This page has been archived and commenting is disabled.

All Hail Our Banking Overlords!

Tyler Durden's picture




 

Submitted by Chris Martenson via PeakProseprity.com,

You really have to be paying attention to see what’s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything -- though you'd never know that by listening to the media.

Consider this:

Eurozone backs €7bn bridging loan

Jul 16, 2105

 

Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.

 

The loan is expected to be confirmed on Friday by all EU member states.

 

In another development, the European Central Bank (ECB) agreed to increase emergency funding to Greece for the first time since it was frozen in June.

 

The decisions were made after Greek MPs passed tough reforms as part of a eurozone bailout deal.

How generous of the finance ministers of all those EU member states to agree to a “bridge loan” that will help Greece "keep its finances afloat". This should provide the people of Greece with a bit of breathing room, right? Maybe access to their bank accounts (finally!), perhaps?

No, not at all. Here’s what the entirety of the “”loan”” will go towards instead:

The bridging loan means Greece will be able to repay debts to the ECB and IMF on Monday.

Ummmm…that “money” will not ever go anywhere near Greece.

This is all merely electronic window-dressing for entirely esoteric bookkeeping purposes. Servers will blink at one location in Europe as digital 1s and 0s are transmitted to another. The electronic balances at the ECB and the IMF will change, but not much else.

The people of Greece will see none of it. Nor will they see their bank accounts unfrozen.

This act of banker "largess" is, of course, of, by, and entirely for the bankers. It has nothing to do with Greece or its people, about whom the banker class cannot care less.   

But, they hide this disdain under and increasingly thin and condescending veneer of graciousness. Take, for example, the recently-announced 'generosity' of the powers that be -- that is, the banking powers that be -- which will permit the long suffering depositors to…*cough*…deposit more money into the banks:

Greece: Banks Can Reopen ... for Deposits

Jul 17, 2015

 

Greek banks will reopen Monday after a three-week closure, the country's deputy finance minister says, though withdrawal restrictions will stay in place. Bank customers "can deposit cash, they can transfer money from one account to the other," but they can't withdraw money except at ATMs, the official says, and a withdrawal limit of 60 euros ($67) a day will stay in place, he said, though Greek authorities are working on a plan to allow people to roll over access to their funds so that if they don't make it to a bank machine one day, they can take out 120 euros the next day.

 

Yeah, depositing more money into the Greek banking system is exactly what all 12 remaining Greek idiots are clamoring to do...everybody else just wants their money back, thank-you-very-much.

Obviously, the only rational response of anybody in Europe watching this charade of theft continue would be to sell gold, right? (which has happened vigorously ever since the Greek crisis began) Because, you know, nothing says “confidence” quite like selling your gold so you can then park that money in a bank that may not let you withdraw it again.

Of course, we here at Peak Prosperity hold to the view that everything, and we mean everything, in our ””markets”” is stage-managed. And that especially includes gold. The central banks are demanding and commanding complete fealty to their story line, no exceptions tolerated.  We are at that all-or-nothing moment in history when everything either works out perfectly or it all falls apart.

Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future..

And why is that important? Because the banking system needs ever more loans in order to survive.

Why do we slavishly feed a banking system that is rapacious, insatiable and always threatening calamity whenever it doesn’t get exactly everything it wants, when it wants it? That is a question nobody in power is willing to address.

Why not? Because there's no good reason to do it -- unless you're a bank, or one of the many proxy agents (like politicians) receiving kick-backs from the banks.

We have a banking system that feeds on the blood, sweat and tears of the public. But the public's collective output is no longer ‘enough’ to subsidize everything that central planners have promised. So with a stagnating/shrinking pie – surprise! – the group that writes the rules, the banks, has decided that they should be the ones to get as much of it as possible.

Naturally, this will not work for very long.  History is replete with examples why it can’t.  Just consider the root meaning of “bankrupt” which has an interesting history:

The word actually comes from Italian banca rotta, a broken bench (not a rotten one, as the false friend of Italian rotta might suggest — it’s from Latin rumpere, to break). The bench was a literal one, however: it was the usual Italian word for a money dealer’s table.  In his dictionary, the great Dr Johnson retold the legend that when an Italian money trader became insolvent, his table was broken. 

(Source)

To “break the banker’s table” means to smash the money lender’s physical place of business after they have taken or lost all of your wealth.  It’s speaks of an act of anger by the betrayed. And that’s where the banking system finds itself again and again over time, for the exact same reasons all through history -- today being no different in anything but scale and complexity.

Conclusion

You have to read past the headlines today because they quite often say exactly the opposite of what’s actually happening.  Like today’s description spinning GE’s 2Q, $1.38 billion earnings loss as a 5% rise in profits.

The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam.

Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral.  But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.

That’s what has just happened in Greece. And expect it to happen increasingly elsewhere, as Charles Hughes Smith and I recently discussed in this week's excellent Off The Cuff podcast.

If you had asked me ten years ago if there was any chance of Greece becoming a failed state within a decade, I would have said ‘No, no chance.’  But here we are. In ten years, I suspect, we’ll be marveling over all the other failed states as the rot proceeds from the outside in. Again, Charles does a wonderful job articulating why in his recent report More Sovereign Defaults Are Coming.

There’s simply too much debt and too little cheap oil for there to be any other trajectory to this story. Boneheadedly, our leadership is so out-of-touch that their best response to this set of predicaments is to sacrifice the populace of an entire developed nation (for generations to come) just to keep the status quo stumbling along for a bit longer.

We need to all prepare for the inevitability that, as the rot proceeds, the people of Greece will not be the only casualties of the banks' attempts at self-preservation. They'll try to throw all of us under the bus before taking any losses themselves.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 07/18/2015 - 09:17 | 6326750 pot_and_kettle
pot_and_kettle's picture

It's now spelled * Heil * and is accompanied by appropriate salute and crisp clacking of heels.

God help us all...

Sat, 07/18/2015 - 09:22 | 6326760 LoneStarHog
LoneStarHog's picture

Cost effective solution for Banksters and their political whores, and support recycling:  Use the bastards as speed bumps.  It requires less asphalt and makes speed bumps enjoyable.  Of course, it could cause traffic jams as people back up to take another run at the bump.

Sat, 07/18/2015 - 09:24 | 6326764 Looney
Looney's picture

This just in!

From Tsipras’ upcoming Tell-All memoir:

Dijsselbloem can flip his diaper inside out with his pants on and without touching it.

Merkel has a tattoo “Keep your friends close and your enemas closer”.

Draghi wears an orthopedic 7-inch hooker boot (left), although his legs and feet are perfectly OK.

Donald Tusk claims he and Donald Duck are cousins.

Lagarde and Varoufakis are… the same person.

Schauble pees standing-up.

Have a nice weekend, y’all! ;-)

Looney

Sat, 07/18/2015 - 09:45 | 6326782 texas sandman
texas sandman's picture

I hear Legarde has a tramp stamp of Chinese characters that says "Thank you.  Please come again".

Sat, 07/18/2015 - 09:53 | 6326791 y3maxx
y3maxx's picture

Question friends

  What country has food, water, and small population?

Can't eat  precious metals, Art,mansions etc.

   Can only eat food & water.

 

Sat, 07/18/2015 - 09:58 | 6326798 Jim in MN
Jim in MN's picture

What climate zone do you prefer?  Tropical or temperate? 

Sat, 07/18/2015 - 12:32 | 6327103 Uchtdorf
Uchtdorf's picture

From the article: "The word actually comes from Italian banca rotta, a broken bench (not a rotten one, as the false friend of Italian rotta might suggest — it’s from Latin rumpere, to break). The bench was a literal one, however: it was the usual Italian word for a money dealer’s table.  In his dictionary, the great Dr Johnson retold the legend that when an Italian money trader became insolvent, his table was broken."

So that makes Jesus Christ the original bank regulator. I love the stories of how he overturned the exchange benches of the moneychangers in the temple. 

Sat, 07/18/2015 - 16:07 | 6327598 Pairadimes
Pairadimes's picture

“I believe that banking institutions are more dangerous to our liberties than standing armies. “ -Thomas Jefferson

 

But I'm sure that this time it's different.

Sat, 07/18/2015 - 16:29 | 6327661 macholatte
macholatte's picture

 

 

In other news:

 

Real-life fight club: The models, marines and millionaires who illegally do battle on New York's underground fighting circuit

http://www.dailymail.co.uk/news/article-3166317/Real-life-fight-club-mod...

 

Sun, 07/19/2015 - 01:34 | 6328779 Oh regional Indian
Oh regional Indian's picture

Now that is weird shit. Some people might it call it a release, I say bullshit.

Our hands were meant for artistry, not savagery.

That said, three versions of the header...

1) All Hail our BO (Banking O's)

2) All Heil our BO (someone above said that).

My favourite:

3) All JAIL our BO....

Savegery or artistry, you decide...

https://www.youtube.com/watch?v=mxkHQXb5nDc

Sun, 07/19/2015 - 03:17 | 6328855 cookie nookie
cookie nookie's picture

Will the bankers give me a free FEMA trailer?  Will they pay for my healthcare?  Will they give me foodstamps and cable tv?  If so, then I would like to welcome them to the neighborhood.

Sun, 07/19/2015 - 09:41 | 6329225 J S Bach
J S Bach's picture

"... It is self-evident that where this democracy rules, the people as such are not taken into consideration at all. The only thing that matters is the existence of a few hundred gigantic capitalists who own all the factories and their stock and, through them, control the people. The masses do not interest them in the least. They are interested in them just as were our bourgeois parties in former times - only when elections are being held, when they need votes. Otherwise, the life of the masses is a matter of complete indifference to them..."

 

- Guess Who - 1940

Sat, 07/18/2015 - 22:12 | 6328437 turnoffthewater
turnoffthewater's picture

" The keepers of the system, that is the banking elites, now openly control everything -- though you'd never know that by listening to the media"

Live by paper, die by paper

Sat, 07/18/2015 - 16:29 | 6327660 McCormick No. 9
McCormick No. 9's picture

Right on Dieter. All wars are economic wars. Unless they are religious wars. Because economics and religion are the same. Think about it. By the way, good luck on the promotion. You deserve it.

Sat, 07/18/2015 - 18:28 | 6327946 hxc
hxc's picture

The first revolt against satanic keynesianized monetarists

Sat, 07/18/2015 - 10:09 | 6326816 realmoney2015
realmoney2015's picture

Kansas. Mississippi. Alabama. Iowa.

Wherever you live, you don't want to rely on overlords for food and water. You will have to grow and raise your own. You can cattle almost anywhere. You will find, however, that you will get a little tired of beef. This is where precious metals come in. You can trade your beef to your neighbor (who raises hogs, and you don't want pork, you want vegetables) in exhange for silver or gold. Then you can take that gold or silver to a different neighbor (who has a great orchard, but doesn't want your beef becuase he just bought a Hog that will last him a few weeks) and buy some fresh fruit. Of course you could always stash that gold or silver away and save up for a bigger purchase. You know that these metals will always be valued.

See how easy real money is?

Sat, 07/18/2015 - 10:32 | 6326862 Truthseeker2
Sat, 07/18/2015 - 16:52 | 6327718 Wary Hanger
Wary Hanger's picture

I'm on a TOFURKEY diet.

Sat, 07/18/2015 - 17:09 | 6327760 Skateboarder
Skateboarder's picture

Be careful son, you'll get dem man-tatties.

Sat, 07/18/2015 - 11:43 | 6327008 trulz4lulz
trulz4lulz's picture

I'll be in Michigan....bitches. Only one way in really. Good soil. Decent climate and a winter bad enough to kill most humans. Count me in.

Sat, 07/18/2015 - 16:30 | 6327662 McCormick No. 9
McCormick No. 9's picture

"Decent climate and a winter bad enough to kill most humans."

...I'm sorry, I'm confused.

Sat, 07/18/2015 - 11:50 | 6327026 monad
monad's picture

Our currency is our word. This is what the flag of Virginia means: Sic sempre Obamas.

Sat, 07/18/2015 - 12:09 | 6327064 ThrowAwayYourTV
ThrowAwayYourTV's picture

Chickens and Rabbits, baby. They don't eat much or take up a lot of room and you don't have to worry about storing 500 pounds of meat or a 600 pound carcuss to get rid of. Just saying.

 

Sat, 07/18/2015 - 12:29 | 6327098 realmoney2015
realmoney2015's picture

I agree. Plus farm fresh eggs are delicious. Rabbits are tastey as well. One downfall is that there are much more predators. Of course there are ways to protect them

Sat, 07/18/2015 - 16:46 | 6327704 847328_3527
847328_3527's picture

Field mice are a delicacy however you need a dozen or so just as an appetizer to a grasshopper stir-fry dinner with bright green dandelion blades ... mmmm!

Sat, 07/18/2015 - 17:05 | 6327749 general ambivalent
general ambivalent's picture

Be careful with rabbit if you have little other food. It has such low fat that a diet consisting of only rabbit leads to protein poisoning.

Sat, 07/18/2015 - 17:36 | 6327827 shovelhead
shovelhead's picture

Feed em bacon.

Sat, 07/18/2015 - 22:06 | 6328422 Implied Violins
Implied Violins's picture

Mmmm...I'd rather feed the rabbits to the pigs.

BACON!!! D'OH!!!

Sat, 07/18/2015 - 17:08 | 6327757 worbsid
worbsid's picture

Just don't name those chickens or rabbits.  Exception was my friend had a goat named 'Entre'.

Sun, 07/19/2015 - 06:40 | 6329004 StychoKiller
Sat, 07/18/2015 - 18:29 | 6327947 hxc
hxc's picture

It's almost like the Austrians are on to something!

Sat, 07/18/2015 - 15:24 | 6327482 delacroix
delacroix's picture

nicaragua

Sat, 07/18/2015 - 17:34 | 6327822 Rusty Shorts
Rusty Shorts's picture

Africa

Sat, 07/18/2015 - 16:11 | 6327602 WernerHeisenberg
WernerHeisenberg's picture

PLEASE do not come to New Zealand.  On paper, the population/land ratio looks good.  In reality, we have been Agenda 21'd to death and are becoming a land of urban renters while the $$$$$ farms are owned by overseas corps.  In 1840s Ireland, the Irish population was starved to death while exporting food to England.  I could easily see this happening here.

Sat, 07/18/2015 - 17:00 | 6327740 Wary Hanger
Wary Hanger's picture

I was thinking that Hy Brasil might be nice.

Sun, 07/19/2015 - 12:47 | 6329555 Ass Burger
Ass Burger's picture

Interesting article on Disney's "The Golden Touch" being FDR's anti-gold propoganda:

http://anolen.com/2014/09/23/walt-and-el-grupo/

Sat, 07/18/2015 - 10:32 | 6326860 quasi_verbatim
quasi_verbatim's picture

She's got it in Cyrillic script too. "I have ways of making you come".

Sat, 07/18/2015 - 17:37 | 6327828 palmereldritch
palmereldritch's picture

The only lexicon greater than the words Eskimos have for snow is the number of Chinese characters tattoo artists have for shit-for-brains.

Sat, 07/18/2015 - 22:51 | 6328542 Closet Boy
Closet Boy's picture

That's hot! I always wanted to bone that broad!

Sat, 07/18/2015 - 10:01 | 6326802 Jim in MN
Jim in MN's picture

Reposting my March 2013 guest post 'Frugality or Fragility' as it is relevant to the discussion of the global elite's depravity and its consequences.

http://www.zerohedge.com/news/2013-03-24/guest-post-frugality-or-fragility

 

Sat, 07/18/2015 - 09:59 | 6326800 realmoney2015
realmoney2015's picture

The Bansters have begun offing themselves (or they someone is killing them). When will that start happening for the politicians?

I don't think anyone should resort to violence to removes these leeches from our planet. It will only give them more reason to take more of our freedoms and rights. The way we win is to stop playing the game. We can't win at their game, because they make the ruls and change them as needed (see 2012 RNC video of the 'Ayes Have It')

The way we win is to disengage. I'm talking Jury nullification (bascally saying the law is stupid and shouldnt be applied). I'm talking civil disobedience. If they require national IDs and no one complies, what would happen?

Sat, 07/18/2015 - 10:48 | 6326899 ThrowAwayYourTV
ThrowAwayYourTV's picture

As long as people keep paying $40,000 for a car, the cars will always cost $41,000.

 

Sat, 07/18/2015 - 11:01 | 6326918 Crash N. Burn
Crash N. Burn's picture

"Cost effective solution for Banksters and their political whores, and support recycling:  Use the bastards as speed bumps.  It requires less asphalt and makes speed bumps enjoyable.  Of course, it could cause traffic jams as people back up to take another run at the bump."

 

Thanks for the belly laugh!

Sat, 07/18/2015 - 11:05 | 6326927 Captain Willard
Captain Willard's picture

The bankers are the accomplices of the politicians. They want to spend money they don't have and accumulate power in the process. Chris lets the politicians off too easily. 

Sat, 07/18/2015 - 11:38 | 6326989 Fun Facts
Fun Facts's picture

The politico class are underneath the money controller class on the org chart.

They are all owned, bought and paid for in advance [with bankster chump change].

Sat, 07/18/2015 - 16:47 | 6327706 847328_3527
847328_3527's picture

Much too costly. Just tie 'm to a tree and pour some honey over them...let the ants do the work for you.

Sat, 07/18/2015 - 17:02 | 6327745 Wary Hanger
Wary Hanger's picture

The entire ant population of planet earth shows up on my kitchen counter every morning. Save the honey, tie 'em to my kitchen counter.

Sat, 07/18/2015 - 22:10 | 6328427 Implied Violins
Implied Violins's picture

Good idea. Almost as good as starving rats and peanut butter, but probably less messy.

Sun, 07/19/2015 - 00:28 | 6328705 acetinker
acetinker's picture

Keep preachin' it Brother!  The hand that gives is above the hand that takes, always.

Sat, 07/18/2015 - 09:33 | 6326770 realmoney2015
realmoney2015's picture

"...and people are starting to catch on to the scam."

Thank God that they are. Silver has been flying off the shelves. Most people here at ZH have known for some time that their money is not safe in bank accounts. People that are just now waking up to the this fact (most likely because of the Greece fiasco), are feeling overwhelmed. They don't know how to protect their wealth.

My middle brother asked me last week what he should do. Here was my advice: get your cash out NOW!, buy lots of water, buy food with long expiration dates, buy a gun (I recommend a pump action 12 guage) and ammo. I could tell he wa scared for the not so distant future, so I sent him a candle with a silver coin (www.etsy.com/shop/ScentSavers).

Hopefully, when he holds his first silver coin it will cheer him up and get him started with his silver stacking.

Sat, 07/18/2015 - 11:43 | 6327007 StackShinyStuff
StackShinyStuff's picture

Here's hoping he listens.  At least a little.  

Sat, 07/18/2015 - 12:36 | 6327107 realmoney2015
realmoney2015's picture

Thanks! I do pray that he does. And I like your name, StackShinyStuff.  I called him a few days after telling him all this. He was a little overwhelmed and fearful. I told him a little fear is good. It will get you moving in the right direction. Start making small changes, like buying a gallon of water every time you go to the grocery store.

Here's how I started to save some cash: I made all of purchases with cash that I had from ATMs (all 20s). I would save all the change, 1s, 5s, and 10s. It helped reduce my spending because even a small purchase like some sunflower seeds meant $20 was gone from my wallet. Before long I had a nice stash of cash.

Sat, 07/18/2015 - 10:14 | 6326824 Jumbotron
Jumbotron's picture

Jesus busted bankers' tables 2000 years ago.

Sat, 07/18/2015 - 10:36 | 6326869 quasi_verbatim
quasi_verbatim's picture

"Break up, break up the tables of the good and the just". 

-- Freidrich Nietzsche.

Sat, 07/18/2015 - 17:04 | 6327747 Wary Hanger
Wary Hanger's picture

"Break Up to Make Up"

-- The Stylistics

Sat, 07/18/2015 - 11:37 | 6326995 Fun Facts
Fun Facts's picture

Funny how today 2000 years later the banksters are crucifying everyone.

Sat, 07/18/2015 - 12:09 | 6327066 Jumbotron
Jumbotron's picture

Yeah.....but none of the bankers of that day expected Jesus to show up either.

Also....no one expects the Spanish Inquisition.

Sat, 07/18/2015 - 13:08 | 6327158 Infinite QE
Infinite QE's picture

If Jesus showed up today, he'd be told to convert to goldman sachs.

Sat, 07/18/2015 - 09:20 | 6326753 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture

Correlation of BAA interest rates to real GDP from 1/1 of year shown to present:

 

1950       0.11

1960       -0.28

1970       -0.73

1980       -0.88

1990       -0.89

2000       -0.84

2010       -0.73

Sat, 07/18/2015 - 10:08 | 6326813 disabledvet
disabledvet's picture

Just looked up BAA rates currently because of this chart. Well over 5% now and have moved up a full basis point (1%) from their 52 week lows.

That actually seems pretty high to me...so indeed if this is a numerical description of precisely how the Banks have "won" since 1950 (the Baa is always greater than GDP) then it's a pretty good one.

5 percent is a steep interest rate for borrowing if you're a business...certainly goes a long way towards explaining why the huge boom in energy production etc still hasn't translated into a big jump in GDP.

Plus US Soveriegn debt was downgraded to AA I might add.

The fucking assholes still give us nothing on a savings account either.

Some prices have fallen though...which next to be jobless and homeless is I have to admit "pretty thin gruel."

I did see a Spanish Airport which the Spanish Government invested 2.1 billion in just sold for a hundred grand.

That's not a good thing.

Eurodollar rates are pretty much nil.

What the fuck is up with that Europe?

Sat, 07/18/2015 - 09:20 | 6326755 MathWins
MathWins's picture

Bwahaha  The ECB keeps "borrowing" money to Greece so they can repay their loans?  I'll have to tell my banker he's doing it all wrong.

Sat, 07/18/2015 - 13:32 | 6327230 monad
monad's picture

Skin Citizens United call that a reach around.

The Supreme Court has failed.

END PROGRAM

Sat, 07/18/2015 - 09:40 | 6326757 JustObserving
JustObserving's picture

The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam.

The scam has been going on since at least 2009 and people are starting to wake up now? Some would say the scam has been going on since the founding of the Fed (December 23, 1913).

Century of Enslavement: The History of The Federal Reserve

https://www.corbettreport.com/federalreserve/

Tsipras expels critics of EU austerity deal from Greek cabinet

Late Friday night, Greek Prime Minister Alexis Tsipras announced a cabinet reshuffle, expelling critics of the new, devastating European Union (EU) austerity package that Syriza is imposing as it negotiates a third memorandum with the EU on a bailout of the Greek state.

The reshuffle came after 32 of the 149 deputies from the Left Platform within Tsipras’ Syriza party voted against the EU austerity package in the Greek parliament on Wednesday. The new cabinet is due to be sworn in at noon today.

Nine ministerial portfolios changed hands in the reshuffle. One full minister and three deputy ministers were expelled from their posts. These included Energy Minister Panayiotis Lafazanis, a leading Left Platform member, deputy Labor Minister Dimitris Stratoulis and deputy Defense Minister Costas Isichos—all three of whom voted against the €13 billion EU austerity package in parliament.

http://www.wsws.org/en/articles/2015/07/18/gree-j18.html
Sat, 07/18/2015 - 09:43 | 6326781 joseJimenez
joseJimenez's picture

No! The SCAM started in 1913

Sat, 07/18/2015 - 09:51 | 6326790 Usurious
Usurious's picture

 

 

1694...BOE

viva la francis_sawyer!

Sat, 07/18/2015 - 10:24 | 6326844 disabledvet
disabledvet's picture

US money is a lot dirredentist than English money.

The USA.created a "Federal Government" in order to free itsel from the Tyranny of English Money. Look what we have as a consequence: 100 nuclear reactors, an interstate highways system, "Rocket Row", a few THOUSAND airports.

The "paranoid police State" has become a real problem though. Having a hard time finding that one in the Constitution.

That sounds pretty English...

Sat, 07/18/2015 - 11:46 | 6327012 StackShinyStuff
StackShinyStuff's picture

Whatever happened to that guy?  He was funny, as in I need a good rant on a Friday night Fight Club kinda funny.

Sat, 07/18/2015 - 09:56 | 6326793 sessinpo
sessinpo's picture

Actually it goes back hundreds of years. Why do you think every currency has failed as well as the economy and the empire?

This is nothing new under the sun. And history will repeat. One empire will die and another will be born if humanity survives. A few oligarchs will be gone, but new ones will take their place. The same will happen with governments and politicians. After all, someone has to rule the serfs. Not much will change. Just the names. Meet the new boss, same as the old boss.

Sat, 07/18/2015 - 11:01 | 6326919 Cloud9.5
Cloud9.5's picture

Collapse will also collapse the would be omnipotent, omnipresent state.  It really won’t make a diddly damn if you are one of the top bureaucrats in one of the alphabet agencies.   The source of your power, a government pay check and a government pension will be gone.  Your minions will disperse to the wind and your skill set is only marketable to tyrants. 

Chaos will usher in a period of absolute freedom.  Inevitably that freedom will be misused.  Warlords will rise.  Charlatans will abound.  Messiahs will offer deliverance.   At some point the Leviathan will be once again summoned to restore order. 

 

Between now and then, a lot of slates will be wiped and a lot of scores will be settled.

Sat, 07/18/2015 - 11:21 | 6326956 Miffed Microbio...
Miffed Microbiologist's picture

I found Ferfal Aguirre's book Surviving the Economic Collapse very informative how things will unfold. The 1% flee with the wealth and the rest resort to banging the banks with pots. Every class ratchets downward. The truly poor starve. If you don't have marketable skills, God help you. Crime explodes. Kidnappings for ransom, road blocks where you are trapped and organized gangs steal everything and beat you to death. Remote farmers hit too when they thought they were safe. Truly eye opening for me

Miffed

Sat, 07/18/2015 - 14:14 | 6327336 Cloud9.5
Cloud9.5's picture

Agreed a good read.  I found it interesting that people bartered with bits of gold chain.  That puts jewlery in a whole different light.

Sat, 07/18/2015 - 15:27 | 6327488 Radical Marijuana
Radical Marijuana's picture

Yes, Miffed, it was as practically impossible to prevent that as to become sufficiently prepared ...

Sat, 07/18/2015 - 11:31 | 6326979 viahj
viahj's picture

i believe that after this global nation state meltdown, we will see the era of megacorps ruling their respective parts of the world.  dystopia with a taste of BladeRunner.

Sat, 07/18/2015 - 11:34 | 6326986 Martian Moon
Martian Moon's picture

The Genetics of Politics by Stefan Molyneux

https://www.youtube.com/watch?v=HLlTW2Ie-_Y

Interesting take on this whole cycle

Sat, 07/18/2015 - 09:51 | 6326789 realmoney2015
realmoney2015's picture

I love that video. I have shown this to a few of my family members who were history majors. It has helped them to ubderstand what they learned in school was not the full story. It was full of half-truths or flat-out lies. End the Fed!

Sat, 07/18/2015 - 09:24 | 6326765 besnook
besnook's picture

the ponzi scheme does not rely on more suckers but more printed fiat. since there is an unlimited amount of fiat this game can go on until someone establishes a new ponzi scheme to compete with it, the brics bank. we are going to war to stop the apostates.

Sat, 07/18/2015 - 10:03 | 6326807 sessinpo
sessinpo's picture

besnook    the ponzi scheme does not rely on more suckers but more printed fiat. since there is an unlimited amount of fiat this game can go on until someone establishes a new ponzi scheme to compete with it, the brics bank. we are going to war to stop the apostates.

---

Actually, I do beleive it does require suckers. Otherwise, it wouldn't be necessary to print more. The important thing for them is to have more people dependent on them and that fiat. Brics or not, society was decaying regardless. It always comes to an end at some point. Nothing of man lasts forever.

Sun, 07/19/2015 - 06:44 | 6329013 TeethVillage88s
TeethVillage88s's picture

Think it was Nomi Prins that said Phase II was TBTF Banks getting our Deposits... Goes way back to Lehman who apparently asked if they could expand business to Deposits... TBTF Told the FED to shut them Down... then worked their own plan

- To cancel Glass-Steagal
- And throw Lehman under the Bus

FDIC is for Suckers?? I don't see that much Insurance or Reserves in Trust to Insure the USA for Bank Deposits/Savings Accounts.

- 2013 Total FDIC Trust Fund in Treasuries = $36.9 Billion + $18 billion in the DIF (Risky)
- 2013 Total National Credit Union Trust in Treasuries = $11.2 Billion

Sat, 07/18/2015 - 09:33 | 6326771 holdbuysell
holdbuysell's picture

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

- Lord Acton

Sat, 07/18/2015 - 10:08 | 6326778 Tribulation Blues
Tribulation Blues's picture

Never mind the economy folks... there is an asteroid coming in!

http://revelation12.ca

Turn back. Turn back from your worldly ways and walk with Me again. Turn away from those thoughts that urge you to seek wealth and prestige among men, for all these things shall soon count for naught. My children, you cannot see the destruction that is coming and the worldly treasures so many put their hope and trust in are soon to be of no value at all. Lay up treasures in heaven, where world events and disasters cannot affect them. Store the treasures My Word offers you, for its value shall not decrease. Do your good works now, whilst you can, for soon it shall be night where no man worketh.

Come, spend time in My presence, that I may show you what is to befall those who live on the earth.

Sat, 07/18/2015 - 09:45 | 6326780 bigkahuna
bigkahuna's picture

I NEED SOMEONE TO BEAT THE PRICE I FOUND HERE FOR ANY NATIONAL MINT. IF YOU CANT, JUST DOWNVOTE ME PLEASE.

If you can please reply with website. Also if you find a great deal on rounds, please reply with it.

Thanks ZH...

 

http://www.providentmetals.com/2015-silver-philharmonic.html

Sat, 07/18/2015 - 11:56 | 6327033 StackShinyStuff
StackShinyStuff's picture

https://www.golddealer.com/product/austrian-silver-philharmonic-1-oz/

 

No affiliation other than been buying gold and silver from these guys for 10 years.  Never found a better price.  I live in South Africa now and everything I ever bought from them is unfortunately sitting at the bottom of Moose Pond in Saranac Lake NY.  Tragic canoe accident.  

Sat, 07/18/2015 - 14:22 | 6327328 bigkahuna
bigkahuna's picture

Thanks!!! I agree with you, they have everyone beat for the things that they have in their inventory.

I need to stock up for my next sailing trip.

Sat, 07/18/2015 - 16:33 | 6327670 stacking12321
stacking12321's picture

jm bullion has them at 17.42, but no discount for qty

i check:

https://comparesilverprices.com/

which doesn't have all dealers, just some big ones

also sdbullion has them 17.34-18.24 depending on qty:

https://sdbullion.com/silver/austrian-silver-philharmonic/2015-austrian-...

apmex did have a special on ebay last night, rolls of 20 at 17.18 per, and free ship, but they sold out quick, ebay 141690083765

Sat, 07/18/2015 - 09:47 | 6326784 e_goldstein
e_goldstein's picture

Long .338 Lapua.

Sat, 07/18/2015 - 22:18 | 6328456 Implied Violins
Implied Violins's picture

Wow. Here I thought .308 would be good enough, but that .338 shit punches through body armor! I learned something tonight...

Sat, 07/18/2015 - 23:35 | 6328628 e_goldstein
e_goldstein's picture

at 1000 yards.

Sat, 07/18/2015 - 09:47 | 6326785 B2u
Sat, 07/18/2015 - 09:49 | 6326787 ThrowAwayYourTV
ThrowAwayYourTV's picture

And what better way to control and steal from the masses than to own the information they are fed.

 

Sat, 07/18/2015 - 09:56 | 6326796 Blopper
Blopper's picture

Why nobody ever mention the Rothschilds as the main cause of all these?

I don't think even Alex Jones mentioned about the Rothschilds.

Not even Lindsey Williams mentioning the Rothschilds, despite keep claiming he once worked for the old elite.

Sat, 07/18/2015 - 21:10 | 6328255 layman_please
layman_please's picture

AJ mentions redshields all right. he just never mentions the clan they belong to. might be he doesn't want to sleep on the couch as his wife is J-sh, but every child knows J doesn't equal Z, as well Z doesn't equal J, just ask joe biden.

Sat, 07/18/2015 - 10:00 | 6326803 MedicalQuack
MedicalQuack's picture

Banks certainly are to the point to where Obama has nominated a one time Goldman Sachs banker to run Medicare..pay attention here and ask your Senator to vote no.  He's the current interim head of Medicare right now..Andy Slavitt, who also worked for a number of years at United Healthcare.  He's also the same guy that Cuomo took down and the AMA sued for short paying doctors for  15 years.  They had a data base of customary out of network fees to use as a guideline and United on purpose low balled their contributions, and again it was their data base that all the other major insurers used and they got hit with lawsuits.  This is the same guy..

http://www.dailykos.com/story/2015/07/13/1401710/-Are-You-Up-For-a-One-Time-Goldman-Sachs-Banker-to-Run-Medicare

It doesn't get much better at HHS with Secretary Burwell and her Citi Bank lawyer she hired to help her over there.  Burwell is the six degrees of Bob Rubin too, she's a former director of his.  

News Rigging is here too, 60% of what you read in news today is written by bots.  I looked at the Nasdaq page of news, and unless I'm off base, all written by bots.  I use a free version of one of the bots called Narrative Science that tells me a story about my site's Google stats every week.  I signed up for it as I wanted to see how good it is and what kind of story it writes from plain old data.  

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

 

Sat, 07/18/2015 - 10:10 | 6326809 shouldvekilledthem
shouldvekilledthem's picture

Bitcoin is freedom! :)

Edit: Downvotes won't change reality. You can stack metals all your life, but only bitcoin can enable the demolition of this rotten system.

Sat, 07/18/2015 - 10:32 | 6326861 Pliskin
Pliskin's picture

An EMP, a power outage, a network breakdown, a broken HDD, a competent hacker, the NSA...none of these things can take my PM stash from me, sorry what were you sayin' about Bitcoin?

Sun, 07/19/2015 - 05:58 | 6328968 shouldvekilledthem
shouldvekilledthem's picture

The value of your PM stash is commanded by worthless paper.

I like gold but it won't make a difference.

Sun, 07/19/2015 - 06:11 | 6328982 Pliskin
Pliskin's picture

You might be right 'Shouldve' but I also have a hundred tins of peaches.  When TSHTF I can either eat them or throw them at would be invaders.  Win / Win.

Sun, 07/19/2015 - 06:29 | 6328996 Pliskin
Pliskin's picture

I'll put a can aside for you...just incase those Bitcoins don't work out too well...

Sun, 07/19/2015 - 07:43 | 6329082 shouldvekilledthem
shouldvekilledthem's picture

oh don't worry about me, I have my own cans.

Sun, 07/19/2015 - 06:08 | 6328978 shouldvekilledthem
shouldvekilledthem's picture

EMP - cannot kill bitcoin, it will affect every aspect of our lifes as everything depends on infrastructure.

Network breakdown - what do you even mean? the breakdown of the internet or the bitcoin network?

Broken HDD - Let me introduce you to the concepts of backing up stuff, and redundancy

Comptent hacker - well, people can rob your gold too

NSA - NSA is not god, while they can do a lot, they can't break strong encryption, and their influence is limited when it comes to a global decentralized network

Sun, 07/19/2015 - 06:25 | 6328995 Pliskin
Pliskin's picture

Look 'Shouldve' I appreciate it if you're a bitcoin hoarder looking out for your families future. Good on yer...but.

EMP - ALL the electricity goes off, I go down to the store with one of my 20g pieces and tell the store owner "I'll give you this so I can fill my suitcase with food"  He says "Yeh...O.K."  You go in and tell him "I promise to give you some Bitcoins when the electricty comes back on so as I can fill my suitcase with food" He says: "Get out!"

Network breakdown - See North Korea.

Broken HDD - Two years ago my HDD that I use to back up my shit went down, no probs I have a secondary back up device...that went down two days later.  I lost ALL my music and photographs.  It can happen...thankfully I didn't have any bitcoins saved to em, eh?

Competent hacker - This guy (Nerd) can sit at home in his mother's basement and rob you, if someone wants to rob my gold they have to get past me (I'm a big guy) even if I get my ass handed to me, they have to find the shit then...p.s. I don't keep it on my coffee table in the lounge!

NSA - True, they are not God, but I think you are underestimating them if you think they can't hack your or Bitcoins systems.  ANYTHING can be hacked.

Good luck with your Bitcoins anyway (Sincerely, no sarc) but don't be so cock sure of them, they aren't infallible.

Sun, 07/19/2015 - 07:44 | 6329064 shouldvekilledthem
shouldvekilledthem's picture

"Look 'Shouldve' I appreciate it if you're a bitcoin hoarder looking out for your families future. Good on yer...but."

Funny that you use the derogatory term of "hoarding", which is often used to insult gold bugs.

I save in bitcoin and precious metals too.

 

"I go down to the store with one of my 20g pieces and tell the store owner "I'll give you this so I can fill my suitcase with food"

You don't get it. If electricity and infrastructure will be down for prolonged times, there will be no stores and no stock. Weapons and ammo will be the "legal tender".

"Two years ago my HDD that I use to back up my shit went down, no probs I have a secondary back up device...that went down two days later.  I lost ALL my music and photographs.  It can happen...thankfully I didn't have any bitcoins saved to em, eh?"

 

Clearly you have no concept of redundancy and proper backup procedures. 1 backup is not a backup. Several backups stored on the same type of medium in the smae place is not a proper backup.

Good thing, built on the bitcoin blockchain, redundant, decentralized, encrypted cloud storage seems to be possible, although it's under development at this stage which will make backing up data a bit easier.

 

"This guy (Nerd) can sit at home in his mother's basement and rob you, if someone wants to rob my gold they have to get past me (I'm a big guy) even if I get my ass handed to me, they have to find the shit then...p.s. I don't keep it on my coffee table in the lounge!"

 

I've been owning and using bitcoin for 3+ years. I have not lost a single satioshi. It's all about common sense. If your wealth warrants it, nobody can steal your btc if you use dedicated devices and multisig.

I came up with robbing your gold, because its a perfect analogy. Everything which is valuable will be the target of criminals. An analog item requires "analog" criminals.

"True, they are not God, but I think you are underestimating them if you think they can't hack your or Bitcoins systems.  ANYTHING can be hacked."

Anyone who hacks bitcoin would make themself a fortune. It's quite telling that it has not been hacked in 6 years. ;)

I recommend educating yourself on the ins and outs of bitcoin.

 

"Good luck with your Bitcoins anyway (Sincerely, no sarc) but don't be so cock sure of them, they aren't infallible."

 

Thanks. In the universe we live in, every single thing is doomed to fail (entropy anyone?)

It's not about being pro-bitcoin or pro-gold. I own and value both.

It's just funny, that the anti-establishment, anti-fiat crowd here cannot grasp bitcoin (which is frictionless, but absolute, more than gold will ever be.)

Sat, 07/18/2015 - 10:38 | 6326877 ISEEIT
ISEEIT's picture

You poor thing....

Bitcoin is what teh politicians/bankers decide it is.

Gold/Silver IS.

Sat, 07/18/2015 - 11:11 | 6326939 NihilistZero
NihilistZero's picture

To be fair the politicians and bankers have manipulated gold to be a lot less "is" than it should be. It's all relative anyway. To paraphrase, "I can't eat a gold coin"...

Sat, 07/18/2015 - 10:42 | 6326887 Citxmech
Citxmech's picture

Have the Greeks been rapidly adopting BC en masse to jumpstart a real economy?  If BC won't or can't become a viable MAINSTREAM competing currency there, it just ain't gonna happen.

And by mainstream, I'm talking maybe 5-10% of commerce.

Sun, 07/19/2015 - 06:03 | 6328973 shouldvekilledthem
shouldvekilledthem's picture

It's a global system, countries and nationalities have no meaning. Going by the metrics of bitcoin forums and the bitcoin blockchain the userbase is steadily growing, so as its utility.

Bitcoin is not static and not a finished product though, hence it's not for everyone at this stage.

Sat, 07/18/2015 - 11:05 | 6326926 Ginsengbull
Ginsengbull's picture

What if CIAFBINSA supercomputers were assigned the task of mining bitcoins?

 

They could make billions per second.

 

Pay off national debt in no time.

 

If it sounds too good to be true, it probably is.

Sat, 07/18/2015 - 18:20 | 6327938 Global Douche
Global Douche's picture

This proves how fucking LITTLE you understand about Bitcoin, but you've never used it, spare reading up on it. It's easy enough to prove.

Let me school you a bit. Satochi was quite keen to that nonsense before he released Bitcoin 6 years ago. A difficulty algorhythm was placed in the publicly-available open source. Despite what you throw at Bitcoin, the Blockchain is designed to resolve a block around each 10 minutes. Throw boatloads of supercomputers at it, and the difficulty increases moreso. The difficulty is expressed in a numerical value.

Furthermore, Bitcoin is coded to generate no more than 21 million before being mined out in 2140. At this point, about 14.3 million, just over 2/3rd's of the all have been mined. Even if the former statement were true, you won't generate trillions from it. Tain't gonna happen, hoss.

No, it ain't too good to be true. No more than anyone under the illusion that our Status Quo with fiat garbage and electronic credits created from keyboards backed not even by thin air shall continue into infinity. History waves a middle finger vigorously at that, and more than once!

Sun, 07/19/2015 - 06:05 | 6328976 shouldvekilledthem
shouldvekilledthem's picture

Seriously, the commenters of ZH represent the stuipidity of the commons.

I'm not surprised that our world is fucked, most people are really this stupid.

Sat, 07/18/2015 - 12:15 | 6327070 JD59
JD59's picture

Bitcoin also known as shitcoin, is one power grid failure or EMP from worthlessness. poof your money is GONE MF! LMAO at this psyops FED NWO shitcoin.

 

Physical gold, silver, lead, brass, steel, rice, beans, clean water, heatlh, and a clear mind with some coffee is priceless forever!

Sun, 07/19/2015 - 06:04 | 6328974 shouldvekilledthem
shouldvekilledthem's picture

Educate yourself please. An uncorruptible database is priceless as well.

Sat, 07/18/2015 - 10:08 | 6326814 apberusdisvet
apberusdisvet's picture

The safest place in the USA if you are worried (foolishly) about an ISIS attack would be Wall St; you don't think that the CIA would bite the hand that funds all of the black ops and launders its drug money, do you?

Sat, 07/18/2015 - 10:09 | 6326815 T-888
T-888's picture

Man who go to bed with itchy butt hole, wake up with stinky finger...

Greek who deposit money in bank wake up with IOU!

Sat, 07/18/2015 - 10:20 | 6326837 MedicalQuack
MedicalQuack's picture

I forgot to mention that paying "cash" for your prescriptions now is getting to be somewhat of a hassle too as you get one star and are marked non compliant with taking your medications too.  This is a secret score that you can't see or get,but is generated every you fill a prescription.  If there's not enough credit card data to track that you have been filling your prescriptions, you are now labeled an "Outlier"...great stuff right?  I had a pharmacist bend my ear 3 nights over this as they too get graded on how may "Outliers" they have and they "must" bring these one star people up to more stars.

Again the "stars" are the medication adherence scores you can't see or have access to but the pharmacists have to work it with their data, so paying cash makes their lives miserable. The pharmacist wanted to bring this out, not that they will not do their job, but to let people know what's going on.  It's all about their pay for performance in finding "Outliers" in a flawed system.  

Where did such systems originate...well let's go back to the guy that's nominated to run Medicare by Obama..none other than Andy Slavitt who ran Ingenix, now called Optum Insights, which is a subsidiary of United Healthcare..that's where all this came from.  

http://ducknetweb.blogspot.com/2015/07/patients-who-pay-cash-when-filling.html

Express Scripts post I did that dings you on 300 metrics that have nothing to do with taking medications makes this pretty clear.  I even went back and dug out of my own archives where Express Scripts about 3 years ago put this medication monitoring system in from "Ingenix"...this is a must read of "excess scoring" in the US.  If you want to find out about that "secret score" you get every time you fill a prescription, this is it.  Most kind of shun this as it's depressing and I can understand that, but again here's the impact of the bankers.  Remember, they want these purchases on credit cards so they can mine and sell that data..oh yes you are for sale as insurer buy up these medication adherence scores and use them to help determine your risk when figuring out what your premium will be. 

http://ducknetweb.blogspot.com/2015/06/medication-adherence-predictions-enter.html

Banksters are all over your health care as well as the government folks. 

 

Sat, 07/18/2015 - 10:25 | 6326846 Pliskin
Pliskin's picture

Let me explain....No one ANYWHERE will do shit.

The 'Sheeple' of Europe believe everything they're told from the MSM.

The 'Sheeple' of the U.S, believe everything they're told from the MSM.

The 'Sheeple' of South America believe evrything they're told from the MSM.

There's a pattern here so I'll stop now, but you get the point.

Yeh, yeh, it's true, most (If not all) here at ZH and many other alternative websites don't believe the hype, but those numbers are infinitesimal compared to the ones that do.

People care about themselves, human nature.

A great example;  I was living in London in 1990, the year the poll tax was introduced (or was it '89, I dunno I was whacked out of it most of the time!) Anyway...My mates mother and Father (both in their 60's) complained to high heavens about it, "The government this...the government that...Thatchers a bitch etc, etc"  The poll tax riots started (Unfortunately I couldn't go, I was smoking weed with my Vietnamese girlfriend!)  The next day I went to my mates house and they were still airing the footage of the protests, my mates Mother and Father both said;

"Look at those trouble making hippies, they should be beaten and locked up, dirty, gypsy, wasters!"

...and unfortunately THIS is the attitude of most people (not just sexegenarians) 

People would rather sit at home and complain quietly to each other (Or on websites like this) than go out onto the street and do something.

I have a mate in Ireland (Middle class, decent job, huge mortgage) he says all protesters should be shot!! 

The day TPTB come to confiscate their savings, steal their PM's....rape their cats, is the day they'll finally wake up...and by then it'll be too late.  Too late for them, too late for me, too late for ALL of us.

I'm the worst offender of all of them, but at least THAT day in 1990 I was getting high and getting my dick sucked....what were my mates Mum and Dad getting?

I guess my point is (ZH'ers) complain and procrastinate all you like, but at the end of the day TPTB will get EXACTLY what they want, and there 'aint shit YOU can do about it.

 

Sat, 07/18/2015 - 20:53 | 6328238 TeethVillage88s
TeethVillage88s's picture

That is why they call it "Status Quo".

That is why the Main Parties in Politics are really just "One Party".

That is why in the USSA, Teddy Roosevelt, passed Anti-Trust Legislation after decades of worker Abuse.

That is why the USSA FTC was Created.

That is why the SEC was Created.

That is why we have Gift Giving, Money in Politics, Gerrymandering, No Term Limits, Money is Free Speech, Corporations are people (but they can't die for their country and they have no country), that is why no Legislation ever passes making it illegal for Private Banks to Support foreign Wars, Enemy Governments or Corporations or Military Contractors in a time of hostility... and not Bankers get held to blame or account for activities in War Time and mass Slavery in Nazi Germany or USSR or for causing the Russian Revolution or funding the Mensheviks or Bolsheviks.

Because Power, Control, Status, Money Rule.

That is why we have endless propaganda with no comment on the loss of freedom of press and constant government talking points called news for 2 minutes on the Telly for a 30 minute Broadcast.

- To Bad we don't have Honest Brokers in DOJ, FBI, SEC, FINRA, FTC, GAO, CBO, FED, Treasury, OCC, FSOC, BCFP, CFTC, FDIC, FHFA, SIPC

Sat, 07/18/2015 - 10:58 | 6326912 franciscopendergrass
franciscopendergrass's picture

The only difference between the mafia loan shark and a bank is that the bank does not break knee caps

Sat, 07/18/2015 - 11:30 | 6326964 Lumberjack
Lumberjack's picture

"The only difference between the mafia loan shark, bank and corporatist crony government is nothing" Fixed it for you. 

You need to wear knee pads for ass kissing (etc.) and to keep your knees from being broken. Then again they still will hobble populations.

 

http://onlinedigeditions.com/article/A_Bioarchaeology_Of_Captivity,_Slav...

 

 



Sat, 07/18/2015 - 11:10 | 6326937 ljag
ljag's picture

@snake
Unless, of course, you decide to play the game using their rules..I.e. blackmail and or extortion. Snag a banker's family and leverage their safety. I bet things change rather quickly....especially if it is a central bankers family

Sat, 07/18/2015 - 11:31 | 6326978 John Law Lives
John Law Lives's picture

"They'll try to throw all of us under the bus before taking any losses themselves."

No kidding.  The cromnibus spending bill that John Boehner helped ram through Congress is evidence of that:

http://www.gramsgold.com/news/bank-bail-ins-are-back-cromnibus-bill-puts...

FUBARtoHell

 

Sat, 07/18/2015 - 11:41 | 6327001 frankly scarlet
frankly scarlet's picture

Citi groups owners got two Trillion in the bailouts in 2008 and they do not number eleven million....The Greeks have 300 Billion or so in debt and have eleven million real living persons of all ages in their conutry.... yet the bankers want every last dime of interest on the interest or else their derivative crap game explodes and the people of the world become so pissed they start stringing the bankers and their entourage up from lamp posts in a true summary vigilants justice served style as befits these psychopathic vipers from hell who only have hate and greed as a core values.

Sat, 07/18/2015 - 12:01 | 6327050 Temerity Trader
Temerity Trader's picture

ZH perma-bears remain steadfastly delusional. If the banksters allow all the banks to fail, the cities will burn everywhere. The FDIC couldn’t pay off 10% of the accounts. There would be a permanent banking holiday. The government would have to borrow another $1T to help out and might collapse if it failed to bail everyone out.

Right now the masses are content; there is a chicken in every pot. Debt levels are meaningless, as the market soars on buybacks and layoffs. People are buying new cars and trucks with 8/9 years no-qual loans and are happy. They sit around all day and watch Netflix movies on their HDTVs and I-Phones. All that matters is what Kim K. is wearing and when the newest I-Toy will come out. Most can borrow any amount to buy more crap…and they love it. Student loans will likely be forgiven to free up $1.2 T to pump up housing prices.

Greece can fall off the face of the f***ing Earth and nobody would care. Limitless debt is now a reality all over the world. Austerity means riots by the masses demanding their entitlements. Watch how quickly congress backs down on the phony talk of cuts to SS, Food Stamps, Medicare, veterans’ benefits, etc, etc.

The wealthy have been given money beyond their wildest dreams by the banker elites. The masses want some too.

When is the breaking point reached? In ten years? Twenty?  Or in six months?  You will need real deep pockets to fight against the ‘new normal’. Best bet may be a Silicon Valley meltdown and bursting property mega-bubble…good luck!

Sat, 07/18/2015 - 12:16 | 6327076 StackShinyStuff
StackShinyStuff's picture

Just have to think about how long it took historically for a truly enslaved people to reach the breaking point AND have the means (and balls) to revolt.  The first thing you need is for the enslaved to REALIZE they are such.  Not there yet...

Sat, 07/18/2015 - 13:10 | 6327165 honestann
honestann's picture

Slowly boiling frogs to death is NOT good for the frogs (humans).  The situation has been made horrific over decades.  No way exists to improve much less recover without pain for those who were irresponsible (the vast majority).

Don't be scammed by the term "austerity".  That term is nothing more than a blatant scam.  Even if it wasn't a scam, offering only two options is a blatant false alternative.

The first kind of "austerity" needed is dramatic cuts in the pay and pensions of ALL government workers.  ALL of them.  And I mean cuts like 60%, since that is roughly how much more they are paid than equally talented (and harder working, less pampered) people in the private sector.  Go calculate how much difference that kind of rational "austerity" would make.  No cuts in SS, food stamps, medicare, etc.  Also, probably 90% of federal government agencies and programs are unconstitutional AND a waste of money, so shut them down.

The above has ZERO direct impact on private individuals.  To be sure, government workers won't be buying as many vacations, yachts, cars and groceries, so there are some indirect consequences to regular folks.  But the cut in deficit spending would be so dramatic as to greatly improve the overall situation.

But all the above is irrelevant.  The only plausible choice each individual has is to "go down with the ship" (very painful and dangerous), or get the hell outta dodge and set up a largely self-sufficient life in some pleasant but "out of sight, out of mind" location.  Of course, only about 0.0001% are smart enough to do that.

Sat, 07/18/2015 - 15:14 | 6327356 kchrisc
kchrisc's picture

While the boiling frog metaphor is quite fitting, it ignores the fact that, while the frog boils and dies, people are prone to take up firearms and guillotines as they come to a boil.

Liberty is a demand. Tyranny is submission..

 

American "frogs" will not die, but become angry and lethal.

Sat, 07/18/2015 - 17:02 | 6327742 honestann
honestann's picture

This is where I have to disagree with you.  I think you massively underestimate how utterly clueless, brainwashed and braindamaged the vast majority of humans are today.

While the frogs (99.999% of the population) may indeed flail around (riot, protest, burn stores) in the moments before they die, they will do so in the simmering waters and then expire.

The reason I know this is... if they were not terminally clueless, brainwashed and braindamaged and willing to respond intelligently (as in snipers and guillotines), they would have done so decades ago.

Sat, 07/18/2015 - 18:21 | 6327927 falak pema
falak pema's picture

..

Sat, 07/18/2015 - 18:16 | 6327928 falak pema
falak pema's picture

So honest ann, isn't it time to impose "the final solution" on these brain damaged?

That is the way your finger points 'cos you can't live isolated from them. One day they will crawl into your world of "never never" land.

Why  should the perfect suffer at the hands of the clueless? 

Act preventively before you catch the plague!  It is contagious.

Thats  how all "pure" societies begin.

 

Sat, 07/18/2015 - 20:34 | 6328203 TeethVillage88s
TeethVillage88s's picture

Well that would make her a predator.

Sun, 07/19/2015 - 18:26 | 6330440 honestann
honestann's picture

I'm not sure what "final solution" you have in mind.  But if you mean I or we should exterminate the clueless for being clueless, that would make me a predator too.  And that's what I'm not.

I live 125km from the nearest human being.  For practical purposes, nobody knows where I live.  I spent about 95% of my life savings to set myself up in this 100% self-sufficient lifestyle.  My place cannot be reached by land vehicle (my tiny, high-tech, super-efficient airplane is my only means of transportation).  And so, I am one of the vanishingly few who in fact are effectively isolated from "them" (and everyone else).  However, you would be quite correct to say that extremely few people are.

I am also part of a dispersed group of collaborators who have a tested technology that can let us escape the problem entirely by escaping earth (though this is only a byproduct or consequences of the technology).  Once we finish our practical implementation (not just proof-of-principle prototype), we shall escape the disaster and danger that is the human race.  Then we will indeed enjoy something like what you call a pure society (in a manner of speaking).

I wish far more of the infinitesimal number of enlightened humans would take serious actions to become independent of existing "human societies"... mostly for their own good.

Sat, 07/18/2015 - 19:13 | 6328021 FLHRS
FLHRS's picture

As a retired federal Air Traffic Controller who spent 30 years sitting in a dark radar room, under staffed, so you can fly anywhere, anytime - kiss my ass.  I spent 20 of those years slinging steel at the 4th busiest airport in the world working a couple of swing shifts followed by a couple of day shifts and then a mid, every week.  During most 'rushes' I was training someone which was twice as hard.  Don't group us all together.  PS My wife says Fuck You Bitch, You don't know how hard is was for her, when I was stressed and on edge.

Mon, 07/20/2015 - 05:11 | 6331677 honestann
honestann's picture

If you work for government, you work for the worst, most destructive human predators who have ever existed on planet earth.

As for your pay:  The only way to know how much you should be paid would be to know how much you would be paid if government never had ANYTHING to do with airplanes and airports, so all aviation was fully private.  If you'd get the same pay that way, then maybe you're earning your pay.  But I seriously doubt it.

I'm a private pilot, so I'm not 100% ignorant of airports and flight... though I have always purposely stayed away from large airports (and cities) as much as possible.  Frankly, my bet is, the work performed by controllers would already be 100% automated if government never stuck its nose into flying (or other forms of travel).

PS:  If you're so talented and abused, why did you stick around and remain abused.  Insert sound of crickets.

Sat, 07/18/2015 - 12:37 | 6327108 Able Ape
Able Ape's picture

The NEW Black Death will not be carried by fleas but by derivatives and will sweep the globe...

Sat, 07/18/2015 - 17:06 | 6327752 quasi_verbatim
quasi_verbatim's picture

The fleas lived on the rats that carried the fleas that carried the Black Death carried by the rats that carried the fleas that lived on the rats.

Rats 3, Fleas 3.

Sat, 07/18/2015 - 20:24 | 6328182 lakecity55
lakecity55's picture

(in the secret cave under the Knesset)

"Our Derivative WMDs are almost ready, Master. Soon we will control the Earth under your Leadership."
"SSSS. Excellent. SSSS"

Sat, 07/18/2015 - 12:41 | 6327113 combatsnoopy
combatsnoopy's picture

On June 2nd, 2015 Santa Cruz Supervisor Ryan Coonerty formally requests that the government in Santa Cruz officially not conduct business with the bailed out banks for at least 5 years and dissolve relationships to protect that city's Treasury.  He preludes into the letter citing the LIBOR rigging and manipulation by the biggest banks and how that screwed local governments.  I'm glad at least one person is paying attention to what the banks have done all over the world.  I'm surprised that it's Santa Cruz of all towns.

"...There seems to be no limit to the greed in some of our nation's largest banks. I believe it is critical that the County only work with the most trustworthy institutions as we invest and protect the public's tax dollars. Santa Cruz County should not be involved with those who rigged the world's biggest financial markets. It is important that we send a message that if you want to do business with the County, you need to play by the rules. Therefore, I recommend that the Board direct that the County's investment policy be modified to reflect that the County of Santa Cruz will not do new business (either using investment services or buying commercial paper or bonds) with these felonious financial institutions for a period of five years and further that the County unwind existing relationships with these five banks to the greatest extent feasible. "
http://sccounty01.co.santa-cruz.ca.us/BDS/Govstream2/Bdsvdata/non_legacy...

 

 

Sat, 07/18/2015 - 13:08 | 6327160 Monetas
Monetas's picture

Who overlords the bankers .... Keynesian socialists, the military, the federal government and state government .... it's a pretty long list .... but, when you look up the ladder .... all you see is the banker's ass .... why ? 

Sat, 07/18/2015 - 13:13 | 6327175 Infinite QE
Infinite QE's picture

Your ladder is backward. The zionist bankers are on top. Everyone else is a functionary keeping them in power.

Sat, 07/18/2015 - 13:18 | 6327186 Monetas
Monetas's picture

Your's is upside down .... and missing a couple of rungs !

Sat, 07/18/2015 - 13:19 | 6327196 Infinite QE
Infinite QE's picture

Is English your second language? Yiddish first?

Sat, 07/18/2015 - 13:24 | 6327210 Monetas
Monetas's picture

A multiple choice question .... did you go to public school ?

Sat, 07/18/2015 - 15:28 | 6327486 Infinite QE
Infinite QE's picture

Private school. And which US taxpayer funded yid school did you attend?

Sat, 07/18/2015 - 17:24 | 6327762 teutonicate
teutonicate's picture

Getting desperate?

Sat, 07/18/2015 - 13:14 | 6327177 Monetas
Monetas's picture

Top socialist leaders point the blame finger down towards the bankers .... the proletariat point their blame fingers up towards the bankers .... the blame game .... oldest trick in the book .... the sophisticated commentators of Zero-Hedge see right through it ?

Sat, 07/18/2015 - 13:20 | 6327202 Monetas
Monetas's picture

Who are the 6 Joos who run your world .... is it true they hold secret conferences in a Swiss cave .... and sit around a 6 pointed Star of David table ? 

Sat, 07/18/2015 - 14:01 | 6327250 jack stephan
jack stephan's picture

In 2013, Blankfein made a commencement speech to at LaGuardia Community College students at the Jarvis Center in Manhattan. 

During the address he described his rise from selling concessions to the CEO of one of the world's most powerful banks.

Here is some of the advice he gave to the youngsters. 

  • What were the chances that a kid from the projects would run one of the great financial institutions in the world? You just never know. That unpredictability is the great thing about life.
  • (Especially when you rig the unpredictabllity to always win, and you kids will always be on the receipt as collateral for any losses, because now our derivatives stake is in the high trillions.)

  • You change. The world changes. You live in a country where we are still blessed with enormous opportunity.
  • (until you noticed that its already been stolen and has been for years, and that blessed opportunity was purchased quite cheaply by me and other bank crews hellbent on squeezing this place dry, again so if you dont like it, leave or die,if you leave dont open a bank account though, and if you die then please bring in your ten cent ten iq honduran replacement, thanks )

  • Leave yourself open to the world of possibility. You have the ambition, you have the smarts and you have the toughness. So, turn the page on your biography -- you have just started a new chapter in your lives.  ( heres a book write in it, oh shit, thats illegal now, our flunky puppet just made a decree everything is illegal now, books, guns, pencils, flags, and now you sitting and hearing me, gimme that chair too)

  • Confidence really matters. Recognize you have earned the right to be confident. Most of you have made great sacrifices and overcome great obstacles to get where you are today. (Confidence always works here with the meat, ill get paid on the back end always.  I bet they will have nice families, plump children to chew on and pensions to steal, so sure ambition it up.)

 

  • Find a job that you like. You'll be better at it and you'll last longer in it. Having said that, in a tough economy, or because of family pressures, you may not aways be able take a risk with a job choice. And, no doubt, we've all settled at various times. (?????????, until we kill the job market and  you get laid off over and over and over again and again and again)

 

  • Be involved in the community. Find ways to contribute to make yourself proud and set an example to your kids. making a living is not life. It is a means to an end, not the end. You have to feel proud of yourself. (ill just quit,  community, thats rich, community....i need a breather...hell eat your fucking kids, maids, grannies, and try to make it sound like its your fault you had them outside, hell eat your pets and spit the collar in you face, "I found your dog")
Sat, 07/18/2015 - 13:45 | 6327257 Aaron Hillel
Aaron Hillel's picture

The moneychangers apparently want to steal all the civilised folks money, then keep printing so they could keep stealing.

Its almost as if they felt chosen by some minor tribal deity in the early bronze age...

Sat, 07/18/2015 - 13:56 | 6327278 stock market loser
stock market loser's picture

I hope I live to see the day Lloyd  Blankfiend and Jamie  Demon are swinging from lamposts in Manhattan. 

 

 

 

Sat, 07/18/2015 - 16:18 | 6327627 monad
monad's picture

JFDI
But, consider this: If you can get a real trace, he's already dead.
You are not in the big club.

Sat, 07/18/2015 - 16:24 | 6327637 JessieSharpton
JessieSharpton's picture

Thats anti semitic

Sat, 07/18/2015 - 14:16 | 6327341 kchrisc
kchrisc's picture

"All Hail Our Banking Overlords!"

Heil!

Liberty is a demand. tryanny is submission..

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