecast-support-edition )

Say again about rumours and lies?

NotApplicable's picture

$350 an ounce? That's easy. Take your money, go buy a gun, a box of ammo, ski mask, fill your vehicle with gas (or buy subway/bus tickets).

Next, locate your nearest coin dealer...

If you're frugal, you'll even have change left over!

Financial_Guardian_Angel's picture

Gold: $1713 per ounce.

Graham's "free" reports: God only knows.

Seeing the ZH'ers roast Graham for his epic fails, priceless!

WTF2's picture

Check is in the mail...

Winston Smith 2009's picture

And on that BS IMF rumor, that should be traced all the way back to it's source and the individual or firm prosecuted for market manipulation via false rumors.

NEOSERF's picture

Great post Phoenix..this is exactly right and unfortunately as you see during Black Friday frenzy, the morals that were at a high point in this country after two world wars, has sunk here to third world values...get mine while the getting is good...those perpetuating the lies are no different than the looter running out of Best Buy with a tv...it is sickening but a day of reckoning ALWAYS comes and it will come out of left field and when this starts spiraling down, no Paulson moment is going to stop this one...

Winston Smith 2009's picture

"You Cannot Build a Financial System on Rumors and Lies"

Uh, they already did over the past 30 years.  And their final acts will be the transfer of as much wealth as possible from the public tab before they completely lose credibility everywhere.

TooBearish's picture

Bullshite they been doing it for 15yrs and WINNING!

NotApplicable's picture

I'd say the current game is more like 150 yrs. old (as that's when the corporate takeover of fedgov occurred).

michael_engineer's picture

The smartest people on the planet are not on Wall Street.

They can be found here here and here :

http://www.theoildrum.com/

http://www.energybulletin.net/

http://www.zerohedge.com/

dumpster's picture

so now is great time to come to that conclusion all on your own lol

so dishonest is not good