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Mark Spitznagel Warns: If Investors Thought August Was Scary, "They Ain't Seen Nothin' Yet"
The man who made a billion dollars on Black Monday sums up his strategy perfectly in this excellent FOX Business clip with the money-honey, "I'm a hedge fund manager that actually hedges for his clients. This is something of an old fashioned idea in this day of just gambling on the next Fed bailout." Spitznagel, who is wholly unapologetic in his criticism of The Fed (and any central planner), unleashes eight minutes of awful truthiness on what is going on under the surface of the so-called 'market', concluding ominously, "if August was scary for people, they ain't seen nothin’ yet."
Grab a beer and relax...
Some key excerpts:
On Universa's tail-risk strategy..
"We tend to lose or draw—most of the time—these small battles or skirmished. But, ultimately, we win the wars."
On the Great Myth of centrally planned economies..
"Great myths die hard. And I think what we're witnessing today is the slow death of one of the great myths of human history: this idea that centrally planned command economies work, that they're even feasible, and that they can be successful.
It's one of these enigmatic mythologies of the last hundred years in particular that we've been grappling with, and here we are today yet again thinking about this. Let's remember that in the last hundred years a lot of blood has been shed over this mythology. And here we are today, how did we get here again?
On today's "all alpha is beta" hedge fund community...
There was this notion not long ago of the Bernanke put, the Greenspan put. It was sort of a dirty thing to admit that it was part of our investment strategy. But today, it's everyone’s investment strategy."
On "it's different this time"...
"I think that another generation will look back and say 'how could you have made that mistake all over again? How could you have failed to understand Hayek's notion of the fatal conceit, that central planners can't do better than the dispersed knowledge and signals of free market processes?'"
On the crazy world in which we live...
"There's something self-fulfilling about this mythology, only in the short run.
But in the long run we know that it is ultimately self-defeating. When bureaucrats mandate low interest rates it doesn't spawn long term productive investment. What it spawns is this short term gambling, punting on momentum-driven moves, on levered buybacks. This is the world we're in today."
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who's this jew now...,
Hedger....what else
sorry had to say it. With a last name like that and making a billion dollars in a day, somebody had to warm up the ovens
I've seen some commentary online with "proof" that he couldn't have made a billion dollars that day because the volume wasn't there. Might have been at $1 bil mark-to-market intraday but apparently couldn't have covered and locked in profit.
https://www.youtube.com/watch?v=NEhEQD0YyF0
The fact that we are even discussing $1B moved in a day shows how fucked up the fiat monetary system is! The central banks have printed so much funny money that on a large swing some asshat like this banker swoops in and grabs his clients a fistful of billions.
THE. SYSTEM. IS. FUCKED.
1 Day Late
and
1 $Trillion Dollars
short
Read it and weep.
Seriously? This guy just said on national television what us 'crazy people' have been saying on here for years, and all you guys can do is bring up the Jew thing because of his last name? Who. Fucking. Cares.
And no, I'm not a Jew. I just don't like automatically dismissing what the guy has to say because he is Jewish.
B-b-b-b-baby, you just ain't seen nothin' yet!
I am getting whiplash from the force of my eyes rolling back in my head. This is ZH FFS. You don't recognize the Olympic swimming hero of the 70's when you see him?
On the prophetic analysis front - we are approaching the last prophetic watch window for September 19th - September 25th.
Encoded Madonna videos speak to a nuclear event for the 23rd (New York). UBM1.org prophecies speak to a near instantaneous 70% market collapse. Z3News is speaking to a German bank default for the 25th.
http://beforeitsnews.com/conspiracy-theories/2015/09/nuclear-false-flag-...
http://z3news.com/w/watch-out-global-economic-collapse-starts-in-germany...
http://www.ubm1.org/?page=dreamsvisions
Encoded Madonna videos?
Yeah. I'd go with that one too. The traffic cone titwear just adds to her credibility.
"Anything Goes During The Super Shemitah"... which begins on September 23rd.
http://cosmicconvergence.org/?p=11358
Revised headline: "Mark Spitznagel Warns: If Investors Thought The Great Depression Was Scary, "They Ain't Seen Nothin' Yet""
The financial crisis is bad. But humans have endured worse. This isn't the Black Death. We'll get through it.
Madonna has tinfoil tits to go along with our tinfoil hats.
He shaved his porn mustache! I see it now.
Agreed. His book is an amazing. Read "The Tao of Capital".
this is a hate site now Carl getting to be like Stormfront around here
I love to hate those haters who love to hate this website and every one of it's participants because of the hateful comments of a small minority.
aww, thanks, and I hate you too, Dear Dame Possum...ZH is the den of hateful, thoughtful, people that speak their minds and could give a rat's ass on what the rest of us think of them. You're the epitome!
PC needs to die - that includes allowing haters to hate.
If you have a working brain with the power to reason, you can sort it out yourself, but to muzzle in the first instance is what got our PC nation to where it is now . . .
the biggest thugs make sure NO ONE dares challenge them..look around at who is immune by .gov decree, by force of law, EU & Canada & USA, these are not victims these are thug criminals..for many it is soooo much safer to OBEY.
Reminds me of the movie, "Silverado". A badge is a license to steal,,,
;-D
Why do people insult rats by degrading their asses?
Shouldn't there be an organization created to fight for those underrepresented rats and their asses?
How about a rat's ass czar?
"Sticks and stones will break my bones, but names will never hurt me". This has worked for me my whole life. Blow all the hot air you want, come at me with a bat and I'll take you out at 100 yards.
I wasn't trying to 'disallow' anyone from hating anyone. Believe me, inno way am I calling for censorship or anything like that. I'm simply pointing out that it's fucking stupid to dismiss someone who fucking AGREES with you because they are Jewish. People are free to say whatever they want, just as I am free to point out the logical fallacy of talking shit about someone that's on your side.
The first thing you have to find out is if he has dual citizenship, because that would be proof that he is an American Zionist, which is far worse than just an Israeli Zionist. This is because American Zionists are prefectly willing to screw the American Goy in order to advance their racial supremicist theories. Jews, especially Zionist Jews, put Nazi's to shame when it comes to supremicist race theories.
Jews must be either openly anti-zionist, or they are Zionists themselves. Sorry, there is no middle path. All those Ayatolla's are correct, Israel is an abomination.
Ok. And that exactly does that have to do with his message? Would that make him wrong, even though he agrees with the prevailing opinion on here?
Carl bro, there is no reasoning with these people. Kids who aren't even Jewish by Jewish definition because their mom wasn't Jewish would be seen as needing to be put down by these guys. There is no logic, there is no argument.
The extreme zionists and the neo-nazis are like carnival mirrors of eachother. Just like the fundamentalist Christians and fundamentalist Islamists. Somewhere along the way the extremists displaced any kind of civic discussion of the world because they won't let go of the microphone.
Meanwhile, the sociopaths who run things gleeful move like Chameleon's into whatever group holds power like shifting sands. Those guys LOVE to give the microphone to the extremists because they profit from the confusion and chaos the extremists create.
Funny how that happens everywhere, isn't it? Maybe it's because every time someone overturns a stone of corruption, jews scatter out from underneath it.
Exactly! Recognizing a pattern is not hate, just reality ...
I think the problem for Jews is that they are such a small segment of the population, yet they are driven to excel at whatever they do, good or bad.
There are really great Jews (some of the best, most intelligent people I have ever known), and others who seemingly validate Nazi propaganda. Whatever they do, they make an IMPACT, and that draws attention.
Unfortunately, the negatives draw more attention than the positives.
nice comment, plus 1
Absolutely correct. The nasty Jews are really, REALLY nasty and also not really Jewish, much like the so called Christians and Muslims who preach hate and superiority. Just like the nasty English and European vestiges of nobility are really, REALLY nasty. For whatever reason those guys always get a pass. The families in Europe that have been rich since the Roman empire somehow are always given a pass I don't get it. The truth is that whether they are Chinese or Iranian or Turkish or American those with a lust for power are fantastically nasty and give the regular people who share their skin tone or religious belief a really bad name. The overwhelming majority of people in any population are reasonable people who just want to do well in life and provide for their family and friends. It is the 0.01%-ers who give no fucks about anyone who make their own people look bad. Hell I got people in my family who are like that, it doesn't mean the rest of us are evil.
LOL! +1
Ahhh a Jew gets hurt feelings..................... Shouldn't you now bring up the holocaust and how bad it was to garner the sympathy vote.
Yes, so were Rothbard, Von Mises, Ayn Rand and many others that I admire. There are good and bad in all groups except terrorists, regardless of which flag they fly.
Ayn Rand was one of the ugliest women in living memory. Both on the inside and on the outside.
all the downvotes shwos the ZH readers are either fags or blind. or as fukked as rand was. After all, she professed an admiration for a child killer.
Ayn Rand was one of the ugliest women in living memory.
War on women......Hillary is not going to be pleased with you.
Who is John Galt?
Look what pleasing Hillary got you, Vince.
john galt is who ayn rand was before she "identified" as female, lol
"There are good and bad in all groups except terrorists, regardless of which flag they fly."
Great, the terrorists are funded, trained and supported by our War Criminal Government, guess which flag they secretly fly.
Mine's been on Distress since ObamaCare in 2010. So has my Dad's, though he does go for a week or two with an inverted Soviet Flag. Traffic to the mines means about fifty truck horns a day. Good thing the Air Farce made him deaf.
You're forgetting that one mans terrorist is another mans freedom fighter.
Uh...not really.
WHAT PART OF RAND PAUL DID U MISS; HELL-FUCKING LO!!!!
time to connect dots, ha
i may not agree with rands complete platform
but,
at least someone that would try to undo the mess and return this once great nation to some semblance of free markets.
bernie, socialism, yea fucking right.
trump-fucking wild card.
hope, reality>fucked again, ha...
Yeah...Bernie Sanders/socialism is our problem. Lol.
Capitalism, socialism, communism, free markets, democracies, republics don't exist. What exists is simply varying degrees of theft by the ruling class from the productive class under the guise of some bullshit social construct made to appear as if the productive class actually has some say in what really goes down. Oh and so that rebellions take place less often, some of the money from the productive class is also funneled to the welfare class - some of which actually need the help, and some of which take this money fraudulently just like the ruling class commits fraud upon the productive members of society every fucking minute of every fucking day.
Hegelian dialectic. Simple as that.
~"Seriously? This guy just said on national television what us 'crazy people' have been saying on here for years, and all you guys can do is bring up the Jew thing because of his last name? Who. Fucking. Cares."~
Thank you, Carl. You nailed it on the head. Also, your post has inadvertantly outted the seven anti-semites, (anti-Jews?), here. They are the ones who downvoted your post.
I do not care if the guy's a Jew. I do not go through life liooking at people through that prism. Frankly, ol' "Sharp Nail", (as pointed out by another post), seems to be dead on and if the guy killed it last Monday, he's doing something right and apparently knows/understands what is happening. That's more than can be said about ALL of the Fed, and that's fucking scary. I'm gonna' have to read the man's book, The Dao of Capital.
For the record, I'm not a Jew either. I'm a rabid anti-papist, mildly protestant, barely C&E, (Chistmas&Easter), Christian. NYAW! (As if it was anyone's bid'nes'.)
It's not the "Jews". It is the Zionists.
Regardless, America desparately needs to get rid of ALL dual citizens in power positions in government, central banking, and the MIC.
i picture the auto-antijew comments, like little kids who never go out from their basement, reading conspiracy sites all day and smoking bags of weed thinking they know everything better thann others, can't even realize they gettin propaganda too.
it is not about a group of jew its about a group of people, a very rich one !
We al know the system is f*cked and rigged, so complaining about it will not change it. In my view, it's better to accept and play along, or simply get out.
I shorted the 1995 and 2020 (wave 4 up), for a retest of the 1860/1830 lows, wave 5 down.
http://tripstrading.com/2015/09/19/sp500-wave-4-up-finished-wave-5-down-...
Enjoy the weekend!
Money for nothing, is offensive..(they could not write the offensive word Faggot.) banksters now they can print money from nothing and the canadian government finds that OK, this is the idiot world of .gov.
"Vancouver — The Canadian Broadcast Standards Council has ruled that the 1985 rock and roll hit "Money for Nothing" is too offensive to be played on Canadian radio.
The Dire Straits song, written by Mark Knopfler and Sting, includes these lines:
"The little f----t with the earring and the makeup
Yeah, buddy, that's his own hair
That little f----t got his own jet airplane
That little f----t -- he's a millionaire."
The lyrics are meant to be from the perspective of a working man.
The song was number one on U.S. charts for three weeks in 1985, and was the group's most successful single.
The Vancouver Sun reports that a complaint was filed last February, after the song was played on the radio station CHOZ-FM. The complainant called the song "extremely offensive" to lesbian, gay and bisexual Canadians.
The Broadcasting Standards Council ruled that "f----t... even if entirely or marginally acceptable in earlier days, is no longer so."
one could look at a .gov "standards council" finding a word un acceptable, as the highest form of tyranny, for a word only has non physical life in each human brain- .gov thinks it can rule over our inner lives. how this relates to money and investing and economics I leave to the ZH family..I think it is at the crux of FRN power.
To move the NYSE 1% you need $180 Billion.. So it gives you a picture that since the Yellen speech it went from 16,800 to 16,200 in hours - a 3% move? so roughly half a trillion sloshed around..
Well, spitznagel means "sharp nail" auf deutsch, but what to trust, what to trust? Really though, if people aren't shitting their pants daily they're simply not paying any attention. All the safeguards have been broached (Constitution, bill of rights, fiduciary responsibility, accounting fidelity, sound money, rule of law, even kindness among men). The lifeboats have been machinegunned. We're in the psychotic reality of "earnest and learned" people proposing negative interest rates. For whom is that? Only sovereign bond holders, everyone else like everything physical else will have exorbitant "premiums" applied.
What you think is yours, isn't. The fragile paradigm that's held for around fifty US years is failing. All the asset classes are under hard rigour, desperate duress. Your life and lifeblood are the precious. This pernicious and avaricious system will by silent means and by levers acted upon from a distance slowly and then suddenly extract every token of pretended wealth.
See France 1790's, Germany late 1920's, Russia mid-1910's, China late 1940's--read the periodicals if you can find them. Research the telling shadows which speak of things to come. This all has an earlier reference, and the USA which has interlinked throughout the globe shall be pulled down. It's more than privileged secret societies and their conspiracies. Those participating, hoping to derive benefit from the giant sacrifice will be surprised when the fall catches them too. Altogether rotten. The fruits of a corrupted tree. Choosing ease without labour, taking gain without stock or trade, sycophancy and parasitism.
The Ivy Wife, Thomas Hardy.
Atlas refuses and decomposes.
Scooby wants a loan! A-rhoo-roo!
And yet nothing is done or offered as a solution to cure this insane cycle of QE. The problem is systemic -- baked into the usury cake. How I wait with bated breath for one of these know-it-all hedge fund billionaires to state openly on prime-time TV that debt-based currency is the cancer that must be removed!
Then I woke up from my dream.
Well .................................. JA!
About 500 years worth ..
About time for another epiphany / REFORMATION?
http://www.truecovenanter.com/truelutheran/luther_trade_and_usury.phtml
Not exactly a hedge-fund billionaire. More of a one-of-a-kind currency expert -- TRILLIONAIRE!
But he'll oblige ya ..
We cannot quite resurrect a brilliant, bold, no-nonsense 16th century German confessional Lutheran scholar. We are going to have to settle for a Roman Catholic Pollack from Milwaukee in this century. He'll do fine. He gave Wittenberg and Magdeburg back their liberties. (among others, such as entire Eastern Europe) Not bad for a Pollack ..
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp
"Debtism" is capitalism. Capitalism is control over the economy by private owners who do not contribute their labor to the equations. Ostensibly they provide capital, but in reality they only provide soon-to-be-worthless Federal Reserve Notes to business operations...
I have addressed the question in more detail above.
That is total bullshit.
Capitalism assumes a sound money supply , as soon as that is gone it becomes crony capitalism...( a fucked up form of socialism).
Se non e vero, e bon trovato.
The author of "WANTA! Black Swan" admits he wrote it prior to meeting Wanta, and all the independent documentation of the alleged court cases I found requires a google login to view. I will pass.
Great post.
Bet you are a writer in "real life."
Ouch, ouch...the bankster Von Mises Trolls down voting hurts so much.....ouch.
Heh, heh...you only give away your position....now we all know I said things the Rockefeller Von Mises butt-lickers don't like.
For anyone only loosely familiar with Von Mises, the Austrian school, or Rockefeller, go here: http://redefininggod.com/the-rockefeller-plan-for-the-brics-new-world-or...
Don't let them fool you as they are paid to do.
Von Mises is a pro-Oligarch, London School of Economics, Rockefeller Foundation product. They have a plan in place that started almost 100 years ago. We are not boiling frogs.
"What it spawns is this short term gambling, punting on momentum-driven moves, on levered buybacks."
Does anyone else here see the contradiction in slamming "centrally planned command economies" and then lamenting that the "opposite" (or the world we're in today) only results in "short term gambling, punting on momentum-driven moves, on levered buybacks"
The Nazis perfected double speak. If this kind of article passes for serious critque, then the Nazis won.
If everyone wants to cling to Monoply Capitalism, then there is no argument, because it is what exists.
If people want "no" regulation at all then you get "short term gambling, punting on momentum-driven moves, on levered buybacks", not to mention abuse of the working class and eventual crash/depression.
The ideal would be a hybrid of "free amrket" with controls to prevent "monoply"...however, it is not easy to do when politicians ("regulators") can be bought.
So, seriously, how can a "free market" (with monetary gain as motive) ever be "free"? I would love a solution, but the "motive" seems to keep preventing one.
If motive were not "service to self" (gasp!), it might work...but certainly not overnight. The transition must be in decades at least, as we didn't get here overnight.
But if there is no desire to "start", with some way of solving graft elements in the motive, then we continue to sprial down...only this time we have nuclear weapons (unlike the last depression).
All serious ideas welcome.
As the Social Engineer of the 2008 downing of Bear Stearns & Lehman Bros., as well as the USA, I can assure you that there are no solutions to America's financial problems. The USA is going down for the count with my boot firmly placed on Wall Street's neck.
Note: By the time the USA understands the calculus it will be at least a decade too late. America, and the world, are effin' fucked beyond all hope I assure you. Moreover, if there was a solution it would have become obvious by now. Don't waste the remainder of your life attempting to solve something that cannot be solved.
Well, your faith in humanity (present company aside) is overwhelmingly bullish!
I do like the boot on Wall St's neck line....priceless image!
Fuld had to be taken down along with the MIC, CIA, and the Dark Pool Derivatives Universe. There was only one way to do all at once.
Note: My apologies to everyone not directly involved.
yes! Don't stop now!!!!
See all of the Trolls come out en force? They fill the column fast to bump us down and fire up the multiple profiles...so sad...the fucking, backstabbing sell-outs of this country! Add them to your list!!!!
Extraordinary Rendition Airlines(tm) only has enough seating for the worst offenders. In brief, I can only waterboard the worst neocons, & neolibs, plus the 1%, but I assure you they are all on the list.
"Extraordinary Rendition Airlines(tm)"
ROFL, Brilliant! Please do tell me when the novel comes out!
Yo mou, regarding your comment below, isn't the King James version of Revelation where they mention the Harlot of Babylon?
Yes, the Whore of Babylon is mentioned in Revelations. I have always figured that it is Queen Elizabeth II.
I am becoming increasingly convinced that it is the global financial system which is certainly doing everything possible to fit the prophesied outcome.
Calculus! This shit is 2+2. Elementary dear Watson!
Nyet, read Revelations King James Bible.
" Revelations King James Bible"
Oh Master, do they deserve fair warning?
I rather like Z/Hers so, I think they are worthy of fair warning even though I get downvoted often.
:|
"even though I get downvoted often."
Remember, quality over quantity.
Style over substance (all the rage) is so base.
[claps for MOU]
The profit motive is an essential element of "free markets". Profit motive, risk and uncertainty drive the free market and lead to progress and greater efficiencies. Every human action is designed to increase satisfaction or relieve or avoid pain. The profit motive is a consequence of this primary motive. It is natural. It is organic. It is the basis of every action you take or don't take. Remove the profit motive and progress grinds to a halt. It is the primary catalyst of progress and the mother of invention. But don't take my word for it, take it from someone much smarter than me. Ludwig von Mises wrote a tome titled Human Action, I recommend it highly for both its economic theory and its contribution to the understanding of human nature.
"Every human action is designed to increase satisfaction or relieve or avoid pain"
You see the Darwinist "leap" you take when you anwer this unfounded "humans needs" qustion?
Humans are not animals, our hsitory and the fact that we are even here completely contradicts Darwinist "competition".
If the "fittest" survive by competition, then there should be only one man left...there would be no growth in population as each new person is a threat in the animal world.
No, we are here becuse of "cooperation"...like the trillions of calls connected, the electricty delivered to millions of locations around the globe, the air traffic, the vehcile traffic, shipping acoss oceans, billions of tons of products produced, delivered, distributed and purchased each and every fucking day is pretty much a decent example of "cooperation", no?
I should have said "all serious, non-Von Mises ideas welcome"
Oh, humans don't act in their own self-interest?
If we didn't, we'd all be dead. Why are all of those people delivering electricity and air traffic, shipping across oceans, and doing everything you said; self interest. The beauty of Mises and his defense of the Free Market.
I just re-read Animal Farm, by George Orwell. You're definitely Napolean.
Me thinks you are wasting your time with this one....
How is calling a spade a spade somehow advocating a collective fascist state?
Where are those words in any of my statements, asshole?
And, you can read? I am impressed.
"The beauty of Mises and his defense of the Free Market"
You dolt! Von Mises is a Rockefeller Foundation product....
If you are not a paid Illuminati Troll, then go here and be informed before you speak.
http://redefininggod.com/the-rockefeller-plan-for-the-brics-new-world-or...
There is a 200 year history of planninng involved in this culmination called "today".
That would probably explain why his theories are basically just reductionist marxism mixed with liberal ideology; or just a cruel connection of fate between these beliefs and their bankster masters.
"That would probably explain..."
Yes, but if you play chess, and not checkers, and can understand "double entendre", then you see that one peice (liberal Marxist ideology) is the honey trap for the second piece, the implementation of a global, one-goverment, Oligarchy that will "spread the lack of wealth" to anyone outside of the .0001% , making them mere slaves.
sorry about the duplicate.
"That would probably explain..."
Yes, but if you play chess, and not checkers, and can understand "double entendre", then you see that one peice (liberal Marxist ideology) is the honey trap for the second piece, the implementation of a global, one-goverment, Oligarchy that will "spread the lack of wealth" to anyone outside of the .0001% , making them mere slaves.
What you call cooperation is actually the division of labor, which is inherently a product of self-interest and the result of free market machinations. Your lack of understanding of human nature is exceeded only by your ability to misinterpret the nature of an outcome.
"What you call cooperation"
What you call "the division of labor" is a term coined by Karl Marx.....DOH!
"Specialization" is what you describe, but clearly have only the understanding of a 17 year old.
You preschool "econ" hobbyists here who shoot from the hip have no fucking idea what you are talking about.
If you have never studied at the Univertity level, you would know that Sociology is the apex of stduy of "human behavior".
"Economics" is a "subset", more a statistical "tool" used in the study of human behavior.
You cannot separate the two, like the CNBC wannbes would have you believe.
There is no science in Economics, because if you have read any Sociological material , you can plainly see that human behavior is always "unpredictable".
The Reptilians really hate that....heh, heh.
Wow, you are so misinformed it's kind of amusing that you have no shame in displaying your ignorance. "Division of labor" was coined by Marx? I believe Plato would beg to differ LMAO. You've pretty much revealed yourself to be an idiot, so I'll bow out of this. Only a fool debates with a fool.
"Division of labor"
Wow, another Millineal WIKIPEDIA SCHOLAR!!!!! WHAT A MARVEL....HE TYPES SO FAST...IS SO KEWL....IS TAKING "SELFIES" NOW AND BROADCASTING TO ALL HIS FB "FRIENDS"....LOL!!!!!!!
You obviously have never read Plato, nor Marx. You take Wikepedia, famous for its political editing, as gospel.
That is why, my friends, we will be doomed. Sad.
Rewriting history based upon the 200 years of economic anthropology that studied satanic mills and calling it 'human nature' and 'understanding' is about as far from the truth as you can possibly get.
There's a reason why Darwinism and Capitalism have the same primitive idea at its core, and that is the reductionism of secular and liberal myth. People never lived as the liberal myth suggests, what they described was of people in their own societies. Liberalism was founded in the idea of ending the 'war of all against all' by including those outsiders in the kingdom.
See a pattern resembling the current world situation?
"Rewriting history"
Stunning.
So, is that why the Smithsonian Institute just admitted to falsifying data, hiding physical archeological evidence for over 100 years now?
Because the "evidence" points to Darwin? Seriously?
I am no bible thumper. I am no Utopian "liberal" as you imply.
If labels and status quo, National Geographic articles are what you have to discuss something so revealed, then I suggest you go back to the "books".
There is no such organization as the "Smithsonian Institute." The government organization and museums are the "Smithsonian Institution."
And division of labor was described fully by Adam Smith in the discussion of the pin factory, long before Karl Marx published his writings.
I'm sure you will appreciate these small corrections.
Per snopes that is an long lived false story.
http://www.snopes.com/media/notnews/giantcoverup.asp
Posting not because I care so much, but because when I come across things I haven't seen before I google.
Snopes.com is a disinformation/propaganda tool.
Try typing "snopes disinfo" into Google and take the time to read.
Many websites start out on a good foot, then are co-opted or sold, and then morph into disinformation, misinfo, and honeypots.
Like the one you are reading now.
Snopes is no pillar of authority. They are known for their bias too.
You ask the impossible. There are no "serious, non-Von Mises ideas".
Nice try with the double speak bullshit. I had to look it up. Well golly gee. I found your posts as examples.
"You ask the impossible"
Why is it that every time someone merely "questions authority" that the immediate self-defeating answer is "You ask the impossible"?
Look around this country, or any first-world country.
There are generations (who left too soon) that built a pretty fucking amazing machine!
Just because you don't belive in yourself, don't drag us all down with you.
Are you describing the Tower or Babel? The Nazi war machine was pretty impressive. Blah blah.
Folks, don't fall for the crapola being spread here.
Majestic12 says it was people cooperating that built things. Free market principles are the definition of cooperation. If you freely choose to trade eggs for bacon with your neighbor that is real cooperation.
If there is a central authority to compell cooperation then it is no longer cooperation but slavery. Sure, some slaves have it pretty easy but others do not, and it is not their choice to make.
Another problem is that Majestic12 thinks that the only existence that is allowable is one where you act as a voluntary or involuntary cog in his machine. Well, I don't want to. What are you, Majestic12, going to do about it? Are you going to come make me or send some goons to do it for you? Either way you are forcing slavery or murder.
If the choice was between you and Hitler, because we all know where your ideas lead, then I'll take the bullet.
" If you freely choose to trade eggs for bacon with your neighbor that is real cooperation."
Yes, exactly.
"If there is a central authority to compell cooperation then it is no longer cooperation but slavery."
Yes, exactly.
"Another problem is that Majestic12 thinks that the only existence that is allowable is one where you act as a voluntary or involuntary cog in his machine"
WTF? Either you are a troll, or cannot see that we agree.
" What are you, Majestic12"
A profile. It is supposed to make you look up the name, the person who called it out, and the person who was murdered for following up to the latter. But I see that you didn't do that.
"If the choice was between you and Hitler, because we all know where your ideas lead, then I'll take the bullet."
I am flattered that you think I have the same power as "Hitler"...but I think everyone here is as concerend as me...are you on medication by any chance?
Typical misunderstanding of what Darwin said.
It is not survival of the fittest individual
It is survival of the fittest traits of a species
Traits like - big ears to hear, forward directed eyes for hunters, side mounted eyes for prey to see hunters..... traits NOT individuals!
Thank you for that clarification. Additionally, changes in the environment impact what traits are most useful for survival and success.
A couple hundred years ago in order to survive and thrive in the Seattle WA area you had to be big and strong, skilled at trapping furbearing animals and defending yourself from hostile natives. Today you can be small and weak but if you're skilled at computer science you will do well. The big and strong who lack mental capacity to master technical skills had best head for the shale fields of North Dakota where their abilities are more suited to the environment's requirements for survival and prosperity.
Times change, and the ability to adapt to a changing environment is the single most important trait for longterm survival of an individual, species, political system, economic system, etc.
Yes, this. If we don't wreck ourselves hopefully there will be more recognization of our differences in the practice of medicine. What is good for you may not be good for me.
http://www.npr.org/sections/thesalt/2015/09/17/441169188/the-secret-to-t...
Well there's two subjects that you are ignorant about, economics and evolution.
You should go for a Trifecta.
If you equate survival of the fittest to evolution, then you do not understand evolution.
what we have now is NOT capitalism. capitalism has risk. capitalism has loss. capitalism punishes stupid. i won't argue that capitalism doesn't need some regulation (for many things--especially public services like ERs and police--there are no markets and regulation is needed). but what we have now is not the regulation of methods, behaviors, etc. what we have is the regulation of outcomes (interest must = 0, SPX must > 2k, reported unemployment must = 5%, etc) and that central planning of outcomes perverts and comprimises all of the society-benefiting aspects of capitalism. a wolf in sheep's clothing is not a sheep! hate the wolf, not the sheep, and you will be closer to hititng the target.
Agreed. You made my point.
Nothing is too big to fail in capitalism. Failure is part of the systems efficency building routine.
"Nothing is too big to fail in capitalism"
Exactly! But "monopoly capitalism" or "Fascism" promotes the collusion of big business and big government....where "risk" is taken out of the pciture for the few at the top.
This creates the "illusion" that everyone buys of a "free market", because there is failure...but only at the middle and down.
Perhaps I misunderstood your other posts.
Yes. Government needs to realize its role is not parent but referee.
Ah, the obligatory comment on "crony capitalism". Capitalism is a system of ownership over the means of production by those who are not necessarily workers in a physical or intellectual capacity. Under capitalism, "investors" bring no real physical or human capital to the table, just tokens that represent the ability to purchase real wealth. Yet they control farms, factories, mines, and offices, because they "worked hard and saved their money and let it grow" or some other hand-wavey nonsense.
Capitalism, paired with the debt-backed monetary system, necessarily leads to concentration of economic power in the hands of a few transnational corporations and their shareholders. In turn, economic power leads to a takeover of the political system. This system is seen in the evolution of capitalist corporations themselves - first they are focused on innovation, but focus slowly but surely shifts to making the most of existing market position and obtaining control over existing assets. They develop massive bureaucracies and unnecessary "bullshit jobs" in sales, marketing, etc. to maintain said control.
Writ large it is plain to see the impact of this on the American society. Dreams that humanity explore space and break the bounds of our history have been dashed, the wealth (real physical and human capital) having been pushed into consumerism and creation of more cheap iCrap that is only reliable to make money. Banks create money out of thin air at interest, not generating real wealth with their tokens but enabling them to make larger and larger claims on existing assets. Americans themselves have degenerated from a proud and progressive people into obese, SUV-driving TV watchers.
"True capitalism" over time turns into "crony capitalism", as slowly and surely as a young and beautiful woman turns into an old, wrinkled grandma.
Is same as Pentium.
1 for you, 2 for me...
Far as I can tell you get that kind of result with all isms.
Best system seems to be a good king/dictator because a wise ruler that prioritizes the health and wealth of his land can do as he sees fit to accomplish that goal without the approval of others.
But that is a hell of a crapshoot as by the nature of the thing one needs to be intelligent, cunning, and at least a bit ruthless to gain and keep such a position so the likelihood of establishing and maintaining a dynasty of benevolent(ish) rulers isn't too good.
For a fine example see Lord Vetinari in the work of Terry Pratchett.
Greed has been hardwired into the Human DNA from our Hunter Gatherer roots. (Pun Intended.)
The tribes which hoarded survived while those that did not starved.
Avarice has also been hardwired. If another tribe was strong enough, or clever enough, to steal from another frugal tribe,then that victimized tribe perished and the DNA wasnt passed along.
At sometime in the past 8000 years the Hunter Gatherers became agraran and "civilization" was born. 8000 years is rather recent when considering the 100,000 year span of the Sapiens.
(Now I assert that is when God intervened and created the Soul Driven Man, separatng them from the animals. The marker, that distinct and profound change, overnight in Historical Terms, is indicative of a massive upheaval in the previous scheme. It was NOT a gradual change.)
But setting that aside for the moment...
Yet the point which I am making is that becoming civilized and agraian, then, industrial, did not change or alter our genetic hardwiring.
Yeah. We are either Monkeys with NUKES...without a soul, OR, we are souls with NUKES...easily CORRUPTED SOULS at that due to the genetic hardwiring...with NUKES.
Now can you rationally ask for solutions from that type of creature? LMAO.
You'd be better off asking a Hungry Tiger which is set on having you...for dinner. The end result will be the same although you will not be as shocked when attacked by the Tiger.
THERE ARE NO SOLUTIONS HERE. NONE.
If you were a Mathematician then you'd know that the overwhelming vast majority of problems have NO SOLUTION. Math is the language of the Universe.
Since Math is the fundamental language, the basis of all, and most Math problems are unsolvable, what does that tell you about most problems in the Physical Universe?
Seeking solutions here is an exercise in FUTILITY. It is vanity.
Acceptance will yield a far greater reward.
So I have no faith here. I place no hope here. I place that into God Almighty.
On the infinitesimal*** chance that I am wrong then I will NEVER KNOW IT.
***The odds of a chance manifestation have been quantified, thus defined. The odds are so great against the chance manifestation that the odds might as well be represented by an infinitesimal.
The truth is that an infinitesimal is an absolute impossibility due to the Quantum Nature of our Universe. At times the Math fails the Physics, the observable. You either have a Planck Unit Distance...or you do not. You either have a chronon...or ypu do not. It is digital.
So a chance manifestation of the Physical Universe is also an impossibiliity.
"THERE ARE NO SOLUTIONS HERE. NONE."
Another Darwinist bullshit apologist's claim that humans simply cannot help but rape, murder and pillage...its in our genes....
Do you even know any history (BBS - Before Brittany Spears)?
Capitalism starts at the Enclosure period where most of you had your names "assinged" by trade...Miller, Smith, Baker, Hunter, Taylor, Mason, Parker, Baylor, Tanner, Archer, Barber, Bowman, Brewer, Butler Caprenter, Cartwright, Carver, Chambers, Chapman, Chessman, Colemn, Cooper, Draper, Faulkner, Fisher, Forester, Gardner, Harper, Hooper, Knight, Marshall, Palmer, Plummer, Sadler, Seargent, Sawyer, Sheppard, Singer, Snider, Spencedr, Stewart, Thatcher, Tiller, Travers, Tucker, Turner, "Tyler" (made tiles), Walker, Ward, Wayne, Webb, Webster, Woodward, Wright, and hundreds more.
Prior to that, the Feudalist system provided exchanged of land (managed) for a portion of crops given to the "Lord". It was a much better deal than now, and the average work week was estimated at 30 hours or less. Moreover, they made more than "subsistance", as opposed to today, where there is no "living wage" excecpt for the rich or their middle class minions.
Prior to all of this, there is little history of exchange being anything other than based on "use value" where the time and effort it took to create a chicken was reflected mostly in the value of the object it was traded for. No profit, or "greed" motive.
Prior to this, there is no "caveman " hunting meat, while the "bitches" waited to be dragged into the cave by the hair of the head.
All archeological evidence proves that "hunting" was minimal and failed 90%, and vast populations survived on "coorperative gathering" of roots, berries, edible plants, shelfish, and carrion. Hunting (real hunting) takes a lot of energy that has to be replaced. Constant failure leads to dead hunters.
So, while all the the VonMises-inspired, illuninati, paid bloggers responded to my open question with the same pre-written Rockefeller Playbook, Darwinist bullshit lies, I still have faith in humanity, the citizens (especially the "real" workers) of this country and a good number here on ZH.
What you call "cooperative gathering" is actually the division of labor, one of the base components of a free market society. Every action is taken with the motive of self-interest and an expected improvement in the individual actor's quality of life, not some altrustic socialist impluse. You look at the collective action and completely neglect to examine the motive, and thus misinterpret the nature of the outcome. Your world view is most shallow and delusional.
There is not one example in all of human history where there is a long standing benevolent society.
I am by no means a "Darwinist".
I am a Christian.
I do not disagree that hunting was minimal. Meat, as a source of protein, was highly prized. Humans were scavangers in that sense.
But I notice that you IGNORED the GATHERER part of the Hunter Gatherer description. That demonstrates YOUR DISHONESTY which serves to demonstrate my next point...YOUR PERSONAL CORRUPTION.
If you would lie me to address original sin in the LIGHT of Scripture then I can do likewise.
Man is corrupted.
Corruption is panndemic to all.
Power and money serve to magnify the corruption within.
Of course this idea attacks your narcissistic World view. You deny your own corruption and even worse you live in a state of self denial.
Thus you will deserve all that is headed your way.
Trace the chronologies of Scripture by using their stated time periods in Genesis and other places. You will find that anything past more than 6,000 years at the absolute most for the entire history of the world isn't Scriptural. You will also find that there is no mention of anything living on the earth that God created in Genesis 1:1-2 before God spoke further in Genesis 1. So your reference to God "intervening to create the soul driven man" is false. Man has always had a soul, ever since God created him. The entire human race traces back to Adam, and before Adam there were no other humans, and no "pre-Adamic race" either. I have found that this kind of compromise of Scripture (because if you can't take God's Word as it is actually stated, then you're compromising it) leads to other compromises. The reason? If you can't believe what God said in the first chapter of the Bible, then why do you even bother trying to believe the rest of it? It's a question of authority. If God's Word is 100% true, then that means all of it, and if your beliefs are different to what Scripture plainly states, then you're wrong.
One other major concern that I have for you is that you are essentially stating that there was death and suffering before Adam and Eve sinned (I challenge you to provide any kind of Scripture reference taken in context to prove that claim). If that is the case, then there was no point to Jesus' sacrifice, because if death wasn't a result of sin, Jesus' death is rendered meaningless. So by you questioning Scripture and holding to a different belief than what is actually promoted in the first few chapters of Scripture, you undermine your whole faith in God and the sacrifice of Jesus on the cross, and essentially you contradict yourself, rendering your faith in Him meaningless. If you actually believed what God said instead of taking it upon yourself to change what God wrote (in the process making yourself the one who determines right and wrong and trying to take God's place), then there would be no contradiction in your faith or what you believed about the origin of life on this planet, and therefore no mental gymnastics when you try to justify why you believe in Jesus as your Saviour in spite of this.
Before you down-vote me, I am also a Christian. I am not trying to tear you down. I am trying to show you where your belief that you currently hold about Creation leads, and that you need to change your view back to what God says in Scripture.
Delusion - If the Biblical Adam and Eve were the first two people, and their sons Cain and Abel were the first offspring, then tell me this: After Cain slew Abel (they and their parents being the first and ONLY people in existence), then where did all of the other people that Cain and his offspring suddenly came into contact with and married, come from there in the Land of Nod? It makes no sense that Adam and Eve were the First People. It is a creation myth, which is not a bad thing, but it is a myth, and contains logical inconsistencies.
6 So Cain went out from the Lord’s presence and lived in the land of Nod,[f] east of Eden.
17 Cain made love to his wife, [where did she come from?] and she became pregnant and gave birth to Enoch. Cain was then building a city [who populated the city?], and he named it after his son Enoch. 18 To Enoch was born Irad, and Irad was the father of Mehujael, and Mehujael was the father of Methushael, and Methushael was the father of Lamech [where did the wives for all of these descendants fome from?].
19 Lamech married two women, one named Adah and the other Zillah.
That is the most common question people give Christians: "Where did Cain get his wife?" The answer: He married his sister. If you'll care to note Genesis 5:4, Adam had other sons and daughters besides Cain, Abel and Seth. The people who inhabited the city were also Cain's immediate family (remember, he lived for hundreds of years). The reason there's no problems with Cain marrying his sister is that at the time the human DNA was perfect. It was only after sin came into the world that there started appearing mistakes in our DNA and it led to God forbidding marrying your brother, sister, etc in the set of laws that were given to Moses. We can see the reason for that now, and that is that if a brother and sister were to marry now, any children would be horribly deformed because the mistakes in the DNA would link up.
Some genes are necessary or beneficial in their heterozygotic form but are highly deleterious homozygotically. The problem with inbreeding is that it increases homozygosity of the DNA. Whether human genetics were "perfect" or not are immaterial to this as perfection comes not just through individual genes but through combinations thereof.
Well, you are continuing the mythology (she had a sister to marry -never any mention of the sisters that I know of, perfect DNA -this is a stretch...Why isn't DNA mentioned in the Bible if it was perfect and known to God?).
While it is true that people used to marry their sisters (Cleopatra, for example, was the result of 7 generations of incest and considered to be a genius), more often than not it produces physically or mentally compromised individuals (look at some European royalty or other closely inbred groups...say, Democrats).
You are trying too hard to make the pieces fit that will never fit.
Majestic12,
I just would like to add that humanity does NOT move, grow in a linear line. Humanity has (had) many setbacks.
I am a stronger believer that humanity will be facing its worse set back EVER, starting next decade.
Here is why:
a) Demographic growing exponentially
b) Debt and promises placed in future generations that can NOT be met
c) A lifestyle that requires more and more energy all from finite sources and dangerous uranium
d) Societies, family, religion, and education built on lies, delusions, divisiveness
e) And, all armed with nuclear bombs
Reg Morrison: “The human brain remains a piece of stone-age machinery, however you look at it, and no amount of culture can make it otherwise. Genetically speaking we are a finished product, not a prototype. What you see is what you get—there will be no bright utopian future— The Spirit in the Gene, page 247.
What do QE and ZIRP have to do with regulation? You seem to confuse bailouts of degenerate Wall St gamblers with regulation. In the free market, everyone is free to lever up and gamble all they want. When they go bust, they should lose all their money and the idiots who lent them the money should also lose that money. We're not against casinos. We're against the government taking our money to give to degenerate gamblers when they go broke.
Anyone who quotes Hayek is good guy in my book. His basic position is no different than many here in ZH and who favor Austrian Economics.
The question as he raises it proper. How do you invest in the centrally planned world? No one can answer with certainty. We do not know how long it can go or how big a pyramid the government can build.
How do you invest in a centrally planned world? Simple, by betting on its inevitable failure. There are several ways you can do that. Bet against the stock market. Simply stick to cash under your mattress (although I would suggest a good safe instead), you can buy gold, and you can withdraw your consent to it by non participation.
Timing is everything on that bet. That could be a very long play. Also, the failure could be inflationary, deflationary, or apocalyptic crash.
I vote for non-participation and stacking thank you.
You sound as if you think "Austrian Economics" (Von Mises, et al), is "not" the architect of the untimate "planned gloabl economy" that has been in the works for almot 100 years now?
Where did you get your Ecomomics degree? Have you ever heard of Norman Dodd?
How about reading something here: http://redefininggod.com/the-rockefeller-plan-for-the-brics-new-world-or...
Hint: It's not a "religious" site.
When done, ask yourself "who" you have been supporting?
You know, that's the "too smart by half" kind of comment.
It's like saying freedom is a path to slavery.
Religion is for leftist, central planners and conspiracy theorists. Free market economics are not a thing you "do". It is simply a description of what happens. That is why I laugh when people talk about Communist-Socialist economic, Keynesian, mercantilist and capitalist like it is something you buy off the shelf.
When I have time I might check out your link but your comment is silly on the face of it.
"Religion is for leftist, central planners and conspiracy theorists"
We have a winner!!!! TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT TROLL ALERT
You said the majic words!
As well you continue to prove that you have no idea of anything, but to spew "cut and pasted" comments given to you by your Troll "employers" to try to steer people here. Nice sell-out, worm.
Btw, "Econonics" is the study of human "exchange behavior"...you can slide rule it out all you want, but either way it is mere "observation" no more.
"Free market economics are not a thing you "do". It is simply a description of what happens."
It is funny that capitalists and darwinists always point to this but do not see the paradox in it. This simple division is what allows you to "do" what you "do" even more, and effectively deepens the religious feeling you get from doing. The mental split from the body is the core of moral relativism; 'It was simply a contract' quite easily becomes 'It's biology, bro.' It is a separation of powers of the mind and body, a very much doublethink mentality of the government.
This develops out of Calvinist ideas of predestination. Effectively what predestination does is reduce heaven and hell into this world. One thinks today, 'if it is all predestined then what does it matter what I do?' But in reality it was quite different and caused people to deepen their religious conviction making heaven or hell present in this world. People of course tried to make it heaven. Otherwise, it is known as the Faustian gamble, or deal with the devil.
Effectively what Calvinism did was turn the parable of the workers in the field on its head. Rather than the eleventh-hour workers showing up and being paid for the day like all the rest, the workers were expected to show up at the first hour and contribute everything they could while payment itself became like the call for eleventh hour workers. They might be paid or they might not. Work itself became payment and coin for the landowners was seen as charity. This is confirmed by historical records which show that from the period of 1600 to 1900 working hours significantly increased to the point of insanity.
This is what capitalism really is, a perversion of the idea of charity set out by the monarchs' bureaucrats. The extent to which you accept its forms of payment or accumulating debt relates to your inclusion in and acceptance of the system, which is really meant to obscure the true gamble of the system. The coins traded and the buildings the coins circulate within are Marks of The Beast.
I read his link, poorly written but it's plausible, it seems to fit together in a neat package. Separately, the pieces make no sense. We're demonizing Putin and riding his rockets to the space station and shitcanned the shuttle.
IMO, the NWO WILL COLLAPSE BECAUSE 7 BILLION CATS CANNOT BE HERDED. Then there are the unintended consequences that these brilliant ones have overlooked. Chemical Engineers build pilot plants and scale up when the shit is debugged. Here they are blowing up the pieces and think they can put it back together in their model slave world. That totally ignores entropy, I.e., randomness, the rise in the unavailability of energy. Hitler was a genius compared to these little heir fucks.
They think they can destroy money and start over with cooperation from the pissed off cats. Just fuck me running.
FreedomGuy,
Your ignorance, and short-sighted understand about the most divisiveness and manipulative human tool created (religion) is astounding, but not surprising.
I would strong recommend that you watch the link below. It’s beautifully done explaining the steps of how we got here.
https://www.youtube.com/watch?v=Ei_Hu1hcsa4
I've seen your posts before and you are a leftist-atheist moron. Get your Che Guevera t-shirt and head down to the enlightened atheist paradise of Cuba. Actually, keep going south and show Maduro how to make it all work.
You are like a five year old calling an adult an idiot and I am too tired to point out in how many ways.
"your comment is silly on the face of it. "
His faux erudition is exceeded only by his arrogance.
I grow weary of people who have all the answers...
I'm off to bed.
To my immediate left is a rack of wood (brother in law project) that has roughly seven months of food, and four cans of "nuts" that contain a combined $15k. I'm a local VIP at the bank we use and I announced, broadly, that I'm rennovating my house and I needed my debit transactions approved up to $10K per day for a month or so, and they complied.
Today I went to the bank and withdrew $13k, no forms, now questions...other than what color of tile I'm getting.
I've bled my account down to $500 or so...still have $15k cash in those nut cans ($20k if I take all the excess shit I bought back to the Stores.)
Mifffed and I will be in your neck of the woods. If you are interested in getting together email me at doug at valcordia dot com.
Invitation sent.
Wow. This is one of the most elegant and eloquent comments I've ever read whilst lurking in the dark corners of ZH. Keep it coming.
The Ivy-Wife
...‘The Ivy Wife,’ which deflates the Victorian metaphor of the wife as clinging vine, faithful to the strong tree who is her husband. In a setting of great energy which eschews the delicacy and gentleness associated with that image, we hear a woman on a mission, telling us of how she set out to find the man whom she could cling to and eventually completely contain, and of the resultant destruction to them both.”
http://www.mooreart.com/music/reviews
Didn't take time to watch but could he not have BTFD since he admitted that paying attention to the Fed is part of what he does since he has to do that to actually do his job now?
Did the article say he made $1B in that specific market or on that specific day? I don't know the portfolio so honest question.
He didn't say he made a billion....the interviewer of the large and soft said it was a billion.
As if it matters, Spitzer
I barely read Z Hedge anymore because of pieces of shit like you.
wrap yourself in the flag and light a candle on 9/11 will ya?
"sorry had to say it."
Bravo, it was funny as well as poignant.
Like he had no "inside" assistance?
What's not to like?
"sorry had to say it."
Bravo, it was funny as well as poignant.
Like he had no "inside" assistance?
What's not to like?