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Fed Lunacy Is To Blame For The Coming Crash
Submitted by Jim Quinn via The Burning Platform blog,
This week John Hussman’s pondering about the state of our markets is as clear and concise as it’s ever been. He starts off by describing the difference between an economy operating at a low level versus a high level. He’s essentially describing a 2% GDP economy versus a 4% GDP economy. We have been stuck in a low level economy since 2008. And there is one primary culprit for the suffering of millions – The Federal Reserve and their Wall Street Bank owners. They are the reason incomes are stagnant, the labor participation rate is at 40 year lows, savers can only earn .25% on their savings, and consumers have been forced further into debt to make ends meet. Meanwhile, corporate America and the Wall Street banks are siphoning off record profits, paying obscene pay packages to their executives, buying off the politicians in Washington to pass legislation (TPP) designed to enrich them further, and arrogantly telling the peasants to work harder.
In economics, we often describe “equilibrium” as a condition where demand is equal to supply. Textbooks usually depict this as a single point where a demand curve and a supply curve intersect, and all is right with the world.
In reality, we know that economies often face a whole range of possible equilibria. One can imagine “low level” equilibria where producers are idle, jobs are scarce, incomes stagnate, consumers struggle or go into debt to make ends meet, and the economy sits in a state of depression – which is often the case in developing countries. One can also imagine “high level” equilibria where producers generate desirable goods and services, jobs are plentiful, and household income is sufficient to demand all of that output.
The problem is that troubled economies don’t just naturally slide up to “high level” equilibria. Low level equilibria are typically supported and reinforced by a whole set of distortions, constraints, and even incentives for the low level equilibrium to persist. In developing countries, these often take the form of legal restrictions, price controls, weak property rights, political and civil instability, savings disincentives, lending restrictions, and a full catastrophe of other barriers to economic improvement. Good economic policy involves the art of relaxing constraints where they are binding, and imposing constraints where their absence allows the activities of some to injure or violate the rights of others.
In the United States, observers seem to scratch their heads as to why the economy has shifted down to such a low level of labor force participation. Even after years of recovery and trillions of dollars directed toward persistent monetary intervention, the economy seems locked in a low level equilibrium. Yet at the same time, corporate profits and margins have pushed to record highs, contributing to gaping income disparities.
Dr. Hussman presents his case against the Federal Reserve as clearly as anything I’ve ever read. Bailing out criminally negligent Wall Street banks with taxpayer money, allowing fraudulent accounting to cover up insolvency, printing $3 trillion out of thin air and handing it to the Wall Street banks, penalizing savings while encouraging consumers and corporations to go further into debt, and gearing all of your efforts towards creating stock, bond, and real estate bubbles, is the height of lunacy – unless you are a captured entity working on behalf of a corrupt status quo.
From our perspective, the fundamental reason for economic stagnation and growing income disparity is straightforward: Our current set of economic policies supports and encourages a low level equilibrium by encouraging debt-financed consumption and discouraging saving and productive investment. We permit an insular group of professors and bankers to fling trillions of dollars about like Frisbees in the simplistic, misguided, and repeatedly destructive attempt to buy prosperity by maximally distorting the financial markets.
We offer cheap capital and safety nets to too-big-to-fail banks by allowing them to speculate with the same balance sheets that we protect with deposit insurance. We pursue easy monetary fixes aimed at making people “feel” wealthier on paper, far beyond the fundamental value that has historically backed up that wealth. We view saving as dangerous and consumption as desirable, failing to recognize a basic accounting identity: there can only be a “savings glut” in countries that fail to stimulate investment.
We leave central bankers in charge of our economic future because we’re too timid to directly initiate or encourage productive investment through fiscal policy. When zero interest rates don’t do the trick, we begin to imagine that maybe negative interest rates and penalties on saving might coerce people to spend now. Look around the world, and that same basic policy set is the hallmark of economic failure on every continent.
Our leaders have failed the American people. We had an opportunity as a country in 2009 to purge our system of our unpayable debt. We could have allowed the orderly liquidation of the Too Big To Fail Wall Street banks, GM, Chrysler, and thousands of other over indebted bloated corporate pigs. We would have had a short deep depression. The excesses would have been wrung out of our economic system and we would have experienced a real recovery based upon savings and investment. Instead we allowed politicians and central bankers to do the complete opposite. We believed their lies. The system was not going to collapse if the Wall Street banks went down. Rich people and bankers would have been wiped out.
When a country allows its central bank to encourage yield-seeking speculative malinvestment; suppresses interest rates in a way that punishes those on fixed incomes and destroys the incentive to save; allows too-big-to-fail institutions to use deposit insurance as a public subsidy to expand trading activity instead of traditional banking; focuses fiscal policy on boosting transfer payments to make up for lost income without at the same time encouraging investment – both private and public – that could create new sources of income; that country is going to keep failing its people.
Jim Grant, Bill Gross and a number of other truth telling financial analysts have described how QE and ZIRP have done nothing but allow zombie corporations which should have gone bankrupt to survive and contribute to the low level economy we are experiencing. The creative destruction essential to produce a dynamic economy has been outlawed by the Federal Reserve. The encouragement of consumption through low interest rates has failed. Economies grow through investment, not consumption.
Every economy funnels its income toward factors that are most scarce and useful. If a country diverts its resources toward consumption and speculation rather than productive investment, it shelters the profitability of existing companies by making their capital more scarce and therefore more profitable, while at the same time discouraging new job creation. A vast pool of unused labor also has little ability to demand more compensation. In contrast, when an economy encourages productive investment at every level, more jobs are created, and yet capital becomes less scarce – so profit margins fall back to normal. The income from economic activity is then available to both labor and capital, rather than funneling income into a basket that reads “winner-take-all.”
It seems the Fed’s motto is: “The Lunacy Will Continue Until Moral Improves”. The Fed has accomplished only one thing over the last six years – creating multiple bubbles with no exit plan that will not pop those bubbles. The Fed has trapped themselves and there is no way out. They must either raise rates now and trigger the next market collapse or wait and trigger an even larger collapse. Hussman thinks legislation may be necessary to restrain the Fed, but he fails to realize the politicians are captured by the very banks who control the Fed.
We need to re-think which constraints are actually binding us. With trillions of dollars sitting idly in bank reserves, and interest rates next to zero, the Federal Reserve continues to behave as if bank reserves and interest rates are a binding constraint – that somehow loosening those further might free the economy to grow. This is lunacy. Fed policy is no longer relieving constraints; it is introducing distortions. That – not the exact level of wage growth, inflation, or unemployment – is the primary reason to normalize policy, and to start along that path as soon as possible. Current Fed policy discourages saving while diverting the little saving that remains toward yield-seeking malinvestment. If the members of the FOMC cannot restrain themselves from extraordinary policy distortions on their own, it may be time for legislation to explicitly remove the discretion from their hands.
Those who think low interest rates will forever sustain extremely overvalued financial markets are kidding themselves. First of all, the Fed can’t ease. When interest rates are at 0%, there is no place left to go. The credibility of the Fed is already declining rapidly. Once faith in their ability to elevate markets is lost, the collapse will commence. The slope of hope will become the crash of cash.
The difficulty with creating a bubble of speculative distortion is that there is always hell to pay, and once valuations have already been driven to extreme levels, that hell is baked in the cake. It can’t be avoided, and once investors have shifted toward risk-aversion, history indicates it can’t even be managed well. Recall that the Fed was easing persistently and continuously throughout the 2000-2002 and 2007-2009 market collapses. As a reminder of how fruitless official interventions can be once investors have shifted to risk-aversion, I’ve reprinted the instructive chart that Robert Prechter of EWT published in October 2008, as the S&P 500 was on its way to the 700 level. Investors who actually believe that Fed easing creates a “put option” for stocks have a very short memory of the past two bear market collapses.

As Sergeant Esterhaus used to say on Hill Street Blues, be careful out there. We are presently at the 2nd most overvalued point in stock market history. It’s dangerous out there. The Fed doesn’t have your back. Anyone in the stock market today has a high likelihood of losing 50% of there money in a very short time. If you think you can get out when everyone else decides to get out, you’re a lunatic. Lunacy does seem to be the primary trait amongst our financial elite, political class, and willfully ignorant masses.

Be careful here – deteriorating internals matter. The condition of market internals is precisely the same hinge that – in market cycles across history – has separated overvalued markets that continued to advance from overvalued markets that collapsed through a trap door.
Put simply, the recent market peak represents the second most overvalued point in history for the capitalization-weighted stock market, and the single most overvalued point in history for the broad market.
When weak participation has been accompanied by rich valuations, scarce bearish sentiment, and recent market highs, the number of instances narrow to some of the worst points in history to invest.
When weak participation, rich valuations and scarce bearish sentiment accompanied a record high in the same week, the handful of instances diminish to surround the precise market highs of 1973, 2000, and 2007, as well as 1929 on imputed sentiment data – and the week ended July 17, 2015.
Understand that the present deterioration of market internals is broad-based, unusual, and historically dangerous.
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childish to ignore reality, and call this lunacy. this is purposeful, agenda driven, across many decades. history proves that
Correct. Globalist fingerprints are all over this bloated and blowfly infested cadaver......
And 4% is HIGH Growth? Moronzzzz
When the crash comes, it will be blamed on greedy short-sellers and hedgies who destabilized the system for their own benefit. Bet on it. The Fed will never be mentioned. Jim Cramer will be screaming about "THE SHORTS!!!!"
MSNBC's Maddow: Fox News deliberately ‘ending candidacies’ of Republicans they don’t like
http://tinyurl.com/p6sx88m
Lunacy?? Sorry this is
CRIMINAL CONSPIRACY NOT LUNACY
I'm out of the market except for my 401k.
I challenge anyone to pull cash out, or close, their 401k. It's damned near impossible.
And Citibank is now changning dates on payment recieved. Suddenly I'm more than 30 days late on my January payment because they decided to reapply my advance payments in December when they never had before. Fucks up a refi.
In a hundred years if we are still a functioning society they will look back and put the Fed crew in the same catagory as witch doctors shaking monkey bones at a growling volcano in an effort to appease the gods.
It's actually more like the gods instructing the Fed witch doctors to shake monkey bones at a growling volcano in order to stupify and appease the silly muttonheads...
It's more like the gods using the Fed witch doctors to feed the growling volcano until it explodes and makes monkey bones of us all.
What you are all seeing is the end of growth. There is nothing anyone can do to restart the growth engine, every thing that can be exploited has been. Without new inputs, the growth ponzi stalls (as it is now) and then crashes (as will eventually) and that is just the way the Universe works.
Oh and yeah ... 7 billion ... nope to the nope.
End of the finance based "growth" economy.
Commodities are in a state of surplus, global industrial production is around 70% of capacity, unemployment is running rampant and most of the world doesn't have a pot to piss in. It would be easy to restart this sucker if it wasn't for the bankers and our bought and paid for leaders.
These are actually the financial ponzi endtimes.
That's why I have that pound of gold and thirty pounds of silver sitting just over there. And 3,000 rounds of .45 right next to me. (Only have ten mags, but am getting more soon.)
2014 and 2015 numismatics from the mint are on their way. And another pound of gold will be coming, hopefully, when the refi completes. 7.5% to a 3.5% is a pretty good deal, even though I only owe $30k on this shithole. Wife is right, we do need to do some improvements. Tiled floors are her demand, gold/silver/ammo is mine, along with concealed steel, enhanced doors and another six months worth of food and water.
I went to a federal prison (yep, served five hours time!) to do mock job interviews on soon (within a year) to be released prisoners. Somehow, my background check was clean (in spite of NSA/FBI visits). My buddy running the check was shocked. She has to turn down 95% of applicants due to negative background checks...and arrests about a dozen in the process. Holy shit! She actually thought she'd be required to arrest me. (I'm completely transparent, I tell everyone about my government visits, even my employer and employees at our morning meeting.)
I have an aide that I share all my conspiracy shit with from Zero Hedge. She decides who to share it with. I made specific predictions to her, my daughter in law, and many others on what was going to be coming down the pike in the next ten years back in 2008. Everytime one is a hit, I send an "I tolja so" email.
As to my time in the federal pen, my favorite was this little guy. What's your occupation?
I'm a bank robber.
Really? That's your occupation?
Yep, it didn't pay very well, that's why I'm here, talking to you.
Damn, dude, when did you get busted?
2008.
What?! Bank robbery is legal since 2008, call your lawyer!
Someone took my picture immediately after the exchange.
ZerOhead:
It is more hyper-complicated than that!
As several comments already mentioned, the Federal Reserve Board is NOT merely "lunacy," but rather, is more a runaway criminal conspiracy, whose excessive successes are paradoxically leading towards its final failures. (Of course, Jim Quinn typically underestimates that, because he usually relies upon Hanlon's Razor too much.)
The deeper problems have been that the public "money" supply made out of nothing as debts has been governments ENFORCING FRAUDS by privately controlled banks, so that "money" could "pay" for strip-mining the planet's natural resources as fast as possible, while running on that debt engine treadmill was simultaneously turning those natural resources into garbage and pollution as fast as possible, at pretty well EXPONENTIAL RATES! Inside of that context, when the ENFORCED FRAUDS OVERSHOOT, all the rest of the exponential growth of the overall human population and activities will have also OVERSHOT!
As blu wrote: "7 billion ... nope to the nope"
The Federal Reserve Board was the most significant of the National Kings of Fraud, inside of the globalized systems of the international banksters, which currently has the Bank of International Settlements as the King of Kings of Fraud. However, that system of governments ENFORCING FRAUDS by privately controlled banks was based upon the previous history of the War Kings, which was based on the development of organized crime on larger and larger scales. Currently the biggest gangsters are those banksters, whose single most significant institution is the Federal Reserve Board, due to the American Dollar being still the global reserve currency, which is backed by the American Military, as the biggest players inside of the overall established systems of globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs.
Nothing has changed, EXCEPT progress in physical science and technology developing at an exponential rate, which has enabled the ancient history of the biggest bullies' bullshit to become the banksters' bullshit, which has their apparent figureheads now appearing to be the public figures operating through the Federal Reserve Board, et alia ... However, the deeper predicaments are almost unimaginably WORSE than merely the "Ponzi" financial pyramid systems. Moreover, when one engages in a deeper analysis, rather than the typically superficial analyses extolled by Quinn, as well as almost all of the rest of the content published on Zero Hedge, the only realistic resolutions to the real problems must also necessarily be WAY WORSE. As blu stated: "that is just the way the Universe works."
Human beings developed their intelligence as the internalization of natural selection pressures, and then that intelligence was applied to the most important problems, which were other human beings. Therefore, the history of warfare developed its murder systems, as organized crime on larger and larger scales, which segued from the War Kings creating the sovereign states, to the banksters, as the Fraud Kings capturing control over the powers of governments, through the vicious spirals of the domination of the funding of all aspects of the political processes, including various sociopolitical institutions such as the schools and mass media.
As Quinn concluded: "Lunacy does seem to be the primary trait amongst our financial elite, political class, and willfully ignorant masses." However, the underlying problems are WAY WORSE, and automatically becoming FAR WORSE, than merely the superficial features of the FINANCIAL ENFORCED FRAUDS. Money is necessarily measurement backed by murder. As civilization developed, the history of being able to back up lies with violence became more sophisticated systems of legalized lies, backed by legalized violence. Hence, the basic source of the "lunacy" was the sequence of short-term social successes based upon being able to back up lies with violence, gradually becoming the established systems based upon ENFORCED FRAUDS, which can never make those frauds stop being false, no matter how much those are enforced.
In my opinion, the degree to which we are living inside of a Wonderland Matrix Bizarro World, where everything is absurdly backwards, as demonstrated by the more and more blatantly obvious ways that governments have become the biggest forms of organized crime, controlled by the best organized criminals, is WAY MORE EXTREME than almost anyone appears to be able to fully comprehend. Moreover, since the established systems continue to be based upon backing up lies with violence, more rational evidence and logical arguments about the basic nature of those problems continues to appear to be practically pointless. But nevertheless, I will again point out that the ONLY thing that has changed is progress in physical science. Otherwise, basic human nature, and social pyramid systems, have not significantly changed for thousands of years. Hence, there has, so far, been no progress in political science which has surpassed that already achieved in physical science. Therefore, the EXISTING situation has rapidly become globalized electronic monkey money frauds, backed by apes with atomic bombs. That has happened with such alacrity that the first generation to be born into that situation is still alive today.
Theoretically speaking, the underlying issues are that human beings have developed artificial selection systems based upon the history of the triumphant applications of the principles and methods of organized crime. There exist combined money/murder systems, which have become the most fraudulent and deceitful that they could possibly become, which therefore has made the "lunacy" of those MAD Money As Debt systems, backed by even more MAD Mutual Assured Destruction systems, exceed by many orders of magnitude what the vast majority of human beings are able and willing to conceive of.
Human civilization has become psychotic, due to it being controlled by ENFORCED FRAUDS, which are constantly developing wider Grand Canyon Chasms between progress in physical science, without that being surpassed by progress in political science. In that context, the kinds of analysis presented by Quinn, as well as most of the rest of the content on Zero Hedge, remains way too superficial. On the contrary, what is theoretically needed are series of intellectual scientific revolutions, or profound paradigm shifts in the ways that we perceive politics. Of course, there are no good reasons to believe that is politically possible at the present time. All of the established sociopolitical institutions, including both the core of organized crime, such as the banksters, as well as the layers of controlled opposition groups around that core, are operated by the best available professional liars and immaculate hypocrites. Hence, the established systems, through which the debt controls are backed up by the death controls, are operating as oxymoronic scientific dictatorships, which are as deliberately ignorant and deceitful about themselves as they can possibly be, due to that having previously been the most socially successful strategies for thousands of years.
We are witnessing the exponential growth of progress in physical science being channeled through social pyramid systems based upon being able to back up lies with violence, which have manifested in the forms of governments ENFORCING FRAUDS by privately controlled banks. However, those few people who begin to become more aware of that then tend to STILL stay upon superficial levels of analyses of those problems, and hence, tend to be able to blame the banksters for ALL the problems, rather that perceive that there are chronic political problems inherent in the nature of life, which the banksters have developed expedient sets of solutions for that benefit them.
While it is theoretically possible that human beings could develop a better overall understanding of natural selection pressures, the paradoxical ways that history has actually resolved those problematic pressures through successful warfare based upon backing up deceits with destruction, morphing to become successful finance based upon ENFORCING FRAUDS, has indeed driven the overall situation to become:
However, rather ironically, to those with a sufficiently macabre sense of humour, that "lunacy" also applies almost as much to people like Quinn, as well as to almost all of the rest of the content published on Zero Hedge. I quote Cognitive Dissonance, whose statement below was previously posted on Zero Hedge:
That insight applies to almost all of the material published on Zero Hedge, including the article above by Quinn, as well as, in my opinion, ZerOhead's reply to blu too. The most profound source of the apparent "lunacy" has been the history of the social successfulness of the applications of the principles and methods of organized crime. By and large, those few who recognize those central social facts (which happens more often now that the exponential growth of those problems is making them become more blatant) STILL remain mostly inside the biggest bullies' bullshit world view, or STILL mostly remain inside of the banksters' bullshit world view.
"The absolute best controlled opposition is one that doesn't know they are controlled" BECAUSE THEY CONTINUE TOO MUCH TO TAKE FOR GRANTED THE DOMINATE NATURAL LANGUAGES AND PHILOSOPHY OF SCIENCE THAT THEY USE TO THINK AND COMMUNICATE WITH. Despite the progress achieved through profound paradigm shifts in physical science, political science continues to almost totally ignore all of that, particularly because actual politics continues to be almost totally dominated by various old-fashioned religions and ideologies, which are believed in and promoted by people who adamantly refuse to reconsider their own political opinions. Overall, we are looking at a civilization that has become runaway, psychotic, criminal insanities, that are FAR WORSE than the relatively superficial analysis of that "lunacy" presented by authors like Quinn, and/or pretty well all of the rest of the content commonly presented on Zero Hedge.
The REAL problems have become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs, where the overwhelming vast majority of those monkeys and apes deliberately ignore, and want to continue to ignore, the paradigm shifts that occurred in physical science to make that become possible. Collectively, we tend to discuss political problems without adequate efforts to go through profound paradigm shifts in the ways that we perceive those problems, in manners which would be consistent with the paradigm shifts that previously happened in physical science.
Of course, it is not too difficult to understand how and why that is the case. All of the most socially successful people were those who were the best available professional liars and hypocrites. While money is necessarily measurement backed by murder, groups like the Federal Reserve Board pretty well deliberately ignore that. Similarly, those who lament that our debt slavery systems have generated numbers which have become debt insanities, that threaten to provoke death insanities, STILL tend to never propose nor promote better death control systems, and especially do not do so in ways which were based upon profound paradigm shifts in the ways that we perceive those combined money/murder systems.
Therefore, ZerOhead, when you blithely assert that: "It would be easy to restart this sucker if it wasn't for the bankers and our bought and paid for leaders." I responded that it is more hyper-complicated than that, because that would actually require the development of radically different death control systems, to back up the new debt control systems. (Which are becoming increasingly imperative as we reach some real limits of diminishing returns from being able to strip-mine the planet at an exponential rate.) It is not possible to change the monetary systems without changing the murder systems that back those up. The deeper reasons for how and why the currently existing systems of financial success based upon ENFORCED FRAUDS EXIST are that civilizations were driven by natural selection pressures to develop artificial selection systems based upon the principles and methods of organized crime, as the most socially successful ways to operate the combined money/murder systems.
The SOURCE of the collective "lunacy" is that being able to back up lies with violence never stops those lies from being false. Therefore, the more socially successful ENFORCED FRAUDS become, the more psychotic society as a whole becomes. One of the deeper ways that manifests is that almost nobody who condemns the banksters ever offers better death controls, to back up better debt controls. Indeed, within the degree to which our civilization is almost totally "lunacy," to directly discuss that is seen as a Fringe Cubed position, or at the fringe of the fringe of the fringe.
Authors like Quinn deliberately rely upon the Hanlon's Razor kinds of presumptions so much, because then that enables them to promote superficial "solutions" which do not have to admit and address that the only realistic resolutions to the real problems would necessarily require better organized crime, in the sense that any artificial selection systems would necessarily have to have their death control systems as central to those. Political economy is inside human ecology. There can be no genuinely different combined money/murder systems which do not deal directly with the human death control systems in general, and the human murder systems in particular. Of course, doing that has become quite mind boggling, after the development of globalized electronic frauds, backed by atomic bombs. Hence, I somewhat sympathize with those who deliberately ignore that, despite that obviously being an approach that has no intellectual integrity whatsoever.
Meanwhile, the "lunacy" of controlling civilization with fundamentally fraudulent financial accounting systems continues to be the most practical political policy. Those who most benefit from running the established systems of organized lies operating robberies are able to most do so by misrepresenting that as much as possible, in ways which enable them to continue to do that as much as possible. People who make the most "money" inside of financial systems based upon ENFORCED FRAUDS have the most "lunatic" attitudes towards those combined money/murder systems. Therefore, at the present time, it appears quite politically impossible to develop better integrated human, industrial and natural ecologies, since every decision is mediated through fundamentally fraudulent financial accounting systems, which superficially appear to violate the most basic laws of nature, while, on deeper levels, they are the result of natural selection pressures.
The public "money" supply created out of nothing as debts, through systems whereby governments ENFORCED FRAUDS by privately controlled banks, are what we are actually looking at when we are looking at the Federal Reserve Board, etc. ... Those debt slavery systems have driven debt insanities to develop at an exponential rate, to become debt insanities. Furthermore, those are trending more and more towards provoking death insanities, since those debt controls were always backed up by the death controls, despite that also always being actually done in ways which were most socially successful when done through the maximum possible frauds and deceits. AROUND AND AROUND AND AROUND WE GO, since there is almost nothing but a core of organized crime, surrounded by layers of controlled opposition, wherein that kind of opposition tends to not be aware of the degree to which it is controlled by the language that is uses to think with and communicate through ...
Ironically, for those with a sufficiently macabre sense of humour, those paradoxical problems apply to everyone, including me too, of course. Since the established systems based upon ENFORCING FRAUDS are most socially successful the more that they are able to get away with doing that, on the flip side, my approach at social psychiatry for the "lunacy" is itself also quite lunatic, since it must necessarily so totally fail, within a system where everyone has "money" to the degree that they participate within the established systems of ENFORCED FRAUDS, which tends to match the degree to which they are able to lie to themselves and everyone else about that to the maximum possible degree.
As far as I can tell, there is no practical political point to noticing and stating those central social facts. More radical truths may as well be on the dark side of moon, as far as those are actually able to influence political events, which are being controlled by their vicious spirals of money and political power, driving themselves to automatically become bigger and BIGGER manifestations of ENFORCING FRAUDS, which inherently, simultaneously becomes greater and GREATER collective lunacy! At the present time, there appears to be no politically practical resolutions of the problems that progress in physical science has enabled the development of globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs ... The best we may irrationally hope for is that the resulting debt insanities provoking death insanities will have some technological civilization that survives through that, and which is thereby selected to become more scientific about itself through those processes.
Bro, I love you, and upvoted the comment but even for me it is a little long. Perhaps I am not worthy. Perhaps it would be easier, but not better, to break down and systematise in shorter paragraphs.
Either way I get what you're saying and there is much I would like to bounce off you one of them days; we seem to think largely along the same lines. Godspeed.
I up voted the moniker.
http://www.zerohedge.com/news/2015-07-22/billionaire-owners-twinkie-maker-hostess-reward-themselves-900-million-payday-after-
$900 Million Payday Is Billionaires' Reward For Crushing Twinkie-Maker's Labor Unions
That article from the Tylers concluded with the same perspective regarding the:
Using the moniker Radical Marijuana, I posted another comment under that article, which restated similar bla, bla, blah. I suppose the background to not bothering to do more than amusing myself by thinking out loud when I post my comments (which are therefore more like stream of consciousness rants) is that there is NOTHING THAT IS GOING TO MAKE ANY SIGNIFICANT DIFFERENCE DUE TO BETTER UNDERSTANDING THE SITUATION ...
IF anything I could say. or could do, would make any material difference, then maybe I would be more motivated to edit and present that better. However, as far as I can tell, NOBODY is able to prevent the runaway LUNACY PROVOKING A CRASH. Furthermore, I can not do anything that is remotely sufficient to prepare for that, while I believe that there is NOBODY who can effectively prepare for globalized electronic frauds, backed by the force of atomic bombs, driving civilization to become increasingly insane, since the basic issues are at least as bad as that: "Lunatic central bankers have clearly taken over the asylum."
"NOBODY is able to prevent the runaway LUNACY PROVOKING A CRASH."
Absolutely to a greater or lesser extent. But there is method in the madness that you are witnessing Rad and the Central Bank bankers are hardly lunatics... they are merely tools chosen to implement a much larger agenda. Enjoy the trip down to the bottom of the rabbit hole my friend...
http://redefininggod.com/the-rockefeller-plan-for-the-brics-new-world-or...
ZerOhead:
I was already familiar with following Alice down the rabbit hole of that kind of article which you linked.
But nevertheless, my view is that despite the ruling classes being able to control other human beings through having perfected the techniques of backing up lies with violence for thousands of years, their agenda has become criminally insane. My view is that NOBODY, including them, is able to fully comprehend the meaning of globalized electronic frauds, backed by atomic bombs, etc. ...
Although I agree with others who have followed Dorothy up the tornado to attempt to understand the AGENDA of the ruling classes, and appreciate the degree to which they appear to be accomplishing that AGENDA WITHIN HUMAN CIVILIZATION, my perspective is that their ability to be able to control other people through backing up lies with violence, no matter how perfected that may well have become, STILL has serious flaws, which are inherent to the paradoxical ways that the excessive successes of ENFORCING FRAUDS are their own worst enemies.
I agree with the view that the international banksters and their buddies have long-term plans, and that those plans have been implemented successfully, so far ... HOWEVER, I still regard those plans as being psychotic, runaway criminal insanities. I am asserting that NOT on the same superficial level that guys like Quinn do, when they rely too much upon Hanlon's Razor presumptions, that the central bankers appear to be lunatics, in the sense of mentally incompetent. I agree that the biggest gangsters, the banksters, are competent at being the best organized criminals, and that they surely have longer term plans to attempt to consolidate their global hegemony over the public "money" supply, and through those means, control everything else WITHIN HUMAN CIVILIZATION. However, I am asserting that the entire Neolithic social pyramid style of civilization has become psychotic, runway criminal insanities, and that only gets even WORSE, the most competent the ruling classes are at being able to control that kind of civilization through being able to continue to ENFORCE FRAUDS.
I surely agree that there are hidden levels of "methods in the madness" of the ruling classes. However, I also assert that they too have become trapped inside of their own paradoxical excessive successes at being able to control civilization by backing up lies with violence, in ways which has made that civilization as a whole criminally insane, not merely because they are backing up their money systems with their murder systems, but moreover, due to the inherent paradoxes that controlling civilization through ENFORCING FRAUDS necessarily becoming overall more psychotic, in proportion to how socially successful the ruling classes became at ruling over other through those means.
Neolithic civilizations' social pyramid systems have indeed been developed at an exponential rate for thousands of years, and those have done what they were designed to do, which is make the pyramidion people more and more wealthy and powerful, while the vast majority of other people become mentally and physically enslaved within those systems of wealth and power, based upon ENFORCING FRAUDS. However, in my view, the fantastic sequences of short to medium term successes, whereby the ruling classes continue be able to carry out their agenda to become wealthier, and more politically powerful, STILL HAVE TRAGIC FLAWS, which the banksters cannot fix, because of the ways that they too are stuck inside their own systems of backing up deceits with destruction, or ENFORCING FRAUDS, which overall become more psychotic the more socially successful that those strategies and tactics become. The ruling classes are NOT superficially "lunatics" in the way that those who rely upon Hanlon's Razor tend to presume. Yet, nevertheless, both the ruling classes, and those they rule over, are psychotic and criminally insane in way deeper ways, which will manifest more and more in the longer term ...
I am promoting the development of some Translithic Civilization, which may emerge out of the Neolithic, (IF any civilization is able to survive the contradictions due to pumping up the ability to ENFORCE FRAUDS to astronomically amplified levels.) Overall, I continue to be in favour of global government, however, only one that was based upon series of intellectual scientific revolutions. In my view, the paradoxes are that the kinds of social success based upon the banksters' ENFORCED FRAUDS becoming even more globalized and consolidated profoundly suffer from them having to be so dishonest about everything, even to themselves, which matches the degree to which those they rule over have to also remain so ignorant and afraid that they feel afraid to become less ignorant.
I do not believe that human beings can survive progress in physical science that is not surpassed by progress in political science, which requires profound paradigm shifts. Of course, it is possible that the human species will end up committing collective suicide, due to the ruling classes continuing to be able to control civilization through backing up lies with violence, even after that becomes electronic frauds, backed by atomic bombs. However, theoretically speaking, the ONLY way that the human species MIGHT be able to survive as a technological civilization would be to radically change its philosophy of science (in particular, by better understanding how and why we now have governments being the biggest forms of organized crime, controlled by the best organized gangs of criminals.)
And of course - you are the only one using pure language, have identified the actual clashing models so you are not like quinn at all - you are just more sanely paranoid with your finely tuned grasp on matters - you are worse stuck in the matrix than you could ever imagine because you think you are outside of it so can diss ZH and their fantastic work and contributors from your high salient
there is a lot of new technology and maybe a new golden era of scientific discoveries just in front of us. We should work only 3 hours per week for the same output. Low cost energy means wealth for everyone....The fucking 1 percent grabs now everything very fast as future will not allow getting extra rich.
http://cosmolearning.org/videos/anticipating-a-new-golden-age-with-frank...
The panic $usd buying right now is a farce. It's just a squeeze on the shorts before the shitty employment numbers tomorrow morning.
Same shit different week...Run the dollar up and then sell the shit out of it after the macro.The BoJ has the Kabuki Theatre mastered.
Dunno Yen, Methink that the Greece, Italy et al situation, will have the market better bid for USD. Euro at 1.02 or so before Fed goes QE again... and that is when PMs take off...finally.
Whta is going on with Cable? Way too strong in my opinion. Should be a sell to 1.4500?
Deteriorating internals! You been drinking too much cheap whiskey, frequently. This thing will go on and on as long as the Fed has a "Press Enter" credit card. You think the government wants to pay MORE interest on almost 19 Trillion in debt? Or pretend social programs, like my Social Security, in another year, is rosie and wanton for my membership? Throw all the hype and rhetoric and charts you'd like at it. IT STILL SUCKS! Pretty soon it's going to be the 99% POOR and those that have the rest. And guess what? THE FED MADE IT THAT WAY!!! BECAUSE THEY CAN AND YOU AS A GENERAL POPULOUS ARE TOO BUSY LIVING LIFE TO WHAT "YOU" EXPECTED OF IT! I include me in that group. Blindsided. Hopa, hopa, hopa. Bunch of crap.
It's serfdom coming to your city, town and village.
The joke is on us, people!
Prosperity is having a skill or product for which others are willing to part with the fruits of their labor for. A skill requires education or training. A desirable product requires innovation and creativeness. If you have neither a desirable skill nor desirable product to sell, you are not prosperous but living precariously...
Our economy through QE and low interest rates has become distorted in much the same way as people distort their features through an inordinate number of botox and plastic surgery procedures.
These procedures may have some cosmetic effect in the early phases but they then take over the whole psyche with damaging physical and emotional results in humans and devestating effects on the economic well being of individuals and societies.
The rigor of capitalism demands consistency, savings and failure for those who do not perform up to scratch or who are superseded by improved products or services whereas the current system perpetuates failure in the hope that increasing asset prices will lead to economic propsperity.
As someone once said, "constant prosperity through credit is no more possible than constant peace through heroin."
The only cosmetic surgery I'm looking for is removing the three inch skin tags between my balls and leg. Those are REALLY starting to itch. Other than that, I could give a rat's ass how my balls look...it's not like they're in any use or anything. The last blow job I got was my wife getting rid of dust and spider webs. Excitement takes an appointment and three viagras. {shifting tie} I tell ya, it's tough getting old.
The only thing that has saved the ponzi oligarchs to this point is television.
common sense says.... pay no taxes, print money
this is the rape of the country by game playing, experimenting central banks that remove the concept of money as a transmission mechanism and any possible store of value into a....goal driven spreadsheet.
the mainpulation of people's current and future lives via some kind of historic model that predicts the future using probabilistic distribution of outcomes is not only rude, but it is an abuse of the development of civilization via a process of evolution.
the future is not predicated on the past. it is predicated on opportunity that central planning via any political or moentarist system attempts to remove.
live hard, die young at heart...testis sum agnitio ..if you have the chance
I still don't get it.
The Federal Reserve is an Unconstitutional and Unlawful institution that has been dictating monetary supply via fiat currency debt instruments since 1913.
WELL, it's not THEIR fault that the populace of the FORMER united States are too fucking gutless and chickenshit to hang these fuckers (terminate with EXTREME prejudice).
START by blaming the LAWMAKER FEDRES SCHILLS who accept 'campaign donations' from FEDRES-affiliated banks. MOVE ON to the RNC and the DNC, who keep giving the populace the CHOICE of the LESSER OF TWO EVILS, every fucking 'election cycle'.
ON and ON, and ON and on and on...
LOOK IN THE FUCKING MIRROR and ask yourselves (those who wrote this, and those who read this) if you are LITERALLY willing to take up ARMS to stop what these illuminist Zionist fuckers are doing (and have been for 102 years).
Listening to Janet Yellen speak reminds me every time... her accent is that of a Yonkers Kike who grew up in a family speaking fucking YIDDISH. Greenspan and Benjamin SHALOM Bernanke managed to hide it better (because they are, well, MEN, I suppose).
Blaming the FED is all good and well, but what about the REST of the issues?
WELL, if you ended the FIAT MONETARY SYSTEM and went back to the gold-and-silver-backed LEGAL currency, 95% of the issues would DISAPPEAR OVERNIGHT (BUT, since we went off of the Gold Standard OFFICIALLY in 1971 because the United States HAS NONE, this COULD be an issue).
I PREDICT that JANET YELLEN will be the LAST CHAIRMAN of the FEDERAL RESERVE (if allowed to complete her tenure). Global baskets, SDR's, and BRICS fledgelings are usurping even THIS Unlawful entity (with one that when unified globally will be FAR MORE EVIL). OR, the OCCUPIED CONUS will just start a global thermonuclear war on the basis of the 'pre-emptive strike doctrine' imposed by the likes of the NeoCon 'thinktanks' (members of which are of the same Ashenazim/Khazarim beliefs as Yellen).
AFTER the 300+ foot rip was made in the Titanic's hull, and the ship was mathematically destined to SINK, the SMART PEOPLE stood and sat in the smoking lounge, debating as to the exact cause (and the place to exact responsibility). SOME blamed Harland and Wolfe's Belfast shipyard, and some blamed Lightoller, and some blamed E.J. Smith, and some blamed the Board of trade for requiring so few lifeboats that (even if fully loaded) could not save even half of the passengers. Yup.
Dou you ken the idea here? It's TOO FUCKING LATE to worry about who did what to whom.
if allowed to complete her tenure
If allowed to SURVIVE her tenure. Fixed it for you.
The pathetic assholes who run this freak show called America know full well what the hell is going on. They know exactly where this is heading. I'll bet the last dollar I have - they all walk clenching their ass cheeks so they don't shit themselves and constantly praying to whatever god they have this doesn't' implode on their watch. Bastards - every last one of them.
There are those that made fortunes during the Great Depression, and in Weimar Germany. Counterfeiting is bad unless you own the printing press. and can't be held accountable.
When a currency hyper-inflates the best place to be is in debt up to the eyeballs in loans demoninated in the hyper-inflating currency. The currency destruction transfers wealth to the debtor. Just sayin.
Must be a tough job deciciding to raise or lower rates when you hands are basically tied....thanks Greenspan
How about that ?!
So the problems are simply just due to some "lunatic professors"
having a mistaken understanding of economics.
And all along I have been under the impression that the problems are generated
by a materialist economic system that rewards greed and concentrates wealth
and power in the hands of a self-serving few.
And here I thought that the "professors" who appear to implement policy
are only the vetted front men.
Now I am to understand those "professors" were not vetted to disallow others with different appreciations, but just arrived at their positions by happenstance.
The economics professors are to blame!
Just put some professors who have better studied their textbooks "in charge".
Nothing else need change.
Obviously, there will be no opposition to having those "in charge" less beholden
to corporations and plutocratic elite... no opposition at all.
When it does crash, remember this>>>
https://biblicisminstitute.wordpress.com/2014/08/24/the-corrupt-federal-...
Not "lunacy," but plunder and tyranny.
Liberty is a demand. Tyranny is a demand.
My guillotine is a tomato slicer.
My guillotine slices rocks, literally. And I have a number of chipper/grinders that will devastate a car, bus, boulder, anything ... within seconds.
Rerouting the results will result in a substantial bill, however. Don't want blood and guts in Consuela's driveway, wouldn't be proper.
As my mining VP says, "Don't piss off someone who digs holes for a living."
An apt caution.
Somebody has to march the traitors at gunpoint to your guillotine.
Any volunteers?