Guest Post: Is The US Monetary System On The Verge Of Collapse?

Tyler Durden's picture

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wretch's picture

With everything but, "Social unrest spreads, with the public paradoxically demanding that governments do more, not less."

When social unrest reaches this country, it won't be about reform.

Fish Gone Bad's picture

When there is a currency crisis, people run out and spend all the money they have to buy things that are actually valuable.  The saying, "Got gold?" is probably better said as, "Got food?".  As always, plan ahead.

FEDbuster's picture

Don't forget "Got Guns?" and "Got Ammo?" to protect your gold, food, water, etc...

Michael's picture

Just watch this shit if you want to know everything that is fucking wrong with our country and the rest of the fucking world.

best of walstreetpro2 (greatest fuckin hits) - 1 of 3

http://www.youtube.com/watch?v=4k4xPUZRdC0

best of walstreetpro2 (greatest fuckin hits) - 2 of 3

http://www.youtube.com/watch?v=LyE1GoPtLyI

best of walstreetpro2 (greatest fuckin hits) - 3 of 3

http://www.youtube.com/watch?v=Qd0m_bN2qdY

nmewn's picture

Hush little baby, don't say a word...Papa's gonna buy you a mockingbird...

jeff montanye's picture

what do we make of the fact that on the graph of deficit as a percent of gdp the lonely surpluses of the second clinton administration are clearly giving the left-handed finger to the observer?

eisley79's picture

maniacresearcher's actual identity possibly discovered lol:

 

http://twitter.com/#!/designerdean

eisley79's picture

and today he deleted his account :D 

 

guess its harder to talk trash when people know who you are....

**EDIT

Maniac Researcher:

http://www.zerohedge.com/users/maniac-researcher

 

Maniac Researcher:

http://www.google.ca/search?source=ig&hl=en&rlz=&q=Dean+Kujala&oq=Dean+K...

 

Maniac Researcher:

http://www.google.ca/search?hl=en&q=Dean+Kujala+411&oq=Dean+Kujala+411&a...

 

Maniac Reseacher:

http://twitter.com/#!/designerdean

 

Maniac Reseacher:

http://a1.twimg.com/profile_images/533293118/me2_june-06_12_reasonably_s...

 

OWNED

Hurdy Gurdy Man's picture

... and if that mockingbird don't sing / Papa's got an AR-15 for it's right wing...

 

CosmicBuddha's picture

I have just watched the first video. I was drinking a cup of coffee at the time and it was all I could do to stop myself spraying coffee all over my PC screen: that was the funniest thing I have seen in years! Superb, that gets a triple A rating from me.

Snidley Whipsnae's picture

Too funny Michael... But, he could have left off the sugar coating and told us what he really thinks. :)

 

jdelano's picture

blow + oxy + jack n' coke + north Florida redneck = fucking hilarious.  Where is that, Jacksonville?

lolmao500's picture

It will be about ``WHERE MY ENTITLEMENT! WE WERE PROMISED THIS AND THIS! WHERE IS IT!!!``

rwe2late's picture

Indeed,

the Pentagon , EXXON, Goldman Sachs, and their parasitic institutional brethren are dependent on gorging themselves at public expense.

sunnydays's picture

We have been on the verge for a few years, the ball has been kicked down the road and hitting the wall.  But it is now bouncing back off the wall into the faces of those who think they can keep getting by with the fraud.  All things end and it is time for the manipulation and fraud to end.

Hero Protagonist's picture

The question has always centered around timing of the end and the issues are what factors influence predicting that timing.  Given that we have removed all safety valves (e.g. mark to market, to big to fail, etc.), for what it's worth I think these three are the keys:

1. The money doesn't truly run out until debt service exceeds tax revenue. With low interest rates we are, at this point, far away from reaching this point.

2. A drastic increase in prices so that John Q. Public can't purchase essentials and would rather fight and risk what they have than stay quiet and subsist. Seems like we're far away from this point.

3. People outside of the US figure out that they can't afford to eat while in the US we continue a life style of borrowing that directly removes food from their kid's mouths.  Doesn't seem like those outside our border will ever recognize this in sufficient size to influence their governments who have a huge interest in keeping the status quo.

It's not like any politician has an incentive to do anything but say "Yes" to their constituents when the credit card hasn't come close to its limit.

kurzdump's picture

Only a minority of people who are forced to cut their life styles significantly is required to start a spiral of riots. Social things tend to follow exonential functions. Do not underestimate the consequence of exponential growth.

Ignorance is bliss's picture

We have a powder keg. Your premise is basically that no one with a lighter has tehe will to light it. Yet I see an entire generation with matches walking toward the powder keg. I think our "Y Gen coming back from the military, or not able to pay their 6 figure college debts are one of many perfect catalysts running toward that powder keg.

 

When it goes up...it will go quickly. There is a lot of pent up anger in the country looking for an excuse..

espirit's picture

Fiatsco, meet gold.

Zero Govt's picture

Fiatsco, meet the zero you always were, born of the zeros (crooks and politicos) that fabricated you

JLee2027's picture

Former VP Cheney, who fashions himself a fiscal conservative, let the mask drop when, in 2002, he stated that “Reagan proved deficits don’t matter.”

Except Cheney never said that.  That is crap from Paul O'Neills book.

LetThemEatRand's picture

Unless you were there, you don't know.  One thing is certain -- Bush/Cheney policy was consistent with the alleged statement.  Assuming actions speak louder than words, Cheney fucking said it really loud.

Bring the Gold's picture

I believe he borrowed the sound system from Spinal Tap in fact...

JLee2027's picture

Unless you were there, you don't know.  

Same applies to your statement. Repeating unproven allegations is just rumor mongering. 

One thing is certain -- Bush/Cheney policy was consistent with the alleged statement.  Assuming actions speak louder than words, Cheney fucking said it really loud.

True, but that doesn't prove it either.

srelf's picture

Me thinks thou wouldst be lost in a world without "prove"

rwe2late's picture

JLee2027

And presumably one could not "prove" to you that Bush said "The Constitution is just a god damn piece of paper".

Ever hear of reasonable doubt? True, no one can say with 100% certainty that any quote is accurate (including witnesses in the room according to psychological testing and some alien invasion believers). But there is a witness, and the quote seems credible enough given the circumstances and what is known about Bush's behavior and policies.

Point is, given Bush’s political actions, the choice is only between being an arrogant hypocrite (claiming respect for the Constitution), or an arrogant cynic (boasting his disrespect).

Finally, you're grasping at a straw in order to defend what? Cheney's reputation re: the Constitution or fiscal conservatism? If Cheney had not said "deficits don't matter", given his policies, he may as well have said it.

Actions DO speak louder than words.

 

JLee2027's picture

You must be joking. A single witness selling books is not a credible witness.

DaveyJones's picture

The point is moot cause God knows Cheney never said self centered things like that. Things that emphasized executive power, minimized democratic process, and enhanced his military industrial business interests. He was also known for contradicting himself like the famous speech in 91 on the costs and mistakes of trying to take Baghdad.    

ElvisDog's picture

The Cheney comment is often taken out of context. What he meant was "deficits don't matter politically", and he was right up until the rise of the Tea Party in 2010. As far as the future, we shall see.

StrangerThanFiction's picture
The world Monetary System On The Verge Of Collapse. The question is what comes next?
Bring the Gold's picture

Well now you've gone and made an ass of yourself.

 

 

 

 

 

 

A luscious ass I might add.

Cliff Claven Cheers's picture

are you sure it is woman's ass?  

OT, whats with all the dudes here using femal avatars, is it lika a tranny think. Each to own I guess.

prole's picture

Same sort of thing goes on in Thailand.
(I heard)

Zgangsta's picture

Reality doesn't matter. Our perception of reality is all that matters.

GoldBricker's picture

Yup. And that was why deficits didn't matter (see Cheney rants above); they were not perceived as a problem. At some point, however, reality's dog dumps on your lawn and you run over the large, fresh pile with your mower.

Maybe the pile doesn't exist or you don't exist, but something exists, and you perceive its odor.

Bring the Gold's picture

No, actually I'm not, disturbing thought. Femaleness was assumed, not something that would happen in real life. Always, ALWAYS check under the hood. :)

Cliff Claven Cheers's picture

I mean it looks feminine but with out a link to the original it is hard to verify.

MisterMousePotato's picture

Are you people crazy? Blind? Virgins? That is a woman's ass. (And not just any woman's, for that matter.)

Consider ... if you took that shot of my ass, there would be, uh (how do I put this) in the picture.

kill switch's picture

No, that's Hank Paulson and his twin brother...

X.inf.capt's picture

short answer, fiction,

war, a big one

battleground

pakistan, mena

reason, 

control of oil, resourses

and the obvious

the eternal search for cheap labor by TPTB.

westboundnup's picture

Assuming Saudi Arabia, Iran, Russia and Venezuela are among the new axis powers (or their supporters), where will the US get the oil needed to fuel the war machine?  The last time there was a world war, we had cheap, easily accessible petroleum. 

X.inf.capt's picture

that was easy pitch, west.

why, all the untapped reserves we have here

we been buying oil from these countries with worthless fiat

while saving ours, you really didnt think leaving these alone was an enviromental issue.

they have been seizing oil andcoal reserves, and making national parks of them

president clinton and the sulfur free coal deposits in utah, remember?

and those laws will be overturned immediately, when we need them...

stategic oil reserves?

until then well continue to do what were currently doing....

X.inf.capt's picture

thanks freddie

and the leaders who want to stop accepting dollars for oil....

yeah, very unhappy ending....