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Guest Post: Has The Perfect Moment To Kill The Dollar Arrived?

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Submitted by Brandon Smith from Alt-Market

Has The Perfect Moment To Kill The Dollar Arrived?

The idea of “collapse”, social and financial, comes with an incredible array of hypothetical consequences ranging from public dissent and martial law, to the complete disintegration of infrastructure and the devolution of mankind into a swarm of mindless arm chewing cannibals.  In an age of television nirvana and cinema overload, I have found that the collective unconscious of our culture has now defined what collapse is based only on the most narrow of extremes.  If they aren’t being hunted down by machete wielding looters or swastika wearing jackboots, then the average American dupe figures that the country is not in much danger.  Hollywood fantasy has blinded us to the tangible crises at our doorstep.

The reality is that collapse is not a singular event, but a process.  It is a symphony of doom, composed of a series of exponentially more powerful crescendos.  If the past four years since the implosion of the derivatives bubble have proven anything, it is that catastrophe has the ability to drown a nation slowly like a river of molasses, rather than sweep it away like a flash flood.  That said, almost every recorded collapse of modern societies in the past century has been preceded by a primary trigger event; a moment in which the mathematical certainty of failure becomes clear, even if the psychological certainty is muddled. 

In 2012, we still await that trigger event, which I believe will be the announcement of QE3 (or any unlimited stimulus program regardless of title), and the final debasement of the dollar.  At the beginning of this year, I pointed out that we were likely to see such an announcement before 2012 was out, and it would seem that the private Federal Reserve is right on track.

Last month, the Fed announced that it was formulating a plan to “expand its tool kit”.  This includes an openly admitted possibility of a third round of quantitative easing starting as early as September:

http://www.reuters.com/article/2012/07/24/us-usa-fed-tools-idUSBRE86N1G120120724

This timeline appears to coincide perfectly with the breakdown of the EU, which may also see a climax event in September.  In that month, EU policymakers will return from summer holiday.  German courts will make a ruling which could put an end to any chance that the country will support a eurozone rescue fund.  The Dutch, which are anti-bailout, will vote in elections.  Greece will be attempting to renegotiate its financial lifeline.  And, the ECB will have to assess the impending chaos in Spain and Italy:

http://www.reuters.com/article/2012/07/29/us-eurozone-crisis-idUSBRE86S05J20120729

As far as the Fed’s ability to remedy the fiscal situation goes, let’s clear something up right here; the Fed has NO TOOLKIT.  Sorry, but central banks have only two options when attempting to shift the tide of the economy:  They can lower interest rates to zero, and, they can print-print-print.  That is it.  We’ve had TARP, numerous bailouts, QE1 and QE2, Operation Twist, and interests rates have been kept near zero for years!  These so called solutions have been strapped like millstones around our necks and absolutely nothing has been accomplished since 2008. 

Real unemployment still stands at over 20%.  The housing crisis remains an unstoppable juggernaut.  Europe is on the verge of meltdown (despite the trillions in American taxpayer dollars handed to EU banks).  The national debt continues to grow at a pace far beyond what the Obama Administration and mainstream economists (who should have been fired long ago) predicted in 2010.  There are no secret magic tricks up the sleeve of Ben Bernanke.  Even if the Fed actually wanted to save our financial system, and our currency (which they don’t), there is nothing they can do except make the situation worse.  Central banks are perhaps the most useless institutions ever devised, unless, of course, their true purpose is to diminish the financial health of a country and siphon away its economic sovereignty…

Enter the death of the dollar.

The IMF has been consistently calling for the end of the dollar as the world’s reserve currency, and for its replacement by the SDR (Special Drawing Rights):

http://money.cnn.com/2011/02/10/markets/dollar/index.htm

http://www.imf.org/external/np/pp/eng/2011/010711.pdf

The new president of France, Francois Hollande, has recommended the expulsion of the dollar as the go-to reserve, a deeper relationship between France and the BRIC nations:

http://www.atimes.com/atimes/Global_Economy/NE08Dj06.html

China has been demanding an end to dollar primacy for years:

http://online.wsj.com/article/SB123780272456212885.html

And so has Russia…

http://news.xinhuanet.com/english/2009-04/01/content_11109506.htm

And so has the UN…

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

It’s not as if it’s a big secret that the dollar is on everyone’s hit list.  Until recently, alternative economists could only point out circumstantial evidence that this sentiment was a product of collusion between the world’s central banks and elements of various governments.  Suggesting that China, Russia, the UN, the IMF, and the Federal Reserve were working in tandem to devalue the dollar and replace it with a global currency has always elicited at least a few jeers and the ever present standby catch-all accusation of “conspiracy theory”.  However, the times they are a’ changen’…

With the exposure of the Libor Scandal, we now have definitive proof and even open confessions from international banks, the Federal Reserve, and the Treasury, admitting that the true debt problems of major institutions have been hidden, deliberately, in tandem with multiple agencies in multiple countries, from the general public, with the full knowledge of numerous governments.  The most vital and shocking element of the Libor Scandal is that it shows, beyond a shadow of a doubt, that there is indeed a conspiracy which has melded the corporate world and the political world into a single ominous creature.

The collusion has become so brazen, central banks around the globe now institute policy initiatives within the same hour of each other:

http://www.reuters.com/article/2012/07/05/us-centralbanks-action-idUSBRE8640RN20120705

Years back, I wrote an article about the most important signs to watch for when facing a heightened state of collapse.  One of those signs was the advent of openly admitted corruption on the part of the banks.  When criminals become absolutely transparent and nonchalant about their criminality, it is usually because they no longer fear the threat of justice or reprisal.  This is exactly the atmosphere we have in 2012.  But, what could possibly have made the banksters so confident that they are willing to flaunt their racket to the world?  I can only surmise that an event is on the horizon.  One so distracting that the hucksters believe we will forget all about them. 

Looking at it from another perspective; if I was a globalist hell bent on undercutting the dollar as the world reserve and replacing it with a centralized standard while turning the U.S. into a third world pit in the process, I would probably pull the plug soon.  Here are some reasons why:

Drought Crisis Provides Inflationary Cover

The drought which has struck half of the U.S. agricultural centers and which has also hit Russian production is the perfect cover event for dollar devaluation.  The full view of crop production and yields will be revealed this autumn, and according to the mainstream, the numbers will be dismal.  Maybe they will be, maybe they won’t, but the likelihood of inflation in food prices all over the planet is high.  If the Fed announces QE3 and sets an implosion of the dollar in motion, the price spikes this will cause in commodities, especially grains and other foodstuffs, can be easily blamed on drought, rather than the destruction of the greenback.  At least for a time.

Syria And Iran Theater

If the UN pulls observers from Syria, expect an attack by either the U.S., Israel, or both is on the way.  Expect Russia to be quite unhappy.  Expect China to respond with financial warfare.  Expect Iran to fulfill its mutual defense pact with Syria and come to their aid.  Expect hard core catastrophe.  I have been warning about Syria as a catalyst for global crisis for quite some time.  Long before anyone ever heard the name “Assad”:

http://www.alt-market.com/neithercorp/press/2010/01/will-globalists-trigger-yet-another-world-war/

Every time I catch a glimpse of the MSM, whether it be MSNBC, CNN, or FOX, they are all spewing the same rhetoric:  The U.S. should have invaded Syria months ago.  It would seem that the American people are being psychologically prepped for a new war, but in reality, they are being prepped to be distracted from the banking sector’s primacy in the economic calamity that is about to unfold.     

European Seesaw Of Destruction

With the EU in shambles, and only getting worse, the ECB has been attempting to work around the rules of its own charter which forbid the infusion of capital directly into governments.  The latest weapon in the fight against the financial stupidity of EU member countries?  European stimulus!  That’s right folks, the U.S. is not the only country that will be raping its own currency this year!  Be sure to catch the euro-sized version of QE:

http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/03/maybe-draghis-speech-wasnt-a-disaster-after-all/

http://www.bloomberg.com/news/2012-06-01/berlusconi-says-ecb-must-print-euros-or-italy-may-say-ciao-1-.html

I believe, in keeping with the collusion central banks have already shown, that the Federal Reserve and the ECB will announce new stimulus measures very close to each other, if not in tandem.  The continued devaluation of the Euro will help to hide the effect of the falling dollar as the two currencies seesaw back and forth, allowing for a delayed reaction from the public as well as investment markets.  Investors looking for a safe haven currency will be scrambling in confusion.

Stocks Ready To Bust

Finally, it is very likely that the Fed will wait for markets to dive in the wake of faltering demand for goods and raw materials in all major economies, as well as declines in manufacturing.  As I have said in the past, the Fed wants us to beg for QE3.  The only reason this decline has not occurred yet is because investors that are still participating are salivating for new stimulus and expect it shower them with riches soon.  So, to put this in perspective, the Dow is above 13,000 right now because investors have already priced in a QE package not just in the U.S., but in the EU as well.  If they do not get it fast, they will pull out, and stocks will plummet.  The market addiction to fiat injection is so pervasive now, I cannot imagine how they would react if the pipeline was cut off.  It would probably induce a fiscal bloodbath.

What Will Collapse Really Be Like?

I expect the event will be spectacular in some ways, but subdued and subversive in many other ways.  Triggers may be swift and startling, but the reactions of the populace slow, uncertain, and presumptive.  There will be fissures in our foundation, but the complete extent of the danger may take a few more years to become evident.  While the public continues to maintain its fixation on some Mad Max nightmare scenario, the real collapse will be taking place right under their noses in the form of 25%-50% increases in food and fuel, tightened job availability with pensions swallowed by austerity, food lines hidden by food stamps until the government finally defaults and pulls the rug out from under entitlement programs, etc.  For a time, it will look and feel like a slightly darker version of today, and not the cinematic melodrama that we have come to envision.  The worst of times that we often find extolled in the pages of history books come at the cost of years of almost equal disparity, and usually, the lead up is far more difficult to handle than the finale…

 


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Tue, 08/07/2012 - 09:49 | Link to Comment vinu02
vinu02's picture

Dow hit multi year high on easing hope.

ECB fine tuning operation cause spike again on Tuesday. http://www.freefdawatchlist.com/2012/08/dow-s-and-nasdaq-expected-to-ope...

Tue, 08/07/2012 - 09:57 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

I sense an overbearing negativity on this forum that I find incredibly disturbing and sad. I worry that the Zerohedge readership may be compromising their ability to make objective judgements by always seeking negative conclusions, regardless of the issue. Zerohedge readers need to focus on positive thinking. To get started I recommend the book "learned optimism" by Martin Seligman as an introduction to this new liberating way of thinking.

Tue, 08/07/2012 - 10:01 | Link to Comment bigdumbnugly
bigdumbnugly's picture

no, i'm sure that book sucks...

Tue, 08/07/2012 - 10:09 | Link to Comment RickC
RickC's picture

LOL, good line.

Tue, 08/07/2012 - 10:15 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Well, no surprises here - I fully expect uneducated libertarians rednecks to reject the suggestion. But let give you an example so you can see what it's all about.

Consider the emergency financing of AIG: You could take a negative attitude when inferring the outcome of this event by saying things like:

  1. Hank Paulson worked for Goldman Sachs, so he must be up to something evil
  2. These spineless AIG executives made poor choices, so why should we bail them out?
  3. Politicians are just acting according to the preferences of special interests, and not with the goal of saving the economy

OR, you could take a more POSITIVE approach:

  1. Sure, Hank Paulson may have been CEO of the largest beneficiary of the emergency financing, but isn’t that a bit conspiratorial? Isn’t the fact that he was appointed by our ELECTED congress proof enough of his good intentions?
  2. True, AIG executives made poor choices, but doesn’t the bible teach us to forgive? I quote: “Seek the LORD while he may be found; call upon him while he is near; let the wicked forsake his way, and the unrighteous man his thoughts; let him return to the LORD, that he may have compassion on him, and to our God, for he will abundantly pardon.
  3. In order to get elected, politicians need to withstand the objective scrutiny of a thoroughly moral and knowledgeable American public. Although criticizing the morality of politicians may be widespread, it is far from reasonable. 
Tue, 08/07/2012 - 10:16 | Link to Comment redpill
redpill's picture

Some good Tuesday trolling from MDB and economic doomage to go with your toast and bloody mary.

I pity people that don't drink these days. At least I know when I wake up in the morning, that's the worst I'll feel all day.

Tue, 08/07/2012 - 10:36 | Link to Comment pazmaker
pazmaker's picture

Isn't that a Frank Sinatra qoute or a paraphrase of it?   Give the guy the credit!!!

Tue, 08/07/2012 - 12:15 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Department of

Extortion &

Banker

Totalitarianism

Tue, 08/07/2012 - 12:43 | Link to Comment Dollar Damocles
Dollar Damocles's picture

I think realism leads to a negative outlook on the economic/political future.  I'm still optimistic.  My anti-government, anti-bank, anti-dollar investments are something I am quite optimistic about.  But the brand of optimism you are preaching doesn't sound like optimism at all.  It sounds more like blind, koolaid-drinking, head in the sand, trust.  Actually, it doesn't sound very original at all.  No thanks.

Tue, 08/07/2012 - 15:01 | Link to Comment FrankDrakman
FrankDrakman's picture

You, sir, suffer from ISR. Ineffective Satire Recognition.

Tue, 08/07/2012 - 10:37 | Link to Comment LowProfile
LowProfile's picture

On the bright side, what is to come will result in the forcible super-sonic removal of billions of heads from their respective rectums.

 

Here is what will happen:

The EUR will devalue.  But it won't disappear, or lose utility. 

Ghordius so far has said it best (link to the comment below http://www.zerohedge.com/news/feds-gold-being-audited-us-treasury#commen... )

"it is well known that the bulk of Europe's sovereign gold is also contained deep under downtown Manhattan: we wish them all the best when they attempt to repatriate the physical when they need it, such as the day after the EUR finally collapses".

This is the other way round. First Nixon forbade repatriation on August 1971. Then europe had think through where all this was heading and concocted the EUR as a response to the situation, present and future.

This included expectations of future currency wars and great rounds of "competitive devaluations" in an environment that would make small currencies very, very fragile in view of huge waves of hot, speculative fiat looking for something to break for a quick profit. The CHF is already hiding under the EUR skirt, if this goes on we'll soon see other small currencies in some kind of trouble (the GBP's fate will also be very interesting). No financial pundit is currently ever thinking through (in the way of Bastiat) how this mess since 2008 would have looked like with 17 eu currencies all biting each other...

Ironically, the best way to get rid of the EUR would be the repatriation of the european gold, same as in 1971.

Fat chance. As long as the US Treasury/FED goes the fiat way and the USD is the global reserve currency (the two facts reinforce each other), I don't see how this "EUR collapse" could happen with an eurozone that is a net exporter, an ECB that values it's gold at market value and the European Fiscal Compact that is going to at least try to institutionalize nearly-balanced-budgets in the eurozone's future.

For all near-blind hate against all central banks that some here have, anybody looking seriously at the current situation should realize a few of those facts, that make btw the search for "understanding where the EURUSD is going" quite irrelevant, a mere short-term distraction. By now, we all have some proof that the ECB is really guided by the compromise between 17 national interests (yeah, call them mercantile, if you wish).

Parts of the gold markets are "getting it", eventually we'll talk here about "eurogold vs. usdgold", and more about "central banks FX reserves", etc.

And for all those that are expecting a "marriage of convenience" between the USD and the EUR - or even think this is a "grand plan": please remember East Asia's policies, expectations, demands (including SDRs), past currency manipulations and plans for the future. And how the current global trade flows function.

_-_-_-_

All I can think to add to what Ghordius wrote above (for now) is that the EUR is a supra-national currency, with no single nation in control of the issuance of currency (BIG difference between the ECB and the Fed, although it's clear the Fed is in collusion with the big banks).

Also, it uses the market price of gold to calculate it's reserves, with which it lends against.  This gives it an enormous advantage over both a debt-based and a gold-redeemable currency.

This also has the effect of limiting the ability of any one Eurozone member from issuing unsustainable debt (Greece, Spain, et. al. are running up against this market limit right now).

This has the effect of in the long run, making the EUR the most stable of all transactional currencies in the world.

The USD could do the same, but to try and adopt the EUR model, it would create a price shock in gold (and the USD) that TPTB are clearly trying to avoid.

This IMO will result in the EUR becoming (at least in the West) the transactional currency of choice.  Not a great store of value (unless you buy stable EU nation bonds, depending on the larger environment), but a superior medium of exchange than other currencies (owing to it's wide acceptance and greater stability).

Gold, bitchez.

Tue, 08/07/2012 - 10:45 | Link to Comment pazmaker
pazmaker's picture

very thought provoking Low P.

Tue, 08/07/2012 - 10:50 | Link to Comment Its the Vatican...
Its the Vatican Stupid's picture

LowPro, sounds like you been Fofoa'd.

Tue, 08/07/2012 - 21:41 | Link to Comment LowProfile
LowProfile's picture

Shhh...

Tue, 08/07/2012 - 11:34 | Link to Comment Harbanger
Harbanger's picture

His premise is based on this statement:

"I don't see how this "EUR collapse" could happen with an eurozone that is a net exporter, an ECB that values it's gold at market value and the European Fiscal Compact that is going to at least try to institutionalize nearly-balanced-budgets in the eurozone's future."

1) Eurozone is net exporter

2) ECB values Au at market value.

3) a nearly balanced budget is in the eurozones future.

If I look at these points objectively,  I can't say that they're accurate. 1)NT 2)rigged 3) wishful thinking

Tue, 08/07/2012 - 12:48 | Link to Comment ATM
ATM's picture

Exactly where I was going t go.

The way out for the Eurozoneis to Federalize then print. All other choices allow the population to readily connect the dots to the politicians, bureaucrats and technocrats. They of course will do all in their power to shift blame, retain power and milk the system that has been so good to them.

Tue, 08/07/2012 - 13:10 | Link to Comment Ghordius
Ghordius's picture

"federalize" ? why? because the MegaBanks want it? they are those who are loudest in requesting it and most flabbergasted that they are not being serviced as they are used to...

Tue, 08/07/2012 - 13:05 | Link to Comment Ghordius
Ghordius's picture

+1 for the "Gold, bitchez"

since it's quoting time, here an excellent piece from Jesse's Cafe Americain: http://jessescrossroadscafe.blogspot.ch/2012/08/currency-wars-move-to-ma... where he inserts the following

"To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. 

What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world."

Martin Wolf, Financial Times, 12 Oct 2010

-----

re: below Harbanger:

1) it was last time I looked, and I look at trends over decades, too - note that aggregated numbers for the eurozone are not used very often, usually it's single countries or aggregated EU - not the same

2) as for 1), near enough is enough - yes, it's the FOA argument, though if the gold market(s) were not manipulated this would count x-times more, wouldn't it?

3) yup. it's in the future - as for "in the next 15 miles of a marathon". as for 1) and 2) the whole point is not "looking good", it's looking slightly better than the ugliest horse in the glue factory. though that international treaty would look good as a formal agreement between the Dems and the Reps, wouldn't it?

Tue, 08/07/2012 - 10:21 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

MDB if you were real , you would be exactly the kind of person I despise for ruining our Republic. Thank god you are not real, and there is not many that think along the lines of the sarcasim you write. Right?

Tue, 08/07/2012 - 10:49 | Link to Comment Harbanger
Harbanger's picture

You're freaking out MDB by denying his existence.

Tue, 08/07/2012 - 12:49 | Link to Comment ATM
ATM's picture

MDB is nothing but a liberal software program that was designed to tell us to feel good, think happy thought while the Titanic sinks with us on board.

Wed, 08/08/2012 - 12:45 | Link to Comment BigJim
BigJim's picture

If there were not that many people thinking along the lines of what MDB writes, how do you think they ruined our Republic?

Tue, 08/07/2012 - 10:23 | Link to Comment LongSoupLine
LongSoupLine's picture

"rednecks"  LOL!

"...the fact that he was appointed by our ELECTED congress proof enough of his good intentions?" - LMAO!

"...politicians need to withstand the objective scrutiny of a thoroughly moral and knowledgeable American public." - LMFAO!

"Although criticizing the morality of politicians may be widespread, it is far from reasonable." - (ok, I just shit myself!)

 

MDB you ARE the king of all trolls. 

 

Tue, 08/07/2012 - 12:34 | Link to Comment mvsjcl
mvsjcl's picture

On the way to work, I was startled to observe a detatched ass on the side of the road. Yours perhaps?

Tue, 08/07/2012 - 10:24 | Link to Comment halleys5
halleys5's picture

MDB - "You can't go through life, being negative about everything. Sometimes you have to take things lightly, and look on the bright side."

 

That's what I try to do every time I look at my 401k statement. In my case it's very easy to take things "lightly" since my account has been "lightened" substantially in the last five years....

Wish I was better at this game but the cyborgs have my number

Tue, 08/07/2012 - 11:18 | Link to Comment Precious
Precious's picture

It's the DAILY SHOW with your hose, MAJOR DIARRHEA BLOW.

Tue, 08/07/2012 - 10:25 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

This is the kind of sophisticated trolling we've come to expect from MDB. You are on your game this morning, sir. Kudos!

Tue, 08/07/2012 - 10:31 | Link to Comment Burr's 2nd Shot
Burr's 2nd Shot's picture

I logged in just to applaud this posting. Job well done.

Tue, 08/07/2012 - 10:35 | Link to Comment mick68
mick68's picture

Apparently you've been asleep the last three decades where corporations jumped on the PMA bandwagon, using it as a tool to control and manipulate employees into submission.
The only people still buying into this lie are weak minded women and gay men, for the most part, oh, and you.
The rest of the world has re-discovered the lost art of thinking for themselves and correctly assessing each circumstance based on it's own merits, as opposed to the swirly eyed visions of 1984 where people are forced to view all circumstances through the same clouded and incorrect lens.
Those who have bought into this myth can't see it for what it is, thinking themselves on a higher plane of reality, when in fact they are severely deluded souls in desperate need of a large dose of critical thinking 101-303.

Tue, 08/07/2012 - 10:40 | Link to Comment azzhatter
azzhatter's picture

this session of trolling for comments is a bit weak, a little too obvious but I gave you a down arrow for the effort

Tue, 08/07/2012 - 10:41 | Link to Comment azzhatter
azzhatter's picture

I am a little optimistic this morning, I woke up with a million dollar boner

Tue, 08/07/2012 - 11:23 | Link to Comment _underscore
_underscore's picture

Excellent post MBD - just a shame most posters here  (apparently?) don't seem to get the dry irony (..I bet they don't even get Jeremy Clarkson either..ho hum..)  Keep it up!

Your #1 Fan. ;)

 

 

Tue, 08/07/2012 - 12:10 | Link to Comment tocointhephrase
tocointhephrase's picture

 "Although criticizing the morality of politicians may be widespread, it is far from reasonable". 

I feel sick, please pass the bucket! 

Tue, 08/07/2012 - 12:32 | Link to Comment Random_Robert
Random_Robert's picture

"thoroughly moral and knowledgeable American public"

 

 

Best.

 

Line.

 

EVER.

Tue, 08/07/2012 - 13:28 | Link to Comment bigsteveee
bigsteveee's picture

If you choose to stick your head and the sand and pretend like nothing is wrong, that is your perogative but most people hear are attempting to prepare for the worst while hoping for the best, not quoting bible quotes in order to justify the stupidity of executives. And you consider the american public knowledgable in the slightest means that you might be the most ignorant person I've ever been subjected to.

Tue, 08/07/2012 - 15:16 | Link to Comment moonstears
moonstears's picture

"OR, you could take a more POSITIVE approach:" ...good shit MDB... a classic movie clip dedicated to you!

 

http://www.youtube.com/watch?v=SJUhlRoBL8M

Tue, 08/07/2012 - 20:58 | Link to Comment WhiteNight123129
WhiteNight123129's picture

MDB, baffling the ZH crowd with bullshit, as usual quite smart in his fainted idiocy.

Wed, 08/08/2012 - 22:21 | Link to Comment bankruptcylawyer
bankruptcylawyer's picture

MDB you are trying to hard. 

TL:DR 

 

( too long, didn't read ) . hahahaha

Tue, 08/07/2012 - 10:36 | Link to Comment Harbanger
Harbanger's picture

"no, i'm sure that book sucks..."

"Martin Seligman's learned optimism now orients the armed services' psychological stance, Dr. Keith Ablow blamed this in part for the actions of the U.S. soldier accused of killing 16 civilians in Afghanistan. He wrote that soldiers are " taught to deny stress and trauma, and false bravado is actually encouraged, under the banner of "resilience." It's a bad, bad idea that pushes soldiers to "fake good" until they fall apart. And, then, the system continues to withhold needed care, particularly of a psychotherapeutic, insight-oriented variety. " -wiki

Tue, 08/07/2012 - 12:37 | Link to Comment mick_richfield
mick_richfield's picture

"Learned Optimism" by a guy whose last name means "Happy Man".

yeah, whatever.

 

Tue, 08/07/2012 - 10:03 | Link to Comment Pladizow
Pladizow's picture

How about we all hold hands, sing Kumbya and go watch the movie "The Secret" together?

Tue, 08/07/2012 - 10:42 | Link to Comment Harbanger
Harbanger's picture

If we want to learn something, we should all go watch the movie, "2016: Obama's America"

http://www.youtube.com/watch?v=vtv6XUT-hno

Tue, 08/07/2012 - 10:05 | Link to Comment IndicaTive
IndicaTive's picture

Things are positively fucked.

Tue, 08/07/2012 - 11:21 | Link to Comment Not Too Important
Not Too Important's picture

Worse than you think.

 

It isn't 'Too Big To Fail' we need to worry about. It's 'Too Central To Fail' that is the most dangerous:

http://www.nature.com/srep/2012/120802/srep00541/full/srep00541.html?WT....

A serious read for serious players.

Tue, 08/07/2012 - 16:15 | Link to Comment Nehweh Gahnin
Nehweh Gahnin's picture

You mean proper fucked?

Tue, 08/07/2012 - 10:06 | Link to Comment Acet
Acet's picture

For some reason, MDB's appeal to positive thinking kinda reminds of the saying by Augustine of Hippo:

"Oh God grant me chastity and continence, only not yet."

Tue, 08/07/2012 - 11:02 | Link to Comment El Viejo
El Viejo's picture

... and "Oh God grant me patience, and can I have it right now!"

Tue, 08/07/2012 - 10:09 | Link to Comment GMadScientist
GMadScientist's picture

That's your upper lip; I have profound faith that you'll figure out how to get that brown stuff off eventually though.

Tue, 08/07/2012 - 10:10 | Link to Comment Byte Me
Byte Me's picture

@MDBarfbag

I always look on the bright side. And - to that end I am looking forward to the day when you take your sicko, inverted humour away to your own blog - where we will gladly ignore it at our leisure.

(Your posts used to be entertaining  - either buck up, or eff off.)

Tue, 08/07/2012 - 10:17 | Link to Comment otto skorzeny
otto skorzeny's picture

sure beats the usual "got phyzz/lead" claptrap that is posted on here-usually sprinkled with some George Carlin words of wisdom

Tue, 08/07/2012 - 10:10 | Link to Comment EL INDIO
EL INDIO's picture

"... liberating way of thinking."

Oh so liberating, so GAY

Tue, 08/07/2012 - 10:12 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Why didn't you recommend the movie Yes Man?

Tue, 08/07/2012 - 10:24 | Link to Comment tocointhephrase
tocointhephrase's picture

Honestly MDB, you constantly go on about 'libertarians/libertarianism' how its a bad thing and that we should have faith in governments and then you contradict yourself by liberating your mind. Well?

Tue, 08/07/2012 - 10:53 | Link to Comment WatchingIgnorance
WatchingIgnorance's picture

Hey MDB,

     You can ramble on about positive thinking all you like. However, that doesn't change the laws of mathematics. There is a price to pay for the decades of excess with which we have lived.

      I am positive day in and day out. However, I am also prepared. I do not live in fear, even though fear eminates throughout the world.

       But I am sure you have a nice group of sheeple that follow you around. That is a good thing. Then when the system has finally collapsed under the weight of its own stupidity and misguided greed, you can exude your sheeple with all that positive thought.

        How positive do you think an entitlement person is going to be when starvation is setting in?

Tue, 08/07/2012 - 11:02 | Link to Comment Stock Tips Inve...
Stock Tips Investment's picture

There is little reason for optimism about the global economy. The crisis in Europe is very large. China's economy is losing speed. The situation in USA is very difficult. And the economy of the major emerging countries (Brazil, Russia, India, etc..) Looks increasingly fragile. Governments and central banks have done a bad job for many years. What can we do?. My opinion is that we think first of ourselves and those who are part of our responsibility. That means we must be vigilant to move quickly. Do not let fear paralyze us. Times of crisis are ideal to make money. Do not let negative thinking that this crisis will be our ruin. Take action on instruments that will benefit from this situation. Fearlessly and with conviction. If others did, we also what we do.

Tue, 08/07/2012 - 12:32 | Link to Comment neidermeyer
neidermeyer's picture

False optimism is a killer ,, as is unwarranted pessimism ,, the healthiest among us see the world clearly and don't self deceive as you are advancing as a "cure" for us having our eyes open... 

 

I am in Iowa right now ina sea of dead rops ... the town I visited yesterday ,, where I am attempting to sell a piece of real estate ,, is near comatose ,, people are beat down... If Obummer wins re-election I will be taking my family to the Philippines where I have a 20 acre (9 hectare) tract I will develop a subdivision on and I will live the good life with servants , satellite TV and a new nissan van for the family ... I will be a big fish with no worries ... most people don't have their escape planned... 

Tue, 08/07/2012 - 13:32 | Link to Comment PiratePawpaw
PiratePawpaw's picture

It's that sarcasm thing again....Crazy kids.

Tue, 08/07/2012 - 09:49 | Link to Comment Neethgie
Neethgie's picture

man all those preppers are gonna be so dissapointed if we dont end up living like will smith in i am legend

Tue, 08/07/2012 - 11:20 | Link to Comment Jonzey39
Jonzey39's picture

While I agree the Dollar is going to get crushed, this notion that its going to happen in 1 week is a bit immature. Physical gold and silver are the best way to protect yourself from a currency crisis without question and should be championed by anyone that feels a currency crisis is brewing which to me is a certainty.

However, I would point out that inflationary spirals and currency crisis events have happened in the past and the world did not end. I would also argue that in the event the "I Am Legend" scenario unfolded that a fishing pole would be worth more than gold and silver.

In a true barter system, gold and silver would be valuable, but they offer no utility. The old adage being you can't eat them. If I have fresh fish from my fishing pole and you are starving, but have lots of gold what do you think the exchange rate will be?

Furthermore, guns and ammunition will be more valuable than gold and silver in that scenario as well. I do not believe we will see the "I Am Legend" scenario play out over a U.S. Dollar crisis, but a Dollar crisis is inevitable. Physical gold and silver are the best way to hedge this coming event.

Tue, 08/07/2012 - 09:51 | Link to Comment realtick
realtick's picture

Brandon, I'm a big fan of your work, but this death of the dollar meme is getting really old. The US military is the largest consumer of fuel on the planet, and like households they have to set a fuel budget just like the rest of us. Unless you believe that the armed forces and our war machine are no longer a priority in Washington, it's highly unlikely that the petrodollar is going is die anytime soon.

Tue, 08/07/2012 - 10:04 | Link to Comment unununium
unununium's picture

You appear to be confusing what the US wants, with what is actually likely to happen.

Tue, 08/07/2012 - 10:28 | Link to Comment realtick
realtick's picture

You appear to be confusing what the US has control over and what it doesn't. The US can cause the dollar to rise against other currencies simply by backing off QE and other games, which of course is exactly what's been going on for the past year if you haven't noticed: http://finviz.com/futures_charts.ashx?t=DX&p=w1

Tue, 08/07/2012 - 10:44 | Link to Comment Acet
Acet's picture

You see, the thing is, the US can't stop QE and ZIRP anymore.

If the fresh injections of liquidity stop, the Stock Market, having been distorted by HFT and widespread fraud to such a point that it doesn't reflect true value of companies (and which, as the Fed themselves have shown, derives most of its gains from Fed intervention), will tank. Also, all those banks whose business models are unviable and which today only survive on cheap money from the Fed will fold.

If in addition to that, the base interest rates are raised, the interest rates on Treasuries will go up, thus bringing the interest costs on US debt to unmaintainable levels. As for the banks still surviving the end of "forever-QE", as interest rates go up and more and more loans become unpayable and go into default, they will finally be forced to recognize in their accounts that all those "assets" they have as collateral are worth far less than current book value, thus exposing to the world that they are insolvent.

So you see, the US (and UK and EU) have cornered themselves with a cliff at their backside. All we can do now is prepare for the inevitable fall.

Tue, 08/07/2012 - 11:40 | Link to Comment realtick
realtick's picture

The Fed's concern for the stock market is only temporary. They're not worried about a market crash because the DJIA is not a matter of National Security like the petrodollar is. If Morgan Stanley goes bankrupt they'll simply be given to JPM like Bear was. Deflationary stock market crashes facillitate banking consolidation. You're aware of that, right?

Interest rates are only going to continue going lower because the bond market recognizes deflation when it sees it so higher borrowing costs are not an issue.

No - it's you that is blind to the facts. Inevitable fall of what? What are you talking about?

Tue, 08/07/2012 - 12:35 | Link to Comment neidermeyer
neidermeyer's picture

I'd give +100 if I could..

Tue, 08/07/2012 - 10:10 | Link to Comment Jumbotron
Jumbotron's picture

Mr Beale gets schooled about the dollar.......

http://www.youtube.com/watch?v=jxiT30N6ti4

 

 

Tue, 08/07/2012 - 10:18 | Link to Comment Tango in the Blight
Tango in the Blight's picture

The military will get their fuel first before the peons get theirs. No matter what the cost.

Tue, 08/07/2012 - 10:19 | Link to Comment otto skorzeny
otto skorzeny's picture

yuo forgot that the CIA/DEA have to have ill-gotten cash to finance their black ops/payoffs to warlords/filling their secret bank accounts

Tue, 08/07/2012 - 12:19 | Link to Comment Marigold
Marigold's picture

Fuck off , when was the last time the great US of A won a war. They could not win in Vietnam against a bunch of peasant farmers and fisherman or against a few wild Afganistanians wearing sandals. Or even in Iraq where they had to pay the enemy to stop attacking them. Would you bloody yanks realize the gig is up for your banking scam and your mighty men and women in uniform. Go tie a few yellow ribbons and watch the Kardashians and Amex Idol and dream about change You can believe in. The rest of the globe is frankly just tired of American hegemony.

Tue, 08/07/2012 - 12:26 | Link to Comment akak
akak's picture

Many Americans are tired of it, too.

Tue, 08/07/2012 - 12:48 | Link to Comment francis_sawyer
francis_sawyer's picture

 "We're 10-1"!... lol

Tue, 08/07/2012 - 09:50 | Link to Comment Abraxas
Abraxas's picture

The truth is that we won't know until it's too late. All else is speculation.

Tue, 08/07/2012 - 09:55 | Link to Comment mrktwtch2
mrktwtch2's picture

what are the going to replace it with??

Tue, 08/07/2012 - 10:05 | Link to Comment Pladizow
Pladizow's picture

Gold, silver, SDR's Yuan, a basket of fiat or all the above?

Tue, 08/07/2012 - 11:48 | Link to Comment mewenz
mewenz's picture

exactly, you could argue the dollar is becoming the biggest con game in history of western civilization, but still, the core issue remains....

out of the dollar and into what? 

Would be interesting to apply the same critical analysis to the potential alternatives

Tue, 08/07/2012 - 12:35 | Link to Comment SwimmininNawlins
SwimmininNawlins's picture

Something that a new group people can manipulate and control

Tue, 08/07/2012 - 09:55 | Link to Comment buzzsaw99
buzzsaw99's picture

They will force people to take joobux at gunpoint if need be.

Tue, 08/07/2012 - 10:27 | Link to Comment tocointhephrase
tocointhephrase's picture

What is a joobuck Mr Ant e Semite?

Tue, 08/07/2012 - 10:00 | Link to Comment Hype Alert
Hype Alert's picture

They can lower interest rates to zero, and, they can print-print-print. That is it.

 

How do they lower interest rates without printing?  Edict?  It seems their only tool is the supply of Notes.

 

And on a side note: We're over 1400 on the S&P.  That's less than 1.5% off the high for the year and we're going to print?  Seriously?

Tue, 08/07/2012 - 10:16 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Oh we can't have any market declines anymore. We will just keep stealing more and more from the future to prop it up today.

Tue, 08/07/2012 - 10:18 | Link to Comment nope-1004
nope-1004's picture

How do they lower interest rates without printing?

Through IRSwaps, the TNX, manipulated for years by JPig on behalf of the Fed.  The bond bubble will explode in spectacular fashion.

The econ 101 theory didn't take into consideration theft, collusion, corruption, and debauchery.

 

Tue, 08/07/2012 - 09:59 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"food lines hidden by food stamps until the government finally defaults and pulls the rug out from under entitlement programs, etc"

-------

Well that's a mouthful right there.  No comment other than to simply say that I doubt 45 million people will simply go quietly into that good night.  Evidence for the slow erosion of soiciety is everywhere

Tue, 08/07/2012 - 10:11 | Link to Comment IndicaTive
IndicaTive's picture

"I doubt 45 million people will simply go quietly into that good night."

These people will trampe their neighbors to death for a flat-screen TV on Black Friday. http://seattletimes.nwsource.com/html/nationworld/2008448574_shop290.html

"I think it ties into a sort of fear and panic of not having enough," said Joe Priester, a professor at the Marshall School of Business at the University of Southern California and a former president of the Society for Consumer Psychology. A herd mentality, he said, can lead individuals to feel anonymous, so much so that they are capable of trampling someone. "Fear combined with the group mentality?" he said. "It doesn't surprise me at all."

Tue, 08/07/2012 - 10:12 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

Agreed. It all goes to shit the minute those SNAP cards stop working.

Tue, 08/07/2012 - 11:05 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

A likely accurate prediction. Some 46 million of your countrymen are now fully dependent upon the State for their very nourishment...think of it in those terms, and then consider the outcome if the "providence" of that sustenance was ever disrupted or withdrawn.

Tue, 08/07/2012 - 12:01 | Link to Comment viahj
viahj's picture

a 20% cut would be enough for them to burn down their neighborhoods, then they will burn the suburbs.

Tue, 08/07/2012 - 17:23 | Link to Comment XitSam
XitSam's picture

As I recall, SNAP is administered by the states. So it could be possible to see SNAP RiotsTM in CA, NY and IL before IA and ID. But the SNAPersTM will still be mobile, after burning their own neighborhood, there will be SNAP MobsTM raiding suburban groceries until the groceries refuse to restock, starving the suburbs. I give this about two weeks to play out, somewhere in all this the feds in some form step in and be insufficient to stop it.  Trucking, truck stops and grocery distributors raided. Any sort of daily commerce ends. Martial law in effect but only enough manpower to protect government buildings, mostly ignored. Suburban blocks burned as fires are set when home invasion resistance is met. Yep, about two weeks.  Or we can just think positively about 47 million starving people.

Tyler, I'm counting on you to let me know when this kicks off.

Tue, 08/07/2012 - 18:00 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Xitsam, I'm thinking along with you on this especially if you look at Argentina around 2001/2002 as a guide. I used to feel relatively save 45 miles outside an urban center but In Zimbabwe and Argentina the suburbs were hit harder than the urban centers because of a lack of police protection and the ease of over powering families in deadly home invasions and then using the dead family's home as a base of operation to pick off the others in the area. I keep adding guns and ammo to my arsenal but I don't think I could resist a well armed of thugs hell bent on taking me down. I pray we never get to that scenario, horrors unimaginable.

Miffed:-)

Tue, 08/07/2012 - 12:38 | Link to Comment SwimmininNawlins
SwimmininNawlins's picture

"How do you boil a frog?"

 

They will not just turn off the cards.  Through inflation food stamps will grow more and more useless

Tue, 08/07/2012 - 09:59 | Link to Comment scatterbrains
scatterbrains's picture

Gold not trying to feel all that unlimited printing luv this morning... and gold has been a great truth/bullshit indicator all along.

Tue, 08/07/2012 - 09:59 | Link to Comment dannynewmexico
dannynewmexico's picture

It would seem so, the author is brave!!

 

 

survivingsurvivalism.com

 

 

 

Tue, 08/07/2012 - 10:47 | Link to Comment kito
kito's picture

While the public continues to maintain its fixation on some Mad Max nightmare scenario...

 

are you f-in kidding me??? mr. smith, you moved to the great redoubt to avoid the zombie masses, you advise on anti drone equipment and gas masks, you talk about bug out bags, and now its the public that continues to maintain some mad max outlook???? whoooaaaaaa......................... 

Tue, 08/07/2012 - 10:00 | Link to Comment MFLTucson
MFLTucson's picture

Brilliant piece, thank you!

Tue, 08/07/2012 - 10:01 | Link to Comment spinone
spinone's picture

As long as OPEC only takes dollars for oil, no worries.

Tue, 08/07/2012 - 18:34 | Link to Comment James
James's picture

The problem w/that is OPEC does'nt have the oil they've claimed in the ground .

OPEC will not be the oil player they've been in the past in 10 years or so.

Hence MENA

Tue, 08/07/2012 - 10:04 | Link to Comment francis_sawyer
francis_sawyer's picture

Iran is (and will continue to be), the key piece in the puzzle IMO (with Syria the latest in a string of 'beat around the bush' proxies)...

Either we go to war with Iran (which means WW3 with Russia & China in the mix), or we don't... It's a war where there will be no winners (just chaotic re-organization)... It's a fight that we should back down from (but no telling what idiots in charge might do)... Backing down means that China continues to eat our lunch & we hobble home like Napoleons long march through the snow...

So now we're in the last moments of 'Butch Cassidy & the Sundance Kid'... "For a moment there I thought we were in trouble"

~~~

http://www.youtube.com/watch?v=RZxcjkb5-t4

Sorry for all the mixing up of metaphors there...

Tue, 08/07/2012 - 12:04 | Link to Comment viahj
viahj's picture

you can add Wounded Knee and Stalingrad to your list

Tue, 08/07/2012 - 12:49 | Link to Comment francis_sawyer
francis_sawyer's picture

I'll cross that bridge when it hatches... :-)

Tue, 08/07/2012 - 10:04 | Link to Comment Dr. Engali
Dr. Engali's picture

The more I observe ,the more I believe it will be a controlled collapse. They will keep droppping it in phases and lowering the living expectaions of the sheeple Once the sheep  become docile and accustomed to their new environment they will start the next phase.

Tue, 08/07/2012 - 10:20 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

I hope that is how it happens. I can still get a few more years of the good life. It's easier to outrun high tide than a tsunami.

Tue, 08/07/2012 - 19:14 | Link to Comment New World Chaos
New World Chaos's picture

They plan and react on bureaucratic timescales.  A controlled collapse will give them time to exploit the crisis at every downtick and consolidate power.  If they drag it out over generations, they can make people forget there ever was a time when a blue collar man could support a stay-at-home wife, kids, and college.  They can make people forget there ever was a time when their kids could sell lemonade without being arrested, go through the airport without being molested, etc. 

This must not happen.  We need a quick, severe collapse in which the chaos reigns, the fog of war is everywhere, and situations change before they can run everything through their goddamned committees and lobbyists.  Most importantly, we need the zombies to be awakened by righteous anger.  I know the odds of this are poor and their anger is easily misdirected, but eternal slavery will be the consequence of sleepwalking through this, so better to flip the table and let the chips fall where they may.  The more corrupt institutions that burn in the collapse, the more freedom we will have afterwards.  Wait until after hyperinflation, though.  They will have fewer cops, bureaucrats, and sheeple on their side.

Tue, 08/07/2012 - 10:38 | Link to Comment madcows
madcows's picture

I'm not putting any faith in a controlled collapse.  As if TPTB are so capable as to slowly let the air out of the balloon.  I say, when it goes, it goes fast.  Less than a year to implode.  Once one big economy goes, the rest of the dominoes fall, nation after nation... bank after bank... bank run after bank run.

Tue, 08/07/2012 - 13:43 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Agreed. That is what they are doing right now.

The problem is that it can easily slip ones grasp and become uncontrolled.

An uncontrolled herd of sheeple can make a rather large mess.

Tue, 08/07/2012 - 10:06 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This article gets close to understanding the metrics which drive the debasement of the dollar, yet falls short by failing to recognize the fact that truth reigns supreme and the truth of the dollar has nothing to do with Ben Bernanke printing dollars (although increasing the dollar supply will quicken the collapse, as it's price falls - then add the mentioned falling demand and the article makes a fair point). 

In the end, all that matters is that the dollar is a faith based instrument of currency, and has no value within.  It is an IOU, and if you have ever lent a friend money, you know the chances of being paid back are slim to none.  The dollar has no intrinsic value to anyone holding it, because the debt it represents carries no weight and holds no water.

This is why so many monetary systems have failed through the years and why gold and silver have always reigned supreme.  Gold and silver have no counter party risk.  It is this that make them the ultimate store of value.  That and their halflife wherein their molecular structure never change, they are fungible, and easily portable. 

Oh look at that, I just defined money by economic textbooks all over the University system!

Tue, 08/07/2012 - 10:05 | Link to Comment EL INDIO
EL INDIO's picture

This collapse the author is describing happens all the time in the third world.

WE WILL BE LUCKY IF THIS IS ALL THAT’s GONNA HAPPEN

 

You forget war Sir, America cannot become a third world country before it exhausts its weapons. They have to be used somewhere!

 

Never seen a third world country with that kind of military.

America is not going down without a fight.

 

(Just some thoughts)

Tue, 08/07/2012 - 10:11 | Link to Comment Jumbotron
Jumbotron's picture

"Never seen a third world country with that kind of military.

America is not going down without a fight."

 

Right.....so who is America going to fight.....Boogey Men over there......or us ?

Tue, 08/07/2012 - 10:17 | Link to Comment EL INDIO
EL INDIO's picture

Somebody said “… America is pretty good at finding new enemies to fight …”

 

Some candidates: Syria, Iran, Pakistan, North Korea, China, Russia

Tue, 08/07/2012 - 10:32 | Link to Comment Jumbotron
Jumbotron's picture

.....Freedom lovers.....Libertarians......Gold bugs.......Americans who don't won't to be given an Asian Massage at the airport......Anti- Federal Reserve activists......people who want to see John Corzine do the perp walk.....along with Jamie Dimon and Lloyd Blankfein...et.al......

You know....US !!!

Tue, 08/07/2012 - 15:50 | Link to Comment Umh
Umh's picture

Please explain how that's going to help. The only thing chucking expensive spears at another country is going to achieve is wasting even more money.

Tue, 08/07/2012 - 10:18 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

America = you and I, I think you mean to refer to the MIC, which has no allegience to us.  America wasn't suppossed to have a standing army, thus why the Constitution talks about malitias.  Like corporations, they were not static.

And by the way, if the MIC decided to fight Americans, I would put money on the rednecks, especially considering half of the MIC would likely stand down in this scenario.

Tue, 08/07/2012 - 10:36 | Link to Comment Jumbotron
Jumbotron's picture

"And by the way, if the MIC decided to fight Americans, I would put money on the rednecks, especially considering half of the MIC would likely stand down in this scenario."

I don't know......you might be surprised at how many starving Latinos, Blacks and non-Redneck Whites would pick up those secured weapons for a paycheck and a chance to shoot at Red Necks.

Tue, 08/07/2012 - 13:47 | Link to Comment PiratePawpaw
PiratePawpaw's picture

But Rednecks get in a lot more practice, so their return fire will be more accurate.

Tue, 08/07/2012 - 14:19 | Link to Comment Jumbotron
Jumbotron's picture

As someone who was born and raised in Mississippi....lived in West Virgina....and now resides in rural Florida....I wouldn't bet on that.

I still have a pellet under my skin from being shot by a shotgun wielding Red Neck while dove hunting as a kid.

Tue, 08/07/2012 - 10:14 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

An army can't use its weapons if it it has exhausted its fuel supply.  Just ask the Nazis.

Tue, 08/07/2012 - 10:20 | Link to Comment EL INDIO
EL INDIO's picture

I remind you that America already controls the biggest reserve of OIL: Saudi Arabia and Iraq

Tue, 08/07/2012 - 10:41 | Link to Comment BurningFuld
BurningFuld's picture

You missed Canada.

Tue, 08/07/2012 - 10:24 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

All those solid fueled nukes need is the push of a button.

Tue, 08/07/2012 - 10:37 | Link to Comment Jumbotron
Jumbotron's picture

Nazi's didn't have corn.

Ethanol bitchez.......Green Gold......Nebraska Tea !!!!

Tue, 08/07/2012 - 12:27 | Link to Comment e_goldstein
e_goldstein's picture

After the corn crop this year, I doubt we will either.

Tue, 08/07/2012 - 14:12 | Link to Comment Jumbotron
Jumbotron's picture

After the corn crop this year, I doubt we will either.

LOL....you may be right !

Tue, 08/07/2012 - 10:20 | Link to Comment the not so migh...
the not so mighty maximiza's picture

If my memory serves me right the Soviets had allot of military equipment but still fell apart.  They had tanks fire on their own Duma and then Boris Yeltsin stands up on a tank and states please we can't even afford the gas for this.  

Tue, 08/07/2012 - 10:05 | Link to Comment GOLDTEETHSILVER...
GOLDTEETHSILVERFILLINGS's picture

Follow the yellow brick road...

Tue, 08/07/2012 - 10:06 | Link to Comment crawldaddy
crawldaddy's picture

oh please, if anything like this was going to happen there would be like.. what tanks rolling through burbank or something....  umm what's that... roll tape..  ok

 

http://www.youtube.com/watch?v=VkYfSXy7XGo&feature=share

Tue, 08/07/2012 - 10:25 | Link to Comment mark mchugh
mark mchugh's picture

That's Awesome!!! (In an Orwellian nightmare kind of way)

Thanks for posting.

Tue, 08/07/2012 - 10:46 | Link to Comment Andre
Andre's picture

Mech infantry, probably brigade strength. Mostly Bradley AIFV's, a few Abrams.

Tue, 08/07/2012 - 10:07 | Link to Comment RobotTrader
RobotTrader's picture

There has never been a more horrific year to be long gold and silver and short retail stocks.

 

The U.S. Consumer cannot be stopped.

And, the "short gold at market" printing press that stamps out millions of COMEX order tickets at Ft. Knox cannot be stopped either.

PigMen win.

Gold bugs lose.

Tue, 08/07/2012 - 10:23 | Link to Comment Abraxas
Abraxas's picture

Why limit your thoughts on one year only out of so many?

Tue, 08/07/2012 - 10:27 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Is 2012 over already?

Tue, 08/07/2012 - 11:33 | Link to Comment lakecity55
lakecity55's picture

AHHHHH! Nibiru just flew over the house! Watch out!

It knocked over my satellite dish, dammit.

Tue, 08/07/2012 - 10:33 | Link to Comment mark mchugh
mark mchugh's picture

Horrific?

Um....we're still killin' it dude.  (Just look at a 10y chart) Nice to know you still don't know when opportunity's staring you in the face.

Bon Voyage!

Tue, 08/07/2012 - 10:42 | Link to Comment Jumbotron
Jumbotron's picture

"Horrific?

Um....we're still killin' it dude.  (Just look at a 10y chart) Nice to know you still don't know when opportunity's staring you in the face."

 

Yeah....just LOOK at that 10 yr chart......just don't factor in THIS CHART......

 

http://www.shadowstats.com/alternate_data/inflation-charts

 

Or how about this 30 years chart....

 

http://www.shadowstats.com/alternate_data/gross-domestic-product-charts


Tue, 08/07/2012 - 10:55 | Link to Comment mark mchugh
mark mchugh's picture

Yeah, yeah

Not that he's completely wrong, but John Williams is a jerk-off.

Tue, 08/07/2012 - 14:17 | Link to Comment Jumbotron
Jumbotron's picture

Yeah, yeah

Not that he's completely wrong, but John Williams is a jerk-off.

 

I'll take an honest jerk-off who is trying to tell the truth....than a bunch of polite Wall Street Thugs and Politicians any day of the week !!! 

BUT PLEASE...BY ALL MEANS.....DON'T LET ME STOP YOU FROM SUCKING ON THE DYING TEAT OF OUR ECONOMIC SYSTEM.  YOU ARE SIMPLY A SLIGHTLY MORE SOPHISTICATED VERSION OF A CASINO HUSTLER.....SAME CHEAP SUIT.....BUT WITH A TD AMERITRADE ACCOUNT INSTEAD OF A PAIR OF DICE IN YOUR HANDS.

Tue, 08/07/2012 - 15:57 | Link to Comment mark mchugh
mark mchugh's picture

What fucking planet are you from? 

I don't trade at all.  I'm a goldbug/silverbug.  Can't you read?

JW's not honest.  He's just another histrionic huckster.  Your life experience should tell you his stats aren't accurate.

Party on

Tue, 08/07/2012 - 10:38 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

STARVE THE BEAST! GO GALT! TAKE BACK YOUR SOVEREIGNITY! GET YOUR STRAWMAN! STOP PAYING CREDIT CARDS! GO ALLOIDAL! REDEMPTION IS AVAILABLE! WAKE THE FUCK UP!

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

http://www.youtube.com/watch?v=P4cWZFTR81g&feature=relmfu

Tue, 08/07/2012 - 10:08 | Link to Comment BLOTTO
BLOTTO's picture

Can someone please fan the fire faster.

Notice how all the major world news (with exception of Syria) is all *quiet* during the Olympics.

Even the Temple shooting got little coverage due to *Missy Franklin's* gold medal performance and the rest of the occult olympics.

YEah - swimming 200m backstroke is more important than anything else.

Tue, 08/07/2012 - 10:12 | Link to Comment crawldaddy
crawldaddy's picture

everything you see on tv is about one thing only, selling ad time and space.

Tue, 08/07/2012 - 10:15 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

Right. There's no mass market for truth, so don't look for it on TV.

Tue, 08/07/2012 - 11:32 | Link to Comment peekcrackers
peekcrackers's picture

MSM is not just for Main steam Media . MSM is Mind sedative munipulater

Tue, 08/07/2012 - 10:15 | Link to Comment fuu
fuu's picture

6 people dead at a temple in Wisconsin doesn't even rate a ZH article, guest post, or blog entry.

Tue, 08/07/2012 - 10:18 | Link to Comment Dr. Engali
Dr. Engali's picture

Yeah I was kind of surprised about that one myself. It fits n=in with the gun control meme. TPTB are moving fast on events now.

Tue, 08/07/2012 - 20:21 | Link to Comment New World Chaos
New World Chaos's picture

Looks like their new strategy. 

Some similarities with the Batman shooting: 

There were accomplices, and the victims were chosen for a high probability of being disarmed (by theatre policy in the Batman case- though the media will never tell you that the body count was high due to a LACK of guns). 

The Batman shooter had been worked over by military shrinks; the Sikh shooter worked for US Army psyops.

The canned script is ready- Fascism will protect your children!  Never mind that fascism has historically killed thousands of times more children than lone nuts, but logic was never Americans' strong point.

The father of the Batman shooter was due to testify to Congress on LIBOR manipulation and trillions in offshore accounts; one of the Sikhs shot was the father of the guy who made the documentary "Sirius", which is about free energy and UFO coverups. 

There was obviously considerable planning, and yet the MSM would have us believe that this was just some hateful redneck who says "All ragheads look the same to me" and so didn't even learn the basics about Sikhs (they are hippies).

http://www.prisonplanet.com/seeking-the-devil-sikh-shooting-is-a-deep-state-psy-op.html

Tue, 08/07/2012 - 10:22 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I think we're all a little Wisconsined-out after this year. They've just got the capital building repaired....cut them some slack.

 

 

Tue, 08/07/2012 - 10:24 | Link to Comment otto skorzeny
otto skorzeny's picture

I think it was played down because ex-military shooter was involved- can's speak bad about all the deranged PTSDed soldiers in US(alot of whom are now joining the ranks of law enforcement/SWAT stormtroopers)

Tue, 08/07/2012 - 10:58 | Link to Comment Chaos_Theory
Chaos_Theory's picture

Too bad he was booted out in 1998 with a less-than-honorable discharge and thus wasn't part of the Iraq or Afghanistan quagmires and was a f-ing neo Nazi (1990s and Fort Bragg was a wierd nexis of Neo Nazi shit..google it). Otherwise, you're spot on with that totally unbiased assessment in which you stereotype a decades worth of soldiers as all being PTSD psychos!  Good job Brownie!

 

 

Tue, 08/07/2012 - 12:41 | Link to Comment fuu
fuu's picture

He was at Bragg in 1990? Was he in Desert Shield?

Tue, 08/07/2012 - 14:16 | Link to Comment Chaos_Theory
Chaos_Theory's picture

Reporting I saw said out in 1998 after serving 6-years, so no, he was not at Bragg in 1990 or in Desert Storm.  He was a purely peacetime 1992-1998 soldier (well, assuming he wasn't in Mogadishu or flying jets over the Balkans).

Tue, 08/07/2012 - 14:35 | Link to Comment fuu
fuu's picture

Roger that.

Tue, 08/07/2012 - 11:29 | Link to Comment lakecity55
lakecity55's picture

Well, hell, these staged attacks are so common now, who cares?

Everybody knows the gubbermint is doing it.

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