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The Trends To Watch For In 2014

Tyler Durden's picture


Submitted by Charles Hugh-Smith via Peak Prosperity,

At the beginning of this year (2013), I identified eight key dynamics that will play out over the next two to three years (2013-2015):

Trend #1: Central Planning intervention in stock and bond markets will continue, despite diminishing returns on Central State/Bank intervention


Trend #2:  The omnipotence of the Federal Reserve will suffer a fatal erosion of confidence as recession voids Fed policy and pronouncements of “recovery"


Trend #3: The Mainstream Media (MSM) will continue to lose credibility as it parrots Central Planners’ perception management


Trend #4:  The failure of what is effectively the “State religion,” Keynesianism, will leave policy makers in the Central State and Bank bereft of policy alternatives


Trend #5: Economic Stagnation will fuel the rise of Permanent Adolescence


Trend #6: Income, the foundation of real economic growth and wealth-distribution stability, will continue to stagnate


Trend #7: Small business—the engine of growth—will continue to decline for structural reasons


Trend #8: Territorial disputes will continue to be invoked to distract domestic audiences from domestic instability and inequality

I know it may strike some as “cheating” that my forecast is for these trends to be consequential within a three-year window rather than by a specific date, but note these are trends, not events, and trends tend not to matter until suddenly they do. This is the nature of Pareto Distributions, in which trends are inconsequential until they reach a critical-mass of 4% of the populace, at which point the “vital few” exert outsized influence on 64% of the populace.

Let’s see how the trends developed in 2013:

Trend #1:  Intervention yielded outstanding returns on corporate profits and stocks, but diminishing returns on employment, household incomes for the bottom 80% and growth, all of which are historically subpar.

Trend #2: The Fed’s members are still regarded as heroic demigods who benignly manage the Earth’s economy. When (not if) the stock market rolls over in 2014-15, Fed omnipotence will suffer.

Trend #3: This one is difficult to track but anecdotal evidence (declining circulation of many mainstream print media, declining viewership in some cable news channels, etc.) may reflect rising disenchantment with the media’s coverage of key issues.

Trend #4:  I think it is quite clear that the Fed and its posse of experts have no alternatives to ZIRP (zero interest rate policy) and QE (quantitative easing).

Trend #5:  This one is difficult to monitor. If we use the percentage of young people still living at home and the rise of “selfies” (photos taken of oneself), then perhaps a case can be made that this trend is already visible.

Trend #6:  Median household income has edged up, but I suspect this is the result of higher incomes for the top 10% rather than widely distributed gains. Since the top 10% collect 51% of all income, it stands to reason that increases flowing to the top will boost median income even if the bottom 90% saw declines in income.

Trend #7: The unintended consequences of the Affordable Care Act have yet to fully play out.

Trend #8: China’s recent invocation of a “defense zone” that includes the Senkaku Islands suggests this trend is definitely in play.

I also listed eight outcomes:

Outcome #1:  The counterfeiting of risk-free assets will continue to be a primary policy of the Status Quo


Outcome #2:  Risk will continue to be transferred en masse to the public


Outcome #3: Democracy in America is officially dysfunctional


Outcome #4:  Incentives will continue to be structurally perverse, and the rule of law will continue to be bent by individuals, enterprises, and the government


Outcome #5:  Healthcare (a.k.a. sickcare) will continue to be an enormous drag on the economy as diminishing returns, fraud, complexity, and defensive medicine add costs without equivalent improvements in health


Outcome #6:  The costs of complying with Obamacare will act as an inflection point in the decline of small business


Outcome #7:  The trend of the Status Quo “solving” perceived problems by adding layers of immense complexity to systems already suffering from marginal returns will continue


Outcome #8:  The informal cash economy will continue expanding, as those who choose to opt out of the Status Quo and those who must opt out as a survival mechanism do so

Without going into detail, I think a self-evident case can be made that each of these outcomes is already visible at the end of 2013.

Additional Trends to Watch in 2014

Since the trends listed above are still operant, these eight are additional rather than replacement trends:

Trend #1: The Number One growth industry in the private sector will increasingly be lobbying the government for favors.  When the State selects the winners and losers throughout the economy, then companies are essentially forced to make their case for special dispensations via campaign contributions and unrelenting lobbying. Elected officials benefit from their centralized powers, as the line of corporations anxiously pressing campaign cash on them lengthens in direct proportion to the expansion of State power.

This is the essence of what some call the Corporatocracy that effectively governs the U.S.A., and what I call the Neofeudal Cartel/State system, as the State and its chosen cartels dominate the economy and society in a fashion that can only be described as neofeudal.

Since organic growth from increases in wages and purchasing power are limited to the top 10%, the only sectors that can possibly gain growth from rising sales are Porsche dealerships and other luxury outlets that cater to the top 10%.  But since the number of households adding income is a thin 10 million out of 121 million households, moving more luxury goods offers little growth opportunities for the rest of the economy, which is stagnant at best.

As a result, lobbying the central State for favors is the default “growth industry.”

Trend #2:  The difference between anemic growth and recession will increasingly be semantic. This is another “how many angels can dance on the head of a pin?” debates in which Ivory Tower/State economists parse juiced or manipulated data to conclude the economy is “growing slowly” or slipping into negative growth, i.e. recession.

Experientially, if purchasing power and discretionary income (what’s left after paying taxes, rent, mortgages, food, utilities, etc.) are both declining for 90% of households, the “growth” in inventories, exports and other factors that feed into gross domestic product (GDP) are not reflecting the economy we actually inhabit.

Trumpeting what amounts to signal noise as “steady growth” is adept perception management (i.e. propaganda), but if it doesn’t include increases in purchasing power and discretionary income for the bottom 90%, it’s a propaganda embarrassment, like the Fed official hyping the declining cost of tablet computers while someone in the audience shouts, “I can’t eat an iPad.”

Trend #3: The decline in local government services will accelerate as rising pension/healthcare costs squeeze budgets.  Local governments (city, county, state) have avoided the politically combustible collision of rising pension/ healthcare costs and angry taxpayers tired of service cuts by accounting trickery and jacking up fees and taxes. Crunch-time has also been put off by rising home values that pushed property tax revenues higher.

These solutions are running out of rope: property values have topped out and accounting trickery hasn’t solved the fiscal impossibility of maintaining services and meeting pension obligations in a stagnant economy. When push comes to shove, services must be cut, either by bankruptcy or negotiation. Since the likelihood that taxes will drop is zero, taxpayers will get fewer services for their taxes.

Trend #4:  Middle class income, purchasing power and discretionary income will all continue to stagnate.  Unless you define “middle class” as those households earning $150,000 and up (9.1% of households)—and if you define the top 9% as middle class, your definition has lost all meaning—what’s left of the middle class will see real and discretionary income continue to stagnate. The causes of this decline in labor’s share of the economy are structural and cannot be remedied by lowering interest rates to zero or jacking up the stock market: zero-interest rates have deprived households of income and few in the bottom 90% own enough stock to affect their wealth. (Source: The Distribution of Household Income and the Middle Class)

Trend #5: Junk fees will continue to replace legitimate taxes.  Fearful of blowback from ever-rising taxes, local governments have turned to junk fees as the preferred method of “revenue enhancement.”  These include sharply higher fees for recreation, parking tickets, permits, etc., and a multitude of add-ons to property taxes and other existing tax structures. Local authorities are counting on the taxpayers to sigh but do nothing as long as the fee increases are small enough to avoid triggering political resistance.

In our small California town, the city has raised the fees for trash pickup by more than 100% in recent years—ironically, their reason is that recycling (which they encourage) has reduced the amount of trash being collected.  This sort of nonsensical rationalization for radically higher fees will join the usual justifications, i.e. “we can no longer fill potholes and pave streets unless we raise your taxes.”

How did they manage to perform these basic services 10 or 20 years ago with much smaller budgets? The answer: see Trend #3: skyrocketing pension and healthcare costs.

Trend #6:  The African oil exporting nations will move from the back-burner to the front ranks of geopolitical flash-points, joining the South China Sea, the Mideast and North Korea. I recently discussed The Scramble for Africa's Oil and the “resource curse” that is fueling the potential for conflict over Africa’s untapped oil wealth. 

Trend #7:  Americans will continue to passively accept the rise of the Police/National Security State. This may eventually change, but for the next few years the existing motivations for passive acceptance of increasing centralization of power will continue to hold sway.

The first is complicity: the 49% of all Americans—156 million out of 317 million—who receive direct transfers/benefits from the Federal government see little reason to rock the boat or put their cash from the government at risk.  (Source)

The second reason is a rational fear of State power: fear of getting tear-gassed and arrested should you join a protest, for example, and a generalized fear of putting whatever you still have at risk by confronting a government given to secrecy and retribution against whistleblowers, protesters, etc.

Trend #8:  The Federal government will quietly absorb the rising losses from defaulting student loans rather than reveal the bankruptcy of the entire Higher Education/Student Loan Cartel.  There are myriad ways to quash the recognition that the Higher Education/Student Loan Cartel is failing to provide useful education while it burdens younger generations with $1+ trillion in high-interest debt: quietly forgive some defaulted loans, stop enforcing collection of defaulted loans, etc.  The Federal government doesn’t want to call attention to its management of this powder keg, as widespread recognition that the system is broken will unleash calls for a general debt amnesty that will blow the big-debt-for-worthless-degrees system wide apart.

In Part II: Outcomes to Bet On in 2014, we’ll forecast the most likely consequences of these trends. With such understanding comes the opportunity to position ourselves in front of them for protection and/or profit.



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Tue, 12/31/2013 - 14:29 | 4288961 stant
stant's picture

read martin armstrongs stuff from december.  i am going long brass framed revolvers and stars and bars

Tue, 12/31/2013 - 14:33 | 4288989 PR Guy
PR Guy's picture



I made a short cartoon so that the Grim Reaper himself could have a final word on 2013.....

Wed, 01/01/2014 - 02:03 | 4290421 Xibalba
Xibalba's picture

“When I think of those complacent prosecutors and investigators, deaf to our protests, I’ll always feel that rising anger I used to reserve for the enemy.” - Navy Seal Keefe. A sentiment that I'm sure is shared by many more 

Wed, 01/01/2014 - 08:03 | 4290567 negative rates
negative rates's picture

I'm gonna re-up my subscription to the hedge.

Tue, 12/31/2013 - 14:54 | 4289050 zerozulu
zerozulu's picture

Middle class will keep on disappearing.

Tue, 12/31/2013 - 16:39 | 4289386 Shocker
Shocker's picture

Job Market will be a big one

Layoff / Closing List:


Tue, 12/31/2013 - 17:13 | 4289486 Ying-Yang
Ying-Yang's picture

Continued release of NSA documents will be the 2014 Wildcard.

2014 may be the year people really get pissed off.

Here is a good source to stay up with NSA leaks and oversight.

Experimental library of TV news clips pertaining to recent revelations about the NSA and its oversight.

Fully searchable by query.....

Tue, 12/31/2013 - 17:33 | 4289519 withglee
withglee's picture

2014 may be the year people really get pissed off.

Why did WTC7 fall down? It's been 12 years. Most people don't even know about it. And many of those that do are not in the least pissed off. Nope ... this pot of boiling frogs is in for the duration. TPTB will get their 80% population reductions. Inevitably some of them will get caught in the whirlpool and become part of that reduction. I'm just wondering how the clueless and worthless remaining PTB are going to feed themselves. And who's going to wipe their bottoms?

Tue, 12/31/2013 - 17:50 | 4289580 Ying-Yang
Ying-Yang's picture

The continued release of NSA documents is eroding trust. If all of the documents were released in one batch then it would blow over after a period of time. What's different this time is the steady release. With each released document people are reminded and the loss of trust is reinforced.

Trust is faith, once lost, can take a long time to regain, if ever. The steady dribble of erroding trust has a remarkable effect over time... unless the releases are stopped.

I share your anger about 911 and building 7 is the smoking gun. Most people don't question things like you do but have faith, they are coming around slowly but surely.

Years ago I spoke with family members and friends about the NSA and they dismissed me. Now they listen.

Tue, 12/31/2013 - 20:43 | 4289961 Gazooks
Gazooks's picture

if I may, one other notable and necessary consideration for the year 

in addition to your worthy list;


Cheers everyone!

Wed, 01/01/2014 - 23:58 | 4292457 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

It's been 12 yrs, tens of thousands of killed/maimed soldies and how many trillions on the wars in the Middle East. You'd think people would get really pissed about that too. Of course, the day the avg anesthetized Joe will get smoking mad is when the gubmint $$$ stops flowing (SS, pension, food stamps, take your pick). I remain hopeful that full scale annihilation is out of the picture, merely for the 100 million guns in this country

Tue, 12/31/2013 - 15:02 | 4289084 PrecipiceWatching
PrecipiceWatching's picture

Hmmm.  Antique weapons and the Confederacy.  Interesting.

Link to the specific piece(s) you are referencing?

Looks like his site is down.



Tue, 12/31/2013 - 15:19 | 4289150 stant
stant's picture

He wrote 2 articles on the subject. One was called 224 year cycle of contraction points to us break up. Also warren pollock just did a yt vid on the subject iwas speaking metaphoricly about the stars and bars bit I can read a map

Tue, 12/31/2013 - 15:26 | 4289172 PrecipiceWatching
PrecipiceWatching's picture


I thought maybe Armstrong had praise for the South.  Certainly the people I'd want to be around when the SHTF, as opposed to a bunch of smug, effete, "well-educated", cowardly northern liberals.

Still don't get the part about the brass revolvers.  The legendary, hands-down reliability of this weapon?

Thanks for your reply.

Tue, 12/31/2013 - 16:38 | 4289380 stant
stant's picture

Brass framed revolver speaks to making do with whatcha got Plus they are pretty to look at

Tue, 12/31/2013 - 20:18 | 4289899 booboo
booboo's picture

"Outcome #3: Democracy in America is officially dysfunctional"
On the contrary Democracy is working perfectly as planned, it has always been know that when given the chance people will always vote their own ass into slavery. Democracy is dysfunctional by design because people are selfish by nature.
Why do you think the thrust since the 1900 was to spread demoCrazy and is still parroted by our puppets in chiefs.
You don't fry the live frog, you put him in a pot of cold water and turn on the fire. At least kings thought long and hard before committing their own money to raise an army and the average tax rate was well below what the average global slave pays today and you VOTED for it.

Tue, 12/31/2013 - 14:28 | 4288970 Gankfest
Gankfest's picture

Not Surprised...

Tue, 12/31/2013 - 14:28 | 4288972 dbTX
dbTX's picture

False flags flying everywhere.

Tue, 12/31/2013 - 14:30 | 4288977 Stoploss
Stoploss's picture

France is back in Africa.





Tue, 12/31/2013 - 14:37 | 4288994 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

the horror, the horror

Tue, 12/31/2013 - 14:53 | 4289047 Kirk2NCC1701
Kirk2NCC1701's picture

France is the world's 3rd largest MIC.  After the US and the UK.

And you DO understand the "Essence of Banking"**, don't you?  War is good for Debt (in a deb-t-based fiat currency), and Debt inflates demand for Petro-Dollars.


Tue, 12/31/2013 - 16:10 | 4289277 walküre
walküre's picture

75% tax rate on incomes will put France on top of the list of nations to avoid for any kind of business

Tue, 12/31/2013 - 14:33 | 4288980 PR Guy
PR Guy's picture



I made a short cartoon so that the Grim Reaper himself could have a final word on 2013.....


Tue, 12/31/2013 - 14:35 | 4288985 Sweet Chicken
Sweet Chicken's picture

I'm going to leave this riiiiiiight here.

Happy New Year Bitchez!

Tue, 12/31/2013 - 15:10 | 4289101 Skateboarder
Skateboarder's picture

The radiation will not be televised.

Wed, 01/01/2014 - 13:32 | 4290954 Tijuana Donkey Show
Tijuana Donkey Show's picture

The radiation will not be tweeted/twerked/facebooked/blogged/txt'ed/IM'd/posted/ Just absorbed.

Tue, 12/31/2013 - 16:22 | 4289316 walküre
walküre's picture

How are the cleanup efforts going? They started moving fuel rods a few weeks ago. Where's that at?

Tue, 12/31/2013 - 16:57 | 4289426 pods
pods's picture

Pretty well. They are taking the homeless and giving them those yellow dish washing gloves and getting them to carry them out 1 at a time.  Slow process, as you need a new crew every few rods.

Of course you won't hear about it, as the government decided that you only get to hear what they want you to hear.

Kind of like the USSA.


Fri, 01/03/2014 - 01:40 | 4295723 Tijuana Donkey Show
Tijuana Donkey Show's picture

They give gloves? In the USA, they woudn't get soap...

Tue, 12/31/2013 - 18:50 | 4289730 Nostradumbass
Nostradumbass's picture

No worries:



Wed, 01/01/2014 - 00:29 | 4290353 Jack Burton
Jack Burton's picture

Good catch Sweet Chicken. I am with you, Fukushima is being covered up by governments and media. In fact, the state of the three melted cores is unknown as they have not been seen or located yet. They went part way or maybe all the way through containment flooring and are in the ground. TEPCO has seen record levels of radiation in several places and a new leak of record level radiated water. This is new, on top of everything we already know. Radiation levels are RISING, this means something bad is happening.  Don't be fooled by pro nuclear power people, they have an agenda. Note, I have never been anti nuclear, I even served on nuclear powered ships. I just want the truth, and too many nuclear power advocates are trying to downplay Fukushima. This is not right, good or bad, we need the truth.

Wed, 01/01/2014 - 00:36 | 4290362 Jack Burton
Jack Burton's picture

Sweet Chicken, I have been following up your story. Few sources, but it seems that this is real and that it has been off and on for a week. We will have to await developments, but I would say this might be big trouble brewing. People should know that there never was a traditional "cold shutdown" made of the reactors. They are in emergency cooling via giant flushing of water into the general area of the cores and spent fuel. If all hell breaks lose, I bet it will be a spent fuel pool disaster, with a buring fuel rod, or two or ten or a hundred.

TEPCO is not up to this disaster. The world should invade Fukushima with troops, secure the area, than allow American, EU and Russian exprerts onto the site with an unlimited budget in dollars to attack this problem, before it gets more out of hand. Period!

Wed, 01/01/2014 - 00:56 | 4290375 GeorgeHayduke
GeorgeHayduke's picture

That's a great idea, but it doesn't blow shit up and make money for the Military industry.So nothing like that will happen.

Also, while it's the most important thing any of the world's so-called leaders could address right now, it doesn't help any of the dumbass politicians get re-elected because the sheep aren't paying attention to it. So, the chances of anything worthy happening to mitigate Fukushima is low. Well, maybe once Japan has to evacuate the country and they decide to start forcibly colonizing other countries and islands again as they did in the 1930's and 1940's. Then things may start happening after it's too late. Expect nothing more than the usual modus operandi from the leaders of the short attention span public of the US, or the rest of the world for that matter.

In the meantime, the remainder of the world's nuclear plants continue to age and operate on borrowed time as nobody has a clue how to decommission the damned things. Nor would the public push for action because they don't understand the implications of actually dealing with the radioactive material at these plants. Besides, they might miss a tweet from Kim Kardashian while they are learning about this shit. They don't have time for that!

Wed, 01/01/2014 - 15:08 | 4291160 TBT or not TBT
TBT or not TBT's picture

Who is this "the world" and what is their phone number, or URL?

Tue, 12/31/2013 - 14:35 | 4288986 Kirk2NCC1701
Kirk2NCC1701's picture

The sky will keep falling. 5 yrs in a row.

Cause you KNOW that that Broken Clock will be Spot On eventually.

Tue, 12/31/2013 - 14:33 | 4288991 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

Trend #9 if the above happens: martial law

Tue, 12/31/2013 - 14:52 | 4289010 Skateboarder
Skateboarder's picture

MSM will be so happy to guide us into it... with an evil smile.

edit: You Could Die Like That!

"Do you want to die (4x)

Ya you´re always talking reporting all the news
Who´s been where and who´s done what,
Just what´s in for you
Ya you want to tell some lies, tell it like it is
Let me tell you something bitch,
You ain´t got long to live

You could die like that (4x)

Ya you gotta say something well say it to my face
Let me tell you something I´ll put you in a place
If you want to talk to me, well say it to my eyes
Let me tell you something bitch
I got your big surprise

You could die like that (4x)


Ya you best stop talking
If you want to stay alive
Mind your own damn business
Unless you want to die
Ya I´ll tell ya something,
I´ve gotta a big surprise
I´ll break your bones and drink your blood
And pluck your eyes

You could die like that (4x)"

Tue, 12/31/2013 - 15:44 | 4289218 nickels
nickels's picture

Trend # 10, Shelley nominated poet-of-the-year.  Ozymandias:I met a traveller from an antique land

Who said: "Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away". 

Tue, 12/31/2013 - 16:55 | 4289431 Dugald
Dugald's picture


IN Egypt's sandy silence, all alone,
Stands a gigantic Leg, which far off throws
The only shadow that the Desert knows:—
"I am great OZYMANDIAS," saith the stone,
"The King of Kings; this mighty City shows
"The wonders of my hand."— The City's gone,—
Nought but the Leg remaining to disclose
The site of this forgotten Babylon.

We wonder,—and some Hunter may express
Wonder like ours, when thro' the wilderness
Where London stood, holding the Wolf in chace,
He meets some fragment huge, and stops to guess
What powerful but unrecorded race
Once dwelt in that annihilated place.


Tue, 12/31/2013 - 14:37 | 4288993 Ignatius
Ignatius's picture

Charles, please consider that you stop calling the corporate media 'mainstream', it only encourages them.

Tue, 12/31/2013 - 16:59 | 4289446 Dugald
Dugald's picture


Lets call them Mainliners, sure pumpin themselves with hot shit.....

Tue, 12/31/2013 - 14:35 | 4288996 maskone909
maskone909's picture

gerald celente is going to be pissed everyone is bitting his style.  however, most of the observations in this article do match my sentiments.  i especially like #trend #5, an attempt at quantitative analysis of "selfies".

Tue, 12/31/2013 - 14:35 | 4288999 JailBank
JailBank's picture

Picked up more for the stack for the first time since gold was $1350. Not 100% sure how I feel about the purchase yet.

Tue, 12/31/2013 - 14:38 | 4289000 Magnum
Magnum's picture

How many stories about Soaring Gold will be authored in 2014...

Tue, 12/31/2013 - 15:07 | 4289088 PrecipiceWatching
PrecipiceWatching's picture

I hope NONE.


I am still in the acquisition phase.

Tue, 12/31/2013 - 14:39 | 4289004 G.O.O.D
G.O.O.D's picture

#1. Gun registration and consfication will continue throughout The united states as more fake shootings and bombings fuel the acceleration of the collapse of Amerika.

Tue, 12/31/2013 - 14:53 | 4289056 Kirk2NCC1701
Kirk2NCC1701's picture

The last US Pb refinery closes today.  After today, you'll be getting Pb from foreign sources. 

Tue, 12/31/2013 - 15:07 | 4289096 PrecipiceWatching
PrecipiceWatching's picture

I am LONG American ingenuity, black markets and underground weapons fabrication and raw materials processing.




Tue, 12/31/2013 - 17:04 | 4289454 Dugald
Dugald's picture

You may not care for the way its delivered....!

Tue, 12/31/2013 - 19:49 | 4289840 SilverRhino
SilverRhino's picture

Not too worried, copper makes a faster bullet and using a micro CNC makes design work interesting.  

Now if you really wanna get mean.  Copper cladded Tantalum carbide will ruin your fucking day (better than AP rounds) and be completely legal. 

Expensive though.  


Wed, 01/01/2014 - 10:55 | 4290669 IridiumRebel
IridiumRebel's picture

most lead comes from recycled car will not be too big of a deal.

Tue, 12/31/2013 - 14:38 | 4289013 eddiebe
eddiebe's picture

And most important of all, we will continue to degrade our space-ship and exterminate species without thinking about long-term consequences.

Tue, 12/31/2013 - 14:41 | 4289023 geno-econ
geno-econ's picture

Sounds like diminution of the middle class as in Germany during 1920's, but in slow motion. Could be dangerous if demise of middle cass intensifies. In the end we will all pay for excesses of today's
Consumer/ Debt economy on a global scale. Scapegoating is already evident on ZH as well as global tensions everywhere.

Tue, 12/31/2013 - 14:51 | 4289044 PrecipiceWatching
PrecipiceWatching's picture

"scapegoating" = Properly assigning blame toward those politicians/bankers/media elites/ATTITUDES responsible for our societal demise.

Tue, 12/31/2013 - 15:13 | 4289114 geno-econ
geno-econ's picture

Properly assigning blame through legal system has not occurred and probably never will.
Properly assigning blame through popular demand, maybe, but history shows populace is in state of TV, sports and consumer goods hypnosis---nowhere near starvation , dislocation or outright civil disobedience

What you have left is scapegoating without teeth

Tue, 12/31/2013 - 17:18 | 4289496 withglee
withglee's picture

Don't blame a "consumer/debt" economy. Blame parasitic government which is killing its host by making trading promises (printing money) it can't keep (can't repay with tax collections).

Tue, 12/31/2013 - 18:44 | 4289717 geno-econ
geno-econ's picture

Government is printing money so average guy and gal can keep spending
To bolster economy. Problem is bankers get the printed money first and use it for speculation or to buy bonds or hold it in reserve and earn interest from Fed ----- a great deal for bankers but money does not filter down to average guy. Unemployment benefits , social security, welfare payments and other subsidies do reach average guy but a good share goes to pay for imports which does not create jobs but does help keep global economy afloat. It's a vicious cycle that will end in loss of confidence in US dollar ,hyper inflation or default if taxes cannot repay debt which is now impossible , especially if interest rates spike. We are literally screwed thanks to the politicians

Tue, 12/31/2013 - 15:04 | 4289090 roadhazard
roadhazard's picture

The "death panels" will reduce costs.

Tue, 12/31/2013 - 15:05 | 4289093 angryBuddhist
angryBuddhist's picture

I see the future playing out like this -

1) Due to continued unbridled QE, foreign purchasing of US T-Bills come grinding to a halt.

2) Along about this time, China (who is in a far better position to survive the outcome of this next step) dumps its entire holdings of $1.4T of T-Bills onto the open market. (Remember, they and Russia by now own the lion's share of the world's gold reserves)

3) This will result in a collapse of confidence in the dollar in general causing interest rates to spike and the dollar worth less than it has ever been.

4) The US has one of two choices to make - Either default on its obligations or print like there is no tomorrow believing in the false notion that somehow things will get back on track. Personally I believe that the political elite will vote to keep printing rather than admit that the US is FUBAR and default. Either way we are fucked.

5) The rest will play out however it does with the US Govt clamping down like nobody's business and lots of reactionary finger-pointing politics guiding all decision making. This will likely lead to not only nationwide unrest but yet another excuse to create an international incident that leads to WW-III.

Tue, 12/31/2013 - 15:20 | 4289154 geno-econ
geno-econ's picture

Exactly what happened in Germany in 1920's that led to Hitler taking power and starting WWII as described in recently published book "The Downfall Of Money " by Frederick Taylor

Tue, 12/31/2013 - 16:48 | 4289402 Clowns on Acid
Clowns on Acid's picture

Yeh Glenn Beck predicted that 3 years ago...whatever one thinks of Beck... he was right on PMs and his nemsis Anthony Weiner was wrong.

Beck also moved from NYC 2 years ago to TX. Good move. The zombies will be moving thru NYC in 12 months w/ DeBlasio trying to out Chavez , Chavez.

Tue, 12/31/2013 - 17:14 | 4289480 withglee
withglee's picture

"When Money Dies"; Adam Fergusson

Tue, 12/31/2013 - 19:02 | 4289758 geno-econ
geno-econ's picture

"When Money Runs Out " by Stephan King. There are a lot of books which describe perils of our current economy but politicians and those in power are paralyzed and hostage to a system run by Banks, Multinationals , Defense establishment and our election funding system. Like alcoholics hooked on debt , we will have to hit rock bottom before any meaningful change. In meantime, ZH a good place to vent frustration but of little consequence in achieving change

Tue, 12/31/2013 - 15:15 | 4289122 Kirk2NCC1701
Kirk2NCC1701's picture

When the D&C (Divide & Conquer) strategy fails, and the bulk of gold bullion fans finally realize that AU+BTC = Parallel Economy, TPTB will smack both.

As it is, what only a 'precious' few realize, is that both are (among other things) a HEDGE, an "insurance policy" against the USD/FRN fiat and the fiat paper of all CBs world wide.  Had you owned both insurance policies, you'd have done VERY well in 2013, rather than betting and losing it all on only one policy:  PM.  Therefore, unless you have a pathological Learning Disability (stupid or stubborn), hold some of both as insurance policies, but don't go "nuts". 

Stop hating fiat, and remember to use it for other stuff (real assets and "stuff of life"), and keep some to stay liquid/solvent and seize on buying opportunities.  As long the world is dumb enough and their politicians scared enough of our DOD, they will keep subsidizing us (trading their goods & labor for confetti paper).  Enjoy it while you can, by buying Real assets, the way the Big Boys do.  But, most of all, good luck in staying solvent (being able to pay bills from income, not savings).

2014 Trend:  More people will use their Savings and Assets to pay their bills.  Especially in Health Care and Education, where the COSTS ARE OUT OF CONTROL.  Deliberately so... to suck ALL the wealth out of you. 

PREDICTION: For me 2014 is the year I leave the US.

Wed, 01/01/2014 - 05:12 | 4290501 Mongoose
Mongoose's picture

Where are you headed, Cap'n? Sounds like you already have a country picked out? Do you have residency or citizenship issues worked out?  It's not that I plan on leaving anytime soon but, if it gets too ugly and I feel like my family is regularly in danger, it may be time to haul ass. That's when having some kind of plan means the difference between a successful exit & transition and a cluster f#@%.

Back to killin snakes

Wed, 01/01/2014 - 13:24 | 4290943 Things that go bump
Things that go bump's picture

Most people wait until its too late and they are trapped. They see the signs, but think they still have time when events overtake them and they end up in the ovens. Just ask the Jews of Germany.

Tue, 12/31/2013 - 15:15 | 4289129 Notarocketscientist
Notarocketscientist's picture

I bought two book poster prints today -  Orwell 1984 - Huxley Brave New World.  I will frame them and put them on either side of the entrance to my home.

Tue, 12/31/2013 - 15:17 | 4289139 overthehill
overthehill's picture

“. . . . Trend #1: The Number One growth industry in the private sector will increasingly be lobbying the government for favors. . . .”

Hence, The Number One income growth group will be Congress Members . . . .

Tue, 12/31/2013 - 15:27 | 4289166 the grateful un...
the grateful unemployed's picture

this is the age of the work around. #5 cities raising fees. i found out incidentally, when my neighbor couldn't pay his trash bill, that the company which is contracted for trash pickup in our town still has to pick up the recycles and the green waste, because they sell these products. the only thing you are really paying for then is the gray box, which is everything you can't recycle, which is as the article notes, not very much. the astute consumer could probably  figure out a way to get rid of the non-recyclable stuff, and avoid the charge altogether.

there are all sorts of tech work arounds, internet phone and television service.

its also likely a lot more people will be working under the table, the socalled underground economy. the upside to this is that you can collect certain benefits if your income remains below a certain threshold, including seniors who work and draw SSN. more people are going to work the angles than ever before, and that means less government revenue, more money printing, and a day of reckoning when Congress finally cuts spending.

Tue, 12/31/2013 - 17:38 | 4289547 Clowns on Acid
Clowns on Acid's picture

..... and BitCoin.......

Wed, 01/01/2014 - 07:25 | 4290560 FredFlintstone
FredFlintstone's picture

Funny story: My dad worked at a big R&D outfit with a bunch of well-compensated PhD sorts and they had a guy who would bring in a small bag of trash every day and deposit it in a receptacle. He was avoiding paying for the private garbage collection in that town. Management caught on and made him stop. In telling that story, my dad added that he was of a certain ancestry where such frugality is legendary.  

Wed, 01/01/2014 - 11:13 | 4290688 pupdog1
pupdog1's picture

Frugal does not mean "cheap."  It is more akin to "crafty."

Wed, 01/01/2014 - 13:38 | 4290971 Tijuana Donkey Show
Tijuana Donkey Show's picture

I just drop mine at McDonalds /SARC. Our city ties the water bill to trash collection, so you pay no matter what. Extra credit - only one landfill, and one company bidding for all the contracts in the region. 

Tue, 12/31/2013 - 15:45 | 4289212 Cornholiovanderbilt
Cornholiovanderbilt's picture

Forgot the #1 Trend.  Americans are all going to start losing a LOT of weight

Tue, 12/31/2013 - 16:57 | 4289440 pods
pods's picture

LOL, that made me laugh. 

Happy New Year all!


Tue, 12/31/2013 - 17:19 | 4289498 resurger
resurger's picture


Tue, 12/31/2013 - 17:46 | 4289569 Kprime
Kprime's picture

God I hope so. Starting with me.

Tue, 12/31/2013 - 22:21 | 4290141 el Gallinazo
el Gallinazo's picture

You are looking at obesity very simplistically.  Americans are gaining weight by eating more and more toxic food with less and less nutrition.  A vicious cycle as one's body figures that if you eat more you will gain the nutrients that the corporate farms extracted.  Just look at rats fed Monsanto corn and HFCS for their life time (about 2 years).  Not a pretty picture.  Americans will get even fatter until enough wise up and start growing their own food and stop eating shit in boxes, cans, and fast food places.

Wed, 01/01/2014 - 07:19 | 4290558 FredFlintstone
FredFlintstone's picture

I would call it dark humor. I got a chuckle.

Tue, 12/31/2013 - 15:54 | 4289243 Loophole
Loophole's picture

If I were younger, I would be looking for a second citizenship somewhere with plans to leave the US eventually. At my age (72) and in my state of health, I hope the economy can hold out 'till the "sell by" date.

I feel sorry for my kids and grandkids.

Tue, 12/31/2013 - 16:07 | 4289276 El Vaquero
El Vaquero's picture

The grass is always greener.  I'm not really sure where you'd want to go, as there are some very serious global problems.  I know that, barring a nuclear war, I have a fighting chance right where I am, so I'll stay.  In the event of nuclear war, we're all fucked, and the southern hemisphere would likely be the best place for a while.

Tue, 12/31/2013 - 18:40 | 4289706 Professorlocknload
Professorlocknload's picture

  Yeah, I'll go along with that. It's not a good idea to go down range of the biggest assed military on the planet.

Wed, 01/01/2014 - 07:17 | 4290557 FredFlintstone
FredFlintstone's picture

I think you will be fine as this will most likely be a slower process than many posters here believe. The analysis in the article should be comforting to you as is points to a controlled situation by TPTB. You can be of service to the kids and grandkids by being a beacon of light and imparting wisdom.

Wed, 01/01/2014 - 13:11 | 4290916 Milestones
Milestones's picture

Loophole, I am older than you and I just renewed my passport. Why?? I want a ticket out if necessary for the reason you ended your remarks. "I feel sorry for my kids and grandkids." So do I, but I can't live up to my responsibilities to them if I limit what I can possibly do to help them. I already kissed my ass off. The bottom line is; they did not cause what is happening--you and I and all the other "I's" out there. We all bear a responsibility to do what ever is necessary to search for a way out, and if guns become necessary so be it. I am prepared to go there--there is now no other way out of the mess that happened on our watch.                    Milestones 

Tue, 12/31/2013 - 16:05 | 4289265 shovelhead
shovelhead's picture

My prediction for 2014:

Alex Jones will bite a heckler and the heckler will die of rabies.

Tue, 12/31/2013 - 16:34 | 4289368 NoWayJose
NoWayJose's picture

It looks to me like a 'Magic 8 Ball' with the little window on the bottom that answers all the questions you can throw at it.  Unfortunately, the same 8 things keep coming up - and have been coming up for 42 years - ever since the United States left the gold standard in 1971.

Tue, 12/31/2013 - 17:40 | 4289375 Ranger_Will
Ranger_Will's picture

So in short:

The rich are getting richer, the power hungry socialist/fascist douchebags will continue their movement towards consolidating power, and American Idol, The Voice, and NFL football with be used to keep the masses asleep.

In other news:

Today the sun came up and after years of careful research, scientists have determined that Canadian Bacon is actually just ham.

Wed, 01/01/2014 - 02:35 | 4290439 mijev
mijev's picture

I always make sure I ask for Canadian bacon when I'm visiting there. Just like asking for French toast in France and English muffins in the old Blighty.

Tue, 12/31/2013 - 16:53 | 4289425 jtz5
jtz5's picture

Looks like the S&P will end the year right on that DB Bernanke's year-end target.  Nothing fishy about that, just pure luck!

Tue, 12/31/2013 - 17:11 | 4289476 resurger
resurger's picture


Today is my 2 years birthday on ZH, i wanna wish the Tylers, WB7, And all the Zerohedge bloggers (no exception):

A Happy New 2014.

May all your wishes and endevours become true in 2014.

Kind Rgds,


Tue, 12/31/2013 - 17:36 | 4289542 Clowns on Acid
Clowns on Acid's picture

Yo resurg - Happy New Year to you. Condolences on the birthday.

Tue, 12/31/2013 - 17:51 | 4289585 forwardho
forwardho's picture

what some call the Corporatocracy.

Others call by its rightful name.


Tue, 12/31/2013 - 18:53 | 4289734 Dr. No
Dr. No's picture

Trend #9: a darker world. Good bye incandescent bulb! You made America great. Not sure what we will do without you.

Wed, 01/01/2014 - 07:05 | 4290551 FredFlintstone
FredFlintstone's picture


Wed, 01/01/2014 - 09:59 | 4290630 Dr. No
Dr. No's picture

So we need to pay 25x the cost to get the same service?

Wed, 01/01/2014 - 10:03 | 4290633 FredFlintstone
FredFlintstone's picture

Not sure what you are a doctor of, but I design buildings for a living and LED is now life cycle cost effective in commercial applications. There are also fluorescent lamps that have been in use for decades that have outperformed the incandecent variety and they have gotten even more efficient.

Wed, 01/01/2014 - 17:01 | 4291406 Dr. No
Dr. No's picture

When I go into a cold garage every couple of days, it was nice to have 100% light when flipping the switch. Fluorescent never really warms up. But I guess you didn't design my garage.

You used the magic word: commercial. How is a $25 bulb cost effective when a bulb is used once a week? Thanks guys like you.

Tue, 12/31/2013 - 18:56 | 4289746 FreedomGuy
FreedomGuy's picture

Outcome #5 the ACA could be a big sleeper. As someone who works in healthcare it is having a huge impact and none of it positive as far as I can see. Remember, that ACA doesn't just buy insurance for some, it restructures the entire healthcare industry and the relationships between different parts of it. It also intervenes in labor markets by redefining "full time and mandatory benefits. The largest parts do not kick in until the employer mandates kick in. That is when the major effects may occur.

The government's ability to wreck large parts of an economy while climaing to do good (or net good) is virtually unlimited. Stupidity and incompetence are no barriers, either.

Tue, 12/31/2013 - 19:28 | 4289806 I am Jobe
I am Jobe's picture


Dell's Twitter Account Apologizes For The 'Inconvenience' Of Helping NSA Install Spyware

Tue, 12/31/2013 - 19:59 | 4289856 Racer
Racer's picture

"Against a backdrop of fireworks, the Sun heralds the start of 2014 by declaring it's "boom time", looking forward to football's World Cup and quoting Prime Minister David Cameron as saying the UK can return to prosperity."


"An end to boom and bust" not long before the Greater Depression... Brown (who sold gold at the lows)

'A permanently high plateau'..... infamous quote

Now we have a good quote for CamerWrong!


I would LOL but this isn't for laughing  :(

Tue, 12/31/2013 - 20:42 | 4289956 Playtime's Over
Playtime's Over's picture

     The nightmare of Obama continues unabated. The new year doesn't seem so new. soooo.....Costa Rica has many American ex pats huddled together.  English is widely spoken. Standard of living not as bad as most central American shiiitholes. If some resistance rises up I will stay and join but I don't feel bad about leaving these shores nowadays. I feel like a stranger in my own land. I realize this grind is how the left would like to finish us off.  

            The fed has learned how to suspend the laws of reality and it seems this charade could go on for many years before implosion.  I could be dead by then.  

        A man does not live by bread alone.  One must have hope.  Costa Rica.......maybe.


Happy New year anyway.





Wed, 01/01/2014 - 02:41 | 4290441 mijev
mijev's picture

I'm going to Malaysia.

Wed, 01/01/2014 - 14:49 | 4291123 DoChenRollingBearing
DoChenRollingBearing's picture

Peru is our Plan B.  We have a business there, and my wife's family (great people) live there.

Wed, 01/01/2014 - 04:46 | 4290495 FreedomGuy
FreedomGuy's picture

You know, there is something important in your "hope" comment. I have gone from optimist to pessimist in America and I have to say it is really a painful process. For me, the connection is realist. You have to be real about what you see.

Many of my friends have or are developing exit strategies.

I just saw a story of how French is spoken in large parts of NY because of the huge confiscatory taxes there and the socialist government. What gets me is that they thought NY would be an escape.

Wed, 01/01/2014 - 12:40 | 4290862 the grateful un...
the grateful unemployed's picture

sorry hope and costa rica should not be in the same sentence. youv'e given up. i don't really care what the fed wants or does, i have my piece of dirt staked out, and i long ago cashed out of walking dead consumer america. the young have time to find safe ground, and to go out among them. i will prepare mine as well as i know how. i have never been successful. some of you have, and for that you are miles ahead of me, and you ought to consider giving something back, even if its putting your voice to the revolution.

but as bukowski said, before you back the revolution make sure you're not voting for the same old papa.

soon the northern mexican frontier will open and americans will flock there to avoid americas onerus legal system, and they will be welcome, while they bring infrastructure and some measure of wealth. there are indians in mexico who have never bent to the government will. its a fiercely independent people, at least in the countryside, and there are no impediments to entrepreneurship in the drug industry as long as you fully understand the risks. most would do better to ignore all of that and chew a few peyote buttons with the locals. it could be a second career for some, as yaqui sorcerer. come back to the states and blow the collective minds of americans, who have been crying out for something other than crass materialism since the 50's. the beats had class, the hippies had drugs, the yaquis have power.

i am told that deeper in central america they have voodoo and i want none of that.



Wed, 01/01/2014 - 16:02 | 4291272 FreedomGuy
FreedomGuy's picture

Even if you own your own little piece of dirt the government taxes it. Fail to pay it and they come for it. Government owns most all things through taxes. Only in Alaska are there no property taxes. The absolute dumb shits of S. Dakota had a chance to eliminate them and they kept them. What more proof of inculcated serfdom do you need? There is no fixing stupid.

Wed, 01/01/2014 - 17:56 | 4291504 Hongcha
Hongcha's picture

If you are a white American you probably want to stay in the USA.  You and the East Asians (Japanese, Chinese, Korean) are the right races to be and will end up the ruling class by that virtue.  

Why throw that advantage away moving all your assets to places like Mexico and other points Central and South American?  Or to Thailand or China for that matter.

I know what I just said is a bad, bad thing (Nanny Fascists wagging their finger in my face forever) but it's the truth.  You abdicate your birthright and disadvantage yourself moving under the jurisdiction of a people that has never been able to avoid stepping on their own dicks and can't keep their shit clean and running.  Fine for a visit, even a medical run; but not to live and submit to their police and court system.

+1 the Charles Bukowski 'saying' !

Wed, 01/01/2014 - 01:11 | 4290380 Gift Whores
Gift Whores's picture

It's about time to make my New Year's Revolution.

Wed, 01/01/2014 - 01:29 | 4290396 Yen Cross
Yen Cross's picture

 Hey everyone  NIHILIST CIPHER   23 weeks and 6 days has some blobbing up to do. The Chinese have a day off.

Wed, 01/01/2014 - 02:57 | 4290450 Kina
Kina's picture

Americans might do well to read ..

Down and Out in Paris and London


to know the longer term outcome of QE guaranteed to failure...for the middle and lower 'classes'...

Surely a large section of the US is already begining to live that life.... this WILL be the future....and a long road back. I cannot see how the USA (and other places) will avoid much higher unemployment.


A fake petrol gauge wont help the car run without petrol....


Wed, 01/01/2014 - 11:03 | 4290674 pupdog1
pupdog1's picture

The best book ever written on poverty.

The other half of what "Orwellian" means.

Wed, 01/01/2014 - 04:55 | 4290498 disabledvet
disabledvet's picture

slowly but with total certainty a warrior class is emerging for the first time in American history. The amount of money on the table for "guns for hire" hasn't been this high since just after the Civil War...only this time it will be highly organized and deadly effective. currently the numbers I've read are squad size elements...but soon you'll start platoon and company sized elements popping up in various places both home and abroad "to keep everything in the proper context." this units could morph into outright militias which are legal under the US Constitution. given the amount of protection needed for the tremendous capital expansions there won't be any "trouble" getting payroll. first stop: Nigeria. the big one is going to be Venezuela in my view.

Wed, 01/01/2014 - 06:21 | 4290529 Moe Howard
Moe Howard's picture

The big trend of course will be continued deck chair re-arrangement on the USA Titanic.

Wed, 01/01/2014 - 07:09 | 4290555 The Heart
The Heart's picture





Wed, 01/01/2014 - 12:18 | 4290698 carlnpa
carlnpa's picture

My greatest fear for 2014 involves fukishima, massive radiation release, and contamination of US farmland.

Crops uptake radioisotopes, the articles indicate it takes 5 growing cycles to reduce levels to clear the common radioisotopes.

Wed, 01/01/2014 - 15:30 | 4291198 The Burning Planet
The Burning Planet's picture

Trend #10: People will continue to live in denial

Trend #11: Techno-narcissists will continue to believe technology will solve ALL our problems, i.e., Peak Oil, Peak Water, Peak Planet? There's an app for that.

Trend #12: The Pope will maintain his stand on birth control and family planning, i.e., all babies are good babies. Plenty of room to go around. You can pack everyone into the state of Texas. Meanwhile the human population will hit 7.4 billion. We hit 7.2 well ahead of projections.


Wed, 01/01/2014 - 15:35 | 4291217 C deK
C deK's picture

Methinks that 2014 will show the further rise of matriarchal fascism within the US.  See additional trends for 2014 #1 and #7.  Matriarchal in the sense that the government is here to care and protect you in a "motherly way," by replacing your liberties with government knows best and cradle to grave entitlements.


C deK

Thu, 01/02/2014 - 09:48 | 4292871 falak pema
falak pema's picture

Its ironic to see CHS pointing to these "wealth inequality" charts which strikingly highlight the picture perfect analogy between "roaring twenty" times and today's dystopia world when it comes to wealth distribution. 

All the while pointing at arch devil "Keynes" and his witch doctor's brew of CP and debt spending. It is NOT his brew far from it. Its the Oligarchy's brew.

CHS's statistics contradict his analysis and prognosis. THe cause of 1929 hubris and economic plunge was aristocratic hubris of the moneyed OLIGARCHY class; as today.

The remedy then was to use STATE spending and REGULATION of the corrupt capitalist meme to change the capitalist mindset via Glass Steagall. FDR created the welfare state meme to stifle the "no holds barred  capitalism" that had created the ORIGINAL problem.

The solution today for the IDENTICAL problem; now made worse by TARP collusion instead of massive banking sector nationalisation and IMMEDIATE revamp of casino economy in 2008 via GLass-Steagall rehabilitation; is to go down the FDR route. Right now we have the WORST of both worlds. -- Not saying we have to increase marginal tax rates to 90%. Just saying we have to reign in tax fraud especially from Corporates in Caymans, tax the coporates and tax capital gains more. Anyways with debt where it is it warrants cleaning out the Augean stables one way or the other and PRONTO; tax more and "belly up" TBTF corrupt banks.

What we have today is that the STATE has become the PONZI for the private sector Oligarchs who threaten the State with IMMEDIATE WMD financial implosion if they reign in TBTF cabal and Oligarchy collusion; aka Jamie Dimon/ Squid.

The fault dear "Brutus-CHS" LIES NOT IN OUR STARS, but in our inablity to define the CAUSE and then hold a STEADY course to pursue its resolution. Today we just pander to the EFFECT of past SCAM by pumping QE to levitate WS and HOPE the DEMON of deflation will go away.

We need a true FDR and a true Keynesian policy which involves defining a new ENERGY paradigm based on Renewables and a reign-in of US MIC plays worldwide and military spending cut backs to turn around this tide. There are no Hitlers threatening the world today besides PAx Americana and the all seeing NSA.

Wake up Brutus, you're barking up wrong tree. Its the Oligarchy economy and not the FAKE statist economy which is the culprit. The FED plays are Keynesian only in name. Massive Bail-ins and Glass Steagall will be truly FDR/ Keynesian. 

The real geopolitical bitch today for first world is that it has become victim of its own greedy hubris : the first world debt is either on PUBLIC balance sheet (FED/federal) or held by the "slave labour" and "oil bonanza" economies who are now being pointed at by the first world Oligarchs as the "bogeymen".

How do you rebuild the first world house when "the enemy that YOU CREATED" now stands at the financilal gates with his IOUs that incriminate your past hubris ! ?

Some conundrum bitchezzzz.

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