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Guest Post: Sex, Money and Largesse - The Hidden Depression

Tyler Durden's picture





 

Submitted by Lance Robert from StreetTalk Advisors

Sex, Money and Largesse - The Hidden Depression

dpi-real-unemployed-051112"Sex" and "Money" are probably two of the most powerful words in the English language.  First, those two words got you to look at this article.  They also sell products, books and services from "How To Have Better Sex" to "How To Make More Money" — ostensibly so you can have more of the former. Unfortunately, they are also the two primary causes of divorce in the country today.

Behind the mainstream media's attention to the daily economic numbers there is a hidden economic depression running along the underbelly of the country.  High levels of unemployment have kept pressures on wages even as work hours have lengthened.  This, of course, is assuming full time employment.  In reality many individuals are working but either part-time at one or more jobs to make ends meet or working full-time as a temporary hire at reduced wage levels.  The declines in real income are evident.  The burgeoning labor pool and demand for work is suppressing wages as companies opt for increasing productivity and streamlining employment to protect corporate profit margins.  However, as the cost of living is affected by the rising food, energy and healthcare prices without a compensatory increase in incomes - more families are forced to turn to assistance in order to survive. 

government-transfers-051112For a large portion of America the issue of unemployment and underemployment remains an everyday concern.  Without government largesse many individuals would literally be living on the street.  The chart shows all the government "welfare" programs and current levels to date.  The black line represents the sum of the underlying sub-components.  While unemployment insurance has tapered off after its sharp rise post the financial crisis, social security, Medicaid, Veterans' benefits and other social benefits have continued to rise.   The government "safety net" is already under tremendous strain as the number of "workers" supporting the system has fallen markedly over the last 30 years.  With more than 78 million "baby boomers" rolling into retirement the Social Security Administration has already warned they will begin paying out more than they take in by 2017 and will be insolvent not long thereafter without real reforms to the system.

government-transfers-dpi-051112For the average person these social benefits, however, are critical to their survival as they make up more than 22.5% of real disposable personal incomes.  With 1/5 of incomes dependent on government transfers it is not surprising that the economy continues to struggle as recycled tax dollars used for consumption purposes have virtually no impact on the overall economy. 

More disturbing is that this huge increase in demand on "welfare" support in its various forms does not include the more than 46 million Americans which are dependent on the Supplemental Nutrition Assistance Program (SNAP), or more affectionately known as "food stamps." Without this assistance the basic needs of survival for many families can not be met.  Yes, we all hear of the occasional lottery winner who is also living on "food stamps" but the reality is that there is a large and growing population that would not eat without the program.  Despite commentary from the Department of Agriculture that says "obviously, it's [the food stamp program] putting people to work.  If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs," the reality is that recycled tax dollars have been proven to generate little or no economic growth which is evident from recent GDP data.  Astoundingly the total benefits in 2011 rose above $71 Billion which was a 107% increase from 2008.  Yet we are told the economy is improving?

food-stamps-gdp-051112The issue of dependency, as more of the nation's population receives nutritional assistance as well as other forms of support, is that it leads to decreased productivity over time.   Yes, on an immediate basis, individuals are able to buy the necessities of life but reduces their ability to produce at higher levels in the future as long term unemployment leads to degradation of job skills.  As consumption is inhibited due to lack of productivity; increased dependency leads to lower standards of living.  

As the ability to source income from traditional support programs becomes limited or exhausted - individuals can become very creative.  Two of the most interesting areas that have been tapped to support basic consumption needs since the beginning of the "great recession" is student loans and disability insurance.

disability-millions-051112The number of individuals claiming disability has surged to the highest levels on record since beginning of the last recession.  What is most notable, however, is when the surge of individuals claiming disability began - exactly two years from the beginning of the financial crisis.  This is when the 2 years of extended unemployment insurance began to run out.  Well, it is either that, or the work place has become extremely hazardous over the last couple of years.  Today, more than 28 million Americans who are of working age have a disability - a level higher than at any other time in recorded history.

However, if you cannot claim disability why not just say you are going back to school?  Student loans have been hitting the mainstream media lately as the current administration debates the merits of lowering interest rates and forgiving student loan debt.  We are told that we should pity the youth of America who are graduating college but so indebted that they can not service their debt or have a fair start at life.  However, forgiving student loan debt when it wasn't used for education, but a new iPad instead, is another issue.  The chart shows only the federal student loan program which has surged 400% since the end of the last recession and is now the federal governments largest financial asset comprising 31% of its balance sheet.  However, in reality, student loan debt in total, which including private label loan programs, has now reached $1 trillion.  Either I am correct about the real uses of student loan debt, or, we are about to embark upon the great educational renaissance. 

student-loans-051112The problem for American families today, despite media commentary to the contrary, is simply the inability to maintain their current standard of living.  When income remains stagnant or falls, due to job loss or reduction in pay, the impact on the budget at home is significant when there are already very low saving rates and the inability to access a tight credit market.  The recent surge in consumer debt, with little relative increase in overall personal consumption expenditures, shows this to be the case.  For Main Street the economy remains mired at sub-par growth rates three years into a post-recessionary environment.

These financial strains are pervasive and continue to weigh on families and their relationships.  While it is true that "money can't buy happiness" try asking a couple who are living on food stamps and working two part-time jobs just to "get by" about how "happy" they are.  Even as the media trumpets that the Fed has saved the economy from a "depression," it might just be a statistical victory at best.  The government may say this is not the 1930's where bread lines formed outside the corner soup kitchen, however, for many American's the only difference is that they are found at the mailbox and online instead.

 


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Mon, 05/14/2012 - 15:29 | Link to Comment Badabing
Badabing's picture

sex money and rock and roll

Mon, 05/14/2012 - 15:31 | Link to Comment Catch-22
Catch-22's picture

The man who smiles in the face of adversity…  might not have fully understood the depth of his predicament 

 

Mon, 05/14/2012 - 15:34 | Link to Comment Temporalist
Temporalist's picture

Why am I picturing a fan, shit, and brown splattered teeth?

Mon, 05/14/2012 - 15:52 | Link to Comment AldousHuxley
AldousHuxley's picture

some people are into that shit ...literally.

Mon, 05/14/2012 - 15:54 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Did someone say sex?

Mon, 05/14/2012 - 16:06 | Link to Comment brewing
brewing's picture

and the msm talks about a 4 year old sucking his mom's teet, instead of something that matters...

Mon, 05/14/2012 - 17:56 | Link to Comment hardcleareye
hardcleareye's picture

You know, it all comes down to prospective..  to that 4 yo suckling on Mom tit really matters.... to you and me... not so much....

But like we have said on ZH, msm is catering to the 4 year old mentality and intellectual levels....

Mon, 05/14/2012 - 15:56 | Link to Comment resurger
resurger's picture

That's a badass line

+soap

Mon, 05/14/2012 - 15:59 | Link to Comment SimpleSimon
SimpleSimon's picture

...or has found some one else to blame...

Mon, 05/14/2012 - 15:56 | Link to Comment Peter Pan
Peter Pan's picture

The following exchange took place once on radio:

Guest: Sex is the great motivator

radio host: I thought it was money

Guest: Yes, but only so you could get more sex

Mon, 05/14/2012 - 16:31 | Link to Comment resurger
resurger's picture

Not all women care about money, you can still get more sex if you work on your self (i.e workout, being yourself & being slick), and i hate those fucking guys who cant approach women because they dont want to be turned down! FUCK THAT! If she wont be down with you, then try agian... you have to be senseless.

And at the end of the day, if you are filthy rich and you dont know how to fuck, your money cant do the fucking for ya!

The BED is where the Rubber Meets The Road

lol!

Mon, 05/14/2012 - 18:59 | Link to Comment Doña K
Doña K's picture

There is a beautiful deserted island in the middle of nowhere where the following people are stranded:

2 Italian men and 1 Italian woman
2 French men and 1 French woman
2 German men and 1 German woman
2 Greek men and 1 Greek woman
2 English men and 1 English woman
2 Bulgarian men and 1 Bulgarian woman
2 Swedish men and 1 Swedish woman
2 Irish men and 1 Irish woman

One month later on this beautiful deserted island in the middle of nowhere...

The 1 Italian man killed the other for the Italian woman.

The 2 Frenchmen and the French woman are living happily together in a "menage a trois".

The two German men have a strict weekly schedule and alternate with the German woman.

The 2 Greek men are sleeping with each other and the Greek woman is cleaning and cooking for them.

The 2 English men are waiting for someone to introduce them to the English woman.

The Bulgarian men took one look at the endless ocean, one look at the woman and started swimming.

The two Swedish men are contemplating the virtues of suicide while the woman keeps on bitching about her body being her own and the true nature of feminism.

But at least it's not snowing and the taxes are low.

The Irish began by dividing their island Northside-South side and setting up a distillery. They don't remember if sex is in the picture, because it gets sort of foggy after the first few litres of coconut-whiskey.

But at least they know the English aren't getting any...!!!

 

Mon, 05/14/2012 - 19:09 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

 

There were also:

1 Saudi man 6 Saudi women and 1 Pakistani man.

The Saudi man had slept with 2 of the Saudi women and then decided it was too much like hard work so he paid the Pakistani to do it for him.

Mon, 05/14/2012 - 21:11 | Link to Comment Decolat
Decolat's picture

I'm Irish, and that's exactly what I would do. +1

Mon, 05/14/2012 - 15:34 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

So where does Lance Roberts invest his client's money? What is the solution for a financial advisor?

Mon, 05/14/2012 - 15:32 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

This article is vapor titled. Durden, are you now too poor to afford a title?

Mon, 05/14/2012 - 15:35 | Link to Comment Shizzmoney
Shizzmoney's picture

After reading this article, I'm going to come up with my own self-help book:

"How To Make More Money" = "How To Have Better Sex"

Mon, 05/14/2012 - 15:47 | Link to Comment resurger
resurger's picture

lol

+ 1 soap

Mon, 05/14/2012 - 15:56 | Link to Comment Peter Pan
Peter Pan's picture

Sorry buddy. Just saw your comment.

Mon, 05/14/2012 - 15:38 | Link to Comment falak pema
falak pema's picture

sex and money are the two most powerful words of the puritan english language, its post 1492 civilization, that which survived Thomas Moore and was consecrated by Will the bard; but not that of mediterranean region which inspired Chaucer, and which has seen and digested too much of both and wants a balance now; that's called cumulative western civilization of greek inception, until you lose it once again! Ah, Sisyphus....thy name is Greek.

Mon, 05/14/2012 - 15:46 | Link to Comment Spastica Rex
Spastica Rex's picture

I always recall Chaucer for his excellent fart humour:

This Nicholas immediately let fly a fart
As great as if it had been a thunder-bolt,
So that with the stroke he was almost blinded;
And he was ready with his hot iron,
And he smote Nicholas in the middle of the ass.

Brilliant.

Mon, 05/14/2012 - 16:00 | Link to Comment falak pema
falak pema's picture

homeric with a comical english twist to it, theatre of the absurd. 

Mon, 05/14/2012 - 16:05 | Link to Comment Flakmeister
Flakmeister's picture

The two of you clearly do not belong here...

Mon, 05/14/2012 - 16:09 | Link to Comment falak pema
falak pema's picture

we are on planet earth, even if its planet of the apes. How is the energy scene treating you?

Mon, 05/14/2012 - 16:16 | Link to Comment Flakmeister
Flakmeister's picture

The energy scene is again demonstrating the fact that when markets fail, they do so in a incredibly self-destructive manner....

Mon, 05/14/2012 - 16:46 | Link to Comment NotApplicable
NotApplicable's picture

By definition, markets do not fail, but rather they clear.

Only someone who holds a flawed definiiton of a market would believe otherwise.

Simply put, a "failed market" is not a market.

Mon, 05/14/2012 - 18:55 | Link to Comment Flakmeister
Flakmeister's picture

They can certainly fail when the discount rate used to estimate NPV and FV is fubar....

Mon, 05/14/2012 - 16:13 | Link to Comment Spastica Rex
Spastica Rex's picture

You're mom doesn't belong here.

Mon, 05/14/2012 - 16:17 | Link to Comment Flakmeister
Flakmeister's picture

Yeah.... I already see enough dead people here.

Mon, 05/14/2012 - 17:48 | Link to Comment hardcleareye
hardcleareye's picture

lol

Mon, 05/14/2012 - 15:36 | Link to Comment Seasmoke
Seasmoke's picture

in the 21st Century it is not necessary to stand online for checks any more.....making things look much better......thats a win-win

Mon, 05/14/2012 - 15:38 | Link to Comment dbTX
dbTX's picture

It takes two to tango.

Mon, 05/14/2012 - 15:40 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

My friend, Count Whackanov begs to differ. 

Mon, 05/14/2012 - 15:38 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

Fuck Families, what about me! 

Mon, 05/14/2012 - 15:41 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Just fuck the female. Leave the rest of the family out of this, you pervert !

Mon, 05/14/2012 - 15:51 | Link to Comment fuu
fuu's picture

The Aristocrats!

Mon, 05/14/2012 - 16:00 | Link to Comment slackrabbit
slackrabbit's picture

Bill Hicks explains

http://youtu.be/Gqtcb66Yeyo

Mon, 05/14/2012 - 15:39 | Link to Comment SourNStout
SourNStout's picture

Entitlements will bring the collapse to our system. Try taking something from someone who feels they "earned it" because they were promised it.  

Student loans keep the sheeple attached to the system. Those loans only make for a better unknowing collateral for more government debt. Ideally the sheeple feel like they should pay back the loans, even if they don't they are entrenched in the working class, making for a better rating on the governments borrowing capacity. 

Without sheeple as collateral, how would TPTB borrow from our friends? 

Collapse ---> Chaos ---> System Reset

Audit --- Expose --- End it

 

Mon, 05/14/2012 - 16:21 | Link to Comment shuckster
shuckster's picture

Entitlements are created to paper over the fact that free enterprise cannot support the population. Entitlements are the only thing protecting Capitalism from what it is - a racket

Mon, 05/14/2012 - 17:46 | Link to Comment hardcleareye
hardcleareye's picture

You call this economy a "free enterprise" or "Capitalism"........  rotflmao.......

Shuck I'll give you a pass because you have only been on ZH for 14 weeks 5 days...... lololol

Mon, 05/14/2012 - 17:59 | Link to Comment hardcleareye
hardcleareye's picture

It is always interesting when you starting throwing large numbers around to put them into prospective.

Let's compare SNAPS to other government outlays, looking at 2011 vs 2000?

Source for these numbers is,

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/h... (in millions of dollars)

Lets take "605 Food and nutrition assistance, 2011 est   $107,219 vs in 2000   $32,483"

Now lets compare that to say:

"Total, National Defense 2011 est $768,217 vs in 2000  $294,363 "

Or the

"900 Net Interest 2011 est $322,427 vs in 2000 $282,745"

Or education

"501 Elementary, secondary, and vocational education 2011 est $44,535 vs in 2000    $20,578 

The change in the cost of feeding your people, waging war to maintain a secure oil supply, paying the investors interest on money you borrowed to fund your government because you spent more than you took in....... or the cost of providing a eduction to the next generation of voters.

Interesting to compare the TOTAL National Defense Cost to SNAPS to providing a High school education to our next generation, $768,217 vs $107,219 vs $44,535

 

 

 

Mon, 05/14/2012 - 17:44 | Link to Comment smb12321
smb12321's picture

ZHers act like there is some grand plan behind entitlements but that is not the case.  It's simply an evolving accumulation of campaign promises made good (it's all free), bad economics (cost is $500 B but we only produce $300 B) and the manifestations of the change in the citizens attitude toward the role of government.

If the State can be all things, fix all things, provide all things and ensure all things then anything is acceptable including non-stop rises in academia (the real villian), massive debt and (simultaneously) a slew of "free" programs. Remember that BO fought to have ALL student loans come through the government. 

Mon, 05/14/2012 - 15:38 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

If you don't have enough money, have more sex. It's free, good exercise, makes you feel rich inside. Then, you go into the world with fire in your belly, ready to kick the shit out of reality, and bring home the bacon. Rock n roll is mood music, either way. Standard of living is an oxymoron. Quality of life is more important.

Mon, 05/14/2012 - 15:45 | Link to Comment Gully Foyle
Gully Foyle's picture

SILVERGEDDON

"have more sex"

I wouldn't want to touch any woman today. You just can't tell what kind of STD they carry, or how many. Quite a few are happy to infect either intentionally or because it never crossed their minds they may have picked something up.

Fuck I remember getting freaked out at catching crabs.

The modern society has elevated everything dirty, disgusting and dismal into modern pop culture.

The new normal is disease ridden and ugly.

Mon, 05/14/2012 - 16:11 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Well, either double bag the old weenie, and de - louse the talent when you bring them home to your bat cave, or, see above advice for " It takes two to tango " My friend, Count Whackinoff begs to differ. Or, do without - it really isn't that important anyway. A life of servitude for some pussy is highly overrated. And, the cost of trolling for some fresh pussy is ridiculous. I'd rather be reloading some high velocity rifle ammo.

Mon, 05/14/2012 - 16:14 | Link to Comment blunderdog
blunderdog's picture

   I wouldn't want to touch any woman today.

Lucky for you, everybody wins on that one.

Mon, 05/14/2012 - 16:14 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Lol more for me

Mon, 05/14/2012 - 16:18 | Link to Comment slackrabbit
slackrabbit's picture

I prefer to give the receive ;-)

If not me, then who? (see now it sounds noble)

Mon, 05/14/2012 - 16:14 | Link to Comment Joe The Plumber
Joe The Plumber's picture

There are quite a few case studies in couPles where one partner has hiv or hepatitis and there has been no transmission

I aint worried. Most everything you can treat except hepatitis and hiv but it has to be a pretty skanky ho to have that, or be extremely unlucky and have a boyfriend who is hanging out unbeknownst to the lady at queer park

Mon, 05/14/2012 - 16:16 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Not that there's anything wrong it

Mon, 05/14/2012 - 16:41 | Link to Comment Totentänzerlied
Totentänzerlied's picture

like playing russian roulette with a musket

Mon, 05/14/2012 - 17:03 | Link to Comment hardcleareye
hardcleareye's picture

"I wouldn't want to touch any woman today. You just can't tell what kind of STD they carry.."

WTF...

 

Mon, 05/14/2012 - 15:40 | Link to Comment Shizzmoney
Shizzmoney's picture

The government may say this is not the 1930's where bread lines formed outside the corner soup kitchen, however, for many American's the only difference is that they are found at the mailbox and online instead.

I would *love* if someone found out how much of UE, disability, and EBT money is used to pay off credit cards, mortgages, and other banking fees. 

The number would probably shock the American people.  But yet again, if any of the MSM were to expose the ponzi posse.....well.....they'd probably be dead by now.

Mon, 05/14/2012 - 15:43 | Link to Comment Seasmoke
Seasmoke's picture

110%

Mon, 05/14/2012 - 18:21 | Link to Comment blueridgeviews
blueridgeviews's picture

The bread lines today are over 1 million long in every state plus some. 53million people are on the bread line today a.k.a snap. 100 million working age people are not working.  So here's the question: How much longer will this country be able to take care of 100 million people (and remember that number is increasing by 2 million people /year)with the rest of us working slobs?

Mon, 05/14/2012 - 15:41 | Link to Comment HungrySeagull
HungrySeagull's picture

Some of the Student Loans was used when Unemployment Ran out while going to school. The cost of schooling was less than the loan amounts for the Quarter. Therefore I could argue that being a "Student" does not require one to follow up on work as long as the left overs after tuition was paid supported the household.

We did this for 9 months. Just long enough for one to graduate and the other to get out of School and settle down.

Sure the monthly bill for the student loan is not that big. That is because the interest is low. And fixed too.

10 years now. 10 more years it will be either paid off or written off. *Shrugs.

However....

The Nation is getting creative and I fear a tusnami of student lending as many more people read this and learn how to "Go to college" on Federal money that will be diverted to household need... what? 1500 a month? several thousand every quarter?

It cannot be done for very long. Unless the Nation is bent on simply tapping a keyboard generating binary values of money to carry us all through. Debt be damned.

One day it's got to stop. And no one is going to be able to maintain the American Way as far as paying monthly bills for everything.

As far as the work wages... The Employers have only themselves to blame. I have been around in the 70's and 80's when the workforce took a hit. It showed in my own work hauling cargo around the USA. Sometimes my regular shippers quit shipping because the receiver does not have the money or see a market for the cargo.

Until they learned JIT and ditched the warehouse model to cut the workforce even more.

Cut cut cut cut.... costs. Cut it all.

I say we have cut so much, so long that it has become a cancer upon me, you and all of our Neighbors, the town, county through the State and the United States.

What happens when we stop living this way and learn as we go trying to move forward?

But not without roits, military deployments aka 1968 in Baltimore and other places where insurrection was put down.

It is time to fix this now.

In the past I have said that I enjoyed being a Temp, low wages per week be damned.

How was I able to live and work this way? Debt. The student debt each month is equal to one check, one of three I got each month. a percentage went to gas and the rest went into the house hold bills which total less than renting a apartment after the House mortgage was paid off.

Indeed that Student Loan helped us eliminate the last number of years worth of mortgage payments and allowed us to reduce the cash outflow.

We spent tens of thousands of money to replace everything in the home. That reduced the electric bill from 400 down to 30 or 45 a month in the high seasons. (Cooling.)

That also had a benefit of reducing our daily KWH low enough that our small roof can now have 8,000 dollars worth of panels put on to essentially eliminate the electric bill and .....

Farm the sun/wind and export power in excess of what we use each day and night.

If the entire country did this then we will be stronger in the difficult times to come.

But no one has 10,000 dollars to drop on solar or anything.

But wait... the student loans... whoo hoo...

150,000,000 people getting ready to go to school.

Yea right. The school of working the "System" which itself is in the point of technical failure.

One day it's going to stop.

What and where do you see yourself when it does stop?

Mon, 05/14/2012 - 15:50 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Student debt doesn't get written off. I'd just as soon use a credit card and not pay it.

Mon, 05/14/2012 - 16:09 | Link to Comment HungrySeagull
HungrySeagull's picture

Credit cards? Hah.

Those are far, far worse than Student Loan. One mistake or screw up and you can never ever get current again.

Wed, 05/16/2012 - 01:45 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

duuuuude

Forget getting current. You pay less than what you owe & use bankruptcy.

You can't do that with a student loan.

OR, you borrow less than you earn so you CAN'T go over. Either/or.

Unsecured credit means you lose nothing, seriously, for a credit card compared to a loan that can NEVER be discharged or a mortgage where they take the house you worked so hard for.

Mon, 05/14/2012 - 17:47 | Link to Comment smb12321
smb12321's picture

My son did that - lived on the excess money he received from "President Obama". Of course he now owes a lot and tried to discharge them through bankruptcy.

Mon, 05/14/2012 - 15:44 | Link to Comment besnook
besnook's picture

social welfare is the best investment any plutocracy can make. without it, people would riot and endanger the ponzi scheme as they are finding out in greece.

Mon, 05/14/2012 - 15:48 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

Yep, also, it has a tendency to trickle up anyway.  

Mon, 05/14/2012 - 15:46 | Link to Comment zonetraders
zonetraders's picture

http://capital3x.com/think-tank/whoosh-the-swirl/

The Whirlpool. Gold in striking distance of 100 WMA.

Mon, 05/14/2012 - 15:44 | Link to Comment Salt
Salt's picture

The sex trade industry should increase with a commensurate decrease in cost. All that's needed is for it to be made legal and taxed.

Mon, 05/14/2012 - 16:08 | Link to Comment falak pema
falak pema's picture

like I said on an earlier thread; it wll return to Athens, poor and pennyless, with a bang! 

Mon, 05/14/2012 - 15:50 | Link to Comment Cursive
Cursive's picture

This economy makes the Carter years look like an economic wet dream. If Obama would only confess to having banker lust in his heart, maybe we could move on to better things.

Mon, 05/14/2012 - 15:54 | Link to Comment realtick
Mon, 05/14/2012 - 15:58 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

No way he'll ever admit that. He may blow Blankfein in the Oval Office, but he would rather admit to being Muslem than being friendly to Corzine and their ilk.

Good thing we have the art work to prove it.

Mon, 05/14/2012 - 15:54 | Link to Comment penexpers
penexpers's picture

I have a job at a family-owned manufacutring facility in the Bay Area/Peninsula and I'm finding it increasily hard to survive.

Yea, I have benefits (50% by employer) but the cost of living in absolutely crushing around here.

I'm going to have to live in East Palo Alto, Daly City or South San Francisco to be able to make it.

TOUGH TIMES.

Mon, 05/14/2012 - 15:55 | Link to Comment Metalredneck
Metalredneck's picture

"I bought a book,called How to Make it Big.  It was all about money!!!"

 

Rodney Dangerfield.

Mon, 05/14/2012 - 15:56 | Link to Comment ziggy59
ziggy59's picture

Sex, money, coke, and banksters..adding to the list of powerful words

Mon, 05/14/2012 - 15:57 | Link to Comment Jim in MN
Jim in MN's picture

Holy shit.  Yves Smith goes OFF on the President. 

 

Must read.

 

http://www.nakedcapitalism.com/2012/05/barack-obama-the-great-deceiver.html

 

Mon, 05/14/2012 - 16:52 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Nothing capitalist about NakedCapitalism, and Yves Smith is a typical neo-Marxist disappointed and angry that her boy Obomby didn't stick to the 10 planks.

Mon, 05/14/2012 - 16:51 | Link to Comment NotApplicable
NotApplicable's picture

WTF??? Why do people waste time critiquing puppets?

Here, I thought Yves Smith was smarter than that. Much smarter.

 

*adds another so-called intellectual to the tards list*

Mon, 05/14/2012 - 16:01 | Link to Comment Bastiat009
Bastiat009's picture

What? A depression in the US? What else is new?

Mon, 05/14/2012 - 16:04 | Link to Comment savagegoose
savagegoose's picture

"he prefers the company of  men" can now no longer be considered sexual harrassment

Mon, 05/14/2012 - 16:32 | Link to Comment magpie
magpie's picture

Prefer the company of women, however odious.

Mon, 05/14/2012 - 16:35 | Link to Comment bbq on whitehou...
bbq on whitehouse lawn's picture

So if i dont want money and i dont want sex; money is has no useful purpose for me?

Money is a lever, sex is entertainment.  Sex has only costs. Money has only transference. Of course sex and money tend to have the same outcomes. But then on a long enough time line...

Mon, 05/14/2012 - 20:11 | Link to Comment ableman28
ableman28's picture

Money buys happiness.  That is the real truth.  Having been born poor (no indoor plumbing in my childhood home) and having become wealthy I can tell you this with certainty.  I have not met a single person who has similarly climbed the ladder who doesn't agree. Although I have met a few inherited wealth sorts who don't realize how well off they really are.

Platitudes like "Money doesn't buy happiness", "You can't fight city hall", "This (whatever it is) proves the system works"-I really love that one-are pacification slogans aimed at convincing the have nots and have littles that their lives aren't so bad.  The people on the other end of the spectrum, they know different.

Mon, 05/14/2012 - 20:34 | Link to Comment Dr. Crime
Dr. Crime's picture

From personal experience, I can say it sucks to be poor. You don't need to be wealthy to be happy, but worrying about tires, car batteries, washing machines, protein intake and electricity can be quite depressing. Yes poor people fuck, and it free. It is the one thing you can do that doesn't cost anything, unless she is hoping to escape the poverty trap herself. 

Mon, 05/14/2012 - 20:34 | Link to Comment Dr. Crime
Dr. Crime's picture

From personal experience, I can say it sucks to be poor. You don't need to be wealthy to be happy, but worrying about tires, car batteries, washing machines, protein intake and electricity can be quite depressing. Yes poor people fuck, and it free. It is the one thing you can do that doesn't cost anything, unless she is hoping to escape the poverty trap herself. 

Mon, 05/14/2012 - 21:34 | Link to Comment Lord Koos
Lord Koos's picture

Actually the word "death" is much more poweful than "money" to the subconcious.  Sex & death are the two biggies in subliminal advertising.

Tue, 05/15/2012 - 00:21 | Link to Comment Drashta
Drashta's picture

Add the word FREE to the power group. It can be added to the other words to make them more powerful.

Sun, 07/15/2012 - 14:55 | Link to Comment adnan202
adnan202's picture

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serema's picture

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