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The Only Thing We Have To Fear Is Fear Itself... And Governments Telling Us What To Fear: Why The Beginning Of The End Started With FDR's Confiscation Of Gold

Tyler Durden's picture


As is well-known by now, following America's collapse in the first Great Depression back in 1929, one of the first decisions undertaken by president FDR, not even a month following the first of four inaugural speeches (in which he notably said that "the only thing we have to fear is fear itself") was to respond to the rolling bank runs and shutdowns, by doing something unprecedented: confiscating the gold of American citizens. And then he logically followed up by doing the only thing that insolvent governments know how to do: he debased the US Dollar overnight by 40% by changing the official exchange ratio of the USD to gold from $20.67 per ounce to $35.00 per troy ounce. Alas, since exchanging such gold would be impossible until 40 years later, nobody could take advantage of this generous offer. It is this point in history that to William Buckler of the famous Privateer newsletter marks the transition of American government from republican (on behalf of the people) to being authoritarian (in control of the people). It also begs the question: what did FDR offer in return for gold confiscation - after all if gold confiscation is not "something to be feared" then there is a quid pro quo. Why he gave us Social Security and the Welfare state. The same "welfare" state whose unfunded obligations amount to roughly $80 trillion, and whose increasingly tangible insolvency is precisely the reason why ever more capital is shifting right back to, you guessed it, gold. Perhaps FDR should have added that in addition to fear itself, the one other thing everyone should fear is governments believing they they know what they are doing when transitioning to central planning an an authoritarian regime based on nothing but faith.

From the latest Privateer newsletter:

The US banking collapse which occurred early in 1933 was the result of a huge withdrawal of Gold by both foreigners and Americans. There was real fear that the incoming government would repudiate the Gold standard - just as the UK government had done in late 1931. The worst nightmare of all central bankers was taking place. Just as Mr Bernanke does today, Fed Chairman Eugene Mayer had access to (primitive) helicopters and printing presses. What he did not have was a “fiat” currency. As long as foreigners - AND AMERICANS - could redeem their US Dollars for Gold, his hands were tied.


As already stated, FDR declared a bank holiday immediately upon his inauguration on March 4, 1933. The banks had already ceased making payments and were paying out only five percent of deposits. The bank holiday merely froze this last gasp of bank activity - for a week. It took a lot more to “scare” Americans in the early 1930s than it does today, but the bank collapse of early 1933 was the culmination of the aftermath of the stock market crash of October 1929. For three-and-a-half years, Americans had been rocked by a series of economic and financial calamities - each one of them worse than the one that preceded it. The bank holiday was the last straw. Something RADICAL had to be done.


Something radical was done. When the bank holiday ended, thousands of US banks had ceased to exist. The ones that remained were “SOUND” - so said FDR. Most Americans could no longer afford not to believe him. The Gold poured back into the still standing banks. No sooner had it done so than the US government literally stole it - on April 5, 1933 - by making it illegal for Americans to hold or own Gold. From that day to this, the US economy has run on a totally fiat currency. Until December 31, 1974 - the day it once again became legal for Americans to buy, sell and hold physical Gold - there was no escape.


Gold confiscation was all it took to turn the form of US government from being republican (on behalf of the people) to being authoritarian (in control of the people). It is all it took for that same US government to start to nurture the attitude among Americans that they were dependent on their government. To nail down that attitude, “social security” (a contradiction in terms), old age pensions and unemployment insurance were all enacted into law by 1935. By the end of the 1930s, they were electorally sacrosanct. Deprived of the means to maintain independence, Americans were given the substitute of “welfare”.

Segment courtesy of Bill Buckler and his prior permission.


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Sun, 09/04/2011 - 20:46 | 1632788 Mercury
Mercury's picture


There's only one slider on this scale.

I wonder how many people actually held on to some significant amount of gold during those 40 years of prohibition?

Sun, 09/04/2011 - 20:56 | 1632852 max2205
max2205's picture

TD. YOU trying to tell us something coming with all these scary posts?

More like Halloween night than labor day. Lol

Sun, 09/04/2011 - 21:07 | 1632868 spiral_eyes
spiral_eyes's picture

wow guys i just found this related video...

progressive democrat calls for "fema camps" to lock up republicans and those against obama. i thought maybe he was being facetious, but no, he actually believes in locking people up. wow. that's fascism.

Sun, 09/04/2011 - 21:50 | 1633012 weinerdog43
weinerdog43's picture

If you're worried about Progressive Democrats, you are truly a weeny.  Progressives are the most powerless faction in government.  I suggest you get a grip and start to concern yourself with the Bilderbergers and their ilk.

Sun, 09/04/2011 - 21:59 | 1633042 spiral_eyes
spiral_eyes's picture

 Nazism wasn't implemented by IG Faben, Himmler and Prescott Bush. No, it was implemented by willing little footsoldiers who came to accept the idea that others were less than human. 

Corporatism, synarchism, cryptocracy and plutocracy are nothing new, and have existed in some form in every human era. But only certain eras develop into full-blown fascism, only certain regimes successfully strip their supporters of human dignity, and of free thought and of morality. Hitler did it, Mao did it, Mussolini did it, Stalin did it, Napoleon did it, Nero did it, maybe Genghis Khan, too. And the way debate is getting polarised and dehumanised it seems like Obama and his civilian national security force may also succeed.  

Sun, 09/04/2011 - 22:39 | 1633144 narapoiddyslexia
narapoiddyslexia's picture

Sorry, Nazism was implemented by the German corporate oligarchs, and Hitler had a special meeting with them to discuss it. The industrialist Thyssen and the German banker Hjalmar Schacht were the main organisers of a letter to President Paul von Hindenburg urging him to appoint Hitler as Chancellor. There were many others. Authoritarianism is, and always has been, the defining phenomena of the right. 

Moreover, the implied assertion that Obama is polarizing the debate is laughable. You're not even paying attention.

Sun, 09/04/2011 - 23:29 | 1633236 Dick Fitz
Dick Fitz's picture

Hitler was a National SOCIALIST, so blaming it on "the right wing" is laughable.

Both parties in the US are socialist as well, with the Reps covering it in a sheen of fascism.

Mon, 09/05/2011 - 00:53 | 1633425 kito
kito's picture

hilter was a power hungry sick bastard, socialist or otherwise

Mon, 09/05/2011 - 01:43 | 1633503 mcguire
mcguire's picture

lets get this right.  hilter was above all an occultist, and so is bush.  The Brotherhood Of Death Society, whose symbol is the skull with two crossed bones. The German Brotherhood of Death Society is the Thule Society. Adolf Hitler joined this society in 1919, becoming an adept under the leadership of Dietrich Eckhart. Later, the Thule Society selected Hitler to be their leader of the New World Order, as Eckhart revealed on his deathbed, saying, "Follow Hitler; he will dance, but it is I who have called the tune. I have initiated him into the Secret Doctrine, opened his centers in vision, and given him the means to communicate with the powers." (Trevor Ravenscroft, The Spear Of Destiny, p. 91).

In August, 1990, President George Bush announced that the world had now entered into a New World Order. Shockingly President Bush is an adept in an American Brotherhood of.. the Yale Skull and Bones Society. As we stated earlier, Bush's New World Order is virtually identical with Hitler's; the key connecting point is the common membership in their respective Brotherhood .. (Behold A Pale Horse, p. 81; Introduction To The Order, p.7).

A quick overview of the Thule Society, beginning with a study of its practices and relevant history.

* They were Satanists who practiced Black Magic -- this means that they were "solely concerned with raising their consciousness by means of rituals to awareness of evil and nonhuman intelligences in the universe; and with achieving means of communication with these intelligences." (Ravenscroft, p. 161). Concentrate on that seemingly innocent word, rituals. Christians equate a ritual to a church service, thereby not understanding its occultic mean-ing. The New Age Dictionary defines ritual as a "ceremony to restore balance with nature...and bring back lost harmony and sacredness." Remember we are dealing with the Satanic world, where good is called evil and evil good. The sacred-ness mentioned here is a Satanic sacredness. Rituals literally are proscribed activities designed to allow demonic power to flow through the participants. These activities are proscribed chants, formula wordings, and carefully planned actions. As we noted last week, the effect is devastatingly powerful, as demonic force pours through the participants, delivering a counterfeit spiritual experience which literally transforms their lives. Never skip over the word ritual, as it is a word of Satanic power.

* Thule members practiced a form of Sexual Magic derived from a lodge of which Aleister Crowley was a member. Crowley was recognized as the foremost worshipper of Satan in the 19th Century. "The origin of this...medieval magic...can be traced to a Freemason, Robert Little, who founded the Societas Rosicruciana in 1865... (Ravenscroft, Spear of Destiny, p. 164-5). While the actual sexual perversions which were practiced are too offensive to share, the results are not. Author Revenscroft stated that "indulgence in the most sadistic rituals awakened penetrating vision into the workings of Evil Intelligences and bestowed phenomenal magical powers." (Ibid. p. 167). This is the Thule Society.

Ravenscroft records its effect upon Hitler, "...sexual perversion took a central place in [Hitler's] life...a monstrous sexual perversion was the very core of his whole existence, the source of his mediumistic and clairvoyant powers, and the motivation behind every act through which he reaped a sadistic vengeance on humanity." (Ibid., p. 171).

Eckart's final act was to initiate Hitler into "a monstrous sadistic magic ritual...after which he was sexually impotent. Hitler's impotency had a deep psychological foundation. He knew sexual fulfillment through the extremes of sadism and masochism..."(Ravenscroft, p. 155, 173). This impotency delivered a final devastating blow to Hitler's psychological foundation, finally making him into the sadistic murderer that history knows.

    • Thule society believed in "communication with a hierarchy of Supermen -- The Secret Chiefs of the Third Order". (Ibid) The quality which make these beings supermen was occultic spirituality. Further, they believed in Madame Blavatsky's Secret Doctrine, which teaches that certain superman had survived the destruction of Atlantis with their higher levels of consciousness intact. These supermen were Aryans. These two beliefs combined into one through the Thule Society and Hitler, culminating into the Nazi Death Camps. (Ibid, p. 166). When one group of people incorporate into their spiritual belief structure that they are inherently superior to another group of people, it is inevitable that genocide will be attempted as soon as possible.
    • The Thule Society regularly held occultic seances, during which time they communicated with demons who were either masquerading as a dead person or who were just appearing as their guiding spirits. Dietrich Eckart, Alfred Rosenberg, and Adolf Hitler invoked the Anti-Christ into manifestation at the mediumistic seances of the Thule Group in Munich." (Ravenscroft, Spear of Destiny, p. 168) Eckert believed he had been told by his guiding spirit he would have the privilege of training the coming Great One, the Anti-Christ. From the beginning of their association, Eckert believed Hitler was Anti-Christ. Therefore, Eckert spared no occultic knowledge, ritual, or perversion in his attempt to fully equip Hitler for the role. Once the training was completed, Hitler believed he was "born anew with that super-personal strength and resolution he would need to fulfill the mandate ... ordained for him." (p. Ravenscroft, p. 93-4) Hitler literally equated this with the Christian claim to be born again.
Mon, 09/05/2011 - 01:59 | 1633517 Campagnolo
Campagnolo's picture

actualy he was not...he was right about taking control of his country and resources from jewish...if he were succesful the world would be very different today

Mon, 09/05/2011 - 11:14 | 1634511 mcguire
mcguire's picture

1. actually, he was.  if you want to be a revisionist historian, you have to go all the way.  hitler was a pawn of the Thule occultists.

2. "he was right about taking control of his country and resources from jewish"..  here is the sad thing about your antisemitism.. it is the same redistibutionist idiocy that can be found in any 'welfare state' mob think...  


Mon, 09/05/2011 - 13:04 | 1634866 Campagnolo
Campagnolo's picture

we are in evil world anyways, but from those two evils I just think Hitler wanted to take control over his country for his people, how he did it? that's a different topic. Now, one is always an "anti semite" person when talk about jewish  responsabilities on countries economic, it is time to speek and loud. It is like been a racist because you ask to work to a black person, I mean, 20% of America population is black and 90% of them live for free, and one is the racist??, I am sure if blacks will work the country deficit would be a lot less. Like I said, the the world would be different today without both parasites...evil?, sure, it always was and always will... Hell?, I doubt it.

Mon, 09/05/2011 - 18:58 | 1636151 DosZap
DosZap's picture

  kito @- 00:53 ,

He was far more than that.He was a satan worshipping occult following madman.

And he was part Jew,that drove him batshit crazy.( one must wonder what could foment the kind of hatred a mixed race German Jew could come up with), to cause the insane idea of a PURE AYRIAN race.When he himself coulf not qualify.(He was a great orator, and or was demon possessed).

Mon, 09/05/2011 - 09:21 | 1633952 FurQ
FurQ's picture

@DickFitz You've obviously had your brain thoroughly washed by Fox, read the history books rather than listening to Glen Beck, Hitler came up with "National" socialism to counter the growing support for international socialism/bolshevism/communism in europe which he saw as being run by jews and benefitting non-ethnic germans. National socialism/nazism was really fascism where aryans were afforded the rights guranteed by the neuremberg laws but non-aryans were basically considered non-citizens and were not gauranteed any rights, bit like what the right-wingers are planning to do to mexicans in arizona. Hence aryans could commit any crimes on non-aryans without the law having any obligation to do anything. Also unlike bolshevism where private property was seized and redistributed by the state, in nazism only the private property of non-aryans was redistributed, all these laws were passed in response one event- the burning of the reischtag which was blamed on socialists (i.e. socialist that weren't national socialists) so that alot of the individual rights guaranteed by the weimar constitution which was a document mainly written by socialists could be put aside, similar things have happened to muslims and others who supposedly support terror via the patriot act in response to 9/11 with people on the right wing supporting it and accusing socialists and liberals of being anti-american when they question it as unconstitutional. Also, unlike other forms of socialism, nazism kept the wealthy ethnic germans rich and allowed them to accumulate more wealth by allowing and encouraging slave labour, in short it was an ideology closer to fascism and the extreme right than any kind of socialism and members fought against and killed communists and socialists and used the threat of communism to get wide support

btw I am not a liberal or socialist I'm just a libetarian that knows how to read and doesn't depend on glen beck to tell me history

Sun, 09/04/2011 - 23:31 | 1633241 Founders Keeper
Founders Keeper's picture

[Authoritarianism is, and always has been, the defining phenomena of the right.]---narapoiddyslexia

Yeah.  That's what our Leftist Progressive education system taught me too.

I used to be a useful idiot.  I can spot one a mile away.

But, don't worry.  There's still hope for you, narapoiddyslexia.


Mon, 09/05/2011 - 09:39 | 1634057 FurQ
FurQ's picture

What allowed Nazism to succeed is that the right wing in Germany who talked of freedom and private property rights allowed themselves to be governed by an ideology very similar in its authoritarianism to communism using the threat of socialism and communism to justify similar laws that would be passed by a communist state. Even to this day when nazi soldiers from that time are interviewed they say if we didn't support Hitler then we would be in same situation as USSR even though he did just as much damage if not more.


Mon, 09/05/2011 - 01:05 | 1633447 Moneyswirth
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It's well worth noting that Schacht was the president of the Reichsbank during the 1920s

Mon, 09/05/2011 - 07:53 | 1633718 Mike2756
Mike2756's picture

Agreed, he couldn't have done it without their funding, and with backing from the army.

Mon, 09/05/2011 - 09:39 | 1634059 Moe Howard
Moe Howard's picture

Therefore, according to your daffynition that "Authoritarianism is, and always has been, the defining phenomena of the right"; the following list contains leaders of the right:





Ho Chi Minn


Woodrow Wilson


Seems to me that they are all defined by one thing: Gangsterism. What is behind that Gangsterism, meaning how did they rise to power? Money. Who provided the money? Bankers, or Banksters.

Playing left - right is silly, anyone with any cognitive skills can see beyond the bullshit ideology and judge by actions. What social organization fairy tale you favor does not change reality.

All governments are rooted in the first governments - roving gangs of looting men that stopped in one place and decided to milk the locals. If you don't believe they rule by force, try to change TPTB. You will soon encounter force.

Mon, 09/05/2011 - 10:08 | 1634205 tamboo
tamboo's picture

asiatic jews one and all, proxies for the house of red shield.

hitler was a jew funded by joo banksters to stampede joos into israel.

Expose Zionist Lies: "Adolf Hitler - Founder of Israel" by Hennecke Kardel

fdr lied us into ww2 by cutting off jap oil,  the traitor knew pearl harbor was a setup.

Day Of Deceit: The Truth About FDR and Pearl Harbor by Robert B. Stinnett


Domestic & Worldwide Zionist Criminality




Researching Criminal zionism

Mon, 09/05/2011 - 12:26 | 1634748 Breaker
Breaker's picture

There's some truth here. Left/right has no meaning if there is no difference. The list of bad guys you provide is internally self consistent. They belong together on the political spectrum, despite that Americans seem to think there's a sustantive difference between Hitler and Mao. The perceived difference is mostly based on a progressive meme (Mao good Hitler bad) that has been repeated ad nauseum since WWII.

Sun, 09/04/2011 - 21:24 | 1632927 Cabreado
Cabreado's picture

I like to think of it as TD taking advantage of relatively slow news and pushing out panoramic views of Reality, with a smattering of Principle thrown in for good measure.

Sun, 09/04/2011 - 21:59 | 1633044 Mactheknife
Mactheknife's picture

>More like Halloween night than labor day.

How bout we call it what it is...a history lesson.  Those who haven't learned their history are doomed to repeat it. You think this is scary...go find yourself someone who is in their ninetys and ask them what that was like.  Freak you out.

Sun, 09/04/2011 - 23:13 | 1633208 Westcoastliberal
Westcoastliberal's picture

Anytime Cheney crawls from his crypt, be afraid, be very afraid!

Actually I am a bit apprehensive of the coming 10 year anniversary of 9/11.  A "False Flag" could work nicely into the plans of the same perpetrators who had the "Patriot Act" already written & ready to go hours following that fateful event.

Sun, 09/04/2011 - 23:31 | 1633243 sun tzu
sun tzu's picture

0bama is Cheney's puppet? 

Sun, 09/04/2011 - 23:44 | 1633283 rocker
rocker's picture

This is the second time I give you a thumbs up +1.  When will most wake up.  Cheney is a elitist aristocrat.

Everybody is a puppet to the likes of Cheney.  Look at Bush. 

I am willing to bet Cheney told Bush to respect his rich elite elders.  

Mon, 09/05/2011 - 09:51 | 1634126 Moe Howard
Moe Howard's picture

I think Cheney is just another of the Elite's reliable yes men. He was assigned to Bush because Bush, when first elected, attempted to do those things he promised - he started to remove us from Europe militarily, he was against nation building, etc. That is why they brought on 9/11 - they realized he wasn't changing his spots, and they had to stop him. They did. Bush is just another sucker like the rest of us. He got in line with the neocon program right away after 9/11. Even Ron Paul mentions he advocates the same policies Bush did before 9/11.

Back to Cheney, he is not some "big cheese". He is the same as Obama, does what he is told by his handlers. He is a lapdog. Need more proof? He supported Trey Grayson over Rand Paul in KY Rep. primary. Trey Grayson quit his job as sec of state in Ky to take a job at the Harvard John F. Kennedy School of Government after the election. Turned over one of the few Republican elected positions in state executive branch to a unelected Democrat. Get it? They both work for the Statist Party.

Sun, 09/04/2011 - 23:57 | 1633308 mcguire
mcguire's picture

just for the record, fdr was a freemason/illuminist..  assumed the title of Grand master of the order of demolay, in the white house, no less.  you know, demolay of baphomet fame.. so, more like friday the 13th than halloween. "In politics, nothing happens by accident. If it happens, you can bet it was planned that way."-FDR

Mon, 09/05/2011 - 07:32 | 1633701 Smiddywesson
Smiddywesson's picture

Politics is a dirty game, and FDR was elected four times.  Nuff said.

Tue, 09/06/2011 - 14:51 | 1639074 baltbear
baltbear's picture

I'll follow that reasoning to note that all the "righteous" complaining is evidence of un-electability,

and therefore irrelevance.

Mon, 09/05/2011 - 03:27 | 1633599 Taku
Taku's picture

BBC reported "Europe will not slide back into recession, and the euro remains "strong and resilient", the president of the European Commission has said"

You know what that means.

Sun, 09/04/2011 - 20:57 | 1632854 Moe Howard
Moe Howard's picture

Your scale is real. Lately I have been wondering about the link between our loss of liberty for security and the timeline related to women getting the vote in the USA. They seem linked, as if logic was replaced with emotion in the electorate over time, not that there were no stupid voters before women voted. Something to think about.

I do know I have a basic understanding of arithmetic, so I always understood that little if any Social Security would be there for me when my race was done, I am 6 years from any possibility of drawing money, I am quite sure they will expend it all by then.

Sun, 09/04/2011 - 21:32 | 1632949 Bicycle Repairman
Bicycle Repairman's picture

Typically women outlived their husbands by about 8 years.  If a husband died, his wage ended.  Her support ended.  What would a woman do?  Vote for social security, that's what.

Sun, 09/04/2011 - 21:44 | 1632992 Rodent Freikorps
Rodent Freikorps's picture

All of these programs got started because they were a nice idea.

Unfortunately, the government runs them, so mission creep, cronyism and just plain old fraud turns them into never ending money pits.

Sun, 09/04/2011 - 23:55 | 1633272 GoinFawr
GoinFawr's picture

They still are 'nice ideas', and exist in a civilization near you, quite successfully too. Mostly  because they haven't been sabotaged by any  'gov't', yet, though I understand the process is well underway.


Sun, 09/04/2011 - 22:35 | 1633129 Lord Koos
Lord Koos's picture

Nice to know that this forum is not only full of jew-baiters 'n haters, but chauvanists as well.  Evil Social Security, it's the fault of women being able to vote. The amount of room-temperature IQ around here is amazing.

Sun, 09/04/2011 - 23:29 | 1633237 topcallingtroll
topcallingtroll's picture

women tend to vote for statist solutions and helping the poor and giving away OPM.  There is a gender divide here.

Sun, 09/04/2011 - 23:34 | 1633249 sun tzu
sun tzu's picture

blah blah blah racism sexism blah blah

Mon, 09/05/2011 - 01:44 | 1633504 dwdollar
dwdollar's picture

The '...ism' card is a good example of diminishing returns.  It just doesn't work anymore.

Mon, 09/05/2011 - 09:41 | 1634073 Max Hunter
Max Hunter's picture

ism, ism, ism, on the label, label, label, you will like it, like it, like it, on your table, table, table,,   Nice little jingle for those of you older than 40.. :)

Mon, 09/05/2011 - 00:00 | 1633315 linrom
linrom's picture

If you really want to know what's going on, stop reading ZH. There is only one blogger here: ILENE, that still caries his head on his shoulders instead between his legs and that includes almost ALL the TDs. If I was Brad Pitt I would file for trademark infringement. One thing is certain: Tyler Durden they're not.

Mon, 09/05/2011 - 01:15 | 1633464 sun tzu
sun tzu's picture

Why is your sorry ass here? Go pick up your welfare check

Mon, 09/05/2011 - 01:47 | 1633506 dwdollar
dwdollar's picture

It's paid to be here.

Mon, 09/05/2011 - 12:44 | 1634801 RSloane
RSloane's picture

He must be waiting on a ride.

Mon, 09/05/2011 - 12:43 | 1634797 RSloane
RSloane's picture

Ilene is our foreign correspondent with talkpointsmemo and balloon juice. Ilene doesn't carry his head - it floats in a shallow pool of red kool-aid.

Mon, 09/05/2011 - 10:51 | 1634377 Bicycle Repairman
Bicycle Repairman's picture

Lord Koos

First I'm not a jew-baiter, you piece of shit.  Second I merely pointed out that voting for SS is a rational decision for women.  Who, besides you, does irrational, dumb ass things?  Finally, I am a supporter of SS.  The fact that you are not aware of that tells me that you are a newbie with an air conditioned IQ.  STFU until you've read a little bit.  And then STFU.

Sun, 09/04/2011 - 22:53 | 1633166 kkam
kkam's picture

In traditional society before the breakdown of the family, the woman's security was her children, her family. As it still is (albeit fast eroding) in many Asian societies. Perhaps welfarism is the cause of the breakdown of the modern family structure, not its effect.

Mon, 09/05/2011 - 10:46 | 1634394 Bicycle Repairman
Bicycle Repairman's picture

Don't want to be pointly-headed here, but the assumption that something must be either a cause or effect is not always true.  Two words: feedback loop.

Tue, 09/06/2011 - 15:17 | 1639184 baltbear
baltbear's picture

Three mre words: unknown factors uncounted.


Sun, 09/04/2011 - 23:32 | 1633245 topcallingtroll
topcallingtroll's picture

The end of liberty came about when the property requirement for the vote was taken away in the 19th century and poll taxes were taken away in the 20th century.  If you don't have an ownership interest in a business then you don't give a shit if it is run into the ground just as long as you get something out of it.  The something for nothing mentality is what eventually kills democracies.

Alexander Hamilton said that if people without property were allowed to vote they would start voting to take away property from others.

Sun, 09/04/2011 - 23:35 | 1633253 sun tzu
sun tzu's picture

someone will accuse you of racism

Mon, 09/05/2011 - 01:06 | 1633451 Moneyswirth
Moneyswirth's picture

Or being a Tea Bagger

Mon, 09/05/2011 - 11:07 | 1634485 New_Meat
New_Meat's picture

Not that there's anything wrong with that.

Mon, 09/05/2011 - 05:58 | 1633663 Medea
Medea's picture

No, not racism. Just being a faux-nostalgic idiot.

Mon, 09/05/2011 - 10:48 | 1634401 Bicycle Repairman
Bicycle Repairman's picture

Depends on the definition of "property".

Mon, 09/05/2011 - 03:03 | 1633581 VWBug5000
VWBug5000's picture

My favorite quote from John Adams regarding a pure democracy and the repercussions of giving voting rights to non-landowners...

"Suppose a nation, rich and poor, high and low, ten millions in number, all assembled together; not more than one or two millions will have lands, houses, or any personal property; if we take into the account the women and children, or even if we leave them out of the question, a great majority of every nation is wholly destitute of property, except a small quantity of clothes, and a few trifles of other movables. Would Mr. Nedham be responsible that, if all were to be decided by a vote of the majority, the eight or nine millions who have no property, would not think of usurping over the rights of the one or two millions who have? Property is surely a right of mankind as really as liberty. Perhaps, at first, prejudice, habit, shame or fear, principle or religion, would restrain the poor from attacking the rich, and the idle from usurping on the industrious; but the time would not be long before courage and enterprise would come, and pretexts be invented by degrees, to countenance the majority in dividing all the property among them, or at least, in sharing it equally with its present possessors. Debts would be abolished first; taxes laid heavy on the rich, and not at all on the others; and at last a downright equal division of every thing be demanded, and voted. What would be the consequence of this? The idle, the vicious, the intemperate, would rush into the utmost extravagance of debauchery, sell and spend all their share, and then demand a new division of those who purchased from them. The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If "Thou shalt not covet," and "Thou shalt not steal," were not commandments of Heaven, they must be made inviolable precepts in every society, before it can be civilized or made free."

Mon, 09/05/2011 - 09:21 | 1633976 Don Birnam
Don Birnam's picture

Hear, hear.

Extremely well done.

Mon, 09/05/2011 - 09:59 | 1634176 Moe Howard
Moe Howard's picture

Thank you.

Mon, 09/05/2011 - 12:49 | 1634823 RSloane
RSloane's picture

"People just don't talk like that anymore."

Wed, 09/07/2011 - 12:47 | 1642437 GoinFawr
GoinFawr's picture

"... would restrain the poor from attacking the rich, and the idle from usurping on the industrious..."

Implies equating `poverty` with idleness, as if `idlers` never inherit property and there are no 'wage slaves'.

"...taxes laid heavy on the rich, and not at all on the others..."

Call me when we get somewhere near the ballpark.

"The idle, the vicious, the intemperate, would rush into the utmost extravagance of debauchery, sell and spend all their share, and then demand a new division of those who purchased from them..."

Hunh, that sounds familiar, but when describing certain executive officers, not the impoverished empowered with a vote.

Tue, 09/06/2011 - 15:20 | 1639198 baltbear
baltbear's picture

Then graveyards are the most powerful voting block.

 If I don't have the "liberty" to take your stuff, there is no "liberty."

  You might want the "freedom from fear" that your stuff will get taken,

 but that is not free.


Tue, 09/06/2011 - 15:20 | 1639199 baltbear
baltbear's picture

Then graveyards are the most powerful voting block.

 If I don't have the "liberty" to take your stuff, there is no "liberty."

  You might want the "freedom from fear" that your stuff will get taken,

 but that is not free.


Sun, 09/04/2011 - 22:17 | 1633067 erg
erg's picture

Somewhat related.

Aaron Russo while discussing a conversation with his then seeming friend Nick Rockefeller. (I paraphrase)

Nick: Why do you think that women's rights occured?

Aaron: I don't that woman could have career oportunities and make equal wages with men?

Nick: You're an idiot!

Aaron: Why am I an idiot?

Nick: Because the reason is that we wanted to double the people paying taxes. We also wanted the ability to seperate parents from their children earlier.


Mon, 09/05/2011 - 10:02 | 1634195 Moe Howard
Moe Howard's picture

I discussed this very thing with my wife, she failed to see it. I said to her: when were you happier, now that you go to work every day, day in, day out, year after year, or when you were home making meals for all of us, taking care of us all, teaching the children?

I think the answer is obvious. I would much rather work at home and be with my family than have some "career", and I am a man.

Welfare destroys families. Both parents working destroys families. Those things are clear.

Mon, 09/05/2011 - 12:00 | 1634658 FurQ
FurQ's picture

Surely allowing women into the workplace increases competition as you've doubled the potential employees for any job than otherwise and should increase productivity, also women are better than men at some things, eg. women fund managers on average have been shown to perform better than men in the long term, whereas men are better short term traders for obvious reasons of testosterone levels in men, low levels of risktaking in women. Its also a complete fallacy that women did not work before womens rights, just go to a developing country and you will see women working alot harder than in developed countries with greater rights for women, or just go into the countryside of some developed countries like in european countries. What has destroyed the family is an increasing acceptance of divorce and women behaving like men in their attitude to extra-marital affairs

Sun, 09/04/2011 - 21:09 | 1632887 Stuck on Zero
Stuck on Zero's picture

Good question about hanging on to the gold.  There are millions of Double Eagles rolling around in the coin collecting circuit.  I have a feeling ten million people hid their coin or two under the mattress,

Sun, 09/04/2011 - 21:30 | 1632941 Ahmeexnal
Ahmeexnal's picture

the Secret Service is still hunting down 1933 double eagles:

Sun, 09/04/2011 - 21:33 | 1632956 Bicycle Repairman
Bicycle Repairman's picture

It's a special circumstance, unmonetized gold coins.  Some things are sacred.

Mon, 09/05/2011 - 09:56 | 1634151 tamboo
Mon, 09/05/2011 - 18:32 | 1636067 DosZap
DosZap's picture


One would think they woul have far more pressing issues would they not?.

If they have this many extra's,maybe we could do without a few.

It's (why I know not) ceases to amaze me, the lengths that the Feds will go to, to prosecute even some of the most inane law breaking, over the monstrosities they commit within their own circles.( IRS is a bazing example).

Case in point, 'I got a letter from them last week saying I OWED them $773.00 from 2009,because I failed(my preparer did), to pay(include a early withdrawal on a CD).

What is so odd, is I LOST $884.00, on an early withdrawal from my own CD(interest lost).This was not an IRA, or a 401k disbursement.

This was TAXED money. I owe them nothing.( it was a loss to me).

Yet, they want me to pay them for IT!!!!!!!.

They are insane.

Sun, 09/04/2011 - 22:37 | 1633132 Lord Koos
Lord Koos's picture

Most people did not give up their gold, the program was a failure.  The not-so-rich hid theirs, the rich smuggled theirs out of the country.

Mon, 09/05/2011 - 00:30 | 1633380 RockyRacoon
RockyRacoon's picture

A large number of those double eagles were ones that came back from Europe.   It's not known what the percentage is, but it's high.   They made it to Europe legitimately in currency transactions and debt settlements.

Mon, 09/05/2011 - 17:38 | 1635939 DosZap
DosZap's picture

Stuck on Zero,

Most came from OVERSEAS........................

Foreigners bought them by the millions.

Sun, 09/04/2011 - 21:28 | 1632940 RafterManFMJ
RafterManFMJ's picture

<----False sense of security cum slavery ----------------------------------liberty--->

Mon, 09/05/2011 - 16:21 | 1635710 DosZap
DosZap's picture

Here's your FEAR bitchezzz...................

Look at the amounts they are dropping to.WHY would Switzerland be subject to any US laws on private soverign banking, and why did they ever give up their privacy laws(this is Unconstitutional in Switzerland to this day).

But, the BEAST keeps rolling.........................

Sun, 09/04/2011 - 20:40 | 1632789 ThePhysicist
ThePhysicist's picture

The only thing to fear is soclalist Democrats bent on enslaving our grandchildren with debt in order to keep the welfare state afloat.


Sun, 09/04/2011 - 20:43 | 1632808 MichaelG
MichaelG's picture

Assuming that includes welfare transfers to insolvent financial institutions.

Sun, 09/04/2011 - 20:46 | 1632820 SilverDOG
SilverDOG's picture

All parties serve the American corporate oligarchy. As if socialism is a remote factor beyond bribery for ignorance and conformity. Fool.

Mon, 09/05/2011 - 09:48 | 1634106 Max Hunter
Max Hunter's picture

Notice the Physicist said nothing about the trillions spent in chasing boogie men on the other side of the planet.. How convenient..

Sun, 09/04/2011 - 20:48 | 1632828 HoofHearted
HoofHearted's picture else would we be able to buy votes? saith the Barney Frank...

Sun, 09/04/2011 - 20:57 | 1632849 Edward J
Edward J's picture

Welfare in itself is not a bad thing (in fact, theres money to be saved by doing it).

However, the American approach to welfare is all wrong:

      - Medicare: Incredibly expensive medical care and medicine (Governments abroad fight to keep medical prices down - America, does not)

      - Food Stamps are privatised (Incentive to have more people dependant on it)

The whole system by design in the United States is intended to create MASSIVE debt for your government.

This inturn benefits the big corporations by allowing expanded access to incredibly expensive medical for the US populice (medical that is sub-par by international standards) and ensuring the US government is in constant debt.


Don't hate social security, hate those who seek to profit from it at your expense.



Sun, 09/04/2011 - 21:32 | 1632952 hivekiller
hivekiller's picture

Wrong. Welfare is a very bad thing. It promotes dependency and a sense of entitlement. It steals from the productive and gives to the unproductive. It promotes a coercive government and a never ending litany of demands from groups that they too are entitled to be given a free ride and protected from their own failings.

Sun, 09/04/2011 - 22:38 | 1633139 Lord Koos
Lord Koos's picture

It keeps the have-nots from burning the place down.

Sun, 09/04/2011 - 22:43 | 1633149 hivekiller
hivekiller's picture

Eventually you run out of money and they burn the place down anyway. The key is to establish from the get go what kind of country people are living in and if they don't like the rules they should move elsewhere. Socialism doesn't work. It never has and never will.

Mon, 09/05/2011 - 01:56 | 1633514 dwdollar
dwdollar's picture

"Eventually you run out of money and they burn the place down anyway."

Why is this concept so hard for people to understand? Is it something in their monkey brain that prevents a neuron from firing in order to arrive at this inevitable conclusion?  It's not rocket science.  It's basic logical reasoning.

Mon, 09/05/2011 - 10:09 | 1634237 Moe Howard
Moe Howard's picture

Emotion wants 2 +2 = happy, not 4.

Logic is not involved. Socialism will work, if we only just tweak it here and there. That is the religion of the sheeple.

Sun, 09/04/2011 - 23:37 | 1633261 sun tzu
sun tzu's picture

Yeah its working real well in Greece, Paris, and London

Sun, 09/04/2011 - 23:39 | 1633268 topcallingtroll
topcallingtroll's picture

Naah.  It just keeps me and others like me from shooting a bunch of have-nots carrying gasoline.

There have been many poor riots and insurrections in european history and only three revolutions that resulted from them.  Don't give the poor so much credit

Sun, 09/04/2011 - 23:01 | 1633183 kkam
kkam's picture

Exactly right, fully agree with hive. Welfarism removes the incentive for men to become self reliant. The benefits of welfare can and should be achieved by private charity. if society wants to help the poor and helpless, individuals should put their money / labour where their mouth is, not pass the buck to govt. Charity is not the government's domain.  

Mon, 09/05/2011 - 00:34 | 1633389 RockyRacoon
RockyRacoon's picture

It has been proven that Davey Crockett didn't really give this speech, but it's great nontheless:

Mon, 09/05/2011 - 07:55 | 1633721 Mike2756
Sun, 09/04/2011 - 21:18 | 1632876 DormRoom
DormRoom's picture

Learn your history.  It was the social Democrats that gave America 30 Golden Years, from the end of WWII to the late 60s.  Then the Republicans started the great debt bubble (partial reason why Nixon took  the USD off the gold peg.  The US couldn't inflate the debt bubble, if it was pegged to gold), to defeat the USSR.  The USSR was spending 30-40% of its GDP on the war apparatus, by the mid 80s, severely misallocating capital away from domestic issues, so it collapsed from within.   Much like America is now collapsing from within do to the growing divide between labor & capital.  


But by the time the USSR collapsed, the US was economy was dependent on continuous debt to sustain demand.  Enter Savings & Loans crisis.  Enter China.  Enter dot com bubble.  Enter real estate bubble.  Enter gold bubble.


Let's not forget what Eccles says of the great Depression, which foreshadowed our own Great Recession:

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth -- not of existing wealth, but of wealth as it is currently produced -- to provide men with buying power equal to the amount of goods and services offered by the nation's economic machinery. [Emphasis in original.]

Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. This served them as capital accumulations. But by taking purchasing power out of the hands of mass consumers, the savers denied to themselves the kind of effective demand for their products that would justify a reinvestment of their capital accumulations in new plants. In consequence, as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

That is what happened to us in the twenties. We sustained high levels of employment in that period with the aid of an exceptional expansion of debt outside of the banking system. This debt was provided by the large growth of business savings as well as savings by individuals, particularly in the upper-income groups where taxes were relatively low. Private debt outside of the banking system increased about fifty per cent. This debt, which was at high interest rates, largely took the form of mortgage debt on housing, office, and hotel structures, consumer installment debt, brokers' loans, and foreign debt. The stimulation to spend by debt-creation of this sort was short-lived and could not be counted on to sustain high levels of employment for long periods of time. Had there been a better distribution of the current income from the national product -- in other words, had there been less savings by business and the higher-income groups and more income in the lower groups -- we should have had far greater stability in our economy. Had the six billion dollars, for instance, that were loaned by corporations and wealthy individuals for stock-market speculation been distributed to the public as lower prices or higher wages and with less profits to the corporations and the well-to-do, it would have prevented or greatly moderated the economic collapse that began at the end of 1929.

The time came when there were no more poker chips to be loaned on credit. Debtors thereupon were forced to curtail their consumption in an effort to create a margin that could be applied to the reduction of outstanding debts. This naturally reduced the demand for goods of all kinds and brought on what seemed to be overproduction, but was in reality underconsumption when judged in terms of the real world instead of the money world. This, in turn, brought about a fall in prices and employment.

Unemployment further decreased the consumption of goods, which further increased unemployment, thus closing the circle in a continuing decline of prices. Earnings began to disappear, requiring economies of all kinds in the wages, salaries, and time of those employed. And thus again the vicious circle of deflation was closed until one third of the entire working population was unemployed, with our national income reduced by fifty per cent, and with the aggregate debt burden greater than ever before, not in dollars, but measured by current values and income that represented the ability to pay. Fixed charges, such as taxes, railroad and other utility rates, insurance and interest charges, clung close to the 1929 level and required such a portion of the national income to meet them that the amount left for consumption of goods was not sufficient to support the population.

This then, was my reading of what brought on the depression.


Sun, 09/04/2011 - 21:42 | 1632985 Rockfish
Rockfish's picture




as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

Sun, 09/04/2011 - 21:48 | 1633006 Rodent Freikorps
Rodent Freikorps's picture

It did help a bit that Europe owed us money, and had their industry blown to shit.

Sun, 09/04/2011 - 23:41 | 1633274 topcallingtroll
topcallingtroll's picture

the democrats didn't give us thirty golden years.  At the end of world war two we were six percent of the population but had 50 percent of the world's wealth.  Any moron could have run a country in that circumstance.  There was no competition, Asia being under the sway of Feudalism and communism and Europe in ruins. 

It has only taken us 65 years to blow it all.

Sun, 09/04/2011 - 23:41 | 1633275 sun tzu
sun tzu's picture

Learn your history. It was the destruction of Europe that gave America 30 golden years. Once European and Japanese industry was rebuilt, competition forced wages and profits down. Ford and GM got away with building shitty cars for decades because there was no competition. The Japanese put an end to that by the 1970's. The Democrats' Vietnam war bankrupted the treasury. The Arab oil embargo didn't help either.

Mon, 09/05/2011 - 00:42 | 1633402 linrom
linrom's picture

Few people know that Marinner S. Eccles, a conservative banker from Utah, was the brains behind the "New Deal." He was a real American Hero--a man who understood Keynes and knew how to put his theories into action. He was eventually sacked by Truman because Eccles favored rising interest rates at the end of WWII.

Mon, 09/05/2011 - 01:17 | 1633468 sun tzu
sun tzu's picture

FDR's raw deal was a terrific failure. Only WWII got us out of the depression

Mon, 09/05/2011 - 04:14 | 1633630 Central Bankster
Central Bankster's picture

Yes, I'm sure all we need is more spending.  You know, build a couple more lazers to fend of Krugman's aliens.

Mon, 09/05/2011 - 09:01 | 1633871 LetThemEatRand
LetThemEatRand's picture

You are wasting your time.  The narcissist "hate a liberal/kill a poor person, they're shit" crowd really are not concerned about facts or history.  They have one conclusion in life -- whatever they have they deserve, and poor people can just go fuck themselves and starve because they deserve what they (don't) have.  I once got into an argument with one of these people who wanted to take away public school because it is socialist.  She went to public school, but she got her benefit from it so everyone else could just go fuck themselves.   It's not a political movement, though it masquerades as one.  In reality, it is just a bunch of unfortunate people who cheer each other on as they justify their greed and self-absorbtion and utter lack of compassion for their fellow man.  They conclude that anyone who is not equally selfish, is "weak" and stupid and an evil "socialist."  Like-minded people will rally and support each other on this conclusion regardless of the facts you present in opposition.  

Sun, 09/04/2011 - 21:34 | 1632957 Bicycle Repairman
Bicycle Repairman's picture

It's only Democrats?  Wise up.

Sun, 09/04/2011 - 22:12 | 1633075 yipcarl
yipcarl's picture

seriously wise or WAKE UP.  


We have a One Big Government Party system. It has a Republican wing that likes war and deficits and assaults on civil liberties and a Democratic wing that likes welfare and taxes and attacks on commercial liberties. It doesn't care about your freedoms because in exercising them you are an obstacle to its power. And it will do anything to stay in power. - Judge Andrew Napolitano

Sun, 09/04/2011 - 23:47 | 1633288 sun tzu
sun tzu's picture

Most wars were started by the democrats

WWI - Woodrow Wilson


Korean War - Truman

Vietnam War Kennedy-LBJ

Bosnia War - Clinton

Libya - Obama

Assault on civil liberties? How about hate crimes, thought crimes, and groping by the TSA?

The neocons are scum too, but don't think for a minute that the democrats are anti-war or want to protect your civil liberties. They are pro-war when it comes to their wars. Look at the huffpo website to see all the "anti-war" left cheering on the bombing of Libya and demanding war with Pakistan. 

I didn't bother to vote the last few times because I can't vote for the lesser of two evils anymore. McCain is scum. 0bama is bigger scum. I can't support any scum

Mon, 09/05/2011 - 00:23 | 1633366 yipcarl
yipcarl's picture

I agree, I didn't say it but it's more true than most of what you hear.  RON PAUL.  Last hope for me. 

Mon, 09/05/2011 - 10:45 | 1634384 LetThemEatRand
LetThemEatRand's picture

Anyone who still believes the two parties in the U.S. are truly different, needs to have their heads examined.   The corporatists have owned this country for a century.

Sun, 09/04/2011 - 20:42 | 1632799 trade the day
trade the day's picture

Depression part deaux bitchez

Sun, 09/04/2011 - 21:01 | 1632803 hedgeless_horseman
hedgeless_horseman's picture

Look in my eyes
What do you see?
The cult of personality 

I know your anger, I know your dreams
I’ve been everything you want to be
I’m the cult of personality
Like Mussolini and Kennedy
I’m the cult of personality
Cult of personality
Cult of personality

Neon lights, a Nobel prize
The mirror speaks, the reflection lies
You don’t have to follow me
Only you can set me free
I sell the things you need to be
I’m the smiling face on your t.v.
I’m the cult of personality
I exploit you still you love me

I tell you one and one makes three
I’m the cult of personality
Like Joseph Stalin and Gandhi
I’m the cult of personality
Cult of personality
Cult of personality

Neon lights a Nobel Prize
A leader speaks, that leader dies
You don’t have to follow me
Only you can set you free

You gave me fortune
You gave me fame
You me power in your god’s name
I’m every person you need to be
I’m the cult of personality

The only thing we have to fear is fear itself.

Sun, 09/04/2011 - 21:02 | 1632864 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

The Nobel Prize line is almost chillingly prophetic ain't it?

Sun, 09/04/2011 - 21:15 | 1632896 hedgeless_horseman
hedgeless_horseman's picture

The [Teleprompter] mirror speaks, the reflection lies

Sun, 09/04/2011 - 21:15 | 1632904 Zgangsta
Zgangsta's picture

CM Punk for President?

Sun, 09/04/2011 - 21:29 | 1632944 snowball777
snowball777's picture

"We were talking about the cult of personality around Ronald Reagan, so it's always weird when people talk about the Age of Obama and 'Cult of Personality' and the Cult of Personality around Barack Obama," explains Glover.

Sun, 09/04/2011 - 21:53 | 1633027 Rodent Freikorps
Rodent Freikorps's picture

The MFM's adoration of Barry effectively gives him a state controlled media.

And the word still got out he's not very good at anything.

Sun, 09/04/2011 - 22:01 | 1633050 snowball777
snowball777's picture

Yeah, they love him on Fox and at the WSJ, that's why I see him doing interviews with them so often. LOL

Yes, MSNBC are shameless cheerleaders. but make no mistake, Barry and the media are both controlled by multinational corporations.

Sun, 09/04/2011 - 22:06 | 1633059 Rodent Freikorps
Rodent Freikorps's picture

One cable news channel and one newspaper ain't exactly equal time.

Not that the proles watch any news much.

Sun, 09/04/2011 - 23:32 | 1633246 snowball777
snowball777's picture

I don't suppose you've heard of a little thing called conservative talk radio?

They've got millions of friends, Romans, and countrymen's ears.

Sun, 09/04/2011 - 23:41 | 1633276 Rodent Freikorps
Rodent Freikorps's picture

That is because they can turn a profit doing it.

I think it is because real producers are working, so radio is their entertainment option at work.

There is just no market for national Lib talkers. The bs becomes apparent too soon. Plus, with NPR, all the Lib zombies who do listen to radio, are already covered.

Mon, 09/05/2011 - 08:58 | 1633862 snowball777
snowball777's picture

"Real producers" don't get to listen to the radio while they work...and most of them wouldn't understand the English anyway.

Rush is better heard than seen, I'll grant you. Anti-pacification for conservative zombies is big bucks though...just not big enough for TV, I guess.

Mon, 09/05/2011 - 00:48 | 1633412 Calmyourself
Calmyourself's picture

Which in my neck of the woods are being moved to shitty AM frequencies that effectively halve or less their audience no explanation given...  MPLS..  Yeah Snowball radio which is on only during the workday when Joe sixpack is (hopefully) working has so much power, you keep telling yoruself that is why Dear Leader is failing..

Mon, 09/05/2011 - 08:55 | 1633847 snowball777
snowball777's picture

LOL you think I have a horse in this race?

you keep telling yourself dear leader is why you are failing.

Sun, 09/04/2011 - 23:49 | 1633292 sun tzu
sun tzu's picture

I don't remember people fainting and crying at Reagan speeches. Nobody compared Reagan to the second coming of Jesus

Sun, 09/04/2011 - 22:52 | 1633164 caerus
caerus's picture

vernon reid bitchez

Sun, 09/04/2011 - 20:44 | 1632809 ZeroPoint
ZeroPoint's picture

With only 2% of investors owning gold & silver, the only thing confiscation does is try to stop a gold standard. This time around, there no new Federal Reserve to create. What the fuck good would it be?

Sun, 09/04/2011 - 20:51 | 1632833 knukles
knukles's picture

Last time around it was to abolish the gold standard.  Already been accomplished. 
All the Fed's gotta do is give the bubbleheadsiloconies on CNBS something shiny every once ina while to keep 'em from talkin' about gold and voila, the world quits focusing on it.

I mean, come on, like those of us who come here are not died in the wool CNBSers nor are committed CNBSers likely to believe a hoot of what's said around here, either.  Remember, we're the nut cases, not them as far as they're concerned.

Ya'll ignore us and it'll be like we gone away now, ya hear?

Sun, 09/04/2011 - 21:06 | 1632878 Bobbyrib
Bobbyrib's picture

It would eliminate competition. If people couldn't transfer wealth out of fiat, they would be forced to live with a manipulated currency, that is bound to collapse.

Sun, 09/04/2011 - 20:45 | 1632814 Corn1945
Corn1945's picture

The irony here is that the welfare state virtually guarantees the government will have it's hands full with tens of millions of people who can't work, feed, or clothe themselves. I highly doubt the government will have the ability to confiscate gold this time around when they are overwhelmed with rioters and looters. (What else is going to happen when the 44 million food stamps recipients don't get a check?) They can pass all the taxes and laws they want but you need money to enforce them.

Sun, 09/04/2011 - 20:51 | 1632834 Corn1945
Corn1945's picture

And this time around no one even owns gold or silver. There is nothing to confiscate! It's not even worth talking about.

Sun, 09/04/2011 - 20:54 | 1632848 OrestesPenthilu...
OrestesPenthilusQuintard's picture

That's why they have the FEMA camps - oh yeah, and for us too.

Sun, 09/04/2011 - 21:38 | 1632973 Bicycle Repairman
Bicycle Repairman's picture

Keep good order and you won't be troubled.

Sun, 09/04/2011 - 21:32 | 1632951 oldman
oldman's picture


I trust that you will not expect the rioters and looters to come down on your side. could be some ugly times ahead

respectfully      om

Sun, 09/04/2011 - 21:57 | 1633036 Rodent Freikorps
Rodent Freikorps's picture

Rioters and looters have a side?


Sun, 09/04/2011 - 20:45 | 1632818 Thomas
Thomas's picture


Sun, 09/04/2011 - 20:47 | 1632822 Botox4U2
Botox4U2's picture


Please spread this sign all over the net so it can be used by everyone in the next election

Sun, 09/04/2011 - 20:51 | 1632832 HoofHearted
HoofHearted's picture

So long as that spare change is pre-1965 dimes, quarters, halves, and dollars...I can believe in it.

Sun, 09/04/2011 - 20:50 | 1632830 Moe Howard
Moe Howard's picture

FDR was a cocksucker who finished what Wilson started - the destruction of the Republic.

Sun, 09/04/2011 - 20:52 | 1632840 HoofHearted
HoofHearted's picture

Woodrow Wilson was a cocksucker who started what FDR eventually finished.

Sun, 09/04/2011 - 21:38 | 1632971 pods
pods's picture

Well at least Wilson had his come to Jesus moment when he reflected turning over the reigns of the republic to the oligarchy?


Sun, 09/04/2011 - 23:52 | 1633296 sun tzu
sun tzu's picture

Hitler might have had a come to Jesus moment too right before he shot himself. A lot of good that did

Mon, 09/05/2011 - 00:10 | 1633339 pods
pods's picture


Mon, 09/05/2011 - 01:38 | 1633497 trav7777
trav7777's picture

over what, Stalingrad?  He sure as shit wouldn't have regretted trying to rid the nation of the confetti class that had pushed it into starvation

Sun, 09/04/2011 - 20:51 | 1632837 SuperRay
SuperRay's picture

Max keiser has an RT piece on his site right now demonstrating why the US and Nato went after him - he wanted to introduce a gold standard in Libya and in the muslim world generally. guess the only thing we have to fear is....

Mon, 09/05/2011 - 08:12 | 1633742 GCT
GCT's picture

Bingo Superray wins the prize.  Quaddaffi was indeed making a Pan-African gold coin and was going to introduce it in Africa.  We went to Libya because Quaddaffi sent France and Briton an official message that he would only trade his oil for gold.  France and Briton attacked one week later.  They were running out of bombs lol so of course good ole USA stepped in to help. 

You see France and Briton cannot use the heavy crude, they cannot refine it, they need light crude. 

Sun, 09/04/2011 - 20:51 | 1632838 digalert
digalert's picture

talking heads


And you may ask yourself
How do I work this?
And you may ask yourself
Where is that large automobile?
And you may tell yourself
This is not my beautiful house!
And you may tell yourself
This is not my beautiful wife!

Sun, 09/04/2011 - 21:08 | 1632882 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I miss the honky tonks,
Dairy Queens, and 7-Elevens

Don't leave me stranded here
I can't get used to this lifestyle

Sun, 09/04/2011 - 21:32 | 1632946 snowball777
snowball777's picture

Take a walk through the land of shadows
Take a walk through the peaceful meadows
Try not to look so disappointed
It isn't what you hoped for, is it?

Sun, 09/04/2011 - 21:32 | 1632948 X.inf.capt
X.inf.capt's picture



Sun, 09/04/2011 - 22:29 | 1633116 Race Car Driver
Race Car Driver's picture


I see the states, across this big nation
I see the laws made in Washington, D.C.
I think of the ones I consider my favorites
I think of the people that are working for me

Some civil servants are just like my loved ones
They work so hard and they try to be strong
I'm a lucky guy to live in my building
They own the buildings to help them along

Sun, 09/04/2011 - 20:52 | 1632841 reefermadness
reefermadness's picture

The only thing to fear is fascist Republicans who have ripped us off of 16 trillion dollars and created the police state. How convenient you Capt American Tea Party fools forget. Fuck your partisan bullshit.

Sun, 09/04/2011 - 21:10 | 1632888 SRV - ES339
SRV - ES339's picture

Don't worry Reef, they'll get theirs once they finally get their way and remove the social safety net (which by the way is in place all non 3rd world countries, but don't tell the zealots who believe looking after the less fortunate is something only whacked out US Dems could support) and the rabble start knocking at their doors to take what they want... won't that be fun... god I hope it's televised!

Sun, 09/04/2011 - 21:18 | 1632912 disabledvet
disabledvet's picture

you'll definitely be able to watch on your computer! just be careful: you may end up watching yourself get robbed too!

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