The Party's Just Beginning

Tyler Durden's picture




 

Via Mark Grant, author of Out of the Box,

 

 

“For thousands more years the mighty ships tore across the empty wastes of space and finally dived screaming on to the first planet they came across--which happened to be the Earth -- where due to a terrible miscalculation of scale the entire battle fleet was accidently swallowed by a small dog.”

             -Douglas Adams, The Hitchhiker's Guide to the Galaxy

 
Still here. We are still here. It is true that we have many hours to go before today crosses across all of the time zones and becomes tomorrow and, in any event, the Chateau Petrus will not have been in vain. I am holding classes in deduction now in Nassau on my boat. Other boat owners have dropped by and are all inquiring about the fiscal cliff. “The plunge is at hand,” I tell them as Congress adjourns, the rank and file Republicans turn on the House Speaker and the Lords of Chaos are in charge once again. All of the stuff and nonsense about taxing the wealthy and gibberish about who and when and where to tax is like so much marshmallow spread on a peanut butter sandwich; it just doesn’t matter. The galling omission of not concentrating on what is truly important, the cost of entitlements and social programs and what the nation can and cannot afford shows the true worth of our nation’s leaders which is about equal to a wooden nickel or a three dollar bill. It is the Lost Boys living in Never-Never Land and Wendy nowhere in sight.

“In the first place God made idiots. He did this for practice. Then he made politicians. This was a mistake. Then he tried to correct His mistake by having the people elect the politicians of their own choosing. He then realized that he had made idiots twice and he pondered his miscalculation for seven days. Next he made dogs and finally being satisfied that he had done something correctly he went off on holiday. One day he may come back and finish the exercise.”

                        -The Wizard

So here we are on December 21 and we have no plan to deal with the financial condition of the country. The Democrats are perfectly happy that no one has to work because those people will re-elect them. Then the people that do work should hand out money to everyone else because my money should now be everyone’s money and everyone needs to share in the sandbox and Karl Marx has left the London library and is now residing in Washington D.C. The fall back position of the Democrats is that if this is not enough money then the Fed can print zillions of pieces of paper saying, “In God We Trust” which may be the only thing to trust in because no one will trust the little pieces of paper after some time. One day someone will wake up and announce that these green bills are not money and that they are just paper and the Munchkins will say, “Oh My God” and head down the yellow brick road to find the Wizard and he will be on my boat in the Bahamas and the Wicked Witch of the West will hand out the bad news. All quite simple. Very similar to Dorothy falling from the sky. The wind begins to twitch, the house falls and Oz realizes that they have encountered a “horse of a different color.”

Now what has happened this morning is that someone has woken up the Lullaby League. These market participants have been sleeping and whiling away their hours thinking everything was fine and that Good Witch Glinda was going to wave her magic wand and make everything all hunky and dory.  They have been dreaming that the Sorcerer Bernanke could change green paper into money and at will and forever just like Sorcerer Draghi who lives but a continent away. Alchemy has returned to the world and the stuff of magic has discovered the Middle Earth where the elves and the goblins play. This morning no one is happy that they have been awakened. The dwarves are about and Grumpy is leading the protest.

So the Munchkins have been awakened and I predict the Wicked With is right. The people of Oz have left the poppy fields where they slept in a flower induced dream and will soon be headed into the Emerald City to demand answers. The melting has begun.

“Going so soon? I wouldn't hear of it. Why my little party's just beginning.”

                   -The Wicked Witch of the West 

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Fri, 12/21/2012 - 09:25 | 3086291 GetZeeGold
GetZeeGold's picture

 

 

We're the greatest nation on earth....we can afford anything.

 

Have a cell phone and some EBTs.....it's totally free.

Fri, 12/21/2012 - 09:26 | 3086296 krispkritter
krispkritter's picture

You mean we can 'print' anything...as in Benbux.

Fri, 12/21/2012 - 09:32 | 3086306 Zer0head
Zer0head's picture

Speaking of OZ

Tom Keene carries Mayor Mike's anti gun and anti austerity water with the help of British economist John Ryding 

http://www.bloomberg.com/video/ryding-expects-fiscal-cliff-deal-before-j...
jump to 2:40

Fri, 12/21/2012 - 09:40 | 3086354 odatruf
odatruf's picture

I don't understand why Tyler feeds into this fiscal cliff nonsense. Just stop it!

Consider only who coined the phrase if you need any proof of its misdirection. But in any case, stop suggesting that thus is an outside event occuring. It is, rather, the prior plan to work through some fiscal issues - and its only a hair of what's needed at that.

Fri, 12/21/2012 - 09:48 | 3086370 HoofHearted
HoofHearted's picture

All the while, the price of gold and silver in those fiats gets hacked. And the prices of guns and bullets keeps going up. You figure it out. I am certainly not the Wizard pulling the levers.

Fri, 12/21/2012 - 10:00 | 3086404 Badabing
Badabing's picture

My two favorite Christmas movies.

Miracle on 34th street and A wonderful life

The MSM doesn’t want to play a movie that depicts banks as the “Potter” bad guy. The movie Miracle on 34th street has been on 50 to 1 vs. It’s a wonderful  life.

A sign of the times!

Fucking banks!   

Fri, 12/21/2012 - 10:39 | 3086543 trav777
trav777's picture

Wonderful Life has been on a billion times, wtf are you talking about?

Anyway, anyone expecting a liberal to EVER accept reality simply hasn't been paying attention for the last 50 years...at what point has the left acknowledged reality and/or the failure of their policies?

They never even vote against their own party.

Fri, 12/21/2012 - 11:59 | 3086948 Anusocracy
Anusocracy's picture

Liberals embrace the system helps them survive in the way that they know how.

Same as conservatives, libertarians, and anarchists.

Each should be free to choose, but not force their concept of survival on the others.

Fri, 12/21/2012 - 10:02 | 3086408 FEDbuster
FEDbuster's picture

Good thing I am diversified in both bullion and bullets (long term food storage, too).

Fri, 12/21/2012 - 10:58 | 3086631 cranky-old-geezer
cranky-old-geezer's picture

 

 

All the while, the price of gold and silver in those fiats gets hacked. And the prices of guns and bullets keeps going up. You figure it out.

Simple.  There's no paper GUN & BLT market that can be hammered down with naked shorting funded by endless supply of printed "dollars".

Guns and bullets aren't viewed by the Fed as defacto monetary standards their fiat currency is judged against. 

That's the only reason they have paper gold & silver markets.  Paper markets can be manipulated by the Fed (acting thru proxies). 

Doesn't matter how much it costs to keep the paper markets suppressed.  Bennie just prints whatever it takes.

And sheeple watch those paper "spot prices".  They're an effective distraction from the real world physical market.

Fri, 12/21/2012 - 09:48 | 3086371 GetZeeGold
GetZeeGold's picture

 

 

We've got printers and ink and the electric bill is paid in full......what problems could there be?

Fri, 12/21/2012 - 09:55 | 3086393 Bicycle Repairman
Bicycle Repairman's picture

"The galling omission of not concentrating on what is truly important, the cost of entitlements and social program"

What is truly important is restoring the free market and letting the market redistribute wealth to the productive i.e. away from the coupon clippers and oligarchs.  The second item is cutting defense spending.  There is no need to spend more than the rest of the world combined.  If the other countries love Pax Americana so much (and they don't), let them pay for it.

Then we can think about starving grammy.

Fri, 12/21/2012 - 10:14 | 3086463 hapless
hapless's picture

Don't fucking worry about grammy.

Fri, 12/21/2012 - 14:52 | 3087718 Bicycle Repairman
Bicycle Repairman's picture

Remember. No grammy. No savings bond for little "hapless" @ Xmas.

Fri, 12/21/2012 - 12:39 | 3087112 donsluck
donsluck's picture

The entitlements are not an expense. SS in particular is a trust, already paid for by the tax payer. It is solvent and functioning just fine. The problem is that the government counted its' surplus as part of the budget. They blew through all the money they didn't have, now they want to point to SS as the problem.

Fri, 12/21/2012 - 13:22 | 3087316 Hayabusa
Hayabusa's picture

Bicycle repairmen is almost right, he said we need to cut defense (get it right, it's not a defense budget, it's an Offense budget).  Please don't call it defense when it's the inverse.  Whew, not that that's straightened out, I say we make at least a 75% cut to the military across the board and make sure the $$ go to medicare, social security, medicaide, schools, roads, infastructure, etc.  The goal is to put OUR tax dollars where they do the most good and that's not in the hands of the corporatracy who run our offensive military industrial complex who war monger and send of the poorest among us to protect THEIR interests.  Get a clue people!

Fri, 12/21/2012 - 17:12 | 3088257 Bicycle Repairman
Bicycle Repairman's picture

"Bicycle repairmen is almost right"

I guess I'll have to settle for a gentleman's 'C'.

Fri, 12/21/2012 - 09:55 | 3086398 Bicycle Repairman
Bicycle Repairman's picture

"The galling omission of not concentrating on what is truly important, the cost of entitlements and social program"

What is truly important is restoring the free market and letting the market redistribute wealth to the productive i.e. away from the coupon clippers and oligarchs.  The second item is cutting defense spending.  There is no need to spend more than the rest of the world combined.  If the other countries love Pax Americana so much (and they don't), let them pay for it.

Then we can think about starving grammy.

Fri, 12/21/2012 - 10:04 | 3086417 new game
new game's picture

cut spending? say what, how dare you tell use how to not get reelected...

ps. avid mn biker-studded snowees...

Fri, 12/21/2012 - 11:29 | 3086754 odatruf
odatruf's picture

Nothing wrong with coupon cutting, Bicycle. I don't go too far out of my way, but I shop pretty strategically and look for deals within the set of things I buy.

I agree about the need for the primacy of the markets and clearing improperly signaled investment. And I agree about the DoD. If only there were BOGO jets and bombs...

Fri, 12/21/2012 - 17:10 | 3088254 Bicycle Repairman
Bicycle Repairman's picture

By "coupon clippers" I meant those people who inherited their wealth and do nothing except collect bond coupons for their income i.e. parasites.

If you collect store coupons, carry on.

Fri, 12/21/2012 - 10:01 | 3086386 flattrader
flattrader's picture

>>>I don't understand why Tyler feeds into this fiscal cliff nonsense. Just stop it!

Consider only who coined the phrase if you need any proof of its misdirection.<<<

Caught that too, eh?

It's about whipping up the natives into a frenzy for more eyeballs and posts.

Everything is a business model.

It's Friday, so it's about time for one of the Tylers to find a photo of some randdom black guy, call him a hobo with an iphone and post it for a little red meat.

That blog post from last week got an enormous amount of views...and was a complete piece of crap.

Fri, 12/21/2012 - 09:45 | 3086366 Muddy1
Muddy1's picture

Merry Christmas and Happy New Year to all.

Fri, 12/21/2012 - 09:34 | 3086325 malikai
malikai's picture

Well, thanks to 3d printing, we really can print anything.

Fri, 12/21/2012 - 10:08 | 3086414 FEDbuster
FEDbuster's picture

Maybe the FED can use a 3D printer to replace the gold that is supposed to be in Ft. Knox?  Going long "gold" colored 3D printer medium.

Fri, 12/21/2012 - 10:14 | 3086459 Fredo Corleone
Fredo Corleone's picture

I suspect the PPT was deployed and rendered fully-operational the moment Boehner stood down from the "Plan B" vote. Ergo, although there may be a weak session in store, it will in all likelihood be an orderly, "algorithmic" decline; not an amplified downward thrust. -- Only humans react so. Machines exhibit so much more restraint.

Fri, 12/21/2012 - 10:19 | 3086479 astoriajoe
astoriajoe's picture

something like this perhaps?

http://www.sisweb.com/ms/wire-tungsten.htm

Fri, 12/21/2012 - 09:27 | 3086301 diogeneslaertius
diogeneslaertius's picture

why it just so happens debt brother from planet o gave me a free phone

 

SYNERGY!

Fri, 12/21/2012 - 10:08 | 3086434 FEDbuster
FEDbuster's picture

Did it come with a built in EBT app?

Fri, 12/21/2012 - 09:30 | 3086310 falak pema
falak pema's picture


We're the greatest nation on earth....we can afford anything....

 

Even Unlimited repentance after the Apocalypse; Gen Grant has said the meltdown begins so we must be on the way to Atlanta after Gettysburg. 

Watch the woodwork burn gone with the wind of fiat bonanza! 

Then we all go down on our knees and pray. Holy father thou who art in heaven, please take Benny boy back to you, pronto! 

Fri, 12/21/2012 - 09:37 | 3086337 magpie
magpie's picture

why should the bad guys be saved by the rapture

Fri, 12/21/2012 - 09:48 | 3086372 saints51
saints51's picture

I am pretty confident you will have to talk to the other guy about Benny's soul departing our world.

Fri, 12/21/2012 - 09:55 | 3086392 new game
new game's picture

time magazine man of the year with krugman runner up...

why so anti-society? these people are good public servants of the people they love and serve.

the gal to question such knowledge...

Fri, 12/21/2012 - 10:01 | 3086410 saints51
saints51's picture

@newgame

Whenever you give away free shit on a mass scale like Obama and his pals, you will always make man of the year.  There is no reason to discuss the other people who are getting fucked. They like to look at the picture with one eye when making decisions.

Fri, 12/21/2012 - 09:42 | 3086332 flattrader
flattrader's picture

>>>The galling omission of not concentrating on what is truly important, the cost of entitlements and social programs and what the nation can and cannot afford shows the true worth of our nation’s leaders which is about equal to a wooden nickel or a three dollar bill.<<<

Or the galling failure of not concentrating on tax credits, subsidies and deductions to MNCs masquarading as "American" companies which we can also not afford...or the preferential treatment given to hedge funds...or the cost of llegal wars...

Fuck you Mark Grant.

http://www.alternet.org/economy/8-tips-how-we-could-cut-deficit-slashing...

Yeah, it's all about cell phones.

Believe that and you have become a perfect stooge.

Fri, 12/21/2012 - 10:22 | 3086484 hapless
hapless's picture

Surely you can condense "the cost of entitlements and social programs and what the nation can and cannot afford" into a smaller strawman than "cell phones".  You're slipping. 

Fri, 12/21/2012 - 09:38 | 3086343 I am more equal...
I am more equal than others's picture

For freeeeeeeeeeee........?

 

http://www.youtube.com/watch?v=c0y9DkJcxH4

 

Fri, 12/21/2012 - 09:56 | 3086387 Freddie
Freddie's picture

Wait - I thought this was ZH. Red team blue team?  Same team because Harry Reid has not had a budget in 4 going on 5 years.  Where the Dems care more about illegals and more food stamps and welfare.  Where the RINOs who are really libs sabotage Constitionalist Tea Party types.   Where many on ZH never bring up what a nightmare the mullah is.

Everything needs to be cut 10 to 15% just to get started.  This includes govt unionized workers, DC staff in Congress and the white hut.

Fri, 12/21/2012 - 10:29 | 3086508 eclectic syncretist
eclectic syncretist's picture

That's all meaningless so long as the Fed is legally allowed to counterfeit.  Has BS Berstanke ever stated under oath that a Federal Reserve Note is unequivically constitutionally legal money?  They don't really need to cut anything other than the bullshit notion that the Fed can just print something that has real value.

Todays drop on the new Mayan Baktuun is nothing more than business as usual here of late.  Use some cover (better yet, one that promotes superstition) to flip the record over and tank the market.  Don't you think the larger interests have seen it coming too?  Pretty telling today that gold and silver look like good relative strength plays.  A change is in the air and I'll be looking to short more this morning.  Been getting consistently scalped in 2012 but the facts, math, and history are (eventually) inevitable truths. 

Fri, 12/21/2012 - 09:56 | 3086396 CheapBastard
CheapBastard's picture

Posh Texas Hill Country resort in bankruptcy

 


by Associated Press


kvue.com


Posted on December 21, 2012 at 7:27 AM

Updated today at 7:27 AM

 

SAN ANTONIO (AP) -- A posh resort in Texas' Hill Country has filed for Chapter 11 bankruptcy and is seeking additional financing to remain in operation.

 

http://www.kvue.com/news/local/Posh-Texas-Hill-Country-resort-in-bankrup...

 

In other news, the jobless "recovery" is going fine.

Fri, 12/21/2012 - 12:06 | 3086976 hedgeless_horseman
hedgeless_horseman's picture

 

 

That place sucks.  Dos Brisas is the place to eat, drink, eat, sleep, and eat.

Fri, 12/21/2012 - 09:57 | 3086401 The trend is yo...
The trend is your friend's picture

In fairy land the ALGO's can drive the market green in a heart beat, It has psycholocigally scared me from shorting ever again

Fri, 12/21/2012 - 09:25 | 3086293 Badabing
Badabing's picture

 


Intercontinental Exchange Finally Wins NYSE Euronext For $8.2 Billion


http://www.forbes.com/sites/abrambrown/2012/12/20/intercontinentalexchange-finally-wins-the-big-board-to-buy-nyse-euronext-for-8-2b/

A way to lower costs and competition, can you say monopoly?

With an office in Atlanta and based in London the ICE owned by nun other than the infamous Rothschild’s will take control of $OPM$ invested in the NYSE. Say good buy to your 401k that money can now be re-hypothedecated to infinity in the UK. The laws don’t apply to a one shot hypothedecation deal in the USA.

  If I where you, and YOU know who YOU are, I would get out and buy something that will hold its value.

So now it all makes sense, TPTB don’t want you to have a exit. Ergo the PM smashes.

Fucking Banks!    

Fri, 12/21/2012 - 09:31 | 3086312 diogeneslaertius
diogeneslaertius's picture

SIGNS OF THE TIMES

Fri, 12/21/2012 - 10:31 | 3086517 SmallerGovNow2
SmallerGovNow2's picture

PM smashes are a perfect exit point from equities into PM's... BTFD...

Fri, 12/21/2012 - 09:26 | 3086295 diogeneslaertius
diogeneslaertius's picture

42

 

and now for a little Vogon poetry....

Fri, 12/21/2012 - 09:32 | 3086318 buzzsaw99
buzzsaw99's picture

Oh freddled gruntbuggly...

Fri, 12/21/2012 - 09:27 | 3086299 becky quick and...
becky quick and her beautiful mouth's picture

what's going on with the judges on idol? will they play tebow? what does lindsey lohan think about the shooting?

Fri, 12/21/2012 - 09:36 | 3086333 diogeneslaertius
diogeneslaertius's picture
“Go back to bed, America, your government has figured out how it all transpired. Go back to bed America, your government is in control. Here, here's American Gladiators. Watch this, shut up, go back to bed America, here is American Gladiators, here is 56 channels of it! Watch these pituitary retards bang their fucking skulls together and congratulate you on the living in the land of freedom. Here you go America - you are free to do what well tell you! You are free to do what we tell you!” -Bill Hicks

https://www.youtube.com/watch?v=Rfd0_7BcU-0

Fri, 12/21/2012 - 09:42 | 3086351 GetZeeGold
GetZeeGold's picture

 

 

If you get tired of that go hang out with this witch.....can't even have a smoke without some diva yelling at you anymore.

VIDEO: Madonna Berates Fans for Smoking...

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