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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.

Feb-12

% Chg Feb’11 YTD 2012
Cars

612,145

23.9

1,080,466

Midsize

304,601

25.6

532,818

Small

225,061

26.5

397,838

Luxury

81,476

22.7

147,647

Large

1,007

-85.8

2,163

Light-duty trucks

537,251

7.6

982,217

Pickup

148,956

13.8

273,430

Cross-over

225,621

0.4

412,974

Minivan

64,849

15.3

111,764

Midsize SUV

54,827

15.3

101,813

Large SUV

16,783

-5.4

31,566

Small SUV

13,926

24

25,951

Luxury SUV

12,289

12.4

24,719

 

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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Mon, 03/19/2012 - 09:53 | 2269332 williambanzai7
williambanzai7's picture

Don't forget Uganda.

Mon, 03/19/2012 - 10:03 | 2269364 Gully Foyle
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?)

https://www.youtube.com/watch?v=8np54vddgu4

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

Mon, 03/19/2012 - 09:56 | 2269343 Wakanda
Mon, 03/19/2012 - 09:58 | 2269354 becky quick and...
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.

Mon, 03/19/2012 - 10:00 | 2269361 kralizec
kralizec's picture

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

Mon, 03/19/2012 - 10:02 | 2269369 Sophist Economicus
Sophist Economicus's picture

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

Mon, 03/19/2012 - 10:02 | 2269370 hedgeless_horseman
hedgeless_horseman's picture

 

 

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

Mon, 03/19/2012 - 10:04 | 2269377 becky quick and...
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.

Mon, 03/19/2012 - 10:13 | 2269410 hedgeless_horseman
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.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPAK1&f=M

Mon, 03/19/2012 - 11:58 | 2269859 Chuck Walla
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.

Mon, 03/19/2012 - 13:49 | 2270291 Citxmech
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.

Mon, 03/19/2012 - 13:57 | 2270319 Flakmeister
Flakmeister's picture

Yep...

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

Mon, 03/19/2012 - 14:39 | 2270462 akak
akak's picture

Courtesy of statism

Mon, 03/19/2012 - 15:31 | 2270661 Flakmeister
Flakmeister's picture

Beg pardon??

Mon, 03/19/2012 - 10:05 | 2269388 Gully Foyle
Gully Foyle's picture

hedgeless_horseman

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!

Mon, 03/19/2012 - 10:26 | 2269446 hedgeless_horseman
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.

Mon, 03/19/2012 - 10:47 | 2269569 Gully Foyle
Gully Foyle's picture

hedgeless_horseman

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.


Mon, 03/19/2012 - 10:54 | 2269598 hedgeless_horseman
hedgeless_horseman's picture

 

 

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

Mon, 03/19/2012 - 11:03 | 2269655 Gully Foyle
Gully Foyle's picture

hedgeless_horseman

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.

Mon, 03/19/2012 - 12:36 | 2269992 takinthehighway
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.

Mon, 03/19/2012 - 16:32 | 2270889 Miffed Microbio...
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 thing....it exploded. Had some great aerial shots of it on San Diego traffic reports.

Miffed :-)

Mon, 03/19/2012 - 10:15 | 2269431 Defenestratus
Defenestratus's picture

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

 

Mon, 03/19/2012 - 10:33 | 2269499 hedgeless_horseman
hedgeless_horseman's picture

 

 

This is how 99% of my neighbors in the next county compete for waffle irons.   I like my chances competing against them for food. 

Mon, 03/19/2012 - 17:08 | 2270983 AustriAnnie
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.  

Mon, 03/19/2012 - 10:16 | 2269437 HungrySeagull
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.

Mon, 03/19/2012 - 10:47 | 2269566 mess nonster
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.

Mon, 03/19/2012 - 10:52 | 2269597 Gully Foyle
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.


Mon, 03/19/2012 - 11:52 | 2269838 CrashisOptimistic
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.

Mon, 03/19/2012 - 12:04 | 2269883 LFMayor
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. 

Mon, 03/19/2012 - 12:35 | 2269974 hedgeless_horseman
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.  

Mon, 03/19/2012 - 12:40 | 2270013 LFMayor
LFMayor's picture

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

Mon, 03/19/2012 - 15:01 | 2270536 akak
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.

Mon, 03/19/2012 - 13:41 | 2270265 Citxmech
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.

Mon, 03/19/2012 - 09:57 | 2269355 kralizec
kralizec's picture

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

Mon, 03/19/2012 - 10:01 | 2269366 Eclipse89
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.

Mon, 03/19/2012 - 10:14 | 2269428 Defenestratus
Defenestratus's picture

Hello Mr. Gross Stereotyper. 

 

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

Mon, 03/19/2012 - 10:03 | 2269374 Sandmann
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.

Mon, 03/19/2012 - 10:34 | 2269502 Problem Is
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...

Mon, 03/19/2012 - 10:04 | 2269380 tradebot
tradebot's picture

Go ride your moped and hush.

Mon, 03/19/2012 - 10:04 | 2269382 GeneMarchbanks
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.

 

Mon, 03/19/2012 - 10:12 | 2269425 Joe Davola
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:

 

http://www.post-gazette.com/stories/news/environment/locked-and-dammed-o...

 

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

Mon, 03/19/2012 - 10:06 | 2269392 DocinPA
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.

Mon, 03/19/2012 - 10:08 | 2269408 Jason T
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.

Mon, 03/19/2012 - 12:00 | 2269872 paulbain
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

paulbain@pobox.com

Mon, 03/19/2012 - 13:20 | 2270177 RealFinney
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.

Mon, 03/19/2012 - 10:10 | 2269411 HungrySeagull
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?

Nuts.

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

Mon, 03/19/2012 - 10:10 | 2269418 Sophist Economicus
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.

Mon, 03/19/2012 - 13:18 | 2270167 memyselfiu
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'?

Mon, 03/19/2012 - 20:08 | 2271404 StychoKiller
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.

Mon, 03/19/2012 - 10:12 | 2269424 Defenestratus
Defenestratus's picture

I like how this article seems to indicate that our cars are the real problem in the world.  I don't think this person actually lives in the US, or if he does, its in an urban, cesspit area of groupthunk liberalism.

Its not possible to live in the rural United States without a utility vehicle of some kind.  Good luck driving on those unplowed roads 25 miles to the grocery store in a snowstorm in your volt.

SUV's and light duty trucks serve the requirements of many families better than econocars.

And as for this "super sized" American (6'6" tall) I cannot even fit in a prius or smartcar.  A smartcar does not have a 5000lbs towing capacity that I need for towing my sailboat.  It cannot fit me, the wife, the kid, the dog, and all of our gear for a long weekend trip to the coast while towing said boat.

Why do you want to make me feel guilty for owning an SUV?  I don't understand.  It was, and still is, the most reasonable consumer choice for my needs

Mon, 03/19/2012 - 10:18 | 2269444 HungrySeagull
HungrySeagull's picture

I am over 6 foot myself and the damn small things are getting harder to bend into every year.

Thank god for 18 wheels and a 100 inch bunk house.

Mon, 03/19/2012 - 10:26 | 2269476 Flakmeister
Flakmeister's picture

Fine... your choice... don't complain about the price of gas though....

Mon, 03/19/2012 - 13:24 | 2270174 memyselfiu
memyselfiu's picture

dingdingdingdingding

EDIT "It is your constitutional right to complain as much or as little as you see fit."

Mon, 03/19/2012 - 10:46 | 2269557 Cast Iron Skillet
Cast Iron Skillet's picture

I sure wouldn't want to make you feel guilty about owning a SUV.

But i would be willing to wager that most of the SUVs are purchased by urban cowboys who will never, ever drive on unplowed roads. And I can see a case that such folks are wasting resources.

Mon, 03/19/2012 - 11:01 | 2269639 A Lunatic
A Lunatic's picture

And what resources are you wasting, and who gets to decide? I'd be willing to wager there's lots of stuff you "don't need"...........

Mon, 03/19/2012 - 11:42 | 2269796 LFMayor
LFMayor's picture

now, you should know to not back talk your betters like that.  Just exactly what do you think a constitutional republic is for, if not for your betters to decide your needs? /sarc off.

Mon, 03/19/2012 - 13:40 | 2270258 Cast Iron Skillet
Cast Iron Skillet's picture

I'm not going to force anyone to stop wasting resources. They can do that as long as they want to and can afford to. However, I stand by my right to be of the opinion that they are wasting resources.

Mon, 03/19/2012 - 13:54 | 2270306 TaxSlave
TaxSlave's picture

As are you when you breathe?

 

Mon, 03/19/2012 - 16:43 | 2270921 Cast Iron Skillet
Cast Iron Skillet's picture

Oxygen is completely renewable. And I have enough trees, grass, etc. on my property to make up for what I breathe ... probably even with enough left over for the likes of you.

Mon, 03/19/2012 - 12:41 | 2270016 piceridu
piceridu's picture

Come to Cali...Santa Monica, Bev Hills, West LA,...Range Rover, Escalades, Denali paradise...not a flake of snow or gravel roads....in Santa Monica all you see are Range Rovers...but they need SUVs for the travel and traction...ever try driving over 3 homeless guys laying in your driveway with a Prius?

BTW...thought this was interesting:  http://www.freerepublic.com/focus/f-news/1800912/posts

Mon, 03/19/2012 - 11:23 | 2269724 Blankman
Blankman's picture

Defenestratus - what do you sail.

Mon, 03/19/2012 - 11:54 | 2269848 CrashisOptimistic
CrashisOptimistic's picture

China is buying 20+ million cars this year.  India a nice chunk of their own.

It's not "our" cars that is the problem.

Mon, 03/19/2012 - 10:17 | 2269438 aerojet
aerojet's picture

 Obviously someone who has never lived in a rural area of the US--bitching about how pepole like to drive cars!  I do not doubt that marketing has played a key role in getting Americans to purchase status through unecessarily large vehicles.  But you know what?  It's none of your business what someone else does with their money, no matter how stupd it may be.  I feel much the same way--I see a lot of waste in our system.  However, I'm avoiding the totalitarian impulse of wanting to control what others do.  I said in a previous post to another article that high gas prices aren't all bad--they will force the terminally stupid to finally evaluate their behavior and do something about their own over-consumption.  That's the nice thing about markets and prices--they sometimes do work, even when they are so incredibly manipulated.  Hopefully, this is not just some huge social experiment cooked up by the neo-communists that everyone accuses the Obama Administration of being in cahoots with.  But it could be social manipulation by "our betters"--no crazy conspiracy is truly impossible these days.

 

Mon, 03/19/2012 - 10:20 | 2269455 HungrySeagull
HungrySeagull's picture

If you live here in the south, you will own a pickup at some point. You cannot do without.

It's hard to find tires that big these days but they are out there.

Mon, 03/19/2012 - 11:55 | 2269851 BigJim
BigJim's picture

  But you know what?  It's none of your business what someone else does with their money

Quinn's point is that these vehicles are not being bought with someone else's money - they're being backstopped by the taxpayer through bailouts and inflation.

Mon, 03/19/2012 - 10:22 | 2269457 DosZap
DosZap's picture

America is not like any of the countries you put up( China is on its way,but has many years yet to be close)............this is a huge country.(try driving 11hrs, and only crossing half your state.)

You cannot get by without vehicles, and a piss poor mass transit system.

Mon, 03/19/2012 - 10:24 | 2269469 Sunshine n Lollipops
Sunshine n Lollipops's picture

Situation normal, all fucked up. Carry on.

Mon, 03/19/2012 - 10:28 | 2269487 Joaquin Menendez
Joaquin Menendez's picture

My mom remembers the red trolleys in Los Angeles.  She said you could travel anywhere in LA on a trolley.  That was before GM and Goodyear bought them all, ripped up the tracks and burned the trolleys.  It would require a $trillion at least to undo that damage now.

Mon, 03/19/2012 - 10:41 | 2269529 GeezerGeek
GeezerGeek's picture

For some residents of the lower end of the economic ladder, owning a large vehicle (Stupid Limited Utility Truck) could actually make more sense than owning a Prius or other small car. Once the house gets foreclosed one would still have a reasonably sized place to live.

Personally, I'd like to see all such vehicles, whether pickup trucks or SUVs, taxed at a higher rate, particularly if not used for commercial purposes. I get mad when I, in a normal car, get surrounded by those oversized behemoths and prevent my seeing what's ahead. Alternatively, make all passenger vehicles, including SLUTs and SUVs, transparent in approximately the same areas as normal car windows exist.

These popular vehicles are, of course, an unintended consequence of government policy dating back decades. The government imposed CAFE standards that essentially outlawed family-friendly vehicles like the mid-sixties station wagon, sometimes known as mommy-mobiles. I can understand a parent wanting safety for the kiddies, but would rather be driving behind a 5000 lb. 1968 Bonnefille wagon that has glass windows through which I can see than an Escalade or MDX. Thanks, Washington.

Mon, 03/19/2012 - 12:06 | 2269828 LFMayor
LFMayor's picture

Who gives a rats ass what you like.  Sounds like you have no fucking business driving anyway you old fool.  Sell your goddam faux wood panel Aries K and get the fuck out of those people's way, they're probably trying to make a living while paying for your dick pump via medicare tax.

Mon, 03/19/2012 - 13:22 | 2270187 memyselfiu
memyselfiu's picture

lol! Hugged much as a child?

Mon, 03/19/2012 - 10:46 | 2269558 Stuck on Zero
Stuck on Zero's picture

I feel really bad.  I could have been goosing the economy and spurring debt instruments.  Instead I'm driving a 15 year old car and my wife is driving a 13 year old car.  So.  I'm going to change.  I've resolved that in another ten years, or so, we'll go out and buy us a set of new wheels.

Mon, 03/19/2012 - 20:14 | 2271423 StychoKiller
StychoKiller's picture

Gotcha beat, my Dodge Dakota pickup is a 1990 vehicle (90,000+miles), do the math.

Mon, 03/19/2012 - 10:49 | 2269576 q99x2
q99x2's picture

Move the car compactors from the junkyards to the end of the assemply lines.

Mon, 03/19/2012 - 12:28 | 2269969 LFMayor
LFMayor's picture

Move the compactors to the welfare office exit.

Mon, 03/19/2012 - 20:15 | 2271424 StychoKiller
StychoKiller's picture

Soylent Green, not just for dinner anymore! :>D

Mon, 03/19/2012 - 10:50 | 2269584 cowdiddly
cowdiddly's picture

Buick eight Roadmaster bitchez Cost an ounce of silver just to start her up and drive around the block. But man will she eat up some road. If you fuckers would have listend to Adolph I could still be driving her. LOL

Mon, 03/19/2012 - 10:55 | 2269609 Mr Drysdale
Mr Drysdale's picture

Of the many cars that I own, all are older and paid for. (no note)

The Hot Rod in my avatar is a true "green" car, The body is from 1930, a modified 1930 model A frame, 1980 Bronco rear end, 1957 pontiac V8. 1955 Chevy steering box and so on. The only thing "NEW" on it is bushings, brake pads and lines. I even got used headlamps from the boneyard.

Henry Ford, world renowned tightwad, built a few (12?)Stainless Steel 1936 Ford coupes slated for production. His reasoning was that the bodies would last forever, and as technology advanced, (auto transmissions,power steering, air conditioning) His basic chassis and body design was made in such a way that these advancements could be engineered by Fomoco to fit these coupes.Just take your 'old car' in every few years to the dealer and get it upgraded.

But, people in general need "neato, new, cool, shiny"stuff every so often, and the idea was cancelled. There is one of these coupes at the Crawford Museum in Cleveland.

Mon, 03/19/2012 - 11:16 | 2269694 irie1029
irie1029's picture

Truth is most people are to stupid to see the horrible lives they are building for themselves with debt. 

Mon, 03/19/2012 - 11:22 | 2269712 Blankman
Blankman's picture

This guys article was a bunch of horse shit, for example he says:

"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."

- sounds to me like the author of the article is very keen at using the same tactics to sell his mindless sputterings as the "evil" people he quotes in his own article.  You are part of the same damn system pal.  Know thyself. 

Mon, 03/19/2012 - 11:34 | 2269761 Jim Quinn
Jim Quinn's picture

Fuck you douchebag.

Say something coherent and maybe we won't treat you like a shit eating monkey, you blithering idiot.

Know yourself.

 

 

Mon, 03/19/2012 - 14:14 | 2270377 TeresaE
TeresaE's picture

Glad to see you making friends and influencing people all over the web.  Biggest smile I've had all day Jim, thanks.

Mon, 03/19/2012 - 16:54 | 2270937 DavidPierre
DavidPierre's picture

TE:

Best you wipe that shit eating grin off your face.

Some basic research and ancient ZH history.

"WHO'S LYING?"

Go back ... these links...  read SmokeyQuinn's sordid history.

This is just some of the classic shit SmokeyQuinn runs on the web.

See:
#577149

#577421

#495628

...................................................................................

#577815
Jason Rines, @ www.RagingDebate.com Smokey Quinn's former webmaster...

"Smokey and Jim are the same people, YES.

I mapped both the I.P.'s back to his office at Wharton."

Now... this is the WORD of a ZH member, who RAN AND GAVE FOR FREE,  to SmokeyQuinn a website for over a year.

This webmaster dumped him after many and repeated lies and out right class bigotry and obscene racist postings.

Quinn is a hypocrite surrounding himself by 'ewe lovin' sycophants.

........................................................................................

Quinn is THE problem... not just a symptom.

The guy is absolutely stupidist about The9/11 and believes everything in the offical lies and untruths of the Mafia/Nazi/Government conspiracy theory.

"YUP!... Three buildings just fall down...end of story."

He's just a convenient tool for the system...spouting economic BS... just more Smokey & Mirrors.

SmokeyQuinn's is an angry Philly HillyBilly: an ivory tower right wing racist reactionary.  Quinn sucks at the government tit every day, while pretending to have all these great those "Fourth Turding" insights!

......................................................................................

SmokeyQuinn:

Go on back to your shit blog! You will always have 'your sheep' who will still respect you in the morning.

Mon, 03/19/2012 - 15:12 | 2270575 DavidPierre
DavidPierre's picture

Why the fuck do you always respond like a total asshole?

Can you not at least try to be civil?

You bleed cognitive dissonace with such childish comments.

http://www.youtube.com/watch?v=AVY-iQDO8pg

Grow up... MORON!

 

Mon, 03/19/2012 - 15:16 | 2270592 Jim Quinn
Jim Quinn's picture

Back to the barn you one trick pony nutjob.

Remember to take your lithium.

And don't forget to post a 9/11 youtube in every comment.

You're not nuts. Just keep saying that.

 

 

Mon, 03/19/2012 - 15:34 | 2270679 DavidPierre
DavidPierre's picture

SmokeyQuinn:

As a One Prick Phony, you're unable to even understand yourself.

Best watch ... then STFU!

Ignorance is Strength

http://www.youtube.com/watch?v=yuC_4mGTs98&feature=player_embedded

 

Mon, 03/19/2012 - 15:51 | 2270737 Jim Quinn
Jim Quinn's picture

Time to go back and jerk off to video of Building 7 falling.

Mon, 03/19/2012 - 16:35 | 2270859 DavidPierre
DavidPierre's picture

The best porn in the world is produced by NWO Nazis.

WTC 7 — Remember Building 7

http://www.youtube.com/watch?v=7TT016ORlxU

If your attention span is longer than half a minute...  doubtful ... even a MORON like you might learn something.

It must really suck to be you and "Know yourself"  on ZH, as a outed LIAR.

 

 

 

 

Mon, 03/19/2012 - 20:55 | 2271558 Jim Quinn
Jim Quinn's picture

Mental illness must be a heavy burden.

Mon, 03/19/2012 - 21:11 | 2271617 DavidPierre
DavidPierre's picture

You should know SmokeyQuinn...

You're the sickest mother fucker on ZH.

Till you understand the truth behind 9/11 you will remain in a self-created and self-maintained mental institution.

Now... be a good little muppet and do your homework assignment... it is already many years over due.

At this rate you will never get out of 'special class'.

http://www.ae911truth.org/ 

Tue, 03/20/2012 - 08:00 | 2272626 Jim Quinn
Jim Quinn's picture

Do you keep your Zero Hedge Demented Troll of the Year award on your mantle or in the barn with your girlfriends?

Don't forget to take your lithium.

 

Mon, 03/19/2012 - 11:24 | 2269727 Meremortal
Meremortal's picture

All you luddite fuckers that don't like cars get your bus passes and bicycles and shut the fuck up.

Mon, 03/19/2012 - 11:56 | 2269853 LFMayor
LFMayor's picture

Those fucking hippies junked you bro, for blaspheming their golden calf, but I'm with you.

Gas was hard to find and "very" expensive in the Road Warrior, too.  But you didn't see any fucking bicycles at all, did you?

We'll see you on the road skag.  We'll see all you shaved leg, helmet wearing wrinkle whistle playing twinks just like we saw the Night Rider.

Mon, 03/19/2012 - 12:18 | 2269913 samsara
samsara's picture

Ya we know,   and you cut down all the Truffula trees in your area for a good profit.

Good on you.

Oh and btw,  I think we have Just enough trees left to build at least ONE more giant head sculpture for the island. 

And thanks to helping getting us to where we're going just a little bit faster and in style.   Ride on Thelma and Louise.

Mon, 03/19/2012 - 13:30 | 2270214 memyselfiu
memyselfiu's picture

thank you samsara for some non-testosterone laden logic to counter the cave dwellers. Nice Easter Island reference by the way....

 

Mon, 03/19/2012 - 11:30 | 2269747 ElvisDog
ElvisDog's picture

My question about all articles of this sort is "When?". I know all the facts and I know the logic behind them, but the ponzi keeps rolling along year after year. It's like someone in Gaul looking at the state of the Roman Empire in 250 A.D. and concluding that it was unsustainable and was sure to collapse. They were correct but would have had to wait 200 years to see it really happen.

Mon, 03/19/2012 - 11:52 | 2269840 LFMayor
LFMayor's picture

Yeah, but Rome didn't have leeches Section 8,  EBT, WIC, "Warm Hearts" and free motherfucking cell phones draining all their blood.

That's why it took so long for them to fall over.  This is the information/electronic age,  everything moves faster.

Mon, 03/19/2012 - 11:33 | 2269757 El Gordo
El Gordo's picture

I love my 2 Suburbans, the fact that I weigh 400 pounds, and that I can fart like a pack mule all day (and all night) long.  I usually leave them running with full AC all the time so it won't get too hot inside and set my ammo off.  Life is good.

Mon, 03/19/2012 - 12:09 | 2269897 LFMayor
LFMayor's picture

Well, at least the 400 lbs part was spoken true about yourself.  I imagine your wife doesn't "let" you have guns, does she?

Mon, 03/19/2012 - 19:50 | 2271355 El Gordo
El Gordo's picture

When you weigh 400 pounds and fart all the time odds are you don't have a wife to tell you what to do.

Mon, 03/19/2012 - 16:46 | 2270933 Miffed Microbio...
Miffed Microbiologist's picture

I hope you don't smoke too. Lighting a match in that scenario may be hazardous.

Miffed:-)

Mon, 03/19/2012 - 11:34 | 2269758 haskelslocal
haskelslocal's picture

Due to game theory and the benefit of being an outlier, I'm more than thrilled that the mass of muscle heads arn't climbing on board and complimenting their fleet with at least one gas saving car.

50 miles per gallon and it goes as fast as everyone else while bringing us to the pump 1/3 the time and, do to a 100 mile commute per day, saving us $100 per week. Guess what that means? The car pays for itself. It's free.

$5000 grand per year, without an ounce of stress, either remains in pocket or IS your car payment.  

Mon, 03/19/2012 - 11:45 | 2269802 bobola
bobola's picture

I prefer the life of a contrarian.

Wife and I have zero debt.

I ride a touring bicycle with panniers to work and for weekend shopping errands as weather permits. 

I've seen Bernays explained in the BBC doc The Century Of The Self (everyone reading this should see that free online doc...does a very good job of explaining how we have become a mindless consuming society) and have read about his methods.

He proved that human society is a collection of sheeple easily manipulated via mass media.

Do the opposite of everyone else.  Pay off all debt and stack cash and precious metals.

Leave the TV & computer off and read books.  Buy what you need, but carefully consider buying what you want.

Mon, 03/19/2012 - 13:36 | 2270235 memyselfiu
memyselfiu's picture

excellent documentary, along with THE TRAP, another Adam Curtis doc.

 

 

Mon, 03/19/2012 - 11:45 | 2269812 Jack Burton
Jack Burton's picture

Good article, if a bit long winded!

Sure, the recovery is fake, built on an ocean of deficit spending by government and private entities. It is gonna blow up, when is anyones guess, but it WILL blow up.

The author may be on to something in the gas price area. Even people not in financial difficulty feel the pain at the pump now, it would be a disaster at 5 dollars a gallon. This could trigger the depression on steroids we all see coming.

War on Iran? Bad idea! Negotiate and integrate. Christ, Israel alone could wipe them off the planet with 1/10th of their nuclear force. Does anyone think Iran doesn't KNOW that?? Speak up!

Mon, 03/19/2012 - 11:46 | 2269817 Pairadimes
Pairadimes's picture

Can you say "Bullish auto sales in China", bitchez? Knew you could.

 

You can have my '71 Z28 when you pry it from my cold, dead hands.

Mon, 03/19/2012 - 11:52 | 2269825 Chuck Walla
Chuck Walla's picture

Don't hate me because I am beautiful.  The MSM isn't wrong about the recovery, they do not care about the recovery. Its all about getting Braack re-elected so they can bask in their own coolness.  Fuck the chumps who listen to them, they are mere fodder for the 1%.  We are the Morlocks to Braack's Eloi.  The NYT is all the Eloi fit to eat.  They sacrifice the occasional privileged child, Johnny  "Bags" Corzine exempted and the Morlocks eat another day.

Mon, 03/19/2012 - 11:57 | 2269860 mholzman
mholzman's picture

I like to think everything is a conspiracy theory. Problem is that contradicts my thoughts on  intellectual abilities. So here, with this essay on autos, I say, no to conspiracy theory. Yes, to vested interests: 

The vehicle was a wonderful invention. It did not run a normal course of use your feet or use your auto. The government built roads to expand our territory. Along the way, the auto industry took root: distance became trivial. The poor lost the option of even a horse and got stuck with a bus or worse.  If the government had stayed out of the road building business and instead had let the market pay for the roads, we would all be much closer together and there would be virtually no need for auto and accompanying medical insurance to cover the deaths and disability. 

We probably would not have needed to meltdown all those cars in "Cash For Clunkers " for the good of the green initiative and to aid the auto/dealer employees(rs).

 Great data, yet it's all driving in circles to me.

Mon, 03/19/2012 - 12:03 | 2269879 tahoebumsmith
tahoebumsmith's picture

One of the reasons for cash for clunkers was to rid America of vehicles that people could pay cash for in turn forcing subprime borrowers into their leases. The mentality is that if they aren't making their house payment they should be able to afford their car payment right? Wrong, the same subprime bubble used to line pockets in the real estate boom is now being used in the auto industry. It's a one trick pony thats only taker is a deperate person that needs wheels to get to their new job at Mc Donalds. Another very important aquisition that deserves an honorable mention was the purchase of the largest subprime lender back in 2010 by none other then GM. GM purchased Americredit for 3.5 billion dollars back in 2010 and now became the largest subprime lender in America. Sound familiar? A federally owned GM is now the lender of last resort? Seems like Uncle Sam just can't get enough of the subprime paper these days. So there you have your comeback in the Auto industry, GM and the government teaming up to reward the squatters with a new set of wheels. They brought back the ' Heartbeat Of America" Campaign under a different light this time, meaning anyone with a heartbeat could own a new Escalade with all the bling. The answer to solving the debt crisis with more debt is bad enough, however trying to solve it with more bad debt is simply the kiss of death! Pretty amazing recovery now isn't it? The same people that have been squatting in their GMAC mortgage for the past 3 years are signing the Ally lease contract on their new Chevy Tahoe. I guess if all you got left to keep your ponzi scheme going is deadbeats, you better buy up the largest subprime lender and stuff everyone of them into your shiny new shit boxes. Once again this is only being made possible by the FED... With low interest rates and free money for everyone, heck why dont we just call it a BONANZA?

 

Mon, 03/19/2012 - 12:20 | 2269936 Dr. Acula
Dr. Acula's picture

"The Madison Avenue media maggots"

Maggots? Really??? They provide a vital service.

As von Mises states in Human Action, "The consumer is not omniscient. He does not know where he can obtain at the cheapest price what he is looking for. Very often he does not even know what kind of commodity or service is suitable to remove most efficaciously the particular uneasiness he wants to remove. At best he is familiar with the market conditions of the immediate past and arranges his plans on the basis of this information. To convey to him information about the actual state of the market is the task of business propaganda... The restriction of the right of businessmen to advertise their products would restrict the freedom of the consumers to spend their income according to their own wants and desires. It would make it impossible for them to learn as much as they can and want about the state of the market and the conditions which they may consider as relevant in choosing what to buy and what not to buy."

 

 

Mon, 03/19/2012 - 14:06 | 2270348 Baleful Runes 4 U
Baleful Runes 4 U's picture

I hope acula is being satirical

Mon, 03/19/2012 - 15:32 | 2270668 Dr. Acula
Dr. Acula's picture

Not at all. Since it seems you haven't read Human Action, and don't understand Austrian Economics, maybe a video will help. Watch this video from Rory Sutherland http://blog.mises.org/17197/roy-sutherland-on-the-praxeology-of-marketing/

As he explains, advertising is an integral part of business and not ancillary.

I find calling advertisers "maggots" to be both offensive and absurd.

 

Mon, 03/19/2012 - 15:39 | 2270688 Baleful Runes 4 U
Baleful Runes 4 U's picture

How does my statement indicate I don't understand austrian economics? haha

Your use of the quote in that context and then your response to me are quite Pavlovian.

Who said anything about banning advertising?

You can criticize how something is implemented without advocating for it to be legally proscribed.

Moron.

 

 

Mon, 03/19/2012 - 15:48 | 2270718 Dr. Acula
Dr. Acula's picture

>You can criticize how something is implemented

Then go for it. Let's hear your criticism. Explain how people err in choosing to pay vast sums to the "maggots". Explain how you would run your advertising firm to best satisfy customers so as to obtain financial gains while leaving the others with financial losses.

>Who said anything about banning advertising?

von Mises mentioned it in passing. He also states, "In order to succeed, advertising must be adjusted to the mentality of the people courted.It must suit their tastes and speak their idiom. Advertising is shrill, noisy, coarse, puffing, because the public does not react to dignified allusions. It is the bad taste of the public that forces the advertisers to display bad taste in their publicity campaigns."

 

Mon, 03/19/2012 - 15:58 | 2270771 Baleful Runes 4 U
Baleful Runes 4 U's picture

We come from very different weltanschauungs so I doubt this would be productive. I have no interest in "satisfying customers".

". It is the bad taste of the public that forces the advertisers to display bad taste in their publicity campaigns."

haha what a common whore philosophy.  It's also, expanded into other spheres, part of the reason america is going to fall, and fall hard.

Go watch the first few minutes of the movie Idiocracy. That's all I'll say on this topic of pandering and devolution. haha

Mon, 03/19/2012 - 16:05 | 2270795 Dr. Acula
Dr. Acula's picture

>I have no interest in "satisfying customers".

So you don't work in retail? And I guess you also don't have a boss, who is effectively a customer consuming your labor. It must be nice to be independently wealthy.

>haha what a common whore philosophy.

And what do you have against providing entertainment services in exchange for money?

>Go watch the first few minutes of the movie Idiocracy.

I already saw that movie. Now google and read Human Action. Or watch the video I linked to. Having a different Weltanschauung is no excuse for wallowing in ignorance.

Mon, 03/19/2012 - 16:08 | 2270809 Baleful Runes 4 U
Baleful Runes 4 U's picture

ok, my bad, you ARE doing satire.    For a minute there I thought you were one of those robotic simpletons who cling to a single ideological authority, and quote it at any opportunity.

Mon, 03/19/2012 - 16:18 | 2270841 Dr. Acula
Dr. Acula's picture

>america is going to fall, and fall hard

I'm not sure what you mean exactly. We've dealt with collapsed currencies before ("not worth a continental"). What do you think is going to happen? Do you think the corruption, oppression, and financial bubbles and time bombs are notably worse here than in other countries? Where should I go to find the Land of Cockaigne?

 

Mon, 03/19/2012 - 12:25 | 2269962 Cow
Cow's picture

I own an SUV.  You own a Prius.  I don't drive much.  You drive down to the mall 50 times to look at shit.  Which is better?  Who gets to decide?

This is why we have prices.

 

Mon, 03/19/2012 - 15:52 | 2270743 Dr. Acula
Dr. Acula's picture

You should be ashamed. You are hastening the heat death of the universe for your mere amusement.

 

Mon, 03/19/2012 - 16:35 | 2270894 memyselfiu
memyselfiu's picture

yeah. now if only externalities were taken into account maybe prices would mean something....

Mon, 03/19/2012 - 12:39 | 2270006 yogibear
yogibear's picture

It's OK. Bernanke and the fed have everything figured out with their economic models. They will just print out way out with massive inflation.  Already prices are rising 20 to 30%, but the government claims only 3% inflation. Just liew and fool the public. Extend and pretend. It's been working for the last several years. No country has seriously called Berenanke and the Fed on their games.

Mon, 03/19/2012 - 12:46 | 2270041 sangell
sangell's picture

While there are politicians who are 'evil most are merely mendacious. They know the solutions they offer are shit but what can you offer the public and get reelected? The truth? Come on! How are you going to tell the low income people of Philadelphia they need a new outlook on life a lot more than a new car or tell the union workers that make the cars that there is no real demand for their product absent Ally bank giving loans to fools willing to buy a depreciating asset until it is repossessed? If that's how you plan on running for office you are as dumb as they are.

Mon, 03/19/2012 - 12:51 | 2270064 frostfan
frostfan's picture

I'm surprised that Tyler/George Washington let this article get through.  The idea that the American Consumer of gasoline and their love of cars might be the reason we find all these Middle East wars compared to the daily article blaming Israel for all the wars we're in seems to have slipped through the cracks.

Then again, I guess Georgie can write an article blaming Israel for Americans loving their cars and back it up with the usual half-truths and conspiracies.

Mon, 03/19/2012 - 14:19 | 2270394 Jim Quinn
Jim Quinn's picture

Wow.

Some people are too dense to comprehend the most basic truths.

Thanks for providing the view from the ignorant masses.

Mon, 03/19/2012 - 13:10 | 2270143 Yardfarmer
Yardfarmer's picture

Econometric Modeling on display here, hatched in the halls of the Wharton School of Finance and Commerce, is the template for the cooked statistics of the B(L)S. Wharton, is generally regarded as the number uno business school internationally.

The current "challenge to the corporate structure" as practiced and promulgated by certain alumni of this prestigious academic institution is rife with the toxic economic and social agendas of the notorious Tavistock Institute designed, along with many other subliminal psychological mechanisms, to promote the decades long and highly successful de-industrialization of the United States with the ultimate goal of reducing the population by some 100 million by the year 2050.

The mostly unchallenged assumptions of the environmental movement as to the necessary elimination of the industrial manufacturing and the exportation of such means of production, its "harmful" technological commodities, its residual pollution, and endemic inflationary spiral to growing "third world" markets, China and India in particular, paves the way for the establishment of Agenda 21 throughout the continental United States.

The "challenge to the corporate structure" fostered by the decades long engineered economic collapse and already successfully being integrated into the social and economic discourse is elemental to these plans.  What limited industry that remains is to be concentrated in increasingly delimited urban areas, while fostering pervasice and predominant corridors of off limits "environmental" exclusion zones.

The acceptance of such radical societal and economic transformations requires, above all, an operant psychological conditioning of the post industrial consumer society to the compelling and irrefutable need for economic austerity and the subsequent curtailment of energy production and usage by a shrinking populace. As the conduit for the applied practicum of Freud and Bernays in the subliminal and unconscious suggestion practiced in advertising techniques and political propaganda, the Tavistock Institute and ancillary organizations are the single most effective means to this end.

 

Mon, 03/19/2012 - 14:17 | 2270383 Jim Quinn
Jim Quinn's picture

HUGE YAWN

You are a pompous blowhard.

Nothing but one run on sentence of drivel written by a dimwit trying to prove he's smart, not dumb like everyone says.

Right Fredo?

http://www.youtube.com/watch?v=vYabrQrXt4A

Mon, 03/19/2012 - 13:45 | 2270283 FeralSerf
FeralSerf's picture

It's a mistake to believe that the number of automobiles one has is directly proportional to the amount of fuel he/she uses. I have two cars (for only one person), a 4WD pickup truck that is only used when I need something that big or because it snows, and a much more economical Honda that I use most of the time. Owning two vehicles decreases my fuel needs. Neither vehicle is worth very much.

Cars are very cheap in the U.S. if the cost is measured in hours worked. I suggest that's the primary reason Americans have so many of them.

Compare the cost Americans pay for a car with just about anyone else.

Mon, 03/19/2012 - 15:03 | 2270539 LFMayor
LFMayor's picture

Oh man... you went and talked about American exceptionalism again.  Just because most of Europe only works 30 hours a week, retires at age 51 and helps mother gaia by not wasting water on bathing doesn't make them any less special than some knuckle dragging redneck. 

I mean, who the hell do these Americans think they are?  Carrying forty odd percent of their population as well as feeding various fly infested shithole countries and keeping the seas open for commerce for the past 60 years doesn't make you any better than anyone else, especially if you don't embrace green technology and all that other crystal worshipping mathematical and laws of physics challenged shit. /sarc off.

Mon, 03/19/2012 - 16:36 | 2270898 Dr. Acula
Dr. Acula's picture

>Europe... helps mother gaia by not wasting water on bathing

That's barbaric. In USA, we conserve water by pinching it off early: http://mises.org/daily/3997

"This act, passed during an environmentalist hysteria, mandated that all toilets sold in the United States use no more than 1.6 gallons of water per flush. This was a devastating setback in the progress of civilization."

 

Mon, 03/19/2012 - 16:39 | 2270911 memyselfiu
memyselfiu's picture

way to highlight your utter knuckle dragging ignorance by generalizing....

 

Mon, 03/19/2012 - 17:36 | 2271019 smiler03
smiler03's picture

You're dead right about cars being far cheaper in the US than say for example, the UK. 

Whilst acknowledging that not all cars are identical spec, here's a built in US/UK/Germany comparison

Chevy Camaro Coupé:

US  from $23,280   UK from £34,995 ($55,620)

Jaguar XJ:

US  from $73,700   UK from £55,515 ($88,240)

Porsche Boxster S:

US  from $61,850   UK from £45,384 ($72,130)

edit: The UK prices include taxation, I'm not sure if the US ones do or even whether thare are any taxes. 

Mon, 03/19/2012 - 13:47 | 2270286 aerial view
aerial view's picture

One of the main reasons for the sheeple's contradictory behavior of buying or leasing a new vehicle when they have poor credit and low income is that they have become conditioned to abandon their parent's mentality of "a penny saved is a penny earned, save for the future and live within our means" and replaced it with "I want it now, live for the moment, don't worry about tomorrow, he/she can afford it, so can I". I have observed this in 80-90% of adults in the 21-60 age group. They simply can't help themselves and are addicted to spending no matter what may happen to them tomorrow. Blame it on the MSM, celebrities and tv shows and movies which glorify irresponsible, excessive spending without showing the consequences and total lack of critical thinking by adults. The same neurotic mania has been repeated time and time again with large screen tv and i-pad/phone purchases and will continue until of course, it can't!

Mon, 03/19/2012 - 14:23 | 2270409 Baleful Runes 4 U
Baleful Runes 4 U's picture

 Americans don't care about intellectual, artistic, or "spiritual" values, so where are they going to find fulfilment? Even straight-up hedonism can't satisfy them (cf Wilhelm Reich).

BUY BUY BUY

Maybe it will allay some of that mass-thanotic anxiety for a moment

 

 

Mon, 03/19/2012 - 16:47 | 2270929 Dr. Acula
Dr. Acula's picture

>contradictory behavior of buying or leasing a new vehicle when they have poor credit and low income

I disagree. I think borrowing from an expanding and progressively debased money supply to acquire tangible goods is a reasonable form of speculation. It's ABC investing: Anything But Cash.

People would seek greater cash holdings if Bernanke stopped pressing Ctrl-P every 2 seconds.

 

Mon, 03/19/2012 - 13:56 | 2270316 Uncle Remus
Uncle Remus's picture

Top down on a '67 Firebird, blond in the passengers seat, rollin' down the 101.

It'll never be the same.

https://www.youtube.com/watch?v=qRKNw477onU&feature=related

Mon, 03/19/2012 - 15:15 | 2270590 tony bonn
tony bonn's picture

although far too long, this article is nonetheless superb in its diagnosis of our overseas imperialistic lust for oil.....the usa is a rapacious blood letting terrorist state whose only concern, as smedley butler declared, is the satisfaction of the plutocratic elite...

everywhere the usa has administered its "services", it has left nations impoverished and bereft of any self sufficiency - all to satisfy our lustful psychopathic desires at home....

cuba, phillipines, puerto rico, samoa, fiji - you name it and the colonial rapemeisters have left underdvelopment and poverty....it is even happening on its home shores....

chalmers johnson speaks of this phenomenon of both the usa and british....while they are lording and larding it over everyone else, they leave lazarus' crumbs for everyone else....

Mon, 03/19/2012 - 15:23 | 2270618 W10321303
W10321303's picture

"I get my advice from the advertising world, treat me nice party girl, Coke ads life where there isn't any now freeze, Hit the Deck' (Coka Cola, London Calling, The Clash)

"And you may say to yourself, MY GOD, what have I done? Same as it ever was, same as it ever was, the twister comes, here comes the Twister" (Once in a Lifetime/Talking Heads)

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