• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Guest Post: Eight Signs The System Is Broken

Tyler Durden's picture




 

Submitted by Simon Black of Sovereign Man blog,

Here are a few interesting tidbits to chew on:

1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag at the peak of Soviet terror.

2) Apparently, Americans are getting more interested in snitching on each other. According to Google Trends, internet searches for terms such as “IRS reward” (and related keywords) have exploded since 2008, and especially this year.

screen capture 1024x695 Eight signs the system is broken

 

3) Last month, a school district in California sold $164 million worth of bonds at 12.6% interest; this is more than Pakistan, Botswana, and Ecuador pay in the international bond market.

4) Based on the Treasury’s most recent statistics, US government interest payments to China will total at least $26.055 billion this year. The real figure may be much higher given that China has been purchased Treasuries for decades, back when interest rates were much higher. They’re still getting paid on those higher rates today. Even still, this year’s interest payment to China totals more than ALL the silver that was mined in the world last year.

5) In August 2008, just before the Lehman Brothers collapse, the number of employed persons in the United States was 145.47 million persons. Over the subsequent years, the employment figure dipped to as low as 139.27 million. Today it stands at 142.1 million. Even if this is considered recovery, to ‘rescue’ those 2.8 million jobs, it took the federal government an additional $6.421 trillion worth of debt ($2.3 million per job), and a $1.9 trillion (203%) expansion of the Federal Reserve balance sheet.

6) Meanwhile, despite trillions of euros in debt and bailouts, the unemployment rate in the eurozone just hit a record high of 11.4%… and a second Spanish bailout is now imminent.

7) Inflation in Zimbabwe (3.63%) is lower than inflation in the UK (3.66%, August 2011-July 2012).

8) Last week, the French government reached a ‘historic’ budget compromise, shooting for a budget deficit that’s ‘only’ 3% of GDP. This is based on an assumption that the economy will grow by 0.8%. In other words, France’s official public debt (which is already at 91% of GDP) will increase by 2.2% of GDP next year amid flat growth. And this is what these people consider progress.

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Tue, 10/02/2012 - 14:29 | 2849141 Temporalist
Temporalist's picture

9) The media is owned by the oligarchs

Tue, 10/02/2012 - 14:33 | 2849152 Dalago
Dalago's picture

10) This is a sign the system is broken in one picture: http://3.bp.blogspot.com/-6qhVTCsf8Ks/T3sYdudvAoI/AAAAAAAAAXQ/eb4IXpbpOt...

Tue, 10/02/2012 - 14:34 | 2849161 Careless Whisper
Careless Whisper's picture

The Careless Whisper News Update & Threadjacking

Inside Scoop: Teri Buehl - JPM UNDER-RESERVED - Bear Stearns Will Cost JP Morgan BILLIONS

http://www.teribuhl.com/

JPM/BEAR STEARNS DOCUMENTARY FILM PREMIERS IN GREENWICH ON THURSDAY

http://brucemuseum.org/site/calendar_detail/fall-film-series-confidence-game

Prosecutor: Madoff Started Ponzi In 1972

http://www.nydailynews.com/new-york/madoff-fraud-began-back-early-1970s-prosecutors-article-1.1172536

Daytime Bandits Rob Gold From Cali Museum

http://www.dailymail.co.uk/news/article-2211569/Mining-Minerals-Museum-Bandits-rob-2M-gems-gold-nuggets-pickaxes-miss-Fricot-Nugget.html

Copyright Police Sieze Servers In Sweden

http://torrentfreak.com/prq-police-raid-takes-down-dozens-of-file-sharing-sites-121001/

Mitt: LEGADO - Una Deuda. $16 Trillion. Sin Trabajos. (VIDEO - Oct. 2)

http://www.youtube.com/watch?v=GCURhy5MIhk

Loves Everyone; VP Ryan Attends Mass At Gay Friendly Catholic Church

http://dennishouse.wordpress.com/2012/10/01/paul-ryan-makes-surprise-appearance-at-hartford-church/

Marketing Genius?; German Liquor Co Pours "Every Drop" Over Playmates' Breasts Before Bottling(WARNING: NSFW)

http://www.gspirits.com/

 

 

 

Tue, 10/02/2012 - 14:54 | 2849228 Gully Foyle
Tue, 10/02/2012 - 14:57 | 2849244 CPL
CPL's picture

Because there are more risks at losing government grants, so they lie.

Tue, 10/02/2012 - 15:01 | 2849271 redpill
redpill's picture

11) When the US government is more worried about getting their hands on Julian Assange than they are about protecting our ambassadors in hostile countries.

Tue, 10/02/2012 - 15:21 | 2849347 El
El's picture

Would give you +100 for this comment if I could.

Tue, 10/02/2012 - 15:51 | 2849476 MillionDollarBogus_
MillionDollarBogus_'s picture

12)  I get a Vote Up...

Tue, 10/02/2012 - 16:19 | 2849566 Zero Govt
Zero Govt's picture

13). Bubble Ben says "this time" he'll "fix it" but keeps coming the fuck back ....QE f'n 13 and counting..

Tue, 10/02/2012 - 16:29 | 2849604 francis_sawyer
francis_sawyer's picture

14). When I'm reading an article by SIMON BLACK about 'why' we're fucked... We're BEYOND fucked...

Tue, 10/02/2012 - 18:43 | 2850004 Apeman
Apeman's picture

15) You push the button but nothing happens... uuuhhhmmm... wait... no... uuuuhhh... nevermind

Tue, 10/02/2012 - 18:44 | 2850006 Dr Benway
Dr Benway's picture

15) When I'm agreeing with an article of Simon Black, the world truly must be triplefucked

Tue, 10/02/2012 - 15:53 | 2849477 JR
JR's picture

Paul Craig Roberts this week says: “Let’s turn to Julian Assange and WikiLeaks,”

And says:

 Like Iran, Assange has been demonized, not on the basis of facts but on the basis of lies.

Washington, which poses as a purveyor of human rights, has been mistreating if not torturing Bradley Manning since May 2010 without bringing him to trial in an effort to make Manning say that he and Assange constitute a spy team working against the US.

Assange is a celebrity, because WikiLeaks publishes the news leaked to the organization that the Presstitute media suppresses. While in Sweden, Assange was picked up by two celebrity-hungry women who took him home to their beds. The women later bragged of their conquests on social media, but apparently when they found out that they were rivals, they turned on the “two-timer” Assange and made charges. One claimed that he had not used a condom as per her request, and the other claimed that she had offered one helping but he had taken two.

Whatever the accusations, the Swedish prosecutorial office investigated and dismissed the case. Despite this known fact, the Western Presstitute media reports that Assange is a fugitive evading rape charges by hiding in the Ecuadoran Embassy in London. Even RT, an alternative media voice, has fallen for this disinformation.

After Assange was cleared in Sweden, a female prosecutor has tried to reopen the case. There is no evidence for her to bring charges, so she demanded that England arrest Assange and extradite him to Sweden to be questioned.

Normally, people are not subject to extradition for questioning. Only people who have been formally charged are extradited. But this detail wasn’t of interest to the Presstitute media or to the British courts which ruled as Washington desired.

Opinions vary as to whether the female prosecutor who wants Assange for questioning is an ideological feminist who believes no heterosexual sex is legitimate or whether she is in the pay of Washington. But experts agree that once Assange is in Sweden he is certain to be turned over to Washington, which will demand his extradition on trumped up charges. Extradition on trumped up charges is difficult in England but easy in Sweden.

Assange offered to be questioned in London, but the female prosecutor refused. Now the Ecuadoran Embassy is offering to send Assange to the Ecuadoran Embassy in Sweden to be questioned, but Washington, London, and the Swedish prosecutor have refused. They want Assange without the protection of the asylum that Ecuador has granted him.

Washington has how made this obvious. John Glaser writing in Antiwar.com, September 26, 2012, reports: “Newly declassified documents have revealed that the US military designated WikiLeaks founder Julian Assange an enemy of the state, who can be killed or detained without trial.” See this also.

Assange is Washington’s enemy, because he let the truth get out. WikiLeaks is a journalistic enterprise, not a spy enterprise. It publishes information, some of which is leaked to it by whistleblowers, just as the Pentagon Papers were leaked to the New York Times. The information leaked to WikiLeaks has embarrassed Washington, because it shows Washington to be two-faced, a manipulator of other countries’ governments and medias, and overflowing with mendacity.

In other words, Washington is not the light upon the hill but the gates of Hell or Mordor.

Assange had best be careful. If he again speaks to supportive crowds from a balcony of the Ecuadoran Embassy in London, he is likely to be shot down by a CIA sniper.

Approved by Obama, of course. Or his successor.

http://lewrockwell.com/roberts/roberts370.html

Tue, 10/02/2012 - 16:18 | 2849565 tonyw
tonyw's picture

I'm not defending it, but Sweden has issued a European Arrest Warrant and this is valid throught Europe, i.e. it must be enforced with few exceptions, e.g. death penalty or torture.

The EAW was designed to sped-up extraditions within Europe with the idea that all European countries were of good standing...

Tue, 10/02/2012 - 16:31 | 2849615 amadeusb4
amadeusb4's picture

Excep that there are no charges. The original Swedish judge threw out the case and another judge took it up.

Tue, 10/02/2012 - 16:57 | 2849702 ParkAveFlasher
ParkAveFlasher's picture

If at first you don't succeed, try, try again.

Tue, 10/02/2012 - 20:06 | 2850213 Maghreb
Maghreb's picture

They wouldn't fucking dare pop someone on the balcony of an embassy in Knightsbridge behind Harrods. Its too piss take even for them. That area's a safe zone for the oligarchs. Massive security armed police in the red cop cars all over. Only the IRA and Middle Eastern groups have ever hit those parts of London to make a point to the Tory party. Its globalist money launderers home turf.

Besides people have argued that Assange is an asset to some.If they take him out one of theres will get killed somewhere by someone. Others have argued he works for the CIA. The guy who runs cryptome a similar leaks site isn't sure about him. He's never leaked anything that serious. No Gulf of Tonkin Pentagon papers, Report from Iron Mountain or Watergate. Just a load of bitchy comments and hearsay from the last 20 years.

Tue, 10/02/2012 - 20:30 | 2850290 JPM Hater001
JPM Hater001's picture

They would dare...

To quote Samuel Jackson of late...wake the fuck up.

Tue, 10/02/2012 - 23:39 | 2850810 Beau Tox
Beau Tox's picture

It is very close to Blackfriar's Bridge, where Calvi was found hanged.

Tue, 10/02/2012 - 17:33 | 2849796 goldstandard
goldstandard's picture

The world is full of lies and most of them are created right here at home including the hype and spin that Jews hate the leader of Iran. Guess someone missed the memo from last weeks UN gala that Jews really do like the Iranian leader. Apparently these jewish leaders hate their own kind otherwise known as Zionists such as their buddies the Rothchilds and  George Soros...enjoy

 

http://www.youtube.com/watch?v=bCw-oWp1wf8&feature=player_embedded#!

Tue, 10/02/2012 - 19:22 | 2850115 Doña K
Doña K's picture

Hard to believe, but its right there in plain sight. Anyone saw that in the MSM?

Tue, 10/02/2012 - 21:51 | 2850536 Chuck Walla
Chuck Walla's picture

11) When the US government is more worried about getting their hands on Julian Assange than they are about protecting our ambassadors in hostile countries.

Ambasadors are a dime a dozen, a really big contribution can get you there. There is only one Assange.

 

FORWARD SOVIET!

Tue, 10/02/2012 - 15:00 | 2849252 The Navigator
The Navigator's picture

8 signs? Only 8 signs? Between ZH & Drudge if you can't find more than 8 signs you either need a bigger screen or better glasses.

 

How The Government’s Lies Become Truth...... By Dr. Paul Craig Roberts

http://www.globalresearch.ca/how-the-governments-lies-become-truth/

 

More bikes sold than cars in Italy for first time since WW2

http://www.telegraph.co.uk/finance/newsbysector/transport/9581180/More-b...

 

Another domino falls as Hollande pushes France into depression

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/957767...

 

PIMCO (Bill Gross): America could 'resemble Greece' before 2020

http://www.telegraph.co.uk/finance/financialcrisis/9581682/PIMCO-America...

 

From Currency Debasement To Social Collapse: 4 Case Studies

http://www.zerohedge.com/news/2012-10-02/currency-debasement-social-coll...

 

Sam Zell On "Class Warfare Crap", QE3 Unreality, And Why Everything Is Mispriced Due To The Fed

http://www.zerohedge.com/news/2012-10-02/sam-zell-class-warfare-crap-qe3...

 

Mortgage Rates Fall To Near Historic Lows, But Will The Fed’s Distortion of Mortgage Rates Help?

http://confoundedinterest.wordpress.com/2012/10/02/mortgage-rates-fall-t...

 

EXACTLY As Claimed On Financial REALity TV, Ben Bernanke Bailed Out The Banks Through A MSM Aided Public LIE To His Fellow Countrymen

http://www.zerohedge.com/contributed/2012-10-02/exactly-claimed-financia...

 

If You Prop Up An Artificial Economy Long Enough, Does It Become Real?

http://www.zerohedge.com/news/2012-10-02/guest-post-if-you-prop-artifici...

 

JPMorgan Sued By NY Attorney General Over "Shit-Breathing" Bear Stearns RMBS FRAUD

http://www.zerohedge.com/news/2012-10-01/jpmorgan-sued-ny-ag-over-shit-b...

 

ABCNEWS Stephanopoulos declares Dem winner in 8 of 9 last debates...

http://newsbusters.org/blogs/rich-noyes/2012/10/02/abcs-stephanopoulos-l...

 

Under oath, Edwards pollster admits polls were 'PROPAGANDA'...

http://www.politico.com/blogs/under-the-radar/2012/10/a-pollster-under-o...

 

Poll: Plurality say Polls BIASED for Obama

http://thehill.com/blogs/blog-briefing-room/news/259655-poll-plurality-o...

 

Tue, 10/02/2012 - 15:28 | 2849367 teribuhl
teribuhl's picture

Thanks for the links. But here is the story Zerohedge readers will really appreciate. I reported it in Aug 2011. It details all the illegal actions the NY AG was looking at re Bear's mtg team and you'll see how much he left out of his fraud suit against $JPM $BS. It starts on page two. Check out the double booking of loans as collateral in the short term paper market..

https://docs.google.com/file/d/12OSmDQCWnIQL-R_ZiX6gtuZF0pEN7FWfMgkTzs7iabnfywudH1V-tGEp2gdG/edit

Tue, 10/02/2012 - 15:44 | 2849439 Careless Whisper
Careless Whisper's picture

bwahahaha. I love how those guys had the Note in TWO places at once. Collateral for short-term debt for BearStearns AND sold the NOTE into a security at the SAME TIME. bwahahaha. I love those banksters. That's even better than the part where they didn't inspect the real estate because they could just take the "word" of the underwriters at Countrywide that there really really was a big colonial on the property. bwahahaha. too funny.

 

Tue, 10/02/2012 - 15:49 | 2849466 Temporalist
Temporalist's picture

I hope you post here more often.

Tue, 10/02/2012 - 20:26 | 2850275 mvsjcl
mvsjcl's picture

Hi Teri. I love the work you do.

Tue, 10/02/2012 - 23:12 | 2850755 BlackholeDivestment
BlackholeDivestment's picture

...yeah, thanks for the link, never imagined Teribuhl was gonna be good. Lol. Yeah, post more goodness please, so thirsty for it.

http://www.youtube.com/watch?v=4sX0D56Nqs8&feature=fvwrel

Tue, 10/02/2012 - 14:56 | 2849236 CPL
CPL's picture

 

  • She looks like she's worked hard by her hands.
  • Missed a couple of meals.
  • She's sticking up to her principles.

 

She's dead meat...sigh.  No more heros.

Tue, 10/02/2012 - 16:13 | 2849554 Metalredneck
Metalredneck's picture

Looks like turrurrists to me...

Tue, 10/02/2012 - 17:29 | 2849793 intj87
intj87's picture

Look at that grin on that officers face, I wonder how the cops can just stand there. 

Brainwashed to the max is about the only reason I can come up with 

Tue, 10/02/2012 - 14:33 | 2849159 masaccio
masaccio's picture

Except this site, which allows clowns to post and to comment. [snaps pig bladder]

Tue, 10/02/2012 - 14:47 | 2849196 LiesAreTheOnlyTruth
LiesAreTheOnlyTruth's picture

i.e. The post to which this is a reply to.

Tue, 10/02/2012 - 14:53 | 2849223 insanelysane
insanelysane's picture

well stated.  now take off your red nose and oversized shoes.

Tue, 10/02/2012 - 14:58 | 2849241 Kayman
Kayman's picture

A Rotten Ronnie Troll. Delightful.

Tue, 10/02/2012 - 14:58 | 2849249 CPL
CPL's picture

Puta.

Tue, 10/02/2012 - 16:31 | 2849617 ebworthen
ebworthen's picture

masaccio - Things slow at the S.E.C. today?

Tue, 10/02/2012 - 14:49 | 2849207 Gully Foyle
Gully Foyle's picture

Temporalist

The media has ALWAYS been owned by the oligarchs.

Where the fuck you been?

Tue, 10/02/2012 - 14:56 | 2849217 Gully Foyle
Gully Foyle's picture

"In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens."

I'm sorry but that only proves to me there are that many stupid criminals. Getting caught once is dumb, getting caughttwice  proves you deserve prison. Everything above that and they are write offs.

Raise your hand if you choose to have these people released into your neighborhood.

 

(So the people who downvoted this wants to have criminals as neighbors? Please share your side, because if you don't it just makes you an asshole for not practicing what you preach.)

Tue, 10/02/2012 - 15:01 | 2849261 Kayman
Kayman's picture

And how many criminal Banksters per 100,000 citizens ?

Tue, 10/02/2012 - 15:06 | 2849293 Gully Foyle
Gully Foyle's picture

Kayman

Are they stupid enough to get caught?

The reality is the majority of criminals are dirtbags who should be locked up.

They are bad people who do stupid shit.


Tue, 10/02/2012 - 15:17 | 2849327 LetThemEatRand
LetThemEatRand's picture

I'll bet that Jamie Dimon and Lloyd Blankfein have done serious blow in their time, a serious crime if you are black and poor.  I'll be the large majority of people who contribute to ZH and post on these threads have broken a few zero tolerance drug laws themselves. The last several Presidents of the United States committed serious crimes (drug possession, use, intoxication, etc) but were never caught and/or were never seriously charged.  I see you support the double standard of justice in this country.  

Tue, 10/02/2012 - 15:21 | 2849352 fonzannoon
fonzannoon's picture

LTER don't make this douche's day by acknowledging him

Tue, 10/02/2012 - 15:48 | 2849456 RafterManFMJ
RafterManFMJ's picture

They are bad people who do stupid shit.

 

Didn't know stupidity had been criminalized; I'd say your looking at 5-10 years Kayman.

Tue, 10/02/2012 - 15:02 | 2849270 Timmay
Timmay's picture

Riiiiight. Because smoking pot is SO criminal......

Tue, 10/02/2012 - 15:05 | 2849286 Gully Foyle
Gully Foyle's picture

Timmay

Fuck you, how many first time dope smokers are sitting in prison.

Let's be real here.

Just because you don't know any dirtbag criminals, is no reason to assume they are all hippy pot smokers like the kid from Where the Buffalo roam.

The vast majority of criminals deserve to be there just because they are fucking stupid enough to get caught.


Tue, 10/02/2012 - 15:19 | 2849345 Nostradamus
Nostradamus's picture

The vast majority of criminals deserve to be there just because they are fucking stupid enough to get caught.


Spoken like a true enemy of free society.  According to you, all of the Jews who weren't able to evade the Gestapo in Nazi Germany deserved what they got simply because they got caught, which proved that they were "fucking stupid."  What a great philosophy you hold to. 

Tue, 10/02/2012 - 15:49 | 2849470 RafterManFMJ
RafterManFMJ's picture

Good G-d, do the Jews have to be in every fucking post?

 

"Timmy, would you like an Ice Cream Sundae?"
"Dunno mom, what is the favorite iced milk treat of the Jews?" 

Tue, 10/02/2012 - 22:31 | 2850646 AldousHuxley
AldousHuxley's picture

zoooooooooooooooooooooooos

 

 

Do NOT follow this link or you will be banned from the site!