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Four Key Lessons From 2013

Tyler Durden's picture


Submitted by Simon Black of Sovereign Man blog,

1) Politicians believe there are no consequences for destroying our liberty...

Stimulus and response. That’s the easiest way of summing this up. When politicians steal, and there are no consequences, they’re going to keep stealing.

Cyprus proved this point handily. The government froze bank accounts for everyone in the country (of course, the big bosses got their money out in time). And yet, there was no violent revolution in the streets. People just accepted it.

Poland nationalized pensions. Argentina imposed severe capital controls. The French are taxing everything under the sun. The US government was caught red-handed spying on… everyone.

And yet, there have been ZERO consequences. Citizens have been trained like caged animals to simply roll over and acquiesce. I imagine the politicians are thinking, “Holy Cow! I can’t believe we just got away with that…”

It only reinforces their behavior. With each destructive act, they become more bold, more brazen in dismantling our liberties, confident that they can continue to act with total impunity.

2) ...Central bankers and economists believe there are no consequences to printing money…

The Fed expanded its balance sheet by $1.1 TRILLION in 2013, a whopping 38.5%. Nobody seems to mind. The stock market surged to all-time highs, the bond market remained stable, and everyone pronounced the ‘recovery’ was in.

I attended a dinner a few months ago where Ben Bernanke himself touted how much his quantitative had helped US economic conditions.

They really believe in what they are doing. They really believe that conjuring endless quantities of money out of thin air is the path to prosperity.

Not to mention, our modern society awards its most esteemed prizes for intellectual achievement to the likes of idiot savants like Paul Krugman who tell us that the Fed should be printing even MORE money. And people listen to him.

So we can only expect Ben “I can raise interest rates in 15 minutes” Bernanke, and his heir apparent Janet Yellen, to give us more of the same.

3) ...Investors think there are no consequences to deficits, or debasement...

In 2013, headlines like “the US deficit is -only- $700 billion” were actually considered good news.

And markets have given all of these fiascos a pass– from the government shutdown to record-shattering debt levels to downgrades by the rating agencies. AA became the new AAA in 2013.

Nobody cares that the US government ‘borrowed’ a record amount of money from the Social Security Trust Fund. Or that they spent a record amount just to pay interest on the debt at a time when interest rates are at all-time lows.

Rather, they just keep investing… without a single thought to the possible risks. The fear of missing the big boom is greater than the fear of losing money. But then again, it’s not their money at risk. It’s yours.

4) ...But Joe Six-Pack knows this is all crap.

In 2013, the collective net worth of the 300 richest people in the world grew to $3.7 trillion, 16.5% higher than 2012. Corporate profits were also at record levels.

Fortune 500s, the super-rich, rich, and even upper middle class have largely been beneficiaries of the central bank induced asset bubble.

But everyone else is getting hammered by inflation… watching their savings and livelihoods melt away before their very eyes.

A report from the US Census Bureau this year showed that median household income has declined for five straight years. And those living in poverty, using food stamps, or receiving unemployment benefits remained at record high levels in 2013.

Meanwhile, the wealth gap has grown to its largest since 1929– the year of that fateful financial collapse.

It’s time for a reality check: something is wrong with this picture.

We’ve become desensitized to everything. “Unprecedented” monetary policy. Record debts. Massive wealth gap. Government surveillance. Theft. Deceit. Inflation.

We’ve become so accustomed to getting screwed, it’s just par for the course now. We sit quietly and wait for the next round of beatings, shrugging it all off as the new normal.

This isn’t normal. This is not how a free society is supposed to function.

A free society does not spy on its own people, threaten them with drone assassination, and award an unelected banking elite with supreme authority to rob purchasing power from the masses in favor of a bubbly stock market.

And despite the conventional wisdom, this is not a consequence-free environment.

History is full of examples of entire nations that reached their breaking points… shouting from the rooftops “I’m mad as hell! And I’m not going to take it anymore!”

2013 already saw violent unrest in some of the most stable countries in the world like Singapore and Sweden, all underpinned by absolute disgust for the status quo.

Whether today or tomorrow, this year or next, there will be a reckoning. The system is far too broken to repair, it must be reset.

It’s simply absurd to look at the situation objectively and presume this status quo can continue indefinitely… that this time is different… that we’re somehow special and immune to universal principles.

This is not some prediction for doom and gloom. Far from it.

It’s actually a message of optimism. For the sooner these crackpot criminal politicians and their central banking ilk are stricken from power, the better off we’ll all be.

Unfortunately there’s going to be quite a bit of turmoil to get there.

Here’s to 2014. It’s going to be a hell of a year.


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Thu, 01/02/2014 - 16:19 | 4294144 PrecipiceWatching
PrecipiceWatching's picture

5) Banner year for the Free Shit Army.  And for those cheering for America's demise; present company included.

Thu, 01/02/2014 - 16:23 | 4294161 NotApplicable
NotApplicable's picture

Why should anyone care about consequences when we are so far beyond the looking glass?

When a population has been rendered powerless via inflation, they can only serve the purposes of their masters (entropy induced chaos), never their own (living within a harmonious society).

Thu, 01/02/2014 - 16:49 | 4294245 Beam Me Up Scotty
Beam Me Up Scotty's picture

All QE is is dilution of real assets by MOAR dollars.  Its like a stock split where you have 1000 shares of XYZ worth $100 each and then it splits and now you have 2000 shares at $50.  QE is nothing more than a stock split, except you don't get the extra shares.  You now still have 1000 shares of XYZ but they are suddenly now only worth $50.

Thu, 01/02/2014 - 18:28 | 4294552 aVileRat
aVileRat's picture

Nailed it.

One problem: 99% have no clue what a stock split is, and are just happy that the STICKER PRICE is "cheaper". In their frame of reference they want to buy more because they see things either growing cheaper or others buying more and they want to keep up with the Jonses. 'Animal spirits' in 1 sentence.

Starting to think Bloomberg was on to something. 1 human is rational, kind and polite. People are panicky, tribalistic and opinionated. The Supersize option was designed for those who want to share meals, not single serve consumption or in multiple serve per sitting.Nobody ever thought a 1970's human could drink a 1L drink cup in 1 sitting.

Greed made them not only drink and eat beyond their means and made it culturally necessary to consume BIG, because it's on the menu. Everyone thinks that supersize is 'value' and all go for the option for fear of either being left behind or being percieved to be 'cheap' or inferior. They will think this option is the best for them, even though they can not possibly hope to use that many calories.

Now lets expand this to the big-box superstore. We know reasonable people will continue to buy themselves into default, despite never needing 99% of what they buy. Now go one level deeper, will they demand more forward earnings growth beyond what the world can reasonably produce ? Well, we somehow saw Wells Fargo whining that Apple's margins are not good enough at 40%+.

So, are we there yet ?

The big question is 2014 going to be the year when people realize that yes, this is a political inflicted drama. Nobody has yet said "enough" yet. Politics of proportion, expectations management and structural reform are all about perception, and by extension what the people are willing to accept for leadership.



Thu, 01/02/2014 - 16:54 | 4294256 WarriorClass
WarriorClass's picture

We can expect to see more of what we’ve already been seeing. For most people, that will mean a “progressive” ratcheting down of quality of life, and the lowering of expectations. What we won’t see is some “great awakening” or a dramatic change in leadership or direction. The people who run America aren’t going to “come to their senses.” As America declines and becomes a failed or failing state, the corporations and businessmen and bureaucrats who run it will continue to preach globalism and multiculturalism and feminism. They will continue to condemn anything that could be considered racism or tribalism—especially among whites—until they are safely in the minority. They will continue to condemn “male sexism” and continue to promote any kind of go-girl female sexism that emasculates or devalues men. They will continue to promote reverence for their own academic priest class while condemning as “extreme” any religious belief that challenges the moral authority of progressive beliefs. They will continue to promote dependence on the State for security and income and healthcare—for life itself. And, no matter how many “conflicts” they escalate or how many people they kill or imprison or how militarized their police state thugs become, they will officially continue to condemn “violence.” They will continue to do all of this because it makes perfect sense for them. If you were the rulers and toadies of a nation in decline, whose people were bound to lose wealth and status and you wanted to protect your own interests and keep your heads, why would you not want to keep those people separate, emasculated, weak, dependent, faithless, fearful and “non-violent?” Figureheads may come and go, but I see absolutely no reason why the message will change. Many of you may see yourselves as civilized men. Sane men in an increasingly insane, vulgar and barbaric world. But you’re wrong! You are the new barbarians. The official message will continue to be that: • If you believe that all men are not created equal • If you believe that free men should have access to firearms • If you believe the government cannot be trusted to regulate every aspect of your life • If you believe that race means blood and heritage — not just “skin color” • If you see that men and women are different and believe they should have different roles • If you believe that men should act like men • If you believe that gay pride parades and gay marriage are ridiculous • If you believe in some “old time religion” If you believe any or all of those things, then, according to the State and corporations, the Academia and the media, you are a stupid, psycho, hillibilly, Neo-Nazi, woman-hating, wife-beating, homophobic throwback, reactionary Neanderthal. You know it. Dance to it. Make it a techno remix. Because make no mistake: you are dangerous, traitorous and quite possibly seditious. Well, I’m reminded of the words of rapper Eminem: I am whatever you say I am If I wasn’t then why would I say I am Im the paperm the news, every day I am Radio won’t even play my jam It doesn’t matter what you think you are. You are whatever they say you are. They control the message. No matter how reasonable you think your message is, the radio is not going to play your jam. No matter what you think you are, to them, you are the barbarians. So own it… be it. And, if you’re going to be the barbarians, then start thinking like barbarians. What does that mean? What does it mean to be a barbarian? Classically speaking, a barbarian is someone who is not of the State, of the polis. The barbarian is not properly civilized — according to the prevailing standard of the State. His ways are strange and tribal. The barbarian is an outsider, an alien. How must a man’s thinking change, when he is alienated by the State of his birth? How does a man go from being a man of the polis to an outsider — a barbarian — in his own homeland? These are important questions because if you see no viable political solution to the inane and inhuman trajectory of the progressive state — and I don’t — then any meaningful change is going to require a lot more than collecting signatures or appealing to the public’s “good sense” or electing the right candidate. What you need is to create a fundamental change in the way that men see themselves and their relationship with the State. Don’t worry about changing the state. Change the men. Cut the cord. And let them be born to a state of mind beyond the state. Show them how to become barbarians and break the sway of the state.

Thu, 01/02/2014 - 17:05 | 4294280 PrecipiceWatching
PrecipiceWatching's picture

Gold Star Rant!

Two Americas.

Secession is the only thing that excites me at this point.

Fri, 01/03/2014 - 04:29 | 4295877 TheReplacement
TheReplacement's picture

Secession has no chance of success.  All it would do is buy a bit of time before being overrun.  Besides, secession would necessarily be extremely violent.  If you are going to bother with that level of violence go for the whole thing.

Thu, 01/02/2014 - 17:53 | 4294462 Canoe Driver
Canoe Driver's picture

You are 99% right, on just about every point, including feminism, gay marriage, etc. With one exception, you have nearly written a viable political platform. Unfortunately, your argument about race is a losing one. It has been reduced to just color, which is why it must become irrelevant. The vast majority of people of every color have no notion of heritage, blood, tribe, etc. It has lost nearly all meaning. People merely connect based on skin, hair and eye color. It's far more idiotic than you can imagine. I have a co-worker who was disappointed that one of his daughters was born with brown hair.

The simple truth is, if there is to be any better future, these distinctions will simply have to be let go.

Thu, 01/02/2014 - 19:19 | 4294735 Rusty Diggins
Rusty Diggins's picture

I wish I could Diebold the arrow system for this one reply.  Plus until my finger falls off.

Thu, 01/02/2014 - 21:36 | 4295145 klockwerks
klockwerks's picture

Thank you and really well said very true. Thanks

Thu, 01/02/2014 - 22:50 | 4295362 janus
janus's picture


and change is a-commin'.

my only hope is that the enemies of middle-class-america are far more in-your-face as the reaction approaches.  and i can sleep soundly knowing that they will; being on a moral crusade and all, it's imperative that they hack all infidels into submission.  but it's hard to think this wasn't all a set-up from the beginning; it's almost as-if 'progressiveism' has coded within it a refusal to comprehend mankind at his most basic level...almost as-if entropy was the very aim at its origins.

the people are starting to smart from the burn...shouldn't be long now.

great post, btw.

the nurse should not/

be the one who puts salt in your wounds/

but it's always with trust/

that the poison is fed with a spoon,



Thu, 01/02/2014 - 16:45 | 4294216 Sudden Debt
Sudden Debt's picture

Free shot army.... I talked to my retired family members during my vacation and they're pretty sure all will be free for the entire lenght of their lives. A easy 30 more years. After that of cours it's very gloomy and dark for the rest of us, that they understand.

People only understand when they don't need it.
And when they don't need it, 99% doesn't give a fuck.

Thu, 01/02/2014 - 17:41 | 4294439 CrashisOptimistic
CrashisOptimistic's picture

Common denominator of the well pensioned is an expectation of forever.

When it's not forever, it doesn't get covered.  We won't hear much of what will be worded as "the few Detroit pensioners who suffered some mild reduction in benefits".

Thu, 01/02/2014 - 17:14 | 4294316 Freddie
Freddie's picture

Sweden riots were due to the NWO letting muzzies flood into Sweden.   These parasites always want more.  Singapore was immigrant workers.  Send em all home - problem solved.

Thu, 01/02/2014 - 17:25 | 4294387 Joe Davola
Joe Davola's picture

AP story that in my local paper didn't mention anything about a mosque, etc. - just sayin'

Thu, 01/02/2014 - 19:33 | 4294762 25or6to4
25or6to4's picture

When I was an exchange student to Sweden thirty plus years ago the authorities let it be known to me in no uncertain terms the day and the date my visa expired and thus was expected to leave the country. Now it seems the only visa needed is the right amount of melanin which gives one an unlimited stay and expense account via the Swedish tax payers. Seems this policy has turned their once quiet cities into mini versions of Chicago with daily shootings and violence unheard of back in the days of my youth.

Thu, 01/02/2014 - 16:41 | 4294148 Canadian Dirtlump
Canadian Dirtlump's picture

It's the age of rage, get your share. Just prepare and be as self sufficient as you can because when this bitch blows no one is gonna take care of you from the government, and the majority of gum chewing mongoloids won't know what hit them.

Thu, 01/02/2014 - 17:22 | 4294342 lordbyroniv
lordbyroniv's picture

my uncle is a retired school teacher and I shit you not...takes 4 Carnival Cruises a year off his pension and Social Security.


Life looks good as far as the eye can see for him.


For me...not so much.  :(


Born 30 years too late.

Thu, 01/02/2014 - 19:38 | 4294771 XitSam
XitSam's picture

If you're self-sufficient, the government will come around and take what you have you dirty Kulak!  How dare you have more than other people!  This nation was built on everyone being equal and to make you equal you must give up what you own.

Thu, 01/02/2014 - 16:22 | 4294152 adolf
adolf's picture

Get it into your pea size brains that the jews don't give a shit.

They will promise you free money and everlasting life.  They will keep on doing it, they will never, ever stop.  It's what they do, it's who they are.  It's who they were 2000 years ago, it's who they will be 2000 years from now.

And Americans were dumb enough to believe them.  Reap what you sow.

Thu, 01/02/2014 - 16:24 | 4294155 NoDebt
NoDebt's picture

Hey, Francis, welcome back.  We've missed your smiling face around here the last couple months.

Thu, 01/02/2014 - 16:30 | 4294164 Grande Tetons
Grande Tetons's picture

At least the new name fits. 

I was hoping he would come back as Mel Gibson. 

Thu, 01/02/2014 - 16:45 | 4294215 Seasmoke
Seasmoke's picture

Lighten up, Francis. 

Thu, 01/02/2014 - 17:36 | 4294421 Joe Davola
Joe Davola's picture

You're our big toe, Seasmoke!

Thu, 01/02/2014 - 19:28 | 4294745 Greenskeeper_Carl
Greenskeeper_Carl's picture

Don't call me Francis CALL ME PSYCHO! And I also don't like to be touched. Any of you touch me, and ill kill ya!

You were quoting stripes right?

Fri, 01/03/2014 - 02:02 | 4295763 StychoKiller
StychoKiller's picture

Watch it, I'm pretty tetchie about my moniker! :>D

Thu, 01/02/2014 - 18:01 | 4294479 Canoe Driver
Canoe Driver's picture

The New York establishment gave up Madoff because he was a Jew. Hundreds of Wasp bankers doing exactly the same thing. Not that I dispute your thesis that the Jews don't give a shit, just that no one at all gives a shit. P.s., I'm not Jewish (disclaimer for the ad hominem crowd.)

Thu, 01/02/2014 - 19:40 | 4294778 XitSam
XitSam's picture

Francis, you misspelled "joos".

Thu, 01/02/2014 - 16:19 | 4294153 NoDebt
NoDebt's picture

"I imagine the politicians are thinking, “Holy Cow! I can’t believe we just got away with that…”

Yeah, I'll second that.  That's why I know it's going to keep getting worse.

Thu, 01/02/2014 - 16:27 | 4294168 undercover brother
undercover brother's picture

may as well get your next years version of this story ready.  just change the dates to 2015, just like you did in for 2014.  same shit, different year.   

Thu, 01/02/2014 - 16:37 | 4294173 Kaiser Sousa
Kaiser Sousa's picture

nice how they got the Silver price back down under $20 after the close of the Crimex with no volume in the aftermarket...

fucking hilarious....


more for me assholes........

Thu, 01/02/2014 - 16:30 | 4294178 Dr. Engali
Dr. Engali's picture

"History is full of examples of entire nations that reached their breaking points… shouting from the rooftops “I’m mad as hell! And I’m not going to take it anymore!"


As long as people have their igadgets, a flatscreen teevee to watch their daily distraction, a place to publicize their ugly ass selfies that nobody gives a shit about, their monosodium glutamate enriched Cheetos, and their piss water they call beer, they will take whatever shit TPTB dish at them.

Thu, 01/02/2014 - 16:36 | 4294192 kaiserhoff
kaiserhoff's picture

What do you have against Clydesdale Piss?

Thu, 01/02/2014 - 17:34 | 4294423 NOTfromSanFrancisco
NOTfromSanFrancisco's picture




Thu, 01/02/2014 - 19:12 | 4294709 Cant see me
Cant see me's picture

Yup, but it is when they don't have that shit that scares me.

Thu, 01/02/2014 - 19:45 | 4294794 XitSam
XitSam's picture

I've been saying that people (middle America not FSA) will need to be hungry before they activate. Like two days without food hungry.

Unfortunately, they will demand that the government do something.

Thu, 01/02/2014 - 16:38 | 4294187 disabledvet
disabledvet's picture

I've been on script Version 7 of Lord of the Ding(bats) where Gandalf takes the Ring for himself and turns all the Hobbit Drarfs into a bunch of rampaging lunatics who cast all the other characters into the Ring of Fire then all get together for a good laugh at the end. Wanna here my pitch for Superman 2.0 "Ripe for the Taking"? (hint, contains the line "man of steal"...but you'll have to wait for the movie to see how it all turns out in the end.)

Thu, 01/02/2014 - 16:34 | 4294194 Dr.Evil
Dr.Evil's picture

Hey, they caught one crooked banker!

Too bad it's not Jamie, this guy stoled only 21M not T!

Thu, 01/02/2014 - 16:41 | 4294208 disabledvet
disabledvet's picture

that's not even bonus money. I would have given the guy a warning and told him slow it down next time. "this is a school zone ya know...that is a mighty fine Ferrarai though."

Thu, 01/02/2014 - 16:42 | 4294210 Zymurguy
Zymurguy's picture

The egos of the uber-elite / controlling cartels will be their undoing.  It's impossible for them to work in complete harmony and in sync amongst themselves, so each will inherently try to out do the others.  They WILL over do it and when they do the public will rise up and execute them.

Thu, 01/02/2014 - 16:48 | 4294223 Seasmoke
Seasmoke's picture

And you think the public will be in sync and harmony ????

Thu, 01/02/2014 - 16:53 | 4294254 El Vaquero
El Vaquero's picture

If shit goes BOOM, too many will have no clue what just hit them.  They won't know what to do without a strong personality telling them what to do.  Make of that what you will, but be prepared. 

Thu, 01/02/2014 - 17:21 | 4294337 Al Huxley
Al Huxley's picture

The public will rise up against whoever the propaganda machine tells them is responsible for their misery.  I don't know who the scapegoat will be but it won't be the biggest beneficiaries of this wealth transfer, that much I'm sure of.

Fri, 01/03/2014 - 04:37 | 4295879 TheReplacement
TheReplacement's picture

If you are in a poker game and you are wondering who the mark is...

Thu, 01/02/2014 - 16:45 | 4294214 Jonas Parker
Jonas Parker's picture

One thing the banksters will learn for sure - karma can be hell at payback time!

Thu, 01/02/2014 - 17:22 | 4294350 Al Huxley
Al Huxley's picture

Why does everybody keep thinking that the super-rich are going to pay for their crimes?  They own the fucking system, they're going to direct the energy and anger of the masses at some convenient scapegoat, from the safety of their gated palaces.

Thu, 01/02/2014 - 17:34 | 4294407 NOTfromSanFrancisco
NOTfromSanFrancisco's picture




Agreed... As they have been using scapegoats and scapegoat events very effectively for many years now...

It will take a supernatural event to derail the ubber 1%ers... Until then, keep looking over your shoulder... And overhead...

Fri, 01/03/2014 - 02:32 | 4295800 John_Coltrane
John_Coltrane's picture

What too many forget is that they die just as certainly as anyone else and they can't buy the most valuable of all things, time.  And like so many of lesser wealth, they will realize they never really lived-accomplished nothing of any impact.  And further, you can't take it with you!  So, I can't really envy them.

So, they OWN nothing.  Only great ideas and inventions transcend the finite human lifetime.  Anyone remember who built the Taj Mahal?

Fri, 01/03/2014 - 04:39 | 4295882 TheReplacement
TheReplacement's picture

Trump.  JK.

Thu, 01/02/2014 - 16:50 | 4294248 walküre
walküre's picture

Just remember, 2014 will be the greatest year yet. The script is in play. The propaganda is in hyperdrive. Every channel in every industrial nation is cheering the same tune. You better believe it! This is like "green shoots" on steroids. It has worked for the elite since 2009. Every step of the way. Every piece of propaganda was coordinated around the world and has given the elite more powers, more wealth and more dependent people and nations.

The pigs are soaked in paper and they're loving it! More and higher levels of Debt are making them bigger than ever.

99% own nothing and 1% own everything including resources, governments and trade.

Man is born free, and everywhere he is in shackles.

Still the same since Rousseau first said it

Fri, 01/03/2014 - 04:37 | 4295883 TheReplacement
TheReplacement's picture

Once the 1% own 100% the 99% will have nothing to lose.

Thu, 01/02/2014 - 16:55 | 4294251 akak
akak's picture

I'm mad as Hell and .... ooh, a new iPad!  Happy happy!

Thu, 01/02/2014 - 16:56 | 4294262 El Vaquero
El Vaquero's picture

The fun part of getting the iPad comes when somebody receives a little piece of paper that says SUMMONS at the top, and behind that is another paper that says things like "COMES NOW the Plaintiff, and his complaint for damages would state as follows:" and "ACCOUNT STATED" and "BREACH OF CONTRACT." 

Thu, 01/02/2014 - 17:11 | 4294297 PrecipiceWatching
PrecipiceWatching's picture

Those smart enough to be mad in the first place, at what is going down in this country, won't achieve succor with the transient, tactile thrill of caressing the smooth, glossy surface of a new Tablet.

Thu, 01/02/2014 - 17:20 | 4294331 akak
akak's picture

It puts the i-lotion on its skin or else it gets the reality hose again.

Thu, 01/02/2014 - 19:17 | 4294724 TheFourthStooge-ing
TheFourthStooge-ing's picture

i-lence of the lambs

Thu, 01/02/2014 - 17:06 | 4294292 smacker
smacker's picture

"Whether today or tomorrow, this year or next, there will be a reckoning. The system is far too broken to repair, it must be reset."

Totally agree.  I'm amazed that mass revolt has not yet begun. Perhaps it will take some small incident to tip the balance and fire the starting gun.

I would not wish to be one of the criminal fraudsters or charlatans in government when it does.

Fri, 01/03/2014 - 04:47 | 4295885 TheReplacement
TheReplacement's picture

You don't get it.  They know all (NSA).  They own all (banks).  They rule all (politicians).  They tell all (media).  They will decide when, where, and how the trigger event happens.  They will have a predefined scenario that puts the blame on the people who oppose them (us).  The people who rely on them (FSA) will be engaged in a witch hunt of epic proportions (think Rwanda).  Once we are gone there will be no stopping them as everyone who is left will have blood on their hands and be just as guilty as they are.  Justice on earth is a fleeting idea that is not a tangible object that can be held in your hand.

Fri, 01/03/2014 - 06:20 | 4295925 smacker
smacker's picture

I understand your point, but I don't believe that TPTB have that much control over the masses. Sure, they try to marshal public opinion and direct anger towards the dissenters but that is never fully successful.

That's why they're arming themselves. They're preparing for a showdown.

In case you missed it, places like ZH and other Internet forums are exposing the criminal nature of those in control of the levers of power: governments, bankers and countless agencies of the State. Take a look at some foreign countries like Egypt and elsewhere where they had not one revolution, but two when they realised the new boss was no better than the old boss. They were not going to get fooled by Morsi.

I am not too concerned about justice being done eventually. I am concerned about the tolerance that people show and the time it takes to begin the process of holding the criminals to account. I am more hawkish than the average and the delay simply allows corruption to become ever wider and more deeply entrenched.

Thu, 01/02/2014 - 17:17 | 4294319 moneybots
moneybots's picture

"It’s simply absurd to look at the situation objectively and presume this status quo can continue indefinitely"


Especially when

"The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals. The aggregate net worth of the world’s top billionaires stood at $3.7 trillion..."

while 47 million are on food stamps in the U.S.

Thu, 01/02/2014 - 18:12 | 4294501 SDShack
SDShack's picture

It's because 47 million people are on foodstamps that the Ponzi continues. Revolution will only happen after masses are starving in the streets. That will never happen with more and more on food stamps. The sociopaths have engineered the system to protect themselves at all costs. It's why we have never ending increases in food stamps, unemployment benefits, etc. The FSA gets bigger and bigger. Meanwhile, the sociopaths take steps just in case something unexpected happens to arouse the masses. Why do you think the NSA is spying on everyone? Why is the IRS extorting everyone? Why is the TSA stockpiling billions of rounds of ammo? Why is FEMA planning for trailer and tent cities? It's all to quash any uprising before it turns to revolution. The sociopaths are winning in creating the New Feudal Order. Kings and Queens will run everything, Lords will do their bidding from gated strongholds using state security, Serfs will survive in Potters Slums rented from TPTB, and the Chaff will be sent to FEMA camps or left to fend for themselves in demilitarized inner cities like Detroit. It's going to get worse, a lot worse, before it has even a chance to get better. I fear the world my 2 yr old grandson will grow up in.

Thu, 01/02/2014 - 18:36 | 4294580 donsluck
donsluck's picture

Didn't they just cut food stamps? Is it conspiracy or incompetence? I lean towards the latter.

Thu, 01/02/2014 - 18:19 | 4294518 A. Magnus
A. Magnus's picture

Those billionaires are ALSO members of the Free Shit Army: None of them are individual patent holders, developers of new manufacturing processes or creators of new goods and services. Most of their money is NOT subject to taxation like ours is. Their wealth and positions are the results of inbreeding, nepotism and corruption on a global mafia scale. Your average welfare recipient is a much smaller drain on society than a bunch of aristocrat fucktards riding the government handout gravy train...

Thu, 01/02/2014 - 17:31 | 4294409 alangreedspank
alangreedspank's picture

Regarding point #1, the fact that there are no consequences is not so much because people are apathetic and lazy but because the "social contract" does not contain any clauses enforcing consquences and sanctions should the government fail at anything or engage in anything criminal defined by so called contract.

When two firms sign a contract, they have SLA's. Should the service quality drop below a contract defined level, the provider has to cough up something as retribution to the client. If you don't have these clauses in a contract, it should not come as a surprise that the provider acts as an asshole and does not man up.

Now, ask the statists on each side to at least envision imposing "SLAs" on the state. You will not get many proposals...

Thu, 01/02/2014 - 18:25 | 4294551 A. Magnus
A. Magnus's picture

Social Contract, n., 1) Bullshit promoted by statists to sell gullible people on being run by a dominant bunch of criminals in suits and uniforms
2) A mythical construct, not unlike skittle-shitting unicorns and honest politicians

Fri, 01/03/2014 - 14:16 | 4297102 alangreedspank
alangreedspank's picture

Indeed. I think you could infer from what I've said that such a contract is a BS one.

Thu, 01/02/2014 - 18:18 | 4294511 22winmag
22winmag's picture

That's all well and good, but I'm not running away to Argentina.


I'm standing my ground like almost everyone else is.

Thu, 01/02/2014 - 18:27 | 4294549 icanhasbailout
icanhasbailout's picture

Key Lesson 5: don't drop the soap

Thu, 01/02/2014 - 18:29 | 4294553 lordbyroniv
lordbyroniv's picture

I think if you whiners just bought a Rothko, a Warhol or some Koons art you could join the 1 percent lickety split.


Just takes some initiative.

Thu, 01/02/2014 - 18:33 | 4294569 Sufiy
Sufiy's picture

And another lesson - Nothing Could be Hidden Anymore:

GATA: China gold chief confirms gold price suppression

GATA provides one more piece to our puzzle with Gold manipulation picture in place.

Thu, 01/02/2014 - 19:24 | 4294583 Chupacabra-322
Chupacabra-322's picture

"It’s actually a message of optimism. For the sooner these crackpot criminal politicians and their central banking ilk are stricken from power, the better off we’ll all be."

The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate will never relinquish Power & Control.

They would prefer The Sampson Option to mass arrests. Megalomaniacs.

It's Global Criminal system. Owned by Criminals & operated by Criminals.

Thu, 01/02/2014 - 18:39 | 4294595 Playtime's Over
Playtime's Over's picture

You know.....I love this country/or what it used to be. But I hold no ill will  towards another if they bail.  If one has decided it is a foriegn land, one different from the one they once know, and one that will never be as it was.......I thought the same thing about folks railing against those who did not vote for Romney.  I did, but now I see it differently.  Another Rino only extends the day of reckoning.  I still have some glimmer of hope Ocare can be a turning point but I have no illusions.  I can't accept another beat down in November. I'll become a cloistered monk and move to Costa Rica or something.

Thu, 01/02/2014 - 18:41 | 4294609 Kina
Kina's picture

Get that top 1% and ask for either 30% of their wealth or 30% of their body...their choice.

Thu, 01/02/2014 - 20:49 | 4294614 Johnny Cocknballs
Johnny Cocknballs's picture

Don't lose hope...I'm still a little surprised a little thing like public opinion was able to stop, or at least delay, or at least impact the ongoing US/NATO/Saudi war against Assad - I mean Obama doesn't even have to worry about re-election.

They may try bail-ins.... theyve already been willing to cut veterans benefits while simultaneously increasing foreign military aid.  But I think 2014 will bring more whispers of "debt repudiation".

In fact, I wish repudiation became a popular idea back in 2007 when masive hedge funds were fucking with risk assessment and metrics while getting wildly over-leveraged.

For example, you might want to look and see if your hedge fund's listed weighted average maturity is anything like what they say it is.  The role of using interest rate reset dates instead of actual maturity dates in the 2007/2008 crisis has been vastly under-rated and under-reported. 

Fuck 'em, and fuck this sort of system.  Why should everyone else have to kick in?

Well, 'why' is because the bubbles are intentional.  The Fed knows exactly what it is doing - and it really amounts to destroying smaller banks, consolidating power in the name of fixing economics, and generally swindling more wealth from the productive members of society.  

The idea that Bernanke, Krugman and Yellen are idiots is idiotic - they are brilliant spokespersons for the ongoing and accelerating theft.  They are magicians - they urge us not to look behind the curtain while making it all seem so complex that even people who studied genuine sciences couldn't possibly understand their field.

Fiat creation, fractional lending, and compound interest really only works one way in a system with finite energy/resources.  The fact that the top 5 or 6 banks are a lot better off now, and that there are fewer banks overall ought to tell you that the fed is doing exactly what its owners want which is as simple as wanting more power and profit - nothing especially unique or sinister about it, but letting the banks control the issuing power after 2008 means this country probably wants a collapse.

There will be repudiation, and then, there will be some 'solution' to all our problems.... a solution that will, of course, make things a lot worse.


The collapse is inevitable.  What's not inevitable is whether or not TPTB are able to use the collapse/crises to install their fix - whether its a global currency/SDR or a chip implanted in your head.  Bitcoin might be part of the answer but I doubt it.

Barter is better than bitcoin, imho.


edit:p.s.- a very short, very sexy paper from a few years back:

the rot goes all the way down - to the guy appraising a house for 30% over reasonable value, to the half ass math whiz doing the securitization, to the fuckwad hedge fund manager who will tell you with a straight face that interest rate duration and bond maturity are virtually the same thing.


it is the same fucking playbook for the wars, and for the next recession, just as it is for the debt ceiling.  America is so listless, obese and obtuse that there is no need to change plays from one quarter to the next - the oligarchs just stumble their way into our end zone, over and over and over.




Thu, 01/02/2014 - 18:47 | 4294621 Playtime's Over
Playtime's Over's picture

And I think you guys underestimate the power of a mob.  Most Americans don't know squat about the fed banking system but tell them we're going to kick some banker asss and watch the posse commence.

Thu, 01/02/2014 - 19:24 | 4294637 Stuck on Zero
Stuck on Zero's picture

There have been no revolts because the Kleptocrats are stealing from the middle class producers and there are not many of them.  They don't steal from the poor because they have nothing.  The middle class is getting shafted in this new globalist model and they are not the type of people who revolt.  They will disappear, however, and then only inflation will fill the bellies of the population.  Then it will be time to revolt.


Thu, 01/02/2014 - 18:54 | 4294652 Notarocketscientist
Notarocketscientist's picture

This is the only lesson to be learned from 2013 - we are totally fucking doomed.   The industrial age is ending ---- the age of famine and misery --- and die off of the species - is IMMINENT


No cheap oil = no food.  Because most of our food chain is based on cheap oil and gas --- from the machines that haul it to the fertilizers and pesticides used to grow it.  


Pulled from The Financial Times:


Toil for oil means industry sums do not add up

Rising costs are being met only by ever smaller increases in supply

The most interesting message in this year’s World Energy Outlook from the International Energy Agency is also its most disturbing.

Over the past decade, the oil and gas industry’s upstream investments have registered an astronomical increase, but these ever higher levels of capital expenditure have yielded ever smaller increases in the global oil supply. Even these have only been made possible by record high oil prices. This should be a reality check for those now hyping a new age of global oil abundance.

According to the 2013 WEO, the total world oil supply in 2012 was 87.1m barrels a day, an increase of 11.9mbd over the 75.2mbd produced in 2000.

However, less than one-third of this increase was in the form of conventional crude oil, and more than two-thirds was therefore either what the IEA calls unconventional crude (light-tight oil, oil sands, and deep/ultra-deepwater oil) or natural-gas liquids (NGLs).

This distinction matters because unconventional crude has a higher cost than conventional crude, while NGLs have a lower energy density.

The IEA’s long-run cost curve has conventional crude in a range of $10-$70 a barrel, whereas for unconventional crude the ranges are higher: $50-$90 a barrel for oil sands, $50-$100 for light-tight oil, and $70-$90 for ultra-deep water. Meanwhile, in terms of energy content, a barrel of crude oil is worth 1.4 barrels of NGLs.

Threefold rise

The much higher cost of developing unconventional crude resources and the lower energy density of NGLs explain why, as these sources have increased their share of supply, the industry’s upstream capex has increased. But the sheer scale of the increase is staggering: upstream outlays have risen more than threefold in real terms over the past 12 years, reaching nearly $700bn in 2012 compared with only $250bn in 2000 (both figures in constant 2012 dollars).

Coinciding with the rise in US tight-oil production, most of this increase in upstream capex has occurred since 2005, as investments have effectively doubled from $350bn in that year to nearly $700bn in 2012 (again in 2012 dollars).

All of which means the 2013 WEO has the oil industry’s upstream capex rising by nearly 180 per cent since 2000, but the global oil supply (adjusted for energy content) by only 14 per cent. The most straightforward interpretation of this data is that the economics of oil have become completely dislocated from historic norms since 2000 (and especially since 2005), with the industry investing at exponentially higher rates for increasingly small incremental yields of energy.

The industry has been able and willing to finance such a dramatic increase in its capital investment since 2000 owing to the similarly dramatic increase in prices. BP data show that the average price of Brent crude in real terms increased from $38 a barrel in 2000 to $112 in 2012 (in constant 2011 dollars), which represents a 195 per cent increase, slightly greater in fact than the increase in industry capex over the same period.

However, looking only at the period since 2005, capital outlays have risen faster than prices (90 per cent and 75 per cent respectively), while in the past two years capex has risen by a further 20 per cent (the IEA estimates 2013 upstream capex at $710bn versus $590bn in 2011), while Brent prices have actually averaged about $5 a barrel less this year than in 2011.

Iran not a game changer

That prices have fallen slightly since 2011 while capex has risen by a further 20 per cent is a flashing light on the industry’s dashboard indicating that its upstream growth engine may finally be overheating.

Without a significant technological breakthrough reversing the geological forces that have driven the unprecedented increase in upstream investment over the past decade, prices will have to rise further in real terms from here or else capex – and with it future oil production – will fall.

It should also be emphasised that this vast increase in capex has occurred during a prolonged period of record-low interest rates. Once interest rates start rising again, this will put further pressure on the industry’s ability to make the massive capital outlays required to keep supply growing.

Of course, the diplomatic breakthrough achieved with Iran over the weekend could provide some much needed short-term relief to the market, as Iran’s exports could ultimately increase by up to 1.5m barrels a day if and when western sanctions were to be fully lifted. But this would not change the dynamics of the industry’s capex treadmill in any fundamental sense.

Even if global oil demand only grows at 1 per cent a cent a year, those extra barrels would be would be fully absorbed by the market within about 18 months. And that is probably how long it would take for Iran’s production and exports to return to pre-sanctions levels in any case.

Alternatively, if we take the IEA’s estimate that global production of conventional crude oil from all currently producing fields will decline by 41m barrels a day by 2035 (that is, by an average of 1.9m barrels a day per year), then Iran’s potential increase of 1.5m barrels a day would compensate for just 10 months of natural decline in global conventional-crude output.

In short, behind the hubbub of market hype about a new age of oil abundance, the toil for oil is in fact now more arduous and back-breaking than ever.

This should worry everybody, because with the evidence suggesting that consumers are reluctant to pay much above $110 a barrel, it is an open question what happens next to the industry’s investment plans and hence, over time, to the supply of oil.

Mark Lewis is an independent energy analyst and former head of energy research in commodities at Deutsche Bank; Daniel L Davis, a lieutenant colonel in the US Army, is co-author


Thu, 01/02/2014 - 19:31 | 4294753 Cant see me
Cant see me's picture

Without a significant technological breakthrough reversing the geological forces that have driven the unprecedented increase in upstream investment over the past decade


Interesting point, I wonder if there is another "fracking" breakthrough out there just waiting for the price to go up enough to bring it on?

Fri, 01/03/2014 - 04:38 | 4295881 prmths2
prmths2's picture

At some price point methane hydrates will become economically viable as a hydrocarbon source.

Thu, 01/02/2014 - 19:01 | 4294676 lex parsimoniae
lex parsimoniae's picture

"And yet, there have been ZERO consequences. Citizens have been trained like caged animals to simply roll over and acquiesce. I imagine the politicians are thinking, “Holy Cow! I can’t believe we just got away with that…”

Dear Simon Black

You are mistaken to think that there have been no consequences. TPTB have 'gotten away' with far less than they think, every action has consequences and though the blowback may not yet be visible, it is real and gathering nonetheless. Successful business owners, who are responsible for the majority of US economic activity, are not stupid nor are we hobbled by normalcy bias.

The day of reckoning will come.

Thu, 01/02/2014 - 19:12 | 4294717 Last of the Mid...
Last of the Middle Class's picture

Ultimately, you take a subject. Not any subject, but one that can divide. One that is closely attached to an opinion, your opinion. You magnify this subject through constant press attention such that any other opinion is intolerable. Someone with a different opinion is dismissed, thrown on the trash heap of people that are not worthy simply because they don't share your opinion. This is how you control a population. Pick the subject that will divide. It must be a subject that disperses the people with a common goal who may become a threat your power and control. Better yet pick multiple subjects, all such that they do the same thing. Divide those that may come together to usurp your power and authority, especiallty if your actions by your authority are unreasonable and not of sound character as they relate to the ideals of the republic in which you operate. We're all mushroom being fed crap and left in the dark as to what is really happening finincially in this country and on this planet. 

Thu, 01/02/2014 - 19:29 | 4294747 Son of Captain Nemo
Son of Captain Nemo's picture

Add this message to the mix.

Well written and says it like it is about this Country that is doing all of the harm to the rest of the World.
Thu, 01/02/2014 - 19:31 | 4294750 enloe creek
enloe creek's picture

went backpacking. ate noodles and tuna and nut bars after I got done had a arby's roast beef sandwich.  arby's was really good after a few days of backpack food.  I am saying the stress of not having real nice hot food is going to really send people over the edge, not being without food even just not having the comfort is a real mood alterer if you are not doing it for recreation but are forced to deal with it. I don't think we are going to like what is comming one damm bit.

Thu, 01/02/2014 - 19:56 | 4294821 BuddyEffed
BuddyEffed's picture

"But then again, it’s not their money at risk. It’s yours."

Well, technically, a lot of the money is neither theirs or yours.  It's newly created/quantified easily money that didn't exist a moment ago.  Oh, but wait, that money competes with your money for real things right now?  Oh shit.  That's insidious.

Thu, 01/02/2014 - 20:06 | 4294856 BuddyEffed
BuddyEffed's picture

"It’s actually a message of optimism. For the sooner these crackpot criminal politicians and their central banking ilk are stricken from power, the better off we’ll all be."

If the strickening includes a need for those stockpiled potassium iodide pills, due to no maintenance on the various SFPs for any of various economic reasons, then those are not the droids you are looking for and it's wont be "the better off we'll all be".

Thu, 01/02/2014 - 21:47 | 4295185 Xanadu_doo
Xanadu_doo's picture

"This isn’t normal. This is not how a free society is supposed to function."


How long has it been since we were a free society?

I forget if it was 1913, 1973 or 2001...

When is open for debate, but not the 'freedom' thing. that's long gone now.

Thu, 01/02/2014 - 22:12 | 4295261 Playtime's Over
Playtime's Over's picture

Andrew Jackson is my hero.  Gawd, he would kick shit out of resident Creamy and have time for his mint julips.  Sorry, what were we talking about.

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