"The Whole Shebang Is Broke" - The Only Thing That's Growing Is Debt

Tyler Durden's picture

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

Two months ago, there was a referendum in Holland about an association agreement between the EU and Ukraine. A relatively new Dutch law states that with an X amount of signatures a referendum can be ‘forced’ by anyone. Before, during and -especially- after the vote, its importance was -and is actively being- pooh-poohed by both the Dutch government and the EU. That in itself paints the issue better than anything else. Both the call and the subsequent support for the referendum stem from resistance against exactly that attitude.


The Dutch voted No to the EU/Ukraine agreement. It was with a turnout not much above the validity threshold, but a large majority of those who did vote agreed they want no part of the deal. This puts Dutch PM Rutte in an awkward position, he can’t be seen ignoring the population. Well, at least not openly. The EU can’t validate the agreement, and with Holland still holding the chair of the Union until July 1, a meeting on the topic has been pushed forward until the last weekend of June. With Rutte still in charge, but only just, and with the June 23 UK Brexit vote decided.


Brussels is frantically looking for a way to push through the agreement despite the Dutch vote, and likely some sort of bland compromise will be presented, which Rutte’s spin doctors will put into words that he can -with a straight face- claim honor the vote while at the same time executing what that same vote specifically spoke out against.


The EU will claim that since 27 other nations did ‘ratify’ the agreement, the 67% of the 32% of Dutch voters who bothered to show up should not be able to block it. As they conveniently fail to mention that nobody in the other 27 countries had a chance to vote on the issue. Just imagine a Brexit-like vote in all 28 EU nations on June 23. Brussels knows very well what that would mean. There’s nothing it finds scarier than people having an active say in their lives.

All this is a mere introduction for what is a ‘western world wide’ trend that hardly anybody is able to interpret correctly. It what seems to many to be a sudden development, votes like the Dutch one are ‘events’ where people vote down incumbents and elites. But these are not political occurrences, or at least politics doesn’t explain them.

In the US, there’s Trump and Bernie Sanders. In Britain, the Brexit referendum shows a people that are inclined not to vote FOR something, but AGAINST current political powers. In Italy, a Five-Star candidate is set to become mayor of Rome, something two Podemos affiliated -former- activists have already achieved in Barcelona and Madrid.

All across Europe, ‘traditional’ parties are at record lows in the polls. As is evident when it comes to Brexit, but what when you look closer is a common theme, anything incumbents say can and will be used against them. (A major part of this is that the ’propaganda power’ of traditional media is fast coming undone.)

The collapse of the system doesn’t mean people swing to the right, as is often claimed, though that is one option. It means people swing outside of the established channels, and whoever can credibly claim to be on that outside has a shot at sympathy, votes, power, be they left or right. Whatever else it is they may have in common, first and foremost they’re anti-establishment.

*  *  *

To understand the reason all this is happening, we must turn our heads and face economics. Or rather, the collapse of the economy. Especially in the western world – the formerly rich world-, there is no such thing as separate political and economic systems anymore (if there ever were). There is more truth in Hazel Henderson’s quote than we should like: “economics [..] has always been nothing more than politics in disguise”.

What we have is a politico-economic system, with the former media establishment clinging to (or inside?!) its body like some sort of embedded parasite. A diseased triumvirate.

With the economy in irreversible collapse, the politico part of the Siamese twin/triplet can no longer hold. That is what is happening. That is why all traditional political parties are either already out or soon will be. Because they, more than anything else, stand for the economic system that people see crumbling before their eyes. They represent that system, they are it, they can’t survive without it.

Of course the triumvirate tries as hard as it can to keep the illusion alive that sometime soon growth will return, but in reality this is not just another recession in some cycle of recessions. Or, at the very minimum this is a very long term cycle, Kondratieff style, . And even that sounds optimistic. The system is broken, irreparably. A new system will have to appear, eventually. But…

‘Associations’ like the EU, and perhaps even the US, with all the supranational and global entities they have given birth to, NATO, IMF, World Bank, you name them, depend for their existence on an economy that grows. The entire drive towards globalization does, as do any and all drives toward centralization. But the economy has collapsed. So all this will of necessity go into reverse, even if there are very powerful forces that will resist such a development.

*  *  *

Despite what the media try to tell you, as do the close to 100% manipulated economic data emanating from various -tightly controlled- sources, the economy is not growing, and it hasn’t for years; the only thing that grows is debt. And you can’t borrow growth.

You can argue in fascinating philosophical debates about when this started, arguments can be made for Nixon’s 1971 abolishment of the -last vestiges of- the gold standard anywhere up to Clinton’s 1998 repeal of Glass-Steagall, or anything in between -or even after.

It doesn’t matter much anymore, the specifics are already gathering dust as research material for historians. The single best thing to do for all of us not in positions of politico/economic power is to recognize the irreversible collapse of the system. Since we all grew up in it and have never known anything else, that is hard enough in itself. But we don’t have all that much time to lose anymore.

The whole shebang is broke. This can easily be displayed in a US nominal debt vs nominal GDP graph:


That’s really all you need to know. That’s what broke the shebang. It is easy. And even if a bit more of the ‘surplus’ debt had been allowed to go towards the common man, it wouldn’t have made much difference. We’ve replaced growth with debt, because that is the only way to keep the -illusion of- the politico-economic system going, and thereby the only way for the incumbent powers to cling on to that power.

And that is where the danger lies. It’s not just that the vast majority of westerners will become much poorer than they are now, they will be forced to face powers-that-be that face the threat of seeing their powers -both political and economic- slip sliding away and themselves heading towards some sort of Marie-Antoinette model.

The elites-that-be are not going to take that lying down. They will cling to their statuses for -literally- dear life. That right there is the biggest threat we all face (including them). It would be wise to recognize all these things for what they really are, not for what all these people try to make you believe they are. Dead seriously: playtime is over. The elites-that-be are ready and willing to ritually sacrifice you and your children. Because it’s the only way they can cling on to their positions. And their own very lives.

It may take a long time still for people to understand the above, but it’s also possible that markets crash tomorrow morning and bring the facades of Jericho down with them. Waiting for that to happen is not your best option.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
1000yrdstare's picture

YES YES YES, we know its broke, but how can I make a profit from it?.....

Looney's picture


A tiny bit OT…

The Daily Mail has an interesting article:

What a fiasco... Navy's £1bn warships break down in the Gulf - because the sea's too HOT!


Britain's cutting-edge £1billion warships are breaking down in the Persian Gulf because they are not designed for the heat.

Contractors claim the Ministry of Defence did not tell them the 8,000-ton Type 45 Destroyers would be spending a long time in warm waters.

As a result, the six warships have an engine which keeps cutting out in the middle of the sea, leaving servicemen stranded for hours in total darkness.




edifice's picture

Well, ours tried to divide by zero, once... Same result.

Tarzan's picture

The ball should be twice as big, and the chain twice as short...

38BWD22's picture





Fabulous article, I am going to spread the word.  It's now vital for each of us to prepare friggin' now for the times ahead.  Looks like it's going to be very ugly.


Ah, normally I don't post this kind of suggestion, but prayer is likely vital now as well.  Good luck, God bless.

Cheduba's picture

Gotta love the one thing that will inevitably bring this system down - complexity disease.

Kirk2NCC1701's picture

You have only two choices:


1. Stay in the Game. Learn the Rules, the Loopholes, Referees, Judges, Opportunities, etc. and roll the dice as a Beneficiary or Recipient. Good luck.


2. Exit the Game. Good luck.

WassamattaU's picture

This explains the latest "trend" via the WSJ (see link below).   Q: Is the WSJ signaling for its readers to exit the game while they still can?


A new wave of settlers has arrived in remote central Texas: affluent buyers seeking luxury getaways on hundreds of acres.
Radical Marijuana's picture

1000yrdstare, that attitude does not account for your standing on the train track of an on-coming train wreck, which you may now be looking at through a 1000 yard stare, but which is accelerating towards you at an exponentially accelerating rate:

The elites-that-be are ready and willing to ritually sacrifice you and your children.

The existing political economy is based upon public governments enforcing frauds by private banks, in ways which are becoming exponentially more fraudulent.

A possible metaphor to use to consider that exponentially increasing fraudulence is through an analogy to the notion of "escape velocity," whereby a rocket can accelerate enough so that it does NOT fall back to Earth, nor even goes into orbit, but rather, leaves the solar system behind, as the Voyager missions have done: http://voyager.jpl.nasa.gov/

Civilization was always based upon being able to back up lies with violence, which became integrated systems of legalized lies, backed by legalized violence, the most important forms of which became the ways that public governments enforce frauds by private banks. Almost exponential progress in physical science has enabled sociopolitical systems based upon enforcing frauds to become exponentially more fraudulent. Indeed, that accelerating fraudulence has reached the point where its ascent is approaching being vertical.

The article above presents this superficially correct analysis:

You can argue in fascinating philosophical debates about when this started, arguments can be made for Nixon’s 1971 abolishment of the -last vestiges of- the gold standard anywhere up to Clinton’s 1998 repeal of Glass-Steagall, or anything in between -or even after.

Actually, there was never any "beginning" to human beings and civilization "starting" as entropic pumps of environmental energy flows, which operated in ways which matched the principles and methods of organized crime. The ONLY things that have changed have been prodigious progress in physical science, enabling enforced frauds to become exponentially more fraudulent. The main ways that happened were that the previous systems of paper money frauds, backed by gunpowder weapons, have become globalized electronic money frauds, backed by the threat of force from atomic bombs. In those ways, the exponentially increasing fraudulence of the political economy is approaching "escape velocity." It is no longer necessary that "what went up, must come down" ... instead, it may all just go away ...

The article above presents the superficial analysis that:

There is more truth in Hazel Henderson’s quote than we should like: “economics [..] has always been nothing more than politics in disguise”.

Since human beings and civilization operate as entropic pumps of environmental energy flows, there has only been one political system, and that is organized crime. Warfare was organized crime manifesting on greater and greater scales. The surviving War Kings made the sovereign states, while then the Fraud Kings, the international bankers, captured control over the powers of those sovereign states, such that those public governments would enforce the frauds by those private banks. The almost exponential progress in physical science continued to be applied through the vicious spirals of the funding of politics, so that those enforced frauds were able to become exponentially more fraudulent.

Money is measurement backed by murder, because the debt controls are backed by the death controls. "Money" made out of nothing as debts was a debt slavery system, which has driven the development of numbers which have become debt insanities, which are set to provoke death insanities:

The elites-that-be are ready and willing to ritually sacrifice you and your children.

The problem with making "money," inside systems based upon enforcing frauds, is that one is thereby contributing to the overall systems continuing to become exponentially more fraudulent. Nearer the "beginning" of that exponential growth curve, it does not look so bad. One can more readily make "money" by participating inside systems based upon enforcing frauds, and therefore, operate as a professional hypocrite, that enjoys the apparent benefits provided through systems that make "money" out of nothing as debts, in order to "pay" for strip-mining the planet's natural resources. However, nearer the "ending" of that increasingly tragic trajectory of increasing fraudulence, the relatively objective realities, that were able to previously have been more easily deliberately ignored and/or misunderstood, become more and more difficult and dangerous to maintain attitudes of willful blindness towards.

While it is superficially correct to perceive that "The Whole Shebang Is Broke" - The Only Thing That's Growing Is Debt, of course, that does NOT mean that the laws of nature stop working. Rather, what that means is that the exponentially increasing fraudulence, based upon being able to enforce frauds, is reaching some sort of limits ... However, at the present time, it is difficult to predict the future trajectory of that exponential fraudulence growth curve. In particular, is it going to finally collapse back to Earth, or has it gone so far, so fast, that it will never come back down in any ways that make any sense within any of the old-fashioned frames of reference ???

While I sympathize that those who accept that the debt slavery systems are "broke" (in the sense that those have generated debt insanities), may still feel that the personally practical question is how to continue to operate inside those systems based upon enforcing frauds, such that they are able to stake some personal claim on the exponential growth of the fraudulence, which is enforced as claims upon the Earth's natural resources, there are serious issues regarding the abilities to continue to back up exponentially increasing fraudulence, with the coercions from weapons of mass destruction. In that context, 1000yrstare, it is quite the intense dilemma than any individual faces regarding "how can I make a profit" from participating inside systems based upon enforcing frauds, which have become exponentially more fraudulent. Personally speaking, I do not have any practical answers to that question, because, several decades ago, I came to conclusion that the combined money/murder systems were too criminally insane to want to participate inside of, in order to make more "money" inside those systems. Rather, I have been watching and waiting, as the exponential increase in the economic fraudulence accelerated, while attempting to better understand that (mostly for my own amusement, since doing so appears to otherwise have no practical political point.)

On Zero Hedge, I find that a lot of people are more and more aware of the degree to which the established systems based upon enforcing frauds are becoming increasingly problematic. However, in my opinion, there continues to be too much respect for those professional hypocrites, who have been able to operate inside systems based upon enforcing frauds, in order to make the most "money." From my point of view, nobody is really making any genuine "profit" from participating in exponentially increasing fraudulence, becoming runaway criminal insanities.

In my view, we should come to better recognitions of how and why civilization necessarily operates according to the principles and methods of organized crime, because the murder systems back up the money systems. However, obviously, the vast majority of people do not understand that, and do not want to understand that. Rather, intense paradoxes, manifesting as sets of consistent contradictions, have developed due to the history of successful warfare being based upon backing up deceits with destruction becoming successful finance based upon enforcing frauds. The underlying problem with that kind of successful finance based upon enforcing frauds is that it has become exponentially more fraudulent. Therefore, asking "how can I make a profit" inside that ought to admit and address the ways that the combined money/murder systems are headed towards debt insanities provoking death insanities. (However, of course, doing so is NOT too consistent with attitudes that will enable the individual to make more "money" inside that context.)

Nothing actually exists than the dynamic equilibria between different systems of more or less organized lies operating robberies. The most dominate forms of that are now the ways that public governments enforce frauds by private banks, which are symbolic robberies. Those systems based upon exponentially increasing fraudulence are operating those social pyramid systems, where the ruling classes are becoming increasingly psychotic psychopaths, while those they rule over are becoming increasingly impotent and incompetent political idiots. The established systems based upon enforcing frauds require that the vast majority of people deliberately ignore and/or misunderstand the laws of nature in the most absurdly backward ways. However, doing so enables the continued enforcement of frauds to become exponentially more fraudulent.

Being able to enforce frauds does NOT violate the laws of nature. However, it does drive civilization towards behaving in ways which become runaway criminal insanities, due to the excessive successfulness of controlling civilization through the methods of organized crime. However, on the other hand, it is necessary that there must be some death control systems, with the human murder systems as the most extreme forms of those. Human beings and civilization must live as entropic pumps of environmental energy flows, which must operate according to the methods of organized crime, because the murder systems must be the central controls of all other systems, and particularly, the death controls must and do back up the debt controls.

Therefore, the deeper questions regarding "how can I make a profit" from recognizing that the enforcement of frauds has become "broke" due to having become exponentially more fraudulent, are actually about "how can I survive" through the death insanities which will be provoked by the runaway death insanities ??? Of course, I have no practical answers to those questions, since the vast majority of people will surely continue to be willfully blind towards those problems, as well as that the bankster dominated governments, and layers of controlled opposition groups, will continue to bury those issues under as much more bullshit as is possible for them to spout, (which bullshit can reasonably be expected to also increase exponentially, along with the overall exponentially increasing fraudulence of the runaway debt slavery systems, driving runaway debt insanities.)

Theoretically speaking, the only realistic resolutions of the real problems would require developing better death control systems, to back up better debt control systems. However, doing so would require series of intellectual revolutions, and profound paradigm shifts in the ways that we perceive those problems. After all, the REAL problems have become runaway globalized electronic monkey money frauds, backed up by the threat of force from apes with atomic bombs. Of course, those systems have become MORE BROKEN than any individual is able to fully comprehend. Therefore, I doubt than anyone who recognizes that "YES it is broke ... can then still expect to make a profit from that."

Within the life time of those still alive today, the previous enforcements of frauds, which operated through paper money frauds, backed by gunpowder weapons, have developed their fraudulence at an exponential rate, to become globalized electronic frauds, backed by atomic bombs. In my view, that has probably already achieved "escape velocity," such that there is never going to be some kind of still relatively intelligible "collapses," in the forms of falling back to Earth. Rather, we are headed towards something far worse, and much less survivable, than any old-fashioned "corrections" which are merely series of crazy collapses.

Therefore, 1000ydstare, my more likely answer to your question is that there are NO ways to make a "profit" from operating inside the runaway exponential fraudulence, because the are NO ways to even survive through the consequences of that happening. Although it seems remotely possible that human beings and civilization might develop better dynamic equilibria between better systems of organized lies operating robberies, at the present time the vast majority of them do not have a clue regarding how clueless they are, while they continue to be lied to as much as possible by the best available professional hypocrites, who endeavour to make more "money" inside of fundamentally fraudulent financial accounting systems, despite that doing so drives those overall systems to become exponentially more fraudulent.

Although human beings and civilization continue to operate inside the laws of nature as entropic pumps of environmental energy flows, they also continue to do so through sociopolitical systems whose successfulness is based upon the maximum possible deceits and frauds. Therefore, it is barely possible to exaggerate the degree to which those entrenched systems are becoming forms of exponentially increasing criminal insanities, inside of which obtaining any personal "profits" become similarly more insane.

In my view, it is merely another demonstration of individual insanity, inside of the overall collective insanities, to recognize that:

YES YES YES, we know its broke,

And yet, then to ask:

but how can I make a profit from it?

In my opinion, the article above presented only a superficially correct analysis of the degree to which "The Whole Shebang Is Broke." Although there was considerable merit in pointing out that "the elites-that-be are ready and willing to ritually sacrifice you and your children," that was done while staying inside the same old-fashioned frame of reference regarding the death control systems, which use the DUALITIES of false fundamental dichotomies and the related impossible ideals, in order to analyze the problems, and then propose and promote bogus "solutions" to those problems.

What we should be doing is start using more UNITARY MECHANISMS, which better understand human beings and civilization as manifestations of general energy systems. That is the only genuinely "profitable" longer term course of action. There is no genuine merit in making "money" after the combined money/murder systems have already become so extremely fraudulent. The prodigious progress in physical science, which made it possible to developed globalized electronic frauds, backed by atomic bombs, has enabled enforced frauds to become exponentially more fraudulent. There are no good political solutions to those problems which are not based upon political science integrating and surpassing the series of profound paradigm shifts already achieved through mathematical physics, and applied technologies.

As long as we stay inside the frame of reference of asking how to make a personal profit, by making "money" inside of monetary systems which are becoming exponentially more fraudulent, then we are asking the wrong question, and therefore, can not expect to get any good answers. The main theme of the series of intellectual scientific revolutions and profound paradigm shifts achieved in physical science, has been discovering deeper levels of UNITARY MECHANISMS, behind the superficially apparent DUALITIES. In the case of political economy, it is necessary to go beyond the superficial analysis, and related superficial "solutions," based upon recognizing the exponentially increasing anomalies that governments are the biggest forms of organized crime, controlled by the biggest gangsters, the international banksters, and that their systems of enforcing frauds are becoming exponentially more fraudulent.

The deeper UNITARY MECHANISMS are to perceive human beings and civilization as entropic pumps of environmental energy flows. However, doing so requires correcting the enormous philosophical errors that have driven the history of the philosophy of science to compromise with the biggest bullies' bullshit world view, which became the banksters' bullshit world view. In particular, "money" made out of nothing as debts was actually NEGATIVE CAPITAL, which has annihilated "capitalism" and destroyed "free markets." But nevertheless, the degree to which the banksters' bullshit was able to dominate civilization, through systems of enforced frauds, has enabled that NEGATIVE CAPITAL to continue to be publicly presented as if that was POSITIVE CAPITAL.

In turn, that was related to the ways that the concept of entropy in thermodynamics and information theory was inverted, by inserting an arbitrary minus sign into the entropy equations, so that the measurements of power and information would appear to have relatively positive values, when the mathematical physics itself was revealing that all power and information actually had relative negative values. Furthermore, in turn, that is more deeply related to the ways that mathematical physics has demonstrated the common sense views of time and space were totally wrong, and therefore, the concept of entropy, as the distribution of energy in time and space was also totally wrong. The biggest bullies' bullshit world views were able to dominate the scientific enterprise, the same as all other social enterprises, such that the perceptions of everything were inverted and perverted, including "money." The bullies were able to promote their bullshit, in ways which effectively negated their negations, or subtracted their subtractions. To return to more radical truths regarding what was always happening, one has to negate the negation of the negations, or subtract the subtractions of the subtractions. At the present time, the public "money" supplies are presented as if those were POSITIVE CAPITAL, while that "money" is actually NEGATIVE CAPITAL. That public presentation and perception is merely another level of the overall cascade of the biggest bullies' bullshit world view, which has inverted and perverted the perception of almost everything, through the ruling classes waging war against the consciousness of those they ruled over, so much, for so long, that it now appears that even most of the agents of those ruling classes also take that bullshit for granted, as if that were correct.

In general, the two most significant trends driven by exponentially increasing fraudulence are that there are growing Grand Canyon Chasms between progress in physical science, without any progress in political science, and therefore, we are more and more living inside of Wonderland Matrix Bizarro Mirror Worlds, where everything is publicly presented in the most absurdly backward ways possible. The almost total social successfulness based upon enforcing frauds has driven the most profoundly possible exponentially increasing fraudulence, regarding almost everything that almost everyone takes for granted in the ways that they think and communicate. Indeed, any attempt to think and communicate through the English language is therefore stuck using the biggest bullies' bullshit language par excellence. The biggest bullies, because they actually were so, were able to present themselves as being the "good guys," while they were actually the worst, or the "best bad guys."

Hence, people have adapted to live for generation after generation inside of systems based upon enforcing frauds, which were proportionately successful by publicly presenting themselves as NOT being based on enforcing frauds, and therefore, people have gotten used to asking how they can make "money" inside of fundamentally fraudulent, combined money/murder systems, where they tend to deliberately ignore and/or misunderstand the necessary murder systems that backed up those money systems. To ask deeper levels of question about how to make "money" should address how to commit the murders that back up that money. However, since those realities have actually become such that individuals now participate in globalized electronic frauds, backed by atomic bombs, the individual is stuck inside that predicament, and so, tends to be stranded without any available alternatives.

Overall, there was never any way to have prodigious progress in physical science, such that it became possible to develop globalized electronic frauds, backed by the threat of force from atomic bombs, but to then NOT have to go through profound paradigm shifts in political science, in order that civilization might survive having done that. In general, the most important consideration for an advancing, technologically based civilization is its philosophy of science. However, at the present time, politics continues to be almost totally dominated by various old-fashioned religions and ideologies, while pretty well nobody is interested in the philosophy of science, much less the profound paradigm shifts in the philosophy of science which would be necessary to reconcile revolutionary political science with the series of industrial revolutions.

By and large, almost everyone continues to primarily ask "how can I make a profit" INSIDE systems based upon enforcing frauds, which are becoming exponentially more fraudulent, WITHOUT more deeply understanding their predicament regarding that! The established sociopolitical systems are WAY MORE BROKEN than most of the content presented on Zero Hedge tends to recognize, while almost infinitely MORE BROKEN than the mass media presentations of those problems. Philosophically speaking the biggest bullies have been able to promote their bullshit social stories to become almost totally dominate, despite those being as absurdly backward as possible. Despite sociopolitical systems based upon enforcing frauds actually operating in ways which are consistent with the laws of nature, the social stories about how those work are based upon deliberately ignoring and misunderstanding the laws of nature as much as humanly possible. Therefore, as the financial successes based upon enforcing frauds becomes exponentially more fraudulent, the vast majority of people continue to almost totally take for granted continuing to think and communicate about that in the most absurdly backward ways possible. Furthermore, those who continue to be most socially successful through those means have every advantage to promote themselves as professional liars and immaculate hypocrites.

Inside that context, more radical truths continue to be extremely unpopular. Most people continue to want to enjoy making "money" without recognizing that money is measurement backed by murder. Most people continue to want to enjoy exponentially increasing strip-mining of the planet, without taking any responsibility for participating in doing that. Moreover, the few who do think about that then propose and promote bogus "solutions," which continue to operate inside the same frame of reference that enabled those problems to develop and become exponentially increasing runaways. Actually there are NO sane ways to make "money" inside of an insane monetary system. There are NO ways to truly "profit" from participating in such totally broken systems. Indeed, as far as I can tell, without some series of technological miracles, surpassed by even greater political miracles, there are NO ways to even survive through the consequences of electronic frauds, backed by the force of atomic bombs, becoming exponentially more fraudulent!

BuddyEffed's picture

That's some manifesto you got going there! Good luck with that.

Radical Marijuana's picture

I would need "good luck" like winning several lottery jackpots in a row!

vbouwmeester's picture

Buy assets with debt i guess?

ZH Snob's picture

but they keep telling me debt is an asset.

Temporalist's picture

Not true something else is growing.

Venezuela's middle class is dumpster diving for food




38BWD22's picture




Thanks for that news.  Here in Peru (back tomorrow to USA) the urban people are well aware of what's happening in Venezuela.  And they want no part of it (Socialism is dead in the cities).  There are quite a few in the rural areas, however, who still buy into the Free Shit Army promises of Marxism.

Dr. Engali's picture

Hillary can fix it. She can fix anything. Isn't she beautiful?




1000yrdstare's picture

NICE PIC, looks like someone may have stepped on her too!.

conraddobler's picture

Nothing is broken it's just people doing what people do.

Take a look around you next time you have a few spare hours to ponder in a public place and see all those around you and just pay close attention to peoples conversations if you do this you will notice that maybe, MAYBE 10 percent of the people have their shit semi on straight and the rest of the people are walking bags of anxiety and nerousis that has warped them into something hardly recognizable.

The symtpoms of this are legion, everyone deals differently but very few people are at a point where they are simply ok with things.

Back when they built the pyramids and the slaves were born, lived, worked and died in slavery it was basically the same, a small few learned how to be happy even so.

They won and everyone else lost.

This is the lesson.

ZeInfidel's picture

Good luck with that.  I'd prefer to be prepared and not be a slave looking how to be 'happy' in my desperate, destitute, anguish.

edifice's picture

Happiness in Slavery...  Love that NIN song...

Nothing Ever Happens's picture

If I read this right, you are saying nothing is broken because people are broken? Agreed that they are bags of aniexty and nueroses, how Freudian, and yet, Siggy's little nephew, the evil Eddie Bernays and his ilk had such a hot hand in breaking those people on the discount rack of never-ending consumption and the whole id-stroking clusterfuck of narcissistic life-stylin' indulgence machines. Just add flouridated water and stir. Modern man is a modern scam.

Killdo's picture

and religion - the original enforcer of fraud and BS

financialrealist's picture

"The Whole Shebang Is Broke" - The Only Thing That's Growing Is Debt

Absolutely brilliant! 

ZeInfidel's picture

Hogwash.  Everything is Awesome...didn't you hear the song?  And besides, even if there is a spot of trouble, Donald Trump will make America Great Again or Hillary Clinton will save us all like we were Ambassadors.  After all, she knows we're in this together.

Ok.  We're doomed.  Glad I have a lot of bitcoins because those are totally different from Nappster...no way governments can or will annihiliate crypto currencies, so holders are gonna thrive for sure.


ISawThatToo's picture
ISawThatToo (not verified) Jun 8, 2016 1:48 PM

Banbait #130


""The Whole Shebang Is Broke" - The Only Thing That's Growing Is Debt"


Who prints up the counterfeit fiat-debt via fraudulent-reserve banking, grift? Who pockets usuary on said same fiat-debt.


The only thing that's growing is Khazarian wealth and power.

TheRideNeverEnds's picture

Extrordinarily bullish!

Moar debt = moar money = higher asset prices.

E-minis to the mooooon!!!!

FreeShitter's picture

One day ill wakeup from the american dream and CTRL P wont save it.....


Raul opines that we should not wait for the system to completely crash because the so-called elite banksters want to maintain the falsehood that debt can be used as growth, and that debt fueled growth will allow the charade of debt to continue inflating the belief that somehow the central banksters will find a way out of their self-imposed chaos over time. Clearly, the entirety of contemporary economics has been rendered defunct given the traditional orthodoxy of central banking theories, and their ineffectuality to govern central banking in the Western World. Moreover, we don't have to wait for a system to completely crash when it has already crashed completely. Only the one per cent are making gains as we write here.

The 99% are at critical mass whether they want to believe it or not, and the one per cent are on the run with a military that is outflanked by the Russian Federation & China. If the system crashes we will see the complete end of life on the continent because Russia & China are not going to wait around for NATO to strike first given that both countries have book learnin' just like every other country in the world with the exception of the USA.

Skiprrrdog's picture

Whatever happened to the long running joke known as the FBI probe of Hyena Rodent Clinton?

Does anyone remember that?

Broken vows of secrecy?

Illegal servers in basements?

Deleted emails?


Jacksons Ghost's picture

Some nice Doom Porn.  Too bad they will kick the can far longer than we can ever imagine.

LoveTruth's picture

Buy NUGT etf. Gold brothers and sisters is the true store of value, not the paper - tender money, which the Fed can print to infinity and rob us from our hard earned cash. My prediction is we will see at least another 7-10% rise in gold by the end of the year.


Paradigm's picture

They can write it off and print more -- there is a debt accord coming