The 'Moments' Of Our Lives

Tyler Durden's picture




 

Via Mark J. Grant, author of Out of the Box,

“You do not remember the days; you remember the moments.”
 
                         -The Wizard
 
We have had two Greek moments, a Portuguese moment, an Irish moment and we are about to possibly have the “moments of our lives” during the next two weeks. America’s primary moment will be tomorrow when the people of the United States exercise their constitutional right and choose a President and a significant amount of the members of Congress. One thing that can be said with certainty is that we have a choice and a real choice. In my mind it is not just a decision of the typical Democratic or Republican politics but a choice between a far more Socialist administration and a Capitalistic option. I find neither choice to be either far left or far right but it is a clear choice without doubt. Personally I am in favor of a safety net for every American but I am not in favor of so many social programs that there is a clear transference of capital from those who have succeeded to those that have not. I also find Mr. Obama’s attacks on Wall Street, on banks and on those who have stood on their own two feet and made something of themselves to be offensive and outside of what I consider to be a core American value which is to applaud and respect those that have worked hard and gained. Finally my decision was molded by politics at the very local level, my house, where you can only spend what you can afford and not a penny more and the policies of the last four years, in my view, have violated that principle. Thus I made my choice. Tomorrow will be a significant moment in time.
 
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness.
 
Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
 
             -Charles Dickens, David Copperfield
 
While America turns inward and pays attention to very little else besides our election on Tuesday we may well find ourselves peering outward on short notice. We are told by Greece that they have one week on money left to pay their bills. Here we are on the brink and it is still not clear if the IMF will fund the next tranche or if a number of countries in Europe will pony up either. If there is an extension of Greek terms it is still unknown who is going to pick up the tab for another $40-45 billion that will be required to implement that plan. Back in Athens it is still quite murky whether there are enough votes available to pass the new round of austerity measures demanded by the IMF and the EU. We will have a new moment with all of this without question but the sound of it may very well be heard as a BIG BANG as the friction on the Continent causes a fire to rage out of control where Greek politics or European politics erupts as the long and winding road finally reaches its end. I advise that you pay attention here; decisions will be made as forced by the financial condition of Greece and can kicking is no longer an operative solution now. I predict it will get ugly and real ramifications will cause real shudders and I would be prepared for what must now come as the financial hurricane of Europe hits the shores in Athens.
 
“It was as if, at moments, we were perpetually coming into sight of subjects before which we must stop short, turning suddenly out of alleys that we perceived to be blind, closing with a little bang that made us look at each other--for, like all bangs, it was something louder than we had intended--the doors we had indiscreetly opened.”
 
                        -Henry James, The Turn of the Screw
 
In the meantime one of the Danish banks, after inspection by their central bank, went bankrupt over the weekend. Spain reported out their unemployment rate today which exploded by another 2.7% in just one month. Spain will soon be forced to its knees by their regional debt, by their banks while the ECB is under fire that they lent money to the Spanish banks in an inappropriate and perhaps illegal fashion. I consider the next two weeks to be a moment of “critical mass” where a systemic explosion is not out of the question nor even an outlier given our current circumstances. Grant’s Rules 1-10 “Preservation of Capital” should be uppermost in your minds now and I would suggest a healthy amount of liquidity during this time period. Watch, especially, your counterparty risk and be mindful of the implications of a Greek default because this baby could crawl either way and in a hurry.
 
“She stood for some moments gazing at the sisters, with affection beaming in one eye, and calculation out of the other.”
 
             -Charles Dickens, Martin Chuzzlewit

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Mon, 11/05/2012 - 15:36 | 2949429 TonyCoitus
TonyCoitus's picture

The "can can" ALWAYS be kicked one more time.  Just one more dance please.

Mon, 11/05/2012 - 15:44 | 2949463 CrockettAlmanac.com
CrockettAlmanac.com's picture

If anyone believes that Romney can or will do a single thing to contract the long downward slide of empire (especially while maintaining the safety net which is guaranteed to bankrupt the nation within decades) they've got to be crazy.

Put's me in the mind of this:

The White Horse Prophecy is a statement purported to have been made in 1843 by Joseph Smith, Jr., founder of the Latter Day Saint movement, regarding the future of the Latter Day Saints (Mormons) and the United States of America. The Latter Day Saints, according to the prophecy, would "go to the Rocky Mountains and ... be a great and mighty people", identified figuratively with the White Horse described in the Revelation of John. The prophecy further predicts that the United States Constitution will one day "hang like a thread" and will be saved "by the efforts of the White Horse".[1]

 

http://en.wikipedia.org/wiki/White_Horse_Prophecy

Mon, 11/05/2012 - 15:48 | 2949477 john39
john39's picture

Mormonism is a blend of free masonic teachings with Christianity... which should not be surprising since Joseph Smith and other early Mormon church leaders were free masons.

Mon, 11/05/2012 - 16:02 | 2949524 Precious
Precious's picture

"Do not arouse the wrath of the great and powerful Oz. I said come back tomorrow." - The Wizard ... of Oz

Mon, 11/05/2012 - 16:23 | 2949596 Hard1
Hard1's picture

No cares about US parties. Specially about the idiotic Republicans even if in their hipocrisy they claim to have God on their side.

Mon, 11/05/2012 - 16:46 | 2949704 no taste
no taste's picture

Dear Mark Grant,

Your article is stupid.

The brilliant Banzai can explain in pictures.  http://www.zerohedge.com/contributed/2012-11-05/erection-day-2012-illusions-choice

If you still think there is anything good about Mittens, you might consult. http://dearmreastwood.weebly.com/

Have a nice illusion!

Tue, 11/06/2012 - 01:03 | 2950985 Hard1
Hard1's picture

Hey look! I got junked 5 times by red voters!!

Mon, 11/05/2012 - 16:03 | 2949535 kaiserhoff
kaiserhoff's picture

Other free masons include George Washington, Thomas Jefferson, damn near all of the founding fathers, and my father. It was, and is, largely a drinking society, and an excuse to get out of the house once or twice a month.  Grow up.

Mon, 11/05/2012 - 16:14 | 2949555 Precious
Precious's picture

Freemasonry is the Ladies Auxiliary Club of Judaism.

Mon, 11/05/2012 - 16:16 | 2949582 john39
john39's picture

sure looks like they spent a lot of money building that 'beer drinking club' in the first link...  /s

Mon, 11/05/2012 - 16:22 | 2949591 kaiserhoff
kaiserhoff's picture

No Jews allowed, or Catholics for that matter.

Now the Shriners, the really old dudes with the funny hats and the little cars, that's who you tin hats should really fear.

 

Mon, 11/05/2012 - 17:19 | 2949806 knukles
knukles's picture

Rotarians, too.
Throw in a YMCA here and there, a Boy Scout troop, buncha alter boys, Jerry Sandusky and pretty soon ya' got yer ass a real party!

Which reminds me. 

A priest, lawyer and a buncha little boys were on a flight when they heard the captain announce that they were going to crash and die.  Captain has the proverbial parachute for himself and just 2 more.  He hands the two extras to the priest and jumps. 
The lawyer tries to grab one from the priest and the priest says "But what about the underage boys?" 
To which the lawyer says "Fuck 'em"
And the Priest asks "Is there enough time?"

Mon, 11/05/2012 - 17:47 | 2949896 kaiserhoff
kaiserhoff's picture

Monday Night Football = Hurricane Bowl (New Orleans/Philly)

Good reason to drink, as is tomorrow.

 

Mon, 11/05/2012 - 16:12 | 2949563 john39
john39's picture

>>largely a drinking society

true, but only at the lower levels... at the higher levels, free masonry is something entirely different.  They preserved certain knowledge and teachings... that could be used for good or evil, like anything else, it all depends on who is in charge and how they use the knowledge.

 

Mon, 11/05/2012 - 16:26 | 2949585 Precious
Precious's picture

... a beer drinking club, like Vatican is a wine drinking club.

Mon, 11/05/2012 - 16:20 | 2949594 NotApplicable
NotApplicable's picture

Of interest to note: All it takes for evil to prosper is for good men to drink free beer.

Mon, 11/05/2012 - 16:23 | 2949603 crusty curmudgeon
crusty curmudgeon's picture

"There's no such thing as a free beer!"  -Malt N. Friedman

Mon, 11/05/2012 - 16:26 | 2949614 john39
john39's picture

rothschilds were in the booze business before they discovered money printing...

Mon, 11/05/2012 - 16:43 | 2949695 laughing_swordfish
laughing_swordfish's picture

Inaccurate.

While Brother George Washington was a Freemason (probably the most famous of American Freemasons), and Benjamin Franklin was also (he was Master of a French Lodge while serving as representative of the rebelling colonies to France), Thomas Jefferson was not, for the reason that he could not honestly profess faith in a Supreme Being.

While it IS true that many of TPTB have been or are Freemasons, it is also not true that it is a "drinking club" - the only Masonic body where a lort of drinking and partying take place is the Shriners.

 

Just to point out.

 

Laughing Swordfish

Past Master F&AM (California)

 

Mon, 11/05/2012 - 16:53 | 2949725 Precious
Precious's picture

Dan Brown wants to know if GW was really your brother.

Mon, 11/05/2012 - 17:21 | 2949820 knukles
knukles's picture

One of my buds was drunk and kept asking the mule if Obey was related.

Mon, 11/05/2012 - 21:05 | 2950466 stocktivity
stocktivity's picture

"can kicking is no longer an operative solution now"

like hell....but thanks for the laugh Mark


Mon, 11/05/2012 - 18:05 | 2949952 Ying-Yang
Ying-Yang's picture

Tyler.. the little kick the can graphic looks cool can you show a larger version?

Mon, 11/05/2012 - 22:03 | 2950600 midtowng
midtowng's picture

Grant is delusional.

Romney would do nothing more than continue and expand the domination of Wall Street over the economy and over Washington.

Mon, 11/05/2012 - 15:59 | 2949523 OpenEyes
OpenEyes's picture

"One thing that can be said with certainty is that we have a choice and a real choice."

 

Yeah, pretty much stopped reading right there.  

Mon, 11/05/2012 - 16:16 | 2949569 crusty curmudgeon
crusty curmudgeon's picture

Haven't you been watching the commercials? 

Obama supports job creation while Romney supports more jobs! 

Mon, 11/05/2012 - 19:05 | 2950134 prains
prains's picture

on banks and on those who have stood on their own two feet and made something of themselves to be offensive and outside of what I consider to be a core American value

 

the author of this article forgot to take his anti-fucktoid pill this morning before putting pen to paper

please somebody post the bail out costs to taxpyers given to banks

Mon, 11/05/2012 - 23:18 | 2950788 Totentänzerlied
Totentänzerlied's picture

And no one has asked, "since fucking when was is the president's job, or the job of any fucking person working for the executive or any other branch of government for that matter, to be involved "creating jobs"; show me where it says that is a presidential responsbility in the Constitution."

Same with every damn Senate and House campaign ad.

In fact, just how many of the MSM's favorite issues are really the prerogative of the president or executive branch or government at large AS PER THE CONSTITUTION? Healthcare isn't, job creation isn't, abortion isn't, science education isn't, energy "policy" isn't, gun "control" is pretty clearly defined within the Bill of Rights, etc. etc. etc.

The fact that either candidate/party includes these issues in their platform shows what a farcical comedy the entire premise of this country's federal political system really is today.

All these attack ads, every single one, implicitly assumes that the issues they raise are somehow the prerogative of some part of the federal government. This is simply a categorically false premise for anyone who (foolishly but understandably) beleives the Constitution is the supreme legal document and political authority of this country.

The only federal politician I know of who has hinted at or even suggested as much is one Dr. Ron Paul, and for this he was crucified and excommunicated by the political machine.

The idiotic voters of all stripes save for one-that-shall-not-be-named neither question nor even think to question the assumed minor premise that Obama or Romney have any fucking place creating jobs (straight face = denied) or otherwise meddling in the labor market in any way, shape, or form. And not a peep from any pundit or analyst or expert.

When you hear "Obama supports job creation" or "Romney supports more jobs" just realize that what is actually being said is: X supports more interference in the (labor) market which means more spending which means taxes and/or debt and more so-called "unintended*" economic consequences.

*About as unintended as Larry "Pull It" Silverstein's infamous remark.

Mon, 11/05/2012 - 21:13 | 2950484 stocktivity
stocktivity's picture

My wife just told me "Don't forget to vote on your way home from work". I live in NY State. All the electoral votes have been counted as Democratic since the previous election. My vote for Romney is a complete waste of time, gas, and aggravation....but "Ok dear". Ohio will decide for the whole freaking country...America the beautiful...God shed His grace on thee.

Mon, 11/05/2012 - 16:51 | 2949726 The trend is yo...
The trend is your friend's picture

please fill up the punch bowl as well

Mon, 11/05/2012 - 18:10 | 2949960 Ying-Yang
Ying-Yang's picture

I think as soon a the elections are over we should start the campaigning for 2014 and 2016. Think of all the MSM analysts that would not collect unemployment or be added to the President's cabinet. Conservative Progressive thinking No? /s

Mon, 11/05/2012 - 15:38 | 2949433 Chuck Bone
Chuck Bone's picture

No matter who gets elected, the amount of government debt will continue to increase geometrically until the bond market revolts. This is simply because there is no other way to prevent the inevitable economic contraction that MUST occur due to the previous 30 year bull market "growth" in asset prices (aka inflation) fueled entirely by credit issuance / pulled-forward demand.

All that credit-money creation / leverage works so well when asset prices are increasing, but the moment prices start going down your losses get magnified and you are toast. Banks have been shorting our currency for years, lending out far more in capital than they have in deposits. They are the ones that must fear deflation, and they are the reason the Bernank is printing like mad to prevent it.

Mon, 11/05/2012 - 15:55 | 2949505 CPL
CPL's picture

http://www.accuweather.com/en/weather-news/powerful-noreaster-to-further/1135940

 

And deal with the Nor'Easter slamming into Boston, NYC and Jersey on Weds.

Mon, 11/05/2012 - 16:05 | 2949542 odatruf
odatruf's picture

Why will it matter if the bond market revolts when the Fed buys 3 out of every 4 debt instruments sold by the government? Will picking up that last 1 matter?

Your line of thinking should be true and would be true in normal gravity environment. But we have long since left Kansas, dear Chuck Bone.

Mon, 11/05/2012 - 16:25 | 2949609 NotApplicable
NotApplicable's picture

Excuse me, but... geometric growth of government debt insures there can be no bond market left to revolt. Otherwise, it would've revolted when it had a chance.

Any and all other sources of competing "wealth" have been rendered insignificant as compared to the tsunami of debt both issued, and purchased in your name.

Mon, 11/05/2012 - 16:52 | 2949729 MachoMan
MachoMan's picture

Exactly, if the FED has to buy 80% of the market, then the market has already effectively revolted... 

Mon, 11/05/2012 - 21:56 | 2950581 DaveyJones
DaveyJones's picture

next comes the people

Mon, 11/05/2012 - 15:37 | 2949435 Aguadulce
Aguadulce's picture

Like sand through the hourglass bitches!

Mon, 11/05/2012 - 15:53 | 2949492 CrockettAlmanac.com
CrockettAlmanac.com's picture

Didn't Socrates say that? Sixty-nine, dude!

Mon, 11/05/2012 - 15:58 | 2949521 eduard khil
eduard khil's picture

All we are is dust in the wind, dude.

Mon, 11/05/2012 - 15:38 | 2949440 stinkhammer
stinkhammer's picture

Well shake it up now, Sugaree
I'll meet you at the jubilee
And if that jubilee don't come
Maybe I'll meet you on the run

Mon, 11/05/2012 - 15:41 | 2949447 SemperFord
SemperFord's picture

"I also find Mr. Obama’s attacks on Wall Street, on banks and on those who have stood on their own two feet and made something of themselves to be offensive and outside of what I consider to be a core American value"

Are you serious??? Not only do the majority of these people not provide anything of value and create money out of thin air, Some(not all) are making the American people poor through inflation. Lay off the drugs because no matter what Obama says he is but a puppet and will support his masters.

Mon, 11/05/2012 - 15:54 | 2949502 MiltonFriedmans...
MiltonFriedmansNightmare's picture

You beat me to the punch Semper, Obama is the best friend the bankster ever had, well, maybe next to  Woodrow Wilson.

Who is this Grant guy anyway?  Obviously no relation to James.

Mon, 11/05/2012 - 16:03 | 2949512 Kitler
Kitler's picture

+1000

This Grant guy is a complete assclown.

Obama saved the corrupt banks lock stock and barrel but the banks have left him for the greener pastures of Romneyland where onerous regulations on Wall St. will be removed.

A pox on Obama and Romney both. Although I do think it best to vote Romney to bring this shitshow down faster before the 'security' state is 100% operational.

Mon, 11/05/2012 - 16:29 | 2949623 NotApplicable
NotApplicable's picture

I'm of the opinion that the speed of collapse is no longer subject to puppetary posturing (if it ever was).

Mon, 11/05/2012 - 17:56 | 2949922 CrockettAlmanac.com
CrockettAlmanac.com's picture

Who is more likely to accept Bibi's invitation to dance? That could have some bearing on things. This post is intended for entertainment purposes only and should not be viewed as an endorsement of any kind.

Mon, 11/05/2012 - 23:38 | 2950821 Totentänzerlied
Totentänzerlied's picture

"Who is more likely to accept Bibi's invitation to dance?"

Mitrack Obamney.

<<Romney appeals to Zionist/anti-Islamic/jingoist fundamentalists and their ilk while Obama appeals to Zionist/crypto-anti-Islamic/"humanitarian intervention" progressives and their ilk. It's a very polarizing issue, don'tcha know! Support for Israel under Red Team presidents: unwavering; but under Blue Team presidents: steadfast>>

Mon, 11/05/2012 - 16:53 | 2949735 MachoMan
MachoMan's picture

I have this sneaking suspicion that obama will do just fine at speaking arrangements and collecting his government check and various accounts squirreled throughout the world

Mon, 11/05/2012 - 16:20 | 2949592 Skateboarder
Skateboarder's picture

"The banking cartel consists of honest, hardworking Americans tryna feed their families, alright."

So is this fool paid to write this shit, or is he genuinely dumb?

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