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Mike Krieger Explains Why It's The Leadership, Stupid

Tyler Durden's picture


From Mike Krieger of KAM Lp

It's The Leadership Stupid

It’s the first time we have power with people that don’t have courage.  The people on top have power without courage.  You cannot find any other society like it.  Take the knights.  The knights were people who of course, their trade was risking their lives.  In theory, The President of the United States was supposed to be first in battle.  Not someone pushing a button.  The only way you can have a safe society is by moving these types of people (that risk nothing personally and take all the upside) out of their positions.  Making them more accountable.

- Nassim Taleb (in this fantastic interview )

From our perspective, this is a critical idea. As we have said for several years, we do not see Iran as close to having a nuclear weapon. They may be close to being able to test a crude nuclear device under controlled circumstances (and we don't know this either), but the development of a deliverable nuclear weapon poses major challenges for Iran.

Moreover, while the Iranians may aspire to a deterrent via a viable nuclear weapons capability, we do not believe the Iranians see nuclear weapons as militarily useful. A few such weapons could devastate Israel, but Iran would be annihilated in retaliation. While the Iranians talk aggressively, historically they have acted cautiously. For Iran, nuclear weapons are far more valuable as a notional threat and bargaining chip than as something to be deployed. Indeed, the ideal situation is not quite having a weapon, and therefore not forcing anyone to act against them, but seeming close enough to be taken seriously. They certainly have achieved that.

- Stratfor  “Considering a U.S.-Iranian Deal,” January 24th, 2012

I’ve Always Loved History

I’ve always loved history.  Even all the way back to grade school I remember it being my favorite subject.  Very early on I noticed certain patterns in history and I wondered why they occurred.  When I was first exposed to European history, I recall being absolutely floored by how certain countries could become so rich and powerful and then subsequently collapse so stunningly and rapidly.  The one that really boggled my mind was Spain - the homeland of my maternal grandfather who I never met.  Here was a country that conquered and viciously looted essentially all South America other than Brazil (thanks to the pope being magnanimous enough to grant that part of the world to Portugal in the Treaty of Tordesillas), Mexico, Central America and parts of the United States.  The gold and especially silver that was taken back to Spain was the stuff of legend, yet almost at the same time they had defeated the native peoples overseas their kingdom at home was crumbling.  Not to bore anyone with too much history, but by the mid 1500s the Spanish had essentially conquered the Aztecs (Mexico) and the Incas (Peru).  At the time, the Aztec capital, Tenochtitlan was estimated to be larger than any city in Europe.  Despite these tremendous “successes” and the riches that came with them, the battle of Rocroi in Northern France in 1643 less than one hundred years later marked the end of Spanish dominance in Europe.  What is so fascinating to me is that while the conquistadors were out raping and pillaging halfway around the world the domestic economy was experiencing economic crisis.  There were episodes of major currency debasements in the homeland as the crown was forced to fight wars on their borders as well as fund the excursions abroad.  It is important to note that the collapse came pretty quickly as it was only in 1627 when things were still looking pretty good for the empire that The Count-Duke Olivares famously stated: “God is Spanish and fights for our nation these days.”  Does this story sound familiar?

It’s the Leadership Stupid

The reason I put the Taleb quote at the top is because it is such a phenomenal interview and I request that every one reading this takes the time to listen to it this weekend even though it is very long.  In the part just prior to the quote I used he talks about how society is now separated into three categories.  The category that he has the most disdain for are those with “no skin in the game.”  These are the self-proclaimed “elite” of the Western world today.  This group is varied but generally consists of politicians, Wall Street executives, the CEOs of large state-connected and protected multi-national corporations and mainstream media “journalists” or as Gerald Celente likes to call them “presstitutes.”  As Taleb notes, these “elites” have no honor or courage.  They are groveling little manipulator parasites.  They have created a world in which they are able to reap all of the upside and have no downside.  When things go against them they just bail themselves out on the back of the rest of society. 

Then of course there is the group with “skin in the game.”  This group consists of the unconnected wealthy, the middle classes and the poor.  This is why class warfare is such an absurd thing.  OWS is not about class warfare.  It is about the battle between those with skin in the game versus the “elite” that rig the game and call it capitalism so they can later demonize it and consolidate power further.  It is about the 99.9% of humanity against the technocrat and crony capitalist alliance.  It is free humanity against a fascist system that is not capitalism or free market in any way shape or form.  Yes, I think OWS needs to make this message more clear, but it’s not about money.  It is about excessive power.  Yes money in large amounts does equal power but it is the system itself that is the cancer.  If we didn’t have a money system where money is counterfeit and can be created at will with a computer keystroke by the Ben Bernank payoffs and system rigging would be considerably more difficult for these clowns (although of course it would still happen).  

Taleb then describes the final group.  Those that “don’t have upside.” These people are there to “take the downside of others.”  The best example of this class is the military of course.  They risk it all for themselves and their family for essentially no reward except the satisfaction that they are doing good.  Here is where I think things get interesting.  What happens when the military realizes they aren’t fighting for the good of their nation?  What happens when they realize the wars they are risking their lives for are merely to help those with “all the upside and no downside,” ie the elite to consolidate power for themselves?  What happens when the military realizes their sacrifice is undermining the very Constitution they swore to uphold?  I will tell you what happens.  They support Ron Paul; which is exactly what has happened.   

The Iran “Card” and the Idiocy of Western Leadership  

If I was the leader of Russia or China right now I would be salivating and on the floor laughing.  I would be in utter disbelief of how corrupt and immoral and insane and incredibly stupid the technocratic/Wall Street leadership of the Western world is.  I mean they don’t even have to do anything.  All they have to do is sit back and watch us blow our societies up with our actions.  It’s truly remarkable. 

Let’s start with Iran.  Please go back to the top and reread the quote from the Stratfor piece.  Stratfor, for those who aren’t aware is one of the most respected geopolitical/intelligence research organizations of the planet.  So this isn’t just me spouting.  Isn’t it interesting how this organization makes it clear in no uncertain terms that Iran is nowhere near a nuclear weapon, yet all the presstitutes on television don’t ever even ask this question.  It is always posed as “well we know they are close so should we attack or not.”  This is how propaganda operates.  It doesn’t even allow you to start with an honest question, rather it starts off with a lie.  If you start off on a question of war with a assumption that is a patent lie how do you think things are going to turn out?  This is the exact same spectacle that we saw in the run up to the war in Iraq and their “weapons of mass destruction” that of course never existed.

All of this just supports my view that Iran is about two things.  First, Iran is not safely a glorified member of the “elite” Western puppet states in the Middle East.  This is a huge problem considering their considerable oil production and the threat that they could choose to not sell that oil in dollars.  Secondly, TPTB understand that the “natives” back home are getting restless and they know that historically speaking nothing works better in a crisis than a big war to get the population to be submissive and do as told.  The interesting thing here is that the U.S. citizenry does not want another war and neither does the rank and file military.  TPTB know this.  As a result, I think all of us need to be on the lookout for an attempted false flag attack that will be blamed on Iran.  This could be a “cyber-attack” (that would be convenient since they could then use it to also censor the web), or otherwise, but in the end this is something to be very cognizant of.  If you are following what is going on you realize that Iran has absolutely ZERO incentive to launch any attack on the U.S.  This would guarantee a response and regime change.  They are not that stupid.

The other interesting thing about the Iran situation is how completely incompetent and idiotic Western leadership actually is.  I am the farthest person from someone that wants to keep the status quo in place, but if I was one of these Western “elites” I can tell you one thing; I wouldn’t be making any of the foolish moves they are making.  The biggest blunder I have seen as of late is the U.S. and Europeans launching a new round of sanctions against Iran, specifically targeting their banking system.  The great irony in all of this is that this action is merely accelerating a move away from the dollar as the currency of choice for many in the region.  The only thing I have seen since these new sanction have been put in place are many more currency swaps between China and other countries.  Most notably recently with Japan and the UAE.  Even South Korea the other day mentioned buying Chinese debt and further diversifying reserves.  Then of course there are deals to sell Iranian oil to India using both rupees and gold.  In a world of tight resources and centrally planned economies whose leaders need to keep their sheep fed, warm and on the highways, Iran’s oil will be sold.  It’s actually comedic to see Europe taking the “offense” by saying they won’t accept Iranian oil.  Europe of all places?  Give me a break.  Yeah, threaten one of the biggest oil exporters in the world as you plunge into a sea of poverty, social chaos and bankruptcy.  Do everything in your power to throw them into the open arms of Russia and China.  You wonder how an empire can decline so fast?  It’s the Leadership Stupid.  History will remember the current crop of leaders in the Western world as the biggest collective or corrupt fools ever assembled on planet earth.

Ron Paul in Denver  

This Tuesday I had the pleasure to attend Ron Paul’s rally in Denver.  I had never been to a political rally before in my life and it was an awesome experience.  Contrary to Joe Scarborough whose anonymous source claims such rallies are filled with anti-Semites I went with another Jew and all I saw were intelligent, open minded, informed citizens coming together for the only principled candidate for the Presidency.  It took place in a large hotel ballroom and was standing room only.  About half an hour before it was to start I went across the hall to the shop to buy a bottle of water and the woman working behind the counter marveled to me about the amount of people attending saying she had “never seen anything like it.”  She also said she was closing her doors at noon to go herself.  Whether or not Ron Paul wins the office is actually besides the point.  He has already won.  As Victor Hugo said “no army can defeat an idea whose time has come.”  Well the time is now and the idea is liberty.

The Dave Janda Radio Show     

This past Sunday I had the pleasure to be on Dave Janda’s “Operation Freedom” radio show, which is broadcast on WAAM Talk 1600 Radio out of Ann Arbor Michigan.  Dave is a phenomenal guy and vigilant fighter for liberty.  He takes time out of his busy schedule as an Orthopedic Surgeon to do this show every Sunday.  Previous guests have included, Bill Murphy, Jim Rickards, Jim Rogers, Gerald Celente, John Perkins, James Turk and many others.  Here is the link to my segment.  I hope you enjoy.

Peace and wisdom,


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Thu, 02/02/2012 - 15:31 | 2120917 Mr Lennon Hendrix
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Buy silver, stupid.

Thu, 02/02/2012 - 17:52 | 2121376 LynRobison
LynRobison's picture

From what I can see, the decline of the western monetary system is not happening by accident. It is being orchestrated by the power elite who want to lord over the western world (and as much of the rest of the world as they can). Step 1, they get everyone deeply in debt denominated in fiat currency. Step 2, they buy all of that debt. Step 3, they destroy the value of fiat currencies, thus destroying everyone's ability to pay their debts. Step 4, they seize all the assets that were used as collateral for that debt. Step 5, they launch a new global currency, which people can earn only if they go to work for certain large corporations that are owned/controlled by the power elite. At that point they will own all of the assets, all of the means of production, all of the currency, and everyone's ability to pay their obligations or make a living. Goodbye freedom and liberty. Hello feudalism. 


Buy silver, buy guns, get out of debt, move someplace safe and out of the way.

Fri, 02/03/2012 - 01:15 | 2122245 i-dog
i-dog's picture

That is exactly the plan ... and it has been going swimmingly for them since at least the Clinton administration, or earlier!

"Assets" (ie. debts owed by the peasants) on bank balance sheets are now at astronomical levels ... without them having outlaid a single cent to "buy" those debts.

While everyone has been watching the magician's left hand (the politicians and pundits), the magician has been using his right hand (the banks) to stuff his pockets with IOUs from the entire brain-dead audience!!!

It will be interesting to see the result when every "NoDoc" mortgagor...and "federal student loan" university graduate...and "kash for klunkers" new-car owner...and "buy now, pay later" iCrap presented with a "pay up in full right now, in accordance with Clause xyz, or give us the collateral and make appropriate arrangements with your local FEMA workkamp to work off the shortfall" demand!

Fri, 02/03/2012 - 02:37 | 2122348 greyghost
greyghost's picture

oh you mean like the great repossession....oh my mistake the great depression

Thu, 02/02/2012 - 15:39 | 2120924 Gene Parmesan
Gene Parmesan's picture

The government is the problem, and the problem isn't going to be solved anytime soon because of just how far out of control generations of voters have let things get.

Thu, 02/02/2012 - 15:39 | 2120942 LawsofPhysics
LawsofPhysics's picture

I'd say it is a bit more complicated than that.  Stupid people in government and dependent upon government is the problem.  But I agree, end ALL government operations and start over.  No military, no regulators, no laws of any kind (as if fraud was being prosecuted anyway), no investment in education, medicine or technology.

The moral hazard can never be reversed at this point.  Crash the whole system and let's find out who's labor is really worth a shit.  Fucking bring it.  Compensation (in numerous forms) will still find its way to useful folks.  Right on Gene!

Thu, 02/02/2012 - 16:15 | 2120960 Gene Parmesan
Gene Parmesan's picture

Sorry - I edited the post late, and would further edit it if I could.

Our current trajectory is clear enough. The only variable that I see is how much the people will be willing to put up with. Most people are too useless/stupid to take care of themselves at this point, so they'll be happy to hand over the keys to their lives to whomever is keeping the lights on and their bellies fat. What the rest will do as we all circle the drain remains to be seen.

Thu, 02/02/2012 - 17:00 | 2121239 LowProfile
LowProfile's picture

What the rest will do as we all circle the drain remains to be seen.

Gee, I dunno.  (LowProfile shrugs, sells most of his shit, leaves country)

Fri, 02/03/2012 - 01:01 | 2122255 i-dog
i-dog's picture

Very smart moves (including the "low profile" part).

Thu, 02/02/2012 - 19:11 | 2121555 blindfaith
blindfaith's picture



Things can last a very very long time 'as is'.  That change we all look for may not happen in our lifetime.

Fri, 02/03/2012 - 02:01 | 2122265 i-dog
i-dog's picture

I don't think those who are very deliberately engineering this collapse are working to your timescale! Expect a major 'showing of hands' later this year.

BTW, very appropriate choice of pseudonym. Well done.

Fri, 02/03/2012 - 03:05 | 2122356 UnderDeGun
UnderDeGun's picture

And the BFG with the spinning cylinder with five loaded and one empty chambers MAY not go off when its put to your head and the trigger is pulled. (Come to think if it i think those odds are extremely favorable conpared to the "barrel" we are all staring down right now)

Thu, 02/02/2012 - 15:50 | 2120974 Azannoth
Azannoth's picture

Yes crash the system and let Evolution sort the rest out

Thu, 02/02/2012 - 15:53 | 2120990 Gene Parmesan
Gene Parmesan's picture

It sounds a hell of a lot better than the inevitable alternative.

Thu, 02/02/2012 - 16:01 | 2121016 CIABS
CIABS's picture

the federal government will do whatever it can to hold itself together, but the current crisis is the end of a very long historical cycle, and one of the outcomes eventually will be the USA becoming ungovernable.  we're already at a point at which the federal government's purpose is to hold the country together, marshall its resources (including especially the people's labor) so that the elites can continue to play geopolitics.  they do that because it's fun for them but more importantly because it keeps them in power domestically and prevents other countries from toppling them.

when the USA becomes ungovernable, american society should relocalize.  we ought to be able to avoid warring against each other, but we can worry about that when the time comes.  it's already obvious that the USA as a country is too big and unwieldy to serve the interests of its citizens.

Thu, 02/02/2012 - 16:40 | 2121174 GeezerGeek
GeezerGeek's picture

If we could get back to the original concepts embodied in the Constitution we'd be well on the way to recovery. The USA is not too big to govern, it just needs the various levels of government act as they should. Calls for total collapse may sound exciting, but few would enjoy living through such an event. Indeed, in today's interconnected world few would live through it at all.

I'd rather see the central government go back to what it was designed to do, and one of those things was to protect us from the outside world. I believe in a strong defensive military, not an offensive one. Those who want to abolish the military ignore the fact that the rest of the world won't do that but will, in fact, take advantage of our doing so. For more ideas, see Article 1 Section 8, and be careful to distinguish between goals and allowable methods.

The problem, of course, is the people currently in clarge. TPTB, in short. I can't offer any solutions that wouldn't get me 'disappeared'. Sorry.

Thu, 02/02/2012 - 17:33 | 2121329 Things that go bump
Things that go bump's picture

I don't see a strong military, all trained and equiped, waiting around for something to defend against.  If you are going to buy such an expensive toy you are going to use it. 

Thu, 02/02/2012 - 17:59 | 2121396 AldousHuxley
AldousHuxley's picture

militaryindustrial complex is receiving government subsidies after aerospace industry topped out decades ago.

how ever, military arguement is only politically feasible way to fund basic R&D.....most scientific breakthroughs were from military necessity.

ie. internet --> facebook


stupid citizens -> political support for bullshit celebrity worship, so you have to tell them they will die if they don't use taxes for military R&D instead of entertainment.


wars = depreciation of military technology so that they can ask for more tax to fund "innovation"


funny how the world works.

Thu, 02/02/2012 - 20:19 | 2121751 falun bong
falun bong's picture

JFK was faced with the same situation and he looked for a way to fund R&D but without killing people. He decided it should be a space race. Worked great, employed lots of people, and everything we use today resulted from the technology.

Maybe another try, stop funding new ways to kill people and start funding new ways to feed and transport them. Duh...

Fri, 02/03/2012 - 03:16 | 2122365 UnderDeGun
UnderDeGun's picture

I call "bullshit". Stop taking our money to "fund" anything other than those things specified and DIRECTLY NAMED in in United States Constitution. Period.

Thu, 02/02/2012 - 18:56 | 2121520 Treeplanter
Treeplanter's picture

Well said, Geezer.

Thu, 02/02/2012 - 15:45 | 2120959 T-roll
T-roll's picture

People are the problem, not government.  One can set up the most seemingly perfect government and economic system and within a few generations that system would become corrupt because of people.  We complain about big government but it's We the People who vote for these clowns.  It's people who do nothing but bitch on the internet about how terrible gov't is but won't organize to do anything about it.  People suck!


Thu, 02/02/2012 - 15:49 | 2120967 Gene Parmesan
Gene Parmesan's picture

Yeah, I get it, but when things like this get spread out over multiple generations is easy enough to understand how so many were so willing to turn a blind eye. Only when things get appreciably worse - when they feel it in their own pockets and when they see no light at the end of the tunnel - do they get fired up enough to start focusing on the problem. I think that's where we are now. The system is broken, but the individual governments have nobody to blame for their own actions but themselves, hard and fast systemic rules and regulations aside.  

People do suck.

Thu, 02/02/2012 - 16:05 | 2121031 T-roll
T-roll's picture

Very true.  It's easy to become complacent when you have a job, a roof over your head and food is plentiful.  Is see the youth of the world leading the coming revolution as they have been affected the most by this economic downturn and have the least to lose. 

Fri, 02/03/2012 - 03:20 | 2122368 UnderDeGun
UnderDeGun's picture

Then you'll see them all "disposed of" after the fact. For that which will fill the vacuum afterwards will have no use for ignorant children.

Fri, 02/03/2012 - 03:46 | 2122383 UnderDeGun
UnderDeGun's picture

Every human being alive sucks. We started life that way. In nature, the lazy, stupid, sick and injured are prey to those who are stronger, faster, and quicker thinking. Not to mention more well armed. The only way that doesnt happen is when there are "societies" or "groups" that provide protection to those less capable. And those associations can only be maintained continuously by either instinct (animals) or a unifying belief system in something greater than themselves (humans). Throughout history the records of secular accomplishment in this arena are woefully small compared to faith based accomplishments. When it all goes to hell, i can guaranfuckingtee you - it wont be atheists or progressive assholes pulling it back together. It will be the people who maintain their faith in a power greater than sucky old "man".

Fri, 02/03/2012 - 08:07 | 2122496 Raging Debate
Raging Debate's picture

Gene, humans are not very proactive. Those that are and rattle power have obstacles. But the latter group won't stop.

I'll take us as a species, the good outweighs the bad. I agree that pain is a huge evolutionary factor. People are awake, many just don't know what to do about it and will wait for emerging leaders to step up. That too is happening, obstacle phase and I should joke obstacle maze.

Thu, 02/02/2012 - 20:47 | 2121826 DVDBeaver
DVDBeaver's picture

Government is only the problem in that they are owned. Governments don't rule the world - Goldman Sachs does.

Thu, 02/02/2012 - 21:00 | 2121861 jwoop66
jwoop66's picture

As it is, they are  the same.   If the federal govt were smaller as it should be, Goldman's influence over them wouldn't matter.   Government is the problem.

Thu, 02/02/2012 - 20:48 | 2121828 DVDBeaver
DVDBeaver's picture

Government is only the problem in that they are owned. Governments don't rule the world - Goldman Sachs does.

Thu, 02/02/2012 - 15:34 | 2120933 Bam_Man
Bam_Man's picture

The current system breeds corruption and criminality.

And it all starts with the dishonest nature of the money itself. Fortunately, more and more people are beginning to wake up to these facts.

Thu, 02/02/2012 - 15:55 | 2120996 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

 I see in fight club the strongest and
                 smartest men who have ever lived --
                 an entire generation pumping gas and
                 waiting tables; or they're slaves
                 with white collars.

                  Advertisements have them chasing cars
                 and clothes, working jobs they hate
                 so they can buy shit they don't need.
                 We are the middle children of
                 history, with no purpose or place.
                 We have no great war, or great
                 depression.  The great war is a
                 spiritual war.  The great depression
                 is our lives.  We were raised by
                 television to believe that we'd be
                 millionaires and movie gods and rock
                 stars -- but we won't.  And we're
                 learning that fact.  And we're very,
                 very pissed-off.

 We are the quiet young men who listen
                 until it's time to decide.

Thu, 02/02/2012 - 19:18 | 2121574 blindfaith
blindfaith's picture


"The great war is a
            spiritual war."

congradulations on seeing the light, and therein lies the rub.


Thu, 02/02/2012 - 19:05 | 2121535 Treeplanter
Treeplanter's picture

Corruption and criminality has destroyed a system that worked very well.  The bi-partisan permanent poliitical class has to be removed before we can recover and restore rule of law and honest money. We need sudden and relentless reform.

Thu, 02/02/2012 - 15:39 | 2120943 T-roll
T-roll's picture

The problem is that we don't pillage enough.  We were in Iraq, why aren't we in control of their oil fields?  What about Libya?  We should take over Canada and their oil sands.  We can solve all of our energy problems by putting boots on the ground and putting our over-inflated military budget to good use.  Think of all the jobs this would create.

Thu, 02/02/2012 - 15:45 | 2120958 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I find it amusing that people still think that the dollar is threatened by oil States selling the oil for a different currencie when the said States could easily diversify out of dollars promptly after the sale.

Thu, 02/02/2012 - 16:02 | 2121019 Ignatius
Ignatius's picture


The dollar's primary value is its usage demand.

Thu, 02/02/2012 - 16:09 | 2121051 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Right.  So if someone sells oil, receives dollars, and trades dollars for euros, then they diversified out of dollars and dollars would have lost its demand.  You would think that Saddam, Gaddafi, etc would realize they have no need to trumpet to the world they are selling oil for euros/gold, they would simply and quietly continue selling oil in dollars, and then trade the dollars for euros/gold.

Thu, 02/02/2012 - 19:23 | 2121586 blindfaith
blindfaith's picture



the name of the currency does not matter, belief in its value does matter.

The value of a currency is an illusion, money is an illusion.  When that trust is exhausted, no one will take your currency in trade....period.

Thu, 02/02/2012 - 16:29 | 2121116 flattrader
flattrader's picture

Don't bother.

He just doesn't get it...that they're still using dollars as the key currency medium of the transaction even if they convert/diversify to gold, euros, sea shells, what have you after the fact....Sheesh...

Thu, 02/02/2012 - 16:48 | 2121206 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Do you know why the dollar has strengthened?  Because it has been sold out and is now housed on balance sheets with no volacity.  And this is what I said above.

People are diversifying out of dollars, after they have used the dollar as the medium for trade.  Look, as far as international trade goes, China, Russia, Japan, India, Iran, and others, are no longer trading oil in dollars.  Ok, but my point is that Saddam could have bypassed this mechinism by selling his dollars for euros, and thus the logic of the rumor that we went to war because he wanted euros for oil would have been squashed.

Look, it isn't an island economy.  You can trade oil for dollars and then dollars for euros.  Sure Saddam would have saved a fraction if he had traded oil for euros, bypassing the dollars, but if that is THE REASON the US went to war, don't you think he would have not done it?

Thu, 02/02/2012 - 17:03 | 2121248 flattrader
flattrader's picture

>>>but if that is THE REASON the US went to war, don't you think he would have not done it?<<<

He had a "strong-man" mentality. In his mind, he could "thumb his nose" at the US.

After Gulf War I, we gave him back his helicopter gunships so he could brutally put down the rebellion Daddy Bush directly called for from the Iraqi people.

Saddam thought he had little to fear with his step away from the petro-dollar.  He thought wrong.  Bad risk assessment on his part.

Thu, 02/02/2012 - 19:27 | 2121599 blindfaith
blindfaith's picture



I don't mean to be condesending, but you have jumped the gun badly here.

Thu, 02/02/2012 - 16:11 | 2121054 narapoiddyslexia
narapoiddyslexia's picture

Don't the buyers still have to come up with dollars? Isn't that the key attribute of the petrodollar system?


edit: there is lots of latency on my stupid ISP. This was lagged 5 minutes!

Thu, 02/02/2012 - 20:21 | 2121754 falun bong
falun bong's picture

Homeland Security had to have a look at the message and be sure they could match the sender with his GPS coordinates. Black helicopters arriving in 3,2,1...

Thu, 02/02/2012 - 15:39 | 2120944 UTICA CLUB XX PURE

The PROBLEM is the stupid American electorate! Why, look what they did just this week in FL.

RP 7% ? ? ?

Thu, 02/02/2012 - 15:58 | 2121001 LawsofPhysics
LawsofPhysics's picture

Lots of scared old folks in florida as well as immigrants looking for healthcare and as many handouts as they can get before it all goes boom.  These folks are fleeing from shitholes like cuba, hell, to them ANY free public education is better than NONE. 

Thu, 02/02/2012 - 16:11 | 2121057 centerline
centerline's picture

RP scares the old folks down here.  They think the TV tells them the truth, and the RP is unelectable.  I have heard this said like a kneejerk reaction.  Ask them to assert said position and you get nothing.  There is no logic to be found.  Just emotion and the continued hope that the next guy will give them what was promised.  The last of the believers.  The rest of us have become cynics.  And rightfully so.  The younger generations are even worse off.  Forget cynics, they are beyond cynacism at this point.

Thu, 02/02/2012 - 16:54 | 2121219 GeezerGeek
GeezerGeek's picture

Some of us "old folks in Florida" are more pissed than scared. I just want to get back what was extracted from my 50 years of wage earnings. I'd also like my freedom back.

As for the "folks fleeing from shitholes like Cuba", those I know that came here circa 1960 came for freedom, not free public education. Based on what I read, our public education system isn't all that great anyway, at least not nowadays. Now we get many immigrants fleeing Chavez - again, it's freedom, not freebies. Your mini-rant is at odds with my experiences from 40 years living in S. Florida. (And no, I don't live in chad-obsessed Palm Beach County.)

Thu, 02/02/2012 - 17:42 | 2121354 xela2200
xela2200's picture

I live in Miami, and I can tell you that the mass exodus of Cubans came in the 80's. Most of them have been assimilated and have kids. Many drive expensive cars, flashy jewelry, and their kids are as much of a brat as any American kid.

I go to my usual Cuban coffee window (it is a Miami thing) where people gather to drink coffee, pastries and talk crap which is a our favorite past time down here. Last week people were talking about Gingrich and Romney. Really it sounded like choosing Coke or Pepsi. No mention of RP. The older people talk a lot about medicare. There is real concern about how it keeps on going up. Also, the drop of the homes coupled with currencies. Remember, many could go back to their countries and try to live off their pensions. However, that is quickly disappearing as an option. Most currencies in Latin America are going through the roof. China is buying everything so thing are getting more expensive even for locals.

Outside of the major cities, Florida is the garbage can of the south, so a lot of patriotic rhetoric will do the trick. No gun control since we really like our guns. No need for any real issues.

Thu, 02/02/2012 - 19:10 | 2121549 Treeplanter
Treeplanter's picture


Thu, 02/02/2012 - 21:23 | 2121913 xela2200
xela2200's picture

Nope sorry. I am not a dick.

Thu, 02/02/2012 - 21:23 | 2121915 xela2200
xela2200's picture


Fri, 02/03/2012 - 16:21 | 2121357 centerline
centerline's picture


Thu, 02/02/2012 - 15:43 | 2120947 Cognitive Dissonance
Cognitive Dissonance's picture


Excuse me....but we DO have leadership. What we don't have is leadership that's doing our bidding. Instead, current leadership is captured by an agenda not to our benefit.

And in reality never was. Only back then there was enough pie left over for us peons to share in some of the spoils. This is no longer the case. So they eat first and we go hungry, then clean up after them.

Thu, 02/02/2012 - 16:05 | 2121032 Azannoth
Azannoth's picture

Well Yes and No, the leadership is not doing the peoples bidding in some ways but it makes this up with freebies satisfying most of the people, so people are effectively bribed into submission, if people where really this dissatisfied you'd see on the streets of America what you saw on the streets of Cairo a few months ago, but yes maybe this too will come soon enough, only than it won't be just something you see on television but out your front window

What I am trying to say is that people don't go by intelligence when facing a dictatorial regime, they go by some prime-evil instinct that tells them how deep they allow them selves to get screwed and when that outside penetration goes deep enough people rebel, a smart dictatorship would know or try to figure out this point and never cross it(China model) so it's possible that the US Government will try to attempt this stunt and maintain control of the people by just not going deep-enough, it's OK to piss off a minority like the Occupy or Tea Party movement as long as they keep the general population comfortable enough(in a general sense) not to rebel, I don't think they are stupid enough to out right push the population over the edge it won't happen unless it happens involuntarily, and this might take decades, it took centuries for the Roman Empire after all

Thu, 02/02/2012 - 16:11 | 2121056 Cognitive Dissonance
Cognitive Dissonance's picture

We have miles years to go before we peep (in any real or significant protest). 

And many more years before there is revolt.

Thu, 02/02/2012 - 16:22 | 2121091 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

And trillions of dollars to print?  Yeah right Cog, the system is past ripe for a revolution; it is rotting for one.  People can't eat it, and they will throw it at the faces of the establishment.

Thu, 02/02/2012 - 16:29 | 2121126 centerline
centerline's picture

It is a liquidity thing.  Sort of like a business - cash flow is what keeps things rolling.  Eventually too much debt jams up the gears (a poor analogy for a government, I know).  Regardless, the "Oh Shit" moment is all about liquidity.  When that locks up, everything stops in a hurry.  All it takes a simple disruption in the supply chains at any point and we have a real problem.  So many people who depend on .GOV for a meal.  They get real angry real fast when they are hungry.

Thu, 02/02/2012 - 19:28 | 2121601 Manthong
Manthong's picture



The debt hole’s massive, dark and deep
But we’ll print piles of fiat, steep
To fill the hole and fleece the sheep
To fill the hole and fleece the sheep

Fri, 02/03/2012 - 00:53 | 2122240 FrankDrakman
FrankDrakman's picture

 They get real angry real fast when they are hungry.

Or when they discover the adverb supply has suddenly dried up.

Thu, 02/02/2012 - 16:46 | 2121177 Cognitive Dissonance
Cognitive Dissonance's picture

Just because a political/financial system and its people are 'ripe' for revolution by no means assures anyone that there will be revolution.

One thing that has been missed in all the talk about the so called "Arab spring" was the fact that several of those countries were ripe for revolution for decades. Yet it never happened. Why? Was it simply oppression that kept the Arab people out of the streets for decades? If so, what makes anyone think there is revolution in the air in the so called "free" countries when the slippery slope is so long and steep?

People who are deep in denial will do ANYTHING to remain in denial. Including killing their brothers and sisters (not to mention boogie men and fall guys/countires) rather than face their real oppressors.

Thu, 02/02/2012 - 17:01 | 2121244 Azannoth
Azannoth's picture

Societies can remain irrational longer than you can remain sane, better not try to wait it out or you'll end up a prepper ;)

Thu, 02/02/2012 - 17:55 | 2121388 xela2200
xela2200's picture

Exactly, I see a lot of people in discussion boards talking about it, but it is nothing more than venting. We are a decade or two away from anything major.

I dare to say that before revolution happens:

- We have to go to a war before we get there. Maybe after, 10 year in Iran and complete insolvency.

- China and Russia will lean on the US in the way of payback.

- Loosing reserve status for the currency.

- 25% unemployment.


Hopium is a strong drug.

Fri, 02/03/2012 - 01:43 | 2122303 Calmyourself
Calmyourself's picture

One more encore;  No rule of law, CDS, contract or liquidity issue will ever expose and destroy this ponzi.  Civil action precipitated only by hungry stretched bellies will do that.  If the ptb can keep those bellies full, nothing happens ever.. it is a long slow slide to true feudalism with technology.  The Princes in there castles will have the serfs right where thay want them forever..  Red shield indeed, a massive inferiority persecution complex which strives to control all..

Thu, 02/02/2012 - 18:24 | 2121473 lotsoffun
lotsoffun's picture

i was in high school class for 'socio-economics' so long ago that it seems like yesterday.  30 years ago.  the teacher asked the classs 'write an essay on will mcdonalds prevent the revolution?'.  all the kids screamed and told the teacher he was crazy.  i knew exactly what he meant.  i had my doubts at the time.  he called it.  they won.  i lost.  the fight is over.  only collapse will bring mcdonalds down.  the patrons are the vast majority and they won't walk away from the foundation of their lives.  santa claus, ronald mcdonald and jesus.  not necessarily in that order.  depends on the time and place.




Fri, 02/03/2012 - 00:47 | 2122222 Milestones
Milestones's picture

Don't seeya much! I think there are far too many irons in the fire to go on indefinitely. Another Rodney King incident could trigger a far different response today or tomorrow. We have a very explosive enviroment now--or better put, could become dangerous quickly.       Milestones

Fri, 02/03/2012 - 01:48 | 2122308 Calmyourself
Calmyourself's picture

The architecture of the police state is far too advanced for that type of thing to cause any lasting harm.  Just another excuse for the presstitutes to yell racism and extend the control apparatus and legal web.   Only if people like you and me have had enough does it ever change and bread and circuses being so damned effective most folks I know are too fat, lazy or ignorant to do anything until the stretched bellies..  You want real change alter the circuses..  Oops back on the list..

Thu, 02/02/2012 - 19:37 | 2121633 The Old Man
The Old Man's picture

I agree CD. The remainder of working people in the US, some of which are in decent jobs with no possibility of income problems, and some who are on the edge and more referenced to the economy; both groups are still living as if there is no real problem except the latter group may be cutting back. People on the lost list (ran out of unemployment and now flip burgers , retired and on SS or a private plan, etc...) aren't contributing to real GDP, taxes, and so on, they're stuck. That group at the top wage earner portion aren't going to revolt at all. That would mess up their SOL. The latter, however, who fit in the lower to middle, middle class, will be the ground swell far and away beyond Tea or OWS. So far, as I see it, the Tea Party and OWS are just the FRINGES. What could develop into a bigger disolvement of society would be the complete downfall of that section of middle class. But.... if there's nobody to run the machines and do the legwork, where are the elite to go? 

The normal working Joe in the room is "working". He doesn't have time to pay attention to our stuff here. He's trying to keep his house and car and get to work every day. When that fails miserably in great numbers, which may yet be years, we definately will hear a loud peep.

Thu, 02/02/2012 - 16:08 | 2121044 Manthong
Manthong's picture

I like to look at things from the religious perspective.

It’s pretty obvious that if God was ever on the government’s side, he is not any more.

Thu, 02/02/2012 - 16:13 | 2121061 Cognitive Dissonance
Cognitive Dissonance's picture

She told me she's on Blankfein's side. Get over it. :>)

Thu, 02/02/2012 - 16:16 | 2121066 Azannoth
Azannoth's picture

And how can you tell ? Are the clouds over Capitol Hill any different shape or the Sky any different in colour ?

Thu, 02/02/2012 - 17:01 | 2121220 akak
akak's picture

To paraphrase and invert a famous old quote, if God were not already dead, man would certainly have to kill him.

Thu, 02/02/2012 - 19:22 | 2121582 Treeplanter
Treeplanter's picture

God picking sides is a delusion of the vain and ignorant.  The laws of nature don't pick sides, either, but it is wise to respect them.  You reap what you sow, the cart follows the ox.  If you want peace of mind you have to conduct youself accordingly. 

Thu, 02/02/2012 - 15:42 | 2120950 GeneMarchbanks
GeneMarchbanks's picture

'The great irony in all of this is that this action is merely accelerating a move away from the dollar as the currency of choice for many in the region.'

Psychology change or revolution in the perceived 'power' of a brand name. Kinda like when you realize Coke is selling you bubbly sugar water and you stop buying it. Even a barter society seems better now to the Eastern economies. Cut out the middle guy and his institutions, start with the IMF...

Thu, 02/02/2012 - 15:42 | 2120952 AC_Doctor
AC_Doctor's picture

I am sure that the Brown Clown will be able to solve all our problems if we grant him another 4 years...

Thu, 02/02/2012 - 15:44 | 2120957 Everybodys All ...
Everybodys All American's picture

It’s the first time we have power with people that don’t have courage.

I agree whole heartedly.


Thu, 02/02/2012 - 15:46 | 2120964 dildo o flaherty
dildo o flaherty's picture

Great article, pity is the sheeple  will just keep on grazing until they're sent wide eyed  to the slaughterhouse. Oh well,what times Stars on Ice begin,guys?

Thu, 02/02/2012 - 18:05 | 2121410 xela2200
xela2200's picture

Yes, just keep on doing what got us into this mess but somehow it will sort itself out.

Tomorrow will be different. Things will eventually go our way. Have faith. The world can't let us default, it will cause problems in other countries. It is <country> fault. They hate us and want to keep us down. --> Things I heard from my Argentinean friend living in Buenos Aires in 2000. BTW. They are about to implode again. Already, looking to renew the fight in the Falklands.

Keep on grazing sheep.

Thu, 02/02/2012 - 15:48 | 2120969 kayl
kayl's picture

Definitely Mike has a few interesting points to make. However, what I would like to know is how many submarines has Germany sold to Iran for $700,000 each. It is all over the news in foreign countries, but not in the US. War is all business.

I´m sure our troops and the public at large would like to know who is providing Iran with the war material.

Thu, 02/02/2012 - 15:52 | 2120982 Everybodys All ...
Everybodys All American's picture

Now all they need is enough Iranians dumb enough to get in them.

Thu, 02/02/2012 - 16:43 | 2121190's picture

And the smart Iranians will stand in the open with arms outstretched to welcome the bombs which will bring them freedom?

Thu, 02/02/2012 - 15:52 | 2120984 GeneMarchbanks
GeneMarchbanks's picture

'War is all business.'

If that isn't common knowledge by now then you haven't been paying attention.

Thu, 02/02/2012 - 16:28 | 2121114 kayl
kayl's picture

OH, I am paying attention. What I´d like to see in the alternative media is some light on the economic transactions underpinning WWIII. That could be a game changer, and I don´t want to read about it 50 years from now.

The critical issues are always omitted. Like who paid off Libya right before the invasion?

And my personal comment to all you knuckle heads who despise the sheeple--FU!

"We aren´t sheep to be made mutton of by your butchers."

Thu, 02/02/2012 - 19:30 | 2121616 Treeplanter
Treeplanter's picture

How does $1.2 billion in customer money vaporize?   Magic?  Did it find it's way to the Democrat Party?  Why else is no one talking?  Somebody knows. 

Fri, 02/03/2012 - 00:01 | 2122154 rancher from So...
rancher from South Dakota's picture

I think people are waking up....steal $1.2billion from farmers and ranchers and someone will eventually "walk into" an unwelcome 30-06 to the head.....the talk hear is not if it should be done but who will finally do it

Thu, 02/02/2012 - 16:44 | 2121192's picture

I don't like violence, Tom. I'm a businessman. Blood is a big expense.

Thu, 02/02/2012 - 17:08 | 2121254 GeezerGeek
GeezerGeek's picture

I think I see a solution to the Baltic Dry Index suffering from an abundance of ships. Let the Germans test their u-boats by sinking a few cargo ships prior to sending them to Iran. Then Iran can test them upon receipt to verify their working condition. Pretty soon, no excess to sink the BDI.

By the way, what kind of a sub does one get for $700,000?

Thu, 02/02/2012 - 17:52 | 2121372 kayl
kayl's picture

I´m down in Latin America listening to the news, but my Spanish still needs tuning.

Let´s try $700 million.

Thu, 02/02/2012 - 15:55 | 2120993 Shizzmoney
Shizzmoney's picture

Again, another smart piece, Mike.

Wall Street people are NOT elites. 

MMA fighters are.  Smart intellectuals who can see through the trees in the forest like Chris Hedges, Reggie Middleton, and Max Keiser are.  And of course, those who actually have "skin in the game" are, but they don't realize it as a majority (yet), but they LIVE the problems that society in America and the Western World does.

Wall Street people are NOT elites.  Them going after Iran will be the downfall of this civilization, not because of Iran's power, but because of the effect on the world's overall health. 

Money in the bank.


Thu, 02/02/2012 - 16:01 | 2121014 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Wall Street people are NOT elites. 

This point is of the most importance.  Language structures our minds.  Our brains connect synapse to synapse so that we can move thought, and the word is a chief role player in this process.  So when we do call them "elites", we are giving them power they do not deserve, and we are taking away our own power that should be spewing out of our souls like swords from our hip.

This is a war.

The same goes for the term "sheeple".  We should not use that term (however fitting) because it keeps a barrier from us and those who should be, will be, and need to be on our side.  Treat your neighbor as thyself, have empathy for him, do not pity him.  If you pity another man you place yourself on his level.  You see sheeple, you become a sheeple.

Thu, 02/02/2012 - 16:06 | 2121037 centerline
centerline's picture

Bravo. (sound of clapping).

Thu, 02/02/2012 - 19:37 | 2121632 Treeplanter
Treeplanter's picture

You're right. Elite describes our special forces soldiers, not the arrogant permanent political/criminal class.

Thu, 02/02/2012 - 16:39 | 2121168 flattrader
flattrader's picture

I prefer the terms "predator class" and "prey."  At first I get raised eyebrows, but after I keep talking, I get head nods.

Those terms put it into perspective like no others.

Thu, 02/02/2012 - 15:56 | 2120998 frenchie
frenchie's picture


conquistadores were mostly a tool in the hands of "marones" (as Columb for instance) who were just putting place their "plan" (written down much later in "The procolos of sion") while making gentiles endorse full responsability of it...

poeple should know it and not mix the principal and the agent !

Thu, 02/02/2012 - 19:42 | 2121652 Treeplanter
Treeplanter's picture

Racist Garbage.  You sound like an OWSie Jew hater.  Go crap somewhere else.

Thu, 02/02/2012 - 15:59 | 2121005 rlouis
rlouis's picture

"If I was the leader of Russia or China right now I would be salivating and on the floor laughing.  I would be in utter disbelief of how corrupt and immoral and insane and incredibly stupid the technocratic/Wall Street leadership of the Western world is.  I mean they don’t even have to do anything.  All they have to do is sit back and watch us blow our societies up with our actions.  It’s truly remarkable."


We could've done that with the USSR but the profit in Star Wars and the defense build up was irresitable, ensuring 30 years later we would experience the same fate.  The collapse of empires due to military adventurism... remarkably repetitive

Thu, 02/02/2012 - 19:44 | 2121657 Treeplanter
Treeplanter's picture

They are worse, and they will collapse like everyone else. 

Thu, 02/02/2012 - 16:00 | 2121011 jwoop66
jwoop66's picture

Our leaders are stupid indeed, but don't discount the clowns they are going toe to toe with.   Irans leaders are playing this game right back.   When you say " they aren't that stupid", I think you are deluding yourself.

Thu, 02/02/2012 - 16:00 | 2121012 SamAdams1234
SamAdams1234's picture

Israel: More World Support for Possible Iran Hit

By KARIN LAUB Associated Press HERZLIYA, Israel February 2, 2012 (AP)

Thu, 02/02/2012 - 16:02 | 2121021 BLOTTO
BLOTTO's picture

The problem is - 'Luciferian Sun-worshippers.'

I really dont know who to trust...we've been inflitrated MASSIVELY.



Thu, 02/02/2012 - 16:18 | 2121081 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

They worship all sorts of shit.  Have you ever seen an old masonic text?  The covers of the books have crosses, stars, numbers, and every symbol you can imagine.  The Illuminatti are not just Jews, they are not just Christians, they are not Sun worshippers or Moon worshippers, they are all of the above.

The are a pagan death cult that realized how to manipulate a human mind in various ways so to control the mind into certain behaviors.  This is how they are smart.

Yet, they are not clever.  Just as we become what we think, they have become death, and their death will reign from the heavens like falling stars.  They have set up a system that will breake down, so, they think, they can inherit it.  They will inherit what they set up.  Nothing.  There is nothing for them here.  The power, it will be gone, burnt into the ashes of the power structure they created like a vacuum in the night.

They lost their souls already.  The hard part has been that they have nothing left to lose.  This is why fighting them is such a bitch.  They gave up their humanity long ago, and they never want it back.  They want to stick with what they know.  And they have become accustommed to holding the Ring of Power.  This Ring is an abstract thought.  People live, and they die.  When you die, you are gone.  The Kings and Queens, they ate until they were fat, but they died like the rest of us.  The difference is that they died without their soul.

Thu, 02/02/2012 - 19:48 | 2121671 Treeplanter
Treeplanter's picture

You forgot to mention the Lizard People.  All fantasy for the gullible

Thu, 02/02/2012 - 22:30 | 2122022 kayl
kayl's picture

You mean-- they are lawyers. When you open a book on the History of Law, the first chapter goes right back to the Pharaohs of Egypt. Thousands of years of law, and yet all applicable today in various contexts!

Thu, 02/02/2012 - 16:46 | 2121195 flattrader
flattrader's picture

I am going to go out and worship the sun right after market close as it is almost 60 degrees here...and if I meet Carmen and the Devil walking side by side, I'll say, "Hey Carmen, come on, let's go downtown."

Thu, 02/02/2012 - 19:49 | 2121673 Treeplanter
Treeplanter's picture

Take a load off Annie.

Thu, 02/02/2012 - 20:24 | 2121763 falun bong
falun bong's picture

and, and, put the load put the load put the load right back on me

Thu, 02/02/2012 - 16:03 | 2121023 centerline
centerline's picture

I pointed this out awhile back when looking at the contributors to various campaigns.  I posed a similar question back then about the possibility of the MIC doing a 180 and turning on the estabishment.  Deep within the basements of the Pentagon, there must be someone - some mechanisms - for such action.  Heck, these guys build contingency plans for everything.  I would find it hard to believe they dont have a spank-Washington contingency plan buried somewhere in the "if you read this we will kill you" file cabinet.


Thu, 02/02/2012 - 20:09 | 2121729 Treeplanter
Treeplanter's picture

The military is sworn to uphold the Constitution.  Even if Obama cancels the elections, they will stand back and let the civilians resolve it.  Overthrowing the oligarchy has to be done through the hard, frustrating process of the ballot box.  Big talking revolutionaries are greatly out numbered by patriots with guns.  We would have a crisis if the military was given blatantly illegal orders, like arresting every one who posts and comments at ZH. 

Thu, 02/02/2012 - 20:15 | 2121740 akak
akak's picture

We would have a crisis if the military was given blatantly illegal orders

Like indefinitely detaining and torturing "terrorists", or merely those suspected of "terrorism"?

Or do you maybe mean training municipal police departments in increasingly heavy-handed and militarized conduct, with the goal of considering ALL civilians as potential "enemy combatants"?

Or do you perhaps mean coordinating with said militarized police departments to silence and repress honest public protests?

Or do you mean, by any chance, the grossly unjustified and illegal invasion of foreign nations which posed UTTERLY no threat to the United States, and which had zero capability of attacking us?

Sorry, dude --- your horse of "illegal orders" has done fled the barn a long time ago now.

Fri, 02/03/2012 - 01:58 | 2122312 Calmyourself
Calmyourself's picture

No, that's not what he means!  C'MON AKAK..  He means if the AG of the US and a rogue federal agency sold thousands of guns to drug gangs south of the border fueling an internecine war with casualties in the tens of thousands..  Said gun running's true purpose to restrict a constitutional right within the U.S. and disarm all the "patriots" who would stand up in some guys fantasyworld of the good guys always winning.. 

Oh wait.. yeah, yeah, I guess your right akak.. never mind..




Thu, 02/02/2012 - 16:04 | 2121026 jtg
jtg's picture

There are jew haters on the fringe of the Ron Paul movement but I see them everywhere else as well.

Thu, 02/02/2012 - 16:05 | 2121033 SpeakerFTD
SpeakerFTD's picture

Fantastic article.

Thu, 02/02/2012 - 16:11 | 2121055 Stuck on Zero
Stuck on Zero's picture

You have to admire the Spanish for according to the Author:

"... by the mid 1500s the Spanish had essentially conquered the Aztecs (Mexico) and the Incas (Peru). At the time, the Aztec capital, Tenochtitlan was estimated to be larger than any city in Europe."

The Spanish with a few galleons no longer than the size of a modern yacht, a few hundred soldiers strong, with antique armaments, and a few horses conquered a huge foreign power of millions.  Bull feathers.

The Aztecs and Incas were old, evil, and corrupt societies whose rulers were hated by the populace.  They were ripe for a revolution. Along comes a handful of smart adventurers and scummy traders who inserted themselves into this disension for profit and the whole system went down.  A few hundred Spanish soldiers could have been drowned in pee by the millions of Incas and Aztecs if they didn't like them.


Thu, 02/02/2012 - 20:40 | 2121760 Treeplanter
Treeplanter's picture

False history, Zero.   The truth is Hernan Cortez and his rogues pulled off what may be the most astounding victorious campaign in history.  The Aztecs were a powerful nation, you can't sell them short. It's a great story and worth checking out in detail.  The Spanish explorations in the New World and beyond were also pretty impressive.  Little Portugal was no slacker, either.  

Thu, 02/02/2012 - 16:17 | 2121072 apberusdisvet
apberusdisvet's picture

Now we all can argue (on both sides) the reason why  over half of the population sucks on the gov't teat and is automatically inclined to support the status quo (Cloward-Piven strategy worked perfectly, didn't it), but the fact remains that a majority of the US population will go voluntarily to the ovens---er FEMA camps.

Thu, 02/02/2012 - 16:20 | 2121083 rayban
rayban's picture

Excellent article. However, I would like to point out that Spain was indeed the most powerful kingdom in Europe for over a century (the "siglo de oro") and that they did not lose a battle in more than 100 years (from Pavia 1525 to Rocroi 1643). That's a pretty long stretch under any modern era metric, and certainly an impossible, unprofitable short for anybody. Secondly, Spainish egemony was destroyed by its internal problems, mainly caused by hyper-inflation brought about by the excess growth in money supply due to all the silver and gold inflows from the colonies. Well, that sounds familiar indeed.

Thu, 02/02/2012 - 16:24 | 2121096 Yardfarmer
Yardfarmer's picture

it comforts me greatly that "liberty" is in the capable hand of orthopedic surgeons and investment advisors. the puerile claptrap this idiot continually spews is, despite its currency and pervasive group think, an offense to all common sense and intelligence. in his perennially juvenile enthusiasm for superficial faddism such as Ron "he has already won" Paul and the media mobocracy of Occupy Wall Street, he is so much like so many others, in unconscious servile homage to the matrix of power and control he has invested in for years and pretends to be rebelling against. no wonder than that this shrill voice from the bandwagon of newly minted superpatriots sounds so incredibly naive and disingenuous. it is evident he obviously knows little about himself or the "history" he so gratuitously extols other than the narcissistic and self congratulating persona so nauseatingly on display. "no people are more enslaved than those who falsely believe they are free" 

Thu, 02/02/2012 - 16:57 | 2121229 Vergeltung
Vergeltung's picture

admit it; you keep a pocket thesaurus under your balls.

Thu, 02/02/2012 - 19:38 | 2121641 Yardfarmer
Yardfarmer's picture

obviously one of the new illiterate generation that prizes its stupidity and exalts mindless crudity as a collective virtue. go back to your bubblevision, retard.

Thu, 02/02/2012 - 20:03 | 2121712 Random_Robert
Random_Robert's picture

How's this for mindless crudity:

"Fuck Off, Yardfarmer"

Do you like that?


Thu, 02/02/2012 - 20:18 | 2121745 akak
akak's picture

It's no use RR --- servile, bootlicking, spineless trolls and Quislings will always be what they are, sellouts and cowards all.

Thu, 02/02/2012 - 19:58 | 2121693 moroots
moroots's picture

The Constitution = "puerile claptrap"?

Thu, 02/02/2012 - 20:43 | 2121818 Treeplanter
Treeplanter's picture

You don't have a clue about it.

Thu, 02/02/2012 - 16:27 | 2121109 chistletoe
chistletoe's picture

fascinating statement that the Aztec were old, evil, and corrupt .....based on what information?  The central american empires reached their peak around 900 AD.

From that vantage point they had no new frontiers, no new worlds to conquer ...

their cities went into gradual decline (architecturally and archaelogically known),

most probably they had stripped all the surrounding lands bare from their trees

which damaged agriculture while denying firewood and building materials for the cities.

But also, fewer and fewer of the inhabitants knew how to read and write their hieroglyphics.

so much like the current U.S.A. it isn't funny.


Another ancient peoples worthy of study are the achaemenid kiongs from ... you guessed it ... Iran ... the first great empire in history ... the first and second Kings established freedom of religion, independence, liberation from petty wars, and developed a provincial system (Satrapys) never before seen in history ... but the third and fourth Kings got bogged down by ... whom?  You guessed it....

the lying, greedy, deceitful, fighting-amongst themselves, ancient Greeks ...


who still were able to overrun the empire, despite their far superior armies, far superior

mathematicians and astronomers and chemists ... on account of the ruinous inflation and

high taxation ....eventually the Greeks lay claim to all the science that they stole, and put their own names to things like Pythagoras' theorem which was well-known in Babylon and Memphis a thousand years before his life ....


history does not repeat, but so often does it rhyme .... and people never learn ....


where have all the flowers gone ......


Thu, 02/02/2012 - 21:01 | 2121864 Treeplanter
Treeplanter's picture

The Persians invaded Greece repeatedly before Alexander returned the favor.  The Persians had a rigid totalitarian hierarchy. The Greeks had more individual freedom and initiative, Sparta being an exception.  The free farmers of Thebes defeated the great Spartans and freed their Helot slaves.  Then Alexander destroyed Thebes before he turned east. 

Thu, 02/02/2012 - 16:29 | 2121119 Barry Mcokiner
Barry Mcokiner's picture

I'm just happy someone brought up the false flag idea. I have been spewing that for months, but no one seems to care. March will be a good month for that, I believe. Either an attacked ship over there or something over here. The MSM have already laid that out for the public to eat. Last night on the news they  talked about how Iran would attack us on our own soil. The cards are being stacked as we speak.

Thu, 02/02/2012 - 16:32 | 2121137 Stoploss
Stoploss's picture

With all due respect to Mike Krieger, i find Roman history to be much more comparative, to the situation at present. There are two, very distinct comparisons. 

1). The Romans were the policemen of the world back then.

2). They were forced to run massive deficits to fund the wars in ...... wait for it.. wait for it... THE MIDDLE EAST.

You see, the ponzi wars have been around for far longer than we have..

We all know what happened to the Romans. How it happened. Why it happened. Yet, here we are...

Thu, 02/02/2012 - 21:10 | 2121889 Treeplanter
Treeplanter's picture

Your history is a joke. Rome got it's greatest wealth from the middle east.  And the eastern part of the empire lasted until the Muslim conquest. 

Thu, 02/02/2012 - 16:38 | 2121163 JLee2027
JLee2027's picture

TPTB continue to pretend Ron Paul and the idea of Liberty don't exist.

I gaze with amazement at his "declining" poll numbers. Damn, a lot of people must be terrified. I don't agree he's already won, we are far from victory..."they" will do anything to prevent it.

Thu, 02/02/2012 - 16:40 | 2121175 Fix It Again Timmy
Fix It Again Timmy's picture

John Kennedy had courage and he probably paid for it with his life; these Klowns in DC are the most pathetic joke of all.........

Speaking of courage and the 70th anniversary of an act of courage:


Thu, 02/02/2012 - 21:11 | 2121893 Treeplanter
Treeplanter's picture

Right on. 

Thu, 02/02/2012 - 16:51 | 2121214 Pacifico
Pacifico's picture

It is pretty obvious, where all that gold and silver went into. The whole Iberian peninsula is literally covered with churches and cathedrales, perhaps in Portugal even more than in Spain. Marvelous buildings, but you can already get an impression what amount of gold/resources the constructions might have consumed. Add to that a series of mostly useless wars against the Turks, the British, French and in the Dutch Netherlands and you get an idea of how quickly you can ruin a once functioning nation.

Thu, 02/02/2012 - 17:17 | 2121294 taketheredpill
taketheredpill's picture

Presstitutes is funny, but it actually does a disservice to Prostitutes.

Prostitutes are honest.  They don't pretend that they're not Prostitutes.

A Journalist is like a whore that is hired by someone else to pretend to be your lover.





Thu, 02/02/2012 - 17:46 | 2121361 MrBoompi
MrBoompi's picture

I feel Iran is a threat to the United States not because it might have the knowhow to manufacture a nuclear weapon, but because it refuses to sell its oil for US dollars, or even sells it's oil to China and India for gold.

Israel or the US may feel threatened by a nuclear weapon, but only because Iran might use them to retaliate for attacks that are mostly becuase of oil and natural gas, and the fact that we must protect the petrodollar system at all costs.

Thu, 02/02/2012 - 17:48 | 2121363 W10321303
W10321303's picture

When Dewey sailed into Manila's Harbor to put the DEAD empire to rest for all time, the Spanish Navy was sitting there. They still believed that they had something to 'DEFEND'. The FAITH or the Sugar Plantaions or their own private gang.  The point being that the reactionaries will never accept, (DENAIL at the level of serious mental illness) that THE EMPIRE, is DEAD!  So Americans, beware, the Zombie Sociopaths have their new robot all set to pretend that there is anything left to fight for and enough psychopaths who get off making everyone suffer, to lend a hand (more mental illness). Especially since there are bound to be lots more 'unaccountable' war, pillage and 'reconstrution' allocations. $$$$$ 'It is always about the money mon ami'/Perot.

Thu, 02/02/2012 - 18:12 | 2121431 sidkof
sidkof's picture

my buddy's step-sister makes $68/hour on the internet. She has been without work for 8 months but last month her paycheck was $7255 just working on the internet for a few hours. Go to this web site and read more..

Thu, 02/02/2012 - 18:15 | 2121445 tony bonn
tony bonn's picture

mike - when you get ready to run for president, please let me know - you have my vote.....

"What happens when the military realizes they aren’t fighting for the good of their nation?..."

smedley butler made that discovery decades ago....totally gung ho marine who late in his career realized he was fighting for corrupt criminal plutocratic overlords on wall street....he tells how he was ordered to use the bayonet to fix elections in latin american countries....nothing has changed....

a vote for ron paul is never wasted....

Fri, 02/03/2012 - 02:04 | 2122319 Calmyourself
Calmyourself's picture

Then they named an overseas base after old Smedley to rub it in a bit, okinawa...

Thu, 02/02/2012 - 18:27 | 2121462 deflator
deflator's picture

 Probably wouldn't be a good idea to go into detail about why Spain collapsed as dominant Empire despite all the gold looting and so forth. You know, "the fundamentals" and what not might detract from the point of the essay and all.

 Anyway, yeah, sudden collapses really don't happen suddenly but they usually happen suddenly to the unaware masses.

 Yes, the end of U.S. dollar hegemony will cause what appears to be a sudden collapse in the U.S. but in reality the fundamentals have been deteriorating for decades.

 When the USD supplanted Pound Sterling as WRC the U.S. was the worlds leading exporter of every major commodity and many minor commodities. The U.S. was the worlds leading exporter of crude oil with an average daily production of 9 million barrels per day. Now the U.S. is worlds leading importer of crude and production has slipped to less than 5 million barrels per day and consumption is at 18 - 22 million barrels per day. The U.S. overwhelming abundance of food production was greater than the rest of the world combined now the U.S. is a net importer of food believe it or not...

 Demographics? At the turn of the century 1899-1900 Paris, London and New York were the worlds largest cities and the citizens of these countries made up 40% of the worlds poplulation. Today they are less than 8% and declining.

 The U.S. manufacturing is another fundamental in free fall although according to the government the U.S. leads the world in manufacturing in dollar terms. Are they counting manufacturing by U.S. companies that manufacture overseas? Look at computers as sector according to the government the U.S. leads in manufacturing. Almost every component is manufactured in China and Taiwan but the components are assembled in the U.S. Same thing with almost every manufacturing sector. If you look, the majority of products that the U.S. leads in manufacturing they are all high end items such as military hardware, commercial aircraft, heavy machinery, so on and so forth that do not require very many workers as all or most of the components are manufactured elsewhere.

  Finance? The U.S. for decades following WWII was overwhelmingly the worlds leading creditor nation. Now the U.S is by far the worlds biggest debtor nation. If not for the benefit of WRC, a good bit of U.S. consumption will go away.

Thu, 02/02/2012 - 21:21 | 2121909 Treeplanter
Treeplanter's picture

A huge chunk of the world is bankrupt.  Everbody is in serious trouble.  Nobody escapes. 

Thu, 02/02/2012 - 19:52 | 2121681 Random_Robert
Random_Robert's picture

"“God is Spanish and fights for our nation these days.”  Does this story sound familiar?"

- That is one of the most prescient things I've read recently... I fully agree.

Fri, 02/03/2012 - 02:04 | 2122237 frosty zoom
frosty zoom's picture

"hacemos el trabajo de nuestro Señor"  don lodio blanco finez, goldmanillo saquez



Thu, 02/02/2012 - 19:53 | 2121683 Aquarius
Aquarius's picture

Dear Mike Krieger,

It is indeed "leadership" which is the problem however, we the people have stood by and allowed this to happen, while we cheer them on because, we think that if we do so, they will give us a piece of the pie; think again.

I have spent much time writting about this issue (just click Aquarius above to my Blog) where I describe the main criterea as those that strive for a risk free ride in life which can only be had at the cost to all others.

Jesse Cafe Americain describes and defines this process beautifully:

One aspect is fear - yet another is the expectation of a share that "leadership" collects and redistributes - ie you think that you are a member - You are not! - and an education system that takes the analytical appraoch rather than an analoque approach, which results in students knowing nothering of the Heart, honour, courage, integriy, virtue, etc., nor of the Journey of the Hero. natural philosophy or the wisdom of the ancients.

Thank you for sharing your thoughts.





Thu, 02/02/2012 - 20:08 | 2121726 scrappy
scrappy's picture

It's the "Fragilistas" Bitches!

Power without courage.

Thu, 02/02/2012 - 20:47 | 2121825 stiler
stiler's picture

Geo Wash always warned of foreign entanglements... part of what made him a great leader. He would never make himself King, but he feared the people ruling, too.

I pick the Patriots to beat the Giants because of coaching/leadership. Hey, they've got a Jewish owner, so God will bless them maybe. Just bread & circuses.

Thu, 02/02/2012 - 20:52 | 2121846 IQ 101
IQ 101's picture

O.T. request, My Z.H. comes up Universal time/Military time,

the clock on my little lap top tells me it is 4.16 on the west coast right now,(USA)

But Z.H seems to be East coast based? using East coast time as 'time of posting of article' So i must calculate the time of the articles posting and subtract 3 hours for the time zone difference? not just that ! but I have to convert Universal or military time into Me, here, now Time to understand if I am talking to a dead thread or one full of passion?

I believe it would do well for Z.H. to Get a better clock ?

A multiple choice clock, so that readers might have an easier ride, a clock that is Time Zone Specific to people in Norway and New Zealand, New Hampshire and Watts, CA. Might know how old the conversation is ?

A time zone specific  clock that might increase readership ,input, and user frendlyness?



Fri, 02/03/2012 - 00:47 | 2122221 frosty zoom
frosty zoom's picture

you seem ticked off...

Thu, 02/02/2012 - 22:23 | 2122008 denny69
denny69's picture

Mr. Krieger might like to know that Spain was never flush during its genocidal invasion of the "New" World. No matter how much they looted from the highly evolved indigenous populations of the Western Hemisphere, Spain had vicious creditors back in Europe and almost as soon as the money arrived from the "New" World it was on its way out again to other monarchies and the banksters of the time. A conservative estimate of the number of human lives sacrificed on the altars of the Catholic Church and the thrones of European royalty is one hundred million, most of whom were not murdered by European diseases as popularly and enthusiastically believed. Most of the Incas perished in the mines and under the guns and boots of the friendly tourists from Europe. Most of the Aztecs were killed for sport or in laboring for the "Conquistadores". The Native Americans of the southern hemisphere did not take to slavery or relocation. I guess it's still considered a worthy tradition as we're still slaughtering the heathens and stealing their wealth. I also imagine our comeuppance will be vast - vast. Our time as the mass murderers of the earth is coming to an end as you cannot go on killing the innocent, children, women, boys and men forever. The reality of balance ultimately catches up with you, no matter how hard you try to stay ahead of the grasp of cosmic revenge. All the wealth and savvy on earth will be unable to stop the inheritance that belongs to western "civilization". 

Fri, 02/03/2012 - 08:16 | 2122501 onebir
onebir's picture

The category that he has the most disdain for are those with “no skin in the game.” These are the self-proclaimed “elite” of the Western world today. This group is varied but generally consists of politicians, Wall Street executives...”

He forgot the medical profession.

"The best example of this class is the military of course."

Only the small proportion likely to see combat. Not much skin in the game for the rest of the military (& quite the opposite for the rest of the military-industrial complex)...

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