Guest Post: All Is Well

Tyler Durden's picture




 

Submitted by Jim Quinn of The Burning Platform blog,

“Facts do not cease to exist because they are ignored.” Aldous Huxley

I woke up this past Saturday morning and opened my local paper to find out that all was well. An Associated Press article declared a healthy jobs market, fantastic auto sales, a surging housing market, and a stock market rocketing to new all-time highs. What’s not to love? If the mainstream media says the economy is as good as new, it must be so. Why should we let facts get in the way of a good storyline? The stock market has surged to 2007 highs, so the country’s employment situation must be strong.

The chart above tells a slightly different story. The S&P 500 has regained almost all its losses since October 2007 as Bernanke and Washington politicians chose to save Wall Street and screw over Main Street. The working age population has risen by 12.8 million since 2007 and there are 4 million less Americans employed. The December Household Survey from the BLS being touted by the mainstream media as proof of a jobs recovery told a slightly different story:  

  • The number of unemployed Americans went up by 126,000 in one month
  • Another 169,000 Americans left the workforce evidently because their stock market gains made them wealthy.
  • There are 250,000 more Americans unemployed than there were in September 2012.
  • There are 6,000 less Americans employed than there were in October 2012.
  • The unemployment rate reported to the masses went up to 7.9% (the true rate reached 23%).

This is just the picture over the last few months. The picture since 2007 is beyond horrific, as more than 10 million Americans have left the workforce. Everyone knows people willingly leave the labor force when the economy crashes and their net worth is reduced by 30%. Who needs a paying job then? Just because there are 101 million working age Americans not working and the labor participation rate of 63.6% is at a three decade low, certainly doesn’t mean we aren’t experiencing a tremendous jobs recovery, according to the mainstream media.   

The deep thinkers at CNBC, Fox, CNN and the rest of the captured corporate status quo mouthpieces, propagate the false storyline that the reason for Americans leaving the workforce is Baby Boomers retiring. Considering the average Boomer has $90,000 of total savings and 28% of them have less than $1,000 saved, I suspect there are few willingly leaving the workforce. The Boomers have taken on 4 million additional jobs since the low point in 2009, while the 16 to 54 year olds have lost an additional 2.9 million jobs. Does this reflect a strengthening jobs market? Does the fact that real hourly wages have fallen for the last two years reflect an improving labor market?  

Inquiring minds might wonder how auto sales could be booming when there are 4 million less employed Americans and real wages are falling. Of course, mainstream media faux journalists aren’t paid to inquire, think critically, or even think at all. They are paid to regurgitate propaganda designed to keep the masses sedated and ignorant. The “fabulous” rebound in auto sales has been buoyed by the return of easy money lending, even to deadbeat borrowers with lousy credit histories. There is a reason the Federal government hasn’t attempted to spin off their 80% control of Ally Financial (aka GMAC, Ditech, Rescap). The Feds are attempting to manufacture a recovery by doling out subprime auto loans to anyone who can scratch an X on a loan document and offering 0% loans over 7 years to good credits. How exactly does a finance company generate a profit by making 0% loans for seven years and approving loans to people with no means of paying them back? Experian recently noted that 44% of ALL auto loans have been to subprime borrowers over the last year. When a financing company doesn’t have to worry about profits or loan losses, everyone gets a Cadillac Escalade. The losses on these subprime loans will be in the billions when the next leg down in this Crisis hits. The taxpayer will unknowingly pick up the tab, just as they have been doing for the last five years. The trend in this chart is nothing but a Federal government induced fraud.

 

PhD in Stupidity

The Federal government induced sham auto recovery is small peanuts compared to the bubble they are blowing in the higher education realm. Since the Federal government took over 85% of the student loan market in 2009, the debt outstanding has surged to over $1 trillion from below $600 billion. The Feds don’t care about credit risk or loan losses. You’re on the hook for the losses. The purpose for doubling the amount of student loans was to artificially lower the unemployment rate by removing as many people from the labor force as possible. The 600,000 University of Phoenix enrollees getting their on-line master’s degrees in basket weaving while sitting in their mother’s basement, subsidized with $20,000 loans from the taxpayer, didn’t count as unemployed.

Enrollment in these diploma mills has begun to plunge, as the scam has been revealed. The New York Times reported that:

“Enrollments at the University of Phoenix and in the for-profit sector over all have been declining in the last two years, partly because of growing competition from other online providers, including nonprofit and public universities, and a steady drumroll of negative publicity about the sector’s recruiting abuses, low graduation rates and high default rates … including many charges that the schools enrolled students who had almost no chance of succeeding, to get their federal student aid.”

Enrolling students who have no chance of graduating is exactly what the Obama Administration and the status quo want.

Based upon the chart below you would think the United States is producing the brightest bunch of young people in U.S. history. Nothing could be further from the truth. Only 43% of the 1.66 million private and public school students who took the college-entrance exam posted scores showing they are prepared to do well in college, according to data released by the College Board, the nonprofit group that administers the SAT. The SAT data mirror scores from the ACT college-entrance exam which showed about 75% of students failed to meet college-readiness standards. If SAT scores are at decade lows, how could college enrollment be at record highs? Our government controlled public school system is graduating functionally illiterate dullards and the government is then subsidizing these subprime students as they matriculate into substandard colleges across the land.  Approximately 3.4 million seniors are graduating from our high schools every year. The 1.66 million seniors who took the SAT exam are the cream of the crop. If the 50% of students who took the SAT exam could score so pitifully, imagine how dimwitted the 50% of students who didn’t even take the exam must be.  The upshot of these tests are that only 700,000 of all the graduating high school seniors (21%) are capable of getting a B minus or above in college.

college enrollment rates

Think about that for one second. Only 21% of all graduating high school seniors are intelligent enough to get a B minus in college, but 70% of them are enrolling in college. Of course enrolling in college and graduating college are two different things. Only 30% actually graduate college. The other 40% get drunk, fornicate, sleep late, fail, rack up gobs of debt, and then drop out. There are approximately 13 million 18 to 24 year olds enrolled in college today and at least 6 million of them have little to no chance of graduating. If the Federal government was not subsidizing them with loans, they would rightfully be looking for jobs geared to their intellectual capabilities. Would tuition rates be soaring if there were 6 million less drones matriculating into one of the 4,000 mostly mediocre higher learning institutions in this country?

 

The Federal government bureaucrats who think they can control the levers of finance to steer our economy to greater heights are creating a new subprime bubble. The absolute implosion of the for profit diploma mills, that have fed like bloated pigs at the Federal loan trough, is the Bear Stearns moment for the massive student loan losses that will be foisted on the shoulders of the American taxpayer. The deceptive schemes, fraud, and financial aid manipulation practices of the publicly traded diploma mills – Corinthian Colleges (down 90%), ITT (down 90%), Apollo Group (down 80%) and DeVry (down 60%) have been revealed, as their ill- gotten profits have evaporated and their stock prices have crashed. Enrollment at the king of worthless online degrees, the University of Phoenix, has plunged from 600,000 to 400,000 and they are closing 115 of their 227 campuses. The proof that much of the student loan bubble has been created by these for-profit shysters can be seen by the fact that 60% of all student loans are owed by people over 30 years old, with 33% owed by people over 40 years old. These people bought into the re-training fallacy perpetuated by government drones and mainstream media mouthpieces.

StudentLoans1

But still the Federal government continues to blow the bubble bigger and bigger as non-revolving consumer debt has reached all-time highs. Peter Thiel recently compared this bubble to the housing bubble we are still dealing with:

“We have a bubble in education, like we had a bubble in housing…everybody believed you had to have a house, they’d pay whatever it took. Today, everybody believes that we need to go to college, and people will pay– whatever it takes. There are all sorts of vocational careers that pay extremely well today, so the average plumber makes as much as the average doctor. I did not realize how screwed up the education system is. We now have $1 trillion in student debt in the U.S. Cynically you can say it’s paid for $1 trillion of lies about how good education is.”

Delinquency rates have already begun to skyrocket as the diploma mill scam implodes, dropouts can’t make loan payments with their EBT cards and even graduates from legitimate colleges are stuck waitressing at TGI Fridays and can’t make their payments. Millions of millenials are ensnared in the chains of debt servitude, with no chance of escape. 

Delinquency rates on student loans made in the past two years stand at 15%, according to FICO, versus 12.4% for loans made from 2005 to 2007. This is proof that loans doled out since the Federal government took control of the market have been distributed willy-nilly in a frantic effort to artificially reduce the unemployment rate. Average student- loan debt last year rose to $27,253 from $17,233 in 2005, with almost 605 of bank managers surveyed in December expecting delinquencies to worsen in six months, according to FICO. Andrew Jennings, chief analytics officer of Fair Issac, said in a statement:

“This situation is simply unsustainable and we’re already suffering the consequences. When wage growth is slow and jobs are not as plentiful as they once were, it is impossible for individuals to continue taking out ever-larger student loans without greatly increasing the risk of default.”

When subprime mortgages blew up, at least there was collateral to alleviate some of the losses. When the subprime auto loans blow up, at least there will be vehicles to repossess. Student loan debts are the ultimate in subprime, with no collateral and millions of jobless debtors. The situation is much worse than the delinquency numbers reveal. More than half of the student loans are in deferment, grace periods, or forbearance, meaning they are not currently requiring repayment. This means the true delinquency rates are twice as high as the reported figure of 15%. What happens next can be succinctly summed up by the esteemed economist John Kenneth Galbraith:

 “Then the shit hit the fan.”John Kenneth Galbraith

The involuntary taxpayer bailout for this Federal Government created disaster will exceed $200 billion after the shit is done hitting the fan.

Do You Want Pepperoni on that Housing Recovery?

Everywhere I turn I’m hearing about the strong housing recovery that is propelling our economy, generating jobs and spurring a resurgence in retail spending by the millions of deleveraged consumers. Wall Street paid economists on CNBC, NYT economic “journalists”, and even the Fox News blond bimbo brigade all assure me the housing market is in a strong recovery and it’s the best time to buy. There are just two small problems with the story. None of the propaganda spouted by the mouthpieces of the kleptocracy is supported by the facts. And what little uptick in sales and prices that has occurred is due to collusion, fraud and manipulation by Wall Street, the Federal Reserve, the Treasury Department, and connected crony corporate interests.

I challenge anyone to show me the tremendous housing recovery on the new home sales chart below. New homes sales have “surged” to an annual pace of 369,000, only 74% below the 2006 peak and about 50% below the long term average. New home sales fell in December at the fastest rate since February 2011. Existing home sales also fell in December, are pacing at 1999 levels, and are still 30% below 2006 levels. In a country of 115 million households, with mortgage rates at all-time lows, there were a total of 26,000 new homes sold in December, and only 10,000 of them were actually built. For some perspective, new home sales are at the same level as they were in 1967 when the U.S. population was 200 million.  

The kleptocrats’ master plan has multiple dimensions designed to lure unsuspecting dupes back into the market. The Federal Reserve has bought over $1 trillion of toxic mortgage debt, freeing the criminal Wall Street banks to start raping the American public again. Bernanke has driven mortgage rates to near all-time lows by tripling his balance sheet, with promises to quadruple it before the end of the year. By driving real interest rates below zero Bernanke has the dual purpose of driving people into the stock market for a positive return and luring “investors” into the housing market.

The Wall Street part of this grand scheme has been to delay the foreclosure process on millions of homes, thereby restricting the amount of inventory on the market. By artificially creating an inventory “shortage”, they have been able to drive prices higher, with the purpose of trying to get the 25% of underwater homeowners back to breakeven. The Treasury Department, through their captured entities (Fannie, Freddie, FHA) are guaranteeing 95% of all mortgages, with the FHA requiring only 3.5% down payments, with the hundreds of billions in  present and future losses being incurred by the American taxpayer. You’ve heard of the cycle of life. This is the government cycle of fraud.

The last part of the plan has been to lure investors into the market. Fannie Mae and Freddie Mac have sold huge blocks of foreclosed homes to connected friends of Wall Street at below market rates so they could convert them to rental properties. This has further artificially reduced inventory available for sale, and jacked up prices by as much as 20% in the former bubble markets of Phoenix, Las Vegas and California. Investors and flippers account for 30% of all home sales, with another 24% of home sales listed as distressed sales. Sure sounds like a healthy market to me. With this full court press by the powers that be to produce a housing recovery, the chart below reveals the utter ineptitude of their effort. Real home prices, even using the fake government manipulated CPI, have barely budged from their lows and sit at 1990 levels. Real home prices are still down 40% from their 2006 highs.     

If a true housing recovery was underway how could mortgage purchase applications be at 1997 levels? If housing was recovering there would be more mortgage applications. It really is that simple. Do supposed journalists have any critical thinking skills or are they just playing their assigned role in this kleptocracy?

Essentially, the kleptocrats’ primary purpose has been to protect and enhance the wealth of the oligarchs that control Wall Street, Washington DC, and corporate America. They have achieved their goal, while destroying the middle class and sentencing unborn generations to a life sentence of debt servitude.

If we have been experiencing a solid jobs recovery, strong automobile sales, a resurgence of consumer spending, and rising home sales and home prices, how could GDP be negative in the 4th quarter? The mainstream media immediately declared it the best negative GDP of all-time. They pompously declared that GDP would have been positive if government defense spending hadn’t plummeted. These disgraceful excuses for journalists failed to mention the huge surge in government and defense spending in the 3rd quarter just prior to the presidential election that accounted for a 3.1% GDP and helped get Obama re-elected. A less trusting person than myself might question why the surge in government spending prior to the election.

Did the mainstream media government mouthpieces question the absolutely laughable 0.60% inflation rate used to calculate the 4th quarter GDP? No they didn’t. That wouldn’t support their storyline of recovery. Using even the bastardized CPI figure of 2.0% would have produced a -1.5% GDP figure. Using real inflation figures over time reveals what every middle class family in America knows in their bones – the economy has essentially been in recession since the early 2000s. The massive dose of debt issued by the government has masked the true nature of our economic decline.   

 

All is not well. Any awake and aware citizen knows the economic, financial, societal and social fabric of this country is in tatters, and is getting progressively worse by the day. Since this supposed economic recovery began in mid-2009, the country has added 4 million jobs, more than 100% of which went to workers over the age of 55, forced into the workforce by Bernanke’s zero interest rate policy. Over this same time frame of economic recovery, 16 million Americans went on food stamps. How could this possibly happen if the economy has been recovering? Either the government and mainstream media are lying about the economic recovery or the Obama administration has been fraudulently encouraging people to go on food stamps to win votes in elections. Which of these truths is more palatable to your sensibilities?     

It comes down to this. The monied interests, high financiers, corporate interests, captured politicians, government apparatchiks, and corporate media have a vested interest in maintaining the corrupt and destructive status quo. They have become rich and powerful through their manipulation of the currency, ravenous sacking of the national wealth, destruction of the working middle class, and ability to use mass media propaganda to convince the willfully ignorant masses to learn to love their debt servitude. Our once proud, liberty minded, self-sufficient nation of freedom loving individuals has devolved into a kleptocracy,  where a small cadre of powerful men run the show solely to increase the personal wealth and political power of officials and the ruling class at the expense of the wider population. They are essentially running a state sponsored embezzlement and Ponzi scheme to pillage the wealth of the dumbed down, sedated, technologically distracted masses. Our entire system has been captured and we are entering the final stages of decay and ultimately a day of reckoning where the guilty and innocent alike will suffer the awful consequences of currency collapse, death and destruction on a wide scale, and likely civil and world war.

 “The Fed is now engaged in a control fraud, and what appears to be racketeering in conjunction with a few big investment banks. They may have entered into it with good intentions, but they seem to have been turned towards deceit and corruption. This is not an historical event, but an ongoing theft in conjunction with a number of Wall Street banks, and politicians whom they have paid off through a corrupt system of campaign financing and influence peddling. This is nothing new in history if one reads the un-sanitized version. But people never think it can happen today, that somehow yesterday things were different, as if one is looking at some distant, foreign land. This is a facet of the illusion of general progress.

We are now in the cover-up stage of a scandal, similar to Watergate when the White House was stone-walling. The difference is that the corruption and capture of the government is much more pervasive now, and includes a significant portion of the mainstream media, so meaningful reform is difficult. Most of what has transpired so far has been designed to distract and placate the people in their righteous anger. The Fed deceives the Congress and the public, turns a blind eye to glaring conflicts of interest, and is essentially debasing the currency while transferring the wealth of the nation to their cronies. And still the regulators do not enforce the laws they have, and Washington drags its feet while accepting buckets of cash from the perpetrators.”Jesse

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained. The world is going mad. Governments across the globe are all trying to out debase each other. Austerity and inflation for the peasants and caviar and champagne for the Davos class is the chosen path. All is not well. Ben Bernanke and the oligarchs running the show will be immortalized in history books forever when this farce comes to a spectacular conclusion.   

 “If all else fails, immortality can always be assured by spectacular error.”John Kenneth Galbraith

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 02/06/2013 - 21:32 | 3221940 secret_sam
secret_sam's picture

It's so much worse than even otto knows.  There's computer software out there that can read your thoughts--have you ever noticed what the average cellphone headset looks like, and where it's positioned?

http://www.emotiv.com/

Of course, knowing now that you can pull an intelligible digital signal OUT through that interface, consider: how tough could it be to pump one IN?

And you guys think you come to ZH by your own free will.  Pfft.  Amateurish, really.  The only way to be truly free is to always do the exact opposite of what you think you want.

Otherwise you're just another pawn.

Wed, 02/06/2013 - 22:16 | 3222016 Bicycle Repairman
Bicycle Repairman's picture

It's even worse than that.  .Gov has a ray that can make you orgasm.  Repeatedly.  When .gov wants you to cum, it's happening.

Wed, 02/06/2013 - 22:41 | 3222073 FEDbuster
Thu, 02/07/2013 - 00:39 | 3222222 Vendetta
Vendetta's picture

Yep, I noticed the ZH web page changes to "Come back tomorrow for 1 hour" for 1/60 of a second occasionally and sure as hell... here I am. 

Thu, 02/07/2013 - 00:44 | 3222236 secret_sam
secret_sam's picture

You'd think, but that's actually a false flag to make you believe you're able to perceive the underlying signal.  The one that does the damage.

Wed, 02/06/2013 - 19:32 | 3221594 cornedmutton
cornedmutton's picture

BS. The GPS satellite don't "ping" shit.

Wed, 02/06/2013 - 20:04 | 3221734 NotApplicable
NotApplicable's picture

Funny, four downvotes for the truth.

Of course, it isn't total BS. It's just that the cell towers do the pinging, rather than the eye in the sky.

Wed, 02/06/2013 - 20:51 | 3221843 Rustysilver
Rustysilver's picture

When using your phone, they know where you are from the cell tower you talking to. Also, they can pinpoint the sector. The distance to the tower is determine by AGC.

Wed, 02/06/2013 - 21:30 | 3221933 medium giraffe
medium giraffe's picture

Yep, you can get an android app that will tell you which cell you are attached to, the attenuation and even plot the position on google maps for you.  Not so convinced by the GPS system relaying your position though, you're just recieving a radio signal (unless the system has a 3/4G data connection also).

If you are worried by the camera surveilance, just break out the electric tape and stick it on the lens.  I suppose you could run a voltmeter across a few different components and set up a small script on your pc to record any measurements from your VM whilst your phone is switched off for a while.  Should be pretty easy to tell is there is any covert monkey business going on. 

Wed, 02/06/2013 - 21:08 | 3221884 otto skorzeny
otto skorzeny's picture

you're right about the cell tower triangulation-the same principal was used to direct Spitfires to the location of incoming Luftwaffe planes in WWII over the English Channel

Wed, 02/06/2013 - 22:28 | 3222041 2500saturdays
2500saturdays's picture

I am with corned sheep

Thu, 02/07/2013 - 08:56 | 3222528 Adahy
Adahy's picture

Cornholed sheeple

Wed, 02/06/2013 - 19:02 | 3221601 Ima anal sphincter
Ima anal sphincter's picture

http://www.appszoom.com/android_applications/tools/location-spoofer_gkmc...

You can have it change your location via GPS also. I don't know if it would fool governmental traitors or not.

Wed, 02/06/2013 - 20:11 | 3221752 NotApplicable
NotApplicable's picture

Given that "teh Goog" is a CIA op...

Wed, 02/06/2013 - 20:25 | 3221784 Strider52
Strider52's picture

If my phone sent spoofed GPS info, would I actually *BE* somewhere else?

Wed, 02/06/2013 - 20:35 | 3221809 Ima anal sphincter
Ima anal sphincter's picture

It fools https://www.mymobilerecovery.com/public/verizon/index.html

I think there is a Iphone app also.

Wed, 02/06/2013 - 19:22 | 3221646 CPL
CPL's picture

It's how some missles track as well btw.

Wed, 02/06/2013 - 20:08 | 3221743 ersatzteil
ersatzteil's picture

Cell phone tracking sounds feasible. Hamas commanders stay away from cell phones so Israel can't target them. Ahmed al-Jabari never carried one; Israel had to use drones and informants to assassinate him back in November.

Wed, 02/06/2013 - 20:14 | 3221756 NotApplicable
NotApplicable's picture

Location can be triangulated when in range of multiple cell towers. Map the towers, read the signal strength from each one, and "POOF!"

there ya are.

Wed, 02/06/2013 - 21:09 | 3221887 otto skorzeny
otto skorzeny's picture

it's not only feasible-it is kind of old technology

Wed, 02/06/2013 - 21:25 | 3221925 DeadFred
DeadFred's picture

Wait for the cluster bomb that breaks into bomblets each able to track a wireless comunication device. One weapon and the enormous US command and control advantage gets thrown back to the wave assault era. Wha,t do you think I'm the only one to think of it?

Wed, 02/06/2013 - 21:46 | 3221961 fuu
fuu's picture

Essentially JDAM.

Wed, 02/06/2013 - 19:30 | 3221668 brak
brak's picture

you mean by cell triangulation?  GPS is one way (RX) and those receivers are power hungry.  I could see manufacturers/network operators having a low power wake/sleep cycle so the cell modem can check in with the towers.

Thu, 02/07/2013 - 00:12 | 3222182 malek
malek's picture

Close but no cigar.

GPS sends weak signals from satellites, but there is no way for a cell phone to communicate back.
That can only happen over the cellular network. But even without a GPS capable phone, triangulation from several cellular antennas can pinpoint your position at least to within a block.
This also works underground so folks declaring "my phone even gets a GPS signal in the subway within a few seconds" are confused and have no clue what their talking about.

Wed, 02/06/2013 - 18:53 | 3221571 enloe creek
enloe creek's picture

them revenuers is comming ta git ya, better put ur pants on

Wed, 02/06/2013 - 18:53 | 3221573 Buckaroo Banzai
Buckaroo Banzai's picture

"Is your life form classified as human?"

"Negative. I am a meat Popsicle."

http://www.youtube.com/watch?v=G8pC8iYQSXI&feature=youtube_gdata_player

Wed, 02/06/2013 - 19:08 | 3221620 Freddie
Freddie's picture

Signed your friend - Dronie (with 4 hellfire missiles).

 

Hope & Change.

This bad economic news is BULLISH!  Good for 3,000 more points on the Dow! 

Wed, 02/06/2013 - 23:59 | 3222164 weyes1
weyes1's picture

Best post of the night.

Well done.

Wed, 02/06/2013 - 18:46 | 3221553 tradingdaze
tradingdaze's picture

I'm drinking my fix.

Wed, 02/06/2013 - 19:44 | 3221690 Moon Pie
Moon Pie's picture

The smoker you drink....the player you get.

"Lookee here buddy, you wanna be like me? Pull out yer six shooter and rob every bank you can see.  Tell the Judge I said it was alright. Yes." - Bob Dylan, Bob Dylan's Blues

Wed, 02/06/2013 - 18:52 | 3221570 mightycluck
mightycluck's picture

Great article! Love the pizza with a house sale.

But the Fed and Dems (and some Republicans) want to keep the FHA rolling the dice in their attempt to create ANOTHER housing bubble. Unbeleiveable!

http://confoundedinterest.wordpress.com/2013/02/06/mortgage-purchase-app...

Wed, 02/06/2013 - 22:00 | 3221983 disabledvet
disabledvet's picture

well they appeared to have created "a car bubble" instead. since "that housing bubble comes with wheels and an engine" it doesn't show up in any of the housing numbers. Trust me...if you get "free fuel for life" you'll know what it means. This is a big reason why the USA has inflation in the 70's...but not this time. back then "oil really was God" and everything had to "bow down to the mighty goo." this time around though the Banks got so...big isn't the right word...i would argue "connected" (via Fannie and Fred...i remember mowing lawns for a DC Bankster back then. Lonely life...but rich as all get up) so "all that followed was simply an afterthought. To me i don't believe in the TPTB thesis because i don't think Alan Greenspan really had a clue what he was doing when he inverted the yield curve oh those many years (hint, hint: "he fled to the wrong country.") so when the whole FEDERAL edifice blew (instead of "merely the banks") the Crazy 'Mericans just starting "throwing money at the wall to see what would stick." The auto industry is a FASCINATING and ONGOING case of "what is it?" Everyone "loves cars" so politically it seemed a no brainer (just watch the movie, right?)...but i'm not sure the impact here was clearly thought through. did they want their money back? did they want greater fuel efficiency? did they just want to tell management to die and leave it at that? i'm STILL unclear....but "we do have a lot of gas guzzlers to show for it." what happens of course when "they start producing cars that need zero fuel" is a rather novel idea. we have invested hundreds of billions in the space...i would think this would be good for housing as "i could live in my garage in hopes that one day i could pay my house off." and still go to work too! hell...that could BE work! anywho http://www.youtube.com/watch?v=vSME53nL8tg

Wed, 02/06/2013 - 20:58 | 3221855 I am on to you
I am on to you's picture

I,m fixing a hole where the rain gets in,it stops my mind from wondering!

 

I whised i had been on the Liebor fixing team,pennys from heaven!

 

Thanks for the inspiration!1+

Wed, 02/06/2013 - 18:31 | 3221510 Bunga Bunga
Bunga Bunga's picture

How come to bother people with questions on barbaric relics these days? People are busy and need to get back to the drone controls.

Wed, 02/06/2013 - 18:39 | 3221528 madcows
madcows's picture

That is funny.  The closest guy was off by $1000.  There really is no hope for this country.  Our future is so dark we need to wear shades.

Wed, 02/06/2013 - 19:19 | 3221640 Monedas
Monedas's picture

Funny .... Mr. Dice looks like he's in Santa Monica, CA .... a block away from Lear, Amark and a bunch of other gold investment houses .... LOL !

Wed, 02/06/2013 - 19:45 | 3221696 Overfed
Overfed's picture

Holy fuck! Really!?

One more illustration of just how fucked and stupid Americans really are. Jeezuz Keyrist! We're long due for a comet strike.

Wed, 02/06/2013 - 20:34 | 3221806 espirit
espirit's picture

Close.

Neo 2012 DA 14

 

Wed, 02/06/2013 - 19:51 | 3221707 HaroldWang
HaroldWang's picture

How stupid can you be? Once he tells you, walk away, call your friend and BINGO! he gets the oz. and hopefully splits the value with you as he promised he would when you called.

Wed, 02/06/2013 - 20:40 | 3221822 km4
km4's picture

Geithner to Write Book on U.S. Response to Financial Crisis

http://www.bloomberg.com/news/2013-02-06/geithner-to-write-a-book-about-...

 

Ha...............what a joke !

Wed, 02/06/2013 - 21:13 | 3221894 bobthehorse
bobthehorse's picture

I don't see a conspiracy of optimism.

The truth?

Most don't understand economics.

It bores them.

http://www.angrysinner.blogspot.kr/2013/02/yesterday-dragon-lady-served-steak-for.html

Wed, 02/06/2013 - 21:53 | 3221971 respect the cock
respect the cock's picture

We're bored of you, and your batshit crazy blog pimping.

Wed, 02/06/2013 - 18:10 | 3221432 CaptainSpaulding
CaptainSpaulding's picture

All is well reads the headline.. So does this mean im alright Spider?

http://www.youtube.com/watch?v=E4VxewepbYk

Wed, 02/06/2013 - 18:16 | 3221459 max2205
max2205's picture

Dudes chaffing my chummmbuzzzz

Wed, 02/06/2013 - 18:07 | 3221433 DavidPierre
DavidPierre's picture

“Facts do not cease to exist because they are ignored.”

Why should Quinn let 9/11Facts get in the way of his plagiarized storyline?

 

SmokeyQuinn relies primarily on character assassination and belligerent disregard for logic in order to derail 9/11 debate.  He will not attack your position but will attack you personally.  He scoffs, he giggles, he taunts like a child.  But when it’s all over he has nothing to say about the criminals and traitors behind 9/11 and very little of any original substance about the truth behind the real USSA’s Fascist economy.  

 

9/11: A Conspiracy Theory

http://www.corbettreport.com/911-a-conspiracy-theory/

 

With 9/11 and the 9/11Wars, we are seeing the final desperate power-grab or "endgame" of brutal, cunning gangs of CIA drug-runners and President-killers; money-laundering international bankers and their hit-men.

In short, the whole sick crew of certifiable psychopaths running our so-called civilization is running scared.

 It was their terror of losing control that they projected their perverted power onto the world when they dramatically bombed the WTC Towers inciting temporary psychopathic terror ,rage and outright stupidity in most of the AmeriKlan public.

 

9/11 Is the Litmus Test

http://www.youtube.com/watch?v=AVY-iQDO8pg

 

The fog is in your brain Quinn!

Wed, 02/06/2013 - 18:10 | 3221443 Jim Quinn
Jim Quinn's picture

Douchebag says what?

Wed, 02/06/2013 - 18:30 | 3221493 DavidPierre
DavidPierre's picture
Stop drooling on your keyboard for 15 minutes and maybe you will learn something.


9/11 Explosive Connections

https://www.youtube.com/watch?v=4LDdRVthqQU


The 9/ 11 Masterminds


WTFU or STFU!!!
Wed, 02/06/2013 - 21:01 | 3221866 Max Hunter
Max Hunter's picture

Ohhhh.. Look here.. We have enough trolls to gain victory on the arrows against the 9/11 truth movement.. Good Job Mossad, CIA, and well.. all you fuckers..

Wed, 02/06/2013 - 22:14 | 3222012 lakecity55
lakecity55's picture

Man, like, 9/11 is so yesterday... keep staring at it like they want while the Drone sneaks up on your ass.

Wed, 02/06/2013 - 22:08 | 3222002 disabledvet
disabledvet's picture

sign me up i want in! i want to be on the kill list! (oh, wait. i already am. well, sign me up anyways. "i'm ready to do my part for the conspiratorial underworld." it's not different than farting at inappropriate times, right?)

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