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10 Scenes From The Ongoing Global Economic Collapse

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

When is the economic collapse going to happen?  Just open up your eyes and take a look around the globe.  The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet.  Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day.  Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay.  Remember, a bubble is always the biggest right before it bursts.  The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well.  I hope that you are ready.

The following are 10 scenes from the economic collapse that is sweeping across the planet...

#1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece

The economic depression in Europe just continues to get worse with each passing month.  According to the Daily Mail, the unemployment rate in Greece has nearly tripled since 2009...

Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country's crippling recession after years of austerity under its international bailout.

 

Greece's jobless rate has almost tripled since the country's debt crisis emerged in 2009 and was more than twice the euro zone's average unemployment reading of 12.1 percent in March.

 

While the overall unemployment rate rose to 27 per cent, according to statistics service data released on Thursday, joblessness among those aged between 15 and 24 jumped to 64.2 percent in February from 59.3 percent in January.

#2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash

I love to write about Detroit because it is a perfect example of where the rest of the country is headed.  They have just gotten there first.  At this point, Detroit is essentially bankrupt, and the new emergency financial manager is saying that Detroit may totally run out of cash next month...

Detroit may run out of cash next month and must cut long-term debt and retiree obligations, according to emergency financial manager Kevyn Orr’s preliminary plan to save Michigan’s largest city from bankruptcy.

 

Orr’s report says the cost of $9.4 billion in bond, pension and other long-term liabilities is sapping the ability to provide public safety and transportation. He listed cutting debt principal, retiree benefits and jobs among his options.

 

“No one should underestimate the severity of the financial crisis,” Orr said yesterday in a statement. He called his report “a sobering wake-up call about the dire financial straits the city of Detroit faces.”

#3 Economic Despair In France

France is going down the same path that Greece, Spain, Portugal and Italy have gone.  The following is an excerpt from a recent article in the Economist...

HELDER PEREIRA is a young man with no work and few prospects: a 21-year-old who failed to graduate from high school and lost his job on a building site four months ago. With his savings about to run out, he has come to his local employment centre in the Paris suburb of Sevran to sign on for benefits and to get help finding something to do. He’ll get the cash. Work is another matter. Youth unemployment in Sevran is over 40%.

#4 7,000 Abandoned Buildings In Dayton, Ohio

All over the upper Midwest, there are formerly great cities that are dealing with thousands of abandoned buildings.  Dayton, Ohio is one example...

Like many urban cities in recent years, Dayton still finds itself knee-deep in abandoned, dilapidated properties as the result of the foreclosure crisis and economic downturn five years ago.

 

Boarded up buildings that appear to be on their last legs litter the city as it attempts to recover.

 

Kevin Powell, the city’s acting manager of housing inspection, says officials plan to use $5.2 million — half from the state’s Moving Ohio Forward program and a matching grant from the city’s general fund — to raze 475 abandoned properties by the end of September.

 

That will scratch the surface of an estimated 7,000 abandoned property problem that is growing.

#5 Overwhelmed By Squatters In Spain

In Spain, unemployment is rampant and people have become incredibly desperate.  In fact, in some Spanish cities you can now find entire apartment buildings that are being overwhelmed by squatters...

A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters.

 

“This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters.”

#6 The Collapse Of Chinese Power Consumption

Energy consumption tends to closely mirror economic activity.  That is why the recent collapse of Chinese power consumption is so alarming.  The following is from Zero Hedge...

According to CLSA's Chris Wood using NEA data, China's monthly power consumption (the most accurate proxy for underlying economic strength according to the current premier) growth slowed from 5.5% YoY in Jan-Feb 2013 to 1.9% YoY in March, the slowest growth rate since May 2009 (as discussed in-depth here).

#7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet

The economic data that has been coming out of the second largest economy on the globe has been quite alarming recently...

For starters, China’s recent economic data, as massaged as it is to the upside, is downright awful. China’s PMI numbers were the worst in two years. Staffing levels in the Chinese service sector decreased for the first time since January 2009 (remember that year).

 

China’s LEI also shows no sign of recovery. If anything, it indicates China is heading towards an economic slowdown on par with that of 2008. And if you account for the rampant debt fueling China’s economy you could easily argue that China is posting 0% GDP growth today.

#8 One Out Of Every Five U.S. Households On Food Stamps

Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, even though we are supposedly in the midst of an "economic recovery", food stamp enrollment continues to soar to new highs.  The following is from CNS News...

The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 - an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.

 

The most recent statistics from the United States Census Bureau-- from December 2012-- puts the number of households in the United States at 115,310,000. If you divide 115,310,000 by 23,087,866, that equals one out of every five households now receiving food stamps.

#9 Child Hunger In America

Those that work for the big banks on Wall Street may have no problems feeding their children, but overall there is a rapidly growing child hunger crisis in America today.  Just check out the following statistics from one of my previous articles...

*For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

*In Miami, 45 percent of all children are living in poverty.

*In Cleveland, more than 50 percent of all children are living in poverty.

*According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

#10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About

There are billions of people around the globe that are deeply suffering but that do not have a voice.  We usually never hear about the desperate poverty that these people are living in, but that doesn't mean that they don't exist.  The following statistics that Stephen Lendman recently compiled should shock and alarm you...

At least 80% live on less than $10 a day. Over three billion people live on less than $2.50 a day. More than 80% live in countries where income disparity is increasing.

 

The poorest 40% of world population has 5% of global income. The bottom fifth has $1.5%. The top 20% has 75%.

 

According to UNICEF, 22,000 impoverished children die daily. They "die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death."

 

An estimated 28% of children in developing countries are underweight, malnourished and/or stunted.

How can so many people be living like that in a world with such wealth?

Sadly, things are going to get much worse.  The economic and financial systems of the world are rapidly breaking down, and in a few years these are going to look like "the good old days".

And a growing number of people are starting to realize the direction that things are headed.  For example, according to a survey that has just been released, 48 percent of all Americans believe that the best days of America are now behind us.

So what do you think?

Are our best days behind us, or are they still ahead of us?

 

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Tue, 05/14/2013 - 22:01 | 3563130 erg
erg's picture

*stumbles drunkingly from one ZH article to the next detailing malfeasance and corruption*

Thankfully I read this earlier today.

*stumbles back into a baffled patina of bullshit*

Tue, 05/14/2013 - 22:13 | 3563180 Burt Gummer
Burt Gummer's picture

I've noticed a large increase of homeless people and tent cities in my cities downtown metropolitan area, atleast a 50% increase from just a year ago.

 

http://www.youtube.com/watch?v=deuC8GPr31A

Tue, 05/14/2013 - 22:35 | 3563260 WayBehind
WayBehind's picture

Best days? What best days?

Tue, 05/14/2013 - 23:44 | 3563491 markmotive
markmotive's picture

Put some of this together and you have some resemblance to the Soviet collapse.

http://www.planbeconomics.com/2013/05/documentary-discovery-channel-end-...

Wed, 05/15/2013 - 06:13 | 3563962 negative rates
negative rates's picture

It depends on who you are.

Wed, 05/15/2013 - 06:17 | 3563969 jbvtme
jbvtme's picture

this planet took a left turn with the industrial revolution, making goods more efficiently in factories.  now superfluous humans are being replaced with robots. we need to reinvent and practice the skills of everyday living (growing and making things) and extricate ourselves from the mainstream currency.  freedom equals self sufficiency.

Wed, 05/15/2013 - 04:44 | 3563899 Sudden Debt
Sudden Debt's picture

I see a lot less traffic in the morning and when I drive arround the cities of my country, I see huge amounts of people just walking the streets during the day and very large groups of young people just doing nothing.

Also, last week I got pulled over by the police for driving to fast and missing a red light and that fucker was dressed like he was going to Syria!

Is it normal that our police wairs bulletproof vests, has a hun with a open holster and a taser in a holster on his leg?

I mean... that was just a traffic cop for gods sake!!!!!

 

 

Wed, 05/15/2013 - 05:26 | 3563924 Parrotile
Parrotile's picture

Hope it was a GUN rather than (Attila the) Hun in the open holster!

You'll know things have become REALLY bad once Library personnel start to wear items of body armour (apart from those who ride motorbikes).

Methinks the "Good Old Days" for EVERYWHERE are fast receding in the rearview mirror.

Wed, 05/15/2013 - 05:27 | 3563926 reload
reload's picture

The Police are not the same as they used to be. Here in the UK `home secretary` Theresa May is calling for Killers of Police officers to face a `whole life` prison term. Apparently `an attack on the Police is an attack on society` - her words. I do not condone Killing Police or ANY human being unless in self defence, however neither do I condone a political descision to make the life of a police officer more valuable than the life of a regular citizen.

I think what she means is `an attack on a Policeman is an attack on the Police state`

I have not seen a police person on foot patrol here in the uk for some time. They watch the population on screens in their bunkers or patrol the highways in mobile communications centres, and go to intervene in disputes at schools where teachers are acused of racism. They no longer have any interest in protecting private property, in fact they tend not to even attend burglary scenes anymore - just send a crime number in the post for use in an insurance claim. The Police are not part of society in the way they were 20 years ago, they have become quite seperate.   

Wed, 05/15/2013 - 06:20 | 3563977 negative rates
negative rates's picture

No, when they come with a warrent for all the wrong reasons, I want to kill um. If you cast the first stone, and then are no where near completely without sin, I say you deserve to die, or at least suffer until your short time on this planet is relieved from you. And that includes the whole chain of them too, they are all at fault and in denial about it. Get over the belief that cops are any more special than you or I. They are trained animals, and nothing more.

Wed, 05/15/2013 - 06:15 | 3563964 negative rates
negative rates's picture

That's just damn bloody pathietic.

Wed, 05/15/2013 - 12:34 | 3565230 kchrisc
kchrisc's picture

It was a "revenue stop" and they dress like that because they are being sent to rob more and more often and from increasingly poorer victims.

hujel

Wed, 05/15/2013 - 02:44 | 3563816 Kirk2NCC1701
Kirk2NCC1701's picture

"10 Scenes from a Fed-led/Western CB collapse"

There, fixed it for ya, Snyder.

Tue, 05/14/2013 - 22:00 | 3563137 seek
seek's picture

If we reset, our best days are ahead of us.

If we don't reset, our best days are behind us.

Tue, 05/14/2013 - 22:51 | 3563313 DoChenRollingBearing
DoChenRollingBearing's picture

Well, maybe so.  But, how we reset is very important.  I have see literally tens of resets around the world, and many of them have not been pretty.  I am not hearing a convincing (nor likely) sounding reset from the conservatives..., a reset soon might take us in a bad direction.

Wed, 05/15/2013 - 00:06 | 3563567 Professorlocknload
Professorlocknload's picture

As I said in another thread, DoChen;

A revolution now would more likely resemble a Bolshevik or French kind, not an American one.

War is nasty for all involved, and when it starts, all outcomes are nothing but crap shoots.

Think Japan anticipated Hiroshima? Or Hitler, Dresden? Or Kennedy a defeat in Vietnam?

Wed, 05/15/2013 - 01:08 | 3563680 bonin006
bonin006's picture

no, no, maybe.

Wed, 05/15/2013 - 07:33 | 3564075 samcontrol
samcontrol's picture

yes, yes, yes.

Wed, 05/15/2013 - 11:05 | 3564782 nofluer
nofluer's picture

Think Japan anticipated Hiroshima? Or Hitler, Dresden? Or Kennedy a defeat in Vietnam?

New book out (2012) by Nassim Nicholas Taleb titled "Antifragile". Haven't read much of it, but what I've read leads me to strongly recommend it. The idea is that anti-fragile is "Things That Gain From Disorder."

(Disclaimer - I get nothing from sales, and don't even know who Taleb is, much less have any connection with him.)

Another interesting book I just started - "Nexus" by Mark Buchanan. This one is subtitled "Small Worlds and the Groundbreaking Theory of Networks." (You've heard of "6 degrees of separation"? Apparently the principle of close connectivity applies across creation - from the power grid to the network of neurons in a nematode worm, both of which have almost exactly the same "small-world structure."

"Why does most of the wealth always end up in the hands of the richest few? As we will see, there is a very simple answer to this long-standing puzzle of economics. The answer has little to do with economics and everything to do with the basic working of networks."

Soooo.... class? You have your assignments. I have to go plant the garden so I can eat. Ta!

 

 

Wed, 05/15/2013 - 02:39 | 3563812 Kirk2NCC1701
Kirk2NCC1701's picture

The only thing to 'Reset' is the financial and monetary enema that the bloated and aging Western economies need.

Asia is slim, young and... tired of working for peanuts.

Wed, 05/15/2013 - 03:50 | 3563862 theliberalliberal
theliberalliberal's picture

mmmmmmm....young

mmmmmmm....slim

mmmmmmm................................peanuts

Wed, 05/15/2013 - 10:54 | 3564710 Boom_Bust_Babe
Boom_Bust_Babe's picture

** larf **

Tue, 05/14/2013 - 22:10 | 3563154 Dr. Engali
Dr. Engali's picture

I live not to far from Dayton and I can tell you that there are parts that look like hellholes. It's almost weird watching people shuffle along as the whole country disintegrates around them. Every time I drive through some of the worst areas I get a little more pissed as I see the markets reach new highs at the same time the country is reaching new lows.

Tue, 05/14/2013 - 22:13 | 3563184 The Thunder Child
Tue, 05/14/2013 - 22:21 | 3563221 Dr. Engali
Dr. Engali's picture

It's sickening isn't it? Unfortunately much of Detroit really needs to be leveled.

Tue, 05/14/2013 - 22:27 | 3563238 prains
prains's picture

ah but aren't you really all just a part of the Various States of Detroitification;

 

scale your time longer than 15 minutes and VSD is your trooth as well

Tue, 05/14/2013 - 22:38 | 3563273 Dr. Engali
Dr. Engali's picture

Is that anything like Californiacation?

http://youtu.be/4o7fiW373GE

Tue, 05/14/2013 - 23:34 | 3563463 prains
prains's picture

first born unicorn

Wed, 05/15/2013 - 00:47 | 3563640 MisterMousePotato
MisterMousePotato's picture

"Drugs and guns," is it?

Hm. Wonder why the founders forgot to enshrine the right to keep and bear drugs in the Constitution?

Maybe it's drugs and something else?

Wed, 05/15/2013 - 05:36 | 3563933 NidStyles
NidStyles's picture

Probably because they didn't think people would be stupid enough to ban plants that grow naturally in the region.

Wed, 05/15/2013 - 08:09 | 3564135 onewayticket2
onewayticket2's picture

Msnbc says fixing those rough areas of Dayton's as easy as pulling your car over and giving the shuffler a lot of money.

Wed, 05/15/2013 - 00:43 | 3563636 BooMushroom
BooMushroom's picture

Here's the problem:
"Kevin Powell, the city’s acting manager of housing inspection, says officials plan to use $5.2 million — half from the state’s Moving Ohio Forward program and a matching grant from the city’s general fund — to raze 475 abandoned properties by the end of September.

They're spending eleven grand per property to raze them. They could pay one guy $50k/yr, who could then put ads up on Craigslist for the materials.
Used bricks, 10¢ each.
Used 2x4's, free, you demolish.
20 buildings worth of copper wire and lead pipe, $500.
Offer: learn to drive a bulldozer, and demolish a real house! $50/house.

Just give me the fucking list. I could get that fucker done for half price.

Wed, 05/15/2013 - 01:13 | 3563689 bonin006
bonin006's picture

You must be a terrorist. Only public servants, or companies that have made large campaign contributions to them, could possibly be qualified to demolish buildings

Wed, 05/15/2013 - 08:45 | 3564203 Chaos_Theory
Chaos_Theory's picture

Fed $ for contracts equals need to prove your Equal Opportunity creds...oh wait, your contract is nulled because this Minority Business Enterprise trumps your lower bid and reputation.

Wed, 05/15/2013 - 03:53 | 3563866 theliberalliberal
theliberalliberal's picture

learn to drive a bulldozer...lol

 

pass or fail you'll knock a house down so winner winner,

Wed, 05/15/2013 - 03:59 | 3563870 Tenshin Headache
Tenshin Headache's picture

Why do you hate freedom?

Tue, 05/14/2013 - 22:23 | 3563228 rlouis
rlouis's picture

Oakland is going Detroit/Dayton

Wed, 05/15/2013 - 00:25 | 3563608 Professorlocknload
Professorlocknload's picture

And yet the government administration building parking lots are overflowing, and with many new luxury cars.

 

Humm?

Good life for Tzars. Not so good for proles.

 

Tue, 05/14/2013 - 23:04 | 3563359 B2u
B2u's picture

Detroit used to be the 4th largest city in the United States, then the democrats took control.

Tue, 05/14/2013 - 23:07 | 3563364 mjk0259
mjk0259's picture

White democrats not so bad. When I go to NYC, it's mostly European tourists walking around. You can't beat the NYC transit even though it's pathetic compared to every other civilized country.

Tue, 05/14/2013 - 23:37 | 3563472 prains
prains's picture

I love how your narrative is so singular and finite, it leaves no room to understand a more complex equation, so very american. Like a 50's western.

Wed, 05/15/2013 - 02:56 | 3563828 buyingsterling
buyingsterling's picture

The overall equation applies to most places, and the worst off are those run by demonrats. This isn't necessarily because demonrat control leads to corruption and ineptitude, it could also be because these places are filled with idiots (demonrat voters). GOP = stupid party, Demonrats = slavery party. They always have been, and their current fetishes are dependency (slavery) and abortion (ownership of human lives/slavery with termination). Sane people abandoned the idea that some human lives are not worth living when the results (200 million dead by democide) became evident. Demonrats still cherish the idea. I can't stand the GOP because it's stupid and crraven, but the Demonrats are worse, they're actively evil.

Wed, 05/15/2013 - 05:34 | 3563929 Parrotile
Parrotile's picture

Detroit used to be up there in the Most Productive Cities per head of population Worldwide! http://www.nationalreview.com/node/302257/print

The present situation could, and should, have been avoided, but as usual, those who should have taken the "difficult but correct" decisions took the easy way out.

Just like all the other "Important Decision Makers" in the West.

Tue, 05/14/2013 - 23:10 | 3563373 Osmium
Osmium's picture

That video was published on Sept 3 of 2012.  I'm sure given the economic recovery since then, that entire area has been cleaned up.

Wed, 05/15/2013 - 13:06 | 3565349 DadzMad
DadzMad's picture

No fair, they were only filming one side of the street.  The other side might be much nicer!

Tue, 05/14/2013 - 22:18 | 3563209 nmewn
nmewn's picture

Not much longer doc.

But then we still have to figure out what the hell we're going to do with this mess of humanity left behind by idiocy.

After that...maybe our kids will get another 200yrs of breathing room.

Tue, 05/14/2013 - 22:24 | 3563229 Dr. Engali
Dr. Engali's picture

I hope that is the case. When this thing finally goes its going to be ugly. The free shit brigade are going to be pissed when they get a dose of reality. The great die off is going to be tragic.

Tue, 05/14/2013 - 22:34 | 3563256 nmewn
nmewn's picture

Its gonna suck, cuz I know we can't save them all and I'm at the point of not even caring except for the savable.

The free shit army is dead meat, after they get done tearing themselves to pieces the leftovers are just target practice.

It could have been different...if they weren't so damned gullible...oh well, fuck em @ 200yds. and closing with my dogs on their heels.

Thats life.

Tue, 05/14/2013 - 23:22 | 3563427 Savyindallas
Savyindallas's picture

win or lose-it doesn't matter for the free shit brigade  -the elites plan to kill them off anyway.

I am more sympathetic to these wretched people than most - take any hundred of them -our society is designed so that maybe only one of a hundred of them can escape their plight  -so can you blame them the 99% that do not? These rich fuckers born with a silver spoon in their mouth continually delude themselves that they are somehow better than the rest -that they hae what they have because of their their own efforts and talents and they have superiority which has created their privileged lives  - there is so little truth to that in most cases. Most average people I know are far more generous and virtuous than the rich. Even poor and people of modest means who get rich get the disease-they would be less likely to part with a portion of their money than a crack head would be to part with a portion of his crack. Money is a narcotic. It's like sex or power. Few can handle it. It's an illness-a spiritual and moral illness. What did Jesus say about it being harder for the rich man to enter the Kingdom than a camel passing through the eye of a needle? From my expereince I can see why.

Tue, 05/14/2013 - 23:39 | 3563474 Dr. Engali
Dr. Engali's picture

I agree with you 100%

Wed, 05/15/2013 - 00:27 | 3563563 James
James's picture

Theirs another kind of poverty that only rich men know

A moral malnutrition that starves their very soul

They've worked all their life on this house of cards to keep it all in line

And they can't be saved by money, they're all running out of time

But it's O.K. 'cuz I got mine.

http://www.youtube.com/watch?v=OT3X1Z5z9P0

Wed, 05/15/2013 - 00:15 | 3563583 suicidalpsychologist
suicidalpsychologist's picture

you realize people are nice because they are poor right? it s a strategy of survival. When you re rich and above everyone else, there is no need to be nice. If you were rich, you wouldnt be nice either. 

You re nice to others when your brain calculates you might need their help, support, for your own interest/survival, when you dont need them, you ignore them or you kill/erae them if they re in competition against you for scarce ressources (or jobs). We are designed to only care about those who can benefit to our own survival and interests. This is how we select each others daily.

Wed, 05/15/2013 - 01:32 | 3563705 Savyindallas
Savyindallas's picture

For animals and lost souls maybe-not for me and many others I know and respect. Some people are good because they choose to be good -even when it hurts them and is against their self interest. Some people choose to be greedy and subhuman because they have succumbed to this particular addictive vice-just like drugs, alcohol, sex, power, etc. That's what makes us human  -different from animals - we are free to choose a better way  -free to avoid the addictive vices which make us less human.

Wed, 05/15/2013 - 05:03 | 3563908 Seer
Seer's picture

I agree with you, though I don't believe anyone necessarily does anything against their self interest.  I think what is happening in such circumstances is that someone is choosing to concede the short-term for the long-term.  Life is about survival, no matter what economic "strata" one is in.  Those high on the food chain, like all predators, are fewer in numbers and tend to hunt in smaller packs.

An interesting read on social cooperation is Mutual Aid by Kropotkin.

"That's what makes us human  -different from animals - we are free to choose a better way  -free to avoid the addictive vices which make us less human."

Humans ARE animals.  Our folly tends to be that we think of ourselves as being outside of nature: be careful not to lose sight of the fact that deception is far more prevalent than we would like to admit.  Read Mutual Aid, as it has some pretty interesting accountings of things that "animals" do that might tend to temper your (seemingly) absolute take on animals as "animals."

Wed, 05/15/2013 - 01:46 | 3563726 kareninca
kareninca's picture

That's ridiculous.  Back when I was broke I was in a bad mood and stressed out all the time; I wasn't as nice as I should have been.  I'm now  -  at least for the moment  -  in a comfortable situation.  I'm much nicer, especially to people who have crummy jobs.  It's easier to be nice if you're not stressed out.  There's this thing called noblesse oblige, if nothing else.

Stupid pop--evolutionary-pyschology, for the simple minded.

Wed, 05/15/2013 - 05:19 | 3563918 Seer
Seer's picture

Much depends on expectations.  Lots of abnormal stress is introduced by an abnormal society.  If you're comfortable in an abnormal society because you are "not broke" then it IS only a matter of time before you become "uncomfortable."

Being "broke" or not has nothing to do with whether you're an asshole to someone else or not.  It's just an excuse that people use.

Stress exists for a reason.  It's a mechanism for us to attend to something NOW rather than later.

I'd further offer that stress is an indicator of insufficient/improper time management: if time were not an issue than NOTHING would be an issue.  If you're "short" with people due to stress then what one should do is to admit that they don't have time for someone else- there's no need to be an asshole.

"I''m much nicer, especially to people who have crummy jobs."  Because you are in a superior position?

I'm nice to either a nice doctor or a nice janitor.  And when I cannot tell whether someone is being nice or not I try to be nice to them.

Wed, 05/15/2013 - 05:41 | 3563938 Parrotile
Parrotile's picture

A smile and words of encouragement cost nothing.

"Please" and "Thank you" cost nothing, and consume but a few milliseconds of "valuable time".

Our Societies used to be "Civilised", now, from personal observation, "Maybe not so much, at all!"

 

 

Wed, 05/15/2013 - 09:21 | 3564322 zerozulu
zerozulu's picture

...and these rich people are crazy about money since the time of Moses.

Tue, 05/14/2013 - 22:55 | 3563328 Clever Name
Clever Name's picture

The girls family is from right outside Dayton, went there for a family funeral 2 years ago and drove through the city, it was pretty damn bad. Noone in the city during the middle of the day, closed down buildings, etc. Spooky. Right near her aunts house is some famous candy store, and next to it they had started to build some ready made community/neighborhood. They put in half of the shops first then started building the homes and got maybe a third of the way through when the market tanked. Now it sits with a few struggling stores and maybe 10 occuopied homes. The rest of the development sits unused, streets built, lighposts up, with noone around and no houses.

Go Flyers?

Wed, 05/15/2013 - 00:17 | 3563591 Miffed Microbio...
Miffed Microbiologist's picture

Mr miffed used to work for NCR and occasionally went to the corporate headquarters in Dayton. He described it a cute town but dependent on NCR for its existence. He predicted things would go very badly for Dayton if NCR ever left. This scene seems to be playing over and over again across our country.

Miffed:-)

Wed, 05/15/2013 - 05:22 | 3563920 Seer
Seer's picture

You've just pointed out why diversity is a good thing.

It's quite sad, so many communities scammed by the Big Boys.  One can run around warning about it, but all the marketing money used to push through a bunch of BS projects is just too hard to beat back against.  People are suckers for things that glitter...

Wed, 05/15/2013 - 07:35 | 3564082 samcontrol
samcontrol's picture

"la cava" , Buenos Aires.
or some " fabella " in Rio.
or most places in India and Africa,
ohio and detroit are luxury resorts,,sorry.

Wed, 05/15/2013 - 10:58 | 3564740 Boom_Bust_Babe
Boom_Bust_Babe's picture

fritos, redbulls and dollar menus will solve everything . . . except obescity and we have Obamacare for that!

Tue, 05/14/2013 - 22:10 | 3563166 Cdad
Cdad's picture

...could have put up ten more items, as well...while the criminal syndicate known as Wall Street, the group of folks most directly responsible for the economic shit storm we are in, takes the market to ALL TIME HIGHS on a surge of perpetual bailout money from Ben Bernanke via QE4eva.

Fascism...it's a real bitch. 

Wed, 05/15/2013 - 05:31 | 3563927 Seer
Seer's picture

Wall Street et al are merely a symptom of the disease, the disease being perpetual growth (on a finite planet)

It's not the HOW the game is played that is the problem; it's that the game is being played.

Tue, 05/14/2013 - 22:09 | 3563168 MythicalFish
MythicalFish's picture

But but but

 

Mega-Bullish Sign

Tue, 05/14/2013 - 23:11 | 3563377 HardlyZero
HardlyZero's picture

Mega-Bullshi* Sign  (author must have dyslexia)

Wed, 05/15/2013 - 00:33 | 3563624 Professorlocknload
Professorlocknload's picture

As they say, the Zimbawbe Stock market did well.

 

Tue, 05/14/2013 - 22:10 | 3563172 Yes_Questions
Yes_Questions's picture

 

 

Something's got to give.

 

 

Tue, 05/14/2013 - 23:46 | 3563505 edifice
edifice's picture

Yes, the working man.  And a lot of it.

Tue, 05/14/2013 - 22:14 | 3563186 worbsid
worbsid's picture

"I love to write about Detroit because it is a perfect example of where the rest of the country is headed. " 

Look to Detroit for leadership ... or was that Chicago?

Tue, 05/14/2013 - 23:12 | 3563383 HardlyZero
HardlyZero's picture

Detroit leadership left town long ago...for Chicago.

Tue, 05/14/2013 - 22:20 | 3563197 W T F II
W T F II's picture

A Power Greater Than Ourselves WILL Alter These Imbalances...And Restore Us To Sanity...

Wed, 05/15/2013 - 00:36 | 3563626 Professorlocknload
Professorlocknload's picture

Reality?

Tue, 05/14/2013 - 22:17 | 3563204 erg
erg's picture

I bought a book showing all the local medicinal and edible plants. It's surprising how many there are really. We're losing what little herb lore we had.

I also noticed that there were local, wild hops....hmmm.

Tue, 05/14/2013 - 22:29 | 3563246 Yes_Questions
Yes_Questions's picture

 

 

You don't cough, You don't get off

 

~Herb Lore

 

;-

Tue, 05/14/2013 - 22:19 | 3563214 Yen Cross
Yen Cross's picture

    I can't get over this Kudlow Capex thing. I was eating a rather spicey piece of RAT, when "snort-snort< Kudlow" was on the CNBS informercial of the month.

   Akording to Larry, his trickle down theory is working. Larry thinks that the economy is growing just over 2%, in the first half. KegMeister Larry, thinks that CapEx, will grow from foreign direct investment, to 3% in the second 1/2.

    Larry {giggles} Kudlow.

Tue, 05/14/2013 - 23:30 | 3563451 RockyRacoon
RockyRacoon's picture

Larry "Snort" Kudlow is my favorite contrarian indicator.  Well, maybe next to Don Luskin.

When they go full-bull you'd better head for the bunkers 'cause it's about to blow (pun intended).

Those two losers have the worst track records of any of the so-called financial pundits.

Aw, hell.  I'm wrong.  There's a ton of 'em.  Just too damn lazy to list them.

You know how coons get...

Wed, 05/15/2013 - 05:35 | 3563931 Seer
Seer's picture

If I want to puke I go looking for food that's past its expiration date.  No need to pay for MSM-induced puking...

(sorry, but I can't imagine why anyone would watch/listen to any of these folks [it only helps pay their salaries])

Tue, 05/14/2013 - 22:20 | 3563216 A Lunatic
A Lunatic's picture

I WANT MY FREE UNICORN!!!!!!!!!!!

Tue, 05/14/2013 - 22:54 | 3563304 EvlTheCat
EvlTheCat's picture

If you are going to order it from the free shit army catalogue, Lunatic.  I suggest you get the skittle shitting option and the end of the rainbow detector.  Premo stuff!  Got mine yesterday,  I already found three pots of gold, and I was only going out for pizza.

Wed, 05/15/2013 - 05:37 | 3563936 Seer
Seer's picture

As they say, nothing in life is free.  Better is to just ask (the genie) to be able to whiff unicorn shit, as That is where the real magic comes from! (let someone else feed the damn thing!)

Tue, 05/14/2013 - 22:24 | 3563223 lolmao500
lolmao500's picture

 

7,000 Abandoned Buildings In Dayton, Ohio

No problem! Fill those houses with democratic voters so that the state goes democrat in 2016!

Winning!

A 285-unit apartment complex in Parla

WTF!! 285-unit apartment complex?? How big is that thing?? 

*In Miami, 45 percent of all children are living in poverty.

Don't worry, all great touristic cities in third world countries have lots of kids living in poverty! This is bullish for Miami's tourism!

Tue, 05/14/2013 - 23:29 | 3563449 otto skorzeny
otto skorzeny's picture

O made sure states like Ohio got big $ from infrastructure spending to keep unemployment fairly level in order to carry it in the 2012 election. 

Wed, 05/15/2013 - 00:51 | 3563652 BooMushroom
BooMushroom's picture

There are a couple 250+ complexes in my city. Two city blocks, 3 stories tall. Easy peasy.

Tue, 05/14/2013 - 22:23 | 3563226 ShrNfr
ShrNfr's picture

"The top 20% has 75%" - that is roughly the Pareto principle which has been shown to be fairly robust in lots of stuff over a lot of time, like the past couple thousand years. http://en.wikipedia.org/wiki/Pareto_distribution Not to say that the distribution should be like that, but that is how it always seems to wind up. Further, within the 20%, the top 20% of the 20% have 80% of the 80%. Within that... you get the idea. 

Wed, 05/15/2013 - 05:39 | 3563937 Seer
Seer's picture

So, the "Rule Book?"  Thus is was said, and so it became...

Tue, 05/14/2013 - 22:26 | 3563232 lolmao500
lolmao500's picture

I can't believe that among all the people that have lost everything... nobody has tried to ``get even`` with the scum that did it to them... especially when they see that the JustUS department in their country does nothing about it...

If people had guts, there would be at least one attempted assassination on either a bankster or a politician in the west EVERY SINGLE DAY.

Tue, 05/14/2013 - 22:35 | 3563261 Yes_Questions
Yes_Questions's picture

 

 

Someone "tried" this

But, I can see your Every Single Day scenario playing out soon.

Tue, 05/14/2013 - 22:50 | 3563302 Savyindallas
Savyindallas's picture

we are a nation of sheeple- at least in  the 1930's over a third of all Americans listened to Father Coughlin  -people like Henry Ford, Charles Lindberg and Amrican Congressmen could speak the truth - today the Orwellian matrix has dumbed down and corrupted us with lies and propaganda -the ever shrinking middle class is bought and/off and intimidated into subservience - we slip into the police state and wait for a feudal society where the elites brutally rape and pillage in a manner far more brutal than what we experience today. Serfs are largely appeasers -they live in fear and in an environment of intimidation. We have been trained like Pavlov's dogs and the other guy who explored conditioning of rats in mazes through electro shock (can't remember his name) The final battle will come soon. We will soon be tested - I am cautiously optimistic -more based on faith and hope -that we will withstand the test and prevail.

Wed, 05/15/2013 - 00:18 | 3563595 suicidalpsychologist
suicidalpsychologist's picture

enough with the conspiracy theories, there is no conspiracy; just people with shared interests and thinking alike who stick together to fuck others in the ass. It's a free for all, 7 billions of animals struggling for their own survival, and if it means surviving at the detriment of others, then so be it.

Tue, 05/14/2013 - 22:54 | 3563326 A Middle Child ...
A Middle Child of History's picture

Just wait. Its coming.

Wed, 05/15/2013 - 01:41 | 3563725 Professorlocknload
Professorlocknload's picture

People don't have guts. They are issued by Princes when needed to persue an agenda, then taken back when the mission is accomplished.

 

Tue, 05/14/2013 - 22:29 | 3563241 SillySalesmanQu...
SillySalesmanQuestion's picture

I live near Dayton too, in SE Montgomery County. I travel to Cleveland, Toledo and they all look like hellholes.  Is there any doubt that these urban areas are blighted and never coming back. Whole blocks of houses and properties are vacant and boarded up.

Tue, 05/14/2013 - 23:49 | 3563513 jerry_theking_lawler
jerry_theking_lawler's picture

democracy at work.....sure wish we had a republic form of .gov....oh wait.

Wed, 05/15/2013 - 05:46 | 3563940 Seer
Seer's picture

Oh yes, an ideology will overcome the shortcomings of the failings of "perpetual growth on a finite planet."

For those who haven't been paying attention- it HAS BEEN the case that a handful of people have been making the decisions for the majority.   That these people do so in a pandering way to the majority ought not be confused as "democracy*."

* No, I don't believe that democracy can work beyond a given group size (I believe the proven number is somewhere around 128 or so).  BUT, I also don't believe that any "republican" form of govt is going to work beyond a given size either (and this is already pretty much proven- we're just hanging around while the patient is dying).

Tue, 05/14/2013 - 22:30 | 3563247 Curt W
Curt W's picture

Tyler, go here and look at Jon Stewarts video

http://libertyblitzkrieg.com/

Tue, 05/14/2013 - 22:32 | 3563251 SeeNoEvil
SeeNoEvil's picture

American$ have even less choice than they realize as their economic future is being decided by experiments by Prinston an Harvard PHDs . By the time the majority of Americans realize just how screwed they really are it will be too late . Hope is a useless sentiment if your not taking action to prepare for the coming collapse 

Wed, 05/15/2013 - 00:27 | 3563607 suicidalpsychologist
suicidalpsychologist's picture

who would suffer the most when SHTF? people living in cities who own nothing and rent everything, live day by day. They are responsible for being so dependant of the others/each others. People in the country who own house land and guns would rally and survive just fine, would even probably be defended by what remainsd of the army/police forces as they would feed them. I have no problem with that as they re often way more decent people than those living in the citites.

 

Babel, guys, Babel.

 

Ironically,  people in cities who enjoy watching soap on tv about apocalypse, zombies and other bullshits dumbass stories, without realizing they wouldnt be on the side of survivors the day SHTF. They hve nothing, come from fucked up dysfunctional atheist families where you cant count on anyone. You know, 9 to 5 dudes who think they re all tough because they kill people in video games all evening and night long, yet never shot a real gun in their lives. They dont realize they d be the ''zombies'' in real life, the countless, useless canon fodder butchered by armed and well fed survivors.

Wed, 05/15/2013 - 05:53 | 3563947 Seer
Seer's picture

So, let me guess, YOU "own" a house, land and guns?  And what is "rally?"

Do you know that those who enter a Ponzi earlier in the game come out better than those at the end?  Younger folks, being that they had no ability to join in the Ponzi earlier, are going to be screwed.

"dysfunctional atheist families where you cant count on anyone."

Really?  Only atheists have dysfunctional families?

I really hate it when folks put forth some semblance of meaning in a post and then completely fuck it up by trying to sneak in some marketing shit...

Wed, 05/15/2013 - 07:15 | 3564042 drdolittle
drdolittle's picture

Yeah, so far so bad with his posts.

I found myself halfway agreeing and it made me quite uncomfortable.

Do think country folk will hold up better.

Tue, 05/14/2013 - 22:36 | 3563264 Oldwood
Oldwood's picture

And I thought for sure by now we would be "winning". Recovery is not. truth is not. jobs are not. peace is not. freedom is not and the constitution is not...winning.

Wed, 05/15/2013 - 05:54 | 3563948 Seer
Seer's picture

Enough with this negativism!  Please get on-page!  USA NUMBER 1! </sarc>

Tue, 05/14/2013 - 22:38 | 3563269 Monedas
Monedas's picture

In Mexico .... the slums are getting better .... cardboard shacks .... being replaced with brick and mortar .... no negroes to speak of ?

Wed, 05/15/2013 - 00:56 | 3563661 RafterManFMJ
RafterManFMJ's picture

Sold! I'm moving in next to Fred Reed.

Wed, 05/15/2013 - 01:54 | 3563747 Professorlocknload
Professorlocknload's picture

Ajijic!  See ya there! No 'feddle meddlin'. Pay refreshments for gumnut services local and direct. Cut out the middle man.

Tue, 05/14/2013 - 22:41 | 3563276 Yen Cross
Yen Cross's picture

    Trading is NOT for the ILL of Heart. Trading is a life style. Trading is FREEDOM from the outside, NOT Yourself.

 

      Gotta love London, for some game ;)

Tue, 05/14/2013 - 22:42 | 3563282 Curiously_Crazy
Curiously_Crazy's picture

Are our best days behind us, or are they still ahead of us?

The rhetorical question of the year award is in the bag for that corker.

 

Pessimism mode: off.

Off

OFF I say.

Oh shit that's right the damn switch broke years ago

Tue, 05/14/2013 - 22:53 | 3563317 Cabreado
Cabreado's picture

"Are our best days behind us, or are they still ahead of us?"

That's not the appropriate question to ask.

The question to ask is:  now that our best days are behind us, do we have the wherewithal to consider and protect the mission, or will we let it go altogether?

The equation in need is one of pragmatism and humility.
The pragmatic part is where we denounce once and for all The Corrupt who stand in the way.

Wed, 05/15/2013 - 05:58 | 3563953 Seer
Seer's picture

"do we have the wherewithal to consider and protect the mission"

Which would be?

If folks truly wish to set things right then the ONLY way to do so is to rewind and start from the very beginning.  Question the premise!  Can we really expect any different results from basing our existence on striving for perpetual growth on a finite planet?

Wed, 05/15/2013 - 21:44 | 3567541 Cabreado
Cabreado's picture

Old thread, but will reply for posterity's sake...

You went full-tilt without understanding a word I said.
In fact, it's obvious you didn't even attempt to.

"Can we really expect any different results from basing our existence on striving for perpetual growth on a finite planet?"

You really decided, all on your own, that that is the mission I was referring to?

Check your lens, Seer.

Tue, 05/14/2013 - 22:54 | 3563324 Hopium Dealer
Hopium Dealer's picture

Can we stop pretending that diversity is a good thing and blacks and white are equal in America? All you have to do is look at the contininent of Africa is see it is genetic reason why they have such shitty lives with rampid rape, poverty, crime, and murder, yet when we look at cities like Detroit and Cleveland with all the murders, crime, assaults, rapes, and robbery, the reason those cities are crumbling is because of "globalization" and not because of the demographic of those cities. Give me a fucking break. 

Wed, 05/15/2013 - 01:03 | 3563618 suicidalpsychologist
suicidalpsychologist's picture

dupity dupe

Wed, 05/15/2013 - 00:30 | 3563619 suicidalpsychologist
suicidalpsychologist's picture

not all black people are worthless, just 9 out of ten. Just not all asian living in the west are smart hard working contributing citizen, just 9 out of ten. Not all tanned, muslim/arab looking are lazy, frustrated stinky assholes, just 9 out of ten. Get the picture? there are good people in every race, they just happen to be a minority and they all stick together when it matters, if their personal interests fit.

Wed, 05/15/2013 - 06:01 | 3563956 Seer
Seer's picture

If you think over-empoverished whites are going to act any different then you're as stupid as you appear to be.

The mechanisms for adjusting overpopulation aren't pretty.

Tue, 05/14/2013 - 23:01 | 3563335 sethstorm
sethstorm's picture

#2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash

That's an intentional feature, courtesy of the pattern-bill folks that took over Lansing.  They didnt get Delta City, so they'll just see about reshaping the city so that they get it. 

 

#4 7,000 Abandoned Buildings In Dayton, Ohio

When another state's government (Georgia's) interferes with Ohio to grab NCR, and the Federal government interferes to close GM, that's not exactly going to be something that helps put people into homes.  Perhaps if one were to have visited Dayton a while back, you'd still have seen the same problem - but that you had the McLin family wrecking the town.  The private sector is more or less gone unless you have a security clearance, and that's not likely to come to the average Daytonian.

That, and the University of Dayton has sucked up all the remaning growth in jobs that end up going to Notre Dame rejects.  Flyer students end up at GE's Episcenter for the good jobs, everyone else ends up at GE's high-churn call center in Kettering. 

 

Wed, 05/15/2013 - 06:10 | 3563960 Seer
Seer's picture

"That, and the University of Dayton has sucked up all the remaning growth in jobs that end up going to Notre Dame rejects.  Flyer students end up at GE's Episcenter for the good jobs, everyone else ends up at GE's high-churn call center in Kettering. "

I'm pretty sure that in times past similar things were said of the previous companies that existed then.

The PROBLEM is that we fail to understand that that which cannot continue forever won't.  ALL companies will eventually disappear at one time or another.  AND, those companies predicated on perpetual growth (puts the blindfold on and points randomly and hits) WILL most certainly go POOF.

Cities by their very definition are NOT sustainable.  It's all the bigger sucker game: many of the minorities don't have access to the HFT systems that shift things, and end up holding the bag (of shit, which bursts on them; and the racist/xenophobes out there point fingers and blame these poor suckers for being the REASON for it all to go bad).

Tue, 05/14/2013 - 23:05 | 3563362 mjk0259
mjk0259's picture

Every black city in the world is insolvent and running out of cash. Greece was worse at almost every point in it's history for the last thousand years. At least now they don't have Turks demolishing the buildings of earlier times. Despair in France? Where are the refugees fleeing to US or Africa? Spain was poor even when they were looting the gold and silver from 1/4 of the planet. Chinese build a city better than most US ones every couple months. Average income has soared while in US it has declined.

 

 

 

 

Wed, 05/15/2013 - 02:07 | 3563775 Hengist
Hengist's picture

I think not the Chinese concrete mix is crap and will deteriorate in less than 10 years and as for the plumbing and electrical work well quality is not job one in China, they also build cities in the middle of nowhere for no apparent reason.

Wed, 05/15/2013 - 06:17 | 3563968 Seer
Seer's picture

"Chinese build a city better than most US ones every couple months."

Are you fucking high?

This is central planning work to the max.

If shit isn't used it's not really functional, in which case what matters the "quality?"  The ghost cities of China are no more than artwork.

I recall a saying supposedly from folks in the USSR along the lines of "they pretended to pay us so we pretended to work."  Yeah, things aren't great in the US, but...

And, really, pump it up, pump back up the "construction boom" since we know what wonders it brings...

Tue, 05/14/2013 - 23:15 | 3563399 IamtheREALmario
IamtheREALmario's picture

Dictator O' says: "let them eat cake".

Tue, 05/14/2013 - 23:18 | 3563413 curious1
curious1's picture

http://www.economonitor.com/blog/2013/05/news-alert-fed-announces-round-...

 

Chairman Bernanke insisted “It is time to throw out all the stops. We’re going for broke. We will buy anything for sale. You name it, we’ll buy it.”

He admitted that the Fed has been secretly buying equities through its dealer banks. QE4 is going straight to Wall Street. Bernanke argued “Look, if several Trillion dollars of Fed purchases of stocks won’t push the Dow to 45,000, I don’t know what would.”

Bernanke said the Fed will also stand by to purchase homes. He’s heading to Detroit tomorrow to see what’s for sale.

Wed, 05/15/2013 - 06:20 | 3563976 Seer
Seer's picture

Wouldn't it be more efficient to just buy out the reporting pieces for the markets?  This way one could just announce whatever number one needed.  Seems that it would be a lot easier than having to do a bunch of individual negotiations and end up having to play with a lot more numbers in the books.

Tue, 05/14/2013 - 23:56 | 3563533 DaveA
DaveA's picture

According to UNICEF, 22,000 impoverished children die daily...

OK, Mr. Sally Struthers, what if we could wave a magic wand and abolish child poverty forever? Free food and vaccines for every child on Earth, and their children, and their children's children...welcome to the Idiocracy. Ethiopia's population has doubled since we didn't let nature take its course in 1985, and they're starving again.

In the absence of strong moral guidance (which UNICEF rejects out of hand), humans behave like any other animal. Make all the children they can, letting starvation, disease, and predation* keep the population at a sustainable number.

*Apex predators often prey on their own species, either for food or to eliminate competition.

Wed, 05/15/2013 - 06:29 | 3563987 Seer
Seer's picture

I read things like this and take it as something to make myself more humble.

I agree that nature will take its course.  But, we shouldn't be looking at this as though it's only something that's applicable to "those" countries.

I actually think that the Green Revolution will end up being the greatest contributor to mass die-off than anything else.

True "strong moral guidance" cannot exist without the understanding that there cannot be perpetual growth on a finite planet.  Obviously this gets into the really nitty gritty part of analytics...

Wed, 05/15/2013 - 00:03 | 3563558 Hulk
Hulk's picture

Lord Monckton just put out a piece titled the usa and the dollar are toast

http://www.wnd.com/2013/05/the-dollar-and-the-usa-is-toast/#MZjqFZzvdls1skvk.99

 

Wed, 05/15/2013 - 06:22 | 3563966 falak pema
falak pema's picture

Thatcherite and neo con ultraliberal; great believer in UK's nationalist knee jerk (Farage's mentor) and opponent to all that is universal and liberal (typical rancid elitist). 

Undoubtedly thinks that the Reaganista deregulation revolution and City's bamboozling, Shetland island trusteed for nondom oligarchy of Ruski/araby, corrupt construct was the greatest achievement of Rule Britannia since Waterloo and Trafalgar.

Sour grapes from the man who derides FDR's welfare state and extolls Reagan/Thatcher maniacal true road to serfdom legacy for the 99%.

Once dementia sets in, it knows no bounds. Those catholic kings of neo-con world in tatters both died from it. 

The neo-cons now reap what they have sowed, and we along with it.

Lord Monckton having been a fellow traveller on that road wants to get off the Titanic now.

He should read Kerouac's "On the road" for existential solace.

Wed, 05/15/2013 - 00:09 | 3563573 Eahudimac
Eahudimac's picture

 

What is most depressing is that still, after all of this bullshit, most people still think Obama can do no wrong, Democrats are for the little guy, Republicans  - well, who knows what the fuck they stand for, real or perceived. Most people have no idea what the hell is going on and they don't give a shit. They will cheer on these assholes in government and the Fed as long as there is football on TV, Jay-Z on the iPod, SNAP cards in the mail and free shit from the gubbermint. Oh, and lest I forget the other end of the spectrum  - all of those making their living off of government grants and programs for things like studying the effects of cow farts on climate change, IRS agents, Homeland security goons, etc. They are parasites too. A government regulatory or security job is where those that can't hack in the real world go to act out their superiority complexes. Here is a great article that will piss you off:   http://www.fee.org/the_freeman/detail/most-outrageous-government-waste#axzz2TKUi3Ici

Wed, 05/15/2013 - 02:29 | 3563805 andrewp111
andrewp111's picture

Well, think about this one. Suppose the SHTF before the Midterm election, and most bank deposits are Corzined worldwide. The FDIC delays payment indefinitely because the Treasury has hit its debt limit. All your money is gone and your employer simply disappears without warning. You know the nature and ideology of our 2 political parties. You also know that the Democrats will have very bad ideas for fixin' the problem, and the Republicans will have none, but instead will  be running around like squirrels in a hailstorm. Which party do you vote for in the Midterms?

Wed, 05/15/2013 - 06:37 | 3563998 Seer
Seer's picture

"What is most depressing is that still, after all of this bullshit, most people still think Obama can do no wrong,"

Really?  Hyperbole much?

http://www.realclearpolitics.com/epolls/other/president_obama_job_approv...

It's a nit-pick, but in the defense of logic and reason...  I'll grant you that it FEELS like it, but numbers are numbers...

One could likely go back and look at the numbers and sentiment during the Bush II administration and find pretty much exact thing.  The puppet masters are doing a remarkably good job in distracting us I'd say...

Anyway, growth is ending.  Everyone will be looking to eat everyone else.  Now's the time to start painting targets I suppose...

http://www.youtube.com/watch?v=BI7KJnRlsS4

Wed, 05/15/2013 - 00:11 | 3563579 Westcoastliberal
Westcoastliberal's picture

Ladies and Gents, I've got to clue you in if you've not already heard, there are about 4 predictions, from various sources, using different methodologies, who are predicting TSHTF before the end of this month (May, 2013).

No one can be certain, but some of these 4 have been accurate in the past.  Be sure you watch the other post with the Colombia professor here on ZH; it's chilling.

The West coast especially may be going walkabout soon.  Good time to get extra cash, PM's, ammo, whiskey, and extra food.  Top off your vehicles too.

Just sayin'.....

Wed, 05/15/2013 - 01:00 | 3563667 RafterManFMJ
RafterManFMJ's picture

How about some links?

Wed, 05/15/2013 - 01:54 | 3563746 Hengist
Hengist's picture

So you are saying a large chunk of continental crust is going to grow legs and disappear somewhere else maybe with a better climate?

Wed, 05/15/2013 - 02:01 | 3563762 Professorlocknload
Professorlocknload's picture

Cool, hangin' ten in Tuscon! 

Wed, 05/15/2013 - 02:18 | 3563790 andrewp111
andrewp111's picture

Predictions like this tend to be early. Way early.

Wed, 05/15/2013 - 02:17 | 3563788 Joe A
Joe A's picture

There will be blood. Question is whose?

Wed, 05/15/2013 - 02:55 | 3563826 Iam Yue2
Iam Yue2's picture

WHY DO STARS ALWAYS SHINE BRIGHTEST AFTER THEY DIE?

Wed, 05/15/2013 - 05:31 | 3563928 Julian
Julian's picture

I would be inclined to take the Economic Collapse Blog seriously if it wasnt for all the crap he's selling on his website...porn for preppers

Wed, 05/15/2013 - 08:36 | 3564185 22winmag
22winmag's picture

Sites like ECB and SHTF and many others absolutely depend on fear and paranoia to make a buck.

Wed, 05/15/2013 - 05:46 | 3563939 falak pema
falak pema's picture

the ongoing disputes on the peak oil and alt energy memes : 

http://www.lemonde.fr/planete/article/2013/05/14/d-ici-2018-l-offre-mond...

(World oil production to increase by 9% over next decade).

And this alt energy projection : http://www.businessinsider.com/rise-of-solar-power-2013-5

The true route to resolution of capitalism's crony corrupt financial/political breakdown of first world construct lies in the following equations :

1° How to increase world productivity of essentials without relying on mORE consumption. We have to break the hyperconsumerist link to ensure economic/ecological well being on planet. More quality less quantity.

2° How to improve renewable alt-energy production and primary energy efficiency balance and storage.

These are the new positive frontiers. 

The negative frontiers or Rubicons  are to avoid regression into world wars and to cut the umbilical chord of financial machiavelism now rampant; aka stifle the current Pax Americana momentum, the cause of this careening corruption of world resources.

Wed, 05/15/2013 - 06:30 | 3563990 egoist
egoist's picture
Wed, 05/15/2013 - 06:36 | 3563996 AnAnonymous
AnAnonymous's picture

How can so many people be living like that in a world with such wealth?
_________________

Easy. This is an 'american' world.

Welcome to an 'american' world. It is a cosy place to live in, you'll see.

Wed, 05/15/2013 - 06:43 | 3564004 akak
akak's picture

Welcome to the Chinese Communist world.

It is a cozy place to live in .... that is, for real people, which is to say, for Han Chinese people.  Not all those "foreign devils" and "half-man, half-thing"s.

Just ask the Tibetans about how the Chinese Communist imperialists have treated them (those that are still left alive) --- you'll see.

Wed, 05/15/2013 - 09:09 | 3564285 TheFourthStooge-ing
TheFourthStooge-ing's picture

Tibetish slave traders, another good example of the impossibility for Chinese citizenism citizens to picture themselves as they are.

Chinese Citizenism Communautist civilization is in such a drain that people who messed up their territority in such a way are laudated.

Tells so much about responsibility.

Thu, 05/16/2013 - 07:21 | 3568217 Mark Urbo
Mark Urbo's picture

Welcome to socialism you idiot...

Wed, 05/15/2013 - 08:14 | 3564134 MilwaukeeMark
MilwaukeeMark's picture

Here's the report from Milwaukee, former 11th biggest city.

Milwaukee is rotting from the inside out.
When I was a kid, a drive through the inner city involved rolling up the windows (no a/c back then) and a two minute ride at +5 over.

Yesterday, my drive through took 1/2 hour. Fortunately I have a/c so my windows were already up. Now I drive it at + 20 and I have a CC permit and Glock 27 in between the seats. Don't worry about a speeding ticket as the cops are a full hour or two behind on domestic disturbance calls. Burglaries are no longer responded to, you must come down and fill out a report.

The streets are full of listless black teen boys hawking drugs or looking for any easy score from some inattentive white passing through. Their pants hang below their knees so it's easy to outrun them if you know what you're doing.

Our democrapic mayor (Barrett, a typical pandering crumbling big city career politician) has split his attention between pushing a federally funded $200m street car that travels 6 blocks (connecting two dead city parts together) and fighting Gov. Scott Walker (who he lost the election to not once once but twice) who wants to allow city of Milwaukee workers the right to move out of this hellhole of a city. Barrett opposes it and calls it racially motivated.

That's my report.

Wed, 05/15/2013 - 08:53 | 3564230 FreeNewEnergy
FreeNewEnergy's picture

All this sounds "definitely bullish" (Tepper term) to me.

Wed, 05/15/2013 - 09:02 | 3564261 RaceToTheBottom
RaceToTheBottom's picture

From the best financial movie known to man "Caddyshack"...

"I don't think the heavy stuff is going to come for some time now">

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