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Art Cashin's "Friends Of The Fermentation" Subcommittee Meets, Decides "To Hell With The Kids"

Tyler Durden's picture


Some pure poetry from Art Cashin today which explains why future US generations may want to hold a referendum on being born...

From Art:

Partisan Politics Postpones Or Poisons Potential To Help Our Kids And Grandkids - Things turned a bit more philosophic at last night’s convocation of the Friends of Fermentation. It was not a plenary session but rather a more intimate group - about the size of a sub-committee. And, as often happens at watering holes, folks drifted in and out, going to a meeting or coming from one.

The core of the group was a trio of card-carrying members - a hedge fund veteran, an institutional floor broker and yours truly.

After running through the day’s events and action, the topic drifted, naturally, to the stunning leadership vacuum, both here and in Europe. Another bowl of peanuts was ordered and the conversation began to drift toward the possibility of the Fed doing a reprise of Operation Twist from the 1960’s. We began to focus on the Fed’s lengthening maturities when another shift took place.

For two decades, we have heard that “we” are saddling our children and grandchildren with a mountain of debt that would burden them potentially for their entire lives.

Study groups (e.g. Simpson/Bolles) tell us that there is no quick fix to these deficits and that they may take decades to rein in.

The group wondered aloud why the Treasury and the Congress were not being more opportunistic. Rates are at historical lows. Why aren’t we issuing 50 year or even 100 year treasuries? At these exceptional rates, that would allow us time enough and room enough to put the debt in order - a chance to structure the debt hodgepodge in an almost logical manner. It would give us a chance to hand off to our children something far less burdensome.

More ice cubes were marinated and the brain trust (ex me) concluded that the primary deterrent probably was that going to a 50 or 100 year might raise interest costs somewhat. That would yield, quickly, to political finger-pointing.

So, here it was again - politics. I don’t want to be accused of “busting the budget” by auctioning something that yields
several basis points more. “The kids? The hell with the kids! They ain’t voting in this election.”

Say, Sean, ya got any pretzels back there?

Source: UBS


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Tue, 09/20/2011 - 09:43 | 1688435 Azannoth
Azannoth's picture

If things progress they way they do the kids will never get a chance to cast a vote, or at best it will be a 'vote' like they had in the USSR

Tue, 09/20/2011 - 09:50 | 1688465 Crisismode
Crisismode's picture

By the time the grandkids have to find work, the only work available (if they are fortunate) will be on the family homestead.


In 30 years this world will look more like 1841.

Tue, 09/20/2011 - 10:18 | 1688576 SheepDog-One
SheepDog-One's picture

The kids? Hell with em....we got red nosed old worthless billionaires who need bailin' out!

Tue, 09/20/2011 - 10:47 | 1688698 Bicycle Repairman
Bicycle Repairman's picture

The kids?  We've been providing them with a relatively (to boomers and before) gild-edged upbringing and education.  Granny?  She planned on earning 3% on her retirement funds.  She's getting 0%. 

Enough with the generational warfare crap.  You know who the real villains are.

Tue, 09/20/2011 - 11:07 | 1688789 Spirit Of Truth
Spirit Of Truth's picture

Everyone is.

On The Triumph Of Evil

Tue, 09/20/2011 - 13:03 | 1689299 malikai
malikai's picture

This god he speaks of, does he not want that outcome? Are we not, collectively, doing God's work by being this way?

Maybe Blankfein was right after all.

Tue, 09/20/2011 - 11:16 | 1688841 darkpool2
darkpool2's picture

Out of choice in many cases---- for those that are able ( and plan wisely )

Tue, 09/20/2011 - 11:57 | 1689009 Jumbotron
Jumbotron's picture

Crisismode says...In 30 years this world will look more like 1841.


Not quite....we have a fair bit of technology that can transistion down with us in the collapse.  Through hoarding and reuse....I think in 50 years, with a little luck, some personal home power production (solar, wind, geothermal, water) and a LOT more local production and selling of EVERYTHING, with a fair amount of bartering thrown in the mix.....we can come up from a 1931-1941 living standard to 1951-1961.

But who knows....what with the complete and utter insanity that our world leaders operate in and the fact they will bring the world to flames to save their global utopian dream of debt based prosperity and global colonialism through rapacious capitalism and global wage arbitrage......1841 could very well be the standard..

Just hope to God it's doesn't end up as 1861.....if you know what I mean.

Tue, 09/20/2011 - 12:32 | 1689176 ElvisDog
ElvisDog's picture

I'm not attacking you, just curious. How does one go about personal geothermal and water production? I understand digging a well, but what percentage of people live in areas where it's even possible to dig a well?  And how many people can afford to dig deep enough to tap into geothermal power? Same goes for wind power. Wouldn't you need a big-ass turbine to generate enough wind power and how do you get the permits to construct such a thing on your property? Solar I can see in some areas, particulary since all that Solyndra product is going for pennies on the dollar.

Tue, 09/20/2011 - 16:42 | 1690068 Trying to Understand
Trying to Understand's picture


There are lots of folks aready doing this - perhaps a peek at either "Mother Earth News" or "Homesteading" or other like minded magazines may point you in the direction of "ground zero implementation" over "mass production implementation", big differences as I'm sure you know.

The "key" to the referenced 'lifesytle' in the post you question is working together as a community, not as a lone wolf, and that also makes all the difference.  One example is "barn raising" - a large, two story barn would take one man several months to build, but if a community got together to do it, then it commonly goes up in one day - the Amish are famous for this "cooperation" and "community building" - luckily no one "must be Amish" to enjoy or partake of such a lifestyle, whether by necessity or choice.

If TSHTF, many people will have to relocate to rural areas, and considering the % of government owned real estate, there is plenty to be had.  And "squatting" on some government lands is still legal.  My guess is - should TSHT - the govt. will be encouraging to demanding everyone move to the cities where they are "easier to take care of"...  Should that happen the Ds and the Rs will continue to be separated by "political/character" views.

Those who can "control" window lighted warehouses in the cities may end up controlling the food supply for that city, for without light, plants do not do well.... there are a varity of ways to get heat or cooling for year round production, but plants need sun light...


Tue, 09/20/2011 - 09:52 | 1688472 Thomas
Thomas's picture

I also am wondering if such a reach to an even longer end of the yield curve might over the proximate trigger to the end of the secular bond bull. Right now there is a ruse going on. It might be brought into the light of day by that one.

Tue, 09/20/2011 - 10:06 | 1688528 LetThemEatRand
LetThemEatRand's picture

Some of us are pretty sure that day has already arrived.  Do you feel like the candidates who are thrust upon us are even remotely what people really want to vote for?   Do you notice that when someone like Ron Paul emerges on the national stage, the entire media machine and the party machines do everything possible to crush him (quite successfully so far, I might add).  Our system is just a heck of a lot better at hiding what it is because we have staged debates and most importantly, two parties who supposedly represent different things.   As long as people believe they are electing people of their chosing, there is no revolt.  Pretty damn clever if you ask me.

Tue, 09/20/2011 - 10:55 | 1688735 Snidley Whipsnae
Snidley Whipsnae's picture

" As long as people believe they are electing people of their chosing, there is no revolt. "

People rarely if ever revolt because they dislike the political situation...

People revolt when they get hungry.

Tue, 09/20/2011 - 10:23 | 1688596 Ponzi Unit
Ponzi Unit's picture

I got news: Our vote doesn't count. The same interests control both parties. If you hold views with material differences, then, like Ron Paul on the right and Bernie Sanders on the left, you are marginalized. It's a one-party fascist enterprise cooperatively managed by transnational cartels. Call it National Socialism, American style.

Tue, 09/20/2011 - 13:13 | 1689340 ImnotPOTUS
ImnotPOTUS's picture

Say what you want of the tenants of National Socialism, but at least its' an ethos.

BTW Did you see metah world peace on DWS? OMG LOL FAIL.....

Tue, 09/20/2011 - 10:26 | 1688612 pupton
pupton's picture

Save our children with The ultimate Jobs Plan - abolish the federal government - I saw this article on Whiskey and Gunpowder and had to share it with you all.  An interesting proposal, yet there is no implementation plan.  It starts with removing the shackles of unsound money and replacing it with Constitutional money; gold and silver coin.  If they don't control our money they will find it harder to control us.

Tue, 09/20/2011 - 11:39 | 1688959 flacon
flacon's picture

That is a very well written and good article. I agree with it completely. Thanks for posting it. 

Tue, 09/20/2011 - 15:45 | 1689865 mochadick
mochadick's picture

how do I get my eyes on his regular missives...? or are they only for the well to do?  and Rosie's too?

Tue, 09/20/2011 - 09:44 | 1688437 Conrad Murray
Conrad Murray's picture

Vote with a bullet.

Tue, 09/20/2011 - 09:55 | 1688483 GeneMarchbanks
GeneMarchbanks's picture

Flawed logic, vote with your currency and 'buy' money...

Tue, 09/20/2011 - 10:00 | 1688504 Bobbyrib
Bobbyrib's picture

Yeah, until the "recall" happens and they outlaw real money.

Tue, 09/20/2011 - 10:09 | 1688535 GeneMarchbanks
GeneMarchbanks's picture

We're not there yet are we? Until that happens let's see if we can get them to join us instead of beat us. Gold before lead is all I'm saying...

Tue, 09/20/2011 - 10:02 | 1688514 traderjoe
traderjoe's picture

Why does a sovereign country have debt at all?

Tue, 09/20/2011 - 10:07 | 1688530 Conrad Murray
Conrad Murray's picture

Because nobody is willing to rush the money changer's temple and flip their printers.

Tue, 09/20/2011 - 10:26 | 1688610 Ponzi Unit
Ponzi Unit's picture

TraderJoe asks the most provocative question of the week.

Tue, 09/20/2011 - 12:10 | 1689066 Bananamerican
Bananamerican's picture

the answer is less provocative...because it is NOT Sovereign

Tue, 09/20/2011 - 10:56 | 1688689 falak pema
falak pema's picture

'cos as a sovereign it can by definition do what it likes; make war with  other people's money for other people's oil; buy, buy buy; with other people's sweat and cash on borrowed trust. You know whom I'm referring to as the profligate sovereign...n its not China. Live like a sovereign with divine rights. Right?

Now the catch is does a sovereign state then say : i don't have debts that I don't want to pay and walk away from ANOTHER sovereign state? Or will there be retribution like at Huntsville prison.... for the common man?

Think Greece today, Others tomorrow...all the way up to the top.

Tue, 09/20/2011 - 10:49 | 1688704 MachoMan
MachoMan's picture

Because, despite thousands of years to develop a better solution, humans have never developed or implemented a governmental mechanism which maintains a fair and balanced stasis...  for lack of a better term, we still believe in magic...  and don't really care to learn the follies of our predecessors.

Tue, 09/20/2011 - 11:56 | 1689011 SRV - ES339
SRV - ES339's picture

to line the banker's pockets... everything else is noise

Tue, 09/20/2011 - 10:33 | 1688630 ToNYC
ToNYC's picture


To the voter with a bullet:

Please vote for yourself first, amigo!

Tue, 09/20/2011 - 09:45 | 1688440 Corn1945
Corn1945's picture

Great idea! Why not go all out and issue 1000 year Treasuries?

Do people actually pay Art Cashin for his advice or skills?

Tue, 09/20/2011 - 11:52 | 1689000 FreedomGuy
FreedomGuy's picture

Actually, Art is correct. IF, if, if we are ever really going to do anything about our long term debts and deficits we need to lock in these stupid low, artificially low, probably never seen again low rates. It buys time. However, we have idiots at the helm of the Minnow and we will do the dumbest possible things. We will do the short term stuff because it is at virtual zero.

Our kids have it good but it's supposed to be that way. I have it better than my grandparents. However, we have an economic structure that will soon collapse...then we will have it worse and have to decide the way out. This is where democracy is weak. It is most likely the majority will vote for an autocrat, not a Ron Paul or libertarian.

"There is the notion that a democracy gets what is wants...good and hard."

H.L. Mencken  (Paraphrased)

Tue, 09/20/2011 - 09:46 | 1688443 Peter K
Peter K's picture

Naaaa. The real gem is the following monologue from Rush yesterday:

That's why he's been on top for the last 23 years..... and counting :)

Tue, 09/20/2011 - 09:58 | 1688495 Spastica Rex
Spastica Rex's picture

That's some really real wrestling there.

Tue, 09/20/2011 - 10:02 | 1688507 Crisismode
Crisismode's picture

"The reason that we are in the fiscal position that we're in in this country so that people who work in government have been irresponsible, totally and 100% irresponsible. Now, being honest you could lay a majority of this blame to the Democrat Party. They live and breathe off the notion of ever-expanding government, government running more and more of people's lives."


Yeah Rush, that's the ticket! It's ALL the democrats fault! Republican administrations from Nixon to Reagan to Bush have exhibited exemplery fiscal responsibility and they all SHRUNK the government whle the Democrats expanded it!


What absolute rubbish.

Tue, 09/20/2011 - 10:10 | 1688539 LetThemEatRand
LetThemEatRand's picture

90% of the population is perpetually caught up in the Red Team/Blue Team crap.   At least when someone tells you they are a Rush fan, you can save yourself the time of wondering if they have anything valuable to tell you.

Tue, 09/20/2011 - 12:15 | 1689094 Bananamerican
Bananamerican's picture

same with the guy who says "Obama was handed a really shitty situation..."

Tue, 09/20/2011 - 11:59 | 1689024 FreedomGuy
FreedomGuy's picture

The blame is shared if you read it correctly but more is assigned to Dems. That IS correct. Frankly, we seem to have a one party system with two wings. The Dems run left and the Republicans grouse but walk left.

Ron Paul and libertarians are the only true conservatives.

Tue, 09/20/2011 - 10:11 | 1688540 snowball777
snowball777's picture

Partisan putz puts pathetic platitudes public pacifying puerile pinkertons' petulant pathos.

Tue, 09/20/2011 - 10:50 | 1688711 Bicycle Repairman
Bicycle Repairman's picture

Ellroy is that you?

Tue, 09/20/2011 - 11:07 | 1688790 snowball777
snowball777's picture

Nah...he has talent and bow-ties; I have my hair and a penchant for alliteration.

Tue, 09/20/2011 - 10:32 | 1688632 Ponzi Unit
Ponzi Unit's picture

Let's comically assume that party affiliation is meaningful and take this statement from Rush about the Democrats: They live and breathe off the notion of ever-expanding government, government running more and more of people's lives.

This is true if you can overlook Medicare drug expansion, runaway military spending, the Patriot Act, to name a few. But then I am taking this clown at his word.

Tue, 09/20/2011 - 10:52 | 1688721 Uncle Remus
Uncle Remus's picture

You're exposing his strategery.

Tue, 09/20/2011 - 11:21 | 1688857 pupton
pupton's picture


Yes people, the Democrats are the ones pissing more money away in BS entitlement programs over the last 80 years.  Social Security and Medicaid/care are ruining America's balance sheet, and those wouldn't have happened without Democrats backing them.  Yes both parties have some responsibility, but get your heads out of your asses, the Dems have been driving the socialist agenda.  Not only that, these are the people who want to divide us into categories and pit us against each other; class warfare.  The people who vote Dem are MORE responsible for the spending, yes!  I can't believe the number of people here who refuse to assign the same blame that the Dems are assigning to you.  I'll take my down arrows from you assholes now.  Are you fucksticks defending the Democrats actions of the last 80 years?  If so maybe I'm on the wrong site.

Tue, 09/20/2011 - 12:43 | 1689233 Uncle Remus
Uncle Remus's picture

pissing more money away in BS entitlement programs

The bankers and MIC are certainly not taking being #2 sitting down, no sir.

Tue, 09/20/2011 - 12:05 | 1689045 SRV - ES339
SRV - ES339's picture

He's been on top for 23 years because of the amazing number of intellectually challenged listeners... ignorance is indeed bliss Peter.

Tue, 09/20/2011 - 09:46 | 1688445 Dr. Engali
Dr. Engali's picture

Art you've seen some pretty good days. Unfortunatly those days are behind us as the system breaks down. Hopefully something better will be rebuilt but I kind of have my doubts with the current crop of leaders we have. I fear something much worse is on the way.

Tue, 09/20/2011 - 10:34 | 1688639 Ponzi Unit
Ponzi Unit's picture

Dr. Engali, regrettably, I agree -- "something much worse is on the way."


Papers, pleece?

Tue, 09/20/2011 - 10:53 | 1688728 Uncle Remus
Uncle Remus's picture

It seems comrade, that your papers are not in order. Step this way.

Tue, 09/20/2011 - 09:53 | 1688459 Pool Shark
Pool Shark's picture



Hogwash! My children's future is secure; I've invested their entire legacy in Netflix,... er,.. uh,... or was that Qwikster...

Tue, 09/20/2011 - 11:21 | 1688880 FMR Bankster
FMR Bankster's picture

Qwikster. What an appropriate name. How fast can you lose your a** in this market? Qwikster than you could ever believe.

Tue, 09/20/2011 - 09:49 | 1688460 knukles
knukles's picture

The difference between my family and the gubamint is that here, the big Kahuna in the sky, the Central Bank of Dad, My House Appropriations Committee says "No".  As in it's a complete sentence, needs no explination, to which there is no reasonable retort ("Why?" not being considered even as unreasonable, just noise.) may or may not be preceeded with the all purpose and possibly finest word in the English Language "Fuck" and curtails further debate vis "Closure of this Conversation."

We thereby do not spend, curtail outlays and move toward balancing our budget.

Tue, 09/20/2011 - 09:50 | 1688467 Bob
Bob's picture

I don't take anybody shedding tears for "the children" seriously unless they're putting a debt jubilee and wholesale bankster prosecutions on the table. 

Otherwise, they're just opportunistically bullshitting from a pose of deep concern for others, imo.

Tue, 09/20/2011 - 10:35 | 1688645 Ponzi Unit
Ponzi Unit's picture


Tue, 09/20/2011 - 10:52 | 1688724 Bicycle Repairman
Bicycle Repairman's picture

Exactly.  If you care about the children, and yourself, you'll solve the problem and not rob someone else.

Tue, 09/20/2011 - 11:12 | 1688827 MachoMan
MachoMan's picture

Bob, this is exactly why there can never be a political solution to the problem...  or at least a palatable one.  Until we claw back the ill gotten gains of the last few decades (with a heavy bias towards the more recent years), no political proposition has enough goodwill to get sufficient buy-in from the productive members of the populace...  and it's going to take a significant amount of time for a justice system to fairly sift through the various cases.  Time that we don't really have...

The other alternative is to essentially kill them all (oft proposed in the comment sections of this site), but this would typically be followed by a ridiculous and oppressive government (aside from the inherent impossibility of any mob to administer justice over even a small amount of exercises)...  probably not any better (and probably worse) than the present (at least we presently have the plausibly deniable illusion of free will).  The power needed to pursue such a course would not easily be relinquished...  the hydra otherwise known as power.

The solution is simple in theory, but in practice it's very difficult...

Tue, 09/20/2011 - 12:28 | 1689155 Bob
Bob's picture

Agreed.  Unfortunately, those who deserve haircuts are the guys who own the system.  Naturally enough, for them at least, they defend the status quo at all costs.

For the rest, even the lame intervention of addressing the symptoms by means of taxation is not available. Those who own the game make the rules. 

Quite a fix we're in.  And #winning is not in the script for the common man. 


Tue, 09/20/2011 - 09:50 | 1688468 SwingForce
SwingForce's picture

The Bankers & The Politicians are destroying our world, if I were Ron Paul I would beware of the Secret Service agents assigned "to protect". Protect whom?

Tue, 09/20/2011 - 10:37 | 1688653 Ponzi Unit
Ponzi Unit's picture

...if he wins Super Tuesday, he could have a "heart attack" from all the excitement.

Tue, 09/20/2011 - 09:51 | 1688469 Larry Darrell
Larry Darrell's picture

"To Hell With The Kids"

What I find hilarious in all of this is that they think the kids are actually going to pony up for this shit.

As one of "the kids" (Generation X) with 2 younger brothers (Mellineals), I can promise you we aren't going to pay for shit.

The revolution is coming.  It always builds slowly.  Everyone I associate with is already preparing, most of us in concert with the older members of our families.  They trust us, and know we mean it when we say they aren't going to retire with benefits.

As a whole, this will play out as GENERATIONAL WARFARE.  The Gen X and younger crowd will tell the baby boomers to fuck off and die.  You may not like it, you may not think "it's fair," but it's coming.

If you're 50+, you better be preparing, because you aren't going to get anything you think you've got "coming to you."

You've been warned.

Tue, 09/20/2011 - 09:57 | 1688488 Bob
Bob's picture

My generation was young and stupid once, too.  How about showing that older and lesser generation you condemn that you've got a little more on the ball by going after the banksters and their toadies in finance who pulled the whole thing off?

Have a clue, dumbass. 

Tue, 09/20/2011 - 10:29 | 1688621 Larry Darrell
Larry Darrell's picture

It's got nothing to do with being young and stupid.  And it's not that on an individual level we condemn the previous generations--it's the collective.

And that's what the problem was before and is now -- the collective.  Those of us in the younger generations will say fuck you to the collective--both its mentality and its population.

The PRODUCERS are done with paying to carry other people as their burden.  The banksters and their toadies are indeed parasites that will be eradicated.  But we will not be sparing the parasites at the other end of the spectrum.  We will look out for our own only, so those currently receiving handouts will get shafted as well.

To be clear, I'm not calling for generational warfare.  I'm just pointing out that this is how it will ultimitely manifest.  There will be no mercy shown from some new collective.  We will stiff the banksters, and when that happens, those involved in any sort of government sponsored benefit (AKA mandated transfer payment) will suffer as collateral damage.  This will hit the older generations the hardest as they will be past the point in life where they can continue to support themselves.

I've thought about this incessantly for going on a year now.  It has me scared for all of those I care about, but I honestly don't see how it possibly plays out any other way.


Tue, 09/20/2011 - 10:33 | 1688636 Theta_Burn
Theta_Burn's picture

180` turn there Larry well done, never forget we are all in this together...

Tue, 09/20/2011 - 10:37 | 1688658 Lednbrass
Lednbrass's picture

Well said.  Im an X'er and the choice before me is clear- either those ahead of me or my kid and those behind me.

There is only one option, and the boomers arent going to like it.

Tue, 09/20/2011 - 10:39 | 1688668 Theta_Burn
Theta_Burn's picture


Tue, 09/20/2011 - 10:55 | 1688736 Bicycle Repairman
Bicycle Repairman's picture


Tue, 09/20/2011 - 11:03 | 1688748 Bob
Bob's picture

That's really inspiring--instead of addressing the real root cause of the problem, you'll join an ignorant mob to hang the victims of this fucked up system in the name of Justice! 

That it will be the old and the sick you'll heroically heave to the gutter is brilliantly convenient, though.  And what would better serve the iGeneration than something so convenient?

Dress it up any way you like, young man, but I see Brown Shirts. 

Congratulations on that idealism. 

Tue, 09/20/2011 - 11:26 | 1688819 Larry Darrell
Larry Darrell's picture

" the victims ....... in the name of justice!"

I can see now that there can be no discussion of this with you without you throwing out assumptions as to my feelings.

I didn't say there would be any justice, and I never said there would be anything that could be considered heroic.  I said I AM terrified of what's coming.

And again, your post only serves to drive further wedges between the generations with your sweeping generalizations, RE: "iGeneration"

I'm not sure I can see where the previous generations have given this so-called "iGeneration" anything of lasting value.  And if they are indeed all about the ME ME ME, where do you suppose they learned such behavior??  Oh that's right, it's not your're the victims.  Another problem with the collective mentality.  No one is responsible.  Someone else caused this.  Everyone is the victim.


Tue, 09/20/2011 - 11:33 | 1688929 Bob
Bob's picture

It's been a massive crime, but not everyone is a victim.  Follow the money

Sorry about over-extending my generational net, btw.  I'd like to think we all, regardless of generational cohort, have other options available.  Prophetic visions of inter-generational waterloos are counter-productive to those being recognized, imo. 

If you and your generation don't get the right enemy in your sights, you're condemned to serving the same PTB and inevitably being condemned to the same fate as the boomers.  Regardless of your illusions. 

Sorry we failed to get it done--but blaming and discarding us will not solve the problem. 

Tue, 09/20/2011 - 11:42 | 1688973 Larry Darrell
Larry Darrell's picture

"but blaming and discarding us will not solve the problem"

I completely agree, but I'm afraid that this is what it will come to in the end.  This is what keeps me up at night--how do you avoid this type of pitfall.  The original post (which up re-reading was worded in a rather inflammatory manner) was meant to serve as a warning to the older generation of individuals reading the comments section that this is the most likely outcome, however unfortunate.

We need you to prepare, and not just for your own sake.  If we (the younger crowd) are to mount an effective assault on the TPTB, we will need to be as unencumbered as possible.  And as passionate as I feel about this stuff, I still will put the immediate needs of my family before the mission.  I'm certain that this is what has allowed this charade to go on for as long as it has -- the people who want real change and understand what it takes have too many other commitments to those immediately around them.


Tue, 09/20/2011 - 12:10 | 1689061 Bob
Bob's picture

Ah yes, the shit that happens while we're carrying on with our own lives. For most of my generation, that was raising kids, however wrong-headed the efforts were. 

The bad news, I think you will find, is that until you're in a bind your generation will not address the fundamental problems. That's just human nature. 

The best opportunity--and argument--for doing so will be exactly that scenario that keeps you up at night.  It will test your generation's collective soul . . . you'll either support collective decency or further devolution into a fascist corporate dystopia. 

You will most assuredly live in interesting times, fwiw. 

Tue, 09/20/2011 - 12:22 | 1689128 Larry Darrell
Larry Darrell's picture

The people I associate with in my day to day all support collective decency, just not forced collective redistribution.  I love helping others when I can, but I don't like being forced to support a massive framework of idiocy.

As for not addressing until we are in a bind, you are currently correct at the macro level.  But individually, you're wrong.  The changes are occurring already--slowly and in a calculated manner.


Tue, 09/20/2011 - 12:24 | 1689135 Bananamerican
Bananamerican's picture

"with 2 younger brothers (Mellineals) (sic)"

i'm sorry, but this was unintentionally funny, in an "educationally shafted" kind of's "Millenials"

Tue, 09/20/2011 - 13:11 | 1689332 Larry Darrell
Larry Darrell's picture

Glad you got a laugh.

Poster below caught that mistake as well.


Tue, 09/20/2011 - 11:16 | 1688807 flattrader
flattrader's picture

>>>showing...that you've got a little more on the ball by going after the banksters and their toadies in finance who pulled the whole thing off?<<<

Because he's the perfect tool.  There are at least two to three generations of these little stooges...and when they think they have "disposed" of the +50 crowd, the corps will rape them.

Some of them will wise-up.

My kid is almost 22 and he hasn't fallen for this generational warfare BS.

He knows who the enemy is.

Tue, 09/20/2011 - 14:37 | 1689624 malikai
malikai's picture

The enemy is us. After, anyone who does not know who the enemy is, is the enemy.

Tue, 09/20/2011 - 10:06 | 1688526 daxtonbrown
daxtonbrown's picture

[What I find hilarious in all of this is that they think the kids are actually going to pony up for this shit.]


And that is why this is headed inevitably to a civil war. One generation has no right to mortgage another generation into debt slavery. Human beings don't eat their young, only animals do. So yes this will be anouther war over slavery, but it won't look like CWI because we will in part be fighting over cyber territory and cyber currency (I'm talking Bitcoin, as it replaces digital fiat). This is a decades long war coming as the welfare state collapses. The younger generation has to default on $666 hundred thousand in unfunded labilities tied around their necks or be suffocated.

Tue, 09/20/2011 - 10:08 | 1688533 Caviar Emptor
Caviar Emptor's picture

Oh nobody actually expects the next generations to pay, don't be radicchio.....

Tue, 09/20/2011 - 10:35 | 1688647 ToNYC
ToNYC's picture


The Lord of the Flies will be serving what for grandmother? ZIRP coupons!

Tue, 09/20/2011 - 11:06 | 1688786 Snidley Whipsnae
Snidley Whipsnae's picture

"Human beings don't eat their young, only animals do."

Wrong... Humans have eaten their young many times. When people get hungry, really hungry, not just a little peckish, they will eat their young, your young, and anything else that will sustain them.

You need to do your history homework.

Tue, 09/20/2011 - 12:03 | 1689035 Alpha Monkey
Alpha Monkey's picture

And read "The Road"

Tue, 09/20/2011 - 18:44 | 1690350 andybev01
Tue, 09/20/2011 - 10:06 | 1688527 TwoHoot
TwoHoot's picture

You sound just like my kids, grandkids, nephews and neices. At 68, I am with you 100%. Grow up and do what you have to do. I can take care of myself or die. Sounds fair to me.

I have fought this socialist, big government shit for half a century and lost every battle outside the state of Texas. Somebody else is going to have to take up the good fight. That would be you and your contemporaries.




Tue, 09/20/2011 - 10:36 | 1688649 falak pema
falak pema's picture

did u win every battle within the state of TEXAS? Just asking...

Tue, 09/20/2011 - 11:12 | 1688825 TwoHoot
TwoHoot's picture

No. But some, enough to matter.

Goldwater got my "free" vote (we had a poll tax then and it was free during the year you turned 21). At that time, the Democrat primary  was THE election in Texas. There was no other party active in Texas. At least we have two viable competitive parties now. That is a big win.

Another big win was keeping the original Texas Constitution (which basically prohibits big governement) and defeating every attempt to institute a state income tax. The state is funded by sales tax and higher education by funds from leases and royalties on state lands.

Also, Texas was one of the last states to allow equity second mortgage loans so the housing boom and bust has been muted compared to other states. We lost some ground on absolute property rights there but it is still somewhat difficult to foreclose on a second home mortgage, so lenders are more careful about making them.

More recently, demanding that the Federal Government abide by the 10th Amendment to the constitution is a fight that hasn't been resolved yet. Progressives want to paint it as a secession movement. It isn't. It is about the Federal government abiding by the Constitution of the USA. I think we can win if the Gen Xers get active on this vital issue.

I could go on but it isn't really what this thread is about.



Tue, 09/20/2011 - 12:54 | 1689267 falak pema
falak pema's picture

Ty. Texas is original in many ways. I knew it professionally as an oil/gas producing power house where the oil lobby was very strong. I knew little about its legal-legislative system. It also has a negative image in Europe, where I live, about its record on capital punishment. One interesting aspect about USA future trends is the way the hispanic element, the regular immigrants, will fit in, continue to blend into the US system. It seems to be an issue in the red-blue stand-off as seen from here. Texas has a high component of hispanic and black populations. So it will, as a populous state, be a good yardstick of how the USA will address these issues in coming years. 

Tue, 09/20/2011 - 14:32 | 1689524 TwoHoot
TwoHoot's picture

Texas is definitely heavily influenced by Mexican culture and heritage. I don't see or feel the animosity between Anglos and Hispanics that gets news media attention in other border states (like Arizona and California) and non-border states. It is rare to find an established Texan Anglo family that doesn't have close Hispanic relatives or in-laws. Same applies to established Texan Hispanic families with Anglo relatives.

The Texas-Mexico border has always been more or less open, in fact if not by law.

Both Anglo and Hispanic Texans are very concerned about the drug cartel violence so prevalent in Mexico spilling over into Texas. I think most Anglos and Hispanics would agree that the problem is crime and violence, not immigration per se.

There really aren't that many blacks in Texas, about 11.6% of the population which is less than the US average. It is concentrated in large cities and deep East Texas. I grew up in far west Texas as a member of the Anglo minority. I was probably 10 years old before I ever even saw a black person.

Capital crime gets capital punishment in Texas.




Tue, 09/20/2011 - 10:15 | 1688553 Theta_Burn
Theta_Burn's picture

Whats coming?

It's good to be outraged, but not when it's misplaced, most Gen x'ers i know can't fill out a job application let alone shoulder the pressures of life, you know the cost of raising the very same dead-beat gen-x'ers your putting your faith in.

But you can blame me if you want, or the Mexicans because all you Gen-xer's are just lining up for those landscaping and dishwashing jobs. time to get out of the basement junior.

Good luck with that revolution though as yall be looking round for someone to take the lead.



Tue, 09/20/2011 - 10:43 | 1688687 Larry Darrell
Larry Darrell's picture

I'm not blaming any one individual or any one generation for the problems (see reply to another poster above), but if you don't study differences in generations of americans you can't understand what I'm talking about.  You can only lash out.

As a Gen-X'er, here's what I, and my whole generation have seen throughout our lives, and in mostly real time due to advances in technology and information transmission:

We've lived our entire lives watching the FAILURE OF INSTITUTIONS, from public shools to our parents marraiges.  There is ZERO faith as a result that any institution can right the American ship.

Therefore, institutions will be abandoned--especially government run institutions.

As for a general malaise that you associate with Gen-X, that runs through every living generation alive in this country right now at the collective level.  As for revolutions, it usually only takes about 5 to 10 percent of a group to get one going.  With the current method of exchange (US FRN's) leveraged to ungodly heights, 5 to 10 percent is more than sufficient to start a run.  So the majority that you speak of isn't going to prevent what's coming.

Tue, 09/20/2011 - 13:48 | 1689458 Cathartes Aura
Cathartes Aura's picture

institutions will be abandoned--especially government run institutions.

it's a good start, but next you need to work on sweeping gene-rationalisations because there are no absolutes in age groups, nor sex-types(gender), nor race-types, etc. - no absolutes, so drop the "lines drawn" myths.

the "I and my whole generation" is non-sense, I can point to hundreds of individuals who share your generation, but not your values - and no doubt many who share your values, but not your imagined "perfect age" - for instance, I was raised with the institutional bullshit of poor schooling, strict religion, and generational poverty - I could see very early on in my 20's that the institutions were pushing me into roles that would stifle whatever I knew myself to be - and so, as you advocate, I dropped them from my reality. . . of course, the institutions still exist, and many people still support them, but I don't, and I encourage others, of any age, to question their allegiance(s).

so would you come for me with pitchforks?  how will you know I'm more on your "side" than theirs?  a long questionaire or interview?  will there be a test?  or will you just go by appearances? 

live your life in the way you wish others to, be the example, attract those who "see" your example as worthy of emulation - forget about revenge, or setting things "right" or whatever - get on with being, and maybe extending a hand to those similar.

Tue, 09/20/2011 - 10:18 | 1688575 Azannoth
Azannoth's picture

The society will reach a tipping point in the next 5-15 years where the majoriy of the electorate will be paying for the minority of the electorate at least till the next election that is

Tue, 09/20/2011 - 10:47 | 1688700 I Got Worms
I Got Worms's picture

I simply just don't see that that we've got 5-15 years left in the tank in this country.  I agree with your comment, but feel our tipping point it is more realisticly 1-3 years away (hell, if not tomorrow).

Tue, 09/20/2011 - 10:38 | 1688662 Ponzi Unit
Ponzi Unit's picture

For years I have said there will one day be a bounty on us Boomers.

Tue, 09/20/2011 - 14:09 | 1689536 Cathartes Aura
Cathartes Aura's picture

if those who control the media-story, and the gubbermint-story, have their way, then yes, there will be generational in-fighting. . . anything to keep the anger deflected from the REAL targets. . .

Tue, 09/20/2011 - 10:53 | 1688729 GeezerGeek
GeezerGeek's picture

I assume you're using a speech-to-text program to create you comments. If not, your spelling certainly indicates you won't get the kind of job needed to support us older folks. It was nice of you, however, to use the age of 50+ as a breakpoint, since back in my good old days we said "don't trust anyone over 30". What the country needs, however, is to eliminate the concept that anyone has something "coming to you" from the government. Far too much money (fiat) is wasted on Medicaid, food stamps, extended unemployment benefits, etc. It doesn't matter what one's age is: a drain on the productive is a drain. At least there is some vague justification in those over 55 in saying they contributed to SS and Medicare (as if we had a choice). That said, I hope your generation, and that of your younger brothers, manages to shrink the size of government. Vote against progressives, liberals, fascists and all other big-government types.

Tue, 09/20/2011 - 11:52 | 1689001 Absinthe Minded
Absinthe Minded's picture

The way I see it the baby boomers lived through the best years of this country and while in charge let it go down the fuckin' toilet. I am 40+ and I have no illusions of SS being ther for me either. I plan on having to support my family until I die. I feel lucky I have a good job. Hopefully my kids do well, I am preparing them for a shitty future. My daughter is smart enough to go to college but I don't want her to be one of those graduates with $50G in debt. I would rather help her start a business.

Tue, 09/20/2011 - 09:51 | 1688470 narnia
narnia's picture

your kids and grandkids are not going to be paying for these unfunded perceived promises.  it will require taxation that is more than they can bare.  

this isn't a punt to future generations.  it is punt to a black hole of oblivion.

Tue, 09/20/2011 - 12:30 | 1689166 Bananamerican
Bananamerican's picture

a black hole named "Default"

Tue, 09/20/2011 - 09:56 | 1688476 dwdollar
dwdollar's picture

"At these exceptional rates, that would allow us time enough and room enough to put the debt in order - a chance to structure the debt hodgepodge in an almost logical manner."

Right... Keep dreaming.

Tue, 09/20/2011 - 09:56 | 1688484 monopoly
monopoly's picture

Greenspan "visiting" with the Fed today. We are doomed.

They advise on the idiot channel that gold is not trading the way it was a couple of months ago and maybe this is the end of the cycle wih gold down about 7% from its high.

Well, NFLX is not quite trading the way it was a couple of months ago either. Where do you want to be?

Tue, 09/20/2011 - 09:56 | 1688486 disabledvet
disabledvet's picture

First off while we need licenses for everything else in the world now the same cannot be said for having children. Second we are financing this deficit--which to me is more staggering than the number itself. Third: "we're gonna be killing people this time around." And I ain't talkin' "the you an me." And now in honor of salted peanuts:

Tue, 09/20/2011 - 09:57 | 1688487 lolmao500
lolmao500's picture

There's a fix for debt. DON'T PAY IT. Nobody should pay taxes. The debt holders can suck it.

Tue, 09/20/2011 - 09:58 | 1688492 TradingJoe
TradingJoe's picture

It will be EPIC! It wont spare ANYONE! GOT GOLD? The Physical kind i mean?!?!

Tue, 09/20/2011 - 09:58 | 1688494 LongSoupLine
LongSoupLine's picture

Thank God my kids can digest iPads....

Tue, 09/20/2011 - 09:59 | 1688499 Sutton
Sutton's picture

Issue 100 year bonds.  And in a crunch, 6 months from now, Ben can buy them.

Tue, 09/20/2011 - 09:59 | 1688502 monopoly
monopoly's picture

Now what happened for that pop.

Tue, 09/20/2011 - 09:59 | 1688503 RSloane
RSloane's picture

Family farms are starting to look good.

Tue, 09/20/2011 - 10:06 | 1688508 Caviar Emptor
Caviar Emptor's picture

Oh Don't Cry for Us, Art Cashin! 

We are living the dream : a world without work or responsibilities like debt repayment will soon be upon us! 

We are the children of the perpetual motion money machine, carried along by the rising green tide of freshly minted notes. And the more you fill our hands with product, the better we can fulfill our duty, our calling and our charge: To Shop! Oh what a glorious world we've been given!!

Tue, 09/20/2011 - 10:24 | 1688601 CompassionateFascist
CompassionateFascist's picture

When the going gets tough...the tough go shopping. Today I'm going to buy some CDs and books. With real money. It will be good for the economy.

Tue, 09/20/2011 - 10:04 | 1688521 j0nx
j0nx's picture

Please. These guys know something they aren't sharing with the genpop. A comet, climate change, volcano, whatever I don't know. They are spending with abandon because they know there is no reason not to and it wouldn't surprise me AT ALL to learn that all the money that has been spent has been used to build bunkers, etc for the elites that are the ones chosen to survive. When you think about all the money that has been spent and the total lack of concern for future consequences then nothing else makes sense. The scene in that movie Deep Impact when the President says they have already spent more money than they can hide comes to mind. Just a thought...

Tue, 09/20/2011 - 11:53 | 1689003 Alpha Monkey
Alpha Monkey's picture

When you think about all the money that has been spent and the total lack of concern for future consequences then nothing else makes sense.

Except for the entire history of humanity being filled with a class of people who have the power to inflict their will on the masses, and think their will is the only will that's important.  So, if all people throughout history that got carried away on unlimited money and power were all amassing their fortunes in preparation for future catastrophe, then nothing else makes sense, but I think you should look a little further than some fear based propaganda for insights into how your fellow man has been behaving since, well, forever I guess.


Tue, 09/20/2011 - 18:14 | 1690269 bid the soldier...
bid the soldiers shoot's picture

Rudyard Kipling. "The Gods of the Copybook Headings"

"Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it oncemore

As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;

And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return! "

Tue, 09/20/2011 - 10:15 | 1688549 Everybodys All ...
Everybodys All American's picture

Art is really not that is totally irresponsible for any adult to act this callas to what is eventually coming to America. I know it's all said somewhat in jest but at the same time we need to demand more from our politicians and wall street traders.

Tue, 09/20/2011 - 10:14 | 1688550 eaglefalcon
eaglefalcon's picture

don't worry about that.  eventually the kids will vote with their feet and leave the country if the burdens are too much for them to bear.  at least the brightest and the productive ones will leave, no one can stop them.  can't even stop the mexicans from coming in.. how can we stop them from going out

Tue, 09/20/2011 - 10:19 | 1688558 tawdzilla
tawdzilla's picture

who the hell would buy a 100 year bond?

Tue, 09/20/2011 - 10:25 | 1688608 King_of_simpletons
King_of_simpletons's picture

Mad Max

Tue, 09/20/2011 - 10:38 | 1688664 eaglefalcon
eaglefalcon's picture

if the 10 year pays 2%, simple math tells us that the 100 year would pay about .2%...who the hell would buy that?>>


1)  Don't misunderestimate the stupidity of the chinese and resourcefulness of the bernank, so you got two willing and ready buyers already


2) Warren Buffett and the like will fulfill their "patriotic duty" and buy plenty, in exchange for some sweetened deal


3) The 30-year bond helds by social security trust fund, medicare, medicaid, retirement plan for federal workers can be replaced with 100-year treasuries, that's a few trillions worth


4) congress can pass a law mandating all 401k, and roth ira to invest 40% of their money in 100-year bonds

Tue, 09/20/2011 - 10:15 | 1688560 Sambo
Sambo's picture

The thought of living beyond one's means springs from a self-image that projects prosperity. The problem is that such prosperity is not sustainable.

Tue, 09/20/2011 - 10:23 | 1688598 lizzy36
lizzy36's picture

Upon learning today that POTUS thinks that "high unemployment was due to productivity gains in the economy" and NOT deficient aggregate demand, i have come to the conclusion that S&P should have downgraded the US to junk.


Tue, 09/20/2011 - 11:00 | 1688755 Ponzi Unit
Ponzi Unit's picture

POTUS makes a true statement if you define "productivity gains" as outsourcing labor and production. Talk about externalities! Corporate balance sheets look pretty good, especially when compared to fiscal ratios (from GDP that would otherwise have been higher) and 22% unemployment aggravated by outsourcing.

Tue, 09/20/2011 - 14:19 | 1689561 Cathartes Aura
Cathartes Aura's picture

the "POTUS" doesn't "think" - he reads what is written for him - I'm sure you know this, so why let it incite rage? 

Tue, 09/20/2011 - 10:25 | 1688607 Toolshed
Toolshed's picture

Pfffft!..........who could possibly believe there will be a USA in 50 years, much less 100, years from now.

Tue, 09/20/2011 - 10:30 | 1688623 lolmao500
lolmao500's picture

Good point. What about 10 years from now?

Tue, 09/20/2011 - 10:41 | 1688677 Uncle Remus
Uncle Remus's picture

future US generations may want to hold a referendum on being born...

LOL. So it goes.

Tue, 09/20/2011 - 10:45 | 1688691 eaglefalcon
eaglefalcon's picture

future US generations may want to hold a referendum on being born... 


They don't really have any choice.  The current generation only has to do 2 things:  to screw and to screw up

Tue, 09/20/2011 - 11:15 | 1688835 Uncle Remus
Uncle Remus's picture

The topic of boomers reminds me of something my father once told me. The context of the statement is that, at the time, he was seriously contemplating "retiring" the then husband of one of my sisters. My father, being a reasonable man, had considered the consequences I was quite certain, but I felt I needed to verbalize the risks and potential consequences. His response: "After you reach a certain age, the death penalty is no longer an effective deterrent".


Tue, 09/20/2011 - 11:30 | 1688913 FMR Bankster
FMR Bankster's picture

When we go over the edge the speed will shock everyone. This is the end of a system and when it falls, it falls. And things will be better afterwords. Look at China. The Iron rice bowel died in the early 1980's. All the promises were broken. Same way with the Soviet Union in the early 1990's. Broadly speaking things are better but if you depended on a goverment promise your were scr**ed. I'm 55, might get something from Social security or Medicare but maybe not. Fica is just another goverment tax. promises you nothing you can count on.

Tue, 09/20/2011 - 12:05 | 1689036 Coldfire
Coldfire's picture


I have gotten past Mr. Cashin's formidable gin blossoms and learned to appreciate his wisdom. And when it comes to children George Carlin also had some excellent insights:

Something else I'm getting tired of in this country is all this stupid talk I have to listen to about children. That's all you hear about anymore, children: "Help the children, save the children, protect the children." You know what I say? Fuck the children!

They're getting entirely too much attention. And I know what some of you are thinking: " Jesus, he's not going to attack children, is he?" Yes he is! He's going to attack children. And remember, this is Mr. Conductor talking; I know what I'm talking about.

And I also know that all you boring single dads and working moms, who think you're such fucking heros, aren't gonna like this, but somebody's gotta tell you for your own good: your children are overrated and overvalued, and you've turned them into little cult objects. You have a child fetish, and it's not healthy. And don't give me all that weak shit, "Well, I love my children." Fuck you! Everybody loves their children; it doesn't make you special. : : : John Wayne Gacy loved his children. Yes, he did. That's not what I'm talking about. What I'm talking about is this constant, mindless yammering in the media, this neurotic fixation that suggests that somehow everything--everything--has to revolve around the lives of children. It's completely out of balance.

Listen, there are a couple of things about kids you have to remember. First of all, they're not all cute. In fact, if you look at 'em real close, most of them are rather unpleasant looking. And a lot of them don't smell too good either. The little ones in particular seem to have a kind of urine and sour-milk combination that I don't care for at all. Stay with me on this folks, the sooner you face it the better off your going to be.

Second, premise: not all chidren are smart and clever. Got that? Kids are like any other group of people: a few winners, a whole lot of losers! This country is filled with loser kids who simply...aren't...going anywhere! And there's nothing you can do about it, folks. Nothing! You can't save them all. You can't do it. You gotta let 'em go; you gotta cut 'em loose; you gotta stop over-protecting them, because your making 'em too soft.

Today's kids are way too soft. : : : For one thing, there's too much emphasis on safety and safety equipment: childproof medicine bottles, fireproof pajamas, child restraints, car seats. And helmets! Bicycle, baseball, skateboard, scooter helmets. Kids have to wear helmets now for everything but jerking off. Grown-ups have taken all the fun out of being a kid. : : : What's happened is, these baby boomers, these soft, fruity baby boomers, have raised an entire generation of soft, fruity kids who aren't even allowed hazardous toys, for Chrissakes! What ever happened to natural selection? Survival of the fittest? The kid who swallows too many marbles doesn't grow up to have kids of his own. Simple stuff. Nature knows best!

Another bunch of ignorant bullshit about your children: school uniforms. Bad theory! The idea that if kids wear uniforms to school, it helps keep order. Hey! Don't these schools do enough damage makin' all these children think alike? Now they're gonna get 'em to look alike, too? : : : And it's not even a new idea; I first saw it in old newsreels from the 1930s, but it was hard to understand, because the narration was in German! But the uniforms looked beautiful. And the children did everything they were told and never questioned authority. Gee, I wonder why someone would want to put our children in uniforms. Can't imagine.

And one more item about children: this superstitous nonsense of blaming tobacco companies for kids who smoke. Listem! Kids don't smoke because a camel in sunglasses tells them to. They smoke for the same reasons adults do, because it's an enjoyable activity that relieves anxiety and depression.

And you'd be anxious and depressed too if you had to put up with these pathetic, insecure, yuppie parents who enroll you in college before you've figured out which side of the playpen smells the worst and then fill you with Ritalin to get you in a mood they approve of, and drag you all over town in search of empty, meaningless structure: Little League, Cub Scouts, swimming, soccer, karate, piano, bagpipes, watercolors, witchcraft, glass blowing, and dildo practice. It's absurd. : : : They even have "play dates", for Christ sake! Playing is now done by appointment! But it's true. A lot of these striving, and parents are burning their kids out on structure. I think what every child needs and ought to have every day is two hours of daydreaming. Plain old daydreaming.

Turn off the internet, the CD-ROMS, and the computer games and let them stare at a tree for a couple of hours. Every now and then they actually come up with one of their own ideas. You want to know how to help your kids? Leave them the fuck alone.


Tue, 09/20/2011 - 12:17 | 1689103 Uncle Remus
Uncle Remus's picture

Hey, if we can repeal Glass-Steagal, let's get rid of those pesky child-labor laws as well. That'll show those Chinese, dammit.

Wed, 09/21/2011 - 14:56 | 1693755 bid the soldier...
bid the soldiers shoot's picture

Lordy, Lordy. That was good + 50,000.

When TSHTF get yourself a job as a court jester for one of TPTB.
You'll get a nice house in the Green Zone and a Marine corporal to drive you where ever you want to go and won't have to pay for gas.

Tue, 09/20/2011 - 16:40 | 1690062 besnook
besnook's picture

the infinity bond would cure all monetary and fiscal ills.  make them interest only loans at the prevailing long term rate with the interest financed by infinity bonds. the pronciple never has to be paid back but is counted as assets(reserves) and provide a steady reliably increasing amount of cash flow to banks, new money to the economy and no debt payment increase. it is the perfect financial instrument.

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