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Watch Socialist Paradise Central Planning In Action: Venezuela Looting Edition

Tyler Durden's picture




 

What happens when the government sets the precedent that what was private is now public property? Encouraged by President Maduro's seeming incitement "Leave nothing on the shelves, nothing in the warehouses... Let nothing remain in stock!" crowds of Venezuelans looted the local DAKA stores after the government's 'occupation'... "this is good for the nation," Maduro concluded... You decide...

 

Some might argue that DAKA (in a mysteriously karmic way) got its back on Maduro as he was propelled from his bike by 'nothing' the day after...

 

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Wed, 11/13/2013 - 13:44 | 4150538 DoChenRollingBearing
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I guess that means that my friends Roberto S and Antonio E will not be able to work with me to sell those wheel bearings for Yutong buses down there in Venezuela (at least 800 of them (total) in the Caracas bus fleet and at PDVSA - the state's oil company).

Venezuela is in deep trouble.

Wed, 11/13/2013 - 13:45 | 4150550 Beam Me Up Scotty
Beam Me Up Scotty's picture

HAPPINESS FOR ALL!!!  Brought to you by the Ministry of Happiness!!!

Wed, 11/13/2013 - 13:46 | 4150560 Ignatius
Ignatius's picture

The looting business model seems to be working here in the U.S..

Wed, 11/13/2013 - 13:49 | 4150577 EscapeKey
EscapeKey's picture

Yes, but that's CAPITALISTIC looting, and clearly much better then SOCIALISTIC looting.

If you are going to loot, why would you share?

Wed, 11/13/2013 - 13:52 | 4150595 johnQpublic
johnQpublic's picture

how long before anyone with a store closes it permanently?

Wed, 11/13/2013 - 14:00 | 4150643 LFMayor
LFMayor's picture

say 10 minutes after the looters show up...

Wed, 11/13/2013 - 14:05 | 4150681 krispkritter
krispkritter's picture

Are you talking about the Government or the FSA?

Wed, 11/13/2013 - 14:21 | 4150764 NotApplicable
NotApplicable's picture

Yes.

Wed, 11/13/2013 - 14:35 | 4150846 fonestar
fonestar's picture

The promises of socialism are so great I fear it may never die.  It would be nice to send all of the socialists and freegans to a desert island somewhere.  They can rob each other for coconuts until they either get bored or all wind up with an equal number of coconuts.

Wed, 11/13/2013 - 14:44 | 4150898 economics9698
economics9698's picture

Revolution #9

Wed, 11/13/2013 - 16:06 | 4151322 flacon
flacon's picture

Take this brother, may it serve you well:

 

Revolution Number 9-The Beatles

http://www.youtube.com/watch?v=LVf5Cr4M-F8

 

Wed, 11/13/2013 - 17:36 | 4151776 giggler321
giggler321's picture

All those people walk out with big screen TV's.

 

So what are they gonna do when the power is switched off?  Oh I get it, use the dynamo on the bike you got from the other shop, right?

Sat, 11/16/2013 - 01:25 | 4160088 suicidalpsychologist
suicidalpsychologist's picture

arent most of the band members multi millionaires? Haha, humans.

Wed, 11/13/2013 - 14:45 | 4150904 Troll Magnet
Troll Magnet's picture

Si se puede, BITCHEZ!!!

 

(Wait...That's Argentina?  Looks a lot like Los Angeles to me)

Wed, 11/13/2013 - 16:35 | 4151435 Agent P
Agent P's picture

Funny...I thought it looked a lot more like Venezuela, since that's where it was.

Wed, 11/13/2013 - 15:08 | 4151013 Harbanger
Harbanger's picture

They would eat the last coconut and starve under a palm tree.

Wed, 11/13/2013 - 15:22 | 4151099 insanelysane
insanelysane's picture

They would eat the last coconut and starve under a palm tree waiting for a do-er to climb the tree and get another coconut or waiting for the government to force a do-er to climb the tree for more coconuts.

 

Fixed it for ya.

Wed, 11/13/2013 - 15:24 | 4151106 Harbanger
Harbanger's picture

You didn't fix it, you understood it.

Wed, 11/13/2013 - 15:30 | 4151136 remain calm
remain calm's picture

Someone tell them to save me one, I could use a new TV

Wed, 11/13/2013 - 15:38 | 4151178 BTFDemocracy
BTFDemocracy's picture

We going to see much better "walmart invasion" Black Friday videos from USA in couple weeks.

Wed, 11/13/2013 - 16:37 | 4151449 Agent P
Agent P's picture

See recent Sports Authority videos from the greater (lesser) Chicago area. 

Wed, 11/13/2013 - 17:41 | 4151793 idontcare
idontcare's picture

Great resale prices for that stuff on Ebay.  Check it out!

Wed, 11/13/2013 - 15:28 | 4151128 Anusocracy
Anusocracy's picture

Treat government beliefs like religious beliefs.

Support panarchism.

Wed, 11/13/2013 - 14:05 | 4150682 Big Corked Boots
Big Corked Boots's picture

Prudent businesspeople would close 10 minutes before.

Wed, 11/13/2013 - 14:23 | 4150779 seek
seek's picture

...and leave the freaking country before they're jailed or assassinated.

Wed, 11/13/2013 - 14:49 | 4150920 Poundsand
Poundsand's picture

On the bright side, we've moved from let them eat cake to let them have a big screen tv.

Wed, 11/13/2013 - 15:00 | 4150981 dontgoforit
dontgoforit's picture

Yeah, now they can sit at home and watch Behind the Green Door cartridges until their brains ferment.

Wed, 11/13/2013 - 16:51 | 4151473 Flakmeister
Flakmeister's picture

Marilyn, Marilyn, wherefore art thou Marilyn.....

Wed, 11/13/2013 - 14:20 | 4150759 ACP
ACP's picture

Better yet, how long until a store owner who lost everthing IEDs Maduro?

Wed, 11/13/2013 - 15:17 | 4151073 11b40
11b40's picture

We are agents for manufacturers and import companies in the gift/housewares business.

15 years ago, we had almost 2400 accounts in the southeast.  Today, that is down to less than 200.  Main Street was where we made a living.  Emphasis on WAS.  Now it is just key accounts - primarily low-end acounts like Fred's, Family Dollar, etc., and where there 16 people in the company, now there are 3.5.

Looters take many forms.  The ones in this video are just the most visible.

Wed, 11/13/2013 - 15:18 | 4151074 11b40
11b40's picture

Dup.

Wed, 11/13/2013 - 13:53 | 4150601 Clark Bent
Clark Bent's picture

Note how proprietary the looter becomes as he's making off with the booty. Others try to seize "theirs" from a looter only to be met with snarls of contempt and threat. What irony.

Socialism in its naked greed.  

Wed, 11/13/2013 - 13:55 | 4150618 TheLooza
TheLooza's picture

Damn.  That looks like my local Costco on any given Sunday, minus the free samples.

Wed, 11/13/2013 - 14:01 | 4150657 dontgoforit
dontgoforit's picture

and this one:  Thou shall not steal.  Good catholics down there.

Wed, 11/13/2013 - 14:13 | 4150718 Anusocracy
Anusocracy's picture

Animals have strong concepts of 'my property' and 'our property', but not 'your property'.

Unfortunately, that includes the 99% of H. sapiens that are not fully human.

Wed, 11/13/2013 - 14:27 | 4150796 LFMayor
LFMayor's picture

we need to invent the gom jabbar and start testing?

Wed, 11/13/2013 - 14:46 | 4150907 Anusocracy
Anusocracy's picture

I have a fairly high tolerance of pain, having once gone to work with a ruptured appendix.

But I don't think overcoming pain would be a good test.

Wed, 11/13/2013 - 14:51 | 4150935 StychoKiller
StychoKiller's picture

Suggest you read the book again, "Gom Jabbar" was a poisoned object.

Wed, 11/13/2013 - 15:56 | 4151275 KnightTakesKing
KnightTakesKing's picture

The Gom Jabbar was used so you didn't remove your hand from the box -- the real pain object.

Wed, 11/13/2013 - 14:22 | 4150768 The_Dude
The_Dude's picture

I don't think you get to blame this on the Catholics.....there are a few other -ism's that you should be focused on here.

Wed, 11/13/2013 - 15:03 | 4150989 dontgoforit
dontgoforit's picture

I AM a Catholic; just sayin'.  I've been down there - with few exceptions, they're all Catholic.

Wed, 11/13/2013 - 15:21 | 4151064 Harbanger
Harbanger's picture

Theyr'e mostly Liberation Theology socialist bitches, Catholics in name only.

Wed, 11/13/2013 - 15:44 | 4151214 Nick Jihad
Nick Jihad's picture

What? This is as catholic as it gets - "Father, I have sinned, by stealing a TV."  "That'll be 25 Hail Mary's son, and don't forget to make a donation."

Wed, 11/13/2013 - 17:33 | 4151755 Harbanger
Harbanger's picture

I'm not going to defend the Catholic church, but it's obvious they have a homo problem amongst some of their clergy.  Time they clean house.

Wed, 11/13/2013 - 17:57 | 4151872 Flakmeister
Flakmeister's picture

You are aware that your alleged saviour was a socialist of the first rank? Or did that escape you?

Wed, 11/13/2013 - 19:19 | 4152161 Calmyourself
Calmyourself's picture

I call BS, you did not understand the book, try again.

Thessalonions 3:10-12

 "For even when we were with you, we would give you this command: If anyone is not willing to work, let him not eat. 11 For we hear that some among you walk in idleness, not busy at work, but busybodies. 12 Now such persons we command and encourage in the Lord Jesus Christ to do their work quietly and to earn their own living.[a]"

Wed, 11/13/2013 - 19:59 | 4152281 Harbanger
Harbanger's picture

The angel closes your eyes.

Wed, 11/13/2013 - 20:00 | 4152288 Promethus
Promethus's picture

If your alleged savior is Obama, then I agree with you. Otherwise you're an idiot.

Wed, 11/13/2013 - 21:16 | 4152541 Flakmeister
Flakmeister's picture

No his was highlighted in the New Testament...

Wed, 11/13/2013 - 14:28 | 4150804 unrulian
unrulian's picture

What is stealing? does god want us to pay for things with debt money that is merely a medium to steal from and enslave us?

 ..just asking...

Wed, 11/13/2013 - 15:44 | 4151213 Harbanger
Harbanger's picture

The three Kings didn't bring Jesus FRN's.  Just sayin....

Fri, 11/15/2013 - 10:47 | 4153113 Flakmeister
Flakmeister's picture

It would have been really impressive if they had they, given that FRNs came into existence almost 2000 years later...

A very clear sign that the US was really God's chosen people....

Wed, 11/13/2013 - 14:32 | 4150830 dracos_ghost
dracos_ghost's picture

"Good Catholics"!!!

Good one. Let's not forget recently that Pope Benny quit God(I never realized you could do that) and they spelled Jesus wrong on Papal medals. The State is the new Church. All others are false idols.

There are no good catholics any more. Sincerely, an Ex-Catholic.

Sat, 11/16/2013 - 01:26 | 4160091 suicidalpsychologist
suicidalpsychologist's picture

socialo catholic...A new religion.

Wed, 11/13/2013 - 16:43 | 4151481 Agent P
Agent P's picture

"Damn.  That looks like my local Costco on any given Sunday, minus the free samples."

Apparently everything down there is a free sample.

Wed, 11/13/2013 - 14:04 | 4150676 Flakmeister
Flakmeister's picture

Re: "Socialism in its naked greed."

What would you call Black Friday at Walmart?

Wed, 11/13/2013 - 14:15 | 4150726 Anusocracy
Anusocracy's picture

The running of Pavlov's Shoppers.

Wed, 11/13/2013 - 15:09 | 4151020 MachoMan
MachoMan's picture

Except instead of getting gored by a bull, you get suffocated by fat rolls or left with tire tracks across your back from the motorized scooter.

Wed, 11/13/2013 - 14:20 | 4150756 shovelhead
shovelhead's picture

Voluntary transactions. Not theft.

Wed, 11/13/2013 - 14:46 | 4150908 Vergeltung
Vergeltung's picture

can always count on you to say something stupid. not worthy of your avatar.

Wed, 11/13/2013 - 15:29 | 4150940 Flakmeister
Flakmeister's picture

Really... 

It would be more fair to say that you can count on me to say something you disagree with..

Would you like me to post videos and/or links of people getting crushed to death on Black Friday?

Wed, 11/13/2013 - 16:20 | 4151386 NidStyles
NidStyles's picture

Sure, only if you make sure not to post images with EBT holders. Good luck with that.

Wed, 11/13/2013 - 14:02 | 4150660 GeezerGeek
GeezerGeek's picture

Scratch 'CAPITALISTIC' and substitute 'FASCISTIC'. The looting in the US is not capitalistic, which is often conflated with free markets, but it looks like fascism/corporatism to me. Government working hand in hand with selected big corporations has nothing to do with capitalism. 

Wed, 11/13/2013 - 14:15 | 4150727 EscapeKey
EscapeKey's picture

calm down, i was obviously being facetious

Wed, 11/13/2013 - 14:51 | 4150925 NOTaREALmerican
NOTaREALmerican's picture

Re: nothing to do with capitalism

Humanity has "nothing to do with capitalism". It's a word invented by a commie - which also has nothing to do with humanity. These are words used by semi-autistics who are fantasizing about a state of humanity that doesn't exist. There's only Screwism. The smart-n-savvy people figure out how to screw the dumbasses. The tough part of understanding Screwism is when you realized who the dumbasses are. Self-delusion is a powerful force.

Wed, 11/13/2013 - 15:12 | 4151039 MachoMan
MachoMan's picture

Bingo...  but don't tell anyone that if you call screwism something like...  capitalism, then you can get people to think the piss running down their neck is actually rain...  there is only self interest and it dictates every conscious human action.

Wed, 11/13/2013 - 15:29 | 4151134 11b40
11b40's picture

I have a basic philosophy that has served me well through the years, and when I tell people part one, they are a little dis-believing.

"I trust everybody"

With part 2 comes understanding.

"to act in their own self-interest"

I have rarely been either surprised or disappointed, and when something proves me wrong, it is a positive thing, like an updside surprise.

I also believe that the vast majority of folks will do the right things.....so long as those things do not get in the way of their self interest.

i.e., trust, but verify.

Wed, 11/13/2013 - 15:40 | 4151187 rwe2late
rwe2late's picture

 which brings us to the question how much of individualistic egoism/greed is a learned attitude/behavior, and not innate/genetic.

Other cultures seem to have prioritized motivation to do what is deemed best for the family/community.

Wed, 11/13/2013 - 17:41 | 4151704 MachoMan
MachoMan's picture

First and foremost it is genetic...  something that allowed our ancestors to survive against the others...

The learned aspects are merely used in the valuation process.  In other words, performing an action that makes me feel good to help my family or that makes me feel complete by doing my duty is no more or less selfish than refusing to give my employees christmas bonuses.  The only difference is that in the former, the benefit was intrinsic, whereas with the latter, the benefit was extrinsic.  It's pretty easy to focus on extrinsic motivation because the trail of crumbs is so obvious...  however, there is a much more subtle incentive system...  one which exists in the confines of our minds...  and, I dare say, it's at least every bit as powerful as the other.  The weight of things that intrinsically motivate us are largely a function of our environment/learning.

Sat, 11/16/2013 - 01:31 | 4160095 suicidalpsychologist
suicidalpsychologist's picture

Newsflash we re all animals who insure their survival at the expense of others if necessary, 99.9% of the time. There has to be a loser for every winner, it cannot be otherwise. Life is unfair and cosntantly generates inequality, if you want to end inequality you have to end life.

Wed, 11/13/2013 - 17:25 | 4151718 MachoMan
MachoMan's picture

Exactly.  This is why everyone should love the greedy and calculating adversary...  the people you have to watch out for are the crazies, with no adherence to any ethos and who act on a whim...  the nonobservant and sexually frustrated call these people "women"

Wed, 11/13/2013 - 16:22 | 4151392 NidStyles
NidStyles's picture

Only if you are a moron and don't know that the philosophy of Capitalism pre-dates Marx, just as the word itself does.

Wed, 11/13/2013 - 16:39 | 4151453 ZH11
ZH11's picture

The Hollandische Mercurius uses capitalists in 1633 and 1654 to refer to owners of capital.In French,Étienne Clavier referred to capitalistes in 1788,six years before its first recorded English usage by Arthur Young in his work Travels in France (1792). David Ricardo, in his Principles of Political Economy and Taxation (1817), referred to "the capitalist" many times. Samuel Taylor Coleridge, an English poet, used capitalist in his work Table Talk (1823). Pierre-Joseph Proudhon used the term capitalist in his first work, What is Property? (1840) to refer to the owners of capital. Benjamin Disraeli used the term capitalist in his 1845 work Sybil. Karl Marx and Friedrich Engels used the term capitalist(Kapitalist) in The Communist Manifesto (1848) to refer to a private owner of capital.

http://en.wikipedia.org/wiki/Capitalism#Etymology_and_early_usage

Wed, 11/13/2013 - 16:49 | 4151513 roadhazard
roadhazard's picture

It's not looting if you're wearing a suit and tie.

Thu, 11/14/2013 - 06:40 | 4153303 0z
0z's picture

Capitalism: The concept of ownership.

Looting: The denial of ownership.

Capitalistic looting = oxymoron

Note; Calling something capitalist doesnt make it capitalist. Government and capitalism are antithetical.

Wed, 11/13/2013 - 13:52 | 4150580 Temporalist
Temporalist's picture

"We may not have money, toilet paper, food or electricity...but these televisions are sure great to make coffee tables (although we're also out of coffee)."

http://www.youtube.com/watch?v=Bbv5B71KmkA

Wed, 11/13/2013 - 14:02 | 4150664 dontgoforit
dontgoforit's picture

If we had some ham we could have some ham & eggs, if we had some eggs.

Wed, 11/13/2013 - 16:47 | 4151505 Agent P
Agent P's picture

My dad always said this...it's one of my favorites. 

Wed, 11/13/2013 - 17:31 | 4151750 WOAR
WOAR's picture

Can we get Banzai to use that Unbelievable Bullshit sign in one of his pictures?

Wed, 11/13/2013 - 13:54 | 4150611 NIHILIST CIPHER
NIHILIST CIPHER's picture

You got that right Ig, only here in the USSA the looters use a gubbermint issued card to loot. If all that was private is declared public here, Imma git me a new S600 MBENZ down at the public Mercedes dealer. But you were most likely pointing the finger at the banksters.

Wed, 11/13/2013 - 14:02 | 4150661 DeathProof
DeathProof's picture

They look like a fucken swarm of leafcutter ants, but with flat screen tv's instead leaf pieces over their heads

Wed, 11/13/2013 - 14:25 | 4150787 NotApplicable
NotApplicable's picture

*off-screen narrator*

"Incredibly, this species can lift over 10 times their annual income."

Wed, 11/13/2013 - 14:29 | 4150813 DeathProof
DeathProof's picture

NotApplicable.. That's fucken hilarious

Wed, 11/13/2013 - 14:33 | 4150829 tunnelvizn
tunnelvizn's picture

Logged in, just to up-arrow this !

Wed, 11/13/2013 - 15:21 | 4151094 Dan Conway
Dan Conway's picture

ditto

Wed, 11/13/2013 - 14:37 | 4150858 farragut
farragut's picture

lol, excellente!

Wed, 11/13/2013 - 14:51 | 4150933 Poundsand
Poundsand's picture

Winner!

Wed, 11/13/2013 - 14:56 | 4150960 Ourrulersknowbest
Ourrulersknowbest's picture

Funniest comment I've seen ever.
10 times its income....fucking genius....
Imagine how much a parasite banker ant can carry

Wed, 11/13/2013 - 15:07 | 4151009 dontgoforit
dontgoforit's picture

Brilliant, NA!!  Very funny!

Wed, 11/13/2013 - 14:50 | 4150924 Dubaibanker
Dubaibanker's picture

You have NOT heard anything unless you have heard of the POTATO RIOTS in Eastern India.

http://timesofindia.indiatimes.com/city/kolkata/Veggies-on-fire-villager...

From Venezuela, to Philippines and now in India, riots are just getting started, sadly (not to mention the entire Middle East). But India's ones are most amusing, because they are over puny potatoes. For onions, I would cry, but potatoes and tomatoes....well.....that brings a smile!

Forget gold bitchez....the new war cry is....potatoes bitchez....:)

Wed, 11/13/2013 - 16:16 | 4151368 Larry Dallas
Larry Dallas's picture

Can you imagine the body odor there. Stinks to high hell.

Wed, 11/13/2013 - 14:11 | 4150709 youngman
youngman's picture

You can sell them..you just won´t get paid for them..

Wed, 11/13/2013 - 14:19 | 4150746 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Verdad...  But, I am NOT going to send Chavistas anything of value...

Not even a Maduro who hears "His Master's Voice" (Chavez) from a little bird...

Wed, 11/13/2013 - 15:11 | 4151031 dontgoforit
dontgoforit's picture

Lo ciento mucho, chico!  Cheap chirp!  Tweet!

Wed, 11/13/2013 - 13:45 | 4150545 gaoptimize
gaoptimize's picture

Commit to prepare for Riddly Scott "Alien"s, so that currency collapse, EMP, hurricanes, revolution, world war, zombies, or anything else will seem relatively mild. 

Wed, 11/13/2013 - 14:04 | 4150674 GeezerGeek
GeezerGeek's picture

Please refresh my memory: were those aliens documented or did they sneak in?

Wed, 11/13/2013 - 15:39 | 4151183 seek
seek's picture

I think technically they were imported by Weyland, so I'm betting it was a H1B visa plan.

Wed, 11/13/2013 - 13:46 | 4150563 RSloane
RSloane's picture

You know, I read about scenes just like this in a book somewhere, just can't recall right now.

Wed, 11/13/2013 - 16:41 | 4151469 RichardENixon
RichardENixon's picture

Livy's History of Rome, Speer's Inside the Third Reich, Mao's "Little Red Book" perhaps?

 

 

Wed, 11/13/2013 - 13:50 | 4150582 fooshorter
fooshorter's picture

WHO is John Galt??

Wed, 11/13/2013 - 13:59 | 4150600 hedgeless_horseman
hedgeless_horseman's picture

 

 

John Galt is fictional character in a fantasy* novel that illustrates general behaviors of socioeconomic groups, but provides no real solutions to the problems we face.

One might as well ask, "Who is Muad'Dib?"

 

*Ray screens and unlimited energy from the atmosphere

Wed, 11/13/2013 - 14:01 | 4150647 RSloane
RSloane's picture

Pretty much yes. The problem is that there are no real solutions other than an all-embracing return to a hunter gatherer society and start again, this time with claws ready to ensure that everyone gets fair and proper treatment under the law, ie, start hanging people for financial crimes.

Wed, 11/13/2013 - 14:09 | 4150692 Temporalist
Temporalist's picture

HH I believe that John Galt is an idea...much like the Republic of the United States, The Constitution and Rule of Law are ideas (ideals) which are now fictional.

 

"You can kill a man but you can't kill an idea."- Medgar Evers

 

“An idea whose time has come cannot be stopped by any army or any government.” - Ron Paul

Wed, 11/13/2013 - 14:15 | 4150728 Herd Redirectio...
Herd Redirection Committee's picture

I say we start over, and ban usury, fractional reserve banking, and fiat currency.

Whats this, I am getting something on my headset.  This has already been tried????  They were smart enough to outlaw usury hundreds of years ago? 

No wonder there is no great emphasis on teaching history, or appreciation for those who came before us.

Wed, 11/13/2013 - 15:13 | 4151042 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Yes it was called the Bradbury Pound issued between 1914 - 1928 by the UK (HM) Treasury. It was the only time in British history I know of the Treasury issued bank notes after the inception of the Bank of England. They were debt free notes.

http://archive.org/stream/financiersandthe033017mbp/financiersandthe0330...

read chapter 6

VI. USURY ON THE GREAT WAR . . . -45

 

There is a movement in the UK right now to get the Bradbury Pound reinstated again.

Wed, 11/13/2013 - 15:20 | 4151084 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Here is a really interesting write up on the Bradbury Pound.

http://www.lawfulrebellion.org/2012/11/19/the-bankers-the-bradburys-the-...

Three weeks ago, as part of my ongoing research into the banking elite, I came across a fascinating book entitled The Financiers and the Nation by the Rt. Hon. Thomas Johnston, P.C., ex-Lord Privy Seal. It was written in 1934 and republished in 1994 by Ossian Publishers Ltd. Here is the link to the text of this quite remarkable and rare book:

http://archive.org/stream/financiersandthe033017mbp/financiersandthe033017mbp_djvu.txt

In Chapter 6, entitled ‘Usury on the Great War’, I’ve selected the following paragraphs which I believe are both shocking and self-explanatory:

WHEN the whistle blew for the start of the Great War in August 1914 the Bank of England possessed only nine millions sterling of a gold reserve, and, as the Bank of England was the Bankers’ Bank, this sum constituted the effective reserve of all the other Banking Institutions in Great Britain.

The bank managers at the outbreak of War were seriously afraid that the depositing public, in a panic, would demand the return of their money.  And, inasmuch as thedeposits and savings left in the hands of the bankers by the depositing public had  very largely been sunk by the bankers  in enterprises which, at the best, could  not repay the borrowed capital  quickly, and which in several and  large-scale instances were likely to be  submerged altogether in the stress of  war and in the collapse of great areas  of international trade, it followed that  if there were a widespread panicky run  upon the banks, the banks would be  unable to pay and the whole credit  system would collapse, to the ruin of  millions of people.

Private enterprise banking thus being on the verge of collapse, the Government (Mr. Lloyd George at the time was Chancellor of the Exchequer) hurriedly declared a moratorium, i.e. it authorized the banks not to pay out (which in any event the banks could not do), and it extended the August Bank Holiday for another three days.  During these three or four days when the banks and stock exchanges were closed, the bankers held anxious negotiation with the Chancellor of the Exchequer. And one of them has placed upon record the fact that ‘he (Mr. George) did everything that we asked him to do.’ When the banks reopened, the public discovered that, instead of getting their money back in gold, they were paid in a new legal tender of Treasury notes (the £1 notes in black and the 10s. notes in red colours). This new currency had been issued by the State, was backed by the credit of the State, and was issued to the banks to prevent the banks from utter collapse. The public cheerfully accepted the new notes; and nobody talked about inflation.

 

To return, however, to the early war  period, no sooner had Mr. Lloyd  George got the bankers out of their difficulties in the autumn of 1914 by the issue of the Treasury money, than they were round again at the Treasury door explaining forcibly that the State  must, upon no account, issue any more money on this interest free basis; if the war was to be run, it must be run with borrowed money, money  upon which interest must be paid, and  they were the gentlemen who would  see to the proper financing of a good, juicy War Loan at 31/2 per cent,  interest, and to that last proposition  the Treasury yielded. The War was not to be fought with interest-free money, and/or/with conscription of wealth; though it was to be foughtwith conscription of life. Many small businesses were to be closed and their proprietors sent overseas as redundant, and without any compensation for theirlosses, while Finance, as we shall see, was to be heavily and progressively remunerated.

 

So there we have it in a nutshell! The real values of the private bankers and the City of London exposed for all to see. Whilst hundreds of thousands of British soldiers were dying on the killing fields of Flanders and elsewhere doing what they saw as their patriotic duty, British bankers, safely out of danger and not sharing the appalling conditions on the Western Front, were only interested in one thing – how to make obscene profits from Britain’s desperate efforts to win the war. To say that the private bankers and the City of London have the morals of sewer rats is to be extremely unkind to our little rodent friends. But this is the clincher.As a direct result of the greed and treason of the British private bankers in preventing the continuance of the Bradbury Treasury Notes, Britain’s National Debt went up from £650 million in 1914 to a staggering £7,500 million in 1919.

And this is where it all gets particularly interesting. The following is an extract from the official and current HM Treasury’s Debt Management Office website….and it appears to be completely at odds with the account given by the Rt. Hon. Thomas Johnston.

http://www.dmo.gov.uk/index.aspx?page=About/treasury_history)

The threat of World War One pushed British banks into crisis; exacerbated further as half the world’s trade was financed by British banks and as a consequence international payments dried up. In response to this crisis, John Maynard Keynes (the renowned economist), persuaded the Chancellor Lloyd George to use the Bank of England’s gold reserves to support the banks, which ended the immediate crisis. Keynes stayed with the Treasury until 1919. The war years of 1914-18 had seen an increase in the National Debt from £650 million at the start of the war to £7,500 million by 1919. This ensured that the Treasury developed new expertise in foreign exchange, currency, credit and price control skills and were put to use in the management of the post-war economy. The slump of the 1930s necessitated the restructuring of the economy following World War II (the national debt stood at £21 billion by its end) and the emphasis was placed on economic planning and financial relations.

Why is there is no mention whatsoever of the £300 million of Bradbury debt-free paper Treasury Notes issued in 1914? Instead, it says Lloyd George, on the advice of John Maynard Keynes, used the Bank of England’s gold reserves which, according to Johnston, only amounted to £9 million. What is going on here? Who is telling the truth? Could it be that HM Government, the puppets of the City of London, don’t want you to know about the simple but effective concept of debt-free and interest-free Treasury Notes?

...

There is more on his research and conclusions there. Maybe some of the Tyler(s) or regular  contributors might want to do a full  article on this subject.


 

Wed, 11/13/2013 - 15:24 | 4151103 MachoMan
MachoMan's picture

Not only did we try it, but IT FAILED...  we're back at the drawing board.  Essentially, we have to choose among competing theories, all of which have proven to fail.  I know I harp on it, but humans have yet to devise and implement the answer.

Wed, 11/13/2013 - 14:17 | 4150741 Dr. Engali
Dr. Engali's picture

Maduro may be popular at the moment, but I'll bet he is being drug through the streets within two years.

Wed, 11/13/2013 - 14:48 | 4150912 Vergeltung
Vergeltung's picture

one can only hope!

Wed, 11/13/2013 - 15:37 | 4151171 Dan Conway
Dan Conway's picture

With nothing left to give away, he won't make it.  People used to free stuff won't like it when there will be no more tv's and phones for the proletariat.  I would like to see a video of him riding through a barrio of homeless and starving people.  Ole!

Wed, 11/13/2013 - 16:59 | 4151577 Agent P
Agent P's picture

The good news is that after this event all Venezuelan citizens will be able to watch that event on television. 

Wed, 11/13/2013 - 14:55 | 4150955 Anusocracy
Anusocracy's picture

That's what the Colt 45, the Equalizer, was for.

Wed, 11/13/2013 - 14:03 | 4150667 Flakmeister
Flakmeister's picture

HH, 

     truly one of your more insightful posts...

 

And the answer is not "A Fremin poseur".....

Wed, 11/13/2013 - 14:04 | 4150672 NIHILIST CIPHER
NIHILIST CIPHER's picture

HH                   Was there not a invention to save mankind.................like some type of hydrogen power cell?  Not that TPTB would let us have free energy. 

Wed, 11/13/2013 - 14:05 | 4150687 Flakmeister
Flakmeister's picture

No...

Wed, 11/13/2013 - 14:06 | 4150678 pods
pods's picture

Han Solo was the consummate opportunist.  Kind of like the current president.

Han also had a Wookie as a friend. Kind of like the current president.

Oh, and HAN SHOT FIRST.

pods

(Damn you HH, I don't have a snarky retort for your edit!)

Wed, 11/13/2013 - 14:07 | 4150691 krispkritter
krispkritter's picture

Valerie Jarrett as Princess Leia?

Wed, 11/13/2013 - 14:21 | 4150765 Blano
Blano's picture

Boba Fett.

Wed, 11/13/2013 - 16:46 | 4151502 Meat Hammer
Meat Hammer's picture

The Emperor

Wed, 11/13/2013 - 15:57 | 4151283 Nick Jihad
Nick Jihad's picture

"but provides no real solutions to the problems we face".

I disagree. Going Galt is a solution. A case can be made the the Soviet Union collapsed because everyone went Galt: "They pretend to pay us, and we pretend to work."  - this resembles going Galt, to me.

One would certainly wish for a _better_ solution, and there's no shortage of people who think they have a better solution. But as long as you're paying taxes, you're forging your own chains.

Wed, 11/13/2013 - 14:36 | 4150854 Big Brother
Big Brother's picture

Quien es Juan Galt? (since this is Venezula).

Wed, 11/13/2013 - 14:05 | 4150688 Aeternus
Aeternus's picture

War is Peace, Freedom is Slavery, Ignorance is strength and MOAR free shit is AWESOME!

http://www.youtube.com/watch?v=deuC8GPr31A

Wed, 11/13/2013 - 14:44 | 4150897 Clayton Bigsby
Clayton Bigsby's picture

Too bad they can't wipe their asses with televisions.  Oh well... Viva la revolucion!!!

Wed, 11/13/2013 - 14:49 | 4150910 Dubaibanker
Dubaibanker's picture

.

Wed, 11/13/2013 - 13:42 | 4150527 LFMayor
LFMayor's picture

remember all that hollow point ammo?

Yeah...

Wed, 11/13/2013 - 13:43 | 4150532 kito
kito's picture

better than black friday!!!

Wed, 11/13/2013 - 13:45 | 4150552 DoChenRollingBearing
DoChenRollingBearing's picture

Wheeeee!!!   That was easy!

Wed, 11/13/2013 - 13:48 | 4150571 seek
seek's picture

Checkout is faster when you don't have to pay.

Wed, 11/13/2013 - 13:46 | 4150534 One And Only
One And Only's picture

At least with socialism in Venezuela people get cool stuff like sick 52 inch plasma screen TVs. All we get in America is a shitty website that sucks dick.

Wed, 11/13/2013 - 14:28 | 4150803 NotApplicable
NotApplicable's picture

Wait a minute...

I can get my dick sucked?

Wed, 11/13/2013 - 15:42 | 4151199 Flakmeister
Flakmeister's picture

Yep, drive to the nearest truck stop and wave a $50 bill...

With any luck the meth will have taken care of those nasty teeth....

Wed, 11/13/2013 - 13:44 | 4150537 Bawneee Fwank
Bawneee Fwank's picture

Free Shit Army!

Wed, 11/13/2013 - 14:02 | 4150659 Bastiat
Bastiat's picture

I think that was the Free Shit Militia.

Wed, 11/13/2013 - 16:48 | 4151508 Meat Hammer
Meat Hammer's picture

Mierda Gratis

Wed, 11/13/2013 - 13:44 | 4150540 world_debt_slave
world_debt_slave's picture

already happening in the Unites States of Amerika, not being reported by MSM (CIA propaganda machine).

Wed, 11/13/2013 - 16:02 | 4151310 Nick Jihad
Nick Jihad's picture

The Walmart incident when EBT's weren't working, was widely reported.  But yeah, the flash-mob store raids don't seem to be getting widespread coverage. Must be detrimental to the narrative.

Wed, 11/13/2013 - 13:44 | 4150541 Jim B
Jim B's picture

Wiw! I guess I should have sold my shares in DAKA! LOL!

Wed, 11/13/2013 - 13:45 | 4150543 Big Corked Boots
Big Corked Boots's picture

Apparently these are the shock troops of the Free Shit Army.

No doubt notes are being taken for practical application in Amerika.

Wed, 11/13/2013 - 13:47 | 4150565 seek
Wed, 11/13/2013 - 14:30 | 4150817 Billy Sol Estes
Billy Sol Estes's picture

I can't put my finger on it but these people seem to have something in common....

Wed, 11/13/2013 - 14:55 | 4150957 NOTaREALmerican
NOTaREALmerican's picture

Re:  I can't put my finger on it but these people seem to have something in common

Yeah, "those people" generally aren't members of the top 1% who do their looting in private, and get much better goods.

Wed, 11/13/2013 - 16:50 | 4151528 Meat Hammer
Meat Hammer's picture

Good point...not funny...but good point.

Wed, 11/13/2013 - 16:03 | 4151317 Nick Jihad
Nick Jihad's picture

You mean, if Obama had a dozen sons, they would look like a Chicago flash mob?

Wed, 11/13/2013 - 14:07 | 4150683 dontgoforit
dontgoforit's picture

No one does like a Philly flash mob.  However, it is kinda warm & dry down there this time of year.  We were at Puerto Ordaz some years ago - seems I remember there were a lot of rifle toting Army types all around, 'cept from noon to 2pm at which time there pretty much weren't any folks around.

Wed, 11/13/2013 - 13:45 | 4150549 seek
seek's picture

And in a couple months they're going to be in shock when no one will import something as small as a AA battery, let alone electronics.

Wed, 11/13/2013 - 13:48 | 4150570 DoChenRollingBearing
DoChenRollingBearing's picture

Venezuela might be a good test case for BTC...  

If they can get any...

***

My "Part One" piece of a complicated but interesting topic:

"Fun for Beginners with Bitcoins"

http://tinyurl.com/lh7kt5y

Wed, 11/13/2013 - 14:00 | 4150649 seek
seek's picture

Nice writeup!

The should be able to get BTC for gold, but I seriously doubt anyone would be dumb enough to trade for local currency at this point.

With this kind of behavior, you really have to wonder how long before there's no power for all those goodies. I know they get a lot from hydroelectric but I have to imagine they depend on imported parts (like bearings!) to maintain things.

Wed, 11/13/2013 - 14:28 | 4150801 DoChenRollingBearing
DoChenRollingBearing's picture

Venezuela's Orinoco River is a big river.  If they dam it up, that might provide cheap power for them to mine their own Bitcoins!

They can always send them to me,  About 264 Bitcoins would fill up a 40' containerload of genuine Chinese bearings for Yutong buses!

Venezuela!  Send me 264 Bitcoins, and I will send you LOTS and LOTS of bearings!

1P11zA1GaJcyjc7oVt1jVQvWcPoW12sv5R

***

Everyone else, please don't send me anything, I still have 0.02 BTC left, which even at worth just some $7 - $8 is still enough for more fun!

Above offer is for Venezuela only!

Wed, 11/13/2013 - 14:59 | 4150978 gaoptimize
gaoptimize's picture

I remember that ball bearing plants were always the target of bombing raids in the old sitcom "Hogan's Heroes".  Given what is going on between China and Japan regarding the Senkaku islands, got bunker Mr. Bearing?

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