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Guest Post: Hope Has Changed - It Died

Tyler Durden's picture


Originally posted at Monty Pelerin's World,

Hope is dying in the US.

The performance of financial markets affects everyone. For savers and investors, these markets represent the means to an improved life, at least as they define it. Savings and wealth provide options and opportunities, the quintessential aspect of being an American. These options and opportunities differentiated an American from someone who was born and destined to die in a hut or remain locked in a societal class from which there was no hope of escape.

Bonds and stocks were the primary means for savings and investments for generations of Americans. When these do not perform up to expectations, lives are changed. Plans and dreams are dashed. College educations, retirements and similar major events are deferred or never happen.

We are twelve years into this new century and Americans are losing their hopes, dreams and aspirations. Hard reality has crushed the optimistic spirit that once drove the country. The first decade rivaled the 1930s in terms of stock market performance. Twice, stock market wealth was halved in this ten-year period. Twelve years in, the S&P 500 has returned a total of 14%. That puny return has not come close to covering the decline in purchasing power of the dollar during the same period. Worse, a generation or two, has lost probably 33% of their wealth-producing years.

College graduates come out of school under-educated and buried in debt. Most cannot find a job commensurate with their education or aspirations. Taxes rise and will accelerate in the future as the federal debt and social promises become more binding. Young people find it difficult to imagine getting out from underneath their student loans or buying a home.

Outcomes in the housing and stock markets have affected millions. Equity in homes has dropped dramatically. Some have lost their homes as a result. Savings and wealth that were reasonably expected based on historical precedents did not materialize.

These outcomes are explained away in terms of markets "underperforming." To speak of housing and stocks as if they are independent entities that suddenly somehow turn bad is to miss what is really happening. Markets" are nothing more than millions of us making individual decisions intended to improve our lives. Markets do not under or overperform. It is people, the millions of buyers and sellers, that drive markets. When markets "underperform" it is because people have "underperformed" or more properly, bought less common stock or fewer homes.

People are acquisitative by nature, wanting more rather than less. When they "underperform" in terms of purchasing decisions it is because they had to. Unlike the federal government, people cannot print money or spend beyond their means, at least for extended periods of time. Eventually they hit budget constraints. That is what is being reflected in stock prices and home values. They are reflecting the lower standard of living of the country.

The feel-good spending of the prior two decades caught up with the American consumer. He was never as rich as he believed. Now, as a result of having to service this debt binge, he is poorer than he should be. That is why markets are underperforming. That and the fact that fewer people have jobs.

A recent article, "You Haven't Made Any Money In The Stock Market This Century," struck a nerve with some readers. Reader Chugar submitted comments that expressed the general sentiment of many (my emboldening added):

I am still in the stock market and hate it daily.


The feeling of it being a wise investment left long ago. I watch the flash crashes, read about HFT, the endless blabber on business shows about "buying opportunities" have grown old.


Since all these talking heads have a vested interest in keeping the game going, if we aren't buying their products they make no commission or their advertisers are not kept happy. It isn't hard to figure out.


With that said we are trapped, for my working career I was told, buy and hold, dump money into the 401k/457/ROTH or Traditional IRA. Not to mention an underfunded pension, which may run out of money before I can even draw.


I lost track of firms and brokerage firms over the years who not only had ethical problems but legal problems. So much for confidence in what appears to be a grand scam run by well-dressed crooks.


My local credit is advertising a 3 year CD for 0.7%... Thanks ZIRP and Mr. Bernanke


I was just reminded I never really own my home with a year end property tax bill.


Taxation,user fees, access fees on and on are coming our way to finance a government that will never get enough, whether its local, state or federal.


Its criminal what is taking place in this country.

The frustration and anger is apparent in these comments. It should be. When one thinks about what has happened, it is difficult not to become angry. The stock market is not the problem. It is merely a scorecard that reflects what is happening to the country. Here are but a few of the factors:

  • Freedom as a concept is praised, while government actions designed to reduce it for ordinary citizens continue.
  • Working longer and harder produces less wealth than was possible for your parents.
  • Living standards will be less for your children and grandchildren than they were for you.
  • Leisure (going on the dole) is now a choice unaccompanied by either shame or hardship.
  • Politicians have made dependency a tool to gain votes and power.
  • As freedom decreases, government becomes increasingly more violent in order to achieve the behavior it demands.
  • Laws are enforced selectively in favor of the political class and their cronies. No bigger rape of justice has ever been committed than the unwillingness to prosecute the banksters, regulators and legislators  responsible for the looting of taxpayers.
  • Government lies with impunity with respect to the true condition of the country. This behavior is obvious with respect to economic statistics but also spills over into all other areas, like personnel decisions.
  • Cover-ups like "Fast and Furious" and Benghazi are ignored by a corrupt and compliant media. Lesser problems (Watergate) were cause for removing a president in simpler more honest times.
  • Government's insatiable spending has decimated the private sector economy. Capital and talent increasingly flee to other countries to avoid economic persecution.
  • Eventually this spending will cause much of the economy and all of the government to collapse. Massive debt defaults, impoverishment and social unrest lie ahead.
  • The phrase "government ethics" is little more than a comedian's tool for generating laughter.
  • The Mafia has far better ethics. It treats its customers better than government. The key word is "customer" which they must attract. Government does not have customers; it has "slaves." That is how government views private enterprice.
  • Compare the payouts on illegal gambling to those of government sanctioned lotteries for a simple comparison between the two methods of organized crime. You do much better dealing with the Mafia.

The country's financial condition is deplorable and cannot continue much longer. So, too is virtually everything else the government has touched whether it be education, Amtrak, the post office, Social Security, Medicare, ad nauseum. Nothing government has done has not been a Ponzi scheme dependent upon additional theft from taxpayers to keep going.

The system is now broken. There is no one to blame for this other than government. Despite this obvious conclusion, government is still seen to be a savior by a large proportion of the country.


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Mon, 01/28/2013 - 11:03 | 3191220 GetZeeGold
GetZeeGold's picture



Through me you pass into the city of woe:
Through me you pass into eternal pain:
Through me among the people lost for aye.

Justice the founder of my fabric mov'd:
To rear me was the task of power divine,
Supremest wisdom, and primeval love.

Before me things create were none, save things
Eternal, and eternal I endure.
All hope abandon ye who enter here.

Such characters in colour dim I mark'd
Over a portal's lofty arch inscrib'd:
Whereat I thus: Master, these words import.

Dante Alighieri

Mon, 01/28/2013 - 11:09 | 3191247 brockhardman
brockhardman's picture

Unfortunately, the people who need to be reading this article are not smart enough to keep up with ZeroHedge.  What we need is for someone to interpret it for them.  Maybe if we say the gubment says it, they will make an effort.  </pipedream>

Mon, 01/28/2013 - 11:29 | 3191319 Zer0head
Zer0head's picture

author says: "The system is now broken. There is no one to blame for this other than government"


Sorry but .gov got its power from somewhere. While I  agree there is now no turning back, there was a time in our not too distant past when we the people actually made a choice. See Banzai's next post and think about Frau Hilda und Herr Gunter in the winter of '33.

Mon, 01/28/2013 - 11:37 | 3191339 trav777
trav777's picture

stupid fking article...Amtrak turns a profit.  Yeah, with its 80 year old infrastructure and 40 year old rolling stock, the NE corridor earns a ton of money and has 3/4 of the NY/DC traffic.

They have starved Amtrak for decades while funding the hell (subsidizing) out of car and plane traffic.  Amtrak was the whipping boy for the money wasted on roads and airports.

Mon, 01/28/2013 - 12:25 | 3191546 HoofHearted
HoofHearted's picture

"College graduates come out of school under-educated and buried in debt. Most cannot find a job commensurate with their education or aspirations."


Might the undereducated part have something to do with not finding jobs??? And maybe McJob is commensurate with their crappy education. It's at least worth thinking about...

Mon, 01/28/2013 - 13:23 | 3191777 trav777
trav777's picture

and hope hasn't died at ALL.

Obama was just COMFORTABLY reelected.  Yeah, this means that there are still legions of 47%ers HOPing for more of the productive members' earnings, and there are still tons of illegals HOPing for promised amnesty (so they can become part of the 47%), and obviously still tons of yankee lib noncoloreds HOPing that colored people will like them and absolve them from the stain of perpetual guilt for something someone else did to somebody else 300 years ago or something.

Oh wait, that's IT, idn't it?  The author of the article, like the morons here, thought that the rest of everybody was hoping for the same things that he was!  LOL...they're NOT, morons.

People don't SHARE your values.  They don't want what you want; their definition of good, just, and right is totally different.  Alien even.

That is because you are clinging to principles from OLD America.  This is New America.  New America REJECTS almost EVERYTHING from Old America because Old America was racist.  Racism is such an existential sin that it totally nullifies anything, ever, for all time.  Consequently, there was nothing at ALL that was good about Old America.  This is why New America's values seem to be totally opposite and bizarro.

And yes, I seriously mean that you are all racists.  By definition of the word; it's a simple statement of fact.

Mon, 01/28/2013 - 14:21 | 3191990 AldousHuxley
AldousHuxley's picture



Below owners of capital are those who dish out false hope of retirement for hard labor (bankers), free lunch loss of private power (politicians), after-death rewards for morality (religious leaders), and today livinging the good life via fake cheap entertainment  (hollywood).



Mon, 01/28/2013 - 14:24 | 3192004 Totentänzerlied
Totentänzerlied's picture

Do you have anything else to contribute, except blame for blacks?

Mon, 01/28/2013 - 13:25 | 3191781 trav777
trav777's picture


Mon, 01/28/2013 - 12:27 | 3191557 Thomas
Thomas's picture

"Worse, a generation or two, has lost probably 33% of their wealth-producing years."

'Nuff said.

Mon, 01/28/2013 - 15:35 | 3192275 JR
JR's picture

Exactly. But it's hard to forget, in those two generations, the aggressiveness of the banking families: ever pushing government in their direction, prostituting regulators, congressmen and presidents, and financing wars, helping themselves to the treasure called the U.S. Treasury. How could a government of the people allow this to happen? Answer: the chokehold on political control called the Federal Reserve Bank.

By the way, this is one of the greatest articles ever to come down the ZH pike.

Mon, 01/28/2013 - 13:51 | 3191879 Lordflin
Lordflin's picture

The article is good so far as it goes... Makes a needless distinction between government and mafia however.

Mon, 01/28/2013 - 14:33 | 3192035 AldousHuxley
AldousHuxley's picture

Government cops and paper pushers retire wealthier than retired mobsters...

Mon, 01/28/2013 - 13:59 | 3191904 Aurora Ex Machina
Aurora Ex Machina's picture

AMTRAK (express) makes all of its profits off commercial freight, fyi.


Shipping people? Not so much.

Mon, 01/28/2013 - 14:30 | 3192023 Woodyg
Woodyg's picture

How about blaming the damn corporate criminal class who have Bought our political system off lock stock and 2 smoking barrels.

Mon, 01/28/2013 - 11:09 | 3191251 eclectic syncretist
Mon, 01/28/2013 - 12:09 | 3191484 Dingleberry
Dingleberry's picture

Government is not the problem. Voters are. The good news is that reality is a bitch, and they get what they truly deserve, not what they thought they would.

Mon, 01/28/2013 - 13:15 | 3191757 smlbizman
smlbizman's picture

i downed you dingle for this reason; there is not one govt. operation from the tippity top to lowest state agency that is honest.  so to believe the elections are decided by the people, and not by deceitfull tactics is a bit nieve. but i could be wrong......

Mon, 01/28/2013 - 11:03 | 3191230 scatterbrains
scatterbrains's picture

OT:  show of hands bitchezz...  how many yah niggas seeing the gasoline breakout?


Mon, 01/28/2013 - 11:03 | 3191232 unwashedmass
unwashedmass's picture


you ain't seen nothing yet....wait till wall street takes the last of everyone's savings with this "bull market climb".....

Mon, 01/28/2013 - 11:04 | 3191233 Sudden Debt
Sudden Debt's picture

I don't think Obama's public relations department will agree with you on this...

Mon, 01/28/2013 - 11:16 | 3191270 SmallerGovNow2
SmallerGovNow2's picture

Public disinformation department...

Mon, 01/28/2013 - 11:04 | 3191234 marathonman
marathonman's picture

Hype and chains.  Forward....

Mon, 01/28/2013 - 12:31 | 3191570 r101958
r101958's picture

Exactly. Every time the talking MSM heads spout about how the Dow is just about to reach historic highs I want to shout 'SO WHAT?'. All one needs to do is go to and enter the 2007 Dow peak of 14093 and then hit the calculate button. They would see the 14093 in 2007 is worth 15605 today. So we actually have another 1800 to go before the market level is comparable. Of course, nobody mentions this. Another diversion and farce courtesy of the MSM.

Mon, 01/28/2013 - 13:18 | 3191765 marathonman
marathonman's picture

I haven't used ShadowStats inflation factor, but I would not doubt that in real terms the current highs are well off the highs of 2007.  In nominal terms it looks like a fantastic break out, but those are the games that central banks use to steal even more wealth.  Numbers look like shit?  Inflation makes them look better and even produces capital gains that they can tax, reducing your purchasing power and actually losing you money!  It's all bullshit, but a game I am forced to play.

Mon, 01/28/2013 - 14:07 | 3191937 Raymond K Hessel
Raymond K Hessel's picture

Thanks for the link.  

I usually junk those but this one seems to be legit.  

I know the reported CPI is junk but I like how you use the calc to show that even by generally accepted manipulated methods, the market is still a sucker's graveyard.  If we were to use ShadowStats, even would even be worse.

Mon, 01/28/2013 - 11:03 | 3191235 Abrick
Abrick's picture

Government is a slave to concentrated wealth. Big business will only be too happy to remove them as middle men. Good luck with your Mafia bosses.

Mon, 01/28/2013 - 11:04 | 3191237 Turin Turambar
Turin Turambar's picture

Hope and Change?

"Dopes left with change" is all I ever heard.


Mon, 01/28/2013 - 11:05 | 3191239 Spastica Rex
Spastica Rex's picture

"Broken?" "Broken" for who? For everybody?

I don't think so.

Mon, 01/28/2013 - 11:07 | 3191240 BLOTTO
BLOTTO's picture

Nothing New Under the Sun


History is repeating itself.


"Surprise, Surprise"
~Billy Talent

You got the look, but not the credit
They wrote the book, on how to sell it

From cigarettes, to skinny jeans
You got the money? They got the means

All you upper class daughters, and working class sons
It's hard to save a dollar, the way the world runs
You're the target market of a corporate joke
It won't be so ironic when your daddy is broke

Surprise surprise, surprise surprise
You're much better looking when you're in disguise
Surprise surprise, surprise surprise
And this revolution has been brought to you by

Mon, 01/28/2013 - 11:06 | 3191242 El Oregonian
El Oregonian's picture

Our whole financial system, political system, judicial system has underperformed for their citizens...

Mon, 01/28/2013 - 14:27 | 3192017 Totentänzerlied
Totentänzerlied's picture

Well then, seeing as this place used to be a democratic republic, ipso facto, the citizens underperformed their duty to secure and maintain their rights and liberties. You reap what you sow. In other words, GIGO.

Mon, 01/28/2013 - 11:08 | 3191244 fonzannoon
fonzannoon's picture

"Investors are feeding money to stock funds at a record-breaking pace this month, according to TrimTabs Investment Research.

$55.0 billion has bee invested in all equity mutual funds and exchange-traded funds in January, by the firm’s count. The previous record: $53.7 billion in February 2000, “which was just before the technology bubble popped.”

Trimtabs is the fat guy sitting on the deck who went 100% short in August right?

Mon, 01/28/2013 - 11:13 | 3191262 eclectic syncretist
eclectic syncretist's picture

Yeah, the one who looks like he's gotta be tased before he'll wake up.  Is it alcatrazz or the golden gate bridge in the background?

Mon, 01/28/2013 - 11:09 | 3191249 d edwards
d edwards's picture

Wow! Pretty much sums up what's going on and the pain felt by people outside the DC-NYC fantasyland.

Mon, 01/28/2013 - 11:10 | 3191252 NoDebt
NoDebt's picture

I'm out of order!  You're out of order!  This whole damned place is out of order!  (Scent of a Woman)

It's called corruption.  Get used to it because it's in it's ascendancy. 

Do you get the feeling that those who are the most corrupt have any fear they will face retribution?  Do they even seem to recognize there is anything wrong with their behavior?  I would say no and no.  So strap in.  Ride's nowhere near over yet.

Mon, 01/28/2013 - 11:58 | 3191447 20834A
20834A's picture

I am well aware that corruption has been part of our national history, to some degree. What absolutely terrifies me is that it is now so pervasive and TPTB don't even care if we know it. Dangerous times, because the mask is off.

Mon, 01/28/2013 - 12:36 | 3191591 escargot
escargot's picture

You're right about the corruption and the corrupt.

You're wrong about Scent of a Woman.  You're thinking And Justice For All.

Mon, 01/28/2013 - 11:10 | 3191253 Whoa Dammit
Whoa Dammit's picture

Can we still even call what we find ourselves living in in the USA a country? Can we still call the government that ignores the wishes of the majority of the people a government? or should we just start calling it what it is,:a police state, whose only allegiance is to money, that tolerates its people only as long as it can profit from them.

Mon, 01/28/2013 - 11:10 | 3191258 francis_sawyer
francis_sawyer's picture

Most peoples 99 weeks of unemployment are up already... Time to get in line for your flu shot...

Mon, 01/28/2013 - 11:10 | 3191259 deerhunter
deerhunter's picture

I am helping a friend run for city council in a midwest city of approx 100k residents.  Said city council just awarded a 12 million dollar no bid contract for new communications system for fire department.  Yes,  no other bidders.  One.  Does anyone think money did not change hands under some table in a dimly lit restaurant on a rainy/snowy evening??  We have met the enemy and its name is indifference.  This is not and cannot be maintained.  We have to stand up and make a difference one person at a time or live with the consequences of our inactions.  Maybe I am still jaded enough to think we can still make a difference but hope deferred makes the heart sick.

Mon, 01/28/2013 - 11:36 | 3191338 aerojet
aerojet's picture

The problem is that your friend stands no chance--even if elected, the knuckle-draggers will threaten him and mess with him endlessly until he toes the line. Nobody is against fire fighters. 

That $12M, is chump change, btw.  Every city council in every city in the country is overrun by real estate developers and their messes.  We're talking billions and billions of misallocated dollars.

Mon, 01/28/2013 - 11:54 | 3191432 H E D G E H O G
H E D G E H O G's picture

ditto here 'hunter. the government is wasting $30 million on refurbshing the Federal building here in my city. The fucking building ITSELF is not worth $5 million! The state just wasted $26 million of Federal stimulus money to put thousands of Cisco routers ($22,000 each) across the state in one room libraries and outlying voluntary fire depatments,etc. These routers can serve Major universities or large cities. Investigation is underway from public outcry? The USA's largest and most covert "Boy Scout Camp" aka state of the art FEMA Camp is being built on thousands of acres in the middle of the state.(Google IT!) We can go on and on, bottom line is that this Homeland Security(government spending) bullshit is out of control. NO  acountability, covert, kickbacks, NO bids, cronyism, pork, etc. By the time the sheeple come around(if ever), it will be too late. Just like a forrest that needs a fire that cleans and renews itself naturally, so goes for the state of affairs in this country.

Mon, 01/28/2013 - 11:13 | 3191261 otto skorzeny
otto skorzeny's picture

the traitors in the US senate are giving hope to all of the 12 million mexs that they want to make legal with the wave of a wand

Mon, 01/28/2013 - 12:46 | 3191637 Gimp
Gimp's picture

Unfortunatley the illegals, excuse me "undocumented future citizens" don't understand that this is a ploy to get more registered taxable payers into the system.

Ponzi schemes need more and more people....


Mon, 01/28/2013 - 13:30 | 3191797 trav777
trav777's picture


It is to get more registered democraps into the system.  You think these democraps in the Party care if this is a 3rd world country?  Hell, they WANT ONE.  In the 3rd world, people like them get richer and are in power longer...forever.  And they can always hire security.

Mexico, Brazil, Argentina...all have some really nice places, as nice as anywhere on the planet.  The rich people live there.

Mon, 01/28/2013 - 14:13 | 3191960 Gimp
Gimp's picture

Good point. That is why the rich have no allegiance to country or flag, that is left to the peasants.

Mon, 01/28/2013 - 11:14 | 3191268 falak pema
falak pema's picture

Hope has died; here is a nail driven into the coffin of the Great Rotation from bonds n cash into assets, by someone who understands that for each buyer ther is a seller and the only movement today is by printing money which just increases PUBLIC debt. 

HUSSMAN: Anyone Touting The 'Great Rotation' Doesn't Understand How Markets Work

Read more:


Mon, 01/28/2013 - 11:17 | 3191279 Dr. Engali
Dr. Engali's picture

Do not give up your semi-auto "assult rifles" they aren't giving up their full-auto "personal defense weapons"

Mon, 01/28/2013 - 12:01 | 3191456 otto skorzeny
otto skorzeny's picture

so-if those are for ICE-and we are effectively legalizing illegals-what the fuck do we need ICE for?

Tue, 01/29/2013 - 00:46 | 3193977 mkhs
mkhs's picture

To make scotch on the rocks.

Mon, 01/28/2013 - 11:18 | 3191282 Eally Ucked
Eally Ucked's picture

After reading this I gave up:

"The performance of financial markets affects everyone. For savers and investors, these markets represent the means to an improved life, at least as they define it. Savings and wealth provide options and opportunities, the quintessential aspect of being an American. These options and opportunities differentiated an American from someone who was born and destined to die in a hut or remain locked in a societal class from which there was no hope of escape."

That's the future of Americans, not production, efficiency, skills and so on. The "others" stay in huts thanks to finacial markets and they always will provide much cheaper work force and if you're able to live of financial markets then GOOD LUCK!

Mon, 01/28/2013 - 13:12 | 3191747 SilverDOG
SilverDOG's picture

Take possession.






Mon, 01/28/2013 - 11:22 | 3191292 Seasmoke
Seasmoke's picture

FEMA Flood insurance. As the Jersey Shore is now finding out. Ponzis are everywhere !

Mon, 01/28/2013 - 11:23 | 3191296 Everybodys All ...
Everybodys All American's picture

Real hope has come and gone. What we are left with is a disguised hope for many in the form of debt servitude and tyranny. All thanks to our dear leadership.

Mon, 01/28/2013 - 11:25 | 3191309 yogibear
yogibear's picture

See Japan? It's the future of the US.

Mon, 01/28/2013 - 11:38 | 3191345 aerojet
aerojet's picture

Except with much more violence.

Mon, 01/28/2013 - 12:27 | 3191560 hero HNL
hero HNL's picture

Japan is too good for the will more likely be like South Korea, the worst country among OECD. Full of debt, high unempoyment, huge class struggle and its biggest cooperations owned buy foreignors.


If you didn't know, its leading companies (such as samsung, hyundai, almost all banks, etc) are owned by foreignors.....mostly US. It became a colony of the US.




Mon, 01/28/2013 - 13:34 | 3191809 trav777
trav777's picture


why, are we importing japanese people by the millions or are our demographics suggestive of a destiny a little more akin to mexico?  Our future is Argentina, El Salvador, Guatemala, etc.  NOT Japan.

Mon, 01/28/2013 - 14:46 | 3192084 Totentänzerlied
Totentänzerlied's picture

Why would Japanese people want to live here? As I'm sure you know, they are generally quite racist.

Mon, 01/28/2013 - 11:35 | 3191334 alien-IQ
alien-IQ's picture

Take solace in the knowledge that at least Hope died laughing.

Mon, 01/28/2013 - 11:38 | 3191349 ramacers
ramacers's picture

the game can be brought to an end, but it will take copious blood.

Mon, 01/28/2013 - 11:43 | 3191370 Ignorance is bliss
Ignorance is bliss's picture

The probelm as I see it. The next game will be same as this game. Anyone want to play Monopoly again? I choose not to play, I want to sit the next game out.

Mon, 01/28/2013 - 12:34 | 3191584 waterhorse
waterhorse's picture

Copious amounts of bankster blood is good.

Mon, 01/28/2013 - 11:39 | 3191354 Ignorance is bliss
Ignorance is bliss's picture

Americans need to look into the mirror and decide to become self-reliant. They need to cast off their unnecessary ipads, 4 TVs, 2 cars, McMansions, designer wardrobes, and consumeristic behaviors. They need to realize college, and many of the  Government and institutionally created illusions are a waste of resources and time.

 Americans need to start gardening, and know their food. Let the fast food franchises, healthcare system,and other merchants of cancer and death die from lack of commerce. American's need to create real relationships, with real value. We have forgotten how to nourish the mind, soul, and body.

Americans need to find their inner core and build on it. The root cause of our zombification is the continued pursuit of petty thrills and illusions foisted on unsuspecting generations by a Government ruled by elites  who continue crusading for money and power without end and without care for the destruction of the people or the environment. 

One unexpected backlash from this fraudulent malaise is the great awakening. We can awaken our family and friends not with lead and Gold but by building real tangible assets with our hands. Easily seen value such as those found in gardens, home built furniture, creative art, musical accomplishment, etc. are all to be admired and duplicated. We must lead by example. We must build the concept of self-reliance as the media has built the concept of consumerism. Self-Reliance and all that comes with it is the only way out from this zombie existence. 


Recommended reading "Walden" by Henry Thoreau. 

Mon, 01/28/2013 - 12:06 | 3191470 otto skorzeny
otto skorzeny's picture

that's the whole thing-if you have a job in the  private sector  and can afford those things-then a person should be able to have all of that if they choose to.

Mon, 01/28/2013 - 19:37 | 3193029 Notarocketscientist
Notarocketscientist's picture

Great book - from a time that is all but lost.

Today... Paris Hitlon Rules!  Dancing with Stars Rules!  Super-Sized everything Rules!

See Morris Berman 'Dark Ages America' - this is an outstanding book about why America is finished...



Mon, 01/28/2013 - 11:44 | 3191383 janchup
janchup's picture

>Despite this obvious conclusion, government is still seen to be a savior by a large proportion of the country.

Because we live in the mud at the bottom of an ocean of duplicitous propaganda. Now turn in your .22 rifle.

Mon, 01/28/2013 - 11:55 | 3191433 MedicalQuack
MedicalQuack's picture

I mostly talk about healthcare but it rolls over into other areas and right now it's not the government creating this but rather the lack of people in top posts that don't understand how this is playing out.  It's about using data out of context a a short while back I wrote about the topic that using data out of context will be the greatest attack on consumers that we have ever seen.  Businesses come up with studies and put it out in the media, many of which are just as blind to this.  Take a look at the Barbara Walters interview with Christie to see how strong this is...she had to ask him if being over weight would affect being able to run for President.  See how all are sucked in. 

Sure we have an obesity issue and education is the way to go but to come out and demand people immediatley change behavior patterns and put them at the base of the US economic problems is wrong.  Health insurance companies, especially United have done this for years.  It was their analytics that allowed them to short pay doctors for 15 years on out of network charges and the rest of the insurance industry, what did they do?  They licensed the United analytics and did the same thing.  I have been writing about this for quite a while here as I see it and it rolls over into areas besides healthcare but they are using right now as subliminal media.  You better hope they don't take over more of Medicare as that's where they are going. 

Analytics used out of context gives corporate USA this power, all on servers runnning 24/7 and why I started my series on the Attack of the Killer Algorithms.  Very scary indeed.

Mon, 01/28/2013 - 13:12 | 3191751 Never One Roach
Never One Roach's picture

Good blog, doc. Thanks for the links and info!

Mon, 01/28/2013 - 12:56 | 3191458 Son of Loki
Son of Loki's picture

Ebay and Amazon are going to take a blow to the gut with these new postal rates that went into effect today. Instead of downsizing and increasing efficiency, they simply raised rates.


One more blow in making USA less competitive.

Mon, 01/28/2013 - 13:49 | 3191865 pursueliberty
pursueliberty's picture

No different than the .gov.


The answer to every financial problem is always raise the prices.  I've seen many companies that do the same thing.


USPS built a new $10mil post office in my town, sold the old one for $1mil.  How does a new start of the art facility cause people to mail more stuff than they did before?  I bet the ROI on that building is very negative.

Mon, 01/28/2013 - 12:16 | 3191525 loveyajimbo
loveyajimbo's picture

Fuggin' Obunga... who knew he was the antichrist???

Mon, 01/28/2013 - 12:31 | 3191576 Snoopy the Economist
Snoopy the Economist's picture

I did

Tue, 01/29/2013 - 06:56 | 3194271 smacker
smacker's picture

He's the twin sister of the UK's Mr Tony Blair, who was also labelled the Anti-Christ when he was Prime Minister.

Their only skill is in giving emotional, heart-wrenching speeches which fool the people. Hitler also did that.

Mon, 01/28/2013 - 12:33 | 3191581 waterhorse
waterhorse's picture

"Despite this obvious conclusion, government is still seen to be a savior by a large proportion of the country."

I don't think that's true.  Most of the people I know see its dysfunction and do not see it as any type of "savior"

Mon, 01/28/2013 - 12:40 | 3191613 rlouis
rlouis's picture

War on Poverty declared by Johnson - after 50+ years the result is 47 million on food stamps

War on Drugs declared by Nixon - after 40+ years the result is more military deaths by drug induced suicide than combat

War onTerror declared by Bush - after 10 years the result is that government TSA jack boots bring it on Amerika

The other undeclared wars include the war on education, the war on enterprise, the war on civic values ad finally, the war on health




Mon, 01/28/2013 - 12:43 | 3191625 SmoothCoolSmoke
SmoothCoolSmoke's picture


Mon, 01/28/2013 - 13:42 | 3191840 smacker
smacker's picture

I expect to see

                WANTED: DEAD or ALIVE

posters popping up on street lamps and elsewhere quite soon.........

The good news is that choosing to deal with the criminal elites who have brought America down doesn't require a democratic vote. It doesn't even require a 50%+1 majority. Just some dedicated folks who declare "ENOUGH IS ENOUGH".

Mon, 01/28/2013 - 15:42 | 3192272 earleflorida
earleflorida's picture

and now, the final planting of the wintry 'hybrid-de`constitutional' seed!

perhaps, as early as 2014, we will be having serious talks about disenfranchising this outdated, and wither'd nonsensical scion?

what say you sheeple... to this goat'd netherd?-- but, a word of caution...   

Mon, 01/28/2013 - 16:47 | 3192538 Slightly Insane
Slightly Insane's picture

SIMPLE - You've got two choices;

a) accept your fate as a sub human

b) (you can fill this in .... with the unmentionables)

Mon, 01/28/2013 - 20:06 | 3193124 Kingkongballs827
Kingkongballs827's picture

Don't Wait. Burry your Guns, Gold, Ammo, and Food Now. Can be sealed with Nitrogen to keep moisture out for life.

And if you think you can go buy all the Stuff in Home Depot, go do it!


Mon, 01/28/2013 - 16:55 | 3192557 Slightly Insane
Slightly Insane's picture

I see an opportunity for Don McClean of the "American Pie" fame, .... re-write the lyrics to depict a few of the government's misdeeds (and their culprits), and you've got a new hit song ..... Bye Bye American Pie ....

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