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Greed Is Good? Where Will America's Sick Obsession With Wealth And Money End?

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

Everywhere you look, Americans appear to be extremely obsessed with wealth and money.  These days, networks such as CNN endlessly run "news stories" with titles such as "Best cars for the super rich".  We have television shows where people proudly show off how wealthy they are, and it seems like Hollywood is putting out an endless parade of movies that glorify the lifestyles of the elite.  We have hordes of motivational speakers and "life coaches" that will teach you how to be "more successful" in life, and every small movement in the stock market is carefully monitored by the mainstream news media.  Even in the world of faith, we have an entire class of ministers known as "prosperity preachers", and many of those ministers wear that label quite proudly.  Yes, those that grew up in the 1980s may have been the "greed is good" generation, but the truth is that they didn't have anything on us.  As a society we love money, and we are not ashamed to admit it.  In fact, there are times we absolutely revel in it.  For example, Time Magazine published an article this year entitled "Science Proves It: Greed Is Good" and hardly anyone even raised an eyebrow.  But where will America's sick obsession with wealth and money end?  Could it end up destroying us?

I got the idea for this article when I was browsing through CNN's website.  The following are eight "news stories" about wealth that were featured on CNN just on Thursday alone...

#1 "The richest Americans in history"

#2 "How much do you need to be happy?"

#3 "Where are the super rich?"

#4 "From broke to billionaire"

#5 "Homes: What $25 million buys around the world"

#6 "Best cars for the super rich"

#7 "America's homes are bigger than ever"

#8 "Mega yacht with a movie theater"

This is what passes for news these days?

It has been said that we tend to talk about the things that we are obsessed with.

And CNN is clearly obsessed with wealth.

Not that there is anything wrong with having money.

If none of us had any money, we would all be homeless and starving.  So the truth is that money can be very useful.  But when it becomes an idol, that is when it becomes a problem.

And because we have taught entire generations of Americans that becoming wealthy is one of the primary goals in life, it is creating a tremendous amount of envy, jealousy, frustration and anger among those that have not been able to become wealthy.

In recent years, the level of bitterness and resentment that the rest of the nation has toward the very wealthy has risen to an unprecedented level.  It has become exceedingly apparent that the system is designed to funnel wealth to the very top of the food chain, and many of those at the bottom of the food chain are starting to become extremely upset about this.

Since the last financial crisis, almost all of the income gains have gone to the top one percent of all income earners.  The following comes from a recent Huffington Post article...

Economic statistics show that incomes for the top 1 percent of U.S. households soared 31 percent from 2009 through 2012, after adjusting for inflation, yet inched up an average of 0.4 percent for those making less. Many economists are sounding alarms that the income gap, greater now than at any time since the Depression, is hurting the economy by limiting growth in consumer spending.

And income inequality has become such a hot topic that it has even produced a New York Times bestseller by a French economist named Thomas Piketty.  This is what CBS News recently had to say about his book...

His book has landed on that debate like a bomb. Piketty's thesis: that the rate of return on capital, such as real estate, dividends and other financial assets, is racing away from the rate of growth required to maintain a healthy economy. If that trend continues for an extended period of time -- if wealth becomes ever more concentrated in the hands of a few -- then inequality is likely to get worse, says Piketty, 43, who started his academic career as an assistant professor at the Massachusetts Institute of Technology and who now teaches at the Paris School of Economics.


Another reason "Capital" has caught the public's attention is that inequality is evident in what are by now a host of familiar symptoms. Stagnant pay, except among the super-rich. Soaring health care and education costs. The diminished expectations commonly found in young, especially those lacking college degrees, and old alike, as retirement becomes something to endure rather than to enjoy.

It would be foolish to deny that the gap between the rich and the poor is growing.  Even as the stock market reaches unprecedented heights, the middle class is dying and one out of every five children in America is living in poverty.

On a global scale, the wealthiest one percent now have 65 times more wealth than the entire poorest half of the global population does.

That is an astounding figure.

Most people don't realize this, but the ultra-wealthy have approximately 32 trillion dollars (that we know about) stashed in offshore banks around the planet.  That amount of money would almost be about enough to pay off the entire U.S. national debt and buy every good and service produced in the United States for an entire year.

Meanwhile, the poorest half of the world's population only owns about 1 percent of all global wealth, and about a billion people throughout the world go to bed hungry every night.

If greed was going to save the world, it would have done it by now.  At this point, the wealthy have accumulated more wealth than they ever have before.  For example, according to Zero Hedge the total amount of wealth in the U.S. has just hit a brand new record high...

Earlier today the Fed released its latest Flow of Funds report, which showed that in the first quarter household net worth rose from last quarter's $80.3 trillion to a new record high of $81.8 trillion, driven by a $1.5 trillion increase in total assets while household liabilities were virtually unchanged in the quarter. And since the Fed is onboarding all the liabilities why should households bother with debt: that's what the central bank balance sheet is for.


As for the proceeds, they go to the mega rich: of the $81.8 trillion in net worth, 70.4% of the total amount or $67.2 trillion, was in financial assets: the higest it has ever been courtesy of just one person: Ben Bernanke, and to a far lesser extent Janet Yellen who however is tasked with picking up Bernanke's pieces.

But of course most people who are rich are only rich on paper.

As noted above, 67.2 trillion dollars of the total of 81.8 trillion dollars of wealth in this nation is made up of financial assets.

So what happens if there is a major financial crisis (such as the derivatives bubble bursting) which causes the total amount of financial wealth in the United States to drop by 50% or more?

What would such an event do to our country?

We are so obsessed with wealth and money that it is truly frightening to think about how we would react as a society if it was taken away.

But this current financial bubble will not last forever.

At some point it will come to an end.

When it does, will our society throw a massive temper tantrum?


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Fri, 06/06/2014 - 21:40 | 4831757 WMM II
WMM II's picture

"Greed Is Good? Where Will America's Sick Obsession With Wealth And Money End?"



tomorrow at 6 p.m. pacific daylight savings time.




Fri, 06/06/2014 - 21:52 | 4831772 CH1
CH1's picture

When one lacks meaning in their life, status is the replacement... and money allows them to demonstrate status.

May as well be baboons... almost, anyway.

Fri, 06/06/2014 - 22:18 | 4831821 Xibalba
Xibalba's picture

What does one expect from Cuomo News Network? 

Fri, 06/06/2014 - 22:34 | 4831843 0b1knob
0b1knob's picture

Definition of irony: Zero Hedge site obsessed with greed wealth and money criticizes Americans for being obsessed with greed wealth and money.

Fri, 06/06/2014 - 22:46 | 4831848 kaiserhoff
kaiserhoff's picture

Whoever wrote this piece, and whoever posted it, should try living without money for a month, or doing a real job.

Maybe then, they would understand.  New York and Hollywood worship money.  The rest of America, does not.

Fri, 06/06/2014 - 22:57 | 4831867 NidStyles
NidStyles's picture

Pretty sure the folks on the river worship their strips of paper as well. After all they are the ones that created the legal tender laws. 

Sat, 06/07/2014 - 00:19 | 4831976 macholatte
macholatte's picture



Greed - ONLY in America

Envy -  ONLY in America

Avarice -  ONLY in America

Sloth - ONLY in America

Lust - ONLY in America

Gluttony - ONLY in America


Everywhere you look, Americans appear to be extremely obsessed with wealth and money. 


Maybe it’s everywhere YOU look, Snyder.  Maybe you need to get out more often.

Sat, 06/07/2014 - 01:06 | 4832018 COSMOS
COSMOS's picture

The big economic boom happened because the rest of the world was nearly back in the stone age after WW2, from Europe to Asia, now with their resurgence we were still doing ok because of the reserve status of the dollar even though we lost most of our manufacturing and we quote unquote thrived in a service economy.

When the dollar is forced to come home we will be looking at a country with close to 500 million people and not much industry to keep most of them employed.  Without a reserve currency the service economy is a bunch of bull.

So we will be no different than any other asian country with a large population of people just scraping by.  And all that 'growth' in the population will be like a sword hanging over our heads as we will have rampant crime to go with the rampant poverty.  Detroit is a cancer that is spreading.

Expect women to become even more selective and go all out for any guy making a decent income, no matter what the age, just like in South America.  Except it wont be just goldiggers as it is now here, but rather your pretty girl next door who doesnt want to be in poverty and will say adios to the high school sweetheart as she is now in search of security.

Sat, 06/07/2014 - 01:54 | 4832054 NidStyles
NidStyles's picture

That last part about females and income security is already occuring in a lot of areas. 


I don't think some of you really understand how far along this down slope the US already is. Culturally the collapse has already occured. Now we are literally just waiting for it to occur in the monetary arena, which the fed is fighting off with it's life, because you can be sure the fed is dead after this next crash. 


Sat, 06/07/2014 - 02:33 | 4832063 chumbawamba
chumbawamba's picture

I say we're heading back to harems.  If you women want a truly good man you're going to have to get used to some company because there aren't enough to go around.  A great many American males have been emasculated over the past couple generations.  We have a bunch of naive and scared boys running around out there, with no idea what the fuck they are doing.  Some don't even know how to fix a flat.  I saw this kid wearing these boots the other day:

Look, I appreciate personal expression, but those express the idea that you're kinda faggy and are kinda useless, which is what this kid was.  No self-respecting male would--or should--wear those.

But I digress, I really wanted to point out what a tool Snyder is:

If none of us had any money, we would all be homeless and starving.  So the truth is that money can be very useful.

Yes.  Money is useful, because if we didn't have it, we'd all be sitting there dumbstruck wondering how the fuck we are going to find anything to put in our belly.  Why all of human existence would come to a sudden halt.

I am Chumbawamba.

Sat, 06/07/2014 - 05:42 | 4832127 NidStyles
NidStyles's picture

As a guy in my mid-30's I deal with a lot of younger guys, and I have seen some of them in action. I am not impressed with the younger generations. Most of them have to be told how to do something rather than figuring it out on their own. The rest couldn't put a socket on a ratchet if you showed them how. Don't get me started with how prissy some of them are about getting dirty.... I spent 3 months without taking a real shower, and most of these kids can't go more than a day without at least two and being bitchy if they can't. The perfume they wear as well. I have cologne for when I dress up for the wife, but these boys wear this stuff like French whores... The video games, the BS, the.... I could go on for days. I think the thing that bugs me the most is how consumed they are with their own physical image, like a bunch of pre-madonnas checking each other out and staring at each other's photos...  

 I honestly think this guy is talking about his own personal motives in the economy. I know a lot of people that do not really care about money, and they are probably the first people to help out a friend in need.

Sat, 06/07/2014 - 07:34 | 4832173 crazzziecanuck
crazzziecanuck's picture

Every generation always thinks the next one is lazier than itself.

Wonder where they are learning it from?

Sat, 06/07/2014 - 09:23 | 4832246 markmotive
markmotive's picture

They tried eliminating greed in USSR. Didn't work out so well.

There will always be the super-rich. No matter what system you enforce.

Super Rich Greed Game

Sat, 06/07/2014 - 12:36 | 4832572 MansaMusa
MansaMusa's picture

True but the super rich is larger than ever now and so is the poor.  No more middle class, they'll be the ones who are neither super rich or destitute.

Sat, 06/07/2014 - 14:09 | 4832763 James_Cole
James_Cole's picture

Ya know, there's a difference between greed & fantasy, something the author has a tough time distinguishing between.

Wal-mart family pulling in absurd money whilst stealing from taxpayers + paying their employees a pittance = greed.

People on cnn looking at $25m houses = fantasy. 

Also amusing to see zh'ers going on about how awful the new generations coming up are. The ones on tv seem entirely useless (isn't that always the case?) but the real ones out there in the world are seriously smart kids.

There will always be stupid kids too, but when you look at the type of science prizes this up and coming generation is winning it's shocking.  

Sat, 06/07/2014 - 17:25 | 4833142 TheAnswerIs42
TheAnswerIs42's picture

What's the matter with kids?

Who wants respect from a 10 year old?


Sat, 06/07/2014 - 09:24 | 4832247 mvsjcl
mvsjcl's picture

The Selfie Generation.

Sat, 06/07/2014 - 10:26 | 4832300 thestarl
thestarl's picture

Children of the baby boomers want it all and now.

Sat, 06/07/2014 - 13:06 | 4832628 mvsjcl
mvsjcl's picture


Sat, 06/07/2014 - 07:14 | 4832167 Jstanley011
Jstanley011's picture

If I had no money, I'd be having to figure out how to barter my native genius for a quarter pounder with cheese...

Sat, 06/07/2014 - 08:10 | 4832194 Marco
Marco's picture

" I saw this kid wearing these boots the other day"

Is this really much worse than the Reeboks with air pumps the kids of the generation before them wore? Also lets not forget the mods, teddy boys, beatniks, greasers etc etc etc of old. I'm not saying nothing is getting worse, but to pick on fashion is to put on massive rose coloured glasses. We have some fucking retarded stuff in our (personal) pasts.

Sat, 06/07/2014 - 09:35 | 4832254 detached.amusement
detached.amusement's picture

mullet ftw!

Sat, 06/07/2014 - 11:56 | 4832437 PT
PT's picture

Long hair, paisley and flares?

Sat, 06/07/2014 - 12:38 | 4832578 MansaMusa
MansaMusa's picture

Reebok pumps inspired one to be atheltic and jump high.  What do winged biker boots inspire?...

Sat, 06/07/2014 - 09:02 | 4832226 sessinpo
sessinpo's picture

macholatte    Greed - ONLY in America

Envy -  ONLY in America

Avarice -  ONLY in America

Sloth - ONLY in America

Lust - ONLY in America

Gluttony - ONLY in America

 Everywhere you look, Americans appear to be extremely obsessed with wealth and money. Maybe it’s everywhere YOU look, Snyder.  Maybe you need to get out more often.


Greed only in America. Complete BS. Greed exists from the West to the East. From Christianity to Mulism and Agnostics to Athiests.

Avance only in America? How many palaces do various dictators in their nations? Again BS.

Sloth - ONLY in America, again BS. Sloth is for the progressive weak that are dependent on government and socialism.

Lust - ONLY in America. Once more BS. The muslim nations lust for the wealth of nations they do not control.

Gluttony - ONLY in America. And the Sultan, with slaves is an example that show the statement false.

If only America has these problems, and I don't deny America does, then why are there countless examples around the world that suggest that absurd amount of greed is not just America's problem. It is a fundamental problem, a character problem such as a psychopath, that effects some people around the world, not just America.




Sat, 06/07/2014 - 09:35 | 4832255 detached.amusement
detached.amusement's picture

how can you not imply a sarc tag on those things ooooonly being in america ;)

Sat, 06/07/2014 - 00:38 | 4832001 Abitdodgie
Abitdodgie's picture

The rest of America will do anything for money.

Sat, 06/07/2014 - 01:15 | 4832030 NidStyles
NidStyles's picture

No, I won't.

Sat, 06/07/2014 - 09:07 | 4832229 sessinpo
sessinpo's picture

 Abitdodgie    The rest of America will do anything for money.


I will do anything to get by that doesn't break the law or breaks my religious belief. Does that make me greedy? To some it would.

Sat, 06/07/2014 - 06:13 | 4832136 caShOnlY
caShOnlY's picture

Whoever wrote this piece, and whoever posted it, should try living without money for a month, or doing a real job

that is coming to almost all america.  that IS the point of the article.  Greeeeeeeed!

Sat, 06/07/2014 - 07:07 | 4832165 Lost My Shorts
Lost My Shorts's picture

I tend to agree about the irony part.  For a lot of the ZH faithful, Ayn Rand is like Allah and Mohammed rolled into one, and Atlas Shrugged is the Koran.  Is greed good?  What a stupid question !!  Of course it's good.  Not only is greed good, it's the only thing that is good.  Whoever has the most toys wins, and if anyone takes your toys away, go galt.

Sat, 06/07/2014 - 09:39 | 4832258 detached.amusement
detached.amusement's picture

nothing wrong with having a lot of toys so long as you've honestly earned the steam to get 'em.  I dont know what makes a babboon happy, but I'm sure he does...and he may or may not operate by a code of ethics.  when the code of ethics is gone in favor of accumulation by any means, that's when it becomes a problem.


for a lot of people that have problems with rand, half of the problem is the angle they're viewing the prism from.

Fri, 06/06/2014 - 22:19 | 4831824 Ignatius
Ignatius's picture

Words and concepts like proof, truth and evidence have lost their meaning in this Age of Advertising.  All political issues are reduced to a Coke vs Pepsi where the only thing that matters in the end is who sold more product.  In war time it's understood that the primary/only concern is winning and if that requires propaganda (lies) then so be it.  The Age of Advertising is like a never ending, amoral war.  "Truth is for losers", if you will.

Fri, 06/06/2014 - 22:29 | 4831825 Dick Buttkiss
Dick Buttkiss's picture

"If none of us had any money, we would all be homeless and starving."

Nonesense. For 95% of homo sapiens' existence, our species had neither money nor property and was not only free but free to learn:

We will either do so again — though in technologically advanced fashion — or self-destruct.  


Fri, 06/06/2014 - 22:38 | 4831846 Seek_Truth
Seek_Truth's picture

Nonsense. For 95% of...

Indeed, learn to survive, which our ancestors did very well, or we would not be here. It's one part knowledge, one part faith.

Sat, 06/07/2014 - 00:26 | 4831986 Otrader
Otrader's picture

A lot of people can't do that.  We've been programmed to feel good only thru consumerism. 

Sat, 06/07/2014 - 17:21 | 4832204 Dick Buttkiss
Dick Buttkiss's picture

That we have, and we all live Under the Dome accordingly, the world's nation-states — which are nothing but organized plunder — having reduced the world's populations to farm animals to be milked, sheared, and slaughtered for the sole purpose of serving the interests of the tiny few who control them.

Such is my faith in the galloping advance of technology, however, that I believe humanity will break out of the Dome, with the Internet and now “The Internet of Money” — — leading the charge.  

And simply put, once money and power are returned to the people, the nation-state — which is based solely on their acquisition — will be no more, and humanity will be “free at last” to fulfill its all but limitless potential.

Until then, the state can kiss my ass.

Sat, 06/07/2014 - 08:20 | 4832200 Marco
Marco's picture

Something has changed though ... in this day and age you would have to add a couple of parts steeling someone else's stuff.

There is no more land to homestead.

Sat, 06/07/2014 - 00:19 | 4831978 mc225
mc225's picture

indeed, 'everybody' is chasing dollars, but 'few people' actually ever think about where/how the dollars originated. it's a 'dollar chase' with no consideration for what dollars actually are. ...and, so many people use the terminology 'make money' when in truth only a select few ever 'make' money; most everyone else is left to chasing/grubbing/hustling/earning dollars, but the vast majority of people never actually 'make money' under this dollar regime.

Fri, 06/06/2014 - 22:33 | 4831840 Harbanger
Harbanger's picture

The only sick obsession I see is with the dumb fuckers who, regardless of thousands of years of recorded human history, still believe the Gov. can fix something.

Fri, 06/06/2014 - 23:02 | 4831872 nmewn
nmewn's picture

Disregard the smoldering villages, salted fields, the bloated bodies on the roadside...and whatever you do, don't look inside the buildings still standing, its a work in "progress".

They seem quite confident they'll get it right ;-)

Fri, 06/06/2014 - 23:36 | 4831917 Omegaman2211
Omegaman2211's picture

Fix something? Fuck, I'm amazed people still think it should exist at all.

Sat, 06/07/2014 - 00:20 | 4831977 Indian_Goldsmith
Indian_Goldsmith's picture

you people really dont understand what govt is, let me just tell u it will always exist. always.

You may think you know what i mean to say through the above statement, but i mean to say the opposite of what u think i mean to say

Sat, 06/07/2014 - 01:27 | 4832039 NidStyles
NidStyles's picture

No, you are incorrect, the state will always exist. Government is merely an externalization of what the state is and can only exist if a given society is forced to particpate in building up the state even against their best interests and wishes.

In other words, what you are saying is that slavery will always exist, but that simply is not the case, and it's only people like yourself that promote that idea and keep it alive. You are a would be "master" in other words. 



Sat, 06/07/2014 - 08:23 | 4832203 Marco
Marco's picture

So what is the alternative? Anarchism I guess?

Certainly not the Rothbardian insanity which claims to be anarchist in nature. A private land owner with a private security force is still a government ... that I can pick a lot of such governments to enslave myself to changes nothing.

Sat, 06/07/2014 - 09:15 | 4832238 sessinpo
sessinpo's picture

Indian_Goldsmith    You may think you know what i mean to say through the above statement, but i mean to say the opposite of what u think i mean to say


There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.

Fri, 06/06/2014 - 22:35 | 4831842 Seek_Truth
Seek_Truth's picture

"Greed Is Good? Where Will America's Sick Obsession With Wealth And Money End?" -  "tomorrow at 6 p.m. pacific daylight savings time."

No actually, but not much longer:

Verse 25 needs to be explored in more depth- verse 26 has been sufficiently fulfilled in countless ways, for instance:

“There will be signs in the sun, moon and stars. On the earth, nations will be in anguish and perplexity at the roaring and tossing of the sea. 26 People will faint from terror, apprehensive of what is coming on the world, for the heavenly bodies will be shaken. - Luke 21:25-26


29 “Immediately after the distress of those days

“‘the sun will be darkened,
    and the moon will not give its light;
the stars will fall from the sky,
    and the heavenly bodies will be shaken.

30 Then will appear the sign of the Son of Man in heaven. And then all the peoples of the earth[c] will mourn when they see the Son of Man coming on the clouds of heaven, with power and great glory.[d] 31 And he will send his angels with a loud trumpet call, and they will gather his elect from the four winds, from one end of the heavens to the other.

32 “Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. 33 Even so, when you see all these things, you know that it[e] is near, right at the door. 34 Truly I tell you, this generation will certainly not pass away until all these things have happened. 35 Heaven and earth will pass away, but my words will never pass away. - Matthew 24:29-35


12I watched as he opened the sixth seal. There was a great earthquake. The sun turned black like sackcloth made of goat hair, the whole moon turned blood red, 13and the stars in the sky fell to earth, as figs drop from a fig tree when shaken by a strong wind. 14The heavens receded like a scroll being rolled up, and every mountain and island was removed from its place.

15Then the kings of the earth, the princes, the generals, the rich, the mighty, and everyone else, both slave and free, hid in caves and among the rocks of the mountains. 16They called to the mountains and the rocks, “Fall on us and hide usf from the face of him who sits on the throne and from the wrath of the Lamb! 17For the great day of theirg wrath has come, and who can withstand it?” - Revelation 6:12-17


A Solar eclipse occurs when the Earth, Moon and Sun line up (in that order). This causes the Moon to stand in the Sun’s way (from an Earthly viewpoint).

A Lunar eclipse occurs when the Sun, Earth and Moon line up (in that order). This causes the Earth to cast a shadow on the Moon (from an Earthly viewpoint).

Both Solar and eclipses have three types- Partial, Annular, and Total.  Partial eclipse is where only a part of the Sun or Moon is obscured. Annular eclipse occurs when the center of the Moon or Sun is obscured, but a ring of brightness shines around it. Total eclipse is as one would think- the Sun or Moon is COMPLETELY obscured.

The type that would correspond to Biblical prophecy would have to be TOTAL Solar and Lunar eclipses.

Another important point to keep in mind, to narrow down which eclipses would fulfill Bible prophecy, is that these eclipses would be observable from the lands of the Bible itself- Israel and surrounding lands.

There are plenty of Total Solar eclipses and Total Lunar eclipses that we can find occurring since Christ’s sacrifice. But what we are looking for here are eclipses that follow these criteria:

1.      Only TOTAL eclipses are candidates for Prophetic fulfillment.

2.      Total Lunar eclipse must FOLLOW a Total Solar eclipse.

3.      Both conditions must be observable from lands of the Bible (Israel and surrounds).

“The sun turned black like sackcloth made of goat hair” - There will be a TOTAL Solar Eclipse that fits these criteria on March 20, 2015:

“the whole moon turned blood red” (Revelation 6:12)- Followed by a TOTAL Lunar eclipse that fits these criteria on April 4, 2015:

What is really unusual about these events is that this Total Solar eclipse occurs on the same day as the Spring Equinox (March 20, 2015). – AND- this Total Lunar Eclipse (April 4, 2015). occurs on the eve of the Lord’s Last Supper, on Passover!

Really amazing, especially when one considers all the other prophetic clues that have happened in fulfillment of the other items associated with this prophecy. But what of the “the stars in the sky fell to earth”? (Revelation 6:13)

The Perseid Meteor Showers begin in mid July, 2015, and reach their peak on August 12, 2015:


Fri, 06/06/2014 - 22:42 | 4831849 Harbanger
Harbanger's picture

When you walk with God there is nothing to fear.

Fri, 06/06/2014 - 22:57 | 4831869 Seek_Truth
Seek_Truth's picture

Amen, Harbanger!

Fri, 06/06/2014 - 23:49 | 4831938 piceridu
piceridu's picture

When I walk with Joe Pesce, there's nothing to fear. 

Sat, 06/07/2014 - 02:14 | 4832061 Tigg47
Fri, 06/06/2014 - 23:54 | 4831945 NuckingFuts
NuckingFuts's picture

The only thing I fear is Keyser Soze

Sat, 06/07/2014 - 00:20 | 4831974 LetThemEatRand
LetThemEatRand's picture

The only thing I fear is people who believe they know the one true God.  They tend to kill a lot of people, subscribe to black and white ideologies, etc.

Sat, 06/07/2014 - 01:10 | 4832027 PT
PT's picture

You shouldn't listen to the braggart with the megaphone at the pub.

If you want to know what it takes to win the race, you need to get out of the pub and go to the track and meet the guy who gets the trophies.

Sat, 06/07/2014 - 04:29 | 4832103 Andre
Andre's picture

Yep, just like those fine, upstanding Christians Mao, Stalin, Hitler, Pol Pot, and Netanyahu.


Sat, 06/07/2014 - 23:09 | 4833648 StillSilence
StillSilence's picture

Or there are and have been a handful of powerful people who deliberately commit these acts in the name of GOD to give this appearance of evil coming from religion or a belief in a/the god....I'm cannot be sure, but it's not a bad cover for disguising the evil on the front and back ends.

I'm certainly not preaching as I'm not religious as I really don't understand it. Sure there may be some truth in the stories and some (generally obvious) good practices taught, but the stories are clearly unverifiable from our collective non secular existence ex have here and the positive teachings seem inherent. I fail to believe anyone needs a guide or a group to offer the ideas of not harming or defrauding our fellow man. In fact it feels like so many of those involved with organized religion miss seeing, acknowledging or acting against the largest and most blatant you really practice what you preach, kinda thing....maybe that's just everyone though or maybe that's just part of religions purpose for its creators?

It does seem like there may be a grand design to all this and hence a god, but this doesn't really change our collective societal interactions, and for the purposes of life on this planet that's all that matters. I can think and experience whatever I like in my mind just as anyone else can, but all that matters between us is how we affect one another....this story is true, that story is false, the real god is called this or that, blah blah this is all pointless as long as we have hoards of clear as day corruption. If your apartment building was being robbed every night and no one that livd there did anything because they were all studying how to have eternal life or a pure soul or something you would think they are clueless or insane.

I'm really not even suggesting the bigger picture isn't important, but it's really just an idea and speculation. Even if you KNOW that aliens or angels or demons or whatever else actually exist, how do you have a clue what is after or beyond those things? What's real? How do you know heaven is heaven? what, you can't change or influence that ( I'm pretty sure anyway) from this life here, but you can change some things here. Just as you can help or ignore and injured child in the street, you can care or not care about anything that's going on HERE.

Theoretically, the large scale corruption could be stopped by those in control of it learning a simple contentment from this life and not desiring such greed and control OR enough of the oppressed rally realizing and not allowing it. Not saying either will happen but it does seem the problem must lie on both ends IF the solution could come from both.

I dunno what's going on here, just blabbing for a minute.

Sun, 06/08/2014 - 03:35 | 4833837 Andre
Andre's picture

Actually, that's pretty cool rambling. Keep it up.

Couple of points most religious types forget:

  1. God (or The Gods, or Goddess, whatever) gave rules to live by, they did not expect to live people's lives for them.
  2. Any eternal being is, as best we can figure, at least 4 billion years old. For us, 2000 years is almost an eternity. For something like (for lack of a better term) God, that is faster than an eye blink.
  3. Religion, like science, began as a quest for truth. Organized religion, like science, has been corrupted into a quest for power and position by far too many.
  4. "Just as you can help or ignore and injured child in the street, you can care or not care about anything that's going on HERE." THANK YOU! no sarc. Truth is a bit like looking at a bright light. If all you look at is the light, you will never see what it illuminates.

Take care.

Sat, 06/07/2014 - 00:22 | 4831980 Otrader
Otrader's picture

What if there is no god and people still spend most of their life in a 8 x 8 cubicle?  Fools!

Sat, 06/07/2014 - 09:18 | 4832243 sessinpo
sessinpo's picture

Otrader    What if there is no god and people still spend most of their life in a 8 x 8 cubicle?  Fools!


What if there is no God and you act like a godless fool that no one cares about? But then again, if you are wrong and there is a God, you're really screwed.

Fri, 06/06/2014 - 23:38 | 4831921 Omegaman2211
Omegaman2211's picture

God doesn't exist, sorry.

Fri, 06/06/2014 - 23:42 | 4831931 nmewn
nmewn's picture

And you have "faith" or proof of that?

Its an honest question, sorry ;-)

Sat, 06/07/2014 - 00:04 | 4831955 Joe A
Joe A's picture

It is all in the brain. Here  link. Ok, it is BI but the research is real:

Sat, 06/07/2014 - 01:16 | 4832032 PT
PT's picture

I can't help it.  I "evolved" that way.  You atheists have an evolutionary disadvantage.  Makes perfect sense.  HAHAHAHAHAHAHAHAHAHAHA ...

Sat, 06/07/2014 - 00:06 | 4831957 infinity8
infinity8's picture

Well, you certainly don't need "faith" that something doesn't exist, just thought. "Faith" is as bullshit concept as "Hope" - not saying they don't both "feel real" but, they're bundled. I would say, overall, that I'm atheist or at least agnostic but, I wouldn't say I'm entirely without faith or hope. In something. Even if it's just myself. But that might be Buddhist or something.

Sat, 06/07/2014 - 00:26 | 4831985 Indian_Goldsmith
Indian_Goldsmith's picture

you moron.

Sat, 06/07/2014 - 00:45 | 4832008 nmewn
nmewn's picture

Which was my point exactly, no proof was offered that He doesn't exist. So it must be "faith" that He doesn't, on the commenters part, just logic. And when logic and philosophy fails, there is always religion. 

But speaking of logic, a 1 in 1010^123 chance of being here without intelligent design, hmmm, some long odds ;-)

(Sir Roger Penrose, an atheist and mathematical physicistdid the math, so go yell at

Sat, 06/07/2014 - 01:04 | 4832020 The_Prisoner
The_Prisoner's picture

There's no such thing as proof of non-existence

Sat, 06/07/2014 - 01:21 | 4832034 PT
PT's picture

Now read the rest of nmewn's comment.

How many times do you allow the dealer to deal himself a Straight Royal Flush before you decide the deck might be stacked?

Sat, 06/07/2014 - 01:30 | 4832041 NidStyles
NidStyles's picture

Some people you just can't help and they are likely going to end up being worth more if they learn on their own.

Sat, 06/07/2014 - 20:06 | 4833382 infinity8
infinity8's picture

There's still no such thing as proof of non-existance. If you're hangin' in the casino long enough to see that, you're an idiot.

Sun, 06/08/2014 - 06:18 | 4833901 PT
PT's picture

So does that mean that you wouldn't believe the deck was stacked because you couldn't prove it wasn't stacked?

Sat, 06/07/2014 - 20:01 | 4833373 infinity8
infinity8's picture

Long odds calculated by Humans. Who tells us we're right and smart? Who measures our knowledge and progress? We judge ourselves.

Sat, 06/07/2014 - 22:16 | 4833575 nmewn
nmewn's picture

He is a very smart human though, wouldn't you agree?

I'm not saying an atheist can't be smart or moral or ethical. I'm saying, even though he measured in the best way he knew how to, he still has faith in his beliefs.

If he was immoral or unethical he would not have published his results.

And of course you know, none of those reds up there are mine, you can have faith in what I'm saying or I can prove it, I was the first green ;-)

Tue, 06/10/2014 - 09:16 | 4840131 infinity8
infinity8's picture

I get you on intelligent design and have arguments/talks with a good friend often on this topic but, you can't argue about no proof of nothing. Because it's retarded (politically incorrect) and you know it.

Sat, 06/07/2014 - 00:27 | 4831987 Dr. Destructo
Dr. Destructo's picture

We'll all know in the end I'm sure, but I'm betting on the existence of God.

Sat, 06/07/2014 - 07:34 | 4832174 Jstanley011
Sat, 06/07/2014 - 12:46 | 4832593 MansaMusa
MansaMusa's picture

"Then will appear the sign of the Son of Man in heaven. And then all the peoples of the earth[c] will mourn when they see the Son of Man coming on the clouds of heaven, with power and great glory."


This is will occur soon, except Hollywood/CIA/Gov't will have Jesus appear to the people by a holographic image that moves...  (Michael Jackson...)


Sat, 06/07/2014 - 08:21 | 4832201 Bangin7GramRocks
Bangin7GramRocks's picture


Fri, 06/06/2014 - 21:51 | 4831758 deflator
deflator's picture

#9 Secret Lives of the Super Rich

 "You can't afford to miss it."

Fri, 06/06/2014 - 21:43 | 4831759 TeamDepends
TeamDepends's picture

It will end at The Crapper Of Time, when the petro-dollar is flushed into the realm of history.

Fri, 06/06/2014 - 21:47 | 4831768 Peter Pan
Peter Pan's picture

Sure some Americans are obsessed with the accumulation of wealth but I think the vast majority are just obsessed with survival.

Fri, 06/06/2014 - 22:10 | 4831804 A Lunatic
A Lunatic's picture

And Miley Cirus......

Sat, 06/07/2014 - 00:34 | 4831983 PT
PT's picture

Why is it that if you don't work to pay your way, you are a no-good lazy bum but if you do work and pay all your bills, then the instant you try to buy one nice thing for yourself, you're "greedy" and "obsessed with money"?

If you complain that you cannot afford nice things, despite all your hard work, people say, "Money isn't everything".  But what do they say if you get behind in paying your bills?  "Lazy bugger, you should work harder."  Let's get something straight here, if money isn't everything then neither is negative money.

Are people obsessed with money?  No shit!  From the youngest age we are taught, "No, you can't have it.  You don't have any money.  Ohhhh, I can't just give you money - you have to earn it!"  Why the fuck does anyone get surprised to find that the population is "obsessed" with money?  I don't remember learning bush survival techniques at school - okay, we learnt enough to live until the rescuers found us but certainly not enough to feed and clothe ourselves for the long term.  I never learnt about any free, fertile land on which I could live so I wouldn't need any money.  So yes, most of us will be "obsessed" with money because we don't know how to live without it.

You rock up to a job interview with ragged old clothes, unkempt hair and beard - does the boss say, "Well, PT, I'm glad you're not obsessed with money like all the other people here.  Look!  You're even happy to live without enough money to buy a comb!"  No, society expects us to want enough money to meet some minimum standard but anyone who goes over that much is "greedy" and "obsessed with money".  No, if I have to work then I want a few nice things along the way.

Sat, 06/07/2014 - 09:33 | 4832253 No Quarter
No Quarter's picture

The vast majority of americans couldn't survive on their skills and ingenuity alone.

Makes me think of that scene in the Hitchhikers Guide to the Galaxy where Arthur Dent and Ford crash land on prehistoric earth


"Arthur seemed to come out of a trance.

"You mean you've got a hold full of frozen hairdressers?" he said.

"Oh yes," said the Captain, "Millions of them. Hairdressers, tired TV producers, insurance salesmen, personnel officers, security guards, public relations executives, management consultants, you name them. We're going to colonize another planet."

Fri, 06/06/2014 - 21:51 | 4831773 Oldwood
Oldwood's picture

It is a psychological addiction perpetrated on society for the sole purpose of creating an insatiable need that is the basis for dependency. Marketing accompanied by easy credit have enabled the take down of the free world.

This is not to say that we are not ultimately responsible for our actions, but we must first be able to recognize the problem. The first step to recovery is the acknowledgement of our addiction.

Fri, 06/06/2014 - 21:53 | 4831775 fonzannoon
fonzannoon's picture

you know the S&P must be sniffing 2,000 when you get Snyder referencing Huffpo. That is like shit quoting poop.

Fri, 06/06/2014 - 22:14 | 4831815 LetThemEatRand
LetThemEatRand's picture

"Howdey ho," said Mr. Hankey, enthusiastically.

Fri, 06/06/2014 - 22:16 | 4831817 kito
kito's picture

Gee, and I thought most of the world reached for wealth...Russians, Chinese, Koreans, Canadians...silly me.....

Fri, 06/06/2014 - 21:55 | 4831778 August
August's picture

And, as Freddie might say, burn your televsion. Or whatever.

Fri, 06/06/2014 - 21:58 | 4831786 fonzannoon
fonzannoon's picture

Is Freddie still around? Or has he retired to the zh graveyard/insane asylum that we are all marching towards?

Fri, 06/06/2014 - 22:06 | 4831796 Motorhead
Motorhead's picture

I thought I saw him post some months ago, but, if it's the same Freddie, he had a different photo/avatar, not that 1970-ish hair-do. 

Fri, 06/06/2014 - 22:18 | 4831820 kito
kito's picture

Free Francis Sawyer....

Fri, 06/06/2014 - 22:39 | 4831845 kaiserhoff
kaiserhoff's picture

Thank you Jesus.  Thank you Lord,

and Thor, Bacchus, and the poison tree frog.

Fri, 06/06/2014 - 23:22 | 4831900 Seek_Truth
Seek_Truth's picture

Your fantasy of equivalence will not save you.

Fri, 06/06/2014 - 23:07 | 4831878 Harbanger
Harbanger's picture

Yes, we all know how much you loved him.  What is it with modern jews?

Fri, 06/06/2014 - 23:19 | 4831897 Seek_Truth
Seek_Truth's picture

Q: What is it with modern jews?

A: Revelation 3:9

Fri, 06/06/2014 - 23:35 | 4831915 Harbanger
Harbanger's picture

I fully understand Brother.

Fri, 06/06/2014 - 23:39 | 4831923 Omegaman2211
Omegaman2211's picture

God doesn't exist.

Fri, 06/06/2014 - 23:41 | 4831929 Harbanger
Harbanger's picture

So don't worry about it.

Sat, 06/07/2014 - 00:22 | 4831979 LetThemEatRand
LetThemEatRand's picture

God Bless America.  Allalu akbar, and so forth.  We definitely need to worry about it.

Sat, 06/07/2014 - 00:32 | 4831992 Harbanger
Harbanger's picture

Go fuck yourself Lola, I know your fears.  I can play you like a fiddle.  I stand by my prediction that you will be D&Q by your neighbors.

Sat, 06/07/2014 - 00:33 | 4831995 LetThemEatRand
LetThemEatRand's picture

Heard a great country song the other day.  Allahu akbar, beer is good, and people are crazy.  Or something like that.  

Sat, 06/07/2014 - 00:38 | 4831999 Harbanger
Harbanger's picture

I'm happy for you.

Fri, 06/06/2014 - 23:23 | 4831902 PT
PT's picture

Free Francis Sawyer For Fucks Sake

Sat, 06/07/2014 - 13:02 | 4832619 CH1
CH1's picture

Sawyer was an obsessed pig who deeply degraded the discussions here.

I didn't fill-out the offensive comment report, but I'm glad he's gone.

Sun, 06/08/2014 - 06:39 | 4833914 PT
PT's picture

I was supposed to disagree with some of the stuff he said but he put up some great arguments and I don't remember anyone ever giving him a decent rebuttal.  Perhaps a little of a one-trick pony, maybe things are a little less tedious now, but I classify him as a mighty fine opponent.  Heaps better than other people that disagree with me. 

Fri, 06/06/2014 - 22:19 | 4831823 LetThemEatRand
LetThemEatRand's picture

He finally lightened up.

Fri, 06/06/2014 - 22:22 | 4831828 fonzannoon
Fri, 06/06/2014 - 22:59 | 4831870 Harbanger
Harbanger's picture

Freddie was right.  The MSM bears more responsibility for the current state of our country and the disinformation that has been distributed to the population over the last 50 years than any single politician.

Fri, 06/06/2014 - 23:07 | 4831881 Seek_Truth
Seek_Truth's picture

And knowing the legacy of Edward Bernays.

Fri, 06/06/2014 - 21:54 | 4831776 buzzardsluck
buzzardsluck's picture


Fri, 06/06/2014 - 21:56 | 4831780 Frilton Miedman
Frilton Miedman's picture



Fire is good.

However, my stove, boiler & water heater incorporate regulators so my house doesn't burn down.

Greed is good. However...


Sat, 06/07/2014 - 00:42 | 4832004 PT
PT's picture

Nail head, meet hammer.

Thank you Mr FM.

Sat, 06/07/2014 - 13:04 | 4832624 CH1
CH1's picture

my stove, boiler & water heater incorporate regulators so my house doesn't burn down.

Greed is good. However...

We should give a group of thugs power to enslave everyone else?

Sat, 06/07/2014 - 18:42 | 4833246 Frilton Miedman
Frilton Miedman's picture



Wtf planet are you transmitting from?

Thugs?..enslaving thugs?...huh?


Fri, 06/06/2014 - 21:57 | 4831782 Seasmoke
Seasmoke's picture

Greed is so 90s. This is cronyism corruption. 

Fri, 06/06/2014 - 22:01 | 4831790 August
August's picture

This is Darwinism taken to its logical conclusion.

The 0.001% are stronger than us, smarter than us, faster than us. 

Let's eat their eggs.

Fri, 06/06/2014 - 22:22 | 4831829 LetThemEatRand
LetThemEatRand's picture

Your point is well taken.  If we want to live in a society of strongest survive, this is what we get.  Sociopaths don't play by the rules.  They make the rules if we let them.

Fri, 06/06/2014 - 22:57 | 4831868 NoDebt
NoDebt's picture

The STRONGEST are surviving now?  Tim Geithner doesn't look like he'd survive a Cub Scouts camping trip.  There's something determining survival these days , but it has nothing to do with the process of natural selection.

Fri, 06/06/2014 - 23:29 | 4831908 PT
PT's picture

Perhaps "Strongest" wasn't quite the right word, but he is succeeding where brute strength has failed.  He has found his evolutionary niche?

Sat, 06/07/2014 - 00:16 | 4831968 LetThemEatRand
LetThemEatRand's picture

The bankers have found their time.  Used to be some other sociopath would take them down with armies.  Now they control the armies, too.

Sat, 06/07/2014 - 00:17 | 4831971 UselessEater
UselessEater's picture

As LTER said sociopaths don't play by the rules.... we non-sociopaths are poor gamesmen unable to effortlessly switch between B.S., manipulation and strategically played brute strength (aka hired mercenaries and economic hitmen) coordinated through a socipathic network of self interest. No wonder they love Darwin's theory of self-justification and disdain the masses & dismiss lightly their extreme suffering.

Perhaps if sociopaths looked as physically different as they are psychologically different to non-sociopaths then their minority status would be evident in the broader population and we'd have a shot at isolating them from positions of undue influence and power.

But I guess that's kinda racist like thinking and I should humbly enjoy my increasing serfdom 'cause Darwin theory says so!

Sat, 06/07/2014 - 00:39 | 4832002 Herd Redirectio...
Herd Redirection Committee's picture

Because no sociopath has ever been rehabilitated successfully, what they fear most is exposure.

Sat, 06/07/2014 - 02:01 | 4832057 UselessEater
UselessEater's picture

Rehabilitation is not an option if there is no normal point to return to. What are you rehabilitating back to? Its not a physical injury nor an emotional scar from a trauma its an aberration from the human species brain and emotional development that conveniently has acquired the backing of Darwinian theory or "success" theories; but traditional societies would probably treat the aberration quite differently (even harshly?). So yes, IMO you're correct they fear exposure and we are sadly complicit.

Sat, 06/07/2014 - 02:49 | 4832074 August
August's picture

Yep, "strongest" isn't correct.  As a number of zhers might say, they're the savviest, most deceitful, and the most willing to back up their deceit with violence.  In other words, they're reaaly, really "fit" in a sick all-too-human way.

Sat, 06/07/2014 - 04:42 | 4832108 UselessEater
UselessEater's picture

Its odd that a segment of one species is willing to destroy its own species. Seems other animals may over hunt or over graze an area but not feed on their own until their population is systematically brought to its knees. Its actually sub-human behaviour IMO but they look like us and walk like us, learn how to talk-the-right-talk from us and so are assumed to be like us - a basic human which they are not. They enjoy rising to powerful heights and are venerated as successful, and enjoy attracting the weak and greedy members of our breed; few if any mourn the loss of decent towns and the ascendance of ghettos; they celebrate because drugs and iPods can still be sold whilst properties and businesses and pension funds are stolen stealthily, and mums choose abortion in the face of poverty and social breakdowns in the 1st World (???)

If the sociopaths weren't running big pharma and that chemical filled privately owned psychiatric fake industry -we'd actually be spotting the sociopaths and blocking them in defense of ourselves and towns; not drugging our kids to sit like morons in rows of seats passively absorbing indocrination called 'education' that stifles critical thinking and foments a belief of think global act local like a nice socialisat... whilst socio-pathic types and their hanger-on associates screw the planet & environment royally then use it, debt and terrorism as excuses to turn the rest of us into serfs who must pay for it in liberty and money.

Meanwhile all other nations are kept as serfs in a similar vein- the demise of the USA doesn't necessarily help their cause. It maybe justified 'karma' coming to the USA as many say, but its targetting the wrong people- the American widgets not the sociopaths. As power shifts East the rise (for example) in the Asian middle class vs the western middle class will still be only temporary and at great expense to many people in their own countries, they too lose land rights and cop central planning dominated by sociopaths from high up the globalist sociopathic tree.

IMO socio paths attract weaker members of our human herd instead of being repulsed by all of us, and therein lies a large part of the problem. It also seems to have a genetic bent which fair or not, might mean certain families are blacklisted not rocketed into elite-dom.

Fri, 06/06/2014 - 21:57 | 4831784 Kreditanstalt
Kreditanstalt's picture

"If none of us had any money, we would all be homeless and starving."

What a ridiculous statement.  How...KEYNESIAN...!

Fri, 06/06/2014 - 22:02 | 4831791 nmewn
nmewn's picture

Amazing isn't it?

Fri, 06/06/2014 - 22:40 | 4831847 razorthin
razorthin's picture

I could finally get close enough to a central banker to kick his ass.

Fri, 06/06/2014 - 23:45 | 4831910 PT
PT's picture

If I didn't have any money, I would be homeless and starving.  I suppose I should do a survival course.  But that would cost money.  Or I could join the army.  Or perhaps I could move to a third-world type commune and they could teach me how to live without money.  Until the first world discovers resources on our plot of land and dump us all off ...

... oh! hang on a minute, you mean if NONE of us had any money?  I'd better go and talk to some aboriginals.  Hopefully they can remember what their ancestors were doing 200 years ago.  Actually, I just gotta find the right ones.  Some of them still do that stuff.  Which is funny again, because most of our population do not appreciate what valuable knowledge they have ...

Sat, 06/07/2014 - 00:35 | 4831997 UselessEater
UselessEater's picture

A majority of traditional people (parts of Asia, Africa, Aust that I know of) are displaced from traditional lands -that creates the biggest problem as it ends self sufficiency. What does crop up though constantly in each place is a disproportionate amount of their tiny incomes (money) going into booze, drugs, gambling. Genuine land and property rights and ownership seems to be essential (not the UN crap nor the 'community' crap thats arisen in recent history). Land appears a core foundation for wealth.... guess that's why the elited have so many mechanisms to turn everyone into tennants with fragile or non-existant legal rights and ongoing rates/taxes/etc.

As soon as any person becomes a tennant (of even private land) they are locked into the sociopathic game that serves the socio-paths and invariably, over time, it brings down all peoples who are now forced into the 'fiat-money' game and an inexplicable debt and poverty cycle that worsens with each generation.

My Queenie knows this well, she hails the Rhodes Round Table.

Sat, 06/07/2014 - 04:42 | 4832107 Adahy
Adahy's picture

Traditional people are the same as the land they come from.  Taking the people away from the land is akin to lobotomizing them; they change, the old knowledge dies, and then they slowly fade away.   It's a terrible feeling.
Once seperated, most cease to really give a shit about anything anymore and just turn to alcohol and drugs to dull it all.

The most stubborn of us however, spend our lives tring to claw back what we once had in the hopes that we can pass it on to our children, so that they can know freedom; and experience what life was like before the bankers washed ashore of turtle island.

Humans and the land are intertwined at the personal level, beyond resource usage; most have just forgotten because of distraction.  Indigenous people feel it the most, but it's there for everyone if you choose to see.

Property rights are integral to humanity.

Sat, 06/07/2014 - 08:33 | 4832207 Marco
Marco's picture

What if property rights prevent the vast majority of people to own property? (As is the current situation.) How do we get to a situation where the majority can claw back that freedom against the almost insurmountable forces of interest and rent?

Or are you satisfied if you can get freedom just for you and yours?

Sat, 06/07/2014 - 09:16 | 4832240 UselessEater
UselessEater's picture

I think we're in agreement but from different angles. Property rights seem essential for decent living standards on every continent (eg law allows title and you can raise collateral for a business etc).

Rates and other fees on land are relatively new in various nations but they increase yearly costs of maintaining what you own and change often what you own (eg the top soil and/or minerals underneath). Property rights being extinguished without any compensation for various reasons is on the up.

But prices soaring are due to debt money and homes being twisted into defacto-capital investment by the "system" when they clearly are not productive investment.

My crappy explanation aside, the point is once you pay for your home/land you should be (Fee Simple in Aust case) i.e. free and clear of encumbrances. However, NOW, even if you achieve the goal of debt free there are still costs to pay every year????

So both the younger and the older generation is fucked - one can't afford to buy in and the other can't afford to mantain. You know the ponzi scheme...



Sat, 06/07/2014 - 11:48 | 4832423 Marco
Marco's picture

In my opinion only up to a point ... the Lockean provisio is more important than Rothbardian purity.

The elite has no problem paying the upkeep on their ever increasing real estate wealth with their ability to profit from the current situation (they don't just own most paper, they own most of everything). A deflationary collapse followed by severe austerity with elimination of property taxes would benefit no one more than the elite. They take ownership of all the colletaral underlying all the current debt (their paper) and then own it tax free? It would truly cement them as our neofeudal lords.

I'm in favour of LVT with exemptions ... and I would argue that the Rothbardian purity is build on air any way. Giving rights for being first, partly by privilege of birth is a stupid basis for a system of ethics, I see nothing natural about it either.

Fri, 06/06/2014 - 22:00 | 4831789 Spastica Rex
Spastica Rex's picture

Time Magazine published an article this year entitled "Science Proves It: Greed Is Good"

Time Magazine is also written for fourth graders.

Fri, 06/06/2014 - 22:07 | 4831801 Motorhead
Motorhead's picture

Unfortunately, those 4th graders are 15 years old.

Fri, 06/06/2014 - 22:11 | 4831805 Peter Pan
Peter Pan's picture

LOL. That reminds me of the black kid that goes home to his mother.

Black kid: Mama I got the biggest dick out of all the kids in kindergarten.

Mama: Is that so?

Black kid: Mama is that because I am a black ?

Mama: No son, that's because you 15 years old.



Fri, 06/06/2014 - 23:52 | 4831943 Greenskeeper_Carl
Greenskeeper_Carl's picture

Only the ones published in the US. I don't read either, but you should see a comparison to what they cover in the US vs the rest o the world. Very telling. It basically says " Americans are obsessed with celebrities and other irrelevancies, so here is some movie star" but the ones published elsewhere actually cover current events. I think ZH has posted a comparison a while back, but it could have been somewhere else.

Fri, 06/06/2014 - 22:05 | 4831795 AUD
AUD's picture

Everybody loves money fool. That's what makes money money, it's the one thing you can't have too much of.

It's called constant marginal utility.

Fri, 06/06/2014 - 22:11 | 4831806 Curiously_Crazy
Curiously_Crazy's picture

Hands up those who clicked on at least one of the links anyway? Being a car guy I was compelled to look at #6 (ducks and covers)

Fri, 06/06/2014 - 22:12 | 4831808 Boomberg
Boomberg's picture

Nothing new for Americans...

"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?"

-- Alexis de Toqueville, 1831

Fri, 06/06/2014 - 22:16 | 4831819 texas economist
texas economist's picture

Greed has never been a part of capitalism, unless greed is treated as a synonym of self-interest. Greed is self-interest that goes beyond social conventions such as laws and good manners. Always remember that self interest and greed do not disappear when capitalism is discontinued. Think of it like this. A thief is greedy. An honest salesman trying to make as much money as possible is doing a good job. CNBC is in the herd management business as are all of the social media companies.

Fri, 06/06/2014 - 22:28 | 4831834 LetThemEatRand
LetThemEatRand's picture

"Greed has never been a part of capitalism...."

Good user name, incorporating "economist" to drive home the point that you are being ironic.  It's irony, right?

Fri, 06/06/2014 - 22:47 | 4831856 Postal
Postal's picture

Either that or the sarc tag wouldn't work in the login id...

Fri, 06/06/2014 - 23:13 | 4831884 texas economist
texas economist's picture


Fri, 06/06/2014 - 23:10 | 4831885 texas economist
texas economist's picture

Self interest and greed are human condiditions. They do not appear and disappear based on what type of economic system is in place. They are not synonyms. Anytime someone wants to speak ill of capitalism, greed is mentioned as one of its characteristics is if greed disappears under socialism. It doesn't.

Take some time to think about it and you will discover where capitalism is pointed to as being a problem, it is actually a perveresion of capitalism that is being observed. Free market system is actually a better term because capitalism really means workers are free to own their own tools. It is always an error to point to the free market system as a problem in the United States because we only have a free market system by definition.

Markets are largely rigged by using the legisltive process. 100% of laws congress votes on are efforts to rig one market or another. I find no exceptions. This is not capitalism. It is crime.

No irony was intended.


Fri, 06/06/2014 - 23:38 | 4831918 LetThemEatRand
LetThemEatRand's picture

"Self interest and greed are human condiditions." vs. "Greed has never been a part of capitalism...."  Which of you won?  And are you 10?

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