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Guest Post: Why I Stopped Worrying And Learned To Love The Currency Collapse
Submitted by Christian Gustafson of Deflation Land
Why I stopped worrying and learned to love the currency collapse
For the past 300 years, the historical pattern has been for the era marked by a century to continue into the following century by fourteen or fifteen years.
Let me explain. Everyone knows that the 19th Century, its uprightness, its optimism and sense of purpose, the halcyon days of British Empire, came to an end with World War I, starting in 1914 and building to a nasty crescendo by 1916. The 20th Century had arrived, and it had some real horrors in store for us.
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| Germans before Kraftwerk |
But if we return back another hundred years, we notice that the 18th Century ends in 1815 with the final defeat of Napoleon, that final project of the Enlightenment and of the French Revolution. With the Congress of Vienna in 1814-1815, we have a new Europe along the lines of Metternich's plan, and the 19th Century at last is here.
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| "Sorry, guys. My bad." |
In 1713 and 1714, we have the Treaties of Utrecht, Baden, and Rastatt, bringing an end to the era of Spain as a major power, and the rise of the Habsburgs. Louis XIV dies in 1715, after reigning for 72 years. The Baroque period is over, and we are now firmly in the 18th Century.
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| War of Spanish Succession |
We still live in the 20th Century. Nothing much significant has changed in our lives in the past twenty years. Symptoms of a deeper rot are appearing here and there, foreshadowing a larger crisis, but the crisis itself has not arrived yet. We still live in an era of Pax Americana, the old republic very much a strained and tired Empire now, with the U.S. Dollar as the world's reserve currency.
That is going to change.
The next task for History is to dismantle the untenable structures and institutions put in place by late Modernity, which have been extended now as far as they can go. Our debt-based monetary system will collapse, our unbacked fiats will be worthless. The debts and unmeetable obligations will all default.
There are ironies and great contradictions as the former home and hope of Liberty becomes viciously unfree and increasingly despotic. Our leaders no longer govern, but try instead to rule us -- they are less legitimate with each passing day, their laws corrupt or worse. They are nearly finished, and will be swept away with the tide.
Just as in 1914, the internationalist system will break down, dashing the hopes of the would-be first-world nations. We will probably have a pretty good war as well, or many local ones worldwide. These transitions tend to involve war.
Deflation first -- it clears the way for the complete loss of faith and hyperinflation that will follow. The next big wave down in the financial markets is the battering ram. The U.S. national debt is about faith, so is quantitative easing, and so is the very idea of magical coins that could ever be "worth" a trillion dollars. When this is faith breaks, in concert with loss of faith in perpetual growth and unlimited cheap energy, then things will move very, very quickly.
There is nothing any of us can do at this point, except navigate the rapids as well as possible, and to stay out of the way of a dying empire, which is still very dangerous in its death throes. We are actually very privileged to be alive and witnessing this next transition, to what we do not know just yet. But what an honor to live at this time, not in ignorance but with an existential resolve to come out of it alive and much the wiser.
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| Ass Americana |
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A lot of people called him Robo, but it was definitely RobotTrader...
http://www.zerohedge.com/article/confessions-former-bear
I stand corrected!. Have not seen his posts for a long time. Hot chicks usually were images associated with theme of his posts.
There are several others who don't post any more. Too bad. Anyone remember Leo who was always humping solar stocks?
RobotTarder was an grade-A asswipe, a troll and a smug pro-Bernanke, pro-Establishment conformist of the worst kind. This site is only the better for his absence.
RobotTrader was a troll and ass wipe, but watching this site break down into anarchy after his posts was priceless.
I think Leo went off to fight in the Greek Revolution.
And fighting for the oligarchs, or whichever side promises him more lucre --- that's all that really matters with him.
But no, in fact he is still having breakfast and lunch with various stuck-in-the-past pension fund managers, then bragging about it to whomever he can pin down.
Whatever happened to the commenter who posted the hotty pictures every Friday afternoon - this post needs his contribution stat!
Pretty sure that was RoboTrader but everyone was a dick to him because he promoted Lulu Lemon. This sausagefest could use some yoga pant pics!
Agreed. TD are you listening!!!?
Obese women on Amigos with their thong hanging out is humorous, but not quit cutting it.
No kidding, also that fat woman must have no shame. I would be laughing out loud if I saw something like this.
Robotrader? Haven't seen him around here in a while.
In other news: MY EYES! MY GODDAMN EYES! That last pic is probably the worst thing I've seen on ZH since that filthy fucking hippie hocking t-shirts in the ads.
House Stenographer Dragged Off House Floor During Debt Ceiling Bill Last Night, Screaming about Freemasons and Satan.
http://www.youtube.com/watch?v=5whbnXTqxVo
Speaking truth to power. The lady's name is Diana Reidy, I believe, and obviously she had gotten a belly full of these pontificating pus bags and let go. God bless her.
Re; God bless her.
But she didn't say ANYTHING about the Lizard People who run the earth?
She's a fraud.
bet she's on psycho-meds. everyone in D.C. is.
Psycho meds! Or Hopium! I hear the air in DC is as thick as fog with it!
What happened last night was like the final betrayal of the people. This poor woman was the only sane voice. She could not take this final sellout. Very sad. The evil media mocks her as a crazy person. I do not watch TV because I loathe those evil ***ks.
can that be as real as it appears to be?
if so, that's eerie as all get-out...
holy shit.
thanks for that, aeternus
Would've been more entertaining and useful, if she'd said: "Praise be to the the Fallen One, the Dark Lord cometh, he shall rise again." Or some NWO Zionist Kabal stuff.
May as well laugh as the truth is your supporting that cow. Didn't mean to insult cows.
I am sure it has got to be someone else's fault things have gotten out of hand this badly. Now to find someone to blame. Its time to blame... FREDONIA!
The NSA would like to speak to the author. They are off furlough and ready to work.
Great article,Uh, where are any suggestions on how to help oneself?.Anyone can write this crap.We know the problem, we know weare basically helpless to stop it,but how about a positive side to help us?.
Sheeeesh.
Always have a plan b. I found this awhile ago. No, it is not mine and I did not write it.
Like my little angry fish? Get your own today, google: cursing fish cafepress
100 Items to Disappear First
1. Generators (Good ones cost dearly. Gas storage, risky. Noisy...target of thieves; maintenance etc.)
2. Water Filters/Purifiers
3. Portable Toilets
4. Seasoned Firewood. Wood takes about 6 - 12 months to become dried, for home uses.
5. Lamp Oil, Wicks, Lamps (First Choice: Buy CLEAR oil. If scarce, stockpile ANY!)
6. Coleman Fuel. Impossible to stockpile too much.
7. Guns, Ammunition, Pepper Spray, Knives, Clubs, Bats & Slingshots.
8. Hand-can openers, & hand egg beaters, whisks.
9. Honey/Syrups/white, brown sugar
10. Rice - Beans - Wheat
11. Vegetable Oil (for cooking) Without it food burns/must be boiled etc.,)
12. Charcoal, Lighter Fluid (Will become scarce suddenly)
13. Water Containers (Urgent Item to obtain.) Any size. Small: HARD CLEAR PLASTIC ONLY - note - food grade if for drinking.
14. Mini Heater head (Propane) (Without this item, propane won't heat a room.)
15. Grain Grinder (Non-electric)
16. Propane Cylinders (Urgent: Definite shortages will occur.
17. Survival Guide Book.
18. Mantles: Aladdin, Coleman, etc. (Without this item, longer-term lighting is difficult.)
19. Baby Supplies: Diapers/formula. ointments/aspirin, etc.
20. Washboards, Mop Bucket w/wringer (for Laundry)
21. Cookstoves (Propane, Coleman & Kerosene)
22. Vitamins
23. Propane Cylinder Handle-Holder (Urgent: Small canister use is dangerous without this item)
24. Feminine Hygiene/Haircare/Skin products.
25. Thermal underwear (Tops & Bottoms)
26. Bow saws, axes and hatchets, Wedges (also, honing oil)
27. Aluminum Foil Reg. & Heavy Duty (Great Cooking and Barter Item)
28. Gasoline Containers (Plastic & Metal)
29. Garbage Bags (Impossible To Have Too Many).
30. Toilet Paper, Kleenex, Paper Towels
31. Milk - Powdered & Condensed (Shake Liquid every 3 to 4 months)
32. Garden Seeds (Non-Hybrid) (A MUST)
33. Clothes pins/line/hangers (A MUST)
34. Coleman's Pump Repair Kit
35. Tuna Fish (in oil)
36. Fire Extinguishers (or..large box of Baking Soda in every room)
37. First aid kits
38. Batteries (all sizes...buy furthest-out for Expiration Dates)
39. Garlic, spices & vinegar, baking supplies
40. Big Dogs (and plenty of dog food)
41. Flour, yeast & salt
42. Matches. {"Strike Anywhere" preferred.) Boxed, wooden matches will go first
43. Writing paper/pads/pencils, solar calculators
44. Insulated ice chests (good for keeping items from freezing in Wintertime.)
45. Workboots, belts, Levis & durable shirts
46. Flashlights/LIGHTSTICKS & torches, "No. 76 Dietz" Lanterns
47. Journals, Diaries & Scrapbooks (jot down ideas, feelings, experience; Historic Times)
48. Garbage cans Plastic (great for storage, water, transporting - if with wheels)
49. Men's Hygiene: Shampoo, Toothbrush/paste, Mouthwash/floss, nail clippers, etc
50. Cast iron cookware (sturdy, efficient)
51. Fishing supplies/tools
52. Mosquito coils/repellent, sprays/creams
53. Duct Tape
54. Tarps/stakes/twine/nails/rope/spikes
55. Candles
56. Laundry Detergent (liquid)
57. Backpacks, Duffel Bags
58. Garden tools & supplies
59. Scissors, fabrics & sewing supplies
60. Canned Fruits, Veggies, Soups, stews, etc.
61. Bleach (plain, NOT scented: 4 to 6% sodium hypochlorite)
62. Canning supplies, (Jars/lids/wax)
63. Knives & Sharpening tools: files, stones, steel
64. Bicycles...Tires/tubes/pumps/chains, etc
65. Sleeping Bags & blankets/pillows/mats
66. Carbon Monoxide Alarm (battery powered)
67. Board Games, Cards, Dice
68. d-con Rat poison, MOUSE PRUFE II, Roach Killer
69. Mousetraps, Ant traps & cockroach magnets
70. Paper plates/cups/utensils (stock up, folks)
71. Baby wipes, oils, waterless & Antibacterial soap (saves a lot of water)
72. Rain gear, rubberized boots, etc.
73. Shaving supplies (razors & creams, talc, after shave)
74. Hand pumps & siphons (for water and for fuels)
75. Soysauce, vinegar, bullions/gravy/soupbase
76. Reading glasses
77. Chocolate/Cocoa/Tang/Punch (water enhancers)
78. "Survival-in-a-Can"
79. Woolen clothing, scarves/ear-muffs/mittens
80. Boy Scout Handbook, / also Leaders Catalog
81. Roll-on Window Insulation Kit (MANCO)
82. Graham crackers, saltines, pretzels, Trail mix/Jerky
83. Popcorn, Peanut Butter, Nuts
84. Socks, Underwear, T-shirts, etc. (extras)
85. Lumber (all types)
86. Wagons & carts (for transport to and from)
87. Cots & Inflatable mattress's
88. Gloves: Work/warming/gardening, etc.
89. Lantern Hangers
90. Screen Patches, glue, nails, screws,, nuts & bolts
91. Teas
92. Coffee
93. Cigarettes
94. Wine/Liquors (for bribes, medicinal, etc,)
95. Paraffin wax
96. Glue, nails, nuts, bolts, screws, etc.
97. Chewing gum/candies
98. Atomizers (for cooling/bathing)
99. Hats & cotton neckerchiefs
100. Goats/chickens
From a Sarajevo War Survivor:
Experiencing horrible things that can happen in a war - death of parents and friends, hunger and malnutrition, endless freezing cold, fear, sniper attacks.
1. Stockpiling helps. but you never no how long trouble will last, so locate near renewable food sources.
2. Living near a well with a manual pump is like being in Eden.
3. After awhile, even gold can lose its luster. But there is no luxury in war quite like toilet paper. Its surplus value is greater than gold's.
4. If you had to go without one utility, lose electricity - it's the easiest to do without (unless you're in a very nice climate with no need for heat.)
5. Canned foods are awesome, especially if their contents are tasty without heating. One of the best things to stockpile is canned gravy - it makes a lot of the dry unappetizing things you find to eat in war somewhat edible. Only needs enough heat to "warm", not to cook. It's cheap too, especially if you buy it in bulk.
6. Bring some books - escapist ones like romance or mysteries become more valuable as the war continues. Sure, it's great to have a lot of survival guides, but you'll figure most of that out on your own anyway - trust me, you'll have a lot of time on your hands.
7. The feeling that you're human can fade pretty fast. I can't tell you how many people I knew who would have traded a much needed meal for just a little bit of toothpaste, rouge, soap or cologne. Not much point in fighting if you have to lose your humanity. These things are morale-builders like nothing else.
8. Slow burning candles and matches, matches, matches
mmmm, I wanna get some of that tasty Ass Americana......damn...move that thong aside and let me get to business.
that is dwayne. a gay millwright on disability.
Disability maybe cannot move fast - what is weight capacity of disability?
Wait! Dwayne is name for boy, no?
Boris you kill me. My wife's hairdresser is from the Ukraine and recently sent her an email. It read exactly like your posts. Bless you fine sir.
Seriously.....Boris should definitely be pulled from the peanut gallery comment section of Zero Hedge and made a contributing editor. He is second only to Mrs. Cog in tickling my funny bone.
<Maybe we can start a White House 'blog' petition?> :)
This entire thread is killing me, Boris included.
Hey, CD. Interesting thought, but can you really picture reading a dozen paragraphs of Boris (with Boris charts) at a time? Might be too much of a good thing.
I'd be laughing too hard and I read it with a thick eastern european accent.
Boris is struggle for production of long prose, but is like post photographic! Boris is have many family photographic that is endear to heart, joyous glad share with fellow ZHer.
Why, dear COG, are you calling canadian dirtnap seriously ? Seriously !!!
There is no "the" just Ukraine and I thought Borris is from the USA.....
Ukrania is comprise of many region (like Chrimea, Bukevina, Bessarabia) and is render "The Ukraine" to Westerner, but is just Ukraina because is no "the" to say "the Ukrainia". So, is okay, no offense to citizenry of Ukrainia. Boris is once of time hope become USAer, but is now happy not. Maybe after Obama is finish term, if anything remnant is stand.
El Tuco: Boris is, well, I don't know. He's not Russian, though. (He once referred to "too much vodka" in a post.)
Boris is maybe ethnic Ukraine, but is recover from alcoholic two-step program.
Two-step? What's that start drinking until you run out, then sober up?
LOL! Ukrainians and Russians are so smart that they just skip the first 8 steps of a 10 step program.
Russians and Ukrainians are among the smartest people in the world - they will remind you of that fact on a daily basis. ;-)
Thats not a Thong, its a Backpack!
"Germans before Kraftwerk"
+10,000,000,000,000
shit! there's a kid stuck under that bitch! PULL ON THE BACK BACK PACK TO GET HER OUT!
no, it's kim kardashian and family
That's not a thong, it's a tent tarp she picked up over in sporting goods.
Edit: my apologies to CCanuck...I should have scrolled down before posting.
TARP is not big enough, MOAR!
Even Congress could not supply a TARP big enough.
The NSA doesn't talk to anybody, they send out the FBI, DHS, or DEA stormtroopers to handle the dirty work.
You're gonna need the Jaws of Life as a sex aid for that butterball of a babe.
If you don't want your kid going into gynocology, show him that last pic.
If you want your (normal) teenage son to keep his pecker in his pants, show him that pic
Hoping it's a female ass, I find it attractive.
the sloppy hair ruins it
needs a bag
Listen. It's clearly a racist article that violates internal ZH policy but since it's a white girl and not the regimes beloved black girl, ZH turns a blind eye and enforces all of these obvious racist comments about the 'white girl'.
Maybe if the white girl had a star of david tattoo tramp stamp she would be left alone. "She may have had relatives on shindlers list"....
She needs a sign, "clean before each use" because for sure, she can't reach her ass !!! Bring a can of clean wipes, along with the condom...
Honestly, for Walmart, that is actually pretty tame.
Go to a ghetto Walmart some time.
Another poster here recommended some chain buffet type place for such entertainment. Golden Corral? Can't recall. Had a chocolate fountain. That I do remember.
Try almost ANYWHERE in Texas.
Yeah, I remember that one. Two obese black ladies with their hands in the " chocolate heaven" machine. Thanks for bringing up that horror I thought I had completely deleted from my mind.
Miffed;-)
This is not gluttony. This is starvation. When a vital nutrient is missing from our diet, our body will demand we continue to eat until it's necessary level has been sustained. That is why some people will eat paint chips off window sills or dirt - their bodies are craving potassium or iron, iodine, magnesium. All essential for other nutrients already consumed to be ABSORBED.
Americans are too vain to walk around looking like this willingly. Diet Industry is a billlion dollar operation. You may find a skinny or proportionate girl and it is either because she has a healthy diet or she is on speed. Girls need iron due to the menstrual cycles. FFS
Good point. Because of soil exhaustion American food is devoid of nutrition and the body's craving nutrition forces you to eat contiuously. In this respect, it is not surprising that there are so many cases of anorexia. If you want to stay thin you have to exit the cycle of eating non-nutritious food alternating with compulsive hunger. Depending on the individual's metabolism, this compulsive underlying craving for adequate nutrition can lead to the results shown. Poor people, who cannot escape bad food and pay for high quality protein-rich food are particularily vulnerable. Proportionally, there are far fewer fat rich people in America. So, interestingly, a good part of the disdain stimulated by this picture is the usual ZH disdain for the poor. The picture was chosen specifically to reinforce the stereotype. Hey, even ZH knows its audience and is moving product...
You don't see as much of this in Europe because they have not exhausted their soil to the same extent with big industrial farms where the soil is supplemented with the bare minimum and the plants are either GenMod or full of pesticide. The exception to this are the anglo-saxon countries where poorer people stuff themslves with greasy french fries cooked in rancid oil.
Bunny and escape, you are absolutely correct. I have a friend who is a diet counselor that specializes in treating the morbidly obese. She told me the common factor is EXTREME hunger. Hunger that normal people never experience. She said the fatter they are the worse it is. Their satiety is all screwed up too. For me at around the fourth bite of food I start to feel full. I rarely ever over eat naturally. For them a big bucket of KFC won't even begin to stop their hunger. The road to a normally functioning body is a very difficult task when it's so far down this path and she told me most don't make it. Their brains are also stimulated by this food. She showed me a brain scan of an obese women eating a donut. It lit up like a Xmas tree! Then she showed me a scan of an elite triathlete eating the same donut. Barely any activity. Obese people have a similar response to this junk food like people on cocaine! Horrible hunger and a cocaine like response. No wonder these people look like they do.
Miffed;-)
If you have 5% or more in gold AND some three months of CA$H (for deflation), you are in pretty good shape compared to most.
10% or more in gold is better, and including survival supplies better still.
your point is essentially what people with a brain need to realize. We can't stop it, it has to happen, and it may as well happen. All you can do is fortify your own 4 walls and family the best you can.
It would seem we are behind schedule on things falling apart, I am as ready as I am gonna be so let's get on with it...
Off topic but relevant Bansky in NYC :)
http://www.banksyny.com/
During the Cuban missle crisis they told us that if atomic warfare breaks out we would have three minutes notice.
After due consideration, my fellows and I decided that three minutes is enough time to get up on the roof and start laughing, not titters, but boffos.
As the world ends this is a good and sensible thing to do.
I will give it all up if it will cause me to unsee that last picture.
LTER you should short that scooter.
Not a bad bet. Probably made in China and with that kind of regular load it must have a relatively brief lifespan.
hey i have a message for you from a former commenter who knows cars cold.. Hang onto the 280SL with the blown engine.
Thanks for the advice. Wife wouldn't let me sell it even if we were down to our last penny so got it covered.
Too late, all is lost....
So she can do the gymnastics that get her in that thong, but she can't do the Walmart shuffle? WTH..
+1 for 'Walmart shuffle'
My eyes. The goggles do nothing.
Eyebleach to the rescue again! With all of the disturbing images we are subjected to, one would think we would all have this at the top of our bookmarks list.
http://eyebleach.com/
You sir, are a life-saver.
The big bullion banks wish to obscure that they are almost bone dry of gold in inventory. The COMEX will shut down from no gold, rather than criminal prosecution in a land where crime rules and treason is the syndicate bylaw.
http://news.goldseek.com/GoldenJackass/1382040000.php
There can be no comex default before the currency fails.
OT. But perhaps interesting? Historically. Napoleon and the little corporal were magnificent for British power and banking.
Why?
(1) French/British contest in North America. French/Indian war. Revolutionary war guided by Rouchambeau, Lafayette, French Navy, push to Yorktown British surrender. http://en.wikipedia.org/wiki/Jean-Baptiste_Donatien_de_Vimeur,_comte_de_...
http://en.wikipedia.org/wiki/Gilbert_du_Motier,_Marquis_de_Lafayette
Then French Revolution, Napoleon rise. Napoleon sells Louisiana territory to new Americans. Exchange weakens American financial position, removes French contest in New World. Gives Napoleon sums to prosecute war in Old World. Combines Spanish and French Fleets. Trafalgar kills French Navy. Leaves Atlantic a British Pond, leaves Americans ripe for invasion. Waterloo allows banking syndicate to purchase back British bonds at fraction (free market massive tax of unparalleled scope). This condensation of bonds into one banking entity would never have been allowed were it not a British Policy. (Red Shield would've been assassinated and all possessions confiscated if acted alone). War 1812, burning of Washington capitol, reintroduction of British led banking cartel to control New world finance. Conquer without stationing troops and without widespread knowledge by chattel.
When one is a small island nation without global competetive advantage, one must contrive a new formula or die. Thus, banking feudalism transplanted to new world. Big Win for Union Jack. Destruction of perennial enemy (France), destruction of only competetive fleet, freehand in navigation, reconquering of new world, retirement of almost millenial debt by other means.
(2) Germany. Emergent global power in 19th, 20th century. German/British bankers seeing decline move over pond. Establish central bank franchise/concession. Financial shift. German fleet insignificant. Submariners make asymmetrical warfare possible, molest shipping, british navy.
Major mistakes. Encirclement of Dunkirk. German forces should have captured/killed BEF. Not doing so preserved military middle management and battle tested line. Unbelievable, unforgiveable. Taking France in 6 weeks destroys them as global power. Allowing Vichy a contorted policy. Germany should have quickly seized French fleet (did not) allowed its destruction by British at Mers-el-Kebir. http://en.wikipedia.org/wiki/History_of_the_French_Navy#Destruction_of_t... . Loss of greatest capture of military tools in global history. Then with Britain only 16 miles away, German attempt at crossing (protected by fleet of uboats) and capturing the ISLE foregone, token Battle of Britain with paper airplane fight. Doing so would capture all factories, wealth, fleet, and conscriptable men. Consolidation of power. NOT DONE. Turned instead to Russia under worse weather than Napoleon, destroyed nation's fighting force there allowing Anglo-American threat to build to overwhelming strength. Defeat left all of Europe (Germany & France foremost) open to imposition of A&A philosophy and banking. Killed continental superpowers. Left the east bereft of alliances, pushed Nippon to easy defeat. Pacific & Atlantic A&A fleet reigns supreme. Uncontested winner of 19th & 20th Century wars, Britain and their Igor (USA). Open fields wherein to impose one's will through politics and finance.
Yes, no better agents for Norman-Saxon Royals than those two smallish men who commanded now extinguished national powers.
What other nations are presently poorly led by smallish men? Into the lion's den, my friend. The land, the resources, even the corporations are evergreen but in one generation (40 years) all the presently important steerers & drivers will be pushing up the daisies.
epic, your post. you lost me at
"This condensation of bonds into one banking entity would never have been allowed were it not a British Policy. (Red Shield would've been assassinated and all possessions confiscated if acted alone). War 1812, burning of Washington capitol, reintroduction of British led banking cartel to control New world finance."
perhaps, though remember how incredibly rich the British upper class was at that time - and became even further. plenty of spoils for 6'000 families to own 60% of the world's assets
And our American Cousins had their own banking system until the Panic of 1907 shook their confidence. though of course NY City is many ways London's sister
I'm still trying to figure out what a "free market tax" is.
Which ones?
Interesting angle on the Germans decision to fortify France but not capture the French fleet. Instead building hundreds of Uboots at the Atlantic but not moving against Britain?
Were the London raids some kind of false flag operation to get the Brits involved in the war?
Alexander, this all Webster Tarpley or possibly Lyndon Larouche stuff. Webster tends to see the Brits as evil incarnate, as any one can see in reading his book "Against Oligarchy" for free at tarpley.net. The Brits in their history were manipulated by the Venetians, the real source of all that is wrong with the modern world, according to Tarpley. (At least he avoids anti-semitism, though he has been accused of 'latent anti-semitism' by some.)
I find Tarpley fascinating to read as he has extremely interesting insights and an encyclopedic and profound grasp of history. However, I'm in no position to judge the value of what he writes. I do get annoyed when he states things that fly in the face of conventional understanding, such as "Marx was a British agent and disciple of David Urhquart who himself is a product of the Venetian tradition," or words to that effect, without any backup for those who would like to test such a claim.
Recently, he has been claiming that the Americans and the Russians are in fact natural allies and that the Brits, operating through their asset Harriman, persuaded Truman, essentially an incompetant dupe, to fire up the cold war. This was so they could continue to exercise great power on the world stage as part of the 'big three', America, Britain, and Russia, rather than assume a role more befitting the small bereft-of-empire backwater they had become after the war.
Edit: On re-reading your post, I see that it is not Tarpley derived, as it struck me at first. However, I would be interested in any impressions you have of Tarpley's "Against Oligarchy". Meanwhile, can you recommend any books that accord with what you express above?
Why are you here? This isn't a Jim Quinn article.
Increasingly I'm thnking that they protect COMEX and hit other sources like GLD. COMEX lets them manipulate pricing, and it seems like activity has slowed on the inventory drains.
My guess is that if you're not a BB playing the manipulation game, they will make it increasingly harder to participate in the paper gold market in order to protect the system as long as possible. I'd been hoping for a default as well, hard or soft, but at this point I think it just won't be allowed to happen.
Sounds dramatic, but unfortunately you do not have the convenience of facts on your side.
I have not had any problems with PM delivery since April. If you're also buying bullion, and not just selling pump & dump rumors, you should try various sites that sell PM at reasonable margins.
Flour, salt, yeast, sugar/molasses, wood for heat.
Bread will fulfill your caloric needs, carbohydrately.
Bread will keep you alive, for a while, before all the diseases of civilization take their toll (diabetes, cancer, heart disease, azheimers, ete etc etc). But it's not real food. It's starvation rations. Sugar also. To stay alive AND healthy, you need lard. 5 gallon buckets of it.
Inability to supply proper food, meaning meat, to 7 billion people is one of the larger problems we face.
Frying Bread in lard grease is best.
The non-oil driven world can handle about 1.5 - 2.5 billion people with nature 100% efficient. If the people strip the land and sea of life as they did in Haiti before the die-off, 0.5 billion might survive. I believe humanity will survive nuclear war, but will require living in caves with protected water source and a ration of mushrooms and insects.
Mmmm....doughnuts......drooool.....
You might survive the nuclear war but 100s of spent fuel pools lighting up around the globe will ensure no one survives for long.
Oh really? How do you think us mutants will cook our bread?
Exactly, but lard will not be available till your comrades eat your bread and expire.
Then you MUST have the stomach to `render` them useful.
Over.
I almost forgot, this thread is about the economy.
Interesting thoughts but wow, I don't know how I am going to cleanse my brain of that photo at the end. <shudder>
Then think of her as the poster child for the "EBT Mama, whose motto is 'Molon Labe'" in regards to her card or FSA lifetime membership.
Or is it "Molon Labia"?
Google pics of Janet Yellen. That should help, but only a little.
Ass Americana
The mis-applied thong as symbol of American delusion.
Very astute you are. First impression is what a fat ass. But then to wear a thong, and then sweat pants that don't cover it (and obviously not used because she might actually sweat while training) are two additional faux pas. Finally, the ultimate disgrace: being so fat that you can't walk anymore and have to use a scooter. And don't give any crap about "Maybe she has a legitimate medical reason (besides her fat and its causitive arthritis) for its justification.
Then one morning she just wakes up and thinks "I feel lucky today I think I'll go to Vegas."
Prolly wind up in Reno though.
She can't afford enough fabric to cover that thing.
They do not make enough cloth to cover that monstrosity.
There should be a law against spandex and obesity!
I know where the idea for the Michelin man came from.
Sometimes I see someone(thing) and I just think "I guess you don't have a mirror in your house"
Are you one of those bloggers I am not supposed to focus on?
And I happen to agree with what your wrote and appreciate the historical backdrop.
The author is right. Don't get angry--it does no good. Trade if you must, prepare if you can, and accept all the inertia. Many folks here are on the ball and can use those skills to their advantage.
And revel in the absurdity.
I've been reveling for 10 freakin' years. I'm about wore out. Much more revelin' and I'm DONE.
Free Hover'Rounds for everyone! YAY!
is that a fucking halloween costume, or just 2:37pm at a local Little Rock Walmart?
Give her a break guys. At least she has a gallon of milk and a dozen eggs there on the counter
So we should expect to see her back in the store at lunchtime?
Hey, maybe they didn't make panties big enough to cover her ass. So he had to go with a thong.
Whale Tail was high fashion not long ago. We all know the Rednecks are at least ten years late when it comes to trends.
That guy with the mullet isn't out of style, he just picked up his first Billy Ray Cyrus CD from a local flea market. He was driving a '85 S10 still rockin a cassette deck until last year when he picked up a '96 Dodge Ram with a CD player.
Go visit the parking lot of a gun show deep in redenck country... you'll see gap-toothed guys in clothing that hasn't been washed in a week and has more holes than an Obama excuse story, driving the latest $50k pickup with $25k of bling filling the gun rack, tool boxes, and/or dog kennels...
The trailer park welfare queens are at least on equal footing with their ghetto brethren auto-wise: one group prefers less ground clearance with shinier rims and the other prefers more ground clearance with bigger rims.
One group places a higher priority on Pb-projectile bling than Au-wearable bling but they both share both the fetishes.
People (and useless eaters) are full of the same shit everywhere...
Are you implying that some people actually wash their clothes every week?!
Seems awfully prissy to me.
***Ass Americana***
"Fat bottomed girls You make the rockin' world go 'round" - Queen
Yeah, Freddy Mercury was 'huge' authority on hot women. </sarc>
Great song though.
Oddly enough - when the band started and as they became successful - he had an attractive girlfriend he lived with.
Then he came out or decided that was what he liked. He ended up leaving his estate to her. I think they may have lived together on and off. She had a child with another guy who did not stay with her. The baby was like Freddie's child.
All very weird. The guy had an incredible voice and Brian May's guitar playing is outstanding.
EURUSD close to rolling over towards below parity with the dollar.
1.3673 as of now.
Crude soon into the cleaner.
10093 as of now.
Ass Americana.... lol!
So if history is a guide, America has a year or two left.
If China dumps it's US holdings and establishes a new reserve currency of its own next year. Then yep that would be just about right.
The past year of insane stock market gains have been bait to get retail investors to take the hook. The fisherman is getting ready to set the hook, and then there will be no escape.
The bankster class is doing everything they can to make it look like the water is full of prey, without a predator in sight. Giving anyone with a pulse an auto loan, giving kids $100k a year to live off in college. Pushing IPOs up 100% in the first few minutes of trading, making it look like you can get rich in a day off the stock market.
Don't take the bait.
Your comment on the Chinese currency piqued my curriosity (if I could buy some and how/where); googled "buying chinese yuan" showed a Forbes article here:
http://www.forbes.com/sites/kenrapoza/2013/05/09/why-investors-should-bu...
"The yuan is not a reserve currency, or a free-floating one. But it is on its way." and "the (Chinese) government is strengthening the yuan-dollar exchange rate by at least 3% each year."
Now if I can just find a local coin shop that sells Yuan I can make it 1-stop shopping trip.
The Nav
The money-changing house I went to yesterday here (Peru) said they had Yuan, I will walk over there tomorrow to see if I can buy a 100 Yuan note.
You can open a RMB-denominated account @ BOC if you're in NY.
http://www.bocusa.com/portal/Info?id=649&lang=1&
http://online.wsj.com/news/articles/SB1000142405274870430740457608022281...
Thanks DoChenRB & REgeek - The more I read about the Yuan, the more I think I should add it to the inventory of
beans, bullets & bandages .... and ag / au / pb ...
Jim Rogers Bullish on Yuan http://www.wealthdaily.com/articles/jim-rogers-bullish-on-yuan/4380
2018-2020. Mark your calendars....
For a rather more sophisticated and thought-provoking take on the current state of affairs, I'd recommend the excellent Golem:
http://www.golemxiv.co.uk/2013/10/global-debt-global-currency/
Tinky, freakin' awesome post, thanks for the link. did you catch this link from one of the comments? Well worth five minutes to watch...
http://www.youtube.com/watch?v=gIcqb9hHQ3E
Good link, Tinky. Dovetails with my perception of the dollar as, not money, but a bearer bond with a negative rate of return.
This is why I have a hard time with "deflation" scenarios. Hell, just a little bit of dis-inflation noise created the biggest blitz of dollars in history. Who could have predicted just a few years ago, the Fed injecting $85 billion of these bearer bonds into the system,,,MONTHLY?
Prolly the same crowd who doesn't believe that injection could go to $150 billion, or to save time, directly depositing it into entitlement accounts?
I see it coming down, but not through deflationary conduits. The big "D" comes after the Crackup Boom, with the necessity to instill confidence in the new medium of exchange.
Sorry Tinky, I don't follow this logic, Australia had ~250% GDP private debt and ~0% of GDP of public debt in 2007-08, and ~$21 billion budget surplus, after several surpluses before it.
Why must public debt mirror private debt again?
It looks like a rehash of some of the MMT arguments I've seen ... that all rely on QE to infinity and hope inflation never happens, which is tricky for a place like Japan, where they don't even have energy (forget about fast-breeders now), and material inputs are almost all imported.
BTW, this is just false:
Sorry, the banks do not have to survive, they should not have survived for this long.
They are being 'bailed-out', mistakenly, and supposedly 'temporarily', tax-payers are being destroyed to 'save' criminal-infested zombies, and that absolutely can and should stop.
I hope I get to witness the final big collapse. I'm in my 50s and it seems like it's taking an awfully long time.
I'm one of those unfortunate persons who's been totally put out of business by the existence of government grants to my competitors. The government is propping up INCREDIBLY useless, incompetent people in mass quantities.
I live for the day that they finally get their due.
ie. cease breathing
Yep - getting to watch the incompetent starve and the dem big-gubmit types trying to save them will be a site to see.
Can't wait until the incompetent start stealing everything that is not nailed how. Moral Hazard is a BITCH!
Duble.
dogmete
I started (alone and oce with two others) three businesses in the US. Al three failed.
The FOURTH one was the charm, in Peru with my in-laws. 2years and "rolling" strong.
I'd go there, except my Spanish is terrible :)
+1 the first couple are the hardest, aren't they? don't stop! see if you can't have a fifth on the side
"I live for the day that they finally get their due."
Not to be hangin crepe, but that process took 60 years in the Soviet Union. 'Till then, cut out the middle man and work for yourself.
Nothing can stop the American craving for apocalypse. Temporarily bored with raining death on foreigners, Americans are now feverishly dreaming of the collapse of their civilization. Why? Because they need ACTION! Peace and prosperity are for wimps. They want to be really alive, like Walter White. The more secure and prosperous our society becomes, the more desperate the craving for a life and death survivial struggle. Soon these people will start setting their own houses on fire to give themselves an apocalyptic rush.
you know you might be right...
if/ when we ever do achieve the peacful, prosperous and secure society of which you mention we will have to see if your theory holds water.
but since we are currently obviously no where close to that utopian society you outline in your comment I would think the jury is still out...
"The more secure and prosperous our society becomes"... ah, no, not more secure and prosperous except for the upper 1/10th% perhaps....
Re; secure and prosperous
it's all relative to the times. An Ass-Merican on a motorscooter is a sign of properity not seen in most countries of the world.
Throw in the security of the OldFarts on infinite hip-replacment socialist health-care and most of the world would be envious.
Just depend where you are in the pecking order.
Re: Soon these people will start setting their own houses on fire to give themselves an apocalyptic rush.
That would only work in the Libertarian communities.
The socialist and fascist communities have those pesky govment workers with water hoses that keep those who crave an apocalyptic reset from doing too much damage to themselves or their neigbors.
great post.
but that picture at the bottom...
while relevant to the overall theme some things are always and eternally better left to the imagination.
and that is defiantly one of those things.
So we're heading into the Baroque period once again? HIYO!
some things can not be unseen.......
Sounds like you need . . . http://www.eyebleach.com/ !
Good article...very interesting it takes about 15 years into the new century for things to change....it falls into place.
If we'd just build another 600+ ship Krugmanian Space Navy, we could have perpetual prosperity again.
All you need is debt debt, debt is all you need.
lol.
"Louis XIV dies in 1715, after reigning for 72 years."
I hope you are not implying with this reference that our current Dear Leader will reign for 72 years...
Que Rhodesia to Zimbabwe Transition
in 5....4....3....