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Guest Post: Bad Moon Rising

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Submitted by Jim Quinn of The Burning Platform

Bad Moon Rising

I see the bad moon arising.
I see trouble on the way.
I see earthquakes and lightnin’.
I see bad times today.

Creedence Clearwater Revival – Bad Moon Rising

 

“Human history seems logical in afterthought but a mystery in forethought.” – The Fourth Turning – Strauss & Howe

The above statement by historians William Strauss and Neil Howe is
very significant as we try to make sense of the events unfolding before
our very eyes in today’s world. On September 17, a mere six weeks ago, a
few hundred young people showed up in Zuccatti Park in Lower Manhattan
to protest our corrupt, broken and Wall Street manipulated economic and
political system. That first night, approximately 100 protestors
occupied the park and were outnumbered by the NYPD in full riot gear.
The idea to Occupy Wall Street began circulating on the internet in late
August. The Millenial Generation used their social networks and put
their tech savvy talents to work. Before long, thousands of protestors
showed up in cities across the U.S. The model for this movement was the
successful demonstrations in Egypt and Tunisia, earlier in the year.

 

The initial reaction among mainstream media and politicians across
the land was bemusement. A bunch of young hippy throwbacks were going to
make a meaningless statement and then fade away. The attention span of
Americans is as long as the commercial break between contestants on
Dancing With the Stars. Everyone knows the Millenials aren’t to be taken
seriously. They are a bunch of spoiled, coddled, lazy college kids who
need to get a job. But a funny thing happened during the commercial
break. The kids held their ground. They didn’t leave. More young people
arrived. More young people began protesting in cities across the
country. Middle aged people began to get involved. Even some older
people joined the cause. Before long there were thousands of people
getting involved. It spread to Europe, with young people occupying
London and Rome. Donations and supplies began to pour in from around the
world. There’s something happening here, but what it is ain’t exactly
clear.

The six weeks since September 17 have been chaotic, venomous,
confusing, and verging on deadly. Wall Street gyrated wildly with stocks
falling 8% by October 3 and rebounding by 15% by October 28 and
plunging again this week. The Economic Cycle Research Institute (ECRI)
declared the country was headed back into recession on September 30:

“It’s important to understand that
recession doesn’t mean a bad economy – we’ve had that for years now. It
means an economy that keeps worsening, because it’s locked into a
vicious cycle. It means that the jobless rate, already above 9%, will go
much higher, and the federal budget deficit, already above a trillion
dollars, will soar. Here’s what ECRI’s recession call really says: if
you think this is a bad economy, you haven’t seen anything yet. And that
has profound implications for both Main Street and Wall Street.”

The ECRI has called the last three recessions with no instances of
false alarms. Last week, the Conference Board announced the Consumer
Confidence Index plummeted to two and a half year low of 39.8, last seen
in March of 2009. The Dow Jones was trading at 6,500 in March 2009,
some 47% below today’s level. It is an interesting dichotomy between how
the average American feels about the world and how the Wall Street
elite feel about their Ben Bernanke sheltered world. The Consumer
Confidence Index was 110 in 2007 and 140 in early 2001. We’ve come a
long way baby.

During these past six weeks the European Union has teetered on the
verge of disintegration. Non-stop negotiations, agreements, plans,
declarations, special purpose vehicles, bailout funds, and lies have
poured forth on a daily basis. Greece still lives – on a ventilator – as
it has been brain dead for months. The sole purpose of all the public
relations efforts, press conferences, summit meetings and lies has been
to keep European banks, their stockholders and bondholders from
accepting the consequences of their irresponsible lending to the PIIGS.
Essentially, the German people have been put on the hook for losses that
should have been born by the stockholders and bondholders of the
biggest French, German, Belgian and English banks. The EU has put a
tourniquet over a cancerous tumor. The entire world is awash in bad debt
and until this debt is liquidated, we will stagger from crisis to
crisis like a drunken sailor. John Hussman describes the master plan:

In effect, European leaders have
announced “We have agreed to solve our debt problem, leveraging money we
do not have, to create a fund, which will then borrow several times
that amount, in order to buy enormous amounts of new debt that we will
need to issue.”

As politicians and central bankers around the world desperately try
to keep their debt drenched ponzi scheme going for awhile longer, the
mood darkens among the populations of developed countries around the
world. I came across a quote from, of all people, Vladimir Lenin that
describes how the last six weeks seemed to me: 

“There are decades where nothing happens; and there are weeks where decades happen.”

It seems like history is accelerating. Momentous events have been
occurring regularly since 2007. Our political and financial leaders are
blindsided on a daily basis by each new crisis. The majority of the
American public continues to be apathetic, willfully ignorant, and
constantly absorbed by their array of electronic gadgets and mindless
drivel spewed at them by media conglomerates. Rather than think
critically, most Americans allow left wing and right wing mainstream
media to formulate their opinions for them through their propaganda and
misinformation operations. Linear thinkers, who make up the majority of
the political, social, media and financial elite in this country,
believe the world progresses and moves ever forward. In reality, the
world operates in a cyclical fashion, with generations throughout
history reacting to events in a predictable manner based upon their
stage in life. The reason the world has turned so chaotic, angry and
fraught with danger since 2007 is because we have entered another Fourth
Turning. Strauss & Howe have been able to document a fourfold cycle
of generational types and recurring mood eras in American history back
500 years. They have also documented the same phenomenon in other
countries.

The housing collapse, near meltdown of our financial system,
revolutions in the Middle East, economic turmoil in Europe, poisoned
political atmosphere in Washington DC, and most recently the Occupy Wall
Street movement are part of a larger cycle. The four living generations
have each entered the phases of their lives that will lead to a
convulsive upheaval and destruction of the existing social order. We’ve
entered a twenty year period of Crisis as described by Strauss &
Howe:

“A CRISIS arises in response to
sudden threats that previously would have been ignored or deferred, but
which are now perceived as dire. Great worldly perils boil off the
clutter and complexity of life, leaving behind one simple imperative:
The society must prevail. This requires a solid public consensus,
aggressive institutions, and personal sacrifice. People support new
efforts to wield public authority, whose perceived successes soon
justify more of the same. Government governs, community obstacles are
removed, and laws and customs that resisted change for decades are
swiftly shunted aside. A grim preoccupation with civic peril causes
spiritual curiosity to decline. Public order tightens, private
risk-taking abates, and crime and substance abuse decline. Families
strengthen, gender distinctions widen, and child-rearing reaches a
smothering degree of protection and structure. The young focus their
energy on worldly achievements, leaving values in the hands of the old.
Wars are fought with fury and for maximum result
.” - Strauss & Howe

History is Cyclical, not Linear

“There is a mysterious cycle in human events. To some generations
much is given. Of other generations much is expected. This generation
of Americans has a rendezvous with destiny.”
Franklin Delano Roosevelt  

  

I’ve been trying to decipher which direction this Fourth Turning will
lead, and the last six weeks has started to crystallize my thinking.
I’ve been fascinated by the intense reactions, opinions and arguments
that have taken place across the airwaves and internet regarding the
true nature of the Occupy movement. Some of the reaction is based upon
pure ideological grounds, with media outlets like Fox News, the Wall
Street Journal, NY Post and CNBC, disparaging, ridiculing and demeaning
the movement. The anti-rich tone of the protests may not sit well with
the multi-billionaire owners (Rupert Murdoch, Mort Zuckerman, Roberts
Family) of these mega-media corporations. The liberal media such as
MSNBC, Huffington Post, and CNN have sometimes been fawning over the
movement in an effort to co-opt it into liberal Tea Party for the
benefit of Obama and the Democratic Party. The propaganda and
misinformation coming from both these ideological camps is easy to
discern for a critical thinking person. Sadly, the nation is filled with
people that don’t want to think. Therefore, they let their opinions be
formed by talking heads on a TV screen.

These reactions were predictable. What caught my attention was the
generational reaction to Occupy Wall Street. I know all the rugged
individualists out there chafe at being lumped into a generational
cohort, but the fact remains that groups of people born during the same
time frame encounter key historical events and social trends while
occupying the same phase of life. Because members of a generation are
molded in lasting ways by the eras they encounter as children and young
adults, they also tend to share certain common beliefs and behaviors.
Aware of the experiences and traits that they share with their peers,
members of a generation also tend to share a sense of common perceived
membership in that generation. To deny the reality that large clusters
of human beings tend to act with a herd mentality is contrary to all
visible evidence. The herd mentality can be observed in the Dot-com
bubble, Americans unquestioningly allowing passage of the Patriot Act,
the housing bubble, the mass hysteria over the latest iSomething, Black
Friday riots at retail stores to obtain the “hottest” toy or gadget, and
the slaves to the latest fashions and trends as directed by the
corporate media machine. The masses don’t realize they are being
manipulated by the few who understand the power of propaganda:

“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 Occupy movement is being driven by the Millenial Generation. They
have used their superior technological and social networking skills to
organize, educate, and inspire people to their cause while befuddling
and confusing the authorities. They continue to rally more young people
to their fight against Wall Street and K Street tyranny. The
generational lines of battle are being drawn. The Baby Boom Generation,
who is at the point of maximum power in society, fears this movement.
They control Wall Street, corporate America, Congress, the courts,
academia and the media. They have reached their peak of influence and
power, which will rapidly wane over the next fifteen years. They see the
Occupy movement as a threat to their supremacy and control of the
system. The cynical, alienated, pragmatic Generation X is caught between
the Boomers and the Millenials in this escalating conflict. It is
likely the majority of this generation will side with the Millenials,
realizing the future of the country depends on them and not the elderly
Boomers. To clarify, not every Boomer, Gen Xer, or Millenial will act in
concert with their generational cohort. But it doesn’t matter if a few
cattle stray from the herd, when the herd is stampeding in one
direction. 

The chart below details the Strauss & Howe configuration of
generations and turnings for the last two Saeculums in American history.
They describe their generational theory in the following terms:

“Turnings last about 20 years and
always arrive in the same order. Four of them make up the cycle of
history, which is about the length of a long human life. The first
turning is a High, a period of confident expansion as a new order
becomes established after the old has been dismantled. Next comes an
Awakening, a time of rebellion against the now-established order, when
spiritual exploration becomes the norm. Then comes an Unraveling, an
increasingly troubled era of strong individualism that surmounts
increasingly fragmented institutions. Last comes the Fourth Turning, an
era of upheaval, a Crisis in which society redefines its very nature and
purpose.”
Strauss & Howe

Each new generation is born approximately three years prior to the
next turning. This results in Strauss & Howe having a slightly
different generational grouping than government demographers.

Great Power Saeculum (82)
Missionary Generation Prophet (Idealist) 1860–1882 (22) High: Reconstruction/Gilded Age
Lost Generation Nomad (Reactive) 1883–1900 (17) Awakening: Missionary Awakening
G.I. Generation Hero (Civic) 1901–1924 (23) Unraveling: World War I/Prohibition
Silent Generation Artist (Adaptive) 1925–1942 (17) Crisis: Great Depression/World War II
Millennial Saeculum (67+)
(Baby) Boom Generation Prophet (Idealist) 1943–1960 (17) High: Superpower America
13th Generation Nomad (Reactive) 1961–1981 (20) Awakening: Consciousness Revolution
(a.k.a Generation X)
Millennial Generation(Generation Y) Hero (Civic) 1982–2004 (22) Unraveling: Culture Wars, Postmodernism, Digital Technology
New Silent Generation (Generation Z) Artist (Adaptive) 2004–present (6+) Crisis: Great Recession, War on Terror, Declining Superpower, and Globalization

 

There is nothing mystical about their theory. Strauss & Howe are
historians who have created a framework for understanding why people act
a certain way to events differently, depending on which stage of life
they occupy. The theory is so logical because it is based upon the
average 80 year life cycle of a human being. A human being goes through
four stages during their life: childhood, young adulthood, midlife, and
elderhood. During each of these stages, you will react to the same event
in a very different manner. During an 80 year cycle, there will be four
generations at different stages of their life. The interaction between
the generations at each 20 year turning determines how history is
steered through the events of that cycle. The life cycle stages can be
seen in this chart:

         
  Prophet Nomad Hero Artist
High Childhood Elderhood Midlife Young Adult
Awakening Young Adult Childhood Elderhood Midlife
Unraveling Midlife Young Adult Childhood Elderhood
Crisis Elderhood Midlife Young Adult Childhood
         

 

Strauss and Howe compare the saecular rhythm to the seasons of the
year, which inevitably occur in the same order, but with slightly
varying timing. Just as winter may come sooner or later, and be more or
less severe in any given year, the same is true of a Fourth Turning in
any given Saeculum. The theory does not predict the events which drive
history, but it does predict the generational reaction to events
depending upon their age. We entered the Fourth Turning Crisis in 2007
with the housing collapse and the implosion of our financial system. The
configuration of elder self righteous Boomers at 60 years old, midlife
pessimistic Gen Xers at 40 years old, and coming of age Millenials at 20
years old is an explosive mixture that will provide the impetus and
fury to this period of catharsis and pain. Winter has arrived. There is
no way to avoid it. The bitter winds have begun to blow. The first harsh
front arrived in 2008 with the near meltdown of the worldwide economic
system. There has been a lull in the biting gale force winds of this
Crisis through the shoveling of massive amounts of newly created debt
into a system already drowning in debt. The Occupy movement and the
impending collapse of the European Union charade will usher in the next
blizzard of pain and suffering. We hurdle towards are rendezvous with
destiny.   

“The ‘spirit of America’ comes once a
saeculum, only through what the ancients called ekpyrosis, nature’s
fiery moment of death and discontinuity.  History’s periodic eras of
Crisis combust the old social order and give birth to a new. A Fourth
Turning is a solstice era of maximum darkness, in which the supply of
social order is still falling—but the demand for order is now rising. 
It is the saeculum’s hibernal, its time of trial. Nature exacts its
fatal payment and pitilessly sorts out the survivors and the doomed. 
Pleasures recede, tempests hurt, pretense is exposed, and toughness
rewarded—all in a season.”
Strauss & Howe

Millenials Rising

Over the last six weeks I’ve watched as the young protestors around
the country have been called: filthy hippies, losers, lazy, coddled,
socialists, communists, spoiled college kids, parasites, useful idiots,
and tools of the left. Most of the wrath being heaped upon these young
people for exercising their Constitutional right to free speech and
freedom of assembly has been from the Baby Boom Generation, who are at
the peak of their power in our society. Sixty percent of the Senate is
made up of Baby Boomers, with the next closest generation being the
Silent Generation with twenty five percent. Over 58% of the House of
Representatives is made up of Baby Boomers, with the next closest
generation being Gen Xers at 27%. They occupy the executive suites of
the Wall Street banks (Blankfein, Dimon, Pandit, Moniyan) and the
Federal Reserve (Bernanke). They make up the majority of judges, local
politicians and school boards. They run the Federal government agencies.
And they dominate the airwaves as the high priced mouthpieces for their
corporate bosses. This Prophet generation will lead the country through
the trials and tribulations of this Fourth Turning.

The disdain and contempt for these Millenial protestors flies in the
face of the facts about this generation. They use drugs at a lower rate
than their parents did at the same age. Teen crime rates and teen
pregnancies have declined. They will have the highest level of college
education in U.S. history. They were protected during their youth as
organized sports taught them teamwork. They are the most technologically
savvy generation in history. They volunteer at higher level than
previous generations. They have been more upbeat and engaged than their
predecessors (Gen X). And they are much closer to their parents than
Boomers were at the same age. They reject the negativism and cynicism of
their parents and believe positive change is possible in our society.
They have shown respect for authority up until the last six weeks. They
were primed to be led by Boomers that could articulate a positive vision
of the future based on reality and a better tomorrow. They were ready
to make sacrifices in order to create a brighter future. But a funny
thing happened. The Boomer generation failed to deliver on their part of
the bargain.

Prior Hero Generation Americans had braved the winter at Valley Forge
and stormed the beaches of Normandy as Prophet leaders like Ben
Franklin and Franklin Roosevelt provided inspirational guidance and the
vision of a better tomorrow. Strauss & Howe accurately assessed the
Millenial Generation in their book Millenials Rising: The Next Great Generation, published in 2000 when the 1st Millenials were graduating high school:

“As a group, Millenials are unlike
any other youth generation in living memory. They are more numerous,
more affluent, better educated, and more ethnically diverse. More
important, they are beginning to manifest a wide array of positive
social habits that older Americans no longer associate with youth,
including a new focus on teamwork, achievement, modesty and good
conduct. Only a few years from now, this can-do youth revolution will
overwhelm the cynics and pessimists … will entirely recast the image of
youth from downbeat and alienated to upbeat and engaged — with
potentially seismic consequences for America.” -
Strauss & Howe

The youth of America listened to their parents and stayed in school.
They’ve racked up over $1 trillion in student loan debt getting college
educations. Meanwhile, our Baby Boomer leadership had an opportunity to
address the country’s unsustainable fiscal path by accepting the
consequences of a thirty year debt binge and liquidating the banks that
took extreme risks with extreme leverage. An orderly liquidation (aka
Washington Mutual) would have punished the stockholders, bondholders and
management of the Wall Street banks, while leaving the depositors whole
and purging the system of debt that can never be paid off. Our
politicians could have ended our wars of choice in the Middle East and
cut our war spending by hundreds of billions without sacrificing one
iota of safety for the American people. The political leadership could
have put the country on a deficit reduction path that would have insured
the long-term viability of our republic.

Instead of doing the right thing, our Baby Boomer leaders did the
exact opposite of the right thing. They held the American taxpayer
hostage and absconded with trillions of their tax dollars and handed it
over to the same Wall Street banks that had run the largest fraud scheme
in world history and blew up the worldwide financial system. The Boomer
Chairman of the Federal Reserve decided to not only save the Wall
Street banks but to purposefully try to pump up the stock market, while
destroying the lives of savers and senior citizens with his zero
interest rate policy. His policies have led to a surge in energy and
food prices and contributed to revolutions in the Middle East. The Wall
Street banks have used the accounting gimmick of relieving loan loss
reserves to create fake profits over the last two years. Wall Street
celebrated by paying themselves $60 billion in bonuses between 2008 and
2010. The poster boys for the .1% Jamie Dimon and Lloyd Blankfein
“earned” $23 million and $19 million respectively in 2010.

The politicians borrowed trillions from future unborn generations to
inflict a Keynesian nightmare of solutions on the American economy that
included: an $800 billion porkulus program, $22 billion pissed down the
toilet on a homebuyer tax credit as home prices are now lower, $3
billion for Cash for Clunkers that cost $24,000 per car sold, loan
modification schemes, tax credits for windows, doors and appliances, and
payroll tax cuts. The result of all the Federal Reserve and politician
“solutions” has been to increase the National Debt by $5.3 trillion in
three years, a 55% increase. It took the country over 200 years to
accumulate the first $5.3 trillion in debt. Everything done thus far has
benefitted only the top 1%. The real unemployment rate is 23%. The real
inflation rate is between 5% and 10%. The economy is headed back into
recession. But at least the top 1% are doing well, as the stock market
has risen 84% from its 2009 lows. Somehow, the oligarchy that runs this
country is taken aback by the protests growing increasingly contentious
across the country. It is not a surprise to those who understand the
cyclical nature of history and the darkening mood in this country, which
has been deepening since the Tea Party protests of 2009.

Hope You Are Quite Prepared To Die

Hope you got your things together.
Hope you are quite prepared to die.
Looks like we’re in for nasty weather.
One eye is taken for an eye.

Creedence Clearwater Revival – Bad Moon Rising

  

It seems the young people in this country have realized they have no
future when the system is run for the benefit of an oligarchy consisting
of Wall Street banks, mega-corporations, media conglomerates, and
puppet politicians in Washington D.C. These people will stop at nothing
to retain their wealth and power. Not only do they want to retain it,
they are actively trying to increase it. They have achieved their goal
beyond all expectations, and are still able to convince a large portion
of the population through their propaganda machine they deserve every
penny. The chasm between the “Haves” and “Have Nots” has never been
greater in U.S. history. The truth is that Americans have always admired
entrepreneurs like Steve Jobs and Bill Gates who created businesses,
created jobs, and ended up with vast wealth. But, that is not the wealth
protestors on Wall Street and across the country are angry about. They
are angry at the hyper-concentration of wealth in the hands of men that
have rigged the system in their favor through bribery (lobbying &
contributions), fraud (no-doc loans & AAA rated toxic derivatives),
accounting schemes (special purpose vehicles & suspending mark to
market) and holding the American middle class hostage (TARP & zero
interest rates). When the 400 wealthiest Americans own more than the
“lower” 150 million Americans put together, you have a system that is
badly broken.

Do the Millenials have a right to be angry? The table below shows how
the economic solutions of the oligarchy have worked out for the youth
of our country. There are 19 million young people between the ages of 18
and 29 that are not working. Some are still in college, but most are
not. That is a lot of potential Occupiers.  

   
Age Group %  not employed
18 to 19 65%
20 to 24 40%
25 to 29 27%
   

After observing the reactions to the OWS movement over the last few
weeks, I’m more convinced than ever that different generations view the
same event through the prism of their own life experiences, beliefs,
prejudices, and biases. I’ve found the Baby Boomers have generally been
doubtful of the protestors’ motives, condescending towards their
intelligence, scornful about their appearance, and derogatory regarding
their flaunting of authority. This is fascinating considering that
Boomers love to reminisce about their glory days protesting the Vietnam
War. The Boomer generation was at this same age configuration in 1970.
Their GI Generation parents probably had the same opinions about the
long haired, drug using, sex crazed youthful Boomers in 1970. Now the
Boomers are the establishment and they don’t like seeing their authority
challenged by these naïve troublemakers. Strauss & Howe saw the
likelihood of this conflict back in 1997 when the oldest Millenials were
only 15 years old:

“When young adults encounter leaders
who cling to the old regime (and who keep propping up senior benefit
programs that will by then be busting the budget), they will not tune
out, 13er-style. Instead they will get busy working to defeat or
overcome their adversaries. Their success will lead some older critics
to perceive real danger in a rising generation perceived as capable but
naïve.” –  
Strauss & Howe

The Millenials spearheading these protests are most certainly
capable. In a matter of six weeks they have created a worldwide movement
occupying every major city in the world. The biggest complaints coming
from the Boomers is they are naïve, misguided, immature, and don’t
understand the real problem. The bitter condemnation of the protestors
for breaking a myriad of minor administrative laws, regulations,
ordinances, and curfews is beyond laughable. Fox News, CNBC, the Wall
Street Journal, NY Post and the other mouthpieces of the ruling
oligarchy are apoplectic about the young protestors camping out in
public parks, but they were not too concerned by the Wall Street banks
systematically defrauding millions of people by creating mortgage
products designed to deceive.

They weren’t irate when Wall Street held Congress hostage for a $700
billion ransom. They weren’t enraged when Ben Bernanke bought a trillion
dollars of toxic mortgage debt from the Wall Street banks at 100 cents
on the dollar. They weren’t furious when the government officials forced
the FASB to abandon mark to market rules, allowing the Wall Street
banks to falsely report their financial statements. But, they are
outraged by young people exercising their right to free speech and right
to assembly. When their paid armies of thugs attack the protestors with
tear gas and billy clubs, they declare the protestors had it coming. It
seems the 150 year old American tradition of civil disobedience to
protest unjust laws, defined by Henry David Thoreau, is not too popular
among Boomers or the corporate mainstream media.

“Unjust laws exist: shall we be
content to obey them, or shall we endeavor to amend them, and obey them
until we have succeeded, or shall we transgress them at once?” –
 Henry David Thoreau 

Many of the protestors are naïve, misinformed about the true causes
of the financial crisis, impulsive, and seeking solutions that would
result in more government control. Their critics say they should be in
Washington DC, not on Wall Street. The Boomers don’t like their
flaunting of rules and regulations imposed by local authorities. Again,
the older generations have conveniently forgotten how naïve, impulsive
and rebellious they were at the age of 20. The amazing thing to me is
this generation never showed this side during their younger years. Their
slogans like “Tax the Rich” are misguided. They need assistance from
older generations, but instead they are getting beaten and arrested by
the older generation. Some Boomers, like William Black, have opened a
dialogue with the protestors, but the majority of Boomers are resistant
to the movement. In prior Fourth Turnings, the Hero archetype followed
the orders of the Prophet archetype. I fear the Boomer Generation,
through their intransigence and refusal to proactively address our
structural problems, have set in motion a revolutionary chain of events
that will lead to class warfare and possibly civil war in this country.
The real danger, as experienced in other countries (France, Russia,
China), is that a demagogue could gain control. Strauss & Howe
envisioned that possibility in 1997:

“This youthful hunger for social
discipline and centralized authority could lead Millenial youth brigades
to lend mass to dangerous demagogues. The risk of class warfare will be
especially grave if the 20% of Millenials who were poor as children
(50% in the inner cities) come of age seeing their peer-bonded paths to
generational progress blocked by elder inertia. Unraveling era adults
who are today chilled by school uniforms will be truly frightened by the
Millenials’ Crisis-era collectivism.” –  
Strauss & Howe

The most outrageous accusation made against the protestors is they
are somehow responsible for their current plight. The Boomers declare
they are spoiled kids who need to get a job. A critical thinking
analysis of the Millenial Generation demographics reveals how ridiculous
it is for Boomers to blame Millenials in any way for our current
economic debacle. There are 97 million Millenials and 54 million of them
are under the age of 20. Another 21 million are between the ages of 20
and 24, barely getting started in the real world. Only 39 million of
them were eligible to even vote in the last Presidential election. It
should be clear to even the most dense CNBC anchor that the young people
protesting in the streets are not to blame for the raping and pillaging
of the U.S. economic system by the barbarians on Wall Street over the
last thirty years, with the consent and encouragement of the bought off
politicians in Washington D.C.

Generation Age Total Pop.(mil)
G.I. 86–109 6
Silent 69–85 22
Boomer 51–68 73
Gen-X 30–50 83
Millennial 7–29 97
Homeland – 6 29

 

After placing the living generations in their assigned age buckets, I
was shocked to see the Millenials being, by far, the largest
generation. I had assumed it was the Baby Boom Generation. At their peak
in 1970 they totaled 76 million and made up 37% of the U.S. population.
But, time has not treated them well. Approximately 3 million have left
this earth and they only make up 24% of the population. Both Gen X and
the Millenials now outnumber the Baby Boomers. They will continue to see
their power wane as the years roll by. The Millenial power will grow as
the Fourth Turning progresses, since they make up 31% of the population
today and will see that ratio grow as the G.I. and Silent generations
die off. There are very few people remaining that lived through the last
Fourth Turning. The initial phase of this Crisis has revolved around
the Wall Street induced housing collapse with the consequences of not
enforcing the rule of law by liquidating insolvent banks and prosecuting
the white collar criminals that reaped ungodly profits by committing
fraud on an epic scale. This has left the country with an unsustainable
level of debt, a hollowed out economy, and unemployment at Great
Depression era levels, while Wall Street bankers, media titans, and
career politicians reap compensation packages fit for kings. Jesse from Jesse’s Café Americain describes our political system perfectly: 

Kleptocracy:“rule by thieves”
is a form of political and government corruption where the government
exists to increase the personal wealth and political power of its
officials and the ruling class at the expense of the wider population,
often without pretense of honest service.No outside oversight is
possible, due to the ability of the kleptocrats to personally control
both the supply of public funds and the means of determining their
disbursal.
 

The Millenials were raised by parents who believed government could
solve all our problems. The welfare-warfare state became monolithic
during the Boomer reign of error. Therefore, it is understandable these
young naïve revolutionaries still cling to the belief the government can
solve our problems through more taxes or new programs. The point being
missed by all the doubters and detractors of the OWS movement is these
young people have zeroed in on the right culprits. They are not stupid.
They understand these basic facts:

  • The $15 trillion National Debt, headed to $20 trillion by 2015, is the gift we are leaving to the Millenials.
  • The $100 trillion of unfunded entitlement liabilities will never be honored by the time the Millenials retire.
  • The Millenials know the $1 trillion per year spent maintaining our
    military empire is more than the next 18 countries’ spending combined,
    and it benefits only the corporations peddling armaments, while making
    us less safe.
  • The soldiers getting killed and wounded in our wars of choice in the Middle East are predominantly Millenials.
  • There are 14,000 professional lobbyists in Washington D.C.
    representing mega-corporations, unions, trade groups and other special
    interests, which have doled out $30 billion over the last decade
    influencing (bribing) politicians to write the laws in their favor, and
    not one lobbyist was working for the Millenials.
  • Millenials know Wall Street has spent $154 million on political
    contributions and $383 million on lobbying in the last decade. The
    buying of political influence by our bastions of crony capitalism was as
    follows: Goldman Sachs – $46 million; Merrill Lynch – $68 million;
    Citigroup – $108 million; J.P. Morgan Chase – $65 million; Bank of
    America – $39 million.
  • The Millenials know the 71,000 page Federal tax code and 140,000
    pages of Federal regulations are written to protect the interests of the
    few, not the many.
  • Millenials know the financial industry consciously created products
    designed to induce mortgage fraud, knowingly packaged toxic mortgages
    into derivatives, bribed the rating agencies to rate them AAA, sold
    these worthless instruments to their customers, shorted these same
    derivatives, and pocketed billions in fees and ill gotten gains. After
    blowing up the financial system and costing taxpayers trillions, not one
    person has gone to jail.
  • Millenials know how to read a chart:

 

  • Millenials know that Barack Obama and Mitt Romney are the same face
    of a never changing oligarchy. Change brought about through opposing
    political parties and elections has been rendered obsolete as the
    oligarchy chooses the candidates, uses their wealth to create policies
    and programs, and is able to control the masses with their propaganda
    message machines.

So here we stand, about five years into this Fourth Turning, with
protests in the U.S. growing increasingly violent and intense. The calls
for civility after the Gabrielle Giffords assassination attempt in
January of this year went unheeded as the political vitriol has grown
increasingly nasty. January seems like a lifetime ago. Revolutions have
overthrown rulers in Tunisia, Egypt, and Libya. Unrest and bloodshed
continues in Syria, Gaza, Yemen, Bahrain and Saudi Arabia. The European
Union is disintegrating before our very eyes and violent protests
against austerity measures flare up on a daily basis in Greece, Italy
and Spain. There is no doubt we have entered the 2nd stage of
this Crisis – the more violent and dangerous stage. I can sense fear
and uneasiness among the more connected members of society. The drones,
which constitute a large portion of America, are highly focused on Kim
Kardashian’s divorce after 72 days and a $10 million wedding. The
Millenials leading the protest movement are connected. They understand
what is at stake. Strauss and Howe had it figured out 14 years ago:

“Of all today’s generations, the
Millenials probably have the most at stake in the coming Crisis. If it
ends badly, they would bear the full burden of its consequences
throughout their adult lives. Yet if the Crisis ends well, Millenials
will gain a triumphant reputation for virtue, valor and competence.” –
Strauss & Howe

So what happens next? The truth is that no one knows what will happen
next. We can only try to connect the dots and peer into a foggy future.
We know that our leaders have not solved any of the financial
imbalances that existed in 2007. They have made them worse, as have
leaders across the world from China to Japan to Europe. We await the
next Lehman moment, except this time it will be a sovereign nation and
the contagion will be ten times greater than the 2008 meltdown. Our
already fragile economy will be brought to its knees in a replay of the
1930s. As nations plunge into economic chaos, civil strife will likely
lead to authoritarian figures rising from the ashes of the turmoil.
Could Russia and China take advantage of this turmoil to acquire new
resources through military means? Possibly. When the American middle
class sees their remaining wealth dwindle to nothing, will they take to
the streets? Revolution seems too remote to fathom, but it seemed remote
in 1764 and 1855 too. When people have nothing left to lose, anything
is possible. The collapse of our economic system is baked in the cake.
Our current fiscal path is destined to end in fatality. Strauss &
Howe knew the outcome of this Fourth Turning would depend upon the
wisdom, strength and fortitude of the American people:    

 “The risk of catastrophe will be
very high. The nation could erupt into insurrection or civil violence,
crack up geographically, or succumb to authoritarian rule. Thus might
the next Fourth Turning end in apocalypse – or glory. The nation could
be ruined, its democracy destroyed, and millions of people scattered or
killed. Or America could enter a new golden age, triumphantly applying
shared values to improve the human condition. The rhythms of history do
not reveal the outcome of the coming Crisis; all they suggest is the
timing and dimension.” –
Strauss & Howe

Winter has arrived. There will be difficult hurdles with many trials
and tribulations in front of us. You may have to choose sides in a
generational war. No one wants to face bitter choices. No one wants
bloodshed and war. But it really doesn’t matter what we want. There is
no real justice in a country that attacks and incarcerates young people
for exercising their right to free speech and dissent, while allowing a
psychopathic Wall Street banking cartel to wreak havoc upon our nation.
The generational alignment is such the existing social order will be
swept away in a violent manner. What replaces the existing order will be
up to the American people. You may lose your wealth, security, freedom,
or life during the coming struggle. The years ahead will require steely
determination and courage like our forefathers exhibited on the frigid
barren fields at Valley Forge, the undulating wheat fields at
Gettysburg, and the bloody beaches of Normandy. I have three teenage
sons at home. My choices will be dictated by what I feel will be best
for their futures. I will do WHATEVER it takes to
secure a better tomorrow for my boys. If that means standing beside them
in battle, so be it. Lines are being drawn. You will not be able to
avoid choosing sides, just as you cannot avoid Winter if you ever want
to see the dawn of another Spring.

 

“History offers no guarantees. We
should not assume that Providence will always exempt our nation from the
irreversible tragedies that have overtaken so many others: not just
temporary hardship, but debasement and total ruin. Since Vietnam, many
Americans suppose they know what it means to lose a war. Losing in the
next Fourth Turning, however, could mean something incomparably worse.
It could mean a lasting defeat from which our national innocence –
perhaps even our nation – might never recover.” –
Strauss & Howe

 


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Wed, 11/02/2011 - 10:03 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Fox news argueing that the tide is floating all boats while ignoring that the rise in income for over 80% of the population is not keeping up with inflation or the real cost of survival.  Fair and balanced indeed.

Wed, 11/02/2011 - 10:10 | Link to Comment devo
devo's picture

Fox should be taken off the air.

Wed, 11/02/2011 - 10:25 | Link to Comment Gene Parmesan
Gene Parmesan's picture

By whom, comrade?

Wed, 11/02/2011 - 10:55 | Link to Comment devo
devo's picture

Well, that's why they're not. Doesn't mean they shouldn't be.

Bloomberg is the best financial channel on TV. At least they try to be objective. Fox is non-stop, blatant propaganda. Only Jim Cramer is more of a disservice to sheeple.

Wed, 11/02/2011 - 11:00 | Link to Comment Syrin
Syrin's picture

I bet you love MSNBC, don't you?

Wed, 11/02/2011 - 11:33 | Link to Comment devo
devo's picture

No, I love Ron Paul and voted for Obama this past election. Not that I wanted to, but the idea of Sarah Palin becoming President was too terrifying. I believe MSNBC is garbage while Fox News is a toilet bowl after a long night of drinking vodka and eating oatmeal.

Let me guess: you're a jerk on the internet trying to stereotype, and I just blew your mind?

Wed, 11/02/2011 - 11:44 | Link to Comment JW n FL
JW n FL's picture

 

 

Corporate Owned News is a control.. used to sway the ignorant masses that have been trained to only pay attention to things that are in heavy rotation from multiple corporate owned news sources.

FOX is no worse than CNBC is no worse than CNN.. they are ALL tools used against the Sheepish Masses, they feed off of each other.

Republicans.. Red Team.. FOX.. Tea Party..

Libertarians (wanna be capitalists).. CNBC..

Democrats.. Blue Team.. CNN.. Occupy Wall Street..

and the divide and conquer.. provided by the Corporate News.. keeps the poor at odds with the other poor and then ALL! the poor suffer together in one big stew pot of ignorance.

I offer, for some lite reading.. for those that just can NOT! for the life of themselves grasp what is happening here.. in America.. today.

 

The Transnational Politics of Public Health and Population Control:

The Rockefeller Foundation’s Role in Japan, 1920s-1950s

By Aiko Takeuchi

Ph.D. Candidate, Department of American Civilization

Brown University

82 Waterman Street, Box 1892

Providence, Rhode Island 02912

http://www.rockarch.org/publications/resrep/takeuchi.pdf

 or..

http://josiah.brown.edu/search~S7?/Xpopulation+management&searchscope=7&SORT=D/Xpopulation+management&searchscope=7&SORT=D&searchscope=07&SUBKEY=population%20management/1%2C580%2C580%2CB/frameset&FF=Xpopulation+management&searchscope=7&SORT=D&4%2C4%2C

The John D. Rockefeller, Jr. Library, otherwise known as "the Rock", serves as the primary teaching and research library for the humanities, social sciences, and fine arts. With some exceptions, the Rock is usually the most appropriate library at Brown in which to begin research on a topic.

http://library.brown.edu/about/rock/

 

Wed, 11/02/2011 - 11:58 | Link to Comment Boba Fiat
Boba Fiat's picture

"No, I love Ron Paul and voted for Obama this past election"

LOL.  Confused much?  That's like saying I love the Apostle Paul but I voted for Simon LaVey.  Either you're a statist or you're not.

Wed, 11/02/2011 - 12:22 | Link to Comment devo
devo's picture

I'm not confused at all. In 2008, I was presented with two choices, and one of them involved Sarah Palin. Hence, I had to choose the other by default.

In 2012, Ron Paul is an option, and therefore I'd like to see him get the GOP nomination so I can vote for him.

It confuses you that someone would not remain steadfast to any one party or idea? It confuses me that someone would given all the implications of doing so.

Wed, 11/02/2011 - 12:32 | Link to Comment XitSam
XitSam's picture

Did you vote for Ron Paul in 2008 Republican primary?

Wed, 11/02/2011 - 12:43 | Link to Comment devo
devo's picture

No, I didn't vote for anyone until the actual Presidential election. I wasn't very political back then--was busy with life issues and couldn't follow the primaries closely. I probably would have voted Ron Paul, though.

Wed, 11/02/2011 - 14:57 | Link to Comment mr_T
mr_T's picture

Like I always said.. sheep grazing on the pasture of mass media.

I too had to vote for NoMoBAMA .. there was something familar about the campaign .. like a can of Pepsi..choice of a new generation...Next campaign should be where the beef Biachezz.

I like to listen to bill Oreally on Fox .. fair & balanced .. just the way I like it..

Wed, 11/02/2011 - 15:30 | Link to Comment chubbar
chubbar's picture

I wrote in Ron Paul even though he wasn't on the ballot. I'll do it again regardless. I've decided I can't face myself or daughter if I do otherwise.

Wed, 11/02/2011 - 19:12 | Link to Comment d_senti
d_senti's picture

You've entirely missed the point. You said Fox News should be taken off the air, thereby promoting the State's ability to infringe on free speech (even when it's as idiotic as MSM, it's still speech) and then promoted Ron Paul, the American Saint of anti-Statism. It sounds like you're new to the whole anto-Statist thing, so it'll take a while for your brain to stop thinking in "someone should do something about that" mode.

 

Vote Ron Paul.

Wed, 11/02/2011 - 12:45 | Link to Comment Bring the Gold
Bring the Gold's picture

Here is someone seeing the light and you mock them. Fuck you.

Also if the choiceis between Statism and Corporatism I choose NEITHER for they are one in the same but ideologues like you, who can't even recognize potential allies like mr. DEVO, can't do the critical thinking required to see that. 

Who controls the state? The money masters.

Who controls the corporate world? The money masters.

Therefore any solution that boosts one while attacking the other will not, and cannot succeed in addressing the problem. OWS often is attacking both the corrupted state and corporations. You would know that if you did your research.

I plan on voting for Paul even though I fear he will further entrench corporate rule at the cost of state regulations that actually protect our quality of life like the DEQ.

I know many moron ideologues think we would somehow be better off with zero regulations (oh for the glory days of the 1870's to 1900's and ZERO labor laws, militarized strike busting ending in massacres eg http://en.wikipedia.org/wiki/Ludlow_Massacre).

If we could tomorrow erradicate the Federal government what would take its place? Unaccountable rule by corporate fiefdoms.

Zibigniew Brezinski predicted exactly that in his Magnum Opus "The Grand Chessboard: American Primacy and it's Geo-Strategic Imperatives".

If you think rule by corporations will have us better off, I have some credit default swaps to sell you.

Wed, 11/02/2011 - 12:55 | Link to Comment Putty
Putty's picture

I presume you meant Anton LaVey.  

Wed, 11/02/2011 - 23:27 | Link to Comment hawks5999
hawks5999's picture

Or Simon LeBon?

Wed, 11/02/2011 - 15:26 | Link to Comment Floordawg
Floordawg's picture

Palin or Obama as president, would it have really changed anything we as a group are concerned about here?

They're just two factions of the business party.

Wed, 11/02/2011 - 11:16 | Link to Comment I am more equal...
I am more equal than others's picture

Left - Right

Democrat - Republican

Antithesis - Thesis

Dumb - Smart

 

The infamous words of Rodney King 'can't we all just get along?'

 

Wed, 11/02/2011 - 12:09 | Link to Comment Thucydides
Thucydides's picture

Eloquently summed up.  This clip seems to support your summation.

http://www.youtube.com/watch?v=1xvnsIodU34 

 

Wed, 11/02/2011 - 14:05 | Link to Comment gangland
gangland's picture

 

James Barber, presidential historian, came up with the following matrix of presidential character (I wonder how this fits with S&H pov):

 

http://academic.regis.edu/jriley/414%20presidential_character.htm

where would you put this guy? he looks frekin bored.

http://rense.com/common.html

 

 

James David Barber's

The Presidential Character: Predicting Performance in the White House

Affect 

 

Positive

Negative

 
 
 
 

Active
 
 
 
 

 

ADAPTIVE: self-confident; flexible; creates opportunities for action; enjoys the exercise of power, does not take himself too seriously; optimistic; emphasizes the "rational mastery" of his environment; power used as a means to achieve beneficial results.

Thomas Jefferson, 
F. D. Roosevelt, 
H. Truman, 
J. F. Kennedy, 
G. Ford, 
G. W. Bush(?)

COMPULSIVE: power as a means to self-realization; expends great energy on tasks but derives little joy; preoccupied with whether he is failing or succeeding; low self-esteem; inclined to rigidity and pessimism; highly driven; problem managing aggression.
 

John Adams, 
W. Wilson,
H. Hoover, 
A. Lincoln,
L. B. Johnson,
R. Nixon,

 
 

Passive

 

COMPLIANT: seek to be loved; easily manipulated; low self-esteem is overcome by ingratiating personality; reacts rather than initiates; superficially optimistic.

James Madison, 
W. H. Taft, 
W. Harding, 
R. Reagan,
Bill Clinton

WITHDRAWN: responds to a sense of duty; avoid power; low self-esteem compensated by service to others; responds rather than initiates; avoids conflict and uncertainty. emphasizes principles and procedures and an aversion to politicking.

George Washington, 
C. Coolidge, 
D. Eisenhower 

 

James David Barber James Barber differentiates between four types of presidential character: active-positive; active-negative; passive-positive; and passive-negative. Before voters cast their ballots for president, they should know how active the candidate is and whether or not he or she truly enjoys political life. This allows voters to predict presidential performance before the candidate takes office.

Wed, 11/02/2011 - 15:15 | Link to Comment Bring the Gold
Bring the Gold's picture

Uh, W. Bush was adaptive? You mean like how he adapted to living in one of the most egregious oligarch families in US history? Like how he adapted to never swaying from "his gut". Or how he adapted the truth to meet his objectives (note: the objectives of his Pappy and friends)? Or how he adapted our constitutional republic and turned it into an oligarchacal fascist nightmare?

I guess you are right he's pretty adaptive.

I suggest a third category "Momma's boy, blueblood, chickenhawk fuck". I would put Bush squarely in that camp.

Obama is clearly compliant and/or bought and sold to the highest bidder. He's also another pathetic tool of the oligarchs, but really you could put almost every president since the end of the Civil War under that description with about three exceptions.

Wed, 11/02/2011 - 16:09 | Link to Comment gangland
gangland's picture

"Momma's boy, blue blood, chicken hawk fuck" i luv that hey i never endorsed anything just putting it out there, and i thank u for your response,

 

thing is unfortunately; obama is the same cabal convergence of neoliberalism & neoconservativism read: Soft-Feudalism, post-modern soft fascism or media indoctrinated state-corporatism.

 

barry is bush cabal

 

see balck agenda report

 

elite theory

 

not sustainable

 

urruboros eCONonomy

FIRE

 

fcuking vampire squid relentlessly striking it's sucking blood funnel

 

 

 

Wed, 11/02/2011 - 11:55 | Link to Comment nabi
nabi's picture

Fox is an officially-sanctioned propaganda outlet, just like MSNBC, CNN, ABC, CBS, CNBC, etc.  It is designed to give conservatives the illusion that their voices are being heard and that their position is represented by many of their fellow citizens.  If all of these propaganda tools were recognized for what they truly are, no one would watch them.  Unfortunately, too many Americans have been deceived by the two-party, "us vs. them" paradigm for that to happen...

 

Wed, 11/02/2011 - 12:25 | Link to Comment 2discern
2discern's picture

It's very liberating to NOT watch any propaganda outlet. Sports events (college football, yeah) and maybe weather are the least contaminated TV media to enjoy. Other than that ZH like reporting and exposure journalists Breibart, O'Keefe etc. the lame stream is, as implied, lame.

Wed, 11/02/2011 - 15:19 | Link to Comment surrational
surrational's picture

I think this is one of the points the author is trying to make. Due to new avenues of media such as social networks and the internet, new generations are benefiting from these outlets that aren’t entrenched in bipartisan politics. The propaganda machine is starting to be ignored and this in itself will create some major seismic shifts in the social landscape. 

Here's a video of Hilary Clinton also stating that the US is losing the media war with the younger generations.

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

Wed, 11/02/2011 - 10:42 | Link to Comment Melin
Melin's picture

You're one of our author's "Millenials", aren't you?

 

Wed, 11/02/2011 - 10:52 | Link to Comment MassDecep
MassDecep's picture

I use to be an avid Fox news watcher. Now I am awake. CNN is the Communist News network and Fox is its affiliate. If you listen closely, they both are spewing the same message.

Wake up sheeple, the time for slaughter is drawing near. If you cannot discern the above stated facts, you are still sleeping.  

You still play the game of dems verses repubs, which has gotten us where? Both cut from the same cloth. Beware of who you listen to. Most are there and prospering for a reason.

 

 

Wed, 11/02/2011 - 10:56 | Link to Comment devo
devo's picture

CNN isn't good, either. There's a reason we're all resorting to blogs...

Wed, 11/02/2011 - 11:06 | Link to Comment LFMayor
LFMayor's picture

+1

Spot on MassD.  If you're ignorant enough to eat the castor oil that is being spoon fed to you, then you deserve the case of the shits it will cause.

Wed, 11/02/2011 - 10:51 | Link to Comment Killer the Buzzard
Killer the Buzzard's picture

You are not a man.

Wed, 11/02/2011 - 13:22 | Link to Comment 11b40
11b40's picture

...said the buzzard to the carcass?

Who are you talking to?

Wed, 11/02/2011 - 11:01 | Link to Comment DeltaDawn
DeltaDawn's picture

If you advocate censorship, it will come back to bite you. Are you ok if a conservative federal government knocks out the liberal sources while in power? The puppet masters control both medias and are planning on controlling the Internet as well. Your enemy is not Fox News, it is your limited perspective.

Wed, 11/02/2011 - 11:10 | Link to Comment devo
devo's picture

Give me a break. I know all the airwaves are rigged. Fox is just the worst of the bunch because they are so blatant and in your face. Cutting off candidates they don't like, interrupting Bernanke's speech right at the point he talked about inflation, misleading the sheeple regarding (positive) headline numbers and ignoring negative indicators, saying that Herman Cain came in 3rd (and failing to mention Ron Paul came in 2nd) in the Iowa straw poll, spinning OWS as dirty unemployed people, etc etc. That is not news worth watching. If you choose to watch it, you're just hurting yourself. And obviously all news is skewed and I am critical of CNN, MSNBC et al. They're just not as blatant as Fox. Also, to say I favor censorship just because I don't believe Americans should be dumbed down by Fox is a leap. I AM READING ZERO HEDGE, you dolt.

Wed, 11/02/2011 - 11:28 | Link to Comment LFMayor
LFMayor's picture

twist away those gates of steel!

Wed, 11/02/2011 - 11:50 | Link to Comment Smiddywesson
Smiddywesson's picture

Well said, and exactly why my TV is off.

a)  It's a slow and inefficient medium to learn anything

b) It's all propaganda.  All of it.

Wed, 11/02/2011 - 12:45 | Link to Comment divide_by_zero
divide_by_zero's picture

There's no outlet more blatant than MSNBC, with mouth breathers like Ed Schultz and Chris Mathews pumping the progressive message(the whole crew does but these are the most extreme). MSNBC doesn't even bother cutting people/candidates off, they just don't cover the news period (Solyndra, Fast and Furious). 24/7 spew.

Wed, 11/02/2011 - 13:05 | Link to Comment devo
devo's picture

Like I said, they're all bad. Luckily football season is almost over so I can cancel cable again.

Wed, 11/02/2011 - 19:44 | Link to Comment dolph9
dolph9's picture

Yes, Fox is the worst apple in a sorry, rotten bunch.

Fox News sucks so hard it's maddening to think of why anyone would watch it.

Wed, 11/02/2011 - 12:48 | Link to Comment deepsouthdoug
deepsouthdoug's picture

NO!  Just make Jon Stewart the Managing Editor of Faux News. 

Wed, 11/02/2011 - 10:42 | Link to Comment Clueless Economist
Clueless Economist's picture

This whole "Occupy Wall Street"tm crap is vastly overblown.  Have you ever actually gone to Zuccotti Park and seen the people hanging out there?

I have.  It is a mix of homless, drunks, druggies, and misfits from all walks of life.  They are holding up stupid signs that make no sense.

Victory to the Worldwide Socialist Movement - Long live Che.

Yes that is going to get these nitwits far.

Wed, 11/02/2011 - 10:47 | Link to Comment Bruin4
Bruin4's picture

Clueless Economist....operative word being clueless, come on down to Z park....you can buy me lunch.

Wed, 11/02/2011 - 10:50 | Link to Comment Clueless Economist
Clueless Economist's picture

Purchase lunch for you from some Capitalist scum vendor?  Try eating some of the dying flowers in the park, comrade

Wed, 11/02/2011 - 11:18 | Link to Comment LFMayor
LFMayor's picture

Now you shouldn't denigrate the milennials C.E.  They're going to marshall in a bright new future!
/sarc off.

These protests and protestors are just a bunch of tools, being used.   A fucking pressure relief valve, to vent excess steam before it wrecks the frankenstein economic engine that provides light and heat to TPTB.  The tea party is just another of these safety devices, protecting the status quo.  Your precious VOTE is yet another.  As futile and about as useful as a chickenwire rubber.

They're being used, just like those idiot, stinking dope addled boomers were used 40 odd years ago and just like then they're too fucking dense to see it.

Worldwide uprising?  My ass.  If you want to see rapes and killings, mix in your OWS with some of their "brother protestors" from the middle east.  Then you'll see just how much in common the two really have, aside from poor hygiene.  And if they become a real threat by accident or design then that's when the belt-feds will warm up.

Now junk on, you fucking socialist half wits.  PC and the effeminization in your upbringing has made you weak in body and mind.  If this collapse comes as you predict, and i damn sure hope it will, you'll simply serve some new masters.  The morlocks are going to be feeding on you.  The veneer of civilization was thin at the start and it's getting worn through in lots of new places now.

Wed, 11/02/2011 - 11:55 | Link to Comment JW n FL
JW n FL's picture

 

 

the divide and conquer seems to be working really well.. for the wanna be tea party participants in particular.

instead of joining any protest and helping to educate the other protesters.. it is better to sit you fat ass on the sofa and pretend that your contributions to the systemic Fraud for the last 30 - 40 years were justified based on your wants.

The Baby Boomers let the Country be robbed blind and gutted!

the only interest the baby boomers have  (broadly speaking) is to entertain themselves with their self righteous bullshit and be able to spend all those dollars socked away during their decades of participation in the ongoing fraud.

WE! DO NOT!! FORGET!!!

EXPECT US!! WE ARE COMING!!!

 

Thu, 11/03/2011 - 00:58 | Link to Comment RockyRacoon
RockyRacoon's picture

I'll not argue your point about the Boomers.  I'm a ripe 63 years old and my view of the OWS bunch differs widely from the author's quote:

The Baby Boom Generation,
who is at the point of maximum power in society, fears this movement.
They control Wall Street, corporate America, Congress, the courts,
academia and the media. They have reached their peak of influence and
power, which will rapidly wane over the next fifteen years. They see the
Occupy movement as a threat to their supremacy and control of the
system.

I don't fear the movement at all.  It's a wonderful part of a developing theme worldwide -- and it's about time.

They have my admiration and respect.   If I weren't so goddam lazy I'd be right there, and still might be before it's all over.   My memories of the protests of the 60s are fresh.

Wed, 11/02/2011 - 11:56 | Link to Comment Smiddywesson
Smiddywesson's picture

If this collapse comes as you predict, and i damn sure hope it will, you'll simply serve some new masters.  The morlocks are going to be feeding on you. 

Essentially, you can't be proven wrong, because peasants are always on the menu for their betters, but I disagree if you are saying times don't waver between being "good" for the people and "bad" for the people.  I think history supports the cycle, not the steady state of misery.

+1 for morlocks  :-)

Wed, 11/02/2011 - 12:31 | Link to Comment Bring the Gold
Bring the Gold's picture

Wow, you're saying that the protests of the 1950's and 1960's which brought about huge social changes were pointless and or tools of some mysterious Communism that STILL hasn't appeared 50 years later? Sounds like you are the one who is drug addled or just stupid and envious. I respect those young people risking beating and incarceration who are protesting the forces arrayed against this country alot better than some bitter old man posting anonymously on the internet. Your entire post reeks of cowardice. You wouldn't last 3 seconds after system collapse. If you would, why don't you start organizing a REAL protest made of MANLY MEN with huge hairy nutsacks to do something. Or do you have any fucking plan at all?

Yeah mock those "effeminized" combat vets who get shot in the head by cops for exercising their first amendment rights you pathetic coward. Cower in your well heated abode while REAL hero's stand up for what's right in the bitter cold. I used to think the Millenials were pathetic, but I've recently grown to respect them quite a bit. Alot more than bitter old men like you that's for sure, not that that is a high bar to step over. Any two year old female child has more bravery in her ovaries than you.

Wed, 11/02/2011 - 13:41 | Link to Comment 11b40
11b40's picture

Really gave the article a serious read, didn't you, Mr. Mayor.

And who, exactly, was "using" those idiot, stiking, dope -dled boomers 40 years ago?  Those boomers whose protest forced an expansion of Civil Rights and brought the war machine to it's knees were all co-opted by what?  The status quo?

Wed, 11/02/2011 - 19:53 | Link to Comment Bruin4
Bruin4's picture

 Clueless Economist -You are so sweet, misguided and maybe a bit of a lost soul but I love you, I know there is hope for you...seriously come on down here I will even shower first in the bird bath on chambers and Greenwich,  Bring some  vodka and we can go snuggle on a bench by the statue of hypocrisy and bigotry in the new red square overlooking the Hudson river.

Seriously you cant be stupid enough to believe that WE the OWS crowd are anti capitalism... if you do then you are either Ann Coulter or Larry Summers. Stop reading the NY Post and watching Fox, and seriously by me lunch....please?

Wed, 11/02/2011 - 11:20 | Link to Comment devo
devo's picture

The odds of you being in the 1% are less than .001%. I notice the most rude, militant, tongue-lashing citizens ten to be those in the upper middle class. My guess is that's where you are. These people seem to think they've made it in life and are actually in the 1% or close enough to taste it...to one day make it. What people don't realize is that the 1% have the .00001% chasing their tails. The 5% have the 6% right behind them. Unless you own a bank, you should be for the general message of OWS, even if said message is unrefinded at this point. Rational people want freedom and a return to Capitalism. Sounds like Fox really got to you.

Wed, 11/02/2011 - 12:34 | Link to Comment JLee2027
JLee2027's picture

The odds of you being in the 1% are less than .001%.

Are you related to Yogi Berra? Just asking.

 

 "Never answer an anonymous letter"

"I usually take a two hour nap from one to four"

Wed, 11/02/2011 - 15:38 | Link to Comment Floordawg
Floordawg's picture

A nickel ain't worth a dime anymore.

Investing in precious metals is ninety percent mental and the other half is physical.

Wed, 11/02/2011 - 11:50 | Link to Comment MassDecep
MassDecep's picture

Clueless, you are soooooo right

Check this out

http://youtu.be/UsxSDxlOp5A

Wed, 11/02/2011 - 11:48 | Link to Comment MassDecep
MassDecep's picture

Clueless, you are soooooo right

Check this out

http://youtu.be/P8xF59PR_lc

Wed, 11/02/2011 - 12:09 | Link to Comment Boba Fiat
Boba Fiat's picture

This whole "Occupy Wall Street"tm crap is vastly overblown.  Have you ever actually gone to Zuccotti Park and seen the people hanging out there?

 

Agreed.  A little unnerving that ZH has taken up the banner of the World Worker's Party, in effect, by promoting all things OWS.  As far as I can tell, the protesters' core belief is: "We want the gov't to occupy Wall Street EVEN FURTHER, and manipulate wealth EVEN FURTHER.  Oh, and while you're at it, give us more free stuff."  Not in any way related to Ron Paul's philosophy, for example.  It's just a front for the same kind of old-school communists who gave us Mao and Josef.  I really have not heard a logical or coherent thought come from the actual OWS protesters' in over a month now.....but they certainly are well-funded and well-publicized.

Wed, 11/02/2011 - 12:24 | Link to Comment Bring the Gold
Bring the Gold's picture

There is no question Soros is attempting to Co-opt the movement. That said, the Tea Party which was started by Ron Paul Libertarians was ALSO co-opted by a one-two punch. 

One, they sent in Sarah Palin and other Neo-Cons and used fox News to talk about how wonderful it was. Sent in funding and so forth through the usual right wing organizations and individuals (Koch Brothers).

Two, they had the left wing establishment media mock the shit out of them and make sure no lefty EVER examined the actual desires of the Teaparty.

Now just reverse the above and you see what is happening with OWS. The biggest difference is OWS has been beaten by cops far more, is poorer and younger on average and has been more resistant to Co-option. There is now a very real attempt to use Co-intel pro strategies to destroy it. See my post below.

Take the time to do some real research and you will see that OWS supports many of the things you want. The biggest thing you will disagree with is that they want to have a student loan jubilee, but really who owns that? The government, so why WOULDN'T you want to see that government debt operation to fail hmm? Especially since I hear no one calling for claw backs or RICO law confiscation from the TBTF due to egregious violations of law and the scam that was TARP etc.

Wed, 11/02/2011 - 12:49 | Link to Comment divide_by_zero
divide_by_zero's picture

Actually there's no need for Soros to co-opt OWS, he was involved from the beginning.

Wed, 11/02/2011 - 14:57 | Link to Comment Bring the Gold
Bring the Gold's picture

"I can haz co-optation of grassroots social movementz?"

Really George Soros is behind Anonymous? Wow, and to think we have George Soros to thank for the LOL Cats.

He might have rushed right in to co-opt it, but it was a grassroots pheonomena at the outset. No amount of making shit up will change that.

Anonymous is a rogue group of internet hackers, likely Millenials incidently. Soros, does not, and has not EVER controlled Anonymous.

Wed, 11/02/2011 - 12:18 | Link to Comment Bring the Gold
Bring the Gold's picture

You are a fucking idiot. You don't make any sense other than RAH RAH fascism. Your posts are complete crap that support the kleptocracy and your own greedy self-centered behavior. I've been to the OWS movement in my city and there are TONS of signs pointing right at the EXACT problem, End the FED and the banks influence over Washington D.C. and the media. 

http://www.youtube.com/watch?v=0fV0YjQQzYk

Also NYPD is sending the homeless and criminals to OWS to implode it and to reinforce the exact stupid braindead opinion that right wing media formed for your empty skull. Wake up and smell the fascist splitting of regular folk against one another. Divide and conquer. Luckily for them idiots like you who do zero actual research are legion.

http://gawker.com/5854870/is-nypd-sending-drunk-homeless-people-to-occupy-wall-street

I support your right to spew your uniformed opinion due to the 1st amendment. The same article gives me the right to tell you to take your head out of your ass you clueless fuck.

As to the article it is dangerous to make this a generational conflict. It is the fiat money masters vs. everyone else.

Wed, 11/02/2011 - 13:14 | Link to Comment devo
devo's picture

Given your Moniker, I assume you are an ironic gimmick. But if not, I look forward to the next Civil War, when I can shoot you in the face and not go to prison for it. Just saying...

Wed, 11/02/2011 - 13:58 | Link to Comment 11b40
11b40's picture

Yes, I took time out from a business trip and cruised down to Zucotti Park last Tuesday night...and I am calling your post bullshit. 

If the signs I saw made no sense to you, then you truly are clueless, as your moniker suggests.

In every group, there are exceptions, but the vast majority of the people I encountered and engaged were informed, well mannered & well spoken, and no where did I encounter anyone advocating Socilaism, Marxism, Communism, or Fascism, for that matter.  The consensus seemed to believe that America is both broken and broke, and there MUST be major changes to put us back on track. 

They are largely not into the "party politics" of either side, recognizing far better than most of my peers how pathetic both major parties are.  They also are aware that Washington is the other side of the coin in all this, but the money that buys the politicians flows from Wall Street, and the benifits of the rigged systems flow to Wall St.

So, little miss Clueless, go ahead and call names, jump up & down, and vent all your anger toward this rising generation if it makes you feel good, but when you finish, maybe you could find time to go back and actually read this article.  Who knows....you might get a clue.

Wed, 11/02/2011 - 15:01 | Link to Comment Bring the Gold
Bring the Gold's picture

Cluelesseconomist is an unpaid (lord knows Langley should recall her ass if she IS paid) volunteer internetz brownshirt. She constantly supports fascism wherever she sees it.

I am willing to be civil with the reasonable folks in ZH, even the ones I disagree with. People like her deserve no civility because they are in fact the very bedrock of the neo-fascist movement whether their little tiny clusters of neurons that occupy their cranium's grok that or not.

Wed, 11/02/2011 - 10:43 | Link to Comment Bruin4
Bruin4's picture

COME ON! we all remember the "trickle down theory" don't we? Of course when the top 1% is doing better everyone benefits....no?

Bizzaro world economics.

 

 

Wed, 11/02/2011 - 13:15 | Link to Comment DosZap
DosZap's picture

Fox news argueing that the tide is floating all boats while ignoring that the rise in income for over 80% of the population is not keeping up with inflation or the real cost of survival.  Fair and balanced indeed.

So, what's the difference in a NEWS outlet, adn the Gov't,reporting 4% inflation, when it's 10%.

SOS

Wed, 11/02/2011 - 15:28 | Link to Comment 11b40
11b40's picture

A rising tide lifts all boats....if the tide is water.

If the tide is dollars, only the big boats get a lift.

Wed, 11/02/2011 - 14:21 | Link to Comment RafterManFMJ
RafterManFMJ's picture

 

 

I only read the first 40K words; look, just tell me where and when to show up for the big end of days UFO and I'll be there.

Wed, 11/02/2011 - 10:13 | Link to Comment Mercury
Mercury's picture

Model retro-fitting.

We're broke. The government we voted for brought us to this dance and de-leveraging is going to be painful.  It's that simple.

And how about (for a change) superimposing a growth of the welfare state line on one of those income growth charts?...maybe even a destitute peasants as a percentage of total immigrants line too.

Wed, 11/02/2011 - 10:14 | Link to Comment Caviar Emptor
Caviar Emptor's picture

You mean the Corporate Welfare State. Growing and accelerating since the 1980s

Wed, 11/02/2011 - 10:20 | Link to Comment Mercury
Mercury's picture

Yes but if the government were smaller, weaker and poorer there wouldn't be much to buy, corrupt or misallocate one way or the other.

Wed, 11/02/2011 - 11:06 | Link to Comment Doubleguns
Doubleguns's picture

Assume the millenials will default on social security, medicare and medicaid, then you will be prepared. I have encouraged my children to shed that burden if it is left behind by my generation.

Wed, 11/02/2011 - 10:04 | Link to Comment RobotTrader
RobotTrader's picture

Yep, Mastercard now printing world record highs.

Recession?  What recession?

Wed, 11/02/2011 - 10:07 | Link to Comment LawsofPhysics
LawsofPhysics's picture

So what did you buy yesterday robo? Come on, put it out there, let's see how you did today.

Wed, 11/02/2011 - 10:19 | Link to Comment nope-1004
nope-1004's picture

There never is a recession when credit expands, robo you idiot.  The housing bubble proved that.  More money loaned means more spending.  Since the US is a consumer economy, increasing credit OBVIOUSLY increases retail numbers.

It only hits the fan when the lender wants it back.

 

Wed, 11/02/2011 - 10:39 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

"It only hits the fan when the lender wants it back"

Inaccurate as usual. Increased aggregate demand leads to increased consumption-lead growth which increases tax revenues. The government can use the increased GDP as 'collateral' to borrow even more, boosting the living standards of all Americans. China will continue to buy our debt because they depend on our consumption of their goods. Without our consumption, China's export economy would totally collapse.

Wed, 11/02/2011 - 11:49 | Link to Comment Tsunami Wave
Tsunami Wave's picture

Don't you ever get tired of sounding like an idiot?

You just talked about the exception that still proves the point.

What happens when the lender after all of this wants everything back??

Wed, 11/02/2011 - 12:45 | Link to Comment El Viejo
El Viejo's picture

And since when does the govt HAVE to borrow. They can simply PRINT and spend.

Wed, 11/02/2011 - 15:48 | Link to Comment catacl1sm
catacl1sm's picture

That would seem to be a logical conclusion until you do the math, then it isn't.

Wed, 11/02/2011 - 10:38 | Link to Comment oddjob
oddjob's picture

So you put your NFLX margin calls on your Mastercard. Big Deal.

Wed, 11/02/2011 - 10:51 | Link to Comment kito
kito's picture

Robo on worldwide droughts and water shortages: "water covers 71 percent of the earths surface......droughts? What droughts?"1

Wed, 11/02/2011 - 10:08 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

OT: Sino Global Shipping halted.  Up 68%.

Wed, 11/02/2011 - 10:08 | Link to Comment El Viejo
El Viejo's picture

It started in the early 80's. CEOs looked and found a way around regulation and taxation. Reagan supported this effort with the Self Employment tax. Cheap labor was sought and found in China. All to support Wall St. and stockholders. A quick profit. All the while the private sector was forced into debt and boomer-demographic-less-spending all combined to form the perfect storm of: over production, high personal debt just to maintain status quo, high energy costs, governmental high salaries and benefits and reduced boomer spending as they approach retirement. And to whom does the stimulus go? Why the ones who do not need it. And low rates to further entice more into debt. Amazing! Like it or not Obama was right when he said we will all have to contribute. The Feds have frozen federal salaries for three years. But just try and refi your house. Oh no your not taking from our pension pot. And just try and reduce benies to state government leeches. Oh no your not reducing our salaries or benies. And just try and increase taxes for the rich who do not buy that much anyway and instead put unecessary money into the already overstuffed markets. So much for compassionate conservatism, trickle down economics and a kinder gentler America.

Bring production and consumption back into balance or prepare for this to be with us all for a long time. Empower consumers, the only group that can bring this back in line. Empower the middle class the largest group of consumers.

If you want facts and figures on the above read: "The Age of Greed"
------------------------------------------------------------------------------------------------

Wages of private sector workers compared to public sector:
http://www.intellectualtakeout.org/library/chart-graph/historical-comparison-public-and-private-sector-compensation-levels

Income disparity:
http://www.cbpp.org/files/10-21-10inc.pdf
http://traderscrucible.com/2011/09/06/2354/
http://www.ritholtz.com/blog/2011/09/great-prosperity-1947-1977-vs-great-regression-1981-present/
http://forum2009.itcilo.org/en/thematical-papers/executive-compensation-and-the-economic-crisis

Tax Breaks:
http://www.cbpp.org/cms/?fa=view&id=106

90% Bracket:
http://www.wallstreetoasis.com/blog/90-marginal-tax-rate-explained

Corporate Taxes:
http://www.ritholtz.com/blog/2011/04/corporate-tax-rates-then-and-now/

Banking:
http://mikenormaneconomics.blogspot.com/2011/10/this-is-powerful-great-video-with-some.html
http://www.youtube.com/watch?v=wK1MOMKZ8BI&feature=player_embedded

OWS:
http://geraldcelente.proboards.com/index.cgi?board=general&action=display&thread=2193
http://www.youtube.com/watch?feature=player_embedded&v=QngE6kKk8Lg

 

Wed, 11/02/2011 - 10:17 | Link to Comment tarsubil
tarsubil's picture

"The Feds have frozen federal salaries for three years."

You mean they haven't, right?

Wed, 11/02/2011 - 10:37 | Link to Comment Clueless Economist
Clueless Economist's picture

Federal salaries alwyas go up...FACT

Wed, 11/02/2011 - 10:38 | Link to Comment El Viejo
El Viejo's picture

COLA true but salary increases no.

Wed, 11/02/2011 - 14:10 | Link to Comment 11b40
11b40's picture

Anytime I see someone use words like "always", I immediately assume they are clueless.

Wed, 11/02/2011 - 14:53 | Link to Comment TrulyBelieving
TrulyBelieving's picture

Do you "always" immediately assume they are clueless?

Wed, 11/02/2011 - 15:24 | Link to Comment 11b40
11b40's picture

That's the first reaction, but then I can make a decision after consideration.  An open flame will "always" burn your skin if held close enough for long enough is pretty much a given.  Gravity "always" causes heavy objcets to fall if unsupported.  There may be some exceptions, but I am not aware of any.

On the other hand, when there are people or other uncontrollable variables involved, predicting any particular outcome as "always" occurring, invites an immediate challenge, mostly.

Wed, 11/02/2011 - 10:37 | Link to Comment El Viejo
El Viejo's picture

I work around federal civilian employees and they say that their salaries have been frozen.

Wed, 11/02/2011 - 11:50 | Link to Comment L G Butz PhD
L G Butz PhD's picture

True, but most still have jobs. Not as true for the private sector.

Wed, 11/02/2011 - 12:26 | Link to Comment El Viejo
El Viejo's picture

Maxed Out Credit  =  Less  Demand  =  Less  Production  =  Less  Jobs  =  Less Taxes collected  =  Fed Deficits

To reverse this you need appropriate application of taxes: Less taxes for consumers and even less taxes for big consumers.  The rich don't consume. They put money into hedge funds to get even more money. Too much money in the markets reduces the cost of credit, but it also destabilizes markets. LTCM proved this 15 yrs ago and when that Hedge fund went belly up 50 sprang up in their place. Truly this is the Age of Greed.  Insane Greed in my opinion:

http://mikenormaneconomics.blogspot.com/2011/11/who-really-runs-us-treasury-hedge-fund.html

http://mikenormaneconomics.blogspot.com/2011/11/join-corporate-elite-and-rule-world.html

http://www.theatlantic.com/business/archive/2011/11/the-shameless-republican-race-to-cut-rich-peoples-taxes/247664/

 

Wed, 11/02/2011 - 14:25 | Link to Comment 11b40
11b40's picture

Private sector jobs go first, public sector follows. 

For instance, today we got ADP #'s, which say private sector increased hiring overall.  Come Friday, we get the real (well, somewhat), more comprehensive numbers.  Watch how the govt payroll number prints ;-)

Thu, 11/03/2011 - 21:10 | Link to Comment tarsubil
tarsubil's picture

I work for the Federal government and I know a lot of other people that work in other Departments, that is a bald faced fucking lie. Go fuck yourself.

Wed, 11/02/2011 - 10:10 | Link to Comment marcusfenix
marcusfenix's picture

ok now the PTB's in DC are going full on Orwellian retard, just ran across-


The Guardian Georgia men arrested over alleged US ricin plot

so now it's not turban wearing boogiemen, or used car salesmen colluding with SPECTURE we have to be secured against...

no, it is now 65 and 70 year old senior citizens who read BOOKS on the INTERNET and commit what amounts to thought crimes. talk about killing two birds with one stone yeah?

and the sad part is, while one might think this particular well should have run dry by now, most Americans are blue- pilled enough to actually believe it.

 

 

Wed, 11/02/2011 - 10:36 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

These home-grown American terrorist need to be controlled.

Langley breeds them, then has the honeypot set to catch them.

You Americans are fooked.

Wed, 11/02/2011 - 11:01 | Link to Comment SWRichmond
SWRichmond's picture

From the article: "The meetings were monitored the FBI with the help of an informant, according to prosecutors."

This is a shop-worn MO: informant performs the role of agent-provacateur, keeping his own ass out of jail by goading the suckers into trying to do something noteworthy, then getting them arrested.  LEO accolades all around, "government protects the people from boogeymen" meme serviced, on to the next one.

 

Wed, 11/02/2011 - 11:24 | Link to Comment LFMayor
LFMayor's picture

Keep your circles small.  Beware of new faces and bargain rate items that are otherwise hard to obtain or regulated. 

This stinks like that big Hutaree militia bust.  You remember it... the one where that huge threat to national security looked like a casting call for the banjo player in a remake of Deliverance.

These guys were white, veterans, bitter and southern.  Just like those Maryland snipers were purported to be.

Wed, 11/02/2011 - 12:53 | Link to Comment XitSam
XitSam's picture

I did not see in the article anything about their race or former military service.  Do you have another source?

Wed, 11/02/2011 - 14:02 | Link to Comment LFMayor
LFMayor's picture

I learned about it from 3per sites, like Western Rifle Shooters and Sipsey Street Irregulars.  Check them out, there's some talk about how the orginal Georgia Militia got taken over by right wingers, then co-opted by the feds and filled with informants. 

These guys were targeted by the same Federales that think that Insane Clown Posse "Jugaloos" are a potential terrorist threat, or have sent out memes to target 2nd admendment or Ron Paul bumper stickers.  If it made western civilzation dominant, then they want it fragmented, crippled and bled weak.  Church, Industry, the Nuclear Family and self-sufficient white guys who pay their taxes all fall in that category and have been systematically targeted.

Political Correctness may urge you to call me mysoginist, homophobe, a gun nut, a raciss.... you see the pattern?

Wed, 11/02/2011 - 14:03 | Link to Comment LFMayor
LFMayor's picture

forgot one... intolerant bible beater.

Wed, 11/02/2011 - 14:41 | Link to Comment 11b40
11b40's picture

Don't forget whack job.

But on the other hand, while Mr. Mayor & I part ways on many things, I see the Tea Party, OWS, and our home-grown terrorists as all manifestations of the same festering sores on the soft underbelly of American society. 

Our country is no longer working like it should for the majority of citizens.  We see things falling apart, and we fear for our future and that of our children.  We react in different ways, we see things from dirfferent perspectives, and we believe in different solutions....but we all know in our hearts and our minds that change MUST come if we are to somehow survive and revive the promise of America.  Most, it seems, are still asleep, but every days that passes finds more who are awakening.  The wheels have been set in motion, but the final destination is unknown.

Wed, 11/02/2011 - 16:02 | Link to Comment LFMayor
LFMayor's picture

I like your edit better :)   My worry is that it's going to spin into something that makes a Bosch painting look sane.  TPTP have played the game a long time I think, since the middle ages, but they're only human.  They'll fuck up and lose hold of the ropes and then it's going to suck, but well.  Uncontrolled descent.  Uncontrolled changing of hands upon the levers of power.  Next stop the new dark ages.

Wed, 11/02/2011 - 17:11 | Link to Comment XitSam
XitSam's picture

If I ascribed to this particular theory, I think a crash would be part of their plan to consolidate power.

Wed, 11/02/2011 - 14:34 | Link to Comment XitSam
XitSam's picture

I think that federal informants probably urge some people to greater acts, though legally not meeting the defintion of entrapment.  But as screwed up as I think the current system is, no one would ever get me to advocate bulk assassination or the manufacture of ricin.

Thu, 11/03/2011 - 09:06 | Link to Comment SWRichmond
SWRichmond's picture

though legally not meeting the defintion of entrapment.

I think you still believe the justice system seeks truth and acts on it appropriately.  It does not.  Anyone can be convicted of anything, given the right judge (Chrysler Senior Secured bondholders), the right prosecutors (Mike Nifong), the right evidence-gathering and handling team (Mark Furman); and, by the way, have you ever witnessed the jury selection process?  The prosecution systematically eliminates anyone who has an IQ over 60 and thus might be able to think for themselves.

 

So they entrap you and then lie on the stand about it; so what are you going to do about it?  The 60-IQ crowd will believe anything the people in uniform say.

Wed, 11/02/2011 - 10:13 | Link to Comment oldman
oldman's picture

Our machine fell apart

"Please tell what the future will be" asked the dog of the flea

After each of the fleas had responded there were no more fleas.

 

"Please tell me what the future will be"

Wed, 11/02/2011 - 10:14 | Link to Comment Bob Sacamano
Bob Sacamano's picture

So precisely how even is the distribution suppose to be?   Was the distribution in, say, the 1970s (or some other decade) "correct?"   And what made that the correct distribution?   If we don't know the target distribution, how are we ever going to get there?  

Wed, 11/02/2011 - 10:14 | Link to Comment rosex229
rosex229's picture

this is a great summary of the events that are just beginning to unfold as peak oil begins bumping up against our global economic systems need to grow. global oil discoveries peak in 1964. global oil production has been on a plateau since 2005, and the new oil production coming online takes large amounts of energy to produce leaving less net energy available. due to stagnant oil production every growth in consuption by one country i.e. china, india, brazil, etc. must be matched by a reduction in use by another economy i.e. u.s., europe, japan, etc. 10 out of the last 11 recessions were preceeded by a rise in oil prices, and never have prices been over 100 dollars per barrel, and yes thats inflation adjusted, without a global recession taking hold. the severity and longevity of the price rises correlate directly to the severity of the ensuing recession; think 1973, 1979, and 2008. once oil production begins to decline in ernest our global financial system, which requires growth to pay off interest, will collapse. of course, this won't happen overnight just as europe isn't collapsing overnight. every day we wake up the world will look roughly the same, but viewed overtime there will be large dislocations and reductions in wealth and availability of resources. 

Wed, 11/02/2011 - 10:45 | Link to Comment nantucket
nantucket's picture

exactly, if you're going to show a stat with the intent to have us conclude it's bad, then you need to at least suggest what level of the stat is good and why.  If the top 1% owning 85% is bad, then I suggest the correct level is lower,....say 84.9%,....and I will be tireless in my work to get it to that level.  See,...problem solved.  Nexxxxt.

Wed, 11/02/2011 - 10:48 | Link to Comment New American Re...
New American Revolution's picture

This ain't shit.   Painting cycles where they want them to say what they want that supports where they're going, which hasn't got shit to do with what's going on.    Pseudo-intellectual cycle babble.   Just tell what the fucking problem is and give it a fucking solution, but Strauss and Howe don't because they can't, so they write this bullshit that gets repackaged by some wanna be who thinks it all really means something.   The only thing this article gets right is running around in a circle.  Yippee.

Wed, 11/02/2011 - 13:07 | Link to Comment augmister
augmister's picture

Don't be so sure about a time line.   One of the best lines from this piece was:

 

 

I came across a quote from, of all people, Vladimir Lenin that
describes how the last six weeks seemed to me: 

“There are decades where nothing happens; and there are weeks where decades happen.”

 

Make your plans and get them in play.

 

Wed, 11/02/2011 - 13:08 | Link to Comment unnamed enemy
unnamed enemy's picture

distribution should be so even that the 99% have better things to do then to demand more equal distribution. Obviously this is not the case right now.

its like asking - how much tax on the rich is enough? well how much profit is enough? seems like the obvious answer to some people on the exterme is "All of it". 

since we are civilised people we have to come up with a number that works for all of us - rich people will have to learn to live with limited profits, governments with limited taxes, and poor people with limited handouts.

i know this is never going to happen in real life. "All of it" is what everybody wants, and if they have it all, the only way to take if from them is to kill them, or wait for them to die of old age, but then your children may have to kill their children, so it never ends.

 

Wed, 11/02/2011 - 13:27 | Link to Comment DosZap
DosZap's picture

And articles like this do nothing but foment and exacerbate the hatred..........................damn I am sick of Boomers getting blamed for crooked politicians, and shit that started in the early 1900's.

The configuration of elder self righteous Boomers at 60 years old, midlife
pessimistic Gen Xers at 40 years old, and coming of age Millenials at 20
years old is an explosive mixture that will provide the impetus and
fury to this period of catharsis and pain. Winter has arrived.

Wed, 11/02/2011 - 10:15 | Link to Comment Temporalist
Temporalist's picture

Perhaps OT but similar to the theme that history repeats itself:

 

 

Dealerships Package Billions Of Dollars Worth Of Subprime Auto Loans Into Securities

"The practice of packaging shoddy auto loans into securities and selling them to investors -- $15 billion worth in the last two years -- is reminiscent of a craze popular among mortgage lenders in the lead up to the housing and financial crisis."

 

http://www.huffingtonpost.com/2011/11/01/auto-subprime-securities_n_1070...

Wed, 11/02/2011 - 10:15 | Link to Comment NOTW777
NOTW777's picture

"The model for this movement was the
successful demonstrations in Egypt and Tunisia, earlier in the year."

guess it depends on the definition of "success"

the "movement" has resulted in the rise of radical jihad movements and brutal persecution of the under class and non-muslims

why don't you ask the people fleeing in terror and those who have lost their property if the movement is successful

Wed, 11/02/2011 - 10:16 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Nice piece. Entirely too much emphasis on the The Fourth Turning, which is a decent book but almost dogmatic in its insistence on 'cycles'. Not everything is cyclical and their analysis of the 'types'(hero, artist etc ) that emerge is amateurish at best.

Let me suggest something radical. If you are going to establish any kind of real change: lead by example. Want to get rid of debt based money? Get rid of existing debt and refuse to borrow. Live outside the system and you'll find the greed/corruption/manipulation doesn't really effect you that much except maybe morally.

The collapse is upon us no matter what. The other side could be worse only if the old ideas prevail again. Stop asking for change, be change.

Wed, 11/02/2011 - 10:49 | Link to Comment OutLookingIn
OutLookingIn's picture

Change being radical? When you stick your head in the sand, outside the system.

The change you speak of must come from (not only outside) but from within also. Taking the good and preserving it, while throwing out the rotten and replacing it.

Simply tossing out an opinion (unbacked) like "amateurish at best" by it's very nature, brands the issuer as being an amatuer! Let me suggest that the only dogma being spouted here, is by yourself! You put forth suggested corrective actions with no direction or program? How may you be "morally" upset, while being disconnected?

If you're not part of the solution, then you're part of the problem. As James suggests in the article, there will be NO fence sitting; either you're in or out. Speaking for myself I would rather be in, but it sounds as if you have already voted yourself out!

Wed, 11/02/2011 - 11:17 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'You put forth suggested corrective actions with no direction or program? How may you be "morally" upset, while being disconnected?'

No collective direction, only personal, is needed. If you need a 'program'  to direct you I can't help you. I have none. Hence no dogma. The things that bother me about the 'system' might not bother another person, so... I suppose it comes down to personal responsibility. We deal with it individually.

Morals are a funny thing and there is no such thing as 'disconnected' unless a person is a sociopath. A sensitive issue which is really outside the purview of financial (good)analysis since it cannot be measured.

Read the book. It is dogmatic. They are selling a narrative while over- reaching in some ways that are not important for what we're discussing here. There are linear systems that they fail to take into account. Not a bad read though.


Wed, 11/02/2011 - 10:17 | Link to Comment RobotTrader
RobotTrader's picture

Poor Gerald Celente

I don't see anybody "Losing It" anytime soon.

They are still frantically buying $175 jeans

True Religion and Abercrombie & Fitch now at 3-year highs.

Wed, 11/02/2011 - 10:37 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

I gave you green arrow. Your comment is too true yet you remain a piss puddle.

Wed, 11/02/2011 - 11:22 | Link to Comment oddjob
oddjob's picture

If you read deep into the Abercrombie & Fitch numbers, they made most of their money on a Netflix short position. Even they realized only a complete dunderhead would buy NFLX over $300.

Wed, 11/02/2011 - 11:27 | Link to Comment Careless Whisper
Careless Whisper's picture

be careful there robo, looks like a triple top in ANF

http://stockcharts.com/h-sc/ui?s=ANF

 

Wed, 11/02/2011 - 11:47 | Link to Comment Tsunami Wave
Tsunami Wave's picture

Where's Robot Traders Mom whenever you need him/her?

Wed, 11/02/2011 - 10:38 | Link to Comment Everybodys All ...
Everybodys All American's picture

The same people buying the 175 jeans are being foreclosed on their 1.5 property.

Wed, 11/02/2011 - 13:11 | Link to Comment XitSam
XitSam's picture

If I had free housing by not paying a mortgage, I could buy $175 jeans too.

Wed, 11/02/2011 - 10:17 | Link to Comment the not so migh...
the not so mighty maximiza's picture

great article

Wed, 11/02/2011 - 10:18 | Link to Comment junkyardjack
junkyardjack's picture

But the Daily Capitalist said that there is no increase in wealth disparity since 1994?? /troll face

http://dailycapitalist.com/2011/10/31/wealth-disparity-and-wall-street-the-owsers-are-wrong/

Wed, 11/02/2011 - 10:23 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Wealth and power have gotten too concentrated. No big mystery. The inevitable outcome. How we deal with it will determine the way forward

Wed, 11/02/2011 - 11:38 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Part of the issue.  The bigger driver in my mind is that lack of things - resource deprivation and/or the fear of it - acts as a catalyst.  Toss in some info about how well off certain folks are, and the fuse is lit.  So I think people notice the concentrated wealth more when they are down and out.

Wed, 11/02/2011 - 10:25 | Link to Comment Henry Chinaski
Henry Chinaski's picture

That was a long and wacky rant.  I am dumbfounded and sorry that the time spent reading it has been lost to me forever.

Wed, 11/02/2011 - 10:34 | Link to Comment Fate
Fate's picture

It's okay.  Historical analysis is not for everybody.

Wed, 11/02/2011 - 13:02 | Link to Comment Henry Chinaski
Henry Chinaski's picture

I'm guessing that the original fourth turning model makes more sense than what this drama monger wrote.  He reaches way out there to incorporate OWS.

The generational alignment is such the existing social order will be swept away in a violent manner.

Yeah, well, maybe.  But the younger majority could just vote to pull the plug on granny.  Most of the boomer generation is already on some form of artificial life support paid for by the government.

It will suck to be an oldster when the change comes.

Wed, 11/02/2011 - 14:37 | Link to Comment XitSam
XitSam's picture

The race will be between the youngsters pulling the plug, and granny pulling the trigger.

Wed, 11/02/2011 - 10:29 | Link to Comment pizzgums
pizzgums's picture

500 years of American history? Really? and I'm sure they covered all 57 states too.

 

Wed, 11/02/2011 - 11:10 | Link to Comment Jim Quinn
Jim Quinn's picture

America was discovered in 1492 you dumbfuck.

Wed, 11/02/2011 - 11:41 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

If by "America" you mean the western continents, yes.  If you mean the "United States of America," well, I would argue that the idea that it is did not exist until the mid 1700s, and was honed and codified in the Declaration and the Constitution.  So the existence of the idea of the USA is really only 225 - 250 years old.

Wed, 11/02/2011 - 12:51 | Link to Comment DavidPierre
DavidPierre's picture

 

"The 4th Turding

 

Is a Gordian knot of glib, facile generalizations, intellectually dishonest, and riddled with pungent strands of self-loathing (read: Boomer Bashing). This book is simply another tiresome exercise in NeoCon, crypto-ideology.

 

Just more Nostradamus for the late 20th century… many ramifications listed, and a few of them right no matter what. It is a kooky, neurotic theory of a predictable future that strongly rings of some of the economic cycle prediction wonks.

 

Millions of people have made guesses...almost all of them have come out wrong. There is definitely a very scaly reptilian undercurrent to the entire book.

 

Try Tarot cards instead...after all, out of the whole pack, there are bound to be a few cards that will accurately correspond.

 

What a bunch of simplistic, wordy, and mindless gibberish from SmokeyQuinn. This kind of "Junk History" contributes nothing to the advancement of mankind's journey. It only serves to feed those of simplistic and lazy minds, and to make overdrawn conclusions.  This book leans hard to the far right toward Fascism on the political spectrum.

 

Strauss and Howe make careless and bold statements and present theory as fact. Very intriguing on the surface, but frankly irritating in the lack of solid scientific process when examined closely. It is "prophesy"… predictions that are sufficiently vague and only satisfy neo-con simpletons.

Yet, SmokeyQuinn is again turning to this kind of junk thinking with his simplistic praise of the “answers” from religious zealots and mindless politicians… a useless tirade.

If our species is to survive, and enlightened culture to progress, we must reject such simplistic models.  Thinking minds must do the hard work necessary to discover rational solutions to our most perplexing problems.

SmokeyQuinn does not contribute to this endeavor. 

His time would be better spent in serious research to dispel his ignorance, toward a much deeper understanding on his part, of the scientific basis of 9/11 TRUTH.

 http://www.ae911truth.org/

……………………………………………………

SmokeyQuinn …stop AIDING AND ABETTING the Neo Nazi criminals and traitors by continuing to be an outspoken ACCESSORY AFTER THE FACT!

 

Wed, 11/02/2011 - 13:58 | Link to Comment Bastiat
Bastiat's picture

Brilliant!  Well said.

Wed, 11/02/2011 - 14:19 | Link to Comment Bastiat
Bastiat's picture

It is "prophesy"… predictions that are sufficiently vague and only satisfy neo-con simpletons.

And intellectually undisciplined, inexperienced, chowder-headed, young people subject to manipulation through flattery.  I love the stuff about how tech-savvy they are -- like it's hard to use a fucking smartphone?  Like it's a great achievement to waste your life staring into a 3.5" or 4" screen tapping away with your thumbs?  Digital circle jerk.

Scott Olsen and that sailor had guts and conviction as did the boomers who put their lives on the line in Civil rights marches, anti-war marches (successful, btw) and in the service as well.  Courage and conviction doesn't belong to generations.

Wed, 11/02/2011 - 14:52 | Link to Comment DavidPierre
DavidPierre's picture

 

This ever repeating theme by SmokeyQuinn, (a self confessed 9/11Moron), is a horrid mix consisting of one part historical, riffing using Boomer music, one part voodoo astrology, and one part interesting correlation of questionable data patterns from scrubbed and tainted ameriKlan history.

The combined effect is little more than a condescending attempt at palm reading for the ignorant masses.

 
Some of the predictions were on target, easy to do with a scatter gun,  but ultimately the suggestions as to how to deal with the looming catastrophe has everyone being good little docile, unquestioning citizens.

It's sad that people take this tripe seriously.

Wed, 11/02/2011 - 12:06 | Link to Comment Zedge Hero
Zedge Hero's picture

I know this is going to shock you, but yes 1492 was 519 years ago, hence American History started in 1492.  Theres a book I believe out there called Eye wtiness to American history, then says something about 500 years in it's subtitle, anyway yes US histroy may be 1776, but American Histroy does start in 1492 or I guess you could call it European American Histroy to be correct.  When I first read that book, I thought the same -don't feel bad.  It's the whole Merica thing that is confusing, but there are Canadain Americans and Chile Americans too.  We just think we are the only "Americans".

Wed, 11/02/2011 - 10:30 | Link to Comment zeek
zeek's picture

Break the status quo by removing special interest tax benefits control from lawmakers... this is the only way we get a fighting chance to break the thorn in the side of the country that has best developed capitalism and freedom.

Gut the tax code.  What will the lobbiests have to lobby for then?!  Regulation.

We've got to gut our regulatory system while we're at it.  EPA, FDA, FCC and others have become a mechanism to gain an advantage for a corporation.  Tax code and regulation have been responsible for a significant portion of the divide in opportunity between citizens.

Hmmm... now who was it that wanted to end the Fed?

Wed, 11/02/2011 - 10:31 | Link to Comment xtop23
xtop23's picture

An interesting read thanks Mr. Quinn

Wed, 11/02/2011 - 10:36 | Link to Comment Melin
Melin's picture

What a charming romantic you are.  You assume everyone will be lulled into submission by the promise of "history."  

"...these young people. . .exercising their Constitutional right to free speech and freedom of assembly". .

You pretend millenials are "spearheading" this movement and you pretend they give a whit about the Constitution and the individual rights it's designed to protect.  The movement began by squatting in a privately owned park. 

The millenials have plenty to be pissed about.  I hope they glance in the Founders' direction for answers.

Wed, 11/02/2011 - 11:12 | Link to Comment Jim Quinn
Jim Quinn's picture

It's a public park. Thanks for representing the ignorant masses.

Wed, 11/02/2011 - 11:33 | Link to Comment Melin
Melin's picture

"Public" in the sense that Brookfield Properties built it and are forced to maintain it in order to exercise their "right" to property?  

Wed, 11/02/2011 - 12:58 | Link to Comment DavidPierre
DavidPierre's picture

 

           THE 4th TURD

     “Mumbo jumbo, big words, more mumbo jumbo”—–Strauss and Howe

“Saeculum, yadda, yadda, spirit of America, yadda, yadda, Golden Age,”—-Strauss and Howe

“Ekpyrosis,  mumbo jumbo, Apocalypse, yadda, yadda, more big words”—Strauss and Howe

 

Wed, 11/02/2011 - 10:41 | Link to Comment New American Re...
New American Revolution's picture

I think you're giving too much attention and credit to Strauss and Howe (whoever the fuck they may be), and not enough credit to CCR.   You don't work for this Strauss and Howe fella's now, do you?

Wed, 11/02/2011 - 10:44 | Link to Comment Stuck on Zero
Stuck on Zero's picture

America's richest city:  Washington D.C. (http://www.humanevents.com/article.php?id=46968)

 

Nuff said.

 

 

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