• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Guest Post: Two Words - Screw That

Tyler Durden's picture




 

From Simon Black of Sovereign Man

Two words: Screw that.

Friedrich von Hayek, a major figure in the Austrian school of economics, wrote in his seminal work the Road to Serfdom,

“By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable.”

It’s hard to ignore Hayek’s prescient warning when you hear about the US government’s newest (and 17th) spy agency that it wants to roll out… because hey, 16 spy agencies just isn’t enough.

Or the Transportation Security Administration ‘aggressively screening’ a 7-year old girl with Cerebral Palsy at JFK Airport in New York (causing the family to miss their flight)… and then later issuing a statement defending its agents’ actions.

Or Congress authorizing the IRS and State Department to revoke US citizens’ passports on suspicion of tax delinquency; as of last week, the bill has passed both the House and Senate, and is now awaiting a final agreement before going to the President for signature.

Then there was the National Defense Resources Preparedness executive order that President Obama signed last month– an order which gives the federal government autocratic power to seize and redistribute all agricultural resources in the event of a national emergency.

When you step back and look at the big picture, the writing on the wall seems so clear, so obvious. In Western Europe and the United States in particular, bankrupt, insolvent governments will resort to any means necessary in order to maintain the status quo: keeping them in power at our expense.

This means continuing to reduce personal liberty, eliminate economic freedom, vanquish privacy, debase the currency, stifle innovation, eradicate financial opportunity, and destroy the savings and livelihoods of millions of people.

These tactics are not new, this time is not different. Empires on the slide have always resorted to cannibalism– feeding off the productive class in order to keep the party going a little while longer.

In the fourth and fifth centuries (AD), for example, the Western Roman empire resorted to centrally planned labor allocation, price fixing, rapid currency devaluation, capital controls, civil asset forfeiture, and tax rates that were so high that the few citizens who remained welcomed the invading barbarian hordes with open arms.

Most of the smart, productive Romans had already moved on to greener pastures long before. As the situation worsened, more and more people began to leave until there was a mass Exodus of over 90% of western Rome’s population in its final decades.

Similarly, the Ottoman Empire, having reached the zenith of its expansion in the 16th century, established a massive, unsustainable bureaucracy that was far more costly than any other administrative hierarchy in history, including Rome’s.

Soon Ottoman bureacrats began to see the people as existing to provide them with position… rather than their position existing to support the people. Sound familiar?

Huge spending in the Ottoman Empire gave way to a massive public debt (on which they defaulted in 1875), which eventually begat currency debasement, inflation, an absurd tax system, and a substantial reduction in civil liberties.

History shows that freedom is almost always the price that societies pay to maintain the status quo and keep their rulers in power. When the system finally collapses under its own weight, though, things can go from bad to worse as the people cry out for CHANGE.

The French, for example, traded an absolute monarch in Louis XVI for an absolute dictator in Robespierre. Similarly, the Russians traded the empire of ‘Bloody’ Tsar Nicholas II for the Red Terror of Soviet Russia.

As the Russian Marxist revolutionary Leon Trotsky said in 1937, “The old principle of ‘who does not work shall not eat’ has been replaced by a new one– who does not obey shall not eat.”

Two words: Screw that.

Everybody has a choice to make. On one hand, we can either bury our heads in the sand, pretend that everything is OK, and continue being the boiling frog in the pot… just like the poor schmucks who stuck around Rome until the 5th century getting taxed out of their minds and watching their livelihoods inflate away.

On the other, we can recognize that the rise and fall of empires is part of history’s normal cycle… that it’s been happening for millennia, and this time is no different. We can look to the rest of the world and understand that, for all of the turmoil, this is one of the most exciting times to be alive and that the world is full of incredible opportunities.

Just like the Romans who left for Byzantium, the Ottomans who left for Europe, the Europeans who left for North America, there are always regions in the world that are rising while others are falling.

It’s the people who get there first after acknowledging reality and basic historical truth that can reap the greatest reward.

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 05/01/2012 - 13:36 | 2388650 Sudden Debt
Sudden Debt's picture

A bit like "for every drugsdealer they bust, anotherone steps up"

Tue, 05/01/2012 - 13:41 | 2388668 ratso
ratso's picture

Simple Simon's absurd historical analogies are laughable at best.  Do they deserve printed space? No

Tue, 05/01/2012 - 13:55 | 2388704 hedgeless_horseman
hedgeless_horseman's picture

 

 

Two words: Screw that.

I agree.  I am staying in Texas where we have plenty of room for a seventh flag.

Down here we know how to change horses in the middle of a race.

Tue, 05/01/2012 - 14:03 | 2388726 Jonas Parker
Jonas Parker's picture

"If at first we don't secede, try, try again!"

 

(and how about this for the 7th flag?)

Tue, 05/01/2012 - 14:11 | 2388737 hedgeless_horseman
hedgeless_horseman's picture

 

 

Amen...and they don't even count the Stars and Bars.

http://www.texassecede.com/

Tue, 05/01/2012 - 16:10 | 2389190 Lost My Shorts
Lost My Shorts's picture

Oh puhleeeze ... any talk of Texas seceding is "all hat and no cattle" as they say. 

Tue, 05/01/2012 - 17:25 | 2389423 DosZap
DosZap's picture

Oh puhleeeze ... any talk of Texas seceding is "all hat and no cattle" as they say.

Secession aside, it will not even be a necessity if it gets that bad............remember this, there are more than ONE group of Americans that are called sheeple.

 And they damn sure are not ALL the same.

Some Sheeple are just ignorant,and indiffernet as long as they are not being harassed,(too busy living their lives, and getting by,rasing families and working their asses off) when they see it coming for them and theirs, MANY of these Sheeple will grow teeth.

Tue, 05/01/2012 - 18:19 | 2389518 Jreb
Jreb's picture

Exactly. +1

Tue, 05/01/2012 - 20:21 | 2389751 ndotken
ndotken's picture

And there are plenty of us who just don't give a shit anymore.

Tue, 05/01/2012 - 15:35 | 2389050 The Big Ching-aso
The Big Ching-aso's picture

 

 

I hereby give you a TBC high-five endorsement for that pun.

Tue, 05/01/2012 - 14:42 | 2388852 GOSPLAN HERO
GOSPLAN HERO's picture

The Bonnie Blue Flag

We are a band of brothers and native to the soil
Fighting for our Liberty, With treasure, blood and toil
And when our rights were threatened, the cry rose near and far
Hurrah for the Bonnie Blue Flag that bears a single star!

Chorus:
Hurrah! Hurrah!
For Southern rights, hurrah!
Hurrah for the Bonnie Blue Flag that bears a single star.

2. As long as the Union was faithful to her trust
Like friends and like brethren, kind were we, and just
But now, when Northern treachery attempts our rights to mar
We hoist on high the Bonnie Blue Flag that bears a single star.

Chorus

3. First gallant South Carolina nobly made the stand
Then came Alabama and took her by the hand
Next, quickly Mississippi, Georgia, and Florida
All raised on high the Bonnie Blue Flag that bears a single star.

Chorus

4. Ye men of valor gather round the banner of the right
Texas and fair Louisiana join us in the fight
Davis, our loved President, and Stephens statesmen rare
Now rally round the Bonnie Blue Flag that bears a single star.

Chorus

5. Now here's to brave Virginia, the old Dominion State,
With the young Confederacy at last has sealed her fate,
And spurred by her example, now other states prepare
To hoist high the bonnie blue flag that bears a single star.

Chorus

6. Then cheer, boys, cheer, raise a joyous shout
For Arkansas and North Carolina now have both gone out,
And let another rousing cheer for Tennessee be given,
The single star of the Bonnie Blue Flag has grown to be eleven.

Chorus

7. Then here's to our Confederacy, strong we are and brave,
Like patriots of old we'll fight, our heritage to save;
And rather than submit to shame, to die we would prefer,
So cheer for the Bonnie Blue Flag that bears a single star.

Chorus

Tue, 05/01/2012 - 19:20 | 2389631 buzzardsluck
buzzardsluck's picture

Sums up my feelings on this issue, but sadly Texas is being filled with more and more sheeple that are bringing their shitty ideas here (not that we don't produce our own homegrown fucking morons, lamar smith, jeff wentworth, perry, etc).  Regardless, I plan on dying here even if it's a Alamo type situation.

Tue, 05/01/2012 - 14:19 | 2388787 AnAnonymous
AnAnonymous's picture

Simple Simon's absurd historical analogies are laughable at best.

____________________________________________

Indeed. It is what you get when a country that started by proclaiming freedom based on human condition while maintaining slavery.

Multiple personality disorder.

Romans feasting on the productive class in 3 and 4th?
And before? Because living off slave work is not feasting on the productive class.

Funny how US citizen perception of reality is so distorted.

Tue, 05/01/2012 - 15:10 | 2388935 akak
akak's picture

 

Funny how US citizen perception of reality is so distorted.

Funny how denialistic, blobbing-up, rabbit-breeding, Tibet-raping, totalitarian, "Do as we say not as we do" hypocritical Chinese Citizenism perception of reality is so bigoted, prejudiced, blinkered, psychotic, malignant, pernicious and distorted.

Tue, 05/01/2012 - 15:18 | 2388966 tmosley
tmosley's picture

"All men are to be judged by the actions of their forefathers, and of thier governments.  The individual does not exist."

Talk about distorted realities.

Tue, 05/01/2012 - 18:04 | 2389491 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

It is what you get when a country that started by proclaiming freedom based on human condition while maintaining slavery.

Multiple personality disorder.

That sort of absurdity is a perfect description of the Peoples Republic of Chinese citizenism. Chairman Mow See Dung proclaimed "liberation" of the Chinese people, who then had to endure under the new regime of Chinese citizenism, meaning the forced worship and obedience of Chairman Mow.

Chinese people "liberated" into slavery by Great Chairman Mow Leaping Forward.

But hey, distorted Chinese citizenism perception of reality can glorify anything.

Except self indiction...

 

Tue, 05/01/2012 - 19:17 | 2389628 Moe Howard
Moe Howard's picture

Roadside shitting, nose picking in a nutshell.

Tue, 05/01/2012 - 13:38 | 2388660 Dapper Dan
Dapper Dan's picture

That's great Simon but look at this,

Dow soars to 4-year high

May 01 12:53pm:

U.S. stocks rallied Tuesday as investors welcomed a rise in U.S. manufacturing activity and digested a mixed batch of corporate earnings More

4 year high, now that deserves a screw that!

Tue, 05/01/2012 - 13:53 | 2388705 HD
HD's picture

I would say "unbelievable" but it isn't anymore. Fundamentals and common sense are worthless now and the only fools are guys like me that believe reality will return to the markets anytime soon.

I'm getting tired of fighting this.

Tue, 05/01/2012 - 14:01 | 2388715 hedgeless_horseman
hedgeless_horseman's picture

 

 

What do you think all equity markets do during inflation?  They go up in NOMINAL terms.  You act like it is some unexpected event...a mystery.  Ever heard of Zimbabwe?

It isn't ever easy being a bear during inflation.

Real versus nominal returns; figure it out for crying out loud!

Tue, 05/01/2012 - 13:59 | 2388723 Benjamin Glutton
Benjamin Glutton's picture

relax...it's just the the 'markets' trying to acknowledge devalued currency without alerting the sleeple.

Tue, 05/01/2012 - 14:05 | 2388742 Widowmaker
Widowmaker's picture

More like robbing the vulnerable two generations deep.  Savers, prudent and risk averse are all fucking slaughtered.

No one sees it coming!

 

 

Tue, 05/01/2012 - 13:39 | 2388662 GeneMarchbanks
GeneMarchbanks's picture

'Just like the Romans who left for Byzantium, the Ottomans who left for Europe, the Europeans who left for North America, there are always regions in the world that are rising while others are falling.'

Where are you going to go exactly? Jesus, this heroic portrayal of despotism and escape from oppression is endless with you fucking people. Just tireless nonsense along with perpetual victimization.

Dismal.

Tue, 05/01/2012 - 14:11 | 2388765 XitSam
XitSam's picture

Free Lunar Colony.

Tue, 05/01/2012 - 14:21 | 2388797 AnAnonymous
AnAnonymous's picture

Was in US citizen plan.

NASA slogan: pioonering the new frontier or something.

Tue, 05/01/2012 - 14:44 | 2388871 moondog
moondog's picture

Hello Chi-Com propaganda bot.

01100110 01110101 01100011 01101011 00100000 01111001 01101111 01110101

Tue, 05/01/2012 - 17:56 | 2389479 GeezerGeek
GeezerGeek's picture

I dare you to say that in EBCDIC. And personally, I prefer unicode.

Tue, 05/01/2012 - 18:55 | 2389589 BigJim
BigJim's picture

"10000110 10100100 10000011 10010010 01000000 10101000 10010110 10100100"

as our IBM cousins would say.

Tue, 05/01/2012 - 21:42 | 2389883 Umh
Umh's picture

I knew I kept that green card for some reason.

Tue, 05/01/2012 - 15:28 | 2389016 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

NASA slogan: pioonering the new frontier or something.

Star Trek television show was not real being is.

Connection NASA between Star Trek television show being fantasy construction of Chinese citizenism strawsmanism.

 

Tue, 05/01/2012 - 20:29 | 2389769 Phil Free
Phil Free's picture

Yoda says, regarding the forming of cognizant English sentences, "Help you I will not."

Tue, 05/01/2012 - 15:42 | 2389072 akak
akak's picture

 

NASA slogan: pioonering the new frontier or something.

/////////////////////////////////////////////////////////////////////

Chinese Citizenism Citizens:

The pioonering parangons of canibilistic blobbing-up.

Chinese Citizenims slogan: "Do as we say, not as we do!"

Chinese Citizenism citizens' nature is infernal.

Tue, 05/01/2012 - 14:35 | 2388845 JPM Hater001
JPM Hater001's picture

Will Newt be there?

Tue, 05/01/2012 - 17:49 | 2389467 XitSam
XitSam's picture

No. In Free Lunar Colony, you pay for your air by working for it. Jaw-boning freeloaders and politicians need not apply. TANSTAAFL.

Tue, 05/01/2012 - 17:59 | 2389480 GeezerGeek
GeezerGeek's picture

Moonchelle is such a harsh mistress!

Tue, 05/01/2012 - 18:36 | 2389559 Ricky Bobby
Ricky Bobby's picture

Hey douchMarch, who is "you fucking people"

Tue, 05/01/2012 - 13:40 | 2388664 LawsofPhysics
LawsofPhysics's picture

"Just like the Romans who left for Byzantium, the Ottomans who left for Europe, the Europeans who left for North America, there are always regions in the world that are rising while others are falling."

 

While I agree with the general premise of the article and this statement, precisely where is this new promised land?  As far as I can tell every single government is and has been directly monetizing debt or manipulating their currency for some time now.  FAIL

Tue, 05/01/2012 - 14:18 | 2388784 DollarMenu
DollarMenu's picture

IMO, "The New Promised Land" is right in front of your face, you just do not see it.

If you don't want to deal with the TSA, DON'T FLY.

A month of no one using the airlines would stop that crap cold.

Still banking with TBTF? 

Still using the TBTF issued credit and debit cards?

If so, you have no one to look at but yourself.

Hate the news, but stll paying cable bills so it's delvered steaming hot to your flatscreen?

Where's the mirror -use it when you complain.

If all would just sit down, in place, and do nothing for a month you'd see your new promised land.

Tue, 05/01/2012 - 16:30 | 2389237 machinegear
machinegear's picture

Can I still have a Value Fries?

Tue, 05/01/2012 - 16:55 | 2389329 LawsofPhysics
LawsofPhysics's picture

You make a lot of assumptions about me.  All of which are incorrect.  Won't be successful in this life with that approach.

Tue, 05/01/2012 - 19:03 | 2389601 Irwin Fletcher
Irwin Fletcher's picture

You probably think that privacy is for people with something to hide.

Tue, 05/01/2012 - 19:02 | 2389596 BigJim
BigJim's picture

 IMO, "The New Promised Land" is right in front of your face, you just do not see it.

If you don't want to deal with the TSA, DON'T FLY.

A month of no one using the airlines would stop that crap cold.

Still banking with TBTF? 

Still using the TBTF issued credit and debit cards?

If so, you have no one to look at but yourself.

Hate the news, but stll paying cable bills so it's delvered steaming hot to your flatscreen?

Where's the mirror -use it when you complain.

If all would just sit down, in place, and do nothing for a month you'd see your new promised land.

But... I did all those things (actually for two months) and nothing happened! The system continued!

O, wait! That's right! It will only get results if scores of millions of other people, over whom I have absolutely no influence, do it as well.

Moron. Next I suppose you'll be advising individuals to single-handedly elect Ron Paul.

Tue, 05/01/2012 - 19:23 | 2389634 Moe Howard
Moe Howard's picture

I am with you brother. These same people have a Chase banana bank card, freak-quent flyer miles and the max-e-moe cable bill.

We are in the promised land, we have to take it back.

Don't fly, don't credit card, don't cable, vote with your money. Buy AG, AU and PB. Don't forget clean food and water.

Thu, 05/31/2012 - 19:58 | 2481768 WallowaMountainMan
WallowaMountainMan's picture

"If all would just sit down, in place, and do nothing for a month you'd see your new promised land."

agreed. 100%

99% slow down. 1% suffocate. beyond infinity.

 

Tue, 05/01/2012 - 14:23 | 2388806 Mad Max
Mad Max's picture

Simon seems to like Argentina... truly a bastion of human rights and private property protection.  Prosperity and low crime too.

Tue, 05/01/2012 - 15:30 | 2389027 duo
duo's picture

Simon, answer the question.  What if 0.1% of us, 300,000 people want to GTFO?  Where would we go?

Assume that we are not rich enough to buy our own island.

Tue, 05/01/2012 - 19:56 | 2389706 USKiwi
USKiwi's picture

The alarm bells are ringing but very few are listening and even fewer are willing to do what it takes and leave while the option still exists.  When the time comes that it becomes obviously apparent to everyone that they should be leaving the US, the option to do so will no longer exist either because the US will prevent you from leaving or no other country will take you.

There are countries all over the world with their doors wide open if you are willing to go.  We picked New Zealand and we did not have to be rich to move here.  They have their doors open for now, but I suspect as native kiwi's currently living abroad come home (this process has already slowly started BTW) the doors to immigrants will slam shut.

Tue, 05/01/2012 - 16:23 | 2389219 Slipmeanother
Slipmeanother's picture

Jim Rodgers left for Singapore---get moving!

Tue, 05/01/2012 - 13:46 | 2388676 Seize Mars
Seize Mars's picture

He's right, one owes it to oneself to think this through carefully, while there's still time.

Edit: I don't think he is saying there is a perfect place to escape to. I think he is saying this is an obviously dangerous place to be.

Tue, 05/01/2012 - 14:00 | 2388725 Thadius T. Crunk
Thadius T. Crunk's picture

By "this is a dangerous place" do you mean this planet?

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