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Guest Post: Want To Defeat The Banks? Stop Participating In The System!

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Submitted by Brandon Smith from Alt Market

Want To Defeat The Banks? Stop Participating In The System!

 

In Franz Kafka’s most popular work “The Trial”, his characters relate a short parable which has fascinated and confused curious readers for generations. That parable is entitled “Before The Law”, and its message has been interpreted, reinterpreted, and agonized over by the labyrinthine contrariness of academia, producing numerous conflicting views:

Existentialists, of course, automatically jump to the conclusion that “Before The Law” is a message of the absurd nature of man’s search for reason and structure in a universe of random coincidence. That “the law”, as it were, is a superficial concept that humanity uses to make life more bearable. That we seek to create artificial social constructs in order to keep ourselves afloat in a sea of chaos. This is partly true. The law is, indeed, an abstraction conjured by men. However, the source of the most fundamental laws, being inherent conscience, is far from abstract. In fact, it is one of the few aspects of our existence that is undeniably tangible and universal. It is proof that all is NOT random, and that there is a meaning and a purpose to what we do here and now.

I see “The Trial” and “Before The Law” not as treatise on the futility of man’s search for justice, but as a warning on the foolishness of man’s dependency on systems not rooted in conscience. That is to say, we have a tendency to linger about idly while others make our decisions for us. We expect the system we live in to provide answers, to provide nurturance, to provide fairness, and to provide change where necessary. This expectation is a dangerous one.

Most social and political systems today are designed around collectivist methodologies. Their primary tool is centralization of power, and the removal of choice from the public consciousness. We are made to believe that the establishment is necessary for our survival, and that to abandon it would mean certain destruction. We are taught that the individual is subservient and inconsequential in the face of the state. This is simply not so. Like the traveler in “Before The Law”, we have been defeated by our own expectations of how the law (or justice) works. We sit and wait for permission, when we should be charging through the gates and taking what is rightfully ours.

Even amidst recent and increasingly prevalent protest actions on the part of Occupy Wall Street groups, there are still some within these movements who believe the answer to fighting back against the corruption of banking cartels and puppet politicians is to hand even MORE power over to the state, and to collectivize our culture still further. The ignorance of this mentality is no less than astonishing.

The only practical strategy for combating the tyranny of centralized systems has been and always will be decentralization. Individuals must stop relying on the rules of a rigged game to see them through to the truth. This means that while mass protests are certainly a powerful tactic for voicing concerns on an international stage, they accomplish little to nothing in the way of meaningful change in the long run unless they are backed by individual actions to break away from dependency upon a poisoned political and economic framework.

The common assumption amongst Americans is that nothing can be done without mass action resulting in “compromise” from leadership. That the healing of our cultural dynamic is a “top down” process. That one person alone has little at his disposal for bettering the world. In fact, it is always self aware and self sustaining individuals who build better societies, not angry mobs without understanding or direction. Individuals blaze the path that the rest of the world eventually follows, and they do this through one very simple and effective act; walking away.

By walking away from the corrupt system, and building our own, we make the establishment obsolete. This philosophy could be summed up as follows:

Provide for yourself and others those necessities which the corrupt system cannot or will not, and the masses (even if they are unaware) will naturally gravitate towards this new and better way. Offer freedom where there was once restriction, and you put the controlling establishment on guard. Eventually, they will either have to conform to you, attack you, or fade away completely. In each case, you win. Even in the event of attack, the system is forced to expose its tyranny and its true colors openly, making your cause stronger.

The obvious question now is; how can each one of us use this strategy in our daily lives? Here are just a few easy applications:

1) Focus On The Federal Reserve

If you as an activist or the movement you support are not fully aware of the private Federal Reserve Bank and its primary role in the destruction of our economy, our currency, and our political dynamic, then your protests are a waste of time, and your movement will end in failure. Uneducated mass actions are easily manipulated, and can even end up serving the purposes of those oligarchs they seek to dethrone. G. Edward Griffin’s full analysis on the history of the Federal Reserve “The Creature From Jekyll Island” and similar materials should be handed to every OWS protester before it is too late.

2) Take Back Your Savings

Do you have a bank account with one of the so called “too big to fails”? Is the culmination of your savings currently in the hands of financial monstrosities like Bank of America, JP Morgan Chase, Citigroup, etc? Well, take your money back! This has been done by a few protestors and the response from banks has been outlandishly oppressive, including new guidelines attempting to obstruct customer access to savings, and even calling the police! This tells me that they are afraid. Afraid of Americans catching wind of the idea that the money they place in the accounts of bad banks is still theirs to do with as they will. If you don’t like how these institutions operate, don’t let them have your money. It’s as simple as that. Not only is this an act of defiance that truly hurts the banking system, it also protects your hard earned wealth (at least initially) from the inevitable collapse of these fiscally insolvent blood leaching leviathans (watch Bank of America closely, folks!).

3) Use Alternative Currencies

After you take your savings away from the banks, you still aren’t quite free of their influence. You are now holding fiat dollars, which the Federal Reserve, the foundation of all banking fraud, is currently devaluing. The idea of walking away from the dollar sounds ridiculous or even frightening to those trapped in the centralization mindset, but it is a highly effective method for combating the system itself. The dollar is a sham, and has been since its future was handed over to the Fed in 1913. Alternatives exist, and they must be utilized. Communities across the country use various scripts as a means to diminish reliance on the dollar, but ultimately, the best currencies are those that cannot be created out of thin air unhindered. This means gold and silver.

Central banking proponents have been railing against even the concept of a return to gold and silver currencies for years, and the Department Of Justice has labeled the use of such alternatives in place of dollars as a form of “domestic terrorism”. This should tell you, quite clearly, that they are deathly afraid of activists organizing to drop the dollar to pursue metals. If the system is willing to use the law as a weapon to keep us from having sound money, then we should be rubbing their nose in it daily by trading without dollars. They should be forced to react, and in the process, forced to expose their true intentions for our economic futures.

4) Build Barter Networks

If a bunch of people can band together to huddle in parks with signs for weeks in cities across the nation, then they can band together to trade goods and services outside the establishment system as well. Barter networks grow spontaneously out of economic collapse regardless of what any group decides to do, but generally, they appear AFTER the worst has happened. Wouldn’t it be wiser to organize such markets now, before a full collapse takes place? By preempting disaster with a backup or failsafe free market barter economy in each town and city, we insulate ourselves from the effects of the crisis, and, we cut loose from our dependency on the controlled mainstream economy. Localized trade makes it possible to walk away from corporate chains and maintain the circulation of wealth within a community, while countering the increasingly higher taxes caused by austerity and inflation that we are likely to see in this country very soon. It really is a no-brainer.

5) Grow A Garden

I don’t know how to say this nicely; don’t be a jackass, learn to grow your own food. Don’t expect that our economy will continue to sustain you. Actually, you should have every expectation that it won’t! If every Wall Street or Fed protester had their own garden patch and some stored goods, we would all be much safer. Food dependence is the worst kind. It has been used by governments and despots for centuries to cull the masses and dissuade dissent.

Sharecropping should be common in every community. Neighborhood gardens should be standard. Every household should have a year’s worth of food. Period.

Imagine that you lose your job and every cent you have tomorrow. Imagine that mom and dad are broke and have no money to lend you. Imagine that food stamps are a thing of the past because the national debt has become so exponential that entitlement programs have been erased. Now, how do you live from day to day? Where do you get the nutrition required for you to continue holding up that sign or shouting that slogan? Think about it...

6)  Start A Micro-Industry

If the U.S. economy is ever going to get on its feet again, it will be because average Americans bring it back through local industry.  This means ending our community addictions to corporately produced goods and returning to specialized trade skills.  It means coalitions of local farmers, craftsmen, and micro-industries providing goods and services with a city or county based market focus.  Large manufacturers and business chains relying on the model of globalization will have absolutely no ability to rebuild mainstreet commerce, even if they wanted to, because their methods depend upon constant outsourcing and downsizing for survival.  Private tradesmen will be the only people capable of filling the dark void these corporations leave behind.

7) Start An Activist Group

The establishment HATES when you do this. The spontaneous organizing of groups outside government or corporate purview has generated notoriously absurd responses from authorities, including accusations of “extremism”, infiltration, and wrongful arrest. If this sounds frightening, then I suggest you get over it quickly, because this is going to be the norm for many years to come. The evils of the world are not undone by apathetic naysayers anymore than they are undone by mindless mobs. Without the coordinated actions of aware individuals with a common focus, nothing is going to change.

This group could be something a simple as a local barter network or a political discussion forum, or, a complex national organization geared towards tangible political action. It doesn’t matter as long as it’s based on the promotion of Constitutional freedoms, and its leadership is decentralized. Just make it happen…

At bottom, if we want to fight back against a system we cannot take back through traditional means, then we must learn to walk away. If the system feeds us, clothes us, and shelters us at will, then ordinary protest is pointless. Our tender parts are in a rusty vice on the autocratic workbench and until we pull them out, no amount of screaming and pounding will improve our situation. Independence is won through the constant striving for self responsibility. Freedom is won through a position of personal strength, not weakness and self-enslavement.

Numbers alone do not make a movement, and the elites we currently work to supplant are not going to flinch at a few random protests. In all likelihood they will welcome these actions as a useful distraction. Tyrants don’t fear the torches and pitchforks anymore. What they do fear is balanced insight, self reliance, and exceptional force of will. A handful of men with these attributes are far more dangerous to a corrupt system than thousands of citizens driven only by insatiable anger. To overcome oppression, we must first overcome ourselves. The ability to step outside the paradigm, the ability to act without permission, and charge the gates without apprehension, is the key to toppling totalitarian systems and exposing the great lie of our age; that we cannot exist without the cage we were born into.

 


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Fri, 10/28/2011 - 09:57 | Link to Comment AngryGerman
AngryGerman's picture

8) LET YOUR HAIR GROW LONG

9) DO NOT WEAR CLOTHES

10) FREE LOVE 24/7

Fri, 10/28/2011 - 10:17 | Link to Comment metastar
metastar's picture

What's wrong AngryGerman? Inflation at the Kaiserstrasse got you down?

Fri, 10/28/2011 - 10:31 | Link to Comment What does it al...
What does it all mean's picture

Why not just elect officials that will change the system and do what people want...  Yeah, never mind.

 

Fri, 10/28/2011 - 12:07 | Link to Comment BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:08 | Link to Comment BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:08 | Link to Comment BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:09 | Link to Comment BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 14:26 | Link to Comment mvsjcl
mvsjcl's picture

Ahh, yes. Many evenings spent at the marble palace when I wore a greener cloth. Thank-you, Germany, for those kind memories.

Fri, 10/28/2011 - 10:23 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

11) Get involved with the current metal and barter network of http://www.opencurrency.com/

Fri, 10/28/2011 - 10:40 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

4) Build Barter Networks

But not this way...Man robbed, beaten during attempt to buy iPad from Craigslist

 

 

Fri, 10/28/2011 - 10:41 | Link to Comment SheepDog-One
SheepDog-One's picture

Triple homicide today where I live due to a Graigslist meeting gone wrong...the guys wife came home early to bust the meet'n'greet between her husband and the unsuspecting little lady he met on the 'net.

Fri, 10/28/2011 - 10:55 | Link to Comment s2man
s2man's picture

His wife shot the llama, too?

Fri, 10/28/2011 - 12:04 | Link to Comment LFMayor
LFMayor's picture

nope, the midget fell off the ceiling fan when the gun went off and startled him.

Fri, 10/28/2011 - 11:46 | Link to Comment squidward
squidward's picture

Barter works best when you produce a product that people want to barter for.  I sometimes sell honey at a local farmers market and trade with the other venders for fruit, cheese, veggies and meat is amazing.   When you do the math of your production costs versus what you get in trade it is far cheaper than any food you can buy in a store.  

I've been meaning to try the same thing with my home brewing and wine making, and putting an ad on craigslist.

Fri, 10/28/2011 - 12:42 | Link to Comment Rhodin
Rhodin's picture

This works if you can pre locate customers, setting up the barter in advance.  Otherwise the local market for such products can be fully met in the time it takes a start-up to get into production, especially things like honey and maple syrup that store well.  The producer is faced with "going commercial" or several years of product for local consumption and a pile of unused production equipment.

Fri, 10/28/2011 - 12:38 | Link to Comment Penniless Pauper
Penniless Pauper's picture

Thats the best solution!

Plus when you Barter you dont have to pay tax on the Feds Debt Bills.

Fri, 10/28/2011 - 10:25 | Link to Comment tmosley
tmosley's picture

Tell that to your avatar.

Fri, 10/28/2011 - 10:34 | Link to Comment GeezerGeek
GeezerGeek's picture

8) My head is more suited to being part of a solar furnace with its ability to reflect light. None of hair-growing remedies worked for me, either.

9) Haven't tried that, although there are some 'nude' beaches nearby. However, I hate to be laughed at.

10) Works if you've got a hammer like Thor. Not so well if you've got a wand like Ron Weasley in the Harry Potter stories.

Fri, 10/28/2011 - 13:32 | Link to Comment MarcusLCrassus
MarcusLCrassus's picture

You have certainly fallen in love with your captors.  How does Jamie Dimon's wang in your mouth feel?

Fri, 10/28/2011 - 09:58 | Link to Comment kato
kato's picture

As Gregor Samsa awoke one morning from uneasy dreams he found himself transformed in his bed into a gigantic insect...

Fri, 10/28/2011 - 10:02 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Kafkaesque indeed. I was thinking more along the lines of The Castle though.

Fri, 10/28/2011 - 10:16 | Link to Comment Ryman1075
Ryman1075's picture

Our country is liveing on Egg-rashers already.

Fri, 10/28/2011 - 10:38 | Link to Comment GeezerGeek
GeezerGeek's picture

I'm having my roof replaced by some hard-working Hispanics. Listening to them chatting outside my window while reading your post made me want to start singing "La Cucaracha". Then I remembered that I can't sing.

Fri, 10/28/2011 - 12:14 | Link to Comment jonan
jonan's picture

lol, today's politicians would glady smash your face in the same manner the sister did to gregor...

Fri, 10/28/2011 - 09:58 | Link to Comment Corn1945
Corn1945's picture

The banks don't care if you close your account. Banks are not subject to market forces like any other business. They have an unlimited government backstop.

The only way to beat them is to stop the bailouts.

Fri, 10/28/2011 - 10:09 | Link to Comment SilverRhino
SilverRhino's picture

Were that actually the case explain BofA's latest actions with people attempting to close their accounts.

Fri, 10/28/2011 - 10:20 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

They're just trying to stop you to be assholes about it. It really doesn't affect them as much as you think...

Fri, 10/28/2011 - 11:24 | Link to Comment Hero Protagonist
Hero Protagonist's picture

I wonder if there is a way to quantify it.  That is, what would the total amount of witdrawls be if everyone with a total networth of <$1,000,000 closed their accounts?  Would it really add up to enough to impact a bank's balance sheet?

Fri, 10/28/2011 - 12:30 | Link to Comment Imminent Crucible
Imminent Crucible's picture

"The banks don't care if you close your account."

Er, not correct. The banks serve the system as conduits between the Issuers of Credit Money (that would be the Fed) and the Consumers of Credit (that would be YOU, and YOU, and YOU!).

A bank with no customers is useless as a cog in the fractional reserve system, and likewise as a primary dealer. Ask yourself how long the USD would stand as a reserve currency if ALL Treasury issuance was bought and held by the Fed?

Then ask yourself, What would be the share price of a depositary bank whose report revealed that it had (a) no loan assets on its books and (b) no deposits on account?

Don't use the banks. Don't borrow money from them, and don't loan money to them.

Fri, 10/28/2011 - 11:59 | Link to Comment NotApplicable
NotApplicable's picture

The biggest effect is likely on the bank tellers who fear for their jobs as they watch business go away. Given BoA's expansion over the last decade, they're due for some contraction, which will actually make their books look better for the criminals in suits at the top.

Not that they still aren't a zombie bank.

I found this blog post over at LRC showing a study that determines how banks rule the world.

http://www.lewrockwell.com/blog/lewrw/archives/97597.html

They rank corps in order of global market control. BoA comes in at #25.

Fri, 10/28/2011 - 13:37 | Link to Comment Raging Debate
Raging Debate's picture

Good link. Note the conclusions: Attempting to calculate the solutions to the Bow-Tie concentration creates paradoxes. This is because a Bow-Tie formation is a 5d model. In the fifth dimension time loops back in on itself. It wouldn't matter anyways, you need a Quantum Computer to calculate the solution in math. That is what these group of researchers (brilliant BTW) are really saying. There are reasons for that but it would probably bore a lot of people here. Irrespective if the CB model is 4d or 5d it will revert to pyramid formation without the correct 4d TOOLS. And instead of hurrying to build them the temple priests decided to declare themselves god and go on permanent vacation instead. Sorry, you lose your temple licenses for being responsible to try and goofing off instead while the masses perish.

Where's Banzai with the image of the Golden Calf and the High Priest Aaron? Purposeful centralization into a Golden Calf without Moses ordering to melt it down means death to the masses in the desert as they try to head into the Promised Land.

Why? Because you also drastically limit trade when you centralize and do not organize and plan decentralization. Better listen to ZH subscirbers when they tell you to have the three B's: Beans, Bullion and Bullets. 3 months of supplies to feed a family of four is bare bones but also necessary, at LEAST. Malthusians are people that know the general outcome and justify their own shirking of temple responsibilities but still wish to continue carrying a full license with all the associated privalages. Markets which are in essence the people, will always expect a mutual value proposition to function properly...

Fri, 10/28/2011 - 13:37 | Link to Comment Raging Debate
Raging Debate's picture

Good link. Note the conclusions: Attempting to calculate the solutions to the Bow-Tie concentration creates paradoxes. This is because a Bow-Tie formation is a 5d model. In the fifth dimension time loops back in on itself. It wouldn't matter anyways, you need a Quantum Computer to calculate the solution in math. That is what these group of researchers (brilliant BTW) are really saying. There are reasons for that but it would probably bore a lot of people here. Irrespective if the CB model is 4d or 5d it will revert to pyramid formation without the correct 4d TOOLS. And instead of hurrying to build them the temple priests decided to declare themselves god and go on permanent vacation instead. Sorry, you lose your temple licenses for being responsible to try and goofing off instead while the masses perish.

Where's Banzai with the image of the Golden Calf and the High Priest Aaron? Purposeful centralization into a Golden Calf without Moses ordering to melt it down means death to the masses in the desert as they try to head into the Promised Land.

Why? Because you also drastically limit trade when you centralize and do not organize and plan decentralization. Better listen to ZH subscirbers when they tell you to have the three B's: Beans, Bullion and Bullets. 3 months of supplies to feed a family of four is bare bones but also necessary, at LEAST. Malthusians are people that know the general outcome and justify their own shirking of temple responsibilities but still wish to continue carrying a full license with all the associated privalages. Markets which are in essence the people, will always expect a mutual value proposition to function properly...

Fri, 10/28/2011 - 17:08 | Link to Comment Hephasteus
Hephasteus's picture

Sure thing. Try to deal with the bank of international settlements with a population not under your control.

Try to deal with the bond market with a population not under your control.

Greece is bigger than you think.

Fri, 10/28/2011 - 10:24 | Link to Comment i-dog
i-dog's picture

Exactly. You get a green from me.

"The only practical strategy for combating the tyranny of centralized systems has been and always will be decentralization."

SECEDE NOW!!

Fri, 10/28/2011 - 12:50 | Link to Comment goldfreak
goldfreak's picture

what if we all secede snd then rejoin  a new union the next day and leave the debt to the United States of Washington DC?

Fri, 10/28/2011 - 18:58 | Link to Comment i-dog
i-dog's picture

 
... then I'd give you/us:

  • +1 for seceding out of the current fucking mess (a monolith that is not what the founders intended)
     
  • +1 for joining a new voluntary union of like-minded states (which is what the founders intended)
     
  • -1 if the new union includes a 'federal' government (ie. it should be a 'heads of agreement' between the states on certain philosophical ideals (eg. trade, travel, mutual defence), rather than a framework of centralised governance)

This applies to Europe as well as the US.

Fri, 10/28/2011 - 13:02 | Link to Comment taxpayer102
taxpayer102's picture

Not one word about Libya in Brandon Smith's article.  Very few posts on ZH supported Gadhafi and Libya's once independent central bank backed by its own gold reserves, unconnected to the banking system Smith advocates us not participating in.   Gadhafi had in place a banking plan that threatened Europe's financial system. Libya was set to be self-sufficent in farming when it completed its $500 million Nubian Sandstone Aquifer system and of course Libya had oil Europe needed and didn't want to pay for in gold.   The West's demonization of Gadhafi was a pretext to take him out and continued even as he continually sought ceasefires.   How many on ZH can say they didn't recognize Gadhafi and Libya had a system much like is advocated on ZH yet for reasons known only to themselves failed to support the people of Libya.

Fri, 10/28/2011 - 19:06 | Link to Comment i-dog
i-dog's picture

There were plenty on here that supported Libya and Qaddafi (I'm one, and saw a number of others as well; check my old posts).

ZH comprises many rational contributors as well as a variety of shills, trolls, paid saboteurs, agents provocateurs, tired teenagers and complete fucking morons.

Fri, 10/28/2011 - 22:15 | Link to Comment buyingsterling
buyingsterling's picture

SPOT ON.

Libya should be enough to tear the veil off anyone's eyes. Naked, unjustified aggression. I supported the Iraq invasion, which I regret. But Hussein actually did kill a lot of his citizens. He made Gadhafi look like a saint, but Hussein and his people didn't deserve what they got. A few years ago Gadhafi was the poster-boy for 'anti-terrorism' cooperation, voluntarily ending all WMD programs. Now this. Other leaders, take note. You are not safe from this gaggle of sociopaths.

Alex Jones talks about the modern 'right of kings', where leaders of countries abstain from assassinating other leaders, as an extension of an ancient code of honor. I think it goes beyond that. Savvy leaders must realize that other national leaders are some of the few people who have the resources and technology (or access to same) that can be used to take them out. Western 'leaders' are either not very savvy, or very, very confident.

What's happened makes perfect sense if considered in the context of the '100 year' global war on terror. The US knows that Iraq and Libya pose no terrorist threat, if unmolested. Only if they have a radical government will we be able to justify taking them over outright, some years from now. God willing, their system of exploitation and pillage will collapse and bury them long before that.

Fri, 10/28/2011 - 10:20 | Link to Comment tgatliff
tgatliff's picture

Personally, I think that people read too much into all this.   BOA is dead no matter what happens.   Also, contrary to belief, the FED does not have the ability to make a market.   They can attempt to prop it up temporarily, but even they realize that they do not have the power to do it for very long.   If their actions are too extreme, like right now, then the political response will end up limiting their powers.

In short, in my opinion, the banking industry and the FED are not doing what they are doing right now because they are arrogant.  They are clearly desperate....

Fri, 10/28/2011 - 10:26 | Link to Comment tmosley
tmosley's picture

The other way is for the currency to collapse.  Which do you think will happen first?

Fri, 10/28/2011 - 10:35 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'The banks don't care if you close your account.'

They certainly do. You are partially right in saying the bailout backstop is a bigger problem but the blame falls squarely on the shoulders of elected officials.

No magic bullet. One inch punch, if you withdraw your cash and save in Au + Ag  it makes a difference.

Fri, 10/28/2011 - 11:36 | Link to Comment bernorange
bernorange's picture

When banks are leveraged 50:1 or so, you would think they woud be absolutely terrified of an organized bank run.

Fri, 10/28/2011 - 12:03 | Link to Comment NotApplicable
NotApplicable's picture

Commercial banking (lending for profit) is already dead. As the banks die, the survivors will consume them, until they too either die or join the TBTF Zombie Corps, where one subsists on front-running Fed operations, and processing fees for dealing gov paper.

In other words, nationalization without the outright transfer of ownership, leaving yet another facade where a market used to be.

Fri, 10/28/2011 - 12:53 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

notapp... Yes! There will never be a nationalization announcement...

Fri, 10/28/2011 - 17:11 | Link to Comment Hephasteus
Hephasteus's picture

The bernank had 40 billion dollars worth of cash delivered to banks in response to the 2008 crash.

The printers jamming up 100 dollar bills stuff is bullshit. The truth is likely that they are suffering long slow continuous bank runs.

Sat, 10/29/2011 - 21:08 | Link to Comment Zero Govt
Zero Govt's picture

the US Govt nationalising bankrupt US banks will be their continued suicide note... no American will accept an account in such a State zombied entity they'll high-tail it to a private sector bank leaving Tiny tim holding an empty sack (he's already personally familiar with that no doubt!) 

Fri, 10/28/2011 - 10:31 | Link to Comment disabledvet
disabledvet's picture

Yeah I'm looking through the Opera Score here and i note "end the government" always appears at the bottom and by then i'm usually fast asleep. It falls under the title "Mysterioso" as well. There's an interesting side bar about "ending regulation"--unfortunately included is ending the regulation of government too. Sounds like Kafka's a winner!

Fri, 10/28/2011 - 10:48 | Link to Comment Enkidu
Enkidu's picture

Stop using credit cards...

Fri, 10/28/2011 - 12:31 | Link to Comment tamboo
tamboo's picture

or max out your card buying metals, default, goad collectors into breaking the law,

sue and profit.

Better Off Deadbeat

Fri, 10/28/2011 - 09:59 | Link to Comment Christoph830
Christoph830's picture

Preach on brother, preach on!

Fri, 10/28/2011 - 10:47 | Link to Comment pupton
pupton's picture

This seems to be the essance of the fight club philosophy:

"If the system feeds us, clothes us, and shelters us at will, then ordinary protest is pointless. Our tender parts are in a rusty vice on the autocratic workbench and until we pull them out, no amount of screaming and pounding will improve our situation."

We can't be free until we free ourselves from the shit and the system that enslaves us.  That choice is ours.

I think OWS could benefit from his message...This guy has laid out some great points in his message.  I'll be following him a little more closely.

One other thought.  Instead of a BS "General Strike" on a particular day that will result in nothing.  How about we organize a day of Bank Run?  Give it whatever nifty slogan you want, but the purpose would be to organize millions of Americans (and why stop at just America?) to withdraw as much physical cash (not electronic digits) from their bank accounts as possible.  It would have to be kicked off on one day but be planned to continue for days because banks will ration their cash.  I believe that A COORDINATED AND WELL ORCHESTRATED BANK RUN could have a bigger impact than these silly "protests", and it would serve as a wake up call for those millions of Americans who think their money is safe in the fiat fractional reserve ponzi.

Fri, 10/28/2011 - 11:38 | Link to Comment Socratic Dog
Socratic Dog's picture

Reckon you'd get a nice little vacation in Guantanamo Bay for that one amigo.  Really.

Fri, 10/28/2011 - 12:19 | Link to Comment pupton
pupton's picture

Is this a violation of some law to excersice my right to speak about the subject?  I don't think it's the same as yelling "fire" in a crowded theater, and I am not encouraging civil disobedience, violence, or even anything illegal or immoral.  I'm only suggesting that people go get their money out of the bank, at the same time.  The banks would even know it was going to happen, just like OWS was no secret before it happened.  How would that land me in Gitmo? (which Odumbo promised to close by the way)

Fri, 10/28/2011 - 12:40 | Link to Comment Blano
Blano's picture

I think this was tried earlier in the year (and talked about on here) and resulted in absolutely nothing.  Not even a hiccup.

Fri, 10/28/2011 - 12:57 | Link to Comment goldfreak
goldfreak's picture

the soccer player in France tried it and nothing happened

Fri, 10/28/2011 - 22:20 | Link to Comment buyingsterling
buyingsterling's picture

Never mind then. Forget the idea forever.

Fri, 10/28/2011 - 13:01 | Link to Comment tamboo
Fri, 11/04/2011 - 12:26 | Link to Comment Socratic Dog
Socratic Dog's picture

That almost sounds like you think you live in a free country.  Nah, that would be too ridiculous....

Fri, 10/28/2011 - 10:04 | Link to Comment whstlblwr
whstlblwr's picture

8) Start investigation into government rigging, price fixing in market. Take back free market.

Fri, 10/28/2011 - 10:36 | Link to Comment Elmer Fudd
Elmer Fudd's picture

Oh yeah, hire new regulatory wonks at 200k, then one of 2 things happen: 1) slap the wrists of the offenders for a paltry rounding error amount or 2) nothing and keep growing the govt with those neato jobs because darn it, govt knows best.

Fri, 10/28/2011 - 11:00 | Link to Comment whstlblwr
whstlblwr's picture

Class action lawsuit. Many here who rightly short market would have claim.

"Veterans Win $7.4 Million Settlement in Federal Debt Collection Class Action
Washington, DC: A $7.4 million settlement has been reached in a class action lawsuit brought against the United States government by military veterans.

The suit alleged that the government's methods of recovering debt owed by veterans for purchases made on military bases was not acceptable because the debts incurred had reached the 10 year statute of limitations.

In 2007, Julius Briggs, a disabled army veteran, filed the lawsuit after the US government kept about $2,300 in tax refunds to pay down a $1,857 debt he incurred buying uniforms and other items on base in 1993.

According to media reports, some 6,700 former military will receive $10,000 each from the settlement, which was approved in court Thursday, January 28th.

The Wall Street Journal has reported that the class action is the first to challenge a federal agency's debt collection tactics.

Fri, 10/28/2011 - 10:03 | Link to Comment poor fella
poor fella's picture

Fireproof safe

Fri, 10/28/2011 - 10:03 | Link to Comment Tic tock
Tic tock's picture

It's like when an Idea is felt by enough people with sufficient Will - for the Force is my ally and powerful ally it is

Fri, 10/28/2011 - 10:03 | Link to Comment Norsky
Norsky's picture

I've been buying gold and silver on a regular basis for 3 years using FRN's that normally would have gone into a saving account. My own little way of sticking it to the banksters.

Every FRN I convert to precious metals is one less FRN they can leverage and charge obscene interest to someone else on.

Nice thing is that 'little savings' has grown substantially!

Fri, 10/28/2011 - 10:07 | Link to Comment Dr. No
Dr. No's picture

I was at WFC last night.  The teller noticed my free checking was converted to an account that charges $5 service fee/month.  The conversion was made automatically, without my permission, effective september.  I acknoledged that I was now paying $5 per month where previoulsly I paid nothin (excpet I frequently used the debit card as a visa so they pocked the swipe and % of transaction).  The teller indicated I could reduce the fee if I opened a savings account and linked the two with an automatic transfer each month. 

Let me get this straight,  I can reduced the monthly fee on my single checking account by opening a second account and setting up tranfers between the two????  It is obvious the $5 fee is not to cover administration costs...

 

Short WFC.

Fri, 10/28/2011 - 10:33 | Link to Comment Edelweiss
Edelweiss's picture

I was notified this week by my small (a few branches locally) bank that they are going to start charging a "low balance" fee of $10 on checking accounts if the amount falls below $1,000.00 at any time during the month.  Unfortunately, it's not only the TBTF's that are trying to gouge customers with new bullshit fees.

Fri, 10/28/2011 - 11:17 | Link to Comment Widowmaker
Widowmaker's picture

Your money is 100% bullshit to begin with, every last cent from the last four decades. It's tangiblity is all fraud inclusive.

Fri, 10/28/2011 - 11:38 | Link to Comment Diet Coke and F...
Diet Coke and Floozies's picture

CIBC in Ontario does this. No service charges (about $3.90 CAD) for a balance over $1,000 in my chequing account. I believe, but am not 100% sure, no other bank here even offers that (service charges no matter what).

Fri, 10/28/2011 - 14:24 | Link to Comment Raging Debate
Raging Debate's picture

Don't forget the Kiting - Banks telling customers deposits haven't cleared so your checks bounce at $30-$40 a pop. I had a couple of hillarious dialogues with branch managers in the last couple of years and YES this included local bank recently. Meanwhile, this credit union was building a brand new bigger slipperly-granite building out back.

Fri, 10/28/2011 - 14:47 | Link to Comment malek
malek's picture

Well, the "any time during the month" is the kind of 'gotcha' fee (one day at $900, all other days at $1500 => pay low balance fee!) I despise.

But if they would say "if average balance falls below $1000 we charge you $10 monthly account-keeping fee" then I have no problem with that.

Fri, 10/28/2011 - 10:37 | Link to Comment FEDbuster
FEDbuster's picture

I closed my accounts there last year and moved them to a local bank (which still has free checking).  There must be something different about savings deposits vs. checking deposits, because they want you to move your money to savings.  They are even offering 3% interest for the first year in these savings accounts.  My son still has an account with them, and he has set up this linked account.  They also encourage you to direct deposit all your income into these accounts. 

With the governments moving to prohibit "cash" transactions and the banks pushing for electronic deposits and payments, it looks like the push is on to get rid of cash.  I have also seen a push to eliminate the dollar bill (due to high cost of printing vs. it's value), get rid of the penny and replace dollar bills with coins (no option, just phase out the dollar bill).  Won't be long till every transaction can be tracked (and taxed) using an electronic trail.  A local barter system would be a threat to this.

I think the author of this article is spot on, and all his suggestions are good ones.  "Starve the beast" is the best strategy to kill it.

Fri, 10/28/2011 - 11:01 | Link to Comment GeezerGeek
GeezerGeek's picture

There is nothing new in this list of suggestions except, perhaps, the idea of distributing copies of Griffin's book on the Federal Reserve. As soon as I learn that the book is a) in the public domain, and b) available electronically I will start distributing copies. I'm not aware of that being the case; if anyone can enlighten me regarding this, please do. Until then, I can't afford giving copies of something for which I must pay.

The only reason I have a checking account is to be able to pay certain bills each month. Nobody accepts cash in the mail. I have a savings account a) to get free checking, and b) accumulating too much cash makes me uncomfortable. That said, I have used cash for certain purchases (guns/rifles, electronics, bullion) and where possible not provided a name. Cash is still fine (under $10K) as long as you don't get stopped at some police or TSA checkpoint. In addition, it's fun to observe the looks on a teller's face when I say I want to withdraw 20 $100 bills.

I still believe that the best way to defeat the current corrupt system is to get people (citizens/voters) invested in the concepts of liberty and limited government and vote the bums out.

Sat, 10/29/2011 - 04:45 | Link to Comment StychoKiller
StychoKiller's picture

Loan yer copy of "The Creature..." to someone until they read the first 30 pages, if they don't understand by then, there's no hope for that person.  If' they're a slow reader, read it out to them!

Fri, 10/28/2011 - 12:59 | Link to Comment Rhodin
Rhodin's picture

I have also seen a push to eliminate the dollar bill (due to high cost of printing vs. it's value), get rid of the penny and replace dollar bills with coins (no option, just phase out the dollar bill).

Strangely enough, you can order dollar coins from the mint with a credit card and free shipping!  Some cards even give you points!

Fri, 10/28/2011 - 19:37 | Link to Comment FEDbuster
FEDbuster's picture

They have tried to eliminate the penny, and replace the dollar bill with the dollar coin several times.  There are arguments to be made for doing both. 

I still think the big push will be for eliminating cash all together (mostly for government tracking purposes).  At that point there will be an explosion in barter systems using some form of script, or straight barter for transactions.

Fri, 10/28/2011 - 10:44 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

My credit union, which I have had an account with since 1993, recently notified me that my 'free checking account' would cost me $5 per month fee unless I maintained a balance of $800 or more.

I have not decided what I will do since without the checking account I would probably spend more than $5 per month purchasing money orders to pay my utility, insurance, etc, monthly bills...but the checking account balance is usually around $300 at the end of each month.

I used to keep more money in the credit union checking and savings accounts but since 2007 I converted most to physical PMs and ... disbursed widely.

The only reason that I still maintain the credit union account is that I have a credit card thru them and occasionally use it to fly or rent a car, hotel room, etc.

The damn bankers/gov make it difficult to travel without a credit card.

Land of the free... lol

 

Fri, 10/28/2011 - 11:20 | Link to Comment Widowmaker
Widowmaker's picture

Land of the fraud. Fixed it for you.

Fri, 10/28/2011 - 10:45 | Link to Comment Abitdodgie
Abitdodgie's picture

Anybody that still has a bank account must be a bit soft in the head.

Fri, 10/28/2011 - 13:06 | Link to Comment Rhodin
Rhodin's picture

Maybe they are tired of being followed by men in black for making cash purchases?

Fri, 10/28/2011 - 10:06 | Link to Comment digalert
digalert's picture

BAC - Banks Are Crooks.

Just say no!

Fri, 10/28/2011 - 10:06 | Link to Comment cognus
cognus's picture

UTAH

UTAH

UTAH

UTAH!

Fri, 10/28/2011 - 10:10 | Link to Comment dwdollar
dwdollar's picture

Don't forget weapons and other war supplies. You'll need those to lend aid to the Rebellion against the Empire. If you think the Empire will die a quiet death you're dreaming.

Fri, 10/28/2011 - 10:09 | Link to Comment Josh Randall
Josh Randall's picture

Orson Welles vs. The Bernank - love it!

Fri, 10/28/2011 - 10:09 | Link to Comment Debtless
Debtless's picture

Occupy a Credit Union!

Fri, 10/28/2011 - 10:09 | Link to Comment Savvy
Savvy's picture

My kid, fresh out of high school, racked up a cell phone bill she can't pay. They call my house of course, trying to collect. I love it, I'll chat with the poor collection agency employee, tell them how pleased I am she owes this debt because as long as she does, she'll never be approved to become a debt slave. Sorta by default she's walked away from the system. LOL

Fri, 10/28/2011 - 10:15 | Link to Comment Dr. No
Dr. No's picture

I posted this before, but reminds me of my Depression generation grandmother.  She was on the phone with the bank and she wanted to close an account.  The teller threatened her that her credit rating would be damaged.  My grandmother responded "Credit rating?! I dont care about that.  I want my account closed".  I was clear the teller had no training how to respond to someone who doesnt care about her credit rating.

Sat, 10/29/2011 - 04:50 | Link to Comment StychoKiller
StychoKiller's picture

"Please Br'er Bear, you can do anything to me, but PLEASE DO NOT throw me into that briar patch!"

 

Fri, 10/28/2011 - 10:17 | Link to Comment Ginny
Ginny's picture

A very good way to look at it.

Fri, 10/28/2011 - 13:20 | Link to Comment tamboo
Mon, 10/31/2011 - 19:53 | Link to Comment Tater Salad
Tater Salad's picture

And you call yourself Savvy?  Weird

Fri, 10/28/2011 - 10:10 | Link to Comment Ginny
Ginny's picture

A must read for everyone.  This is essential for your survivial.  The hard part, of course. is teaming up to act.

Fri, 10/28/2011 - 10:15 | Link to Comment jjsilver
jjsilver's picture

Learn the law, ignorance of the law is no excuse, every man is expected to know the law(that's what the courts say). You will learn a mind boggling fraud has been committed upon the people of the uSA. You are not who you think you are. And don't expect any help from the bar card foreign agents whose allegiance is to the court not you!

Fri, 10/28/2011 - 10:30 | Link to Comment indio007
indio007's picture

Ditto to learn the law. I would also add the following. Stop believing falsities about what the law is.

False law number one is the the STATE is the sovereign.

 The STATE is not sovereign for there is no state and there are no citizens.

Those are legal fictions born in acquiescence.

Sovereignty is justified by allegiance. Allegiance is between men not man and corporation.

 

every subject (as it hath been affirmed by those that argued against the plaintiff) is presumed by law to be sworn to the King, which is to his natural person, and likewise the King is sworn to his subjects, (as it appeareth in Bracton, lib. 3. de Actionibus, cap. 9. fol. 107) which oath he taketh in his natural [1 0 b] person: for the politic capacity is invisible and immortal; nay, the politic body hath no soul, for it is framed by the policy of man. 2. In all indictments of treason, when any do intend or compass mortem et destructionem domini Regis (which must needs be understood of his natural body, for his politic body is immortal, and not subject to death,) the indictment concludeth, contra (a) ligeantice suæ debitum; ergo, the ligeance is due to the natural body.....etc....

4 A (c) body politic (being invisible) can as a body politic neither make or take homage: Vide 33 H. 8. tit. Fealty, Brook 15. 5. In fide, in faith or ligeance nothing ought to be feigned, but ought to be ex fide non ficta.


Fri, 10/28/2011 - 10:55 | Link to Comment Abitdodgie
Abitdodgie's picture

You are quite rigth but which state do you talk about for example "state of california"or "california state" two compleatly different places.

Fri, 10/28/2011 - 14:43 | Link to Comment Raging Debate
Raging Debate's picture

I spent ten years learning the law. Let me say that some States they have closed circuit, one way fine machines. Say law says pay up. Even the Soviets didn't dare attempt this form of law without a process at all or Judges just can get away with skipping process.

Why? Because the Soviets knew they implemented this form of law that it immediately discredits the government.

Based on this logic, creating American citizen antagonists seems to be an intent. Says law is coming to all America and very shortly. When it arrives whatever value system of right and wrong will determine compliance.

Fri, 10/28/2011 - 10:12 | Link to Comment Vagabond
Vagabond's picture

Break your chains and opt out.  My goal for next year: buy at least 5 acres of land no mortgage (by first half of the year), get at least 2 hydroponic greenhouses set up on the property, and get solar, wind, or water setup to at least partially offset my energy needs.  When that is complete I'll be ready to quit my job and walk away from the system.

Fri, 10/28/2011 - 11:06 | Link to Comment Crack-up Boom
Crack-up Boom's picture

it's a realy good plan and I wish you success. I just don't understand the name "vagabond" -? 

Fri, 10/28/2011 - 11:23 | Link to Comment Widowmaker
Widowmaker's picture

Taxes will take it all from you. Nice try, but you are still guaranteed a loss.

Fri, 10/28/2011 - 11:27 | Link to Comment w a l k - a w a y
w a l k - a w a y's picture

A great plan,  good luck with that!

 

Old advice, and good advice:

 

“The secret to change is to focus all your energy, not on fighting the old, but on building the new.”  – Socrates

Fri, 10/28/2011 - 13:12 | Link to Comment Rhodin
Rhodin's picture

It would be nice if you could actually own land, instead of renting it from government.

Fri, 10/28/2011 - 15:54 | Link to Comment grid-b-gone
grid-b-gone's picture

I know someone in their third year of opting out. 50+ acres owned outright. No utility bills. Building structures as his investments allow. ATV and solar used to recharge pre-paid phone and electronics. Wind-up radio. He chose a place with trail access to a grocery store, bank, and gas station.

It can be tough at times, but he is happy. When social security kicks in, his income will more than triple. Once the buildings are up, he plans to own a registered vehicle again. He never took any social assistance, not even unemployment when he qualified for it. 

Off the grid and off the dole.

Fri, 10/28/2011 - 10:14 | Link to Comment RobotTrader
RobotTrader's picture

XLF has bottomed.

The lows are probably in for awhile.

Bank stocks could be the No. 1 percentage gaining sector in the 4th quarter this year.

Morgan Stanley is already up 50%, whoever loaded big at the lows is already "retired" for the next 6 months.

I'm here to have fun, make money, and enjoy life.

Not be holed up on a farm somewhere "off the grid" clutching my gold and ammo.

I mean really, what kind of fun is that???

Fri, 10/28/2011 - 10:18 | Link to Comment TheSilverJournal
TheSilverJournal's picture

A lot depends on what the FOMC does Nov. 2. If they come out with another big QE, banks should do great. Silver, though, should do even better.

Fri, 10/28/2011 - 10:27 | Link to Comment abugarance
abugarance's picture

you seriously think QE has not been priced in? why then the market is holding up to its gains?

Fri, 10/28/2011 - 10:54 | Link to Comment TheSilverJournal
TheSilverJournal's picture

It depends on how big the program is. Some QE is definitely priced in.

Fri, 10/28/2011 - 11:41 | Link to Comment GDog
GDog's picture

Some QE is priced in, but is inflation priced in? 

 

Fri, 10/28/2011 - 11:49 | Link to Comment TheSilverJournal
TheSilverJournal's picture

Clearly not since we have negative real interest rates.

Fri, 10/28/2011 - 10:21 | Link to Comment Dr. No
Dr. No's picture

XLF has bottomed.

Seriously?  XLF was $11 even in early october.  It is now trading at $13.90.  A 25% gain.  You are waiting for a 25% gain in order to claim "the bottom is in"? 

Easy there Robo, lets not get hasty!!!! lol

 

Fri, 10/28/2011 - 10:21 | Link to Comment Unprepared
Unprepared's picture

Does it mean you just went long XLF?

Congratulations ... time for me to buy some puts.

Fri, 10/28/2011 - 10:25 | Link to Comment MFL8240
MFL8240's picture

 

100% of their profits made on accounting fraud.  Just read and you will see if this is a group you want to bet on.  I say fuck the banks; I will not be an accomplice to their crimes.

 

Read: BIG Banks Fraudulent Accounting

http://www.gold-eagle.com/editorials_08/willie102611.html

 

Fri, 10/28/2011 - 11:41 | Link to Comment karzai_luver
karzai_luver's picture

robo

 

There are those who enjoy being on a farm son. We value work and producing things of value and understand that "having fun" is a silly goal of a child being shown various flashy trinkets.

 

However go for it.

 

 

Fri, 10/28/2011 - 11:47 | Link to Comment Socratic Dog
Socratic Dog's picture

"I mean really, what kind of fun is that???

A lot of fun, if you have set yourself up with a few nubile comfort ladies, as  you should have.

Fri, 10/28/2011 - 14:56 | Link to Comment akak
akak's picture

I'm here to have fun, make money, and enjoy life.

Not be holed up on a farm somewhere "off the grid" clutching my gold and ammo.

I mean really, what kind of fun is that???

No, RoboTard, you are apparently here to chase the herd, to sell your soul for the almighty dollar and short-term profits, and to ignore the rampant corruption, blinkered venality and unsustainable nature of the fraud that is today's so-called "market', which is increasingly little more than serial interventions and manipulations by a desperate and unaccountable, sociopathic elite bent on maintaining the status-quo at all costs. 

You are nothing but a sellout, a shill for your Ponzi masters, and a collaborator with evil, RobotLemming, and I despise you and all like you with every fiber of my being.

Fri, 10/28/2011 - 14:59 | Link to Comment Raging Debate
Raging Debate's picture

Why Akak? He is giving you information and from what I have observed its pretty good. Deciding to play equitied is freedom of choice. It would be better to be able to conduct diligence for the next five years out. Since I can't properly conduct valuations based on opaque markets and manipulation, I decide not to play there and do other things.

Fri, 10/28/2011 - 16:05 | Link to Comment akak
akak's picture

It is the conformist, unthinking, go-with-the-herd, cowardly, see-no-evil attitude of mindless sheep like RobotLemming that truly infuriates and outrages me, along with the crass, venal belief and value system that is centered around, no, consists SOLELY of, judging all worth and value in life by the chase for short-term profits.  He is nothing but the shell of a human, with nothing inside but dry dust and empty space. 

I know a number of people such as RobotLemming in real life, and I view them as sad and pathetic social and emotional cripples, devoid of true contentment or of any spiritual values, frantically chasing the dollar as a poor and weak substitute for finding meaning to their shallow existence, and attempting to use their never-ending, maniacal profit-scrounging as a balm to soothe their lonely and empty souls.

Fri, 10/28/2011 - 17:14 | Link to Comment Hephasteus
Hephasteus's picture

"I'm here to have fun, make money, and enjoy life.

Not be holed up on a farm somewhere "off the grid" clutching my gold and ammo.

I mean really, what kind of fun is that???"

The kind that comes with your own food security. Not the kind that promises obama's food security and then starves you to death.

Fri, 10/28/2011 - 10:14 | Link to Comment TheSilverJournal
TheSilverJournal's picture

Another way to defeat the banks is to sell your house. If you have equity in your home, you may want to take it out anyway because housing is due to decline 70%-80%.

Fri, 10/28/2011 - 10:36 | Link to Comment samsara
samsara's picture

The other side of that suggestion is 'Have Some one else go into DEPT to the banks by BUYING your home"

And net-net  bank still collecting interest and you haven't done anything.

Fri, 10/28/2011 - 10:47 | Link to Comment TheSilverJournal
TheSilverJournal's picture

My point is that selling your home will help drive housing prices lower. Much of banks assets are mortgages and 60% of homeowners have less than 10% equity, so just another 10% drop in prices will end the system. 

The point you made is a bunch of nonsense. You're not having someone else go into extra debt, they're likely going to buy a home anyway. But YOU would be out of the ownership game and paying a much smaller monthly payment with rent than a mortgage.

Fri, 10/28/2011 - 12:46 | Link to Comment skrapinbeachbum
skrapinbeachbum's picture

"But YOU would be out of the ownership game and paying a much smaller monthly payment with rent than a mortgage."

It depends on where you live for that to work out. In SW Florida a 1400sqft house runs $50-80K with a monthly payment of $450-650/month. However, rent on the same properties is $750+/month. Just saying...

Fri, 10/28/2011 - 13:57 | Link to Comment TheSilverJournal
TheSilverJournal's picture

You've gotta be pretty stupid to pay $750 / month to rent a $50K house. Especially when talking about renting to live in it, not for vacation. Maybe you're confused and you're not taking into account some huge HOA payment that the owner pays and is essentially added on to the monthly mortgage payment, or you're including some huge AC bill that is mixed in with rental charges. 

Fri, 10/28/2011 - 10:15 | Link to Comment Chippewa Partners
Chippewa Partners's picture

A big shout-out to Tyler Durden and pals for getting a wonderful mention in the new issue of Institutional Investor magazine.

Even the establishment knows where the truth lies!  TD for POTUS in my book. 

Fri, 10/28/2011 - 10:15 | Link to Comment steve from virginia
steve from virginia's picture

Some of this material is useful but too politically libertarian and therefore irrelevant. Important steps are left out:

- Get out of debt by any means necessary and don't take on any more.

- Throw away the television.

- Get rid of the car.

- Become a vegetarian.

The average car represents $10k a year down the rathole per year for every owner, this does not include indirect subsidies all Americans pay such as pollution/climate related expenses plus ongoing increases in fuel/capitalization costs. Finance, insurance, real estate, contracting, captive regulation, government corruption, war making, and related social and physical ills all orbit around the automobile. This is not a political struggle but a war of cars and car makers against humans.

If you have the network of support, walk away from big-ticket debt items such as mortgage and student loans. Your two most useful words, "Sue Me!"

The one conversation I hear more and more from people is how to become a pot farmer.

Fri, 10/28/2011 - 17:05 | Link to Comment tamboo
tamboo's picture

go here:

http://www.cannabisculture.com/

click on 'grow'

Fri, 10/28/2011 - 10:15 | Link to Comment Tense INDIAN
Tense INDIAN's picture

idea of HUNTER GATHERER  isnt as BAD as people might think

Fri, 10/28/2011 - 10:47 | Link to Comment Elmer Fudd
Elmer Fudd's picture

Its wabbit season!  Would be funny if the folks started decimating the local wild wabbit population!  The local golf course is overru with them at night.  Come get yer dinner right here.  And they are quite good.  Yum Yum!

Fri, 10/28/2011 - 11:12 | Link to Comment GeezerGeek
GeezerGeek's picture

I've watched a great instructional video by Bill Murray on how to hunt wildlife on a golf course. Where I live the biggest problem is avoiding being hunted, in turn, by the gators in the water traps.

Fri, 10/28/2011 - 12:56 | Link to Comment skrapinbeachbum
skrapinbeachbum's picture

Gators taste even better than rabbits, just load up with slugs instead of pellets!

Fri, 10/28/2011 - 10:18 | Link to Comment vegas
vegas's picture

Viva John Galt.

Fri, 10/28/2011 - 10:20 | Link to Comment MFL8240
MFL8240's picture

Easier to simply tell your congressman that if you allow any further bailouts of ANY banks, I will never vote for you and I will work to get you thrown out of office.  The banks will al die a natural death.

Fri, 10/28/2011 - 11:04 | Link to Comment Abitdodgie
Abitdodgie's picture

That will get the congressman shitting himself.

Fri, 10/28/2011 - 11:21 | Link to Comment GeezerGeek
GeezerGeek's picture

It won't affect my neighboring congresscritter, Ditzy When-Speaking (proper initials, accurate replacement name). She'll just blame you for wanting to kill the elderly, destroying the future for the children and causing global warming. Sometimes the only way to get rid of people like this is to redistrict them into oblivion. But then, who knows what a person does once elected? My district voted in a war-hero tea-party-supported candidate and he still voted to increase the debt ceiling.

Fri, 10/28/2011 - 10:23 | Link to Comment Legacy Oblivion
Legacy Oblivion's picture

Well written and insightful. Kudo's

Fri, 10/28/2011 - 10:24 | Link to Comment proLiberty
proLiberty's picture

This is a political system that is advancing political ends through monetary means.  The only real way to change it is by replacing the decision makers with ones who firmly know how morally corrupt the current fiat money system is.    When combined with a tax on incomes (however defined), it is the grandest and most pervasive system of theft in human history. 

Fri, 10/28/2011 - 10:42 | Link to Comment High Plains Drifter
High Plains Drifter's picture

well the simple answer is to get rid of the fed and get rid of usuary. but this simple answer has a downside. and that downside is fiat withdrawal symtoms and those withdrawal pains will be most severe. going from fiat to gold and silver as the consititution stipulates will be like the rotation of the earth in its axis stopping....

Fri, 10/28/2011 - 10:58 | Link to Comment johny2
johny2's picture

FED can not be removed without a serious damage to its host. Even if most of the people realised how corrupt this system has become, they would not have the courage or strenght to change it. Still, hope springs eternal and even if we don't live to see it, one day the money masters will pay the price.

Fri, 10/28/2011 - 10:29 | Link to Comment High Plains Drifter
High Plains Drifter's picture

look all of this talk is just words. words mean nothing .  gaddafi thought he was untouchable. but they went there and they killed him after they had finished using him. he was supported by about 90 percent of the people and most of the people did nothing to help him or help their country. they just go with the flow. whoever is in charge is ok with them.  and people want change here?  don't make me laugh...........it is a sick thing to witness. sick........and very very sad. 

Fri, 10/28/2011 - 11:09 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

HPDrifter... Excellent observations. Since over 50% of US citizens are feeding at the gov trough, in one manner or another, how many of these feeders are going to 'revolt'?

This Flocked up system is in process of collapsing of it's own weight. Too many zombies are trying to join the 1% at the top getting fat on too few that are still productive.

Buy PMs, sit back and watch the show. I see no reason to enter direct confrontation with an out of control unlawful authority that will land me in the hospital, a grave, jail, or reclassified as a 'terrorist'. The bastards running this ponzi scheme don't care what we think and they don't care how many of us are killed if we start serious, overt protests. The real revolutionists will come out when they get hungry!

Buy physical, plant and harvest a garden, prepare, watch the show.

Fri, 10/28/2011 - 15:17 | Link to Comment Raging Debate
Raging Debate's picture

Stop being such a pussy. You're scared we get that. Realize messengers understand already they are disposable. That the risks are very high. In the grand scheme of things, physical death is irrevelant. Science could tell me that.

Fri, 10/28/2011 - 10:33 | Link to Comment wharfdaddy
wharfdaddy's picture

Great little video by E. GRiffen on the left-right paradigm...repub-dems =2 wings of the same bird

http://www.personalliberty.com/feature-video/ed-griffin-on-the-left-righ...

Fri, 10/28/2011 - 10:34 | Link to Comment common_sense
common_sense's picture

REVOLUTION !!!

Fri, 10/28/2011 - 10:39 | Link to Comment High Plains Drifter
High Plains Drifter's picture

when you say the word revolution. what is it you want and what do you think that word really means?  do you understand what this would mean to this country and to our way of life, the life that we now lead, such as it is?   i think people should think long and hard before they say, we want revolution. our lives would for most of us be forever changed in a instant and the pain would be enormous and the costs would be high. are americans prepared to stomach such a thing?  i think not.

Fri, 10/28/2011 - 13:12 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Many like the idea of revolution. After all, it's something new and many assume new means better. Unfortunately, revolution, like war, is a long period of pure hell... without glory that youth dream of.

"You say you got a real solution
Well, you know
We'd all love to see the plan
You ask me for a contribution
Well, you know
We all doing what we can
But if you want money for people with minds that hate
All I can tell you is, brother, you have to wait
Don't you know it's gonna be
All right?
All right
All right
Ahh"

Beatles...One verse of 'Revolution'... circa 1968... yes, I know, there is more than one version.

The Beatles were saying 'stop and think about what you are going to replace this fucked up system with!'... imo. After all, their parents told them about the revolution in Germany that nearly destroyed England along with the rest of the world. This tune was written only 23 yrs after WW2 ended, during Viet Nam protests, violent campus protests, etc... and the people were not even hungry or indebted up to their azzes.

Fri, 10/28/2011 - 14:20 | Link to Comment Rhodin
Rhodin's picture

The Beatles were saying 'stop and think about what you are going to replace this fucked up system with!'

Assuming a creditable force, with a chance of replacing the current regime, could actually be raised; what comes from the outside while you are engaged in battles?  Regardless of how good a plan and intentions are, and, even if you "win", do you get the chance to implement them?

IMHO a ju-jitsu type revolution will have to deal with a counter revolution (or coup) from the MIC and/or a war with foreign nations.  A violent revolution is likely to be brutally put down and lead to a "hard" police state as opposed to the "soft" police state we have now.    In the unlikely event of stalemate or win by revolutionaries, foreign powers are likely to create havoc.  Consider LA without cops, apply that to the world without US MIC, LA comes out looking better. 

We are need patience to allow this system to collapse in tis own time.  Violent opposition will lend it temporary strength and create unnecessary casualties. 

Fri, 10/28/2011 - 10:34 | Link to Comment mess nonster
mess nonster's picture

Deeat of the system has to run even deeper tha this. What or who do you depend upon? If that entity has some material manifestation, then it will fail you. Odd as it may seem here, the old advice, "Take no thought for what you shall eat, or what you shall wear..." is the really only failsafe method of defeating these powers. Talk about an alternative currency! If everyone stopped worrying, then where would the international banking satanists get their power from?

Fri, 10/28/2011 - 11:29 | Link to Comment GeezerGeek
GeezerGeek's picture

The proper attitude regarding our political/economic environment is explained in Ecclesiastes.

That's in the Old Testament for those who, like the politician Howard Dean and the Book of Job, don't know where to find it.

Fri, 10/28/2011 - 10:36 | Link to Comment Magnix
Magnix's picture

Run your own bank by stocking up gold/silver in your possession!

Fri, 10/28/2011 - 10:36 | Link to Comment Miss Expectations
Miss Expectations's picture

“One conceals oneself standing silently beside the trunk of a tree and what there is of a reflective tendency in his nature is intensified. One shudders at the thought of the meaninglessness of life while at the same instant, and if the people of the town are his people, one loves life so intensely that tears come into the eyes.”
? Sherwood Anderson

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