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Les Miserables

Tyler Durden's picture





 

Submitted by Mark Grant, author Out of the Box,

“If I speak, I am condemned.
 
If I stay silent, I am damned!”
 
                 -Victor Hugo, Les Misérables
 
It is a convoluted world. The money rolls in from the Fed, the ECB and various European funds where money is pledged by each country and put up by none. Pledges, contingent liabilities, guarantees of bank debt are not counted but have not vanished and show up when the bills are due decreasing the assets of everyone.
 
The newly printed money must find a home and so supports the sovereign debt yields while costing each European government more in the process. Austerity fails, unemployment rises, economies decline, more taxes are applied and the use of newly printed money is the only thing that separates us from some sort of financial chaos.
 
The differential between the European economies and the European markets increases and the actual losses increase. Securitizations pledged at the ECB are massive and chock full of bad Real Estate and commercial loans that are hidden and swept under the rug in Frankfurt. It is a dangerous business and a charade of the worst kind as no one has any real notion of the danger.
 
“If the soul is left in darkness sins will be committed. The guilty one is not he who commits the sin, but he who causes the darkness.”
 
                  -Victor Hugo, Les Misérables
 
France
The Official French GDP                          $2.638 trillion
 
FRANCE’S NATIONAL DEBT
Admitted Sovereign Debt                          $2.37 trillion
Loans to the Nation                              $214.9 billion
Admitted Bank Guaranteed Debt                    $479 billion
Dexia Guarantee                                  $ 55.48 billion
Total National Debt                              $3.119 trillion

FRANCE’S EUROPEAN DEBT
France’s Liabilities at the ECB                  $569 billion
France’s cost for the EU Budget                  $ 23.2 billion
France’s Liabilities for the Stabilization Funds $110 billion
France’s Liabilities for the Macro Fin Ass. Fund $203 billion
France’s Guarantee of the EIB Debt               $137.6 billion
France’s Total European Debt                     $1.043 trillion  
France’s National and European Debt              $4.162 trillion
France’s Official Debt to GDP Ratio                 90.2%
France’s ACTUAL Debt to GDP Ratio                   158%
 
I would say that Mr. Hollande has been a disaster for France. I state this not just based solely on economics but also upon their leadership in Europe. There was a time when Germany and France operated in some sort of tandem but now France has declined to a status where it gets the occasional nod from Berlin but that would be about the extent of it. It is now Germany and then everyone else in a pecking order designed and approved in Berlin where France ranks slightly ahead of Spain and Italy but not by much.
 
France, in fact, has joined their southern neighbors in both policy and adherence to the previously agreed upon guidelines. There is now only an admission of culpability and then the increase in debt, the extension of the debt to GDP ratios and the continual promises that it will all be better next year. This definition of “next year” will not be arriving however and so the economies worsen and the anguish of the deceit worsens the pain.

 

French confidence about the future is fading fast...

 
“Before him he saw two roads, both equally straight; but he did see two; and that terrified him--he who had never in his life known anything but one straight line. And, bitter anguish, these two roads were contradictory.”
 
                -Victor Hugo, Les Misérables
 
The only way that the actual financials do not matter is if nothing matters. If the flood of money created from nothing overshadows all economic principles, obscures all accountability, hides any semblance of meaning in the debts one owes to the assets one has then nothing is relevant any longer.
 
Print forever. Lies without end. Reality redefined.
 
I, however, am not a member of this congregation. I do not believe in these Rites. They day is forthcoming when the mask will be torn away and the light will illuminate the face of the denizen.
 
I just sit quietly and wait.
 
“Let us study things that are no more. It is necessary to understand them, if only to avoid them.”
 
             -Victor Hugo, Les Misérables

 


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Fri, 04/26/2013 - 08:24 | Link to Comment Aeternus
Fri, 04/26/2013 - 08:41 | Link to Comment willwork4food
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Oui, oui!... Voulez-vous acheter ma sœur mignon?

Fri, 04/26/2013 - 09:21 | Link to Comment samcontrol
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Elle est bien?

Prix?

Fri, 04/26/2013 - 10:22 | Link to Comment DaveyJones
DaveyJones's picture

that's the problem with "redefining reality"

we forget, she's the biggest dictionary

Fri, 04/26/2013 - 08:44 | Link to Comment negative rates
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If a man has a chance to save his soul or save his hide, he always chooses his hide.

Fri, 04/26/2013 - 09:10 | Link to Comment Jake88
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his soul is in no real danger.

Fri, 04/26/2013 - 10:55 | Link to Comment Squiddly Diddly
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Mark 8:34-37

34And calling the crowd to him with his disciples, he said to them, “If anyone would come after me, let him deny himself and take up his cross and follow me. 35For whoever would save his lifed will lose it, but whoever loses his life for my sake and the gospel’s will save it. 36For what does it profit a man to gain the whole world and forfeit his soul? 37For what can a man give in return for his soul?

Fri, 04/26/2013 - 09:34 | Link to Comment Jean Valjean
Jean Valjean's picture

I didn't. See my quote above.

Fri, 04/26/2013 - 10:23 | Link to Comment DaveyJones
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hide your soul to save your hide

Fri, 04/26/2013 - 10:37 | Link to Comment Freddie
Freddie's picture

Hope & Change.  The French marched against gay marriage and they were gassed by the police the other night.

Fri, 04/26/2013 - 08:25 | Link to Comment buzzsaw99
buzzsaw99's picture

Austerity never fails. It is meant to inflict misery and deprivation and that is exactly what it does every time. It is the goal of the kleptocrat billionaires and bankers that all but the 1/10 of 1% should live in abject poverty.

Fri, 04/26/2013 - 08:54 | Link to Comment YHC-FTSE
YHC-FTSE's picture

To them we're either cash cows to harvest, useful draft animals, or excess stock for the slaughter. I've been the first and second all my life and it looks like the bastards want me for the pot in the next world war. 

Fri, 04/26/2013 - 09:09 | Link to Comment williambanzai7
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Click image for excellent commentary by ZH Felak Pema...

LES BANKRUPT SLOB

Fri, 04/26/2013 - 09:20 | Link to Comment SamAdams
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Here is an interesting book:  http://www.jrbooksonline.com/PDF_Books/WallStreetCommieRevolution.pdf

Germany assisted the Bolsheviks to Russia, then the Bolsheviks assisted themselves to E. Germany.  The whole thing was primarily directed from a cozy spot at Broadway and Pine. 

Fri, 04/26/2013 - 09:47 | Link to Comment The Black Bishop
The Black Bishop's picture

Nice one :-)

Fri, 04/26/2013 - 10:22 | Link to Comment moneybots
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It isn't austerity that  never fails.  The boom causes the bust.  It is the boom that never fails to inflict misery and deprivation.  Cheap credit allowed great leverage.  People could buy a $150,000 house for $600,000 with zero down and a teaser rate ARM.  The investment banks leveraged to upwards of 30 to 1.  They all crashed, with the politically connected being bailed out.  Bear Stearns and Lehman got misery.

Fri, 04/26/2013 - 08:25 | Link to Comment Bearwagon
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"Before him he saw two roads." Those are both Cul-de-sacs!

Fri, 04/26/2013 - 08:28 | Link to Comment insanelysane
insanelysane's picture

I need to go on my Austerity Rant once again.

It isn't fucking austerity when you spend more than you bring in; aka deficit spending.

It isn't fucking austerity when you spend everything you; aka a balanced budget.

Austerity is when you fucking spend less than you bring in; aka spend some, save some.

I am not sure that any government on the planet is practicing austerity at the moment, even by accident.

Fri, 04/26/2013 - 08:27 | Link to Comment Bearwagon
Bearwagon's picture

They are practicing newspeek, and that's not by accident ...

Fri, 04/26/2013 - 08:46 | Link to Comment negative rates
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Daily cut backs on dry powder, IS austerity of the WORST kind.

Fri, 04/26/2013 - 08:46 | Link to Comment 10PastMidnight
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now insane you know austerity is dispenced to the people and not the gov. since our god like elected leaders could never be burdened with such a thing.

Fri, 04/26/2013 - 10:01 | Link to Comment Bastiat
Bastiat's picture

I can remember my mom reading me the Ant the Grasshopper when I was little.  It was one of my favorite stories.  Her familiy's farm carried 4 or 5 other families through the depression.  Sad thing was the depression wiped out most ants too as will this one.

Fri, 04/26/2013 - 10:29 | Link to Comment DaveyJones
DaveyJones's picture

It's Einstein's Austerity. It's not theirs, it's yours

Fri, 04/26/2013 - 08:28 | Link to Comment Antifederalist
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So, basically, we are fucked.

Fri, 04/26/2013 - 09:12 | Link to Comment Jake88
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welcome to the truth.

Fri, 04/26/2013 - 09:32 | Link to Comment SamAdams
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We are at a crossroads.  The US fiat dollar is imploding.  Which brand of Phoenix will rise from the ashes?  When money has no value, the government will lose control of its own military.  At the same time, outside wealthy sources will try to infiltrate and direct the new state.  Never underestimate those who create money out of thin air, our enemies are their friends.  Loyalty to a nation is not found within their creed.

Fri, 04/26/2013 - 09:48 | Link to Comment Bastiat
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More taxes will certainly stimulate economic activity: Obamacare tax, internet tax, local taxes. 

Fri, 04/26/2013 - 09:53 | Link to Comment JOYFUL
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That was an amazing paragraph...is there more?

I wouldn't mind if you expanded pon that!

Fri, 04/26/2013 - 11:42 | Link to Comment YHC-FTSE
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+1 Outside wealthy sources are already directing foreign policy, intelligence,  military and a large portion of the media too aren't they?  How else are we to interpret the utter shambles and outright lies since the Boston marathon with virtually no analysis or retraction of the events even after the law enforcement's version of a heavily armed duo proved completely false? Instead of outrage that they appear to have shot unarmed suspects, we are getting 24hrs a day of "chemical weapons" bullshit from Syria. That is complete control of the msm outlets, and it scares me a little that few outside know or care. 

Your penultimate sentence is intriguing and open to interpretation,  but if you are suggesting that Al Queda is a friend of tptb, then I agree. I always thought they were created by Western intelligence and there's more than enough credible evidence from former CIA chiefs and politicians to support that view.

Fri, 04/26/2013 - 11:58 | Link to Comment DaveyJones
DaveyJones's picture

the loyalty declines exponentially as these financial and corporate entities grow in size and strength. It was an innevitable chapter. Hard to say how it will end, except for the violence

Fri, 04/26/2013 - 08:28 | Link to Comment Marley
Fri, 04/26/2013 - 08:28 | Link to Comment Doug
Doug's picture

QE consumes 47 times its weight in excess reality.

Fri, 04/26/2013 - 08:52 | Link to Comment dontgoforit
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With a golden drop of retsin.

Fri, 04/26/2013 - 08:30 | Link to Comment observer007
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Big Brother Is Allready Watching You:

 

US secretly allowing Internet surveillance, monitoring Internet traffic

 

The federal government is already using a secretive cybersecurity program to monitor online traffic and enforce CISPA-like data sharing between Internet service providers and the Department of Defense.


http://homment.com/internet-surveillance

Fri, 04/26/2013 - 08:41 | Link to Comment TeamDepends
TeamDepends's picture

This should come as a surprise to absolutely no one who has their thinking cap on.  And those of you who are posting inflammatory things on Facebook are practically begging for a knock on the door.

Fri, 04/26/2013 - 08:47 | Link to Comment Melin
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Mustn't inflame the passions of the enforcers, eh?

Fri, 04/26/2013 - 08:58 | Link to Comment francis_sawyer
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If you see something, say something...

~~~

So if you see false flag operations & otherwise jackbootery by the DHS, & other alphabet soup agencies you're supposed to say something, Right?

Fri, 04/26/2013 - 09:07 | Link to Comment TeamDepends
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Precisely, if you do/don't say something you're a terrsst!

Fri, 04/26/2013 - 13:35 | Link to Comment Kirk2NCC1701
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+1  Alright, FS!  You're back in form.  I knew you had it in you.

Fri, 04/26/2013 - 09:01 | Link to Comment TeamDepends
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Not at all, inflame away!  Just be damn sure you know who you are poking in the chest.

Fri, 04/26/2013 - 09:13 | Link to Comment Melin
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Hold on...someone's at the door.

Fri, 04/26/2013 - 08:45 | Link to Comment negative rates
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Hey I just learned that all mercedes cars have tracking devices in the dash. And you thought it could'nt be done.

Fri, 04/26/2013 - 10:59 | Link to Comment Overfed
Overfed's picture

GM vehicles have had an optional tracking device/cabin recorder for about 10 years now. I think they're going to make it standard equipment soon.\

As for me, I'll stick to driving old beaters.

Fri, 04/26/2013 - 08:49 | Link to Comment 10PastMidnight
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that's just making it admissible in court, they've been doing it for 20 years now.

Fri, 04/26/2013 - 13:40 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

There's nothing I'm saying here that I would fear repeating in a real court of law, an honest judge and jury of my peers.  Although the veil of privacy that I enjoy here, allows me to say things more candidly -- less weasel-speak -- than most sheep can stomach.  So... fuck 'em!

 

Fri, 04/26/2013 - 08:31 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Germany should be first to leave the Euro, why wait around and have the jackals circle round you because you won't further enslave your people so they won't have to work. Leave them to their own devices, let them eat their politicians promises, or indeed their politicians if they hunger after that...

Fri, 04/26/2013 - 08:53 | Link to Comment dontgoforit
dontgoforit's picture

The Euro should leave the EU.

Fri, 04/26/2013 - 09:09 | Link to Comment youngman
youngman's picture

I think you are right...Germany should leave the Euro....in the long term it would be better for the German people..

Fri, 04/26/2013 - 10:59 | Link to Comment Overfed
Overfed's picture

The problem there is that the German "leaders" don't give a fuck about Germany. They care only for themselves and their place in the NWO.

Same thing with US "leaders", they don't give a fuck about the US or it's people, they only care about the drippings they get from the Rothschilds, et. al.

Fri, 04/26/2013 - 11:14 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Wrong paradigm. Germany, as Europe's CEO needs to force a "corporate re-org". These are always akin to pruning dead and weak branches. The weak have to leave the strong.

Best Paradigm: A RIF of weak EU states. Only the fittest survive the down-sizing. Both get to move on with life.

Fri, 04/26/2013 - 11:19 | Link to Comment Harbanger
Harbanger's picture

I like your paradigm better, but if the Fed stops bailing out the German Banks the whole EU experiment is finished.  So there's no way out but to keep monitizing.  I think the bigger problem is this entire keynesian debt-based monetary model is failing. 

Fri, 04/26/2013 - 08:33 | Link to Comment tallen
tallen's picture

GDP + 2.5

Fri, 04/26/2013 - 08:31 | Link to Comment fonzannoon
fonzannoon's picture

The fake gdp number just missed.

Fri, 04/26/2013 - 08:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

If they can't fake a win.....we must really be in trouble.

Fri, 04/26/2013 - 08:34 | Link to Comment samcontrol
samcontrol's picture

Who is watching the tour de France this year? 100th ..

I just saw a disturbing pic from the Boston thing....a guy without legs being rolled out on a weelchair ... really ? was that to stop the bleeding? , no shock, not passed out.. any Doctors here?

http://www.diarioreddigital.cl/index.php?option=com_content&view=article...

I love paper silver !

I'm fucked.

Fri, 04/26/2013 - 08:49 | Link to Comment negative rates
negative rates's picture

SWEETT!

Fri, 04/26/2013 - 12:08 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Sammy, the farce of the Tour de Farce aside, you may wish to speculate in PMs by buying Unallocated Silver.

That way, you can still buy/sell, but... when can convert to actual Allocated/delivered bullion at the nominal price delta. Unless there's a bullion run like in the last two weeks, the price delta should be more constant (more range bound) than the price level of the silver itself.

I believe that many seasoned PM investors (Jim Richards, etc.) hold a mix of both, for these tactical reasons. You can probably surmise if I do also. :-)

Fri, 04/26/2013 - 08:34 | Link to Comment MFLTucson
MFLTucson's picture

No sir, it is a worldwide FRAUD led by gangsters and it has ruined any chance of an economic recovery except in the minds of the mindless!.  Why mince words, lets call it what it is.

Fri, 04/26/2013 - 08:44 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

You first!

Fri, 04/26/2013 - 08:42 | Link to Comment orangegeek
orangegeek's picture

France:  I calls 'em as I see 'em and if I don't likes what I sees, I makes up some lies.

 

 

Fri, 04/26/2013 - 08:58 | Link to Comment Rainman
Rainman's picture

" The French are a hopeless, helpless mass of protoplasm " ........Dwight Eisenhower

                   

 

Fri, 04/26/2013 - 09:14 | Link to Comment samcontrol
samcontrol's picture

Exactly what we thought about "native" Americans. After that the real dirt came.

Fri, 04/26/2013 - 12:16 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

"How can you have a two party system in a country of over 300 different cheeses?" -- Charles de Gaulle.

Freedom ---> diversity

Fri, 04/26/2013 - 08:44 | Link to Comment SheepDog-One
SheepDog-One's picture

Become 'Less Miserable', just get a friend with a med pot card!

Fri, 04/26/2013 - 08:48 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I'll trade you one for some 22LR ammo.

Fri, 04/26/2013 - 08:48 | Link to Comment d edwards
d edwards's picture

Economic suicide on a global scale-will not end well at all.

Fri, 04/26/2013 - 11:58 | Link to Comment Stud Duck
Stud Duck's picture

Damn good advise, move to Colorado, grow your own!

Good sensi will alway be in demand, the one per centers are too stupid to grow their own!

A pound or two tucked away  for a rainy day, will be "good as gold".

 

Fri, 04/26/2013 - 08:59 | Link to Comment luckylongshot
luckylongshot's picture

Why is it that the press writes endless articles about how sick the dog is without ever asking how  fat the parasite that is causing the illness has become? Without private bankers having stolen the right to issue money from nations and abusing this right to accumulate 80% of the world's wealth (Vitali, Glattfelder and Battiston, 2011) France and the other dogs of Europe and the western world would be healthy. The issue now is that the parasite needs to be killed to save the dog and to date noone apart from Beppe Grillo has shown any interest in doing it.

Fri, 04/26/2013 - 09:49 | Link to Comment Bastiat
Bastiat's picture

Of course you know the answer:  the press is owned by the same people that own the wealth (and the politicians).

Fri, 04/26/2013 - 09:52 | Link to Comment luckylongshot
luckylongshot's picture

I had hoped that ZH was not one of those publications owned by the elite, false hope obviously.

Fri, 04/26/2013 - 09:00 | Link to Comment Debugas
Debugas's picture

no water in the tap in the middle of the flood in the (wall-)street

Fri, 04/26/2013 - 09:02 | Link to Comment THE DORK OF CORK
Fri, 04/26/2013 - 09:05 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

These governments are too big. They spend too much, they take too much, and they provide too little. Using other people's money breeds inefficiency and complacency. 

People and institutions have become too dependent on government. Military complex, welfare, structural agencies, are all the same. The rich and the poor sucking on the corpse of the people. They have taken too much. 

What is the historical remedy? 

Fri, 04/26/2013 - 13:20 | Link to Comment Anusocracy
Anusocracy's picture

It's good that some people understand that the real problem is government, not the elite.

The elite are just tool using apes that understand that government is a tool for wealth redistribution.

Consent to have government is consent to be robbed. How's that working?

Fri, 04/26/2013 - 09:09 | Link to Comment benbushiii
benbushiii's picture

Perhaps even more fitting what eventually transpires when the human condition is subjugated by the elite Central Bankers.

 

Do you hear the people sing
Lost in the valley of the night?
It is the music of a people
Who are climbing to the light.

For the wretched of the earth
There is a flame that never dies.
Even the darkest night will end
And the sun will rise.

They will live again in freedom
In the garden of the Lord.
They will walk behind the plough-share,
They will put away the sword.
The chain will be broken
And all men will have their reward.

Will you join in our crusade?
Who will be strong and stand with me?
Somewhere beyond the barricade
Is there a world you long to see?

Do you hear the people sing?
Say, do you hear the distant drums?
It is the future that they bring
When tomorrow comes!

Will you join in our crusade?
Who will be strong and stand with me?
Somewhere beyond the barricade
Is there a world you long to see?
Do you hear the people sing?
Say, do you hear the distant drums?
It is the future that they bring
When tomorrow comes...

Tomorrow comes!

Fri, 04/26/2013 - 09:12 | Link to Comment AnAnonymous
AnAnonymous's picture

Reality re-defined.

Welcome to an 'american' world.

Fri, 04/26/2013 - 09:12 | Link to Comment Henry Hub
Henry Hub's picture

What we're getting is trickle up austerity to go with our trickle down economic policies. Well it works for the 1%.

Fri, 04/26/2013 - 09:31 | Link to Comment NoWayJose
NoWayJose's picture

The decades between 1950 and 2000 were an historical aberation with wealth passing to the middle class. After 2000, governments went deep into debt to try to sustain the illusion. We are simply returning to the historic norm where 1% control nearly all the wealth, another 9% live on the fringe of the 1% and live comfortably, and 90% live in poverty or just above while they slave in the salt mines of today and serve the 10%.

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

Not exactly accurate.  There has been a middle class in America long before 1950.  But America was a historical aberation which combined liberty and capitalism for the 1st time in human history.  This made us the most prosperous nation on earth throughout most of the 18-20 centuries.  Until the progressive movement took hold and in 1913 we slowly became "socialized", starting with our federal reserve banking system.  Since then we've been slowly reverting back to a more centrally planned, european style, almost feudal type system.

Fri, 04/26/2013 - 09:40 | Link to Comment Downtoolong
Downtoolong's picture

The person who wants to do the right thing by living within his means, avoid debt, not gamble on excessive risks, and save for his retirement, doesn’t stand a chance against the money printing, manipulating, and spending juggernauts of the banking system and government. He is powerless to significantly sway the consequences of their behavior which are all working against his goals; like someone trying to reduce air pollution in his city by driving his car one day less each week.

Fiat money printing is the grandest example ever of the Tragedy Of The Commons, now playing out on a worldwide scale. It is the kind of situation where responsible government is supposed to intervene and protect us from ourselves. But in this case, government spending is the leading cause of the problem.

Fri, 04/26/2013 - 09:42 | Link to Comment CuriousPasserby
CuriousPasserby's picture

Less miserables. What this world needs is less miserables.

 

Oh, wait, nevermind...

Fri, 04/26/2013 - 10:39 | Link to Comment stiler
stiler's picture

“Sunt Lacrymae Rerum” -- G.Rouault

Fri, 04/26/2013 - 10:51 | Link to Comment MrBoompi
MrBoompi's picture

They print because they won't pay taxes and hide their money offshore.  They print because they can get away with it. 

Fri, 04/26/2013 - 11:39 | Link to Comment Harbanger
Harbanger's picture

They print because they're broke.  They're broke because they spent more than they made.

Fri, 04/26/2013 - 10:54 | Link to Comment dolph9
dolph9's picture

I agree with this article.  Look in my life I try to be kind to everyone, that's the best policy.

But you also have to understand your circumstances so that you can react.  The establishment people, generally in their 50s and beyond are the greediest, most entitled sons of bitches to ever walk this planet.

They will NEVER stop printing money.  Never.  It doesn't matter what happens...hyperinflation, deflation, stagflation, hyperstagindeflation, whatever.  Which means that what you must do is pretty obvious.  Get your share of the money and convert it to durable things.

They are convinced, in their brains in their little heads, that creating digital money out of thin air creates utopia.  They will never, ever, ever relinquish this belief until they are dead and underground.

Just understand what you are up against.

 

Fri, 04/26/2013 - 11:10 | Link to Comment sschu
sschu's picture

“If the soul is left in darkness sins will be committed. The guilty one is not he who commits the sin, but he who causes the darkness.” 

Les Mes was a terrific movie, but there is much to disagree with about the ideas in France around their revolution.  History has proven this to be true, the French have always it seemed "struggled" some, much due to the mindset that the individual is subservient to the state.  Contrast to the American Revolution which was primarily about individual rights and limited government.  Too bad we have strayed so far from these ideals.

Hugo’s “darkness” has a ring of truth however.  It is societies responsibility to teach truth to the next generation, this will be our downfall.  We are worse off than ever, check out the book by Pete Bowen on this subject.

sschu    


Fri, 04/26/2013 - 11:27 | Link to Comment Floodmaster
Floodmaster's picture

The US is more socialist than France or Sweden, all that military spending should have been used in public works,renewable energy, R&D and public transportation instead of this humongous war and destruction spending.

Fri, 04/26/2013 - 11:24 | Link to Comment monad
monad's picture

Gift wrapped for Drughi. Give us your gold, French bitchez

Fri, 04/26/2013 - 12:23 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Some of us on ZH like to analyze things from basic principles and basic paradigms... the way a good Diagnostician (system thinker) would.

The paradigm that we have to keep coming back to is... The symptoms we see are those of a a failed monetary system in its dying stages (Stage 3 cancer).

Applying an IV drip of QE and periodic injections of Hopium will not alter the Inevitable. They merely allow for more time for final arrangements to be made by those in charge, for the benefit of those who matter most.

Plan accordingly.

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