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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's totally free.

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

You mean we can 'print' 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
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 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?

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



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


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.

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........?


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

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.


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

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


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



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

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...

Fri, 12/21/2012 - 09:52 | 3086380 Squid Vicious
Squid Vicious's picture

the little ho becky interviewing Cee Lo Green on CNBS... important stuff when mkt. is crashing... LOL

Fri, 12/21/2012 - 13:50 | 3087429 mkhs
mkhs's picture

Relax.  The script calls for last half hour ramp.

Fri, 12/21/2012 - 09:27 | 3086300 tango
tango's picture

Absolutely correct!   Once again, the lame brains are masking the REAL issue which is the astounding growth in social spending over the past few years.  I looked at 1951 (my birth) and saw defense as 51% and social spending as 17%.  Today it is 16% and (depending on how it's counted) 61-69%. 

The refusal to even discuss the real issue, though, is perfectly predictable.  If they won't even admit it's a problem and if they've gotten by this long, then why should they suddenly grow a brain?  The deluge of debate over taxes is so intellectually dishonest since everyone knows it is but a tiny bandaid.

Fri, 12/21/2012 - 11:15 | 3086693 Bananamerican
Bananamerican's picture

one way or another 70% of our spending is on Defense...

Wanna cut? Start THERE

Fri, 12/21/2012 - 09:27 | 3086303 Cult of Criminality
Cult of Criminality's picture

This time TOTO has rabies !


Fri, 12/21/2012 - 10:15 | 3086465 FreeNewEnergy
FreeNewEnergy's picture

... and Dorothy's a tranny.

Fri, 12/21/2012 - 09:31 | 3086309 diogeneslaertius
diogeneslaertius's picture

the reinterpretation of frank's work, which originally was a very pointed attack on monetary debasement is particularly telling


theyve worked so hard to cover up what has now become as plain as day

viz. Bill Still's The Secret of Oz



Fri, 12/21/2012 - 09:31 | 3086313 tooriskytoinvest
tooriskytoinvest's picture

Stock Market APOCALYPSE 12/21/12? - DOW FUTURES CRASHING!! A Massive Stock Market Crash Starting Now?

Fri, 12/21/2012 - 09:35 | 3086329 diogeneslaertius
diogeneslaertius's picture

DJIA should be 6k we havent added any output capacity on the whole since pre-carter era


the whole machination memeset is there to hide the flatline since 1970

Fri, 12/21/2012 - 10:00 | 3086407 fonzannoon
fonzannoon's picture

you talked about the market and forgot to pimp your blog like everyone else. just a heads up.

Fri, 12/21/2012 - 09:31 | 3086316 Theta_Burn
Theta_Burn's picture

All this money printing, the lies, endless wars, the bullshit

Years ago this shit was easy to manage, not like now. this has to be pretty hard to maintain the facade. maybe the end is closer than we think.

Fri, 12/21/2012 - 09:33 | 3086322 diogeneslaertius
diogeneslaertius's picture

Holographic buy price for Ag is under $30 its like a party in my pants

Fri, 12/21/2012 - 09:34 | 3086327 buzzsaw99
buzzsaw99's picture

grant = soup nazi


Fri, 12/21/2012 - 09:36 | 3086338 diogeneslaertius
diogeneslaertius's picture


Fri, 12/21/2012 - 09:56 | 3086397 flattrader
flattrader's picture


Fri, 12/21/2012 - 10:11 | 3086448 new game
new game's picture

even the juggler has to take a break...

Fri, 12/21/2012 - 10:39 | 3086542 GMadScientist
GMadScientist's picture


Fri, 12/21/2012 - 09:36 | 3086335 Boilermaker
Boilermaker's picture

You can already see the heavy hand of the PPT in the futures market 'stabalizing' the ES at 1420.  Must be a shitload of put options at that level that simply can't be allowed to go into the money.

Today will be a comical show of intervention.  Sad...but comical.

Fri, 12/21/2012 - 09:37 | 3086342 diogeneslaertius
diogeneslaertius's picture

dude im already putting my clown makeup and giant shoes on

Fri, 12/21/2012 - 09:40 | 3086348 Boilermaker
Boilermaker's picture

I have my wife standing by with a seltzer bottle, a squirting lapel flower, and a joy buzzer, also.

Fri, 12/21/2012 - 10:39 | 3086545 GMadScientist
GMadScientist's picture

I'll pull the Mini Cooper around.

Fri, 12/21/2012 - 09:38 | 3086339 youngman
youngman's picture

Listening to the talking heads on TV this am....its all the Republican right wing crazies fault..Democrats are God...Republicans are wrong....its funny when someone is trying to cut spending...that is cut taxes...that is wrong....

I think the Democrats will WIN this ...they will pass taxes...and fees...and more regulations....but we will lose jobs...lose income...lose corporations..lose more of  the middle class..lose revenue...go more into debt...much more...the 1.3 trillion now will be 2 trillion by the end of the year....there will be more welfare....the 47% goes up to 55%...and consertatives will only be elected in a few states and cities....and they will be punished by the rest of the country for doing so...

Today the world makes the decision on the future of the USA....I think they see us as a dying country and will make decisions with that in mind...which means watching out with the dollars they trying to sell to other countries ...expand their customer base...its kind of like holding your breath when you pass a graveyard.....the lights just got dimmer for the USA...

Fri, 12/21/2012 - 09:46 | 3086365 therearetoomany...
therearetoomanyidiots's picture

Right...they even put out a poll, dutifully reported on Fox News (the conservative network *snicker*) that 53% of americans believe republicans are too extreme. 

Mountain Dew is wondering why they're getting associated with these impotent fuckers.

Fri, 12/21/2012 - 10:00 | 3086406 Freddie
Freddie's picture

ALL TV and Hollywood are total shit and they do want to disarm you NOW.   If you watch there garbage - you support it.  This includes all  of TV.

Fri, 12/21/2012 - 10:15 | 3086468 new game
new game's picture

matrix brainwash. save the childern>how could you argue that.  crime will go down>argue that at the water cooler.

hey, tell a woman after guns are gone you will have a three fold increase in rapes, and that is a fact jack-oh but, but my childern are safe...

Fri, 12/21/2012 - 10:38 | 3086540 GMadScientist
GMadScientist's picture

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

Fri, 12/21/2012 - 10:28 | 3086509 FreeNewEnergy
FreeNewEnergy's picture

In the immortal, immaterial words of Bart Scott,

"Can't wait!"

I am fiat-fueled, locked, loaded and drunk by ten AM, when fearless leader Boner tries to tell the president to "get serious" again through his sobbing and crying.

...and they're off!

Fri, 12/21/2012 - 10:58 | 3086626 gnomon
gnomon's picture

It will be a near thing whether the U.S. descends to its final, whimpering humiliation, (Liberty extinguished), before our enemies take us out.   God was not kind to the U.S. when he allowed the Cuban Missile Crisis to defuse.  It has been all downhill since then.  And now no fig leaf can cover our sickening fall to banana republic status.

It will be forever recognized as the most rapid decline in morals, competence, and real strength in the History of the World.  And it will end in ashes.

Fri, 12/21/2012 - 09:37 | 3086341 rsnoble
rsnoble's picture

Things would be going better had we not decided to blow up our own buildings and blow up the entire middle east(or start the process that is).

I have multiple theories, all this talk of secession and breaking up could actually play into the globalists plans.  Obviously can't get the entire US to go along with it so let's break it up and bankrupt them.

Of course those ideas can go on and on, it could just be the outcome of a bunch of stupids with unlimited printed press $ and decades of abuse and here we are.

One way or the other I suspect we'll be finding out sooner than later I don't see this dragging on like Japan there are far too many variables.  I would also assume the elites are in a position to take full advantage of our mishaps.

Fri, 12/21/2012 - 09:38 | 3086345 diogeneslaertius
diogeneslaertius's picture

The Party's Just Beggining

Frank Defends Charlie in Court - Scent of a Woman (Pacino is just getting warmed up)

Fri, 12/21/2012 - 09:39 | 3086347 dick cheneys ghost
dick cheneys ghost's picture

What this nation needs is moar 'endless wars' and more overseas military bases. I should also add that further debasement of our currency would go a long way to fixin what ails us........



Fri, 12/21/2012 - 09:43 | 3086349 therearetoomany...
therearetoomanyidiots's picture

"So here we are on December 21 and we have no plan to deal with the financial condition of the country"


Oh yes they do...they're going to take away the right to defend one's self.   There's a whole task force to do it, too.  


Wait...did you hear, there's going to be a long awaited "Anchorman II".   We're saved.

Fri, 12/21/2012 - 10:08 | 3086437 cossack55
cossack55's picture

Went to the local wallyworld yesterday, and sure nuff, no "assault style rifles".  Maybe 20 various shotguns and bolt actions.  Went again this AM and gun case was empty.  Took about 30 minutes to get to the counter of local gun shop, asked for AK, clerk started laughing. One SKS left. No ARs nor .223 ammo.  Guy next to me wanted to order a specific Glock and was told it was 233,000 b/o.    Keep an eye on the primer mfgs if you are a reloader. 

Fri, 12/21/2012 - 09:41 | 3086355 lynnybee
lynnybee's picture

but....but.... Wall St. & corporate America & the military industrial complex are still getting theirs!    i don't see anyone from those sectors suffering with austerity.    their 'entitlements' are still intact.    

Fri, 12/21/2012 - 14:31 | 3087612 Panafrican Funk...
Panafrican Funktron Robot's picture

They're going to let this go over the cliff and then trade a tax cut for the "below 250K" category for eliminating the defense cuts.  

Fri, 12/21/2012 - 09:44 | 3086359 SheepDog-One
SheepDog-One's picture

Just lay down in the field of poppies...all is well.

Merry Christmas you filthy animals.

Fri, 12/21/2012 - 10:07 | 3086427 Disenchanted
Disenchanted's picture



"lay down in the field of poppies"


reminded me of this:


I was once I was strolling one very hot summer's day
When I thought I'd lay myself down to rest
In a big field of tall Mexican grass
I laid there in the sun and felt it caressing my face

As I fell asleep and dreamed
I dreamed I was in a hollywood movie
And that I was the star of the movie
This really blew my mind

The fact that me an overfed long haired leaping nome
Should be the star of a hollywood movie, hmmm
But there I was

I was taken to a place
The hall of the mountain kings
I stood high up on the mountain tops
Naked to the world

In front of
Every kind of girl
There was long one's tall ones, short ones, brown ones,
Black ones, round ones, big ones, crazy ones
Out of the middle, came a lady
She whispered in my ear
Something crazy
She said,

Spill the wine and take that pearl


Too bad there's nothing about unicorns in that song...

Fri, 12/21/2012 - 10:28 | 3086505 mess nonster
mess nonster's picture

So THATS what the chorus says! Mysteries revealed.

Fri, 12/21/2012 - 09:45 | 3086362 Headbanger
Headbanger's picture

Thankfully I arranged to be abducted again by the alien giant squid before

the world ended today.  So I'm good with all this.

Fri, 12/21/2012 - 10:34 | 3086530 GMadScientist
GMadScientist's picture

Those yearly Cthulhu performance reviews are gonna be hell on your orifices.

Fri, 12/21/2012 - 09:46 | 3086368 Seasmoke
Seasmoke's picture

Bad night for welfare queens everywhere........

Banks , Corporations , and public unions.

Fri, 12/21/2012 - 10:38 | 3086538 GMadScientist
GMadScientist's picture

I think of 535 that are still doing alright...just got a vacation, in fact.

Fri, 12/21/2012 - 09:49 | 3086376 Inthemix96
Inthemix96's picture

You think you lot can debase quick?

Our criminals in the centre of London called the "square mile" seperate from the rest of this land have a thing in their back pockets you lot dont have.  No its not a flick knife, you lot as I am aware can re-hypothicate once.  Our well dressed scum bag rat bastards can re-hypothicate as many times as they like.  A million here, a million there whats the risk buddy?  The Queen, of lizard vintage says they can do what they want, and our prime minister protects them from prosecution.

This is going to end well then, isnt it?.......

Fri, 12/21/2012 - 09:59 | 3086403 iinthesky
iinthesky's picture

This is much bigger than Edomite Shlomo Benank. Our owner rulers are True Believers. They believe in God, but their god is Perdition, Baal, Baal-zebub, the one who is many, Legion, Lucifer.. No man is coming to save us. Not Ron Paul nor Rand Paul, nor any politician. Men can not undo this system. This is way outside the scope of one man. And if a revolt happens, God help us all. That is exactly what is planned. The Alien saviors are coming, beware when they do.

Fri, 12/21/2012 - 10:05 | 3086422 Inthemix96
Inthemix96's picture

Well I for one welcome our Alien overlords.

100+ years of continual fuck-ups either destroying the world around us, or destroying the people living on said world.

These rat-bastards in all our collective countries need fucking shot, and for the rest of us to be left alone without profiting off a another mans labour with fancy accounting tricks and immoral banking practices.  Christ, us normal folk sure could use some help down here eh?

Fri, 12/21/2012 - 09:53 | 3086384 freedogger
freedogger's picture

Merry CLIFFMASS everyone!

Fri, 12/21/2012 - 10:33 | 3086525 GMadScientist
GMadScientist's picture

Merry Spliffmas Everymon!

Fri, 12/21/2012 - 09:52 | 3086385 bullet
bullet's picture

quick cme... reduce the margin on ES before the open...

Fri, 12/21/2012 - 10:10 | 3086439 saints51
saints51's picture

haha, I have been waiting for the email. Honestly, it would not shock me one bit after all this fiscal bullshit is over where they will have to lower margin requirements. They will need fresh meat.

Fri, 12/21/2012 - 09:54 | 3086388 geno-econ
geno-econ's picture

S&P and Dow may plunge somewhat, but watchout for derivatives meltdown which can bring down entire house of shadow banking system.  Truly unchartered territory with diversified but unidentifiable global risk with huge consequences  even the Fed cannot comprehend or bailout.   

Fri, 12/21/2012 - 09:55 | 3086389 ptoemmes
ptoemmes's picture

It would have been so more efficient - though less entertaining - had the Mayans been right - or wrong.  That's confusing too.

Fri, 12/21/2012 - 10:32 | 3086522 GMadScientist
GMadScientist's picture

The fiscal cliff and the galactic plane in a photo finish.


Fri, 12/21/2012 - 11:17 | 3086704 nowhereman
nowhereman's picture

Oh, but you must realize that the Mayans were right on so many levels.  We're all dead, we just haven't figured it out yet.

We're Zombies.  We constantly look for someone elses brain to devour, without realizing that it's our own brain that has turned into tapioca.

As long as it's someone elses fault, we don't have to examine our own role in this fiasco, whatever that may be, but my guess is, that it involves greed on some level, and a belief that somehow your smarter and more deserving than the next guy or gal.

America died a while ago, but, like a chicken with it's head cut off, it keeps running around the yard. 


Fri, 12/21/2012 - 09:55 | 3086391 OMG
OMG's picture

Well fuck me running, now I have to go Christmas shopping (TETOTWAWKI) averted, ah that will give a bump to the GDP!

I'll be on the cereal isle!

Those damn freebies better be a step up from tyhe shit they offered last year.

Fri, 12/21/2012 - 10:00 | 3086405 semperfi
semperfi's picture

GOP - step completely away and let the Marxists accelerate their ass-raping of America - just what the sheep mob deserves - and I pray they get it good & hard - without lube

Fri, 12/21/2012 - 10:35 | 3086532 Alcoholic Nativ...
Alcoholic Native American's picture

seek help.

Fri, 12/21/2012 - 10:02 | 3086409 stockscooter
stockscooter's picture

The truth about where we are in the markets...First, back in Septemeber I brought to your attention a big picture count on the S&P, which is still in tact.  We're ending a big Zig-Zag correction-Wave 2.  At the top of a wave 2 ina secular bear market, the populous believe things are better and the worst is over, when in fact the economy is worse-off than at the beginning of wave 1 (2007).  Secondly, the weekly candlestick from last week is extremely bearish.  It needs no confirmation of another candlestick to qualify as bearish.  Every hedge fund in the world was short getting short last week.  They covered, not to lose their quarterly and yearly profits and bonuses.  The resumption down has now started. This week's candlestick will be an unneeded confirmation.

Fri, 12/21/2012 - 10:05 | 3086420 CheapBastard
CheapBastard's picture

"The Sibyl, with frenzied mouth uttering things not to be laughed at, unadorned and unperfumed, yet reaches to a thousand years with her voice by aid of the god."



Fri, 12/21/2012 - 10:07 | 3086421 eddiebe
eddiebe's picture

I think the majority of 0 hedgies are giving the majority way too much credit. The people know that groceries at the super cost more, but gas and flat screens cost less and they don't even know about the fed or who Ben is, let alone any possibility that the $ may be in trouble or that they are being screwed.

This circus could go on and on and on for a long long time. The central banks and their military arm ARE in control and not only have the arsenal to defend their position, but to bring it to you big time. Face it.

Fri, 12/21/2012 - 10:29 | 3086510 redeals
redeals's picture

While I will freely admit that some of the posts on ZH are a little over my head (but I am getting better), I think you are right. The average guy on the street in the US sees their environment as it stands at the moment with no perception of where it is going or the forces that are causing it to move in whatever direction.

At best, some feel an uneasiness as if something is not quite right, but they have no idea what beyond the generic "it's the economy".

Fri, 12/21/2012 - 10:31 | 3086513 GMadScientist
GMadScientist's picture

Most of the people in the US are incapable of reckoning the arithmetic involved in their diminished weekly paychecks, much less the vagaries of finance.

Many in the US with vested interests in continued zombie-like consumption prefer it that way.

Fri, 12/21/2012 - 11:04 | 3086651 Zwelgje
Zwelgje's picture

Yeah, as long as the pension money keeps flowing (and buys stuff) the circus will go on.

Fri, 12/21/2012 - 10:09 | 3086436 kill switch
kill switch's picture

It looks like the FAT LADY has just been put on standby!!

Fri, 12/21/2012 - 10:11 | 3086449 MyBrothersKeeper
MyBrothersKeeper's picture

They will come up with a deal to save face imo.  As someone for the manipulation machine to spin hard today.  Notice income, persoanl spending, durable goods orders all up this morning. I still put going over cliff at about a 5% chance.  The only question is: who is going to magically save the day?

One issue they may have, however, on this quad witching day is:  are a very large group of traders/hedge funds going to take profits since we all know taxes are going up?  Or are the institutional traders so insulated in retirement plans that they offset any selling by all the dollar cost averaging in retirement plans (mostly into equities)? Or is Ben behind the scenes buying S&P futures faster than anyone can say "get to work"?  If a true capitulation is at hand, my guess is you'll see a 3% selloff today.  If not I believe it's just business as usual.

Fri, 12/21/2012 - 10:11 | 3086451 rsnoble
rsnoble's picture

Isn't it great being diluted by a bunch of brainless fucking idiots?  And why should they care..........they have nothing including no future if we were to go into societal collapse that would be mere entertainment for the future zombies.  I admit it would be funny as hell to watch them raid walmart and take all the big screens when there's no electricity lol.

Fri, 12/21/2012 - 10:18 | 3086473 Miss Expectations
Miss Expectations's picture

"I can't come back.  I don't know how it works."

The Wizard of Oz

Fri, 12/21/2012 - 10:26 | 3086499 tony bonn
tony bonn's picture

you are worried about entitlements soaring out of sight when the usa war budget is nearly 1/2 of the total world's military budget is testimony to your fascist would be a shame that someone would get a crappy 50 dollar per week food allowance while the fascists in power spend several trillions in the middle east fighting for oil.....yes, keeping people alive for - what 40 billion usd - while killing for oil is a brilliant policy solon....

Fri, 12/21/2012 - 12:02 | 3086959 De minimus
De minimus's picture

Fascists are defined by none other than Joe Stalin as "Socialists" who refuse to commit to Soviet leadership and dominance.

But you would know that if you actually read a book not provided you by communist professors and others who are down for the struggle. Truth has a real way of slapping you in the face with an I-beam, which is why Marxists obfuscate and lie their asses off, trying to snuff it out.

Fri, 12/21/2012 - 10:27 | 3086503 Cloud9.5
Cloud9.5's picture


Time settles all scores.  Some years ago, late in the evening, I was walking the Appian Way. There was a slight breeze that bore the remnant of whispers of ancient intrigues.   The plotters and the planners, the vanity and the hubris have all been swept into the dust bin of history.   The interactions of billions of people cannot be controlled.  To believe they can be is the presumption of knowledge.


The sad thing is those that would rule our lives are driven by egos that far exceed their cognitive abilities. They seriously think they are in control.  They plan and scheme and build their Maginot Lines while the future is rushing in on them at light speed.


The herd feels it.  They can see it in the failed businesses, rotting cities and bankrupt states.  Entropy will not be denied. The collapse is on schedule.



Fri, 12/21/2012 - 10:27 | 3086506 GMadScientist
GMadScientist's picture

I see your complete inability to grasp Baum's allegory remains intact.

Fri, 12/21/2012 - 10:31 | 3086515 stockscooter
stockscooter's picture

Holiday trading volume is about to perk-up...Get you a peppermint mocha latte and watch your screen next to the fireplace.  Should be pretty with all those red lights on the screen.  I love the holidays.

Fri, 12/21/2012 - 10:57 | 3086622 Cole Younger
Fri, 12/21/2012 - 12:59 | 3087207 The Joker
The Joker's picture

Residents of Oz are all required to follow one simple rule. Failure to follow this rule will be punished by death, no 'ifs', 'ands', or 'buts'. And do you know the best part about the rule? It's a secret!

Fri, 12/21/2012 - 12:46 | 3087155 The Joker
The Joker's picture

In my dream, the world had suffered a terrible disaster. A black haze shut out the sun, and the darkness was alive with the moans and screams of wounded people. Suddenly, a small light glowed. A candle flickered into life, symbol of hope for millions. A single tiny candle, shining in the ugly dark. I laughed and blew it out.

Fri, 12/21/2012 - 13:13 | 3087270 zerotohero
zerotohero's picture

December 21 2013 - nothing much changed in 12 months

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