Get Ready For Crazy

Tyler Durden's picture

Submitted by Jeff Thomas via,

Recently, the Honduras homes and businesses of the family of Jaime Rosenthal were raided by the Honduran government. The properties themselves were seized and other assets taken. The family-owned bank was also seized and has been forced into liquidation, creating potential financial crisis for its 220,000 clients.


Throngs of angry clients, unable to go about their personal and professional business, have blocked surrounding streets, demanding the release of their savings.



In response, the government has promised that each depositor will have the opportunity to withdraw up to US$9,600 from other banks, beginning with the smallest depositors.

At first glance, those of us who live in the First World may regard this sort of crazy seizure as typical Third World governmental behaviour, but, in recent years, the First World has been changing. We’ve witnessed banks and governments confiscating depositors’ funds, increasing capital controls, and instituting asset forfeiture laws that have turned police departments into looters. They’ve created dramatically increased powers for all authorities, leading the populace to live in fear of detention or arrest for the smallest perceived infraction.

Some First World governments have taken a decidedly Third World turn.

And in this instance we see an ironic twist: The raids in Third World Honduras were a direct result of the legalised shakedowns that are occurring in the First World.

With the understanding that the U.S. government now seizes the assets of those they charge with a crime (and sometimes with no charge having been made), the government of Honduras undertook their seizure of the Rosenthals’ assets as a preemptive act, after one of the Rosenthals had been arrested in the U.S.

In essence, what we’re seeing is one government acting in a totalitarian manner to preempt another government acting in a totalitarian manner. Worse, the latter government is that of the U.S., once regarded as the leader of the Free World.

In discussing the event with a colleague in Honduras, I was advised that, as she is British, she has come to assume that the First World, into which she had been born, was more developed, more civilised than the Central American country in which she now resides. Although she was aware of the 2013 bank confiscation in Cyprus and has heard rumblings of new restrictive laws in the EU and U.S., she had not pieced together the fact that, whilst Third World countries continue to develop, the First World is going in the opposite direction and is beginning to pass the Third World level on their way down.

The First One to Make the Grab Gets the Spoils

The Honduran government said in a statement that it conducted the raids and closed the bank because it “wants to prevent the transfer of assets during the investigation.”

It would seem that they were content to leave the future of the Rosenthal businesses to the free market, but were not willing to allow the U.S. government to seize substantial assets that make up a part of the Honduras economy. The choice, then, was to either allow the U.S. plunderers to seize assets located in another country, or to become the plunderers themselves. In essence, “I don’t wish to see my neighbour robbed, but if I know someone’s coming to my neighbourhood to rob him, I’ll rob him myself first.”

If this were to be the only incident of its kind, it wouldn’t be worth the effort to provide comment. However, it may well be a bellwether of events to come. Certainly, those who seek public office (in all or at least most countries) are far more focused on their own benefit than the well-being of their constituents. As such, if they feel that the squeeze is on (be it a political, military or monetary squeeze), we can expect them to behave in a manner that’s intended to save their own skin, not that of their people.

Historically, such conditions begin with a few small warnings, such as the one in Honduras, then, at some point, bubble over quickly. The “crazy” period is usually brief, usually a few years at most, then it burns itself out after the wealth has disbursed.

If this premise is correct, we can predict a period of increased looting by governments in general. We already know that the leading jurisdictions of the First World are in serious economic trouble and are instituting draconian measures at home in order to grab what they can from their citizens on their way down. In addition, they’re spreading their reach throughout the world under the auspices of organisations like the Organisation for Economic Cooperation and Development to loot assets in other countries under the pretence that they constitute “the good guys,” whilst the rest of the world constitutes, “the bad guys.”

The real truth, of course, is that “the good guys” are in no way better than the rest of the world; they merely have more power and, at least for the present, have the ability to presume their good guy status through force.

By extension, we can anticipate that, as the Great Unravelling progresses, we shall see actions being taken by governments and financial institutions worldwide that we’ve never seen in our lifetimes. An aggressive action taken by one entity will cause a knee-jerk reaction by the target entity and, in some cases, chain reactions will occur. In addition, as in Honduras, we shall see preemptive aggressive actions taken in the belief that another entity may move first. Along the way, a sense of what is morally right will lose its importance. In its place, we shall see a “Nice guys finish last,” ethic come to the fore. Those who behave the most honourably in this period will become the foremost victims of those whose ethics have, until the present, been more the product of convention than conviction.

The looting of the tribes is nothing new. It goes back throughout history. It flourishes during crisis times, then subsides, as productivity reasserts itself.

The question that remains is what to do during the crisis period, when, it seems, everyone is going after each other’s possessions.

History tells us that the vast majority of people hunker down and hope that they’re not victimised too badly. In the end, they generally end up as casualties to a greater or lesser degree.

Others vote with their feet. Throughout history, whenever there’s been turmoil in some countries, there have been other countries where the government and/or society is less aggressive and less rapacious. The same is true today. There are many jurisdictions where those who plan ahead can either move permanently, or merely plan to wait out the storm.

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nope-1004's picture

The real truth, of course, is that “the good guys” are in no way better than the rest of the world; they merely have more power and, at least for the present, have the ability to presume their good guy status through force.


Good thing markets are totally free, hey Marty?  Otherwise force wouldn't be needed, now would it?



Coming to a Bank of America, or a JP Morgan Chase bank near you soonest.

Goldman will have us all licking their Sachs for extra calories any minute now.......

RaceToTheBottom's picture

But don't worry, Bankster bonuses will continue as before.

0b1knob's picture


Let me make a wild guess.  He's Mormon.

pupdog1's picture

No... That's a traditional Amish name.

Jay Gould Esq.'s picture

For a moment, I thought that was an image of a "Black Friday" Wal-Mart crowd.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Jay Gould Esq. Nov 12, 2015 8:10 PM

"Some First World governments have taken a decidedly Third World turn."

WELCOME... To Obamaville.

Keyser's picture

Rosenthal? Hmm, makes one wonder if it's the same tribe that is linked to the Clinton Foundation and their absconding with donations meant for Haitian disaster relief... 

Beam Me Up Scotty's picture

I thought Simon Black said it was a good idea to keep some of your assets overseas. Maybe not. I think the bottom of the lake is the best place.

palmereldritch's picture


It be The Bank of Roatan

Ask about our term deposits....

"Legends continue of ghosts of the past. Ghosts, or "duppees", reportedly have been sighted by various locals. They tell that men burying gold would kill a man, leaving his body with the gold to "watch" the gold. After centuries, the ghost is reportedly tired of watching, and will give someone specific directions on how to find the gold. If those instructions are followed exactly, the seeker reportedly can find the gold. One local tells of a ghost blowing in his ear when he was in a remote area of the wilderness hunting crabs late at night."

McCormick No. 9's picture

re: Government looting:

MOLON LABE motherfuckers. It ain't in the bank, com'n get it if you think you can.

Talleyrand's picture

Well...Ruby Ridge, Whiskey Rebellion, War to Prevent Southern Independence, Executive Order 6102, World Trade Center, Waco, Obamacare, Sacco and Vanzetti, Wounded Knee, Alien and Sedition Act, FRN... What more do you need?

Bill of Rights's picture

Get off your knees boot licker.

SixIsNinE's picture

Arrrrrrrrrrrrrgh  Matey, Land Ahoy, me Pirates !

Stay Flat !

Treasure & Booty there for the Looting !

Explore our Home Plane , BitcheZZZ -do it Like AdMirAL ByRD

Operation HIGH JumP -

palmereldritch's picture

Enterrrrrrrtaining but alas debunked

Search for the PDF of Summerhayes' paper that puts this Nazi pirate booty to bed once and for all

o r c k's picture

sounds like gossiping mosquitos?

OldPhart's picture

Paraphrasing Jimmy Buffet:  "Wastin away, again, in Obamaville...searchin' for my cardboard box.  Some people say there's some banks to blame, but I know, it's everyone's fault."

Keyser's picture

It could be a Jamaica Mistaka... 


macholatte's picture

Will the Clinton assets be seized??...



Just another   Fairy tale

eforce's picture

Honduras is a 1st world country? lol

Stuck on Zero's picture

The difference between a 1st world country and a 3rd world country is ethics. Nothing more. Nothing less.

Beam Me Up Scotty's picture

Then we are a third world country FOR SURE

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Stuck on Zero Nov 12, 2015 9:25 PM

"The difference between a 1st world country and a 3rd world country is ethics. Nothing more. Nothing less."

Short, concise and hits the point well.  Excellent.

techpriest's picture

Someone transitioning between "first" and "third." On the way up it means that the ethics are there but the wealth is still being created. On the way down, it means not all of the wealth has been blown yet.

CapnJackDaniel's picture

It's a historical reference.

Old World = Europe.

New World = The Americas.

Third World = Everywhere else.

Gradually, that last term came to mean shithole, and then elitist wankers with economics degrees (but poor history grades) started assuming that in turn meant there was a 'first world', and they were in it. They were safe to assume that and pass it on, because elitist wankers like that tend to get stabbed early on in the 'Third World'.

new game's picture

first(way it was) plus third(imigrants)=todays fucking mess of cross culture, truely a caldron ready to boil over. i'm out of tolerance, itchy trigger finger, deer hunting and all...

bruce jenner for prez, captures what WRONG in merica go round..

no ha today...

killieboy's picture

Sweden, although just passing through on the way to third world status.

Blue Boat's picture

More like the (semi) rule of law. Fixed it.

Me see few ethics in the USSA.

SixIsNinE's picture

 no - the difference is the number of min wage young bucks with M16s loitering around the ATMs

 - oh, with camo BDUs on to impress the Chickas !

Jeffersonian Liberal's picture

I've heard some people, including those with a decidedly socialist lean who have made a lot of money capitalising (notice the lowercase c) on the fiat system say that, if the economy collapses, they'll simply take their money and move to Costa Rica.


Look at a map.

Even if Costa Rica is friendly and a decent country, it is surrounded by countries whose citizens would make a sport of robbing and killing the stupid rich Americans who thought they could flee to safety and life-in-paradise by simply escaping to Latin America. No amount of USD would be able to buy protection.

Dutti's picture

Unfortunately you don't seem to know what you're talking about. Obviously you have never spent a few month in Costa Rica and the surrounding countries, otherwise you would have noticed that Panama is actually a more advanced and safer country. 

The part where you write: "robbing and killing the stupid rich Americans" can happen anywhere in the world, not the least in the US itself.

new game's picture

seems as though those dirty white europeans float to the top, ha

all things considered

could always move to rowanda, wanda? ha again

how about nigeria, anywhere in frica? ha for the third tyme...

geez, what colorfull conversation.... 

Ace Ventura's picture

That may be the case...TODAY. But rest assured, when TSHTF in one of those caribbean or central american paradises....the first conveniently-available patsies the current government will point the finger to....are those dastardly gringos. Look at them...they come here with all their riches and live like YOUR country, amigos! Off with their heads!


The Pope's picture

 "For a moment, I thought that was an image of a "Black Friday" Wal-Mart crowd."


No way - Not enough fatties.

Vuke's picture

Nonsense.  The name is authentically Irish......

uhland62's picture

It translates as Rose Valley. May mean what you think, but not always. The old Frau Rosenthal who lived underneath us in Berlin would not have been there had she not been German. 

If this is the new world order I want the Cold War back.

V for ...'s picture
V for ... (not verified) 0b1knob Nov 13, 2015 12:16 AM

Definitely not kosher. Mush be shome mishtake (Ed). Maybe martian?

Buck Johnson's picture

I have a strange feeling that Jewish bankers and businessmen aren't going to feel to safe anymore after all the shit they have done.


Johnny Horscaulk's picture
Johnny Horscaulk (not verified) Buck Johnson Nov 13, 2015 4:04 AM

Theres no chance of global coordination amongst a highly ethnocentric minority, Citizen. Cease your microaggressions, and look no further into this matter.