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From Currency Debasement To Social Collapse: 4 Case Studies
At its most fundamental level, SocGen's Dylan Grice notes that economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the agent of trust. Debasing money therefore debases trust. Grice emphasizes that history is replete with Great Disorders in which social cohesion has been undermined by currency debasements. The multi-decade credit inflation can now be seen to have had similarly corrosive effects. Yet central banks continue down the same route. The writing is on the wall. Further debasement of money will cause further debasement of society. Dylan, like us, fears a Great Disorder.
Selected extracts from Dylan Grice
If the authorities raise taxes explicitly and openly, voters know exactly why they have less spending power. They also know how much less spending power they have. But if the authorities instead raise money by simply printing it, they raise the revenue by stealth. No one knows upon whom the burden falls. People notice only that they can't afford the things they used to be able to afford, or they can't afford the things which everyone else can afford. They know that something is wrong, but they just don't know what, why, or who is to blame. So inevitably they look for someone to blame.
So it is with monetary debasement, as Keynes understood deeply (so deeply, in fact, that it?s ironic so many of today's crude Keynesians support QE so enthusiastically). In 1921 he said:
“By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some …. Those to whom the system brings windfalls …. become “profiteers” who are the object of the hatred … the process of wealth-getting degenerates into a gamble and a lottery .. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
History is replete with Great Disorders in which currency debasement has coincided with social infighting and scapegoating. This debasement of currency also coincided with a debasement of society. Factions grew more suspicious of one another. Communities fragmented. And one part of the community bore the brunt of the fears.
Third Century Roman inflation (and implicit currency debasement) sparked a rapid turnover of emperors as the scapegoating over the systemic debasement saw Romans turned on Christians with a great violence which lasted throughout the period of the currency debasement but peaked with Diocletian's edict of 303 AD. The edict decreed, among other things, that Christian meeting places be destroyed, Christians holding office be stripped of that office, Christian freedmen be made slaves once more and all scriptures be destroyed. Diocletian's earlier edict, of 301 AD, sought to regulate prices and set out punishments for 'profiteers' whose prices deviated from those set out in the edict.
A similar dynamic seems evident during Europe's medieval inflations, only now, the confused and vain effort to make sense of the enveloping turmoil saw the blame focus on suspected witches. The following chart shows the UK price index over the period with the incidence of witchcraft trials. Note the peak in trials coinciding with the peak of the price revolution.
Were the same dynamics at work during the French Revolution of 1789? The narrative of Madame Guillotine and her bloody role is well known. However, the execution of royalty by the Paris Commune didn't begin until 1792, and the Reign of Terror in which Robespierre's Orwellian sounding 'Committee of Public Safety' slaughtered 17,000 nobles and counterrevolutionaries didn't start until well into 1793. In the words of guillotined revolutionary Georges Danton, this is when the French revolution 'ate itself'. But the coincidence of these events to the monetary debasement is striking. The political violence was justified in part by blaming nobles and counter-revolutionaries for galloping inflation in food prices.
However, the most tragic of all the inflations in my opinion, and certainly the starkest example of a society turning on itself was the German hyperinflation.
Like other Axis countries on the wrong side of the War and now in the grip of hyperinflation, Germany turned viciously on its Jews.
It blamed them for the surrounding evil as Romans had blamed Christians, medieval Europeans had suspected witches, and French revolutionaries had blamed the nobility during previous inflations.
So I keep wondering to myself, do our money-printing central banks and their cheerleaders understand the full consequences of the monetary debasement they continue to engineer? Inflation of the CPI might be a consequence both seen and measurable. A broad inflation of asset prices might be a consequence seen, though not measurable. But what about the consequences that are unseen but unmeasurable - and are all the more destructive for it? I feel queasy about the enthusiasm with which our wise economists play games with something about which we have such a poor understanding.
And now the social debasement is clear for all to see. The 99% blame the 1%; the 1% blame the 47%; the private sector blames the public sector, the public sector returns the sentiment - the young blame the old, everyone blame the rich - yet few question the ideas behind government or central banks...
All I see is more of the same - more money debasement, more unintended consequences and more social disorder.
Source: SocGen
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"Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes." - Ludwig von Mises
Perception rather than Facts.
California mines and mineral museum plundered by some thieves for Gold and jewels ?
It's a lot more than debasing trust, it's debasing the most inherently limited commodity a human can have: time. Money is the translation of our labor over time into a common unit of exchange. When you destroy it, you are not just destroying paper or perception, you are devaluing the human beings themselves that rely upon it. There's a word for when people are forced to labor and not compensated for it: slavery.
Thank God For Ron Paul because today we KNOW who to hang from the gallows. The Federal fucking Reserve and all other central banks!!!!
34 Senators signed on to Full Audit the Fed and it's now up to Dirty Harry:
http://libertycrier.com/finance/34-senators-cosponsor-audit-the-fed-bill-is-your-senator-mia/
Meantime, just bot open long Oct SPY calls:
http://richcash8tradeblog.blogspot.com/
Europe didn't "turn viciously" on the Jews because of inflation. Anti-semetism was a centuries old characteristic of both western and eastern Europe (and still is) long before the Weimar Republic. The financial crisis was just an excuse for extracting revenge on the apparent Jewish financial enemy.
nothing against jews generaly, but in case of weimar collapse no one can say that when they attacked them it was for no purpose...
And as always jewish little folk took all the blame, the real enemies escaped as they all were very well connected a rich from sucking germans wealth for centuries
Sounds like you have something against some Jews more specifically.
Why do they call it currency debasement? Cause your currency ends up in da basement.
Who junked that [strannick]?... That was funny as shit...
Our free ride has dissappeared. That's what happens when EROEI falls below 1.
Empires will collapse.
http://www.planbeconomics.com/2012/07/14/eroei-and-the-collapse-of-empires/
The article was written from an overly simplistic world view. Hitler didn't invent "Shylock".
Why is every textbook and every opinion on the French Revolution suggesting that it was all bad? The people were starving and the cause for their problems was a class of useless and parasitic aristocrats who eventually found their demise at the hands of an executioner. Sure, they could have put the 17,000 to use and given them a shovel to dig but that wasn't their fate. The people wouldn't have any mercy. Although I think that number of 17,000 seems exaggerated.
Ideally we'd want to level the playing field and strip the bankers bare of their ability to create ficticious wealth for themselves from thin air. Wealth that we all have to abide by and respect and accept in return for our good talents and services. That is the problem with the oligarchy and they just may not agree with this point of view. You'd think though that after doing hard time for 3 years they would have gotten it (1789 - 1792)?
The Rothschilds were actually behind the French Revolution and they and their property came out unscathed-they evidently got their man Napoleon into power who gave jews full rights.
Why is every textbook and every opinion on the French Revolution suggesting that it was all bad?
The guillotine
The Terror
Starving peasants
Napoleon
Euro wars
Death in Russia
Not to mention the entirely destructive ideas of collectivism that emanated from the French Revolution that have manifest in such evil ways as Pol Pot, the Cultural Revolution and starving Ukrainians.
Good from the French Revolution? Where exactly?
His point is right on.
sschu
Well, it did get rid of one group of scumbags. but unfortunately they were replaced with a worse group of scumbags.
jew supremacist capitalists funded jew supremacist bolhsheviks and during WWI jew supremacist bolsheviks were rightfully blamed for the strikes in German factories while jew supremacist capitalists were rightfully blamed for cutting off German access to materials-remember the "stab in the back" rubric? The starving hopeless Germans in the 1920s rightfully blamed the jew supremacists for their plight. And starving, hopeless people don't need an "excuse" to extract revenge on their oppressors ifone uses the jew supremacist principle of "collective punishment" that was inflicted on Germany after WWII.
So - here we have it - right in your face virulent, irrational antisemetism.
What's irrational?
Selling gold to buy Facebook.
Oh noes! Anti-semitism! *runs screaming from the room*
We have virulent (virulent! *LOL*) Anti-Everything here, chum. Anti-Capitalists, Anti-Socialists, Anti-Blacks, Anti-American-Citizenisms, Anti-Muslims, Anti-Arabs..
Interestingly.. I don't recall seeing you go out of your way to point out the Anti-Arab diatribes. That's a form of Anti-Semitism, too, isn't it?... I mean, yer average Arab is a lot more Semitic than yer average Israeli, half of whom are blue-eyed blondes (at least if the adverts in Haaretz are anything to go by).
I guess the only form of 'virulent' anti-something that bothers you is the Anti-Jewish stuff. Hmmm.
You are wrong monkey breath. Anti-Arab triabes are no less toxic than Anti-Semitic ones. I call them all when I see them. Your intervention seems to condone what has been said by trying to attack the messenger for not having been able to decry every loathsome message on this board. My question to you is why do you not respond to the everyday hate speech on this board? Why is it tolerated and left unaddressed and denounced for what it is - destructive to meanful human discourse. THe hate speech on this board is a form of ignorance disguised as some sort of snobby, clubby attitude that suggests that as long as it is directed at the President, minorities or the poor it is okay. Great stuff you have going here.
There often execellent posts put up by Tyler and others.
The stiffling, inane coments like yours just detract.
...My question to you is why do you not respond to the everyday hate speech on this board?
Because it's everyday here, and responding to every little piece of it would mean spending most of my waking life policing a site where the vast majority of readers are perfectly capable of researching the truth or otherwise of allegations made by other posters. And because anti-semitism is so frowned upon culturally in the West that it's not a serious threat, whereas, anti-Arab and anti-Muslim racism is rife, is gaining increasing traction, and is a cover for warmongers to get popular support for attacking Iran, which will almost certainly result in the deaths of tens of thousands of innocent people.
Whereas... a few people casting aspersions on Jews - who are now virtually a protected species - is small beer in comparison.
The stiffling, inane coments like yours just detract.
LOL, projection much, ratso?
Read the history of the Russian Revolution. Read the History of WWI. Read the history of the Weimar Republic. The information is there, you just have to read deeper than the B'nai B'rith/ADL version of history. The revolutionary Bolsheviks, traitorous trade unions, and oppressive usurists bedeviling Germany were all spearheaded by Jews. As are the official propagandists who've whitewashed these important facts from the historical record.
You cannot understand modern history while clinging to the "Hitler was Pure Evil, brainwashed an entire nation, exterminated 6,000,000 Jews out of Insane Hate, and anybody who says otherwise is an anti-semite" meme.
You don't have to agree with me, Randall Cabot, Big Jim, or anyone else on this site, but you do need to educate yourself. You can call it Hate Speech or CrimeThink, but you cannot call it ignorant, until you read.
My, what a broad brush you paint with.
jew supremacist bolsheviks in Germany during the WWI period: Karl Liebknecht, Rosa Luxemburg
jew supremacist capitalists who funded jew supremacists bolsheviks during the WWI period: Jacob Schiff, James Loeb, Louis Henrsheimer, Otto Kahn
+1. Name the names. That way those who would really like to learn something, can go look 'em up. The ideologically oriented can just keep accusing you of CrimeThink. Ignorance is Strength!
The list of Jewish Bolsheviks can be found here:
http://www.revisionisthistory.org/communist.html
And more analysis here:
http://www.inconvenienthistory.com/archive/2011/volume_3/number_1/church...
At least in Spain, in the early X and XI centuries, jews are identified with money lenders. See, for example, The Song of my Cid, also known in English as The poem of the Cid, the oldest preserved Castilian epic poem recopilated in (circa) 1207 AD.
Just connecting a few thoughts here, but look at Yugoslavia just before there descent into genocide. The economy had been humming along quite nicely, until about 1988 when inflation hit 217%
http://en.wikipedia.org/wiki/Economy_of_the_Socialist_Federal_Republic_o...
Bullshit - everyone is complicit! It starts at the very top.
Rubbish. There are very specific people who are responsible here. This notion that "it's everyone's fault" is sloppy reasoning and represents the dangerous flip side of the "every kid's a winner" in the faux self-esteem movement.
It's them evil Iranians what done this Uncle Billy............
Depending on your indicators, your children are only valued at between 10-30% of what their parents were in 1980.
That would explain the quality of public education of late.
Gee, does anyone in their right mind think that these four examples can be compared to the US of A in the year 2012. IF you do, try some mellaril.
This collapse will be the epic ending of the fractional reserve banking epoch.
Not that anyone learns anything these days. A stronger, meaner, more fractional system will prop up in its place. "If there's any hope, it lies in the proles."
The new system won't work if the proles keep their money in their mattresses. A lot of rubles, hryvnias, and dinars are under the mattresses.
Which is why they will ALL be debased into nothingness before their global replacement IOUs are unleashed.
Hyperinflation does a currency destroyer good.
Try it will just be a reset and usher in a global fractional reserve currency. Things will get so bad the Sheeple will beg for a solution..any solution.
Nothing will change unless money ceases to be the means of distributing power.
saturn you deserve alot more up votes for that comment
Social Collapse: 5 Case Studies
USA 2012 the reign of Obama
down vote?
Believe it or not there is the occasional Obama lover on the site. Of course they will never openly admit who they are.
I think Obama is a fucking idiot & I junked it... Why?... Because if you're going to pin the whole epoch on Obama as being equivalent (as case study number 5), you might as well pin the Ryder Cup meltdown by the US on Obama as well...
You'd think he'd been a better leader and worked on his short game, but nooooooo!!
You cannot blame the Ryder Cup meltdown on Obama. He cannot even hit a green in regulation from the back tees, so he has nothing to offer.
And virtually all touring pros are capitalists who built their careers themselves (i.e. , they don't vote for Democrats or -worse yet- Socialists)!
But Obama spends more time on the links than on the economy or foreign policy or education or energy policy or Afghanistan, and he is still a complete hacker.
I down arrow anyone complaining about a down arrow.
Please don't down arrow me.
Anyone have a link to the original paper by Grice?
Gee, does anyone in their right mind think that these four examples can be compared to the US of A in the year 2012. IF you do, try some mellaril.
No way! I heard mellaril was anti-semitic.
Zadok: "your children are only valued at between 10-30% of what their parents were in 1980."
There's a lot more total wealth now than 1980. Who gained from this, your children?
The ammount of 'wealth' is about the same, it is just being divided over a greater number of heads.
Oh, and being chased by an ever growing pile of worthless paper.
What a crock. The amount of wealth increases every year. For every ounce of steel that's poured, every new car built, every new shirt tailored, the wealth of the nation increases. The dollar may not buy as much, but the increase in total wealth is more than the decrease from inflation. What's sickening is how much of that wealth is increasingly concentrated in the hands of schmucks whose names we all know who aren't creating anything or providing any service, but are so connected the gov't literally hands them free money. Hang 'em from the lamp posts.
ther pace of wealth destruction is more than wealth creation these days, otherwise we wouldn't be in a global recession. i'm talking about real wealth, not paper wealth which is the only reason that so-called wealth has increased in the west thesse past 40 years.
Cars are a depreciating asset. Shirts are not assets. What is your point? Wealth measured in depreciating assets or shirts (lol) is useless. The oligarchs have printed themselves billions more and it's hiding somewhere on their balance sheets. When a guy like Romney is declaring 14 mil. from "investment" income as taxable income, you know that is just scratching the surface. Making 14 mil. on investments in a NIRP environment means the underlying investment must be in the hundreds of millions. Surely he paid taxes on that amount at some time../sarc
The point is the top 1% has gotten stinking filthy rich during the Depression and the 99% are barely making ends meet and would probably be starving if it wasn't for SNAP.
How do you define wealth? Money? Gold? what a sap. If you're living in a crappy apartment, but get a better job, and move into a nicer place, aren't you wealthier? If you only have one pair of jeans, and can now afford three pairs, aren't you wealthier?
God save me from fools who confuse wealth with money/gold/financial assets.
God save me from fools who think The amount of wealth increases every year, irrespective of whether it actually does or not.
"If you're living in an OK apartment, but get a worse job, and move into a shittier place, aren't you less wealthy?"
Economies usually become more wealthy, but there are plenty of times when they go backwards, when the amount of real 'wealth' declines. And now is probably such a time, though, given the fantastic nature of government-derived figures, it's hard to know.
As for gold not being 'real' wealth - you're confusing it with currency. Gold is real wealth - irrespective of its excellence as money - because it has been (and is being) valued subjectively by billions of people all over the world for use in jewellery, and by industry for its unique attributes.
“The value of goods are expressed in money, while the value of money is expressed in goods. Money and goods are clearly not the same things, but are exactly opposite things. Goods are wealth which you have, while money is a claim on wealth which you do not have. Goods are an asset; Money is a debt. If goods are wealth; money is clearly not wealth, it is negative wealth, maybe even anti-wealth.”
– Quigley, Tragedy and Hope, pg. 44
Interesting.
But money isn't necessarily 'a debt' (yes, I know in our present system all money is debt, but that's purely the result of government intervention in monetary matters). And unless a government is sticking a gun to your head, you are not in any way obliged to surrender wealth for money, whereas you are ethically obliged to surrender wealth (or value of some kind) to discharge a debt.
And before debt-money became prevalent, 'money' was merely an excellent barter intermediary, and it assumed that role because it had barter value in and of itself.
So, no, sorry, Quigley's wrong. 'Real' money is not negative or anti-wealth.
JP Morgan, testifying before Congress:
"Gold is money. Everything else is debt."
C'MON PEOPLE! FUCKIN' DUH!
What you seem to be forgetting is that every time a car is driven, or food is eaten, or a shirt is worn out, the nation's wealth goes down.
A car that no one needs or wants is not weath, it is waste.
Correct. It's channel stuffing.
Every ounce of steel poured, car built, and shirt tailored is value added to existing ore,metals, and fabric.
Every shirt thrown away, car crushed, and hunk of metal buried in a landfill is value depreciating.
Hence my comment that wealth stays "about" the same. The number of peeps and the ammount of fiat only go in one direction; up.
I would agree with Pirate, the $ value of wealth may have increased but the value is about the same divided up over a large population. Currency debasement is at the root of the problem.
Define wealth.
Wealth is the physical, tangible shit we've accumulated - raw materials, resources, finished goods.
Knowledge is the intangible yet meaningful information we've accumulated.
Wisdom is the practical application of knowledge and wealth towards a productive and content life.
Skateboarders definition works for what I assumed this comment was about.
"STUFF"
Wealth is the physical, tangible shit we've accumulated - raw materials, resources, finished goods.
Which is, more or less, exactly what I said, but I get a bunch of down arrows, and he gets 8 greenies. I agree with all three of skateboarder's comments.
I didnt down you. I just up if I agree.
My point is that there is more and more money chasing an ammount of "stuff" which doesnt increase as fast.
And that there is an increasing number of consumers to divide said stuff amongst.
“The value of goods are expressed in money, while the value of money is expressed in goods. Money and goods are clearly not the same things, but are exactly opposite things. Goods are wealth which you have, while money is a claim on wealth which you do not have. Goods are an asset; Money is a debt. If goods are wealth; money is clearly not wealth, it is negative wealth, maybe even anti-wealth.”
– Quigley, Tragedy and Hope, pg. 44
There are 40% more people on the planet than then.
Inflation is tied to human population growth intimately.
And they are all named Mo
The mo' people we have, the mo' people named Mo
I have solid gold kids. They are soaring in value and future looks golden bright, I gotta wear shades!
Agree completely. The recent movie, In Time, represents your explanation well.
http://www.imdb.com/title/tt1637688/
I have to say I also thought that movie really made a great example of inflation in a way most people have never thought about it.
this is the single best post i've ever read on a blog
...its not a matter of "trust". They are not "trustworthy". Same as it ever was.
Why can't the fed just buy Japanese debt, and the Japanese buy US bonds forever... while the riot police keep the immiserated masses in check for the next 60 years?
Don't give them any ideas for cripes sake.
Surely they have a WOPR of some sort just running numbers 24/7 on how to screw the 99.999%
For the same reason you dont use a circular firing squad...not that these dopes wont try, but that's another story.
I love Dylan Grice
Dylan Grice < Gary Grice (the GZA)
Gary Grice gives out some wonderful investment advice
There will be a lot more countries soon enough that you can add to that list.
http://davidmorganblog.blogspot.ca/
I don't think it's correct to say "Perception rather than facts." What happens that people properly perceive the facts. You can't react until you are aware of the threat.
90 % of the worlds population never will.
Just as with animals in the wild,the unaware will perish.
I am not choosing the 90% like TPTB ,but mother nature always wins, and the
weaker genes will be terminated.Still leaves us the problem of the oligarchs, and their minions
to deal with.
The fun is only beginning....
In this situation Flak, some might say, wisely, that the fun is ONLY in the beginning.
What we are watching is essentially the collapse of a fraud built on almost free energy. Slaves in some cases, colonialism in general, Nuclear in the case of Japan.oe
My own case studies below. ;-)
ori
/the-curse-of-free-energy/
Congrats on the new book btw.
Thanks CPL. :-)
ori
Witchezz Bitchezz..
+1 for making me laugh. :)
hunger is on the way, and i assure you, it's no fun.
And now the social debasement is clear for all to see. The 99% blame the 1%; the 1% blame the 47%; the private sector blames the public sector, the public sector returns the sentiment ? the young blame the old, everyone blame the rich ? yet few question the ideas behind government or central banks..
but howard jones says no one is to blame
http://www.youtube.com/watch?v=V-A6WH1kQLc
I blame fat people and old people. Yes. They did it.
And being old, I blame the fat people. They did it.
I'm a person. I blame all other persons. It can't be my fault.
I blame blame, and credit credit.
I think you are angry they don't buy bicycles.
That is just one reason to hate them. There are obviously many reasons to hate them, because they wrecked everything. I hate them.
Bullish on extra strong rope?
Well, I'll do you one better. John Stewart says there are people out there turning music into GOLD! http://www.youtube.com/watch?v=2-CJji921gM
DLOG, ZEHCTIB!!!
Intended consequences of 9/11
No one, no one, no one ever is to blame...
Subtle nuance and meaning.
This is a nice historical look on the perils of currency and the power elite that controls it, however I'm certain we have learned valuable lessons from these events so those in control will be mindful to the effects their actions have on society.
On the other hand...we're fucked. Buy silver.
I'll take door number 2.
Inflation is how the government taxes an ignorant public. - Source Unknown (to me)
Inflation, begs the question of what really rises and what really falls. This is an excellent article, and RedPill is correct. Some could effectively argue that inflation is a facade. There is only devaluation, and for the 99% what is devalued is their productivity because wages will never rise with the price of gasoline or eggs. What is really being deflated is labor/productivity/wages.
And that's the mystery. Why do wages rise last?
So the elite can always have the upper hand in the poker game. If wages rose first, then more and more people would have the financial flexibility to make investments in their own entrepreneurial endeavors that would compete against the status quo, and/or have enough so they don't have to provide as much of their time in the form of labor to the status quo.
"And that's the mystery. Why do wages rise last?"
Is that really a mystery to you? Just examine the flow of money, it tells you everything. Why give the plebs anything, if they tolerate less wealth in exchange for their labor?
Devalued against what?
Um......
"None so blind as those who will not see"
- Matthew Henry
Good times coming!
"Those who have ears, let them hear".
-Jesus Christ
Judgement coming.
They may not understand, but I do.
Got milk?
I do...
What are you waiting for?
Cool old vacuum milker. What breed is the moo?
Thanks. It isn't that old.
She is a Milking Shorthorn.
Way to go. Good grass breed. Kind of long legged. My fav is the Jersey. They have such sweet faces and the milk is second only to a Nubian! Keep it up, miss my farm, mine was stolen. Ran it with real draft horse power. Probably the highlight of my life in terms of accomplishment.
Yeah, I like the easy breeders that are long legged with firm tits.
...
What?
Me too. Wait, what were we talking about here?
I'm getting attracted to this dairy farming thing.
I prefer goats.
Woops! Wrong website!
I have proof...
~~~
http://liat.buzznet.com/user/video/51570/waynes-world-card-scene/
Zadok,
How was it stolen?
Eccl. 9:18.
Corruption, lies, can't even buy justice at any price. Liars begat liars until there is nothing left.
I saw where we were going years ago and took action. Thieves are happy with pennies on the dollar because it's all profit to them, but a bitter pill to swallow when you realize they took all your time value and responsible sacrifice over the course of your life.
Lessons and maturity, or bitterness and hatred are the results of those kind if experiences. I choose the first.
Being a farmer oustanding in his field, i would guess the milker is DeLaval and the moo a jersey/angus cross. Toughen up those hands for the bare knuckle round.
Hey Zadok, you sound like my spitten image. I farmed with real Belgian Belgians for 30 years. But, as you know to become a millionaire ar farming, one has to start with 2. Lived with no electricity or running water bit they were the best years of my life. I,m getting old now but still ready to suck dust behind a big team farting away. It,s not too late to start planning escape from the nursing home .
You think that cow might have aplace at MOOdy,s ?
Ahhh yes, hoss gas. Not really a bad smell, better than diesel fumes. The solid stuff feeds the soil too. It was good but it wasn't all great. Very hard work, $ bite. Tough to find customers that appreciate and will pay for quality. Good memories.
I used the large end of the Belgian breed too. Loved the horses. Made my hardware too. Hickory was the only wood for the trees. Oak was ok but hickory was the best.
It's a Hillaryclinton...The many titted impress will feed the flock with her pasteurized poison.
3 tits, awesome!
Actually there is four ... You must be from the city ;->
Dont milk the cow with 1 teat!
We once had a heifer that was born with 5 tits. Several months later, my wife whipped out her Benchmade and sliced off the extra one. That is my kind of woman, although I did watch my behavior for a long time after seeing that little display.
Now Thats! the kind of woman I'd like ...
other guys to have.
On one hand, there is just one tit, but on the other hand, four nipples.
Correlation does not equal causation ... Clearly climbing milk prices is cuased by the high cost of corn due to the drought .....
Sarc
Nice Pics, I prefer Choreboy myself...
DaddyO
This Time Is Different.
I am pretty sure we crossed a systemic inflection point in the last week or so. Dragging Volcker out to shout to the world that printing money does not cause inflation after Bernanke's insane speech on the same subject yesterday tells me something is breaking. When I add that to the mysterious shut down of commodity markets in Europe around the time of the London Fix yesterday, I have a pretty good idea where the problem is.
Do tell...
The 1% just bought over a billion bullets for their boys. If you think of it maybe that's because they know the 99% already have more than that? Those purchases might be defensive moves. Who knows.
We are SO Efin' screwed.
ufff... again this breathless Social Collapse!!! theme. I'm sorry, I don't find all four cases conclusive. They were all inflations - some hyper-, but they were not all Social Collapses.
but of course there are so and so many millions asking for a Society Collapse, so enjoy this mental (and spiritual?) fodder if it is of your taste...
I'll have some of what you're smoking.
European history is sinless, perfect, and sacrosanct. Nothing bad happened. Gotcha.
nope. I'm just pointing out that both world wars were quite organized. mindless slaughter of millions, yes, but not a "social collapse", IMHO. perhaps I'm just misunderstanding what the words mean for 10 readers (and counting?)
Please enlighten us as to which example was not a social collapse?