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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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Get ready for NO LIMIT EBT cards nation wide.
Test run in Louisiana over this past weekend is now complete. Results quantified.
Just a question of - Let er Rip!
No Limit EBT. Now why do I not find that at all far fetched?
What's good for The People of Walmart is good for America!?
We're doomed.
Except this time we have nuclear weapons, including India and Pakistan.
Re: Except this time we have nuclear weapons
Yes, the usual drill of killing the dumbasses' kids while the rich ones sit in college doesn't really work with nuclear weapons.
I'm sure the best minds in the world are working on some alternative tho.
YOU KNOW YOU WANT TO HIT THAT....YOU KNOW YOU WANT TO HIT THAT....(offspring)
THE Classic from Sir Mix-A-Lot:
http://www.youtube.com/watch?v=reTx5sqvVJ4
strangely uplifting words
I only need another six months to be fully prepped for anything...
except ASS AMERICANA!
I don't get it as often as I used to, but that fattie, I'd be runnin' away a lot faster than her scooter can go.
Americanus!
Americanus Rex - It will be mistaken for a Dino in a future dig.
Then again, perhaps Dinosoar is the correct identification.
.. "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."
I cannot see any reason for honor in this.
Besides, if Mr. Gustafson is older than around 30 he probably helped to create the current situation.
Who else than we let all that happen?
Re: Who else than we let all that happen?
1) There is only one choice: [Bush | Obama] (choose only one, and then proceed to the next step)
2) Red Team Blue Team fight fight fight.
(thank-you for playing the Ass-Merican political game).
'helped to create the current situation'..... did not succeed in stopping it might be more true in his case.
I think at some level we are all "enablers". We are all participating in a system that is destined to eat our asses eventually. Some are definitely more so on the front lines than others, and the "generals" should be held to account.
We had the 08 deflation. Now comes on the Yellen/Bongo Hyper.
Vienna...isn't that where Jason Bieber comes from?
That last picture is what a naked short looks like. Which is why it's illegal.
----->Scooter Gal
----->Michelle Obama
Ok Fellas, Choose
One last sky dive
that's just not fair...
I'm a bad man for laughing at that scooter picture.
Whoever captioned the WW1 German machine gun crew...brilliant!
that reminds me, I need to buy new pillows
These are some good historical anologies, if not entirely precise. The period that we can learn the most from, that has the most similiarities with the present, is that of the fall of the ancien regime before and during the French Revolution. I have pointed out on here for some years now the similarities between Cardinal Richeliou and Colbert and Greenspan and Bernanke (Dragho et al from the EU can be included as well): all men of letters using all te financial wizardry available to them to prop up bankrupt regimes. Ancien Regime France was a nation very similar to the modern nation states in the West, employing a vast bureaucratic apparatus to manage an elaborate system of special privileges and licenses for the nobility, all the while trying to extract every available ounce of specie from the productive population to pay for wars and the extravagances of teh wealthy aristocracy.
Several things are important to keep in mind. 1) Revolution began with food shortages and the failure of price controls on grains and wheats... "let them eat cake". The modern equivalent is, of course, food stamps and social welfare. The peasantry has come to expect the crown to dispense the basic staples, just as in the ancien regime. Failure to do so will spark revolt again... nothing else will suffice. 2) Enlightenment thinkers, drawing on the ideas of Locke, Newton, et al, had been writing about the problems of the ancien regime for a long time prior to revolution, without great effect in the moment they wrote (though they did influence the course of the later revolution and social upheavals of the 19th century and continue to influence libertarians and the handful of conservatives who remain in our times.) Only actual material shortage of basic staples could cause revolt. 3) The revolution, and most subsequent revolutions, were bloody, violent, and resulted in a charismatic "strongmen" to take power and exert undue control and authority to restore order. 4) Given the international influence, importance, and power of France (they learned and often spoke French in the Russian Tsar´s court, for example), global war was almost a necessary consequence of the revolution.
There will be a global war as the American empire breaks up and the moderne regime attempts to establish some new form of international monetary-imperial system. China will certainly oppose the U.S. . The real question as always is Russia and its influence over European affairs. I have stated before and will state again that, just as in the time of Napolean, a Russian-European alliance (probably against the U.S. and its dog-wagging tail in Israel) is a distinct possibility. Russia, France, and England have been on the same side of history many times in the past and share similar geo-strategic concerns, just as they always have. Only Germany stands in the way, really, of a new Russo-Euro pact. The U.S. may very well find itself alone, as the dollar-based empire collapses, with only Israel and Japan as her besieged allies. City on a hill... American Exceptionalism... indeed... all by itself.
Even if I disagree on a few points, that was well written. I am happier for having read it.
I only disagree with who represents the tail, and who's doing the wagging.
Interesting parallels you've noted. A few things that are "different" this time round: nuclear weapons and nuke power plants. Though the country may breakup or devolve into bloody slaughter (civil war or revolution), control of those two entities must be maintained somehow. If control is lost at the nuclear power plants then vast areas of this country will be rendered uninhabitable. If countrol of nuclear weapons is lost and one side or the other starts using them........well that would be a bad thing. Rebuilding a society that's collapsed in various ways gets rather more problematic if it's also a nuclear wasteland.
That's a good point there Bog. Who mans the potential Fukushima's dotted across the land in the event of societal/gov breakdown? Certainly in economic turmoil those back loaded, prohibitively expensive to de-commission nightmares will be a threat.
A blustering and bellicose United States, clinging desperately to world power with its military, after its currency collapses, will be a horrifying sight to behold for the rest of the world, especially as if it continues its insane policy of supporting Islamic fundamentalists and Israel at the same time against stable regimes in Muslim oil-producing countries.
There is, as I say below, the precedent for surprise attack against the United States (whether assisted by people on the inside or not). During a period of solar flares, with a computer virus disabling the launch controls and radar capabilities of the U.S. military, certain powers (i.e. Russia and possibly China) may just decide one day in the future, that the world is better off with a partial nuclear winter than with a nuclear-armed U.S. in the hands of psychotic, paranoid dictator hell-bent on military conquest... and poof.. in one hour.. destroyed by fire... all those nuclear weapons and the threat they pose to the rest of the world...
The soviet union broke up and the worries about "loose" nukes was unfounded. When the US falls from the hill, the same will be true. Hell, even the chaos in Pakistan didn't free the nukes.
I'm not worried about wars. Most of us will be unaffected. As always it will be about some elite trying to grab power for himself. Don't let your kids get fooled by the BS used to dupe them into taking sides.
@AurorusBorealus
Completely disagree. The rest of the world will not need America at some point. It will sweep itself into the dust bin of history. Rot from the inside out and become irrelevant in the grand scheme of things.
Tuco, perhaps you should read again what I wrote, because that is what I am saying... the world will turn against the United States just as it did France, Spain, Germany, Rome, when their empires came crumbling down. There is the precedent of surprise attack, as well... perhaps the United States will be destroyed in one hour... with fire.. and possibly with the help of "a few people on the inside."
Britain will never abandon the U.S. They will go down right alongside.
How beauteous mankind is! O brave new world,
That has such people in't. —William Shakespeare, The Tempest, Act V, Scene I, ll. 203–206[
The thong is a privilage,not a right.
Deflation is a myth...
Those aren't Germans in the machine gun/gas mask photo according to: http://www.1914-1918.net/mgc.htm
Wm Banzai should tattoo "Fed Balance Sheet" in an arc across that ass.
Toxic Assets
Caution! Stay Back 100ft
But dumping impossible ... until she explodes.
"Pomo my ass"
Why we are doomed:
http://www.bloggingwv.com/wp-content/uploads/2010/01/sun-shade-sunshade-hats-demotivational-poster-12520352911.jpg
That, there looks like it's been put to use a few times.
The Barouqe period saw an explosion of nude paintings of heavy broads. History rhymes ( and has a sick sense of humor )
There's a difference between Rubenesque and morbidly obese. The lady on the scooter blew past that line (on her Walmart scooter), on the way to the soda isle.
Well, fellas, that's how we deal with utter ruin: Pony up for a Rascal scooter, think it's okay, and drift off to Valhalla on a sea of gelatinous, undulating ass flab.
Only warriors that die in battle go to Valhalla.
Anyone who mounts that,is a warrior in my book..It'll be a battle and you might die.
There is hope for the feamle species, but you won't find it at walmart
http://www.herald.co.zw/wp-content/uploads/2013/09/Sofia-vergara-photo.jpg
Sweet baby jesus, luckily, my wife looks similar to this, Sicilian, not Colombian, and my fortunate situation doesn't go unnoticed or unappreciated. But Christ on a goddamn unicycle, our entire society looks like the drive-thru addicted fatass posted in this article. It's like watching a train plough into a school in horrifying slow motion. The ultimate metaphor for our economic Poe tale.
Sofiia is too fat, her cheeks are convex. to be 'beautiful' they must be concave, gaunt and unsmiling
But the thong DOES have a pretty color.. and shape..
the thong DOES have a pretty color.. and shape...
I'd heard it's called flying a kite. That particular one is out a couple of balls of string worth.
Hilarious
MOST of the comments on what is currently page 3 were made before MOST of the comments on page one.
If your words are so importand that all must read them then you have to 'respond' to numero uno. Start your own new comment and you will be relegated to the dustbin (of ZH comment) history.
It doesn't matter after the first few hours no one reads the page anyways, and ZH is not designed to be very easy to navigate or reference past articles.
del
ZH is only for those of us that like to piss up wind.
I too have learned to love the bomb. Mostly now I just agree and laugh with children and the old fat women of the village. I have accepted my nothingness compared to the awesomeness of those above me.
to the tune of 'Onward Christian Soldiers'.....
"FORWARD free shit soldiers, marching as to the mall, with the fiat of country going on before, Free shit, the royal master, leads against the debt,
FORWARD free shit soldiers, marching as to the mall "
fill in th rest as you wish
Here's the antidote:
http://wickedweasel.com/en-us
Man I can just see those wedged into a 64" ass. Come to papa!
One man's garbage is another man's treasure.
I am surprized that no one got what she was trying to do.
She was driving around showing that America still has Engineering talent.
Imagine the stresses that thong is having to endure?
A One Lady Engineering Stress test.
There might even be some College credit in there; maybe even a graduate degree.
Torsional dynamics of a cantilevered thong.
Should be good for a doctorial thesis.
Louis C.K. Five minutes of vido but I laughed for twenty.
http://www.youtube.com/watch?v=ZQVsyfH5Yv0
Currency. Things were very vague back then, things just cost money. "Hey how much is that!?" "Err Money."
We still live in the 20th Century. Nothing much significant has changed in our lives in the past twenty years.
WTF? We have Facebook and Twitter now.
I enjoyed that article, however, I feel that it underestimates the degree to which the future will probably be quite discontinuous with the past, since technologies became trillions of times more powerful than ever before in human history.
I would expand this correct observation:
"We still live in the 20th Century.
Nothing much significant has changed in our lives in the past twenty years."
We still live in the social pyramid system of Neolithic Civilization, where things could be controlled by lies backed up with violence. The FACT that there are atomic weapons that are trillions of times more powerful has NOT YET changed anything, except for the way that a relatively small group of people think. Otherwise, the basic political economy and human ecology systems are the same now, as they have been for a very long time ...
But nevertheless, in a sense, we are already on the other side of the singularity of human beings developing and applying the special theory of relativity. However, almost NONE of that insight has changed anything about how people think, other than making atomic bombs possible, which most people tend to not think about! Everything is based on the history of warfare, by being able to successfully back up deceits with destruction, and thereafter gain more control over resources, with finally positive results for those doing that. NOTHING in history tells us what to do when backing up organized lies operating organized robberies destroys itself, rather than enables those who were best at doing that to triumphantly grow.
We are also fast approaching another singularity point, of the emergence of computer/machine entities that could become more intelligent and capable than human beings now are. In every way, the great paradox continues to be that the human experiment of building a brain that can successfully model the world, and benefit from that modelling, still operates through fatal blind spots regarding itself. We are still STUCK inside the of the same old social slavery systems, which are based on being able to benefit from operating legalized lies, backed by legalized violence, while we have not yet seen how badly that will eventually backfire for everyone ...
Personally, I do NOT consider it to be "an honor to live at this time!" I do NOT appreciate living in a world that is preparing to commit suicide, and is systematically destroying itself. I do NOT like living in a world which is almost totally controlled by huge lies, backed up with lots of violence, and which is based on deliberately ignoring all evidence and logical arguments that it does not like, while it, so far, gets away with that evil deliberate ignorance, since those doing that continue to become more wealthy and more powerful from behaving that way.
That "dying empire ... is ALMOST INFINITELY dangerous in its death throes," since it is global electronic fiat "money" frauds, backed up by weapons of mass destruction! In my view, very few people, and probably not me, "are to come out of it alive and much the wiser."
It is the perpetual arrogance of youth to believe that the future will be discontinuous with the past. The past is not mere specter in the habitation of the present, flitting about as some ethereal visage of by-gone eras. The past is the habitation... even if you build a new house, it will be on the same ground, with the same geographic challenges as the existing house, using the accumulated learning of the previous builders, and the materials that are at hand, which, by-and-large, were the same materials available to your predecessors.
It is not that you are haunted by the past. If you live in the West, you are living in an edifice which has for a foundation Greece, Rome, Christianity; the substructure of which is the Renaissance, the Enlightenment, and Romanticism; the lower chambers of which are the Scientific Revolution, Socialism, Liberalism, Conservatism, and whose upper floors have been built by Carnegie, Rockefeller, the Rothschilds, the Morgans, the modern global financial elite, and the intellectual powers of fascism, democracy, and socialism. For better or for worse, this is reality.
If you seek inspiration for the future, I suggest you plumb the basements of the past... in Greece, in Rome, in Christianity, in the Renaissance, the Enlightenment, and the Scientific Revolution. You may find buried treasures there that could serve as the foundation for a better edifice than the one you currently inhabit.
Very interesting, Mr. History Professor. But where the hell are the raiding barbarians of today's world? It's not going to come from Canada or Mexico. Not in the next 30 years.
Who else even has a military capable of more than a regional skirmish? I'd say you need to get your head out of books and look at the real world some time.
When the US can no longer pay it's bills, the decay will happen from the inside out. Poverty and perhaps rioting, not world war.
The only real solution that the world has against an unpredictable, militarist, revolutionary "council" governing the United States is a surprise nuclear strike to completely obliterate the nation and the threat that its nuclear weapons, air, and naval forces pose. So I guess we agree, except insofar as, I believe it highly likely that should violent political revolt occur in the United States and a dictatorial, even-more militarist regime take power, a decision will be made, in secret with the support of many nations, to be rid of the U.S. for once and for all. The beligerence of the U.S. over the past 50 years makes this the most likely decision of many nations.
Wow, so you see the US as trying to take over the world. Where is your historical precedent for that? You must be some bible thumping apocalypse nut. I see no need to ever debate you again.
Worrying about the infinite number of low probability events is beyond silly. The high probability event is a continution of the last 40 years. Slowly, more and more debt and poverty. A whimper, not a bang, into irrelavance.
Over and out, nut job.
Speaking of "nut jobs," mkkby, the PROBLEM is that the international banksters took control of the USA, and use its military force to expand their global control. One of the most important quotes to understand everything that is happening, and WHY there is a serious threat of the international banksters starting a war, that could go out of control, is this:
“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”
— Caroll Quigley, Tragedy and Hope
As further explained here:
http://www.truthdig.com/report/item/making_the_world_safe_for_banksters_syria_in_the_cross-hairs_20130905/
Making the World Safe for Banksters: Syria In the Cross-hairs
By Ellen Brown, September 5, 2013.
Actually, AurorusBorealus, I look more at ancient mysticism, in order to understand postmodernizing science. I have little respect for anything in the history of Western civilization other than some periods of greater respect for individual rights, and the most important thing of all, which was the extraordinary mutation of religion which became the scientific method. One of my favourite sources of that kind of inspiration from ancient mysticism was the anthology by Aldous Huxley, called The Perennial Philosophy.
http://en.wikipedia.org/wiki/The_Perennial_Philosophy
As far as the "arrogance of youth" goes, it is a FACT that I grew up with the first generation that had to face the situation that there were then enough atomic weapons so that a real war would result in the almost total destruction of civilization. While I agree that the chronic political problems are the same now, the technologies making some human beings trillions of times more powerful are NEW!
P.S.
The very first Greek coins were made from electrum (an alloy of gold and silver). Americans also started with that notion of bimetallic money, and both began by having death penalties for those who fudged that money. However, now "money" is mostly coded electricity! Surely, was nothing like that was ever possible previously in human history.
As far as I can prove, We are given one life to live.
Try to make the most of it, it may be the only one you have. Bitching about "the world" as it is, will most likley get you naught but a short unhappy life.
What did You do today that improved your fellow mans journey on this rock?
Anything?
Better to be unhappy and honest with yourself.
And don't forget 1610-1615 when Dutch settlers established a colony on Manhatten Island - which as we all know led to the creation of Wall Street which eventually led to the great economic collapse of 2014... Manhatten was sold for a $24 box of trinkets back then, and after the collapse of 2014 it will once again be able to be bought for $24 (if you want to also take over the debt payments).
I thought I smelled a fat bitch in that article. Gagged me over the Internet she did.
We could prolly reignite the US textile industry if we made those thongs domestically
That's not a thong,it's a modified parachute..
The Euro will collapse first sending the dollar much higher. The higher dollar will collapse the US economy and at that time the dollar too will finally collapse. We now live in a world were everything is connected and you cannot look at just what happens in the US as an indicator of what will happen to the economy. Greece along with Italy and Ireland are still in bad shape. The European bank are in a shambles. The eventual fall of the dollar will start with the fall of the Euro.
After 5 pages of blogs, I don't think that anyone picked up on the clever reference to the movie "Dr. Strangelove".
If the Nobel Committee were to make a movie based on the allusion to the title of this article, it'd be: "Dr. Strangedove" and it would star Barry 0.
william banzai has 'dr strangebro', its obama as pickens riding a cruise missile from the movie,...maybe the zh gods can get it up?
That picture!!! AAUUGGHHH!!!!
According to Deutsche Bank:
https://app.box.com/s/otdvclw8ijxzflhkhem6
October 8, 2013
Bretton Woods III and the Global Savings Glut
Summary
History suggests that periods of global economic expansion are characterized by symbiotic imbalances rather than balanced arrangements that satisfy theoretical ideals. Therefore, it is important to understand the factors that drive the imbalances in each period as well as the resulting distortions. In our view, demographics will have a significant impact on the future trajectory of the world economy. In this report we specifically focus on the implications on savings and current accounts.
Population trends imply that we are entering a phase where rapid aging will cause many countries to generate persistent current account surpluses. This raises the question – who will generate the world’s deficits?
World demographics is not neatly spaced out such that some countries generate surplus savings exactly when others need to fund deficits. Moreover, there are many factors that may prevent surplus countries from funding deficit countries. Thus, we have a situation where countries like India, Brazil and Indonesia may attempt to tame their deficits before old countries like Japan and Germany enter their dissaving phase. The resulting savings glut could be further exacerbated by a likely increase in China’s current account surplus.
Thus, the emerging international economic system, dubbed by us as Bretton Woods III, will yet again depend on the United States to act as the demand source of last resort. Meanwhile, demographics will hold down the real cost of international capital whether or not the US decides to absorb part of it. In turn, the ability of world’s financial system to allocate excess savings will be tested again. Young emerging markets with the ability to sensibly deploy cheap capital could benefit disproportionately from this environment.
Amen! Great article! $17 trillion of free money, in debt alone, on the way to probably $23 trillion before all debts are forgiven, if not forgotten (sorry China, remember Korea & 'Nam?) .
That's $8 trillion more to party with! Somebody build me a dam cause I sure don't give one!
To Michael Rivero, Mark Levin, Billie Cunningham and other American loyalists:
Please feel free to use the term I coined tonight to describe GoBomb'em, his operatives, and the the members of congress, as the "Funding Fathers", as your own. on your liberty radio shows, or wherever you wish.
Regards: Franzpick
Ah ha! I coin the term "Funding Farters!"
Currency collapse is good when everyone eats their peas.
Valhalla awaits the brave, and I am ready for whatever comes next, the sooner the better, but I have the patience to watch these historic events in the collapse of the latest fiat failure unfold. I'm only losing patience with the biggest whiners like the corporate welfare queens, their princeling politicians and certain indebted serfs who keep voting for the status quo.
“Lo, there do I see my father.
Lo, there do I see my mother,
and my sisters, and my brothers.
Lo, there do I see the line of my people,
Back to the beginning!
Lo, they do call to me.
They bid me take my place among them,
In the halls of Valhalla!
Where the brave may live forever!”
(A Viking prayer)
This is a time for fortitude and preparation, not whining, come what may.
This Erickson salutes you.
make music, that is all that is left.
I'll never stop.
Sexual predator "Jay Johnson" the Military Lawyer who gave Obama in 2008 the green light to terminate US ctizens without a trial, is NOW DHS boss, ... homeland security is now officially an operation to KILL citizens on US soil.
It's all OK: Not one of GoBomb'em's politicized cabal operatives has a 'big johnson'.
They say that Napalitano and Janet Reno had bigger 'camel toes' than Obummer or Jay-the-Gay 'Johnson'.
I just think its topical for ZH that Obummer just put into power as chief of 'homeland security' a guy that openly advocates all gay special forces ( killer elite with a love for non-consensual anal ).
Recall its not the MEAT is the Motion.
Oh, and then of course Gay-J was the MIL-LAWYER that gave Obummer the '007 license to kill' without a trial on US citizens.... Now this guy is running DHS, this guy now oversees 3Billion rounds of 308WIN/223REM, and 3000 HUMVEE's on US SOIL, ... to protect and serve american 'tissue'.
the u.s. currency value is public relations and cost of loss of a reserve currency.
the u.s. reserve currency is over - unless the planet can have a reserve currency where the (reserve currency) country can have debt that finances pmt of debt.
FLASH in the Pants:
It's actually much worse in terms of terminal death.
50 years ago the middle class paid for the taxes that protected the rich from the poor. Meaning that WELFARE was created by the rich, and paid for by the middle class to keep the poor in their hood.
Ok, that worked 50+years, now jump post 2007, and the USA can't pay it's bills and the middle-class is fucking gone.
So now uncle sam pull's fake money out of its ass to keep the POOR off the street's, trouble now is the POOR is a majority.
It's a time for CULLING, major fucking CULLING many will die, because at the end of the day the 'RICH' are still in power, if they let the current PONZI continue their wealth will be worthless.
The KEY here is to KILL all the POOR, and what remains of the middle-class, and then bring in new workers to serve the rich, ... once all the 'entitlement free shit army' is GONE, then the USA books will no longer be a PONZI.
SO what you THINK?
1.) That the USA just keeps printing fake money to keep the Free Shit Army alive? For nothing?
2.) That TPTB has all the FSA killed and then its reset.
MY bet's are on #2, as #1 is in Nobody's interest,and 'interest' in america as defined by Hamilton is about the rich people.
Golly.
That thong is photoshopped or painted on but either way I'd tap it. Do her dump truck style. Dump trucks drop their loads and leave.
Did you have to include a picture of Kim K....that is just so wrong!
Prisoners also are bloated. It is their high carbohydrate, low protein diet. Flavoring carbs requires salt, fat/butter. HFCS is in everything. Fatty liver disease is a pandemic. Lacking in vital minerals and vitamins is also at an old time high among TEEN GIRLS who require higher nutrient intake due to their 30 cycle which rips from them enough bodily nutrients that premenstrual syndrome includes increased hunger and food intake and after a mentrual cycle, a young girl can lose 5 to 10 lbs in body weight due to loss of fluids and appetite.
GODDAM
http://www.epi.org/publication/webfeatures_viewpoints_global_strat_labor/
A Global Strategy for Labor | Economic Policy Institute
"By Jeff Faux | March 4, 2002
The overwhelming majority of people in this world must work in order to live. The definition of Labor in the global marketplace includes those who are unionized and those who are not. It includes those who work in cities and those who work on farms. It includes those both in the formal and informal sectors. It includes those who work at home and small business people who live by exploiting their own labor. It follows that full employment, adequate wages, and a healthy environment ought to be the common sense goals of global economy.
But the global marketplace, like all markets, is built on a set of rules. Indeed, according to a former director-general of the World Trade Organization (WTO), the rules of the WTO represents the “constitution” of the new global economy. The current rules of the global market — those of the WTO, the International Monetary Fund (IMF), the World Bank, and other global regulators — were not established to promote the dignity and well-being of Labor. They were established to protect the interest of those who invest for a living, at the expense of those who must work.
You selfish sunofabitches just don't get it. Step up t othe fucking plate you rich losers. Save MANKIND from turning into SLAVES FOR THE REST OF TIME. Get off your fucking chairs, shake you fists at the rulers because they ARE CHEATING AT THE FUCKING GAME and cheaters should never win.
POLICEMAN OF THE WORLD you are and now you want to sit back and watch us sink after digging the hole (by doing nothing while the wheels were adjusted to suck the life out of the working class). Die fighting or get under the fucking bed keep your fear to yourself.
Good article, but,
"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."
It would've been better without the propaganda.
1618-1648 Thirty Years' War
Put into context, this war would have been the first global war as all relevant powers of that time had a stake in this war. Must have been one of the most depressing and idiotic times in all history of mankind.
I considered the Thirty Years' War, but it was slightly off, and I didn't want to overextend the metaphor. The 17th Century was no fun, no fun at all!
1415, you get Wycliffe and Jan Hus, and the Battle of Agincourt, all big events.
I used to like "whale tails."
Today I am cured.
i told my wife she didnt have to shop at walmart...one of the benefits of teaching jc is i get to fuck anyone i want...just close the eyes and dream away, BAM...thats sex for the week
Well, Mr. Gustafson: Since everybody seems to have been distracted by the scooter-empowered thong, I thought I'd pass by and tell you that yours was the best post I'd seen in at least a week (or three). Thank you.
Thanks, Ace!
OK, so she's a fiat ass......
Ahhhh. 1986. Deutschland. Discotech. Kraftwerk.
Good times.
Edit: I forgot topless women with hairy legs in parks that will sleep with you just for a ticket to America....
and crabs. Good times indeed. Much better than now.
Did you all hear about how Mitch McConnell was able to weasel over two billion in pork for his home state as part of the budget agreement?
Warning, have your barf bag ready: http://news.yahoo.com/congressional-deal-includes-nearly--3-billion-for-...
It's always wise not to forget that principles are NEVER in play in Washington D.C.
The game is theft, nothing more nothing less.
So it begins. . The great awakening.
http://freedomoutpost.com/2013/10/call-civil-war
http://dailycaller.com/2013/10/17/theres-no-actual-debt-ceiling-right-no...
That picture sums up the entire philosophy behind Keynesian economics perfectly.
You bitchez have done worse than that fat broad back in the day when you were learning that your dick was made for more than pissing.
I know ya'll.....don't lie.
Nothing much significant has changed in our lives in the past twenty years.
Oh yeah? Can't do the math on September 11, 2001? Here's a tip: 12 < 20.
"Patriot Act," NDAA, Citizens United, ACA, ... all insignificant?
Gimme break!
If only the goal for those with money and power were to come out of it alive and wiser.
The way the monetary systems have been is what allowed the past great wars. By adopting BitCoin or national cryptocurrencies that are owned and operated by the people instead of individuals then the elimination of wars may be possible.
If people with money and power wish to survive without going through biological and nuclear war then it may be wise for them to use their assets to provide for both an open source monetary system and an open source political system.
Otherwise they will have to duck and cover like the rest of us.
To put it bluntly: in earlier times, it was easier to control one million people than to physically kill one million people; today, it is infinitely easier to kill one million people than to control one million people. Zbigniew Brzezinski FTW
FWIW I once scrubbed in on a large zucchini that could not be removed endoscopically. However despite hearing countless descriptions of gerbilling and the sequelae from my fellow staff, I never personally witnessed this. Being in one of the busiest ERs in the country (eat your heart out Ricky Martin)where I helped to retrieve just about everything else I'm truly curious:
Anyone actually help free an asphyxiated gerbil? Eyewitness only.
The ZH oinks are in full regalia tonight. Lord, what a stinking bunch.
And THEN we can build socialism!
The socialist/communist "radicals" (about as radical as sliced bread) were only off by one century, not bad in the realm of human history.
In the crisis to come world power will shift from West to East. It's that simple. Everything follows from this. Prepare. Get out of the inner city where the social disruptions will be most violent.
Good article, apart from using the painting depicting Napoleon's retreat from Moscow. It was the beginning of the end, right, but Napoleon came back once more for his final defeat and demise.
The united empire of asses will put up a great fight as well!
No, Gustaf...
It was an honor to live in the 50s and 60s. Inventing the transistor, curing polio, landing on the moon, American cars...
Now, sociopath squids at Golden Sacks and the cabal members of the Federal Reserve and foreign interests own Washington; Bush and Obama agree to let us have a pretend Constitution until they say otherwise; Washington has destroyed the world's most powerful economic engine and the middle class; much of DC now works directly against the interests of the people it swore to serve; useless middlemen are responsible for 80% of medical costs; and the American economy is about to collapse under the weight of its own math.
Yeah, Gustaf... it's a real fucking honor.
http://www.analyst.gr/wp-content/uploads/2013/10/%CE%91%CE%95%CE%A0-%CE%... http://www.analyst.gr/wp-content/uploads/2013/10/AA.jpg for every 5,61$ deabt increase we get 1$ of growth....
Arrgh, even the readers at ZH are mostly distracted by and making lots of noises on the incredible Ass Americana instead of commenting the very substance of Mr. Gustafson's article, i don't put much hope that the low information society out there will bother much such article as this one even though we do pass it to them :-)
Thank you Mr. Gustafson for your informative and useful writing here, nevertheless i decide to pass it on to some ignorant masses out there though I don't have a high expectation ;) que sera sera...
You're very welcome. And thank you!