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On The Fiscal Cliff And A Constitution In Crisis

Tyler Durden's picture




 

Authored by Gordon T. Long of GordonTLong.com,

The Political Foundation of the status quo in America is based on a Grand Bargain of Complicity between the top 25% who pay approximately 90% of the taxes, and the bottom 50% who draw on the benefits that come from government. James Madison in the "Federalist Papers" outlined this complicity in the "Tyranny of the Majority". What is becoming painfully evident is that the political elite in America have falsely over-promised on the entitlements that can be delivered, which is now surfacing in the political turmoil of the Fiscal Cliff negotiations and has the potential to quickly lead towards a constitutional crisis.

Meanwhile the very top 1% of Americans, that pay 25% of the taxes and control most of the productive wealth in the nation, are securing and exercising increasing powers within the government, through what is becoming increasingly identified as 'Crony Capitalism" and "Corporatocracy". Thomas Jefferson also warned us about this potential constitutionally destabilizing influence which could emerge within the structure of the 'separation of powers'.

Out of a population of 315 million, presently only 115 million Americans have full time, non-government funded jobs. This is the same as 12 years ago and before an additional 33 million students, immigrants, single parents of others attempted to enter the workforce. It is now fracturing the social compact and the revealing the delusion of the American dream being available to all who are willing to work for it. There is no work, and certainly insufficient work which pays a wage which will support what is expected as a middle class standard of living.

This Grand Bargain is now rapidly fraying as 75 million baby boomers begin retiring and find the promises made to everyone cannot possibly be met. As the Fiscal Cliff crisis is blatantly bringing to the public's attention, for those who can read between the carefully crafted lines, funding for Social Security, Medicare/Medicaid, National Security and Interest on the debt is consuming more than can be realistically raised through taxation.

To collect enough tax revenue to avoid going deeper into debt would require over $8 trillion in tax collections annually. Expropriating the entire income of the top 25% of households that pay almost 90% of the tax and all corporate taxes would only bring in $6.7 trillion.

"The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion"

 

Chris Cox and Bill Archer, Former Congressmen - WSJ 11-26-12

Claims on welfare and disability programs are skyrocketing at the same time that the demographics of an aging populace are causing 10,000 people a day to enter Social Security and Medicare, the two costliest government programs. Meanwhile, the upper-middle class that pays most of the taxes has been slammed with lower income and a devastating drop in their housing-based net worth. Compounding this is the fact that the disillusioned wealthy have slowed dramatically their invested CAPEX (Capital Expenditures) in productive assets in the US.

This above confluence and much more discussed in the video, indicates that is is leading to a Constitutional Crisis by the end of the decade.

 

 

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Sun, 12/09/2012 - 14:52 | 3047127 CH1
CH1's picture

Only a minority of Americans care at all about the Constitution.It's just a slogan to toss around in certain circles.

Most want only to be treated like pampered pets. All else is just in the way.

Sun, 12/09/2012 - 14:51 | 3047130 AssFire
AssFire's picture

and they are not on the Supreme Court...

Sun, 12/09/2012 - 15:03 | 3047158 New England Patriot
New England Patriot's picture

Makes me want to get out from under the system when it tips over. 

Sun, 12/09/2012 - 16:00 | 3047227 macholatte
macholatte's picture

 

 

This Grand Bargain is now rapidly fraying as 75 million baby boomers begin retiring and find the promises made to everyone cannot possibly be met.

 

I'm happy to forgo 100% of my Social Security "benefits" in return for restoring my net worth to what it was on July 4, 2008. Hell, I'll even take it in Benny Bucks.   


Sun, 12/09/2012 - 16:04 | 3047235 macholatte
macholatte's picture

 

'Crony Capitalism'

 

Implies there is no Crony in Communism or Socialism.  Only Capitalism is toxic to the sheeple.

Just more MSM hate America propaganda.

Sun, 12/09/2012 - 17:02 | 3047295 verum quod lies
verum quod lies's picture

Good point.

Sun, 12/09/2012 - 17:14 | 3047308 negative rates
negative rates's picture

You know you are over the hill,......when your mind makes a promise that your body can't fill. Old folks buggie.

Sun, 12/09/2012 - 21:37 | 3047627 scatterbrains
scatterbrains's picture

Little Feat bitchezz

Mon, 12/10/2012 - 01:22 | 3047990 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

"You yelled Hey

When your car wouldn't start

So you got real nervous

Started to eat your heart out

Now you're so fat

Your shoes don't fit on your feet

You got trouble

And it's tailor-made

So Mama lay your head down in the shade

Cuz your eyes are tired

And your feet are too

And you wish the world was as tired as you

So I'll write a letter

And I'll send it away

And put all the trouble in it you had today..."

Sun, 12/09/2012 - 17:39 | 3047348 Spastica Rex
Spastica Rex's picture

What's the difference?

Sun, 12/09/2012 - 17:50 | 3047361 Pool Shark
Pool Shark's picture

 

 

Communisim is "man exploiting man;"

while Capitalism is the other way around...

 

Sun, 12/09/2012 - 19:11 | 3047448 NoControl
NoControl's picture

Not sure if you took it the way the prhrase is meant, Dude.

I'd interperet "Crony Capitalism" to be distinct from regular Capitalism; the former being a perversion of the ideal.

From the examples we've seen tested in the world, the phrase "Crony Communism" is redundant.

 

Mon, 12/10/2012 - 13:07 | 3048871 dbTX
dbTX's picture

NoControl:  Chrony Capitalism is an oxymoron

Sun, 12/09/2012 - 19:36 | 3047494 F. Bastiat
F. Bastiat's picture

The very word "capitalism" implies acceptance of false marxist premises.

These marxist superstitions will quite possibly lead to the destruction of mankind.

Sun, 12/09/2012 - 19:42 | 3047503 Tom G
Tom G's picture

I disagree. The "crony" is redundant when one says "crony communism". With capitalism, a virtuous system of voluntary cooperation, one must add another term to show that it's a perverted and mutated form. I quite enjoy the term "crony capitalism". I even use it with my leftist friends to subtly imply that we are not operating within a free market.

Sun, 12/09/2012 - 20:22 | 3047558 NoControl
NoControl's picture

You don't disagree at all.

if you read it again, we mean the same thing.  ;-)

Sun, 12/09/2012 - 16:14 | 3047245 Anusocracy
Anusocracy's picture

This is a natural evolution of the presence of a democratic government in society.

More and more people desire to live like the government does: at someone else's expense.

Sun, 12/09/2012 - 19:18 | 3047458 rbg81
rbg81's picture

Ever wonder why the concept of a Zombie Apocalypse (ZA) has gotten so much mileage in popular culture?  My gut is that people instinctively know we're going to be faced with a situation where the bottom 50% rise up to riot and pillage after the $$ runs out.  When the EBT cards are finally turned off, the resulting effect will probably be very similar to a ZA.  Of course, when you shoot the rioters, they will go down.  But that will be the only difference.  Zombie movies are society's way of preparing for the inevitable collapse of the System.  In short, we use fantasy to mentally prepare because the reality is too horrible to soberly comtemplate.

Sun, 12/09/2012 - 19:24 | 3047466 Cathartes Aura
Cathartes Aura's picture

.

Zombie movies are society's way of preparing for the inevitable collapse of the System.

ever wonder why "society" plays out the media memes?  like, movies & TeeVee and shit?

which comes first, the media or those who watch the media acting out like monkeys?

porn culture has surely made an impact on "society" - as does sporting culture, and "reality" TV culture, etc.

not so much creativity at the bottom end of the "watcher/doer" scale. . .

Sun, 12/09/2012 - 20:09 | 3047536 rbg81
rbg81's picture

Porn culture has surely made an impact on "society".

Yeah, like when some random woman and I are the only ones in an elevator and we immediately start having sex.  That NEVER used to happen until Internet porn came along.

Sun, 12/09/2012 - 20:45 | 3047586 Cathartes Aura
Cathartes Aura's picture

yeah, and then you tweet the location, and put up a youtube vid you took on yer i-phone, and everyone rates you, and then others work at doing it the same but better, and then. . .

everyone's pre-occupied pushing the pleasure-buttons.

woof.

Mon, 12/10/2012 - 00:38 | 3047904 Manthong
Manthong's picture

Porn culture has surely made an impact on "society".

You can say that again.

You know when you’re working very late at the office all by yourself watching the ES ramp after hours on your computer display and then the hot little twenty-something blond cleaning girl pushes her cart past your office door and then comes in and walks toward your side of the desk, and stares into your eyes as she reaches for your wastebasket and then she stops, seductively looks at you, takes in a slow long breath, throws her hair back and unbuttons her smock and blouse then drops to her knees and addresses your lower regions..

And then your wife suddenly walks in because she knew you were working late and wanted to surprise you with a Pastrami sandwich, and then she stops aghast for a moment.. pauses, her eyebrows rise and then fall to a squint over her coy half smile as she starts to take off her size 26 moo-moo  so she can join in your little party..

I hate when that happens.

Mon, 12/10/2012 - 10:01 | 3048315 GMadScientist
GMadScientist's picture

And then the blonde turns out to be a Tranny (damn your big big feets) and it was all a set-up to trigger your half of the prenup.

 

Mon, 12/10/2012 - 12:21 | 3048729 Tom of the Missouri
Tom of the Missouri's picture

That is hysterically funny!  LOL!   I once had a prenup and once needed one.  Now divorced for the 2nd time with assets slowly twisting in the wind I feel the same way that guy did.  Details were different but I can relate to that poor sucker.  What can one do but laugh as I await the zombies to finish me off.   LOL

Sun, 12/09/2012 - 22:55 | 3047719 Errol
Errol's picture

rbg81, I came to exactly the same conclusion: the whole Zombie Apocalypse thing is an attempt by people to desensitize themselves to what they know is coming.  You absolutely MUST demonize the Other before you can kill them with a clean conscience.

Mon, 12/10/2012 - 00:34 | 3047910 old naughty
old naughty's picture

From the sound of it, it's not people who desensitize themselves, but some-thing desensitize people, no?

Sun, 12/09/2012 - 14:53 | 3047135 Conman
Conman's picture

Consti-what? Hows the NFL Wild card race looking?

Sun, 12/09/2012 - 15:08 | 3047166 CH1
CH1's picture

Exactly.

Mon, 12/10/2012 - 10:02 | 3048318 GMadScientist
GMadScientist's picture

Full of shitty teams that won't make it past the first round, like every year.

Sun, 12/09/2012 - 14:54 | 3047137 Karlus
Karlus's picture

They only care about being bailed out because all the talking box spews is everyone is on the take.

Corporate bailouts, things the rich do, etc etc means people have no morals or compuction taking "what is theirs."

They absolutely categorically do not care if its sustainable or not. Thats in he future, they only care about today. "Where is my stuff and who is going to give it to me?"

Sun, 12/09/2012 - 14:56 | 3047139 TheFourthStooge-ing
TheFourthStooge-ing's picture

Although most Americans think they support some vague concept of freedom, they don't like and distrust anyone attempting to exercise freedom.

Sun, 12/09/2012 - 15:17 | 3047173 Tirpitz
Tirpitz's picture

"... most Americans think they support some vague concept of freedom"

The MSM makes it happen. As well as the unconditional bailouts of never-producing producers, as well as humanitarian bombings to spread democracy.

Sun, 12/09/2012 - 15:51 | 3047187 akak
akak's picture

Although most Americans think they support some vague concept of freedom, they don't like and distrust anyone attempting to exercise freedom.

__________________________________________________________

Made me laugh.

More 'american' kicking of cans, forcing blame to the posterior, inability to self-ignite, farming the leek and exporting the poor.

Most 'americans' only support freedom for 'americans' to live the 'american' 'americanism' rifestyle.  Indians of 'american' fabled past still require flogging, land theiving of, negro slaveism in new guise, blobbing-uppism of resources to support car-orientaled life path.

No such problems in Chinese Citizenism.  Complete hypocriticality and time-traveling flying rickshaw Easter Island adventurism leading to perfection of society under Communist Sharty rule.  Unwilling subjects such as Uighurs and Tibetan 'foreign devils' can merely be redefined as Han Chinese and exterminated accordingly.

Alas, morass, triple bypass, just have to bear with it.

Sun, 12/09/2012 - 15:52 | 3047219 linrom
linrom's picture

This is some excellent writing. Bravo!

Sun, 12/09/2012 - 16:04 | 3047234 JohnnyBriefcase
JohnnyBriefcase's picture

My rifestyle is non-negotiabru!

Sun, 12/09/2012 - 17:01 | 3047288 akak
akak's picture

Rifestyle non-negotiabilatationalisticalism is indeed the mettle of the mattering thing, the crustiest bit of the very important something.

Sun, 12/09/2012 - 17:36 | 3047343 TheFourthStooge-ing
TheFourthStooge-ing's picture

US citizenism gives very little grip on the can due to can kickation being eternal nature inherently thereof. Mind you, in the US citizenism context provided by immediate time, expectation of tackling an issue ends with delusional fossil embittermentation.

A repeation: the substance of the institution is the matteringest thing. Hopefully, there was that mistake, else one may try to manipulate that basic fact to impose his dominatrix ideal that US citizens have been somehow naive.

It is somehow funny and very US citizenish that facts are facts. The depiction of a repeation of events grows a repeation itself.

Do you have a way to beat that?

Leading by the example...

Sun, 12/09/2012 - 18:13 | 3047382 akak
akak's picture

US citizenism gives very little grip on the can due to can kickation being eternal nature inherently thereof. Mind you, in the US citizenism context provided by immediate time, expectation of tackling an issue ends with delusional fossil embittermentation.

___________________________________________________________

American US Citizenism 'americans' being masterings of can kickationalizings, bold jade gate offuscations of self-denialings to the high curtain contraryness.  Constrasts necessary doing with Chinese Citizenism 'sons of heaven', in the whom kicking of cans muchly impossible oweing to piles of nightsoil on and along roadsides. 

Neverthemore, when beatings are called for, none so highly qualified as 'american' Chinese Citizenism citizen official protest smashers ....

Sun, 12/09/2012 - 18:50 | 3047427 Jendrzejczyk
Jendrzejczyk's picture

If I could, I would send you both one of these for the holidays.

https://www.google.com/search?q=smorkin+labbit&hl=en&client=firefox-a&hs...

Sun, 12/09/2012 - 22:10 | 3047664 TheFourthStooge-ing
TheFourthStooge-ing's picture

Alas, alas, one less than quadruple alas, blobbing up of smorkin labbitism being now reflectational of American US citizenism 'americans' intheftation of 'american' 'indian' Indians fabled past customizations is. American US citizenism 'americans' stealth of tobacco smokery ceremonialization shown now exhibitionous the same US citizen line of thought that give somehow that natural seeping flows were to match what should be the terminal point.

Because right now, plentifully. Quite well for those on the good side of the process, only one time please is enough.

After US citizen treatment, it will be the same?

What, it is another question.

Sun, 12/09/2012 - 17:14 | 3047305 Freddie
Freddie's picture

All enabled by idiots who watch TV and Hollwyood's crap that help keep The Matrix in control. Dumb serfs.  They traded liberty for HD and a clicker.

Mon, 12/10/2012 - 07:08 | 3048157 awakening
awakening's picture

Now just add your choice of junk food to that (bread and circuses) and you'll have a winner on your hands :D

Mon, 12/10/2012 - 10:27 | 3048382 GMadScientist
GMadScientist's picture

But mah tawk ray-dee-o spakes thah troooth!

Sun, 12/09/2012 - 19:25 | 3047473 Clesthenes
Clesthenes's picture

Actually, the Constitution has been trumped by Public Employee Retirement Systems; where constitutional principles subtract from pension/bribe payments, it is ignored; where it adds to pension assets, it is followed religiously.

 

As far as the $86 trillion debt is concerned, this is a total calculated with “present value dollars”; if it was calculated with dollars you and I use… well, people wouldn’t believe it.  Also, see A Tale of Two Bribes, in previous link.

 

It really doesn’t matter.  One way or the other, the system cannot survive, and does not deserve to survive: it is cannibalizing its young.

 

So, what’s the solution?

 

According to the Declaration of Independence (approximately), ‘when governments become destructive of these ends (protection of rights), it is the right of the people to alter or abolish such governments and set new guards for their liberties.’

 

Such a solution will not be easy, it will not be quick; but it is the only solution that has ever worked.

 

It has been done three times in the past 2500 years; and, over the past 5000 years, it has been attempted thousands of times and failed.

 

Why?  Because the history, law and procedures of redress were unknown by those that failed.  While American Founders had this knowledge, current generations of Americans (and Englishmen) have none of it.  Instead, “knowledge” possessed by current generations consists of mental sewage (some call it indoctrination) fed to them by governments and media, churches and educational systems all dominated by the plundering class.

 

Here’s a short account of how English rebels (1620-50) brought down judges and tax collectors, bishops and kings who thought they could impose taxes against the consent of those taxed, among other grievances; the same English rebels who, 150 years later, guided American rebels.

Sun, 12/09/2012 - 23:23 | 3047762 sun tzu
sun tzu's picture

The reset button will be pressed and there's nothing that the government or any of us can do about it except to be prepared

Mon, 12/10/2012 - 07:18 | 3048158 awakening
awakening's picture

Example is a rather light compared to the Scottish before them: https://en.wikipedia.org/wiki/Arbroath_declaration

Mon, 12/10/2012 - 10:34 | 3048404 GMadScientist
GMadScientist's picture

Or you could skip the blood and have another convention; that's in the doc too.

Mon, 12/10/2012 - 11:44 | 3048607 Cole Younger
Cole Younger's picture

The Constitution is just paper and means nothing. If you have not figured that out, you are part of the brain washed masses. 

The legal doctrin of "Neccessitas non habet legens" that is located in the Necessary and proper clause negates the bill of rights and all other enumerated powers of Congress. What is the doctrin? it is held that "Necessity has no law" and it was clearly demonstrated during the gun confiscation that took place in the aftermath of Katrina. Other istances are subtle.. The supreme court has ruled a number of times the first amendment and other so-called rights have limitations. An example is you can't mention a bomb in a airport or yell fire in a movie theater..

Constitutional rights exists in peoples mind. They are legal theory, not legal facts. Once you wrap your mind around this, your going to be better off.

Sun, 12/09/2012 - 14:57 | 3047144 Winston Churchill
Winston Churchill's picture

In a decade the US will probably be Balkanized into five seprate country's.

No need for a Constitutional crisis, nobody even gives more than  lip

service to that  anyway.

Sun, 12/09/2012 - 15:31 | 3047191 Ookspay
Ookspay's picture

I'm closing on property in the republic of Texas next month, JIC. Texas is asking for its physical gold back and has a pending law making enforcement of NDAA in Texas a crime. Every state has a right to leave the union that they created, moreso than the US had in declaring independence from the British in 1776.

The University of Texas just took delivery of 33 tons of gold, which according to World Gold Council statistics and the International Monetary Fund list of countries – gold holdings, would put UT at No. 49 in the world, just behind the country of Brazil.

Written by Texas representative Lyle Larson, the Texas Liberty Preservation Act says that “…Texas shall not provide material support or participate in any way with the implementation of Sections 1021 and 1022 of the National Defense Authorization Act of 2012 within the legal boundaries of the state of Texas.”

Sun, 12/09/2012 - 16:10 | 3047242 tickhound
tickhound's picture

Does that LIBERTY Preservation Act make any mention of the tax-funded public school system RFID?  Texas is the groundbreaking state in this freedo err safety measure, no?

Like New York to the lib, Texas is to the neocon...... Both are always "free-er" there, no matter what.

Sun, 12/09/2012 - 23:26 | 3047768 sun tzu
sun tzu's picture

It's one school in liberal San Antonio. Texas as a state is conservative for now, but there are super liberal areas like Austin and the Valley in South Texas. Dallas and Houston are also solidly democrat. Every countywide elected official in Dallas County is a democrat. Probably the same in Harris County (Houston). They're not NY liberals, but still solid Obamamites.

Sun, 12/09/2012 - 16:56 | 3047289 AgShaman
AgShaman's picture

Having your gold bars stored for you in the Comex registered vaults of HSBC in New York is not exactly taking delivery.

It's probably better than not buying any gold at all, but it is still leaving yourself open to get "Corzined" like MF Global.

If Kyle Bass wants to help the UT endowment, he would advise them to handle the vaulting themselves.

Trusting your gold storage to a known criminal enterprise like HSBC is like running with scissors...

(Perhaps nothing bad happens, but if so, it will be quite messy.)

 

Sun, 12/09/2012 - 17:07 | 3047300 Ookspay
Ookspay's picture

Your right, I thought that I read that they were going to take physical possession... It may become needed quickly should there be a run on the vault.

Sun, 12/09/2012 - 17:23 | 3047320 Hulk
Hulk's picture

UT took delivery...

Sun, 12/09/2012 - 17:25 | 3047325 Freddie
Freddie's picture

I thought Kyle Bass and the UT board had decided to take delivery in Texas???  If they have the gold at HSBC - they might as well just hand it over to the JP Morgue or Corzine??  WTF?  Are you sure?   Kyle is a dope if they have it at HSBC.

Sun, 12/09/2012 - 17:17 | 3047315 Freddie
Freddie's picture

UT took delivery more than a year ago thanks to Kyle Bass efforts. 

You better work to push out those LBJ Republican NWO types like the Bush clan and others.  Too many idiots in tX are interested in bread and circuses aka The Cowboys and high school football.  They also need to protect their border.    Texas is the best chance to save the land area formerly known as the USA.

 

Sun, 12/09/2012 - 18:57 | 3047433 Ookspay
Ookspay's picture

They need to protect their border to the west, refugee Californians escaping taxation and lunacy are arriving in texas by the thousands.

Sun, 12/09/2012 - 23:55 | 3047841 Bad Attitude
Bad Attitude's picture

Refugees escaping to Texas from many failed blue states - more than just California - is happening. The blue-state license plates of cars on the highways of Texas tell the tale.

Mon, 12/10/2012 - 04:49 | 3048102 floridasandy
floridasandy's picture

but those are californians who have seen liberal damage with their own eyes, and obviously they didn't like it.

texas does have a serious problem with illegal immigration that isn't being addressed, as does florida. (on purpose)

Mon, 12/10/2012 - 12:01 | 3048658 GMadScientist
GMadScientist's picture

But the only people leaving CA are the Republicans (just ask em!)...you should love em.

Oh, is it because they're brown?

LOL

Sun, 12/09/2012 - 19:16 | 3047457 Flakmeister
Flakmeister's picture

Ookie, Hate to break it to you but no state has the right to secede...

See Texas v. White for example...

http://en.wikipedia.org/wiki/Texas_v._White

Sun, 12/09/2012 - 21:46 | 3047641 Ookspay
Ookspay's picture

No state has the right to legalize weed either, but they did. If things get as bad as predicted and the fedgov implodes due to massive debt and default, who's going to stop states from reasserting their sovereignty? Everything is now possible.

Sun, 12/09/2012 - 23:33 | 3047786 sun tzu
sun tzu's picture

What a surprise. The federal government says that no state has the right to secede. I'm sure the British courts would have ruled against the revolutionary colonists too. I'm sure that the fact that the Chief Justice at the time was appointed by Abe Lincoln didn't come into play. 

 

I've read the majority decision and it makes no sense. All they say is that the Union is indissoluble. It doesn't say why or what laws states that it is dissoluble. Remember that the SC once ruled that slavery was legal and that blacks were not fully human. Just because a majority of 9 fools in black robes say something does not make it so.

Mon, 12/10/2012 - 09:58 | 3048314 Ookspay
Ookspay's picture

Right on sun tzu! The South had every right to seceede from the union! Abraham lincoln was perhaps one of the worst presidents ever. He violated the Constitution over and over and forced a bad marriage to stay together, 750,000 war dead later and a devasted South that is still being punished by the Fedgov and our differences are still irreconcilable. Time for CW part deux!

Sun, 12/09/2012 - 19:38 | 3047495 exartizo
exartizo's picture

Ummmm.. actually my friend. I live in Texas and UT took delivery a whiiiiiile back.. around April 2011.

Texas Legislation means nothing if the Feds don't want it to.

I'm thinking Iceland myself.

Sun, 12/09/2012 - 15:37 | 3047195 Mr. Magniloquent
Mr. Magniloquent's picture

We should be so lucky. Unfortunately, World War III will likely be invoked before this possibility blossoms, in which scenario the slumbering masses shall coddle their dream of the All-Father State ever yet more desperately.

Please forgive my momentary pessimism.

Sun, 12/09/2012 - 17:16 | 3047312 azzhatter
azzhatter's picture

But...but I thought Natgas was going to save us all

Sun, 12/09/2012 - 17:28 | 3047328 Freddie
Freddie's picture

I think the Obam-Soros facism takeover happened in 2008 because of energy.  Countries that end up with a lot of energy get F over.  See Venezuela and others.  Norway was one of the few that got less screwed over the by the elites.  

Sun, 12/09/2012 - 15:38 | 3047197 WillyGroper
WillyGroper's picture

You mean the 5 FEMA camp zones?

 

 

Sun, 12/09/2012 - 15:48 | 3047208 Jam Akin
Jam Akin's picture

Isn't breakup into 5 that Russian guy's theory?  While there are 10 zones in the Council of Governors that was created by the current administration.

 

You need a scorecard to keep up with all of these theories...

Sun, 12/09/2012 - 15:51 | 3047216 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Brzezinksi would like to fractionalize all Nation-States.  Maybe that is who you are thinking of.

Sun, 12/09/2012 - 22:01 | 3047654 Jam Akin
Jam Akin's picture

Looked it up:  Igor Panarin (Ex-KGB Colonel) is the guy's name:  http://en.wikipedia.org/wiki/Igor_Panarin

 

Mon, 12/10/2012 - 12:05 | 3048680 GMadScientist
GMadScientist's picture

You're thinking of the Hunger Games.

Sun, 12/09/2012 - 15:04 | 3047160 lolmao500
lolmao500's picture

The faster this biatch collapses, the faster the banksters and their puppets can hang, the faster we can rebuild.

Mon, 12/10/2012 - 12:06 | 3048690 GMadScientist
GMadScientist's picture

If you had the will and conscience to build, the banksters wouldn't have you by the booboo in the first place.

 

Sun, 12/09/2012 - 15:07 | 3047163 Waterfallsparkles
Waterfallsparkles's picture

That is what happens when you get rid of the poll tax.

The Constitution was set up so that the only people that could Vote had to own Property.  Except if you paid a Poll Tax.

Now we have People that pay no Taxes voting that the People the do pay Taxes pay more and give it to them.

As Hardy used to say to Laurel.  Now look at the mess you have gotten us into.

Sun, 12/09/2012 - 15:30 | 3047189 A Humble Man
A Humble Man's picture

Water, what would the economy look like if we

1) taxed investment income at the same rate as labor income

2) do away with the mortgage interest deductibility on 2 personal properties.

The system is biased to those with money against the people who actually work for a living.

 

Sun, 12/09/2012 - 15:38 | 3047198 Ookspay
Ookspay's picture

The tax code is not designed to generate income it is designed to reward and punish certain behavior. Social engineering by TPTB.

Sun, 12/09/2012 - 15:50 | 3047212 Jena
Jena's picture

That's why it will never be simplified into something that is fair and easy to understand.  Besides, what would happen to all the CPAs who are currently gainfully employed?  No, the tax code will just get bigger and more arcane.

Sun, 12/09/2012 - 16:09 | 3047239 A Humble Man
A Humble Man's picture

Of course the tax code IS designed to generate income for certain groups of people at the expense of others. 

Sun, 12/09/2012 - 17:27 | 3047327 groundedkiwi
groundedkiwi's picture

william blake said if the lion and the ox live under the same law, then the law is oppressive. not sure if I have the animals correct, but you get the drift.

Sun, 12/09/2012 - 17:57 | 3047363 Waterfallsparkles
Waterfallsparkles's picture

Humble Man,

We all have to remember that before the Federal Reserve there was no Income Tax.  Now it appears to me that the Income Tax is only to pay the interest on the Debt the Federal Reserve creates from nothing.

Our Founding Fathers had it right but we have strayed from their wisdom.

As far as taxing investment income.  I am against any taxation of investment income.  If it is in the Bank earning Interest, appreciation of Stocks, Real Estate, or Rental Income.  After all it was already Taxed before it was put into those investments.  I do not believe in Double Taxation.

As far as Mortgage Interest deductiblity.  I would eliminate the Mortgage deductibility as long as any Capital Gains or income from that Property was not Taxed.

And the Death Tax should be eliminated entirely.  After all the people that Die paid Taxes on every penny of that Wealth before they Died.  Again Double Taxation.

You also asked me what the Ecomony would look like without the Mortgage Deduction and the Tax on Investment Income.  I think it would look absolutely GREAT.  Because People would have more money to spend from their Investments.  It would also encourage people to invest their Money in enterprise.  If it was a Business, Stock or Real Estate.  Sometimes I think everyone has it backwards.  They punish Savers and Investors in our Economy and reward Spenders.

Sun, 12/09/2012 - 18:56 | 3047432 RockyRacoon
RockyRacoon's picture

For the sake of argument:  If I give you a million bucks, should you pay tax on that as income?  I mean, I already paid taxes on it when I earned it.  What if I give it to my worthless kid(s)?  Should they pay tax on it?  So, it's not who gets it, it depends on whether it ever was taxed in the past?  What a can 'o worms.  Reductio ad absurdum, there would only be taxation of a dollar upon the moment it made its first commercial transaction, thereafter to be taxed no more. 

Mon, 12/10/2012 - 07:55 | 3048174 Waterfallsparkles
Waterfallsparkles's picture

If you earn Money and pay say 35% Tax on it. Then give Money to your Children and they are Taxed 35% say on the receipt of the Money.  Then they pass that Money on to their Children and they are Taxed 35% say on the receipt of that Money. On down the line.  Then in 2 Generations from yourself, all of the value of your Lifes Labor is gone.  Why is what you worked for gone?  Is your Life Labor worth 0? With all of it paid to the Government?

Sun, 12/09/2012 - 18:22 | 3047378 Waterfallsparkles
Waterfallsparkles's picture

A Humble Man,

Another comment.  We should never Tax Labor.  If we Tax Labor then we should also allow that Person to Depreciate themselves as they can only Labor effeciently for so many years.

Why is it that we cannot Depreciate the Value of our Lives and the limited years we have to work?  If in fact you Depreciated yourself like you do a Rental Property then you would not have to pay any Taxes at all.

Sun, 12/09/2012 - 19:00 | 3047435 RockyRacoon
RockyRacoon's picture

How 'bout we just go with the last part: "...you would not have to pay any Taxes at all."  Let the gov't do what it was allowed to do Constitutionally, tariffs and such, and for the purpose(s) outlined... period.  We've strayed so far off the path that finding our way back is impossible.

Sun, 12/09/2012 - 21:56 | 3047650 A Humble Man
A Humble Man's picture

Thanks water, I will agree with you on not taxing labor income.  I never thought of the depreciating the value of our lives.  Thanks for bringing it up.

Sun, 12/09/2012 - 15:48 | 3047209 Pants McPants
Pants McPants's picture

I disagree with the concept of voting in principle, but I like your comment.

Another 'tweak' that might improve voting is to allow only property-owning, non-government employees to vote.  Government-connected employees (e.g., contractors) would not be allowed to vote, either.

Sun, 12/09/2012 - 16:46 | 3047226 Future Jim
Future Jim's picture

That's why the Constitution says that residents of Washington DC cannot vote. It would be a conflict of interest. Therefore, anyone who works for the government should not be able to vote. Therefore, anyone who receives a check from the government should not be able to vote. Therefore, anyone who's company receives a check from the government should not be able to vote.

Hence, I just now crafted The Honest Voter Amendment.

Sun, 12/09/2012 - 17:45 | 3047359 lakecity55
lakecity55's picture

I think you should allow the military to vote, which the Communists now prevent them from doing by plane crashes destroying ballots, to mailed-late ballots, etc.

Most of the guys I know were RP supporetrs.

Sun, 12/09/2012 - 19:41 | 3047501 Cathartes Aura
Cathartes Aura's picture

which is weird, given that every single uni-formed voter volunteered to fight on behalf of corporatism.

besides, where do they derive their paychecks and subsequent hoped-for "benefits"?  that would be the corporate government, supposedly funded by tax-payers, yes?

kinda incestuous, IMO.

Sun, 12/09/2012 - 23:52 | 3047746 Jam Akin
Jam Akin's picture

 

Seems, with that comment, like you're venturing in terrain you do not directly understand very well.  Can't really say why (probably because few people are deep thinkers) but in my experience (in the Army) not too many folks in the military think about where the all encompasssing cocoon of pay and benefits comes from.  Military folks also, for the most part, genuinely believe they are fighting for right and honor and country - until conclusively proven otherwise.  They certainly do not believe they are fighting for corporatism.  They swore to uphold the Constitution - and that is why many in the service like Ron Paul - and perhaps also why the corporatists fear the eventual decision of those who will one day take a stand regarding the cognitive dissonance of unconstitutional orders from their "Commander-in-Chief".

 

Mon, 12/10/2012 - 00:42 | 3047929 old naughty
old naughty's picture

They swore and believed...some-thing is making reality for them.

Check out the Last Resort series...Not that I'd tempt you back to watch TV...after all the de-sensitisation is into everything, as exchanged in posts above.

 

Sun, 12/09/2012 - 16:14 | 3047244 A Humble Man
A Humble Man's picture

I used to think like that many many years ago.  I thought the smart, well-off, educated people should vote because `they` know better. 

I have come around 180 deg on this.  The poor, blind, disadvantaged, older,younger have a right to choose a representative to speak on their behalf and to protect their interests.

Sun, 12/09/2012 - 18:20 | 3047383 Waterfallsparkles
Waterfallsparkles's picture

Very much like the Unions that Vote and Strike.  They eventually put the Company out of Business.  Just look at what happened to Twinkies.  Also, happened with American Airlines.

When you have too much power on one side causing the host, whether it be a Company or a Government to pay out more than they take in, the eventual result is Bankruptcy.

The people on the receiving end at this time have enough votes to dictate what the people on the paying end pay.  Without it costing them one cent.  In fact they believe they will get more.

At this point I do not see it changing.  Probably end up like it was in Russia where no one had anything.  No food or Heat maybe 2 hours a day.  Everything was rationed.  Makes me think about Dr. Zhivargo where he came home and they had a small room in their own house with very little heat and lots of other people living there.  No one could have any more than anyone else.

Sun, 12/09/2012 - 19:32 | 3047485 TimmyB
TimmyB's picture

So much bullshit in one small post.  Bravo.

First, Twinkies are gone because vultures bought the company and bled it to death.  Blame a union for not wanting to accept making half what they used to and losing thier retirement plan all you want, but you would strike over that too.  Here's a clue for you, unions don't make the shitty business decisions that cripple companies.

You also make the bullshit claim voters run this country when our politicans are whores for the billionares.  This includes Obama.  That "commie" passed the gop-Heritage Foundation healthcare plan, which requires everyone purchase private insurance from our most powerful corporations.  

It wasn't welfare recipients who sent our manufacturing jobs to China, or lied us into a war in Iraq either.  Shit, most poor people don't even vote because they know it will change nothing. 

Sun, 12/09/2012 - 22:05 | 3047657 A Humble Man
A Humble Man's picture

I will agree with you somewhat on your Union comment.  However, in todays world I can safely say that management is equally to blame as is the unions when companies go bust.  Private companies live in a market based world so if one side takes too much or screws up then yes the company may go out of business.  In regards to the Hostess issue, I think management raped the company on this one.

I dont see the US following the path of Russia.  I dont think the Russian people ever had the sniff of freedom, capitalism, and individualism that the American people have experienced.

Sun, 12/09/2012 - 22:45 | 3047708 Nick Jihad
Nick Jihad's picture

Well, consider this re Hostess: it was sold many times. When you own a company that is being strangled by two unions, and you see no hope of changing that, you sell it. But who do you sell it to? Why would anyone buy a company that is doomed?  The answer is obvious - only someone who intends to gut the company before the union can, would buy it. So perhaps Hostess management were looting the company - don't the unions bear a share of the blame?

Mon, 12/10/2012 - 07:45 | 3048172 Waterfallsparkles
Waterfallsparkles's picture

No one forced the Union Workers to work at Hostess.  If they were unhappy they could have found another Job.

That is the way it sould work in Business.  If you do not like your Job and the benefits then dont let the door hit you on the way out.

Sun, 12/09/2012 - 16:09 | 3047241 TimmyB
TimmyB's picture

How about we go back to the 1950's rates of 70-90% on all earnings over $10 million per year and getting rid of the capital gains rate?

No one at all is discussing making the billionaires pay more than the 15% capital gains rate they are currently supposed to pay. The grand bargain means raising taxes on wage earners and cutting benefits for wage earners. None of this will affect the "investor class" who actually rule our country. They will continue to run the country, while pitting wage earners against those who can't make a living wage.

Sun, 12/09/2012 - 16:44 | 3047277 TBT or not TBT
TBT or not TBT's picture

No one actually paid those rates.    Also, you could take ALL of the assets, not just the incomes, of all of the world's billionaires and not make a dent, not even a dent in the pile of debt that is piled up.   On top of that, rule of law will have been destroyed, that is to say rule of law where 90% of all law is about PROPERTY, the anglo saxon tradition of law that brought about the tremendous plenty we all live with, even the "poor". 

Sun, 12/09/2012 - 17:37 | 3047345 Tirpitz
Tirpitz's picture

"you could take ALL of the assets, not just the incomes, of all of the world's billionaires and not make a dent, not even a dent in the pile of debt that is piled up."

In a debt-based monetary system, there is an asset for any amount of debt created. While the debts got socialized, the many privatized fortunes stay in hiding out there -- which would perfectly cover all debts existing.

Why again do we need the Cayman Islands & Cons?

Sun, 12/09/2012 - 19:03 | 3047443 RockyRacoon
RockyRacoon's picture

That would be true if you consider debt an asset in itself.  That is what is being done now and how's that been working for us?  The quality of an IOU as a true asset is only as good as the issuer.  Oops.

Mon, 12/10/2012 - 06:31 | 3048143 Clashfan
Clashfan's picture

Cut spending first: Bring home all of the troops. Legalize all drugs (thereby crippling the police state). End the DHS and the granny-groping, child molesting TSA.

Then tax ALL trades a small amount--an HFT tax, basically.

Many of our problems would be solved right there.

Return to sovereign money, and eliminate the Federal Reserve. Why pay them interest to create our money out of thin air?

Of course none of this will be done. Bankrupting America for the NWO is the plan, folks. And it will work. Watch and see.

Sun, 12/09/2012 - 19:44 | 3047509 TimmyB
TimmyB's picture

And the billionare don't pay the 15% rate either.  Romney would NOT release his taxes because we peasants would be outraged.  The ones he released showed him paying 12%.  

If they cheat and pay 60%, instead of 90, then I'll live with it.

Sun, 12/09/2012 - 15:14 | 3047170 Tirpitz
Tirpitz's picture

"Claims on welfare and disability programs are skyrocketing at the same time that the demographics of an aging populace are causing 10,000 people a day to enter Social Security and Medicare, the two costliest government programs."

Just wondering what Social Security and Medicare would have to do with welfare programs. How many people that didn't pay into them do reap benefits?

The only welfare I can see is corporate welfare, where tax-cheating internationalist structures get bailout after bailout, on top of tax subsidies they don't deserve. And all without paying their fair share of taxes. Seems the entire article is crap.

 

"the very top 1% of Americans, that pay 25% of the taxes"

Why not make it 60%, or 80%? The effect would be much better. Here's an overview of the federal receipts, add the local and state taxes and you see that the common citizen pay way more than is their fair share:

http://en.wikipedia.org/wiki/File:U.S._Federal_Receipts_-_FY_2007.png

Sun, 12/09/2012 - 15:57 | 3047223 seek
seek's picture

I'll try to give you the benefit of the doubt that you're not a troll or are not blindly attached to some ideology that's leading you to poor conclusions.

You really need to read just a little further, like the next couple paragraphs, plus comprehend what he's saying.

Nowhere does he say SS and Medicare have anything to do with Welfare. What he does say is that claims on welfare and disability are skyrocketing (they are, disability claims alone have nearly doubtled since 2008) and that due to demographics, SS and Medicare costs are going up rapidly. In other words, many separate social programs are both undergoing explosive increases in costs.

That graph you've linked to, 90% the 47% of tax revenue from individuals is coming from the top 25% of taxpayers. The nail in the argument is you can declare the top 25% slaves, take 100% of their income, and still run a deficit.Your suggestion of making it 60% or 80% is useless and the effect would not be better. There is simply not enough money to cover the promises made by the government.

Within ten years, and likely within five, the government will be forced to either pay on the promises with steeply devalued dollars, or reneg on the promises made. There are no other possible outcomes. Period.

The US is fucked, there's no solution from the left or right that involves anything other than those outcomes, and no political leaders have suggested (or have the political will) to make the cuts needed. They will stumble along until the collapse comes -- and that's the crisis that is coming that is the subject of this video.

Sun, 12/09/2012 - 16:45 | 3047278 TBT or not TBT
TBT or not TBT's picture

This is FDR's and LBJ's legacy, coming to life under the anti-american administration of BHO.

Sun, 12/09/2012 - 17:37 | 3047342 Ookspay
Ookspay's picture

I have read it somewhere that the amount of federal money spent since LBJ declared his war on poverty is 16 trillion and counting, similar to the National debt. Correlation? Nah. We probably wasted just as much on real wars.

Sun, 12/09/2012 - 19:06 | 3047444 RockyRacoon
RockyRacoon's picture

Toss in Bush's Medicare drug benefits and the unfunded wars and you can have a real argument.  Picking your villains along party lines is a bit disingenuous.

Mon, 12/10/2012 - 06:35 | 3048145 Clashfan
Clashfan's picture

Two really big events here. One, the creation of the Federal Reserve. Two, the assassination of JFK. We have not recovered from either. The VN war has not been paid yet.

And as for who pays what in taxes, what about sales taxes? Cigarette, alcohol, and gas taxes? And INFLATION? Who is paying those taxes? Working people, low wage people, are the ones hurt by this. Welfare people are hurt by all of it, too.

Mon, 12/10/2012 - 10:23 | 3048370 Ookspay
Ookspay's picture

You made some great points regarding taxes and the poor, but JFK asassination, not so much. Oswald killed kennedy as a lone gunman, no conspiracy there. States responsibilities being willingly transferred to the fedgov in the form of SS and medicare sealed the fate of the states. dly, limited fedgov as intended in the Constitution is no more.

Sun, 12/09/2012 - 17:34 | 3047338 Tirpitz
Tirpitz's picture

"Nowhere does he say SS and Medicare have anything to do with Welfare."

Granted, after a second read. But he does imply so - which is even worse.

"claims on welfare and disability are skyrocketing (they are, disability claims alone have nearly doubtled since 2008) and that due to demographics, SS and Medicare costs are going up rapidly."

With you here. But what shall people do who cannot find a job? Give them jobs and they will gladly go to work instead of having to claim disability dough. Corporations get billions, so the citizen can get a few hundred bucks a time.

SS and Medicare costs are going up because the tax base is shrinking, and shrinking fast. If offshored fortunes had to contribute as well, the rise may be much more manageable.

"you can declare the top 25% slaves, take 100% of their income, and still run a deficit."

True, again. But why save their illegally acquired fortunes, if they successfully lower their taxable incomes? Most government expenses are for the benefit of the super-rich, only, so let them pay for them. Instead of handing the bills constantly to the working class.

On a second thought, why not lift the wages of the workers to a level which is taxable? The common citizen pay a much higher share of their disposable income in the variety of taxes levied on them than the common billionaire parasite does.

"the government will be forced to either pay on the promises with steeply devalued dollars"

That's the way things work, in times of overspending and tax loopholes, since decades.

"The US is fucked..."

Most of the planet is finished, but that's another story. As long as the US can print her own currency, unlike most euro zone member states are able to, we are one step ahead of most competitors. Which the author seems to not understand. Doesn't Bernanke hold roughly a quarter of the outstanding government debt? So what happens if he writes it off, erases it with the stroke of a pen? A huge chunk of debt would be erased. Instead they keep it on the books, to force the lower classes into that fundamentalist believe that debt is bad. Dick Cheney once said, and maybe correctly so, once in his miserable life, that debt does not matter. So pile 'em up...

Sun, 12/09/2012 - 20:50 | 3047588 Stuck on Zero
Stuck on Zero's picture

Social Security and Medicare, the two costliest government programs ...

How can the Author make a statement like this when bank bailouts just cost the taxpayer $14 trillion? 

 

 

Sun, 12/09/2012 - 15:20 | 3047177 benb
benb's picture

What I heard was that it was a 40 to 1 ratio of corporate welfare vs. welfare/entitlements for the little people. That couldn't be right could it?

Sun, 12/09/2012 - 15:26 | 3047181 booboo
booboo's picture

Without a doubt this thread will devolve into a class warfare fist fight that will once again prove that the puppet masters have everyone firmly in their grasp. 

The welfare class cannot take a fucking thing from me but by the force of my own GOVERNMENT. Without them everyone learns by natural law to live like a free man. 

Sun, 12/09/2012 - 15:26 | 3047182 Lead Balloon
Lead Balloon's picture

Handing out blank checks can get you into financial trouble?  Who knew?

Sun, 12/09/2012 - 15:27 | 3047183 linrom
linrom's picture

This is a true story. There was a very wealthy man who over a couple of years spent several millions dollars in the casino. He lost all his fortune and became homeless. On one very cold morning he ran into the casino boss where he spent all his money. He asked his old acquaintance if could spare a dollar for coffee. The man looked at him and said that he was tired of supporting 'bums' like him.

 

Of course, the moral of the story is that bums pay ALL the taxes and support those who are employed.

Sun, 12/09/2012 - 15:52 | 3047218 Pants McPants
Pants McPants's picture

Not sure I follow the story's moral.  The casino owner has zero chance of turning the spared dollar into a fortune.  That dollar is gone the moment it changes hands.

Sun, 12/09/2012 - 15:57 | 3047225 logically possible
logically possible's picture

The other moral to the story is that people that spend every last penny in a casino deserve to be bums. As for the rest, your logic is just messed up.

Sun, 12/09/2012 - 16:20 | 3047257 linrom
linrom's picture

Who pays your salary? Your boss, or do you not pay your boss's salary and your own?

Sun, 12/09/2012 - 16:39 | 3047269 Chump
Chump's picture

If your labor isn't worth what you're being paid why would you be employed in the first place?  What a strange line of thought you have here.

Sun, 12/09/2012 - 16:42 | 3047275 logically possible
logically possible's picture

My customers pay my salary.

Sun, 12/09/2012 - 17:58 | 3047372 Ookspay
Ookspay's picture

Exactly. Employees, while useful and appreciated, are overhead and must be justified.

Sun, 12/09/2012 - 19:10 | 3047447 RockyRacoon
RockyRacoon's picture

Okay, fellas, it's a 3-legged stool.   The idea/money man, the laborers, and the customers.  One fails, you all lose.

The basic ideas and functioning and structures can be juggled, but all are needed.

Get over the nit-picking.

Sun, 12/09/2012 - 21:27 | 3047617 Anusocracy
Anusocracy's picture

Unfortunately, it's a four-legged stool with the fourth leg being government.

The government leg is disproportionate in length which makes the stool unstable and unusable.

Sun, 12/09/2012 - 22:35 | 3047698 RockyRacoon
RockyRacoon's picture

In that case, one leg is unneeded.  Let's figger out which one is superfluous.

Sun, 12/09/2012 - 22:01 | 3047634 itstippy
itstippy's picture

Here's another true story:

There was a Brother-In-Law who made a comfortable middle-class income for three decades selling hotel furniture.  He was a financial genius (sarc) and knew how to leverage his middle-class income into an upper-middle-class lifestyle.

He used an exciting new financial product loan to borrow $350,000 with 2% down and bought a McMansion in Beigeville.  He and his wife both leased luxury automobiles.  They went out to eat often. They dressed well.  Attending the "free" Saturday Concert On The Square involved a $25 bottle of wine, special lightweight comfy chairs, imported cheese, etc.  His two kids enrolled in college and borrowed 100% of the expense because Dad saved no money for their education. 

He put 10% if his income into a 401K stock-based mutual fund.  He was supremely confident that between outsized earnings on the 401K and home value escalation he would retire at age 62 a millionaire.

This fucktard is now completely underwater.  He will have to live very lean and work until he's 204 years old to pay his accumulated debt.  He bitterly blames his predicament on: Government Workers, Union Workers, Welfare Leeches, Greedy Banksters, Incompetent Politicians, Illegal Immigrants, Terrorists, Obama, Libtards, Day Traders, Hoarders, Corporate Fatcats, Lazy Kids, Greeks, George Bush, Pseudo-Intellectuals, Sub-Prime Borrowers, and the Chinese.

He is also very angry at Tippy because we are family and should participate in fiscal unity (I bail his dumb ass out).

Sun, 12/09/2012 - 22:50 | 3047714 The Gooch
The Gooch's picture

+!

Mon, 12/10/2012 - 23:01 | 3050744 logically possible
logically possible's picture

Now that is a 'true" story!

Sun, 12/09/2012 - 15:28 | 3047186 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Lauren Lyster discusses constitutional money (or rather put, logical forms of money) with John Butler:

http://rt.com/programs/capital-account/barry-habib-butler-housing/

Sun, 12/09/2012 - 16:25 | 3047260 Mr Pink
Mr Pink's picture

Mmmmmmmm.....Lauren Lyster.....

Sun, 12/09/2012 - 15:39 | 3047200 The Gooch
The Gooch's picture

When the well runs dry, the bullets will fly. All by design.
Financial system first, check..
.govs and the armies they command, check. (except for the few remaining "rogues" W.I.P.)
ENERGY, check.
The suppliers of "supplies" for said armies, check.
Medical "industry", check.
"Education", check.
Media (ministry of truth), check.
Food supply, check.
Stakes driven through the core of families and friends over manufactured political theatre, check.

Chili in the slow cooker, check.

Sun, 12/09/2012 - 15:56 | 3047201 linrom
linrom's picture

There is an excerpt on the bottom of this 'infomercial' which is a quote from Chris Cox. Chris Cox was the 'do nothing', 'I know nothing'  Chairman of SEC under George W. Bush who took us over the Global Financial Crisis cliff. Does this writer have no shame, or is he hoping that we're ignorant buffoons with very short memories?

 

Sun, 12/09/2012 - 22:56 | 3047720 Nick Jihad
Nick Jihad's picture

Honestly, when somebody decides the validity of an assertion based solely on the speaker's connections to George W Bush, then yes, I do consider them an ignorant buffoon.

 

Sun, 12/09/2012 - 16:03 | 3047211 booboo
booboo's picture

Chris Cox exemplifies all that is wrong, get elected, get appointed, go blind, get rich, retire and pose as a moderate "we can all agree with solver"

He helps keep the crowd distracted while man shuffles the marked cards. They are all on the same team, not red, not blue, but the Washington Purples. Goddamn, if these cocksucker can form an alliance why can't Americans join to shit on their picnic table.

Sun, 12/09/2012 - 15:52 | 3047217 I am Jobe
I am Jobe's picture

This is what happens when dumb inbred trailer trash are given everything and allowing them to procreate. Bend Over Amerika.

Sun, 12/09/2012 - 16:08 | 3047238 booboo
booboo's picture

You mean like Al Gore?

Sun, 12/09/2012 - 20:19 | 3047554 toomanyfakecons...
toomanyfakeconservatives's picture

Al Goreleone. There, I fixed you post.

Sun, 12/09/2012 - 16:41 | 3047273 FleaMarketPete
FleaMarketPete's picture

Right..because if there is one thing we all know is that trailer trash is Obama's base and Blacks and Hispanics (who are in well control of their reproduction) only vote for liberals out of love of country.

Sun, 12/09/2012 - 15:53 | 3047221 sbenard
sbenard's picture

Sadly true!

Calamity is certainty! Plan and prepared accordingly!

Sun, 12/09/2012 - 20:23 | 3047560 toomanyfakecons...
toomanyfakeconservatives's picture

Calamity... probably. Total disaster... not necessarily.

Sun, 12/09/2012 - 16:21 | 3047256 Piranhanoia
Piranhanoia's picture

"The Political Foundation of the status quo in America is based on a Grand Bargain of Complicity between the top 25% who pay approximately 90% of the taxes, and the bottom 50% who do all the work."   Fixed it for you.  The status quo says such silly things. If they had to work they'd be unemployed.

Sun, 12/09/2012 - 16:50 | 3047281 kevinearick
kevinearick's picture

 

Generations: Planet of the Apes

The core reactor of any functioning economy is small business infused by effective labor, which begets the middle class as some small businesses are so catapulted into efficient big businesses, and labor moves forward, leaving agency to fill the gap. Agency, University in this iteration, seeks to funnel marginal labor to big business, shorting the system to the end of its own growth.

Fiat monetary policy places the bottom end on life support, and substitutes agency for the organic growth signal to the rest of the system, encouraging big business and agency to grow symbiotically all out of proportion. Labor operates implicitly, through shared values, not explicitly, from central control down. First responders, teachers, and trade workers, corrupted by public works, are union, but they are not labor. They are middle class replacements for parents, yard apes monetized to protect the status quo at all cost, replicating nonperforming capital, with a WalMart, Costco, and Cabellas on every block.

Like any other living thing, empires age, and they age faster with inappropriate circulation. Capital can grow or die; it's dc. Labor determines how it grows, ac. In times of peace, a deceptively complex pointer system is promulgated because you cannot tell friend from foe. Only in the heat of a real war are the delay pointers removed. In the meantime, the law becomes increasingly arbitrary, capricious, and malicious, a black hole. After so many generations of capital replication, the hash table is simply lost, hidden from itself, as the pointers themselves die off, and the system runs off on automatic, leading to arbitrary, capricious and malicious war contrivances, all over nonperforming legacy assets, petrol dollars in this case.

Cancer is a natural process. Labor just gets out of the way until the gravity threshold required to implement the next development is reached. Overall, the implicit side, income deferral, earns a return on investment in children, and the explicit side, asset conservation, earns a return on investment in pensions. You don't have to be a rocket scientist to see the demographic imbalance. Capital and middle class are fairly simple replicating algorithms on either side of a mirror. Labor, providing the necessary circulation, is much more demanding in every way, but its algorithm is also simple, love for the next generation, spirit.

If you do not place your children first, you get tyranny, and tyranny begets tyranny. Raising humans requires care and attention over time. Institutions have never and never will work in this regard, which tells you everything you need to know about the yard apes pounding their chests for equal rights. An economy of well dressed yard apes bullying slightly more intelligent, poorly dressed yard apes, on down the line, should be of no surprise as the result. The name of the game is to be a non-controversial functionary, or face termination by the mob, to secure the status quo into infinity.

When the stated rules do not comport with the rules in practice, the result is decreasing system performance, increasing system demand by repeat offenders, and increasingly disillusioned users, practitioners, and taxpayers, all in positive, self-reinforcing feedback loop. That's the point of due process. There is nothing more difficult than being a consistent parent, a bridge, in an increasingly irrational economy, which is why the yard apes have birth control, and think they are qualified to sit in judgment of parents as if they were peers, to enforce equality, to get theirs and yours.

Parenting is not about treating your children equally. It's about treating them individually, consistently. Sometimes the older child has an earlier bedtime. Parenting, and the resulting economy, is about trust. Once you lose it, good luck getting it back, because the laws follows behavior, in a self-reinforcing positive feedback loop. Trust is based upon love, placing the next generation first in faith that it will return the investment. No government can love your children for you.

Right now, the yard apes are compiling their lists. If you are one of these young women stupid enough to wear sexually explicit garments to walk through crowds of yard apes, then you are stupid enough to get raped when the time, scale disorder, comes. Put on some fing clothes and act like a human, even if you aren't one. Quality seeks quality.

I've gotten people $20, $30, and $40/hr jobs, and set others up in multi-million dollar businesses, but what you learn from that experinece is it's like feeding pigeons. I just cut my third wife, who was exceptional in every way, but she would not accept responsibility. I will cut you lose without so much as a blink of the eye, if you are not prepared. The only way to learn is to take responsibility in a world than shuns responsibility, to do your part and no more. The last thing this world needs is another yard ape replicating yard apes to feed the institutional casino. Krugman is DR. Zaius.

Expect the virus if you have not been building up your immune system naturally.

Sun, 12/09/2012 - 17:42 | 3047356 willwork4food
willwork4food's picture

I will cut you lose without so much as a blink of the eye, if you are not prepared.

Wow. Semper Fi.

I would just love to be the one that's serving under your command and nod off for a second on guard duty.

Sun, 12/09/2012 - 19:19 | 3047461 lakecity55
lakecity55's picture

Man, I think we passed the PONR.

We are at the point where we are we are  just barely starting to circle the drain, so it's not too obvious. But, a month, 6 mos from now......?

Sun, 12/09/2012 - 20:01 | 3047529 dscott8186
dscott8186's picture

As the Fiscal Cliff crisis is blatantly bringing to the public's attention, for those who can read between the carefully crafted lines, funding for Social Security, Medicare/Medicaid, National Security and Interest on the debt is consuming more than can be realistically raised through taxation.

Which is the end game for Obamanomics, creating money to make up the difference.  The deficit means nothing because the money means nothing.  Transformational Change is not merely a populist slogan its a fundamental rewrite of economics to achieve liberal utopia.  Liberal wealth creation is money creation.  The Federal Reserve is the real power here.

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