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Five Reasons Why America Is Done

Tyler Durden's picture




 

Submitted by Karl Denninger via Market-Ticker.org,

That's done.  As in baked, cooked, finis.

Let's just look at the charges and specifications of late, shall we?

  • Big US and Global Banks have admitted (that is, have been convicted) of multiple criminal offenses over the last several years.  partial list can be found here; let me remind everyone that an ordinary person who commits three felonies, even if some of them are very minor in comparison to any of the listed ones here in impact and they take place over a period of decades, goes away for life under long-existing three strikes laws.  All four of the banks listed in that dissent have three or more "convictions" and thus all of them should be dissolved as they are obviously incapable of modifying their behavior.  Nonetheless literally tens of millions of Americans and American corporations not only refuse to stand and demand that these charters be revoked they voluntarily do business with one or more of these firms!
     
  • We have a medical and insurance industry in this country that routinely, on a daily basis, engages in behavior that can easily be described as meeting the criteria for fraud, bid-rigging, racketeering and routinely uses the threat of both bankruptcy and violence by government goons to get what it wants.  This "industry" routinely, for example, bills for things they didn't actually do, sends people bills for hundreds or thousands of dollars for someone sticking their head in a door and saying "Hello", allows "off-plan" doctors to treat people without their consent exposing them to thousands (or tens of thousands!) in unauthorized charges and then enforces those "charges", takes drugs off the market that they produce so that the only remaining options are those made by the same company but are under patent and more.  The single most-common cause of bankruptcy in this country is medical debt incurred as a direct result of these practices and these practices are where the so-called "need" for Obamacare, that is now resulting in demands for 50% premium hikes in some markets for the next year, came from.  Yet we, as a nation and as a people, routinely consent to this crap and allow these corporations, institutions and individuals to continue their outrageous acts of pillage daily.
     
  • We have a former Secretary of State who now wants to be President but while Secretary of State her private family foundation took tens of millions of dollars in donations from foreign governments that were, at the same time, lobbying the very State Department she was in charge of for permission to buy over a hundred billion dollars worth of weapons.  How this fails to qualify as a federal crime is beyond me given that a foreign agent is unable to buy a Senator lunch.  Irrespective of whether this leads to indictments it is outrageous that such a person can be considered as fit to be President by anyone irrespective of party or other affiliation; that any material percentage of our voting population would cast a vote for such a person proves beyond any doubt that the majority of voters in this country are literally suicidal.
     
  • We have law enforcement agencies that actually claim in court through filed, sworn documents that when they throw a bomb into a baby's crib as they attempt to raid a house and the person they are seeking isn't there (because they didn't bother to confirm he was there), leading to the infant being critically injured, that it is the infant's fault that its face was blown off because it failed to move out of the way of said thrown bomb while it was sleeping in its crib.  In other words we, as a nation, sit silently while government agencies claim the right to blow the face off innocent infants because they are too lazy to bother with ordinary police work.  We could indict the government goons who refuse to wait for the person they want to arrest to depart wherever they are and thus make it possible for the police to arrest them without grievously injuring innocent children who had exactly nothing to do with the acts the accused is alleged of committing, but instead we allow innocent children to be grievously injured or killed due to the laziness and malfeasance of these so-called "boys in blue" and even allow to go unchallenged claims that said goons are there to "protect and serve" the public!
     
  • We have entire legislatures that engage with lobbyists to let them write and vote on laws they then rubber stampWhen caught by the press (good work, by the way) the members of the press who catch them are literally thrown out of a hotel they paid to stay at by men with firearms who are in fact off-duty cops -- cops that, I remind you, draw their salaries directly and indirectly from that same legislature!

I could go on, but why?

Until and unless we at least resolve all five of the above, and everyone involved wears an orange jumpsuit and has their corporate and institutional edifices closed down with the ill-gotten gains disbursed back to their victims we are, as a nation, DONE.

And more to the point we have all collectively consented as well.

 

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Sun, 05/31/2015 - 19:47 | 6150378 Statetheist
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I thought Denninger rage quit months ago? I guess we couldn't be that lucky.

Sun, 05/31/2015 - 20:11 | 6150412 Richard Chesler
Richard Chesler's picture

Attacking the man and not the argument.

Have you considered applying for a job in the Hillary cunt campaign yet?

 

Sun, 05/31/2015 - 20:23 | 6150460 Statetheist
Statetheist's picture

What are you talking about? Are you ok?

Sun, 05/31/2015 - 20:30 | 6150473 Future Jim
Future Jim's picture

"we have all collectively consented "

Bullshit!

Sun, 05/31/2015 - 23:38 | 6150846 BuddyEffed
BuddyEffed's picture

First sardine leaving the bait ball gets it.   That's how this illicit consent works in a way.

Mon, 06/01/2015 - 02:38 | 6151082 Gobbler
Gobbler's picture

I don't believe in all this "America is done" crapolla.  We're a bit down.  But we're far from out.  These problems can be fixed. 

Mon, 06/01/2015 - 03:26 | 6151131 Nexus789
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How? I'm intrigued as to you intend to role back decades of decline and entrenched corruption.

Mon, 06/01/2015 - 06:41 | 6151244 Truthseeker2
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The USA: Military Arm Of The New World Order -->

that can no longer be sustained.

Mon, 06/01/2015 - 08:36 | 6151355 roddy6667
roddy6667's picture

Turd circling the bowl.
Who wants to be part of this? It doesn't end well.

Mon, 06/01/2015 - 10:55 | 6151722 DuneCreature
DuneCreature's picture

I’ll second the question.

How?

All avenues of correction are thoroughly compromised.

You name the method and I’ll explain to you why it WILL NOT WORK. All remedies have been tried short of chaotic civil insurrection and ugly levels of violence.

~ DC

P. S. - Shit. I just followed your link and realized I’m talking to a bot. … You got me.

Cancel the challenge, AngrySimBird.

Mon, 06/01/2015 - 13:44 | 6152266 SeanJKerrigan
SeanJKerrigan's picture

This is Denninger's primary oversight in pretty much every article he writes. I suspect he has a very structured mindset; that works well in quantitative analysis, but isn't so great at seeing nuance. In this case, the nuance is understanding how far the rot has gone, how our institutions have so thoroughly been degraded.

To quote Emmerson, "All our things are right and wrong together. The wave of evil washes all our institutions alike."

Understading, accepting and learning to live within this reality is an ongoing process, but one Denninger is old enough to have figured out by now.

Mon, 06/01/2015 - 16:17 | 6152939 DuneCreature
DuneCreature's picture

Ha ha ha! ..Is that Bennie with his hands raised in surrender there, Sean?

I like it, as unlikely as it is we’ll ever see that for real, one can always dream.

As for Karl, yeah, his insights on a lot of fronts are spot on but I’ll bet he’s never been inside the DC beltway. … I have spent way too much time there and assure you the whole place is so far into the dark side that it is now all beyond redemption.

Karl Denninger keeps telling us if we will do this or do that or vote another way we can clean up Dodge.

Nope. Not gonna happen. It is way past repairable and has been for a long, long time. It’s just that now none of the scumbaggery seems to even care if they are seen operating in plain sight, get caught in a pack of lies, nailed stealing billions or discovered diddling little….aaaaaaaah never mind.

Karl seems optimistic about this.

http://market-ticker.org/akcs-www?post=230191

I would be too if the court system wasn’t totally corrupted.

~ DC

Mon, 06/01/2015 - 00:17 | 6150897 August
August's picture

"we have all collectively consented "

Not exactly true, but close enough.  Unless you are doing something to actively resist, or at least maximally disassociate yourself from, the US state apparatus, you're passively consenting to its operations.

If your only resistance is on-line bitching, then you are part of the problem.

Mon, 06/01/2015 - 01:27 | 6150993 Counterpunch
Counterpunch's picture

 

 

1. The ZOG

2. The Banks/Wall Street

3. The MIC

4. 2 party system

5. counter-Constitutional pharisaical case law

Mon, 06/01/2015 - 02:56 | 6151110 Gobbler
Gobbler's picture

I have wonderful news.  There be a leprechaun up in the tree.  Peace.

Mon, 06/01/2015 - 03:32 | 6151137 Calmyourself
Calmyourself's picture

Oh shit, mamasan let him back on..  Kid failing math again..

Sun, 05/31/2015 - 22:15 | 6150696 Lets Buy The Dip
Lets Buy The Dip's picture

I can see you point. But think for a minute about the people in CHINA. 

Their economy is crap, but yet their stock market is up over 150%

Take a quick peek at the chart....WHOA!!! ==> HERE THE CHINA CHART

That could be a recipe for disaster. 

Mon, 06/01/2015 - 01:27 | 6150994 Max Steel
Max Steel's picture

wishful thinking . their economy is better than yours . nor done with rhe meme yet .

Mon, 06/01/2015 - 02:39 | 6151084 ThirteenthFloor
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Umm...China is getting 42 billion US trade income or so monthly, have no external debt, and is buying us real estate left and right using UST as collateral not touching there own bank accounts. They own 1 chase plaza, What you smoking LBTD ?

Mon, 06/01/2015 - 08:40 | 6151361 roddy6667
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I retired in China a couple of years ago. Recently, I spent almost a month back in the US. I can tell you where people are optimistically going about their lives without police interference and doing better every year. Three guesses.

Sun, 05/31/2015 - 20:41 | 6150499 rubiconsolutions
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"....we have all collectively consented as well"

 

Speak for yourself pal. I haven't voted since 1996 nor offered (without a gun to my head) any other form of consent.

Mon, 06/01/2015 - 00:30 | 6150929 Savyindallas
Savyindallas's picture

Denninger can't be treated seriously - has a visceral hatred of Ron Paul. He is a Neocon - and yes he banned all subscribers to his website who dared questionning his authority on any issue  - His website went to shit because he banned anyone who dared exerecise any independent thought. The mere mention of his name makes me laugh  -he's a joke. 

Mon, 06/01/2015 - 01:13 | 6150986 malek
malek's picture

Agreed.

He did write a lot of correct good stuff, but he can't take at all getting any part of his opinion questioned especially by using the same overbearing style that he himself uses...

Mon, 06/01/2015 - 01:38 | 6151008 Ellie K
Ellie K's picture

Denninger's bullet points one and three are difficult to argue with.  They are fact.  Banks, or rather, the people who really benefited from the bailout at banks, walked away unscathed. I'm still waiting for the criminal fallout from 2008... well, not really, as it is never going to happen.

Hildebeast is like Teflon to her admirers, and there are many, everywhere in the media. Time magazine, New York Times, Mother Jones think she walks on water.  The only one to report on Bernie Sanders has been WSJ.  Don't even get me started about the GOP candidates, who are sneeringly referred to as the clown car. HillBill should've been charged with, oh, all sorts of federal crimes, but instead she's "inevitable".

Sun, 05/31/2015 - 19:48 | 6150379 Seasmoke
Seasmoke's picture

Finished.

Sun, 05/31/2015 - 20:41 | 6150488 Future Jim
Future Jim's picture

It is pretty obvious that TPTB see armed white Americans as the biggest threat to their NWO and are trying desperately to neutralize them. Pretty much everything that is wrong with America is the result of such efforts. People are supposed to hate on America too. That is part of the plan. Once they have disarmed the people, they can treat america like every European country, and Europeans will love America again while oblivious to the fact that they helped the whole world descend together into a permanent global police state.

Sun, 05/31/2015 - 22:34 | 6150733 Anusocracy
Anusocracy's picture

It's pretty obvious that the American government lover is the horse that TPTB plan on riding to victory in the NWO Derby.

Ninety percent of Americans would love to have the US running a World Government. It's silly to think otherwise.

Sun, 05/31/2015 - 20:36 | 6150491 freewolf7
freewolf7's picture

You try to tell people about the debt, our military intrusiveness in other countries, the nature of central banking, etc, and they look as though they forgot how to decipher English. I get that dog-tilting-its-head impression. Never mind. Think it's gonna rain later?

Sun, 05/31/2015 - 19:49 | 6150380 Jack of All Trades
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What you tolerate you encourage.

Sun, 05/31/2015 - 20:27 | 6150467 msmith9962
msmith9962's picture

That's good.  Thank you.

Sun, 05/31/2015 - 19:50 | 6150381 I Write Code
I Write Code's picture

1.  Democrats

2.  Republicans

3.  Obama

4.  Hillary

5.  The voters.

Sun, 05/31/2015 - 20:58 | 6150532 crisrose
crisrose's picture

Time for everyone who steps into a voting booth to start taking some responsibility for the mess they've had a hand in creating.

Sun, 05/31/2015 - 22:24 | 6150709 rejected
rejected's picture

Hillary Clinton

Jeb Bush

Responsibility? Great choices for the voter, eh?

They choose who you vote for.

Sun, 05/31/2015 - 22:34 | 6150736 crisrose
crisrose's picture

Don't participate.  The only reason they get away with it is because we keep pretending voting makes a difference.

Sun, 05/31/2015 - 22:54 | 6150779 conscious being
conscious being's picture

They will pretend you participated.

Mon, 06/01/2015 - 01:27 | 6150996 Axenolith
Axenolith's picture

That only works if you either divest yourself of your Voter registration and SSI participation, or at the least, operate under the minimum income required to file a tax return (and people can pretty readily do that, IF they have no debt)...

Mon, 06/01/2015 - 06:59 | 6151258 Help Is Not Coming
Help Is Not Coming's picture

"The only thing necessary for the triumph of evil is for good men to do nothing." -- Edmund Burke

Mon, 06/01/2015 - 06:57 | 6151256 Help Is Not Coming
Help Is Not Coming's picture

"I don't care who does the electing, so long as I get to do the nominating." - Boss Tweed

Sun, 05/31/2015 - 19:55 | 6150386 max2205
max2205's picture

This country is a Fucking cesspool 

Sun, 05/31/2015 - 20:04 | 6150395 gdiamond22
gdiamond22's picture

I've been researching for years on somewhere else to live as I just can't stand what this country has become; how corrupt and large the political class is; how connected the banks/corporations are to the government; how the media has become a pawn for propaganda to for government power; how dead our constitution and rule of law is and how our 'representitives' have folded. the sad part is that I haven't found anywhere else. For hundreds of years that place people sought to go was the USA, now it might be Mars.

Sun, 05/31/2015 - 20:06 | 6150406 New_Meat
New_Meat's picture

Someone said: "the world's last best hope"

If you truly feel the way that you express, there is only one option, but it might take a while for you to figure out what that might be.

- Ned

Sun, 05/31/2015 - 20:12 | 6150426 nmewn
nmewn's picture

Some of us have already figured it out.

And I ain't goin nowhere ;-)

Sun, 05/31/2015 - 20:26 | 6150465 Professorlocknload
Professorlocknload's picture

^^^ this

Sun, 05/31/2015 - 20:56 | 6150528 nmewn
nmewn's picture

My intention has always been to die here.

Peacefully...or otherwise ;-)

Sun, 05/31/2015 - 22:41 | 6150754 Calmyourself
Calmyourself's picture

+

Sun, 05/31/2015 - 20:34 | 6150484 tarabel
tarabel's picture

 

 

There are plenty of extremely nice and free places to live in the United States.

Until you get out of the city, any city, you aren't living in any of them.

Sun, 05/31/2015 - 22:09 | 6150681 BrotherRat
BrotherRat's picture

Id be interested in Canada or Sweden - what are your opinions there?

Sun, 05/31/2015 - 23:02 | 6150794 conscious being
conscious being's picture

Free places exist, but cannot be discussed or they will stop being free places.

DYODD. You can always reappear for the rising while enjoying life in the meantime.

Mon, 06/01/2015 - 00:43 | 6150952 TheMeatTrapper
TheMeatTrapper's picture

"Id be interested in Canada or Sweden - what are your opinions there?"

Can you walk down to the store and buy a .45 pistol, strap it on your belt and walk down the street? 

If not - keep looking. 

Mon, 06/01/2015 - 01:31 | 6150999 TheReplacement
TheReplacement's picture

You are looking for a prison where they let you feel free.  Sweden and Canada will be fine.

If you want freedom, you cannot find it anywhere.  You have to make it.

Mon, 06/01/2015 - 09:04 | 6151414 Took Red Pill
Took Red Pill's picture

People in Scandinavia are said to be the happiest, healthiest, most well off, etc. but they're still not free.

Sun, 05/31/2015 - 22:23 | 6150705 Nostradumbass
Nostradumbass's picture

When you locate some place where the people are happy, life is simple and they are not very dependent upon technology, you have a good plan B in the making.

An electrical grid failure doesn't mean much to people who are used to being without electricity often. Locally grown and raised foods at an affordable price frees you from needing a supermarket and dependence on trucking etc. Where the weather does not necessitate heating or cooling, even a small solar/battery system may provide for LED lighting, electronics use and ceiling and/or other fans. Maybe even a small refigerator?

When the place seems 'backward' and far behind the "first world" countries and all of it's overreach and freedom destroying policies, you have a good plan B in the making.

Staying isn't always the best choice - sad as that may be.

To each his own and good luck. 

Sun, 05/31/2015 - 22:41 | 6150753 gdiamond22
gdiamond22's picture

Puerto Rico believe it or not has risen to the top of the list. It's by no means perfect but some interesting points that make it worthy of a move:
No U.S. Federal income tax OR capiital gains taxes if you live there for 183 days during the year (act 22). This will continue until 2030. That alone would be the move worthwhile to simply keep what you've earned and not be stolen from u by the Feds. The climate is great 75-85 everyday, real estate is cheap, can grow crops and be close to the ocean for seafood. Could be a viable option

Sun, 05/31/2015 - 22:44 | 6150764 Calmyourself
Calmyourself's picture

Its even broker than the mainland and the locals will kill your white cracka ass

Sun, 05/31/2015 - 23:53 | 6150870 Real Estate Geek
Real Estate Geek's picture

Learn the language.  Marry a local woman from a big family, lots of brothers ideally, and treat her right.  You'll be fine.

Mon, 06/01/2015 - 00:45 | 6150955 TheMeatTrapper
TheMeatTrapper's picture

Have at it bro. Enjoy living with people that think New Jersey is an"escape". 

Mon, 06/01/2015 - 03:26 | 6151132 ebear
Mon, 06/01/2015 - 05:01 | 6151184 gdiamond22
gdiamond22's picture

Haha. I'm looking more to the beach towns of southwest. Rincon and similar areas. If stay clear of San Juan. But I get your point. John Paulso. Has out $2billion in investments and there are a bunch of private equity hedge funds moving there as well. No place is perfect and it's obv. Huge risk but the lure of keeping everything I make ( you know that freedom thing) is rather magnetic.

Mon, 06/01/2015 - 16:18 | 6152942 ebear
ebear's picture

"But I get your point."

Are you sure?  That was posted as a counter to Meat Trapper.

Just to clarify,  I understand and agree with what's said in that video.

This one too:

https://www.youtube.com/watch?v=DkFJE8ZdeG8

One thing I'll say about Latin America, if you make an effort to learn the language and show respect for the culture, you'll make a lot of friends.

If bugging out is your thing, and adapting to a new culture (not dragging yours along with you) is in the cards, then Ecuador or Bolivia would be your best bet.  As nice as it is, PR is still under US jurisdiction, and as much as I support PR independence, it has a snowball's chance in hell of ever succeeding. 


Mon, 06/01/2015 - 08:24 | 6151337 garcam123
garcam123's picture

Until it gets totally inudated by the tsunami caused collapsing volcano on that Canary Island that can go at any time!  Then!

KYAGoodbye!

Mon, 06/01/2015 - 07:12 | 6151268 Help Is Not Coming
Help Is Not Coming's picture

"I've been researching for years on somewhere else to live as I just can't stand what this country has become;" -gdiamond22

I want to live in the Republic. I don't want to move anywhere else. I just want to live here in the Republic that is the united States of America. The Republic is still here underneath all of the corruption, unconstitutional government actions, and lies. The problem is trying to get to it. It's hard to live in a republic when everyone else is living in a corrupt Weimar style democratic society which is sitting on top and smothering what is left of the country by voting for politicians who will drain the wealth of the country by buying votes from their constituents by handing out government largess.

Sun, 05/31/2015 - 20:04 | 6150396 Winston Churchill
Winston Churchill's picture

Don't be denigrating cesspools.A veritable rose in comparison.

Mon, 06/01/2015 - 00:20 | 6150904 Kirk2NCC1701
Kirk2NCC1701's picture

"This country is a Fucking cesspool"

True.  But that is not the salient issue.  The better question might be "When will this cesspool get flushed, or waste-water treated?"

Remember that the Roman Empire last loooong after Jesus and Masada.  So, for planning purposes, I would not pull the rip-chord just yet.  Just make sure you pack that parachute though.

Mon, 06/01/2015 - 01:31 | 6151000 Axenolith
Axenolith's picture

Don't forget, information traveled in the Roman Empire at the speed of hoof...

Sun, 05/31/2015 - 19:59 | 6150392 Fun Facts
Fun Facts's picture

#1 - Complete control of the issuance and control of money by a private international corporation.

#2 - Complete control of the media by the same room full of satanic bastards.

Sun, 05/31/2015 - 20:06 | 6150404 Usurious
Usurious's picture

douchinger doesnt understand DEBT-MONEY

Sun, 05/31/2015 - 20:14 | 6150430 mvsjcl
mvsjcl's picture

Is also a 9/11 denier.

Sun, 05/31/2015 - 20:23 | 6150459 bigkahuna
bigkahuna's picture

get the 911 conspirators...GET THE 911 CONSPIRATORS!!!!!!!!   YES, THEY ARE STILL FUCKING OUT THERE!!!!!!!

Mon, 06/01/2015 - 12:26 | 6152031 Kirk2NCC1701
Kirk2NCC1701's picture

Well, I'd settle for Rummy and that heartless, I'll-shoot-you-in-the-face bass-turd, dark Sith Lord getting a "factory recall".  Ditto for the Evil Emperor on that Texas ranch near Crawford, who is the biggest and most sinister of the lot.

Mon, 06/01/2015 - 00:05 | 6150885 conscious being
conscious being's picture

mvsjcl - 5 downvotes for that? I don't get it. He is a 9/11 denier. He must travel with his own version of the hasbra hit squad. Looks like there's 5 of them.

Mon, 06/01/2015 - 07:15 | 6151270 mvsjcl
mvsjcl's picture

Yep. A simple statement of fact. If you mentioned 9/11 truth on his site, the big Ban Hammer would come forth. He failed my litmus test.

Sun, 05/31/2015 - 21:02 | 6150538 crisrose
crisrose's picture

Any of you youngins make it to the other side:  SHOOT the first person who suggests charging interest.

 

 

Sun, 05/31/2015 - 21:36 | 6150611 bonin006
bonin006's picture

There is nothing wrong with charging interest on loaning out money you honestly earned. The problem is the banks charging interest on money conjured out of thin air, the FED setting the interest rate you receive at zero, and state/Fed governments limiting the interest rate you can legally charge to 6-8%, while letting banks charge 12/18/24% for credit cards and payday lenders can charge 400% per year.

Sun, 05/31/2015 - 21:58 | 6150668 nmewn
nmewn's picture

Oh boy now you've done it, here comes the St Thomas Aquinas argument, which is valid, until one starts lending at risk of loss for "other reasons"...like stoking an economy.

What a tattered web of deception, truth and moral equivalency we have to then weave.

Can't we just say its for the children, that always seems to work ;-)

Sun, 05/31/2015 - 22:29 | 6150723 stacking12321
stacking12321's picture

money, by definition, has the property of SCARCITY, thus, it cannot be conjured out of thin air.

what you are speaking about is currency. and i have no problem with banks charging interest on currency conjured out of thin air, if people are stupid enough to have faith in said currency.

the root of the problem is government decree promoting that same private currency. just as church and state ought to be separate, corporation and state ought to be separate as well. better yet, get rid of state, then there's no problems.

 

Sun, 05/31/2015 - 20:05 | 6150397 Kaiser Sousa
Kaiser Sousa's picture

Denniger is a disparager of REAL MONEY...

fuck off....

EXERT - Memorandum for the Record Source 

[Here follows discussion of seven unrelated issues.]

8. Coordination and Development of Basic Economic, Fiscal and Monetary Policies

Senator Kennedy indicated that he and his people had been thoroughly briefed and asked if Secretary Anderson had anything further to give them. Secretary Anderson made a strong recommendation that public statements on matters as delicate as the balance of payments situation should be confined to the President and his Secretary of the Treasury only. This would mean that the government would be speaking with one voice and this would be very helpful to an understanding by foreign governments of the United States position. Secretary Anderson further recommended that communications with the Federal Reserve System be kept in the family and particularly in cases where there were differences of opinions.

The President referred to the morale effect of separating military families brought about by the recent order made in an effort to alleviate the balance of payments situation.1  He pointed out that this was done as a quick move to do something concrete to stop the flow of gold and to show our Allies that we meant business. He expressed the hope that further study of this complicated matter would indicate that other and less drastic means could be used for accomplishing this purpose.

Secretary Anderson pointed out that gold erosion is still going on at a rate which we cannot afford—reporting $225 million from January 1, 1961, to January 19, 1961.

Senator Kennedy asked if there is any change in the gold balance among our Allies, and Secretary Anderson pointed out that all of our Allies have dollar surpluses—except Japan which has recently changed its reserve ratio. Secretary Anderson emphasized that the key to the gold problem is confidence on the part of other nations in the stability of the dollar and our willingness and ability to handle our fiscal affairs wisely. At this point, the President pointed out that he had had a study made as to the effect of ICA's programs on the outflow of gold and found this to be minimal.2

Secretary Anderson indicated that the British had been very helpful in the gold situation and had worked with us very closely. He also pointed out that the Treasury Department keeps a “watch officer” on duty 24 hours a day on this particular matter."Document 1 

 

Sun, 05/31/2015 - 21:05 | 6150540 crisrose
crisrose's picture

REAL money - INTEREST FREE money - is US coins.  Nothing stopping you from using US coins and US coins ONLY.

 

Mon, 06/01/2015 - 07:20 | 6151272 mvsjcl
mvsjcl's picture

It used to be real money, when those coins contained silver and gold. Now? Not so much.

Sun, 05/31/2015 - 20:05 | 6150399 manofthenorth
manofthenorth's picture

"There comes a time when silence is betrayal"

Sun, 05/31/2015 - 20:36 | 6150492 Questan1913
Questan1913's picture

No, inaction is treason.

Sun, 05/31/2015 - 20:10 | 6150417 ebworthen
ebworthen's picture

Yup, done, the goose is cooked.

Welcome to the Kleptoligarchy serfs!

Sun, 05/31/2015 - 21:31 | 6150603 dreadnaught
dreadnaught's picture

re: Denniger-he is a moron- has mental problems....and he keeps pushing Blackberry phones on his fanbois as "the wave of the future" -RIGHT !

He will ban you if a word is spoken out of place. Once he got so mad at his flock that he shut the whole site down for a day....

Sun, 05/31/2015 - 22:47 | 6150771 Calmyourself
Calmyourself's picture

Lots of truth spoken there but disfunction as well, dont bother with his comment section, he is too authoritarian to have one.  I cannot imagine working for the man..

Mon, 06/01/2015 - 00:23 | 6150911 Savyindallas
Savyindallas's picture

Denninger can't be treated seriously - has a visceral hatred of Ron Paul. He is a Neocon - and yes he banned all subscribers to his website who dared questionning his authority on any issue  - His website went to shit because he banned anyone who dared exerecise any independent thought. The mere mention of his name makes me laugh  -he's a joke. 

Sun, 05/31/2015 - 20:10 | 6150419 q99x2
q99x2's picture

Awh hell pretty sure that lots of people are going to have a whole lot of fun arresting them and hauling them off to prisons. The temptation has to be irresistable at this point for people with lots of money. Either way, the ponzi is coming down. People can have fun by restoring the law or be fearful that they and their families might not survive it, or even want to survive in a police state.

Sun, 05/31/2015 - 20:13 | 6150428 heisenberg991
heisenberg991's picture

But tomorrow NFLX hits 700, all is well.

Sun, 05/31/2015 - 20:15 | 6150434 red1chief
red1chief's picture

While I agree that the 5 things are outrageous, they are not really new and don't mean America is "done". This will go on for a long, long while.

Sun, 05/31/2015 - 20:29 | 6150440 Chalan
Chalan's picture

 

Nice to read Karl Denninger here.

I read his analysis of economic #s, every morning on The Market Ticker.

He explains a great variety of economic, legal and general issues on a

simple way for anyone to understand.

 

Sun, 05/31/2015 - 20:19 | 6150447 enloe creek
enloe creek's picture

you need to understand this is nature, we have a marshmallow society living off the fruits of past labor an future labor we desreve nothing we have, and can't maintain it anyway. see you in the funny papers

Sun, 05/31/2015 - 20:19 | 6150448 enloe creek
enloe creek's picture

you need to understand this is nature, we have a marshmallow society living off the fruits of past labor an future labor we desreve nothing we have, and can't maintain it anyway. see you in the funny papers

Sun, 05/31/2015 - 20:21 | 6150455 Reaper
Reaper's picture

"Everything the government says is a lie." Worse is that the government hacks believe their own lies. Dementia never ends well.

Sun, 05/31/2015 - 20:27 | 6150468 fremannx
fremannx's picture

The only reason needed is that the US has amassed the largest debt in the history of the world. That debt bubble is about to implode with catastrophic results...

http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...

 

The resulting deflationary depression with make 1929 seem like a mild cold in the history of the globe...

http://www.globaldeflationnews.com/inflation-vs-deflation-part-1which-on...

Sun, 05/31/2015 - 20:27 | 6150470 will ling
will ling's picture

crank up the underground  AR-15 machine tool shops.

Sun, 05/31/2015 - 22:09 | 6150684 Ginsengbull
Ginsengbull's picture

Can they be made with titanium receiver?

Mon, 06/01/2015 - 02:18 | 6151056 Axenolith
Axenolith's picture

Why?  Unless you shoot competitively or are using it on a daily basis for months for supressing fire, you're never going to put the rounds through a titanium receiver that will test it's mean time between failure value.

And unless you're under 30, don't get a f***ing M4 with a 16" or smaller barrel.  You're not going to CQB with all the 20 somethings and survive more than a day or 2, you'll get shot (which in the realm of high velocity weaponry is pretty much game over in a SHTF scenario for even periferal limb shots) or you're going to have the cash to slather yourself in decent body armor and heat stroke out the second day because you have pushed a desk for the last 15 years.

Get a decent manufacturer model with an 18" or longer barrel 1-8 or 9 twist and put a decent VARIABLE power (~6-~24X, you will have several holes in you while you are still trying to find the target in the 3 foot field of view at 100 yards 40X Leupold or similar) scope and learn how to use it and MAKE A DOPE SHEET FOR MORE THAN ONE WEIGHT CARTRIDGE.  That way, you won't be wondering why you have a .308 hole in your chest when you just shot at the bad guy with the 50 grain varmint rounds you scavenged from Cletus' broke down truck with your sighted-in-for M855 rounds AR and they flew 4 inches over the top of the guys head.

 

Sun, 05/31/2015 - 20:30 | 6150471 BoPeople
BoPeople's picture

The common thread amongst all of the 5 above items is lawyers who care nothing about right and wrong, only about getting the most they can for themselves (and their clients).

If lawyers were required to act morally, legally and ethically, we would have none of the above problems.

If we did not have a class of people who knew how to use the law to their advantage and against its intentions then the US would be forced to resolve issues using common sense.

So, all we need to do to get the US back is eliminate all of the lawyers. Easy, no?

Sun, 05/31/2015 - 21:06 | 6150542 crisrose
crisrose's picture

If Americans as a whole were required to act morally, legally and ethically, we would have none of the above problems.

Mon, 06/01/2015 - 10:52 | 6151705 Pickleton
Pickleton's picture

were required to act morally, legally and ethically, we would have none of the above problems.

 

Oh, so you're a fan of the French revolution (a bloodbath). "Required" = bloodbath. Or did you somehow miss that's what you're describing?

Sun, 05/31/2015 - 22:23 | 6150708 Clowns on Acid
Clowns on Acid's picture

Well... thats what Shakespeare said .....

Sun, 05/31/2015 - 22:32 | 6150730 Mute Button
Mute Button's picture

Practice of the law should be illegal as a profession. It is parasitical and, hence, naturally amends itself to pejoratives like ambulance chaser.

But it is a profession because law school is so damn expensive. And so a law degree should not be a requirement to practice law. Five states allow for law to be practiced without a degree.

Sun, 05/31/2015 - 20:31 | 6150475 Neochrome
Neochrome's picture

Why don't we blame "Kremlin internet troll army", it seems to be the latest directive from NSA-tapo?

Sun, 05/31/2015 - 20:41 | 6150495 NoWayJose
NoWayJose's picture

You could easily add the following, because each of them -- all by themselves -- will finish us off:

6. The Fed
7. The welfare state that incentivizes not working
8. Open borders
9. Lack of will to address the annual deficit spending
10. A foreign policy which creates enemies rather than friends
11. Violating the Constitution
12. Attacking religion

Sun, 05/31/2015 - 21:53 | 6150655 OZZIDOWNUNDER
OZZIDOWNUNDER's picture

12. Attacking religion !    --  Leave that one off the list. One of the biggest problems about Americans is that so many of them are religous fruit loops & so many many of those are in Government. ALL religion is BS -it creates fanatics of all shades of grey.

Sun, 05/31/2015 - 22:14 | 6150695 Bendromeda Strain
Bendromeda Strain's picture

See, that problem with "Americans", they were all pretty much religious refugees at the beginning, unlike that slave penal colony wasteland you come from. Your women are way too sweet to be wasted on boneheaded drunken brawling trash like the lot of you.

Mon, 06/01/2015 - 03:23 | 6151130 CHX
CHX's picture

1. to 12. all in the name of "King Dollar"

Sun, 05/31/2015 - 20:44 | 6150505 MATA HAIRY
MATA HAIRY's picture

The USA is NOT a Democracy.

 

It NEVER was!

 

Try reading Madison's Federalist Papers, his constitutional convention notes and his 'divide et impera' letter to jefferson.

 

The formation of the USA from the several states was a coup d'etat by the rich. Duh!

Sun, 05/31/2015 - 21:09 | 6150549 Dixie Flatline
Dixie Flatline's picture
Five Reasons Why America Is Done

The existence of ZH is number one right?

Here you have a doom blog that does a pretty good job of pursuing the truth abotu the economic affairs of the country.  There would be no need for a ZH if the condition of the country was fair.

Sun, 05/31/2015 - 21:11 | 6150553 Questan1913
Questan1913's picture

Thanks Karl, for (inadvertenlty) exposing GOV-OPS internet psyops brigade, zerohedge division, as represented here in the comments section going on defense of the criminal, syndicates intent on plundering the American nation in the race for moar..  Now this makes perfect sense if you understand that those gigantic plundering entities Karl refers to above ARE THE GOVERNMENT.

George Washington has to be laiughing his you know what off if he is reading the comments section.   Every one of the internet psy ops techniques he has listed is on display in the above comments!  Go, ahead go back and see if you can pick them out. 

This is how our governments spends money, attempting to discredit people like GW and Denninger, and of course ZH is infested with these rats;  I view them as the soft section of the secret police. There is a hard branch of course and if these guys fail and you continue to do nothing you will experience them............  Kind of obvious isn't it.

 

And thank you Tylers/ZH for running the equivalent of an Ivy Leaqgue level university of immense benefit to this society; attempting to educatie it when no other institutions are.

Mon, 06/01/2015 - 00:25 | 6150917 Savyindallas
Savyindallas's picture

Denninger can't be treated seriously - has a visceral hatred of Ron Paul. He is a Neocon - and yes he banned all subscribers to his website who dared questionning his authority on any issue  - His website went to shit because he banned anyone who dared exerecise any independent thought. The mere mention of his name makes me laugh  -he's a joke. 

Sun, 05/31/2015 - 21:26 | 6150596 CHC
CHC's picture

Those reasons and thousands of others are all testament to a dying empire. 

Sun, 05/31/2015 - 21:29 | 6150601 cheech_wizard
cheech_wizard's picture

I am sort of curious given the availability of drones why no one has yet to attach a pipe bomb/C4/dynamite to one and flown it into any of the afore-mentioned people/corporate board rooms. Hell, you might even get away with it. Note to the NSA and other alphabet agencies... When the shtf, it won't start with you actually, but with your families... think long and hard about that before continuing down the path you are already walking. After all, any idiot can easily go through any .gov website, obtain names, then find your home addresses.

 

Sun, 05/31/2015 - 21:49 | 6150650 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

After 50 Investment Bankster "suicides" it is looking fairly improbable that the don't worry be happy philosophy is having the desired effect on markets, or Investment Banks. Moreover, the TBTF banks killed 50 bankers in less than one year, but we can be assured that they need to kill even more due to pending court cases on the books. America is completely insolvent with unsecured debt and deficit. Obviously, neocons & neolibs think they can pretend that 'the economy' will return to normalcy if pretending suits their collective ethos of propping up a systemically unworkable falsehood long enough to cash in for another business quarter. They will massage the books until average investors catch on to the risk associated with that stance. All investors know is that the interest rate is low and not investing means a loss each day that they are not invested. Most 'stackers' on Z/H are not invested, and the majority here would not risk this market knowing that there are no markets anymore. Everything vanished into thin air in 2008. We all have 500 reasons not to invest in faux markets and fraudulent fundamentals. The present market players know they are invested in fraud and that's why they keep playing the fraud card each week. It is up to us to expose the fraud to those that are in denial. That is our job in a nutshell, Z/H. The Banksters will fail where Z/H is certain to succeed.

Mon, 06/01/2015 - 00:01 | 6150879 honestann
honestann's picture

You touch on a question that I wonder about from time to time.  Has any real journalist looked into what these suicide and suicided banksters were involved in before their deaths?

In other words, were these people "just nuts", or "on wacko drugs", or "on killer anti-depressants"... or where they involved in nefarious business activities their employers decided they needed to hide?

Some real honest journalist should investigate this question.

Mon, 06/01/2015 - 14:09 | 6152397 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

I've been keeping my eye on the bankster deaths, but I don't know of any investigative journalists that are taking it on. It seems reasonable to assume that there are few that really want to delve into it for fear of being summarily executed. Also, I sincerely doubt that MSM news outlets would allow any of their investigative journalists to conduct research into that area given that news editors with experience would know that their lives would be at risk if they did. Don't forget the news editor of CNBC who was threatened for posting an article on CNBC that outlined a $31 trillion dollar lawsuit brought against TBTF. His children were murdered by the family Nanny one day after he was threatened for uploading the article to CNBC. The article was removed as soon as his children were murdered by the Nanny who was on anti-psychotics or anti-depressants when she slashed the throats of the children. Clearly, someone should be investigating the so-called suicides, but intimidation by 'unknown' forces has had the effect that they wanted to instill in news departments throughout the World.

 

Crime does pay, unfortunately.

Tue, 06/02/2015 - 18:46 | 6154507 honestann
honestann's picture

Obviously we can't expect this kind of investigation from mainstream media.  Even if they found something, they would never publish it... though they might publish they performed an investigation then conclude the exact opposite of what they found.

However, this would be a good topic for non-mainstream journalists.  And if they have any brains whatsoever, we would all benefit from hearing the recordings of the threats leveled at them, as well as knowing the identities of who threatened.

I hadn't heard that story about the CNBC news editor, which isn't very surprising.

Sun, 05/31/2015 - 22:02 | 6150673 VelvetHog
VelvetHog's picture

Denninger for president!

Sun, 05/31/2015 - 22:19 | 6150700 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

in 10 years the USA is going to be the worlds biggest open air prison the world has ever seen

 

 

Sun, 05/31/2015 - 23:55 | 6150875 honestann
honestann's picture

Yet... only a tiny fraction will get the hell outta dodge before they are locked in.

Sun, 05/31/2015 - 22:26 | 6150718 PGR88
PGR88's picture

Hey, but at least gays can get married.  Thank God that the US Government now has the power to define marriage for society.

Sun, 05/31/2015 - 22:59 | 6150798 adr
adr's picture

Who is behind the banks, the media, the medical complex, and the legal profession?

Any country that allows them to rise to levels of power is doomed. They have been destroying civilizations for thousands of years. They do the work of the Devil and destroy all they touch. We are nearing the end of this round of the great game.

That is why not only America is doomed, but the entire planet.

Mon, 06/01/2015 - 01:44 | 6151015 Counterpunch
Counterpunch's picture

First, they get you to believe they are invincible.

Second, the magick of "anti-Semite."

only third is controlling the money and media and government.

 

 

Not invincible, but let us divide the pernicious, fundamentalist ones from the 'regular guy' and the ideological ally.

 

Don't multiply objects, or enemies, needlessly.

 

 

Sun, 05/31/2015 - 23:10 | 6150811 SweetDoug
SweetDoug's picture

'

'

'

Bravo!

 

When is it going to be the time, to start thinking about the time, that it'll be the time to start pushing back, hard?

And how hard will you push back?

 

 

When will it be time to…

 

Get.

 

Your.

 

Guns.

 

•?•
V-V

Sun, 05/31/2015 - 23:24 | 6150827 spqrusa
spqrusa's picture

Amerika will be done when the Imperial Powers have hollowed it out to meet their ends.

Sun, 05/31/2015 - 23:46 | 6150860 ultraticum
ultraticum's picture

#1. The private Fed
#2. The private Fed
#3. The private Fed
#4. The private Fed
#5. The corrupt government

There. Fixed it.

Sun, 05/31/2015 - 23:54 | 6150873 honestann
honestann's picture

Excellent article.

-----

However, the unstated finale is this.

THE HUMAN PREDATORS WILL NOT STAND DOWN.

THE HUMAN PREDATORS MUST BE EXTERMINATED.

Otherwise, HUMANS ARE FINISHED.

Which is why...

HUMANS ARE FINISHED.

Because good humans refuse to defend themselves, and refuse to organize to wholesale exterminate human predators.  Nothing else will work, because nothing else can work.

Mon, 06/01/2015 - 04:29 | 6151162 cherry picker
cherry picker's picture

The only way forward is to reclaim the land and kick out DC.  The Natives wanted to do it in North and South Dakota a few years ago.

All you need is a flag, a fence to keep the scavengers out, a new currency, loyalty and some teeth to bite back with and maybe a little help from friends in other places which shouldn't be too hard to find.

Mon, 06/01/2015 - 00:05 | 6150884 Sanity Bear
Sanity Bear's picture

He's not just the author, he's also the President of Overformatters Anonymous

Mon, 06/01/2015 - 00:24 | 6150912 Savyindallas
Savyindallas's picture

Denninger can't be treated seriously - has a visceral hatred of Ron Paul. He is a Neocon - and yes he banned all subscribers to his website who dared questionning his authority on any issue  - His website went to shit because he banned anyone who dared exerecise any independent thought. The mere mention of his name makes me laugh  -he's a joke. 

Mon, 06/01/2015 - 02:05 | 6151039 Tom Green Swedish
Tom Green Swedish's picture

This country has been in gradual decline for over 200 years.

Mon, 06/01/2015 - 02:25 | 6151065 whoisjg
whoisjg's picture

what about the h-1b visa , importing 265,000 indians with fake degrees to take our engineering jobs away from our best and brightest engineers?

 

We've imported over 8 million of them for our 4 million technology jobs during our 14 year long great depression. theres been zero job creation so every singe one of them throws a brilliant american into the streets. 

Mon, 06/01/2015 - 03:40 | 6151139 cwsuisse
cwsuisse's picture

Stop bickering and do something! By now most Americans should know something is wrong. And the majority of those should be dissatisfied with the status quo. It is difficult to understand why in America no peaceful resistance arises. In Europe parties such as Syriza and Podemos have demonstrated that is possible to gather enough followers essentially without any money behind them. Particularly Podemos is interesting since it has been using internet and social networks and has risen extremely fast. Why is the American population not capable of change? 

Mon, 06/01/2015 - 04:05 | 6151149 Ghordius
Ghordius's picture

why? politics. specifically, polarized politics in the captured environment of duopoly of party power aided by nearly unlimited money in campaigns and redistricting a social environment where people flock to the "right" zip codes and vote in an electoral system based on "the first wins it all"

there would be space, in the US political spectrum, for a Libertarian Party, a Occupy Party and a Tea Party. but they are re-absorbed into two "tents" by the political and social system

Mon, 06/01/2015 - 04:18 | 6151155 DeusHedge
DeusHedge's picture

junk bonds, student loans, loans on vehicles

Mon, 06/01/2015 - 05:52 | 6151215 KashNCarry
KashNCarry's picture

Fall of the Roman Empire 2.0

Mon, 06/01/2015 - 06:40 | 6151245 Last of the Mid...
Last of the Middle Class's picture

We the Corporataions hired bathhouse barry as their proxy to do their bidding, congress was bought a long time ago. Not to mention we're about to elect a 67 year old lying white female who let people die on her watch while gun running in the state department. Crazy is as crazy does.

Mon, 06/01/2015 - 08:59 | 6151400 Dominus Ludificatio
Dominus Ludificatio's picture

They cannot see or smell the decy that is setting in all around. Gated communities or gated brains.

Mon, 06/01/2015 - 09:03 | 6151401 Dominus Ludificatio
Dominus Ludificatio's picture

When excessive greed became a religion.

Mon, 06/01/2015 - 13:17 | 6152191 BI2
BI2's picture

There's always been one reason why America's been done for a long time: The American Curse >>> http://wp.me/p4OZ4v-3z

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