Guest Post: Economic Collapse? We’re Soaking In It!

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
jdelano's picture

Wow.  Obscenely low volume on the comment threads this morning.  Crisis fatigue everybody?

HD's picture

Probably. We do this day after day and it's the same BS. Groundhog day.

MillionDollarBonus_'s picture

This is what happens after decades of a lack of welfare spending, jobs bills and other fiscal stimulus programs. Dr Paul Krugman has been warning about a double dip recession for MONTHS now:

http://www.huffingtonpost.com/2011/09/09/paul-krugman-50-percent-chance-...

When are libertarians going to admit they have been dead wrong and liberals have been dead right over the last decade? We have been warning about the lack of government spending for years, but nobody listened, and now we are finally paying the price. Unless we have some serious monetary and fiscal stimulus soon, I fear there is a significant risk of a double dip recession.

NetDamage's picture

The thickness of the ironi really deserves a gold painted Oscar

DaveyJones's picture

the only thing accurate in in his post is the second half of his last sentence.

Phil Free's picture

What I am having trouble grasping, is how many people have clicked his 'Green' arrow.  There surely cannot be that many idiot savants on ZH.  Unless it's to purposely encourage 'im, so he/she/it will dazzle us with more stunningly wrong statements of the insane.

 

Ahh, yes.. the Entertainment factor..

Hugh_Jorgan's picture

FYI... An "Idiot Savant" posesses extreme levels of innate skill at something like abstract math or playing an instrument, but cannot perform simple tasks like tying their shoes or putting away laundry.

MDB is just a common garden variety "Idiot".

Phil Free's picture

Certainly true;  but I never suggested that MDB was any sort of idiot savant.  He/she/it's level of vast ignorance and base stupidy would make such an exercise impossible.  As I believe a (hopefully) decently high percentage of ZH posters possses what could be called "intelligence", that left little room in explaining how anyone with such "intelligence" could be clicking MDB's green arrow.  Unless that "intelligence" was paired with a raving idiocy -- thusly potential 'idiot savants'.   Unless, of course, they don't really agree, and are all shooting for the high-entertainment angle.  Trolling.  So to speak.

 

If you have a better explanation, I'm all eyes.

i-dog's picture

The only "idiots" here are those, like yourself, who are taking him seriously and posting indignant replies.

Phil Free's picture

Does the "i" in i-dog stand for idiot?  Let me repeat myself again.  I am in no way taking a single letter typed by MDB to be anything even remotely approaching serious.  That would be the height of stupidy itself.  As this appears to me as obvious, I have only wondered what rocket scientists have been clicking his green arrow (now up to 21, at the time of this post).  Hey -- if you think they're all in on the joke, that's fine.  That would make more sense to me, than the impossibility of that many homo-sapiens taking him/her/it at face value.

I am more equal than others's picture

Krugman and MillionDollarBonus starring in 

DUMBER and DUMBEST

Want to hear a real annoying sound?

"spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more, spend more"

monopoly's picture

"Unless we have some serious monetary and fiscal stimulus soon, we have a significant risk of a double dip recession."

You cannot be serious with that comment. We have imprisioned our children with debt forever, there is no way we can pay it back, and you want us to print more. That is the problem. Noone is willing to do what is needed to save this country. "Monetary stimulus has failed and will continue to fail". That is not the answer. No country has ever prospered by creating debt. 0, zilch. Nada. And we have never left the recession. What do you mean double dip. Reminds me of those "green shoots".

And yes, reading the truth here every day while enlightening, is draining. Why can't it just end, pay that piper and move on. 

WonderDawg's picture

Why can't it just end, pay that piper and move on.

I don't think it's quite that simple. When the time finally comes that we have to pay the piper, we'll be paying for decades. This is going to last for a generation or more. We'll move on, but it won't be the next day.

 

ratso's picture

Actually it can end that way, it will just take some ugly twists and turns and a lot of inflation.

So what do we learn from this article - THE SKY IS FALLING NOW!!! CRASH HELMETS ON!

GIve me a break please. I'm just drinking my coffee and reading this stupid crap.  How about some realistic commentary for a change.

 

FEDbuster's picture

MDB how did that work out for Greece? or Italy? or Ireland? or Spain?..... 

When the end comes many won't be prepared.  Their response will be quick and violent.  Fifty Rodney King riots in fifty different urban areas, a flash mobs of thousands looting and burning.  Don't bother trying to inform people, they either get it by now or they don't.  Prepare with your family and/or like minded friends, this won't be your great grandfather's Depression.

s2man's picture

Correct.  But more like 1,000 cities.

AE911Truth's picture

re: "We have imprisioned our children with debt forever, there is no way we can pay it back"

We could pay off all the debt with HR2990 debt free money. Savers would need to protect themselves with Silver and Gold.

Hugh_Jorgan's picture

"This leaves the U.S. to flounder without a life-vest, or to be swallowed by the leviathan otherwise known as the IMF."

He forgot the other possibility; the wholsale giving of US Land and Resources to the Chinese in exchange for them buying more debt which is already beginning...

http://www.760kfmb.com/Global/story.asp?S=10083089

 

forexskin's picture

oh ho ho ho, you so funny....

and so important MDB, such a race now to reply, because

you so funny, ho ho ho....

Stuck on Zero's picture

May I translate "fiscal stimulus" into English:  crony bailouts, trillions to blow up the Middle East, billions for bankers, billions for political operatives, billions for Israel, billions for defense contractors, crony loans to fake green energy front operations, billions for social research, billions for universities to study sand fleas, billions for Homeland Security, billions for detention camps, ...

Need I go on?

common_sense's picture

Apparently, Mr. Bernanke, Geithner and Dragui, are putting negatives points to your comment!!

Congratulations!!  Why they don't print, instead of putting MINUS?  Printer machine is broken or OUT OF MONEY ????

Hugh_Jorgan's picture

Ah yes, Krugman and Huffpo. Kinda like Sophistry and Sycophantry, or maybe Pain and Panic in the Disney Hercules cartoon...

Pitchman's picture

This was a brilliant piece!

The pieces are falling into place.  Major trading blocks are taking form utilizing disaster/crisis capitalism (Naomi klein's Shock-Doctrine), to produce continent wide Gulags where a psychopatic leadership can live out their devinely inspired utopia.  

HD said: We do this day after day and it's the same BS. Groundhog day.

And the article: " Hell…I’m tired of writing about it"....

But,  "we continue to point a light upon the dark corners...  This is the job of every Liberty Movement activist; to share the truth, even if it hurts."

Thus the beat goes on and frankly I too am tiring of pointing out the most prenicious man made institution of all.

THE ROOT OF OUR SOCIAL, ECONOMIC, MILITARISTIC WOW'S IS AN EVIL, MONETARY SYSTEM.  EVERYTHING ELSE IS A SYMPTOM OR AN ACTION THAT SUPPORTS IT.  AT THE HEART OF THIS SYSTEM ARE THE CENTRAL BANKS; THE FED, THOSE WHO CONTROL IT AND THEIR DISHONEST, DEBT BASED MONETARY POLICIES.  AS SUCH; REGULATIONS, LAWS AND THE CAPTURE OF GOVERNMENT IS FOR THEIR BENEFIT.  AN ACCOUNT OF THE PEOPLE HAS NO PLACE IN IT.  INDEED, IF THE PEOPLE WERE ITS PRIMARY CONCERN, THE WORLD WOULD BE MORE FREE, LESS VIOLENT AND MORE PROSPEROUS.

THE PRIVATELY HELD FED IS THE TOP REGULATOR OF ITS TBTF OWNERS AND MEMBER BANKS.   IT'S CREATION OF MONEY OUT OF THIN AIR; LOANED, AT INTEREST, TO THE SOVEREIGN IS THE MOST INSIDIOUS OF CRIMINAL PONZIS FOR WHICH ALL ITS FAUX REGULATIONS AND FINANCIAL MISALLOCATIONS FOLLOW. 

THE FED'S FIAT PETRO-DOLLAR AND IT’S DEBT SLAVERY ECONOMIC MODEL, IS THE MOST POWERFUL CENTRALIZING FORCE KNOWN.  IT IS THE GENESIS OF FUNDING FOR THE ELITE MONEY POWER, THEIR CONTRIVED SCHEMES OF CONTROL, AND A SYSTEM OF INCREASING DEBT AND GLOBAL WAR.

TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL. END THE FED!

See:

Money Power And The Central Bank: Life Is But A MEME

END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC

 14 Reasons Why We Should Nationalize The Federal Reserve

 

RAPE OF THE REPUBLIC

Though graft, corruption and blatant criminal fraud is thoroughly entrenched and our law makers (the two party oligarchy) barely bother to hide their complicity, this is not just a crisis of leadership.   It is a societal crisis as their self serving behavior, to date, is done with the consent of "We The People"/you. 

See: RAPE OF THE REPUBLIC

 

Based on Ponzi dynamics, credit expansions and speculative manias are naturally self-limiting. Credit expansions expand exponentially until the debt they generate can no longer be serviced and the greatest fool has committed himself to the exhausted trend, and no one remains to push prices up further.

Central Banks, Bubbles And The Coming Unwind

Can you say; Counter Party Risk?  See how money, created out of thin air has exploded the worlds financial sector and how it can disappear as if it never existed:

Evaporation of Wealth on a Vast Scale: How $Millions - Trillions Can Disappear

 

Momauguin Joe's picture

Ride the tiger, Brother.  Let the fucker collapse all around you. Stay out of the way. Live to pick up the pieces.

SWRichmond's picture

IMO this is the real task of the liberty movement; wake up and prepare.  Prepare for what?  Prepare to vigorously advocate liberty on the other side of this coming collapse, because that is the moment when the forces of tyranny will strike and try to complete their consolidation of power.  At that time it is winner take all.

FEDbuster's picture

Problem is the .gov will have control of food and energy, and they will use both to control what's left of the population.  Freedom and liberty are tough to fight for on an empty stomachs.

CaptA's picture

Not that tough. It doesn't take a lot of energy to pull a trigger.

FEDbuster's picture

Many armies have starved to death through out history.  Doesn't take too long to destroy the fight in men whom are starving to death.  Stock up on food now, while it is cheap and available.  Look what Stalin did to the Ukrainians in just two years:

http://www.youtube.com/watch?v=NJ4L8JEILNE&feature=related

 

Phil Free's picture

Along with a few real guns (& ammo) to protect the garden.

FEDbuster's picture

They will come for both the garden and the guns.  They are trying to shut down the "small" farmer and have passed regulations preventing farmers markets (in the name of food safety).    Plus, just try to feed your family from a home garden, good luck.

As for the guns, just look at Katrina for proof of what will happen in a martial law situation.  You better draw your line, and know when to use them before they take them away. 

The boot on the face will come swiftly with a steel toe.  

jerry_theking_lawler's picture

ah, you mention the turning point in my life...katrina. their i went from boy to man! i spend 14 days in kiln, ms.....all i can say is that close friends and family were very important. strangers were not tolerated. gas and beer were major commodities (which we had all of these...and lots). and carrying a firearm was near manditory. but i felt very safe and secure the whole time (but I was not a looter/thief either).

lessons learned:

1. be prepared (boy scout motto)

2. be prepared-have food/water/shelter

3. be prepared-have a network of family, friends, or neighbors who you can trust

4. be prepared-have a way to defend yourself....and your network

5. be prepared-if the SRHTF (shit really hits the fan) have a mindset of letting go of the 'old' ways and embrace new ideas of survival and what really matters in your life. set goals and work towards those goals.

I really do not thinks things will get THAT bad, but if so, I am prepared, nonetheless.

MachoMan's picture

If done as you suggest, there is a high probability it would be too late...  The trick, it seems, is to get people to call bullshit WHILE the real estate bubble is being expanded...  while everything looks good...  with the present wealth gap and prospects for future growth (energy limitations, et al), this might have been the last plundering, hence how brazen the robbers.

The collapse is the product of design.  You have to remember that you're dealing with rational persons of the highest degree of machiavellian aptitude.  People like this ONLY make political decisions, i.e. take actions to put their opponents into binary choices, either of which lead to benefit the political actor.  It might be a plan B or a second part of the plan, but it's still benefit nonetheless.

A much safer alternative would be to carry significant momentum into the crash and/or initiate it.  However, the problem with movements like OWS is there is no clear direction/platform.  If someone did desire to gain as much goodwill prior to the crash as possible, then they would need to develop a viable platform to make a unified front.  Of course, any political aspirations prior to collapse come with inherent risk in that the moving parties would stand to be blamed by established power for the crash...  further obfuscating the issue and concentrating power.  Or, alternatively, that the moving parties cannot meet peoples' expectations to reflate their standards of living quickly enough and the movement loses steam.

No right or wrong answers...

DaveyJones's picture

while some definitely profit from it, not convinced that all empires collapse by design. Most of them go down on greed, hubris, corruption and over expansion.     

MachoMan's picture

I completely agree, except I'm not talking about all empires... just ours.

In fact, I'll go further and say that the collapse from greed, hubris, corruption, and overexpansion are all part of the plan...  the plan only involves laying out a noose...  for some reason, inevitably everyone tries to get their head in it.  So the fact that empires go down on these things isn't necessarily evidence of lack of foresight...  it's all part of the game (and the mechanism that differentiates real power brokers from their lackies).  Again, we're dealing with machinations of subtle control all of which have plausible deniability.  You might say that all of it is a necessary conclusion with the expansion of credit...  all necessarily flow...  each and every time.

If you come out of the stealing with empty pockets, then you're not part of the club...  kind of a sour pink slip, but them's the ropes when you play with fire.

DaveyJones's picture

either way, the common man is (and continues to be) screwed unless and until he rises up and /or fights by destroying or building exchange systems outside the system. That is the wild card, perhaps the only one left.

MachoMan's picture

The odd thing though...  we fall back into our...  familiarities...  which include boom/bust cycles, tiered societies, and a usurpation of political power.  I suppose anything can happen, but arguing from induction, things don't look good.  The little guys might end up as the 1% next go round, but not sure what you do with the other 98% (OWS figures)...

Basically the plebs get mad, break shit for a while, and then fall back into the role as abused wives.  The key to it all is having people who take power AND wilfully give it up after completion of their initial political goals...  power is a tricky thing and not easily relinquished...  kind of like the ring of power in the tolkien saga.  It just ends up corrupting everyone.

In short, the view only changes for the lead donkey. 

SWRichmond's picture

Krishnamurti described this as "revolution within the walls of the prison."

HoofHearted's picture

They;ve been doing it for years. Patriot Act, supersecret loans to failed companies, surveillance. What we need is a little revolution right at the time of the collapse of everything. They'll be so busy trying to kick the can down the road that this will be the time to rest for those few reasonable ones of us left. "Remember, remember, the fifth of November..."

Unfortunately, ost of us will be too busy planting crops or harvesting them, taking care of the chickens and cows, etc. We'll be fine until they come to take what we have, and then it will be all-out war. Luckily most of us are fairly well armed. But this is a terrible way to live and a terrible situation when your government, and your neigbors, will be so damn desperate.

Hugh_Jorgan's picture

At "THAT" time the Liberty Movement will be advocating for "come and take it" militias. Don't kid yourself, the Liberty Movement crowd has a long fuse but if you insist on lighting it...

AE911Truth's picture

Re: "Obscenely low volume on the comment threads this morning."

Denial of Service via route starvation? I suspect this happened last month also. Does the FED not want us to peacefully assemble?

s2man's picture

I thought it was supposed to be through DNS redirecting, not route starvation.  As such, I have collected the IP addresses of my favorite, to be non-approved sites.

Spastica Rex's picture

Yes. I really think I've reached my limit.

Pitchman's picture

RAPE OF THE REPUBLIC

Though graft, corruption and blatant criminal fraud is thoroughly entrenched and our law makers (the two party oligarchy) barely bother to hide their complicity, this is not just a crisis of leadership.   It is a societal crisis as their self serving behavior, to date, is done with the consent of "We The People"/you. 

See: RAPE OF THE REPUBLIC

TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL. END THE FED!

See:

Money Power And The Central Bank: Life Is But A MEME

END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC

 14 Reasons Why We Should Nationalize The Federal Reserve

 

Phil Free's picture

Wow -- prescient?  Quoting:  "...romance, adventure, money, Thirst for Power..."

 

Not a line I was expecting to hear in a Palmolive commercial.  Made more humorous that it's here in this ZH thread.  About Soaking in It.

DormRoom's picture

"If you want a picture of the future, imagine a boot stamping on a human face--for ever."- George Orwell, 1984

 

Over the last 30 years the boot exterior has worn off, and aint nuff fing but steel toe from now on.

 

#occupywallstreet

Max Hunter's picture

hmmm.. you're going to make me look that up.. I though it said something about a boot on the throat of humans... anyway.. yeah.. something like that..