A Canadian Journalist Recalls His Banker Days, Or Was The Soul-For-Cash Exchange Worth It

Tyler Durden's picture

In the aftermath of the "Greg Smith" phenomenon, where now a variety of sources (for now of the terminated kind, but soon likely from those still on the payroll) have stepped up against the Wall Street and D.C. omerta, it is assured that we will see many more such pieces before the coolness factor of public employer humiliation. It is our hope that these lead to an actual improvement in America's criminal corporate culture (such as in "How a Whistleblower Halted JPMorgan Chase's Card Collections"), which is nowhere more prevalent than in the corner offices of Wall Street, long a place where "obfuscation" and "complexity" (recall that it was none other than the Fed telling us that "Liquidity requires symmetric information, which is easiest to achieve when everyone is ignorant") have been synonymous with legalized wealth transfer (after all, we now know that nobody ever read the fine print, and when the chips fell it was all the rating agencies' fault). Alas we are skeptical. But while we wait, here is a slightly lighter piece from the Globae and Mail's Tim Kiladze, who while not exposing anything new, shares with his readers just what the transition from "soulless banker" to a "less demanding, more fulfilling life" entails, and that it does, in the end, pay off. As Tim says - "The latter is a real option: I’m proof of it." Here is his story for all those 'wannabe Greg Smiths' who are on the fence about burning that bridge in perpetuity.

From the Globe and Mail

Why I gave up my six-figure salary and quit Bay Street

I still vividly remember the call that landed me on Bay Street. It was 2006, and on an overcast October morning, someone from the investment arm of the Royal Bank of Canada offered me my dream job. As I took in the news, I stared out the window of my tiny bachelor apartment that overlooked McGill University’s sprawling campus and couldn’t help but think: I finally made it.

For as long as I can remember, I wanted to work in finance. Though Gordon Gekko wasn’t exactly my idol, I yearned to be rich like him. The funny thing is, once I got what I thought I wanted, including a robust six-figure salary in my early 20s, I wasn’t nearly as enamoured.

As a junior banker or trader, you may not have much responsibility, but you see everything with fresh eyes. What I saw was an industry unbelievably out of touch with reality. The problems weren’t confined to the places I worked, RBC Dominion Securities and National Bank Financial; they were widespread. Retail investors are routinely gouged for ridiculous fees, and the Street is so clubby that rivals gang up on each other when someone tries to undercut the advisory fee schedule.

The Street’s culture was rotten. I once saw an investment banker become enraged when his plane ticket was booked economy instead of business class. “I’m not sitting in the back with the proletariat!” he declared.

I’m not the only person who was disillusioned. Whole books have been written about the recklessness of Wall Street, and Greg Smith’s op-ed in The New York Times is nothing less than an indictment of the culture of Goldman Sachs, his former firm.

While Mr. Smith and I had very different experiences, we made the same decision: to flee finance. I know so many others who wish they could do the same. Yet they never make the move because they are scared to part ways with their large paycheques, or they feel trapped by their big houses and private golf club memberships. When I left, one typically unemotional 30-something trader e-mailed me privately to say: “Good for you for having the balls to do this.”

Here’s the thing: it’s not so hard. Once you leave the office towers, you quickly realize that there is meaningful work beyond Bay Street.


When someone hears that I left banking behind, there is only one question that comes next: How big was the pay cut?

Big, I say. So big that after being hired by The Globe and Mail, I no longer met the $60,000 minimum salary for the Infinite Visa I once used to pay my bar tabs at Bymark and Vertical.

Almost three years later, I still miss the money. I probably always will. I miss not having to fret about my weekly budget. I miss not having to worry that someone at my dinner table will order an expensive bottle of wine, forcing me to opt out and drink by-the-glass alone. Sometimes I even have moments of rage when I hear rumours that someone I know has signed a new contract that guarantees a salary plus bonus of more than $300,000.

Then I remember why I left.

No longer do I arrive at my desk at the crack of dawn to mindlessly enter bond yields into a convoluted spreadsheet. No one tells me that my Banana Republic cardigan is too fashion-forward for the office. No longer does a superior tell me that I leave the desk to pee too many times during the day.

When I left Bay Street, I left something else behind: a sense that I was living in denial. Back then, I had to pretend that I didn’t hear or see certain things. While working on the Street, I heard people say that even if clever institutional investors like pension funds realize that a new deal isn’t worth buying, unsophisticated retail investors won’t know any better. I saw investment banks get paid millions of dollars to offer fairness opinions on proposed takeovers, while rarely raising an objection to any deal. And I saw research analysts getting paid enormous money, even though their predictions are so often wrong.

Having said goodbye to all that, I now get a certain pleasure out of hearing bankers, traders and corporate lawyers grumble about their bonuses, even though the annual cheques are worth hundreds of thousands of dollars. Unlike them, I no longer have to use that number as my main measure of self-worth.

My friends on the Street know I’ve got it good now, too. Last year I watched the Super Bowl with a few of them, and during our post-game chit-chat one turned to me and said matter-of-factly: “You literally put a price on happiness.”

This doesn’t mean that investment banks or corporate law firms are the root of all evil. A number of my best friends still work on Bay Street, and some people I truly respect have been in the game for 30 years.

Most people in shiny office towers mean well. They really do. They love their kids, and they give loads of money to charity. The way they see it, every now and then they do something that is just a little offside, but it can’t be that bad.

What they don’t realize is that when everybody does just a little something wrong, it creates one hell of a mess. Rating agencies who bear some of the blame for the financial crisis relied on mathematical models that assumed widespread defaults weren’t possible. The analysts who trusted those models didn’t mean to nearly crash capitalism as we know it – they just took a shortcut.

In all fairness, no industry is perfect. (Have you ever met a car salesperson willing to offer you their wholesale price?) Journalists, too, deserve some blame for not raising more red flags about the excesses of the financial business, before the crisis reared its ugly head.

The big difference, though, is that bankers and traders make millions, and their poor due diligence can bring down financial markets.

Will Bay Street or Wall Street ever change? Probably not. Michael Lewis wrote Liar’s Poker to demonstrate just how crazy the 1980s were, and he’s since acknowledged that things only got worse.

Financial professionals who are as fed up as Greg Smith have two choices. They can try to stay the course, or they can opt for a less demanding, more fulfilling life. The latter is a real option: I’m proof of it.

A few weeks ago the Globe sent out a new job posting for our finance department, so I re-posted it on Facebook. Someone from Bay Street inquired about it and I initially laughed it off, telling him we could never match his current salary. But he was serious.

“You starting to feel like your soul is dying?” I texted to him.

“Starting?” he replied. “Dead my friend.”

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Wakanda's picture

"...for all those 'wannabe Greg Smiths' who are on the fence about burning that bridge in perpetuity."

Suggestion: Burn that bridge yourself before it crumbles beneath you.

BKbroiler's picture

"all my life I wanted to be a gangster" - Henry Hill

williambanzai7's picture

This is exactly what I was thinking.


macholatte's picture



“I don’t see anyone wanting to be associated with someone who has muddied the waters.”

Did Greg Smith Commit Career Suicide?



ZeroPower's picture

Yes, he did commit career suicide. At least, in the finance industry... but it's what he wanted. WS/BS/the City is obviously no longer an option for him.

I can't seem to relate either to this story or Greg's. I suppose its because I'm but a pup compared to the BSDs which roam the office, each one with stories that all revolve around their end of year $value for xxxx year...

Juniors in this industry are treated like shit. First (and last!) time i was ever late to work, i show up at ~705 due to missing my tube stop, my boss looks at me with such dismay, normally having to see him before he makes it into the office at 630, this time he looks at me and says 'good afternoon'. But you deal with it, youre lucky to hold a job in this economy (have been hearing this for 4 years now)... it's something we've come to expect and live through for the riches that come in the future years. Do i feel huge resentment from some non-finance friends i still have from my college days? I suppose... what with bankers in the spotlight (and every finance person whether a banker or not being labeled as such...)  thanks to the GFC.

The fact of the matter is, very few work harder than the juniors freshly recruited into front-office finance jobs willing to work 90/100hr weeks over a bunch of spreadsheets. Is the job fulfilling? It's a case by case basis. Is one providing value? To each particular deal, i suppose...but only so that the value can be take to the associate i report to, back to his VP, who reports back to his MD who hates everything the junior typed in the past 12 hours and then makes him start over from scratch, on a Sunday morning to top it all off. Does one have a social life? Only during the "low season" 60-70hr weeks. Does one bitch and moan about their situation? Absolutely not, because theres 100 other people who may or may not be better suited to take the same position for less money and more committment. 

The job industry is such these days. You can say "hurrah" for leaving your high paid job and doing something (selfless? more fulfilling?) different, but that spot will quickly get filled by someone else, and you'll be stuck living a lifestyle which, for better or for worse, was one you thought you wouldn't return to after landing your first real finance gig.



akak's picture

No offense, but if I had to live the life you describe, I would commit suicide, immediately and with no reservations --- and I exaggerate not even slightly.

ZeroPower's picture

None taken.

What it all comes down to, and believe me, anybody and everyone in finance is here for the same reason, is your paycheck. Not everyone can be a doctor, in fact most everyone can't be a doctor, and so the market deems their high salary as fair - and rightfully so. Moving down the ladder, can not everyone be a financier? Certainly not in the same league as doctors, but the sheer amount of the work and humility are such that indeed, most people opt not to go into finance, and thus again the market comes into play and proposes a higher salary on the industry's workers. If it wasn't for the salary, i wouldn't be in this field, nor would be most others. We're talking banking, trading, AM, PE, research, buyside and sellside alike... it's all the same, and it all comes down to how many 000s you get. 

The nice thing about humans is we're very adaptive..people change. Am i "stuck" here for good? Probably not. But probably making the most of it for now.

akak's picture

Naturally, one must decide, and can ONLY decide, what is acceptable or tolerable for him and him alone, and I thank God for human diversity, as even a "normal" 9-to-5, Monday-through-Friday, mandatory overtime, wage-slave job (and I have had them) would now be (and really always was) little more than a living death for me.  I quit such a job (fairly well-paying, too) over a decade ago, to take an 80% pay cut and lower my annual income down to a near-poverty level --- and have never once regretted the decision.  My life has been infinitely richer in real, if not monetary, terms ever since, and I shudder to even think about ever going back to such a sterile, empty existence.  I have learned that the true riches in life do not and can not have dollar figures attached to them.

williambanzai7's picture

Trust me, when the day eventually arrives, you will look at the cardboard box of lucite cubes and say to yourself WTF? And no amount of zeros will alleviate the pain you will feel.

Think of the Bridge Over The River Kwai.

AldousHuxley's picture



Screams for help at China's secret 'black jails'


Some Chinese seeking help from the central government against local injustices are instead ending up in secret detention centres controlled by local politicians.



Chinese Organ harvesting from live Chinese




soul crushing job? tell that to Foxxconn slaves

Skid Marks's picture

Save your pennies, every damn one of them. If your definition of "freedom some day" is a change of mindset then you will need a large bankroll to help you bail out.  I haven't had a "real job" in over 40 years. It just happened that I didn't like working for a paycheck and I evolved into a consultant/independant contractor. I always took a piece of the action, never a salary. If my clients, who became partners, made money, so did I and I made millions, lost some of it, made some more.  I am completely unemployable and don't care yet I have worked 24/7 for many years without ever keeping track of the hours.

akak's picture

I initially read your first line as "Save your penis".

Always good advice.

King_of_simpletons's picture

It's good to know there is an awakening among people where they are able to see the truth that working for banksters is working for Satan. There should be no doubt in that.

Zero Govt's picture

Probably not quite as 'moral' as that

They can see Goldmans, JP Morgan et al are steaming broke so many times over it's beyond a fantasy these cancerous dinosaurs are still operating at all in the real world

So I'd suggest it's more like rats leaving a sinking ship

If they blow the whistle on the way out and hasten collapse we'll maybe forgive them though  ;)

Bananamerican's picture


For what shall it profit a man, if he shall gain the whole world, and lose his own soul?

Them's Bible words. That repository of human wisdom and folly...


francis_sawyer's picture

I'll (+1) Zero Govt on that...

Peeps, generally, don't start GETTIN' RELIGION until the cash, bitchez, & drugs stop arriving by conveyor belt in their own lives...

It's part of the process... Nonetheless, I'll give a golf clap to the effort & hope it continues... Forgive me if I hold off on awarding any HERO medals just yet... (as it may be just sour grapes that the conveyor belt is still running at full speed for former colleagues)...

Junk me if you want ~ that's just how I roll...



evolutionx's picture

So after the tumultuous and very painful times that we are likely to experience in the next few years, the West will have a sustained period of decline. All the excesses in the economy and in society must be unwound. These abnormal and unreal excesses are not just corporate executives, bankers, hedge fund managers or sportsmen earning $10s to $100s of millions but also a total collapse of ethical and moral values as well as a breakdown of the family as the kernel of society.




Blackfriday's picture

H.F.S.  They are getting ready to seize whatever they want.  I'm sure the Anti Dog Eat Dog rule is next.

Miss Expectations's picture

Wow...I read the entire thing and my hands are shaking.  The Prepper in Chief, no?

Buckaroo Banzai's picture

News flash! Bankers suck.

lizzy36's picture

No they don't all suck.

What happens over time is that some believe they are "special". The money makes them special. The deserve the special status that being wealthy and being a part of the club gives them. They subvert who they are for who they think being a part of the club means they should be.

It is not just bankers. Flash over substance, corners cut everywhere, 20 year olds who may not want to be a banker, now want to be Kim Kardashian. 

The bankers are just the symptom. The poster child. But they MOST DEFINITELY are not the only ones.

Women can tell you how big their engagement ring should be, men will tell you how big his future wife's breasts have to be and neither can tell you what kind of life they want to live.

Subversion of life to lifestyle is not just a "banker thing" it is just easier on all of us if we think it is.

williambanzai7's picture


I came across this earlier today:

Taking the news this week at face value, the leadership of both Goldman and Dewey have been playing with fire in close proximity to their one critical asset:  A cohesive culture, one that looked beyond the self-interested short term to the greater good of clients and the integrity and sterling repute of the firm as a whole.
We are witnessing a war between two passions described by Adam Smith over 200 years ago his Theory of Moral Sentiments:

We desire both to be respectable and to be respected.  But upon coming into this world we soon find that wisdom and virtue are by no means the sole objects of respect; nor vice and folly, of contempt.  We frequently see the respectful attentions of the world more strongly directed towards the rich and the great, than towards the wise and the virtuous. We see frequently the vices and follies of the powerful much less despised than the poverty and weakness of the innocent. To deserve, to acquire, and to enjoy the respect and admiration of mankind, are the great objects of ambition and emulation. Two different roads are presented to us, equally leading to the attainment of this so much desired object; the one by the study of wisdom and the practice of virtue; the other by the acquisition of wealth and greatness. [...]

To attain this envied situation, the candidates for fortune too frequently abandon the paths of virtue; for unhappily, the road which leads to the one, and that which leads to the other, lie sometimes in very opposite directions.  But the ambitious man flatters himself that, in the splendid situation to which he advances, he will have so many means of commanding the respect and admiration of mankind, and will be enabled to act with such superior propriety and grace, that the lustre of his future conduct will entirely cover, or efface, the foulness of the steps by which he arrived at that elevation. [pp. 62—64, Oxford University Press edition, [1756] 1976]

In the cases of both Goldman and Dewey, blame for the peril the cultures now seem to be in may be widespread, but it has been actively or passively permitted to spread at the top.  That, you may say, is water over the dam.  So be it.

From Adam Smith Esq., a Legal Blog

(Dewey is a NY law firm that is about to implode)

IEVI's picture

This reminded me of the following passage from Cannery Row, by John Steinbeck: “It has always seemed strange to me,” said Doc. “the things we admire in men, kindness and generosity, openness, honesty, understanding and feeling are the concomitants of failure in our system. And those traits we detest, sharpness, greed, acquisitiveness, meanness, egotism and self-interest are the traits of success. And while men admire the quality of the first they love the produce of the second.”

williambanzai7's picture

Steinbeck may well have thought of this passage when he wrote that, although this affliction is really nothing new, power corrupts.

What is very interesting is that there is little or no repect in finance for the wisdom of elders. When some grayhair like Volcker,  Whitehead or Corrigan says this is not right, they all laugh at them like they are old fools.

How can you maintain a cultural balance? The whole thing just spins faster and faster...gimme, gimme, gimme more.

Blankfein is the epitome of this.


IEVI's picture

The new guard like blankfein can't even understand what the gray hairs are saying...morality has been lost.

Money and markets have become the center of modern societies and with that morality has been completely discarded for financial success. Men like George (“As a market participant, I don’t need to be concerned with the consequences of my actions.”)Soros are put in front of us by the MSM and held up as respectable. We are supposed to look past the immorality of the economic actions and focus on the billions... and it has worked. Kim Kardashian is a multi-millionaire with 14 million twitter followers. Compare that to ZH which has 82K or RonPaul who has 140K. 

Is it even possible anymore to rein in the immorality. Without the rule of law the immoral have been set free to wreak havoc on society and any natural consequences for immoral actions have been eliminated?

How does a society like this ever regain its moral compass?

Bananamerican's picture

"How does a society like this ever regain its moral compass?"

the same way it always has... by crashing and burning and rebuilding, on the back of remorse......................(temporarily)

AldousHuxley's picture

You mean the society that

  1. killed off the native Americans
  2. built agricultural economy off of African slave labor
  3. built railroads using Chinese slaves
  4. built concentration camps for Japanese Americans families while using the young men in WWII?
  5. using Mexicans as agricultural slaves
  6. using Chinese as blue collar slaves under the gun of communist military state
  7. installing military dictatorship in the middle east to get cheaper oil
  8. working young corporate wage slaves 50-70 hours a week with six figure college debt


Better just accept the fact that you were born privileged and any elitist claims to legitamacy is bunch of lies as they never had any morals to begin with.


Jews always made money by getting in immoral businesses where profit is fatter.

williambanzai7's picture

I don't know, but one troubling aspect of this is how the word progress is used as cover. Progress and innovation becomes the buzzword excuse for cut throat behavior. If you resist or suggest an alternative view you are ridiculed for being a Luddite of sorts.

Volcker had it right when he said that an ATM is the only useful financial innovation he has seen.

Did you catch the item about Italy having to pay 3 Billion to Morgan Stanley to unwind a swap position?

CompassionateFascist's picture

Just think of it all as Terminal Jewification. Operative word: #7.

lotsoffun's picture

i was basically shining shoes at goldman sachs in 1987.  and i saw john wineberg and john whitehead all the time in the building and saw their behavior and their conversations and interactions.  (they had class and i mean that)

then it became rubin/friedman then it became corzine, then it became paulson.  and lastly lloyd-boy.  scandals like lloyd boy would have been out the door with no explanation in a day in the 80's and even in the 90's.  and it is not because of people unhappy with bonuses - you simply couldn't make those claims (meaning like greg smith did) then.  at that time, GS, they really were based on making fee-results based money off the clients and NOT bleeding the clients to death.  the motive was: 'we put together deals for them, we issue CP, we raise bonds, we get them financing, we make markets in what we issued, and for all of this, of course, we get a fee and we do enough biz to make good money and everybody is happy.  and mostly - 'we want our clients to maintain their good ratings, because this facilitates the process for both of us.' 

now - they simply are a trading house.


williambanzai7's picture

I am sure Whitehead is appalled.

donethat's picture

The 'Old Line' Investment firms put the partners capital at risk, EVERY DAY.

That was back in the time when every transaction delivered 'economic good'.

Now we have derivatives on derivatives.

You know who the winners are.


P.S.  It's Weinberg, not Wineberg.

davood's picture

I won't put Volker in the same sentence with the words "elder" and "wisdom" in it.

Volker's high interest rate policies help to devastate the economies of the "Third World" during the 1970s, especially in Latin America, and allowed the economic hitmen, aka John Perkins and company, to do their dirty deeds.

William: I am sure you know about the phenomenal Asterix and Obelisk comics series.  Wouldn't it be awesome and deliciously apropos to have a re-incarnation or re-adaptation or re-configuration of that "two Gauls fighting and winning against the Empire" comic strip for today's audience, now that we are witnessing and experiencing the death throes of the greatest empire in world's history.  It would be an instant and tremendous hit, most especially among all those living or surviving or dying under the boots of you know who, and those who just "love" Pax Americana, probably numbering in the billions (think: China, Middle East, Africa, South America, etc.).

If there is anyone out there who has the talent and, more importantly, the econfingeopolitical awareness and acumen to do such a marvelous thing, you would be it.  Anyways, just a little suggestion.

AldousHuxley's picture

Paul Volcker, the previous Fed Chairman known for keeping inflation under control, was fired because the Reagan administration didn't believe he was an adequate de-regulator.


He was a founding member of the Trilateral Commission and is a long time member of the Bilderberg Group.

He is also private banker for the Rockefeller family, and the Rockefeller Center.


Jewish banksters hate Volcker for putting their wall st. scams out of business so that American main st. can propsper properly.

davood's picture

Come on.

Founding member of TC and long time member of Bilderberg trying to save main street at the expense of the Jewish banksters and Wall Street?!?  What planet are you living on?

What Paul Volcker (cryto Ashkenazi Jew?) was trying to do was to prevent a total seizure or collapse in the US "treasuries" or what I call US "toiletries" market, among other very important things, i.e., runaway inflation, by raising interest rates to the moon.

This article by Martin D. Weiss describes what happened: http://www.moneyandmarkets.com/bond-market-bubble-8384 , but I think it was his Crash Profits book that explicitly stated the increase in interest rates was to save the USTs from going into the toilet bowl (where it rightly belongs) and everyone else to experience financial armageddon.

Of course back then, the US was a creditor nation.  Today, there is no way the Fed will raise it's key interest rate without killing the USD, destroy what's left of the real estate market, implode what's left of the US economy, etc.  But this is a side issue to my previous point which still stands.

akak's picture

I think it is safe to say that there have never been any "heroes" to be found among anyone who has ever been a member of, or even tangentially associated with, the Federal Reserve.

But I do enjoy Bix Weir's theory that Alan Greenspan was and is such a hero, having laid the groundwork in secret, over decades, to restore the dollar gold standard via the Fed, and having communicated that plan surreptitiously to the public through a children's comic book ("The Road to Roota").  Never have I seen nor read a psychedelic mushroom trip more succinctly put to pen.

Piranhanoia's picture

Oh yes, they all suck.  They work with an imaginary concept called money, which they are allowed to create.  They are tempted by the riches and they are guided by it.  The gamble on the lives of every person in the world and they accept that their clients are criminals,  no, they rely on the fact that their clients are criminals.  They are part of a racket, a mob, and it is organized crime to steal from anyone they can.    And none of them ever worked a day in their life in such a profession. It was always theft, day one.

We need to stop pretending or this will repeat.

Neo's picture

I think you are absolutely correct, Lizzy. I dont give a crap about bankers, but they are not the only bad guys here.

This isn't biblical shit either, this is reality. If you think you can solve our probems by just stringing up the bankers, your part of the problem.

Wake up, the rot is all around you, and maybe even in you.


giddy's picture

...ummmm... what is the bible if not the story of human moral history?  OK -- if not "biblical" then maybe "Shakespearean"?  It's a tragedy told by an idiot full of sound and fury signifying nothing...  Faulkner nailed it as well... 

TwelfthVulture's picture

If you seek "facts," read non-fiction.  If you seek "truth," read fiction.

AldousHuxley's picture

greedy banksters + corrupt politicians + idiot voters + regulators sleep at the wheel + arrogant Federal Reserve = America today

luna_man's picture



"Neo"...Yeah, but let's start with the CRIMINAL bankers!


Eventually, we'll be after ALL the CRIMINALS!!

malek's picture

 Women can tell you how big their engagement ring should be, men will tell you how big his future wife's breasts have to be and neither can tell you what kind of life they want to live.

Right to the point.

Is that your quote? May I use it from time to time?

Winston Churchill's picture

I am afraid you're right.

The average banker is no less despicable than his average customer.

Clogs to clogs in 240 years.

Our whole "civilistion" is rotten through.

sIewie the pi-rat's picture

what an asshole dipsht, i don't know much about bay street but let me tell you his experience is no effing defferent than mine when I told the team leader at  the local supercenter that he could take his greeter job and all that chinese made crapola  and stick it up his ...


and when my landlady give me a hard time when the rent is late, i too miss the money but then i think back to the morning chants and cameras in the associates bathroom  and i know i made the right decision but to write about like some dickfaced prima donna lamenting the loss of a visa infinite card -- listen emeffer   see if you qualify for a snap card - I do  and I am proud of it

JPM Hater001's picture

"i don't know much about bay street"
You could have stopped there...
Wait... You should've stopped there...

slewie the pi-rat's picture

you should not have let the circus leave town without you, son!


I am Jobe's picture

Nothing will change as long as the Govt is bought and paid for by the banksters.


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, (Attributed)
3rd president of US (1743 - 1826)


Laughing out loud from the grave. Sheeples were too busy and even more now due to lack of education and think their Fucking IPADS and crap gonna save their azzz. Sure keep buying into the hype of crap and keep on buying as whore street selss you the crap and nothing to show for as far as real life is concerned.


Cursive's picture

More and more people are channeling their inner Thoreau these days.  Understandable.  This is the reaction to a hyper-materialistic society.  HDT is back with a vengeance (and I'm enjoying it).