Submitted by Charles Hugh-Smith of OfTwoMinds blog,
We are living in an era where a single statement of truth will drive a pin into the global bubble of phantom assets and debts, and the lies spewed to justify those bubbles.
How many nations are blessed with political and financial leaders who routinely state the unvarnished truth in public?
Only two come immediately to mind: Greece and Bhutan: Greece, where the new leadership repeatedly states the nation is bankrupt and extend-and-pretend policies are finished, and Bhutan, which explicitly rejects worshipping the false god of growth as measured by GDP (gross domestic product).
In other words, with remarkably few exceptions, the global Status Quo is a vast Empire of Lies.
I have used the phrase empire of lies since 2007:
Ron Paul used the phrase in his book The Revolution: A Manifesto which was first issued in January, 2008, which means he probably drafted it many months or even years before.
Regardless of its origin, the phrase perfectly captures the total dependence of the Status Quo on a constant spew of lies. The complete and total dependence on lies was cemented on December 5, 1996, when Alan Greenspan's injudicious tidbit of truthtelling--Greenspan hinted that the stock market might be manifesting irrational exuberance--caused the stock market to plummet sharply.
Political and financial leaders took notice of the incredible fragility of the inflating financial bubble and vowed to never publicly state anything remotely close to the truth lest the entire contraption of debt, waste, fraud and bogus accounting collapse.
What would happen if national and corporate accounts met the guidelines of strict accounting? We all know the flim-flam falsehoods of fake numbers would vanish and the nakedness of our bankruptcy and low net profitability would be revealed.
And what would be the immediate consequence of strict accounting? The collapse of asset bubbles predicated on the belief that the bogus numbers accurately reflected reality.
What would happen if the unemployment rate was calculated on the number of full-time jobs and the number of people who are ages 18 to 65? Given that only 44% of employable people have full-time jobs, the true unemployment number would not be a rosy 5.6%.
If corporate profit statements were stripped of accounting gimmicks, would the stock market continue rising at a rate that is five times the expansion rate of the economy? Nobody dares speak the truth lest the equity market bubbles collapse.
What would an honest accounting of government's unfunded liabilities for promised pensions and healthcare find? As Jim Quinn recently observed, the most accurate such accounting for the U.S. government found $200 trillion in unfunded liabilities--a staggering sum that is roughly twelve times the entire U.S. GDP--a sum that will require far higher taxes and a dramatic reduction in promised pensions/healthcare.
Does any political or financial leader dare speak this truth in public? What would happen if someone did declare that the monetary Emperor had no clothing?
We are living in an era where a single statement of truth can act as a pin on the global bubble of phantom assets and debts, and the lies spewed to justify those bubbles.
in 2001, they flew 2 planes into 2 buildings in NY and then blew up 1 side of the pentagon. in 2008 they let ONE INVESTMENT bank go bankrupt, which wiped out the entire financial system, what will the grand finale be in 2015?
PULL IT!
S C U M BA G S.
SCAM BUGS
SCAB MUGS
SMUG SCAB
GUMS CABS
Our life is one giant cosmic lie.
.
w in t flying f
I will post this once again. We live in a lie because people prefer the comfort of it. If that is what people want, that is what God will provide for them. When the truth finally hits, look out.
Below excerpt from:
http://www.theatlantic.com/doc/200905/goldberg-economy
THE WAY I SEE IT, it’s all a con game,” Cody Lundin was saying. “What I mean is that Wall Street has always been an illusion. Now it’s an illusion that’s crumbling. Wall Street is like someone who’s having heart trouble. It’s in constant need of resuscitation, but after a while, it just doesn’t work anymore. People think that Bernard Madoff was unique, that he was an illusion, but he’s just an extension of the same illusion, the same con game. This is one of the reasons I don’t like to have any debt. When you have debt, you become part of this illusion, and sometimes you get trapped by it.”
One of the most relevant chapters in Scripture:
2 Thes 2:1 Now we beseech you, brethren, by the coming of our Lord Jesus Christ, and by our gathering together unto Him,
2 That ye be not soon shaken in mind, or be troubled, neither by spirit, nor by word, nor by letter as from us, as that the day of Christ is at hand.
3 Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition;
4 Who opposeth and exalteth himself above all that is called God, or that is worshipped; so that he as God sitteth in the temple of God, shewing himself that he is God.
5 Remember ye not, that, when I was yet with you, I told you these things?
6 And now ye know what withholdeth that he might be revealed in his time.
7 For the mystery of iniquity doth already work: only he who now letteth will let, until he be taken out of the way.
8 And then shall that wicked be revealed, whom the Lord shall consume with the spirit of His mouth, and shall destroy with the brightness of His coming:
9 Even him, whose coming is after the working of Satan with all power and signs and lying wonders,
10 And with all deceivableness of unrighteousness in them that perish; because they received not the love of the truth, that they might be saved.
11 And for this cause God shall send them strong delusion, that they should believe a lie:
12 That they all might be damned who believed not the truth, but had pleasure in unrighteousness.
13 But we are bound to give thanks always to God for you, brethren beloved of the Lord, because God hath from the beginning chosen you to salvation through sanctification of the Spirit and belief of the truth:
14 Whereunto He called you by our gospel, to the obtaining of the glory of our Lord Jesus Christ.
15 Therefore, brethren, stand fast, and hold the traditions which ye have been taught, whether by word, or our epistle.
16 Now our Lord Jesus Christ Himself, and God, even our Father, which hath loved us, and hath given us everlasting consolation and good hope through grace,
17 Comfort your hearts, and stablish you in every good word and work
god is the greatest lie
amen zion wants human distracted
How do you know that?
The Zionist God has been sold by a small group who have the most to gain from being "god's choosen people". They wrote the Bible and gave themselves top billing! Perfect.
It depends on who you listen to and claim as to who are God's chosen people. Your assessment as to who wrote the Scriptural text reveals a little deeper dig into the rabbit hole is required. Don't believe everything "they" are trying to indoctrinate us with as to who are the authors.
GUM SCABS
Jews
Pollution.
Pull it? I can't even get it up any more.
I'm going with cloud....could be toxic, could be mushroom, could be AWS, but definitely cloud-based.
But everyone loves the cloud! It's the hottest thing in computing!
All hail the glow cloud.
or clod, as the case may be
shale oil will die. We will see it after 3 months
This wouldn't have anything to do with Bhutan doubling it's debt to GDP ratio in the last five years would it? LOL
The strongest message of what the current Greek government represents
Some one lied!??
I don't believe it...
That's what happens when your puppets get into the cialis cache...
Sorry - was I supposed to comment on the content?
When banksters take too much Cialis, they're liable to pull a boner.
When that happens... game over.
The end of the bubble only needs one prick!
"We are living in an era where a single statement of truth will drive a pin into the global bubble of phantom assets and debts, and the lies spewed to justify those bubbles."
Actually we are not...no one believes the truth so not a problem for the elite.
"My American friends know what to do, but I'll wait a long time for a Beverly Hills coup."
Exactly. The truth is imperceptible. The lies are so voluminous and the truth is so improbable that few if any, even those who should be in the position to know, actually do know what the truth is. As Clinton so famously said, it depends on the meaning of "is". We knew then we were officially fucked for any foreseeable future.
I think most folks with a brain knew that about the US circa 1977 or so...we papered over it with debt, inflation, and flag-waving jingoism for decades, but the end was baked into that cake the whole time.
People choose the blue pill 99 out of 100 times
"It is easier to fool people than to convince them that they have been fooled."
-- Mark Twain
I prefer to think of myself going Galt. Being unemployed just doesn't sound sexy...
I guess I'm lying to myself.
Time to start saying I'm retired.
Plant two weed plants, then you're a farmer and eligible for aid.
unless you do it in a "wetlands" - then you are a criminal
In this state, two weed plants is a more severe crime than a meth lab.
Why? Because Murderjuana, that's why!
try "disabled" - you'll get more of your money back from the govt that way
Actually, he'll get more of my great-grandkids money. And yours too.
Doesn't matter who tells the truth if you have control of the markets.
And it's a sad thing that "con"fidence is dictated to most by the markets rather than the truth.
You can fool some of the people all the time and all of the people some of the time. But you cannot fool all the people all the time.
Therefore 'controlling' the markets is simply fooling all the people some of the time. The 'control' is a facade, an illusion, and thus quite destructible and unsustainable.
Sounds like an Obituary.
The Big Lie - an enormously powerful propaganda technique.
Ex: 911 and The New Pearl Harbor
The expression was coined by Adolf Hitler, when he dictated his 1925 book Mein Kampf, about the use of a lie so "colossal" that no one would believe that someone "could have the impudence to distort the truth so infamously."
The only real solution to get at the truth would appear to be, "get a rope" .
"The more I see of the moneyed classes, the more I understand the guillotine."
- George Bernard Shaw
Say what you want, we are clearly going substantially higher.
You are either long or wrong.
Only one of us will be solvent after all is said and done though. ;)
Incredible Radar Image of Huge Chem-Trailing at Key West
http://winteractionables.com/?p=18398
Bhutan has opted to measure well-being not by bogus "growth" (digging holes and filling them, and other Keynesian Cargo Cult nonsense), but by Gross Domestic Happiness: It's Time to Retire Gross Domestic Product (GDP) as a Measure of Prosperity (April 18, 2014)
Which means Buthan instantly went bust.
I can't wait until the Ruskis release what they know about the "terrorist planes" in the rotting apple.
Maybe it will finally wake some americants up to the fact that their beloved gov loves them.
NOT!
(LULZ)
"Truth is treason in the empire of lies" - George Orwell 1984
duplicate
In a time of universal deceit - telling the truth is a revolutionary act. Orwell
You are aware, of course, that many people in Bhutan practice polyandry ( = one wife, many husbands). Their idea of a 'good time' is not exactly the same as yours (I assume you're not from Bhutan).
For some relief: http://ragingbullshit.com/
here's what scares me: money supply is really just a bunch of #s in a bunch of computers at this point. if you really think about it the global financial system is arguably just a LOW tech/obsolete version of bitcoin... I can pull my account balances on my bank's or financial planner's mobile apps but those #s don't represent gold in gringot's, they're fundamentally not that different from my waze points/rank. that, however, is not the actual scary part - the scary part (at least to me as a middle-aged american) is potential mass scarcity of critical goods/services. if I were an alien observing humans from orbit/sigint(s) I might conclude that there's a country called "china" that manufactures the bulk of the world's widgets, there's a country called "india" that supplies mass quantities of cheap remote white collar labor, there's a group of countries that pump ancient hydrocarbons out of the ground & there's this country called "united states" that seems to be something of an "alpha" country despite the fact that it's chief export seems to be bad debt... when the 1st three realize they've traded a couple of generations of labor & finite hydrocarbons for glass beads it may become an interesting time to be american...
The problem is that the liars have good, well paying jobs and those jobs depend on the lies they tell. If they told the truth about how badly they have failed, they would be out on the street in about 3 seconds.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
"How many nations are blessed with political and financial leaders who routinely state the unvarnished truth in public?"
If any come to mind then you are fooling yourself.
In politics everything is a strategem.
Bhutan is a sattelite commie slave state where the dictatorship that runs the country tells everybody to don't worry be happy while looting everything in sight.
Russia is telling it straight, Bhutan not so much.
Silly rabbit. If 100 trillion is due the older population (social security, medicare, medicaid, whatever), what happens if those populations are vaporized? Debt goes to zero.