This page has been archived and commenting is disabled.

Doug Casey: "We Are Living In The Middle Of The Biggest Bubble In History."

Tyler Durden's picture


The recovery since the 2008 financial crisis is just an illusion created by the papering-over of our insolvency by central-bank printing. Doug Casey adds that the current state is akin to being "in the eye of the hurricane thanks to this 'cover'" and believes the printing which will ultimately lead to very high inflation once bank lending starts to pick up again. This excellent interview moves from Casey's view of a looming loss of confidence in the dollar (and the impact of mass repatriation) to what must the Keynesians be thinking as the "apparency of prosperity" remains all that we have to lift animal spirits. With an eye to gold (and non-western central banks behavior towards it as they realize "the USD is just an unsecured liability of a bankrupt government"), he evaluates the likelihood of a western economic collapse in 2013 and what that would imply for an implicit gold standard in the world. From Austrian economist Hans Herman-Hoppe's view of a post-Keynesian-crash era to his potential triggers for this collapse (such as gold-energy barter and non-dollar blocs), Casey succinctly reminds us that there is not just one asset-class bubble but that "we are living in the middle of the biggest bubble in history."



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 01/18/2013 - 17:54 | 3167583 tawse57
tawse57's picture

It is a bubble so BIG that nothing is left sharp enough on the planet to burst it. It will just keep on growing.

Fri, 01/18/2013 - 17:59 | 3167607 ParkAveFlasher
ParkAveFlasher's picture

triple-double trouble-bubble, bitchez!

Fri, 01/18/2013 - 18:16 | 3167673 economics9698
economics9698's picture

"We Are Living In The Middle Of The Biggest Bubble In History."

No shit Sherlock. 

Fri, 01/18/2013 - 18:22 | 3167696 NuckingFuts
NuckingFuts's picture

I was just logging on to post the exact same thing, you beat me to it.

No fucking shit? Really? Who knew?

Fri, 01/18/2013 - 18:46 | 3167718 xtop23
xtop23's picture

An obvious point to those that are informed. Nevertheless, Casey knows his shit.

Fri, 01/18/2013 - 19:01 | 3167791 Winston Churchill
Winston Churchill's picture

Knows shit about history though.

South Sea,Tulips etc.,

For their time,equally big.

First reserve currency bubble,that we know of.

Uncharted waters.

Fri, 01/18/2013 - 19:13 | 3167813 lakecity55
lakecity55's picture

Hmmmm......Federal Reserve Tulips!

Fri, 01/18/2013 - 20:07 | 3167919 ebworthen
ebworthen's picture

Platinum tulip coins!  Broaches!  Cufflinks!                   

Fri, 01/18/2013 - 22:05 | 3168184 trav777
trav777's picture

this is a "no shit" article when you look at human population versus oil production; there's your bubble

Fri, 01/18/2013 - 23:15 | 3168226 erg
erg's picture

You're a bubble...couldn't resist.

Edit: Didn't junk ya but to expand, you look like you're unsuccessfully trying to prick yourself.

It's Friday, traditionally a day of humor, if possible.

Sat, 01/19/2013 - 07:20 | 3168577 Supernova Born
Supernova Born's picture

Multiple brilliant observations by Mr. Casey. I've added this man to my must listen to list.


-Pointing out Aristotle's 5 characteristics of "money".

-"US dollars are just the unsecured liabilities of a bank-run government."

-"Gold particularly good for money...we are talking about physical reality here."

-pointed out that there are trillions of dollars held overseas that will repatriate in a matter of days when the dollar cracks, resulting in an inflationary tsunami.

Sat, 01/19/2013 - 09:32 | 3168637 GetZeeGold
GetZeeGold's picture



When you let freaks print money.....turns out.....they do.

Sat, 01/19/2013 - 11:41 | 3168735 Popo
Popo's picture

Casey is 100% right in a big-picture sense.  The problem is, he's been making his call for "It'll collapse next year" for donkey's years now.  

To make an analogy:  In the post WW2 years just about every economist on Earth knew the Soviet system would ultimately collapse as it was presiding over slowing GDP and industrial collapse.  The problem is that those calls for collapse took until the late 80's to come to fruition.

To put that analogy into today's years -- Casey may well be right in 2040 or beyond.   Not that I'm dissing Casey.  He's 100% correct.  But hedge accordingly if you're trading this thesis.

Sat, 01/19/2013 - 11:49 | 3168757 DaveyJones
DaveyJones's picture

ironic since we have less gas

and pricks only make it worse 

Sat, 01/19/2013 - 16:43 | 3169392 All Risk No Reward
All Risk No Reward's picture

"US dollars are just the unsecured liabilities of a bank-run government."

This is not true.  This is a common misconception of main stream libertarianism.  The liabilities are secured by *your* labor. 

Now do you know why your rights have been eliminated and the police state has been erected all around you...  oh, and now they've started the effort to disarm you in earnest.  They know it will take time, but the incrementalism has accelerated.

Casey doesn't understand one of Sun Tzu's basic tenets - "know your enemy."

"...believes the printing which will ultimately lead to very high inflation once bank lending starts to pick up again."

So, let me get this "logic" straight.

1. The banks run the government.

2. The banks (that run the government) are lending 30 years at 3%

3. The banks hold the keys to serious / hyperinflation

4. The banks hold trillions in debt instruments...  trillions more when you roll up the corporatacracy underneath the OWNERS of the multi-national banks

5. The banks own trillions in debt instruments...  and trillions more in derivatives tied to keeping interest rates low.

1 through 5 somehow adds up to the banks inflating their own wealth away and bailing out the debtors.

What?  The? 

That's irrational.

"The best way to control the opposition is to lead it" (or finance and promote the ideas of groups you want to be the "opposition")
~Valdimir Lenin

The rational explanation of 1 through 5, above, is that the banksters will continue to loot society of trillions in cash and offload trillions in debt to society until that well runs dry.  At that point, they won't lend to a debt saturated, broke-*ss debtors.  They will withhold credit from society, bankrupt society and then BUY UP REALITY FOR PENNIES ON THE DOLLAR USING ALL THE TRILLIONS IN DEBT INSTRUMENTS AND DEBT MONEY RECEIPTS.

BTW, that's YOUR CHIT, YOUR FAMILY'S CHIT, YOUR COMMUNITIES CHIT they will be stripping and rolling up under their corporate fronts.

They may choose to hyperinflate, but by that time, the common person will have been seriously asset stripped, the multinationals and their interests will own almost all of reality and it will be a book keeping adjustment to "balance their books."

Remember, the TBTF banksters are TBTF...

Note that Mises was financed by the Rockefeller Foundation, but people espousing my view were not financed by Rockefeller interests.

The bottom line...

1. Would you lend 30 year money at 3% if you were about to hyperinflate?

2. Would you hyperinflate if you owned trillions in cash?

3. Would you hyperinflate if your owned trillions more in debt?

No, no and no.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt.”
~Henry Ford

Debt money is a fraud.  There are really two classes of people - 1. the money definers and creators and 2. the money definer and creator victims.

All other groupings are trivial, but are exploited by the money definers and creators to keep people from understanding their true enemy.

Socrates meditated on the meaning of words.  Some on Zerohedge would do well to do the same.

It isn't about "Jews," it is about content of character.  The vast majority of Jews are are victims of money definers and creators - but the money definers and creators love it when people lump them together with a broader group.  They get to hide.

Also, I've read some people talking about people of African descent in America being genetically ignorant.  That's not true.  They were targeted by the money definers and creators based as a beta test for all the nasty stuff they would eventually do to everyone else...  based on ignorant bias and prejudice in society.  The criminal money definers and creators understand you better than you understand you.  They are SCIENTIFIC, TECHNOLOGICAL ELITE.

Eisenhower Warns of Domination of Scholars by (banker controlled) Government

"...and the POWER OF MONEY (money definers and creators - pay attention!) is ever present and GRAVELY TO BE REGARDED."
~President Eisenhower, Farewell Speech

The wickedness rained down upon the African American community, some subtle, some not so subtle, has been epic.  Any people would be distorted by this.

John Taylor Gatto would go into the "dumb class" iin New York and he was able to get them to perform like the talented kids in the school in about 8 months.  Many of these kids were black.  If there was a genetics issue, he could not have done this.  Of course, Gatto had to circumvent the methods engineered to hinder true enlightenment from these children.

The Ultimate History Lesson is free on Youtube - watch it...  especially if you ever wondered why school sucked so much and how so much of society thinks they "know" something without understanding the data and logic required to actually know something.  Gatto has other works out there - search them.  Yes, Google is evil.

Research The Trivium - and search "Trivium Binder" for a good start.

Remember one thing and pass it on.  The monetary system is a fraud.

Debt Money Tyranny

The only two classes of people that really matter loong term are the two classes of people nobody in the establishment will ever talk about...

1. Debt Money Tyrants - the definers and creators of money

2. The victims of Debt Money Tyrants.

Unfortunately for the overly simple paradigm crowd, it is not possible to look to race or religion to identify these people.  

The real; issue is as Martiin Luther King so clearly stated - "content of character."

Such a simple truism that most people simply can not grasp if their life depended on it...


Sat, 01/19/2013 - 17:31 | 3169467 FEDbuster
FEDbuster's picture


"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

- Napoleon Bonaparte, 1815


George Carlin knew the score:


Sat, 01/19/2013 - 20:47 | 3169791 All Risk No Reward
All Risk No Reward's picture

Absolutely.  There seem to be two kinds of national leaders.

1. Bankster controlled pieces of trash

2. Non bankster controlled pieces of trash about to be attacked by Bankster Controlled pieces of trash.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt.”
~Henry Ford

The sick part of the hyperinflation psy-op is that there is a lot of truth to it.  The end game before the big reset will likely be hyperinflation.  That is true.

But the trick that so very few understand is that the Banksters have to convert their trillions in debt holdings and trillions more in cash INTO REALITY FIRST....  before they hyperinflate.

Now THAT time frame is gonna be a b* because if the multinational banksters and their corporate fronts own almost everything real, IT MEANS EVERYONE ELSE OWNS ALMOST NOTHING.

What happens when the common person has nothing and hyperinflation hits to "balance the books" of the criminals running their Debt Money Tyranny crime spree upon a willing government and an ignorant population?

We will find out once the Banksters have "Quantitatively Eased" their debt loads off onto a population of galactic chumps and the looting of the Treasury has run its course.

It's what you and I would do if we were a psychopaths in their shoes...  and they employ people much, much, much smarter than us.  I'm overwhelmed deconstructing their evil plans and these SOBs thought them up and pulled them off, all the while the chumptocracy sucks their thumbs and laughs at anything with the name "conspiracy" in it.

Debt Money Tyranny - the monetary system is a confidence game engineered to strip society's wealth dry

They want world control and they will get it, too - using economic theory (the real stuff) to incentivize us to cut the throats of our community members, or at least stand idly by while they pay someone else to cut their throats - unless people get educated and active in a big way.

You want to know something ironic?

No matter how I work through this problem, the root cause is not caring for our neighbor as we care for ourselves.  This tyranny only works on a population of narcissists that can't be bothered while someone else is being victimized...  or even act when they are being victimized but they simply can't feel the effects of it yet.  This ill afflicts both the Debt Money Tyrants and their victims.

Do you knwo what the Bible calls failing to care for your neighbor equal (not more, not less) than yourself?

Sin.  Is everyone enjoying the fruits of the "sin" tree?

I don't point this out to push a particular religious agenda (what is passed off for Christian churches today come off as establishment manipulate dorganizations).  Rather, I point this out as an interesting historical fact.

PS - Carlin was razor sharp on many of these issues.  He is missed.

Sun, 01/20/2013 - 10:30 | 3170470 Bollixed
Bollixed's picture

Thank you for the above posts. Very astute and concise summations of the problems. Clearly a message that needs more exposure.

I believe you're dead right about the hyperinflation scenario. It's what most people get wrong, and outside of Martin Armstrong, et al, you don't see that point of view expressed enough. Thanks again for putting such clarity to what is no doubt one of the most elusive conundrums we face as a society.

Sun, 01/20/2013 - 12:46 | 3170605 All Risk No Reward
All Risk No Reward's picture

Hi Bolixed, you are welcome.  It is basic economics.  The Banksters will do what is in the Bankster self interest.


They won't hyperinflate until it is in their interest to do so.

The mistake that most make is envisioning that government is sovereign - they are not!  Government is the financed and promoted hand maiden of Biggest Finance Capital - the money definers and creators.

Casey doesn't presume the government is sovereign - so he gets it.  However, he seems to have 1. failed Econ 101, 2. forgotten Econ 101 or he's knowingly setting people up to get asset stripped.

You see, by my paradigm, the #1 goal of the Debt Money Tyrants is to get as many people positioned for hyperinflation as possible AND THEN PULL THE PLUG ON CREDIT.

That's going to hurt badly when it comes down the pike.

Efforts have been made to expose the debt money system as the fraud it is.  You'll never hear it discussed in the "mainstream" because the criminal, collaborator establishment controls the mainstream.  The Vichy Media, as it were.  Or watch They Live on Netflix and note the people who aligned themselves with the "aliens" who only dressed in suits and ties.

Do your best to understand what thhis chart is communicating then pass the link far and wide with your own interpretation of how this wrecks entire society's.

Debt Money Tyranny

We are under tyranny now, but the tyrants are implementing Sun Tzu's Art of War principle that "all war (war, people, war - they are warring with us!) is deception.

The other point is that people need to understand the first three of the classical liberating arts.  People don't know how to think. 

Only irrational people reach conclusions they think are solid without understand the data and logic and eliminating contradictioons and fallacies.

BUT THEY DON'T TEACH THAT IN "SCHOOL."  Unless you are awake enough to extrapolate the scientific method to the non schooling sciences, that is - and that is rare.

Schooling teaches you what to think and props up fallacies (eg, appeal to authority) as knowledge sources.  Of course, the "authorities" are bought and paid for by the money definers and creators.

Education teaches you how to think logically and critically...

1. Gather all the data you can, all in the context of a good understanding of what humans have done throughout history.

2. Apply logic to the data in order to reach conclusions.  This includes removing contradictions and fallacies.  If you don't know what a fallacy is, you can't very well remove it, now can you?

Carlin was dead on about this - the education system was hijacked by the Debt Money Tyrants and their aligned robber baron industrialists way back in the early 1900s.

John Taylor Gatto is the go to source for the history of education in America and for many other insights into history.

For example, to paraphrase Gatto, "there was a second American revolution in the late 1800s.  It wasn't won through the force of arms, but through the force of insight into how to create public opinion."

BAM!  That's insightful Veritas right there that very few understand.

Some good source documents include Propoganda (Edward Bernays, Freud's nephew), None Dare Call It Conspiracy and Tragedy and Hope (5 lbs of conspiracy that names names, dates and agendas by Bill Clinton's mentor, Carroll Quigley).

All are available for download at

Ultimately, a proper thought process is the root of the solution - because people who can't think straight are easily led around by the nose...  and they rather enjoy it...  just as Aldous Huxley predicted...

“There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution”

The Ultimate Revolution

BTW the EPA scientists union oppose putting fluoride (flurosilicic acid straight from the phosphate smoke stacks) in the water.

Note that the money definer and creator controlled government wanted to make 4 PPM levels of this toxic waste acceptable.

Harvard came out with a meta study showing that 2.5 PPM was correlated to a 7 point IQ drop and 3.5 PPM was associated with mental retardation going from 3% to over 20%!

Search "harvard fluoride brain children" on Google Scholar and the first link should be a "DOC" file with the relevant study results.

Notice that people like the EPA scientists and myself provide the data behind our conclusions.

Now compare that to bankster controlled media.  They tell you the answer and try to mix it in with highly emotional responses to keep you from realizing TV programming is meant to program you!

Sun, 01/20/2013 - 13:57 | 3170675 FEDbuster
FEDbuster's picture

George Orwell and Aldous Huxley seemed to "get it", too.  Not sure if we will end up with a "1984" or a "Brave New World" or some hybrid matrix of the two, but in the end it's about ending this notion of freedom and liberty and mastering control of the individual through whatever means necessary.

I used to think you could predict the economic future based on what was good for the government, but now it's all about what is good for the TBTF banksters and their corporate goodfellas.

Wed, 01/23/2013 - 06:57 | 3178352 Pseudolus
Pseudolus's picture

Whether Orwell or Huxley very much depends, I think, on how quietly humanity goes along with the scheme...


Sun, 01/20/2013 - 13:47 | 3170662 TacticalTrading
TacticalTrading's picture

Yes but....

When you owe the Banks Billions, that's your problem

When you owe the bank Trillions, that's the banks problem....

Who's zooming who?

Sun, 01/20/2013 - 07:49 | 3170330 Disenchanted
Disenchanted's picture



All Risk No Reward said:


It isn't about "Jews," it is about content of character.  The vast majority of Jews are are victims of money definers and creators - but the money definers and creators love it when people lump them together with a broader group.  They get to hide.


True...but it is those that are hiding behind the broader group that are the first to scream "antisemite" when their policies, plans, and agendas are questioned or criticized. The world's most powerful "Debt Money Tyrants - the definers and creators of money" hide behind the skirts of Judaism(racial and religious) even though they are not even of true semitic origin.

Why do you think Eustace Mullins was immediately labeled as an 'antisemite' when his book Secrets of the Federal Reserve came out?


"Americans love their captivity. There's no responsibility. When you're a captive, you don't have to make a decision about anything, though you have no Liberty. People don't want Liberty. Liberty is nothing but uncertainty. It's much easier to have someone tell you where you'll be, what you'll do and who you'll pay tomorrow than to worry about it yourself. The same goes for what you think." — Eustace Mullins


From two Amazon reviews of the book:


I find it humorous that some reviewers refer to this book as antisemitic. A Jewish psychiatrist I loaned this book to, considered it one of the most important books he had ever read and ordered a copy for himself. Although a Jew, he didn't say one word about it being anti-semitic. Yes, the content is shocking, at least to the typical brainwashed American who rarely tries to escape the imprisonment of his onerous indoctrination. I have over 6,000 books in my library which is much better than the libraries of the several little schools I taught in and consider this book one of the most important in my library. This book is a primary source from which I can write my book on bankers.


Having read this book, in the beginning of my quest for truth about History, I was blown away by his sourcing and level of detail, and by the confidence i was able to have in his information.


The few cries of " anti-semite" shown here must either be 1) "seeds" attempting to discredit this damaging information, or
2) Members of the "neo-empathetic" movement we have seen rise lately, where folks not even under the alledged umbrella of the group alledgedly offended become offened on the behalf of those the suppose would be offended.


Being Jewish, and close to several Jews that seek similar knowledge, we are NOT offended, nor believe their to be any anti semitism here. We do believe this to be one of the best efforts to date to raise the collective consciousness of this world. Actually, we are all pretty surprised this book hasn't been bannished, or burned, by the real anti-semites in this world. We beg of you, if this matter interests you, to PLEASE read this, and , pass it on.

Fri, 01/18/2013 - 19:21 | 3167834 blu
blu's picture

Beyond here there be monsters.

Fri, 01/18/2013 - 21:07 | 3168066 NuckingFuts
NuckingFuts's picture

You got that right brother/sister!

Fri, 01/18/2013 - 21:30 | 3168115 WmMcK
WmMcK's picture

Abandon all hope, ye who enter here.

Fri, 01/18/2013 - 22:41 | 3168242 erg
erg's picture

Speak, friend, and enter...the mines.

Sat, 01/19/2013 - 03:18 | 3168517 prains
prains's picture

from here to the depths is nothing but pain my friend

Sat, 01/19/2013 - 12:28 | 3168803 Ctrl_P
Ctrl_P's picture

No fooling you--


It's turtles all the way down.

Fri, 01/18/2013 - 19:34 | 3167862 Quinvarius
Quinvarius's picture

Priced in GOLD, the dollar bubble is actually bigger than South Sea and Tulips put together.

Sat, 01/19/2013 - 09:33 | 3168638 GetZeeGold
GetZeeGold's picture



Cool thing about's not priced in......yet.

Fri, 01/18/2013 - 18:49 | 3167763 BKbroiler
BKbroiler's picture

trying to call a top has ruined many a man.  This is going to be PAINFULLY slow and it's far from reaching the breaking point.  sit back, roll one, keep your powder dry and wait.

Fri, 01/18/2013 - 19:37 | 3167868 blu
blu's picture

One thing you can count on, TPTB will keep this freak of nature inflated and bouncing along for as long as they possibly can.

They will move mountains. They will part seas. They will summon winged demons from Hell. They will call the names of the forgotten gods of lost civilizations and spill virgin blood upon their pagan altars cracked with ancient thirst.

Anything. And everything. To. Keep. It. Running.

It will be epic. Their gyrations and prestigitations. Their black art and magic. It will defy anything any race of men have attempted in any epoch of human endeavor in all the long, unwinding pages of our fabled history.

Gods & Stars we are so fortunate. In a sickening way like Adam leaving Eden we are lucky to have seen it even in loss. What we witness next might be the last vision of greatness any group of humans may ever behold, but it will be no less great for being the last.

There, I have tried to encompass this in words. I have failed utterly of course, for words must fail. But put it to music and have David Spielberg direct it with a budget of $5B and maybe you'll get a little closer to the truly transcending failure we are shortly condemned to endure.

Fri, 01/18/2013 - 20:09 | 3167931 BKbroiler
BKbroiler's picture

There, I have tried to encompass this in words. I have failed utterly of course

actually I think you did pretty well. invoking revelations and all.. 

Sat, 01/19/2013 - 09:58 | 3168654 GetZeeGold
GetZeeGold's picture



It will be epic.


Note to self.....pack a lunch.

Sat, 01/19/2013 - 16:26 | 3169344 FEDbuster
FEDbuster's picture

In mylar bags packed in five gallon pails.

Fri, 01/18/2013 - 21:01 | 3168054 bobert
bobert's picture



you're good

Fri, 01/18/2013 - 21:11 | 3168074 NuckingFuts
NuckingFuts's picture


Sat, 01/19/2013 - 01:36 | 3168441 Go Tribe
Go Tribe's picture

The serpent has a mighty grip.

Sat, 01/19/2013 - 11:57 | 3168770 DaveyJones
DaveyJones's picture


it will run for some people and constipate others. It all depends on pain tolerance 

Sat, 01/19/2013 - 17:05 | 3169441 All Risk No Reward
All Risk No Reward's picture

The Debt Money Tyrants are not interested in keeping the current system running.  They are interested in controlling society - and that means conveying the wealth of the citizenry to their corporate fronts.

"New World Order" is just a name...  like "Patriot Act" and "Affordable Care Act."

There is nothing new about "New World Order."  It is just better packaged feudalism for the Debt Money Tyrants and serfdom for their victims.

Debt Money Tyranny

Put another way, If I (Debt Money Tyrant) lend you (Society) $20 @ 5% interest, you will owe me $21 in 1 year.

Do you see the problem?  How much money did I create and give to you?  $20.  But you owe me $21 or I turn the Police State on you.

Now, it isn't true the debt can't be paid back.  You can pay me back, but only IF I LET YOU.  You see, I rule this show and you are my subjected to my rule.

I can let you work for me to earn the $1 I accrue in interest so you can pay me $21 ($20 I gave you and $1 I let you earn in a timely manner).

Or you can sell me your stuff, BUT ONLY IF I LET YOU, for $1 in a timely manner to pay me the $21.

Or I can create another $20 that makes the first $20 easier to pay off BUT EXPONENTIALLY GROWS THE DEBT PROBLEM so obvious when just one $20 bill is issued.

Oh, and for all those people who think our rulers (Machiavellian for the time being) are stupid, do you know what a "bailout" is?

A bailout is when I create $20, stick it in my back pocket and then charge you the full $21 after one year WHEN YOU RECEIVED NOTHING TO BEGIN WITH!

Ladies and gentlement, stand in awe of the finest implementation of the Art of War the world has ever seen.

Some take-aways...

1. Money is debt, debt is money.  One person's monetary wealth is someone else's unpayable, interest bearing debt.

2. The richer the bailout insiders get, the more indebt everyone else.

3. The debt based monetary system is the biggest hoax and fraud ever played on anyone in human history - it's all fraud.

Cenk mocked Alex for believing in a conspiracy where a few people sat around the table in a smoke filled room and decide the fate of the world.

Cenk, isn't that EXACTLY what happened at Jekyll Island?

But Cenk isn't "illuminated."  His "light" isn't on. 

Daniel Boorstin once said, ""The greatest obstacle to discovery is not ignorance, it is the illusion of knowledge."

He doesn't understand how debt based money is essentially a "Debt Star" that systematically and covertly asset strips and impoverishes an entire world.

Oh, and what group doesn't allow debt based money?

Muslims.  But once al Qaeda is financed by the Debt Money Tyrants to over run places like Libya, a central bank is set up to issue enforce Debt Money Tyranny onto the populace.

This isn't conspiracy theory, this is CONSPIRACY FACT.

Research "Jekyll Island" for more information.

Also read Quigley's "Tragedy and Hope" and a much shorter book by other aurthors entitled "None Dare Call it Conspiracy."

Both books are available for download at

Another excellent resource is The Ultimate History Lesson with JOhn Taylor Gatto (free on youtube) and and Trivium Binder ( search it - sorry, google is evil).

Fri, 01/18/2013 - 20:26 | 3167982 Top_Kill
Top_Kill's picture

Better yet, keep your powder in pm's so you don't have to worry if it gets wet!

Fri, 01/18/2013 - 21:41 | 3168137 DoChenRollingBearing
DoChenRollingBearing's picture

Dry powder and PMs complement each other nicely.

Sat, 01/19/2013 - 16:28 | 3169349 FEDbuster
FEDbuster's picture

Especially brass, lead and copper.

Fri, 01/18/2013 - 18:46 | 3167755 Snakeeyes
Snakeeyes's picture

Or, no shit Shedlock.

Fri, 01/18/2013 - 18:53 | 3167772 azzhatter
azzhatter's picture

Dammit I thought everything was fixed. I watch CNBC

Fri, 01/18/2013 - 20:11 | 3167939 ebworthen
ebworthen's picture

lol, aye.

Maria "G6" Bartiromo says all we need to do is fix entitlements and push the retirement age to 70 and it will be 1982 all over again.

Fri, 01/18/2013 - 21:03 | 3168057 bobert
bobert's picture

Pushing it to 70 pushes me off the edge.

Fri, 01/18/2013 - 22:39 | 3168237 ZeroAvatar
ZeroAvatar's picture

Long impromptu R.V. villages on Gold Nugget Road, AZ.

Sat, 01/19/2013 - 01:38 | 3168444 Go Tribe
Go Tribe's picture

Can you imagine working with a buncha 70 year olds? The Chinese will eat us alive.

Sat, 01/19/2013 - 11:25 | 3168706 derek_vineyard
derek_vineyard's picture

why does money honey give a frick about retirement.......she gets w/e she wants via old school her networking method to find gross pigs w/ big wallets.  i tink jamie d. is perfect for her.

Fri, 01/18/2013 - 19:01 | 3167793 masterinchancery
masterinchancery's picture

Yes, well duh!

Fri, 01/18/2013 - 19:37 | 3167869 Randall Cabot
Randall Cabot's picture

"We Are Living In The Middle Of The Biggest Bubble In History."

Is he saying we're only halfway through it?

Fri, 01/18/2013 - 21:27 | 3168109 WmMcK
WmMcK's picture

A dog can only run halfway into the woods ...

Fri, 01/18/2013 - 23:14 | 3168301 hidingfromhelis
hidingfromhelis's picture

Since bears shit in the woods, I guess we're in the middle of the shit.  

Sat, 01/19/2013 - 16:30 | 3169358 FEDbuster
FEDbuster's picture

Heading for the shit abyss.

Fri, 01/18/2013 - 20:08 | 3167905 TWSceptic
TWSceptic's picture

Just because you woke up from the Matrix doesn't mean people should stop talking about it. What about showing some respect for people who understood all this long before you did.

Fri, 02/15/2013 - 03:18 | 3245622 Freaking Heck
Freaking Heck's picture

Doug says it like it needs saying. Love his philosophy. here is another recent one with him on "the virtues of capitalism"

Fri, 01/18/2013 - 18:52 | 3167766 Snakeeyes
Snakeeyes's picture

We never really got over the housing bubble, and now The Fed is propping up a mega bubble of ALL assets.

Queue the Shirley Bassey song "Goldfinger."

Fri, 01/18/2013 - 18:00 | 3167613 localsavage
localsavage's picture

Tungsten Standard > Gold Standard

Fri, 01/18/2013 - 18:17 | 3167679 kliguy38
kliguy38's picture

Of course they are keenly aware of the tungsten problem....and it will not surface again. The lack of unallocated gold is now the only issue and cannot be adjusted. If you believe its just going to "go away" with manipulation then you don't understand the intricacies of the Currency Wars. Gold is at the heart of the problem and it is the Achilles heal of the Ponzi. But here is what is going to disturb you the most. Three guesses who has control of the bulk of the bullion? That's guessed it. When the time is right they will reset.

Fri, 01/18/2013 - 18:57 | 3167784 savagegoose
savagegoose's picture

oh you mean the bankers? fuck this shit. ill work for hash  not gold.

Fri, 01/18/2013 - 19:10 | 3167810 Tango in the Blight
Tango in the Blight's picture

The Rothschilds and their ilk having more than half the world's gold supply (which of course doesn't show up in any statistic)? Maybe a gold standard is just what they want as the Golden Rule states: "He who has the most gold rules."

Fri, 01/18/2013 - 19:35 | 3167865 gdogus erectus
gdogus erectus's picture

Exactly. That they will take out so many banks at the same time as wiping out so many savers who don't own gold is but a bonus. Will distract most of us into thinking the bad guys got taken out too. No- just a few of their lieutenants. The cochroaches will be back behind some new gold backed central bank. This is why I like silver better. I think it's their Achilles heel since they don't have much of it.

Sat, 01/19/2013 - 07:46 | 3168590 Inthemix96
Inthemix96's picture


The amount of folk now, in real time thanks to this cursed interweb, who know all about the rothchilds, rockefellors etc etc.  And increasing at an exponential rate daily?

Sorry mate, the genie is well and truly out the bottle.  We go down?  I can give you a cast in iron guarantee that they come with us, not for all the fucking gold in the world do they come before my kids, and a whole load of other folk are well aware of this.  This jig is up, (almost), and if we go, they go.

There are no winners here mate, none at all.

Sat, 01/19/2013 - 16:47 | 3169405 FEDbuster
FEDbuster's picture

That is why right now they don't care about your gold or silver, they want your guns and ammo.  Then they will take away your food, they always do.  When you are hungry and defenseless (offenseless?), then they will trade for or take your gold, silver and whatever else they want.  

Fri, 01/18/2013 - 18:25 | 3167704 Harbanger
Harbanger's picture

The manipulation of the paper markets is coming to an end folks! This is your last opportunity to buy physical assets. If you don't, you will regret it for the rest of your life.

Sat, 01/19/2013 - 09:41 | 3168642 AllWorkedUp
AllWorkedUp's picture

Agree with you about physical, but what makes you think the manipulation will end anytime soon? Seems to me they are getting better and more blatant at it. They used to fight it every $10, now they are able to fight it every $2 up. The algo's seem to have this thing wired.

 Probably the most frustrating market to watch of any in history.

Fri, 01/18/2013 - 19:05 | 3167802 DCFusor
DCFusor's picture

The "eye of the financial hurricane" phrase was coined by Todd Harrison years ago, FWIW.

Fri, 01/18/2013 - 20:12 | 3167944 ebworthen
ebworthen's picture

Todd's been a bit of a sell out since 2009.

Fri, 01/18/2013 - 19:54 | 3167895 TWSceptic
TWSceptic's picture

It will just keep on growing.

We learned differently in Europe.

Sat, 01/19/2013 - 12:52 | 3168821 cranky-old-geezer
cranky-old-geezer's picture



Yes, but what KIND of bubble? 

Last decade it was housing.  Banks pouring cheap (printed) money into mortgages with lending standards stripped away by govt edict, give a mortgage to anyone, doesn't matter who they are.

It was a bank-led bubble.  Banks providing the cheap money, and it poured into the economy, Main Street.

Then in '07 Fed started raising interest rates, topping out around 6% by '08.  It was a key factor in the '08 housing bust.   Fed doing its "pump & dump" routine.  Pump the bubble up with low interest rates then raise 'em suddenly and watch the dump happen, exactly what we saw in '08.

This bubble we're in now isn't a bank-led bubble.  Banks aren't pouring money into Main Street now.  Private sector lending has nearly been choked off completely.

This bubble is a Fed-led bubble.  Fed pouring (printed) money into Wall Street, not Main Street.   Helping Wall Street not only recover, but go way beyond, making enormous profits, paying bigger bonuses than ever.

While Main Street just sorta collapses.  While the economy just sorta collapses.  Not that they care. 

This isn't a bubble in the classical sense.  It's not helping the economy. 

It's more like looting.  Looting the economy.  Draining wealth out of the economy, giving it to Wall Street.  That's not a bubble. It's looting. They're looting the economy now.

We've never seen a "bubble" like this.   Fed  never has done anything like this.  We've never seen TARP and LSAP and POMO and QE before.  We've never seen Fed buying hundreds of billions of dollars of worthless trash securities before, paying full price for 'em.

This isn't just another bubble.  It's the LAST bubble.  The end-game bubble.  Fed knows we're approaching currency collapse, and they're looting all the wealth out of the economy they can, giving it to their Wall Street banker masters of course, and some to the govt for playing long.

That's the important point.  This is the LAST bubble before the US dollar collapses.  The final looting of the economy before it all comes down.

Sat, 01/19/2013 - 17:30 | 3169494 FEDbuster
FEDbuster's picture

What do they gain by crashing the system?  Do they end up with all the money and properties like the end of a good Monopoly game?  Right now they have money, power, every material desire, they are above the law, etc... What do they gain by riots, starvation, martial law, mayhem, etc...?  

Did George Carlin answer this question for us already?

Fri, 01/18/2013 - 17:55 | 3167591 Motorhead
Motorhead's picture

Doug Casey, bitchez!

Fri, 01/18/2013 - 17:56 | 3167595 hairball48
hairball48's picture

Casey will have the last laugh.

Fri, 01/18/2013 - 17:58 | 3167603 Triple A
Triple A's picture

i know what is not in a bubble, it is housing prices. "I am long anything US housing"-Kyle Bass

Fri, 01/18/2013 - 19:19 | 3167826 Calmyourself
Calmyourself's picture

Approximate date of the Bass housing quote, please?

Fri, 01/18/2013 - 20:02 | 3167913 Squid Vicious
Squid Vicious's picture

today on CNBS

Fri, 01/18/2013 - 20:08 | 3167930 Calmyourself
Calmyourself's picture

No Shit... Incomes cannot support the price of housing and their is massive shadow inventory still being processed..  Wow, wish I had watched that interview...

Fri, 01/18/2013 - 20:35 | 3168001 fonzannoon
fonzannoon's picture

kyle is all in. all the shit he shorted, he now owns.

Fri, 01/18/2013 - 20:47 | 3168026 gjp
gjp's picture

Just another cog in the bubble, Kyle is, going on about the rest of the world's problems, all in on the American/Anglo financial pillage of the world

Sat, 01/19/2013 - 13:02 | 3168888 cranky-old-geezer
cranky-old-geezer's picture



Earth to KB:  Housing isn't coming back.  Forget it.


Fri, 01/18/2013 - 20:36 | 3168002 Harbanger
Fri, 01/18/2013 - 23:20 | 3168315 Calmyourself
Calmyourself's picture

Thanks harbanger, my google fu is weak today, but whiskey is still strong..  Could be related I suppose..

Fri, 01/18/2013 - 17:59 | 3167606 Pairadimes
Pairadimes's picture

Who the hell are banks going to start lending to again? There literally is no collateral left (well, there is, but its not coming out of my safe).

Fri, 01/18/2013 - 18:13 | 3167664 NotApplicable
NotApplicable's picture

Which is funny, because no bank I know of would consider it collateral. I tried once with a jeweler who was always advertising loans against jewelry/coins, but would only beat rates given by pawn shops, which in his words, "are my only competition." This was even after only being willing to loan 60% of current market price (which I was okay with).

I laughed at him and told him he really must not want to earn risk free income for a reasonable fee if he was going to try and leverage my need to that extent, just because he could.

Fri, 01/18/2013 - 18:42 | 3167748 Dr. Richard Head
Dr. Richard Head's picture

How about collateralized car equity and associated default swaps and derivatives. Can't make this shit up - see if for yourself

Fri, 01/18/2013 - 19:39 | 3167874 gdogus erectus
gdogus erectus's picture

Maybe they don't plan on lending again. Maybe they are going to use all these massive excess reserves to buy up all these shadow inventory homes for pennies on the dollar when banking holidays cause another 50% drop in housing prices?

Fri, 01/18/2013 - 18:00 | 3167614 docmac324
docmac324's picture


Fri, 01/18/2013 - 18:44 | 3167751 CaptainSpaulding
CaptainSpaulding's picture

You mean BTFT

Fri, 01/18/2013 - 18:01 | 3167617 max2205
max2205's picture

Tear down this wall of worry.  Its fucking real!

Fri, 01/18/2013 - 18:02 | 3167618 Seasmoke
Seasmoke's picture

Collapsing Upwards.......MEMORIZE IT !

Fri, 01/18/2013 - 18:06 | 3167634 h0oS
h0oS's picture

Stock markets at 2008 levels, gold being repatriated, more countries than ever establishing bilateral non dollar transactions, western block starting new wars in Africa, governments printing money knowing they are going out of business. Honestly, how stupid do you have to be not to hedge against this mess.

The Sikh leaders of post independence India had a saying for summing up their turmoil, "The Hindus saw trouble on the horizon, the muslims the day before it arrived, the Sikhs saw the mayhem only once it had passed over them".

Fri, 01/18/2013 - 18:17 | 3167677 NotApplicable
NotApplicable's picture

Just think of when all of those petrodollars repatriate. Benron will have to steal them all in order to stem off the inevitable hyper-inflation that will ensue once people see their purchasing power diminish in real time.

Then again, there may be no markets left by that time...

Fri, 01/18/2013 - 18:26 | 3167714 Tinky
Tinky's picture

"Honestly, how stupid do you have to be not to hedge against this mess."

As stupid as the average American, apparently. Good quote, by the way.

Fri, 01/18/2013 - 20:22 | 3167971 dirtbagger
dirtbagger's picture

Well damn - listened to the Mayans and lost everything shorting the 2012 collapse.  Nothing left to bet on the 2013 collapse

Fri, 01/18/2013 - 18:09 | 3167641 Sudden Debt
Sudden Debt's picture

it's just money.
and when it pops, we'll just start over.

Fri, 01/18/2013 - 18:16 | 3167675 spinone
spinone's picture

Exactly.  There have been several "dollars" in use in the US over the years.

And we are on the 3rd central bank.  Life goes on.

Fri, 01/18/2013 - 18:29 | 3167723 Carl Spackler
Carl Spackler's picture

Yes, we have the 3rd central bank.

But when that implodes, the better news will be that we have the 1st military...which is why the petro-dollars will repatriate instead of the commodities and resources being extracted for overseas consumption.

Those with more pistols will get more pesos.

Fri, 01/18/2013 - 18:50 | 3167764 Rusty Shorts
Rusty Shorts's picture

but..but, I thought the Federal Reserve's 99 year charter expired last year???

Fri, 01/18/2013 - 18:54 | 3167773 Rusty Shorts
Rusty Shorts's picture

"could it be mere coincidence that the 99 year lease of the FED ends EXACTLY on 12/21/2012"?


Did the World really end on 12/21/2012???

Fri, 01/18/2013 - 19:25 | 3167840 reTARD
reTARD's picture

But, but, but don't we just keep going around passing Go and collecting $200?

Fri, 01/18/2013 - 18:11 | 3167659 bugs_
bugs_'s picture

The Pundit Bubble?

Fri, 01/18/2013 - 18:18 | 3167676 Number 156
Number 156's picture

The so called "apparency of prosperity" is just a confidence game. They all collapse in due time, and this one will be the mother of all collapses.

Welcome to Dark Ages 2.0 The new age of serfdom is well under way as it happened when Diocletian was Emperor of Rome.


Fri, 01/18/2013 - 18:18 | 3167684 NotApplicable
NotApplicable's picture

Except this time, the Goths will be known as the Progressives.

Fri, 01/18/2013 - 18:27 | 3167715 Number 156
Number 156's picture

..And the Keynesians will be extinct because they would have run out of spending money.

Fri, 01/18/2013 - 18:33 | 3167729 Carl Spackler
Carl Spackler's picture

That day will be noted as a step forward for humanity.

Fri, 01/18/2013 - 18:21 | 3167695 drink or die
drink or die's picture

Diversify out of paper and into popcorn and buckshot, bitches.

Fri, 01/18/2013 - 18:22 | 3167698 Zola
Zola's picture

This article should be required reading and on ZH front page ! Mongols were WAAAAYYY smarter than Americans !!

Fri, 01/18/2013 - 18:25 | 3167712 h0oS
h0oS's picture

Diocletian was a pretty good emperor, as emperors go. Heck if I could abdicate and grow cabbages in my own palace after unifying the empire I'd be happy with that. The Dark Ages (if they really were all that Dark) were ushered in by the idiots that grabbed power after his reign.

Fri, 01/18/2013 - 18:42 | 3167747 Number 156
Number 156's picture

Yeah, he wasnt too bad, except the the wealth of the empire was fading, and he tried to tax his way out of it.

Sound familliar?

Fri, 01/18/2013 - 18:27 | 3167719 Siegfried
Siegfried's picture

You predict the end of the world 10 times a day and crashes 3 times a day. I am always alive and I make money in stock exchange. What to ask of better? To shout too much in the wolf we lose any credibility.

Fri, 01/18/2013 - 18:39 | 3167741 Number 156
Number 156's picture



Harry Randall Truman
Born    October 30, 1896
Ivydale, Clay County, West Virginia

Died    May 18, 1980 (aged 83)
Mount St. Helens, Washington

- He was warned.

Fri, 01/18/2013 - 18:39 | 3167744 drink or die
drink or die's picture

Perhaps this chart will help answer your question:

Fri, 01/18/2013 - 18:36 | 3167734 Mr. Hudson
Mr. Hudson's picture

We will all be starving, running around naked, looking for gold.

Fri, 01/18/2013 - 18:45 | 3167752 Falconsixone
Falconsixone's picture

Speaking of false siege. There needs to be real siege of all government and banks world wide until they come out and face their makers.

Fri, 01/18/2013 - 18:47 | 3167758 PUD
PUD's picture


“In the last 50 years there has been a 16-fold increase in ozone pollution” in the Beijing area, said Hanqin Tian of Auburn University in Alabama, who studies the effects of China's pollution and climate change on plants. He said the soup of pollutants, including harmful sulfur and nitrogen compounds “is definitely expanding into new areas; into the countryside.”

Ozone is particularly harmful to plants because it damages the pores on leaves, called stomata, which plants use to regulate how much water transpires from the leaves. That, in turn, affects how much water a plant must take up through its roots. Changes in water uptake by plants have been documented in other parts of the world, including the United States, as having major impacts on regional groundwater and surface water supplies.

“So you could affect the water cycle,” said Hanqin Tian. That's probably not such a good thing in a changing climate and in northern China, where droughts have become a chronic problem, he explained.

The ozone pollution in this case is not the naturally occurring ozone layer up in the stratosphere, which protects Earth's surface from ultraviolet radiation. Rather, it's an entirely man-made byproduct of internal combustion engines in cars.

BLOG: Do Fewer Trees Mean More Death?

In studies of the long-term productivity of plants, Tian Hanqin and some of his colleagues show that ozone pollution, along with climate change, has been lowering plant productivity in China, which reduces the amount of carbon and other pollutants that the plants can absorb to combat all the emissions from the burning of fossil fuels.

The worst effects on plants are likely to be in areas where the growing pollution problem is just fairly new, said Arthur Chappelka, also a plant researcher at Auburn University. Some plants are more resistant to pollutants than others, he said, and the plants that are living today in long-polluted urban areas are likely to be only those that are very pollution tolerant.

Away from the cities, however, where crops are needed to feed China's vast population, the effects of the growing pollution on crops is a significant concern.

“In some ways it affects the crop production and food security of China,” said Hanqin Tian. “Air quality is really important for human health, plants and ecosystem and sustainability."

The problem is bound to get worse as China continues to develop economically, he said, and so he and other researchers continue to urge the Chinese government to take action to reduce emissions from cars and industries.

Fri, 01/18/2013 - 19:10 | 3167809 NuckingFuts
NuckingFuts's picture

History shows again and again how nature points out the folly of man.

Fri, 01/18/2013 - 20:34 | 3167857 Aurora Ex Machina
Aurora Ex Machina's picture

Already priced in.

Asked on the benefits of cooperation between the two countries, the minister said that under cooperation agreements between China and Madagascar, Madagascar has benefited in infrastructure, agriculture, health, education, culture and hospitality, as well as loans and grants for several projects to build infrastructures and facilities.

On the prospects and achievements of cooperation between the two countries, Rajaonarivelo expressed his hope on the continuity and strengthening of diplomatic relationships and economic, technical, military and cultural cooperation, the continuation of sending Chinese medical team in Madagascar, and building capacity for Malagasy technicians in China. [source]

Put another way: everyone has already put their pieces on the table for the agri-rush of 2014 - 2020. Sadly, China's pieces are economic & manpower; the West's are extractive & drones. Or, put another way: why in the fuck has Mali "gone South", when the World Bank / IMF has been all over it for years? Answer: extractive economics. The Tuaregs aren't operating in a vacuum, and there's plenty of dissent in Mali over the IMF policies & lack of sharing (oh, but that was before the AlQuaeds from Lybia and Algeria came along, wasn't it?), but I suppose we'll just add another ethnic group into the grinder under the blanket phrase of "Jihadists" when we sweep past into Northern Nigeria, won't we? Say what you want about the Chinese, but at least they build shit (even if they're using their own labour etc as a GDP booster or it's more empty cities). Note: we did catch the nice note in the Mali BBC coverage tonight that filmed the "Friendship bridge", and never mentioned who built it. More bullshit *wink* *wink* *nudge* *nudge* for the crossword classes.


Oh, and on topic: look up how long it took the USA to clean up its act from the excesses of 1950-1970 industrial boom[1]. Nixon put the EPA on the table, remember, and it worked. Also see the solution to the dust bowl (and other great engineering projects): NRCS - bottom line that once you've removed the old growth ecosystems (which you shouldn't, as you need 1,000+ years of complexity for nice stuff, and permanently removing DNA that has spent millions of years perfecting solutions to problems that you might have is fucking Darwin award level behaviour, but let's deal with the situation we've got), fixing them back into lesser but semi-complex state ecologies can be done. Tarmac don't count, wunderkind.

What I really hear over the trumpeting of "EPA is bad for business" or "Climate Change doesn't exist", is pessimistic fear, doom and bullshit; I hear nothing more than the ignorance of a once great engineering and scientific nation. Look up the Mississippi modelling done in the 194/50's with scale models. Think what you could be doing now, if you weren't mired in ignorance, ineptitude and religious twaddle.

At some point everyone should really look at the hundreds of thousands of WalMarts, strip malls and decaying suburbs from Detroit to LA, and think: is this really the best we can do?


Answer, it isn't. Next question: how the hell do you get back in the saddle, cowboys (and girls)? Hint: it ain't the Koch brothers or the WalMart family going to help you to do it.



[1] Ignoring water tables over fracking & killing off EPA is insanity btw. Nixon was no shrinking violet, nor a "socialist", ffs. Neither was Kissinger.

Fri, 01/18/2013 - 21:35 | 3168125 NuckingFuts
NuckingFuts's picture

+1 for sanity on environmental issues.

Fri, 01/18/2013 - 22:25 | 3168198 Aurora Ex Machina
Aurora Ex Machina's picture

I'm 100% honest, so hey:

This is the level of sanity that can save the current readership of ZH from disaster, and indeed (and more importantly) make them help out in the now of the crisis. i.e. The level which correlates with the average user's ideology and can help them fix the malaise of current USA problems and environmental crash, while still allowing them to remain true to their core ideology.

This is not dishonest; this is (unlike Fox News etc etc) a solution to the problems arising, while remaining true to the average ZH user's sociological background. I'm not here to convert, nor sell, nor soap-box. I will, however, present 100% truthful information in a way that I think a large % of ZH viewers can digest. That's it. All of this is within the American Ideological Position of [a certain % of] ZH readers, but:

They never, ever, ever, get to hear it anymore.

The MSM is either lies or is bollocks about how EBT is good or fear or whatever; and these people are too smart for it.

And this goes for the money cynical as well. Make enough money, you're only ever hearing about the Benjamins, and no worries about the world that allows the benjamins to exist.


When was the last real time you heard someone say: "You know what, fuck all this hysteria, let's get down and fix this shit"?


I will never lie. I will never twist facts. I will never present bad sources (well, ok - all MSM sources are tainted, but hey, I'll give you warning). I will never seek to convert. I'm here to widen the discourse. Opinions? Sure! But: I have an absolute respect for all others, and hey ~ when people tell me I'm a muppet, they're probably right, but I will ask why. I'm here to remind them that there's other ways out there, perfectly normal, that are never featured on MSM or Conspiracy sites etc.


Bottom line: the real money makers of the USA are getting fucked, totally, by bigger fish. And most of the available resources to get information are either owned by the big six, or run by loopy fucktards sponsored by the CIA.



My own personal view is somewhat different. Ask me that, and you'd better get Tip E Canoe on the line ;)

Fri, 01/18/2013 - 18:52 | 3167767 falak pema
falak pema's picture

gold bugs and obssession.

Is gold the be all of life or the ultimate hedge against the fiat bubble?

The two are incompatible. As the first makes gold into a god that refuses to be exploited for the needs of commerce.

"Hoard me ,worship me but never trade me!" So says Chrysus of Gold. 'I am God and I am to be treasured for evermorei"

"Trade me, whore me, adore me but spend me like your semen" says Messalina of gold barter trade.

Choose gold bugs! Its either Chrysus or its Messalina.

Fri, 01/18/2013 - 18:59 | 3167787 PUD
PUD's picture

you can't eat gold, governments can and have stolen your gold. it is a mineral...a rock...every bit a fiat currency supported by faith as the dollar. if you can't eat it, drink it, cover your back with it, it's only worth what the next greater fool says it's worth

Fri, 01/18/2013 - 19:24 | 3167820 Rogue Trooper
Rogue Trooper's picture

PUD.. your first sentence is true.  The rest bullshit.  Did you listen to the podcast? I doubt it you just felt the need to post your tripe on impluse?

Diversify, including gold storage outside your jurisdiction, keep some physical, food and most importantly LEAD.

If you have not got a get out of dodge plan then don't wait until the last minute - you need a Plan B.

Slightly off topic but a possible vision of NY when the EBT cards either stop working or just can't buy any useful shit.... I am sure Bloomberg will be on the first Chopper.

Fri, 01/18/2013 - 19:45 | 3167881 PUD
PUD's picture

Yes I listened to it. I listen to everyone. However, I do not need the opinion of another for me to know rational truth. Gold like paper money is only as valuable as the next person says it is. As money it is no more valuable as wampum or tally sticks were. All money is confidence or lack thereof and that includes gold. The fact that people have equated gold with value for thousands of years has no relevance now. In an age of scarcity which we are entering at light speed, the only things of true value are those things that actually sustain life. Everything else is a temporary contrivance. You can sit on your pile of gold but when the system breaks down it will be worthless. Likewise your many gunfights do you think you will win? Everything talked about here is pointless from a biological perspective. When the earth can no longer sustain homo sapiens we will go the way of the dodo without a single tear shed.

Fri, 01/18/2013 - 21:11 | 3168073 Sparkey
Sparkey's picture

Good for you Pud, a succinct explaination which goes to the heart of the emotional reaction to gold, Money only lives in the minds of men, and money, (The currency of exchange) is what people agree it is, nothing is money save people think it is.

To expound further, since I now have the floor, we creatures inhabit two Worlds simultaneously, the older, and primary, being our bodies, our bodies created and controlled my nature through the commands of instinct, and the second, the one which exists in our consciousness, this, the second, is where our ideas of God, money, Nation etc. exist and have no existence beyond our minds, what did Dinosaurs think about? Your predjudice says nothing, but really, how do you know? Eternity is for ever, on the scale of forever everything eventually becomes too small to measure.

Fri, 01/18/2013 - 23:55 | 3168361 Acidtest Dummy
Acidtest Dummy's picture

But I bet that dinosaurs loved eating gold! RAWR!


Sat, 01/19/2013 - 00:15 | 3168370 Rogue Trooper
Rogue Trooper's picture

Thoughtful reply PUD.  Appreciate the time you have taken to provide another perspective. That is truly the value of ZH..... one should always question ones own thinking.  I for one do not see a true 'Madmax' dystopia has you are perhaps suggesting.  On the other hand I also do not discount the possibility.  Should that be the case then neither a hoard of Gold nor guns & ammo for that matter will be of much use in the end.

I guess we can only wait and see how this plays out.

Keep challenging. Last thing we need here is group think!

Fri, 01/18/2013 - 19:50 | 3167888 PUD
PUD's picture

Also...there is no place to go. Those without will hunt you down, others with guns will shoot back for your last can of spam. You will have to sleep. You will get a tooth infection and there will be no treatment and you will die no matter how big your stash is. And when all the worlds nuclear plants melt down after the last worker has fled to his bug out retreat the entire planet will be uninhabitable. There is no way out. There is no fix. There is no escape, no safe havens, no safe asset. When it all goes so too do all of us...all of us

Fri, 01/18/2013 - 20:22 | 3167972 Calmyourself
Calmyourself's picture

Umm, you don't get laid a lot do you? That is a bit of a buzzkill for a Friday night and frankly bullshit.  The worst scenario kills many of us, all of us, don't think so that is just an algorasm your having it will pass.  Up the meds son.

Fri, 01/18/2013 - 21:19 | 3168088 Sparkey
Sparkey's picture

Still correct in all you say! This is the last chance we have to continue, yet we seem incapable of change, as Pud says, we all must die yet, why? For the most part we are still eating, why can't we just slow down a bit and think things through a bit better?

Fri, 01/18/2013 - 19:44 | 3167879 Encroaching Darkness
Encroaching Darkness's picture

" if you can't eat it, drink it, cover your back with it, it's only worth what the next greater fool says it's worth"

Unless, of course, you need a corrosion-resistant electrical contact (say, for circuit boards); a catalyst for certain reactions (not large use, I know, but still...);a new filling in a tooth; a reflective film for glass windows; or...



Fri, 01/18/2013 - 19:58 | 3167906 PUD
PUD's picture

i did not say that gold was does have applications. But in the truest purest biological sense it is useless. Calcium has more importance. Salt has more importance. The "value" of gold is assigned by those who believe it has some value outside of its utility. Should that belief falter then gold will be worth less than salt. Should the system collapse as I and many of you see as will be worth less than salt. Salt can preserve meat gold can't.

Fri, 01/18/2013 - 20:35 | 3168004 Encroaching Darkness
Encroaching Darkness's picture

Just as you say, "i did not say that gold was worthless" ... I do not claim biological benefits (although gold can be biocompatible, but surgical titanium is cheaper (for the moment)); once the system breaks down (and I agree it will, poorly designed, ineptly operated and insufficiently maintained systems ALWAYS break down), other systems will replace them. Perhaps not quickly; perhaps not quickly enough, to suit most people. But let's assume you and I crawl out of our cellars in a decade, and I find you have salt and I have calcium, potassium and boron, which you need. The two of us can do barter, perhaps; but trade runs deep in human DNA as well. Once something starts to reboot trade, will you ever again take paper money? Or will you insist on a material that cannot be printed, inflated, deflated or depreciated to store your hard-earned wealth?

Gold has value beyond utility; it can serve as money (it IS money, the only true money, to some) and is universally recognized as divisible, undecaying, self-similar and so forth (see Aristotle's definition of money). History teaches if we will study it and learn.

Sat, 01/19/2013 - 13:26 | 3168943 cranky-old-geezer
cranky-old-geezer's picture



Why do you (and others) feel the need to bash gold? 

If you feel gold isn't worth your time, ok, fine, ignore it, go invest your money elsewhere.

Your weak "can't eat it" arguments are pretty trivial compared to 5,000 years of human history.

Sat, 01/19/2013 - 15:31 | 3168543 New World Chaos
New World Chaos's picture

Gold has certain uses above all others:  It calls bullshit on the scams and hubris of the central planners.  It helps in crashing rotten systems.  It is a medium for the awakened to transfer their wealth from a doomed system into a new system which respects the rights of the little people.  If humans could keep paper systems honest over time, then gold would be worth a few percent of its current (manipulated) value.  All industrial and scientific uses require only minuscule amounts of gold.

Due to thousands of years of hoarding, the freshly mined annual supply is less than 2% of the aboveground supply.  Therefore the supply/demand curve is highly inelastic, which means that gold is money.  It is money that even the miners cannot "print" at more than 2% per year, which of course is much less than real inflation and real losses on government bonds even before the bubble pops.  The more people who realize this, the higher gold goes, and the inelastic supply/demand curve means there is no fever like gold fever.  Physical gold outside the system is also very hard to steal by legal means.  Now you understand why the puppetmasters simultaneously love gold for their personal stash and hate it for being available to us.

"Because gold is honest money, it is disliked by dishonest men" -Ron Paul

Fri, 01/18/2013 - 18:52 | 3167768 Rogue Trooper
Rogue Trooper's picture

Casey or Krugman?  You decide Bitchez.

To all the newbee TPTB trolls that have started to 'appear' on this sight... Molon Labe!


"Fear Not You Have An M1A"

Fri, 01/18/2013 - 19:04 | 3167801 masterinchancery
masterinchancery's picture

When the next little (or not so little) Ice Age hits, food will be the new gold.

Fri, 01/18/2013 - 19:21 | 3167833 robnume
robnume's picture

Bank lending is going to start up again? I think not. Who the hell has the cajones - or the credit qualifications - to borrow from U.S. banks? Christ, you can't even save anymore, let alone borrow. Buy silver and gold.

Fri, 01/18/2013 - 19:23 | 3167835 Zynga
Zynga's picture

MOAB - Mother of All Bubbles - The GOVERNMENT Bubble

Fri, 01/18/2013 - 19:25 | 3167839 lieto
lieto's picture

Fiat currency in the age of digital printing will make tulips look valuable before its over.

Can't help but think historians are going to look back at it and wonder what the f.... we were thinking.


Fri, 01/18/2013 - 19:33 | 3167842 Monedas
Monedas's picture

Pre-Tungsten Gold Standard  ....  Post-Tungsten Platinum "Super Money" Standard .... Gold IS a relic .... Platinum rules !  Platinum .... Post Perfect Bubble Standard !  Platinum will come in handy when someone wants real money, right now drilling, no assaying .... just displacement dip and weigh ! It might be stipulated .... in the most urgent, serious business deals .... like drugs, weapons, bribes and ransom ? Beware the "Platinum Premium" factor .... when we actually start using PMs in earnest !   Chez Bitchez !     Monedas     1929     Comedy Jihad World Tour

Fri, 01/18/2013 - 21:58 | 3168168 DoChenRollingBearing
DoChenRollingBearing's picture

Au and Pt. Diversification allows you to win either way!

Fri, 01/18/2013 - 19:32 | 3167858 Flakmeister
Flakmeister's picture

There are a more than a few cosmologists also believe that we are living in bubble... And since the universe is expanding, that bubble gets "bigger" every day....

Fri, 01/18/2013 - 19:37 | 3167867 Monedas
Monedas's picture

My cosmotologist and your cosmologist should do lunch .... they can solve the problem of cosmos stretch marks !

Fri, 01/18/2013 - 19:40 | 3167875 Monedas
Monedas's picture

I just hope the "Perfect Bubble" pops .... before this blood bubble in my brain pops !

Fri, 01/18/2013 - 19:50 | 3167884 Monedas
Monedas's picture

The biggest bubble in hysterectomy !    WTF ?  Isn't this the Friday humour thread ?

Fri, 01/18/2013 - 19:55 | 3167894 SmittyinLA
SmittyinLA's picture

We can sell electricity to the state of California to pay off our debts, all powered by a giant fiat paper fired boiler in ElPaso.  

Fri, 01/18/2013 - 19:56 | 3167900 DowTheorist
DowTheorist's picture

While I agree with the fundamentally-based case for a great bubble, I cannot dismiss the technical action of the market.

In Weimar Germany, the world was going almost under but ,second to gold, stocks underwent a bull market.

So while I agree with the assessment, I wouldn't argue with the markets. Don't fight the trend.

Today the "classical" Dow theory flashed a primary bull market signal. So now all three variants of the Dow Theory ("classical/Rhea", Schannep's and Schaefer's) are in agreement as it is explained here

We are in a primary bull market. While we may not agree with the fundamentals, we, as investors, shouldn't fight the market. 



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