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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...

 

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Thu, 05/02/2013 - 17:18 | 3524059 Motorhead
Motorhead's picture

Sigh, bitchez!

Thu, 05/02/2013 - 17:22 | 3524075 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 | 3524089 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 | 3524204 SilverIsKing
SilverIsKing's picture

.9999 Fine Silver

Thu, 05/02/2013 - 18:15 | 3524248 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 | 3524351 ratso
ratso's picture

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

Thu, 05/02/2013 - 19:30 | 3524457 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 | 3524510 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 | 3524696 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 | 3524852 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 | 3525439 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 | 3525456 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 | 3525621 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 | 3525661 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 | 3525000 kito
kito's picture

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

Fri, 05/03/2013 - 00:21 | 3525373 The Shootist
The Shootist's picture

How the fuck did MDB get that many up arrows?

Thu, 05/02/2013 - 20:42 | 3524720 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 | 3524265 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 | 3524348 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 | 3524404 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 | 3525072 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 | 3525154 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 | 3525240 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 | 3524673 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 | 3524981 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 | 3524773 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 | 3525102 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 | 3525277 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 | 3525290 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 | 3529651 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 | 3529650 MeelionDollerBogus
MeelionDollerBogus's picture

The Mick Dundee solution: you call that a voibratah,

Naoww THIS is a voibratah

Thu, 05/02/2013 - 19:09 | 3524394 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 | 3524092 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 | 3524177 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Best reply ever

Thu, 05/02/2013 - 23:03 | 3525180 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 | 3524443 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 | 3527171 IrritableBowels
IrritableBowels's picture

You must be dipping into your food reserves...

Thu, 05/02/2013 - 17:28 | 3524101 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 | 3524141 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 | 3524191 Manthong
Manthong's picture

sounds tasty..

might want to put some wasabi on the musabi.

Thu, 05/02/2013 - 18:17 | 3524258 EverythingFubar
Thu, 05/02/2013 - 17:39 | 3524149 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 | 3524251 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 | 3524454 Hacked Economy
Hacked Economy's picture

<to borrow from a famous South Park episode>

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

Fri, 05/03/2013 - 00:25 | 3525382 The Shootist
The Shootist's picture

Lol @ the chronicles of Blankfein monks.

Sat, 05/04/2013 - 16:20 | 3530409 MeelionDollerBogus
MeelionDollerBogus's picture

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

Thu, 05/02/2013 - 21:46 | 3524955 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 | 3525297 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 | 3524260 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 | 3524401 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 | 3524412 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 | 3525561 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 | 3524358 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 | 3524458 de3de8
de3de8's picture

Only up until they come to take it from you.

Thu, 05/02/2013 - 20:31 | 3524675 edb5s
edb5s's picture

"Whatcha think all the guns is for?"

-Notorious BIG

Thu, 05/02/2013 - 19:12 | 3524387 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 | 3525119 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 | 3524399 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 | 3524427 SilverIsKing
SilverIsKing's picture

Don't lose your iPhone.

Thu, 05/02/2013 - 21:50 | 3524969 DeadFred
DeadFred's picture

And those pickpockets are a bitch.

Thu, 05/02/2013 - 20:49 | 3524743 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 | 3525124 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 | 3530411 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 | 3524522 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 | 3524880 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 | 3524936 DeadFred
DeadFred's picture

Dang, I just missed being red arrow #100.

Thu, 05/02/2013 - 17:38 | 3524145 Aeternus
Thu, 05/02/2013 - 18:50 | 3524345 infinity8
infinity8's picture

That was great, thanks for the link!

Thu, 05/02/2013 - 19:04 | 3524384 Aeternus
Aeternus's picture

You are most welcome!

Thu, 05/02/2013 - 19:10 | 3524396 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 | 3524436 infinity8
infinity8's picture

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

Thu, 05/02/2013 - 19:41 | 3524488 de3de8
de3de8's picture

Better to cleanse the gene pool than perpetuate stupidity.

Thu, 05/02/2013 - 19:53 | 3524528 Aeternus
Aeternus's picture

Lead by example and go first.

Fri, 05/03/2013 - 00:38 | 3525404 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 | 3524292 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 | 3524490 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 | 3524542 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 | 3524758 Anusocracy
Anusocracy's picture

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

Fri, 05/03/2013 - 00:11 | 3525355 Beam Me Up Scotty
Beam Me Up Scotty's picture

Yes.

Fri, 05/03/2013 - 00:51 | 3525418 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 | 3524061 freewolf7
freewolf7's picture

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

Thu, 05/02/2013 - 17:19 | 3524063 rosiescenario
rosiescenario's picture

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

Thu, 05/02/2013 - 18:21 | 3524279 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 | 3524375 rosiescenario
rosiescenario's picture

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

Thu, 05/02/2013 - 19:09 | 3524392 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 | 3525209 Ranger4564
Ranger4564's picture

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

Thu, 05/02/2013 - 17:21 | 3524070 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 | 3524301 Pareto
Pareto's picture

or buy 275 silver rounds.  fuck the cash.

Thu, 05/02/2013 - 19:27 | 3524447 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 | 3525286 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 | 3527185 Chaos_Theory
Chaos_Theory's picture

All the ammo he can find

Thu, 05/02/2013 - 17:23 | 3524072 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 | 3524242 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 | 3524405 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 | 3524694 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 | 3524296 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 | 3525221 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 | 3524372 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 | 3524411 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 | 3524577 jimmytorpedo
jimmytorpedo's picture

They definitely can't say that.

 

 

Fri, 05/03/2013 - 00:59 | 3525428 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 | 3524074 DoChenRollingBearing
DoChenRollingBearing's picture

Two of the last great men left, thanks Tyler.

Thu, 05/02/2013 - 17:31 | 3524118 Motorhead
Motorhead's picture

What, no Simon Black?  (sarc)

Fri, 05/03/2013 - 01:29 | 3525464 ceilidh_trail
ceilidh_trail's picture

He wrote, "men".

Thu, 05/02/2013 - 18:03 | 3524231 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 | 3524276 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 | 3524425 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 | 3524918 algol_dog
algol_dog's picture

ouch!

Thu, 05/02/2013 - 21:37 | 3524919 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 | 3524283 McMolotov
McMolotov's picture

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

Thu, 05/02/2013 - 19:08 | 3524391 negative rates
negative rates's picture

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

Thu, 05/02/2013 - 21:11 | 3524835 Meatier Shower
Meatier Shower's picture

Sounds more like he said, eat shit.

Thu, 05/02/2013 - 18:23 | 3524285 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 | 3524307 Yen Cross
Yen Cross's picture

     Yard Farmer> Meet Vikings. 

Thu, 05/02/2013 - 19:51 | 3524521 AssFire
AssFire's picture

Yard Farmer> Meet Worm Farmer

Thu, 05/02/2013 - 20:05 | 3524560 Yen Cross
Yen Cross's picture

   Nice correction, AssFire.

Thu, 05/02/2013 - 18:33 | 3524312 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 | 3524438 knukles
knukles's picture

Yeow!

Thu, 05/02/2013 - 22:40 | 3525123 Hulk
Hulk's picture

We got a live one here !!!

Thu, 05/02/2013 - 23:35 | 3525275 Temporalist
Temporalist's picture

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

Thu, 05/02/2013 - 18:47 | 3524340 jcaz
jcaz's picture

Yawn.....  You're boring us, dude....

Thu, 05/02/2013 - 18:57 | 3524360 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 | 3524419 azzhatter
azzhatter's picture

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

Fri, 05/03/2013 - 00:02 | 3525335 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 | 3524076 lolmao500
lolmao500's picture

They won’t take our bank accounts

Optimist...

Thu, 05/02/2013 - 17:29 | 3524107 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 | 3524421 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 | 3524515 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 | 3525389 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 | 3524361 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 | 3524441 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 | 3524077 ParkAveFlasher
ParkAveFlasher's picture

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

 

 

 

 

Maybe.

Thu, 05/02/2013 - 17:31 | 3524123 Motorhead
Motorhead's picture

Actually his name is Walter Mitty.

Thu, 05/02/2013 - 18:23 | 3524286 PiratePawpaw
PiratePawpaw's picture

Shhhh...thats a secret.

Thu, 05/02/2013 - 18:35 | 3524275 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 | 3524434 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 | 3524461 SilverIsKing
SilverIsKing's picture

'Simon, is that you?'

Thu, 05/02/2013 - 17:22 | 3524081 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 | 3524090 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 | 3524366 ziggy59
ziggy59's picture

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

Thu, 05/02/2013 - 19:24 | 3524437 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 | 3524093 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 | 3524094 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 | 3524119 tenpanhandle
tenpanhandle's picture

That may be but millions of others do.

Thu, 05/02/2013 - 17:26 | 3524096 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 | 3524100 ParkAveFlasher
ParkAveFlasher's picture

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

Thu, 05/02/2013 - 17:30 | 3524114 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 | 3524224 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!