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37 Reasons Why "The Economic Recovery Of 2013" Is A Giant Lie

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

"If you repeat a lie often enough, people will believe it."  Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy.  They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true. 

On Friday, it was announced that the unemployment rate had fallen to "7 percent", and the mainstream media responded with a mix of euphoria and jubilation.  For example, one USA Today article declared that "with today's jobs report, one really can say that our long national post-financial crisis nightmare is over."  But is that actually the truth?  As you will see below, if you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent. 

There has been absolutely no employment recovery.  The percentage of Americans that are actually working has stayed between 58 and 59 percent for 51 months in a row.  But most Americans don't understand these things and they just take whatever the mainstream media tells them as the truth.

And of course the reality of the matter is that we should have seen some sort of an economic recovery by now.  Those running our system have literally been mortgaging the future in a desperate attempt to try to pump up our economic numbers.  The federal government has been on the greatest debt binge in U.S. history and the Federal Reserve has been printing money like crazed lunatics.  All of that "stimulus" should have had some positive short-term effects on the economy.

Sadly, all of those "emergency measures" do not appear to have done much at all.  The percentage of Americans that have a job has stayed remarkably flat since the end of 2009, median household income has fallen for five years in a row, and the rate of homeownership in the United States has fallen for eight years in a row.  Anyone that claims that the U.S. economy is experiencing a "recovery" is simply not telling the truth.  The following are 37 reasons why "the economic recovery of 2013" is a giant lie...

#1 The only reason that the official unemployment rate has been declining over the past couple of years is that the federal government has been pretending that millions upon millions of unemployed Americans no longer want a job and have "left the labor force".  As Zero Hedge recently demonstrated, if the labor force participation rate returned to the long-term average of 65.8 percent, the official unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.

#2 The percentage of Americans that are actually working is much lower than it used to be.  In November 2000, 64.3 percent of all working age Americans had a job.  When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job.  Today, only 58.6 percent of all working age Americans have a job.  In fact, as you can see from the chart posted below, there has been absolutely no "employment recovery" since the depths of the last recession...

Employment-Population Ratio 2013

#3 The employment-population ratio has now been under 59 percent for 51 months in a row.

#4 There are 1,148,000 fewer Americans working today than there was in November 2006.  Meanwhile, our population has grown by more than 16 million people during that time frame.

#5 The "inactivity rate" for men in their prime working years (25 to 54) has just hit a brand new all-time record high.  Does this look like an "economic recovery" to you?...

Inactivity Rate Men

#6 The number of working age Americans without a job has increased by a total of 27 million since the year 2000.

#7 In November 2007, there were 121.9 million full-time workers in the United States.  Today, there are only 116.9 million full-time workers in the United States.

#8 Middle-wage jobs accounted for 60 percent of the jobs lost during the last recession, but they have accounted for only 22 percent of the jobs created since then.

#9 Only about 47 percent of all adults in America have a full-time job at this point.

#10 The ratio of wages to corporate profits in the United States just hit a brand new all-time low.

#11 It is hard to believe, but in America today one out of every ten jobs is now filled by a temp agency.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 In this economic environment, there is intense competition even for the lowest paying jobs.  Wal-Mart recently opened up two new stores in Washington D.C., and more than 23,000 people applied for just 600 positions.  That means that only about 2.6 percent of the applicants were ultimately hired.  In comparison, Harvard offers admission to 6.1 percent of their applicants.

#14 According to the Social Security Administration, 40 percent of all U.S. workers make less than $20,000 a year.

#15 When Barack Obama took office, the average duration of unemployment in this country was 19.8 weeks.  Today, it is 37.2 weeks.

#16 According to the New York Times, long-term unemployment in America is up by 213 percent since 2007.

#17 Thanks to Obama administration policies which are systematically killing off small businesses in the United States, the percentage of self-employed Americans is at an all-time low today.

#18 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#19 According to the U.S. Census Bureau, median household income in the United States has fallen for five years in a row.

#20 The rate of homeownership in the United States has fallen for eight years in a row.

#21 Back in 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 54.9 percent of all Americans are covered by employment-based health insurance, and thanks to Obamacare millions more Americans are now losing their health insurance plans.

#22 As 2003 began, the average price of a gallon of regular gasoline was about $1.30.  When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85.  Today, it is $3.26.

#23 Total consumer credit has risen by a whopping 22 percent over the past three years.

#24 In 2008, the total amount of student loan debt in this country was sitting at about 440 billion dollars.  Today, it has shot up to approximately a trillion dollars.

#25 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#26 Back in the year 2000, our trade deficit with China was 83 billion dollars.  In 2008, our trade deficit with China was 268 billion dollars.  Last year, it was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in world history.

#27 The gap between the rich and the poor in the United States is at an all-time record high.

#28 Right now, 1.2 million students that attend public schools in the United States are homeless.  That is a brand new all-time record high, and that number has risen by 72 percent since the start of the last recession.

#29 When Barack Obama first entered the White House, there were about 32 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.

#30 Right now, approximately one out of every five households in the United States is on food stamps.

#31 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#32 In 2000, the U.S. government spent 199 billion dollars on Medicaid.  In 2008, the U.S. government spent 338 billion dollars on Medicaid.  In 2012, the U.S. government spent 417 billion dollars on Medicaid, and now Obamacare is going to add tens of millions more Americans to the Medicaid rolls.

#33 In 2000, the U.S. government spent 219 billion dollars on Medicare.  In 2008, the U.S. government spent 462 billion dollars on Medicare.  In 2012, the U.S. government spent 560 billion dollars on Medicare, and that number is expected to absolutely skyrocket in the years ahead as the Baby Boomers retire.

#34 According to the most recent numbers from the U.S. Census Bureau, an all-time record high 49.2 percent of all Americans are receiving benefits from at least one government program.

#35 The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.

#36 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 101 percent.

#37 The U.S. national debt is on pace to more than double during the eight years of the Obama administration.  In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.

Fortunately, it appears that most Americans are not buying into the propaganda.  According to a new CNN survey, the percentage of Americans that believe that the economy is getting worse far exceeds the percentage of Americans that believe that the economy is improving...

Americans views on the state of the nation are turning increasingly sour, according to a new national poll.

And a CNN/ORC International survey released Friday also indicates that less than a quarter of the public says that economic conditions are improving, while nearly four in ten say the nation's economy is getting worse.

Forty-one percent of those questioned in the poll say things are going well in the country today, down nine percentage points from April, and the lowest that number has been in CNN polling since February 2012. Fifty-nine percent say things are going badly, up nine points from April.

So what do you think?

Do you believe that the U.S. economy is getting better or getting worse?


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Mon, 12/09/2013 - 21:55 | Link to Comment Callz d Ballz
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Unicorns now being sold on Craigslist

Mon, 12/09/2013 - 21:57 | Link to Comment Dear Infinity
Dear Infinity's picture

UniCoins actively being traded for Au/Ag, I think people are wising up... look out below, the market for UniCoins could go bidless at any moment.

Meanwhile Au/Ag are drifting upward for a change... will it hold?

Mon, 12/09/2013 - 22:16 | Link to Comment Al Huxley
Al Huxley's picture

Are you kidding me?  Au/Ag won't hold OVERNIGHT let alone for any extended period. 

Mon, 12/09/2013 - 22:18 | Link to Comment markmotive
markmotive's picture

We are in a massive bubble. Inflate does not equal recover.

Mon, 12/09/2013 - 22:23 | Link to Comment Al Huxley
Al Huxley's picture

Sure, of course it doesn't, its the biggest wealth transfer in history from the middle class to the top tier of the financial elite, accomplished without violence or even complaint by those who are being slowly robbed.  What's your point?  What does that have to do with their relentless manipulation downward of the price of gold.

Mon, 12/09/2013 - 22:29 | Link to Comment Anusocracy
Anusocracy's picture

#39 41% of Americans have an IQ under 41.

Mon, 12/09/2013 - 22:49 | Link to Comment Oldwood
Oldwood's picture

#40, Obama's approval rates are at an all time low. When his idiotic minions start to bail, you know we are fucked.

Mon, 12/09/2013 - 23:21 | Link to Comment nmewn
nmewn's picture

A 23% black unemployment rate in the 16-24 age group has to be wrong.

Clearly, this calls for yet another speech event about amnesty for illegals, who will work for much less than any legal. Or...they can just manipulate the numbers and put both classes on the dole.

Its a Win-Win!!!

When one only thinks about profit & power.

Tue, 12/10/2013 - 01:21 | Link to Comment Handful of Dust
Handful of Dust's picture

"If you want to keep your recovery, you can keep your recovery."

Tue, 12/10/2013 - 02:46 | Link to Comment Manthong
Manthong's picture

I am a little bummed.

Before the canoe tipped over in the very large and deep lake, all I had was a few lumps of Au, Pt, Ag, Pb, Cu and some hardened tubular steel with spiral cuttings inside and some other machined parts..

Now there is nothing but hope for change..

in the dark messia and the Fed.


Tue, 12/10/2013 - 04:49 | Link to Comment starfcker
starfcker's picture

there is a very sobering article over on redstate today about the upcoming budget 'compromise'. i don't know how to link it. if that's the reality of where we're headed, i don't know what to think. paul ryan doing his best marco rubio imitation. bummer

Tue, 12/10/2013 - 07:42 | Link to Comment negative rates
negative rates's picture

If your neighbor is out of work, we are in a recession. If you are out of work, we are in a depression. The rest are happy campers.

Tue, 12/10/2013 - 09:26 | Link to Comment Keyser
Keyser's picture

And if you complain about your plight, you are branded a subversive and targeted by the Intelligencia. Long live the Empire. 

Mon, 12/09/2013 - 23:17 | Link to Comment ZH Snob
ZH Snob's picture

all that might be true, but did you see Denver get 51 points the other day?  it really looks like they're going to the Super Bowl this year.

Tue, 12/10/2013 - 01:50 | Link to Comment disabledvet
disabledvet's picture

I agree with below...know what though? "the thing about depression is that it's so damn depressing." these clowns in DC and in New York are simply lacking in the courage to talk this thing up. they'll talk the MARKET up...although I think they stink at that, too actually (and ironically enough. Do "we" always have to be right around here or can we share the credit some time?) I mean there really is what should be really good news. Instead we get "Meh." (or worse..."go phuck yourself." disgusting.) I hate to sound like a Pollyanna here but I'm really mad at myself for not staying all in this year. Next year will be here soon...let's start the Depressing talk early! Fail Tesla! Hope your oil boom busts successful oil maverick! Hope your trades head into the toilet Wall Street maven! Give it up you ain't got a prayer!

Tue, 12/10/2013 - 02:18 | Link to Comment Colonel Klink
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I can think of 700,000,000,000 reasons how the US taxpayers have been robbed.  Along with 536 acts of treason.

Tue, 12/10/2013 - 05:20 | Link to Comment lakecity55
lakecity55's picture

beat me to it, Freddie.

"if you like your soviet, you can keep your soviet."

Mon, 12/09/2013 - 21:54 | Link to Comment LetThemEatRand
LetThemEatRand's picture

My favorite argument these fuckers make is, "but it would have been much worse had we not done all of these things."  Oh yeah?  Worse for whom?  Oh right.  For you fuckers.  

Mon, 12/09/2013 - 22:15 | Link to Comment Al Huxley
Al Huxley's picture

Well,that's the beauty of a sample size of one - even if nobody believes them, nobody can prove them wrong either.  And now they have all the money, so it's not like they give a fuck anyway.

Mon, 12/09/2013 - 22:20 | Link to Comment BandGap
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Why make everyone suffer?


Tue, 12/10/2013 - 01:38 | Link to Comment silverserfer
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Well, look at a couple things that resulted from the bailout. 

1. I woke up and started stacking. the bailout provied me time to stack and get my financial bearings.

2. ZH was created in 2009 as a reslt of major market shenanigens. I dont think we would be here on this site now if it didnt happen.


Tue, 12/10/2013 - 06:37 | Link to Comment Fire Angel
Fire Angel's picture

You make an excellent point. 


Fire Angel 

Tue, 12/10/2013 - 09:57 | Link to Comment HardAssets
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LTER:  "My favorite argument these fuckers make is, "but it would have been much worse had we not done all of these things."  Oh yeah?  Worse for whom?  Oh right.  For you fuckers."

This article, and so many others, seems to think that 'they' give a shit about you and me and 'Joe Citizen'. 'They' don't. They don't give a rip about 'the economy' - - - just their own pocketbooks. If they cared about the nation, they would have ring fenced the derivative exposed banks and let them fail. They wouldn't be buying their toxic (fraudulent) shit paper. The private federal reserve is doing exactly what it was designed to do - - - protect their owners, the banks, & send the bill to the public.

They own the government. (When you grant someone the ability to print unlimited fiat - you ultimately given them power over everything in a society.)  All the 'homeland security' b.s. and building of the police state - - - - is to protect them. The wars fought overseas are to benefit them; if your kid dies in them, 'too bad' as far as they are concerned.  The 'laws' out of congress and the rulings from judges are from them, not for us . . . and definitely not according to any constitution.

'Economics', employment, growth, etc have nothing to do with it. Maybe a few naive professors believe that crap they were taught in school. They should have studied psychopath criminology instead.


Mon, 12/09/2013 - 21:57 | Link to Comment jcaz
jcaz's picture

LOL-  CNN told us not to believe the "negative nay-sayers", so gosh, things must be getting better, cause CNN would never lie....

Fuck you, Barry.

Mon, 12/09/2013 - 23:39 | Link to Comment Ms. Erable
Ms. Erable's picture

So... we can look forward to the 2014 'Summer of Recovery VI" tour, with speeches from the usual assortment of criminals?

Tue, 12/10/2013 - 10:51 | Link to Comment gloogle
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Tue, 12/10/2013 - 05:20 | Link to Comment lakecity55
lakecity55's picture

i hope you meant "fuck you" with Reggie's dick.

Mon, 12/09/2013 - 21:56 | Link to Comment EatYourCornTake...
EatYourCornTakeyourPill's picture

Cool story bro. My salary has gone up 35% over the last 2 years. I ain't complaining.

Mon, 12/09/2013 - 22:17 | Link to Comment owensdrillin
owensdrillin's picture

Making about $9.10 an hour now instead of $7.00. Cool.

Tue, 12/10/2013 - 03:58 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Actually my first thought was 1.35 X 0 = 0.

Mon, 12/09/2013 - 22:18 | Link to Comment Xibalba
Xibalba's picture

Government employee, lawyer, or a bailed out banker? 

Tue, 12/10/2013 - 00:54 | Link to Comment NeedtoSecede
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Contractor working on  Talk about job security!


Tue, 12/10/2013 - 02:43 | Link to Comment neidermeyer
neidermeyer's picture

None of the above , he went from one part time job to two.

Mon, 12/09/2013 - 22:24 | Link to Comment denverdolomte
denverdolomte's picture

So your making exactly what you would have been making a few years back, that is if you believe in inflation or buying power of paper. Congrats on the raises, I didn't down vote you, but what's a raise matter when we average annual loss on currency? Plus the rise in taxes and other anonymous fees we pay to enjoy serfdom here in the regions of Murrica. 


Tue, 12/10/2013 - 00:04 | Link to Comment EatYourCornTake...
EatYourCornTakeyourPill's picture

43$ an hour actually and I disagree with you. Food isn't a high % of my income so I don't actually lose purchasing power as quickly as I gain it. Luckily, we can keep our standard of living high thanks to the Chinese slaves and American war machine. The U.S is also a huge exporter of food. All in all, I would say the outlook is nowhere near as gloomy as most of you here make it out to be. At least not in the U.S in the near future, obviously there are huge fundamental flaws but with the majority of foreign assets in U.S dollars, I would say don't worry about it for 6 more years at least. Sure the stock market and other asset bubbles will pop, but the USD train is nowhere near finished.

Tue, 12/10/2013 - 00:44 | Link to Comment IridiumRebel
IridiumRebel's picture

Well good on you for choosing a wise livelihood. My wife makes a little more because she chose healthcare. Most everyone else of her friends are unemployed or working 50-60 hrs a week for less benes and pay. We all should feel better because you are doing well. I'll dodge bullets and traverse the crumbling facade of urban America to spread the joy to yonder 'Murica living paycheck to paycheck. If only we all did why you do! I do auto underwriting. Most people are bringing in about 25K and hav urinated on their credit. As for the dollar, sure we may make it another 6 years but th bell tolls for thee oh FRN....the bell does toll. Your perspective is uniquely American and watered by Bloomburgesque happy talk. It's folks like you tht get blindsided. I bet you are in finances.

Tue, 12/10/2013 - 09:17 | Link to Comment artless
artless's picture

To Iridium:

If he's in finance and making an hourly he's someone's bitch/secretary/or worse. That $43/hr translates to 89,440 / yr. I know waiters & bartenders in NYC that have made that much in a year. It really doesn't matter what the guy does. $40/hr isn't THAT crazy. I know people pushing paper in pointless fields like marketing making nearly 200,000 / yr. Of course in many cases that's after many years at the same place, etc. It's hard to pinpoint wages without taking those things into consideration.

I agree that the outlook expressed by CornTake is in the area of irrational exuberance and exhibits the typical short sighted view that is responsible for the situation in which we find ourselves.


The FRN survives at the pleasure of world trade. Because world trade is settles in Dollars around the globe it is backstopped for ehat would otherwise be tragic for another sovereign currency . If for instance oil began trading in another currency or perhaps settleed in GOLD the Dollar would be fucked. Of course The US Gov has proven time again that they are willing to blow thousnads of american serviocemen lives, Billions in bombs and military, and the world's trust to make sure THAT never happens. But it still might.

The 6 year timeline Corntaker suggests might just be correct. I expect TPTB still have a nit more to squezze out of the tax mules here in The US before the final reckoning. We're abot 2 yrs away from a diffrent puppet in The White House and after term one - six years- that could be the time when it reaches the end.

Corn's slightly smug "I'm doing great, I don't see the demise" attitude grates the nerves but his statements after that have some validity. I sense that in that part of the post he knows damn well that it's doomed.

Or maybe he doe not and he's just a completely delusional fucktard. Either way that anyone ACCEPTS what is going on or what has gone on in this country as even slightly moral or anything other than the absolutely criminal behavior that it is reveals themselves as nothing but another "little Eichman" to quote a complete douchebag professor. In other words PART OF THE PROBLEM.

Tue, 12/10/2013 - 10:30 | Link to Comment IridiumRebel
IridiumRebel's picture

I agree. I bartended in NY and made about 50-60k doing 4 days a week.

Tue, 12/10/2013 - 10:39 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Nope, probably entry level STEM.  He would be making twice that if it weren't for H1Bs, but based on his maturity level, he is formulating a good argument FOR H1Bs.

All not part of the original argument, which is a huge majority has been left behind to save a few.  If bankstering went to the shits like the rest of us, they would have recovered when the rest does. 

There is nothing innately special about bankstering that requires there to be NO BUSINESS CYCLE.  They should live the fruits of their labors.

Tue, 12/10/2013 - 08:20 | Link to Comment spankfish
spankfish's picture

I beleive the US is a net importer of food... you must have confused all those Chilean grapes you have been eating as being from Kalifornication... no?

Tue, 12/10/2013 - 09:55 | Link to Comment HardAssets
HardAssets's picture

It all depends on your individual situation. Quite a few of my family/friends are farmers. It wasn't long ago when times were tough, now they are doing extremely well. - - -A friend's nephew is former Army intel and is now works for a contractor doing who knows what in Iraq/Afghanistan. He makes a very nice six figure income with a high school education. He goes to work wearing a flak jacket and with an M-4 carbine within easy reach.

If you do that which fits in with the NWO plan (produce GMO crops, provide support ops for foreign wars, trade certain 'markets', provide goods for the fraction of the fraction of the less than 1% etc)  you may be doing very well.

I've seen this kind of hubris in those doing well. Their own situation is good, so they think the country must be doing good - or that whatever is going on now will continue into the future. A lot of guys thought that in 1929 . . . right before they jumped out of their office windows when the crash hit.

Many of us here have no problem with others success. More power to 'em. Its all relative and to some of us $86k ain't that big a deal. I know plumbers making more. Bragging about your raise when others may be facing tough times lacks class, however.

Just because youre doing well doesn't mean the nation as a whole is well or the path we're on is sustainable.

Tue, 12/10/2013 - 10:42 | Link to Comment FredFlintstone
FredFlintstone's picture

Great news folks, we got 6 more years!

Tue, 12/10/2013 - 10:45 | Link to Comment gloogle
gloogle's picture

"...huge fundamental flaws..."


"...don't worry about it for 6 more years..."


Yep. You're short-sighted and willfully ignorant.  Must be upper-level managemt!!

Mon, 12/09/2013 - 22:43 | Link to Comment Shad_ow
Shad_ow's picture

Unless you work for President Boy, good luck keeping it that way. Good luck getting medical care, avoiding the coming chaos, and retiring comfortably in the future.

Tue, 12/10/2013 - 09:37 | Link to Comment Keyser
Keyser's picture

No, you just need to expand your horizons. The US has become a 3rd world shithole. There are plenty of those around the world where you can have a higher quality of life with a lower cost of living and much less stress than living the US. Just sayin'. 


Tue, 12/10/2013 - 10:40 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Very, Very Important point.  Until people know that there will be no wage recovery.

Mon, 12/09/2013 - 22:49 | Link to Comment Oldwood
Oldwood's picture

Disability finally kick in?

Tue, 12/10/2013 - 02:03 | Link to Comment Kelley
Kelley's picture

In that case, the economy must be just fine because your salary has gone up 35%. 


From now on, instead of relying on nationwide statistics, we should just check with you to see how you're doing.

Mon, 12/09/2013 - 21:56 | Link to Comment ebworthen
ebworthen's picture

I raise my hand for #5, though I would like to be active if I could get paid a livable wage doing something productive.

Tue, 12/10/2013 - 00:58 | Link to Comment Frozen
Frozen's picture

Let's take stock here.  Half of all Americans are officially on the take.  How many of the remainder is NOT state workers, public officials, law, military, admin, managers, entertainment, hospitality, pharma, union or FIRE??

Tue, 12/10/2013 - 02:03 | Link to Comment disabledvet
disabledvet's picture

15 years in the public sector and I had the time of my life. 5 years in the private sector and I can't think of a worse place. "it's not the money but the fact that it's never enough." a gold standard "limited" that human compulsion. the only thing I see dead on the floor at the end of all this is Jesus. pisses me off actually. King David was a man too. I use to have a boss who only said one thing..."stop the madness." 4 years...that was all he ever said. Gotta say he had a point.

Tue, 12/10/2013 - 09:40 | Link to Comment Steve in Greensboro
Steve in Greensboro's picture

Q: How many people work in the public sector?

A: About half.

Tue, 12/10/2013 - 10:45 | Link to Comment HardAssets
HardAssets's picture

A bigger question is : How many of the half that work, - work at something worth doing ?

Example:  school 'teachers' who work at dumbing kids down, killing their curiosity & creativity

Example:  cops who work at violating citizens rights & nailing them with chicken-shit fines

Example:  social 'workers' who maintain the welfare state which only helps people to remain dependent on government


Tue, 12/10/2013 - 09:28 | Link to Comment artless
artless's picture


"Half of all Americans are officially on the take. "

"How many of the remainder is NOT state workers, public officials, law, military, admin, managers, entertainment, hospitality, pharma, union or FIRE??

I think you mean to suggest this but I'll spell it out anyway. All those state workers, public officials, military, PUBLIC SCHOOL teachers. police, fire, etc AND MOST IMPORTANATLY GOVERNMENT CONTRACTORS are all ON THE TAKE.

I edited your list a bit. Lawyers, entertainers, hospitality (your bartender buddy), managers, admin, etc might well be either unrespected or assholes but they as a whole provide a service in a voluntary exchange and do not benefit DIRECTLY from the confiscated property that we call taxes.

Way more than half are on the take. WAY more. And the rest of us get the tab. Not only for their salaries but for their retirements that are utterly out of line with any realistic idea of sustainability. So we get to kepp paying them out of our asses long after they are done providing all those SERVICES that at leat in my case I never asked for, never got a say in creating and never use. Thanks and if you are one of those folks:

Fuck You All.

Mon, 12/09/2013 - 22:02 | Link to Comment NoDebt
NoDebt's picture

Been saying we're heading into a recession since August of this year (a recession inside of the overall depression we've been in for 5 years and counting).  Even if I was right (probably not), who really cares?  Real-world recessions are meaningless to the markets.  They have their own eco-system now.  Just like DC.

Mon, 12/09/2013 - 22:08 | Link to Comment Eric L. Prentis
Eric L. Prentis's picture

The unemployed and broke, especially the brain dead, do not understand it when the corporate controlled media tells them that everything is now alright.

Mon, 12/09/2013 - 22:07 | Link to Comment Dr. Engali
Dr. Engali's picture

Reason number 38)

Males are throwing themselves over the balconies at the malls because their significant others shop too damn much:

Mon, 12/09/2013 - 22:15 | Link to Comment Callz d Ballz
Callz d Ballz's picture

I saw that as well Doc, crazy...

Mon, 12/09/2013 - 22:20 | Link to Comment Al Huxley
Al Huxley's picture

Well, I can sympathize with the guy.  Actually I salute his ill-conceived gesture - finally somebody REALLY said 'enough' to this idiotic consumerism.

Mon, 12/09/2013 - 22:29 | Link to Comment Dr. Engali
Dr. Engali's picture

Maybe if people had a dose of shopping in a landfill their perspective might change.

Then again maybe not.

Tue, 12/10/2013 - 05:15 | Link to Comment lakecity55
lakecity55's picture

dumpster diving has long been a tradition in the LC family.

"why are we doing this daddy?"

"because one day you may have to, honey."

"look! I found some nasty magazines with naked girls!"

"better let dad have those, son."


Mon, 12/09/2013 - 23:25 | Link to Comment NoDebt
NoDebt's picture

What?  You think just because somebody kills themselves they don't have an ulterior motive?

Well, OK, maybe not, but the whole thing smacks of insufficient cynicism.

Tue, 12/10/2013 - 07:47 | Link to Comment negative rates
negative rates's picture

Perhaps somebody just told the guy to jump from the balcony like you would tell someone to jump off the bridge, or jump off the economic cliff, and then ask them to do it to see if they would. And in this case 2 out of 3 aint bad.

Tue, 12/10/2013 - 02:26 | Link to Comment PT
PT's picture

Shop till you drop!

Shop till your bf drops!

Good.  Now I have a precedent to refer my gf to:  "I feel like I need some air ..."

Oh, that won't hurt the economy.  Men never buy anything anyway ...


Mon, 12/09/2013 - 22:10 | Link to Comment bugs_
bugs_'s picture


Mon, 12/09/2013 - 22:15 | Link to Comment Callz d Ballz
Callz d Ballz's picture

I wonder what number Snyder will be at when this thing finally blows? 

Mon, 12/09/2013 - 22:14 | Link to Comment nobodyimportant
nobodyimportant's picture

Another oft repeated lie -- "we went to the moon!"

Mon, 12/09/2013 - 22:22 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Part of it may be who determines what an economic boom/bust is. What an economic recovery is or what have you.


When Ford created the Model T, that created a lot of wealth for people in general. What happens if you don't have that happening all the time?


The Gov't seems to try and want to make us all believe we can't have bankruptcies happening at their TBTF Banks, and that they can levitate everything when there isn't the same kind of wealth being generated by such new inventions all the time. I believe that's because the little people would get to keep the wealth that had been generated by such endeavours in a free market. We can't have that happen now, can we. Those "in charge" believe that it is their birthright to remain in power and wealth regardless of what is happening in the real economy. So, they will resort to "whatever it takes", as Mario Draghi would say. Does that make sense? Perhaps I could have put it better, but that's a quick summary on my part.


As some have questioned, why do the little people have to pay taxes? While the Federal Reserve prints up that tax money for those that are "in the club".

Mon, 12/09/2013 - 22:18 | Link to Comment lasvegaspersona
lasvegaspersona's picture

#4 says it all....there are fewer taxpayers...period.

I won't even comment on the shitty jobs that those working now have. 

College grads are working tables...part time.

Mon, 12/09/2013 - 22:27 | Link to Comment TheRideNeverEnds
TheRideNeverEnds's picture

You are missing the point; every stock I watch is up 100-500% on the year and markets are at record highs with volatility at record lows.  

Who says the market cant just keep going straight up until the end of time as the poor become more poor and more people are replaced by robots and computers every day?  

The ones who see the benefit of these programs are, coincidentally, the very same people who own the corporation conducting these programs that everyone thinks is a government entity: The FED.  They are transferring themselves more of our wealth and telling us that it is for our own good.

Of course their programs are not helping the average person, they are not designed to, in fact you could easily make a case that all programs in recent history carried out by basically every single government agency have had just one real goal, enslave, pacify, disarm, brainwash, monitor, control and ultimately kill off the useless eaters and transfer everything to those that run the show as seamlessly as possible so as to not cause a fuss.   

They obviously must go slowly, if they just started straight killing people and taking all their stuff outright there may be revolts and that may make the transition unpleasant for them so in the interim while slaves are still needed to build the instruments of their own destruction they must be kept distracted and somewhat satiated. 


Mon, 12/09/2013 - 22:37 | Link to Comment Anusocracy
Anusocracy's picture

Government has never been about helping the average person.

It's about a select group helping themselves to everyone else's wealth.

Mon, 12/09/2013 - 23:06 | Link to Comment Oldwood
Oldwood's picture

If fundamentals like profits and such matter at all, common sense would have to suggest that this is not sustainable and further, this instabililty will ultimately be hugely destructive when it corrects. You may be able to time it and come out relatively better off, but what about the rest of us who do not invest, are not in the markets and simply work for a living. What about us? At some point there will be a reconcilliation, and I wouldn't wnat to be in the shoes of those who profitted from this as they will not be able to claim innocence. Sure, those who pillage after a disaster did not cause it, but they know what they are doing. Taking profits from this sham is no different as they are legitimizing and enabling this theft to occur. Selling us the rope for our own hanging.

Tue, 12/10/2013 - 02:19 | Link to Comment disabledvet
disabledvet's picture

"All Glory is fleeting." That's my theme for next year. Two years ago I was constructive on the market (great year...felt great being right.) Last year I got afraid and have missed out. "Elon Musk" as a persona makes sense to me. Mixing "market moving" and "fame" is a dangerous brew. Obviously I can't stand the spot light for good reason. But if I've ever tried to teach one thing since being confronted by this monstrosity called "the Internet" it's "monied interests should never see the light of day." the plan is to broadcast this shit live? and "there's no way to turn it off"? good luck with the "solvency crisis thingy."

Wed, 12/11/2013 - 08:57 | Link to Comment LooseLee
LooseLee's picture

Its like I keep saying, If you're not part of the solutionn then you are part of the problem and will be 'rewarded' as such. Buying into Shalom's 'Communist' central planning by participating in this sham of an equity market on the long side is to be a 'Communist' (Socialist, Fascist, et al.). You can rationalize it all you want but you are what you do....and you will reap what you have sown when things finally break. The status quo has got to go. Unfortunately, many depend on the status quo and so continue to piggyback on it. If you have no soul continue to sell yourself to the Communist movement. If you truly see (not only intellectually---but with your whole heart), then either stay out of these markets or be right and sit tight. The Flame of Truth will eventually burn all of those who rejected it.....

Tue, 12/10/2013 - 05:12 | Link to Comment lakecity55
lakecity55's picture

backdoor barry is no doubt a sophisticated robot, so go long robots.

Mon, 12/09/2013 - 22:31 | Link to Comment joego1
joego1's picture

Come on Ben get the jumper cables out, just one more month of QE should have this baby runnin strong.

Mon, 12/09/2013 - 22:56 | Link to Comment Oldwood
Oldwood's picture

How much would it cost Obama for 320 million rose colored glasses? Just sayin, I'm having a little trouble here seeing the big recovery. My business has been averaging a 15% year on year gross sales reduction for the last five. Beginning to not see the point in trying. I know I'm not the only one.

Tue, 12/10/2013 - 05:10 | Link to Comment lakecity55
lakecity55's picture

half the country knows he is a lying sack of shit.

the other half have free phones.

Mon, 12/09/2013 - 23:19 | Link to Comment yogibear
yogibear's picture

"If you repeat a lie often enough, people will believe it"

It seems to have worked.

"Only about 47 percent of all adults in America have a full-time job at this point."

It seems like Benny and the Inkjets have taken care of the huge deficits while Obamacare doubled the number of part-time jobs.

Mon, 12/09/2013 - 23:20 | Link to Comment Oldwood
Oldwood's picture

Its a lie? I thought they just unfortunately misspoke. Or was it just a technical error in the teleprompter? Its just not possible for our president, the first black president, to lie. It just can't happen, just like it is impossible for him to be a racist. Impossible!

And its not part time, its French socialist full employment! We are "progressing" dammit!

Mon, 12/09/2013 - 23:20 | Link to Comment Red Raspberry
Red Raspberry's picture

It's been a lie from the beginning.  Where you been?

Mon, 12/09/2013 - 23:26 | Link to Comment Stuck on Zero
Stuck on Zero's picture

You only need reason to convince anyone that the economic recovery is a lie ...  the government says there is an economic recovery.



Mon, 12/09/2013 - 23:30 | Link to Comment kchrisc
kchrisc's picture

"#4 There are 1,148,000 fewer Americans working today than there was in November 2006.  Meanwhile, our population has grown by more than 16 million people during that time frame."

Just about says it all.


Meanwhile, guillotine production is proving to be a booming cottage-industry.

Mon, 12/09/2013 - 23:32 | Link to Comment mayhem_korner
mayhem_korner's picture

The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years


That calculates to $200 per every single person per month.  Family of 4 = five-year, $800/month "free" money program.

Mon, 12/09/2013 - 23:43 | Link to Comment Keloid
Keloid's picture

As I understand it, there seems to be some confusion regarding cause and effect regarding economic data. All of this short term turmoil and consternation won't even be detectable in the long run. You will be able to tell when the US is no longer in the driver's seat when people start risking their lives to leave the US rather than risk all just to get here. To the productive will go the spoils, in the long run.

We all sound like a bunch of whining sissies. We have unprecedented access to human capital and technology and can't anybody figure out a way to make themselves useful in an economically feasible (and legal) manner? What a bunch of losers!

We have become domesticated. Our creativity and zest for life have been sucked out of us by our mass media directed superficial baby-boomer existance. Our souls are in jeopardy. 100 years ago we would have been euthanized, and rightfully so.


Tue, 12/10/2013 - 00:28 | Link to Comment I Write Code
I Write Code's picture

Obama's main rhetorical trick is to take a dead cat bounce and brag about how we are no longer plunging downward, and call that a recovery.

And even the dead cat only bounces because Bernanke bounces it.

Tue, 12/10/2013 - 00:53 | Link to Comment Alternative
Alternative's picture

#22 As 2003 began, the average price of a gallon of regular gasoline was about $1.30.  When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85.  Today, it is $3.26.

Err, I remember during Bush Jr reign gallon hitting almost $5.00. I don't remember it going all the way down to $1.85.

Here are the stats, however. Looks like it didn't last long enough to remain in memory:


Tue, 12/10/2013 - 01:29 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Thank you. I wondered how long it was going to be before the first Obama choom drinker blamed Bush.

Bush's fault and you got Obama Care what a tool!

Tue, 12/10/2013 - 02:05 | Link to Comment Alternative
Alternative's picture

Uh, oh, aren't we sensitive and partisan here just seeing some facts?

Tue, 12/10/2013 - 01:57 | Link to Comment Kelley
Kelley's picture

Did you intentionally spin the numbers or are you not thinking?


The average price of gas topped out at $4 nationwide at its highest point. If you were paying nearly $5, then you wouldn't have seen the national average of $1.85 but a higher price probably closer to $2.50.



Tue, 12/10/2013 - 02:33 | Link to Comment Alternative
Alternative's picture

What does it matter? The price was certainly $5.0 where I live and in some parts of the country. It is a number that is hard to forget. This particular argument is biased and senseless taken out of context. I am not defending Obama (God forbid) but I don't like this 'smart' presentation of the facts, as if prices were always below $2 before Obama. It lowers authors credibility for no good reason.

Tue, 12/10/2013 - 01:45 | Link to Comment Radical Marijuana
Radical Marijuana's picture

The economy of the USA passed an irreversible tipping point in 2007, which was the last "normal" year that we will ever see again in the life time of anyone alive today. A Century of triumphantly fraudulent financial accounting systems, as the crowning jewels of systemic manifestation of legalized lies, backed by legalized violence, throughout every social institution, has probably reached points of irreversible social polarization, along with destruction of the natural world.

The fundamental problem with the USA is that it represented the crowning glory of Neolithic Civilization, which ironically returned to its birth place to bomb that place back into regression, far beyond any possible economic recovery there, within the foreseeable future. Of course, that war on Iraq was merely the most demonstrable of the overall well-established systems of debt slavery, backed by wars based on deceits, which have been on exponential growth curves, which have reached their turning points, where their mathematical numbers have become NUTS: debt insanity, backed up by death insanities.


The fundamental mechanisms of the social pyramid systems of Neolithic Civilization have been amplified to astronomical sizes by the progress in science and technology. However, since those social systems were based upon a small minority using violence to back up lies, in order to keep the vast majority ignorant and afraid, that is what "progress" in technologies have primarily achieved: legalized lies, backed by legalized violence, magnified by many orders of magnitude, which are set to experience final failures from too much success at controlling society through huge lies, backed up with lots of violence. Since that violence can never make those lies become true, the more that those lies are enforced, the more psychotically insane the society becomes.

However, there are no practical political solutions that I am aware of, other than eventually collapse into chaos, eventually resulting in democidal mass murders. The problem is the basic social mechanism of legalized lies, backed by legalized violence, are too well-established to have any remedies within those established systems. The only theoretical treatments would require enough people to face enough of the radical truths, which go deeper, and deeper than the vast majority of the population is willing or able to go.


The basic dilemma that the USA economy operates between is the runaway success of frauds, backed by force, driving irreconcilable social polarization, along with destruction of the natural world. However, those systems have been developing for thousands of years, and for a couple of Centuries or so in the USA, at an exponential rate! Hence, those well-established systems of the ruling classes, over those ruled, PROVIDE NO PLAUSIBLE POLITICAL SOLUTIONS.

OF COURSE, "THE ECONOMIC RECOVERY OF 2013 IS A GIANT LIE." Almost everything that the USA is doing is based on runaway systems of legalized lies, backed by legalized violence, whereby the rulers are able to keep those who are ruled ignorant and afraid.  Furthermore, those who are ruled therefore tend to not be able to comprehend the bigger picture about the human ecology and political economy, while those rulers who do appear to understand that have nothing else to resort to but more of the same old lies and violence, all of which have been magnified many orders of magnitude by science and technology.

Therefore, this list of "37 Symptoms" is relatively superficial compared to the depth of the diseases, which appear to be so bad as to probably be terminally fatal. While I agreed with what Snyder stated, within his frame of reference, I tend to regard that presumed frame of reference as being just as much a part of the problem, as the list of "37 Symptoms" presented in this article.

The basic problems are that the Neolithic style of civilizations have developed into social pyramid systems which resolved chronic political problems in expedient ways. Therefore, the central issues of the death controls, and the debt controls, in the human ecology and political economy, were accomplished through the maximum possible deceits and frauds. The very success of that social pyramid system has driven force backed frauds, dependent upon maintaining evil deliberate ignorance, to become the dominate ways of thinking and behaving throughout almost the entire American social system.

The theoretical solutions would require much more radical truth about BOTH human evolutionary ecology, AND its applications through political economy, than anything that I am currently aware of being significantly present in the public spaces of American society, as it exists at the present time. Instead, there are runway systems of legalized lies, backed by legalized violence, which have become way too successful, for too many generations, in reducing the majority of the population to becoming political idiots, that are too ignorant and afraid to be able to do anything sufficient enough to effectively respond to that.

Any better solutions are extremely difficult due to the ways that almost everyone continues to think by using the same old-fashioned false fundamental dichotomies, and related impossible ideals. Therefore, while the real problems are amplified by many orders of magnitude by advances in science and technology, the social pyramid systems respond mostly by more of the same, merely attempting to keep themselves going ... The degree to which the ruling classes have succeeded in using lies, backed by violence, for generation after generation, to make sure that those ruled would be ignorant and afraid, severely limits any realistically possible creative alternatives to the new sets of problems which we encounter when exponential growth hits a wall, and then bounces off a cliff.

The combination of both the rulers and the ruled, deceits and deliberate ignorance, mean that we are going to hit the wall, while still attempting to accelerate as fast as we could ... The covert plans of the topmost of the top, the pyramidion people at the top of the globalized social pyramid systems, appear to be aware of that, but they seem to have decided to deal with that by deliberately still causing that to happen, so that the American economy will be destroyed, which will cause democidal martial law to be imposed.

More radical truth about the predicament that the USA economy is in should be seen in the context of basic problems the Neolithic style of civilization, or social pyramid systems, have. The basic systems of legalized lies, backed by legalized violence, in order to control society, are grossly out of touch with all of the other progress in science and technology. In theory, we could go through paradigm shifts in the philosophy of science, which could be applied to political science, to begin to transform our human ecology and economy in better adapted ways. However, given that the well-established systems are based on lies, backed by violence, by the rulers, while those ruled have adapted to operate within that frame of reference for many generations, almost none of the sufficiently radical truths needed to resolve their problems any better appear to have any practical possibilities ...

Welcome to the Bizarro Mirror World Fun House, Folks. The only way to cope with learning what is really going on is to try to cling to irrational hopes in some series of political miracles, because there are no other realistic things to possibly believe in ... Not only is the economy not recovering, but there are no reasonable ways to believe that it could ever "recover" within the current social pyramid shape it is in now.

Tue, 12/10/2013 - 03:15 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Not bad, Rad.

Tue, 12/10/2013 - 03:35 | Link to Comment Quantum Darwinism
Quantum Darwinism's picture



I'm in to join a violent revolt/armed revolution/'rebel' milita anytime. 

Tue, 12/10/2013 - 05:27 | Link to Comment smacker
smacker's picture

A good starting point for change is to recognise that when uprisings and revolutions occur, they invariably replace one set of criminal despots with another. Claims of supporting freedom and liberty are hollow. It isn't long before the new despots impose a similar model of criminality onto society and in the case of Russia, China, Cuba and many others, it was at least as bad as the previous one.

This is because those who lead revolutions have no real desire to improve the lives of their fellow countrymen whatever lies they tell. They simply want to replace the old regime with one that they want: one that places them on top pulling all the levers of power and stealing all the money.

Egypt is one example of this in action where Morsi turned out to be as bad as Mubarek which required a 2nd revolution to get him out.

IMO, the only way to ensure that revolutionary leaders have the right aims in mind is only to support those who are full square behind introducing a strong Constitution and a fully independent process for supervising it. Obviously, said Constitution would require small government and many other limitations of power over the executive. Any violation would be a serious crime on a par with treason and punished accordingly.


Tue, 12/10/2013 - 20:53 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Yeah, smacker, unfortunately history tends to demonstrate that you are right. There is nothing seriously wrong with what most of the constitutions of most of the countries in the world say on paper. However, in reality the same dynamics seem to always play through, with a tiny minority dominating the vast majority. There seems to be a pattern where that tiny minority becomes so completely crazy and corrupt that they are finally overthrown, mostly due their own self-destructive madness, BUT, then they tend to get replaced by some new ruling classes, which end up not being much better. The basic problem is that the overwhelming vast majority of the people merely appear to be along for the ride. Therefore, the political struggles tend to be between different minorities, with one minority being the dominant minority for a while, except their excessive success at taking advantage of their power tends to result in them finally getting mad enough to be displaced by some other emerging dominant minority.

Overall, the constant appears to be that most people have been conditioned too successfully, for too long, over the course of many generations, to be brainwashed to believe in bullshit, so that the next group of professional liars and immaculate hypocrites pops up to trick them, after the previous groups have lost their political capital, by having used it up, in ways which rubbed enough people's faces in the facts that there were being lied to.

The standard political puppets represented by political parties have been the usual alternating teams there. However, they have now become so obviously BOTH discredited that the replacement of one political party by its opposition no longer is enough. Therefore, something more fundamental is wrong, and much more wrong, and therefore, will eventually cause changes outside of the established systems of those political parties, and maybe outside of the institutions that gave them power.

In my view, the basic problem is that the schools and mass media were too successful in brainwashing too many people to believe in the biggest bullies' bullshit social stories, so that the next group of bullshitting bullies are able to slide in to take control, after the old group of bullshitting bullies use up their advantages within their systems, by lying too much, in ways that become too obvious to too many people.

There is a profoundly paradoxical problem with respect to have a revolution could become perpetual. That appears, in principle, to never work. Rather, after the chaos caused by one group getting to corrupt undermines itself, and therefore, collapses, some new group of ruling classes are able to emerge that end up being very similar: "Meet the new boss, same as the old boss." The vast majority of people appear to get fooled, and then fooled again.

I wish that I could think of anything practical to prevent that, but I can not. Instead, I feel we are on a downward spiral, where people regress under stress, and perhaps we end up with dictators that are worse than the previous dictators. I see things as being a perpetual struggle of dynamic equilibria of different systems of organized lies, operating organized robberies, in which there are NO "good guys" and never could be. THAT is what the vast majority of people would have to appreciate, in order to not have been fooled, and then fooled again. You know, the need for "eternal vigilance" and all those kinds of insights ...

Unfortunately, my main conclusion is that we are on a downward spiral, where the crazy corruption eventually caused its own collapse in to chaos ... BUT, then things do not get better, because that chaos tends to enable a new ruling class, of professional liars and immaculate hypocrites, to emerge. I like to daydream that a kind of transnational scientific community could emerge as a new ruling class, which would provide genuinely better education for the masses of people, about the real nature of government itself, so that enough people would become sort of immunized against falling for lies again, like the last time, and the time before that. However, that is probably a vain hope.

It is TOO PARADOXICAL to expect governments to promote education systems that tell the people about more truth regarding government itself. Ideally, there should be a kind of arms race between the different systems of lies, backed by violence, which balanced out better. However, instead there always appears to be swings from too much "success" of one dominate system of lies, whose excessive success drives its own mad destruction, only to be replaces by a new system of lies, which repeats that pattern.

It is hard to imagine how the paradoxical problems of providing public education that effectively warned everyone against believing in the biggest bullies' bullshit could be possible, in order to prevent the next crop of biggest bullies taking over from the previous group. Certainly, in the USA, the trillion dollar mass media industry is nothing but professional liars and immaculate hypocrites, and the school systems are mostly just more of the same. Therefore, the established systems of deceits and frauds are rolling onwards, towards their own mad self-destruction, towards their failure from too much "success" at controlling civilization with huge lies. However, within that context is is hard to imagine how the majority of people could ever learn enough to respond any better to those perpetual political problems, rather than continued to be tricked and fooled, again and again ...

That is why I say we should go through profound paradigm shifts in politics, so that governments are not so easily able to get away with turning out to be the biggest gang of organized criminals, controlled by the best organized gang criminals. I do not believe that will ever be able to be basically changed. However, in theory, if enough people knew that, then it could be better balanced. However, as long as most people continue to think using false fundamental dichotomies, and therefore, think that there is any group of "good guys" then those necessarily false "good guys" will again be able to trick and fool enough of the people enough of the time, to drive the same old patterns of crazy runaway corruptions, over and over ...

Ideally, we should have a more scientific education, within a more scientific society, which had a realistic attitude towards the nature of government itself. However, that contradicts the basic design of the social pyramid systems being dominated by ruling classes who specialize in being dishonest, and backing that up with violence, within which systems most people adapt by believing in the bullshit that they are brainwashed to believe. A more scientific society, providing more real education to the majority of people, so that there could be more real democracy, instead of fake education, enabling fake democracy, appears to be practically impossible, given the established social pyramid systems which already exist, which are based on the vast majority of people receiving a fake education, which enables them to be so easily fooled, again and again ...

Tue, 12/10/2013 - 10:50 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

It was before 2007, that was not a functioning year, either.  Way before.

Tue, 12/10/2013 - 20:12 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Yeah, RaceToTheBottom, I merely meant that 2007 was the last year that most people could still pretend that things were O.K. ... Of course, there was no real beginning to the ways that things have developed. However, before the financial crises of 2008, many people could still think that there was nothing profoundly wrong, while now, more and more people are being forced to notice that something has gone seriously wrong, and to think about that.

Tue, 12/10/2013 - 01:41 | Link to Comment Notarocketscientist
Notarocketscientist's picture

I vote that it's getting better - because in spite of my reading that article very thoroughly I still believe what Steve Liesman says - and I still am a firm believer in Krugnism ---  things are definitely getting better every single day :)

Tue, 12/10/2013 - 02:44 | Link to Comment q99x2
q99x2's picture

The more often globalists and Washington D.C. politicians, main stream media and the like repeat shit the more everyone here knows they are lying. We don't even have TVs anymore. Those M'Fers are enemies of the world. They should commit suicide and jump out of windows like they did last centruy.

Tue, 12/10/2013 - 04:45 | Link to Comment lakecity55
lakecity55's picture

You only need 1 reason to know it is a lie: Backdoor Barry said there was a "recovery."

Tue, 12/10/2013 - 04:54 | Link to Comment 22winmag
22winmag's picture

To hell with wage slavery... aka work.


Back to agarian living or hunter-gatherer life!

Tue, 12/10/2013 - 05:39 | Link to Comment rationaldemocracy
rationaldemocracy's picture

Why don't you simply sign up for benefits like the rest of us freedom fighters? We are working hard to crash the system and yet so many people on here would rather we all work for peanuts well this college educated girl is NEVER gonna work for peanuts


Tue, 12/10/2013 - 06:03 | Link to Comment Q-Q-Q
Q-Q-Q's picture

Perception is everything until reality suddenly takes over. I would love to be part of the happy clappy recovery believers and have even duck taped myself to a chair in front of CNBC for hours............but unfortunately I remain 'off message'. I need to remove the part of my brain that thinks so I can be enlightened.


MONTREAL -- Revenu-Quebec is seeking prison sentences and fines totalling $750 million for Kitco Metals Inc. founder Bart Kitner and directors with several other gold trading firms following one of the biggest tax fraud investigations in provincial history.

Quebec's revenue department on Monday said it filed a total of 1,920 charges against Kitco and 11 other companies as well as their directors and an accountant implicated in an alleged fraud scheme linked to gold processing. Some 120 charges were filed against Kitco and another 120 against Mr. Kitner involving total fines of $454.6 million.


Whatever happened to the bullion banks Chemical Ali - Jon Nadler?

Tue, 12/10/2013 - 06:06 | Link to Comment hugovanderbubble
hugovanderbubble's picture

+1 Great Article

Tue, 12/10/2013 - 06:50 | Link to Comment falak pema
falak pema's picture

To come back to more prosaic subjects : 

One thing that fascinates non Americans is the current gridlock in US Congress. It is the visible dysfunctionment of Red and Blue Camps who are now ideologically aligned in irreconcilable positions on Tax Reform and Entitlement programs.

This current gridlock cannot last. From past memory the last time the US changed its fiscal rules bigtime was in the 1986 Fiscal Reforms of Ronald Reagan which had BIPARTISAN support through Democrat Congress leader Tip O'Neil.

That reform went through and was largely accepted as a step in the right direction.

It would be nice to hear ZH provide some insight into WHY that same bipartisan approach in not possible today...

This is an issue that could destroy the political fabric of US politics and make all future reforms in any financial RESET very difficult.

What is tragic in this context is that the US has no "third way" political solution worth talking about; neither Ron PAul nor Liz Warren as leaders of its two contrarian aisles have popular support. 

Tue, 12/10/2013 - 07:35 | Link to Comment nmewn
nmewn's picture

Sometimes gridlock is not a bad thing falak, considering ObamaCare was the last major thing to emerge from Vichy DC. All it did was grossly raise everyones health insurance deductibles & premiums and strip people of choice in some statist/top-down-knows-best-centralized gambit.

Watching & laughing at the Rube Goldberg-like qualities of them fucking around with a simple website is only a taste of what is really in store for people when they start encountering signs on their doctors door in a few short months.

But take heart my friend, even now Ryan & Murray (from the two different teams) are conspiring to roll back a simple one percent cut in spending called sequestration.

Now there is some bipartisanship ;-)

Tue, 12/10/2013 - 07:56 | Link to Comment negative rates
negative rates's picture

They  passed those 86 reforms and put um in their back pocket and told everyone not to worry. But that was after they laughed off the star wars defence system, which is now in full effect  so the crony 86 reforms will not pass muster because the consequences of them still have yet to be paid for, and are in fact, the cause of todays problems, suffice to say you/we, but not I,  are completely fucked in every way shape and form.  

Tue, 12/10/2013 - 10:14 | Link to Comment FredFlintstone
FredFlintstone's picture

I think we have arrogance on the part of many elected officials. Some think they have a mandate so they take the stance of "my way or the highway." I also have the nagging feeling that the government has dirt on people who might oppose the "agenda" whether they be in the media or elected officials. 

Tue, 12/10/2013 - 07:26 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Guys just accept it, the economy is better, printing money out of thin air works, look at all the wealth we created in the past 5 years.

We added zillions to GDP, all our cities are rich, none of them are going broke..........detroit is ROARING, chrome bumpers and v8's abound.

The pharmacuticle industry, Insurance Industry, Banking Industry is BOOMING, we are all "healthy" Thanks to drugs, Americans have never been healthier we almost have diabetes wiped out, and Obesity? since the health administration raised the minimum weight to qualify as obese to 300lb Obesity rates are at a record low!

Look at the tech industry, the tech stocks have never been higher!

Look at the bond market, bonds are selling like hot-cakes because everyone is soo optomistic about the future that they just want to lend governments corporations and municipalities money, even if its a net negative interest rate.

Look at the housing market, inventory has never been lower, banks hoarding 40 million empty houses is not only keeping home prices high, its actually making them go up, and the lack of inventory due to hoarding is actually encouraging more housing starts!!!! its a great idea to build millions of new empty homes when banks are hoarding a record amount of empty homes! and just think about it! when it crashes you will be able to buy one of the banks McMansions for pennies on the dollar maybe even 1980's prices!


Yup, the economy is looking great, you pessimists are really stupid.


You know what, we are soo rich, we can even afford to go help France fight a gorrilla war in Africa! we are going to spend BILLIONS if NOT TRILLIONS BOMBINB EEEER "DEVELOPING" Africa with the help of Drone technology, I wouldn't be surprised if the african economy DOUBLES thanks to drones dropping "care packages" and "boosting" the African continents economy!

And what about Japan and China???? can't wait till that war starts!!!! it will BOOM OUR ECONOMY as we have to sell tires and trucks to Japan !!! not to mention all the Iodine and Radiation cleaning equipment we will probably sell to Japan after Fukushima finally completely Melts Down!!!!


And what about the fishing industry??? the radiation leaking from Fukushima is saving production time and cost, as now when the fishermen fish in the pacific the fish are already PRE-COOKED!!! From Ship to Store Shelves and frozen foods isle in HOURS INSTEAD OF WEEKS, pre-cooked fukushuma shrimp Are aWESOME!!!! and HALF PRICE!!!!

O O O and don't forget about the student loans and car loans, sheesh I mean the economy is SOOOO GOOOD we can afford to send TWO GENERATIONS to college WITH DEBT!!!! and BUY THEM A CAR TO DRIVE TO SCHOOL to BOOT!!!! 




Just in-case an Obama Supporter is reading /sarcasm activated and on bahalf of the next generation

Tue, 12/10/2013 - 07:59 | Link to Comment enloe creek
enloe creek's picture

nothing much is new there are gigantic defaults being denied by printing
the wealth is a mirage. So when the desperate powers add more and more spinning plates in the air eventually one will fall. then what? freeze up of the milenium probably. A super depression to wipe away the excesses of the last 43 yrs since the gold standard was abandoned
the true currency will be rocketing in value compared to most everything
those not holding absolute basic commodities will probably starve as the system completly collapses
I think most cities will make a new definition of hell

Tue, 12/10/2013 - 08:17 | Link to Comment northerngirl
northerngirl's picture

and ignorance is bliss...

Tue, 12/10/2013 - 09:29 | Link to Comment esum
esum's picture

dont worry.... the obamacare TAX REDISTRIBUTION SCHEME will make the economy boom...... nancy pelosi and harry reid said so....  

Tue, 12/10/2013 - 09:45 | Link to Comment The Reich
The Reich's picture

Redundant reasons are redundantly redundant.

Tue, 12/10/2013 - 10:56 | Link to Comment gloogle
gloogle's picture

Ladies and Gentelemen, all is well.


Stay calm and keep taking it in the ass!



Jugears McFuckstick and His Merrie Band of SCOAMFsters

Tue, 12/10/2013 - 10:55 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

A point needs repeating:

There is nothing innately special about bankstering that requires there to be NO BUSINESS CYCLE.  They should live the fruits of their labors.  They should not have been saved.  Everything flows from that act.

A huge majority has been left behind to save a few.  If bankstering went to the shits like the rest of us, they would have recovered when the rest does. 


Tue, 12/10/2013 - 20:41 | Link to Comment MagicMoney
MagicMoney's picture

Ha, as I been saying all along. What recovery? Employment so far in a meaingful trend is not returning. Sure we have higher asset prices, but where is the cap ex, where are the serious productive jobs? Where is the consumer spending in this "consumer economy"? I could see it from the outset, what recovery?

Tue, 12/10/2013 - 23:00 | Link to Comment dizzyfingers
dizzyfingers's picture

"If bankstering went to the shits like the rest of us, they would have recovered when the rest does. "

Make it happen. Stop doing whatever helps them survive.

Thu, 12/12/2013 - 15:00 | Link to Comment AKL
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