This page has been archived and commenting is disabled.

"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...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/10/2012 - 00:37 | 2412251 Rubbish
Rubbish's picture

A true prepper only needs 3 things, just like a cowboy. A long Rifle, a bedroll and a good women to ride(screw the horse)

Wed, 05/09/2012 - 23:04 | 2412093 Crimedog
Crimedog's picture

You're a fool.  What is this?  When did ZH become an Alex Jones blog?

Wed, 05/09/2012 - 23:05 | 2412096 lolmao500
lolmao500's picture

You're a fool if you think the government is not preparing for economic collapse.

Wed, 05/09/2012 - 23:10 | 2412107 Crimedog
Crimedog's picture

The government's job is to prepare for ALL possible scenarios.  If any catastrophe happened and the government is completely unprepared, that's just poor planning.  We have fire drills on occasion in my office.  Is that because they are expecting a fire this year?

 

Doomsayers have been proven wrong over and over throughout history.  Why?  Because no one nows when sh*t truly hits the fan.

Wed, 05/09/2012 - 23:27 | 2412138 Paul Atreides
Paul Atreides's picture

And what possible scenario would the DHS need 450 million hollow point rounds of ammunition?

Wed, 05/09/2012 - 23:35 | 2412158 Joe The Plumber
Joe The Plumber's picture

Not for training.

Cheaper ball type ammo is used for training purposes

Thu, 05/10/2012 - 01:08 | 2412289 Uncle Remus
Uncle Remus's picture

Seriously?

Wed, 05/09/2012 - 23:28 | 2412144 Freebird
Freebird's picture

Where do you work Dog?

Wed, 05/09/2012 - 23:31 | 2412150 lolmao500
lolmao500's picture

My guess : DHS or TSA.

Thu, 05/10/2012 - 01:10 | 2412291 Uncle Remus
Uncle Remus's picture

They work there?

Thu, 05/10/2012 - 03:09 | 2412402 lolmao500
lolmao500's picture

No, they rape there.

Thu, 05/10/2012 - 10:13 | 2412991 Element
Element's picture

And let's not forget the 'emergency' rapid-weaponising of US UAV drones, with 11kg laser-guided free-fall bombs, with new and improved off-boresight capability ... just in case the propaganda fails and the people rebell.

Wed, 05/09/2012 - 23:33 | 2412151 lolmao500
lolmao500's picture

Ah the whole stupid excuse of ``it's just a drill``... LOL

Wed, 05/09/2012 - 23:37 | 2412154 DaveyJones
DaveyJones's picture

"The government's job is to prepare for ALL possible scenarios"....except for planes crashing into buildings

" Doomsayers have been proven wrong over and over throughout history"....almost as much as optimists

                                                                                                      .....except when they were right

Thu, 05/10/2012 - 00:22 | 2412195 Dapper Dan
Dapper Dan's picture

I am assuming Crimedog is an active peace officer, if so welcome to fight club.

Tell me CD when did your department receive the special radios from the DHS, with unusual band width that are to be used only during a “crisis”? 

If you belong to a medium to major metropolitan police or fire dept. you should have received yours in 2005 or 2006

And did you receive the list of approved news sources to watch during a “crisis” when police and fire dept. communication are compromised or disabled?

And when did you get the money to specifically spend on all that tactical gear, night vision, and this

http://www.dvorak.org/blog/2012/04/13/homeland-security-armored-vehicle/

hard to justify the use of that thing for traffic enforcement or as we say revenue generation.

 

Thu, 05/10/2012 - 01:25 | 2412312 Joseph Jones
Joseph Jones's picture

An active SFFD member told me during lunch a couple weeks ago they paid (with fed funds) $1200 each for plastic water proof bags for surf rescue radios (as if a regular zip lock bag wouldn't work).  They also purchased for huge cost several bullet proof shields.

Uh, how many uses do you think they'll find for those shields before the freshness date expires?

Our tax dollars, down the sewer.   

Thu, 05/10/2012 - 02:00 | 2412340 Freddie
Freddie's picture

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

As used in a military, local Miami police and Fed's drill last Monday night.   The local residents had no idea what was going on.

Thu, 05/10/2012 - 00:10 | 2412219 Isherwood
Isherwood's picture

Government paid trolls -check

Thu, 05/10/2012 - 00:30 | 2412240 MayerRothschild
MayerRothschild's picture

You ass/u/me the gov't cares about you...

Thu, 05/10/2012 - 00:48 | 2412263 XitSam
XitSam's picture

Do you want me to list the things the government has not prepared for?

Thu, 05/10/2012 - 01:12 | 2412292 Uncle Remus
Uncle Remus's picture

You mean besides the truth....

Thu, 05/10/2012 - 01:14 | 2412295 RafterManFMJ
RafterManFMJ's picture

No, I don't think they are preparing for an EMP attack or another Carrington Event. Don't think so. I think their myopia is for their own survival and that's only natural. It will be interesting to see how it all plays out, really. "May you live in interesting times."

Thu, 05/10/2012 - 03:10 | 2412403 lolmao500
lolmao500's picture

I don't think they are preparing for an EMP attack or another Carrington Event.

No way they are otherwise they would shut down/shield all the nuclear reactors... the elite at this point doesn't care, they think their bunkers will make them safe even if all the nuclear reactors in the world go into meltdown. Eh you morons, can you stay underground for the next few million years? Because that's what it's gonna take if all nuclear reactors go into meltdown.

Thu, 05/10/2012 - 09:45 | 2412898 Chaos_Theory
Chaos_Theory's picture

"can you stay underground for the next few million years?"

Maybe that's how they become Morlocks?

Thu, 05/10/2012 - 10:07 | 2412975 LFMayor
LFMayor's picture

yeah, exept the Morlocks actually worked and produced useful goods and services. 

Thu, 05/10/2012 - 10:05 | 2412971 LFMayor
LFMayor's picture

Crimedog, you fucking half wit.  We're not the 7th day Adventists,  telling you to sell the cows and walk to the local hill dressed in robes.

We're advising you to PURCHASE more ammo, gats an' other ill shit.  Because it's not up for debate when, but the fact that yes indeed, the shit is headed for the fan.

Wed, 05/09/2012 - 22:53 | 2412070 q99x2
q99x2's picture

They paid Greece off again and Asian central banks have entered the markets. 

Get out of the chair, put down the popcorn and get back to work.

Wed, 05/09/2012 - 22:53 | 2412072 narnia
narnia's picture

It goes Japan, then everyone else within days simultaneously, then bank holidays, then your bank deposits have SDR not $ next to them.

 

Wed, 05/09/2012 - 22:54 | 2412073 Fantasy Planet
Fantasy Planet's picture

With hotels on Illinois, Indiana and Kentucky Avenues, I feel confident I can ride this out. 

Thu, 05/10/2012 - 00:23 | 2412230 CompassionateFascist
CompassionateFascist's picture

Not w/o the Get Out of Jail Free card.

Wed, 05/09/2012 - 22:54 | 2412076 barkingbill
barkingbill's picture

i love this blog, but i completely disagree with the assumption that social benefits/policies are at the root of the current economic crisis. find the real enemy. 

Wed, 05/09/2012 - 22:59 | 2412087 CURWAR2012
CURWAR2012's picture

The social/policies are a large part of all government's debt, obviously. But more importantly is that all the debt is the same, regardless of where the funds are used. So when we pay Medicare and medicaid and VA benefits, and Social Security we act like we stimulate an economy which we don't since all the money "spent" must be repaid with interest! Ergo, we have a problem Houston. Leverage in the private sector becomes even more possible with Government transfer payments.

 

Wed, 05/09/2012 - 23:03 | 2412092 drbill
drbill's picture

The root of the problem is that the bankers were given the power to print money. Without taking that power away, nothing will be solved.

Wed, 05/09/2012 - 23:11 | 2412105 kridkrid
kridkrid's picture

Yup... symptoms, they are... not the cause.  Which isn't to say state driven social benefits/policies are a good thing... in my anarchist utopia social benefits would be private matters between like minded people.  But the pending disaster wasn't CAUSED by unemployment insurance or food stamps.  Distractions.

Wed, 05/09/2012 - 23:35 | 2412155 The Alarmist
The Alarmist's picture

"But the pending disaster wasn't CAUSED by unemployment insurance or food stamps."

Consider them to be the dry tinder that TPTB keep piling up before a long, hot summer. Something else will be the spark, but after that, will it really matter?

Thu, 05/10/2012 - 00:05 | 2412207 kridkrid
kridkrid's picture

Yup.

Wed, 05/09/2012 - 23:21 | 2412128 noname
noname's picture

agree

Thu, 05/10/2012 - 01:40 | 2412321 Joseph Jones
Joseph Jones's picture

I know of so many otherwise capable persons collecting disability it's not a bit funny.  The following is true:

Someone I know very closely has a best friend I'll call "A", who has an acquantaince who is a rabid church goer I'll call "B".

B is on disability for being morbidly obese (an "illness?").  The State of CA pays regular members of the public to clean Bs house.  So B offerred A the job.  A spent an hour or so cleaning Bs house.  B lies to the State of CA saying A spent about 2-3x as long working as A actually worked.  A gets the State check for too much money and calls B about the "error".  B tells A this is the plan, and A is to give B a kickback for the favor, and get As butt over here again for more "work".  A tells B no thanks and never works for B again. 

I swear I'm not making this up.

Another unrelated case: I know this other guy in CA who is on disability.  His main issue was he loves to get drunk.  But now the medical system got ahold of him, and you and I are paying for him to ingest about $20k/year in oxycotin.

Anyone who thinks the inmates are not running this asylum is just plain wrong. 

 

 

Wed, 05/09/2012 - 22:58 | 2412080 CryingBear
CryingBear's picture

I DONT SEE ANY DIFFERENCE BETWEEN THIS GUY AND THE HOMELESS BUM IN MY LOCAL PARK YELLING THE SAME STUFF OVER AND OVER. EXCEPT HE LIVES IN MANSION AND SOMEHOW GETS OTHERS TO GIVE HIM MORE MONEY.

Wed, 05/09/2012 - 23:01 | 2412091 CURWAR2012
CURWAR2012's picture

You should be a crying bear as you have no brain

Wed, 05/09/2012 - 22:59 | 2412085 Newsboy
Newsboy's picture

"The old ways are the best ways"

Mr Natural

Wed, 05/09/2012 - 22:59 | 2412086 LoCicero
LoCicero's picture

Obama's Gestapo is getting ready to fight the American people.  If you're a true American and haven't been dumbed down, brainwashed and emasculated, you should know what you have to do.

I would only add that if you're active duty, veteran or peace officer, you should join Oathkeepers and swear not to obey unlawful orders. See:

www.oathkeepers.org

(Anyone can attend meetings).

"Not on our watch."

 

Thu, 05/10/2012 - 02:37 | 2412371 Bizaro World
Bizaro World's picture

Most active duty and veterans already swore an oath to support and defend the constitution of the U.S. against all enemies, foreign and domestic. Those that are honorable will keep that oath. Unfortunately, just as in private sector, there are some that are less than honorable.

Thu, 05/10/2012 - 02:51 | 2412383 Bizaro World
Bizaro World's picture

Ahhh, hence the name and website....great org....sadly, I fear it is desperately needed.

Wed, 05/09/2012 - 23:02 | 2412090 ChacoFunFact
ChacoFunFact's picture

No fate but what you make.

Wed, 05/09/2012 - 23:15 | 2412110 El Tuco
El Tuco's picture

I really don't think Americans expect shit from the guberment or anyone else for that matter. I don't know where he gets this entitlement bullshit from?

 

All most folks really want is peace and to be left alone.

Wed, 05/09/2012 - 23:33 | 2412149 Dr. Engali
Dr. Engali's picture

You forgot your <sarc> disclaimer.  People might think you are serious,,,,,because we all know that Americans are on both ends of the spectrum are on the governmenrt hand out list  sqeezing out the middle class.

Wed, 05/09/2012 - 23:56 | 2412190 MayerRothschild
MayerRothschild's picture

I really hope that was sarcasm (although I do fit in that senerio)

I think these people might care about their handouts

http://www.zerohedge.com/news/two-charts-exposing-americas-record-shadow...

http://www.zerohedge.com/news/foodstamp-nation

Thu, 05/10/2012 - 00:29 | 2412238 CURWAR2012
CURWAR2012's picture

The stats don't lie. Everyone wants something for nothing. "why should I pay for it? Hell the government should pay for it"

Thu, 05/10/2012 - 00:34 | 2412245 MayerRothschild
MayerRothschild's picture

When the gov't 'pays' for it you pay for it

Thu, 05/10/2012 - 02:06 | 2412348 Body of Lies
Body of Lies's picture

50% of all Americans get some sort of government payment for doing ... Nothing.

I get SS, my wife get SS, my mother-in-law get SS for doing nothiing ... for just being old and contributing to the needs of the previous generation

48 million people get food stamps for doing nothing

Michelle Obama gets a 500 million vacation with 300 of her closet friends for doing nothing

and a few others:

FEDERAL GOVERNMENT CIVILIAN EMPLOYMENT     Total Function Employees     TOTAL - ALL FUNCTIONS 3,007,938 Financial Administration 128,114 Other Government Administration 25,361 Judicial and Legal 63,159 Police  182,573 Correction 37,589 Highways 2,941 Air Transportation 48,525 Water Transport & Terminals 5,010 Public Welfare 8,341 Health  158,439 Hospitals 201,323 Social Insurance Administration 68,757 Parks and Recreation 27,113 Housing and Community Development 15,397 Natural Resources 187,091 Nat Defense/International Relations 773,978 Postal Service 658,016 Space Research & Technology 18,540 Other Education* 10,218 Libraries 3,871 Other and Unallocable 383,582
Thu, 05/10/2012 - 18:29 | 2415117 blunderdog
blunderdog's picture

To show you really care, you could contribute your SS money to pay off the debt.  Be part of the solution, instead of part of the problem.

Wed, 05/09/2012 - 23:17 | 2412117 BlackholeDivestment
BlackholeDivestment's picture

...and it became illegal in Rome, before it fell, to quit working ...because it's welfare state became too big fail. Lol 

http://www.youtube.com/watch?v=CKZLBjwCVOE&feature=related

Wed, 05/09/2012 - 23:42 | 2412170 Joe The Plumber
Joe The Plumber's picture

Saying it was due to the welfare state is oversimplification. Lots of monopolies, barriers to capital and labor flows, debasement of the currency and loss of faith, and the roman bureaucracies were expensive to maintain.

When it reaches the point the average producer is getting abused by excessive taxes and falling standard of living then they leave or engage in black market commerce or return to subsistence farming. The city of rome and most urban areas of italy slowly depopulated in the third century. There was no opportunity and if u developed a business you were taxed tp the point that it wasnt worth it. You should read the third and fourth century roman historians

Thu, 05/10/2012 - 00:09 | 2412214 DaveyJones
DaveyJones's picture

See: modern Athens    well said

Thu, 05/10/2012 - 01:45 | 2412327 Joseph Jones
Joseph Jones's picture

Sexual perversion too: per Durant's books, Caligula ordered the Senate to participate in huge sexual orgies. 

I'm less sure, but IIRC he also cut a baby out of his sister's womb. 

Thu, 05/10/2012 - 10:51 | 2413124 Calmyourself
Calmyourself's picture

He also made his horse a General, I am sure before it is over the bamster will make his daughters Admirals and the wookie Chairman of the Joint Chiefs.

Thu, 05/10/2012 - 02:52 | 2412384 AnAnonymous
AnAnonymous's picture

Lots of monopolies, barriers to capital and labor flows, debasement of the currency and loss of faith, and the roman bureaucracies were expensive to maintain.

________________________________________________

Symptoms, not causes.

Thu, 05/10/2012 - 05:18 | 2412486 BlackholeDivestment
BlackholeDivestment's picture

... did not intend to oversimplify, just pointing out there is no need to read history, humor is on todays Front Page. Lol 

http://www.forumromanum.org/history/morey19.html ...I refer you to ZH, said the fractal voice of the past present an future.

 

....lost in a Roman wilderness of pain

          ...and all the children are insane 

http://www.youtube.com/watch?v=Hi6Ox_LXi_M

Wed, 05/09/2012 - 23:17 | 2412119 chump666
chump666's picture

he missed China:

 April to $18.4 billion, from $5.35 billion in March, and is significantly higher than expectations for a $10.4 billion surplus.

China's imports (consumption) has collapsed.

Bernanke sends inflation to Asia via QE3, prepare for war.

Wed, 05/09/2012 - 23:21 | 2412131 MayerRothschild
MayerRothschild's picture

He is selling them US Banks

Wed, 05/09/2012 - 23:19 | 2412127 MayerRothschild
MayerRothschild's picture

The U.S. is next?  It's already started...

Fed Clear's China's First US Bank Takeover

Wed, 05/09/2012 - 23:39 | 2412165 chump666
chump666's picture

The Fed are a-grade ass wipes.

Wed, 05/09/2012 - 23:53 | 2412188 MayerRothschild
MayerRothschild's picture

They are also pretty good at printing ass wipes... That's about all the USD will be good for...

Wed, 05/09/2012 - 23:31 | 2412147 besnook
besnook's picture

austerity now or austerity later. that is the choice. the circumstances could be different. they could bankrupt the banks, reset the monetary system and inflate modestly(greenback or gold backed style) to take some pressure off the starving masses or they continue to protect the status quo and the world is plunged into forced austerity while the war to end all wars is fought. please excuse the biblical hyperbole but maybe the second coming is the only thing that could save the world if the worst case is the reality.

blaming the free lunch as the cause is shooting the messenger. .gov is always to blame under the auspices(and control) of the banksters and corporate titans.

Thu, 05/10/2012 - 00:31 | 2412241 Joe The Plumber
Joe The Plumber's picture

Nobody is blaming just welfare unless you include military an bankers as welfare cases too, but when it is too easy not to work there are many people who will try to live off others.

In vietnam or china if you have a back ache you tough it out and go to work. Here in america and europe if you haw a backache you have every incentive to stay sick and avoid work. You are rewarded as long as you dont get better.

This is totally corrosive to public morality and partly contributes to our pending collapse, that and the people's belief they have a right to every expensive health care product and expect someone else to pay for it

Wed, 05/09/2012 - 23:42 | 2412171 nah
nah's picture

there are no rules, there are no laws, and yet there is money

.

AND WE WILL NEVER RUN OUT OF MONEY

Wed, 05/09/2012 - 23:46 | 2412179 world_debt_slave
world_debt_slave's picture

money for nothing and shiksas for free

Thu, 05/10/2012 - 00:07 | 2412183 Let em push you...
Let em push you around's picture

"Something for nothing?"  Shouldn't we be able to expect some fucking thing from industrialization, from our money being turned into confetti by the Federal Reserve, everyone in a household having to work, while suffering a reduction in standard in living simultaneously, in order to buy ever cheaper $hit we don't need from China, in other words more work for cheaper and more toxic shit?  We all know we can't expect any return on our savings, so the leach banks can rehab and charge us fees on our own money.  Should we expect better quality foods thanks to "science."  No.  Should we expect more free time, time to try and be human, as some predicted technology would yield us, No, we shouldn't.  I guess we should expect nothing for something, at least that's what the oligarchs and banking cartel seem to think.  More work, less pay, cheaper shit, less cures for diseases, more food additives, more radiation, less radiation monitoring, less food safety inspectors, higher taxes and on and on...

Thu, 05/10/2012 - 00:36 | 2412248 Joe The Plumber
Joe The Plumber's picture

Your sanitation free time and food safety is much higher than my grandparents had it. You are reaping the reward of improved productivity. When you say you should expect to get something more out of it who are you asking to pay for all these things you want, me? Your neighbor? Who is supposed to give u something for nothing?

The something for nothing fairy is just supposed to wave her magic wand?

Thu, 05/10/2012 - 00:38 | 2412253 JR
JR's picture

I found this particular description of “pink slime” by Richard Benson (Benson Economic and Market Trends) this past March to be especially descriptive of our declining standard of living as politicians and Bernanke’s mobsters incorporate America’s private market economy into a one-world hell on earth. Is this what Biderman means by "something for nothing"?

“Years ago we were more entertained by our government's actions because we were younger then and not threatened so much by their policy decisions. But now as we approach retirement age, we are becoming simply enraged and disgusted by the decisions made in Washington.

“First, there is no question that older Americans on fixed income are having a hard time finding the money to buy steak or live, as they say, "high on the hog", where you find the better cuts of meat. Now it turns out that the US Department of Agriculture has approved a 'pink slime' additive to ground beef. Pink slime which is a major ingredient of dog food is not beef but a salvage product rendered from fat waste trimmings and intestines still full of you know what. This rendered slime is treated with ammonia to kill the bacteria one finds in fecal matter, and 70 percent of ground beef at supermarkets contain it. It's the new hamburger helper direct from the US Department of Agriculture. We checked some cookbooks including those of Julia Child, Emeril Lagasse, Martha Stewart, Lydia, Rachael Ray, etc., and have yet to find one recipe calling for "pouring in a cup of ammonia while adding two cups of pink slime"........

“The purpose of using this ingredient is to make big bucks for meat processors and to lower the cost of hamburger. The government is delighted because it puts a lid on the price of hamburger and helps to keep the consumer price index down. Keeping the consumer price index suppressed is, of course, viewed as critical to the national interest. Pink slime is big business and there is just no way to police its use at restaurants where local operators are just out to sell a burger and make a buck. Indeed, selling "yuck for bucks" just seems to epitomize the American ethic today.

In addition to helping to keep the supply of red meat up and the prices down, Congress recently lifted a ban on funding horse meat inspectors, so now the USDA can help turn race horses and ponies into horse burgers and sausage for gramps. While it may sound disgusting to Americans, horse meat is sold as a delicacy and devoured in foreign countries along with cats, dogs, chickens, ducks, grasshoppers and lizards, which are all grilled and gobbled down. In Arab countries, dogs are particularly scarce as they are on the menu. So, as America becomes more international and less developed, in order to feed our poor people and retirees, it may only be a matter of time before you need to keep an eye on Rover, or he will end up as skewered shish-kabob on your neighbor's grill.”

http://www.sfgroup.org/articles/Pink%20slime%20horse%20meat%20and%20horse%20hockey%20investments.htm

Thu, 05/10/2012 - 01:22 | 2412309 RafterManFMJ
RafterManFMJ's picture

JR, let's not be naive; this is just how we deal with inflation - which we know is a spooky hobgoblin invented by Crazy Uncle Paul.  See, when I could no longer afford steak, I switched to hamburger. And when I could no longer afford that, next came disinfected cow shit. Next will be a shit sandwich, and then I'll live on Hopium and sunlight.  I think the BLS calls it hedonistic relativism. I call it delicious.

Wed, 05/09/2012 - 23:53 | 2412184 balz
balz's picture

This has nothing to do with "getting something for nothing", but about sharing the wealth. The taxes on the rich are insanely low, not talking about the lack of corporate taxes.

Honest money does not necessarily mean prostitution in favor of the ultra-rich.

We need to share the wealth.

Then, we'll talk austerity is needed.

But let's raise those taxes back to something more acceptable.

Thu, 05/10/2012 - 00:32 | 2412243 CURWAR2012
CURWAR2012's picture

Hey Balz, you have some balls talking like that. Why not call yourself nuts or testicles.

The economy does not grow by government transfers. If that was the case, the treasury would employ all of us and we would be just fine right?

Thu, 05/10/2012 - 00:34 | 2412247 CompassionateFascist
CompassionateFascist's picture

Here's some news U can use, U Red F**K: even the wealth of the Rich doesn't belong to the Gubmint: the only $$$ that belongs to any Gubmint is what it takes at gunpoint. I don't care about the Rich one way or another, except insofar as they pluto'd via crony capitalism. We have way, way too much gubmint. The debt-financed warfare-welfare state has had its day.  

Thu, 05/10/2012 - 00:40 | 2412256 Joe The Plumber
Joe The Plumber's picture

Balz believes in the something for nothing fairy. In his world he is entitled to benefit from the labor of others. They are supposed to gladly send him part of their paychecks

Thu, 05/10/2012 - 10:18 | 2412928 GoldenTool
GoldenTool's picture

I down arrowed you.  I read through this site every day or so and every time I see a stupid ass post like this I cringe at the fact you don't know your ass from a hole in the ground.  

According to your post above is he benefitting from someone elses labor or from productivity gains?  They are not the same thing.  The money is tied to the labor THIS is the problem.  An increase in prodictivity means the same amout or more is produced without the labor.  THIS should be an entitlement, but which unfortunatly gets eaten up by those at the top with crumbs for the bottom.  At this point and time there should never be a problem with a roof over a human head or food on the table nor should anyone be complaining about it.  There is surplus productivity which has made this happen and you are being to be pointed to a false problem and you are stupid enough to not see it.

Pull your head out of your plumbers ass dude.  Every time I hear this old school "you need to work harder" bullshit I cringe.  

Tie money to production and tax the shit out of it.  Then pay labor accordingly.  Labor will keep getting cut and production will keep going up which will equal the same amount or more product for less work.  This will happen until the resources run out and by then labor might as well be slaves as they have been robbed of work(the ability to earn) via higher production and with no available work (ability to earn) will be forced into peonage.  /If you want a good job go to college and make sure to take out enough student loans./sarc

That's where we are heading and you are to much of a dumb ass to see it.  Keep blaming the wrong people.  Keep pointing that finger.  Eventually people won't be able to pay you for your plumbing work.  They won't have the money to because they lost their jobs due to productivity cuts, but look around at all the houses, cars, and food.  Wow.  

All we need to do is work harder right... Fuckin a.

Thu, 05/10/2012 - 00:42 | 2412260 MayerRothschild
MayerRothschild's picture

Keep on robbing Peter to pay Paul?

 

Forced 'charity' is theft

 

 

Thu, 05/10/2012 - 01:48 | 2412332 Marco
Marco's picture

So is land ownership :) (Even with the batshit insane theory of homesteading the fact of the matter is most land was stolen at one point in time or another, so by now it's all stolen property.)

The moral right to taxation derives from the community allowing natural resources to be called property.

Thu, 05/10/2012 - 03:06 | 2412376 MayerRothschild
MayerRothschild's picture

Granted, most land was taken by force(war) or traded for shiny baubles at one time or another but to say it is my 'moral right to taxation' because of it?!

There are winners and there are loosers.  If I buy property from the winner I should be allowed to profit from it's natual resources as I see fit... Last I checked I didn't live on a commune. 

 

As for a 'moral right to taxation'...Being fined(income tax) to work is theft.

If you have proerty would you 'donate' any gold, silver, or oil you found on your property?

 

Keep robbing peter to pay paul and peter will stop working and expect the same entitlements paul is getting...

 

 

 

Thu, 05/10/2012 - 01:52 | 2412326 Body of Lies
Body of Lies's picture

 

Ah ha! Equity over Liberty

When tax laws favor a specific class of investors over another or grant special rights to one over another, I should have the Liberty to take advantage of those inequities in the same way that I would have the liberty to buy gold from someone who think it is overpriced.

We do not need to redistribute the wealth to promote Equity at the expense of my Liberty. What we do need to do is promote Equity in our taxes to guarantee Liberty to its payers. Simple:

1)    

Reinstate Glass-Steagal and claw back excess profits

2)    

Term  limit politicians

3)    

Prohibit political advertising (Fee Speech Amendment)

4)    

Eliminate political parties

5)    

Public fund equal voice political communications

6)   

End the FED

 

Thu, 05/10/2012 - 00:00 | 2412196 JR
JR's picture

It’s upsetting that misleaders of the people say that the Greeks choose not to have austerity. The truth is, the Greeks choose not to be slaves.

Most people don’t want “something for nothing”; they want justice. If politicians will tell people the truth, most people will cut back, they will live more frugally, if they get justice.

European politicians made a Faustian bargain with the bankers. Greece has socialism because the politicians, knowing socialism doesn’t work, made a pact with the bankers to supply the fuel and keep socialism going in exchange for control of their countries.

Some people, of course, particularly the public unions, are glad to accept the fruits of socialism…but the rest are saying, We don’t want these foreigners running our countries.

The Greek middle class is no more responsible for the years of Papandreou socialism than America’s middle class is responsible for Barack Obama’s socialism.  Socialism thrives on mob rule, on “democracy,” on the non-producers who can vote themselves the treasury. It thrives on corporations importing lower wage earners to displace citizens and allowing them to vote themselves the treasury. Someone - the people with property, the middle class, the people who have something others can take -- has to pay.

Greece is suffering from Keynesian socialism designed and executed by the bankers, the same as America. It thrives on mob ignorance.

George Papandreou was and is an international socialist, the scion of a Socialist dynasty whose father helped erect the sprawling Greek welfare state when he was prime minister in the 1980s. His son presided over the culmination of his father’s policies - "a sinking ship.''  He’s delivered up his country’s infrastructure to the bankers, just as Barack Obama is delivering up America to Ben Bernanke.

Papandreou as president of The Socialist International (SI) stressed at the UN summit in Copenhagen on December 18, 2009:  "At this time, we are observing the birth of global governance. We must, however, agree to an obligation and be committed to carrying this out.”

It is an error to blame this international conspiracy, outlined by Dr. Carroll Quigley in his book Tragedy and Hope, on the Greek people. People everywhere respond to the opportunities and the choices they are given; the bankers in Greece and Europe as in America keep the choices limited to “bankers win versus bankers win.”

Thu, 05/10/2012 - 00:40 | 2412202 AssFire
AssFire's picture

I am laughing my ass off here in Texas first at the video of the obvious, secondly business is BOOMING I am starting my 3rd corp. to avoid having more than 50 employees in either of the first two (ObamaCare) and finally that the entitled are the same unemployable people doing the crimes and the prison times (another huge cost)...but nobody can state the race in any news report.

Thu, 05/10/2012 - 01:24 | 2412313 Body of Lies
Body of Lies's picture

I'm sorry, but I think I would have to submit your statement to fact checking ... anyone running two companies with fifty people each, has no time to be extolling on ZH or any other blog

Thu, 05/10/2012 - 00:07 | 2412208 blunderdog
blunderdog's picture

Hoo-ee!   Dude is WASTED!

Thu, 05/10/2012 - 00:10 | 2412218 Tao 4 the Show
Tao 4 the Show's picture

Biderman has a flat view of the world, about what one would expect from hanging out in Sausalito. It's all logical if you first swallow his assumptions that the borrowing was done in a straightforward way. It wasn't. Massive corruption and interests other than the citizens' were at work. The people benefited little from it, if at all. Italians, for example, have grade C health care. Austerity can not, will not work by pretending the system is sane and then raising taxes on people to pay back the bad moves of bad leaders. SELECTIVE cutting is required and there is as yet zero will from any leader or even blabber like Biderman to deal with reality.

Thu, 05/10/2012 - 00:35 | 2412246 CURWAR2012
CURWAR2012's picture

"SELECTIVE cutting is required"

 

WTF? do you have a neuron?


Thu, 05/10/2012 - 00:52 | 2412267 Tao 4 the Show
Tao 4 the Show's picture

If you spend some time in Europe, you will understand. Italy, for example, is a productive place. People make things and most work hard. If only the government corruption were cut out, there would be more than enough funds to cover current costs, and this does not even get into the whole organized crime issue. Google government cars in Italy sometime. The roads are full of them - every politician with his own driver.

If you have a chance, travel a bit and learn something. Maybe you will sprout a neuron or two of your own.

Thu, 05/10/2012 - 00:28 | 2412239 msjimmied
msjimmied's picture

It's always the little guy who's painted as greedy, and wanting something for nothing. That's a damn lie, everything we've seen and heard in the last 5-6 years points at politicians and bankers. Their propaganda machine is working overtime, right along with this asshat from Sausalito or wherever..

 

http://www.rollingstone.com/politics/blogs/taibblog/austerity-cant-be-a-one-way-street-20120508

Thu, 05/10/2012 - 00:35 | 2412250 CURWAR2012
CURWAR2012's picture

The little guy is being craddled so that politicians and bankers can continue to get rich with financial rape. This was the New Deal my friend. This is why we need to end the FED and take the silver and gold pills.

Thu, 05/10/2012 - 01:21 | 2412306 Body of Lies
Body of Lies's picture

Sure we all agree with Matt's statement "... all of this is unsustainable. But if pain’s coming, it can’t just be regular people who pay", but making it happen is not in the cards. There is no political outcome that I can see ushering in any kind of approach that precludes the screw to the little guy.

Thu, 05/10/2012 - 01:23 | 2412310 Sandmann
Sandmann's picture

What exactly did Goldman and JP Morgan offer up to the American People in return for TARP funding and Fed funding and....and........what did AIG offer up.......?

Thu, 05/10/2012 - 01:17 | 2412301 aldante
aldante's picture

"There once was a dream called Rome....."

Thu, 05/10/2012 - 01:16 | 2412302 amadeusb4
amadeusb4's picture

The problem is that the people who got something for nothing are not the ones getting shafted by austerity!

If Biderman doesn't understand this then I'll rob his house and when he comes after me for doing so, I'll tell him that I craigslisted everything at firesale prices, spent the proceeds on hookers and blow and will now garnish his income to pay for the lifestyle I got used to in the meantime because you know... AUSTERITY! How's that for justice, Biderman?

Are people really that fucking clueless? Grow up.

Thu, 05/10/2012 - 01:20 | 2412305 Sandmann
Sandmann's picture

That is so very true !!!  It is simply eating the seedcorn and robbing the kulaks

Thu, 05/10/2012 - 03:24 | 2412417 Lednbrass
Lednbrass's picture

Exactly what austerity did anyone get shafted by? There have been no significant spending cuts anywhere in Europe or the US.

Got some hard data showing exactly what nations cut that shafted anyone? Not some unsourced bullshit article claiming hardship and anecdotal tales of woe- solid source with verifiable numbers. Even in Greece and Spain the cuts have been minute (low single digit percentage) and very little if anything has ever been cut at all.

Thu, 05/10/2012 - 04:47 | 2412461 Sandmann
Sandmann's picture

There have been no significant spending cuts anywhere in Europe or the US.

 

There have but not in overall totals

Thu, 05/10/2012 - 08:47 | 2412719 JR
JR's picture

Austerity depends on which side of the shaft you are standing.

“Only a banker would bask in the glory of absconding with hundreds of billions from senior citizen savers and handing it over to criminal bankers. Only a government bureaucrat would classify trillions in entitlement transfers siphoned from the paychecks of the 58.4% of working age Americans with a job or borrowed from foreigner countries as personal income to the non-producing recipients. How can taking money from one person or borrowing it from future generations and dispensing it to another person be considered personal income? Only in the Delusional States of America.” – Jim Quinn, The Burning Platform, The Fraud & Theft Will Continue Until Morale Improves (05/07/2012 ZH))

Fri, 05/11/2012 - 01:16 | 2416287 amadeusb4
amadeusb4's picture

How could you miss the 200,000 Greek public sector job cuts already enacted and the additional 150,000 cuts before the end of 2012?? This in a country with a labor force of less than 5 million. And who do you think all of these public sector employees were serving exactly?

Somebody's been sleeping in class!

Thu, 05/10/2012 - 01:37 | 2412319 BandGap
BandGap's picture

Biderman is the last fucking thing I want to view before going to bed.

Thu, 05/10/2012 - 01:36 | 2412320 BandGap
BandGap's picture

Biderman is the last fucking thing I want to view before going to bed.

Thu, 05/10/2012 - 01:48 | 2412329 Body of Lies
Body of Lies's picture

Sweeeeeet Dreeeeeeams

Thu, 05/10/2012 - 01:49 | 2412331 nearvana
nearvana's picture

This guy just said  that 500mln human beings got something for nothing.  Last time I remeber the EU had a positive net export so they actually did something.  But the fucking bankster black hole in the middle of our world is sucking every single penny the decent people worked for. Just the recent two LTROs were 1 trilion in six months.  And now blame the hard working people - what an useful idiot!!! 

Thu, 05/10/2012 - 02:16 | 2412354 headless blogger
headless blogger's picture

True. and it seems they want us all to forget what really happened and believe whatever they say.

Thu, 05/10/2012 - 02:20 | 2412356 The Swedish Chef
The Swedish Chef's picture

Something for NOTHING? Does this clown know how much they tax us here in Europe? By the time you´re thirty, you have paid so God damn much taxes it´s no wonder you feel you should get something back...

Why do the Tylers give this fat drunk the time of day? Is it the free content? Is he a paying customer?

Thu, 05/10/2012 - 02:24 | 2412358 dogismyth
dogismyth's picture

What a dipshit.  Biderman must be drinking some good wine thinking he's got it licked, and waiting for the show to begin.  I love it when people feel insulated and secure as if they have no skin in the game.  You know what I mean....some think they'll be on some mountain top watching the turmoil, hardship and suffering and will be uneffected by it all.  Like someone said previously, Biderman's made his name and wealth trading paper.  How productive and what a grand contribution to society.  I have higher praise for a craftsman who struggles day to day in the real world but is productive each day and earns a fair wage.

So, fuck the Bidermans in the world.  I'm sick of the rich fucks who think they have the answers and that they are not part of the problem or solution.  Its kinda like them saying....good luck, I hope you work it out.  We're set....and will wait to see how this plays out.

So I hope that feeling of being insulated from the real problems of the world works out well for you.  You might want to take a few self-defense classes along with a survival class or two before you pontificate your bullshit to your lackey audience.  Yeah...that be you folks who lapped this BS up and cheer the mother fucker on.

He cares not about the illegal wars, the killing of innocent lives (millions!!), the corruption, the fraud and all the other toppings that make this primate-devolving world what it is.  He's just another piece of trash that has contributed nothing besides bragging about how right he is and inferring how much more better off he is, even though he has contributed very little to societal progression to a higher level of humanity and goodness.

So fuck Biderman, and for that matter, fuck all you idiot gold bugs who really think you have secured a lofty position in the world because you have some useless yellow metal buried up your ass.  Perhaps you too ought to step out of the box, the paradigm, and realize how insecure and selfish a position that is also.  But, hey, its every man for himself.  That's how it works in your world and the world of Bidermans.  With that reasoning, that's  how we got here, and that's how we'll end. 

Thu, 05/10/2012 - 03:15 | 2412407 Lednbrass
Lednbrass's picture

So basically you have absolutely nothing to factually refute anything he said, and choose to whine because he doesnt spout a bunch of touchy feely bullcrap.  Sounds like he touched a nerve and you think it is up to others to care for you because Mommy said youre a special and unique snowflake.

So what do YOU think is the way out of the box for Europe o enlightened one? Have Germany write checks for everyone ad infinitum? Print currency day and night until it collapses? Continue to prop up the banking sector with conjured up currency? Continue an extensive social welfare system with conjured up currency while debt rockets? Kill rich people and take all their money, then put it in a pile and divide amongst you and your friends? Got anything beyond "Boo Hoo, everyone is a big meanie"? Biderman is right- there is no way out anymore for Europe or the US, we are heading into a box canyon and there is no direction that can be taken any longer that doesnt lead into a wall.

Societal progression to a higher level of humanity and goodness? This boils down to cold hard math, not widdle feewings. For your sake I hope you are an 8 year old girl or urban Californian because that Disney Channel/Nickelodeon infantile worldview doesnt get taken seriously anyplace else. Feel free to sing Kumbaya, but at this point anyone with functioning neurons should be considering what they will do when the wheels come off.

Perhaps you should step out of your dream world and stop waiting for somebody else to take care of you.

 

Thu, 05/10/2012 - 02:28 | 2412360 ebworthen
ebworthen's picture

The dual hydra - "free market captialism" and entitlements.

The Western World has neither.  If I paid into it for 40 years give me what you promised, not a bonus to fucking banksters.

If you can't pay it don't promise.

If you gamble and lose - don't pass your losses to me and my grandkids you fucking parasites.

If you believe in free market capitalism make the market free and prosecute fraud up to and including hangings for defrauding generations of their savings.

Thu, 05/10/2012 - 02:30 | 2412361 Bunga Bunga
Bunga Bunga's picture

I only watch the ads left and rigt. The surfer girl is what really matters. What's her name?

Thu, 05/10/2012 - 02:29 | 2412362 Quarky Gluon
Quarky Gluon's picture

The only reason there is a need for austerity in the first place is because governments are not allowed to print money to pay their expenses.  They either have to get the money from tax revenue or borrow it.  It doesn't have to be that way.  The public treasury should be able to print money in a controlled manner for government projects, but only if the money goes directly to a vendor for some good or service with a value comensurate with what they are charging.  Then there will not be a problem of getting something for nothing and the money supply will only be growing according to the growth of the goods and services in the economy.    

Thu, 05/10/2012 - 02:41 | 2412373 slackrabbit
slackrabbit's picture

I thought he was talking about New Zealand, uuhh OZ, I mean the Uk, The US...ooohh Europe right!

(Its getting so hard to tell...)

Thu, 05/10/2012 - 02:51 | 2412381 katchum
katchum's picture

By the end of the year, the debt ceiling will need to be increased, so focus will come upon the U.S. once again.

Thu, 05/10/2012 - 02:58 | 2412391 headless blogger
headless blogger's picture

I don't believe this guy. The scam was more than just a bunch of "lessers" buying something they couldn't afford. It was pretty obvious they used these ridiculous mortgages, many without usual requirements...like job verification, etc. to mask their scam and fraud to bring about a financial Coup d 'etat.

Biderman is getting people primed for the 2nd phase of their global scam they will eventually have the solution for.

He is repeating what is commonly being spread around the internet...it's always the people, never the central banking.

The same people, groups, that designed the welfare system and other socialist-like programs decades ago, then turned everyone into consumers, then to capitalists, then into fascist flag and war cheering people, are the same people that now want to push austerity measures on everyone, and their latest ideology of choice is libertarianism.

Thu, 05/10/2012 - 03:24 | 2412412 wisefool
wisefool's picture

Casinos are really good at offering high quality food at a price that poor people can afford ...

Thu, 05/10/2012 - 03:44 | 2412428 Zero Govt
Zero Govt's picture

"..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."

the default setting for that statement is (to blame) the people

but are we not actually talking about the politicians who made those sugary promises?

...and are we also not talking about bankers who can print money from nowhere, leverage peoples deposits, create credit/debt bubbles and enrich themselves for decades based on 'paper work' (alchemy?) only for taxpayers to pick up the bill of their fraudulent games?

the buck stops with the terrible twins of politics and banking, not the people, who've wrecked nation after nation for Centuries with their greed

Thu, 05/10/2012 - 04:43 | 2412459 Sandmann
Sandmann's picture

One might say until Reserve Ratios in Banks return to Sanity nothing will change.

Having trusted a Safe Bank with MY money in the form of THEIR EQUITY Base I resent the fact THE MANAGEMENT destroyed 90% of MY Capital and stopped paying Dividends so they could spend on BONUSES.........so I understand what he means when he says  the fundamental belief that we all deserve to be taken care of from cradle-to-grave dissolves.  Can we start shooting Bankers now ?  Silver bullets perhaps ? Or Garlic ?

Thu, 05/10/2012 - 04:23 | 2412446 TWSceptic
TWSceptic's picture

A government big enough to give you everything you want, is strong enough to take everything you have. - Thomas Jefferson

A government which robs Peter to pay Paul can always depend on the support of Paul. - George Bernard Shaw

Thu, 05/10/2012 - 06:18 | 2412513 taeonu
taeonu's picture

The government doesn't need to rob Paul to pay Peter.  They could just provide the currency neccessary for Paul and Peter to take care of themselves instead of borrowing it from banks at interest and then allowing them to game the system using leverage and fractional reserve lending to inflate and deflate the economy at will and then using the government to tax Paul and Peter to bail them out.

 

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

– President James Garfield

 

 

-------------

‎" I believe that greed and competition are not a result of immutable human temperament; I have come to the conclusion that greed and fear of scarcity are in fact being continuously created and amplified as a direct result of the kind of money we are using. 

For example, we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. The scarcity is in our national currencies. In fact, the job of central banks is to create and maintain that currency scarcity. The direct consequence is that we have to fight with each other in order to survive."

- Bernard Lietaer, Founder of the EU Currency System

Thu, 05/10/2012 - 04:58 | 2412474 Freewheelin Franklin
Thu, 05/10/2012 - 07:03 | 2412535 marxist
marxist's picture

Since when did working taxpayer contributions into the fiscal purse amount to nothing? The fact that these monies are used to wage wars and prop up bank balance sheets is no fault of the working man and woman.

Thu, 05/10/2012 - 05:48 | 2412497 taeonu
taeonu's picture

Wanting something for nothing.

 

Fractional Reserve Banking -check.

Thu, 05/10/2012 - 06:00 | 2412504 Overdrawn
Overdrawn's picture

It isn't something for nothing, Europeans have National Insurance Contributions deducted from each pay check they receive to pay for cradle to grave support.   

Subprime loans, massive fraud and psycopathic bankers/politicians/CEOs are the reason we are in this mess.    Why does nobody talk about Iceland?  

The Plutonomy/Precariat system has to end, it is unfair, corrupt, unsustainable and totally unethical.

Chomsky: http://www.alternet.org/story/155329/chomsky:_do_we_have_the_makings_of_a_real_revolution?page=entire

Thu, 05/10/2012 - 06:44 | 2412520 GeneMarchbanks
GeneMarchbanks's picture

Misleading since that Chomsky piece was from a speech given last year. Those who are involved in this movement seem to be the only ones who believe it is having an affect on anything.

On Martin Luther King, Jr...

"He got the peace prize, we got the problem.... If I'm following a general, and he's leading me into a battle, and the enemy tends to give him rewards, or awards, I get suspicious of him. Especially if he gets a peace award before the war is over." --Malcolm X
Iceland is a rock in the North Atlantic with 300K Scandinavians living on it - that's why no one talks about it.
Thu, 05/10/2012 - 06:18 | 2412511 marxist
marxist's picture

This is absolutely outrageous. These people work, pay their taxes and expect their pensions and such like...after all it is their money from their labour. And they are harangued for these expectations whilst capital is vastly subsidised by tax payer funded state infrastructure. This is rather rudimentary stuff. The fact that the subsidisation of banker gambling is with the monies extracted by austerity is thus disguised is even more lamentable.

Communities such as states are paid for by taxes from workers. Berating them whilst stripping their contributions away from them leaves me speechless.

Thu, 05/10/2012 - 06:17 | 2412512 belogical
belogical's picture

Several problems Charles.

First, I would say the debt build up was possible because of fiat money and most westerns had no idea what it was., they were working.

Second, most of the choices that have been made, have been made by a handful of people who control virtually everything from the media to who the candidates are, so to blame everyone is superficial.

Third, you yourself have derived your income off others sweat. What have you produced, your entire living has been parasitic. 

Fourth, I did not see austerity or even capitalism aplied in 2008 to the banking system. Do you relly believe it is fair for a handful of us who have paper assets to get the benefit of trillions in FED spending and then say to others, sorry you have to cut back and by the way send us your children so we can have them die in a foreign land, so the elite can continue skimming off the productivity of the worlds resources and people.

The list could go on, but the idea is Charles your just as much to blame as anyone else.

Thu, 05/10/2012 - 10:11 | 2413000 blunderdog
blunderdog's picture

It's true, the rentiers don't have a lot of credibility with the whole "something for nothing" critique.

Thu, 05/10/2012 - 07:02 | 2412534 groundedkiwi
groundedkiwi's picture

the truth. most of us believed our taxes were for the good of all. realty is , our taxes are paid to protect TPTB. 

Thu, 05/10/2012 - 07:14 | 2412552 marxist
marxist's picture

Irrespective of what capitalists do with these taxes. They are handed to the managers of the state, the politicians in good faith.

Thu, 05/10/2012 - 07:18 | 2412556 marxist
marxist's picture

Irrespective of what capitalists do with these taxes. They are handed to the managers of the state, the politicians in good faith.

Thu, 05/10/2012 - 07:13 | 2412547 Winisk
Winisk's picture

Something for nothing.  Sounds a lot like trading fake conjured up debt for real resources and labour.    

Thu, 05/10/2012 - 07:43 | 2412591 hardcleareye
hardcleareye's picture

"Without reform, austerity is sheer economic tyranny, a form of neo-colonialism that has been promoted until recently by the developed nations on the Third World, which itself is beginning to rebel against the viceroys and puppets of the powerful.   But now it has come home to feed on its own, and the faithful middle class stands aghast, in quiet disbelief.

The propagandists like to frame the question as 'who will pay,' rather than 'how do we stop the stealing, corruption and waste, and resume healthy growth in the real economy?  So as they often do, they entice the professional and middle class to back their plans from fear, until it is too late."

Jesse's Cafe Americain

 

Thu, 05/10/2012 - 08:09 | 2412643 LMAOLORI
LMAOLORI's picture

How To Get Revolution In Europe

 

It's pretty simple, really.

Put in place a "treaty" that requires:

  • That all governments involved fund it on demand within 7 days.
  • That the amount of said funding is determined by the entity, with no right of review or veto, and can be increased at any time.
  • That there are no rights of review, not even to see the work product of the entity.
  • That the entity can sue, foreclose, prosecute, etc -- but nobody can sue, prosecute, foreclose or investigate the entity.
  • That the people working for that entity enjoy absolute immunity -- even against unlawful acts.

No, this isn't a dream.  It's the ESM.

And should any nation ratify this entity it is identical in form and function to selling the citizens into literal slavery, at which point said government's legitimacy has been destroyed by its own hand and thus the citizens are well within their rights to refuse consent to further governance by that entity.

more

http://market-ticker.org/akcs-www?post=205776

Thu, 05/10/2012 - 09:09 | 2412775 proLiberty
proLiberty's picture

European mess will not resolve itself until the fundamental belief that we all deserve to be taken care of from cradle-to-grave dissolves.

This is just another way of observing the economic, moral and social consequences of the idea that we all can (and must) live at the expense of others.  AKA "socialism".

Thu, 05/10/2012 - 09:18 | 2412805 marxist
marxist's picture

Who are these others? That is my tax from my labour, handed over to the managers of the state to provide the wherewithal for civilised living so as I don't have to endure the horrors of the Victorian era. That money is being funnelled into bailing out gamblers who also happen to sing the free market mantra when it suits them.

To suggest that I want something for nothing is downright dishonest!

Thu, 05/10/2012 - 12:21 | 2413542 Lord Koos
Lord Koos's picture

Trim Tabs, what is that, some kinda diet pill?

Thu, 05/10/2012 - 12:27 | 2413570 daxtonbrown
daxtonbrown's picture

The collapse is already baked in the cake. The only thing the small guy can do is hunker down and Go Galt. That means buying gold, getting investments out of the country, growing a garden, doing things for yourself. In short, you have to swim free of the Titanic no matter how cold the water because it is going down. http://www.futurnamics.com/goinggalt.php

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