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Guest Post: Is American Justice Dead?

Tyler Durden's picture


Submitted by David Galland, via Casey Research,

Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy.

And by "stronger" laws, I mean laws that are impervious to tampering for personal or political gains. The connection between a sound judiciary and economic health is readily comprehensible, except maybe to a politician... businesses and individuals are far more likely to invest capital in a country with understandable laws that are impartially and universally enforced than if the opposite condition exists.

That's because the lack of a consistent body of law breeds uncertainty and adds a huge element of risk for entrepreneurs. That is the case here in Argentina, where hardly a week goes by without La Presidenta and her meddlesome comrades cooking up some new hurdle for businesses to overcome.

Which brings me back to the matter at hand – American justice on a slippery slope.

Few recent cases make the contention clearer than the announcement last week by the US Justice Department that it had settled its case against HSBC for acting as the bag men for Colombian and Mexican drug cartels. The fine, $1.9 billion, amounts to about five weeks of revenue for the bank.

And that was pretty much it.

Matt Taibbi of Rolling Stone magazine, who can run hot or cold when it comes to reporting, in my opinion, nails his column on the verdict, which you can read here.

The basic setup is that for years, at the highest levels of HSBC, the bank worked hand in glove with the drug cartels to launder their money. So smooth was their relationship that the drug gangs used special cardboard boxes for them to fill with cash – boxes that were designed to fit easily through the teller windows of the HSBC branches in Mexico.

Now, don't get me wrong – I am 100% against the so-called "War on Drugs." That there are hundreds of thousands of Americans in prison for the "crime" of voluntarily ingesting recreational drugs, or providing said drugs in a rare free-market transaction (there's a willing buyer and a willing seller and no regulations – at least none that anyone pays any attention to), is an abomination.

And so it is that the US has the highest prison population in the world, and by a wide margin: on a per-capita basis, it is 33% higher than the closest contender, Russia.

If you take into account everyone under "correctional supervision," 3.1% of the US population is either in jail or on probation (for blacks, it's a stunning 9.2%). According to Human Rights Watch, since 1980 the number of people in US jails for drug charges has increased twelvefold.

Yet, the money men for the murderous cartels that supply the stuff – the sort of fat-cat villains that serve as the centerpiece of every James Bond movie – get off with a hand slap.

How is this possible? The answer is that, just like the much-maligned "banana republic," the judicial system in the Anglo-Saxon world has been bifurcated into two systems – one for the politically favored and the other for the rest of us.

In the case of HSBC, the rationale for management being spared even a criminal trial, let alone years behind bars, is that the bank is too big to fail. And that should anyone within the bank be collared for their colossal crimes, it could provide the trigger for the widespread collapse of the global financial system.

To which an Anglo-Saxon from the UK might retort, "Bollocks!" This is rather a case of the politically connected and their equally politically connected, high-priced law firms twisting the judicial system to their purposes.

Another recent case is that of the LIBOR fixing scandal.

As you know, in this case a group of banks clearly conspired to rig the rates on the interest-rate index used to underpin over $300 trillion in loans. As the scandal was revealed, it was also revealed that top tax dodger and now US Treasury Secretary Tim "Timmy" Geithner was aware of the rigging as far back as at least 2007 when operating the Federal Reserve Bank of New York.

Yet Geithner's elevated position in the Obama administration meant that this inconvenient revelation quietly faded into nothingness. As did the clear implication that if Geithner knew about it, so did untold scores of others at the Fed and other institutions at the time.

Meanwhile, back in the present, instead of rounding up the heads of these institutions, it was announced this week that a handful of floor traders – the ever useful minions – have been fingered to take the fall. For the sake of the public show, I suspect the fall will be pretty hard.

Hell, the last time I checked, even Jon Corzine, who as a former senator and governor of New Jersey is the über-insider, is still a free man despite being the lead actor in the bankruptcy of MF Global and the subsequent looting of billions in customer funds. No one, except maybe Corzine himself, thinks that he isn't criminally complicit, yet, at this writing, there isn't even a hint he'll be prosecuted.

As David Webb has so thoroughly documented, a spate of cases over the last decade has set a clear precedent that financial institutions – at least those of a size to count with the political class – are pretty much free to lie, cheat, misrepresent, and even use their clients' funds to trade for their own book.

And if things go wrong, they can pass the losses on to the clients, or in the case of Corzine simply shrug his Savile Row-clad shoulders, and feign ignorance about where said funds went.

It Goes On… and On…

And the conniving and criminality doesn't stop at the judiciary but has infested pretty much every corner of the government.

A personal recent favorite was Hillary Clinton's oh-so-convenient bout of fainting that kept her from testifying about the truly bizarre attack on the Benghazi consulate, thereby skipping the direct damage to her career that would have resulted from having to answer the unanswerable in front of television cameras.

Then there's the sweetheart deal embedded in the soon-to-be-updated federal regulations related to mortgages. Given all the abuses leading up to the housing crash, John Q. might posit that there will be strong teeth in these new regulations. Sure, there's a couple – but lookie what else is in the new regs; this from the New York Times

As regulators complete new mortgage rules, banks are about to get a significant advantage: protection against homeowner lawsuits.

The rules are meant to help bolster the housing market. By shielding banks from potential litigation, policy makers contend that the industry will have a powerful incentive to make higher-quality home loans.

But some banking and housing specialists worry that borrowers are losing a critical safeguard. Industries rarely get broad protection from consumer lawsuits, and banks would seem unlikely candidates given the range of abuses revealed during the housing bust.


Skipping across the pond, we have the truly incredible case of Julian Assange, who is now a prisoner, surrounded by upwards of 100 police officers, in the Ecuadorian embassy in London where he's been seeking asylum.

At one point, a senior British official suggested they were seriously considering throwing hundreds of years of diplomatic precedent out of the window by storming the embassy to get their man.

Yet his purported crime, having consensual sex with two different women without a condom (in one case, he had one, but it apparently broke) would, at most, be treated as a minor offense in pretty much any court, in pretty much every country in the world. Unless, of course, he knew he had AIDS and was deliberately trying to transmit it, which he wasn't.

Do your own research, and maybe you'll draw a different conclusion – here's one fairly thorough story on the charges against Assange – but that the UK government is willing to spend untold sums of money it can't afford keeping him penned up in the Ecuadorian embassy smacks of collusion and corruption.

What's really going on, of course, is that Assange's WikiLeaks organization embarrassed the power elite by doing what the media no longer does – getting to the truth, in this case releasing a stash of embarrassing diplomatic cables.

While Assange is fighting the good fight, it's a fight against entrenched political interests, and so it's a losing battle. Aided by the corrupt judiciary or, failing that, the malleable military, it's just a matter of time before he ends up in a cell next to Bradley Manning whose tortured corpus is now on trial for giving up state secrets that were really not all that secret.

In economic policy, too, the evidence of two different systems is glaring. Look no further than the Fed's recent decision to light the afterburners on over a trillion in new money creation each year.

Whom does such a policy help? The politicians, of course, by allowing them to claim they "fixed" the economy that they broke in the first place… when all they are really doing is replacing the capital formation and spending of a healthy private sector with the polluted effluence of government disbursements.

Whom does such a policy hurt? The population at large, by eroding the value of everything they own and eviscerating their ability to earn money on their money through a free market in interest rates… all the while fostering yet more malinvestment in the Potemkin villages of an uneconomic solar industry, electric cars, high-speed trains, etc.

Make no mistake, the Fed and the government are keenly aware of the damaging consequences of their actions – but, out of self-interest, take those actions nonetheless.

The enviro-socialists that have bought their way into the corridors of power provide another array of examples, using laughably bad science and arbitrary rulings to disadvantage key sectors of the economy such as energy and mining.

What's It Mean to You and Me?

There is little question that the vast majority of the public is ignorant or apathetic, or both, to the pervasive corruption of the political classes and their financiers.

But even if they were paying attention and outraged, the fact of the matter is that things have degraded to the point where there is next to nothing John Q. can do about it. Sure, you can write your Congressman; just be sure to be extra polite, or your letter will end up in the hands of zee Homeland Security.

Ditto if you write angry emails and send them to all your friends. Just don't make the mistake of thinking there is still such a thing as privacy or the right of free speech in the Anglosphere.

And heavens forbid you try to organize a physical protest. Next thing you know, you'll end up wearing a pair of these bad boys coming to your friendly police officer's belt soon.

(Not only do these next-gen cuffs restrain you, but they allow the arresting officer to remotely deliver electric shocks and, if that doesn't do the trick, even inject drugs into you.)

Of course, if your company or industry wants to fight it out in the courts, you have to be ready and able to spend millions in legal fees fighting a government with unlimited funds (provided, of course, by your taxes and money borrowed from the Chinese or ginned up by the Fed).

What I'm trying to say is that, regardless of what the popular corruption indexes show – and those are typically based on fairly suspect surveys on matters such as transparency in corporate reporting or whether bribes are required to do business – when you take into account the systematic skewing of the judicial and electoral systems to favor the entrenched politicos and their friends in high places, the level of corruption in the Anglosphere would make an African despot blush.

It's not an accident that the Republicans and the Democrats, two sides of the same coin despite all the rhetoric, are never remotely at risk of losing their collective grip on power – the system has been carefully and thoroughly rigged to prevent that from happening.

Logically, if there is virtually nothing the public at large can do about the rigged game they are forced to live with, then it comes down to decisions we make as individuals.

Some general approaches for your consideration.

  1. Suck it up. The Stoic approach is to recognize there are certain things you can't do anything about, so put the hypocrisy and self-dealing of officialdom and their enablers out of mind and live your life the best you know how.
  1. Profit from it. While it may seem counterintuitive, the more challenging the environment for business creation, the more money an especially hard-charging entrepreneur can make. This is why Asian shop owners open up in ghettos and why the margins for "war profiteers" are so high – because they literally have to risk life and limb to collect them.

    A successful acquaintance recently told me that, as the head of the Argentine branch of a major international electronics brand, his division was regularly able to pull down margins in excess of 40% while his counterparts in less volatile political environments were happy with less than 10%.

    It just takes an extra measure of patience and fortitude to overcome the challenges that scare less determined individuals away.

  1. Move West… or South, but probably not North. A combination of #1 and 2 above, the brave minority might want to consider taking the show on the road.
  1. If you can't beat them, join them. As Doug Casey has often pointed out, the effect of Pareto's Law operating over time on the large democracies has resulted in the worst sort of people controlling the levers of government at the federal, state and local level. If you happen to be a sociopath with control issues, then you might want to hop on the gravy train and worm your way into government, or into one of the many parasitic enterprises sucking the life from the body politic.
  1. Go outlaw. Yesterday, a flash mob gathered in the southern Argentine city of Bariloche for the sole purpose of looting a large store of electronics, food and booze, and sundry other items that will make the Christmas holidays all the more festive.

    When I heard of the incident, I mentioned to my wife that this could very well be the proverbial first shot in the breakdown of civil society in cities around the world. And sure enough, as I was writing, the news broke that spontaneous mobs have formed in a number of cities around Argentina for the sole purpose of looting stores.

    This is precisely the sort of thing one can expect in an economy laid low by political corruption, malfeasance and self-serving meddling. When people lose hope, and lose faith that the judicial system will protect them from the entrenched interests, then it is well within the range of some of those people to just say screw it and go outlaw.

I could be wrong, but I think what happened in Bariloche yesterday has the potential to be just as seminal as the self-immolation in Tunisia that set off the Arab Spring.

The implications of mobs deciding to come together to just take what they want are potentially huge. In the Anglo-Saxon world, it could provide exactly the excuse needed to bring down the stainless-steel curtain built with hundreds of billions of homeland security expenditures over the past decade.

In fact, while I am probably overstating it, the action of the mob in Bariloche yesterday could be the missing link between Neil Howe's Third and Fourth Turning, ushering in the next and most troubled era.

It's ironic that it's happening in here in my new retreat in Argentina, but it's of no personal import because our new hometown of Cafayate is rural, small and very successful, and the sort of place where everyone knows everyone else. And, besides, there are no large supermarkets to raid.

In addition, despite the dark era of military rule (or perhaps because of it), Argentina is not a violent culture, and the big cities are few and far between. The same can't be said of places like Chicago and Detroit, where flash mobs have been increasingly cropping up with the primary intention of committing violence.

How fast and how far things will spread from here is only a matter of conjecture, but the range of possibilities is wide.

Regardless of whether the rule of law continues to be diminished through the acts of corrupt politicians or a mob – or through the militarized arm of the politicos trying to control the mob – I fear the knock-on consequences on the economy and on society at large.

I really don't want to be a Chicken Little, but taking some basic precautions to protect yourself and your assets is only commonsense at this juncture.


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Wed, 01/09/2013 - 23:09 | Link to Comment secret_sam
secret_sam's picture

There's no such thing as "justice."  There's only law enforcement, which itself is tyranny.

Wed, 01/09/2013 - 23:13 | Link to Comment qqqqtrader
qqqqtrader's picture

<--- AGREE


Lets get some justice!

Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales.

Thu, 01/10/2013 - 00:33 | Link to Comment Richard Chesler
Richard Chesler's picture

Just-us not Just-ice.

Thu, 01/10/2013 - 00:58 | Link to Comment Sockeye
Sockeye's picture

The verb 'to privilege' means basically 'to give, award, recognize or allow [someone or something such as a document] a privilege, or special status', usually in a legal or formal sense. The participial adjective privileged means 'having privilege', very often in the sense of having the advantages enjoyed by great status, wealth etc.

Thu, 01/10/2013 - 06:22 | Link to Comment Supernova Born
Supernova Born's picture

Since when did politicians in black dresses dispense justice?

A centuries old sheepskin won't do a thing to protect you from a corrupt Chicago gangster and his FSA mob.

Join the NRA. They are here and now.

The Founders are mouldering in their graves. They would wish us luck if they could.

Thu, 01/10/2013 - 06:54 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

TBTJ - "Too Big is to Jail"

Thu, 01/10/2013 - 08:14 | Link to Comment markmotive
markmotive's picture

TMKF - Too Many Kids to Fail

Welfare mom with 15 kids wants you pay for her mistakes.

Thu, 01/10/2013 - 08:27 | Link to Comment GetZeeGold
GetZeeGold's picture



Meet the new sheriff - JON CORZINE aka Mr. Untouchable

Thu, 01/10/2013 - 10:38 | Link to Comment trav777
trav777's picture

gonna be some shooting sooner or later

Thu, 01/10/2013 - 11:02 | Link to Comment SamAdams
SamAdams's picture

They are counting on that and is the reason for project "endgame". Its a real govt document you can obtain online.

There will be no justice at the late stage of the republic. The Masons take an oath to protect other masons from prosecution of all crimes less treason and murder. And at the highest levels, there are no exceptions. You see, they brainwash the public to be fair and not lie, steal; then do exactly the opposite to take advantage of the public. They have been doing this since before the colonies were said to be 13. Now that the empires wealth extraction process is broken, these psychopaths are becoming worried and desperate, committing increasingly bold and blatant crimes.

Thu, 01/10/2013 - 11:30 | Link to Comment pods
pods's picture

Yep, the Masons.  Definitely the Masons.

Do they have a big presence in the City of London?


Thu, 01/10/2013 - 05:41 | Link to Comment Hobie
Hobie's picture

Whiskey and just-ice. What a beautiful combination.

Thu, 01/10/2013 - 04:59 | Link to Comment Anasteus
Anasteus's picture

Very good petition!

Thu, 01/10/2013 - 09:00 | Link to Comment negative rates
negative rates's picture

It's already been done, and when the guy complained, he got arrested for raping a hotel maid here in the USA.

Wed, 01/09/2013 - 23:38 | Link to Comment yrbmegr
yrbmegr's picture

You are sort of right, but of course the truth is more complex. We can try to be just, but human justice is imperfect. Our "justice" system is really a law enforcement system, as you state, especially because laws are not per se just, and our system gives rise to laws that are less just than they could be.  In ignoring the justice of our laws, we violate the spirit of our constitution, the #2 objective of which is to "establish justice".

Thu, 01/10/2013 - 00:58 | Link to Comment Anusocracy
Anusocracy's picture

Jury nullification would reduce the effect of unjust laws.

Thu, 01/10/2013 - 11:09 | Link to Comment LongPAU
LongPAU's picture

True, but only in the case of jury trials.

Most people who go to PMITA prison succumb to plea bargaining.

Thu, 01/10/2013 - 11:34 | Link to Comment pods
pods's picture

And even during a jury trial a defense attorney cannot challenge the law in question or inform the jury that they have the ultimate power in deciding law.

(this link is actually NH codifying that a defense attorney CAN inform a jury about it)


Wed, 01/09/2013 - 23:58 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Peru is a country with many problems, but it DOES seem to have shaken-off the lefvty nonsense you see in Argentina.  I am reasonably familiar with Peru, having our business there over 20 years.

YES, their .gov is large and grasping (and at various levels), and there are the inevitable aggravations of dealing with local authorities and bureaucrats.  There is not much justice there either, teh way you get around that is to AVOID problems, and the ones you cannot (counterfeiting of Korean bearings for example), you just deal with it, as many of those problems are transient.

But, our company THERE is free from a lot of crap I see small businesses suffering through here.  You really CANNOT avoid some problems here, some of them are very damaging (lawsuits for starters).

Forget about borrowing money in Peru however.  The good thing about that is that it is almost impossible to go bankrupt if you do not owe any money...

Thu, 01/10/2013 - 00:03 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

We need Defense Rifles like AR-15s to defend ourselves against the recent 1.8 billion hollow point bullet purchase made by the Federal Government through the TSA for the DHS.

Thu, 01/10/2013 - 00:21 | Link to Comment Freddie
Freddie's picture

If it comes down to it - .308 and .223 are preferable to .40.  Reach out and touch someone.  Looks like they are getting around to assasinating AR15 gun buildings and youtube gun video makers.

Hope and Change.  Oh yeah red team - blue team but the lefty teams seems to be a lot worse now.

Thu, 01/10/2013 - 00:49 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I have NO PROBLEM AT ALL with Defense Rifles, I have an AK (7.62 x 39) myself.  Expecting more magazines for it by UPS any day now, and buying ammo every chance I get.

Nice recent video and commentary by a tough gal on our side:

Thu, 01/10/2013 - 01:12 | Link to Comment otto skorzeny
otto skorzeny's picture

I am having some issues with sites like Cheaper Than Dirt billing me for stuff like high cap mags(LMAO) I have ordered after saying they have the things in stock and then not coming through with the product. forget about getting 7.62 ammo right now. i like ann but her muslim bashing can be a little much.

Thu, 01/10/2013 - 01:37 | Link to Comment salvadordaly
salvadordaly's picture

Reload your own. It is really simple, and a lot cheaper, and more reliable.

Thu, 01/10/2013 - 11:56 | Link to Comment zuuma
zuuma's picture

"Reload your own"

Indeed. Except, of course, that all components - particularly primers - are now made of unobtainium.

Plus the cost has gone way up even if you could get the components.

Brass & lead are expensive, now. Not much cheaper to reload, especially vs. steel cased factory commie rounds.


Many other dudes and dudesses who noticed that ammo shelves were bare, bought out all the cases, powder & primers.

Hell. You can't even get DIES in common calibers.

Fortunately, I paniced very early, to avoid the rush.

Thu, 01/10/2013 - 09:12 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Her "Muslim bashing" is extremely well researched and reality-based. The more you look at the Muslim "religion" (it's really more of a political system than a religion), the more awful and horrifying it appears.

Thu, 01/10/2013 - 10:41 | Link to Comment trav777
trav777's picture

most of it is indistinguishable from the talmud; that's because mo stole that religion to put his own stamp on it

Thu, 01/10/2013 - 12:35 | Link to Comment donsluck
donsluck's picture

Or the Christians, who definetly hold the prize after incinerating many thousands in Japan (Bhuddist), Iraq (moslim), Afghanistan (moslim), and the rest. I will stick out my neck and, off the cuff, declare that Christians are the most deadly religion.

BTW, how do you "steal" a religion?

Thu, 01/10/2013 - 12:51 | Link to Comment DaveyJones
DaveyJones's picture

the pocket bible

Thu, 01/10/2013 - 01:10 | Link to Comment ACP
ACP's picture

And don't forget this - sorry for the repost, I posted this yesterday also - but it's pretty important (and fitting) seeing how we're just about to enter a new dark age.

Useful skillz, bitchez:

Thu, 01/10/2013 - 08:09 | Link to Comment LongSoupLine
LongSoupLine's picture

I miss all my inventory and silver after my unfortunate boating accident.

Thu, 01/10/2013 - 11:20 | Link to Comment DMac
DMac's picture

Barnhardt is a hardcore Zionist.  Anyone that claims to follow Christ, yet believes in Jewish supremacism, is not worth your time.



Thu, 01/10/2013 - 01:11 | Link to Comment otto skorzeny
otto skorzeny's picture

there has been some weird stuff going on with those guys from FPSRussia going on.

Thu, 01/10/2013 - 01:22 | Link to Comment A Lunatic
A Lunatic's picture

Yeah, stuff like being dead............

Thu, 01/10/2013 - 06:29 | Link to Comment Seer
Seer's picture

"Oh yeah red team - blue team but the lefty teams seems to be a lot worse now."

Good to see an acknowledgement that it's a tango..

BTW - Would the "other" team be a "righty team?"

Thu, 01/10/2013 - 23:35 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

remember, the constitution guarantees us a right to Weapons of Offence...aka Arms.

i want a 155 mm howitzer and patriot missle battery.

Thu, 01/10/2013 - 00:06 | Link to Comment ACP
ACP's picture

Unlike here in the US, where the govt routinely designs laws specifically to put their enemies in the poorhouse...

Thu, 01/10/2013 - 01:02 | Link to Comment Anusocracy
Anusocracy's picture

If you don't run the system, don't expect to benefit from it.

Something the workers in the Western nations will have to relearn.

Thu, 01/10/2013 - 16:56 | Link to Comment rayduh4life
rayduh4life's picture

The trick is to write the rules in such a way as they don't apply to you.

Thu, 01/10/2013 - 00:34 | Link to Comment ball-and-chain
ball-and-chain's picture

You've got guys who are too big to go to jail.

No shit.

The governmet is so worried about the health of the economy that financial crime no longer exists--if you're a member of the club.

It' mind-boggling.

Thu, 01/10/2013 - 10:44 | Link to Comment trav777
trav777's picture

yes.  The system is a house of cards and so they're having to bend the rules.  And the little people are agreeing with it.  They only objected to TARP because it was G Busch.  When bama runs $2T deficits, it's ok, because he's "saving the economy."  And vice versa.

The little people are too stupid to understand any of the issues...they only know that the happy happy days aren't here now and they would go along with anything that someone promises will bring them back.

Thu, 01/10/2013 - 12:37 | Link to Comment donsluck
donsluck's picture

Trav, I am little and I'm not stupid. May I speak for the 99% little guys and say fuck you.

Thu, 01/10/2013 - 00:49 | Link to Comment SilverRhino
SilverRhino's picture

<-- "He's dead Jim" (Redshirt Ensign American Justice)
<-- Alive, well and ressurrected like Spock

Thu, 01/10/2013 - 01:28 | Link to Comment secret_sam
secret_sam's picture

Interpretations of the word differ.  That's why efforts to formalize the concept are completely doomed to failure.

Thu, 01/10/2013 - 01:45 | Link to Comment Dr. Sandi
Dr. Sandi's picture

We're not talking about justice. We are talking about rule of law. Contract law, specifically.

Without enforceable contract law, there is no property right.

Without property right, there is little reason to bust one's ass.

Without a lot of people busting their asses, their is no civilization.

Thu, 01/10/2013 - 08:44 | Link to Comment shovelhead
shovelhead's picture

Important distinction.

Good law favors justice but justice is a relative term.

Thu, 01/10/2013 - 09:32 | Link to Comment sessinpo
sessinpo's picture

You made an irrelevant reply. Here is why

You said:" Important distinction. Good law favors justice but justice is a relative term."


That was in response to: We're not talking about justice. We are talking about rule of law. Contract law, specifically."


Your post lacks critical thinking and logic. Thumbs up for Dr. Sandi and thumbs down for shovelhead.

Thu, 01/10/2013 - 12:30 | Link to Comment DaveyJones
DaveyJones's picture

Well said but it isn't just contract law that has collapsed. Tort law and criminal law has as well. So has freedom of information and public access. All fundamental to democracy and capitalism. The government can kidnap you, torture you, realize you're the wrong guy, and then drop you back in another country. WHen you try to sue, the Supreme Court will (and has) dismissed the action because it might reveal vital "state secrets" in the war on terror. Even basic constitutional three branch structures are falling apart as the executive branch rises in the unitary theory and keeps the legislative out of war and killing decisions and the legislative creates super committees to make private decisions the rest of them should be doing in public debate.

Legal collapse is the symptom. Corruption and democratic collapse is the disease.  

Thu, 01/10/2013 - 12:03 | Link to Comment MachoMan
MachoMan's picture

Kind of.  The rule of law also has checks and balances...  In other words, there are necessary safeguards for overzealous enforcement, e.g. prosecutorial discretion.  This isn't the proper medium to debate the merits, but I think it's obvious that this is a necessary hallmark of our legal system.

The problem?  Well, in the case of global settlements with the government for criminal or civil liability, the discretion of prosecuting individuals can be used the other way...  not to act as a check and balance against overzealous members of the executive branch, but instead to placate political desires of entrenched power when the executive branch does nothing but sit on its hands.  

In short, I'm not sure that the rule of law is completely perverted so much as prosecutorial discretion (and/or inept/corrupt executive branch enforcers).  In other words, if the cases were ever before the court, I think they're likely to reach the correct conclusion, e.g. the sea change of foreclosure defense.  I think you'll see this play out with private civil suits following settlements with the government.

Further, the courts are also bound by bad law (courts have to hold their noses and pass judgment, despite believing the underlying law is complete bullshit), e.g. changes to the bankruptcy code that give superpriority to derivative creditors ("corzined").  As a result, the "rule of law" is only as good as the law... 

I'll certainly concede that there have also been some bad decisions (e.g. the method/procedure utilized in the MFG case to derive different results, obamacare, citizens, et. al), but I largely fault many of the complicated financial cases on the prosecuting parties/plaintiffs...  one must presume the court is ignorant of virtually everything and a failure to persuade the court is largely a failure of effective communication (lawyering).  As a result, I think much of the financial world has actually become practically too difficult to prosecute...  the complexity of the system has reached the point where we are impotent to understand all of its innerworkings and make meaningful change to simplify it...  or, in this case, prosecute transgressions against it.  I fault the legislature for overly complicated laws...  (the judiciary's screwups are then merely moral hazard of unnecessary government intrusion).  However, there may be a failure of the adversarial system in some cases, especially overly complicated financial cases (that lawyers, especially prosecutors, avoid like the plague since the amount of prep time is exponentially increased and they're typically public servants).

In addition, the rule of law is more of a quaint notion than objective reality...  the simple fact is that the "rule of law" is always bent/broken for some and not others.  It has always been this way and will continue for the foreseeable future.  The only argument is that it is more "fair" sometimes than others...  benefiting more people sometimes.

[PS, as someone who enforces contracts on a daily basis, you're arguing the exception and not the rule].

Thu, 01/10/2013 - 07:41 | Link to Comment Cloud9.5
Cloud9.5's picture

There is just us.

Thu, 01/10/2013 - 09:39 | Link to Comment exi1ed0ne
exi1ed0ne's picture

Death: Humans need fantasy to *be* human. To be the place where the falling angel meets the rising ape.
Susan: With tooth fairies? Hogfathers?
Death: Yes. As practice, you have to start out learning to believe the little lies.
Susan: So we can believe the big ones?
Death: Yes. Justice, mercy, duty. That sort of thing.
Susan: They're not the same at all.
Death: You think so? Then take the universe and grind it down to the finest powder, and sieve it through the finest sieve, and then show me one atom of justice, one molecule of mercy. And yet, you try to act as if there is some ideal order in the world. As if there is some, some rightness in the universe, by which it may be judged.
Susan: But people have got to believe that, or what's the point?
Death: You need to believe in things that aren't true. How else can they become?

Wed, 01/09/2013 - 23:10 | Link to Comment ACP
ACP's picture

It's just about to come alive here, shortly.

Wed, 01/09/2013 - 23:14 | Link to Comment NemoDeNovo
NemoDeNovo's picture

I'ma thinking you are more then correct on that one....

Wed, 01/09/2013 - 23:28 | Link to Comment eatthebanksters
eatthebanksters's picture

It's why changing gun ownership laws has taken on such a sense of urgency withour government.

Wed, 01/09/2013 - 23:37 | Link to Comment ACP
ACP's picture

The important thing to remember is that even Hitler & Stalin didn't overtly say they were going to murder people before/after they give up their guns, whereas the Dems & their media cronies & other national socialists are pretty blatant about it.

Just the latest example of many, many, many. I don't necessarily agree with Alex Jones' delivery, but the more than conspicuous threats from the mainstream left should be very disconcerting to all.

Thu, 01/10/2013 - 00:25 | Link to Comment LongBalls
LongBalls's picture

The elite are going for it right here, right now. Wether you believe in gun ownership or not you can not deny this fact. Here is the kicker though. All those American's out there buying up guns hand over fist are not doing it because they intend to give up thier new purchase. They are buying the guns because they know they are coming for them and they are having no part of it. This country is on the verge of another revolution. The elite, media, and government will call it terrorism but rest assured. The Revolution is about to commence. The banker schills have no idea what they are about to unleash. They are clearly getting desperate. The collapse or WW3 must be a heck of a lot closer than we know. It's time to find our God once again. We should have never left. God Bless America!

Thu, 01/10/2013 - 00:55 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

You wrote:

"All those American's out there buying up guns hand over fist are not doing it because they intend to give up thier new purchase. They are buying the guns because they know they are coming for them and they are having no part of it."  

In addition to your main point above I would suggest that ZH-ers consider a thought I have had for years:

"Git while the gittin's good."  

Works for me.  Sometimes you can buy stuff, then it gets harder...

Thu, 01/10/2013 - 01:31 | Link to Comment jomama
jomama's picture

when the fuck did partisan jesus worshippers take over ZH?

gtfo the last piece of sanity i have left. 

Thu, 01/10/2013 - 08:01 | Link to Comment lakecity55
lakecity55's picture

Uh, as long as I have been here, we seem open to anyone, higher power or no higher power.

Thu, 01/10/2013 - 01:47 | Link to Comment Dr. Sandi
Dr. Sandi's picture

I already found God. He was having sex with Satan and their were both laughing their asses off about the fast one they had pulled on 'those stupid humans.'

Thu, 01/10/2013 - 12:41 | Link to Comment donsluck
donsluck's picture

Love it!

Thu, 01/10/2013 - 06:37 | Link to Comment Seer
Seer's picture

"The banker schills have no idea what they are about to unleash. They are clearly getting desperate. The collapse or WW3 must be a heck of a lot closer than we know."

It's the death of GROWTH!

The shills are all those who believe in the grow-or-die meme.

Because growth is dead (we've peaked on the majority of total resource extraction) the shills are on the chopping block.  So, yes, it follows that they SHOULD be nervous.  The keeper of the keys of a flawed system...

Most people don't have a clue about what this collapse is going to be like.  I assure you that when it goes down you WON'T be experiencing any euphoria about the loss of the shills (be too busy surviving).

"It's time to find our God once again. We should have never left. God Bless America!"

Gott mit uns?

Thu, 01/10/2013 - 10:54 | Link to Comment trav777
trav777's picture

I believe i should speak here.

As apparently the only person on this (or any other) forum who makes a routine habit of visiting collapsed societies, I can say that it won't be NEARLY as bad as you think it will be.

In fact, the collapse is what is happening RIGHT NOW.  Rome collapsed over centuries.  Yes, I know it takes only a few seconds to read about this collapse, but Rome wasn't fully gone until...gosh, maybe it's still even there in some respects.  The Vatican sure as hell is.

I've been in countries with lots of zeros on their bills in S. America, even just went to freakin Zimbabwe where they are using the USD (what a hoot that is).  Life can certainly suck, but as long as you don't live in an area that already has a massive violence rate, you'll be ok.  People even lived their lives in Beirut during the civil war for crying out loud.

Serbia was totally ok, Brazil, Colombia...most of Johannesburg is surrounded by walls now and razor wire, with armed guards and whatnot and this fact was bemoaned by people there, ZOMG.  I said wtf, it is already and has already been like that in brazil for years!  That's the NORMAL state of being, not western european standards of respect and tolerance.

Stop bleating and just get on with living life. It's "going down" right now as we speak all around you.  What you see now is a symptom of collapse.

At some point, you people are gonna have to make some hard choices and confront some mental third rails you won't go near, or else you and people like you are going to be extinct.

Thu, 01/10/2013 - 11:40 | Link to Comment flattrader
flattrader's picture

>>>At some point, you people are gonna have to make some hard choices and confront some mental third rails you won't go near, or else you and people like you are going to be extinct.<<<

And speaking of confronting some mental third rails to avoid extintion, those reactors a Fuku scrammed, right trav?

The 3 meltdowns are all in our imaginations, correct?

To be lectured by the likes of you on reality and mental third rails is a real treat.

Thu, 01/10/2013 - 11:55 | Link to Comment TuPhat
TuPhat's picture

Flattrader,  Yes the reactors scrammed.  The problem was decay heat not fission of fuel.  You obviously know little about nuclear reactors.  You should try to learn something about a subject before you get so adamant about it.  There is enough decay heat left in the fuel to cause it to melt even after the fission reaction is shut down.  That is what happened at TMI.  Most of the stuff on ZH about Fukushima is nonsense.  They should stick to economics, thats what they are good at.

Thu, 01/10/2013 - 13:34 | Link to Comment flattrader
flattrader's picture

You got it wrong my friend.  All three melted down.  The Japs finally admitted to it. 

This is not a "scram" scenario.

Tokyo (CNN) -- Japan's Fukushima Daiichi nuclear power plant experienced full meltdowns at three reactors in the wake of an earthquake and tsunami in March, the country's Nuclear Emergency Response Headquarters said Monday.

The nuclear group's new evaluation, released Monday, goes further than previous statements in describing the extent of the damage caused by an earthquake and tsunami on March 11.

The announcement will not change plans for how to stabilize the Fukushima Daiichi plant, the agency said.

Reactors 1, 2 and 3 experienced a full meltdown, it said....

And since JAPGOV/TEPCO lied about the meltdowns for more than one year, there is doubt that the units successfully scrammed before loss of cooling.

The plant was in serious trouble long before the tsunami hit.

Read eyewitness accounts of structural damage...before the tsunami waves ever arrived on scene.

>>>The suspicion that the earthquake caused severe damage to the reactors is strengthened by reports that radiation leaked from the plant minutes later. The Bloomberg news agency has reported that a radiation alarm went off about a mile from the plant at 3.29pm, before the tsunami hit.<<<

Thu, 01/10/2013 - 12:28 | Link to Comment DaveyJones
DaveyJones's picture

Well said Trav. Whether engineered or not, the key to the collapse is what it has always been. Human ingenuity, self sufficiency, and a lack of panic. Do not let the same powers that be who let this crap collapse increase their role. ANd as you point out, a big part of America's problem is the problem of all empires, its egocentric inability to compare its problems and solutions with the rest of the world. Know your neighbors, earn their respect, demand that of them. Make honest trades, share information and skills. The collapse could very well remedy a lot of what is wrong. As long as we keep our heads. 

Wed, 01/09/2013 - 23:10 | Link to Comment pragmatic hobo
pragmatic hobo's picture

it's wild-west and gold-rush all over again ...

Thu, 01/10/2013 - 01:48 | Link to Comment Dr. Sandi
Dr. Sandi's picture

Even in the Wild West, if the crimes were too outrageous, 'citizens' committees' were formed to deal with the perps. Usually from behind.

Wed, 01/09/2013 - 23:13 | Link to Comment Thomas
Thomas's picture

hang a bunch of the  bankers.

Wed, 01/09/2013 - 23:14 | Link to Comment tooriskytoinvest
tooriskytoinvest's picture

Taxes, Revenue, Fines, and Fiscal Cliff: How guns, asbestos, financial fraud, and occupational safety describe the true problem.

Wed, 01/09/2013 - 23:24 | Link to Comment otto skorzeny
otto skorzeny's picture

CNBC said UBS has "cleaned up" the LIBOR scandal in-house so IT'S ALL GOOD. Also-I think Hillary shoved such a huge dildo up inside her twazoo that it choked off the blood supply to her brain. And I know it's fucked up by I find myself planning looting expeditions for when the SHTF in my head as I drive around town.

Wed, 01/09/2013 - 23:24 | Link to Comment OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

One of the best posts EVER on ZH. Everything else can go, but if/when we lose the rule of law then we are truly screwed.

What more evidence do you need? The largest fraud in the history of mankind (Liebor)? How about the blatant theft of $1.6 *billion* Mr. Corzine? Not enough for you? Well then why not the financiers of the biggest drug cartels in the world directly protected by the White House?

WTFU people

Thu, 01/10/2013 - 01:08 | Link to Comment Anusocracy
Anusocracy's picture

In case you hadn't noticed, law IS the problem.

Somewhere I read there were over two million laws in the US. Probably a lot more than that now.

Thu, 01/10/2013 - 07:52 | Link to Comment spentCartridge
spentCartridge's picture

They ain't laws.

They are legal land bullshit rules and only .gov employees (voters) need to respect them.

Learn what real law is ... then take it from there.

Thu, 01/10/2013 - 07:57 | Link to Comment lakecity55
lakecity55's picture

Right on. A lot of "regulations" are assumed to be laws.

The only law you have to follow is Constitutional, so far as your conscience is concerned.

Thu, 01/10/2013 - 15:23 | Link to Comment Anusocracy
Anusocracy's picture

The constitution of no authority?

That constitution?

Thu, 01/10/2013 - 12:25 | Link to Comment DaveyJones
DaveyJones's picture

yes, "the law" or the state of it, is the symptom not the cause. Both its needless complexity and the failure to enforce basic constitutional, property and criminal principles are an outgrowth of the corruption.

Thu, 01/10/2013 - 15:01 | Link to Comment ItchyBeard
ItchyBeard's picture

The only real law is the one that leads to freedom. There is no other law.

Thu, 01/10/2013 - 15:25 | Link to Comment Anusocracy
Anusocracy's picture

Private law.

In rural areas there used to be signs posted such as: Private Property. Trespassers Will Be Shot.

Thu, 01/10/2013 - 01:18 | Link to Comment socalbeach
socalbeach's picture

And as an added bonus I've noticed the better articles tend to have better comments.

Wed, 01/09/2013 - 23:25 | Link to Comment A Lunatic
A Lunatic's picture

We have a relative handful of "Representatives" "working" together with Lobbyists and the Money Masters in order to map out the future of America. What could possibly go wrong?

Wed, 01/09/2013 - 23:31 | Link to Comment monkman
monkman's picture

He has to write the headline as a question? This is the USSA.

Wed, 01/09/2013 - 23:31 | Link to Comment Cabreado
Cabreado's picture

"Some general approaches for your consideration.

Not so fast.
Your "approaches" come from

1. little creativity

1. defeat

You should be ashamed.
If you are not ashamed,

1. you are part of the problem.

Wed, 01/09/2013 - 23:35 | Link to Comment earleflorida
earleflorida's picture

God Bless you...

"Julian Assange"   ;-)>

Thu, 01/10/2013 - 06:46 | Link to Comment Random
Random's picture

Julian Assange is a fraud! Do you think that a random guy can do what Assange has done?! Random "terrorists" get a missile through the window for no substantial harm done to the US / whatever and Assange can do this kind of "damage" and still walks around?! Dudes got suicided with 5 rifle shots to the back of the head for way less. Get real brah...

Sat, 01/12/2013 - 22:44 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Random GUY?

Wikileaks is more than 1 person & OpenLeaks is out there too, as is Anonymous.

How did you conclude the entire operation is the one guy getting the government to waste their time & money on him instead of hunting future leakers?

Wed, 01/09/2013 - 23:37 | Link to Comment Count de Money
Count de Money's picture

Yes, why isn't Jon Corzine in jail for stealing and blowing $1.2 billion of investor money? Or Franklin Raines, the ex-CEO of Fannie Mae and, while there's plenty of blame to go around, the person probably most responsible for the housing meltdown? Or tax cheats Tim Geithner and Charlie Rangel? Why isn't the press hounding these people 24/7?

Oh, because they're Democrats.

Wed, 01/09/2013 - 23:53 | Link to Comment NoDebt
NoDebt's picture

No, they're liberals.  There's a difference.

But boil it all down to the most basic level and they're a minority that has found a way of grabbing power and suppressing the majority who do not agree with them or their ideas.  They don't even believe in what they say, they just say what has to be said to gain power.  You want wealth, they'll promise it to you.  You want "real" justice, they'll promise it to you.  You want to be heard, they will pretend to listen.  All they ask in return is that you give them the power to grant you everything they have promised to you.  But when you do, they will take that power and give you none of what they promised. 

They're con men.  Oldest trick in the book.  Give me what I want first, then I'll give you all you desire.  Promise.


Thu, 01/10/2013 - 05:51 | Link to Comment Acet
Acet's picture

Meanwhile in the UK, the ex-head of the Financial Services Authority, who was right there at the top of the regulator when LIBOR was happening (and did NOTHING), just got a Knighthood.

Can't make this shit up.

Wed, 01/09/2013 - 23:38 | Link to Comment q99x2
q99x2's picture

How is this possible? Answer: Eric Holder. 

He is the most notorious crimminal in the US at this time. As far as HSBC, drug running operations has been a part of their business model since at least the 1600s.

How do you think Queenie got her treasures? Answer: not by being a decent human being.

Thu, 01/10/2013 - 01:35 | Link to Comment palmereldritch
palmereldritch's picture

   As far as HSBC, drug running operations has been a part of their business model since at least the 1600s.

Nailed it.

Details here:

In July 2011, First Niagara Financial Group announced that it would buy 195 retail bank branches in New York and Connecticut from HSBC for around $1 billion. [1]  HSBC had acquired the branches when it bought the spooky Marine Midland in 1980.  According to Global Finance, the UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36 trillion in assets. [2]  Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars.  During the Vietnam War HSBC laundered CIA heroin proceeds....

Thu, 01/10/2013 - 07:54 | Link to Comment lakecity55
lakecity55's picture

Back in the day, if you were a real terrorist and you got busted, Eric was the man to call.  Many arrested terrorists had his phone number on them when busted.

Wed, 01/09/2013 - 23:41 | Link to Comment F. Bastiat
F. Bastiat's picture

And yet, not a word from Matt Taibbi regarding the hundreds of Latinos gunned down by the high-powered rifles smuggled into Mexico by swarms of the despot's officers; most notably the individual occupying the head position at the central bureau of injustice.

Wed, 01/09/2013 - 23:52 | Link to Comment dvfco
dvfco's picture

Matt Taibbi has turned into a pinko communist leftis whore just like the rest of the msm.  He's gone from being a reporter to a real piece of garbage.  


By the way, isn't it great that we are in such straits and Obama's second term hasn't even started.  How many millions will be spent having him lie while taking the oath of office again - then partying the night away with all those who went with the "If you can't beat 'em, join 'em group."

Wed, 01/09/2013 - 23:57 | Link to Comment F. Bastiat
F. Bastiat's picture

I'm encouraged by the resistance, actually. We're getting better at it now that we know the routine of the collectivist left.  They're not exactly difficult to predict.

Thu, 01/10/2013 - 01:20 | Link to Comment jomama
jomama's picture

another bullshit post deluded over a false paradigm.  

both sides of the aisle have been fully captured, numbnuts.

Wed, 01/09/2013 - 23:44 | Link to Comment adr
adr's picture

The rule of law should bring back what we have lost.

Law 1: Respect

Law 2: Personal responsibility

Law 3: Local Community

Path to what we have lost:

Kill all those who wish to receive compensation without work, end fractional reserve banking, and disband the federal government. Can't figure out how to add to constructive society, well then you die.

Really not too hard.

Thu, 01/10/2013 - 00:01 | Link to Comment Apply Force
Apply Force's picture

"Kill all those who wish to receive compensation without work, end fractional reserve banking, and disband the federal government. Can't figure out how to add to constructive society, well then you die."

No argument about disbanding the fed gov or ending fractional reserve banking, but the killing and death you suggest dealing out would make you no better than the state now.  Why must another participate constructively to society to not be killed? 

I think maybe you need to think through your premise a little more.

Thu, 01/10/2013 - 00:07 | Link to Comment F. Bastiat
F. Bastiat's picture

Cut off the spoils of plunder and they'll take it out amongst themselves. Let the savages and barbarians pillage each other.

Thu, 01/10/2013 - 00:58 | Link to Comment mayhem_korner
mayhem_korner's picture



How about getting back to respecting original, God-given natural law, which has been incrementally, but forcibly removed from its central place in society?

Thu, 01/10/2013 - 01:20 | Link to Comment Anusocracy
Anusocracy's picture

How about a couple of axioms:

No initiation of aggression

Self-ownership of person and labor only

Interactions are voluntary and unencumbered.

Thu, 01/10/2013 - 01:31 | Link to Comment GFKjunior
GFKjunior's picture

Who owns the property?

Thu, 01/10/2013 - 07:49 | Link to Comment lakecity55
lakecity55's picture


Wed, 01/09/2013 - 23:49 | Link to Comment dvfco
dvfco's picture

Is it a coincidence that we are also hearing that Obama may outlaw guns (anywhere from all guns to just the most hardcore assault rifles) within the next day or two - and do it by executive order?  We are living under Martial Law and anyone who thinks otherwise will find out soon enough.  

It doesn't take a genius to see that our society has become so divided (all intentionally by the Chosen One) that rage is building almost everywhere.  Riots, looting, etc. would be just what he needs to bring in the 100% martial law, 100% socialism and a rule by 100% executive order.  And, if you think you can do anything to stop it, ask Manning or Assange.  Oh, that's right, we can't.  

Just think, Assange is a reporter and will be held until he dies in a consulate.  Safe passage has been guaranteed to and from consulates even in the most turbulent times for people to return to their home countries.  Look at Castro leading up to the Mariel Boatlift - even he recognized he had to act properly when thousands made it inside the gates of a foreign embassy.  

Many believe that everything went to shit in 1913 with the start of the Fed or with the assassination of JFK.  I wish we could get someone in the executive branch to return the seat of power to its rightful place in our society, as one-third of our government.  Also, we need to limit the abuse of power that has all of us being wiretapped and recorded in every phone call, e-mail and web page we visit.  Who knows, this may be the last comment I ever post.  

It reminds me of a record from when I was a kid.  It was "An Evening Wasted with Jim Lehrer" and one song went - "They're coming to take me away ha ha he he hoo hoo - to the funny farm where life if beautiful all the time and I'll be happy to see those fine young men in their clean white suits and their coming to take me away . . "

I think I'm losing it.  Pretty soon I'll think the flu epidemic is Obama's fault.

Thu, 01/10/2013 - 01:15 | Link to Comment vamoose1
vamoose1's picture


   just  a  great  post  so  thank  you   so  succinct.   i  am  about  your  age  a nd  respectfully   it  may   have  been  tom   lehrer    and  man  we  loved  that   song  at   oh   about  age  12    he  was  a  very  interesting   guy   a  glorious   shit  disturber   way  ahead  of  his  time     i  remember  the  words  now   that  you  repeated  them   that  song  became  pretty   controversial    because  it  was  not  intended  to  be   funny 

    you  are  not  losing  it  sir/madam   YOU ARE GAINING IT. The  whole  process  of   alt  discovery  is  frankly   downright hair  raising ...  its  also   pretty   humbling   to  discover  how  it  really   works   and  the  skill  with  which  its  obscured  but  its incredibly  important  to  approach  this  eyes  open. I would rather know  than  not  know ,    thank  you  again   i  hope  you   keep  posting ...   this  is  a  numbers  game  and  we  need  every  sentient  body  out  there .         gs  

Thu, 01/10/2013 - 03:41 | Link to Comment Tall Tom
Tall Tom's picture

"They're Coming To Take Me Away" was performed by Napoleon XIV. It was a classic on the Dr. Demento syndicated Radio Show out of Sacremento, CA. It also has two corallary songs which are as equally hillarious. It is about a dog, named Josephine, who left its Master.

Wed, 01/09/2013 - 23:53 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Things are even worse than this article portends (which I wholeheartedly agree with).  Worse than you can even imagine.  Seriously, take a look at the excellent paper Catherine Austin Fitts has assembled:

I guarantee you'll have a very different imagine of the U.S. government after reading this.  I sure did.


Thu, 01/10/2013 - 00:33 | Link to Comment Cheyenne
Cheyenne's picture

Fitts is fantastic. She was on to the kleptocracy before anyone else I can think of. Her paper "The Myth of the Rule of Law" is from 2002 and explains much of what's happened over the last decade: (warning: it's long, ~12K words)

Fitts recently cut to core problem facing pretty much all Western democracies:

"It comes down to law. The debt was fraudulently induced. It’s not lawful. Repudiating it returns you to a state of law, and that’s what we need." (cue to 50:00)

She was talking about Iceland, where bank bailouts were rejected and bankers were prosecuted and jailed--and where the unemployent rate is now well below 5%.

Thu, 01/10/2013 - 00:41 | Link to Comment Cheyenne
Cheyenne's picture

As a sidebar, Fitts was the Assistant Sec'y of HUD under and raised funds for Bush 1. It's curious to say the least that she's among any number of Republican insiders who've blown the whistle on massive corruption within the government.

"With the federal government doling out corporate welfare by the trillions, which ensures that the frauds  perpetrated on Main Street in the bright light of day continue unabated, you'd have expected rabid packs of Democrats to burst from the chutes of federal power baying like beagles about the corruption that's being systematically worked on the People.

"It hasn't happened. Deep Throat is a Republican cabal. Go figure."

Thu, 01/10/2013 - 01:30 | Link to Comment mayhem_korner
mayhem_korner's picture



History shows that the "kleptocracy" is the expected and eventual outcome of every state.  And the rot is always veiled, as that is human nature.  So when you say "she was on to the kleptocracy before anyone else", you must be referring to those who have a misplaced expectation of an uninterrupted vector of virtue, justice and prosperity. 

Thu, 01/10/2013 - 00:39 | Link to Comment H E D G E H O G
H E D G E H O G's picture

great link, thanks

Thu, 01/10/2013 - 00:58 | Link to Comment Curiously_Crazy
Curiously_Crazy's picture

I guarantee you'll have a very different imagine of the U.S. government after reading this.  I sure did.


Only if you live in the USSA. A majority of the rest of the world has been well aware for quite a while.

Thu, 01/10/2013 - 01:25 | Link to Comment mayhem_korner
mayhem_korner's picture



Agreed.  Because the U.S. was for so long the most prosperous country ever formed, it still suffers the illusion that it can never falter.  Like the fiat monetary system, once the social and justice system becomes reliant on itself, it's fate is sealed.  Just like every one prior...

Thu, 01/10/2013 - 01:19 | Link to Comment mayhem_korner
mayhem_korner's picture



Her mistake is she assumes the solution can be found from the same source from which the problem originates.  The degradation of society is not a new occurence, and the current state of the U.S. is not "worse than you can even imagine" because worse has occurred.  Worse than perhaps the U.S. citizenry can imagine happening to them, perhaps.  The context of a longer-term perspective would aid her understanding in my view.

Thu, 01/10/2013 - 00:13 | Link to Comment JohnGaltsChild
JohnGaltsChild's picture

"....because the cops don't need you, and man, they expect the same" - Bob Dylan

Thu, 01/10/2013 - 07:44 | Link to Comment lakecity55
lakecity55's picture

C'mon, Americans, get all yer guns

We're gonna have a shooting down Highway 61.

Thu, 01/10/2013 - 07:48 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

the most powerful people on earth will be and are those who; cook for and serve the elite, one does not fight the biggest gun and goon owners with guns, just a little input into asymetric warfare.

Thu, 01/10/2013 - 00:16 | Link to Comment Yen Cross
Yen Cross's picture

 Viva Hugo Chavez? OOPS wrong Dictatorship.   Exxon -Mobile= Hugo Chavez/

Thu, 01/10/2013 - 00:22 | Link to Comment chunga
chunga's picture


Justice isn't dead. It just smells that way.

Thu, 01/10/2013 - 00:36 | Link to Comment sansnobel
sansnobel's picture

Obama should be  popped  there's  justice for you.  Every fucking Democrat or Republikan inside the belt way should have a fucking 50megaton thermonuclear device dropped on them.  The world would then be a much better place.

Thu, 01/10/2013 - 07:39 | Link to Comment lakecity55
lakecity55's picture

Knock Knock

Who's there?

NDAA! Buda Budda Budda!


Body slumps to floor

Thu, 01/10/2013 - 00:37 | Link to Comment SmittyinLA
SmittyinLA's picture

The Mexican mafia runs the CA legislature, no seriously they really do


Thu, 01/10/2013 - 00:37 | Link to Comment CheapBastard
CheapBastard's picture

British taxpayers must feel warm and cuddly paying for those 100 police officers....


Very generous of them....


"...Julian Assange, who is now a prisoner, surrounded by upwards of 100 police officers.... '

Thu, 01/10/2013 - 07:37 | Link to Comment lakecity55
lakecity55's picture

(clears throat), uh, I say, Limeys, we all know the guy is a CIA plant. You are not fooling anyone. You may go home.

Thu, 01/10/2013 - 00:48 | Link to Comment Curiously_Crazy
Curiously_Crazy's picture

American justice died a long long time ago. Sad but true.

Thu, 01/10/2013 - 02:01 | Link to Comment Dr. Sandi
Dr. Sandi's picture

Unfortunately, it was a suicide.

Thu, 01/10/2013 - 00:53 | Link to Comment Lord Of Finance
Lord Of Finance's picture

'The shortest straw has been pulled for you!' :D

Thu, 01/10/2013 - 01:19 | Link to Comment williambanzai7
williambanzai7's picture

+1 for quoting De Soto. All the global finance missionaries from the IMF etc love to quote him while pontificating to the developing world about transparency and corruption.

Thu, 01/10/2013 - 01:22 | Link to Comment jonjon831983
jonjon831983's picture

"The tourists held by Greek police as illegal migrants"

Thu, 01/10/2013 - 02:45 | Link to Comment Yen Cross
Yen Cross's picture

 Bitchez! Respectfully!      The United States is alive and well!  That needs stitches. What? Border/ Iran (captured)

  Let's be practical. Campfire- Cub Scout practical> watch the video ( The Guy an Imbecile) smart ass extraodinaire.

 Should He parisch? I have some Jamie Colemans at Forex Live to destroy! I donate $ annomously to his Down Syndrome daughter!

                                       Disturbing images of kidnapped ex-FBI agent Robert Levinson dressed as ragged Guantanamo detainee point to involvement of Iranian government say U.S. officials | Mail Online                                                                                           Jamie you crossed the wrong bridge.``````Pussy.

Thu, 01/10/2013 - 02:59 | Link to Comment IamtheREALmario
IamtheREALmario's picture

One thing that I do not understand is why the low level police, military, spies and other servants of the elitists actually do their slavely bidding.

Is the pay that good? Are their morals that weak? Is the 20 coin worth selling their soul?

Thu, 01/10/2013 - 04:44 | Link to Comment Kickaha
Kickaha's picture

I'm not sure about the folks in the military, but as for the local police, drugs is your answer.  The police defend the largest cartels.  When busts are made, they involve the young turks who erroneously sought to displace the powers that be.  That's how the police earn those envelopes of cash.  In addition to the cash, the cops get a promise that their spouses and kids won't suffer horrible, violent, premature death.  The cops, in return for the cash and the safety of their families, agree not to make the families of the drug lords suffer the same awful fate.

The budgets of the local police departments get greatly augmented by drug forfeiture assets to the point that they can no longer function without this additional input.  As an institution, they could not persist absent a vibrant trade in illicit drugs, in which they have become investors.

And the illicit drug industry prospers and grows.  There is no other possible explanation for its success over time, or for the ironic "War on Drugs" which goes on and on for time everlasting.

Thu, 01/10/2013 - 14:50 | Link to Comment oddball
oddball's picture

Again, how much did the NYPD get from that bank during that occupy hubbub?

Thu, 01/10/2013 - 04:06 | Link to Comment pcrs
pcrs's picture

All laws are there for the manipulation of the tax slaves. 

A law is just someones opinion with a gun. You don't need a law to buy a good pair of shoes and you do not need it to rent a good security firm or private court to handle disputes.

Thu, 01/10/2013 - 04:12 | Link to Comment AnAnonymous
AnAnonymous's picture

Another day, another 'american' day.

As usual, with 'americans', a litmus test is introduced and from that point, it is their "either with us or against us" stuff.

the stronger the rule of law, the stronger the economy.
What? You mean that a country like the US, that is nothing less than the mecca of 'americanism' has had a strong economy because of a strong rule of law?

If in a country where a president could sit on a judicial decision recalling the Indians' natural rights to their ancestors'land, that means a strong rule of law, one cant wait to see what means a weak rule of law.

What's going on? Quite simple. 'Americans' have built their success the way they did and that includes a very selective application of law, that has been designed to distribute favours.

This is from day one. This 'american' doing is not changed since the beginning. Still works the same.

But at present times, 'americans' are running out of the usual suspects to be fed to the 'american' machine.
The machine itself has not changed. And that is what scares 'americans'
What is changing is the inputs to the machine: more and more 'american' middle classers are finding themselves fed to the machine when they got the idea this should never happen.

Bad days, it is happening. Hence the success of lines of thought featuring a fabled past, showing the 'american' machine different from what it was.
This fantasy allows room for claiming the machine has changed.

Tough luck, the machine has not changed, just running out of the usual suspects to be fed with.

Thu, 01/10/2013 - 04:27 | Link to Comment akak
akak's picture

Lead-tainted playthings and slow-roasted kittens
Black cooking marmites and foul public shittins'
Denial, bigotry and middle class kings
These are a few of my favorite things

Crap-covered roadsides and crisp Szechuan puppies
Truncheons and sweat shops and Chink neo-yuppies
Rare tiger penis that makes big the shwing
These are a few of my mattering things

When the dog woks
When the prole shites
When I'm feeling sad
I simply remember my favorite theme:
That every 'American' is bad.

Dead female fetuses on toxic waste mountains
Resource depletion and shit-tainted fountains
Naked hypocrisy and trolling in spring
These are a few of my blobbing-up things

Citizenism and insanitation
The criminal rape of the Tibetan nation
Circular arguments that run 'round in rings
These are a few of my favorite things

When I troll blogs
When my butt stinks
When I'm feeling mad
I simply remember my mattering thing:
That every 'American' is bad.

Thu, 01/10/2013 - 04:47 | Link to Comment AnAnonymous
AnAnonymous's picture

The issue of justice in 'american' societies is indeed very circular.

Thu, 01/10/2013 - 04:48 | Link to Comment akak
akak's picture

When I troll blogs
When my butt stinks
When I'm feeling mad
I simply remember my mattering thing:
That every 'American' is bad.

Thu, 01/10/2013 - 05:01 | Link to Comment Yen Cross
Yen Cross's picture

AnAnonymous, please tell your bretheren to stop sxcrewing with my laptops. My endless windows updates are getting old.

 Eric Schmidt goes to North Korea and we get endless updates from Micro Soft.

Thu, 01/10/2013 - 05:02 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Panda Funk Railroad, from the Blobbing Up album:

We're a Chinese citizenism band
We're a Chinese citizenism band
We stop and take a shit
On the roadside to Tibet
We're a Chinese citizenism band

Thu, 01/10/2013 - 05:26 | Link to Comment akak
akak's picture

And from the flip side of the 45:


All the chinks are squattin' the same old crap now
Come on baby, do the Bowelmotion
You'll like crapping on the roadside if you give it a chance now
Come on baby, do the Bowelmotion

My adopted Chinese sister can do it with ease,
It’s easier than shartin' in your BVDs,
So come on, come on, do the Bowelmotion with Mao...

You’ve gotta spread your sphincter
Come on, squat down, jump up, wipe back...
Well I think youve got the nack,
Woah woah...

Now that you can do shit, lets make a stain now,
Come on baby, do the Bowelmotion...
A brown and slimy lotion like the Beijing rain now,
Come on baby, do the Bowelmotion...

Make shit loud and nasty now, shart like a horn
A little bit of rhythm and a lotta corn,
So come on, come on, do the Bowelmotion with Mao...

Thu, 01/10/2013 - 05:42 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

ROR! Chinese citizenism crassic rock.

Thu, 01/10/2013 - 04:54 | Link to Comment Kickaha
Kickaha's picture

That was just beautiful, like Julie Andrews tits.


Thu, 01/10/2013 - 05:02 | Link to Comment akak
akak's picture

My next number will be an adaptation from Rogers' and Hammerstein's "The Middle Class King and I".

Thu, 01/10/2013 - 11:50 | Link to Comment Kickaha
Kickaha's picture

I'm not sure I can find any nudies of Deborah Kerr.

Thu, 01/10/2013 - 12:56 | Link to Comment DaveyJones
DaveyJones's picture

keep em coming

Thu, 01/10/2013 - 04:59 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Another day, another 'american' day.

...which means another day of classic Chinese citizenism eternal nature shit-and-run commentatings from AnAnonymous.

Roll up your windows and hold your nose, and beware the brown skidmarks on the roadside.

Thu, 01/10/2013 - 04:14 | Link to Comment mercy
mercy's picture

My justice is alive and very much at play.

Thu, 01/10/2013 - 04:58 | Link to Comment slackrabbit
slackrabbit's picture

Look at this Sandy Hook interview - especially the 'dad' laughing with his friend before going live.


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