This page has been archived and commenting is disabled.

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.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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:

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


Prosecutor: Madoff Started Ponzi In 1972

Daytime Bandits Rob Gold From Cali Museum

Copyright Police Sieze Servers In Sweden

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

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

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




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, 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.

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!

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.



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


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


Another domino falls as Hollande pushes France into depression


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


From Currency Debasement To Social Collapse: 4 Case Studies


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


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


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


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


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


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


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


Poll: Plurality say Polls BIASED for Obama


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..

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.

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


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


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


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


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




Tue, 10/02/2012 - 16:00 | 2849515 Boondocker
Boondocker's picture

Well i hope the dirt bag who shot a kid last night while missing a gang banger does go to jail.  course if you want he can come live with you....

Tue, 10/02/2012 - 16:20 | 2849568 Gully Foyle
Gully Foyle's picture


I always love the criminal support, like they all are angels wrongly convicted.

I posted some first hand experiences below.

None of these idiot fucks want criminals in their neighborhood, or associating with their kids, or dating their children.

Fucking hypocrites all.

Tue, 10/02/2012 - 19:06 | 2850069 Maghreb
Maghreb's picture

Not unless they be running a bank or an election campaign. If they slanging they better be working for Glaxo - Pfizer.

Well maybe not this Drug company......

Check that shit before you start going after the petty crooks they got banged up all over.

Tue, 10/02/2012 - 20:35 | 2850313 mvsjcl
mvsjcl's picture

Go away. Really. Just... go away.

Tue, 10/02/2012 - 16:06 | 2849533 Mr. Fix
Mr. Fix's picture

I would up vote you, but your arrow does not work.

Tue, 10/02/2012 - 19:02 | 2850052 Dugald
Dugald's picture

As I understand it the smart ones got to the not so smart.........??????

Tue, 10/02/2012 - 15:22 | 2849355 Timmay
Timmay's picture

War on Drugs = FAIL

War on Obesity = FAIL

War on Terror = FAIL

War on Poverty = FAIL

War on Freedom = Success

Financing all of Americas "Wars" through the criminal banking syndicate to supress freedoms and imprison Americans = BIG GIGANTIC SUCCESS.

You see, when the Government declares are war against you, you are either "with them or against them". Those that are with them ARE criminals, those that are against then ARE criminals too,  but only one side gets locked up? GET IT???

I know plenty of dirtbag criminals, I work in the Financial Industry DOPE.



Tue, 10/02/2012 - 16:01 | 2849520 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

I live in Australia, 1/5th the murder rate of the US with 1/10th the incarceration rate. Maybe it helps that the minimum wage is $16.

And I love the story where some US states were trying to sell prisons to private contractors...and the bidders were demanding the government guarantee a 90% occupancy rate. So the government would have a direct financial incentive to put people in jail.

Does the War on Drugs make sense to you now? The new Prohibition.

Tue, 10/02/2012 - 16:21 | 2849576 Gully Foyle
Gully Foyle's picture


Underbelly badness was pretty good. It really revived the franshise.

We in the US don't have a Chopper Read explainign crime to the genpop.

Tue, 10/02/2012 - 19:07 | 2850072 Dugald
Dugald's picture

You don't have a spell checker either......

Tue, 10/02/2012 - 16:35 | 2849623 barroter
barroter's picture

Occupancy rate. Hit the nail on the head for for profit prisons.  Reminds me of that sleazebag judge in Pennsylvania who was sending kids up the river for kickbacks.

Tue, 10/02/2012 - 16:08 | 2849538 RafterManFMJ
RafterManFMJ's picture

War on N. Vietnam = Fail

War on Iraq = Fail

War on Afghanistan = Fail

War on nouns, IE 'Terrorism' = Fail


Tue, 10/02/2012 - 16:16 | 2849561 Metalredneck
Metalredneck's picture

Spoken like a bankster.

Tue, 10/02/2012 - 16:50 | 2849676 hapless
hapless's picture

They're not in prison for getting caught.  They're in prison for getting convicted.  There's a big difference.  Just ask Corzine.

Tue, 10/02/2012 - 15:08 | 2849297 Savyindallas
Savyindallas's picture

You are really stupid. I was a prosecutor in two major cities for 8 years. The criminal Industrial complex, largely using federal money on the bogus war on drugs  -sets up, entraps and incarcerates about 90% of these "criminals" (usually minority street punks) to pad their statistics so local phony politician District Attorneys can get reelected and their crony friends can be enriched by the trillion dollar criminal industry  - the only time you ever see a major drug bust is when one major cartel backed by one bankster pays off law enforcement to bust another cartel drug lord backed by another bankster  -that is what happened with Fast and Furious.    

Tue, 10/02/2012 - 16:23 | 2849562 Gully Foyle
Gully Foyle's picture


If you were a prosecutor you just indicted yourself via that explanation of how the system works because you were part of that corrupt system for so lomg. You benefited from the same people you are defending now. Did you return your salary? Visit any in prison? reimburse the ones you considered innocent?


Either you are lying or you are a dirtbag.

I've been a criminal. I know criminals.

I've been reformed for decades.

I knew this guy held his wife and infant son hostage. Then he slit all their throats. Wife lived.

The week before I was defending him as a decent person.

I knew another guy took a sawed off shotgun to his ex chicks new man. Spent a long time behind bars.

You want to invite him to your house?

he is also a suspected rapist, you want him alone with the family?

I have a cousin did jail time for rape, came out and raped again. Police wanted to pin the i95 killings on him. For all I know he could be a serial killer.

You want to spend a weekend with him?

maybe let him date your daighter?

Tue, 10/02/2012 - 16:35 | 2849624 Skateboarder
Skateboarder's picture

Your friends are shite. Whatchu doin hangin out with rapists and shit.

*does the shame on you index finger thing*

Tue, 10/02/2012 - 16:40 | 2849653 Gully Foyle
Gully Foyle's picture


Like I said decades ago.

Late seventies I knew this dope dealer got caught selling half an ounce of meth. He disappeared to Fla real quick.

I'm sure he cut a deal.

I knew another guy who got caught twice selling pot out of the booth at two different state parks. He didn't do jail time either. During a previous bust an ounce of coke magically disappeared and he stayed on the streets.

Looking back I knew some sick fucking people and am damned lucky to be alive.

Tue, 10/02/2012 - 17:15 | 2849754 Arisu
Arisu's picture

Did you know that making all of your text bold has the same effect as writing in all-caps?
It is annoying and you're really making yourself look like an idiot – which sadly isn't far from the truth in this case.

Tue, 10/02/2012 - 19:10 | 2850083 Dugald
Dugald's picture

I wonder what it is like to live in a country that is corrupt from top to bottom....

Tue, 10/02/2012 - 22:55 | 2850719 Slightly Insane
Slightly Insane's picture

I wonder what it would be like to live in a country that isn't corrupt from bottom to top?

Anyone know of such a place (anymore)?

Tue, 10/02/2012 - 23:23 | 2850776 Clever Name
Clever Name's picture

I wonder what its like to not live in a country thats corrupt from top to bottom.

Does such a country exist? Costa Rica?

Tue, 10/02/2012 - 15:12 | 2849309 LetThemEatRand
LetThemEatRand's picture

The  majority of prison inmates are there because of petty crimes, mostly drug possession or drug related.  It is now a money making enterprise to imprison non-violent drug addicted people, so more are being put behind bars.  Meanwhile, guys like Corzine and Dimon walk free with no serious risk of ever being charged much less prosecuted.  If I'm an asshole for thinking that our system is broken and that a lot of the current prison population needs opportunity and treatment rather than incarceration, then guilty.  Many European countries have shown that alternatives work better (and cheaper) than throwing people away.

Tue, 10/02/2012 - 15:31 | 2849374 knukles
knukles's picture




Free Martha Stewart

Tue, 10/02/2012 - 22:38 | 2850666 Uncle Remus
Uncle Remus's picture

There is no spoon.

Tue, 10/02/2012 - 15:59 | 2849507 vato poco
vato poco's picture

I have no doubt that a good chunk of, & maybe even most of the folks in prison don't belong in a prison. Between the bullshit war on drugs and the increasing criminalization of....well, of 'everything', (except of course voter/banking fraud), it's way too easy to end up in prison in these here United Police States of Uhmurrica.

OTOH, years & years ago, Richard Pryor did a bit about the time he and Gene Wilder had gone to a prison while they were filming 'Stir Crazy'. He'd gone in there with the attitude that 'most of the brothers here were just fucked over by The Man', so he asked the fisrt guy he saw what he was in for. "Murder." "what happened?" "I kilt some peoples when I wuz robbing they house." "why'd you do that?!?" "Well, they was *home*, see...."

Famous liberal and downtrodden-po'-sympathizer Richard Pryor ended the bit with this line: "Thank GOD for prisons!"


Tue, 10/02/2012 - 16:21 | 2849577 knightowl77
knightowl77's picture

LTER ->"The  majority of prison inmates are there because of petty crimes,"


BS ....some yes, the majority NO, GET A GRIP

Tue, 10/02/2012 - 16:38 | 2849631 ebworthen
ebworthen's picture

In my community they bust kids with a marijuana seed in their pocket and lock them up for six months @ $39 a day.

Meanwhile, illegal Mexicans from drug cartels cook meth in public housing and grow pot in the national parks virtually unfettered.

Tue, 10/02/2012 - 17:07 | 2849733 RockyRacoon
RockyRacoon's picture
American prison labor means longer unemployment lines

Tue, 10/02/2012 - 22:40 | 2850673 Uncle Remus
Uncle Remus's picture

"Look for the Inmate label..."

Wed, 10/03/2012 - 00:27 | 2850900 RockyRacoon
RockyRacoon's picture

Finally!  We have products Made In The USA.

Tue, 10/02/2012 - 17:08 | 2849737 TimmyB
TimmyB's picture

If we sent the police to college campuses and the better parts of our cities do the same "stop and frisk" stuff they do in the poor sections of our cities, our prisons would be filled with middle class kids instead of the poor.

Then the war on drugs would end pretty damn quick.

Tue, 10/02/2012 - 23:59 | 2850828 Widowmaker
Widowmaker's picture

Bull-fucking-shit.  The vast majority of those inmates are there because they couldn't afford a justice-extortion attorney to keep them out. They are there because they are poor.

Weep all you want, the truth is justice is bought and sold with absolute indifference to "laws"  -- no money no justice in the land where taxpayers bailout bank payrolls.

I'll yell it until all you chums on ZH get a fucking clue -- fraud fiat (organized racketeering) is dead.

One day you too will realize the engineered decay of other institutions (like justice) all have the same thing in common --dirty money and a corrupt "financial" system from top to bottom..  

Tue, 10/02/2012 - 15:16 | 2849317 El
El's picture

Oh the case a few years ago where two fisherman off the coast of Florida got six years in prison for breaking a Honduran fishing regulation. I sure wouldn't want that guy living next door to me! Oh and Martha Stewart! Not her, either. Of course, Jon Corzine would be a welcome neighbor. ::: rolls eyes :::

When are you going to wake up to the fact that the Prison Industrial Complex is about making money. Sure, there are plenty of hardened criminals that deserve to be in prison, who I would NOT want living next to me. That said, probably a good 60% or more shouldn't be there. A kid with some pot should not be in prison. That is absurd.

Tue, 10/02/2012 - 16:00 | 2849517 SgtSchultz
SgtSchultz's picture

It is my understanding that the US has an incarceration rate over five times that of the EU.  Highest in the world per capita.

Interesting paper:

Tue, 10/02/2012 - 16:05 | 2849529 walküre
walküre's picture

Building new prisons was part of the Stimulus plan that was sanctioned with Obama's signature. Didn't matter that he signed it though. The other guy would have signed it as well. Empty prisons aren't worth a hoot. So obviously they needed to be filled and quick. Costs the American taxpayer 80k per inmate per year. Jobs for the community where the prisons were built and hey, I'm not suggesting the judges are shareholders in the private corporations which operate the prisons but what do I know...

Expand your mind a bit, gully.

Tue, 10/02/2012 - 16:22 | 2849579 Metalredneck
Metalredneck's picture

Prisons provide cheap labour.  The new plantations.

Tue, 10/02/2012 - 16:39 | 2849649 ebworthen
ebworthen's picture

Yup, company that made U.S. Military uniforms just shuttered because now they are going to make inmates make them.

Tue, 10/02/2012 - 16:51 | 2849684 walküre
walküre's picture

Rethink that statement. Housing inmates at 80k per year so they can work for peanuts is hardly cheap labor. But in this universe the cost of doing business is no longer relevant, I know. Trillions spent to get 2 million off the streets and working. God forbid they would ever just cancel the debt and get people started with a few thousand to just start from scratch.

Tue, 10/02/2012 - 16:52 | 2849683 sessinpo
sessinpo's picture

I really wish ZH would employ a mechanism that would make posts with a certain overwhelming posts disappear.

Don't limit their free speech, but after so many have given their thumbs down, remove their waste. Even if it is my post.

Tue, 10/02/2012 - 17:27 | 2849788 General Decline
General Decline's picture

The posts with lots of down arrows are usually every bit as interesting as the up arrow posts. Maybe not logical, but interesting.

Tue, 10/02/2012 - 18:43 | 2850003 Ms. Erable
Ms. Erable's picture

Before one of the site upgrades, posts with -30 or less (later bumped to -50 IIRC) would be hidden; all of the replies, however, remained visible, making for some interesting speculation if you didn't catch the OP.

Tue, 10/02/2012 - 14:32 | 2849158 Squid Vicious
Squid Vicious's picture

Meanwhile, PPT holding 1440 with every ounce of worthless paper they have, but why? seems like a healthy correction would be great to set up the next ramp job to all time highs?

Tue, 10/02/2012 - 14:43 | 2849164 JustObserving
JustObserving's picture

US government interest payments to China will total at least $26.055 billion this year"

"this year’s interest payment to China totals more than ALL the silver that was mined in the world last year."

US debt and unfunded liabilties increase by $22.9 billion every day ($18.6 billion in unfunded liabilities and $4.3 billion in debt).  That works out to be about 85% of all silver mined last year.

There are a million signs that the system is broken - captured regulators, corrupt politicains, lying media, numerous wars, NDAA, manipulation of markets, fake economic data, riots, infinite QE  - everywhere there are signs that the system is broken beyond repair.

Tue, 10/02/2012 - 15:03 | 2849275 The Navigator
The Navigator's picture

I think you been doing more than Just Observing..... maybe even some thinkin' too?

Tue, 10/02/2012 - 19:08 | 2850075 Jani
Jani's picture



That can land your ass in jail these days.



Tue, 10/02/2012 - 14:36 | 2849168 Flakmeister
Flakmeister's picture

Re: Point 4:  Be grateful we can still pass off paper... that being said, those interest payments effectly buy about ~25% of chinese oil imports...

Tue, 10/02/2012 - 14:42 | 2849183 americanspirit
americanspirit's picture

Two additional signs that the system is irretrievably broken. Obama. Romney.

Tue, 10/02/2012 - 14:53 | 2849221 Gully Foyle
Gully Foyle's picture


Hate to say it but that proves that people are broken.

Congress has something like an 11% approval rating yet the majority will be reelected.

Tue, 10/02/2012 - 16:00 | 2849514 vato poco
vato poco's picture

Don't blame me! *I* voted for Kodos!

Tue, 10/02/2012 - 16:32 | 2849618 americanspirit
americanspirit's picture

My Dear Gully - "but the majority will be re-elected". One word - Diebold.

Gosh, the list of what's broken just keeps growing.

Tue, 10/02/2012 - 16:57 | 2849701 sessinpo
sessinpo's picture

In a rare event, I have to agree with Gully.

Your point does not work americanspirit because the numbers of incumbents re-elected were high before diebold, before internet, before a lot of things. People are apathetic and don't do their research. They are called sheeple, or as Goldman calls them, muppets.

Tue, 10/02/2012 - 16:52 | 2849689 seek
seek's picture

No, it proves the electoral system is broken, not the people. The system is set up by sociopaths, for sociopaths, to filter out anyone that isn't part of the gang.

When you're given two choices, both of which intend to rape you, why fucking vote?

Just as an example, in my state (AZ), independent candidates in most cases have to come up with more than twice the number of petition signatures to get on the ballot as a party-backed candidate. Every step of the way the system is set up to fuck over the people and keep good people out.

Put on top of that the systematic destruction of any passable education paired with flat out bribes in the form of social service funds, and you get a royally fucked system.

Tue, 10/02/2012 - 16:59 | 2849709 sessinpo
sessinpo's picture

You are comparing other people to yourself which makes the point not necessarily true. Do a man on the street with a broad cross section of people and you'll find they are not as educated as you. Even many that think they are, are often ones that only know what is fed to them. You are different which is why you are on ZH. You get different views.

Tue, 10/02/2012 - 14:42 | 2849186 q99x2
q99x2's picture

Its progress down a hole to the ChairSatan's chambers. Some people like to call him Uncle Ben, Gentle Ben, Ben the Benevolent. You know the guy without the testicles sub-servant of the illuminati.

Tue, 10/02/2012 - 14:44 | 2849190 insanelysane
insanelysane's picture

How many people are locked in Foxconn???

Tue, 10/02/2012 - 14:51 | 2849214 Winston Churchill
Winston Churchill's picture

All of them.

Tue, 10/02/2012 - 14:54 | 2849229 insanelysane
insanelysane's picture

Couldn't we just have the prison population build iCrap and keep the money in the US?

Tue, 10/02/2012 - 16:13 | 2849549 RafterManFMJ
RafterManFMJ's picture


How many people are locked in Foxconn???

American responds, "Who cares, where the FUCK is my iPhone5? I must stream Honey Boo Boo tonight!"

Tue, 10/02/2012 - 17:44 | 2849840 General Decline
General Decline's picture

There are only three things I use my IPhone for:

1. The occasional phone call or text.
2. The calculator.
3. Read Zerohedge

Tue, 10/02/2012 - 14:47 | 2849193 Cognitive Dissonance
Cognitive Dissonance's picture

"The Number One Sign That The System Is Broken"

The inmates are running the insane asylum.

<Always have and always will.>

Tue, 10/02/2012 - 14:58 | 2849248 Unprepared
Unprepared's picture

Is that why they call them "bailouts"?

Tue, 10/02/2012 - 14:47 | 2849200 fonzannoon
fonzannoon's picture

Man I just wonder how many Aapl sell limit orders will go off at 649.99

Tue, 10/02/2012 - 14:50 | 2849213 LiesAreTheOnlyTruth
LiesAreTheOnlyTruth's picture

About 1/10th as many buys drawing from the Fed at .5% interest :)

Tue, 10/02/2012 - 15:02 | 2849273 Squid Vicious
Squid Vicious's picture

but the "option monster" pony-tailed CNBS dipshit said to buy it with both fists at 676... now i only have a half a fist left

Tue, 10/02/2012 - 15:07 | 2849292 fonzannoon
fonzannoon's picture

yes he speaks fluent dipshit. Translated he was saying please god please buy it from me.

Tue, 10/02/2012 - 15:37 | 2849402 Squid Vicious
Squid Vicious's picture

ok, then i better start listening to the little greaseball guy Joey T, seems like he knows everything... kind of like the guy who changes my oil

Tue, 10/02/2012 - 15:37 | 2849403 knukles
knukles's picture

Cramer and his Option Nerds.
Mindy/Mandy Boobsalot
Stegosaurus Kernan
Beckey Quit
That Skinny Little Wall Street Apologist Twat Whateverhisnameis

I'm Bozoz the Clown.  I am American Bidnez, I watch CNBS

Tue, 10/02/2012 - 14:49 | 2849208 LiesAreTheOnlyTruth
LiesAreTheOnlyTruth's picture

The government, wall street and the populous is like two wolves and a chicken deciding what is for dinner.

Tue, 10/02/2012 - 15:00 | 2849256 LULZBank
LULZBank's picture

You must be new here... We've been through that parable long ago... :D

Tue, 10/02/2012 - 15:25 | 2849361 pods
pods's picture

Okay, new analogy:
It is like scrawny "new fish" jailbird, and cellmate Bubba "Tripod" Smith (the man who won the 3 legged race all by himself) deciding on what to do for entertainment after lights out.



Tue, 10/02/2012 - 15:39 | 2849408 knukles
knukles's picture



Wonderfully twisted.

Tue, 10/02/2012 - 14:55 | 2849230 Hedgetard55
Hedgetard55's picture

When was it not broken?


Anyway, another sign... when Ben printed that first dollar with QE1, that sealed the dollar's fate.

Tue, 10/02/2012 - 15:45 | 2849433 knukles
knukles's picture

When a Princeton Neo-Keynesian specializing in the Great Depression was nominated to the Chair of the Board of Governors.

How many fucking times over how many fucking years must I repeat myself that he's not a Specialist in Monetary Policy. 
He's an academic Keynesian who therefore only understands MORE
A kindred spirit of the Great Malevolent Krugman.
Who in turn shares the Ignoble Prize for Something or Other with a Fucking Warmonger.


Jesus H Fucking Christ!


Ya'll want somebody who understands monetary economics and policy, go get Paul Volcker!

Tue, 10/02/2012 - 18:06 | 2849911 Karl von Bahnhof
Karl von Bahnhof's picture

It does not matter at all Knuckles, bennie is now in geopolitics, flooding the world with bucks as a final weapon of mass destruction. This has nothing to do with Umurika, rather with shooting the new paradigm into the leg.

Tue, 10/02/2012 - 14:57 | 2849240 Lord Drek
Lord Drek's picture

Who's to say whether America will suddenly "collapse" in a fiscal day of reckoning, or in a long, protracted and painful deterioration? That's honestly what worries me the most. If collapse must happen, let it happen quickly.

Tue, 10/02/2012 - 14:57 | 2849243 Bicycle Repairman
Bicycle Repairman's picture

We're not fixing the system.  We're getting a shiny new one.

Tue, 10/02/2012 - 15:00 | 2849253 CPL
CPL's picture

Built from old rotten parts.


Should work as well as expected.

Tue, 10/02/2012 - 14:58 | 2849245 Joe A
Joe A's picture

Zimbabwe's inflation is 3.63%, lower than the UK (Zimbabwe is not the UK, said Mugabe). But Zimbabwe prints money so why don't they have big inflation (anymore)?

Tue, 10/02/2012 - 15:04 | 2849282 CPL
CPL's picture

Would you rather pay interest at 3.63% on Quadrillions of Z-bux?

Would you rather pay interest on 3.69% on Billions?



Scale is the difference.  The interest rate after 9 zero's are tacked on any number is exponential.  It means in 34 months both money supplies will double.  The math just will never allow any society to get away with anything from that point forward.

Tue, 10/02/2012 - 15:18 | 2849332 LULZBank
LULZBank's picture

But you're still getting a good rate bro...

Tue, 10/02/2012 - 15:36 | 2849398 Joe A
Joe A's picture

You are right but they promised us imminent collapse of Zimbabwe's society. They are probably not is a good shape but they are still there.

Tue, 10/02/2012 - 15:02 | 2849268 Jayda1850
Jayda1850's picture

Based on the Treasury’s most recent statistics, US government interest payments to China will total at least $26.055 billion THIS YEAR.

Didn't they get the message. Helicopter Ben is printing 1.5x that EVERY MONTH! How long before these foreign treasury investors just throw up their hands and just say fuck it. Though I'm sure by that time the FED will be buying 100% of issuances anyway.

Tue, 10/02/2012 - 15:18 | 2849335 NotApplicable
NotApplicable's picture

This was the first thing I thought of when I read that line, though didn't I read here where they adjusted it up to $60B?

Tue, 10/02/2012 - 15:21 | 2849349 Jayda1850
Jayda1850's picture

$85bn if you include twist if I'm not mistaken

Tue, 10/02/2012 - 15:05 | 2849288 max2205
max2205's picture

give me my POMO BITCH!

Tue, 10/02/2012 - 15:12 | 2849311 BrigstockBoy
BrigstockBoy's picture

9) The Fed has indicated it will print to eternity.

Tue, 10/02/2012 - 15:39 | 2849383 LouisDega
LouisDega's picture

Bert Reynolds in Deliverance. Forty years ago. Very deep

Tue, 10/02/2012 - 15:34 | 2849390 Ignorance is bliss
Ignorance is bliss's picture

One sign the system is broken: Record gun and amo sales in the U.S.

Tue, 10/02/2012 - 16:00 | 2849511 QQQBall
QQQBall's picture

record ammo sales


To Homeland Security?

Tue, 10/02/2012 - 15:39 | 2849412 dojufitz
dojufitz's picture

I heard in Portugal it is now no longer a criminal offence to be found with heroin....the govt instead offer you free health care and support to get off the of the consequences is the prisons are now so empty some of them have to this such a bad idea?

Tue, 10/02/2012 - 17:08 | 2849735 sessinpo
sessinpo's picture

However they forgot to included that another social program would bring Portugal's debt higher. "Free" health care is not free. At some point someone has to pay. The EU has already given $78B Euro to Portugal. And like many other European nations, the debt to GDP is growing because economies around the world are declining.


Eventually the war on drugs will have to end simply because of financial reasons, there is no money to pay for it.

Tue, 10/02/2012 - 15:40 | 2849413 blabam
blabam's picture

UK is not Zimbabwe.

Tue, 10/02/2012 - 15:42 | 2849427 Ignorance is bliss
Ignorance is bliss's picture

U.K. is not Zimbabwe...yet

Tue, 10/02/2012 - 15:42 | 2849429 debtor of last ...
debtor of last resort's picture

The first day that someone mentioned the words 'job creation' was the day we were doomed already. Creating work, even monkeys don't do that.

Tue, 10/02/2012 - 15:51 | 2849478 CvlDobd
CvlDobd's picture

Simon, have link or a source in that first point regarding prisoner ratios? Interesting.

Tue, 10/02/2012 - 16:09 | 2849510 JR
JR's picture

The grande finale that will end the system:

Bernanke is playing with explosives. Reggie MIddleton got it right. The banks are under again and they can’t be saved.

Atlantis Consigliore presents this visual of just how much Dr. Bernanke loves you:

Tue, 10/02/2012 - 16:11 | 2849546 ebailey5
ebailey5's picture

Just retired from 10 years working in State prison system.  The prison system just takes what the court sends--17% of the new inmates have a treatable mental illness, all sorts of complex medical problems that are immeasurably more complicated to manage while locked up and court systems (largely responsible for over half the problem) very open to deliberate indifferences claims by those inmates they locked up in the first place.  Net net:  the tax payers are punished economically because the criminal justice system can't figure out a way to sort out who needs to be incarcerated vs. who can be managed alternatively (and more cost effectively).

Tue, 10/02/2012 - 18:36 | 2849990 steveo77
steveo77's picture

I can imagine that whole system is a nightmare, how did you stand 10 years?

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