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Art Cashin On The World Running Out Of Ideas To Bail Out Itself

Tyler Durden's picture




 

A big reason for the dour mood overcast on the market this morning is the failure of G-20 to resolve latent funding issues, with the IMF demanding more money from Germany for a global firewall, and Germany demanding more money from everyone else. A way to summarize events is that in lieu of any credible collateral left (the bulk of it has and will be pledged with the ECB in its discount window, aka LTRO operations, to keep Italian bonds bid and thus perpetuate the fallacy that things are under control), the world is now running out of ideas how to even kick the can down the road. Which is not a good sign as much kicking remains with tens of trillions in debt rollover coming up in the next few years. Below is Art Cashin's summary of this weekend's disappointing G-20 weekend retreat in Cabo san Lucas, which enjoyed the scenery but did nothing to easy the confusion over who pays for what in the next few weeks.

From UBS Financial Services

The Weekend G20 Meeting - I think the best and most succinct assessment of the session may have come from UBS’s London-based sage, Paul Donovan. He simply said:

The G20 was its normal complete waste of time and airfares. The group agreed to do nothing about anything, but did offer up some nice platitudes about how well the world economy seemed to be doing. Many might believe that markets could work that out for themselves. The LTRO on Wednesday looks to get a lot of attention from markets. More tomorrow.

The wasted event, nonetheless, is seen as a potential setback to the cooperation needed to keep the bailouts moving and to keep the markets reassured. Here’s a take from David Powell over at Bloomberg:

The resistance of G-20 leaders at their summit in Mexico to increase the funds of the IMF available to assist euro-area countries reduces the feasibility of the second Greek bailout package.

 

Those policy makers have rebuffed European demands for additional funds. In their communiqué, they wrote, “At Cannes, our leaders asked us to review the adequacy of IMF resources...Euro area countries will reassess the strength of their support facilities in March. This will provide an essential input in our ongoing consideration to mobilize resources to the IMF.”

 

They signaled Europe is unlikely to receive special treatment, even if the organization musters new resources. The finance ministers and central bank governors stated, “These resources will be available for the whole membership of the IMF, and not earmarked for any particular region.”

That sense of potentially fraying cooperation has European markets slipping a bit this morning and weighing on the U.S. futures. Wasted airfare and wasted opportunity.

 

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Mon, 02/27/2012 - 10:18 | 2200287 maxmad
maxmad's picture

Art "Cashin in on the failed bailouts!"

Mon, 02/27/2012 - 10:39 | 2200337 Chief KnocAHoma
Chief KnocAHoma's picture

Too many cans... too few feet.

Mon, 02/27/2012 - 10:54 | 2200376 King_of_simpletons
King_of_simpletons's picture

Household debt blackhole is back after a brief and mysterious hiatus:

 

http://www.myfoxdc.com/dpps/news/credit-card-debt-nears-toxic-levels-dpg...

Mon, 02/27/2012 - 13:36 | 2200922 donsluck
donsluck's picture

Just following the leaders, if they borrow 'til they bust, why shouldn't the little guy?

Mon, 02/27/2012 - 17:48 | 2201812 Totentänzerlied
Totentänzerlied's picture

Those dinky little inkjet printers are no match against a fleet of well-greased Heidelbergers.

Mon, 02/27/2012 - 11:05 | 2200407 CPL
CPL's picture

That would make a good bumper sticker.

Mon, 02/27/2012 - 12:18 | 2200629 The Big Ching-aso
The Big Ching-aso's picture

 

 

"Let's pretend to extend while we pretend to kick the can down the road.  It's time we face reality and not retreat."

G-20 Retreat, Cabo San Lucas

 

Mon, 02/27/2012 - 10:18 | 2200288 King_of_simpletons
King_of_simpletons's picture

So is this the 'shit meet fan' moment ?

Mon, 02/27/2012 - 10:20 | 2200292 maxmad
maxmad's picture

Yes... Only a "intergalactic planet federation will bail out Earth" will have any impact now!

Mon, 02/27/2012 - 10:35 | 2200327 TheEmperor
TheEmperor's picture

Perhaps I will request Nute Gunray of the Trade Federation to provide debt guarantees

Mon, 02/27/2012 - 10:39 | 2200334 Arvo Particleboard
Arvo Particleboard's picture

Call Krugman. He might know of one.

Mon, 02/27/2012 - 11:14 | 2200433 francis_sawyer
francis_sawyer's picture

You bet he does...

Mother fucking space nazis from the dark side of the moon bitchez!

http://www.youtube.com/watch?v=cshPn6uF-tU&feature=fvst

Krugman had it right all along...

Mon, 02/27/2012 - 10:47 | 2200305 bdc63
bdc63's picture

"So, is this the 'shit meets fan' moment?" -- King of Simpletons

Not yet King, but we can see it from here ...

Mon, 02/27/2012 - 10:57 | 2200384 BobPaulson
BobPaulson's picture

The shit has been flowing continuously into the fan for a while now in a steady stream. I actually think it's not a fan but a turbine that converts the shit flow into angular momentum on a shaft. That keeps the system of news releases going around in circles while we all get the shaft.

Mon, 02/27/2012 - 11:26 | 2200470 resurger
resurger's picture

Long Shit Fans

Mon, 02/27/2012 - 12:19 | 2200632 Jay Gould Esq.
Jay Gould Esq.'s picture

Doesn't Dyson make one of those ? High-velocity effluent circulation.

http://img.timeinc.net/time/daily/2009/0910/dyson_fan_1019.jpg

Mon, 02/27/2012 - 11:05 | 2200408 CPL
CPL's picture

Not really, they make the rules to the game even if the math behind it is suspect.

Mon, 02/27/2012 - 10:21 | 2200293 RagnarDanneskjold
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And forget about China helping out.

Chinese real estate market on the verge of explosive price declines

http://investinginchinesestocks.blogspot.com/2012/02/chinese-real-estate-market-on-verge-of.html

Mon, 02/27/2012 - 10:22 | 2200294 bdc63
bdc63's picture

No matter what happened at the G20, make no mistake about it -- if there is any contagion from this Euro mess into US banks, the FED and Treasury will be there with both guns blazing ...

Mon, 02/27/2012 - 10:27 | 2200302 Vergeltung
Vergeltung's picture

maybe so, but what vehicle would they use for such an intervention?

Mon, 02/27/2012 - 10:35 | 2200323 bdc63
bdc63's picture

They'll create some new 'can-kicking' vehicle just like they have every other time one of their precious banks has gotten into some trouble.  It's name will have to be even more clever than "TARP" though ... maybe they could make "GOUGE" or "ABYSS" work ... and hyperinflation will certainly be the outcome ...

But THEY WILL NOT STAND BY AND WATCH as US banks fail.  We entered "whatever it takes" territory a LONG time ago, and they surely are not going to stop now.

Mon, 02/27/2012 - 10:48 | 2200351 Chief KnocAHoma
Chief KnocAHoma's picture

+1 - You are correct, but eventually they too (FED) will run out of options. I fear there are but two courses we can take from here.

1 - A World Wide Jubilee - all debts forgiven by every one. If you own it, have possesion and have title to it, you get to keep it. If someone owes you, it is forgiven. If you owe someone else, it is forgiven. (Forgive us our debts as we forgive our debtors.) This would also include pensions, 401Ks, social security, welfare, medicare and medicaid.

2 - A massive, global World War. Millions killed, countries destroyed.

PS - THE BANKS WILL NEVER ALLOW OPTION 1

Mon, 02/27/2012 - 10:52 | 2200368 bdc63
bdc63's picture

I am not saying that this doen't end badly - personally I think we're (the US) going to end up looking like a third world country.  What I'm saying is that I've been hearing for 4 years that "this is it - this time its over" ... and they ALWAYS have one more card up their sleeve to prolong it, and ultimately, make it even worse.

This is NOT the end ... they still have more cards to play ..."Markets can stay irrational longer than you can stay solvent" ...

Mon, 02/27/2012 - 13:07 | 2200812 Jerry Maguire
Jerry Maguire's picture

In the US a jubilee would be done by constitutional amendment:

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

If it was part of a popular uprising, there is nothing the banksters could do to stop it.  I keep thinking the occupy movement might focus on that.  Could work.  There is strength in being "99%", because a super-majority is enough for constitutional change.

Not holding my breath, though. 

Mon, 02/27/2012 - 10:22 | 2200295 duo
duo's picture

good to see correct grammar.  If it was the WSJ, they would say "world running out of ideas to bail itself out".

Mon, 02/27/2012 - 10:53 | 2200365 Arvo Particleboard
Arvo Particleboard's picture

Given the WSJ's position as propaganda adjunct in a third-world autocracy, can that error be called a banana split infinitive?

Mon, 02/27/2012 - 10:23 | 2200296 Sandy15
Sandy15's picture

They ran out of money 3 years ago, that's why they have been printing.......  Why is NOW any different other than they need an excuse for the market to sell off?  Central Bankers know they are creating inflation around the World, when people start getting agry over it, they have to hault to liquidity pump into the markets..........  I'm just sayin'

Mon, 02/27/2012 - 10:31 | 2200309 Zero Govt
Zero Govt's picture

"The G20 was its normal complete waste of time and airfares."

Fuking windbags ..every G5/G20 is unremitting pompous worthless crap

Mon, 02/27/2012 - 10:48 | 2200359 Blammo
Blammo's picture

C'mon Zero There was a photo op wasn't there?

Mon, 02/27/2012 - 10:30 | 2200314 Shizzmoney
Shizzmoney's picture

Somewhere, Hugh Hendry is smiling.

Mon, 02/27/2012 - 10:31 | 2200317 Jerry Maguire
Jerry Maguire's picture

They should talk to me.  I know exactly what to do:

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

It's lawyers, guns and money time, just like Warren Zevon said.  I'm the lawyer.  They should call me, but they won't.

 

Mon, 02/27/2012 - 10:34 | 2200324 Stoploss
Stoploss's picture

So, how long does it take for a 3T enonomy to figure out it cant bailout a 17T economy?

Mon, 02/27/2012 - 10:34 | 2200325 Moneyswirth
Moneyswirth's picture

It's like a hybrid game of musical chairs/hot potato.   Last one holding the bag and falls flat on his ass wins....er, um...loses.

 

 

Mon, 02/27/2012 - 10:39 | 2200336 mayhem_korner
mayhem_korner's picture

 

 

Yes but there are fifty people standing and no more chairs. 

Thus, the Ponzi takes on the economists' mantra: "imagine a chair..."

Mon, 02/27/2012 - 10:47 | 2200357 Jerry Maguire
Jerry Maguire's picture

I made the exact same musical chairs analogy over 4 years ago:

http://www.lewrockwell.com/orig5/regan-j4.html

It hasn't paid to be so far ahead of the curve, though.

Now I've had to instruct the Brits on their own idea of a "liquidity trap":

http://strikelawyer.wordpress.com/2012/02/22/liquidity-trap-explained/

http://strikelawyer.wordpress.com/2012/02/25/liquidity-trap-theory-and-p...

See all the comments for details.

Mon, 02/27/2012 - 11:01 | 2200397 Moneyswirth
Moneyswirth's picture

Amusing how these issues are still with us no?

Mon, 02/27/2012 - 10:35 | 2200326 slaughterer
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When does Japan become a problem again?  Oh, pretty soon it seems. 

Mon, 02/27/2012 - 10:39 | 2200338 mayhem_korner
mayhem_korner's picture

 

 

I thought we were getting 'glowing' reports from Japan.

(I know, it's bad, do what you must)

Mon, 02/27/2012 - 10:36 | 2200328 pazmaker
pazmaker's picture

I wonder if the Sinaloa Cartel provided security?

Mon, 02/27/2012 - 10:36 | 2200330 Stoploss
Stoploss's picture

Guess what meskins, ur next..

Mon, 02/27/2012 - 10:42 | 2200343 NEOSERF
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Get this straight...those that can print (ECB, Fed, BOJ, BOE) WILL print no matter how bad it gets...the US has no intention of ever paying $15T so it is a small leap of logic to say "let's print another $2T and give it to the EU" to keep this thing from falling off the table...it has happened three times in the past and will happen later this spring with the IMF getting their money and the LTRO being rumored to be larger and larger...no one cares that those providing the money are insolvent...If Greece can go on for 2 years, just guess how long Spain or Italy can go on for...

Mon, 02/27/2012 - 11:15 | 2200438 bdc63
bdc63's picture

yep - that's exactly how I see it playing out as well.

Mon, 02/27/2012 - 10:55 | 2200378 Coffin Dodger
Coffin Dodger's picture

What if?...

The Europeans now openly refer to the current financial system as the 'Anglo-Saxon' system. This system, in place for hundreds of years, was first imposed by the English during their colonial phase, then bolstered by US might since the turn of the last century. This system has served it's masters well. Until 2008.

Unfortunately for the US and UK, the majority of the rest of the world doesn't want to play by these rules any more. Europe is busily distancing itself from the UK (the UK PM was sent home late last year with no deal done to save The City) - and over the course of this year many current EU heads of state are to be replaced with new, untarnished by the old system, leaders (e.g. Hollande in France will win the election -  and he is, rather than anti-European as painted in the UK/US media, extremely pro-European. Our banksters, and by extension, media, are terrified of him winning).

The Europeans have a plan, you see.

They don't want to pay tribute in $ to the current financial system any more. And they know it's all broken.

We may all be in for a major dislocation soon.

Mon, 02/27/2012 - 18:00 | 2201868 Totentänzerlied
Totentänzerlied's picture

The architect of the EU was French.

http://en.wikipedia.org/wiki/Jean_Monnet

Just more blame-shifting.

Mon, 02/27/2012 - 11:00 | 2200388 cranky-old-geezer
cranky-old-geezer's picture

 

 

America & EU are living on borrowed money now.

There's just not enough economic activity generating enough tax revenue to keep these bloated free-spending governments going. 

Ditto for banks.  Not enough revenue to keep bloated banks going, plus balance sheets riddled with collapsing asset values.

Now we've entered the 2nd phase where central banks have printed and loaned all the currency they can short of collapsing their currencies.   If Bernanke does QE3 (or something like it under another name) it might just end USD's world reserve currency status.  If ECB does another $500 billion LTRO it might just collapse the Euro.

Point is, nobody knows for sure.  Nobody knows when confidence in USD and / or EUR might suddenly collapse.

There's no good end to this.  Failure and collapse under enormous debt are guaranteed.  It's just a matter of when.

Mon, 02/27/2012 - 11:29 | 2200486 BeerBrewer09
BeerBrewer09's picture

damn, you changed your avatar.

love your concise posts.

Mon, 02/27/2012 - 12:37 | 2200674 BeerBrewer09
BeerBrewer09's picture

Sweet, thanks.

Mon, 02/27/2012 - 11:04 | 2200406 eddiebe
eddiebe's picture

Bankster to Piig g-pig man: Ok. asshole I'll print you up some nice new Euro notes, but I want your gold.

Piig government pig man: Yes sir, right away sir, I'll put my best highly paid piggy lackeys on selling the sheeple on that idea.

Mon, 02/27/2012 - 11:06 | 2200409 zerozulu
zerozulu's picture

world is not out of ideas . TPTB like this world in chaos because it pays. Here are two simple things for a start.

Jubilee debt its 0's and 1's anyway.
Hang top 100 or so to the street lamp..

Mon, 02/27/2012 - 11:15 | 2200434 cranky-old-geezer
cranky-old-geezer's picture

 

 

Sorry, no jubilee, bankers will ride this ponzi right over the cliff.

Mon, 02/27/2012 - 11:28 | 2200481 Gamma735
Gamma735's picture

I would love a evening of cocktails with Art Cashin, just to hear the war stories he has from the trading floor.

Mon, 02/27/2012 - 11:35 | 2200497 bdc63
bdc63's picture

... marinating ice cubes ... they don't stand a chance ...

Mon, 02/27/2012 - 11:38 | 2200506 Seize Mars
Seize Mars's picture

I've got it.

Debt to equity swap. In other words, I'll wear a dog collar with my owner's name on it. He can develop a little pet name for me, like "rex" or something.

All the debt goes away, and they still get to control my life. Only this way it's a little more honest.

Mon, 02/27/2012 - 11:43 | 2200519 ThisIsBob
ThisIsBob's picture

These people hold their canape munches in places like Cabo and Davos - good places to hoe a row.

Mon, 02/27/2012 - 12:06 | 2200580 Bartanist
Bartanist's picture

Everyone knows that eventually there has to be a re-set. The longer they delay the default and re-set the bank balance sheets, the more painful it will be ... and maybe that is the point.

Mon, 02/27/2012 - 12:12 | 2200604 HungrySeagull
HungrySeagull's picture

One word.

Jubilee.

And that will stop the merry go around so everyone can get off for a few minutes.

Mon, 02/27/2012 - 14:32 | 2201055 Seize Mars
Seize Mars's picture

So the government will start obeying the law?

M'kay

Mon, 02/27/2012 - 18:15 | 2201913 Totentänzerlied
Totentänzerlied's picture

Minarchists are so silly.

Mon, 02/27/2012 - 13:45 | 2200952 Fix It Again Timmy
Fix It Again Timmy's picture

The only way to a workable solution is to use a strategy developed by Russian generals during the Battle of Stalingrad.  This was a battle to the death and the only way to aggressively advance against the German army was to place armed men behind the Russian troops - any troops who retreated would be shot dead.  Now in this instance, we are asking people who have created this problem to devise a solution.  They have their mansions, their connections, their abundant savings and probably a generous amount of PM's and I'm sure they leave the office every day at 5PM, earlier if a round of golf is on tap.  And we expect them to come up with a credible solution?  Good luck with that.  Get some Russian troops with guns at their backs....

Mon, 02/27/2012 - 14:41 | 2201080 WillieNelsonListener
WillieNelsonListener's picture

Paper money will still exist, the world will not end...

the banksters will devalue the currency to ensure liquidity, taking longer term maturities for soverign debt - soverign debt never gets repaid, but the gold and silver will be confiscated,

GS should get an island outta this

meanwhile, with the inflated economy another bubble will be created, the good news for the Metalnuts, central banks are hording gold and silver

I hope I'm around when they unwind that silver short...  the liquidity will be reabsorded by the banks in the form of increased PM values - and he who holds the gold...

where will the AU / AG be, still at 50?

Mon, 02/27/2012 - 15:57 | 2201400 kevinearick
kevinearick's picture

Family Law, Charge Separation, & Constitutions

Many populations are now writing constitutions to enter the new economy. As usual, the majority is happy to clutch any convenient rail in the old economy as it sinks, having invested their lives, implicitly or explicitly, in the proposition that the nuclear family doesn’t matter, so convinced by the empire perception surrounding it.

The greater the mal-investment, the greater the loss of sight. A cursory sample of the data demonstrates the outcome of replacing either parent with empire. The resulting family falls into poverty and their genes are returned to the churn pool.

The empire pays individuals for make-work to the extent they participate in the ponzi. The empire is a wave of History, repeating itself at least cost possible, through the path of least common denominator resistance, pulling the genes back through the neutral line of DNA for recombination. Your program requires a relay.

This is not the first civilization that has approached space exploration and turned back. Empires have always employed technology to short natural law in a bait and switch control mechanism. Do you see any other critters walking around with a constitution in their back pocket, pulling it out to navigate their way through life?

California is a good example. The registered majority claims it wants to conserve the environment, but to what, or who’s, end? It has the most resources of any State on its coastline, but no critters in the food chain on land except replicating humans, because the “environmentalists” locked out the flow of natural trade to the end of legacy asset inflation, to print money through debt sold into the ponzi, with an implicit federal and multinational guarantee.

Ironically, the Caltrans preacher rails against the homeless in his church as the cause, and not the outcome, of the Welfare State, as he extends his cost-free property leverage anxiety, in a positive feedback loop to the State’s liquidation, which he attempts to delay by extending the ponzi with discretionary expansion of government union control over the economy. Government co-opts unions when it can measure them, every time, always has, always will. Building the bomb is easy.

The empire simply exchanges fathers with more mothers to artificially pump consumption, pulling demand forward and warping it in the process. Women choose empire as a mate when they are not presented with sufficient intelligence in the environment. There is no getting around the fact that female humans are designed as biological nesters. Their window to have children is much shorter, and children are the future, which becomes the present. Of course the empire will present the future as a prison to be avoided, creating the present prison.

Like anyone that has practiced medicine for any length of time, Ron Paul knows that current practice was prototyped in the concentration camps during WWII. Nothing productive comes from tyranny, but the example of its outcome for the next iteration. A constitution limits common behavior, which the majority repeats out of fear, but it frees the individual to pursue own religion in relative terms. That is the nature of any population’s unique angle of incidence. What to write depends upon the nature of empire gravity conveniently available at start-up. Turn the threat into an opportunity, to increase return and decrease risk.

Take a look at your food. Most families cannot afford nutrition. Your metabolism has chemistry, gravity and exercise all on its side. The empire wants you to sit in a chair at work, watch TV at home, and eat processed foods triggering hibernation, as fast as possible, resulting in fat, slow, and thoughtless behavior, dependent upon artificial healthcare at inflating cost in a positive feedback loop. Perfect.

Take a look at your energy. The empire placed a small population of Jews, with the burden of selling each other out to the Germans at the gunpoint of technology in WWII, adjacent to the choke point of global distribution profit, and told them to defend it, because God says so. Perfect.

(The empire placed the Iranian government in power, and could replace it tomorrow, but what would it do with all the so-stupefied economic slaves as a result? Controlled replication of ignorance is what empire is all about. The power of nuclear bomb is relatively insignificant to current technology, but if you live in a cave…)

Take a look at your housing. Most populations are at the beginning of die-off, because the cost of raising intelligent children, capable of providing for the aged, exceeds the intelligence of the middle class cohort between them, and the empire banks its future on the NPV of their future tax burden. Perfect.

Take a look at your technology. It is specifically designed as a one-way compliance road, indexed to the empire, with blind alley IPOs along the way, baited to capture individuals evading peer pressure in the opposite direction, in a system of artificial technical borders within artificial geographic borders, designed to isolate the individual in a cubicle of mirrors, which collapses the individual economy to the end of empire. Once those individual income collapses aggregate to hit the 0 NPV tax wall, the empire collapses. Perfect.

Family Law places a premium on choosing a mate that will produce intelligent children for the future, to open the NPV window, or replicating children to ground them in the past, in a balance to produce the necessary organic growth to feed internal and external systems with quantum diversity, to reach the energy of catalysis. Civilizations are delay devices, stepping stones along the way to building gravity for the ones to follow. The earth is a launching pad for life, not death. The empire feeds upon replicating genes, to remove and recycle the spoil, which includes itself.

So, the US Constitution was designed with relatively open geography and vast relative resources to exploit. The notion of property was coined accordingly. Under the notion of divine providence, Family Law, the settlers were employed as the first wave of tax farmers for the empire, taxing the natives out of existence, with ponzi population growth.

First comes Church, then School, then Bank, and then Emperor, a non-profit corporation that owns everything and pays no taxes, leaving a rentier economy built on the foundation of mythological property rights in its path. Family Law is implicitly embedded, open to Court debate, under the general powers not vested clause, and is explicitly reconnected over time back to the common, along the pathway of the best, best being the enemy of better, practice oxymoron. Expect that and design accordingly.

Net, the individual chooses whether or not, or how much, to be measured, depending upon intelligence, disciplined imagination. You cannot legally enforce intelligence; it is distilled from willful ignorance. When you do the math, which has the language problems discussed in the relay, do not error by replacing balanced forces, which grow, with opposing forces, which collapse.

Romney and Paul are moving toward a balanced orbit, which should have been of no surprise. The bookies in Vegas made that bet months ago, because Romney is “style” and Paul is “substance,” the order in which empires are built.

The empire wants the i(whatever) to be a mirrored cubicle for the user, and a camera for its cloud computing system. Treat it accordingly. You cannot move forward stuck in the past. Throw down non-performing assets for traction and rock the car back and forth, changing the definition of assets and income as necessary to change the angle of incidence.

“ Ginger Rogers did everything Fred Astaire did only backwards and in high heels.” That’s something to think about when you see the obey clause, the public consumption relay to the sh**-show, in the standard religious contract. Make Friday Monday and Monday the start of a new job, lest you dance off the cliff. Make your own history, by not repeating the history of others for them.

A constitution is, above all, about respect for the religious beliefs/belonging of the minority, which depends upon free speech against it, down to the individual, because that is what opens external markets to feed internal organic growth. You don’t have to believe in the nuclear family to respect it, you don’t have to believe in religion to give others courtesy, and you never know who has the key to your future.

You will never find a key within the house of mirrors, unless someone operating beyond the empire places it there. The casino is built upon the foundation of willful ignorance. It may be demolished at any convenient time. In balance, an economy grows; in opposition it collapses, in a dimension of dimensions, at any level you care to examine.

Sex makes you a slave to the empire. Loves frees you. Believe in anything you like, but the majority is completely dependent upon technology it cannot comprehend, and an individual may distribute it, or retract it, at will. When the majority finally awakens to the bomb, the still invisible fuse reaches ignition threshold.

Careful where you step when the boss sends you to the door. Empires are designed to self-destruct accordingly. You cannot protect a faith, or an individual, from self. The only way to protect yours is to protect others, which is why the despot hides behind it. That is the constitution.

The environment places an increasing premium upon intelligent integral adaptation by penalizing future generations for their parents’ errors, in the DNA negative feedback loop. Government individual aggregate irresponsibility is the response, creating the positive feedback loop. Mr. Santorum, why are churches tax-exempt, and why are they government funded? Why are churches enforcing Family Law? Where is the separation?

Mon, 02/27/2012 - 18:10 | 2201896 Totentänzerlied
Totentänzerlied's picture

How much Ritalin and/or Adderall have you insufflated in the past 24 hours?

Mon, 02/27/2012 - 18:47 | 2201987 Vlad Tepid
Vlad Tepid's picture

The saddest thing is when one thinks he is a Hemingway and is really just a Charles Dickens.

Mon, 02/27/2012 - 19:59 | 2202142 kevinearick
kevinearick's picture

So, what happens is the empire education system shorts your forebrain hash table function, and disables the lobe fulcrum, then your priorities enter the queue from the back end and the empire bumps into the front of the queue with impulses, so you go faster and faster and get farther and farther behind. And if the majority measures resistance, it engages peer pressure to conform. Those that are hopelessly captured by the queue need an out. That’s what the obey clause exists to do. Choose your mate constructively.

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