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Good On You, Alexis Tsipras (Part 1)
Submitted by David Stockman via Contra Corner blog,
Late Friday night a solid blow was struck for sound money, free markets and limited government by a most unlikely force. Namely, the hard core statist and crypto-Marxist prime minister of Greece, Alexis Tsipras. He has now set in motion a cascade of disruption that will shake the corrupt status quo to its very foundations.
And just in the nick of time, too. After 15 years of rampant money printing, falsification of financial market prices and usurpation of democratic rule, his antagonists—–the ECB, the EU superstate and the IMF—-have become a terminal threat to the very survival of the kind of liberal society of which these values are part and parcel.
In fact, the Keynesian central banking and the Brussels and IMF style bailout regime—which has become nearly universal—-eventually fosters a form of soft-core economic totalitarianism. That’s because the former first destroys honest financial markets by falsifying the price of debt. So doing, Keynesian central bankers enable governments to issue far more debt than their taxpayers and national economies can shoulder; and, at the same time, force investors and savers to desperately chase yield in a marketplace where the so-called risk free interest rate has been pegged at ridiculously low levels.
That means, in turn, that banks, bond funds and fast money traders alike take on increasing levels of unacknowledged and uncompensated risk, and that the natural checks and balances of honest financial markets are stymied and disabled. Short sellers are soon destroyed because the purpose of Keynesian central banking is to drive the price of securities to artificially high and unnatural levels. At the same time, hedge fund gamblers are able to engage in highly leveraged carry trades based on state subsidized (free) overnight money, and to purchase downside market risk insurance (“puts”) for a pittance.
Eventually bond and stock “markets” become central bank enabled casinos—-riven with mispriced securities, dangerous carry trades, massive unearned windfall profits and endemic instability. When an unexpected shock or “black swan” event threatens to shatter confidence and trigger a sell-off of these drastically over-priced securities, the bailout state swings into action indiscriminately propping up the gamblers.
That’s what the Fed and TARP did in behalf of Morgan Stanley and Goldman back in September 2008. And it’s what the troika did in behalf of the French, German, Dutch, Italian and other European banks, which were stuffed with unpayable Greek and PIIGS debt, beginning in 2010.
Needless to say, repeated and predictable bailouts create enormous moral hazard and extirpate all remnants of financial discipline in financial markets and legislative chambers alike. Since 2010, the Greeks have done little more than pretend to restructure their state finances and private economy, and the Italians, Portuguese, Spanish and Irish have done virtually nothing at all. The modest uptick in the reported GDP of the latter two hopeless debt serfs are just unsustainable rounding errors—–flattered by the phony speculative boom in their debt securities that was temporarily fueled by Draghi’s money printing ukase that is presently in drastic retreat.
So this Monday morning push has come to shove; Angela Merkel and her posse of politicians and policy apparatchiks were not able to kick the can one more time after all.
Instead, the troika’s authoritarian bailout regime has stimulated political revolt throughout the continent. Tsipras’ defiance is only the leading indicator and initial actualization–the match that is lighting the fire of revolt..
But what it means is that there is now doubt, confusion and fear in the gambling halls. The punters who have grown rich on the one-way trades enabled by the money printing central banks and their fiscal bailout adjutants are being suddenly struck by the realization that the game might not be rigged after all.
So let the price discovery begin. In the days ahead, we will catalogue the desperate efforts of the regime to reassert its authority and control and to stabilize the suddenly turbulent casino.
In riding the central bank bubbles to unconscionable riches the big axes in the casino have falsely claimed to be doing “gods work”.
As they are now being forced to liquidate these inflated assets, they actually are.
Last fall one of the most detestable members of the regime, Jean-Claude Juncker, arrogantly issued the following boast.
“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.”
This morning that smug proclamation is in complete tatters. Good on you, Alexis Tsipras.
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The bankers pretend that the financial crisis, securities fraud, market manipulation, and money laundering never happened. They pretend that goldman along with draghi, papademos, and many others never cooked greece's books. They pretend that people aren't being stolen from through inflation, zero or negative interest rates, and many other avenues.
Reality has a way of waking up even the delusional.
The fundamental crisis is corruption.
What were formerly banking systems have been usurped into monopoly “businesses” of the government. The business of banking used to be that the results of productive work that had already been performed, also known as money, was conserved and invested as the means of loaning value to the end of producing more value. This business became corrupted when the monopoly began to make loans before any productive work was performed to create the value which could be available to loan. This is counterfeiting. This is the imitation that productive work had been performed and that value was indeed available to be invested. Instead, the currency loaned was conjured and what was introduced in to the economy was not value, but the opposite of value. To create value requires that productive work be performed. This is the meaning of “to make” money. The “opposite of” “to make” is “counter feit.”
When the imitation of value is introduced into the economy it cannot add value. It can only steal from the value that is already there.
So the cause of the banking “crisis” is corruption. The exact same cause is also the cause of the “public” debt problem. The counterfeit underwrites the debt and then the government spends this counterfeit into the economy. This then is the source of the “under-investment.” Value is not being introduced into the economy. By this scheme of corruption, value is being extracted, not added. Insult to injury, the people who are performing productive work are subjects to a direct tax to pay the holders of the corrupted debt.
There are not four separate “crisis.” Each is symptomatic of the same cause. The only lasting solution is to remove the monopoly that the government has on its counterfeiting system.
http://genius.com/Y-varoufakis-s-holland-and-jk-galbraith-a-modest-propo...
you are somewhat correct but you ignore a very tiny group of families that OWN all the banks and most of the largest 50 corporations through a complex holding company and banking arrangement. but good try...and btw THEY own the governments
It's futile...to fight them .gov owners, no?
"He has now set in motion a cascade of disruption that will shake the corrupt status quo to its very foundations."
Well yes... but it appears that he may have had some help over 2 election cycles ago when Syriza was a party with only 10% support...
Alexis Tsipras & Henry Kissinger!.wmv - YouTube
Wow! Look at that gut on Henry. Like he's got a couple of kids in there.
Interesting find ZeroHead.
Tsipras is Sancho Panza, NOT some hero ZHers envision fighting evil bankers, but a fool fighting an imaginary foe.
"We have met the enemy and he is us."
"...but it appears that he may have had some help..."
I find it hard to laud Tsipras when he is talking so loud about refusing to leave a union that he (correctly) describes as negotiating in bad faith so as to destroy the Greek people. If they are that bad, why would he want to stay in their union? Tsipras is arguing for a continuation of the same system that is creating the misery; he just wants that system to send Greece more crumbs than they are currently sending.
Greece needs to leave the euro on their own ititiative. With their heads held high. Tsipras is not the man for that job.
Beg to differ...
Tsipras has been cast as Moses by the Global Financial Elite and will now lead Greece to the NWO promised land. He is just trying to make it look like he tried to find a compromise as hard as he could in order to win the "NO" referendum which he no doubt will. Then he will be off to Henry Kissingers good friend Vladimir Putin to start the process of Greece's China/Russia bailout and subsequent entry into the "Phoenix".
http://www.nytimes.com/2012/01/20/world/europe/henry-kissinger-to-meet-w...
So Greece will be gone and will probably immediately begin to do better enticing all debt enslaved nations to follow the lead of the (IMF-SDR) BRIC's.
ECONOMIST MAGAZINE 1988 (yes Rothschild owned)
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10
THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.
–
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.
@ kliguy38. Right on about 21:12. That my post above does not discuss who the Priests from the Temples of Syrinx are does not negate any of the description of how they have assumed control.
When was banking not corrupt?
+100 for your nice contrast between productive work creation of wealth vs. fiat loan mimicry of wealth. Nicely said.
Only place I disagree is that the government is not creating the money. It's borrowing it into existence! The Fed is such an unbelievably blatant fascist system, it's remarkable it made it through its early years, when citizens were better educated and more saavy. At this point, the average IQ and education have dropped so low that very few care to understand, and even fewer truly do understand. I care to understand, but I realize that I don't, which is interesting in itself, given that I have the educational background which should allow it.
Corruption indeed, very purely refined. Powerful stuff!
If you're a smart bugger, and you can't get your head around it, it's a fair bet it was designed that way. Meaning, it's a bunch of bullshit.
@ SofaPapa. Thank you. ...I don't say they create money. They create counterfeit, the imitation of productive work. Again and as always, anywhere and everywhere, replace the word money with what money represents, productive work. Then, ask if the statement still makes sense.
What you say is borrowing money, is it? The introduction of the new currency is not the borrowing of productive work. It is the stealing of it.
If productive work is to be borrowed from, then productive work must have had to have been performed! Money has not been created because no productive work was performed. I think you mean the same thing when I say "conjured" and you say "borrowed." We both mean that the currency comes from nothing. The difference though is very important. When you say borrowed it implies that there really was existing value to borrow from...but, there was not. Instead, all of the value produced MUST therefore come from the debtor who must pay back the loan. This is the theft, the exchange of counterfeit for money.
Tsipras by asking for referendum, and Troika acting before the vote is blatantly showing the banksters are anything but democratic. As far as I see Tspiras and Varoufakis are playing this quite smart.
Putin I think has their backs.
I hope they vote no. In for a penny, in for a GBPound.
http://img846.imageshack.us/img846/8647/tsirpasxgdftw0hedge.jpg
Josehp Stiglitz reveals how he would vote in the Greek referendum:
“European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.
“Of course, the economics behind the programme that the ‘troika’ (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece five years ago has been abysmal, resulting in a 25% decline in the country’s GDP. I can think of no depression, ever, that has been so deliberate and had such catastrophic consequences: Greece’s rate of youth unemployment, for example, now exceeds 60%.
’It is startling that the troika has refused to accept responsibility for any of this or admit how bad its forecasts and models have been. But what is even more surprising is that Europe’s leaders have not even learned. The troika is still demanding that Greece achieve a primary budget surplus (excluding interest payments) of 3.5% of GDP by 2018. …
“We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there. It has gone to pay out private-sector creditors – including German and French banks. Greece has gotten but a pittance, but it has paid a high price to preserve these countries’ banking systems. The IMF and the other ‘official’ creditors do not need the money that is being demanded. Under a business-as-usual scenario, the money received would most likely just be lent out again to Greece.
“But, again, it’s not about the money. It’s about using ‘deadlines’ to force Greece to knuckle under, and to accept the unacceptable – not only austerity measures, but other regressive and punitive policies….
“It is hard to advise Greeks how to vote on 5 July. Neither alternative – approval or rejection of the troika’s terms – will be easy, and both carry huge risks. A yes vote would mean depression almost without end. Perhaps a depleted country – one that has sold off all of its assets, and whose bright young people have emigrated – might finally get debt forgiveness; perhaps, having shrivelled into a middle-income economy, Greece might finally be able to get assistance from the World Bank. All of this might happen in the next decade, or perhaps in the decade after that.
“By contrast, a no vote would at least open the possibility that Greece, with its strong democratic tradition, might grasp its destiny in its own hands. Greeks might gain the opportunity to shape a future that, though perhaps not as prosperous as the past, is far more hopeful than the unconscionable torture of the present.
“I know how I would vote.”
http://www.theguardian.com/business/2015/jun/29/joseph-stiglitz-how-i-would-vote-in-the-greek-referendum
can you say "mark". greece was the mark and finally figured it out. any country will do. just needs some actual land, some cities and viable population tuned into sports, game shows, hollyfake shit and so on. oh, my oh my, that seems to be the entire world. vast frontiers for the cabal of banking fraudsters via fiat, to concour and decimate...
Fuck stiglitz. Knuckle under? They pay for every single un-necessary social service they can, and start full retirement at 40. They have no tax revenue because nobody has to fucking work. Fuck them and that horse they rode in on. Vote buying kills people. See?
How can anyone at this point get just about everything in their post so factually wrong is beyond me, but you managed to do it.
All I want to know is who the other moron besides yourself is who up voted you. Two accounts perhaps?
Stiglitz is a disgusting NWO clown. Go to youtube and search Hugh Hendry and Stiglitz. Hugh was also telling of Jeffrey Sachs. Sachs was involved in Russia privatizations years ago aka Soros and the zoligarchs looting Russia.
https://www.youtube.com/watch?v=-DN_eZHxa8Q
Stiglitz and Sachs claiming Greece was not a problem back in 2011.
I'm aware of Stiglitz's faults, Freddie, but if he issues a strong statement at the time it is needed and might help these wearied and banker-trodden people, we should support the statement, IMO.
that statement may have been a good one, but I don't believe in promoting people who are as wrong and evil as stiglitz. If he was put in charge of anything, everything he did would make the world worse, not better, so fuck him. Ill never promote anything he says because it might give people the false impression that he is someone to listen to. He is evil and no good will come of promoting him
A good point.
Don't count the chickens before they have all hatched. I want this to be true, but...
Any way you slice it unless the IMF-SDR (AKA "The Phoenix") is aborted the New NWO (same owners as the Old NWO) wins...
Alexis Tsipras & Henry Kissinger!.wmv - YouTube
So let the price discovery begin.
You must be joking.
Thank you Mr. Stockman,
but please stay away from open windows and nail guns.
You might add "and stop sniffing glue too!"
Articles like this and the fact that people believe this stuff remind me how Wall Street got into so much trouble in 2008 in the first place.
As Adolf Hiltler famously said "the bigger the lie the more they believe you!"
Agree. Feeling like Flounder in Animal House right now: "ooh boy, oh boy!" But doubt it will happen because of the special interests. Here's to you Stockman, Tsipras and Greeks. It will cost me some money in the short run but maybe risk can be repriced so we can all make some real money in the future.
No really......hold on.... let me get a straight face, this time it's different.....
"This time it's the same only the joke's on you!"
Long way to go, but Pandora's box is open. A few days/weeks/months of wanking, and then push really WILL come to shove (or pull as it were, to follow the analogy...)
I think the Greek PM could not care less about sound money. He cares about his political career, nothing more...
He doesn't (care about sound money), but the point is, events of his making are cascading into motion with a delicious irony that potentially make him the one who pushes sound money into play.
I am not sure what the author hopes will happen. Yes, there may be some financial pain but every government in the world is involved in the same religion of central planners. They do not give up that religion any easier than anyone else, even in the face of disaster or failure.
I believe it is just as likely they will double and triple-down on their theories and interventions. If it blows up it will be the Krugman answer of "not enough intervention soon enough". This is consistent with the government maxim that all government failures are caused by not enough government (or rules, regulations and funding).
They are (involved in the same religion of central planners), they won't (give up that religion easy), and they will (double and triple down). The concept now is, how far can their desparation be taken until SHTF, and what will the world look like at that point - investment-wise, government control-wise, weather-wise, money-wise, geopolitical landscape-wise - and how well are you prepared. Nobody here or anywhere else can answer that, not even the nerds who program the algorithms. Try as they might, they cannot and will not beat "Mother Nature". (Edited for the spelling Nazis....)
Alexis Tsipras strikes a blow for freedom by doing what socialists do so well: FAIL.
I'll take failure any way I can get it. It's been sorely lacking in the financial world of late. (Regular people have become very accustomed to it already, however).
"Deception is the point! Any fool can calculate strength. That one has been doing it since we arrived. Now he has to calculate what he can't see."
Before you throw around words like socialism you should first try to understand what they mean.
But I don't blame you, it's the madness of crowds. ZH and a lot of its devotees (thankfully not all) seems to hate bankers and "socialism" at the same time, sort of like a modern version of an Orwellian doublethink holding two conflicting views at the sane time.
I know, I know, you are a romantic still having visions that this crony capitalism, totalitarianism, fascism or whatever the fuck it is the monstrosity system is called that we have now can change itself to something more responsible towards the well being of society, just as long as it isn't socialism......LOL.
exactly. These people cannot make the distinction between Socialsm and Corporitism. They dont understand simple concepts that for example politics is a circle and that the far right and far left meet. All they know is they hate Socialism because they have been conditioned to do so.
Good for you, David Stockman. What a really great lead!
It ain't over 'til it's over.
Greece is not out of the woods yet.
It is unlikely that Obama, Merkel, the TBTF banksters, & NATO
will allow Greece to cut its noose peacefully.
http://www.counterpunch.org/2015/06/29/the-greek-debt-crisis-and-crashin...
Meanwhile in Amerika - SCROTUS makes a daily proclimation stealing more rights and freedums from America.
Today - they gave illegal aliens the right to vote. The "court" is totally compromised like the rest of the govt.
Who could possibly be easier to bribe or blackmail (preferrably both)? Only 2 justices needed to swing any decision to what you desire. TWO PEOPLE.
Roberts is one of them, almost certainly. If I had to guess I'd say they have pictures of him with underage boys.
One more move on the path of full globalization.
EU slaves and Greek Olympics
https://pp.vk.me/c628227/v628227354/b027/FlGdB2ve5Ro.jpg
Comparing the situation of Greece to US or even Germany is absurd. The Bulgarian Prime Minister came out today and explicitly told the Greeks to do the reforms necessary since "one of the poorest countries in the EU, Bulgaria did them and moved on". In Greece you can retire earlier than a German and get paid more than a German. It makes absolutely no sense from a country that doesn't produce anything for the 21st economy except nice "organic" food for high-end export. But so does Italy, so does Spain, so does Turkey and so will soon Croatia and Albania. Its the same food. So what does Greece have ? Tourism ? Ok, so do the aforementioned countries, and even cheaper I might add. Next ? Well this is the crux that people have no narrative in understanding. Greece was propped up for two reasons. The initial one was purely Romantic. The German romantics with Goethe in charge created Greece from nothing, and in fact the Greek flag is the Bavarian flag, while the second reason is tied to the geopolitics of the cold war, where the Slavs and Greek agencies managed to put in power in the most pro-western nation in the Balkan, Albania a dictator of the likes of Kim Jong, Enver Hoxha. The CIA tried many times to regain the Call Option where Wilson invested enormous political capital but to no avail. Thus was born Yugoslavia of the Cold War and the mighty Greece. Yugoslavia received close to 100 billion, though it must be said that they used it far far more wisely than the Greeks, by becoming the Third Academy in the world after US and USSR, and strong at every sport and discipline. But eventually the debts that they accumulated along with the lunatic who started butchering everyone in the Balkans brought that to an end. Greece does not understand that with the change in geopolitics, the Germans will go to their nature ally in the region, primarily Croatia and Slovenia. With the disintegration of Yugoslavia and Bulgaria in NATO, there is no need to pay 300 billion so the Greeks can jerk off all day long. This is just the beginning of the German century.
How rich is Bulgaria now, after all those reforms ? How do Bulgarian citizens live (those who are still in the country, I mean) ? I do remember Bulgaria having troubles keeping the lights on...
Bulgaria had difficulties keeping the lights on because of the lunatics that ran it for 45 years as the rest of the Balkans, slowly they are rising however, and psychologically ironically those people are far tougher than the Greeks why will see what it is like to be isolated. Let them have their will and we'll see how this works out. I can't believe people are supporting this moron along with the other one who calls meetings in Brussels as if he's freaking the center of the world. Not even Putin who commands one of the largest arsenals in the world speaks in that fashion. These idiots who run Greece are of the worst kind. Unfortunately the populace will suffer as always so that this cocky bastard can keep himself in power.
You had 25 years already to get rid of the legacy of the previous 45, and the situation is worse now. You are light years behind Greece economically, so better take care of your own garbage (which was swept quite nicely under the EU rug). Here's a question for ya: in those 25 years since the fall of communism, how many years did Bulgaria have a balanced budget ? I thought so... and that, my friend, is exactly why you're next in line !
Light years behind Greece ? That's because you haven't been reading at all what I said. Greece was artificially propped up. The converging line of the standards of living in the Balkans is Croatia, and Greece soon will be below that first before it attempts, if it is psychologically fit to go above. With 300 billions that were spent for Greece the EU could have created a Marshall Plan for the Balkans (which is in the talks by the way, and will happen as soon as the relevant parties bury the hatchet and move on).
As far as the years it takes to clean up the communists one needs to look at the US, where they eventually ended up winning the war by commanding what you so comically call "regulatory bodies", printing thousands of regulations eventually creating a system of homeostasis. This is a long term war and those who were exposed to it directly have a long road to get rid of the bolshevik scum.
You said "Light years behind Greece". Greece is worse than Puerto Rico. Closer to Detroit. Bulgaria is moving ahead. Greece is far from hitting bottom. Bulgaria actually has factories that manufacture durable goods that people want to buy.
The Bulgarian has trounced your inane arguments, in which you rationalize your pre-conceived notions and prejudices. You had the opportunity to learn but you squandered it. Your sitcom snarky gotchas are not impressive without the laugh tracks. You are a perfect example of a brainwashed fat ugly American. Not the only one, by the upvotes. Even handicapping himself by making his case in English, he has proven you a buffoon, which was inevitable since his IQ is probably half again higher than yours.
Ignorant people wish to make Tsipras into a populist folk hero. He is just another scheming scumbag socialist. We won't have to wait long for that scalawag's true legacy to be revealed. Shortly, he will be more popular with you than with his own people.
We are living in an economic glass house and you wish to throw stones at Europe? They have only mimicked our sick system, and will recover from it sooner. The Bulgarian has more history and facts in a single paragraph than probably your entire written output of a lifetime.
Yeah, whatever... What exactly is Bulgaria manufacturing, other than pickles ? I suggest you keep quiet while the Americans are pony riding you, in your own country... By the way, Greece has much more history under its belt than Bulgaria, so what's your point?
If I recall accurately, Bulgaria has seen four governments in the past two years. Situation is far from good. Am I right?
If America had a far more democratic multi-party parliamentary system, we would likely have had even more governments.
what a load of BS. The Communists havent been in power in Bulgaria sicne 1990. Ho many years is that? et Bulgaris is getting worse, NOT better. Bulgaria survives on the money sent by the Bulgarians who live outside of the country. I am Bulgarian and I livd in Bulgafrias under the EU rule. The ONLY time Bulgaria didnt have homeless people and beggers on the street was under Communism. Slowlly you are rising? What idiots! Russia wanted to pay Bulgaris money for transit of the Russian gas and the Bulgarians had to refuse because Uncle SAM told it so. Oh yeah us Bulgarisn are SO smart indeed.
Once a Bai Ganyo, ALWAYS a Bai Ganyo, eh?
I lambasted a poster earlier in the threat for being stupid but in your case I am not sure if it's massive stupidity or just a wilful effort to deceive.
Greeks were building the Parthenon when your ancestors were eating berries walking the steppes still not erect. Yes, yes, Goethe and the romantics created Greece and their flag is not their own, and this is the fourth Reich's century while still a US controlled protectorate 60 years after the war ended. Got it. PMSL.
"Late Friday night a solid blow was struck for sound money, free markets and limited government "...
What a load of horse shit! Greece's PM has been negotiating for more handouts so he can keep giving out free goodies to people that think retiring at age 58 is an f-ing hardship. Please.
If they were retiring as late as age 58 they wouldn't be in as much trouble as they are now.
Probably true, but may totally underestimate the problem in the USA or Greece.
There should be Term Limits for those making a career out of ruining government, laws, tax law, and Constitutions. Plus we know the network extends to courts and medical treatments since money can be supplied to Strategically Position our Medical Reps, and we can offer free medical or Legal classes to recert the physicians & Judges.
Martin Armstrong wrote a piece that comes to mind.
Anyway why not mandate retirement from federal government employment when say 25 years is made, military, civilian, judges, lobbying, lawyers, bankers, whatever.
And we would have to build on that. If you work at (almost said wank at) the FED or TBTF, then that would count at Federal or National Service... and we want you out to keep our system safer, to keep our system run by new people, to keep our employees not as corrupt, and to disperse the power among other people who are also young.
Does that make sense.
Old people set up power networks and establish empires within the government. But that is just part of it. Revolving doors, banks groom people to work in governments and internationally. As Martin Armstrong points out here:
http://www.armstrongeconomics.com/wp-content/uploads/2012/03/looking-beh... (Page 4, shown as page 2)
Don't ever underestimate what the EU/ECB/IMF and every other banker will do to right this ship immediately and anyone or anything that stands in their way will rue the day. These people are not your average run of the mill man/woman on the street types - these people are driven by pure unbridled greed who must be in constant control of their 'fix' at all costs. Not totally unlike your low life crack head, heroin addict or meth addict. The elites aren't warm blooded humans - they literally have ice in their veins. They have no fear other than losing their grasp on absolute control of their domains - ABSOLUTE CONTROL.
@CHC you are right.
I don't know why the Press or Voters listen to these blood suckers.
Well yes I do. Any Communist Party will be suppressed and if you criticize these guys you are made out to be a communist/socialist/enemy.
Plus after WWII the adults in the USA pulled together in unity and completely trusted the US Government which was secretly forming spy networks, spy institutions, european networks of nazis and fascists, and we all know where that leaves us today.
Bankers & Lawyers are blood suckers. And now they took over Europe through the EU, ECB, Troika. And yet we are supposed to believe they never play hard ball for money, career, self promotion, cronyism, and Bonus money.
Even they are not gods.
http://www.brainyquote.com/quotes/quotes/l/lordacton409908.html
Why are ppl against Germany is absurd, especially some comments at ZH, while Krugman, Stiglitz and the happy QE crowd is in the same direction, putting ZH commentators and these lunatics on the same side, absurd. Germany didn't even want to do QE and was forced to accept this BS from US. Greece can either get its act together or leave the union the message is pretty clear. No more subsidies, the same subsidies that have kept NY and the SF metropolitan areas accumulating massive capital (human etc) at the expense of the rest of the country, while some people have become disproportionately rich by producing nothing. If anything I see the move to take down the Confederate Flag in such a rush as a fear not of Greek will, but of German one.
Do you know why the USSR failed ? Because it was based in the clearing system. Here you go Bulgaria some heavy machinery, while you give me Russia grain, even though I have plenty of grain but I have to buy it anyway for geopolitical purposes. Eventually that system collapsed, there was no comparative advantage and the west rolled in without firing a shot. Russia learned its lesson and instead of centralizing everything through Moscow, it seeks trade unions. So did the west, which is why they tried to block it by taking Ukraine on the other side at which point Russia had to show its hand.
Germany is doing the same thing. No need to have a bunch of whiners that just weigh you down.
That's good thinking, considering that you're gonna be next...
Keep dreaming.
It's the reality. You are the one dreaming at European unicorns, and the wake up will be brutal... Incidentally, the Greeks were even more delusional a couple of years ago...
Sure, according to you what's the solution ? Let me guess, Russia ?
Looking for a solution? Try educating yourself.
I did not understand one paragraph you wrote.
I understand I am a sort that likes details so that the topics and subjects are narrowed down.
At least one person apparently knows what you said here.
Other theories about the fall of the USSR are available. Surely the US targeted them financially, acted to bribe Soviet Officials, the people created a culture of trying to break out to the west, the system spied on domestic people as a threat in a perverted system of control, plus there is no sense of purpose in the Soviet system, why should you create something or invest your energies into a system that kills it's own people sending them to Gulags? In a capitalist system of free enterprise you get to take interest in something that is yours, money flows then represent good will and good feelings and happiness.
"In riding the central bank bubbles to unconscionable riches the big axes in the casino have falsely claimed to be doing “gods work”."
In defeating the USSR, the USA had people saying "that is it. We defeated communism, so we can now do what ever we want. The people will not chose communism, communism is dead. The people will support us no matter what we do even if it is monopolies and anti-trust."
The moment the Wall Came down in East Germany, the USA was in peril.
"the west rolled in without firing a shot".
I thinl you've a very poor reading and understanding of History.
Could be: Jupiter has just exited America's 8th House (debt & phony-money); while transiting Pluto opposes the USA natal Sun. Hi-Ho Buckaroos.
You can understand now why these parasitic scum remain defiant. Whether it's Greece this week or next month or Spain or Italy this year, this house of ill-repute is coming down.
Drughi & Yellen and the whole Motley Crew of Welfare Queens will have many sleepless nights in Fiat La La Land.
I want to start a new Genre of porn or comix that features the faces of Dragi, Juncher, Van Rumpoy, Lagaurde, Merkel, Conrad Adneneur, Goebles, Helmut Kohl, Rajoy, Janet, Billery, Paulson, Blankfien, Jamie, and Geithener.
Is that wrong?
Am I wrong to want that?
You know with TPP, TTIP, TISA, TAA, TAP, Tap-out that we will lose that right in a year or so. Censurship.
I'm still reading this piece by Stockman.
Just want to pose a question to ZH:
How did Karl Marx or Marx/Engles know Capitalism Corruption so well?
A. He lived in a Jewish Section of housing/community where the talk/discussion was open about all the tricks
B. Western Capitalism/Business Practices were well known, known to use slaves like labor/apprentices/children/Impressment/Sales of their own population into bonded slavery in order to fix the price of labor/sell off resources in people as well as natural minerals & lumber
C. Marx hung out where Brokers & Businessmen were at leisure and he listened to them, asked them direct questions, and they willingly told him about banking, power, capitalism
I mean doesn't it seem like there is a blackout on Karl Marx and how he got his information which turned out to be so accurate. I guess he was a Jew, so is it just that he was in the community and heard it all??
I need more than a "Yes" here. Thanks in advance.
When these animals get cornered, that is when they get most dangrous. They will start a war, assasinate a leader, blow up a building or two...
Well, they've been doing that for a long time now, my friend.
and GOOD ON YOU, VLADIMIR PUTIN, unspoken but implied reason behind the outbreak of diarrhea in Brussels.
The shows not over until the Bloated EU sings.
TPTB have not given up on Greeece. Right now I suspect they are trying to bribe, coerse the Greek military to get involved. Also there is plenty of reason to believe the sheeple of Greece will vote Yes at Sunday's election. Either way Tsipra can walk the walk. If the sheeple want to have their pensions reduced to allow the Greek Government to pay the banks back their usurious loans, then thats their choice ( uninformed as it may be) on the other hand if they say No, Tsipras will have the upper hand and it will be up to the EU to make the next move.
some how I have a sneaking suspicion the EU/Troika will give in and come up with some lame, obscure offer that papers over the default and makes the facade look like its fixed.
Max
The biggest problem I see is that all Western, actually virtually all advanced nations with the help of bankers and central banks are in on the current structure. I suspect the smart ones at the top understand how fragile it is and the consequences of failure.
I am not a conspiracy theorist and have little use for the typical ones that post. However, I do recognize the alignments of power and common interests. I do believe that at the extremes of the whole game unraveling there is nothing they will not resort to in order to keep the current order in power. They will leverage, mortgage, confiscate, lie, tax and even create conflict to survive. They believe they are worth many millions of us, our productivity, labor, and even lives. This is the core of elitism combined with statism.
Dude, it is David Stockman Article and no one is posting on ZH on a Monday Night?
WTF?
ZH has off days, Gray-haired Matinee times, Weekends, and Off Weeknights.
Obviously this is ZH at a low eb.
"Bond Street is the only street that runs between Oxford Street and Piccadilly in the West End of London. The street, consisting of two sections, has been a fashionable shopping street since the 18th century and is the home of many fashion shops that sell expensive items. The southern section is known as Old Bond Street and the longer northern section is known as New Bond Street—this distinction, however, is not generally made in everyday usage. Bond Street is one of the most expensive strips of real estate in the world[1] and, in 2010, it was Europe's most expensive retail location.[2]"
- Hey maybe Karl Marx hung out on Bond Street and in the Public Houses, just to pick up what the Business people where thinking, planning, conspiring, and doing
- Or well... Maybe Karl Marx was connected through his relatives, community, Temple, to London Capitalists. Because sure as gad dam shit, Karl Marx predicted the current US Business System!!
Spoken too soon?
The whole EU project is ego driven... no different to every war (hot, cold or financial) that has ever been fought... what amazes me is how the bullshit continues on in this Fiat currency, nothing is as it seems, upside down world.. Maybe the whole thing is a game/matrix of deception and the people are in a deeper sleep that we on ZH realise.
Regardless, I believe I woke from that sleep a year ago, got an alternative education on ZH and consequently got into gold bullion and now I want to give something back.
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The downside is it's more a mass education programme than marketing,,, because aside from ZeroHedgers the financial IQ out there is well down the trickle down economic cascade and those people need to be educated to get some AU!
I know there are lots of you out there that would love to get your hands on bullion and get the money to acquire it from actually helping some of the lambs lined up for the slaughter - We could actually be doing something worthwhile.
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