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"Europe Has Started The Endgame" And Biderman Says "The US Is Next"

Tyler Durden's picture




 

Charles Biderman (CEO of TrimTabs) is not shocked that "Europeans who have been getting something for nothing, want to continue getting something for nothing" as they chant that Austerity is evil. Charles provides context for the revolt that the Europeans find themselves fulfilling as he looks back at how they/we got here. Briefly covering the key aspects of the last 25 years, of why and how various parabolic growths (be it stocks, real estate, the internet, or debt) have led us to believe we "deserve something for nothing"; he vehemently argues that the European mess will not resolve itself until the fundamental belief that we all deserve to be taken care of from cradle-to-grave dissolves. In one of his best rants, the BLS-belittler explains how Europe has started the endgame and why the end of this year could well see the US move front-and-center in the crisis.  Harsh but fair, in a little under 4 minutes, summarizes all that is wrong with societal values and suggests catalysts for next steps - dismal next steps.

 

Warning, bring your security blanket before watching this - the truth may hurt...

 

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Wed, 05/09/2012 - 22:36 | 2412024 Rahm
Rahm's picture

Gold - check

Silver - check

Recliner w/popcorn - check

Wed, 05/09/2012 - 22:36 | 2412027 F. Bastiat
F. Bastiat's picture

Brass - check

Pb - check

Wed, 05/09/2012 - 22:40 | 2412040 Rahm
Rahm's picture

9mm - check

45acp - check

00buck - check

223 - check

308 - check

50bmg - check

Wed, 05/09/2012 - 23:13 | 2412109 THX 1178
THX 1178's picture

Check- Bounce

Wed, 05/09/2012 - 23:46 | 2412175 LetThemEatRand
LetThemEatRand's picture

Telling people they are fucked for wanting too much, while you stand atop your backyard overlooking the Pacific Ocean.  --Check.

Wed, 05/09/2012 - 23:52 | 2412182 Rubbish
Rubbish's picture

Jack Daniels - check

Raw Tobacco Leaves - check

Thu, 05/10/2012 - 00:07 | 2412213 Ahmeexnal
Ahmeexnal's picture

German Imperial family planned the rape and destruction of the eurozone:

http://www.dailymail.co.uk/news/article-2141496/German-government-forced...

The Germans seemingly knew they were driving the continent into a fiscal cul-de-sac but went ahead with it anyway.

 

Thu, 05/10/2012 - 00:18 | 2412228 CompassionateFascist
CompassionateFascist's picture

If so, good on them.

Thu, 05/10/2012 - 00:40 | 2412255 ChrisFromMorningside
ChrisFromMorningside's picture

Excuse me sir.

Discussion of precious metals investment, the European sovereign debt crisis, or firearms procurement are now banned as per Executive Order 666. As a federal employee of the Transportation Security Administration, I am authorized to enforce all Presidential directives. I'm unfortunately going to have to declare this discussion an unlawful assembly and ask you to move along, sir.

Thankfully, this being America, you have freedom of choice. You may: (1) continue your discussion in a federally-sanctioned Free Speech Zone. These are readily identifiable by their distinctive guard towers and 8 foot tall electrified fences. (2) join the rest of the investment community at the annual Berkshire Hathaway shareholder meeting, where friendly Mr. Buffet will pass out some ice cream bars and remind us that American prosperity is never-ending (as long as we maintain faith in Wall Street). (3) watch President Obama's groundbreaking historic speech in favor of gay marriage (which has nothing to do with poll numbers or the approaching election). (4) resist my directions, in which case I will be forced to call in a Tazer-enabled drone attack.

Thank you sir.

Thu, 05/10/2012 - 01:16 | 2412300 swamp
swamp's picture

Executive Order = Totalitarian State

The MASSIVE number of Executive Orders is nothing more than a DICKtatorship.

Thu, 05/10/2012 - 01:55 | 2412338 Oh regional Indian
Oh regional Indian's picture

The US is not next. The US is already in.

Its' the facade that will fall next.

Meanwhile, much to everyone's dis-like here, I do think they plan to pump India big time. In fact, remember how 2 months ago, everyone could now invest in the Indian Stock Market? Big, big sign. This is the next Pumper here. hillary was here 2 days ago. Meeting the NGO's, that is a BAD sign.

Perhaps a ZH India fund, with Tense Indian as the resident chartologist. Are you there Tense one?

 

Just a heads up, diversify here, it might be useful as a hedge.

ori

mt-whitney-to-tanggula-pass-obliquely

Thu, 05/10/2012 - 02:06 | 2412341 Michael
Thu, 05/10/2012 - 09:09 | 2412773 jus_lite_reading
jus_lite_reading's picture

.."Vote Ron Paul, Establishment Killer!" That is why TPTB will naver allow him to win. Don't fool yourself either, voting doesn't mean a thing in the USSA. As much as I do support Ron Paul I know that the corruption of the current gubmint stinks to high heaven and the GOP/AIPAC will continue to do everything in their power to make sure he won't make it. 

The other day, Romney said he will create 500,000 jobs PER MONTH if he is president... HOLY SHIT!! WHAT A FUCKING LIAR who doesn't have the slightest clue...

http://www.washingtonpost.com/blogs/fact-checker/post/mitt-romneys-new-normal-for-job-creation/2012/05/08/gIQAybrABU_blog.html

He tickles people'e ears... give them what they want to hear...

No need to mention Obama... his track record speaks for itself...

But I have comfort in knowing that whoever gets elected (probably Obama again) will have to deal with a total collapse of society in every way...

 

Game over!

Thu, 05/10/2012 - 05:35 | 2412491 imaginalis
imaginalis's picture

The shelter at the top of Muir Pass is nicer

Thu, 05/10/2012 - 07:51 | 2412604 BudFox2012
BudFox2012's picture

What a sad, sad post.  Not because you are incorrect, but because you are spot on. 

Thu, 05/10/2012 - 17:15 | 2414729 Problem Is
Problem Is's picture

"I'm unfortunately going to have to declare this discussion an unlawful assembly and ask you to move along, sir."

Yeah.... turn this one over to Eric "Empty Suit" Holder if you can find him... If he has even shown up for his first day at work yet...

TSA Guy: Put Me on the Domestic Terrorist Watch List

(1) What's left of our Free Speech Zone IS Zero Hedge...

(2) The Senile Taxpayer Bailout Welfare Queen of Omaha... please...

(3) Don't even get me started with that CIA created Wall Street puppet, corporate douche-hole Obama Bin Lyin' aka Barry Soetoro...

(4) That is your only statement I believe... seeing that your boss is incompetent, useless, typical peter principle, moronic, bureaucratic troll woman Napolitano...

No... Thank you sir...

Thu, 05/10/2012 - 00:47 | 2412264 ArrestBobRubin
ArrestBobRubin's picture

The "German Imperial Family" Right, so now we're back to WWI and Germans as The Savage Hun! Look at how easily misdirected some people are by even the most banal "media" treatments. One would think they'd have learned by now. And one would be wrong.

So what did you think the uk daily pail o' shite would say? That Square Mile banksters are really to blame? That "Chancellor" Kohl was their agent of influence in Germany, part and parcel of the post-war Anglo/American/Israeli banking syndicate who ran the place?

Need a bridge lad?

Thu, 05/10/2012 - 00:28 | 2412237 MayerRothschild
MayerRothschild's picture

Weed - Check

Beer - Check

Thu, 05/10/2012 - 03:56 | 2412433 THX 1178
THX 1178's picture

Four up and four down... Intersting, Zerohedgers... If you had said Cocaine - check, the wall streeters would have sent you up +100

Thu, 05/10/2012 - 17:18 | 2414741 Problem Is
Problem Is's picture

Weed you can grow...

Beer you can brew at home...

Cocaine? We don't need no stinkin' globalization...

Fri, 05/11/2012 - 03:11 | 2416413 MayerRothschild
MayerRothschild's picture

It was in jest... Kinda of like having popcorn wchile watching it alll...

 

Thu, 05/10/2012 - 03:23 | 2412414 The Navigator
The Navigator's picture

reusable canning lids - check

horse plows - check

Thu, 05/10/2012 - 05:44 | 2412493 scatterbrains
scatterbrains's picture

What are these reusable canning lids you speak of ?

Thu, 05/10/2012 - 07:16 | 2412553 valley chick
valley chick's picture

Tattler Reusable Lids

Thu, 05/10/2012 - 17:21 | 2414760 Problem Is
Problem Is's picture

In a world of scarce refrigeration...

Lids and jars are for:

Cold pickling and preserving...

If you have a Jersey... you could can butter you know...

Wed, 05/09/2012 - 23:53 | 2412186 CompassionateFascist
CompassionateFascist's picture

Only the very poorest of the Rich live in Sausalito.

Thu, 05/10/2012 - 01:58 | 2412339 Oh regional Indian
Oh regional Indian's picture

I lived in Marin County when I was totally broke. I did live the richest life ever. On no money.

Go figure.

ori

Thu, 05/10/2012 - 00:05 | 2412203 Barmaher
Barmaher's picture

That's the Bay, not the ocean.  I just checked...

Thu, 05/10/2012 - 00:11 | 2412217 LetThemEatRand
LetThemEatRand's picture

How incredibly uncouth of me not to distinguish San Fran Bay that is part of the Pacific, from the Pacific itself.  Touche.  Douche.

Thu, 05/10/2012 - 00:42 | 2412258 CompassionateFascist
CompassionateFascist's picture

Name calling won't save U......Randians and Reds will both be devoured. Literally.

Thu, 05/10/2012 - 00:54 | 2412269 RafterManFMJ
RafterManFMJ's picture

LetThemEatRand said: 

Telling people they are fucked for wanting too much, while you stand atop your backyard overlooking the Pacific Ocean.  --Check.

 

Like he didn't earn it, is that what you're saying?! He moved paper around with the best of them, and advised on paper and what paper would do. And don't forget, all his wealth, if held in paper, declined in value by over 20% due to inflation over the last decade.

Don't trash talk the man just because he surfed the Tsunami that washed away your false reality.  And did you not hear? His taxes are going up, while ours will not 'cause we don't have jobs. Clearly, we are the winners here.

Thu, 05/10/2012 - 01:12 | 2412293 jez
jez's picture

A cheap shot from LetThemEatRand, i.e. that Biderman is too rich for his opinion to be worth listening to.

Yet if Biderman were a homeless bum, someone else would say the very opposite: that he's not worth listening to because he's a financial failure.

So I think LetThemEatRand should tell us exactly how much money Biderman is allowed to have in order for his opinion to be valid.

BTW, as his bio on his website makes clear, he was forced into personal bankruptcy in about 1988. So I would guess he's seen some tough times.

Thu, 05/10/2012 - 05:58 | 2412501 grey7beard
grey7beard's picture

>> A cheap shot from

Pointing out they hypocracy of the mans spew is not a cheap shot.  I've been watching Biderman's videos lately and couldn't make it all the way through this one. The whole schtick of the wealthy and well to do are just fine but the little people who bought into they system, paid the regressive taxes, contributed to SS, saved their meager nest egg, are expecting too much is total horse shit.

Why is it not Biderman and Gates and Buffet, and Obama, and Bush, and Congress and the SC and corporte CEOs who are expecting too much?  They are the ones extracting a massive amount of material goods and services from the system.  The people who worked and did what was supposedly the right thing to do under our socio economic system, who are looking at getting totally shafted, are the ones expecting too much?  Fuck Biderman and fuck Munger.  Suck this up bitches.

 

Thu, 05/10/2012 - 07:48 | 2412599 jayman21
jayman21's picture

I almost stopped watching for the same reason.  He does mention your points above.  Watch the whole video.  It does not take away from the fact he is from the paper world.  I just recently joined the stacking world.  It will be a brave new world when the paper people do not know what to steal as the paper is worthless.

 

Some of the best thought exercises I have seen on youtube.  Add some blackswan and you will sleep well at night while this things falls apart.

www.thegreatesttruthnevertold.com

Thu, 05/10/2012 - 09:22 | 2412818 jwoop66
jwoop66's picture

True enough, but it was funny.      It was served up on a silver platter and rand took it.   

 

Thu, 05/10/2012 - 11:02 | 2413168 Seer
Seer's picture

"Like he didn't earn it,"

Which should bring us to eventually questioning the very notion of what "earn" means.  No, I'm not being coy or argumentative, but, really, I could say that the banksters "earned" their money.

When 2/3 of the world's population lives on $3/day or less I'd have to really question whether ANY talking-head (or, <insert the thousands of occupations that are predicated on non-reality here>) really "earns" anything.

I'm not bashing anyone for bashing the fucked up system.  I WILL, however, bash them for stupid predictions/"solutions" (of which "need more growth" is at the top of my list of to call BS on).

Thu, 05/10/2012 - 01:20 | 2412308 Joseph Jones
Joseph Jones's picture

Your paraphrase skill leaves something to be desired. 

He said, "wanting something for nothing", not "wanting too much".  

Thu, 05/10/2012 - 05:18 | 2412451 TWSceptic
TWSceptic's picture

Wanting something for doing nothing is not the same as having something by doing something. I know that is hard to get as a Rand hater.

Thu, 05/10/2012 - 08:59 | 2412752 Calmyourself
Calmyourself's picture

Abusing your employees while not allowing a union vote becasue you deserve more than them, your position; check..

Thu, 05/10/2012 - 09:39 | 2412879 Shizzmoney
Shizzmoney's picture

Not owning a mirror - check

Defending tax evaders - check

Blaming working and poor people for problems caused by champagne socialists, hypocritical bureaucrats, and corporate facsists intent on owning the world - check

The problem isn't the ideology....the problem is people.  Organisms are selfish.  Have been, always will be.  Why don't people fucking get this?

Thu, 05/10/2012 - 11:04 | 2413176 Seer
Seer's picture

Properly stated, except:

"Defending tax evaders - check"

Banksters and big corporations should be defended? (partial sarc)

Thu, 05/10/2012 - 14:12 | 2413989 Totentänzerlied
Totentänzerlied's picture

Ah yes, being jealous of those who have, because you have not. Oh wait, no you don't. You just don't have as much.

Perhaps you weren't paying attention, he said (no less than 5 times) something for NOTHING. Not "wanting too much". Troll harder?

The class warfare meme is a bit old, mmmkay.

Wed, 05/09/2012 - 23:16 | 2412116 NemoDeNovo
NemoDeNovo's picture

Primers - Check

Reddot Powder - Check

oh and

25 Costco Cases of TP - Check

That will be all

Nemo

Thu, 05/10/2012 - 00:02 | 2412201 j8h9
j8h9's picture

Yes. Costco is excellent resource for prepping... TP, Katadyn water filtration, cases of canned goods, gallons of milk jugs filled with water, heavy duty sleeping bags, tents, shelter...  The end may not be nigh but if it is, I will be prepared.

Thu, 05/10/2012 - 07:19 | 2412559 valley chick
valley chick's picture

Better yet ...make your own TP...2 pieces of fabric sewn together 5 x 7 terry/flannel

Thu, 05/10/2012 - 09:50 | 2412914 LFMayor
LFMayor's picture

get some pool shock for making bleach cleaning solution, so you can load the "diaper pail" and keep things clean.  Plus, it will give you a good source of water purification, too.

Storage is the only thing that I'm worried about.  I was thinking of using some big 2 quart jars I have to store bags, along with a freezer style poly lid.  Finding something non-reactive is the trick.

Any thoughts/experience on this?

Wed, 05/16/2012 - 00:29 | 2430377 ironsky
ironsky's picture

Aren't you going to need the cloth for wadding when you have to use black powder weapons.?

Thu, 05/10/2012 - 00:09 | 2412215 atomicwasted
atomicwasted's picture

My dad seriously believes he will be king after the apocalypse because of all the TP he has stashed away.  I am not joking.

Thu, 05/10/2012 - 00:13 | 2412221 Rubbish
Rubbish's picture

ha ha, tell your dad I will be using dirty shop rags. there will be no plumbing to worry about.

Thu, 05/10/2012 - 01:19 | 2412307 mcguire
mcguire's picture

or FRNs.. benjis, no less..

Thu, 05/10/2012 - 10:04 | 2412962 Element
Element's picture

Conservation of Matter states: If you don't eat, you don't shit.

He'll need a warehouse full of Baked Beans to go with the TP, if he's to realise a gain.

 

Thu, 05/10/2012 - 00:35 | 2412249 MayerRothschild
MayerRothschild's picture

Tell him I'll be using USD lol

Thu, 05/10/2012 - 05:52 | 2412499 A Nanny Moose
A Nanny Moose's picture

A porcelain throne, and a plunger scepter.

Thu, 05/10/2012 - 06:57 | 2412529 Freewheelin Franklin
Freewheelin Franklin's picture

Who needs TP when you have one of those nice Japanese "paperless" toilets with air dry?

Thu, 05/10/2012 - 07:46 | 2412595 DanDaley
DanDaley's picture

Buy real sponges for when the TP runs out -that's what the Romans used -oh, and lots of bleach -it's going to be a very dirty world.

Thu, 05/10/2012 - 08:42 | 2412705 Titan Uranus
Titan Uranus's picture

No sweat here - we have a couple thousand corncobs...

Wed, 05/09/2012 - 23:27 | 2412124 DaveyJones
DaveyJones's picture

vegetable seeds - check

100 year old skills - check

Wed, 05/09/2012 - 23:35 | 2412157 Hulk
Hulk's picture

gradle to crave, me thinks booze is also a checkster for old Biderman...

Thu, 05/10/2012 - 00:56 | 2412273 wandstrasse
wandstrasse's picture

hate to spoil the party, but TPTB are doing the same, just inverse:

loyal mass media - check

loyal mega corporations - check

fearful, passive, super easy brainwashable/programmable population - check

6102 reloaded in the drawer - check

huge police/military force - check

telescreens almost everywhere - check

etc.

Thu, 05/10/2012 - 01:16 | 2412303 ClassicalLib17
ClassicalLib17's picture

@ wandstrasse,  I got news for you,  once the paychecks stop flowing it's every man for himself.  Cops have families too.

Thu, 05/10/2012 - 06:10 | 2412507 10mm
10mm's picture

Soilders,period.Throw in some DHS goons for awhile.

Thu, 05/10/2012 - 06:44 | 2412521 o2sd
o2sd's picture

I've got news for you, you're wrong. Take a look around the world, dozens of military dictatorships to choose from. Not only do the military get paid, they get to fuck people over as a bonus.

 

Thu, 05/10/2012 - 09:03 | 2412759 Calmyourself
Calmyourself's picture

CL17, you would be amazed what a man will do for 3 hots and a cot provided for his family.

Thu, 05/10/2012 - 11:14 | 2413218 Seer
Seer's picture

As it already is, the "enforcement" will be paid above all else to slam the boot down on people's necks.  The media will reinforce this as "necessary" (i.e. "fighting 'terrorism'"), which only further adds to the enforcers' sense of worth as they continue to stomp.  And up to a point the stomping will go on as it will be the means of extracting their own paychecks; when, however, there's no more extraction to be had, and the masters have turned and run, THEN the enforcers will "realize" (as they find themselves abandoned by their masters and surrounded by the masses) that they were "wrong."

This is an old script.  No need to guess.

Wed, 05/09/2012 - 23:35 | 2412160 sunaJ
sunaJ's picture

"We know who the monster is."

http://www.liveleak.com/view?i=78d_1336614303

Thu, 05/10/2012 - 06:17 | 2412510 10mm
10mm's picture

Body Armor-Check

7.62-Check

.40-Check

10mm-Check

.45-Check

12 G Slug/00-Check

 

Thu, 05/10/2012 - 02:00 | 2412343 IrritableBowels
IrritableBowels's picture

bread-check

jelly-check

Wed, 05/09/2012 - 22:39 | 2412031 devo
devo's picture

But you can't eat gold.

Wed, 05/09/2012 - 22:42 | 2412044 The Alarmist
The Alarmist's picture

Uh, you can eat it ... you just won't digest it.

You can trade it nearly anwhere in the world for food, drink, sex, drugs, etc.

Wed, 05/09/2012 - 22:45 | 2412048 devo
devo's picture

Oh...I was just role playing the retarded Statist.

Wed, 05/09/2012 - 23:20 | 2412115 DaveyJones
DaveyJones's picture

we are not statists...

Thu, 05/10/2012 - 09:51 | 2412924 LFMayor
LFMayor's picture

We are Devo!

sorry, but it had to be said, just couldn't let it drift by.

Thu, 05/10/2012 - 00:02 | 2412199 bingo was his name
bingo was his name's picture

If you sew it into your clothes it will keep you warm in the winter

Thu, 05/10/2012 - 00:41 | 2412259 TBT or not TBT
TBT or not TBT's picture

It can be hammered very thin to pretty up the dried bones of everyone you love after they die one by one.

Thu, 05/10/2012 - 04:28 | 2412452 Jendrzejczyk
Jendrzejczyk's picture

Possibly the creepiest comment ever on ZH....+10.

Wed, 05/09/2012 - 22:46 | 2412051 Blammo
Blammo's picture

In small enough peices,of course you can

Wed, 05/09/2012 - 22:51 | 2412065 ihedgemyhedges
Wed, 05/09/2012 - 23:03 | 2412084 TheFantasticMonkey
TheFantasticMonkey's picture

How else do you get it across the border?

 

I recommend the small bars, BTW

Wed, 05/09/2012 - 23:09 | 2412100 Joe The Plumber
Joe The Plumber's picture

Do like i do and practice stuffing your asshole with AGE rolls. I practice often, but i want to state for the record i obtain no perverted pleasure from this.

Not that there is anything wrong with it

Thu, 05/10/2012 - 01:06 | 2412280 bigkahuna
bigkahuna's picture

talk about gettin' yer' shit pushed in! How about ya'll? Ya'll had yer' shit pushed in?

Thu, 05/10/2012 - 09:06 | 2412762 Calmyourself
Calmyourself's picture

MY trigger finger twitched during that scene.. I wanted so badly to see him bleed out.

Thu, 05/10/2012 - 05:56 | 2412500 A Nanny Moose
A Nanny Moose's picture

I shudder to think what advertisements adsense selects for you, when you visit ZH.

Thu, 05/10/2012 - 06:56 | 2412525 TGR
TGR's picture

Please don't tell us how many rolls you can pack up your sphincter.

Sounds like you'll be the next butt of a joke circulating A&E departments when you're forced to have your gold  surgically removed, offering up the old 'I slipped and fell on my AGEs when doing the housework naked' excuse.

Thu, 05/10/2012 - 03:37 | 2412422 The Navigator
The Navigator's picture

melt into deck cleats (molds) and spray paint bronze and then become door-to-door marine hardware salesman - or just put on your own boat

And if you see anyone scraping your cleats, hand them a anchor and push 'em off the dock.

Thu, 05/10/2012 - 05:58 | 2412503 A Nanny Moose
A Nanny Moose's picture

You've gotta work on that whole boating accident thing.

Thu, 05/10/2012 - 00:58 | 2412275 RafterManFMJ
RafterManFMJ's picture

Devo said: But you can't eat gold.

 

...and oddly you CAN drink colloidal Silver. Just had a tablespoon. I don't feel healthier, but I feel strangely wealthier.

Thu, 05/10/2012 - 01:30 | 2412316 Freddie
Freddie's picture

I can wear it.  Charlie Munger said I can sew it into my clothes.  This assumes that I am uncivilized.  

 

Thu, 05/10/2012 - 09:47 | 2412902 XRAYD
XRAYD's picture

Then buy an I-pad!

Thu, 05/10/2012 - 02:42 | 2412136 vast-dom
vast-dom's picture

only large zombie financial institutions deserve to be taken care of from cradle to grave. i guess the question is how long until they're buried......oh an increasing taxes is the last thing the gov should be doing if it doesn't want to hasten an economical collapse....

Thu, 05/10/2012 - 02:00 | 2412344 Dr. Kananga
Dr. Kananga's picture

Kababs for me, tho I better get used to popcorn.

One thing I've finally come to realize from reading ZH--the end will not come with a bang, except in retrospect, courtesy of future historians who are good at packaging up tidying explanations into neat digestable packages suitable for consumption by economic grads studying someone else's bullshit economic/political science theories in the late 21st century. (assuming that colleges still exist after 2050.)

The "end" is happening *right now*--in real time. This is what it looks like as you live it. It will not be televised.

And it's kinda slow, compared to your coffee pot. But it's most certainly heading in one direction, and one direction only. That's how you can tell. One direction only...

Wed, 05/09/2012 - 22:49 | 2412029 forexskin
forexskin's picture

As so well put by George Washington – “The great rule of conduct for us, in regard to foreign nations, is in extending our commercial relations, to have with them as little political connection as possible. Europe has a set of primary interests, which to us have none, or a very remote relation. Hence she must be engaged in frequent controversies the causes of which are essentially foreign to our concerns. Hence, therefore, it must be unwise in us to implicate ourselves, by artificial ties, in the ordinary vicissitudes of her politics, or the ordinary combinations and collisions of her friendships or enmities.”

except the international banks made the commercial political, as was evident long ago...

"The system of banking we have both equally and ever reprobated. I contemplate it as a blot left in all our constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens." Jefferson

"The president’s job - and if someone sufficiently vain and stupid is picked he won’t realise this - is not to wield power, but to draw attention away from it." Douglas Adams, who might have been describing the 'success' of 2008

don't forget to vote...

 

Thu, 05/10/2012 - 11:18 | 2413237 Seer
Seer's picture

This made me puke:

House Votes to Raise Export-Import Bank’s Lending Cap 40%

http://www.bloomberg.com/news/2012-05-10/house-votes-to-raise-export-imp...

Wed, 05/09/2012 - 22:40 | 2412035 trampstamp
trampstamp's picture

Euro porn. Check

Wed, 05/09/2012 - 22:49 | 2412058 CURWAR2012
CURWAR2012's picture

It will pay their bills

Wed, 05/09/2012 - 22:40 | 2412041 batz
batz's picture

 

Basic issue is that austerity cannot be implmented democratically because %50 or greater of the electorate in western countries depends on a government salary in their household: http://asportinginterest.blogspot.ca/2012/04/austerity-backlash.html

Further, this isn't a financial crisis, it's a political crisis: http://asportinginterest.blogspot.ca/2012/05/politicians-can-stay-irrati...

Someone is going to get it in the neck.

 

Wed, 05/09/2012 - 23:15 | 2412113 Joe The Plumber
Joe The Plumber's picture

Fine.

As things get crazy with the taxes and excessive intrusion we get to watch peoPle in europe go galt. It will happen exactly like anne rand wrote. Ypu tax me too much and intrude on my private life too much then i will quit producing in a way that can be taxed.

Greece is already doing like rome did before the fall. There is a minimum 5000 euro income tax on everyone. Ypu are presumed to be working even if u claim u r not. In rome you were taxed on what they thought u should be producing not what you actually produced and toward the end you were forbidden to leave the land or change jobs.

Anne Rande was drawing on historical parallels with john Galt. Fiction will soon come reality.

Thu, 05/10/2012 - 00:05 | 2412197 LetThemEatRand
LetThemEatRand's picture

Please just don't sacrifice any virgins at your creepy Ayn Rand shrine, okay?   

P.S. It's Ayn, not Anne.  She was Jewish.  Does that make you angry?  Just don't take it out on anyone, please.

Thu, 05/10/2012 - 00:08 | 2412209 CompassionateFascist
CompassionateFascist's picture

Only the ones living in Sausalito. Esp. Judin like Ayn, @ http://seductivejewess.wordpress.com

Thu, 05/10/2012 - 01:33 | 2412317 Freddie
Freddie's picture

Who was she havving an affair with? A Roth***ld.

Thu, 05/10/2012 - 08:02 | 2412629 smb12321
smb12321's picture

I don't think Rand was "havving" [sic] an affair with a Rothshild.  Jesus christ, how looney can people get?  Next we'll hear that Lincoln was a Martian. 

Thu, 05/10/2012 - 08:27 | 2412679 sleepingbeauty
sleepingbeauty's picture

No duh, vampire.

Thu, 05/10/2012 - 08:50 | 2412730 Titan Uranus
Titan Uranus's picture

No, no, it was a Venusian.  Or was that Othello?...

Thu, 05/10/2012 - 09:09 | 2412776 Calmyourself
Calmyourself's picture

Stragely not a martian, a Republican.. fascist..

Thu, 05/10/2012 - 00:17 | 2412224 InvalidID
InvalidID's picture

 

 Are you sure it's a 5000 Euro tax and not income tax on 5000 Euros minimum? If I remember right, and I could be way off, but the minimum tax is something like 500 Euros because they assume everyone, includng the unemployed, make 5000 Euros a year anyway. 5000 minimum income plus 10% minimum tax = 500 Euros.

Thu, 05/10/2012 - 03:38 | 2412385 Nero
Nero's picture

BF

Wed, 05/09/2012 - 22:44 | 2412046 The Alarmist
The Alarmist's picture

The Euro and American crises will be over when the last of 17 million Chinese troops have claimed their new homesteads in their future version of Lebensraum.

Thu, 05/10/2012 - 00:17 | 2412227 InvalidID
InvalidID's picture

There is no crisis and the politicos will spend every dime you have to prove it.

Thu, 05/10/2012 - 00:23 | 2412232 THX 1178
THX 1178's picture

The Americans are the Germans this time. Already in iraq afghanistan, libya, egypt syria... and soon to be IRAN. This is our lebensraum.

Thu, 05/10/2012 - 01:45 | 2412325 Freddie
Freddie's picture

One of the better newsletters explained it.  The wars and the phony Iran war is about trying to keep the dollar the reserve currency.   This is by bullying, threats and wars.  Iran wanting to set up an exchange to trade oil and other products between nations without using dollars is the reason for war.  Other countries are fed up with Ben's worthless green backs and the bullying.

This exchange is supposed to start before the Nov election.  If it starts - the dollar as reserve currency is screwed.  This is why people's kids are dying all over the world. 

The free printing press dollars since 1971 have been like magic beans for the USA.  In the late summer - those magic beans may revert to worthless paper that very few countries will want.  And Ben's sh*t green backs are all over the world in 3-D.

What is with Biderman's picture?  That is Sausalito and his office is or was in Santa Rosa which is not that close at all.  I would bet with 99% certainty that he and most of his staff voted for Obama.  Everyone in North Bay did.

Thu, 05/10/2012 - 01:49 | 2412333 InvalidID
InvalidID's picture

 I was going to leave this alone but I'm bored...

 

 Why do people always talk about the millions of Chinese troops like they are any kind of threat to the Western world. How the fuck are they going to get here, walk? Boat across the Pacific? 2 million guys makes for a pretty prime target. Maybe they follow the old silk road into Europe? How do you hide that from satellites?

 Just because the banks are broke doesn't mean missiles stop flying...and blowing up.

Thu, 05/10/2012 - 09:12 | 2412785 Calmyourself
Calmyourself's picture

I rarely take the time to explain, 2 million troops require troop transport. China cannot transport them to Taiwan much less the U.S.  If they load them on to containerships they will not make it out of port.

Thu, 05/10/2012 - 09:34 | 2412870 Chaos_Theory
Chaos_Theory's picture

When the correct sequence is sent via fortune cookies, hundreds of Chinese storm troopers will flood out of the back of all the Chinese restaurants across the globe, fueled by hyperpower egg noodles sprinkled with the fine powder of dead babies. 

Wed, 05/09/2012 - 22:45 | 2412047 CharliePrince
CharliePrince's picture

Unemployment-check

Social Security---check

Wed, 05/09/2012 - 22:50 | 2412062 CURWAR2012
CURWAR2012's picture

CHA-CHING

Wed, 05/09/2012 - 23:19 | 2412122 noname
noname's picture

This is what bugs me the most, is the misunderstanding of things but you cannot get SS and unemployment together,this makes it look as though the 2 can be accumulated at the same time but they cannot.

Thu, 05/10/2012 - 03:42 | 2412426 The Navigator
The Navigator's picture

not-for-much-longer ---- check check check

ANYTHING paper will be good for lighting a fire, not much more than that.

Wed, 05/09/2012 - 22:48 | 2412050 cherry picker
cherry picker's picture

I've been self employed for thirty years, had good times and the other, just making it.

Now I find myself at a place I never thought I would be in.

I don't expect.and  never wanted a government handout.  Always made my own way.

I have no clue what the future holds, but it ain't looking good for me and I see others a lot worse off.

Those who have had a comfy and overpaid entitlement job will find out like the rest of us what it feels like to go it alone.

Wed, 05/09/2012 - 22:53 | 2412067 Crimedog
Crimedog's picture

What exactly do you mean by "comfy and overpaid entitlement job"?  Does this infer government?  This may be true in certain areas of government, particularly at the state level, but even there, no one is just handed a job.  Everyone must apply to "earn" that job to some degree.

 

What does going it alone mean?  You started your own business?

Wed, 05/09/2012 - 23:34 | 2412152 forexskin
forexskin's picture

ha ha HA HA HAR - but i can't figure out where you'd put the /sarc..

Wed, 05/09/2012 - 23:47 | 2412176 Rubbish
Rubbish's picture

When you sign your own paycheck for 30+ years there is no such thing as a paid vacation. In fact there is no vacation, your always thinking how you survive next week, month or year. It takes a special breed to last that long and I will take him on my ops team anyday. Been there, doing it.

 

Cherry Picker - Check

Thu, 05/10/2012 - 01:51 | 2412335 Freddie
Freddie's picture

+1

Thu, 05/10/2012 - 00:19 | 2412229 Isherwood
Isherwood's picture

My buddy is our county,s Section Eight (HUD) Director. He is constantly trying to increase their budget because the more money they give away the more salary he and everyone in the department makes. I am a landlord and I have about 40 renters on Section eight. The ones WITH jobs get partial subsidies, the one without jobs get full subsidy, as in they don't pay a dime of rent. We had one chick the other day, when we analyzed her application, if you add up her subsidy, food stamps, disability, etc. she was making 24k for doing nothing. I know it ain't a lot, but I know a single mother of two that is a teacher that makes less....by the way, the renters who have the full subsidies are the ones who bitch and complain the most.

Thu, 05/10/2012 - 01:06 | 2412283 RafterManFMJ
RafterManFMJ's picture

True story. My one renter's 4 bedroom rents for $700 per month. HUD pays...are you ready? DrumRolllllllllllllllllllllllllll. $693 of that. She pays, or is supposed to pay, 7 dollars per month. Oh, and BTW, when I say HUD, I meant those who have jobs. Ain't life grand?

I expect if the economy implodes, there will be EMERGENCY LEGISLATION, one component of which will be you cannot evict anyone for non-payment of rent.  Now, banks will be able to evict for defaults on mortgages, but if you have a renter and they or HUD cannot make rent...well, comrade for the duration of the crisis, you are stuck.

Thu, 05/10/2012 - 05:14 | 2412482 StychoKiller
StychoKiller's picture

"Well officer, she tripped and fell down the stairs, guess she'll be in the hospital a long time..."

Thu, 05/10/2012 - 09:55 | 2412939 LFMayor
LFMayor's picture

Rafter Man, that's when you need to call on Ohio Blue-Tip movers.   Take the stand, if I don't benefit from it, then no one else does, either.

Strike anywhere, bitches!

Thu, 05/10/2012 - 03:44 | 2412427 The Navigator
The Navigator's picture

@ Cherry Picker

Same boat, same time.

Thu, 05/10/2012 - 10:30 | 2413064 Jani
Jani's picture

I'm with you, Cherry --

Been going it alone since 1984 when I opened a bar, ran that for 17 years and in the meantime and since have owned and operated a ceramic tile store and installation business -- and got married and raised two fine young men. That all ended about seven years ago when it became almost impossible to squeeze out a paycheck between government regulations and taxes -- got tired of busting my balls and then end up writing checks to the goverment and landlord. Since then, have been making a living hustling what I can both online and off -- never took a dime from any handouts -- nor would I want to.

I look up and down on Main st. here on Long Island and all I see is "for rent" signs. My hat is off to those (mainly immegrants) who are wiling toi take a stab and invest the dedication to do what it takes to run a retail operation -- you have to be willing to work sixteen hour days, sleep on a cot in the back room and wash up in the slop sink and then go back to work. That is the dedication that most sheeple don't have -- they rather the steady paycheck (which are hard to find these days) or go on unemployment and when that stops, disability.  

Off the top of my head, I can name five people playing the "send me a check" game -- and they are all capable of work. I'm going to puke in a bucket next time I hear one of them say "oh, I think I'll take the summer off then look for work come the fall." It's too easy to collect -- nobody checking to see if they are looking for work or going to the beach then to happy hour.

</rant> on my first ZH post

Wed, 05/09/2012 - 22:48 | 2412055 CURWAR2012
CURWAR2012's picture

Match the country with its economic health:

1. Japan A. Puberty

2. US B. Dying economy on the hospice with a morphine drip

3. Europe C. Undergoing exploratory surgery for cancer

4. China D. Had a successful organ transplant

5. BRIC E. Dead economy (managed by HMO)

Wed, 05/09/2012 - 22:48 | 2412056 MountainMan
MountainMan's picture

We're all fucked, check.

Wed, 05/09/2012 - 22:51 | 2412061 Paul Atreides
Paul Atreides's picture

NDAA - check

NDRP - check

CISPA - check

Fema Camps - check

450 million hollow points - check

 

Wed, 05/09/2012 - 22:59 | 2412082 The Alarmist
The Alarmist's picture

"450 million hollow points - check"

Can only be defensive, right? We don't do that sort of thing. Right?

Wed, 05/09/2012 - 23:21 | 2412132 Joe The Plumber
Joe The Plumber's picture

This is going to be fun watching history repeat itself. When the parasites threaten the life of the host then the host must remove the parasites or die.

The military industrial complex and bankers are equally parasitic in my eyes, equivalent to crack hos and people in disability and welfare

People goddamn work in third world countries and continue to grow their economies because they are very motivated by lack of safety net. He who makes enough to eat is successful and any honest labor is honorable

Thu, 05/10/2012 - 00:33 | 2412244 IAmNotMark
IAmNotMark's picture

Hey there Joe!!  Don't you be insulting the crack hos by comparing them with bankers. 

Thu, 05/10/2012 - 02:10 | 2412352 Bizaro World
Bizaro World's picture

What exactly are you insinuating Mr. Atreides?

All of the above is for your Protection. didn't you hear? There's a new underwear bomb, these are simply necessary measures for your safety.
(\sarc)

Thu, 05/10/2012 - 05:18 | 2412484 StychoKiller
Wed, 05/09/2012 - 22:50 | 2412057 kridkrid
kridkrid's picture

It's the monetary system, stupid.  While debt may have only recently gone parabolic, it's been tracking on the exponential growth curve since the 70's.  Economic growth has been a facade. The system is going to collapse and there is no such thing as austerity, really.... at least as it relates to reducing debt.  Austerity means reducing services so that governments can continue to make interest payments. It's retarded to think that austerity to going to balance a budget or pay down debt.  That ship set sail the moment we accepted that fiat money + fractional reserve banking + usury was a good idea. 

Wed, 05/09/2012 - 22:52 | 2412069 CURWAR2012
CURWAR2012's picture

"Economic growth has been a facade."

 

Correct. Just like Zyngas new frontier of Farmville that addicts play

Wed, 05/09/2012 - 23:29 | 2412142 Joe The Plumber
Joe The Plumber's picture

It is humbling to realize I wasnt really successful, but was born and worked during the largest credit expansion in history

Just like the german model was unsustainable. Real organic growth and surplus does not occurr when u must expand credit to ur customers equivalent to your increase in sales

Now we get to watch back end of the credit cycle.

Thu, 05/10/2012 - 00:02 | 2412198 kridkrid
kridkrid's picture

ditto.  At least we can recognize it.  Most will be hit and feel like victims... they won't know the score.

Thu, 05/10/2012 - 01:10 | 2412290 RafterManFMJ
RafterManFMJ's picture

Don't worry gentlemen, you'll get your chance to feel like victims when they come to rip your door off it's hinges and steal everything you have.  And my, what a plump, delicious 401K you have...can we holds it?

Wed, 05/09/2012 - 22:50 | 2412063 lolmao500
lolmao500's picture

“We are Preparing for Massive Civil War,” Says DHS Informant

“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNews host Rick Wiles.

“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”

Uprisings in Greece is, indeed, a problem, but an uprising of armed Americans becomes a matter of serious national security, a point addressed in a recent report by the Pentagon and highlighted as a vulnerability and threat to the U.S. during war-game exercises at the Department of Defense last year, according to one of the DoD’s war-game participants, Jim Rickards, author of Currency Wars: The Making of the Next Global Crisis.

He added, “It’s going to get so much worse toward the election, and I’m not even sure we’re going to have an election in this country. It’s going to be that bad, and this, as well, is coming from my sources. But one source in particular said, ‘look, you don’t understand how bad it is.’ This stuff is real; these people, the Department of Homeland Security (DHS), they are ready to fight the American people.”

http://blog.alexanderhiggins.com/2012/05/08/preparing-massive-civil-war-...

And the guys says the shit gonna start this summer. We don't really need this guy to know this... we all know the US (and the world) is heading toward economic collapse and massive civil unrest.

Wed, 05/09/2012 - 22:57 | 2412079 xela2200
xela2200's picture

Not to take away from what you are saying. However, I have to add that Russian Times tend to be very much an alarmist and anti-American, so I would take the news with a grain of salt.

Wed, 05/09/2012 - 23:03 | 2412094 lolmao500
lolmao500's picture

It's not from the Russian times.

Wed, 05/09/2012 - 23:16 | 2412114 fuu
fuu's picture

Are you serious?

Thu, 05/10/2012 - 01:56 | 2412337 Freddie
Freddie's picture

The military had a practice drill in the middle of the night with the cops near downtown Miami very recently.

http://www.infowars.com/media-characterizes-military-invasion-of-south-florida-as-cool-tourist-story/

 

 

 

Wed, 05/09/2012 - 23:24 | 2412125 Paul Atreides
Paul Atreides's picture

Leaked US Army Internment and Resettlement operations document here.

Check page 146.

IDENTIFICATION
7-16. Individual identification photographs are taken of all prisoners. The prisoner’s last name, first name, and middle initial are placed on the first line of a name board, and the prisoner’s social security number is placed on the second line. A prisoner registration number may be added on the third line. Two front and two profile pictures are taken of the prisoner. Fingerprints are obtained according to AR 190-47.

And page 56 

Plans and executes a PSYOP program that produces an understanding and appreciation of U.S. policies and actions.

And just incase you're wondering no they do not issue social security numbers outside of the US or to foreign combatants.

Thu, 05/10/2012 - 03:53 | 2412432 The Navigator
The Navigator's picture

That couldn't poissibly mean US then, right??? /sarc

Damn poor math on their side - 450 million rounds for 310 million citizenses when many 80k rifle owners have 2-3K rounds in their safes. They haven't done the math - typicall govt workers.

Thu, 05/10/2012 - 10:01 | 2412960 LFMayor
LFMayor's picture

Fools, these assholes know not what they do.  Just like Imperical Japan and National Socialist Germany.  They lived in echo chambers too, and then they got a Big Fucking Surprise.  

Once you've pissed off the Real America, your sack is in the twister.

Thu, 05/10/2012 - 04:57 | 2412472 Jendrzejczyk
Jendrzejczyk's picture

"As part of internment, these populations include U.S. military prisoners, and multiple categories of
detainees (civilian internees [CIs], retained personnel [RP], and enemy combatants), while resettlement
operations are focused on multiple categories of dislocated civilians (DCs)."

Thu, 05/10/2012 - 00:17 | 2412225 CompassionateFascist
CompassionateFascist's picture

...and a whiff of gunpowder.

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