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The "Aggregation Of Rackets" That American Life Has Become Is Rolling Over

Tyler Durden's picture




 

Submitted by James Howard Kunstler of Kunstler.com,

Things that can’t go on, the prophet Herb Stein once observed, go on until they can’t. Criticality eventually bushwhacks credulity. The aggregation of rackets that American life has become is rolling over like a great groaning wounded leviathan and the rest of the world is starting to freak out at the spectacle. Instead of a revolution, we’re having a suicide party.

But don’t worry, a revolution would not be far behind. My guess is that it would kick off as generational rather than regional or factional, but it would eventually incorporate all three. A generation already swindled by the college loan racket must be chafing at the bureaucratic nightmare that ObamaCare instantly turned into at its roll-out, with a website that wouldn’t let anyone log in. Isn’t technology wonderful? I wonder when the “magic moment” will come when all those unemployed millennials join a Twitter injunction to just stop paying back their loans. If that particular message went out during this month’s government food fight, it would do more than just get the attention of a few politicians. It would crash the banks and snap the links in every chain of obligation holding the fiasco of globalism together.

So far, the millennials have shown about as much political inclination as so many sowbugs under a rotten log, but it is in the nature of criticality that things change real fast. In any case, the older generations have completely disgraced themselves and it is only a question of how cruelly history will treat them in their unseating. The last time things got this bad, the guys in charge divided into two teams with blue and gray uniforms, rode gallantly onto the first fields of battle thinking it was a kind of rousing military theatrical, only to find themselves in a grinding four-year industrial-scale slaughter in which it was not uncommon for 20,000 young men to get shot to pieces in a single day — one day after another.

Of course, things are a bit different now since we became a nation of overfed clowns dedicated to getting something for nothing, but despite the abject futility of American life in its current incarnation, there is room for plenty of violence and destruction. The sad and peculiar angle of the current struggle is that both sides in government wish heartily to keep all the rackets of daily life going — they just disagree on the distribution method of the vig.

What amuses me at the moment is the behavior of the various financial markets and the cockamamie stories circulating to explain what they are doing in this time of perilous uncertainty. One popular story is called “the energy renaissance.” This is a fairy-tale that pretends that we have enough oil at a cheap enough price to keep driving to WalMart forever. Of course, shale oil wells that cost $12million to drill and produce 80 barrels-a-day for three years before crapping out altogether do not bode well for that outcome, but the wish to believe over-rides the reality. Another laughable story du jour is “the manufacturing renaissance.” This story proposes that the “central corridor” of the USA, from North Dakota to Texas, is about to give China a run for its money in manufacturing. The catch is that any new factory opening up in this scenario will be run on robots — leaving who, exactly, to be the customers paying for what these factories produce? Think about it for five minutes and you will understand that it is just a story calculated to goose up a share price here and there, and only for moment until it is discovered to be just a story. What interests me most is what happens when the stories lose their power to levitate the legitimacy of the people who tell them.

Well, Christine LeGarde, chief of the IMF, tried to read the riot act to the American clownigarchs over the weekend, but they’re not paying attention to her. What has she done for her own country, France, lately anyhow. They’ve got their own set of rackets running over there. The Chinese are getting a little prickly, too, since they are sitting on a few trillion in US promises to pay cash money in the not so distant future. The Chinese are beginning to apprehend that future perhaps never arriving.

In case you haven’t heard: America is “in recovery.” We can play all the games we want with money, or what passes for money these days. And then the moment will come when we can’t. That moment begins to feel creepily close.

 

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Mon, 10/14/2013 - 17:49 | 4054069 negative rates
negative rates's picture

What is that? One too many shit sangwiches??

Mon, 10/14/2013 - 17:52 | 4054076 Say What Again
Say What Again's picture

Meh

Mon, 10/14/2013 - 19:17 | 4054266 Zero_Sum
Zero_Sum's picture

I +1'ed you not for your post, but for your awesome screen name and avatar. 

Mon, 10/14/2013 - 19:30 | 4054279 Say What Again
Say What Again's picture

I don't think anyone got my joke.  The article is talking about a generation awash in student debt.

Their response to the info given in this article would be,

MEH

Tue, 10/15/2013 - 10:38 | 4055819 thunderkiss
thunderkiss's picture

I'm getting tired of writers like this using incorrect data on well production in shale plays.  He says the average well costs $12 mil and produces 80 barrells/day for 3 years.  That's not right!  I'm from the Eagle Ford shale and the average well is being completed for an average of $6.5-8 mil and depending on the location the initial production is 600-1,000 BOE/day.  And even though that production rate falls rapidly from there, it sure as hell produces a shitload more than 80 barrells/day over 3 years.  Of course they're not going to solve all of our energy problems but there's great things going on in those shale plays, stop shitting on them.

Mon, 10/14/2013 - 18:02 | 4054077 hedgeless_horseman
hedgeless_horseman's picture

 

 

Racket #1 is the banks' franchise to create money out of thin air

Racket #2 is the civil litigation attorney/judge revolving door.

Racket #3 is legalized bribery in the form of campaign contributions.

Racket #4 is "free" public education

Racket #5 is cancer research

Mon, 10/14/2013 - 18:02 | 4054114 john39
john39's picture

Racket #5 is the sick-care/illness managment system that exists to steal wealth while preventing people from learning what actually would make them have a healthy life (away from the racket)

Racket #6 big agriculture with gov subsidies that produces toxic shit food that is cheap but devoid of nutrients, feeding people back into Racket #5

Racket #7 educational debt.  yes, we all must be debt slaves, one way or another.

Mon, 10/14/2013 - 18:07 | 4054122 hedgeless_horseman
hedgeless_horseman's picture

 

 

Racket #8 is religion that requires an intermediary between man and God

Mon, 10/14/2013 - 18:06 | 4054126 fonzannoon
fonzannoon's picture

I thought that was Racket #1

Mon, 10/14/2013 - 18:15 | 4054143 john39
john39's picture

you might be on to something there... and i would add a twist.  the biggest racket of all (and yet hardest to see) concerns the who is, and who is not, the true God, the creator...  have you worshiped your demiurge today? 

Mon, 10/14/2013 - 20:41 | 4054446 logicalman
logicalman's picture

I like Richard Dawkins description of the Biblical God.

I have no business interfering with your personal belief as long as that belief doesn't interfere with mine.

“The God of the Old Testament is arguably the most unpleasant character in all fiction: jealous and proud of it; a petty, unjust, unforgiving control-freak; a vindictive, bloodthirsty ethnic cleanser; a misogynistic, homophobic, racist, infanticidal, genocidal, filicidal, pestilential, megalomaniacal, sadomasochistic, capriciously malevolent bully.”

I'm an atheist, in case you hadn't guessed.

Tue, 10/15/2013 - 08:24 | 4055357 StychoKiller
StychoKiller's picture

Despite beliefs to the contrary, the Bible was written by men, trying to justify all the bad things going on in the World in their times.  God has very little to do with the resulting "literature."

Tue, 10/15/2013 - 08:58 | 4055436 N2OJoe
N2OJoe's picture

So by Richard Dawkins' definition, the Old Media may be right about O'Hitler being the second coming of God...

Mon, 10/14/2013 - 20:02 | 4054354 Kirk2NCC1701
Kirk2NCC1701's picture

+1 to each of HH, Fonz, John.  I have been saying for some time that the concept of Debt is psychologically rooted in the concept of "Original Debt" ("Sin"?).

There are 2 massive reasons this is difficult to accept intellectually: 

   1. That any "deity" (or space alien) would act like a Super-Bully for being 'disobeyed', and

   2. That a surrogate (animal, human or deity's offspring) could act as substitute for alleged "eternal" offense

What a load of iron-age sheep manure!  No wonder religious "teaching" (read: Indoctrination/Brainwashing) starts at a young age.  After a certain age, no rational child would accept these claims/teachings.

But -- like I said before -- if you accept these concepts, then accepting the concept of the "Financial Perpetual Motion Machine" that is Compound Interest + fiat money + FRB becomes easy. 

We should then not be surprised if the tribesmen who came up with all of these world-view and financial concepts, are nestled comfortably in the Top 1%.  Nor should we be surprised that a mere 2% ends up running a country or several pivotal countries.

But we digress...

Mon, 10/14/2013 - 19:56 | 4054347 aerojet
aerojet's picture

Racket #8 is religion.  Period.  All of it.

Mon, 10/14/2013 - 21:09 | 4054520 reTARD
reTARD's picture

What about non-profits and NGOs? They always use "doing good" as the camouflage for their evils. Nothing is usually what it seems on the surface.

Tue, 10/15/2013 - 10:18 | 4055736 Weisshaupt
Weisshaupt's picture

I think its high time we distinguished between the Rackets with compulsory partipation and those without. 

The Tax Man comes to my house with a threat of violence with  each and every paycheck. The Mormons and Jehovah's Witnesses show up once or twice a year.  They are well dressed. They are polite. And they never threaten to imprison me or confiscate my stuff if I decline to attend their church, or tithe to ther God. 

Are they a racket? Maybe. But until they start holding guns to my head demanding I join, they are the least of my problems, and they should be the least of yours as well.

Mon, 10/14/2013 - 18:09 | 4054128 Rainman
Rainman's picture

Speaking of rackets, how does $ 600k average annual CEO pay for a nonprofit hospital sound ? ....no wonder they can't make no profit.

http://www.cbsnews.com/8301-204_162-57607458/study-nonprofit-hospital-ceos-earn-$600000-a-year/

Mon, 10/14/2013 - 18:42 | 4054201 ShrNfr
ShrNfr's picture

By definition, non-profit organizations don't and thus won't. They also like big shiny new buildings. They also like to sponge off the government. Remember Michelle and her hospital job at the hospital that got a grant via Barry? Her salary was 400K for outreach. Yeah, she reached out and helped herself didn't she??

Mon, 10/14/2013 - 19:55 | 4054351 aerojet
aerojet's picture

And every single industry has these kinds of overpaid people.

Mon, 10/14/2013 - 18:51 | 4054218 starfcker
starfcker's picture

easy rainman, at least they are running a hospital. secretary of state john kerry makes 175k a year. cheif justice john roberts makes 225k. the little haitian and jamaican welcome centers we used to call towns and cities here in broward county florida all have staffs of ASSISTANT city attorneys that make north of 300 grand. you want to do what to my property taxes? FORWARD, to walmart!!!

Mon, 10/14/2013 - 18:17 | 4054140 Bananamerican
Bananamerican's picture

"we’re having a suicide party..."

"At what point shall we expect the approach of danger? By what means 
shall we fortify against it? Shall we expect some transatlantic military giant, 
to step the Ocean, and crush us at a blow? Never! All the armies of Europe, 
Asia and Africa combined, with all the treasure of the earth (our own 
excepted) in their military chest; with a Buonaparte for a commander, 
could not by force, take a drink from the Ohio, or make a track on the 
Blue Ridge, in a trial of a thousand years. At what point, then, is the 
approach of danger to be expected? I answer, if it ever reach us it must 
spring up amongst us. It cannot come from abroad. If destruction be our lot, 
we must ourselves be its author and finisher. As a nation of freemen, we 
must live through all time, or die by suicide."

Abraham Lincoln

Source: January 27, 1838 - 
Address Before the Young Men's Lyceum 
of Springfield, Illinois

Mon, 10/14/2013 - 18:15 | 4054148 john39
john39's picture

infiltration has destroyed many a culture.

Mon, 10/14/2013 - 18:48 | 4054208 ShrNfr
ShrNfr's picture

Your link is broken, I am afraid. Or at least it was for me. Here is an alternative one for folks who need it: http://www.constitution.org/lincoln/lyceum.htm

Mon, 10/14/2013 - 21:05 | 4054505 Kirk2NCC1701
Kirk2NCC1701's picture

The man was a 'remarkable paradox', IMO.  One one hand he was against human bondage known as Slavery, but on the other hand (thumb and four fingers) he allowed himself to be convinced that the South seceding was wrong, when in fact it was merely bad for NY bankers.

If you believe in the natural freedom of individual and groups of people to gather freely, to organize or even merge into a formal "union" of some sort, then the logic is inescapable that these same people then have the right to reverse course and disband -- at ANY level, including national level.  The breakup of Czechoslovakia into the Czech and Slovak Republics, proves that this can be done in a totally peaceful and smooth manner.

Lincoln was SOOOO wrong about not allowing the South to secede.  And I am NOT even a Southerner, but a Northerner with Libertarian views.

Mon, 10/14/2013 - 21:49 | 4054632 Diogenes
Diogenes's picture

Nobody tried to stop the south from seceding. They succeeded in seceding. Then, as a foreign power called the Confederate States, they attacked the Union at Fort Sumter. If they had not done this there would have been no war.

Mon, 10/14/2013 - 22:31 | 4054737 SWRichmond
SWRichmond's picture

The fort became South Carolina property upon secession, asshole.

Lincoln invaded a foreign nation to preserve his "legacy", not wanting to go down in history as the man whose election itself caused the breakup of the US.

 

If your premise were correct then the murderous liberty-hating traitor Lincoln would have invaded South Carolina.

Tue, 10/15/2013 - 02:59 | 4055138 fourchan
fourchan's picture

the south was right. but infesting the country with slaves was second only to the open mexican border, the two biggist mistakes america ever made.

Mon, 10/14/2013 - 22:50 | 4054808 Bazza McKenzie
Bazza McKenzie's picture

Lincoln was not opposed to slavery.  His own writing and speeches demonstrate that repeatedly.  During the war he declared "free" slaves in confederate territory while NOT doing the same in Union territory where he actually had military control.

As the person who brought about the violent deaths of 700,000 Americans, in a population far smaller than today, he certainly exemplified his statement "If destruction be our lot, we must ourselves be its author"

The sanctification of Lincoln was as well merited as that of Stalin and Mao.  But after all, the victors write the history.

Mon, 10/14/2013 - 20:34 | 4054430 logicalman
logicalman's picture

The list is much longer, but thart's a damn good start!

Mon, 10/14/2013 - 18:05 | 4054115 El Vaquero
El Vaquero's picture

Did somebody say sangwich?

 

http://www.youtube.com/watch?v=IucBp1yrr7A

Mon, 10/14/2013 - 17:54 | 4054078 Zero Point
Zero Point's picture

But.. but....

Shale oil will save us all. Dozens of financial bloggers can't be wrong.

Mon, 10/14/2013 - 17:55 | 4054086 NOTaREALmerican
NOTaREALmerican's picture

Guy is the cube next to me is learning how to gamble with stock options from a guy in another cube.

What can go wrong?

Mon, 10/14/2013 - 17:57 | 4054087 NoWayJose
NoWayJose's picture

When the suicide party is over, we will all be wishing that we are young and have a manual labor skill. Pensions, retirement funds, Social Security, welfare, and anything that relies on government transfers will disappear. The boomers will reap what they have sown - and it won't be pretty.

Mon, 10/14/2013 - 20:18 | 4054390 TPTB_r_TBTF
TPTB_r_TBTF's picture

The youngins are going off to war.  DonT envy them!

 

Mon, 10/14/2013 - 21:54 | 4054639 Diogenes
Diogenes's picture

Too bad today's young people do not have the guts the boomers showed protesting the Vietnam war, racism, and a hundred other evils. Properly organized they could make a difference. Not these lame Occupy Wall Street camp outs.

Tue, 10/15/2013 - 03:51 | 4055162 tvdog
tvdog's picture

The Department of Homeland Security infiltrated Occupy. They had snipers ready to kill the leaders if the protests had gone anywhere. And the media hardly covered the protests at all.

Much different from the '60's and '70's.

Mon, 10/14/2013 - 23:19 | 4054882 therevolutionwas
therevolutionwas's picture

The boomers didn't "have sown" it.  Alot of it was 'sown' already.  The boomers who knew what was what voted against the 'suicide party' preparations as soon as they could legally vote, and kept doing so until they gave up voting many years later.  Now they prep for the inevitable.  Yes, it won't be pretty. 

There always were those who were 'awake' and those sheeple who were not.  We awake boomers did what we could.  Sheeple are sheeple, whether genXsheeple, millenialsheeple, or boomersheeple.

Mon, 10/14/2013 - 18:01 | 4054100 Landrew
Landrew's picture

Well said James. Even here in Chile they are talking of the end of the North American Empire.

Tue, 10/15/2013 - 10:22 | 4055756 Weisshaupt
Weisshaupt's picture

Chile is going to be one of the best places to be after the collapse - especially if you can fit in as a Native.  You guys really need to do something to make sure you are not  inundated with American  refugees fleeing the collpase. They will bring the rot to you, and trust me , you don't need it. 

 

Tue, 10/15/2013 - 12:24 | 4056384 813kml
813kml's picture

It's interesting that you mention Chile, one of my good friends is in the process of setting up an environmental consultancy in Chile (Santiago) and wants me to come along for the ride if it pans out.  I have long wanted to leave the states but haven't found the right opportunity.  The more I read the more I am intrigued, Santiago seems ideal but also very crowded and it appears that there are many more have nots than haves.

As a man on the ground, what do Chileans think of the influx of Westerners?  Is there anger against foreigners coming to take the good jobs?  My friend has completed projects for the Chilean ambassador back in DC and so has an in with their government, and they would be his main client.  From what I have read the government is very stable and at least less corrupt than the US, which of course isn't saying much.  Chile is a small country, I'm wondering how long the good times might last.

 

Mon, 10/14/2013 - 18:00 | 4054106 Race Car Driver
Race Car Driver's picture

> ... when all those unemployed millennials join a Twitter injunction to just stop paying back their loans.

It would be quite simple - especially with the technology - to call a general strike of the masses. If every one were to stay home, not produce and consume as little as possible - this entire rotten system would buckle in a few days.  

 

Turn off (the TV), tune out (the mainstream propaganda), drop in (on a real family dinner).

Mon, 10/14/2013 - 18:11 | 4054136 Mordenkainen
Mordenkainen's picture

They would send the cops door to door and force people at gun point to buy more shit at Wal-Mart.

Mon, 10/14/2013 - 22:41 | 4054777 victor82
victor82's picture

Wait! What? Why do that when you can have an EBT Card Riot at Wal-Mart?

Pay for what you purchase with money you earned from the sweat off your brow? Screw that!

Mon, 10/14/2013 - 19:21 | 4054274 max2205
max2205's picture

'The internet has made it hard to govern': John Kerry

Fuck yeah it has!

Mon, 10/14/2013 - 20:49 | 4054474 logicalman
logicalman's picture

Problem is, tha masses are oblivious to what's going on.

For most, the propaganda works.

You can't fight something you don't know about......

Enter the MSM.

My approach -

Haven't had a TV since 1999.

Never had a cell phone.

No credit card.

Gave up driving 3 years ago and now cycle almost everywhere - the benefits of that are almost beyond measure.

Just had an awesome family dinner.

The best way to not lose in this insane game is not to take part (or at least, take part only as much as you are forced to)

Mon, 10/14/2013 - 21:55 | 4054652 Diogenes
Diogenes's picture

"> ... when all those unemployed millennials join a Twitter injunction to just stop paying back their loans.

It would be quite simple - especially with the technology - to call a general strike of the masses. If every one were to stay home, not produce and consume as little as possible - this entire rotten system would buckle in a few days.  

 

Turn off (the TV), tune out (the mainstream propaganda), drop in (on a real family dinner)."

So what? So what? Who would give a damn if all the unemployed millenials went on strike? How do you go on strike when you are unemployed?

They sent the jobs overseas 40 years ago. Half the country sits at home doing nothing now. The government doesn't  depend on tax revenue any more, they borrow it or print it. Big business doesn't give a shit if you buy or not, they can always get a bailout.

Forget this 1930s Mr Deeds Goes To Washington bullshit and get with the 21st century.

Tue, 10/15/2013 - 10:28 | 4055775 Weisshaupt
Weisshaupt's picture

You are missing the cultural component.  Those who are awake have already turn the technology off. 

Those who have left it on have left it on for a reason. A message calling for them to give up thier little Face Book Ego Boost,  and take on the personal responiblity of thier own care would fall on deaf ears.  They don't want to take care of themselves. They don't want to be severed from the collective.  Every police state longs for Slaves that relish being salves, and they have finally created a whole popultion of such people.

Mon, 10/14/2013 - 18:10 | 4054131 Iam Yue2
Iam Yue2's picture

"In truth, our leaders and propagandists know very well that liberal capitalism is an inegalitarian regime, unjust, and unacceptable for the vast majority of humanity. And they know too that our “democracy” is an illusion: Where is the power of the people? Where is the political power for third world peasants, the European working class, the poor everywhere? We live in a contradiction: a brutal state of affairs, profoundly inegalitarian—where all existence is evaluated in terms of money alone–is presented to us as ideal. To justify their conservatism, the partisans of the established order cannot really call it ideal or wonderful. So instead, they have decided to say that all the rest is horrible. Sure, they say, we may not live in a condition of perfect goodness. But we’re lucky that we don’t live in a condition of evil. Our democracy is not perfect. But it’s better than the bloody dictatorships. Capitalism is unjust. But it’s not criminal like Stalinism. We let millions of Africans die of AIDS, but we don’t make racist nationalist declarations like Milosevic. We kill Iraqis with our airplanes, but we don’t cut their throats with machetes like they do in Rwanda, etc.?"

Badiou

Mon, 10/14/2013 - 18:18 | 4054158 NOTaREALmerican
NOTaREALmerican's picture

Re:  And they know too that our “democracy” is an illusion

Actually, "they" is "us".

Humans stay sane by creating bullshit (aka stories) to reconcile conflicting realities existing in the brain.

The adults can transmit their bullshit to the children by living duplicitous lives.  Some children never figure this out tho.   We generally call these children Libertarians or Socialists or Diety believers.   There's alot more children than adults.

The secret of success is duplicity, the secret of happiness self-delusion.

Bullshit, ask for it by name.

Mon, 10/14/2013 - 20:12 | 4054377 TPTB_r_TBTF
TPTB_r_TBTF's picture

Another way to reconcile conflicting realities is

 

to click on the red arrow.

Was probably one of those kids who canT figure things out...

 

Duplicity only works together with "trust". 

You got to first gain the sheeples' trust ... and then run the duplicity by them.

 

Over and over again Falsehood and Envy demonstrate that crime does pay. We see it in senators who, with impunity, cheat and lie their way to retirement and are allowed to keep the spoils that paid for their deep tans, manicured nails and hair helmets, even after being caught red-handed and red faced (that explains the tan).

 

The Ponzi schemers on Wall Street gained the trust of their victims by surrounding themselves with the trappings of wealth, influence and exclusivity. Exercising due diligence would have been prudent but in the club questions are considered rude. The con artist always plays to the victim’s vanity and false pride and the lucrative cosmetics industry is well aware of that. That they can get feminists to paint their faces and balance precariously on high heels attest to their great power.

 

Are Deceit and Duplicity necessary?

 

 

Tue, 10/15/2013 - 04:29 | 4055183 janus
janus's picture

this badiou fella sounds like a fairly dangerous man...i think he hates us for our freedoms.

and he's definitely a terrorist; so much so, that if one were to for a moment entertain any doubts as to his status as such, they are themselves likewise terrorists...alas, so many terrorists; and predator drones so precious few.

janus

Mon, 10/14/2013 - 18:15 | 4054142 Polymarkos
Polymarkos's picture

CLOWNIGARCH! HAHAHAHAHAHAHHA.

 

I am totally stealing that one!

 

The party is over. Who's gonna clean up the mess?

Mon, 10/14/2013 - 18:16 | 4054154 Bananamerican
Bananamerican's picture

"si, se puede"

Mon, 10/14/2013 - 23:24 | 4054892 steveo77
steveo77's picture

LOL

 

You mean clean up the mess, or steal the phrase?

Mon, 10/14/2013 - 18:32 | 4054182 0b1knob
0b1knob's picture

Sh!thead at CIT charges $25000 at a strip club on a company credit card and then cancels payment because it was "fraudulent"

http://www.nydailynews.com/news/national/houston-strip-club-sues-man-paying-320-000-tab-article-1.1484770

He does this 14 TIMES IN A ROW.

CIT was a company which the government bailed out at great expense several years ago.  

Mon, 10/14/2013 - 18:42 | 4054196 Zero Point
Zero Point's picture

Now all those strippers will default on their student loans.

The cycle of life. Shit rolls downhill.

Tue, 10/15/2013 - 09:22 | 4055507 TheMerryPrankster
TheMerryPrankster's picture

beautiful quinton taratinoesque movie - strppers gang-up abd start killing bankers over student loans.

Goldman sachs hires bruce willis to kill them. But bruce turns on Goldfein after he finds out Goldfein foreclosed on willis house and burned it down with his family inside.

Mon, 10/14/2013 - 18:55 | 4054223 NIHILIST CIPHER
NIHILIST CIPHER's picture

@HEDGELESS HORSEMAN                        You are spot on today in the threads, just don't hold back and keep banging away. Truth is the only savior of this country short of devine intervention. ............truth is a weapon against which they cannot win. 

Mon, 10/14/2013 - 20:00 | 4054361 aerojet
aerojet's picture

Truth is a wonderful shibboleth, but what you will find is that truth is highly subjective and malleable.  That's the problem.  

Mon, 10/14/2013 - 20:55 | 4054477 logicalman
logicalman's picture

A human being can only have his/her own truth.

It's honesty that's important, and unfortunately, very, very rare.

If honesty is ever detected in Washington they call in the pest control guys.

Mon, 10/14/2013 - 20:23 | 4054401 Paracelsus
Paracelsus's picture

Articles today saying Puerto Rico is near default on muni-bonds.Is this to be our Cyprus moment? Home of beautiful women,just remember to sleep with your titanium jockstrap on.I can't understand these portifolio managers not diversifying.100% all-in muni-bonds?There will be some very disappointed investors out there,but it should make lovely wallpaper. Just when you thought it was safe to back off the Print button....The Puerto Rican people may legitimately question why the US throws money at Syria,Iraq,Afghanistan,Pakistan and elsewhere,and no bucks for closer to home. 

Oh,and now that they are junk status,we can have that whole "what constitutes investment grade" discussion all over again.If the Puerto Rican people don't mind gardening and raising their own chickens,this would be the perfect chance to do an Iceland.I would send five bucks to any co-op that espoused that objective.

Mon, 10/14/2013 - 20:25 | 4054406 BullyBearish
BullyBearish's picture

Relativity is in the eye of the beholder...as is Truth.  Speaking to a doctor recently emmigrated from China I realize his view of this country is very different from what prevails amongst ZHers.  There is MAGIC in the perception of being "better" than something really bad. 

Mon, 10/14/2013 - 21:37 | 4054591 Godisanhftbot
Godisanhftbot's picture

 Been saying 90% of everything is a racket for decades.

 

 My racket? I hope I'm dead of old age before the shit collapses.

Mon, 10/14/2013 - 21:53 | 4054647 banzai401
banzai401's picture

Well remember a few years ago there was a cartoon movie "team america"

There were fuckers, fuckee's and fucktards ...

There will always be fuckee's in every culture known to man, there will always be fucktards,

But Fucker's always rise to the top of every culture,

No doubt that the courts(lawyers/judges) are the enablers of the FUCKER-SYSTEM.

The problem is that the USA is no longer 'rich' nothing left to steal the vultures have robbed and raped the common-man to the bone, ... robbed and raped the world to the bone, the mercenary comes home to the USA, and rob's and rapes, ... smart men leave the USA,...

What is left? The mercenary feed on the remaining USA not with the means to leave,... how else was this to end?

Mon, 10/14/2013 - 22:02 | 4054663 Diogenes
Diogenes's picture

Nothing left but a little pension money and they will grab the rest of that as soon as they talk the millenials into throwing granny under the bus.

Tue, 10/15/2013 - 03:40 | 4055157 tvdog
tvdog's picture

"Team America" was meant to be satire, not a model of social organization.

Tue, 10/15/2013 - 09:11 | 4055463 TheMerryPrankster
TheMerryPrankster's picture

Actually it was a terrible rip-off of "Thunderbirds Are Go!" a marionette based movie of the 1960's.

It has its moments, but as satire it is more sledgehammer than thought provoking. If you enjoy jokes being beaten into your head, have a go.

At least Thunderbirds is unintentionally hilarious on its own, and strangely the marionettes show more emotion than either obama or cheney who actually possess movable features and a semi-human brain.

Mon, 10/14/2013 - 22:18 | 4054704 RiverRoad
RiverRoad's picture

Ah, good ol' Christine at the IMF:  The IMF was a wonderful invention to hide and disguise our massive foreign aid:  one big FAT global entitlement program.  Enough already with our tax dollars sloshing all over Europe and Asia funding their new luxury lifestyles.  And the LAST thing we need is MORE of them having a say as to who gets how much of our money.  What a joke.  Grow up EMers; reform your economies and support yourselves.   BTW you can start by selling your multi-zillion dollar apartments in NYC and paying your taxes.

Mon, 10/14/2013 - 22:45 | 4054795 Jack Burton
Jack Burton's picture

Didn't read past "generational revolution". This war of the age brackets is foolishly sold as the future. This idea feeds a certain mindset. The idea that all old people are criminals by reason of having not died young. This is a favorite of the radical right wing corporatists. Corporations seek to divide Americans of working class and middle class backgrounds. Since nothing comes to mind, other than race, they rely on setting age brackets against each other.

Look, with older folks funding their kids, making them viable, I hardly see kids killing their parents as the corporate big shoots would like to see. Whenever someone trys to sell intergenerational warfare, I look for what the writer is seeking to gain. Mostly corporate hacks, who hate the common people, and want to see them kill eachother.

Parents and their children. You really hope to set them off to killing eachother? Go fuck yourself you self serving corporate asshole cunt!

Tue, 10/15/2013 - 10:43 | 4055848 Weisshaupt
Weisshaupt's picture

Every form of Socialism divides people. Into those who take more than they produce and those who produce for them - AT GUN POINT. SSI is no different. The people producing now WILL NEVER (for its mathematically impossible)  enjoy the benefits they are providing to others.  Why soiclaists don't understand this very simple concept is beyond me. Whenever you point a gun at someone, you automatically justify them pointing a gun back at you.  Regardless of your age. Regardless of your Race. Regardless of your politcs. As soon as you use force to achive your ends ( and the govt is nothing but Force - a weapon more ppowerful than any indvidual gun) , you are dividing people - into those with power (takers) and those without. (slaves).  If these are in fact Parents and Children, why is the government involved? Why are the children not voluntarily taking care of thier parents, as those parents voluntarily took care of them?  Socialists are all alike. They have a blind spot that prevents them from distingusihing between coerced and a voluntary act.  To them, they are one and the same. These people I am funding are not MY parents. The World is not a kindergarten. We are not five years old, and other adults (much less the govt)  bear no responisiblity to take care of or provide for us. We are not all one tribe, and we are no longer hunter gatherers who share voluntarily, and pointing guns and govternments at people will not make those things happen, because they can only happen if people voluntarily enter into those relationships. Life may indeed be better if those things did happen, but your methods will produce the opposite result each and every time, because your methods are to force, to corerce, to threaten and to kill. Ask anyone under Mao, Stalin, or Pol Pot.  If the  Young fight the old it will be because of what YOU advocte-  a system of slavery. 

Mon, 10/14/2013 - 23:12 | 4054869 NIHILIST CIPHER
NIHILIST CIPHER's picture

The IMF is a racket, and Christine IS FROM CHICAGO. Fake french accent and all.  

Tue, 10/15/2013 - 03:25 | 4055148 tvdog
tvdog's picture

Life in the United States will indeed get interesting. It is a country the worships violence, where people are proud of their indifference, where "bite me" is the national motto. Everyone has a scam, and everyone thinks they've got everybody else fooled. They will beat each other to a bloody soup.

Hope I can manage to leave before it all comes apart.

Tue, 10/15/2013 - 07:27 | 4055265 deerhunter
deerhunter's picture

We learn from our parents.  We learn in our community.  We learn in a playground brawl.  We learn when to speak up and when to be quiet.  We learn there is always someone quicker or tougher.  We learn too,  sometimes quite painfully,  that we never know it all.  It doesn't take a village it takes willingness to learn.  I am tired of you boomers fucked us over so we will live in our parent's basement until 26 with health insurance on their plan and play fantasy football while we wait tables part time and get drunk on weekends.  By 26 I had three kids, two jobs and a house payment.  I graduated high school at 17 and three weeks later when I turned 18 I signed a lease on an apartment and never looked back.  College doesn't guarantee anyone a job.  For all of the 90's I was hiring and training sales reps for commission only sales postitions.  College kids all wanted 60k a year and a company car because they sat through 4 years of college.  College grads generally speaking made for shitty closers.  They had been fed for showing up all their lives.  In the real world,  sales at least,  no one cares how many school classes you sat through.  I did not break this country.  I did my job.  I did two jobs,  hell I had three jobs at the same time for a bit.  This whole age class warfare is just another way to keep people blaming others.  You live with the man in the mirror and wherever you go he looks back at you.  Sometime life sucks,  sometime it's grand.  You decide.  There is a pony in all that horseshit somewhere.  Your job,  find it.  I won't do it for you and I damn sure won't stand by while you blame me for your problems.  The world owes no one a living.  Now go back to your fantasy football, fantasy life,  fantasy everything because when reality comes around this time it is going to get very real in a very big hurry.

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