Guest Post: A Very Subtle Form Of Theft

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Tue, 12/06/2011 - 16:29 | 1952395 hugovanderbubble
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Gold Confiscation coming....World Wide Across all boards....

They want our hard assets... FIGHT

Tue, 12/06/2011 - 16:41 | 1952429 Hard1
Hard1's picture

At least Madoff had class and ran a ponzi scheme that stole from the 1% and wouldn't ruin the world when it busted.  Timmay, Pelosi, Merkozy to the guillotine

Tue, 12/06/2011 - 16:42 | 1952488 Popo
Popo's picture

Guillotines require organization.   I have a feeling the rise in violence that we'll probably see in the PIIGS will be much closer to anarchy.

Tue, 12/06/2011 - 17:00 | 1952582 Dr. Richard Head
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They have anarchy now, which is directed by their heads of state.  Government is anarchy in the fear mindset of that word. 

Tue, 12/06/2011 - 19:09 | 1952641 Manthong
Manthong's picture

I submit that history offers simpler and more appropriate remedies.

Tue, 12/06/2011 - 19:27 | 1953008 WhiteNight123129
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Was VLAD the impaler experimenting a new monetary policy to reduce inflation by slaugthering people, therefore reducing velocity?

Tue, 12/06/2011 - 21:15 | 1953305 Papasmurf
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Depends if you're supply side or demand side economist.  Sure, demand would drop.  But supply will drop too. 

Wed, 12/07/2011 - 08:53 | 1954285 Old Poor Richard
Old Poor Richard's picture



Looking forward to a field of stakes in Central Park.

Tue, 12/06/2011 - 17:23 | 1952657 Zero Govt
Zero Govt's picture

Precisely ...anarchy is the State, a small group of violent thieving MF'ers (Bush, Bumma et al) running riot across society

it's not "anarchy" breaking out in Greece etc.. it's society kicking-off against the parasites on their backs.. the Govt

Both the Tea Party and Occupy have to realise they are fighting the same enemy for the same reason: the parasites of Govt sucking society dry and destroying our livelihoods (see the history books how many times Govt has repeated this rape of society)

the best way to fight is simply stop paying your taxes to these parasites ...bleed the suckers

Zero Tax = Zero Govt

Tue, 12/06/2011 - 16:46 | 1952510 falak pema
falak pema's picture

why be choosy, start wit the GS/JPM bankstas!

Tue, 12/06/2011 - 23:37 | 1953612 dolph9
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In comparison to the jokers running things, Madoff is a hero who should be sainted.

Tue, 12/06/2011 - 16:34 | 1952435 economics1996
economics1996's picture

Buy guns and ammo.

Tue, 12/06/2011 - 16:48 | 1952521 Hippocratic Oaf
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"it’s people’s patriotic duty to buy government debt"

Only during times of war my friend

Tue, 12/06/2011 - 16:57 | 1952566 duo
duo's picture

WWII bonds weren't such a bad deal.  Because of the gold standard and low inflation, they actually yielded something.  Buying government debt now is pure theft, through inflation (slowly) or currency destruction (quickly).

Tue, 12/06/2011 - 19:23 | 1952998 MacGruber
MacGruber's picture

Agreed, the gold standard made government bonds good as cash. The thing the people in these countries should be fighting for is a structured default - one in which they give up some social services to balance the budget, then kindly tell the banks "no thank you" to the principle due.

The most disturbing aspect about this ponzi is the myth the banks have created, one who’s thesis is that bonds are not a risk instrument. I wish the MSM would present this point; we have it programmed in society that default is bad, when in reality it is the risk exposure that the interest payment is alleged to offset. Without the risk of default all you have in essence are mob-like protection payments to the banks.


Tue, 12/06/2011 - 19:50 | 1953062 TBT or not TBT
TBT or not TBT's picture

California advertises its debt offerings on the radio, to the California listening public, with messages about how great California is!

There is some notion of private individuals being able to buy new isues directly, thereby getting the jump on the big institutions.

What an awesome deal for Joe Six Pack, Jane BoxedWine, and Pat Pothead, to hold a piece of Sacramento issued Golden State bonds!

Tue, 12/06/2011 - 16:43 | 1952446 Popo
Popo's picture

Gold confiscation?   They won't even need to be so obvious.  They'll just tax gold sales, and strictly tarriff imports/exports and thereby confiscate a significant portion of gold's value.   These fuckers will extract wealth at every turn.

The thing is:  That's what the USSR did too.  The game was so rigged that ultimately the only solution was to be a lazy unproductive sloth.   When the system became so rigged that the average man could not win,  the ultimate answer was to be unproductive.    

It's already happening here.   I see it all the time.  How many young people are motivated to work when there are "insiders" in every sector who do 1/10th of the work for 10x the reward?  Young people can either try (and fail) at an obviously rigged game -- or they can play Xbox and smoke pot.   The latter actually becomes increasingly tempting the more rigged the system becomes.

Tue, 12/06/2011 - 16:52 | 1952543 Odin
Odin's picture

lol good post man.

Tue, 12/06/2011 - 17:27 | 1952673 DavidPierre
Tue, 12/06/2011 - 18:31 | 1952897 Temporalist
Temporalist's picture

Everyone is going to be like this:


"Somebody needs to pay...for alll my children."

Tue, 12/06/2011 - 20:51 | 1953255 Chuck Walla
Chuck Walla's picture

Man, she needs to install a toll both on that thing!

Wed, 12/07/2011 - 14:05 | 1955462 buyingsterling
buyingsterling's picture

This doesn't change until paternity tests are required to obtain welfare. Then the 'daddies' can either work or sell a kidney to help pay for the costs of their rutting. Nah, that won't work - they'll just turn to crime/prison or they'll go underground.
So long as welfare exists, we're paying for our own undoing: pay the unproductive to breed and you get more unproductive people. Make it more expensive for the productive to breed and you get less productive people. That's the current formula, the end seems clear over a long enough timeline.

Tue, 12/06/2011 - 19:56 | 1953082 Xanadu_doo
Xanadu_doo's picture

"Young people can either try (and fail) at an obviously rigged game -- or they can play Xbox and smoke pot.   The latter actually becomes increasingly tempting the more rigged the system becomes."


-more and more every single fucking day, man. WOOT!

Tue, 12/06/2011 - 23:35 | 1953602 dolph9
dolph9's picture

I don't work particularly hard and don't really give a fuck.

But I do work, I do save, and I do buy gold.  One foot in and one foot out is how I'm playing it.

Tue, 12/06/2011 - 17:05 | 1952609 Little John
Little John's picture

I will

Tue, 12/06/2011 - 18:00 | 1952819 TeresaE
TeresaE's picture

hugover says, "Gold Confiscation..."

gold, 401(k)s, then stocks.  All will be "borrowed" by the Federal government to fund their own warchests and pensions.

Our savings, that we worked hard to earn then chose to SAVE instead of SPEND is going to be stolen to kick the can and buy off the unions & politician & minions for just a little while longer.

Plunging us all into abject poverty without a pot to piss in.

Enjoy.  I know I question daily why I sacrifice to save when I'm betting there is a better than 50% chance I'm going to have it stolen by the guv and squandered by everyone else except me.

Tue, 12/06/2011 - 19:33 | 1953022 MacGruber
MacGruber's picture

401(k)s are already confiscation. They were originally designed to augment existing corporate pensions, but then morphed into the only savings instrument anyone had, corporations have by and large eliminated pensions. The real genius was making the banks the people who would hold your money for you in a 401(k) - that way they can quietly siphon off fees without a guarantee on returns. A brilliant system, well designed to be both captive and extractive.

Tue, 12/06/2011 - 18:37 | 1952910 In Fed We Trust
In Fed We Trust's picture

Let one jew get caught so the other Jews get away.

Its the Jewish way.

Madoff was the sacraficial lamb to take the camera off of the Goldman/aig/NY Fed fraud of epic porportions.

Tue, 12/06/2011 - 16:31 | 1952407 GeneMarchbanks
GeneMarchbanks's picture

Nationalism on the comeback! This was refreshing from your usual shit...

Tue, 12/06/2011 - 16:32 | 1952414 hugovanderbubble
hugovanderbubble's picture

NeoFascism sir.

Tue, 12/06/2011 - 16:31 | 1952411 non_anon
non_anon's picture

ha ha, nothing like forced giving

Tue, 12/06/2011 - 17:53 | 1952806 onthesquare
onthesquare's picture

when the government prints more money they water down or dilute the value of the money you are holding.  Buying usless govenmnet bonds or having them water down your $US has the same zero sum gain.  it is just more smoke and mirrors.

When the SHTF the only thing that will matter is how to put food on the table.

Tue, 12/06/2011 - 20:27 | 1953182 Dugald
Dugald's picture

Think of what you can do for your country not what your country can do for you.....

Warrants a pithy comment, from a Merikan......

Tue, 12/06/2011 - 16:32 | 1952412 A Lunatic
A Lunatic's picture

The State calls it's own violence law, but that of the individual crime.

-Max Stirner-

Tue, 12/06/2011 - 17:09 | 1952620 OliverTwist
OliverTwist's picture

And so another illusion comes to an end. ... though we have walked a long way on the road of evolution of this social cultural society game, but the basic fact from the begining of time remains still true. The strong will rule over the weak. Don't expect protection from the strong and powerful without paying the price! And don't think of price in terms of money but in terms of life time and freedom!


Tue, 12/06/2011 - 17:08 | 1952625 Little John
Little John's picture

"Rich men write their books of laws for poor meen to defend,

   But true law is only written in the hearts of honest men."


from a song i heard once


Tue, 12/06/2011 - 16:33 | 1952415 jack stephan
jack stephan's picture

damn lightning fast the first guy always says "bitchez!!!" so facehuggers for all bitchez!!!

Tue, 12/06/2011 - 16:32 | 1952418 LawsofPhysics
LawsofPhysics's picture

Precisely why everyone should be going to physical cash and PMs right now.

Tue, 12/06/2011 - 16:34 | 1952427 Shizzmoney
Shizzmoney's picture

And the best part on how we got into this "debt"?  Banks over leveraging themselves, not but bloated pensions or social programs (which can always be modified).

When you prudently borrow money to buy a house or build a factory, you are investing in the future using leverage.  But when a bank uses fancy complex derivatives through opaque secret deals, a bank is linking its balance sheet to risks it may not understand and to systemic threats regulators can’t track.  Banks are essentially making money by throwing dynamite into random mine shafts and hoping they dig a gold mine.  Goldman Sachs and JP Morgan have written credit protection on $5 trillion of global debt, but can’t say how much is Eurozone debt.  This is why our markets have gone crazy – last week, the Dow jumped by 400 points in one day, after swooning in November and nearly crashing in August.  Asset prices these days reflect guesses about which stick of dynamite will go off, as opposed to doing what markets are supposed to do, which is reflect prudent profit making potential of securities and credit instruments.

When balance sheets are linked across the world, that creates the possibility of a systemic collapse.  One day, you’re wealthy, the next day, you’re insolvent, and so is everyone you know.  Secrecy magnifies the problem, because it means that we cannot prepare for shocks.  None of this is inherent.  If derivatives were put on exchanges with multiple bidders and sellers, at least we could more easily see price movements that indicate risks.

Tue, 12/06/2011 - 17:40 | 1952766 theprofromdover
theprofromdover's picture

"......Goldman Sachs and JP Morgan have written credit protection on $5 trillion of global debt...."

-that they can never cover. Now even in a corrupt world, there must be some authority who can be enjoined to demand to see how the books balance.

Even the auditors for Cheesy's sake.

Tue, 12/06/2011 - 16:35 | 1952439 JW n FL
JW n FL's picture



anything but tax those fucking scumbags who made billions and paid no fucking taxes!

there is plenty of money to carry the debt!

but no one wants to pay for it!

they all believe that living like animals / austerity is better than keeping the sheep comfortably numb!

when people start a class war.. then they will think that paying an extra 5% wasn’t so bad!


maybe they already know that..

maybe the sheep are using up to many non-renewable resources?

maybe all this information is being made available to start drama in hopes of thinning the herd?

Al Bartlett on energy consumption versus population

Tue, 12/06/2011 - 16:41 | 1952480 JW n FL
JW n FL's picture

Never Mind! We are ALL! Saved!!

U.S. stocks hit intraday highs on report of new firepower in Europe's debt-crisis fight
12/06/2011 03:07:27 PM

Get the latest news on our mobile site:

Tue, 12/06/2011 - 19:57 | 1953086 Xanadu_doo
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totally bullish -- lots of new 52-week highs, I'm sure, if one looked hard enough... /sarc

Tue, 12/06/2011 - 16:35 | 1952440 catacl1sm
catacl1sm's picture

they will come for your preciouses.. be sure to have a boating 'accident'.

Tue, 12/06/2011 - 18:55 | 1952946 CPL
CPL's picture

Hmmmm...time to buy a boat.

Tue, 12/06/2011 - 19:52 | 1953066 TBT or not TBT
TBT or not TBT's picture

Why not 'robbery'.

Tue, 12/06/2011 - 16:36 | 1952445 vegas
vegas's picture

Only an idiot would buy European Government debt [or US debt for that matter]. Who cares about getting an extra 1/2 % interest rate, when you know it's just a matter of time before default.

What is voluntary today will be mandatory tomorrow, especially for retirement accounts. Get the hell out now.

Tue, 12/06/2011 - 17:19 | 1952666 s2man
s2man's picture

Agreed.  I expect them to ease into it with, perhaps, "All new deposits will go into TSY's". Followed by "All tax exempt retirement accounts will be converted to TSY's".  Followed by "Oops, they are no longer tax deductible".

I'm gittin', I'm gittin'.  I'll be making my third and last annual withdrawal in January, which will just about wipe out the 401k.  It all goes into tangible goods.

Tue, 12/06/2011 - 18:02 | 1952829 onthesquare
onthesquare's picture

So you buy into this scam with your euro dollar, the same euro dollar that will buy a loaf of bread (day old).  It sits around and rakes in interest and then  you cash out on maturity and take all your new wealth and capital home to fine that the growth was only 1/2 of what it now costs to buy a loaf of bread. 

Your investments buying power has halfened.  So long suckers.

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