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Man Vs Lemming: Survival Of The Fittest To Be Tied
In his latest edition of "The Privateer", Bill Buckler has an
enlightening 'compare and contrast' between that one species that will every so often
engage in acts of such sheer stupidity, it will blindly follow the herd, oblivious of the near certain resulting doom, right over the cliff, and lemmings...
Lemmings don’t do this. Like other animals, lemmings are instinctively compelled to migrate. Like other animals, when the urge takes them they ignore all potential danger. That does not mean that lemmings go out to commit suicide every time they want to be somewhere else. They don’t. But they do often try to swim bodies of water which are too wide and some of them (even most of them) drown in the attempt.
Lemmings don’t ignore potential danger, they are simply not stopped by it. Human beings often behave in exactly the same way. But unlike lemmings, human beings have the capacity to pretend to themselves that the danger they see right in front of them is not really there at all. They are potentially prey to what has been called “extraordinary popular delusions”. There is no delusion more popular or extraordinary today than the one that is governing financial markets and economies. This is the delusion that a terminally indebted financial entity can be rescued and preserved by increasing the debt it is carrying.
Most people stop before going over the edge where the value of their assets (paper or real) is insufficient to service or repay the debts they have contracted. These people stop borrowing, reduce their spending and begin to pay down their existing debts. They sell what can be easily sold to gain what is needed to meet obligations they cannot avoid. They cannot “recapitalise” because they cannot create any type of capital - real or money-based - out of thin air. If their best efforts are not enough, they have no choice but to renege on what is left owing and to take their lumps. They do not go over the precipice willingly. These are the people who must produce before they can consume.
Then there is another type of person. These people run legislatures, bureaucracies, central and commercial banks and large financial entities deemed “too big to fail”. They do not create wealth, they (literally) create claims to wealth which cannot be refused by those they govern. And of course, as those who create it, they have first use of it. Behind them are legions of acolytes in the media, in the halls of higher “education” and in the offices of lending agencies of all sizes and descriptions.
Some individuals in some governments in Europe are dragging their feet over the prospect of a lemming- like rush to drown in a sea of red ink. They are being roundly vilified for baulking at the precipice. President Obama says that they are “scaring the world!”. Treasury Geithner holds forth by warning that “the threat of cascading default, bank runs and catastrophic risk must be taken off the table”.
Meanwhile, with every upsurge in hope that another ocean of IOUs will be decanted in a soothing balm over the ocean of existing ones - the “markets” rally - only to fall away again as the financial version of the miracle of the loaves and the fishes is not forthcoming. The louder the claims that the process is “unsustainable”, the more insistent the chorus that it must continue. The alternative is too horrible to contemplate - to those who have spend their lives pretending that wealth can be created by a stroke of the pen. No matter how hard you try, you cannot fill a bucket which has no bottom.
Source: Bill Buckler's Privateer
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German Pirate Party gets 7 % in a national poll, enough to gets seats in German federal parliament.
http://pegnitzpirat.wordpress.com/2011/10/02/german-pirate-party-get-7-i...
Lemmings - http://www.youtube.com/watch?feature=player_embedded&v=xMZlr5Gf9yY
Humans - http://thespiritoftruth.blogspot.com/2011/09/return-of-king-or-rise-of-a...
my carpooler thinks i'm psychic. its just cuz i read the privateer. best out there imo.
Avast! Hoist the mainsail, ye seadogs!
I knew our day would finally come again, freunden!
Debt, arrrhhhh!
Europe is going to be fun watch this week! Since I have not done my homework, I do not know what these Pirate Party guys want or are up to.
But, I have pirate-corn popped and am ready for business. Argghh, ye bitchez!
+1 although your green arrow is not working...
His up arrow didn't work for me either, so I tried yours and it worked. Went back and tried his again and it worked. Weird.
Edit: I don't use those arrow thingys much, but it really pisses me off when RoboTard's down arrow won't work.
So should I buy or sell Silver and Gold tomorrow morning?
Sell paper, hold physical.
Just finished listening to an interview at PFSGroup on the demand for Physical Silver as a result of the lastest CRIMEX/CME/CFTC orchestrated price smash. Bottom Line: Demand for physical silver is through the roof. Retail investors appear to be waking up. They're buying silver like it's the last time they'll be able to get it. Who knows ... they could be right. Interview starts at the 21:45 marks and runs about 20 minutes.
======================
“Knowing When and What to Buy in Precious Metals”
Jim addresses the important topic of "knowing when and what to buy in precious metals" in the Big Picture. Jim is also joined by Kathy Derbes CFA of KDerbes Precious Metals LLC to discuss the recent wave of precious metals purchasing at the retail level, and how the premiums have escalated.
A native of New Orleans, Kathy graduated from Vanderbilt University with a BE in Civil Engineering. Following six years of engineering experience, Kathy began her investment management career.
http://www.financialsense.com/node/6518
DeadFred's got it right redy. No paper, no GLD. It's OK to buy real gold at these levels.
Buy "now" online!
What happened to the occupy wall st protest coverage ???
This is very worrisome.
Deliberately suppressed by the gov/corporate media aka fascist propaganda outlets. even U-Tube has felt the pinch, gov has ordered occupy wall st protest coverage taken down
Welcome to 21st Century fascism: No dictator, good suits, and media control.
Interesting that ZH is giving it such little coverage too. Jeff Rense is all over it, videos, spalsh art adn everything.
It's pretty big, now with the Unions in it too. ALso read that it has no center, no firebrand leader.
Perhaps he will magically "Appear", soon. Just in time ti re-ignite them. There was a video on You Tube showing a bunch of fat, pasty looking bankers and bankresses laughing and toasting at the protestors with the bubbly. Very inciteful clip, going viral. Check it out.
Interesting to see what de-velops from here.
ORI
My 9/11 photo Analysis: Tin Foil Territory Alert
"Very inciteful clip, going viral."
Yes, that was their "Let them eat cake!" moment. If they were smart, they'd be sending their families to their homeland.
They only have to make one mistake or let their guard down for a second, and that's it.
http://www.informationclearinghouse.info/article29156.htm
>>No matter how hard you try, you cannot fill a bucket which has no bottom<<
Good one. Its all looking a bit dicey, its so very true.
From Pine beetles to capitalism - we must try harder!
Great read. To lemming or not to lemming, that is the question.
Who knows what goes on the mind of the migrating lemming as it goes over the cliff. It may be a lemming version of "Cramer says Netflix is oversold".
True that. I wonder if they squeak out a "Boooyah" as they plunge downwards.
BRAVO! (Or should I say (squeak?) Booyah?) Your comment was worth the price of admission!
700 arrested at Brooklyn Bridge for occupywallstreet protests, things seem to be heating up...
http://goldandsilverlinings.com/?p=1671
heard a bunch of marine vets showed up in dress blues last night, for the protest on wall street, hope these young men are careful......
The traitor minions of the New World Order better be careful!!!!!!!
@ X. Green for the news.
That is significant if some of our real men are showing up. And dressed respectably.
That's as good as money, sir. Those are I.O.U.'s. Go ahead and add it up, every cent's accounted for. Look, see this? That's a car. 275 thou. Might wanna hang onto that one.
In the interim we non-lemmings must swim against the mainstream current, the prevailing mindset reinforced by all outlets of the money trust. According to one especially intricately crafted essay by Marcuse, the very act of composing and broadcasting a message through the media cannot help but deliver an unspoken cultural bias.
Zerohedge is among the rare communities where this insidious agenda is laid aside in favor of informed, critically tested viewpoints.
The very first step is to outlaw CDS's. Unethical and unenforceable in any moral society.
Seize the premiums and close the underwriters (and jail them if they are in breach of their obligations as directors running fraudulent business whilst insolvent).
Tulips bulbs were traded as an early form of futures contract in the 1630s. When that particular bubble burst. The Dutch courts ruled that these contracts were a form of gambling and therefore quite unenforceable.
http://www.theflowerbulb.com/plants/Tulipomania.php
Lemmings do in fact occasionally kill themselves en masse by drowning or falling, but such incidents are actually quite rare. An excellent anecdote from Wikipedia about how the suicidal image of lemmings was created:
"Even more influential was the 1958 Disney filmWhite Wilderness, which won an Academy Award for Documentary Feature, in which staged footage was shown with lemmings jumping into certain death after faked scenes of mass migration.[12] A Canadian Broadcasting Corporation documentary, Cruel Camera, found that the lemmings used for White Wilderness were flown from Hudson Bay toCalgary, Alberta, Canada, where they did not jump off the cliff, but were in fact launched off the cliff using a turntable.[13]"
Most 'wildlife' videos from that era were completely staged and usually involved cruelty.
there is nothing "popular" at all about this so called "delusion." only the pros..and the government of course... have been in this market...and that's going on years now. perhaps what was meant was "this delusion is in the people's interest"? anywho...with the media in full cover-up mode (until it's not...the sudden coverage of all Europe all the time on CNBC is pretty enlightening) how can one be deluded to begin with? we haven't even been informed! of course there is nothing more pathetic than a "we will now attempt to create a popular delusion" scheme involving money. Yet again: "cue to Treasuries" as your default setting. I don't think the Fed is frustrated as their debt instruments are now worth a fortune. If only bubble creation were as simple as Joe Kernan has been claiming since 2008:
http://www.youtube.com/watch?v=3jd1Ih8EUmw&feature=player_detailpage
i thought he had more hair than that?