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"It's A Coup D'Etat," David Stockman Warns "Central Banks Are Out Of Control"

Tyler Durden's picture




 

We're all about to be taken to the woodshed, warns David Stockman in this excellent interview. The huge wealth disparity is "not because of some flaw in capitalism, or Reagan tax cuts, or even the greed of Wall Street; the problem is central banks that are out of control." Simply put, they have "syphoned financial resources into pure gambling" and the people that own the stocks and bonds get the huge financial windfall. "The 10% at the top own 85% of the financial assets," and thus, thanks to the unleashing of almost limitless money-printing, which has created a massive worldwide financial inflation, "the central banks have created and exaggerated the wealth gap." Stockman concludes, rather ominously, "it's a coup d'etat, the central banks have taken over - unconstitutional domination of the entire economy."

"Everywhere, misleading distorted signals are being given to both public and private sector players about financial values... the prices have been falsified by The Fed.

 

We can't print our way to prosperity... The Fed is now petrified that Wall Street will have a hissy-fit when they tighten."

Full interview below:

 

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Sun, 05/24/2015 - 13:34 | 6127083 COSMOS
COSMOS's picture

A man is judged by his actions. So are countries. We can judge US and China by their actions. Personally I think it is pretty clear, one is trade, commerce and infrastructure not only domestically but also Internationally with many countries who have been ignored by the US. $250 Billion/10 years is a hellishly huge sum in addition to $50B for AIIB, $50B for Silk Road, $50B for Renewable energy and $180B already spent in Africa, not mentioning hundreds of billions Dollars spent inside China to build domestic infrastructure. 

The other guy? Rattling the Sabre wherever it goes. Threatening with modern weapon to export the "Democratic" system that is even failing US itself. No wonder where US forces her will, it fails, causing lasting chaos, blood, death and destruction. Yet US has no problems repeating its mistakes over and again! Such behavior is non-sustainable. US is heading for a Big Crunch. It's just a matter of time. 

Also want to ask Obama, how long US intends to keep on printing bank notes and raising its debt ceiling until the house of cards collapses?

Sun, 05/24/2015 - 13:55 | 6127119 Headbanger
Headbanger's picture

But the elites don't get it simply because they became very successful from how things were in the US

So they see nothing wrong with the status quo

But they know it's slipping away beneath them which is why we have militarized police, government spying on everybody and now banning cash.

We're in for a very hard crash now which will obliterate the status quo.

The big question now is what will take its place?

For one,  We will see the demise of the Two Party political system we have now as lesser parties gain more power.

We may also see several states secede in the next few years or even another Confederacy.

I wouldn't rule out a military coup here either.

Sun, 05/24/2015 - 13:58 | 6127142 eatthebanksters
eatthebanksters's picture

What is truly stunning to me is that the libtard Keynseians that run the Fed have always screamed loudest that trickle down economics don't work...and yet, what the fuck are they doing.  Liars or morons and they are in charge...we are fucked.

Sun, 05/24/2015 - 14:24 | 6127209 Nockian
Nockian's picture

The point is that we have fucked ourselves. We let them do it to us. They figured out a system of control through democratic elections which are the equivalent of a football match coupled to a lottery. The winners and losers change every few years depending on public mood.

Ask anyone if they want to opt out and give up on the state lottery welfare system and you might as well be asking if we should lose the Earths atmosphere. The conversation is only about soft socialism vs soft fascism.

Virtually the entire western world is wedded to the idea of the state and democratic rule. They all want the Kool aid of state education, welfarism, central banks, tax and Monopoly money. They are terrified of the chaos they believe would result if the state disappeared. They totally believe in it to such an extent they would die to preserve it.

Two world wars, Vietnam and the entire sorry saga of Middle Eastern intervention, surveillance, failure to protect, educate, provide financial stability and create a widening wealth gap, police state, privacy intrusions on an Orwellian scale, increasing crime, dumber kids, pollution, droughts and a general decrease in our living standards. Absolutely none of it has convinced the masses it isn't the best option. They openly lie to the public, they take bribes, are involved in scams and wars and the most they get is a slap on the wrist before being shuffled off the stage and into wealthy retirement. If that hasn't persuaded people I think it's likely nothing ever will.

Sun, 05/24/2015 - 16:10 | 6127452 Sudden Debt
Sudden Debt's picture

EVerybody lets them do what they want in the hope they leave some crumbles behind for them.

Have you eVer noticed how people change when some rich bastard is showing off? They become like cheap hookers! Smile at everything they do and say and sell out every belief so it fits into what these guys are saying.

Everybody hopes for the cfumbles and dreams of becoming like them so they can piss on every ody else.

And that’s what our society has become.

So in a way, our economy will implode, explode and implode again And I don’t see any reason to have pitty with those people.

I don’t believe in showing off, I like to have fun and enjoy my life with family and friends where everybody feels comfortable. 

Nothing will change. 

Just know this:

When all hell breaks lose:

1: people will go to people who prepared

2: if you told anybody you own silver and gold: buy a big ass dog and a gun or move away. And stop saying that starting now. 

 

The rule now is: act like everybody else, act stupid like they do, shut the fuck up about everything and blend in. That’s what I do now. 

Blend in, act stupid, be silent.

 

 

Sun, 05/24/2015 - 22:52 | 6128382 TheReplacement
TheReplacement's picture

When I see a rich guy showing off I watch on the off chance he drops a gold watch or a hundy or two.

Sun, 05/24/2015 - 23:33 | 6128474 ACP
ACP's picture

I just learned Dave Stockman is vehemently anti-2nd amendment, so fuck him. There are other influential figures with the same opinion about central banks, but who have common sense.

Sun, 05/24/2015 - 23:51 | 6128516 Money Boo Boo
Money Boo Boo's picture

that still doesn't excuse the fact America is one giant fart that has stunk up the room for nearly 400 years

Mon, 05/25/2015 - 00:43 | 6128585 Calmyourself
Calmyourself's picture

Ha,just because he has sense regarding finance you expect his "elite" status to evolve.. He has no idea the world is full of wolves, America included he has lived in an ivory, Wall Street and Washington elite bubble his entire life. Take the limited wisdom he offers and

" You do not have enough ammo" Ann B....

Mon, 05/25/2015 - 03:32 | 6128721 JoeySandwiches
JoeySandwiches's picture

His wife is also very pro-abortion. I dunno what to think about David Stockman, but he is very smart and eloquent about the matters of this insane financial world.

Mon, 05/25/2015 - 04:53 | 6128780 Sandmann
Sandmann's picture

David Stockman is not YOU. He thinks the same as you on some things and not on others. If you are looking for a clone buy a bigger mirror

Mon, 05/25/2015 - 05:25 | 6128796 JoeySandwiches
JoeySandwiches's picture

I'm just saying that I trust him on financials and his articles are great, but I don't know quite where his moral compass points.

I'm sure it's not my place to judge, but I can comment all I want. And with saying that, I'm still going to enjoy his future articles.

Mon, 05/25/2015 - 09:45 | 6129054 shovelhead
shovelhead's picture

Sorry,

The hive mind accepts no deviation. Please enter the correct code.

 

Mon, 05/25/2015 - 00:28 | 6128568 philipat
philipat's picture

And the elected representatives of "We the people" were happy to sit back, do nothing and carry on spending. The Fed (Aka The Banksters) has indeed taken control and one can only hope that when it all caves in there will be nobody else to blame. They have painted themselves into a corner by not kicking the can back to Congress several years ago and noted that Monetary policy can only go so far. They didn't because GS/JPM et al wanted to remain "In control" and now the Fed alone will be left with all the blame. The politicians will be in the front row pointing the finger at The Fed and their "Bad policies", which of course Congress did nothing to change.

Mon, 05/25/2015 - 08:49 | 6128956 BandGap
BandGap's picture

Live in the country, work in the city. Two different worlds. Have to keep family close so the discussions have been going on for awhile. It is nice to have other perspectives just to reaffirm you aren't going crazy. Crazy time these are.

Sat quietly last night until friends started talking about how their church was giving financial advice - literally, get your money out of the banks. While it's not crazy, when was the last time you heard of a congregation being told that it is a necessity to have the bills in hand for when the shit hits the fan? Our friends were slightly confused until I told them that, at least at the beginning of the crunch, having cash in hand will be valuable. All the other pieces of societal demise are easy enough for all to see.

City people (Chicago area) are hard to gauge. Not sure what they think but they eat a shitload of manure when their politicians speak to them. I would wager that all, or most of them, in the inner city have zero clue. Even in the suburbs they hardly question anything. I don't say a word. I have to plan to get out if Chicago goes up. It is already smoldering. Rahm the bomb and the new governor are on a collision course as far as finances. Interesting viewing.

 

Tue, 05/26/2015 - 02:53 | 6131835 Hobbleknee
Hobbleknee's picture

https://youtu.be/Ddi2TBnzdPo?t=1m4s

Take the children and yourself
And hide out in the cellar
By now the fighting will be close at hand
Don't believe the church and state
And everything they tell you
Believe in me, I'm with the high command

Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?
Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?

There's a gun and ammunition
Just inside the doorway
Use it only in emergency
Better you should pray to God
The Father and the Spirit
Will guide you and protect from up here

Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?
Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?

Swear allegiance to the flag
Whatever flag they offer
Never hint at what you really feel
Teach the children quietly
For some day sons and daughters
Will rise up and fight while we stood still

Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?
Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?

Can you hear me running (can you hear me calling you?)
(Can you hear me) hear me calling you?
(Can you hear me running) hear me running babe?
(Can you hear me running) hear me running?
Calling you, calling you

Sun, 05/24/2015 - 16:28 | 6127495 RafterManFMJ
RafterManFMJ's picture

Somebody made the comment at work that peace would best be served if DC were incinerated by an asteroid or a "crust buster" nuke.

The consensus was - no shit - that'd be terrible as the U.S. would be invaded and conquered.

They couldn't say by who, "Mexico?" I quipped, but the idea of being without Washington's cock in their collective assholes gave them the willies.

We're fucked people, in the worst most non-consensual way.

Sun, 05/24/2015 - 17:28 | 6127646 OC Sure
OC Sure's picture

 

 

Raise your concerns at a second constitutional convention per Article Five's convention of states clause?

Put at the top of the agenda the end of counterfeiting by the federal reserve?

Put at the top of the agenda the eventual dismantling of the Federal Reserve's monolpoly on "banking?" 

Put at the top of the agenda the end of purchasing newly issued debt from the No-more-Treasure department with counterfeited currency? 

Put at the top of the agenda the end to paying off the principal and interest of this corrupted debt with the direct taxes on those who are taxed directly?

Discuss and implement whatever else is required to release We the Slaves back into We the People?

 

Sun, 05/24/2015 - 20:02 | 6128004 Pool Shark
Pool Shark's picture

 

 

State legislators will never call for a Constitutional Convention; they're just as corrupt as DC. IF DC is the Major League of fraud, the states are just the AAA farm teams...

 

PS: While Stockman is right about Central Bankers why wasn't he saying this 30 years ago when he was part of Reagan's administration?..

 

Sun, 05/24/2015 - 22:53 | 6128388 TheReplacement
TheReplacement's picture

Oh they might indeed call for it.  Of course, we definitely won't like who they send to the convention and we certainly will hate the changes they make.

Mon, 05/25/2015 - 09:38 | 6129038 OC Sure
OC Sure's picture

It has often been said since the 1960s that any second convention of states would be an unmitigated disaster. 

The principles are already in place and the natural course of events leads us to Despotism. 

What then is the alternative?

There are only 2 of which the founders experienced both:

Either boil like frogs or bloody revolt.

 

As the result of their experience, a less destructive course was implemented via Article V of the constitution by which ballots are given one last chance over bullets. 

 

 

 

Sun, 05/24/2015 - 23:11 | 6128432 JoWazzoo
JoWazzoo's picture

The Fedreal Reserve of the early 1980s is NOT the Fedreal Reserve of today.  Not close.  The Fed then had no problem driving interest rates to the moon to break the back of inflation.  Caused 2 rather bad recessions back to back.  Now we have a Fed that does not have the fucking balls to raise rates one fucling eighth of a point after ZERO for 6 fucking years.

 

And the Fed then would NOT have dreamed of QE.

 

Central banks were not out of control then.  They are now TOTALLY out of control.

Mon, 05/25/2015 - 11:15 | 6129011 OC Sure
OC Sure's picture

 

The degree to which they are out of control is not the issue.

The fundamental principle as to why a monopoly on banking is necessary and proper at all is the issue.

That this fallacy of a monopoly was implemented is the cause of the bankers aggressions. 

That they appeared not "out of control" then but do now has little to do with time and all to do with the principle guiding their actions. 

Mon, 05/25/2015 - 09:30 | 6129020 OC Sure
OC Sure's picture

"...why wasn't he saying this 30 years ago when he was part of Reagan's administration?"

One who acted right but then acts wrong has been corrupted.

One who acted wrong but then acts right has been corrected. 

Just be grateful he is in correction mode. 

Mon, 05/25/2015 - 10:05 | 6129092 shovelhead
shovelhead's picture

He did. He was the number cruncher. He pretty much told them they were insane.

They didn't listen. He was right. OMB doesn't make policy and he resigned over concern about deficit spending after being spanked about some overly candid interviews in the Atlantic Monthly.

Truthiness is betrayal.

 

Mon, 05/25/2015 - 11:17 | 6129285 OC Sure
OC Sure's picture

 

 

Good for him. /kudos

 

"Piety requires that we honor the truth above our friends."  ~ Aristotle

Sun, 05/24/2015 - 14:35 | 6127238 stant
stant's picture

That's exactly how I see it Hb

Sun, 05/24/2015 - 15:18 | 6127356 JRobby
JRobby's picture

"The big question now is what will take its place?"

Chaos, anarchy followed by regional power struggles. A list of the war criminals needs to be created, perpetrators hunted down, tried and executed.

War crimes MUST include financial crimes. War is in the board rooms, the CEO suites, cyberspace as well as the battle fields.

Mon, 05/25/2015 - 02:36 | 6128684 natty light
natty light's picture

Deck of cards? 

Mon, 05/25/2015 - 06:40 | 6128838 bunnyswanson
bunnyswanson's picture

Their deck of cards:  https://www.youtube.com/watch?v=AZZCrNTJwlM (Illustration of cards depicting events, similar to tarot cards, 3 min).  Long.Strange.Ride

Mon, 05/25/2015 - 03:35 | 6128725 JoeySandwiches
JoeySandwiches's picture

After SHTF, before the internet gets shut down, Tyler needs to set up a 'to-kill list' and then a version that could be made into a nice, shiny flyer.

We can't afford to forget who the elites were that destroyed us.

Sun, 05/24/2015 - 14:50 | 6127279 Hope Copy
Hope Copy's picture

Who says thet the US Fed can't fail?  It's private and at anytime can declare its self insolvent.

Sun, 05/24/2015 - 18:51 | 6127856 Milestones
Milestones's picture

Those ignorant of history are doomed to repeat it's failures.     Milestones           

Mon, 05/25/2015 - 00:52 | 6128602 GRDguy
GRDguy's picture

Yeah, and those of us who are well-versed in history are doomed to watching them do it all over again.  Kinda like catching your young son sticking his hand in the fire to see if it's really hot; even though you had warned him not to do that, over and over again.  Sigh.

Mon, 05/25/2015 - 01:06 | 6128614 TeethVillage88s
TeethVillage88s's picture

Yes, thanks. The British & European Bankers will recreate new US Bubbles if they want and as possible in view of the circumstances...

Or they will enjoy investment & profit from Investment in many Developing countries in Latin America, Africa, Asia, Russia, China, Oceania...

Or they will chose a new Consumer Market and Superpower to displace the USA and recreate the Development of another Frontier like America.

After all there are no capital controls to prevent bankers from capital flight, excessive administrative costs, or excessive compensation at the expense of Stocks or Bonds investors.

Mon, 05/25/2015 - 10:43 | 6129175 STP
STP's picture

The British, Europeans (and American) Bankers will find themselves, already squeezed out by the Chinese.   The Chinese are ALREADY doing this, and not having to hit those countries with a big stick, while doing it.

Mon, 05/25/2015 - 09:50 | 6129062 GMadScientist
GMadScientist's picture

Again, Cosmos, you're really too fucking stupid to be posting here. You need to spend a few years reading.

The Chinese aren't setting up 'infrastructure' for anything other than accumulating more resources; the exact same thing the US has done for decades with military bases, but with only the affectations of the WTO to stop them from monopolizing those things that will maintain their superpower status once they ascend. That's it. There's no more altruism in what they're doing than Shell arming kids to keep their oil flowing elsewhere in Africa. Speaking of, most of the countries the Chinese are setting up shop within were conquered by Europeans a century ago, so lack of American involvement is not exactly meaningful, and most of what the Chinese have purchased (Rio, half of fucking Australia...) was to ease pressure on indebted western governments. They're just making sure their damn bonds don't fold from counterparty risk and that trade in trinkets will continue to flow to idiots like you.

 

Mon, 05/25/2015 - 10:14 | 6129110 Firepower
Firepower's picture

Very true. What's ASTOUNDING is how long it keeps going:

Plain Answers: The Mortgage Elite (mildly NSFW) http://wp.me/p2kmGE-1AU

Sun, 05/24/2015 - 17:21 | 6127092 Stained Class
Stained Class's picture

Excellent question about Reagan, he'd be mortified...at what Greenspan did.   See 11:00 in.

David, call it like it is: The Central Banks have CORNERED THE BOND MARKETS!

Sun, 05/24/2015 - 13:41 | 6127100 Meremortal
Meremortal's picture

Stockman is right except for his zero sum implication regarding wealth. 

Sun, 05/24/2015 - 14:15 | 6127181 Kirk2NCC1701
Kirk2NCC1701's picture

And except for his omission that the staging for the Coup started in 1980, when Ronnie Raygun became the POTUS, GHW Bush became the VP, and Cheney & Rumsfeld were in the Administration, alongside "St. Stockman". 

Sun, 05/24/2015 - 19:32 | 6127803 essence
essence's picture

Stockman quit (or was-shown-the-door?)  the Reagan administration when the numbers began to not add up.

He's a numbers type of guy, or I should say was because it is evident that the years have seasoned him and he is far more cognizant of how things tie together and how we've all (well, at least the 99.99% of us) have been manipulated.

(history lesson to those readers not of vintage age: Their was this notion then that tax cuts would encourage business activity that would more than make up for the short-term loss of tax revenue (all well & good, only the MIC went on a spending spree and the end result was MOAR gov borrowing). 

For what it's worth Kirk, I am in agreement that the neo-cons and fascists got a real toe-hold and traction in the Reagan administration. Despite his good intentions, Ronnie wasn't the sharpest knife in the drawer to begin with, and in retrospect, it is evident that Alzheimer's was already affecting him as early as the latter part of his 2nd administration. The neo-cons took his 'keep-America-strong' attitude, hijacked it and milked it for all they could in pursuit of their own agenda.

Getting back to present day Stockman, while I don't agree with him on some matters (e.g.  Social Security being scrapped without at least partial reimbursement to it's under 62 victims who spent their careers forced to pay into it),     I would say your characterization of him isn't fair.

Besides, he writes one hell of a good article consistently;  he knows facts & figures like few others.

Sun, 05/24/2015 - 22:57 | 6128396 TheReplacement
TheReplacement's picture

Mind control works best against the youth.  Someone with Alzheimer's can certainly be childlike and the fact they genuinely cannot remember things must have been a boon.

Mon, 05/25/2015 - 10:23 | 6129133 shovelhead
shovelhead's picture

Good take.

No discussion of the Reagan years can be complete without Cap Weinberger's out of control military spending. Unfortunately, Reagan was starstruck with the JCS and demurred to them on most military matters.

Mon, 05/25/2015 - 02:04 | 6128661 mortem-tyrannus
mortem-tyrannus's picture

Change your avatar you spinless chickenshit bloviating piss pot. Captain Kirk is pretty damn cool, but even he is not worthy to be kicked in the face by the boots Ronald Reagan wore to muck out his horse stalls. You aren't worthy to bear the Kirk's image.

Dutch Regan was the greatest president this country every had with exception of George Washington who alone among all men on earth, refused the temptation to become a King.

The only fucking reason anyone employs your shit sorry ass (and mine) today is that Ronald Reagan rebooted the second shittiest economy this country has ever seen that he inherited from LBJ, Nixon and that flying, flabberghasting mental halfwit Jimmy Carter. Don't even get me started on the new dealers. God forsaken liberal progressive flesh eating zombie whores.

What has Barack Obama done in the last six years?

1 - Stick his dick up Reggie's ass to kick of his world apology tour when he should have been acting like the Commander in Fucking Chief and leading the free world in the overthrowing of terrorist regimes worldwide.

2 - Play golf twice a day, every day, with a bunch of goddamn apes who then stuck their dick up his and Reggie's ass while he should have been attending Cabinet meetings on how Ronald Reagan rebooted the 1981 economy.

3 - Accept a Nobel Peace Prize he did nothing to earn but was given anyway by the greatest band of ass licking toadies Europe has ever seen. And that is really saying something don't you think?

4 - Run up eight or ten trillon dollars of additional debt that will either need to be defaulted on, inflated away or burned off slowly through years of tortuously slow growth.

5 - Claim to heal the Earth while flying around in a big jet polluting the environment all to give blowjobs for political donations.

I get that queers are taking over the earth, but fuck me freddie, this is getting a little out of hand don't you think?

Does anyone else long for the days when men were men? And speaking of real fucking men, Dick Cheney has inspired more fear in the hearts of powerful evil men and pitiful little fuckwit dick swallowers like you than any American has done before or since.

I have a link to an image I think is a little more appropos for a poltroon like you:

http://girlsjustwanna.wpengine.netdna-cdn.com/wp-content/uploads/2012/10...

But then again, I feel like I am doing a disservice to the Cowardly Lion.

Mon, 05/25/2015 - 10:28 | 6129144 shovelhead
shovelhead's picture

Well,

alrighty then.

Mon, 05/25/2015 - 13:31 | 6129762 mortem-tyrannus
mortem-tyrannus's picture

Yeah. I probably shouldn't be allowed to post until *after* I have taken my meds.

I will get my thorazine prescription renewed...

Sun, 05/24/2015 - 13:44 | 6127102 Chuck Knoblauch
Chuck Knoblauch's picture

The US is run by bull queers.

America celebrates bull queer day tomorrow.

Sun, 05/24/2015 - 22:52 | 6128384 palmereldritch
palmereldritch's picture

LOL

OK Viewers.  Get used to this green hound's tooth pattern.  There's only like 8 hours ahead.  Good luck not not watching all of it once you've started...

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

Mon, 05/25/2015 - 01:26 | 6128633 mortem-tyrannus
mortem-tyrannus's picture

Come on Chuck. Would you really rather be ruled by Eurofaries?

"Now little chucky chuck, make sure you pee sitting down so you don't splash anywhere and make nanny Merkle very cross."

I for one fear our military like I fear nothing else on God's green earth.

For every 10 pathetic unemployable fat ass desk jockeys too fucking dumb to find their dick with either hand, there is one true warrior, born in sin, who lives on nothing but red raw meat.

God help anyone who has to face those bastards down on the field of battle.

Happy Fucking Memorial Day!

Mon, 05/25/2015 - 04:56 | 6128783 Sandmann
Sandmann's picture

and I thought the fairies were in Washington DC........as for your "military" I doubt ISIS is too bothered, they have taken Ramadi and Fallujah and will soon be inside the Green Zone.......American military is as relevant in the Middle East as Roman Legions

Sun, 05/24/2015 - 13:44 | 6127105 reader2010
reader2010's picture

Of course, capitalism is always right when the income of a single Mexican billionaire today is equivalent to the earnings of the poorest 17 million of his compatriots. It's not central banks fault. Rather, "When shit becomes valuable, the poor will be born without assholes."

Sun, 05/24/2015 - 20:07 | 6128013 AUD
AUD's picture

Shit has become valuable, that's the essence of inflationism.

Only when governments & their banking buddies redeem their obligations in gold will shit become shit again.

Until then we continue down the path toward oblivion.

My money is still on nuclear holocaust

Mon, 05/25/2015 - 03:43 | 6128731 rockface
rockface's picture

Wrong.  The government will nationalize assholes and start a program to ensure that poor will each have two assholes on the assumption that they will generate twice as much shit.  Progressivism in a nutshell. 

Mon, 05/25/2015 - 12:26 | 6129516 Georgiabelle
Georgiabelle's picture

I'm noticing a pervasive dick/asshole/shit theme running through this thread. Really guys, can we use our inside voices, and words?

Tue, 05/26/2015 - 01:34 | 6131767 Livermore Legend
Livermore Legend's picture

Indeed...

And soon he will be LOSING more than those 17 Million MAKE in a Year.....

In fact, the Move in the PESO from 11-15 just Cost 30% of ALL ACCUMULATED WEALTH in his Lifetime....

In terms of "TIME", the Most Valuable Commodity of ALL, that means 22 YEARS Taken Back...........

DEFLATION works both as to CAPITAL and as to TIME.

All those European "Investments" at EUR 1.40 +....

NOMINAL will Catch Up with REAL in Due Course......

Meaning Many More YEARS are going to be TAKEN...

You See, Nobody is Immune to what is Unfolding.....

Nor the "Boiled Frog Syndrome".....

In fact, the entire SLIM FAMILY is already Working for Nothing....

Because their FORTUNE has already begun the Melt Down:

The Square of Past Results, Will NOT Extrapolate into the Circle of Unfolding Reality.....

Perhaps as they approach the $ 50 Billion mark to the DOWNSIDE in REAL TERMS, that will become Clear...

They Now join Ricardo Salinas Pliego, who has already started Working for Nothing c. 2012, except RSP was already some 50 % Down BEFORE the Peso Move to 15....

As I have said Gentlemen, Why Lose ?

Sun, 05/24/2015 - 13:44 | 6127106 BurningFuld
BurningFuld's picture
"Syphoning Financial Resources Into Pure Gambling"

Um, I would argue it is syphoned into their own pockets more than anything else. But that's just me.

Sun, 05/24/2015 - 14:12 | 6127179 NihilistZero
NihilistZero's picture

How is it gambling when they can't lose???

Mon, 05/25/2015 - 11:05 | 6129241 STP
STP's picture

Not yet.  I don't think the General Public will tolerate another TARP bailout, as they've seen the results of the first one.  More are becoming awake, and awakening others.  Some may choose to remain silent, but there are times and people, that are worth giving a nudge to.  I keep a few PDF's on my phone, just to share.  The OCC one, is really good, on the Derivatives positions, held by the five largest banks and their 'assets'. Another is the Los Angeles County Budget (where I live), showing, easily viewable pie charts, as to how the taxpayer money is spent.  The PDF's are readily viewable, no searching and they are convincing, because most people, don't have a clue, but they sure do, when I'm done with them!

Sun, 05/24/2015 - 13:45 | 6127109 CarpetShag
CarpetShag's picture

Another great rant Dave! So what happens next week?

Sun, 05/24/2015 - 14:07 | 6127168 Nockian
Nockian's picture

Isn't that the old Noah problem ?

The economy is a simple matter of cause and effect. We all know the rules and there isn't a way to avoid them, only ways to temporarily bend and distort the constituent parts. Eventually something will give, something will happen, action will be taken. How, where, when or in what timeframe is a mystery.

All these guys can do is to warn that eventually all boats will return to shore. I must say I get sick of hearing them and my own voice on this subject. It feels like an alarm that keeps going off even though no obvious danger is present. Then one day it will be that time and everybody will say no body saw it and the world will get busy picking up the pieces.

In the end we haven't bombed our industry, infrastructure, homes, workers and families into oblivion as happened in the two great world wars. We will wake up one day with a new electronic world currency in a cashless society which we will be told can avoid all the problems of the last 50 years. Most of us will be poorer, but we won't remember being richer. Real capitalism and time will have altered our real incomes so much we will simply cuddle our 3D iPads and print out an electric car. Things won't seem to change and the storm averted for another 50 years.

Sun, 05/24/2015 - 16:35 | 6127517 mvsjcl
mvsjcl's picture

"How, where, when or in what timeframe is a mystery"

 

It's a mystery to us; we're not in the Inner Circle. For those who are, not so much a mystery. It's culling time, and they've brought the knives.

Sun, 05/24/2015 - 13:45 | 6127110 Condor96
Sun, 05/24/2015 - 13:47 | 6127120 umdesch4
umdesch4's picture

I love how some people like to make it about the 10%, or the 1%. It's only once you get right down to the 0.01% or smaller that you find the real sociopaths making the mess.

Sun, 05/24/2015 - 13:59 | 6127145 Professorlocknload
Professorlocknload's picture

Up one on that, but it just might be sociopaths all the way down?

Sun, 05/24/2015 - 14:33 | 6127230 Nockian
Nockian's picture

Exactly right, they have our number. Its up to us to stop grabbing and trying to control everyone else's lives through our worship of the bully. It's not unlike the idea of the devil that knows we are weak and can tempt us into betraying ourselves and each other.

There is no point in expecting others to give up, we must individually decide to walk away from supporting the bully. If we can then maybe we can inspire a meagre few to see the truth and over time, perhaps enough numbers will exist to end this forever.

Sun, 05/24/2015 - 16:42 | 6127541 Boomberg
Boomberg's picture

It's said that power corrupts, and corrupts absolutely. It would be better stated as power reveals the corrupt, and reveals it absolutely. The only difference between the corrupt 1% and the 99% is that the 99% don't have the means to express their corrruption. 

Sun, 05/24/2015 - 14:28 | 6127200 Kirk2NCC1701
Kirk2NCC1701's picture

The better, more probing and more awkward question is...

"What's that say about the 99%?", if <1% can manipulate and control  it?

(Tick, tock.   Crickets)

Brave is as brave does. And Freedom  (besides never being 'free') is NOT for the dumb, uninformed, lazy, scared or disorganized. 

Sun, 05/24/2015 - 14:35 | 6127237 Amish Hacker
Amish Hacker's picture

Polls show less than 10% public approval rating for Congress, yet 90% of incumbents get reelected. Given that reality, it's difficult to imagine any alarm clock loud enough to wake people up.

Sun, 05/24/2015 - 14:42 | 6127260 El Vaquero
El Vaquero's picture

Typical reasoning by sheep:  "Well, it's not MY congresscritter who is screwing everything up, it's everybody else's!"  Or "It's better the devil that you know than the devil that you don't know!"

 

I have two senators who supported going into Syria and support the meddling in Ukraine and a representative who is essentially a bump on a log in DC, but will go to bat for people here at home if somebody is getting screwed.  One of the senators will outright blow off an appointment if there is fund raising to be had or wealth to be wooed.  But people here will still vote for him.  Why?  Because they're exceedingly ignorant about what's really going on, and they still have food in their bellies and a roof over their heads.

Sun, 05/24/2015 - 23:05 | 6128414 TheReplacement
TheReplacement's picture

Ask them, do you really support evil?  No.

Inform them that when they vote for the lesser of two evils that they are still supporting evil.  Then ask why they vote for evil if they do not support evil because only someone who is evil would knowingly vote for and support evil.

Do not substitute "it" or any other pronoun.  Repeatedly use the word evil.  Repetition is a crucial marketing ploy.  Use it.

Sun, 05/24/2015 - 14:55 | 6127288 umdesch4
umdesch4's picture

One of the problems is that 99% of people have some level of conscience, morals, and human decency. That immediately makes it an asymetrical fight against those in the <1% who lie, cheat, steal, and kill without a second thought are not impeded by such things. I don't think I'm dumb, uninformed, or lazy. Scared and disorganized, yes, because the clear solutions are not something that you can even begin to articulate without getting taken out, should you realize what needs to be done. A tipping point will probably come, as Gerald Celente says "When people have nothing left to lose, they lose it", but I'm not thrilled at the idea.

Sun, 05/24/2015 - 15:10 | 6127330 El Vaquero
El Vaquero's picture

You shouldn't be thrilled over the idea.  If what we think is coming towards us comes to pass, we're going to have a very new understanding of hardship.  It needs to happen, and it is terrible.  Some of the issues that we're facing don't have solutions, so we will be relegated to letting or helping the current system burn down and simply living with them.  That's not a plesant prospect.  Just as bad in my mind, though your opinion may differ as this boils down to personal preference, is that we have to wait for a tipping point in order to get this over with, and I would rather get this over with and either die in the process, or have some years where I get to put it all behind me.

 

Sun, 05/24/2015 - 13:55 | 6127132 buzzsaw99
buzzsaw99's picture

it's not gambling the way they do it and the fed isn't terrified they are in fact co-conspirators in serial pump and dump ponzi schemes.

Sun, 05/24/2015 - 13:57 | 6127137 Professorlocknload
Professorlocknload's picture

No, David, Central Banks won't really be out of control (lose control) until their backup militaries dissolve. OK, semantics.

Sun, 05/24/2015 - 13:59 | 6127146 ebworthen
ebworthen's picture

End the FED!  Death to the Central Banks and Bankers!

Stop the profligate insanity!  Quit debasing our lives!

Sun, 05/24/2015 - 14:08 | 6127170 Meremortal
Meremortal's picture

If you are interested in wealth, go build some. It's there for the taking and all this whining is just making excuses.

Bill Gates, Warren Buffet, Carlos Slim and Central Banks haven't stopped me from doing just fine.

Sun, 05/24/2015 - 20:14 | 6128027 AUD
AUD's picture

Maybe so, but you're still no competition for those with their fingers on the levers of credit.

Mon, 05/25/2015 - 01:10 | 6128623 mortem-tyrannus
mortem-tyrannus's picture

I guess that depends on your definition of just fine. Most of us don't include living in mom's basements and trying to hump our sister in that particular category.

Still, to each his own I guess.

I really hope you don't have a dog...

Sun, 05/24/2015 - 14:00 | 6127148 Infinite QE
Infinite QE's picture

You can widen the argument and simply state that the zios are out of control and need to be culled.

Sun, 05/24/2015 - 14:00 | 6127149 CarpetShag
CarpetShag's picture

In other news, Irish rump rangers can now enter into holy wedlock
http://www.nbcnews.com/news/world/ireland-gay-marriage-referendum-count-...

Sun, 05/24/2015 - 17:41 | 6127671 Treason Season
Treason Season's picture

Make them vote again.

Sun, 05/24/2015 - 23:08 | 6128423 TheReplacement
TheReplacement's picture

Vote as many times as you want.  The machines will count, electronic or political it matters not, the results will be the same.

Sun, 05/24/2015 - 14:01 | 6127154 gswifty
gswifty's picture

The Emperor's of Finance have trumped the Captain's of Industry and the Land Barron's by their fabricated valuations of paper wealth. Bring back mark to market valuations and watch the emperor's die.

Sun, 05/24/2015 - 14:04 | 6127158 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture

Stockman concludes, rather ominously, "it's a coup d'etat, the central banks have taken over - unconstitutional domination of the entire economy."

 

Aided and abetted by Congresses that gutted financial regulations and financial regulators that went AWOL on what was left.  

 

We keep spending most our lives living in the banksta's paradise.

Sun, 05/24/2015 - 23:09 | 6128426 TheReplacement
TheReplacement's picture

That would all be fine and well except we are forced to use their printed fiat monetary system.  Take that away and the rest would crumble quickly.

Sun, 05/24/2015 - 14:05 | 6127160 Fun Facts
Fun Facts's picture

Control the money and the media and you control everything.

The ZWO Protocols:

0 Place our agents and helpers everywhere
1 Take control of the media and use it in propaganda for our plans
2 Start fights between different races, classes and religions
3 Use bribery, threats, blackmail, lies and deception to get our way
4 Use Freemasonic Lodges to attract potential public officials
5 Appeal to successful people’s egos
6 Appoint puppet leaders who can be controlled by blackmail
7 Replace royal rule with socialist rule, then communism, then despotism
8 Abolish all rights and freedoms, except the right of force by us
9 Sacrifice people (including Jews sometimes) when necessary
10 Eliminate religion; replace it with science and materialism
11 Control the education system to spread deception and destroy intellect
12 Rewrite history to our benefit
13 Use our media to create entertaining distractions
14 Corrupt minds with filth and perversion
15 Encourage people to spy on one another
16 Keep the masses in poverty and perpetual labor
17 Take possession of all wealth, property and [especially] gold
18 Use gold to manipulate the markets
19 Introduce a progressive tax on wealth
20 Replace sound investment with speculation
21 Make long-term interest-bearing loans to governments [FED, IMF, BIS, ECB]
22 Give bad advice to governments and everyone else
23 Blame the victim

Sun, 05/24/2015 - 17:51 | 6127693 Treason Season
Treason Season's picture

24  Assasination i.e, Pres. Taylor, Lincoln. Garfield, Kennedy, and Forrestal. McFadden, Wellstone etc.

http://thetruthnews.info/bankers_and_presidents.html

Mon, 05/25/2015 - 01:05 | 6128616 mortem-tyrannus
mortem-tyrannus's picture

Great list Fun Facts!

The only fly in the ointment from the point of view of anyone really trying to control America to any great extent is that this country is awash in guns and low dog white people who know how to use them and who just refuse to give up their religion no matter how much the fawning ass kissing toadies in the intelligentsia mock them.

Do you really want to be on the receiving end of the rage that is building among whites who are just about sick of multiculturalism and all the assholes who spout that bullshit nonstop?

It is not just America either. The same wave is rolling over Europe although only time will tell if those fucking fairies still have a pair of nuts or if their pathetic desire to appear cultured and enlightened has completely neutered them.

Good times ahead!

Mon, 05/25/2015 - 08:50 | 6128957 NoPension
NoPension's picture

M-T, seems you have plucked some nerves. I love the downvotes!
Lord help the creators of this backwards assed shitshow, once the fuse gets lit for good.
The pent up desire of the silent, but very intelligent aware, to cull the herd will be one for the ages.

Sun, 05/24/2015 - 14:06 | 6127164 Squid Viscous
Squid Viscous's picture

it's been a coup d'etat since 1913

Sun, 05/24/2015 - 14:32 | 6127229 Hope Copy
Hope Copy's picture

To be safe, 1907-08..  when buying US gold coin.

Sun, 05/24/2015 - 14:51 | 6127283 both jack bauers
both jack bauers's picture

We've moved on to cunt d'état since 2014

Sun, 05/24/2015 - 16:54 | 6127574 Radical Marijuana
Radical Marijuana's picture

While Stockman is superficially correct, I have yet to read anything stated by him that faces the fundamental fact that money is measurement backed by murder.

In general, we are watching the runaway triumphs of the methods of organized crime dominating the political processes, to result in the Central Banks being the Kings of Fraud. Which could be metaphorically described as the top predators degenerating into parasites, as their coup d'etat degenerates into a cunt d'etat ...

However, I have never seen any publicly significant analysis of those problems present "solutions" which are consistent with that analysis, namely that the ONLY genuine solutions would have to be based on better organized crime.

Mon, 05/25/2015 - 02:14 | 6128666 Law97
Law97's picture

The origns and foundation of the coup go back to 1913, yes.  But the real coup happened in 2008.  That's when they came out in the open and went totally in your face and and effectively dared ayone to stop them. Of course no one did. 

Sun, 05/24/2015 - 14:08 | 6127172 asfffasfff
asfffasfff's picture

they are not out of control

the chosen people controling them with great success and near and far future goals

 

 

Sun, 05/24/2015 - 17:01 | 6127590 Kaervek
Kaervek's picture

So are those truly gods amongst men, or do they bleed?

Mon, 05/25/2015 - 06:25 | 6128831 August
August's picture

Only if you prick them.

Sun, 05/24/2015 - 14:18 | 6127195 eatthebanksters
eatthebanksters's picture

Politicians of both parties love the Fed...it allows them to give away free shit to get elected and it allows them to kick the can down the road with respect to the debt they create.

Sun, 05/24/2015 - 16:57 | 6127584 Radical Marijuana
Radical Marijuana's picture

If politicians did not play ball with the banksters, then they faced the methods of bribery and intimidation, or assassination of those who could not be bribed or intimidated. Almost all of the existing, successful and surviving, politicians in both big American political parties are those selected through more than a Century of the methods of organized crime being persistently applied in the political processes.

Mon, 05/25/2015 - 06:26 | 6128832 A82EBA
A82EBA's picture

Why doesn't Ron Paul bring up those points?

Mon, 05/25/2015 - 09:54 | 6129072 OC Sure
OC Sure's picture

 

RM, this is the identification of the corruption. How then is the corruption corrected?

Since the source of the corruption is the initiation of compulsion against an individual's right of way, then the source of the correction is the removal of the compulsion, thereby defending and protecting the right of way of the individual. 

Therefore, the only justified appeal to a third party to settle disputes is for governing of the removal of the initiatory compulsion. Were the governing body to initiate the compulsion itself would impede the individual's right of way and thus be wrong. Any constitution built upon this moral premise then would disallow the initiation of compulsion and only permit it as the means of removing an existing compulsion. 

The corruption is to be barbaric, the correction is to be civilized. 

Sun, 05/24/2015 - 14:29 | 6127222 Hope Copy
Hope Copy's picture

Who said these investments (bonds) are insured?  They are not.  HAIRCUT TIME.

Sun, 05/24/2015 - 14:41 | 6127256 g3h
g3h's picture

Market tops when Stockman stops talking.

Sun, 05/24/2015 - 14:49 | 6127265 q99x2
q99x2's picture

Screwing guys in the bottom. Hissy fits when they tighten. Oh Boy sounds like Yellen's going to go up my FAFSA

Sun, 05/24/2015 - 14:50 | 6127281 roadhazard
roadhazard's picture

Repubicans are in charge now, they will do something about the FED.

Mon, 05/25/2015 - 04:14 | 6128752 dreadnaught
dreadnaught's picture

Ha! dont bet on it!   They WILL NOT bite the hand of thier masters

Sun, 05/24/2015 - 14:53 | 6127282 gwar5
gwar5's picture

Catherine Austin Fitts already called it a coup d' etat years ago when the bankers declared themselves 'too big to fail' and bailed themselves out with Trillions of the people's money.

 

 

Sun, 05/24/2015 - 18:29 | 6127329 Oscar Mayer
Oscar Mayer's picture

Technically, that's not true.  They bailed themselves out with Bankster credit, not the people's money, which stands at $1.36-Trillion.  I think we aught to start pricing their credit at a Legal Tender market value.  Their 'Credit Dollar', if properly valued in Legal Tender would be at about 4.3 cents (that's excluding the Wall Street and Shadow Banking system generated credit).

Sun, 05/24/2015 - 14:57 | 6127292 Salzburg1756
Salzburg1756's picture

Yidocracy: love it or leave it.

Sun, 05/24/2015 - 15:01 | 6127301 Dazman
Dazman's picture

You think Cavuto could fucking let the guy answer the questions he's asking the guy. Jesus fucking Christ... How can anybody expect to learn anything with the attention span of a goldfish. It's like all Cavuto wants is "yes" or "no" answers. Maybe the show should just be a monologue instead. #WhyIDontWatchTV

Sun, 05/24/2015 - 23:51 | 6128495 Bay of Pigs
Bay of Pigs's picture

Thats Cavuto's way of trying to control the interview and attempt to sound intelligent.

He's a fuckan douchebag.

Sun, 05/24/2015 - 15:07 | 6127318 follicle
follicle's picture

you think the rush toward wealth disparity was EVER democratic, when it happened in many other ways throughout capitalism's history? what's so different if it's done by central banks as opposed to the usual oligopoly? don't fantasize about some long lost innocent days of early capitalism -- it was always done by and for the few.

Sun, 05/24/2015 - 15:28 | 6127374 Arthur Schopenhauer
Arthur Schopenhauer's picture

Nothing to worry about.

Wall Street's criminals in league with our traitorous senators, our house members, our courts, and our president are on the verge of getting the TPP passed, which will enable these criminals to extract enormous profits by suing thousands upon thousands of individual American citizens, our local communities, and all of our state governments for recapture of their "future lost profits" in perpetuity. 

These profits; extracted from our citizens, our communities, and our state governments, handed down through the judgements by the magistrates in their tribunal courts will pump up corporate bottom lines through the roof!!!

SPOILER ALERT! WALL STREET ALWAYS WINS! BWAHAHAHAHAHAHAHA!

Sun, 05/24/2015 - 15:41 | 6127404 SMC
SMC's picture

WALL STREET ALWAYS WINS!

Not this time.

Mon, 05/25/2015 - 00:51 | 6128601 mortem-tyrannus
mortem-tyrannus's picture

The French nobility had a similar misconception they were sorely disabused of around 1789.

The difference between then and now is that those motherfuckers got off easy.

Sun, 05/24/2015 - 15:36 | 6127393 SMC
SMC's picture

the people that own the stocks and bonds get the huge financial windfall.

Right up until they can not buy a dozen fresh natural eggs with $10,000+ of their digital or paper fiat trash!

Reality is already starting to crush their "everything is ok", double plus good because we double the seasonal adjustments fantasies.

Our hens and livestock could care less.

Sun, 05/24/2015 - 15:37 | 6127397 Anglo Hondo
Anglo Hondo's picture

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild.

Or was it Ben Bernanke?    or Janet Yellen?

Let's face it,  the bankers sure ain't subject to any 'normal' laws like the rest of us.

Sun, 05/24/2015 - 15:45 | 6127411 SMC
SMC's picture

I’ve heard that when “Just Us” jump out of their offices, their terminal velocity is the same as ours.

Also their bodies allegedly have the same resistance to nail guns as ours...

ROFL! ;-)

Sun, 05/24/2015 - 15:37 | 6127399 Wahooo
Wahooo's picture

That guy's popped a cork. Who owns the Fed?

Sun, 05/24/2015 - 15:41 | 6127403 Arthur Schopenhauer
Arthur Schopenhauer's picture

Neil Cavuto says "Well maybe raising taxes isn't the answer, but what is?"

He is one funny mutherfucker, isn't he?

Mon, 05/25/2015 - 03:36 | 6128726 bunnyswanson
bunnyswanson's picture

Seize the ill-gotten wealth.

Sun, 05/24/2015 - 15:48 | 6127418 Yperkeimenos
Yperkeimenos's picture

I could agree with Mr Stockman if it wasn't for the fact that Central Banks are mostly private Institutions, owned by the same people who run wall street,the forex market,the bond market,numerous private banks, the derivatives markets and control the political system via huge contributions. So in our world of interconnected finances if one is guilty then, most probably, they all are.It's the only place,to my knowledge,where collective responsibility actually has merit.

Sun, 05/24/2015 - 15:54 | 6127426 Pumpkin
Pumpkin's picture

Central Banks have always been out of control.  That was the whole idea of their creators.

Sun, 05/24/2015 - 18:39 | 6127832 Ckierst1
Ckierst1's picture

Actually, I think they were designed to be in control - of our wealth!

Sun, 05/24/2015 - 15:57 | 6127429 TeethVillage88s
TeethVillage88s's picture

I'm going to try to shorten this list by bullets.

-

- purge the Federal Government, and the influence of Networks thru corporations, Think Tanks & Foundations
- purge Public Executives with 30 Years Service
- Purge Corporate Private Executives since they represent a failed system, a failed network system, and systemic Racketeering, Target is TBTF Corporations & Domestic Oligopolies

- Get Money out of Politics
- Get Banking out of Government, No Revolving Door
- Mandatory Retirements for Bankers in Federal Service, those with prior management experience at Private Banks
- 6 Year Term Limits in Congress & US President (4 + 2)
- 6 Year Professional Limits on Lawyers
- 6 Year Professional Limits on Judges in any one Court
- No Foreign Lobbying or Campaign Contributions
- Terminate Lobby Industry
- Nationalize 30 Minutes on each Radio or TV Station per Election for each Candidate
- Get Rid of the FED
- Decentralize Power from DC & Wall Street
- Reduce all Federal Staffs by 50% in the Leadership Positions with emphasis on reducing DC, Maryland, Virginia Commuting area (these will be the highest paid jobs)
- Enforce Anti-Trust Law Break up TBTJ & Mega Corporations with oligopolistic power, Dominant Market Share in any of 14 Marketing Regions, Breaks up Telecoms and Internet llcs
- Reestablish Glass-Steagal
- Cut number of Military Agencies in Half, Purge Leadership, Direct Simple Missions to include Transparency
- Turn NSA, CIA, DIA, Military Spying on Bankers with the Lead being Military services for 10 years, GAO, CBO, FBI are Inspectors
- Terminate DHS, assets & staff to transfer to other agencies except limit of 30 years of service would retire them
- Mandatory Early Retirement 40 years max for Military Retirees in Federal Service, 30 years max for Civilian Service with no Military Retirement (to break up the Networking)

- New Generation of Govt workers would Overhaul Foreign Policy completely
- New Generation of Govt workers would Overhaul Domestic Policy completely, Banking, Investment, Standardize Accounting and Financial Instruments, and Investment in US Infrastructure

Yes, term limits, but also Early Retirement across federal government, and forced (Mandatory) Retirements. Those that use the revolving door between industry and the federal government or banking and government also need to be pushed aside for a new generation of leadership that cares for principals and is willing to follow simple leadership guidance and ethos toward an American Style Liberty.

-----------------------------------------------------------------------
- Reduction of Legal Refuse Law, To Institute Mandatory Guidelines & Benchmarks, Simplify, Streamline, Standardize
-----------------------------------------------------------------------
In order to reduce Law work, the proliferation of laws, and to simplify, streamline, standardize, create guidelines, and create benchmarks for use in civil, criminal, and other law... Lawyers would be forced to move into a new Industry after 6 years. This should make laws become clear for people with 6th grade education levels and give them fair chance to stand up to wealthy corporations or entities.
------------------------------------------------------------------
You can't turn off Domestic Spying or a Federal Agency (like NSA) without cutting senior staff and cutting budgets.

Shrinking the Federal Govt is complex as it uses bankers, FED, contractors & Foundations & Think Tanks & Lobbyist, somehow we have to reduce these contracts (shrink Federal Government) and advice taking from Foundations like these. Otherwise not only do Banks, Foundations & Contractors keep govt secrets but they become a shadow government.
------------------------------------------------------------------

Sun, 05/24/2015 - 17:18 | 6127620 PoasterToaster
PoasterToaster's picture

You could shorten the list to one bullet point by reflecting on reality.  All that will only occur when there is no State at all, and no "government" to enforce its will. 

This centrally controlled communist/fascist corporatism is and always will be normal for goverment.  There is no such thing as corruption; that word is a fairy tale designed to get people to ignore reality. 

Corruption is the State.

Sun, 05/24/2015 - 18:35 | 6127820 Ckierst1
Ckierst1's picture

Dump corporations.  Why do we need to have commerce sanctioned by the state?  Taxation is not an excuse to facilitate tyranny!

Mon, 05/25/2015 - 07:25 | 6128872 gswifty
gswifty's picture

First on the list should be to rescind corporate personhood. Corporations Are Not People!!!

 

https://m.youtube.com/watch?v=E2h8ujX6T0A

Mon, 05/25/2015 - 16:23 | 6130368 Raging Debate
Raging Debate's picture

Poaster Toaster - I define government as a protection racket. I voluntarily pay into it. However, when inevitably corruption reaches a scale where it only enables graft from the already super wealthy, protects them by vastly raising competitve barriers of entry, blatantly violate the rule of law while exempting themselves then it means my choices to pay less or nothing become the less risky course of action. None of the choices (moving, reducing production, welfare, tax evasion) are particulary appealing.

For now I have chosen legal tax loopholes, some physical hedging and to move to a remote location by 2017. By then I may change my mind and move out of country.

If there is going to be a global two tiered society (which appears likely for the next 20 years) it may be better for me to live somewhere cheaper where my income goes farther. Never mind the fact that similar cycles have produced world wars.

As for Radical Marijuanna's thoughts that boil down to do nothing because another gang will replace the old one, the idea of attempted reform is four fold:

1) It slows the decent into hell.
2) It provides intellectual and moral framework for better
brakes for a system (nothing is perfect)
3) demonstrates proper moral behavior to others
4) Gives a generation, perhaps two a break from tryanny.

There many ways to serve your countrymen and fellow man across the globe.

Even if David Stockman or people like him change there views and see the light so to speak, they should be encouraged, not condemned. What were we all doing in the 90's to stop this corruption we at least all felt was growing?

Look in the mirror first and clean up your act, then you have moral justification to return the rule of law and restore the Republic. Mass awareness is good so some people here should also take a bow. We're human, we do what we can and are a reactive species. For many, pain is the only thing that forces changing perspectives into a long view.

For the more pro-active attempting reform, educating best as can then getting out of the way of robbery or death becomes prudent. There is a time for everything, a time to fight and a time to hide. Many battles are fought and lost in a war for a more civilized and free world.

Mon, 05/25/2015 - 07:07 | 6128859 InsanityIsWinning
InsanityIsWinning's picture

We started out with a good system had all the checks and balances, that said, a system will only work if those governed respect the law. Politics is corrupted by money, take the money out of politics, nuke K street and we will attract a whole different crop of politician. One by the people for the people.

Sun, 05/24/2015 - 16:11 | 6127453 Lea
Lea's picture

"it's a coup d'etat, the central banks have taken over - unconstitutional domination of the entire economy."

It took time for him to wake up, did it?  The coup happened when the dollar was decoupled from gold, back in Nixon's time.

Sun, 05/24/2015 - 22:35 | 6128350 rejected
rejected's picture

The coup happened on Dec 23, 1913.

Mon, 05/25/2015 - 21:07 | 6131221 OC Sure
OC Sure's picture

Per the next couple posts below, Supreme Court called the tune when it deemed a national bank as Necessary and Proper.

Sun, 05/24/2015 - 16:17 | 6127470 kchrisc
kchrisc's picture

I'll pay anyone that can find the bit in the Constitution authorizing a central bank, much less a cabal of private grifters operating as a central bank, a ?100billion (? = fiats).

If I were operating a house of prostitution, the pols and crats, my customers, would shut me down. What of operating a house of ponzi and grift daily emanating counterfeit and theft?

Liberty is a demand. Tyranny is submission..

 

Guillotine the Fed. Audit the heads.

Mon, 05/25/2015 - 11:26 | 6129313 OC Sure
OC Sure's picture

 

 

The best argument you will ever find for it, and the argument is specious at best, is McCulloch vs Maryland. 

This 1819 Supreme Court opinion is one long smear of Thomas Jefferson's correct rebuttal of Alexander Hamilton's corrupt assertion.

If one were to desire to rid the nation of the monopoly on banking, then they would be intellectually well armed by understanding:

1. Hamilton's assertions in his proposal for a National Bank.

2. Jefferson's successful rebuttal of a monopoly on the banks. 

3. The federalists appeal to compulsion via the Supreme Court as the only means to usurp the banking system. 

Mon, 05/25/2015 - 15:24 | 6130182 kchrisc
kchrisc's picture

Great info and post.

I learned this case as a destroyer of state sovereignty, but you have a great point about Jefferson's comments in it about a national bank.

My favorite quote from it is by the crypto Hamilton:

"It is not denied that there are implied well as express powers, and that the former  are as effectually delegated as the latter....
Then it follows, that as a power of erecting a corporation may as well be implied
as any other thing, it may as well be employed as an instrument or mean of
carrying into execution any of the specified powers, as any other instrument
or mean whatever. The only question must be in this, as in every other case,
whether the mean to be employed or in this instance, the corporation to be
erected, has a natural relation to any of the acknowledged objects or lawful
ends of the government."

Basically, "we can do it so long as we justify it." Which is the essence of tyranny. And for those that say, "Who cares," in 2010 the DC US used the same spurious arguments to keep a man locked up indefinitely. Their excuse was that doing so is "implied" under the "proper and necessary" clause of the Constitution; The Constitution that they don't adhere to anyways.

"Six days before Graydon Earl Comstock was to have completed a 37-month sentence for receiving child pornography, Attorney General Alberto R. Gonzales certified that Comstock was a sexually dangerous person." "Certified" means that he issued a dictate that Mr. Comstock be held indefinitely, like Stalin or Hitler, or ...

Now under NDAA 2012, all they have to do is accuse one of being a "terrorist" and they reserve the ability to indefinitely detain you. Is that "necessary and proper?!"

For those that do care about their personal Liberty, the 9th. and 10th. amendments are THE most important. Know them. Live them.

Liberty is a demand. Tyranny is submission..

https://en.wikipedia.org/wiki/McCulloch_v._Maryland
http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=17&invol=316
https://www.loa.org/images/pdf/Marshall_McCulloch.pdf
http://billofrightsinstitute.org/wp-content/uploads/2014/11/1.2-DBQ2-McC...

Mon, 05/25/2015 - 15:49 | 6130229 OC Sure
OC Sure's picture

You're right. The case addresses two subordinate issues. The most famous is "the power to tax implies the power to destroy."

But take a look at Marshall's absurd rationalizations for the counterfeiters...A national bank is needed because the government does business from coast to coast. Really? Starbucks does business from coast to coast. Why doesnt Starbucks control its own bank. Or, the governent needs a bank of its own because it collects taxes in all states. Really? Allstate Insurance collects fees in all states. Why doesn't Allstate have its own bank?

The power to counterfeit implies the power to steal, and so they do...

 

As for the ten amendments, the bill of rights, they are a unified whole and really meant to be thought of as inseparable from one another.

But if you put a gun to my head, I'd have to say the second is the most important. It is essential to secure the other 9. 

 

 

 

Sun, 05/24/2015 - 16:32 | 6127506 bankonzhongguo
bankonzhongguo's picture

Between the Central Banks and the TPP/TTIP it is a coup d'etat.

With prospect passage of the TPP (secret "laws") in the House the Republic will be dead.

I said it a few years ago and I thought I was missing something, but now please consider your friends, family and your future prospects no different or better than rag-headed Taliban squatting in a cave

The scary thing is the Democratic Party is morphing into the National Socialists of Hitler's Germany.

There is nothing scarier than some Googleplex wonk with their 2 year contract goose-stepping around the free salad bar preaching the Singularity and justifying world de-population.

The only choice is to go to ground and shore-up your trusted allies in your local county and rebuild the country and its Spirit from there.

Your best friends will be eating the government cheese within a year.

... whites of their eyes.

Good luck to everybody and never forget.

 

 

 

 

 

 

Sun, 05/24/2015 - 23:01 | 6128405 I Write Code
I Write Code's picture

The democrats are scum, but it's also the republicans who are backing tpp.  We're screwed from both sides.

Mon, 05/25/2015 - 04:11 | 6128748 dreadnaught
dreadnaught's picture

you dope. The Republican party has also morphed into National Socailism;

The Banks throw their support behind the GOP;

And the GOP proudly backed and passed Barrack Obamma and his TPP death pact

Mon, 05/25/2015 - 09:37 | 6129035 Teknopagan
Teknopagan's picture

not National socialism but judeo-bolshevism....do not confuse

Sun, 05/24/2015 - 17:13 | 6127617 PoasterToaster
PoasterToaster's picture

The Free Market is the answer to all ills.  But then, the Free Market is nothing more than leaving people alone to live their lives; it requires no centrally planned free marketism.  Statist dipshits will fall into line when there is no Big Brother to back their greedy plays. 

Even the local assholes  who like to bully by making tons of municipal laws and using city cops against the people they find undesirable are getting out of control.  Rage is going to boil up there first.

Sun, 05/24/2015 - 17:29 | 6127648 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Stockman does not get that the Central Banks lost complete control on March 10th 2008, and cannot possibly regain it as they have been saying they would over the last seven years of collective denial. Moreover, the Coup D'Etat on the Central Banksters happened March 10th 2008, but Stockman 'the establishment flunky' does not get that either. The Central Banksters lost control because they don't know how to control their dark pool derivatives universe that tops out at $1.4 Quadrillion Petrodollars USD. Deflate that motherfucker and there ain't no fucking money pump in the whole fucking World that could possible inflate that motherfucker back up again.

TILT

GAME OVER

PLAY again, SUCKERS?

 

INSERT $18 Trillion COIN HERE [===============]

[PRESS GAME START]

Sun, 05/24/2015 - 18:27 | 6127801 Ckierst1
Ckierst1's picture

So how many dollars per ounce does that equate to?

Sun, 05/24/2015 - 21:41 | 6128244 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

We're not sure, but it could only be about the size of most coins presently in currency, or it would get stuck in the Casino Capitalism Machine, and Christine Legarde would have to pull it out with her pliers when she gets the service call.

Sun, 05/24/2015 - 21:07 | 6128032 honestann
honestann's picture

Deflate that motherfucker and there ain't no fucking money pump in the whole fucking World that could possible inflate that motherfucker back up again.

GOOD.  That is precisely what is needed.

Today, the world is utterly dominated by those who create, control and manipulate FIAT PAPER of endless types.  That paper has ZERO VALUE.

What needs to happen is... all those people GO TOTALLY BROKE, lose everything, go bankrupt, and become destitute.

AT THAT POINT only people who have real, physical goods and goodies, and those who produce real, physical goods and goodies, would have purchasing power.  Which is to say, each of them would then decide how to invest the real, physical goods and goodies they exchange for goods and goodies produced by others.

Which is to say, only those who deal in REALITY would be able to move forward, and those who deal in FIAT, FAKE, FRAUD, FICTION, FANTASY would have no power to manipulate everyone else for their benefit.

This is what NEEDS to happen.

OTHERWISE, MANKIND WILL FOREVER REMAIN SLAVES TO THE FIAT OLIGARCHS.

 

Sun, 05/24/2015 - 21:22 | 6128204 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

That's real easy for you to say a complete shutdown would do us all good, but you have already foreseen a complete crash and most people in the World still can't imagine it yet. Frankly, I have known a complete crash was in order since March 10th 2008, and the prospects of survival are slim for most. Even you will find life difficult if you can't get supplies, or fuel. I agree that the REVOLUTION must exist in order to reset civilization back to fair and equitable trading.

Plato stated that no man was worth more than three times another man. Perhaps the de Rothschild Bank will discover that in the history books and decide to do helicopter drops of cash in my yard? I can only hope, but when the crash hits this is going to get overtly messy and ugly for humanity. I cringe at the prospects people will be faced with, frankly.

Mon, 05/25/2015 - 21:50 | 6131237 honestann
honestann's picture

It is not a matter of whether "something will do us good or not".  Humans have allowed the fiat paper-pushing, authority-declaring human predators to get SO out of hand, and become SO dominant, that they've given those same human predators time to construct a reality that CANNOT BE overthrown without pain and dislocations.

Personally, I like to keep the blame pointed at the human predators who designed and implemented the current disaster, because they are the ones who must be destroyed if humans are to survive at all.

However, it is true in a sense that the ostrich sheeple of earth have asked, even begged in many cases, for the current system.  In soooooo many cases they were corrupted by promises they would receive unearned goods and goodies from the predators-that-be... and they accepted the offer.  That made them... the vast majority of human beings on planet earth... guilty of aiding and abetting the current disaster, and worthy of suffering the consequences.  It is only right and fair they suffer the consequences, even if the primary targets must remain on the predators-that-be and predator-class.

Furthermore, there is no longer any choice.  The predators-that-be have already planned the mass extermination of most humans on planet earth.  So the only practical question remains at this point is... do the predators go down with the ship, or do the predators end up sole owners and masters of planet earth?

Those are the only two possible outcomes now.  The mass of humanity have PROVEN, beyond any doubt whatsoever, that they too are corrupt, and at very least, unwilling to take actions that must be taken to avoid the total enslavement and eventual destruction of mankind altogether.

I know it isn't your intent, but what you ask for is equivalent to asking for a war without any casualties on your side.  Well, keep on dreaming!  THAT WILL NOT HAPPEN.

I say this even though I am the first to agree that even 1% of the human population could easily defeat the predators-that-be and the predator-class.  Wipe it out.  But there isn't even 0.0001% of the human population who is willing to take the kind of actions required to make this happen.

And the consequence of that is... a significant portion of mankind will suffer and die.  Most likely the masses will be exterminated by the predators-that-be when the predators-that-be are ready to do so (however the predators make that calculation).

The BEST that can happen is for events that cause the predators-that-be to perish along with whatever percentage of the masses of humanity must perish along with them.  Understanding that the vast majority of the masses of humanity proved themselves utterly and completely unworthy of survival.

What Plato said is pure nonsense (as usual)!  Some humans have staged false flag events that started wars that killed millions.  To claim that human is 1/3 as valuable as the most creative, productive, benevolent human being to have ever lived is preposterous in the extreme!  And disgusting too!  You cannot give a simple factor of value when you compare someone who creates mass destruction and misery to someone who creates beneficial new technologies and/or products and/or goods.  The difference is more than infinity.  Destruction is not a different type of production, and malevolence is not a type of benevolence.  They are antitheses.

-----

Mankind can no longer be saved.  They made their choices, and invariably they must suffer the consequences of their choices and actions.  And that means they must suffer some inconvenience, and some of them will perish.  They would have anyway, only in more random and unjust fashion if they wait for the predators-that-be to begin their planned mass exterminations.

On the positive side, I don't think "doomers" have any idea how well mankind can do once the predators-that-be and predator-class are EXTERMINATED.  I don't think you realize how quickly life would return to better than it has ever been... once the shackles are removed, and once the lazy realize they must work to survive and prosper.  Because they'll soon see that they too can prosper once human predators are exterminated, and any remaining are immediately and aggressively hunted down and exterminated.

To be sure, there will be some dislocation and suffering and death when the corrupt system is brought down.  But the only alternative is the total extermination of the human race by the predators-that-be and their machine slaves.

Those are your only two non-fantasy choices.

Pick one.

-----

PS:  The predators-that-be and predator-class are DESTRUCTIVE, NOT PRODUCTIVE.  Their absence will not cause big problems... just the opposite.  The "little people" pull the levers and milk the cows that produce the goods and goodies that make modern life possible.  So as long as the predators-that-be and predator-class are exterminated in whatever event you worry about, I think you have a too negative view of how bad the disaster will be.  Sure, it won't be a picnic either, but the recovery will be much quicker than you imagine, and life afterwards will be so much better that everyone will eventually agree "this gain was more than worth the pain and loss".

-----

BTW, I must add this.  I like you and your posts.  But if you knew this since 2008, I must ask, have you taken the necessary steps to be in a position to [almost certainly] survive and prosper in both (or all) scenarios?  If not, why not?

Mon, 05/25/2015 - 11:09 | 6129253 HYMN
HYMN's picture

Honest and correct as always. Enjoy the holiday.

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