This page has been archived and commenting is disabled.

100 Years Of Government's Takeover Of The Economy

Tyler Durden's picture




 

The ever-encroaching 'might' of the government - or perhaps, put another way, the ever-decreasing need to be gainfully employed or productive...

 

 

(h/t @Not_Jim_Cramer)

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 04/20/2013 - 11:06 | 3476921 linniepar
linniepar's picture

I will gladly pay you on Tuesday for a FEMA camp today.

Sat, 04/20/2013 - 11:10 | 3476936 The Juggernaut
The Juggernaut's picture

Happy birthday... Hitler?!  Jeeeze.

Later tonight will be the anniversary of Obama saying he killed Obama... where are those pics? 

Sat, 04/20/2013 - 11:21 | 3476967 flacon
flacon's picture

Keynes: "Gross Domestic Production = Borrow from the future and spend today + interest"

Sat, 04/20/2013 - 11:23 | 3476970 markmotive
markmotive's picture

Yet somehow rates are at historic lows.

If we truly are turning Japanese, could rates stay low until 2027?

http://www.planbeconomics.com/2013/04/could-interest-rates-stay-low-unti...

Sat, 04/20/2013 - 11:37 | 3477014 GetZeeGold
GetZeeGold's picture

 

 

It's suicide if we don't keep them low.

Sat, 04/20/2013 - 11:47 | 3477046 Abi Normal
Abi Normal's picture

So you would rather our children become slaves to debt?  I say take the big pain now, as we would be able to stand it.  Yes, it would be terrible, but can you imagine what is in store for future generations?  Alas, I think we have passed the point of no return anyway, the games are afoot and there will be much pain for everyone.

Sat, 04/20/2013 - 11:55 | 3477071 e-recep
e-recep's picture

the central banks will suppress the interest rates until they can't. the transition will be chaotic.

Sat, 04/20/2013 - 12:16 | 3477125 Bearwagon
Bearwagon's picture

The sooner the better, nevertheless.

Sat, 04/20/2013 - 18:10 | 3478332 AldousHuxley
AldousHuxley's picture

BRICS Nations Plan New Bank to Bypass World Bank, IMF

 

http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-...

Sun, 04/21/2013 - 00:18 | 3479398 Overfed
Overfed's picture

Man, I don't know if we can afford to go and liberate all of those countries.

Sat, 04/20/2013 - 12:28 | 3477166 Quinvarius
Quinvarius's picture

The treasury bond market's only purpose is to funnel printed money to the government through Fed purchases and to the banks through rigged trading.  I am not sure it ever has to drop as long as the Fed is prepared to accept hyperinflation.

Sat, 04/20/2013 - 12:02 | 3477090 AmCockerSpaniel
AmCockerSpaniel's picture

You are so right. We the few who would not take our children's further for our self's.

Sat, 04/20/2013 - 13:22 | 3477316 Budd aka Sidewinder
Budd aka Sidewinder's picture

The money changers don't give a shit about our kids.  Their kids will be Sea Dooing off the Hamptons when our kids are hoping to get jobs fixing their Sea Doos

Sat, 04/20/2013 - 14:11 | 3477490 Kayman
Kayman's picture

Budd

sorry, those jobs are earmarked for offshoring.

Sat, 04/20/2013 - 23:17 | 3479230 kchrisc
kchrisc's picture

Only the pols and crats of government and the bankster elites could steal everything, our souls included, and the future too.     hujel

Sat, 04/20/2013 - 14:09 | 3477478 Kayman
Kayman's picture

flacon

The fatal flaw is Government is included in Production.  It should be in a separate category: GNR-

Gross Domestic Reduction.

Mathematics will soon enough kill this game. All private sector productivity increases are confiscated by government.

Sat, 04/20/2013 - 18:36 | 3478398 Uncle Remus
Uncle Remus's picture

Wait - I thought we were supposed to think of the children. Even cretinous little bastards don't deserve this mess.

Sat, 04/20/2013 - 11:14 | 3476953 Burt Gummer
Burt Gummer's picture

I will gladly pay you on Tuesday for a FEMA camp today. - Wimpy The Fema Camp Gaurd

 

http://www.youtube.com/watch?v=ZS2Z19yTuPI

Sat, 04/20/2013 - 11:16 | 3476960 krispkritter
krispkritter's picture

Will those be horse or rat burgers in the kamps? 

Sat, 04/20/2013 - 11:54 | 3477065 Bearwagon
Bearwagon's picture

"King Rat" burgers, maybe?

Sat, 04/20/2013 - 12:18 | 3477143 Beam Me Up Scotty
Beam Me Up Scotty's picture

Rat burgers will be top shelf.  You will wish you got to eat that well.  The menu will consist of shit sandwiches, and rat might be on special every now and then.

Sat, 04/20/2013 - 12:33 | 3477185 krispkritter
krispkritter's picture

How do you like your rat-tinis sir?  Shaken, not furred...

A guy in a bar stands up and says, "All bankers are assholes." Another guy stands up and says "Hey...I resent that..." The first guy says, "Why? Are you a banker?" The second guy says, "No. I'm an asshole."

Sat, 04/20/2013 - 18:50 | 3478430 NorthPole
NorthPole's picture

Optimist: 'in the future, we will all eat shit'

Pessimist: 'I am afraid there won't be enought for everybody'

Sat, 04/20/2013 - 20:46 | 3478755 Kprime
Kprime's picture

due to expensive government studies at least we can eat "calm rats"

http://news.sciencemag.org/sciencenow/2013/04/how-rocking-a-baby-is-like-grabb.html?ref=hp

Sat, 04/20/2013 - 12:10 | 3477112 Winston Churchill
Winston Churchill's picture

A choice ?

Depends what day of the week it is.

Sundays is Soyalent green.

Sat, 04/20/2013 - 12:18 | 3477137 Bearwagon
Bearwagon's picture

+1 for Soylent green

Sat, 04/20/2013 - 16:01 | 3477968 PKF
PKF's picture

I especially like the Rich Bastards Soylent Green Sandwich.  Remember:  End World Hunger.  Eat the Rich. 

BTW, if we're gonna print $, give it to the Former Middle Class, they'll spend it and VOILA, Growth!

Sat, 04/20/2013 - 14:34 | 3477569 css1971
css1971's picture

In the book the film was made from it would be a juicy soylent steak.

Sat, 04/20/2013 - 11:31 | 3477001 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

I will gladly pay you on Tuesday for a FEMA confinment loaf today.

There fixed for you.

Sat, 04/20/2013 - 11:43 | 3477036 Abi Normal
Abi Normal's picture

Gotta hand it to Whimpy!  Problem is he wont be able to pay you on thursday!

Sat, 04/20/2013 - 11:46 | 3477040 Silver Bug
Silver Bug's picture

It is in governments nature to expand to the point of collapse. Their day is coming.

 

http://jimrickards.blogspot.ca/

Sat, 04/20/2013 - 12:22 | 3477147 Anusocracy
Anusocracy's picture

To govern means to control. Those who are drawn to government crave control. Like Bloomturd.

What could possibly go wrong?

Sun, 04/21/2013 - 18:57 | 3481586 andyupnorth
andyupnorth's picture

Those who crave control should never be allowed to have it.

That's how it works for Christian Orthodox priesthood.

Sat, 04/20/2013 - 12:44 | 3477206 RafterManFMJ
RafterManFMJ's picture

Like bacteria they feed until the growth medium is completely exhausted, then comes the population crash. 

Sat, 04/20/2013 - 11:05 | 3476924 jesse livermoore
jesse livermoore's picture

hello I am from the government and I am here to help     

 

Ronald Reagen

Sat, 04/20/2013 - 11:17 | 3476961 Terminus C
Terminus C's picture

The irony there is that he increased government expenditures by more than any president before him except Roosevelt.  He was indeed there to help... defense contractors and banks... hmm, why does that sound so familiar...?

Sat, 04/20/2013 - 11:19 | 3476964 Shell Game
Shell Game's picture

There is also an irony in the fact that Abraham Lincoln was the first American dictator who destroyed the 10th Amendment.  But we can't let details get in the way of good urban mythology...

Sat, 04/20/2013 - 11:53 | 3477058 Terminus C
Terminus C's picture

Yes, King Abe I of the American Empire.

but... but... he fought to free the slaves!  He's fights fo' freedumb!

Sat, 04/20/2013 - 12:06 | 3477074 Pool Shark
Pool Shark's picture

 

 

Not saying Reagan was perfect, but those of us old enough to remember it well will recall he was dealing with a Democratically-controlled Congress who declared his budgets "dead on arrival."

The Dems even went so far one year as to rush Reagan's budget to the Capitol in an ambulance where they had a mock-doctor examine it and declare it DOA.

 

[P.S. he added $2 trillion in debt over 8 years; we won the cold war, and the country emerged from the 'double-dip' recession into the growth of the 90's. Obama has added over $6 trillion in debt over 4 years, and we're still mired in recession.]

Sat, 04/20/2013 - 12:32 | 3477103 Shell Game
Shell Game's picture

To give Reagan some benefit of the doubt, he did try to go back to the gold standard. Volker talked him out of it. But Reagan was complicit in the $Trillion print-fest that began the endgame of the Federal Reserve system and those who loot by way of it.

 

Edit:  @poolshark - Reagan is an excellent example of how a good man can never reform a system under dishonest money.  Debt-backd fiat can ONLY result in a corrupt society and system.

Sat, 04/20/2013 - 12:43 | 3477208 Ms. Erable
Ms. Erable's picture

I'm of the opinion that it was Hinckley's bullet that dissuaded him from pursuing a return to the gold standard.

Sat, 04/20/2013 - 13:12 | 3477294 toys for tits
toys for tits's picture

One more Reagan comment.  His leadership regarding the strategic defense initiative, while expensive, is what today's missile interception technology is based on.

Imagine if Kim Jung Un threats carried some weight because his missiles couldn't be shot down.

Sat, 04/20/2013 - 15:11 | 3477726 dizzyfingers
dizzyfingers's picture

"One more Reagan comment.  His leadership regarding the strategic defense initiative, while expensive, is what today's missile interception technology is based on." 

https://en.wikipedia.org/wiki/Iron_Dome

 

 

Sat, 04/20/2013 - 18:41 | 3478401 Uncle Remus
Uncle Remus's picture

ICBM's Beavis, not home-brew bottle rockets from Gaza.

Sat, 04/20/2013 - 20:49 | 3478764 Kprime
Kprime's picture

pie in the sky dreams on a pressure cooker budget.

Wed, 04/24/2013 - 20:01 | 3495291 Ctrl_P
Ctrl_P's picture

Careful...

 

Those pressure cookers can blow up in your face quite easily.

Sun, 04/21/2013 - 00:25 | 3479409 Overfed
Overfed's picture

I think that bullet dissuaded him from doing a lot of good things.

Sat, 04/20/2013 - 12:55 | 3477247 dick cheneys ghost
dick cheneys ghost's picture

The cold was always a war against the '3rd world' and it never ended, just re-branded. There was no peace dividend.

Ike warned us in 1961

Sat, 04/20/2013 - 13:01 | 3477269 Shell Game
Shell Game's picture

And to the claim of 'winning' the Cold War.  Has there ever been an Empire that hasn't collapsed itself from within?  Noboby, no ideology, no external force has destroyed us - that honor falls square on the control freaks, criminals and a political system bought and paid for by MSM opiates and fiat heroin.

Sat, 04/20/2013 - 13:17 | 3477298 Poetic injustice
Poetic injustice's picture

Technically couple of empires were conquered, like Byzantine empire.
But there was a lot of infighting before, which helped collapse.
If they would get couple more capable emperors, they may very well survive few hundreds years more.

Sat, 04/20/2013 - 13:24 | 3477322 11b40
11b40's picture

Reagan the politician was a creation of and shill for G.E. starting in the 1950's.

Sat, 04/20/2013 - 11:08 | 3476930 goldstandard
goldstandard's picture

The Boston manhunt is over, but some believe that there was other motivation behind the bombings. This video was posted by a US Army Colonel on April the 17th and sure as hell raises some very interesting questions as to motivation. Take a listen.....http://www.youtube.com/watch?v=IXAaRKg37dY

Sat, 04/20/2013 - 11:46 | 3477044 Confused
Confused's picture

I'm skeptical of this whole thing by nature. However, this video raises zero questions, and provides nothing new that people reading this site haven't already thought of. 

Alex Jones becomes more and more of a character everyday. Its like MTV for an alternative crowd. 

 

For the record, I didn't junk you. Thanks for sharing the link. 

Sat, 04/20/2013 - 12:05 | 3477100 Kirk2NCC1701
Kirk2NCC1701's picture

The 'factions' at odds in the Gov are the hawks and doves. The hawks want this scenario played out, as it ruggedizes the system against DT (Domestic Terrorism) at the expense of a few lives, but will save hundreds or thousands in the future. The doves don't want ANY lives lost now.

The Feds had 'played' these guys, with the help if the Russian FSB. I elaborated on this in a post last night.

The POTUS is the one who has to make the gutsy call. The way Churchill did with the bombing of Coventry, and Truman did with Nagasaki and Hiroshima. Tough call to make. Sign of the times.

Sat, 04/20/2013 - 12:30 | 3477176 TeamDepends
TeamDepends's picture

POTUS is TOLD what call to make by Valerie Jarett and others whom you will never see.

Sat, 04/20/2013 - 13:21 | 3477303 Buckaroo Banzai
Buckaroo Banzai's picture

No, you are confused. "hawks and doves"?? Really??

There could be as many as half a dozens factions struggling for control right now. Do you understand just how gigantic our federal government is? There are over a dozen different intelligence agencies, many flavors of federal police (ATF, FBI, CIA, Secret Service, DEA, etc), dozens of private contractor operations (Chris Kyle had one, how did his assassination fit in?), four branches of he military, dozens of cabinet departments with their own agendas (HUD alone is a slush fund throwing off hundreds of billions worth of corruption)... Not to mention foreign powers like the Russians and Chinese, for whom Obama and the Communist Chicago crowd is almost certainly an agent. And forget about the financial interests, federal reserve, giant defense corporations, etc etc etc.

wake up! Shit is getting real.

Sat, 04/20/2013 - 13:22 | 3477281 Buckaroo Banzai
Buckaroo Banzai's picture

Good video. I completely agree with his take: they had a right-wing, Timothy McVeigh type patsy lined up and in custody, alerted the media, and then aborted at the last second because their story was clearly not going to square up with the massive amount of picture and video information that was "in the wild". Since the media looks stupid most of the time, it was easy to blame them for the confusion.

Now the next question is: how do the Chechens fit in? Were they the actual perpetrators, or were they the "backup patsies", if you will?

Wheels within wheels.

Sat, 04/20/2013 - 14:01 | 3477446 Renewable Life
Renewable Life's picture

Interesting point! But I never heard they had a "redneck" rounded up! I did see they had a Saudi kid and his track coach in the crosshairs, but mysteriously that felll thru and the kid was whisked away!

I think your point about the size of our Gov and how the dozens of billion dollar departments, could definitely be waring amongst each other at this point, is spot on!! Very little will make sense going forward I suspect!

I do know that there will be a "tea party" terrorist event very soon, and this will usher in a new era of domestic chaos, as the government employees make their push to destroy any obstacles that might stand in the way of unlimited funding of their salaries, pensions, and perks! The sequester was a wake up call for them, and they will certainly fight back against any group or ideology that doesn't provide unlimited spending on their agendas!!

Sat, 04/20/2013 - 21:05 | 3478808 Milestones
Milestones's picture

Gold, I posted this earlier today on the 100 years of government controlling the economy:

 



Vote up!

7
Vote down!

0

We had a police action on a much smaller scale in  the rather rural community which I live (appx 20,000 people max.). 50- 60 cops (including a 10 man roughly S.W.A.T) group dressed out in military uniforms, including steel Pots(helments) for the non soldier citizens--and at least 2 carting 12 gauge shotguns which were used at least 8 times as they never policed their brass and I have those shells. Callled "Barracade Projectiles" with the number #230OC stamped on them. The offence for this criminal was alleged domestic violence!! A large portion of the town was shut down like Boston----and this happened just 3 weeks ago. And  now the stranger than fiction-- as the wife was not under his control told police he did not have a gun. His threating weopen-- drum roll please--a Box Cutter.

Mass. you got to outlaw those mighty weopens as shotguns and automatic weopens are no match for a box cutter.

A start of a pattern? Overwhelming use of force to impress upon the public who is in charge? Impressing the public that uprising are not possible? We have apparantly come a long way baby on the potention road to serfdom.         Milestones 

Sat, 04/20/2013 - 11:08 | 3476933 butchee
butchee's picture

Good thing defense is such a minor percentage of the budget at over $650 billion.  Get out there and break some moar windows you deadbeats!

Sat, 04/20/2013 - 11:23 | 3476957 JustObserving
JustObserving's picture

Real US Defense Spending is about $1 trillion per year.  The following reference explains and provides detailed spending:

While everyone knows that the defense budget is large -- even in the numbers that the public sees as the formally admitted figures by the Department of Defense -- the truth is that when one scratches beneath the bureaucratic veneer, national security spending is much larger, nearly double the amount US citizens are told.

http://www.theatlantic.com/politics/archive/2012/02/the-real-defense-budget/253327/

Sat, 04/20/2013 - 11:31 | 3476994 kito
kito's picture

Yes...all of those billions in foreign aid flow right back to the military contractors..........

Sat, 04/20/2013 - 12:22 | 3477148 Papasmurf
Papasmurf's picture

Yes, exactly.  And years later we end up fighting a war against those we equipped.

Sat, 04/20/2013 - 12:48 | 3477221 RafterManFMJ
RafterManFMJ's picture

Oh, I see how it works! Everybody is winner!!

Sun, 04/21/2013 - 17:53 | 3481415 neidermeyer
neidermeyer's picture

http://www.youtube.com/watch?v=J-GkwIRbLw8

 

Everyones a Winner ...

Sat, 04/20/2013 - 14:30 | 3477547 css1971
css1971's picture

Or against freedom fighters they are suppressing.

Sat, 04/20/2013 - 11:40 | 3477028 koaj
koaj's picture

What portion of that 1T is actually defense...and not offense, empire building, democracy spreading by the global force for good?

Sat, 04/20/2013 - 20:53 | 3478777 Kprime
Kprime's picture

base on the general 80/20 rule, uuuuuuh, 20 percent or less.

Sat, 04/20/2013 - 12:15 | 3477129 Kirk2NCC1701
Kirk2NCC1701's picture

War isn't just 'good business'. It's a racket.

That's what you get when Big Biz and Big Banks have sex with Big Gov. A no holes barred affair. An unpleasant metaphor, but nothing when compared with what they do to the world.

Sat, 04/20/2013 - 12:18 | 3477141 Bearwagon
Bearwagon's picture

+1 War is a racket!

Sat, 04/20/2013 - 11:10 | 3476937 lunaticfringe
lunaticfringe's picture

The Iron Rule of the Oligarchy is simply doing what it has always done. All of this was quite predictable and in fact it was- in a much larger sense.  http://en.wikipedia.org/wiki/Iron_law_of_oligarchy

Sat, 04/20/2013 - 11:16 | 3476956 krispkritter
krispkritter's picture

Brought to you by your friendly neighborhood, er, Brotherhood, of the FED(Fucking Evil Doers, Fiscally Eviscerating Douchebags, etc.)

Sat, 04/20/2013 - 12:50 | 3477226 WillyGroper
WillyGroper's picture

+20

Sat, 04/20/2013 - 11:23 | 3476974 venturen
venturen's picture

Good thing deficits don't matter

Sat, 04/20/2013 - 11:31 | 3476975 earleflorida
earleflorida's picture

dear children?-- if by chance you find your parents suspicious of clandestine motives... or for that matter any and all relatives there is hope for their temporal psychotic atrophy?-- please do not hesitate to call 'Homeland Security' and feel free to talk openly and frankly to our, Big Brother's and Big Sister's, 24/7/365...

all calls are held in strick confidentiality, and archived permanently, yours truly room 101

c/c  eric arthur blair [GO]d?   

http://en.wikipedia.org/wiki/Homeland_Security_Act

that is all...

Sat, 04/20/2013 - 13:26 | 3477337 IridiumRebel
IridiumRebel's picture

Napadildo has your back.

Sat, 04/20/2013 - 11:34 | 3477008 robochess
robochess's picture

We spend money on welfare?

Sat, 04/20/2013 - 20:55 | 3478781 Kprime
Kprime's picture

who knew?

Sat, 04/20/2013 - 11:42 | 3477015 NoDebt
NoDebt's picture

'Providing for the general welfare' takes on a whole new meaning in today's United States.

Sat, 04/20/2013 - 11:41 | 3477027 DoChenRollingBearing
DoChenRollingBearing's picture

Alex, I'll take Big Numbers for $1000.

"What is $720 billion dollars?"

 

http://tinyurl.com/chk6s7l

Sat, 04/20/2013 - 11:42 | 3477032 goldstandard
goldstandard's picture

Billons spent on Fatherland security and we still get nailed by home grown terrorists. Americans refuse to be terrorized.

They'll allow themselves to be lied to by government,
Robbed by big banks,
Poisoned by reckless industry,
Misled by Main Stream Media,
Distracted by social networking,
Denied by insurance companies,
Refused medical services by doctors,
Vilified by the 'faithful'
Pre-judged for their skin color
Divided by politicians, and
Hypnotized by Hollywood.
But terrorized, . . . no way.

"Those who give up essential liberty for a little temporary safety deserve neither liberty nor safety."  Benjamin Franklin one of our Hard-Drinking, Pot-Smoking Terrorist to the Crown Founding Fathers..

Sat, 04/20/2013 - 11:51 | 3477060 reader2010
reader2010's picture

because they love the handouts.

Sat, 04/20/2013 - 12:35 | 3477186 Stuck on Zero
Stuck on Zero's picture

Quiz for you:

Who is the terrorist?

A) A group that spends $100 on a bomb and blows up a few people.

B) A group that spends $1000B of your money to defend against A, destroys the Constitution, kills hundreds of thousands, destroys millions of jobs, and enriches bankers.

 

Sat, 04/20/2013 - 12:52 | 3477235 RafterManFMJ
RafterManFMJ's picture

Hey I live 600 miles from Boston and I've stayed inside since the bombing.  Think I'm over-reacting? What if these guys put a pressure cooker onto a Scud? It could have been lights out!! So, remember do as your .gov says, allow them into your house to fistfuck you with a warrentless search, all in the name of safety.

Sat, 04/20/2013 - 13:23 | 3477323 Buckaroo Banzai
Buckaroo Banzai's picture

There's plenty of good reasons to stay out of Massachusetts that don't have a thing to do with bombs.

Sat, 04/20/2013 - 19:40 | 3478520 RafterManFMJ
RafterManFMJ's picture

Hey Buckaroo, stop posting and get to work on a sequel.

Sat, 04/20/2013 - 11:46 | 3477041 fonzannoon
fonzannoon's picture

I wonder how many bostonion's are out buying a shotgun today now that the cops told them it's safe to come out from under their couch.

Sat, 04/20/2013 - 11:49 | 3477054 jbvtme
jbvtme's picture

the ruminants are grazing on the boston common

Sat, 04/20/2013 - 12:15 | 3477130 Urban Redneck
Urban Redneck's picture

What they're not sold out in MA?  That figures.

Sat, 04/20/2013 - 11:48 | 3477052 e-recep
e-recep's picture

all your GDP are belong to us.

Sat, 04/20/2013 - 11:53 | 3477063 Investor-1
Investor-1's picture

This kind of government spending will take down the financial system as we know it. I seek refuge in gold

Sat, 04/20/2013 - 11:58 | 3477076 Bearwagon
Bearwagon's picture

I am from your friendly godfatherhood, and I am here to help you throw over your government.

Sat, 04/20/2013 - 12:00 | 3477083 smacker
smacker's picture

This seems like a convenient moment to post this:

-------------------------------------------------------------------------------

A matter of time...

"A democracy cannot exist as a permanent form of government.
It can only exist until the voters discover that they can vote
themselves largesse from the public treasury.

From that moment on, the majority always votes for the candidates
promising the most benefits from the public treasury, with the result
that a democracy always collapses over loose fiscal policy, always
followed by a dictatorship...

The average of the world's greatest civilisations has been two
hundred years. These nations have progressed through this sequence:-
From bondage to spiritual faith; from spiritual faith to great
courage; from courage to liberty; from liberty to abundance;
from abundance to complacency; from complacency to apathy;
from apathy to dependence; from dependence back to bondage."

--Alexander Fraser Tytler (1747-1813)--

-------------------------------------------------------------------------------

Are we getting there?

Sat, 04/20/2013 - 12:06 | 3477099 Bearwagon
Bearwagon's picture

No, we are getting even beyond.

Sat, 04/20/2013 - 12:08 | 3477104 Stockmonger
Stockmonger's picture

Bondage straight ahead.

Sat, 04/20/2013 - 12:49 | 3477228 krispkritter
krispkritter's picture

Can you buy furred handcuffs with an EBT card?

Sat, 04/20/2013 - 13:17 | 3477299 e-recep
e-recep's picture

indeed. cypriots showed apathy, bostonians showed complacency. bondage should not be too far away.

Sat, 04/20/2013 - 13:40 | 3477373 Anusocracy
Anusocracy's picture

That's not the only dynamic in play.

The majority can also vote to take your property, your freedom, and your life.

Only an abject moron could support such a thing as government.

Sat, 04/20/2013 - 15:15 | 3477747 smacker
smacker's picture

 

I think that dynamic is included in the dictatorship that emerges after the political filth have been given far too much power/control and most importantly: access to the treasury, which they abuse and steal from until it's bankrupt and destroyed.

As you say "only an abject moron could support such a thing as government".

Sadly, there are many abject morons in every society, all keen to sell their freedoms and independence to a criminal government.

Sat, 04/20/2013 - 12:01 | 3477086 ArsoN
ArsoN's picture

% numbers would be even higher if you were to strip out nonsense imputed transactions...

Sat, 04/20/2013 - 12:14 | 3477121 Ignatius
Ignatius's picture

Corporations have by and large taken over government, so the government 'take over' is a corporate take over.  I think it's an important distinction to keep in mind.

Sat, 04/20/2013 - 16:18 | 3478023 PKF
PKF's picture

Yes, our 'representatives' are merely Political Minions doing as The Corporatists tell them. 

Please don't eat the Corn!

Sat, 04/20/2013 - 12:24 | 3477155 polo007
Sat, 04/20/2013 - 14:25 | 3477539 css1971
css1971's picture

We know, we know. We've hit the debt limit.

Sat, 04/20/2013 - 12:26 | 3477159 moneybots
moneybots's picture

"It's suicide if we don't keep them (rates) low."

 

It is suicide if we do.  Math always catches up.

Sat, 04/20/2013 - 12:27 | 3477164 polo007
polo007's picture

According to Citi Research:

Summary

We are generally very hesitant to pay much attention to moves in the gold market. However, when large moves in this market are relatively coincident with large moves in TIPS breakeven levels – it bears watching. We think that this may be a symptom of a Fed that is appearing more likely to begin tapering QE earlier into the recovery than was previously expected – even if the initial Fed Funds hike date remains well in the future. We are positioned in Treasury curve steepeners to take advantage of this view.

 

Sat, 04/20/2013 - 12:55 | 3477248 WillyGroper
WillyGroper's picture

I'd say the modern day gold rush is having an unexpected consequence.

Loss of confidence perhaps?

Sat, 04/20/2013 - 12:30 | 3477172 moneybots
moneybots's picture

A matter of time...

"A democracy cannot exist as a permanent form of government.
It can only exist until the voters discover that they can vote
themselves largesse from the public treasury."

 

What form of government has been a PERMANENT form of government?  The law of cycles brings everything down eventually.

Sat, 04/20/2013 - 12:53 | 3477240 mick_richfield
mick_richfield's picture

The next form of government will be none at all.

Sat, 04/20/2013 - 12:31 | 3477174 RKDS
RKDS's picture

Article is mistitled; try "100 Years of Bankers' Takeover of the Government" instead.

Sat, 04/20/2013 - 14:04 | 3477459 Anusocracy
Anusocracy's picture

How about: "10,000 Years of a Mechanism of Theft, Death, and Destruction Available to Various Factions" ?

Sat, 04/20/2013 - 12:34 | 3477189 luckylongshot
luckylongshot's picture

This story unfortunately overlooks the group that really has taken control. Vitali, Glattfelder and Battiston (2011) were able to prove a single entity has managed to gain control of 80% of the world's wealth and yet,as this group clearly controls the media, we get fed stories like this identifying Government as the badguys. There are much worse parasites draining the life out of us than politiicians...private bankers. 

Sat, 04/20/2013 - 12:54 | 3477242 dark pools of soros
dark pools of soros's picture

JFK talked about it pretty clearly

I guess they advanced their agenda a bit since then eh?

Sat, 04/20/2013 - 13:25 | 3477335 Buckaroo Banzai
Buckaroo Banzai's picture

He paid with his life in order to warn us. Was it a wasted sacrifice? Sure hope not.

Sat, 04/20/2013 - 14:08 | 3477470 Anusocracy
Anusocracy's picture

Please explain to me how all of this could occur without the existence of government.

 

Sat, 04/20/2013 - 12:37 | 3477194 Edward Fiatski
Edward Fiatski's picture

Page 46, SECTION 6 - SUBSTITUTES FOR THE FUNCTIONS OF WAR

"ECONOMIC  

Economic surrogates for war must meet two principal criteria. They must be "wasteful," in the common sense of the word, and they must operate outside the normal supply-demand system. A corollary that should be obvious is that the magnitude of the waste must be sufficient to meet the needs of a particular society. An economy as advanced and complex as our own requires the planned average annual destruction of not less than 10 percent of gross national product if it is effectively to fulfill its stabilizing function. When the mass of a balance wheel is inadequate to the power it is intended to control, its effect can be self- defeating, as with a runaway locomotive. The analogy, though crude, is especially apt for the American economy, as our record of cyclical depressions shows. All have taken place during periods of grossly inadequate military spending.

Those few economic conversion programs which by implication acknowledge the nonmilitary economic function of war (at least to some extent) tend to assume that so-called social-welfare expenditures will fill the vacuum created by the disappearance of military spending. When one considers the backlog of un- finished business---proposed but still unexecuted---in this field, the assumption seems plausible. Let us examine briefly the following list, which is more or less typical of general social welfare programs.

HEALTH. Drastic expansion of medical research, education, and training facilities; hospital and clinic construction; the general objective of complete government-guaranteed health care for all, at a level consistent with current developments in medical technology.

EDUCATION. The equivalent of the foregoing in teacher training; schools and libraries; the drastic upgrading of standards, with the general objective of making available for all an attainable educational goal equivalent to what is now considered a professional degree.

HOUSING. Clean, comfortable, safe, and spacious living space for all, at the level now enjoyed by about 15 percent of the population in this country (less in most others).

TRANSPORTATION. The establishment of a system of mass public transportation making it possible for all to travel to and from areas of work and recreation quickly, comfortably, and conveniently, and to travel privately for pleasure rather than necessity.

PHYSICAL ENVIRONMENT. The development and protection of water supplies, forests, parks, and other natural resources; the elimination of chemical and bacterial contaminants from air, water, and soil.

This is only a sampler of the more obvious domestic social welfare items, and we have listed it in a deliberately broad, perhaps extravagant, manner. In the past, such a vague and ambitious-sounding "program" would have been dismissed out of hand, without serious consideration; it would clearly have been, prima facie, far too costly, quite apart from its political implications. Our objective to it, on the other hand, could hardly be more contradictory. As an economic substitute for war, it is inadequate because it would be far too cheap.
If this seems paradoxical, it must be remembered that up to now all proposed social-welfare expenditures have had to be measured within the war economy, not as a replacement for it. The old slogan about a battleship or an ICBM 
costing as much as x hospitals or y schools or z homes takes on a very different meaning if there are to be more battleships or ICBM's."

--

"Report from Iron Mountain", 1967, New York

Sat, 04/20/2013 - 12:45 | 3477207 Edward Fiatski
Edward Fiatski's picture

The following is the rationale leading up-to the above conclusions,

 Page 33, SECTION 5 - THE FUNCTIONS OF WAR 

"As we have indicated, the preeminence of the concept of war as the principal organizing force in most societies has been insufficiently appreciated. This is also true of its extensive effects throughout the many nonmilitary activities of society. These effects are less apparent in complex industrial societies like our own than in primitive cultures, the activities of which can be more easily and fully comprehended.

We propose in this section to examine these nonmilitary, implied, and usually invisible functions of war, to the extent that they bear on the problems of transition to peace for our society. The military, or ostensible, function of the war system requires no elaboration; it serves simply to defend or advance the "national interest" by means of organized violence. It is often necessary for a national military establishment to create a need for its unique powers--to maintain the franchise, so to speak. And a healthy military apparatus requires "exercise," by whatever rationale seems expedient, to prevent its atrophy.

The nonmilitary functions of the war system are more basic. They exist not merely to justify themselves but to serve broader social purposes. If and when war is eliminated, the military functions it has served will end with it. But its nonmilitary functions will not. It is essential, therefore, that we understand their significance before we can reasonably expect to evaluate whatever institutions may be proposed to replace them.

ECONOMIC

The production of weapons of mass destruction has always been associated with economic "waste." The term is pejorative, since it implies a failure of function. But no human activity can properly be considered wasteful if it achieves its contextual objective. The phrase "wasteful but necessary," applied not only to war expenditures but to most of the "unproductive" commercial activities of our society, is a contradiction in terms. "...The attacks that have since the time of Samuel's criticism of King Saul been leveled against military expenditures as waste may well have concealed or misunderstood the point that some kinds of waste may have a larger social utility."

In the case of military "waste," there is indeed a larger social utility. It derives from the fact that the "wastefulness" of war production is exercised entirely outside the framework of the economy of supply and demand. As such, it provides the only critically large segment of the total economy that is subject to complete and arbitrary central control. If modern industrial societies can be defined as those which have developed the capacity to produce more than is required for their economic survival (regardless of the equities of distribution of goods within them), military spending can be said to furnish the only balance wheel with sufficient inertia to stabilize the advance of their economies. The fact that war is "wasteful" is what enables it to serve this function. And the faster the economy advances, the heavier this balance wheel must be.

This function is often viewed, oversimply, as a device for the control of surpluses. One writer on the subject puts it this way: "Why is war so wonderful? Because it creates artificial demand...the only kind of artificial demand, moreover, that does not raise any political issues: war, and only war, solves the problem of inventory." The reference here is to shooting war, but it applies equally to the general war economy as well. "It is generally agreed," concludes, more cautiously, the report of a panel set up by the U.S. Arms Control and Disarmament Agency, "that the greatly expanded public sector since World War II, resulting from heavy defense expenditures, has provided additional protection against depressions, since this sector is not responsive to con- traction in the private sector and has provided a sort of buffer or balance wheel in the economy."

The principal economic function of war, in our view, is that it provides just such a flywheel. It is not to be confused in function with the various forms of fiscal control, none of which directly engages vast numbers of control, none of which directly engages vast numbers of men and units of production. It is not to be confused with massive government expenditures in social welfare programs; once initiated, such programs normally become integral parts of the general economy and are no longer subject to arbitrary control.

But even in the context of the general civilian economy war cannot be considered wholly "wasteful." Without a long-established war economy, and without its frequent eruption into large-scale shooting war, most of the major industrial advances known to history, beginning with the development of iron, could never have taken place. Weapons technology structures the economy. According to the writer cited above, "Nothing is more ironic or revealing about our society than the fact that hugely destructive war is a very progressive force in it. ... War production is progressive because it is production that would not otherwise have taken place. (It is not so widely appreciated, for example, that the civilian standard of living rose during World War II.)" This is not "ironic or revealing," but essentially a simple statement of fact.

It should also be noted that the war production has a dependably stimulating effect outside itself. Far from constituting a "wasteful" drain on the economy, war spending, considered pragmatically, has been a consistently positive factor in the rise of gross national product and of individual productivity. A former Secretary of the Army has carefully phrased it for public consumption thus: "If there is, as I suspect there is, a direct relation between the stimulus of large defense spending and a substantially increased rate of growth of gross national product, it quite simply follows that defense spending per se might be countenanced on economic grounds alone [emphasis added] as a stimulator of the national metabolism." Actually, the fundamental nonmilitary utility of war in the economy is far more widely acknowledged than the scarcity of such affirmations as that quoted above would suggest.

 
But negatively phrased public recognitions of the importance of war to the general economy abound. The most familiar example is the effect of "peace threats" on the stock market, e.g., "Wall Street was shaken yesterday by news of an apparent peace feeler from North Vietnam, but swiftly recovered its composure after about an hour of sometimes indiscriminate selling." Savings banks solicit deposits with similar cautionary slogans, e.g., "If peace breaks out, will you be ready for it?" A more subtle case in point was the recent refusal of the Department of Defense to permit the West German government to substitute nonmilitary goods for unwanted armaments in its purchase commitments from the United States; the decisive consideration was that the German purchases should not affect the general (nonmilitary) economy. Other incidental examples are to be found in the pressures brought to bear on the Department when it announces plans to close down an obsolete facility (as a "wasteful" form of "waste"). and in the usual coordination of stepped-up military activities (as in Vietnam in 1965) with dangerously rising unemployment rates.

Although we do not imply that a substitute for war in the economy cannot be devised, no combination of techniques for controlling employment, production, and consumption has yet been tested that can remotely compare to it in effectiveness. It is, and has been, the essential economic stabilizer of modern societies."

Sat, 04/20/2013 - 12:49 | 3477222 Edward Fiatski
Edward Fiatski's picture

To sum it up: Any build up of surpluses in almost any civilisation inevitably leads to war, hence, the wasteful social welfare programs are viewed as its substitute - a mere 10% of GDP down the toilet in order to secure a future without any (major) war(s).

Seems to be working in Europe.

Until it doesn't.

Sat, 04/20/2013 - 12:49 | 3477225 Bearwagon
Bearwagon's picture

Okay, it's still important, but not any news. Why do you think crewed spaceflight (and I don't count orbital cargo delivery as such) ended so abruptly? But maybe you are right, and it's time for a reminder.

Sat, 04/20/2013 - 13:05 | 3477231 Edward Fiatski
Edward Fiatski's picture

Because One World Order comes before any tangible crewed space exploration ala Star Trek.

It's inherent in the design of this Universe, it would seem.

If you're implying that space exploration is wasteful in the sense of resources, and that it would be a substitute for war - I guess it was deemed to be unfit due to the vast majority of peasants not being able to dream on that High of a Level, meaning, you can't control people with such Noble of Noblest of Dreams.

Sat, 04/20/2013 - 12:43 | 3477204 dark pools of soros
dark pools of soros's picture

ha.. government spending on defense IS corporate welfare!!  need to include it..   everyone acts like we are being sieged on a weekly basis and need to keep funding the charade

 

Sat, 04/20/2013 - 12:46 | 3477211 Scro
Sat, 04/20/2013 - 12:48 | 3477220 pudding
pudding's picture

Smell like comunist snaps in

Sat, 04/20/2013 - 12:59 | 3477262 midtowng
midtowng's picture

Why is defense spending excluded, and what constitutes "welfare" on this graph?

Sat, 04/20/2013 - 12:59 | 3477264 egoist
egoist's picture
Sat, 04/20/2013 - 13:05 | 3477277 Oldballplayer
Oldballplayer's picture

Parasites, bitchez.

Sat, 04/20/2013 - 13:41 | 3477376 fiftybagger
fiftybagger's picture

BITCoin BITChez.  Deficit spend that.  I dare you ;-)

The Bitcoin Channel

Sat, 04/20/2013 - 14:36 | 3477578 Radical Marijuana
Radical Marijuana's picture

We need to break through the looking glass with respect to all these issues!

We live in a Bizarro Mirror World, where everything we see appears backwards to the way it actually is.

Therefore, we need to profoundly change our political paradigms with respect to all issues, such as raised in this article.

The world is made out of the dynamic equilibria of different systems of organized lies, operating organized robberies.

The paradoxical problems we primarily face today are that the powers of governments to rob, and to kill to back up their power to rob, have effectively been more than 99% privatized.

There is no way to fix that problem, but to go with it and through it!

We should start looking at all our political problems in ways which are backwards to what we used to do, because everything we perceive IS based on seeing things backwards to the ways that they really are.

That problem continues on through the most basic levels of the philosophy of science. That is important because progress, via paradigm changes in other sciences, have made our technologies become trillions of times more powerful. HOWEVER, our political science is almost totally still dominated by the biggest bullies' bullshit, which is all as backwards as it can possibly be to what is really happening.

The Century of the government take over of the economy has been directed by, and primarily benefitted, privatized interests, which have covertly taken over the government itself.

There is no doubt that we have seen "government" take over of the economy since 1913, through the Federal Reserve Board, and the Income Tax. HOWEVER, those were both the result of the application of the methods of organized crime, working covertly to take over the government, in order to PRIVATIZE the powers of government!

Again, we need to go with the flow of energy, because there is nothing else we can actually do! We almost totally understand energy systems backwards, on every level, because out basic concept of entropy is backwards.

We are understanding the organized systems of robbery operating through governments in profoundly backwards ways. The only genuine solutions must be based on first understanding we are looking at a Bizarro Mirror World in the mass media, and school systems, etc.!

Thus, I repeat, we NEED to go through that looking glass, rather than continue to steer backwards, because we fail to understand that everything we see in a mirror is backwards!

Sat, 04/20/2013 - 16:39 | 3478096 PKF
PKF's picture

The Corporation, as an entity, needs to be outlawed.  It is used only as a way to escape culpability and responsibility for its actions.  If a Corporation were indeed a 'person,' it would at some point DIE. 

It is the root of most problems.  Why not utilize a Co-op as a model for business?  Wouldn't this form resist the hierarchial problems and lessen the greed? 

I've never seen any use for a Corporation....unless of course one wants its soul sucked dry.

Sat, 04/20/2013 - 15:21 | 3477630 dizzyfingers
dizzyfingers's picture

http://cafrman.com/index.html

Put All of the Money on the Table

Our government does not have a shortage of money. Contrary to what we are being told the government has more than enough money if all of the money earned was put on the table. We are told that we are 16 trillion dollars in debt and that we had a budget deficit of over 1.3 trillion dollars last year. What we are not being told is that the government earns trillions every year that is not being used to fund our government. This money taken off the table and is hidden in secret accounts.

The Federal Budget discloses the amount of money that Congress is willing to allocate to cover the cost of doing business, but it does not disclose how much money the government generates from all other sources. The solution is not to raise taxes or to cut services, the solution is to report all of the government's income and put all of that money on the table. Last year the government claims that they had a budget deficit of approximately 1.3 trillion dollars. If all of the government's revenue were disclosed we would discover that last year we had a surplus of nearly 3.7 trillion dollars. If Congress gave everyone a tax refund equal to what they paid the IRS last year we would still have a surplus of well over a trillion dollars. Do you think that by returning the surplus to the American people would jump start the economy? Do you think that it would stimulate employment? Do you think it would restore prosperity to America? This simple solution will not even be considered by the criminals that reign on Capitol Hill, unless we the people demand it. To verify what I have written is true, watch the following video and go to the following websites. The Comprehensive Annual Financial Reports
http://www.youtube.com/watch?v=1pRPBKJQnyU& The Websites for the CAFR
http://www/cafrman.com
http://www.cafr1.com
Sat, 04/20/2013 - 16:17 | 3478026 hooligan2009
hooligan2009's picture

even if these claims are true..it is NOT THEIR MONEY..it belongs to the people who are overpaying taxes. i find it difficult to comprehend the scale of the conspiracy you are suggesting.

how could anyone who knew this not use the information in a poltical campaign? why aren't there any "whistle blowers"? where is it invested/held?

 

Sat, 04/20/2013 - 15:56 | 3477938 Hacksaw
Hacksaw's picture

At the end of WWII the rich bastards realized that the US was the only economy left in the world that had the potential to produce the things the rest of the world needed and more importantly had the where with all to buy stuff produced by the emerging economies when that time came. They also understood that there would need to be a safety net for the average joe before they started moving production out of the US because folks with no means to feed, clothe, or house themselves tend to go in for revolution.

The rich bastards came up with a brilliant plan, through their puppets in the government they instituted this plan of a social safety net that had the average joes paying for it themselves through taxation. Food stamps to provide food, subsidized housing, and the grand daddy of them all, social security that made sure the elderly and disabled had an income.

Then the rich bastards through their stooges in the media and entertainment industry sold the myths of the American dream and you have to have a job. They enticed the joes to leave the farm where they were pretty much self sufficient. The joes moved into cities, got jobs, lived stacked on top of one another, and consumed all the crap that the rich bastards were getting wealthy from the arbitrage between production cost and retail price.

Eventually that spread tightened to the point that the rich bastards decided to take their game to China. Don't look for anything to change, the rich bastards will never grow a conscience or lose their greed and the joes will never wake up, for as George Carlin so wisely said, "it's called the American dream because you have to be asleep to believe it". How quickly it became the Chinese dream.

Wake up folks we are being duped on a daily basis.

Sat, 04/20/2013 - 17:54 | 3478005 hooligan2009
hooligan2009's picture

ok..i may have got it wrong here..i thought that because the USA won both world wars, it became the dominant country and its currency was the only one left that was trusted by all other countries, since the losing countries (including britain and france plus smaller satellite countries) were pretty much destroyed. 

the US continued its hegemony in the free world (i.e. excluding the communist bloc of soviet satellites) by printing massive amounts of dollars and lending it to subservient countries, so that they could feed, heat and clothe themselves for the ten years after the end of the second world war, plus buy the plant and machinery necessary to rebuild infrastructure and factories.

were it not for the US, the "allies" would have starved or frozen to death.

so i am on the same page as you, i think..but..today...the US does not enjoy hegemony and it is printing dollars that the rest of the world doesn't want. it still carries a huge stick, so its nuclear gunboat diplomacy keeps its colonies of taiwan, south korea, germany and japan subservient with a military presence. but that is only for now.

i think it won't be too long before america is asked to leave its overseas colonies because the war finished almost 70 years ago and i detect more and more anti-americanism and pro-chinesism in each passing year; ranging from africa, through south america (but not india) and russia. which is s shame after the collapse of the soviet union opened a huge market that for whatever reason was left to fester in the hands of the russian mafia, despite the best efforts of its politicians, (including Putin).

what we are about to witness is the collapse of the chinese economy (because of famine and disease, combined with a realization that its health care provision cannot cope with pollution) and a resurgence in europe, which by now may have only one way to go (up). i see the measures being taken in europe not as austerity, but the elimination of waste in the public sector. 

the system in the US is instead avoiding the issue by in effect, nationalizing the labor market, the banks, housing and healthcare and believing it isn't; thus creating a communist state like the old soviet in all but name. 

anyways..just saying.

 

Sat, 04/20/2013 - 16:42 | 3478107 Atticus Finch
Atticus Finch's picture

It seems to me the Welfare card is a red herring; a canard. I see spending less defense, but the trillions spent on all the wars past and present are not included in Government spending. Even the Defense budget isn't the financial drain of the military. It at best is only a fourth of the actual defense budget, which includes all defense spending for nuclear, hospital administration and all the Intelligence departments. God knows what else is being hidden in secret budgets and funded through drug profiting and money laundering.

A country like Norway has the most extensive social safety net on the planet and yet runs a budget surplus. Blaming the US problems on a social safety net is b.s. that promotes the entitlement of transnational corporations, the military/industrial complex, and the greed of international banks.

The US is a lie and always has been.

Sat, 04/20/2013 - 20:06 | 3478603 monad
monad's picture

Define government. I'm thinking something this chartporn occludes.

Sat, 04/20/2013 - 21:29 | 3478887 mumbo_jumbo
mumbo_jumbo's picture

are you including corporate welfare in your pretty graph?

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