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Guest Post: Eight Signs The System Is Broken
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.
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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9) The media is owned by the oligarchs
10) This is a sign the system is broken in one picture: http://3.bp.blogspot.com/-6qhVTCsf8Ks/T3sYdudvAoI/AAAAAAAAAXQ/eb4IXpbpOt...
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/
https://www.mail.com/scitech/news/1600300-fraud-growing-scientific-paper...
Fraud growing in scientific research papersBecause there are more risks at losing government grants, so they lie.
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.
Would give you +100 for this comment if I could.
12) I get a Vote Up...
13). Bubble Ben says "this time" he'll "fix it" but keeps coming the fuck back ....QE f'n 13 and counting..
14). When I'm reading an article by SIMON BLACK about 'why' we're fucked... We're BEYOND fucked...
15) You push the button but nothing happens... uuuhhhmmm... wait... no... uuuuhhh... nevermind
15) When I'm agreeing with an article of Simon Black, the world truly must be triplefucked
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
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...
Excep that there are no charges. The original Swedish judge threw out the case and another judge took it up.
If at first you don't succeed, try, try again.
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.
They would dare...
To quote Samuel Jackson of late...wake the fuck up.
It is very close to Blackfriar's Bridge, where Calvi was found hanged.
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#!
Hard to believe, but its right there in plain sight. Anyone saw that in the MSM?
Ambasadors are a dime a dozen, a really big contribution can get you there. There is only one Assange.
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...
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
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.
I hope you post here more often.
Hi Teri. I love the work you do.
...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
She's dead meat...sigh. No more heros.
Looks like turrurrists to me...
http://www.der-terrarist.de/
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
Except this site, which allows clowns to post and to comment. [snaps pig bladder]
i.e. The post to which this is a reply to.
well stated. now take off your red nose and oversized shoes.
A Rotten Ronnie Troll. Delightful.
Puta.
masaccio - Things slow at the S.E.C. today?
Temporalist
The media has ALWAYS been owned by the oligarchs.
Where the fuck you been?
"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.)
And how many criminal Banksters per 100,000 citizens ?
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.
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.
LTER don't make this douche's day by acknowledging him
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.
Riiiiight. Because smoking pot is SO criminal......
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.
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.
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?"
zoooooooooooooooooooooooos
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....
Boondocker
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.
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......
http://en.wikipedia.org/wiki/Death_of_Rebecca_Zahau
Check that shit before you start going after the petty crooks they got banged up all over.
Go away. Really. Just... go away.
I would up vote you, but your arrow does not work.
As I understand it the smart ones got out....as to the not so smart.........??????
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.
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.
OpenThePodBayDoorHAL
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.
You don't have a spell checker either......
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.
War on N. Vietnam = Fail
War on Iraq = Fail
War on Afghanistan = Fail
War on nouns, IE 'Terrorism' = Fail
Gully, read..
http://www.pbs.org/wgbh/pages/frontline/shows/dope/interviews/schlosser....
Spoken like a bankster.
They're not in prison for getting caught. They're in prison for getting convicted. There's a big difference. Just ask Corzine.
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.
Savyindallas
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?
FUCK NO YOU DIDN'T!
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?
Your friends are shite. Whatchu doin hangin out with rapists and shit.
*does the shame on you index finger thing*
Skateboarder
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.
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.
I wonder what it is like to live in a country that is corrupt from top to bottom....
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)?
I wonder what its like to not live in a country thats corrupt from top to bottom.
Does such a country exist? Costa Rica?
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.
Free Martha Stewart
There is no spoon.
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!"
LTER ->"The majority of prison inmates are there because of petty crimes,"
BS ....some yes, the majority NO, GET A GRIP
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.
http://www.foxnews.com/us/2012/09/16/american-prison-labor-means-longer-...
"Look for the Inmate label..."
Finally! We have products Made In The USA.
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.
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..
Oh definitely...like 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.
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:
http://www.nccdglobal.org/sites/default/files/publication_pdf/factsheet-us-incarceration.pdf
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.
Prisons provide cheap labour. The new plantations.
Yup, company that made U.S. Military uniforms just shuttered because now they are going to make inmates make them.
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.
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.
The posts with lots of down arrows are usually every bit as interesting as the up arrow posts. Maybe not logical, but interesting.
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.
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?
" 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.
I think you been doing more than Just Observing..... maybe even some thinkin' too?
<<<thinkin'>>>
That can land your ass in jail these days.
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...
Two additional signs that the system is irretrievably broken. Obama. Romney.
americanspirit
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.
Don't blame me! *I* voted for Kodos!
My Dear Gully - "but the majority will be re-elected". One word - Diebold.
Gosh, the list of what's broken just keeps growing.
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.
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.
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.
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.
How many people are locked in Foxconn???
All of them.
Couldn't we just have the prison population build iCrap and keep the money in the US?
How many people are locked in Foxconn???
American responds, "Who cares, where the FUCK is my iPhone5? I must stream Honey Boo Boo tonight!"
There are only three things I use my IPhone for:
1. The occasional phone call or text.
2. The calculator.
3. Read Zerohedge
"The Number One Sign That The System Is Broken"
The inmates are running the insane asylum.
<Always have and always will.>
Is that why they call them "bailouts"?
Man I just wonder how many Aapl sell limit orders will go off at 649.99
About 1/10th as many buys drawing from the Fed at .5% interest :)
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
yes he speaks fluent dipshit. Translated he was saying please god please buy it from me.
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
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
The government, wall street and the populous is like two wolves and a chicken deciding what is for dinner.
You must be new here... We've been through that parable long ago... :D
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.
Better?
pods
LOL
Wonderfully twisted.
When was it not broken?
Anyway, another sign... when Ben printed that first dollar with QE1, that sealed the dollar's fate.
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.
Aaaaaaaagggggggrrrrrrrrrrrgaaaaaaaaaaaagh!
Jesus H Fucking Christ!
Ya'll want somebody who understands monetary economics and policy, go get Paul Volcker!
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.
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.
We're not fixing the system. We're getting a shiny new one.
Built from old rotten parts.
Should work as well as expected.
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)?
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.
But you're still getting a good rate bro...
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.
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.
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?
$85bn if you include twist if I'm not mistaken
give me my POMO BITCH!
9) The Fed has indicated it will print to eternity.
Bert Reynolds in Deliverance. Forty years ago. Very deep
http://www.youtube.com/watch?v=g9LVRHigxiE
One sign the system is broken: Record gun and amo sales in the U.S.
record ammo sales
To Homeland Security?
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 habit....one of the consequences is the prisons are now so empty some of them have to closed....is this such a bad idea?
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.
UK is not Zimbabwe.
U.K. is not Zimbabwe...yet
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.
Simon, have link or a source in that first point regarding prisoner ratios? Interesting.
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: http://youtu.be/ICPmZkK3PaY
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).
I can imagine that whole system is a nightmare, how did you stand 10 years?