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Guest Post: What If We're Beyond Mere Policy Tweaks?

Tyler Durden's picture




 

Submitted by Charles Hugh Smith from Of Two Minds

What If We're Beyond Mere Policy Tweaks?

The nation's ills cannot be fixed by thousands of pages of regulation or more policy tweaks. Only a profound cultural transformation can address our problems.

The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on.

But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum.

Does anyone really think that the lack of another centralized Federal fiefdom and thousands of pages of additional regulation is what ails sickcare? Of course not. In effect, we as a society have completely lost the ability to honestly admit a problem exists and that the solution is not to paper it all over with more regulation and insatible, ever-rising debt-based funding, paid for by our children, grandchildren, and their children.

Consider the National Security State, busily constructing rectangular mountains of office space to house its vast, unchecked, oversight-free Empire. Does anyone actually know what tens of thousands of highly-paid people are doing in all these sprawling fiefdoms of National Security? And I don't mean the Pentagon or the NSA--the buildings sprouting all over the tonier bits of D.C. and its suburbia are the metastasizing results of the "green light" given to anything remotely connected to GWOT--the global war on terror, the war that by definition can never be declared won or even ended, the war that always requires more funding lest one "event" slip through the cracks.

If nobody in the elected chain of command actually knows where all this "black budget" money is going, what are the odds it's being spent wisely and prudently? "No meaningful oversight" inevitably leads to abuse of budget and power. If we haven't learned that, then we are well on the way to financial and political self-destruction.

Consider the Glass-Steagall Act, at 37 pages in length, and the 2,319-page monstrosity of corrupted Federal power, the “Dodd-Frank Wall Street Reform and Consumer Protection Act:" (Source)

Back in December, Nick Schulz helped put the size of the 2,074-page healthcare bill into some historical context by comparing its length to some previous bills that rank among the most consequential in U.S. history, like the 82-page Social Security Act of 1935 and the 74-page Civil Rights Act of 1964.

 

Now that Congress has passed the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” it might be a good time to compare the 2,319-page financial reform bill (245 pages longer than the healthcare bill) to the previous bills listed below (and see graph) that are considered among the most consequential legislative acts for banking and finance.

 

1. Federal Reserve Act (1913) – 31 pages.

 

2. Glass-Steagall Act (1933) – 37 pages.

Though few have delved into the ramifications of this monstrous power-grab, it seems that the Executive Branch has grabbed potentially unprecedented powers with little if any oversight by Congress--all in the supremely Orwellian pursuit of "consumer protection."

If a 37-page bill took care of the problem in 1933, why can't the same 37-page bill be re-instated? Why, indeed. The reason is that the bill impedes the flow of public funds to favored cartels and opportunities for financial looting by these cartels, and so a monster is created that nobody understands and which limits or simply overwhelms oversight by elected officials outside the Imperial Presidency.

The entire financial and political infrastructure is corrupt. Perhaps it is time to note that the most thoroughly, venally, pervasively corrupt nations on Earth all have abundant regulations against corruption.

Regulations don't stop or limit corruption, fraud and embezzlement by magic. Sickcare is beyond being "fixed" by thousands of pages of policy tweaks, limitations and regulations. The financial system is beyond being "fixed" by thousands of pages of arcane regulations that only serve to obfuscate the looting and predation while enshrining another vast Federal fiefdom that harvests the national income while accomplishing nothing of substance.

Regulation only functions if the culture and the society have a value system and a will to enforce it. The American people have lost those values and the will. Complicity reigns supreme. Instead we support going through the motions of adding layers of bureaucratic bloat, and listening to Soaring Rhetoric (TM) from bloviated politicos who promise us "prosperity," "recovery" and all the rest without any sacrifice or engagement.

Going through the motions never solved anything. 2,000-page regulatory thickets are one thing, and one thing only: purposeful obfuscation via complexity. ( America Is Just Going Through the Motions (November 19, 2010):

A profound realization hit me last night: America is just going through the motions now--of reform, of healthcare, of everything. America's leadership--both its elected and appointed officials, and its "shadow" Financial Power Elite leadership (the corporatocracy of crony Capitalist cartels and rentier/speculative parasites) are just going through the motions of financial reform. And the American public is resigned to just going through the motions of accepting the travesty of a mockery of a sham that is called "reform," too, even as they understand in their bones that nothing has been fixed and the next financial crisis has already been cooked into their future.

 

One of our few reliable voice of reason in the world of finance, Simon Johnson, has already laid bare how the the next financial crisis and inevitable bailout of the banking parasites will unfold. His article in The New Republic Way Too Big To Fail reveals how the "too big to fail" banks have shredded the wet paper bag of "reform" Congress went through the motions of conjuring up: they are quickly expanding globally, beyond the reach of any mere nation-state's grasp.

 

Let's be honest, shall we? There never was any fire for real reform of the financial sector. It was all rote, a foul, stupid play-act, a passionless pantomime of "caring" and fake-"progressiveness" displayed for propaganda purposes.

 

Real reform occurs when the political class of toadies, sycophants, leeches and cowards is forced by a near-universal public outrage to pass simple, powerful legislation and the budgetary resources to enforce that legislation. For example, the landmark environmental laws of the 1970s. Rivers in America used to catch fire before this Federal legislation; now they don't. There was a true passion and desire in the nation to clean up the industrial pollution that was destroying the nation's commons.

 

There was no real fire for financial reform in the politico class. All they had to do was wait out the public's outrage over TARP and then get down to the business of collecting contributions from financial players and their armies of toady-lobbyists.

 

So Washington went through the motions of "reform" and the regulatory agencies went through the motions of "enforcing" existing regulations. But nobody was indicted, no RICO suits filed on behalf of the defrauded, no billion-dollar penalties slapped on those who carted off tens of billions in embezzled, ill-gotten gains, and no perps forced into bankruptcy.

 

In other words, nothing got done except another layer of useless, overpaid bureaucracy was added to the bloated, overstuffed Federal payroll.

 

The exact same dynamic is visible in the "healthcare" (a.k.a. sickcare) "reform." 2,000 pages of mind-numbing slicing and dicing of the vast flood of national treasure that flows to the sickcare cartels, and nary a single word on the actual health of the American public, which continues to deteriorate on multiple fronts.

 

The "reform" is to add multiple layers of bureaucracy and additional costs on a bloated, out-of-control system in which 50% of the money is already wasted on fraud, needless procedures/meds and paper shuffling.

 

It was all about going through the motions of reforming a system everyone knows is beyond dysfunctional.

The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot.

This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting; the problems can all be solved without any work or sacrifice on our part.

Our complicity in the corruption is never mentioned: our votes for kleptocractic politico toadies who promise us that our share of Federal swag will not be sacrificed, our interest payments to the banking cartel/oligarchy, our acceptance of bogus statistics, bogus "reforms" and ceaseless propaganda as legitimate, and lastly, our silence in the face of destructive deficits, lest our share of the swag be cut.

This is how once-great Empires end: toothless regulations are passed by bought-and-paid-for legislatures for the purposes of perception management, and a populace addled by constant entertainments and staged combats in the Coliseum listlessly pursues their "right" to bread and circuses of distraction.

 

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Mon, 02/06/2012 - 20:40 | 2132438 Ahmeexnal
Ahmeexnal's picture

Worldwide martial law is coming, but it will fail, just as it failed in Jamaica.

http://en.wikipedia.org/wiki/Morant_Bay_rebellion

http://www.youtube.com/watch?v=fQVvAryiR80&feature=fvst

Mon, 02/06/2012 - 20:43 | 2132473 trav7777
trav7777's picture

You mean, what IF oil really HAS peaked and all this financial shit amounts to a hill of crap?

NFW, that's just ME WORSHIPPING BALE

Mon, 02/06/2012 - 20:52 | 2132487 Ahmeexnal
Ahmeexnal's picture

Riiiiight....the universe will collapse because of "peak oil".   Just as it collapsed with "peak whale oil" and "peak coal".

That's the problem with idiots with no grasp whatsoever on science.  They always believe what the TV tells them on the evening news.

Let me guess: you have a portrait of Al Sore on your desk.

Mon, 02/06/2012 - 20:57 | 2132502 knukles
knukles's picture

But it's a rhetorical question, isn't it?

Mon, 02/06/2012 - 21:21 | 2132526 Don Birnam
Don Birnam's picture

To this piece, I offer a quote from Tacitus, with the accompanying admonition that those who rule shall stand in opposition to reform of any kind and to any degree, and will engage any attempts at same with every power at their disposal...

In a state where corruption abounds, laws must be very numerous.

Tacitus.

Mon, 02/06/2012 - 23:37 | 2132841 Manthong
Manthong's picture

James Grant notes our move "from central banking to central planning".

Mon, 02/06/2012 - 23:42 | 2132852 Transformer
Transformer's picture

Ahmeexnal--"

Worldwide martial law is coming, but it will fail, just as it failed in Jamaica."

http://en.wikipedia.org/wiki/Morant_Bay_rebellion

 

I went to the link.  It didn't read like the martial law failed, to me.  In fact hundreds and hundreds of blacks were slaughtered, hundreds flogged, and in general got the shit beat out of them.  White deaths were under 20.  that kinda seems like the Martial Law was pretty successful, at putting down the masses.

Tue, 02/07/2012 - 10:00 | 2133563 Are you kidding
Are you kidding's picture

Maybe he means after...later...ever been to Jamaica? I've been there ONCE...never again. It's a shithole, apparently martial law didn't work out too well.

Mon, 02/06/2012 - 21:52 | 2132608 Michael
Michael's picture

Lying to the public about the economy deja vu Hungary style;

We Lied to Win, Says Hungary PM

"Hungary's prime minister has admitted saying that his party lied to the public to win April's general election.

Ferenc Gyurcsany's admission came after Hungarian radio played a tape of a meeting he had with his Socialist MPs a few weeks after the election.

On it he says the party had lied to the public and his "boneheaded" government failed to introduce any real policies.

About 3,000 people gathered outside parliament on Sunday calling for him to resign but Mr Gyurcsany has refused.

Economic reforms

The meeting concerned was on 26 May, about a month after the governing coalition had won 210 of the 386 parliamentary seats.

A brief excerpt was played on Hungarian state radio and others appeared on web sites. It is not clear how they were leaked.

If we have to give account to the country about what we did for four years, then what do we say Ferenc Gyurcsany Send us your views

In the excerpts, Mr Gyurcsany says harsh economic reforms are needed.

"There is not much choice. There is not, because we screwed up. Not a little, a lot. No European country has done something as boneheaded as we have.

"Evidently, we lied throughout the last year-and-a-half, two years. It was totally clear that what we are saying is not true.

"You cannot quote any significant government measure we can be proud of, other than at the end we managed to bring the government back from the brink. Nothing. If we have to give account to the country about what we did for four years, then what do we say?"

Mr Gyurcsany thanks "divine providence, the abundance of cash in the world economy and hundreds of tricks" for keeping the economy above board.

In a speech sprinkled with obscenities, he says: "We lied in the morning, we lied in the evening."

Some analysts suggest the leak may be with the prime minister's permission as he posted a full transcript on his own web blog.

Mr Gyurcsany may be trying to emphasise the need for tough reforms, they say. Local elections are set for 1 October.

Mr Gyurcsany went on television on Sunday amid the row and said the "lies" he referred to were those politicians told citizens, who now believed they could have "happiness as a gift".

"We have to stop the deluge of lies which have covered the country for many years," he said."

http://news.bbc.co.uk/2/hi/5354972.stm

Mon, 02/06/2012 - 23:09 | 2132786 JW n FL
Mon, 02/06/2012 - 23:12 | 2132789 JW n FL
JW n FL's picture

 

 

Eat the Rich!

The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

http://www.federalreserve.gov/faqs/about_14986.htm

 

They have been eating You! and Yours!! for GENERATIONS!!!

 

Article I, Section 8, Clause 5, of the United States Constitution says

"Congress shall have the power to coin money and regulate the value thereof and of any foreign coins".

But that is not the case.

The United States government has no power to issue money, control the flow of money, or to even distribute it - that belongs to a private corporation registered in the State of Delaware - the Federal Reserve Bank.

 

Mon, 02/06/2012 - 23:15 | 2132800 JW n FL
JW n FL's picture

 

 

http://www.bankofengland.co.uk/publications/news/2011/068.htm

 

News Release
The race to zero - Speech by Andrew Haldane

 

The cause of dislocations in price may be the disappearance of liquidity in situations of stress. Andrew Haldane argues that the advent of HFT and fragmentation may have made this more likely, with HFT firms more inclined to withdraw liquidity. Meanwhile, longer-term investors may be either unable or unwilling to fill the liquidity gap because HFT activity makes this unprofitable or risky. The result is a potential double liquidity void and a greater dislocation of prices at times of stress. Many of these features were evident during the so called "Flash Crash" of 6 May 2010 with HFT ".adding liquidity during a monsoon and absorbing it during a drought".

http://www.youtube.com/watch?v=x3EUzV5_TUs&feature=related

A Rothschild Speaks on the idea of Developing One International Currency

 

Tue, 02/07/2012 - 06:30 | 2133301 Struan
Struan's picture

Austerity measure were taken in 2010. People didnt protest then, they protest now because they`re fed up with the corruption of the government and robot talk of the PM, which is just a remote control of the president. And now the president appointed an external SECRET SERVICE boss to be a PM. He will go through vote in parlament but the guvernemnt coallition has the majority so he will get trough.

 

 

 

Mon, 02/06/2012 - 21:54 | 2132610 Spastica Rex
Spastica Rex's picture

In way of response: hmm... I'm not so sure...

Mon, 02/06/2012 - 21:20 | 2132548 Matt
Matt's picture

When was Peak Coal again? What's that, Oil replaced Coal before the peak? What's that, Oil peaked in 2005 and we are NOT in the process of transitioning to an alternative?

Are you "All In" on LENR? Or what other alternative do you see replacing Oil in the very near future?

Mon, 02/06/2012 - 21:31 | 2132566 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

We need to find the magical den of unicorns and all will be fine.  To the Realm of Marmagon, where our elven brothers can help us!

Mon, 02/06/2012 - 21:57 | 2132617 Spastica Rex
Spastica Rex's picture

God planned for everything. No limits to growth; not how God rolls. Soon, plain water will be used to power everything. Somebody actually said that once, IIRC. Anyway, the Invisible Hand Saves, all praise be to It. I mean Him. It is a Him, isn't it?

Mon, 02/06/2012 - 22:02 | 2132627 Jumbotron
Jumbotron's picture

MsCreant might disagree.  In fact He may be HER !

Mon, 02/06/2012 - 22:51 | 2132743 Kali
Kali's picture

You rang? : )

Mon, 02/06/2012 - 23:32 | 2132831 Pontius
Pontius's picture

Whatever.

Tue, 02/07/2012 - 00:31 | 2132945 knukles
knukles's picture

Fucking Awesome.

Just When Plain Water Has Disappeared.  Except that bio-engineered by Monsanto. 
Solution is to start Chemtrailing Xanax and Ativan.

Mon, 02/06/2012 - 21:29 | 2132560 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Whale oil peaked?!  Ooooh no, now we can't drive cars anymore!

Mon, 02/06/2012 - 22:36 | 2132709 Ahmeexnal
Ahmeexnal's picture

Riiiiiiight.....mankind has always had cars.  What are you, a valley girl?

Tue, 02/07/2012 - 03:19 | 2133155 Problem Is
Problem Is's picture

Peak beer worries me...

Mon, 02/06/2012 - 21:59 | 2132598 Jumbotron
Jumbotron's picture

Ahmeexnal ignorantly puked.....

"Riiiiight....the universe will collapse because of "peak oil".   Just as it collapsed with "peak whale oil" and "peak coal".

Ok...so name the next big thing in energy.  Please Bill Nigh the Science Guy.....what exactly is out there that has a better ERORI than oil which was the case when oil replaced whale oil and coal which replaced wood which replaced dung.....

HHHMmmmmm......

Oh....while you're at it propellerhead.....let us know what is out there that NOT ONLY has a better EROEI than oil  but can be ramped up for long enough to keep the perpetual growth machine going?

HHmmmm.......

Now that I think about it.....what COMBINATION of things which have a LOWER ERORI can ALL be brought to bear to replace oil in time before the wheels of the perpetual growth machine fall off thus starving these supplies of cornucopian oil replacements much less fuel further exploration, discovery and extraction of ever more expensive to find and refine oil ?

HHHmmmm???????

And by the way....Al Gore is all about Global Warming not Peak Cheap Energy.  He may be a Greenie.....but that's irrelevent.  Thanks for the Straw Man anyway. 

Now answer the fucking questions.  First place to look is theoildrum.com         Lot's of info from people in the industry.  They've even kicked out folks who are too fringe.  They now  concentrate even more on data and facts.  Do the same.

Peak Oil is not about RUNNING OUT OF OIL !   It's about running out of ENOUGH CHEAP OIL to continue to fuel the perpetual growth machine called Global Capitalism.

Mon, 02/06/2012 - 22:26 | 2132648 Ahmeexnal
Ahmeexnal's picture

Nice office you have there....on BP tower.  How's Tony Hayward doing?

I'm pretty sure someone unable to correctly spell IRRELEVANT would no doubt be unable to conceive of a better energy alternative than the one currently in use.  If it were for your kind,  we'd still be stuck on the flat earth model.

 

Mon, 02/06/2012 - 22:55 | 2132756 Jumbotron
Jumbotron's picture

"Nice office you have there....on BP tower.  How's Tony Hayward doing?

I'm pretty sure someone unable to correctly spell IRRELEVANT would no doubt be unable to conceive of a better energy alternative than the one currently in use.  If it were for your kind,  we'd still be stuck on the flat earth model."

 


N
ot taking the time to spell check irrelevant is just that.  Not sure what you mean by nice office on BP tower.....put down the wine glass, you've had enough for the night.....

 

Now, enough bullshit.....answer the fucking questions.

Mon, 02/06/2012 - 23:51 | 2132866 Transformer
Transformer's picture

I don't suppose anyone wants to talk about abiotic oil, hmmm?  It's just another one of them fringe theories, where a small, backward country comes up with a science project that eventually makes them the world's number one oil producer.  Ooops, not allowed to talk about on the Oildrum, where free speech reigns supreme.  I guess we shouldn't talk about it here either.

Tue, 02/07/2012 - 10:10 | 2133583 mtomato2
mtomato2's picture

Ahm, you're embarrassing yourself. Just stop.  Please...

Mon, 02/06/2012 - 22:40 | 2132718 Hulk
Hulk's picture

No need to worry, I have a company that is installing a shit load of tesla coils on the 33rd parallel.

Infinite energy for all, straight hair becomes curly, curly hair becomes straight, all our ills cured...

Tue, 02/07/2012 - 06:33 | 2133302 Struan
Struan's picture

Thats the peak oil of cheap oil. It will soon be over. There is plenty of expensive oil but it takes a lot of oil to get that oil.

Mon, 02/06/2012 - 22:15 | 2132653 stocktivity
stocktivity's picture

Who is Al Sore?

Mon, 02/06/2012 - 22:19 | 2132659 Ahmeexnal
Ahmeexnal's picture

The guy who invented the internet, global warming, and the pregnant chads.

Tue, 02/07/2012 - 03:23 | 2133160 Problem Is
Problem Is's picture

"Al Sore was born Silver Spoon in hand,
Lord don't he help himself.

It ain't me, it ain't me,
I ain't no Senator's Son."

Tue, 02/07/2012 - 09:27 | 2133481 easypoints
easypoints's picture

EROEI is science, and comparing the respective global dependency of coal and whale oil to crude is ludicrous. I don't know what T.V. you watch, but the media isn't shouting Peak Oil on the news, in print, or anywhere else. In fact they do about all they can to say the opposite. That's usually a contrarian indicator these days.

Mon, 02/06/2012 - 21:30 | 2132561 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Long live the dark lord.

Mon, 02/06/2012 - 21:56 | 2132603 Jumbotron
Jumbotron's picture

Is that Christian Bale? :)

Just fuckin with you.....I agree.....even defended you down below.

 

Edit...oops....up there  ^

 

Mon, 02/06/2012 - 22:06 | 2132634 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Oh shit, the dark lord is the dark knight? 

Go figure.

Mon, 02/06/2012 - 22:29 | 2132607 vast-dom
vast-dom's picture

 

 

"I LOVE YOU" says the whore.

"TRUST ME" says the politician.

"YOU'RE THE MOST IMPORTANT PERSON IN MY LIFE" says the gold digger.

"HOPE AND CHANGE" says the shyster.

And you want to work and sacrifice for them?

I prefer not to. 

 

Mon, 02/06/2012 - 22:51 | 2132735 SillySalesmanQu...
SillySalesmanQuestion's picture

 +1

 

 

 

 

 

Mon, 02/06/2012 - 23:58 | 2132880 delacroix
delacroix's picture

you bastard, she did love me, she said it several times.

Tue, 02/07/2012 - 03:25 | 2133162 Problem Is
Problem Is's picture

"HOPE AND CHANGE" says the Teleprompter...

And the Useful Idiot reading from it...

Mon, 02/06/2012 - 20:51 | 2132489 Hive Raid
Hive Raid's picture

If we were still a country of Americans, we could solve any economic problem. But, we have been invaded by a Mexican army of some 50 million, including the millions of little Mexican soldiers born every year on US soil, whose only loyalty is to La Raza. That adds to the army of over 30 million Africans which have been turning American cities into African cities for many years now. And we cannot forget the few million Jews who are responsible for the 3rd world invasion--who pushed through the 1965 immigration act as a form of genocide against Americans, and to this day enforce the cult of political correctness with their media dominance, to the same end.

No, there is no political solution. That much is certain. The parasites will suck the lifeblood of Americans for as long as it takes to bankrupt and overrun us, and then the natural breakdown and Balkanization will draw new lines over North America.

Mon, 02/06/2012 - 20:54 | 2132497 Ahmeexnal
Ahmeexnal's picture

Are you another graduate from Trav's Trailertrash University?

Mon, 02/06/2012 - 21:04 | 2132513 achmachat
achmachat's picture

I take you are a native American?

Mon, 02/06/2012 - 21:18 | 2132543 Hive Raid
Hive Raid's picture

Indeed. My people built this civilization out of the wilderness. And now it's being destroyed, and many of us don't support that. Those of you who do support it are traitors, unequivocally.

You are likely a Jew, no? There is a question as to whether a Jew can be considered an American traitor, as--loyal to Judea--they are never really Americans in the first place.

Mon, 02/06/2012 - 21:37 | 2132574 economics1996
economics1996's picture

The happiest neighborhoods are the most homogenous.  We the people have a right to language, borders, and culture.  Otherwise why even have a “country.”

As for the Yids, just Google US spies and see how many are Yids.

Mon, 02/06/2012 - 22:00 | 2132619 Spastica Rex
Spastica Rex's picture

Nah, same is boring. My favorite neighborhood was smack dab in the middle of urban Seattle. Then I moved to Pendleton, Oregon. Fucking homogenous, much like Twin Peaks.

Mon, 02/06/2012 - 22:07 | 2132636 economics1996
Mon, 02/06/2012 - 22:59 | 2132767 Spastica Rex
Spastica Rex's picture

To each his own? Or is it your way or the highway?

Mon, 02/06/2012 - 23:24 | 2132693 vast-dom
vast-dom's picture

Econ1996: I'm what you call a Yid and let me tell you I ain't no spy. And while you're at it why don't you blame BOTH OF GOOGLE'S JEWISH FOUNDERS and yours truly for our rotten kike-ness. Fucking inbred racist loser! 

I promise you that you wouldn't say shit to me in my Yid face for fear of getting a good old fashioned ass whooping, because the happiest neighborhood's in the civilized world don't have haters living in them.

Hey Ty I think it may be time to ban this POS along with Hive.

Mon, 02/06/2012 - 23:56 | 2132875 Transformer
Transformer's picture

Though I disagree completely with what you say, I will defend to the death your right to say it.--Voltaire

I got nothing against Jewish people, but this seems to be where they fall apart.

Tue, 02/07/2012 - 02:23 | 2133088 Advoc8tr
Advoc8tr's picture

"Hey Ty I think it may be time to ban this POS along with Hive."

This is what irritates people. Always with the sympathy play and calls to ban criticism.  Is your position invertible? Should we ask old buddy 'Ty' to ban you for calling him a "Fucking Inbred racist loser"

 Many countries, especially Israel actively defend their racial and cultural purity?  There is a difference between discussing failed policies of multiculturalism on a national level and being a racist who simply hates other individuals because of the colour of their skin.

Mon, 02/06/2012 - 22:13 | 2132647 zerotohero
zerotohero's picture

Have you ever looked at your family tree???

Mon, 02/06/2012 - 22:36 | 2132710 stirners_ghost
stirners_ghost's picture

Hey Hive Drone--you entitled, nationalist crybaby--go fuck yourself. You built nothing from the wilderness, and nobody owes you a god damned thing--not a job, nor a clean neighborhood, nor a pot to piss in. Your birthright is a great big pile of jack squat, and I would give everything you hold dear to the first beaner who walked across your precious imaginary line in the dirt to claim it, for the nothing more than the satisfaction of having ruined your day.

 

Mon, 02/06/2012 - 23:28 | 2132824 MrPalladium
MrPalladium's picture

So are you saying that hating White people who have the temerity to defend their own group interests is a mark of moral superiority?

Just keep shipping their jobs overseas and watch what happens!

Mon, 02/06/2012 - 21:12 | 2132528 dolph9
dolph9's picture

I generally agree, but haven't you seen the average braindead caucasian male in this country?  And if they can't learn and educate themselves about what's happening, then they aren't any better than the blacks or mexicans.

Not to mention the corporate snakes, almost all of whom are white males, who have no problem flooding this nation with immigrants, or offshoring jobs, as long as their country club memberships and hunting trips aren't threatened.

Idiocracy is not racially exclusive.

Mon, 02/06/2012 - 21:26 | 2132555 Hive Raid
Hive Raid's picture

True. But, superiority has nothing to do with it. It's about preserving one nation, comprised of one people. Multi-racialism is entirely unnatural, and results in endless conflict; that's all there is to it. Too late though. This thing may go off, in a spectacular cataclysm, or it may just erode into one big haiti-tijuana-somalia-rio hell hole. This, from a country that was the height of civilization just a few decades ago. And these politically correct cultists love to watch it burn.

Mon, 02/06/2012 - 21:52 | 2132583 economics1996
economics1996's picture

 

I doubt many people realize this but when the fiat breaks down there will likely result five new countries out of the USA. 

Czechoslovakia now two countries.

Yugoslavia now seven countries.

USSR now 22 countries.

USA will be a minimum of five new countries.

We think we are special, and that people assimilate, we are not, and people cannot change centuries of DNA.

 

Mon, 02/06/2012 - 22:46 | 2132716 akak
akak's picture

That may be true, but the fault lines, and the stressors creating them, were already long present in Czechoslovakia prior to its breakup, as well as in the USSR and, even more obviously, in the former Yugoslavia. 

But where today are the clear boundaries of regionalism that would result in the breakup of the USA?  Aside from seeing southern California, Arizona and New Mexico reverting to Mexico, I really don't see any such clear-cut lines along which the USA might split up. 

(Not that I wouldn't like to see it happen, mind you, if only to destroy the power of the Leviathan State that resides in Washington DC.)

Mon, 02/06/2012 - 23:02 | 2132771 Spastica Rex
Spastica Rex's picture

The Rockies might be a start.

Tue, 02/07/2012 - 00:04 | 2132891 MrPalladium
MrPalladium's picture

"But where today are the clear boundaries of regionalism that would result in the breakup of the USA?"

The lack of "clear boundaries" is what would make such a breakup so "interesting!"

Curiously, the Western globalist corporate types and the financial elite are perfectly happy about the prospect of Americans sliding down to third world living standards, with all that implies for the loss of social cohesion and loss of national power for the U.S. Even more curiously, they have a remarkable smug certainty that they will be allowed to dominate the economies of Asia without resistance from "the natives." Our globalist delusions about human nature and the depth of the preference for genetic self-similarity and the extent of racial consciousness and cohesion among the Japanese, Chinese, Korean, etc. peoples is staggering.

This grand supercycle crash is going to produce truly spectacular fireworks over the next few decades!

Tue, 02/07/2012 - 00:10 | 2132900 deflator
deflator's picture

 U.S. immigration is largely from Africa(legal) and Latin America(illegal but defacto legal). Non-European immigration is part and parcel of our debt based economic models need for infinite growth.  White Europeans at the turn of the century 1899-1900 were 40% of the worlds population. Today White Europeans are 6% of the worlds population and are having about 2-3% of the worlds babies.

 Cheap petroleum products come into the picture as the abundance that mechanized, petroleum based fertilizer farming has created has caused population explosions in areas of the world that otherwise have had centuries of very low life expectancies. Areas that have had many centuries of low life expectancies and concomitant lack of abundance produce high birthrates that naturally offset the rate of dieoff.

Tue, 02/07/2012 - 15:59 | 2135067 Cathartes Aura
Cathartes Aura's picture

your post on "white" demographics vs. "non white europeans" suggests the "elite" (or however you like to call them) are pulling the strings of one big "melting pot" (remember that 1940's amrkns??) of mixed"race" humans, all ruled over by the Gods of Racial Purity, the Great White Man, who will be seen as rare & pure, obvious of worship.

wouldn't that just be a turn. . . it's like a hollywood movie plot. . . *wink*

Tue, 02/07/2012 - 01:08 | 2132994 Harbanger
Harbanger's picture

Free Men only see Tyrants and Liberty.  And chicks.

Tue, 02/07/2012 - 16:01 | 2135075 Cathartes Aura
Cathartes Aura's picture

Free Females realise they are not fowl.

Mon, 02/06/2012 - 22:08 | 2132639 Snidley Whipsnae
Snidley Whipsnae's picture

HiveRaid... "This, from a country that was the height of civilization just a few decades ago."

.........................

1) Height of civilization? You will need to explain how you came to the conclusion that the US was ever 'the height of civilization'.

2) You need a dose of real American History. I suggest Howard Zinn's 'A People's History of the United States'... It continues to be the best selling history of the US ever written.

3) Until you have a thorough understanding of the history of the US and Americas, you should not be commenting on them. You sound like you spend your time listening to the bobble heads on talk radio and/or tv. What they say is to stir the pot and is not worth listening to. Do yourself a favor and read Zinn.

Mon, 02/06/2012 - 22:21 | 2132667 Hive Raid
Hive Raid's picture

Zinn was a Jew. You're so far behind you think you're ahead. A white-hating Jew history teacher forced Zinn on my class in high-school, and another did the same in college. Here's a synopsis of Zinn's revisionist history book: white people are the only bad people in the world, and the only ones who have done bad things in the world; everyone else is good.

"You need a dose of real American history":

9/11 missing links (Jew orchestration of 9/11 attacks):

http://www.youtube.com/watch?v=GD_vwzjdTi4

 

The Israel Lobby

http://www.youtube.com/watch?v=N294FMDok98

 

And the walls came tumbling down (how Jews wage genocide on Americans today):

http://www.youtube.com/watch?v=cyV4xaQgmO8

 

Full documentation, how the Jews destroyed the West. Book pdf:

http://www.prometheism.net/library/CultureOfCritique.pdf

Mon, 02/06/2012 - 23:07 | 2132783 Snidley Whipsnae
Snidley Whipsnae's picture

OK, let's take it one step at a time... since you seem to have a problem answering 2 questions at once...

1) Why, in your estimation, was the US ever the heighth of civilazation?

a) Because the founding fathers settled on the constitution and the bill of rights and their decendents threw them both out the window a bit over 200 years later?

b) Because the best architecture in the US rivals the worst in the rest of the world?

c) Because few communitites in the US, excepting the ethnically diverse, can produce a loaf of bread that is worthy of being called bread?

d) Because the best (most expensive) wines produced in the US are shit compared to an average wine produced in Peru, France, and almost any other wine producing region in the world?

e) Because the US has produced great artists in huge numbers that rival those of Europe or Japan?

f) Because the US concept of lunch is a crap burger at Macadoos eaten behind the stearing wheel while driving 75mph and carrying on a meaningless conversation on a cell phone?

g) Because Eisenhower liked the autobahns that had been built in Germany and decided that since crude oil is endless that the US should have interstate highways coast to coast and subsidized at the cost of abandoning cheaper rail freight, and that everyone should have a couple of autos and forget passenger trains as well?

h) Because the US now spends more on 'defense' than the rest of the world combined... but that military, without a strong economy, never lasts?

I could continue... but, you should have the opportunity to explain to us how the US is exceptional, and 'the heighth of civilization'... as you put it.

 

 

Tue, 02/07/2012 - 00:02 | 2132887 Transformer
Transformer's picture

Ok, smarty pants.   How about the Superbowl?   Got you on that one huh? 

Tue, 02/07/2012 - 07:42 | 2133354 Snidley Whipsnae
Snidley Whipsnae's picture

:)... Yeah, ok. I used to watch the superbowl every year, but stopped caring some years ago... about the time that many began watching just to view the new commercials. Hey, I once had season tickets to the Baltimore Colts games and was in Miami when Joe Namath kicked the crap out of the Colts.

I still watch college fb and enjoy it. Especially the SEC wars.

But, I never miss the world cup soccer games and I'm glad the US is starting to field competitive teams.

 

Tue, 02/07/2012 - 00:40 | 2132960 fuu
fuu's picture

The gutting began almost right out of the gate.

Thomas Iredell

William Gordon

John Allen

Robert Goodloe Harper

 

Tue, 02/07/2012 - 07:43 | 2133357 Snidley Whipsnae
Snidley Whipsnae's picture

fuu... right you are. You left out Hamilton.

Tue, 02/07/2012 - 00:11 | 2132901 Last_2_Sense
Last_2_Sense's picture

There were an awful of white people at the helm of the ship of state when all these changes you despise so much occurred, so where should the blame really be placed? Racism, hate mongering and even class warfare (to a certain extent) are all tools used by those who have divided us in order to conquer us for centuries. So due to your own hate and ignorance you end up doing the bidding of the very people who were in charge of effecting the change your bitching about. And then you call on Tyler to censor someones free speech! Your stupid and your a hippocrate, nuff said. 

Tue, 02/07/2012 - 15:41 | 2134980 Cathartes Aura
Cathartes Aura's picture

reading a day old thread with today's coffee, no reason to reply, but damn - you are so deluded here!

you whine about, what was it upthread, 30million? "illegal Mexicans" who have "taken over" amrka - HOW MANY MORE WHITE MEN are there, numbers, ratio??  how on earth have "they" taken over "your" country??  how many "mexicans" are in CONgress? in top government positions??  vs. "white men"??

It's about preserving one nation, comprised of one people.

do yourself a favour, and RESEARCH when that fairytale nirvana was EVER a fact in "America" - ever!  "one people" of purely whitebread folks?? NEVER dude, NEVER.

nationstate boundaries, and their demographics change all. the. time. - usually from invading WHITE men, colonising for resource theft - although now they do it "financially" - and now China, and other NON-WHITE nations are amassing citizen cannon fodder, so no doubt there will be incoming RACIAL MIXING yet again in the world.

same as it ever was.  really, read some history, it's all about WARS, invasions, re-jigging of populations, rape of local women for fucking up your precious "racial purity" - all. the. time.

This, from a country that was the height of civilization just a few decades ago.

define "civilizaton" - if you mean credit booms & more "toys" in every garage, then yeah, maybe - but amrka has been living off the backs of other nationstates, through military resource theft, manipulation of governments to allow corporations to USE other nations citizens for labour, etc. etc. - it's your turn dude - DANCE.

 

Mon, 02/06/2012 - 21:29 | 2132558 Stack Trace
Stack Trace's picture

Thank you. (to Dolph9)

Mon, 02/06/2012 - 21:40 | 2132578 Newsboy
Newsboy's picture

Ha ha ha, Hive Raid.

The "Mexican" bloodline precedes the European bloodline in these parts by at least 10,000 years. They are the children of this land. We are the userpers, but I like to be a polite userper. There is no difference between Mexicans and Native Americans except that of different tribes and amounts of interbreeding with various waves of subsequent immigrants.

As to the unforeseen consequences of enslaving Africans and bringing them to this continent in chains, with the majority dying on the way, we'll just have to all live with that wise decision of our wise ancestors who came to this land to "Manifest Destiny", with god's blessing and guidance and such.

What's your "energy descent plan"?

Racist whining online?

Can't survive that way...

Mon, 02/06/2012 - 21:44 | 2132590 economics1996
economics1996's picture

I see by your enlightened attitude you never lived in the ghetto.  We will see how enlightened you are when the fiat breaks down.

Tue, 02/07/2012 - 14:40 | 2132701 Newsboy
Newsboy's picture

Aloha Economics '96.

"When the fiat breaks down" is where MY "energy descent plan" will be already well in place.

And yes, during my 1970s college days I worked in the kitchen of a city hospital 32 hrs a week with almost exclusively black and Mexican folks, including young black men my age.

There were problems. I dealt with them. I have no illusions, and I did not lose any fights.

I haven't needed to fight for a long time. Hoping to avoid it, now that I'm older (wiser?).

Tue, 02/07/2012 - 00:48 | 2132974 Harbanger
Harbanger's picture

Living in a ghetto means 1 of 2 things,

1) you don't live in a free country.

2) you and/or your parents sck at making a living.

Tue, 02/07/2012 - 00:34 | 2132950 Harbanger
Harbanger's picture

We are all descendants of Winners.  Evolution 101.

Tue, 02/07/2012 - 05:45 | 2133278 Sandmann
Sandmann's picture

Regression to the Mean

Tue, 02/07/2012 - 08:40 | 2133408 Snidley Whipsnae
Snidley Whipsnae's picture

Harbanger... Your understanding of evolution is flawed ... You would have been correct to state that "We are all descendants."... What you have overlooked is that without 'survival of the fittest', society, within three generations, will be overwhelmed with the "feeble minded and promiscuous" ... a phrase in common usage at one time that is now politically incorrect. Of course, this 'elimination of the unfit' is something that the Spartans knew long ago. I can remember in grammer school how the 'cruelty' of the Spartans was impressed upon us...Catholic school.

If you lend some time to thinking about this issue you will probably conclude that if the "feeble minded and promiscuous" were eliminated from the population at an early age, as happens naturally in nature (except in rare cases of advantageous mutations) you may conclude that socialism is a device for protecting the "feeble minded and promiscuous" and that pure capitalism accomplishes the opposite.

For what it's worth... I have considered this question for many years and have come to no conclusion. It's a problem of the altruism prevelant in some humans vs the sociopathic nature of others. A paradox for human nature.

Here is how Oliver Wendell Holmes ruled in Buck vs Bell...

"

We have seen more than once that the public welfare may call upon the best citizens for their lives. It would be strange if it could not call upon those who already sap the strength of the State for these lesser sacrifices, often not felt to be such by those concerned, to prevent our being swamped with incompetence. It is better for all the world, if instead of waiting to execute degenerate offspring for crime, or to let them starve for their imbecility, society can prevent those who are manifestly unfit from continuing their kind. The principle that sustains compulsory vaccination is broad enough to cover cutting the Fallopian tubes. ”

Holmes concluded his argument by declaring that "Three generations of imbeciles are enough".

http://en.wikipedia.org/wiki/Buck_v._Bell

Tue, 02/07/2012 - 16:16 | 2135133 Cathartes Aura
Cathartes Aura's picture

from your Holmes quote:

The principle that sustains compulsory vaccination is broad enough to cover cutting the Fallopian tubes.

ALWAYS with cutting the females, and NEVER with cutting the men - when it is patently obvious that a man's promiscuity over time can generate countless more feeble-minded than a female can.

seriously, it never ceases to amaze me just how precious men are about their penis-privilege.

(not aimed at you Snidley, your posts are always thoughtful - but yeah, the huge blind spot on this issue needs to be focused on. . . some day)

Mon, 02/06/2012 - 22:15 | 2132652 CH1
CH1's picture

If we were still a country of Americans, we could solve any economic problem. But, we have been invaded by a Mexican army of some 50 million, including the millions of little Mexican soldiers born every year on US soil, whose only loyalty is to La Raza.

LOL... you keep telling yourself that. It's the Mexicans! It's the Jews! It's the _______!

Same song, 500th verse. Round em all up! You know they have a secret, evil plan! Put them in camps till we have somewhere to send em! Damn the rebellious bastards to hell! Kill!

Such evil beings, those Mexicans, working to feed their families!

Malice on parade, in its Sunday best.

Mon, 02/06/2012 - 22:28 | 2132688 Caviar Emptor
Caviar Emptor's picture

I think I overheard some Sioux in South Dakota saying they should kill the White Man who poisoned their pure and dominant civilization with their lies, disease, and filthy religion. 

Tue, 02/07/2012 - 01:43 | 2133034 Harbanger
Harbanger's picture

"they should" ? Not should have...you're cute.  You have no idea what makes the world go round do you?  Men live by the grace of God, everyone else lives by the grace of man.

Mon, 02/06/2012 - 23:17 | 2132803 Dr. Engali
Dr. Engali's picture

The hubris of people who believe they have ownership over land never ceases to amaze me. We are here for a brief moment of time as "care takers". We will be gone in a breath. Yet people believe they can own the unownable.

Tue, 02/07/2012 - 00:22 | 2132928 Harbanger
Harbanger's picture

And some people think land isn't TAXED.

Tue, 02/07/2012 - 02:35 | 2133107 Nobody For President
Nobody For President's picture

 Right:

http://www.reuters.com/article/2012/02/07/us-usa-fbi-extremists-idUSTRE8...

 

It is kind of a let-down when a ZH discussion, usually reasonably civil and sometimes very intelligent, degenerates into the racial/ethnic whatever pitiful, ignorant hatred swamp.  Brings ZH down to the Yahoo economic 'discussions' which I have given up upon. This seems to be the first one today in ZH, caught me by surprise. 

A pox on all your bigoted houses.

NFP

Thu, 02/09/2012 - 21:55 | 2144382 DiverCity
DiverCity's picture

Howsabout allowing us to have our own country and culture just like all the "Others?"  Anti-racist equals anti-white.

Tue, 02/07/2012 - 03:14 | 2133150 ChrisFromMorningside
ChrisFromMorningside's picture

Mexicans kept a lot of industry alive in this country that otherwise might've died out. Many Blacks and younger Whites have sadly given up on a lot of hard working jobs like factory work, construction trades, agribusiness, etc. Everyone in the younger generation is chasing around easy money as a Wall Street wizard or taking McJobs in the service sector. The U.S. needs more people doing hard work and building something real, instead of trying to get rich by hustling someone else. The U.S. would be farther down the tubes if it wasn't for the economic/cultural contributions Latinos have made, farther down the "financialization" rabbit-hole.

Tue, 02/07/2012 - 00:17 | 2132915 Harbanger
Harbanger's picture

Modern tech allows Worldwide martial law to be implemented in a heartbeat.  Jamaica?? I don't see the connection.

Tue, 02/07/2012 - 02:46 | 2133119 ChrisFromMorningside
ChrisFromMorningside's picture

Worldwide martial law is already here. *blows your mind*

Mon, 02/06/2012 - 20:33 | 2132446 Racer
Racer's picture

Too many managers and not enough staff

Mon, 02/06/2012 - 21:27 | 2132557 Wolf-Avatar
Wolf-Avatar's picture

Racer That's the whole point isn't it?

You cannot possibly support a 70% service economy with 30% manufacturing capacity.


Mon, 02/06/2012 - 20:36 | 2132452 rsnoble
rsnoble's picture

Recipe for collapse. At this point in time I favor complete all out collapse.

Mon, 02/06/2012 - 22:48 | 2132734 The Monkey
The Monkey's picture

I'll toast you on that. Liquidate and let it bottom. Basic stuff. Yeah, it sucks balls, but beats living the rest of one's life on a respirator.

Liquidate.

Mon, 02/06/2012 - 20:36 | 2132453 Rainman
Rainman's picture

ObamaScare should easily push the whole vessel to the bottom..another logical reason to vote against Hope and Change II .

Mon, 02/06/2012 - 20:57 | 2132503 Snidley Whipsnae
Snidley Whipsnae's picture

“Bureaucracy is undoubtedly the weapon and sign of a despotic government, inasmuch as it gives whatever government it serves, despotic power.”

Lord Acton

Mon, 02/06/2012 - 21:15 | 2132536 Jay Gould Esq.
Jay Gould Esq.'s picture

Quite so. These two posted quotations ( Tacitus, Acton ) rather display a symmetry -- separated by some twenty centuries, but no less true in both ages.

Mon, 02/06/2012 - 20:37 | 2132454 Racer
Racer's picture

U.K. Jan. Retail Sales Fall 0.3%, 2nd-worst Jan. after 2010 since survey began in 1995

 

and that's more than likely a surprise to most of the 1%.. the rest of world lives in the real world of hyperinflation in all things you need for existence but now can't afford because of cut backs in pay and more indirect taxation on what you need

Mon, 02/06/2012 - 20:39 | 2132462 yabyum
yabyum's picture

If You can not write a bill in < 40 pages, you are beholden to to many( to borrow a theme from last thread) Cocksuckers.

Mon, 02/06/2012 - 20:42 | 2132472 ZippyBananaPants
ZippyBananaPants's picture

37 pages of something that worked to protect us, turned into a stack of shit over 2,000 pages that has to be passed to find out whats in it.  

 

Mon, 02/06/2012 - 21:50 | 2132604 economics1996
economics1996's picture

Glass-Steagall was nothing more than a payback by the Rockefellers (Democrats) against the JP
Morgan’s (Republicans) for the 1890 Sherman anti trust act, which should have been called the break up the uncouth Democrat John D. Rockefeller act.

Why this economic myth persists is beyond me.  The housing bubble was caused by Alan Greenspan and his 1% Fed Funds rate (2003-04) and the bubble would have happened with, or without, Glass-Steagall.

Mon, 02/06/2012 - 22:34 | 2132703 Caviar Emptor
Caviar Emptor's picture

A smidgeon oversimplified don't you think? Glass-Steagall put to rest the giant bank Ponzis of the 1920s where $1 could get $10,000 through pyramiding. Mutual funds owned other mutual funds and all borrowed money from depositors at commercial banks. Repeal of Glass-Steagall was part of "market fundamentalism" (the swan song of market euphoria of the 1990s). "Pure Markets", like "pure humans" can't possibly sin. 

Mon, 02/06/2012 - 23:13 | 2132796 Spastica Rex
Spastica Rex's picture

You're harshing his mellow; painting his tidy world in shades of mauve.

Tue, 02/07/2012 - 00:11 | 2132892 Pontius
Pontius's picture

.

Tue, 02/07/2012 - 05:44 | 2133275 Sandmann
Sandmann's picture

Without repeal of Glass-Steagall the Community Reinvestment Act would not have had sufficient votes to be passed. Without access to insured FDIC funding the Banks would have not been able to extend as much credit to trading houses simnply because JP Morgan would not have had Chase and they cleared trades for Lehman and Merrill ultimately bringing them down. In fact the real problem was allowing Wall Street Banks to go public. The rot started when Perella and Wasserstein started Bridge Financing to do "Merchant Banking" which was the opposite of real "Merchant Banking" where bankers do NOt use their own capital in deals. Once they did this they had to securitise.

The whole racket has been going on since the 1980s ratcheting ever upwards with synthetic equity. Wall Street should have stayed as Partnerships with locked in Bonuses as the Equity Base the Partners risked

Mon, 02/06/2012 - 20:48 | 2132476 sgt_doom
sgt_doom's picture

Agreed, overall.

I enjoy doing arithmetic on massively large data sets, and the date I arrive at when the negative econ indicates go shit storm is July of 2012, PIK notes come due, debt deleveraged overload against the innocent masses, etc., etc.

Look for something really weird, politically speaking, to occur either late May or June of 2012, which will then be blamed for the next economic "crisis" which truly screws us!

(And speaking of doing arithmetic with large data sets, a bunch of people involved with publishing a journal of criminalogy did a lengthy non-public study on murders over the past forty years of politically-connected types and found the overall reason to be:  they were all working to radically improve workers' rights -- this also applies to JFK, Rev. Martin Luther King, RFT and Sen. Paul Wellstone and his family.

Just reflection on the exponential function of people beginning to receive their just pay and salaries and benefits and pensions, and suddenly the numbers appear staggering???)

Mon, 02/06/2012 - 20:56 | 2132500 Ahmeexnal
Ahmeexnal's picture

"They" will manage to kick the can past July.

Endgame will be December 2012.  

Tue, 02/07/2012 - 08:09 | 2133377 Archon7
Archon7's picture

By "kick the can", you mean the only resource left in their empty toolkit - printing sh!tloads of money to pay the bills?

Mon, 02/06/2012 - 21:34 | 2132572 Wolf-Avatar
Wolf-Avatar's picture

sgt_doom That is probably true, as far as the math goes but you have to take into account the human psychology involved as well.

At some stage, leading up to the mathematical collapse, the sheeple will be pushed to the point where they can no longer watch Dancing with the Stars, or whatever the current tripe is, due to worrying too much about their rapidly deteriorating budgets.

That is the point where the real collapse begins, as people start to protest / riot in a vain attempt to get back the things that are missing from their lives ... such as social security.

I think civil unrest, more than a mathematical collapse of the current house of cards, will more likely be the tipping point.

Tue, 02/07/2012 - 02:12 | 2133080 Handyman
Handyman's picture

I've been watching the US Debt Clock since ZH reported that the US was 100% debt to GDP on Dec 21st.

http://www.usdebtclock.org/

It hit 101% about 6 weeks after hitting 100% and now it’s 102% after about 6 days!!!  How long did it take for Italy go from 90-120%? The US could hit 120% by summer. That would be shit storm matrerial for sure. And in an election to-boot. Who ever wins is fucked.

Tue, 02/07/2012 - 11:24 | 2133805 RiverRoad
RiverRoad's picture

A little war right then might just take our attention off it all, give us a sitting war-time pres and, of course, allow us to print.  Kill a lot of birds with that stone.

Mon, 02/06/2012 - 20:47 | 2132482 zorba THE GREEK
zorba THE GREEK's picture

Maybe we need to take a lesson from the Chinese,( Tough times call for radical solutions) and put

a bullet in the head of those who are corrupt and put the economy at risk. The Chinese even make

the family of perpetrator pay for the bullet. It would certainly make the 'John Corsines' of the country

think twice before they sold investors out to get rich at any cost.

Mon, 02/06/2012 - 21:33 | 2132569 Stack Trace
Stack Trace's picture

Where do we send our donated bullets?

Mon, 02/06/2012 - 22:50 | 2132739 DavidC
DavidC's picture

It's not John Corsine, it's Jon Corzine.

DavidC

Mon, 02/06/2012 - 20:50 | 2132488 Cabreado
Cabreado's picture

"What If We're Beyond Mere Policy Tweaks?"

Mr. Smith, I suspect you are too intelligent to be asking such a question, which only leads me to wondering why you would ask it.

The Human component is The Big One, and no one can address it (or even ponder it, appropriately) in a few short paragraphs.

Said respectfully.

Mon, 02/06/2012 - 22:18 | 2132656 CH1
CH1's picture

He's trying to wake up some sheep. If he says, "we're past the point of no return and it's your fault for your cowardly slumbers" their defense mechanisms will kick in and they will hear nothing.... fingers in their ears and "la, la, la."

Tue, 02/07/2012 - 11:28 | 2133833 mtomato2
mtomato2's picture

You're right. And, in that, it is a very useful Blog entry. It is saying more eloquently what I am unable to convey to the honest, well-intended sheeple around me..

Mon, 02/06/2012 - 20:52 | 2132493 Spastica Rex
Spastica Rex's picture

Uroborus. Some people alive today might get to see what comes next. I won't.

Mon, 02/06/2012 - 20:55 | 2132498 HD
HD's picture

Ominous statement. Why?

Mon, 02/06/2012 - 21:07 | 2132524 Spastica Rex
Spastica Rex's picture

I just think the process is going to take a whole lot longer than the rest of my lifetime; > 30 years or so.

Mon, 02/06/2012 - 21:12 | 2132533 HD
HD's picture

You had me thinking you were on your deathbed mate.

Tue, 02/07/2012 - 08:57 | 2133427 Snidley Whipsnae
Snidley Whipsnae's picture

Spastica Rex...

The Chinese, along with most other SCO countries, are by and large a patient lot.

As a group they are hoping that the US economy weakens slowly, and as it does the US military will weaken with it. In this way a nuclear WW3 may be avoided.

OTOH, a quick collapse of the US economy might trigger that which all sane persons wish to avoid.

Since the US has shown no intent to change the economic/political course that it is on, time is on the side of the SCO countries.

What seems a 'long time' to US citizens is really very little time to cultures that are thousands of years old.

Tue, 02/07/2012 - 10:50 | 2133693 Spastica Rex
Spastica Rex's picture

"What seems a 'long time' to US citizens is really very little time to cultures that are thousands of years old."

 

Well put.

Tue, 02/07/2012 - 11:14 | 2133767 RiverRoad
RiverRoad's picture

So true.  I vividly recall Ayatola Khomeni's retort to Dan Rather's interview question in regard to the TWA hostages' fate.  When Rather said, "But you can't keep them here forever," the Ayatola cooly replied, "Why not?"  Forever is a quantifiable time sequence for them.

Tue, 02/07/2012 - 11:19 | 2133779 RiverRoad
RiverRoad's picture

Yes, SW.  All they have to do is wait us out; we'll do the job for them.

Tue, 02/07/2012 - 16:34 | 2135198 Cathartes Aura
Cathartes Aura's picture

@ Snidley,

What seems a 'long time' to US citizens is really very little time to cultures that are thousands of years old.

I like the analogy of amrka being a relatively young, immature country when compared to older civilizations - particularly when you weigh up the "he who dies with the most toys WINS" meme, or the concentration on "gimme dis, gimme dat" culture, sensation based, porn obsessed, drugs both illicit & otherwise, sports & Xtreme games, fast food, etc.

obviously I could go on with the list, but really, it's plain - there's no "culture" in the giant playpen of amrka - while some are prudent, and look after themselves, including staying informed, the vast majority are as self-absorbed as two-year-olds, as self-sustaining as teenagers -  they both "trust" their government in that they pay zero attention to things, like kids who have no idea how their upkeep is provided for, and "hate" their government, like teenagers rebelling against authority figures.

fascinating, pathetic, hilarious, all rolled into one.

 

 

Mon, 02/06/2012 - 22:33 | 2132698 seek
seek's picture

Assuming you have a normal lifespan, you'll get to see it alright. They can kick the can a lot of times, but I seriously doubt we can make it to 2020.

My gut (and some math) tells me peak SHTF is likely 2015 to 2018. But be year-end 2012, I'm pretty sure we'll know the bad stuff is headed our way.

Mon, 02/06/2012 - 21:00 | 2132507 eddiebe
eddiebe's picture

What if??? Surely you jest!

Mon, 02/06/2012 - 21:04 | 2132511 Snakeeyes
Snakeeyes's picture

Like this one?

Its the Big Gov't interventionists against the free market economists in this US News and World Report Debate Club.

http://www.usnews.com/debate-club/should-the-government-help-homeowners-with-underwater-mortgages/underwater-mortgages-causing-downward-economic-spiral

Of course, I am one of the free market economists.

Look at Bostic, the Asst Sec of HUD's remarks. This is policy?????????????????????????????? This is the best Obama has to offer?

Mon, 02/06/2012 - 21:04 | 2132515 XRAYD
XRAYD's picture

What is to worry? Didn't Clint Eastwood tell us yestereday, that just like Detroit and the auto industry, we're gonna get up and fight back? That our second half is about to begin?

 

All we need is a way to write off our past debts, forget the mistakes we have made, and all of us become half as old as we are, or perhaps in our twenties - so that we can begin again, just like Chrysler and GM!

Mon, 02/06/2012 - 21:06 | 2132522 CrashisOptimistic
CrashisOptimistic's picture

And find more producible oil.

Brent Spread back to $20 tonight.

Mon, 02/06/2012 - 21:45 | 2132591 Wolf-Avatar
Wolf-Avatar's picture

Exactly, CrashisOptimistic, how much brain power does it take for some people to realise that you canot possibly have infinite expansion from a finite resource.

It is obvious, to some, that a finite resource must fail at some some stage during an infinite expansion.

To make it worse, most people do not realise that we are expanding our usage of oil, every single day, while finding less producible deposits.

The fact that it is, basically, our only energy supplier for the entire global civilisation, just points up the fact that there is a crash coming at some point. Whether this is from the (supply/demand) price skyrocketing the usage out of reach or whether it is physically disappearing from the markets makes no difference to the outcome.

At some stage, this whole oil-dependant culture must fail if oil is not replaced with something equally as powerful.

Tue, 02/07/2012 - 10:52 | 2133700 Spastica Rex
Spastica Rex's picture

No, you are wrong. We have always found a way to move forward and therfore we will again. The Invisible Pink Unicorn Saves. QED. 

Mon, 02/06/2012 - 21:05 | 2132519 q99x2
q99x2's picture

Here this is a great video and it offers some possible solutions.

Money as Debt II

I haven't had time to see what the open-source community is proposing but I've heard some things about bitcoin. Richard Stallman likely has some ideas about what could be done.

Somehow people have to get together, prosecute those guilty and confiscate all the wealth that has been stolen and re-distribute it into a new publically owned system. At we least we should have the software ready to go before it is time to implement it.

TPTB aren't doing shit. They don't know what is going on as proved by their failure to control nuclear power facilities which are wipeing them out as well. I mean if we could see some kind of evidence that "they" even cared in the least about their own lives it might be different but they don't Either that or there are no TPTB within the elite class and it has always been every elite for themselves.

TPTB seems to only be a valid concept during times of plenty. We have reached the point of TPTB vaporization. 

Mon, 02/06/2012 - 21:08 | 2132525 Long-John-Silver
Long-John-Silver's picture

It's obvious TPTB will not allow Ron Paul to become President. At this point all of the remaining candidates will simply be another puppet to entertain the masses as 'they' continue herding US in the direction they chose. Obama was able to put US in the fast lane to destruction and we have just passed the Ron Paul off ramp. Everything Obama and all the others from Wilson on have done to eliminate the Constitution as a viable document will be kept in place while another puppet calms the herd as it moves it toward the cliff of tyranny. Economic collapse has become inevitable 'as planed' so the Constitution can be utterly destroyed. I can't tell you how to plan for this because nothing like this has ever happened on such a huge scale. The entire world is interconnected and so the entire worlds economy will be effected to some extent. TPTB think they can control the monster they are creating. No one knows what will actually happen when the collapse comes but one thing I know is the record amount of weapons and ammunition sold to the population at large and we all know that anyone that plunks down thousands of dollars on Guns, Ammo, and Survival supplies will not go quietly into the dark. They will also harbour plans of retribution.

Mon, 02/06/2012 - 21:37 | 2132577 moroots
moroots's picture

Dr. Paul's message cannot be diminished just because he won't win the election.

Hopefully it won't be forgotten that the support of Ron Paul has brought together civilians and a large portion of the military.  The day will come when the military is going to be asked to turn their weapons on U.S. citizens by TPTB.  At that point, I hope they won't forget what is a major lesson of this election season - that aware citizens and active duty military are on the same side, fighting against TPTB

 

Tue, 02/07/2012 - 11:02 | 2133733 RiverRoad
RiverRoad's picture

Never say never.  Truman, a simple man of the people beat Dewey and they all said "never"; you really can't fool all of the people all of the time.  With any luck at some point this country will get the third party it badly needs to destroy the grip the Fed has on our one party political system.

Tue, 02/07/2012 - 01:26 | 2133014 Ima anal sphincter
Ima anal sphincter's picture

They will also harbour plans of retribution.

I sure do hope so.

Mon, 02/06/2012 - 21:11 | 2132531 SwingForce
SwingForce's picture

Nice article, but give it up already.

Mon, 02/06/2012 - 21:11 | 2132532 Stuck on Zero
Stuck on Zero's picture

Tainter collapse bitchez!  No way out now.

Mon, 02/06/2012 - 22:31 | 2132695 CH1
CH1's picture

Indeed.

Mon, 02/06/2012 - 21:14 | 2132537 sasebo
sasebo's picture

Fuck all the greedy, stupid assholes. Ron Paul.

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