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Guest Post: Debt-Slavery For Dummies

Tyler Durden's picture




 

Submitted by G at Knowmadiclife blog,

Everything the Fed does ultimately leads to less economic activity, less savings and more debt resulting in poverty for Americans, not prosperity.  Debt is not prosperity. Debt is poverty and economic slavery.

Why are you working harder but getting poorer?

Let us analyze the effectiveness of the Fed’s only policy tool of printing money since the onset of the great financial crisis in 2008 by looking at:

  • Economic activity as measured by human action - the real source of all wealth
  • Earnings
  • Savings
  • Debt
  • Poverty
  • Government dependency

 

How can Americans ever be expected to reverse the slide into debt-slavery if real wages are stagnating? Even when using the official government inflation numbers which understate the real level of price inflation (CPI-W until 2009 and CPI-U from 2010) real wages in America have been flat at best since 2008.

Did you notice the mysterious vertical jump in the data series between December 2009 and January 2010? It was here when the government changed the inflation index it uses to calculate real wages from the CPI-W to the CPI-U. This change from one bogus number to a different bogus number resulted in an instant jump in real wages - further distancing the illusion from reality. Why are no mainstream economists telling us about this?

This arbitrary change in the inflation formula used to compute real wages is a great example of how government numbers do not reflect real economic activity. In reality, these numbers are completely meaningless in the real world. These numbers only have value in the illusionary matrix created by the Intellectual Idiots and the central planners for us to live in. It is smoke and mirrors to hide the ongoing failures of the central planners and the Intellectual Idiots advising them.

 

Artificially low interest rates discourages savings and increases spending by causing the cost of daily living to increase. We end up spending more than before for the same goods. Combine this with the government purposely understating the real level of price inflation and voila! - we magically have economic growth - at least the illusion of economic growth. In reality, we are getting poorer just to maintain the same standard of living. Consumption leads to poverty. Poverty leads to dependency on the state - economic slavery - debt slavery.

 

Stagnant wages combined with rising price inflation has forced many Americans to rely on debt just to make ends meet. This is not a sign of economic growth as the MSM and statist economists would have you believe. Most of the time reality is the opposite of what they are telling you. You have to think for yourself to know the truth. When you think for yourself the truth becomes apparent - Americans are going deeper into debt because they are broke not because they are prospering.

 

 

Is this what an economic recovery looks like? Of course not. Do not let the teleprompter reading propagandists on TV fool you. They are simply highly educated in that which is false. You know better than them.

The Fed’s policy of money printing has resulted in less economic activity, no wage growth, less savings, more debt, increased poverty and increased dependency on the government for Americans than when the GFC started! Americans are now economically worse off than they were in 2008.

The recession never ended. The central planners have simply hidden the deteriorating economic reality from us by money printing resulting in nominal price increases - in combination with misleading official unemployment and inflation figures. As long as the money printing continues things will continue to get worse, not better.  This leads us to one curious question: if the Fed knows reality is deteriorating and it’s monetary policies are causing this deterioration to accelerate, what is the endgame the government and the Fed have in store for Americans?

What is the road back to prosperity?

There is an easy solution that takes us away from this road to debt-slavery and puts us back on the road to prosperity. That road to prosperity for Americans is ending the Fed’s interest rate manipulation and letting the free market determine interest rates, or the “price” of money (Dr. Robert Murphy does an excellent explanation of this in this video). In a free market the interest rate is the price of money - it reflects the point where the supply of savings and the demand for debt in the economy balance. As interest rates rise Americans will be incentivized to spend less and to save more. Saving leads to prosperity. Prosperity leads to independence from the state - economic freedom.

The debt will liquidate and the money supply will contract, or deflate. This money supply deflation will allow the value of money to increase rather than decrease. Prices of things we buy will begin to fall rather than increase - making us wealthier. Real wages for Americans will begin to rise again. The American middle class will begin to grow again as it’s earnings is worth more, saves more and earns more on that savings.

As prices fall capital investment that previously was not seen as profitable will become profitable. Capital investment based on real consumer demand will pick up. Because this will be real economic activity based on the real market price of money (interest rate) and real consumer demand the destructive extremes of the Fed created boom-bust business cycle will ease considerably.

To find that road to prosperity we must first begin with reforming the Fed's toxic policies designed SOLEY to profit the banks, it's owners and shareholders (here and here and here)

That reformation starts with ending the Fed's monopoly on the US money industry. Free up the money industry to competing currencies with legislation such as the Free Competition in Currency Act (explained by Professor of Economics at George Mason University Dr. George White here and by Congressman Dr. Ron Paul in this video). Give Americans freedom of choice in currency - examples would be gold and silver back currencies. If the Fed’s debt, our US dollar, is so great for Americans it should have nothing to worry about regarding competition from barbaric relics such as gold and silver, right?

Why are all the Fed's policies leading towards economic slavery of the American people? Ignoring these policies will not change the inevitable economic outcome resulting from these policies. You can ignore reality but you cannot ignore the consequences of ignoring reality.

Why are YOU allowing this to be done to you?

Do you want to learn more about the Fed and sound money? More resources than you can shake a stick at are available at this Federal Reserve Knowledge Bomb or the Knowmadic Life website - check out the Recommended Reading, Documentaries and Site Links sections. Or you can go for the mother load of information at The Mises Institute at www.mises.org.

From knowledge comes awareness. From awareness comes freedom.

 

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Sun, 03/31/2013 - 15:55 | 3393978 DoChenRollingBearing
DoChenRollingBearing's picture

Be your own central bank!

Stay out of debt and buy gold.

Sun, 03/31/2013 - 16:02 | 3393996 Intoxicologist
Intoxicologist's picture

and a not-very-seaworthy boat!

Sun, 03/31/2013 - 17:42 | 3394179 fnord88
fnord88's picture

"

“Go back to bed, America. Your government has figured out how it all transpired. Go back to bed, America. Your government is in control again. Here. Here's American Gladiators. Watch this, shut up. Go back to bed, America. Here is American Gladiators. Here is 56 channels of it! Watch these pituitary retards bang their fucking skulls together and congratulate you on living in the land of freedom. Here you go, America! You are free to do what we tell you! You are free to do what we tell you!” Bill Hicks

 

Go back to bed america....the recession is over.

Sun, 03/31/2013 - 18:10 | 3394221 DoChenRollingBearing
DoChenRollingBearing's picture

Intoxicologist

Then buy bearings instead, made of precious 52100 steel.  And do not take them out onto the boat with you.  And of course, lead and lead delivery systems can be considered precious too...

Sun, 03/31/2013 - 18:55 | 3394351 Intoxicologist
Intoxicologist's picture

Oh, I getcha DoChen.  I'm just in a silly mood today.  Most of my comments today are brought to you by Guinness Generous Ales-ez. That and the comedy outside when I went out to my chicken coop this morning to collect eggs. There, nestled on the floor atop the pine shavings were an array of brightly colored, plastic, candy-filled (or so I thought) eggs.  Turns out they were loaded with mini-steak treats for the dogs.  Prankster neighbors.  Gotta love 'em.

Sun, 03/31/2013 - 22:25 | 3394827 respect the cock
respect the cock's picture

@ DoChen...yes.

Paid off the last bit of $55,000 in debt (student loans, car, CC) this past January.  Took me 20 months to do it.  

Once I hit $12 cash (liquidity...emergency fund, etc...I don't see a major dollar selloff soon, IMHO) in savings by end of June, next step is metals.  $12k in physical gold/silver by EOY.  

Already have food, water, defense, physically fit/strong, have a durable career with useful skills, etc...

I'm better off than most, I suppose.

 

Being debt-free sure is like having a yoke lifted off your shoulders, that's for sure!!!

 

 

 

Sun, 03/31/2013 - 23:11 | 3394957 Muddy1
Muddy1's picture

@respect,

Congratulations, and kudos.  You have learned a great lesson, that the borrower is the slave of the lender

Mon, 04/01/2013 - 11:28 | 3395964 Svendblaaskaeg
Svendblaaskaeg's picture

"Be your own central bank"

Something funny happened on the way to the bank: stagger stagger crawl

Sun, 03/31/2013 - 15:57 | 3393980 Silver Bug
Silver Bug's picture

People need to learn how to get OUT of the system. Use gold, silver, bitcoin. Whatever you have to.

 

http://sprottmoneyblog.com/cyprus-the-cat-is-out-of-the-bag/

Sun, 03/31/2013 - 16:50 | 3394092 CH1
CH1's picture

Well said, SB. Whoever singed you was an idiot.

Sun, 03/31/2013 - 17:15 | 3394132 TraderTimm
TraderTimm's picture

The unfortunate part of human psychology is clinging to what is known, and fearing new things. Those people will learn the hard way. Bank "garnishings" are coming, and there's not going to be anyone in the little guy's corner. The rich and powerful will have already made their arrangements when the taxes/levies start flying.

Sun, 03/31/2013 - 17:06 | 3394117 RafterManFMJ
RafterManFMJ's picture

The down arrow was likely for bitcoin.

Sun, 03/31/2013 - 15:56 | 3393982 TeamDepends
TeamDepends's picture

Is there a Cliffs-Notes version?

Sun, 03/31/2013 - 17:10 | 3394126 RafterManFMJ
RafterManFMJ's picture

How about a Haiku version?

 

Can you feel the FED

Tricksy thieves and slavery

Free us, o Market

Sun, 03/31/2013 - 17:18 | 3394138 TeamDepends
TeamDepends's picture

Grabbing a shank they

thought was a shiv

Shanghai price of tea

Sun, 03/31/2013 - 16:00 | 3393987 Oquities
Oquities's picture

we are not going to end the Fed peacably.  it will take a revolution or a collapse.  the money mongers are too powerful, wealthy, and connected to go gently.  we are too docile to revolt.  only collapse is the solution.

Sun, 03/31/2013 - 16:17 | 3394030 kurt
kurt's picture

It's even worse. The super rich feed our brains every night with disinformation via tv. The defenders of the retired AARP has taken the stance that Social Security will need to be cut. The NRA is an advertising and political conduit. The very, designated, defenders of WHICHEVER group in infiltrated, manipulated. The main problem is our manipulators are flailing and bored. They have a vague idea that we need to be depopulated, relying on a couple old movies and Twilight Zones, and bad information. The basic sicknes is this: rich people think another person's gain is their own personal loss. We can't even have a singing show without winners and losers. The empowered are dredfully sick, as are the disempowered.

Sun, 03/31/2013 - 23:32 | 3395011 pelerine
pelerine's picture

"The basic sicknes is this: rich people think another person's gain is their own personal loss."

 

YES.  In a time of such abundance, everyone should be better-off. 

 

The very rich and powerful are trying as hard as they can to break what should be a pretty resilient economy, because they can't stand the idea of ordinary people having a rising standard of living.

Mon, 04/01/2013 - 08:36 | 3395446 Disenchanted
Disenchanted's picture

re:

 

because they can't stand the idea of ordinary people having a rising standard of living.

 

...or any sense of self determination, aka Liberty.

Sun, 03/31/2013 - 16:04 | 3394000 Sudden Debt
Sudden Debt's picture

it's communist they say to let wages increase with inflation...

It's normal to increase consumption prices with inflation...

It's capitalisme to increase CEO'S paychecks 10 times faster than inflation...

it's capitalisme to lower wages when there's inflation...

THAT'S EXACTLY WHAT THE MSN IS SPEWING OUT!!! AND THAT'S LIGHTYEARS FROM THE TRUTH!!!

SOCIALISME, CAPITALISME, COMMUNISME, IDIOTISME!!! THOSE ARE ALL JUST WORDS TO FORCE A WILL UPON PEOPLE WITH HATE AGAINST THE WORDS YOUR MSN MEDIA TOLD YOU FOR DECADES ARE EVIL!!!

THE TRUTH IS THAT WE NEED ALL OF THEM TO HAVE A THRIVING SOCIETY!!!

BESIDES THE IDIOTISME MEANING USELESS GOVERNMENT PARASITES!!!

Sun, 03/31/2013 - 16:07 | 3394011 Sudden Debt
Sudden Debt's picture

just waiting for the tipping point where suddenly the system implodes overnight so we can all say WE DIDN'T SEE THAT ONE COMMING!!!

GOD!!! WHY DID YOU ONLY SEND US A MILLION WARNING SIGNS!!!

Sun, 03/31/2013 - 16:18 | 3394032 debtor of last ...
debtor of last resort's picture

Well, your comments are like small pieces of semtex going off in my backyard when i'm reading zh.

Sun, 03/31/2013 - 16:20 | 3394040 kaiserhoff
kaiserhoff's picture

SD, You said you were getting good deals on silver in France.

Wouldn't want you to give away any favorite fishing hole information, but is there something for the rest of us to learn there?

Sun, 03/31/2013 - 16:10 | 3394013 Reptil
Reptil's picture

where is this all leading to?
that's an easy question!

it's leading here: http://philosophers-stone.co.uk/wordpress/wp-content/uploads/2011/12/128...

and that's where it stops (the road).

Sun, 03/31/2013 - 16:13 | 3394018 Winston Churchill
Winston Churchill's picture

That intake shower is a bitch.

Sun, 03/31/2013 - 16:24 | 3394048 kaiserhoff
kaiserhoff's picture

@ Winston

Since you know the place and most of us have never been there, give us a heads up.

Is Cyprus going down enough of a factor on Greece to create a whole new series of disasters?

 

Sun, 03/31/2013 - 18:17 | 3394208 Winston Churchill
Winston Churchill's picture

The comparison with KreditAnsalt is very apt.A relatively minor bank failure

with unintended consequence of a global scale.Its not the locale that matters in

this case,though I feel for my relatives there.I warned them as did others.

I tried in vain to get them out of the Cypriot banks, and into PM's a  year ago,

and I cannot say  I told you so,even if I might  want to.

The tide has gone way out,the euro is exposed as naked,and  the tsunami is  coming,

caused by a shock in the tiny island of Cyprus.

Sun, 03/31/2013 - 18:26 | 3394261 kaiserhoff
kaiserhoff's picture

Thanks.  I thought your post on the subsequent thread was right on target.  Six months.  Why take the risk?

When you said business is heading east, where?  Former Soviet Block?

Sun, 03/31/2013 - 19:26 | 3394421 Winston Churchill
Winston Churchill's picture

The money is going east first.I think thats whats causing a delay in capital

flight from the euro zone.I'm thinking Hong Kong, and Singapore to start.Sure they are having

to set up accounts there first.Takes time,even for corporations to open bank accounts there.

Don't forget that offshored money from US companys,cannot come back to the US without taxation.

They sure as hell aren't going to leave $2.7 tn in europe, the euro mulitnationals have

just as much cash if not more.

There is a whole lot of overtime being worked by CFO teams this holiday weekend divying

up the risks.

This week could be interesting.If we ever hear the truth about is another matter.

Sun, 03/31/2013 - 20:02 | 3394492 kaiserhoff
kaiserhoff's picture

What a sucking sound that will make.  We are living in interesting times.

Best wishes for your family.  They are wiser now.  That should help.

Sun, 03/31/2013 - 16:16 | 3394023 JustPrintMoreDuh
JustPrintMoreDuh's picture

So there IS a reason for all the hp-ammo, ar-15's, armored vehicles, drones, draconian laws afterall?  

Sun, 03/31/2013 - 17:22 | 3394149 NoTTD
NoTTD's picture

Looks like South Dakota is the place ya oughta be.

Sun, 03/31/2013 - 16:16 | 3394027 IridiumRebel
IridiumRebel's picture

We got our tax refund back last week. It was pretty nice. Wife immediately started pontificating about shit to buy. I said we are going to pay off our outstanding medical bils, oil bill and a few other things. Reluctantly she does so. I get a call a little while later stating, "What a relief to have those paid! I feel so much better." See? Debt is slavery. Paying off or down is a step to freedom. It will suck tho when the world defaults and our prudence is for not as all the other POS' get free repudiation. Ahhh.....such is slavery.

Sun, 03/31/2013 - 16:19 | 3394037 DoChenRollingBearing
DoChenRollingBearing's picture

I wished I could have given you two greens...

Sun, 03/31/2013 - 16:23 | 3394049 IridiumRebel
IridiumRebel's picture

I gave you one for your Personal CB post. Backatcha!

Sun, 03/31/2013 - 17:21 | 3394143 BidnessMan
BidnessMan's picture

Too bad your employer overwithheld your taxes. You could have paid off your debt months earlier and avoided hefty interest cost. Instead of making an interest free loan to the Feds.

Sun, 03/31/2013 - 17:24 | 3394151 NoTTD
NoTTD's picture

Want a revolution?  Suspend withholding for one year.

Sun, 03/31/2013 - 16:23 | 3394047 StarTedStackin'
StarTedStackin''s picture

Don't worry, as soon as the O'Bowel Movement gets back from their third vacation this year, they will fix the problem

Sun, 03/31/2013 - 16:30 | 3394061 The Invisible Foot
The Invisible Foot's picture

Consumption, is by itself backwards and irrational as an economic model.

Sun, 03/31/2013 - 16:39 | 3394072 ziggy59
ziggy59's picture

This book must have several authors and coauthors...

BIS
FED
GS
JPM
CITI

Foreword by Corzine, Madoff, Greenspan, Krugman

Sun, 03/31/2013 - 17:10 | 3394125 Oldwood
Oldwood's picture

So are you saying that who ever dies owing the most money DOESN'T win?!

Sun, 03/31/2013 - 17:15 | 3394134 gould's fisker
gould's fisker's picture

After reviewing those charts i don't need a manual, even if I am a dummy, just give me the manacles and let's get this over with--instead of the drip, drip, drip of zombie banks and the zombies who run them and the zombies who "regulate" them.

Sun, 03/31/2013 - 17:38 | 3394174 Tombstone
Tombstone's picture

Nothing wrong with collecting disability, food stamps and free health care.  Add up the freebies and you'll be as rich as half the country.  Throw in a Caddy and flat screen TV and you got it made.  So why work when you can be rich using the socialist central planning plan for wealth and prosperity?  It got The Dictator re-elected didn't it?

Sun, 03/31/2013 - 21:50 | 3394747 r3phl0x
r3phl0x's picture

Too young, too healthy, too male.

Sun, 03/31/2013 - 17:44 | 3394186 Oldwood
Oldwood's picture

Does anyone here think this is not deliberate? In our all powerfully government controlled world where Obama created 3 million jobs, these numbers are an accident? Really?  It looks to me that they are doing everything they have been saying the wanted to do for thirty years.

Sun, 03/31/2013 - 17:55 | 3394196 Radical Marijuana
Radical Marijuana's picture

"Americans are going deeper into debt because they are broke not because they are prospering."

When one lives inside a government mandated money as debt system, it is NOT possible to get out. It is cosmetic bandages on the symptoms of fatal social sicknesses to think that buying gold or silver, or otherwise being "prepared" could be sufficient. Instead, those who took the most advantage of the money as debt system prospered the most. Those who do not got screwed the most. The established financial systems are a parasite that is totally intertwined through and through everything else: if there was no more debt, there would be no more money.

Sorry, but the Mises Institute, etc., deliberately misses the central point that money is backed by murder, and it is impossible for money to exist any other way. This article is just another of the many which do good analysis, up to a point, and then follow that with bullshit "solutions," which are non-starters, because either their analysis did not go deep enough, or they ignored the results of their analysis when they turned towards idealized "solutions" to the problems their analysis had correctly identified.

The Federal Reserve Board exists due to the runaway triumph of organized crime being able to take control of the government, which enables legalized lies to be backed up with legalized violence. The Fed’s debt, our US dollar, IS fraud backed by force. Anyone who proposes "solutions" which are not different systems of fraud, backed by different systems of force, are promoting impossible things, which could never exist!

A companion volume for "Debt Slavery for Dummies" should be "Death Control for Dummies."

All kinds of silly notions about "free markets" deliberately ignore the paradoxes with respect to enforcing the "rule of law." Since most of the "free market" bullshit presumes some miraculous "rule of law" would exist, and continue to function, without the paradoxical problems regarding the enforcement of that "rule of law," that kind of "free market" bullshit gets to deliberately ignore the real problems. Instead, it suggests some impossible series of political miracles, which will pull ourselves up by our own boot straps.

All of the notions of "sound money" and "honest money" that I have ever encountered are unsound and dishonest, because they deliberately ignore the central fact that money is backed by murder, and must be. Therefore, they never bother to explain how they will provide different systems of death controls to back up their different systems of debt controls. Of course, that makes it infinitely easier for them to promote their kind of bullshit "solutions."

Sun, 03/31/2013 - 18:30 | 3394277 fijisailor
fijisailor's picture

So what you're saying is that there is no hope for change since no entity could possibly challenge the murderous capabilities of the state.

Mon, 04/01/2013 - 02:58 | 3395222 Radical Marijuana
Radical Marijuana's picture

My view is that power is always distributed, since everyone has some potential power to rob and to kill. History has assembled and channelled that power through War Kings, into sovereign states, which were covertly taken over by the Fraud Kings (the central banks.)

After that runaway triumph of financial frauds have already happened to the extreme degree that that has already happened, the murderous capabilities of the state will automatically become mad, due to too much success at legalizing lies, and backing those up with violence, which never works in the longer term, since no amount of violence can ever make the lies become true. Therefore, I have no doubt that there MUST BE CHANGE, since change is the only constant.

My deeper theories are so totally backwards to what the mainstream philosophy of science and politics presumes that it is very difficult for me to state them in any brief way. (It usually takes months for people to understand what I am talking about, but after a few years, they have heard it all, and then it gets boring.)

Anyway, my basic ideas are based on applying the concepts of energy systems to human civilization. However, my views of energy laws are profoundly different than the mainstream view, since the mainstream concept of entropy accepts the arbitrary minus sign that was inserted into the entropy equations, in order that power and information would have positive values, instead of negative values.

To put it metaphorically, I believe that the better solutions to these problems are for everyone to become better wolves, rather than better sheep. I basically agree with the idea that a democratic republic should be something that assembles and channels the power of We the People to rob and to kill. Since I believe that sovereignty is based on the power to rob, and that money is backed by murder, what I always propose is that we need to make a greater use of information, enabling a higher consciousness regarding the death controls.

Of course, there again, my meaning with respect to what "death controls" mean is mostly backwards to what most other people tend to presume, since they presume that their perceptions based on fundamental dichotomies are valid. I do not approach any of the impossible ideals that most other people believe in, because I regard them as having their mechanisms backwards.

Anyway, I have no doubt that the murderous capabilities of the state exist and must exist, and that those should evolve to become manifested in better ways. There is no hope for genuine change that requires that no death controls exist, or that there be no murder systems at all. There is lots of hope for changes that establish better checks and balances over how the sovereign powers of the state are actually applied.

However, doing that has to go through the profound paradoxes regarding how and why the best organized gangsters, the banksters, have ACTUALLY been able to take over covert control of the government, which has resulted in a de facto 99% privatization of all the most important powers that should belong to We the People as a whole, and be used for the long term benefit of those People ... or, at least, we should try to approach that more ...

Mon, 04/01/2013 - 03:52 | 3395243 snblitz
snblitz's picture

Money is not backed by murder.  However, there are reasonably good arguments that most private land rights are based on theft.

To understand the current state of the US government as a tyranny please read John Locke's Two Treatises on Government.

Sun, 03/31/2013 - 17:56 | 3394198 q99x2
q99x2's picture

Who's got the acid? If you don't have to work its time to get experienced.

Sun, 03/31/2013 - 18:08 | 3394215 LongOfTooth
Sun, 03/31/2013 - 19:17 | 3394405 Manipuflation
Manipuflation's picture

It has been almost 20 years since I had any Jesus acid. 

Everyone should do acid once(the good shit) but probably just once because LSD is not a recreational drug.  It does open up your mind and it is spiritual in nature.  You need to be outside or else you will likely to go insane.  I can't prove this but I suspect that the more intelligent you are, the more LSD affects you.  The cool thing is that you don't forget and can still recall the experience decades later.

 I do not recommend acid for the mentally limited.  The weak minded are the ones that freak out.  Acid, if it's the good shit, forces you to come to terms with reality.  You can smoke a doob, snort a fat line of coke AND crystal meth and down a fifth of whiskey and it will not affect you at all because you are already 1000 miles from there.  It's a hard let down too at the end of the 24 hour adventure with Alice as you crawl back out of the rabbit hole.

Peace to any of my ZH'er brothers who have been there.

Sun, 03/31/2013 - 19:29 | 3394429 Winston of Oceania
Winston of Oceania's picture

The entire situation the world finds itself in now would be completely laughable, a matter of perspective I suppose. Good times, good times...

Sun, 03/31/2013 - 20:23 | 3394531 Xanadu_doo
Xanadu_doo's picture

An anthropology professor friend always said he tried to do some kind of psycotropic (lsd, shrooms, peyote, etc.) every few years as a way to help him reset his clock and gain a new (old) perspective on life/the world.

Made sense to me.

Sun, 03/31/2013 - 20:33 | 3394558 DanDaley
DanDaley's picture

I heard a talk by Hunter S. Thompson in which he said that it was probably a good thing to do acid about once a year just "to blow your tubes out". Interesting take on it.

Sun, 03/31/2013 - 22:52 | 3394905 Manipuflation
Manipuflation's picture

Good old Hunter.:-) 

Mon, 04/01/2013 - 00:29 | 3395102 PaJoad
PaJoad's picture

I think Ken Kesey said something about 'cleaning the points off' on an annual basis as well...

Sun, 03/31/2013 - 17:56 | 3394199 Manipuflation
Manipuflation's picture

I just went in with my brother on some MOAR silver dimes.  1955 P, D and S.  We are the assholes who went back and got a shitload of dimes but I think we will be keeping them for ourselves.  Is that Tyler at the end of this youtube clip?:-)

http://www.youtube.com/watch?v=b1zsXPc87e4

Purchased from this time:

https://www.lccoins.com/

Sun, 03/31/2013 - 18:14 | 3394232 Son of Loki
Son of Loki's picture

Tie a 30-year lead weight (mortgage) around your ankle. That's debt slavery. Or should I use the realtor euphemism, "lock in" the mortgage.

Mon, 04/01/2013 - 09:04 | 3395493 Shizzmoney
Shizzmoney's picture

This is why rents are so high (and alot of these houses/apartments are being bought up by banks and investment houses).

And new research from the Urban Institute augurs that this emerging income gap is compounding into a wealth gap. The institute’s research shows that even as the country has grown richer, Generations X and Y, meaning people up to about age 40, have amassed less wealth than their parents had when they were young. The average net worth of someone 29 to 37 has fallen 21 percent since 1983; the average net worth of someone 56 to 64 has more than doubled.

The millennials have developed a reputation for a certain materialism. In a Pew Research Center survey in which different generations were asked what made them unique, baby boomers responded with qualities like “work ethic”; millennials offered “clothes.” But, according to new data, even though the recession is over, this generation is not looking to gorge; instead, they are the kind of hungry that cannot stop thinking about food. “Call it materialism if you want,” said Neil Howe, an author of the 1991 book “Generations.” It seems more like financial melancholy. “They look at the house their parents live in and say, ‘I could work for 100 years and I couldn’t afford this place,’ ” Howe said. “If that doesn’t make you focus on money, what would? Millennials have a very conventional notion of the American dream — a spouse, a house, a kid — but it is not going to be easy for them to get those things.”

http://www.nytimes.com/2013/03/31/magazine/do-millennials-stand-a-chance...

TPTB don't need to abolish private property - just jack up the cost so high that it's unattainable.

Who needs laws when you have money to do your bidding for you?

 

Sun, 03/31/2013 - 18:21 | 3394254 TheObsoleteMan
TheObsoleteMan's picture

After the bust occurs that we all know will come, the people will survive, and be better for it {so long as we don't follow the road of post Wiemar Germany. It is the Fed and the Government that will not survive. No government ever survived such an event. This time will be no different. We have velvet chains on us now. Let us hope we don't exchange them for iron ones.

Sun, 03/31/2013 - 18:55 | 3394354 cooperbry
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Looks like the Obama economic plan is working just as he intended !

Sun, 03/31/2013 - 19:00 | 3394366 orangegeek
orangegeek's picture

But the S&P500 is in all time high territory.

http://bullandbearmash.com/chart/sp500-daily-time-high-today-48m-america...

And the MSM pumps this to the masses. When cycle wave c kicks in, it's going to get ugly.

Sun, 03/31/2013 - 19:23 | 3394387 Balvan
Balvan's picture

FED won't kill you. As a person who grew up during the 90s in the destruction of Yugoslavia and hyperinflation of Dinar I can tell that you Americans are overly pessimistic and imagining catastrophes. Even if the worst possible economic depression hits it won't be nearly as bad as some people from YT and ZH imagine.

Sun, 03/31/2013 - 19:26 | 3394422 Winston of Oceania
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Yes but you were heading in another direction, towards an open market. We are headed face first into a socialist nightmare at the hands of idealists, there is no worse place to be for the powerless as the weight of the brain trust is cast about.

Sun, 03/31/2013 - 21:07 | 3394574 essence
essence's picture

I didn't see anyone post an 'endgame'. Not even the articles author.
Here goes.

Fractional reserve banking along with compound interest isn't viable in a world of declining natural resources. Raw Physical growth isn't practical anymore as a means to pay off debt. No doubt the elite grasp this. Their dilemma is how to retain control of the masses (and continue to skim/harvest their labor) yet transition to a more sustainable model.

Debt based money will have to go (serfs can't pay the interest). Governments LOVE the concept of digital money with its attendant granular control and audit trail. And then there's the problem with the BRICs and their burgeoning preference for Gold based international trade.

How to amalgamate it all? (from the perspective of an elite controlled western government)

If the western anglo-america elite can't buy off the eastern block, can't conquer it militarily, then a gold based international settlements system might have to be 'tolerated'.
That doesn't mean the serfs get to participate though (at least in western countries).

Look for all digital, electronic 'money' in the U.S./UK. likely EU (if it survives). Disconnected from gold except for the fact that the internal digital monies value externally (i.e. with trade partners) depends on the respective flow of gold at a national level. Lack of gold at a central bank level means consumers pay more for external imports with their mandated,prescribed, ENFORCED internal digital money (each nations internal currency could still continue to exist, at least nominally ... it's just that dollars/pounds/euros/yen will be solely electronic. Like Bitcoin... and woe for Bitcoin. Governments don't like compedition at a currency level).

What happens internally in the BRICs  in so far as their local population is kinda a wildcard.
Will BRIC citizens get a 'golden windfall'. Odds seems higher for them than western serfs.

 

Say, whatever happened to the new,improved U.S. 100 dollar bills? Why haven't they been introduced? Exactly how many years does it take to iron out a creasing issue? And why has this issue totally dropped off the radar screen?

 

 

 

 

Mon, 04/01/2013 - 11:47 | 3396046 Svendblaaskaeg
Svendblaaskaeg's picture

"...Raw Physical growth isn't practical anymore as a means to pay off debt. No doubt the elite grasp this. Their dilemma is how to retain control of the masses (and continue to skim/harvest their labor) yet transition to a more sustainable model..."

..and that is IMHO what the CAGW scam was all about - fuck you Al Gore, you are but a stupid tool for TPTB

Mon, 04/01/2013 - 00:35 | 3395109 Manipuflation
Manipuflation's picture

What has been seen can not be unseen no matter how much it hurts.  I wish it were not so, but it IS so, and I can not change it and if I could fix it I would.  I can't fix this financial fiasco.  I gave it a go but I failed and I am sorry.(hangs head low)  All because we believed in liberty.  Was that so wrong?

Mon, 04/01/2013 - 03:38 | 3395240 snblitz
snblitz's picture

There is an easy solution that takes us away from this road to debt-slavery and puts us back on the road to prosperity ... "End the Fed"

I am sorry, but your friends on the Endor moon will not be able to help you.  Two legions of my storm troopers await them.  No, my friend, you are quite alone.

The only solution that will return to us our liberty is to drastically reduce the size and reach of the Federal Government.

End immediately all Fed ABC departments and return everything to the States except those powers enumerated in the Constitution.  The House could do this entirely on its own tomorrow and they do not need a signature from anyone.

 

Mon, 04/01/2013 - 08:19 | 3395424 shinobi-7
shinobi-7's picture

And there goes another great political discovery: Perception is more important than reality because reality is difficult to grasp and perception easy to build. So facinating and politically useful that eventually every government use and abuse the rule until finally the perpetrators believe their own lies and engineer a colapse in a world full of green shots, positive indicators and optimistic talkshows.Why take difficult actions if you can replace them with virtual perception? And which one to take when you don't have any real indicators left?

For this the US and Japan come to mind. Europe is so advanced that no fig leaf is big enough to hide the not-so-pretty truth behind anymore. Our decendants will probably have a word for this: "Potemkinomics"?

Mon, 04/01/2013 - 08:59 | 3395481 Shizzmoney
Shizzmoney's picture

Of the 10 most common jobs in the U.S., seven typically pay less than $30,000 a year

Change you can believe in, bitchez:

Wages have been in the spotlight this year as the debate over income inequality intensified. Middle-class Americans have been losing ground, as median household income dropped by more than $4,000 since 2000.

http://www.money.cnn.com/2013/04/01/news/economy/jobs-wages/index.html

No wonder the stock market is at all time highs!

Mon, 04/01/2013 - 09:43 | 3395607 Shizzmoney
Shizzmoney's picture

What is the road back to prosperity?

The great fallacy of these kinds of pieces (although they are terrific, and I'm glad ZH posts them), is that there is this belief that there was once some idyllic generation before ours, where everyone lived better and had more money.

Folks, the twin evils of classism, and especially racism have long, deep roots in this country. Now that young, predominantly white people from middle class backgrounds are starting to feel a strain........we now have a host of these kinds of analyses.

The titular "Real World" alluded to here is one entirely controlled by the rich, and so far as anyone with their eyes open can tell, exists to serve their interests.

This is a system based upon denial of economic reality and social security, much less justice, to broad swaths of humanity.

Recently we have begun to see that ecological devastation, the single biggest crisis of our time, is a product of this system as well.

The main collective aspirations of our generation should not, and must not be reducible, to those of our parents, namely “a spouse, a house, a kid.”  That's even becoming unattainable for regular folk.

Where is the sense of urgency, of activism, of social justice? Many of us are chasing a dream, that never even existed, which will never come back, for everyone......and will now exist for far fewer people unless we engage in some serious changes.  But for most, including those we put at the top to "run" things.....ignorance is bliss.  

The real question we should be asking: Is it even a dream worth chasing?

 

Wed, 04/03/2013 - 05:08 | 3402327 AmeliaV
AmeliaV's picture

It’s impossible to see any positive progress because everything the Fed does doesn’t lead to something good. All of us are just sick of promises and hearing words, people want deeds.  Financial situation in the US only becomes more and more complicated, consumer debt grows and income doesn’t increase. Many people live through online money borrowing and don’t know if something will change into the better. Unemployment level is stable and high and the education is extremely expensive, so consumers just don’t know how to survive.

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