The Gathering Storm

Tyler Durden's picture

Via Mark J. Grant, author of Out of the Box,

“In old days there were angels who came and took men by the hand and led them away from the city of destruction. We see no white-winged angels now.”
              -George Elliot, Silas Marner
In the raging battle taking place in Europe between the haves and the have nots, the North and the South, those with money and those that are begging for it; there are moments when the calm sets in before the lightning strikes and the thunder booms. The silence is almost eerie and the air resonates with a certain kind of vibrant electricity that is somewhat reminiscent of Dickens and his Great Expectations which is what really seems to be driving the markets these days.
“Take nothing on its looks; take everything on evidence. There's no better rule.”
                -Charles Dickens, Great Expectations
I happen to be in St. Tropez at the moment and I find myself in a similar state; a land of dreams where everything is bigger, grander and worth more than can possibly be imagined or counted. It is not just the cost of things but some inherent belief that more and more and more is coming and it is without limit forever and for always and to the end of time. Let France meander, let Europe dissolve; the property values will increase without limit and the Champagne will flow at Les Caves du Roy and Chateau Petrus will be available at every small café and each barge sailing up the Mediterranean contains Beluga caviar of such copious quantity that to even discuss a shortage would be blasphemy and a sin against God and no one engaging in polite conversation ever mentions some secret hesitation that it may, one day, run out.
They are not long, the days of wine and roses:
Out of a misty dream
Our path emerges for a while, then closes
Within a dream.
                  -Ernest Dowson
It is no wonder then that so many in Europe cannot imagine any change of significance. It is almost culturally impossible and it would be such a striking blow to the shared consciousness that it would be the ultimate disaster of having to turn to the Queen and ask for cake; not even la gateau St. Tropez, but actual cake. Sacre Bleu!
In fact the more thoughtful here speak in hushed tones, wonder aloud but quietly, if the dream is not going to turn from angelic floating near the gates of Heaven and be forced down to some darker place. The questions come slowly, “What does Hell look like, when might we arrive there, how hot does it get and is one likely to meet the Devil himself?” After thirty-eight years in the financial markets I can report that have seen the rascal more than once, that he is not a pleasant being and that the heat can be far hotter than what is experienced on these fabled beaches of France. “Will Greece be saved or tossed back into the cauldron, will Frau Merkel pay the ultimate political price for either playing the Savior or refusing to do so, will Spain and Italy begin the trek down the road of good intentions to finally meet Dante who awaits them at the end of the path and will the noble lands of the Sacred Kingdom stand or be split asunder once again in this European Game of Empires?”
I sit, like some mental practitioner of the Martial Arts, and wait. The ship upon which we sail is about to get battered because it must now, I am afraid. We can tack left or we can tack right but we are about to sail into the belly of it. The consequences of saving Greece and the addition of $50 billion in shared debt to rescue her comes with consequences that will either loudly echo within the walls of Berlin or within the walls of Athens but this is a Trojan horse than cannot be avoided no matter what path is chosen. Spain is preparing to beg because she must and it is only a question of on which street she stands and which corner will produce a larger or smaller amount of benefactors. Italy is pondering a similar fate and while not down to her last mouthful of sautéed calamari the pot is running thin.
The easy choices are now behind us and the hard choices are in front of us and wild speculations hanging upon the syllables uttered by Mr. Draghi may bring disastrous results. In a very real sense Ms. Merkel is going to be hanged if she does and hanged if she doesn’t and it is quite difficult to find a safe place to stand when on the platform where the noose and executioner resides. The present situation has one certainty, one block of bedrock upon which you may plant your feet and that is that a storm is coming; of that you may be sure. It may be Hell to pay with Greece or Hell to pay in the governing chambers of Berlin or Hell to pay with the other troubled nations of Europe but the storm, the Hellions at the gates, will be arriving in the next thirty to sixty days because real choices must now be made and real consequences will leap like Cerberus from those choices.
“Hell isn't merely paved with good intentions; it is walled and roofed with them.”
                 -Aldous Huxley

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GetZeeGold's picture




I don't think the heavy stuff is going to come down for quite a while.



Raymond K Hessel's picture

I thought I heard him say "Red Sox!"

mtomato2's picture

Major bonus points for the obscure but most excellent reference.  +100

francis_sawyer's picture

GetZeeGold was Mitch Cumstein's roommate in college... Until he got kicked out...

GetZeeGold's picture



I was Mitch Cumstein's roommate....and all I got was this lousy teeshirt.

francis_sawyer's picture

lol ~ no night putting allowed

PiratePawpaw's picture

Not with the dean's daughter anyway.

Gully Foyle's picture

Stark makes economic predictions and Townes clears it all up for us.

I'm waiting for one of these guys to gut a rabbit and predict from the entrails.

Eddard Stark: Winter is coming.

They say it kills you, but they don't say when.

Temporalist's picture

I have a way out for the poor Eurozone countries: Buy AAPL.

Temporalist's picture

An AAPL a day keeps the Von Rompuy away.

lolmao500's picture

Good intentions : a police state could catch pedophiles and murderers... you're not for pedophiles and murderers are you? Obama ruling by executive power helps bills get passed because republicans won't let bills get passed... you're not against bills passing are you?? Government health care will bankrupt us without any real reform and you can't stay out of the system if you want to... you're not against children dying because they don't have money now are you?? We must bail the banks out otherwise everyone will lose their job... you want to keep your job right??? We need TSA otherwise all the terrorists are gonna blow up planes... you're not for more 9/11 right?? Etc... etc.. etc...

Good intentions don't pave the road to hell... MORONS WITH CIRCULAR LOGIC DO.

tocointhephrase's picture

Men who use Internet chatrooms to "groom" young girls for sex were warned of lengthyjail terms as senior judges added 18 months to a three-year sentence

Stop Huntingdon Animal Cruelty activists get up to six years



Gully Foyle's picture


Dude, Franklin coverup, Asimov's sons nonconviction for kiddie porn, Pete Townshend given three days warning to remove kiddie porn from his pc, and the Sanduskie arrest are all part of the same global kiddie porn system.

Add in the quotes about Hollywood sex abuse of children, and we see a corruption at the core of the world.

Nobody will prosecute a crony who knows where the bodies are buried.

tocointhephrase's picture

It's fucking satanic, I hope they all rot!

bnbdnb's picture

I've started asking people I know, how often they end up making decisions based in fear. Ironically, they all think they are lions.

Gully Foyle's picture


Then you must not spend too much time reading posts here.

Lot's of fearfull babble from the roaring Lions.

PeterLemonJello's picture

What the fuck are you talking about?  JUST KEEP RAMBLING

Chief KnocAHoma's picture

There is certainty on the horizon! The socialist nanny state is going to end... one way or the other.

Either we right the ship ourselves using logic and making hard choices, or our society will collapse into a free for all with races warring over the pig trough. The asphalt will crumble and you'll raise goats in the back yard. Of course you'll have to stay awake all night without cafine or air conditioning to protect your small heard from the wandering welfare savages, but at least you'll have protein.

Unfortunately, I don't think we or our current leader are mature enough to make the hard choices, so you'ld better get a head start and buy your heard while you can.

Have a nice day!

mtomato2's picture

I sincerely hope you're not in "Hot"lanta when it does come down.  We got out.  Headed just north.  Still don't feel safe.

Raymond K Hessel's picture

You're that we all know where you live...

mtomato2's picture

"Just" is a relative term, but most of your, LTER and MDB EXcluded, are welcome anyway...

mtomato2's picture

Actually, MDB can come, for comic relief.

Gully Foyle's picture

Chief KnocAHoma

Pumpkin, you understand that for the majority of human History the predominant political system has been an Aristocracy.

Here this should clear up a lot of the delusions you suffer.

FREE MARKET: That condition of society in which all economic transactions result from voluntary choice without coercion.

THE STATE: That institution which interferes with the Free Market through the direct exercise of coercion or the granting of privileges (backed by coercion).

TAX: That form of coercion or interference with the Free Market in which the State collects tribute (the tax), allowing it to hire armed forces to practice coercion in defense of privilege, and also to engage in such wars, adventures, experiments, “reforms”, etc., as it pleases, not at its own cost, but at the cost of “its” subjects.

PRIVILEGE: From the Latin privi , private, and lege , law. An advantage granted by the State and protected by its powers of coercion. A law for private benefit.

USURY: That form of privilege or interference with the Free Market in which one State-supported group monopolizes the coinage and thereby takes tribute (interest), direct or indirect, on all or most economic transactions.

LANDLORDISM: That form of privilege or interference with the Free Market in which one State-supported group “owns” the land and thereby takes tribute (rent) from those who live, work, or produce on the land.

TARRIFF: That form of privilege or interference with the Free Market in which commodities produced outside the State are not allowed to compete equally with those produced inside the State.

CAPITALISM: That organization of society, incorporating elements of tax, usury, landlordism, and tariff, which thus denies the Free Market while pretending to exemplify it.

CONSERVATISM: That school of capitalist philosophy which claims allegiance to the Free Market while actually supporting usury, landlordism, tariff, and sometimes taxation.

LIBERALISM: That school of capitalist philosophy which attempts to correct the injustices of capitalism by adding new laws to the existing laws. Each time conservatives pass a law creating privilege, liberals pass another law modifying privilege, leading conservatives to pass a more subtle law recreating privilege, etc., until “everything not forbidden is compulsory” and “everything not compulsory is forbidden”.

SOCIALISM: The attempted abolition of all privilege by restoring power entirely to the coercive agent behind privilege, the State, thereby converting capitalist oligarchy into Statist monopoly. Whitewashing a wall by painting it black.

ANARCHISM: That organization of society in which the Free Market operates freely, without taxes, usury, landlordism, tariffs, or other forms of coercion or privilege. “Right” anarchists predict that in the Free Market people would voluntarily choose to compete more often than to cooperate; “left” anarchists predict that in the Free Market people would voluntarily choose to cooperate more often than to compete.

Robert Shea and Robert Anton Wilson, The Illuminatus! Trilogy

Chief KnocAHoma's picture

Dude... get a job and drink some decaf.

kridkrid's picture

I like the left vs. right anarchism definition. Thanks for posting that

Raymond K Hessel's picture

Landlordism = Ownership of Property??? 

So owning property is evil? 

Sounds like communist bullshit to me.

blindman's picture

well done.
Just a Little While to Stay Here-Crane River Jazz Band.wmv

jmc8888's picture

Why? It was Wall Street that fucked us.  Their fraud.  Not welfare.  I've never seen 1400 trillion (as starters, in only one of the fraudulent categories) in welfare.  Because Wall Street wouldn't of stolen any more, and the system wouldn't of collapsed, if only there wasn't Welfare. 

Glass-Steagall (that's a real choice, and it's easy)


All this hard choices nonsense.  It means....if you accept it as a valid premise (which it isn't)....that you're ready to bend over and get stuck up the ass because you believe the choice....has to be hard.


You've already been conditioned.  What do the oligarchy, many of them green fanatics want? Collapse.  They want you to live 'sustainably' in commune like eco-hell...I mean eco-paradises.  But only some of us. So the collapse part is entirely what some of them want. 


Do what's right.  What's needed.  Not 'choices' because they are 'hard'.


Glass-Steagall (the lack of this allowed the economy to be destroyed.   more destroying than 100000000000000000000 people on welfare collecting benefits for 100 years all condensed to one year, every year since it's repeal...but some people can't appropriately rank things)  It's not the deficit...It's the fraud.  Which lead to the deficit.  Without tackling the fraud.  You cannot remove the deficit.  Just fuck people over.  All again, because Glass-Steagall removal allowed for this to happen, and the idiots, aren't pushing for it's reimplementation.  Because only that will save us, and it's easy.  We have elections coming up, and are people using that as a measuring stick for their candidates? Or whether or not they want to spend versus cut.  A wholly useless argument that doesn't in any way get to the crux of the matter. 

Every choice is hard, when all the ideas are flat out useless, stupid, and don't address the real problem.  The question is, why would making any of these stupid, useless, be made when they don't address the problem in any way?

Again Glass-Steagall, and not just for the U.S., but for Europe as well.  Our deposits only go poof without Glass-Steagall.  The need to print trillions (as part of the hyperinflationary theory) can't happen if our deposits are segregated.

DOT's picture

I would take the changes a little beter if I was actually involved in these choices.

The choices will be made by others until they have failed.  Judgement includes choices............rope or lead?

Neethgie's picture

Qu’ils mangent de la brioche

Mercury's picture

That's actually not an example of aristocratic insensitivity to the hungry poor but to small businessmen. And what's more French than that?

Because of the price controls that were in place at the time, French bakers were compelled by law to sell "cake" for the price of bread if they had no bread available to sell.

AnAnonymous's picture

The French revolution, just like the US revolution, were classwarfare revolutions: the middle class taking on the upper class, using the lower class as a stepping stone.

Mercury's picture

…which is perhaps why the malignant system we have in place now -the top and bottom against the middle- is so effectively entrenched.

magpie's picture

Yes, you have to watch how narratives change. Now the vampires are already the good guys, next the zombies...

Gully Foyle's picture


Yah, about that US revolution. Wasn't that lead by Rich White Guys, WRG's, who just didn't want to pay their taxes anymore?

Mercury's picture

In large part and lucky for us, yes.

TrumpXVI's picture

The rich white guys had to play a lot of catch-up.  The American Revolution started outside the urban areas.  Middle class farmers were the backbone of it.  They were tarring and feathering and running out of town on a rail the Kings tax collectors before the the rich guys got that heavily involved.

The colonies were prospering.  There was intense and lucrative trade all up and down the eastern seaboard; intra-colonial trade.  Incomes were rising for a growing middle class.  These were the folks who felt the most threatened by the King's tax policies.  And they were the first to act on their fears with violent reprisals against the Kings local representatives.

buzzsaw99's picture

pure prose and poor prose at that

CrimsonAvenger's picture

But at least we've learned they have good shit to smoke in St. Tropez.

DogSlime's picture

I quite enjoyed it - had a lovely apocalyptic tone to it :)

People shouldn't be overly anxious, though... The very worst that can happen is that we suffer terrible poverty as the economic system collapses and then die from starvation/mob violence/WWIII/execution by Police State.

Could be worse :P

PiratePawpaw's picture

Is that all? Whew! 

And here I was preparing for Zombie Apocolypse, this should be a piece of cake then.

youngman's picture

"Ms. Merkel is going to be hanged if she does and hanged if she doesn’t "......this is where a Politican becomes a statesman....if they have core beliefs...they have to look into their soul and to the right thing...yes it will be painful...but in the end..and that will be several years...the country...the people will all......key word is ALL....will be better off....

hugovanderbubble's picture

Germany and Austria will lose AAA rating

yogibear's picture

Getting the wheel barrels out of storage.

magpie's picture

And right now i wonder if the (Chinese?) inventions of the wheelbarrow and paper money were contemporary...