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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?

Wrong.

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 - 15:25 | 3234257 Miffed Microbio...
Miffed Microbiologist's picture

Haven't you noticed good times are always " just around the corner" now? How stupid do they take us? Just keep on Chasing that Dragon if you like it. I no longer pay attention to MSM.

Miffed:-)

Mon, 02/11/2013 - 15:43 | 3234318 harami
harami's picture

Just one more fix man and I promise I'll be clean and stay away from debt!

*eye twitch*

Mon, 02/11/2013 - 21:09 | 3235298 Incubus
Incubus's picture

I'm like that with energy drinks.

Mon, 02/11/2013 - 16:43 | 3234593 imbrbing
imbrbing's picture

Exactly! The word "recovery" is STILL being used after 4+ years......really? 4 years later we are still "recovering"........LOL! When does the use of the words "we are in rocovery" ever end?

Mon, 02/11/2013 - 20:13 | 3235025 Law97
Law97's picture

Exactly.  They just started talking...again...on the MSM about how we are going to get a second half recovery.  Of course, this justifies current stock prices.  How many times do they expect us to keep falling for the same BS?

Mon, 02/11/2013 - 15:56 | 3234397 dscott8186
dscott8186's picture

Uhm, why confused, they have been saying this for literally years.  Sooner or later you wise up to realize they are lying, desperately lying.  It's called Animal Spirits.  They all bought the book and cling desperately to the notion that all that needs to happen is the public BELIEVES the message and it will happen.  

It's your fault for not believing.  Shame on you! /sarc/

The problem with liberal heaven, utopia, like Nirvana, it doesn't exist. Liberalism is just another sad dead end religion/ideology devoted to running away from reality.  Reality, in all it's ugliness reveals itself with a 2 x 4 upside the head.  

Mon, 02/11/2013 - 17:42 | 3234781 catacl1sm
catacl1sm's picture

clue x 4

Mon, 02/11/2013 - 16:08 | 3234443 Shizzmoney
Shizzmoney's picture

If unemployment falls to 6.5% in either 2013 or 2014, I will run through the streets naked while drinking a 30 rack of beer.

I'm pretty confident I'll be clothed during this enitre time. 

Mon, 02/11/2013 - 14:47 | 3234101 SmoothCoolSmoke
SmoothCoolSmoke's picture

SP 1517.  SCOREBOARD!

Screw all articles like this one (and we get one every 12 hours on ZH).  Let me know when the SCOREBOARD changes.  Until then STFU with all your "it's just a matter of time....." drival.  It's been JaMoT around here since 2009.

 

Mon, 02/11/2013 - 14:52 | 3234118 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Priced in gold and silver and oil equity has been flat since '09.  The reason that the NOMINAL price of equity is up is because the REAL value of currency is down.  

Easy math - learn some.

Mon, 02/11/2013 - 14:59 | 3234156 besnook
besnook's picture

dumbass is as dumbass does. leave him to his bliss.

Mon, 02/11/2013 - 15:16 | 3234227 adr
adr's picture

Hey look Baltimore beat San Fran on the SCOREBOARD.

That matters just about as much as the S&P hitting 1500.

Last time I checked my company doesn't produce product or sell it based on what numbers shows up on the stock ticker. We have these things called customers who need jobs to afford to buy things we produce. The country has actually lost jobs at an accelerating rate as the S&P hit new highs.

Mon, 02/11/2013 - 14:50 | 3234109 Dr Paul Krugman
Dr Paul Krugman's picture

The author obviously doesn't understand the point is to grow now so we can get out of debt later. 

Mon, 02/11/2013 - 15:06 | 3234177 resurger
resurger's picture

were you on Richard Dimbleby show when the impatient optimist "Bill Gates" was promoting his polio Vaccine and we should all "Buy" Buy Buy .. and buy some more

 

Mon, 02/11/2013 - 15:13 | 3234208 LawsofPhysics
LawsofPhysics's picture

If only the real resources to do so could be "printed" out of thin air as well.  < sigh >

Mon, 02/11/2013 - 16:38 | 3234573 DaveyJones
DaveyJones's picture

There you go with reality again. YOu know that has no place in a "modern" economy 

Mon, 02/11/2013 - 15:16 | 3234224 orez65
orez65's picture

You stupid shit head!

The Federal Reserve pumped $245 BILLION into the economy in the 4th quarter of 2012 and GDP went DOWN by 0.1%.

It's stupid shit heads like you that allow this fraud to go on.

Fuck you a million times!

Mon, 02/11/2013 - 15:25 | 3234258 earleflorida
earleflorida's picture

your Late!... as usual

Mon, 02/11/2013 - 14:54 | 3234113 TheMayor
TheMayor's picture

No, the debt is not 16 trillion, it is multiples higher.

www.truthinaccounting.org

Why do you think the gubberment is loading up on bullets and trying to take your guns away?

Mon, 02/11/2013 - 14:51 | 3234114 wingmann
wingmann's picture

These stories really worr...hey look,a pony !!

Mon, 02/11/2013 - 14:52 | 3234117 Joe moneybags
Joe moneybags's picture

Wow, what an eye-opener this article is.  Are any of the rest of you ZH readers aware of this stuff?

Mon, 02/11/2013 - 16:02 | 3234421 NidStyles
NidStyles's picture

What do you think we've been doing here all of this time?

Mon, 02/11/2013 - 21:02 | 3235273 Curt W
Curt W's picture

Iknow that is sarc/ but I have been reading, 

Submitted by Michael of The Economic Collapse blog,

for several years, it is through their comments I found this site.

Mon, 02/11/2013 - 14:52 | 3234123 q99x2
q99x2's picture

Brown whithered roots shoots bitchez.

Mon, 02/11/2013 - 15:44 | 3234126 falak pema
falak pema's picture

michael sings a sad song; but then its his religion on net, like his blog title says. 

Economic collapse is his religion; not saying its wrong prediction, like end of world; just saying its religion. 

And rellgion makes us blind to pros and cons of any line of thought. 

Where is the truth is something that anyone can debate on.

The Dork said something very pithy about our current crisis : if the banks can print unlimited to get us into this shit why can't governments print to get us out of it?

After that its just a question of making POLITICAL choices in a political world with same priorities: aka debt writeoffs world wide.

Now to achieve that we would need ALL governments on same page to undo the banksta rage. 

Just a line of thought, not saying its doable...

Mon, 02/11/2013 - 16:08 | 3234438 NidStyles
NidStyles's picture

In economics it's common for those that based their understanding of the world on beliefs to say things are possible without examining how others would react.

 

If the nations of the world started writing off debt, every single currency of those respective nations would lose all value. This has been the major complaint about debt based currencies since the very beginning.

Mon, 02/11/2013 - 16:19 | 3234498 falak pema
falak pema's picture

SO? my whole premise is that THAT precise money devaluation of ALL currencies is what is required to rewrite the new currency definition, to create expression of FAITH; in an economic system where that polically protected currency is worth NOTHING per se, because of past decay : cause and effect. Bretton Woods was nothing else than that. Lets get it right this time. 

By resetting the currency and debt situation based on real economics and an economic blue print for world trade, NOT based on status quo financial arm bending, like what happened in 1980-2008, we would put the picture back in its frame and ask ourselves the right questions. That financialista gravy train that Nixon-Volcker-Reagan-Bush/CLinton built, with Greenspan as surrogate got us to Lehman moment! 

Right now its the corrupt leading the blind! All in the name of we are strong you are weak; but in fact its all "pink slime" economy to serve the swines! 

Mon, 02/11/2013 - 16:36 | 3234570 NidStyles
NidStyles's picture

If you are forcing a currency onto the markets it's not based on real economics. If you are formulating, blue-printing or planning out anything, it's not based on real economics.

 

The real economy is honestly doing just fine IMO. It's starting to wake up after 100 or so years of federally enforced delusion. The real economy is this what me and you are doing here right now, exchanging goods and services in the form of information and honest discussion. That is the very starting point and core of real economics, Voluntary Exchange.

This interaction is far more peaceful and preferable to the alternative, which is the opposite of real economic action, which is statism, violence, and coercion. The definition of being civilized is rooted in real economic interactions that do not require force or coercion.

Mon, 02/11/2013 - 17:01 | 3234648 falak pema
falak pema's picture

I don't know which world you live in...when you say..."the real economy is honestly doing fine"...we are in a huge shit storm of fiat and printing by those very people who run the real economy; they are poachers and game keepers; aka the real economy is up shit creek until WE or our elected put out the fiat fire.

One way is to fight this banksta created fiat fire since 2000+ by CB fiat fire of people's representatives...to burn it all allowing debt write off of shit paper and then the reset. Only the elected of the world can promulgate that, NOT the oligarchy controlled HFT pulled market, which represents nobody but the Oligarchy today those who built the PRIVATE FED, the true bad guys...

Governments change, not the entrenched oligarchs. Thats what "we the people" mean in true fact; we change. We are the future.

They have built this shit mountain under which they will be buried. Mark my word, the people always win in the end. 

Somewhere, anywhere, the resistence to Oligarchs begins, whose decay is inevitable, of their own making.

Mon, 02/11/2013 - 19:14 | 3234996 NidStyles
NidStyles's picture

See that's the problem, you can't see that the real economy is right here right now all around you. Sure the manufactured fake economy will collapse and some people that believed in it will get hurt, the rest of the individuals will be just fine. 

 

BTW, there is no "WE" in any of this. It's just a bunch of individuals with delusions that an idea is tangible.

 

They didn't build anything, that's why your so screwed up in the head. They simply told you what you wanted to hear, that you can be lazy and wealthy at the same time while not being really productive at all. You as as well as a crap load of other people believed that lie for a long time, and there are still people that believe it.

One day you will understand that it wasn't someone that screwed you, it was you, yourself. You're screwing yourself and blaming it on others. That's what collectivism does, it lies to you and get's you believing all sorts of stupid crap that just is simply ridiculous. 

You will likely just continuing to blame, THEM, whoever THEM is, while believing lie after lie from someone else though. You will never learn to just take responsibility for yourself and quit believing in fairy tales and bullshit, will you?

Mon, 02/11/2013 - 21:20 | 3235333 Curt W
Curt W's picture

There is a real economy going on everyday, outside the view of government or anyone else, and it doesn't include fiat either.

Last week I agreed to help a neighbor trim his trees, he is going to help put brakes on my car.

Economics is two people agreeing on the value of a good or service.

The government disrupts this agreement by favouring one party with more tax breaks than another, or subsidising an industry against another, or propping up prices. or foolishly thinking printing more money will improve the economy.  They are just diluting, not creating value.

Mon, 02/11/2013 - 15:14 | 3234131 haskelslocal
haskelslocal's picture

Mark Cuban LOVES Shark Tank.

Mon, 02/11/2013 - 14:53 | 3234132 Jason T
Jason T's picture

no power great enough to stop this disintigration. 

 

If you were born in Rome 180 A.D., what would you do?  Where would you go?  ..

Mon, 02/11/2013 - 15:38 | 3234299 bank guy in Brussels
bank guy in Brussels's picture

Whether in the time after Marcus Aurelius in 180 CE or today, maybe the answer of 'where to go' is the same ...

East Asia, and a new life with an appealing spouse and a simple, loving traditional extended family, in a place where you grow food ...

That's also somewhat the Marc Faber strategy ... tho I suspect he is not quite 'settled down' mate-wise

 

 

Mon, 02/11/2013 - 16:07 | 3234440 Cathartes Aura
Cathartes Aura's picture

ahh yes, brilliant strategy.

view the world from the "they're all sheep & pussies" POV, spend a couple decades sucking up the "wealth" from every space you can extend your "fingers" into, justified because the sheep/pussies don't have a "clue" like you do. . .

then go buy an "appealing spouse and a simple, loving traditional extended family" like its a self-assembly package from IKEA, and get them to "grow food" for you while you kick back with the fat stogies & a fine scotch.

very easy to imagine how "we" got here, centuries later, heh. . .

(not so much directed at you bank guy, as the popular fairy tale you describe)

Mon, 02/11/2013 - 15:43 | 3234320 Bam_Man
Bam_Man's picture

I would go to the Coliseum first to watch a gladiator contest and then to an orgy.

Mon, 02/11/2013 - 17:48 | 3234808 catacl1sm
catacl1sm's picture

You have your priorities backwards, me thinks.

Mon, 02/11/2013 - 14:54 | 3234133 Smuckers
Smuckers's picture

Gold and silver shoots, bitchez

Mon, 02/11/2013 - 14:56 | 3234142 Intoxicologist
Intoxicologist's picture

How very moar sobering!

Mon, 02/11/2013 - 14:56 | 3234145 CrimsonAvenger
CrimsonAvenger's picture

The info is legit, but the piece is comletely wrong for its stated purpose - giving to those who don't yet "get it". If I showed this to my wife, for example, her first response would be "he's blaming Obama for everything" (by the end of the first page) and then discount the rest. If she got past that, you'd lose her with the kitchen sink approach - trying to roll in everything from NAFTA to Detroit and everything in between.

We desperately need a piece to give to the uninformed - but this isn't it.

Does anyone know where such a piece can be found?

Mon, 02/11/2013 - 15:16 | 3234225 aerojet
aerojet's picture

Such a "piece" does not exist because it not generally a good idea to try and break down complex social issues into some kind of collapse meme that isn't at all accurate.  Humans have this tendency to want everything to be described in simple terms, but not everything is simple.  Einstein said:  Everything should be made as simple as possible, but not simpler.  

Mon, 02/11/2013 - 15:31 | 3234276 CrimsonAvenger
CrimsonAvenger's picture

I take your point - but I don't think such a piece has to be comprehensive. Stick with one primary issue, maybe inflation or living standards or the unsustainability of debt growth, using other issues as support. Make it accessible, relatable, and no more than a few pages long.

I highlight "relatable" because she agreed to watch the Crash Course with me but found it so dry and conceptual that she couldn't make it to the end.

Mon, 02/11/2013 - 16:13 | 3234475 Wile-E-Coyote
Wile-E-Coyote's picture

Hey don't beat yourself up because you married a dumb bird.

She would probably run back into a burning building.

Mon, 02/11/2013 - 16:28 | 3234541 CrimsonAvenger
CrimsonAvenger's picture

FTR, you can be plenty smart (which she is) but still be inflicted by serious normalcy bias. Probably sexist of me to say so, but I would expect this to be more common among women, who feel an innate desire for security and stability.

Mon, 02/11/2013 - 23:27 | 3235582 Miffed Microbio...
Miffed Microbiologist's picture

I for one must disagree. I was the one who got us in ZH! Got us armed and started us buying gold. Mr miffed grinned and indured 3 years of my "idiosyncrasies". Probably was afraid any denial on his part would affect his sex life. Perhaps most women are motivated by security and stability. I can't find any security in ignoring reality. In fact there is a kind of relief facing the problems today. Maintaining self delusion actually takes a lot of work.

Miffed;-)

Mon, 02/11/2013 - 16:15 | 3234486 Cathartes Aura
Cathartes Aura's picture

perhaps "the piece" is an ongoing dialogue with those you care about, instead of the whole disaster in one gulp.

concepts are incremental, few minds can jump from "A" to "Z" in one go, there needs to be well argued points/steps. . . that most haven't bothered to educate others along the way, and are angry/impatient/unforgiving of any who aren't as "smart" about what is "obvious" just shows where the divide is - it's more than informational.

Mon, 02/11/2013 - 15:37 | 3234297 harami
harami's picture

I don't think such a piece exists.  I've been sharing with my wife articles from this site and others for over 2 years to no avail.  She's highly intelligent and could easily run circles around most of the featured articles on here in terms of linguistic and writing capability, but her 'hope' to believe in the system was insurmountable, not matter how well I articulated or presented my argument I couldn't dissuade her.

She finally came over to the dark side (ie realizing the fraud everywhere) with the recent events in Sandy Hook.  Her bull shit detector finally went off and now she doesn't look at me like I'm a (complete) lunatic any more.

I think it's our responsibility to preach to those who'll listen even if they don't believe us and hopefully they'll connect the dots for themselves.

Unfortunately it'll probably take some earth shattering catastrophic event for 90% of people to realize wtf is going on, and even then, most of them would probably still opt to taking the blue pill even after the revelation.

Mon, 02/11/2013 - 16:20 | 3234511 Cathartes Aura
Cathartes Aura's picture

you're illustrating my point well - I'd just point to the word "preach" - maybe if the approach is "share" information with respect, in the hopes that someone(s) you care about learn to see things differently because it benefits you and your family. . . y'know, instead of talking down to someone which causes them to shut your points off because they had enough of that with their "fathers" or "employers" or whatever. . . just sayin'

Mon, 02/11/2013 - 16:55 | 3234635 harami
harami's picture

You took my meaning of preach as "to urge acceptance or abandonment of an idea or course of action; specifically: to exhort in an officious or tiresome manner" when it was intended with the meaning of "to advocate earnestly".  Interesting you linked preach to "fathers" and "employers" in such a fashion though, I wouldn't have guessed someone would take it there.

You say share and that makes me think of a bunch of fucking hippies sitting around singing songs at Woodstock.  I don't drive around in my POV of "Stupid ass sheeple deserve to get fleeced for rejecting my visionary gospel" like a good number of ZHers but I've also been labled a conspiracy theorist by colleagues and friends simply for "sharing" or "preaching" information and ideas I've read here and on other non-MSM sites.

People would rather believe the lie, simple as that.

Mon, 02/11/2013 - 17:22 | 3234717 Cathartes Aura
Cathartes Aura's picture

lol, your reply is interesting, to me at least. . .

yes, I equated "preach" with a father/boss meme, because it has a "my way or the highway (to hell)" connotation for me - it's a way of saying THIS is true, and what YOU know is not, absolute framing, "right/wrong" no other versions.

and your remark about how the word "share" brings up "hippies" at "Woodstock" shows how divisive naming can be - apply the label, follow it up with an e-motion, usually "hate" of some varying degree.  cultural narratives working as intended.

and you end with "people would rather believe the lie" - I believe there are MANY lies that "people" are defending as true/reality right now, and most likely will defend to their inevitable death(s).

which is where we are.  a lot of people, humans, who won't listen to an other because really, secretly, we don't want to be controlled, and we resent the labels being applied. . . both "sides"

that people are feeling this way within their "primary" relationships. . . not so inspiring.

Mon, 02/11/2013 - 16:56 | 3234642 tip e. canoe
tip e. canoe's picture

the notion of preaching just replicates the control structure on a fractal level.

perhaps it should be considered more like planting seeds...but of course that requires patience & care.

Mon, 02/11/2013 - 17:24 | 3234725 Cathartes Aura
Cathartes Aura's picture

"planting seeds" that require "patience & care" - that would be for the IKEA-boxed extended family to deal with, hmmm.

upvoted, of course.

Mon, 02/11/2013 - 16:21 | 3234512 nothing can go wrogn
nothing can go wrogn's picture

We desperately need a piece to give to the uninformed - but this isn't it.

Does anyone know where such a piece can be found?

Chris Martenson's Crash Course

http://www.peakprosperity.com/crashcourse

Mon, 02/11/2013 - 18:04 | 3234847 malek
malek's picture

It's not bad, but anybody fighting against some big lies while accepting other ones (Peak Oil, EROEI, human caused global warming, ...) isn't really getting you anywhere.

Mon, 02/11/2013 - 16:34 | 3234564 goldfish1
goldfish1's picture

It's not for people who need it, it's for people who want it. Can't discuss something they don't want to know about.

Mon, 02/11/2013 - 14:57 | 3234148 besnook
besnook's picture

a big war will fix everything. the western bankers are ready to bet your life on it. it is the only way they can crack the asian market and perpetuate the ponzi scheme. bomb, bomb, bomb, bomb, bomb iran. do it today for the sake of humanity and world peace.

Mon, 02/11/2013 - 15:03 | 3234167 Charles Nelson ...
Charles Nelson Reilly's picture

maybe then me and Charlie fuck face Munger can sit back and with our gold sprinked popcorn and watch.

Mon, 02/11/2013 - 14:58 | 3234151 Andy Lewis
Andy Lewis's picture

"rainbows and lollipops, right?"

 

Or as Al McGuire always said, "Seashells and balloons."

 

 

 

 

Mon, 02/11/2013 - 15:53 | 3234370 Dr. Richard Head
Dr. Richard Head's picture

Butterflies and blowjobs is what one of my friends says.

Mon, 02/11/2013 - 14:59 | 3234154 aerojet
aerojet's picture

Well, so far I'm weathering this meltdown pretty well, then.  Since I figured that by now I'd be shooting people with a crossbow Mad-Max style, imagine my happy surprise that I'm still living in the same house, with basically the same neighbors, in a low-crime neighborhood with a good school district and plenty of food in the pantry and my gun safe still fully stocked and ready, but really kind of dusty at the moment.

Mon, 02/11/2013 - 16:13 | 3234470 Umh
Umh's picture

Most middle class Americans are so tied into "the matrix" that they won't move until it's seen as the only option. This is another point where the rich and the poor are much more flexible than the working classes.

Mon, 02/11/2013 - 15:06 | 3234172 Kreditanstalt
Kreditanstalt's picture

Only one thing: we're not merely "stealing money" from future generations: we're stealing their STANDARD OF LIVING.

Mon, 02/11/2013 - 15:16 | 3234222 Shell Game
Shell Game's picture

...and their Standard of Freedom.  It's all relative in this post-9/11, brave new 1984 we find ourselves.

Mon, 02/11/2013 - 16:01 | 3234412 harami
harami's picture

But they'll at least have high quality entertainment in the form of The Running Man given the incarceration rate!

Mon, 02/11/2013 - 16:24 | 3234522 Atticus Finch
Atticus Finch's picture

No, we are not doing it. They are doing it. We have no effect on the manipulations of Oligarchs and Plutocrats.

Mon, 02/11/2013 - 16:51 | 3234618 Kreditanstalt
Kreditanstalt's picture

Or governments (with guns)...

Mon, 02/11/2013 - 17:23 | 3234721 Kingkongballs827
Kingkongballs827's picture

PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.

http://www.ebay.com/itm/160970141105?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

 

 

Mon, 02/11/2013 - 15:05 | 3234174 NRGIsFree
NRGIsFree's picture

You'd think a building with that type of structural damage would implode into a cloud of toxic dust.

Mon, 02/11/2013 - 15:21 | 3234240 forwardho
forwardho's picture

Hey, is that like some kind of double metaphore?

Mon, 02/11/2013 - 15:06 | 3234175 yogibear
yogibear's picture

LOL, more business vacancies, food stamp records being broken. The new bullish#t economy.

50 million food stamp record this year? Yes we can!

 

Mon, 02/11/2013 - 15:07 | 3234181 dobermangang
dobermangang's picture

This article is scary.  I'm going to grab some scissors and hide under my desk.

Mon, 02/11/2013 - 15:14 | 3234183 Jack Burton
Jack Burton's picture

And this is the economic base upon which is built the largest military and intelligence apparatus ever built by mankind. The total spending in the USA devoted to war, military forces, intelligence, security and secret police is estimated at over 1 trillion dollars a year, some current estimates quote 1.3 trillion dollars a year total outlays if veterans benefits and military pensions are included. This tops the entire earth put together in total spending. I mean we are paying the CIA something like way north of 50 billion a year, the NSA way more. We keep getting told by the media that the defense budget is only 650 billion or something like that, and that it is being cut. Sure, but the defense budget keeps tens of billions of black projects off the budget, does not include the nuclear weapons program which is under the dept. of energy. Does not include veterans benefits or pensions. Leaves all the spy, intelligence and secet police that support the national security state out.

In short, a nation the must print trillions, borrows well above a trillion a year, has a massive trade deficit, piles up private debts and has shipped millions of good jobs overseas to raise corporate profits, THIS is the economic base the world's greatest police state and military empire is built upon. Now, how long can this go on? It will last ONLY as long as the dollar holds world reserve currency status, when we no longer can print trillions from thin air and get other nations to work and produce and manufacture things to send to us in return for printed green toilet paper, THAT is the day it collapses.

Major nations are working on getting out from under the dollar. They see that working for the green back is now a losing proposition. Any nation that tries to get out from under the dollar, and is not armed with nuclear weapons, is a target for the US military to attack and invade. But Russia and China have nukes and they are working to get out from under the US dollar, when they do get out from under it, then America is finished as the world's greatest economy.

AFter all, what is the US economy in 2013? Health Care, Government Employment at all levels, education and military and police state spending? GDP is a joke! It does not measure productive economy, it measures borrowed and printed trillions. If I get cancer tomorrow and need expensive treatment, this is measured as a major plus for GDP and thus the American economy. This small example shows what a hoax GDP is!

Mon, 02/11/2013 - 15:30 | 3234277 dscott8186
dscott8186's picture

Nonsense, the military budget (2010 & less so now) amounts to 20% of the spending but you infer we are in debt it because of it.  Of course, no mention of GE's tax free profits or billions a year in wasteful spending or domestic programs.

Educate yourself and stop making a a fool of yourself prattling liberal talking points, http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2010.svg  

Mon, 02/11/2013 - 16:23 | 3234520 NidStyles
NidStyles's picture

You really think that that is all the Military spending there is? What do you think EBT and the DHS are? The Federal Government is building an Army out of dependency. How in the hell do you think the government got so big in the first place after all? They bought themselves new recruits and voters for you tools that think democracy works.

Mon, 02/11/2013 - 19:46 | 3235079 dscott8186
dscott8186's picture

When medicare and medicaid are over 50% of the budget plus other domestic programs, fingering only the military and the CIA and the DHS, etc. is lame.  Every part of the budget needs to take a hit from the green cronies funded by DOE to the 50% increase in EPA's budget since 2009.  The Medicare spending alone is plagued by some $63 billion a year of inappropriate payments. 

Does democracy works?  Remains to be seen, the jury went back out for a second consideration after Obama's re-election.  

Mon, 02/11/2013 - 20:45 | 3235227 thisandthat
thisandthat's picture

Here you have it: the 2012 US budget in all its infographic glory - security/non-security breakdown is 60/40%.

On sale as a poster here: http://www.amazon.com/gp/product/1612182046/

Mon, 02/11/2013 - 16:06 | 3234431 mumcard
mumcard's picture

Great post Jack.

Mon, 02/11/2013 - 15:11 | 3234206 Intoxicologist
Intoxicologist's picture

Rainbows and lollipops?  Wow, I've been misinformed.  All this time I thought it was Skittles and Unicorns.

Go figure...

Mon, 02/11/2013 - 15:13 | 3234210 adr
adr's picture

SO many people do not understand inflation. They think inflation is just things getting more expensive. They don't understand that you can have inflation even if goods drop in price.The truly sick that control the stock market, the government, and the media believe inflation is good.

The worst kind of inflation is an increase in the base cost of commodities, which is Wall Street's favorite kind. Running up raw materials causes everything in the chain to increase in price, which in turn leads to greater revenue for a time. Greater revenue, stock of company A skyrockets. Profits don't really matter anymore. As long as revenues increase and EPS increase, all is good in the Wall Street world.

What has allowed massive inflation to hide is off-shoring production and reducing the quality of products. If your base costs go up 10% but you can cut out 10% of your labor cost, reported inflation is 0. However the workers who used to receive 10% more for their work certainly see inflation. Eventually you can not cut your labor costs any more. That leads to reducing the quality of what you produce.

If you use lower quality components to produce a product that looks the same and sells for the same price, that too is inflation. If a product would have cost $50 using the lower quality components and those same components now build a product that costs $75, you had an inflationary increase of $25 per unit. However this inflation is not recognized because the end product sells for the same $75 it sold for using higher quality components.

Sure that $700 55" TV looks nice when trying to make the case that products are actually going down in price. However the $2500 TV used to have a $500 video processing chip that could properly handle film cadence and upscale low resolution content well. Color reproduction was better and just about every part was higher quality. So you get a 55" TV for a lot less, but it is a far worse product.

Sure a high end computer cost $1200 in the 1990s, and a high end computer now is still $1200. Accounting for inflation, you are paying much less in 2013. Unless you account for the purchasing power of $1 now vs 1997. There is also another factor often overlooked, inflation of available resources within the computer system. In 1997 you could run the OS, office, and Photoshop on 16gb of RAM. Even on Windows XP, which is still a far more productive OS than Win Vista, 7, or 8, the OS only used around 250mb of RAM after making a few easy tweaks. Windows Vista used almost 2GB of ram to just run. A modern computer wastes far more computing power than an old computer used to run on. That too is inflation. The computer should be getting more powerful and more efficient.

The point is we are getting far less than we were for every dollar we make. A $30 toaster at Walmart isn't even in the same league as a $12 from ten years ago. The average $1400 refrigerator should be selling for $250, the parts inside make the engine of a Yugo look like it was hand assembled in Goodwood, that would be where they hand craft Rolls Royce.

 

 

Mon, 02/11/2013 - 19:10 | 3235003 pufferfish
pufferfish's picture

See: Horse meat in UK beef.

Mon, 02/11/2013 - 20:18 | 3235145 Hulk
Hulk's picture

UK: Home of the Galloping gourmet...

Mon, 02/11/2013 - 20:39 | 3235213 BeerBrewer09
BeerBrewer09's picture

Bravo, adr.

 

I keep telling my friends and family to buy whatever goods (even back-up goods) they need right now, perhaps even well-built used goods if applicable. Make sure everything is well-maintained and in working order (including your health!)

Mon, 02/11/2013 - 15:14 | 3234216 Börjesson
Börjesson's picture

It's kind of interesting that the yearly budget deficit is now twice as big as the trade deficit. If by some miracle the US should manage to balance its trade, there would still be $500 billion in deficit added to the total debt each year. One might almost be inclined to think that it's the government itself that is the problem. But of course, we all know that can't be true...

Mon, 02/11/2013 - 15:16 | 3234226 forwardho
forwardho's picture

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

If you have sold your soul to the devil, and  have an eternity of pain to look forward to, it will behoove you to do whatever it takes to keep your sorry ass alive for one more day.


Mon, 02/11/2013 - 16:08 | 3234447 mumcard
mumcard's picture

One punch in the face today versus two punches in the face tomorrow.

Mon, 02/11/2013 - 15:21 | 3234239 reader2010
reader2010's picture

"Eat, Drink, Sleep and Play," screams a giant billboard along the Interstate. What a profound statement, don't you think? We have been rendered into domestic pets because that's the purpose and the meaning of life for most anyway. Collapse? What collapse they will ask?

Mon, 02/11/2013 - 16:09 | 3234454 mumcard
mumcard's picture

Trust me, once this kicks in they'll feel it.

Mon, 02/11/2013 - 15:26 | 3234247 buzzsaw99
buzzsaw99's picture

The twin deficits are merely a symptom of a larger problem. The maggots sold out the country piecemeal starting forty years ago and continuing to this very day. The pigs would rather send charity $ overseas than hire an american. Unemployment will only get worse as the uber-rich, and machines, and chinese and efficiency, have doomed the usa working class.

Mon, 02/11/2013 - 15:34 | 3234285 Cman5000
Cman5000's picture

All they do is blame Bush if you bring any of this up.The hell with these sheeple

Mon, 02/11/2013 - 15:37 | 3234294 youngman
youngman's picture

Obamacare will close 20-30% of the small business....they just won´t be able to pay..or to keep up with all the paperwork required....add in the EPA´s new coal regs...and energy costs go up...so are the state and local taxes...each little straw kills off some of the business....but Obamacare is a big rock that is going to hit in a big way....who will buy it when you just say you can´t pay for it and someone else has to buy it for you...this country no longer has morals....lying now is the new normal...sad to say

Mon, 02/11/2013 - 15:41 | 3234314 yogibear
yogibear's picture

Eat, drink and be merry leeches.

Free to everyone until Bernanke and the Fed bankster's inflation shows up and prices go to the stratosphere. Starvation and homelessness take over.

The 1% will be amused by the riots and fighting while in other countries protected by guards. 

Mon, 02/11/2013 - 15:44 | 3234322 monopoly
monopoly's picture

Great refresher for most of us here. Too bad, MSM does not care about the truth.

Mon, 02/11/2013 - 15:44 | 3234324 jack stephan
jack stephan's picture

Turn this shit off. What kinda help you got? Watching cartoons?!

http://youtu.be/DKEzjKwa5KU

Take care all and good luck I have a feeling you're going to need it.

Mon, 02/11/2013 - 15:44 | 3234325 trendybull459
trendybull459's picture

When the government realy wish to save problems of leaving it let people purchas the land and build in it,but they don't,they all over the Earth occupied lands and selling it to the contractors who pay to them maximum prices for lowest quality,visit us with new pade cover:

http://trendybull777.blog.com/about/

Mon, 02/11/2013 - 15:45 | 3234326 eaglerock
eaglerock's picture

From the viewpoint of a long term unemployed person, the economy has already collapsed. 

Mon, 02/11/2013 - 15:45 | 3234328 dscott8186
dscott8186's picture


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.

 

The answer is all the above plus devaluation, Argentina and Egypt have shown the way.  You will all be slaves, get use to it.  

The rest of you need to decide how to survive the economic disaster if you don't want to be a victim:  1) buy land and stock index funds; 2) buy your new car and canned goods now before the devaluation; 3) Pack your bags and move to somewhere else that isn't committing to economic suicide like Canada or Chile; or 4) Rotate your funds to foreign investments in countries not committing economic suicide.

Sounds like a great article for Zero Hedge, instead of predicting the end of the world, suggest to us where to go and what/where to invest. Tell us what countries are not committing economic suicide. That would be a challenge Michael...

Being a victim is so liberating, you can blame everyone but yourself. It's not my fault, it was those evil bankers. Wah, wah, wah.    Yum, yum, it smells like chum.  

Mon, 02/11/2013 - 15:48 | 3234336 TNTARG
TNTARG's picture

Since there's nobody, I repeat, NOBODY willing to attack the USA in any way, (except perhaps for the zionists who may try just to keep using you as their military bitch), WHAY IN THE HELL DON'T YOU MAKE YOURSELF AND THE WORLD A FAVOUR AND START BY CLOSING EVERY FUCKING MILITARY BASE ABROAD, RETIRE EVERY MILITARY FROM FOREIGN COUNTRIES, CLOSE THE GUANTANAMO BASE AND RETURN THE GUANTANAMO TERRITORY TO CUBA, PUT YOUR WARMONGERS INTO THE RIGHT PLACE, DECLARE DERIVATIVES ILLEGAL AND START A NEW AND SOLID PEACE AGE IN HUMAN HISTORY?

Then you start to behave like a normal country without pretensions of controlling the World, kick the fucking bankster back to Europe, have your Central Bank back to the US people and government and approve HEALTHY BILLS TO SET UP A NORMAL ECONOMY FOR PEACE TIMES??????????????????????????????????

THAT will be something, folks. I'm waiting to see you urging your government for good.

The whole world but Israel will stand up and explode in applauses. THAT WILL BE A NEW WORLD ORDER THAT WORTHS.

Mon, 02/11/2013 - 17:52 | 3234819 Nimby
Nimby's picture

That's exactly what is going to happen; only it will only happen after the currency is debased beyond value, and the veneer of civilization is stripped away and those that depend on the government to survive...don't.

Mon, 02/11/2013 - 19:44 | 3235075 Law97
Law97's picture

And with the 200,000 or so thousand troops coming home, they can be put along the border and end illegal immigration once and for all.  Illegal immigration is yet another way the elites are fucking us.  The Repubs and Dems are both bought off by corporate intrests who want the flood of cheap labor.

Bring the troops home and use them to guard the border!

Mon, 02/11/2013 - 15:59 | 3234338 TNTARG
TNTARG's picture

Double Post.

So, we'll be waiting to give you a World standing ovation.

Mon, 02/11/2013 - 16:01 | 3234410 exgop
exgop's picture

HELL YES !!!!

Mon, 02/11/2013 - 16:32 | 3234561 pazmaker
pazmaker's picture

well that would be great, except it is not because the problem is the human condition and when one world power falls that wants to dominate the world another one rises, so to think the whole world would hold hands and sing kumbaya if the USA were to stop imperialistic endeavors is quite niave.

 

Mon, 02/11/2013 - 17:03 | 3234660 TNTARG
TNTARG's picture

We'll just have to evolve. It's perfectly possible.

Mon, 02/11/2013 - 15:48 | 3234339 KRUZER
KRUZER's picture

,,,,,,,,,,,,,, to read sideways,,,,,,,ie,just read the bold text and we have the essential of this long article.

Mon, 02/11/2013 - 15:49 | 3234348 eclectic syncretist
eclectic syncretist's picture

There is a significant collapse in trading volume today.

 

Mon, 02/11/2013 - 15:50 | 3234356 Clesthenes
Clesthenes's picture

Thanks for recognizing that the wishful thinking of today (measured by governmental debt) will be laid on shoulders of following generations.

It leads to the question, “Does this society, that cannibalizes its children, deserve to survive?”

In my book, it does not.

So, what’s the solution?

We cannot rely on those who are addicted to their sets of pleasing lies to correct the problem… they will die or kill rather than admit error, or crime.

I suggest that we focus on saving ourselves.  Let the self-blinded stumble off their cliffs, or meet their end by hunger or cold.

If we are to save ourselves, we also have to design and establish a better alternative, and protect ourselves, when the Pied Piper presents his invoice, from hordes of self-blinded with empty stomachs AND from death squads with lists of dissidents.

How is this to be done?

We can stumble around guided by the indoctrination shoved into our heads by media and education, governments and churches all dominated by criminal and useful-idiot classes… or we can learn lessons of the history of those men and eras that advanced the cause of man.

Mon, 02/11/2013 - 15:55 | 3234386 AnAnonymous
AnAnonymous's picture

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

Uh, no. Maybe, what those 'american' children and grand children will do is beyond criminal. But that is another story.

The 'american' song is known: they wont have done it, their parents and grand parents did it. They will see no reason why they should pay for their parents' and grand parents' actions etc

The 'american' song.

These children and grand children will inherit all the loot their parents and grand parents stole through debt.

It will be nothing new. Just plain ole 'americanism' expressing itself.

The song is known, the 'american' song.

Mon, 02/11/2013 - 17:09 | 3234680 Intoxicologist
Intoxicologist's picture

Zero Sense:  On a long enough threadline, the relevance of AnAnnoyingus' posts drops to zero. 

Mon, 02/11/2013 - 23:47 | 3235635 Incubus
Incubus's picture

Sounds like a sequel to inception, only this time it's stealing from the future. 

Mon, 02/11/2013 - 15:55 | 3234387 Meat Hammer
Meat Hammer's picture

More and more people are realizing that they can live outside of the fake economy and build real economies with real money, not currency, in their own communities.   We can overthrow this government by starving it.

Work smart not hard.

Mon, 02/11/2013 - 15:55 | 3234388 hannah
hannah's picture

people are not blind and most are not exactly stupid...the problem is when everyone gets their check from the gov. it isnt 49% or whatever. add up all the companies like dell or boeing that get ALL THEIR REVENUE from gov spending. we have probably 80% of the usa on the gov teet.

 

there isnt a solution at this point. there is no 'fix'....the economy and society are on their own course now and what happens will happen.

Tue, 02/12/2013 - 00:14 | 3235710 Incubus
Incubus's picture

new system will be the same shit as the old system.

 

All you can hope for is that you get to live in the equivalent of the "boomer" era when America was on ezmode.

Mon, 02/11/2013 - 16:03 | 3234424 ramacers
ramacers's picture

de blood! de blood! everybody's afraid to mention the comin' blood. will be uber ugly.

Mon, 02/11/2013 - 16:10 | 3234452 samsara
samsara's picture

Abandoned skyscaper becomes home to thousands of squatters (20 Photos)

The Centro Financiero Confinanzas, also known as the “David Tower” named after its investor David Brillembourg. The tower stands in downtown Caracas, Venezuela and it’s the country’s third tallest skyscraper.

It was half-completed when the construction was halted in 1994 after the Venezuelan banking crisis of 1994. The house was reverted to the government. Now it’s occupied by 2,500 squatters.

They have built their own ecosystem – sanitations, electricity, retail, recreation centers and building security. Can you blame the people for taking advantage of an otherwise useless piece of property?

http://thechive.com/2013/01/30/abandoned-skyscaper-becomes-home-to-thous...

Mon, 02/11/2013 - 18:00 | 3234838 shutdown
shutdown's picture

David Brillembourg ... hmm, is that an Irish name?

Mon, 02/11/2013 - 20:46 | 3235230 Moe Howard
Moe Howard's picture

Yes, Black Irish.

Mon, 02/11/2013 - 16:10 | 3234458 QQQBall
QQQBall's picture

$115MM an hour really drives the point home. I hope my math is wrong.

Mon, 02/11/2013 - 16:16 | 3234488 loftgroovv
loftgroovv's picture

I'm guessing war is what happens.

 

If you owe someone a fortune you can't pay back, and then you shoot them dead, then assuming you avoid the full force of the law, then the debt is basiically gone. It's hard for a corpse to collect.

Scale that up to country level, and its not hard to see why the USA's defence budget is what it is.....

Mon, 02/11/2013 - 16:18 | 3234497 Downtoolong
Downtoolong's picture

Didn't the Fed just buy a securitization of all the mortgages on that property?

Mon, 02/11/2013 - 16:21 | 3234508 JR
JR's picture

Who can fathom the depth of misrepresentations coming from Fed officials? And because of the complete saturation of central bank leverage in America’s domestic and foreign affairs, it is difficult to imagine just how far and how deep the tyranny extends.

With revelations of new dictatorial powers being revealed every day, the American Empire shows a depravity that compares to the depravity of other dictatorial regimes.

William Norman Grigg wrote an article over the weekend, ”Sniperism,” an interview in which someone asked him how he could compare the evil and the tyranny in America and liken it to the tyranny of other regimes such as Stalinist Russia and Nazi Germany and North Korea?

And his answer was, it is the "scope of the evil"; the difference is geographical.

Here is the exchange:

Commenter:

"Depravity" is a word that would apply to only the very worst governments – Nazi Germany, Stalinist Russia, North Korea today. And the word "Incurably" just reinforces it, meaning not only is it depraved, but there is no hope of ever fixing it.

WNG:

When viewed from the perspective of those against whom its power is deployed, the regime in Washington should be considered the "very worst government" in the world today – at least in terms of its ability to inflict misery in geographic terms.

In terms of concentrated viciousness, North Korea is obviously worse – but its evil is contained. That regime isn't able to kill people half-way around the world by remote control, for example, nor does it have the means to occupy so much of an acre beyond its borders.

Bearing in mind the scope of the evil we're discussing, let's turn to your next question:

http://lewrockwell.com/grigg/grigg-w310.html

Mon, 02/11/2013 - 19:26 | 3235040 dolph9
dolph9's picture

I agree.

North Korea is worse but its scope is limited, and it's well contained by China and South Korea.

America is quite literally a rogue state, but because it's so big nobody wants to call it out.  Everybody is afraid of the big bully.

Mon, 02/11/2013 - 16:35 | 3234567 Never One Roach
Never One Roach's picture

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

 

Yeah, I just returned from the supermarket. Either I'm getting alot bigger or all the cans, packages, bags of fruit, etc are shrinking....tinier and tinier every day.

 

"Supermarkets" all need to be renamed..."MiniFoodMarkets.:

Mon, 02/11/2013 - 16:42 | 3234586 CowboyzFan
CowboyzFan's picture

Just read another good article by Pebblewriter on the QE-generated disconnect between the economy and the market.  He says the latest positive econ upticks are cyclical, not secular, and that ECRI data just peaked again. 

https://pebblewriter.com/is-it-or-isnt-it-a-recession/

He's been right about almost every top and bottom since May 2011 and just went short again.

Mon, 02/11/2013 - 16:46 | 3234600 Agent P
Agent P's picture

Good article, but for the love of God, please don't use 2005 as your baseline for new home sales, especially after pointing out how over levered our society has become.

Mon, 02/11/2013 - 17:02 | 3234659 stacking12321
stacking12321's picture

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.

i KNEW it was the democrats' fault!

 

Mon, 02/11/2013 - 17:35 | 3234752 Jumbie
Jumbie's picture

Yeah, the Fed jacked up rates, and the republicrats Iran-Contra bargained with the Ayatollah to not release hostages until after Carter lost. Can't have a PLO-lover in office.

THEN the ex-Bechtel SOS, and head of the secret police, created more public debt than in the history of the world. An the B-movie tax-raiser of California "became" the tax-fighter for business. Savior of the West!

Mon, 02/11/2013 - 17:06 | 3234668 TIMBO Anti-Castro
TIMBO Anti-Castro's picture

At least every other country on the planet is running the same ponzi scheme(centralized bank manipulation).  He's right about all but I have no problem with outsourcuing jobs in a truly free economy.  It results in cheaper goods and forces competition.  Americans just need to grow a backbone and get the government out of business by way of protectionnism and markets would eventually reach equillibrium. 

Mon, 02/11/2013 - 17:10 | 3234686 Hobbleknee
Hobbleknee's picture

The second chart looks like a climbing prop-plane about to stall.

Mon, 02/11/2013 - 17:22 | 3234719 Kingkongballs827
Kingkongballs827's picture

PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.

http://www.ebay.com/itm/160970141105?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

 

 

Mon, 02/11/2013 - 17:49 | 3234811 Nimby
Nimby's picture

If it is time to bury them it is time to dig them up.

Mon, 02/11/2013 - 17:23 | 3234720 malek
malek's picture

 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.

Don't you feel you're contradicting yourself a bit here? Presenting a number from extreme bubble times as if these are the good times we've lost??

Tue, 02/12/2013 - 00:18 | 3235718 Incubus
Incubus's picture

The relevancy of the bubble is besides the point; the point is that times were good--and they were for the majority of us at the time.

 

I didn't see nobody saying shit when the bubble was being inflated.

Mon, 02/11/2013 - 17:38 | 3234769 mickeyman
mickeyman's picture

You want to look at a comparable popped bubble? Look at Spain, benefiting from all that gold from the New World. It still hasn't recovered.

Mon, 02/11/2013 - 17:43 | 3234787 NoWayJose
NoWayJose's picture

Here is the REALLY scary part - because all you have to do is change a few words - and doing so will remove ALL hope.

"During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined." This easily becomes "During Boehners' term as Speaker of a Republican controlled House, the federal government accumulated more debt than it did under the first 42 U.S presidents combined."

 

Mon, 02/11/2013 - 18:20 | 3234892 hannah
hannah's picture

"During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined." This easily becomes "During Boehners' term as Speaker of a Republican controlled House, the federal government accumulated more debt than it did under the first 42 U.S presidents combined."

 

During the last 50 years, the leechfuck sheeple demanded more debt than it did under the first 42 U.S presidents combined.

 

the politicians didnt DO ANYTHING we didnt let them or demand.....

Mon, 02/11/2013 - 18:00 | 3234839 dscott8186
dscott8186's picture

Since Obama and his mouth pieces in the MSM are saying things are getting better and recovery is just around the corner, why are you all so skeptical? Don't you believe the POTUS?  Are you calling him a liar?  Lying is such a harsh word, let's try dissembler.  

So what is he spending an extra trillion dollars on every year since he took office?  What does he have to show for it?  Common liberals speak up, show me $5 trillion of stuff he built.  What's that you say?  Handing out food stamp and unemployment checks...

IF George W Bush wracked up $1 trillion over 8 years of debt supposedly all spent on the military and the economy produced 4% unemployment until January 2007 when Democrats took control of both houses of Congress.  How does it compare in efficacy to Obama wracking up $5 trillion in 4 years with 7.8% unemployment?  

Didn't Nancy Pelosi say this was stimulus for the economy?  How's that working for you?  Unemployed yet?

Mon, 02/11/2013 - 18:17 | 3234883 Alpha Monkey
Alpha Monkey's picture

It's called diminishing returns.  It's not a liberal or a conservative thing... It's a monetary system thing and it doesn't matter who or what party is in control of the levers of government.  Money has to be created, meaning debt has to be created, and more of it has to be created every year than the year prior or the house of cards comes down.  Stop bitching about political polarities and start facing reality... the US is dunzo.

Mon, 02/11/2013 - 19:29 | 3235049 dscott8186
dscott8186's picture

An interesting mea culpa now that $5 trillion has been blown with nothing to show for it.  But we do agree on one thing, the country as we knew it is done.  

Barack Obama has a plan and that is why he has no concern about spending or raising taxes.  He, like Chavez intends to devalue the currency and thus inflate the debt he created away.  If you want to survive and prosper, act accordingly.

Mon, 02/11/2013 - 19:05 | 3234992 are we there yet
are we there yet's picture

State governments are reducing part time work hours to below 29 hours per week to avoid Obamacare costs.

http://www.breitbart.com/Big-Government/2013/02/10/Now-States-Cutting-Employee-Hours-to-Avoid-Obamacare-Costs?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:%20BigGovernment%20(Big%20Go 

reducing employment in the private sector as well. 

Mon, 02/11/2013 - 19:09 | 3235000 lolmao500
lolmao500's picture

And nothing will stop till a lot of politicians, talking heads, economists hacks like Krugman and banksters hang high.

Mon, 02/11/2013 - 19:15 | 3235015 dolph9
dolph9's picture

It's simple.

Amerika is an addict that couldn't stop.  What was Amerika addicted to?  Everything!  Quite literally the concept of everything, of infinity, of actions without consequences.  Rewards without risk.  Benefits without cost.

And now it's going through an epic withdrawal.

Tue, 02/12/2013 - 00:28 | 3235749 Incubus
Incubus's picture

America, and the west, are addicted to nihilism. 

 

Keynesianism is nihilism manifest.  It operates on the assumption of belief.  As long as people believe a thing, then the reality will follow through. 

 

The debt monster doesn't exist if we don't acknowledge it.  After all, society is but a made-up thing.  If I had a lot staked in the power of peoples' belief in a thing, then I'd change the rules to keep my head on my shoulders, too.

Hell, I'd orchestrate a war to keep 'em occupied and not looking at me, too. I'm sure China will be willing to play a bit of peon-slaughtering when their PTB start sweating a little.

 

It's all a chess game with relative rules.  There's a lot invested in your belief.

Mon, 02/11/2013 - 19:15 | 3235016 jomama
jomama's picture

40 people laid off today where i work. 

The walls just keep getting closer, don't they?

Mon, 02/11/2013 - 19:25 | 3235038 IridiumRebel
IridiumRebel's picture

I live in Bridgeport CT. The city has utterly FAILED in snow removal. Granted, the snow was immense, but they had no plows going before during or even after the storm. The city told workers that they cannot pay overtime. The collapse is in full motion, but they have to psy op shit and hope you are watching Kardashian ass instead of noticing the decline of America. My neighbors and I plowed our own street. We are the marvel of the neighborhood. It started with 4 people from two houses and ended with 18 people from 9 houses working together as a commUNITY. There are some good things that will come from this. It's gonna hurt, however. Buckle up.

Mon, 02/11/2013 - 20:14 | 3235127 Michelle
Michelle's picture

That's an inspirational story and one to be proud of sharing. Yours is an example of the roots of America, before government took over and handicapped its citizens. We The People can do it better. Bravo!

Mon, 02/11/2013 - 20:18 | 3235143 IridiumRebel
IridiumRebel's picture

Exactly. People were proud. The reset will suck but ultimately be better for all.

Mon, 02/11/2013 - 22:27 | 3235453 mendolover
mendolover's picture

I'm in Stratford Rebel.  Watching front loaders rolling around with the bucket in the air is getting old fast!  Got dug out around two this afternoon.  Half assed but we're so glad to be out of here and they know it I'm sure.

Mon, 02/11/2013 - 19:31 | 3235050 Freewheelin Franklin
Freewheelin Franklin's picture

Damm yoo peepal r stuped. Teh gubmint nedss ta spand moar mony.

 

.

Hey motherfucker, get laid, get fucked.

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