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Guest Post: You Ain't Seen Nothing Yet - Part 3

Tyler Durden's picture





 

From Jim Quinn of The Burning Platform

You Ain't Seen Nothing Yet - Part 3

This is Part Three of a three part series trying to make sense of the Crisis period we entered in 2008. Click here to read: PART ONE or PART TWO

Seeking Regeneracy

“Soon after the catalyst, a national election will produce a sweeping political realignment, as one faction or coalition capitalizes on a new public demand for decisive action. Republicans, Democrats, or perhaps a new party will decisively win the long partisan tug of war. This new regime will enthrone itself for the duration of the Crisis. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Where leaders had once been inclined to alleviate societal pressures, they will now aggravate them to command the nation’s attention. The regeneracy will be solidly under way.” – Strauss & Howe – The Fourth Turning 

   

  

 

    

 The 2008 election happened in the midst of the catalyst events. A sweeping political realignment did not occur. In fact, the 2010 mid-term elections produced a result which has essentially gridlocked the political process in Washington D.C. The reunification and reenergizing of society has yet to occur. Neil Howe in his recent article pondered the question of regeneracy:

“We may like to imagine that there is a definable day and hour when America, faced by growing danger and adversity, explicitly decides to patch over its differences, band together, and build something new. But maybe what really happens is that everyone feels so numb that they let somebody in charge just go ahead and do whatever he’s got to do. I’m thinking of how America felt during the bleak years of FDR’s first term, or during Lincoln’s assumption of vast war powers after his repeated initial defeats on the battlefield.

The regeneracy cannot always be identified with a single news event. But it does have to mark the beginning of a growth in centralized authority and decisive leadership at a time of great peril and urgency. Typically, the catalyst itself doesn’t lead directly to a regeneracy. There has to be a second or third blow, something that seems a lot more perilous than just the election of third-party candidate (Civil War catalyst) or a very bad month in the stock market (Great Power catalyst). We are still due for such a moment. We have not yet reached our regeneracy. When it happens, I strongly suspect it will be in response to an adverse financial event. It may also happen in response to a geopolitical event. It may well happen over the next year or two.” Neil Howe – Dating the Fourth Turning 

Regeneracy occurred within five years of the outset of the three previous Crisis periods in U.S. history. The historic year of 1776 saw the colonies come together and declare independence from Great Britain. Group solidarity and willingness to die for their cause launched an eight year war and ultimately the formation of a new republic. The Civil War regeneracy occurred after the Union debacle at Bull Run in 1861. The Washington aristocrats had treated the battle like a show, where they could bring a picnic lunch and be entertained by an entertaining skirmish between two armies. After the resounding bloody defeat Abraham Lincoln assumed dictatorial like powers over the North and ordered the immediate enlistment of a half a million soldiers. He assumed unprecedented powers of taxation, forced conscription, suspension of due process and showed a willingness to administer maximum destruction to his foes. This would be no picnic in the park, as 700,000 men died in the next three years. The regeneracy during the Great Depression/WWII Crisis occurred in 1933 with the election of Franklin Roosevelt. He immediately declared a bank holiday and confiscated all the gold in the country. In a flurry of executive orders and bills sent to Congress he rammed through his New Deal, assuming new and broader powers for the Federal government and Executive branch.

Based on these examples in American history it is clear we have not entered the regeneracy stage of this Crisis. Also based on history, it is likely to occur by the end of 2013. A second blow to our nation and our psyches is the only thing that could possibly bring together a deeply divided nation. The country was struck by a category 3 hurricane in 2008. We have been in the eye of the hurricane for the last two years and have grown complacent. The eye will pass over us in the next year and we will again be buffeted by hurricane force winds – except the hurricane has strengthened to a category 5 as the “solutions” to the storm will make part two far worse.  Those with a libertarian mindset are not likely to be happy with the Federal government and President taking on even greater powers in the coming years. The usurpation of more control over the citizens of this country in the last decade has been one of the major reasons for the ratcheting down of trust in our leaders. The upcoming presidential election will likely create the dynamic that propels the country into its regeneracy. If the next downward blow can be averted before the election, the country will end up with four more years of Obama. If the Crisis suddenly worsens before November, Romney assumes the mantle of Prophet Leader in January 2013.   

I agree with Neil Howe that the country’s reaction to an adverse financial event will be the likely regeneracy moment. The explosive mixture of the five D’s will provide the spark for the next phase: Debt; Derivatives; Default; Devaluation; and ultimately Depression. There is no way to deny the $15.6 trillion of debt this country has accumulated, with $10 trillion of it added since 2000. The debt ceiling of $16.4 trillion will be breached in October 2012 at the current rate of extreme spending. This should set up an interesting dynamic just prior to the November elections. A replay of the August 2011 showdown could be disastrous for Obama if the stock market were to crater again.

      

 

We are accumulating debt at a rate of $3.7 billion per day, or $154 million per hour. No politician of either party, other than Ron Paul, has any plan to even moderate the spending, let alone make actual cuts. The CBO projections rolled out by these congressional weasels aren’t worth the paper they are printed on. The National Debt is on track to surpass $20 trillion in 2015 and $25 trillion by 2018. And this is before the Medicare and Social Security costs blast into orbit in 2020. Kicking the can down the road works until math catches up with you. It is insane to believe we can dig ourselves out of this debt induced mess with more debt, but empires tend to act insanely in their death throes.

“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”Friedrich Nietzsche

Strauss & Howe made preparation recommendations back in 1997 that would have lessened the impact of this Crisis, but they fell on deaf ears. Their common sense suggestions included:

  •  Work to elevate moral and cultural standards. Toddlers with Tiaras and The Kardashians were not an elevation.
  • Shed and simplify the federal government by cutting back sharply on its size and scope.
  • All levels of government should prune legal, regulatory and professional thickets.
  • Politicians should define our challenges bluntly and stress duties over rights.
  • Require community teamwork to solve local problems without federal government intervention.
  • Treat children as the nation’s highest priority.
  • Tell future elders they will need to be more self-sufficient, save more, and expect fewer entitlements.
  • Shift government pension plans from defined benefit plans to defined contribution plans.
  • Begin to trim Medicare, Medicaid and Social Security benefits.
  • Raise the national savings rate, reduce consumption and work towards federal budget surpluses.
  • Expect the worst, conserve our forces, and be prepared for an epic struggle down the road.

I would reckon we went 0 for 11 on the preparation front. We took the exact opposite course in most cases. Each generation has their own crosses to bear. No one will escape the bitter gale force winds of this Crisis. Strauss and Howe must have had a crystal ball looking fifteen years into the future when they made this supposition:    

 “The Boomers’ old age will loom, exposing the thinness in private savings and the unsustainability of public promises. The 13ers will reach their make or break peak earning years, realizing at last that they can’t all be lucky exceptions to their stagnating average income. Millenials will come of age facing debts, tax burdens, and two tier wage structures that older generations will now declare intolerable.”

Thus far the older generations have refused to yield. They demand promises made be promises kept. The Boomers did not save enough to sustain themselves during their retirement. Many are entirely reliant upon Social Security and Medicare as their only savings and health insurance. Generation X is caught between aging parents and indebted jobless children. The Millenials are saddled with $1 trillion of student loan debt and few decent job opportunities. In prior Fourth Turnings the Prophet generation led and the Hero generation followed, doing the heavy lifting. This dynamic is yet to be realized during this Crisis. Maybe the regeneracy event will create this dynamic.

That event will likely be triggered by another debt crisis. Rogoff and Reinhart studied 44 countries over 200 years and concluded that once government debt exceeded 90% of GDP economic growth slowed and the likelihood of disaster rose dramatically.   

“Those who remain unconvinced that rising debt levels pose a risk to growth should ask themselves why, historically, levels of debt of more than 90% of GDP are relatively rare and those exceeding 120% are extremely rare. Is it because generations of politicians failed to realize that they could have kept spending without risk? Or, more likely, is it because at some point, even advanced economies hit a ceiling where the pressure of rising borrowing costs forces policy makers to increase tax rates and cut government spending, sometimes precipitously, and sometimes in conjunction with inflation and financial repression (which is also a tax)? Historical experience and early examination of new data suggest the need to be cautious about surrendering to “this-time-is-different” syndrome and decreeing that surging government debt isn’t as significant a problem in the present as it was in the past.”

 

On this date the U.S. debt to GDP ratio is 102%. Our debt accumulation is on automatic pilot and the national GDP is incapable of growing above 3%. Anyone with the most basic math skills (this excludes Wall Street economists, CNBC bimbo anchors, and Bernanke) can determine the ratio will pass 120% in 2015. This doesn’t even include the Fannie, Freddie, and Student Loan debt that are guaranteed by the Federal government, along with trillions of unfunded social program liabilities and state and local debts. In reality the true debt obligations of this country exceed 500% of GDP, as no politician plans to willingly renege on Medicare and Social Security promises made to voters who would boot them if they voted to cut these entitlements.

The linear thinking deniers of reality (Krugman) will use Japan as their example of a country whose debt ratio is above 200%, without disastrous consequences. I guess a 22 year recession is not considered disastrous. Japan has been able to fund themselves internally because their citizens had a 15% savings rate in and they have run gigantic trade surpluses for decades. That game is over and they will hit the wall in the near future. The savings rate in the U.S. is 3.7% and we run $550 billion trade deficits, or 3.7% of GDP. The United States has no advantages other than the U.S. dollar currently being regarded as the worldwide reserve currency. We are hanging our hat on being the best looking horse in the glue factory.

 trade deficit as gdp

The cracks in the façade are already painfully visible. The U.S. ran a $1.4 trillion deficit in 2009; $1.3 trillion in 2010; and $1.3 trillion in 2011. In the chart below you can see foreigners’ appetite for U.S. debt since 2007 has plunged. Maybe it has something to do with getting a negative real return by investing in U.S. Treasuries paying 2%. Maybe it has something to do with Ben Bernanke attempting to inflate away our debt burden. Maybe it has something to do with Congress and the President accelerating spending and creating massive deficits for as far as the eye can see. Maybe they are losing trust and confidence in the American Empire.   

 

In the last three years we have run $4 trillion in deficits and foreigners have only funded $1.4 trillion of that debt. That means someone else had to buy $2.6 trillion of our long term Treasuries. Some of it was funded by little old ladies and pension funds that are setting themselves up for enormous losses. The vast swath was purchased by Ben Bernanke with his QE for eternity programs. As foreigners rationally reduce their Treasury holdings and we continue to run $1.3 trillion deficits, Bernanke must keep buying the debt. This cycle will continue until we reach our Minsky Moment, then Strauss & Howe’s forecast will be realized:

“This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market with no buyers. Or it could be a series of downward ratchets linked to political events that sequentially knock the supports out from under the residual popular trust in the system. As assets devalue, trust will further disintegrate, which will cause assets to devalue further, and so on.” - Strauss & Howe – The Fourth Turning

Who will buy our debt in the coming months and years? Europe is saturated with debt and doesn’t have the means to purchase our debt. Japan is a train wreck waiting to happen. China’s customers aren’t buying their crap, so their economic miracle is about to go in reverse. The Federal Reserve cannot buy $1 trillion of Treasury bonds per year forever without creating more speculative bubbles and raging inflation in the things people need to live. The Minsky Moment will be the point when the U.S. Treasury begins having funding problems due to the spiraling debt incurred in financing perpetual government deficits. At this point no buyer will be found to bid at 2% to 3% yields for U.S. Treasuries; consequently, a major sell-off will ensue leading to a sudden and precipitous collapse in market clearing asset prices and a sharp drop in market liquidity. In layman terms that means – the shit will hit the fan. The Federal Reserve and Treasury will be caught in their own web of lies. The only way to attract buyers will be to dramatically increase interest rates. Doing this in a country up to its eyeballs in debt will be suicide. We will abruptly know how it feels to be Greek.

Linear thinkers like Krugman and most of the mainstream media opinion leaders can’t fathom the possibility of a complete collapse of our economic system. Most of their little models and economic data points don’t even go back to the last Fourth Turning period. They make projections about a housing recovery based on historical data that starts in 1962. Housing sales linger at historical lows with mortgage rates at 4%. The entire housing market would cave in if mortgage rates reached 6%, where they were in 2008. The forty year average mortgage rate has been 9%. Everything about our economic system is abnormal. Even reversion to the mean would be disastrous. The Minsky Moment headed our way will not be a single uncorrelated event. The entire financial world is hopelessly entangled by the $700 trillion of derivatives that ensure mass destruction if one of the dominoes falls. This is the reason an otherwise inconsequential country like Greece had to be “saved”.

Everyone knows Greece, Portugal, Spain and Italy are broke. One or more will eventually default on their debt. It is highly likely that a butterfly will flap its wings in Europe and cause a hurricane in the U.S. The default will spark a worldwide contagion as trust in a system of false promises disintegrates. China’s already crumbling real estate market will implode. As interest rates soar and stock markets plunge, global tensions will intensify. Continued oil supply constraints will be the cherry on top. Based on historical precedent, this is likely to strike before 2014 arrives. The wealth destruction and pain will be so intense a regeneracy will be at hand. Our very survival will feel at stake.   

“Eventually, all of America’s lesser problems will combine into one giant problem. The very survival of the society will feel at stake, as leaders lead and people follow. The emergent society may be something better, a nation that sustains its Framers’ visions with a robust new pride. Or it may be something unspeakably worse. The Fourth Turning will be a time of glory or ruin.” - Strauss & Howe – The Fourth Turning

And here is the rub for those who argue for less government intervention in our lives. Which leaders will lead and who will follow? The actual events do not matter as much as how the people react to the events. Fourth Turnings are always chaotic and tumultuous. In the frenzied period during the next leg down, people will demand order. They will call for the government to do something. Obama or Romney will use the fear and uncertainty to assume more power over our lives. Executive orders, new legislation, and another stripping of our liberties will be attempted. How the generational cohorts react to these deeds will determine what happens next. There are 97 million Millenials, 83 million Generation X and 73 million Boomers. The Boomers hold most of the positions of power, but their credibility as leaders has been damaged by their actions over the last two decades.

How the Millenials react to Boomer commands will determine the course of this Fourth Turning. The great devaluation will provide our leaders the opportunity to address the structural imbalances that haunt our nation. They could force Wall Street bankers, shareholders and bondholders assume their losses. They could rewrite the social contract with all generations, balancing the needs of elders with the futures of our youth. They could dramatically scale back the military industrial complex. They could completely scrap the ridiculous tax code and shift from taxing income to taxing consumption. They could revamp our political system and remove money from the political process. They could choose to balance budgets and reduce the size of government. They could ask for proportional sacrifice from everyone in order to keep this ship from sinking. If you believe this will happen, I have nice home near an Iranian nuclear power plant I’d like to sell you.

The regeneracy does not mean the actions taken by our leaders will be wise, well thought out, rational or beneficial to all people. Many believe the actions taken by Abraham Lincoln and Franklin Roosevelt during the previous Fourth Turning Crisis periods were detrimental, foolish, and enhanced the power of the state at the expense of liberty for the people. The leader when the regeneracy events strike is more likely to respond with more government control as the solution. He will invoke executive orders giving government control over important industries and crucial institutions. The government politician leaders will pick the winners and losers, with their cronies and contributors winning again. Dissent will not be acceptable. The NDAA will be invoked to imprison those who disagree with the mandates handed down by those in power. Congress would pass SOPA and lock down the internet and shutdown any websites they consider dangerous to their central authority. Lastly, with the biggest and baddest military machine on earth, the leader will attempt to rally the masses and distract them from our dire economic situation by seeking an external threat to confront. It just so happens that China is also in the midst of their own Fourth Turning. History has shown that armed confrontation is likely around the climax of the Crisis:    

“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to culminate in total war, fought until the losing side has been rendered nil – its will broken, territory taken, and leaders captured.” - Strauss & Howe – The Fourth Turning

No one knows the exact events that will mark this Crisis period in our history. But there is no turning back. We’ve entered the Winter season and the beautiful calm days of autumn are long past. Nothing but turmoil, bitterness and sacrifice lie ahead. We entered this Winter of our discontent unprepared like the grasshopper in the fable. This has insured this Crisis will be far worse than it needed to be. The grasshoppers want solutions and easy answers to problems created over decades of ignorance, sloth, greed and stupidity. It’s too late. There are no easy answers and the solutions are all painful and bitter. This is not some theoretical exercise. This is the reality of our situation. I have three teenage sons and their futures depend on the outcome of this Crisis. I will do whatever it takes to support them. I will not allow them to be cannon fodder in some war for oil in the Middle East. If their future requires me to oppose a tyrannical government, so be it. If their future requires me to give up my Social Security and Medicare security blanket, so be it. If I have to die so they may live, so be it. There are no guarantees in this life. We get about 80 years on this planet to make a difference. The choices we make in the next few years will matter. Are you ready? I am.

   

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.” - Strauss & Howe – The Fourth Turning

Click here to read: PART ONE or PART TWO

 


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Wed, 04/04/2012 - 11:54 | Link to Comment q99x2
q99x2's picture

Time to visit the passport office.

'Regeneracy occurred within five years of the outset of the three previous Crisis periods in U.S. history. The historic year of 1776 saw the colonies come together and declare independence from Great Britain.'

I liked this one the best. We could try it again.

Wed, 04/04/2012 - 12:02 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Who Will Buy (My Low Rate Paper)?

 

Who will buy
This wonderful feeling?
I'm so high
I swear I could fly.
Me, oh my!
I don't want to lose it
So what am I to do
To keep the sky so blue?

 

http://www.youtube.com/watch?v=S6ul2FM4GZ8

Wed, 04/04/2012 - 12:12 | Link to Comment JumpinJonnyK
JumpinJonnyK's picture

Look at the gold price getting SLAMMED!!  I have been waiting for gold and silver to pull back to get my last purchase.  I think the time to purchase is around $1,300 thoughts?

Wed, 04/04/2012 - 12:19 | Link to Comment rocker
rocker's picture

I am thinking the same. I don't know if we can get that low. 

I will buy more silver, platinum, and palladium too.  Should be soon.

They don't let them stay down long. We'll have to wait and see.  Good Luck All. 

Wed, 04/04/2012 - 12:40 | Link to Comment ArgentoFisico
ArgentoFisico's picture

Gold lower than 1300$? For how many seconds?

Wed, 04/04/2012 - 14:39 | Link to Comment ndotken
ndotken's picture

It occurs to me that I was perfectly content in nonexistence until, without my permissiom, I was born, and thereby forced to survive. Parents, may you be damned for your selfishness.

Wed, 04/04/2012 - 23:35 | Link to Comment Real Money Wins
Real Money Wins's picture

The one thing the writer only briefly eludes to are the deaths as part of the costs.

The American Revolution = 25,000 Americans dead.

The Civil War = 605,000 Americans dead.

The WWII = 405,000 Americans Dead.

WWIII = Millions?

The Cost is always paid in blood!!!

If you are reading this YOU are the Resistance!

Thu, 04/05/2012 - 06:50 | Link to Comment tocointhephrase
tocointhephrase's picture

And resist we will!

Wed, 04/04/2012 - 16:37 | Link to Comment Citxmech
Citxmech's picture

PMs are having a pretty damn good sale right now.  If you're convinced they'e going lower - I'd do some dollar-cost averaging and aquire some now, just in case.

Wed, 04/04/2012 - 12:40 | Link to Comment monopoly
monopoly's picture

This is one scary article. Will read again later. And no, my last purchase for gold is going to be at 1521 or so. If it gets that low.

Wed, 04/04/2012 - 13:12 | Link to Comment Silveramada
Silveramada's picture

you can bet it will not get that low since we are still in bull market

Wed, 04/04/2012 - 13:34 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

deniers of reality (Krugman)

Best line of the article.

Wed, 04/04/2012 - 15:26 | Link to Comment TWSceptic
TWSceptic's picture

1300? Not likely.

 

Probably around $1600 to $1550 would be a bottom based on current data.

Wed, 04/04/2012 - 18:21 | Link to Comment WonderDawg
WonderDawg's picture

It's not the data that matters. We all see the same data. It's how you interpret the data that formulates a strategy. Some people interpret the same data at which you're looking and expect below $1300. Hell, a year ago, using data, many people thought we'd be at $3000 by now, at a minimum. I'm buying a little on the way down, but I think it will drop significantly before blowing off.

Wed, 04/04/2012 - 15:59 | Link to Comment geewhiz190
geewhiz190's picture

your guess is as good as anyone else's. best advice is to be as unbiased as possible and establish a hedge postion (maybe tbonds). the less you care about the market's direction the easier it is to go long or short depending upon circumstances

 

Wed, 04/04/2012 - 17:43 | Link to Comment SilverRhino
SilverRhino's picture

Silver is getting beat down as well.

Wed, 04/04/2012 - 18:24 | Link to Comment UP Forester
UP Forester's picture

*BANG BANG*  Maxwell Silverhammer been knockin' again....

Thu, 04/05/2012 - 04:26 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Silver acts like a leveraged ETF on gold

math:

2012 mar 25 gold vs silver | goldpricemodel

and http://flic.kr/p/bk1x7P

and 10 years gold vs silver daily-close to scatter-plot http://flic.kr/p/b3wmPP

and zoom in of same scatterplot to very recent price action http://flic.kr/p/b3yn5r

Thu, 04/05/2012 - 04:24 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

1300 is impossible, a year over year loss. Year over year losses don't happen in gold until interest rates are up & printing has stopped. We're talking real positve rates over 5%.

Gold price model:

image 1 2012 feb 06 gold price model 277 wk rate-of-change | Flickr

image 2 gold price models upside & downside 2012 Jan 27

image 3 http://flic.kr/p/b3iBqa

image 4 http://flic.kr/p/aVrgu6

video (has funny stuff in it for New Year's) youtube 2012 01 01 - projections on gold price 6months to 1yr from 2012 Jan 01

Wed, 04/04/2012 - 12:21 | Link to Comment JW n FL
JW n FL's picture

 

 

http://www.youtube.com/watch?v=OErEWjKBgfE&feature=player_embedded

All of the people coming across the border need lots of things from Wall Mart.. ala' China!

what we clearly need are MORE people coming across the broder who have to buy things from Wall Mart! since Americans have maxed thier credit lines and spent thier savings already!

open Ellis Island Again!!

Wed, 04/04/2012 - 11:59 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Critical thinking tips:

1. Always check your facts

You cannot just believe every nut job on the internet. You need to use reason and evidence as your guiding light to cut through the waves of libertarian propaganda.

2. Make sure you get your information from credible sources

A lot of libertarians tend to cite non-credible far-right sources like "LewRockwell.com" or "the Mises institute". These groups are notable also followers of the long discredited "Austrian school of economics" which has been exposed by countless top Ivy League economists.

3. Avoid sources of information that have been flagged as non-credible by specialised hate watch groups

The Southern Poverty Law Center has a comprehensive list of hate groups that should be avoided. These groups often claim to advocate "liberty" or "freedom", but this is normally just a cover for their extreme right wing and conspiratorial views.

Wed, 04/04/2012 - 12:01 | Link to Comment francis_sawyer
francis_sawyer's picture

 Critical trolling tips:

1. Try harder

THE END

Wed, 04/04/2012 - 12:33 | Link to Comment TapperIsTicked
TapperIsTicked's picture

Websters Rational Edition defines:

Oxymoron (n) 1. Top Ivy League economists

Wed, 04/04/2012 - 12:47 | Link to Comment Jack Burton
Jack Burton's picture

He is not a troll. Simply read and "get it" that he is making the case of the "opposition to change" look foolish by parroting what THEY say.  In fact he is presenting the case most ZH's agree with, just doing it by the back door. I never miss his posts!

Wed, 04/04/2012 - 12:53 | Link to Comment CH1
CH1's picture

Right. MDB is sarcasm, squared.

Wed, 04/04/2012 - 15:30 | Link to Comment TWSceptic
TWSceptic's picture

You have no evidence for that, we have to take him for what he says until he agrees with your claim.

Wed, 04/04/2012 - 15:38 | Link to Comment NotApplicable
NotApplicable's picture

Not much of a sceptic after all, I'd say. ;)

Wed, 04/04/2012 - 13:09 | Link to Comment peekcrackers
peekcrackers's picture

LOL .. +1 ... Franics sawyer  ...

Exit the warrior,
Today's  Franics  Sawyer,
He gets high on you,
And the energy you trade,

Wed, 04/04/2012 - 12:05 | Link to Comment SheepDog-One
SheepDog-One's picture

Got ya, MDB....'only believe official gubment statistics and the FED'...ok.

Wed, 04/04/2012 - 12:08 | Link to Comment Ms. Erable
Ms. Erable's picture

Kinda weak today, MDB. Have some nice GMO nutrition - it'll put you in the proper frame of mind for trolling.

Wed, 04/04/2012 - 16:09 | Link to Comment XitSam
XitSam's picture

Doubt this attempt will even get MDB to a -50

Update: I was wrong.

Wed, 04/04/2012 - 12:12 | Link to Comment FrankThinkTank
FrankThinkTank's picture

such tact MDB. looking good :)

Wed, 04/04/2012 - 12:20 | Link to Comment TrulyBelieving
TrulyBelieving's picture

This type of critical thinking demonstrated by MDB would be laughable, except for the thought there are people with control and power that think exactly this way. Is there any wonder that the world is in such a catostrophic condition?

Wed, 04/04/2012 - 12:39 | Link to Comment Not Too Important
Not Too Important's picture

Read "Report From Iron Mountain". It's all there. They've been following it for decades.

What we're seeing now, is what happens when it turns out to be a complete failure.

As for the Rothschilds, and all those with them at the top of the pyramid, all their money combined can't buy them air free from Fuku radionuclides. I feel sorry for everyone on this planet, and if there is a Judgement at the Pearly Gates, I hope they all have good lawyers.

Wed, 04/04/2012 - 13:45 | Link to Comment viahj
viahj's picture

won't most lawyers be in hell instead?

Wed, 04/04/2012 - 20:37 | Link to Comment Ms. Erable
Ms. Erable's picture

Isn't the term "good lawyer" an oxymoron?

Wed, 04/04/2012 - 15:41 | Link to Comment NotApplicable
NotApplicable's picture

MDB is both doomed and saved by Poe's Law.

http://en.wikipedia.org/wiki/Poe%27s_law

 

Wed, 04/04/2012 - 12:26 | Link to Comment q99x2
q99x2's picture

1. Avoid Globalists talking about austerity of poor people as a way of reducing the US deficit and selling a newly released book.

But in case you still choose to indulge here is a link to Simon Johnson from today on the Tech Ticker.

He does look rather thin and in need of some better food so I can't blame him.

Wed, 04/04/2012 - 18:18 | Link to Comment barroter
barroter's picture

Yeah, austerity sure worked with the Greek mob. Try and sell that to the American one.  "Work for Less! "Do Without!"  Those are sure vote getters.

Wed, 04/04/2012 - 12:35 | Link to Comment free market dreamer
free market dreamer's picture

You are funny... My first post... Been a looky-loo for awhile but this made me chuckle... Good satire MDB!

Wed, 04/04/2012 - 18:34 | Link to Comment i-dog
i-dog's picture

It's saddens me that you, a first time poster (welcome, BTW!), can clearly see the satire while some of the older hands fail the IQ test and throw up irate comments. WTF!

Wed, 04/04/2012 - 12:43 | Link to Comment William113
William113's picture

So what your saying is those groups are like AIPAC, ACLU, NOW ect ect...... And the FED.

Wed, 04/04/2012 - 13:43 | Link to Comment Toolshed
Toolshed's picture

Yawn......your trolling used to be first rate incendiary stuff. Now, your spew is luke warm at best. You are trending to the downside.

Wed, 04/04/2012 - 16:08 | Link to Comment Not Too Important
Not Too Important's picture

TROLL JOUSTING!!!

Wed, 04/04/2012 - 13:54 | Link to Comment Watauga
Watauga's picture

"You cannot just believe every nut job on the internet." 

Got it, and applied it.

Wed, 04/04/2012 - 14:56 | Link to Comment ONO47
ONO47's picture

You always make me laugh. I'm just never sure whether to vote up (you are being sarcastic) or down (you are being serious).

Thu, 04/05/2012 - 09:29 | Link to Comment ONO47
ONO47's picture

Thanks for the explanation, Captain Obvious!!

Wed, 04/04/2012 - 15:28 | Link to Comment TWSceptic
TWSceptic's picture

Stop wasting space and time, no one cares.

Wed, 04/04/2012 - 15:41 | Link to Comment NotApplicable
NotApplicable's picture

Wait... you care!

Wed, 04/04/2012 - 17:39 | Link to Comment DanDaley
DanDaley's picture

Sounds like you're conspiring to conspire.

Wed, 04/04/2012 - 17:41 | Link to Comment GCT
GCT's picture

One of these days all we need to give MDB some cognitive dissonance and everyone give him or her all up votes.  That may be more entertaining seeing his replies.  I love his entertainment!

Wed, 04/04/2012 - 20:39 | Link to Comment DosZap
DosZap's picture

Critically thinking........................

The Southern Poverty Law Center has a comprehensive list of hate groups that should be avoided. These groups often claim to advocate "liberty" or "freedom", but this is normally just a cover for their extreme right wing and conspiratorial views.

And with this little tirade of Rectal Defilade on your part, this confirms to me,your an idiot, and probably just a Troll, or an Agent Provacateur for the PTB.

THE SPLC is nothing but a group of Soros/Commie/Progressive  funded hate mongers.......they have ZERO crediblity with anyone I know, and I know a lot of folks.

They rank at the same level as The Brady Bunch, and Pelosi, and Harry Reid.All hell bent on promoting OBlameO's agenda.

Thu, 04/05/2012 - 05:04 | Link to Comment silverdragon
silverdragon's picture

I am still not convinced MDB is the most sarcastic guy on ZH, the comment about hate watch groups etc was a bit disturbing. He is just a Troll with 25 bogus ZH accounts. 

Thu, 04/05/2012 - 04:10 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Long discredited? You mean by already debunked frauds like Paul Krugman?

The Austrian School is not perfect but accounts for all activities in all markets in a way that's accurate. The Keynes model has no such accuracy & attempting to use it causes severe economic damage from debt & banking concentration of power into fraud oligarchy.

Bernanke, Krugman, Geithner are all least-credible sources.

But hey, just ask these jokers if you're not sure:

Nobel prize-winning economists http://youtu.be/mFdnA5UNmVw?t=2m54s

Wed, 04/04/2012 - 12:12 | Link to Comment Freegolder
Freegolder's picture

The Minsky Moment will be the point when the U.S. Treasury begins having funding problems due to the spiraling debt incurred in financing perpetual government deficits. At this point no buyer will be found to bid at 2% to 3% yields for U.S. Treasuries; consequently, a major sell-off will ensue leading to a sudden and precipitous collapse in market clearing asset prices and a sharp drop in market liquidity.'

 

Nope, wrong.

Has the writer not heard that the Fed will buy the debt? There will be on liquidity issue, just a realisation that the system is pure ponzi, and then the dollar will collapse.....

Poof, then it is gone.

Wed, 04/04/2012 - 12:51 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

when the U.S. Treasury begins having funding problems

LOL!  Funding problems?  Like what?  Someone spills the beans that Madoff Bernanke and Stanford Geithner are running a ponzi?  Everyone already knows, and nobody cares.

 

Wed, 04/04/2012 - 14:07 | Link to Comment mind_imminst
mind_imminst's picture

Exactly freegolder. UST interest rates WILL NOT rise very far before the FED prints and buys, even if they have to buy every piece of paper in a bidless market, they will. Of course, printing a gazillion dollars will have negative side effects, but the FED WILL print to infinity and buy UST.

Wed, 04/04/2012 - 20:17 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

then the dollar will collapse.....

Yes, currency collapse is how it'll all end.

Of course that means dollars in your pocket and my pocket and everyone's pocket will be worthless.   That's the shitty part.

Wed, 04/04/2012 - 12:44 | Link to Comment Tarheel
Tarheel's picture

Time to end Obama's reign of incompetance

Wed, 04/04/2012 - 12:52 | Link to Comment srelf
srelf's picture

Anyone who reigns IS INCOMPETENT!

 

Wed, 04/04/2012 - 17:59 | Link to Comment NotApplicable
NotApplicable's picture

And verbally incontinent. (unable to control their vowels)

Wed, 04/04/2012 - 14:47 | Link to Comment true brain
true brain's picture

Even if you have the best, most honest, capable leaders, regenacy can not and will not be achieved because: peak oil. It is simply too late. Without cheap energy, we are all like sheeps waiting for the wolves. The earth will be burning cauldron in 30 years.. Hopeful those who will survive will be noble, strong, just, kind. May the meek inherit the earth.

Wed, 04/04/2012 - 18:40 | Link to Comment i-dog
i-dog's picture

The meek will inherit the leftovers!

It's time for the strong to turn away from reliance on central government and take back their local communities from the ponzi. 1776!

Wed, 04/04/2012 - 21:34 | Link to Comment DosZap
DosZap's picture

Time to visit the passport office

IF you were like most folks, and let yours lapse, get ready.

Bend over.

You will have to know relatives, dates, and names, etc,etc, etc, that are unimaginable..............to get a NEW one if yours lapsed.\

Fair warning. They will get their pound of flesh.

Wed, 04/04/2012 - 12:05 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

A replay of the August 2011 showdown could be disastrous for Obama if the stock market were to crater again.

Lame scare tactics.  Disastrous?  Really?  Elections do not matter anymore.  Our political system has been sold down the river...red team, blue team, same league ownership. 

Stock market?  What market?  All I see are dolts waiting in line at the printer, with success being awarded to those that are able to cut in front of others.  This is not a market.

Sometimes you just need to start over, but we probably will not be around long enough to see it.

Wed, 04/04/2012 - 12:06 | Link to Comment evolutionx
evolutionx's picture

Summer 2012: Iran war, crash in the markets and financial institutions

 

five devastating storms will mark the summer of 2012 and thus accelerate the process of world geopolitical swing:

    . US relapse into recession against the background of European stagnation and BRICS slowdown
    . dead end for the central banks and interest rate increases
    . storm on the foreign exchange and Western sovereign debt markets
    . Iran, the war ´ too far ª
    new crash in the markets and financial institutions.

 

Full Analysis:

 
http://www.webcompact.net/index.php/news/21800-summer-2012-iran-war-crash-in-the-markets-and-financial-institutions

Wed, 04/04/2012 - 12:15 | Link to Comment SheepDog-One
SheepDog-One's picture

Yeah something tells me we're in for a far different show than what everyone has concluded. I dont believe we just 'muddle thru' with some well timed printing here and there, I think we're in the eye of a Cat 5 Shiticane. 

Wed, 04/04/2012 - 12:50 | Link to Comment AmericanFUPAcabra
AmericanFUPAcabra's picture

Is that a Jim Lehey quote? Superintendant of the Sunnyvale Trailorpark?

Wed, 04/04/2012 - 17:58 | Link to Comment ebworthen
ebworthen's picture

Bubbles for President!

Wed, 04/04/2012 - 14:04 | Link to Comment Watauga
Watauga's picture

This administration and this Fed will do what is necessary to prevent all of this except, perhaps, an Iran War, until after November.  The Iran War is the wild card, as it is a tool in the administration's toolbox to use to lock in re-election.

Wed, 04/04/2012 - 18:08 | Link to Comment cossack55
cossack55's picture

You forgot Fukashima and the evacuation of Tokyo and northern Japan.

Wed, 04/04/2012 - 18:46 | Link to Comment i-dog
i-dog's picture

What a lame piece of propaganda that item was! They decided not to concrete over the pools because of a cost of millions, so instead they're going to evacuate 40 million people (at a cost of hundreds of billions)!! Yeah, riiiight.....

Wed, 04/04/2012 - 12:12 | Link to Comment whstlblwr
whstlblwr's picture

According to Steve Kangas papers, (Cecil In Akron) has stolen elections since 1970's. If we want change it starts there. Like Chris Hedges says, the intelligence community has to justify their existence and billions of dollars from government. We have a short time to stop the NDAA.

http://www.truthdig.com/report/item/coming_to_a_gulag_near_you_20120402/

Wed, 04/04/2012 - 13:01 | Link to Comment CH1
CH1's picture

Like Chris Hedges says, the intelligence community has to justify their existence and billions of dollars from government.

They already to that - with cop and terror shows on TV. They OWN the media. Why do you think Firefly was abruptly killed?

Look up Wizner's Wurlitzer.

Wed, 04/04/2012 - 12:27 | Link to Comment SheepDog-One
SheepDog-One's picture

Well as long as it might be disastrous to the Emperor ObaMao, then millions must suffer and die so disaster may be averted for The One of course.

Wed, 04/04/2012 - 12:30 | Link to Comment semperfi
semperfi's picture

"Those who cast the votes decide nothing; those who count the votes decide everything."

--Joseph Stalin

Wed, 04/04/2012 - 12:35 | Link to Comment Dr. Engali
Dr. Engali's picture

One word...Deibold.

Wed, 04/04/2012 - 12:39 | Link to Comment whstlblwr
whstlblwr's picture

No, CIA

And that Stalin quote is bullshit. Those that stop the corruption and stop the cheaters win. Or the best cheaters win.

RP could have done a better job to make sure the votes weren't stolen.

Wed, 04/04/2012 - 13:03 | Link to Comment CH1
CH1's picture

CIA ain't that competent, aside from being in competition with the other alphabet soup clowns.

"Stopping the corruption" is an empty dream, leading to a closed loop of wasted life.

Forsake the system and start living.

Wed, 04/04/2012 - 13:28 | Link to Comment whstlblwr
whstlblwr's picture

You're weakling, and can't live by yourself, it's a selfish attitude. We can reform the corrupt system. Takes more effort though. Patriots, independents, liberals, have to work together.

"1975 Senate Church committee investigation looked into virtually every type of CIA crime, from assassination to secret war to manipulating the domestic media. The "reforms" that resulted from these hearings were mostly cosmetic, but the details that emerged shattered the CIA’s reputation forever. Interestingly enough, the two Senators who held these hearings — Frank Church and Otis Pike — were both defeated for reelection, despite a 98 percent reelection rate for incumbents."

http://www.huppi.com/kangaroo/L-overclass.html

Wed, 04/04/2012 - 17:23 | Link to Comment CH1
CH1's picture

This is sacracsm, right?

Thu, 04/05/2012 - 03:34 | Link to Comment New World Chaos
New World Chaos's picture

The system is unfixable because everyone who is a part of it wants to preserve it, and anyone who would actually fix it cannot get in from the outside.  Most of the honest insiders have been squeezed out long ago.  The system has become a law unto itself.

We need a severe collapse.  The kind that would get even UsCitizens to look in the mirror.  This is the only way the good medicine will come out and go deep into the whole rotten power structure.  This can only happen after the system has lost all legitimacy in the eyes of the people.  So let them try hyperinflation and martial law.  Then, with a lot of luck and perhaps a bungled false flag, the proles may decide that it is time to hang the traitors,  repeal the Commerce Clause, repeal legal tender laws, smash all the televisions, burn Yale, salt the ground, that kind of thing.  The more institutions that burn these next few years, the more freedom we will have afterwards.

Wed, 04/04/2012 - 13:17 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

All dead Democrats rise from the grave to vote on election day.

Wed, 04/04/2012 - 12:37 | Link to Comment HarryM
HarryM's picture

This is election is arguably the most important in our lifetimes.

The level of money that will be spent (including behind the scenes action) will be astronomical.

I would not rule out a well timed market crash or temporary recovery

Wed, 04/04/2012 - 12:57 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

You, sir, are divided and ruled, as are the masses which participate in the left-right political game. 

Wed, 04/04/2012 - 17:46 | Link to Comment GCT
GCT's picture

Hedgeless I thought he was playing in a political game as the dems and repubs are one and the same +1 to ye !

Wed, 04/04/2012 - 13:00 | Link to Comment Big Swinging Richard
Big Swinging Richard's picture

Agreed.  However, a crash is part of the "Grand Plan" in order to implement the next phase of the NWO.  The US economy and the dollar must be destroyed in order for the UN/World Bank to begin the next phase.  I fear that the American people are waking up a bit too late to the problems of the last fifty years.  It was nice while it lasted though.

Wed, 04/04/2012 - 16:18 | Link to Comment Cathartes Aura
Cathartes Aura's picture

most people wake up within their own dream - when one really wakes up, the dream is shattered.

doubt this?  read these posts, daily. . .

Thu, 04/05/2012 - 11:05 | Link to Comment Kobe Beef
Kobe Beef's picture

Yeah, a battle between the Cultural Marxists and the Economic Fascists between who gets to hold the reins of Leviathan for the next four years. It's real important for Washington D.C., but Leviathan will feed on the blood of the people no matter which party wins.

As long as D.C. wins, The People lose.

Thu, 04/05/2012 - 00:21 | Link to Comment StychoKiller
StychoKiller's picture

Unfortunately, if the Romneylan wins, he's gonna respond to any financial crisis the same way that Obamatron and the Shrub did:  SPEND MORE MUNNY!  The BRICS new BIS (is that what it is?) sounds the death knell for the almighty FRN!

Wed, 04/04/2012 - 11:52 | Link to Comment nasdaq99
nasdaq99's picture

Just bumping this forward:

Anybody get this email overnight from Anonymous titled "Declaration of Revolution"?

 

Dear Anonymous,

The purpose of this message is to inform you about the Revolution:

OCCUPY HOUSES OF PARLIAMENT IN LONDON ON NOVEMBER 5, 2012.
OCCUPY CONGRESS IN WASHINGTON D.C. ON NOVEMBER 11, 2012.

STOP WAR.
CANCEL ALL DEBT.
REDISTRIBUTE WEALTH.

Please, watch the "Nazi Banksters Crimes Ripple Effect" movie to find out why, how, and to have sound arguments to persuade others. The movie can be easily found with a search engine.

Please, print the flyers at 2012jubilee.info and distribute them.

Please, spread this message and the movie to everyone you know.

-Anonymous

Wed, 04/04/2012 - 12:04 | Link to Comment Paul Atreides
Paul Atreides's picture

Confirmed, Canadians to meet on parliment hill the morning of November 11th.

Wed, 04/04/2012 - 12:09 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

So will they be redistributing their own wealth or that of others?

Wed, 04/04/2012 - 12:19 | Link to Comment Paul Atreides
Paul Atreides's picture

Well we could start with the Rothschilds fortune reputed to be somewhere around $250 Trillion. That would be enough to repay all debts and eliminate poverty and hunger worldwide.

How about Jon Corzines? The people would love that...

Wed, 04/04/2012 - 12:20 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

How long could the Rothschilds and their cronies keep their wealth if sound money and relatively free markets were re-instituted? That's the way to do it.

Wed, 04/04/2012 - 12:29 | Link to Comment Paul Atreides
Paul Atreides's picture

I am 100% with you on sound money and the re-instution of free markets, I want to get back into trading I miss that rush. Wealth distribution is such a generic term that I dislike as much as you. It implies everyone over the 50% mark gets shafted.

What this truly should summarize is the fact that the banking cartel has sucked the blood out of humanity for over 100 years. It is this wealth of the .01% or less that needs to be re-distributed as it has been stolen from humanity.

Wed, 04/04/2012 - 13:42 | Link to Comment narapoiddyslexia
narapoiddyslexia's picture

BTFD. The article by Jim Rickards linked below strongly implies that if we simply stop spending money, the system will come crashing down. All of Bennie's plans hinge on our spending more money. By my own simplistic BOTE calculation, if 10% of us who make near the average income [not median income] cut our spending in half, we can Bring The Fucker Down, the acronym for which is, of course, BTFD.

http://www.financialsense.com/contributors/jim-rickards/problem-with-fed...

So, stop spending money, or SSM. Thus,

SSM. BTFD.

Why wait till November? We can crash the system from the relative quiet of our own homes.

Wed, 04/04/2012 - 16:18 | Link to Comment XitSam
XitSam's picture

Do I assume correctly that spending on PMs does not count as "spending"?

Wed, 04/04/2012 - 21:16 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

The article by Jim Rickards linked below strongly implies that if we simply stop spending money, the system will come crashing down.

You're a fool for buying into nonsense like "stop spending money".

People aren't gonna stop spending money, even by half.

Crazy ideas like "stop spending money" are a copout for not doing what really needs to be done, seize the federal government and dissolve it, along with the Fed, then start a new government.

But no, that won't happen. We'll all pay the price for it not happening.  The currency will collapse and all dollar-based wealth from treasuries to bank CDs will collapse with it, including your paycheck.  You'll get the same number of dollars, but they won't buy anything excet a loaf of bread maybe.

People can't imagine how catastrophic it will be for America when the rest of the world dumps the dollar.

Wed, 04/04/2012 - 21:37 | Link to Comment DosZap
DosZap's picture

People can't imagine how catastrophic it will be for America when the rest of the world dumps the dollar.

Most ZH'ers do.

We are known as Preppers H.

Wed, 04/04/2012 - 22:50 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

I don't think preppers even understand how catastropic it'll be.  

We're talking 3rd world anarchy.  Good luck trying have any sort of decent life in those conditions.

Leaving America will be the only practical option.

Thu, 04/05/2012 - 11:08 | Link to Comment Kobe Beef
Kobe Beef's picture

And if your money is still in one of the Big 5 Banks...why?

Take it out. Boycott them.

Wed, 04/04/2012 - 13:07 | Link to Comment CH1
CH1's picture

Well we could start with the Rothschilds

Right, find a scapegoat and string him up! That'll make everything great!

Sometimes people will do anything except take their own lives into their own hands.

Stop looking for a villain and just walk away from the rot.

Wed, 04/04/2012 - 13:52 | Link to Comment Paul Atreides
Paul Atreides's picture

The Rothchilds are the most evil villianous scum to walk this earth and along with the Committee of 300 are the cause of most war, poverty and hunger today. You can't stop or cure the spread of rot without removing the cause and attacking the root. Learn your facts and history before you accuse me of scapegoating son.

 

 

 

 

 

Wed, 04/04/2012 - 13:56 | Link to Comment CH1
CH1's picture

Well, sorry if I was a bit strong, but the point is this:

You can either throw rocks at the villains - and stay in their proximity...

Or just walk away and start living.

I don't care about who did bad things a hundred years ago - I want to get away from the systems that allows them to do it... and to start living MY WAY.

Wed, 04/04/2012 - 14:12 | Link to Comment Paul Atreides
Paul Atreides's picture

They own everything, you can not walk away as there is no where to go and their reins will get tighter and tighter until they become shackles. All you have to do is look at the laws and big brother initiatives coming out of governments across the globe. We are on the verge of a totalitarian one world government and if we don't act accordingly we will never be able to escape our bondage.

Be a man, grow a pair, stand up and fight for yourself, fight for your family, fight for your countrymen, fight for your country and most important of all... fight for humanity.

Wed, 04/04/2012 - 17:29 | Link to Comment CH1
CH1's picture

LOL... you know nothing about me and fighting.

Go ahead and fight in their political pit and pat yourself on the back for your courage. I've left that shit behind and am living as I see fit. I've ALREADY escaped and I no longer view them as omnipotent. They are clowns with hynotized followers.

Fuck the system!

Wed, 04/04/2012 - 18:23 | Link to Comment Paul Atreides
Paul Atreides's picture

Wake up. CH1o...

The Matrix has you...

Wed, 04/04/2012 - 19:09 | Link to Comment i-dog
i-dog's picture

It is you who needs to wake up ... CH1 is right on track.

You are being played by the alternative media (including articles such as this one by Quinn). Each alternative media outlet/pundit points you at a different villain ... to divide and rule!

(Quinn says it's the boomers, another says it's the lizard people, another says it's the white shoe boys, another says it's the bankstas, another says it's the joos, another says it's the catholics, another says it's the Rothschilds, another says it's the illuminati, another says......). In a way it's all of them, but none of them. It's a Luciferian control structure that is ancient and still expanding.

The real solution is to disengage from the central system (which 'they' totally control), get your own life and your local community onto a sound basis, THEN rebuild under a new paradigm.

The state debts cannot be repaid, they won't be repaid, and no state representative that you elect will ever try to repay them. Disengage from the state!

Thu, 04/05/2012 - 01:15 | Link to Comment Paul Atreides
Paul Atreides's picture

COME ON...you can't just stick your head in the sand and hope it all goes away...

In your second sentence you say I am being played by the alternative media then in the conclusion of the third you point directly at the root of the cause. These families and their banking cartel are well documented as well as their equities which include most main stream media, most oil, pharmaceutical and the military industrial complex and probably some AAPL. Not to mention their control groups like the Bilderberg Group, the Council on Foreign Relations, Tri Lateral Commission, UN and so on. You would literally have to get everyone to disengage from that system at the same time, if not then they remain a part of that system.

If you really think that disengaging at a state level is going to work just look at Greece and Italy with their unelected governments and extreme austerity. If they cannot infiltrate financially or politically just look at Libya and Syria reduced to rubble with paid mercenaries, Al CIAda and No Fly Zone bombing raids. You live under their central planning, central banking, wealth extraction murdering machine whether you like it or not.

You can't just run away from the world's problems and dream up some little utopia community in the mountains or out in the forest. If you take away the technology of the last 100 years humanity has made absolutely no progress in solving the most important issues like poverty, hunger and energy. We are stuck with these parasites sucking and feeding off our labour that could go to solving these problems. It is time we progressed, it is time for us to evolve and to do so we must all accept the risks involved and we all must stand up and work together.

Thu, 04/05/2012 - 03:44 | Link to Comment New World Chaos
New World Chaos's picture

Thanks for reminding us that Lucifer is the Prince of this world and these people are all part of Lucifer (a collective consciousness that few can sense).

Thu, 04/05/2012 - 16:03 | Link to Comment RallyRoundTheFamily
RallyRoundTheFamily's picture

There is no way to totally disengage from the central system. (in US)

You are correct about the divide and rule, which is why when (insert catastrophe of choice) rage will be scattered and not focused.

Without the proper focus nothing good will get done.

Wed, 04/04/2012 - 13:18 | Link to Comment Silveramada
Silveramada's picture

500 trillion$

Wed, 04/04/2012 - 12:13 | Link to Comment flacon
flacon's picture

REDISTRIBUTE WEALTH.

 

Redistribute wealth? Whose wealth? How's that supposed to happen to make it "fair" for all? 

Cancel all debts? Whose debts? How's that supposed to happen to make it "fair" for all? 

 

Perhaps hyperinflation is the fairest way since those who care to learn about it will benefit from it, while those who are lazy and indifferent will suffer. Let's take this evolutionary step forward. 

Wed, 04/04/2012 - 12:35 | Link to Comment XitSam
XitSam's picture

Social Economics is Social Justice! Power to the People! Right on!

Oooh, sorry, flashback, please continue.

Wed, 04/04/2012 - 13:29 | Link to Comment Manthong
Manthong's picture

Hmmm..

"Spread the wealth around?"

I seem to recall hearing that somewhere before.

Thu, 04/05/2012 - 11:31 | Link to Comment Kobe Beef
Kobe Beef's picture

hmmm...just off the top of my head..Robespierre, Lenin, Mao, Pot, Mugabe... lot of spreading been done in recent history. None of it wound up Good.

How about: "eliminate the Great Wealth Sucking Machine in DC, and leave people free to create their own." or just "Laissez-Faire." Or coarsely, "Put the Goddamned Central-Planning Crony Entitlement State out of fucking business forever."

Redistributionism is not healthy. All the collectivist nightmare societies of the last 200 years have waved "sharing the wealth" & "equality" among their banners.  Invariably, those revolutionary elites chosen to divide up the spoils just end up taking more for themselves. I think Animal Farm characterizes this historical certainty best.

I'm glad people are taking direct action against the overseers. However, I see their political agenda as the mere Continuation of Clueless Collectivists up to no Good.

Wed, 04/04/2012 - 12:11 | Link to Comment Dr. Engali
Dr. Engali's picture

Redistribute wealth huh?  No thanks if that's what they have in mind I'll be staying home stacking.

Wed, 04/04/2012 - 13:03 | Link to Comment ElvisDog
ElvisDog's picture

Have you been to the Capitol Building lately? It's like a military compound. How exactly are the Occupy folks going to get past the concrete barriers and armed guards to occupy the Capitol Building?

Wed, 04/04/2012 - 16:28 | Link to Comment Cathartes Aura
Cathartes Aura's picture

seven months to plan and think about it, should do the trick.   can even vote the week prior - cool eh.

Wed, 04/04/2012 - 18:22 | Link to Comment barroter
barroter's picture

Redistrubuting the ill gotten wealth of the banksters...that'll get an A-OK from the American public.

 

Wed, 04/04/2012 - 11:55 | Link to Comment El
El's picture

Not to change the subject, but...

Goldman Sachs Engaged in Secret Re-Titling Into Goldman's Name Alone of Over 20 Million Shares Owned by Marvell Founders http://americankabuki.blogspot.com/2012/04/goldman-sachs-engaged-in-secr...
Wed, 04/04/2012 - 16:26 | Link to Comment Not Too Important
Not Too Important's picture

How far down the rabbit hole does this go? What else is out there? How many of these cases have either innocent folks been paid to hush up, or threatened?

Good luck making this go away.

Wed, 04/04/2012 - 11:56 | Link to Comment JustObserving
JustObserving's picture

"We are accumulating debt at a rate of $3.7 billion per day, or $154 million per hour"

US debtclock had debt growing at $4.1 billion a day or $171 million per hour.

It also has unfunded liabilities growing at $18.2 billion a day or $757 million per hour.

http://www.usdebtclock.org/

Wed, 04/04/2012 - 12:12 | Link to Comment Ratscam
Ratscam's picture

MDB will consider this information source coming from a nut job from the internet. Only Goldman or MSM are credible sources.
We,re doomed. Debt situation looks similar in Europe, Japan and UK.

Wed, 04/04/2012 - 12:36 | Link to Comment JustObserving
JustObserving's picture

We are accumulating debt at $928 million an hour - much faster than Europe or Japan.  Or $72 per citizen per day.  Or $26,280 per citizen per year.  Or, if your prefer, $105,120 per family of four every year.  We are in a league of our own.  And those unfunded liabilities are Social Security and Medicare. They will be politically impossible to cut - so they are as real as debt.

Wed, 04/04/2012 - 18:32 | Link to Comment RafterManFMJ
RafterManFMJ's picture

My personal threshold is 1 billion an hour; once we cross that level, I'll sit up and take notice. We? I mean they as I certainly have no intention of paying it down.

Wed, 04/04/2012 - 11:56 | Link to Comment silvertrain
silvertrain's picture

All debt will be forgiven..Everybody gets a fresh start..Digital SDR's will replace dollar, cashless is comming..

Wed, 04/04/2012 - 13:08 | Link to Comment CH1
CH1's picture

I think some of the sickest bastards would really like that.

Thu, 04/05/2012 - 11:33 | Link to Comment Kobe Beef
Kobe Beef's picture

I think they've been working on it for some time.

Wed, 04/04/2012 - 11:57 | Link to Comment shutdown
shutdown's picture

 

 

WOW! So clear! Everyone should read this. 

Wed, 04/04/2012 - 12:04 | Link to Comment Abnormal
Abnormal's picture

Cut the crap of national debt being so incomparably out of control

http://3.bp.blogspot.com/_5aAsxFJOeMw/TP_CCtiHEQI/AAAAAAAADtM/TJT2WAFX__...

Wed, 04/04/2012 - 12:03 | Link to Comment SheepDog-One
SheepDog-One's picture

So its definitely going to burn to the ground one day 100% certainty, but in the mean time they got this shit all handled for 12 or 18 or 24 months or so depending on which engineers are judging the stability of all the dominoes.

OK, got it.

Wed, 04/04/2012 - 12:03 | Link to Comment nameless narrator
nameless narrator's picture

Japan IS a decent compare.  Assume that Japan explodes today into a thermonuclear ball of financial catastrophe....   So, as a present USA citizen, I've got about 22 years to get a new citizenship and passport.  ditto everything hedgeless_horseman said.  we'll have to start over for sure - but we all know it is NOT going to happen tomorrow and it isn't going to happen without a major train-wreck financial meltdown and massive CNTRL-P.   Sure, we'll mostly ignore all sign posts along the way...    its the way we roll...   like the banking commercial on TV:   just accept it...

Wed, 04/04/2012 - 12:10 | Link to Comment Dr. Engali
Dr. Engali's picture

You're only half right. Japan had 22 years because there was a larger economy out there that could help support their debt in addition to their people buying their debt. We are roughly three times Japans size economicaly with no savings rate. There isn't enough money put there to buy our debt with out uncle Ben printing.

Wed, 04/04/2012 - 12:43 | Link to Comment nameless narrator
nameless narrator's picture

so?   then, they will print.   printing is part of the slow can kick.  the EU is a perfect example of how long one can kick. after they can't print, they'll change the laws.  anything becomes a problem, they'll change the laws.  any statistic becomes a problem:  they'll change the way it is calculated.  it will take a LONG time to get to a new reality.    anyone who believes it is just a matter of one or two years: should be leaving for a new abode elsewhere - and I'll probably join them in 20-40 years.

 

Wed, 04/04/2012 - 18:29 | Link to Comment Poor Grogman
Poor Grogman's picture

Look how long it took the USSR to collapse.

and that was with the rest of the world pushing them.

What happens if the rest of the world IS THE USSR.??

 

 

Wed, 04/04/2012 - 12:30 | Link to Comment Not Too Important
Not Too Important's picture

Actually, in 22 years Japan will be a no-go zone, most of us on the NA West Coast will be dead, with rad cancer spreading like wildfire throughout the rest of the planet.

I don't think new citizenship or a passport makes sense down the line. If you want to move far south, go now. With what's in your lungs already, at least you'll die in a better place. Maybe on a beach with a Caipirinha in your hand. Good luck.

Wed, 04/04/2012 - 15:22 | Link to Comment flattrader
flattrader's picture

Unfortunately, the more I read about Fukushima at one year out, the less convinced I am that anything substantial in the way of mitigation will occur before it gets a whole lot worse...and many will die if it gets a whole lot worse.

http://enenews.com/caldicott-if-spent-fuel-pool-no-4-collapses-i-am-evac...

Yeah, she may evacuate back to Oz, but those ocean currents don't behave the same way as the atmospheric currents do.  What fails to fall directly out of the air will eventually wash up on shore.

>>>on a beach with a Caipirinha in your hand...<<<

It's beginning to look like "On the Beach."

http://enenews.com

http://ex-skf.blogspot.com

http;//simplyinfo.org  and  http://www.simplyinfo.org/?p=5542

For those who want to get activist--

http://nirs.org/

 

Thu, 04/05/2012 - 11:45 | Link to Comment Kobe Beef
Kobe Beef's picture

Japan is NOT a decent comparison, unless you think the low intelligence and short-time horizon of the violent, diverse American underclass matches that of the Japanese population.

You really think you've got 22 years in the USSA? Hah. I've lived in both places, and I know of which I speak.

All this intellectualization obscures Empirical Reality. Both Nations are ruled by psychopaths, but one's underclass is profoundly more prone to violent madness than the other's. Try to figure out which one.

Cheers,

Beef

Wed, 04/04/2012 - 12:03 | Link to Comment MeetTozter
MeetTozter's picture

Funny how there is no call for those whose who control the money supply to change a thing they are doing.....

 

2012 - Jubilee!

Wed, 04/04/2012 - 12:05 | Link to Comment Son of Loki
Son of Loki's picture

MSM needs to run Balloon Boy , Danicng with the Idols, etc 24/7 to keep the sheeples in a daze and/or de-stracted.....

Wed, 04/04/2012 - 12:07 | Link to Comment SheepDog-One
SheepDog-One's picture

They need more Trayvon Martin George Zimmerman cases for people to focus their stupid sheeple anger elsewhere.

Wed, 04/04/2012 - 12:11 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

They certainly seem to have managed to get you fixated on the subject.

Wed, 04/04/2012 - 12:05 | Link to Comment kengland
kengland's picture

" The Federal Reserve cannot buy $1 trillion of Treasury bonds per year forever without creating more speculative bubbles and raging inflation in the things people need to live"

 

There's the Achilles heel for every argument like yours. Yes they can, and they will. So long as every cb in the world follows suit...and they will

Wed, 04/04/2012 - 12:11 | Link to Comment SheepDog-One
SheepDog-One's picture

BRIC's are not following suit. The real Achilles heel crippling them is real rising gas prices, food is following, and the more they print the higher it goes. I say the FED scam unravels again when gas breaches $4.50. Thats all the wiggle room they have.

Wed, 04/04/2012 - 12:55 | Link to Comment Not Too Important
Not Too Important's picture

Gotta' love those BRICs. Their own oil bourse, their own development bank, lots of energy. I remember back in '07 the best Western economists said it would take a minimum of 15 years before they could accomplish this. It took a little over 4.

The next President, whoever they pick that's related to King John, will be the one that goes down in history as the last President of the American civiliztion. We'll either have martial law by 2016, or we'll be in complete anarchy.

"I pledge allegiance to the FEMA Districts . . ."

Wed, 04/04/2012 - 14:36 | Link to Comment viahj
viahj's picture

aren't the BRICs using fiat as well....dumping the dollar into a new fiat will only prolong the global ponzi but with a shorter half-life of the USD reserve status

Wed, 04/04/2012 - 16:02 | Link to Comment Not Too Important
Not Too Important's picture

Unless they implement a gold standard, which would destroy the US dollar overnight, and send their economies skyrocketing.

They're not any less educated than we are, they clearly understand all the mistakes we made, and are determined to not let it happen to them.

And until they do implement a gold standard (which they're working on as fast as they can), barter will work just fine.

Thu, 04/05/2012 - 16:20 | Link to Comment RallyRoundTheFamily
RallyRoundTheFamily's picture

$6.00 my guess

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