Guest Post: When Debt Is More Important Than People, The System Is Evil

Tyler Durden's picture

Submitted by Charles Hugh Smith from Of Two Minds

When Debt Is More Important Than People, The System Is Evil

The Empire of Debt has only one end-point: a death spiral. It is evil and must be dismantled.

Ethics has no place in the Empire of Debt. The financialized Status Quo is careful to limit the language used to describe the situation in Greece to the subtexts of "obligations" and "avoiding chaos."

The reality being masked is that debt is now more important than people. The suffering of the people of Greece is presented as a footnote to the financial play being staged; when the suffering is noted, it is presented with a peculiar set of unspoken subtexts:

1. Looky-loo detachment of the "gosh, look at that wrecked car, are there any bodies?" sort. People slow down to look at car crashes, and they revel in videos of riots with the same detached fascination with mayhem that doesn't involve them. Tsk tsk, how awful, etc.

2. They're reaping what they sowed, "they made their bed, now they have to sleep in it," i.e. the suffering of Greek non-Elites is the richly deserved consequences of their government overborrowing.

This begs further investigation. In the normal course of affairs in corrupt kleptocracies, various Elites siphon off most of the swag and the commoners get just enough shreds to buy their complicity. In other words, it may well be that the entire populace of Greece benefitted handsomely from the massive State borrowing, but it also may well be that the private-sector Greeks received little of the swag. In this case, they don't "deserve" to be forced into debt-serfdom by their Euroland overlords.

The ethics of debt, at least in the officially sanctioned media, boils down to: nobody made them borrow all those euros, and so their suffering is just desserts.

What's lost in this subtext is the responsibility of the lender. Yes, nobody forced Greece to borrow 200 billion euros (or whatever the true total may be), but then nobody forced the lenders to extend the credit in the first place.

Consider an individual who is a visibly poor credit risk. He would like to borrow money to blow on consumption and then stiff the lender, but since he cannot create credit, he has to live within his means.

Now a lender comes along who can create credit out of thin air (via fractional reserve banking) and offers this poor credit risk $100,000 in collateral-free debt at low rates of interest. Who is responsible for the creation and extension of credit? The borrower or the lender? Answer: the lender.

In other words, if the lender is foolish enough to extend huge quantities of credit to a poor credit risk, then it's the lender who should suffer the losses when the borrower defaults.

This is the basis of bankruptcy laws--or used to be the basis. When an over-extended borrower defaults, the debt is cleared, the lender takes the loss/writedown, and the borrower loses whatever collateral was pledged. He is left with the basics to carry on: his auto, clothing, his job, and so on. His credit rating is impaired, and it is now his responsibility to earn back a credible credit rating.

The debt is discharged and the borrower must live within his means without relying on credit. But he is also free of the burdens of servicing the debt.

If the lender is forced into insolvency due to the losses, then so be it: lenders that cannot differentiate between good and bad credit risks should go under and disappear: that's what happens in a competitive, transparent capitalist economy. Fools who create credit and extend it to poor credit risks must be eliminated from the system as quickly as possible lest they destroy more capital in the future.

The potential for loss and actually bearing the consequences from irresponsible extensions of credit was unacceptable to the banking cartel, so they rewrote the laws. Now student loans in America cannot be discharged in bankruptcy court; they are permanent and must be carried and serviced until death. This is the acme of debt-serfdom.

The global banking cartel has declared Greece's debts to be permanent and its people debt-serfs. More precisely, some privately held debt will be written down, but certainly not all of it, and the debt owed to the European Central Bank cannot be written down a single euro: Greece must pay the interest on the full debt, whatever the costs to its people.

We might ask why the fully-financialized Status Quo of financial and political Elites so carefully insures no shadow of ethics passes over the Greek debt crisis: If they did, it would become obvious that when debt becomes more important than people, the system is evil and should be dismantled.

Yes, evil, as in evil empire: the Empire of Debt that now dominates the global economy is intrinsically evil and cannot be salvaged; the only way to rid the planet of its parasitic, pervasive evil is to dismantle it, all of it, everywhere.

Europe is a good place to start. The only way to dismantle the evil Empire of Debt is to stop obeying its commands: Greece should not pay a single euro on any of its debts, starting with debt owed to the Evil Empire of Debt's favorite tool, the Troika of the EU (European Union), the ECB and the IMF.

We are constantly told default and exit from the debtors' prison of the euro would lead to chaos. Unfortunately for the Evil Empire of Debt and its Eurozone army of lackeys, toadies and apparatchiks, this claim is demonstrably false. Thanks to Pater Tenebrarum of the always excellent Acting Man financial blog, we have access to a 53-page report from Variant Perception that completely dismantles the fear-mongering claims of Apocalypse for the Greeks should their government default on its debts.

A Primer on the Euro Breakup: Default, Exit and Devaluation as the Optimal Solution. The only way forward is default and exit from the debtors' prison of the euro.

Once the debt has been renounced, Greece will have to live within its means, i.e. the goods and services produced by their economy. I think a critically important point has been lost in all the fear-mongering: the value of the goods and services produced by an economy remain the same whether they are valued in euros, gold, dollars, bat guano or any other open-market measure of value.

What will impoverish Greece is paying interest on the mountain of debt. If we value total Greek output of goods and services at 100 quatloos, and this economic activity generates a surplus of 10 quatloos, the Greek people can decide to consume that 10 quatloos, invest it or some mix of the two.

If they have to pay 10 quatloos in interest, then there is no capital left to invest in productive assets. As the existing productive assets degrade, wear out and become obsolete, then the goods and services produced will decline, along with the surplus generated. This sets up a positive feedback loop, i.e. a death spiral: as production of value declines, so too does the surplus available to invest in productive assets.

This is why the only way forward is default and exit from the debtors' prison of the euro. The only way forward is to value people more than debt, and to dismantle the evil Empire of Debt.

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CalibratedConfidence's picture

speaking of debt, those who havn't read Debt: The First 5000 Years should consider picking up a copy.

http://www.calibratedconfidence.com/2012/02/debt-first-5000-years.html

trav7777's picture

fuck you, CHS, if you didn't lend THEY SUED YOU FOR REDLINING...all because you wouldn't lend to people who WEREN'T going to pay back!  And when they DON'T pay back they blame the lender again!

Fuck this I'm a victim shit

Cursive's picture

@trav7777

You are obviously missing the point that debt is a weapon that the banksters use to consolidate power.  Do you blame a child born in the Soviet Union in 1940 for having a lack of understanding of free market economics?  The common man/average person is a slave to the adopted system and Western "democracies" have adopted a rigged economic system.  Everybody loses, except for maybe the oligarchs.

Sylvia Plath's picture

HATE TO BE THE BARER OF BAD NEWS, BUT GREECE CHEATED TO GET MORE LOANS FROM THE ECB USING GOLDMANSACHS TECHNIQUES...

cossack55's picture

No one, not a single person, a community, or a nation can cheat a central bank.  CB's are in the business of cheating the entire freakin' planet.  A CMH to anyone who can cheat a CB honestly.

Mad Marv's picture

'Debt, Dirt, and the Devil; All 3 have a little something in common.' -One of my favorite quotes from an Old-Timer.

margaris's picture

'Debt, Dirt, and the Devil...'

Nice quote, but....

1) Dirt can be a useful fertilizer if it doesn't consist of 100% filth.

2) The devil isn't such a bad guy after all.... maybe he is just misunderstood?

3) DEBT is the real culprit here. The concept of debt/usury is against all natural laws of the universe!

Its like what black holes are to our universe... everywhere they exist, everything is ****** up beyond all recognition. Even beyond every ability of recognition.

 

Thats why debt is infinite times more evil then dirt and devil.... because wherever debt emerges.... all prevailing rules and laws are turned upside down... much like a black hole does to the fabric of space and time.

Mr Lennon Hendrix's picture

Look, there is a Global Cabal of Banking Houses run by the Illuminatti to destroy the wealth of the world while picking up all the hard assets in the wake.  Are we willing victems?  Absolutely.  Sadism and masochism runs deep in our cultures.  But after we take responsibility for our action (and inaction) we need to loacte the perpetrator of the crimes.  The Global Cabal.  The Banking Houses.

It was the Bankers that funded the politicians who went against the Freedom of humanity and instituted the Fiat Ponzi, after giving sovereign rights to corporations.  Now the Nation-State has been laid to waste by the psuedo-science of economics and corporations have inherited the wealth.  However wrong we have been and however low we have fallen, we need to right ourselves and take back what is our's.  It is our freedom we have lost, and we must find it, however we can, and take it back.

If that means blame individuals like Obama, Bush, Bernanke, and Greenspan, we must cut off all heads of the beast.  If that means targeting corporations, we must stick our swords in their belly.  If it means stop funding the fascist governernments and walking out on the political dialectic of left vs right, we must do it.  We must do something, anything, and the choice is ours, but we must do something, and now, for there isn't much time left.

Growth has already stagnated due to a peak in worldwide oil production in 2009 when the House of Saud peaked (they were the Swing Producer).  Prices are increasing dramatically due to economic policy.  People can't pay their bills, because there is no work.  This has been wrought due to the fascist nature of the marketplace.  We must take capitalism back from the corporations.  We must take our fate into our own hands.  And once again, we must do so now.

TheSilverJournal's picture

Nothing is more important to the money printers than maintaining their control over the printing press. Nothing.

TheSilverJournal.com

economics1996's picture

100% reserve requirement bankers using gold or silver as reserves were good guys.

Xkwisetly Paneful's picture

So according to this deluded nonsense America is one of the biggest victims in the world?

 China basically goes on the arm to the US in large enough quanities to rebuild several cities the size of Detroit and the US is the victim?

The borrowers are the victims even though rates are at near lint levels and most of their prosperity exists largely thanks to the debt.

Sure they are victims!

Down with leverage, down with margin, oh wait anytime the CME et al raises margin reqs that is frowned upon.

 

Student loan debt is not dischargable because when it was doctors and lawyers frequently graduated from school and promptly filed for bankruptcy.

 

-just another deaf, dumb, blind loser member of the human race who existence was largely unimaginable to two generations ago.

narapoiddyslexia's picture

But there are other issues, unique to Europe, overlooked elsewhere. The most important is that many of the Greeks want to become/remain part of the greater European family. I've heard many of them say they like being a part of the European family, and they are willing to pay a cost to stay in the Euro.

The Europeans are starting a cointinent-wide cultural/governmental assimilation and its painful, and it will take decades, if it works at all.

Will Europe become more like Germany, or will Germany become more like Europe? I think the Greeks may well tough it out to have their say.

Stay tuned.

Xkwisetly Paneful's picture

Other than the nations living way above their heads largely via social costs,

and the US economic woes created by those evil zionista banksters making capital available to the masses at ridiculously low interest,

super sharp points.

Making capital available to the masses at lint like interest is somehow a scheme by the evil bankster cabal to take advantage of the masses. I read it on the internets.

Pinktip's picture

"God made dirt, dirt can't hurt"......Northeast Redneck quote.....:)

Debt is Biblical, so is the Devil........Enslavement to the system....Devil is in the details.

midtowng's picture

I should point out that debt = money and money = debt in a fiat currency system.

So to say that this is an Empire of Debt and they are putting debt over people is really saying this is an Empire of Money and they are putting money over people.

  This has always been true. It's nothing new.

traderjoe's picture

Not true about all fiat being debt. The United States Note was printed directly from the US Treasury - for 100 years. It was printed into existence, not borrowed like a FRN.

disabledvet's picture

well i do agree "you can't cheat a cheater." i'm not sure if honesty will work either however...

Marco's picture

FDR cheated the central banks.

economics1996's picture

The Fed inflated under FDR just like they did under Hoover, LBJ, Nixon, Reagan, Clinton, Bush I & II, and every president.  The only thing thast changes is the game plan, and that don't change much.

Marco's picture

Oh FDR certainly inflated, but he did in a way central banks truly loathe ... by expanding the money supply without expanding debt. There were presidents before him who did so too, but none of the ones on your list did it.

economics1996's picture

The monetary base was expanded but banks did not lend, due to fear.  Its not like the Fed didn't give it a try, they did.

Marco's picture

That's not really my point ... my point is that normally someone has to borrow for a central bank to increase the money supply, mostly the government. From the point of view of central banks all new currency has to be backed by debt obligations.

FDR confiscated gold and revalued it, this was true money printing without any increase in debt ... for good or ill he used gold confiscation and monetary policy to redistribute more wealth from rich to poor than any US president before or since (although Bush and Obama might be able to rival him in magnitude, just in the other direction).

To what extent FDR fucked the US population is an open question, that he fucked the Fed is plain to see for anyone with half a brain ... he took their gold, just like he took the gold of everyone else ... they had no privilege to him, rather unique in modern US history.

economics1996's picture

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificateswithin the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.  The order was rationalized on the grounds that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.[1] The New York Times, on April 6, 1933 p. 16, wrote under the headline "Hoarding of Gold", "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 fine or ten years imprisonment or both."

By Executive Order Of The President of The United States, March 9, 1933.

By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.

Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.

All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.

Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.

By lawful order given this day, the President of the United States.

Franklin Roosevelt – March 9, 1933


Marco's picture

Do you have a point to make? It was the gold reserve act which took the gold from the Fed BTW.

Cursive's picture

@Sylvia Plath

If you are attempting to refute something I wrote, it is not evident in what you wrote.  In a system built on corruption, don't expect any party to a transaction to have good intentions.  It's called a "clusterfuck" for a reason.

Slartebartfast's picture

Hey GS Troll!  You bastards did all the crooked deals with your bought and paid for Greek politicians.  Fuck the evil empire of Banksters!  Let them burn!

Michael's picture

I was thinking about this the other day. Leave it to Of Two Minds to spell it out succinctly. Very well done.

A strategic default on behalf of the Geek peoples well being is a good business decision.

The banks, bank examiners, and underwriters should have known the risks of shoving unplayable debt down peoples throats. It was a bad gamble on the part of the banks and they should stop wining like sore losers over their gambling loses and and suck it up.

There's nothing wrong with strategic default just like these people are doing;

The U.S. Foreclosure Crisis, Beverly Hills-style

"Welcome to foreclosure Beverly Hills-style.

Some 180 houses in Beverly Hills, the storied Los Angeles enclave rich with Hollywood stars and music moguls, have been foreclosed on by lenders, scheduled for auction, or served with a default notice, the highest level since the 2008 financial crash, according to a Reuters analysis of figures compiled by RealtyTrac, which tracks foreclosures nationwide.

As in the default-ravaged suburban subdivisions of Phoenix, Arizona, and Tampa, Florida, plunging real estate prices are the root of the problem in Beverly Hills.

But the dynamics of the residential real estate collapse are very different in elite neighborhoods such as this. The majority of delinquent homeowners here owe more than $1 million. Many are walking away not because they can't pay, but because they judge it would be foolish to keep doing so.

"It's a business decision, not an emotional one which it is for normal people," said Deborah Bremner, owner of the Bremner Group at Coldwell Banker, which specializes in high-end properties in the Los Angeles area. "I go to cocktail parties and all people are talking about is whether it is time to walk away, although they will never be quoted in the real world."

She said she had seen in Beverly Hills a big increase in "strategic defaults," in which owners who can still afford to make their monthly mortgage payment choose not to because the property is now worth so much less than the giant loan used to buy it during the housing bubble.

Strategic default is an especially appealing option in California, one of only a handful of U.S. states where primary mortgages made by banks are "non-recourse" loans. That means the loan is secured solely by the property, and banks cannot go after a delinquent owner's wages or other assets if they default."

http://today.msnbc.msn.com/id/46411361/ns/business-real_estate

 

nodhannum's picture

The pond scum that resides in Beverly Hills treats people the same way as they treat property, especially spouses, a business decision on when it is time to walk away.  Feel the love.

Calmyourself's picture

http://www.ritholtz.com/blog/2010/02/mba-walksaway-from-hq/

Apparently strategically defaulting Mortgage bankers are also pond scum, but I repeat myself.

rayduh4life's picture

Yep!  Spot on.  No deficiency suits nor any right of redemption in AZ.  Sucks for some but amazed by some folks attitudes that are now renting similar or better properties for less than their  old mortgage payment. 

When the little people default they're deadbeats - subprime.

when the rich default, it's a strategic business decision.

 

 

 

 

 

NoClueSneaker's picture

Wow, a nice one . Thx, Michael .

TruthInSunshine's picture

Fractional reserve banking, conjuring what they claim is 'money,' but that which is really debt (since there is nothing of inherent value backing it), from thin air, leveraging it up by many multitudes, getting a nation to endorse it as monopolistic fiat (and enforce the monopolistic recognition of it as such), is the problem.

If 90% of loans go bad (or more), the fractional reserve bankers lose nothing. They created money from nothing and received the protection of the nation in distributing fiat monopoly currency. Not only do they lose nothing, the actually gain all real assets that were pledged as collateral to securitize most of the loans that went 'bad.'

It's the biggest scam in the history of mankind.

Once a person grasps this basic concept, they'll understand why events have taken place as they have (Bretton Woods*; Plaza Accord; Federal Reserve Act of 1913; closing of the gold standard in 1971*, etc.), and they'll finally grasp how a select few have rigged the game to be able to harvest assets continually, and concentrate wealth and power, by doing nothing other than maintaining Deep Capture of a nation's legislative and judiciary branches (and executive, in the case of the U.S.) of government.

 

*On August 15, 1971, the United States unilaterally terminated convertibility of the dollar to gold. As a result, "[t]he Bretton Woods system officially ended and the dollar became fully fiat currency, backed by nothing but the promise of the federal government." This action, referred to as the Nixon shock, created the situation in which the United States dollar became the sole backing of currencies and a reserve currency for the member states. At the same time, many fixed currencies also became free floating.

Marco's picture

Pre-2008 if 90% of loans go bad the bank assets get transferred to the FDIC, because the market for the loans would have collapsed as well. Bankers generally steal their wealth through compensation, dividends, bonuses etc.

Bankers have always concentrated wealth through fractional reserves, with or without government guarantees ... and they have always made sure that even if the banks themselves blew up they retained their gains.

Banks are designed to blow up really, even the central banks ... but even when they do the stolen wealth is going to remain with the elite.

TruthInSunshine's picture

Yep.

And what I meant to state earlier, to be more complete, is that:

Not only do they lose nothing, they actually gain all real assets that were pledged as collateral to securitize most of the loans that went 'bad' - Harvest.

Repeat this process of Harvest by first inflating the money supply, getting people deeply indebted (many of whom weren't indebted before), and soon enough, with enough cycles of harvest, what belonged to many will be concentrated in the hands of a few, all via the sham that is fractional reserve banking.

It's the biggest scam in the history of mankind.

AustriAnnie's picture

"They created money from nothing and received the protection of the nation in distributing fiat monopoly currency. Not only do they lose nothing, the actually gain all real assets that were pledged as collateral to securitize most of the loans that went 'bad."

You are exactly right.  Whether one believes it was planned all along, or if they were just taking advantage of a crisis they didn't see coming, doesn't matter.  The reality is that the wealth ends up in the hands of those who should have taken the losses.  And it is self-reinforcing: more assets/wealth leads to even greater power to lobby and change the laws to favor them even more, leading to them obtaining even more...

We are on the slippery slope.  It gets worse before it gets better, because we are beyond the point of being able to reign them in.

TruthInSunshine's picture

That's why I love this quote by one who was an insider (an admission, if you will), as to how deep and rigged the fractional reserve money/fiat-from-thin-air scam runs (this individual was on the inside, and yet saying as long as central bankers can create deposits, they will always and forever run the table). This is pulling back the curtains to reveal the Ponzi:

"Banking was conceived in iniquity and was born in sin.
The Bankers own the earth. Take it away from them,
but leave them the power to create deposits,
and with the flick of the pen they will
create enough deposits to buy it back again.
However, take it away from them, and
all the great fortunes like mine
will disappear and they ought to disappear, for
this would be a happier and better world to live in.
But, if you wish to remain the slaves of Bankers
and pay the cost of your own slavery,
let them continue to create deposits."

--- Sir Josiah Stamp (1880-1941)

President of the Bank of England & 2nd richest man in Britain at the time

Source: Speaking at the Commencement Address of the University of Texas in 1927

 

Stamp wasn't railing against capitalism in the least. In fact, just the opposite...fractional reserve banking using fiat conjured from thin air, having no inherent value, and being the province of a select few (to create it) while giving them monopoly status is ANTITHETICAL TO CAPITALISM.

That's the cruelest irony of all!


AustriAnnie's picture

TIS, you are full of great sources/information.  I had read about Stamp (during my undergrad) but never heard that quote.  

Thank you for your comments, I often follow your links/quotes/sources and end up learning something.  I have used your comments to help convince others as well.  

geekgrrl's picture

Thanks to everyone for the great comments on this thread! There is always more to learn!

DaveyJones's picture

Yes thanks, this has been an eloquent accurate chain

swani's picture

Sylvia Plath

When a country or entity cheats a Central Bank, it's because the Central Bank wants them to. Getting third world countries with vast natural resources into enormous and unsustainable debt has been the basic 101 Modus Operandi of Economic Hitmen forever, an easy and sure way to take hard assets in exchange for worthless paper. All part of a long and well thought out plan for a group of monopolists to control the resources of the world. Greece is just a pawn in a much bigger game. 

You are probably some sort of apparachick here for disinformation purposes only, but for what it's worth, I had to respond to your drivel.

disabledvet's picture

"So are bailouts the answer or not?" it's as simple as that. in short "it's not the debt at all...but who pays when the debt bomb goes off." cuz if you think anything is really being financed by the private sector right now (that benefits the American economy in a material way...and Wall Street i might add) i've got a Bank of New York to sell you! (that does not make me bearish btw. "fortune fixation" is everywhere and always being shoved down Planet People's throat. no. the only winners in the last 60 in New York City have been the Peregrine Falcon population. Ever see a Peregrine Falcon attack? Here...have a look:http://www.youtube.com/watch?v=legzXQlFNjs&feature=player_detailpage
looks like we're moving up in the world!)

VelvetHog's picture

It is really something to see one of those falcons catching a swift in midair.  They collide at at very high rate of speed.  The impact makes a "whumpf" sound that you can hear from 100m away.  Much more impressive than Turbo Timmay or Benjy the Helicopter will ever be.

disabledvet's picture

that's how you take out a banker. "high speed" baby. Bankers travel in large flocks..."schools" if you will. There's no such thing as "the renegade banker." To take one out you need to climb up REAL high...then dive REAL fast...and hope you have the braking power before both of you go SPLAT on the pavement. Here's a Bear doing the same thing:http://www.youtube.com/watch?feature=player_detailpage&v=0NcJ_63z-mA

Gully Foyle's picture

Cursive

Some people say a man is made outta mud.
A poor man's made outta muscle and blood.
Muscle and blood, skin and bones;
A mind that's weak and a back that's strong.

You load sixteen tons an' what do you get?
Another day older deeper and debt.
St Peter don't you call me I cause can't go:
I owe my soul to the company store.

Well, I was born one mornin' when the sun didn't shine.
I picked up a shovel, Iwalked out to the mine.
I loaded sixteen tons of Number 9 coal,
An' the store boss said: "Well, bless my soul."

You load sixteen tons an' what do you get?
Another day older deeper and debt.
St Peter don't you call me I cause can't go:
I owe my soul to the company store.

Well, I was born one mornin', it was drizzlin' rain.
Fightin' an' trouble are my middle name.
I was raised in the canebreak by an old mama lion,
Can't no high-toned woman makes me walk the line.

You load sixteen tons an' what do you get?
Another day older deeper and debt.
St Peter don't you call me I cause can't go:
I owe my soul to the company store.

Well, if you see me comin', better step aside.
A lotta men didn't; a lotta men died.
One fist of iron, the other of steel.
If the right one don't get you, then the left one will.

You load sixteen tons an' what do you get?
Another day older deeper and debt.
St Peter don't you call me I cause can't go:
I owe my soul to the company store.

Cursive's picture

@Gully Foyle

I always loved that song.  Thanks for the reminder.  Gonna roll out the ole Bourbon barrel tonight....

Gully Foyle's picture

Cursive

I've only heard the Tennesse Ernie Ford version, that was the Frankie Lane. Looks to be no major difference.

Listen to this and watch a couple seasons of Justified, get your Good Ol Boy on.

Cursive's picture

@Gully Foyle

It's kinda late, so you may not read this, but my wife and I are huge "Justified" fans!  Natalie Zea.  Mmmm.  You should defintely visit the bourbon distilleries in Kentucky.  The "Bourbon Trail" is great, but dont miss Buffalo Trace, which is not on the trail and is probably the best.

Gully Foyle's picture

Cursive

So you team Boyd or Team raylan?

Tim Olyphant is just about now making Raylan a "whole" character. For the first coupld of seasons Seth Bullock tinged Raylan quite a bit.

But the real talent has been Walton Goggins. I doubt there is a better actor on television right now.


Cursive's picture

@Gully Foyle

Forgive me, I have a thing for white hats, even when it's an anti-hero type like Raylan.  Maybe more so when it's the anti-hero type.  I don't see the two men as all that different, one just has a touch more color and flare as eveidenced by his wit, such as "When you're done with a man, you're done with a man (shoots man under the table)."  IIRC.