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The Care And Feeding Of A Financial Black Hole

Tyler Durden's picture




 

Submitted by Dmitry Orlov via Club Orlov blog,

A while ago I had the pleasure of hearing Sergey Glazyev—economist, politician, member of the Academy of Sciences, adviser to Pres. Putin—say something that very much confirmed my own thinking. He said that anyone who knows mathematics can see that the United States is on the verge of collapse because its debt has gone exponential. These aren't words that an American or a European politician can utter in public, and perhaps not even whisper to their significant other while lying in bed, because the American eavesdroppers might overhear them, and then the politician in question would get the Dominique Strauss-Kahn treatment (whose illustrious career ended when on a visit to the US he was falsely accused of rape and arrested). And so no European (never mind American) politician can state the obvious, no matter how obvious it is.

The Russians have that pretty well figured out by now. Yes, maintaining a dialogue and cordial directions with the Europeans is important. But it is well understood that the Europeans are just a bunch of American puppets with no will or decision-making authority of their own, so why not talk to the Americans directly? Alas, the Americans too are puppets. The American officials and politicians are definitely puppets, controlled by corporate lobbyists and shady oligarchs. But here's a shocker: these are also puppets—controlled by the simple imperatives of profitability and wealth preservation, respectively. In fact, it's puppets all the way down. And what's at the bottom is a giant, ever-expanding, financial black hole.

Do you like your black hole? If you aren't sure you like it, then let me ask you some other questions: Do you like the fact that your credit cards still work, or that you can still keep money in the bank and even get cash out of an ATM machine, or that you are either receiving or hope to eventually receive a pension? Do you like the fact that you can get useful things—food, gas, airline tickets—for mere pieces of paper with pictures of dead white men on them? Do you like the fact that you have internet access, that the lights are on, and that there is water on tap? Well, if you like these things, then you must also like the financial black hole, because that's what's making all of these things possible in spite of your country being bankrupt. Perhaps it's a love-hate relationship: you love being able to pretend that everything is still OK even though you know it isn't, and you wish to enjoy a bit more of the business-as-usual before it all goes to hell, be it for a few more days or another year or two; but you hate the fact that eventually the black hole will suck you in, after which point things will definitely... suck.

In the United States, so far the black hole has been sucking in individual families (although it does sometimes suck in entire cities, like Detroit, Michigan, or Bakersfield, California, or Camden, New Jersey). With the help of the fraudulent mortgage racket, it sucks in houses, and spits them out again encumbered with bad debt. With the help of the medical industry, it sucks in sick people and spits them out again, bankrupt. With the help of the higher education racket, it sucks in hopeful young people, and spits them out as graduates, with worthless degrees and saddled with mountainous student debt. With the help of the military-industrial complex, it sucks in just about anything and spits out corpses, invalids, environmental damage, terrorists and global instability. And so on.

But the black hole can also suck in entire countries. Right now it's busy trying to suck in Greece, but it's having a hard time with it, because Greece is, of all things, a democracy. This has the black hole's puppets in quite a state at the moment, and starting to clamor for “regime change” in Greece, so that Greece can be made to capitulate before the black hole gets hungry.

The way the black hole sucks in entire countries is as follows. If the black hole doesn't have enough to suck in for a period of time, it gets hungry and makes the financial markets go into free-fall. The financial instruments of countries that happen to be farther away from the black hole—out on the periphery—fall faster. In search of a “safe haven,” money floods out of these countries and into the “core” countries that are clustered tightly around the black hole—the US, Germany, Japan and a few others. The black hole gobbles up this money, but is then hungry for more. But since the periphery countries are now financially too weak to resist, they can easily be turned into black hole fodder. This is done by saddling the country with a foreign debt it can never repay, then forcing it to keep making payments against this debt by making it a condition for maintaining a financial lifeline—keeping the banks open, the ATMs stocked, the lights on and so on. To be able to make the payments, the country is forced to dismantle its society and economy through the imposition of austerity, to privatize everything in sight turning it into collateral for more loans, and to surrender its sovereignty to some transnational organizations, such as the IMF and the ECB, which are directly involved in the care and feeding of the black hole.

Who is in charge of all this? you might ask. If all there is is the black hole, the puppets charged with its care and feeding, and its hapless victims, then who is making the decisions? Well, it turns out that the black hole is sentient. But it is also very, very stupid. And the way is enforces its will is by destroying the minds of its puppets—by making them unable to understand certain things. However, stupidity is a double-edged sword, and in enforcing its will in this manner the black hole also thwarts its own purpose.

For example, some time ago the black hole happened upon a rather large item it wanted to suck in, but couldn't. The item is called Russian Federation. It controls a huge territory that is full of all sorts of natural resources the black hole would love to turn into loan collateral and suck in. The problem is that it is full of Russians, who are a difficult people for the black hole's puppets to deal with. They keep telling the puppets to please keep their toes on the other side of that red line over there, and if they don't then click goes the safety on their guns, precluding further discussion.

 

This situation calls for negotiation, but the black hole, which, as I mentioned, is very, very stupid, has just one negotiating tactic. It makes its demands, and then waits for the other side to capitulate. If that doesn't work, it applies pressure: imposes sanctions, attacks the currency, complicates financial transactions, arrests the country's foreign assets and so on—and waits for the other side to capitulate. And if that doesn't work either, then the country gets bombed to rubble by NATO or, if NATO doesn't want to come along, by the US alone. That generally works, but in the case of Russia it doesn't. But the black hole, if you recall, is very, very stupid, so it keeps trying anyway. As it does, the minds of its puppets get really warped, to a point where they don't understand what's going on at all.

 

For example, everybody knows by now that pressuring Russia doesn't work: according to Newton's Third Law, every action produces an equal and opposite reaction, and Russia is big enough that pushing it doesn't cause it to move at all—it just causes whoever is pushing it to hurt themselves. It's like trying to shift the Earth's orbit by jumping off a chair while keeping your knees locked—which is a good ploy if you are clamoring for medical attention. In fact, the Russians are rather grateful for the sanctions, because now they have a reason to finally get serious about investing in domestic economic development and self-sufficiency. But the puppets, having had their minds warped by the black hole, cannot see that, so they just keep pushing, wrecking their own economies in the process.

 

Since the sanctions don't work, it is time to exercise the military option. Doing so requires concocting a casus belli—a reason to go to war. The black hole does this by hallucinating: Russia invaded Crimea!—sure, a few hundred years ago, and has been there ever since, most recently based on an international agreement, but never mind! (Oh, and legally Crimea was never actually made part of the Ukraine because Nikita Khrushchev botched the paperwork when handing it over.) OK, never mind that, but then Russia invades the Ukraine!—on every day that has the letter “D” in it, but it's very sneaky and withdraws its troops before anybody can snap a single picture of them there. OK, never mind that either, but then Russia is poised to invade Estonia, Latvia and Lithuania, and maybe Poland too. Invade how? You mean like take a bus to the music festival in J?rmala? Consider it done, but the festival is already over and the invading music fans are back home. OK, never mind that either. But the puppets keep saying “Russian aggression!” over and over again. It's the brain damage caused by proximity to the black hole. Look at this poor guy, for instance. He keeps flapping his lower jaw, going “Russian aggression! Russian aggression!” while trying to self-soothe by fondling the rump of his imaginary pet cow. God help him.

Back to the real world: the poor puppets are unable to understand that there is no military option when it comes to Russia: it's a nuclear power with an excellent strategic deterrent, a well-defended territory, and no aggressive intentions against anyone. But the puppets, with their warped minds, cannot see that, and so they pile various kinds of obsolete military junk along Russia's borders, and are even threatening to bring into Europe the entirely obsolete Pershing medium-range nuclear missiles. They are obsolete because the Russians now have the S-300 system with which to shoot them all down. The military option just isn't going to work, but don't tell that to the puppets—they cannot absorb such information without sustaining further neurological damage.

Back to Greece: tiny Greece certainly isn't mighty Russia, but it nevertheless refused to capitulate to the demands of the black hole. It was asked to completely wreck its society and its economy as a condition for maintaining its financial lifelines from the IMF and the ECB. Most inconveniently for the black hole and its puppets, Greece is not some obscure “third world” country peopled by dark-skinned people you wouldn't want your daughter to marry, but a European nation that is the cradle of European civilization and democracy. Greece managed to elect a government that tried to negotiate in good faith, but the puppets don't negotiate—they demand, threaten and cause damage until they get their way—or until their heads explode.

This one will be interesting to watch. If the black hole does succeed in sucking in Greece, then which country is next? Will it be Italy, Spain or Portugal? And, as that process continues, at what point will enough people say that enough is enough? Because when they do, the black hole will shrivel up. It's not a real black hole that's made up of incredibly dense matter—so dense that its gravitational field traps even light. It's a fake black hole, made up of everyone's combined greed. It has greed at its core, and fear all around it, and it sustains itself by feeding on fear. If it can continue sucking in people, families and entire countries, it can keep the greed at its core alive, but if it can't, then the greed will also turn to fear, and it will shrivel up and die. And I hope that when it dies all of its brain-damaged puppets will snap out of it, realize how deluded they have been, and go find something useful to do—farm sheep, grow vegetables, dig for clams...

 

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Tue, 06/30/2015 - 21:18 | 6256531 Newsboy
Newsboy's picture

Ya don't have to do nothin special for a black hole.

Hell, you almost can't kill the things.

Tue, 06/30/2015 - 21:23 | 6256547 TeamDepends
TeamDepends's picture

What if it only identifies as an NAACP black hole?

Tue, 06/30/2015 - 21:37 | 6256599 serotonindumptruck
serotonindumptruck's picture

Are you describing an anus?

Tue, 06/30/2015 - 22:22 | 6256696 Captain Debtcrash
Captain Debtcrash's picture

This post is entertaining, and much of what it says is accurate, but one thing we should not do is make Russia out to be some kind of protagonist.  Russia is not the “good guy”.  The American homogony has many flaws and is responsible for some pretty horrible things, but if that homogony was under the Soviets it would have been worse. 

There is a monetary shift coming, but China nor Russia will be a savior.  The hope should be that America finds its values not that they are knocked off the purch by China and the Russians, even if at first it would be nice to see some retribution. Frankly I think we’ll all be surprised at how the shift actually goes down.

Tue, 06/30/2015 - 23:43 | 6256744 chisler
chisler's picture

Well thats an opinion. Speak to a Russian and the opinion may be the opposite view. Frankly many are beginning to question your, and I assume its a "patriotic" opinion. People dont even believe the 911 accounts and there is much evidence is suggesting that the US is eating itself from within.

Wed, 07/01/2015 - 01:00 | 6257050 Buckaroo Banzai
Buckaroo Banzai's picture

There's plenty of corruption inside Russia. But the USA has become like the USSR in that the entire governing system has embraced a mathematically-impossible financial paradigm that will lead inevitably to collapse. Putin, having seen a collapse first hand, at least knows not to fuck with the math.

Wed, 07/01/2015 - 02:39 | 6257149 pretty bird
pretty bird's picture

I just don't see a collapse.  You bitches be crazy.  Word to your mother.

Tue, 06/30/2015 - 23:13 | 6256825 DanDaley
DanDaley's picture

Homogony? Do you mean hegemony? Just asking.

Wed, 07/01/2015 - 01:11 | 6257063 Ralph Spoilsport
Ralph Spoilsport's picture

Definition of HOMOGONY: a condition of having one kind of flowers with the androecium and gynoecium of uniform relative length —opposed to heterogony

Definition of HEGEMONY 1 : preponderant influence or authority over others : domination <battled for hegemony in Asia>

Wed, 07/01/2015 - 06:15 | 6257314 Captain Debtcrash
Captain Debtcrash's picture

Tragic autocorrect.

Wed, 07/01/2015 - 08:52 | 6257647 marathonman
marathonman's picture

In light of recent Supreme Court decision I thought it was an appropriate Freudian slip.

Tue, 06/30/2015 - 23:15 | 6256829 ThirteenthFloor
ThirteenthFloor's picture

Russia has managed to keep its identity and it's country, something the USA lost a long time ago. The US is the force that keeps the black hole alive...I dream of the day when the black hole's plug is unplugged....on that day man will feel somehow freer than he does today

Wed, 07/01/2015 - 05:59 | 6257297 new game
new game's picture

lost to imigrants since viet nam, the 60's was the beginning of the curse, culminating with nixon. the fiat orgy began in full tilt spending and corporate influence. the course is set: crash ahead...

it is inevitable, it must happen, too many idiots, usefull idiots and the majority complete useless eaters making up the whole goddamn mess called human usa edifce of shitheaded dolts...

go out and look around and you shall see...

Wed, 07/01/2015 - 07:56 | 6257518 FXD
FXD's picture

Having spent tons of money on propaganda in the Internet, TV and press Russia has created an imaginary world in which it is somewhat morally superior to the "Rotten West". This is all smoke and mirrors as we will all witness when Russia finally runs out of money the next year.

Wed, 07/01/2015 - 17:07 | 6259603 datura
datura's picture

I will tell you the difference, Russia is not a "good" guy, Russia is just a normal guy. While the USA is a crazy fanatical puppet guy feeding a black hole. Thats a big difference to me. No one says that Russia will (or even wants to) save the world, however, they are very determined to save their own skin, like all sane people would be, and you can bet that Russia will save Russia (like they always did during their terrible history). Thats enough for them. If the collapse of the world economy comes, even China will have bigger troubles than Russia, because Russia has been positioning itself to become more and more self-sufficient, prepared for anything - little state debt, even little corporate debt, boosting their own food production, many Russian people can still grow their own food and sew their own clothes. And they buy gold. (And for the very worst case build many huge nuclear tunnels). They are very tough and self-sufficent people. This is the only example that you should take from them. They dont want to impose any political or cultural issues or anything on anyone, trust me. They do not want to be any kind of example for anyone. They just want to be themselves and be left alone and they would be entirely happy with that. They are just a normal guy, who defends, what is his own and has the will and force to defend it. I wonder why so many people still dont get this? 

Thu, 07/02/2015 - 06:59 | 6261386 EddieLomax
EddieLomax's picture

Too right, there is a lot wrong with the US, but the alternatives of Russia and China are just two more centrally planned states, it take a belief that government always knows best to believe they will prosper in the long run, and government knows best is socialism.

Those sort of regimes can only look good if we are doing something even worse.  Today Russia does look better in many ways then us, they don't have an ethnic problem with all the violence that produces, and they are not building up massive debts.  But they do have a political system that takes the resources and capital of the country and spends it on unproductive things far beyond the amount needed for security.

I hope the west gets a revolution to throw off the current fiscal insanity, and the cultural suicide of multiculturalism, that would make us again great nations.

Wed, 07/01/2015 - 14:15 | 6258980 garypaul
garypaul's picture

My two cents:

I thought the article was an excellent analogy. The only part with which I would differ is that I think the 'black hole' is not imaginary or made of greed, but a very real foundation to our capitalist system. Since it is a conceptual system it doesn't have any particular puppet masters, just adherents. It is the most powerful human organization system created thus far, so of course it can and will sweep aside other cultures. But now that it is running out of 'fuel' there are huge problems ahead (the law of diminishing returns).

PS. I don't think Russia is being portrayed as a 'good guy', just that they are a target of the 'black hole'.

Thu, 07/02/2015 - 00:31 | 6261012 doctorZH
doctorZH's picture

The black hole is the inverse (the mirror image) of the white hole.  Out of time, they are the same thing.  The white hole spews matter into the material world (eating antimatter in the anti-universe); and the black hole spews anti-matter into the anti-universe (eating matter in the material world).  The white hole becomes the black hold and the black hole becomes the white hole.  This suggests the eternal nature of the process, a kind of cosmic hoour-glass.

The whie hole provides the matter to build the material universe; the black hole provices the anti-matter to build the anti-universe.  From our eathly perspective, the white hole lasts 18 years, transforming itself into the black hole which endures also for 18 years; then the black hole essentially turns upside down and inside out, transforming back into the white hole.  The inside of the white hole is the black hole; and the inside of the black hole is the white hole.  In j1983, the white hole effect began again on earth as the expansion (material expansion ) principle, expanding the world through 2001, at which time the white hole expired and became the black hole, the principle of death of deflation of the material world.  2019 is the projected time for the current black hole to transform again into the white hole, to re-create the material world.  (There are many other larger and smaller cycles beside this 36  year cycle as well, but this 36 year cycle is primary for the Earth.)

 

In Greek mythology, the white hole is represented by Jupiter-Zeus, the black hole by Saturn-Kronos.  Saturn is the father of Zeus, so the myth about the Father attempting to eat his son (the younger generation) and the Father's overthwor by the Son is emblematic of this process.

 

2019 is the 'end of the world' (armorgeddon) -- but it is also the beginning of the next world.  The world dies and is born at the same time.  The Old World dies and the New World is born.  Most times we do not even know that has happened.

 

The Old Testament describes the recreation of the world; the New Testament describes the destruction of the world; and the Book of Revelations is the place where all thee forces meet (father, Old Testament - Son, New Testament -- and Holy Spirit (the recently crucified Son prepareing for reincarnation) -- this is the idea of the trinity.

Tue, 06/30/2015 - 21:22 | 6256543 Oknowwhat
Oknowwhat's picture

Scientist now think there is a black hole at the center of EVERY galaxy.  I am starting to understand that finance is no different.

Tue, 06/30/2015 - 21:30 | 6256571 disabledvet
disabledvet's picture

That energy still has to exit somewhere.

"Wall Street makes it simple: your ship now costs 13.5 billion of the money you print and if you want that ship you have to pay for that."

No problem with the clarity!

And guess what...if the money is no good then neither is the debt.

One look at the "Russian Example" (15% on a ruble) says to me "that's your black hole."

Tue, 06/30/2015 - 21:25 | 6256552 ebworthen
ebworthen's picture

"And what's at the bottom is a giant, ever-expanding, financial black hole."

Yes, summoning another Hell on Earth.

Hang the bankers!

Tue, 06/30/2015 - 21:33 | 6256584 disabledvet
disabledvet's picture

The. Bankers don't want war with Russia...

Tue, 06/30/2015 - 22:31 | 6256690 booboo
booboo's picture

"Do you like the fact that you have internet access, that the lights are on, and that there is water on tap? Well, if you like these things, then you must also like the financial black hole, because that's what's making all of these things possible in spite of your country being bankrupt."

Dmitry must like his black hole too, I mean that effort to crowd fund his sail boat engine had to be funded electronically with that U.S. Dollar unless Bostonians boat shops take fruit loops, essays and rubles in trade.

Other than that I enjoy his writings but the hate americaNS gets a bit much, look, we are for the most part like the russians, go to work, raise the kids, make love and eat, so lighten up Francis. We just have a hard time adjusting to Russia being the sensible one in this sordid affair afterall, killing 60+ million of it's own citizens in the last century does not make for fast reconciliations but than again, if you ask an american they probably wouldn't fucking know where russia was on a map anyways and would probably guess that Darth Vader or Godzilla was the biggest mass murderer so you get a pass on that one too.

Wed, 07/01/2015 - 01:49 | 6257111 Nobody For President
Nobody For President's picture

I really can live just fine without internet access, my lights are on because I have 27 solar panels and a killer Outback system, an have been off the grid for 40 years, and my water is on tap because I just ran my water line today, cleaned out the spring box and drained the lines to get the silt out, and changed the filters (that I have a significant stock of.) You are stuck in a box of your own making.

Make a different box.

PS - It is really hard to get off the grid - I had a dozen friends tell me I was crazy to leave my 'good job' in the city and move to the country in 1970.

Now, the ones still alive, get it.

Tue, 06/30/2015 - 23:42 | 6256884 daveO
daveO's picture

It seems like they do. I thought they were going to get it going last July, but Europe didn't bite on the plane shoot down.  

Wed, 07/01/2015 - 05:03 | 6257258 Tall Tom
Tall Tom's picture

The. Bankers don't want war with Russia...

 

 

The Bankers do not care if it happens. In fact they do want it as they BELIEVE that they will profit...even if it kills hundreds of millions if not billions.

 

Even World War II was not a just war and staged FOR PROFIT.

 

John Rockefeller PROVIDED OIL throughout the ENTIRE WAR to the NAZI WEHRMACHT. Ford Motors and General Motors used the slave labor at Dachau to manufacture armored vehicles for the WEHRMACHT throughout the ENTIRE WAR.

 

You ought to READ War is a Racket by Smedley Butler and understand that all WARS are ECONOMIC and staged so that BANKERS and INDUSTRIALISTS PROFIT.

 

ALL OF THEM.

 

Bullshit. Bankers want war, always.

Tue, 06/30/2015 - 21:25 | 6256553 blindman
blindman's picture

"it is only an abyss." a. dimele

Tue, 06/30/2015 - 21:26 | 6256559 windcatcher
windcatcher's picture

The fate of Greece is the fate of the USA and all other nations under the octopus of bankster criminal debt, fraud and chaos.

Criminal activity must be framed as criminal activity and therefore the solution has to be framed in how do we break the criminal stronghold and bring the criminals to Justice for their conspirator criminal activity and repudiating the criminal debt.

We should be examining how to prosecution the bankster fascist (merger of multinational corporate monopoly with government) criminal cabal and review professors Black, Chossudovsky, Hudson and Gavin Marshall research into the criminal cabal activities.

I am a 71 year old student that has been following the maneuvers of the American bankster fascist most of my life. The EU was designed, financed and implemented by the criminal banksters and their shadow government of the Council on Foreign Relations. The banksters CFR activities are well documented over the last 60 odd years in plotting Treason against the USA and implementing the fascist New World Order. Selling debt as wealth is their weapon.

Do gold bugs really believe that the criminal banksters are going to lose control of the gold market in the USA? Today, the currency is fiat but the BRICS gold backed currency of tomorrow will set a new gold standard. The bankster criminals stole all the USA gold when we went off the Gold Standard. The criminals loot, pillage, burn bridges and destroy as they move forward so that there is no way back. The bankster criminals via Emperor Obama decree will confiscate the gold in your teeth.

In my opinion, it will take a violent revolution to bring the criminals to Justice, until then, we are all victims.

 

Tue, 06/30/2015 - 22:26 | 6256708 WernerHeisenberg
WernerHeisenberg's picture

There is something inside the black hole controlling the puppets, an all seeing eye, rimmed with fire.  We shall not name it, but it has an operator's manual full of protocols.

Tue, 06/30/2015 - 23:45 | 6256715 chisler
chisler's picture

Well, I hope a few of the "well informed" ZH bloggers (who shall remain nameless) read your post. Some think they can alter the course of history and or predict the future by simply posting a patriotic opinion. To them they should understand that not everything they think is true. As Nassim Taleb will tell you the "black swan" flies by night and it lands upon those who doubted its very existence. 

Wed, 07/01/2015 - 06:19 | 6257317 new game
new game's picture

the tap root is fiat money created and molded into debt servitude for its masters. that in one statement is the crux of the black hole. until that changes nothing changes. money pegged to a tangible asset that is displayable to the common man. verifiable and observable like a museum.

gold stacked and on public display. no secrecy. any forberance is verifiable. politicians become public servant again. laws are upheld via verification.

but then there is temptation, ha humans weakness - tuesdays burger...

Tue, 06/30/2015 - 21:27 | 6256560 epicurious
epicurious's picture

There are black holes on both sides of that red line.

Tue, 06/30/2015 - 21:27 | 6256561 q99x2
q99x2's picture

Let the banks implode. I ain't scared and I don't want the government to do a goddamned thing for me.

Tue, 06/30/2015 - 21:35 | 6256596 disabledvet
disabledvet's picture

Sales taxes, income taxes, excise taxes, property taxes...oh, yeah! Livin the Dream!

Tue, 06/30/2015 - 22:58 | 6256791 newworldorder
newworldorder's picture

Someone has to pay for the things that go -BANG.

Tue, 06/30/2015 - 21:36 | 6256597 Implied Violins
Implied Violins's picture

All I know about black holes is that we are on the horizon of an event...

Tue, 06/30/2015 - 23:36 | 6256871 Mr. Frosty
Mr. Frosty's picture

I see what you did there, nice word play.

Tue, 06/30/2015 - 21:46 | 6256618 red1chief
red1chief's picture

It is ATM, not "ATM Machine".  How can you have an Automated Teller Machine Machine?

Tue, 06/30/2015 - 22:07 | 6256669 Bollixed
Bollixed's picture

I've got a hot water heater, does that count?

Tue, 06/30/2015 - 22:47 | 6256770 bonin006
bonin006's picture

You wasted your money. No need to heat hot water.

Wed, 07/01/2015 - 02:11 | 6257126 Ace006
Ace006's picture

Touche.

Tue, 06/30/2015 - 22:40 | 6256748 Ima anal sphincter
Ima anal sphincter's picture

FedEx Express

Tue, 06/30/2015 - 22:55 | 6256783 tool
tool's picture

Good to see you got something useful from the article. Your contribution to the discussion is appreciated.

Tue, 06/30/2015 - 22:58 | 6256790 JuliaS
JuliaS's picture

Newspeople like to say, “Police have responded to an emergency situation.” No they haven’t. They’ve responded to an emergency. We know it’s a situation. Everything is a situation.

- George Carlin

Tue, 06/30/2015 - 23:16 | 6256832 DanDaley
DanDaley's picture

Situation is one of the most overused words of the last 20 years. 

 

Now, everything is perfect. Would you like cream with your coffee? Perfect. Your dog just died? Perfect.

Tue, 06/30/2015 - 23:46 | 6256892 daveO
daveO's picture

Oh really? That's terrific!

Wed, 07/01/2015 - 07:23 | 6257443 NoPension
NoPension's picture

Fundamentally.

Thats the one I can't stand.

When I hear a comment started with "fundamentally " , I want to punch something.

Tue, 06/30/2015 - 21:50 | 6256627 Hohum
Hohum's picture

Debt is a bad thing.  However, no exponentially increasing debt, no industrial civilization.  The machines do not pay for themselves.  Ready to adapt?

Tue, 06/30/2015 - 22:22 | 6256700 Hohum
Hohum's picture

To the junker (so far): You have faith, but what else do you have?

Tue, 06/30/2015 - 23:12 | 6256808 JuliaS
JuliaS's picture

By your logic, we'd not have any blood if it weren't for mosquitoes and leeches.

What bankers have done is they hijacked progress right at the turn of the century when oil was becoming the dominant energy source. As a result instead of letting producers of goods and providers of service enjoy unbelievable deflation and 100x rise in the purchasing power due to oil doing all the heavy lifting, they tricked everyone who's not yet been exposed to exponential productivity growth to accept the mandate of price stability. So, while everyone else stayed pretty much the same place they were back when horses pulled buggies around, a selected group of people in charge of money and credit became wealthier than all of the other people combined while doing no productive work whatsoever.

The banks pocketed all 100 years of industrial progress that managed to develop in spite of all of damaging interference from the financiers.

Tue, 06/30/2015 - 23:51 | 6256903 daveO
daveO's picture

Thank you! They siphoned off production and created two bloody world wars in the meantime. 

Thu, 07/02/2015 - 18:06 | 6263971 layman_please
layman_please's picture

absolutely brilliant observation. thanks!

Tue, 06/30/2015 - 21:52 | 6256634 loveyajimbo
loveyajimbo's picture

A fine example of a particularly inept and craven puppet of the Black Hole is our own black A-hole... Bath House Barry

Tue, 06/30/2015 - 22:06 | 6256665 gwar5
gwar5's picture

Very nice dark and scary Black Hole introduction and comparison. Should have known it was Dmitry Orlov before I clicked. Great analogy, he nails it. And you can dance to it, so I give it a 10.

Sadly, the usual members of the Academy will still be confused because they still don't know how to classify the fusion of Doom Porn and Documentary genres.

 

Tue, 06/30/2015 - 22:06 | 6256666 Monetas
Monetas's picture

Financial black hole .... kind a rayciss .... negro prostitute sounds better !

Tue, 06/30/2015 - 22:32 | 6256726 Atomizer
Atomizer's picture

They are repeating Puerto Rico uprise . Rebranded terrorist group called the FALN 

Hillary Clinton Exposed, Movie She Banned From Theaters Full Movie

http://m.youtube.com/watch?v=1mYW5nmS9ps

Long video. Worth watching, you decide.

Wed, 07/01/2015 - 01:07 | 6257055 Buckaroo Banzai
Buckaroo Banzai's picture

I already decided. Don't need to watch no stinkin movie telling me shit I already know.

Tue, 06/30/2015 - 22:32 | 6256728 brodix
brodix's picture

When you are talking billions of people, it's not politics, it's physics. Everything is a bubble. Life is a bubble.

 It's like riding a bicycle. You keep moving forward, or you fall over and eventually you will fall over. The alternative is to never get on.

Tue, 06/30/2015 - 22:37 | 6256745 cowdiddly
cowdiddly's picture

Well to sum up the article in a word that was used over and over ...... "It Sucks"

Now, was'nt that easier?:

Tue, 06/30/2015 - 22:39 | 6256747 zeroaccountability
zeroaccountability's picture

Noooooo!  There's a TURTLE at the bottom, amiright?  You thought you had me!

Tue, 06/30/2015 - 22:52 | 6256776 bonin006
Tue, 06/30/2015 - 23:09 | 6256817 JuliaS
JuliaS's picture

 "When top level guys look down they see only shit. When bottom level guys look up they see only assholes."

Wed, 07/01/2015 - 06:33 | 6257341 Arnold
Arnold's picture

Discworld, some elephants involved.

Tue, 06/30/2015 - 23:07 | 6256811 bthunder
bthunder's picture

"... Russian Federation. It controls a huge territory that is full of all sorts of natural resources the black hole would love to turn into loan collateral and suck in. The problem is that it is full of Russians"  - WRONG!  The entire Far East for all intents and purposes is occupied by the Chinese.  Moreover, when the Chinese workers show up as they have in a number of African countries, they set own chinese towns and never leave. When they show up in large numebrs to build the gas pipelines, there will be Chinese-dominated towns and provinces in the Far East.  In 1960s Russia and China almost had nuclear war over a tiny island.  This time, of course, there will be no war, as  China will simply roll into Russian Far East with its own "little green men" while Puti-poo is busy fighting in Europe.

"Sergey Glazyev—economist, politician, member of the Academy of Sciences, adviser to Pres. Putin—say something that very much confirmed my own thinking. He said that anyone who knows mathematics can see that the United States is on the verge of collapse because its debt has gone exponential."

Maybe so, but the Fed will print $$ and everything will end relatively peacefully.  Peopel will lose some of their wealth- so what?  People lost more wealtjh in 2000 and 2008 crashes.  Even Zimbabwe did not totally collapse, you think the USA will?  

On the other hand, if you know 3rd grade arithmetic (that's even simpler than math for those who don't know)  you can see that the russian population (as in ethnic russian, orthodox christian and white non-mongol race) of Russian Federation has been in freefall for almost 20 years!  In 30-35 years ethnic russians wil lbe a MINORITY in their own country.  The total population has been growing thanks to turks, tatars, yakuts, chukchi and other non-russian, non-christian people who have 5-10 children.   Russian males have life expectancy 59 years! 10 years less than 30 years ago!  AIDS, alcohol, drugs, stress, pollution in the air and watyer is killing everyone, but unlike muslim population ethnic russias refuse to reproduce.

Hey, Orlov, check this out:  all the hottest Russian chicks work as strippers and escorts in USA, Europe, and Dubai.   Seems like the Russian males (those few that still can "get it up") don't want to fuk the ramaining (i.e. ugliest) chicks that are still in Russia.  I understand,  I wouldn't fuk them too.  Puti-poo desperately needs to absorb ethnic slavs from ukraine, otherwise the ethnic Russians in Russia will be overrun by mongols and muslims!

 

Tue, 06/30/2015 - 23:10 | 6256819 Jack Burton
Jack Burton's picture

"For example, some time ago the black hole happened upon a rather large item it wanted to suck in, but couldn't. The item is called Russian Federation. It controls a huge territory that is full of all sorts of natural resources the black hole would love to turn into loan collateral and suck in. The problem is that it is full of Russians, who are a difficult people for the black hole's puppets to deal with. They keep telling the puppets to please keep their toes on the other side of that red line over there, and if they don't then click goes the safety on their guns, precluding further discussion."

+1,000

That is by far the best and most elegant explaination of the war on Russia. Why the hate and the war mongering. The above quote is perfection! It's all about the Western Banker elites NOT getting to rape that country for profits, because the people refuse to hand over their nation. Read it and remember it, it is THE reason behind all the fucking crazy war mongering and color revolutions.

Tue, 06/30/2015 - 23:16 | 6256834 Jack Burton
Jack Burton's picture

The Black Hole, is just another word for a well known banking group, who through history have learned to live without work. They don't farm, they don't mine, they don't manufacture, they don't advance economic development. They BANK! And via the Banks, they are the black hole that uses the current Washington power structure to attack and capture assets for looting.

Black hole, a good term. But we really do know who that is, right?

Wed, 07/01/2015 - 00:09 | 6256922 daveO
daveO's picture

I agree, except for the 'through history' part. There was a time when they weren't allowed to live parasitically. 'They' have renamed that time the 'Dark Ages'.  

http://en.wikipedia.org/wiki/Usury

Henry the 8th opened the door just one year after leaving the Catholic church in 1534. They've been blowin' bubbles ever since. 

Tue, 06/30/2015 - 23:18 | 6256842 August
August's picture

Mr. John Mearsheimer (co-author of The Israel Lobby and US Foreign Policy) recently published an article, the title and content of which will surprise few ZHers:  "Why the Ukraine Crisis Is the West's Fault" 

To me, the pleasant surprise lies in the publication in which the above article appears:  "Foreign Affairs";  it's not even behind the paywall:  https://www.foreignaffairs.com/articles/russia-fsu/2014-08-18/why-ukrain...

I'd surmise that the US elite is now openly walking back their whole, depraved Ukraine adventure. One hopes so.

Wed, 07/01/2015 - 00:11 | 6256955 daveO
daveO's picture

I'd say, they've cooked up another scheme. They won't ever give up on controlling Russia.

Wed, 07/01/2015 - 00:04 | 6256936 MedicalQuack
MedicalQuack's picture

To keep the puppets going, you have to use some "news rigging" so they stay on course as well.  This is really getting bad on what we see in the news as the media companies are hanging on to dear life with the advertisers they have left that pays some bills, so they will not carry the whole truth and nothing but the truth on those companies for sure. 

The journobots are now so sophisticated they can crank out a "knock off news story" in a matter of minutes and have it posted.  Ever wonder why all the news look and says the same anymore?  Of course there are some good jounalists out there and we look for them of course as what else will the jounobots feed off of?  I'd rather have 10 stories written by 10 different human jounalists than the bot mania we see out there today.

http://ducknetweb.blogspot.com/2015/04/news-rigging-has-arrived-astroturf-and.html

 

Wed, 07/01/2015 - 00:19 | 6256970 Prober
Prober's picture

"United States is on the verge of collapse because its debt has gone exponential"

More fantasy, idiocy, stupidity and propaganda - it is pervasive and ever-gushing, like monsoon rains, especially among the PM wackos and anti-America zealots.

The key fact that all these USA-must-crash-immanently wanna-be's do not understand or accept is that the immoral & corrupt WADC regime OWNS ALL of the income of ALL the entities, ie individual, corporate and institutional, resident or chartered in the usa.

That means that the WADC regime can confiscate as much of both the earnings and the assets of any and all of the entities under its power to raise as much revenue as necessary to pay the regime expenses, and FED-crushed interest rates on the national debt, for MANY, MANY, MANY DECADES yet to come.

As a result, the immoral corrupt WADC regime will be going strong for generations yet to come, not just mere years.

 

Wed, 07/01/2015 - 01:53 | 6257112 Troy Ounce
Troy Ounce's picture

 

I agree but they can't confiscate or buy "trust". That's finite, in big demand and getting scarcer by the day. And when it is gone...

 

 

Wed, 07/01/2015 - 02:22 | 6257135 reader2010
reader2010's picture

Math is math and it dont lie.  When interest payment grows faster than what it comes in, its orgy no moar. 

Wed, 07/01/2015 - 03:09 | 6257174 Wild E Coyote
Wild E Coyote's picture

fantasy, idiocy? 

I am not sure. I have seen this happen in ASEAN way back in 1998. 

The key to success of Black Hole to suck in ASEAN was the free floating currency. Malaysia escaped damage mainly because it implemented currency controls. 

China learned it back then and thus refused all advice to float the RMB. once bitten twice shy. 

Thus the Black Hole has turned against the US and is preparing for the eventuality. US is being bankrupted. The end is not far. Idiots like you will suffer the most. 

 

 

Wed, 07/01/2015 - 00:32 | 6257004 onmail
onmail's picture

And  at the same time they have declared themselves as promoters of extreme immorality i.e. gays, lesbians, bisexuals & transexuals.

The civilization thrives on morality , thats the ancient wisdom. 

And those who rent it asunder , they have written their doom themselves,

as the agents of devil, borne from the lake of fire below.

----

AND I SAW A BOLD FACE , GLEAMING WITH PRIDE,

ITS NAME WAS SHAME  - Pilgrims Progress.

Wed, 07/01/2015 - 04:16 | 6257229 PhoQ
PhoQ's picture

...and your whore mother.

Wed, 07/01/2015 - 01:45 | 6257108 Troy Ounce
Troy Ounce's picture

...Greece is not some obscure “third world” country peopled by dark-skinned people you wouldn't want your daughter to marry...

Come on, Dmitry. With these comments you are no different that stupid,greedy,uneducated puppets.
It is not the skin. It is the culture.

Wed, 07/01/2015 - 03:03 | 6257171 Wild E Coyote
Wild E Coyote's picture

What? Culture. I agree more about skin color, because I know yellow skinned people fear brown skin and Brown skinned people also feel aversion to Black skinned people. 

Wed, 07/01/2015 - 03:16 | 6257186 wildbad
wildbad's picture

Excellent piece Dmitry!

USA is where USSR was in '89 but the citizens are in a much more dependent state than the average Russian back then.  They are thoroughly incapable of dealing with hardship and are disconnected from all life sustaining necessities once the just-in-time delivery cartels break down.

Warped minds indeed, those that are whistling past the supermarkets.

Wed, 07/01/2015 - 03:21 | 6257190 Batman11
Batman11's picture

Compound interest always was an exponential function.

Today's rock bottom interest rates slow thing down a bit, but an exponential function always charges off to infinity at some point.

New money can only be created from debt at banks and the banks charge compound interest on their loans.

The whole financial system was designed to fail at some time in the future.

It looks like that time is now.

 

Wed, 07/01/2015 - 04:04 | 6257210 BoPeople
BoPeople's picture

Very good article and IMO, very close to the truth.

But then again, I am a believer that it is likely that Satan (under whatever name and heritage you give him) is alive and well and living under a mountain in Switzerland. He comes out of course, but, while being a being of fire (energy) his primary earthly abode is under the mountain. Odd how Switzerland is the center of banking control and also able to remain neutral in wars, and provides the Pope with the Swiss Guard ... well, maybe not so odd.

He actually tried giving the world some degree of autonomy, if only it would follow his rules, stay in disarray and limit its technological development. (I think it likely that his forces were weakened during the air battles that occurred over Basel and Nuremberg in the mid 1500s ... look it up) and because of that things got a little out of control and other influences worked on the earth. Now his power is once again consolidated and he has decided that he has given the world a fair chance and whatever was supposed to happen did not, so he is changing the rules again (recall the Barry O statement to the same effect).

Satan has powers at his disposal that most people refuse to recognize exist, even though they give lip service to the Bible and other partially intact historical works. Most people won't even acknowledge that Satan does or can exist. In my belief system, most of those who know he exists are his servants ... those the author calls the back hole's puppets. The Rothschilds reportedly set a place for Satan at their dinner table.

What is more likely, a non-sentient black hole whose actions are coordinated over multiple generations because "that is just the nature of the world, greed and people" or an intelligent being at the core, directing the world and the puppets that he has dominion over.

Puppets indeed.

Wed, 07/01/2015 - 08:08 | 6257550 d edwards
d edwards's picture

what obamao is doing is the "Detroit-ification" of the US plain and simple.

Wed, 07/01/2015 - 04:18 | 6257233 PhoQ
PhoQ's picture

Had dinner with Satan once. He smelled really bad and I asked him to leave.

Wed, 07/01/2015 - 08:02 | 6257538 learning2
learning2's picture

Check out "Illuminati Wife Tells All" in 4 parts (Download before they remove this too...it happens all the time. IF removed then others can re-upload.).

https://www.youtube.com/watch?v=S8ly0c0_Rnk

AND



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Tor is free software for enabling anonymous communication. The name is an acronym derived from the original software project name The Onion Router. Tor directs Internet traffic through a free, worldwide, volunteer network consisting of more than six thousand relays to conceal a user's location ... en.wikipedia.org/wiki/Tor_(anonymity_network)

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PASS THIS AROUND BEFORE YOU'RE UNABLE TO DO SO.

Wed, 07/01/2015 - 09:19 | 6257729 WhyWait
WhyWait's picture

+100!  A keeper!  A hoot!

"In fact, it's puppets all the way down."   <lmfao>

 

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