This page has been archived and commenting is disabled.

America's Lost Decade In One Simple Chart

Tyler Durden's picture


Forget the stock market's dismal decade of much-ado-about-nothing and ignore the USD Dollar's declination; when it comes to reflection on what this once great nation has 'created' since 2001, the following chart from Pennsylvania's Department of Public Welfare sums it up better than most.



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 11/27/2012 - 23:11 | 3016330 ultraticum
ultraticum's picture

I think I know which line I've been travelling, and it ain't red, yellow, or green.

Tue, 11/27/2012 - 23:26 | 3016349 TwoShortPlanks
TwoShortPlanks's picture

The West's lost decade in one simple video:

Too many people detached from reality. So many [talentless] people today will do anything for attention, recognition, money, fame...even if they look like a complete and utter tool-bag. The era of the A.D.D. Ego.

...and make it a double-decade!

Tue, 11/27/2012 - 23:30 | 3016384 Dr. Engali
Dr. Engali's picture


Tue, 11/27/2012 - 23:54 | 3016441 jomama
jomama's picture

this is russian.

Wed, 11/28/2012 - 03:51 | 3016667 Hobbleknee
Hobbleknee's picture

I call bullshit on the government employment.  You know they've been expanding like crazy.

Wed, 11/28/2012 - 03:53 | 3016670 TruthInSunshine
TruthInSunshine's picture

Increase in government hiring of less than 5% and increase in wages/benefits to government "employees" of less than 7% is politicians and the government.

Wed, 11/28/2012 - 09:34 | 3017013 Are you kidding
Are you kidding's picture

Contractors...government employees...paid by the "private hands" it doesn't count as "government workers".  Another ingenious ploy to help cook the books.

Wed, 11/28/2012 - 12:34 | 3017651 daxtonbrown
daxtonbrown's picture

Yea! Go Blue team! First one to the bottom o the hill!

Tue, 11/27/2012 - 23:11 | 3016331 vinayjha
vinayjha's picture

Look at the spike in food stamp from 2009. Thank u obama.

Wed, 11/28/2012 - 00:07 | 3016465 kridkrid
kridkrid's picture

It would be the same had McCain won. This collapse isn't political. Politics is a distraction. Don't fall for it.

Wed, 11/28/2012 - 00:38 | 3016516 TruthInSunshine
TruthInSunshine's picture

They can print all the debt/credit/fiat paper they want, and when the time arrives where the plurality or even majority of people realize we're in a real global economic depression, the media and all the usual economists will bellow out with a thunderous chorus that "noone could've seen it coming!"

Wed, 11/28/2012 - 04:21 | 3016686 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

This exact phrase was what woke me up from my zombieness.  As soon as I realized the entire media was spitting out bullshit, I had the luck to wake up and stack up.

Wed, 11/28/2012 - 09:37 | 3017037 Are you kidding
Are you kidding's picture

So many still have not woken up...everyone on TV is an actor, selling you a product or an idea...remember that. 


Tue, 11/27/2012 - 23:14 | 3016337 Bad Attitude
Bad Attitude's picture

But... but... the economy is recovering. Dear Leader and the TV talking heads say so!

Tue, 11/27/2012 - 23:14 | 3016339 surf0766
surf0766's picture

PA has been taken over by Philly and Pitt. I live here. It is a shit state in decline for the past 20 years.



Wed, 11/28/2012 - 01:34 | 3016532 TruthInSunshine
TruthInSunshine's picture

Some OT humor to help lift a justifiably ominous mood (every time someone mentions Philadelphia, this is my mental default, so what does that say about me? Very scary...):

Philly isn't sunny?


Charlie and Mac attempt to move the pool table, while Dennis and Dee enjoy the freedom of welfare. (2:51)

Going on Welfare - It's Always Sunny In Philly

Mac throws a beer bottle into the head of a bicyclist riding in the middle of the street. (1:59)

Hitting the Bicyclist - It's Always Sunny in Philly
Tue, 11/27/2012 - 23:15 | 3016340 HANKREARDON

No wonder I am singing the Blues (line).   If video killed the radio star, taxes/regs have killed the entrepreneur.

Wed, 11/28/2012 - 01:11 | 3016560 Anusocracy
Anusocracy's picture

You missed the bullseye.

Government has killed the entrepreneur.

Wed, 11/28/2012 - 08:07 | 3016851 Dr. Sandi
Dr. Sandi's picture

The entrepreneur is merely hiding out until it's time to come out again.

And no, it's sure as hell not time.

Tue, 11/27/2012 - 23:16 | 3016345 realtick
realtick's picture

Now that is a great chart find

Tue, 11/27/2012 - 23:19 | 3016356 Dr. Engali
Dr. Engali's picture

What's good for the morgue is good for America right? 

Tue, 11/27/2012 - 23:23 | 3016365 venturen
venturen's picture

What about free cell phones? Is there a chart for that?

Tue, 11/27/2012 - 23:30 | 3016386 ultimate warrior
ultimate warrior's picture

This economic collapse/reset can't come soon enough.

Wed, 11/28/2012 - 04:06 | 3016678 SeattleBruce
SeattleBruce's picture

When it happens, it's not going to be pretty.  And then what?  How is that reset going to look?  That's something I wonder about....

Wed, 11/28/2012 - 08:10 | 3016854 Arnold
Arnold's picture

I submit that we follow the modern Egyptian model. All Hail Pharoh!

Wed, 11/28/2012 - 08:32 | 3016886 overmedicatedun...
overmedicatedundersexed's picture

the youth with no jobs play on line games TV, for them the facts of no jobs, no future is pushed out of days past they would have gathered together on the streets and soon riots would begin...

add in mind altering legal and illegal drugs (excpt bath salts) and you have a docile  man or women.

our society in USSA is so isolated no mass riots are likely, the .gov & elites know they control a drugged mind dulled isolated population..and sadly it works. seems those churches and civic organisations could impact this but as we know no one goes anymore.

die with a wimper and one last twitch of the game controller one last toke.

Wed, 11/28/2012 - 12:29 | 3017639 marathonman
marathonman's picture

That's pretty much what we have right?  What are the real limits to the President's power?  Congress?  Please.  Judiciary?  You're serious!?  Media?  Owned by the oligarchs and used for propaganda that would make Pravda jealous.  What are the limits of the President's power?  I submit that there are none.

Tue, 11/27/2012 - 23:34 | 3016404 sasebo
sasebo's picture

Why to worry? The fed & the banks can print all the paper money they need. And buy stuff with it. And lend it out for interest payed by guess what? More paper money. They can print money & lend it to you to buy a house or car, etc. And when you can't pay back the paper money they printed & lent to you, they take your house or car. So in fact they bought your house or car on the cheap with paper money printed out of thin air.

DUH -------------- are we there yet?  

Wed, 11/28/2012 - 04:08 | 3016680 SeattleBruce
SeattleBruce's picture

What happens to that house of cards, as it goes higher, and higher......

Tue, 11/27/2012 - 23:42 | 3016411 scatterbrains
scatterbrains's picture

so JPM through private equity deals buys up large blocks of the grain belt and also controls the distribution of food through the ebt card program which half of america will be dependent on soon enough.  So let me guess what happens next... gradually  over the coming years via lobbying and back room deals, you will only be able to buy bread and other staples that will benefit JPM's agricultural arm of the bank with your ebt card. Awesome

Tue, 11/27/2012 - 23:45 | 3016422 Caviar Emptor
Caviar Emptor's picture

Right. Just like back in the good old days when you could only live in a company flat and buy food and supplies in the company store, giving back every dollar you earned in the steel mill. At least that way nobody ever makes enough money to ever quit or leave

Tue, 11/27/2012 - 23:57 | 3016447 scatterbrains
scatterbrains's picture

next will come news of some sort of plague with a few deaths linked to small farmers/ back yard gardeners in some vague far away town which was the result of not using good pesticide/insecticide practices causing an immediate outlawing (temporarily) of growing vegetables unless you are a certified JPM owned farm. Failure to comply or if found breaking the law will result in the immediate seizure of your lot which will be sold at auction the proceeds of which will be used to fight gardening crime.

Wed, 11/28/2012 - 02:05 | 3016598 TruthInSunshine
TruthInSunshine's picture


Wed, 11/28/2012 - 02:04 | 3016600 TruthInSunshine
TruthInSunshine's picture

Harvest. It's all elementary.

This is the why, how and who of why fractional reserve banking and pure fiat currency has been propagated as the core system of the "civilized" and developed economies of the world.

Those who can inflate or deflate the available pool of credit/debt/fiat at their sole discretion can literally buy the earth.

Give Fractional Reserve Banks the Ability to Inflate/Deflate at their Masters' Orders, & their Masters will Own & Control All Resources Without Nary Lifting A Finger

Wed, 11/28/2012 - 02:59 | 3016635 fourchan
fourchan's picture

at least we know what the fuck the system in federal reserve system means.


its been working flawlessly for a century.

Wed, 11/28/2012 - 03:08 | 3016639 TruthInSunshine
TruthInSunshine's picture

Some will call it "crazy, conspiracy talk," but there's a reason the fractional reserve fiat monster is on its 3rd reincarnation on American Soil now, and it isn't a mere historical coincidence.

It takes very powerful forces worshipping concentrated power to keep resurrecting such a steely beast.

Wed, 11/28/2012 - 07:14 | 3016793 youngman
youngman's picture

And they will have a very big...well fed..key word force to keep you from stealing and to help in the political distribution,,,,,not all will get food....just the connected...

Wed, 11/28/2012 - 00:00 | 3016452 cynicalskeptic
cynicalskeptic's picture

Except that nobody is actually WORKING because most jobs have been shipped overseas to low cost labor cneters like Cina, Vietnam and Bangladesh......

Expect one hell of a war soon to cut down on the number of surplus serfs.   Cheaper (and easier) to kill them off than keep them clothed and fed.  With any luck we might actually might manage to conquer some more oil for the next few decades as well (not really...  we couldn't even pull that off in Iraq).

Wed, 11/28/2012 - 00:01 | 3016454 scatterbrains
scatterbrains's picture

Very cool.. so JPM via their private partners will own the home you rent and will control what food you are allowed to buy with your EBT card which most americans will be using soon enough. I can't wait.

Wed, 11/28/2012 - 02:36 | 3016626 TruthInSunshine
TruthInSunshine's picture

That's the de facto plan. In fact, it's already been empowered & enabled in large part courtesy of the fractional reserve fiat system, where "units of credit" enjoying legally monopoly status, enforced by the Deeply Captured "sovereign governments," can be conjured from thin air and distributed in massive volume, gratis, to the owners of the fractional reserve banks.

Tue, 11/27/2012 - 23:48 | 3016415 Caviar Emptor
Caviar Emptor's picture

The chart above depicts how biflation is baked into the economic cake: rising fixed costs (including fixed costs for food stamps and medicaid) with declining income (tax revenue from prvate employment). This applies on the individual level too as real median incomes decline in the face of rising cost of living. But the gov also supports the corporate welfare state with rising costs and diminishing revs 

Tue, 11/27/2012 - 23:48 | 3016433 fonzannoon
fonzannoon's picture

Caviar where does the dollar go in a biflationary environment? It seems like it gets weaker and stronger at the same time.

Wed, 11/28/2012 - 00:20 | 3016479 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is some shit!

Wed, 11/28/2012 - 01:00 | 3016518 BlackholeDivestment
BlackholeDivestment's picture zero interest, today the Media Whores were selling the rise in home values in the gamBLING BLING state of ''Stays In Vegas''. 

Musta been a mis-read, to do with delayed Chinese executions, AKA aborted labor stats? 

P.S. It just hit me, the Vote 2 Party 666 Crypto Fascists and the Hitchhiker's thumbs are trying to avoid the unbecoming Data. Man do they look silly trying.

Wed, 11/28/2012 - 04:24 | 3016614 TruthInSunshine
TruthInSunshine's picture

Deflation on the things the masses can do without.

Inflation on the things needed to live.

(See actual reason food & energy are not included in BLS official inflation print, as well as other devious tactics employed by that lofty entity, such as Hedonic Quality Adjustment in the CPI - anecdotal example: New "cuts" of steak are being marketed by the Beef Council: Offal Won't Be So Awful Soon, and the BLS will substitute ground chuck with sweetbread mash).

Wed, 11/28/2012 - 00:56 | 3016538 MachoMan
MachoMan's picture

It devalues...  Focus on the trend, not each passing second.

In order to get the answer, you need to accurize the terminology.  Deflation is mutually exclusive with inflation.  As a result, bi-flation is an impossibility and, therefore, a ridiculous term.  In reality, it's probably simply cost push inflation....  stagflation might be another term, although caviar tends to shit on it.  Prices may go up or down in deflationary or inflationary environments...

Go to the gas pump and tell me the dollar is getting stronger.  I'll posit that the "strength" that you see of the dollar is only in the purchase of debt laden/over produced assets used mostly for consumptive purposes (as opposed to productive).

Tue, 11/27/2012 - 23:50 | 3016439 Conman
Conman's picture

Sorry but disagree. This chart jsut tells me that people stopped working which has nothing to do with inflation or deflation. Stopped working and went on welfare. Simple as that.

Wed, 11/28/2012 - 00:05 | 3016456 cynicalskeptic
cynicalskeptic's picture

Wake up - more like we shipped most of blue collar America's jobs overseas,  The drop in manufacturing jobs over the past 2 decades has been dramatic and catastrophic.

'Free trade' isn't 'free' - it's economic suicide for the West.


It doesn't help that places like Walmart keep huge numbers of employees at minimum wage and working part-time hours (better to avoid paying ANY benefits).  You'd be astounded at the number of Walmart employees collecting foodstamps and going to the emergency room for medical care (meanwhile the 6 Walton heirs are qworth more than 40% of ALL Americans combined). 

Wed, 11/28/2012 - 04:08 | 3016656 TruthInSunshine
TruthInSunshine's picture

So there's a real cost to "everyday rollback/low prices" that the Walton family uses to enrich themselves by exploiting labor pools in receptive foreign lands via slave-labor esque practices, such as the relentless, grinding away at America's formerly large (really) "middle class?"

As long as those "low prices" appear (but it's an illusion) to offset even faster sliding real wages, it's all okay to the sheeple.

Necessary products to live inflate at an honest 8% to 18% percent per year (oil, food, energy, etc.) while wages decrease in real terms by about 3% per annum, consistently, but the 400" Sensei 3D HDTV for $97 on Black Friday dulls the pain in the sheeples' collective cognisance?

Big Box Mart


Wed, 11/28/2012 - 08:39 | 3016898 Umh
Umh's picture

I'm worth more than 24% of Americans. All that really means is having a positive net worth.

Wed, 11/28/2012 - 00:19 | 3016478 spooz
spooz's picture

Get a clue. Lots of working poor with Mcjobs need food stamps to get by. Crappy Walmart wages are subsidized in this way. Per Rep.Alan Grayson:

"“In state after state after state, Walmart employees represent the largest group of Medicaid recipients, the largest group of food stamp recipients, and taxpayers shouldn’t have to bear that burden,” Grayson said. “It should be Walmart. So, we’re going to take that burden and put it where it belongs: on Walmart.”

Wed, 11/28/2012 - 01:24 | 3016568 Conman
Conman's picture

Huh, whats your argument? So you are saying all people on food stamps are working poor? Lol, thanks for hte good laugh. I'll go with what i see with my eyes that these idiots popping out 10 kids and do not work are the ones contributing to that parabolic food stamp usage #.

Wed, 11/28/2012 - 02:00 | 3016595 IllusionOfChoice
IllusionOfChoice's picture

Are you kidding? That's a clear example of corporations preying on the state (and citizens) and the state not doing anything about it. Walmart does it because they can and lets us all pay what should be their overhead through taxes.

If it's bad when one person does it, you have to recognize it's worse(st) when the largest employer in America is gaming the system.

Wed, 11/28/2012 - 06:28 | 3016749 mendigo
mendigo's picture

Because if you actually look at the graph it suggests that people did not stop working - that emplyment was relatively flat.
Classic case of interperating info in a way that justifies what you want to believe.

Wed, 11/28/2012 - 12:40 | 3017666 marathonman
marathonman's picture

The little discussed feature of dollar reserve status is that it artificially creates demand for dollars and makes the country with the reserve currency subject to loss of jobs due to this artificial currency strength.  Many did stop working and went on welfare, but many were simply forced out by a currency that is artificially propped up by reserve status and an insane central bank that keeps a monetary Ponzi scheme going on the backs of ordinary citizens.  Welfare is the political stabilizer to keep TPTB TPTB, if you know what I'm saying (and I think you do...)

Tue, 11/27/2012 - 23:53 | 3016440 toady
toady's picture

It's the downward spiral. The only people who are trying anymore are developing ways to make things worse for everyone else.

The 1% won't be happy until everyone makes a dollar a day and the government is responsible for housing, feeding & clothing the wretched refuse.

Wed, 11/28/2012 - 00:01 | 3016453 Zgangsta
Zgangsta's picture

I don't understand this chart.  158% of what, exactly?

Wed, 11/28/2012 - 00:13 | 3016471 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It looks like an increase from the baseline.

Wed, 11/28/2012 - 09:40 | 3017055 Acet
Acet's picture

That chart is misleading and not all that usefull - all it shows is a comparative rate of growth. Absolute numbers are more interesting.

If in a little town of 100,000 yesterday there was 1 person on food stamps and today there are 2, that's a 100% increase. If there were 30,000 unemployed and a mill closed so now there are 31,000, that's "only" a 3.3% increase. In that chart, the first would be a huge jump and the later would be nary a blip, yet one would argue that 1000 new unemployed is a more important development than 1 more person on food stamps.


Wed, 11/28/2012 - 00:03 | 3016457 AU5K
AU5K's picture

Too bad disability enrollment and long term unemployment enrollment weren't included too.

Wed, 11/28/2012 - 00:50 | 3016468 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Yeah well when Americans are forced to bail out corrupt institutions that shipped all the jobs overseas they will take advantage of the wellfare democracy that is lying around.

Wed, 11/28/2012 - 09:07 | 3016929 darteaus
darteaus's picture

"Americans are forced to bail out corrupt institutions that shipped all the jobs overseas..."

That would be our government.

Wed, 11/28/2012 - 00:20 | 3016477 Schmuck Raker
Schmuck Raker's picture

OK, whatever Tylers....

There's a more important topic FINALLY available for discussion....

SNOORG TEES is now available as an ad on my screen when I visit Zero Hedge.

That has not been the case for the last THREE WEEKS----- since the ELECTION!!!



[Oops, I'm outta Rum.]

Wed, 11/28/2012 - 00:25 | 3016491 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'm drinking cider with maple syrup infused in it.  It's fucking good shit.

Wed, 11/28/2012 - 06:41 | 3016763 BigDuke6
BigDuke6's picture

Well done sah!

Try scrumpy/holsten and black. Thats good too.

Wed, 11/28/2012 - 06:07 | 3016736 Wakanda
Wakanda's picture

So buy a T shirt allready.  You can cuddle with it during the next psycho season, I mean election.

Wed, 11/28/2012 - 00:25 | 3016489 Schmuck Raker
Schmuck Raker's picture

On a soberore note:

Can we all agree that the YELLOW LINE is (relatively)immaterial?

Wed, 11/28/2012 - 02:02 | 3016596 IllusionOfChoice
IllusionOfChoice's picture

I think the answer is yes. Yellow line is just baby boomers, right?

Wed, 11/28/2012 - 07:27 | 3016811 AurorusBorealus
AurorusBorealus's picture

No.  The yellow line is not just baby boomers.  Medicaid is available to anyone who has little or no income or who has very high medical bills.  For the most part, a growth in seniors on Medicaid would coincide with the number of seniors in nursing homes.  The number of seniors in nursing homes has not risen that dramatically in the past decade.  Most likely, this increase is only, in small part, from seniors, and represents the increase of Americans who expect to collect government benefits for life: disability / welfare, food stamps, low-income home energy assistance, section 8 housing subsidies, Medicaid... it's all one package.. and the rise in Medicaid goes hand-in-hand with the rise in food stamps, disability, etc.

Wed, 11/28/2012 - 09:33 | 3017011 Bicycle Repairman
Bicycle Repairman's picture

Yes.  Medicaid is not Medicare.  Confused?  Unintentional, I'm sure.

Wed, 11/28/2012 - 00:36 | 3016510 q99x2
q99x2's picture

That's one way of looking at it. Another way is to realize people can get by without having to work to just make ends meet. They can kick back play music, read and do research on the internet and get to know one another. Thay can go to college, develop open source software, redesign the financial system and society without central banksters and politicians according to the technology available instead of having to be stuck with the primative system that is currently in place. All these things would not have been possible without the psychopathic desire and greed of an interbred ruling elite. Then when their system breaks the new system will be ready to fire up and we can lock the old elite class away and dismantle their system along with its stolen wealth into the new system. It is all working out perfectly.

Wed, 11/28/2012 - 10:39 | 3017286 De minimus
De minimus's picture

With you and your friends in charge I suppose?

Wed, 11/28/2012 - 01:17 | 3016541 earleflorida
earleflorida's picture

"The Giant Sucking Sound!"

Pick your Poison,... cyanide or a chilled hemlock cocktail via Bush or Clinton? Perot had a message knowing whomever got elected... the NWO's Step-Child, NAFTA, would prevail,... thus, this famous Casandra's clarion call, heard round the world!

He didn't split the vote-- no sir`re, his goal later bolster'd by a new face... a disciple of freedom. This truthsayer named Ron Paul whom also has come of age-- to educate the sheeple as to why the gates of the abattoir open-wide. so wide a yarn, that its spell-bound web need not but a feeding trough overflowing with manna from above... labeled room 101! into the very poor house that shall eat them whole,... singing  praises for the bountiful keeper, as their sleep is euthanize'd forevermore, whence fertilizing their once promised fields of dreams.

how ironic,... how very oligarchical! 

Bush #41 [Corporate/ Globalization of the NWO] --- Ross Perot --- Slick Willy [Walmart & NAFTA]

Wed, 11/28/2012 - 01:33 | 3016576 Rockerchic
Rockerchic's picture

That blue line has not even BEGUN to keep up with the social programs, medicaid and mental health onslaught of new clients, which is why I just QUIT my 10-year, good-paying, nice-benefit county job. I'M FUCKING EXHAUSTED and can't take it anymore. 80% of my colleagues either retired early, DIED or went off on disability. I decided it's not worth killing myself to preserve my middle class lifestyle, so I've thrown in. 

Wed, 11/28/2012 - 01:42 | 3016581 IllusionOfChoice
IllusionOfChoice's picture

Is there an easy way to go long food stamp enrollment besides buying JPM? I have a feeling there is still room for growth.

Wed, 11/28/2012 - 09:19 | 3016951 fiftybagger
fiftybagger's picture

Certainly not on Intrade anymore for American sheeple thanks to CFTC silver suppresor Gary Gensler

Time to fire up the bitcoin intrade sites

Wed, 11/28/2012 - 01:47 | 3016584 Lord Of Finance
Lord Of Finance's picture

Why all the glum people. Did you not here the commerce departments report that consumer confidence shot up to 5 year highs. We are almost out of this. Welcome to the recovery.

       Sincerely Your Friend,

                       Timmy Geithner

Wed, 11/28/2012 - 02:26 | 3016618 Lord Of Finance
Lord Of Finance's picture

Fuck You Tim Geithner!

Wed, 11/28/2012 - 04:02 | 3016675 Bear
Bear's picture

All DC too

Wed, 11/28/2012 - 04:06 | 3016676 Bear
Bear's picture

I am just so glad that everyone is doing so well ... 99 weeks+Food Stamps+Medicaid+iPad,55"TV,Daily Starbucks = The American Dream (the good life)

P.S. I'm not too bitter

Wed, 11/28/2012 - 07:18 | 3016799 smacker
smacker's picture

That chart shows that the United States is drifting further towards socialism. And it comes as no surprise the big shift has occurred under Obamarama. That's what American people voted for in 2008, and again this month.

Take it as true from a European, there is no way back from socialism without economic/societal collapse and/or revolution, because when people vote to roll back socialism they're always outnumbered by those in receipt of the State's largesse. That is how socialism operates.

Wed, 11/28/2012 - 07:46 | 3016828 Bobbyrib
Bobbyrib's picture

Why not move to the US if you are so unsatisfied? Waht do you understand corporate fascism, or something?

Wed, 11/28/2012 - 10:30 | 3017253 smacker
smacker's picture

To me, corporate fascism is crony capitalism and has little to do with free market capitalism. It's simply an extension of socialism (see Mussolini).

One becomes totalitarian via the economy, the other via society. But they both arrive in the same cesspit called totalitarian govt. The US, UK and Europe are all traveling down this same u-bend; they just started from different points and use different languages to deceive their citizens.

Wed, 11/28/2012 - 07:45 | 3016825 Bobbyrib
Bobbyrib's picture

This is the beginning of a lost century.

Wed, 11/28/2012 - 08:27 | 3016878 proLiberty
proLiberty's picture

At its core, Socialism is the fraudulent offer that we each can live at the expense of others.

Socialism cannot deliver on its promise of a better life for all if only we would agree to this. Decades ago, economist Ludwig von Mises proved that a socialist economy destroys the very economic signals that allow the myriad of participants to measure their expenses and incomes, and thus concluded that a socialist economy was not sustainable. This was restated in more simple terms by Margaret Thatcher in her widely circulated quip that socialism works until it runs out of other people's money.

A Christian should know how this easily violates three of the Ten Commandments (lies, coveting and theft), and how it must always imply the use of coercion through the threat of deadly force. In Matthew chapter 20, Jesus gave the Parable of the Workers in the Vineyard. This parable is full of free market and liberty-oriented implications. It ends in verse 15 with the rhetorical question that destroys socialism: "Is it not lawful for me to do what I want with my own?" The socialist would answer that question with a bullet, and the history of Stalin, Mao, Castro and Pol Pot proves this to be the case. 
Wed, 11/28/2012 - 11:22 | 3017417 smacker
smacker's picture

Brilliant, I agree totally with that.

Wed, 11/28/2012 - 11:37 | 3017456 darteaus
darteaus's picture

2 Thessalonians 3:10

For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."


Socialism: 100% FAIL - everywhere and everytime.

Wed, 11/28/2012 - 09:04 | 3016922 orangegeek
orangegeek's picture

And the last pins to drop are the markets.  We need an end to bull runs on zippo volume - virtually all corps have revised down for Q4 and the markets keep climbing.  The markets have become a haven for computers to bounce trades between one another.


But even the algos/bots have to produce a net positive result and they are running out of rope.

Wed, 11/28/2012 - 12:45 | 3017671 jplotinus
jplotinus's picture

Wait. Does anyone here fail to grasp that in the aftermath of two decades of steady outsourcing of American jobs, virtually gutting American manufacturing, there will be a need for food stamps?

It is the blue line that is most revealing. The vaunted private sector that is supposed to convert low taxation into job creation has failed and failed utterly.

Perhaps the new economic paradigm will have to take into consideration that post-industrial societies are those where people do not have jobs. This mighn't be so bad, come to think of it.

Rhetorically speaking, why is it so important to have a job?

Although that is my rhetoric, it would appear capitalism asked the same question in the 1980s and decided the answer was in the negative. People don't need jobs in capitalism. Or, at a very minimum, they will no longer get good paying ones in abundance. Not from a capitalist model. No sirree!


Deal with it

Wed, 11/28/2012 - 13:01 | 3017705 Roandavid
Roandavid's picture

I'm looking for this chart at their site and can't find it.

Anybody know just exactly where it is?

Wed, 11/28/2012 - 16:42 | 3018410 Roandavid
Roandavid's picture


Wed, 11/28/2012 - 18:22 | 3018693 woggie
woggie's picture

the beast is on the gobble
and all that matters is we're all headed for it's belly

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