Run-Time Error -2147418113: Catastrophic Failure

Tyler Durden's picture

Via Mark J. Grant, author of Out of the Box,

Apparently this is the message that popped up on the Congressional computer system when they were scheduling the last, last, last minute meeting before jumping over the cliff. The techies worked for hours I have heard but to no avail. What is interesting about this is that neither the computer geeks nor the people in charge of our government has any responsible position that is really useful to prevent the failure that is about to take place. The best that can even be hoped for now is some minor change in the rigging which may be heralded as “the fix to fix all fixes” but will be of little importance when considered in the light of day. I think the odds of any grand scheme that will honestly make a difference is equivalent to the value of a toe nail clipper when performing brain surgery.
If all of the focus is on taxes, which has been the case to date, then all of the solutions considered are for a problem that is of a secondary nature. No one wants to be really honest you see. No one wants to confront the primary issue which is that the social programs in place or being considered are not affordable. If we cannot afford the debt we now have then we surely cannot afford new debt for new programs. Until and unless the focus of the debate shifts around to what is really important then no useful conclusion will be reached which is why I am bereft of any optimism at this point. I would also note that the leadership skills of those in Washington D.C., on either side of the aisle or in the White House, have all of the adroitness of a runaway barge on the Mississippi river. The demi-gods may go with the flow but that is about it.
“We penetrated deeper and deeper into the heart of darkness. It was very quiet there.”
                  -Joseph Conrad
The equity markets have not panicked yet but I fear that is coming. There is a double edged sword here and both equally able to cut you. The first is that we go over the cliff and nothing happens and stalemate is not averted and we join John Lennon in “Nowhere Land” and hope and prayers give way to loss of faith and the prayers turn from a better day to thoughts that Salvation may not come. The second is that some deal is struck and that the effects of compromise are worse than the original construct. The crux of the problem is at the core of the values of the country. Some people want a more socialized environment where wealth is spread and those that earn pay for the lifestyles of those than do not or cannot while the opposite camp rejects that notion except for a safety net which is far below the desires of the other camp. America is divided and the lines are distinct. The socialization on the Continent has infected the American shores and the “have nots,” larger in numbers, are squared off with the “haves” in a fight to determine the core values of the country.
In the meantime the Fed buys, bonds compress and may compress more than I originally thought as a flight to safety takes place besides more demand than supply and panic ensues as an answer, if found at all, is not a solution but the hollow cry of the political banshee in the feckless wind. The drama may ring with “out, out damn spot” but I fear the dry cleaner is not functioning well these days and that being hung out to dry is all that may be reasonably expected.
“This thing that we call 'failure' is not the falling down, but the staying down.”
                     -Mary Pickford

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chunga's picture

Yummy, yummy, yummy, I got love in my tummy.

GetZeeGold's picture



I have nothing to combat that with.

chunga's picture

<-shutting up now.

This non-sense has become so absurd the only response I have left is to be absurd myself.

CPL's picture

Look the marathon starts in 25 minutes.  Here's your scissors. get going you scamp.

Bicycle Repairman's picture

"The socialization on the Continent has infected the American shores and the “have nots,” larger in numbers, are squared off with the “haves” in a fight to determine the core values of the country."

Keep fighting amongst yourselves.  Pay no attention to the "have mores" that have wrecked everything or fixing the wreckage.  BTW what are the "core values" of the "have mores?"

AU5K's picture

214 is the dallas area code.  Its Bush's fault !!  LOL

urwright's picture

if you have not dialed the # take a wild guess who's phone number it is

riphowardkatz's picture

you wrecked everything.


btw what are your core values? redistribute redistribute redsitribute and you just arent smart enough to do the redsitributing so it never ends up coming your way. maybe you should start realizing the redistribution is the problem. 

riphowardkatz's picture

thanks for the heads up redistributor. take from one to give to another sick sick sick.  you are a thief but most likely a bad one. You are the Rudy of thieves while Jamie Dimon and Barrack Obama are the Pippen and Jordan of thieves. You all believe in the rules of the game unfortunatly you just suck at it.



Buckaroo Banzai's picture

It's not "the have-mores versus the have-nots," it's the Makers versus the, understand, there are a shitload of rich Takers and a shitload of poor Makers. And there's also a shitload of rich Makers and a shitload of poor Takers.

Get it?

flattrader's picture

Yes.  The FIRE sector is so productive, they've nearly burned the global economy to the ground.

Way to go parasites...

HardAssets's picture

All the time we hear 'we can't afford the entitlements'. We seldom hear mention of how the banksters have stolen from the American people for 100 years by destroying the value of the currency, in order to advantage themselves. If 95% + of the value of the US dollar wasn't lost, people sure would have much healthier savings for their retirement and own healthcare, wouldnt they ? Add to this the waste and corruption (trillions in the 'Defense' Dept alone) and taxpayers being forced to cover bankster bad bets - - - and calls for austerity seem insincere, at best.   It seems that some fall for this rot, though.

Nels's picture

Well, we can't afford the entitlements.  And we should hang the counterfeiters.  And the Defense Dept should and could be greatly shrunk.

And if you've been reading ZH, you've seen all three opinions.  The MSM doesn't say much about anything, so I'm not sure what your 'seldom hear' means other than that you read the MSM mostly, and ZH and other honest sites seldom.

Calls for austerity are not insincere.  If you are worried about the fall in the value of the dollar, then you should be worried about austerity, as most of those new dollars are printed to cover our non-austere Federal deficit.

Federal spending is always wasteful, and it is wasteful of money that taxpayers could better use for their own healthcare and retirement savings.  Blowing money by giving everybody a Cadillac-priced version of Englands lousy NHS is what is rotten here.

flattrader's picture

>>>Blowing money by giving everybody a Cadillac-priced version of Englands lousy NHS is what is rotten here.<<<

Yes. Completely unaffordable unlike the corporate tax credits and deductions, corporate federal subisdies, special tax treatment for hedge funds and illegal wars.

>>>Calls for austerity are not insincere.<<<

Even more sincere when the call for austerity to begin on the backs of everyday Americans for their own good.

[ You almost got away with it...until that very last sentence. ]

Jake88's picture

sooner or later you run out of other peoples money.

Ookspay's picture

There are future complications in the strings between the cans...

Sancho Ponzi's picture

Why the f#ck is the Congressional computer running a 32 bit OS?

StychoKiller's picture

8 bits was enough for our forefathers...

HardAssets's picture

or ten fingers and ten toes

CPL's picture

Because it's business majors doing the server engineering....don't even go there.  It's all built to be laughed at and mocked.

viahj's picture

and we pay for it all!

Snakeeyes's picture

Oh the humanity! Automatic spending cuts for 2013 are 6% of the 2012 Federal deficit! This is all BS by the political class.

mrktwtch2's picture

rnage for 2013 spx 1080 to 1550..where we end will be the big

rsnoble's picture

I bet Hannibal could find a use for a nail clipper while doing brain surgery. Right off I can think of several politicians that need a lobotomy. Oh wait, they've already had one.

GetZeeGold's picture



Well if you think it would help....I say give him a shot.

HardAssets's picture

Yes, many of them have been lobotomized. But, those left do have the remnant of a rudimentary lizard brain stem. They use this to scavenge for their basic needs for taxpayer loot and Congressional interns.

Lets_Eat_Ben's picture

These chodes are such a joke I can't laugh anymore.

Lets_Eat_Ben's picture

I'm just kidding!!! lolololol

fonzannoon's picture

I wish Mark Grant would use some quotes every now and again to spice his articles up.

BlueCollaredOne's picture


"A fine quotation is a diamond in the hand of a man of wit, and a pebble in the hand of a fool"

--- Joseph Roux

NoDebt's picture

I smell another 3-6 month "kick the can" extension by Sunday.

Super Broccoli's picture

as usual ! Remeber that schweppse " hey what did you expect" ad ? :

El Oregonian's picture

It only gets BITTER from here...

Karlus's picture

To what effect? So we can be on the edge of our seats in June?

Im not denying it will happen, but the retail investor will throw up all over it while the algos rejoice.

At some point there will not be any fish (retail) left in the pond, just fishermen (algos)

NoDebt's picture

"but the retail investor will throw up all over it while the algos rejoice."

Exactly.  Part of the reason I think it will happen.

I've been looking for an entry point for WEEKS now.  Just keeps going up.  I've got a medium-sized pile waiting for a nice "debt ceiling fiasco"-style dip to buy in on.  Fiscal Cliff thing looked juicy so I bided my time.  I suspect I may be waiting for a lot longer than I think. 

I keep looking around the poker table to figure out who the mark is.  I can't figure it out, so that means it's probably me.

That being said, I think the market showed it's hand yesterday when it started to sink in that we might actually be going over that cliff, only to be pulled back to even with a typical late-day stick-save comment out of DC.  What I learned from that was confirmation that going over the cliff is NOT priced into the markets.  If we go over there will be blood.  And I'll be there to.... um..... drink it??  No, no, that's not right.  That's disgusting.  I'll be glad it's not my blood, at any rate.

NotApplicable's picture

You've got a medium-sized pile? I'll bet Jamie Dimon thinks otherwise, rehypothetically speaking.

HardAssets's picture

Really, on the edge of your seat ?   Well, to help I'll give away the ending of the 'movie' to relieve the suspense.

You, me, and anyone not an insider billionaire or politician . . . . get screwed over.

caimen garou's picture

instead of kicking that can they should be kicking something else, or should I say someone else!

Debeachesand Jerseyshores's picture

Just in time for a "year ending" rally.

francis_sawyer's picture

Conjuring up more joobux will save the day once again... Those moneyprinters are so smart & have YOUR best interests in mind...

Lets_Eat_Ben's picture

Hitting the joozimecks hard this morning. Go easy, it's going to be a looooong day.

francis_sawyer's picture

This is a financial site... So they're all but impossible to miss...

francis_sawyer's picture

If you don't want to get caught with your hand in the cookie jar... Stop stealing cookies...

Lets_Eat_Ben's picture

Francis: click that link. It's the funniest thing you may ever see.