This page has been archived and commenting is disabled.

Guest Post: Illusion Of Recovery - Feelings Versus Facts

Tyler Durden's picture




 

Submitted by Jim Quinn of The Burning Platform

Illusion Of Recovery - Feelings Versus Facts

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.” – Ludwig von Mises

 

The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts like Zero Hedge, Mike Shedlock, Jesse, and John Hussman. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. Their America is all about feelings. Are we confident? Are we bullish? Are we optimistic about the future? America has turned into a giant confidence game. The governing elite spend their time spinning stories about recovery and manipulating public opinion so people will feel good and spend money. Facts are inconvenient to their storyline. The truth is for suckers. They know what is best for us and will tell us what to do and when to do it.

The false storyline last week was the dramatic surge in new jobs. This fantastic news was utilized by the six banks that account for 80% of the stock market trading to propel the NASDAQ to an eleven year high and the Dow Jones to a four year high. The compliant corporate press did their part with blaring headlines of good cheer. The entire sham was designed to make Joe the Plumber pull out one of his 15 credit cards and buy a new 72 inch 3D HDTV for this weekend’s Super Bowl. When you watch a CNBC talking head interviewing a Wall Street shyster realize you have the 1% interviewing the .01% about how great things are.

What you most certainly did not hear from the MSM is that the NASDAQ is still down 42% from its 2000 high of 5,048. None of the brain dead twits on CNBC pointed out the S&P 500 is trading at the exact same level it reached on April 8, 1999. Twelve or thirteen years of zero or negative returns are meaningless when a story needs to be sold. On Friday the hyperbole utilized by the media mouthpieces was off the charts, leading to an all-out brawl between the critical thinking blogosphere and the non-thinking ”professionals” spouting the government sanctioned propaganda. Accusations flew back and forth about who was misinterpreting the data. I found it hysterical that anyone would debate the accuracy of BLS (Bureau of Lies & Swindles) data.

The drones at this government propaganda agency relentlessly massage the data until they achieve a happy ending. They use a birth/death model to create jobs out of thin air, later adjusting those phantom jobs away in a press release on a Friday night. They create new categories of Americans to pretend they aren’t really unemployed. They use more models to make adjustments for seasonality. Then they make massive one-time adjustments for the Census. Essentially, you can conclude that anything the BLS reports on a monthly basis is a wild ass guess, massaged to present the most optimistic view of the world. The government preferred unemployment rate of 8.3% is a terrible joke and the MSM dutifully spouts this drivel to a zombie-like public. If the governing elite were to report the truth, the public would realize we are in the midst of a 2nd Great Depression.

 

The unemployment rate during the Great Depression reached 25%. Without the BLS “adjustments” the real unemployment rate in this country is 23%. Cheerleading and packaging the data in a way to mislead the public does not change the facts:

  • There are 242 million working age Americans. Only 142 million Americans are working. For the math challenged, such as CNBC analysts, that means 100 million working age Americans (41.5%) are not working. But don’t worry, the BLS says the unemployment rate is only 8.3%. Things are going so swimmingly well in this country the other 33.2% are kicking back enjoying the good life.
  • The labor force participation rate and employment to population ratio are at 30 year lows. The number of Americans supposedly not in the labor force is at an all-time record of 87.9 million. A corporate MSM pundit like Steve Liesman would explain this away as the Baby Boomers beginning to retire. Great storyline, but the facts prove that old timers are so desperate for cash they have dramatically increased their participation in the labor market.

 

  • The data being dished out by the government on a daily basis does not pass the smell test. The working age population since 2000 has grown by 30 million people. The number of people working has grown by only 4.7 million. A critical thinker would conclude the unemployment rate should be dramatically higher than the reported 8.3%. But the government falsely reports the labor force has only increased by 11.8 million in the last eleven years. They have the gall to report that 17.9 million Americans just decided to leave the workforce. The economy was booming in 2000. It sucks today. Don’t more people need jobs when times are tougher? The Boomers retiring storyline has already proven to be false. The fact that 46 million (15% of total population) people are on food stamps is a testament to the BLS lie. A look at history proves how badly the current figures reek to high heaven:
    • 2000 to 2011 - Not in Labor Force increased by 17.9 million.
    • 1990?s – Not in Labor Force increased by 5 million.
    • 1980?s – Not in Labor Force increased by 1.7 million.
  • The Not in the Labor Force category is utilized to hide how bad the employment situation in this country really is. They conclude that 17 million out of 38 million Americans between the ages of 16 and 24 are not in the labor force. That is complete bullshit. From the time I turned 16, I worked. Everyone I knew worked. I worked through high school and college. It is a lie that 45% of these people don’t want a job. If you dig into their data, you realize the horrific state of employment in this country:
    • 74% of 16 to 19 year olds are not employed
    • 85% of black 16 to 19 year olds are not employed
    • 31% of black 25 to 54 year old men are not employed
    • 40% of 20 to 24 year olds are not employed
    • 22% of 25 to 29 year old males are not employed
    • 22% of 50 to 54 year old males are not employed
    • According to the BLS, 11% of men between 25 and 54 are not in the labor force

Not only is real unemployment at Depressionary levels, but those that do have jobs are falling further and further behind. Wages have gone up less than 2% in the last year and have been rising at an annual rate below 3% for the last four years. According to our friends at the BLS, inflation has risen 3% in the last year. This is almost as ludicrous as their unemployment rate. Anyone living in the real world, as opposed to the BLS model world, knows that inflation on the things we need to live has been rising in excess of 10%. It is a fact that if you measure CPI exactly as it was measured in 1980, at the outset of our great debt inflation, it exceeds 10% versus the fake 3% reported without question by the MSM to a non-thinking public. A poor schmuck making the median salary of $25,000 who gets a 2% raise thinks he has $500 more to spend when in reality he has lost $2,000 of purchasing power. Federal Reserve created inflation is an insidious hidden tax that destroys the 99%, while enriching the 1%.

Until Debt Do Us Part

“Insanity is doing the same thing, over and over again, but expecting different results.”Albert Einstein

The recovery storyline being touted by the oligarchy of politicians, bankers and media is designed to make consumers feel better. This is a key part of their master plan. Any honest assessment of the financial disaster that struck in 2008 would conclude it was caused by too much debt peddled to too many people incapable of paying it back, too few banks having too much power, the Federal Reserve keeping interest rates too low for too long, and that same Federal Reserve doing too little regulating of the Too Big To Fail Wall Street mega-banks. I wonder what Albert Einstein would think about the “solutions” rolled out to fix our debt problem. Would he find it insane that total credit market debt has actually risen to an all-time high of $53.8 trillion, up $533 billion from the previous 2008 peak? Our leaders have added $6.1 trillion to our National Debt in the last four years, a mere 66% increase. This unprecedented level of borrowing certainly did not benefit the American people, as real GDP has risen by $96 billion, or 0.7%, over the last four years.

Would Einstein find it insane that the governing elite would encourage the 4 biggest banks, that were the main culprits in creating a worldwide financial collapse, to actually get bigger? The largest banks in the U.S. now control 72% of all the deposits in the country versus 68.5% in 2008. The Too Big To Fail are now Too Bigger To Fail. Rather than liquidating the bad debts, breaking up the insolvent banks, selling off the good assets to well run banks, firing the executives, and wiping out the shareholders & bondholders foolish enough to invest in these badly run casinos, the powers that be chose to protect their fellow .01% brethren and throw the 99% under the bus.

Ben Bernanke, in conjunction with Tim Geithner and his masters on Wall Street, implemented a zero interest rate policy designed to enrich the Wall Street banks, force investors into the stock market, and encourage Americans to borrow and spend like it was 2005 again. Rather than accepting that our economy has been warped for decades, with over-consumption utilizing debt as the driving force, and allowing a reset, the Federal Reserve insanely encouraging banks and consumers to do the same thing again. We do know Bernanke has stolen $450 billion of interest income going to savers and senior citizens and handed it to Jamie Dimon, Vikrim Pandit, Lloyd Blankfein and the rest of the Wall Street cabal. The “austerity is bad” storyline is pounded home on a daily basis by the politicians, corporate chieftains, Wall Street billionaires, and MSM pundits. The definition of austere is “practicing great self-denial”. Did you see the mob scenes on Black Friday? Americans are incapable of any self-denial, let alone great self-denial, and the masters of our country will not allow it to happen. One look at our GDP figures confirms the non-austerity occurring in this country. In 2007, prior to the collapse, consumer spending accounted for 69.7% of GDP. Today, consumer spending accounts for 71% of GDP, with investment accounting for 12.7% of GDP. In the good old days of 1979 prior to the epic debt bubble, when the financial industry do not run this country, consumer spending accounted for 62% of GDP and investment accounted for 19% of GDP. What an insane concept. You spend less than you make and save the difference. You then invest that money where you can get a reasonable return (.15% in a money market account is not exactly reasonable).

As Ludwig von Mises pointed out, a false boom created by credit expansion will ultimately collapse. We had the chance in 2008 – 2009 to voluntarily abandon the Wall Street induced credit expansion and allow our country to reset. The pain and misery would have been great, especially for the 1% who own most of the stocks, bonds and peddle the debt to the ignorant masses. As you can see in the chart below, the powers that be need debt per employed American to grow at an ever increasing rate to maintain their power and wealth. The miniscule reduction in debt from 2009 to 2011 was unacceptable. The governing powers will not be satisfied until von Mises’ final currency catastrophe is achieved.

Bernanke and his Wall Street puppet masters’ plan is actually quite simple. It’s essentially a confidence game. A confidence game (also known as a con, flim flam, gaffle, grift, hustle, scam, scheme, or swindle) is an attempt to defraud a group by gaining their confidence. The people who commit such tricks are often known as con men, con artists, or grifters. The con man often works with one or more accomplices called shills, who help manipulate the mark into accepting the con man’s plan. In a traditional confidence game, the mark is led to believe that he will be able to win money or some other prize by doing some task. The accomplices may pretend to be random strangers who have benefited from successfully performing the task. Bernanke and the 1% are the con men. They are attempting to defraud the 99% by convincing them their “solutions” will benefit them. The shills acting as accomplices are Wall Street bankers, bought off economists, politicians, journalists, and mainstream media pundits. You are the mark. The game has multiple facets but is based on more freely flowing low interest easy debt. The con man has reduced interest rates to zero at the behest of his puppet masters. The Wall Street accomplices offer enticing financing to the marks for big ticket items like automobiles, furniture and electronics. As the marks go further into debt, the Wall Street shills report record earnings ($26 billion from loan loss reserve accounting entries), consumer spending rises and GDP goes higher. The mainstream media accomplices dutifully report an improving economy. The government accomplices massage the employment and inflation data and declare a jobs recovery with no inflation. The marks are supposed to feel better about the future and spend even more borrowed money. This is what is considered a self-sustaining recovery by the psychopaths running this country.

All you have to do is open your daily paper to see the confidence game in full display. Last week the MSM reported another surge in automobile sales. Our beloved American automobile manufacturers are back baby!!! Automobile sales are now pacing above 14 million on an annual basis. This is up from the depths of the recession in 2009 when the annual rate was below 10 million. We’ve breached the Cash For Clunkers level and there is nowhere to go but up. The storyline is that Obama was right to save GM and Chrysler with your tax dollars. They are now making splendid vehicles (except for the exploding Chevy Volts) and employing millions of Americans. This is a true American comeback success story. Clint Eastwood should do a commercial about it.

There is one little problem with this storyline. It’s bullshit. Remember GMAC? You bailed them out when all their subprime auto and mortgage loans went bad in 2009. They have a brand new business plan. Change your name to Ally Bank and start making as many subprime auto loans as possible. You will be happy to know that according to Experian, 45% of all auto loans being made today are to subprime borrowers. What could possibly go wrong? In addition, the average loan term has grown to almost 6 years. Executives at Ally Financial said that subprime car lending had become “very attractive” because profit margins on the loans more than cover the cost of expected losses from borrowers who fail to repay what they owe. I’m sure they have everything completely under control. Gina Proia, a company spokeswoman, said the company places “greater emphasis on the higher end of the nonprime spectrum” and only lends to people who show they can pay. I can’t believe they are restricting their loans to only people who they think can pay. I’m surprised Obama isn’t condemning them for such restrictive loan terms. If you open your paper to the auto section you will see financing offers of $0 down-payment, and 0% interest for 7 years across the board on most models. But why buy, when you can lease a luxury automobile for $300 per month? It is simply amazing how many vehicles you can “sell” when “credit challenged” Americans can rent them for seven years. I wonder if this explains why I see dozens of $40,000 luxury autos parked in front of $25,000 dilapidated hovels during my daily commute through West Philadelphia. It also seems the Big Three are “selling” a few extra vehicles to their dealers in January as pointed out by Zero Hedge. No need to let a few facts get in the way of a feel good story.

  • Ford month-end inventory 86-day supply at end of Jan. (492k vehicles) vs 60-day supply (466k) as of Dec. 31
  • Chrysler had 83-day supply (349k units) end of Jan. vs 64-day (326k units) as of Dec. 31
  • GM month-end inventory 89-day supply (619k units) vs 67-day supply (583k) Dec. 31

The facts prove the issuance of billions in easy credit is creating the illusion of recovery. Non- revolving (auto & student loans) consumer credit outstanding is now at an all-time high of $1.7 trillion. Even with billions in bad debt write-offs since 2009 the amount outstanding has risen by $100 billion. Does this sound like austerity is gripping the nation? The Federal government is dishing out student loans like candy, as hundreds of thousands of students get worthless degrees from for-profit diploma mills like the University of Phoenix and its ilk. By keeping them occupied in school, the government is able to keep them in the Not in the Labor Force category. Not to be outdone, our friends at GE Capital, Wells Fargo and the other too big to fail entities have been doing their part on the revolving credit side of the scam. I’ve recently been seeing an ad by the largest U.S. furniture retailer, Ashley Furniture, offering 0% interest with no payments for 7 years. I don’t know about you, but my kids destroy a couch in less than 7 years. Wells Fargo Credit doesn’t seem too worried. A critical thinker might ask, how can Wells Fargo possibly make money offering these terms? But there is the rub. Ben Bernanke is loaning Wells Fargo money at 0% so they can perpetuate the confidence game. These insane bankers truly believe they can kick start this moribund debt saturated economy by issuing billions more in debt to people incapable of repaying them. Einstein would be amused.

The McKinsey Group put out a report a couple weeks ago analyzing the amount of American household debt and optimistically concluding that it could be back on a sustainable path by 2013. Mike Shedlock pointed out that sustainable is in the eye of the beholder. It seems the bright fellows at McKinsey haven’t grasped the concept of regression to the mean. First of all their analysis is flawed because real disposable personal income is actually declining and Ben Bernanke’s master scam is working and Americans are now adding to their household debt. The little blue line has turned upwards since they gathered their data. Secondly, as Mish so accurately points out, the sustainable level of household debt is really at the levels prior to the debt bubble that began in the early 1980s. That is a debt level of approximately 70% of disposable personal income, as opposed to the current level of 110%.

The implications of household debt levels regressing to their long-term mean would be catastrophic to the 1%. Their kingdom of debt would come crashing down. Their power and wealth would be swept away. This is why it is so vital for them to create the illusion of recovery. Their confidence game is built upon an ever increasing flow of credit expansion. It will not work. There is no avoiding the final collapse of a boom created solely by credit expansion. Those in power will never voluntarily relinquish their grand game of pillaging the wealth of the nation, so economic collapse will be the ultimate result. They will continue to use propaganda, printing presses, and half-truths to further their agenda. But those who examine the facts will come to a logical conclusion that we are being sold a great lie.

“Half the truth is often a great lie.” – Benjamin Franklin

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 02/06/2012 - 18:33 | 2132144 respect the cock
respect the cock's picture

10mm: Remember the news story from a week or so ago about a US military unit that went on a rampage, and went from house to house gunning down entire families, yet it was decided that no charges would be filed against them? These same men, when they return home {if they have'nt allready}, will find work in local police departments. That should scare the shit out of everybody.

 

Bull fucking shit.  Even if they do pursue a career in law enforcement, they will be submitted to and have to pass a background check, psychological exam, and polygraph.  Good fucking luck with that.  I have a friend and USMC vet with DD-2214 papers who has been trying to get on for YEARS and can't meet the minimum requirements because he smoked a few joints in high school. 

Also this:

http://www.heraldnet.com/article/20111224/NEWS01/712249962

Mon, 02/06/2012 - 23:54 | 2132869 Cathartes Aura
Cathartes Aura's picture

they sound like careerists - no doubt they'll be considered prime for mercenary employment, be it abroad or back in the homeland - private thuggery is all the rage now. . . literally.

Mon, 02/06/2012 - 16:49 | 2131747 ThirdCoastSurfer
ThirdCoastSurfer's picture

My favorite is the rise in Durable Goods Orders after expiration of the 100% deduction for 2011. For all the BS about corporate tax avoidance, January's Cap-Ex stats really takes the bread and leaves only cake. You spend only what you got to spend only when you gotta.  

Mon, 02/06/2012 - 16:52 | 2131761 DogSlime
DogSlime's picture

I think the only people left who feel "good" about the state of things are the elite, the politicians they control and the MSM mouthpieces for the elite.

Everyone I know is utterly pessimistic and utterly disillusioned with the leadership (UK), the media and above all the banks and big corporations.

There are fewer and fewer "believers".

I think people are waking up to the fact that they have been lied to and are being lied to.

Better late than never?

Mon, 02/06/2012 - 16:52 | 2131762 lolmao500
lolmao500's picture

For the sheeple : there was a superbowl = there's a recovery!

Mon, 02/06/2012 - 16:52 | 2131769 TheObsoleteMan
TheObsoleteMan's picture

TooBearish; Don't make the mistake of equating the health of the economy with Wall Street and the market. That is a novice mistake. If anything, that should tell you something is VERY WRONG.

Mon, 02/06/2012 - 17:16 | 2131873 TooBearish
TooBearish's picture

So Sorry I think I hafta agree with the Ivy League economists out there who have proof that the multipler effect on multi million $$ baby banker bonus's aided by parbolic asset prices, help everyone down the food chain and 2012 is gonna be a whopper...

Mon, 02/06/2012 - 16:57 | 2131791 johnjkiii
johnjkiii's picture

Gosh, I will have to think about, like, how I, like, feel about this.

Mon, 02/06/2012 - 17:08 | 2131842 rsnoble
rsnoble's picture

Every manipulated market in history thus has ended in a bad way. This will be no different. Technology (hft, digital zeros etc) allows them to manipulate it even longer.  The 99% are being dragged, kicking and screaming the entire way(or at least us at ZH) to the mountain top.  It looks like a soft landing below in all the white bubbly clouds.

Mon, 02/06/2012 - 17:16 | 2131856 jmc8888
jmc8888's picture

It is funny though how people don't understand that while a reset would bring pain to all, there are ways to focus it where it belongs, onto the charlatans of Wall Street.  It's not about being Austrian. It's not about being Keynesians.  Both are wrong.

You can be for the great reset, and not for brtual austerity.  You can have both, and even with both, have pain...but not the kind that kills the 99 percent.  Brutal austerity does that. 

No, austerity isn't being able to buy a 72 inch 3dtv.  Unacceptable austerity that kills is the water/gas/electricity not working, or the fire department consolidating five stations into one, allowing starvation, so on and so forth. 

We can lets the banksters hang and keep the food stamps.  Because it wasn't the food stamps that got us here.  This is where Austrianism fails.  It confuses people into believing that things like food stamps cause the problem, rather than realize that such high levels are nothing more than a reactionary symptom to an underlying problem which is much, much greater.

Austerity for Wall Street, and food for the people. 

You can create the credit for wealth creating projects.  You can do that, and we must do that.  Not doing this, can be labeled, austerity, and the rationale is, we don't want what happened to happen again...except creating credit for wealth creating projects doesn't play a part in this, thus there is no reason not to do this, except for blind, (like a keynesian now) ideological reasons.

There is going to be lots of funny money removed from the system, but even some of the funny money, gets used properly.  Thus when you turn off the spigot, you'll destroy the needed entities, unless you have an alternate means of credit for them.  Austerity Austrian style, means these entities go away.  Which of course to allow it to happen is as stupid a reason as any Keyneisan action.

Deflating back to reality will still happen.  You don't need to crush everything for the sake of an ideological point. 

There are things that should be collapsed, and some we know need its capacity to survive.  You can control the collapse by focusing on collapsing the fraud, while supporting the real. Attempting to do otherwise is again as stupid as any Keynesian reason they do something.

The key thing is supporting the real and collapsing the fraud.  Because it was the supporting of fraud, and the neglecting of the real that got us here.  It wasn't food stamps, or unemployment, or even medicare/social security.

No one ever says, what would these funds look like if the fraud wasn't around? If wages weren't kept down by the aura of the BLS statistics.  Because not only did it keep wages down, but also SS collections all these years.

It's always been about the fraud.  It's always been that people need to hold to an incorrect failed ideology (monetarism) that is inherently anti-american.  Ditch the fraud. Ditch the monetarism.  Focus on what's important, the real economy and the science drivers that propel them to higher orders of efficiency and power.

We don't need to ditch one tyrant for another.  Realize what we can actually do.  We ARE capable of destroying the fraud, while keeping the real, and any action should focus on that.  This doesn't mean you bail out positions,  but you have a mechanism in place, to keep the capacity there and in operation, and don't let subcuumb that which allows us to exist for the sake of attempting to prove and ideolgical point that won't be proven even if the desired results of said ideology transpire to occur about said company x.

Focus the collapse.  Focus the austerity on the frauds. Create credit for wealth creating projects.  You see prices come down.  Frauds wiped away.  Everyone takes a hit, but on the things that don't matter. You sacrifice none to incorrect ideology.  Physical investment increases.  Real progress begins again. Focus on fusion, mag lev, machine tools, desalinization, so on and so forth.

One side says employment is growing via their fraudulent statistics.  The other side is convinced food stamps (and like programs) is how we got here. (or they both happened but even without the fraud, this would've caused it)  Both are wrong.  When things collapse, if you haven't attempted to control it, one side of idiots, will enforce their 'wrong' ideology driven decisions upon you.   The only question is...which ideological idiots will incorrectly run things?

It all boils down to this question that we should ask about everything.  Is it fraudulent or does it create real wealth?  Space program creates wealth.  MERS does not.  Desalinated water? Yes.  Banking derivatives on oil? No. 

Control the collapse the best you can, based on what's real.

 

 

Mon, 02/06/2012 - 17:47 | 2132001 rsnoble
rsnoble's picture

Of course the whole problem with your theory of "do what's good for the little people" is the problem; bankers own the politicians and these bastards will let you go with no electricity and literallys starve before they lose out.  I don't see a way out of this until critical mass, at which point there will be no lube, or anything resembling it, left on store shelves anywhere on the planet.   These sob's need to be dealt with. I have a feeling protests are going to start up nicely this spring however they need to shift the focus to wall streets enablers: the FED.

Mon, 02/06/2012 - 17:19 | 2131889 solgundy
solgundy's picture

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.” – Ludwig von Mises

 

the final act has a date, Oct 1,2015

 

Martin Armstrong

Mon, 02/06/2012 - 17:24 | 2131915 gravedestruction
gravedestruction's picture

Where's the hyper-compounding-interest-hockey-stick graphic?

http://www.youtube.com/watch?feature=player_embedded&v=274q26tg3VE#!

Mon, 02/06/2012 - 17:31 | 2131933 TheObsoleteMan
TheObsoleteMan's picture

TooBearish: So you think that the fat cat bankers are gonna be benelovent and caring? They are going to "share the wealth"? The very wealth they stole from us in the first place? Your so foolish to believe they are going to give some of it back/ HAHAHA!! You really don't understand these people at all. They believe our money is really theirs. They just let us borrow it {at interest of course}.

Mon, 02/06/2012 - 17:45 | 2131993 TooBearish
TooBearish's picture

Absolutely, the bankers need cooks,maids and handymen not to mention the car mechanic for BMWs and Mercs- as we evolve into modern day feudalism, where the minority rules over the unwashed masses, think of the floods going to Costco to do their shopping - now thats what I'm talking about...

Mon, 02/06/2012 - 17:33 | 2131943 Flakmeister
Flakmeister's picture

An otherwise fine rant...

But...it does not even begin to examine how we got to where we are, and for that reason it fails...

 

Mon, 02/06/2012 - 17:48 | 2132005 AnAnonymous
AnAnonymous's picture

The answer: US citizenism.

All the marvellous behaviours that led to today currentstate of theworld have been widespread by US citizens who eradicated any form of diverse opposition.

Mon, 02/06/2012 - 18:36 | 2132113 akak
akak's picture

The only answer to duplicitous, running dog chinese citizenism is 1000 nuclear bombs.

When rabbit-breeding Chinese citizenism is eradicated from the face of the earth, only then can a healthy and sustainable world be established, free from the scourge of spitting, nose-picking, roadside shitting, Tibet invading Chinese citizenism citizens.

Mon, 02/06/2012 - 18:40 | 2132168 gravedestruction
gravedestruction's picture

scwewy wabbit-bweeding wabbits

Mon, 02/06/2012 - 19:19 | 2132267 akak
akak's picture

I guess the Chinese citizenism nation feels compelled to breed like rabbits in order to keep up with the tens of millions starved or killed by "Great Leaps Forward" and "Cultural Revolutions" and the various purges to which the crypto-fascist Chinese regime has regularly subjected them.

Mon, 02/06/2012 - 17:47 | 2131998 nyse
nyse's picture

oops.

Mon, 02/06/2012 - 18:25 | 2132124 Stuck on Zero
Stuck on Zero's picture

Cool.  With a two party political system we are creating a four bank financial system, for a one-world government!

Mon, 02/06/2012 - 18:28 | 2132136 W10321303
W10321303's picture

I predict that in order to 'reduce the excess population' the most powerful crime family of all, the hydro-carbon mafia, will increase "fracking" for gas so they can poison the drinking water for millions of Americans.  This will cause an earthquake that will damage a certain nuclear reactor very close to our least favorite STREET in America which will set off THE ultimate panic. Then they can use thier media pimps and sluts to get everyone behind their pipeline "to create more jobs" (sic) which will then explode or be destroyed by what are increasingly becoming 'not so freakish' weather events. This will lead to more poisoning of the population's drinking water, thus further "reducing the excess population". If you think I am trying to be funny then consider the following. Yesterday on Aljezera they showed footage of a massive off-shore natural gas FIRE caused by the explosion of a drilling rig owned by CHEVRON. It's been burning for THREE weeks. Last year, North America had 17 $1billion or more in estimated damage 'weather catastrophes'. The previous average was between 2-4. The current winter I am enjoying so much and the people in Alaska and big parts of Europe are not enjoying so much, is caused by above-normal temperatures over the N. Pole pushing all the cold air that should be up there South. (For a cogent and SCIENTIFIC explanation go to weatherunderground.com/blog by Dr. Jeff Masters) So relax folks. IF the International Plutocracy succeeds in their 'muddle-through' policy the situation that organic life faces on this planet is still MUCH worse than you might realize. The funny money mafia isn't half as dangerous as the people who have brought you the increasingly toxic and deadly environmental crisis. I hope your FACEBOOK God (obsession?) is making you happy. I will leave you with this nice little verse.   " Is that all there is, Is that all there is my friend? Then let's go dancing, and break out the booze, and have a BALL!

Mon, 02/06/2012 - 19:13 | 2132249 Milestones
Milestones's picture

An old Peggy Lee song.        Milestones

Mon, 02/06/2012 - 18:38 | 2132163 Lost Wages
Lost Wages's picture

Pretty amazing how the market can support itself 100% on lies.

Mon, 02/06/2012 - 18:48 | 2132197 Dermasolarapate...
Dermasolarapaterraphatrima's picture

Thorough, accurate and complete. Thanks!

Mon, 02/06/2012 - 18:57 | 2132215 Meta Fundamentalist
Meta Fundamentalist's picture

A long and interesting interview with John Williams of www.shadowstats.com.

http://www.shadowstats.com/pdf/779-626538446.pdf

 

 

Tue, 02/07/2012 - 00:08 | 2132895 Olympia
Olympia's picture

 

Global Debt Crisis

The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...

Authored by PANAGIOTIS TRAIANOU

 

Tue, 02/07/2012 - 07:00 | 2133323 DrunkenMonkey
DrunkenMonkey's picture

Good article.

People worldwide are slowly waking up to the lies we've been sold and once awake, they will make the backlash after we found out that WMD's in Iraq was BS seem quite tame. 

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