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Guest Post: Crisis And Opportunity

Tyler Durden's picture




 

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

That which is unsustainable will pass away and be replaced with a more sustainable arrangement. That is the crisis and the opportunity.

"Never let a crisis go to waste" need not be the exclusive agenda of the Power Elite/ parasitic Aristocracy: it could be the agenda for the rest of us, i.e. the debt-serfs. If you are unfamiliar with the neofeudal/neocolonial financialization model, please read The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012). The same dynamics apply to the American Empire and domestic economy.
 
The Eurozone's Three Fatal Flaws (September 21, 2011)
 

My definition of Neoliberal Capitalism differs significantly from the conventional view: markets are opened specifically to benefit the Central State and global corporations, and risk is masked by financialization and then ultimately passed onto the taxpayers. In this view, the essence of Neoliberal Capitalism is: profits are privatized but losses are socialized, i.e. passed on to the taxpayers via bailouts, sweetheart loans, State guarantees, the monetization of private losses as newly issued public debt, etc.

Before we begin, please glance at the following six charts: To cut to the heart of the matter, always ask: cui bono--to whose benefit? The charts reveal the answer.
 
1. Federal debt (skyrocketing as a result of monumental deficit spending funded by debt);
2. labor's share of the nonfarm business sector (collapsing);
3. GDP (rising modestly on the back of Federal Reserve money creation and monetization of Federal borrowing);
4. financial profits per employed person in the U.S. (exponential rise, interrupted by that spot of bother in 2008 that the Fed fixed with QE1-4);
5. output per person (i.e. productivity per worker, rising steadily)
6. real (adjusted) household income (tanking, depsite trillions of dollars created and borrowed by the Central State and Bank)
 
Can you say "exponential" and "unsustainable"?
 
Off a cliff, even as productivity has risen smartly:
 
Here is GDP, expanding on the back of Federal borrow-and-blow deficit spending:
 
Gee, the financial Aristocracy seems to be skimming all the productivity gains; they certainly aren't flowing to the wage earners:
 
Productivity per worker keeps increasing--where is the net going?
 
Not to the wage earner households:
 
As I have endeavored to explain this week, this financialization of the economy is the direct result of Federal Reserve and Federal government policies. The fact that gains in productivity are not flowing to wage earners is not some mysterious warp of space-time--it is the direct consequence of the Fed's financialization of the economy, supported by the political Elites of Federal government.
 
In the neofeudal, neocolonial model, speculation by the parasitic Aristocracy is backstopped by the taxpayers--the perfection of moral hazard.
 
Future taxpayers are burdened with crushing mountains of debt taken on to fund corrupt state fiefdoms and politically sacrosanct cartels and constituencies.
 
Debt (that profits the parasitic financial Aristocracy) is heavily incentivized while saving capital (cash) is punished with negative yields.
 
There are no financial limits on State borrowing and spending when the Federal Reserve is monetizing Treasury debt. The Federal government is thus free to borrow and squander trillions of dollars supporting cartels (sickcare, national security, war-on-drugs gulags, higher education, etc.) and pass the interest costs on to taxpayers, present and future.
 
There are also no limits on the skim of the financial Aristocracy when the Fed gives them unlimited 0% money, backstops their gambling and destroys the incentives to accumulate cash capital and invest it productively rather than speculatively.
 
This is the essence of the neocolonial model: make money cheap, reward consumption and speculation in asset bubbles and draw once-prudent citizens into debt-serfdom. Those not ready for big-mortgage serfdom are snared with the $100,000 student loan skim.
 
This is the same mechanism used to stripmine colonies with financialization: no coercion necessary. "They did it to themselves."
 
This neocolonial model leads to neofeudalism: Oops, the asset bubble burst, so your (phantom) wealth has vanished, but you still owe us the debt. Funny how that works.
 
In an economy based on debt, servicing that debt absorbs much of the income. So you need to borrow more to get by.
 
Since labor is in surplus, you need multiple university degrees to hope to get a high-paying job. (After taxes and debt service, the "high-paying" part is revealed as illusory--but by all means, please pursue the high-debt, high-consumption American Dream--you're enriching the parasitic Elites immensely.)
 
Each degree will rack up $100,000 in debt, and if you can't get a job, then the "solution" is another degree--oh, and of course, another hundred thou in debt.
 
There are no limits on Central State and financial Aristocracy exploitation, but there are limits on what debt-serfs can pay. Since we can't print money, there are limits for us debt-serfs. There are also limits on how much we can extract from a neocolonial/neofeudal system as wages (see above charts).
 
This neocolonial/neofeudal financialization model will implode under its own weight, and that will be the crisis. The opportunity will be to renounce all the unpayable debt and resolve to establish a radically lower-cost way of life that doesn't need "high incomes" for a fulfilling, prosperous life.
 
Such a way of life is based not on an extractive, expansive State or its partner, the exploitative parasitic Aristocracy, but on the forgotten third foundation of the economy, the community.
 
There are no apolitical “personal choice” acts; there are only profoundly political acts of resistance or complicity. (pages 205-6)
 

That which is unsustainable will pass away and be replaced with a more sustainable arrangement. That is the crisis and the opportunity.

NEW VIDEO: A DELUSIONAL & DYSFUNCTIONAL STATE (29 minutes, 25 slides), CHS with Gordon T. Long:

 

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Fri, 02/01/2013 - 13:53 | 3206733 Say What Again
Say What Again's picture

BULLISH

I'm now saying DOW 16,000

Fri, 02/01/2013 - 14:02 | 3206759 SamAdams
SamAdams's picture

Quote from ZioNazi controlled media (Bernanke substituted for original name):  "You should challenge Bernanke to a boxing match, show up with a semi-auto and pop him!  I love to see that, in uniform!  I'll wear my brother's uniform...."

Fri, 02/01/2013 - 14:05 | 3206768 Say What Again
Say What Again's picture

My new mantra is....

VIX down to 5!!!

Fri, 02/01/2013 - 14:11 | 3206791 SamAdams
SamAdams's picture

You know it's bad when the house of cards is brought down by a busted hot-water heater...

Fri, 02/01/2013 - 14:22 | 3206827 CheapBastard
CheapBastard's picture

"three kids" and a "big house"....thar's the problem mate.

Fri, 02/01/2013 - 16:29 | 3207330 Totentänzerlied
Totentänzerlied's picture

Nothing wrong with it ... if you can afford it.

Fri, 02/01/2013 - 13:53 | 3206742 vote_libertaria...
vote_libertarian_party's picture

ummmm...buy buy buy?

Fri, 02/01/2013 - 14:08 | 3206743 Landotfree
Landotfree's picture

The system is the same system used over and over.   The system must expand exponentially or start to collapse.

http://2.bp.blogspot.com/--RkLZLRlRi8/UGAGOUg7fNI/AAAAAAAAABs/HHgMlfUYP2...

Attaching interest to your medium of exchange is not a good idea.  This will end just like all the priors, except in this instance the boom will be louder.

http://www.youtube.com/watch?v=DGwmrFJymZ0

http://www.youtube.com/watch?v=7TuqrEcf4tw

Learn to swim.

The Top just returns a portion of what the bottom generates, once the bottom is not able to expand the system at the exponential rate needed... not much the Top can do about it.  

Fri, 02/01/2013 - 15:04 | 3206950 Anusocracy
Anusocracy's picture

The conclusion of CHS that the community is the savior is totally wrong. The community is the origin of all the problems by simply being the basis of the government, everything else that has happened to the economy falls in place from just that fact.

Empowering the community is the problem, empowering the individual is the solution. Until one can understand that, it's best to remain silent and hide your ignorance.

Simple-minded are those who assign any power to the mob.

Fri, 02/01/2013 - 16:11 | 3207261 TheGardener
TheGardener's picture

Are you talking to me CHS ?

Obviously not. You have no idea of an Aristocracy , how it evolves and that any civilized conduct derives from no other source.

I could have a go at the cheap bourgeoise , bringing about your revolutionary kind that feeds from it.

I really agree with most of what you have to say though,
but we are centuries apart as you are seemed to be stuck
in the Enlightenment, the very kind of folly we need to
roll back full course.

Fri, 02/01/2013 - 16:30 | 3207335 Totentänzerlied
Totentänzerlied's picture

As I've said all along, CHS is a cryptosocialist. I only say crypto- because apparently most can't see it.

Sat, 02/02/2013 - 11:26 | 3209013 TimmyB
TimmyB's picture

The opposite conclusion, that when a powerful band of criminals begins looting you and other like minded people should NOT band together to defend yourselves, because people banding together to work for a common goal is the root of all evil, will lead to disaster.

If good people do not band together to defeat the criminals, we are doomed.

Fri, 02/01/2013 - 13:54 | 3206745 LongSoupLine
LongSoupLine's picture

and when that fucking crisis hits, I'll be sitting on my fucking boat in the general area where I had my unfortunate precious metals accident.

 

Fuck off Bernanke.  Asshole.

Fri, 02/01/2013 - 14:01 | 3206755 Sellmoney
Sellmoney's picture

After seeing this i might be long an effishint delinquint debt collection agency. ideas anyone?

Fri, 02/01/2013 - 14:04 | 3206756 Banksters
Banksters's picture

Senate Rejects Paul Amendment to Prevent Arms Sales to Egypt

The peace prize winner continues to sell weapons at a break neck rate.   
Fri, 02/01/2013 - 14:09 | 3206779 SamAdams
SamAdams's picture

Let there be no mistake, our funding of AlQueda in Syria has now totalled $550M.  The good citizens of America support the spread of freedom and democracy to all people oppressed by tyrannical regimes....

Fri, 02/01/2013 - 14:11 | 3206790 Banksters
Banksters's picture

“Would that this amendment was as simple as the junior senator from Kentucky described it,” Leahy said, after Senator Paul sat down. “His amendment would hinder our military assistance program, licenses for commercial sales of all major military equipment, including aircraft, ships, tanks, armor, parts and so on.”

“It would mean a loss of thousands of American jobs. We’d incur more than two billion dollars in contract-termination penalties for U.S. taxpayers,” Leahy added.

 

 

 

 

Fri, 02/01/2013 - 14:19 | 3206807 SamAdams
SamAdams's picture

I remember when America manufactured items other than weapons of war.  This wasn't all that long ago, but now look at the decrepit wreck the neo-cons have created in their rampage of terror and greed.  Nearly every manufacturer is dependent on the government for a percentage of their revenue.  The collapse is near and the Commies/Fascists are itching to take full control of the wreckage...

Fri, 02/01/2013 - 14:36 | 3206849 petolo
petolo's picture

Yes, it was not long ago when american industry made farm machinery for thr small and medium family farm that was the envy of the world. Some of it is still being used in third world countries. I still use horse machinery that was built 75 years ago. I don"t giv e a fuck what the price of oil is. Horses and horse-shit are ready for the fall of the empire. WhileI"m here might as well submit some poetry: Fuck Bonanke and the rest of the scum.

Fri, 02/01/2013 - 14:26 | 3206834 fuu
fuu's picture

"We’d incur more than two billion dollars in contract-termination penalties for U.S. taxpayers,” Leahy added."

16.94 hours for Big Ben.

Fri, 02/01/2013 - 14:42 | 3206870 Henry Hub
Henry Hub's picture

Military Keynesianism is alive an well in America. In fact it is the only thing keep the manufacturing sector alive.

Fri, 02/01/2013 - 14:02 | 3206758 ebworthen
ebworthen's picture

My Son got laid off last week.

Telephone research firm of at least 50 employees, they shut the entire operation down overnight.

And this was a place that paid between $8-$9 per hour and wouldn't give anyone full time or benefits.

No notice, no warning, the head supervisor didn't even know it was coming. 

Boom!  Oh yeah, just gotta' love this recovery!

Fri, 02/01/2013 - 14:23 | 3206828 Ying-Yang
Ying-Yang's picture

Sorry for your son and you. Companies that pay $8-9 an hour with no benefits should be ashamed of themselves.

It is a rigged game slanted in favor of those who cheat. Sorry for your son's loss of work.

Fri, 02/01/2013 - 14:24 | 3206832 ebworthen
ebworthen's picture

Thank You.

Fri, 02/01/2013 - 16:33 | 3207347 Totentänzerlied
Totentänzerlied's picture

"Companies that pay $8-9 an hour with no benefits should be ashamed of themselves."

Wrong. Nothing to be ashamed of in trying to run a private business. The people who should be ashamed are the ones who work round the clock to make it damn-near-impossible for small business owners to afford full time employees, etc.

Fri, 02/01/2013 - 17:27 | 3207539 Ying-Yang
Ying-Yang's picture

Fail

Fri, 02/01/2013 - 14:42 | 3206863 _ConanTheLibert...
_ConanTheLibertarian_'s picture

"Telephone research firm" ? Like a call center?

Fri, 02/01/2013 - 15:12 | 3206985 Anusocracy
Anusocracy's picture

A position that is a thousand times more honorable than any government job.

Fri, 02/01/2013 - 16:13 | 3207269 GubbermintWorker
GubbermintWorker's picture

Hey, I provide a needed service!!

Fri, 02/01/2013 - 16:18 | 3207294 GubbermintWorker
GubbermintWorker's picture

Who down voted me?! Its true, I provide a needed service!

Fri, 02/01/2013 - 17:43 | 3207592 GubbermintWorker
GubbermintWorker's picture

Dammit, another down voter....show yourself and engage in conversation!

Fri, 02/01/2013 - 18:24 | 3207693 GubbermintWorker
GubbermintWorker's picture

Ok then, you all can just carry your own shit and piss in a bucket and dispose of it yourself!

Fri, 02/01/2013 - 15:56 | 3207173 strangewalk
strangewalk's picture

Your son's job was probably outsourced to a call center in the Philippines. However, he can be gratified in knowing that it's good that many millions of American workers have and are surrendering their jobs in order to increase the level of debt servitude of those in despotic and corrupt nations whose governments do not possess the competence or will to work toward managing this outcome for themselves—so we need to do it for them, while strengthening their kleptocrcacies.  

 

Fri, 02/01/2013 - 14:09 | 3206780 ebworthen
ebworthen's picture

"Don't worry, your money is safe, we get whatever we need from the FED."

Fri, 02/01/2013 - 14:17 | 3206809 donsluck
donsluck's picture

Your money is safe, you just can't have it.

Fri, 02/01/2013 - 14:23 | 3206817 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

My money is safe because it's NOT with BOA.

 

edit: safe(ish).

Fri, 02/01/2013 - 16:14 | 3207274 GubbermintWorker
GubbermintWorker's picture

If it is in form of fiat dollars, your money is not safe.

Fri, 02/01/2013 - 16:34 | 3207355 Bad Attitude
Bad Attitude's picture

My money is safe... it is a series of ones and zeros on some hard disk in a server farm somewhere. Hmmm, guess I should turn more of it into FRNs, then I could at least use it to wipe my ass and start cooking fires when everything collapses.

Fri, 02/01/2013 - 16:41 | 3207395 GubbermintWorker
GubbermintWorker's picture

No, you should turn it into more tangible items such as gold, silver and .....lead.

Fri, 02/01/2013 - 17:58 | 3207651 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

I dunno - fiat seems somewhat safer than gold, silver, lead, and brass. In my experience, those four are too susceptible to theft, loss, and accidents. I'm sticking with fiat from now on. 

Fri, 02/01/2013 - 18:23 | 3207689 GubbermintWorker
GubbermintWorker's picture

You don't consider inflation to be theft of fiat?

Fri, 02/01/2013 - 20:27 | 3207893 Bad Attitude
Bad Attitude's picture

The FRNs aren't getting any smaller, unlike each sheet of toilet paper.

Fri, 02/01/2013 - 21:04 | 3207987 GubbermintWorker
GubbermintWorker's picture

But the toilet paper is still more absorbent.

Fri, 02/01/2013 - 21:08 | 3208004 Bad Attitude
Bad Attitude's picture

True, toilet paper is more absorbent. But, would you rather have a roll of toilet paper or a wheelbarrow of FRNs?

Sun, 02/03/2013 - 06:45 | 3210626 Ctrl_P
Ctrl_P's picture

I dont care what I use, it just has to pass the "grip and rip" test.

Fri, 02/01/2013 - 14:47 | 3206876 _ConanTheLibert...
_ConanTheLibertarian_'s picture

How about a bank holiday. Yay!

Fri, 02/01/2013 - 17:40 | 3207583 mkhs
mkhs's picture

Holidays for everyone.  Take the rest of the week off.

Fri, 02/01/2013 - 14:46 | 3206877 waterwitch
waterwitch's picture

Warren B needed to pay for a hooker.

Fri, 02/01/2013 - 16:35 | 3207359 Totentänzerlied
Totentänzerlied's picture

Becky Quick was busy?

Fri, 02/01/2013 - 14:05 | 3206772 luckylongshot
luckylongshot's picture

The problem with anything that grows exponentially is that it always  collapses or dies. This is true with compound interest, parasites, viruses and contagious diseases. All we have to do is wait patiently and stay out of the system.

Fri, 02/01/2013 - 14:10 | 3206784 Cycle
Cycle's picture

If all Americans went to the bank tomorrow and withdrew $100 in FRN's the system would implode.  The treatment of debt like US Treasuries as cash equivalents will likely end badly at some point in the future, especially at the high end of the curve.

Fri, 02/01/2013 - 14:15 | 3206797 donsluck
donsluck's picture

The only solution for the non-connected is complete withdrawal. As much as possible:

Own your home,

Use solar power for water heating and electricity,

Grow a garden,

Ride your bicycle,

A penny saved is at least 2 pennies earned. Have minimal income to avoid taxes.

Fri, 02/01/2013 - 14:27 | 3206836 Meat Hammer
Meat Hammer's picture

Love it.  I would just add...

Raise chickens

Grow grain to make bread

Learn how to hunt and fish

Learn how to can food

Then...

Enjoy living off of the grid and the feeling of absolute freedom.  Who needs a job when you are your own self-sustaining community?  You'll probably live to be 120 and you'll only look 80.

Fri, 02/01/2013 - 15:13 | 3206979 hannah
hannah's picture

donsluck - when you see a penny on the sidewalk...do you pick it up...?

Fri, 02/01/2013 - 16:17 | 3207289 Toolshed
Toolshed's picture

He comes across as being reasonably intelligent, so I bet he does. I know I do. Do you simply walk away from free money? That would be pretty darn stupid, now wouldn't it?

Fri, 02/01/2013 - 16:34 | 3207363 Totentänzerlied
Totentänzerlied's picture

"own your home"

... miss a property tax payment

Fri, 02/01/2013 - 14:17 | 3206799 ArkansasAngie
ArkansasAngie's picture

We need to prepare.  Not guns and ammo or food hoarding.  But ... to go with the sherriff when he confiscates the 1%'ers' remaining assets to pay off their debts.

I volunteer to escort JD out of the JPM building empty handed.  His personal effects can be sent to him if he'll leave a forwarding address inside the US.

Fri, 02/01/2013 - 16:35 | 3207369 Totentänzerlied
Totentänzerlied's picture

Is this the sheriff of In Your Dreams County?

Fri, 02/01/2013 - 14:17 | 3206802 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

o/t (sort of)

Chinese infrastructure can be destroyed with (!) fireworks...

http://apnews.myway.com/article/20130201/DA45RNFO1.html

Oh, the miracles of central planning.

Fri, 02/01/2013 - 14:19 | 3206816 Never One Roach
Never One Roach's picture

It's unsettling how disgruntled the hoi poli are getting. They are never satisfied with the crumbs the Arisotcracy is kind enough to hand them. Here from BBC:

 

"Taiwan is already in a property bubble; this situation cannot continue," said Mr Chang. "Young people will feel increasingly disgruntled, because no matter how hard they work, they can't buy a home.

 

http://www.bbc.co.uk/news/business-20779609

Fri, 02/01/2013 - 15:23 | 3207033 Anusocracy
Anusocracy's picture

Owning a home is simply one of the worst things you can do.

Better to buy a good condition used motorhome and if you want, a few acres.

Fri, 02/01/2013 - 16:37 | 3207378 Totentänzerlied
Totentänzerlied's picture

"because no matter how hard they work, they can't buy more taxable assets"

 

Fri, 02/01/2013 - 14:22 | 3206825 davidsmith
davidsmith's picture

This is the same mechanism used to stripmine colonies with financialization: no coercion necessary. "They did it to themselves."

 

But does this clown advocate even a SLIGHT increase in individually enforceable rights?  For example, under Lindsey v. Normet, housing policy need only pass minimum scrutiny.  Does he advocate raising the level of scrutiny to intermediate scrutiny, or strict scrutiny?

 

Hell no!  What is his answer?  Why, it is the answer of every demagogue: "Give ME the power and I will make GOOD policy."  No thanks.  Give me individually enforceable rights, not buffoon-serfdom.

Fri, 02/01/2013 - 14:51 | 3206901 Toolshed
Toolshed's picture

Uh huh, yeah.........can you please point out the part in the article where, according to you, he states:

"Give ME the power and I will make GOOD policy."

Because I can't seem to find any part of the article that even remotely resembles what you are ranting about.

Fri, 02/01/2013 - 15:23 | 3207034 davidsmith
davidsmith's picture

And I can't find seem to find any part of the article that even remotely advocates increased individually enforceable rights.  And yet he advocates policies!  And who, do you suppose, would be in the best position to implement his policies.  Why, none other than the author himself!  Drop dead.

Fri, 02/01/2013 - 16:13 | 3207267 Toolshed
Toolshed's picture

Well, you have proven beyond any shadow of a doubt that you are the epitome of the ASS in your raging ASSUMPTIONS. Thanks for dispelling all doubt regarding your level of intellect. We all now know it is quite low. Now, with the formalities out of the way..............you are cordially invited to eat shit and die.

Fri, 02/01/2013 - 14:40 | 3206853 CheapBastard
CheapBastard's picture

<<real (adjusted) household income (tanking, depsite trillions of dollars created and borrowed by the Central State and Bank)>>

 

Moar zero down houses, moar Flippers, moar Speculators....keep 'm comming....another Dark Bubble Cloud (DBC in economic terminology) forming....

Fri, 02/01/2013 - 14:40 | 3206855 Clesthenes
Clesthenes's picture

Several years ago, after searching 30,000 to 50,000 pages of original, unsanitized, histories, I realized that, of thousands of slave uprisings/rebellions thru-out history, only three advanced the cause of man/liberty.  And, there’s hardly a man who could tell you what those three examples were.

In other words, when the system breaks down, those who have been its critics will be eliminated and the yoke will lay even more heavily on those who survive.  Divide governmental debt by a smaller population and see what you get.

What do we have to look forward to?

The English first declared their right of redress in section 61 of the Magna Charta.  It took them 400 years and oceans of blood to develop reasonably effective means of redress.

Current Englishmen and Americans do not even have knowledge of redress.  I estimate that for every one who learns such knowledge, we can shave 2-3 months off that 400 years.

Why should you give my words any weight?

I come with the highest of endorsements.  The IRS conducted an inquisition against me starting ten years ago; they seized all my resources shortly after filing their complaint, which left me with no means to defend.  I sat in jail for five months for refusing to turn-over records of my customers.  There was no discovery, no jury, no trial – just a summary judgment for a crime that never happened.

At the time, I was a significant character in the so-called freedom movement.  If my legal arguments were baseless, or if I had committed a crime, the government would have been delighted to carry the case to trial to make a damn fool of me.  It never happened.  Of the dozens of other prosecuted under the same code, all got their juries and trials – not me.

What is the government trying to tell you?

Fri, 02/01/2013 - 14:45 | 3206875 ArkansasAngie
ArkansasAngie's picture

How about we go with CHapter 7 bankruptcy.  This isn't nor has it ever been a liquidity crissis.  It's insolvency problem.

Fri, 02/01/2013 - 15:18 | 3207014 hannah
hannah's picture

Clesthenes, you seem to think you have 'rights' of some kind...? i guess you found otherwise....

Sun, 02/03/2013 - 18:54 | 3211813 Clesthenes
Clesthenes's picture

Hannah,

I try to always investigate before I hazard an opinion.

We all have rights.

The question is, "Are they secure... or perpetually violated?

You see, if we suffer some kind of violation, we must also have rights that can be violated.

Now, the question is, "How do we secure our rights?"

Of course, I understand that some (counter-intelligence operatives) want to propagate the sense of doom, hopelessness, futility... you get the idea.

Sat, 02/02/2013 - 11:36 | 3209027 TimmyB
TimmyB's picture

Never mind the government, I have no idea what you are trying to tell me when you conclude that in all of the revolutions and slave revolts in history, only three met your high standards of improving the lives of the people.

From those facts,my conclusion is that your standards are highly suspect.

Sun, 02/03/2013 - 18:53 | 3211827 Clesthenes
Clesthenes's picture

TommyB

My standards are derived from facts of reality and laws of nature; and both are professor-proof and lawyer-proof (except those professors who don’t hesitate to lie in order to protect their gun-protected pension checks).

If you will change facts of reality, I will change my opinions.

Fri, 02/01/2013 - 14:44 | 3206871 larz
larz's picture

viewer discretion advised wtf

Fri, 02/01/2013 - 15:00 | 3206931 Henry Hub
Henry Hub's picture

***What is the government trying to tell you?***

You have no rights.You are living in a totalitarian police state. Resistance is futile. Get used to it.

Fri, 02/01/2013 - 15:00 | 3206937 Jumbotron
Jumbotron's picture

We see an analog to the financial/debt blowout that will occur in the cosmos.....

 

It's called a supernova....that then leads in many cases to a black hole.

Fri, 02/01/2013 - 15:17 | 3207010 diogeneslaertius
diogeneslaertius's picture

that which is inherently unsustainable shall be cultivated and pushed despite its (truly because of) logistical inefficacy/readily-apparent absurdity as a means to the end of a more complete and total control schema

 

and what we must fear today, more than the perpetual inflation and popping of this or that bubble, is the macro bubble of tyranny and derivatives, of cronyism and holographic algobots deathstars that manipulate openly, yet are fundamental decoupled from, the real economy in which we all live and die.

 

the real threat is that the human species got switched over to the simulation and no one noticed

 

the real threat is the quiet, protracted genocide enabled by the complicity of deliberately engineered ignorance

 

the real threat is people who love the matrix and will attack you as you try to pull them out of it

 

seven more decades of fiat life support and Hegelian Dialect ordo ab chao as the culture is dissolved into a slurry fit for consumption by some lord of the flies, as the human species is gradually modified, tastes changed to favor non-food, minds changed to accept the slow death of being poisoned from birth (spiritually, intellectually, and, of course, physically)

 

VBA script and sifting thru foreground detritus, reacting to bernank et al. puts and the anal leakage of NWO C3PO's be damned - at some point we must cut the cord and call a spade a spade - this is by design and we must identify the architect in good company, or barring that its adherents...

 

or, to quote the usual suspects.

the greatest trick the devil ever pulled was convincing the world that he doesnt exist.

http://youtu.be/KnGo6Qm0Wt8

 

 

Fri, 02/01/2013 - 15:25 | 3207044 jplotinus
jplotinus's picture

Today CHS does a more objective job in naming and claiming the problem. Still, in the absence of a list of officials, their individual roles and (most importantly) their respective weak or vulnerable points and measures to take advantage of said weaknesses and vulnerabilities, we are left without a viable program of action.

We need such a program.

Fri, 02/01/2013 - 15:44 | 3207128 janus
janus's picture

CHS,

you surely know i'm a fan.  but how could you title your piece as you have and at the same time fail to in any way reference this simpsons clip?

i'm very disappointed in you, CHS...and so is homer -- but that goes without saying.

http://www.youtube.com/watch?v=a41eQIO07R4

one would go so far as to think you aussies haven't seen anything worth seeing.  so, janus is here to help.  this is what aussie culture is like; and we don't really care about your thoughts on the subject.

now learn something worth leaning, you 'citizens' of that commune of criminality (no, we haven't forgotten a thing about your sordid history).

http://www.youtube.com/watch?v=Td3luNjEKTs

http://www.youtube.com/watch?v=KJOdpwL6X6A

here in america we don't tolerate that kind of thing, sir!

janus

 

Fri, 02/01/2013 - 15:58 | 3207211 sodbuster
sodbuster's picture

>Since we can't print money, there are limits for us debt-serfs.<

Speak for yourself- Kinko's does a heck of a job!!!!!

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