This page has been archived and commenting is disabled.

Jim Rogers Blasts "This Is Going To End Badly... And The Rest Of The World Knows It"

Tyler Durden's picture




 

The only thing exceptional about the USA is "its the largest debtor nation in the history of the world" is how Jim Rogers begins this brief interview with RT and he doesnt back away from the rhetoric. The sad truth, he notes, is that the US "has been kicking the can down the road for years..." how do you think we got so much debt, he chides. "Every year that goes by we go deeper and deeper into debt," adding, rather ominously, that it "will be solved one way or another." They will kick the can once more; then next week, we will be told that the problem is fixed and compromise is here. However, Rogers warns, eventually the market is going to turn away; "this is going to end badly... and the rest of the world knows it."

 

For some clarifying thought before an onslaught of headline hockey in US equity markets, Rogers comments are a must view to comprehend the game we are playing...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 10/15/2013 - 21:51 | 4058970 TruthInSunshine
TruthInSunshine's picture

Because Obama.

Tue, 10/15/2013 - 21:53 | 4058985 fonzannoon
fonzannoon's picture

Rogers owns the dollar and also says gold is heading to $900.....

Tue, 10/15/2013 - 21:56 | 4058996 tsx500
tsx500's picture

>>>>> Jim Rogers, True American Patriot

>>>>> BHO , True American Patriot

Tue, 10/15/2013 - 22:09 | 4059050 Arius
Arius's picture

yes, we are all patriots ... correct me if i am wrong but isnt this the same Jim Rogers who was the partner of old George Soros back then ... 

playing with mirrors my man is the same people, dont expect me and you to have the camera in our face, enjoy your ZH posts ...

Tue, 10/15/2013 - 22:14 | 4059062 LetThemEatRand
LetThemEatRand's picture

It's important to keep in mind that it's not what they do, it's what they say.  Or look in the mirror on that one and it will make more sense.  Jim does say some good red meat shit, though. 

Tue, 10/15/2013 - 22:18 | 4059079 Arius
Arius's picture

yes, he does, its all part of the package...dont expect though to tell you the whole deal. the same goes for Soros ... they are made of the same cloth ..

red team blue team version of the financial world ...

Tue, 10/15/2013 - 22:53 | 4059204 Landotfree
Landotfree's picture

Jim Rogers is correct, it's not going to end well for a bunch of walking unfunded liabilities... a lot of of them are going to be liquidated this time.   But I would correct him in saying the system is built on kicking the can as far and as long as possible... I have no idea what his point is.   The last place I would want to be is in Asia with a 4 billion population there Jimbo.... good luck to ya.   Everything is working as planned... expand, fail to expand, collapse and then liquidation of the walking unfunded liabilities.

Wed, 10/16/2013 - 03:46 | 4059532 Boris Alatovkrap
Boris Alatovkrap's picture

Reagan is create Voodoo Economics, but Obama is create Zombie Economics.

Wed, 10/16/2013 - 05:56 | 4059616 GetZeeGold
GetZeeGold's picture

 

 

Reagan reminds me of my grandad.....Obama reminds me of my local pimp. Except even the local pimp doesn't lie that much.

 

Obama needs his own version of Ground Hog Day......where everything he says has to be the truth....talk about a living nightmare for the guy!

Wed, 10/16/2013 - 05:59 | 4059623 Element
Element's picture

 

 

"This Is Going To End Badly"

People really need to a new line, this one is worn-out to the point of meaninglessness.

Wed, 10/16/2013 - 07:50 | 4059746 kralizec
kralizec's picture

Easy for someone to say in Bankok surrounded by cheap booze, cheap drugs and cheap whores...

Wed, 10/16/2013 - 08:09 | 4059784 1000 splendid suns
1000 splendid suns's picture

Watch the latest video by Maloney over at goldsilver and you'll realize this is just more financial doomporn. The only way to change the debt problem is to change the monetary system. We have a debt based society and the ones driving the turnip truck don't see it as a problem.

Wed, 10/16/2013 - 08:42 | 4059844 Againstthelie
Againstthelie's picture

While sane people will agree what Rogers say, it is absolutely correct that Rogers also doesn't touch the real core of the problem: debt based money with compound interest needs exponential growth.

But look how stupid the masses are. They don't even recognize that the two parties are only two sides of the same coin. Then there are the more clever ones like Rogers, who know that it's all a charade. And how tiny is and always will be the fraction, that is interested in the fact, that the western monetary system with private banks creating debt based money from thin air?

I more and more tend to believe, that the human species is an evolutionary blind alley: the mass is way to stupid to recognize what is going on, while a few use this stupidity to establish and perpetuate the Plutocacies.

There is no hope.

 

Wed, 10/16/2013 - 10:00 | 4060120 GMadScientist
GMadScientist's picture

The word for today is: bifurcation. What you see is the beginning of the same separation between humans and the great apes happening again within the human population. Reinforcement of genetics along racial and socio-political lines will induce one population that looks more like the people you see in Wal-Mart and one population that possesses critical thinking skills and enough forebrain to avoid jail.

Which of these two populations remains after a few hundred years is the real question before us.

Wed, 10/16/2013 - 08:19 | 4059802 redpill
redpill's picture

Jim Rogers lives in Singapore

Wed, 10/16/2013 - 06:27 | 4059645 Headbanger
Headbanger's picture

Boris is say best I see of Obama economics. Laughing me so much now!

Wed, 10/16/2013 - 08:01 | 4059767 rbg81
rbg81's picture

What Mr. Rogers leaves out is that the rest of the world is doing exactly the same thing.  There are a few exceptions (Germany, Russia, China), but for the most part the world is drowning in debt.  That fact, more than anything else, is saving our bacon--for the moment.

Tue, 10/15/2013 - 23:59 | 4059341 buyingsterling
buyingsterling's picture

5 people so far think Obama is a patriot. WTF? You can call him many things, but a patriot? Please.

Wed, 10/16/2013 - 03:08 | 4059513 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is mistake Obama for parrot, maybe other who is vote is also to think same?

Wed, 10/16/2013 - 07:24 | 4059705 Ruffcut
Ruffcut's picture

Now Tom Brady is a patriot, all others in it for themselves, just per usual. Those who like to kick the shit out of people for their own giggles are the ones who will enjoy the coming clusterfuck.

Patriots, capitalists etc more like denialists and idiots.

Wed, 10/16/2013 - 10:02 | 4060142 GMadScientist
GMadScientist's picture

Fuck the Foxborough Fascists.

Wed, 10/16/2013 - 07:50 | 4059751 kralizec
kralizec's picture

Perhaps Boris mean "puppet"...as in "hand" or "butt"...

Wed, 10/16/2013 - 10:05 | 4060164 Boris Alatovkrap
Boris Alatovkrap's picture

... or "meat" ...

Tue, 10/15/2013 - 22:04 | 4059028 NoDebt
NoDebt's picture

In 10 years we'll be staring down 200% debt/GDP and having the same conversations.  (Japan is over 200% right now and they recently nuked themselves.  Still the spice flows.)

Tue, 10/15/2013 - 22:14 | 4059078 Keyser
Keyser's picture

Any reference to Frank Herbert gets an up arrow from me. 

Wed, 10/16/2013 - 08:01 | 4059768 Chaos_Theory
Chaos_Theory's picture

F-ing Harkonnens downvoted you Muad'Dib.

Wed, 10/16/2013 - 10:40 | 4060367 FrankDrakman
FrankDrakman's picture

Still the best on-screen performance by Sumner.

Wed, 10/16/2013 - 10:03 | 4060149 GMadScientist
GMadScientist's picture

Does this mean the OMB are the space navigators?

Tue, 10/15/2013 - 22:12 | 4059064 greatbeard
greatbeard's picture

>> gold is heading to $900.

I think what Jim actually said is gold could go as low as $900. Rather than making a specific prediction he was covering all his bases, like they all do.

Tue, 10/15/2013 - 22:16 | 4059071 LetThemEatRand
LetThemEatRand's picture

I bought when Jim said to buy.  Now that I know better, I'm buying more because he's saying it's going down (with my tattered assets left over after listening to Jim).  In the end he'll get to say "I told you so" some day when gold is very much higher.  The fact that he gained profit from selling to the sheep during the slamdown period will be forgotten.

Tue, 10/15/2013 - 22:22 | 4059094 fonzannoon
fonzannoon's picture

I like rogers....but he says buy a farm. Kyle bass says own an oil well or an apartment complex, Faber says own every flavor of ice cream and Schiff's brokerage company is happy to sell me fdic "insured" brokerage cd's linked to some hot dogshit index.

so if u are buying gold u better be doing so based on your own beliefs.

Tue, 10/15/2013 - 22:26 | 4059110 LetThemEatRand
LetThemEatRand's picture

I have to admit I was snowed by the Rogers/Bass/Schiff mantra.  Still up on the PM investments though I lost my ass big time on shorting the stock market thanks to these guys.   I own physical (and some PM paper sadly for trading) because of my own beliefs.

Tue, 10/15/2013 - 22:38 | 4059161 fonzannoon
fonzannoon's picture

well at least u can call it like u see it. That's going to help you more than anything any of these guys will do for us.

Tue, 10/15/2013 - 23:31 | 4059286 acetinker
acetinker's picture

...because of my own beliefs.  You stay true to that, Rand.  Whatever that entails, because in the end, it's all we have.

Tue, 10/15/2013 - 23:38 | 4059305 El Tuco
El Tuco's picture

Don't fight the FED. You won't win. Cash is not a bad place to be. Buy with both hands when the world is ending and the market rolls over. The only way you're going to get rich off gold is turning it into trinkets and selling it to my wife...

 

Tue, 10/15/2013 - 23:50 | 4059329 Teddy Tenpole
Teddy Tenpole's picture

 

Hey, all these boomer doomer douche bags will lose you your money ;)

Wed, 10/16/2013 - 05:02 | 4059579 TWSceptic
TWSceptic's picture

If you sell at the wrong time then yes. But that's your responsibility, not theirs.

Wed, 10/16/2013 - 10:09 | 4060204 GMadScientist
GMadScientist's picture

If their advice is useless, why do they keep putting mics in their faces then?

Jim Rogers, like anyone else you've seen on TV, is selling; that's what those cameras are for.

"All you read and wear or see and hear on TV is a product begging for your fatass dirty dollar;  shut up and buy, buy, buy,...send more money!" - Tool, Hooker with a Penis

Wed, 10/16/2013 - 00:27 | 4059377 dannyboy
dannyboy's picture

Lole, clearly didn't listen to zerohedge then :) They are long-term investors, not short term traders.

Eventually they will be right, so if you put your money there and come back in 10 years yes they will be right. As for the inbetween, theres Zerohedge :).

Wed, 10/16/2013 - 12:41 | 4059435 One World Mafia
One World Mafia's picture

----

Wed, 10/16/2013 - 05:01 | 4059574 TWSceptic
TWSceptic's picture

Schiff never recommended anyone to short the stock market. Actually he predicted that stocks would go higher because of inflation. Take responsibility for your choices.

Wed, 10/16/2013 - 12:43 | 4060374 One World Mafia
One World Mafia's picture

That is true, but on a short term basis he's speculated on air many times, right after gold and oil went up, that it looked like they were setting up to go higher.

As for longer term he's seen many crashes ahead for stocks when the time comes for the country to face its problems, but then wouldn't gold go down for the same reason?  What would drive it back up is if China backed its currency with it.

Wed, 10/16/2013 - 05:41 | 4059593 Bokkenrijder
Bokkenrijder's picture

All these guys (Faber, Rogers) are IMHO total charlatans. They are masters in remaining vague and covering all angles, so that after a while (whilst whoring on CNBC!) they can alsays say: "look, I was right!"

If Gold bottoms tomorrow and goes up, people like Rogers will say: "well, I only said it could go all the way down to $900, I never said it would," while if it craters and plunges (even more...wink wink) towards $1000 they pat themselves on their shoulders whilst talking to some CNBC/Bloomberg Asian cutie saying "well, I just knew that this was coming."

So Rogers is suddenly relatively positive on the Dollar, while for years he's been saying "I'm soon gonna sell my remaining Dollars?" What happened to farmers driving Maseratis? Same for Faber, who after years peddling Gold, suddenly no longer sees a safehaven and who, by the way, charges U$D for his Dollar-gloomy newsletters?

Let's face it, if there is really no safehaven left, then what do we need these clowns for...?!?!

The only person who, to some extend, has been fairly consistent in his long term outlook is Peter Schiff.

Eric King's KWN and Turd Fergusson are too pathetic for words, they have been calling for a bottom in Gold all the way down since $1900,-  When PM's go up then their 'market calls' were correct, if it goes down they call it "manipulation." Hahaha, must be easy to run a conspiracy theory blog that way!

Let's be realistic, if it can be manipulated down, then it can also be manipulated up, right?

The thing I really like about precious metals is the lack of counter party risk, but let's not get carried away too much thinking that gold is the panacea for all the world's economic ills.

Wed, 10/16/2013 - 07:00 | 4059678 johny2
johny2's picture

the sobering thought is that the top 8.4% of the population own over 80% of the assets. And there is enough weapons to keep it that way until the nature or God decides enough is enough. It may be more comfortable to be in these 8.4% ( and apparently even 100000 usd gets you there ) but for sure it shows how tough life is for the dispossesed.

Wed, 10/16/2013 - 08:16 | 4059796 quasimodo
quasimodo's picture

Every now and then, if in need of some great comedic relief(and you don't mind clicking 10 links to get to a story), I will tune into KWN. I'm sure it's really great if one had access to a joint or two.

Wed, 10/16/2013 - 10:23 | 4060294 GMadScientist
GMadScientist's picture

The theoretical possiblity of manipulating metals upward is meaningless in the face of banks with derivatives piled to the sky based on their ability to synthesize naked shorts to guarantee their viability.

 

Wed, 10/16/2013 - 12:27 | 4060504 One World Mafia
One World Mafia's picture

Schiff's economics theories are spot on, but everytime gold and oil go up, he jumps up & down with glee like this is the big one...they look like they're set for a big upswing.

He's only human.  Don't bet more than you can afford to be without.

He does a lot to put the word out.  I give him a lot of credit for that.

Wed, 10/16/2013 - 10:02 | 4060079 Tall Tom
Tall Tom's picture

I refuse to play in the Peper Market because it is a fraud. I refuse to buy Stocks and Bonds because it is a Fraud.

 

Unfortunately the Paper US Dollar is also a Fraud. I have told my Coin Shop Dealer that I am using a Fraudulent exchange for the Metal that I acquire. He understands that it is a fraud but accepts my Currency anyway.

 

Not only that I tell the Clerks at the local Grocer that the money I am tendering is a Counterfeit, a fraud, and a sham. Most look at me with their empty, vaccuous Zombie eyes and take my Currency anyway. I repeat the same process with any Clerk or any store which I frequent. They think that I am a nut. I really do not care what they think.

 

You must understand that I expose the fraud for what it is. If they choose not to heed my warnings then it is THEIR CHOICE.

 

I tell them so that my conscience is clear and I can sleep much better at night. FULL DISCLOSURE and TRANSPARENCY is not a Fraudulent activity. That is ETHICAL BEHAVIOR in any transaction.

 

So why actively participate in any Paper Market when you know that it is backed by Fraud? Well one does HAVE TO EAT.

 

But you can minimize your involvement and expose the Fraud to everyone that you know and everyone that you make acquaitance.

 

Who cares if they think that you are a nut. It is not about what they think at all. You look at yourself in the mirror. You live with yourself. Don't you have a conscience?

 

This is NOT DIRECTED AT YOU PERSONALLY. You may do what I do. I do not know.

 

But it is something that I want everyone TO CONSIDER. Think about it.

Wed, 10/16/2013 - 01:53 | 4059470 Kirk2NCC1701
Kirk2NCC1701's picture

The more I see what's going on in the markets, Wall St and the Fed, and the more I ready ZH, the more I realize that the only "assets" to diversify in are those close at hand and w/o 3rd party counter risk.

I'm also realizing that "Market" investments are not for most people.  If you want to grow your wealth, it better be through your own efforts:  Savings or own business.  Fuck the Markets!  Whatever hell that comes is of their own making.  Karma is a bitch.

Tue, 10/15/2013 - 22:20 | 4059086 Keyser
Keyser's picture

Jim has made that $900 call several times recently, but in the context of a correction from the run since 2000. He also said it would go much, much higher when the SHTF. With the way the monkeys are pulling the levers in DC, that could be any day now. 

 

Wed, 10/16/2013 - 06:11 | 4059633 Singelguy
Singelguy's picture

Rogers, Schiff , Bass and Faber are all correct. The fundamental question is WHEN will it all collapse? No one knows. Japan has been in Zombie land for more than 10 years and still chugging along. Can the USA keep kicking the can for another 10 years or longer? Time will tell. In the meantime, as long as the Fed keeps printing and maintaining ZIRP, asset prices will continue to climb higher. Everyone knows that the markets are manipulated and the slam downs seem to be occurring more frequently. However, big corporations who have access to cheap money are buying back their stock so there is less stock for investors,EPS increases, and stock prices rise accordingly. The best strategy is to buy an index, do some hedging, and hold physical pm's. When it collapses, all asset classes will be hit in the immediate aftermath as everyone scrambles to cover and/or liquidate. The collapse when it comes, will be sudden. It is predicated upon the confidence that the markets have in the US dollar. When that confidence evaporates, the borrowing and printing days are over. At the end of the Weimar Republic, the collapse and resulting hyperinflation occurred in the space of 6 months. There were no computers or algos in those days, so this time it will happen much faster.

Wed, 10/16/2013 - 00:15 | 4059353 TaperProof
TaperProof's picture

He also said he has not sold any of his gold and he'll buy more as it falls.  I have the same mentality.  I also think 1200 is a brick floor and it will take a lot to push it below... but who knows with these crazy slam downs.  It might get pushed down, but I doubt it will hold  very long.

Wed, 10/16/2013 - 06:08 | 4059630 Gazooks
Gazooks's picture

1200 may be the brick, but its laid on 1150 foundation

 

in any case, better to hold than fold with madmen assuring our fate

Wed, 10/16/2013 - 09:25 | 4059978 RabbitChow
RabbitChow's picture

A drop below 1200 would cause the mines to quit producing.  Of course, they are smart too and have forward sold contracts for delivery at 1300.  If no one wants it at that price, they keep the income and warehouse the gold.

Wed, 10/16/2013 - 13:10 | 4061145 Bob Sacamano
Bob Sacamano's picture

I will start buying again at $1,000 gold and $15 silver.  Am betting things go farther and longer than most here think (i.e., stocks up, metals down) before reversing course.  Many fully buy into the immediacy hysteria on these kinds of sites - which frequently is a mistake (e.g., they were saying the exact same things 1, 2 and 3 years ago).  Better to take a deep breath and have a measured thoughtful plan.   The reminders of Japan's multi-decade lingering is useful in this regard.

Tue, 10/15/2013 - 23:00 | 4059226 WillyGroper
WillyGroper's picture

When did he come out w/ $900?

He sure hit the mark on his last call.

Wed, 10/16/2013 - 00:46 | 4059394 Central Wanker
Central Wanker's picture

He has said that a 50% correction from the ATH is completely plausible. That's about $900.

It may or may not happen. Should it happen, the dip to $900 is probably a very brief moment as the Chinese would be all over the place buying physical. No amount of manipulation could contain that. 

Wed, 10/16/2013 - 05:02 | 4059580 agent default
agent default's picture

He says that 50% corrections are normal in commodity bull markets, and often sites oil as an example.  And as much as I hate to admit it, he is right.  Don't take his word for it, look at the charts.  He does have a  valid point.  Painful, but still valid.

Tue, 10/15/2013 - 23:29 | 4059282 Tim_
Tim_'s picture

Jim Rogers: Gold Could Fall to $900 in Next 1-2 Years

"Commodities investor Jim Rogers tells The Daily Ticker that gold, having lost its luster as a safe haven, could drop to $900 or $1,000 in the next 1-2 years."

Wed, 10/16/2013 - 07:57 | 4059763 Charles Nelson ...
Charles Nelson Reilly's picture

At this stage I look at my stack of gold and silver as bet against the idiocy of DC politicians & the fed.

Wed, 10/16/2013 - 08:29 | 4059822 The Burning Planet
The Burning Planet's picture

Pfff. Because Gold hoarders... Show me the last time some PMs did this... yeah, didn't think so...

http://www.youtube.com/watch?v=2aCOyOvOw5c

Wed, 10/16/2013 - 09:09 | 4059925 Trucker Glock
Trucker Glock's picture

cool video

Tue, 10/15/2013 - 21:52 | 4058979 Oldballplayer
Oldballplayer's picture

As my teenaged daughter used to say, "Wait, what?"

Tue, 10/15/2013 - 22:20 | 4059073 Tsunami Wave
Tsunami Wave's picture

Of all of my friends I've informally polled and asked if they thought the US was going to default, 99% had absolutely no idea.  The also all don't know what QE is, Operation Twist, what holding the key interest rate at 0 does, and much more.  It's just so utterly awful.  There is no hope.

 

Interestingly though, they know just enough to try and insult me over the case for buying gold/silver, following Ron Paul, and try their stupid race card when I say something bad about Obama.  When I'd ultimately engage them over their stupid arguments... they all become silent afterwards and would have nothing to say at the end.  Again.. there is no hope.

Tue, 10/15/2013 - 22:29 | 4059135 Keyser
Keyser's picture

The topic of the default came up today at the office and one person immediately attacks the GOP for trying to destroy Obama's presidency and Obamacare. When I began pointing out that the GOP are fighting for all Americans, it of course fell on deaf ears. They had no idea of the rate and deductible increases nor the fact that the ACA was a mandate.  IMO, let them eat cake when the SHTF. 

 

Tue, 10/15/2013 - 22:48 | 4059180 TruthInSunshine
TruthInSunshine's picture

In 2 years (at most), the same jackasses who cluelessly defend ZeroCare are going to be whining like little cunts with pained looks on their faces when contemplating their skyrocketing out of pocket costs for shittier & shittier coverage, worsening levels of quality of care & fewer choices of doctors/hospitals/providers.

Cry like little cunts they will.

Tue, 10/15/2013 - 23:48 | 4059320 JohnnyBriefcase
JohnnyBriefcase's picture

And the worst part will be that they will have absolutely no recollection of you saying any of this stuff to them. It will be as if they came up with it all on their own.

 

These times are both interesting and lonely.

Tue, 10/15/2013 - 23:57 | 4059339 TruthInSunshine
TruthInSunshine's picture

Yep, most of them will feign ignorance, or memory loss, or they'll claim the were tricked.

Some will even blame George W. Bush (like they now do for the shredding of the 4th Amendment).

Wed, 10/16/2013 - 00:33 | 4059381 James-Morrison
James-Morrison's picture

We can at least tell our children we lived in the "golden age" of healthcare:  those who had healthcare had good care, those who didn't had shitty care.

Now in the "bronze age" everyone is equal:  we all have shitty healthcare.

FORWARD!

Wed, 10/16/2013 - 04:48 | 4059567 mvsjcl
mvsjcl's picture

All but the anointed exempt.

Wed, 10/16/2013 - 07:52 | 4059755 kralizec
kralizec's picture

For now...

In time the starving angry mob will revoke all exemptions.

Wed, 10/16/2013 - 09:20 | 4059951 Trucker Glock
Trucker Glock's picture

Some will even blame George W. Bush (like they now do for the shredding of the 4th Amendment).

Are you saying GW had nothing to do with the shredding of the 4th Amendment?  His signature is on the Patriot Act.

Edit:  Or, are you referring to the fact that Maobama supporters refuse to blame Maobama for ANYTHING?

Wed, 10/16/2013 - 07:09 | 4059686 overmedicatedun...
overmedicatedundersexed's picture

President of" all the people"..Bush II, give this lip service (medicare D drug cov, no child left w Ted Kennedy), Obuma spits in the face of this old truism.. but by doing so he heats the conflict of his left vs the right. Democrats ran our fed gov for 40 yrs and still tried to keep  a D president looking out for all the people  PR ,not so today. Seems to me we have NO rules of the game, Those who know (cia,nsa, dia, armed forces) see this, and I am sure are very worried.

Wed, 10/16/2013 - 00:48 | 4059395 RafterManFMJ
RafterManFMJ's picture

In 2 years (at most), the same jackasses who cluelessly defend ZeroCare are going to be whining like little cunts with pained looks on their faces when contemplating their skyrocketing out of pocket costs for shittier & shittier coverage, worsening levels of quality of care & fewer choices of doctors/hospitals/providers.

Cry like little cunts they will.

**************

I think your analysis is completely wrong; this thing goes tits up, these clueless people WILL NOT remember/admit that anyone warned or explained anything to them. They will clamor for more of what they are used to, government "help" and government control/stability.

They will be told the reason they suffer is because of the rich, the tea party, right wing extremists etc., and they will froth at the mouth as the groups feared by the state are taken down financially, perhaps even gulaged.

The clueless will become the foot soldiers in .govs machine, willingly, for just the faint possibility of stolen spoils and the rush of being able to 'get back' at those they are told are responsible for their troubles and broken lives. Same as it ever was.

Tue, 10/15/2013 - 23:20 | 4059262 WillyGroper
WillyGroper's picture

They prolly want Obamacare instead of the ACA.

Wed, 10/16/2013 - 00:28 | 4059378 Nostradumbass
Nostradumbass's picture

Sorry, had to give your post a red downer for this nonsense:

"When I began pointing out that the GOP are fighting for all Americans,..."

 

Wed, 10/16/2013 - 08:02 | 4059772 PhilofOz
PhilofOz's picture

Will they ever learn? Of course the blue pill is doing as much damage to them as the red pill. FFS! When will the sheeple wake up?!!

Wed, 10/16/2013 - 10:27 | 4060313 GMadScientist
GMadScientist's picture

Just after they can admit that they were wrong for decades, which is to say, never.

Tue, 10/15/2013 - 22:50 | 4059196 azzhatter
azzhatter's picture

Yep, I find the same thing. Even family members cringe when I bring up Dr. Paul. I gave up last year, really sincerely believed that Paul was our last chance to make an attempt to right the ship. I am very lethargic now, just let it go. It's going to anyways

Tue, 10/15/2013 - 22:59 | 4059220 Tsunami Wave
Tsunami Wave's picture

That's my plan.  I'm done arguing with friends, people on the internet, everything.... it's like shoveling shit against the tide.  Let these people suffer.

 

Man, I just wanna live back in the South, like when I used to.  At least those people knew things about hunting, guns, common sense & decency.  I miss that terribly.

Tue, 10/15/2013 - 23:35 | 4059301 acetinker
acetinker's picture

C'mon back!  We've the same teeming hordes you have, wherever you are.  But, the weather is much better, especially if you find yourself outdoors, y'know.

Tue, 10/15/2013 - 23:12 | 4059245 El Vaquero
El Vaquero's picture

Odd, the members of my family that I haven't convinced that this is all a shitfest have come to that conclusion on their own.  My dad still has some major misconceptions, but when I pound the data in his face, he eventually comes around.  I guess it's hard to shake off decades of USA! USA! USA! being beat into you everywhere you look, especially being born during the very beginning of the cold war.  I'm trying hard to beat the last vestiges of keyensianism out of him. 

Tue, 10/15/2013 - 23:39 | 4059307 ultimate warrior
ultimate warrior's picture

Tsunami Wave...Almost everyone of us here at Zerohedge experience what you go through. Be strong in your convictions and know their are people out there that think like you and know whats up. I could literally copy your second paragraph as my friends and family have no idea what QE, debt limit, inflation mean but if they tell me Ron Paul is crazy and gold is a bad investment. In the end we will be right. Even though we will all probably wish we were wrong. I'm drinking some (a lot) Jameson Special Reserve and listening to some Louis Armstrong and I feel all right.....we who have prepared will be all right.

Wed, 10/16/2013 - 08:06 | 4059781 PhilofOz
PhilofOz's picture

Up arrow for your choice of drink.

Tue, 10/15/2013 - 23:45 | 4059315 El Tuco
El Tuco's picture

I find it best to just smile and nod my head alot at parties or get togethers these days. No one wants to hear what I have to say or the truth anymore.

It is amazing to witness the level of stupid out there these days.

Wed, 10/16/2013 - 00:05 | 4059345 JohnnyBriefcase
JohnnyBriefcase's picture

It truly is shocking the first few times you try to "inform" some poor, lost soul about the reality they are living in. If you' re lucky they will just change the subject. At least then you'll know not to continue wasting your precious time.

Most people just want to inanely blabber on and on about things that are easy to discuss. Things like school, work, clothing, cars, sports teams and the weather are all very easy to speak about and nobody's toes get stepped on. Nobody's feelings are hurt and no one has to feel like this slow, painful societal decline might have something to do with their innability to contemplate and rationally discuss things of real importance. No one feels bad that maybe if they had taken their head out of thier foggy little world and seen what was happening around them and taken some action to right some wrongs, all this might not be happening.

No inconvenient truths or unpleasant little factoids are ever mentioned. they can go home later and feel comforted that they have made the right decisions, done the right things and all is well in their small little perma-recovery world.

Wed, 10/16/2013 - 00:15 | 4059360 Professor Fate
Professor Fate's picture

The lack of education is astounding today but, unfortunately, it goes deeper than that.  It is a complete lack of very, very, basic common sense.  And Rogers is right, of course.  It will not end well and may lead to some very dangerous times especially for old farts like me.  The only single cure, unfortunately, for the terrible mistakes of political corruption, socialism and the runaway train that is the welfare state is a "cleansing".  It must occur.  There is no other way.  So...bring out the FAT Lady and give the bitch a mic.  Its about time for her to start singing.

Fate the Magnificent
"Push the Button, Max" 

Wed, 10/16/2013 - 01:33 | 4059436 TruthInSunshine
TruthInSunshine's picture

You can lead a sheople to the clean, cold, spring fed waters of truth, but you can't force them to drink.

Wed, 10/16/2013 - 07:53 | 4059757 flapdoodle
flapdoodle's picture

Hillary is still a couple of years away...

Wed, 10/16/2013 - 07:58 | 4059765 S5936
S5936's picture

It takes a monumental effort to stay above it .
There is NO convincing them. They're asleep.

Wed, 10/16/2013 - 01:21 | 4059417 Rubbish
Rubbish's picture

Talking to my friend of 30 yrs. today, who happens to be my new condo style apartment mgr, I'm cleaning out 2 55 gal. water drums for  emergency storage and I ask him does he stock any food supplies?, nope, guns? nope, money gold silver? nope

 

God, I'm going to have to kill a lot of peeps if SHTF

Wed, 10/16/2013 - 02:43 | 4059507 geox
geox's picture

there is no hope for the... there ll be hope for us. Don't u think?

Why are we stackers otherwise?

Tue, 10/15/2013 - 21:55 | 4058988 robnume
robnume's picture

Uncle Jim is right again!

Tue, 10/15/2013 - 21:59 | 4059016 barliman
barliman's picture

 

Predicitng the sun will come up in the east requires the same skill level as the erudite Jim Rogers is displaying on this occasion.

Distracted by WSOP coverage - did Jim at least extend himself to say, "It is ALL going to end badly for EVERYONE!"

Tue, 10/15/2013 - 22:03 | 4059024 fonzannoon
fonzannoon's picture

that interview was a disaster. He totally contradicted himself. what a mess.

Tue, 10/15/2013 - 22:20 | 4059093 kito
kito's picture

I just don't understand how he views the solution as taking a chainsaw to spending. That is not a solution. That is just a faster way of collapsing the country. Period. There is no "solution". The country is past the point of solution. Im getting pissed off listening to experts who think they have the answer. I'm all for taking a chainsaw to spending. Just dont call it a "solution". Not when 65% of the population relies on the govt for income and/benefits. Collapse is coming. Pick your speed. Fast or slow. Nothing more.

Tue, 10/15/2013 - 22:23 | 4059109 fonzannoon
fonzannoon's picture

well maybe it depends where u sit. if you don't rely on the government for a handout than taking a chainsaw to spending could be a solution, no?

I agree though....it's too far gone. We have to do this the hard way.

Tue, 10/15/2013 - 22:36 | 4059154 kito
kito's picture

Define solution. If spending is the ONLY PROBLEM that you worry about, independent of anything else, then a chainsaw works. If spending is the symptom if a much greater problem, as I view it, then a chainsaw isn't putting the country back to happy times. Those days are gone. Bye bye. No solution to bringing back artificial wealth and growth. Regardless of whether you are on benefits or not. The country is on an irreversible decline. People who think a chainsaw is the solution are as clueless as the krugmans. Collapse. Slow or fast. pick the poison. THAT IS IT. EVERYTHING ELSE IS FANTASY

Tue, 10/15/2013 - 22:43 | 4059167 fonzannoon
fonzannoon's picture

will the 1% be affected by this collapse?

and put me down for slow in terms of any effect on the dollar. but fast for the middle class.

Tue, 10/15/2013 - 22:48 | 4059186 kito
kito's picture

Sure. They will build high walls around their compounds, add armour to their vehicles, hire private armed security in their neighborhoods. Just take a trip to south America. See how the 1% live in a third world. I see it in Ecuador when I'm there. They worry incessantly about kidnappings and robbery. Security becomes their way of life. They imprison themselves when they aren't taking shopping sprees in Miami. Too bad Miami won't be what it is now.

Tue, 10/15/2013 - 22:51 | 4059198 fonzannoon
fonzannoon's picture

why don't the 1% in south america move? It sounds like they can afford it.

Tue, 10/15/2013 - 22:54 | 4059216 kito
kito's picture

Because they own everything in their respective countries. They need to be there to run their empires. Every one of their kids goes to u.s. universities. I guess their hope is to have a foot on each continent.

Tue, 10/15/2013 - 23:00 | 4059224 fonzannoon
fonzannoon's picture

There may be no solution, but based on your example, having to hire some extra security and building a larger moat does not sound like a collapse for the 1%. The rest of us, I guess is another story. 

Tue, 10/15/2013 - 23:14 | 4059254 kito
kito's picture

It's about the country collapsing. It's about a fallen nation.

Tue, 10/15/2013 - 23:39 | 4059306 Anusocracy
Anusocracy's picture

There will be no solution until the last left-winger is strangled to death with the entrails of the last right-winger.

Thanks Mr. Diderot.

Tue, 10/15/2013 - 23:16 | 4059260 Anusocracy
Anusocracy's picture

The problem with government run societies is that they allow, even encourage. pathological individuals to co-mingle with law abiding people. Kick them out of society permanently.

There are 7+ billion people on earth - they are not needed. Go back to the original meaning outlaw.

Wed, 10/16/2013 - 02:08 | 4059490 chindit13
chindit13's picture

While I have no doubt you are of unassailable moral character, and there isn't another soul on this Earth who would take exception to anything you might do or believe, I wonder who else might serve on your Tribunal when it decides whose entrails will be strangling whom?

I do hope that you are not suggesting that we return to pure Darwinian Socialism so that the fittest both survive and rise to the top of society, because the most desirable traits for that philosophy are the ones that landed the current elite in the exalted positions they occupy today.  Indeed, according to the Law of the Jungle, which you seem to be advocating (unless you are suggesting we adopt a new overseeing government led, perhaps, by yourself), the elite have already proven themselves superior to you, which is why they are in a constant state of celebration and achievement and you a constant state of anger, bitterness and failure.

Indeed, if society were to operate in the manner your comments suggest, odds are that the exact same folks who sit at the top today will end up sitting on top in any future societal iteration.  That is their reward for being superior in the pure Darwinian sense, and your cross to bear for being less fit.  Look no farther than post-Soviet Russia to see that the fittest find a way to stay forever on top.

Do you have a Plan B?  Forgive my presumptions if you were just venting impotent rage.

Tue, 10/15/2013 - 23:24 | 4059270 indygo55
indygo55's picture

I had my business in Miami, Hialeah to be exact in the late nineties and everyone had bars on their windows then. There is still too much to extract to let this collapse yet. They don't care that it collapses and the Free Shit Army self consumes. But it will collapse and it will be ugly. They have their city states all set up around the planet to run to. As G Carlin said they don't care about you, not at all, not at all!

Tue, 10/15/2013 - 22:40 | 4059163 Keyser
Keyser's picture

The Federal government needs to make 32% in cuts to balance the budget. Personally, It could be done in a bipartisan environment, but not with the crew we have running the show. This is going to end badly and everyone is going to feel the pain. 

 

Tue, 10/15/2013 - 22:52 | 4059209 kito
kito's picture

You are one naive bastard

Tue, 10/15/2013 - 23:28 | 4059277 El Vaquero
El Vaquero's picture

Our entire economy is now dependant on deficit spending.  From the .gov jobs that wouldn't be possible without it to EBT to military to bankers needing "high quality" collateral.  Balancing the budget would collapse our economy.  Maybe it could be done over a period of several years, but I find that to be doubtful.  Of course, not balancing the budget will eventually collapse our economy.  Since we have let this shit get too big and entrenched, I'll pick the not balancing the budget route for crashing things just so that people get to see how fucking stupid we've been.  I actually want the house to cave in for this reason.  I would actually like to see the House eliminate the debt ceiling for this reason.  If it's going to crash, I want it to crash quickly, which means no more restraint on spending.  Tell people that our system is broken and unsustainable, tell them why and show them the evidence and they don't listen.  Fine, if they don't want to listen, then maybe congress will act like congress and shove it so far up their asses that they can taste the ink the bill was written with.  We have the government we deserve.

Wed, 10/16/2013 - 07:17 | 4059692 A82EBA
A82EBA's picture

top 10% can enjoy a slower crash with patience, more time for m&a, consolidation of wealth into fewer hands

Wed, 10/16/2013 - 02:15 | 4059494 Pareto
Pareto's picture

Means test all entitlements. Axe Obamacare. Gut the EPA, Education, HUD, GSE's and Energy as Paul suggested and you get a balanced budget in 3 years. It doesn't have to end in chaos or a Mad Max world, in my opinion.

Wed, 10/16/2013 - 06:36 | 4059650 greatbeard
greatbeard's picture

>> Gut the EPA,

Yeah, then we can be more like China.  Wouldn't that be great, living in dangerous, chemical infested squalor?

>> Education, HUD, GSE's and Energy as Paul suggested and you get a balanced budget in 3 years.

Funny, no mention of the largest budget item of all, the military.  It is very hard to take you foks seriously when you choose to ignore the $700,000,000,000.00 gorilla in the room.  EPA budget, $8.5B.

Wed, 10/16/2013 - 09:38 | 4060019 Pareto
Pareto's picture

Sorry. I forgot the MIC. You're right. But you're wrong about the EPA. If you really think the EPA actually protects the environment well then it's pretty hard to take you seriously.........

Wed, 10/16/2013 - 13:26 | 4061230 Bob Sacamano
Bob Sacamano's picture

The primary problem with the EPA is not $8.5 billion (that just basically covers lawyers and paper).   The primary problem is the thousands of regulations with no real cost / benefit.  Figure out how much is spent on compliance with all the EPA runles and lost opportunities due to EPA's rules, then you will know the true cost of the EPA.  It is many times $8.5 billion. 

Wed, 10/16/2013 - 13:28 | 4061235 Bob Sacamano
Bob Sacamano's picture

So turn entitlements into welfare (that is what means tested means).   No thanks. 

Tue, 10/15/2013 - 22:28 | 4059129 prains
prains's picture

kito, that's some might fine high steppin tonight bro! you brinngin it! When on of these dumnutt talking heads pipes up one day and says to the nation it's time to end the biggest socialist rip off in the history of humanity then he should get all the head turning attention. What agency gets the most love and funds and runs around the world fuckong it all up to justify it's means.......u guessed it, the mIC

Tue, 10/15/2013 - 23:29 | 4059278 Anusocracy
Anusocracy's picture

The military exists so that the lords and masters continue to be lords and masters and the serfs and slaves continue to be serfs and slaves.

Not much has changed with the operation of government, and the military, for 10,000 or so years.

Tue, 10/15/2013 - 23:22 | 4059267 WillyGroper
WillyGroper's picture

Does it come with air bags?

Wed, 10/16/2013 - 07:04 | 4059680 More_sellers_th...
More_sellers_than_buyers's picture

Kito, I think your blinded by the current situation.  Yes a certain percentage ofthe population will always be takers. However I don't see that number as high as it is now permanently.  If we just had good policies in place many people would get off the dole to seek opportunity.  The problem is we have non currently.  Make America an attractive place to park capital and we can turn this ship

Wed, 10/16/2013 - 09:14 | 4059942 kito
kito's picture

blinded?!?!?!?!?   go ahead cut!! please!! take away 30% of the budget. believe me, im for it!!! ask yourself what happens to the remainder of the middle class--ie govt workers---gone. so now, you have the last vestige of the middle class without jobs, plus all those we want off the dole looking for work.

wake the fuck up man. its game over. 

Wed, 10/16/2013 - 07:06 | 4059682 A82EBA
A82EBA's picture

Key point well stated, thanks. Til now i actually thought if we cut spending enough we could work our way back to prosperity.

Wed, 10/16/2013 - 08:02 | 4059773 css1971
css1971's picture

Technically there is a solution. You ranp down  the reserve ratio and replace credit with cash, ending up at 100% reserve banking.

Realistically never going to happen, they will destroy America before they lose their power.

Tue, 10/15/2013 - 22:24 | 4059104 Running On Bing...
Running On Bingo Fuel's picture

yea but it's ALL going to end in complete Disaster for ALL.

those with the ability to see the abstract are clearly seeing glitches in the matrix as each quarter marches by.

entertainment to some, horror to others.

Over.

Tue, 10/15/2013 - 21:53 | 4058989 Bawneee Fwank
Bawneee Fwank's picture

BOOM: Ironclad Proof That "This shutdown was orchestrated and planned [by] the White House"

"In less than 8 hours of the shutdown, miraculously, professionally printed 3-by-4 foot signs appeared all over the country in the tens of thousands saying this [park, facility, etc. with custom logos] closed due to government shutdown"

http://directorblue.blogspot.com/2013/10/boom-this-shutdown-was-orchestr...

Posting this again, guy makes a good point.

Wed, 10/16/2013 - 02:11 | 4059492 RmcAZ
RmcAZ's picture

Upon seeing the pictures on TV of the shutdown, this is actually one of the first things I thought of... "Did they just have these signs sitting around? If not, who was making them?"

Tue, 10/15/2013 - 21:56 | 4058995 NIHILIST CIPHER
NIHILIST CIPHER's picture

"This is going to end badly".....OK SO END IT ALREADY, PLEASE.....JUST DO IT.... FOR THE LOVE OF MIKE END THIS FUCKER AND STFU ABOUT IT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Tue, 10/15/2013 - 22:27 | 4059126 Julian
Julian's picture

careful what you wish for

Tue, 10/15/2013 - 23:48 | 4059322 Seer
Seer's picture

Why do you care?

I mean, I've got my life going and I intend to (try to) keep on doing it.  I do it whether this fucked up charade is going on or not.

I personally have no desire to see Mad Max popping up right now.  I'd like to give all these folks the benefit of the doubt that they are aware that all empire die and that this empire IS dying and that they're just trying to ease it down into the hole.  Things collapsing a bit slower means that we have the ability to, in communities, try to adjust.  It's winding down... next time we ought not believe in perpetual growth on a finite planet BS.

Tue, 10/15/2013 - 21:54 | 4058997 stinkhammer
stinkhammer's picture

the chinaman is not the issue here

Tue, 10/15/2013 - 21:58 | 4059005 Randoom Thought
Randoom Thought's picture

It is because Satanic zionist folk run Wall Street, run the media, run the state department, run the NSA/CIA, run academia and by proxie run the world ... and they send the USA and its good and trusting children into immoral murderous genocide after genocide.

When will the good people learn not to support those who are inherently evil?

Tue, 10/15/2013 - 22:03 | 4059025 Alcoholic Nativ...
Alcoholic Native American's picture

Jesus forgives them.

Tue, 10/15/2013 - 22:31 | 4059142 AlaricBalth
AlaricBalth's picture

I don't.
But then Jesus was a better man than me.

Wed, 10/16/2013 - 09:32 | 4059990 Trucker Glock
Trucker Glock's picture

"I forgive, but I never forget...or forgive." - John Lithgow as Dick Solomon, 3rd Rock from the Sun

Tue, 10/15/2013 - 22:33 | 4059143 The Heart
The Heart's picture

"Jesus forgives them."

Yes, true that.

But, that does not excuse them from karmic retribution when they reach the scales of judgment that every single heart/soul on board will eventually do also. There is NO escape from the Universal Law of Karma, or Law of Cause and Effect. All will pay the piper eventually accordingly. All must KNOW, what saves is your own words, deeds, and actions while incarnate in your human lifetime. One can always ask, what is a secret of life? Preparing for the next one. How? One day at a time creating good energy in your enviornment, and using your words, deeds, and actions for the greater good of the whole moving picture show. There is no other Way to personal salvation.

The definition of "spiritual" is believing in the afterlife.

Tue, 10/15/2013 - 22:44 | 4059173 Keyser
Keyser's picture

And karma can be a real bitch at times too. Let's hope the fuckers pulling the strings get an extra dose of karma. 

 

 

Wed, 10/16/2013 - 06:15 | 4059637 Incubus
Incubus's picture

I prefer strangling every last one of them and being an inch away from them as my hands choke that last breath out of them as they struggle for life.

 

But that's just me.

Wed, 10/16/2013 - 08:02 | 4059770 shovelhead
shovelhead's picture

"There is NO escape from the Universal Law of Karma, or Law of Cause and Effect."

 

Sez who? Some long-haired skinny guy wrapped in a sheet? Some sort of Kosmik Justice that, apparently, you will get a rain check for in this life? How comforting.

The problem with Karma is:

A) You got to be dead to get it.

B) You don't remember it, if you DO get it, so it does you no good. If you come back as a goat, all you know is that you're a just another fucking goat. Big deal.

This concept needs work.

Not buying it.

Wed, 10/16/2013 - 09:18 | 4059955 Sparkey
Sparkey's picture

Hello Heart, Karmic Retribution, the whole Karma thing appeared, in the West, with the appearance of the Hippies it is something adopted from Eastern cultures as an adjunct to Chtistianity because it just seems to belong there.

Do what you can to affect things positively, you will be happier if you do!

Wed, 10/16/2013 - 13:45 | 4061315 Bob Sacamano
Bob Sacamano's picture

"One day at a time creating good energy in your enviornment, and using your words, deeds, and actions for the greater good of the whole moving picture show. There is no other Way to personal salvation."

That my friend may be some religion's philosophy, but it is no where near Christianity as taught in the Bible (and I know you did not state that it was).  The Bible seems to teach that ALL are helpless ("dead") without the forgiveness offered only through Jesus.  Hence, Jesus must be a liar, a lunatic or Lord -- but certainly not a "good teacher" as most suggest.  It goes on to state that even our best, most rightous acts are filthy rags.   In general, it says man thinks way too highly of himself and way too lowly of God. 

Tue, 10/15/2013 - 22:44 | 4059178 acetinker
acetinker's picture

Reminds me of a bumper sticker I once lol'd.

Top line:

JESUS LOVES YOU!

Bottom line:

(everyone else thinks you're an asshole)

Wed, 10/16/2013 - 01:07 | 4059411 KennyW
KennyW's picture

Jesus forgives those who ask Him for forgiveness. The lunatics running the show now are of the same spirit that crucified Jesus 1980 years ago. Funny, a lot of the NWO people actually think they're doing God's work. Too bad their god is Satan.

Tue, 10/15/2013 - 22:36 | 4059148 Oldwood
Oldwood's picture

When will people learn to support themselves and eliminate or minimize their dependency on others? If pursuing self interest is evil we are living in a bedeviled world. its fucking murdeous world and to expect anything else is folly.  We must learn to recognized what is in our self interest rather than what we are sold.

Tue, 10/15/2013 - 23:52 | 4059333 Seer
Seer's picture

Thay're no more than carpet-baggers riding on the false paradigm of perpetual growth on a finite planet.  When you believe that you can create the infinite out of the finite then you can make up pretty much anything.

ALL wars are about resource shortages, resource shortages induced by false promises.

It's the System, don't you know...

Tue, 10/15/2013 - 21:58 | 4059006 Oldwood
Oldwood's picture

It seems to me that for the US markets to be abandoned, there must be somewhere else to go. For the market to sell off due to a loss of confidence in America, they are cashing out into dollars, right? None of these people will be satisfied with their wealth in some form of cash as they see it as a loser and many have an undying need to gamble. there has to be another market to go to before they will exit. Where...and when?

Tue, 10/15/2013 - 22:23 | 4059098 Suraj Corominas
Suraj Corominas's picture

Now you understand how and why the US spends like it does.

Tue, 10/15/2013 - 23:46 | 4059318 Fundies
Fundies's picture

True Oldwood, plenty of cash on the sidelines ATM as we'll, so any catastrophic market dip, will be bought into quick smart.

Unless you're an idiot, you can't lose.

Tue, 10/15/2013 - 23:53 | 4059336 Seer
Seer's picture

I think that the word is: Checkmate.

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