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Guest Post: The Human Cost Of Fiscal Mismanagement of Government
Originally posted at Armstrong Economics blog,
During the Great Depression, there were countless suicides. People jumping out of buildings because they lost everything and could not face a future that was destitute. The photographs of such scenes will live forever.
The same is taking place throughout Southern Europe today and it is a cry for fiscal responsibility upon government. In Italy, just since the start of the year, 23 entrepreneurs have committed suicide. Politicians are responsible for these economic declines. It was their corruption allowing NY bankers to do whatever they feel like as long as they fund their elections. These are people you would not give a $20 bill to and send to the store for an errand to by $5 of something because they sure as hell would not return with any change. Yet we elect these people who have NO experience whatsoever, make promises they have no intention to keep, and then they always blame us for their mess.
They will say anything to get bills passed, pretend they would never do anything unconstitutional, and then when asked does the President have the authority to just kill Americans on the street, he and his staff refuse to respond. This is all about fiscal mismanagement. We are always attacked so they retain the power over us. It matters not what form of government – it is always the same ending. As Adam Smith wrote:
“It is the highest impertinence of kings and ministers to pretend to watch over the economy of private people and to restrain their expense, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without exception, the greatest spend thrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will.”
Adam Smith Wealth of Nations 1776, Book II, Chapter III,
Of the Accumulation of Capital, or of Productive and Unproductive Labour
They are NEVER held responsible for the own mismanagement. Somehow, we always have to pay for their frauds. The price is often way too high.
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ZH's sophomoric sermonette of the day! Right on schedule.
Vote early, and often!
Just curious...
How many feet above ground level is the highest window at the Eccles building?
Bernanke does reside in an ivory tower, but it is more of a figure of speech than an architectural construct.
HH -- Wow, that's some deep thinking :-)
Sounds kinda like something from the "Matrix." Or maybe you've been reading "Fountainhead."
Actually, it is a cliché that originates from the Old Testament.
just like your other fantasies and sexual delusions, this one will not come true
Jump!
Might as well...
http://www.youtube.com/watch?v=wlq0lYB3iSM
Set yourself on fire, then jump!
I'm pretty sure you're welcome to counter ZH/guest post data and conclusions with your own.
Well, davidsmith, this article stated: "In Italy, just since the start of the year, 23 entrepreneurs have committed suicide." (I felt like I could see that number clicking over from 22 to 23, as I looked at the old photograph of the man flattened on the pavement.) Any regular reader of Zero Hedge for the last couple of months would have enough background to understand WHY such a statistic exists.
I do not regard mentioning such facts, in context, as being a sophomoric sermonette. Without Web sites like Zero Hedge to help one wade through the news, it is hard to imagine even knowing about such facts, much less perhaps understanding them.
... Just because the REAL problems are astronomically worse than any possible practical solutions is not the fault of Zero Hedge, nor some of those who lament those runaway social insanity situations. Perhaps the exhortations in this article above are too superficial, compared to the REAL magnitude of the problems, however, noboby else that I am aware of can do any better.
Italy looks to be slightly ahead of us on the curve:
http://www.youtube.com/watch?v=0dEemZ2pVyo
Our Money Is A Joke
That video shows the Italian comedian, whose party won recently won 25% of the votes, speaking back in 1998 ... Our 'money' system is so absurd, that only a good comedian can explain how absurd it is!
The established runaway triumph of legalized lies, backed by legalized violence, is way too advanced and out of control for anyone to actually provide coherent solutions. However, I do not regard someone who tries to urge resistance as offering only a sophomoric sermonette. All resistance is assistance. That the whole world is being controlled by huge lies, backed by lots of violence, and the biggest gangsters, the banksters, HAVE been able to almost totally take control over the world's governments, appears to me to be something that a few protestors preach about, in a sophomoric sermonettes. However, given that the REAL world is already almost totally dominated by a gang of trillionaire mass murderers, I can not imagine anyone else effectively doing anything more than offering another sophomoric sermonette.
Remember that, these days, Operation Gladio is mostly considered to be proven historical facts.
http://en.wikipedia.org/wiki/Operation_Gladio
Operation Gladio was an early version, just after World War II, similar to the many other inside job, false flag attacks, since then, like the events on 9/11/2001. Things like Operation Gladio never stopped, instead, there were simply more and more of them, displaced all over the world. The REALITY is that the global economic system is operated through the application of the methods of organized crime, on the highest levels. Unfortunately, other than delivering a sophomoric sermonette against the effects of that runaway system, there appears nothing else that anyone can actually do!
davidsmith
you fuckin rock man, that was like trying to sell a canister of zyklon B on shalom bay
heavy are the balls of a man who carries them over his shoulder _ prains 2013
Depopulation is part of The Plan.
Americans commit suicide in a slower way. They do it with prescription drugs.
The whole Banker's Jumping from windows during the Great Depression was a complete myth... probably created by bankers themselves eager to prove to the public that they had a conscience.
Today they would just as likely wrestle a complaining and defrauded (MF Global?) client up in a suit and throw him/her out the wiindow themselves. The MSM nightly news would dutifully report the 'banker' jumping...
http://www.npr.org/templates/story/story.php?storyId=99090769
They also kill themselves with "yummy," manufactured food.
Ikaka pudding's so "Yummy"!
Brought to you by Carl's jr.
Extra big ass fries.
F*** you, I'm EATING!
They commit suicide even slower by, watch the voice, dancing with the stars, the kardashions, the bachelor, America idle, ect
Pretty much no one gets out of here alive.
I give it 5-1 odds.
Or is it 1 in 5?
Or they kill themselved in Normandy, Bataan, etc.
Why can't they be more like those in Eurabia?
I'd like to see the incidence of suicides within the population of owners of physical gold.
We'll live forever waiting for it to be fairly priced!
Pm owners usually have boating accidents. But they survive most of the time, because they're great swimmers.
...as long as their pockets are empty.
"PM owners usually have boating accidents."
rotfl.
"Gee, poor guy shot himself in the head, right after pulling out his fingernails. That must have happened right around the time his safe got cleaned out. Suicide; right, mayor?"
Probably more along the lines of this guy:
"Auction of Nevada recluse's gold coins nets $3.5 MILLION with second auction likely"
http://www.dailymail.co.uk/news/article-2285356/Walter-Samaszoko-Auction...
The guillotines are on order. hujel
Interesting choice of words!
Who will play the role of Robespierre?
Angry, ugly, lesbian-hag Napalitano comes first to mind, but whom else?
Mary Jo White.
She is even uglier, but apparently not a lez - married to another lawyer.
Entrepreneurs aren't comitting suicide, they're beeing indirectly killed by the state.
Or they're Atlas Shrugged, who knows?
Politics can certainly make matters worse but this sorry state of affairs was written the debt equals money stars long ago. The system is faulty and flawed and we'd be here where we are no matter what any politician did or didn't do....it's really a function of math. Debt as money is ruled by exponents not policy.
Its a sweet gig to be a banker. Roll the dice in the stock market and score big, roll snake eyes and foot the bill on to the people. Its a win win for a banker, a lose lose for the people, yet the people, let the raping continue. to busy watching dancing with the stars, or how big the kardashians ass is.
Joe Pesce as Joey to his brother Jake LaMotta in Raging Bull:
If you win, you win. If you lose, you still win. You can't lose!
You fuck my wife?!
Louis XVI is missing his 21st century friends.
Have you read the post by CPL on how creative Joseph Guillotin was ... better read it.
I am thinking the world would be better with fewer people (and I use the term loosely) who feel entitled to be parasites on society. So where is the head US parasite this week?
"The same is taking place throughout Southern Europe today and it is a cry for fiscal responsibility upon government."
How in the f*ck does one provide FISCAL RESPONSIBILITY to a GLOBAL PONZI SCHEME?
Suicide is just one symptom of the inability and IMPOSSIBILITY to fix a broken economic model.
Suicide actually HELPS growth in the Ponzi's ever shrinking space. It creates room. It creates an extra JOB. Multiple JOBS when you apply a broken window fallacy to a dead body.
We are always attacked so they retain the power over us. It matters not what form of government – it is always the same ending.
Maybe, but it does matter what size the government...
I like the ratio of one person to one government. Otherwise, it can only become incoherent over time.
UUghhh?
The pre-meditated Greatest Heist In History was just "Fiscal Mismanagement"???
There would be no loss of sleep if some of our banking elite were to take this leap. At least they would end courageously by "taking one for the team", but the fact is that these most vile of financial terrorists would be insulated and protected while taking in huge profits and receiving a huge bonus for the plunder of our nation's people. They would be celebrated while those plundered would end on the windshield of a toyota....
They would more likely buy an insurance policy on you and push you out the window...
I look forward to becoming a dead peasant.....
The public sector is just the economic exploitation of one class by another,it's a wasteful bureaucracy that does nothing but 'burden' the private/productive sector. Europe children will have to pay for decades of debt and debaucherous deficits created by their parents.... and stop scapegoating bankers, Take your responsibility for once.
Floodmaster, you are looking at the deluge of debt BACKWARDS. The international banksters were responsible for originally corrupting governments in order to legalized the current systems. You are blaming the debt slaves for not being the masters! You are blaming people who have been victims for many generations of what a small minority were responsible for making happen, through their deliberately and relentless application of the methods of organized crime, which took control of the government. The people's best champions tended to be assassinated.
I do not like the masses of Zombie Sheeple. However, they did not get that way through their own free choices. They got to be that way through a long history of deceits, backed by destruction, against them. The survivors are debt slaves, because those who attempted to resist were discredited and destroyed.
It is totally ridiculous to use the word "scapegoating" with reference to the banksters! THEY WERE RESPONSIBLE!
Any metalurgists in the crowd. I know gold is heavy like lead but would a 24k bullet hold up in a cast as a lead bullet does? And if so would said Au bullet pop the equity bubble? Just grasping at straws here.
Any metalurgists in the crowd. I know gold is heavy like lead but would a 24k bullet hold up in a cast as a lead bullet does? And if so would said Au bullet pop the equity bubble? Just grasping at straws here.
Any metalurgists in the crowd. I know gold is heavy like lead but would a 24k bullet hold up in a cast as a lead bullet does? And if so would said Au bullet pop the equity bubble? Just grasping at straws here.
2 L's maybe in metallurgist before I get junked for spelling.
wow, apologies,,,, i did not triple post ,,,, keystroke malfunction, i guess i have to man up and accept the blame though,,,, LOL
Alvin Lee died today too...a coincidence maybe.....
http://www.youtube.com/watch?v=-g0qk_fV6pM&list=AL94UKMTqg-9Cpsp5hpUKHJ6FQ6nWCCd8K
Everywhere is freaks and hairies
Dykes and fairies, tell me where is sanity
Tax the rich, feed the poor
Till there are no rich no more
Id love to change the world
But I dont know what to do
So Ill leave it up to you
Population keeps on breeding
Nation bleeding, still more feeding economy
Life is funny, skies are sunny
Bees make honey, who needs money, monopoly
Id love to change the world
But I dont know what to do
So Ill leave it up to you
World pollution, theres no solution
Institution, electrocution
Just black and white, rich or poor
Them and us, stop the war
Id love to change the world
But I dont know what to do
So Ill leave it up to you (more)
http://www.youtube.com/watch?v=jzrUqAtUcpU&list=AL94UKMTqg-9Cpsp5hpUKHJ6FQ6nWCCd8K
.
He went home.
How come no politicians or FED bankers are killing themselves?
It really is different this time.
Ghordius: PLEASE NOTE this article :-)
(we debated this issue only yesterday)
Welcome to the European Union, a socialist construct run by "not elected by anybody" Sr Manuel Barroso.
Does he, his corrupt, crony-crats in Brussels, Merkel and all the other political slimeballs show one scintilla of shame?
Not on your life.
Tyler;
Finially something by Martin. Thank you, Hope you carry more of his posts.
http://www.youtube.com/watch?v=myTf3vF9pGY
Obamaconomics
The only way to change the course of an economy is to have children when others are not and train them accordingly, which places a premium on parenting, identifying future values and making current decisions accordingly. An economy depends upon trust, and children learn by example, which enables community.
The less weak take advantage of the weak, arguing equal rights to the resulting aggregate deficit financing, to form a passive aggressive majority, making increasingly arbitrary, capricious and malicious decisions on a path that can only lead to tyranny, to preserve the increasingly manufactured majority in a positive feedback loop. Cultivate your own accordingly.
A very limited amount of homosexuality may be beneficial to an economy, but it is only the talk of the nation when the nation is collapsing. There are over 3 billion men out there; choose one that works for you and submit, or find yourself sucked in by majority peer pressure, which conditions itself right out of nature and into the DNA churn pool.
As you have seen, the Fed simply manipulates the credit delays among peer pressure groups to print whatever it wants, report inflation/deflation as it wants, and blow real estate bubbles to suit its own. You are paying government/corporate workers twice your salary and selling them your property at 20 cents on the dollar, which the Fed conveniently ignores, and they outnumber you four to one. Whatever you do, don’t let your men go to work or have children yourself. How’s that working for you?
So, a C in Mercedes tells you to move along or she will call the sheriff (firefighter, dogcatcher, whatever). What do you do? Why would you want to win such a game? If you can place your economy anywhere, why would you place it in a closed real estate ponzi designed to ensure you lose?
Yes, the government workers are buying up everything, at what they consider to be bargain prices, but it’s all a sunk cost, because only you can generate real income and you can recognize it at the place of your choosing, if you act in the best interests of your children. Of course the little socialists/communists want universal head start, just like they wanted universal health care. Have you ever been to Italy? They must steal yours to feed themselves. Give up smoking so your fascist motherland can fuel its tanks.
Sequester? What will the trolls try next? Where do you suppose the US Navy got its power, which is now obsolete? Humans are going to be removed from the surface, one way or the other. If you don’t like this speed…
At least take a few of the bastards with you before you jump!
Wow, the poor soul in that picture is quite....flat. 0_o
Please - China has to put up nets to stop everyday employees from committing suicide:
http://online.wsj.com/article/SB1000142405274870346040457524399252078072...
Europe seems to be going through it first because the banksters are retaining their stronghold in the states. Need another ice9 that'll get em jumping like popcorn falling from the NY skyline.
Personally I know to well the inquisitiveness while staring from above the still warm body. Maybe doctors will find a cure for banksteritous before it comes to that.
"Did you hear about the banker who was found with his arms tied behind his back, and three bullet holes to the head?".....
..."No...what about it?"....
..."Worst case of a suicide the police have ever seen."
I tried to kill myself in the garage....the car broke and it cost me 2g's to fix the piece of shit.
ot but the Senate is staying up late.
Don't care much for the Senator from KY but I love seeing a wrench tossed into Obama's machine