Guest Post: Psychopathic Economics 101

Tyler Durden's picture

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trav7777's picture

The Congressman didn't make the trades, but they just told someone who told their financial advisor.

That's how it works.  I have a business relationship (not voluntary) with someone who did a stretch in Federal prison for bribery; these people were in the business of putting money into the pockets of these fuckers.  There is a TON of shit going on in DC and it's crooked as shit and the reported wealth of these assholes is just the tip of the iceberg.

MurderNeverWasLove's picture

All I want for Christmas is for the ZH folks to occupy the official occupy forum for a spell:

If for no other reason, entertainment purposes.

Lednbrass's picture

Out of curiousity I admit I had to take a look.

What a stunning display of stupidity and flat out insanity, if this is indeed the OWS crowd they are even bigger ignoramuses then I had feared.

Careless Whisper's picture

The Careless Whisper Sunday Update & Connect The Dots


US Gov Openly Admits Laundering Cartel Drug Money

FLASHBACK: WellsFargoWachovia Admits Laundering $378 Billion (with a B) In Drug Money

FLASHBACK VIDEO: Geraldo Rivera Interviews Marines Protecting Poppy Crop

Nevada Attorney General Refuses To Arrest Pair Charged With 200 Felony Counts In Robo-Signing Bank Fraud; Key Witness Found Dead, No Suicide Note

Grandma With Defribrillator Furious At TSA Lies

NY Real Estate Developers Award "Public Servant Of The Year"; Police Commish Ray Kelly

Latest Poll; Ron Paul In Second Place Ahead Of Mitt Romney, Fat Pig Wife Cheater Still Leads

Ft Lauderdale Cop Accused Of Dealing Drugs While In Uniform; Isolated Incident, Not Related To Two From Last Month

Misunderstanding; GM Refuses To Buy Back Chevy Volts, Meant To Say "Will Consider" 

42nd Street Going Retro Under Bloomberg; Street Drug Dealers & Prostitutes Return

VIDEO: MRI Of Female Brain During Orgasm

PHOTO OF THE DAY; Can You Identify The "Color Of The Day" That Plain Clothes NYC Cops Wore Yesterday?

VIDEO: Fat Pig Wife Cheater Candidate Has Economic Plan; Let Poor Kids Mop The Floors & Clean Your Bathroom


VIDEO: New Cadillac CTS-V Supercharged 556 hp Comes With Extra Big Air Bags (warning; may not be suitable for office)

jeff montanye's picture

yeah i came here hot and heavy to link to the dea money laundering story too.  see it has already been cited twice.  boy that ron paul is so outside serious political discourse what with his legalize drugs stuff.  crazy talk.  we need the war on drugs like we need the war on terror like we need the war on whistleblowers like we need the war on anyone who suggests bank bondholders should get anything less than every cent back of their hopelessly poor investment:

oh but collaborate in stealing a billion dollars of segregated customer funds and then bill them $900 an hour for the pleasure of watching you do it.  yes that seems about right.

trav7777's picture

NAFTA was ABOUT laundering drug money.

There were 10s of billions in the few years after the treaty that showed up in border banks that was unaccounted for.

If you watch border wars on TV, you'll see that they use ultrasound density measurement devices and routinely find TONS of paper cash going into Mexico.  The drugs come this way.

As for 42nd street, well, diversity and the homeless live there and we all know that homeless people just need a house to be just like civilized SWPLs.  So the police look the other way.  WTF do we want to do, arrest more blacks?  DATS RAYCISS ain't it?

BigJim's picture

How about  we just legalize drugs and let adults do what they want with their own bodies?

DaveyJones's picture

Nice list. Ruppert did some work in this area. Afghanistan is about making pipeline and keeping a drug line     

jeff montanye's picture

it is indeed a nice list.  note too that the nyt (finally) has an article on the explosion at the iranian missile site.

when even the nyt has to cite, essentially, the international zionist conspiracy (also known as the israel/u.s. tag team) as the cause, one can see the salubrious effects of this crazy blog and its ilk. 

mailll's picture

No. Money has been printed for hundreds of years.  This is the magic bullet that they use. As far as I know, the (money) printing press is still in service.  And it will continue to be in service to their advantage.

In Fed We Trust's picture

If the goal of 911 was the occupation of the Arab world
Then what was the primary reason for the crash/meltdown would
Occupation of your home as evidence by the Feds purchase of Freddie and Fannie Mae. A perfect hedge against the inflation they are creating.
The fed is now the biggest landlord in the US.

In Fed We Trust's picture

If the goal of 911 was the occupation of the Arab world
Then what was the primary reason for the crash/meltdown would
Occupation of your home as evidence by the Feds purchase of Freddie and Fannie Mae. A perfect hedge against the inflation they are creating.
The fed is now the biggest landlord in the US.

slewie the pi-rat's picture

leftovers + trolls = bye-bye from slewie!


In Fed We Trust's picture

Tyler, with all the knowkedge you have and with all the reporting you have done, i am surprised that you have not written a book yet.

Maybe thats the strategy, to drown us in the daily bullshit of it all, one article at a time.

And the thing to focus on the concept that derviative holders have legal precedent over stock and bond holders.

bank guy in Brussels's picture

The age of books is basically over. Books are 'cold', web journalism is 'hot' and live and much more effective.

Just look at what's happening with Karl Denninger with his web Market Ticker column, and his 'Leverage' book that just came out. Denninger is a popular web columnist (though he takes a lot of story ideas from ZeroHedge, often without attribution), but the book, well .... you can buy half-price used copies already, three weeks after it's out. Though I think it is up to approximately number 25,000 or so down from the top, on the 'best-seller' list.

The future of books is more a niche thing, the kind of book you want to keep and go back to again, for example, picture books connected with history or places or beautiful objects or a hobby you have.

When Tyler does a book, it will perhaps be a book of financially-related jokes and humour that you can go back to, and have a laugh again.



Vic Vinegar's picture

leftovers + trolls = bye-bye from slewie!


  1. leftovers - ZH covers the news better than any place around but what is really new?  We all know the direction this train is headed.
  2. trolls - look at it as a good thing.  Reading the comments section here used to take many hours, as there were long and rich discussions.  Now it's easier to skim the comments and find the voices worth hearing.  It's been a real time-saver!
  3. bye-bye - I trust it is just for tonight.  You'd be a much better ombusdman than that slew ZH designated as ombusdman about a year or so ago.  Many of us here like HL Mencken...that shouldn't automatically qualify us to moderate this site.  slewie would be a better choice than most anyone here.

Speaking of trolling and HL Mencken:

HL Mencken: A newspaper is a device for making the ignorant more ignorant and the crazy crazier.

Katy Perry: Firework

Michael's picture

TPTB did exactly as I wanted them to do for me in order to guarantee their own self destruction. It was necessary to go this route with the final solution, in order to fix a completely broken system. Complete and total worldwide economic collapse solves everything.

Matt's picture

You don't think there is a chance some of the plutocrats will emerge from the collapse with even more wealth and power?

dumpster's picture

need more Barnhardt’s and journalists like Puplava.


we have many warnings sinclair chapman Dines GATA ron Paul the list could be extended al long as a person arms and legs put together what we need is more right thinking people less inclined to believe the sh...t

 how about more folks less willing to swollow the paviolivan call for the gruel bowl.

t brain washed.... still believing in the terror threat ,

still excepting hook line and sinker the 9=11 narrative,

 the gingrich horse manure, the last election when the group stupid cried as obama was elected,  when they keep voting in the same tired old politicians

Bill D. Cat's picture

Is it too much to ask for a chick in a bikini if you're gonna take a picture of a pink gun ?

Everyman's picture

Is NOW the time we get to "shoot back"?

TuffsNotEnuff's picture

Is "we" meant to be you, me, and Martha Coakley ???

No question about it, they are thieves.

State of Massachusetts filing on the Big Five TBTF scamsters.

and this one hits the back side of it - pension fraud, etc.

Read every word of them.

In total they stole $7.3-trillion. Between the mortgage frauds and the pension-and-investment frauds.

flattrader's picture

This aired this evening...

...though the title of the double segment should have been "Not Prosecuting Wall Street."

It's been three years since the financial crisis crippled the American economy, and much to the consternation of the general public and the demonstrators on Wall Street, there has not been a single prosecution of a high-ranking Wall Street executive or major financial firm even though fraud and financial misrepresentations played a significant role in the meltdown. We wanted to know why, so nine months ago we began looking for cases that might have prosecutorial merit. Tonight you'll hear about two of them. We begin with a woman named Eileen Foster, a senior executive at Countrywide Financial, one of the epicenters of the crisis.

Read the transcript or watch the two segments.  Though Steve Kroft ties desperately to point the Department of Justice in the right direction, providing the name of a whistleblower from Countrywide who repeatedly warned management re: fraud and would not be bought off by Bankster of America the DOJ bastard just mouth platitudes and looks the other way.

cosmictrainwreck's picture

THANKS - I was gonna bring that up, simply with the following post: "BTW....did anybody get a load of that USELESS, DOUCHEBAG, PUSSY, CONDESCENDING PRICK PATHETIC EXCUSE FOR A "prosecutor/investigator" on 60 Minutes? That's what we got....25-year career be-a-good-biy and rise thru the ranks to_______ [namely, the classical un-stoppable "promoted to level of incompetence" syndrome] Just shoot me

flattrader's picture

What was amusing was that the DOJ prick pretended like he never heard of woman who was fired from CW/BOA...which was odd, since she had a major whistleblow suit against BOA and WON $1M.  You'd think he'd pay attention to those filings and decisions....and be knocking on her door since she was a former fraud coordinator/manager for CW.

I almost laughed out loud when he said he'd be happy to talk to anyone who had knowledge of wrong doing.

Tuffmug's picture

Proves the author's point that the political, legal, and economic systems  now  psychopath captured.  Now even if media exposes something, the psycopaths in control will do nothing to correct it.

Freddie's picture

Hope & Change bitchez.  I am buying junk silver, brass, lead and beans.

Caviar Emptor's picture


 I disagree, Trinity. I think that the Matrix can be more real than this world.

If you want any decent economic news cancel your cable and turn off your TV.

Freddie's picture

People who watch TV are retards as they support the elites with their viewership.

Gidas19's picture

I disagree, because I was watching CNBC today and they told me not to listen to people iike you...

nmewn's picture

Peter Schweizer wrote the book “Throw Them All Out” and in this super audio he and Jim Puplava detail how the “permanent political class enriches itself at the expense of the rest of us.”

In the United Banana Republic of America, if you’re a really powerful ex-senator and current elitist you can rob your clients of $3,000,000,000 and not go to jail or even be investigated.  All you have to do is bribe the president puppet with a $35,000 plate fundraiser and the mega banksters lawyers will take over the courtroom and argue with those trying to protect the clients who got screwed."

Highly recommend this well as Morgenson-Rosners "Reckless Endangerment".

TuffsNotEnuff's picture

The total is $7,300,000,000,000.

$1.6-trillion for bogus subpriimes.

$0.5-trillion for bogus prime-rate mortgages.

$5.2-trillion for CDO pension/investment fraud and the "synthetic ownership" misuse to hide bribery-driven-"AAA" based CDS scams.

The $3-billion scams are lunch money for these gangsters

Btw: google - florence cioffi vehicular manslaughter - if you really want to tempt nausea..

TuffsNotEnuff's picture

They are thieves.

Faking the Sarbanes-Oxley reports is in there, too. Along with forging the mortgage papers and selling the "Abacus Class" shit-paper frauds.

They are thieves.

Tell me the CITI whores weren't physically intimidated by Angelo "It's me!" Mozilo.

Any system can be turned bad. American financial capitalism did it in spades.


Jack Burton's picture

It's guys like this that will be the first to be carted away to a secret CIA torture prison in Poland and held for life with no access to the criminal justice system. The Government has it's masters to serve and trouble makers who rain on the 1%'s parade must be made to pay the ultimate price.

Come on, we live in the free country of America, we are free, the economic system is a free and fair market place open to all who want to work hard and create jobs and prosper. It is people like the writer who hate us for our freedoms and thus try and bad mouth the leaders of the free world and the obviously free and prosperous job creators who run American business.  The system is of, by and for the people. We maintain a military to fend off the haters of our freedoms. Our secret services work to prevent freedom haters from attacking the system that provides freedom and justice for all. The way some people talk, you would think that evil forces had highjacked the constitution and the democratic justice system and the free market.


akak's picture

War is Peace

Freedom is Slavery

Ignorance is Strength


And, I would add:


Obama leads the USA

Fair and open American Elections

Fox News


Dburn's picture

You need to put snark in there, for us dumb-asses who might think your fucking serious.

Tuffmug's picture

Either you forgot to add SARC ON/ to your post or you have outted yourself as one of the psychopaths.

williambanzai7's picture

Congress is working on passing a connect the dots law. If you connect to many dots, you can be incarcerated indefinitely with citizenship revoked.

Gidas19's picture

Can they revoke the citizenship that I dont have?

BigJim's picture

They'd never revoke citizenship - that would mean no more taxation!

apberusdisvet's picture

The NRA should put out a memo to all members that "if they come without a warrant, shoot first and worry about the consequences later".  If enough signed on to this, maybe the psycho-sociopaths would have 2nd thoughts.  Or maybe not.

Freddie's picture

Sadly the NRA back a lot of Democrats last election.  Not that Repubs are not much better but their leader is not an Islamic.  Gun Owners of America is better than the NRA.

Lednbrass's picture

While GOA may be better, NRA shouldnt become an organization that only backs the repubs- that would be stupid.  They are a one trick pony  (2nd amendment) and have been effective that way, refusing to back dems who are pro-gun ownership would be short sighted and stupid.

economics1996's picture

Dr. Sherman this crap has been going on since the early 20th century.  Write about the fraud in economic text books like I do and cut the self righteous crap.  If you expose the fraud taught to college students at least you are doing something productive.  Tyler should ask me to write a post about fiction taught to our students creating mounds of intellectual shit like Obama running the country into the ash heap of history.

Then again I am just another fucking red neck with too much education for my own good.

Shit like this I wrote about.  Just another dumb red neck.

rambler6421's picture

tyler durden found this article on financial sense.