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Chris Martenson And Marc Faber: The Perils of Money Printing's Unintended Consequences

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Submitted by Chris Martenson 

Marc Faber: The Perils of Money Printing's Unintended Consequences

Marc Faber does not mince words. He believes the money printing policies of the Federal Reserve and its sister central banks around the globe have put the world's currencies on an inexorable, accelerating inflationary down slope.

The dangers of money printing are many in his eyes. But in particular, he worries about the unintended consequences it subjects the populace to. Beyond currency devaluation, it creates malinvestment that leads to asset bubbles that wreak havoc when they burst. And even more nefarious, money printing disproportionately punishes the lower classes, resulting in volatile social and political tensions.

It's no surprise then that he's feeling particularly defensive these days. While he generally advises those looking to protect their purchasing power to invest capital in precious metals and the equity markets (the rationale being inflation should hurt equity prices less than bond prices), he warns that equities appear overbought at this time.

On Inflation

First of all, I do not believe that the central banks around the world will ever, and I repeat ever, reduce their balance sheets. They’ve gone the path of money printing and once you choose that path you’re in it, and you have to print more money.

If you start to print, it has the biggest impact. Then you print more - it has a lesser impact unless you increase the rate of money printing very significantly. And, the third money printing has even less impact. And the problem is like the Fed: they printed money because they wanted to lift the housing market, but the housing market is the only asset that didn’t go up substantially.


In general, I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money.

On His Love for Central Bankers

Basically the U.S. had a significant increase in the average household income in real terms from the late 1940s to essentially the mid-1960s. And, then inflation began to bite and real income growth slowed down. Then came the 1980s and in order not to disappoint the household income recipients you essentially printed money and had a huge debt expansion.


So if you have an economic system and you suddenly grow your debt at a very high rate, it's like an injection of a stimulant of steroids. So the economy grew at a relatively fast pace, but built on additional debt. And this obviously cannot go on forever and when it comes to an end, you have a problem. But the Fed had never paid any attention.


The Fed is about the worst economic forecaster you can imagine. They are academics. They never go to a local pub. They never go shopping -- or they lie. But basically they are a bunch of people who never worked a single day in their lives. They’re not businessmen that have to balance the books, earn some money by selling goods, and paying the expenditures. They get paid by the government. And so these people have no clue about the economy.


And, so what happens is they never paid any attention to excessive credit growth -- and let me remind you, between 2000 and 2007, credit growth was five times the growth of the economy in nominal terms. In other words, in order to create one dollar of GDP, you had to borrow another five dollars from the credit market. Now this came to an end in 2008.


Now the Fed never having paid any attention to credit growth, they realized if we have a credit-addicted economy and credit growth slows down we have to print money. So that’s what they did. But believe me it doesn’t take a rocket scientist to see that if you print money you don’t create prosperity. Otherwise, every country would be unbelievably rich because every country would print money and be happy thereafter.

On The Unintended Consequences of Money Printing

In the short term, it has been working to some extent in the sense that equity prices are up and interest rates are down. And, so companies can issue bonds at extremely low rates. But every money printing exercise in the world leads to unintended consequences at a later point. And, this is the important issue to remember. We don’t know yet for sure what the unintended consequences are.


We know one unintended consequence, and this is that the middle class and the lower classes of society, say 50% of the U.S. has rather been hurt by the increase in the quantity of money in the sense that commodity prices in particular food and energy have gone up very substantially. And, since below 50% of income recipients in the U.S. spend a lot, a much larger portion of their income on food and energy than to say the 10% richest people in America and highest income earners, they have been hurt by monetary policy. In addition, the lower income groups, if they have savings, traditionally they keep them in safe deposits and in cash because they don’t have much money to invest in the first place. So the increase in the value of the S&P hasn’t helped them, but it helped the 5% or 10% or 1% of the population that owns equities. So it's created a wider wealth inequality and that is a negative from a society point of view.

Click the play button below to listen to Chris' interview with Marc Faber (runtime 40m:45s):


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Sat, 03/17/2012 - 11:04 | 2264789 ZippyBananaPants
ZippyBananaPants's picture

How are people so stupid that they will vote for our clown president when he has done none of the things he was elected to do?  

Other than the media, who thinks this should even be a close race?

I am confused.

Sat, 03/17/2012 - 11:16 | 2264806 TheCanimal
TheCanimal's picture

The Republicans (with the exception of Ron Paul) are no different than the Democrats.  Because Obama is bad, the Republicans should not be rewarded as they are as corrupt as the Democrats.

Sat, 03/17/2012 - 11:20 | 2264815 sIewie the pi-rat
sIewie the pi-rat's picture

clowns to the left of me jokers to the right

Sat, 03/17/2012 - 11:37 | 2264851 WonderDawg
WonderDawg's picture

Here I am stuck in the middle with Slewie

Sat, 03/17/2012 - 11:44 | 2264860 krispkritter
krispkritter's picture

You say that like it's a bad thing?

Sat, 03/17/2012 - 11:49 | 2264875 WonderDawg
WonderDawg's picture

Just singing out loud. It has a ring to it...

Sat, 03/17/2012 - 11:52 | 2264879 DaveyJones
DaveyJones's picture

SO ...the leprechaun is SOL?

Sat, 03/17/2012 - 12:24 | 2264935 economics1996
economics1996's picture

Is there disenchantment with the magic Negro?  Shame on you!  Indoctrination class for you people.

Sat, 03/17/2012 - 12:36 | 2264962 Spastica Rex
Spastica Rex's picture

Are you giving the one on white power?

Sat, 03/17/2012 - 13:11 | 2265009's picture

Say it loud! I'm ________ and I'm proud!

Fill in the blank with any collectivist label of your choice excluding white, male heterosexual.

Sat, 03/17/2012 - 15:11 | 2265167 Spastica Rex
Spastica Rex's picture

I know, right? White male hetrosexuals have been victims just about forever.

Sat, 03/17/2012 - 16:31 | 2265438's picture




So all children should be taught to feel proud of themselves and their families except little white boys who should simply be ashamed of their own existence. Because, you know, there were some bad white males in the past so that's fair. And no one other than white, heterosexual  males have ever used color or gender or sexual orientation as a means of discrimination.

All minorities bear the burden of misdeeds committed against people who shared superficial characteristics with them and were discriminated against at some time in the past. A shared sense of victim-hood with persons long dead is the only legitimate reason for anyone to feel proud.

Thanks for straightening me out. Do I get any sympathy for having a great-great-grandfather who fled the Irish potato famine? Because I'd like to have the right to feel a little bit proud once in a while even if it is only because I have a distant ancestor who once got a raw deal. It makes my life worth living.


Sat, 03/17/2012 - 17:09 | 2265569 kekekekekekeke
kekekekekekeke's picture

How are you (and that's a general you, there's no shortage of cry-crying about the poor white boys on this site) not just totally mortified when you write this drivel? Does your life suck this bad?  Are you seriously not getting enough coddling? 99.9999% of the whining on this site is white men whining about being white men (between you guys quoting T.S. Eliot and Kipling teary-eyed to each other) and it's just... baffling. 

I mean, sucks about great-great-gramps dude, but get a grip. I'm sure your white boys get enough validation that white men too can make it in the world when they look at the pictures in a history book.

Sat, 03/17/2012 - 17:32 | 2265639 akak
akak's picture

You are an asshole.

Crockett was making a legitimate point about the one-sided hypocrisy of minority identity and prejudice, and you claim that he is whining?  Fuck you, you PC-addled bastard.

Sat, 03/17/2012 - 18:16 | 2265750 Spastica Rex
Spastica Rex's picture

It just sucks, doesn't it? WASP males get dumped on all the time, all through history, and now they're made to feel like they can't even be victims. Real white me cry real tears, just like negro, bisexual, Haitian, trans-gendered, communist, prostitutes. 

Sat, 03/17/2012 - 20:32 | 2266041's picture

But I'm not a WASP. So now you can feel proud to be a victim of reality.

Sun, 03/18/2012 - 01:03 | 2266609 AldousHuxley
AldousHuxley's picture

elite WASPS sold out non-elite WASPS.


WASPS now have to have their wives work to afford decent homes with good schools.


WASPS now must kiss Indian, Chinese, Russian, and other foreign billionare asses who made money on corrupt fascist systems in their 3r world slave labor countries.


Sat, 03/17/2012 - 18:27 | 2265767 Spastica Rex
Spastica Rex's picture

Do you get any sympathy?


Nobody deserves sympathy more than white heterosexual men. They always get a raw deal, ALWAYS, and nobody else understands the pain they feel. They always get blamed for EVERYTHING. Everybody's always bringing up ancient history like Indian genocide, and slavery, and blah, blah, blah. Then there's all the "laws" and "rules" to prevent white heterosexual men from feeling proud and good about themselves. And I even hate to mention all the homo-gays prancing around in their tight pants and hairless hot bodies making white heterosexual men feel inferior. God; it all just breaks me up.

Sat, 03/17/2012 - 20:31 | 2266050's picture

Why does your love of "diversity" cause you to hate the Irish? And on St. Patrick's Day, no less.

Sat, 03/17/2012 - 21:04 | 2266136 Spastica Rex
Spastica Rex's picture

Diversity? WTF? Haven't you a heard a word I've said?! Oh, and póg mo thóin; everyone in the world is either Irish, or wishes they were Irish. Go n-ithe an cat thú is go n-ithe an diabhal an cat. Ireland fuath leat.

Sat, 03/17/2012 - 21:36 | 2266185 akak
akak's picture

Not me!

I despise the Irish --- those black beer and whisky-sodden, potato-eating, euro-loving, ghostly pale, notoriously corrupt, anti-Protestant-terrorism-loving soccer hooligans, hideous red hear and freckles and all.  May their shamrocks wilt and their beers all go flat!


Sat, 03/17/2012 - 21:58 | 2266237 Spastica Rex
Spastica Rex's picture

And soulless. You forgot soulless. We're soulless.

Sat, 03/17/2012 - 22:04 | 2266252 akak
akak's picture

Well, that goes without saying, doesn't it Bob?

Oh, and I forgot to mention that creepy straight-armed folk dancing --- always reminds me of upper-limbless Thalidomide victims hopping around.

Sat, 03/17/2012 - 22:12 | 2266273's picture

My great-grandfather was a clog dancer. Judges stood under the raised platform on which the dances were performed and rated the contestants by sound rather than by sight. Great-grandfather was also a slack rope walker. He was second generation American but you can't take the Irish out of a McNally.

Sat, 03/17/2012 - 22:16 | 2266296 akak
akak's picture

Let me add what I should have to my two previous posts:


Sat, 03/17/2012 - 22:34 | 2266349 Manthong
Manthong's picture

Can't we all just get along?

Sun, 03/18/2012 - 00:52 | 2266590's picture

That guy is pretty funny.

Sun, 03/18/2012 - 02:23 | 2266682 Manthong
Manthong's picture

Classic stuff. I still have an early '60s LP by him in my collection. It had belonged to my parents.

About all of it is on Youtube.

Sun, 03/18/2012 - 12:18 | 2267155's picture

Are you familiar with Alan Sherman and Vaughn Meader? I inherited their albums and have always found them to be a riot.

Sun, 03/18/2012 - 12:22 | 2267164 akak
akak's picture

Oh my God, Alan Sherman!  I can remember my mother listening to him when I was just a young kid!  A lot of the humor was over my head at the time, but from what I can remember, he was a total hoot.

Sat, 03/17/2012 - 15:11 | 2265227 kekekekekekeke
kekekekekekeke's picture

Plenty of white men are doing just fine. If you aren't, there's probably just something wrong with you.

Sat, 03/17/2012 - 21:51 | 2265434 TruthInSunshine
TruthInSunshine's picture

FWIW, then there is Daron Acemoglu, a fairly credible M.I.T. economics professor, who is essentially stating outright that the U.S. Economy is severely bad, getting worse, and headed straight towards collapse. It would appear that he is insinuating that Deep Capture's opening of a fatal wound in the fundamental economic structure of the U.S. is prompting the Federal Reserve to accelerate its central mission of transferring the remaining value of the holdings of the 99.9x% to the 0.01% on an expedited basis.

It would appear that he has no desire to be part of the Confidence Fairy club.

It’s the Economy: Why Some Countries Go Bust

"By his own admission, Daron Acemoglu is a slightly pudgy and fairly nerdy guy with an unpronounceable last name. But when I mentioned that I was interviewing him to two econ buffs, they each gasped and said, “I love Daron Acemoglu,” as if I were talking about Keith Richards. The Turkish M.I.T. professor — who, right now, is about as hot as economists get — acquired his renown for serious advances in answering the single most important question in his profession, the same one that compelled Adam Smith to write “The Wealth of Nations”: why are some countries rich while others are poor?

Acemoglu, told me that financial firms have so thoroughly co-opted the political proc­ess that the American economy has become fundamentally unsound. “It’s bad and getting worse,” he told me. Barring some major shift in our political system, he suggested, the United States could be on its way to serious economic failure.

Or, stated alternatively, it would appear that he, like a select few others, believes that TPTB have lost control of the propaganda war, as the masses realize a large gap between what they're being told by the media and government officials, lose confidence in the very structure and foundation of the system, and that given this awakening taking place, TPTB that rely on the Fed Reserve as their wealth transfer mechanism can no longer afford to try to slowly simmer the frogs, and a quick boil it will have to be (in order to plunder while the plundering is good).

I don't know what anyone else thinks of this, but this expressed opinion by someone of this type is so rare that I do believe it's the first time I've encountered it. He's not saying we're headed for a depression, but rather, a total collapse (I see what he sees; I see it, hear it, feel it and sense it - but I'm hopefully just a pessimist, as he hopefully is.).

My End the Fed avatar is wanting to be replaced with a symbol for full reserve banking, but there is no such universally adopted symbol.

*In reality, the Federal Reserve is carrying out its real mission statement just fine. It's just that Bernanke is under a great deal of pressure because he has to enable a lot more plundering over a much shorter period of time than his predecessors had to accomplish for their bosses.

Sat, 03/17/2012 - 15:06 | 2265209 akak
akak's picture

Is there disenchantment with the magic Negro?

Obummer is a mulatto, not a negro, so by rights the blacks can hate on him (if they are collectivistically so inclined) as "whitie" as much as the racist whites can hate on him as a nigger.

Funny how we so often see what is different, and not what is similar, in other people.

Sat, 03/17/2012 - 16:34 | 2265479's picture

I've always thought of Obama as a white man pretending to be a black man.

Sat, 03/17/2012 - 16:38 | 2265488 akak
akak's picture

I have always thought of him as a narcissist (if not a sociopathic narcissist) pretending to be a messiah.

Sat, 03/17/2012 - 19:18 | 2265873 Zero Govt
Zero Govt's picture

Akak  - what info leads you to think of Bumma as narcisstic?

all i can gather is his Marxist 'education' an Community (Commie) Service and that he's a pathalogical liar... so disjointed he doesn't realise he's lying because his lying is so obvious such as he won't leave his debts to the children

It would take 5 minutes to work out he's spent more money than America could repay in 2 decades and just a small point, none of his debt has a repayment plan!

Sat, 03/17/2012 - 19:43 | 2265919 akak
akak's picture

No specific info really, ZG --- just a gut feeling that I have gotten every time I have heard him speak or watched him deliver a teleprompter-fed speech.
The manner in which he looks down his nose at his audience, with his chin held high, as if "I am the ONE!", has always rubbed me the wrong way; I cannot bear to watch or listen to that man, as EVERYTHING about his tone and body language simply reeks to me of arrogant disdain.

Sat, 03/17/2012 - 20:09 | 2266002 Zero Govt
Zero Govt's picture

yes the chin up (looks down his nose) mode is a status symbol saying i'm the top cat in the room.. it actually comes from his socialist righteousness i think. he probably thinks he's on a crusade to make everything equal but i'm not sure he has an idea of how he's handled by the big boys and quite what they're up to

if he does know what they're up to he's an even better liar than i thought and he's not pathalogical, just veeeery creepy

the current crop of politicians are veeery creepy too. DC is a certified lunatic asylum

Sat, 03/17/2012 - 22:30 | 2266340 e_goldstein
e_goldstein's picture

You bring the gold and I'll bring me sack.


Sat, 03/17/2012 - 11:57 | 2264892 slewie the pi-rat
slewie the pi-rat's picture

that would be s-I-ewie

s-l-ewie is stuck on the bottom!  L0L

clonie sez: I Get Around

Sat, 03/17/2012 - 13:38 | 2265057 Milestones
Milestones's picture

Hang on Sewie, Slewie hang on---                               Milestones

Sat, 03/17/2012 - 20:38 | 2265743 Cadavre
Cadavre's picture

You say that like it's a bad thing?

Hemmoroid flareups can sometimes make it difficult to be  "gold star" good, unless you be dsing up ROHR's and poppers (believe Senator Lindsey Graham has a few extra stashed in his Freddy Prince simulated patent plastic military officer slash ala Biker Brando "we never saw the [fake] Jew" "Wild One" head gear.

My Dear Fellow Terrorists,

Allow a momentary offer of Zen: Just how thorough would a TSA strip search be if your underwear had a half pound of shit caked on em? Airport Security gave the Sex Pistols a "very" wide" birth.

According to Crew, of the 3 senators they awarded the outstanding achievement plaque to in 2006 for innovation in government corruption, the only one [still] not in prison, is, right now, channeling the best Ron Paul mime his speech writers, given budgetary rhetorical and 5th column cognitive limitations, could cut and past and muster in time for de teleprompt (weapon of mass deceptiom). Nonetheless, and :nonetheless" is one word, , it be da best paraplagiarized script dat droid recited ever.

Alas, our tin man has no heart, he rusts cause he be dat made in Americana Oceana steel  has no mind and has no courage. Da droid got ugly kids, ugly wife (few would pork a dat poor soulless scared waiting for de big box store in de in de sky whe de "here after", yet perfect [for] LANCET [image] example demonstrating one's loss of humanity leads to accute acromegaly, with some `un else hard wood.

Da droids kids are probably de gardners! His dog be ugly, he always be ashamed of his little peeny that began to wither after his first scolding for pissing the bed by a post "Donna Reed" `et "Me First" belt wielding Jack Daniel slurping bipolar full bore Munchausen "Queen for Day: maiden of a closet diesel dyke that wore a name tag inscribed "Mommy" name tag. He be wishing he'd never had de peeny since. And ya know the gardner's meat didn't whittle it down. De Tin Man Droid fart like a bath house tranny crack whore 10 minutes out from he-she's last cock-rock suck. Now If-en it come to be - and if-en he be wanting to be da bowl of alpo, the straw-feed man, the cake his handlers will feed the commons to buy time to figure out where that magical little Noah boat be  that supposed to save their tender sweet and might tasty looking genocidal asses when de commons cum a calling with spits in hand went have dat epochal barbecue on the ashes incubating the Pheonix, do, as dey always do, raze again their moments the Bastille-ish walls The War Usury Genocide Industrial Complex and Boy Lover Support Group hide behind.Da Droid last exhale be a scream, "I did not know being god's servant was gonna be so f*cking painful". You dun know de half of it - give it time. Sacrifice is what de god guy in in da sky work be all about! You be chosen alright - but fool dat we bred you to be never ask what you be chosen for: Baby Back Stew Cooked up nice and hot on de top of the changeling pecking de big egg so he canbe a feeding on you too.

Guessing we finally be moving beyond hope and into the realm of change. Not de excrement of "change you can believe in" (who fuck came up with that - change ain't a fucking "belief" you fuck wad inbred ivy league fascist schooled K-Street kiddie fondlers. Change is not perception. Change is something you can see, smell, touch, spit on, piss on. Like the change when de Mussolini clown was hanging by his ankles - he be dying and shitting squirming and he be smelling real bad - his last moments were spent in agony as both a spittoon and a urinal as Italian "consumers" dropped by to bid a wet, but fond, farewell, Thats the kind of change a pragmatic main street stake holders, (ie de commons) understand - dis "beleif shit" save it for church - save for de slow agonizing cabrito ankle hang on dem mighty fine brances of de reflection pool cherry trees - sheesh - what dem whores and wanna bees mud wrestling in the sewer moat round Wall Street and DC be thinking it mean?

Dey tink dose perceptions dey sham wow be selling like hot cakes. Send em a dictionary - please = tab the pages and highlight the definitions for 3 words: Reality, Belief and Perceptions. Send them an economic book - not one of dem currency manufacturing industry books. Highlight Consumer and Producer. Maybe a few of dose fuks come to dere senses. Dere be all forms of justice. Leniency demands confession (and no - no 100 K bonuses like MF Global suits got to consult with the SEC to determ how the stole 28% of MF GLobal customer deposits). If the republic is to continue the "change" requires justice - not no justice you can beleive in. Not a perception of Justice. Read your constitution dear chosen public service employees and dem Banker Dandies you be whoring for,  - 86 them fuking agency acts and policy manuals - no hiding for dandies behind dat old stupid fat fuk farce you fuks "believe in" no more, It spanking time guys - sorry. No way out. Advise you find you survival instincts, and soon. Use any common sense you might still possess and listen Listen your instincts.

Touch your inner sense of self preservation, Mr K-Street John. Consider the phrase "Path of least pain". Do tell, Mr K-Street John, does that simple phrase mean to you?

Reality check time, right, Mr K-Street John? In this hand I have perceived pain. The other has real pain. Choose.

Pain can be forefeiting assets and licenses. Detention is painful. But that kind of pain is only what you believe it to be - or perceive it to be. Then there's real pain - change like pain - is real - not something on the tv tube.

How we get from this abomination we allowed you, as an authorized employee of the commons, to make of our republic, back to the founding principals.

Truth Justice and Liberty is the path of least pain (not that "believe" shit bo jangle's script writers toss the facilitators in media to chum for consent (real or perceived). Those words are codified in law in the Republics employee agreement with you, the Constitution.

To maintain civil order you must first recognize your desire to survive. Confess, at least and privately, to yourself at first. Confess to the crimes our weaknesses and your eakness allowed tou to particpate. The deaths. The extortion. THe lies, Your failure to uphold your oath of office as a trusted emplyee of the commons of the United States  by writ or executive ordf or repeal   and the path of least pain / if the call to "maintain civil order preserve liberties"

Such is a fools surprise when dey discover the chocolate truffle was just a fancy wrapped chunk of dried turd - maybe he pretend it taste good.

The 12 people in the crowd (tight angled CSPAN lenses alway make it look packed) have this funny look - and they be wearing conformity compliance collars like da little Beagles romping around the tourist grounds of Mount Vernon. Ain't nothing like seeing a Beagle when de collar he be wearing jab a high voltage jolt to keep him in de invisible fence. Hopefully a bunch of Dr Paul's disciples are in the crowd pretending there not.

Do what they do to you to them. Dese fucks be so dumb dat dey will gut themselves and jump in the skillet sure as Moses was a White Guy like he be on Demille's Ten God Laws de bathers in the DC Wall Street sewer pond break every nano sec of what some call "their lives" if you be looking hungry!

IF YOU BE A PAUL DELEGATE DON'T TELL THE DELEGATE POLICE DAT YOU IS - play dumb - act like RomneyGangreenrenchSanitarium supporters - be "dead people walking" (not metabolically dead - more precisely be spiritually, ethically dazed like you got a double helping of "bling fix" and watched two first run episodes of "Housewives of Atlanta".

Little known facts of da times:

The AP is not a news service it is a propaganda bureau.

When the S&P downgraded US credit, we became aware of a US agency department with the moniker "Fast Acquisition Group Services"

Bambi is not a raving queen. He is a "sometime" cross dresser who crosses only when bumping uglies with the other Bag Man's fuck toys!

Ain't no diff tween Romney Gang Gingrench Sanatarium and the Bambi Ken Dolls. All dat matters is how convincingly they think they can defraud the republic during their sham no paper trail (ENRON REPUBLIC) primary caucus frenzy.

The Hebrew University burns a lot research trying to locate evidence to prove the Arch of Captain Noah made a port of call in a harbor of de land dat ventually become de homeland insecurity of Vlad the Impaler a couple of thousand years later. Given the Ashkenazi did not pretend to convert to Judea until 784.  Maybe Noah had GPS, huh? Maybe time constricted,

Lot's Of religions have blood rituals. De fake Xtians drink da cool aid and pretend it be blood. Others be sucking real blood - if you like sucking fresh born baby boy dicks, and thinking you be a vampire critter, den dis be da job for thee!

What dat CRONY 2012 "save da children we don't napalm when we fry them darkies wit de oil in shit be all about? The pretend Jew dat made de film to manufacture de consent to kill 1000's of Ugandan kiddies (and sell de ones left to the Pitt's Skag, and rent one or to to ex synogress queen Tom Foley, was caught on video wacking whats remains of some B List Mohel's hors d'ueuvres, in de hill and dales of San Diego. He maybe taut Pitt's Skag be pleased and tug his love muscle to rhapsody twixt her skank teats - but when she drop buy - he finally know de bitch was a blowup doll dat walk and talk like de almost realting he sniffed when he took a bath with mommy as a child.. But frenzied whanking in de street - maybe dat da way dey do it in the killing napalm fields of Uganda - but San Diego - i guess da fleet be gone --- Hey dere mister - you better hide your sister - cause the fleet be in - da fleets in! Dey won't be in while da  blood dey got be worthing more to the divine  rehypothocating racket church - dey be over dere baiting death and dying moma be crying and dad in pain - but de war bankers cash register ring ring ring as it sell another soul to hell  - unless - of course - the proud tradition of battle field justice through fratricide be making a big comeback.

US borrows 4 Billion a day. a half billion a day of de borrowed loot (markers ain't money and ain't a promise) is used to gas up marine genocide machines in Afghanistan so they can make sure no one interfere with da CIA dope production and LLC co-chairs kill `em all choir hyenas, dat be da Wall Street Banker Gangster (who be in dis picture?) Skags and Bling Queens Afghani Dope Money laundering of the proceeds from sales of de CIA dope. Doze queens be a doing dat shit all over da place! De Marines are security guards to protect Xe Mercs - Yep de Few - de Proud got de skills to work security in the Big Box Bling Store parking lot if dey come back to da world alibe with legs arms and eyes  soze dey can continue to fix da cheap de cheap CIA smack in da privacy of de parking lot scooter-truck! soooo .. weze gotz a war against drugs and a war for drugs.

What be a hero worth anyway? Dead uns probably contributed a 100 Million to de GDP thingamabob - jesus f*cking titty christ  KILL THEM ALL - help de fake Jew Banker Gangster overcome his great grandparent's holocaust trauma (well dey did say dey did know someone dat was holocausted and dey be to far from Gaza to enjoy a cathartic rut on some defenseless preschooler brownie brood eating de DU dirt dat dust da Strip.

I was going to layout the grand architecture regarding FED counterfeiting, the ruse of "banks not circulating capital into the commons", the over night FX - the "after" FTSE close USD FX dump, market rigging -  real plain and simple - BUT ....

The Bambi jus came on de tube talking bout the war on energy prices through taxpayer subsidies to those who give de bag man de funny money.

He all over the board.

If gasoline is so expensive, why is de "United SuckingShitLikeSyrup States of Merikon Sheeple Herd Dazing and Grazing in the Valley of De Big Box Bling" is exporting half the gasoline it be refining?

I do de other later - I go out to kick my dog a while - catharsis be a good thing - real good when I make dat bitch wear a rubber Jim Crammer Mask.

AND I REALLY HAD SOMETHING SERIOUS TO SAY - WHERE BE MY MEDS? Lody lody lody - watch de dough nut and not de hole  . hmmmmm ....

Sat, 03/17/2012 - 23:01 | 2266411 Terrorist
Terrorist's picture

Dude, can I hang with you? You put Mad Mag to shame.

Sat, 03/17/2012 - 17:01 | 2265548 MsCreant
MsCreant's picture

Actually you are stuck in the middle with sIewie.

Sat, 03/17/2012 - 11:55 | 2264887 Shocker
Shocker's picture

Exactly, all this money printing and everything that has been going on is eventually going to come back and get us.

Destory the purchasing power, and nothing is going to make it.

Ashame to see what has become of the economy



Sun, 03/18/2012 - 08:08 | 2266845 Cadavre
Cadavre's picture

It already has. Heard the FED has allocated (did they release) 3 Trillion.

The FTSE open USD buy back and the FTSE close USD dump means the FX scam to "price up equities with USD exchange haircutting" never be sustained without Unka Bens Converted Counterfeits to refresh USD unit counts. When there is no hedge when there is no volume - when there are only sellers and no buyers -  how can the ponzi expect to make up losses on the turn around and show a profit.

Free money?

The margin requirements for both FX and equity trading accounts gets chewed up every cycle - nobody buying equities - the "more cash out than cash in model" has once again been demonstrated to be an unprofitable business model so they calls the Ben and we be hearing our perceptions are all fucked up. 

It a fake perpetual motion machine dat everyone tinks is really spinning round and round on its own making free money dat da CNBC guy say ibe falling from da sky ...  any day now ... yep - ... just wait and see - any minute now ...

Street smarts ain't what they used to be dat fer sure ....

Change you can believe in - is this how far we've fallen?

Sat, 03/17/2012 - 12:00 | 2264901 Bay Area Guy
Bay Area Guy's picture

Exactly right. The individual members of the red and blue teams talk a good game about caring for god and country, but their loyalty is primarily to themselves and continuing to line their own pockets. I never believed in term limits before, but I do now. I would also like to see political parties abolished. It's far too easy for the parties to pull the wool over the 99% of he people in this country that are more concerned with American Idol than they are about their future and h future of their families.

Sat, 03/17/2012 - 13:13 | 2265012 Marco
Marco's picture

It's not the parties which do that, it's money ...

Sat, 03/17/2012 - 14:18 | 2265127 TheFourthStooge-ing
TheFourthStooge-ing's picture

It is the parties which do that. Actually, it's the Party which does that, because the United States is a one-party system. The War Party stays in power by pretending to be two different parties and pretending to disagree on picayune issues. You'll notice, though, that there is complete agreement between these two "sides" on issues like campaign reform (talk big but do nothing), ballot access (make it impossible for anyone to get on a nationwide ballot if they're not a Party member), term limits (talk big but do nothing), big spending (put on a dramatic show and then spend more anyway), erosion of liberties (there's always something we should ban), the war on terra (we have to kill the Constitution or else it will die), financial shenanigans (pass some "strict" reform with loopholes pre-approved by lobbyists), and perpetual war (we have to defend our contributors from the war industry).

The difference between the "parties" is like the difference in American football between the AFC and NFC. When it comes to the bottom line, it's all just the NFL.

All the money does is grease the gears of the War Party machine.


Sat, 03/17/2012 - 13:10 | 2265008 Harbanger
Harbanger's picture

Both sides are the same is often said, especially by Democrats. And especially when they are in power. You don’t hear the term establishment Democrats often. Why? because they are practically all Establishment Democrats, Blue dog(conservative) Dems are like unicorns. Ron Paul chose the Republican party because there is some hope in the new momentum of the non-establishment Repubs. The Repubs are also more receptive to restoring a Constitution Govt. The Tea Party movement which promotes small Govt, low debt, low taxes, sound money etc…also chose the Republican party as their vehicle. It’s small steps in the right direction. The chances for third party candidates winning election to any office are remote, people are forced to make their changes to an existing party. It’s not so bad. Most countries have multiple parties and they get some soupy ineffective coalition Govt.


Sat, 03/17/2012 - 13:15 | 2265014's picture

Republicans show most definitively in their ungracious rejection of Paul that they are committed to continuing their long term strategy of taking long strides in the wrong direction.

Sat, 03/17/2012 - 13:56 | 2265093 Beam Me Up Scotty
Beam Me Up Scotty's picture

I'll vote for the Republican candidate ONE more time.  Whoever it may be because Obama is so bad.  But if they grow the gubbamint again, I'll never vote for another Republican again.  Saw an article about how Santorum is going to outlaw pornography.  Message to Rick---we have alot bigger problems than fucking porn.  Hes another big Nanny State "conservative".   Im guessing that there are alot of people---Tea party types that might feel as I do.  This is your last chance Republicans.

Sat, 03/17/2012 - 14:18 | 2265123 odatruf
odatruf's picture

Over my many years of being interested in politics and public policy, it has always amazed me that although ten to one people tell me they are fiscal conservatives and social liberals (or libertarians) that neither party can manage to target that sweet spot.  No doubt the many people who claim that hodge-podge of positioning can be put into one of the established camps, but doesn't it seem like a candidate who could credibly claim this ground would mop up the votes?


FFS people, stop supporting people who don't represent your views and interests.


Sat, 03/17/2012 - 16:07 | 2265401 Harbanger
Harbanger's picture

To say you are an economic conservative is to say you are a libertarian on 95% of the relevant issues. But to say you are a social liberal isn’t anything like saying you are a libertarian on 95% of social issues.

Social liberals are often quite aggressive advocates of using state power to impose their preffered versions of “liberty.” Most libertarians are disgusted by thought-policing political correctness, by forced “sensitivity” training, by so-called Hate Crimes tribunals and racial and gender quotas. -NR

Sat, 03/17/2012 - 16:36 | 2265457 akak
akak's picture


No doubt the many people who claim that hodge-podge of positioning can be put into one of the established camps,

Actually, it is the two so-called "established camps" who hold the "hodge-podge" of positioning, as I have always noted --- their standard, lumped-together political positions are a wild, contradictory, illogical mishmash, which I have always wondered how and why they came to be established as such in the first place.  In contrast, it is the libertarians (and only they) who are logically and morally consistent in their positions, those being consistently pro-liberty.

Sat, 03/17/2012 - 14:44 | 2265171 Cast Iron Skillet
Cast Iron Skillet's picture

I'm voting for Ron Paul even if I have to write him in.

Sat, 03/17/2012 - 23:21 | 2266452 StychoKiller
StychoKiller's picture

You're allowed to write in the candidate of your choice...

Sat, 03/17/2012 - 13:18 | 2265021 DosZap
DosZap's picture


The Republicans (with the exception of Ron Paul) are no different than the Democrats. Because Obama is bad, the Republicans should not be rewarded as they are as corrupt as the Democrats.

While I agree with you 99%, the 1%, is that OPbama has done more damage in a shorter period of time than ANY POTUS in history, and if elected again, you WONT beleieve it, even while its happening.

We have never had an openly Communistic/statist, bent on hurting Americans as much as his policies have

Sat, 03/17/2012 - 14:25 | 2265140 TheFourthStooge-ing
TheFourthStooge-ing's picture

I'm surprised that republicans aren't lining up to support Obama. He's just like Chimpy W. Bush, except he's more open about his machinations. Just because Bush kept his statist intentions more closeted doesn't make him any better. Look at the results, not the labels.


Sat, 03/17/2012 - 15:23 | 2265222 akak
akak's picture


If one were somehow ignorant of which pro-Fed, pro-Wall Street, pro-War puppet happened to be occupying the White House at any given moment, and had only the practical, real-world policies and actions of the presidency and the federal government to go by, they would almost certainly be forced to conclude that the same occupant of the White House from 2001 to 2009, and the same (Tweedledum-Tweedledee) party, was still in power today.

Sat, 03/17/2012 - 15:48 | 2265339 Libertarian777
Libertarian777's picture

but they ARE lining up to support Obama.

Remember, in the MSM they will SAY they are against Obama but when the rubber hits the road they'll vote on almost all the bills he approves of.

Sat, 03/17/2012 - 21:45 | 2266213 TheFourthStooge-ing
TheFourthStooge-ing's picture

Exactly. The republican side of the War Party is supporting Obama's campaign by propping up three unelectable candidates in the primaries and marginalizing the only candidate that can beat Obama. The "liberal media", from Fox News and NPR to Rush Limbaugh and Rachel Maddow, all play along as they're paid to do.

That is how the War Party will reelect Obama. In fact, the votes have already been cast. There are only two reasons the primaries and presidential campaign are even held. First, although believability is slipping, it still provides enough of a sheen of legitimacy to convince enough people that their opinions still count and that their government listens to them. Second, all the money spent on the campaigning is a great way to launder the heroin money from operations in Afghanistan by funneling it through Super PACs into shell companies set up as advertising and marketing consultancies.


Sat, 03/17/2012 - 13:50 | 2265082 DonGenaro
DonGenaro's picture

yep - we need a 2nd party

Sat, 03/17/2012 - 11:17 | 2264807 BobPaulson
BobPaulson's picture

My hypothesis is that the human mind spent most of its evolutionary time dealing with groups of about 100 people or so, and really is not equipped to deal with abstract concepts of billions of people. On a day to day basis, most folks relate to that small circle of friends they can juggle in their heads, while global issues are like the weather to prehistoric people. It happens to you and you deal with it and plan for yourself and family accordingly.

The smart ones employ empiricism and deduction to guide their choices, the fools rely on irrational and emotional beliefs for decision making.

Sat, 03/17/2012 - 11:53 | 2264880 BoNeSxxx
BoNeSxxx's picture

What follows below is not mine, although I wish it had emerged from my own head.  It's one of my favorite ZH posts and I think one of the most socially poignant ever posted here.

I never get tired of re-posting it.  Hopefully you never get tired of (re)reading it.  I think it was originally posted by Sean7K.  Enjoy:


The solution is not political. You are asking one group of politicians (2nd tier at that) to do what their 1st tier brethren are incapable of doing- act with honor and integrity to uphold the word and spirit of the Constitution. You want the lion to lay down with the lamb.

The people, as communities, are more capable of succession than the States. Like minded Americans, who believe in liberty are all that is needed. Succession is a state of mind.

In this whole world filled with an infinity of variables, where butterfly wings in Beijing create storms in the midwest, where every single human live lives of unique experiences- how is it that history continues to repeat itself? If every choice creates a new future and everyone makes different choices- why are the results always the same? 

Where is the evolution of thought? Why are we stuck on the same questions pondered by the Greeks and others? Why has society remained the same for the last ten thousand years? Systems of slaves and masters.

History repeats itself because the world is controlled and manipulated for the benefit of a special class. Religions become tools. Politics become tools. Economics become tools. Science becomes a tool. Education becomes a tool.

When the end result of all our technology, learning and philosophy is a failure to develop liberty and fulfillment or worse, the complete and utter intransience of a social system that has all the hallmarks of slavery being perpetuated forever, should we not question whether there is a source point that controls humanity?

Sat, 03/17/2012 - 11:58 | 2264895 DaveyJones
DaveyJones's picture

beautiful stuff

Sat, 03/17/2012 - 13:54 | 2265090 Sean7k
Sean7k's picture

Thanks! Must have been an "up" day

Sat, 03/17/2012 - 14:37 | 2265160 Eclipse89
Eclipse89's picture


Sat, 03/17/2012 - 15:15 | 2265241 PrintPressPimpin
PrintPressPimpin's picture

yes Faber and Martenson are both on the ball.  The way they cooly and calmly explain the issue is great..  I think especially the way Martenson presents his material is great for introducing this subjectto the willfully ignorant.  These two minds alone are on another level of enlightenment above anything our slimeball politicians could ever hope to.  Remember when he talks about these bufoons at the Federal Reserve callin themselves experts and the best and brightest.  They have never had to work a real day in their lives, the rulers are just completely out of touch with the general sentiment in the US and just how close to the edge we are.... Obomber 2012--->to the brink

Sat, 03/17/2012 - 13:57 | 2265094 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

wow the above 2 posts give me renewed faith in humanity

Sat, 03/17/2012 - 15:13 | 2265217 Amagnonx
Amagnonx's picture

As human beings, we tend only to one terrible flaw, our willingness to hand over responsibility to someone else, and therefore imbue them with authority over us.  If we would recognize that responsibility is not something you can delegate, and therefore no human authority is valid, we would stop falling in a hole.

Some regard God as an authority, and so long as they don't allow some man to act in Gods stead, to excersise that authority, then they do no harm - but thats rarely the case.


There is only one authority any man should allow, and that is Justice, perfectly imagined, concieved with solemn intent, and pursued with constant vigilance that our own imperfect nature not corrupt it.  This is the only cause, for which force is blameless, and with it, mankind may organize himself into a society to benefit all.


In my opinion the law should be as short and simple as possible, being the natural law, and known to all and excersised by the people on an equal basis, none having greater authority in its interpretation or execution.  That alone is sufficient to govern man, and no government of any other kind is neccessary.


With merely a statement of the moral law and a system to execute it (being jury of peers), and the enforcement left to all men of conscience willing to act under its authority to execute its just verdicts.

Sat, 03/17/2012 - 15:35 | 2265289 anonnn
anonnn's picture

 "History repeats itself because the world is controlled and manipulated for the benefit of a special class. Religions become tools. Politics become tools. Economics become tools. Science becomes a tool. Education becomes a tool."

A keen and effective analysis that suggests misuse of knowledge to destroy knowledge. All done to maintain the status of the privileged class which   created itself by passage of "private laws",  the definition of privilege.

Perhaps a restatement to further effectiveness:

"...History repeats itself because the world is controlled and manipulated for the benefit of a privileged class. Religions become tools to destroy religion. Politics become tools to destroy politics. Economics become tools to destroy economics. Science becomes a tool to destroy science. Education becomes a tool to destroy education."

Sat, 03/17/2012 - 13:06 | 2265003 Whoa Dammit
Whoa Dammit's picture


Excellent comment. I think that businesses can only deal with groups of about 100 employees, therefore the problems we have with big corporations and big government. 

Sat, 03/17/2012 - 18:38 | 2265795 BobPaulson
BobPaulson's picture

Thanks. Millions of years evolving as hunter-gatherers. Six thousand in agrarian concentrations with government by proxy. The brain hasn't adjusted to the breakneck speed of change.

Sun, 03/18/2012 - 03:30 | 2266679 AUD
AUD's picture

You underestimate the power of the brain. It is almost infinitely flexible in its capacity to rewire according to the circumstances a person finds themselves in & the number of neuronal connections allows an actual infinite number of possible behavioural outcomes.

It is the brains power to adapt to changing circumstance throughout life that has made the human race so dominant & also possibly so easily hoodwinked.

Sat, 03/17/2012 - 21:02 | 2266130 grid-b-gone
grid-b-gone's picture

You are speaking of Dunbar's number which is closer to 150 and has repeated itself as a truism across cultures and far back in time. 

It explains how we can feel empathy for a relative or neighbor going through a tough economic time, but rail against the "lazy" when the same type of person is part of a group drawing benefits.

Even the Amish send off splinter groups to establish in a new area when their numbers grow beyond the natrually 'neighborly'.

The concept supports moving as many decisions as possible down to the state level and below. Only universal functions such as national security and a few others can we collectively accept as a nation.

Large government is inconsistent with our evolutionary history.

Extending your point, I think modern mass media is the only force that keeps most people connected enough psychologically to allow big government. Regular face and name recognition seems to be enough of a psychological proxy for our desire for group connectedness. This, in turn, explains why money is so key to maintaining the status quo of big government.


Sat, 03/17/2012 - 11:17 | 2264809 myshadow
myshadow's picture

who is your choice?

Sat, 03/17/2012 - 11:28 | 2264834 john39
john39's picture

write in candidates of course.  for now, i'm leaning towards Vlad Putin.   image the impression it would create if a significant number of people wrote in a non-candidate's name...  Hell, I would even in write in a dead guy, like jimi hendrix....  afterall, dead people vote all the time in the U.S., so why can't a dead guy win?

Sat, 03/17/2012 - 11:42 | 2264857 Caviar Emptor
Caviar Emptor's picture

Hank The Cat is an active candidate for Senate in Viriginia this year.

Sat, 03/17/2012 - 14:57 | 2265191 MeelionDollerBogus
MeelionDollerBogus's picture

I'm torn... Hank the Cat ... Vermin Supreme ... Vermin Supreme is promising a pony for every American ya know

Sat, 03/17/2012 - 14:27 | 2265147 hamster wheel
hamster wheel's picture

He might be able to draw upon the support of the dead community, who at the last official count still make up 1.8 million of currently registered voters.

But my own inclinations would lean more towards that of the cat running for Senate in Virginia. If the aforementioned feline candidate were running on a national ticket, I might find myself favourably disposed towards its candidacy. After all, like ancient Rome, there has already been an (attempted) sale of a Senate seat (nee of the current President at that), so why not an animal? Did not an Emperor appoint a horse to the Senate? This at least would be democratic.

Sat, 03/17/2012 - 16:37 | 2265485 Strike Back
Strike Back's picture

Lol @ "choice." 

Sat, 03/17/2012 - 11:28 | 2264827 krispkritter
krispkritter's picture

There lurks in the mind of a Muppet no rhyme or reason, there's only a desire to know "Hey! Who's on Dancing With The Stars this season!?"

Most of my 'peers' are simply too bombarded with MSM crap and the crushing financial burdens they face to even notice or care. They get worked up over one headline and two days later can't remember why they even cared. The general apathy over politics and world events is epic in this country. I think we're back to the 1/99 %'s again; 1 percent care and want change, 99 percent can't tear themselves away from a glowing screen(no matter the size) to give a crap. I think it will have to get really, really bad before enough wake up(3%?) to start real change. Until then I just keep stacking(everything)...

Sat, 03/17/2012 - 13:11 | 2265010 Whoa Dammit
Whoa Dammit's picture

The plethoria of prescription drugs everyone is taking these days doesn't help with the apathy problem. 

Sat, 03/17/2012 - 13:17 | 2265018's picture

A damn is far better than a gram.

Sat, 03/17/2012 - 11:26 | 2264829 t_kAyk
t_kAyk's picture

"These days, the only time politicians tell the truth is when they call each other a liar."  ~ Alfred E. Neuman

Sat, 03/17/2012 - 11:59 | 2264897 DaveyJones
DaveyJones's picture

no wonder we're mad

Sat, 03/17/2012 - 12:19 | 2264927 Totentänzerlied
Totentänzerlied's picture

Because they don't agree with your premise. Facts are irrelevant to mainstream politics.

A good percentage of Obama voters are still staunch Obama supporters and they will endlessly argue against the claim that "he has done none of the things he was elected to do."

Don't ask me how or how it's possible, I don't know, but I've experienced it first-hand.

A muppet said to me that I'll-bomb-ya should be re-elected because he's now familiar with the job of being president and can utilize another term more effectively than a replacement could, because a replacement would need considerable time to learn how to be president... (Following this pragmatic line of [non-]thought, why not just eliminate all term limits and elect presidents-for-life!) This muppet also, in brilliant defense of I'll-bomb-ya's fulfillment of campaign promises, said, "I mean, he's done stuff..."

Such is the state of political discourse among the citizens of this country at this time.

Sat, 03/17/2012 - 13:01 | 2264997 InconvenientCou...
InconvenientCounterParty's picture

Don't confuse political discourse with voting for the best of 2-3 imperfect alternatives.

Whichever 2-3 alternatives you end up with will be mediocre and hated by 35-45%.

The haters know it deep down, but they get personal gratification from the hating and the delusion continues. Emotion always decreases human intelligence.


Sat, 03/17/2012 - 12:29 | 2264943 AL_SWEARENGEN

Unfortunately many Americans will vote for Obama again because he might be in an episode of 'Entourage' and other mindless reasons.  American propaganda is second to none.

Sat, 03/17/2012 - 13:10 | 2265006 CH1
CH1's picture

Fuck politics.

Sat, 03/17/2012 - 13:23 | 2265029 goldfish1
goldfish1's picture

Average IQ USA is 98. Tied at 19th worldwide.

The average American has an IQ of 98. The media is easily able to dupe average Americans.


Sat, 03/17/2012 - 14:21 | 2265135 odatruf
odatruf's picture

But, all Americans are above average so that's not important to us whatsoever.

Sun, 03/18/2012 - 09:39 | 2266918 Sean7k
Sean7k's picture

That is because it is an "average" with the mean being 100. You might want to study the bell curve and statistics in general. Further, the IQ test was  designed to measure the ability of someone to do well in college. Consequently, it is NOT a true intelligence test, but a test of a particular kind of intelligence.

There are many types of intelligence that are poorly measured by an IQ test: artistic, mechanical, athletic (hunting, survival, etc). 

The reason people are easily duped is universal: living in societies requires trust. If you question the organizational structure you will be cast out. Therefore, you trust the leadership or leave- tough decision for most people.

Sun, 03/18/2012 - 09:48 | 2266925 nmewn
nmewn's picture

Nice to see someone else pointing that out.

Some of the smartest people on earth would starve to death lost in the woods or electrocute themselves changing out a breaker because they seen Bob Villa do it on

Sat, 03/17/2012 - 16:21 | 2265446 malek
malek's picture

Never underestimate the power of stupidity.

Sat, 03/17/2012 - 20:52 | 2266099 WhiteNight123129
WhiteNight123129's picture

It will be time to buy real estate in the US when no financing is available so you have to have 100% of principal in cash. It happened in 2002 in Brasil , it happened in Argentina, Egypt etc... etc...

Sat, 03/17/2012 - 11:05 | 2264790 Hulk
Hulk's picture

I listened to this interview earlier, and I have only one question...

Got Gold ???

Sat, 03/17/2012 - 11:23 | 2264818 derek_vineyard
derek_vineyard's picture

If you have a secure place I think a huge cache of guns, ammo and survival gear will serve both purposes; survival and a tradable, negotiable currency.  A huge stash of weaponry is also an inflation hedge ...........unless you are uber-wealthy...why own gold when you can own hoards of weaponry?  (Plus its more fun to play with)

Sat, 03/17/2012 - 14:08 | 2265114 grey7beard
grey7beard's picture

>> .why own gold when you can own hoards of weaponry?

I bought guns and gold at about the same time.  The guns are worth a bit less than I paid for them, the gold has gone up about 70%.  Seems to me the choice is fairly easy.  Unless one is an avid hunter, more than a couple of guns, and a few dozen rounds of ammo are just silly.  If things broke down in this country to open violence, the average gun nut job in this country will be dead or seriously wounded before he pops off a dozen rounds in his survival weapon of  choice.  Lead does fly both ways.

Sat, 03/17/2012 - 18:26 | 2265770 derek_vineyard
derek_vineyard's picture

when the guns are needed...they will take the gold

Sat, 03/17/2012 - 11:06 | 2264791 vast-dom
vast-dom's picture

it's gonna get ugly, for sure...

Sat, 03/17/2012 - 11:27 | 2264832 krispkritter
krispkritter's picture

Agreed, but maybe not ugly enough, soon enough, to make positive change happen...I'm not holding my breath. 

Sat, 03/17/2012 - 11:16 | 2264804 Cursive
Cursive's picture





Central bankers = central planning = rampant inflation = financial repression

Sat, 03/17/2012 - 11:19 | 2264812 SilverIsKing
SilverIsKing's picture

You can really only protect yourself by being prepared, i.e. gold, silver, guns, ammo, food, etc, and try to educate others of the oncoming disaster.

Problem I've encountered is that most have their heads up their asses and can't be reprogrammed.

As much as I try to explain, implore, demand that they open their eyes, nothing happens. They think I'm the crazy one.

Sat, 03/17/2012 - 11:26 | 2264822 ArgentoFisico
ArgentoFisico's picture

Heh! I know that feeling

Sat, 03/17/2012 - 12:26 | 2264938 Teamtc321
Teamtc321's picture

I also know the feeling, but I won't forget either if shtf. Those who snicker now to better the system or to prepare will be the first remembered.

In other word's, fuck them. 

Sat, 03/17/2012 - 12:49 | 2264982 spinone
spinone's picture

What makes this so different than the stagflation of the 70's, or the race riots of the 60's?  Why is it all going to fall apart to barter, guns and mad max this time?  Things have been bad before, but the dollar system survived.

Sat, 03/17/2012 - 13:00 | 2264992 Ace Ventura
Ace Ventura's picture

Not sure if it will devolve all the way to Thunderdome, but the reason it is so different than the 60's or 70's is that the current crises is now totally global in scope. In other words, there is no safe haven left to run to. We are all locked in a race to the bottom, although it doesn't have that feel to it.......yet.

Sat, 03/17/2012 - 13:42 | 2265066 Whoa Dammit
Whoa Dammit's picture

You must be higher up on the corporate food chain than I am Ace, because I am definately sensing (and seeing) the race to the bottom. It's a slow paced race, but the nuances are there.

I'm a woman, and do all the food ahopping. There are very apparent changes at the grocery store. Costco on Sundays used to be as drink inducing as listening to Obama. Now it's only as crowded as a weekday afternoon. The nearest Walmart used to be overrun with immigrants, now they are almost all gone. And lot of women are now taking the same approach to food shopping as they used to do at the mall --picking stuff up, studying it, putting it back, etc. instead of just tossing stuff in the cart.  

The Goodwill Store, which has been packed for the last 3 years, with people having to park in the lot next door (and filling that one up too), now only has its own parking lot about 1/3 full. And it's not because  people suddenly have money and don't want to shop there anymore.

Look around your neighborhood,  and I bet you will see declines in how people are living. :-(.

Sat, 03/17/2012 - 14:27 | 2265148 odatruf
odatruf's picture

Whoa - can there not be another reason for what you perceive?  Could it not be that many people have simply decided that they just don't need all the shit they used to think they could not survive without? Costco, Wal-mart and the rest won't be pleased, but as far as I can see a reduction in the consumption patterns would be a wholly good thing in the long term although I recognize the short term pain it would cause.

Are you seeing real people struggling to lie or are you seeing people deciding that the 55" flat screen does the job well enough and that they don't need the new 65" one?  And it doesn't have to be expensive items like TVs.  Of the crap most of us have always bought and had, what do we really need?  Not too much of it, really.

Sat, 03/17/2012 - 19:26 | 2265888 dolph9
dolph9's picture

Not sure if you are living in the same America as I am.

In the podunk hinterland town where I currently reside, earning my fiat just like everybody else, the Wal-Mart is packed at all hours of the day.

Not saying they are prosperous, but they are definitely buying stuff.

Sat, 03/17/2012 - 13:24 | 2265031's picture

Rome eventual fell as did Spain and Britain and so on. This time it will not be different. The dollar will not last for an infinite period of time. No one can time the collapse of the empire but it will collapse.

Forget about Mad Max. Studies of skeletal remains show that those who lived immediately after the fall of Rome had better diets and longer lives than their predecessors. Freedom is good for you.

Sat, 03/17/2012 - 13:30 | 2265042 Marco
Marco's picture

More people, less oil.

In the end Malthus will be right.

Sat, 03/17/2012 - 13:38 | 2265056's picture

Malthus knew nothing about quadrotriticale.

Sat, 03/17/2012 - 14:04 | 2265103 Beam Me Up Scotty
Beam Me Up Scotty's picture

The tribbles ate it all.

Sat, 03/17/2012 - 16:42 | 2265499's picture

Perhaps Malthus should confine himself to prognostications on tribbles. Then he could continue to ignore the variables associated with human innovation and determination.

Sat, 03/17/2012 - 22:55 | 2266399 r00t61
r00t61's picture

I doubt Malthus could have predicted the Klingons either, hah!

Sun, 03/18/2012 - 00:48 | 2266578's picture

If Malthus had a tribble he could have used it to detect Klingons just as Kirk did when he revealed Darvin to be a Klingon spy.

Sat, 03/17/2012 - 13:47 | 2265075 AnAnonymous
AnAnonymous's picture

More people, less oil.


More people embracing US citizenism, less oil.

That is the situation.

But it is now classics to claim that people who do not consume a resource are a burden on that resource. Typical US citizenism.

The world population might decline, if the number of US citizens increase or stay the same, path to the bottom.

US citizen demand per capita is always increasing. That is what matters.

Not the three billion people who are out of the oil consumption. As they do not consume oil, they do not put pressure on that resource.

Sat, 03/17/2012 - 14:50 | 2265177 Tao 4 the Show
Tao 4 the Show's picture

You are boring - not enlightening. You add nothing with your bitter jealousy of that which you criticize. Most everyone sees through your shallowness. Good luck living out your last days in stolid ignorance, crying rather than contributing.

If you can manage to step out of your fragile fantasy world, I will be interested in what you have to say. Surprising how the humanity of sharing and admitting our mutual vulnerability, rather than distancing, gives meaning amidst the insanity of our times. Otherwise, your boring, non- contribution remains eternal.

Sat, 03/17/2012 - 16:54 | 2265528 akak
akak's picture

Hear hear!

Boringly and hatefully repetitious online trolls are a plague on constructive dialogue for which I wish there were a cure.

Sat, 03/17/2012 - 14:25 | 2265134 AustriAnnie
AustriAnnie's picture

"You can really only protect yourself by being prepared, i.e. gold, silver, guns, ammo, food, etc, and try to educate others of the oncoming disaster. As much as I try to explain, implore, demand that they open their eyes, nothing happens. They think I'm the crazy one. Problem I've encountered is that most have their heads up their asses and can't be reprogrammed."


And now that they know you are prepared, they will either:

A) Be at your door begging if tshtf


B) If you refuse to share with them, they will turn you into the "See something, say something" program like the evil speculating hoarder of essential resources that you are, just to get themselves a pat on the back and a reward.


Sat, 03/17/2012 - 15:33 | 2265290 PrintPressPimpin
PrintPressPimpin's picture

you can sit on a mountain of ammo and food which sure is hell of a better idea then what the neighbor is doing which is commute in a one ton truck to a desk job.  Or even better learn about your enviornment and the food that surrounds you.   I know between termites, shellfish, acorns and roasted fir bark if it really got bad you could eek out an existance.  Perhaps its not best to think you will be shooting large game and catching steelhead to survive. The pomo indians had this diet that is so diverse they are not believed to have never had starvation events even when sopmething like a failed salmon run or acorn harvest took place

Sat, 03/17/2012 - 17:17 | 2265592 kekekekekekeke
kekekekekekeke's picture

+1 foraging!

Sat, 03/17/2012 - 11:20 | 2264814 The trend is yo...
The trend is your friend's picture

Hot Air Balloon....Bitchez

Sat, 03/17/2012 - 11:22 | 2264817 ivana
ivana's picture

Consequences of printing are know but powerz are in full control (at least in western world) that's why we have "austerity", new oil wars campaign , absolute control of most of commodity markets etc

Powerz will extend and pretend enforcing stronger and stronger financial repression long enough until they simply expropriate all valuable assets within their reach. And they are also trying to "expand" reach.

On the way there they will create all sorts of miseries, wars, false flag attacks, organised hate campaigns etc etc

Anyway, very very bad time in history is coming

Sat, 03/17/2012 - 11:24 | 2264821 uno
uno's picture

Chris Martenson interview with Max Keiser

Sat, 03/17/2012 - 11:38 | 2264854 dick cheneys ghost
dick cheneys ghost's picture

Just watched that one..........thats some scary shit......

Sat, 03/17/2012 - 11:25 | 2264826 kraschenbern
kraschenbern's picture

Marc says:  "If you print money you don't create prosperity."  That's true, but existing wealth is transferred!  The first user of the newly money uses it at the (then) undiluted value of the dollar.  If it is used to obtain title to productive assets he thereby obtains a trading advantage (he purchased at a discount with money free to him); if it is used for "conspicuous" (possibly wasteful) consumption he has fun and burns wealth.  Presumably the U.S. Treasury is the first user and uses the new money to fund government programs.  

To the extent government programs build national capital we should, as a nation, be better off.  To the extent they are wasteful of capital we're worse off because capital is destroyed. 

This, I think, is the area where the citizens have not been attentive to the  necessary and proper functions of government.  "Promoting the general welfare" has morphed into "Insuring equal outcomes."  Be sure to vote this November.

Sat, 03/17/2012 - 11:38 | 2264855 Caviar Emptor
Caviar Emptor's picture

Those closest to the money spigot benefit the most. All the rest have to drink from the trough

Sat, 03/17/2012 - 13:26 | 2265034 goldfish1
goldfish1's picture

existing wealth is transferred!


Be sure to vote this November.

Diebold votes for you and me.


Sat, 03/17/2012 - 13:59 | 2265097 AnAnonymous
AnAnonymous's picture

That's true, but existing wealth is transferred!


And Smithian economics, (the core of US citizen economics)is all about transfering wealth from an exterior to an interior!

What a match!

Sat, 03/17/2012 - 11:31 | 2264840 Fix It Again Timmy
Fix It Again Timmy's picture

How many times has Bwana Ben made payroll in his career?  I rest my case...

Sat, 03/17/2012 - 13:39 | 2265036's picture

The answer is blowing in the down draft from the churning blades of Ben's helicopter along with a tumbling, turbulent mass of crisp Federal Reserve Notes.

<harmonica solo>

Sat, 03/17/2012 - 11:36 | 2264848 Ayn Rand
Ayn Rand's picture

"They are academics. They never go to a local pub. They never go shopping -- or they lie. But basically they are a bunch of people who never worked a single day in their lives. They’re not businessmen...."

This is the central point.   They live in isolated ivory towers and have no feeling for the person on main street.   The secretary of energy doesn't even own a car so what does he care about the price of gas.

Sat, 03/17/2012 - 13:29 | 2265039's picture

In Soviet America the Secretary of Energy drives you.

Sat, 03/17/2012 - 14:34 | 2265113 Sean7k
Sean7k's picture

Unfortunately, his central point is dead wrong.

They are not unfamiliar with life nor what they are doing. They are doing it intentionally. 

The whole purpose is the same as it has always been- since Rothschild scammed the market in London after Waterloo. Create asset bubbles in specific classes and when the time is right- pull the plug. An immediate transfer of wealth from the asset holders to the sellers. 

Central banks need the ability to set interest rates and control the money supply to effect these wealth transfers. Whether it is the depression of 1921 to rob the farmers of their gains from the war, the depression of 1929 to steal the equity profits and to send gold back to Europe, The marshall plan, constant wars, the tech crash or the housing bubble- it is all the same.

As our society builds wealth, the central bankers transfer it. 

This has nothing to do with ignorance or intelligence or capability- it has to do with criminal theft. The Central bankers and their proxies in government are the mafia. Faber should realize this and if he does- this just makes him another apologist for the bankers. 

Sat, 03/17/2012 - 15:01 | 2265197 traderjoe
traderjoe's picture

+1. Cheers to your Sean7k. nice to see you around these hallowed halls again...

Sat, 03/17/2012 - 17:59 | 2265708 Sean7k
Sean7k's picture

And to you TJ. Early spring and a farm keep me pretty busy...

Sat, 03/17/2012 - 11:37 | 2264850 Caviar Emptor
Caviar Emptor's picture

Inflation has always been the de-stabilizing weapon of choice for the upper classes when they're losing political power and status. By pulling the rug out form under the economy they can then cause radical political shifts born from widespread fear and discontent that sweep in their chosen pawns. Inevitably, the shift goes toward harsher authoritarian government which protects upper class wealth and power. Those with wealth and connections can sidestep the damage from inflationary destruction through a number of strategies like diversifying into foreign currencies (and real and paper assets), PMs, buying banks, and just holding on to what the've got until the storm passes. Most other citizens don't have enough resources to endure. 

Sat, 03/17/2012 - 11:46 | 2264868 WonderDawg
WonderDawg's picture

Well said, sir. Everything is going according to plan. For now. But the unintended consequences may yet fuck up the plan.

Sat, 03/17/2012 - 13:52 | 2265084 AnAnonymous
AnAnonymous's picture

No. US citizenism is all about middle class.

US citizen elite are lent way too power. They try to mitigate the consequences of a middle class based society. They manage, they do not lead.

They do what they can but the issue is that Earth is being collapsed by the aggregated demand generated by the middle class.

Check the emerging countries.What fear do they instill in the heart of US citizens? That they have an upper class? A lower class? No.

That they develop a middle class. That is what frightens US citizen middle class. Due to the additional aggregated demand that will follow.

Sat, 03/17/2012 - 14:40 | 2265162 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

No. US citizenism is all about middle class.

You have an interesting socio-economic theory. How does it explain the continually shrinking middle class in the US of A?

You can't ignore the fact that, as jobs dwindle and unemployment benefits run out, the middle class is sinking to the lower class.

But hey, ignoring facts is the way of socio-economic theoreticians. Such is the eternal nature of socio-economic theoreticism.


Sat, 03/17/2012 - 14:55 | 2265186 AnAnonymous
AnAnonymous's picture

I have? No. Simple statement of facts. And facts brought by US citizens themselves.

How does it explain?

Quite easily. Saturation. That stage of any expansion process.

US citizen middle class has been built through theft (eg in the US of A, the government stole Indian land to transfer to its citizenry and built on the middle class)

The conditions to maintain and increase the US citizen middle class are dwindling on a global scale.

As resources are lacking to meet the extremelly large aggregated demand generated by the US citizen middle class, well, this class has to diminish.

The tale that US citizens would overcome the environment is just a tale.

US citizens better their lot by stealing the environment of others. Simply not that much environment to thieve.

Sat, 03/17/2012 - 15:24 | 2265267 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

The conditions to maintain and increase the US citizen middle class are dwindling on a global scale.

As resources are lacking to meet the extremelly large aggregated demand generated by the US citizen middle class, well, this class has to diminish.

Please help explain something to me then in the context of these statements of yours. As you have stated, resources are dwindling on a global scale, and this leads to the diminishment of the US of A citizen middle class. Because resources are finite, this means that the long term trend for the US of A citizen middle class is forever diminishment, until it is so small that is has no impact on aggregated demand.

This indicates to me, by your own statements of the socio-economic theory of US citizenism that you are propagating, that the nature of US citizenism is not, in fact, eternal, but faces its end on the rocky shores of resource constraint. How do you therefore reconcile this observable fact with the component of your theory which claims that the nature of US citizenism is eternal? It seems like a contradiction, although I concede that perhaps it is my own US citizenism which is keeping me from understanding this clearly.


Sat, 03/17/2012 - 16:42 | 2265310 akak
akak's picture

I give you +1 for patience and civility, FourthStooge, but your efforts at logical and rational discourse are clearly already fruitless --- this chinese citizenism troll is clearly motivated and fueled by NOTHING but blind anti-American prejudice and hatred. 

His maniacal and ridiculous arguments in a recent thread, that the environmental devastation suffered by the Easter Islanders (which they brought on COMPLETELY by themselves before having their first contact with outsiders), and their subsequent decline due to European-introduced foreign diseases and Chilean slaver raids, were ALL the result and fault of what he blindly and hatefully calls "US Citizenism" --- when no American ship had ever even had ANY contact with Easter Island up to that point --- finally proved to me that this person is completely dishonest and disingenuous, and is doing nothing here but furthering his hate-filled anti-American agenda in every thread. 

According to this chinese propagandist, ALL evil in the world can be blamed on his mythical and nonsensical "US Citizenism", with the many egregious faults, authoritarian repression, imperialistic record against Tibet and currently toward Taiwan, and unprecedented environmental destruction of his own nation of China always being dismissed and given a pass. 

Your efforts here are noble, but you are attempting to plow the sea.

Sat, 03/17/2012 - 11:45 | 2264864 toadold
toadold's picture

Gold, silver, long term food storage, guns, ammo, that's all good. However probably even more important is a supportive community or group of friends.  You can trade serrvicees, group for mutual defense and etc. In other words you may need to go tribal or feudal. 

If you are a misanthrope like I am with only a few relatives who remember you from your good days, you may be SOL if you are by your self.  If it wasn't for tinfoil I couldn't function at all. 


Sat, 03/17/2012 - 14:21 | 2265131 grey7beard
grey7beard's picture

>> If you are a misanthrope like I am

We share that unfortunate classification.  I fear it gets worse with age and it's already bad.  I live on a remote little farmstead out in the sticks with my wife/partner.  She spends a greal deal of time and effort maintining contacts will friends and family from our past city existence and spends a great deal of time watching TV.  Fortunately for me, she also travels a good bit to visit friends and relatives.  My happiest days when she's away and I get to spend weeks/months on end out here, working the farm and garden.  My animals?  That's a different story, I worry about them endlessly when I'm away from them.  Life is interesting.

Sat, 03/17/2012 - 11:47 | 2264869 Gloomy
Gloomy's picture

We are all doomed. Time to get my gun and end it all

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