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

Tyler Durden's picture




 

Submitted by Brandon Smith from Alt Market

Economic Collapse? We’re Soaking In It!

A rather unobservant or at the very least “unlucky” man strolls across a faulty bridge; weathered, termite ridden, and over-traveled. He hops and skips and jumps about like a brain damaged orangutan without a care in the world. He does this not only because he is oblivious to the fundamental physics behind the workings of the bridge, and the structural signs of a bridge that is on the verge of collapse, but also because numerous highly paid “experts” on bridges have told him it is absolutely safe to do so. The bridge, of course, crumbles right under his feet, and he falls.

Now, if the ground was relatively close to our unfortunate freefalling dupe, the sudden collapse and the painful shock of smacking into the rocky floor would be an understandable surprise. Given only moments between the failure of the bridge and the ultimate conclusion of the spine crunching granite bottom swan dive, one could hardly ponder the situation at all. However, in this event, the ground is not close. In fact, the ravine is dark, and the fall is long. Perhaps three or four years long. In this case, a man has plenty of time to think through the circumstances of his predicament, and realize that eventually, he WILL meet the future like a warm pancake smacking cold linoleum at 200 mph.

If such a man is unable to discern the problems he faces, or to even acknowledge the fact that the ground has given way beneath him, after such a long stretch of time, it becomes very hard to feel sorry for him. But then again, we were all like this man once…

Since the derivatives and housing market implosion of 2008, America and the rest of the world has been spiraling down a chasm some in this country still refuse to take note of. The question has never been whether there “will be” a full scale financial disaster. The end to that chapter of this story was already written years ago. Rather, the real question has been “when” will this inevitable event culminate? Sadly, speculation on the matter has met an irreconcilable road block. The fact is, all the necessary elements are in place to bring down our fiscal shelter not in five years, not in one year, not in six months, but today. That’s right…..the economy as we know it has the potential to derail completely before you wake up for your morning poptart.

Some skeptics might shrug off this statement as mere sensationalism for effect. I wish that were the case. Frankly, I would enjoy writing a little fiction for once. The truth is far too bizarre and disturbing lately.

In the case of economics, traditional views and standards have gone completely out the window in a way that I and probably every other analyst in the field have never heard of or encountered. All expectations are now null and void. Manipulation of the marketplace is no longer a subversive and secretive process, but open government and central banking policy! Who could have guessed five years ago, for instance, that U.S. taxpayers would be saddled with bailouts of the EU? Who could have predicted that global stock market psychology would be dominated for over a year by the debt drama of a country as economically insignificant as Greece? And, who could have foreseen that destructive fiat stimulus policies would soon be common knowledge events amongst the citizens of various faltering nations?

Liberty Movement analysts have been sounding the warning alarm for a long time on the possible consequences of Federal Reserve actions as well as government expansion, but to witness the scale of the fraud being unleashed and the brazen manner in which it is being implemented is something else entirely. Even now, the sheer scope of the systemic collapse is breaking into territory that may not be fully understood for decades to come.

That said, no one with any common sense or eyes to see can deny that the bridge has indeed given way. What awaits us when we finally hit bottom is hard to say, but it doesn’t take a soothsayer to predict an unpleasant outcome.

As the process of destabilization unfolds, the best we can do is stay attuned to political and financial shifts that often go underreported in the mainstream media. This gives us the ability to gauge the nature and speed of the crisis so that we can move to guard ourselves effectively when the time comes. Even the smallest morsel of information can have incredible significance. These holes in the fog are brief, but they reveal much. Some of this data signals a new and powerful wave of change on the horizon, a startling chapter which may be the last for the ailing economy as we know it…

Rise Of The Asian Union

Back at the end of 2008, a China reinventing itself as a consumer hub for the Asian-Pacific region announced a “proposal” to introduce cross border trade of the Yuan. Only a couple Western news sources covered this story, burying the information in their pages on Christmas Day. Now, cross border trade of the Yuan is launching the fiat unit towards reserve status in the Pacific and is hurtling China towards inclusion in the IMF’s new global currency; the SDR.

A recent meeting of the Asian Pacific Economic Cooperation (APEC) has led to a predictable clash of philosophies between the U.S. and China. Make no mistake, though, this conflict is a ploy. A soap opera designed to distract us as well as prep us for a trade war to end all trade wars.

The talks focused on progressive trade agreements and multilateral policies designed to shield Pacific nations from the poisonous debt cloud forming over the EU. These agreements rely, of course, on centralization tactics and the removal of protective export and import barriers. Both U.S. officials and Chinese officials WANT more centralization. Do not be fooled. The notion that American people have been fed, however, is that China wants a weak currency and export dominance for selfish ends. The notion the Chinese people have been fed, is that America wants to have its cake and eat it too; demanding a larger piece of the export market while at the same time expecting ultra-cheap goods from overseas. On the surface, they are both right, but go deeper, and you will find the tides of engineered globalism at work.

Ultimately, there is no APEC, at least not one that includes the U.S. There is only the ASEAN trading bloc, which is about to become the Asian Union. That’s right…they are ready. In a barely reported announcement from China, a proposal has been announced for the formation of an ASEAN central bank, designed much like the European Central Bank (ECB), which includes South Korea and Japan as stakeholders. Remember how cross-border trade in the Yuan started as a mostly ignored “proposal” back in 2008? This is not a proposal, this is a promise:

“The bank will also settle China-ASEAN trade in yuan, a step in China's long campaign to make the yuan, also known as renminbi or people's currency, a regional currency...”

http://www.reuters.com/article/2011/10/27/us-china-asean-financial-idUSTRE79Q2F520111027

Its official, folks! The U.S. has just been replaced as China’s go-to trading partner, and a new multinational economic union is about to be formed. There is absolutely no incentive anymore for China to continue investment in U.S. debt or the dollar. Everything between the U.S. and China has been leading to this. All that is left is the spark of trade aggression from either side to seal the deal. This leaves the U.S. to flounder without a life-vest, or to be swallowed by the leviathan otherwise known as the IMF.

Fall Of The European Union

After endless months of hearing about Greece, finally, world markets are starting to realize that there are other more financially important countries to worry about, like Italy, for example. With the replacement of President Silvio Berlusconi, and the budgetary shortfalls of the government in the media view, attentions are beginning to wander over to the EU as a collection of nations all in their own particular brand of trouble, instead of being sidenotes or dominoes in the Greece debacle.

The EU Growth And Stability Pact dictates that EU member states must maintain a national deficit of 3% or less, and a debt to GDP ratio of 60% or less. More than half of EU economies have far exceeded these limitations.

Italy’s “official” debt to GDP ratio stands at around 120%, but the true size of its liabilities may never be known. Greece’s debt to GDP ratio was cited at around 142% by government officials while analysts who use total debt to GDP calculations place it closer to 200%. Germany, France, and the UK all stand at around 80% of GDP (official numbers, again):

http://edition.cnn.com/2011/BUSINESS/06/19/europe.debt.explainer/index.html

The situation is so bad in the EU, that some, including German Chancellor Angela Merkel, want to end the current EU charter by 2012, and either shrink the number of members drastically, or restructure the agreement to allow more centralized control of member nations and their political policies:

http://www.reuters.com/article/2011/11/13/us-germany-eu-charter-idUSTRE7AC0KM20111113

What this means, essentially, is that there will not be a “collapse” of the EU in the traditional sense but, as we discussed here at Alt-Market last year, there will be enough chaos to frighten still sovereign minded Europeans into giving up certain economic and social powers and freedoms. A new EU will form, on the argument that it was “state sovereignty” and a lack of cooperation that caused the crisis to begin with.

This is total nonsense of course. Central banking policies and insane Keynesian borrow and spend strategies around the world are what caused this nightmare, some would say by design (including myself).

So, before the end of 2011, we have seen the formation of an Asian Union, and the first steps towards a more tightly dominated European Union. What’s next?

American Default: One City At A Time

If you thought the derivatives debt game had leveled out in the U.S., and that the worst was over, think again. The bankruptcy of MF Global, a far larger company than Lehman Brothers, has signaled a new resurgence of bank weakness. However, the real danger behind the MF situation is not necessarily its failure, but how it has been hiding its failure.

Not only was MF making risky bets with borrowed money without disclosure, and “window dressing” their quarterly reports to fool investors, but they have also been caught siphoning capital from client accounts to pay off the massive liabilities they have accrued:

http://www.reuters.com/article/2011/11/02/us-mfglobal-exchanges-idUSTRE7A00LG20111102

These kinds of activities are what we usually call “fraud”. But with a company like MF Global, whose reputation was once considered sterling, a much more important and terrifying question arises; how many other banks are doing the same exact thing?

My guess is all of them.

MF Global’s implosion places doubt on all major banking institutions and the legitimacy of their reported health, which means Americans have a lot of soul searching to do as far as where they actually choose to put their savings. But the return of the credit and derivatives specter only hints at the issues ahead…

After the historic credit downgrade of the U.S. by ratings agency S&P, most investors absorbed the shock, then ignored the peril, and began throwing around cash with wild abandon yet again. What many of them have not taken into account, though, is that the downgrade is not over. S&P has stated it will extend the downgrade of the U.S. AAA rating to thousands of municipal bonds after Federal Budgetary issues are decided by the so called “Super Congress”:

http://www.bloomberg.com/news/2011-08-18/municipal-bonds-may-face-downgrades-following-final-u-s-budget-s-p-says.html

These decisions are supposed to be announced by November 23rd; only weeks away. After the 23rd, S&P will begin examining state and city debt ratings on a case by case basis. The likelihood of multiple rating downgrades of numerous U.S. cities and counties is very high. These downgrades could lead to explosive levels of municipal bankruptcies. Being that some areas of the country have already filed for bankruptcy without S&P’s help, like Harrisburgh, PA, and Jefferson County, AL, the signs are not encouraging:

http://money.cnn.com/2011/10/12/news/economy/harrisburg_bankruptcy/index.htm

http://www.reuters.com/article/2011/11/10/us-usa-alabama-jeffersoncounty-idUSTRE7A87WW20111110

If you were wondering what the trigger would be for the next round of Federal Reserve quantitative easing, here it is; a combination of bank failure resurgence, along with city and state defaults leading to a clamoring for Federal funds just to stay in operation. Fiat injections in light of this event will dwarf previous measures. In fact, we may long for the days of TARP after the Fed has finished annihilating the dollar in order to plug thousands of ongoing municipal leaks in the hull of our sinking ship.

Make This Time Count

Everyone in the Liberty Movement is tired of dealing with the reality of economic disaster. Hell…I’m tired of writing about it. We know what’s coming. We know each scene of the play as if we had written and performed it before. And yet, we still at times find ourselves surprised, or even staggered, by the violent turning of events. Knowing that a train wreck is coming, and actually seeing it happen, are two very different things. Always keep this in mind…

For many others in this country, there is no frustration, because there is no awareness. This brand of “bliss” carries with it a terrible price; shock and awe at the closing of the curtain. A crushing despair and a haze of financial and emotional trauma. I (and most others) would never wish this feeling on anyone. And so, we continue to point a light upon the dark corners in the hopes that others will see what is there, and in their horror, decide to do something about it. This is the job of every Liberty Movement activist; to share the truth, even if it hurts.

Most will ask for solutions, and there are in fact many, far beyond the scope of this article. But the first and most important is that of dedication, and determination. This time, the time we have from the moment we wake up to the existence of the danger to the moment the danger strikes, is not a time to passively wait, a time to apathetically reflect, or a time to selfishly waste; it is a time to act. Remove your fears and frustrations from the equation and press forward, starting with the people closest to you. If you will not help them to awake to the fast approaching ground below, then who will?

 

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Mon, 11/14/2011 - 09:49 | 1875268 HD
HD's picture

Is there anything Madge doesn't know?

http://www.youtube.com/watch?v=_bEkq7JCbik

Mon, 11/14/2011 - 09:58 | 1875287 jdelano
jdelano's picture

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

Mon, 11/14/2011 - 10:04 | 1875302 HD
HD's picture

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

Mon, 11/14/2011 - 10:13 | 1875310 MillionDollarBonus_
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.

Mon, 11/14/2011 - 10:15 | 1875329 NetDamage
NetDamage's picture

The thickness of the ironi really deserves a gold painted Oscar

Mon, 11/14/2011 - 11:30 | 1875598 DaveyJones
DaveyJones's picture

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

Mon, 11/14/2011 - 12:32 | 1875832 Phil Free
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..

Mon, 11/14/2011 - 13:20 | 1875987 Hugh_Jorgan
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".

Mon, 11/14/2011 - 14:18 | 1876141 Phil Free
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.

Mon, 11/14/2011 - 14:50 | 1876269 i-dog
i-dog's picture

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

Tue, 11/15/2011 - 13:08 | 1879496 Phil Free
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.

Mon, 11/14/2011 - 10:19 | 1875347 I am more equal...
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"

Mon, 11/14/2011 - 10:21 | 1875351 monopoly
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. 

Mon, 11/14/2011 - 10:30 | 1875384 WonderDawg
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.

 

Mon, 11/14/2011 - 10:55 | 1875457 ratso
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.

 

Mon, 11/14/2011 - 10:34 | 1875399 Urban Roman
Urban Roman's picture

...

MDB is the new Hamy.

Mon, 11/14/2011 - 10:55 | 1875458 FEDbuster
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.

Mon, 11/14/2011 - 11:05 | 1875493 s2man
s2man's picture

Correct.  But more like 1,000 cities.

Mon, 11/14/2011 - 10:46 | 1875435 AE911Truth
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.

Mon, 11/14/2011 - 11:47 | 1875670 Hugh_Jorgan
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

 

Mon, 11/14/2011 - 11:39 | 1875627 forexskin
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....

Mon, 11/14/2011 - 12:28 | 1875817 Stuck on Zero
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?

Mon, 11/14/2011 - 12:30 | 1875826 common_sense
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 ????

Mon, 11/14/2011 - 13:08 | 1875947 Hugh_Jorgan
Hugh_Jorgan's picture

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

Mon, 11/14/2011 - 12:53 | 1875867 Pitchman
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

 

Mon, 11/14/2011 - 10:34 | 1875386 Momauguin Joe
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.

Mon, 11/14/2011 - 10:46 | 1875431 SWRichmond
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.

Mon, 11/14/2011 - 11:00 | 1875467 FEDbuster
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.

Mon, 11/14/2011 - 11:28 | 1875587 CaptA
CaptA's picture

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

Mon, 11/14/2011 - 14:02 | 1876097 FEDbuster
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

 

Mon, 11/14/2011 - 11:33 | 1875610 DaveyJones
DaveyJones's picture

the garden is a gun

Mon, 11/14/2011 - 12:03 | 1875745 CaptA
CaptA's picture

True that.

Mon, 11/14/2011 - 12:38 | 1875846 Phil Free
Phil Free's picture

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

Mon, 11/14/2011 - 13:49 | 1876081 FEDbuster
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.  

Mon, 11/14/2011 - 21:23 | 1877771 jerry_theking_lawler
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.

Mon, 11/14/2011 - 11:26 | 1875579 MachoMan
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...

Mon, 11/14/2011 - 11:39 | 1875633 DaveyJones
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.     

Mon, 11/14/2011 - 14:53 | 1876273 MachoMan
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.

Mon, 11/14/2011 - 16:08 | 1876648 DaveyJones
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.

Mon, 11/14/2011 - 16:50 | 1876888 MachoMan
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. 

Tue, 11/15/2011 - 10:38 | 1879003 SWRichmond
SWRichmond's picture

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

Mon, 11/14/2011 - 12:06 | 1875752 HoofHearted
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.

Mon, 11/14/2011 - 13:11 | 1875953 Hugh_Jorgan
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...

Mon, 11/14/2011 - 10:36 | 1875408 AE911Truth
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?

Mon, 11/14/2011 - 10:46 | 1875432 s2man
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.

Mon, 11/14/2011 - 10:46 | 1875433 Spastica Rex
Spastica Rex's picture

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

Mon, 11/14/2011 - 12:56 | 1875905 Pitchman
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

 

Mon, 11/14/2011 - 13:53 | 1876090 Phil Free
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.

Mon, 11/14/2011 - 09:53 | 1875273 DormRoom
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

Mon, 11/14/2011 - 10:04 | 1875303 Max Hunter
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..

Mon, 11/14/2011 - 10:25 | 1875366 steveo
steveo's picture

"We shall abolish the orgasm. Our neurologists are at work upon it now. There will be no loyalty, except loyalty towards the Party. There will be no love, except the love of Big Brother. There will be no laughter, except the laugh of triumph over a defeated enemy. There will be no art, no literature, no science. When we are omnipotent there will be no need of science. There will be no distinction between beauty and ugliness. There will be no curiosity, no enjoyment of the process of life. All competing pleasures will be destroyed. But always—do not forget this Winston—always there will be the intoxication of power, constantly increasing and constantly growing subtler. Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face—forever."

Mon, 11/14/2011 - 11:02 | 1875477 FEDbuster
FEDbuster's picture

1984 = game plan for the NWO.

Mon, 11/14/2011 - 11:42 | 1875650 DaveyJones
DaveyJones's picture

the 84 film adaption with willam hurt was brilliant.

Mon, 11/14/2011 - 11:04 | 1875461 i-dog
i-dog's picture

.

Mon, 11/14/2011 - 10:51 | 1875396 DormRoom
DormRoom's picture
1984 clip explaining the purpose of war/money printing

 

http://www.youtube.com/watch?v=7n4EDKUB9uo&feature=related

 

Constant money printing is like constant war.  It isn't about victory, but re-enforcing the structures & institutions in society, so Party (finance plutocracy) power is absolute.

 

rage against the dying of the light

#occupy wallstreety

Mon, 11/14/2011 - 10:52 | 1875450 Spastica Rex
Spastica Rex's picture

I graduated in the class of '84. Orwell was very popular among my group of freinds in high school. None of us at that time would have thought we would be where we are now.

Mon, 11/14/2011 - 09:54 | 1875282 aleph0
aleph0's picture

 

 

Must read on GOLD + FED MEMO 1975 via GATA :

http://www.gata.org/files/FedArthurBurnsOnGold-6-03-1975.pdf

 

Barbaric Relic my a** !

Mon, 11/14/2011 - 10:16 | 1875336 EL INDIO
EL INDIO's picture

Dude don't waste your time with GATA.

The futures markets are all a fraud, it's as simple as that.

No need to read about gold swaps, Fed shit, whistle blower shit ...

The future markets are a fraud not just for gold but for all commodities.

 

Mon, 11/14/2011 - 10:47 | 1875436 aleph0
aleph0's picture

 

** ALL FRAUD **

I agree 100% ...

 

But this Memo was in Direct Contradiction to Bernanke's "BARBARIC RELIC" statement..... which I why I thought it was worth posting.

 FWIW

Mon, 11/14/2011 - 09:55 | 1875284 Seasmoke
Seasmoke's picture

the moral hazard......its all hank paulsons fault, how is he still living in luxury ?

Mon, 11/14/2011 - 09:58 | 1875286 SheepDog-One
SheepDog-One's picture

Storm trooper riot cops pre-staged in US and European city streets, just how they wanted it for whats next.

Mon, 11/14/2011 - 09:59 | 1875288 Just Observing
Just Observing's picture

Yep....gonna get another cord of firewood cut today.  All I can do is handle my little corner of the world.

Mon, 11/14/2011 - 10:11 | 1875320 jdrose1985
jdrose1985's picture

Exactly. The world goes on. Ignorance is not a prerequisite to peace and happiness. The whiners are discounting the value of the present in favor of the worthlessness of a future which may never arrive, death may knock at any moment.

Mon, 11/14/2011 - 10:16 | 1875333 TheAnarchist
TheAnarchist's picture

It's a good day to die... Just like any other.

Mon, 11/14/2011 - 16:57 | 1876160 FEDbuster
FEDbuster's picture

Will you go out with a whimper or a bang?  Live life with a purpose, and die with a purpose, try to have a meaningful life.

Mon, 11/14/2011 - 09:59 | 1875289 bernorange
bernorange's picture

We're just waiting for one of the black swans in the pool to come to shore.

Mon, 11/14/2011 - 10:20 | 1875349 EL INDIO
EL INDIO's picture

This time, it looks like we have a flock inbound !

Mon, 11/14/2011 - 10:21 | 1875352 mayhem_korner
mayhem_korner's picture

We're just waiting for one of the black swans in the pool to come to shore.

 

The black swan you're waiting for is under your feet...it is the shore that we think is solid ground.

Mon, 11/14/2011 - 11:07 | 1875495 RealFinney
RealFinney's picture

That bit made me think of some zoologists talking about catching wild geese

"You get in some boats and join them on the water, then you very slowly start boxing them into one area of the lake until they are all clustered up against the bank. They don't like the land -they're much safer in the water- but eventually one of the will get the idea to climb up out the water and immediately all the rest will join him."

Mon, 11/14/2011 - 10:01 | 1875296 PaperBear
PaperBear's picture

I just watched Warren Buffett on CNBC and I thought he said "With Credit Default Swaps you are creating your own reality".

Should I take this to mean someone with enough fiat paper currency can trash the market for a particular debt instrument ?

Mon, 11/14/2011 - 10:02 | 1875297 Mr Pink
Mr Pink's picture

I think i better just save my poptart for another day. I've lost my appetite anyway.

Mon, 11/14/2011 - 10:05 | 1875299 vegas
vegas's picture

The difference this time around vs. other business cylces in the past is the fact that President Goldman Sachs is actively promoting the destruction of the U.S. In the past, we never had a Prez who was a socialist pursuing fascist policies, all the while actively promoting crony capitalism.

As to the other premise, as Margaret Thatcher said, "The problem with socialism is that sooner or later you run out of other peoples money." Well, the world has hit "sooner".

Take the two and mix them together, and you have the proverbial death cocktail for the global economy.

For you morons out there that voted for these tools, how's that hopey changy shit workin' out for you?

 

http://vegasxau.blogspot.com

Mon, 11/14/2011 - 10:11 | 1875319 jdelano
jdelano's picture

This is really the problem--everything is so confused, conflated, and fucked up right now...it's Venture Social-cronyism, such a mess nobody, not even Goldman, has any idea who's side they're really on or what outcome to push for.  When all factions and idealogies worship the same thing--money--above any set of principles, everything is too correlated, screwing over the "enemy" is screwing over your own ambitions.  There it is--there's nobody left to screw.  The cow has been milked to death.   

Mon, 11/14/2011 - 11:17 | 1875514 i-dog
i-dog's picture

They're not chasing money ... they're consolidating power. Money is about to disappear (they're siphoning it out of 'the system' ... day by day, billions by billions).

Unless you are in the ruling elite, all you'll be left with is debt and/or government handouts and/or [illegal] black-market barter.

Wake up, you fuckers, and ... SECEDE NOW!!

Mon, 11/14/2011 - 13:32 | 1876025 Cugel
Cugel's picture

Jesus -- you think things would have been better under McCain? We've ALWAYS had socialist presidents pursuing fascist policies through crony capitalism, at least since Wilson.

The difference this time is that all of the accumulated rot can no longer be hidden under the countercyclical wallpaper.

Mon, 11/14/2011 - 10:04 | 1875300 Mr Pink
Mr Pink's picture

Sounds like MF Global might not be the only turd in the punchbowl. We're fucked !

Mon, 11/14/2011 - 10:17 | 1875342 Caviar Emptor
Caviar Emptor's picture

I said it here last week. It's not even just the fraud part that's bad. It's the realization that this is going to be a repeat of the 08 fiasco with over-levered ibanks. Only this time it's levered comodity brokers. Just as Glass-Steagle's repeal in 98 led to the wild casino ride that crashed, in 04 a rule was repealed which allowed commodities brokers to sweep client funds over margin into rskier assets. THis is how MF and soon others got hit and why the money "disapeared" 

Mon, 11/14/2011 - 10:25 | 1875367 mayhem_korner
mayhem_korner's picture

 

 

Agreed.  Client of mine worked with MF Global.  Five days after the meltdown hit the media, their MF rep was calling them from another broker - wanted to transfer the account and keep on movin'.  When they asked me my thoughts, I asked "This guy was in the front office of a firm that observed no governance and effectively laundered money from supposedly separated accounts to other places within their sinking ship.  How much due diligence did his new employer perform on him...and how much should his new employer have done?"  It smacks of contagion to me.

Mon, 11/14/2011 - 10:07 | 1875309 jdrose1985
jdrose1985's picture

So is it really a collapse?

Every time I look outside of my own situation, it looks like the system is operating as designed.

Whoever writes articles like this is weak minded and pathetic, not to mention naive. As long as the top can continue extracting your energy and attention to their advantage and profit, the descent will be fully imperceptible.

Mon, 11/14/2011 - 10:19 | 1875346 Caviar Emptor
Caviar Emptor's picture

Imperceptible only to those who ignore the smell of burning flesh and obey orders to keep heiling

Mon, 11/14/2011 - 10:39 | 1875414 SheepDog-One
SheepDog-One's picture

The Matrix has no perceived glitches when he looks out his window, everything apparently working 'fine', ignorance is bliss to guys like this.

Mon, 11/14/2011 - 11:02 | 1875478 Spastica Rex
Spastica Rex's picture

There is some truth to what he says, though. In the community I live in, most everybody is employed, housing is being built, expensive cars are being bought. Of course if one looks closer, it is impossible to get a job if you don't have one, there are many abandoned homes, and who knows how the cars are being "paid" for.

Those who "have" at this point have little incentive to look for glitches in the Matrix.

Mon, 11/14/2011 - 11:21 | 1875558 i-dog
i-dog's picture

They'll find out soon enough (about 11 months is my guess).

Mon, 11/14/2011 - 11:19 | 1875546 jdrose1985
jdrose1985's picture

Nonsense. I chose to put myself in a position whereby the glitch provides a constant stream of currency while you fools continue to kick around the same stale comments on internet chat logs for years on end.

Mon, 11/14/2011 - 11:26 | 1875580 Calmyourself
Calmyourself's picture

Ahhh, bankruptcy lawyer..

Mon, 11/14/2011 - 14:15 | 1876147 Cugel
Cugel's picture

Possibly a gym teacher?

Mon, 11/14/2011 - 11:35 | 1875619 Spastica Rex
Spastica Rex's picture

I guess don't understand why you even bother to read ZH, let alone waste your time posting comments.

Mon, 11/14/2011 - 11:54 | 1875706 jdrose1985
jdrose1985's picture

For the cheap entertainment. Been a faithful reader since the very beginning.

Bankruptcy lawyer? You are all bankrupts by virtue of the 80+ year ongoing Chapter 11 of the corporation you all choose to claim citizenship of under penalty of perjury. There's the most truthful thing you'll read this day.

Mon, 11/14/2011 - 12:46 | 1875876 BigJim
BigJim's picture

...I chose to put myself in a position whereby the glitch provides a constant stream of currency...

Do tell - we're all ears out here.

Mon, 11/14/2011 - 13:49 | 1876080 jdrose1985
jdrose1985's picture

Public ears, not private.

Mon, 11/14/2011 - 10:09 | 1875314 eddiebe
eddiebe's picture

Same shit same shovel

Mon, 11/14/2011 - 12:28 | 1875816 TheMerryPrankster
TheMerryPrankster's picture

different day....

Mon, 11/14/2011 - 10:13 | 1875327 ziggy59
ziggy59's picture

screw the poptart...CFD....Controlled Finacial Demolition   its wats for breakfast!

 

..and lunch, dinner, and late night munchies..

Mon, 11/14/2011 - 10:16 | 1875334 pelican
pelican's picture

-removed

Mon, 11/14/2011 - 10:22 | 1875357 Tuffmug
Tuffmug's picture

It's ugly out there when you forget to wear your Fed prescribed rose colored hopium goggles.

Mon, 11/14/2011 - 10:23 | 1875360 spanish inquisition
spanish inquisition's picture

Did MF Global go under too soon? Are all primary dealers going to go under while stealing client money? Or is it a simple explanation of all primary dealers experiencing massive corrolated inventory drift or is all the money stuck in Apples Icloud.

I can't seem to get the theme song out of my head and I am guessing I am not the star, but the mark. http://www.imdb.com/title/tt0070735/

Mon, 11/14/2011 - 10:23 | 1875361 Snakeeyes
Snakeeyes's picture

Merkel Calls For “New Europe” – European Sovereign Yields Exhibit Enormous Variation

http://confoundedinterest.wordpress.com

I want to see Angela pull a rabbit out of her hat. Or Kaninchen. But I think that the rabbit is dead and has been eaten already.

Mon, 11/14/2011 - 10:24 | 1875363 monopoly
monopoly's picture

And a sell rating on GRPN and no puts available yet. Tough to find shares to short. 

Mon, 11/14/2011 - 10:37 | 1875406 bill1102inf
bill1102inf's picture

Post a craigslist ad in M4TV and you might find some

Why would you short a low float, $23 stock? Haven't you been paying attention?

Mon, 11/14/2011 - 10:25 | 1875365 Oswald Spengler
Oswald Spengler's picture

The debt should be repudiated but when everyone is on the dole no one wants to end the party. Brilliant politics wouldn't you say?

Mon, 11/14/2011 - 10:30 | 1875383 earnulf
earnulf's picture

I am reminded of the adage "the market can stay irrational longer than you can stay liquid".     Best to be prepared for whatever SHTF and what you will do to protect your family and yourself for the next year or so without modern conviences.      You think 9 to 5 is rough, wait till it's sunup to sundown again

Mon, 11/14/2011 - 10:42 | 1875422 s2man
s2man's picture

Go long physical everything.

Mon, 11/14/2011 - 10:37 | 1875412 View From Germany
View From Germany's picture

Also you might be interested in "The Iron Heel" by Jack London - contrary to Orwell he describes the future as a semi-fascist corporate Oligarchy (minus Ideology) - in my view exactly what is in the making.

http://www.jacklondons.net/writings/IronHeel/toc.html

 

 

Mon, 11/14/2011 - 10:42 | 1875421 marcusfenix
marcusfenix's picture

I can't believe so many people, even some here on ZH, are still arguing oval office politics. Obama doesn't mean shit to the PTB's in the grand scheme of things and no he is not a liberal, not a socialist or any of those other labels fox news loves to tag him with. he is a NWO globalist wannabe, a teleprompter hoping to get an invite to join the club if he just can prove himself worthy during his time in the spotlight.  it's just that simple, he is the same as the last prez was and the next one will be, just different packaging. so the more you pay attention to the Obama love/hate propaganda fest the more the PTB's see it as "mission accomplished".

as Douglas Adams wrote " the purpose of the president is not to wield power, but to draw attention away from it"

besides you know when the time comes and the plug is pulled " we the people " will be hung out to dry and left on our own...the PTB's have had god only knows how long to prep for this, and they do not give a shit what happens to the rest of us.

Mon, 11/14/2011 - 11:05 | 1875490 Spastica Rex
Spastica Rex's picture

Doubleplusgood post.

Mon, 11/14/2011 - 10:49 | 1875442 steadysteve
steadysteve's picture

As long as there is "confidence" in the system, they can keep the game going. I've decided to opt out and exchange any fiat I recieve for some sort of hard goods ASAP. The corporate wonks still believe that we will have a wonderful holiday season to get retail back on it's feet. While people on the sales floor tell me that many customers have already completed their purchases for the season. And this is at the upper end (Saks, Niemans, etc.) Black Friday may not be so good. My group is nearly complete with preps and waiting to bug out.

Mon, 11/14/2011 - 10:53 | 1875453 Ubiscious
Ubiscious's picture

We in the movement can hear you. We are reading and watching. We are thankful for Zerohedge and all of its effort. Our biggest battle is yet to come, or perhaps it has already begun. Public opinion will be their weapons of mass dissemination. This in the end is inevitable though, all bubbles must pop, and gravity must bring back to the ground that which has been stuck up in the clouds. A soft landing would be a disservice. The abuses of this time must be seared into our minds to stick forevermore. If this is not the case, then the "business cycle" or in other words, the "Rigged fractional banking game", will just keep chugging right along. No, we must rid ourselves of the system altogether. We must abolish and no longer recognize the impotent and currupted beyond repair centralized government. We must convince the states it is time to secede and print our own currencies until the dust clears. This is serious, this is more than a movement.

Revolution=Evolution

http://www.smashwords.com/books/view/94223

Mon, 11/14/2011 - 11:05 | 1875491 OutLookingIn
OutLookingIn's picture

Slow motion train wreck for the past three years.

Some news today - three yaers ago would be viewed as catastrophic! Today - not so much.

Just more of the same crisis - only worse. Ho- Hum!

The end of an era and the beginning of a new epoch. Historic.

http://comment.rsablogs.org.uk/2010/06/28/rsa-animate-crisis-capitalism/

Mon, 11/14/2011 - 11:10 | 1875511 fbrothers
fbrothers's picture

Great article, it seems to me everyone is pretneding that the boat is not leaking. As leonard Cohen says.

Mon, 11/14/2011 - 11:16 | 1875529 BandGap
BandGap's picture

There has to be just enough "normalcy" to point to in order to keep the masses in check.

Many people still have the attitude that once the worst is over we'll return to "normal".

Mon, 11/14/2011 - 11:22 | 1875562 Antifaschistische
Antifaschistische's picture

RE:  Trade Wars   (Smoot–Hawley3)

Country X (Germany for example) will finally agree to buy Country Y debt if Country Y will agree to further curb Country Z (Japanese for example) auto imports and create a more favorable climates for Country X auto imports.

Rinse/Repeat over and over and over, just change the variables.  The chain reaction will quickly spread to Asia and the US.

Mon, 11/14/2011 - 11:27 | 1875582 yogibear
yogibear's picture

You would think exporting countries would get tired of financing Ben Bernanke and the Federal Reserve.  At some time it should be pay-back. Refusal to buy US treasuries and a real ramp in commodities should cause the US consumer to curtail spending.

Not to mention all those under-funded public pensions governaments will need to pay for. Expect continued tax and fee increases to hit the consumer on the other side.

 

Mon, 11/14/2011 - 11:32 | 1875607 RSDallas
RSDallas's picture

This is Brandon Smith's (The author of this piece) resume of qualifications:

My Alt-Market Resume!

Alt-Market Resume For: Brandon Smith

Location: Pittsburgh, PA Barter Network

Items For Trade:

Silver, Ammunition, Potassium Iodide Pills, Water Filtration

Skills For Trade:

5 years construction and concrete finishing experience.

24 years of Martial Arts experience: Shotokan Karate, Okinawan Goju Ryu, Kajukenbo, Taekwondo, Hapkido, Thai Kickboxing. Have teaching experience and will train others for trade.

Long distance rifle marksman. Pistol training. Willing to work as security.

Gardening knowledge.

Years of writing experience. Will write for silver!

Items Wanted:

Silver, Solar Panels, Rechargeable Batteries, NBC Filters For Israeli Gas Mask, Rifles In .308 Or .50 cal., Rice and Wheat, many other goods…

 

Now people, Please tell me how this guy can be called an analyst and taken seriously.  It appears to me that this guy is a phony.  There is no doubt that we are facing some challenging times, but it appears to me that this guy is an uneducated scam artist sensationalist.  "Gardening Knowledge".  Give me a break.

Mon, 11/14/2011 - 11:56 | 1875712 weinerdog43
weinerdog43's picture

Ask anyone who has ever tried to grow something from seed to fruit, and then scoff.  Just getting some stupid tomatoes to reliably set fruit can be an exercise in total frustration.  (Like this year.) 

Those people who know how to can vegatables are heads and tails ahead of those who don't in the food chain dept. 

Mon, 11/14/2011 - 12:22 | 1875790 pods
pods's picture

So would you rather have a Harvard pedigree on him?

Larry Summers is a Harvard guy.

pods

Mon, 11/14/2011 - 11:32 | 1875608 RSDallas
RSDallas's picture

This is Brandon Smith's (The author of this piece) resume of qualifications:

My Alt-Market Resume!

Alt-Market Resume For: Brandon Smith

Location: Pittsburgh, PA Barter Network

Items For Trade:

Silver, Ammunition, Potassium Iodide Pills, Water Filtration

Skills For Trade:

5 years construction and concrete finishing experience.

24 years of Martial Arts experience: Shotokan Karate, Okinawan Goju Ryu, Kajukenbo, Taekwondo, Hapkido, Thai Kickboxing. Have teaching experience and will train others for trade.

Long distance rifle marksman. Pistol training. Willing to work as security.

Gardening knowledge.

Years of writing experience. Will write for silver!

Items Wanted:

Silver, Solar Panels, Rechargeable Batteries, NBC Filters For Israeli Gas Mask, Rifles In .308 Or .50 cal., Rice and Wheat, many other goods…

 

Now people, Please tell me how this guy can be called an analyst and taken seriously.  It appears to me that this guy is a phony.  There is no doubt that we are facing some challenging times, but it appears to me that this guy is an uneducated scam artist sensationalist.  "Gardening Knowledge".  Give me a break.

Mon, 11/14/2011 - 12:03 | 1875742 flattrader
flattrader's picture

This "guest contribution" is clickbait.  Unfortunately, we seem to be getting more of this.

Real analysis of the original kind (like Reggie does) is hard to comeby.

The Tylers have to keep the eyeballs busy.

Mon, 11/14/2011 - 12:24 | 1875799 mayhem_korner
mayhem_korner's picture

 

 

Irrelevant.  Do you agree with him or not, or have anything to say about his thoughts/points?  If not, don't waste space with your arbitrary handicapping.  I think you'd be surprised at the "qualifications" of the collection here. 

I have yet to see a common denominator in one's resume that predicts his or her ability to be insightful.

Mon, 11/14/2011 - 13:30 | 1876021 RSDallas
RSDallas's picture

No I do not agree with him on the basis of fear and total collapse, everything is going to crash down and we are all going to loose everything and the world is going to blow up and burn and we are going to have to grow our own food and distill our own water and barter for goods.  There is a higher probability that we would experience this from a natural disaster versus a complete collapse of the economic system.  We are more apt to muddle along in slow motion than to crumble over night.

What I agree with is that there are trillions of dollars of bad, mal-invested debt in ours and the worlds system and that it is time for a portion of that to be expunged from the system.  Please note that I didn't say all of it, just a large portion of it so that the market forces will come out of hiding.  This scenario will eventually prevail in the United States, despite what the banksters and investors in the bad debt have to say.  We will eventually get back to a more manageable government within throughout the next 3 election cycles.  You see, I am of the minority that believe that "we the people" do ultimately have the last say. Throughout history it has often come late, but we do have the ultimate say.

This isn't just a financial/banking problem.  Our leaders have done a great job in dressing it up as one.  This is as much of a socialist/communist/anarchist grab for power than anything else.  This has been occurring since our great Nation was formed.  Don't forget where the people that formed our great Nation came from.  They have been trying to influence us since our Nation was formed.

I would bet the farm that if our existing (or at least 75%) leaders in the house and senate & president were to be voted out of office and replaced with a group of constituents that believed in putting "the people" and "the peoples freedoms" first that our economy, despite it's structural flaws, would flourish again. 

Mon, 11/14/2011 - 14:18 | 1876157 mayhem_korner
mayhem_korner's picture

There is a higher probability that we would experience this from a natural disaster versus a complete collapse of the economic system.

 

The world has withstood countless natural disasters - not without a price - but those have not resulted in a fundamental societal reset.  The ongoing economic collapse will be far more of a dislocation because so many do not see what is happening (apparently you don't either).

Good luck sending fresh faces into the same, corrupt system and expecting things will get better.

Mon, 11/14/2011 - 15:27 | 1876438 RSDallas
RSDallas's picture

Listen, I agree it currently sucks and it could get worse.  I just don't think it will be apocalyptic like this guy and some others do.  No doubt, we have a lot of pain in front of us.

Mon, 11/14/2011 - 11:52 | 1875690 r101958
r101958's picture

"The situation is so bad in the EU, that some, including German Chancellor Angela Merkel, want to end the current EU charter by 2012, and either shrink the number of members drastically, or restructure the agreement to allow more centralized control of member nations and their political policies:

What this means, essentially, is that there will not be a “collapse” of the EU in the traditional sense but, as we discussed here at Alt-Market last year, there will be enough chaos to frighten still sovereign minded Europeans into giving up certain economic and social powers and freedoms. A new EU will form, on the argument that it was “state sovereignty” and a lack of cooperation that caused the crisis to begin with.

This is total nonsense of course. Central banking policies and insane Keynesian borrow and spend strategies around the world are what caused this nightmare, some would say by design (including myself)."

Exactly. The GS 'Mario Brothers' have now been set up as the first two pawns. Don't need that many more before a centrally governed EU can be initiated/installed.

As I posted the other day:

r101958
Wed, 11/09/2011 - 13:23

(a few edits included)

The other, perhaps planned, goal of all this is to make the entire situation so bad that all involved are begging for a coherent answer. This is when the EU will 'suddenly' realize that they can not make the Union work while there are so many different governments and budgets all working in opposite directions. Just when everybody is about ready to jump off the Tower of Pisa they will announce a 'new' plan to combine all governments and all fiscal houses into one 'government'. A ruling council will be created (hand picked) that will be filled by perhaps 2 reps from each country (or by a number that represents population/GDP of each country). The council will be chaired by a member (most likely German) of the council that was selected by the rest of the council. So, there you have it; the Germans or somebody from Germany will govern Europe without a shot being fired. The plan all along.

Mon, 11/14/2011 - 11:52 | 1875693 AldoHux_IV
AldoHux_IV's picture

An Asian union will only result in a bigger disaster for Asia in the future, much like the maligned unions that exist today 'trade benefits' only act as cover for the underlying truth: unions exist so that one nation can have sovereignty over others in the form of debt.  It is newest form of invasions society has yet to appreciate.

 

Mon, 11/14/2011 - 11:54 | 1875704 LookingWithAmazement
LookingWithAmazement's picture

US and Japan economy grow. No crisis, collapse, meltdown, Armageddon.

Mon, 11/14/2011 - 12:34 | 1875837 TheMerryPrankster
TheMerryPrankster's picture

Where do they get the cheap petroleum for growth from? the Petroleum Fairy?

Mon, 11/14/2011 - 12:09 | 1875758 Shizzmoney
Shizzmoney's picture

Look at this GI JOE 15+ years ago, dont tell me this shit aint preplanned:

Cobra Economic Recovery Plan

GI JOE: http://www.youtube.com/watch?v=AeGTV6fvgaM

 

Mon, 11/14/2011 - 13:22 | 1875975 Phil Free
Phil Free's picture

Uncanny.  27 years ago, to be exact.  Originally aired Oct. 14, 1985.  http://www.imdb.com/title/tt0763946/  Who would have thought??

Mon, 11/14/2011 - 12:20 | 1875781 bombimbom
bombimbom's picture

http://www.businessweek.com/news/2011-11-14/merkel-seeks-political-union...

“The task of our generation now is to complete the economic and currency union in Europe and, step by step, create a political union,” Merkel said. “It’s time for a breakthrough to a new Europe.”

 

Mon, 11/14/2011 - 12:34 | 1875835 Nobody For President
Nobody For President's picture

Gee, what a happy bunch of campers here at ZH this morning...

Even if the credentials of the writer of this piece are suspect, he has done a fair amount of homework and got the crew firing away this morning. In fact, a headline scan of this morning's financial news (I use FinViz News) is showing a particularly gloomy Monday, considering Greece and Italy's government got all straightned out this weekend by replacing bad politicians with good technocrats. That worked well for all of 12 hours, until the bond market fired up.

And my damn poptart burned.

 

Mon, 11/14/2011 - 12:48 | 1875883 TheMerryPrankster
TheMerryPrankster's picture

Group psychology does exist. There are definite feelings or sensibilities about different periods or ages or decades that we live thru, some of it is typified by the economic mood of that period, but even this economic mood is subject  to psychology or animal spirits.

The question then is what influences or causes this change in pyschology, this manifestation of animal spirits? Since it is extremely wide spread, it is not likely to be local stimuli, like food or water or community. One theory holds that we are constantly bathed in high energy particles from space and the sun and these particles affect our brains at a very basic level influencing our moods and thinking.

When negative moods occur and financial systems are honest and fair and other factors are balanced like trade and currency, we experience a slight downturn, a recession, which bounces back quickly, When negative moods occur during periods of widespread fraud, ponzi schemes and worthless money, people realize the situation is dire and economic collapses occur.

my Poptart was stolen, after I gave half of it to the government as required by law.

Mon, 11/14/2011 - 12:46 | 1875871 Pitchman
Pitchman's picture

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

 

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

Mon, 11/14/2011 - 14:27 | 1876036 Phil Free
Phil Free's picture

Ouch.  Although it may be possible you are uttering words of truth, your screaming-at-loud-volume of the first four paragraphs gives your entire text a schizophrenic flavor that pretty much invalidates your message.

 

That, and the link-whoring.  All to your own blog.  I mean, come on.  5 different links, in a single post?  Along with copy-pasting most of this exact text (screaming included) -- including all the same links-to-blog -- in another message, in this same thread!?!?

Obvious is as obvious does.

Mon, 11/14/2011 - 13:25 | 1875991 michael_engineer
michael_engineer's picture

I would like to see the discussion presented at the below website listed as a guest post on ZH to see what the commentary looks like in response to widespread exposure to the readers here.

http://www.zerohedge.com/news/observations-engineer

Can we get a green arrow red arrow opinion about doing that?

Thanks

Mon, 11/14/2011 - 21:07 | 1876205 FreshMind
FreshMind's picture

Ok so my greatest question for all of this is: Can the PTB who are looking to convert us over to a one world government stop the wrath of our current financial situation in the US and around the world? I am picturing complete societal breakdown when this occurs; will this somehow be prevented if the sheeple do not wake up? I've almost stopped striving for my life goals as a business owner because of all this and put all of my energy toward preparations. I'm not someone who sits around waiting for someone to tell me what to do next but this is something I could use some guidance on ZH.

Any insight would indeed sustain my current sanity.

Tue, 11/15/2011 - 00:21 | 1878204 rdlem
rdlem's picture

This article made a lot of sense to me on this question. A simple idea made much more sense to me after reading it. It's not a groundbreaking idea, just put in a way that made it more clear to me that the answer is Self-sufficiency.

http://landdestroyer.blogspot.com/2011/03/globalists-worst-nightmare.html

 

"While people understand something is wrong and recognize the necessity to do "something," figuring out what that "something" should be becomes incredibly difficult when so few understand how power really works and how to strip it away from the oligarchs that have criminally consolidated it."

......

"The answer of course is self-sufficiency. Self-sufficiency as a nation, as a province, as a community and as a household. This concept is enshrined in the Thai King's "New Theory" or "self-sufficiency economy" and mirrors similar efforts found throughout the world to break the back of the oppression and exploitation that results from dependence on the globalist system.

The foundation of the self-sufficiency economy is simply growing your own garden and providing yourself with your own food. This is portrayed on the back right-hand side of every 1,000 baht Thai banknote as a picture of a woman tending her garden. The next step is producing surplus that can be traded for income, which in turn can be used to purchase technology to further enhance your ability to sustain yourself and improve your life-style."

........

"By moving to the city, people give up private property, cease pursuing productive occupations, and end up being folded into a consumerist paradigm. Within such a paradigm, problems like overpopulation, pollution, crime, and economic crises can only be handled by a centralized government and generally yield political solutions such as quotas, taxes, micromanagement, and regulations rather than meaningful technical solutions.

Also, such problems inevitably lead to a centralized government increasing its own power, always at the expense of the people and their freedom. The effects of economic catastrophe are also greater in a centralized, interdependent society, where everyone is subject to the overall health of the economy for even simple necessities like food, water, and electricity."

 

Preparing is the right track I'd stay on it. I have found great comfort is this plan of action.

 

 

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