Guest Post: Bread, Circuses, Cake And Markets

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Mon, 07/25/2011 - 19:07 | 1492357 SwingForce
SwingForce's picture

Off Topic, sorry, Ron Paul audio only, today: http://www.youtube.com/watch?v=sN0nM6D73iY

Mon, 07/25/2011 - 19:12 | 1492365 DosZap
DosZap's picture

Nothing there.

Mon, 07/25/2011 - 19:13 | 1492366 Manzilla
Manzilla's picture

Well said. Yes stop trying to pander to the markets, you can't control what it does. Just fix the god damn economy and the market will reward you. Idiot partisans. Get rid of them all.

Mon, 07/25/2011 - 19:15 | 1492367 euclidean
euclidean's picture

Just a couple of little things - the US doesn't have soldiers any more, it has contractors. Contractors making a lot of money; 'soldiers' is so ... 20th century poetry. Contractors are embedded into this 'market'. Congress doesn't please Wall Street since Congress IS Wall Street. Revolving doors to the revolving market.

Rinse, repeat.

Mon, 07/25/2011 - 19:31 | 1492428 Taint Boil
Taint Boil's picture

I have a nephew in Japan "working" as a contractor that makes about 150K a year as a security guard ........... he is 25 years old. Hilarious!

Mon, 07/25/2011 - 21:31 | 1492790 Hacked Economy
Hacked Economy's picture

Really?  My young adult son is looking for a job and having a hard time finding anything.  Maybe he can get the 'ol Zero Hedgie buddy hook-up for an apprentice security paying just half what your son gets?  At least until the S gets really close to HTF and he needs to get back to the States before the borders are closed...   :)

Mon, 07/25/2011 - 21:56 | 1492929 equity_momo
equity_momo's picture

Why would he want to get back before the borders are closed? 150K/year outside of the US sounds like the perfect gig.  I didnt see many people rushing to get back to East Germany before the Wall was erected.

Thu, 09/01/2011 - 22:59 | 1624892 Taint Boil
Taint Boil's picture

I would help if I could - sorry. My young son is in the same situation.

Tue, 07/26/2011 - 01:59 | 1493608 AnAnonymous
AnAnonymous's picture

I have a nephew in Japan "working" as a contractor that makes about 150K a year as a security guard ........... he is 25 years old. Hilarious!

US citizens make a lot of money out of army opportunities. Keep it a hush hush though. US citizens want to believe in their sacrificed youth cheap propaganda so much...

In the US, poor youth has no other future than flipping burgers or taking up military opportunities, to make 150k per year, how sad and harsh on the poor US youth. Worse fate possible.

Mon, 07/25/2011 - 19:14 | 1492368 Id fight Gandhi
Id fight Gandhi's picture

American debt slaves, that's all we are.

Mon, 07/25/2011 - 21:33 | 1492799 sgt_doom
sgt_doom's picture

" Rather than focusing on the issues, the leaders tried to placate the masses."

This dood posting doesn't seem to know much, if anything, about world history.

I would strongly advise him to read the following:

http://dieoff.org/page134.htm

A leeetle bit of knowledge goes a long way......

Tue, 07/26/2011 - 00:43 | 1493496 darkstar7646
darkstar7646's picture

The problem is that it is not going to be a 20-40 year event -- we're talking a nuclear-bomb like scenario (as in an instantaneous loss of order, and all of the things it implies).

Tue, 07/26/2011 - 07:34 | 1493837 Mr Kurtz
Mr Kurtz's picture

An excellent suggested read. I was particularly struck by the following footnote:

It takes protracted hardship to convince people that the world to which they have been accustomed has changed irrevocably. Hardship that is minor or episodic merely allows leaders to exploit popular discontent for personal gain. Economic growth has become mythologized as part of our ideology, which makes it particularly difficult to discuss objectively in the public arena (Giarini and Louberge 1978).

As uncle Milton would advise, "There is no such thing as a free lunch".

Mon, 07/25/2011 - 19:17 | 1492374 kito
kito's picture

"I am not convinced America has reached it's apex and is in decline"

HA!!  HAHA!!  HAHA!!! HAHAHA!!!

Mon, 07/25/2011 - 19:24 | 1492398 Steelpulse
Steelpulse's picture

+14,000,000,000. LOLOLOLOLOLOLOL!!!!!

Mon, 07/25/2011 - 19:20 | 1492381 blunderdog
blunderdog's picture

How can "the economy" be broken?  It's an interlocked network comprised of every participant and his actions.  What is it we think it's "supposed to be like" that someone thinks it can be fixed, let alone by government?

Tue, 07/26/2011 - 03:43 | 1493697 stirners_ghost
stirners_ghost's picture

If the free market doesn't provide a desirable outcome, it must not be very desirable to very many people.

[...]

It's not a market failure if you can't find someone to give you saxophone lessons for less than $8 an hour.

-Allen Thornton, Laws of the Jungle

Mon, 07/25/2011 - 19:21 | 1492386 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ain't today ironic!

Bread and Circus:

http://lhmarketwatch.blogspot.com/2011/07/bread-and-circus.html

 

Mon, 07/25/2011 - 19:22 | 1492391 blindman
blindman's picture

the power. the power. the sovereign. the power to create
money out of the power to create money, it is banking in fiat land.
now or then it will fail to feed and then turn to murder for its survival
and required expansion. oh well, tomorrow is another day ... except
that depends on a time frame of nature and immune from the delusional
temporal dictates of banksters and their zombie tribes.

.

The War You Don’t See
http://topdocumentaryfilms.com/war-you-dont-see/
.

and this ...

Peterjbolton
July 26, 2011 at 12:13 am | #
Listen and consider: The Final Moments Arrive!

I am of the firm intellectual belief, that the state of ‘Economics’ as it is practiced, is nothing but a totally fraudulent persuasion,and has been been for at least 300 years, or more, with its fundamentals rooted in the US demand for exogenous spoils through looting, by the continuity of war activities and diplomatic imposed national intimidation – fully, a priori, and necessarily supported by the largest and most sophisticated military force – that exists, which just cannot, incompetently and managerially, win a war –because, that is the intention and purpose of its own National ‘economic practice’.

All this, while the so called US Gold Standard was a Central Bank fraud — as is the whole Global Banking system.

The World has been conned and fooled!

All – “Economic Theory” and “Economics” is “store high in transit” – it is opinion; nothing more and nothing less but preferential opinion and nothing more than convenient opine and ignorance that allows it to be propaganda-ized through the whole public socio-economic spectrum of human action. That is to say, the education demand which, upon realization, in order to survive, must be immediately forgotten.

Economics is a Profession of Prostitutes, without Ethics and or Morality!

The ruling socio-economic force is Banking — which controls by the establishment of Central Banks which projects its controls by franchised political power and centralizes a major “interest” on all productivity, ad infinitum. It is a parasite which is predatorial, a priori! Banking is the Giant Squid and feral fungi Candida; it is the end!

There is no “Economic Theory” per se, only control through inflation of Central Banks.!

There is a need for Human Consciousness to evolve to the point of exposing this Economic Fraud of organized crime by political being and Policy on the human economy!

Sadly, we will not believe these words. But, if we do, humanity may survive!

Mon, 07/25/2011 - 19:49 | 1492480 Dugald
Dugald's picture

On target, but sad to say sir you are whistling in the wind....the situation is I believe beyond any reasonable recovery.........I don't much care for swear words, but think we will just continue to be fucked over, simply because it is the least line of resistance....

Mon, 07/25/2011 - 20:50 | 1492629 blindman
blindman's picture

whistle i whistle the wind blows the wind blows i whistle. soon the wind will change and someone will whistle into that new wind with the same old whistle. and the wind will then change, again, and a new whistler will find the right tune. a song that resonates in the heart and mind, to satisfy the soul of humanity. ....... anon.

Tue, 07/26/2011 - 00:44 | 1493498 darkstar7646
darkstar7646's picture

We are far beyond any reasoned recovery -- so do we end it now or let the market end it for us?

Mon, 07/25/2011 - 19:23 | 1492393 Peter Pan
Peter Pan's picture

Thank God for food stamps.........people can now have so much more than cake.

Mon, 07/25/2011 - 23:10 | 1493247 CH1
CH1's picture

Well, not exactly cake.

Twinkies, Suzy Qs, Big Gulps, Ding Dongs, Doritos, and maybe a couple of Slim Jims for protien.

Mon, 07/25/2011 - 19:24 | 1492397 LikeClockwork
LikeClockwork's picture

+1 kito

Mon, 07/25/2011 - 19:30 | 1492423 vocational tainee
vocational tainee's picture

I,am with you...

Mon, 07/25/2011 - 19:37 | 1492441 Peter Pan
Peter Pan's picture

People will soon discover that IOU does not mean I WILL PAY YOU. In the end the only thing that is stopping the US from defaulting is the fear that China will confiscate every single US subsidiary in China as payback. That will absolutely screw US corporate earnings to say the least.

Mon, 07/25/2011 - 19:53 | 1492494 Dugald
Dugald's picture

And there is your excuse for another war.........

Mon, 07/25/2011 - 21:35 | 1492820 Hacked Economy
Hacked Economy's picture

...and as we all know, war is often a means used to "stimulate" a sluggish economy.  And I'm not talking about a childish public smackdown like we gave to Libya recently.  That wasn't a real war.  I'm talking a full-blown gearing up for takeovers of entire sovereign nations (or the full-blown defense of our American soil from an invasion).

Tue, 07/26/2011 - 02:01 | 1493610 AnAnonymous
AnAnonymous's picture

That wasn't a real war. 

Maybe the Libyans think otherwise. But who cares? This is a US world order and only matters the opinion of the new nobility in the world, US citizens.

Mon, 07/25/2011 - 21:03 | 1492665 Bobbyrib
Bobbyrib's picture

Default sounds better and better each passing day..

Mon, 07/25/2011 - 19:38 | 1492449 blindman
blindman's picture

the market?
banking and "money".

Bankers, according to the London Times, launder about 400 billion dollars a year or more in illegal weapons sales.

Posted on July 25, 2011 by maxkeiser
http://maxkeiser.com/2011/07/25/bankers-according-to-the-london-times-la...

Mon, 07/25/2011 - 19:41 | 1492454 oogs66
oogs66's picture

somewhere else on ZH i thought i saw that less than 40% of sales, and even less of revenues come from America for S&P 500 companies, and yet that is all the government worries about!

Mon, 07/25/2011 - 19:56 | 1492499 Zero Govt
Zero Govt's picture

the politicians don't give a crap about the markets... all that matters is they suck out enough money from your pockets and the deluded financiers that buy Govt debt that they keep their sponsors (parasites) pockets lined with money

...everything else is a charade 

Mon, 07/25/2011 - 19:42 | 1492458 traderjoe
traderjoe's picture

Good post. I found it interesting and revealing that Reid quoted two market 'experts' during his press conference. 

Who are these experts? Did we vote them in? Are they going to talk their book? Yes! So, aren't they conflicted? 

It represented a clear and crass representation of who's really in charge of this country...

Mon, 07/25/2011 - 20:03 | 1492516 caerus
caerus's picture

I noticed that too...I find it absurd that politicians and market watchers hang on bernankes every word as though he were the oracle at Delphi...He is a bearded button pusher...unelected no less...pay no attention to the man behind the curtain...

Mon, 07/25/2011 - 21:27 | 1492769 oogs66
oogs66's picture

i wish there was a like button :)  +100

Mon, 07/25/2011 - 19:57 | 1492503 Debugas
Debugas's picture

"food stamps" and "golden parachutes" that's how america of today will be remembered

Mon, 07/25/2011 - 20:12 | 1492544 jmc8888
jmc8888's picture

No Glass-Steagall, no recovery, everything else, including all the lame-o plans put forth in congress is just tossing off into ones own ass via a funnel.

Mon, 07/25/2011 - 20:14 | 1492545 Peter Pan
Peter Pan's picture

By the way, should we expect the msrket to jump by 150 points once the political masters reach an agreement on the debt ceiling? Haven't news replaced fundamentals? The Dow's reading is nothing more than the mortician's make up powder on what is otherwise just a corpse.

Mon, 07/25/2011 - 20:20 | 1492556 goldenbuddha454
goldenbuddha454's picture

Ok, now that default is imminent, who will forgive us first for not paying them China or Japan?  I think Japan only because they need our support to keep North Korea locked up.  China wants Taiwan and will probably request it as payment for our defaulting on their U.S. bonds they bought.  Secondly, it was a very bad precident to set when Germany and France let Greece roll over its bonds.  Now, they have to let all the PIIGS plus Belgium roll their debt over.  Ditto USA.  Should be interesting next week seeing how the world markets react.  My guess is that default is already priced into markets.  Noone cares anymore except Tax-Cheat Tim, Bernoccio and Obama.

Mon, 07/25/2011 - 20:25 | 1492571 goldenbuddha454
goldenbuddha454's picture

Tyler Durden looks like Billy Idol with black hair.  Cool!

Mon, 07/25/2011 - 20:39 | 1492597 jack stephan
jack stephan's picture

Conan's Father: Fire and wind come from the sky, from the gods of the sky. But Crom is your god, Crom and he lives in the earth. Once, giants lived in the Earth, Conan. And in the darkness of chaos, they fooled Crom, and they took from him the enigma of steel. Crom was angered. And the Earth shook. Fire and wind struck down these giants, and they threw their bodies into the waters, but in their rage, the gods forgot the secret of steel and left it on the battlefield. We who found it are just men. Not gods. Not giants. Just men. The secret of steel has always carried with it a mystery. You must learn its riddle, Conan. You must learn its discipline. For no one - no one in this world can you trust. Not men, not women, not beasts.
[Points to sword]
Conan's Father: This you can trust.

Mon, 07/25/2011 - 20:40 | 1492598 SaveTheBales
SaveTheBales's picture

Don't worry.  Be happy.

They have 'em a high-powered Kentucky blue-hemp super-congress.

I'm sure they'll fix us good.

Mon, 07/25/2011 - 20:42 | 1492607 medicalstudent
medicalstudent's picture

our apex was y2k.

Mon, 07/25/2011 - 20:42 | 1492608 sasebo
sasebo's picture

All large societies that failed were led to their demise by stupid panjandra. Just like we're being led to our comeuppance by the stupid, pompous, pretentious assholes in Washington, DC & on Wall Street. Sad. 

 

Mon, 07/25/2011 - 20:44 | 1492615 Bansters-in-my-...
Bansters-in-my- feces's picture

The GOVERMENT.... IS NOT...THE "Fed"

The "Fed",....is NOT..."The Goverment.

The second paragraph could be VERY misleading.

 

Thge "Fed"...is the Goverments"Boss"

Mon, 07/25/2011 - 21:30 | 1492781 oogs66
oogs66's picture

how is the Fed not the government?  appointed by the government....speaks to the government...not answerable to anyone but the government.....don't believe independence for a second...either he is bigger than government, then the government is the fed, or vice versa, but don't believe indpendence for a second!

Mon, 07/25/2011 - 21:40 | 1492847 Hacked Economy
Hacked Economy's picture

The Fed...the de facto Fourth Branch of the government.

Mon, 07/25/2011 - 20:45 | 1492618 chunga
chunga's picture

Take your "Bread and Circuses" and shove 'em right up your ass.

CHASE BANK - MODIFY FAIRLY OR FACE $100,000,000 LAWSUIT FOR FRAUD

DO NOT CIRCUMVENT OUR OFFICE - ALL CORRESPONDENCE REGARDING THIS MORTGAGE SHOULD BE DIRECTED TO US.

Dear Chase,

We have sent HUNDREDS of pages of documentation to you since November 2010.

The borrower came to us because they did the same and were ignored. We are going to try one more time to obtain a modification for our clients before we turn to the court system for relief.

Your company has run rough-shot over our state's title statutes, and violated them as if they did not exist [and not only with regard to this particular property]. Unless you offer our clients an acceptable loan modification with a principal write-down to a new balance of $100,000,000.00 within 45 days, our intent is to amend our existing complaint to include acting in bad faith and outright fraud. The way you have treated our clients is disgusting and you should be held accountable.

Do NOT follow this link or you will be banned from the site!