This page has been archived and commenting is disabled.

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.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 06/28/2014 - 18:54 | 4906046 flysofree
flysofree's picture

DP

Sat, 06/28/2014 - 18:17 | 4905973 arby63
arby63's picture

Don't kid yourselves  girlie boys.....

Sat, 06/28/2014 - 18:28 | 4905991 tumblemore
tumblemore's picture

This always happens when the banksters screw up the economy really badly. All the little problems around the world get magnified into big problems all at the same time.

 

 

 

Sat, 06/28/2014 - 18:33 | 4905999 spqrusa
spqrusa's picture

All these articles end-up with the conclusion that the people need to wise-up. It is not possible. 40% of the "voters" are on the take. The other voters are left with false choice since the two-headed party makes true competition impossible. There is no way out but revolution of the worst variety.

Sat, 06/28/2014 - 18:39 | 4906006 Atomizer
Atomizer's picture

Iraq CIA and 500 million dollars needed by a bowel movement POTUS.

Sisters of Mercy - Dominion

Sat, 06/28/2014 - 18:58 | 4906043 Batman11
Batman11's picture

Politicians who are seen to just work in their own self interest and not the public interest can be un-elected.

Bankers and businessmen cannot.

Prior to 2008 bankers worked in their own self-interest to generate bonuses on the back of sub-prime, the vast majority of these bankers are still there with no public accountability.

Even small scale businesses find it works in their self-interest to form cartels to keep prices up and wages down. The public can do nothing about it. For bigger businesses, monopolies are very good for profits

Leading up to 2008 bankers and corporations took the profits of globalisation and almost nothing fed back into wages.

When the bubble burst, the global banks and corporations had no interest in getting things going again, it fell to national institutions like Governments and Central Banks. The banks stopped lending and the corporations sat on their cash piles and engaged in share buy-backs waiting for national institutions and tax payers to get things going again.

Everyone works in their own self-interest but at least politicians can be un-elected if they are seen to do this to any extent.

With most of our main stream poiliticians now in bed with the global banks and corporations, democracy gives the opportunity for new parties to rise up and challenge the status quo.

Democracy is the only means the public have to influence the larger world they live in and without it we will all be at the mercy of un-elected global banks and corporations.

New parties are already rising across Europe, the tide is turning.

Business leaders never bought an end to child labour and slavery as they were good for profits.

Be careful what you wish for.

Sat, 06/28/2014 - 19:55 | 4906127 Comte d'herblay
Comte d'herblay's picture

Au Contraire, Batman.

 

"we will all be at the mercy of un-elected global banks and corporations".

 

1) Recently the voters of Mississippi,  Yew Nork as well as Kentucky voted to return to office Thad Cochran, Charlie Rangel, and Mitch McConnell.

2) The voters have given Congress a 15% rating.

3) These two statements can only be reconciled if the "Voters" in each sentence are different people.  

From where I sit, "the global banks and corporations" are mechanisms which have employed Thad Cochran, Mitch McConnell, and Charlie Rangel to do their bidding. These men were elected and could have been Un-elected by the voters. 

Conclusion?  The VOTERS themselves are the real problem, returning to office the most corrupt of them. 

I am not as optimistic tha even if the incumbents ----who have retunred to their states, due to their seniority, 2.50  for every dollar they were taxed----were thrown out that the newbies wouldn't be just as beholden to the global banks, and corporations, nullifying the vote entirely, essentially bypassing 'democracy'.

 

Sat, 06/28/2014 - 20:02 | 4906136 Atomizer
Atomizer's picture

That's why I'm not going to buy BMW M5 until 2015 

 

Sat, 06/28/2014 - 19:06 | 4906064 boodles
boodles's picture

What are we going to do to foment a revolution?  Or, do we?  Seems that we don't need "Community Organizers," as much as that flashpoint that suddenly ignites all that lies dormant and dry.

Sat, 06/28/2014 - 19:22 | 4906080 MeBizarro
MeBizarro's picture

Armstrong gets my vote for laziest and worst op-ed contributor currently on Zero Hedge.  

Sat, 06/28/2014 - 20:25 | 4906187 My Days Are Get...
My Days Are Getting Fewer's picture

Ok, I will skip the qualitiative analaysis.

 

But, take a look at the number of posts his missive has generated.  And, many writers have a belly full of fire.

 

I would prefer the daily postings of Armstrong's thoughts - those will generate immediate and vitriolic counterpoints worth studying.

Sat, 06/28/2014 - 20:40 | 4906207 MeBizarro
MeBizarro's picture

So the numbers of commentators on an article is indicative the quality of the content?  This is click-bait and nothing more.

Sat, 06/28/2014 - 21:19 | 4906265 My Days Are Get...
My Days Are Getting Fewer's picture

You are wrong - the quality of the post to this article is better than most because the writers have something worth reading.

 

Why do you even both to read anything on the Internet - just study the Harvard Classics and write your memoirs.

Sun, 06/29/2014 - 21:55 | 4908505 MeBizarro
MeBizarro's picture

It is about driving traffic to the website and Armstrong's post due that in spades. 

There is plenty of stuf reading on the Internet and this is remotely it.

Sat, 06/28/2014 - 21:36 | 4906290 UselessEater
UselessEater's picture

Armstrong, Rickards etc are insiders. Cycle model known only to Armstrong??? What B.S. However I follow both because they have insider info and are pitching what I consider some half truths in the fashion of Tavistock combined with other info to misdirect us... perhaps there is value in working out some of the misdirections?

Armstrong claims to predict events, well I've read enough to know MANY knew when things were going to happen eg 87 crash, 911 and traded profitably on that info. Just recently I read some old John Rappoport interviews with traders given 10 days advance notice of the 87 crash, Catherine Austin Fitts stumbled on odd bond trades a week before the 2004 Tsunami that only made sense AFTER the Tsunami.

IMO its worth ZH posting some of this crap - I enjoy reading the comments especially when people are trying to piece together how we get out of this hellish game and go beyond ranting about hanging bankers but explore the matter in more depth.

At least I've learnt more about Armstrongs history from posters who have confirmed my suspicions about this guy and I have a better context now to use when reading his "articles".

Sun, 06/29/2014 - 04:44 | 4906667 Zoomorph
Zoomorph's picture

Have you seen an article by that Charles guy? Believe it or not, I think he's worse.

Sat, 06/28/2014 - 19:24 | 4906084 Dublinmick
Dublinmick's picture

Yes sir the people are about ready to make themselves heard

http://www.peopleofwalmart.com/category/featured-creature/?gdsr_sort=vot...

Sat, 06/28/2014 - 19:31 | 4906096 FightingtheFed
FightingtheFed's picture

I just want to say that as a professional a person with a decent life wife job who lost pretty bad in the crash and have lost even worst since the crash as a result of QE to infinity there's nothing more in this world I'd like to see than to see the people most responsible for this fiasco executed in cold blood.. That includes all participants of the Federal Reserve System, Bankers and Wall St Moguls, and the Establishment Politicians who turned a blind eye as the People were Molested by Wall St, the Fed and the Bankers.

 

Burn the motherfuckers! I seethe everyday as a result of their fraud.. . I would gladly go hungry and lose everything to see these bastards punished for what they did to my Nation.

 

 

Sat, 06/28/2014 - 20:01 | 4906134 European American
European American's picture

I agree whole heartedly, but who's going to do it? You? Me? Fellow commenters of the ZH crowd? The problem, as I see it, is we just aren't angry enough in America to take a proActive approach to storm the WH. As I also see it, committed and heroic people are going to die (gloriously) to achieve what you envision and Americans seem to be just too complacent to get up from their computers to do what needs to be done.

Maybe its the water (flouride). Maybe it's that 1 in 4 are on Psychotropics or 1 out of 2 is on some Rx drug? Maybe it's the GMO in the junk food? Maybe it's that most Americans are just trying to stay afloat, financially, to assert themselves ourside of their perceived comfort zone. Maybe FEAR of annihilation is just too much for nervous systems teetering on the brink. I don't know what we are waiting for...someone ELSE to do it for us? 

Sat, 06/28/2014 - 20:49 | 4906226 FightingtheFed
FightingtheFed's picture

Will have to get a good bit worse.. By and large people are still making it.. I'm just angry because I see the writing on the wall and I understand the fraud that has been committed.

Sat, 06/28/2014 - 21:53 | 4906317 UselessEater
UselessEater's picture

Enjoyed your comments. At least on ZH one doesn't feel crazy (a small but needed comfort) and I also feel less of a fool for losing most of my networth in the GFC - I was a conditioned idiotic uselesseater who fell into every trap even ignoring my fathers advice because hell, what does family know!!!

So I lost a lot but have regained my sense of family, woken up and taken preparatory steps with my family, I try to share the info with others - get pissed they won't listen while Australia, NZ, USA, Canada, etc fall down the well... but at least I know I am not falling for the globalist line anymore, I have myself & my mind back in my hands not lost in their propaganda, that is a good starting measure of freedom IMO.

Now just gotta make sure me and mine can do what we can to enjoy a decent happy life knowing we've also tried to inform others and support genuine change as best we can wherever we maybe.

Sat, 06/28/2014 - 22:32 | 4906380 WhackoWarner
WhackoWarner's picture

Ordinary people are just surviving.  Until this crap is broken down into simple terms there will be no uprising. No change,

Until inflation hits so hard that babies cannot be fed.

Look at the simple history.  1930's hit when many could not afford to eat.  We are not there yet.  And Mr. Armstring is still sitting on some fantasy.  Nice going martin.  Glad to see your private websites and conferences and consults...all to bring in the bucks buddy.

I ask marty baby how many years of seemingly "populist" opinions can replace his missing income for the years he missed not becoming part of the 1%?

I do not trust this man enough to lend him my lawnmower for a day. You broke it, you bought it would never ring true.

Sun, 06/29/2014 - 05:52 | 4906699 Ocean22
Ocean22's picture

Most are asleep.

http://youtu.be/oqB4L-V67iM

Sun, 06/29/2014 - 00:18 | 4906510 nathan1234
nathan1234's picture

Perhaps a Bankster Bay on the lines of  Guantanamo Bay would be ideal for these criminals, with all those affected by their actions in charge of this facility.

Burning is too quick and mercifull. And after all they are also behind Guantanamo Bay too. A taste of their own medicine before their exit would be in order i presume.

Sat, 06/28/2014 - 19:48 | 4906119 European American
European American's picture

"Consequently, we just have to crash and burn and start all over again."

I think we, those that spend some time here at ZH, have known for some time this was coming. Just how and why this "plane" is still aloft is the real mystery. In addition, it would seem our preparation, by now, for the "crash", should be somewhat in place. The big question for me is How extensive will the "burn" be, i.e. wil it be contained, somewhat, within the "wreckage" site or will it immediately jump the containment area and spread a catastrophic global wildfire to all ends of the earth, e.g. creating conditions presently seen in Iraq, Ukraine, Afghanistan?

Sat, 06/28/2014 - 22:20 | 4906367 UselessEater
UselessEater's picture

Learning about and watching the faciliated shift from West to East, I suspect the global wildfire will be hardest on the western nations at first.... the USA is the first target, the rest of us are then domino's.

Whilst I disagree with some of Catherine Austin Fitts approaches, her concept well backed up IMO, of a breakaway civilization within the USA (and possibly others western nations) seems valid. Worth researching and considering for your personal plans. Arming yourself to the teeth and bunking down while 'advertising' the fact may make you a drone target or the target of an angry mob propagandized by the globalists; dying does not help future resistance movements flourish. Be discrete, prepared and adaptive as you can to the reality of the west-east shift and breakaway civilization. Be wary of these stupid Hollywood movies like Book of Eli, Mad Max etc that have Tavistock written all over them, they paint survivalists into a corner with a huge target and destroy our creative skills at adapting - one must adapt to survive and create genuine resistance. It is hard to adapt when you not had to - take this thought slowly, think like a person from Zimbabwe or Argentina for a moment to grasp my clumsy point.

An aside point be very alert to suicides by decent farmers, business owners, etc - you do not want this, the media intentionally under-reports this because its the resistance movement killing itself which suits them.

Sat, 06/28/2014 - 20:07 | 4906146 Atomizer
Atomizer's picture

You can always pay cash on pennies on the dollar 7 year financial swing 

Sat, 06/28/2014 - 20:07 | 4906147 tradewithdave
tradewithdave's picture

In the Russell Brand interview released this morning, he suggests that "neglect" is the best form of non-violent revolution.  Presumably to neglect the existing system (i.e. voter registration, automobile registration, cable tv subscription, hollywood movie ticket purchases, not suing your neighbor when his dog does its business in your yard, not getting your flu shot at CVS).  When individuals operate within the panopticon of the surveillance state it makes revolution a bit more challenging as individuals fear being branded for life and unable to pay back their student loans because they were photographed at a demonstration or charged with public urination and branded as a sex offender for the rest of their life all because they decided to show up at a public march. 

What happens on Monday if no one shows up at the post office or the voter booth or the local court house to sue their landlord/tenant.  What if people start walking instead of driving, lose weight, get healthy and reduce dependence on high blood pressure and diabetes meds?  What if people eat a plant-based diet, drink green juice and shun the soda companies?  What if folks cut their cable tv subscriptions, check on their elderly neighbor's well-being and that octogenarian doesn't have to dial 911 just because they fell out of the bed and can't get up but rather they can call their neighbor?  Every dispatched 911 call results in more money allocated to fund the beast of bureaucracy.  "But that would hurt the firefighters"  No, that would hurt the unions and the municipalities and if your argument was true then smoke alarms hurt the firefighters and can you keep a straight face when you find out how much your local city manager gets paid bhwaaahaahaa.

What if families choose to home school, refuse to buy clothing and phones made by slave labor and food that is processed with ingredients such as high fructose corn syrup, hydrogenated vegetable oil and gluten?  "But that would hurt the teachers and the farmers"  No, that would hurt the teachers union which has nothing to do with teaching and everything to do with money and power and the Koch brothers who I don't think are farmers.  I've criticized both Russell Brand and even Chris Hedges recent "call to pitchforks" as being "wristband revolutions", but the surveillance state requires some new approaches if it is also going to starve rather than feed the prison industrial complex. 

When people change their habits in such a way that it impacts their spending and their dependence, although it's not as exciting as a Tiananmen or Tahrir Square and lacks the made-for-TV moments, the impact is felt.  Just imagine your local court house if no one showed up because there were no speeding tickets and no domestic disputes.  Just imagine the Doctor's office is no one shows up asking for "the purple pill."  Just imagine the judge sitting there with no plaintiffs, the place would be out of business in 90 days, the drug salesman with no sales because instead of watching the TV commercials of couple's rowing canoes and climbing mountains to sit in matching bathtubs people would actually listen to the soundtrack of all the medical risks associated with "the solution". 

Here's the Brand interview on Max Keiser.    http://tradewithdave.com/?p=21346

Sat, 06/28/2014 - 20:22 | 4906179 Elliott Eldrich
Elliott Eldrich's picture

 

"...the drug salesman with no sales because instead of watching the TV commercials of couple's rowing canoes and climbing mountains to sit in matching bathtubs people would actually listen to the soundtrack of all the medical risks associated with 'the solution'. "

Because it may cause agitation, palpitations, excessive salivation, constipation, male lactation, rust colored urination. Hallucinations, bad vibrations, mild electric shock sensations, but it's worth it for the drugs I need! (From the Progenitorivox jingle as sung by the Austin Lounge Lizards.)

http://www.youtube.com/watch?v=eZPZG92iYE4

Sat, 06/28/2014 - 20:27 | 4906189 surf0766
surf0766's picture

Fuck Russel whoever. Why does his opinion count more than anyone here on ZH. Another asshole singer actor shithead who thinks what he says is important.

Sat, 06/28/2014 - 21:16 | 4906257 tradewithdave
tradewithdave's picture

I don't agree with Russell on most things, but do you think you could school a lamestream media anchor (Z-big's daughter) like Brand does here?... this is why people listen to him because of his rhetorical skill set.  That's why rhetoric is one of the trivium... people listen.

https://www.youtube.com/watch?v=mDCtFTyw6fI

Sat, 06/28/2014 - 22:45 | 4906398 UselessEater
UselessEater's picture

Russel Brand is a classic Tavistock op. Lots of funny half truths pointing to socialism as the answer. Whilst I have compassion for reformed drug addicts, his success, media access and leverage and history point to a man compromised. I watched an interview where he set up a woman with weird 'space' views for mockery and cruelty perhaps to paint himself as not that extreme - regardless when someone gets too much mainstream media attention one should ALWAYS be suspicious. He's far too "hip" to be a good thing and Aussie mates who do not realise how socialist they really are and couldn't define 'Liberty' if it were not in the Green movement dictionary, love him. 'Nuff said.

Sun, 06/29/2014 - 12:21 | 4907122 surf0766
surf0766's picture

He is just another asshole

Sat, 06/28/2014 - 21:35 | 4906287 Totentänzerlied
Totentänzerlied's picture

What if every reader of ZH gave me, like, $500 or monetary equivalent of his/her choice?

Just another hypothetical that will never happen. Can we stick to reality? You know, that place where at most 30% of a population ever actively participated in a political revolution, and the overwhelming majority of human history is (proximately!) the result of the actions of an extreme minority euphemistically known as "leaders", and where most of the population fits the dictionary definition of a chattel slave.

Sat, 06/28/2014 - 20:45 | 4906218 Goolie
Goolie's picture

Everybody see this?  Absolutely brilliant!  Incredible production values.  Someone is finally on our side:http://thekronies.com/

Sun, 06/29/2014 - 06:43 | 4906732 Cthonic
Cthonic's picture

Yes, it is.  Interview with the creator.

https://www.youtube.com/watch?v=OuQ6uctK_Y4

Sat, 06/28/2014 - 21:00 | 4906236 The Most Intere...
The Most Interesting Frog in the World's picture

Gotta go... Here's to hoping Top Gear chokes and dies on his own puke tonight!

Sat, 06/28/2014 - 21:14 | 4906255 mcsean2163
mcsean2163's picture

It's a pity to see an anti socialist tag getting attached to an ant capitalist March.

Ot, It's so weird that Americans get worked up about two parties, republican and democrat that are basically the same.

Sat, 06/28/2014 - 21:17 | 4906263 TeraByte
TeraByte's picture

It is not farfetched to see today as a parallel to folly exactly hundred years ago and the tragedy that followed. Now however the stakes are immensely greater. The elite like the aristocracy then live in their own virtuality, while an increasing share of the world´s population becomes on daily basis better equipped to follow and to see through rules´ actions. Combine the dangerous instability in the Middle East and other Muslim nations with the West´s and China´s oil interests and  with the global general economic mess to be dealt with a major inflation and looting the majority´s assets. Add to this EU´s misjudging and ignoring sovereign national interests and you see an enormous fuel load everywhere just waiting to be ignited.

Sat, 06/28/2014 - 21:19 | 4906266 ableman28
ableman28's picture

Phil Graham, principal author of the legislation to repeal the Glass Steagal act, will, if history is actually written and studied 50 years from now will be recognized as one of the primary architects of the collapse of the American financial system.

As a bought and paid for politician his subsequent career in the banking industry, he is currently Vice Chairman of UBS Investment Bank division (seriously, you can't make this kind of shit up) his self interest and loyalty to the elites were more motivating that any responsibility he felt to the common folk.

 

 

Sat, 06/28/2014 - 22:53 | 4906401 UselessEater
UselessEater's picture

Only if we get an 'underground' education system.

Do people realise that most ZH posters are a thousand times more accurate than our schooling system...and we don't even agree with eachother on salient points ;)

We're the educators of the future!?! One of the reasons my family collects hard copy books which are a hassel to store but beat kindle and other digital alterable books anytime. Hence J Farrell's (Babylon Banksters) annoyance when they released his new book via kindle first -it can be subtly altered.

Sun, 06/29/2014 - 06:29 | 4906724 Cthonic
Cthonic's picture

 "it can be subtly altered"

Or, take multi-terabyte snapshots of wikipedia, to watch how it is subtly butchered over time...

Sun, 06/29/2014 - 02:40 | 4906608 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

I'm glad you mentioned Phil Graham. I have analysed this

over and over, and you are right. Phil Graham shilled more than any American to destroy Glass-Steagal. Phil Graham is without a doubt the worst American ever invented by God IMHO. Thank you for recognizing what a lowdown slimebucket Phil Graham was to the average American and every citizen of the world. Phil Graham makes Bernie Madoff look like an amatuer when all is said and done. A more accurate statement could not be found. Graham

was the nexus point of doom the world over. Phil Graham was worse than Ayn Rand and Alan Greenspan put together.

Sun, 06/29/2014 - 05:11 | 4906674 enloe creek
enloe creek's picture

don't forget mike Oxley of findlay ohio one corrupt bought off POS who fought the sarbanes oxley bill in the house til it looked like it was going to pass then attached his name on it. He had such a republican district and so much in corporate donations he divided it up to other wanna be representatives who tow the line for the corporations just like dear old mike Findlay is a backwater little town with marathon oil , cooper tire and a pretty good assortment of large employers and many many happy republican voters

Sat, 06/28/2014 - 21:27 | 4906275 Notsobadwlad
Notsobadwlad's picture

Yes, of course while it would be satisfying to condemn bankers and politicians, that is not Christ's way.

Please, do not fall for the trap. That is what they want.

Sat, 06/28/2014 - 21:50 | 4906313 tradewithdave
tradewithdave's picture

You mean Christ Jesus of Nazareth who drove the money changers out of the temple with a whip he crafted with his own hands? You mean the Christ who overturned their tables? That Christ who by-passed Murray Rothbard and the Austrian School's non-aggression principal of libertarianism. Thought so...

Sat, 06/28/2014 - 21:41 | 4906297 grunk
grunk's picture

We know the private schools where the elites send their kids.

Checks and balances.

Sun, 06/29/2014 - 11:37 | 4907059 Top Gear
Sat, 06/28/2014 - 21:46 | 4906307 rsnoble
rsnoble's picture

Is it really the people against the gov't?  Or the people against corporations?  Not going to do any good to get rid of a 1000 clowns when they buy 10,000 more to replace them.

Sat, 06/28/2014 - 23:11 | 4906434 UselessEater
UselessEater's picture

Agreed we're witnessing the greatest spread of non-national power in history. Corporations are killing us all. A return to national soverignty and nationalism today does not mean what it meant previously no matter how convenient it is for the media to paint international conflicts as intern-"national" they are corporate wars using 'globalism' thinking at their convenience (eg UN Agenda 21) and 'nationalism' at their convenience (e.g. American people against the Russian etc people).

Sat, 06/28/2014 - 23:00 | 4906413 Leraconteur
Leraconteur's picture

Even confiscating all the wealth of the so-called rich will not sustain the system.

 

Very difficult to get this point through to most people.

 

Even when you show them the IRS AGI figures they don't understand that there is not enough money to do what everyone wants done (but does not want to pay for).

You end up with Cuba - implosion of all asset and income figures down to $30 a month, 60 year old autos used as forced jitneys when you pass a cop waving you down to pick someone up, and other such signs of equality.

The money and wealth just disappears, goes down a credit Mises clawback hole. And the autarchs of course get their share - but not all of it.

These events destroy wealth. 

Sun, 06/29/2014 - 03:43 | 4906643 AnAnonymous
AnAnonymous's picture

Who is going to blockade 'american' countries?

Sun, 06/29/2014 - 09:18 | 4906864 tradewithdave
tradewithdave's picture

"The credit Mises clawback hole" (haha) good one. It's a Fekete FOFOA-esque Freegold electric spaghetti fork spinning in reverse in search of Woodford's zero lower bound. I call it the prebit. We move from pay later credit to pay now debit to prepaid prebit as the blockchain is deployed.

A great reason to QE to infinity so that you can evacuate the value from one system and then prepay it into the next. We're moving from an economy based on policy relating to Occidental vs Oriental resource allocation to an "equanomy" capable of measuring all inputs/outputs (via the blockchain's public record of all transactions) and means test every welfare recipient standing in line at midnight at Wal-mart waiting for their Snap card to kick in.

http://tradewithdave.com/?p=21053

Sat, 06/28/2014 - 23:04 | 4906421 Omegaman2211
Omegaman2211's picture

When the fuck did ZH get full of religious fucktards?

Sat, 06/28/2014 - 23:16 | 4906450 UselessEater
UselessEater's picture

Identifying rights as God given not Man given suits me just fine and I ain't religious in any traditional or new age sense, nor am I atheist or American but I now understand your Constitution and Bill of Rights has a lot going for it.

Sun, 06/29/2014 - 01:05 | 4906551 Dublinmick
Dublinmick's picture

Lay off Chumbawamba, he is one of the better posters on here.

You really don't understand the word religion is taken from the Greek meaning pathway to truth. Now who can possibly be against finding the truth? What are you some kind of retard?

 

I am Mickster! :)

Sun, 06/29/2014 - 10:50 | 4906963 BruntFCA
BruntFCA's picture

Turns out a lot of religious people get really annoyed when you point out the obvious or problems with their pathway to the "truth". This is particularly the case when it applies to the semitic religions of Islam, Judaism and Christianity.

Sun, 06/29/2014 - 11:21 | 4907025 Jerome Lester H...
Jerome Lester Horwitz's picture

Turns out a lot of atheists get bent out of shape when they discover not everyone is an atheist.

Sun, 06/29/2014 - 01:37 | 4906573 Bemused Observer
Bemused Observer's picture

They must have snuck past when the Stormfront refugees left the door open...

Sun, 06/29/2014 - 02:08 | 4906595 Dublinmick
Dublinmick's picture

Are you dead set against philisophical discussion also?

Who is more foolish, the child afraid of the dark or the man afraid of the light?

Distrust everyone in whom the instinct to punish is powerful....Nietzsche

Those who would deny you information already consider themselves your master ... Nietzsche

Sun, 06/29/2014 - 10:34 | 4906941 dsty
dsty's picture

nietzsche had a horrible death

he found out too late that his so called wisdom was a trap from the pit

Sun, 06/29/2014 - 02:20 | 4906598 Dublinmick
Dublinmick's picture

What we need is more pinheads laying down the perameters of what can be discussed and what can't

Sun, 06/29/2014 - 19:37 | 4908179 chumbawamba
chumbawamba's picture

lol, yeah!

Sun, 06/29/2014 - 08:22 | 4906792 tradewithdave
tradewithdave's picture

I think the entire John Locke/Adam Smith idea of capitalism required Judeo-Christian principles (think Ten Commandments) to function because in its absence the concept of breaching moral hazard is absent. With no boundary to contain the individual pursuit of free enterprise you end up with expressions such as those of Hank Paulson, Tim Geithner and Lloyd Blankfein as being acceptable or even self-described as "doing God's work."

Capitalism is a great system when the participants are regulated by such principles and participants refuse to interact with those who breach the moral boundaries with disregard for how their externalities are manifest on their fellow man. In absence of basic ideals such as fair play, reputation and concern for our fellow man, capitalism deteriorates into an ugly exposé of the true evils born out of man loving money.

Ironically you need the concept of forgiveness and repentance for capitalism to function. This is why we are now witnessing the existential rise of the blockchain because there is no forgiveness in the blockchain. There is no grace. There is no credit, only the prepaid prebit model which will allow those with the higher starting balance (thanks to QE).

The ability to pay back debt requires the possibility that debt (like sin) may have to be forgiven through jubilee if the debtor cannot pay. With the introduction of unforgivable debt and 3 dimensional accountability for all income and expenses ala the public record of all transactions, you have the "perfect" control mechanism for a new world order like the one Vice President Joe Biden spoke of recently. That order won't have paper money and it most certainly won't depict In God We Trust.

Ironically it will depict one thing on every transaction- the day, month and the year. That year, every time you see it is a proclamation of one thing and one thing only... the year of our Lord 2014.

Sun, 06/29/2014 - 10:03 | 4906909 Crawdaddy
Crawdaddy's picture

Outstanding explanation TWD. Yes it is ironic. Anno Domini embedded in every transaction.

All these posters complaining about expressions of faith are apparently not aware that the NWO crowd are big believers in God. They do not doubt God's existence at all. They just joined the other team and want to be as God themselves.

Sun, 06/29/2014 - 10:35 | 4906943 dsty
dsty's picture

when did zh become full of narrow minded athiests?

Sun, 06/29/2014 - 10:41 | 4906945 Jerome Lester H...
Jerome Lester Horwitz's picture

Good grief...you have been here 23 weeks. Go take your indignation and endless prattling about atheism elsewhere. Here's to hoping you procreate a slew of mentally retarded children as a reward for throwing around words like fucktard.

I am Curly!

Sun, 06/29/2014 - 10:47 | 4906960 dsty
dsty's picture

boy isn't that the truth

how many times have we said things that have come back to haunt us!

Sun, 06/29/2014 - 10:58 | 4906982 Jerome Lester H...
Jerome Lester Horwitz's picture

No kidding. The new left's political correctness...do not offend anyone except Christians and it is always ok to belittle someone by insinuating that their mental state is flawed by attaching tard to the end of some word. Offend Christians? Ok...check!
Offend mentally retarded people by calling someone else some word with tard attached to the end of it? Ok...check.

These fools tell themselves that this somehow will show the world how enlightened and intelligent they are. It tells me that the new left is filled with hateful, stupid people.

Sun, 06/29/2014 - 19:41 | 4908193 chumbawamba
chumbawamba's picture

You do realize you just wished a bunch of retarded people onto yourself?

Like I said somewhere else around here: be careful what you wish for...

Galatians 6:7, yo.  You should be wishing and praying for the enlightenment of your detractors.

-Chumblez.

Sun, 06/29/2014 - 13:06 | 4907222 Top Gear
Top Gear's picture

Religious fucktards, say you? The Right to Property comes from God. John Locke says so:

"...Or Revelation, which gives us an account of those Grants God made of the World to Adam, and to Noah, and his Sons, 'tis very clear, that God, as King David says, Psal. CXV. xvi. has given the Earth to...make out Property, upon a supposition, that God gave the World to Adam..."

~John Locke
Second Treatise Chap. V, Of Property

Sun, 06/29/2014 - 19:49 | 4908211 chumbawamba
chumbawamba's picture

Let me put it this way:

I honestly don't know where my right to property comes from.  I couldn't tell you as all I've seen is what other people claim is the truth based on this or that book.

But I can tell you what I do know: I haven't seen the evidence that it came from government, or that The Government was established by some natural process with the power to vest or strip rights.  In fact, I haven't even seen this "The Government" and don't know if it really even exists.  It's kind of like the "imaginary man in the sky": I see a lot of evidence of it (people in funny costumes with badges, buildings with columns sporting impressive titles in Roman font, and various notices posted about the place), but I've never seen this actual person named The Government.

Sounds like a figment of peoples' collective imaginations to me.

Since no one else has a claim on me as far as I can tell, at least not one I'm prepared to recognize without irrefutable evidence that I consciously and voluntarily gave up my title to me, then I declare myself to be the owner of me, and I declare my rights to be those that I decide them to be.

I am Chumbawamba.

Sun, 06/29/2014 - 01:20 | 4906429 Manipuflation
Manipuflation's picture

Well, I have been waiting for a long time now.  I have my silver dimes and my crates of ammo and I am not the only one who does.  But it won't be me who starts it.  I am the guy who will finish it though.  I do not need any more guns and I do not need any more ammo.  I need someone to say, "Lets go".  You can't buy that guy.  

The situation is tenuous at best to be sure.  I just want the powers to be to know that I see their weaknesses.  For example your cops are fat and out of shape.  Those ticket writing tubs of lard are not a Navy SEAL.  And hey, that is what is I see almost everyday; fat fucking cops writing out speeding tickets.  How about a speeding bullet into your fatass cop belly?  

What?  You don't like it?  Is that a terroristic threat?  NO, It's me calling you a Fat Fucking Worthless Piece Of Taxpayer Sucking Shit Cop.  We pay you to fuck us?  Really?  Let me tell you something about your stupid bullet proof vests...  does anyone really believe they are bullet-proof?

Gone are the days of Mayberry.  I have seen this with my own eyes.  I really don't care about the shit the cops think they have for ordinance.  Yeah, it's pretty good stuff but they do not know what we have.  I can only say this, I am not afraid of them and that they should be terrified of us.  I would offer a truce to the cops in the situation they are in.  I really do not think that it needs to be a bloodbath.  As a matter of fact, one of my goals in life was to never kill another human being and thus far that policy has held true. 

However, in a time of need, I may suspend that rationale.

Sat, 06/28/2014 - 23:43 | 4906472 dojufitz
dojufitz's picture

So that's Jesus.......the one with the tattoo................thank God he came back..................

Sun, 06/29/2014 - 01:36 | 4906571 Bemused Observer
Bemused Observer's picture

I think its Russell Brand...

Sun, 06/29/2014 - 10:54 | 4906973 dsty
dsty's picture

some folks in hollywood get that attitude don't they

Sat, 06/28/2014 - 23:52 | 4906482 HughJanus
HughJanus's picture

The revolution will not be televised

Sun, 06/29/2014 - 00:03 | 4906486 cape_royds
cape_royds's picture

1. Armstrong suffers from the common misconception that socialism is about the welfare state. Socialism is about a workers' state, not a welfare state. The welfare state was the capitalists' effort to try to bribe people away from socialism.

2. Socialists aren't going to take away rich people's wealth. Socialists are going to take rich people's control of the means of production. Not the same thing. As far as socialists are concerned, Mr. and Ms. Bourgeois can keep their fucking yacht. However, they might have to paddle it themselves.

3. Socialists don't like the Free Shit Army. It's the bourgeosie who don't mind the Free Shit Army, since the bourgeoise have so much in common in the Free Shit Army. Like the FSA, the bourgeoisie like to have other people work to support them. The bourgeoisie and the FSA are two sides of the same coin.

Sun, 06/29/2014 - 00:26 | 4906516 IridiumRebel
IridiumRebel's picture

3. Hard working people do not like the Free Shit Army. It's the politicians who don't mind the Free Shit Army, since the politcians rely so heavily on the bought off votes from the Free Shit Army. Like the FSA, the socialists like to have other people work to support them. The socialists and the FSA are two sides of the same coin.

Fixed it for ya.

Sun, 06/29/2014 - 07:32 | 4906767 hootowl
hootowl's picture

If you are paying taxes to support The Beast, you are part of the problem.  You are financing the enslavement of yourself and your own children and grandchildren.

Good luck with that.

 

STARVE THE BEAST!!!!

Sun, 06/29/2014 - 09:01 | 4906846 IridiumRebel
IridiumRebel's picture

Well, that sounds great off the top, but they'll throw my ass in jail if I don't pay taxes.....my motivation. At that point my kids get dispersed via child services and the whole thing becomes a loss. Nice thought though.

Sun, 06/29/2014 - 11:12 | 4907005 Manipuflation
Manipuflation's picture

Exactly IR.  When we decide to go than it has to be for everything.  Do or die.  I am not going to any jail unless as a corpse at which point I won't care anymore.

Sun, 06/29/2014 - 08:42 | 4906824 headhunt
headhunt's picture

There is no difference between socialism and tyranny.

The end result is always the same, destruction of economies and their societies - it always ends with people murdered in large numbers.

Socialism or whatever cute name you want to give tyranny nevers works - maybe if we were ants.

Sun, 06/29/2014 - 14:05 | 4907383 torak
torak's picture

Now, remind me again why Gérard Depardieu is now living in Russia?

Sun, 06/29/2014 - 00:00 | 4906491 bbq on whitehou...
bbq on whitehouse lawn's picture

“Who is really responsible for the mess this country is in? " Mothers and the guilt they use to manipulate their children.
Its a cycle. Going back thousands of years. The tool of guilt is often miss used. Boy's full of guilt end up crusty old farts who have mommy issues. Whole cultures of women and men paying, temple tax, matchmakers and dowrys. From craddle to grave, women have influenced commerce.
So its your mothers fault.

Sun, 06/29/2014 - 10:43 | 4906954 Top Gear
Top Gear's picture

Mother, do you think they'll try to break my balls?

Sun, 06/29/2014 - 10:58 | 4906981 headhunt
headhunt's picture

If you mean mother F'ing unions and their mother F'ing union communist agenda led by the teachers unions, I agree, otherwise you have some serious mommy issues.

Sun, 06/29/2014 - 00:29 | 4906505 Hongcha
Hongcha's picture

What if 99.99 percent of Amerikans remain willing slaves, so long as the food source is open and their teevees turn on when they hit the remote?

If you would rather die than be a slave you are one in a million and you will probably be standing alone on the line.  So I expect to be, I  add it as a factor in that long formula in my mind.

What if in fact they turn on you for wanting liberty?  Happened and happens all the time.  Your neighbor will probably turn you in.

These are all mathematical problems in the final analysis.  One incontrovertable mathematical truth is that most people will knuckle under when you feed them with one hand and pound on them with a truncheon with the other.

We'll see eventually how far our flabby fishwhite Amerikan bros are ready to go.  Don't wish for that day, fellow armchair revos, we won't like it when it comes.

Btw that British freek giving the rousing speech is simply a narcissist.  Behold your leadership.

Sun, 06/29/2014 - 02:07 | 4906594 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Karl Marx posited violent revolution by the masses. One need not be a Grumpy Marxist anymore because the writing is now on the wall and the jury is in with their verdict. Look at the ever increasing frequency of articles that are stating 'civil unrest' will manifest eventually. 2008 Bear Stearns time was the literal end of capitalism. We know we need to re-boot before mass civil unrest even remotely starts to manifest. We also know that once the mass unrest starts there will be no recalling it and herd behaviour is very weird when one looks at contagion. So, with logic it would seem prudent to just start making the plans to change society right now. Any statistician worth their salt knows that this shit can't continue and that the longer we wait the more impossible the task will be. Zerohedge users know we are all up-shit-creek-without-a-paddle IMHO. I, for one,
don't want the military taking the task on and would prefer if we do it now rather than wait for the MIC to do it for us. Clearly, we need to invent an iron clad currency and an honest arbiter to manage it. The USA 'Fed' is a global joke that few are laughing about and the American Government would be well advised to understand that they could put their better foot forward and accomplish the task without corruption if they wanted to. I'm Canadian but I know my neighbours to the south have the brains to do the job but lack the willpower to take the appropriate steps. Americans can be world class leaders when they put their heart into things and that's what the American Government has lost with a degraded currency and a really rotten attitude. As I lean over the fence to talk to my neighbours to the south I sometimes wonder if they even give a shit anymore? Americans need a swift kick in the rear end IMHO. The American way is not to screw the world over and create wars and aggression so that the rest of the world thinks you have collectively gone downright fucking MAD en masse. This shit has to stop and it is up to Americans to put a stop to their own shit.

I'm a friend to Americans but I don't take shit from anyone and your 'Fed' is pissing the entire world off right now in case anyone cared to notice.

p.s. don't make me come down there and open a can of whoopass on you people, eh, for cryin' out loud.

Sun, 06/29/2014 - 03:01 | 4906615 pakled
pakled's picture

I dunno. We may need the help down here. We've pretty much lost control of the few levers of power we were grasping. The local police are becoming indistinguishable from the military and from Homeland Security. The authorities are well situated, and clearly expecting, civil unrest. We need to go outside the box for a solution.

 

Not everyone realizes that our thoughts are precursonrs to our reality. So if you want to help think peaceful thoughts, think peaceful solutions, think that we can all evolve past this and survive.

Sun, 06/29/2014 - 03:34 | 4906636 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

I'm not a Buddhist, I'm an Anglican. Power sits at the right hand side of God in my cosmological view of the world. Power is not in the hands of the Military Industrial Complex or Satanists like the Bilderbergs or CFR. Power sits at the right hand side of God. If you want 'power' deal with God and maybe you will find some if you ask nicely.

Sun, 06/29/2014 - 05:44 | 4906690 Ocean22
Ocean22's picture

Message for Americans.

http://youtu.be/_QZLuu_8du4

Sun, 06/29/2014 - 02:23 | 4906603 Moustache Rides
Moustache Rides's picture

I know i'm going to get railed on for this but i have to say it.. Russell Brand is a fucking insider sucker of satan's cock.  I don't trust that guy at all.  He's so deep in Hollywood and gets photographed with known MK ultra victims...

Go ahead let the trashing commence lol

Sun, 06/29/2014 - 02:40 | 4906609 smacker
smacker's picture

No red-down from me.

Russell Brand is a Lefty. Isn't that the case with most of the big names in Hollywood and many other celebrities?? They frequently peddle Left-wing causes in between behaving like prima-donnas.

Sun, 06/29/2014 - 03:41 | 4906640 AnAnonymous
AnAnonymous's picture

Armstrong is an 'american'.

He keeps using the same protocols as 'americans'. Because he is an 'american'

He starts: the problem is people are misinformed. Maybe. Then he does what an 'american' propagandist does: he misinforms.
Does it mean he is the problem? Does it mean 'americans' are the problem?

Civil unrest is increasing? On what ground? 50,000 'americans' parading in UK?

Most important point: this kind of movement grow in power when they are empowered by 'americans'

Many examples over the last few years: they go nowhere without being empowered by 'americans'

Who is going to empower those movements in 'american' countries? What kind of foreign power will do that? The Russians? The Chinese?

Once again, this 'american' propagandist would like to sell the idea that 'americans' are going to rebel against themselves. 'Americans' dont do that.

They are very good at using popular movements to destabilize foreign countries (this site posted the existence of an 'american' agency who gathered knowledge in order to use peaceful movement to overthrow government, knowledge that was applied in various places like during the arab spring, Maidan events etc)

But they do not apply that kind of things to themselves.

Armstrong, the 'american' propagandist.

Sun, 06/29/2014 - 04:52 | 4906670 Zoomorph
Zoomorph's picture

Why does every post by this guy full of 'american' this and 'american' that?

Sun, 06/29/2014 - 07:25 | 4906760 hootowl
hootowl's picture

Anonymous has fallen prey to a Geopolitical depressive psychosis, engendered from being on the outside, looking in, through the wrong end of an internationalist misanthropic telescope........Made in China.

Sun, 06/29/2014 - 04:23 | 4906659 Sandmann
Sandmann's picture

So the World is waiting.....what are Americans going to do to take back their Republic from the Oligarchs ? All we read and hear is noise, but nothing changes. Alan Greenspan destroyed the system yet three Presidents kow-towed to him. What is wrong with your US political system ? You expect Germans to have reined in Hitler but you are useless at reining in Obama, Bush-Cheney, Clinton, Reagan.......you have let your country be turned into a Global War Machine coupled to a Surveillance State and you live in THE MATRIX.

 

So what are you going to do about it, hope than Chinese missiles destroy your population centres ? Pathetic.....

Sun, 06/29/2014 - 05:41 | 4906688 Ocean22
Ocean22's picture

Agree. The matrix is REAL.

http://youtu.be/oqB4L-V67iM

WAKE UP !

Sun, 06/29/2014 - 06:22 | 4906718 Zoomorph
Zoomorph's picture
"Depopulation Agenda exposed"

Sounds promising, overpopulation is definitely a problem.

Sun, 06/29/2014 - 07:14 | 4906746 hootowl
hootowl's picture

Agreed,....there are way too many banksters and useless elites.

Sun, 06/29/2014 - 10:48 | 4906961 headhunt
headhunt's picture

Too many government employees and government union members - start there

Mon, 06/30/2014 - 06:09 | 4908956 dreadnaught
dreadnaught's picture

lets eliminate CONgress  round em up and.......

Sun, 06/29/2014 - 06:26 | 4906723 Againstthelie
Againstthelie's picture

Ofcourse nothing changes.

When in hinstory have things changed, when people were not hungry but too fat?

NEVER.

Sun, 06/29/2014 - 07:12 | 4906740 hootowl
hootowl's picture

Take away the EBT cards and government food and the revolution will start by this afternoon.

First the Ebonic Plague will burn down their own houses and businesses.  Then they will begin killing each other....oh,....wait!

The Ebonic Plague prefers a high fat diet, so those Ebonics too obese to walk will be consumed first......More meat and fat to render for deep frying the Ebonic children.

Those Ebonics that prefer white meat will have to risk lethal blowback from the armed and dangerous, slow-to-arouse, non-Ebonics.

Sun, 06/29/2014 - 10:19 | 4906922 Top Gear
Top Gear's picture

<< the Ebonic Plague >>

Only crackers know how to do civilization and capitalism. Darker shades of skin are anti-property.

"In short; RACIALIST SCIENCE is properly not an act of aggression or a cover for oppression of one group over another, but, on the contrary, an operation in defense of private property against assaults by aggressors."
~Murray Rothbard, dean of the Austrian school of economics, founder of American libertarianism
lewrockwell.com/rothbard/ir/­Ch75.html‎

"[The Native Americans] didn't have any rights to the land ... ANY WHITE PERSON who brought the element of civilization had the right to take over this continent."  ~Ayn Rand, US Military Academy at West Point, March 6, 1974

Mon, 06/30/2014 - 06:07 | 4908955 dreadnaught
dreadnaught's picture

taking away jobs for some strange reason will have the same effect

Sun, 06/29/2014 - 05:02 | 4906672 GreatUncle
GreatUncle's picture

The crash and burn concept ... you mean eventually joined together WW3 where all certainty of any outcome is not guaranteed to anyone?

Eaxh tiny war may chip away a small amount of debt but we are still adding a far larger amount of debt to fight the wars YOY socially and politically.

I do believe Sun Tzu would come out with the tatical concept of fighting a war on debt rather easily.The debt driving this must be removed just like a weapon and then there is no war.

 

Sun, 06/29/2014 - 05:34 | 4906675 Zoomorph
Zoomorph's picture

Here's how it should "end":

1) Destroy the middle class (drop the middle class down a peg, get everyone dependent on the government)

2) Cripple the lower class (get them so weak that they can't defend themselves)

3) Enslave the lower class

4) Re-educate the slave class (slaves need to be smart enough to do the range of modern labor, but also accept their roles. a religion or set of moral values should work. perhaps a multiple class system as well.)

5) Re-educate the master class (judeo-christian moral values ought to be wholly rejected by them.)

Question for ZHers: What side would you rather be on, the slave side or the master side?

If you choose the master side but aren't currently in power, you have your work cut out for you. You'll need to either: A) get yourself promoted by the existing masters or B) win (steal) power by orchestrating a coup or revolution.

If you choose the slave side then don't worry, you'll be taken care of without any creative effort required on your part, just follow everyone else. Even slaves have their joys, you know, so don't be discouraged by the the term. Modern age slaves will enjoy free TVs, iPads, and video games in their free time.

(I know that you all dream about a world without slavery, where everyone is equal, but that world will never exist because it is a biological impossibility - a mere metaphysical mistake and fantasy - so if you want to step back into reality you'll have to choose from one of the above. Refusing to choose one of the above will automatically default you to the choice of "slave".)

Sun, 06/29/2014 - 10:14 | 4906917 Top Gear
Top Gear's picture

<< Question for ZHers: What side would you rather be on, the slave side or the master side? >>

Master, of course.

With a free-market whip.

"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
lewrockwell.com/block/block134.html

I really like that word voluntary and how useful it has become.

 

Sun, 06/29/2014 - 06:30 | 4906720 Againstthelie
Againstthelie's picture

Armstong never talks about compound interest which enforces exponential growth on our limited planet and concentrates the wealth at the money lenders.

Why is Armstrong distracting from it?

Sun, 06/29/2014 - 07:53 | 4906772 Chuck Knoblauch
Chuck Knoblauch's picture

Why do some Firefighters commit arson?

Fire bugs just want to watch the world burn.

Sun, 06/29/2014 - 10:18 | 4906919 Crawdaddy
Crawdaddy's picture

Apt metaphor there Chuck. The globalists are comprised of half firefighters, half arsonists.

Sun, 06/29/2014 - 10:46 | 4906958 headhunt
headhunt's picture

and in the world of government percentages - half psychopaths

Sun, 06/29/2014 - 07:34 | 4906743 NuYawkFrankie
NuYawkFrankie's picture

"Civil Unrest Is Rising Everywhere"

- brought to you by ZIO-Punk USSA-RAEL Enterprises. 

Enjoy The Show.

Sun, 06/29/2014 - 07:24 | 4906754 someoneelse
someoneelse's picture

The glass-steagall blame game is lame.

All of the buiding blocks for the fin crisis were in place prior to its abolition and the author's implied logical link between using depositors savings to fund hedge fund investments is factually wrong.

The modern banking system is not reserve (deposit) constrained --  banks make investments then settle up their reserves, most often through tapping the Fed for a short-term loan.

Banks may be complicit in a lot of the existing financial problems, but get they should be blamed for what they've actually done, not a political talking point.

Absent the Fed's stupid interest rate policy, for example, what impact would abolishing glass-steagall have been?

Sun, 06/29/2014 - 07:25 | 4906758 pcrs
pcrs's picture

Glass Steagel a read hearing. It's the aproval of the initiation of force that is the problem. Everything else floows from that.

Sun, 06/29/2014 - 09:55 | 4906901 Top Gear
Top Gear's picture

Initiation of force is fine. Can't have private property without it.  Civilization is based on "the right to take."

"[The Native Americans] didn't have any rights to the land...Any white person who brought the element of civilization had the right to take over this continent." ~Ayn Rand, US Military Academy West Point, 1974

Anthropology confirms Rand's observation about civilization:

"Civilization originates in conquest abroad? and repression at home." ~Stanley Diamond (1981) In Search of the Primitive: A Critique of Civilization, p.1

Only a primitivist thinks we should behave like its the Garden of Eden or some shit.

Force is like fire. It powers civilization, in metered doses, controlled by the technology we call "government," just like gasoline is controlled by a carb in an engine.  Yeah, I realize too much gas causes problems and engine fires. That doesn't mean gasoline is bad. It just means that it needs well-governed.

Well-governed gasoline and initiation of force is just a way to power civilization.

Sun, 06/29/2014 - 07:27 | 4906764 muleskinner
muleskinner's picture

FRN's are not money, minted coins with precious metal content is money.  That is why it is called money.

Martin Armstrong can say any darn thing he pleases.  I will agree with the words 'won't end pretty'.  

The only resource holding this bidness all together is oil and when that begins to become a problem, it won't be pretty.  Right now, it isn't much of an issue since there is plenty of it sloshing around each day to the tune of some 75 to 80 million barrels; however, the day will come when that all changes.  Then you'll see collapse and the natives will be restless, for sure.  It will be bad when oil isn't as plentiful and believe me, there is a lot of it.  No oil spells an end, the end.

"Things ain't bad yet" said the old timer, "I've seen one dog eat another," he continued.  

The words he spoke were during the Great Depression and were quoted in a conversation ca. 1980.

 

 

 

Sun, 06/29/2014 - 09:49 | 4906896 Top Gear
Top Gear's picture

Debt is money, and that is all money ever has been. Even "gold is really just an IOU."

"...a banknote is simply the promise to pay something of the same value as an ounce of gold. But that’s all that money ever is. There’s no fundamental difference in this respect between a silver dollar, a Susan B. Anthony dollar coin made of a copper-nickel alloy designed to look vaguely like gold, a green piece of paper with a picture of George Washington on it, or a digital blip on some bank’s computer. Conceptually, the idea that a piece of gold is really just an IOU is always rather difficult to wrap one’s head around, but something like this must be true, because even when gold and silver coins were in use, they almost never circulated at their bullion value."

David Graeber (2011) Debt: The First 5,000 Years http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

Boys, it's time to put away the libertarian coloring books, and start reading some reality-based anthropology.

 

Sun, 06/29/2014 - 11:03 | 4906992 BruntFCA
BruntFCA's picture

That's the best post you made in a while. However the point is that gold fits the purpose of an IOU quite well. Copper, nickel and paper are a lot easier to mass produce and therefore to produce a fraudulent IOU. If I print out a bunch of paper that was never exchanged for human value (money is just a store of human effort; IOU), then I am in engaged in the fraud of seniorage. I am diluting the value of all other IOU in circulation. Now try to print out a bunch of gold...oh wait.

If you read more history and anthropology books you will see that Kings tended to pay their subjects in garbage like wooden sticks (tally sticks), cheap tokens or paper. No king would accept such trash as an IOU. Hence, paper is the money of the plebs, silver the money of gentlemen, and gold the money of kings.

Sun, 06/29/2014 - 11:21 | 4907020 sessinpo
sessinpo's picture

Top Gear
BruntFCA

----

So what do you two brilliant minds suggest  as a widely acceptable medium of exchange?

Sun, 06/29/2014 - 12:01 | 4907093 Top Gear
Top Gear's picture

Whatever "the market," which is actually a derivative of government's funding of the military, dictates.

"...money and markets do not emerge spontaneously...if one simply hands out coins to the soldiers and then demands that every family in the kingdom was obliged to pay one of those coins back to you, one would, in one blow, turn one’s entire national economy into a vast machine for the provisioning of soldiers, since now every family, in order to get their hands on the coins, must find some way to contribute to the general effort to provide soldiers with things they want. Markets are brought into existence as a side effect."

David Graeber (2011) Debt: The First 5, 000 Years http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

Markets = Government Provision for Military. Sure war is a racket. War is the market-maker! May as well get rich off it.

Sun, 06/29/2014 - 11:56 | 4907085 Top Gear
Top Gear's picture

Right back to the goldbug coloring books they go.  LOL!

Sun, 06/29/2014 - 19:16 | 4908103 Againstthelie
Againstthelie's picture

Debt is money, and that is all money ever has been. Even "gold is really just an IOU."

If I dig gold out of the ground, it's not an IOU.

If a state or a community issues money into circulation, it's not necessarily debt.

It's only debt if a balance sheet says it is debt (and therefore must be paid back).

And even then, it could be created free of interest.

 

Ofcourse TPTB try to make the sheeple believe, interest slavery was without alternative.

Sun, 06/29/2014 - 08:24 | 4906796 T-NUTZ
T-NUTZ's picture

Nothing will happen until the supply-chain disruption begins.   Then it will happen alarmingly fast.

Sun, 06/29/2014 - 09:05 | 4906849 headhunt
headhunt's picture

Several winters ago an ice storm closed down the interstates for several days, in those few days the grocery store shelves looked like something out of the old USSR, bare shelves and random cans of beets.

Would not take long to disintegrate.

Sun, 06/29/2014 - 08:23 | 4906797 deerhunter
deerhunter's picture

I had a nephew overdose on heroin and die this past week.  He was my oldest sisters oldest son.  He was 25.  He had it all.  Loving family.  Plenty of money.  Pampered really.  But since he was 2 he never slept a full night in his life.  A troubled soul.  In and out of rehab and doing fine the last two years.  One night.  Gone.  One step back,  the final step.

To all who talk about slaughtering and gutting banksters.  To all who talk about killing the cops and unhappiness with government I say this.  Put up or shut up.  I was campaign manager for a friend who ran for city council.  He is anti tax,  anti insane unions and their pensions and anti business fees and taxes.  He won,  small steps.  Our city of 90k has 3 million dollars in a rainy day fund yet charges us 2.75 for a leaf and lawn bag tag unless it is April,  Sept  Oct.  We are doing away with it.  Small changes.

Washington and our national level government is unchangeable quickly.  Local school boards and local government is a starting point.  Those who wish for chaos,  anarchy,  killing the rich I ask one thing.  Has someone making less money than you ever signed your paycheck? 

I am lost for words for my sister and her family.  If the sky is falling don't ignore it.  Do you want massive change when you go into work Monday.? Go to your HR,  accountant,  payroll department,, whatever the case and claim 20 dependants on your federal withholding.  Your contributions to the Washington beast stop your next paycheck.  If 30% of working Americans did that on Monday you may affect some changes.

All this kill them all stuff sounds silly when I think of my nephew and my oldest sister.  Life is precious,  priceless and irreplaceable.  We need organization,  not chaos.  Enjoy today,,, life is what we make of it.

Sun, 06/29/2014 - 08:44 | 4906829 cherry picker
cherry picker's picture

Deer Hunter

 

Life is precious and my condolences

 

However 'Has someone making less money than you ever signed your paycheck? '

You are talking to a former owner of a number of small businesses who paid people and had to go without eating for two to three days as I was flat ass broke after payroll

Sun, 06/29/2014 - 11:26 | 4907030 sessinpo
sessinpo's picture

Not sure I understand your post. It would seem if you read his comment in context, he isn't disagreeing with you. So why however?

Sun, 06/29/2014 - 13:09 | 4907227 Ckierst1
Ckierst1's picture

He's simply saying that he was making less than the people he was paying because he couldn't afford to eat for several days after meeting his payroll at that time. I hope he is doing better now!

Sun, 06/29/2014 - 19:55 | 4908235 KingTut
KingTut's picture

We are all sorry for your nephew, and your family.

ALthough Heroin is a truly dangerous form of self-medication, it is the fact that you have get it from some low-life on the street that causes so many ODs.  You never know what you're getting.  How many people like Seymor Hoffman and your nephew do we have to loose before we wake up?  Oxycodone and Heroin are both derrivatives of of Morphine.  They are both additictive and dangerous, but one  pharmacutically pure and essentially legal, and the other is considered evil so its illegal, and kills more people BECAUSE its illegal

Obviously, a politcally powerful group makes money off heroin, so it remains illegal.

I say make them all legal, and spend the DEA money educating young people (everyone actually) to stay away from this crap, and to help them if they fall into the trap anyway.  If its legal it won't have that undergound bad boy glamour to it.  It will be a totally clinical experience, simply for getting to the point where you can quit.

Sun, 06/29/2014 - 08:49 | 4906811 buzzsaw99
buzzsaw99's picture

I disagree with Armstrong that socialism is the problem. Socialism is a symptom. Wealth isn't the problem either per se as the concentration of wealth is actually price inflation negative in a lot of ways. The problem with wealth is that it corrupts the gubbermint in order to collect more wealth. Then as he said, they get bailouts when it all goes wrong. Furthermore they install socialist programs to placate the masses from rightfull rioting using public money. No, taking the wealth of all the rich people and corporations wouldn't pay for the socialist programs but it would eliminate the corruption that is at the root of it all.

Sun, 06/29/2014 - 09:41 | 4906890 Top Gear
Top Gear's picture

One man's "corruption" is another man's free trade in government services. If you were wealthy, you'd do exactly what they do, buy government on the free market.

Don't forget, government initiates markets as a side effect of funding the military.

"...money and markets do not emerge spontaneously...if one simply hands out coins to the soldiers and then demands that every family in the kingdom was obliged to pay one of those coins back to you, one would, in one blow, turn one’s entire national economy into a vast machine for the provisioning of soldiers, since now every family, in order to get their hands on the coins, must find some way to contribute to the general effort to provide soldiers with things they want. Markets are brought into existence as a side effect."
~David Graeber (2011) Debt: The First 5, 000 Years http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

Sun, 06/29/2014 - 11:03 | 4906994 flysofree
flysofree's picture

Buzz you need to start somewhere to even out the playing field. Wealth redistribution is the only way, the alternative is total economic collapse for everyone.

Sun, 06/29/2014 - 13:01 | 4907205 Ckierst1
Ckierst1's picture

That somewhere is laissez faire, the only economic philosophy that levels the playing field by denying the monopoly of force (government) the ability to choose winners and losers.

Sun, 06/29/2014 - 11:29 | 4907041 sessinpo
sessinpo's picture

    Government like any organization has natural biological dersires to expand and grow. Therefore it must take from others. Humans, as a whole, do this also. This is why there is no perfect answer or utopia.

Sun, 06/29/2014 - 12:53 | 4907191 Ckierst1
Ckierst1's picture

The problem isn't socialism, it's that it and the other failed systems of political economy need to be replaced by laissez faire free enterprise (to do so kills the Federal Reserve as well, which is necessary.). This is required to again create wealth and rebuild a vibrant middle class.

Sun, 06/29/2014 - 08:58 | 4906844 JiminGA
JiminGA's picture

All government systems evolve as the ancient Greeks observed:

1. Monarchy

2. Aristocracy

3. Democracy

4. Tyranny

5. Oligarchy

6. Ochlocracy (mob rule)

7. And then the cycle starts over 

It's all been seen many times before.

Sun, 06/29/2014 - 09:21 | 4906866 eishund
eishund's picture

I read in a certain book that in the final cycle, there is a Theocracy somewhere. 

Sun, 06/29/2014 - 10:25 | 4906926 smacker
smacker's picture

I've seen other similar cycles but in this one I cannot see how "6. Ochlocracy (mob rule)" gets followed by "1. Monarchy" in a start over.

Here's another one:

"A matter of time...
"A democracy cannot exist as a permanent form of government.
It can only exist until the voters discover that they can vote
themselves largesse from the public treasury.

From that moment on, the majority always votes for the candidates
promising the most benefits from the public treasury, with the result
that a democracy always collapses over loose fiscal policy, always
followed by a dictatorship...

The average of the world's greatest civilisations has been two
hundred years. These nations have progressed through this sequence:-
From bondage to spiritual faith; from spiritual faith to great
courage; from courage to liberty; from liberty to abundance;
from abundance to complacency; from complacency to apathy;
from apathy to dependence; from dependence back to bondage."

--Alexander Fraser Tytler (1747-1813)--"

Mon, 06/30/2014 - 00:51 | 4908797 ThirteenthFloor
ThirteenthFloor's picture

There is a period of Dark Age between the fall (Mob Rule) to the rebuilding to a Monarchy.  It is explained in Plato's Republic that those in power go into hiding and reappear as the civilization begins to re-form.

What Tyler describes is what may indeed happen, the IMF and Global Government re-access and debt consolidates the EU and US.  Which may very well happen here.  If people complain they are shipped to a FEMA camp as slave labor (bondage).

Mon, 06/30/2014 - 00:37 | 4908780 ThirteenthFloor
ThirteenthFloor's picture

Yes notably in Plato's Republic.

The elite goes in hiding (hibernation) during the dark age periods, then reappears in power during the next cycle.  They are well aware of their "hibernation" preparations.

A thermo-nuclear exchange, bio-weapon release could interrupt this cycle.

Mon, 06/30/2014 - 00:44 | 4908787 ThirteenthFloor
ThirteenthFloor's picture

Not unlike the "pump and dump" cycles in the markets as well.  Lifecycle theory applies to much (if not everything) in the universe.  

Sun, 06/29/2014 - 09:12 | 4906860 deerhunter
deerhunter's picture

Cherry Picker I too have been a small business owner and paid sales force before myself.  At the end of the day I believe we have to produce a good or a service deemed of more value than the customer doing that work or producing that good themselves.

I meant no disregard for the small business owner.  They are or at least were at one time the backbone of our country.  On our watch though we all have allowed the beast that is big government to run amok in our country. I think it is past the point of no return but I think it will take something huge to wake up the masses.  EBT shut off would be one

Sun, 06/29/2014 - 09:14 | 4906861 ak_khanna
ak_khanna's picture

The whole system of crony capitalism works towards making a minute portion of the population rich at the cost of the others. In true capitalism, weak and inefficient organisations fail to be replaced with better managed ones whereas in the current democratic system those very incompetent organisations are made bigger by tax payers funded bailouts.

llusion of Democracy today.

People sponsored by the rich, make false promises to the masses to get elected. Distribute national wealth amongst themselves and their sponsors (Industrialists) and when that is not enough borrow money from rest of the world and continue the distribution process. The borrowed money has to be paid back by taxing the masses keeping in mind that tax rules are made such that the politicians and their sponsors pay minimum or no taxes.

End of political tenure, rinse and repeat till the whole system breaks down and the world wealth is cornered by a minuscule of the population.

http://www.marketoracle.co.uk/Article40231.html

Sun, 06/29/2014 - 09:35 | 4906881 Top Gear
Top Gear's picture

A crony is just a friend.  What, you don't have any friends to trade with, and are envious? And true capitalism is designed to concentrate wealth into higher, righter, and tighter hands.

Sun, 06/29/2014 - 12:37 | 4907158 Ckierst1
Ckierst1's picture

Spoken as a true elitist! Welcome to the light of day! Wrongo, laissez faire capitalism is exemplary at leveling the playing field so that others may enter the market to compete against the rest without your fascists choosing winners and losers. True "capitalism" is laissez faire. Your cronyism is mercantilistic, not capitalistic, although this capitalism stuff is merely Marxist bullshit jargon. Use proper philosophies of political economy to maintain rigor. It is socialist (and some other) philosophies of political economy that eventuate your elitism. You may trade with your friends until you're wacky. It's just a circle jerk. It will prove unsustainable and you may justifiably wind up with a lamp post as a necktie.

Sun, 06/29/2014 - 13:02 | 4907208 Top Gear
Top Gear's picture

I am, indeed, an elitist, and much superior to you, a better man. Don't mind if I'm fucking arrogant about it.

"You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. If this be arrogance, as some of your critics observed, it still is the truth..."

~Ludwig von Mises, letter to Ayn Rand, 23 January 1958

Sun, 06/29/2014 - 17:56 | 4907900 Everybodys All ...
Everybodys All American's picture

No. You're simply an asshole. Look that up on wiki.

Do NOT follow this link or you will be banned from the site!