This page has been archived and commenting is disabled.

Ron Paul & Jim Rogers: "There's More Chaos To Come"

Tyler Durden's picture





 

These are clear warnings signs that a rational person simply cannot ignore.

Bottom line, Nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.

What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).

Many people will resist the change and instead cling desperately to the old system - the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren't obvious, here is three minutes of clarity from Ron Paul and Jim Rogers..."I would expect that there is going to be a lot more chaos still to come." - Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers

 

Via Simon Black of Sovereign Man blog,

The world is truly an enormous place... and, despite the dearth of good news and positive trends out there, I still see a lot of amazing opportunities in my travels.

 

But it's really important to remain grounded about the challenges that face us. As I pen this letter to you, in fact,

 

- The NSA's Utah data center, which will intercept every phone call, email, and tweet sent across the Internet, is nearing completion.

 

- The Marketplace Fairness Act, which will create additional sales taxes on US-based Internet transactions, is set to pass the Senate next week.

 

- The government of Cyprus just passed the final bail-in measures, officially authorizing the direct confiscation of people's savings in that country's banking system.

 

- The Bank of Japan recently announced its intentions to double down on their already unprecedented money printing operations.

 

- Not to be outdone, the US Federal Reserve just announced that they will maintain their Quantitative Easing program, which dilutes the existing money supply by more than $1 trillion annually.

 

- At $16.83 trillion, the US federal debt is at a record high and set to breach $17 trillion early this summer.

 

- President Obama recently proposed to cap the tax deferral benefit on Individual Retirement Accounts in the Land of the Free

 

These are clear warnings signs that a rational person simply cannot ignore.

 

Bottom line, nations are going bust. And the worse things get, the more desperate their tactics become.

 

This isn't the first time that the world has been in this position. This time is not different.

 

History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.

 

What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom.

 

I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).

 

Many people will resist the change and instead cling desperately to the old system– the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever.

 

And in case it still weren't obvious, I'd like to present Ron Paul and Jim Rogers, speaking together at our event in Chile a few weeks ago, with their own views on the situation.

 

“They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers

"We are going to have a calamity in economics and political crises as economies worldwide are a lot weaker than they tell us." - Ron Paul

"I would expect that there is going to be a lot more chaos still to come." - Ron Paul

"There are so many distortions because we disobeyed economic law - no matter what Bernanke tell's you." - Ron Paul

"Bernanke's whole intellectual career has been dedicated to the study of printing money." - Jim Rogers

"I don't doubt [the confiscation] at all; and they will use force and they'll use intimidation." - Ron Paul

 

Three minutes of clarity...

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/02/2013 - 17:18 | Link to Comment Motorhead
Motorhead's picture

Sigh, bitchez!

Thu, 05/02/2013 - 17:22 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Chronicles of a silverbug lemming 

Part 1

It is three in the morning. Jack Riley lies awake, staring at the silver price. His eyes are weary and his heart is full of dread. Jack barely glances at his wife Marisa, who lies fast asleep by his side. Every now and then however, he glances affectionately at his 'stack' glinting faintly in the corner of the room. "At least my ounces are still there", he thinks. But deep down he knows that he has lost a fortune, and what's more he has fundamentally betrayed his wife and children. This is the story of a real silverbug, and the excitement, anguish and agony that accompanies his addiction to stacking this shiny metal, and to 'play trading' it's ming stocks.

Thu, 05/02/2013 - 17:24 | Link to Comment american eyedol
american eyedol's picture

its just a confidence problem and how do we correct that?  Maria Bartrohlemhomo CNBC

Thu, 05/02/2013 - 17:56 | Link to Comment SilverIsKing
SilverIsKing's picture

.9999 Fine Silver

Thu, 05/02/2013 - 18:15 | Link to Comment Manthong
Manthong's picture

http://www.webelements.com/silver/

 

..and awshit... who couldn't like the silver vibrator solution to Marisa's frigidity problem?

Thu, 05/02/2013 - 18:53 | Link to Comment ratso
ratso's picture

Right on - Mutt and Jeff talk economics - funny stuff.

Thu, 05/02/2013 - 19:30 | Link to Comment AldousHuxley
AldousHuxley's picture

Chaos is good

Stability means rigid social and economical structures

Jim Rogers will lose money
Next young trader will take his place

Thu, 05/02/2013 - 20:00 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

More Chaos to come...the US is being wound-up like a spring, and some day something will trigger it, and it’ll be 1968 all over again.

Example: Spot the dumb White [Rent-A-] Cop. The Black guy's not drinking alcohol, but he assumes he is. Not wanting to lose face after realising it, he busts him for trespassing?! WTF...did the cop even ask him to leave? No! Did he ask him if he was going into the store? No!
http://www.youtube.com/watch?v=pbzUH90Sm0E&feature=player_embedded

You couldn't pay me enough to live in the US right now, and I have zero desire to even visit.

Thu, 05/02/2013 - 20:35 | Link to Comment Manthong
Manthong's picture

Ah, yes.. 1968.. the good old days

“The policeman isn't there to create disorder. The policeman is there to preserve disorder."

-Pappa Dick Daley

http://www.press.uchicago.edu/Misc/Chicago/465036.html

.. at least these kids now run the country

 

But . it is now springtime in the gun control zone

http://www.huffingtonpost.com/2013/05/01/chicago-shootings-3-kille_n_3191993.html?utm_hp_ref=chicago

Thu, 05/02/2013 - 21:21 | Link to Comment BLOTTO
BLOTTO's picture

Of course the chaos is going to come...

It says it right here on the back of this $1 USD note

* holds up dolla bill

.

And you know they wouldnt put just any ole symbols and words without a significant meaning.

.

It says, 'Order out of Chaos' (in latin)

.

Unfortunately, the 'order' will be worse then the chaos...

Fri, 05/03/2013 - 01:16 | Link to Comment Manthong
Manthong's picture

-Pappa Dick Daley

not to be confused with baby dick daley for those of you who have any real real understanding of historical context.

Fri, 05/03/2013 - 01:25 | Link to Comment Telemakhos
Telemakhos's picture

Nihil istiusmodi in Americanis nummis chartaceis reperitur scriptum.  Nothing of the sort is written on US currency.

On the back of the bill are two mottos, which are also found on the back of the Great Seal of the United States:

  • Annuit coeptis: "He approves of what has been started."  It's taken from Vergil, Aeneid 9.625, Iuppiter omnipotens, audacibus adnue coeptis, "Omnipotent Jupiter, approve of our bold beginnings." The line belongs to Ascanius, son of Aeneas, as he prays to Jupiter as he aims an arrow at the native Rutulian (Italian) Numanus, who has been taunting the Trojans and calling them effeminate; after his prayer, Ascanius shoots and scores a headshot.
  • Novus ordo seculorum (=saeculorum): "A new order of the ages." This is from Vergil, Eclogue 4.5magnus ab integro saeclorum nascitur ordo, "a great order of ages is born anew."  In Vergil's poetry, influenced by Epicurean philosophy, time is more or less cyclical: after a run of ages that degenerate from a golden era of peace and prosperity into the harshness of avarice and war, a new cycle starts with a new golden age.  The novus ordo is the new cycle of ages (golden age, silver age, etc.) starting over with a fresh golden age.

On the back of the bill but on the front of the Great Seal is one other motto:

  • E pluribus unum: "From many, one."  There's a pseudo-Vergilian precedent for this in the Moretum, a joke poem (a times rather ribald) about making garlic pesto, the color of which is more or less green but with white chunks of cheese in it: Color est e pluribus unus, "One color is from many ingredients."  This has a further history stretching way back into pre-Socratic Greek philosophy, but at the time of the revolution it was prominent because of its use a century earlier by a British protestant who had founded a popular magazine.

The last motto is probably the one to which you are referring, but I'm sorry to say that it isn't the profound sign of conspiracy for which you're looking. The Founding Fathers were educated in Latin and Greek, but especially in Vergil (always popular), and they pulled a bunch of quotations from his poetry (and the Moretum, which was falsely ascribed to him) when coming up with new symbols for a new country. Real conspirators today are much less likely to know Latin; if you want some real conspirators, look to the LIBOR fixers, to the campaign bundlers and lobbyists, to the central bankers and the not-so-central bankers. They don't sit around reading Latin poetry because they're too busy making money the old-fashioned way: by stealing it.

Fri, 05/03/2013 - 03:25 | Link to Comment akak
akak's picture

Telemakhos, I bet you always knew that that classical education of yours was going to come in handy some day, didn't you?

Nice post.

Fri, 05/03/2013 - 04:21 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

"Epicurean philosophy, time is more or less cyclical: after a run of ages that degenerate from a golden era of peace and prosperity into the harshness of avarice and war, a new cycle starts with a new golden age.  The novus ordo is the new cycle of ages (golden age, silver age, etc.) starting over with a fresh golden age"

That's pretty much what I've been saying...but I actually mean it in a literal sense!

I firmly believe that the entire Central Banking Network has sold (via BB Leasing) at least 75% of the Central Bank Gold holdings, into the hands of the Elite whom own the Cartel. This inserts Gold at the very base of the BIS/IMF system. The last time (post WWII) this happened, the Gold went into Central Banks from Government Treasuries. The next time it happens there will only be an IOU.

My words again;

"When financial systems collapse the wealth transfer goes into Gold, which then becomes the store of wealth until a new system is put in place, then, the wealth transfer goes back into the new financial system. So, owning Gold is owning a piece of the next financial system, not the current financial system…get it?...This is when Gold is most potent...To own Gold is to own both a commodity which is assigned a Currency value as well as a piece of the next framework, a piece of the next network"
http://www.zerohedge.com/news/2013-04-04/cyprus-shock-turns-anger#comment-3410842

"The Gold was replaced by 'Promise To Pay' and it (the Gold) flowed into the foundations on which the entire building is built (BIS etc). In this way, the building can be knocked down and rebuilt, using the (Gold) foundations over and over again. The Gold never left the structure at all, it was merely reassigned...In essence, the removal of Gold [Standard] meant that the nature of the system transformed from 'Fixed' to 'Recyclable', so long as the [Gold] foundations are retained..."
http://www.zerohedge.com/news/2013-04-04/cyprus-shock-turns-anger#comment-3411112

PREDTCTION: In the coming months I believe we will be made aware that Goldman Sachs, JP Morgue, HSBC etc have all taken physical possession of Gold which was shaken out of the market in the last Take Down. If this occurs, you can rest assured that they are preparing their Life Boats for a collapse which they themselves believe is coming.

"They don't sit around reading Latin poetry because they're too busy making money the old-fashioned way: by stealing it"...I agree, by shaking the tree! (Market Take Downs)

Thu, 05/02/2013 - 22:01 | Link to Comment kito
kito's picture

i smell a ratso.................................

Fri, 05/03/2013 - 00:21 | Link to Comment The Shootist
The Shootist's picture

How the fuck did MDB get that many up arrows?

Thu, 05/02/2013 - 20:42 | Link to Comment El Oregonian
El Oregonian's picture

You mean MDB's fragility problem don't you? Because there is nothing that a silver 10" dildo couldn't rectify and bring him around to adoring silver again.

Thu, 05/02/2013 - 18:20 | Link to Comment true brain
true brain's picture

At seven in the morning, Jack Riley got a call from law partner, Tim Berfuckee, who wanted to buy all of Jack's silver for twice the price. Being a smart dude, Jack turned on the tv and sure enough the early TV show of Presstitude were all clamoring with news of the dollar demise. The bond market imploded over night; oil, gold, silver and commodities are at a hundred times the price of previous day. They even showed clips of bankers jumping out the windows in Manhattan. As Jack watched TV in disbelief, his wife Betty sneaked up on him with a hug and thanked him for saving their family. THe shining stack of silver in the corner of the room will put food on the table.

 

Big LOL.

Thu, 05/02/2013 - 18:52 | Link to Comment Antifaschistische
Antifaschistische's picture

If they confiscate a 401k...and swap for gov debt.   What do they do with the confiscated assets?   That's just paper too!  Liquidate?  to who?!!   No one would buy a stock after the government just stole it all.  So, do they sell it to Sovereign bond holders to swap equity for their US Treasuries?

If you confiscate a 401k (which i'm prepared for but that's another story) then you completely destroy faith and you immediately Ctrl-Alt-shift to Argentina.  

Oh well.....we all know, however it happens.....it can't be pretty.

Thu, 05/02/2013 - 19:41 | Link to Comment fonzannoon
fonzannoon's picture

when they skank your 401(k) it will be in exchange for an income stream now or a future income stream at a certain date that is age dependent. Think immediate annuity. as for what they do with the money they skank? George Carlin was pretty clear about that in his big club rant.

the good news is once they have taken your main retirement asset CNBC will convince you it's now safe to buy equities again.

 In lieu of quarterly statements you will just get pictures of your congressman's balls.

Thu, 05/02/2013 - 22:29 | Link to Comment centerline
centerline's picture

For christ's sake, I was yelling about this a decade ago.  They aren't going to make good using future labor.  They are going to wipe out savings/retirement/etc.  Promises were lies.  The money is spent and there isn't any way out.  It really isn't any more simple than that.

Hat's off to you fonz - being in the business of this.  My take on it is that the system is very big, global, and not going down without a fight.  Capital is going to run all over the place seeking safe haven and the players will play until the last coin disappears.  USD is still a deep and percievably transparent market relative to communist nations.  Not many other places for capital to shift.  The short term might freak people out if the EU or Japan catches fire first.  We could see some strange things happening, including decoupling of stocks. bonds, gold, etc.  Unchartered territory for sure.

Thu, 05/02/2013 - 22:53 | Link to Comment Manthong
Manthong's picture

"when they skank your 401(k) it will be in exchange for an income stream now or a future income stream at a certain date that is age dependent"

I think that is spot on..

and therein lies the dilemma

do the ones with anything left in the system kill it by bailing before it is stolen?

or.. is the sweet thing is that if enough debtors bail under the right circumstances, the model implodes.  

 

Thu, 05/02/2013 - 23:28 | Link to Comment kito
kito's picture

you do realize fonz that by acknowledging that they will skank the 401ks (love that phrase and will shirley use it), you are essentially agreeing with my premise that they will not print their way to monetary destruction, but rather attempt to keep the currency alive and just vacuum out as many dollars as they can from american sheep..................................

Thu, 05/02/2013 - 20:30 | Link to Comment NoDebt
NoDebt's picture

"What do they do with the confiscated assets? "

That's a big question.  If you force everyone to liquidate at once, you crash the stock market.  Might be possible- anyone on the buy side as TRILLIONS of dollars are being force-sold would be picking them up at pennies on the dollar.  So there's real opportunity there for a MASSIVE wealth shift (from middle class to rich, primarily, as per the usual).  Still, it's too messy- banks couldn't survive through that to see the profit on the far end.  And we can't have banks failing, obviously.

Or.... the government would simply OWN STOCK in every publicly traded company, by virtue of swapping Treasuries into your account in place of the various (primarily stock) mutual fund shares you used to own.  That has a certain ring to it- government would then have a massive controlling interest in just about every company in or traded in the country.  Then they can feel free to unionize the entire private sector and bully them around while wiping their ass with your hard-earned retirement savings.  The cynic in me says this one hits on all 8 cylinders.  But....

More than likely it will be a more nuanced and phased approach, starting with caps on retirement plan savings (as has already been floated in the President's recent budget) followed by reducing or eliminating the tax deductibility, particularly on any investment that isn't US Treasuries.  Then they do a final elimination of ANY tax deduction while simultaneously requiring percentage of your pay be forced into a government "retirement account" backed by US Treasuries.  They will be kind enough to let those accounts grow tax-free while the money is in there (so they'll tell you it's "like a 401k") but there will be no deduction for contributions on the front end and you will be taxed full income tax rate coming out in retirement as well (double taxation).

The key to the WHOLE scheme, and this is important, will be keeping people contributing (by force, since nobody will do it voluntarily any more) a portion of their paycheck every week.  One time theft does little good as front-running any government action will be through the roof- you MUST keep people paying in an ongoing fashion during the transition. 

The Supreme Court will obviously affirm this since the whole 401k/IRA contraption was set up and brought into being by the government through ERISA in the first place.  They can do whatever they want with it.  And if their back is against the wall (which it will be) they will argue that it is a "tax" in front of the justices and that will be the end of it.

That's how you kill private retirement accounts, steal the money, gain massive control over another aspect of citizens lives and pull the government's balance sheet out of the fire (perhaps only temporarily after all) in one shot.  That's called a win-win in DC.

 

Thu, 05/02/2013 - 21:54 | Link to Comment DeadFred
DeadFred's picture

They're just trying to to find a way to add in lots of blow and hookers before they make the plan operational. <Just write them in, no one ever reads the bills anyway>

Thu, 05/02/2013 - 20:58 | Link to Comment Mike in GA
Mike in GA's picture

don't have to liquidate...rehypothecate...instant multi-trillion $ fresh collateral...what's not to like?

Thu, 05/02/2013 - 22:34 | Link to Comment Ranger4564
Ranger4564's picture

They are not selling off the asset investments they took from you... geez people... they have the printing presses, and US treasuries are printed too... they will obviously keep what they stole, which is partly where the initial theft occurs, and just print the crap paper they send over to your account. The other nations will likely do similarly. The other nations will not object too loudly, as they will get their cut, and in the end, as long as they get their payments, they don't really give a crap about what happens to the citizens.

Once they have your wealth, they will immediately start stealing from the treasury fund that defines your holdings, and they will slowly start referring to it as an UNFUNDED LIABILITY / ENTITLEMENT.

 

Get ready and gloat in the wisdom of those fucking ghastly words.

 

 

Thu, 05/02/2013 - 23:37 | Link to Comment sansnobel
sansnobel's picture

No you see 99.9% of people belive in Unicorns that shit skittles and rainbows if the Gubment says they do.  So they don't need your faith.  They already have your blind fucking obedience to the state just like the mental halfwits in the hermit kingdom of North Korea.

Thu, 05/02/2013 - 23:42 | Link to Comment sansnobel
sansnobel's picture

Hell I think most dumb fucking Christians in this country have been made so servile and impotent with (Romans Chapter 13) etc. in the United States they could come into your own house and rape and kill your daughter and wife and because it was the government that did it, most would not bat an eye.  The question everybody should be asking themselves right now is, when is it enough?  Should I snap or just stay in my prozac induced dreamland? 

Sat, 05/04/2013 - 01:38 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

You misunderstand “buy”. You know what a PUT is, right? If exercised a PUT will land you, the loser, with some stock because of an agreement, right? You may not want it anymore but it’s yours.

Now you know what confiscation is, right? Without contract or consent you lose something of value, right?

OK, now put these together: no matter how useless the stock, equity, currency, whatever puts you at a loss you’ll take by force because whatever you value will be taken by force – unless it is beyond reach, if even KNOWLEDGE of its existence is hidden to all who would try to take it.

You know what you’re probably going to end up with? Treasuries maturing in 30 to 100 years, mandated by law... or perhaps an empty account.

Sat, 05/04/2013 - 01:37 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

The Mick Dundee solution: you call that a voibratah,

Naoww THIS is a voibratah

Thu, 05/02/2013 - 19:09 | Link to Comment knukles
knukles's picture

Put more "con" up on "de fence"
Somebody once said that "Maria should get a boob job."  He didn't mean titties, either.

Thu, 05/02/2013 - 17:26 | Link to Comment McMolotov
McMolotov's picture

Do we have to pay for Part 2? Because I lost everything betting on Facefuck, but I really want to hear what happens to Jack, and I'm hoping Marisa gets naked at some point.

Thu, 05/02/2013 - 17:44 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Best reply ever

Thu, 05/02/2013 - 23:03 | Link to Comment johnQpublic
johnQpublic's picture

Jack was dollar cost averaged at 17 dollars so was able to hold onto his stash

Marisa is a lesbian though, and shes leaving jack

He gets the house, she gets the 401k

Thu, 05/02/2013 - 19:27 | Link to Comment Hacked Economy
Hacked Economy's picture

<reads McMolotov's comment, almost chokes on spoonful of Chef Boyardee while laughing>

Bring on Part 2!  I propose a contest between MDB and McMolotov to see who writes the best version.  :)  We'll vote as we read them.

Fri, 05/03/2013 - 11:47 | Link to Comment IrritableBowels
IrritableBowels's picture

You must be dipping into your food reserves...

Thu, 05/02/2013 - 17:28 | Link to Comment PiratePawpaw
PiratePawpaw's picture

You have convinced me.

I'm switching right now to stacking slices of SPAM............

.....should I fry it first?

Thu, 05/02/2013 - 17:37 | Link to Comment Sleepless Knight
Sleepless Knight's picture

Yes, fry it and put it on toast with some mustard, or fry it and put in on a block of rice wrapped in seaweed - Musabi.

Thu, 05/02/2013 - 17:52 | Link to Comment Manthong
Manthong's picture

sounds tasty..

might want to put some wasabi on the musabi.

Thu, 05/02/2013 - 18:17 | Link to Comment EverythingFubar
Thu, 05/02/2013 - 17:39 | Link to Comment EmmittFitzhume
EmmittFitzhume's picture

I am Jacks complete lack of surprise! Surprise that most haters don't see the golden(and silver) forest through the trees!

Thu, 05/02/2013 - 18:44 | Link to Comment Jekyll_n_Hyde_Island
Jekyll_n_Hyde_Island's picture

Chronicles of an equity Muppet

  PT 1

  It’s four in the afternoon; Kevin spins his smart phone in the air whistling a randomly organized tune.  It’s been a good day.  It’s been a good quarter for Kevin.  He hears the warming, familiar sound of the closing bell ring on the smart phones of other long-coat-clad, scarf wearing sophisticates strolling in the park with him.  He can’t keep a self-satisfied smirk from his face.  Teeth show between his lips -- risk paid yield to more risk on Kevin’s investments.   He was able to take all the accrued interest from previous gains and reallocate into an high yield security issued by a very reliable dealer.  The rest of his money he diversified into stocks across the three major American markets with a sprinkle in hedge on 2yr bond.  A yacht, his own restaurant, all Kevin’s dreams seemed within reach.

  The sound of the closing bell is distorted with the rhythmic hum of a thousand phones purring in unison.

  The metrosexual, facial manicured muppets stand, sweating, pupils dilating, reading twitter feeds and Bloomberg updates:

  "In after-hours trading, a major equity firm has discovered an algo fixing hft scheme colluded by major companies and a rival up-and-coming firm.  A whistle-blower has announced that the firm has been shadow funding fake stock recoveries from real market dumps.   Major investors are pulling everything they can from wherever they can, and in a split second, everything Kevin ever had is gone.

 

Thu, 05/02/2013 - 19:29 | Link to Comment Hacked Economy
Hacked Economy's picture

<to borrow from a famous South Park episode>

"...aaaaaand...it's gone!..."

Fri, 05/03/2013 - 00:25 | Link to Comment The Shootist
The Shootist's picture

Lol @ the chronicles of Blankfein monks.

Sat, 05/04/2013 - 16:20 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

My favorite rendition: http://youtu.be/4TlPo0yCSa4

Thu, 05/02/2013 - 21:46 | Link to Comment DeadFred
DeadFred's picture

He likely won't lose more than 60-70% before the markets can successfully open for trading. He will still have enough for a taco truck and a rowboat for weekend fishing trips. Who knows, he may be happier.

Thu, 05/02/2013 - 23:46 | Link to Comment The Gooch
The Gooch's picture

You hear that, Kevin?

There isn't enough Benbeard to weave your para-cord.

 

Thu, 05/02/2013 - 18:14 | Link to Comment Yen Cross
Yen Cross's picture

  Part 1   <  MDB knows the gig is up. His 'Mc Playland' pal didn't show up at 'Jack Hole'.

Thu, 05/02/2013 - 19:13 | Link to Comment knukles
knukles's picture

Everybody stop bitching, pissing and moaning!
The Bernak's got a scheduling conflict FFS!

Hell, when Mrs.K calls I ignore it at my own peril!

Thu, 05/02/2013 - 19:19 | Link to Comment Yen Cross
Yen Cross's picture

 Knuks, You're the best free Professor a man could ever have!   +1

Fri, 05/03/2013 - 02:36 | Link to Comment Long_Xau
Long_Xau's picture

His 'Mc Playland' pal didn't show up at 'Jack Hole'.

Looks like we ain't gonna see jack shit coming out of there this time round.

Thu, 05/02/2013 - 18:57 | Link to Comment Jayacts
Jayacts's picture

This is me. I, however, know that deep down silver is money and I am actually making the correct provisions for my family and will be sad for the others who are not prepared.

Thu, 05/02/2013 - 19:30 | Link to Comment de3de8
de3de8's picture

Only up until they come to take it from you.

Thu, 05/02/2013 - 20:31 | Link to Comment edb5s
edb5s's picture

"Whatcha think all the guns is for?"

-Notorious BIG

Thu, 05/02/2013 - 19:12 | Link to Comment WhiteNight123129
WhiteNight123129's picture

 

 

PROBLEM TO RESOLVE MDB.

If you tell voters who bailed-out wall street that they will not get their entitlements. How do you get elected?

If you tell industries no more pork, how do you get money to run a campaign?

CHECK MATE MDB.

When the US cut war spending, stop lobbies, stop pork for weapon industry, oil industry, pharma industry, next the US cut entitlement. Next raise interest rates at 6%.

I WILL SELL MY SILVER PRONTO and stack USD. However how would that work politically?

 

When the `wise man` shows the sky, the fool looks at the finger.

Call me fool, it is a badge of honor.

Look at the denominator MBD, the denominator.

There are no prices anywhere, only relative measurement of one thing in another.

So check the denominator MDB, do not look a the sky (the thing you are supposed to look at according to the `wise man`, look a the finger and check if there something wrong with the finger. Check if the `wise man` is showing you something that you are supposed to look at, in order to look at something else.

So when you look at the cross of Ag/USD or Gold/USD,  it is never ever ever about the Ag or Gold in abstraction, it is about the denominator /USD. 

The denominator has to be produced to honor 100 trillion of off-balance sheet debt....

If the denominator goes to 0, what happens to the fraction? It works for wheat, corn, any hard asset.

Gold and Silver are only a proxy to other consumable commodities... It is the commodity which is the store of value column, while the others are in the consumable column.

If I could buy forward what I need for my family with today[s purchasing power I would do it. Gold and Silver are imperfect but how about the denominator /USD?

WHere is the money for the entitlements, war, lobbies, pork?

 

 

 

 

 

 

 

 

Thu, 05/02/2013 - 22:39 | Link to Comment Jim in MN
Jim in MN's picture

When the `wise man` shows the sky, the fool looks at the finger.

 

...and the Wiser Fool, pulls that finger.

Thu, 05/02/2013 - 19:12 | Link to Comment orez65
orez65's picture

My biggest problem with my "silver stacks" was remembering where I hid them.

What I do now is to take a photo with my iPhone.

I have a separate folder where I store all my silver storage photos so that they are easy to find. 

Thu, 05/02/2013 - 19:22 | Link to Comment SilverIsKing
SilverIsKing's picture

Don't lose your iPhone.

Thu, 05/02/2013 - 21:50 | Link to Comment DeadFred
DeadFred's picture

And those pickpockets are a bitch.

Thu, 05/02/2013 - 20:49 | Link to Comment gdogus erectus
gdogus erectus's picture

In case someone new doesn't know you were kidding, iPhones geo stamp every photo taken and those pics are free game for .gov.

Thu, 05/02/2013 - 22:40 | Link to Comment Jim in MN
Jim in MN's picture

Take pics, move stack.  Take more pics, move stack again. 

Imagine smoke coming out of spook ears.

Repeat ad nauseum.

Sat, 05/04/2013 - 16:22 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

no iSpy device for me – those things aren’t secure. Never underestimate the value of a leaky boat.

Thu, 05/02/2013 - 19:51 | Link to Comment MilkTheCow
MilkTheCow's picture

MDB is about the biggest lying f*ckhead in the book.  The whole financial system is a damn fucking ponzi scheme ran by pyschopaths.  When these asshats rob the system blind and the government comes and steals the other half, the only thing you'll have left is the damn stack of silver in the corner.  Enjoy your cronie capitalism while it lasts MDB...you're going to be like those stupid yuppies in Argentina taking daggers to over turned cattle cars desperate to get a hunk of cow junk for dinner.  Baseless moron.

Thu, 05/02/2013 - 21:25 | Link to Comment W T F II
W T F II's picture

You must be envisioning a non-fiction piece a year out where 'ol Riley, who bought in $12.74, is apoplectic @ that evening's close @ $5.37...I can see that, but not until Q1 '14...!!!

Thu, 05/02/2013 - 21:41 | Link to Comment DeadFred
DeadFred's picture

Dang, I just missed being red arrow #100.

Thu, 05/02/2013 - 17:38 | Link to Comment Aeternus
Thu, 05/02/2013 - 18:50 | Link to Comment infinity8
infinity8's picture

That was great, thanks for the link!

Thu, 05/02/2013 - 19:04 | Link to Comment Aeternus
Aeternus's picture

You are most welcome!

Thu, 05/02/2013 - 19:10 | Link to Comment shovelhead
shovelhead's picture

Sentimental horseshit.

Around here we still blow kids hands off with fireworks every July.

It's a sacred American tradition.

Thu, 05/02/2013 - 19:23 | Link to Comment infinity8
infinity8's picture

I'm not ashamed of being sentimental for our freedoms. Good times.

Thu, 05/02/2013 - 19:41 | Link to Comment de3de8
de3de8's picture

Better to cleanse the gene pool than perpetuate stupidity.

Thu, 05/02/2013 - 19:53 | Link to Comment Aeternus
Aeternus's picture

Lead by example and go first.

Fri, 05/03/2013 - 00:38 | Link to Comment dryam
dryam's picture

Thanks.  Liked this quote.....

 

"If you want total security, go to prison.  There you're fed, clothed, given medical care and so on.  The only thing lacking.....is freedom."

-Dwight D. Eisenhower

Thu, 05/02/2013 - 18:25 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Sorry for pre-posting this video earlier today: Thu, 05/02/2013 - 12:23 | 3522789 Kirk2NCC1701

But it's all free & good publicity, right?  ;-)
Thu, 05/02/2013 - 19:41 | Link to Comment Chuck Walla
Chuck Walla's picture

And the people, in their desperation, will cry out for a dictator to save them. And so the USA will fall because of these dependent wimps taking the rest of us with them. And they will never understand what fools they have become for a pittance of a welfare check.

 

FORWARD SOVIET!

Thu, 05/02/2013 - 19:57 | Link to Comment Hacked Economy
Hacked Economy's picture

Sad thing is...it's true.  Twenty years ago, this would have been filed under the 'tin foil hat' folder.  But now?  After the Boston PD pulling people out of their homes (and the MSM - even the ACLU - being silent on the matter!!) and the impending collapse on our horizon (whether hard and quick like the USSR or soft and drawn out like ancient Rome)...

Not to be cynical, but when the SHTF, a lot of people will be knocked off kilter and will be clamoring for someone to ride in on the white horse and save them.  Or worse yet, they'll accept the sacrifice of more liberties (perhaps a suspension of certain Constitutional rights?) in a trade-off for food and employment.

The fiction of yesterday is becoming the likely reality of tomorrow morning.

Thu, 05/02/2013 - 20:54 | Link to Comment Anusocracy
Anusocracy's picture

And everything that is going wrong is the fault of government.

Fri, 05/03/2013 - 00:11 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Yes.

Fri, 05/03/2013 - 00:51 | Link to Comment freewolf7
freewolf7's picture

Apologize for thread jacking:

Feds to Investigate Blythe Masters

http://silverdoctors.com/feds-investigating-blythe-masters-over-energy-m...

Thu, 05/02/2013 - 17:18 | Link to Comment freewolf7
freewolf7's picture

It's the banks. How much more information do we need?

Thu, 05/02/2013 - 17:19 | Link to Comment rosiescenario
rosiescenario's picture

They already are taking our retirement accounts....it is called money printing....

Thu, 05/02/2013 - 18:21 | Link to Comment Meat Hammer
Meat Hammer's picture

Yeah but this time they'll actually tell you they're doing it.

Thu, 05/02/2013 - 19:03 | Link to Comment rosiescenario
rosiescenario's picture

Why should they bother? Nothing for them to gain from so doing.

Thu, 05/02/2013 - 19:09 | Link to Comment Meat Hammer
Meat Hammer's picture

$17 trillion in retirement accounts is "nothing to gain"?  They'll say it's for the children.

Thu, 05/02/2013 - 23:16 | Link to Comment Ranger4564
Ranger4564's picture

They don't have to gain, as long as you lose.

Thu, 05/02/2013 - 17:21 | Link to Comment SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

Friend asks me what he should do with 8k in cash. " What should I be investing in right now? Mutual funds? Stocks?" I said,"Go down to the safe shop, spend 1k on a good safe and put the rest of the cash in there."

Thu, 05/02/2013 - 18:27 | Link to Comment Pareto
Pareto's picture

or buy 275 silver rounds.  fuck the cash.

Thu, 05/02/2013 - 19:27 | Link to Comment SMG
SMG's picture

You do need some cash, but only things like stored food, water, remote land, energy, medicine, and silver will get you from this current financial system with little pain, to whatever's next.

Thu, 05/02/2013 - 23:45 | Link to Comment Manthong
Manthong's picture

a safe is only for keeping papers reasonably protected from fire and casual passers-by from easily lifting stuff.

it offers no protection from a knowledgeable and determined intruder.

Fri, 05/03/2013 - 11:50 | Link to Comment Chaos_Theory
Chaos_Theory's picture

All the ammo he can find

Thu, 05/02/2013 - 17:23 | Link to Comment otto skorzeny
otto skorzeny's picture

these guys are wayyyy too optimistic- a few billion DHS HP rounds shows the govt has more sinister intentions than simply putting some of your retirement in t-bills.

Thu, 05/02/2013 - 18:07 | Link to Comment The Second Rule
The Second Rule's picture

They'll  deal with part of that opposition through mind control as opposed to bullets--Freddie is right about the insidious effects of Hwood and TV. More people are now committing suicide than are dying in car accidents. Yet another reason why you should (re)consider before bringing another sentient being into this world. All you are doing (unless you are the 1%) is feeding a satanic machine that is in the process of cannibalizing itself.

Thu, 05/02/2013 - 19:16 | Link to Comment shovelhead
shovelhead's picture

If Freddie is right about anything at all then we're in far worse shape than I can possibly imagine.

Thu, 05/02/2013 - 20:36 | Link to Comment The Second Rule
The Second Rule's picture

I think he's right about the media. It is a modern day MKULTRA experiment. But now that I think about it, I take that back. It's not really an experiment at this point. It's more "Applied Technology."

Thu, 05/02/2013 - 18:26 | Link to Comment Pareto
Pareto's picture

Yup.  + 100.  Retirement accounts.  Fuck, who has those that are enough to make a difference in chaos.  Nope, retirement accounts are trivial.  They want and are aiming for outright confiscation of property, in general.  Retirement accounts are all just digits.  Real tangible assets - thats the stuff they want.

Thu, 05/02/2013 - 23:20 | Link to Comment Ranger4564
Ranger4564's picture

They are already taking physical... foreclosure. Rest tehy will capture by allowing increases in interest even on fixed loans. And tehy want it all, so they will take physical property and your other savings. The idea is to cripple you, not punish you.

Thu, 05/02/2013 - 19:02 | Link to Comment jimmytorpedo
jimmytorpedo's picture

But they try and reach a mainstream(ish) audience.

They can't come right out and say the queen is a lizard now can they?

Thu, 05/02/2013 - 19:19 | Link to Comment knukles
knukles's picture

The Queen is a shape shifting Annaukian Reptilian from the planet Zarcon out Pleiades way sent here to encourage over-breeding amongst the genetically manipulated human slaves to mine more gold.

I repeat for credibility sake, I've personally seen more UFOs than Chevy Volts.

strange skin flapping sounds in background

Thu, 05/02/2013 - 20:08 | Link to Comment jimmytorpedo
jimmytorpedo's picture

They definitely can't say that.

 

 

Fri, 05/03/2013 - 00:59 | Link to Comment Ms. Erable
Ms. Erable's picture

2,200,000,000 rounds carried by ~100,000 DHS tools.

80,000,000 US gun owners holding 300,000,000+ firearms, with a guesstimated (and extremely conservative) average of 500 rounds/person, or 40,000,000,000 rounds.

Big question: who should be more worried in this comparison?

Thu, 05/02/2013 - 17:21 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Two of the last great men left, thanks Tyler.

Thu, 05/02/2013 - 17:31 | Link to Comment Motorhead
Motorhead's picture

What, no Simon Black?  (sarc)

Fri, 05/03/2013 - 01:29 | Link to Comment ceilidh_trail
ceilidh_trail's picture

He wrote, "men".

Thu, 05/02/2013 - 18:03 | Link to Comment Yardfarmer
Yardfarmer's picture

your apotheosization of these rank scoundrels attests to your emininently naive presumptions regarding the relative merits of the wicked biped race. as it is spake in the holy writ, "there are no good men", or more poetically, as the Psalmist has it "the common man is but a breath, the great man an illusion" or even more pointedly for this mercantile fool, "in his riches, man lacks wisdom, he is as the beasts that are destroyed".  

Thu, 05/02/2013 - 18:21 | Link to Comment akak
akak's picture

I want those 20 seconds of my life that I spent reading your pointless and mindless drivel back.

Thu, 05/02/2013 - 19:22 | Link to Comment knukles
knukles's picture

Oh, many thanks for saying that triggering a burst of pure self centered curiosity I waste 20 seconds to read it.
And another whole minute responding to your comment.
Jeeesh!

Thu, 05/02/2013 - 21:38 | Link to Comment algol_dog
algol_dog's picture

ouch!

Thu, 05/02/2013 - 21:37 | Link to Comment algol_dog
algol_dog's picture

I wish you could of been que'd in front him so I'd of been warned ...

Thu, 05/02/2013 - 18:22 | Link to Comment McMolotov
McMolotov's picture

That's a whole lot of ten-dollar words just to say jack shit.

Thu, 05/02/2013 - 19:08 | Link to Comment negative rates
negative rates's picture

Don't knock it, maybe he don't know Jack Shit.

Thu, 05/02/2013 - 21:11 | Link to Comment Meatier Shower
Meatier Shower's picture

Sounds more like he said, eat shit.

Thu, 05/02/2013 - 18:23 | Link to Comment Pareto
Pareto's picture

hey Yard Farmer!  Go back to yard farming.  This is the most polite thing I could come up with given what you wrote.

Thu, 05/02/2013 - 18:30 | Link to Comment Yen Cross
Yen Cross's picture

     Yard Farmer> Meet Vikings. 

Thu, 05/02/2013 - 19:51 | Link to Comment AssFire
AssFire's picture

Yard Farmer> Meet Worm Farmer

Thu, 05/02/2013 - 20:05 | Link to Comment Yen Cross
Yen Cross's picture

   Nice correction, AssFire.

Thu, 05/02/2013 - 18:33 | Link to Comment Jekyll_n_Hyde_Island
Jekyll_n_Hyde_Island's picture

By the way captain thesaurus, we are a species, not a race. 

So far you've encapsulated the negative warnings of King Solomon, and the concerns of (likely) King David without any redemptive elements or hermeneutic understandings.  Your grasp of scripture is equivalent to your grasp of character which is proportional to your understandings of what wisdom is.  Your cyclical irony betrays you as you appear to be some sort of authority on character, and yet as a man, cannot be good in your own quotations.

Put that in your pipe and smoke it.

Thu, 05/02/2013 - 19:25 | Link to Comment knukles
knukles's picture

Yeow!

Thu, 05/02/2013 - 22:40 | Link to Comment Hulk
Hulk's picture

We got a live one here !!!

Thu, 05/02/2013 - 23:35 | Link to Comment Temporalist
Temporalist's picture

You should wait to see what happens when his worse half posts.

Thu, 05/02/2013 - 18:47 | Link to Comment jcaz
jcaz's picture

Yawn.....  You're boring us, dude....

Thu, 05/02/2013 - 18:57 | Link to Comment Manipuflation
Manipuflation's picture

Yardbird, this ain't a Bible study site last I checked.  "Spake"?  Seriously?  We be usin the vernacular up in here Bitchez! 

Thu, 05/02/2013 - 19:21 | Link to Comment azzhatter
azzhatter's picture

speaking of palmists, do you keep one hand on your dick while typing

Fri, 05/03/2013 - 00:02 | Link to Comment IridiumRebel
IridiumRebel's picture

You wanna Get biblical fuckhead? I like this verse.

"Doom to you who legislate evil, who make laws that make victims -- laws that make misery for the poor, that rob my destitute people of dignity, exploiting defenseless widows, taking advantage of homeless children. What will you have to say on Judgment Day, when Doomsday arrives out of the blue? Who will you get to help you? What good will your money do you?" Isaiah 10:1-3

God knows.

Thu, 05/02/2013 - 17:21 | Link to Comment lolmao500
lolmao500's picture

They won’t take our bank accounts

Optimist...

Thu, 05/02/2013 - 17:29 | Link to Comment rosiescenario
rosiescenario's picture

They already have.....its called inflation or money printing or currency debasement.

 

All you have to do is look back a few decades and compare the purchasing power of a $ then to one now.

 

Most all of what we see going on today began with Lyndon Johnson and the Vietnam War.

Thu, 05/02/2013 - 19:21 | Link to Comment Pure Evil
Pure Evil's picture

Those guys are optimists, what makes them think that the vast majority of folks will have anything left in their 401k accounts.

Empty 401k accounts

Thu, 05/02/2013 - 19:48 | Link to Comment knukles
knukles's picture

Exactamundo!

See that's also where the "wealth effect" argument mathematically breaks down.  Joe Blow, having taken such a pasting in a prior nightmare has so little left in his now 1.01(k) that he's not participating in the stock market rally. 
He's not a participant!

Likewise his home.  It's so far underwater, any increases to him right now are "Yeah yeah yeah, bullshit"...

The wealthy effect isn't this time around.

Please don't tell Krugman I said so, else he'll be back here nattering more rubbish to salve his own ego.

Fri, 05/03/2013 - 00:27 | Link to Comment lakecity55
lakecity55's picture

Yeah!

I took all of mine after layoff last fall. Had already borrowed 1/2 and put into PM and silver miners, but it was stolen off my truck and the account was lost!

Paid taxes and some bills with other half.

Now I am in Asia trying to make a few ducats. No work in the USSA.

As 'bad timmy' once said, 'improvise, adapt, overcome.'

Thu, 05/02/2013 - 18:59 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Optimist indeed!

Without addressing  the issue of whether any other parts of the bank capital stack were lost first, I don’t particularly object to the confiscation of bank deposits in Cyprus because it only affects uninsured deposits greater than €100,000.

Contrary to Jim Rogers’ opinion, I believe that that they will come for our bank accounts via so-called bail ins.  As one of the Tylers noted, the FDIC – Bank of England’s joint paper explicitly stated as much. 

But I don’t think that anyone should rely on more than a modicum of protection from FDIC insurance because:

  • The FDIC’s “M.O.” of having healthy banks absorb failed banks won’t work in a systemic crisis.
  • The FDIC is essentially broke.
  • The US Government is essentially broke.
  • The vast majority of voters’ savings aren’t even close to the FDIC’s $250K insurance limit.
  • We have the most divisive president in history who panders to his base of foolish, ill-educated people who, in many cases, think that someone with $250K in the bank is a “fat cat” who should be skinned.  Ain't no way political capital will be expended to fulfill promises made to larger depositors.

Now is not the time to appear rich to someone making minimum wage; I wouldn’t keep any more than $25K in a bank, even if $250K is supposedly insured.

Thu, 05/02/2013 - 19:26 | Link to Comment klockwerks
klockwerks's picture

RE Geek, 25K is way to much for any bank. I remember the lines I saw at the banks in 08. I, in the last 6 months, received a small "booklet" from JPM, with very small print explaining to me that once I gave them my money, it was no longer mine. I gave them a loan and if I needed it in a larger sum that I would have to request it in writing and give them time to give me my money back. Since 08 I only deposit enough money in that acct to pay monthly bills and the rest is in silver and small bills in a safe.

Thu, 05/02/2013 - 17:21 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

My key takeaway here is that Simon Black is a real person. 

 

 

 

 

Maybe.

Thu, 05/02/2013 - 17:31 | Link to Comment Motorhead
Motorhead's picture

Actually his name is Walter Mitty.

Thu, 05/02/2013 - 18:23 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Shhhh...thats a secret.

Thu, 05/02/2013 - 18:35 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Oh for Pete's sake!  The person is very much real, as seen by hundreds of people for almost a week.  It is his name that is a "pen/stage name".  Those who do business with him or have known him for some time, know his real name, and it's not a big deal.

There are some who even worry if he writes all his material.  Who really cares?  Do you worry or get upset about politicians, talk-show hosts (Leno, etc) not writing all of their material?  Surely the world is not that black & white for you?

The most useful and constructive mental model to think of 'Simon Black' is as: 

"A focal point, a Brand and Market Place for libertarian/Libertarian people, who wish to leverage the knowledge, connections and experience of successful people, who have already secured their assets and ID beyond their home-country." 

If he does not have this in his Mission statement, I think he should.  Because no Brand can allow 'churn' around their message, or allow others to define or sidetrack the argument.

Something to think about:  If you did what he does, would you want TPTB having your real name and gunning for you at each Customs & Immigration checkpoint?  Would you want to worry that one of these governments (i.e. the USSA) might put a contract/drone out on you? 

Thu, 05/02/2013 - 19:23 | Link to Comment shovelhead
shovelhead's picture

If he's worrying about getting droned he can change his name to Simon Templar.

Ya know, confuse em.

Thu, 05/02/2013 - 19:31 | Link to Comment SilverIsKing
SilverIsKing's picture

'Simon, is that you?'

Thu, 05/02/2013 - 17:22 | Link to Comment venturen
venturen's picture

NSA should change its name to SKYNET and the USA should change its name to the United Sovereign States Regime. 

Thu, 05/02/2013 - 17:25 | Link to Comment rosiescenario
rosiescenario's picture

This stealing from retirement accounts is hardly new. For example if you started working in 1970 just compare the purchasing power your first decade of SS contributions to what those $$$ can buy today.

Thu, 05/02/2013 - 18:59 | Link to Comment ziggy59
ziggy59's picture

But with COLA..everything is fine, no? /sarc off

Thu, 05/02/2013 - 19:24 | Link to Comment orez65
orez65's picture

Plenty of precedence, the so called "Social Security Trust", about $4 Trillion, was confiscated by the Federal Government.

But the thieves left US Treasuries so that we can cash them at any time, by issuing more Treasuries.

Thu, 05/02/2013 - 17:25 | Link to Comment PiratePawpaw
PiratePawpaw's picture

"I don't doubt [the confiscation] at all; and they will use force and they'll use intimidation." - Ron Paul

"and I will respond with force and determination" - PiratePawpaw

Thu, 05/02/2013 - 17:29 | Link to Comment Rainman
Rainman's picture

I don't need these two dudes to tell me how fucked up these oligarchial humans have been and will continue to be.

Thu, 05/02/2013 - 17:31 | Link to Comment tenpanhandle
tenpanhandle's picture

That may be but millions of others do.

Thu, 05/02/2013 - 17:26 | Link to Comment Coffin Dodger
Coffin Dodger's picture

O.T. but Taleb's pissed -

NASSIM TALEB: My Moral Obligation Is To Destroy The Economic Establishment, And I Will

http://www.businessinsider.com/taleb-vows-to-destroy-economic-establishment-2013-4#ixzz2SAlsNmY7

Thu, 05/02/2013 - 17:28 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Just started reading "Fooled by Randomness".  This man is on another level.

Thu, 05/02/2013 - 17:30 | Link to Comment Buzz Fuzzel
Buzz Fuzzel's picture

Keep reading.  You will discover that his insight comes from personal family experince.  He knows a Black Swan when he sees one because he has seen them before.

 

Thu, 05/02/2013 - 18:02 | Link to Comment BoNeSxxx
BoNeSxxx's picture

..."And then of course Krugman"

I can hardly wait.  Why do I feel like a kid on December 20th all of a sudden?

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