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The Destruction Of The Middle Class Is Nearing The Final Stages
Submitted by Tom Chatham via Project Chesapeake,
The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed.
At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank.
The spending bill just passed by congress makes the American taxpayer responsible for any derivatives loses that banks may suffer. These derivative holders now have first priority when any funds are paid out and depositors are relegated to last place. FDIC insurance will have to pay out these funds but it has no where near enough money to pay the more than 300 trillion in losses that will be suffered in a banking crisis. That means any depositor has little hope of getting anything back. In order for depositors to get anything back massive money printing would have to take place making any payout amount to only pennies on the dollar.
And if you don’t think there is any danger of a banking crisis in America you may want to keep in mind that the Treasury Dept. has recently ordered $200k worth of 72 hr emergency kits for dispersion to every major bank in America. These are known by many as bug-out-bags and are used to support individuals when disaster strikes and they have to care for themselves for the first few days of crisis.
New legislation now gives pension plans the ability to cut benefits to pensioners in the future making the future welfare of these people uncertain. They say it is necessary to prevent these funds from going bankrupt. It will “apply to multi-employer pensions, where a group of businesses in the same industry join forces with unions to provide pension coverage for employees. The plans cover some 10 million U.S. workers,” You may be happy to know this will not affect congressional pensions, as long as they are funded by the taxpayers.
The sanctions being placed on Russia are beginning to destabilize the world in many ways. The sudden drop in oil prices will send ripples through many foreign nations and cause an already tense situation to become highly flammable. It seems this is what is wanted to provoke a new world war and hide the complicity of bankers and politicians in the coming destruction of the economy.
For the past few years those elite with knowledge of the coming monetary destruction have been putting their fiat dollars into any hard assets they can find. The recent record prices paid at auction for collectables is just one more indication that those in the know are moving into hard assets as fast as they can to preserve their wealth.
This diversification includes precious metals and land as well. I believe when there are no more metals or suitable properties available for purchase, these entities in control of this game will pull the plug and let everything collapse. Those holding fiat paper, electrons or other paper promises will be devastated as those assets evaporate into thin air.
You may feel some security knowing you have a good job but among the deposits that disappear will be billions in commercial accounts that belong to businesses. When these businesses lose this money, many will likely close destroying many jobs in the process. This will send ripples through the transportation, production and distribution system when it happens. In an economy made up of 70% consumer spending, this will be fast and devastating to those with few resources to fall back on when it happens.
There are three lessons that many people will learn in the coming months. If you do not have it already you may not be able to get it. If you do not have it physically in your hands you do not own it. If you cannot protect it you will not have it for long.
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Destruction Bitchez!
A great awakening is about to happen. Be excited, be very excited!
If you don't have it, you don't need it now.
These doomer gold ads are getting boring, years of the same ole' same ole'. Need a new sales pitch, I say throw some chicks in there. Chicks with really big tits especially.
The economic apocalypse is on the brink!! In the time of economic collapse many beautiful russian ladies will be on the prowl for men with HARD assets, buy physical GET physical! wink wink wink
Smallish to medium sized, firm, natural tits for me please. Biker Milf ain't my thing.....
I'm with you on that but he's got a point.
I already have it.
I have it in my hand.
I will orotect it with base metal projectiles fired from a weapon held firmly and convincingly in my other hand.
Bring it on MFerz
You have a tit in your hand? Is it your own?
weird
Some Folks 'll get Destroyed.
lots of folks will get destroyed. And ironically and sadly, many of those destroyed will be the serfs wanting the reset. I want a reset too, but I don't look forward to it. It's like taking medicine that tastes real bad and makes you want to puke.
In the end, some will question if they were the lucky ones that survived. Or maybe the ones that perished were the lucky ones. Depends on your point of view at the time.
As a staunch ilegal immigrant, I look forward to my amnesty, ebt, obongophone, and everything else the tribe bought negro has coming for us. Yes we can!
another mid class suppressed in berkeley....
Funny thing about articles like this one. No matter how many of them that I read, I'm still no better off. Perhaps if I would read a few more articles like this one, perhaps then I will be prepared. Yes, I'd better do some more reading ...
;P
"People are not spending their money so we have to take their money and spend it."
At the end of the day it is just simple theft.
There are those who WILL be paid, no matter what. We need to always be clear on the names and addresses of those who WILL be paid.
Biker milf?? Please don't insult my well researched intelligence on these matters. I'm thinking some girls like:
http://images5.fanpop.com/image/photos/29100000/Irina-Shayk-Sports-Illus...
http://img.shockblast.net/2014/04/Emily-Ratajkowski-x-Mark-Sacro-ShockBl...
Though emily is jewish so that might cause problems on zh...
But get those girls selling the shiny metal and sales will be through the roof!
"emily is jewish"
On that subject. Here's what I'm wondering. The VIRGIN MARY, for all intents & purposes, had to be jewish, right? So if she was a virgin, WTF was up with her husband Joseph? Was he into sheep or something?
Just sayin'
Virgin birhs?
Not at all unsualy even today, why should it have been any different 2000 years ago...
http://www.reuters.com/article/2013/12/17/us-usa-health-virgins-idUSBRE9...
Wow. Thank you.
Also, I thought James was Jesus's older brother. Anyway, I never understood why it was important for Jesus's mother to be a virgin. Fairy tales? I think it detracts from Jesus's message when the old fairy tales get tacked on. Makes me wonder what was going on politically at the time the Roman Emperor had the Bible put together.
And where was Jesus's father when all the stuff in the Gospels was happening? How come Mary and James hang around, but Joseph isn't mentioned?
And as for healing, Jesus told us to go and do likewise. I think many people get healed every day without medicines. I don't know why none of them are politicians or bankers. Nevertheless, I am grateful for the march of science and medicine.
Sorry but the melons on a wall is what women think men want so that's what is in now. a work associate had her chest implanted from a B to a double DD. She was so thrilled she didn't have to even wear a bra! I was incredulous so she showed me in the bathroom. Look, even when I jump up and down they don't move! She was right. Frankly I was a bit disturbed by the look and just stared at unnatural perfection. Maybe you have to be a guy to appreciate it. Mine would not.
Miffed
Perhaps I'm wrong about this, but I'd bet that the greater number of women who get implants do it for THEIR OWN esteem issues, (which has little or nothing to do with any kind of 'pressure' put on them by men).
I'd go as far as to say that there are a large number of 'divorced' women (% wise), who got the work done after the divorce (whereby somebody might extrapolate any 'psychology' that they may care to along those lines).
Frankly (speaking only for myself), big tits are about as fascinating to me as Kim Kardashian's ass. You gotta have yourself a look (I suppose), but after that, it's like 'Meh ~ Do I really want to stare at that thing every day'?
Cracking me up!
The truth is funny,
Absolutely. Women are not obsessed with their appearance because of men. Women are obsessed with their appearance out of fear of judgment from other women and to propagate their own perception of beauty. However, this does not stop women from blaming men for going to absurd lengths in an attempt to find aesthetic perfection. I won't hold my breath waiting on women to admit wrong on the matter.
Once a woman crosses the rubicon into decent looking (fuckable - which is generally a hilariously low standard), men are satisfied... Do you really think men care what kind of handbag you have? Whether all your accessories are coordinated? Whether the clothes are from last season? Whether your makeup is applied perfectly (or even remotely correctly)? Whether you raided the candy drawer at work because of a stressful day and gained a pound? Would we even know the difference? No, men are easy to please...
It seems that many women are in search of the same appearance, but how the hell is it that women of all shapes and sizes find suitors? If the co-worker had asked her significant other, then I'm guessing he wouldn't have given a shit whether she got balloon tits...
2 years ago i had a large adhesion removed from my abdomen due to an emergency surgery. My surgeon was a famous plastic surgeon specializing in very large implants. Women came to him from all over the world including the Hollywood bimbo crowd. I just consulted him again to see if I can have my scar revised because it is very deep and jagged where he removed the tissue but I was extremely happy with the results not having excruciating pain when I bend over.
He told me feminine beauty is essentially about proportion. I am a 36D so I measure 40 inches across the bust, 31 inch waist and a 42 inch hip at the widest point. To be "perfect", I should have a 40 inch hip to be perfectly propositional. He looks at my husband who says " I think my wife is perfect just the way she is. In fact, I don't even see the scar that is bothering her anymore. She calls it Grand Canyon, not me". They both look at me. " If my husband is content, then it shall be too" I said smiling back to them.
My Dr was quite taken aback and shook our hands. " it was an honor to have met you two. So rare do I see this in my work. This is how it should be."
Men are stimulated visually. This is a fact. I honor this by staying in shape as much as I can. But I don't have to be perfect. Men are worried they won't be attractive if they don't have a lot of money. I assuage his fears he is good enough as he is and I don't need designer clothes or purses. If he loses his job we will make do and I will never leave him. This type of love soothes the soul.
Merry Christmas to all.
Miffed;-)
We melonized some folks...
I agree.....never understood the DD thing..she will be happy with them in 15 years I'm sure....
"Anything over a mouthfull is wasted"- The IItty Bitty titty commitee
"Anything bigger than a handful and you're risking a sprained tongue"
- Weird Science
We motorboated some folks.
"You didn't earn that money...."
Is that what the popo say during civil asset forfeiture?
Dunno, by that time I was prone and bleeding from both ears.
For the little people, money is PROOF that they did someone a favour. When you steal from the working poor, you steal the PROOF that they did someone a favour.
For other people, money is something else.
its called "asset-stripping" and its something big banks and finance companies just do. Its part of what governmnets are supposed to protect their citiizens from. See President Andy Jackson for a primer.
"Our" big banks have now been able to merge themselves with the Federla apparatus to form Fed.gov. They're trying to use the MIC to asset strip the rest of the world.
Seriously, at this point, just bring it.
"The worse, the better." -Vladamir Lenin
Who knew that Lenin had so many great lines.
Too bad that the ones after the Revolution were even greater.
Zing!
p.s. Jon Stewart's "folks" are free to call me.
The lines to see him after death were even better
They were still in line in red square to look, last time I was there.
Might have been for the dept. store on the far side though.
Isn't that just bizarre? I literally stood in a Nike-rented suite that directly over-looked Lenins tomb. Completely surreal.
Is he still there, or did his skin turn darker and he rose from the dead to change his name and go to DC?
He was my favorite Beatle
Boom! And guess what, the IMF agrees!
Taxing Times, IMF Quarterly Report -
http://www.imf.org/external/pubs/ft/fm/2013/02/pdf/fm1302.pdf
Have another Revolution....Oh wait.
We never saw it coming.
Of course the Federal Reserve will deny it.
Chuck Schumer:
"Get to work chaiman Bernanke!"
Destroying the US dollar.
Fuck it. I'm going all in. By the end of January I could be liquidated of land, equipment and have $4M cash in hand, turn it into physical gold and rubles, head to Russia, get a bride, and hope Putin won't extradite me for capital Gains tax evasion. Fuck you Obama. Long live Vladimir.
Be sure to report back, all will want to know how it works for ya,
Obviously depending on your life expectancy plus spending habits, that's way more than enough. Not sure how Russia would nab you for tax evasion, but the US might. Nevertheless, I wouldn't risk running afoul of the law while you're in Russia. Even if you do everything lefit, you're still going to be treated with disdain by a lot of people if you look/act like a foreigner.
I'm going to assume this is all old news to you, otherwise do your homework.
Your money goes a lot farther in Africa. The climate is hot, but with gensets, A/C, wells, and the ability to grow lots of your own food with the assistance of cheap labour. I've worked over there on and off over nearly 20 years, and the majority of people/areas to live in are wonderful.
Edited tip: the hard asset of choice in Ghana is concrete block. http://worldcomplex.blogspot.ca/2010/08/partial-history-of-hard-money-in...
Would it help my standing in the community to marry a local African, or bring my new Russian wife to be along.?
Why not do both?
Yes. Moving to Africa. A smashing good idea.
Better yet you could just move to Detroit and let Africa come to you.
I commend your adventure spirit.
I had a job in a super small African country w/pygmies who were cannibals at one time.
Now, these guys made a great work crew, but I never accepted their offer to visit their village 'for dinner.'
You USD could / would be confiscated at worst and likely skimmed by 50% at least. Best to keep it in Bitcoin where neither can occur and to convert small amounts for cash in local currency.
Despite what most folks on this blog think, unlike PM, bitcoin cannot be taken away from you even with use of force. In other words "if you like your private key, you can keep your private key".
Misson Accomplished.
Au contraire,
I think residential real estate is about to become rationally priced again.
Baby boomers are trying to sell, but millenials have no interest in buying.
Something's gotta give.
It's not the interest, it's the price.
We have pounded the point home to our millennial children not to buy now under any circumstance. It really wasn't so hard a sell. Both have virtually no interest and our eldest had just paid off all her student debt and could easily qualify.
I look at the seas of McMansions and wonder who the hell would want those giant energy inefficient vaulted ceilings and postage sized lots? Shoddy construction means they won't last like an older home. Most are vacant most of the time due to parents working or kids being shuttled to various activities. Perhaps at some point they will be bulldozed and returned to farm land.
Miffed
Perfect housing for scores of "Dreamers" to move into, probably on the Obama dole.
Millennials better be ready to pay more to rent than it would have cost them to buy. There are hardly 90 million rental units sitting waiting for them to grow up...Rents are already zooming in many parts of the country.
As to Boomers, it's location, location, location moment of truth.
Retirement desirable housing will be in great demand, while conversely the houses that are not in retirement desirable areas are going to be hard to dump.
there aint no more fucking middle class man...
fucking game over...
you bitchez had better get as much real money as u can afford while they r stepping on the phony paper prices to give the elites the Dow "at all time record highs...
or just sit there and pass crumbs among your fellow debt slaves....
DEATH TO THE MONEYCHANGERS...
Nice, pre-Christmas shark chum.
" This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank."
In the past and in many places in the world, this was what a bank was. It was an institution, a business, a entity you invested your money with for a possible return on investment. When banks failed, the investors lost. If we return to those days, then investors should just pull out. I will pull my money form the local bank if this type of law governs my deposits. EVeryone should cease giving deposits to these banks!
It is time for new banks, set up on the principle "Utility". A simple utility to serve depositors and to loan money under secured loans with strict lending rules. These banks are not for everyone, like corporations. But if a set of banks were set up and operated as Public Utilites, without a profit motive. Solvency and paying a resonable interest rate would be their commission. Loaning money for small business and for home mortgages would be their business model. Fuck the stock markets, fuck bond holders and fuck financial engineering. Such banks would be worthy of Federal Insurance, but only these Public Utility Banks should warrent Federal Insurance. The big banks should be boycotted by us all, fuck 'em, they never get a deposit from me and they never will. I see hundreds of people every day pour in the lobby of several major money center banks in the nearby city. They a dupes!
Hi Jack, I withdrew mine in 2010, at the beheast of Eric Cantona U-tube http://www.theguardian.com/world/2010/nov/20/eric-cantona-bank-protest-c...
Of which didn't really seem to fly with anyone I know around here, I think I was the only one to withdraw in my town. They somehow have been quite satisfied with less than a tenth of percent interest on their deposit, personally I'll take care of it my self, no problem.
Now if I could just get USA Social Security Admin. to 'cash me out in a lump sum'...I would be happy to make every Republican's dream come true, and take the early lump & get off their books. Oh yeah I wouldn't have to think about it, just have to make sure they don't skin me too badly on the lump sum. ~~~~but you haven't seen a direction in law like that, during the Democratic majority, and I doubt the Repubulicans could actually bring an early buy out clause in the law.~~~~
wwxx
Skinned lump sum in hand is better than unskinned lump sum you will never get.
Kind of inline with Ellen Brown? She was on with Greg Hunter the other day...mentioned banks set up as Public Utilities... sounds okay to me....
http://usawatchdog.com/big-banks-will-take-depositors-money-in-next-cras...
But of course if the bank MAKES MONEY, you don't get a dividend. But if the bank LOSES MONEY, you lose your money.
Maybe one reason the stock market keeps going up is that people who actually know bankers are putting their money into stocks (real assets) instead of in the bank.
Credit unions.
Oh yeah, it's coming. Been saying that here since 2009. Wrong then, right now? Doubt it. ZH will be a stock tip service at the top of the next wave.
ben_bernanke: Oh yeah, it's coming. Been saying that here since 2009. Wrong then, right now? Doubt it. ZH will be a stock tip service at the top of the next wave.
Hey Ben, Go to DRUDGE right now and looky the headlines. DOW 18K Here's the link to the article.
http://www.nytimes.com/2014/12/24/business/us-q3-gdp-revised-up-to-5-per...
You need to run right out tomorrow at 9 am and buy more stawks.
Sorry Virginia, but there is no fucking Santa Clause.......
No, just the Satan Clause.
And gold has gone down how much this year???
Oh yeah...that dollar's going down REAL SOON.
We've been through another year of chart porn, doom porn, caldera porn, illuminati porn, and some four horsemen porn...and where are we? Same place, differnt numbers.
I'm about to add the last two to the "broken clock" hall of fame - Williams and Organ. After that, it's hello DWTS and wake me when the ash cloud comes or there's literal blood on Wall St.
current purchasing power of a 1964 Kennedy half dollar coin based on the phony paper Silver price - $5.69
current purchasing power of a $1 dollar Federal Reserve Note????
priceless - right.
QE pulled
Oil pulled
Rates set to rise
Yep, it's on. Don't wait for the stock market to give you the signal, that'll be the last thing to fall.
The new middle class:
http://failedevolution.blogspot.gr/2014/12/it-has-started-brand-new-mark...
Perhaps you do not understand all the downvotes. This is a medium of discussion. You do not discuss. You try to get clicks on your blog. Nobody wants this. Come back with something people want - discussion. Leave the blog behind until you've established some (any) level of cognitive thought.
I saw many people here in ZH complaining to others that they are writing too long messages instead of putting a link which is much more simple. So that's what I'm doing. In fact, I participate in less than 1/10 of the themes of ZH with my links although I have something to say in nearly every one, exactly to avoid someone to tell me the things you wrote. Apparently I have failed. No one is obliged to click a link. It's your choice and everyone else's to click or not to click a link.
Does anybody still work for a living? All I see is people driving to work, turning on their computer, getting their coffee, scuffling some paper then going to lunch.
There are few people that actually make stuff.
I could see where this could get exciting.
The morons posting on ZH don't even do that. They just live in their parents' basements, posting on internet forums, and jacking off...
I take offense at that comment. I do all that from my OWN basement, thank you.
right next to the tool bench
;
Don't be a hater.
jacking off can be work too!
I noticed you've been posting on Zero Hedge for five plus years. That's a lot of masturbation.
Gordo's wanked out and now he's mad...
Jacking off? Oh shit they can see me!
MA!!!!!!!!!!!
LMAO. Post the conversation on youtube PLEASE!
Et tu Brute?
That's Gordons fantasy,thinking about men sitting around and spanking thei monkey.
Speak for yourself. :-)
I have a vewy good fwiend in Wome named Jacking Off. He has a cwack legion.
I get up everyday (I'm 59) and bust my balls farming 1,100 acre with one part time hand. Most days are 14-18 hours. (not complaining, love the work). However...the Fucking USDA control all the prices we receive because of Goldman and the like manipulating Commodity Prices. All the lying sack of shit USDA Unicorn Reports keeping grains in check so the EBT folks can have cheap food. I go in every night with my asshole fucked raw by a bunch of paper pushers. and yes, I do actually produce something useable. I'm fucking sick of it.....this spring will drop $ 750,000K in the ground waiting to see if Goldman and UDSA will let me eek out a profit. We're all enslaved by the USDA....might as well be on a Chinese Collective Farm.
Producers and savers get fucked while bankers, wall streeters and other scammers get rich with flim flam. How long can it last?
Eventually more people in wagon than pull wagon. Wagon stop.
he who run in front of car get tired
Nope, people will pull wagon or sit.
he who run behind car get exhausted
One and a half guys will have touble protecting the 1100 acres of crops when the shit hits the fan. I farm 900 acres and I'll be lucky to protect our 1000 square foot garden. When corn hit 7 bucks, Mexican gangs were backing up to elevators in mexico stealing corn, as machine guns were pointed at the farmer's family.
Everyone says buy hard assets or farmland...I'd hate to be the first farm outside of Chicago when people get hungry.
Meh.
You can probably pick up a nice MG42 for 25K. A few yards of concrete for a pillbox and you're all set.
@db51
You sir are a fucking hero. Fuck all the bullshit frauds like cops, military, and the rest. Without people like you, people like me are toast.
thanks.
EBT is an enormous crime. It just encourages irresponsible people to have babies for whom we know there will not be jobs.
C'mon now, everybody knows the next generation of astrophysicists and neurosurgeons will be born from this generation's crack whores, high school dropouts, and gangbangers. Just give it more time, and more of your money, Mr. Kulak -ahem- Productive Citizen.
If, albiet far fetched, "government" got out of the business of Ag. subsidies, price floors/ceilings(maniuplation), and the byzantine regulations imposed on growers, the majority of growers would be far better off. That said, there are also a lot of growers who are perfectly happy with subsidies, so there is going to be some opposition to a free market from the Agriculture welfare queens as well. Government manipulation directly affects what a grower is going to plant the next season and often results in excess of a commodity, thus the prices tank for that commodity. On top of direct govt. manipulation there are the GoldmanSachs et al. speculators. Naturally, this benefits the bread + circus model to keep the masses placated with excess food so I do not expect anything to change. Only if food was no longer cheap and readily availble would people be out in the streets (begging for new masters).
I work every day making precisiontooling for Aerospace and Military. Let me tell you someone is making a lot of stuff right now. We are slammed with CBN and exotic tools for hard metal and titanium/alloys. Where do you think all those new tanks, Mrads, armored Humvees, trucks and all those machineguns are coming from? General Dynamics and the like, that's where. We making a lot of stuff and the pay is good. Orders out the ass.
Buckle up fellow ZH members. There is a real shit show on the horizon.
Military Industrial complex. Hate to burst your bubble, but your industry dominates the parasitic sector's expenditures.
This is the same for virtually every business... it's also why we're impotent to change...
I think that's what he was saying.
Yes. Manufacturers in the US won't work on anything that's not DOD or Medical Industry. Two industries where expense doesn't matter.
Consumer products manufactured in US? No way.
We tried to get a kitchen utensil manufactured in the US. No way. Had to go to China.
Tried to get a US hearing aid manuacturer interested in making a miniature audio product, the response: "We don't do busllshit consumer products." He wasn't sugesting our product was bullshit, he was saying the whole consumer category was bullshit.
One exeption is wood products. Some very good small US manufacturers.
Wonder where they think that titanium come from ?
"Wonder where they think that titanium come from ?"
Funny shit about that Ti. During the cold war virtually all of our Ti for our subs was purchased through a shell company in South Africa.....from the Soviets. Ha.
Us motorcycling guys were jizzing our pants because after the break up of the USSR after the dust settled one could get some absolutely PREMIUM Ti hand made exhausts from the former Republics over there. Ti headpipes for Ducati's used to run 4K back in the day... full systems were almost double that.............and the price dropped to under $1500.00 (headpipes) when they got into the market.
Atlas Aircraft no doubt.
More sanctions busting than aircraft manufacturing.Did a lot of biz with them.
Indygo55, what's the job prospect look for CNC programmers, just curious. Is that a dead end or are "they" hiring". Oddly enough in my shithole state their is pretty good demand for those persons.
This shit is a hoot. It used to be that banks were institutions where scumbags would go to rob money from. Now banks are institutions populated by scumbags who rob money from others.
Banks are the government. Look at where the decision was made on how to treat deposits. Total merger. TBTF was a coup.
It is as if middle class Americans have been walking around for several decades wearing attire emblazoned on the front "PLEASE PLUNDER ME", and on the back "PLEASE ENSLAVE ME".... and have finally gotten their wish.
That is what Obama care was about.
That is the message of a deadly, repressive, paramilitary "polece" force occupying America.
No need to go through it all.
Police...or fleecing the po?
Who here believes that in the next 90 days that it may actually happen? Don't get me wrong I'm looking forward to the reset as much as the next guy, but how many times have we thought it was close only to see this bs drug out more.
The really serious tremors start in October 2015. Chinese troops all over the west coast in late 2016 or early 2017. Russian troops will own Park Place and Broadway in the same timing.
If you don't already own it...
If they're smart, those Chinese and Russian troops will arrive prior to the next presidential inauguration. That way Obama can grant them amnesty.
Hopefully the Chinese don't mind the radiation.
12-24 months is my guess. More time to keep stacking.
"It" already is happening, though it just hasn't reached the really bad parts yet. In 2008/2009 I was fairly convinced there would be a full-scale economic implosion, however it did not happen as it naturally *should* have. The way things "should" be, unfortunately, is not the way things are. There will probably NOT be the sort of "reset" that needs to happen, rather I think there will be a continuation of the synthetic crisis we are seeing, though with very real life consequences to average people. This continuation in a perpetual crisis-state is just another substrate to derive more power from. Why would a singular "reset" event benefit the elite when they could have a lot of smaller "the end is nigh" crisis to play with?
What's happening is more akin to a slow poisoning with definitive decline rather than a build up to a singular explosive event.
not worried..SP500 to 3000 anyone.
sorry..i dont buy this shit for a second.
Soylent green is people!!
Guess that means you're volunteering.
Do I get ketchup with you ?
Nobody eats soylent green with ketchup. Ask for the mustard.
Doom and Gloom, Doom and Gloom...they been saying it for 10 years, let them say for another 10 more years...blah blah blah, blah blah blah
So you're saying this is sustainable ?
Puts you right alongside a bunch of Romans,Venetians,Spaniards, etc etc etc.
There is one born every minute as the say.
Stupidity is ageless.
No, I don't think (can't speak for others) that this is "sustainable" BUT
and we're talking a big, big, but here-where the hell IS the top? Every time ya think it's reached peak idiocy the whole thing gets redefined. Yes it WILL crash. It WILL be a disaster but when? And for whom? And to what degree? Only a fool tries to call it.
Perhaps this is crashed. Perhaps rather than blowing up the whole system TPTB have come to realise that they can just do a slow bleed with a consistent return for...ever? Seems like the wage slaves seem pretty content in letting it happen. so much so that they CONSISTENTLY VOTE FOR IT, PAY FOR IT, AND SOMETIMES CHEER IT ON.
Seriously guys, if I woke up tomorrow morning and went to my local bank branch to make a withdrawal and they told me sorry Mr. Pessimistic, but all of your deposits now belong to XYZ bank and thanks for the bail-in!
I would simply smile and wish them a very Merry Christmas and return home.
Then the next morning that branch manager would arrive to a smoldering pile of ashes where the bank once stood. And then the next day, the branch up the road from my former branch would be a pile of ashes. And the next day, the branch down the road in the other direction .... well, I think you can see how flammable bad banking practices can be.
For me personally I never have any more than a few hundred "dollars" (that would be like the numeral three followed by two zero's on someones computer screen) in the bank at any point in time...
So for me if $300 worth of electrons disappear I'm not gonna get all butt hurt about it and burn a bank down. But that's just me.
The buildings will already be empty of any cash, most all employes fired. Those buildings catching fire would most likely be covered by insurance.
It's the Thought that counts!
Ho Ho Ho!
If they pull that crap they just burn't themselves up.
When the crash comes, everyone needs to destroy the evil, Satanic tribe behind it that runs Wall St and the media!
Yes...then turn them into candy. What could we call it, though... http://www.oldtimecandy.com/walk-the-candy-aisle/jujubes/
Proprietary financial and insurance models and code have silently become the law, due to the digital illiterates that run this country. Wall Street is very smart and loves to see folks distracted with things like "The Interview" movie, so they can keep running those models.
The Killer Algorithms page has videos from folks much smarter than me in one place that explain and a couple of them I found here a while back with credit given on the gold videos.
http://www.ducknet.net/attack-of-the-killer-algorithms/
The math models are failing and in any industry the Quants don't know when to stop and will destroy and vertical they can with models that may trump a great proof of concept, but they don't work in the real world, except to make the wealthy richer, which means for the rest of us, we are a bit techno serfs that serve the bots.
http://ducknetweb.blogspot.ch/2014/05/people-dont-work-that-way-world-of...
Trying to destroy the us dollar? Hmmmm........ the price/worth/action we've seen lately suggests 100% to the contrary.
You're measuring fiat against fiat, all of which is being destroyed. The FRN just happens to be the last turd swirling down the toilet bowl.
No "Middle" class is needed, as all classes are being redefined.
We will now/soon have: Royalty, Nobility, Gentry, Soldiers, Commoners, Peasants and Criminals.
Royalty = Banking elite
Nobility = Oligarchs, Social & Political Elite, Judges, Captains of Industry
Gentry = Entrepreneurs (only well to do), Millionaires
Soldiers = Soldiers, Spies, Police
Commoners = White & Blue collar workers
Peasants = No collar workers, Unemployed, some Homeless
Criminals = Criminals, Dissidents & Traitors, untouchable Homeless
The new Middle Class = Gentry & Soldiers and a few well-to-do Commoners.
The remaining Commoners are lumped in with Peasants in the Lower Class.
I spent 2 hours early this morning in the local bread line, along side approx. 200 other peasants, those folks are pretty decent, prepared for the cold, some quick with a smile or a wave, not expecting much but showed up anyway to accept the Christian provision & say thank you.
They were many of the same faces at Thanksgiving's 'food basket'. All of them 'signed up' with Dept. of Human Services, many are new to all this, and many are well experienced, wearing their favorite hand-me-down clothes & shoes.
There was a whole seperate, & first placed in line, for the 'aid workers', from the regular peasants, by the facilities' volunteer management the 'aid workers line was made' but also by the lined up peasants whom never groaned, but some where curious, all are somehow aquainted with those shut-ins needs that the minimum wage aid workers happily waited with us.
It was a Merry Christmas in the bread line today, I got 4 apples of good quality, 2 oranges, 2 cans of green peas, 1 stick of oleo, 1 coupon for $11 meat at the local Harps grocery, 1 bag of unbaked tortillas, 1 deal of dinner rolls, 1 yellow cake mix, 1 strawberry gelatin, 4 candy canes, 2 cans of dry black eyed peas. There was even a rack of used winter coats by the exit, if you need one.
wwxx
"yellow cake mix"
Watch out for that shit. Colon Powell thinks you're a terrorist now.
Did any atheists donate anything?
They donated their time down the street, protesting a nativity scene that gave others comfort ;-)
They did it as community service. Under court order.
I am not OK.
Throw out the oleo. It's carcinogenic.
If you need any socks I'm getting ready to donate a kitchen bag full of them but will send them to you if you provide an address. If you have a 34" waist can also send some Levis.
Thanks for the offer d'herblay, our community 'clothes closet' & 'food room' receives donation just like you mentioned all the time, sometimes we even receive new stuff with the tag still on it. You might look thru your pantry for any food that is not yet expired, but you have decided you will never get around to eating. Most of the food donation is from grocery stores and other retailers, the proceeds from clothing sales goes toward overhead, & food purchases, & emergency outreach (burn out victims). Just about anything can be donated, books, appliances, kitchen stuff, medical braces, walkers, shower chairs.
There is a mountain of used clothes down there, they throw away anything that is terribly torn, worn, or soiled, there is no attempt to 'clean or refurbish' at our facility, so a lot of good clothes get wasted because they smell like dog piss. We mainly organize stuff where shoppers can find it. What doesn't get trashed or sold, used clothes are 'bailed & recycled' and they claim they are shipped to 3rd world countries, to be given to the poor. But I have my suspicion, bailed clothes go directly to the textile mills, I don't know that to be fact tho.
I volunteer down there 30 hrs a month, (as required by Dept. of Human Services, which is slavery, in order to get $171/month on the EBT card) sweeping the floor, or washing the windows, sorting coat hangers, taking out the trash, I'm an athiest, but nearly all the other volunteers are Christian, and some do not rely on EBT, they do it for their own personal reason.
The Salvation Army, The Goodwill, & other entities, will be glad to get your sack of duds,... when you 'donate' them, get a receipt and use it as a tax deduction.
I threw all this post in here to remind ZH'ers that there is reality beyond the markets & government...(not that they don't have their fingers in everything).
wwxx
We are always giving stuff to the local thrift store. But we clean everything first. Last month, we even took them a toilet, because one family member now needs a "high toilet". Cleaned it up and they took it. We take stuff we buy but end up not using, or that after a few years we end up not using. Someone gives us a shirt for Christmas, we take an older shirt and give it to the thrift store. Stuff gets in the way. Simplify.
However, we don't get receipts, because Jesus said, "when you give, give in secret". Others may feel different. Also, we feel that our generosity has nothing to do with the government, and is none of its business.
I think generous people come from everywhere. You don't have to say that you "belong" to any Church.
However, if SHTF, it may be good to have a support/power group, and Churches fill that role. I am thinking of the book "The Diamond Age".
You are wrong, very wrong.
The decline of the middle class started in the field, on the farms.
When large corporations buy large planting areas based family goes to the bag.
They saw all assariados and the profit does not stay in the communities, go to shareholders.
The big banks ended up with small regional banks, the shit began in the early 1970s.
That istory to send only Jhon Boy to the University and the other six children staying at the farm was right.
The wrong was send their seven children to university, the farm went bankrupt.
In US history review will forcibly of those paragraphs I wrote above is of my own, can copy and save.
hehe.
Can I get a Captain Midnight video decoder ring from you to translate this?
https://www.youtube.com/watch?v=WvKlqMjfk1Y
I will just call J. G. Wentworth.
The End