Guest Post: Asleep At The Wheel

Tyler Durden's picture

Submitted by Jim Quinn from The Burning Platform

Asleep At The Wheel

Americans have an illogical love affair with their vehicles. There are 209 million licensed drivers in the U.S. and 260 million vehicles. The U.S. has a higher number of motor vehicles per capita than every country in the world at 845 per 1,000 people. Germany has 540; Japan has 593; Britain has 525; and China has 37. The population of the United States has risen from 203 million in 1970 to 311 million today, an increase of 108 million in 42 years. Over this same time frame, the number of motor vehicles on our crumbling highways has grown by 150 million. This might explain why a country that has 4.5% of the world’s population consumes 22% of the world’s daily oil supply. This might also further explain the Iraq War, the Afghanistan occupation, the Libyan “intervention”, and the coming war with Iran.

Automobiles have been a vital component in the financial Ponzi scheme that has passed for our economic system over the last thirty years. For most of the past thirty years annual vehicle sales have ranged between 15 million and 20 million, with only occasional drops below that level during recessions. They actually surged during the 2001-2002 recession as Americans dutifully obeyed their moron President and bought millions of monster SUVs, Hummers, and Silverado pickups with 0% financing from GM to defeat terrorism. Alan Greenspan provided the fuel, with ridiculously low interest rates. The Madison Avenue media maggots provided the transmission fluid by convincing millions of willfully ignorant Americans to buy or lease vehicles they couldn’t afford. And the financially clueless dupes pushed the pedal to the metal, until everyone went off the cliff in 2008.

America is proving itself to be insane as described by Albert Einstein:

“Insanity: doing the same thing over and over again and expecting different results.”

The 2008 cataclysm was created by the voracious greed and avarice of Wall Street, sustained by corrupt politicians in Washington, non-existent regulation by banking regulators, Federal Reserve easy money policies, unspoken guarantees of Fed bailouts if Wall Street excess risk taking blew up, and millions of delusional Americans with an unlimited credit line. Excessive debt created the problem. Adding debt is the present solution to the problem. And the accumulation of debt will lead to a tipping point that destroys the U.S. dollar and topples the Great American Empire.

This spiral of government sponsored debt financed debacles has shockingly accelerated as we have supposedly been experiencing an economic recovery for the last two years. The 2008 financial meltdown was the result of too much debt peddled to too many people who never had the means or intentions to repay the debt. The Wall Street peddlers of debt didn’t care if it got repaid because they had already packaged it, bribed Moodys and S&P to rate the toxic garbage as AAA, and sold it to their “clients”. Then they made derivatives bets that it wouldn’t be repaid and raked in billions more as their Ponzi scheme unwound. There was just one problem with their master plan. The Wall Street titans made their derivate weapons of mass destruction so complicated and confusing that their own evil organizations of Harvard MBAs didn’t understand them. Enough hubristic CEOs existed at enough financial firms (AIG, Lehman, Bear Stearns, Citicorp) to bring the entire system crashing down as the toxic derivatives intertwined every major institution in the worldwide banking cabal.

What has happened since those dark days of 2008 is mind blowing in its epic proportions and epic stupidity. To quote Doug Casey, “Not only haven’t we done the right thing, we’ve done the exact opposite of the right thing.” It is absurd and ultimately suicidal to cure a debt disease by administering massive doses of more debt. But that is exactly what those in power have done. The National Debt has risen from a $9.7 trillion to $15.6 trillion, a 61% increase in three and a half years, while our real GDP has grown by $244 billion, a 1.9% increase. Not exactly a fabulous return on investment. But at least there are 7 million less people employed today than there were at the peak in 2008. Plus, senior citizens and middle class savers have seen $450 billion of annual interest income they were earning in 2008 pilfered from their savings accounts and handed to the Wall Street banking elite through Ben Bernanke’s ZIRP.

The Federal Reserve has tripled their balance sheet (actually your liability) from $950 billion to $2.9 trillion. Various other Federal government controlled bureaucracies (Fannie Mae, Freddie Mac, FHA) have stealthily subsidized hundreds of billions in losses on behalf of the criminal Wall Street banks. Other Federal government run agencies (BLS, BEA, CBO) exist solely to massage, manipulate, misuse, and malign economic data and financial projections in order to muddle, misinform and mislead the American people about the true nature of our ongoing economic calamity. Propaganda and obfuscation are the scheme of choice by the powers that be. They are counting on decades of government run public education to insure that millions of non-critical thinking dullards will be unqualified or uninterested in the truth about our grim economic prospects. The oligarchy’s master plan has centered on houses, automobiles, and the illusion of a jobs recovery.

Whenever I’m trying to understand the motivations of the sociopathic Washington politicians, Wall Street bankers and mega-corporation CEOs, I always come back to the words of master manipulator Edward Bernays:

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” Edward Bernays, Propaganda, 1928

The relatively small number of wealthy men thinks they are smarter than the masses and can manipulate them through their control of the government, the financial system and the media. The players in this game remain the same, but they have switched positions. The debt accumulation which led to the 2008 collapse was heavily concentrated on the books of the ruthless Wall Street psychopathic banks and on the backs of a readily pliable public. Today, the Federal government and the Federal Reserve have switched positions with their banker puppet masters, essentially shifting all past and future debt onto the backs of the American middle class. The Federal Reserve Flow of Funds Report, issued two weeks ago, reveals the extent of this blatant scheme to screw the American people in order to save and further enrich the Wall Street psychopaths who won’t be satisfied until their looting and pillaging leads to complete collapse and the world erupting into a world war. The despicable facts are as follows:

  • Total U.S. credit market debt has RISEN from $50.9 trillion in 2007 to $54.1 trillion as of 12/31/11, a $3.2 trillion increase.
  • Household debt has declined from $13.8 trillion in 2007 to $13.2 trillion as of 12/31/11. The mainstream media would point to this $600 billion decline as proof that Americans have embraced austerity and have learned their lesson. Of course that would be a lie. The Wall Street banks have written off $200 billion of credit card debt and the 5 million completed foreclosures extinguished another $800 billion of mortgage debt. The truth is that consumers have continued to pile up debt.
  • Much has been made of corporate America being flush with cash. If they are so flush, why have they added $900 billion of debt since 2007, an increase of 13% to an all-time high of $7.8 trillion?
  • The revealing data shows up in the financial company data. These Wall Street national treasures have reduced their debt from $17.1 trillion in 2008 to $13.6 trillion as of 12/31/11. How were they able to do this, while writing off $1 trillion of consumer debt?
  • You guessed it. They dumped it on the American taxpayer. The Federal government increased their debt from $5.1 trillion to $10.5 trillion. And our old friends called government sponsored enterprises (Fannie, Freddie, Student loans) increased their debt from $2.9 trillion to $6.2 trillion. Wall Street banks and millions of deadbeats who chose to game the system and live the good life have effectively foisted their $4.5 trillion of debt upon the backs of middle class taxpayers who lived within their means. Another $4.2 trillion has been pissed down the toilet by Obama with his $800 billion Keynesian porkulus program, home buyer tax credits, cash for clunkers, green energy boondoggles, 47 million people on food stamps success story, 99 weeks of unemployment, doubling of SSDI membership, and his multiple wars of choice in the Middle East.

The average hard working, taxpaying American has been enslaved in debt of such proportions that they will never be able pay it off. Your share of the $15.6 trillion National Debt is now $50,000, and growing by $4,500 per year. Your share of the future unfunded liabilities, created by the people you elected, is approximately $350,000. This crushing burden is in addition to the $13.8 trillion of mortgage, credit card, student loan, and auto loan debt Americans have accumulated in the last three decades of delusion. Forty percent of all credit card users do not pay-off their credit card every month and carry an average balance of $16,000 at an average interest rate of 15%. Good to see the Wall Street banks passing along some of their 0% borrowing windfall to their “customers”.

Source: TF Metals Report     

Pedal to the Metal

You may have noticed the corporate mainstream media, crooked politicians and lying Wall Street shills attempting to pound the economic recovery storyline into the consciousness of a terminally distracted populace. This is part of the Bernays inspired master plan of a small cabal of powerful men to control the public mind and keep our mass consumer society functioning smoothly so these corporate fascists can continue to gorge upon the carcass of a once vital republic. Decades of mass media consumer indoctrination, dumbing down of children through public school education and the conscious manipulation of attitudes and opinions of the malleable masses has succeeded. The invisible government of the rich and powerful has effectively converted responsible citizens into mindless consumers of products, bought with debt, peddled by associates of the invisible government. The crowded shopping malls, automobile showrooms, and restaurants are a testament to the power of propaganda and the intellectual bankruptcy of a vast swath of the American population.

Only psychopaths would encourage and condone behavior that would financially enrich themselves while destroying the lives and personal wealth of millions. The invisible government (Wall Street bankers, D.C. political hacks, mega-corporate executives, mass media titans) exhibits all the traits of a psychopath as described in a recent Harvard Business Review article:

  • Glibness and superficial charm
  • Lack of empathy
  • Consistent decisions in their self-interest, even where it is ethically questionable
  • Chronic, sometimes transparent lies, even with regard to minor things
  • Lack of remorse
  • Failure to take responsibility for their actions, and instead blaming others
  • Shallow emotions
  • Ignoring responsibilities
  • Persistent focus on gratifying their own needs at the expense of others
  • Conning and manipulative behavior

Do you recognize any of these traits in our president (Obama), congressmen (Weiner, McCain) Wall Street bankers (Dimon, Blankfein), corporate CEOs (Immelt), and mass media titans (Murdoch)? These people and many more like them will stop at nothing to further their self-serving agenda. They are intelligent and highly skilled at lying and manipulation. They lack empathy and don’t care what others think as they relentlessly pursue riches and power no matter the damage they inflict upon the people they so casually abuse, scorn and look down on. These are the people attempting to convince you that the path to economic recovery is through increased spending by consumers, utilizing debt supplied by them.

The entire recovery theme is a sham, financed by the Federal government with your tax dollars and the tax dollars of future unborn generations. I’ve arrived at this conclusion after pondering what I’ve been seeing with my own two eyes and through the insightful analysis found in the non-mainstream media (Zero Hedge, Jesse, Mish and many others). The mantra being pounded relentlessly by the mainstream media is that retail sales are booming and the unemployment rate has declined significantly, therefore an economic recovery is at hand. The chart below reveals the dramatic surge in vehicle “sales”. The annual pace is all the way back to 15 million, from the low below 10 million in 2009. The brief surge in mid-2009 was due to Obama’s highly successful Cash for Clunkers program that cost taxpayers $2.8 billion or $24,000 per car sold. It was highly successful for Government Motors (GM) and their union workers (Obama voters).

This rapid surge in auto sales has also resulted in a boost to overall retail sales, which have reached an all-time high. Automobile “sales” make up 18% of the retail sales number, by far the largest segment. The “record” retail sales are the result of surging gasoline sales, swelling food inflation, and a somewhat confusing cascade of car sales. It’s somewhat confusing until you realize how and why the 50% rise in vehicle sales has been accomplished by our Bernaysian masters. Retail sales in the first two months of 2012 are up 8.2%, led by a 9.2% wave of motor vehicle sales. Auto sales are at levels last seen in early 2008. This seems peculiar, since there are still 7 million less employed people in the country than in early 2008 and the real median household income is 9% lower than it was in early 2008. Real average hourly earnings have fallen for the last three months and are 1.2% lower than they were in October, 2010. A critical thinking person might ask himself, how could American households with less jobs and lower wages increase their purchases of automobiles by 50% in the last two years?

The answer is just what you expected. A phenomenal amount of debt peddled to people without the means or intent to ever repay the debt by the usual suspects: Ally Financial, Capital One, Wells Fargo, JP Morgan and Bank of America. These fine upstanding institutions control 25% of the auto loan market. They doled out $24 billion of new car loans in the 4th quarter of 2011, with an outpouring of loans to those downtrodden subprime borrowers and an extension in the average loan length beyond 6 years. Subprime borrowers now account for 45% of all auto loans. As a refresher, subprime borrowers generally have little or no assets, have a history of late payments or defaulting on obligations, and have low incomes. No worries there. When has making hundreds of billions in subprime loans ever caused a problem before. Ally Financial CEO Michael Carpenter had this to say about the market:

“We have seen crazy, irrational competition in the subprime end of the marketplace, which is one reason why more banks are targeting the lower end of the market.”

Bank of America and Capital One increased their market shares of the auto loan market by 40% in the 4th quarter as they attempt to keep up with Ally Financial in reckless lending to deadbeats. If you aren’t familiar with Ally Financial, then you should be. You own 74% of this POS. Here is a brief summary:

  • GMAC, after contributing mightily to the financial crash of 2008 through their reckless subprime mortgage (Ditech) and auto lending and requiring a $16 billion bailout from American taxpayers, changed its name to Ally Financial in 2009. It’s sort of like John Dillinger using acid to try and change his fingerprints.
  • Ally Financial provides financing for all GM and Chrysler customers and dealers and is the market share leader in auto lending.
  • Ally Financial still owes the American taxpayers $12 billion.
  • Ally Financial is a ward of the Federal government and will do anything it is told to do by Obama. The recent foreclosure fraud settlement required Ally to pay $250 million to the customers it defrauded. They will only pay $110 million based on their inability to pay $250 million. Sounds like a company that should be increasing their subprime loan portfolio. Obama and his minions instead received a commitment from a lender they own and control to cut principal for delinquent borrowers and refinance underwater borrowers. And Obama didn’t even offer us a cigarette afterwards.
  • Ally Financial, along with Capital One, failed the Federal Reserve stress test last week. Ally, Capital One, Bank of America, and Citicorp are dead banks walking. Brilliant bank analyst Chris Whelan succinctly sums up their fate after analyzing the Federal Reserve stress test results:

“When you get to junior liens and HELOCs you will understand why I have been saying that Ally Financial and BAC need to be restructured. With a plus 20% loss rate on second liens, Ally has substantial capital issues to put it mildly. But look at C right behind them with a loss rate in the mid-teens followed by BAC. Yikes. This type of loss rate is typical for credit cards and both of these second lien portfolios are > $100 billion.

And the real lesson, dead friends, is that the good old USA is a subprime nation, a society of individuals whose aggregate probability of default is probably around a “B” to “CCC.” Convert the loss rates in the stress tests to bond ratings using the break points from Moody’s or S&P and tell me what you see.

Last point on Ally Financial: Yikes. Probably the weakest results of the whole group. Memo to POTUS: File Ch. 11, sell auto biz and bank to GM in 365 sale. Liquidate ResCap. Declare success. But do not be surprised if BAC follows if Ally goes into bankruptcy. The one thing that the Fed almost completely ignores is the vast financial risk facing BAC and Ally, and to a lesser degree, WFC, JPM and C.”

When you understand this background, anecdotal evidence that seems absurd starts to make sense. I spend two hours per day on the road and have plenty of time to observe my surroundings. I drive through the Mantua section of West Philadelphia every day. The average household income in this neighborhood is $16,000. The average home value is $25,000. The true unemployment rate exceeds 40%. At least 20% of the properties are vacant and the neighborhood resembles Baghdad. Last week, I counted six brand new vehicles with registration tags in their back windows in a one block radius of this neighborhood. Every block has newer model Ford Expeditions, GMC Sierras, BMWs, Acuras, Cadillacs, and Mercedes sprinkled among the squalor. Someone is loaning these people the money to buy these $40,000 vehicles or approving them for leases. This neighborhood puts the SUB in subprime. No financial firm worth spit would make a six year $35,000 auto loan to someone in this neighborhood unless they were instructed to do so by the Federal government or were guaranteed that the future loss would be borne by someone else – YOU.

The GM, Chevy and Chrysler car dealer ads in my local paper actually have the following headline in bold:

Have credit problems? NO PROBLEM

Most of the ads don’t even list the prices of the vehicles. They either tout the 72 month 0% financing or they list the monthly lease cost. It seems that virtually any vehicle can be leased for $300 per month or less these days. This might explain why 25% of all vehicles are leased today. In reality, 25% of the cars being “sold” today are really just being rented for three years. Both the lessors and lessees are basing these transactions upon delusions and assumptions which will likely blow up in their faces and again cost – YOU.

An auto lease payment is based upon interest rates, the cost of the car, subsidies from the auto makers, and the expected residual value of the vehicle at the end of the three year lease. When have financial companies ever miscalculated any of these assumptions? How about 2001-2002 and 2008-2009? The reason auto leases are ridiculously low is because Ben Bernanke’s zero interest rate policy is providing free money to Ally Financial and the rest of the Wall Street zombie banks and creating huge mal-investment – Again. The auto makers see no risks, as the used car market has been extremely strong for the last year and they anticipate continued strong demand for cars as they come off their three year leases. Therefore, they have estimated the residual values three years out at a very high level. The strong used car market may have been slightly impacted by the destruction of 700,000 vehicles under Obama’s Cash for Clunkers debacle. The combination of excessively low interest rates and excessively high residual value estimates leads to ridiculously low lease rates. The sales statistics for the first two months of 2012 reveal why this will blow up in the faces of lessors and the predictably incompetent financial drug dealers.


% Chg Feb’11 YTD 2012




















Light-duty trucks
















Midsize SUV




Large SUV




Small SUV




Luxury SUV





It seems the delusional American public and their love affair with big SUVs, pickups, and their 8 cylinder luxury wheels will continue until they are hit over the head with the baseball bat of $5 a gallon gas. The Madison Avenue Bernays disciples have molded the minds and formed the opinions of millions of easily influenced, financially ignorant superficial Americans into believing the vehicle they drive is a true measurement of success. These people choose being up to their eyeballs in auto debt or perennial renters of luxury vehicles to appear prosperous to their neighbors and coworkers rather than actually achieving real success through the time honored tradition of earning more than you spend and saving the difference. The fact is that 80% of all the vehicles being sold in the U.S. are SUVs, pickups, crossovers, minivans, and larger cars that get 25 mpg or less.

As gas prices continue to rise towards $5 per gallon, a war with Iran looming in the near future, interest rates beginning to rise, and the country headed back into recession (MSM is wrong about the recovery), the car makers are poised to again experience enormous losses. Auto makers will have a sense of déjà vu as they have committed an epic blunder by overestimating the future value of the gas guzzlers they have been leasing. As a result, when the leases expire and auto makers take back the SUVs and pickups that get 15 mpg and attempt to resell them, the losses will run into the billions of dollars. There will be no one buying used gas guzzlers, with gas costing $5 per gallon. As the millions of subprime borrowers realize they can’t afford car payments, paying 40% more for gas, and trying to put food on the table, auto loan delinquencies will soar. This is as predictable as the housing market collapse in 2005. None of this matters to the psychotic governing elite who only care about the illusion of recovery today. These vampire squids will not be satisfied until every drop of blood is sucked out of the national carcass.

Ally Financial is part of the Federal Government and is being used to promote the agenda of the governing elite. They join Fannie Mae, Freddie Mac, and the Federal student loan peddlers as the primary tools of the corporate fascist powers that control this country. The nominal private ownership of these companies is a sham, as the state dictates how they will be run and who they will benefit. This corporate fascist empire is built upon an unholy alliance between big banks, big business, big media and big government, with each protecting and enriching each other. The psychopaths who are drawn to these organizations want to control people. They desire power, wealth, and the ability to manipulate public opinion. Their tactics include spreading fear and an atmosphere of paranoia in order to convince the populace that more government action will improve their lives. We are headed towards economic and financial collapse as these psychopaths will never willingly reverse course and the majority of our population has become so degraded (have you been to a Wal-Mart lately) that they are incapable or unwilling to confront the psychopaths.

Doug Casey in the latest Casey Report explains how evil and stupidity are a deadly combination:

“I would like to suggest that what really distinguishes political elites from normal people is not just a predilection for stupidity but a real capacity for evil. Evil might best be defined as the intentional and usually gratuitous commission of acts that are cruel or unjust. A person who commits many evil acts is a sociopath. The sociopaths who are naturally drawn to government eventually come to dominate it. They’re very dangerous people. They reset the social mores of the country they control. After a certain point, a critical mass is reached, and it’s GAME OVER. I suspect we’re approaching that point.”

The next time you hear a government drone, Wall Street shyster, or corporate mainstream media whore declare we are experiencing an economic recovery try not to laugh out loud. Their agenda doesn’t include making your life better. Prepare accordingly. 

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williambanzai7's picture

Don't forget Uganda.

Gully Foyle's picture

Remember when songs were about CARS?

I doubt you will ever see Prius or Volt incorporated into anything worthy of listening to.

Fuck it, maybe some hipster homage to Barry.

( That's why all "cool" tv and movie characters drive classic cars. You don't have the same image with your Volt. Would Steve McQueen be as groovy in a Prius?)

Steve Miller Band Lyrics

" Mercury Blues "

Had my money
I tell you what Id do
I would go downtown
Buy a mercury or two
Cause Im crazy bout a mercury
Cruise up and down this road
Up and down this road
Im goin to buy me a mercury
And Ill cruise up and down this road
Up and down this road

You know that gal I love
I stole her from a friend
Fool got lucky stole her back again
Because she knowed he had a mercury
Cruise up and down this road
Up and down this road
Well, she knowed he had a mercury
And she cruise up and down this road

Hey now mama
Whered you stay last night
Your hairs all down
Your clothes dont fit you right
Had my money
I tell you what Id do
Go downtown and buy a mercury or two
Cause Im crazy bout a mercury
And Ill cruise up and down this road
Up and down this road

Im going to buy me a mercury
And Ill cruise up and down this road
Up and down this road

Im going to buy me a mercury
Going to buy me a mercury
Going to buy me a mercury
Cruise, cruise up and down this road
Up and down this road

Im going to buy me a mercury
Buy me a mercury
Going to buy me a mercury
Cruise, cruise up and down this road
Up and down this road

becky quick and her beautiful mouth's picture

i live on a farm. there is a reason i own "big SUVs, pickups, and their 8 cylinder luxury wheels." you can't operate a farm with a prius as your go to wheels.

kralizec's picture

Missing out on the unicorn fart market eh?  Maybe you can lash several Prius' together like a team of horses!  LOL!

Sophist Economicus's picture

Look, just humor him and say that the 'media maggots made you do it'. Maybe he'll go away

hedgeless_horseman's picture



I live on a farm, too, and understand that farms operated just fine long before pick-ups and SUVs.

becky quick and her beautiful mouth's picture

but they operate better now. for example, it doesn't take me all day to get to the big town and buy my months supply of vittles from the general store.

hedgeless_horseman's picture



Today, my John Deere is a necessity; the F350 is a luxury.  Someday, it is likely the John Deere will again be a luxury, the F350 a memory, and oxen, ass, and plow horse once again a necessity.

Chuck Walla's picture

Today, my John Deere is a necessity; the F350 is a luxury.  Someday, it is likely the John Deere will again be a luxury, the F350 a memory, and oxen, ass, and plow horse once again a necessity.


This is why the Amish and Mennonites can survive this crap. They do not believe in Central Banks, No EMP can hurt them. Oil shortages mean nothing.  Its the lack of weapons and fighting spirit that doom them. You know others will kill them to eat for one day rather than work with and protect them to eat forever. Just like the the Welfare classes of today.  Sacrifice tomorrow to eat today.

Citxmech's picture

Unless they go the "7 Samurai/Magnificent 7" route.  Betcha there's a bunch of folks willing to run security for a productive and resiliant community like theirs.

Flakmeister's picture


And you just described Mad Max to a tee....

Gully Foyle's picture


You drive your team of horse or mules into town to pick up supplies?

How they charge that for parking?

I do see the Amish cruising in their buggies all the time. Then again I see them on public transportation headed to Walmart.

Either way, in case no one has mentioned it, WELCOME TO THE GODDAMNED 21ST CENTURY MOTHERFUCKER!

hedgeless_horseman's picture



You drive your team of horse or mules into town to pick up supplies?

No.  The Bride usually takes the King Ranch.  The 21st century German pony I typically take to work will do 210, when I ask her, but I cannot fit much in the frunk.

Gully Foyle's picture


How is that King Ranch? Options packages if any? Diesel?

Most of the reviews like it.

Did you get an update to the software?

We are in the market for a new truck.

But the F150 has a natural gas option.

hedgeless_horseman's picture



Central Planners prefer you buy a GM or Dodge, but I will stick with the Ford.

Gully Foyle's picture


Just sold our 93 F150. Too much for us to afford to fix, but the guy who bought it was happy.

Ran like a champ.

takinthehighway's picture

You really ought to try the Dodge with the Cummins - that's a real truck motor which shouldn't require an inframe overhaul until around 750k miles or so...and gets 24 mpg highway.

Miffed Microbiologist's picture

LOVE our Cummins. What a wonderful sexy workhorse it is! If it weren't for the cost of diesel we'd have it out more often. Unfortunately it spends most of it's time doing our "gentleman" farm chores...hauling hay and the tractor in for service. Got conned into buying a Ford diesel once. @ 40,000 miles it bursted into flames. My husband was so pissed he tried to drive it to the dealership where he bought it as it was burning! Had to bail before he got there though, good exploded. Had some great aerial shots of it on San Diego traffic reports.

Miffed :-)

Defenestratus's picture

Good luck competing with your neighbor in the next county with your Ox and plow.


AustriAnnie's picture

If you have the food, they will drive out to YOU with anything you want in exchange.  You won't need to go in to town to get anything, everything will come to you for barter.  Seems to me, vendors will spring up closer to food sources due to cost to transport, eventually towns emerge closer to farms/food/trade centers.  

HungrySeagull's picture

Yes they operated just fine. When you had day light to plow. Grow maybe 10 acre if you were strong and hearty. (After removing stumps and stones)

You need big wife with many children to run this farm and sell anything extry to make the winter.

mess nonster's picture

I live on a farm. here is a list of my self-propelled motor vehicles:

1975 Ford 1-ton truck

1988 Toyota Pickup

1991 toyota pickup

1963 Massey ferguson tractor (Inop)

1954 international tractor (inop)

1999 Nissan pickup (wife's)

I also have welders, tillers, lawn mowers, etc, etc. Without gasoline, I'm screwed. I spend a lot of time rebuilding motors and otherwise doing mechanical stuff. I am going to get a team of mules. Honestly. Here are my options>

1. Stop farming and become a mechanic, since that's what I spend all my time doing anyway.

2. Farm the "modern" way, which means I spend all my time at the Farm Bureau, getting loans/grants/extensions/refinancing/second/third/fourth mortgages/sale of extra chilren, etc, etc, in order to find the capital to buy all the new equipment that doesn't constantly break down so I can sit on (in) the tractor, instead of bury my head in its innards.

3.i can go backwards, meaning horse farmiing. Slower, yes, but capital outlays are commensuratelly lower, equipment is simpler, more robust, doesn't break down as much. I think this is the wave of the future. Farmers will either be managers(slaves) for corporate behemoths, or small (very small) non-petroleum based independent producers who find ways to maximize capital by minimizing debt intensive farming. The most important fertilizer on the modern farm is money.

Gully Foyle's picture

mess nonster

I was just talking to a Schwans driver who had been a farmer.

Lost his dairy farm. Farmed rented land and welded on the side. Stopped farming for the insurance Schwans offered. Still welded on the side. Went back to farming, on I assume, rented land.

He was growing Potatoes for one of the local food manufacturers.

Many farms are Grape which get sold to Welchs.

CrashisOptimistic's picture

Factoids, gentlemen:

A John Deere 400 Hp tractor was clocked tilling 1 acre at 2.3 minutes.  That was with a wide tiller behind it going a straight line.  Surface area of whatever 20 ft by XXXXXX feet forward to add up to 1 acre of area.  2.3 minutes.

A team of oxen can do that in 8 hrs with a man walking behind them.

Behold, oil.

LFMayor's picture

Well said sir. 

That's before you add in all the petro dervived herbicides and pestisides that keep those plants growing until harvest, too.  Let alone the actual act of harvest.

Another thing, I cannot think of a single source of real oxen that I've ever seen.  Mules, horses aplenty, but no real oxen, only dairy or beef cattle. 

hedgeless_horseman's picture



I cannot think of a single source of real oxen that I've ever seen. Mules, horses aplenty, but no real oxen, only dairy or beef cattle.

That is because oxen are just regular cattle trained to pull a load.  A single cow may be a dairy cow, ox, and then beef in the course of its lifetime, usually in that order.  

LFMayor's picture

Thanks HH, I always assumed there were seperate breeds kept for hauling, like Belgian or Pircheron in horses.

akak's picture

Well I'll be damned!

All these year, and I always thought that oxen were not just a separate breed, but a separate species from domestic cattle!  I had to go and research the matter to finally confirm my decades-long mistake.  You learn something new every day.

Citxmech's picture

Joel Salatin is more productive without the tilling or massive fossil fuel inputs by rotational grazing utilizing portable electric fences.

Check him out.

kralizec's picture

Hilarious post, the swings from high to low were a real treat!

Eclipse89's picture

Supersized private debt.

Supersized cars.

Supersized people.

Less McDonald and more small cars guys, your health and your wallet will bless you.

Defenestratus's picture

Hello Mr. Gross Stereotyper. 


I'm captain generalization.  We should start a club.

Sandmann's picture

In the US cars are not "sold" they are "leased" on finance plans. Detroit does not make cars, it finances them through captive financing subs. The famed "Yugo Loan" of a car with a 24 month life being financed on an 84 month Note is symptomatic. People trade cars for different financing plans and without 0% deals Detroit would have bitten the dust 20 years ago.

Problem Is's picture

+1... Excellent analysis...

Outside of you and hh... most of these commenters today are propagandized Ameriakns, who can't think out side of the box corporate control advertising gives them and are as the title mentions... asleep at the wheel...

ZH has better thinkers than this...

tradebot's picture

Go ride your moped and hush.

GeneMarchbanks's picture

Usual recap + now you've decided 'cars' are part of the problem. Classic Quinn.

Truth is much of the States never had an alternative to driving. Try public transport in all Western cities except maybe Frisco, and it'll all be very clear why Americans 'love their SUVs, pick-ups, and their 8 cylinder luxury vehicles'. The 'public' never demanded a choice in transport.


Joe Davola's picture

If it wasn't for all the cars crumbling the infrastructure where would all the shovel ready jobs come from?


Usually the Putz-Gazette is only worthy of sports and weather page, but this article is interesting:


Government coulda funded the locks and dams that are in need of repair with the money that lined the pockets of cronies at Solyndra.

DocinPA's picture

Gold, food and ammo, Baby.  The new (old) currency.  It will not be pretty.  I hope all you people in big Blue cities have some viable plans.

Jason T's picture

Gasoline will be a big problem in the next coming years, if not this summer.  Gas shortages in the US within 3 years I predict.

paulbain's picture

Jason T wrote:

Gasoline will be a big problem in the next coming years, if not this summer.  Gas shortages in the US within 3 years I predict.

The federal government will probably impose fuel price controls soon, within the next 18 months. A few months after that imposition, it will be very difficult to buy fuel at the legal price, due to the shortage of fuel available at that price. This shortage will force many Americans to buy fuel on the black market, where the price of fuel will be much higher than the legal price. Count on it.

-- Paul D. Bain

RealFinney's picture

Choose your poison of the Peak Oil free market or price controls:

<=== There's oil available and I can't afford it.

<=== The oil is cheap, but there's none to be had.

HungrySeagull's picture

They dont know pedal to the metal.

Holley Double Pump this beiotch and high rise stack this shit on risers blown by glasspacking baby.

Only need a dollar for the 1/4 mile.. or is that 10.00 now?

Oh wait. Not legal in California?


No wonder our kids slide around corners with today's cars. IT's all they can do.

Sophist Economicus's picture

"illogical love affair"????

Gee Quinn, what happened to individual choice and preferences? Sounds like you have an "illogical love affair" with YOUR opinion.

memyselfiu's picture

I always wondered how a person who touts 'personal choice and preference' would answer the question "If almost everyone's personal choice and preference is to go to the starboard side of the ship and capsize the boat, will the libertarians sink or swim'?

StychoKiller's picture

Most libertarians are intelligent enough to keep an inflatable life raft on their person, should they suffer a momentary lapse of reason and find themselves on board such a ship.  Liberty and freedom demand that you be responsible for yourself/actions at all times.