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Guest Post: 10 Steps Closer To Economic Armageddon

Tyler Durden's picture


Draghi introduced still-more-easing into Europe this morning as his surprise cut created turmoil in markets. What this means today, tomorrow, or next week is anyone's guess. What it means in a larger context is not...


Via Monty Pelerin's World blog,

1. Europe is not in good shape. Anyone who believed they were, should be disabused of such notions.


2. The forcing down of interest rates once again further exacerbates the longer-term mis-allocation of resources. Such actions may buy time, but only at the cost of greater problems down the road.


3. Macro-economics is failed witchcraft which should be apparent to anyone paying attention. Yet it will continue to be used to justify “remedial” actions out of desperation.


4. Governments around the world have only this hammer (liquidity/stimulus). They will hammer away even though that cannot solve the problem(s).


5. Liquidity and stimulus will not end in the US or Europe until markets end it. The market ending will be either an implosion or a crack-up boom. Either is possible at this stage.


6. Governments are in full pretend mode. They have no control over the situation other than to fool people into believing that things are getting better.


7. The policies employed by governments ensure the destruction of economies and themselves. Governments spiral downward toward defaults and bankruptcy that will take economies with them.


8. Currencies are being destroyed in terms of purchasing power.


9. Nothing is being done to correct economic problems. Politics has deemed true remedies too severe. They are off the table, replaced by extend and pretend actions.


10. The shelf-life of this government fraud is limited. Economic Armageddon is coming.

The frustrations of watching this play out are huge. So too is the knowledge that this entire scheme jeopardizes more than living standards and economies. It threatens the very future and quality of civilizations themselves.


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Thu, 11/07/2013 - 16:46 | 4132344 kaiserhoff
kaiserhoff's picture

I thought the ZH crowd was always in a 12 step program;}

Thu, 11/07/2013 - 16:48 | 4132356 NotApplicable
NotApplicable's picture



Thu, 11/07/2013 - 16:49 | 4132362 Jack's Digestib...
Jack's Digestible Ideas's picture

Of all the articles on ZH, this is certainly one of them.

Thu, 11/07/2013 - 16:54 | 4132373 kaiserhoff
kaiserhoff's picture

ZH has done it before, and now they have done it again.

Thu, 11/07/2013 - 17:08 | 4132423 redpill
redpill's picture

All of these things have been true for years now, what no one seems to know is how long it will last.

Thu, 11/07/2013 - 17:10 | 4132430 Dareconomics
Dareconomics's picture

The € is set for some appreciation, and that will certainly bring the endgame closer.

Thu, 11/07/2013 - 19:03 | 4132840 TBT or not TBT
TBT or not TBT's picture

Is that why Draghi is going ahead with ZEURP?    (Then QEuro4EVA not long after?)

Thu, 11/07/2013 - 17:11 | 4132434 Town Crier
Town Crier's picture

This is the first I've heard about a possible "crack-up boom."  What's that?

Thu, 11/07/2013 - 17:14 | 4132447 stant
stant's picture

geting out of gov bonds into stawks ala europe

Thu, 11/07/2013 - 17:19 | 4132465 ZerOhead
ZerOhead's picture

Or getting out of fiascos generally and into anything that's real and preferably either golden or edible.

Let the rest of the morons take FaceBook and Twitter stock to the moon...

Thu, 11/07/2013 - 17:36 | 4132539 DaveyJones
DaveyJones's picture

Economic Armageddon

I'll do anything, just don't make me watch a Bruce Willis movie

Thu, 11/07/2013 - 17:55 | 4132630 James_Cole
James_Cole's picture

Economic armageddon? AKA it's possible some worthless bonds, insolvent banks and useless companies are one step closer to the shitter. OMG the horror!!

Thu, 11/07/2013 - 18:12 | 4132691 willwork4food
willwork4food's picture

Would you rather have Segall? Whats wrong with Bruce??

Thu, 11/07/2013 - 21:05 | 4133340 Things that go bump
Things that go bump's picture

Getting long in the tooth.

Thu, 11/07/2013 - 22:04 | 4133526 DanDaley
DanDaley's picture

As if you and I aren't, eh Gene?

Thu, 11/07/2013 - 17:33 | 4132519 MarsInScorpio
MarsInScorpio's picture



As opposed to an im-plosion, it is an ex-plosion.


Not trying to be cattty (meooooww), but that is on the level of saying "It will either rain tomorrow, or it will be dry."


Either way, you can claim your prediction was on the mark.


In fact, most of the points and predictions of this article are of that nature.


I gave it a 5 for truth, but a 1 for creativity. There is nothing new in it.


Thu, 11/07/2013 - 18:40 | 4132774 Herd Redirectio...
Herd Redirection Committee's picture

Summarized:  The S&P keeps going up, not because of profits, but because of currency devaluation.

Thu, 11/07/2013 - 20:57 | 4133307 Uber Vandal
Uber Vandal's picture

Refer to this chart of the Zimbabwe stock market in 2007 in the link below:

(hint, it was up 12,000% in 12 months)

Thu, 11/07/2013 - 17:32 | 4132518 Ghordius
Ghordius's picture

the craziest part of an unsound monetary system is that it hinders and degrades the process of economic calculation

which degrades the process of financial calculation

and both lead to malinvestment, which degrades the quality and quantity of the real economic output

which then degrades the national and international commonwealth

Thu, 11/07/2013 - 21:40 | 4133447 TBT or not TBT
TBT or not TBT's picture

....which to the Dark Side leads. /Yoda

Thu, 11/07/2013 - 17:43 | 4132569 1100-TACTICAL-12
1100-TACTICAL-12's picture

It will be soon.. I know because I've decided it could take yrs, so I'm headed back out amongst'em to get's me some fiatscos. Been hunkerd down getting shit ready for the last few yrs. so while I'm gone away from home the next few months WAMMO. I'll try to send ya'll reports as I battle my way back to FEMA Region 6. Wish me luck..

Thu, 11/07/2013 - 17:52 | 4132623 viahj
viahj's picture

i feel you, everytime i travel i am anxious that SWHTF while i'm away from my property, peeps and preps.  i always take a travel kit.  is it a phobia or reality induced reason?

Thu, 11/07/2013 - 17:19 | 4132468 Liquid Courage
Liquid Courage's picture

+1 Groucho?

Thu, 11/07/2013 - 17:20 | 4132478 farragut
farragut's picture

"I used to read ZH articles. I still do, but I used to also."

- Apologies to Mitch Hedberg, RIP...  :)

Thu, 11/07/2013 - 19:02 | 4132837 James-Morrison
James-Morrison's picture

Awesome.  Doing two things at the same time!

Thu, 11/07/2013 - 18:35 | 4132755 XenoFrog
XenoFrog's picture

One day at a time, my friend.

Thu, 11/07/2013 - 19:00 | 4132829 kaiserhoff
kaiserhoff's picture

Oh, I don't drink anymore.

But I don't drink any less either.

Thu, 11/07/2013 - 16:48 | 4132355 Overfed
Overfed's picture

Well, fuck. Let's just get it on already!

Thu, 11/07/2013 - 16:58 | 4132387 El Vaquero
El Vaquero's picture

No, lets wait a month.  I need to be able to buy gas for my elk hunt.  After that, I'm good to go. 

Thu, 11/07/2013 - 17:06 | 4132407 Manthong
Manthong's picture

aw man, isn't gassing those poor elk against the law or something?

.. and I hope at least the agents are binary.

Thu, 11/07/2013 - 17:06 | 4132419 El Vaquero
El Vaquero's picture

Sarin makes them taste better.  Just don't tell anybody.  It's a family secret. 

Thu, 11/07/2013 - 17:11 | 4132422 ZerOhead
ZerOhead's picture

Personally I would prefer being wrong for another 5 years living in a quasi-functional yet clearly fictious economy than have this sucker go down tomorrow and survive off of roadkill and grubs.

But that's just my preference for something resembling civilization talking...

Thu, 11/07/2013 - 17:18 | 4132466 El Vaquero
El Vaquero's picture

In all seriousness, I would rather just get it over with, like pulling a bandaid off quickly or having the nurse just pop the needle in my arm rather than sticking it in slowly.  I know that there are hard times ahead and I know that I can never be truly ready for them.  I would also prefer it to go kaput so quickly that we don't have time to agitate the rest of the world into a nuclear war.  I have a chance against zombie sheep and hunger.  I do not have a chance against 500kt of melt your face off, then shit fallout all over the place. 

Thu, 11/07/2013 - 17:38 | 4132532 ZerOhead
ZerOhead's picture

I can fully appreciate your sentiments... and a quick collapse could certainly preempt the chance of a global war being part of the inevitable Obama 'solution'. It's just that when complexity finally collapses you are going to be living in a totally different world that literally no-one will be prepared for. Think no food, no meds, and precious little human kindness ala 'USA > Haiti'.

And to TPTB... just try finding JP-4 for your private jets you rotten fuckers!

Thu, 11/07/2013 - 17:41 | 4132560 MarsInScorpio
MarsInScorpio's picture



TPTB will see themselves reenacting the fate of the aristocrats in the French Revolution, when the everyday people raided the jail and exacted "street justice" to them, and their unborn offspring.


Thu, 11/07/2013 - 18:08 | 4132676 MeBizarro
MeBizarro's picture

Too bad what you are describing never actually happened during the French Revolution and what you are actually talking about is the 'September massacres' when the French mob killed everybody and anybody 3 Paris prisons in Sept. 1792. 


Thu, 11/07/2013 - 18:36 | 4132758 ZerOhead
ZerOhead's picture

Potato potaaaato...

Thu, 11/07/2013 - 18:11 | 4132689 ZerOhead
ZerOhead's picture

Jet aircraft were largely unavailable in the late 18th century... this proved to be a big problem for the guillotine crowd...

Thu, 11/07/2013 - 21:18 | 4133389 Things that go bump
Things that go bump's picture

Still a lot of the guillotine fodder escaped to England where they survived to rub the noses of the English lower classes in their specialness.

Thu, 11/07/2013 - 18:07 | 4132675 El Vaquero
El Vaquero's picture

Food can (and is) grown around me and where I live, I have a ton of seed that I've been saving, and I have guns and ammo.  I can fish less than 200 yards from my back porch, and there is plenty of waterfoul and other critters around.  (I'd give it 5 years or less before the feral pigs make it up here.)  I regularly cook with wood because I like it and have a renewable supply of wood.  There are more people around me than I would prefer, but I also have access to water without power.  What I don't have is as many people around me as there on the West or East coasts.  I don't think that nightmare even begins to describe what the coasts will look like when the petrodollar quits buying all of that foreign oli. 


Problem is, I've seen what modern society has become, and I know where it must logically progress to given the finite resources on the planet, and, like you, it scares the hell out of me.  But, I also see the potential for a breath of fresh air on the other side of it. 


No matter what you want, you do have to agree that we live in interesting times. 

Thu, 11/07/2013 - 18:37 | 4132744 ZerOhead
ZerOhead's picture

Interesting times indeed... and since we have been condemned to live in them we may as well learn enjoy them as best we can.

I went full retard a couple of years ago and picked up a couple hundred acres with water (including potential for water power generation), old growth trees and lots of organic soils. The ponds are great for swimming and fishing but most importantly it is a wonderful place to spend time. The bugs can be awful at times but the bears pretty much leave me alone. I am now cultivating blueberries on several acres and have a one acre (or so) garden prepared with soils that are so dark and rich that you don't require fertilizers.

I don't honestly know how  everything is going to turn out in the end... I just know I sleep a lot better since I bought Bughaven.

Thu, 11/07/2013 - 18:39 | 4132767 El Vaquero
El Vaquero's picture

That's not full retard.  I would have enjoyed that land even back in the 90s when things were looking a lot more upbeat and I was a lot more ignorant. 

Thu, 11/07/2013 - 18:52 | 4132810 ZerOhead
ZerOhead's picture

The simple things are often the best things in life... things like good friends and beautiful sunsets on the pond.

Now I just have to find a good place to hide my still....

Thu, 11/07/2013 - 19:16 | 4132871 El Vaquero
El Vaquero's picture

Yup, and the elk hunt is actually real.  Four of us have tags, and we should be done by the end of the 2nd day down where we are going.  If not, it's a 5 day hunt.  Nothing like being up in the mountains with friends.  Go hunt your ass off during the day, then come back and drink beer in a cabin in front of the fireplace until bed time, then do it all over again, while making dirty jokes the whole time.  Good times.

Thu, 11/07/2013 - 19:43 | 4132983 Reckonball
Reckonball's picture

Be sure to nail up plenty of "no trespassing" signs,to keep out the hoards of desperate urbanites,and mouth-breathing soldiers of the free shit army..not to mention our illegal amigos,who have absolutely no fucking reguard for private property...

Thu, 11/07/2013 - 21:06 | 4133345 El Vaquero
El Vaquero's picture

By no trespassing signs in the event of hoards of desperate urbanites and FSAers, you mean things like "TRESSPASSORS WILL BE VIOLATED" with a picture of a giant pecker right under it?  'Cause I don't think that hungry people are going to give a shit about just any 'ole sign. 

Thu, 11/07/2013 - 22:29 | 4133620 Reckonball
Reckonball's picture

My bad..forgot the sarc tags..thought it was "implied"

Thu, 11/07/2013 - 22:13 | 4133559 DanDaley
DanDaley's picture

Right you are...I know that in a big crunch, my life expectancy will drop about like the market.

Thu, 11/07/2013 - 19:21 | 4132881 TBT or not TBT
TBT or not TBT's picture

Or just a straight up EMP attack that would erase all debt, but also all supply chains, police and armies, governments, and via starvation disease and cannablism, erase around 90% of the population.    Just got to get some nukes to go off in low earth orbit, which is a capacity a dozen nations have and some sell.   Read One Second After to get a feel for things, or Lloyd Tackett's A Distant Eden.    The upshot is, long durable walking shoes, portable water purification and filtration, multivitmins and beans/grains.   Being able to kill quietly, travel stealthily, stash supplies, and communicate by portable radio(Faraday Cages, bitchez) with your tribe, would likely be critical too, more than once.   Maybe some potassium iodide supplies for the inevitable retaliatory and preventative classical MIRVed SLBM strikes that would likely follow, against likely hostile countries miraculously not EMPed.    The jetstream transports that stuff around pretty well. 

Thu, 11/07/2013 - 17:28 | 4132502 Race Car Driver
Race Car Driver's picture

Five more years ... of this shit?

I ask my Magic 8 Ball all the time about five years from now.

The only answers I get are 'Doubtful', 'Ha ha!' and 'You're fucked'.

Thu, 11/07/2013 - 17:38 | 4132550 MarsInScorpio
MarsInScorpio's picture

Race Car Driver:


My personal choice is seeing the Eastern sky part . . . and being transformed "in the twinkle of an eye."


No pain, no sufffering, no unhappiness, no death.



Thu, 11/07/2013 - 22:13 | 4133560 2bit Hoarder
2bit Hoarder's picture

are you talking about alien abduction?

Thu, 11/07/2013 - 17:43 | 4132573 Overfed
Overfed's picture

My thought is that I would rather get in on while I'm still young and healthy enough to have some chance of survival.

Thu, 11/07/2013 - 17:45 | 4132581 DaveyJones
DaveyJones's picture

quasi functional or quasimoto economy?

Thu, 11/07/2013 - 18:01 | 4132654 ZerOhead
ZerOhead's picture

Anything that primarily keeps the power on and the good peoples fed is fine by me Davey...  :)

Thu, 11/07/2013 - 18:03 | 4132659 gaoptimize
gaoptimize's picture

When you sit and think about it for a few minutes, there's always more prepping to do.  Recently, I got the urge to cut and set velcro to tar paper my windows when SHTF so we can more safely use a small LED light inside at night without attracting unwanted attention after the power goes down.  I would like another 3 years please.

Thu, 11/07/2013 - 16:49 | 4132361 Billy Sol Estes
Billy Sol Estes's picture

But Twitter and DJI are doing great!

Thu, 11/07/2013 - 16:51 | 4132364 youngman
youngman's picture

"Politics has deemed true remedies too severe"

This is so true....they will not do anything but talk about it...and kick the can....someday the can will hit the wall....we do not know when..its gone on longer than I thought it would.....but at some point ..people will not want dollars anymore..and that is when it ends....

Thu, 11/07/2013 - 19:18 | 4132872 Reckonball
Reckonball's picture

They could employ a tactic commonly used here in Illinois...Move the wall...

Thu, 11/07/2013 - 16:51 | 4132366 Yen Cross
Yen Cross's picture

   I haven't watched CNBS for weeks. With the markets getting plastered into the close, I feel it my civic duty to see how the shills are going to baffle the muppets into BTFATH tomorrow.

Thu, 11/07/2013 - 16:56 | 4132382 youngman
youngman's picture

They are preping everyone that the NFP number is going to be weak..and the unemployment number will go up.....blame it all on the shutdown....those waskally Republicans....even though its deeper than the numbers will tell...and we dig into them here on ZH

Thu, 11/07/2013 - 17:34 | 4132522 Race Car Driver
Race Car Driver's picture

Rumor has it that Congress has added a do-over Christmas to the calendar in January, just in case things don't go so well for the retailers this month and next.

Thu, 11/07/2013 - 17:59 | 4132646 HardlyZero
HardlyZero's picture

Does that extension apply to corporations or individuals ?  heh.

Thu, 11/07/2013 - 16:51 | 4132368 Zymurguy
Zymurguy's picture

11.  Buy moar phyzz

12.  Get prepared (long term food/water stores, medical supplies, defensive weapons, communications, etc.)

Thu, 11/07/2013 - 16:51 | 4132369 Ralph Spoilsport
Ralph Spoilsport's picture

"It threatens the very future and quality of civilizations themselves."

We're used to it by now.

Thu, 11/07/2013 - 16:58 | 4132383 Dr. Engali
Dr. Engali's picture

10 Steps Closer to Economic Armageddon, Twitter is 73% over it's IPO price, and I'm one step closer to slipping back into the matrix.....damn this steak is juicy.

Thu, 11/07/2013 - 17:03 | 4132403 Ignatius
Ignatius's picture

Once you know, you know.


Thu, 11/07/2013 - 17:17 | 4132463 Gene Parmesan
Gene Parmesan's picture

Like a wise man once said, Party Like It's 1999.

Thu, 11/07/2013 - 16:59 | 4132390 CPL
CPL's picture

1. They haven't been  for 2100 years, hence the invading one another.

2. Until people just stop listening and move on with their lives.

3. It's a banking system designed to make 1 dollar magically turn into 9.  Then apply interest compounded at every step of the transaction.  The magic trick is when people believe it's all worth something.

4. Until they don't.  Because they'll starve their own people, until their own people kill the ones giving the orders.  Like every other time in history.  Unless someone steps on the breaks.

5. All FIAT is FUNIGBLE.  In this case it is equally worthless.  Just look at FOREX, everyone prints and no one loses value...except in purchasing power.

6. They have been in pretend mode since ww1 sorry to say.  All of this should have happened 100 years ago and the human race should be on Jupiter by now.  Instead...well, here we are dickering about bits of paper.  Awesome.


The rest of it.  Much the same.


Thu, 11/07/2013 - 18:10 | 4132687 gaoptimize
gaoptimize's picture

I know what you mean.  In 1979, I thought I would for sure be off-planet by 2001.  Jupiter would not be my prefered destination for a variety of reasons.  A moon of Jupter might work, but let's get the large solar concentrator tech working well and affordably first.

Thu, 11/07/2013 - 18:18 | 4132713 willwork4food
willwork4food's picture

On the bright side, isn't it kind of cold there this time of year?

Thu, 11/07/2013 - 16:59 | 4132392 q99x2
q99x2's picture

They are bankers. That's what bankers do. They are like pedophiles. They can't stop until they are locked up.

Thu, 11/07/2013 - 17:00 | 4132397 Truther
Truther's picture

Fuck you Dragon Draghi...

Thu, 11/07/2013 - 17:03 | 4132404 Shizzmoney
Shizzmoney's picture


Governments are in full pretend mode

So are corporations.  Those "profits" are just paper profits; it isn't actual wealth.

Fiat hoarders.  The whole lot of them.

Someone should tell this to the "pundits" who say shit is "improving"


Thu, 11/07/2013 - 17:11 | 4132435 tempo
tempo's picture

109 million people who receive entitlements and have been lied to will be very angry if it stops. entitlement folks outnumber full time workers in the private sector by a 60/40 ratio so they will vote for and demand more entitlements. That's why monetary stimulus is the only alternative.

Thu, 11/07/2013 - 17:15 | 4132453 insanelysane
insanelysane's picture

Old definition of rich:  People that lived a good life and still had some money left over.

New definition of rich:  Anyone with a full time job that can pay their bills without assistance.

Future definition of rich:  Anyone with some type of job that only needs partial assistance to stay alive.

Thu, 11/07/2013 - 17:12 | 4132436 insanelysane
insanelysane's picture

Plenty of interest rate left to cut.  It only gets iffy when the interest rate approaches -100%.

Thu, 11/07/2013 - 17:13 | 4132439 Hagen
Hagen's picture

Ahahaha! Economics Armageddon! Rigolo! Very funny!

Thu, 11/07/2013 - 17:16 | 4132458 polo007
polo007's picture

Today, a small group of central bank chiefs can meet in private and wield unprecedented power over global markets, economies, and wealth distribution. They are held accountable to the ruling politicians that in most cases have no respect for the principle of sound money. Instead, in Europe, the UK, Japan, the US, and elsewhere, central bankers have become intricately linked to monetizing government debts, and financing the expansion of the welfare state. As such, disciplined and independent central banking, a cornerstone to any hope for sound money and credit, has been relegated to the dustbin of history.

Central banking, - ostensibly designed to combat high levels of inflation and promote economic growth, while overseeing the stability of the banking industry, has instead, morphed into technocratic planning boards that are constantly involved in rigging the value of the financial markets. Their principal modus of operandi is to encourage risk taking in the local stock markets, through massive injections of ultra-cheap liquidity. However, the result isn't better economic conditions, but rather the expansion of massive bubbles in various financial markets. In turn, central bankers have widened the wealth gap between the owners of equities, and the rest of the struggling population whose wages are sliding backwards, and is increasingly seeking out assistance through welfare programs.

Historically, the value of the stock market reflected the dynamics of the local economy, and would influence the social mood of the populace. A stock market that is booming would signal an up-and-coming economy that would be followed by increased business investment and the creation of good paying jobs. Rising share prices boost the fortunes of about 10% of households in the country, and triggers a greater propensity to spend for goods and services - otherwise known as the "trickle down" effect. Therefore, keeping a constant vigil on the behavior of the stock market, - has become the raison d'être of central banks.

In earlier times, stocks traded on the local stock exchange used to track or even anticipate the nation's business cycle. But that reliable role as a leading indicator began to seriously break down after the financial crisis of 2008. Since then, because of the hallucinogenic effects of "quantitative easing" (QE), - stock markets are no longer reflections of the health of the local economies or forecasting mechanisms of the business cycles. Instead, they are just slices of ownership in specific companies that are unreliable gauges of anything but the underlying strength of the companies they represent, their dividend payments and buybacks, and the schizophrenic mind-set of the traders who buy and sell the shares.

Thu, 11/07/2013 - 17:27 | 4132500 Seasmoke
Seasmoke's picture

Long 3 day weekend coming careful out there ZH 

Thu, 11/07/2013 - 17:29 | 4132507 rustymason
rustymason's picture

Well, Christians are not supposed to lend or borrow at interest anyway.

Thu, 11/07/2013 - 17:30 | 4132512 Carpenter1
Carpenter1's picture

The only real, observable clock which will guarantee the end comes is the CNY's ascent to reserve status. But long before this event occurs, US dollar demand will dwindle year by year, sending more of them home all the time and decreasing demand/usefulness of them to buy favors and finance failed nation states.
In essence, US power will fall as CNY acceptance rises.

Thu, 11/07/2013 - 17:36 | 4132540 Rand Mises Hayek
Rand Mises Hayek's picture

How do I TAP OUT of this Liberal Nightmare

Thu, 11/07/2013 - 18:08 | 4132681 falak pema
falak pema's picture

its inverted so liberal and conservative are look alikes. Elitist clubs don't like plebes but are open to top guns of all shades and colours.

If you be 99% er your problem is not the liberal but the 1% er. If you be 1% er your problem is your own run away greed.

Thu, 11/07/2013 - 17:43 | 4132546 Radical Marijuana
Radical Marijuana's picture

"Armageddon" is too old-fashioned and optimistic a notion, since we are talking about a globalized system of electronic frauds, backed by atomic bombs, which combines to make a money/murder system trillions of times BIGGER than anything previously in human history.

The idea that there will be some sort of final supreme battle between the forces of good versus evil, (i.e., "Armageddon") is naively optimistic, based upon old-fashioned false fundamental dichotomies, and their related impossible ideals. Neolithic Civilization has collectively become trillions of times more insane than ever before. The force backed fraudulent economic system has been pumped up by technologies that are many orders of magnitude more powerful and capable than the human beings within those systems are able to comprehend anymore. The psychotic breakdown of those systems is much too optimistically phrased in the old-fashioned terms of ancient religions and obsolete ideologies. IF there are enough survivors, who can continue to develop a technological civilization, which is based on science, in the future, THEN the adaptations necessary have to move beyond the old-fashioned false fundamental dichotomies that were developed to be the language used during the history of Neolithic Civilization.

While I agreed with this 10 point list about the runaway debt insanity problems, I continue to find my only refuge regarding the "huge frustrations of watching this play out," WHICH "threatens the very future and quality of civilizations themselves," is to develop my macabre sense of humour. The basic thing that ought to be done is to think about a Translithic style of Civilization, which could be consistent with science and technologies which have made human beings become trillions of times more powerful, and which are apparently headed towards even greater orders of magnitude, IF civilization itself survives through those transformations.

The most important thing to a technologically based society ought to be its philosophy of science, and therefore, what we need more than anything else is to go through the stages of a structured scientific revolution. However, at the present time, the tail is still wagging the dog, since the monetary system tends more to be able to corrupt the scientific enterprise, than the scientific enterprise is able to change the political economy. One would think that facing the FACT that there IS a global electronic fiat fraud, backed by atomic weapons, might motivate people to understand the previous scientific revolutions which made those technologies possible. However, I see almost none of that anywhere. Instead, I see mostly good analysis, followed by bullshit "solutions" based on the same old-fashioned fundamental dichotomies, and their related impossible ideals, such as embodied in the word "Armageddon."

I find nothing in human history to compare with what has happened during my little life time. The only thing that I find comparable was the development of photosynthesis. That is how big these changes possibly may become. We are possibly creating whole new kingdoms of life, and industrial ecologies, IF we survive through to see that ... The irony of the human experiment is that each time we are able to solve some problems, what that does is move us on to attempt to resolve even more difficult problems!

Thu, 11/07/2013 - 18:04 | 4132665 HardlyZero
HardlyZero's picture

Hopefully Google transforms into Star Trek really soon (being a Trekkie and all), before it becomes the Matrix or Soylent Green.

Thu, 11/07/2013 - 20:31 | 4133227 Radical Marijuana
Radical Marijuana's picture

Indeed, HardlyZero, I least liked the kinds of science fiction that were the horror story versions. Unfortunately, that genre appears to primarily be the kinds coming true, since science and technology is primarily being applied to promote more legalized lies, backed by legalized violence, or, as blindman says below, the leading edge of the application of advances in science was turned to become manifested as an increasingly psychotic form of "national security," itself becoming by far the greatest threat to national security.

The fundamental structure of the Money As Debt systems is the source of that MADness in the European Union, with the Euro currency being able to destroy many of its peripheral national economies faster than could be easily believed, before that actually happened!

Here a couple of flashbacks to previous videos regarding what is happening:

4 minutes by Charlie McGrath, from a year ago ...

Also, here is another 11 minute long video that summarized how Cyprus flipped upside down within five years:

Cyprus crisis:

The road to the March Eurogroup


There appear a few rays of light, such as in Iceland and Hungary, however, overall, it appears to me that everything laid out in this article above, in its 10 point list, ARE happening, and WILL happen ... BUT, I think that things are actually trillions of time worse than merely looking at runaway consequences of the the triumphant financial frauds driving MAD self-destruction. Although the banksters' achievements are the single greatest example today of legalized lies, backed by legalized violence, PRACTICALLY EVERYTHING ELSE IS TOO! Science is mainly ending up being controlled to get better at being dishonest, and back those lies up with violence, rather than transforming anything else to get better, in the nice ways that it seems it theoretically should.

Thu, 11/07/2013 - 19:49 | 4133020 blindman
blindman's picture

"we" ? exactly what does that signify?
illusions is all the public (we) will ever get, power
realized the dynamics years ago and many times over.
neutralization through misinformation.
"“The CIA owns everyone of any significance in the major media.”
– William Colby, former CIA director
“We’ll know our disinformation program is complete when everything the American public believes is false.”
– William Casey, CIA Director (from first staff meeting, 1981)
“Deception is a state of mind and the mind of the State.”
– James Angleton, head of CIA counter intelligence from 1954-1974
“I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven, if I had known it would become the American Gestapo.”
– Harry S. Truman" ...
LAX Hoax - No HD Surveillance Camera footage released and Ciancia
this is why (we) are all just doomed idiots, everyone.

Thu, 11/07/2013 - 20:03 | 4133081 Radical Marijuana
Radical Marijuana's picture

Yeah, I agree, blindman, that "we" may be just another misleading figure of speech.

Thu, 11/07/2013 - 21:31 | 4133116 blindman
blindman's picture

we can't let them define the consciousness
that we abide by, that, we must demand is our
domain ! thank you again for your efforts
in that regard.
it is not like dna was discovered last night,
there is commonality, (we) have things in common,
not to mention the source of dna; the living

Thu, 11/07/2013 - 17:45 | 4132585 xamax
xamax's picture

I need s&p's at 1900 by year end to pay my loans down

Thu, 11/07/2013 - 17:49 | 4132605 forrestdweller
forrestdweller's picture

It's just the race to the bottom, devaluate all currencies.

add water to the wine untill it's not wine anymore.

The way to survive is to put your money in real things, and wait for the right moment to buy, somewhere the next 14 months.


Thu, 11/07/2013 - 17:55 | 4132632 NaiLib
NaiLib's picture

The devaluation is going fast.It will not end until Bitcoin reaches a spot among the top 10.

Thu, 11/07/2013 - 18:04 | 4132663 falak pema
falak pema's picture

the only way the first world can avoid financial armageddon : organise a debt jubilee fast. This is going towards irreconcilable tug of war and no FED, ECB or IMF can keep humpty dumpty from the fall as he will crack under pressure of deflationary spiral taking down real growth or inflationary spiral requiring interest rise and fall of assets.

Debt has to be reduced in banks and governments. If they can't jubilee it they'll have to bail it in and that does not spell well as every state wiill cut the coat tails of the other, via fiscal or protection barriers. It'll mean bang bang shot you down.

How far can Draghi go to catch up with Ben and Abe?

Thu, 11/07/2013 - 18:09 | 4132684 HardlyZero
HardlyZero's picture

Yes, its like Chariots of Fire on the road to Rome.   As the speed picks up it should get morbidly excitingly sad.

Thu, 11/07/2013 - 22:52 | 4133699 Psquared
Psquared's picture

The "elite" know all this. That's why they are buying everything they can. They will all live in the 1% utopia in regional compounds protected by guards/military with the NSA spying on the rest of us for them. Some of us will be allowed to keep something that will give us a semblance of freedom as long as we do their bidding. Anyone who speaks out against this new feudal arrangement will be arrested or killed. Real working democracy will die and be replaced by what we see emerging now. A democracy in name only.

They've been planning this for a long time.

Fri, 11/08/2013 - 00:18 | 4133988 Notarocketscientist
Notarocketscientist's picture

Collapse will be exciting.

It will:

1.  Allow me to tell all the fuck faces that I was right

2.  Allow me to lead a life with meaning - a battle for survival

3. Allow me to say to those who said 'you can't eat gold' starve mutherfuckers

4.  Allow me to rejoice when this consumer driven materialistic diseased society is crushed - fuck Paris Hilton - fuck the Kardashians, fuck the corporations, fuck the oil companies, fuck the marketing cunts, fuck the politicians, fuck the CEOs, fuck the bankers, fuck the ad agency jack asses, fuck the brands, fuck the frackers who are ruining our land, fuck Face Book, fuck Twitter, fuck people who go through their lives trying to be cool, fuck the Jones'

I await in great anticipation when I visit a MSM site and I see that the markets have crashed - that the banks have all been Lehmanned - because I know when that happens that is the end of this sickness - there will be no bail outs - there will be no QE or ZIRP - there will be a chance at a new beginning.

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