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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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Fri, 12/28/2012 - 09:42 | 3101272 chunga
chunga's picture

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

Fri, 12/28/2012 - 09:45 | 3101285 GetZeeGold
GetZeeGold's picture



I have nothing to combat that with.

Fri, 12/28/2012 - 09:55 | 3101308 chunga
chunga's picture

<-shutting up now.

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

Fri, 12/28/2012 - 10:06 | 3101336 CPL
CPL's picture

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

Fri, 12/28/2012 - 10:14 | 3101352 Bicycle Repairman
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?"

Fri, 12/28/2012 - 10:17 | 3101364 AU5K
AU5K's picture

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

Fri, 12/28/2012 - 10:36 | 3101422 urwright
urwright's picture

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

Fri, 12/28/2012 - 10:19 | 3101370 riphowardkatz
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. 

Fri, 12/28/2012 - 10:25 | 3101386 Lets_Eat_Ben
Lets_Eat_Ben's picture

You're missing the point.

Fri, 12/28/2012 - 10:36 | 3101424 riphowardkatz
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.



Fri, 12/28/2012 - 10:59 | 3101503 Lets_Eat_Ben
Lets_Eat_Ben's picture

strike 2

Fri, 12/28/2012 - 18:34 | 3102153 Bicycle Repairman
Bicycle Repairman's picture

No, strike three.  He's out.

Fri, 12/28/2012 - 10:40 | 3101436 Buckaroo Banzai
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?

Fri, 12/28/2012 - 11:47 | 3101693 Quinvarius
Quinvarius's picture

Good explanation.

Fri, 12/28/2012 - 13:03 | 3101910 flattrader
flattrader's picture

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

Way to go parasites...

Fri, 12/28/2012 - 10:53 | 3101480 WillyGroper
WillyGroper's picture

Core Values----Here ya go. Grab some kleenex.

Fri, 12/28/2012 - 11:01 | 3101510 HardAssets
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.

Fri, 12/28/2012 - 12:04 | 3101760 Nels
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.

Fri, 12/28/2012 - 13:28 | 3101944 flattrader
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. ]

Fri, 12/28/2012 - 11:57 | 3101733 Jake88
Jake88's picture

sooner or later you run out of other peoples money.

Fri, 12/28/2012 - 10:11 | 3101343 Ookspay
Ookspay's picture

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

Fri, 12/28/2012 - 10:21 | 3101375 Sancho Ponzi
Sancho Ponzi's picture

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

Fri, 12/28/2012 - 10:37 | 3101427 StychoKiller
StychoKiller's picture

8 bits was enough for our forefathers...

Fri, 12/28/2012 - 11:03 | 3101515 HardAssets
HardAssets's picture

or ten fingers and ten toes

Fri, 12/28/2012 - 10:38 | 3101430 CPL
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.

Fri, 12/28/2012 - 12:03 | 3101753 viahj
viahj's picture

and we pay for it all!

Fri, 12/28/2012 - 11:36 | 3101654 Snakeeyes
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.

Fri, 12/28/2012 - 09:42 | 3101275 mrktwtch2
mrktwtch2's picture

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

Fri, 12/28/2012 - 09:45 | 3101282 rsnoble
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.

Fri, 12/28/2012 - 09:46 | 3101288 GetZeeGold
GetZeeGold's picture



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

Fri, 12/28/2012 - 11:06 | 3101527 HardAssets
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.

Fri, 12/28/2012 - 09:47 | 3101290 Lets_Eat_Ben
Lets_Eat_Ben's picture

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

Fri, 12/28/2012 - 10:10 | 3101340 Lets_Eat_Ben
Lets_Eat_Ben's picture

I'm just kidding!!! lolololol

Fri, 12/28/2012 - 09:48 | 3101292 fonzannoon
fonzannoon's picture

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

Fri, 12/28/2012 - 10:35 | 3101417 BlueCollaredOne
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"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

Fri, 12/28/2012 - 09:49 | 3101293 NoDebt
NoDebt's picture

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

Fri, 12/28/2012 - 09:53 | 3101300 Super Broccoli
Super Broccoli's picture

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

Fri, 12/28/2012 - 09:59 | 3101316 El Oregonian
El Oregonian's picture

It only gets BITTER from here...

Fri, 12/28/2012 - 10:00 | 3101318 Karlus
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)

Fri, 12/28/2012 - 10:30 | 3101379 NoDebt
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.

Fri, 12/28/2012 - 12:25 | 3101816 NotApplicable
NotApplicable's picture

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

Fri, 12/28/2012 - 11:35 | 3101646 HardAssets
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.

Fri, 12/28/2012 - 10:15 | 3101358 caimen garou
caimen garou's picture

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

Fri, 12/28/2012 - 10:26 | 3101388 Debeachesand Je...
Debeachesand Jerseyshores's picture

Just in time for a "year ending" rally.

Fri, 12/28/2012 - 12:09 | 3101778 Jake88
Jake88's picture

do you think

Fri, 12/28/2012 - 09:51 | 3101294 francis_sawyer
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...

Fri, 12/28/2012 - 10:14 | 3101350 Lets_Eat_Ben
Lets_Eat_Ben's picture

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

Fri, 12/28/2012 - 10:27 | 3101390 francis_sawyer
francis_sawyer's picture

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

Fri, 12/28/2012 - 10:30 | 3101391 francis_sawyer
francis_sawyer's picture

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

Fri, 12/28/2012 - 11:01 | 3101509 Lets_Eat_Ben
Lets_Eat_Ben's picture

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

Fri, 12/28/2012 - 11:09 | 3101540 francis_sawyer
francis_sawyer's picture

Fine example of what goes on behind closed doors in the top echelons of power & money...

Fri, 12/28/2012 - 11:09 | 3101541 francis_sawyer
francis_sawyer's picture

Fine example of what goes on behind closed doors in the top echelons of power & money...

Fri, 12/28/2012 - 09:49 | 3101295 Super Broccoli
Super Broccoli's picture

the one that believes politicians can fix a problem they created is one hell of a fool

Fri, 12/28/2012 - 10:17 | 3101363 insanelysane
insanelysane's picture

The DNC and RNC must be destroyed to re-free America.

Fri, 12/28/2012 - 10:22 | 3101378 kridkrid
kridkrid's picture

That won't do it, either.  It's the monetary system that will fail first... and then all bets are off.  Not a bad start, however.

Fri, 12/28/2012 - 10:19 | 3101368 kridkrid
kridkrid's picture

That's the answer.  There is no "fix".  If they do something, it will be presented as a "fix" and the lemmings will buy into it.  Both "sides" will say that it's not the perfect solution so that when things need to be "fixed" again, in a short while, they will have some wiggle room to explain why the first fix didn't "fix".  Rinse and repeat.

There is no fix!  The problem is NOT gov't debt in a vacuum, the problem is aggregate debt/credit... and it's not a "problem" per se, it's the natural functioning and the inevitable result of a monetary system in which all "money" is loaned into existence with interest attached.  DEBT MONEY.  Everything we are experiencing now is the natural progression of the monetary system we selected.  There is NOTHING that can be done to fix it... It is MATH.  Until someone can come up with a way to make math not work aggregate debt must expand to infinity. 

Fri, 12/28/2012 - 11:58 | 3101734 Joshua_D
Joshua_D's picture

Everything we are experiencing now is the natural progression of the monetary system we selected.


Cough, cough. You mean the monetary system that the bankstas created and FedGov approved, right? I sure as hell didn't choose to have my wealth stolen via the never ending inflation of a debt money system.

Die bankstas!

FU Bernake!

Fri, 12/28/2012 - 12:27 | 3101822 NotApplicable
NotApplicable's picture

Yeah, I can't imagine anyone agreeing to such madness. Their "representatives" however...

Fri, 12/28/2012 - 11:41 | 3101551 HardAssets
HardAssets's picture

The politicians are just the errand boys.

Why would anyone 'fix' what was designed to break ?


creates a 'New World Order'

Fri, 12/28/2012 - 09:49 | 3101297 negative rates
negative rates's picture

If congress feels froggie, JUMP!

Fri, 12/28/2012 - 09:53 | 3101304 cosmyccowboy
cosmyccowboy's picture

aaah the french where once great at giving their polticians lobotomies... if you mean seperating the head from the body!? do you suppose they still have that guilotine in a musem somewhere... we could set it up on the mall and see if it still works!!!

Fri, 12/28/2012 - 10:06 | 3101333 Dugald
Dugald's picture

Buy one from IKEA, you could get term payment, pay that off with the commission per head...

Quelle bonne idée

Fri, 12/28/2012 - 10:10 | 3101341 Super Broccoli
Super Broccoli's picture

apparently that good old Marylin Manson has one : :-)

Fri, 12/28/2012 - 10:17 | 3101362 negative rates
negative rates's picture

It does, but we're still waiting for The Donald to remove that ring around the collar problem he has!

Fri, 12/28/2012 - 12:14 | 3101790 Jake88
Jake88's picture


Fri, 12/28/2012 - 10:06 | 3101335 tooriskytoinvest
Fri, 12/28/2012 - 10:08 | 3101338 Next to Arch Stanton
Next to Arch Stanton's picture

I'm hopeful for 2013.  I'm hopeful that this drawn-out runaway train will finally wreck in 2013.

Fri, 12/28/2012 - 10:12 | 3101346 Dutch_Gemma
Dutch_Gemma's picture

Isn't this a case of someone doing their job.


... Only the part that needs them to fix isn't part of their job description? 


... the part that needs fixing isn't in anybody's job description ... !

Fri, 12/28/2012 - 10:15 | 3101357 riphowardkatz
riphowardkatz's picture

can't afford it ha. by all means necessary it can be afforded the cost may be too high for you but I can guarantee it isnt for others.

Fri, 12/28/2012 - 10:16 | 3101359 Super Broccoli
Super Broccoli's picture

by the way the fiscal cliff ain't the problem, the US national debt is : 87 billions to bust, it's getting close

Fri, 12/28/2012 - 10:17 | 3101366 Rathmullan
Rathmullan's picture

They will kick the can for 6 months. They'd like to kick the can for one year but that may not be enough to avoid downgrades from Fitch and S&P....which, in itself, tells you where we're at.

Fri, 12/28/2012 - 10:19 | 3101373 fonzannoon
fonzannoon's picture

we can kick for six months we should get downgraded. Those rating agencies mean business!


Fri, 12/28/2012 - 10:21 | 3101377 the not so migh...
the not so mighty maximiza's picture

You zany yankees;  defalut allready and go bankrupt.  No more 3rd rate acting.

Fri, 12/28/2012 - 10:24 | 3101384 GetZeeGold
GetZeeGold's picture



We boys in Dixie stand ready to rise again and help......should you need us.

Fri, 12/28/2012 - 10:24 | 3101383 hairball48
hairball48's picture

Who'll jump off the cliff  with the ninnys in Washington DC ???!!!

Fri, 12/28/2012 - 22:05 | 3103936 Miffed Microbio...
Miffed Microbiologist's picture

Actually I prefer this one. Never fails to bring a smile to my face!


Fri, 12/28/2012 - 10:26 | 3101389 HurricaneSeason
HurricaneSeason's picture

Actually, there is only one problem that nobody talks about: shipping our Levi's and electronics and toilet paper from the other side of the world for 50 cent an hour labor and no benefits. If they think they can pay the public sector double the wages and triple retirements and fight endless wars against unarmed nations with fewer and fewer real jobs each year to tax, they are mistaken. They will lose the exorbitant privilege of the reserve currency and multiply the already ridiculous problem ten fold.

Fri, 12/28/2012 - 10:44 | 3101454 IamtheREALmario
IamtheREALmario's picture

The entire westerm system loses power when consumerism in the west goes away. Real structural changes would have to be made without consumerism. Of course, the western banks can just drop the US from its client list and like the wandering jew of old travel on to the next untapped territory.

Mostly, I do not blame consumers for being mind controlled suckers. However, the US level of resource consumption that everyone wrings their hands over need not be the order of the day tomorrow. We can have a great lifestyle without wasteful resource usage.

Fri, 12/28/2012 - 11:30 | 3101620 HurricaneSeason
HurricaneSeason's picture

At least we don't live in a desert.  The Egyptians wanted to immediately get rid of their leader without any consideration about when a replacement would be made. The semi trailers had to keep bringing the food to the desert. I hope we're not that stupid if dancing with the stars is on. I don't know why the Chinese aren't forced to be consumers instead of savers the minute they get a job, either through negative interest rates or subsidized prices.  They must be afraid of showing us up too bad too soon.

Fri, 12/28/2012 - 10:33 | 3101411 SheepDog-One
SheepDog-One's picture

So then is this the 'scare tactics', with DOW down just under 'magical 13,000' with a real value of maybe 4,000? Wow the bullshit is getting real deep out there.

Fri, 12/28/2012 - 10:35 | 3101415 Marley
Marley's picture

"They sit in their offices and look at papers which are lying in front of them, and on those papers are written figures which again represent papers … They write down noughts, and nine noughts mean a milliard. A milliard comes easily and trippingly to the tongue, but no one can imagine a milliard."

Fri, 12/28/2012 - 10:37 | 3101421 IamtheREALmario
IamtheREALmario's picture

IMO, there are too many bankers, stock market fraudsters, too many high priced lawyers, too many real estate developers/speculators, too many resource pirates and too many insurance executives (fill in your own list of people who have created a graven image of themselves by virtue of their money) to effectively implement anequitable system. Most of the current monied would have to be cast down and absorbed into the masses (or simply eliminated). There is not enough room for them within the elitist rankes with the central government controllers.

The more I think about it, the more they have to make Wall Street and the Fed the scapegoat. If it matters (and I am not sure it does), the largest part of the government debt will disappear when the Fed and Wall Street banks are dissolved. The derivatives will unwind and be found meaningless to everyone except the banks.

This does not mean that the power behind the banks will not still be there or at least still be there until the end of the transition period when we are put under new management.

Fri, 12/28/2012 - 10:39 | 3101428 jplotinus
jplotinus's picture

" 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."

Earth to Mark Grant:

Your quoted comment is a gross oversimplification; a classic example of ignoring the elephant in the room; and fundamentally incorrect. All this in an attempt to put things mildly, maintaining a civil tone.

All Mark Grant has really done is simply announce that he is a Republicrat who sides with the corporatists, bankstas, and militarists.

Words that are missing from Mark Grant's claim of honest and truthful analysis:

-bank fraud
-defense spending
-pretextual wars
-war crimes
-tax cuts
-off shoring

To name some words that, upon analysis, would be seen, separately and collectively, to have a significant impact on, respectively, US debt, annual budget deficits, future indebtedness.

Perhaps the single greatest error is that of staking out a claim of truthiness that is not only factually incorrect but that also serves to prevent self awareness of one's political bias.

Mark Grant has a severe and limiting (of his ability to reason) bias.

That is too bad.

Fri, 12/28/2012 - 11:15 | 3101564 the not so migh...
the not so mighty maximiza's picture

dynomite post. 

Fri, 12/28/2012 - 11:29 | 3101615 Zero Debt
Zero Debt's picture

The reason Mark Grant is not writing for the Lamestream is not that he did not use the keywords "unintended consequence", "moral hazard" and "artificially low interest rates". No, it is because he has not embraced the following essential concepts of "modern" cultural marxist political thinking:

1. Any foreign policy issue can be solved by "liberating" object of contention, leave the details to "generals and experts", "promote friendly ties" with whoever locals that play ball and use "preemptive kinetic action" to bomb the hell out of those who do not, so that everyone still standing is in agreement

2. Any social issue can be solved by "diversity" and "gender equality" so that everyone, especially men and women and people of different background will be kind to each other, and if that does not do the trick, resolve any violence and crime issue with "gun control", because if there were no guns there would be no shootings and we would all be safe

3. All economic issues can be traced back to a fundamental shortage of money which is caused by evil speculators hoarding cash, which can be solved by "quantitative easing" that puts money back in the hand of the peoples to stimulate the economy

BRILLIANT! Or at least good for a Nobel prize in social engineering

Fri, 12/28/2012 - 12:18 | 3101804 CPL
CPL's picture

His bias is built on his dogmatic belief of the status quo of US hegemony.  His inability to grasp that he can lose everything he's built and saved over a lifetime in a dying fiat currency.  

Nothing to be done about helping him or the rest of them following a poorly founded idea, bad ideas happen and people fall for them.

Fri, 12/28/2012 - 13:24 | 3102002 flattrader
flattrader's picture

>>>Mark Grant has a severe and limiting (of his ability to reason) bias.

That is too bad.<<<

Mark J. Grant is a corporate bankster bitch.  His target audience is Wall Street.

"Mark Grant is among the most astute observers of the financial scene. His daily musings are read by a 'who's who' of Wall Street pros..."

Fri, 12/28/2012 - 11:28 | 3101610 rejected
rejected's picture

Looks like Grandma is back in everyone's sights while the largest, and by far costly social program goes unmentioned. That program just announced sending teams to 35 different African nations and planning hundreds of war games,,, maintains seven naval groups,,, a thousand bases overseas and is presently involved in five to ten conflicts depending on how you count.  Yea, Grandma has to starve and the taxpayers have to bleed so we can build the thousands of Drones and missiles needed to blow said miscreants to Allah.... (and soon us!). Repatriating our exported industry and it's associated jobs isn't even a blip on congr-asses radar screen.  BOHICA

Fri, 12/28/2012 - 11:29 | 3101616 GMadScientist
GMadScientist's picture

What, no munchkins in your blender-full of mixed metaphors this time?!

Fri, 12/28/2012 - 11:48 | 3101699 Buck O Five
Buck O Five's picture

8000FFFF Bitchez

Fri, 12/28/2012 - 13:18 | 3101971 flattrader
flattrader'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.<<<

How else would a corporate bankster bitch define the problem?

Mark J. Grant is Managing Director of the Corporate Syndicate Department for a publicly traded investment bank. In addition, he has run the capital markets departments and has been on the boards of four investment banks. He also served as the president of a public company in telecommunications and was on its board of directors.

Corporate/Government cronyism on both side of the pond is completely blameless.

Sat, 12/29/2012 - 10:59 | 3104468 chinaboy
chinaboy's picture

Always good articles.

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