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How America Makes Up For The Lack Of Manufacturing

Tyler Durden's picture charging insane amounts for services, such as these...


Source: Bloomberg BusinessWeek


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Tue, 02/26/2013 - 20:15 | 3279872 negative rates
negative rates's picture

Charge on!

Tue, 02/26/2013 - 20:49 | 3280014 James_Cole
James_Cole's picture

There's a striking lack of banking, hostpital, legal & insurance fees on this chart. 

Tue, 02/26/2013 - 20:53 | 3280026 philipat
philipat's picture

Source: Bloomberg.

Tue, 02/26/2013 - 23:08 | 3280515 Haywood Jablowme
Haywood Jablowme's picture

They forgot to add that massage parlors are now charging an extra $50 just to get your anus tickled.  Fucking highway robbery...

Tue, 02/26/2013 - 23:10 | 3280520 markmotive
markmotive's picture

Don't tell that to the Austrians!

Epic debate...Peter Schiff vs. John Mauldin

Tue, 02/26/2013 - 23:47 | 3280658 Manthong
Manthong's picture

Here’s one that’ll hit home..

Probably an noticeable fraction of the GDP nowadays - airline bag check fees.

Wed, 02/27/2013 - 01:05 | 3280821 Richardk888
Richardk888's picture

Schiff owned the bumbling fool.

Thanks for the link

Wed, 02/27/2013 - 01:07 | 3280825 Freewheelin Franklin
Freewheelin Franklin's picture

Is it me, or is Mauldin talking out both sides of his ass?

Tue, 02/26/2013 - 21:07 | 3280065 TheFourthStooge-ing
TheFourthStooge-ing's picture


There's a striking lack of banking, hostpital, legal & insurance fees on this chart.

Including those in the picture would have incurred representational modification fees, which are charged on a per pixel basis.

Tue, 02/26/2013 - 21:45 | 3280175 RockyRacoon
RockyRacoon's picture

I'm not sure if this is off-topic or not -- since I don't know what the topic is....

APMEX Reports Sales Spike on eBay Bullion Center February 25, 2013

Last  Wednesday, with New York gold down over $40 per ounce, even long time gold bulls were advising caution before committing to further investment.  Some precious metals dealers reported a flood of panic selling by anxious investors who were unloading physical coin and bar.

With everyone fearful of lower prices, exactly who was buying all that gold and silver from panicked investors?

Michael Haynes, CEO of APMEX, one of the countries largest precious metals dealers, said "As gold and silver prices continue to drop, long-term investors immediately reacted to the market movement. Recognizing that the precious metals were on sale and at a discount relative to the expected future values, buyers of physical bullion increased purchasing at the APMEX Bullion Center on eBay."

Michael Haynes explained further.

"This was the second largest selling day for the APMEX Bullion Center on eBay since inception about five months ago, beating the next highest selling day by more than 30%. As Gold and Silver prices fell, heavily influenced by the reaction of day traders to the minutes from the recent Federal Reserve Open Market Committee meeting, physical sales of both metals skyrocketed. Buyers of physical Gold and Silver have a moderate to long term view and concluded that with the price movements, the precious metals were on sale and at a discount relative to the expected future values. These investors in physical Gold and Silver apparently see the long term issues faced by the U.S. economy and seek some asset allocation into the non-correlated asset class of precious metals to protect and hedge their investments in paper assets like Stocks and Bonds.”

According to APMEX, the top sellers on the Bullion Center are the 1 oz Silver American Eagle, the 1 oz Gold American Eagle, the 5 gram Statue of Liberty Credit Suisse Gold Bar and the 100 oz Royal Canadian Mint Silver Bar.

Every bull market has corrections which offer long term investors the opportunity to add to positions at bargain prices.  The high volume of gold and silver purchases on the eBay Bullion Center indicates that mainstream buyers remain committed to precious metals as a method of wealth preservation.

Tue, 02/26/2013 - 22:10 | 3280270 kaiserhoff
kaiserhoff's picture

Thanks Rocky.  Real money is always THE topic.

Tue, 02/26/2013 - 23:37 | 3280594 Dr Paul Krugman
Dr Paul Krugman's picture

Yeah, thanks, Rocky.

The rational people were selling while gold bugs maxed out their credit cards to buy more gold!

Soon you will see gold is the least productive asset there is.  Gold, like a rock at the top of a hill, will come crashing down, and all you little gold bugs will scatter.

This may take awhile, as we have to get fear out of the market, and to do that we will need a recovery.

Tue, 02/26/2013 - 23:43 | 3280651 Shell Game
Shell Game's picture

Since you are a Keynesian, 'rational' means to leverage debt well beyond earnings and revenue by way of unbacked IOU Fiat.  Meanwhile 'irrational' sovereigns and CBs are accumulating what?

Right, moron.

Wed, 02/27/2013 - 04:47 | 3281024 tenpanhandle
tenpanhandle's picture

sticking with the real money topic, today there was a govt. auction of gold coin from the stash of the Carson City "recluse" who died a while back.  Govt. auctioned a portion of the stash so they could get their greedy paws on the inheritance tax owed.  The only price that can be analysed is a lot of 620 canadian Maple Leafs that sold for 1.16 million.  I believe the Maple leaf is a one ounce coin so the breakdown was $1,871.00 per ounce.  I know that these coins were purchased years ago and there might be some collector dates but the auction was specifically for the "bullion coin" part of this fairly large stash and that collector coins would be auctioned at a later date.  Quite the premium for the real deal.

And yes, I plan on scurrying away, with my gold, when the real crash occurs.  Those without PMs will be the bugs that are squashed under the big rock.

Wed, 02/27/2013 - 10:30 | 3281519 RockyRacoon
RockyRacoon's picture

Don't discount the provenance premium.  Lots of collectors will want to have one of the "Samaszko hoard".  There will be paperwork with the purchases that will look nice in a collector situation.

But I would have expected a higher premium than that.   I'd say the results were less than expected, although I didn't read all the article. 

Wed, 02/27/2013 - 07:53 | 3281141 new game
new game's picture

the less productive the better!!!!!!!!!!!!!!!!!!!!!!!!!

sure wouldn't want my savings to be fractionally lent out pepetuating a broken system.

would you now ,dr frugman? you there- frugfuk-brain working? fried on stimulas...

Wed, 02/27/2013 - 07:56 | 3281145 new game
new game's picture

yelling at frugfuk


Wed, 02/27/2013 - 06:49 | 3281104 Moe Howard
Moe Howard's picture

Can't say about APMEX, but Provident had the OPM 1 troy ounce bar for $9.99 over spot at the start of the dip, and then shortly raised it to $19.99 over spot [still there]. They don't release sales figures, but the bar is number one in the top twelve volume sellers on the site. I exclusivly purchaced these bars during the dip as they provided the best value. APMEX has higher shipping rates than Provident for ordinary buyers.


Who has pure gold for $19.99 over spot an ounce beside Provident?????

Tue, 02/26/2013 - 22:07 | 3280260 eatthebanksters
eatthebanksters's picture

just think, people pay Obama $500,000 to kiss his ass!

Wed, 02/27/2013 - 00:21 | 3280742 DaveyJones
DaveyJones's picture

it's a fair exchange, he kisses the other end of a few babies

Tue, 02/26/2013 - 21:48 | 3280183 AGuy
AGuy's picture

Most of these are one off, specific to a small business. Consider Cable TV, Cell Phones. Landlines and other Telcom services. Auto repair (In order to get a replacement for a $2 part, you need to buy the entire sub-assembly, costing from $250 to $2K!). How about electronic payment services. It easier and cheaper for businesses to process electronic payments than deal with checks and cash, Yet they tack on processing fees (above the costs of electronic payment processing costs).

Wed, 02/27/2013 - 05:45 | 3281079 Harrison
Harrison's picture

Right on.

I'm in Taiwan. When I pay my rent, I do so by electronic transfer. It costs me the equivalent of ten cents in US$ terms.

Back in the U.S., IIRC, the bank used to charge fifty cents per check, or twenty-five dollars for a "wire transfer". Those fees may be higher now (and probably are).

That doesn't even begin to touch on the scams that banks pull to rack up fees against customers, like TCF Bank (motto: "The Customer's Fucked!") mysteriously allowing an electronic transfer, even though when I signed up for the account I had explicitly prohibited electronic transfers, which triggered an overdraft, which triggered several hundred dollars in fees by the time the cascade was done.

Of course, the electronic transfer was fraudulent to begin with -- TCF was either hacked (not really likely), or had given out my account number to Experian Credit without my authorization. Experian, without ever being contacted by me, and without ever contacting me, mysteriously charged me $35 for no reason whatsoever.

And, naturally, because the account was overdrafted, this meant that I couldn't make the brand new just-imposed quota of FIFTEEN FUCKING TRANSACTIONS PER MONTH!!! in order to avoid TCF's $10-per-month fee just for having an account with the worthless shit-eaters.

Wed, 02/27/2013 - 07:17 | 3281124 Moe Howard
Moe Howard's picture

Sounds to me as if you are a bad shopper of banks. I don't have a clue about Taiwan banking, but I do about US banking.

I pay zero per check, and would not have an account that charged me for using checks. This has been true for decades.

Can I find a bank that would charge me? Sure, but I'm not an idiot, why would I?

Wire transfer for rent? What? Are you a moron? Ever hear of cash or check?

I pay bills electronically all day long for zero. Are you a moron?

Sounds like you are a very young and immature person who was easily conned. Let me guess? Asian? 

If they committed fraud, why didn't you do something about it, instead of crying and swearing online over your impotence? 

Tue, 02/26/2013 - 22:56 | 3280475 williambanzai7
williambanzai7's picture

Don't forget mobile data plans, cable TV charges and airline ticket fees.

This is what they are teaching in business school now. Virtual milking.

Tue, 02/26/2013 - 23:29 | 3280593 Tijuana Donkey Show
Tijuana Donkey Show's picture

In my area, we call that a DIA fee. (Dick In the Ass) A great example of a DIA fee is baggage on a plane, or the UAC fee on your cable bill for Obamafones. 

Wed, 02/27/2013 - 05:48 | 3281081 Harrison
Harrison's picture

Yep. Life is just so much better outside the U.S.

I feel like I'm channeling Simon Black when I say/write things like that, but it's just so fucking true. There is a remarkable lack of bullshit rent-seeking by corporatist scumbags once you escape the bastion of freedom and liberty.

Wed, 02/27/2013 - 07:57 | 3281147 blindfaith
blindfaith's picture



I don't see very many refusing to pay it...doing with out.  Everyone just holds their collective noses and pays which encourages the practice.

Gave up cable 12 years ago, not missing a thing!  Simple cell phone plan, don't care about a fancy fone and when this plain one dies, I will be off the air.  I don't like being abused, so I won't fly.

Wed, 02/27/2013 - 00:59 | 3280812 Oldrepublic
Oldrepublic's picture

anyone who has lived or traveled outside the US much can immediately note the very high price differentials between the cost of services in the 

US and abroad. This is especially true in the medical field.

Tue, 02/26/2013 - 22:27 | 3280350 bulldung
bulldung's picture

I wonder if Dutch Boy Burger rounds down to the nearest dollar if the bill ends in .49 ? 

Wed, 02/27/2013 - 07:32 | 3281130 MillionDollarBoner_
MillionDollarBoner_'s picture

I wouldn't spend too long wondering about that...

Tue, 02/26/2013 - 22:47 | 3280435 Buck Johnson
Buck Johnson's picture

Yep, America is turning into a third world nation that has to by hook or by crook get it's money from anybody in it's borders.

Wed, 02/27/2013 - 00:38 | 3280778 rotagen
rotagen's picture

A Nation of Snivelling, whining, weaselly little rat-faced twits.

Tue, 02/26/2013 - 20:18 | 3279891 Seasmoke
Seasmoke's picture

When I go to the BLT Burger. I always order Makers straight. When they try and charge me an extra $2. I tell them to add the ice cubes.

Tue, 02/26/2013 - 21:16 | 3280090 SilverIsKing
SilverIsKing's picture

Well played. I will try to do likewise next time at BLT Steak. I'd bet they have the same stupid policies.

Tue, 02/26/2013 - 20:25 | 3279909 knukles
knukles's picture

All will undoubtedly raise the velocity of Money thereby boosting Nominal GDP. 
Krugman should have a 6 hour hard-on.


At least Kerry's overseas trip goes well, I hear, piece in our time....

Tue, 02/26/2013 - 20:38 | 3279968 kaiserhoff
kaiserhoff's picture

Peace on who's time?

OK, is it my imagination, or does that job make you ugly as sin?  No matter how bad they were going in, they come out looking like the troll under the Mule Creek Bridge.  Remember Madeline Albright?  That Bitch was so fugly she scared the horses.

Tue, 02/26/2013 - 21:18 | 3280095 Marge N Call
Marge N Call's picture

She was no bargain going in...

Tue, 02/26/2013 - 23:39 | 3280632 willwork4food
willwork4food's picture

She? I always thought it was a fat man.

Wed, 02/27/2013 - 04:56 | 3281034 tenpanhandle
tenpanhandle's picture

They just gave her the job to get her out of the cuntry.

Wed, 02/27/2013 - 02:20 | 3280922 piliage
piliage's picture

I found it very difficult to know when she stopped talking as after her lips stopped moving, the jowls rolled slowly back and forth, like waves on the sea, for a good 5 seconds afterwards. It was like watching two mounds of jello copulating.

Tue, 02/26/2013 - 20:42 | 3279979 Híppos Purrós
Híppos Purrós's picture

..."piece in our time." [sic]...

Is he getting laid, too!???

Re: Chamberlain - see also: Norman Angell's "The Great Illusion"

Tue, 02/26/2013 - 20:23 | 3279910 lolmao500
lolmao500's picture

How America Makes Up For The Lack Of Manufacturing... easy, just say AMERICA IS NUMBER ONE and all your problems will be solved!

Tue, 02/26/2013 - 20:44 | 3279980 kaiserhoff
kaiserhoff's picture

Of course we are:


Celebrities and Personalities


Illiterate Somebitch Athletes


Rich Jews

Gator Hunters and Red Necks

Ugliest First Lady in Christendom..., make that in the history of Christendom..., I could go on but I'm getting depressed.

Tue, 02/26/2013 - 20:48 | 3280004 ParkAveFlasher
ParkAveFlasher's picture


Tue, 02/26/2013 - 20:56 | 3280031 kaiserhoff
kaiserhoff's picture

Forgot Hoochie Mommas, Baby Daddies, Penis Envy, Texting while having sex.... altogether now..


Tue, 02/26/2013 - 22:03 | 3280246 Pure Evil
Pure Evil's picture

Don't forget Honey Boo Boo!

Tue, 02/26/2013 - 22:32 | 3280374 TruthInSunshine
Wed, 02/27/2013 - 00:25 | 3280751 DaveyJones
DaveyJones's picture

gmo production & drone attacks!

Wed, 02/27/2013 - 08:09 | 3281159 jerry_theking_lawler
jerry_theking_lawler's picture

all of these combined items = american greatism....


i feel this is going to end badly.

Tue, 02/26/2013 - 21:20 | 3280099 Marge N Call
Marge N Call's picture

Does she count as Christendom though? Once you remove that constraint, she looks better....ummm you win.

Tue, 02/26/2013 - 21:30 | 3280126 a growing concern
a growing concern's picture

Hey, what do you have against gator hunters and rednecks?

Wed, 02/27/2013 - 01:00 | 3280814 UP Forester
UP Forester's picture

Yeah, who else do you want on your side during the upcoming invasion of lizard-man-aliens that speak with a French accent?

Tue, 02/26/2013 - 22:52 | 3280454 thisandthat
thisandthat's picture

I suggest charging visitors for entry tickets to the world's first continental scale human herding theme park - you people really get milk(ed)! XP

Tue, 02/26/2013 - 20:24 | 3279915 JustObserving
JustObserving's picture

If you make nothing then you have to charge for nothing.

Besides, Bernanke prints $85 billion a month - a currency created out of nothing is worth nothing. Fraud starts at the top.

Tue, 02/26/2013 - 20:26 | 3279923 LawsofPhysics
LawsofPhysics's picture

Indeed, and when fraud is the status quo, possession is the law.  bring it.

Tue, 02/26/2013 - 22:24 | 3280341 Acidtest Dummy
Acidtest Dummy's picture

Indeed, all crime begins with politicians.


Tue, 02/26/2013 - 21:12 | 3280076 Oldwood
Oldwood's picture

You would have to be stupid to actually work for a living. Its no wonder they have no respect for those of us who do.

Tue, 02/26/2013 - 20:25 | 3279917 LawsofPhysics
LawsofPhysics's picture

Right, because these things aren't happening anywhere else on the planet.  < sarc off > totally stupid.  Humanity isn't a ponzi, it's the ponzi.

Tue, 02/26/2013 - 20:27 | 3279930 monopoly
monopoly's picture

Dont forget all those UPS surcharges including rural delivery, gas, and wrong address. They nit pick us to death.

Tue, 02/26/2013 - 20:38 | 3279957 akak
akak's picture

UPS sucks syphilitic donkey shlong.


Never, EVER, will I use their abominably bad 'service' again, after almost uncounted packages lost in transit, damaged in transit, or left on my doorstep, unannounced, in the rain, at 9:00 PM at night, or in nearby snowbanks only to be found ruined in the spring.

Tue, 02/26/2013 - 20:52 | 3280020 ebworthen
ebworthen's picture

Twice UPS delivered packages to the neighbor across the street and next door to me in suburbia. 

My address was on the door, on the curb, and I lived on a corner.

They had to try to not deliver it to my house.

Tue, 02/26/2013 - 21:09 | 3280032 akak
akak's picture

I once sent about $250 of frozen seafood, via UPS overnight delivery, to my sister and brother-in-law in Florida as a Christmas gift.  When, after EIGHT days it had still not been delivered, I redirected the now-rotting and hopefully loathsome package to the personal office of the CEO of UPS.

I followed it up with a rather detailed letter, explaining from whom and why he was receiving such a generous gift, as well as giving him the history of the package's travels through the Byzantine and utterly incompetent UPS network.

Tue, 02/26/2013 - 21:13 | 3280080 TheFourthStooge-ing
TheFourthStooge-ing's picture

He's lucky you didn't send a chunk of durian with the letter.

Tue, 02/26/2013 - 21:17 | 3280094 akak
akak's picture

It could still happen.



Tue, 02/26/2013 - 23:03 | 3280504 tnquake
tnquake's picture

Slightly off topic...

My son loads packages @ UPS part time whilst going to college. Makes about $100/week take home, but has excellent health insuance. UPS is going to increase health care costs by about $30/week and he will be down to making enough to fill the gas tank per week!

Interestingly, he has been handling a boxes of gun powder the last couple of months...

The new normal!

Wed, 02/27/2013 - 07:24 | 3281126 Moe Howard
Moe Howard's picture

I know more than one young person who worked at UPS part time on a special student program [UPS pays tutition etc] while going to UofL, graduated debt free and with some cash. Great company for young people who want a degree and aren't afraid to work for it. No obligation to work for UPS after graduation.

As for the horror stories about UPS, I have used all the shipping companies for decades, they are the best over all. They do make mistakes, of course, but overall, good job.

Tue, 02/26/2013 - 22:14 | 3280292 ebworthen
ebworthen's picture

lol...that's the stuff that made even Andrew Zimmerman of Bizarre Foods gag - and it was fresh.

Tue, 02/26/2013 - 22:09 | 3280261 ebworthen
ebworthen's picture

I believe it.

Luckily I had neighbors of character who brought the packages over to me.

These were expensive items, $500+ that were supposed to have signature confirmation.

As it was holiday season and the higher-ups whip their subordinates for chruning volume and profits for their bonuses no doubt the drivers were simply trusting the neighborhood so they could stay employed, I was lucky they guessed right.

Tue, 02/26/2013 - 22:46 | 3280427 ReallySparky
ReallySparky's picture

Obviously I will short the stock on your candid testimonial.

Tue, 02/26/2013 - 23:23 | 3280548 Renfield
Renfield's picture

UPS is a dealbreaker for me. If I have to rely on them for delivery, I will pass on the buy.

My husband (not knowing my anti-UPS convictions) recently ordered a new PC from tigerdirect. Tigerdirect is not a bad company. BUT they send via UPS.

We received one (1) "Final Notice of Delivery Attempt" stuck on the front of our mailbox, on the SAME day the thing was shipped to us. (There were supposed to be 3 delivery attempts, as a standard part of the tigerdirect delivery contract.) I called tigerdirect AND UPS and mentioned that it is fraud to claim that this is the final of 3 delivery attempts, when it was only the first one. (That's if they brought the package that time at all - we were home all day and there was no knock, no ring at the door that day.) I demanded the to-my-door delivery we had paid for. The UPS guy promised to bring it the following Monday.

Monday came, Monday went. No delivery.

Fuming, I went the depot the next day and picked it up. When I did so, they guy said he was packaging it for COD delivery BACK to tigerdirect the next day, since no-one had come to pick it up and it was considered undeliverable. (This is, in total, 6 days after the notice of delivery, which includes a weekend. Nearly all of that time was spent waiting for the Monday the UPS guy had promised on the phone.) I had to take the computer home by cab, which of course was additional delivery expense.

I have a dated "Final Notice", and a dated "Notice of Shipment", both of which are dated the same day. The "Final Notice" is a paper notice with a handwritten date and a handwritten "Final Notice" selection. This should be ample to make a complaint of fraud to the Better Business Bureau, not that I expect any real consequences on them from the BBB but if there are any at all it will be worth something. UPS never had the smallest intention of delivering anywhere near my house, despite the service advertised and despite the promise to me on the call (witnessed by the tigerdirect rep and no doubt entered in their call records).

When I saw the guy at the depot, I could see why he didn't want to deliver it to my door. He was 300 pounds if he was an ounce. He didn't look like he could make it a block without help. He probably hasn't delivered any package larger than an envelope for lo these last ten years.

Happy to say my husband now shares my deep anti-UPS convictions, and is beginning to understand my frequent use of the term "union parasites". I did tell the tigerdirect rep that I never would have bought from them had I known UPS was their carrier, but the response wasn't much more than a yawn.

Tue, 02/26/2013 - 23:59 | 3280685 akak
akak's picture

Renfield, I do not doubt any aspect of your story, and completely sympathize with you, as every detail of it sounds precisely like so many of my experiences with UPS.  The final straw for me was when the same sister and brother-in-law mentioned above sent me, for my birthday, and again unfortunately by UPS, an entire case of $100+ bottles of wine, only to have the UPS moron leave it on my doorstep, totally unannounced, well after 9:00 PM on a November evening in Alaska in sub-zero temperatures.  Every bottle froze, and either shattered or popped its cork.  I might have salvaged some of the latter, except the moron left the box upside down!

I once attended a small business seminar at which the organizers eventually broke us up in smaller groups to discuss various specific problems we faced as small business owners.  When the topic of shipping was brought up, and we were asked "What is your most frustrating problem regarding shipping?", ALL eight or nine of us in that group, in unison, shouted out "UPS!".

Wed, 02/27/2013 - 00:32 | 3280769 Oldrepublic
Oldrepublic's picture

paypal is very unpopular with small business owners.

Wed, 02/27/2013 - 01:51 | 3280894 ebworthen
ebworthen's picture

I can't count on both fingers and toes the number of packages I have had to go the the United Parcel Service UPS depot (NOT United States Postal Service or USPS) to pick up.

I swear to God they are running back to the truck before they ring the doorbell. 

By the time I got upstiars (15 seconds) they were driving away.

Yellow sticker on the door "come pick up or...".

Fuck that.

Wed, 02/27/2013 - 00:33 | 3280770 DaveyJones
DaveyJones's picture

you forgot the part of the story where you got a personal phone call and two tickets to hawaii 

Tue, 02/26/2013 - 20:33 | 3279949 pragmatic hobo
pragmatic hobo's picture

it's smartphone economy ... without idiots paying $100 a month for phone service the consumer spending will likely collapse ...

Tue, 02/26/2013 - 21:45 | 3280170 toady
toady's picture


I'm disappointed in the triviality of the infographic.

$100 to $200 a month for TV that used to be free

$100 to $200 a month for phone service that used to cost $10 a month.

Internet service, home alarm service, gym membership ... all totally trivial and useless. (OK, maybe the internet is useful)

All these 'services' do is distract and impoverish.

Tue, 02/26/2013 - 22:42 | 3280415 boogerbently
boogerbently's picture

And how many businesses get paid twice?

Advertizers pay the media to reach the people and the people pay that same media to be advertized to.



Tue, 02/26/2013 - 20:34 | 3279954 Mark123
Mark123's picture

The closest thing you can come up with is to compare to a family that owns a huge piece of real estate worth a lot of money....probably been in the family for 100's of years.


One day the lazy, self-indulgent descendents of these hard-working pioneers decides to take out a mortgage on the property.  They party on for about 25 years living the good life....just consuming, having parties, buying fancy clothes, traveling etc....always taking on more debt and never working or learning new skills.  They are looked upon as the greatest generation and are the envy of everyone.


Finally, the banker won't lend them any more and they are forced to sell the property to pay off the mortgages.  The banker buys it for a great fire-sale price.

Tue, 02/26/2013 - 20:41 | 3279977 sangell
sangell's picture

I caught on to my ENT doctors scam. He did a biopsy last year on a non malignant growth ( thank god) but charged me another $50 co-pay to come to his office to get the results from his nurse. This year he did another biopsy on it this year and his office called again and said the biopsy result was in and to come in and get the results. I said send it to my primary care doctor.

Tue, 02/26/2013 - 22:18 | 3280304 ebworthen
ebworthen's picture

Good tip.

My primary care doctor this year is trying to get me to come back to corporate-care headquarters to pay another $100 for a thyroid hormone blood level re-test and another $100+ for another office visit three months after my annual test and visit.

I can't decide if I'm going to show up at the emergency room speaking Spanish or skip the hormone for a couple of weeks and claim he wouldn't give me a prescription.

Tue, 02/26/2013 - 23:20 | 3280551 sangell
sangell's picture

Actually it works like this. Say you will be out of town for the next two weeks ( that's what I did to see what the results were. If they were bad they would tell you to come in right away). The doctors office, knowing the results were not bad, suggested she send them to my primary care physician. I said, yes, that would be a good idea.

Wed, 02/27/2013 - 03:57 | 3280989 IridiumRebel
IridiumRebel's picture

Wife's an ER nurse.... Go in and claim your ID was stolen. Get treated and give a fake name. Youre good. People do it DAILY.

Tue, 02/26/2013 - 20:44 | 3279986 Kirk2NCC1701
Kirk2NCC1701's picture

MDB, Krugman:  C'mon, comments please.   I need to be entertained.

Tue, 02/26/2013 - 22:21 | 3280322 ebworthen
ebworthen's picture

MDB:  "If only every American could have an Ivy League education, earn six figures jiggering leveraged stocks with 401K money, and break three windows at their Parents estate this economy would be humming."

Krugman:  "If we allow illegal immigration from China and don't require Visa's for Chinese graduate students while doubling QE and government spending the economy will be in great shape."

Tue, 02/26/2013 - 23:29 | 3280582 Renfield
Renfield's picture

They're my 2 favourite Hedge comedian-trolls. (Trolls if you don't think they're being ironic I guess.)

I always Upvote them but I am in the minority. Guess we can't have too many comedians in this tough crowd.

Harvey Wang or Harry Wanger or whatever his ass is couldn't hold a candle. And Robot Trader, I kind of suspected he was trying to be serious at least 60% of the time.

Wed, 02/27/2013 - 00:55 | 3280806 akak
akak's picture

Ah, HarryWanger!  You DO go back a ways here, don't you?

Do you happen to remember JohnnyBravo?  A.k.a. Masterbates?
Now that was a REAL SOB troll!

Wed, 02/27/2013 - 01:10 | 3280829 defender
defender's picture

Didn't he also have a name with something to do with an apple, maybe JohnnyAppleseed?  At one point he said that he had forgotten the password for one of his accounts, and had to start a new one. 

I wonder if he ever finished college?

Of course, there was also your old friend Leo. 

Wed, 02/27/2013 - 01:36 | 3280873 akak
akak's picture

JohnnyBravo's avatar for quite a while was the Apple logo, so you are partially correct on that.

Leo! How could I forget my dear old smug and arrogant, diehard Keynesian friend?!

I wonder if he is still having breakfast with pension fund managers, and then babbling about it all in his blog, you know, how the future is all rainbows and lollipops with good Keynesians at the helm of the world's central banks.

Wed, 02/27/2013 - 04:31 | 3281007 Renfield
Renfield's picture

There WAS a JohnnyAppleseed! I don't remember the avatard but I remember that name, mostly b/c it seemed like such a waste for a troll. Real trolls should always be named something relating to a penis. It just suits better.

That was another one who I suspected was a Harvey Winky sock.

There was a whole spate of trolls - whose names I can't even bother with, 2008-2010 vintage - who'd run into the middle of every thread no matter what the topic was, and yell "Gold suckz" or alternatively "Gold Bitchez!" to try to get the discussion derailed. (They always used the "z" ending since trolls are sheep and have no clue what "Gold, bitches" means or when it should be used. God DAMN I miss Cheeky Bastard.)

It usually worked back then. I got so tired of telling some ranting gold- or paper-bug "Don't feed the trolls" but I guess Hedgers are more sophisticated now and have learned to tell 'em when they see 'em, just Junk and move back to where the grownups are talking. They were the MOST boring and the MOST annoying b/c that tactic actually worked for awhile. I'd have to scroll past 75% of the comments just to get to the good stuff.

Good times. Good times.

Wed, 02/27/2013 - 03:48 | 3280955 Renfield
Renfield's picture

hehehe - yeah I remember them (JB & MB). I always suspected they were Harry Wanker socks actually so I always sort of conflated them together in my mind. Can't remember why anymore; I think they just all sounded the same and none of them were funny. It all blurs together after awhile. Prolly took too many punches to the head here or something. Now I can only remember the funny ones.

Tue, 02/26/2013 - 20:45 | 3279992 back2basics
back2basics's picture

I'm callling bull$hit


Tue, 02/26/2013 - 20:45 | 3279995 DOT
DOT's picture

My plumber earns his bonus by showing -up. First fifteen minutes is $140.

Tue, 02/26/2013 - 21:05 | 3280057 kaiserhoff
kaiserhoff's picture

At least he deals with shit.  Bankers and politicians just create it.

Tue, 02/26/2013 - 21:16 | 3280088 DOT
DOT's picture

He earns the bonus no doubt about it. Don't tell but I would willingly pay more. Honest work and fair pay go together just like liar loans and bankers.

Tue, 02/26/2013 - 20:46 | 3279998 AldoHux_IV
AldoHux_IV's picture

Scratching the surface of all the other bullshit we "pay" for-- would need one of dem fancy universe doo-hickeys I see big data crunchers use for perty presentations

Tue, 02/26/2013 - 20:48 | 3280005 Downtoolong
Downtoolong's picture

How about your local bank branch charging $40 for a wire transfer using the same system they do all their transfers with and charge other banks nothing for. Oh, and just to piss you off even more, they won't guarantee the transfer in less than 48 hours, even though it only takes 30 seconds to execute. 

Tue, 02/26/2013 - 21:41 | 3280162 a growing concern
a growing concern's picture

1s and 0s are expensive.  Just ask the Bernank.

Wed, 02/27/2013 - 05:10 | 3281045 tenpanhandle
tenpanhandle's picture

They have to run it through the IRS first.

Tue, 02/26/2013 - 20:48 | 3280008 ebworthen
Tue, 02/26/2013 - 20:49 | 3280011 RebelDevil
RebelDevil's picture

What ever happened to the attitude of abundance?

Tue, 02/26/2013 - 21:01 | 3280051 tickhound
tickhound's picture

It was managed and whittled down by the more profitable attitude of scarcity. 

Tue, 02/26/2013 - 20:50 | 3280015 Cdad
Cdad's picture

Yet another example of the joy of late stage crony capitalism. 

Tue, 02/26/2013 - 20:51 | 3280017 yellowsub
yellowsub's picture

Just wait until the crap your town comes up with to tax you to death.   Someone's gotta pay their retirement.

Tue, 02/26/2013 - 20:56 | 3280033 Cheesy Bastard
Cheesy Bastard's picture

Hear that ladies?  You should never decline the cheese.

Tue, 02/26/2013 - 20:57 | 3280036 Never One Roach
Never One Roach's picture

Want a good laugh, look at your hospital bill sometime. When you stop ROTFL, ask for a detailed itemization of the bill PLUS an explanation of EACH charge.

$15 bandaides, $800 for an OB-Gyn pack (when I only had a mole removed!)...and so on.

Tue, 02/26/2013 - 21:05 | 3280062 akak
akak's picture

I can remove your mole for $10 and half a stick of dynamite.


Oh, wait ... which kind of mole are you talking about?

Tue, 02/26/2013 - 21:10 | 3280073 Piranhanoia
Piranhanoia's picture

You know what a mole is, right doc?

Tue, 02/26/2013 - 21:14 | 3280083 akak
akak's picture

Well yeah --- isn't that the Jewish guy who slices off a baby boy's weiner?

Tue, 02/26/2013 - 22:04 | 3280250 jay28elle
jay28elle's picture

Happened with my Dad... he demanded written justification for each line item, including authorizations.  The bill quickly dropped almost 60%.

Tue, 02/26/2013 - 20:58 | 3280041 sangell
sangell's picture

I opened my mail. It was from the IRS. A month or so ago I got a letter from the IRS saying I had not paid tax on a $14 dividend I received. The letter asked if I wanted to calculate my tax liability on this enormous oversight on my 2011 or have the IRS do it. I wasn't sure where it came from so I said for them to do it. Today's letter informed me I owed them....$115,472!!!

That soot monkey in the White House and his humanzees in the IRS are out of friggin control.

Tue, 02/26/2013 - 21:08 | 3280067 dick cheneys ghost
dick cheneys ghost's picture

Tell them you are a Jewish will pay a small fine and will admit to no wrongdoing!!

Tue, 02/26/2013 - 21:59 | 3280230 jay28elle
jay28elle's picture

No, tell them it was a problem with TurboTax and I'm sure they will think it's no big deal.

Tue, 02/26/2013 - 21:17 | 3280091 lemonobrien
lemonobrien's picture

good luck

Wed, 02/27/2013 - 10:43 | 3281546 Absinthe Minded
Absinthe Minded's picture

That is a term I hadn't heard in a while but if you look it up it is an interesting true story about a chimpanzee that was so human it had to be a cross breed.

Tue, 02/26/2013 - 21:02 | 3280052 MedicalQuack
MedicalQuack's picture

Nice informatic and one forgotten too is data selling...billions are made.  If Walgreens made short of $800 million in 2010 think of how big that pot is.  Why go out and set up new factories and hire people when you can either mine and sell data in house or mine it from the outside and sell it.  Billions in profits are made and the data is getting flawed as it's like "hey dude let's write some code and query some dat and sell some new analytics"...

They are trying to use non linear on very linear data and stretching to the limits and flawes of course roll.  Now a group of bankers came up wiht some wise words...half the analytics sold are going to be useless...I agree with them, as read the paragraph I wrote above.  Getting Algo Duped is what they prey on.

Selling data is an epidemic right now and the tangible folks (manufacturing) have no icnetive or go sell datat themselves.  Well I can't eat an algo for lunch and nor does an algo pay the rent. 

Speaking of Walgreens, big breach in personal health records and how did all this get stolen?  Were they sloppy in processing the data for sale and left it out?

This is the biggest technology attack on consumers that has ever existed and why I wrote the series called the Attack of the Killer Algorithms and nobody cares that their flawed data is denying you the consumer something. They don't even know what they are doing with the data.

And we have analytics that tell employers to get the employees to dump their spouses to save money and minimize risk for profits with health insurance.

Again I say excise and license those folks making all this easy money.  Feds can't see it as they are obvlisous but it gets everyone of us.  Of course it is sold over and over again without upates too.

This is such a huge profit area for banks and companies and it's totally invisible to the consumer so doing my best to bring an awareness around.  Just today another blogger said beware of the doctor machines in Wal-Mart, and she's right they are set up to mine your data while you are there. 

Tue, 02/26/2013 - 21:03 | 3280055 Stuck on Zero
Stuck on Zero's picture

Here in Southern California I called two contractors to get estimates to put up 50 feet of plain wood fencing.  The estimates were: $10,500 and $12,000.  In both estimates the materials were less than $1800.  The rest was for labor and planning.  If you can do blue collar work I urge you to move to Southern California and get rich. 


Tue, 02/26/2013 - 21:12 | 3280079 kaiserhoff
kaiserhoff's picture

Are your legs broke?

Tue, 02/26/2013 - 23:58 | 3280687 willwork4food
willwork4food's picture

California requires the most draconian set of work permits for contractors this side of the Milky Way.

They most likely paid thousands for a class A contractor's license, city license, special insurance, mandatory Workman's Comp plus annual unkeep fees. It's not that their getting rich, there's just not as many that can afford that shit.

Wed, 02/27/2013 - 01:07 | 3280826 bunnyswanson
bunnyswanson's picture

Agenda 21 is firmly in place in Calif.  Florida as well.  This is why.  They are complicating the procedure to stone wall the ability for small businesses to grow.

Agenda 21 has been moving in for 20 years.  It's nearly complete.  When it is completely, your land will be either no longer yours or worth so much now that the taxes on the property will render you unable to contain ownership.

They are going to cordon off 40% of the US land mass for the good of the climate. You'll  be living in a 200 sq apartment with 1 door that goes right into a hallway to a warehouse...your new job.

This policy is designed to strangle Americans and put the control of the land and businesses in operation under a group of individuals called NGO, who are paid with your tax dollars, to do "it right." UN has a web site, it is all fucking right there

Wed, 02/27/2013 - 04:56 | 3281035 delacroix
delacroix's picture

there's no permit required for a fence under 6' in height in so cal.

Wed, 02/27/2013 - 08:18 | 3281168 jerry_theking_lawler
jerry_theking_lawler's picture

so, can you build 2 5'11" fences and 'stack' them on top of each other?

i find with most laws, there are alway unintended consequences....just saying.

Tue, 02/26/2013 - 21:57 | 3280217 TheFourthStooge-ing
TheFourthStooge-ing's picture


In both estimates the materials were less than $1800.

Hopefully they were way less than $1800. Spacing your posts evenly would give you seven sections of a little more than 7 feet each. You'd need 100 six-inch pickets and, depending on the height, either two or three rails per section. Altogether, that's a total of 8 4x4 posts, 14 (or 21) 2x4 rails, 100 1x6 boards, a dozen or so bags of concrete, and a few boxes of nails or staples.

So for $1800, were you getting the teak or the walnut?

Tue, 02/26/2013 - 22:27 | 3280355 akak
akak's picture

What, you mean YOU don't have a Brazilian rosewood picket fence?

I thought everyone who's anyone went for the tropical wood fences --- wasn't that the fad that followed all the must-have granite countertops?

Tue, 02/26/2013 - 23:02 | 3280494 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak asked:

What, you mean YOU don't have a Brazilian rosewood picket fence?

No. Instead, I've gone with an ornamental, self-repairing variety of concertina wire known as Rosa rugosa.

Tue, 02/26/2013 - 22:48 | 3280437 boogerbently
boogerbently's picture's the nails that were expensive.

The libs in CA consider them assault weapons.

Wed, 02/27/2013 - 03:47 | 3280979 Miffed Microbio...
Miffed Microbiologist's picture

Actually they would make pretty good assault weapons, albeit close range fighting only. I've seen 2 brad nailers to the head in a couple of construction fights. Wow, pretty impressive X-rays. We use our nail gun for a lot of home projects and I have to admit it scares the shit out of me!


Wed, 02/27/2013 - 00:37 | 3280777 Oldrepublic
Oldrepublic's picture

get another estimate but brush up on America's de facto second language

Tue, 02/26/2013 - 21:09 | 3280071 Piranhanoia
Piranhanoia's picture

Outright fraud.  corkage fee.  Advise the Sommelier where the cork will find itself, inserted using a fork.  Paying a theater to watch commercials?   Guess it has been awhile since I saw a movie.  Thanks for the warning,  I can wait for the DVD.  Paying for a casket @$999 20 years ago and having them want more because they forgot to order it for you, then billing you double?  That is a tort.  Wheelchair fee?  When it is against the law?   But last but not least,  no wonder no one I know ever recommended a kindle.  Hard to imagine reading a book with commercials.   

Does anyone actually know anyone that would put up with this crap, ever?


Wed, 02/27/2013 - 05:22 | 3281056 tenpanhandle
tenpanhandle's picture

Buy a DVD with your hard earned money then after pushing the play button, get threatened by the FBI then have to watch 6 commericials trying to sell you another DVD.  Seems to me that if you bought it and are threatened by the FBI to only keep it for private use that their damn advertisements are then an invasion of your privacy.

The rage factor just keeps on building.

Tue, 02/26/2013 - 21:17 | 3280092 The Fonz...befo...
The Fonz...before shark jump's picture

Don't forget refinery costs...price of oil is where? And the price of gas is?

Big disconnect....

And by the way wtf is diesel fuel,so friggin high?

And whenever I see a stupid tip/ change jar at a coffee shop I feel like reaching in and grabbing my piece of the want a tip? Ok let me take my 10% finders fee for the business

Let's just go full retard fuckers

Tue, 02/26/2013 - 21:45 | 3280172 Jugdish
Jugdish's picture

Fuck it. Your fuckin right. Get a clown wig and put a sock on your cock and start knocking on doors.

Tue, 02/26/2013 - 21:45 | 3280174 mrpxsytin
mrpxsytin's picture

Can anyone say that these charges are more absurd than when the Catholic Church used to sell tickets, that allowed travel from an imaginary place called "pergutory", to another imaginary place called "heaven"?

Tue, 02/26/2013 - 21:49 | 3280190 jay28elle
jay28elle's picture

Move on. Nothing to see here.

Tue, 02/26/2013 - 22:04 | 3280251 booboo
booboo's picture

would it be ok if they said you could travel from pergurtory to heaven an imaginary flying saucer with imaginary aliens.

Wed, 02/27/2013 - 04:59 | 3281038 No Euros please...
No Euros please we&#039;re British's picture

Would this flying saucer involve travelling with a priest, wearing a blindfold and a free anal probe?

Tue, 02/26/2013 - 22:19 | 3280315 kaiserhoff
kaiserhoff's picture

When did they stop?

Wed, 02/27/2013 - 04:59 | 3281037 delacroix
delacroix's picture

now they're selling tickets for the return trip.

Wed, 02/27/2013 - 08:33 | 3281190 matrix2012
matrix2012's picture

"Purgatory".. fixed it for ya



Catholic Answers:  Why Go To Purgatory?

Why would anyone go to purgatory? To be cleansed, for "nothing unclean shall enter [heaven]" (Rev. 21:27). Anyone who has not been completely freed of sin and its effects is, to some extent, "unclean." Through repentance he may have gained the grace needed to be worthy of heaven, which is to say, he has been forgiven and his soul is spiritually alive. But that’s not sufficient for gaining entrance into heaven. He needs to be cleansed completely.

It is entirely correct to say that Christ accomplished all of our salvation for us on the cross. But that does not settle the question of how this redemption is applied to us. Scripture reveals that it is applied to us over the course of time through, among other things, the process of sanctification through which the Christian is made holy. Sanctification involves suffering (Rom. 5:3–5), and purgatory is the final stage of sanctification that some of us need to undergo before we enter heaven. Purgatory is the final phase of Christ’s applying to us the purifying redemption that he accomplished for us by his death on the cross.


Christian Version

There is no repentance in the grave.

The rich man that died in Luke 16:19-31 had no chance of repentance after death. All those that die goes to the grave and whatever state they die in as it pertains to God's Word is the state they will spend eternity in.

The theory of a purgatory, or the intermediate state of suffering between heaven and hell for the discipline and purification of those who finally are to enter heaven, belongs to the Roman church. It is part of an elaborate system of doctrine concerning the souls of the departed developed by medieval theology. It has no foundation in Scripture and is even opposed by such Scriptures as pronounce those “who die in the Lord” as “blessed” or “with Christ.” It dishonors the perfect atonement of our Lord and has led to the great abuse of the sale of masses for the dead.

But God's Word tells us there is nothing we can do for anyone that is in hell our prayers cannot help them. Yet purgatory is suppose to be a temporary cleansing of the sin period where those that are there are tortured with fire. So in other words sound like they are in hell already but through prayer they can be released.

There is no repentance in the Grave! Whatever state one die in is the same state they will spend eternity in.



ZHers, your take?

"If we don’t know life, how can we know death?"


"Someday, anyone of us will find death is better than living.

Pls embrace death as you embraced life.

There is no death without life

Your time will come eventually."


"A belief in hell and the knowledge that every ambition is doomed to frustration at the hands of a skeleton have never prevented the majority of human beings from behaving as though death were no more than an unfounded rumor." - Aldous Huxley, author of 'Brave New World', 'Brave New World Revisited', 'The Doors of Perception', 'Island' (his last book), etc.



Wed, 02/27/2013 - 09:57 | 3281419 Absinthe Minded
Absinthe Minded's picture

The God I believe in would not allow pedophiles to be priests and run the Vatican like the Mafia. On second thought the Mafia is probably a cleaner more honorable
institution, they don't make you feel guilty for not paying up, they just kneecap ya.

Tue, 02/26/2013 - 21:58 | 3280226 venturen
venturen's picture

Could we rent Michelle out for video apperances? There got to be money in that? How much did the Oscar pay her to shill for them? Maybe we could even get some for his daughters as well?

Tue, 02/26/2013 - 22:10 | 3280276 IridiumRebel
IridiumRebel's picture

I'm sure they'll be "acting" in some stupid shitty flick soon enough. Maybe we can get Ashley Judd to star? They can bitch about male chauvenism and well, you can write the rest of it.....

Tue, 02/26/2013 - 22:06 | 3280256 famousamos
famousamos's picture

I thought we made up for manufacturing my creating "complex financial instruments".


Tue, 02/26/2013 - 22:06 | 3280258 Shakes
Shakes's picture

Go Buck$!

Tue, 02/26/2013 - 22:10 | 3280273 t0mmyBerg
t0mmyBerg's picture

here is another one.  I went to PNC Bank yesterday to do a domestic wire transfer to my broker.  In addition to the $25 wire fee, because I was actually doing it in a branch, I had to pay a $45 fee for having the banker do the wire.  I will be changing banks

Tue, 02/26/2013 - 22:20 | 3280317 booboo
booboo's picture

Two words, Credit Unions.

Tue, 02/26/2013 - 22:22 | 3280329 Atomizer
Atomizer's picture

Give it a moment to buffer.. 


AGENDA: Grinding America Down (Full Movie)



Tue, 02/26/2013 - 22:27 | 3280352 Pinworm
Pinworm's picture

WTF is the pop up advertise shit..

Tue, 02/26/2013 - 23:01 | 3280490 Atomizer
Atomizer's picture

Let me Google that for you – Video ad Blocker

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