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US To Officially Go Over The Fiscal Cliff

Tyler Durden's picture





 

As we forecast back in November, it is now official that the House will not vote on any deal out of the Senate, assuming there is one, later today, which means America will officially slide off the Fiscal Cliff. And now cue everyone being very hopeful and optimistic a deal will get done momentarily, if not sooner, in 2013. Of course, we all know just how far optimism takes America's dysfunctional Congress. The biggest irony in all of this is that the only winners today were the much hated "1%"-ers, whose taxes may or may not go up, who just got to book major year end profits on this last minute ramp. The remainder of America's population can quietly look forward to 2013 with "hope" and "optimism" that in 2013 Congress will finally stop being dysfunctional. Good luck. Oh, and before we forget, America just breached its debt ceiling: now the pillaging of various government retirement funds begins.

Finally, since the US is now officially over the cliff, does this mean that Ben Bernanke can finally get to work? Recall his words:

"if the economy actually went off the fiscal cliff, our assessment, the CBO’s assessment, outside forecasters, all think that that would have very significant adverse effects on the economy and on the unemployment rate. And so, on the margin, we would try to do what we could. We would perhaps increase a bit."

Is it time to increase QE just "a bit" then?

 


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Mon, 12/31/2012 - 17:03 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

AWESOME!!!!  BOUT DAMNED TIME SOMEONE STOOD UP IN THAT SORRY ASS TOWN!!!!  I'm breaking out the Schlitz Malt Liquor tonite to celebrate.  Screw the champagne....................

Mon, 12/31/2012 - 17:06 | Link to Comment maxmad
maxmad's picture

No deal Bitchez!

Mon, 12/31/2012 - 17:07 | Link to Comment in4mayshun
in4mayshun's picture

Minutes after the market closed...big surprise there.

Mon, 12/31/2012 - 17:08 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Cue Chuck Jones.

Mon, 12/31/2012 - 17:12 | Link to Comment Stackers
Stackers's picture

$100,000 per second and counting ...........

 

do the math, that is not an exaggeration

Mon, 12/31/2012 - 17:19 | Link to Comment Manthong
Manthong's picture

Well, a lot of people will get to know how Buzz felt..

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

Mon, 12/31/2012 - 17:22 | Link to Comment I think I need ...
I think I need to buy a gun's picture

this news is actually not official yet CNBC has NOT announced this!!!!!!!!!!!!!

Mon, 12/31/2012 - 17:26 | Link to Comment smlbizman
smlbizman's picture

as soon as they gey done pissing off putin. which is most important...we will get back to the cliff...if it saves 1 child...

Mon, 12/31/2012 - 17:32 | Link to Comment flacon
flacon's picture

Motherfuckin' VXX!

Mon, 12/31/2012 - 17:34 | Link to Comment Pareto
Pareto's picture

+100 :)  cleaning the comp screen of coffee......again.

Mon, 12/31/2012 - 18:11 | Link to Comment Pladizow
Pladizow's picture

10,9,8,7,6,5,4,3,2,1...Unhappy New Year!

Mon, 12/31/2012 - 18:19 | Link to Comment francis_sawyer
francis_sawyer's picture

I'm drinking "Andre'"... The BEER of champagnes...

Mon, 12/31/2012 - 18:56 | Link to Comment The Gooch
The Gooch's picture

Cold Duck, bitchez.

Happy Fuckin' New Year!

Mon, 12/31/2012 - 19:15 | Link to Comment Texas Ginslinger
Texas Ginslinger's picture

"...The biggest irony in all of this is that the only winners today were the much hated "1%"-ers, whose taxes may or may not go up, who just got to book major year end profits on this last minute ramp..."

Really..??

Are you saying that only the wealthy are smart enough to make money in an up & down market..??

If the markets are moving and you aren't making money, what are you doing..??

 

Mon, 12/31/2012 - 20:01 | Link to Comment negative rates
negative rates's picture

I peered in, and think the old man just became, cliffofied.

Mon, 12/31/2012 - 21:03 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

Every time I hear Senator Rand Paul I think to myself, Oh my poor dear boy, God Love him, Do you not know what the game plan and end game is?
                                     
123112 - Sen. Rand Paul speaks on fiscal cliff negotiations

http://www.youtube.com/watch?feature=player_embedded&v=Ht_qjv54iB8

Mon, 12/31/2012 - 21:12 | Link to Comment markmotive
markmotive's picture

Nobody cares. Market had the biggest final day rally since 1974.

 

Mon, 12/31/2012 - 23:18 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

I am hereby re-branding the lexicon terminology "Assault Weapons" to "Defense Rifles" from hear on out.

Please use the correct terminology when referring to Rifles as "Defense Rifles" when addressing the machine in conversation.

Thank You.

Mon, 12/31/2012 - 22:46 | Link to Comment WTFUD
WTFUD's picture

Bartering with the corner grocer who demands more of my foodie stampies for the outadate sloppy gmo on offer. inflation nah!

Mon, 12/31/2012 - 23:17 | Link to Comment Sparkey
Sparkey's picture

Losing Money? The Fiscal Cliff hysteria is having a toll on me, I dream, I have been thrown off the Cliff, screaming into the night, I can see the bottom rushing up to meet me, somehow, before I reach the bottom, I awake in a cold sweat, whimpering and calling to Mother and Jesus. This is bad business, please urge someone to do something Before I lose my mind, I can't take the stress much longer, Why can't we have just a little more QE?Just enought to ease the pain, please Mr. B I beg you just a small dose of stimulus to help me sleep!

Tue, 01/01/2013 - 01:00 | Link to Comment Roosting Chicken
Roosting Chicken's picture

That's funny.  I had the same dream, only I was thrown off a boat with my bag o' silver and could see the bottom rushing up toward me.  Somehow, before I met the bottom I realize I can just let go of the silver and float back up again.  But MOTHER JESUS I lost all my silver!  Truth be told, truth be told.

Tue, 01/01/2013 - 00:28 | Link to Comment jballz
jballz's picture

 

If you are trading and you aren't the wealthy, then it is quite obvious what you are doing.

Mon, 12/31/2012 - 20:05 | Link to Comment DaveyJones
DaveyJones's picture

whenever I drink to congress, I can't help thinking of these wines and this site:

Night Train Express
17.5% alc. by vol.

Don't let the 0.5% less alcohol by volume fool you, the Night Train is all business when it pulls into the station. All aboard to nowhere - woo wooo! The night train runs only one route: sober to stupid with no roundtrip tickets available, and a strong liklihood of a train wreck along the way. This trainyard favorite is vinted and bottled by E&J Gallo Winery, in in Modesto, CA. Don't bother looking on their web page, because they dare not mention it there. As a clever disguise, the label says that it is made by "Night Train Limited." Some suspect that Night Train is really just Thunderbird with some Kool-Aid-like substance added to try to mask the Clorox flavor. Some of our researchers indicated that it gave them a NyQuil-like drowsiness, and perhaps this is why they put "night" in the name.

courtesy of bumwine.com

Mon, 12/31/2012 - 20:16 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Put em in the freezer. You can drink the alcohol without any of that other stuff.

 

really works... try it .. NT or BF

Mon, 12/31/2012 - 20:30 | Link to Comment ebworthen
ebworthen's picture

LOL

Thanks for that.

I remember Mad Dog 20/20, the DOG, MD!

Or...Manischewitz!

What's funnier is the suburbanites who buy the box wine or even waste money on cases of the $12 a bottle stuff just so they can get drunk and not look like drunks buying Popov vodka, Scoresby, or Night Train.

Mon, 12/31/2012 - 20:40 | Link to Comment toady
toady's picture

Ah, the good old days!

Olde English 800, 5 o'clock vodka, Canadian Mist... along with the ones you mentioned.

I can hardly remember my youth!

Mon, 12/31/2012 - 21:02 | Link to Comment Fredo Corleone
Fredo Corleone's picture

Four Roses...Popov...Haffenreffer...Narragansett...the rotgut of youth indeed. To quote Jerry Lee Lewis --

"What's made Milwaukee famous has made a loser out of me."

Mon, 12/31/2012 - 22:03 | Link to Comment optimator
optimator's picture

Rupert Knickerbocker, Piels, Rigne Special, Hamms, any one of which worked perfectly in washing down vodka after tasting it.  Even in my youth I couldn't touch Nastygansett.

Tue, 01/01/2013 - 00:10 | Link to Comment FEDbuster
FEDbuster's picture

What's the word? Thunderbird!

Tue, 01/01/2013 - 10:29 | Link to Comment CH1
CH1's picture

Richard's Wild Irish Rose and Boone's Farm.... just the mention of the names could make a guy queasy.

Tue, 01/01/2013 - 11:41 | Link to Comment Fredo Corleone
Fredo Corleone's picture

"What's the price ?"

"Fifty twice!"

Mon, 12/31/2012 - 21:57 | Link to Comment D-liverSil-ver
D-liverSil-ver's picture

Yeah that brings back memories from college... I scantly recalll chasing down a Rorer 714 with a quart of Olde English 800.

The feeling in my face came back the next day...

Tue, 01/01/2013 - 06:37 | Link to Comment Disenchanted
Disenchanted's picture

 

 

With Everclear sweet darkness is near.

grain alcohol bitchez...

Tue, 01/01/2013 - 10:31 | Link to Comment CH1
CH1's picture

Rorer 714....

Dude, you were hard core!

Mon, 12/31/2012 - 17:29 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Pillaging?

Historically it has been raping and pillaging. 

Mon, 12/31/2012 - 17:45 | Link to Comment tenpanhandle
tenpanhandle's picture

Due to the recent elections, it is now assumed that participants are willing, therefore, no rape.

Mon, 12/31/2012 - 17:47 | Link to Comment ElTerco
ElTerco's picture

Republican "media consultants" have advised all Republicans to no longer use the word rape, period.  Therefore "pillaging" is the new PC equivalent of the old phrase, "raping and pillaging". 

Mon, 12/31/2012 - 17:53 | Link to Comment Stochdoc
Stochdoc's picture

My preference is for brutally beaten, raped and sodomized.

Mon, 12/31/2012 - 20:16 | Link to Comment Bananamerican
Bananamerican's picture

mine is for all rapists to be summarily executed during times of war or civil disturbance....or hell, Anytime.

Mon, 12/31/2012 - 21:58 | Link to Comment Lore
Lore's picture

+100

Tue, 01/01/2013 - 20:01 | Link to Comment tenpanhandle
tenpanhandle's picture

the two rapist in the crowd disagree.

Mon, 12/31/2012 - 17:44 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

Cnbc just had Schiff on with the moron Leisman....among the jewels leisman dropped - 

"the dollar hasnt lost any significant value....its the currency everyone wants....."

fucking sick moronic cocksucking propgandist...

 

must c tv....

Mon, 12/31/2012 - 17:49 | Link to Comment flacon
flacon's picture

It's LIBORman.... sorry to correct you. Or you could also say LIEberman. 

Mon, 12/31/2012 - 17:54 | Link to Comment maxmad
maxmad's picture

Or just Liesman

Mon, 12/31/2012 - 18:43 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

roll tape....

again, LIESman is a fucking moronic bitch ass wall street banker bitch.... 

 

http://video.cnbc.com/gallery/?play=1&video=3000138329

Mon, 12/31/2012 - 19:26 | Link to Comment derek_vineyard
derek_vineyard's picture

watch out with the rant kaiser....they'll come for your guns

Mon, 12/31/2012 - 20:15 | Link to Comment 10mm
10mm's picture

Fuck the fat bald cock.

Mon, 12/31/2012 - 21:23 | Link to Comment akak
akak's picture

Not even for $10,000,000 in a haz-mat suit.

Besides, he has bent over for Ben (Dover) Bernanke so many times, he'd be about as loose as a 55 year-old DC prostitute.  Which is incidentally exactly what he is.

Mon, 12/31/2012 - 21:30 | Link to Comment captain_menace
captain_menace's picture

I would definitely need to do it before midnight, as my New Year's resolution is to stop fucking old men that look like the Evil Emperor.

Mon, 12/31/2012 - 20:48 | Link to Comment Hulk
Hulk's picture

If you watch "this old house", you can see he's a pretty good plumber though ...

Tue, 01/01/2013 - 01:08 | Link to Comment mumcard
mumcard's picture

Hey, don't bad mouth Rich Trethewey.  He's probably cleaned up enough shit to scare the hell out of congress.

Mon, 12/31/2012 - 22:08 | Link to Comment Temporalist
Temporalist's picture

At about 1:05 in - "Laffer curve in reverse, rats are rising"

The RATS ARE RISING!!!

 

It's pretty clear that Liarsman is there just to interrupt Schiff.

Mon, 12/31/2012 - 23:24 | Link to Comment Glasshopper
Glasshopper's picture

lying fat bastard man or fat lying bastard man or that fat lying bastard man on msnbc

 

gosh one could go on

Mon, 12/31/2012 - 18:53 | Link to Comment Diamond Jim
Diamond Jim's picture

Yen vs. $$$ back in the early 70s was 366 yen to the dollar......who says we haven't been debasing our currency. Liesman is an idiot and an Obama apologist.

Mon, 12/31/2012 - 21:13 | Link to Comment Everybodys All ...
Everybodys All American's picture

Liesman it must be pointed out spent many years in the former Soviet Union. Why, I have no idea? I'm not about conspiracy but just pointing out facts and nothing at this point would surprise me.

Mon, 12/31/2012 - 22:12 | Link to Comment knukles
knukles's picture

Secret Squirrel

Mon, 12/31/2012 - 17:44 | Link to Comment TheMayor
Mon, 12/31/2012 - 18:28 | Link to Comment debtor of last ...
debtor of last resort's picture

100 meters of ponzi rope a second. I'm selling, 15 meters for one ounce. Today it's silver, tomorrow gold. Hurry up, it's the cliff calling. Does that sound Dutch or not?

Tue, 01/01/2013 - 08:21 | Link to Comment CPL
CPL's picture

Bit more than that actually, you are using numbers from the 80's, we're in hundreds of trillions now with the unfunded liabiliities.

Mon, 12/31/2012 - 17:17 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

It seems I got everything I wanted this year, and for reasons not obvious to most.

7 hrs, 45 minutes for billionaires to drop dead or 55% inheritance tax bitches.

Mon, 12/31/2012 - 17:23 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Are you ringing in the New Year with a rendition of An Die Schadenfreude?

Mon, 12/31/2012 - 17:31 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

Absolutely! Happy New Year CA.com

Mon, 12/31/2012 - 17:31 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I am ringing in the New Year with "Good Things From Peru"!

No Fiscal Cliff down there...

 

http://tinyurl.com/bgv8vx2

Mon, 12/31/2012 - 19:20 | Link to Comment AlaricBalth
AlaricBalth's picture

Congratulations and Happy New Year DoChen.
This is for you: http://www.youtube.com/watch?v=c3lYdKmw7w4
One of your favorites and mine.

Long Bearings Bitchez....

Mon, 12/31/2012 - 19:22 | Link to Comment Jena
Jena's picture

Cheers, DCRB!

Mon, 12/31/2012 - 20:24 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

Chile, Peru close enough.

David Rockefeller confronted at Chilean Airport during vacations (ENG/SPA) https://www.youtube.com/watch?v=GFWzDFjBKUw
Mon, 12/31/2012 - 23:44 | Link to Comment Yen Cross
Yen Cross's picture

Cheers/ Be well.  South and Central America is beautiful.

Mon, 12/31/2012 - 17:43 | Link to Comment Freddie
Freddie's picture

7 hrs, 45 minutes for billionaires to drop dead

Come on Bloomberg, Murdoch, Munger, Buffett and David Rockefeller.

I got a cash money bet on this one. Come on papa needs a new pair of shoes!

Mon, 12/31/2012 - 19:54 | Link to Comment doggings
doggings's picture

Come on Bloomberg, Murdoch, Munger, Buffett and David Rockefeller.

I got a cash money bet on this one. Come on papa needs a new pair of shoes!

I think these options might expire out of the money old chap 

Mon, 12/31/2012 - 20:47 | Link to Comment Terminus C
Terminus C's picture

Wait...?  You think the inheritance tax is for these guys?

 

Silly muppet, it is for you.

Mon, 12/31/2012 - 20:42 | Link to Comment Calmyourself
Calmyourself's picture

LTER has been reborn as MWG, I see you have kept your homicidal urges towards those with more $ than you..  Is there a certain wealth level that should be raped for 55% or certain market participants?  How about farmers bequeathing land that ok with you MGW/LTER?

Mon, 12/31/2012 - 20:10 | Link to Comment q99x2
q99x2's picture

Long live Jim Jones.

Mon, 12/31/2012 - 20:35 | Link to Comment natty light
Tue, 01/01/2013 - 09:13 | Link to Comment SheepDog-One
SheepDog-One's picture

Ramp markets 3% on rapid fire headlines, then after close pull the rug out. Seriously, these people should be dragged out and hanged.

Mon, 12/31/2012 - 18:49 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

I've been cliff diving before. Run... jump... fly... feel the fucking adrenaline.. rush.... pull the chute and float down in peace...

This doesn't seem like as much fun.

Mon, 12/31/2012 - 23:50 | Link to Comment Larry Dallas
Larry Dallas's picture

Oh goodie. Can we call this a Depression now?

Mon, 12/31/2012 - 17:07 | Link to Comment maxmad
maxmad's picture

House republicans to caucus!!! Its over!!

Mon, 12/31/2012 - 17:58 | Link to Comment Renewable Life
Renewable Life's picture

What are these bullshitters on CNBC talking about, "we will go over the cliff for a short time"???  How the fuck do they think they will get a deal, with NO CONGRESS!  After midnight tonight, the old congress is over, and we wait until at least Jan 20th, until the new one is sworn in!

Am I missing something here? Is McDoggle and Boner planning on staying in power somehow after midnight or is the new Congress sworn in before the president on Jan 20th?

Mon, 12/31/2012 - 18:04 | Link to Comment maxmad
maxmad's picture

Exactly RL!!!  Nice catch!!!  CNBS must try and put a postive spin on all their BS!

Mon, 12/31/2012 - 18:49 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Where did you get the idea they lose their seat on dec 31st? So we have no government now for the next 3 weeks? I'm all for that, no Obama either until he's sworn in.

LOL

Mon, 12/31/2012 - 19:01 | Link to Comment boogerbently
boogerbently's picture

Obama is just hoping all his NEW taxes will get lost in the "cliff" confusion.

Mon, 12/31/2012 - 19:31 | Link to Comment James
James's picture

New Congress is sworn in Jan. 3rd.

Mon, 12/31/2012 - 21:33 | Link to Comment Renewable Life
Renewable Life's picture

Oh of course it is, because god forbid we didn't have a congress seated for even one fucking week!! How would we all survive, without our saviors and babysitters in place!!

Mon, 12/31/2012 - 22:01 | Link to Comment tenpanhandle
tenpanhandle's picture

I'll swear them in right now:  "God damned, mother f*cking, cock s*cking bitches and sons of bitches".  There; done.

Mon, 12/31/2012 - 17:19 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

TIME TO MAX HEADROOM YOUR BULLION PURCHASES, BITCHEZ ! 

 


IT ONLY COSTS FIVE DOLLARS TO DIG IT UP OUT OF THE GROUND !!!!

 

MANY THANKS TO MILLION DOLLAR BONEHEAD FOR THE ZERO HEDGE QUOTE OF THE YEAR.

HE IS STILL LONG ON FACEBOOK AND APPLE. 

Mon, 12/31/2012 - 20:58 | Link to Comment Terminus C
Terminus C's picture

that one actually came from Math Man...

MDB is just parroting troll garbage.

Mon, 12/31/2012 - 17:42 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

“It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace– but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!"

-- Patrick Henry

Mon, 12/31/2012 - 18:22 | Link to Comment Dugald
Dugald's picture

They also serve who only stand and wait......!!

Mon, 12/31/2012 - 21:59 | Link to Comment prains
prains's picture

Tyler

 

Now that we're finally over the cliff I would like to bequeath you my coconut bra, may you enjoy it

 

cheers

p

Mon, 12/31/2012 - 17:10 | Link to Comment goldfish1
goldfish1's picture
MY PRECIOUS-Gold up 6 pct in 2012; rallies late on US fiscal deal

http://www.reuters.com/article/2012/12/31/markets-precious-idUSL1E8NV40F...

fine print:

 

the president said. "There are still issues left to resolve, but we're hopeful that Congress can get it done, but it's not done."

 

Mon, 12/31/2012 - 17:12 | Link to Comment goldfish1
goldfish1's picture

More fine print: Happening Now: House of Representatives might not vote on fiscal cliff deal before midnight deadline: Republican aide

Mon, 12/31/2012 - 17:09 | Link to Comment davidsmith
davidsmith's picture

As I have said on several occasions over the past week, the Tea Party House Republicans have remained in their hedgehog defense, and therefore have prevailed.  This is the end of democracy in the United States.  What next?

 

I have read some commentators who say that going over the fiscal cliff will cause so many problems that it will concentrate minds and there will be a solution.  That is incorrect.  The moment the clock strikes midnight, the socio-economic problems resulting from going over the cliff will mount exponentially moment to moment, and this will make it impossible for legislation to move through the Congress.

 

Now Obama will have to start discussing the fallout from going over the cliff, preparatory to issuing a declaration of national emergency.  But he won't do that.  He is too weak.  Just as Hindenburg was too weak to install an authoritarian regime on his own.  Obama will try to form coalition after coalition in Congress and fail to do that. 

 

All hell has broken loose in the American political landscape, and it is difficult to see how it will end.  There is no leader so it is difficult to chart the moves of the oligarchs.  However, try to ferret out with whom Tea Party House Republican backers are meeting.  There is going to have to be some sort of shadow government or informal authoritarian governing counsel now.  Who are those people?  They will be instituting, officially or unofficially, draconian austerity under the guise of which looting will occur.

 

We should soon see some more underground left organizing going on.  You'll start to see some sabotage going on.

Mon, 12/31/2012 - 17:19 | Link to Comment Winston Churchill
Winston Churchill's picture

Missed your meds over the holiday ?

Going over the cliff is the small down payment on trying to fix this mess.

We are a decade late trying however,so is it better later than never, or bestial necro flaggelation ?

Mon, 12/31/2012 - 17:21 | Link to Comment davidsmith
davidsmith's picture

What mess?  You are mischaracterizing the facts.  Ha ha!  Try again--this time WITH your meds.

Mon, 12/31/2012 - 18:15 | Link to Comment Diamond Jim
Diamond Jim's picture

DS.....you need to understand that the spending spree cannot continue. So the "deal" was only made for taxing the rich, nothing else. It should be DOA in the House. You should be happy, Prez Owe gets what he wants...the gutting of America's defense. Now he can go to Putin and say...see what I have done for you, I now have room to negotiate....just like I promised on that "hot" mike. State Vodka for everyone !!!!

Mon, 12/31/2012 - 18:53 | Link to Comment perchprism
perchprism's picture

 

David Smith is a stupid cocksucking progressive commie.

Tue, 01/01/2013 - 10:02 | Link to Comment Acet
Acet's picture

American Defense!?

When was the last time the US was under real threat? Bay of Pigs?

When was the last time the US invaded a sovereign nation? Oh, yeah, Iraq - twice.

Most of the money that goes into the "Defense" budget is for anything but defense. Besides senators and congressman padding their own nests via contracts given to "defense contrator" companies they own (call it defense against lack of wealth) the only kind of defense out of that money is the tens of thousands of drone flights over US soil to defend the corrupt filth on the top against the American Citizens.

 

Mon, 12/31/2012 - 17:25 | Link to Comment pavman
pavman's picture

...the socio-economic problems resulting from going over the cliff will mount exponentially moment to moment, and this will make it impossible for legislation to move through the Congress.

 

Thank God!  I still haven't gotten a .50 cal before they make it illegal!

Mon, 12/31/2012 - 17:52 | Link to Comment Salon
Salon's picture

Cheytac if you can afford it.

Generally considered the best. However anything can work well with practice and determination.

The greatest sniper in the world was a Finn during world war 2 who used iron sites cuz it kept his head lower.

A friggin mossin nagant variant.

You can get one still for 100 bucks or a dragunov a little more expensive.

Ammo is 200 bucks for a sealed crate of 880 rounds.

Mon, 12/31/2012 - 19:44 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Yep. The beauty part was, he used a captured, reworked commie rifle to kill commies-- hundreds of them.

Those Finnish re-worked captured Mosin-Nagants are HIGHLY collectible. Lots of great history there.

Tue, 01/01/2013 - 08:10 | Link to Comment Socratic Dog
Socratic Dog's picture

If Hayha had been using a .50 cal, he wouldn't have NEEDED to keep his head lower. 

Mon, 12/31/2012 - 17:54 | Link to Comment squib
squib's picture

+1

-1

Mon, 12/31/2012 - 17:30 | Link to Comment JLee2027
JLee2027's picture

Whats to stop them making a deal in January? I see no impediment. Or are you saying some politicians may actually grow a pair if we do go over the cliff?

Mon, 12/31/2012 - 17:52 | Link to Comment rwe2late
rwe2late's picture

the deal appears to be to have no deal.

at least until a concocted "shock doctrine" crisis can facilitate an "emergency" rescue deal even more advantageous for TPTB.

(Actually of course, they are failing to agree now on the deal they agreed to then ... and are denying any ownership by calling that "no deal")

Mon, 12/31/2012 - 17:58 | Link to Comment mt paul
mt paul's picture

grow a pair of what..?

cliff hangers ...

Mon, 12/31/2012 - 17:30 | Link to Comment cxl9
cxl9's picture

I am not convinced you have the slightest idea what you're talking about. If your posts were amusing, I would assume they were satire.

Here is how things will go down. Government will continue to grow, and government spending will continue to increase. Fiscal cliffs, sequesters, spending cuts, meat axes, it's all nonsense. There is no mechanism by which government spending can be reduced, and therefore it will not be. Until the final collapse, of course, but that is 10-20 years away.

There will be a bit more legislative theatre, but the end result will be increased government spending and more money printing. The fiscal problems of the country are simply too big to fix - do the math folks! - and therefore no solution will even be attempted. The only game plan now is to kick the can for as long as possible while those in power and their friends continue to loot the treasury and the credit of the nation.

Mon, 12/31/2012 - 18:22 | Link to Comment klockwerks
klockwerks's picture

CX19, the one blaring thing that I would disagree on is your timing of "10-20 years away" One must understand the current leader and how he plans a  complete destruction of our country as we know it. He REALLY does believe that is what is "fair" for the world. Nothing personal with him but his desire is to correct all of the harm we the US has done. The perfect storm is not years away but weeks or a few months away. Most of what I have heard from the talking heads show that they really believe the lie and really do not undestand the leader and what he REALLY believes and has, and will continue to, carry out that plan. Be prepared for a huge  shock in the next 6 months as it should all come together by then. You really can't lose if you prepare and best of sucess to you and to all of the ZH family

Mon, 12/31/2012 - 19:50 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

"You really can't lose if you prepare..." um, that's super wishful thinking.

Better way to phrase it: you will lose EVERYTHING if you don't prepare. You will lose SOMETHING even if you do.

There will be a few winners, with names like Rothschild and Rockefeller, but the rest of us will be stuck with various degrees of losing.

Mon, 12/31/2012 - 22:06 | Link to Comment tenpanhandle
tenpanhandle's picture

methinks clockwerks was saying you can't lose on the preps.  After all, they are all hard assets.

Mon, 12/31/2012 - 23:44 | Link to Comment Sparkey
Sparkey's picture

Buckaroo Banzi, Has just bandied my favorite `Faith` inspired Meme, to whit; That the Super Rich will, somehow, pass through the chaos, and emerge stronger on the other side, This is a great leap of faith and a testament to the Authors implicit faith in the Unrivaled Power of Money, in the hands of those who have a lot of it, and know how to use it, to shape the World in the ways Money wishes it to be., Perhaps you are right, It may turnout the way you hope it will, yet I have my doubt's, I believe it is beyond anyones ability to describe the World as it will be after Chaos reigns Supreme! 

Mon, 12/31/2012 - 19:53 | Link to Comment Threethreethree
Threethreethree's picture

6 hours,

6 days,

Not six months,

Certainly not 6 years.

Let the crisis begin.

Obama always intended to go over the cliff,

And to hang the republicans in the process.

Mon, 12/31/2012 - 21:07 | Link to Comment itstippy
itstippy's picture

"Nothing personal with him but his desire is to correct all of the harm we the US has done."

Is that why he has no problem bombing the living shit out of brown people?

Obama is a polished and effective Chicago-style politician.  Nothing more.  He's not about to go all JFK on TPTB and get himself eliminated.  He's going to play the game he's good at playing.

Mon, 12/31/2012 - 17:48 | Link to Comment Renewable Life
Renewable Life's picture

Davey, pull back from the ledge yo, its not Red Dawn out there, its just some fucking politicians being politicians!  Trust me, you'll know when the shit is hitting the fan, and its NOT tomorrow!

Have a couple cold one's tonight, and enjoy the ladies being tipsey, the revolution will be her soon enough!!

Mon, 12/31/2012 - 17:50 | Link to Comment Freddie
Freddie's picture

However, try to ferret out with whom Tea Party House Republican backers are meeting.  There is going to have to be some sort of shadow government or informal authoritarian governing counsel now.  Who are those people

If they are "Tea Party" Republicans my guess is they are Americans who do not have sealed school records, sealed fake birth certficate, multiple social security numbers in CT, trips to Pakistan as CIA cut outs, patrons from Saudi Arabia, friends like Ayers and his wife who blew up the Pentagon and killed an innocent person. et al.

I hope the Tea Party Repubs tell the islamist to go F himself every day.

Tea Party?  It is just average working people who want to be left alone and who do not want to be taxed and regulated to death. Follow The Constitution. 

 

Mon, 12/31/2012 - 18:25 | Link to Comment klockwerks
klockwerks's picture

Thank you Freddie and very well stated. Happy New Year and blessings to you and yours

Mon, 12/31/2012 - 19:28 | Link to Comment Being Free
Being Free's picture

Yes Freddie indeed.  Can't let that go by with just a +1.  Too well put.

Somebody has to stand up to the fucker.  Might as well be now because otherwise it's only a matter of time before his thugs are breaking down our doors in the middle of the night.

Peace to you and yours.

Mon, 12/31/2012 - 20:03 | Link to Comment negative rates
negative rates's picture

Have you seen his thugs?

Mon, 12/31/2012 - 20:04 | Link to Comment Chump
Chump's picture

Not to detract from your rant, but is this Tea Party you're championing the same one that swore up and down they'd never vote to raise the debt ceiling (at least not without a balanced budget amendment in return) and then turned around and voted to raise the debt ceiling?  That Tea Party?  Fuck 'em.  They're full members of The Party, and they vote accordingly when it matters.

Tue, 01/01/2013 - 10:14 | Link to Comment Acet
Acet's picture

For fucks sake!

All that idiotic bullshit about how Obama is not really American and yada, yada, yada is what makes a section of the American Right look like a bunch of brainless nutcases.

 

Looks at the man's actions on record: pleanty of crap in there like signing the NDAA or the speed of increase of the deficit.

Getting side-tracked with conspiracy-theory bullshit is just a form of circle-jerk stupidity and won't convince anybody else outside your little circle of close-minded buddies.

 

Tue, 01/01/2013 - 20:08 | Link to Comment tenpanhandle
tenpanhandle's picture

doesn't mean it's not true.

Mon, 12/31/2012 - 17:56 | Link to Comment Everybodys All ...
Everybodys All American's picture

This is only at best a ten percent solution to our deficit problem. Hardly draconian. The apocalyptic view you have is a tad early don't you think. More valiant kick saves to come.

Mon, 12/31/2012 - 18:02 | Link to Comment dwdollar
dwdollar's picture

I up-voted you because I hope for a real civil war. It's increasing clear that both sides will need to meet on the battlefield to resolve their differences.

Mon, 12/31/2012 - 19:55 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

No sane person wants another civil war. But it's what we may wind up with.

Rest assured, the Chinese and /or the Russians won't just be watching from the sidelines. So take that into consideration as well.

Mon, 12/31/2012 - 18:04 | Link to Comment Theosebes Goodfellow
Theosebes Goodfellow's picture

~"Now Obama will have to start discussing..."~

My dear Mr. Smith, where have you been this last four years? Barack Hussein Obama has no intent now, and has had no intent in the past to create a solution for what is now upon us. In fact, it is all part of the overall strategy. You need to understand who exactly Barry Soetoro is, what he stands for and what his plan is. He is a dyed-in-the-wool Marxist, a follower of Sal Alinsky, (courtesy of Frank Marshall Davis), and an absolute adherent to the Cloward-Piven strategy for governmental "change", i.e., the collapse of the government from within.

Obama isn't going to be discussing... shit. Quite frankly he just doesn't care what happens economically. He accepts that to make a "new world", a few eggs, (American values like the Constitution and the Rule of Law), have to be 'broken'. So he's going to try to hang this "voting present", (something he's famous for), around the necks of fiscal conservatives like an albatross. Where pray tell, Mr. Smith, is the president's budget? Or the one for 2011? 2010? 2009?

The sooner Americans wrap their disbelieving brains around the fact that this man is evil and has evil and destruction in mind for this nation, the sooner we will be able to turn America around. The sad part is that to date NO ONE wants to believe their own lying eyes. Not yet anyway. Wake up, Mr. Smith. Something evil this way comes.

Mon, 12/31/2012 - 18:29 | Link to Comment klockwerks
klockwerks's picture

Thank you Goodfellow, you hit it right on the head and are 100% correct. We have been seeing the evil and feeling it. Keep the faith and gird your loins for battle

Mon, 12/31/2012 - 19:11 | Link to Comment EINSILVERGUY
EINSILVERGUY's picture

Spot on

 

Mon, 12/31/2012 - 19:58 | Link to Comment Threethreethree
Threethreethree's picture

Correct Mr. Goodfellow, Correct.

333

Tue, 01/01/2013 - 00:56 | Link to Comment Freddie
Freddie's picture

+1 million

The public has no clue.  Most conservatives and libertarians have no clue.  Elections are over.  They will hold the pretend ones.  Any hope of any real election will be stolen. A few red states will get a few seats but that is it.  Come to Wash DC and the first day you get sworn in you probably get your death threat.

Freedoms, rule of law, due process, any protections are over.  Yet the sheep keep watching Tv, ball games and supporting the facists corporations backing these people.  Conservatives think Fox or anything on Tv is not totally against them and totally wants to disarm them.

The morons says - he is stupidm, why is he doing this, how stupidm, incompentent dolt.  It is all about destroying, endless crisis, false flags, mass murder of innocents and the list goes on.  Now Hillary's fake illness to cover up Bengazi.  Oh and any opposition by the members of GOP probably have to worry about their lives or their families.   You are correct it is all pure evil. The idiots just keep watching Tv and Hollywood and supporting it like sheep to slaughter.

Mon, 12/31/2012 - 18:22 | Link to Comment NotApplicable
NotApplicable's picture

Wow, they've got you hook, line AND sinker!

If this shit was any more premeditated, you'd see the "leaders" handing out the statements they will be making next week.

I cannot imagine how anyone can still be so gullible these days, but then I realize that most every one is on half a dozen psychotropic drugs, so reality is merely the most plausible belief system.

Mon, 12/31/2012 - 18:54 | Link to Comment mvsjcl
mvsjcl's picture

Well, I wasn't going to reference this item (h/t to previous ZH poster), but in light of the no deal situtation, I thought it was an interesting read:

http://www.canadafreepress.com/index.php/article/52005

Mon, 12/31/2012 - 20:08 | Link to Comment mvsjcl
mvsjcl's picture

Now, now. I wasn't vouching for its veracity. Merely opining that it was an interesting read. Burrows and Bellow are interesting, too. Sartre, well, not so much.

Mon, 12/31/2012 - 20:20 | Link to Comment ISEEIT
ISEEIT's picture

No need for the "underground left" you fucking dolt.

They are running the country now.

Mon, 12/31/2012 - 20:21 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

 Obama will try to form coalition after coalition in Congress and fail to do that. 

    He could have done that at any time. He has never not once attempted to bridge differences. He is the same ideological progressive that he has always been. This rests in his hands and it will end in his hands.

Mon, 12/31/2012 - 20:46 | Link to Comment kayl
kayl's picture

@davidsmith

It's called COG. The capital is Denver, CO. Ten FEMA regions with 10 governors already appointed with police powers. MJTF combat troops trained for Urban warfare, American/Foreign UN-controlled military on US soil. Same people trying to push through the Constitutional Convention. From BIS working papers, they appear to be patting themselves on the back for irradication of national sovereign states. It's going to take another few years in the US to ban guns and the second amendment though.

They have been advertising for a long time now.

 

 

Mon, 12/31/2012 - 17:14 | Link to Comment mobtown
mobtown's picture

I live in the same town as Artie Donovan. Because of this, all bars in the area are required to carry Schlitz in stock at all times. Several times, while sitting at a bar, I heard the person standing behind me order a Schlitz. It was of course Artie every time.

Mon, 12/31/2012 - 17:33 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

"Schlitz" sounds funnier if you say it schlitz-faced.

Mon, 12/31/2012 - 18:06 | Link to Comment azzhatter
azzhatter's picture

we just drop the "L"

Mon, 12/31/2012 - 19:09 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

Bear Whiz Beer...."It's the water!"

Mon, 12/31/2012 - 19:57 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Everything you know is wrong!

Mon, 12/31/2012 - 17:20 | Link to Comment ball-and-chain
ball-and-chain's picture

We're over the cliff.

But nobody cares.

The makets are going through the roof.

There must be some type of backroom deal.

Everything is a secret.

No transparency.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles.html

Mon, 12/31/2012 - 20:06 | Link to Comment negative rates
negative rates's picture

No, wait till wed mornin.

Mon, 12/31/2012 - 17:23 | Link to Comment HomeBrewPrepper
HomeBrewPrepper's picture

Home brew beer and wine for me and my guests. Which unfortunately include two mother-in-laws.

Mon, 12/31/2012 - 18:10 | Link to Comment knowless
knowless's picture

http://www.youtube.com/watch?v=Wp3x6l5dZp8

build it and they will come.

http://www.youtube.com/watch?v=RSUGp9Yz1sk lol

don't pretend like this shit is over.

 

sadly, reality still isn't here yet.

Mon, 12/31/2012 - 18:31 | Link to Comment Obchelli
Obchelli's picture

And futures are up 250 right now amazing with nothing being resolved yet... Is hope realy so much stronger then reality?

Mon, 12/31/2012 - 18:58 | Link to Comment Snakeeyes
Snakeeyes's picture

Don't worry, they will nullify most if in the new Congress.

Meanwhile....

http://confoundedinterest.wordpress.com/2012/12/31/lets-make-a-deal-rais...

Mon, 12/31/2012 - 20:26 | Link to Comment Ookspay
Ookspay's picture

Sweet! Gut the military, close foreign bases, stop the wars! Gut entitlements, ween the masses, pay as you play! Ron Paul lite, tastes great less filling!

Tue, 01/01/2013 - 00:26 | Link to Comment jballz
jballz's picture

 

Just want you to know I am the one down arrow. 

Stand up to what? Pissing on everyone except the bankers?

Here's your giant interest payment oh annointed ones with the printing press. The rest of us will just be over here eating shit and finger pointing at each other.

Diseased nation this is. Can hardly wait for the world war to save us all.

 

suckers.

Tue, 01/01/2013 - 00:34 | Link to Comment Imminent Collapse
Imminent Collapse's picture

Goodbye Zerohedge for 2013. It's been great, but one of my New Year's resolutions is to be happier and less pissed off. So, obviously I can't continue to read about all the BS that continues to go on day after day. I love ZH and will miss it but I am as prepared as I can be and so I am going to go into a stage of blissful ignorance. Have a great 2013, bitchez!!

Tue, 01/01/2013 - 04:32 | Link to Comment aphlaque_duck
aphlaque_duck's picture

I'm with you! I have been physically sick ever since I started to notice the collapse. 

It started in 2007 when I would walk the deserted office campuses around Mountain View on my Lunch break. Excruciating pains in my joints... and I'm a young man. Got surgeries.

Then skin infections... repeated staph infections, hives, even a couple STDs!

Then I found 0H and started learning about Austrian economics, peak oil, banking, Atlas Shrugged. Since then I've had cold/flu symptoms almost continuously.

Now I understand the world and I have done everything I can to prepare. There's no point watching this train wreck every day now, it's killing me. 

Tue, 01/01/2013 - 08:22 | Link to Comment Tom_333
Tom_333's picture

From Dimitry Orlov and his teachings on collapse economy

  • Don´t stoke the fires of progress and prosperity.Pull your money out of the markets.Put your funds in durable valuables.
  • Don´t strive for economic achievement.Optimize for maximum free time,independence and mimimize responsibility.Don´t work too hard or too many hours.
  • Don´t participate in economy more than you absolutely need.Buy as little as you can.Re-use.

And Solzhenitsyn on politicians and political systems:

  • Don´t believe them
  • Don´t fear them
  • Don´t ask anything of them.

Profound thoughts...indeed

And here we are - the advices given to us from those that took on the Soviet Empire...and won - have a deep meaning.Completely ignore the politicians.Only this will make their toxic influence go away.Don´t even ridicule them - tempting as it is.And yes I am a culprit on that point too.It only directs psychic energy towards them which they feed off,both good and bad.Completely ignore them and they will loose strength and power to live.

Either just go away - pull a Galt - or accept that you are feeding the corporativistic-central bankster-political oligopoly.And you will in the long run come out of that as a loser.

This "fiscal cliff" circus is just a means to an end for the cartel.All these endless statements,proposed legislations and executive orders are just a way of letting Washington feed off you.

Do NOT follow this link or you will be banned from the site!