This Is Your Recovery, And This Is Your Recovery Without Drugs

Tyler Durden's picture




 

Submitted by Jim Quinn via The Burning Platform blog,

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”Thomas Jefferson

Does this chart portray an economic recovery in any way? Wages have been stagnant since the START of the supposed recovery in 2010. Real median household income, even using the highly understated CPI, is on a glide path to oblivion. You just need to observe with your own two eyes the number of Space Available signs in front of office buildings, strip centers and malls across America to realize we have further to fall. Low paying, part-time burger flipping jobs aren’t going to revive this debt saturated economic system. But at least the .1% are enjoying their Federal Reserve created high. Fiat is a powerful drug when administered in large doses to addicts on Wall Street.

The S&P 500 has risen from 666 in March of 2009 to 1,972 today. That is a 196% increase in a little over five years. During this same time, real household income has fallen by 7%. There have been a few million jobs added, while 11 million people have left the labor market. According to Robert Shiller’s CAPE ratio, the stock market valuation has only been higher, three times in history – 1929, 1999, and 2007. He seems flabbergasted by why valuations are so high. Sometimes really smart people can act really dumb.

The Federal Reserve balance sheet was $900 billion before the 2008 financial crisis. Today it stands at $4.4 trillion. The Fed has increased their balance sheet by 220% since the March 2009 market lows. Do you think there is any correlation between the Fed puppets printing $2.4 trillion and handing it to their Wall Street puppeteers, who used their high frequency trading supercomputers and ability to rig the markets so they never lose, and the third stock bubble in the last 13 years? It’s so self evident that only an Ivy League economist or CNBC anchor wouldn’t be able to see it.

sp500fedbal

 

Let’s look at the amazing stock market recovery without Federal Reserve heroine pumped into the veins of Wall Street banker addicts. If you divide the S&P 500 Index by the size of the Federal reserve balance sheet, you see the true purpose of QE1, QE2, and QE3. It wasn’t to save Main Street. It was to save Wall Street. Without the Federal Reserve funneling fiat to the .1% banking cabal and creating inflation in energy, food, and other basic necessities for the 99.9%, there is no stock market recovery. The recovery has occurred in Manhattan and the Hamptons. It’s been non-existent for the vast majority of people in this country. The wealth effect and trickle down theory have been disproved in spades. The only thing trickling down on the former middle class from the Fed is warm and yellow.

sp500fedbalratio

The entire stock market advance has been created on record low trading volumes and record high levels of monetary manipulation. Even though the Federal Reserve has driven senior citizens further into poverty with 0% interest rates, those with common sense have refused to be lured back into the lion’s den. They have parked record levels of fiat in no interest bank and money market accounts. They are tired of being muppets led to slaughter.

Quantitative easing was supposed to force little old ladies into the stock market and consumers to spend their debased dollars before they lost more value. The spending would revive the dormant economy just as the Keynesian text books promised. It didn’t happen. The peasants haven’t cooperated. Quantitative easing and ZIRP sapped the life from the middle class as their wages have stagnated and their living expenses have skyrocketed. Mission Accomplished by the Fed. Of course, the CNBC bimbos and shills would declare this $10.8 trillion to be money on the sidelines ready to boost the stock market ever higher. I love that storyline. It never grows old.

The MSM, government and Wall Street continue to flog the story about a housing recovery. It’s been nothing but a confidence game based upon the Fed’s easy money and the Wall Street scheme to buy up foreclosed properties with the Fed’s money. The scheme was to artificially boost home prices by restricting home supply through foreclosure manipulation, in order to allow the insolvent Wall Street banks to get out from under their billions in toxic mortgage loans.

Shockingly, the Case Shiller home price index has soared by 25% since 2012 despite first time home buyers being virtually non-existent and mortgage applications plunging to 14 year lows. How could that be? Don’t people need mortgages to buy houses? Isn’t real demand necessary to drive prices higher? Not when Uncle Ben and Madam Yellen are in charge of the printing press. Housing bubble 2.0 has arrived. I wonder if the Federal Reserve balance sheet increase of 50% since 2012 has anything to do with the new housing bubble.

It seems a similar result is obtained when dividing the Case Shiller Index by the size of the Fed’s balance sheet. The real housing market for real people is worse than it was in 2009. The national home price increase has been centered in the usual speculative markets, aided and abetted by the Fed’s easy money, managed by the Wall Street hedge funds, and exacerbated by the late arriving flippers who will be left holding the bag again. The Fed/ Wall Street scheme has priced young people out of the market and has failed to ignite the desired Keynesian impact. Investors/flippers account for 34% of all home sales. Foreigners with no knowledge of value metrics account for 30% of all home sales. The lesson of history is that most people don’t learn the lessons of history. The 2nd housing bubble in seven years is seeking a pin.

If ever you needed proof of the confidence game in its full glory, the chart below from Zero Hedge says it all. Mortgage rates have been falling for the past year, home builders have been reporting soaring confidence about the future, and the National Association of Realtors keeps predicting a surge in home buying any minute now. One small problem. Mortgage applications are in free fall, new home sales are at 1991 levels, and existing home sales are falling. Home prices have peaked and are beginning to roll over. The Wall Street hedgies are all looking to exit stage left. Young people are saddled with over a trillion of government issued student loan debt and millions of older subprime borrowers have been lured into more auto loan debt. Home sales will be stagnant for the next decade.

 

Quantitative easing will cease come October, unless Yellen and Wall Street can create a new “crisis” to cure with more money printing. By every valuation measure used over the last 100 years, stocks are overvalued by at least 50%. By historical measures, home prices are overvalued by at least 30%. Ten year Treasuries are yielding 2.4%, while true inflation is north of 5%. With real interest rates deep in negative territory, the bond market is even more overvalued than stocks or houses. These simultaneous bubbles have been created by the Federal Reserve in a desperate attempt to keep this debt laden ship afloat. Their solution to a ship listing from too much debt was to load it down with trillions more in debt. The ship is taking on water rapidly.

We had a choice. We could have bitten the bullet in 2008 and accepted the consequences of decades of decadence, frivolity, materialism, delusion and debt accumulation. A steep sharp depression which would have purged the system of debt and punishment of those who created the disaster would have ensued. The masses would have suffered, but the rich and powerful bankers would have suffered the most. Today, the economy would be revived, saving and investing would be generating needed capital for expansion, and banks would be doing what they are supposed to do – lending money to businesses and individuals. Instead, the Wall Street bankers won the battle and continue to pillage and loot the national wealth while impoverishing the masses.

The arrogance, hubris and contempt for morality displayed by the ruling class is breathtaking to behold. They think they are untouchable and impervious to norms followed by the rest of society. They may have won the opening battle, but will lose the war. Discontent among the masses grows by the day. The critical thinking citizens are growing restless and angry. They are beginning to grasp the true enemy. The system has been captured by a few malevolent men. When the stock, bond and housing bubbles all implode simultaneously, all hell will break loose in this country. It will make Ferguson, Missouri look like a walk in the park. I wonder if the occupants of the Eccles building in Washington DC will get out alive.

“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”Henry Ford

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Tue, 08/19/2014 - 21:04 | 5117806 So Close
So Close's picture

I am coming around to the idea that slavery has always existed and always will exist becuase some people are just too fucking stupid to think for themselves.

Tue, 08/19/2014 - 21:09 | 5117820 Latina Lover
Latina Lover's picture

Ditto. The sheeple will always be sheeple, animals to be shorn and slaughtered. They will gossip about Justin Bieber even as they are led into the gas chambers. They are incapable of revolt, or even a fleeting thought independent of their programming.

If Darwin was watching, it would be an ironic smile on his face.

Tue, 08/19/2014 - 21:22 | 5117881 So Close
So Close's picture

Great post.  Helps explain why the Jews are doing so well.   Hitler did them a favor by killing the dumb ones.   Cleaned up the gene pool.   It's like fishing.  I always catch the  dumb ones.

Tue, 08/19/2014 - 21:40 | 5117948 Raymond K Hessel
Raymond K Hessel's picture

I was reading an article that the average IQ of certain countries are below 100, including the US at 98.

The article compared IQ to indices of GDP, income, and democracy.

Being around smart people, it's hard to imagine what it would be like to be surrounded by people at 100 or less IQ points, but apparently there many of those out there.

This would help me understand why the world's population are so willing to be enslaved by Big Labor, Big Gov, and Big Biz.

Scary shit.

Tue, 08/19/2014 - 22:24 | 5118115 I Write Code
I Write Code's picture

The average IQ of many countries is below 80, or so I am told, and you may guess which and pretty much their average income is the hint, plus or minus if they have oil.

There is nothing necessarily wrong with anyone with an IQ of 100 or even 80 but you can only expect so much of them.  Whereas some assholes with IQs of 140 or 180 you can expect a lot of shit from them.

Funny old world, ain't it.

Wed, 08/20/2014 - 00:38 | 5118572 ThirdWorldDude
ThirdWorldDude's picture

It's debatable if IQ and IQ only is such a crucial factor in Nature's game of survival and continuation of species, but...

 

"Think of how stupid the average person is, and realize half of the population is stupider than that." - George Carlin

Tue, 08/19/2014 - 21:41 | 5117952 Oldwood
Oldwood's picture

Absolutely.One can't help but question how our gene pool will be effected by the new paradigm of worshiping the weakest while punishing the strong. we spend incredible amounts of money to save the life of genetically damaged individuals, actually ensuring their ability to reproduce, and mainstreaming the mentally handicapped while holding the smartest back.

It should be interesting, but looking at our schools we can only assume it is to deliberately collapse people into a stupid dependent herd of sheep.

Tue, 08/19/2014 - 21:38 | 5117945 Totentänzerlied
Totentänzerlied's picture

Revolts and revolutions are pretty frequent, however, I like to believe that they are called "revolutions" because, just as with the revolution of a wheel, when it's over, nothing has changed.

Tue, 08/19/2014 - 22:15 | 5118078 oudinot
oudinot's picture

"nothing has changed"

Really?

What about the thousands of French aristocracy who lost thier lives by guillotine in the late 19th century.

Revolutions do bring change.

Tue, 08/19/2014 - 23:43 | 5118429 Terminus C
Terminus C's picture

Yep, no aristocracy in France now...

You missed his metaphore methinks.

Wed, 08/20/2014 - 01:37 | 5118685 ThirdWorldDude
ThirdWorldDude's picture

The more things change...

 

As my grandpa used to say - 'I don't like changes because they rarely turn out for the better.'

Tue, 08/19/2014 - 21:36 | 5117934 Oldwood
Oldwood's picture

Whether we like to admit it, slavery relies on some degree of voluntary compliance. The "victims" either have to be so firmly convinced there is no escape or believe that any alternatives to the slavery conditions have an even higher cost. Some slaves can escape by simply surrendering their toys and living with less. Others must actually risk their very lives to achieve freedom, but it is still a choice. That's all life is, choices. Most spend their days bitching about those choices and finding a way to blame their consequences on others. The successful people are the ones willing to make hard choices, some of them admirable, some not.

Wed, 08/20/2014 - 07:41 | 5119012 hairInTheSoup
hairInTheSoup's picture

you underestimate the power of conditioning, nlp & overestimate people ability to discern reality from paradigm. minds are programmed to deny the truth, the reality. they don't deny it consciously.

if it's a choice, it's an unconscious one that was forced upon them by education, or should i say by the lack of (education in sciences such as nlp).

 

Wed, 08/20/2014 - 05:26 | 5118871 hairInTheSoup
hairInTheSoup's picture

don't be eugenist,

it's not by birth, they are educated to be that way.

 

Tue, 08/19/2014 - 21:04 | 5117807 So Close
So Close's picture

Double post.

Tue, 08/19/2014 - 21:04 | 5117813 fonzannoon
fonzannoon's picture

It is what it is. Regurgitating the same quotes and charts does not seem to get anywhere.

Tue, 08/19/2014 - 21:36 | 5117937 ugmug
ugmug's picture

Microbes are great for restoring morality (hint: EBOLA) and they don't care about stupid charts.....

Tue, 08/19/2014 - 21:11 | 5117829 Dr. Engali
Dr. Engali's picture

Jim you started this post out with a quote attributed to Jefferson that he never uttered. If you want to be taken seriously, I expect better.

Tue, 08/19/2014 - 21:28 | 5117901 DavidPierre
DavidPierre's picture

Take Smokey(Jim)Quinn seriously?

No fucking way!

The guy is a 9/11MORON...

He just posts the same 'economic' drivel over and over again while still swilling MSM's rancid cum about 9/11.

https://www.youtube.com/watch?v=21pPpYw_axQ

 

 

 

Tue, 08/19/2014 - 23:46 | 5118435 Terminus C
Terminus C's picture

Knew you'd grace this thread DP.

Fonz is right though, charts and quotes... same as always, though, using the MSM trick against them: repeat, repeat, repeat until it becomes a mantra of the inane.

 

Tue, 08/19/2014 - 21:36 | 5117932 RallyRoundTheFamily
RallyRoundTheFamily's picture

I liked the summary article.

I think Doc is right here..either way great quote!

Wed, 08/20/2014 - 10:32 | 5119756 Weisshaupt
Weisshaupt's picture

A made up quote isn't the half of it,  once you start trying to disprove straw man  theories that don't exist - like the "trickle down theory" - why bother reading further?

Supply side economics assumes the capital is being used to grow businesses, and increase value and production.. not to pad balance sheets so companies look solvent and we can pretend everything is still okay. So yeah, even those who lean Austrian will admit its going to happen under the current scenario.

That is the real irony here.. yes the "rich got richer" - till you take the real inflation rates into account. Then they are just treading water -- which is better than sinking as those not invested in the stock market are, but the ALGO manipulated  stock market can hardly be considered real  wealth at this point --    In Wiemar the stock market went up too - and many people became "wealthy" - till they had trade their portfolio to buy a cup of coffee. 

Tue, 08/19/2014 - 21:09 | 5117833 ekm1
ekm1's picture

And this is your """"""recovery""""" without Texas

 

http://therightscoop.com/come-see-the-graph-that-should-easily-send-rick...

 

 

Tue, 08/19/2014 - 21:29 | 5117907 Oldwood
Oldwood's picture

As I live in Texas and my business has likely survived because I live in Texas, I'm not going to look a gift horse in the mouth. For me survival has not been exactly success as after these long years my business is still half of what it was while I still have the same number of employees. My feeling is that as a country the fundamentals are fucked and as such, Texas is simply the high end of the sinking Titanic. A lot of our economy has been simply the fact that we have had so many people moving here. A self fulfilling prophecy. Regardless, I hate to seem ungrateful for what I have, I just think the real deal has not really hit yet. Texans are living in a false sense of security.

Tue, 08/19/2014 - 21:36 | 5117931 fonzannoon
fonzannoon's picture

It's incredible to see Perry cuffed and taking mugshots. Just amazing.

Tue, 08/19/2014 - 22:22 | 5117951 813kml
813kml's picture

One down, a million to go.  If only they weren't frivolous charges.

Perry might want to stay behind bars once he sees all the buffed-up bruthas lining up to make his Mandingo fantasies come true.

Tue, 08/19/2014 - 21:42 | 5117956 Raymond K Hessel
Raymond K Hessel's picture

Oldwood, I'm here in Texas looking for work and I've not found any.

I'm moving back east empty handed.  I think you might be right about the false sense of security thing.  

Tue, 08/19/2014 - 22:01 | 5118023 Oldwood
Oldwood's picture

It seems good for certain professions, but the pay still sucks. I'm in the cabinetry/furniture business and trying to run an English speaking shop with white man wages is becoming impossible. My insurance agent called me and told me NOT to open my insurance renewal...its that bad and I'm used to bad. I pay 100% of the premium but its a $5000 deductible with no copay, so basically major medical only. Everyone I know in my industry that is busy is also complaining about no money. Each job has the crap bid out of it and we still see the bottom feeder desperate to make their payment low balling and then going bust. Lots of big multifamily stuff going in though, but prices are in the basement. I guess they should be happy it not going to China, although some of it is. What we hear about CAPEX rings true as there is some commercial work going on but they are not spending the "ego" money they used to spend. If it doesn't make them money, it doesn't make it into the budget. Sorry you have had no luck, but I must say that while the market is not a paradise, it is large, so there is bound to be something pop up. keep trying...it all we have.

Tue, 08/19/2014 - 22:18 | 5118084 ekm1
ekm1's picture

hmmmm

Thx for sharing this info

My estimation of US economy is basically 'bad' like  negative 4% GDP growth. But if that is happening in Texas, then I'm going to have to upgrade my estimation to 'very bad', as low as  negative 8% 

Tue, 08/19/2014 - 21:46 | 5117966 FredFlintstone
FredFlintstone's picture

Is it because he called out the guard to the border?

Tue, 08/19/2014 - 22:12 | 5118066 Oldwood
Oldwood's picture

Politicians are constantly trumpeting democracy but when it doesn't yield the correct results they never hesitate to fall back on the courts. We need the courts for sure but more and more political attacks are occurring there, not policy issues but trying to destroy people's reputations and careers. Its just fucked up.

Tue, 08/19/2014 - 21:45 | 5117968 Oldwood
Oldwood's picture

Especially when you look at his supposed "crimes". That video of the drunk judge should put more fear in your heart than any shooting in Ferguson. You can see the contempt for people dripping from her lips. These type of people are littered throughout our government. Contemptuous power mad shits who will bully and step on anyone, just because they can. Perry is no gem, but this is bullshit, a complete destruction of governance.

Tue, 08/19/2014 - 21:40 | 5117949 duo
duo's picture

Except our infrastructure is 50 years newer, unions are weak if you can find one, and public pensions never got out of hand.

Tue, 08/19/2014 - 23:12 | 5118324 RattNRoll
RattNRoll's picture

Texas will fall last.

Tue, 08/19/2014 - 21:20 | 5117869 ZeroPoint
ZeroPoint's picture

Gerald Celente: When people lose everything and have nothing left to lose, they lose it.

If the government grabs bank accounts and 401ks, there will be revolution in 72 hours.

Tue, 08/19/2014 - 21:22 | 5117883 Oldwood
Oldwood's picture

Why would people revolt once they learned that the government had only stepped in to save them from the evil bankers. We now be fully vested in the USofA. its all about the message

Tue, 08/19/2014 - 21:21 | 5117874 Oldwood
Oldwood's picture

Blah, blah, blah. when do the EBT cards get reloaded?

Tue, 08/19/2014 - 21:41 | 5117953 RallyRoundTheFamily
RallyRoundTheFamily's picture

Muricans get hungry, shit will get real ugly real fast.  Within 3 days pets, 7 days long pig.

Tue, 08/19/2014 - 21:23 | 5117885 sunny
sunny's picture

Let me guess...this is the 47th iteration of "All hell will break loose when stocks, bonds and housing bubbles burst".   NO WAIT, it's the 48th.  As long as we have ZIRP the markets won't crash.  Consider Zimbabwe, they never crashed, they just went up and up and up and....

http://tinyurl.com/oj4zq96

Tue, 08/19/2014 - 21:30 | 5117912 reTARD
reTARD's picture

 

"I am speaking to those who desire to live and to recapture the honor of their soul. Now that you know the truth about your world, stop supporting your own destroyers. The evil of the world is made possible by nothing but the sanction you give it. Withdraw your sanction. Withdraw your support. Do not try to live on your enemies' terms or to win at a game where they're setting the rules. Do not seek the favor of those who enslaved you, do not beg for alms from those who have robbed you, be it subsidies, loans or jobs, do not join their team to recoup what they've taken by helping them rob your neighbors. One cannot hope to maintain one's life by accepting bribes to condone one's destruction. Do not struggle for profit, success or security at the price of a lien on your right to exist. Such a lien is not to be paid off; the more you pay them, the more they will demand; the greater the values you seek or achieve, the more vulnerably helpless you become. Theirs is a system of white blackmail devised to bleed you, not by means of your sins, but by means of your love for existence.

 

"Do not attempt to rise on the looters' terms or to climb a ladder while they're holding the ropes. Do not allow their hands to touch the only power that keeps them in power: your living ambition. Go on strike — in the manner I did. Use your mind and skill in private, extend your knowledge, develop your ability, but do not share your achievements with others. Do not try to produce a fortune, with a looter riding on your back. Stay on the lowest rung of their ladder, earn no more than your barest survival, do not make an extra penny to support the looters' state. Since you're captive, act as a captive, do not help them pretend that you're free. Be the silent, incorruptible enemy they dread. When they force you, obey — but do not volunteer. Never volunteer a step in their direction, or a wish, or a plea, or a purpose. Do not help a holdup man to claim that he acts as your friend and benefactor. Do not help your jailers to pretend that their jail is your natural state of existence. Do not help them to fake reality. That fake is the only dam holding off their secret terror, the terror of knowing they're unfit to exist; remove it and let them drown; your sanction is their only life belt.

 

"If you find a chance to vanish into some wilderness out of their reach, do so, but not to exist as a bandit or to create a gang competing with their racket; build a productive life of your own with those who accept your moral code and are willing to struggle for a human existence. You have no chance to win on the Morality of Death or by the code of faith and force; raise a standard to which the honest will repair: the standard of Life and Reason.

 

"Act as a rational being and aim at becoming a rallying point for all those who are starved for a voice of integrity — act on your rational values, whether alone in the midst of your enemies, or with a few of your chosen friends, or as the founder of a modest community on the frontier of mankind's rebirth.

 

"When the looters' state collapses, deprived of the best of its slaves, when it falls to a level of impotent chaos... when the advocates of the morality of sacrifice perish with their final ideal — then and on that day we will return.

 

Quote from ending of Atlas Shrugged

Tue, 08/19/2014 - 21:44 | 5117962 Raymond K Hessel
Raymond K Hessel's picture

Falling on my sword is not on the menu for me.

Instead, GO FASCISM!!!  WOO HOO!!!

Tue, 08/19/2014 - 21:50 | 5117981 Oldwood
Oldwood's picture

That's one of the big flaws in Atlas Shrugged. People, even principled ones, seldom will sacrifice what they have until there is nothing left to sacrifice. But I must say, rereading this book about six years ago sure seems to put into focus what we are now watching...but no John Galt.

Wed, 08/20/2014 - 00:28 | 5118541 reTARD
reTARD's picture

I agree. I believe even Ayn Rand said that her characters were often "larger than life."

There is no John Galt in existence today. Maybe Nikola Tesla was the closest to John Galt who created the "engine that could power the world." If we had a real scientist today, maybe we could be able to harness "free energy." Today, we have a largely, well-schooled bunch of scientists who only receive funding, advance, and get tenured because they follow the politics of the system as oppose to "thinking out of the box," trying to "break the rules" of the so-called "scientific" norms which they were told about and not necessarily proved to themselves. Science like all things is almost more political than its true nature as trial and error, empirical experience.

I believe that principled people today are more like Dagny Taggart and Hank Rearden than John Galt and his Galt's Gulch bunch who "disappeared" from the world. The Taggarts and Reardens of our day have the moral background and intentions but still have the misguided belief that they can fix the current system ruled by looters. They work hard to try to fix things while not realizing that they ultimately are contributing to the beast.

Anyway, as Silver Bullet Silver Shield says, "Listen to all, follow no one." I agree with SBSS that there is no one who is going to save you or the world. In the ideological sense, we all are John Galt. We are on our own and we must form our own communities of like minds as John Galt did with Galt's Gulch. Galt's Gulch was outside of the system. They bartered with each other (used their own "money") paying no taxes, they were off-the-grid, and they were self-sufficient and self-contained. They did not connect back to the system which I also like to call "The Matrix" unless they went back to get more people out.

Rand was on the right path but fell short greatly as she was still a statist, only the limited government kind (which is impossible as explained by Rothbard's "Anatomy of the State"). As some anarchists like to consider themselves, we're really just the modern-day abolitionists. And yes, people live as slaves today and kings still rule over the lands; only they are all given different names and different appearances.

 

Wed, 08/20/2014 - 09:49 | 5119488 aphlaque_duck
aphlaque_duck's picture

Who is Satoshi Nakamoto?

Wed, 08/20/2014 - 00:10 | 5118497 sethstorm
sethstorm's picture

The problem is that such a state will not collapse outside of a Randian fantasy. 

A more likely outcome is that those who try to hide will be found and dealt with by said state.

Wed, 08/20/2014 - 00:36 | 5118563 reTARD
reTARD's picture

That remains to be seen.

The problem today is largely a problem of the fiat-created illusion. Fiat gives the illusion that the world is boundless, limitless while the reality is that the world is very finite (in its current form). So while it would seems like the state will not collapse, the reality is that one day their illusion is blown and the world finds out just how finite it is.

Wed, 08/20/2014 - 00:48 | 5118592 Harry Dong
Harry Dong's picture

So we wait while smokey sings

Wed, 08/20/2014 - 01:08 | 5118642 reTARD
reTARD's picture

You could resort to piracy against the state looters as Ragnar Danneskjöld did (like Robin Hood), LOL.

Or you could revolt like the French Revolution and end up with Robespierre and an even more violent and tyrannical ruler. Or at best revolt like the American Revolution and end up with a slower course to tyranny.

As in Lord of the Rings, the ring represents the force/violence of the State/ruler and while it is tempting to remove it from someone one deems tyrannical, it would only end up in another eventually tyrannical ruler's hand. The ring, ie the State, must be destroyed I believe not by violence or the same tools of the State itself but by changing minds via enlightenment. Statism is a secular religion. It is a very engrained belief system which gets trained and taught into people from their very beginning and then largely taken over by government when the children get sent to state-credentialed schools. It is when people awaken and realize that they only need to break the chains of obedience, then the State and the rulers (who are extremely few in number) lose all power. The people give their rulers their power.

Tue, 08/19/2014 - 21:34 | 5117921 q99x2
q99x2's picture

Great article Quinn. Let's hope they get what's coming to them when the SHTF.

Pretty common knowlege now that if people need wars to stop in their nations they know exactly who to go after.

Tue, 08/19/2014 - 21:57 | 5117999 drendebe10
drendebe10's picture

Fat frackin chance, fat frackin chance.

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