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More like Armageddon Can-Kicking.
Bush's fault!
The cost of delaying armageddon.
Looks like a bubble!
Federal Reserve link for balance sheet:
http://www.federalreserve.gov/releases/h3/current/h3.htm
Where are deficit and fed bal sht futures traded ?
I'm not sure if this was secretly filmed at the SEC, the CFTC, the DOJ or the FRB..
http://www.youtube.com/watch?v=9ZlBUglE6Hc
This is a result of multiculturalism. Pure and simple. Man, how obvious does it have to get that multiculturalism has failed for these idiots to WAKE UP. This is serious. We need to take our country back NOW before it’s too late. Vote Ron Paul in 2012!!
Hey, Multiculturalism works for Quebec, right? Wait, no, they want to secede. Never mind....
Armageddon was not avoided. The banks were bailed out.
Now Armageddon comes to Joe Six Pack.
Evidently you could not read the Memo.
The banks paid the money back. With profit and interest to the US Taxpayer.
Outstanding are the losses created by the dead beats who defaulted on their promises to pay their home loans to Fannie and Freddie.
And losses created by the union plundering of the auto companies.
It's not the banks. It's you and your neighbor. When will the plundering end?
In order to be an effective troll for the Establishment powers, you need to be much less obvious and quite a bit more subtle. Instead of trying to feed us outrageous bullshit that anyone with 1/34th of a brain can clearly and immediately see is crap, you need to start out by gaining our confidence, then posting intelligent and truthful information followed by or mixed with half-truths and devious disinformation. Then, when you finally end up being challenged by those not pushing an agenda, you have to cry "personal attack!", with subsequent futher misinformation, misdirection, evasions and disappearances. Believe me, I have seen the pattern often enough here --- the playbook is not really that complicated. Didn't they teach you ANYTHING in troll school?
EDIT: What the Hell has just happened here on ZH? My "Tracking" list within my user profile is suddenly gone --- has anyone else seen the same thing happen? How the Hell are we now supposed to follow new comments in any of the threads, short of clicking on and plowing through them one at a time? If this is some new "improvement" to this site, then somebody really fucked up --- this site, or at least the comments sections of each article, will have just been effectively killed if that is the case!
akak said:
Such is the eternal nature of shilling banksterism.
Same here. It must be a blobbing up of technical fuckery.
I am blaming Quadratic Monocot Enhusked Endospermism.
You are correct in doing so. The conspiratorial ties to Elliptical Dicot Racemic Polyploidism are well established. The proof is in the coconutism.
Whose nature is eternal.
Make me laugh!
Augustus works at SockComm, or along with RoboTard in the bowels of the mail room @ Bank of Amerika.
That explains their defiant and boastful ignorance.
Avoiding armageddon is a real war effort.
After the debt bubble was blown by the banks and their captive central banks, the banks were bailed out by the central banks and the central banks and GSEs now hold trillions of dollars of trash.
Now the debtors (Joe Six Pack) get crushed.
+1 /sarc
I agree, Armagedden wasn't avoided, just delayed. The price for delay will be 10x the economic pain.
Reggie Middleton would not approve.
Multiculturalism works in Quebec....you are f'ing kidding? the majority of "French" immigrants make a bee-line straight for Toronto foresaking "La Belle Province". Next referendum should be if we want Quebec in to be part of Canada.... will never happen as everyone already knows what the outcome will be......
Wow.
Normally I dont log on when im out and just scanning threads on my phone, but your comment is just so incredibly disgusting.
If you're going to troll, then troll.. but if you include Ron Paul's name in every single troll post you make then it's going a bit deeper. A smart fellow ZHer asked if a husband calls his wife fat everyday, how long until she starts believing it?
You're scum and youre not fooling anybody.
agreed. this scum along with michael and econ1996 cheapen zh on daily basis.
There are approx 666 Govt Sock Puppet Trolls that have popped up on ZH in the last month or so.
At least they're easy to ID quickly since they're as stupid as the Costco Greeter in Idiocracy.
"Welcome to Trollco. I love you."
Sponsored by Carls Jr.
So this is the new way paid traitors are trying to usurp Ron Paul's obvious popularity, huh? Act like a Ron Paul supporter and, not unlike the treasonous bill-appproval process currently employed by the CON-gress, bury within that support falsehoods about his positions. You fail, along with your comrades, to realize that only the most asleep person would take your comment as the basis of their opinion of Dr. Paul... but those sleepers are already YOUR BASE!!! Pure stupidity and waste of human life.
I forgive you for your sins and treasonous acts, simply because you are clearly desperate for the money or under threat. But I cannot suggest that the angry patriots soon to take back this country will feel as forgiving as me.
you cannot seriously think that these trolls would be getting paid (by some govt. agency) to convince you guys that thier ideas of fiscal policy etc is the right way? your heads are so far up your ass you couldnt tell the difference between your throat and your colon.
Butthurt liberal is butthurt.
BP is an obvious TROLL- everyone on ZH can recognize his filth... the problem is that the general public may not... and like the other post- the geral public may start to believe the continued lies by the media trolls that BP represents.
BP IS NO PATRIOT- IT IS A TRAITOR!
Yes, it's a shame visitors can't see Up and Down votes.
You
Are
A
Complete
And
Utter
Piece
Of
Shit.
Begone.
@ Born Patriot
Does the Troll want a cookie ?
Feign relevance elsewhere...
Symbol: AAPL
GLD
I regret to admit that I feel no sympathy for anyone caught in the next equity big wave down; they're just junkie gamblers.
It only took about 5.5 trillion siphoned off from taxpayers (present and future) to get the U.S. equity indexes back to their nominal 1999 levels (which is approximately 40% lower in real terms; not accounting for adverse tax consequences, survivorship bias, or the oh-so-stealthy ways they have re-jiggered the indexes, to remove bankrupted, vaporized tickers, like GM, where one would have lost all if holding to zero hour).
Good luck at the casino with the worst odds to have ever existed in the history of the world, degenerate gamblers.
And what would you encourage as a profitable venture?
Some nice little robbery in the Middle East to get even more Arabs to unite against the USA. To quote Peter Gabriel: "You can blow out a candle, but you can't blow out a fire; once the flames are catching on, the wind will drive it higher…" (if my memory is still working).
The only things that really unite the Arabs are camel roasts and plugging young boys. Occasionally they will also form bands to capture and enslave some neighbors.
Lame, Bubba, just fucking lame. Why go through the motions if you're not even going to try?
Augustulus, vipera est, illegitimus maximum est, et non vale anus rodentum est.
"Veni, vidi, trolli"
@ Augutless
really...?
Providing goods and services that are genuinely needed and of inherent value to people who can't provide such goods or services for themselves is always a great thing.
You know; that old "you have something that someone else wants or needs, and they have something that would like or that you need, so you agree on a price that each thinks is reasonable, and exchange it for said good or service."
Voila!
I totally agree to an extent. What of the people who did this and thought they earned the ability to retire in comfort with a diversified portfolio and the desire to live off the interest of short term notes.
For many starting a business just isn't practical i.e. 85 year old Grandma in the nursing home.
That's where retirement planning in the form of savings and sound investing (sorry, but I absolutely do not believe any credible person could argue that placing one's capital into markets as manipulated as the current equity or bond markets is sound) comes into play, but I do realize:
a) few people do this in a nanny state;
and
b) even for those who were relatively responsible and forsaked consumption to saved what a prudent person thought would be enough for retirement, The Bernank is like the Honey Badger and just doesn't give a shit, and tore all prudent expectations to shreds (until Mr. Market, which is an 800 pound Gorilla that will end up stomping The Bernank, comes into play).
Passbook savings for retirement? At 0.00001% interest while inflation is, even taking the feds at face value, 3-4%? Do I look like a chump?
The only limitations on your retirement investments come from the tax code as is relates to the custodial restrictions on your IRA or 401(k).
I got tired of watching mine lose value by sitting in cash (although I did make a few bucks playing with GLD and CEF). However, the ZH reports of re-rehypo of gold, etc scared the piss out of me.
I finally found a way out. I set up my own LLC and found a custodian for it. Now I have total liquidity and am in the process of buying hard assets with my retirement funds. It takes a little work but for those of you stuck in a shitty selection of Vanguard MFs and MMs, it is well worth the effort.
If the SHTF, I will soon be able to LIVE insided my 401(k) -- albeit illegally... Not sure that would meet the self-dealing standard but, really, if the SHTF, who cares? Until then, it will rent for over $2,000/month.
2/3 of the world's population lives on $3/day or less (and those in the 1/3 group live off of the 2/3).
Throughout human history "retirement" has only been a recent concept. And, as my first sentence notes, it's only been a limited one: of the 1/3 I'd bet that it really comes down to but a very small fraction that actually retires. If one were to only hang out at a nudist colony one might come to believe that the entire world is naked.
As a kid, in the 60s, I remember the statistic that the average civil servant only lived 1.5 years after retirement at age 65 (the average was higher for those in the private sector).
Seems like that might have changed somewhat to today.
That's why Grandma is supposed to live with her family, who should take care of her. This worked for thousands of years in stable societies. Look what we have now:
Haven't you heard? Human beings have been delegated to the cheapest and most disposable commodity of all.
Power is the new god.
Some think that wealth and money are the new gods, yet those things are merely two of many tools in the toolbox that is used to obtain power in an immoral world.
This is the unfortunate, lesson of morally depravity, that is a recurring one, throughout all of human history.
Where you born into a Muslim family, or did you convert?
WTF are you incoherently babbling about SockPuppet?
Assuming arguendo, that I did belong to any organized religion (which you'll never know...na na na na nahhhh), is that supposed to be some sort of insult?
Go back to wanking to your taxpayer paid for pedo-porn, SockPuppet.
I am Shiva; Destroyer of Worlds, bitch.
.
He's a lame fuckhead. I've seen spammers put more creativity and effort into a post.
I totally agree to an extent
how does that work exactly? You either agree totally or to an extent, but not both.
yeah tell that to Bernank and the Obummer as they destroy markets with fake fiat -- oh wait that's an oxymoron of quite some magnitude....
How about the "High Yield CDs at 0.09%?"
This is why even Boomers who saved are getting punked. Those who did not suffer even worse I'm afraid. Cat food is getting expansive.
And what would you encourage as a profitable venture?
buying gold
WTF, shuckster, you have a flaw in your algorithm, and are asking the same things multiple times, SockPup bot.
You mean a "muppet"?
No. Muppets are dumb money (or masochistic) buyers of Goldman's bullshit.
SockPuppets are government bots that get taxpayer money to babble incoherently as some sort of bizarre disinformation-spreading campaign. Luckily, being the well-below average intelligence individuals who take government jobs, they tend to eat Doritos and surf the web for porn most of the day, however (as the SEC has proven).
Revealed: US spy operation that manipulates social media
SEC Pornography Problem: Employees Spent Hours Surfing PornSHuckster/troll/douche
It's called work. Buy a piece of ground and grow something. It has worked for millennium. It is how I and millions others around the globe make a living. Yes, you might get dirty. Man up asshole.
No lie, I am more successful with poker and bj than any of these rigged markets. The next crash will be the end. Generations X and Y will not Want to support this or be able too with burger flipping careers.
I hope 'bj' means blackjack...
It pained me to have to hint for you to clarify, but you know...the morally depraved human condition such as it is these days...
...one never can be too careful.
Actually, now that I think of it, you may want to include the game of cards, generally, in your statement, even as it related to "poker."
Liquor in the front. Poker in the rear. Or is it the other way around?
[It only took about 5.5 trillion siphoned off from taxpayers (present and future) to get the U.S. equity indexes back to their nominal 1999 levels...]---TruthInSunshine
I haven't posted but once in the past 5 months. Though I'm still here reading daily.
I had to log-on tonight just to post this thank you. WELL DONE INDEED, TIS.
Thank you.
If Japan can do, we can do it.
Keep the raising the debt ceiling, and keep interest rates at or near zero.
What can possibly go wrong...???
S&P down 10% in nominal terms. In real terms its gotta be 25% or more.
a lot more than that.
Don't tell Jeremy Siegel that or he may suffer an aneurysm. His models of historic equity market returns have a built in assumption that General Motors holders of pre-bk GM shares (or literally thousands of other companies that went to $0) sold their shares at GM's all time high and rolled their money into Apple at its all-time low.
Looks like this is bullish... time to RALLY! BUY BUY BUY!
http://www.youtube.com/watch?v=U6stDUCFpWs
Trust me...this don't change a thing.
The cost of delaying Armageddon.
Yes, correct.
They're delaying Armageddon by stealing wealth from the economy and people, giving it to Wall Street banks, keeping them afloat as their huge debt investments collapse in value.
US treasuries is the only debt paper holding its value. All other debt paper, sovereign, municipal, corporate, private, is losing value rapidly. Because (a) there's too much of it, it's flooding the market, and (b) the issuers have no hope of ever paying it all off.
The debt bubble is the last big Wall Street investment bubble, and it will collapse just like every other bubble has collapsed.
An investment bubble is a ponzi scheme. This last big Wall Street investment bubble is a huge ponzi scheme, and it's gonna collapse just like every other ponzi scheme collapses.
It collapsed in '08. Trillions of dollars of debt paper held by Wall Street banks lost most or all of its value, putting those banks in deep insolvency.
The trigger of the collapse was the huge mortgage-backed securities (MBS) market. In late '07 the 6 year housing bubble ponzi scheme started collapsing. By Sept '08 the government and Wall Street and news media ran out of lies to keep the housing bubble ponzi scheme going, and huge trillion dollar MBS portfolios held by Wall Street banks collapsed in value nearly overnight.
But the Fed printed mountains of currency, bought trillions of dollars of nearly worthless MBS (at full par value) from those banks to clean up their balance sheets and make them solvent again.
Then other debt markets started collapsing from ripple effects of the housing ponzi scheme collapse, and the Fed had to print mountains more currency and buy trillions of dollars of other near worthless debt paper from Wall Street banks to clean up their balance sheets again.
Now the huge sovereign debt ponzi scheme is collapsing, and it's way bigger than the MBS collapse. Once again the Fed comes to the rescue with boatloads of printed currency to buy near worthless sovereign debt paper from those same Wall Street banks (at full par value).
With America's economy now in full collapse and tax revenues dropping, the government is having to borrow way more money to keep operating. Once again the Fed comes to the rescue reducing interest rates to near zero along with printing boatloads of currency to buy $150 billion of new treasury debt hitting the market each month.
They may be buying it through proxies to hide what they're doing, but yes, the Fed is printing currency and buying it one way or another, because nobody else is buying it. QE hasn't stopped. It's going right along.
All this currency printing to buy collapsing debt paper is flooding the world with US dollars, and the US dollar is losing value rapidly now. Since '07 the US dollar has lost 40% of it's value, and prices are rising rapidly to compensate for it. This is why groceries and gas (and gold and silver) are rising in price so rapidly. The US dollar is losing value rapidly.
The US dollar is no longer a good place to keep your wealth. Any wealth you've had in US dollars since '07, you've lost 40% of it. Any US dollars you've kept under the mattress, or in a bank account, or bank CD, or money market fund, or brokerage account, or anywhere else you have US dollars tucked away, have lost 40% of their value.
If you haven't had a pay raise in your job since '07, you're working for 40% less now. The dollars in your paycheck have lost 40% of their value.
Thankfully your mortgage payment hasn't gone up. But everything else has, property taxes, utility bills, groceries, gas, school tuition, pretty much everything else has gone up nearly 100% since '07.
The massive sovereign debt bubble, far bigger than the MBS bubble, is the last hurrah for Wall Street. When it collapses, that's it, game over, because US Treasuries will collapse, the US dollar will collapse, and America will collapse. Both the Fed and Wall Street will implode, along with the US government, then the entire nation.
Yes, those sick psychopathic Wall Street bankers will bring the entire nation down in their insane pursuit of paper profits.
But maybe it's not insanity. Maybe it's the plan. Loot America dry. Print all the currency they can, steal all the wealth they can, until the dollar collapses (and America collapses).
Everything they've done since '08 fits that pattern.
So yes, looting America dry might just be the plan, and printing currency and giving it to Wall Street banks under the banner of "recapitalizing them" (over and over again) till the currency is worthless is how they would do it. It's the easy way to steal people's wealth without them even knowing it's happening ...and they've already stolen 40% of people's wealth since '07.
ZeroHedge gives us great blow-by-blow reporting as this massive looting plan unfolds, but ZeroHedge avoids saying what the overall plan is, preferring instead to parrot the lame view that Bernanke and Wall Street are a bunch of clueless incompetents trying to fix the economy.
Bullshit. They're not interested in fixing the economy.
They're trying to loot it dry.
And weather has been good and bad too!
Debt Slaves R Us.
Armageddon 'Avoidance' looks more expensive than Armageddon
Can we have Armageddon next time up
Thank you so much
LOL!!! : )
@SilverIsKing
"Mission Accomplished"
WRONG! Delay "there's nothing more important in a time of war than to cut taxes."
With America, it's always a time of war, even without any formal declarations.
Nixon's fault.
I'll let Bob Thompson do the rant:
http://drinkingwithbob.com/?p=522
Just makes for a louder boom..
Whats the alternative when there is a worldwide labor glut and good jobs (outside USA/EU) are paying $25/day for 12 hours/day, 6 days per week w/o benefits. Fox conn employs 1.2 mm people who work like slaves for these wages. No company will ever establish manufacturing in the highest cost most regulated countries w/o Govt subsidies. So we are left with subprime lending to millions of young people so they can have a "college experience". In the US we lend to millions with no assets and most with no hope of ever paying these loans which now total nearly a trillion dollars. Most of the students with loans are forced back to live with their parents facing a different form of salvery. America we have a real problem with no real alternatives
Nonsense.
A slave is someone who must work on an involuntary basis.
Workers at Foxcom can quit any time they want to leave.
In fact, the "terrible working conditions" are so bad that thousands line up to get jobs there.
It evidently is much better than herding ducks or growing garlic.
Go buttfuck your face, you sniveling poltroon.
AugustusSockPuppetv2.07, you're the worst troll in a long while, so I hope you will entertain us and stick around.
You are so correct that thousands line up to work at Foxconn because it's such a wonderful experience, rather than the consequence of Chinese Government policies and demographics which act to subsidize multinational corporations' labor costs, despite creating less than dignified or even safe (to put it mildly) working conditions for Chinese workers who have few options to feed themselves and their families.
You can debate the appropriate intersection of labor and wages all you want, Sock Puppet, but do not think many here will buy into your idiocy that wages or working conditions at Foxconn or any Chinese company are the result of anything other than centrally planned economic policies, predominantly (as opposed to equilibrium of wages/working conditions that a free market would set) as means for China to become and maintain its role as the globe's factory.
...and fuck off for hating on garlic growers.
One Chart? How about food storage? Ammo? Farmland? Where is that story?
How about public pension funds ? CalPers made a measly 1.1% in 2011......only missed their target by 6.4 clicks
http://blogs.sacbee.com/the_state_worker/2012/01/calpers-investment-returns-down-in-2011.html
Shhh.... your not supposed to mention that. It upsets the baby boomers in the room.
Just turn on Matlock - they'll settle back down.
From Krugman with love: We need to borrow more to spend more.
If we just keep digging, we'll get out of this hole eventually.
... in China.
Beatings will continue until morale improves.
I feel it coming on. I feel the word forming in my brain. I sense it making its way to my fingers, about to be typed on my laptop keyboard.
Get ready for it. Here it comes...
Bullish!
I think you meant to say:
Bullshit
Missed it byyyy that much..
LOL. Actually, it is. Clearly we have opted for the "nuke me" option.
Explosive growth of gov deficits, gov debt, and Fed Res balance sheet...if only there was some way to take a bet that madness would continue and intensify, oh wait there is.
what bet is that ?
phyzz ag and au, beetch.
And some good diving gear for the lake when it goes for a swim
Avoidance implies escape and prevention.
There is no avoiding the inevitable.
Just running to the back of the cage. Thats supposed to make you feel safer---till they throw the cage into the pond. glugg, glugg.
Well. The two of you just managed to sum up how I have felt for years in a couple of sentences. Amazing. Welcome to the back of the cage.
I love it when charts attack.
Coming to Discovery Channel this summer: Chart Week
You're gonna need a bigger boat.
http://www.youtube.com/watch?v=67p4hS6vyD8&feature=related
Charts like this are racist .
Pfthwpt!
I've got it from here junior
Charts missing something...
Govt. BS up 93%
THIS we can manage. The 250 Trillion in derivitives...not so much.
Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposurehttp://www.zerohedge.com/news/five-banks-account-96-250-trillion-outstan...
But but but the government made 77 billion dollaas in profits on FED operations in 2011 alone.
The Messy Ugly Pathetic Cost of maintaining the American Status Quo.
You mean keeping the government controlled by the republicans and democrats.
There is no free market as long as these shats are in charge.
Ah, come on, you know everything is getting better. Ben, Timmy and O says so. If we can't trust them, who can we trust. LOL
and lovable Uncle Warren and that nice Larry Kudlow, and Jim Kramer.
I want to puke, how are they getting anyone to believe this crap.
Charts, bitchez!
If you follow www.usdebtclock.org, the budget deficit is close to 11 percent of GDP, which is between 1.6 to 1.7 T USD. I think 1.2 T is too conservative a figure. The deficit could soon hit $2 Trillion and never fall back. And that will be what breaks the camel's back.
I seem to remember the same thing being said about passing 200 billion in the 80's. same as it ever was (until it isn't?)
Nominal GDP today isn't ten times what it was in the 80s. These numbers are way worse.
Back then Japan was ready to finance, China hadn't even gotten started. Whole nuther game now. There aren't enough savings in the world to finance these deficits.
I like the chart, simplistic, short, in color.
Although my fellow Americans will still not understand it.
Unless it's got a number to call on it to vote for your favorite dancer then no...Americans won't understand it.
More deficits! Quick!
more cowbell
plus 5 for the cowbell, Don't fear the reaper.
+5 for the Blue Oyster Cult reference.
Don't fear the reefer! ;)_s
To infinity and beyond!
Failure to understand exponential equations and what that means for the limits of growth in the real world.
Well as long as the argument isn't a positive Real number....
Complex would actually work.... e^(i x)
Unfortunately, we might be on a e^(-x^2) path....
I wish I was smart enough to comprehend that. Alas, I am resigned to my fate.
I read that to mean exponential growth by itself does not express just how screwed we are. If it were only an issue of exponential growth, we would only be screwed as we naturally outgrew the petri dish and poisoned ourselves with our own waste while running out of food and energy. The second equation, for me, implies the impact of "intervention," on top of the exponential growth factor, which has us drowning in our shit hole while demons who live above us play with our misery for their amusement.
But that's just me...
MsCreant, very interesting. There is no experience with intervention of this magnitude...but perhaps it just seems like a lot since this is our first time! I'm sure at the time, bailing out LTCM seemed like a lot, and various bailouts in the past. However, the added level of difficulity here is at no time has there been so much cash flying around the planet at such speed. We are much more 'financiialized' than with LTCM. the govt has a PR problem in that they obviously don't care about the numbers themselves....since its a giant Pretend Account anyway....they care about the perception! They cannot afford to let the game stop, far too messy. They can afford blowing up the balance sheet since its not their cash and they can change the rules along the way. For me, its about not letting what has value today get destoyed in the process. This is how you protect yourself, sicne they have proven that there is no out of bounds and absolutely no end to manipulating the system to avoid a serious business loss or any meaningful loss of control.
It's kind of like trying to cancel the effects of the law of gravity. You can do it for a while but it will take larger and larger expenditures to keep it up. In this case, the interventions are trying to defy Darwn himself. Failure must be allowed, but they won't allow it. Greater and greater expenditures and malinvestments multiply exponentially on one another. The costs are taking place financially and at the individual, institutional, and cultural levels. Wealth or "value" of all kinds is being drained and destroyed everywhere. This bankruptcy is coming at us from every front.
The idea that we have become financialized needs so much more of our attention. Not just recording the idea, but analysis of how it structures our reality on every front, that we take it to be normal and natural, when actually it is a way of knowing that is contaminating everything we consume (eat, breathe, read, watch). We have all been financialized. They just call that "fucked" around here for short though!!
Nice post.
Thanks Missy,
You're always a sturdy bridge between their world and mine, It's greatly appreciated.
If you have time, what is your take on: http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-na...
My take is if the American people know in their hearts that there is a dire situation, we will do what is morally right. The government giving themselves the right to confiscate everything at their whim is tyranny.
WTF!?!?!? Which of these makes no intuitive sense, at all????
(1) the Secretary of Agriculture with respect to food resources, food resource facilities, livestock resources, veterinary resources, plant health resources, and the domestic distribution of farm equipment and commercial fertilizer;
(2) the Secretary of Energy with respect to all forms of energy;
(3) the Secretary of Health and Human Services with respect to health resources;
(4) the Secretary of Transportation with respect to all forms of civil transportation;
(5) the Secretary of Defense with respect to water resources; and
(6) the Secretary of Commerce with respect to all other materials, services, and facilities, including construction materials.
This thing is so vague, he can do anything and congress cannot check him.
My personal favorite is:
(d) The head of each agency with an NDER unit may exercise the authority under section 703 of the Act, 50 U.S.C. App. 2153, to employ civilian personnel when activating all or a part of its NDER unit.
I'm reading "employ" as "enslave" here, but I have a vivid imagination.
This most recent abrogation of the Constitution is a replay of a Clinton EO. (Sorry no reference). Anyway the clincher is that this one applies during "wartime, national emergency, and peacetime"...whatever that last one is.
Between these EO's and the secret COG's the Gumment has not been answerable to the debt serfs for some time now.
Plan accordingly, and prepare with intelligence.
Peace of mind to all good folks here @ ZH
<Record in Utah> Now
I think it's easier to understand pushing a snowball uphill. The higher you push it the greater the mass it gains and the harder it is to continue on (or the greater the amount of energy spent to move it higher).
Good morning and thanks for your reply, not sure if your back looking through this post but I'd love to hear what you are doing about 'value'. Have had this discussion with many and they think I am nuts. Its a circular discussion about what to do with cash now....knowing that rules will change but I keep coming back to the fact that I would rather 'own' something than have a piece of paper from the bank with a balance on it. Ideally some farm land to rent out to another if just to cover taxes. I agree with your thinking and was wondering how you are approaching it.
The currency event in which people decide to no longer use FRNs is not that far off and loss of confidence would happen in about 6 hours by enough people to "remove" the control of the corrupt Anglo fed system. I think it happens within 5 years. It really already ended in 2006 when the marginal productivity of debt became negative. US citizens will be the last man out without a lifeboat. Alternatively, if you listened to Peter Schiff or Don Coxe- that you are prepared and stand to lose the least after the inevitable "reset".
"Will someone shoot that guy already"
OMG! Just had to log to let you know you cracked me up with that one, lol.