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Bob Janjuah: "Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer"

Tyler Durden's picture




 

Bob Janjuah is back.

Bob's World: Monetary Anarchy

Since my last note from early January I have spent the last few weeks assessing data and price action, as well as spending a lot of time talking to clients and trying to analyse the words and deeds of policymakers. In no particular order, my takeaways are as follows:

1 – Greece (and the whole eurozone story) continues to lurch about, seemingly perpetually, from Farce to Tragedy. Policy seems to be focused on protecting and preserving vested interests, with little consideration given to the dreadful conditions the people of Greece and other "peripherals" are being forced to live with. However, it seems that eurozone leaders may be about to pour even more taxpayer money down into the black hole that is Greece, primarily to help the banks in Europe, at the expense of perhaps a decade of suffering by the Greek populace. For my part, I am now consigning the Greece/Peripherals/Eurozone story to the box marked "self-serving political debacle" and from here on in I will simplify Europe as follows: Until, and unless, Germany signs up to full fiscal union, a eurozone breakup is likely. And depending on how long we can continue to "kick the can" down the road in order to protect the eurozone banks, the eurozone will be consigned to an extended period of weak growth, which in turn means ever decreasing debt sustainability. Ultimately this means that the end game will simply be more devastating for us all the longer we are forced to wait. Investors should be fully aware that "home" bias amongst real money investors is now "off the charts". This is not a good development for the eurozone, unless of course our leaders are preparing for break up, or at least considering it as a viable option.

2 – I am staggered at how easily the concepts of Democracy and the Rule of Law – two of the pillars of the modern world – have been brushed aside in the interests of political expediency. This is not just a eurozone phenomenon but of course the removal of elected governments and the instalment of "insider" technocrats who simply serve the interests of the elite has become a specialisation in Europe. Many will think this kind of development is not a big deal and is instead may be what is needed. Personally I am absolutely certain that the kind of totalitarianism being pushed on us by our leaders will – if allowed to persist and fester – end with consequences which are way beyond anything the printing presses of our central banks could ever hope to contain. Communism failed badly. Why then are we arguably trying to resurrect a version of it, particularly in Europe? Are the banks so powerful that we are all beholden to them and the biggest nonsense of all – that defaults should never happen (unless said defaults are trivial or largely meaningless)?

3 – More broadly, with Mr Draghi now in situ, it is clear that I misread and misunderstood two things. First, I am simply stunned that our  policymakers seem so one-dimensional, so short-termist, and so utterly bereft of courage or ideas. It now seems obvious that in response to the financial crisis that has been with us for five years and counting, we are being "told" to double up on these same policy decisions. The crisis was caused by central bankers mispricing the cost of capital, which forced a misallocation of capital, driven by debt/leverage, which was ultimately exposed as a hideous asset bubble which then collapsed, destroying the lives and livelihoods of tens of millions of relatively innocent people. Well now, if you listen to the latest from Bernanke and Draghi, it seems that the only solution they can offer up  is to yet again misprice the cost of capital, in the hope that, yet again, through increased leverage/debt, we are yet again "greedy" enough to misallocate capital, which in turn will lead to yet another round of asset bubbles. Such asset bubbles are meant to delude us into believing that we are now "richer". When – as they do by definition – these bubbles burst, those who have been suckered in will realise that their "wealth" is instead an illusion, which in turn will be replaced by default risk.

Secondly, I have clearly underestimated the ‘market’s’ willingness, nay desperation, to go along with this ultimately ruinous policy path. Personally, I think this is extremely worrying – the number of clients who tell me that they know they are being forced into playing a game that will end in disaster, but who feel they have to play along and who hope they will get out before it turns, is a depressingly familiar old tale. Some such folks hang onto the idea that Draghi/LTRO changed the asymmetry of risk from deeply negative to positive. Yet even these folks know that printing more money/more liquidity/more debt/more leverage is not a viable solution to our ills, and in fact will mean true supply side reform and the search for true competiveness and sustainable growth will be further cast aside, as the focus will be on the "easy gains" to be made in markets.

4 - Assuming that we are in yet another liquidity fuelled rally courtesy of Bernanke and Draghi, then there are some key things to remember. First, such rallies can last days, weeks, months, perhaps we could even extend into 2013. And – to give a proxy guide – the S&P could end up in the high 1500s again if this current binge lasts into 2013. The problem with such liquidity fuelled set-ups is that they can last longer and get bigger than any reasonable logic would dictate. The issue here is not what central bankers say – it now seems clear that Bernanke and Draghi will say whatever it takes to keep the market supplied with ample liquidity – but what they can do. In this respect one either believes that central bankers can do whatever they like whenever they like, or one believes there are limits. I think there are limits to what Bernanke and Draghi can do, and once we hit those limits these bubbles will burst, with increasingly greater consequences the longer we are forced to wait. Do I know when we may hit these limits? I hope that it is sooner rather than later, but I have no real conviction.

Secondly, when looking for where the bubbles may be, realise this: in this current cycle, where central bank balance sheets are at the core, the bubble is everywhere – in stocks, in bonds, in growth expectation, in credit spreads, in currencies, in commodity prices, in most real asset prices – you name it! This is why I think that this current bubble, if it is allowed to fester and develop into 2013, will have such widespread consequences when it bursts that it will make 2008 feel, relatively speaking, like a bull market.

Third, when this bubble bursts, I don’t think there is an easy way out. Who will be the bail-out provider? We already have extraordinarily weak and fragile government balance sheets, ditto banking balance sheets and consumer balance sheets. The big cap corporate balance sheet is sound, but it already worries about how bad the real economy hit will be when the next bubble bursts. As such, the corporate sector – which has a huge degree of "control" over the political classes – will keeps its powder dry until asset prices fall to clearing levels. When this happens they will be the biggest buyer of truly cheap assets in town, but not before then. The really dangerous thing about this next bubble is that it will likely ruin current central bank credibility, as their balance sheet expansion, accumulating ever more "toxic" assets, is at the centre of the current cycle. As a result, the central bank decision-making function is now (increasingly) deeply compromised, if not utterly at odds with its own raison d'être. This of course means that if/when the current cycle implodes, central banks which have seen explosive balance sheet growth will add to the problems, rather than being able to act as credible lenders of last resort. A resulting consequence is that we will, at that point, usher in a new era of central banking and policy settings, where the key will be to regain a semblance of credibility and independence. This will be good news. But we will likely have to go through the "bust" first.

5 – I am not well equipped to navigate bubbles where tactical views and secular views are all thrown into the melting pot together, where there is no visibility, where – as one client put it to me recently – we have Monetary Anarchy running riot, where the elastic band between the ‘real’ economy and the current liquidity-fuelled markets is stretched further and further beyond credulity, and where history tells us that policymakers will happily stand by whilst bubbles are being pumped up, and hope that they are onto their next job before it all comes tumbling down. It seems that the 07/08/09 part of this crisis has resulted in zero lessons learned. In fact it is much worse than that as we are instead being asked to double up on a strategy which I fear will end in failure. As such, clearly my outlook in my last note needs to be re-assessed in terms of the latest developments. Whilst equity market levels are still within the tolerance limits set out in this previous note, my timing is clearly being "stretched". Unfortunately for me, and as warned in the prior note, if my outlook set out therein is proven to be wrong, it is because I am overly cautious. I say "unfortunately" because the longer we have to wait for the "final" resolution to the global financial crisis, the bigger and more devastating the final leg lower will be. I have an extremely high level of conviction on this point.

6 – So, in terms of markets, be warned. My personal recommendation is to sit in Gold and non-financial high quality corporate credit and blue-chip big cap non-financial global equities. Bond and Currency markets are now so rigged by policy makers that I have no meaningful insights to offer, other than my bubble fears. Real assets are relatively attractive. But I am going to wait for this current central bank bubble to burst before going all in. I may be waiting 5 days, 5 weeks, 5 months, perhaps 5 quarters. It all depends on when and how our central bank leaders are exposed as lacking credibility and/or lacking the mandates to keep pumping liquidity into the system. The end of the bubble will be sign posted by either monetary anarchy creating major real economy inflation or by a deflationary credit collapse (if they run out of pumping "mandates"). The end game is incredibly binary in my view, but in between it is pretty much a random walk. Either way, "bonds are toast" in any secular timeframe (due either to huge inflationary pressures, or due to a deflationary credit collapse), which in turn means that asset bubbles in risky assets will get crushed on a secular basis.

My colleague Kevin Gaynor has a more nuanced view and he feels that we may well avoid the bubble outcome, as political hurdles, political changes, growth and earnings data will all very quickly undermine central bankers and their bubble vision. For all our (long term) sakes, I hope I am wrong when it comes to fearing another round of liquidity-fuelled bubbles, and that he is right that "good sense? will prevail soon.

I will continue to use the Dow/Gold charts to continue to guide me going forward. The USD price of an ounce of gold and the Dow will, I believe, converge at/around 1, at some point over the next 2 years or so. I have extremely high conviction on this. What I am not sure on is whether we converge at 7000+/-, or at 14000+/-. Because I do believe that even Bernanke and Draghi cannot do as they wish and that there are some limits to the recklessness of policymakers, I still lean towards a deflationary resolution at/about 7000 in the next year or two. Pretty vague, I know, buts it's the best I can do right now, and what is clear is that, in the world I fear ahead, gold is a winner either way – remember, gold is a great (monetary) inflation hedge, and in a deflationary credit collapse gold works as a store of value/wealth as it carries zero credit risk.

As a "credit" guy at heart I see more likelihood in a deflationary credit (i.e., a "real") collapse rather than a real economy inflationary (nominal) collapse. Either way however, what is clear is that if Bernanke and Draghi are allowed to continue on their current policy path for much longer, then whatever the final outcome will be, it will likely leave a deep scar on us for decades. Which on a ten-year timeframe may not be such a bad thing as it should kill off monetarism and usher in a new era of monetary and fiscal prudence? In the near term, LTRO2 at month-end is the next clear focus for markets, more so than Greece. If LTRO2 is USD1trn or more, the market will take that as a signal to load on more leverage, more risk and more ‘carry’. If LTRO2 is in the order of USD250bn to USD500bn, Risk Off will be the order of the day as markets will start to fear that central bankers are having to reign back-in their current policies, and that as a result we face another period where central bankers and policymakers fall back behind the curve. LTRO1 clearly took policymakers from behind to ahead of the curve, but this is an extremely fluid situation, where doing nothing is, in reality, the same as going backwards. As the skew of expectations is to a large LTRO2, a LTRO2 take-up in between these ranges is likely to be viewed with neutrality/mild disappointment.

 

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Mon, 02/20/2012 - 09:40 | 2177178 Harlequin001
Harlequin001's picture

It was inevitable...

There is but one place to go, and Bob will eventually find it I'm sure.

Gold...

Mon, 02/20/2012 - 09:42 | 2177184 4realmoney
Mon, 02/20/2012 - 09:44 | 2177189 rajat_bhatia
rajat_bhatia's picture

Atlas has Shrugged, huh?

Mon, 02/20/2012 - 10:04 | 2177239 GetZeeGold
GetZeeGold's picture

 

 

Holding up a few trillions in hot Bearer bonds would make anyone shrug.

 

Not sure what the problem is..........seems normal to me.

 

 

 

Mon, 02/20/2012 - 12:07 | 2177608 ElvisDog
ElvisDog's picture

Bearer bonds are so 1980's "Die Hard". Favorite line from that movie: "We'll all be sitting on a beach earning 20%". Those were the days...

Mon, 02/20/2012 - 12:36 | 2177704 Mr Drysdale
Mr Drysdale's picture

Did'nt they have 'bearer bonds' in "Beverly Hills Cop"?

That movie was the first I had ever heard of such a thing. I especially love the part when the Goons throw Murphy thru the Plate Glass window onto the street!

<sorry for the hijack>

Mon, 02/20/2012 - 23:13 | 2179660 Thomas
Thomas's picture

Bob might want to try decaf.

Mon, 02/20/2012 - 10:10 | 2177240 GetZeeGold
GetZeeGold's picture

 

 

It's a double post outbreak......the good news is I got double junked.

 

Gotta luv it.

 

 

 

Mon, 02/20/2012 - 11:14 | 2177420 flacon
flacon's picture

Atlas has Shrugged, huh?

 I quit in 2009 when I left the USA. I pay no longer pay any of the following taxes:

 

 

Accounts Receivable Tax

Building Permit Tax

Capital Gains Tax

CDL license Tax

Cigarette Tax

Corporate Income Tax

Court Fines (indirect taxes)

Dog License Tax

Federal Income Tax

Federal Unemployment Tax (FUTA)

Fishing License Tax

Food License Tax

Fuel permit tax

Gasoline Tax (42 cents per gallon)

Hunting License Tax

Inheritance Tax 

Interest expense (tax on the money) 

Inventory tax 

IRS Interest Charges (tax on top of tax) 

IRS Penalties (tax on top of tax) 

Liquor Tax Local 

Income Tax Luxury Taxes 

Marriage License Tax 

Medicare Tax 

Property Tax 

Real Estate Tax 

Septic Permit 

Tax Service Charge Taxes 

Social Security Tax 

Road Usage Taxes (Truckers) 

Sales Taxes 

Recreational Vehicle Tax 

Road Toll Booth Taxes 

School Tax 

State Income Tax 

State Unemployment Tax (SUTA) 

Telephone federal excise tax 

Telephone federal universal service fee tax 

Telephone federal, state and local surcharge taxes 

Telephone minimum usage surcharge tax 

Telephone recurring and non-recurring charges tax 

Telephone state and local tax 

Telephone usage charge tax 

Toll Bridge Taxes 

Toll Tunnel Taxes 

Traffic Fines (indirect taxation) 

Trailer Registration Tax 

Utility Taxes 

Vehicle License Registration Tax 

Vehicle Sales Tax 

Watercraft Registration Tax 

Well Permit Tax 

Workers Compensation Tax

 

 

Mon, 02/20/2012 - 11:15 | 2177425 LowProfile
LowProfile's picture

-1 for adding nothing to the conversation and occupying a giant block of text.

And congratulations, you are now in consideration for the list!

Mon, 02/20/2012 - 11:40 | 2177503 flacon
flacon's picture

You're just lucky I didn't post a list of all 600+ government departments! ;) LOL!

 

I compiled the list and it is so long that I'm sure I would earn at least 600+ down arrows just for taking up space! :)

 

A-Z Index of U.S. Government Departments and Agencies

http://www.usa.gov/Agencies/Federal/All_Agencies/index.shtml

 

Here are the ones beginning with the letter "A":

Administration for Children and Families (ACF)
Administration for Native Americans
Administration on Aging (AoA)
Administration on Developmental Disabilities
Administrative Committee of the Federal Register
Administrative Conference of the United States
Administrative Office of the U.S. Courts
Advisory Council on Historic Preservation
African Development Foundation
Agency for Healthcare Research and Quality (AHRQ)
Agency for International Development
Agency for Toxic Substances and Disease Registry
Agricultural Marketing Service
Agricultural Research Service
Agriculture Department (USDA)
Air Force
Alabama Home Page
Alabama State, County, and City Websites
Alaska Home Page
Alaska State, County, and City Websites
Alcohol, Tobacco, Firearms, and Explosives Bureau (Justice)
Alcohol and Tobacco Tax and Trade Bureau (Treasury)
American Battle Monuments Commission
American Samoa Home Page
AMTRAK (National Railroad Passenger Corporation)
Animal and Plant Health Inspection Service
Appalachian Regional Commission
Architect of the Capitol
Architectural and Transportation Barriers Compliance Board (Access Board)
Archives (National Archives and Records Administration)
Arctic Research Commission
Arizona Home Page
Arizona State, County, and City Websites
Arkansas Home Page
Arkansas State, County, and City Websites
Armed Forces Retirement Home
Arms Control and International Security
Army
Army Corps of Engineers
Arthritis and Musculoskeletal Interagency Coordinating Committee
Atlantic Fleet Forces Command

Mon, 02/20/2012 - 12:28 | 2177676 sun tzu
sun tzu's picture

but htey tell us government is not big enough and we need more paper pushers to check over the forms that we have to fill out before flushing the toilet

Mon, 02/20/2012 - 13:20 | 2177863 slewie the pi-rat
slewie the pi-rat's picture

 

why don't you get offa the hobby-horse hi and tell us

  • what taxes you do pay now,
  • possibly where you "went" so we can jusdge your "smartz" for ourselves?

ps:  you've already taken up two whole pages, dude!

Tue, 02/21/2012 - 16:38 | 2182065 RafterManFMJ
RafterManFMJ's picture

 

 

Flacon I like your tax-free lifestyle. Do you need a side-kick? I will hide in your home, perhaps sometimes in the freezer or in the bed's canopy, and keep your sharp by launching surplise attacks.

Mon, 02/20/2012 - 11:23 | 2177457 trilliontroll
trilliontroll's picture

Gottfried Helnwein, self portrait 29, 1991

http://www.helnwein.com/werke/selbstportraits/bild_476.html

Mon, 02/20/2012 - 14:49 | 2177923 Spirit Of Truth
Spirit Of Truth's picture

 

RON PAUL: "US DEEP INTO FASCISM"

russia-today/ron-paul-right-us-deep-into-fascism/

RussiaToday telling us about how the U.S. is deep into fascism?

 

Mon, 02/20/2012 - 15:12 | 2178203 DosZap
Mon, 02/20/2012 - 09:57 | 2177219 Imminent Crucible
Imminent Crucible's picture

"There is but one place to go, and Bob will eventually find it I'm sure.

Gold..."

 

"My personal recommendation is to sit in Gold"

 

It never hurts to read the article before commenting.

Mon, 02/20/2012 - 10:12 | 2177269 johnQpublic
johnQpublic's picture

sit 'on' gold maybe

gold commode, or throne being recommended options

Mon, 02/20/2012 - 12:15 | 2177638 Harlequin001
Harlequin001's picture

Imminent. - Yes even if you/he is/are eight years too late,. May be I should read it again, just to see if I missed something...

just thought I'd post it again, just in case you missed it the first time...

Mon, 02/20/2012 - 10:41 | 2177326 LowProfile
LowProfile's picture

""There is but one place to go, and Bob will eventually find it I'm sure.  Gold..."

"My personal recommendation is to sit in Gold"

It never hurts to read the article before commenting."(Tell that to JR the DB in FL - K TNX BAI)

There's actually a bit more of it than what you posted.  Full PP, with some more bolding & separating & *** by me for emphasis:

"6 – So, in terms of markets, be warned. My personal recommendation is to sit in Gold and non-financial high quality corporate credit and blue-chip big cap non-financial global equities. Bond and Currency markets are now so rigged by policy makers that I have no meaningful insights to offer, other than my bubble fears. Real assets are relatively attractive.  


***But I am going to wait for this current central bank bubble to burst before going all in. I may be waiting 5 days, 5 weeks, 5 months, perhaps 5 quarters.***


***It all depends on when and how our central bank leaders are exposed as lacking credibility ***and/or lacking the mandates*** to keep pumping liquidity into the system. The end of the bubble will be sign posted by either monetary anarchy creating major real economy inflation or by a deflationary credit collapse (if they run out of pumping "mandates").***


 The end game is incredibly binary in my view, but in between it is pretty much a random walk. Either way, "bonds are toast" in any secular timeframe (due either to huge inflationary pressures, or due to a deflationary credit collapse), which in turn means that asset bubbles in risky assets will get crushed on a secular basis."

 

This answers a question I had posted a while back about the EUR, USD and gold.  I had been wondering about the possiblitity of massive EUR printing to keep their system from imploding, which would cause a dollar rally and a serious pullback in gold (at least in USD terms!).

So, no thanks to JR the DB in FL, I finally got my answer.

The ECB will print.  They appear not to need a mandate.  The FED won't print *UNTIL* they have a mandate. 

So:  The EUR craters, the USD rallies, gold takes a hit in USD terms and the US stock market gets hammered...  Which then gives the FED the "mandate" (actually, political cover) to print.

Then gold takes off like a Saturn V, eventually to become unavailable at any price.

Until I see something that contradicts this thesis, I'm sticking with it.

Hopefully this will help make the argument to your friends and family why they should get some gold when it takes it's last 30% correction.

Mon, 02/20/2012 - 10:55 | 2177381 fonzannoon
fonzannoon's picture

Lowprofile I agree completely with your thought process. It has been mine for a while too, I am confident since I am resolute in this thinking that it will certainly not play out this way. I think there is  a decent chance that when the twist ends in June even if the dow is at 15k Bernak goes ahead with QE3. The markets roar in approval and metals go to the moon, Margin requirements are raised similar to last year to "get the speculators out of the markets". The game goes on.

Mon, 02/20/2012 - 11:19 | 2177442 LowProfile
LowProfile's picture

Maybe, but this is an election year.

Can't have that RP guy gumming up the works, so they will have a really hard time printing until they have cover.

IMO.

Mon, 02/20/2012 - 11:22 | 2177454 fonzannoon
fonzannoon's picture

I love RP but they have effectively put him on the back burner. You are right it is an election year....and the economy is improving by every metric that is not examined closely. Bernank has been vindicated in his monetary policy vigilance in the face of his detractors. So if he says that another trillion is necessary to get us over the hump despite all the signs of improvement.......I can't even finish the thought...

Mon, 02/20/2012 - 11:32 | 2177480 LowProfile
LowProfile's picture

Yes, and that will restrict the FEDs mandate to print.

If they print, they bring attention to that RP guy.  Can't have that.

Worst case scenario for the FED is it all falls apart before the Repugnicant primary and RP goes up against Obummer.

Mon, 02/20/2012 - 12:19 | 2177650 Harlequin001
Harlequin001's picture

So gold takes a pull back to where, $1300?

Some of us got in below 300. Like I said, eight years too late.

Some of us are not new to the great gold bandwagon...

They will all 'get it' eventually...

Mon, 02/20/2012 - 12:48 | 2177750 LowProfile
LowProfile's picture

So gold takes a pull back to where, $1300?

Around there is my thinking.

Some of us got in below 300. Like I said, eight years too late.

Rub our noses in it, whydoncha (/sarc)

Mon, 02/20/2012 - 13:27 | 2177888 slewie the pi-rat
slewie the pi-rat's picture

how long have you had this problem?

Mon, 02/20/2012 - 13:37 | 2177914 Harlequin001
Harlequin001's picture

$1,300... You'll be waiting for a long time. When all 's said and done once you've bought it you wil own the same quantity of gold regardless of the price. When the price fianally adjusts a few hundred dollars/ounce here and there will matter not at all...

My issue is not with you, but with those that think I should read this again as if I have anything to learn from it.

Bob is a paid stooge just like the rest of them... and is well behind the curve, just like the rest of them...

Mon, 02/20/2012 - 14:29 | 2178062 falun bong
falun bong's picture

Two inexpensive straddles: one that pays off 12/31/2013 if the Dow is > 16,000 or < 10,000; and one on Gold, >$2000 or <$1400. In the money either way.

Mon, 02/20/2012 - 10:58 | 2177390 MachoMan
MachoMan's picture

I won't dispute your conclusion, only that it may happen in increments rather than a one-off event...  obviously there will be a last "increment" before the rocket ship, but we have no idea when that will be (I think Bob's overall point). 

I am planning for prolonged periods of bullshit.

Mon, 02/20/2012 - 11:17 | 2177437 DaveyJones
DaveyJones's picture

"I am planning for prolonged periods of bullshit"  - at least the legal career has prepped you

Mon, 02/20/2012 - 11:21 | 2177450 LowProfile
LowProfile's picture

Actually, I'm thinking that gold incrementally rises as the FED prints (perhaps through $5-8k per ounce)...  And then it goes parabolic with hyperinflation.

But I'm planning for PPoB as well.

Mon, 02/20/2012 - 15:02 | 2178171 MachoMan
MachoMan's picture

Yep...  basically a stair-step upward...  passing the debt laden asset slinky going down the steps...

Mon, 02/20/2012 - 11:03 | 2177398 dracos_ghost
dracos_ghost's picture

The ECB will print.  They appear not to need a mandate.  The FED won't print *UNTIL* they have a mandate. 

So:  The EUR craters, the USD rallies, gold takes a hit in USD terms and the US stock market gets hammered...  Which then gives the FED the "mandate" (actually, political cover) to print.

This is what boggles the mind. I don't see any scenario that is positive for the Euro(even with a 'positive' outcome) and yet the hedgies are massively long at this point looking to explode to the upside. Forex trading is now pyschotherapy where they are looking for cathartic outcomes to build their portfolios instead of any logic.

 

Mon, 02/20/2012 - 11:08 | 2177412 fonzannoon
fonzannoon's picture

Long term the euro is positioned to do really well. The US has made it clear they are going to dilute and inflate. The weak countries will be kicked out of the eurozone and the countries that are left will make up a very sound currency. Just my 2 cents

Mon, 02/20/2012 - 11:17 | 2177438 LowProfile
LowProfile's picture

My thinking as well.  Once they are done with their dilution, they will stop.

The US on the other hand, cannot stop.

Mon, 02/20/2012 - 11:25 | 2177461 fonzannoon
fonzannoon's picture

What are the thoughts here about the Loonie? Does Canada separate themselves from the US at some point and their currency appreciates substantially vs the dollar or do we drag them down with us?

Mon, 02/20/2012 - 11:29 | 2177469 LowProfile
LowProfile's picture

All I know is Canada has it's own problems. http://www.crackshackormansion.com/

You might try checking correlations of the CAD with the USD, EUR and gold if you are trying to time things.

But like someone else just wrote "We could end all these conversations with 'just buy gold'".

Mon, 02/20/2012 - 11:36 | 2177490 fonzannoon
fonzannoon's picture

For me it has become less about timing and more about (to quote Schiff 4 years ago) "Get out of the dollar!".

Mon, 02/20/2012 - 12:02 | 2177590 LowProfile
LowProfile's picture

Can't argue with that!

Mon, 02/20/2012 - 11:09 | 2177413 AC_Doctor
AC_Doctor's picture

Dude, you nailed it!

Mon, 02/20/2012 - 11:26 | 2177463 LowProfile
LowProfile's picture

Tnx, maybe.  I'm tryin' to add something, anyway...

Mon, 02/20/2012 - 11:15 | 2177430 DaveyJones
DaveyJones's picture

maybe, but you give them more control credit than they're worth. Things will go wacky  

Mon, 02/20/2012 - 11:19 | 2177443 fonzannoon
fonzannoon's picture

"things will go whacky"

I think that is a foregone conclusion all around. We could probably end every once of these conversations with "so just buy gold" or we can speculate to pass the time...

Mon, 02/20/2012 - 11:26 | 2177460 LowProfile
LowProfile's picture

Agreed, but if you've invested (wasted?) considerable time studying these (now obsolete) things called "markets" that are supposedly used for this thing they call "price discovery", it makes sense to apply a bit of timing to it.

Otherwise all your USD will be sitting around in boxes of nickles waiting for the bank holiday, and going shopping will turn into a weight lifting exercise.

Mon, 02/20/2012 - 11:30 | 2177473 fonzannoon
fonzannoon's picture

I have given up on trying to time it. I just buy stuff when I can. To me there is a point when this hits escape velocity and I don't want to be on the outside looking in whenit happens. But I hear what you are saying.

Mon, 02/20/2012 - 11:34 | 2177485 LowProfile
LowProfile's picture

One thing I'm sure of:  This will take longer than I expect.

Which I hope will make the end event seem mercifully short by comparison.

Mon, 02/20/2012 - 12:39 | 2177716 s2man
s2man's picture

Good news, LP

MIT economist Rudiger Dornbusch: 'Crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.'

Mon, 02/20/2012 - 12:53 | 2177753 LowProfile
LowProfile's picture

Gawd I hope so.

Thanks!

 

Found this quote while searching for him:

"I know that most men, including those at ease with problems of the greatest complexity, can seldom accept the simplest and most obvious truth if it be such as would oblige them to admit the falsity of conclusions which they have proudly taught to others, and which they have woven, thread by thread, into the fabrics of their life." --- Count Leo Tolstoy

Mon, 02/20/2012 - 11:30 | 2177470 Ayn Rand
Ayn Rand's picture

Markets can remain irrational longer than one can remain solvent.   I forget who said this.

Mon, 02/20/2012 - 10:53 | 2177376 LowProfile
LowProfile's picture

I've read your site for awhile, and watched your videos.  You are doing good work, I believe you to be a force for good, and you should be applauded (seriously).  But you had better get some gold, and advise your followers to do the same.

You will have to understand this person's thesis to know why:  http://fofoa.blogspot.com/

Mon, 02/20/2012 - 11:43 | 2177521 Dr. Engali
Dr. Engali's picture

The problem I have with fofoa is his attachment to the Euro. I personally believe you need to have both precious metals.

Mon, 02/20/2012 - 12:44 | 2177733 s2man
s2man's picture

Someone's grandpa - "Gold is for savin'.  Silver is for spendin'"

Gold will carry your wealth through the crisis.  Silver will be for spending during the crisis.

Mon, 02/20/2012 - 12:46 | 2177736 LowProfile
LowProfile's picture

Agreed, but the EUR will likely stabilize at some (much lower) point, and then the mechanisims he outlines kick in.

The USD on the other hand, is trapped.  They cannot stop printing.

I also think silver will fare much better than FOFOA, but ultimately it depends on the Chinese and Indians buying it for investment.  I plan on changing some out for gold as the GSR sinks, but I will hang on to some.

I'm also stockpiling nickles.

Mon, 02/20/2012 - 15:14 | 2178208 jcaz
jcaz's picture

LOL-  yeah,  your 120 "nickles" in your piggy bank will make all the difference.....

Your grasp of global economics is truly stunning....  With brainpower like this at work, I can't understand how anyone is in trouble.....

Mon, 02/20/2012 - 11:30 | 2177475 Dr. Engali
Dr. Engali's picture

Took my first look at your site today. I'll have to add it to my readings.

Mon, 02/20/2012 - 12:13 | 2177629 Harlequin001
Harlequin001's picture

Imminent. - Yes even if you/he is/are eight years too late,. May be I should read it again, just to see if I missed something...

Mon, 02/20/2012 - 11:23 | 2177456 JennaChick
JennaChick's picture

Some insights into the ridiculous world Europeans are living in: http://www.armadamarkets.com/2012/02/weekly-market-update-4/

Tue, 02/21/2012 - 00:12 | 2179894 TheFourthStooge-ing
TheFourthStooge-ing's picture

Some insights into the spamming world in which shills and scammers like JennaChick and his deleted-for-spamming old ZH account, mattu13048, are living:

armadamarkets.com makes its money by kidnapping Estonian children and selling them into sex slavery in Saudi Arabia, Bahrain, Qatar, Oman, and the United Arab Emirates.

armadamarkets.com runs a fraudulent scam market analysis site that is based on spamming. This site is just a front for their Estonian child kidnapping sex slavery business.

Let's not forget about those search engine bots; after all, they need to be fed:

armadamarkets.com terror bomb anthrax shopping mall claymore mine grenade launcher IED assassination hijack Al Qaida ricin electromagnetic pulse Federal Reserve CIA Mossad Lady Gaga detonator Lemmiwinks Hezbollah Guantanamo Santorum fisting plutonium Juarez Cayman Islands nuclear trigger Cleveland Steamer Howard Cosell

 

Mon, 02/20/2012 - 09:41 | 2177182 JFK.4PREZ
JFK.4PREZ's picture

At least we have an honest political system to fall back on.   /sarc

Mon, 02/20/2012 - 10:07 | 2177250 GetZeeGold
GetZeeGold's picture

 

 

Still with the /sarc you got junked.......Debbie Wasserman Schultz is that you?

 

 

 

Mon, 02/20/2012 - 10:48 | 2177361 LowProfile
LowProfile's picture

There are almost certainly paid agents here.  LetThemEatRand is a likely candidate, SheepDogOne and Jr in FL may be as well.

The criteria is that they:  1.) Start fights using logical fallacies, and/or 1.) Attempt to hijack the comments by posting off topic information early on, in order to make it more difficult for ZH'ers to better understand the article at hand.

After a while, they tend to go away (SheepDogOne is conspicuous in their recent absence).

There's also the chance that they are just ordinary, average douchebags.  Time will tell.

Mon, 02/20/2012 - 11:13 | 2177422 pods
pods's picture

Last thing this place needs is for people to be tossing around names in relation to disinfo agents.

If you have some thoughts about them, STFU.  I read your exchange with JW.  He is abrasive, but his post told you his opinion.  He posts off topic stuff all the time, but his posting is consistent and is information.

LTER has a difference of opinion than others here, but always brings in a valid argument.

Have not seen SD1 threadbombing here either?

There are some threadbombers here, and they piss me off. I have mentioned not replying to them, and get junked to hell.

The LAST thing we need here is for people to be run out of here on rails simply due to peer pressure.

pods

 

Mon, 02/20/2012 - 13:10 | 2177516 LowProfile
LowProfile's picture

If you have some thoughts about them, STFU. 

Never.  You are free to ignore me.

I read your exchange with JW.  He is abrasive, but his post told you his opinion.  He posts off topic stuff all the time, but his posting is consistent and is information.

That's one of their tactics, and JR's information value is questionable.

LTER has a difference of opinion than others here, but always brings in a valid argument.

No, he doesn't.  He is a master of using logical fallacies.

Have not seen SD1 threadbombing here either?

I will keep my eyes open.

There are some threadbombers here, and they piss me off. I have mentioned not replying to them, and get junked to hell.

Probably best, I would encourage junking them so they fall below the threshold.

The LAST thing we need here is for people to be run out of here on rails simply due to peer pressure.

If they are consistently off topic, and start fights using fallacious arguments, thus adding nothing to the discussion, I say call those motherfuckers out.  If they run, so what.  At least we know them for what they.

And anyway, I said they are "likely candidates".  Time will tell.  All they can do is delay, anyway.

Mon, 02/20/2012 - 17:12 | 2178513 PhattyBuoy
PhattyBuoy's picture

SHUT THE FUCK UP ...
Who put YOU in charge of moderating any thread ... !!
This is your 18th post on this page, to this point.
Do us all a favor & GO FUCK OFF !

Mon, 02/20/2012 - 21:43 | 2179405 Harlequin001
Harlequin001's picture

The man is entitled to his opinion, just as you are...

Mon, 02/20/2012 - 10:08 | 2177251 GetZeeGold
GetZeeGold's picture

 

 

Double post....maybe it's Howard Dean..........YYYYYEEAAAAHHHHH!

 

 

 

Mon, 02/20/2012 - 11:20 | 2177445 DaveyJones
DaveyJones's picture

other than us, what else can we have fall on them?

Mon, 02/20/2012 - 09:44 | 2177188 youngman
youngman's picture

But gold and silver have been very very quiet this last two months....strange...out of the news and out of the money....I think it is changing hands as in Government hands...it is the only true security that someone can rely on.....the paper players are so screwed up right now that you can only sit back and watch....a trillion here..a trillion there...where does it stop...or will it ever stop...

Mon, 02/20/2012 - 10:03 | 2177232 MsCreant
MsCreant's picture

Infinity means infinity. 

Mon, 02/20/2012 - 13:27 | 2177451 DaveyJones
DaveyJones's picture

Buzz Lightyear is a liar?

How's the yard?

Mon, 02/20/2012 - 19:00 | 2178938 MsCreant
MsCreant's picture

When I know what is really happening with it, I'll call in the calvary (you). It has not changed, well, maybe it is worse. But the rest of the house is coming along great.

Mon, 02/20/2012 - 13:41 | 2177337 fuu
fuu's picture

Um 1605 down to 1545 back up to 1758 and settled down to 1733 is quiet?

Mon, 02/20/2012 - 09:47 | 2177190 knukles
knukles's picture

Me neither.
No ideas.
Except this medical allegory.  
One of my golf buddy's with a history of strokes and heart trouble got taken to the ER the other night because he got weak and dizzy.
And that happens to me when I play with myself, so I better come up with an idea real quick.
Amazing, everybody at the ER knows me on a first name basis.

BTW, which clinic did Betty Ford go to?

Mon, 02/20/2012 - 11:15 | 2177432 machineh
machineh's picture

Try the self-treatment option: put on Ganzfeld goggles, insert earbuds with trance music, and trip on autohallucinated images.

They're just as real as the so-called 'markets' -- and much less harmful to human life.

Mon, 02/20/2012 - 09:56 | 2177191 GeneMarchbanks
GeneMarchbanks's picture

Bobby Boy! My favourite analyst hands down, bitchez!

No debating the semantics of default, no calls for monetary magic just Simple, Succinct ruthless sanity by this man.

Monetary Anarchy? I'm stealing that Bob-o.

Mon, 02/20/2012 - 11:42 | 2177515 Non Passaran
Non Passaran's picture

This is Bob's best commentary ever IMHO.

Mon, 02/20/2012 - 09:45 | 2177192 Chimerican
Chimerican's picture

The end game is war. 

Mon, 02/20/2012 - 09:48 | 2177199 kridkrid
kridkrid's picture

We've always been at war with Eastasia.

Mon, 02/20/2012 - 11:30 | 2177477 DaveyJones
DaveyJones's picture

Nice. Terrorism is Orwell on steroids. Your enemy can be your neighbor, the battlefield can be your office, things are much too dangerous to fuss with Habeas Corpus 

Mon, 02/20/2012 - 11:54 | 2177567 GeorgeHayduke
GeorgeHayduke's picture

I thought we were at war with Eurasia? Oh well, it'll change again tomorrow.

Mon, 02/20/2012 - 10:35 | 2177328 roccman
roccman's picture

The end game is starvation of 95% of the human project. Crashing global commerce and the JIT system will accomplish this in under a year.

 

war has never been a good depopulator

 

even after WWII - the population of the world grew

 

The wild card is a virus

 

either way 90%+ gone is the end game

Mon, 02/20/2012 - 10:36 | 2177331 dizzyfingers
dizzyfingers's picture

virus and bacterial infections quickly follow starvation.

Mon, 02/20/2012 - 13:52 | 2177964 Incubus
Incubus's picture

Just imagine what they have brewing in various labs across the globe. 

Yes. 6 1/2 billion people have die, according to the plan.   I guess this is some sort of decamillennial culling?

 

The best part of history is that it always ends up the way the authors want it to be.  It's all narrative, at anyrate.  Fiction for a false world.

Mon, 02/20/2012 - 09:48 | 2177195 LawsofPhysics
LawsofPhysics's picture

Hey Bob, The U.S. has been a fascism state for quite some time.  Much of this has been facilitated by the very same entitlement spending that the GOP rails against in public, but then supports with their votes.  Let's see how it holds up when the SNAP cards stop going out.  Same as it ever fucking was, hedge accordingly.

Mon, 02/20/2012 - 10:40 | 2177334 DeadFred
DeadFred's picture

The SNAP cards will keep going out. Once the merchants stop getting reimbursed they won't be honored anymore. You will be amazed at how many people will blame the greedy-bastard corporate merchants for the mess.

Mon, 02/20/2012 - 10:47 | 2177358 LawsofPhysics
LawsofPhysics's picture

Same thing for fiat currency.  It will become accepted less and less or require more and more until the government will try and mandate price controls  and that all paper bullshit be accepted and nothing else.  This is when I expect states like Utah, Alaska, and Texas to seriously consider leaving the Union.  Laws regarding gold and silver as money for exchange are already in place and both states have a strong participation in the National Guard already.

Mon, 02/20/2012 - 09:52 | 2177198 dizzyfingers
dizzyfingers's picture

 

25 Signs That America Is Rapidly Becoming More Like Nazi Germany Posted by Real News Reporter on February 18th, 2012

The United States of America is becoming more like Nazi Germany every single day. In fact, the Nazification of America is almost complete. The parallels between Nazi Germany and the United States of today are going to absolutely shock many of you.

Most Americans simply have never learned what life was really like back in Nazi Germany. Under Adolf Hitler, Germany was a Big Brother totalitarian police state that ruthlessly repressed freedom and individual liberty. Under Adolf Hitler, Germany adopted socialism, dramatically increased government spending and raised taxes to astronomical levels. Under Adolf Hitler, abortion became legal in Germany, the government took over health care and Christianity was pushed out of the public schools and out of public life.  

To prove all of these points, I am going to use extensive quotes from two sources. Kitty Werthmann was a child living a peaceful life in Austria when Hitler took over her nation. Her eyewitness accounts about what life was like under Nazi Germany are invaluable. In addition, I will also be quoting extensively from author Bruce Walker. He is the author of a book entitled “The Swastika Against The Cross: The Nazi War On Christianity”, and during his years of research he has uncovered some absolutely jaw dropping stuff. After reading the information in the rest of this article, there should be no doubt that the United States is becoming just like Nazi Germany.

Nazi Germany shows us what happens when the state becomes god. Adolf Hitler was certainly more racist than the leaders of America are today, but other than that there are very few differences between the road that Adolf Hitler led Germany down and the path that the United States is being led down.

The following are 25 signs that America is rapidly becoming more like Nazi Germany….

#1 Nazi Germany was a totalitarian Big Brother police state that constantly monitored everything that German citizens did.

Today, the bureaucrats that run things in the United States are also absolutely obsessed with constantly trying to monitor us. For example, there are now control freaks that inspect the lunches of preschool students in certain areas of the country in order to make sure that they contain the “right” foods….

A preschooler at West Hoke Elementary School ate three chicken nuggets for lunch Jan. 30 because the school told her the lunch her mother packed was not nutritious.

The girl’s turkey and cheese sandwich, banana, potato chips, and apple juice did not meet U.S. Department of Agriculture guidelines, according to the interpretation of the person who was inspecting all lunch boxes in the More at Four classroom that day.

The Division of Child Development and Early Education at the Department of Health and Human Services requires all lunches served in pre-kindergarten programs – including in-home day care centers – to meet USDA guidelines. That means lunches must consist of one serving of meat, one serving of milk, one serving of grain, and two servings of fruit or vegetables, even if the lunches are brought from home.

#2 Nazi officials often used their positions of power to force others to do dehumanizing things.

This is exactly what the TSA is doing today. It would be really easy to imagine some Nazi military officers forcing a young woman to walk back and forth in front of them several times so that they could admire her form. Well, that is what TSA agents are doing to American women today. The following comes from a recent Wired article….

TSA agents in Dallas singled out female passengers to undergo screening in a body scanner, according to complaints filed by several women who said they felt the screeners intentionally targeted them to view their bodies.

One woman who flew out of Dallas-Ft. Worth International Airport several months ago said a female agent sent her through a body scanner three times after the agent commented on her “cute” body.

#3 In Nazi Germany, even women and children were treated like dehumanized cattle.

Well, today schoolchildren are being strip-searched all over the United States. Down in Georgia, one student was recently strip-searched by public school officials after another student falsely accused him of having marijuana.

Another student down in Albuquerque was recently forced to strip down to his underwear while five adults watched because he had $200 in his pocket. The student was never formally charged with doing anything wrong.

#4 In Nazi Germany, authorities could stop you and search you at any time and for any reason.

In America that is not supposed to happen, but it is happening. Last year, TSA “VIPR teams” conducted approximately 8,000 “unannounced security screenings” at subway stations, bus terminals, seaports and highway rest stops.

If you are not able to produce “your papers”, there is a good chance that you will get thrown into prison in America. For example, a 21-year-old college student named Samantha Zucker was recently arrested and put in a New York City jail for 36 hours just because she could not produce any identification for police.

#5 Under Adolf Hitler, there were massive increases in government spending.

According to eyewitness Kitty Werthmann, just about everyone was getting some sort of a handout from the German government….

Newlyweds immediately received a $1,000 loan from the government to establish a household. We had big programs for families. All day care and education were free. High schools were taken over by the government and college tuition was subsidized. Everyone was entitled to free handouts, such as food stamps, clothing, and housing.

Of course, as I have written about so many times before, this is the exact same thing that we are seeing in the United States today.

#6 Under Hitler, taxes were raised dramatically in order to pay for all of these social programs.

Kitty Werthmann says that “our tax rates went up to 80% of our income.

In the United States our tax rates have not gotten that bad yet, but when you total up all federal taxes, all state taxes, all local taxes, all property taxes and all sales taxes, there are a significant number of Americans that do pay more than 50% of their incomes in taxes.

#7 The economy of Nazi Germany was very highly socialized.

As Ludwig Von Mises once correctly observed, the German economy under Hitler was not capitalist at all….

What Mises identified was that private ownership of the means of production existed in name only under the Nazis and that the actual substance of ownership of the means of production resided in the German government. For it was the German government and not the nominal private owners that exercised all of the substantive powers of ownership: it, not the nominal private owners, decided what was to be produced, in what quantity, by what methods, and to whom it was to be distributed, as well as what prices would be charged and what wages would be paid, and what dividends or other income the nominal private owners would be permitted to receive. The position of the alleged private owners, Mises showed, was reduced essentially to that of government pensioners.

The United States has not gotten to the level of Nazi Germany yet, but we do have a socialist president and back in 2009 the cover of Newsweek boldly proclaimed that “We Are All Socialists Now“.

#8 In Nazi Germany, if you conducted business outside of the socialist paradigm you were heavily punished.

Well, the same thing is happening in the United States today. For example, the FDA has been running elaborate entrapment schemes that are designed to entrap producers of raw milk. Any “unauthorized commerce” is dealt with very strictly by the U.S. government these days.

#9 In Nazi Germany, government regulation of business got wildly out of control.

The following is eyewitness testimony from Kitty Werthmann….

My brother-in-law owned a restaurant that had square tables. Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands. Soon, he went out of business.

If the government owned the large businesses and not many small ones existed, it could be in control.

We had consumer protection. We were told how to shop and what to buy. Free enterprise was essentially abolished. We had a planning agency specially designed for farmers. The agents would go to the farms, count the live-stock, then tell the farmers what to produce, and how to produce it.

Of course we all know about all of the ridiculous regulations that the U.S. government is burdening businesses with today. In every day and age control freaks love to stick it to business people that are just trying to make a living.

#10 Under Hitler, free market capitalism was absolutely hated.

National Socialist theologian Gregor Strasser once stated the following….

We National Socialists are enemies, deadly enemies, of the present capitalist system with its exploitation of the economically weak … and we are resolved under all circumstances to destroy this system.

And as I have written about previously, a lot of Barack Obama’s strongest supporters are socialists and communists, and an increasing number of Americans are showing disdain for capitalism. In fact, some recent polls show that young adults in America actually have a more favorable view of socialism than they do of capitalism.

#11 In Nazi Germany, the health care system was taken over by the government.

The following is more eyewitness testimony from Kitty Werthmann….

Before Hitler, we had very good medical care. Many American doctors trained at the University of Vienna . After Hitler, health care was socialized, free for everyone. Doctors were salaried by the government. The problem was, since it was free, the people were going to the doctors for everything. When the good doctor arrived at his office at 8 a.m., 40 people were already waiting and, at the same time, the hospitals were full. If you needed elective surgery, you had to wait a year or two for your turn. There was no money for research as it was poured into socialized medicine. Research at the medical schools literally stopped, so the best doctors left Austria and emigrated to other countries.

Of course we all know what is going on in America today. The government spends nearly half of all health care dollars and Obamacare is going to mean more government control over the health care system than ever before.

#12 Under Adolf Hitler, abortion was made “safe and legal” in Germany.

It turns out that Hitler was a huge fan of the founder of Planned Parenthood, Margaret Sanger. And as I wrote about recently, it was Sanger that once said the following….

“The most merciful thing that a family does to one of its infant members is to kill it.”

Hitler echoed this sentiment when he wrote the following in Mein Kampf….

“The demand that defective people be prevented from propagating equally defective offspring. . . represents the most humane act of mankind.”

After the Nazis came to power in 1933, abortion was very quickly legalized. By 1935 there were approximately 500,000 abortions being performed in Germany every single year.

Yes, Hitler very much encouraged Aryan women to have as many children as possible. But he also very much viewed abortion as a way to reduce “undesirable” populations.

Unfortunately, something very similar is happening today. Abortion clinics are often located in the “poor” part of town, and a staggering 72 percent of Planned Parenthood’s “customers” have incomes that are either equal to or beneath 150 percent of the federal poverty level.

#13 In Nazi Germany, killing the “defective”, the “weak” and the “disabled” was considered to be a good thing because it made the German people “stronger”.

Unfortunately, many in America today have fully embraced the eugenics principles which were so dominant in Nazi Germany.

A 3 year old girl named Amelia was recently denied a kidney transplant because she is considered to be “mentally retarded”, and we all remember what happened to Terri Schiavo.

Not only that, the editorial page editor of the Detroit News recently proposed putting contraceptives into the drinking water in Michigan because the state has become a “breeding ground for poverty“.

This kind of sick thinking is rapidly spreading in America, and that is a very frightening thing.

#14 In Nazi Germany, education was nationalized and God was kicked out of the schools.

The following is more eyewitness testimony from Kitty Werthmann….

Our education was nationalized. I attended a very good public school. The population was predominantly Catholic, so we had religion in our schools. The day we elected Hitler (March 13, 1938), I walked into my schoolroom to find the crucifix replaced by Hitler’s picture hanging next to a Nazi flag. Our teacher, a very devout woman, stood up and told the class we wouldn’t pray or have religion anymore. Instead, we sang Deutschland, Deutschland, Uber Alles, and had physical education.

Unfortunately, the exact same thing is happening to U.S. public schools.

#15 Under Adolf Hitler, God was mocked and religion was pushed out of every corner of public life.

Just check out the following information uncovered by author Bruce Walker….

The Nazi tract Gott und Volk was distributed in 1941, and it describes the life cycle of German youth in the future, who would: “With parties and gifts the youth will be led painlessly from one faith to the other and will grow up without ever having heard of the Sermon on the Mount or the Golden Rule, to say nothing of the Ten Commandments… The education of the youth is to be confined primarily by the teacher, the officer, and the leaders of the party. The priests will die out. They have estranged the youth from the Volk. Into their places will step the leaders. Not deputies of God. But anyway the best Germans. And how shall we train our children? Thus, as though they had never heard of Christianity!”

Once again, this parallels what we are seeing happen in America today. Last year, a high school student in Southern California was suspended for two days because he had private conversations with his classmates during which he discussed Christianity. He was also banned from bringing his Bible to school ever again.

For many more examples of this phenomenon, please see this article: “18 Examples Of How Christians Are Being Specifically Targeted By Big Brother“.

#16 Adolf Hitler fully embraced the theory of evolution, and Darwinism provided the intellectual foundation for much of Nazism.

At a Nazi Party rally in Nuremberg in 1933, Hitler declared that “higher race subjects to itself a lower race . . .a right which we see in nature and which can be regarded as the sole conceivable right“.

Hitler was obsessed with the “survival of the fittest” and he took this theory to its logical extremes. The following is how one author put it….

“Hitler was influenced above all by the theories of the nineteenth-century social Darwinist school, whose conception of man as biological material was bound up with impulses towards a planned society. He was convinced that the race was disintegrating, deteriorating through faulty breeding as a result of a liberally tinged promiscuity that was vitiating the nation’s blood. And this led to the establishment of a catalogue of ‘positive’ curative measures: racial hygiene, eugenic choice of marriage partners, the breeding of human beings by the methods of selection on the one hand and extirpation on the other”

But of course we have no problem with teaching this flawed theory to our children in the public schools of America today.

Haven’t we learned anything from history?

#17 Under Adolf Hitler, the state started taking over the job of child care.

The following is more eyewitness testimony from Kitty Werthmann….

When the mothers had to go out into the work force, the government immediately established child care centers. You could take your children ages 4 weeks to school age and leave them there around-the-clock, 7 days a week, under the total care of the government. The state raised a whole generation of children. There were no motherly women to take care of the children, just people highly trained in child psychology.

Of course this is exactly what is happening in America today. Children are raised by day care centers and public schools, and most parents spend very little time with their own children.

#18 In Nazi Germany, it became fashionable to mock Christians and the Christian faith.

The following is more from author Bruce Walker….

By 1935, the virulently anti-Christian leader of the Hitler Youth, Baldur von Shirach issued a regulation that prohibited any child from belonging simultaneously to a church youth group and the Hitler Youth, and gradually membership in the Hitler Youth became almost obligatory – parents were told that their children would not get jobs in the civil service unless they belonged to the Hitler Youth and employers were told not to hire children who did not belong to the Hitler Youth. Christian schoolchildren who did not belong to the Hitler Youth or its female counterpart were routinely beaten up by young Nazi thugs.

Boys inducted into the Hitler Youth were required to explicitly reject Christianity by oaths like this: “German blood and Christian baptismal water are completely incompatible.” At Hitler Youth center at Halle, was the following prominent statement: “The Faith fanatics, who still to-day slide down on their knees with faces uplifted to heaven, waste their time in churchgoing and prayers, and have not yet understood that they are living on the earth and that therefore their task is of a thoroughly earthly kind. All we Hitler people can still only look with the greatest contempt on those young people who still run to their silly Evangelical or Catholic Churches in order to vent their quite superstitious religious feelings.”

Those that believe that the Nazis embraced Christianity are delusional. The following are direct quotes out of Hitler Youth training manuals….

“Christianity is a religion of slaves and fools.”

“How did Christ die? Whining at the Cross!”

“The Ten Commandments represent the lowest instincts of man.”

“Christianity is merely a cloak for Judaism.”

This is definitely where things are going in America today. Our television shows and our movies regularly mock Christians and they are always portrayed as the “bad guys”.

In addition, the name of Jesus is rapidly becoming a forbidden word. Some U.S. courts have even ruled that it is unconstitutional to use the name of “Jesus Christ” during any official government meeting. The following comes from a recent WorldNetDaily article….

But the American Civil Liberties Union and Americans United for Separation of Church and State are standing by their victory in a U.S. circuit court decision that states even “a solitary reference to Jesus Christ” in invocations before the Forsyth County Board of Commissioners’ meetings could do “violence to the pluralistic and inclusive values that are a defining feature of American public life.”

#19 Under Adolf Hitler, sexual promiscuity was actually encouraged.

The following is more eyewitness testimony from Kitty Werthmann….

My mother was very unhappy. When the next term started, she took me out of public school and put me in a convent. I told her she couldn’t do that and she told me that someday when I grew up, I would be grateful. There was a very good curriculum, but hardly any fun no sports, and no political indoctrination. I hated it at first but felt I could tolerate it. Every once in a while, on holidays, I went home. I would go back to my old friends and ask what was going on and what they were doing. Their loose lifestyle was very alarming to me. They lived without religion. By that time unwed mothers were glorified for having a baby for Hitler. It seemed strange to me that our society changed so suddenly. As time went along, I realized what a great deed my mother did so that I wasn’t exposed to that kind of humanistic philosophy.

Of course the exact same thing is happening in America today. If you doubt that your tax dollars are going to promote sexual promiscuity, then I have a video for you to watch. It is a video from the American Life League, and you can view it right here. DO NOT let any children watch this video. It is done by a pro-life organization but it is very graphic. I have posted a link to it because it is imperative that parents understand what is really going on out there. But please be warned that it is very, very graphic.

#20 Once the Nazis took power, they rapidly implemented gun control legislation and later on they took all of the guns away from the populace.

Kitty Werthmann remembers very well what happened in Austria under the Nazis….

Next came gun registration. People were getting injured by guns. Hitler said that the real way to catch criminals (we still had a few) was by matching serial numbers on guns. Most citizens were law abiding and dutifully marched to the police station to register their firearms. Not long after-wards, the police said that it was best for everyone to turn in their guns. The authorities already knew who had them, so it was futile not to comply voluntarily.

Last year, more than 10 million guns were sold in the United States, but gun control legislation continues to become even more strict, and it is only a matter of time before the federal government tries to disarm the U.S. population completely.

#21 Under the Nazis, large numbers of children were taken away from good families.

The following is more from author Bruce Walker….

Parents who resisted Nazi anti-Christian indoctrination too strongly simply had their children taken away from them. The Nazis even forbade parents to give their children Christian names and ordered babies instead to be given names like Dietrich, Otto or Siegfried. The home teaching of Christianity by parents in the home was forbidden. Not content with simply driving Christianity out of public schools, Himmler banned all Confessing Church seminaries and instruction in 1937 and he closed all private religious schools two years later.

Doesn’t this sound exactly like where America is headed?

In many states, CPS (“child protective services”) has become one of the most feared government agencies. All over the nation, thousands upon thousands of children have been removed from good homes because the parents were not raising them “correctly”.

You can read about one particularly bad CPS horror story right here.

#22 Under Adolf Hitler, society became very highly militarized.

Of course we are seeing the same thing in the U.S. right now.

Sadly, this is even happening to our public schools. According to blogger Alexander Higgins, students in kindergarten and the 1st grade in the state of New Jersey are now required by law to participate “in monthly anti-terrorism drills”. The following is an excerpt from a letter that he recently received from the school where his child attends….

Each month a school must conduct one fire drill and one security drill which may be a lockdown, bomb threat, evacuation, active shooter, or shelter-in place drill. All schools are now required by law to implement this procedure.

This is the kind of thing that a sicko like Adolf Hitler would try to do, and it is not good for our children.

#23 In Nazi Germany, the prisons were absolutely packed.

Right now, the United States has the highest incarceration rate in the world by far and the largest total prison population on the entire globe by far.

Even children are being arrested in alarming numbers. In a previous article, I described how one 12-year-old girl down in Texas was recently arrested for spraying herself with perfume and how police were recently sent out to collect an overdue library book from a 5-year-old girl in Massachusetts.

#24 Under Adolf Hitler, there was basically no freedom of speech.

In the United States today we are told that we still have freedom of speech, but that freedom is being “chilled” in thousands of different ways.

For example, the FBI is now admittedly recording Internet talk radio programs all over the United States. The following comes from a recent article by Mark Weaver of WMAL.com….

If you call a radio talk show and get on the air, you might be recorded by the FBI.

The FBI has awarded a $524,927 contract to a Virginia company to record as much radio news and talk programming as it can find on the Internet.

The FBI says it is not playing big brother by policing the airwaves, but rather seeking access to what airs as potential evidence.

So please speak freely on talk radio. Just realize that the feds will be recording every single word.

#25 Under Adolf Hitler, paranoia was standard operating procedure.

In Nazi Germany, every citizen was a potential threat and everyone had to be constantly watched for suspicious activity.

Of course the exact same thing is happening in America today. Just about anything you do can get you labeled as a “potential terrorist” by the government.

According to a new DHS report, the following are some of the beliefs and ideologies of potential terrorists….

-”fiercely nationalistic (as opposed to universal and international in orientation)”

-”anti-global”

-”suspicious of centralized federal authority”

-”reverent of individual liberty”

-”believe in conspiracy theories”

-”a belief that one’s personal and/or national “way of life” is under attack”

-”a belief in the need to be prepared for an attack either by participating in paramilitary preparations and training or survivalism”

-”impose strict religious tenets or laws on society (fundamentalists)”

-”insert religion into the political sphere”

-”those who seek to politicize religion”

-”supported political movements for autonomy”

-”anti-abortion”

-”anti-Catholic”

-”anti-nuclear”

And the definition of “suspicious activity” has become so broad in America that it pretty much covers 100% of us. In 2012, the following activities are considered to be “suspicious” by the FBI….

-shielding your computer screen from others

-paying with cash

-acting “nervous”

-using multiple cell phones

-requesting a specific room at a hotel

-traveling with a large amount of luggage

-refusing maid service at a hotel

-staying in your room for too long

-changing your appearance

In addition, the U.S. government has decided that it would be a really good idea for all of us to spy on one another. The “If You See Something, Say Something” campaign looks like it could have been pulled right out of a Gestapo security handbook.

But America is not supposed to be about spying on one another and reporting each other to the secret police.

America is supposed to be about liberty and freedom.

Recently, Fox News made a really bad decision by cancelling Freedom Watch. Judge Andrew Napolitano was one of the few voices on television that was still standing up for individual liberty.

As we think about how the Nazification of America has progressed, let the things that Judge Napolitano said on his last show echo in our minds. Video from that show is posted below….

 

NEXT TERM OBAMA'S GOAL: FULL DISARMING OF US CITIZENS -- WHICH OF COURSE WILL MEAN ONLY THOSE WHO DON'T COMPLY WILL HAVE GUNS
Mon, 02/20/2012 - 09:57 | 2177214 francis_sawyer
francis_sawyer's picture

Well ~ u left out the jews...

Seems jews have everyone defending them in this country... New York & Hollywood might just as well be downtown Tel Aviv...

Mon, 02/20/2012 - 10:10 | 2177264 maxcody
maxcody's picture

You do sound like a Nazi.  Heil my fuehrer.  Where do I get my arm band?

Mon, 02/20/2012 - 10:34 | 2177322 francis_sawyer
francis_sawyer's picture

Ha! That's a good one... Let's see... I have made numerous posts on ZH criticizing everything from NDAA, to SOPA, PIPA, the TSA, lobbyists, central bankers Hoover boys & our version of the gestapo...

But I make one comment about being sick & tired of being bombarded with Israel bootlicking & I'm Hitler...

Look ~ Frankly, I pretty much think Rosie O-Donnell & Roseanne Barr are whiny diva a55holes (to make an analogy)... Luckily, neither one flashes across my radar screen very much...

But Israel has cozily positioned itself to be right smack dab in the middle of every discussion topic on the planet (whether it be peace, oil, economics, entertainment)... WTF ever... Not that I'd wish them gone, but I'd be much happier if they would just STFU sometimes...

Mon, 02/20/2012 - 13:47 | 2177949 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

The Jews are trying to do to the Arabs what the Germans did to the Jews.

U are correct.  Fuck Israel.

Mon, 02/20/2012 - 10:21 | 2177286 francis_sawyer
francis_sawyer's picture

Ha! good! (a down arrow)...

I wrote that comment to prove a point (expecting to get a few down arrows, either by):

1. Max Fischer & crew (who can't see beyond any comment that has the word 'jew' in it other than to think it's automatically 'anti-semitic')... The TRUTH is, Hollywood & New York very well just might as well be downtown Tel Aviv... More than anywhere else, they program & control the 'perception'... & the message is clear... Kiss Israels ass at all costs or be labeled as an 'anti-semite'

2. Is the simple idea just 'cherry picking' (comparisons ~ in this case)?... While I don't disagree with any of the seeming 'Nazification' comparisons... Why (purposefully or not), leave out the MONEY SHOT? The part about 'aryan' race purification? Is that where we're headed (because if you want to bring up everything else, why omit that?)...

Oh, I see, let's be 'facists', but NOT 'genocidal maniacs'... Gimme a break! How about we do NEITHER & call it a day?

Mon, 02/20/2012 - 11:14 | 2177426 maxcody
maxcody's picture

Still sounds like team Obama to me! 

Mon, 02/20/2012 - 11:14 | 2177427 maxcody
maxcody's picture

Still sounds like team Obama to me! 

Mon, 02/20/2012 - 13:45 | 2177940 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

What does the US have to gain defending Israel?  Looks like we'd have been better off being Iran, Iraq, etcs. buddies instead of some rabid religious country with no natural resources.

Israel has that attacked the US.

Iraq & Iran never attacked the US, but Israel did & we defend those Zionist nutjobs.  Better to be close to nutjobs with oil.

Mon, 02/20/2012 - 09:56 | 2177220 kridkrid
kridkrid's picture

For those interested in the political and philosophical environment that has allowed for this to happen, the book Ominous Parallels is a great read. Some free download options here: http://www.filestube.com/t/the+ominous+parallels

 

Mon, 02/20/2012 - 09:59 | 2177224 ziggy59
ziggy59's picture

all that and no original link?  maybe i missed it?

Mon, 02/20/2012 - 10:12 | 2177267 LoneStarHog
LoneStarHog's picture

Sooooooo...a link would make it more credible???

Mon, 02/20/2012 - 10:55 | 2177383 slewie the pi-rat
slewie the pi-rat's picture

people actually read that fuking asswipe post?

why?

Mon, 02/20/2012 - 10:56 | 2177386 DeadFred
DeadFred's picture

Of course not. Everyone knows that if it's written down on the internet it must be true. Just take it at face value without looking to confirm any of the source material.

Mon, 02/20/2012 - 11:58 | 2177580 tmosley
tmosley's picture

Not more credible, but to give credit where it is due, and to give the writer click traffic.

It would be a fine article, if it wasn't for the Bible-crazy bits, most especially the anti-evolution bit.

Mon, 02/20/2012 - 10:36 | 2177332 Lednbrass
Lednbrass's picture

While there are a growing number of parallels, that article is totally simplistic and pretty much sucks. Using two borderline useless "sources" as "evidence" makes it come off like it was written by someone who learned everything they know on the subject from the comically named History Channel.

NS "Theologian" Strasser? LOL- he was executed during the Night of the Long Knives BECAUSE he was very socialist and his brother had been driven into exile for the same reason.  The truly socialist element of the party had been mostly sidelined at that point and the last of them went to the wall during that purge. National Socialism wasnt all that socialist by current standards any more then democrats want democracy or republicans want a republic- in quite a few ways we are far more socialist in the US now then they were then and you shouldnt get too caught up in a name.  I wish we had their income tas rates.The name was pretty much just to peel off people from the reds during the civil war of the Red Ruhr/Munich Soviet years.

Mon, 02/20/2012 - 10:52 | 2177372 tmosley
tmosley's picture

The Nazis were feircely opposed to the socialists and communists exactly because they drew from the same power base.  They didn't destroy capitalism until later because they knew that they would never be able to recruit from among its ranks.

Sort of like how Republicans hate Democrats even though objectively their ideology is nearly the same, authoritarian right-of-center.

Mon, 02/20/2012 - 11:09 | 2177344 fuu
fuu's picture

Posting a fucking link was too hard for you?

Mon, 02/20/2012 - 11:10 | 2177416 Sandmann
Sandmann's picture

Stupid posting. This woman was AUSTRIAN like Adolf Hitler but she is taking about GERMANY which is a different country. Austria was run by Greater German People's Party which wanted Unification with Germany long  before Hitler annexed it. Germany had poor health care before the war because it was BROKE and had 25% Unemployment which suggests NO money for public spending.

 

You forgot to mention very few Americans speak German, so not many will get a role in the movie you are scripting

 

 

 

Mon, 02/20/2012 - 11:11 | 2177419 urbanelf
urbanelf's picture

I'm sorry, would you mind repeating that?

Mon, 02/20/2012 - 09:49 | 2177200 Sudden Debt
Sudden Debt's picture

What if we took Google Earth and drew blue space where Greece now is. Wouldn't that solve the problem?

to make this plan happen we would also need a 48hour telemarathon of "So You Think You Can Dance" combined with "Idol 2012" to help the people forget about Greece in total.

CHANGE YOU CAN BELIEVE IN!!!

 

Mon, 02/20/2012 - 09:49 | 2177201 Gunga
Gunga's picture

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809)

Mon, 02/20/2012 - 10:32 | 2177283 Dr. Engali
Dr. Engali's picture

Jefferson never said that. It's true he didn't care for the banks , but that is a phoney quote. What gets me is there are nine other people on this site who believe he did.

Mon, 02/20/2012 - 10:47 | 2177359 Stuck on Zero
Stuck on Zero's picture

Nevertheless.  Jefferson would like it.

Mon, 02/20/2012 - 10:53 | 2177374 Dr. Engali
Dr. Engali's picture

That doesn't make it okay. I prefer the integrity of the truth versus falsehoods to try and persuade the debate.

Mon, 02/20/2012 - 14:38 | 2178090 kridkrid
kridkrid's picture

You going to get your Masters picks in?  Same VelvetHog?

Mon, 02/20/2012 - 10:47 | 2177360 fuu
fuu's picture

"Famous dead people make excellent commentators on current events." -Ralph Keyes

Mon, 02/20/2012 - 12:59 | 2177801 s2man
s2man's picture

"Internet quotes can be dubious" - Benjamin Franklin

Mon, 02/20/2012 - 09:50 | 2177205 francis_sawyer
francis_sawyer's picture

The USD price of an ounce of gold and the Dow will, I believe, converge at/around 1, at some point over the next 2 years or so. I have extremely high conviction on this. What I am not sure on is whether we converge at 7000+/-, or at 14000+/-.

That's the 64,000 oz question now isn't it?

Mon, 02/20/2012 - 10:10 | 2177260 kridkrid
kridkrid's picture

I suppose, in a way, it doesn't really matter, does it? 

Mon, 02/20/2012 - 10:50 | 2177367 francis_sawyer
francis_sawyer's picture

Think about it for a second though...

Janjuah (above), says 'gold'... but he also says 'companies' that would be at less risk of shock in a global economic downturn...

The fucking DOW is only 30 industrials... By suggestion... Even if everyone were dumping stocks, most would find its way into the $INDU companies... By rule, most large funds can only hold "x" amount of cash (so even though they might be losing a lot, their justification to their clients [who may be locked out of redemptions in the process] is, "well ~ we're doing better than the other guy"...

Anyway... the point is... Money printing IS NOT GOING TO STOP... I'm fairly sure that smaller players (with large positions) &/or proprietary shareholders of the bigger names are going to be progressively extracting wealth from these companies (& turning those dollars into harder assets, or maybe even buying up other companies)...

I'm not being as clear as I could be here, but it wouldn't surprise me if the DOW remains closer to its higher end (& gold plays catch-up)...

Think of it another way... If gold were to rally 500% in the next 2-3 years (without the fiat paper ponzi actually collapsing)... It would look like 1980 all over again... If (the gold price), started to collapse at that time, late comers might panic & sell their physical gold into the market (maybe even some ZH'ers would too)...

At this point, that might be the ONLY way to get physical OUT OF THE HANDS of the sheep... Historically ~ it bought them 20 whole years after 1980...

Again ~ It's all just a thought experiment...

 

Mon, 02/20/2012 - 09:51 | 2177206 BW
BW's picture

Pull all your money out of virtual assets and buy productive and/or physical assets.  Get out of debt.  Become politically active for Ron Paul, become a delegate or local candidate.  That is the only way to win.

Mon, 02/20/2012 - 09:59 | 2177223 rrrr
rrrr's picture

Ron Paul will not be elected, because our electoral system is now in the hands of ham-fisted power grabbers who care nothing about due process or procedure but only their own selfish interests. They will do anything to win, up to and including the most base methods and means.

Therefore we will have to do something more effective than merely call them names.

Mon, 02/20/2012 - 10:09 | 2177259 BW
BW's picture

Respectfully, if you understand the delegate process those are the real voters not the manipulated numbers they they show are the popular vote.  The insiders know the system.  You might have to get your arse out from the computer screen a few hours a month.  I am speaking from experience.  They can't manipulate real people, only virtual votes, like paper gold, get it?

Mon, 02/20/2012 - 10:15 | 2177279 LawsofPhysics
LawsofPhysics's picture

And while we are all out becoming delegates, who will provide the power, the food, and actually get shit done again?  Fresh out of school are we?  Thanks for the hopium buzz, I know the value of my labor and that of my employees and we will be ready to take anything of value from all you delegates in the future.

Mon, 02/20/2012 - 10:24 | 2177284 BW
BW's picture

Delegates elect the Presidents, control the political system and we will fix everything.  It is a few hours a month after work to be a delegate, don't be dramatic.  Yes, you still have to work your regular job and might have to stop blogging one night a month.  Don't be negative and no I'm not just out of school but that is irrelevant.  Stop complaining and start doing.

Mon, 02/20/2012 - 10:30 | 2177306 LawsofPhysics
LawsofPhysics's picture

One thing you might not have learned yet my young apprentice - Work hard 8 hours per day and someday, with a bit of luck and smart decisions and you will get to be the boss of your own enterprise and get to work 14 hours per day seven days a week.  Good luck fool, I have work to do. (FYI, roughly 50 % of my assets are physical, and growing as much as time allows me to make changes - many of the assets are revenue generating as well).

When the monetary system implodes and/or fiat fails (or continues to devalue) you better have a skill set or physical assets significant real value to those around you. 

Mon, 02/20/2012 - 10:31 | 2177320 BW
BW's picture

Not that it matters but I have owned my own business for over 25 years.  I work 24/7 to keep food on the table and stay in business.  Trolls like you are keeping us from fixing the system.  Try to become a delegate and then report back with experience political newby.

Mon, 02/20/2012 - 10:56 | 2177385 LawsofPhysics
LawsofPhysics's picture

After serving two tours in Afghanistan when we technically were not there, putting myself through school, and running my own business for 15 years despite the numerous political promises and "solutions" that have made it more difficult than ever, you can go fuck yourself.  The blowback from the abuse of the American military in the name of "freedom" from political trolls like yourself will be like nothing you have experienced before.

You discount the anger a large component of this poplation that has seen precisely where "political" solutions lead.  As I stated clearly before, good luck with your efforts.  We will proceed with ours.  One thing I think we both agree upon - Ron Paul 2012.  He might not become president, but the effort may divert enough funding for a legitimate third party in this country.

Mon, 02/20/2012 - 10:25 | 2177305 rrrr
rrrr's picture

Real people are easily manipulated.

Mon, 02/20/2012 - 10:27 | 2177308 BW
BW's picture

Not delegate for Ron Paul they are real patriots.  We need to take over their system.  Get it?

Mon, 02/20/2012 - 11:12 | 2177421 rrrr
rrrr's picture

Yes of course. Indeed I do get it. Your feelings are real and your sentiments are positive. That won't get Mr. Paul elected though. His opponents are a lot more powerful than you realize, and they do not consist merely of the electables who are running against him. To them their desired ends justify every means. That is beyond Paul. There are things he will not do to get elected. I'm not saying that he should do them; I'm saying that now that the republic no longer exists, such men don't stand a reasonable chance. We're at the point, really, when brute force will succeed, and everyone else will be beaten, in one sense or another. The stakes are enormous, positions are desperate, and the powerful understand this and they will stop at nothing to hold on to their place and wield their influence and continue to plunder. That is how they exist; therefore, any opposition to them threatens their mortal survival.

Mon, 02/20/2012 - 10:12 | 2177247 dizzyfingers
dizzyfingers's picture

BW: Re RP

 

From the little I know and what I could glean from wiki RP does seem to walk his talk and it is amazing that he continues to practice medicine, apparently, even while serving in congress...do any other congresspeople have real jobs? Isn't that what the founders intended?

from wiki:
Relationship with district
Paul's congressional district is larger than Massachusetts,[64] with 675 miles (1,086 km) of Gulf of Mexico coastline between Houston and Rockport, Texas, including some 22 counties. Paul opposes federally funded flood insurance. In a rural region known for ranching and rice farms,[14] Paul opposes farm subsidies.[65] Paul noted in a 2000 interview that the largest manufacturers in his district were the Dow Chemical, Union Carbide (a subsidiary of Dow since 2001), and Formosa Plastics companies, and that along the coast there were many petrochemical companies.[14]

Paul has added earmarks, such as for Texas shrimp promotion, but routinely votes against most spending bills returned by committee.[66][67][67][68] Paul compared his practice to objecting to the tax system yet taking all one's tax credits: "I want to get their money back for the people."[69]

Paul spends time in the district to compensate for "violat[ing] almost every rule of political survival you can think of,"[15] traveling more than 300 miles (480 km) daily[15] to attend civic ceremonies for veterans, graduates, and Boy Scouts. During 2001, he was one of only eight doctors in the House of Representatives; even fewer had continued to practice while in office.[15]

Legislation
Main article: List of legislation sponsored by Ron Paul

Of the 620 bills that Paul had sponsored through December 2011, over a period of more than 22 years in Congress, only one had been signed into law — a lifetime success rate of less than 0.3%.[70] The sole measure authored by Paul that was ultimately enacted allowed for a federal customhouse to be sold to a local historic preservation society (H.R. 2121 in 2009).[70]

By amending other legislation, he has helped prohibit funding for national identification numbers, funding for federal teacher certification,[15] International Criminal Court jurisdiction over the U.S. military, American participation with any U.N. global tax, and surveillance of peaceful First Amendment activities by citizens.[71]

Affiliations

Paul was honorary chairman of, and is a member of the Republican Liberty Caucus, a political action committee that describes its goal as electing "liberty-minded, limited-government individuals".[72] Paul also hosts a luncheon every Thursday as chairman of the Liberty Caucus, composed of 20 members of Congress. Washington DC area radio personality Johnny "Cakes" Auville gave Paul the idea for the Liberty Caucus and is a regular contributing member.[7]

He is an initiating member of the Congressional Rural Caucus, which deals with agricultural and rural issues, and the 140-member Congressional Wildlife Refuge Caucus.[73] He remains on good terms with the Libertarian Party and addressed its 2004 convention.[74] He also was endorsed by the Constitution Party's 2004 presidential candidate, Michael Peroutka.[75]

Paul was a member of a bipartisan coalition of 17 members of Congress that sued President Bill Clinton during 1999 due to his conduct of the Kosovo War. They accused Clinton of failing to inform Congress of the action's status within 48 hours as required by the War Powers Resolution, and of failing to obtain Congressional declaration of war. Congress had voted 427–2 against a declaration of war with Yugoslavia, and had voted to deny assistance for the air campaign in Kosovo. A federal judge dismissed the lawsuit, ruling that since Congress had voted for funding after Clinton had actively engaged troops in the war with Kosovo, legislators had sent a confusing message about whether they approved of the war. Paul said that the judge's decision attempted to circumvent the Constitution and to authorize the president to conduct a war without approval from Congress.[76]

Mon, 02/20/2012 - 10:23 | 2177298 putaipan
putaipan's picture

since it just might be an obama/bush election....

might i suggest everyone get familiar with-

rocky anderson and the justice party 2012 ?

ROCKY ! ROCKY ! ROCKY ! ROCKY ! FEMALE DOGS !!!

Mon, 02/20/2012 - 10:36 | 2177329 dizzyfingers
dizzyfingers's picture

justice party 2012 looks like another part of hate and division

Mon, 02/20/2012 - 09:52 | 2177208 falak pema
falak pema's picture

All lucid Oligarchs know their heads are all up their arses in this mad casino world; especially if a tiny country like Greece, impoverished mouse caught in burning house now roars in pain; it can show up the great big global market for what it is : A panicked, over-fed, pumped on steroids giant, skating on very thin ice. With a bunch of rapacious HFs now drilling holes on that thin financial Arena sheet in the hope of finding a buried treasure.

Drill baby drill and what a thrill when the giant spills and you find your treasure in your last gasp, like clasping vanishing holy grail; you are in that-- Indiana Jones and the Last Crusade-- movie!!

 

 

Mon, 02/20/2012 - 10:52 | 2177371 dizzyfingers
dizzyfingers's picture

falak pema - eloquent!!

Mon, 02/20/2012 - 09:52 | 2177209 rrrr
rrrr's picture

You write: "Communism failed badly. Why then are we arguably trying to resurrect a version of it, particularly in Europe?"

A war of destruction is being waged against us, and its primary weapon is economic in nature. This works well because our people are very ignorant of economics and don't recognize when they are being attacked when it's used as a weapon.

But look around you. Our middle class is being destroyed, our republic is at an end, our laws are being replaced by the power of persons, if that's not destruction, what is?

We need to recognize that the men behind our present economic problems are not stupid or incompetent; rather, they are malicious and the destruction is intentional.

Mon, 02/20/2012 - 10:41 | 2177339 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Who are these men?  Names?

Mon, 02/20/2012 - 10:57 | 2177388 GetZeeGold
GetZeeGold's picture

 

 

Go find your past teachers....and demand your money back.

 

 

Mon, 02/20/2012 - 11:26 | 2177464 rrrr
rrrr's picture

Exactly.

Mon, 02/20/2012 - 09:54 | 2177211 rsnoble
rsnoble's picture

These crackheads might actually get the DOW to 13k. That will probably be the new best news that fuels another 1000pt trip to 14k.  All the rich assholes will have a very hard time holding things together with a falling market.  Stay in power at any cost. I personally believe that things are so bad that this is a last ditch effort and they absolutely have to make it work or we're finished.

Mon, 02/20/2012 - 09:55 | 2177213 BW
BW's picture

No, they are finished we are winning.

Mon, 02/20/2012 - 09:59 | 2177215 Irish66
Irish66's picture

I hope all money managers write articles like this.  Kudos zerohedge

 

http://www.businessinsider.com/bob-janjuah-markets-are-so-rigged-by-poli...

Mon, 02/20/2012 - 10:09 | 2177257 GeneMarchbanks
GeneMarchbanks's picture

Why would a person link to the same article on another site?

You're on notice.

Mon, 02/20/2012 - 10:18 | 2177282 Irish66
Irish66's picture

I guess you didn't read that they picked up the article via ZH.

Mon, 02/20/2012 - 10:24 | 2177296 GeneMarchbanks
Mon, 02/20/2012 - 10:23 | 2177299 Tyler Durden
Tyler Durden's picture

Not sure it is notable that a tabloid picks up a ZH article...

Mon, 02/20/2012 - 10:44 | 2177351 Eisenhorn
Eisenhorn's picture

In today's world, it is ALWAYS notable when someone prints the truth.

Sad, but true.

Mon, 02/20/2012 - 10:58 | 2177391 francis_sawyer
francis_sawyer's picture

What's notable are the comment sections of the different entities (referencing the same article)...

Good or bad, it serves as somewhat of a barometer...

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