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Martin Armstrong Warns Civil Unrest Is Rising Everywhere: "This Won't End Pretty"

Tyler Durden's picture


Submitted by Martin Armstrong of Armstrong Economics,

Russell Brand

The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.

The Guardian reported that some 50,000 people marched in London to protest against austerity. They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.”

The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

Glass-Steagall Signing-Repeal

The repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done and we are now paying the price in spades. The collapse from 2007 has wiped out even the liquidity of the markets. The second worst act was the creation of the euro when the real goal was the federalization of Europe from the outset. That undermined the entire European banking system and has led to a serious undermining of the entire global economy.

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.

This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.


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Sat, 06/28/2014 - 16:19 | 4905775 Caviar Emptor
Caviar Emptor's picture

Yes. During Reagan the spoken agenda was: the service economy will rise to replace the gutted manufacturing economy (which was exported wholesale). And the FIRE sector was chosen as the golden child. So de-regulate, and make sure that the Fed and .gov are the handmaidens of Wall Street. Of course, that street was paved with gold for all the insiders and the politicians who backed it. Trickle down economics was born!

Sat, 06/28/2014 - 16:38 | 4905808 ebworthen
ebworthen's picture

Reagan and Carter were both good Men who were steamrolled by the system. They both tried to make moral and ethical decisions but were overwhelmed by the structures around them; as is any one person in that position. 

Much of our society has built up these channels, tributaries, rivulets, and deltas of behavior and procedure formed over years of cultural flooding and drought. 

When societies become too large, complex, and interconnected they become disconnected from individual choice and exigency.

Sat, 06/28/2014 - 17:10 | 4905851 Reptil
Reptil's picture

As a society groes larger, the natural development is a counter force of spontaneous organisation into smaller unities.
However, this development is forcefully denied, and artificial "empires" are drawn up on paper.
That is causing a larger rift. No it will not end well.
But the author doesn't ask the obvious question; is this course towards the iceberg on purpose?
And then, what is the goal of doing so?

Sat, 06/28/2014 - 20:31 | 4906196 caShOnlY
caShOnlY's picture

I remember reading somewhere that Reagan feared losing the tool and die sector - he stated he wanted to keep 38% in the United States.  So even back then he was privy to the plan of exporting our jobs overseas.  The problem was whoever was describing the plan to him didn't tell him that once this shit starts you cannot turn it off.  You cannot say "well keep 38% of our .......(insert industry here).. Stateside.   Just doesn't work.  The game is over.  Was over when they started the housing bubble, it's over now.  Printing money is holding this thing together.. for how long?

Sat, 06/28/2014 - 14:58 | 4905626 Rattling Bones
Rattling Bones's picture

The problem is that the frog is being boiled slowly,  people will only respond to a seismic shock.

Sat, 06/28/2014 - 16:21 | 4905776 owensdrillin
owensdrillin's picture

The problem is the population of the planet growing at 250,000 people per day. That's eight or nine new Detroits per month and most of the people are being born in probably a lot worse shitholes than there. Population is predicted to be 11 billion by 2050.

The population of Africa in 1900 was 120 million people. it is now a billion more than that. The population of the US in 1900 was 76 million and has gone up by around 250 million (a lot by immigration, not natural births). Why are the countries that cannot feed/educate/support themselves growing at double the rates of western countries.

It is time to quit funding the uncontrolled birthrates in coutries that cannot support themselves. That's where the uprisings are starting, probably much to the deight of the MIC and banksters.

It's time to de-globalize and let all countries look out for themselves. Fuck foriegn aid. Fuck fake foreign wars. Fuck all big government. It's time to go backward about 120 years

Sat, 06/28/2014 - 16:45 | 4905813 El Vaquero
El Vaquero's picture

Thank you!  We are providing first world benefits to third world countries, which reduces the death rate but not the birth rate.  Eventually they cannot provide enough food for themselves, so we, seeing the children starving, step in and help feed them.  So they have more babies.  And they never develop the means to take care of themselves.  Third world countries should not receive first world benefits unless they are actually developing the means to take care of themselves.  To do otherwise is to throw things out of whack and make them perpetually dependant on the rest of the world. 

Sat, 06/28/2014 - 16:59 | 4905835 Zoomorph
Zoomorph's picture

We are giving our wealth to the third world out of pity (also out of greed, by outsourcing). We ourselves are living increasingly on debt while they develop the manufacturing and industry that we no longer have. And we let them immigrate into our country and take control over it. We are in the minority and rapidly going downhill. Instead of enslaving the third world to ensure our own quality of life, we are handing it all away on some stupid moral ideas. We are total fucking idiots, to be honest. You can be sure that they won't have the same pity on us once the positions are completely reversed.

Sat, 06/28/2014 - 20:15 | 4906164 espirit
espirit's picture

A trusted cohort thought I'd made up the term "de-globalize."

Thanks for confirming an obvious solution.

Sat, 06/28/2014 - 15:04 | 4905627 Rattling Bones
Rattling Bones's picture

It's not Bill's fault, he tried to care about money but just couldn't.

Sat, 06/28/2014 - 15:02 | 4905628 Rattling Bones
Rattling Bones's picture

Hard to believe Clinton could make such a mistake with the world's smartest woman advising him.

Sat, 06/28/2014 - 14:58 | 4905630 NYPoke
NYPoke's picture

Oh, its not complicated.  Its the bankers.

Sat, 06/28/2014 - 15:01 | 4905632 Codetrader
Codetrader's picture

Will America need a Nuremberg Trial?

If Barack Obama is not removed from office before his term expires, it will be a tacit endorsement of permanent political corruption in Washington DC.

Obama, however, is a symptom, not the disease itself, which like early stage cancer has spread largely undetected by the American people.

By combining lawlessness and incompetence, the Obama Administration has set a new standard for executive malfeasance bordering on treason.

It is those very deficiencies, however, that have, as never before, exposed the extent and depth of corruption among our politicians and members of the media.

Many of them have set a new standard for tolerance of official misconduct bordering on misprision of felony, the deliberate concealment of one's knowledge of a criminal act.

It is only within the context of a hopelessly corrupt political-media culture could a man so lacking in experience, so wanting in ethical qualities and embracing beliefs so antithetical to American values and traditions rise to the highest office in the land.

The tenant in the White House leads a deceitful and inexperienced group of extreme left ideologues, who foster policies that risk the survival of the republic, undermine the security of its citizens and abrogate their unalienable rights.

Politicians and journalists do not aggressively challenge Obama because it would ultimately expose their complacency or complicity in Obama's violations of Constitution, uncover their willful ignorance of his alleged felonies and confirm their participation in the greatest election fraud and Constitutional crisis in American history.

Their avarice and timidity have made them victims of political blackmail.

The political-media elite cannot tell the truth about Obama because it would threaten their collective power, privilege and wealth, which they now preserve at the expense of the well-being of the nation.

Ambrose Bierce, a 19th century political satirist, accurately described Washington D.C. as:

"a strife of interests masquerading as a contest of principles and the conduct of public affairs for private advantage."

Our present national crisis results directly from the dereliction of duty shown by politicians and journalists, who did not properly vet Obama before the 2008 Presidential election.

The Democratic Party and its propaganda arm, the mainstream media, overcome by politically correct euphoria and the prospect of socialism, willingly ignored Obama's dubious personal history as well as his ineligibility and incapability for the Presidency.

The Republicans feared criticism by the media and being labelled racists for questioning Obama's background or fitness for office. Long ago the Republican establishment jettisoned its principles to win elections deciding that, in order to do so, they had to behave like Democrats.

Despite the enormous historical and Constitutional implications, the politicians and the media, not only have remained silent, but have actively suppressed legitimate inquiry. Due to either complicity or cowardice, a conspiracy of silence descended upon the public discourse regarding questions that might challenge the legality of the Obama Presidency.

How far will our political-media elite go to protect their own interests by continuing to protect Obama?

How much damage will America need to sustain before our "leaders" decide that they love their country more than they love themselves?

The fact that Obama happened is bad enough, but those who allowed Obama to happen need to be held accountable because their betrayal is far greater.

by LAWRENCE SELLIN, PHD June 17, 2014
Sat, 06/28/2014 - 15:58 | 4905730 Motorhead
Motorhead's picture

"If Barack Obama is not removed from office before his term expires, it will be a tacit endorsement of permanent political corruption in Washington DC."

Blatant racism (sarc).

Sat, 06/28/2014 - 16:16 | 4905771 Seer
Seer's picture

"Obama, however, is a symptom, not the disease itself, which like early stage cancer has spread largely undetected by the American people."

Not sure why people spend so much energy thinking that there's been some key turning point made during this POTUS's term.   Yes, there are things that are piled on, but this is really no more than what has been a VERY long road, a road whose final destination could never have been in doubt.

This era is only another jolt of collapse pain.  We've had them before, some, such as with 1971 (USD became 100% fiat; oil production [conventional] peaked; "trade relations" with China started), were much bigger, though at the time had less detrimental impact because there was still a lot of future to siphon off of.  It's becomimg all too clear that the party is now over...

Sat, 06/28/2014 - 17:50 | 4905922 Calmyourself
Calmyourself's picture

Codetrader can you identify the weak link, fro m our perspective within the structure you describe that enables it to live and grow?

Sat, 06/28/2014 - 20:14 | 4906162 My Days Are Get...
My Days Are Getting Fewer's picture

There is no political will - and only cowardness and corruption - no one will propose, let alone prosecute, impeachment.


The Nuremburg trial:  This was a trial by the victors over the vanquished.

Why would the victors in DC subject one of their own to a trial.

Sat, 06/28/2014 - 15:02 | 4905633 yogibear
yogibear's picture

As long as the Federal Reserve is running the show it's the bankster version of slavery.

Sat, 06/28/2014 - 15:51 | 4905720 Top Gear
Top Gear's picture

And what's wrong with slavery? Capitalist whips are a part of my capitalist sado-economic plan for your life. Or maybe your wife.

"He'd like more than anything else to boss me around, and then whip me every time I displeased him....Slave-master Rafe would never shell out the cold cash if, after he paid, I could haul him into court on assault and battery charges when he whipped me."

Voluntary Slave Contracts by Walter Block, Austrian economist

Does she like being bossed around, if my command voice has a libertarian theme?

"We libertarians do not oppose HIERARCHY or COMMAND or? AUTHORITY..." ~Stephan Kinsella

I might just convert to libertarianism if it is that much fun!



Sat, 06/28/2014 - 15:59 | 4905735 Motorhead
Motorhead's picture

Pic looks like that dude in the old Guiness Book of World Records who was undergoing all that G-force stuff, LOL.

Sat, 06/28/2014 - 20:40 | 4906206 r00t61
r00t61's picture

The picture is of Jeremy Clarkson, from the BBC motoring show Top Gear, riding around in an open-cockpit Ariel Atom.

Sat, 06/28/2014 - 21:57 | 4906321 Citxmech
Citxmech's picture

Top Gear - You sir, are liar and a fraud.  You have been caught engaging in the worst kind of intellectual dishonesty.    You have intentionally misrepresented the content of an author for the sole purpose of bolstering your position and discrediting the positions of others.  If this were an academic or professional enterprise, your actions would be considered misconduct and you would be subject to reprimand, suspension, or even dismissal.

I would like to credit “nmewn” for bringing this to our attention.

To wit, see posts:  4904429 by Top Gear and 4904297 by nmewn:

Top Gear  4904429

"It cannot be denied that Fascism. . . saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history . . . its policy has brought salvation . . ."

~Ludwig von Mises, Liberalism

nmewn 4904297

(posting the complete, unredacted,  passage)

"It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history. But though its policy has brought salvation for the moment, it is not of the kind which could promise continued success. Fascism was an emergency makeshift. To view it as something more would be a fatal error."


Shame on you.

Sat, 06/28/2014 - 23:45 | 4906476 Top Gear
Top Gear's picture

The rest of the quote you provide makes Mises look even more supportive of Fascism.

"Fascism was an emergency makeshift."

A splint on a broken leg before surgical repair is? an "emergency makeshift" that an emergency room doctor might apply over the weekend, until surgery opens on Monday.

So Mises is equating Fascism to an emergency room doctor. Dr. Fascism, Dr. Fascism! Capitalism needs "saved" (Mises' word) in room 204!

Thanks for showing us the rest of the paragraph.

Sun, 06/29/2014 - 17:56 | 4907895 hobopants
hobopants's picture

Fascism was an emergency makeshift. To view it as something more would be a fatal error."

You only see what you want to see, don't ya? That's hardly an endorsement.

Sun, 06/29/2014 - 17:58 | 4907906 Everybodys All ...
Everybodys All American's picture

Is anyone awake here at ZH admin? It's time to take out the trash.

Sat, 06/28/2014 - 15:05 | 4905637 Ban KKiller
Ban KKiller's picture

"zzzzzzzzzzzzz..." said the Sheeple. Prep? Why? Bad things can't happen HERE. Bad things only happen to THOSE people. 


When you don't even KNOW about the great depression how can you even think about collapse? Most people are ignorant at the recent collapses...or "resets". The future holds the world wide, all at once, reset. The question is for how long will the reset last? If you are thinking less than years you might be in trouble.


So...the further you are decentralized the better off you will be. might need someting to trade!

Sat, 06/28/2014 - 15:56 | 4905727 Skateboarder
Skateboarder's picture

Jesus is all like "I saved all'y'all mothafuckas for this!?"

Buddha says "Nirvana? Lookin' more like NIRPana. Sigh..."

Probability (GOD, all caps) says "I'm comin' to getcha, boy.

Sat, 06/28/2014 - 20:10 | 4906153 August
August's picture

>>>I'm comin' to getcha, boy.

Jonathan Edwards was right!

Sat, 06/28/2014 - 16:25 | 4905784 Seer
Seer's picture

"Most people are ignorant at the recent collapses."

That's kind of myopic given that there are 7+ BILLION humans on the planet, most of which lve close to subsistence levels.

And even IF everyone were living subsitence-level lives it would still lead to impending doom as long as the population size continued to increase (and the planet's resources didn't, which, of course, is pretty much fact).

" might need someting to trade!"

Always has been and always will be the case (unless you're a total hermit).  The trick is to figure out what finicky humans might accept in trade...  I figure that basing one's tradeables in the categories of Food, Shelter and Water is likely to have the best chance at producing a more favorable outcome.

Sat, 06/28/2014 - 17:26 | 4905879 El Vaquero
El Vaquero's picture

Whiskey.  Who's going to whack the only guy in the area that knows how to make hooch?  And while they fall under food, locally adapted seed for staple crops.  A lot of your commercial varieties of seed grow great - with pesticides, NPK fertilizer, etc...  Knowledge of growing things would help too.  Knowledge of how to make basic necessities too.  Even if you're not useful in this world, you want to make damned sure you are useful in tomorrow's world.  And what is one thing that I see being big in the future?  Agriculture without a lot of inputs that come from heavy industry. 

Sat, 06/28/2014 - 17:45 | 4905910 Mr. Pickles
Mr. Pickles's picture

Haha, you beat me to it :) Been too busy reading and not refreshing, so didn't see your reply until I posted.. I've always thought it would be better to stock "necessities" that you could trade for money, rather than vice versa. You might have all the stacks in the world, but if that's all anyone has, you're SOL. If you can't trade your "necessities," at least they are there for you to use..

Sat, 06/28/2014 - 17:52 | 4905925 El Vaquero
El Vaquero's picture

Yup, and whatever new monetary paradigm arises, you'll have a much bigger say in.  If I want to sell my seed packets for a silver dime or equivalent, people are going to want silver dimes if my seed grows better in the area than everybody else's.  Though, if they cannot find them, I'll have to work with something else. 

Sat, 06/28/2014 - 17:55 | 4905931 Calmyourself
Calmyourself's picture

Best thing  to stock: temp tooth fillings...  10 oz of silver per post collapse..  Probably get the top bunk at the FEMA camp if I can get it out of my rear..

Sat, 06/28/2014 - 19:14 | 4906074 DaddyO
DaddyO's picture

Do you realize how difficult it is to fill a tooth?

Just yank and go on about your business...


Sat, 06/28/2014 - 19:45 | 4906115 Calmyourself
Calmyourself's picture

Tough I know but those temp kits keep you out if severe pain until more professional help arrives besides it was a damn joke..  Lighten up Francis..

Sat, 06/28/2014 - 17:38 | 4905896 Mr. Pickles
Mr. Pickles's picture

Whiskey, et al.

Sat, 06/28/2014 - 15:05 | 4905638 robertocarlos
robertocarlos's picture

What happens if Brasil losses?

Sat, 06/28/2014 - 15:16 | 4905665 remain calm
remain calm's picture

Chile goes home

Sat, 06/28/2014 - 15:09 | 4905649 bugs_
bugs_'s picture

can we stop calling it "civil" unrest?  its like calling provinces where you would get beheaded as "restive"

Sat, 06/28/2014 - 15:20 | 4905671 Amish Hacker
Amish Hacker's picture

All part of Orwell's Newspeak. Countries I like have governments, countries I dislike have regimes. Just stop thinking about it, bugs, and enjoy the jobless recovery.

Sat, 06/28/2014 - 16:05 | 4905750 Motorhead
Motorhead's picture

And "right" leaders are always "strong men".

Sat, 06/28/2014 - 16:05 | 4905749 El Vaquero
El Vaquero's picture

Civil, being a word in the English language, which is of course a whore of a language, has more than one definition.  One of the definitions makes "civil" unrest less newspeakish than you might think. 


: of or relating to the people who live in a country

: of or relating to the regular business of the people in a city, town, state, etc. : not connected to the military or to a religion

: polite but not friendly : only as polite as a person needs to be in order to not be rude

So "unrest of or relating to the people who live in a country" fits the bill here. 

Sat, 06/28/2014 - 16:30 | 4905796 Seer
Seer's picture

E.V., check this out:


If I’m going to contemplate the collapse of civilization, I need to define what it is. I looked in some dictionaries. Webster’s calls civilization “a high stage of social and cultural development.” The Oxford English Dictionary describes it as “a developed or advanced state of human society.” All the other dictionaries I checked were similarly laudatory. These definitions, no matter how broadly shared, helped me not in the slightest. They seemed to me hopelessly sloppy. After reading them, I still had no idea what the hell a civilization is: define high, developed, or advanced, please. The definitions, it struck me, are also extremely self-serving: can you imagine writers of dictionaries willingly classifying themselves as members of “a low, undeveloped, or backward state of human society”?

I suddenly remembered that all writers, including writers of dictionaries, are propagandists, and I realized that these definitions are, in fact, bite-sized chunks of propaganda, concise articulations of the arrogance that has led those who believe they are living in the most advanced—and best—culture to attempt to impose by force this way of being on all others.

I would define a civilization much more precisely, and I believe more usefully, as a culture—that is, a complex of stories, institutions, and artifacts— that both leads to and emerges from the growth of cities (civilization, see civil: from civis, meaning citizen, from Latin civitatis, meaning city-state), with cities being defined—so as to distinguish them from camps, villages, and so on—as people living more or less permanently in one place in densities high enough to require the routine importation of food and other necessities of life.


Sat, 06/28/2014 - 17:31 | 4905881 El Vaquero
El Vaquero's picture

Very well.  I'm propagandizing and the propaganda is that "civil" unrest isn't that newspeakish.  Unless the speaker or writer intends it to mean "polite" unrest.  In which case, it is newspeak.  The inherent ambiguity in the English language sometimes makes me wish that we all spoke lojban.  Take this phrase for example:  "The pretty little girl's school."  Is it a petty school for little girls?  Is it a pretty little school for girls?  Is it a school for pretty little girls?  Unintentional ambiguity can lead to misunderstanding just as sure as deception can.

Sat, 06/28/2014 - 15:10 | 4905652 holdbuysell
holdbuysell's picture

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." - Lord Acton


Sat, 06/28/2014 - 16:53 | 4905825 Seer
Seer's picture

Yes, but...

The "banks" are but gatekeepers, they are not the civilization itself.  They are NOT the "heads" of the monster, you cannot lop them off and think that the evilness has been eradicated.

I'm NOT defending banking/financials.  They are supposed to help with the accounting of our collective actions within our physical environment.  What has happened, and has happened in the past too (as Lord Action saw), is that this element of society has been so ingrained with the notion of perpetual growth that when it's no longer possible they are pressured to MAKE it happen.  Think about this a bit...

In the US (and many other locations- I'm just speaking from my first-line experience) you had folks lobbying for more growth, for more people to be able to "afford" homes.  An elaborate story was created, with nearly no dissent (because most everyone profitted by it [in the short-term]), and it was "mandated" and this created a flurry of activity.  When there's lots of people profitting then all warnings are soundly rebuffed.  The banks/financial sector were HUGE in making it happen but were not the CAUSE of it; they needed another avenue for pulling "growth" out (from the future), and while they definitely profitted so too did a very large segment of the society.

When growth can no longer happen it is the banks that ultimately dispense (or to be accurate in what actions they do -they refrain from dispensing credit) what everyone sees as the "bad medicine."

I suppose that it always comes down to wiping out the books, either via debt jubilee or war.  I'd just hope that at some point we figure out that it's got more to do with a bad "system" (bad premise) and with bad "people."

Sat, 06/28/2014 - 17:33 | 4905888 El Vaquero
El Vaquero's picture


I'm NOT defending banking/financials.  They are supposed to help with the accounting of our collective actions within our physical environment.  What has happened, and has happened in the past too (as Lord Action saw), is that this element of society has been so ingrained with the notion of perpetual growth that when it's no longer possible they are pressured to MAKE it happen.  Think about this a bit...

Ahh yes, what to do when you want to keep the status quo going, but the status quo is unsustainable?


*cough* FRAUD *caugh*

Sat, 06/28/2014 - 15:12 | 4905659 29.5 hours
29.5 hours's picture



"repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done"


Jeez, what a drama queen. History did not begin in 1990 nor will it end in 2020.



Sat, 06/28/2014 - 16:01 | 4905739 Skateboarder
Skateboarder's picture

Temporal Myopia.

But to give the tone some credit, Theirstory began many centuries (or millennia) ago, and is coming to a nice little climaxing now.

Sat, 06/28/2014 - 16:58 | 4905832 Seer
Seer's picture

I agree.  1971 was much more traumatic (USD went full fiat, dooming it to eventual, certain failure).  One can go all the way back to "go forth and multiply," in which there was never a question of "for how long" or "how much."  Bad instructions from the very start...  And we just keep basing all off this fundamentally flawed premise (that gives way to a notion of perpetual growth).

Some civilizations completely vanished.  For them it WAS the "end."  Yet here we are...

Sat, 06/28/2014 - 15:15 | 4905663 Joebloinvestor
Joebloinvestor's picture

The EU wasn't smart enough to see WTF was going on when their politicians were meeting and eating in 5 star hotels while discussing auterity for everyone else.

It isn't just the fucking bankers fault.

Don't even get me started about the UK, whose regulators couldn't find diddly shit wrong.

Sat, 06/28/2014 - 16:59 | 4905833 Seer
Seer's picture

And that was unusual in humans' history for a small group of humans to be engaging in excess, no? </sarc>

Sat, 06/28/2014 - 15:16 | 4905664 Seer
Seer's picture

Hey, Armstrong - FUCK YOU!

Fuck all you worthless fucking talking heads!


Ideologies have nothing to do with the FACT that collapse will occur: at most then can only alter the timing of the day of reckoning.  It's about simple mathematics, PERIOD!  Either you have no fucking clue about math (in which case I have to ask you why the fuck you're attempting to appear as knowledgeable on something that is "supposed" to be predicated on math [quantification of things], OR, you're just being deceitful (hustling others to make a buck).

Sat, 06/28/2014 - 15:23 | 4905680 kliguy38
kliguy38's picture

you got it bud.......he's slimy bastard. 

Sat, 06/28/2014 - 15:30 | 4905694 Escrava Isaura
Escrava Isaura's picture

Seer.... You rock!


Andreas Söderlund, at You Tube

More money = More debt, so using statistics and theories to "prove" that money makes the world better is either completely ignorant or propaganda.

GDP is linked to the exponential growth of the debt, which makes it a completely unreliable long-term measure.

A statistic approach ignores the elephant in the room: Banks controls the money, which controls the economy, which controls the politics.

Financial slavery is not a good thing. Ignoring how the money that drives the economy is created hides a crucial detail. And now we're at the end of the road, only one generation later.

Massmedia and growth propaganda is a candy filled with poison, which the world swallowed a while ago, and soon there will be consequences.

Borrowing means a different economic situation (work to pay your debts). Not to mention extremely time-limited, since we cannot have infinite growth in a finite world, which the interest-bearing debt requires.

Sat, 06/28/2014 - 16:26 | 4905789 grekko
grekko's picture

Who say's the world is finite?  Give the tech sector 20 years and we'll be mining the asteroid belt for resources, along with Mars and others.  Go long Space-X.

Sat, 06/28/2014 - 17:06 | 4905846 Seer
Seer's picture

You forgot: </sarc>

W = Fs

Mining asteroids will require "force."  Since "technology" is but a PROCESS it cannot create "force," as in energy.

EROEI - Energy Return On Energy Invested

Sure, we are likely able to do all sorts of things with the aid/instruction of "technology."  That doesn't mean that we should, that there's a positive EROEI.  Further, mining astroids amounts to a continuance of a dead-end practice, as it is certain that at some point the resources available from asteroids would be consumed (or EROEI negative).

Ask yourself if those who were lapping up the bubbling crude in Pennsylvania could ever had thought to think about "mining asteroids," let along drilling thousands of feet below the ocean floor for energy.

We're destined to run out of low-hanging fruit and its fairly obvious that we're NOT growing taller... (despite our attempts to cultivate our human hubris in ever more clever ways)

Sat, 06/28/2014 - 17:19 | 4905863 Seer
Seer's picture

For got to repond to a very obvious thing...

"Who say's the world is finite?"

In essence that would have been Aristotle, who proved that the earth was effectively a sphere.  That we're still debating this some 2,400 year later is a bit perplexing...

Next question?

Sat, 06/28/2014 - 17:58 | 4905941 Calmyourself
Calmyourself's picture

So if mining tech gets good enough and the top 1% of the crust becomes tenablle, we are good for another 1,000 years, I'll bet on tech you take malthus/ehrlich..

Sun, 06/29/2014 - 07:13 | 4906745 Adahy
Adahy's picture

Can't wait to see how much energy it takes to slow the crap down from 20,000+ mph to a speed that doesn't end in a massive crater or tsunami.

Sat, 06/28/2014 - 16:02 | 4905744 Motorhead
Motorhead's picture

At least he's not pumping gold like the pumping hyaenas at King World News or Jim "gold won't go below $1600 due to the Cyprus banking crisis" Sinclair.

Sat, 06/28/2014 - 17:09 | 4905850 Seer
Seer's picture

And he probabl;y wears different color of socks!

Really, I don't care.  He is exactly as I stated it:

1) He's a talking head;

2) He COMPLETELY overlooks the true/factual fundamental reason why things are/will be fucked.

#2 is because he requires others to create the surplus for himself to exist.  A "welfare queen" is likely less disingenuous... (she's got to at least show up with a check with the Scarlett Letter all over it)

Sat, 06/28/2014 - 15:18 | 4905667 Loophole
Loophole's picture

What companies failed because of the repeal of Glass Steagall?

I read a WSJ article a few years ago in which the author went down the list and showed that not a one did.

Sat, 06/28/2014 - 15:27 | 4905689 DirkDiggler11
DirkDiggler11's picture

Companies that failed - Zero

US Taxpayers that failed - Every fucking one of us ....

Sat, 06/28/2014 - 17:13 | 4905854 Seer
Seer's picture

"I read a WSJ article a few years ago in which the author went down the list and showed that not a one did."

WSJ has and will NEVER say anything negative about how it sees its predator class acting.

Fiuck, a hundred babies could be murdered somewhere and the headline from WSJ would be something like: "Markets unsure how to respond to possible impacts from the death of hundreds of babies."  Well, one day they might say it's "positive," then the next state how it's "negative," not for the humans directly impacted, but for the "markets!"

If Jesus were to return I'd think that he'd walk into the WSJ offices and turn over their tables...

Sat, 06/28/2014 - 15:21 | 4905673 Ghostdog
Ghostdog's picture

Given the general stupidity of people, Id say this could go on for quite some time

Sat, 06/28/2014 - 15:45 | 4905711 Escrava Isaura
Escrava Isaura's picture



Sat, 06/28/2014 - 17:23 | 4905869 Seer
Seer's picture

Or not.

External pressures, such as the USD's loss of reserve currency standing, can tip it all in a heart-beat.

Nations, in name, CAN persist.  It is, as Dick Cheney so clairvoyantly prointed out, about our "way of life:" for him, and others like him, however, it was that we all must contine to push the rocks up the hill so that they don't need to sweat- the pain will be greatest for THEM (it's not easy living with the understanding of committing ever-bigger and uglier lies).

Sat, 06/28/2014 - 15:25 | 4905684 Flatchestynerdette
Flatchestynerdette's picture

If you use the link provided to the Guardian piece and read the whole story plus the COMMENTS (always more instructive imo than the actual piece of story itself in many cases) you see that the British people have no clue how it will end. They actually think that there is a large pool of money sitting around waiting to be spread to the 'workers' of England and if not a large 'government' pool of money than a pool of money that can be borrowed by some phantom group to keep the party going.


OY! I would say that they're like us in our politics but they're stupider - then again, I remember the woman who made  the remark about Obama having a horde of money to pay for vouchers for rent controlled housing when she was asked where the money came from - yep she said it was Obama's money. When clearly she meant the 53% of people who pay some tax. I disliked Romney's 47% waiting-to-be-crowned-king attitude and not fight for the presidency but that 47% was at least a correct figure. Why throw that out with the bathwater?

Sat, 06/28/2014 - 17:36 | 4905893 Seer
Seer's picture

"England" is an island nation.  The future is therefore more bleak. (same with Japan)

Talking about "politics" isn't talking about what the problems really are.  ALL empires collapse.  ALL groups of people who seek to perpetually grow will eventually have to come to face with an inability to do so (usually after their certain war losses to "acquire" additional growth-supportive resources [there was but a brief period in which a NWO was sought to create a single one-world govt, but that too would have also found itself faced with no more places to conquer for additional resources]).

3,000 years of empire collapses, ideologies having found to having no affect on collapse:

One can, now in hindsight and with more data points than Glubb had, see that there most certainly IS a common element in all collapses and that's that it occurs when growth is no longer possible.

William Catton does a good job of explaining how we're failing to see what the real problem is:

Sat, 06/28/2014 - 15:27 | 4905688 Rattling Bones
Rattling Bones's picture

Who once said: "If something cannot go on forever, it will stop," ?







Sat, 06/28/2014 - 15:41 | 4905706 kurt
kurt's picture

Yeah, Blame the Politicians!

Not the Rich, They're Good!

                 Now you little people do not get any Ideas see! You should be happy with ONE BOWL OF GRUEL! It's good enough for you be cause you are racially and genetically inferior to The Rich, who are Rich because of Divine Providence and the Will of God. By no means question these principles. Do not reinstate Glass Steagal, Do Not reverse Citizens United. Goverment spying is good. Be good little inferiors. I demand it and access to your young daughters.

Sat, 06/28/2014 - 16:23 | 4905779 grekko
grekko's picture

I draw the line in the sand at my young daughter.  Touch her and die!

Sun, 06/29/2014 - 05:56 | 4906704 Top Gear
Top Gear's picture

She's just another piece of free market meat.

"In short, we must face the fact that the purely free society will have a flourishing free market in children." ~Murray Rothbard (1926-1995) was the dean of the Austrian School of economics, the founder of American libertarianism

Sat, 06/28/2014 - 15:41 | 4905708 quietdude
quietdude's picture

Civil Unrest? The average sheeple would stroke out if he had to walk a mile from his Rascal Scooter. Go to a Walmart and check out the folks who will throw the bums out. Then there is the timing factor. I have read that armies equipped with matchlock muskets could not fight in the rain. In our case, we would have to schedule the revolt around American Idol.

The Corzines of the world are laughing at the sheep.

What will I do? Stay home, eat popcorn, take care of family, and watch the rioters getting mowed down with a Browning .50

The Kleptocracy is a living being that will go to great lengths to survive.

Sat, 06/28/2014 - 16:14 | 4905767 El Vaquero
El Vaquero's picture

I watched some civil unrest in what nearly became a riot over police brutality a couple of months ago.  The people involved actually did quite a bit of walking.   I was just watching and wasn't there for the whole thing, and would also often drove from point A to point B and I wound up walking several miles.  Reporters started complaining because they were getting tired keeping up with them. 

Sun, 06/29/2014 - 01:33 | 4906570 Borrow Owl
Borrow Owl's picture

"The average sheeple would stroke out if he had to walk a mile from his Rascal Scooter."

Never underestimate the wrath of a stampeding hambeast on a MartCart.


Sat, 06/28/2014 - 15:45 | 4905715 WillyGroper
WillyGroper's picture

Clinton was dead broke when he left the WH.

Sat, 06/28/2014 - 16:00 | 4905736 HardlyZero
HardlyZero's picture

Didn't some of the furniture, silverware, and china end up on e-bay ?

Sat, 06/28/2014 - 16:07 | 4905756 shovelhead
shovelhead's picture

But it wasn't because he paid for BJ's.

I admire him for that.

Sat, 06/28/2014 - 18:02 | 4905948 Calmyourself
Calmyourself's picture

The bamster and Bill are talking about Hillary's head injury, Bamster asks how is Hillary's head, Bill, not nearly as good as Monica's.. badoom...

Sat, 06/28/2014 - 15:52 | 4905721 olduser
olduser's picture

I believe we all agree that the math doesn't lie. The replies thus far serve to demonstrate to me that there are as many opinions and proferred solutions as I suspect that there will be readers. I don't have solutions or a learned opinion. I will probably arrive at one by default and certainly when confronted with a life choice. Until then I choose to live this day and tomorrow life will yet again ask me for answers...until it doesn't.

Sat, 06/28/2014 - 15:54 | 4905724 Chuck Knoblauch
Chuck Knoblauch's picture

Throughout the centuries people have paid their debts and bought and sold goods using forms of exchange ranging from feathers to salt to pigs and including almost everything in between. The American Indians using Wampum and the denizens of Fiji using whales' teeth as currency would both probably agree upon one thing: it's important to have a medium of exchange when you need what someone is selling but the seller doesn't have any need for what you have to offer in trade. Anything can be perceived to be money if people agree it has value.

It is generally believed that the tally record originated as a recording or counting device for tasks such as tracking menstrual cycles via a lunar phase calendar. One of the oldest examples of a tally record dating back to 30,000 BC was found in a cave in the Lebombo mountains of South Africa. The artifact consists of 29 distinct notches on the leg bone of a baboon.

As commerce developed through medieval Europe, another use for the tally record was found. With coins in short supply and the population largely illiterate, a bookkeeping method was needed to record mutual exchanges and outstanding debt. King Henry the First, son of William the Conqueror, is credited with inventing the tally stick system when he ascended the throne of England in 1100 AD.

In England, tallies took on the characteristics of today's credit card system as lenders carved out the details of the loan using a system of notches to signify denominations on the surface of a small squared willow, pine, r hazel-wood stick. At the top of the tally, a cut the thickness of the palm of a man's hand was made, representing one thousand pounds, then subsequent cuts were made to designate other values. The breadth of a thumb meant one hundred pounds, the width of a little finger represented twenty pounds, the width of a barleycorn translated to one pound, and so on. The stick was then split in half lengthwise through the center of the carving, creating a "split tally," which prevented either user from adding notches to his half of the tally stick.

Each party to the transaction was given one half of the marked tally as proof. Because the type of wood used to create the tally was selected for its clear grain, the grain of the wood was similar to the watermark on today's paper money. The two halves would be perfectly matched, fraud was difficult to perpetrate, and refinements were added over time to make the documentation of the transaction virtually tamper-proof. The two halves of the stick were made different lengths, with the lender given the longer part of the stick, referred to as the stock, which formed the basis for the modern term "stockholder" while the shorter portion, called the foil, was given to the party who had received the goods or funds. Literally, the debtor received "the short end of the stick."

When the borrower returned to the lender with the goods or money owed, the two halves of the record would be "tallied," and any attempts at fraud would become immediately apparent when the two halves of the split tally were combined.

King Henry expanded the use of tally sticks to include the collection of taxes by local sheriffs, creating a demand for them, and the sticks began to circulate as a form of money as a result. Revenues owed to the Crown were collected in this manner, and the tally stick system formed the basis of the British Empire until the formation of the Bank of England at the end of the 17th century. Tally sticks found their way into medieval courts as evidence, and into the works of William Shakespeare, who referred to them in Sonnet 122.2 from Henry VI: "nor need I tallies thy dear love to score."

When King Charles II adopted the idea of selling royal debt at a discount, he nearly plunged the country into bankruptcy by selling tallies at a discount for the purpose of financing war.

A century later, the sticks were still in use, but the tally stick system was eventually abolished in 1826, when the sticks were removed from circulation and stored in the Houses of Parliament. In 1834, Parliament ordered all sticks destroyed, and two cartloads of the tallies were scheduled to be burned. Rather than give the sticks away to be used as firewood, or burning them in an outdoor fire, a decision was made to burn them in two furnaces in the House of Lords. The resulting conflagration set fire to the wood paneling and both Houses of Parliament were destroyed.

Sat, 06/28/2014 - 16:02 | 4905743 Chuck Knoblauch
Chuck Knoblauch's picture

700 years of using Tally Sticks as currency had a good run.

No interest.

No fractional reserve bullshit.

Sat, 06/28/2014 - 18:55 | 4906049 Clycntct
Clycntct's picture

Good reminder.

And it goes to show you. Fuk with real money and it'll bring the house down.

Sat, 06/28/2014 - 20:03 | 4906141 My Days Are Get...
My Days Are Getting Fewer's picture

The best education I received this weekend.  Thank you.

Sat, 06/28/2014 - 15:57 | 4905729 aleph_0
aleph_0's picture

I disagree. The greatest problem in a social context is usually singular and manifests from I will have, I will take, and so on. Misinformation is a residual addendum to I-ish wants for more and more and more. The context of "we" and resetting to zero is equally intractable, if only because the history of "we" evidently repeats itself again and again and again.  

Sat, 06/28/2014 - 16:50 | 4905818 grekko
grekko's picture

I don't believe that the elite are going to win this one.  If chaos descends, they'll end up dead the first time they stick their heads out of their hiding holes.

Sat, 06/28/2014 - 17:09 | 4905732 HardlyZero
HardlyZero's picture

Argentina's VP will be arrested for money printing...or 'creative' finance.  He's on a few week trip now and might not return to Argentina.

Guess the VP tried the other way to pay off the overdue and holdout bonds and failed.  Probably why he "got the job".   Bet there are plans this weekend !!   Oops.

Argentine judge filed corruption charges against Vice President Amado Boudou over his alleged role while he was finance minister in buying a company that printed local currency

Sat, 06/28/2014 - 16:06 | 4905754 Motorhead
Motorhead's picture

BTW, has Fidel croked yet?  Just wondering.  Since his buddy Chavez bought the farm over a year ago, we haven't seen Fidel in his sweat pants in a long while.

Sat, 06/28/2014 - 16:08 | 4905759 Inthemix96
Inthemix96's picture

Mr Armstrong can go and fuck himself.

Printing money from thin air and living on the 'Interest' of us is the greatest mortal sin mankind could have come up with.

It reduces your labour value to nothing over a given timeframe, hence where we are.

On a long enought timeline, as ZH states, the survival rate is zero, no?

Its what you do inbetween that timeline that is important, and you know what?  It will kick off right here in England, you know why?  You will do shortly.  The Brits are some of the most hospitable, friendly, nicest folk you will ever meet.  Especially us 'Geordies', ask any one that knows us.  But dont, and I mean dont rile us up, because in our long and varied history, we, not me as such, but we as a whole are the very worst people you will ever come across when fucked, right, off.

The very good people of these small isles can only take so much.  We are there, or very fucking near.

Fuck guns and bullets.  When it goes, and it will, it will start here.

Dog fucking help them when the English start.

I know some of them, some of the nastiest cunts known to man when riled up.

It is going to be a hoot.  Mark my words.



Sat, 06/28/2014 - 18:10 | 4905959 Calmyourself
Calmyourself's picture

You best have something better than cricket bats..


The muzzies will be tough..

Sat, 06/28/2014 - 19:27 | 4906089 Elliott Eldrich
Elliott Eldrich's picture

"The more they overthink the plumbing, the easier it is to stop up the drain." - Montgomery Scott, Star Trek III.

As you say, fuck guns and bullets. That's for the unimaginative. 

Sun, 06/29/2014 - 08:32 | 4906807 22winmag
22winmag's picture

The lowest level in the Inferno.

Sat, 06/28/2014 - 16:11 | 4905765 q99x2
q99x2's picture

Arrest all the oligarchs and re-distribute their ill gotten wealth. Replace national governments with open source software. A civilization that lives as it did in the past, before current technological capabilities, must be replaced.

Long live Wittenberg.

Sat, 06/28/2014 - 16:18 | 4905773 q99x2
q99x2's picture

Does a man get laid more during a collapse or during a recovery? YeeeeeeeHaaaaaaaaaa. I do believe it is during a collapse.

Sat, 06/28/2014 - 16:23 | 4905781 Caviar Emptor
Caviar Emptor's picture

Never attribute to stupidity what can be ascribed to malice

Sat, 06/28/2014 - 17:34 | 4905889 atthelake
atthelake's picture

So, politicians are doing this out of malice?

Sat, 06/28/2014 - 22:54 | 4905969 Calmyourself
Calmyourself's picture

No, their flooding border states with nearly uneducated day laborers and gang member and yes children who need help because they love us and want us to be happy.  Actually,  they want a perpetual lock on power..  YES MALICE they hate you and any member of the middle class, too poor to buy them off and too rich to be treated like dirt..

Sat, 06/28/2014 - 20:25 | 4906186 tumblemore
tumblemore's picture

The politicians are bought. It's the people who bought them that are acting out of malice.


Sun, 06/29/2014 - 12:20 | 4907114 Calmyourself
Calmyourself's picture

Distinction without difference..

Sat, 06/28/2014 - 16:26 | 4905786 bcecil
bcecil's picture

Confiscatiing the wealth from the top 100 indivuduals in the world, which equal the bottom half or 3.5 billion people, would make a MAJOR DIFFERENCE, with a new world smalll comunity based political system

Sat, 06/28/2014 - 16:30 | 4905798 Solarman
Solarman's picture

As you confiscate assets, asset prices and velocity falls, ergo you get even less than what was there before.  Then nobody produces in excess as it is simply stolen, then you have North Korea.

Sat, 06/28/2014 - 17:05 | 4905844 are we there yet
are we there yet's picture

By top 100 do you mean the Rothchild family?

Sat, 06/28/2014 - 16:31 | 4905800 hairball48
hairball48's picture

Top Gear I may be just an ill educated old redneck who believes in the Austrian school, but...

You're a fucking moron. And you've truly stepped on your dick coming to ZH :)

Sat, 06/28/2014 - 17:21 | 4905867 XuscitizenSweden
XuscitizenSweden's picture

Thanks hairball48 :)

Thought exactly the same thing about this MF. Probably a real-live bot to boot.

Noticed this bottom-level tp yesterday....hard to avoid actually.

Regardless '*TP* Go Home' to Cunt-Cass Sunstein you electronic piece of shit.

Sat, 06/28/2014 - 18:19 | 4905978 Calmyourself
Calmyourself's picture



Sat, 06/28/2014 - 16:34 | 4905805 22winmag
22winmag's picture

When it comes to civil unrest... you better hope the U.S. military goes the way of the Egyptian military... arresting the traitors and restoring the Republic.

Sat, 06/28/2014 - 19:11 | 4906072 Dublinmick
Dublinmick's picture

Al Sisi is tribe

Sat, 06/28/2014 - 16:38 | 4905807 Jack Burton
Jack Burton's picture

Revolution is unlikely unless it is centered around something like a religion or ethnic grivance. You notice nations in revolutionary status are mostly civil wars over religion or ethnic identity or land. We don't see civil disorder based on unemployment and poverty. The poor are great at sucking it up and living in abject misery. The Bankers and Traders have captured government and use it both as an agent of looting and as their protector. I see little protest against falling incomes, rising unemployment, inflation in food and health care prices and a total loss of influence by the labor side of capitalism.

Despite the problems of crony capitalism, central bank policies to aid traders and bankers, constant war mongering and the taxes stolen to fund war making,and the end of full time work, all this seems to not move people to protest or revolt. The fact of massive new wealth transfers AFTER the 2008 financial crisis has not moved people!

It will take decades more of income collapse for the 99% before they take up the pitchforks. For now, they are just happy to eat McDonalds and Watch Corporate Media and buy cheap Chinese junk shit from WalMart. Revolution is far off, at least in the west.

As I said, revolution and social disorder is still centered around ethnic and religious issues that are set alight by poverty, but the center of the revoltes are not against the rich elites or bankers. For now, the elites are raking in wealth as never before in human history and government is their main tool to do it. Central Banking is owned by banker elites who use it to continue wealth transfers.

Go to cities like New York and London to witness the newly super rich who raked in billions AFTER 2008. For now, the governments have control over the masses who are in slow collapse of their living standards.

Sat, 06/28/2014 - 16:47 | 4905814 grekko
grekko's picture

Revolution isn't going to happen, unless the military splits and we get some serious support.  Chaos is the desired outcome from the NWO clowns.  Out of chaos comes order, with the traditional smoke screen of the Hegelian Dialectic.


So, we either get military support, or we never stop the chaos, or we're toaste.

Sat, 06/28/2014 - 19:33 | 4906100 MeBizarro
MeBizarro's picture

yeah because military juntas who overthrew their democratically-elected gov'ts has such a great track record of producing a reasonable period of transition with minimal violence, strong governance, and a transition towards a civilian-led gov't. 

Sat, 06/28/2014 - 17:12 | 4905853 El Vaquero
El Vaquero's picture

I would expect them to be divided by political, religious and ideological lines, even though poverty, corruption, etc... is what touched the thing off, and in MENA, that means a lot of ALLAH ACKBARing.  But beyond food getting more expensive (when people are poor, that will destabilize a country quicker than greased pig shit,) US involvement over there has done some serious damage too. 


If food gets to the point here where the average American household spends 40% of the median household income on food, you will see massive anger here, and you'll likely see people really dividing along political, religious and ideological lines.  Violently.


Sat, 06/28/2014 - 17:21 | 4905865 boodles
boodles's picture

I've been reading Crane Brinton's "Anatomy of Revolution," a comparison of the French, English, Russian and American revolutions written in the 1940s, I believe.  No ... 1938.

Anyway, Brinton claims that discussions become revolutions and agitations become action, when the following criteria are met (off of memory, here, so I hope I get this correct):

1.  The government tried to raise taxes or fees and ordinary citizens felt the burden was objectionable.  In most cases, the people refuse to pay.  (Obamacare?)

2.  Citizens engage in civil disobedience or engage in illegal actions.  The government responded ... unsuccessfully, and has to pull back.  Either the government force has to be decisive (a massacre of the people) but gross incompetence or simple mediocrity (not compassion) keeps the government from "doing what it has to do."  This is the test of force.

3.  The government loses control of its domestic armed forces.  (This, I fear won't happen as I have little trust in armed bureaucrats protecting their rent-seeking privilege). 


Sat, 06/28/2014 - 17:35 | 4905890 El Vaquero
El Vaquero's picture

This is just coming from the grape vine, i.e. not a scientific study, but I've been led to believe that the military is just as divided as the populace. 

Sat, 06/28/2014 - 18:22 | 4905984 Calmyourself
Calmyourself's picture

Bamster is hoping to enlist illegal aliens in the .mil to sway that division into a force he can control.

Sat, 06/28/2014 - 17:36 | 4905891 smacker
smacker's picture

hhmmm. I wonder what "English Revolution" Brinton was referring to.

Sat, 06/28/2014 - 18:22 | 4905981 therevolutionwas
therevolutionwas's picture

I don't think it will take decades, not even one decade, before the dollar collapses.  And it seems the gov't knows the possibility of economic collapse as they are buying up ammo, stocking FEMA camps, militarizing local cops, training troops for riot control, and on and on.  Other nations are actively working on getting out of the dollar which also spells trouble for the US.  The rich in the future may not be holders of paper assets.   Things change.

Sat, 06/28/2014 - 16:41 | 4905810 grekko
grekko's picture

Please quit with the negative Armstrong insults.  He's just telling it as he sees it.  We all do the same thing, even though we all see it from a slightly different perspective.  Nothing wrong with that.  Did 2 libertarians ever agree with anything wholely?  It's never gonna happen.  Let's be constructive here and have a good debate.


I offer a toaste to all ZH'ers!

Sat, 06/28/2014 - 17:01 | 4905838 IndianaJohn
IndianaJohn's picture


Sat, 06/28/2014 - 17:33 | 4905887 XuscitizenSweden
XuscitizenSweden's picture


Sat, 06/28/2014 - 19:35 | 4906107 MeBizarro
MeBizarro's picture

Telling you what?  This oped says and/or contains nothing of merit, analysis, or original thought.

Sun, 06/29/2014 - 04:07 | 4906650 Zoomorph
Zoomorph's picture

He has a poor writing style, doesn't appear to be very intelligent, and has nothing original or interesting to say. He ought not to write anything out of modesty, but I guess he lacks that, too.

Sat, 06/28/2014 - 16:47 | 4905815 Shagisland
Shagisland's picture

Y A W N ....  No One in the USA has the testicular fortitude to stand up to the gubment because it ain't that bad YET.  "I don't want to risk losing my Iphone and big screen TV and maybe take a bullet to stand up for freedom."  


There will be no revolution and there will be no civil unrest.  

Go back to watching your TV's and STFU.  


Sat, 06/28/2014 - 19:04 | 4906061 bunnyswanson
bunnyswanson's picture

Local cops killing the family dogs in Small Town America has brought the masses to their feet.  Yes, we can thank the Dogs for finally stirring awake The Sleeping Giant, The American Public.  And they are pissed.  They are killing our best friend.


We all see that the future looks dismal and rather than face a life of drudgery and need, many older folks are going to go down with the ship if you know what I mean.  It's just unacceptable to kill our dogs.  Anything but that.  Prepare for retribution.  When the Vietnam war ended, the story went that US soldiers were the cruelest on earth.  Now, you will see an example of why that was said. 

Sat, 06/28/2014 - 19:31 | 4906099 mastersnark
mastersnark's picture

Nailed it.

Sat, 06/28/2014 - 19:34 | 4906103 mastersnark
mastersnark's picture

Dude, the new iPhone is coming out. Give us a break. It's going to be bigger or something.

Sat, 06/28/2014 - 17:05 | 4905843 oddjob
oddjob's picture

I differ from Martin in that suits standing on the street corners begging for food would be a pretty sight. Warnings from cunts like him that have sponged a living for decades are probably disinformation at best.

Sat, 06/28/2014 - 17:44 | 4905906 Seer
Seer's picture

"I differ from Martin in that suits standing on the street corners begging for food would be a pretty sight."

Most won't have the time to "appreciate" it when it comes (should such a scene even expose itself).  Things will be in so much upheaval that the energy to "rejoice" in such matters just won't be there.

"Warnings from cunts like him that have sponged a living for decades are probably disinformation at best."

Could be disinformation, could also be ignorance.  In either way it's why I pay little attention to talking-heads, as they never actually relate to fundamentals/facts/physics.  If people are stupid enough to fund his living then all I can say is that it's unlikely that they did so because they had guns to their heads...

Sat, 06/28/2014 - 17:06 | 4905847 smacker
smacker's picture

"They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.” "

Wrong. It was not "they" who cried this, according to the Guardian article it was only Owen Jones, a young Hard Left wannabe yapping journalist who hardly knows what he's talking about. To get an idea of his tactics, try posting something on his blog that he disagrees with and check if it's still there 24 hours later or been dumped.

Sat, 06/28/2014 - 17:24 | 4905876 mastersnark
mastersnark's picture

He's an economist. Economists are stupid. Everything will work out, we just need to vote in 2014 and 2016. Voting solves everything. Just ask the Founding Fathers.

From what I recall from my government schooling, Washington et al. voted their way to independance after a lengthy and productive negotiation with the legitimate government.

Sat, 06/28/2014 - 17:26 | 4905878 smacker
smacker's picture

The jist of this article explains everything that is worrying about the growing civil unease.

Virtually every demo and act of civil disobedience being carried out is by the political Left and in the London example, the Hard Left.

These people want "less austerity" "more government spending" "higher taxation" (of the "rich", ie middle class) to pay for more welfare and more monuments to big-government & its bed partners, socialism and collectivism. What none of them want is less government, more freedom,  self determination, personal responsibility.

None of them understand that at the very centre of the economic crises and disintegrating societies lies "government". All the evidence available shows that "government" has been a catastrophic disaster and has become corrupted by criminality and mass incompetence.

When I see demos railing against "the disaster that is government", I will take notice.

Sat, 06/28/2014 - 17:39 | 4905901 Seer
Seer's picture

Sorry, but ideology has NOTHING to do with the certain failure/collapse.

Knee-jerkers love to pick up on popular populist themes, but they fail to understand facts, history and physics.

Here, defend your "argument" against a review of 3,000 of collapsed empires:

Sat, 06/28/2014 - 17:51 | 4905924 flysofree
flysofree's picture

These people don't understand economics: they believe in job creators who do god's work at country-clubs trading derivatives while little girls in Bangladesh sew  garments at $0.10/ hr, homeless collect cans at 5:00AM and and workers get up at 4:00AM so they can catch a bus to work.

Sat, 06/28/2014 - 18:07 | 4905953 smacker
smacker's picture

I never mentioned ideology. It hardly comes into it for most people because they don't know Left from Right. Even Empires don't collapse due to ideology but due to the widespread corruption and incompetence of those running them (and a few other things).

My point was that most of the people on the streets are not wishing to deal with the catastrophe that is "government" - which is directly responsible for the state we're in. These people want MORE government, as if that is ever going to make anything better, except increase their welfare benefits.

Sat, 06/28/2014 - 17:31 | 4905882 atthelake
atthelake's picture

What civil unrest? I haven't seen any.

Sat, 06/28/2014 - 17:42 | 4905898 flysofree
flysofree's picture

Martin Armstrong has become one of the biggest bankers' apologists. When he was arrested for defrauding Japanese bond investors, the judge demanded that Armstrong turn over his LARGE gold coin collection. Armstrong claimed that he did not have any. He was cited for contempt and re-cited every year for the next 7-years until the judge passed away.

Ever since he became a raving lunatic who sees SOCIALISTS and government whose only purpose is supposedly a relentless hunt for assets to tax. He even claims that the real purpose of NSA is to track all money so it can be taxed. IF this was true, why is it that the rich are becoming richer and end up paying less taxes than at almost any time in the history. Why do we have so many tax shelters, tax credits and foremost TAX HEAVENS that governments create so that the rich can evade payment of taxes.

The man is a banker and 1% agent who spreads myths about taxation and wealth.


Sat, 06/28/2014 - 18:05 | 4905944 therevolutionwas
therevolutionwas's picture

It sounded like he was blaming bankers not excusing them.  Read it again.  Otherwise, I don't care too much for Armstrong.  A lot of the time he makes things complicated when it's not, probably because his thinking is muddled in some areas.

Sat, 06/28/2014 - 18:37 | 4905992 flysofree
flysofree's picture

He only blames certain NY bankers and NY judges but not their wealth nor that he ever faults money managers, wealth managers, hedge fund managers, central bankers etc. I've been reading Armstrong since late 1990s.

I think that his market calls are the best in the industry.

Sat, 06/28/2014 - 17:55 | 4905932 Vendetta
Vendetta's picture

Agree about Glass-Steagall being the worst single 'act', disagree about the 'socialism' unless actually referring to 'socialism' for the bankers and corporations which is, in fact, corporatism.

Sat, 06/28/2014 - 18:27 | 4905990 libertysghost
libertysghost's picture

If capitalism can become corporatism...then why can't socialism.  I think the latter is already closer in real terms as it presumes no free markets.

And if socialism collectives capital in govt hands...isn't it capitalism without competition?  The only distinction seems to rest in a belief...a belief that "socialist" POLS aren't self-interested while everyone else is...hence the religious argument for socialism.  Just believe it a cohort of humabs instead of transhuman Gods.


How am I wrong?  

Sat, 06/28/2014 - 19:47 | 4906118 The Most Intere...
The Most Interesting Frog in the World's picture

If you don't like capitalism you are luck because we haven't seen true capitalism in this country for 100 years. We have crony communism right now. This economy where bankers select the politicians and the winners bares no resemblance to any form of free market economy.

If you don't want capitalism, you want communism - which is what you have. The thing that appears to piss communists off the most is other communists getting more than they are getting. For example, the labor movement. Labor got too greedy, public unions remain and are raping taxpayers along with the crony communist bankers and corporate elite.

Bend over communists and take what you deserve - you fucking voted for this shit!

Sat, 06/28/2014 - 20:02 | 4906138 Seer
Seer's picture

"If you don't like capitalism you are luck because we haven't seen true capitalism in this country for 100 years."

REALLY?  Please point out the exact time, seeing as you can "narrow" it down to 100 years ago.  I've been asking about this for quite some time and now, after all these years on ZH (for me) I see that a "newcomer" (19 weeks?) has the "answer!  So, please bring it.

"If you don't want capitalism, you want communism"

Logic FAIL!

That's like saying you have to vote for either the Blue or Red team.  Has the thought ever occurred to you that there actually can be something other than coke or pepsi?

If you so love capitalism then you'll have to overlook a major flaw: it can only work with growth- that is, no one has yet been able to offer up a demonstration for/of how it could work w/o it; and, let's get real here, it's ALL based on growth, AND we're on a finite planet- perpetual growth is mathematically impossible.

Empires don't collapse due to ideological issues (it's NOT a Red vs. White thing as so many have been programmed to believe)*.  The commonality is the very same thing that affects ALL living things- overshoot (overruning the environment- exhuasting one's environment [got oil?]).

* Here's an honest review of 3,000 years worth of empire collapses:

Sat, 06/28/2014 - 20:53 | 4906229 The Most Intere...
The Most Interesting Frog in the World's picture

Have not voted for blue or red for some time. Blue or red was set up by our communist government to control the outcome.

Your stupid fucking questions don't deserve an answer. You have no idea what you are talking about and you have no interest in free market capitalism.

Sun, 06/29/2014 - 04:42 | 4906666 Zoomorph
Zoomorph's picture

Logic FAIL!

I lol'd.

we're on a finite planet- perpetual growth is mathematically impossible.

Correct. Capitalism (like everything else?) on a "universal" level (applied to everyone) is infeasible. It's only feasible in pockets where there is room to grow and free resources to claim. In a finite system where growth is limited, the logical conclusion of pure capitalism would be that all power would eventually be concentrated in one person. (This might be the same conclusion, actually, in pure capitalism with infinite resources as well.)

The second problem with capitalism is that it only works if life is castrated of violence, coercion, or the breaking of contracts, which will never happen. In fact, this loophole is the only thing that saves everyone else from the single person where all power would otherwise become concentrated. He with power has the economic advantage in capitalism. Theft is the advantage that everyone else has against him.

So it should be clear that capitalism and libertarianism are dreams of another world that will logically never work in any pure form in reality. But what more do they mean or represent?

The desire to castrate some element of life (ie. violence, poverty, lying, deception, etc) is a popular bias of humans that life is bad, flawed or imperfect. This is pessimism about life. It is also the desire for security (something known, a guarantee to cling to, and a bound on suffering). What does it mean that the majority of humanity is so pessimistic about life that it idealizes a different world? Is that a sign of sickness, decay, or weariness in humanity? (Just throwing out some questions, skeptical that anyone on here is interested.)

Many people actually dedicate their lives to causes like eliminating violence or poverty. How silly - these things, too, are mathematically (logically) necessary elements of life that will never be eliminated from this world.

Sat, 06/28/2014 - 18:07 | 4905955 RevRex
RevRex's picture

Armed to the teeth's coming ...paybacks are a bitch and revenge is a motherfucker

Sat, 06/28/2014 - 18:53 | 4906045 flysofree
flysofree's picture

Comment typical of ZH moron. How's your buddy Cliven Bundy doing?

Sat, 06/28/2014 - 19:36 | 4906108 mastersnark
mastersnark's picture

He's famous and not paying DC anything. So I'd say "pretty fucking awesome."

Sat, 06/28/2014 - 20:12 | 4906155 Seer
Seer's picture

I very much doubt that he's withholding all taxes (just the land-use ones*).

* Interesting is that the precursor to the BLM laws actually has benefitted Bundy.  Cattle ranchers like him back in the day were teaming up with local govt types to kill and drive off sheep folks: although I don't know the actual facts (tend to get buried with the bodies) one could claim that the sheep herders were fucking up the land by over-grazing (sheep are good at that); and, well, the BLM was the by-product of working up a "solution" to ensure that over-grazing didn't happen; now that the BLM has pretty much limited the players, and therefore made life easier for Bundy et al, Bundy doesn't want to pay grazing fees.  Read up on history about the "Sheep Wars."

Sat, 06/28/2014 - 20:06 | 4906145 Seer
Seer's picture

Yup, ZH has its share.

And, you're right about Bundy.  I tried warning people about siding up to a horrible poster boy (underneath it all he's a hypocrite).  Egg on face...

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