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Guest Post: Welcome To The Nuthouse: How Private Financial Fiat Creates A Public Farce

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Submitted by Of Two Minds contributing author Zeus Yoammouiannis

Welcome to the Nuthouse: How Private Financial Fiat Creates a Public Farce

Nothing succeeds like failure when you are a big bank. We’ve already seen that. Too many articles have already been written about that.

Heads, the big banks win through their hugely profitable derivatives and other fake wealth vehicles on the way up the phony growth curve.

Tails, you, the citizen, loses as you are forced to redeem this toxic trash for real money in the form of government bailouts and Federal Reserve purchases as fake value collapses.

“O, the inhumanity, O the injustice.”

Hey, we get it. You can stop pounding the drums. Bring on Act II: “The current anti-capitalist farce and its riotous effects.”

Capitalism turned on its head

What happens to functioning capitalism when its core operating principles of value and money, risk, private property, profit, supply and demand, price discovery, transparency and accountability, productivity, and exchange of worth can selectively be erased on the whim of self-interested, politically connected players?

What happens when every standard of the game is turned upside-down by rule-rigging fat cats and then cravenly excused by international governments, prosecutors, and regulators? You get a leaky economic charade riding on a sea of debt bailed out with “expert” psycho-babble, high-level cheerleading, and government assurances that sound more each day like sick punch lines to bad jokes:

• “Deficits don’t matter.”
• “The recession has ended.”
• “The weak dollar is good for trade.”
• “Debt just needs to be ‘restructured.’”
• “We just need more government stimulus spending.”
• “Federal zero interest rate policies (ZIRP) help everyone.”
• “Unemployment is down.”

Enough of the minstrel show and its official nonsense. Here is the real deal on the current corporate/government war against capitalism:

Farce #1: “Market value” and “free markets” have become a joke.

In order for “value” to have financial value in the free market it, 1) must have real worth to someone else, and 2) must be freely chosen. The whole point of a market is that people choose according to their desires and needs, not yours. No one is entitled to a profit.

That’s what “market value” and “free market” mean. Other people, known as “the public,” interactively determine what your asset, good, or service is worth. You may think something is financially worth a lot. If others do not, it’s not worth squat.

If you can merely create private fiat by assigning your own value to your “assets” and products and then force others to buy them, there is no valid market value or free market. It is simply financial dictatorship.

Farce #2: Private, self-assigned, fake value is being traded for public money at 100 cents on the dollar.

Even basic monetary standards for public exchange of value no longer apply. Now big banks have been given the executive go-ahead to self-assign value to their assets at any price they choose. This is called “market to model” (i.e. profitable lying with complicated mathematical formulas).

This violation of capitalism comes not only in refusing to allow the market to determine price of assets, but in forcing the public through government capture to pay for “impaired private assets” with “real” public money at 100 cents on the dollar!

This is nothing more than the exchange of publicly accepted money for worthless, private, counterfeit crap.

Farce #3: Printed money is backed by nothing.

However, what “value” does that public money have? What is the current U.S. dollar tied to? Nothing of worth. It refers to no credible public asset, good, or service. The Treasury and the Fed are just printing money, period.

The abstract future ability of the U.S. to pay off an exponentially increasing debt amid a long-term contracting economy is not even close to being a plausible substitute. If that money was invested in infrastructure, perhaps a case could be made, but can you name even one project that the 800 billion dollars of “stimulus spending” has funded?

In order for money to be a credible marker of exchange it must be tied to an asset, good, or service that has collectively established worth (i.e. commodities, present and future national productivity, or local networks of exchange of services and goods).

Current money needs to become rebased in things that produce value, that preserve and enhance present and future life. At bottom, neither banks nor governments are doing that, and if anything they seem to be working hard together to kill off both broader prosperity and free market capitalism.

Farce #4: We have a “free” enterprise system dominated by monopolies that force people to buy inferior goods and services at exorbitant rates.

Exhibit A: “Health” care: U.S. health “insurance” is dominated by regional monopolies that are notorious for denying treatment and charging double what the rest of the world charges. What do we get for that? We get a record number of uninsured citizens, and health results (infant mortality, etc), which are near the bottom, rather than the top, of industrialized nations.

The U.S. health care system is also possibly one of the most inefficient in the world in delivering services, wasting some 750 billion dollars per year in unnecessary spending, including hundreds of billions of dollars per year in excessive administrative costs.

“The best health care system in the world”? Hardly. Maybe if you are rich or have generous subsidized benefits.

Even then, you are not immune to hospitals that cut safety corners to save on costs, and both slash pay and increase work hours for the people treating you. Think about it. Medical error is one of the leading causes of death in the U.S, killing some 200,000 people per year.

Exhibit B: Military industrial complex boondoggles: The United States is currently spending almost as much on its military as the rest of the world combined.

What kind of value are we getting for that? We’ve gotten pointless wars built on politically expedient lies, that have lasted longer than any wars in modern history, that have cost trillions, and that have made us less secure.

Farce #5: High-level financial crimes, no matter how egregious or widespread, are not being prosecuted.

Instead, corrupt and fraud-ridden organizations like Countrywide, Goldman-Sachs, Bank of America, JP Morgan, and Citigroup, get bought up and/or pay a small percentage of their ill-gotten gains to settle civil suits in which they do not admit fault.

The leaders of these anti-capitalist organizations (Anthony Mazillo, Jamie Dimon, Lloyd Blankfein, et. al.) still walk away with enormous compensation, after having ruined their companies and tanked the world economy. When they have to hire legal representation, they do it at the stockholders’ expense, adding insult to injury.

There are probably millions of forged documents, involved in “fraudclosure”, the pervasive property assignment control fraud that includes all the big financial players. Companies and citizens have brought civil lawsuits, but these are taking time.

There has been negligible government investigation, much less criminal prosecution. Here you have millions of cases of the very foundation of private property, clear ownership, being decimated by rampant, obvious fraud, and you do nothing?

Oh, I forgot, you extend the big banks a reprieve in the form of yet another settlement, this time with States’ Attorney Generals (basically a 25 billion dollar slap on the wrist for trillions of dollars of interconnected fraud). What does it take for law enforcement to do its job?

What effect does this have? It screams, “Crime pays!” It destroys the morale of hard-working, law-abiding citizens, and it keeps zombie banks not only alive and kicking, but prospering on the backs of citizens.

It sinks the global economy even more by encouraging financial criminals to double-down on the profitable crime that got them their unreal returns in the first place.

Where do you think that’s going to end? Too-big-to-fail is now bigger. Bailouts from central banks are more frequent. Overt and covert citizen subsidies for this crime keep climbing. Welcome to the financial cancer club.

Farce #6: Risk is gone. Now there is only liability borne by citizens.

Corrupted capitalism expects you, the citizen, to pay for “their,” the crony capitalists’, failure. In functioning capitalism, a company and its investors take their own risks, profit from the gains, and stomach the losses. Other people do not pay for their mistakes or their crimes.

That core element of capitalism is now gone. Irish citizens have had to pay many billions just to cover the losses of one of their private banks. Greece has learned, with its enforced austerity programs, that if this liability is not paid in dollars (or the phony dollars of debt restructuring), it gets paid in diminished quality of life.

Farce #7: Productivity has been supplanted by parasitism

There is hardly anything more important to thriving functioning capitalism than productivity, and sharing the fruits of productivity. It is notable that productivity among U.S. workers actually skyrocketed over the last decade and a half, but real wages have flattened or declined.

Where did the surpluses go? To parasitic financializers who have seen their share over all corporate profits grow from 10% to over 45% in recent decades.

After costing trillions and wiping out the world economy, what asset, good, or service do big banks produce that has genuine public worth?

• “Expert advice”, in which brokers intentionally sell junk to consumers, as shown in investment bank emails?
• “Financial services”, which turn out to be so laden with hidden fees and loosened/fabricated credit qualifications that the lendee is worse off?
• Allegiances that concentrate financial wealth the top 0.1% of the population, causing the vast majority of the world to get poorer?

If anything, citizens would stand to gain more by paying big banks to close their doors.

Big banks have largely stopped lending to businesses or individuals because that’s not profitable enough and because they need to retain capital to reduce their exposure due to their own foolish overleveraging. This depresses community and small business entrepreneurship and productivity.

Bottom line: Big banks’ “services” take far more in costs than they provide in benefits. Much would be gained, and little lost, if they were allowed to fail or were decommissioned outright for their criminal behavior.

Conclusion

In short, the non-accountability of big banks means American honest work and honest gain will be increasingly ripped off. This is a zero-sum game in which not even a single, direct, effective champion of the interest of broader American and middle and working class interest exists in the actual machinery of Washington.

Those few heroes, the former and present prosecutors and officials who have attempted to enforce transparency and accountability, Elizabeth Warren, Brooksley Born, Harry Markopolos, Neil Barofsky, and William K. Black have either been ignored, pushed out, or shut down.

Says Neil Barofsky of President Obama:

“I thought that if there was ever going to be a political figure that would take on the interests of Wall Street, and put the American people… above the monied interests, it was going to be President Obama, and that just didn’t happen. In fact it was the opposite. He had the same ideology as Timothy Geithner [and others from Wall Street]: ‘Protect the banks. What is best for the biggest banks is what’s best for the country.’”

This is pretty grim stuff, but it has a silver lining: When you don’t have champions to manage the economy fairly or effectively, you organize yourselves to transform your economy.

Both liberal and conservative officials have turned themselves from public servants into private servants. We, in response, have no excuse but to turn ourselves into necessary public champions. We must decide and act upon our choices to drive the economy in a healthy direction.

Economy cannot exist without people and their agreement. It is our job now to form the next principles and new, healthy practices as we turn away from a corrupted system.

 


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Tue, 11/13/2012 - 12:48 | Link to Comment CPL
CPL's picture

Farce #8:  technology will save us.

Tue, 11/13/2012 - 13:21 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Bribery* of public officials is not only legal, now, but encouraged.  It is not hard to figure out where that leads.  Public officials should only be able to earn a salary.  Stop the "campaign finance" farce and we solve many problems. 

Good luck leaving it up the the lawmakers to self-regulate.

 

*http://en.wikipedia.org/wiki/Bribery

Tue, 11/13/2012 - 13:24 | Link to Comment Zer0head
Zer0head's picture

9. nowhere to hide 

U.S. is Doing FATCA Deals with 50 Countries!

http://www.forbes.com/sites/robertwood/2012/11/13/u-s-is-doing-fatca-dea...

Tue, 11/13/2012 - 13:50 | Link to Comment redpill
redpill's picture

10. Pain can be avoided indefinitely

Tue, 11/13/2012 - 15:09 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Regardless of your economic or political persuasion, read, attempt to interpret and ponder, generally speaking, the bolded, indented quote below the next paragraph (from Modern Money Mechanics, Page 6, last paragraph). It's incredible that the gatekeepers at the Fed and its allies haven't scrubbed history clean of that extremely important, extremely revealing truth.

The Federal Reserve Fractional Reserve Bank is just the latest entity & iteration of the literal Ponzi scam that perpetuates pure fiat monetary systems (see remarks/footnotes below regarding Plaza Accord and Nixon Shock, which closed the Bretton Woods pact) that some refer to as fractional reserve banking (see Modern Monetary Theory as described and admitted to in their own publication, 'Modern Money Mechanics' - Modern Money Mechanics is a booklet produced and distributed free by the Public Information Center of the Federal Reserve Bank of Chicago; MODERN MONEY MECHANICS*) , whereby this non-bank entity and front for The Money Masters uses taxpaying slaves, many of whom ostensibly believe they are free and sovereign citizens of a sovereign "nation," as collateral, to conjure what they claim is 'money,' but that which is really debt (since there is nothing of inherent value backing it), from thin air, leveraging it up by many multitudes (money multiplier/deposit multiplier, derivative contracts and other forms of leverage can ratchet this debt up by a magnitude of a thousand times or more from the point of inception/creation), getting a nation to endorse it as monopolistic fiat (and enforce the monopolistic recognition of it as such for the payment debt, both public and private, via codified law and corollary enforcement agencies). 

 *  The Federal Reserve Bank of Chicago, describing, in small part, the ruse of Modern Money Mechanics (quote from Page 6, last paragraph):


"What they [banks] do when they make loans is to accept promissory notes in exchange for credits to the borrowers' transaction accounts. Loans (assets) and deposits (liabilities) both rise by [the amount of the "loan"]."


When was the last time you lent money to a friend and suddenly found you had more funds?


*On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, "[t]he Bretton Woods system officially ended and the dollar became fully fiat currency, backed by nothing but the promise of the federal government." This action, referred to as the Nixon shock, created the situation in which the United States dollar became the sole backing of currencies and a reserve currency for the member states. At the same time, many fixed currencies also became free floating.

 

Fractional reserve banking systems using pure fiat money (i.e. units printed at zero cost/backed by nothing of value) are insidious as they always, inevitably lead to greater and greater boom-bust periods, because they inherently depend on the issuance/uptake/creation of greater and greater aggregate amounts and waves of debt in order to perpetuate and kick the can as a result of the last 'bust' cycle (think of the housing bubble replacing the dot.com one).

Additionally, with each successive boom, debt is issued and taken on to finance increasingly marginally productive activities and increasingly marginally useful goods (some would argue, and rightfully so, that we've crossed the rubicon into net-net negative sum value activities and goods - think of the law of diminishing returns in the context of increasingly negative externality costs - whether pollution, human injuries or deaths due to toxins, the production of weapon systems, etc. - associated with production). 

Here's an example of how this works, based on recent events: Even Krugman, in either a moment of unintentional candor or just a slip of the tongue, succinctly summed up the scam that is fractional reserve banking using pure fiat money that's printed at zero cost & backed by nothing of value:

2002 NYTimes article: Paul Krugman says we need a housing bubble

By PAUL KRUGMAN, published 2002

Writes the future Nobel laureate in the NY Times, August 2, 2002:

“To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”

 

*Krugman Caught in Lie on Housing Bubble

LEVERAGE simply allows the harvesting to happen on an accelerated basis and at more frequent intervals (i.e. ramps up the boom-bust cycles).

 

The 7 easy steps to controlling the world without doing any honest physical or mental labor (fractional reserve CronyKapitalistComrade Model):

 

  1. Buy off/bribe/blackmail/extort/destroy any lawmaker/politician/military officer who poses a risk of thwarting your plans. For those who doubt the feasability of this, or its relevance to current times, please refer to your course materials and the historical record regarding the events surrounding the meetings held by dominant global banking interests on Jekyll Island, off the Georgia Coast, in 1910.   *Very important first step.
  2. Create fiat from thin air at zero cost basis, using nothing more than a literal stroke of a key, that's backed by nothing of inherent value, that has nation-state enforced legal recognition (due to that which is stated in #1 above), and in fact, is a monopoly currency with no legally recognized alternative in the payment of debt, both public and private.
  3. Circulate such fiat via "loaning it out" (which is an oxymoron amongst oxymorons), charging interest upon it, and dramatically increase the volume of fiat/debt created in step 2 by many, many multiples, via the use of leverage (whether by allowing the mule banks to have articicially low capital requirements, or purposefully not regulating credit derivatives, or via a plethora of other mechanisms).
  4. Successfully get nations (war is a fantastic motivator to borrow), business entities and individuals (the need for food, energy, health care, security, etc. are great motivators) to borrow said worthless fiat that was conjured from thin air, and pay interest, pledging their real, inherently valuable assets in exchange for said worthless fiat (i.e. meaning that their real, inherently valuable assets can be taken if the conditions that make it impossible for them to repay the worthless fiat are [intentionally] induced).
  5. Set the rate of interest payable on the loans of fiat that was conjured from thin air, solely at their discretion (don't be Krugman-level disingenuous and proclaim anything remotely close to 'free market mechanisms' set these rates, especially at a time when the Bernank has just purchased [using fiat-debt conjured from thin air, so no skin of the Fed's nose] a massive chunk, roughly equaly to 60%+ of U.S. deficit spending- i.e. monetization- of U.S. Treasury Notes for about a 28 month period).
  6. Supply more of such fiat, or withdraw fiat, to/from the system, at their discretion, bringing about inflation or deflation.
  7. During times of large scale loan defaults, on the repayment of the fiat that they conjured from thin air, backed by nothing of inherent value, seize the most valuable assets that exist on the planet, many of which mankind depends on for its very survival.

 

Same Shit, Different Day, only now, there's vastly more leveraged fiat/debt/credit in the system when (not if) everything implodes, versus the last time the system imploded, so MOAR & BIGGER BUBBLES will inevitably be required to perpetuate the paper Ponzi... (i.e. tragic misallocation of resources, wealth, capital, what could have been truly productive endeavors had banksters been forbidden from controlling the destiny of the global economy by controlling the volume of fiat in their ability to create boom-bust cycles at their sole discretion, etc.).

Tue, 11/13/2012 - 15:13 | Link to Comment redpill
redpill's picture

'On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold.'


You could have purchased gold at the time for $40 an ounce.

Tue, 11/13/2012 - 15:33 | Link to Comment Sockeye
Sockeye's picture

Great summary, thank you!

Tue, 11/13/2012 - 18:18 | Link to Comment TruthInSunshine
TruthInSunshine's picture

More on how Krugman is a deceptive, slippery charlatan, because it can't be overstated:

Krugman's Caught in Lie on Housing Bubble
J.M.emails:
Not sure if you saw this, but I watched the video mentioned in the comment section on your site and the poster is correct.
Starting around 19:40 or so of this video from his Bloomberg appearance the other day:
http://www.bloomberg.com/video/91694137/
Krugman claims that it is the "great lie" that the Fed created the Housing Bubble.  However, he wrote this in his blog in 09:
"What I said was that the only way the Fed could get traction would be if it could inflate a housing bubble. And that’s just what happened."

http://krugman.blogs.nytimes.com/2009/06/17/and-i-was-on-the-grassy-knoll-too/
This is hardly unique, just as his editor at the NY Times pointed out in his final column:
http://www.nytimes.com/2005/05/22/weekinreview/22okrent.html

"Op-Ed columnist Paul Krugman has the disturbing habit of shaping, slicing and selectively citing numbers in a fashion that pleases his acolytes but leaves him open to substantive assaults."

And then the exchange between Krugman and his editor showed how Krugman cannot handle being defeated in a debate, just as we are seeing now after the Ron Paul showdown. 

http://publiceditor.blogs.nytimes.com/2005/05/31/new-public-editor-hosts-paul-krugman-daniel-okrent-debate/

 

Krugman is the ultimate statist  tool. He hawked his book "End This Depression Now!," and spoke of the  reality of the economic depression we are now in, right up until about 8  weeks prior to the election, when he suddenly started to applaud Obama  for policies that helped create an economic recovery, despite objections  from Congress.

Tue, 11/13/2012 - 13:33 | Link to Comment q99x2
q99x2's picture

Can you find bargains for bribery on Craigslist?

Tue, 11/13/2012 - 13:56 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Rove didn't know what the London oddsmakers did - Fraudulent voting in swing states would carry Obama.

Tue, 11/13/2012 - 12:55 | Link to Comment Hugh_Jorgan
Hugh_Jorgan's picture

This is news? Most of these conclusions became obvious in 2008...

Tue, 11/13/2012 - 13:00 | Link to Comment CPL
CPL's picture

Took four years to shake it out of people.  Sooner than I expected.

Tue, 11/13/2012 - 13:55 | Link to Comment Nothing To See Here
Nothing To See Here's picture

And yet, most sheeple still believe that the financial crisis occured because of an excess of capitalism and out-of-control free markets...

Tue, 11/13/2012 - 13:25 | Link to Comment swmnguy
swmnguy's picture

Frankly, most of this stufff was fairly apparent a lot earlier than 2008.  I figured it out when I refinanced my tiny starter home in 2003, bought for $49,900 in 1996, to lock in a rate on the remaining $40,000 in principal.  My credit union (not a high-flying scam house by any means) tried to get me to go up to $135,000, taking the balance in cash out.  They thought I was the dumbest guy in town when I refused their generous offer.  Figuring out how that made sense to them led me to realize a lot of these things, or at least the suspicions began to dawn...And I'm far from the most plugged-in on these matters.

Tue, 11/13/2012 - 15:13 | Link to Comment akak
akak's picture

Moral of the story: NEVER go along with what your bank (or credit union) "suggests" or pressures you to do --- there is always going to be some benefit in it for them, and some cost to you.

Tue, 11/13/2012 - 15:58 | Link to Comment swmnguy
swmnguy's picture

True 'dat.  As I recall, I smirked at the lender and asked her, "That sounds great.  Do I have to pay it back, though?"  She didn't think it was very funny.  Actually, I don't think she got it at all.  That was another warning sign, though one I didn't quite understand for a while.  They didn't give a damn if I paid it back or not.  That realization, when it came, made a whole lot of other things make sense.

Tue, 11/13/2012 - 17:28 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Your anecdote underscores an important and critical truth that forms one of the cancers in our monetary system.

I absolutely remember when banks were literally begging developers to borrow money during the housing bubble. I'm not exaggerating in the least.

See a banker at a restaurant? "Hey so and so, when are you going to come in so we can give you some cheap money?"

Bubbles, bubbles, fractional-fiat-reserve toils and troubles.

The boom-bust cycle claims more victims than it creates winners by a wide margin, and it has to be so for the harvest that allows our system to survive.

Tue, 11/13/2012 - 12:59 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yes, and more closely, techonological improvements will be able to get oil in abundance forever.  This is a farce because oil is finite, and if technology can get us more production (as is happening with shale) the reserves will only be drained more quickly, and the peak of production will be that much steeper.

Tue, 11/13/2012 - 12:59 | Link to Comment Kreditanstalt
Kreditanstalt's picture

"Technology will save us" is a sacred cow to neo-cons and even to many libertarians...I only hope they have enough firewood for the coming winters... :) 

Tue, 11/13/2012 - 13:51 | Link to Comment NotApplicable
NotApplicable's picture

From a libertarian perspective, I've no doubt that tech will save us (as ingenuity to survive the day is ALL we've really got to go on).

Thing is, tech, like all other productive endeavors, has been sacrificed to the gods of Wall St. So, no... what's left of tech isn't enough to overcome the enormous overhead of living under gang rule.

Tue, 11/13/2012 - 15:30 | Link to Comment Joe moneybags
Joe moneybags's picture

Improvement and advances in technology is a different subject than irresponsible financial practices.  One is neither the cause, or the result, of the other.

However, there will be advances in technology that will have an impact upon a nation's finances, and it's overall wealth and standard of living.  It's also likely that those advances will benefit developing nations to a greater degree than the developed, first-world countries.

Tue, 11/13/2012 - 13:31 | Link to Comment q99x2
q99x2's picture

Tech can provide alternative directions and circumvent human intentions. So tech as a goods or service may not save us but technical solutions to the problem of a centrally planned future may save us.

Tue, 11/13/2012 - 13:34 | Link to Comment Kreditanstalt
Kreditanstalt's picture

Agreed!  The Internet, for example.

The problem will arrive for those who think that technology will enable them to consume resources (at today's levels) into the future.  ("Summer driving season"...?   Hahaaahaha...LOL!!!!) 

Invest in buggy-whip manufacturers.

Tue, 11/13/2012 - 12:51 | Link to Comment francis_sawyer
francis_sawyer's picture

Bullish!... Buy!... Hit all stops!...

Tue, 11/13/2012 - 12:51 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Farce 9:

Islam is a threat that's anywhere comparable to the deadly one posed to the American Republic by the internal Enemy that had its puppets create the Fed in 1913.

Tue, 11/13/2012 - 12:51 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

Does Jill Kelley work for Mossad?

Tue, 11/13/2012 - 13:54 | Link to Comment NotApplicable
NotApplicable's picture

I'm kind of the opinion that (like it or not) we all do.

Memes don't propagate on their own, you know.

I'm a vector.

You're a vector.

He's a vector.

She's a vector.

Wouldn't you like to be a vector too?

Tue, 11/13/2012 - 14:24 | Link to Comment stormsailor
stormsailor's picture

try googling images jill kelly with safe-search off.  she probably has worked with mossad and any number of others.

Tue, 11/13/2012 - 23:12 | Link to Comment StychoKiller
StychoKiller's picture

At the bare minimum, she should be given an invite(s) to attend some grand jury sessions.

Tue, 11/13/2012 - 12:51 | Link to Comment Flaming Ferrari
Flaming Ferrari's picture

Farce #9: Market is going to crash in the face of massive liquidity.

This is a dip, buy it.

Tue, 11/13/2012 - 12:51 | Link to Comment Traianus Augustus
Traianus Augustus's picture

"SIMPLY FINANCIAL DICTATORSHIP"

We have reached the end of the Internet folks!  Nothing more to see or do...

Tue, 11/13/2012 - 12:52 | Link to Comment Manthong
Manthong's picture

There is nothing economical about the farce that is today’s so called  market economy.

Tue, 11/13/2012 - 12:53 | Link to Comment AnAnonymous
AnAnonymous's picture

Farce #0: the whole article is a farce. An 'american' farce.

Tue, 11/13/2012 - 13:26 | Link to Comment swmnguy
swmnguy's picture

Good thing for you none of these things are true in China, right?

Tue, 11/13/2012 - 12:53 | Link to Comment Shizzmoney
Shizzmoney's picture

Let's back to real news, like how apparently, the director of the CIA loves younger pussy.....

Tue, 11/13/2012 - 12:55 | Link to Comment francis_sawyer
francis_sawyer's picture

It would only be 'news' if Barney Frank started liking younger pussy...

Tue, 11/13/2012 - 13:05 | Link to Comment MFLTucson
MFLTucson's picture

LOL, this is brilliant!

Tue, 11/13/2012 - 13:04 | Link to Comment MFLTucson
MFLTucson's picture

Can you blame him??  Look at the wife!

Tue, 11/13/2012 - 16:00 | Link to Comment swmnguy
swmnguy's picture

Whom do you mean, Bwawney or Petraeus?

Tue, 11/13/2012 - 13:05 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Wow! It's almost as if he's a male, with a penis and everything!

Tue, 11/13/2012 - 16:01 | Link to Comment swmnguy
swmnguy's picture

At the risk of becoming tiresome, I must ask again, Whom do you mean, Bwawney or Petraeus?

Tue, 11/13/2012 - 12:54 | Link to Comment SMG
SMG's picture

This can't go on forever, and the collpase will be so awful, that the system that comes next will be better.

Just trying to be optimistic.  World's tough these days and you can't make it through without optimism.

 

Tue, 11/13/2012 - 23:14 | Link to Comment StychoKiller
StychoKiller's picture

If people have to work or starve (through lack of working EBT cards), there is cause for optimism.

Tue, 11/13/2012 - 12:55 | Link to Comment jimijon
jimijon's picture

Soon free-energy will be unveiled and then the Mayan will be correct and a new beginning will ensue.

Tue, 11/13/2012 - 12:57 | Link to Comment CPL
CPL's picture

Because human's like doing things the easy way?  Doubtful.  It'll continue to stretch like taffy.

Tue, 11/13/2012 - 12:55 | Link to Comment QE49er
QE49er's picture

What's missing in this pic? http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/region/N_America...

Well, the link gives it away but you get the point, & sorry it's a bit off topic.

Tue, 11/13/2012 - 12:55 | Link to Comment Dr. Engali
Dr. Engali's picture

Farce number 10) infinite growth is possible on a finite planet.

Tue, 11/13/2012 - 23:16 | Link to Comment StychoKiller
StychoKiller's picture

Verily, I say unto thee:  "The surface of a planet is NOT the correct place for an expanding technological civilization." (-- R.A. Wilson)

Tue, 11/13/2012 - 12:55 | Link to Comment Tinky
Tinky's picture

Not to worry. The general public is now well aware of the dangers lurking. Much like these folks...

http://mtanga.com/oblivious2.jpg

Tue, 11/13/2012 - 12:56 | Link to Comment francis_sawyer
francis_sawyer's picture

Farce 11) There is a spoon...

Tue, 11/13/2012 - 12:57 | Link to Comment I am more equal...
I am more equal than others's picture

Farce #1 - I live that everyday.  Hard conversations with a boatload of idiots who think they all have gold-lined realty.  The national appraisal firms are a joke and every last one of them should be in jail.  Play with the cost of money and the cap rate should go down - even though your less liquid and can't find someone to buy - equity dividend rates should adjust up with risk.  there is still risk in the system, even more so with the continuation of development activity that is not needed.  Please more retail space.  Pretty please even though real sales are down.  More offices when businesses are shrinking.  Yes,  cap rates for your local crap - should be below 5%. 

Tue, 11/13/2012 - 13:46 | Link to Comment buckethead
buckethead's picture

I see risk as similar to the stored energy within a fault line: The longer the delay of it's release, the greater the destructive force when the inevitable occurs.

 

Deferring/masking risk is not eliminating risk.

Tue, 11/13/2012 - 12:58 | Link to Comment Kreditanstalt
Kreditanstalt's picture

Your #4 is nonsense.

"Healthcare" is NOT "free enterprise".  GOVERNMENT is responsible for that mess.  Why are you so loathe to blame the institution of government? 

Tue, 11/13/2012 - 13:13 | Link to Comment anarchitect
anarchitect's picture

Government services are the best example of #4. Nothing else even comes close.

Tue, 11/13/2012 - 12:57 | Link to Comment Dre4dwolf
Dre4dwolf's picture

There used to be a time, where products were made for people, now the people are just conditioned to buy bad products.

Tue, 11/13/2012 - 13:00 | Link to Comment Kreditanstalt
Kreditanstalt's picture

But they aren't FORCED to do it.  They buy them WILLINGLY...!

Tue, 11/13/2012 - 13:17 | Link to Comment Apply Force
Apply Force's picture

You underestimate the power of the force - indoctrination, constant advertisement and the social ladders to climb through product/consumer identification.  All illisuions in play cradle to grave, and many/most can not find the exit.

Tue, 11/13/2012 - 13:25 | Link to Comment Kreditanstalt
Kreditanstalt's picture

People are not - or SHOULD not be - turnips.  They're supposed to be sentient beings.  And they're supposed to be responsible for their own choices in life, including what to buy. 

I refuse to buy into this whole "evil corporations" nonsense when those very same corporations only have the clout they do have because of GOVERNMENT.

Tue, 11/13/2012 - 14:22 | Link to Comment Apply Force
Apply Force's picture

.gov plus corps = corporatism/fascism - - no evil, just a system of manipulation to keep and bring power to those in power.  Whatever our individual influences might be one way or the other, our current economic system (energy/currency/etc) seems to be unraveling at a greater and greater pace - and eventually what SHOULD happen will likely happen more and more often, as simple survival will depend on people reasoning for themselves.  Until then, sheep will be sheep.

Tue, 11/13/2012 - 14:25 | Link to Comment Kreditanstalt
Kreditanstalt's picture

Yeah, but why do you socialists keep calling them "evil corporations"?  What happened to EVIL GOVERNMENTS? 

THEY, not the Walmarts, have the guns...

Tue, 11/13/2012 - 14:37 | Link to Comment Apply Force
Apply Force's picture

Who are you addressing - "you socialists"...?  Are you just ranting?

Tue, 11/13/2012 - 18:53 | Link to Comment Kreditanstalt
Kreditanstalt's picture

There are a LOT of characters on this site who seem to love the governments (and their guns) just as they hate the "evil corporations".

Obviously they haven't grasped the difference between the existence of private corporations and the socialist earnings redistribution of governments....

Maye these guys are part of "the free shit army"?  I don't know...

Tue, 11/13/2012 - 13:02 | Link to Comment Sleepless Knight
Sleepless Knight's picture

Welcome to the new normal - " Buy it ya dips!"

Tue, 11/13/2012 - 13:02 | Link to Comment buzzsaw99
buzzsaw99's picture

Farce 12) Jon Corzine's face.

Tue, 11/13/2012 - 13:19 | Link to Comment Badabing
Badabing's picture

fARCE #13 GOLD IS BACKED BY NOTHING

Tue, 11/13/2012 - 14:03 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

From dictionaries you have never read:

Money, by definition, must be able to act as a store of value, a money must be able to be reliably saved, stored, and retrieved – and be predictably usable as a medium of exchange when it is retrieved. The value of the money must also remain stable over time.

Although it's value and price can fluctuate gold is a good that requires labor, it is finite, and most importantly, it last forever.

How its value is deemed can change, the fact that it has intrinsic value is undeniable.

Tue, 11/13/2012 - 13:03 | Link to Comment cdude
cdude's picture

Does anyone know when QE3 disbursements to the PD banks (asset repurchasing) are to begin. Thought it was either today or tomorrow. 

Tue, 11/13/2012 - 13:07 | Link to Comment CPL
CPL's picture

It's today.  look at the markets.  Up just because.

Tue, 11/13/2012 - 13:15 | Link to Comment cdude
cdude's picture

Hmmm...interesting that ZH has not had a article out today drawing attention to that.

Tue, 11/13/2012 - 14:17 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It is today.  The Fed has said they will purchase the bulk of the MBS on the 8th business day of every month.

And although The Fed published that they bought $40B worth of MBS in September, and we should assume they did the same in October, I have not seen the October purchase in writing.  Even more peculiar is that Jim Willie and James Turk don't think any "assets" have been purchased by the Fed.

Tue, 11/13/2012 - 13:37 | Link to Comment Yen Cross
Yen Cross's picture

 Long padded cells. At least the,  "looney bin" has walls and bars around it, for when the SHTF.

Tue, 11/13/2012 - 13:26 | Link to Comment dropdeadfed
dropdeadfed's picture

If I was still on Facebook, could I like this article?  

 

I like the sound of secession though that CROX news is spewing today...

 

http://fox2now.com/2012/11/12/at-least-15-states-petition-u-s-government...

Tue, 11/13/2012 - 13:47 | Link to Comment mendigo
mendigo's picture

I more than liked it - I'm so ashamed.

Mega farce - canditates representing essentially the same agenda and the next most viable alternative gets 1% of vote. The us is a bad joke of a democracy. We sooo desrve this, but my children do not.

Is Canada an reasonable option?
I fear there's no way to fix the us by peaceful means - besides the problem with the us is the "voters". The is not enough room in guantanamo. Well at least they will let us have pot so I can deveope breasts and won't need to leave the house.

Tue, 11/13/2012 - 13:27 | Link to Comment ebworthen
ebworthen's picture

Our entire society has become a giant ponzi scheme based on parasitism versus production and propaganda versus truth.

Tue, 11/13/2012 - 13:27 | Link to Comment Calidreaming
Calidreaming's picture

may the farce be with you

Tue, 11/13/2012 - 13:35 | Link to Comment jplotinus
jplotinus's picture

Hey, bitchez,

WTF,

Not one single comment so far has used the perjorative terms "free stuff" or "takers" or "useless eaters" or "welfare queens" or any of the many similar phrases used in the recent FOOD STAMPS thread.

ZHers, that is a main reason why the bankstas and the MIC gangsta a and the insurance scamstas aren't being curtailed, let alone put in jail.

You are failing to attach stigma to what they get away with. Instead you are too busy blaming poorer people.

The article says many of the right things. The following are examples. Come on bitchez, bad mouth the SOBs if you would please.

Look I'm not asking for much here. All you really have to do is go to the FOOD STAMP thread and just cut and paste most of the comments there into this thread.

Here's what upsets you, right, bitchez?

"-This is nothing more than the exchange of publicly accepted money for worthless, private, counterfeit crap.

-At bottom, neither banks nor governments are doing that, and if anything they seem to be working hard together to kill off both broader prosperity and free market capitalism.

-Exhibit B: Military industrial complex boondoggles: The United States is currently spending almost as much on its military as the rest of the world combined.

-What kind of value are we getting for that? We’ve gotten pointless wars built on politically expedient lies, that have lasted longer than any wars in modern history, that have cost trillions, and that have made us less secure."

:-/

Tue, 11/13/2012 - 14:00 | Link to Comment wwwild
wwwild's picture

I think that even if all was resolved in this list that the FSA would just say give us our share, there would be few takers for any new jobs.

www

Tue, 11/13/2012 - 15:08 | Link to Comment tickhound
tickhound's picture

Zerohedge has done its fair share of attaching stigma to the klepto-dependency class... A huge understatement, really.

But sadly, and to your point, yes... Wealth transfer is deemed more outrageous when the lower class is the recipient.

That abhorrence for our corporate.gov welfare institution too often rides that fine line between love and hate.

  

Tue, 11/13/2012 - 13:50 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Frace # 6 - You forgot JON CORZINE ! I never use caps ordinarily.

Tue, 11/13/2012 - 13:53 | Link to Comment Bastiat009
Bastiat009's picture

The "market" has been supposed to collapse every day for the past four years because market forces will make it. But if it's not a market, why do we care about market forces?

if you own the ref, it doesn't matter if MJ is on the other team, you'll still win by 20. It is not competition, it is fair, but it's reality.

This market is just for a few by a few but I don't see how the few will let it collapse as long as the rest of us keep electing the same "refs."

Tue, 11/13/2012 - 13:53 | Link to Comment Inspector Bird
Inspector Bird's picture

You had me until "Elizabeth Warren".  While I'm sure her heart is in the right place, her head is someplace else altogether.  I used to like her, but now she's just another crony.  So I'm more than a little disturbed that her name would show up as some kind of savior.

Today, I fear what she wants to do.  She's not interested in capitalism, she's interested in using what was written here to support socialism and greater government control and oversight.

 

I agree with almost everything else, but her name should be scratched out and set afire.

Tue, 11/13/2012 - 14:13 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The UK is the most extreme example of this...........

It has moved from a nation state war economy to the extreme market state economy.

 

"We have a “free” enterprise system dominated by monopolies that force people to buy inferior goods and services at exorbitant rates"

 

As for the US it is in the exactly same position that the UK found itself in 1914.

 

 

The creation of money occurs in Congress. (this is the so called fiscal cliff nonsense)

The Fed turns this money into debt (which is now the global reserve)

The treasury is controlled via the east coast banks and indeed in all western countries that I Know the banks control it as it only has mainly tax raising rather then money creation power which is in the effective monopoly of the banks

During the age of Imperium the banking hosts such as the Uk did not print or devalue , they “printed”Gold as for example they had control over the worlds below Ground reserves.
This moved to the final system of congress money creation and Fed turning this into the new global reserve.
Its really the same system.
With pre 1914 France (friendly) and Germany (hostile) holding much of the above ground gold “printed” by the UKs south african and canadian mines.

While Japan (friendly) and China (hostile) holding much of the worlds treasuries today.

In 1914 HMT did indeed print (10 shilling notes) but this was used to reduce the domestic calls on Gold (as it paid 5% interest) to free up external calls on Gold.

If a independent US treasuary secratary that did indeed want to print Greenback notes outside the banking system the $ would lose its global reserve status and therefore its ability to import more then it exports.

So the US is caught in a bind much like the UK was back in 1914.

The US $ is not a national currency.

Therefore It cannot function as a nation.

The euro experiment is a even more extreme banking experiment.

The final state of the post 1648 journey where they control all of the spice as nations cannot sustain themselves without external trade.

The guys behind the central banks are really guild navigators.
The more your country becomes dependent on spice production the more you become a victim of their system.

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

 

Tue, 11/13/2012 - 14:17 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Farce #8 - Our military protects us and our freedoms. 

Truth:     - Our generals are good at chasing pussy....

Tue, 11/13/2012 - 14:19 | Link to Comment Monk
Monk's picture

What is taking place is not anti-capitalism but the fulfillment of capitalism, i.e., those who become stronger soon take over.

 

Tue, 11/13/2012 - 14:29 | Link to Comment orangegeek
orangegeek's picture

Bank Of America CEO already states we are fucked.

 

http://www.foxbusiness.com/business-leaders/2012/11/13/bofa-chief-fiscal...

 

Dow Jones up 33 points.   Yes, by golly, we are totally fucked.

 

 

Tue, 11/13/2012 - 14:34 | Link to Comment GRsilverking
GRsilverking's picture

Bearishness everywhere! DING... an idea! I am going to open a new 10 year CD at my nearest BofA! Cha-Ching!

Tue, 11/13/2012 - 14:57 | Link to Comment kevinearick
kevinearick's picture

Digital Dematerialism & Nigger Empires

Congress is largely a bunch of white niggers arguing for civility to save their own a-. First they close the system, causing implosion, and then they burn everything with fingerprints...

Waliggo: Colonialism and racism target life, human dignity, and human rights...No sane society chooses to build its future on foreign cultures, values or systems.

Magessa: [T]he convert may publicly claim the new, intended meaning while (un)conciously ascribing to them a different one, the one that constitutes his or her motivation.

Constantino: For if the past were viewed as 'frozen reality' it would either dominate and immobolize the present or be discarded as being irrelevant to today's concerns.

Desa: To be plain with you...we should like you much better if you traded with us and then went away, without forever boring us with preaching...

Shorter: Conversion to Christianity is for him sheer gain, an 'extra' for which he has opted. Consequently, the Christian operates with two thought-systems at once, and both of them are closed to each other...who show their true face particularly in times of crisis.

Magessa: Misguided, they thus failed to perceive the new in the old, and the old in the new. [T]hey compared the continent's practices (its real culture) to the ideals of Europe (its ideal culture).

Montagu: The truth is that evolutionary processes do not proceed in straight lines but are more accurately observed to assume a reticulate form.

La Zoute: Underlying all the divergence that marks the pagan, there is a fundamental unity of belief and outlook upon the world...a unity of diversity.

St Augustine: What is now called Christian religion, has existed among the ancients, and was not absent from the beginning of the human race...

Diop: One needs only to meditate on Osiris, the redeemer-god, who sacrifices himself, dies, and is resurected to save mankind, a figure essentially identifiable with Christ...To his great surprise and satisfaction, he will discover that most of the ideas used today to domesticate, atrophy, dissolve, or steal his 'soul,' were conceived by his anscestors.

--------

Likewise, the Ds and Rs are symbiotic puppets. The hypocrits cannot think for themselves, and so will float downstream, arguing and creating one false crisis after another, in hope that you will tow one and then the other upstream for another cycle accordingly. Cut the rope and let them pass.

The paragon of virtue, Jamie Dimon, says family formation is on the rebound, so it must be true. Just yesterday, these a-holes were saying demographics and family formation were irrelevant. Sometimes it doesn't pay to be the biggest blowhard, I mean pagan.

So, let's say, just for the sake of debate, that the planets are on roller coasters, but appear to be orbitting. What would that tell you about light? If true, what would happen to the roller coasters? What is the difference between speed and frequency, given dimensional relativity?

Only your own can throw you under the bus. Step aside and the empire's own momentum will carry it over the edge. The more you leave its operators to God, the faster they go to hell. Misery loves company. The future belongs to those who transform it. How does the clock work?

Government is vacating the countryside now. If you allow these city idiots back in town to control your zoning with credit, you get what you get, niggerville. Don't let the color of the skin, sex or any other material factor fool you. It takes a nigger to enslave a nigger, same new world order as the old world order, a nigger in a robe on a soapbox, trying to hide stature in proclamation. Let your work do your talking.

They're like children; tire them out with their own energy before you try to reason with them, and be patient. My family is KKK nigger mason, and my dad told them to go f- themselves. I am quite familiar with the process.

------

Corker told CNBC that markets will take off if the government makes progress in tackling debt levels this December. "The focus ought to be on solvency, and if we take a big step towards solving that during this December, I think the markets are going to take off. And from an outside perspective, things are undervalued if we do that," he said.

Wonder why Europe sees the US as the next Greece.

Tue, 11/13/2012 - 14:57 | Link to Comment buckethead
buckethead's picture

Mask profanity but parade the racist slur. 

 

<enter symantics diatribe here>

Tue, 11/13/2012 - 15:01 | Link to Comment rhinoblitzing
rhinoblitzing's picture

I call you out as a shill... Your racism negates any intellectual argument you may have typed - and I beleive you did that by design to pollute the atmosphere here.

If you are true to your feelings - then I suggest you learn Mandarin.

your write: family formation and planets on roller coasters... why do I even respond....

Be un-careful with you rmeds. -  and... Fuck Off somewhere else

Tue, 11/13/2012 - 15:04 | Link to Comment kevinearick
kevinearick's picture

niggerdly is a word. you apply it as a race slur to your own benefit. That's the point

Tue, 11/13/2012 - 16:05 | Link to Comment swmnguy
swmnguy's picture

The word you mean is "niggardly."  Note the letter "a".  Completely different word, with a different derivation. 

Tue, 11/13/2012 - 16:09 | Link to Comment swmnguy
swmnguy's picture

From Wikipedia (there are, of course, far more in-depth sources, but they say the same thing in longer form):

Snip-

Word origins

"Niggardly" (noun: "niggard") is an adjective meaning "stingy" or "miserly", perhaps related to the Old Norse verb nigla = "to fuss about small matters". It is cognate with "niggling", meaning "petty" or "unimportant", as in "the niggling details".

"Nigger", which has become a racist insult in American culture, derives from the Spanish/Portuguese word negro, meaning "black", and the French word nègre. Both negro and noir (and therefore also nègre and nigger) ultimately come from nigrum, the accusative singular masculine & neuter case of the Latin adjective niger, meaning "black" or "dark."

End snip.

Wed, 11/14/2012 - 16:13 | Link to Comment kevinearick
kevinearick's picture

keep making my point for me...actually the reference is to black egypt...in the time of Rah.

Tue, 11/13/2012 - 15:00 | Link to Comment Mr. Hudson
Mr. Hudson's picture

 

 

| "Farce #3: Printed money is backed by nothing."

That is not true. The money is backed by debt, which is to be repaid with the labor of the American taxpayer. Of course, we all know that if you paid off all the National debt, there would be no money in circulation, because money is a receipt of the debt. But there comes a point when even the interest on the debt cannot be paid, and at that point the dollar collapses. To prevent that from happening, FDR signed a bill giving the Federal Reserve the absolute power to confiscate any and all land to satisfy the debt. Somehow people think that the money is worthless. No, not when it is backed by a guarantee from Congress that if the National debt is not paid back, the Federal Reserve can confiscate public and private lands. That is why Obama signed a bill that allows the military to come and arrest you and I at will; not because we are terrorists, but because we won’t be able to pay on the debt. The debt is here to stay, and it will bring Americans to their knees.

Tue, 11/13/2012 - 17:58 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Farce #3: Printed money is backed by nothing.

MONEY IS BACKED BY MURDER.

To understand everything that has happened to the USA, one must look at the central role of organized crime, with the main manifestation being assassinations, that rippled out and decided where the political developments would go. The backing to the money system is the murder system, which the money system pays for in return. The ability of money to bribe politicians was usually enough to prevail. However, it was historically crucial that the covert organized crime groups were able to get away with murdering politicians that could not be bribed or intimidated. THAT IS THE CENTRAL FACT THAT DIRECTED THE ACTUAL DEVELOPMENT OF THE AMERICAN SYSTEMS. Furthermore, those actual do us a paradoxical service, in as much as they force us to FACE FACTS. The central issues in politics are the death controls. The worst paradoxical problems that surround those were that those who were the best at death control were also the best at lying about that. ALL OF THE REST OF PROBLEMS DISCUSSED IN THIS ARTICLE, WERE DUE TO THE REAL DEATH CONTROLS, THE MOST IMPORTANT OF WHICH WERE COVERTLY ACHIEVED.

There could be no genuine solutions to these problems through applications of false fundamental dichotomies. What should happen is enough citizens understand that they are members of organized crime gangs, and therefore, become enabled to do better hard bargaining in the evolution of the social rates of robbery. Since most Americans have absurdly unrealistic beliefs, they are unable to engage in the kinds of social arms races between the different systems of organized lies which are required to evolve a better balancing human and industrial ecology. Instead, we have the runaway triumph of the best organized crime gangs almost totally taking over the government, so that the AMERICAN MONEY SYSTEM IS BACKED BY MURDER, AND BY NOTHING ELSE!

THE SANE SOLUTIONS ARE TO FACE THOSE FACTS, AND MAKE THEIR OPERATIONS BECOME BASED ON A GREATER USE OF INFORMATION, ENABLING HIGHER CONSCIOUSNESS, WHICH IS TO SAY, A DEEP REVOLUTION IN THE PARADIGMS OF MILITIARISM, SINCE MILITARISM IS THE REAL BASIS OF THE MONEY SYSTEM. The most important aspect of that is that those secret, covertly operating, organized crime groups have been able to take over the government, and therefore, drive worse and worse puppet politicians to appear to become stupider and more incompetent. However, the reason for that appearance is that any politicians that would not agree to become puppets ended up having their careers destroyed. Too many of the American people are unable to understand that, and do not want to understand that, therefore, there are no practical solutions, other than to wait and watch as this runaway of triumphant lies, backed by violence, finally destroys itself, due to the inherent insanity of that situation that those lies can never be made to become true by being backed up with violence! Instead, the automatic trajectory of the established systems is to eventually destroy themselves through too much of the own "success!"

Tue, 11/13/2012 - 15:21 | Link to Comment venturen
venturen's picture

Aren't there TEN COMMANDMENTS?

Tue, 11/13/2012 - 15:30 | Link to Comment mh505
Tue, 11/13/2012 - 21:15 | Link to Comment nastaking
nastaking's picture

Announced late last month, the S20 Table is manufactured by LG and features a 4.7in IPS screen, a 1.5GHz quad-core processor and has an 8-megapixel camera with a new 360 degree panorama feature.

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