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The Aerodynamics Of Nihilism

Tyler Durden's picture





 

From Mark Grant, author of Out of the Box

The Aerodynamics of Nihilism
 
We live in a world now which may be described as, "Nothing Matters."

"Nothing matters until the day that it does and then everyone asks why it didn't matter before."

                                -The Wizard

The money pours in each month from America, Europe and Japan and overrides anything and everything else. With pre-payments and calls the estimated amount of money provided by the Fed for the world's monetary supply is approximately $100 billion every month. It is not just the American banks that are the recipients of the hand-out but the foreign ones who ship it back to Europe or buy European sovereign debt courtesy of Mr. Bernanke. I suspect that if the American taxpayers were aware of the scheme that the citizens would not be pleased but then what the Fed is doing is not generally part of polite conversation in America and so it is not discussed.
 
Yields on European sovereign debt are at incredibly low levels given the underlying economies. Europe trumpets the cause as renewed faith in the European Union but that is a highly unlikely conclusion. Again, it is the "Central Banks Effect" that feeds that stove of consumption and lowers yields, raises the stock markets and has created a world-wide bubble in every asset class on earth. The economies in Cyprus, Greece, Spain, Slovenia, Portugal, Ireland and Italy are all in serious decline but; "Nothing Matters."
 
The "Stalin Axiom" has taken over the world. It is not the data but how the data is counted!

The unemployment rate in America is not 7.7% but 11.6% if all you do is add in the people that have supposedly left the workforce. Did you think these people had retired? Gotten rich in the stock market and were making plans for St. Tropez this summer? Moved to Costa Rico for the winter? No, they have left the workforce because they are now on the public dole and those that are working are picking up their tab.
 
In Europe sovereign debt ratios do not include guaranteed liabilities, contingent liabilities and every asset under the sun is marked, "Risk Free." The problem, of course, is that many of these liabilities, oft times called "investments" by the Europeans, are now coming around for payment and the "not counted" does not change the "not paid," I can assure you.
 
Still, "Nothing Matters!"
 
The financial crisis of 2008/2009 was caused by Easy Money. Too much credit, too many undocumented loans, too much cash available that could be used for stupid schemes; this was the root of it. Sub-prime mortgages were the trigger but the core of the problem was copious amounts of cash that had to be utilized somewhere. The machine ran and ran and kept running right up until the day when it broke and then the good intentions were the pavers for Hell.
 
Now the world will not wake up. You may be assured of this. That is not how it works or will work. What will happen is that the world will be woken up. It will be a Wham-Bam type of moment that will spin the markets around on a dime. The frightening thing is that there is more Easy Money around now than before the 2008/2009 fiscal crisis. Way, way more capital available now than then. In the first fiasco the money was provided by the banks and now it has been provided by the Central Banks who have created it out of pulp and water but by any measure that you would like to use; we have more credit now than then in the system.
 
The most likely "moment" will not happen in the United States but in Europe. It may be a bank or a sovereign nation that can just no longer afford to pay its bills. The lure of Easy Money undoubtedly has a very strong appeal but there are always consequences for its use. Just because a great many liabilities are not counted in Europe does not mean that they do not have to get paid. There is the rub and it always takes some time to boil to the surface.

The pot is on the stove, the water is boiling. Soon the top will get blown off and people will pay attention. In the meantime enjoy the ride but be smarter than the mob and remain prepared for when the ride comes to its startling conclusion!

 


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Fri, 04/12/2013 - 18:33 | Link to Comment 88888
88888's picture

Nihilists lol. Whenever i hear nihlism, it reminds me of the big lebowski http://www.youtube.com/watch?v=7AEMiz6rcxc

Fri, 04/12/2013 - 18:35 | Link to Comment prains
prains's picture

i need a white russian

 

again

Sat, 04/13/2013 - 10:20 | Link to Comment cifo
cifo's picture

Nihil sine deo.

Fri, 04/12/2013 - 18:43 | Link to Comment stinkhammer
stinkhammer's picture

Smokey's got emotional problems....You mean beyond pacifism?

Fri, 04/12/2013 - 18:53 | Link to Comment mofreedom
mofreedom's picture

Conscientious objector my ass, smokey was a pussy commie.  Nobody f's with the Jebus.

Nothing "else" matters:

http://www.youtube.com/watch?v=bAsA00-5KoI

Fri, 04/12/2013 - 19:05 | Link to Comment toys for tits
toys for tits's picture

 No, Donny, these men are nihilists, there's nothing to be afraid of.

 

I guess we're all thinking the same way today.

Fri, 04/12/2013 - 22:02 | Link to Comment grunk
grunk's picture

The Dude abides.

Fri, 04/12/2013 - 19:34 | Link to Comment ozzz169
ozzz169's picture

unpimp de auto

Fri, 04/12/2013 - 20:18 | Link to Comment RollOnShabbos
RollOnShabbos's picture

OVER THE LINE!!

Fri, 04/12/2013 - 18:33 | Link to Comment akak
akak's picture

Nihil novi sub sole.

Fri, 04/12/2013 - 20:49 | Link to Comment mick_richfield
mick_richfield's picture

 

Credat Judaeus Apella, non ego.

Fri, 04/12/2013 - 18:37 | Link to Comment Frank N. Beans
Frank N. Beans's picture

...like a blind man walking towards a cliff, with no knowledge of the cliff....

Fri, 04/12/2013 - 19:01 | Link to Comment NotApplicable
NotApplicable's picture

Worse than that. Many blind people would hear the lack of ground echos in front of them.

Fri, 04/12/2013 - 20:54 | Link to Comment lotsoffun
lotsoffun's picture

well - the one's that survive

Fri, 04/12/2013 - 18:40 | Link to Comment whoknoz
whoknoz's picture

I always rememer JFK pulling all sorts of financial tricks to keep from being the first President to submit a $100 billion budget...now we toss that kind of $$ into the air every month and who cares where it lands?

...this cannot end well...

Fri, 04/12/2013 - 18:44 | Link to Comment WillyGroper
WillyGroper's picture

Costa Rico - Bwhhhaaaa  Freudian slip?

Fri, 04/12/2013 - 18:44 | Link to Comment timehill
timehill's picture

I know this may sound strange, but why can't Bernanke and the FED be sued as the FED is NOT a federal agency and they are, in effect, taxing the American taxpayer without representation for the benefit of the biggest banks.  Didn't we fight a war over that at one time?

Fri, 04/12/2013 - 19:03 | Link to Comment NotApplicable
NotApplicable's picture

Why do you act as if wars and laws are valid justifiers of any action?

Besides, even if they did, Fed critters are on the board of the BIS and are fully immune from prosecution from any agency on this planet.

If you're looking for justice, you'd better hope those Martians are benevolent.

Fri, 04/12/2013 - 19:10 | Link to Comment toys for tits
toys for tits's picture

Didn't you hear, dude?

Bernanke is a fucking expert on the Great Depression and he promised Friedman that he wouldn't fuck up again.  So this shit can't be his fault since the mother fucker can't lie.  It must be all of our faults.

What a crock of shit.  I am going to start not giving nary a shit nor fuck.  Nihilism is starting to appeal to me.

Sat, 04/13/2013 - 08:33 | Link to Comment Urban Redneck
Urban Redneck's picture

Can a nihilist even have a right to exist?

Too bad the people who will have to liquidate them in order to restore balance aren't nihilists...

Fri, 04/12/2013 - 22:02 | Link to Comment DosZap
DosZap's picture

Besides, even if they did, Fed critters are on the board of the BIS and are fully immune from prosecution from any agency on this planet.

Maybe so, but they are still answerable to the PEOPLE.

 

Fri, 04/12/2013 - 19:44 | Link to Comment Binko
Binko's picture

We can't sue the Fed any more than the Colonists could sue the British Crown. 

When a people are abused and enslaved they can't go their Master and say "Massa, can I please use your courts to make you pay for your bad behavior?" They have to rise up and assert their natural rights. If they are too timid to do so then they will continue to live in servitude. 

 

Fri, 04/12/2013 - 20:56 | Link to Comment mick_richfield
mick_richfield's picture

We need to start using honest money.

hmmmm.

public-key encryption, payments denominated in silver and gold, clearinghouses audited monthly?

And if anyone comes to say "You can't do that."  -- arrest them and try them for treason, publicly and loudly.

 

Fri, 04/12/2013 - 23:57 | Link to Comment Trampy
Trampy's picture

Yeah, as long as the masses remain complacent--which is as long as they have food--it's just an occasional shooting or stabbing episode when an individual is pushed to their limits.

All the recent talk of having a consistent database and mandatory reporting of "those who might pose a threat" in order to interfere with their right to bear arms is very scary. 

Peeps with TS and higher security clearance submit a SF -86 Questionaire for National Security Position every five years or sooner.  Guess what effect this box has on all those millions of people.  Sooner or later one of them is going to blow the whistle on all the crimes committed by our government. 

Medical Record

- Any consultation/treatment with health professional for mental health related condition during last 7 years. Name, address, and telephone number of provider.

 

 

 

Fri, 04/12/2013 - 18:45 | Link to Comment Ivanovich
Ivanovich's picture

Yeah yeah.  Soon soon, any day now, just you wait and see, it's coming, I promise.

 

Sick of this.

Fri, 04/12/2013 - 20:01 | Link to Comment lewy14
lewy14's picture

It's not coming.

Think about this: is North Korea susceptible to a financial crisis?

No.

Effectively, We Are All North Koreans Now.

Cyprus was a template - notice, no contagion.

Lehman was not a template. AIG was a template.

QEn, LTRO, Abenomics - these are templates.

A large enough sea of liquidity will drown every "crisis".

Yes, this will create crisis for ordinary people - but we know they don't count.

The recursive power structure that is {Governments} <-> {Banks} has achieved perpetual stability.

Governments spend "currency" into existence by handing it out to the unproductive, for the productive to service and scavenge from the unproductive, to extinguish the tax debt of the productive - and for the productive to spend the remainder quickly, as it will devalue just as quickly.

Closed loop.

This government scrip is, even now, right in front of us, becoming unsuitable as a denomination for any kind of investment. Productive assets are bid to the moon and unproductive assets crash to the ground. The connected stay that way, the unconnected see their wealth slowly bled out. No scandal; we are told and will be told again and again that savers are "hoarders".

Everything for the State. Nothing outside the State. Nothing against the State.

Where, in the current scope of polite conversation, of acceptable opinion, of political correctness, are the limits to the power of the State circumscribed? 

Nowhere. Not on Wall St. Not on Main st. Not on Madison Ave. Not on Pennsylvania ave.

The only store of "security" that people will be able to accrue will be their reputation - for subservience.

Kinda like North Korea.

Fri, 04/12/2013 - 20:57 | Link to Comment mick_richfield
mick_richfield's picture

It's still coming.

Fri, 04/12/2013 - 23:32 | Link to Comment prains
prains's picture


Where, in the current scope of polite conversation, of acceptable opinion, of political correctness, are the limits to the power of the State circumscribed? 

Nowhere. Not on Wall St. Not on Main st. Not on Madison Ave. Not on Pennsylvania ave.

 

ZH is about the only place, and the conversation veers away from polite pretty quick but you have a legit point, thanks

Sat, 04/13/2013 - 09:14 | Link to Comment Unique Snowflake
Unique Snowflake's picture

That's the attitude Skynet took to John Connor, and look how that turned out. We can dream that one day the force outnumbering the enemy by a million to one will wake up and bring it.

Sat, 04/13/2013 - 17:09 | Link to Comment lewy14
lewy14's picture

Dream on.

The sleepers will stay asleep. Look at the math literature on graphs and cascades, as applied to social networks (real and virtual)... then look at the writeups on how campaigns use data science these days.

Realize there will be no cascade. Evah. The PTB have control rods in the pile; it will barely go critical, let alone run away from them.

Wonder what the inside of a "FEMA camp" will look like. Look around, and realize that you're looking at it.

Sat, 04/13/2013 - 21:00 | Link to Comment prains
prains's picture

movement thru the apparatus has to be too small to notice but the result, too big to forget. Evah.

Fri, 04/12/2013 - 18:46 | Link to Comment Blue Dog
Blue Dog's picture

The Fed is bailing out foreign banks too. It may be a long time before we know the full extent of it.

Fri, 04/12/2013 - 18:49 | Link to Comment q99x2
q99x2's picture

It matters still but no one has been able to get past Eric Holder to enforce the law.

Fri, 04/12/2013 - 21:47 | Link to Comment MarsInScorpio
MarsInScorpio's picture

q99x2:

 

What do you expect from a Black Racist AG whose law partners run a white-collar (make that Corporate Officer/BOD since white is now a poltically incorrect term to use for anything) legal defense firm that is picking up business every day from the criminals that are now - courtesy of Holder - TBTJ (Too Big To Jail).

 

The Black Racists at DoJ now run the show - and if you are black, you are immune from prosecution, whether it is financial criminality (Al Sharpton), or being an extremist Black Racist (New Black Panther Party) putting out a solicitation for murder of a "white" Hispanic. (As opposed to a black Hispanic, a brown Hispanic, a yellow Hispanic, or a red Hispanic.)

 

Black and Hispanic Racism are now the only two culturally promoted forms of racism left in America. The racist laws that they promote -- hiring on the basis of race, firing on the basis of race, enrolling on the basis of race, promoting on the basis of race, lower standards on the basis of race - everything that meets the definition of racist (when people are treated positively or negatively on the basis of race, is racist by definition) is permitted if the racist target is positive for blacks and Hispanics.

 

America's leadership is totally corrupt. People get FOMC Minutes before anyone else and not a word is spoken. The FED puts out more USD in eight months than the Stimulus Package put out in a year and not a word is mentioned. The current president told the world for 16 years that he was born in Kenya in his official literary agent's bio, and again when he ran for fthe US Senate in IL, changing his story only in April 2007 so he could run for president - not to mention he was disbarred for lying on his Bar app, and his wife was forced to give up her law license because of pending criminal charges against her for insurance fraud, and not a word is mentioned - in fact, if you do mention these things you are treated as if you are the whack-job rather than the psycho MSM that refuses to mention the truth, purely for racist reasons.

 

There is nothing you can do about the system because it is too big, too powerful, too ruthless, too murderous, too entrenched, to do anything about it. All you can do is try to save yourself.

 

Like it or not, we are, in fact, at a nihilistic point in history - because even if you care, you can't effect a makeover of the amoral, psycho-sociopathic degeneracy of the elites.

 

"Save yourself from this untoward generation" never rang truer than it does today.

-30-

 

Fri, 04/12/2013 - 23:10 | Link to Comment Vooter
Vooter's picture

The American people need to make a conscientious effort to poison the national well, however and whenever possible. Termites can take down a house as effectively as a fire--it just takes longer. Get chewing...

Fri, 04/12/2013 - 23:39 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Yeah, but a beer in the hand and ribs on the barbeque are still great.

 

Fri, 04/12/2013 - 18:52 | Link to Comment EvlTheCat
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People need to spend two weeks on a farm in Colombia to figure our how stupid the rest of the world really is.

Sat, 04/13/2013 - 01:52 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

What sort of a farm? seems like it would be awfully difficult to get 7 billion people on a farm in Colombia. Can't we just mentally buy the farm and hire one of our other personalities to run it while we drink ouselves into a stupor and pretend we don't care for a moment?

Fri, 04/12/2013 - 18:58 | Link to Comment Hongcha
Hongcha's picture

Nihilism; or perhaps opiated bliss as the morphine flows through the plunger; the administrator and patient are one.  The addicts have taken over the clinic!

What is happening, this volatility, is unnatural and something wicked most definitely this way comes.

Bought some gold at the close, could not resist.

Fri, 04/12/2013 - 19:49 | Link to Comment Seer
Seer's picture

"What is happening, this volatility, is unnatural"

REALLY?

WTF do you think is going to happen when growth stops.  Growth, after all, is what it's all based in/on.  No one wants to acknowledge this, that there cannot be perpetual growth on a finite planet.

Expecting stability out of a physical imbalance, come on!

When things start looking so horribly wrong one ought to start questioning the premise...

Sat, 04/13/2013 - 06:04 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

@Seer

Economic systems based on fractional reserve banking failed long before the "age of physical limits".  The system has it's demise built into it.  It is inevitable.  Citing physical limits is simply a cop out. 

"It isn't the system.  It isn't the bankers.  We just ran out of stuff.  Couldn't be helped." 

Baloney.

Sat, 04/13/2013 - 09:26 | Link to Comment Unique Snowflake
Unique Snowflake's picture

Volatility is simply the manifestation of the collision of an immovable object(economic reality) with an infinite force(fiat). It's inevitable. As are the MSM lies explaining why it's here)

 

As for growth...simply depends upon how one defines it or what units it's measured in. Of course production of real/tangible assets cannot grow forever, but GDP isn't measured like that now, is it. Bullshit GDP measuring how many times I give myself a dollar and back will fool the herd much longer than we wish to believe. The illusion of grown will keep them sedated for a while yet.

Fri, 04/12/2013 - 23:36 | Link to Comment Trampy
Trampy's picture

If you let an addict have an unlimited supply of their drug of choice at no cost, what is the inevitable result?

Yes, the money addicts have a central (bank) i.v. line of unlimited margin, er diacetylmorphine mo betta than morphine.  And a chlorhydrate would be just as good as the diacetyl.

But what about all the world's proles with Stockholm syndrome who willingly vote the bums into office, pay taxes, and send their kids to be cannon fodder?  Seems to me that they're either insane or made into zombies somehow.  And I know it's not the Flouridation because I use Gel-Kam for my teeth.  Why hasn't their madness infected ME?

After seeing how the Cypriots are no different from anywhere else where not even a cattle prod is needed to make them bend over, I feel like I'm living in a huge mental asylum and the lunatics are running the asylum  ... only I'm one of the maybe 1% who has the sanity and intelligence to see that Hunter Thompson was more right than any of the talking heads in what he wrote for ESPN on September 12, 2001 : http://proxy.espn.go.com/espn/page2/story?id=1250751

Word is that he was working on a book about what really happened on that day of infamy, which he seemed to be sussing out at 24 hours, but we'll never see it published because he supposedly committed suicide.  How convenient!

... We are going to punish somebody for this attack, but just who or what will be blown to smithereens for it is hard to say. Maybe Afghanistan, maybe Pakistan or Iraq, or possibly all three at once. Who knows? Not even the Generals in what remains of the Pentagon or the New York papers calling for WAR seem to know who did it or where to look for them.

This is going to be a very expensive war, and Victory is not guaranteed -- for anyone, and certainly not for anyone as baffled as George W. Bush. All he knows is that his father started the war a long time ago, and that he, the goofy child-President, has been chosen by Fate and the global Oil industry to finish it Now. He will declare a National Security Emergency and clamp down Hard on Everybody, no matter where they live or why. If the guilty won't hold up their hands and confess, he and the Generals will ferret them out by force.

Good luck. He is in for a profoundly difficult job -- armed as he is with no credible Military Intelligence, no witnesses and only the ghost of Bin Laden to blame for the tragedy.

OK. It is 24 hours later now, and we are not getting much information about the Five Ws of this thing.

The numbers out of the Pentagon are baffling, as if Military Censorship has already been imposed on the media. It is ominous. The only news on TV comes from weeping victims and ignorant speculators.

The lid is on. Loose Lips Sink Ships. Don't say anything that might give aid to The Enemy.

Fri, 04/12/2013 - 19:01 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

Nihilism is an essential element of National Socialism.

Fri, 04/12/2013 - 19:12 | Link to Comment NihilistZero
NihilistZero's picture

No.  A "National Socialist" would disavow Nihilisim as an intellectual movement.  Nihilisim says life has no inherent meaning.  If life and all that it encompasses has no meaning, how is that compatible with goose stepping facisim?  Facisim requires a statist dogma that is in direct opposition to Nihilisim.

Fri, 04/12/2013 - 19:50 | Link to Comment Seer
Seer's picture

I have to laugh at all of this.

"Men argue, nature acts." - Voltaire

Nice try, perpetual growth on a finite planet!  Ha ha!  Dumb humans!

Fri, 04/12/2013 - 20:00 | Link to Comment The Second Rule
The Second Rule's picture

Correct. Way too much word salad on ZH. People throwing out terms, mixing and matching them, without knowing what they really mean. Like some college freshman thinking he is clever by looking up words in a thesaurus.

Sat, 04/13/2013 - 01:48 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

Does a clock ever really know what time it is?

Sat, 04/13/2013 - 03:10 | Link to Comment The Second Rule
The Second Rule's picture

No. Of course not.

[back across the badmitton net] Does a human being ever know what consciousness is?

Fri, 04/12/2013 - 22:47 | Link to Comment Trampy
Trampy's picture

Nihilism is the inevitable PRODUCT of National Socialism.

Is there an Existentialist in the house?

Sat, 04/13/2013 - 03:33 | Link to Comment The Second Rule
The Second Rule's picture

Sartre here.

Sat, 04/13/2013 - 14:02 | Link to Comment Trampy
Trampy's picture

Which came first, the Nihilist or the Existentialist?

Fri, 04/12/2013 - 19:06 | Link to Comment ebworthen
ebworthen's picture

Legalized theft and gambling away of our children's future.

Nihilistic genocide by any other name.

Fri, 04/12/2013 - 19:27 | Link to Comment otto skorzeny
otto skorzeny's picture

is this kind of like The Politics of Dancing?

Sat, 04/13/2013 - 01:46 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

no this would be the politics of stumbling and falling. watch for bruises.

Sat, 04/13/2013 - 07:36 | Link to Comment Metal Minded
Metal Minded's picture

I don't know, but I always liked the song:

The Politics Of Dancing - Re-Flex(4:39):

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

Fri, 04/12/2013 - 19:29 | Link to Comment stiler
stiler's picture

There's more despair to Nihilism than philosophy. It's a mental state. And yeah, I suppose a philosophy, too. So it stands to reason that it will increase as the economy disintegrates. 

Fri, 04/12/2013 - 19:41 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

Shut the fuck up, Donny!

Fri, 04/12/2013 - 20:25 | Link to Comment The Second Rule
The Second Rule's picture

This is one of the most common mistakes in philosophy, i.e., trying to reduce it all down to psychology. Nietzsche was the master. However, not everything in the universe is the equivalent of a mental state. If it were then the universe would revolve around humanity, which it doesn't.

Fri, 04/12/2013 - 20:39 | Link to Comment stiler
stiler's picture

I hate psychology. Practical nihilism is from despair of the common man. Intellectual nihlism is from Nietzsche who threw out God, good and evil. One is lead there by experience, the other by violating.

Fri, 04/12/2013 - 20:59 | Link to Comment The Second Rule
The Second Rule's picture

Nietzsche was initally an admirer of Schopenhaur but he eventually broke off from S and formed his own philosophy which said "yes to life." Nietzsche was right up until the moment of his collapse a life affirmer, the exact opposite of a nihilist.

Fri, 04/12/2013 - 22:50 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

No discussion of nihilism can be made without reference to Nietzsche who made the study of it deeply personal and profound. He cites Christianity as a vehicle to counter nihilism but because ( in his belief) christianity is a construct of man's mind, the recognition leads to its dissolution. If you study Nietzsche long enough it's hard not to fall into a pit of dispair, though I can't say this would be his intention. More likely he meant it as impetus to become more than we are. His decent into madness after witnessing the cruel flogging of a horse is most telling. Fascinating end for a complex and seemingly tortured man.

It's easy to fall into nihilism when you look at the world today and see the realities others most steadfastly refuse to see. Too much ZH without a happy life as a balancing factor can lead one there as well. A lesson we should not ignore.

Miffed;-)

Sat, 04/13/2013 - 00:53 | Link to Comment The Second Rule
The Second Rule's picture

It is easy to fall into Nihilism, and adjacent philosophies such as AntiNatalism, when the world is going to Hades in a picnic basket. I fell into both, and it was a long, slow slog to climb my way back to a hill where I could spy some clarity. Both are pits of despair, but you have to fall into them before you realize just what a mistake you've made. N said "When you look into the abyss, the abyss looks into you!" But it doesn't just "look" into you. It throws up some HR Gigeresque tentacles around your ankles and drags you down into the hole. Dark bitch from hell.

Sat, 04/13/2013 - 16:45 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Great metaphor! It's interesting Nietzsche can have that effect on so many especially young men who are going though dark times in their lives. He certainly had a key part in Hitler's psychology. My brother was thoroughly entranced with Nietzsche when he was 16-25. I tried to make light of it but I'm sure it had a part in his attempted suicide. Of course i dont fault Nietzsche for this. It was primarily due to a horrendous childhood we were experiencing. People with mental issues should approach Nietzsche and existentialists (Camus,Sartre) cautiously or risk serious darkness. My brother had a tremendously difficult time climbing out. I'm glad you found a way out of the black pit and I do have a sense of what you experienced there. I hope there is happiness in your life now. I'm sure you can savor the sweetness of it better than most because of your personal experience.
Thanks for your post. It certainly brought back memories and an appreciation of where I am now.

Miffed:-)

Sun, 04/14/2013 - 21:37 | Link to Comment The Second Rule
The Second Rule's picture

There is no happiness in my life. There is what Paul Atreides called "Victory." That's all. I Simply want people to know that Nihilism is not the ultimate answer. There IS something higher. Ferocity. Defiance. Self-will.

As Tyler said so eloquently, if our fathers were models for God, then we don't NEED him. God is irrelevant.

Sun, 04/14/2013 - 22:45 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

I have experienced unmitigated profound joy in my life. I am also filled with passionate ferocity and clarity of vision. My whole being is built on the idea of self will without guidance or predestination. How you intertwine this with a model of a God or some kind of overseer as needed for our existence is baffling to me. Yes I am a spiritual person but that doesn't imply I spend my days cowering to some omnipotent god hoping for some gifts to drop in my lap if I please it. This vision of God is irrelevant to me. My spiritual journey occurred when I cut out all the noise became still and looked within. I walked down the path of self discovery, what did I want? Why am I on this earth at this time? What am I here to accomplish? Does my existence serve ANY meaning whatsoever? If not, why not extract as many pleasures I can from this life until I become maggot food. Striving for greatness and something higher is pointless if all is meaningless.

Miffed;-)

Sat, 04/13/2013 - 01:43 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

The universe does not exist to us until we perceive it. The mind is the filter that strives to understand the universe in which it exists.  The entire universe for us, is at some level a mental state.

we comprehend a tiny fraction of the universe that exists, we are built to filter most of it out. It's a survival mechanism that allows us to focus on the barest elements necessary for survival. We can't hear or see most of the electromagnetic spectrum without external devices. We are blind deaf and dumb to most of the universe. all philosphy is pyschology.

The universe we discuss is the one we understand, not the one in which we are immersed. It is the difference between dreaming and waking, both seem real at the time, but somehow only one is.

Sat, 04/13/2013 - 02:13 | Link to Comment The Second Rule
The Second Rule's picture

Well, as bizarre as that sounds, it's actually true. We need organic life forms to collapse quantum waves. Electrons don't have a color. Neither do protons, neutrons, hadrons, or molecules. The universe is actually blank, blind, and non-manifest. The only color, or smell, or taste, or sound, or sensation exists because of false maps in our brain. We see "orange" because we have a false color map in our brain that expresses "orange." But there's no "orange" there. We think because we are manifest that we somehow, with our peanut brains, can comprehend the totality. What a joke. Like a frog at the bottom of a well trying to guess the depth of the Challenger Deep.

Sat, 04/13/2013 - 02:41 | Link to Comment RichardP
RichardP's picture

In the end, all men choose for themselves.  Therefore, education must be education toward the ability to decide.  Author not remembered

Q1:  If there were no such education, would men still choose for themselves?

Q2:  Would there still be smells in the world if there were no noses?  Or would there only be molecules, with no receptors to fit into?

Thoughts triggered by the previous discussion of the color orange.

Sat, 04/13/2013 - 03:03 | Link to Comment The Second Rule
The Second Rule's picture

Q1: If there were no such education, would men still choose for themselves?
Not trying to engage in question avoidance but the concept is on the forefront of current metaphysical theory, i.e., is there any such thing as "free choice." I honestly don't know. If I were to guess I'd say no. There's no free will. We have the "illusion of free will" but in truth there's no free will. The entire universe is one vast happening and there is no such thing as "I" or "Self." 'Course, I could be wrong about that.

Q2: Would there still be smells in the world if there were no noses? Or would there only be molecules, with no receptors to fit into?
This is actually easier to answer than the 1st question. Because this is largely a question of semantics. If Hellen Keller and no one else were in the forest, and a tree fell, would there be a sound? Technically...no. There wouldn't be a sound. She might smell some of those high priced mushrooms however.

Fri, 04/12/2013 - 19:39 | Link to Comment Landrew
Landrew's picture

What I find fascinating is this moron thinks people left the workforce because they are on the dole. This has been proven wrong. What he fails to realize people are not on the dole they are now forced to drain their savings, move in with family and friends. There are few jobs that pay a living wage or have any benefits! The French royalty found that out the hard way ending up without heads.

Fri, 04/12/2013 - 19:41 | Link to Comment Seer
Seer's picture

Who could have known that basing an economic system of perpetual growth on a finite planet would come to this?

Fri, 04/12/2013 - 20:21 | Link to Comment The Second Rule
The Second Rule's picture

No one could have foreseen it. It was totally unpredictable. No one in ancient Greece got close to predicting the volume of the earth or that it was finite. No farmer or rancher ever understood the concept of carrying capacity. There were never any wars over resources. No islanders ever starved and went extinct because they cut down the last palm tree. No petroleum engineer ever warned America that it would run out of oil and specify the EXACT year that would happen based on purely mathematical calculations, or that the OPEC nations were lying about their proven oil reserves. No politician ever got on television live before the American people warning us that NAFTA and GATT would destroy our industrial base and like a "giant sucking sound" drain middle class jobs from the nation. No climate scientists ever warned us that the ice caps were melting and the glaciers receding. No one warned us that the rain forests would be gone in 30 years, or that the world's fresh water supplies were dissapearing. No one warned us about the dangers of nuclear power, or that plastic in the environment would work as endochrine disruptors. Etc. Nope. All totally mysterious. Totally unpredictable.

...that's enough sarcasm for one post.

Fri, 04/12/2013 - 20:28 | Link to Comment Seer
Seer's picture

I hate it when that happens! :-) (thumbs up for great work!)

Fri, 04/12/2013 - 20:50 | Link to Comment lotsoffun
lotsoffun's picture

and nobody predicted i might get old and die.  i can't believe it.  i'm getting old.

Fri, 04/12/2013 - 20:21 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Even the amount bitcoin is finite......

Fri, 04/12/2013 - 19:45 | Link to Comment EclecticParrot
EclecticParrot's picture

Even as a youngster, I came to firmly believe that Eeyore the donkey from Pooh fame would eventually be recognized as the spiritual hero of our times.  A prophet, especially a nihilist, is rarely recognized in his day, but of course, had you asked if this mattered to him, he'd likely say:   "We can't all, and some of us don't. That's all there is to it.  After all, nothing matters."

Fri, 04/12/2013 - 19:50 | Link to Comment stiler
stiler's picture

"nothing matters!"

Fri, 04/12/2013 - 20:31 | Link to Comment Seer
Seer's picture

Then if matter is nothing then what is anit-matter?

I think I'm going to go back to bed...

Fri, 04/12/2013 - 20:43 | Link to Comment stiler
stiler's picture

if nothing matters = God exists.

 

guten nacht

Fri, 04/12/2013 - 22:54 | Link to Comment Radical Marijuana
Radical Marijuana's picture

The Great Nonthing is one of the names of God.

Other names for God in transcendental poetry are "who" and "nobody."

As in, "Who Cares!" and "Nobody Cares!"

I regard the human concept of energy as the best approach to conceiving the inconceivable, which is an approach towards spiritualism which enables ancient mysticism to be remade within postmodernizing sciences. Mathematics is usually at least 50 years ahead of the rest of the integrated developments of culture, if not more so ... Please God, thou art the beginning and ending of all things. (However, which way is one going to hear that, since "Please God" has two different meanings!) Furthermore, IF one seriously attempts to imagine how energy has no beginning, and has no end, but only transforms, then all of thermodynamics and information theory blends with old-fashioned religions. Moreover, all of the profound paradoxes found in postmodernizing physics reveal the rediscovered transcendental poety that ancient mystics attempted to point towards ... Energy is spirit. Entropy is the scientific satan. The differences are that more scientific spiritual calculus attempts to eschew more false fundamental dichtomies, while embracing more unitary mechanisms. E.g., Energy Exists, but the time and space, which are its limits, that energy plays through, do not exist. Light exists, but darkness does not exist. Heat exists, but cold does not exist, and so on and so forth ... What we can experience must be in time and space. Out of the infinite of white light and while noise, are subtracted some colours and sounds, which are our realities, here and now ...

The supreme good is all colours and all sounds, etc., all at once. However, every finite experience is of some fragmented part of that, with something missing. Thus, the source of evil is the void nonbeing, through which the Plenum Being plays ... The more we love our dichotomies, and are attached to them, then the more we are in that game of life.

The money system operates within those basic concepts of Subtraction, and its attendant Robbery, but also attempts to deny that too! So typically human!

Nothing matters but energy. Energy IS All. Everything matters.

QED?

I love transcendental poetry!!!

However, it practically useless.

Anyway, I send my prayers out: may good night turn into another good morning for you, stiler, as well as to EclecticParrot, since I believe that is fundamentally a good name to describe our human story telling, and I too liked the Winnie the Pooh stories!

Fri, 04/12/2013 - 20:53 | Link to Comment Apostate2
Apostate2's picture

Nothing matters?

No

Anything goes!

http://www.youtube.com/watch?v=3aeQ3DmKU7A

Fri, 04/12/2013 - 21:03 | Link to Comment stiler
stiler's picture

Yeah, you got the step!

Fri, 04/12/2013 - 21:07 | Link to Comment stiler
stiler's picture

its all valid; can't paint me into a corner.

Fri, 04/12/2013 - 21:17 | Link to Comment rsnoble
rsnoble's picture

You're right. Nothing matters. Except future history books won't say that 'nothing matters'.  Why? Because theres not going to be future history books.  THE FUCKING END.

Fri, 04/12/2013 - 22:14 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Unfortunately, rsnoble, that is way too plausible a possibility!

Fri, 04/12/2013 - 23:30 | Link to Comment Radical Marijuana
Radical Marijuana's picture
The force driving the Aerodynamics Of Nihilism is the runaway triumph of fraud.

Consider the paradoxical pit that we dig ourselves deeper and deeper into when we are able to control society through legalized lies, backed by violence ... There will be a final failure from too much "success" from doing that. This has been developing for a long time ... However, it has been on an exponential growth curve, whose character dramatically changes near the last couple of possible doubling times!

"Nothing matters" because the established systems already are cruising on the autopilot of fundamental financial fraud, backed by the force of government.

Facts do not matter to runaway triumphant frauds. Instead, the success from frauds depend on deliberately ignoring the evidence which proves those facts. Logical arguments do not matter to runaway triumphant frauds, because the success of those frauds depend upon wilful blindness towards those logical arguments.

That the whole system will drive itself into a wall, and bounce off, to go over a cliff, does not matter, until we have already done that, and still will barely matter, even as we are collapsing, and will still barely matter until there actually is the crash into chaos.

Everyone has gradually been forced, for generation after generation, to adapt to live inside of a runaway financial fraud, which violates the basic laws of nature, on every level, except at the levels where that dishonesty can be, and was, backed up with violence. Thus, covert organized crime was able to take control of governments, in order to legalize lies, and legalize the violence needed to back those lies up, so that everyone would be forced to live as if those lies were true. Nothing matters inside that context. It is nihilistic because it is the triumph of financial fraud, being able to take control of everything, despite that being runaway social insanities, BECAUSE NOTHING MATTERS.

No evidence and no logic matters, since the overwhelming vast majority of people have already been deeply brainwashed to believe in bullshit, so much so that they DO NOT WANT TO KNOW any of the evidence nor any of the logical arguments regarding their reality. Furthermore, even IF some of them do want to know, they will not be remotely close to being able to change anything happening anyway.

People might be able to somewhat agree upon what is wrong, but they usually can not agree upon what should be done instead. Indeed, it is because the best organized gangs of criminals can agree amongst their small group, that their small groups are able to direct what actually happens, against the interests of the vast majority of others, who are divided, and not able to unite with respect to what should be done instead.

For all those reasons, any many similar ones, "WE" are experiencing "the Aerodynamics Of Nihilism!"

The world we are living in IS being controlled by huge lies, which have been legalized, and thereby backed up by the overwhelming power of governments. No arguments based on social facts using logic make any difference to that, since, over and over again, systems of triumphant fraud simply ignore all the facts and logical arguments that they do not like. Since they have been able to use violence to back up the triumph of their financial frauds for many generations, almost everyone has already adapted to accept being inside of that social situation. Therefore, we have already committed ourselves to the consequences of our whole civilization being controlled by huge lies, which will become more horrible the longer that continues ...

BUT, those consequences, at "the moment," will almost certainly then be greeted by people who continue to have no clue how clueless they are! Being controlled by a state religion, which is a runaway system of fundamental financial frauds, (privatized fiat "money," made out of nothing, as debts) drives "the Aerodynamics Of Nihilism!" We NECESSARILY are going to be driven through a series of psychotic social breakdowns, due to everything being controlled by bigger and bigger legalized lies, backed up with more and more legalized violence. That will keep on getting worse, faster, BUT, there is nothing within the established systems which could correct themselves.

Since the legalized violence can NEVER make the legalized lies become true, nor actually make sense, but STILL the legalized violence can keep pushing and pushing people to accept those legalized lies, and act like they were true, and can STILL reward those who agree with those lies, and punish those who do not agree with those lies, we are being driven through "the Aerodynamics Of Nihilism!"

What is even worse is that since the vast majority of people are now Zombie Sheeple, who have been deeply brainwashed to believe in the biggest bullies' bullshit, there are no good reasons to expect them to understand anything better regarding what they should do instead, that was more scientifically realistic. Instead, what is most probably going to happen is that "the Aerodynamics Of Nihilism" will see most people becoming even more insane, and even more out of touch with reality.

It is almost impossible to imagine what might on the other side of the psychotic breakdown of the globalized Neolithic civilization social pyramid systems ... Some of the seeds from the current systems of organized lies, operating organized robberies will (I hope) probably survive to germinate after those social storms blow through. However, the unprecedented size of those social storms, and the awesome science and technlogies that are developing, and enabling that to happen, are way, way, way too unprecedented to be able to predict that future ... Although there are plenty of creative alternatives, and the creative potential of science and technology is just as great as its destructive potential, the creative aspects are way, way, way more difficult to predict, while the destructive potentials are not so off the scale of our ability to imagine.

"The Aerodynamics Of Nihilism" presents the challenge of building a parachute half way down, after we have been pushed off the cliff. I would like to suggest we should be better prepared ... but that seems like implausible advice.

Sat, 04/13/2013 - 06:20 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

So what backs the system?  What backs the $ & the euro, etc?  State sanctioned violence.

Say 'Hello' to my little friend!

https://www.youtube.com/watch?v=AVQ8byG2mY8

Fri, 04/12/2013 - 22:21 | Link to Comment zerotohero
zerotohero's picture

in the end love is all that truly matters.

Fri, 04/12/2013 - 22:51 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Yes, but the expression of "love" is one of the most culturally conditioned behaviours!

Fri, 04/12/2013 - 22:26 | Link to Comment kchrisc
kchrisc's picture

Good article, but all that I have to say about the term/phrase "Aerodynamics Of Nihilism" as it applies to what is happening is this: in free fall one feels weightless.         hujel

Fri, 04/12/2013 - 23:39 | Link to Comment newengland
newengland's picture

Financial warfare for fucktards. Enjoy the show or pay for it. Tis a pity that millions will die for it, while Party on dudes profit from it.

Zionism and Islamism are two faces of the same fraudulent coin.

Fri, 04/12/2013 - 23:54 | Link to Comment honestann
honestann's picture

How many people have invested the one minute of time and tiny bit of effort to perform the following computation?  $100,000,000,000 (per month) / 330,000,000 (population) ==> $300 per month per human in the USSA.

That's about $300 per month of increased debt per individual.
That's about $3,600 per year of increased debt per individual.
That's about $36,000 per decade of increased debt per individual.
That's about $144,000 per working lifetime of increased debt per individual.

So where, exactly, is the $144,000 plus interest supposed to come from to pay back this so-called debt?  Answer:  Can't happen.  This is all just a smoke-and-mirrors scam to turn everyone into a permanent debt slave.  To whom?  To predators who create this "money" out of thin air at zero expense to themselves.  There is no other possibile outcome other than universal slavery to the predators, except for the increasingly remote chance humans wake up and fight an all-out shooting war against the predators-that-be and predator-class (banksters).

BTW, this $144,000 plus interest is over and above the taxes stolen from you during your working lifetime.  Does anyone imagine they received $144,000 of extra services above and beyond what their taxes paid for?  Hell, I am quite certain that I did not receive a grand total of $144 worth of services over my entire life, much less an extra $144,000 worth of extra services.  And humans still support this scam?  Amazing how stupid supposedly senitient beings can be.

Sat, 04/13/2013 - 09:26 | Link to Comment prains
prains's picture

the debt won't be repaid so is meaningless, fialt currency will be skittles when this is finished, so don't fret about paper, fret about your kids and their kids wellbeing. Trying to poke a wild boar with a sharp stick to feed the family is going to be hazardous, best to start practicing now

Sat, 04/13/2013 - 00:33 | Link to Comment Die Weiße Rose
Die Weiße Rose's picture

ni·hil·ism  

n.
1. Philosophy
a. An extreme form of skepticism that denies all existence. b. A doctrine holding that all values are baseless and that nothing can be known or communicated. 2. Rejection of all distinctions in moral or religious value and a willingness to repudiate all previous theories of morality or religious belief. 3. The belief that destruction of existing political or social institutions is necessary for future improvement. 4. also Nihilism A diffuse, revolutionary movement of mid 19th-century Russia that scorned authority and tradition and believed in reason, materialism, and radical change in society and government through terrorism and assassination. 5. Psychiatry A delusion, experienced in some mental disorders, that the world or one's mind, body, or self does not exist. 6. Aerodynamics Nihilists, like most hot-air balloons - will float up into the Air until they bump into another Nihilist at which point they both will exclaim: a. I hear it, I see it, but I don't believe it ! b. Are you a Nihilist or are you just pleased not to see me ? c. how are your Aerodynamics today ?

wr;)

Sat, 04/13/2013 - 03:24 | Link to Comment The Second Rule
The Second Rule's picture

I am ready to disprove Nihilism in one fell swoop. Ready? Close your eyes. Close 'em tight and keep em closed now. Ready? Here goes...[raises bar-b-que fork overhead and brings it down in one swift motion into the thigh of the disbeliever]. Hurtz donut?

http://www.youtube.com/watch?v=q7P7BFBWQ1E

 

 

Sat, 04/13/2013 - 07:30 | Link to Comment Metal Minded
Metal Minded's picture

Here's another perspective on Nihilism to consider, that of Eastern Spirituallity, as expressed by Bill Hicks in two video clips:

Bill Hicks- The economy thats fake anyway(1:38): 
 http://www.youtube.com/watch?v=gRY_cjBCpTs

Bill Hicks - It's just a ride(1:44): http://www.youtube.com/watch?v=fZkhR8suCF4

Sat, 04/13/2013 - 09:21 | Link to Comment The Second Rule
The Second Rule's picture

That was excellent.

Sat, 04/13/2013 - 01:38 | Link to Comment amanfromMars
amanfromMars's picture

Helter Skelter Trail Blazer to Raze High Frequency Trading to the Ground? Google Rocks and Sucks and Socks IT to Wall Street?

  

Posted Friday 12th April 2013 16:25 GMT* amanfromMars 1 …. Entangled Entangling Google on http://forums.theregister.co.uk/forum/1/2013/04/12/google_cpi2_processor_monitoring/

 

Google Virtual Advertisements ..... Mad Men Style for Lady Luck's Smiles

 

Google has wired its worldwide fleet of servers up with monitoring technology that inspects every task running on every machine, and eventually hopes to use this data to selectively throttle or even kill processes that cause disruptions for other tasks running on the same CPU.

 

Google will need more than just Lady Luck rooting for IT if they want to be Control with Virtual Machinery.

Live Operational Virtual Environments are All that Every Needs to Seed and Feed Immaculate  Source for Supply with AIDefinite Vision in Surreal InterNetworking Server Provision. …… of Virtual Realities as a Future Active Substitution for Present Providers and SMARTR Private Pirates.

Is Blogspot AI a Self Service Store for Myriad Raiding ...... Judicious Looting for the Treasure that is Plunder's Pleasure to Savour and Propagate? Feel Free to Take what you can Make Great Use Of is a Great Master Piloted Plan in DEVolution ….. An Ethereal Development in AIRevolutionary Evolving Program for New Orderly World Order Programmers …… SMARTR Project Leaderships? :-)

* And Saturday too, with additional Virile Virtual, Vital Viral Information for IntelAIgent Server Provision. The trick is to ensure that it and IT does not self destruct  one's plans by morphing inexorably and uncontrollably into Venal Venereal CodeXSSXXXX. Under Control and in CyberIntelAIgent Control Centres is such an invaluable and obscenely profitable, alternative power base in underground stealthy black and shimmering grey economies engaged in and engaging with ennobling and enabling popular practices and practitioners, albeit at more exclusive inclusive exalted levels which are probably akin to quite magic circles.:-) 

Cometh the Hour and Meltdown, Cometh NEUKlearer HyperRadioProActive ProgramMING  .... and Ladies and Gentlemen, it would be extremely naive and quite wrong to not imagine and realise that such as has just been shared with you there/here, is the truth and a future path taken rather more than any aimless fabless fantasy or fantastic and fatuous fiction. 

 

Sat, 04/13/2013 - 03:24 | Link to Comment amanfromMars
amanfromMars's picture

And further to Helter Skelter Trail Blazing Razing High Frequency Trading .....[amanfromMars, Sat, 04/13/2013]

And although it is always quite quiet as befits a stealthy model of surprising enterprise, is it and IT a quite busy and getting busier field with persons of interest from places and spaces of interest doing quite wonderful things just for the sheer hell and fun of it :-) ……  http://www.wired.com/wiredenterprise/2013/04/baidu-research-lab/

If one wants to be a Great Leader on Long AIMarches, does Information Search need to MetaDataMorph into Intelligence Space Product Placement from HQE-SM/SME** Enterprise Stores/Virtual Treasure Vaults?

** Highly Qualified Expert-Senior Mentor/Subject Matter Expert …… http://cryptome.org/dodi/2013/dodi-1400-25-v922.pdf

 

Sat, 04/13/2013 - 03:43 | Link to Comment Joe A
Joe A's picture

Fuck you. Europe and the rest of the world bought your US toxic MBS, violating the basics of trade, namely trust. The US always unloads their debt onto the rest of the world. Go ask the Japanese, they bought that during the 80s and are still paying the price for it.

Sat, 04/13/2013 - 03:55 | Link to Comment jimmyjames
jimmyjames's picture

Fuck you. Europe and the rest of the world bought your US toxic MBS, violating the basics of trade, namely trust

*************

Is there no onous on the buyers of that toxic shit to do their own DD before they bought it and in some cases re-levered it from 30-1 up to 90-1 ?

 

Sat, 04/13/2013 - 04:18 | Link to Comment Joe A
Joe A's picture

Even if so, that does not take away responsibility of these hustlers on Wallstreet now, does it? Or hustlers at the FED who made it all possible in the first place.

Sat, 04/13/2013 - 09:30 | Link to Comment prains
prains's picture

American rating agencies who AAA'd the pile of steaming shit and were corruptly paid to do so were supposed to be the industry standard for DD, so yes Europe did their DD but were sandbagged by corrupted american rating agencies

Sat, 04/13/2013 - 14:38 | Link to Comment jimmyjames
jimmyjames's picture

so yes Europe did their DD but were sandbagged by corrupted american rating agencies

 *************

I'm no apologist for crooked rating agencies--but--saying Euoropian buyers did the DD is ridiculous--all they needed to do was read the  disclaimers at the bottom of the rating agencies spread sheet-

*********************

While so many investors and regulators are relying on these ratings, the rating agencies take the position, as exemplified by S&P,

"Any user of the information contained herein should not rely on any credit rating or other opinion contained herein in making any investment decision."

http://www.fpafunds.com/docs/special-commentaries/absence_of_fear.pdf?sfvrsn=2

 Errors in the ratings agencies’ data, assumptions and modelling have been found. Moreover, agencies are not required to perform due diligence on underlying loans

http://www.dictionaryofeconomics.com/sample_article

 

Sat, 04/13/2013 - 07:05 | Link to Comment Metal Minded
Metal Minded's picture

Yep, there it is, boiled down to a simple, raw, basic choice, in jimmyjames post. Is it going to be "all for one, and one for all" or is it going to be "every man for himself"?

Sat, 04/13/2013 - 08:54 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

Is there no onus on the deadbeat depositors of US Banks to do their own DD before they make unsecured loans by depositing their money in a self regulated banking system that was doomed to fail?

 

Every penny above FDIC limits was lost in 2008...that's reality bitchez..

Sat, 04/13/2013 - 10:15 | Link to Comment Downtoolong
Downtoolong's picture

The scale of Fed printing has definitely instilled a cloud of apathy around any real business or economic development. How can you get excited about the discovery of a new oil or gas field when you know the Fed’s printing over the next six months will exceed the market cap of ExxonMobil? It’s sort of the way I feel when I get a $2,000 bill for a crown from my dentist after I went to the trouble to clip a coupon for 50 cents off a tube of toothpaste.

Sat, 04/13/2013 - 10:25 | Link to Comment d edwards
d edwards's picture

Another way of saying "nothing matters": What, Me worry?

Sat, 04/13/2013 - 14:09 | Link to Comment pashley1411
pashley1411's picture

Observors say, "its got to end, its got to end".  Sure, someday.

But the misallocation of resources through bogus price signals can wring out more of the country's wealth to a far greater extent than anyone would conceive as possible, for far longer.   After all, that's what policians/bureaucrats do, misallocate resources, they just have ramped it up several gears.   After all, its not they who will suffer for their decisions, that's why seek the positions they have.

Look at Japan.    Who would have thought that a country and its policians could carry on the misallocation-by-borrowing charade for 24 years?    Will compounding demography and compounding misgovernment end it all in 2013?   Maybe, maybe not.

Sat, 04/13/2013 - 19:29 | Link to Comment Herdee
Herdee's picture

Smoking some BC Big Bud.Sit back and relax...

Sat, 04/13/2013 - 23:58 | Link to Comment Plumplechook
Plumplechook's picture

Nihilism is a legitimate - nay a rational response to where we are at and where we are headed.

A unique amazing world teeming with diverse life is slowly but surely turning into one overpopulated polluted stale barren planet as more and more animals are hunted to extinction, their habitats destroyed, to make way for industrial development concrete jungles, polluted air ,water, lakes,seas, where even the bees are disappearing amid a world hurtling towards massive climate change, amid grotesque poverty and a minority super elite so rich they are almost an alien species.

 

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