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An "Angry" Bart Chilton Shares His Parting Lesson From 30 Years In Washington

Tyler Durden's picture





 

While one may criticize now-ex CFTC commissioner Bart Chilton for years and years of sound and fury signifying nothing, countless promises of regulatory enforcement (all of which fell short of the target) and finally putting an end to precious metals manipulation only for the world to discover that while every other asset class is manipulated (involving such individuals as JPM's chief currency dealer), gold and silver are exempt, one must admit the former regulator does have a way wtih words (and of course haircuts). Sure enough, Chilton's most memorable parting gift will not be something he did, but rather what he said.

William Cohan memorializes his parting message: "As we long suspected, Wall Street continues to use every trick in its playbook to do whatever it can to eviscerate numerous post-financial-crisis rules. The arsenal includes high-powered lobbyists who outnumber lawmakers 10-to-1; $1,000-an-hour letter-writing lawyers who gain strength from negotiating over arcana; and the occasional hoodwinking of a president whose knowledge of the ways of finance are close to nil."

Chilton's take home message: “The lesson for me is: The financial sector is so powerful that they will roll things back over time,” Chilton says. “The Wall Street firms have tremendous influence, and they can impact policy to a greater degree than any one regulator or a small group of regulators can.

Well, one sure can't say that those 30 years he spent in Washington of which nearly 7 years at the CFTC were lost on the Alexander Godunov lookalike: at least he figured out who runs the show. Of course, finding a way how to prevent the financial sector from being in charge, i.e., doing his job, would have been preferable, but close enough for government work.

What are Chilton's other laments? Why being underfunded of course. Because if the CFTC only had more money, all would have been fixed.

In fiscal 2013, for example, the CFTC requested funding of $308 million and got only $195 million ($10 million less than the previous year) despite many new responsibilities. “There are crooks who are getting away with crimes because we don’t have the resources to go after them,” Chilton says. The SEC has a similar discrepancy between its appropriation and what it needs to fulfill legal mandates.

 

With its regulators overwhelmed and underfunded, Wall Street firms then move to the relentless negotiation stage. “As you try to deal with the regulatory agency,” he says of Wall Street, “the first thing you do is you say, ‘Well, would you exempt us?’ And when that doesn’t work, you try to ameliorate your regulation.” If that strategy fails, the industry defaults to litigation.

Sounds like the generic justification anyone would make for failing at their job. But it could be just us.

Some more deep thoughts from Bart Chilton:

Chilton said he has noticed one additional tactic that Wall Street has been employing lately: stalling or thwarting nominees to regulatory agencies. The nomination of Timothy Massad, the U.S. Treasury Department official who managed the Troubled Asset Relief Program, to replace Gary Gensler as CFTC chairman came late in the year and a confirmation vote has now been delayed, probably to February 2014. That means further Dodd-Frank rule-writing and enforcement could be delayed, too, because only two of five commissioners will be seated and they would both have to agree to get anything done. “It’s a gift to Wall Street,” he said. “This is what they’ve been trying to do. They’ve been trying to stop Dodd-Frank.”

 

Chilton knows why Wall Street always seems to win. Financial-industry executives contribute more money “in every election, than any other sector, and they have made more profits in every single quarter since the fall of 2008 when many of them helped crash the economy,” he explains. “So while the rest of the nation is suffering still, and trying to get a leg up to get out of the ditch, the financial sector didn’t miss a beat.”

 

In case you didn’t catch Chilton’s meaning, here is the shorter version: Unless and until Wall Street’s disproportionate ability to bully Washington is curtailed, the rest of us will be held hostage to its agenda. For those interested in the fuller version, Chilton has been writing a book. Its working title: “Theft.”

Oh, we caught Chilton's meaning all right. What we are more interested in is how long after Theft is a monetary failure will the silver-haired regulator apply for a job at Goldman, JPMorgan or Citi. Because one thing we have learned observing Washington apparatchiks, is that in addition to sharing deep thoughts on occasions (if unmatched by actions), hypocrisy also happens to be a recurring theme.

For those who yearn for one last dose of Chilton's deep thoughts, here is his most recent speech, "The Boss", appropriately enough before the Society of American Business Editors and Writers, New York City. After all, the man has to get in with the publishing lobby next.

 


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Wed, 12/25/2013 - 13:16 | Link to Comment resurger
resurger's picture

Captain Bart! We meet once again.

Wed, 12/25/2013 - 13:21 | Link to Comment BaBaBouy
BaBaBouy's picture

The BASIC TRANSLATION IS...

Sorry Guys, I Couldn't Do FuckShit Against These Power Entities.
I Had To Choose LIFE, Over A FAT Dose Of Polonium 210...

Wed, 12/25/2013 - 13:20 | Link to Comment jaap
jaap's picture

So bart, you couldn't resist their pressure in the silver manipulation case?

Wed, 12/25/2013 - 13:37 | Link to Comment SafelyGraze
SafelyGraze's picture

merry optical-backstop shizzlemas everyone!

bart shilltinz and the controlled opposition gatekeepers

Wed, 12/25/2013 - 13:41 | Link to Comment knukles
knukles's picture

We needed Bart to tell us this?
Next a book on how he single and evenhandedly crusaded (no pun intended on Christmas) to reign in the banks and restore balance to the financial/political complex.

St. Bart

May God bring you a wet burlap sack of piccalilli for Christmas, asshole

Wed, 12/25/2013 - 14:00 | Link to Comment kliguy38
kliguy38's picture

yup.....just another slimeball chickenshit phony lying Piece of dog chit chosen because of his "malleable" ethics

Wed, 12/25/2013 - 14:36 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"...here is his most recent speech, 'The Boss'"....

For those without time to read it, here's a preview:

Chapter I.  Like a Boss.

"Sucking banker cock.  Like a Boss!

Fill my mouth up.  Like a Boss!

Spit it on my desk.   Like a Boss!

Say it's not my fault.  Like a Boss!

Blame the lobbyists.  Like a Boss!"

 

 

 

Wed, 12/25/2013 - 16:58 | Link to Comment strannick
strannick's picture

Bart Shill-ton;

A do-nothing then, nobody listening now

Wed, 12/25/2013 - 17:00 | Link to Comment macholatte
macholatte's picture

 

video

Bart Chilton: Volcker Rule is designed to avoid another economic collapse

http://video.foxbusiness.com/v/2920285197001/bart-chilton-volcker-rule-i...

Thu, 12/26/2013 - 02:05 | Link to Comment chokeNpuke
chokeNpuke's picture

Bart was paid to look the other way, I did NOT hear Bart cry about the pay he was getting to keep him happy.

Wed, 12/25/2013 - 18:42 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

heavy metal dick chilton was only ever a pretty face quoting rock and roll scripture offering false hope to the naive while choosing to cash checks rather than commit suicide by beating himself to death.

regards,

B

 

lol

Wed, 12/25/2013 - 13:20 | Link to Comment J S Bach
J S Bach's picture

When the time comes for the gallows, this guy should be first in line.  Cowardly, traitorous bastard.

His agency is a joke and in bed with the criminals.

Wed, 12/25/2013 - 13:41 | Link to Comment ZH Snob
ZH Snob's picture

you really have to pity the guy.  the reason for the CFTC impotency is that they would have to go after the US government.  obviously, these manipulations are sourced in American policy, and they are slightly more powerful than the CFTC I would think. 

Wed, 12/25/2013 - 18:42 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

yep, with metals the fed tells the government how it has to be and anyone who balks gets a 1 way trip to the happy hunting grounds.

Wed, 12/25/2013 - 19:22 | Link to Comment kliguy38
kliguy38's picture

Bullshit!.......he could have called bullshit and resigned publicly.......of course he couldn't change it from within......but you don't pay lip service to the sheep and then politely retire to take his private payoff....

Wed, 12/25/2013 - 19:38 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

You could have responded more charitably to me given the season. After all I'm not his hype man. Lol.

 

I jest. Either way, telling the truth in his situation is fatal.

Wed, 12/25/2013 - 17:15 | Link to Comment Seer
Seer's picture

Under Bush many regulatory agencies got the hatchet.

I won't go into whether this is good or bad, though I'l point out an apparent bit of cognative dissonance going on here.

If you have a "smaller govt" then that means less regulators.

If you want better regulation then that means more regulators.

Folks will tend to point out the argument is over the regulators doing their job in the first place.  No doubt that there's an element here to consider.  I don't, however, believe that it's as simple as that.  I believe that the shit that's going on is so far complicated/complex and strung out around the globe that there's likely little hope for there to be any way to keep on top of it all.  And despite the claims of all the fat govt workers, they are nowhere near as "fat" as those whom they would be expected to chase.

So, "in bed" or just "overwhelmed," the results are the same... (and the two-party "solution" only has us bouncing between these two positions)

And there's no way the System is going to change because that's where POWER is concentrated.  Only way to be rid of it is to distance from it...

Wed, 12/25/2013 - 18:59 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

You can have for example glass-steagall in place, or not have the commodity futures modernization act in place without an army of clipboard toting mongoloids on the payroll.

Your point stands though.

If the former was reinstated, the latter repealed, a micro tax implemented on all hft bids, and metals made a tier one asset then you could move mountains without spending a dime.

Wed, 12/25/2013 - 19:37 | Link to Comment Papasmurf
Papasmurf's picture

 

If you have a "smaller govt" then that means less regulators.

If you want better regulation then that means more regulators.

You need enforcement, to regulate by example.  More regulations don't make that happen, nor does more regulators.

Wed, 12/25/2013 - 20:38 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

regulation now is lawlessly, selectively enforced now across the board and serves to choke out smaller, or non insider institutions.

 

structural reform would solve alot of these problems without needing regulation.

Thu, 12/26/2013 - 14:02 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Regulation seems always to come from the criminals, so no, I don't recommend more of that.

Wed, 12/25/2013 - 13:15 | Link to Comment FieldingMellish
FieldingMellish's picture

Exploding with frustration.

Wed, 12/25/2013 - 18:59 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

Your beard turned red as a result. 

Wed, 12/25/2013 - 13:21 | Link to Comment sampo
sampo's picture

Yeah, fuckhead, you had the chance to do something about it! You missed your chance!

Fuck you, Bart! Shame on you!

Wed, 12/25/2013 - 13:21 | Link to Comment resurger
resurger's picture

he was paid not to do anything about it, if he was doing his job sampo, he wouldnt be in the CFTC, he would be six feet deep.

Wed, 12/25/2013 - 20:50 | Link to Comment Imminent Crucible
Imminent Crucible's picture

I think Chilton said all he dared to say.  It was a failure of courage as much as principle.  He stated repeatedly that there was ample grounds to believe the silver markets were manipulated by the Usual Suspects.  He even said he was convinced that it was ongoing.

When he finally said, "I can't really find the smoking gun, sorry" what I think he meant was "I don't have enough bodyguards to state the case bluntly. The rot goes to the very top of the power structure.  I'm not willing to get framed with a 19 year old hooker, or get charged with child porn on my computer, or just end up like Ron Brown over this."

And truthfully, I'd be afraid myself.  Full disclosure on the metals manipulations game would threaten some of the most powerful and most corrupt people in the world.

And then there's this:  Should we more angry with Chilton, or with a population that doesn't care how crooked everything is as long as they get their Free Stuff?

Thu, 12/26/2013 - 13:12 | Link to Comment 11b40
11b40's picture

Not disagreeing at all. It's just too bad he didn't pull a 'Snowden'.

Thu, 12/26/2013 - 13:58 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

to expose them from the inside will take an inside man who builds a false life just to enter, blows the whistle, then disappears.

Or, the rest of us to blow the whistle every day on their crimes and retract from the system, showing others the crimes and how to disconnect from it, until it is impotent from having no one but the free shit army to turn to. They are a problem but they don't have anything to be fleeced so that becomes their problem, vampire squid tentacles & FSA alike.

Wed, 12/25/2013 - 17:17 | Link to Comment Seer
Seer's picture

One often discovers that things aren't as simple as they appear.

If you start from the "outside" you generally aren't aware of how things are really working on the "inside."  Open the door and find that it's a snakepit and the only way to survive is to commit suicide... (you're WAY understaffed and WAY out-gunned; and this is shored up via the  "smaller govt" mantra [sorry folks, either accept being pregnant or not- you cannot be just a little pregnant!]

Wed, 12/25/2013 - 13:24 | Link to Comment NoDebt
NoDebt's picture

He should have coffee with Eric Holder.  I bet they could be best friends.

Wed, 12/25/2013 - 13:35 | Link to Comment Colonel Klink
Colonel Klink's picture

Won't happen, he's not black.

Wed, 12/25/2013 - 14:12 | Link to Comment NoDebt
NoDebt's picture

Yeah, but look how much they have in common.  One won't, the other cant.  Same end result.

Wed, 12/25/2013 - 17:17 | Link to Comment quasimodo
quasimodo's picture

Bingo! He is not black, but at the rate he tans he will be there soon enough. All he needs is some Soul Glo hair gel and a fro.

Wed, 12/25/2013 - 13:24 | Link to Comment Elliptico
Elliptico's picture

Kill the bankers!

Wed, 12/25/2013 - 13:26 | Link to Comment cpnscarlet
cpnscarlet's picture

Had the luck to talk to Bart on the phone a year or so back. Once thought he was on our side, then wondered which side. Now I think he was just playing good cop all along.

If nothing else, one word is approriate for his tombstone no metter what the truth is - "impotent".

Wed, 12/25/2013 - 17:24 | Link to Comment Seer
Seer's picture

Not in his defense, but what exactly could he have said?  No one wants to come out and say that something is not possible lest that completely remove any means left that "might" be buildable from; not to mention that it kind of kills one's revenue stream.

Perhaps they're all impotant.  Perhaps it's that Wall Street and the banksers are WAY more POTENT.

If you take out the banks then it's certain meltdown, the entire System croaks (it's how Wall Street operates, and Wall Street controls all the capital).  "Satan" seems to be eternal, I'm thinking that the banksters ARE satan.  Damned if we do, damned if we don't... (I only know that the way out is to never allow any sort of central power to exist, and this means govts, and with them there goes any nice laws that we might think are beneficial.)

Wed, 12/25/2013 - 13:27 | Link to Comment Colonel Klink
Colonel Klink's picture

Fuck off Bart.  Only way you can redeem yourself is to become the "Edward Snowden" of the silver manipulation scheme and blow the whistle instead of the bankers.

Wed, 12/25/2013 - 14:10 | Link to Comment NoDebt
NoDebt's picture

I had to chuckle at the thought of Bart blowing his "rape whistle."

Wed, 12/25/2013 - 14:46 | Link to Comment Colonel Klink
Colonel Klink's picture

Kinda funny but I have news.  It wasn't rape, and that's not a whistle he was blowing.

Wed, 12/25/2013 - 13:25 | Link to Comment fockewulf190
fockewulf190's picture

Not one word about his ex-boss being a former Golden Sack acolyte?  No, of course not.  That would imply that the banksters might have had an inside man to gum up the works. 

Wed, 12/25/2013 - 13:30 | Link to Comment IndyPat
IndyPat's picture

It wasn't more funding that hamstrung you...it was too much bandwidth for midget...errrr...'little people' transsexual porn.
If you are leaving...and giving your confessional...do the thing right for shitsake.

Wed, 12/25/2013 - 13:39 | Link to Comment Judge Crater
Judge Crater's picture

Captain Obvious, please just leave.  Don't slam the door on your way out.

Wed, 12/25/2013 - 13:40 | Link to Comment earleflorida
earleflorida's picture

Fuck Chilton... they always deny their nefarious shadows' legnth, when one such as he departs out of the limelight,... burning alive his memorized ashe, now raining down upon his successor... as in a past-tense replicator incarnation!  

Wed, 12/25/2013 - 13:41 | Link to Comment reader2010
reader2010's picture

"The more powerful the class, the more it claims not to exist."

-Guy Debord, The Society of the Spectacle, 1967

Wed, 12/25/2013 - 14:31 | Link to Comment W74
W74's picture

Oi Vey.  I deny your assertion.  Nothing of the sort exists.

Thu, 12/26/2013 - 13:57 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture
Bubkis - without a doubt. See the wringing of the hands? That's the bubkis detector. Umm hmmm.
Wed, 12/25/2013 - 13:46 | Link to Comment Blame Crash
Blame Crash's picture

And you genius's could do better?

Wed, 12/25/2013 - 14:04 | Link to Comment nope-1004
nope-1004's picture

Anyone with a backbone would do better.  Aptitude is not a requisite for integrity.  He said one thing and did another.  If he wants redemption, he needs to come out and disclose how he was hushed and all he knows.

Do it blame.

 

Wed, 12/25/2013 - 14:46 | Link to Comment Blame Crash
Blame Crash's picture

He is not even an iota of a pip squeak compared to the Political & Wall Street power structure. Grossly over estimating his offices power compared to these crooks is delusional.

Go back and read what he wrote and tell me whose side he's on.

Wed, 12/25/2013 - 16:46 | Link to Comment starfcker
starfcker's picture

A pipsqueak named snowden did better. and he wasn't the chairman of anything.

Wed, 12/25/2013 - 15:55 | Link to Comment Michigander
Michigander's picture

Absolutely I could do better. If you cant fight all the battles, then you pick the one that provides the greatest good and you fight the good fight. Imprison just one of the mother fuckers. Just one. Just once! You wouldnt have to worry about funding. You'd get fucking donations!

Wed, 12/25/2013 - 13:49 | Link to Comment Yen Cross
Yen Cross's picture

   Chilton has that stupid mullet looking haircut for a reason. It hides his real face, which is a giant flagellating pussy!

Wed, 12/25/2013 - 14:46 | Link to Comment adeptish
adeptish's picture

You are only wrong about the salad...

Wed, 12/25/2013 - 13:51 | Link to Comment put_peter
put_peter's picture

Time to somebody show a very worried and serious face in TV... problem solved.

Wed, 12/25/2013 - 13:52 | Link to Comment jonjon831983
jonjon831983's picture

Maybe he's angry because they didn't let him into the promised land?  That sucks, but time will tell if GS, JPM, et al will scoop pick him up.

Wed, 12/25/2013 - 13:53 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Does he still get royalties from "Die Hard"?

 

What a worthless POS like Gensler.

Wed, 12/25/2013 - 14:01 | Link to Comment Spastica Rex
Spastica Rex's picture

Lawyers + bankers + gov bureaucrats make an awesome football team, or Volotron-like robot, if your prefer. They out-competed the rest of us. So why are we bitching - because we lost?  Shouldn't we be blaming ourselves? Shouldn't we be heaping adulation on the mega-alpha-winners who competed so well they won everything? If not, may be we should be out burning shit down. Fat chance.

WHINING!

Wed, 12/25/2013 - 14:04 | Link to Comment put_peter
put_peter's picture

I think the problem here is that we as a society have rules to follow and some people are not with us with this. Obeying commonly accepted rules might lead just head chopping at the extreme. I'm glad that isnt happening though.

Wed, 12/25/2013 - 14:05 | Link to Comment moneybots
moneybots's picture

So while the rest of the nation is suffering still, and trying to get a leg up to get out of the ditch, the financial sector didn’t miss a beat.”

 

The other night, a father was stabbed to death on his way to the convenience store.  A 37 year old convenience store clerk was shot and killed during a robbery.  He had just saved up enough money to take his daughter to Disneyland. A woman was followed home from a gas station and stabbed in her home.  The man took a lap top computer.

 

Bernanke smiles.

Wed, 12/25/2013 - 19:12 | Link to Comment RafterManFMJ
RafterManFMJ's picture

I'm just going to assume the attackers were Amish Eskimos - and I, for one, are bone weary of their savage depredations.

Wed, 12/25/2013 - 14:33 | Link to Comment besnook
besnook's picture

bankers need mob justice to force them to stop stealing.

Wed, 12/25/2013 - 14:39 | Link to Comment Notarocketscientist
Notarocketscientist's picture

He ain't no Edward Snowden - thats's for sure

Wed, 12/25/2013 - 14:53 | Link to Comment withglee
withglee's picture

How much money does it take and how much staff to add a random number of seconds to each order. This eliminates the HFT schemes; it eliminates the advanced notice schemes; it eliminates the favorable positioning schemes. Basically, it eliminates all methods of control and manipulation, and thus makes corruption much more difficult. So simple.

Wed, 12/25/2013 - 15:34 | Link to Comment tony bonn
tony bonn's picture

chilton = flatulence; judge a man by his actions - not his words.

Wed, 12/25/2013 - 15:41 | Link to Comment loveyajimbo
loveyajimbo's picture

This faggoty asshole is as corrupt as the rest of them... he could have worked under the radar with Issa, Gowdy, etc and exposed the whole shitty mess... leading, perhaps, to an Independent Prosecutor... but he just let's out a small fart once in awhile, trying to keep his panties clean... he is a roach.

Wed, 12/25/2013 - 16:18 | Link to Comment Colonel Klink
Colonel Klink's picture

Where's there's one roach....!

Wed, 12/25/2013 - 17:36 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

http://youtu.be/UpHiZAne1aY   Cockroach Regulator;   give me an M    give me an F.... give me a BK. 

Wed, 12/25/2013 - 15:44 | Link to Comment yogibear
yogibear's picture

Bart is just hopped on and rode his way to retirement. He could care less of what's going on.

Another leech in the system.

Bart would have made an idea food stamp, welfare recipient if this gig wasn't around. 

Wed, 12/25/2013 - 16:14 | Link to Comment Radical Marijuana
Radical Marijuana's picture

The extreme degree of success of Wall Street is almost totally due to them, and their European counterparts, being able to corrupt governments, more and more, for Centuries. That IS their business model, since successfully corrupting the government often pays back 1,000 times what it costs to achieve that corruption, while almost nothing else comes remotely close to providing that kind of return on investment.

This article gave a good review of obvious observations about the real political system, whereby the sovereign powers of governments to be able to rob (tax), and to kill to back that robbery up (enforcement), have been effectively PRIVATIZED. Thereby the international banksters actually run the systems of organized robbery and frauds, which work because the government forces everyone else to cooperate with their own enslavement.

It is quite the paradoxical system whereby "We the People" pay for their own enslavement. But nevertheless, there are no practically possible ways to do anything about that, since there IS a double-bind, Catch 22 working, whereby the funding of the political processes feedback to reinforce the spirals of the murder system backing up the money system, while the money system pays for the murder system in return.

Everyone trades time, labour, services or goods for the money that the banksters legally make out of nothing. Nobody else who attempts to participate inside the political processes can make money out of nothing legally, and therefore, nobody else is in the same league as the banksters which have already succeeded in legalizing themselves being able to make the public money supply out of nothing, as debts, while the government forces everyone else to accept those frauds at face value.

For everyone else, including the mercenaries and/or military forces, their money is something they have to earn. However, for the banksters their money is something they get to make out of nothing, to be able to dominate the funding of everything else, especially the funding of the political processes, which then feedback to reinforce that system of runaway triumphant privatized frauds, backed by the force of governments.

After I have worked on that problem for 30 years, and while I continue to work on that problem at the present time:

( http://www.marijuanaparty.ca/ )

I have been more and more driven to the unavoidable conclusions that Chilton's remarks on how the political processes operate are obviously correct ones!

AFTER one understands that the international banksters have ALREADY been able to corrupt governments to enable private banks to make the public money supply out of nothing, as debts, while the governments force all their people to accept that fraud, and adapt to living within that fraud, there are NO practical political ways to fix those runaway social insanities. While this all automatically gets worse, faster, the ONLY thing that one can do is wait and watch that happen.

The situation is now obviously a FAIT ACCOMPLI! There are no solutions until the paradox of final failure from too much success plays through. There is nothing that can be done but to watch and wait as the runaway triumph of corruption drives itself through to become so mad that it destroys itself. There is no possible way to prevent that from happening.

Within the established political systems, there is nobody who can compete with the banksters. The only thing which could bring their system down eventually is their own hubris. Tragically, that will also bring down most other people worse. ... Unless there was some series of political miracles, which, by definition, is extremely improbable ...

Wed, 12/25/2013 - 16:54 | Link to Comment DavidPierre
DavidPierre's picture

 RM:

While watching and waiting, as the runaway triumph of corruption drives itself through to become so mad that it destroys itself, sit back and enjoy the show.

http://weedsmokersguide.com/bc-god-bud/

Wed, 12/25/2013 - 18:05 | Link to Comment Seer
Seer's picture

I don't imbibe, but I appreciate/understand the thought :-)

And, really, how can we say this is much different than others out there that we might chastize as being "sucked into distractions?"  Maybe we're late to the party, maybe we don't yet understand that it's a losing proposition to attempt to stop the steamroller and that life really is something worth experiencing...

Wed, 12/25/2013 - 17:26 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Although I enjoy a funny or witty quip on ZH as much as the next guy, your insightful and perceptive analysis is worthy of MANY more Up arrows than you got (3 plus mine).

It pains me (once again) that the ZH masses respond to Sitcom-like one liners than to well-articulated arguments.

And then we wonder why Feudal Masters still rule over the Serfs: "I have met the Enemy, and he is us."

Wed, 12/25/2013 - 17:58 | Link to Comment Seer
Seer's picture

Glad to see someone else suffering over this :-)

I'd always thought that free-thinking was an easy state to get to, but it's clearly not (and it's a lonely place).

Wed, 12/25/2013 - 20:20 | Link to Comment drdolittle
drdolittle's picture

Yeah I read mainly for the humor but appreciate your post. I think non participation and awaiting the final breakdown are all you can do. That and enjoy your ride while you can. Thanks radical

Thu, 12/26/2013 - 13:49 | Link to Comment MeelionDollerBogus
Wed, 12/25/2013 - 17:28 | Link to Comment Seer
Seer's picture

"Within the established political systems, there is nobody who can compete with the banksters. The only thing which could bring their system down eventually is their own hubris."

Or, if everyone turns their backs and walks away.  It's a rare occurance in human history, but it HAS happened.

Wed, 12/25/2013 - 18:29 | Link to Comment Seer
Seer's picture

Just one quick note/comment...

"for the banksters their money is something they get to make out of nothing"

I've suspected that their "output" is "dreams," they get everyone to buy into the makebelieve.  Reflect on how Madison Ave tends to pitch at us everyhing as though it's a fulfillment of a "dream."  The banksters are orchestrating behind the scenes...

Wed, 12/25/2013 - 16:26 | Link to Comment Fred Hayek
Fred Hayek's picture

Uh, no Bart.
The financial industry does NOT contribute more many to politicians than any other industry. As shown on Zerohedge, the #1 bribing industry, by far is the pharmaceutical and health care industry. And all their bribes, oops, campaign contributions, have bought them a series of anti-comptetive laws that intentionally jack up the cost of health care in this country.

But, really, with the $195 million, Bart and company couldn't have financed ONE meaningful prosecution of a big bank, oh, let's say JP Morgan, for dropping X,000 contracts on the market in one second any of dozens of times?

It's not like Bart and company had to prosecute them every single time. One perp walk of Blythe Masters after which she had to sit in a piss soaked cell shared with Velma the possibly schizophrenic street walker would have been noticed by the whole scummy gang. Be serious about that one prosecution and you wouldn't have to do the 500 others. But Bart wants us to believe it's only a matter of money?

Wed, 12/25/2013 - 17:32 | Link to Comment Seer
Seer's picture

Take down a TBTF bank?

Maybe the reason why financials don't have the top spot in bribes is because they don't need to (they've got enough folks working on the inside)?

No, they're all rats, identifying one rat means that you're then committed to go after ALL of them.  And, as good as a cat may be, too many rats and that cat is going to struggle.

The realization should be that we're asking for the impossible, for our govt to be responsive and for it to be small.  I'm kind of more in line with RM in thinking that it'll just have to come down under it's own weight; and in this case I would HOPE like hell that it would remove power from all these entities (who have squid-tied to govt): eventually that'l be the outcome; only thing left in question is how many deaths come before this time.

The fault is likely that he believes that the System is salvagable.  And I suspect that the banksters just believe enough to keep it going FOR THEM (not ideological, but certainly they've got reason to keep it going).

Thu, 12/26/2013 - 13:46 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Eric Hunsader was HANDING them the evidence, trade by trade, millisecond by millisecond. Kudos to http://www.twitter.com/nanxllc & contributions here on ZH directly.

To make no prosecutions when someone's done your job for you is to be wilfully blind.

Wed, 12/25/2013 - 23:15 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Good to point out that factual correction, Fred Hayek. I noticed it too ... The banksters used to be the biggest, when that counted more as being necessary then to them, way back when, and they stay in the list of top contributors, but, as you mentioned previous Zero Hedge articles pointed out, more recently the "PROFIT FROM DISEASE SYSTEMS" have been dominating the funding of the politicians for several years, which explains the runaway train wreck disaster of Obamacare!

In an overall abstract way, the banksters are the worst, and they have fed every other monster to grow up around them. However, in a more personal way, the PROFIT FROM DISEASE SYSTEMS torture more people to death than any other components of the overall social pyramid systems. Therefore, I believe that relatively more people have woken up to how evil the PROFIT FROM DISEASE SYSTEMS are than have woken up to the more abstract, or impersonal, ways that the banksters operate.

However, there too, the same problems exist, that nobody else within the society can compete with being able to fund the politicians like the most profitable businesses that get a leg up on their competition. The corruption of the medical systems, due to their sources of funding being able to by up control over the medical schools and medical journals, started more than a Century ago. Gradually, more and more laws were piled on to create monopolies, justified with the same kinds of false "rationalism", and fake "science" as are found now in every other area where the positive feedbacks of the funding of politics are delivering benefits to those who then gain more wealth, and therefore, are even more able to fund future political processes.

THE PROFITS FROM FRAUD, REINVESTED IN MORE FRAUDS, are everywhere one looks. In that context, almost all of the regulation agencies of the government have been captured, and used to advance the special interests of dominant minorities, against the interests of the vast majority. However, over and over again, nobody who is not making profits from corrupting the government can effectively compete with those who are successfully becoming more wealthy from getting away with corrupting the government.

Those who oppose the PROFIT FROM DISEASE SYSTEMS are no more able to compete with paying politicians than those who oppose the banksters. The usual situation is that one one side there are billions, or trillions of dollars, while on the other side there are thousands, or tens of thousands of dollars, and that extreme imbalance is growing bigger all the time ... Without some series of political miracles, whereby enough people stopped being tricked by the best professional liars that money can buy, then those professional liars will continue to be able to fool enough of the American people enough of the time, so that this all gets worse, faster, on its exponentially accelerating path to almost everything becoming INSANE legalized lies, backed by legalized violence

Wed, 12/25/2013 - 16:28 | Link to Comment Motorhead
Motorhead's picture

Fuck that gov't shill ass wipe.

Wed, 12/25/2013 - 16:29 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

Chilton is a coward, pure and simple. He said privately on numerous occasions to a lot of people that he would say something about the massive evidence for silver manipulation if the CFTC failed to highlight the compelling evidence it had gathered. In the end, Chilton said fuck all when the CFTC said nothing. So a two faced coward. Four white feathers are appropriate....

Wed, 12/25/2013 - 16:46 | Link to Comment tradewithdave
tradewithdave's picture

74 articles that cover Chiltonianism.  And he's "angry".... thank goodness for #DuckDynasty or what would there be to replace the Bart content vacuum? 

 

http://tradewithdave.com/?s=%22bart+chilton%22

Wed, 12/25/2013 - 17:54 | Link to Comment RealityCheque
RealityCheque's picture

If it "angered" you that much Bart/Karl Vreski, you should've brought an AK47 to work.

You coulda righted a whole lot of wrongs with that. Fucktard.

Wed, 12/25/2013 - 18:07 | Link to Comment Seer
Seer's picture

What's stopping you?  Fucktard. (sorry, but I detest hypocracy- never ask someone else to do something for which one is unwilling to do)

Thu, 12/26/2013 - 09:03 | Link to Comment RealityCheque
RealityCheque's picture

I dont own a gun, I don't live in the US (at this stage I'm pretty sure the NSA record of my internet browsing habits would make border crossings "interesting" for me!), I don't have straightforward access to the perfect targets that blondie would've had on a routine basis

It's one thing to want to kill those fuckers. It's another to try it with, in my case, absolutely no chance of success. How close do you imagine that an ordinary person could get to these people? Obviously its all a pipe dream, Bart will take the money and run. But that's the point of my original comment. If he meant a single word of what he said he would act on it.

You sound a bit dizzy, maybe the air is a little thin up there on your fucking high horse. Fucktard indeed.

Wed, 12/25/2013 - 18:05 | Link to Comment Peter Pan
Peter Pan's picture

Bart did his job extremely well if you can understand who he really worked for. In the meantime I would not be betting on Bart writing a tell all book but then again wouldn't it be funny if he did a book launch in Russia.

Wed, 12/25/2013 - 18:09 | Link to Comment Seer
Seer's picture

And that book would tell us that things are fucked up? </sarc>

Wed, 12/25/2013 - 19:51 | Link to Comment WTFUD
WTFUD's picture

How refreshing ( Edward Snowden )his alternative speech to realise/confirm that great Americans still exist. For a long time the rest of us were doubting.

Regarding Bart and it is easy to point fingers ; the pressure to look the other way is immense when you're working for the devil.

Wed, 12/25/2013 - 20:56 | Link to Comment Kina
Kina's picture

The financial industry does NOT contribute more many to politicians than any other industry.

 

And that is because they are smarter... all the banksters are sitting in all the powerful government jobs and regulatory bodies. They are the gatekeepers of all the systems...they don't need to bribe anymore.

Wed, 12/25/2013 - 21:00 | Link to Comment Sizzurp
Sizzurp's picture

Now we see why Chilton got the job at the CFTC to begin with.  He is a go along to get along kind of guy.  Not a reformer, not a leader, just a follower. He did what he was told, and now he has a guilty conscience because he lacked the fortitude to stand up and do his job.  Corruption is an insidious process.  If everybody is just a little corrupt they each think it's no big deal, but when it's unversal, it adds up to a huge deal.  The answer: limit size of the federal government to a small percentage of GDP, abolish the income tax in favor of a consumption tax, strict one term limits for politicians, end the fed and re-instate sound money.  This could probably only be accomplished by the states organizing a convention for new constitutional amendments.  Oh, and then you need to find someone truly extraordinary to lead the way.....that's the hard part.

Thu, 12/26/2013 - 02:09 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

a consumption tax will hit the poor right into starvation.

NO need for that.

How about we get rid of all taxes & permit people by choice - never banks - to buy bonds to fund their government in lieu of taxes. All voluntary. So possibly the government gets zero funding but only if that's the economic market-based will of the people.

Wed, 12/25/2013 - 21:03 | Link to Comment JailBanksters
JailBanksters's picture

As CFTC Commissioner there's only one sentance you need to practice over and over.

We fould no evidence of Fraud or Collusion.

 

Thu, 12/26/2013 - 00:34 | Link to Comment vincent
vincent's picture

Dylan Ratigan went out with a bang. What have you heard from him lately?

Ron Paul had momentum, but understood the futility.

Santelli most most likely lacks job security, and is one rant away from a blogspot.

Cenk Ugyur got in a few head shots before they axed him.

Jim Grant rages against the machine on viewerless broadcasts.

Jim Rogers and Rickards keep themselves on TV by not saying anything relevant, new, or controversial.

Bill Moyers got no props for calling a spade a spade.

Feel free to add to the list.

It's not in the best interest of anybody who can influence anything to take a stand.

Enlightened citizens have known for a long while now that they're on their own.

Get busy livin', or get busy slavin'. Nobody is coming to save the day.

Fuck these criminals and their system. Don't be a hypocrite, and remove yourself from the system as much as possible.

There will be a tipping point.......More people are awaking every day.

Best wishes to all on this celebrated (albeit manufactured) day.

 

 

 

 

 

 

 

 

 

Thu, 12/26/2013 - 07:41 | Link to Comment starfcker
starfcker's picture

Pat buchanan, gone. Dr. Laura, gone. glen beck, gone. jimmy the greek, gone. i have various opinions about all of these people, but no question not toeing the line 100% of the time is frowned on.

Thu, 12/26/2013 - 03:47 | Link to Comment e_goldstein
e_goldstein's picture

Congrats on your retirement, Bart. Now, go die in a fire.

Thu, 12/26/2013 - 05:23 | Link to Comment Kina
Kina's picture

You don't get to head up the SEC or CFTC unless you have passed all the required dick sucking programs.

 

Society and economic systems break down or become captured by criminals only when the 'policemen' become corrupted. The corruption of a regulator is worse than any other corruption...they are the gatekeepers of honesty and credibility of the system. When they fail all fail.

Thu, 12/26/2013 - 10:26 | Link to Comment GoldIsMoney
GoldIsMoney's picture

 

 

"Chilton's take home message: “The lesson for me is: The financial sector is so powerful that they will roll things back over time,” Chilton says. “The Wall Street firms have tremendous influence, and they can impact policy to a greater degree "

In the end it's all about getting enouh politcian behind whatever. They have influence because states to rule everything and everyone. And it's of course easier to bribe and steal than to honestly earn money the old fashioned way: Earning it. 

 

The politicians have the advantage of being the makers of laws. And hell they are productive with that. How large is the legaslative stuf now? A few hundred of thousands of pages? Every hour every second of one life- there will be laws. And this laws hardly have anything to do with "right". Right is having the power to supress whomever one likes to suppress and states have won this fight all over this planet. Whereever you go nations, politicians and "leaders" are there, and they let you pay dearly for their "ruling". 

 

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