Mike Krieger On The "Useful Idiots"

Tyler Durden's picture

From Mike Krieger

Useful Idiots

First they ignore you, then they laugh at you, then they fight you, then you win.
- Mahatma Gandhi

There isn’t a cohesive message coming from the protestors other than the system is rigged in favor of the top .01%. Those who think they are in control are losing their grip. They see their power and wealth slipping away. They’ve had their way for decades and will not willingly submit to a change in the existing social order. Last night Jim Cramer voiced the concerns of the .01% by saying the Occupy Wall Street protests were worrisome. They are worrisome to the moneyed interests. They are a reason for hope to the 99.9%. We are approaching our moment of truth. There is something terribly wrong with this country. A new American Revolution has begun. It is time to stop being afraid and take this country back. What happens next? The choice is ours. 
- Jim Quinn (Read this http://www.zerohedge.com/news/guest-post-what-country-needs-now-hope)

But the banking elites that led these frauds have been able to do so with impunity from prosecution.  Take on federal agency, the Office of Thrift Supervision (OTS).  During the S&L debacle, the OTS made well over 10,000 criminal referrals and made the removal of control frauds from the industry and their prosecution its top two priorities.  The agency's support and the provision of 1000 FBI agents to investigate the cases led to the felony conviction of over 1,000 S&L frauds.  The bulk of those convictions came from the "Top 100" list that OTS and the FBI created to prioritize the investigation of the worst failed S&Ls.  In the ongoing crisis -- which caused losses 40 times larger than the S&L debacle, the OTS made zero criminal referrals, the FBI (as recently as FY 2007) assigned only 120 agents nationally to respond to the well over one million cases of mortgage fraud that occurred annually, and the OTS' non-effort produced no convictions of any S&L control frauds.  OTS' sister agencies, the Fed and the OCC, have the same record of not even attempting to identify and prosecute the frauds.  The FDIC was better, but still only a shadow of what it was in fighting fraud in the early 1990s.  If control frauds can operate with impunity from criminal prosecutions, then the perverse Gresham's dynamic is maximized and market forces will increasingly drive honest banks and firms from the marketplace.
- Bill Black

The Tea Party and Occupy Wall Street are Two Sides of the Same Coin

I am extremely disappointed by the way most people are belittling the Occupy Wall Street protests, which I firmly believe is an extraordinarily important moment in American history that will be seen as the moment when rebellion arrived on the streets of America.  Despite my frustrations regarding how pretty much every commentator out there is trying to spin it negatively, this simple fact convinces me without a shadow of a doubt that this is the real deal and we are merely in the second stage of transformative change that Gandhi describes in the quote at the top.  We are in the ridicule phase.  That is good since like anything else, a transformative rebellion manifests as part of a cyclical process just like anything else.

One thing that I think people are really missing is how similar Occupy Wall Street is to the early stages of Tea Party protests.  Do you remember how the fake liberals dismissed that as a bunch of uneducated, racists wearing George Washington costumes?  Many claimed it was “astro turf” and would die out.  I recall the very day that I saw Rick Santellii on CNBC call for a new “tea party” in America.  The moment that event got posted on youtube I sent it out to the entire trading floor at Bernstein saying it was the beginning of something big.  People looked at me as if I was insane (as usual) and said that it was an irrelevant comment and nothing meaningful could come out of it.  Fast forward a few years, here we are and not only did the Tea Party not peter out but it has become one of the most vibrant and influential political movements in America today.  Those that dismissed the Tea Party most forcefully in the early days were from what I would call the “fake liberal” camp and the mainstream media (MSM).  This is unsurprising because they simply did not understand it (the MSM aren’t paid to understand anything their job to help maintain the status quo and minimize and trivialize revolt).  What the Tea Party represented was a rebellion within the Republican Party which had long ago sold itself out to the 0.1% financial elite class, the military industrial complex and large multi-national corporations that pay no taxes.        

So now the Occupy Wall Street protests have begun and the EXACT same thing is happening.  Yet this time most of the ridicule and contempt is spewing from what I would call “fake conservatives.”  The MSM of course is playing their traditional role as is to be expected.  Fortunately for me, I hold no attachment to any fake political party in America and I never have.  I stand for a free and fair market system for the economy, for a fierce defense of Constitutional rights in all circumstances NO MATTER WHAT threat we supposedly face, and a cessation of the brutal violence and war we perpetrate abroad.  As a result of this non-partisan stance I have an excellent group of friends and contacts across the entire ideological spectrum.  From this standpoint, I think I can see things for what they really are and what I am here to say is that Occupy Wall Street represents in part a rebellion within the Democratic Party (ie, the other side of the tea party coin).  This is why most of the attacks are coming from the “right” side of the fake political divide.  Just like the fake liberals couldn’t understand the tea party, the fake right can’t understand Occupy Wall Street.  This is alright.  It is all part of the process.  Next they will fight us.  Just like Gandhi said. 

Useful Idiots

Most of the time you hear the term “useful idiots” it is used in a totally pejorative sense.  I think this is wrong.  A “useful idiot” is actually not really an idiot, rather it is someone who is ignorant and therefore can be manipulated by those that are not ignorant to do as they desire.  I mean who reading this was not a “useful idiot” at some point?  I know I was.  For most of my career on Wall Street that is exactly what I was.  I worked in finance but had no idea how the system actually worked.  As a result of my ignorance I was very susceptible to much of the propaganda that was blasted in my ear overtly and subliminally for much of my life.  While I have always been cynical and never fell for the garbage either political party spewed, I was ignorant about how the world works and as such I could have been a danger to myself and others.  Fortunately, I finally did dig further into the matrix, took the red pill and started writing about what I learned.  Eventually I decided to leave Wall Street and pursue a different path.

Ok, so is there a point to all this rambling?  Of course. The point is that just because there are a lot of “useful idiots” at the Occupy Wall Street protests (just as there were at the Tea Party Protests) that doesn’t mean we should dismiss what is happening or belittle their frustrations.  They are merely ships without anchors floating around aimlessly in a sea of ignorance.  Rather that mock them right into the hands of bad guys that want to recreate feudalism like Michael Moore, George Soros and Warren Buffett we should educate them. 

Michael Moore and Other Carpetbaggers    

Let me be clear about one thing.  There are plenty of disconcerting things that have emerged in the Occupy Wall Street Protests.  The main threat is the clear attempt of disingenuous elites to co-opt the movement and steer the “useful idiots” right into the concentration camps.  You think George Soros is an idiot?  You don’t think he knows exactly what he is doing when he voices his support?  He is trying to co-opt it and own it.  He didn’t start anything.  He is a carpetbagger of the highest order. 

One of the more disturbing things I have seen is this video of Michael Moore at the protests.  http://www.youtube.com/watch?v=l97SuV6DThQ&feature=player_embedded  After watching it I was so disturbed I sent the following out to my smaller email list:

It’s great to watch all these guys that never understood the real issues and clearly still don’t attempt to co-opt the message of the Occupy Wall Street Protests for their own agendas.  For those of us that have been fighting this in the trenches for years, this is the greatest risk to the movement.  That some radical self-serving interests take the message over.  I don’t think it will succeed but that is what has happened in history and we must be vigilant.  Watch this quick video of this dangerous man, Michael Moore.  When asked about ending the Federal Reserve there is a really awkward moment and then he blurts out “END CAPITALISM.”  End Capitalism Michael?  Where is there capitalism.  How about end crony capitalism? 

My conclusion on this spectacle is the following.  Either 1) He STILL hasn’t bothered to understand how things work and is just looking to be some sort of revolution rock star to stroke his own ego and childish solutions or 2) He is a crony capitalist himself and after having made millions via “capitalism” has decided like Warren Buffett, Soros and all the others he is content to shut down the opportunity to make money for others.  End capitalism?  Hmmmm, yep and go the planned neo-feudalism in which he is well positioned.

Whether it is 1 or 2 doesn’t matter.  It is one of them and that makes him someone not to be trusted and with zero credibility in the movement and one that cannot offer real solutions.  WATCH this video.  This man is dangerous and must be exposed and discredited. 

The key point I am trying to make here is whenever someone worth tens of millions of dollars pushes a agenda based on “end capitalism” turn and run the other way.  Run as far and as fast as you can.  Remember what feudalism really is.  Is was a system designed by the last guys to rape and pillage who then decided to shut down the random raping and pillaging once they had secured their castles.  Michael Moore, George Soros, Warren Buffett and all the others have their castles and they don’t give a crap about you. Furthermore, did you see what Tiny Timmy Geithner just said?  From Bloomberg: *GEITHNER: `YOU SHOULD BE DEMANDING BETTER RESULTS' FROM GOV'T.  Don’t make me laugh.  Here is the biggest insider crook on earth trying to tell us what we should want.  Truly a disgusting character.    

So…next time you see someone marching with an “end capitalism sign” stop that person and educate them.  Explain to them why there is no capitalism, only crony capitalism and explain the financial system to them.  That way we can drop the idiot part of the term and they can just become useful. 

Some Good Signs

The moment I knew the Occupy Wall Street protests were the real deal was when I saw the large group around Union Square (two blocks from where I used to live) with many, many “End the Fed” signs.  I don’t know much but I know Manhattan and I have never seen signs like that on the street there.  So in conclusion please watch this video from a OWS protestor.  People get it.  This is real.  Nice work kid.  Enjoy.  http://www.youtube.com/watch?v=tFz1VVXsWRU&feature=player_embedded

Peace and Wisdom,

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Hamsterfist's picture

Now que the "It's a bunch of commies" comments.


nope-1004's picture



Jeethner is a professional asshole, and a sociopath.


trav7777's picture

sure...but the point about Mike Moore stands.

The Tea Party BOOED OFF THE STAGE the career repugnicons who didn't represent them.  And they voted them out.  That's the difference between the iPod protestors and TP

bigdumbnugly's picture


and the tea partiers knew they would not be seen as "cool" while making their stand by the msm, either.  how many protestors in NY now are rthere because its the cool place to be but don't have a clue?

back to krieger's point, though.   educate them?   ok, but 18 + years of liberal brainwashing from academia and the media can't be undone in a NY weekend.   though on the bright side it's probably a great place to get laid right about now...

wanklord's picture

What’s all the uproar?
It seems that most of Americans never bothered themselves to learn living within their means, save some money, plan for the future, get a decent education and avoid credit at all.

The blame must be placed specifically on the so-called Baby Boomers, a failed generation who really enjoyed the prosperity of the 50s and 60s; instead, they focused all of their deprived intellect in experimenting with all types of drugs and having very promiscuous sexual lives. These people have done nothing for this country and now they are so scared of potentially not being able to collect their government entitlements (paradoxically, they are the majority).

Therefore, America as a broken society is now paying the consequences of its own greed, lack of common sense and stupidity.

Someone said that Americans are just a bunch of stupid animals easy to manipulate and subdue. The sooner the US economy collapses the better, so the ignorant populace will finally learn NOT to live beyond their means – and stop blaming the government, since they don’t give a crap about people’s grievances.

Finally, educate yourselves about National Security Presidential Directive/NSPD 51, because Martial Law will be implemented in the United States due to the ongoing social unrest – and most Americans do not have a single clue of what this means.

ElvisDog's picture

because Martial Law will be implemented in the United States due to the ongoing social unrest

Hah, that's a good one. If you really want the fun to begin, see what happens when Obama tries to declare martial law.

akak's picture

I think he actually meant to say Marsha Law ---

(cue a petulent Obama, stomping his foot in dismay at TV coverage of NYC protesters): "Wall Street, Wall Street, Wall Street!  Why is it always about Wall Street, and not ME?"

MillionDollarBonus_'s picture

Michael Moore is right. Capitalism is dead - politicians have learned that the market is incapable of regulating itself and that free markets simply don't work. The government had to bail out the banks because of their inability to manage risk properly, so the only solution is to impose tighter regulations and price controls to give POWER BACK TO THE PEOPLE. The PROGRESSIVE REVOLUTION is here and right-wing libertarians better get with it or get out of the way.

akak's picture


And we had to destroy the village in order to save it.

LFMayor's picture

We must destroy the village to kill the ijits.

redpill's picture

The pipe dream by some that somehow there is this confluence of anti-establishment fury that will cause the Tea Partiers and the OWS to come together in some great mutual uprising is never going to materialize.  The two groups may both be angry at the status quo but that's where the similarities end.  I see it ending in a civil war before I see it ending in unity.  But most likely we're in for (at least) a generation of ugly internal political struggle as these polar opposite forces tear the fabric of government and society apart while our economy languishes, our infrastructure crumbles, and our people become bitter and economically defensive.

rocker's picture

@redpill  IMO   I think you are 100% correct. 

 TPTB want it this way and feed it every day so they can maintain their elite monarchy.

Cynical Sidney's picture

most excellent read thank you mr. krieger. just as you suggested, message from fringe right and fringe left are two sides of the same coin. when michael moore said 'end capitalism' he's really saying to end crony capitalism, end kleptocracy and corporatocracy.

riley martini's picture

Capitalism ended with the Paulson panic the bailouts the TBTF goverment backed corporations . The government controled stock exchange ie ; equity and real estate prices . Atleast desperate attempt to drive up the price of the fore mentioned .

bIlluminati's picture

Capitalism's been hurting a long, lonely, lonely, lonely, long time. Prefer Gilligan's Island of communitarianism. Could use some coconut cream pie and Professor radio to cheer me up and tell me about the typhoon. There's a Wall Street wind blowing this way.

Max Hunter's picture

OK.. where's Cocketteta to tell us it's a commie conspiracy to elect Obama???

CrockettAlmanac.com's picture

I never said that but you can keep on pretending that I did if it makes you feel better.

xtop23's picture

lol. Yeah we need price controls. Empty shelves at the store anyone? 2 hour long lines at the gas stations anyone? 

A return to sound money, decrease in regulation, actual enforcement of the good regulation that we do have, reduction in the military budget by fully 2/3rds, strict adherence to the Constitution and Bill of Rights, term limits, and the end of the drug war.

Never happen until there is a real revolution though. Too many people are busy watching Idol.

As far as Michael Moore is concerned, his screaming out, "End capitalism!" was ridiculous. We dont currently have capitalism how could we end it?

Louie the Dog's picture

As far as Michael Moore is concerned, his screaming out, "End capitalism!" was ridiculous. We dont currently have capitalism how could we end it?


Whatever we have made Fat Bastard a ton of money.  Now he wants to end it?  I don't think so.  What he wants to do is exploit it.  Maybe make a docudrama on the miracle of Sudanese health care.




Dick Fitz's picture

As soon as I think Million$BogusBonehead had said the stupidest thing he can possibly say, he comes along and proves me wrong.

How can a free-market that has been co-opted by the crony capitalists and socialists self-regulate? Until the powers that control money are driven out on a stick, the market will falter. Once freedom and the rule of law is restored, the free-market will ascend again and self-regulate us into prosperity.

bid the soldiers shoot's picture

You got it wrong again, dude. 


Here's the quote "Scarlett:   If either of you boys says "Wall Street" just once again, I'll go in the house and slam the door. ... I'm going to have a good time today, and do my eating at the barbeque. ..."


Abitdodgie's picture

Hah, that's a good one. If you really want the fun to begin, see what happens when Obama tries to declare martial law.

Nothing will happen when Obama declares martial law , why because Americans could not get laid in a whore house that is if they had the brain power to even figure it out , the only thing that will get them to do somthing is the dollar colapse and no more cheezy poofs. I am sorry to say that but the people that come on this site are in a tiny minority. If you dont belive me open an account with Facebook and look at what everyone thinks is inportant.

kaiserhoff's picture

Tell mommie you went poopie in your diaper again, and quit stinking the place up.

kaiserhoff's picture

Well said Elvis.  Let the games begin.

o2sd's picture

see what happens when Obama tries to declare martial law. 

Read some history. Martial Law doesn't get declared one Tuesday morning. It happens piece by piece, a little at a time, for 'security' and 'stability' and then 'crisis' and 'emergencies'. Just temporarily mind you. There is no need to enslave people from above, you can simply get them to enslave themselves with a prison of their fears. They will demand more police in the streets, they will demand more laws, more prisons, more courts,more security, anything to alleviate the terror they feel.

Before you know it people are dressed in khaki and goosestepping down main street. Hurah.

Bicycle Repairman's picture

Obama will not declare martial law, some general (Petraeus?) will.

lynnybee's picture

       " It seems that most of Americans never bothered themselves to learn living within their means, save some money, plan for the future, get a decent education and avoid credit at all. "         O.K., here is my favorite kind of comment.     Things used to be like that, they really did,  I remember a time when we did live within our means & saved our money..... of course, that's when savers were paid 6% interest on their savings deposits! ; unfortunately, nowadays, with the abundance of cheap credit, the lack of jobs that pay anything over $9/hr (that is if you can even find that), & education now being one of those "how can we make money off that" fields .............. GOOD LUCK !  living within your means, hell, you can't even afford a crap apartment, food on the table & a shit car with gasoline in this environment !

I like to remind everyone what DR. MARC FABER so famously said,  " When the people are offered cheap money, they are going to take it ! "     in other words, the current day environment was all deliberately orchestrated to get more & more people into debt with cheap money to enrich those in big business, enrich those in the financial sector & Wall St. while empoverishing the masses.       

Plz don't ever talk to me again about 'living within your means', not in this environment.      The one thing ZEROHEDGE taught me was that the credit ponzi needs to be expanded year after year in order not to collapse & U.S. Government & the Federal Reserve Bank have succeeded at draining any wealth that used to be our into their own pockets, it's called DEBT SERF. ........... fucking government; never again will i have anything to do with big banks & the u.s. government; in fact it's all about protecting yourself from thievery by these people ............ BUY SILVER & GOLD & XTRA FOOD & EXTRICATE YOURSELF FROM THIS SYTEM & GO PROTEST IN FRONT OF ANY FEDERAL RESERVE BUILDING YOU CAN .

Sincerely ...................

baby_BLYTHE's picture

I agree. LB's best post ever! Love the quote by Faber, so true. Female ZHers unite! lol

LetThemEatRand's picture

When the twin towers fell, our President at the time told us all to go shopping.   You have eloquently explained why.  You've also explained why the MSM is attempting to dismiss the current protests as "class warfare."   You've gotta hand it to these guys for setting up a system from which they become wealthy from overconsumption and debt spending, while they prance around on the MSM and complain about all of the overconsumption and debt spending.

CaptA's picture

Just going to keep cutting and pasting this stuff? I've already seen it once in another thread and I am not even looking that hard.

diesheepledie's picture

"Someone said that Americans are just a bunch of stupid animals easy to manipulate and subdue."

Thanks for the shout out. That was me. It is totally true. And with respect to the disgusting animals loose on Wall Street the answer is simple: Herd and process the cattle that get out and run amok. Drive them into orange plastic pens and spray them with chemicals!!! YES!!Just like the herd animals that they are.

I love the ones who say they want "freedom". Really now? Freedom means no government handouts, no free shit. These are house pets that slip through the front door and run down the street, seeking "freedom"; only to come crawling back the next day; cold, wet, and hungry needing that handout. These filthy mutts couldn't survive a week being "free". They would starve or be eaten by a predator.

Apply Force's picture

Maybe they'd make it without good old dot.gov and maybe they wouldn't - that's freedom... the law of nature. 

You're so above them?!?  You're the exact kind of punk ass bitch I'd love to run into in dark alley.  Herd me - I dare you.

RockyRacoon's picture

Yo, wanklord, you've been beating the Boomer drum for a long time.  So, you're good at pointing fingers at your chosen culprit.  What's your solution for correcting the miscarriages of justice that you perceive?   It's time for solutions... not accusations.

diesheepledie's picture

I can help with this one .... 1.) Concentration camps for the unproductive, 2.) Debtor's prisons for free-lunch-borrowers, 3.) Cut off ALL social security, 4.) Sterilisation of welfare recipients, 5.) Revoke voting rights for unemployed and non-net-taxpayers - includes students and retires

That's just off the cuff. I can come up with much more.

RockyRacoon's picture

You'd be the perfect Republican candidate!  You should run for office.

Confuchius's picture

A glimmer of hope: REF: NSPD 51

As the indomitable Afghans have shown over & over, a home made $50 IED and/or an easily acquired RPG, can immobilize the biggest tracked vehicle and instantly convert it into a roadblock (and an inferno). Helicopters have a very short half-life against RPGs. AK-47s and their look-alikes work just as well now as when they were first produced.

Recall also that the military is an unproven "asset" if attempted to be used against their own brothers and sisters willy-nilly.

PJPony's picture

When are you going to learn the boomers didn't start this mess?  How could we save ANYTHING?   We were taxed to death if we tried to, told we had to invest in our children's futures in order for the dears to go to college and when we couldn't save enough, we took out second mortgages and got second jobs so the youthful snots could be indoctrinated by the infiltrated institutions known as higher education.

All of this mess started during our grandparent's day.  We were oblivious to the fact that we were being screwed because we fell for the lies, too!

Now, after working our asses off to give our children a better chance than we had, we're told it's all our fault that the thieves stole our retirement, our homes and the minds of our children.

Blame someone else.  I did what I could with what I had, raised my children as best as I could and am looking at starvation when the ungrateful brats of this nation decide I've lived long enough,.

Grow up.

RacerX's picture

best comment was from the other day:

"..and I brought weed!"

pretty much sums it up

Ponzified Plebe's picture

Well said BD&U. Check back with these protesters in a few years when they have yet to have find jobs anywhere but waiting tables for TPTB, and they will be yearing for the capitalism that allowed their parents and grandparents to flourish (at least for a while), while they are thralls to a zombie Market run by the likes of Moore, Soros, and an immortal robo-Buffet. Trying to take down capitalism is akin to stepping on one's own dick, it's the only system that allows the common man to earn an honest buck, sadly most of these kids won't realize that until it's probably too late.

bankruptcylawyer's picture

what are you kidding. the younger they are, the quicker it is to retrain them. a weekend in new york is like a weekend at the bottom of mount sinai . 

enough to convert you to a new religion..

IQ 145's picture

Mike Krieger and useful idiots; go together so well. He was the useful idiot who told the faithful to buy lots of silver dollars and bankrupt JP Morgan; if I remember correctly; and now we're supposed to listen to him ranting and raving. Why? He's an idiot.

Ponzified Plebe's picture

5-4-3-2-1 Queue IQ 145's inane bullshit, it's as dependable of Old Faithful.

Max Hunter's picture

Until there is a run on the dollar.. then he will mysteriously become absent..

Confuchius's picture

NO. You, iq 14.5 are the idiot.

Our $5 Silver is doing what it has always done. Protecting us from the paper munney shills like you.