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Guest Post: Show This To Anyone That Believes That "Things Are Getting Better" In America

Tyler Durden's picture


Submitted by Michael of The Economic Collapse blog,

How can anyone not see that the U.S. economy is collapsing all around us?  It just astounds me when people try to tell me that "everything is just fine" and that "things are getting better" in America.  Are there people out there that are really that blind?  If you want to see the economic collapse, just open up your eyes and look around you.  By almost every economic and financial measure, the U.S. economy has been steadily declining for many years.  But most Americans are so tied into "the matrix" that they can only understand the cheerful propaganda that is endlessly being spoon-fed to them by the mainstream media.

As I have said so many times, the economic collapse is not a single event.  The economic collapse has been happening, it is is happening right now, and it will continue to happen.  Yes, there will be times when our decline will be punctuated by moments of great crisis, but that will be the exception rather than the rule.  A lot of people that write about "the economic collapse" hype it up as if it will be some huge "event" that will happen very rapidly and then once it is all over we will rebuild.  Unfortunately, that is not how the real world works.

We are living in the greatest debt bubble in the history of the world, and once it completely bursts there will be no going back to how things were before.  Right now, we are living in a "credit card economy".  As long as we can keep borrowing more money, most people think that things are just fine.  But anyone that has lived on credit cards knows that eventually there comes a point when the game is over, and we are rapidly approaching that point as a nation.

Have you ever been there?  Have you ever desperately hoped that you could just get one more credit card or one more loan so that you could keep things going?

At first, living on credit can be a lot of fun.  You can live a much higher standard of living than you otherwise would be able to.

But inevitably a day of reckoning comes.

If the federal government and the American people were forced at this moment to live within their means, the U.S. economy would immediately plunge into a depression.

That is a 100% rock solid guarantee.

But our politicians and the mainstream media continue to perpetuate the fiction that we can live in this credit card economic fantasy land indefinitely.

And most Americans could not care less about the future.  As long as "things are good" today, they don't really think much about what the future will hold.

As a result of our very foolish short-term thinking, we have now run up a national debt of 16.4 trillion dollars.  It is the largest debt in the history of the world, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House.

The chart that you see below is a recipe for national financial suicide...

U.S. National Debt

Of course things have accelerated over the past four years.  Since Barack Obama entered the White House, the U.S. government has run a budget deficit of well over a trillion dollars every single year, and we have stolen more than 100 million dollars from our children and our grandchildren every single hour of every single day.

It is the biggest theft of all time.  What we are doing to our children and our grandchildren is beyond criminal.

And now our debt is at a level that most economists would consider terminal.  When Barack Obama first entered the White House, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 103 percent.

We are officially in "the danger zone".

If things really were "getting better" in America, we would not need to borrow so much money.

Our politicians are stealing from the future in order to make the present look better.  During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

That is utter insanity!

If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

So what is the solution?

Get ready to laugh.

The most prominent economic journalist in the entire country, Paul Krugman of the New York Times, recently suggested the following in an article that he wrote entitled "Kick That Can"...

Realistically, we’re not going to resolve our long-run fiscal issues any time soon, which is O.K. — not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts.


So we should avoid that damage by kicking the can down the road. It’s the responsible thing to do.

You mean that we might actually do damage to the debt-fueled economic fantasy world that we are living in if we stopped stealing so much money from future generations?

Oh the humanity!

It is horrifying to think that all that one of the "top economic minds" in America can come up with is to "kick the can" down the road some more.

Unfortunately, neither Paul Krugman nor most of the American people understand that our financial system is actually designed to create government debt.

The bankers that helped create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plans worked.

At this point, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was first created.

So why don't the American people understand what the Federal Reserve system is doing to us?

It is because most of them are still plugged into the matrix.  A Zero Hedge article that I came across today put it beautifully...

US society in a nutshell: Chris Dorner has been around for a week and has 222 million results on Google; the Federal Reserve has been around for one hundred years and has 187 million results.

If nothing is done about our exploding debt, it is only a matter of time before we reach financial oblivion.

According to Boston University economist Laurence Kotlikoff, the U.S. government is facing a "present value difference between projected future spending and revenue" of 222 trillion dollars in the years ahead.

So how in the world are we going to come up with an extra 222 trillion dollars?

But it is not just the U.S. government that is drowning in debt.

Just check out this chart which shows the astounding growth of state and local government debt in recent years...

State And Local Government Debt

All over the United States there are state and local governments that are on the verge of bankruptcy.  Just check out what is going on in Detroit.  The only way that most of our state and local governments can keep going at this point is to also "kick the can" down the road some more.

And of course most of the rest of us are drowning in debt as well.

40 years ago, the total amount of debt in the U.S. economic system (government + business + consumer) was less than 2 trillion dollars.

Today, the total amount of debt in the U.S. economic system has grown to more than 55 trillion dollars.

Can anyone say bubble?

The good news is that U.S. GDP is now more than 12 times larger than it was 40 years ago.

The bad news is that the total amount of debt in our financial system is now more than 30 times larger than it was 40 years ago...

Total Credit Market Debt Owed

At the same time that we are going into so much debt, our ability to produce wealth continues to decline.

According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.  That is not just a decline - that is a nightmarish freefall.  Just check out the chart in this article.

We are becoming less competitive as a nation with each passing year.  In fact, the U.S. has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

Most Americans don't understand this, but the United States buys far more from the rest of the world than they buy from us each year.  In 2012, we had a trade deficit of more than 500 billion dollars with the rest of the world.

That means that more than 500 billion dollars that could have gone to U.S. workers and U.S. businesses went out of the country instead.

So how does our country survive if hundreds of billions of dollars more is flowing out of the country than is flowing into it?

Well, to make up the shortfall we go to the countries that we sent our money to and we beg them to lend it back to us.  If that doesn't work, we just print and borrow even more money.

Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

That is 8 trillion dollars that could have saved U.S. businesses, paid the salaries of U.S. workers and that would have helped fund government.

But instead, our foolish policies have greatly enriched China and the oil barons of the Middle East.

Sadly, politicians from both political parties continue to boldly support the one world economic agenda of the global elite.

Just consider how destructive many of these "free trade" deals have been to our economy...

When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.

By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little "m") for the entire year.

In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

In particular, our trade with China is extremely unbalanced.  Today, U.S. consumers spend approximately 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

But isn't getting cheap stuff from China good?

No, because it costs us good paying jobs.

According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.

Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.  During 2010, manufacturing facilities in the United States were shutting down at a rate of 23 per day.  How can anyone say that "things are getting better" when our economic infrastructure is being absolutely gutted?

The truth is that there are never going to be enough jobs in America ever again, because millions of our jobs are being sent overseas and millions of our jobs are being lost to technology.

You won't hear this on the news, but the percentage of the civilian labor force in the United States that is employed has been steadily declining every single year since 2006.

Younger workers have been hit particularly hard.  In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

If you are under the age of 30 and you aren't living with your parents, there is a really good chance that you are living in poverty.  If you can believe it, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

Our economy has been steadily bleeding huge numbers of middle class jobs, and many of those jobs have been replaced by low paying jobs in recent years.

According to one study, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

And at this point, an astounding 53 percent of all American workers make less than $30,000 a year.

Oh, but "things are getting better", right?

Maybe if you live on Wall Street or if you are an employee of the federal government.

But for most families this economic decline has been a total nightmare.  Median household income in America has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

Sometimes people forget how good things were about a decade ago.  About three times as many new homes were sold in the United States in 2005 as were sold in 2012.

But we like to live in denial.

In fact, a lot of families are trying to keep up their standards of living by going into tremendous amounts of debt.

Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned.  By 2007, that figure had soared to $1.48.

Fake it until you make it, right?

But how much debt can our system possibly handle?

Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

We are a nation that is completely addicted to debt, but as the financial crisis of 2008 demonstrated, all of that debt can have horrific consequences.

As the economy has slowed in recent years, the Federal Reserve has decided that "the solution" is to recklessly print money in an attempt to get the debt spiral cranked up again.

Have they gone overboard?  You be the judge...

Monetary Base 2013

And of course this won't have any affect on the value of the money that you have been saving up all these years right?


Every single dollar that you own is continually losing value...

Purchasing Power Of The Dollar

Overall, the value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

As the cost of living continues to go up and wages continue to go down, millions of American families have fallen out of the middle class and into poverty.

If you can believe it, the number of Americans on food stamps has grown from about 17 million in the year 2000 to more than 47 million today.

But "things are getting better", right?

Incredibly, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.

But "things are getting better", right?

There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

But "things are getting better", right?

In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

But "things are getting better", right?

Today, more Americans than ever have found themselves forced to turn to the federal government for help.

Overall, the federal government runs nearly 80 different "means-tested welfare programs", and at this point more than 100 million Americans are enrolled in at least one of them.

According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

So is it a good sign or a bad sign that the percentage of Americans that are financially dependent on the federal government is at an all-time high?

And in future years the number of Americans that are receiving benefits from the federal government is projected to absolutely skyrocket.

Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

If you take a look at Medicare, things are very more sobering.

As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for every single household in the United States.

Are you ready to contribute your share?

Social Security is a complete and total nightmare as well.

Right now, there are approximately 56 million Americans collecting Social Security benefits.

By 2035, that number is projected to soar to an astounding 91 million.

Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

Oh, but don't worry because "things are getting better", right?

I honestly do not know how anyone can look at the numbers above and come to the conclusion that the economy is in good shape.

We have accumulated the largest mountain of debt in the history of the world, our economic infrastructure is being gutted, we are bleeding good jobs, government dependence is at an all-time high and we are getting poorer as a nation with each passing day.

But other than that, everything is rainbows and lollipops, right?

If you want to see the economic collapse, just open up your eyes.

And if dramatic changes are not made quickly, things are going to get much, much worse from here.

Please share this article with as many people as possible.  Time is quickly running out and there are a whole lot of people out there that we need to wake up while we still can.

The Economic Collapse Is Happening


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Mon, 02/11/2013 - 14:30 | 3234017 francis_sawyer
francis_sawyer's picture

I say we just go drop watermelons off the top of that building in the foto there & have ourselves a little fun along the way...

Mon, 02/11/2013 - 14:32 | 3234030 battle axe
battle axe's picture

Damn it, I knew I should not of given up crack. 

Mon, 02/11/2013 - 14:46 | 3234093 redpill
Mon, 02/11/2013 - 14:50 | 3234110 Shocker
Shocker's picture

Thanks for the great post. It is really sad to see, but its reality

Layoffs / Business Closing List


Mon, 02/11/2013 - 15:14 | 3234215 caconhma
caconhma's picture

Note China language. It is not a pussy anymore. Just watch them in 2-3 years!

China demands US lift sanctions on firm

BEIJING, Feb. 11 (Xinhua) -- The Chinese government has expressed strong opposition to U.S. sanctions on a Chinese military defense firm and urged they be lifted immediately.

The United States imposed the sanctions according to its domestic laws, an act that has seriously violated norms governing international relations and harmed China's interests, the Ministry of Foreign Affairs said on Monday.

China is strongly dissatisfied with and firmly opposed to the act, and it has lodged a solemn representation to the U.S. side, spokesperson Hua Chunying said in a statement.

"We urge the United States to immediately correct the wrongdoing, lift the groundless sanctions on this company and its individuals, and stop actions that will hurt China's interests and Sino-U.S. relations," the spokesperson said.


Mon, 02/11/2013 - 15:25 | 3234251 Manthong
Manthong's picture

At least the skeleton structure of the economy offers great cross-ventilation and a panoramic view of the bottom into which it will collapse.

Mon, 02/11/2013 - 15:33 | 3234282 redpill
redpill's picture

As the economy gets worse, will the chicks in the asian bride import ads get hotter or uglier?  I'm looking for leading indicators here.

Mon, 02/11/2013 - 15:39 | 3234307 TerminalDebt
TerminalDebt's picture

That's so racist.

I prefer the Russian ones myself.

Mon, 02/11/2013 - 15:43 | 3234319 redpill
redpill's picture

Yeah until you wake up in a bathtub full of ice with a note that says "call 911 you have no kidneys"

Mon, 02/11/2013 - 20:09 | 3235122 Hulk
Hulk's picture

asian chicks have bad morning breath. Assaulted Olfactory senses vs bad blood chemistry.Tradoffs, we are always dealing with Tradeoffs.

Mon, 02/11/2013 - 20:50 | 3235235 Enslavethechild...
EnslavethechildrenforBen's picture

Looks like the crackheads found that building

Mon, 02/11/2013 - 15:50 | 3234354 johnQpublic
johnQpublic's picture

that will depend on where the asians begin to import their brides from

Mon, 02/11/2013 - 16:24 | 3234523 CPL
CPL's picture

Florida.  Lots of mature single ladies.

Mon, 02/11/2013 - 17:42 | 3234780 espirit
espirit's picture

Whew!  And butt ugly below the neckline.  Zippers on the backside of the head give em' a permanent smile ;)

Mon, 02/11/2013 - 15:38 | 3234300 TerminalDebt
TerminalDebt's picture

We are not stealing from our children at all. t some point when we decide it time to balance the budget, we also default on all the loans and everything is reset. We are just stealing from the people who are stupid enough to buy bonds.


Mon, 02/11/2013 - 17:50 | 3234816 Honey Badger
Honey Badger's picture

If easy credit is being used to buy things that one cannot pay for with one's own labor, then we are most certainly stealing from our children.  Said another way, if we live beyond our means, then someday, most people will have to live well within theirs.  Said another way, when the great reset comes, the average standard of living will fall considerably for some time. 

Mon, 02/11/2013 - 16:51 | 3234620 ebworthen
ebworthen's picture

A war with China, even a small naval engagement over Taiwan or Japanese islands, could void any Treasury debt we owe them.

Knowing the Kleptoligarchy they will probably raid IRA's and 401K's first, but I wouldn't doubt that an act of war with China and voiding debt is part of the plan.

The debt jubilee for the little people will be last.

Mon, 02/11/2013 - 15:09 | 3234194 daxtonbrown
daxtonbrown's picture

We are already in a slow boil civil war. That is what Saul Alinsky tactics are all about.

Mon, 02/11/2013 - 15:53 | 3234374 Overfed
Overfed's picture

I dunno if I want to read an author who asserts that the first Civil War was fought to end slavery.

Mon, 02/11/2013 - 16:58 | 3234649 gofigure
gofigure's picture

hear here...

Mon, 02/11/2013 - 17:09 | 3234685 A Nanny Moose
A Nanny Moose's picture

It is said that the use of force results in the exact opposite of the stated intent. We used force to, umm..."End Slavery," fight the commies, fight the fascists. Hell, we used force to separate from the tyranny of "England."



Mon, 02/11/2013 - 15:12 | 3234205 Antifaschistische
Antifaschistische's picture

I'll share my weekend experience...I was in La Jolla, the little northern suburb of San Diego and frequent target of the 'lifestyle of the rich and famous" crowd.  Browsing through the shops there I decided to ask the shop owners how business was going.  Their responses ranged from "not so good" to "terrible".   They know that "something happened 2 to 3 years ago.  They don't know what.  Their optimistic bias and MSM convinces them it's a rough patch they just have to weather.

A couple of them admitted to wanting to close shop...but they were locked into long term leases with a landlord that would not renegotiate terms....even though the shop on the left, and right sat completely empty.   One shop owner said the landlord directly told them that if they renegotiate her lease, they would eventually dilute the rental values of other, they chose the delusional path.

Things aren't getting better...anywhere that I travel.   Parts of Houston appear to be doing well but optimism drives most of that bias.   Parts of Pasadena, San Marino, etc...look nice, but the Chinese have jacked the market up there so much it's creating a false positive in the real estate market.  Once California extends their 'burn the rich' tactics and turns onto the luxury real estate market, I fear my Chinese friends will get smoked.


Mon, 02/11/2013 - 15:17 | 3234228 SemperFord
SemperFord's picture

Drive around LA and OC and you will see tons and tons of commercial buildings for rent. Our company is surrounded by four building where the rents are over 10K per month and have been empty for almost 2 years. I am sure if you would ask Bernanake he would say they all won the lotto and don't need to work and don't need to pay rent anymore and that is why they are vacant.

Mon, 02/11/2013 - 20:42 | 3235215 Enslavethechild...
EnslavethechildrenforBen's picture

San Diego/Baja economy entering a severe 50 year depression.  

EBT cards and prostitution the only things preventing total societal meltdown.

Drones all but black out the sky.

Natzi interrogation roadblocks all over the place.

That's what you get when you let the Bankers print themselves free money and run the Military.

Tue, 02/12/2013 - 08:43 | 3236195 Canoe Driver
Canoe Driver's picture

Student Loans, too, not just EBT Cards and prostitution, are preventing societal meltdown.  Nowhere more so than in San Diego.

Tue, 02/12/2013 - 08:43 | 3236196 Canoe Driver
Canoe Driver's picture

Student Loans, too, not just EBT Cards and prostitution, are preventing societal meltdown.  Nowhere more so than in San Diego.

Mon, 02/11/2013 - 16:32 | 3234554 Kayman
Kayman's picture

"the Chinese have jacked the market up"

Odd thing that.... the country with jobs is spending money buying up America.  Good thing we have such superior leadership. 

Mon, 02/11/2013 - 16:57 | 3234646 ebworthen
ebworthen's picture

La Jolla - now there is a town with a dome over it, kind of like Washington D.C.

If that rich crowd is not spending at those shops than things are indeed going badly.

My small metropolitan community in the Intermountain West is chock full of empty commercial property and "going out of business" signs.

The FED has done a fine job of blowing another bubble, twice as big as the last one.

Mon, 02/11/2013 - 17:24 | 3234722 Jumbie
Jumbie's picture

Nice micro brew spots here, although the la Jolla Brewhouse itself no longer can afford a brewmaster...

New record home sale in LJ too.

Mon, 02/11/2013 - 18:28 | 3234912 nightshiftsucks
nightshiftsucks's picture

Silicon Valley and the SF East Bay Area is booming.

Mon, 02/11/2013 - 20:47 | 3235231 Enslavethechild...
EnslavethechildrenforBen's picture

Now you're in Ben Bernanke's neighborhood.


Mon, 02/11/2013 - 22:53 | 3235506 Miffed Microbio...
Miffed Microbiologist's picture

I was in Torrey Pines last weekend hiking and went over to Girard street in La Jolla to have some lunch. We hadn't been there for about 3 years. What we we saw was absolutely stunning. Numerous prime store front properties vacant. I have NEVER seen this in 30 years. Mr miffed and I always say " well we're suffering because we're middle class wage slaves but the rich will always have money". Wow, I have completely changed my mind. I was about ready to go home and start digging a bunker but Mr Miffed wasn't convinced. He's clinging to the remote hope what we saw was just off season and, perhaps, if we return in summer everything will be as it was. This is what happens when you read too much USA Today.


Mon, 02/11/2013 - 15:37 | 3234295 DoChenRollingBearing
DoChenRollingBearing's picture

@ battle axe

+ 1

I know your statement is in jest, but in BAD economic times, giving up ANY addictions is a good thing.  In my own case, I save about $7.00 in cash every day now, that does not count indirect health reduction costs...

Mon, 02/11/2013 - 19:18 | 3235026 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Where'd you find crack for $7.00? Apparently I'm doing it wrong.

Mon, 02/11/2013 - 19:21 | 3235029 Freewheelin Franklin
Freewheelin Franklin's picture

Try the Silk Road

Mon, 02/11/2013 - 20:42 | 3235220 Jendrzejczyk
Jendrzejczyk's picture

I'm rolling my own smokes now. Horrid addiction I know, but interesting results changing from name brand to roll your own.

The rat impulsively hitting the crack button feeling is no longer there.

The bored, smoking while driving, has stopped.

No pre-rolling allowed.

Tue, 02/12/2013 - 01:04 | 3235842 Hi Ho Silver
Hi Ho Silver's picture

$1/pack using a Top-O-Matic. I manufacture 20 filtered cigarettes a session, about 30 minutes. Now I smoke 1/2 of what I used to.

Mon, 02/11/2013 - 16:05 | 3234432 Silver Bug
Silver Bug's picture

The wealth gap is growing drastically. Things most certainly are not getting "better".

Mon, 02/11/2013 - 18:37 | 3234936 prains
prains's picture

When have things in the states ever been that good????????? first off was probably before white guys ever showed up, after that, total shit show.

Mon, 02/11/2013 - 14:32 | 3234032 Charles Nelson ...
Charles Nelson Reilly's picture

fuck watermelons... let's airlift Corzine into that corner penthouse suite and let a wrecking ball go to work.

Mon, 02/11/2013 - 14:35 | 3234041 RockyRacoon
RockyRacoon's picture

Looks like Cognitive Dissonance described it best as a "crumbling" rather than a crash.  At some point what's left of that building shown in the pic will finally fall, but all the effective damage has already been done.  All that's left is the small spectacle event.

Mon, 02/11/2013 - 14:57 | 3234147 tip e. canoe
tip e. canoe's picture

looks like someone has been lurking.

personally i prefer the tobacco barn.

Mon, 02/11/2013 - 16:03 | 3234417 DaveyJones
DaveyJones's picture

some buildings fell faster than gravity so all the others could crumble

Mon, 02/11/2013 - 15:58 | 3234399 Never One Roach
Never One Roach's picture

Years away from a "recovery"....The place is filled with parasites, leeches and Roaches....and if's there's one thing I know for sure....


There's Never only One Roach!

Mon, 02/11/2013 - 18:57 | 3234975 mmanvil74
mmanvil74's picture

The U.S. government is living on a credit card, with one slight difference - it can print it's own montly payments!  The debt will never be repaid, it's pointless to be outraged, or even surprised, by increases in U.S. Federal debt.  Look at Japan, they have been printing to keep afloat for 23 years and counting.  Yes, it will be a slow economic disaster for the U.S. as the middle class divides into rich and poor (mostly poor), but you can still enjoy life and try to get rich, even while the walls of the building fall off around your head.  People who yell "fire" every day are just as annoying as Ben Bernanke yelling "print" every few months. 

Mon, 02/11/2013 - 20:38 | 3235211 ImReady
ImReady's picture

A simpler solution would probably be to eliminate 100 million citizens. Brother can you spare a body bag?

Mon, 02/11/2013 - 14:28 | 3234018 DoChenRollingBearing
DoChenRollingBearing's picture

Most people I talk with (small business) see no "green shoots".

Think things may go downhill, now or later?  Gold is the best wealth protector.

Mon, 02/11/2013 - 14:35 | 3234042 unrulian
unrulian's picture

next to silver

Mon, 02/11/2013 - 15:00 | 3234161 I need more cowbell
I need more cowbell's picture

Yeah, thats why we have so many ZH article informing us that Russia, China, and pretty much every mega-producer of oil etc buying silver. Not. Hey, I may not like CB's and Bullion Banks ( and aforementioned sovereign states ), hate em in fact, but to ignore what they find valuable would be dumb.

Mon, 02/11/2013 - 15:04 | 3234170 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You don't know if the Nation-States are buying silver because silver isn't used as a reserve on their balance sheets so they don't report their silver holdings.


Silver isn't used as a reserve on balance sheets....yet.

Mon, 02/11/2013 - 15:11 | 3234202 resurger
resurger's picture

You are a true barbarian Hendrix! lol

Mon, 02/11/2013 - 16:47 | 3234606 FEDbuster
FEDbuster's picture

We know one government that is stocking up on some alternative precious metals; lead, copper and brass.  DHS has bought over 1.5 billion rounds of ammunition over the past year and a half.  Most of it, hollow point ammunition.  This is a huge stockpile, but it's anyone's guess as to the reason.

Mon, 02/11/2013 - 17:44 | 3234790 The Heart
The Heart's picture

"This is a huge stockpile, but it's anyone's guess as to the reason."

A guess: Suppose you knew well that the banksters were going to devalue the money in peoples bank accounts (really pissing people off), as well as the currency itself (as other countries are doing now), all the while keeping them focused on everything you can to distract them that could well be 'wag the dog' style created. Suppose a bank holiday was coming to do this as it has been done before, all the while training massive amounts of murderous mercenary troops to go house to house to take out all the seditious americans that hold dear their God given rights and the foundations that America was built on. Suppose that as one country begins the currency wars, another will follow suit, and so on until it happens in the USA. All according to well laid bankseronian plans of course. Don't you think every fool that is stupid enough to stand with the zionist/nazi/fascist/evil/ugly bankster money changer empire of horrendous evil and wrong-filled corruption is going to REALLY NEED those hollow points to defend themselves, and the wicked banksters that have hired them the mercenaries to protect the god money?

"One thing you can be sure of is, just as the people of Venezuela had no forewarning about the devaluation of their currency, we won’t be told until it’s already too late."

For entertainment purposes only.:



Mon, 02/11/2013 - 19:33 | 3235056 Mike in GA
Mike in GA's picture

I think we WILL be told when the devaluation is about to occur:  they'll do it right when the denials saying they're NOT gonna do it are the loudest,

Same as it ever was.


Mon, 02/11/2013 - 19:59 | 3235106 FEDbuster
FEDbuster's picture

"When it gets really serious, you have to lie."

Mon, 02/11/2013 - 15:32 | 3234281 DoChenRollingBearing
DoChenRollingBearing's picture

@ Lennon Hendrix


If ANY country puts silver into circulation as money (and prices it right, say just strike Silver Eagles and put a $100 value rather than the $1 we see now) we may get FreeSilver.  Which would be an awesome sight and so completely unexpected that you really could call it a "White Swan" (for us!) or a Black Swan (for Bernanke, JPM, statists, et al).

Physical silver DOES have its place in a diversified portfolio.

Mon, 02/11/2013 - 15:08 | 3234191 Shell Game
Shell Game's picture

I'm with DoChen and history on this one, gold is the ultimate SoV across time.  But, for velocity I would go with pre-1964 90% silver every time.

Mon, 02/11/2013 - 15:34 | 3234283 DoChenRollingBearing
DoChenRollingBearing's picture

Throw in some platinum with that gold and silver, and you're covered!

Mon, 02/11/2013 - 15:56 | 3234392 Shell Game
Shell Game's picture

Pt, a true gentleman's hedge.  ;^)

Mon, 02/11/2013 - 17:16 | 3234702 Matt
Matt's picture

Nickel slabs are supposed to be good as well, based on stories I've heard from people who lived through the collapse of the Soviet block. Nickel holds its value throughout history quite well, once oxidized it looks like a pile of slate (practically worthless and hidden in plain sight) and it is difficult to steal, since you can have a stack weighing in the tons.

Mon, 02/11/2013 - 17:55 | 3234823 The Heart
The Heart's picture

" But, for velocity I would go with pre-1964 90% silver every time."

One often wonders what there will be left to buy in a country after the planed chaos and destruction by other countries has taken place. Will there be anything left in america after it is nuked, or bio/chem attacked? Will there be any worthy environments left to grow food in? Will there be anyone left at all with anything of value to trade silver dimes with?

Open question to the forum elders here that have knowledge about nazi germany during World War Two.:

What did people have to trade with in the bombed out cities, and what was there to trade for with real silver coinage then?

And, will other countries take the american silver coinage after the holocaust and elimination of the american empire of dust?

Thank you in advance for your educational Light.

Mon, 02/11/2013 - 19:58 | 3235101 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I appreciate that you care but just because the dollar fails to act as a sustainable currency does not mean the world will fall apart.  In fact it is possible we will be better off without it. 

We used gold and silver as money up until 50 some years ago, and for thousands of years we did fine.  So the dollar collapses and we go back to a real money standard, so what? 

Life will go on.

Tue, 02/12/2013 - 02:36 | 3235963 Shell Game
Shell Game's picture

Ammo barter has increased dramatically in the past two months (  Life will indeed go on..

Tue, 02/12/2013 - 09:00 | 3236214 jerry_theking_lawler
jerry_theking_lawler's picture

plus 'accessory' barter....went to a gunshow with a friend of mine this past weekend. he was bartering/selling primarily magazines he had picked up CHEAP years ago at army surplus. he had about 30 mags (mix of AR 30 rounders and M14), sold the M14s for $50/ea, sold the ARs for $25/ea. He turned right around and exchanged his paper 'barter' for most of the cost of a new AR (even at inflated rates)....

Mon, 02/11/2013 - 14:29 | 3234019 Flakmeister
Flakmeister's picture

The end of an era is never a pretty thing... It also takes a lot longer than people expect...

Mon, 02/11/2013 - 14:54 | 3234130 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fights will go on as long as they have to....

Mon, 02/11/2013 - 15:12 | 3234207 Brindle702
Brindle702's picture

How long did it take for Rome to fall?

Mon, 02/11/2013 - 15:24 | 3234253 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is not Rome.  This is all Nation-States printing an amount of debt/credit out of thin air that is unbelievable.

Mon, 02/11/2013 - 16:31 | 3234559 Brindle702
Brindle702's picture

Are you're implying that this time is different?  That once confidence in fiat fails it'll all break down at once?  Why, that could happen overnight!


I'm glad that not every nation-state uses fiat, oh wait...


What was fiat again?  Fancy paper with pretty pictures on it backed by the full faith ... full faith ... nothing tangible ??? just an idea (faith)

Mon, 02/11/2013 - 17:18 | 3234704 A Nanny Moose
A Nanny Moose's picture

Faith is the result of outsourcing of one's capacity to think.

Mon, 02/11/2013 - 17:54 | 3234822 Matt
Matt's picture

Rome fell by devaluing it's currency in order to deal with chronic deficits. However, their coins were silver; the devaluing was by lowering silver content. They collapsed when the coins were just dipped in silver.

Who knows how far you can devalue paper before people lose faith? Unlike with silver, you can theorectically devalue fiat money forever. 

Mon, 02/11/2013 - 19:44 | 3235073 tenpanhandle
tenpanhandle's picture

I'd have much more faith (zero now) in our politicians if they were just dipped in silver.

Mon, 02/11/2013 - 16:09 | 3234444 DaveyJones
DaveyJones's picture

How many derivatives did the Roman Senators hold? How many High Frequency Traders?

everything will be exponentially faster, larger and louder when it falls


Mon, 02/11/2013 - 17:34 | 3234751 Hulk
Hulk's picture


Mon, 02/11/2013 - 17:56 | 3234825 Matt
Matt's picture

I'm betting food or energy shortage will be what takes things down, not a bunch of bits and bytes.

Mon, 02/11/2013 - 18:58 | 3234976 DaveyJones
DaveyJones's picture

you're absolutely right but (1) of the reasons we're in this predicament is that too many people have confused the unreal economy (computers + bloated finance X crack) with a real economy based on real things that matter. Like energy and food and making stuff with sutff - that you don;t just throw away. And your government (together with "bankers") are the biggest perpetrators of this fraud. This is what builds the cliff higher and pushes us faster and faster to the edge.

My kids will be so proud   

Mon, 02/11/2013 - 19:53 | 3235092 Ineverslice
Ineverslice's picture


"Care to Supersize that Donkey Burger, sir?"

Mon, 02/11/2013 - 16:17 | 3234495 Uber Vandal
Uber Vandal's picture

If you want to get technical, the last vestiges of the Roman emprie fell in 1453 AD with the fall of Constantinople.

The capture of Constantinople (and two other Byzantine splinter territories soon thereafter) marked the end of the last remnant of the Roman Empire, an imperial state which had lasted for nearly 1,500 years.

Mon, 02/11/2013 - 17:58 | 3234829 Matt
Matt's picture

Interesting how they only count Rome as an Empire once it had an Emperor, rather than including any of the hundreds of years when the Roman Republic was occupying other territories.

Mon, 02/11/2013 - 21:04 | 3235265 CPL
CPL's picture

They didn't.  Hence the schism, protestantism, revisionism all the way to taco's with Jesus's face in them.  Most people at the time ignored Rome.  Popes were busy flouting papal decrees and using their own armies against one another in coup after coup.  Ordinary magisterium or extraordinary magisterium are the terms you want to read about if looking it up.

Most of the Popes btw were vicious old pricks.  They would kneecap each other with these things to fuck with the next guy because of Papal infallibility.  Anything said by the pope is the word of god, the word of god cannot be questioned.  And it can be about anything from required wheat yields (as decreed by god) even if there had been a drought.  To how all royals must fuck one another to keep it 'pure', or as we all know it, assbackwards inbred retards.  It's insane how much shit all of them spouted in all frames of mind, about everything.

Example, Pope Benedict the IX was just an awful human being.  He's the primary reason why the Orthodox church was started, Scotland, Wales and Ireland was burned over and over again and pillaged for centuries by their local stewards, 'Royalty'.  Any case, Benedict wrote a tonne of unnecessary decrees and papal bulls that forced Pope Urban II, the next Pope in line to continue on with the murderous decree to bind faith by the tip of a sword because to defy them was to place question on Papal infallibility.  And popes that did that usually died by heart attack (cough...poison...mostly).


It took nearly half a millennium to admit the earth travels around the sun because of one.  Now imagine all the loopy shit written down over 2000 years.  You think tax code is fucked up?  No no.  It's a mini-bic in comparison to the sun.  it's why it takes nearly 500 years to figure out, in religious 'legal' terms, that the earth is NOT the centre of the universe.

That's just the decrees.  Worse was the blessings.  Pope so much as waves a hand over a bucket and some guy is there to inventory it then collect as much information about the bucket as possible.  There are warehouses full of "holy" combs, toothpicks, old shoes, you name it.  It's in a box and has a back story.

Mon, 02/11/2013 - 18:07 | 3234854 The Heart
The Heart's picture

"The capture of Constantinople (and two other Byzantine splinter territories soon thereafter) marked the end of the last remnant of the Roman Empire, an imperial state which had lasted for nearly 1,500 years."

The capture of Taiwan, Japan, North and South Korea, Vietnam, Laos, Indonesia, Afghanistan, Philippines, Australia, New Zealand, Hawaii, Alaska, Canada, Mexico, South America, Africa, India, Pakistan, Iran, Iraq, isreal, Saudi Arabia, (and two other Byzantine splinter territories soon thereafter) marked the end of the last remnant of the American Empire, an imperial state which had lasted for nearly 240 years.


Mon, 02/11/2013 - 19:49 | 3235084 tenpanhandle
tenpanhandle's picture

Your list is full of splinters.

Mon, 02/11/2013 - 20:03 | 3235111 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Capture?  All the MIC has done since WWII is lose wars.

Mon, 02/11/2013 - 18:11 | 3234864 desirdavenir
desirdavenir's picture

Actually, AFAIK but without references, the legal entity of the roman empire was then transfered to Venice, and then to Holy roman germanic Empire. It ended around 1804 after the dissolution of that empire by Napoleon

Mon, 02/11/2013 - 15:52 | 3234369 OutLookingIn
OutLookingIn's picture

"end of an era"???

How about the end of an epoch?

The whole shebang is ending with cheap energy.

Einstien was once asked how the 3rd world war would be fought. He replied that he did not know, however he knew how the 4th world war would be fought. When prompted futher, he replied, "with sticks and stones."

Welcome to the new epoch.

Mon, 02/11/2013 - 18:52 | 3234965 Parrotile
Parrotile's picture

Not quite:

His comment was "if the Third World War was fought with Nuclear Weapons (and he was thinking strategic rather than tactical weapons), then the Fourth World War would be fought with sticks and stones"

Although I will willingly grant you the almost certain probability that, with the current degree of Global unhappiness, the probability of a "hot war" degenerating to a Nuclear war does seem to be rather high . . . . . .

Mon, 02/11/2013 - 16:45 | 3234596 Totentänzerlied
Totentänzerlied's picture

Spengler nailed it nearly 100 years ago. Western civilization's been committing a slow suicide for at least as long.

Mon, 02/11/2013 - 23:00 | 3235523 Milestones
Milestones's picture

Spengler's DECLINE OF THE WEST should be required reading for all collage graduates. Difficult-yes. Impossible-no. Get a friggin dictionary.      Milestones

Mon, 02/11/2013 - 14:30 | 3234022 Hongcha
Hongcha's picture

He's preaching to the choir here.

Mon, 02/11/2013 - 14:30 | 3234025 sitenine
sitenine's picture

Here's another sign of things getting 'better' - It is now illegal to unlock YOUR (as in the one you purchased and OWN outright) cell phone:

Mon, 02/11/2013 - 14:47 | 3234085 sitenine
sitenine's picture

And another sign of things getting better: I've had an account at a certain bank for over 20 years that never incurred a fee. Last month, the bank arbitrarily decided that my 'product' (apparently it no longer called an account) is subject to a $5 monthly fee if I don't keep a $1, 500 minimun balance. If this is 'better', they can shove the entire thing right up their ass. Are we tired of getting the shaft yet? How much more will the sheeple take before they wake the fuck up?

Mon, 02/11/2013 - 15:03 | 3234169 LawsofPhysics
LawsofPhysics's picture

when?  Simple, when the food and fuel stop flowing, not before.  History is very clear on this.  Unfortunately, by that time, the elite will be in their gated communities with serious security details.  Same as it ever was.

Mon, 02/11/2013 - 16:18 | 3234480 DaveyJones
DaveyJones's picture

Hey what do you know, the food stamp numbers are up

Am I confused, or in modern global corruption, are the elite a smaller number and the serfs a larger?  Maybe drones are the common denominator?

Mon, 02/11/2013 - 17:58 | 3234830 Honey Badger
Honey Badger's picture

Come on, don't end the story there.  Eventually, the elites are separated from their heads and we start over, promising ourselves not to make THAT mistake again. 

Mon, 02/11/2013 - 15:03 | 3234171 MachoMan
MachoMan's picture

BofA already tried that non-free checking shit...  people voted with their feet...  my guess is your bank will reconsider when the same thing happens... 

You gonna vote?

Mon, 02/11/2013 - 15:07 | 3234182 sitenine
sitenine's picture

Already voted. Converted my 'product' to silver last week :-)

Mon, 02/11/2013 - 16:13 | 3234472 debtor of last ...
debtor of last resort's picture

I will keep your silver for free. In a maximum secured storage, but only with a minimal 'deposit' of 500 ounces .999. I will even call it an account.

Mon, 02/11/2013 - 14:31 | 3234028 azzhatter
azzhatter's picture

I'm sure it's just transitory

Mon, 02/11/2013 - 14:36 | 3234044 Go Tribe
Go Tribe's picture

It's good to see a building under construction in that photo.

Hey wait a minute.

Mon, 02/11/2013 - 16:32 | 3234558 jbvtme
jbvtme's picture

it's holding up better than the twins did...

Mon, 02/11/2013 - 16:53 | 3234626 FEDbuster
FEDbuster's picture

No thermite charges to help it fall. 

Mon, 02/11/2013 - 14:37 | 3234049 Sixdeuce062
Sixdeuce062's picture

The US government thanks you for pointing out this infomation and when he added you.. er  I mean this infomatione to the list of the things to "take care of"



look towards the sky its a bird, a plane, its super drone


Mon, 02/11/2013 - 14:51 | 3234115 krispkritter
Mon, 02/11/2013 - 15:07 | 3234179 donsluck
donsluck's picture

Damn, I clicked your link. Now I'll be arrested for my idle curiosity. Damn!

Mon, 02/11/2013 - 15:49 | 3234350 Brindle702
Brindle702's picture

Jeebus!  Me too ... and I did it using Google Chrome ... so screwed

Mon, 02/11/2013 - 16:46 | 3234604 Winston Churchill
Winston Churchill's picture

+1000,sure beats my home made directed EMP setup.

Nice sitting geo stationary satelite, to aim for, instead of a moving target.

Saved to disc,don't think this site will be up long.

Mon, 02/11/2013 - 19:44 | 3235076 Parrotile
Parrotile's picture

Me too - "just in case".

Never under-rate the efficiacy and simplicity of a spark-gap device. Easy to build, easy to repair.

For a reliable and cheap HV side - your Microwave Oven Transformer, or Neon Sign Transformer, takes a lot of beating!!

Mon, 02/11/2013 - 20:32 | 3235182 Go Tribe
Go Tribe's picture

Hopefully China will keep our military pinned down while we take care of old Uncle Sam.

Mon, 02/11/2013 - 14:40 | 3234064 oleander garch
oleander garch's picture

It is only theft if someone gets something.  What makes you think that the kids will pay this in the future?  Just because this generation is stupid enough to pay the bansters doesn't mean that the next generation will. 

Mon, 02/11/2013 - 15:11 | 3234200 SeattleBruce
SeattleBruce's picture

They may not, but that's because we're shoving the whole works (including them), right off a cliff.  We'll see if we, our kids and grandkids survive the plunge to the bottom.  Brilliant, huh?  All we can do is protest in our own ways.  Disconnect from the corruption as best we can, stack phys. wealth, own/work the land, and prepare.

Mon, 02/11/2013 - 16:06 | 3234434 Shizzmoney
Shizzmoney's picture

What makes you think that the kids will pay this in the future?  Just because this generation is stupid enough to pay the bansters doesn't mean that the next generation will.

"The kids" (aka me) won't be able to pay for this? Why? We don't get paid anything, and those with capital - the Baby Boomer class - maybe the most selfish generation of ANY empire in the history of the world (their weak children, my peers, are proof of this).

This crisis, in the end, is due to two things: we have a fraud crisis (we aren't prosecuting it; we are ENCOURAGING it) and we have an income crisis (becasue we aren't honest with each other about the value of the dollar, who controls it, and the value of our work).

The tax reciepts aren't there.  And won't be........but you won't hear about this from Joe Weisenthal until there is a GOP president in 2016.

Mon, 02/11/2013 - 18:17 | 3234882 The Heart
The Heart's picture



Banksteronian population reduction agenda for IMF money changers does not have the word "kids" in it.


Mon, 02/11/2013 - 20:34 | 3235191 Go Tribe
Go Tribe's picture

As the rhyme goes...Roses are reddish, violets are bluish, if it wasn't for Jesus, we'd all be jewish.

Mon, 02/11/2013 - 19:17 | 3235022 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Just because this generation is stupid enough to pay the bansters doesn't mean that the next generation will.

The future generation may wise up, but I don't see future generations toughening up, unless some cataclysm forces them to.  They'll remain soft and compliant until slaughtered.

Mon, 02/11/2013 - 14:42 | 3234069 LongSoupLine
LongSoupLine's picture

End the fucking Fed via coinage act of 1792.  Hang Bernanke.  fucking asshole.


Impeach Obama.  Throw that fucking piece of fucking liberal suit wearing fascist over a fucking cliff.

Disband the fucking crimainally implicit fucking SEC.  fucking bank supporting one is that fucking incompetent, which means you assholes are corrupt.

Dissolve NAR.  Arrest and fucking jail in tear your ass in half prison all those money laundering fucks.

TBTF...full fucking firebomb of those priveledged fucks.  dicks.

Mon, 02/11/2013 - 14:49 | 3234105 baby_BLYTHE
baby_BLYTHE's picture

hear, hear. Also wish I had an ounce of gold for every f*** on ZH you've uttered :)

Mon, 02/11/2013 - 14:57 | 3234149 a growing concern
a growing concern's picture

That would be a fuck-ton of gold...

Mon, 02/11/2013 - 16:11 | 3234465 EINSILVERGUY

I wish I had 10 times

Mon, 02/11/2013 - 15:25 | 3234260 DoChenRollingBearing
DoChenRollingBearing's picture

@ b_B

I'd settle for a gram...

Mon, 02/11/2013 - 16:19 | 3234502 dwayne elizando
dwayne elizando's picture

baby_BLYTHE I think your hot and I like your face and I want to marry you then fall in love with you!

We can share our silver!

Mon, 02/11/2013 - 17:24 | 3234724 pods
pods's picture

Man I hope you are not typing that one handed.

Sounds like an all expense paid duct taped vacation to an undisclosed location.


Mon, 02/11/2013 - 17:22 | 3234714 pods
pods's picture

Reminds me of conversations in the hockey locker room!

It was a noun, verb, adjective and adverb all in the same story.


Mon, 02/11/2013 - 18:56 | 3234971 TheFourthStooge-ing
TheFourthStooge-ing's picture


It was a noun, verb, adjective and adverb all in the same story.

Fucken A.

Mon, 02/11/2013 - 14:53 | 3234127 WarriorClass
WarriorClass's picture

This is going to have to be done by the people.  Our elected "representatives" aren't going to do a damn thing.  Law enforcement is not going to do a damn thing.


But blow-back is coming and when it does it is going to blow Obama off the continent.


There are now about 100 million gun owners in the US.  If just 3 percent take to the field, that's an army of 3 million - bigger than the entire Chinese military.


Lock & load Patriots!

Mon, 02/11/2013 - 15:01 | 3234143 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It is pretty easy.  If we take back the money supply, the real money supply, buy trading in the fiat funny money the Fed prints and buy silver and gold, then we are in charge and the Banking Cabal loses power.

This will break the dollar and the totalitarian/technocratic/fascist power system and it will be done like a peaceful theif in the night taking the crown jewels.

Join me and Buy SIiver.

Mon, 02/11/2013 - 15:27 | 3234267 DoChenRollingBearing
DoChenRollingBearing's picture

@ Warrior and L H

Know what?  I think it is going to happen automatically, we WILL win in the end.

Mon, 02/11/2013 - 15:28 | 3234270 tbone654
tbone654's picture

Lock & load Patriots!

That's never going to happen... lemings will walk over the cliff, or stand in line to step onto the railcar that takes them to the next gimme...  A few of us will resist, but the media will call that "isolated resistance" and "mopup activity"...

I've been having this nightmare for 30 years...

Mon, 02/11/2013 - 19:31 | 3235053 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

You may be right, but look at the havoc one man is causing right now in LA. Now imagine thousands of Dorner's running around. It wouldn't take that many for a significant and effective resistance to take root. 

Mon, 02/11/2013 - 21:49 | 3235388 tbone654
tbone654's picture

I hope your right...  but even St. Peter denied Jesus 3 times during his crusifiction...  No one knows how your going to react until it's GO time...  I can talk all the shit I want, but until I'm standing in front of my house with explosives, guns and ammo, It's still just me talking big...

Mon, 02/11/2013 - 16:15 | 3234483 EINSILVERGUY

and this doesn't include  former military that swore to defend and uphold the constitution.

1100 current and former special forces personnel signed a letter defending the 2nd amendment. I have a feeling they will be on the side of the people




Mon, 02/11/2013 - 17:25 | 3234728 dtwn
dtwn's picture

I agree they will be on the side of the people.  In the end most of the military are the 99%.  They are coming home trained, some with PTSD, and struggling to find jobs like many other people.  Besides, their friends and family are also part of the 99%.  I have faith that our service members will stand on their side.  Just watch some documentaries on Afghanistan, including Restrepo.  Lots of docs on youtube, they are just kids fighting a war that they may not understand, but they are human, and I believe aware of the situation to some extent.  There is an excellent documentary on Netflix that follows a soldier from North Carolina who gets wounded and the struggles he faces building a life back home.  No way these guys are going to support the gov.

Mon, 02/11/2013 - 18:52 | 3234962 Cathartes Aura
Cathartes Aura's picture


I agree they will be on the side of the people.  In the end most of the military are the 99%.

the "side" of which people?  aren't "the 99%" rather hated here?  y'know, on benefits and shit?  aren't 45% of the returned military on SocSec disability?  and their families also on numerous government EBT programs?  isn't that why many enlisted?  for the job & bennies?

can't have it both ways guys.  need to know just "who" your "armies" are, and then decide which "sides" they may be working on/for. . . a hint is:  who were they at war with, and who benefits from their fighting?  who loses?


Mon, 02/11/2013 - 19:14 | 3235002 Law97
Law97's picture

That's why in countries that have a successful coup/overthrow, the new group coming to power ALWAYS continues military salaries and pensions.  They know what it takes to seize power:  a happy military. 

The total size of military benefits is not all that large, maybe 10% of what welfare spending is.  And like 0.01% of the total Fed-led elite bailout funds. 

If patriots/the 99% continued military pensions and bennies, then they could count on the military's support.   Continuation of military salaries and pensions by the patriots would be money very well spent. 

Mon, 02/11/2013 - 15:47 | 3234332 BLOTTO
BLOTTO's picture

The problem is is that the fucking creek is polluted further up the stream...we are not severing the head of the beast with these puppets on tv.


'Obamas,''Bernankes,''Merkels,' etc... are a dime a dozen for 'them'...Willing scum bag participants acting like lap dogs for their master...for pitiful earthly rewards on this mortal plane. Sold theirs souls they have.


The real problem and beast is behind the scenes, 'behind the King's throne' - now thats the rub!

Mon, 02/11/2013 - 14:43 | 3234076 tarsubil
tarsubil's picture

Decay isn't so bad. It can be graceful. Just look at Betty White.

Mon, 02/11/2013 - 15:09 | 3234193 inevitablecollapse
inevitablecollapse's picture

no...what would be analgous is betty white in a full feature bukakke film...that is the USA

Mon, 02/11/2013 - 16:12 | 3234467 tarsubil
tarsubil's picture

What is interesting is that denial of decay can be horrible. Just look at Mary Tyler Moore.

Mon, 02/11/2013 - 16:32 | 3234549 DaveyJones
DaveyJones's picture

and collapse sudden like Ted Knight

Mon, 02/11/2013 - 14:44 | 3234082 Cyrano de Bivouac
Cyrano de Bivouac's picture

Wow, those are some ugly looking charts.

Mon, 02/11/2013 - 14:47 | 3234087 Dre4dwolf
Dre4dwolf's picture

Maybe we don't need an economy anymore, maybe we out-grew it.

Think about it, is there really any reason that we can't give 350 million people a free house, tv, car, and years worth of food right now?

All we would have to do is produce the stuff and hand it out:

1) Homes? half of them are empty/foreclosed/people could just move in and start homesteading them

2) Food? we burn half of it to keep the price high enough to make it worth it for farmers to farm, and 25% of whats left probably goes to producing ethanol for cars

3)TV'S how many working TV's are thrown out a year?

4)Cars? didn't we just scrap like 50 million perfectling working cars during the "cash for clunkers fiasco"?

5)Computers, they are being out-dated sooo fast that the land-fills are filling up with Dual Core and Quad Core Laptops, rather than toss these why not hand them out free so anyone can scoop them up and repair them and use them, computers haven't actually gotten any faster since 2005 (in practical performance scenarios); so why do we toss them?



We have actually goten to the point where "stuff is worthless" because we have soo much crap.



The only industy that even matters is energy production.

Mon, 02/11/2013 - 15:00 | 3234159 tip e. canoe
tip e. canoe's picture

go long scavenger LEAP's...still cheaply priced.

Mon, 02/11/2013 - 15:56 | 3234395 NidStyles
NidStyles's picture

Sounds like more post-scarcity nonsense.

Mon, 02/11/2013 - 18:44 | 3234951 The Heart
The Heart's picture

"All we would have to do is produce the stuff and hand it out:"

When once upon a time America was the greatest producer of all time. We are not too far gone to rebuild it all before it is all purposely destroyed like nazi germany was by the same instigators of wars for profits and population reduction schemes.

When one true Heart stands up, the rest of the sheeple will follow.

They are legion, waiting for the call.

One idea can lead to answers for all.

Recycling the abundance available to equal up the have and have nots makes all a happier camper and not so wanton of what others have.

Mon, 02/11/2013 - 14:45 | 3234088 Jason T
Jason T's picture

Governments don't pay back debt you silly rabbits

Mon, 02/11/2013 - 15:20 | 3234236 Zwelgje
Zwelgje's picture

Romania did in the eighties! For almost 100%. The only one ever.

Mon, 02/11/2013 - 14:46 | 3234094 orangegeek
orangegeek's picture

I'm going for a nap.  No point in getting stressed over collapse and subsquent misery.

Mon, 02/11/2013 - 14:47 | 3234096 jubber
jubber's picture

Those fucking CNBC Wanchors should be shouting this stuff from the rooftops

Mon, 02/11/2013 - 14:47 | 3234097 Wile-E-Coyote
Wile-E-Coyote's picture

This guy who wrote this better watch out he will be classed as a terrorist. He in a mad fit of depression will be found to have commited suicide with three gun shots to the head, from three differant weapons.

Mon, 02/11/2013 - 17:32 | 3234670 FEDbuster
FEDbuster's picture

He has written many great articles.  Yes, he should avoid hot tubs.

Mon, 02/11/2013 - 14:47 | 3234100 Caracalla
Caracalla's picture

I am confused.  I just watched a segment on CNBC this morning.  The financial analyst offering his opinion stated that the U.S. economy had reached "escape velocity" and that good times were just around the corner.  According to him, GDP will grow at 3-4% in 2013 and 2014, uneemployment will fall and the S & P 500 approach 1800.  How can what CNBC promises jive with Michael's predictions?

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