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Propaganda, Lies, And War

Tyler Durden's picture


Submitted by James Miller from the Ludwig von Mises Institute of Canada

Propaganda, Lies, And War

If I asked what the cause of the American Civil War was, would your first answer be slavery?  Would it surprise you to know that slavery was only one grievance the South had with the Lincoln administration?

Up until the first bullet was fired on Fort Sumter, Abraham Lincoln had been leading a type of economic aggression to force the South into initiating the official version of the conflict.  When Lincoln ran for president, his platform was based on Henry Clay-inspired mercantilism where he promised to maintain a high protective tariff that would serve Northern industrial interests while impoverishing the South’s still predominantly agrarian economy.  This, of course, angered the South much like it did when John Quincy Adams imposed the same type of tariff in 1828 which lead to the Nullification Crisis.  With the Morrill Tariff, which increased the tax on dutiable imports by about 70%, put in place by President Buchanan two days before he left office, the South stood ready to secede.  After Lincoln’s inauguration, he began to maneuver the seceding South into firing the first shot by breaking a previously established agreement to not attempt to restock Fort Sumter.  He secretly sent troops the Fort which escalated into what turned out to be the bloodiest war in American history.  Lincoln’s close friend and confidante Senator Orville H. Browning would go on to write in his diary:

He told me that the very first thing placed in his hands after his inauguration was a letter from Major Anderson announcing the impossibility of defending or relieving Sumter.  That he called the cabinet together and consulted General Scott—that Scott concurred with Anderson, and the cabinet, with the exception of PM General Blair were for evacuating the Fort and all the troubles and anxieties of his life had not equalled (sic) those which intervened between this time and the fall of Sumter.  He himself conceived the idea, and proposed sending supplies, without an attempt to reinforce giving notice of the fact to Governor Pickens of S.C.   The plan succeed.  They attacked Sumter—it fell, and thus, did more service than it otherwise could.

Contrary to popular belief, the Civil War was not a fight over slavery but a fight over whether the South was allowed to secede from the union.  Lincoln thought war would rally the North behind his special-interest driven agenda.  The South sent numerous commissioners to Washington in the hopes of finding a peaceful solution to secession.  Lincoln ignored all of them.  As he stated in a letter addressed to Horace Greeley of the New York Tribune:

My paramount object in this struggle is to save the Union, and is not either to save or to destroy slavery. If I could save the Union without freeing any slave I would do it, and if I could save it by freeing all the slaves I would do it; and if I could save it by freeing some and leaving others alone I would also do that. What I do about slavery, and the colored race, I do because I believe it helps to save the Union; and what I forbear, I forbear because I do not believe it would help to save the Union.

So why is this version of the Civil War not taught in public schools?

It’s a simple answer when you consider the driving force of statism.

When Randolph Bourne opined “war is the health of the state,” he was referring to how war is used as a means to enlarge the authority of government over everyday life.  In times of war, the citizenry is told to sacrifice their material well being and freedom for the sake of winning the war and bringing the troops home.  Taxes are raised, central banks inflate, governments borrow massive amounts of money, and economic resources are confiscated to be used in the war effort.  War quickens the state’s march toward totalitarianism as it rallies the public into unquestioned obedience.  Love of country replaces love of self and family.  Mothers and fathers give up their sons (and now daughters) to fight in the state’s bloody crusade.  The heads of government who initiated the conflict don’t let their offspring go and fight.  Their pampered lifestyles usually don’t see the sacrifice taxpayers must endure.

Romanticized retellings of war assist in convincing the masses that the campaigns of murder carried out by political leaders were for the good of the nation.  It enshrines the state as a life-saving guardian to those fortunate enough to not meet a gruesome death on the battlefield.  In the case of the Civil War, Lincoln didn’t just save the union; he has forever made secession a nonviable solution to an overreaching Washington.  Lincoln’s war of northern aggression turned these united States of America into the United States of America.  It cost the equivalent of 6 million lives today for honest Abe to destroy the volunteerism which defined the union of the states in the decades that preceded the war.

Just as the Civil War was triggered by deceit, many of the wars or military conflicts of the past century have been fought based on the lies of a political class all too enamored with their own power and place in history.

Starting with World War I and Woodrow Wilson’s quest to “make the world safe for democracy,” the popularly spun tail is that America’s entering the conflict was in reaction to Germany sinking the supposedly innocent passenger vessel the Lusitania.  After German subs sunk the ship, thereby killing women and children, popular support reversed and was now in favor of war.  What wasn’t revealed immediately is that the Lusitania was really outfitted to carry armaments for the British.  This was a strategy developed by then First Lord of the Admiralty Winston Churchill to bait a German attack and bring America into the fight.  As classical liberal historian Ralph Raico writes:

The Lusitania was a passenger liner loaded with munitions of war; Churchill had given orders to the captains of merchant ships, including liners, to ram German submarines if they encountered them, and the Germans were aware of this. And, as Churchill stressed in his memoirs of World War I, embroiling neutral countries in hostilities with the enemy was a crucial part of warfare: “There are many kinds of maneuvres in war, some only of which take place on the battlefield. . . . The maneuvre which brings an ally into the field is as serviceable as that which wins a great battle.

Then there is the often neglected role big business, especially JP Morgan & Co, played in the propagandizing of the war.  As one of the largest creditors and underwriters to war bonds issued by the governments of Britain and France, it was in the best interest of the House of Morgan to guarantee the Allies won the war.   As the American economy drifted toward one of top-down command where government cartelized industry to ensure adequate munitions for war, big business was more than happy to play along as it meant stifling regulations placed on their small-time competitors and the opportunity to keep prices elevated.  This perverted form of capitalism would serve as a model to Western nations from the war’s end to the present day.   Murray Rothbard believed the first World War was really a victory for the fascist state:

More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interests through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the twentieth century.

The beginnings of World War II were engulfed by the same collusion of big business and government along with underhanded tactics to further chip away at the American public’s noninterventionist stance.  The Morgans still had their financial ties with Britain and France while the Rockefellers wanted war with Japan since the country competed for raw materials in Southeast Asia.  Both financial powerhouses lobbied for war early on.  After Franklin Roosevelt was reelected on the platform of keeping America a neutral party, he set about provoking a Japanese attack sometime around the summer of 1941.  This resulted in an oil embargo, the forceful limiting of exports, and freezing the country’s assets within the U.S.  It was the equivalent of an economic fatal wound to resource-poor Japan.  Not only that, but in recent years it has been confirmed that Roosevelt had prior knowledge of the Pearl Harbor attack and actually withheld key information from commanders at the naval base.  As Vice Admiral and aid to the Secretary of the Navy Frank E. Beatty noted at the time:

Prior to December 7, it was evident even to me… that we were pushing Japan into a corner. I believed that it was the desire of President Roosevelt, and Prime Minister Churchill that we get into the war, as they felt the Allies could not win without us and all our efforts to cause the Germans to declare war on us failed; the conditions we imposed upon Japan—to get out of China, for example—were so severe that we knew that nation could not accept them. We were forcing her so severely that we could have known that she would react toward the United States. All her preparations in a military way—and we knew their over-all import—pointed that way.

Following World War II, every conflict the U.S. has engaged in has been either to the benefit of wealthy special interests or in reaction to its own misguided policies.  The Cold War was a four decade long gift to the military industrial complex against a supposed world power that collapsed due to its state-run economy.  The various bombings and occupations of Middle Easter countries which followed have only served as excuses to not end the flow of money into the pockets of politically connected military contractors.  And the Iraq War, as everyone now knows, was based on the lie of Saddam Hussein possessing weapons of mass destruction.

One would think with such a rich history of political patronage in the death industry, Americans would be adamantly opposed to war.  Yet the usual players in Washington are once again pounding on the war drums in the name of spreading American values.  The target this time is Iran and at least one presidential candidate in this fall’s election has vowed to use military force on a nation that hasn’t bowed down and kissed Uncle Sam’s jackboot.  The problem is Iran has the hubris of refusing to be bullied around by the U.S.  Such an attitude undermines American imperialism in front of the rest of the world.   It must be stomped out by any means necessary.

And then there is the big financial push for an Iranian war going on behind the scenes.  The pro-Israel lobbying group, the American Israel Public Affairs Committee, has been aggressively pushing for war and appealing to top lawmakers and the heads of Washington’s warmongering apparatus.  President Obama has already assured the flush lobbying group that “the United States will not hesitate to attack Iran with military force to prevent it from acquiring a nuclear weapon.”  Department of Defense Secretary Leon Panetta made the same promise.  Just last week, 44 Senators, including many Democrats, sent an AIPAC letter to the President urging him to consider military action if Iran continues with its nuclear program.  The letter essentially makes war the only option on the table as Glenn Greenwald of Salon points out:

This implication is clear: a military attack by the U.S. on Iran is at least justified, if not compelled, if a satisfactory agreement is not quickly reached regarding Iran’s nuclear program. At the same time, the letter itself virtually ensures no such agreement is possible because the conditions it imposes as the “absolute minimum” are ones everyone knows Iran will never agree to (closing the Fordow facility and giving up its right to enrich uranium above 5 percent).

Not only is the push for war bipartisan, but much of the media establishment has been devoid of criticism of the constant war rhetoric. Even though Israel has nukes of its own, many of its supporters portray the country as a weakling in dire need of assistance from the bully of the Middle East schoolyard.  Worse is the complete disregard of the fact that there is no actual evidence that Iran is concocting a nuclear weapon.  According to the CIA’s own National Intelligence Estimate of 2007, Iran put a stop to the development of nuclear weapons in the fall of 2003.  Other Western nations such as Germany, France, and Britain, deny the report’s conclusion.  Meanwhile Israeli Prime Minister Benjamin Netanyahu has gotten impatient of the reluctance by the U.S. thus far to act militarily against Iran.  Like a good politician, he wants prestige without the dirty work.  That’s what America is for.

Despite already being engaged in drone wars in Pakistan, Somalia, Yemen, and still occupying Afghanistan, the U.S. is being duped into yet another war based on shaky evidence and at the behest of deep-pocketed special interests.  This is coming even while a secretive cyber war already being waged to damage Iran’s nuclear capability.  According to the Pentagon, “computer sabotage coming from another country can constitute an act of war.”  Not only that, but the draconian sanctions thus far placed on Iran are doing enormous harm to the citizens who hardly have a say in what their government does.  The Belgium-based SWIFT payment system that facilitates most international payments has already denied service to many Iranian banks.  With the imposing of an oil embargo from the European Union just around the corner (July 1st) that will all but make it impossible for oil tankers to be insured by Lloyd’s of London, an actual naval blockade is being floated by U.S. lawmakers.  Much like the Antebellum South and Japan, Iran too is being pushed into a corner.

What makes the campaign to extend the War on Terror to Iran is that the anti-American sentiment in the higher echelons of its government are only a consequence of previous meddling.  After Prime Minister Mohammed Mossadegh nationalized the oil industry in 1953, British Petroleum used the CIA to overthrow the popular leader and put the Shah back in power whose authoritarian rule would be financially supported by the U.S. up to the Islamic Revolution of 1979.

Then and now, wealthy special interests are a driving force behind American imperialism.  Lies will be spun till they are seen as facts.  When the truth comes out, the irreparable damage will already be done.  Like anything the state lays its filthy hands on, war is a racket.  The beneficiaries of the ruling class’s gleeful foray into mass murder are few in number.  The masses, still brainwashed into feverish nationalism, end up paying the costs with their pilfered income, eroded liberty, and, ultimately, their own lives.

As Major General Smedley D. Butler wrote in his seminal essay War Is A Racket

WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

The only weapon against such an immoral system of mass murder and cronyism is to know the truth and to not fall ill with the fever of war.


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Thu, 06/21/2012 - 21:15 | 2549446 Colombian Gringo
Colombian Gringo's picture

Instead of wasting trillions killing terrorizing the rest of the world, why doesn't the US save the money and fix the education system, repair public works, help out the working poor, do productive research to create new industries.  America is the worlds bully, and the worlds shame.


Also leave the Iranians alone. They are no threat to the US and Israel, except in the minds of people who like to profit from war, killing others for money.

Thu, 06/21/2012 - 21:17 | 2549464 veyron
veyron's picture

"why doesn't the US save the money and fix the education system, repair public works, help out the working poor, do productive research to create new industries"


The powers that be wouldn't want that now, would they ...

Thu, 06/21/2012 - 21:26 | 2549479 Harlequin001
Harlequin001's picture

This is about duty.

It is about upholding freedom, human rights and the 'Constitution' if that's your bag, the noble acts that we do in the name of defending our freedoms is it not?

This is why our armed services will do whatever they're fucking told without question and regardless of what's right and wrong. It is why the Oath, and duty and 'stepping up to the plate' are nothing but an excuse to do any wrong simply because we're told to and distance ourselves from the consequences of doing that wrong in the name of the country. It makes us no different from the cruelty of the Japanes that mistreated prisoners so badly simply because they were told to, because they were told they could.

Find a flag and hide behind it. This is about duty...

But at least we'll get some cheap oil out of it.

Thu, 06/21/2012 - 21:28 | 2549485 fonzannoon
fonzannoon's picture

not for long

Thu, 06/21/2012 - 21:35 | 2549516 Marginal Call
Marginal Call's picture

China's got their back.  China get's their oil.  The "sanctions" now just mean Europe can't buy and are a way to divy up supply.  Iran to China, Russian to Europe.  blah blah blah.


Ain't shit gonna happen. 

Thu, 06/21/2012 - 21:44 | 2549555 JoeSexPack
JoeSexPack's picture

Gas down about $1/gallon here in CA, down in June for 1st time in memory. Fishy.


DC pushing down price before Syria/Iran assault, to make room when it spikes?


Can't stop it, but did buy a motorcyle, & notice scooters everywhere now.


Fun on weekends, more so if gas hits $10+/gallon.

Thu, 06/21/2012 - 21:52 | 2549574 Jack Napier
Jack Napier's picture

No access to SWIFT? There's always BitCoin.

No access to dollars? There's always gold.

This is just going to aid in the demise of fiat, but that is all part of the plan isn't it

Thu, 06/21/2012 - 22:25 | 2549659 markmotive
Thu, 06/21/2012 - 22:56 | 2549732 Spirit Of Truth
Spirit Of Truth's picture

Ahhh....big bad American imperialists! LOL!

Let's face it, if America were imperialist, gas would be under $1 a gallon and Iraq would have a Texan as dictator.

No, the real "imperialist" force in modern history is the power always pointing fingers away from itself: RUSSIA

Ultimately you all are gonna learn this the hard way, but I did try to warn everyone as best I could.

In the meantime, enjoy your popular anti-American delusions while they last.


Thu, 06/21/2012 - 23:12 | 2549758 DaveyJones
DaveyJones's picture

how exactly did Russia get Cheney to arrange all those war / flight exercises that day?

Fri, 06/22/2012 - 00:47 | 2549935 Ben Dover
Ben Dover's picture

Them commies are sneaky that way.

Fri, 06/22/2012 - 03:31 | 2550053 AldousHuxley
AldousHuxley's picture

US soldiers being experimented on nuclear fallout by US military:


US military elites don't give a shit about their own soldiers. Why would they care about foreigners?

Fri, 06/22/2012 - 06:36 | 2550159 negative rates
negative rates's picture

Sounds more like our gvt here, with a your vote don't count here majority.

Fri, 06/22/2012 - 00:47 | 2549936 Ben Dover
Ben Dover's picture

Them commies are sneaky that way.

Fri, 06/22/2012 - 02:01 | 2550001 James-Morrison
James-Morrison's picture

So gather 'round, gather 'round chillun'
Get down, well just get down chillun'
Get loud, well you can be loud and be proud
Well you can be proud, hear now
Be proud you're a rebel
'Cause the South's gonna do it again and again

--- Charlie Daniels

Thu, 06/21/2012 - 23:20 | 2549780 AUD
AUD's picture

You're full of shit. Russia is a small time standover racket compared to the criminals in the 'western' governments. Iran could be considered a lowly pickpocket.

Fri, 06/22/2012 - 00:54 | 2549934 sunaJ
sunaJ's picture

It's nice to see that you still believe America is the best country and Russia is evil, just like your 8th grade teacher told you.  I don't enjoy bursting that kind of bubble any more than I like telling young children that Santa does not exist.  I do, however, hope someday that you do a bit of studying, employing true wisdom, which denies you the certainty that you have it all figured out.  I promise, if you approach life with a little humility, you will be amazed how much you learn. 

It may even save you from killing yourself in the name of "freedom," as you lay waste to another people that have no intention of attacking you.  But if you are sure you would not be dying to generate dollars for a billionaire, or if you are one of those that just has the lust to kill something, by all means, get going.  It's win-win for you because if you die, you thought you were a hero and will have a flag placed on your coffin to prove it.

Fri, 06/22/2012 - 01:03 | 2549947 GMadScientist
GMadScientist's picture

...if Russia were imperialist, Georgia wouldn't have a western Pinocchio.


Fri, 06/22/2012 - 01:18 | 2549954 Michael
Michael's picture

But Al-Qaeda is hiding under my bed!

The false flag games the United States government plays are pathetic, only understandable to the sub 80-IQ population which is most of us due to Monsanto, fluoride in the water, and too many vaccines.

In Arabic, al-Qaeda has four syllables. However, the closest naturalized English pronunciations include /æl-ka-d/, /æl-ke-d/ Al-Qaeda's name can also be transliterated as al-Qaida, al-Qa'ida, el-Qaida, or al-Qaeda.

The name comes from the Arabic noun q'idah, which means foundation or basis, and can also refer to a military base. The initial al- is the Arabic definite article the, hence the base.

Bin Laden explained the origin of the term in a videotaped interview with Al Jazeera journalist Tayseer Alouni in October 2001:

The name 'al-Qaeda' was established a long time ago by mere chance. The late Abu Ebeida El-Banashiri established the training camps for our mujahedeen against Russia's terrorism. We used to call the training camp al-Qaeda. The name stayed.

Fri, 06/22/2012 - 01:44 | 2549984 Michael
Michael's picture

IMF: Leggard Demands Action to Avert Threat to Euro. You may find this more interesting.

Has everyone seen True Stories - Defamation (2010) ? I highly recommend it and it's Free to watch.


Fri, 06/22/2012 - 01:54 | 2549990 Michael
Michael's picture

So the Mujahedeen are now just the dirt and the monkey bars/Al-Qaeda, not even human, I guess.

Fri, 06/22/2012 - 01:58 | 2549999 Michael
Michael's picture

I'm going to read this whole piece;

Submitted by James Miller from the Ludwig von Mises Institute of Canada

Propaganda, Lies, And War

Fri, 06/22/2012 - 02:09 | 2550010 Michael
Michael's picture

I was personally amazed at how fast our society transitioned from CRT to a Flat screen society.

Fri, 06/22/2012 - 09:12 | 2550472 Ar-Pharazôn
Ar-Pharazôn's picture

poor brainwashed guy

Sat, 06/23/2012 - 15:18 | 2554255 BotMightFly
BotMightFly's picture

Many BitCoins, for all its "security" were stolen - about 70 grand.  Bitcoin now recommends you keep your vault of Bitcoin offline until you are ready to use it.  Copper, silver, coffee, gold, stored food, coins, are safer albeit not as convertable. 

The idea of currency collapse, means political collapse.  Hayek has many interesting comments in "the Road to Serfdom" regarding morphing of the state from the WWII experience.  Its like a double edge sword - the book is either warning or guide, depending on perspective. 

Political cutthroat behavior not counting counties, declining lame- stream media not counting votes, counties, states while buying or manipulating media is well understood by the Ron Paul camp - which is why the Romney crowd is being sued.  War is extremely profitable but bullets don't offer a return on investment, except thanks to the Fed they now do. 

Thu, 06/21/2012 - 21:52 | 2549585 GOSPLAN HERO
GOSPLAN HERO's picture

"Honest Abe" Lincoln -- the highest paid corporate lawyer of his day.

Need I say more?


Thu, 06/21/2012 - 23:50 | 2549840 Sir Edge
Sir Edge's picture

and He Fought Vampires At Night...

Fri, 06/22/2012 - 00:07 | 2549865 cbxer55
cbxer55's picture

I saw that book at Sam's Club. Could not believe someone had the audacity to publish that crap......

Fri, 06/22/2012 - 00:32 | 2549908 wee-weed up
wee-weed up's picture

They have the audacity to publish that crap because there are brain-dead dumb-fucks who pay good money to buy that crap!

Fri, 06/22/2012 - 08:23 | 2550305 goldfish1
goldfish1's picture

Good money?

Fri, 06/22/2012 - 02:49 | 2550035 Rattling Bones
Rattling Bones's picture

Publish it? Hell, they made it into a movie.

Fri, 06/22/2012 - 03:20 | 2550048 SilverRhino
SilverRhino's picture

Actually the publisher Quick Books is writing reboots of various classical figures and incorporating horror into them.  

Pride, Predjudice and Zombies is certainly a way to make 19th century literature more interesting.


  • The Meowmorphosis by Franz Kafka and Coleridge Cook (2011)
  • Pride and Prejudice and Zombies: Dreadfully Ever After by Steve Hockensmith (2011)
  • Android Karenina by Leo Tolstoy and Ben Winters (2010)
  • Pride and Prejudice and Zombies: Dawn of the Dreadfuls by Steve Hockensmith (2010)
  • Sense and Sensibility and Sea Monsters (2009) by Jane Austen and Ben Winters
  • Pride and Prejudice and Zombies (2009) by Jane Austen and Seth Grahame-Smith
Thu, 06/21/2012 - 21:29 | 2549488 CPL
CPL's picture

Something very odd is going on.  Insurance industry isn't offering any crop insurance this year.  US or Canada.

Thu, 06/21/2012 - 21:33 | 2549503 i-dog
i-dog's picture

Just further signs that there will be no election in November. 'They' are still trying to stay on schedule, even though the fall of Europe was not in their [immediate] plans.

Thu, 06/21/2012 - 21:43 | 2549551 Dr. Sandi
Dr. Sandi's picture

Too many people believe elections will matter in 2012.

Thu, 06/21/2012 - 22:34 | 2549647 A Lunatic
A Lunatic's picture

Too many people believe that elections ever mattered.

Fri, 06/22/2012 - 01:23 | 2549969 Clashfan
Clashfan's picture

For all those who still believe elections matter, read this:

After you have a laugh or a cry, tell me why they would stop elections? The process works so well for them.

Fri, 06/22/2012 - 03:41 | 2550056 AldousHuxley
AldousHuxley's picture

Elections prevent prisoners from understanding that they are being controlled at all. 


Ever read a book called "one flew over the cuckoo's nest"?


  Try to stand up for yourselves, do your best instead of allowing authority figure to take control of everything you do.

Thu, 06/21/2012 - 21:44 | 2549559 Dr. Engali
Dr. Engali's picture

I agree. If we see an election I will be surprised. Not that it makes a difference, since they both serve the purpose of TPTB.

Thu, 06/21/2012 - 21:34 | 2549509 knukles
knukles's picture

I noticed that also.
Very Odd.
Amazingly fucked up, Odd.

Ah, Conspiracy Theory Time
And I don't mean that derisively

You no can kid me, someting ees fucked up here, Luchie.

Thu, 06/21/2012 - 23:23 | 2549785 NemoDeNovo
NemoDeNovo's picture

"Its not a Conspiracy Theory [insert example here]....Its a Business PLAN"


Just sayin

Fri, 06/22/2012 - 08:42 | 2550379 goldfish1
goldfish1's picture

Farm Bill 2012 has something about crop insurance here:

"The Senate bill makes major changes in past practices, eliminating direct payments to farmers regardless of whether they plant a crop and replacing the payments with greater emphasis on crop insurance and a new revenue protection plan that compensates farmers for minor losses until crop insurance kicks in."

Thu, 06/21/2012 - 21:34 | 2549510 Harlequin001
Harlequin001's picture

If I read that right, it might be because an increase in insurance risk leads to a requirement for higher reserves at a time when all their other assets are imploding, or should I say all their other risks are increasing.

Money's tight, until they print. And then all should be well for about two days...

Thu, 06/21/2012 - 21:36 | 2549523 knukles
knukles's picture

Usually the other way around. 

At times like you describe, the emphasis is on policy under-writings to garner the premium income, thereby increasing the combined ratio.

Thu, 06/21/2012 - 21:40 | 2549541 fonzannoon
fonzannoon's picture

i respectfully see it differently knuckles. from what i see the insurance companies are offering buyouts of existing contracts because they don't want to have to keep the reserves. they are dying inside.

Thu, 06/21/2012 - 21:51 | 2549582 knukles
knukles's picture

Thank you, fonz.
I was not aware that buyouts were at all prevalent at this time amongst the USDA approved SRA companies.
What event(s) transpired over the last year or two that have caused the pressure on the combined ratios?  Investment or claims related?  I'm at a loss with respect to that marketplace.

Thu, 06/21/2012 - 22:00 | 2549609 fonzannoon
fonzannoon's picture

i am no expert and these companies are spread across so many lines of business but between zirp and the actuaries  mispricing everything because of zirp  they are trying to beg their way out of stuff already on the books. I believe it's going to eventually be a big deal. throw in the life settlement business the last few years that the life insurance companies are on the hook for and the combination is toxic.

Thu, 06/21/2012 - 22:11 | 2549630 knukles
knukles's picture

Thank you.
Having run insurance company monies back in my deep dark distant past, I've been through a number of cycles, but never in the slightest related to an ag book. 
Slightly askew of ag, what absolutely baffles me however, is the cognitive dissonance of insurance co. asset managers with respect to the fundamental risks juxtaposed between the asset and liability sides of the ledger.  They seemingly again and again, assume insurance type risks in the asset base.  For example, buying a variety catastrophe bonds, attracted by the "yield" when in fact, the risk thereby being deposited into the bond portfolio can be highly directly correlated with potential claims depending upon the book.

Thanks again.

Thu, 06/21/2012 - 22:20 | 2549650 fonzannoon
fonzannoon's picture

Thank you. I think the difference between when you were involved in running a real business and fantasyland today is TARP etc...It all seems to come back to moral hazard. These idiots all believe someone will bail em out.

Thu, 06/21/2012 - 22:49 | 2549709 disabledvet
disabledvet's picture

and as we all now know "in the world of bailouts there can be only one." Enter "the Big Long"? I say yes...and as such "even Chairman Bernanke is in trouble under this scenario."

Thu, 06/21/2012 - 22:51 | 2549713 DaveyJones
DaveyJones's picture

Thanks for this chain. Things are nuts

Thu, 06/21/2012 - 23:03 | 2549751 Mesquite
Mesquite's picture

Do all the chemtrails now factor into the picture (re: crops)..?

Fri, 06/22/2012 - 09:48 | 2550664 knukles
knukles's picture

At the risk of branding lunacy...

A buncha my golf buds are in the public health business and think that chemtrails are horse shit.  Conspiracy, etc.  We see 'em all the time.  They ignore 'em... visual evidence.
And a relative of mine is in ag school... and there, they're reading about "air dispersal", "aireosols" etc.
So by my way of thinking.


Sat, 06/23/2012 - 21:01 | 2554891 BotMightFly
BotMightFly's picture

Hey, Monsanto has your back.  Just don't try to plant your own cause the plant police will seize your organics.

Fri, 06/22/2012 - 09:28 | 2550556 tarsubil
tarsubil's picture

Thank you both for the entirely depressing conversation. Really made my Friday morning.

Thu, 06/21/2012 - 23:17 | 2549770 anonnn
anonnn's picture

Crops have great affinity for fallout, as if welcoming Fukushima Daichi et al events.

Thu, 06/21/2012 - 21:38 | 2549528 Marginal Call
Marginal Call's picture

That, and a ton is already lost to early bloom late frost.   Along with projected drought conditions.  

Thu, 06/21/2012 - 22:04 | 2549619 Harlequin001
Harlequin001's picture

So WTF happened to all these synthetic crops?

Can we eat plastic corn now?


Thu, 06/21/2012 - 21:43 | 2549548 Dr. Engali
Dr. Engali's picture

My guess on that it's because ZIRP is killing insurance companies. They can't hedge so they are getting out of a lot of products. Insurance companies are trying to shed assets right now to raise cash.

Thu, 06/21/2012 - 21:50 | 2549576 fonzannoon
fonzannoon's picture

it ain't a guess dr.engali you are spot on. they also get killed on their derivites when their is high volatility. so if the vix was ever allowed to rise again u would see them cry uncle fast.

Thu, 06/21/2012 - 21:55 | 2549593 alex_g
alex_g's picture

Any links you can offer?

Fri, 06/22/2012 - 08:35 | 2550348 CPL
CPL's picture

Google News "Crop Insurance 2012", there you go...

Thu, 06/21/2012 - 22:09 | 2549627 Bansters-in-my-...
Bansters-in-my- feces's picture

No crop insurance you say.....

Maybe they no something about the heavy chemtrail spraying going on that is fucking all crops up.

This geo-enginering and atmospheric spraying is terrorism,and is fucking up the amount of light that plants and trees need to produce friuts and vegetables.

The Rothschilds now own 70% of weather centreal and they are probably involved in the terrorism going on in the skies right now.

And will make money off of disasters due to weather and crop failures.


Your being sprayed daily with chemicals and your weather is made for you by the jet tankers.........!!!!!!!!!

Fri, 06/22/2012 - 07:06 | 2550191 Unique Snowflake
Unique Snowflake's picture

Chemtrails is about level with David Icke and the lizard people for being awarded the "Fucking Dumbest Shit Anyone Will Believe" award.

Pull your head out of your arse and the air wont smell so bad.

Or PROVE your claim with HD video and air sample testing results.

Fri, 06/22/2012 - 09:31 | 2550572 tarsubil
tarsubil's picture

What happened to the lizard people guy? I liked reading his stuff.

Thu, 06/21/2012 - 22:58 | 2549711 rambo1028
rambo1028's picture

Links...anyone??? Anyone????

Thu, 06/21/2012 - 23:24 | 2549791 Cathartes Aura
Cathartes Aura's picture

not much information with a quick search, but the standard reuters article hints at .gov drama,

With the U.S. Congress on the brink of passing the most sweeping farm spending cuts in a generation, critics are riled the budget axe will spare billions of dollars in federal subsidies for private companies that reap double-digit returns for insuring crops.

"Two years of wrangling over the next farm bill has cut $23 billion over the coming decades from crop subsidies, conservation programs, food stamps and a range of rural economic development programs.

There would be no cuts, however, in federally subsidized crop insurance, forecast to cost the government $90 billion over the next decade. An aggressive lobbying campaign has helped protect and expand a profitable niche for about 15 private companies that deliver the insurance, including Wells Fargo and Archer Daniels Midland."

Thu, 06/21/2012 - 23:43 | 2549821 rambo1028
rambo1028's picture

Pardon brain isn't firing on all circuits tonight...but didn't that article say that there is crop insurance? So why is op saying there is no crop insurance? I am freaking confused.... did I miss something??

Fri, 06/22/2012 - 00:18 | 2549889 Cathartes Aura
Cathartes Aura's picture

aye, it's not a great link relative to "no crop insurance" line - I only linked it because it's the most current one (yesterday's date), and it showed some "gov policy issues" relative to "crop insurance" - and some exploiting of same, which of course we know is common - perhaps there's some drama going on behind the scenes relative to subsidies, etc.

sorry for adding to the confusion tho' !

Fri, 06/22/2012 - 01:12 | 2549953 GMadScientist
GMadScientist's picture

The silence of the sacrificial lambs...the subsidies will go on the chopping block...they're front-running the future lack of backstop and getting the hell out of dodge since it won't be Uncle Sam's OPM in the kitty.

What does it mean when the magic 8-ball just sinks to the bottom like that?

Fri, 06/22/2012 - 00:25 | 2549896 XitSam
XitSam's picture

Agreed. This google search seems to indicate crop insurance is going on.

Although there seems to be something called Federal Crop Insurance, why is the government insuring or backstopping insurers for crop insurance? See this link it says "Since modern-day crop insurance was first created in 1980, participation and coverage levels have grown dramatically."

Here is a link that says crop insurance fraud costs millions.

Rain and Hail crop insurance seems to be doing business.

Fri, 06/22/2012 - 02:12 | 2550013 rambo1028
rambo1028's picture

Thanks for helping clear that up...felt like I was in the twilight zone for a minute there

Fri, 06/22/2012 - 02:43 | 2550031 Cathartes Aura
Cathartes Aura's picture

if you factor in the desire to control the weather, add in the rather odd extremes in weather we've been experiencing over at least the past few years, the story takes on new dimensions. . .

who scams, who benefits, yeah.

Fri, 06/22/2012 - 00:24 | 2549898 Bansters-in-my-...
Bansters-in-my- feces's picture


I don't know how to put up a link or I would .

Fri, 06/22/2012 - 01:21 | 2549921 XitSam
XitSam's picture

Select the text you want to become the link, then click the linked chain icon between indent and anchor.

Fri, 06/22/2012 - 02:11 | 2550012 rambo1028
rambo1028's picture

It's not that easy from some "smart" phones :)

Thu, 06/21/2012 - 23:34 | 2549803 gezza65
gezza65's picture

One word "Fukushima"

Fri, 06/22/2012 - 01:39 | 2549981 Calmyourself
Calmyourself's picture

cpl bs..

Fri, 06/22/2012 - 08:41 | 2550375 CPL
CPL's picture

I got my notification yesterday from Sunlife on the considerable "changes" that my insurance company is "offering" me.  Which is nothing but 575% higher premiums to get slightly less coverage.  Good times.  Might as well consider food prices doubled then.  Insurance, the necessary evil is a cost of business, but only a percentage of it is deductable.  The change in cost on 100 acres of corn is enough to make me consider tripling my prices to hedge against any future insurance rate changes.

Otherwise.  Here's the google search for people too lazy to google.

Fri, 06/22/2012 - 19:36 | 2552807 Cathartes Aura
Cathartes Aura's picture

from your google link:

He found that for every $2 the government spends on crop insurance, $1 goes to the insurance industry. Montana State’s Smith -- who worked with Babcock and another economist on a report for the American Enterprise Institute -- differs a bit: He estimates the industry gets $1.44 for every $1 in premium subsidies that flow to farmers.

Even in bad years, the insurers do fine, partly because premiums have risen in lockstep with crop prices. Last year, for example, was a tough one for farmers, with droughts in the southern Plains, hard freezes in Florida and flooding along the Mississippi and Missouri rivers. But the crop insurance companies posted nearly $2 billion in profits in 2011, according to Babcock and his colleagues. 

Between 2001 and 2011, the industry generated $11.8 billion in profits, their studies found. Participating companies include Wells Fargo, John Deere Insurance Co., Switzerland’s Ace Ltd. and Australia’s QBE Insurance Group.

more parasite pyramid scheming, sounds like - folks might want to pay attention to this, as it's part of a number of "reasons" that food inflation is so close you can touch - but not taste - it.

"bad weather" + corporate farming + corporate insurers + .gov freestyle fiat = bottom falls out. . . just takes a season or so. . .

Fri, 06/22/2012 - 06:45 | 2550167 Nikao7
Nikao7's picture

I'm located in central Illinois and all of the farmers around here are insured this year as usual.  My father to name one.

Fri, 06/22/2012 - 08:42 | 2550380 CPL
CPL's picture

As I said.  Just got my letter yesterday.  Go check your box today.

Fri, 06/22/2012 - 07:38 | 2550230 spankfish
spankfish's picture

Monsanto has everything under control... do not adjust your tv screens.

Fri, 06/22/2012 - 07:51 | 2550246 jimijon
jimijon's picture

I could be wrong, but it really feels like it is about time to have another drought.

Thu, 06/21/2012 - 23:23 | 2549779 essence
essence's picture

Sorry Harlequin. I mistakenly down arrowed your post near the beginning of comments, not digesting the full content of your remarks.
My apologies.

Yep, you called it. These days, "our" Armed services are nothing more than armed goons working to support  the banksters.  I realize this will absolutely drive many reading this into a kanipshit, but the truth needs to be told. Certainly this article conveys what much of my own research has revealed.

America... your history is to a large degree, a lie. You might of grown up on hollywood depicting John Wayne,Clint Eastwood,Rambo, 24, etc  righteously defending your freedoms ... but to a great extent, it was just a facade to cover the real situation. Citizens and soldiers were (and still are) but mere cannon fodder for financiers and politicians seeking to enrich themselves.

And it is all playing out again, now, before our eyes.

War with Iran is coming to support the U.S. petro dollar, angloAmerican Central Banking and feed the military industrial complex.

America ... "you can't handle the truth"




Thu, 06/21/2012 - 23:28 | 2549794 Harlequin001
Harlequin001's picture

No worries, we don't concern ourselves with down arrows too much. Frankly I'm more interested in the debate.

FYI, I believe that if you click on it again it is removed...

Fri, 06/22/2012 - 00:13 | 2549875 cbxer55
cbxer55's picture

If he goes back and hits the up arrow, it will reverse. The down arrow will go away and the up arrow will increase. ;-)

Fri, 06/22/2012 - 07:53 | 2550248 falak pema
falak pema's picture

now that's true sex appeal!

Thu, 06/21/2012 - 21:29 | 2549487 i-dog
i-dog's picture

The kings and bishops are just looking for new places to divide up among the knights. It keeps the game going.

Only the pawns are sacrificed.

Fri, 06/22/2012 - 09:38 | 2550602 tarsubil
tarsubil's picture

That's no joke. Look at this guy.,_Duke_of_Savoy

Tell me he wouldn't fit in perfectly in the Senate.

Nothing has changed.

Fri, 06/22/2012 - 06:13 | 2550141 Peter Pan
Peter Pan's picture

War is organised theft where theft of both the aggresor nation and the victimised nation is the aim.

Fri, 06/22/2012 - 10:51 | 2550987 monoloco
monoloco's picture

"More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interests through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the twentieth century." 

You have to admit that it was pretty clever how they institutionalized facism by pretending that WWII was a war against facism.

Sun, 06/24/2012 - 15:40 | 2556265 Richard_Cranium
Richard_Cranium's picture


Thu, 06/21/2012 - 21:24 | 2549473 I think I need ...
I think I need to buy a gun's picture

how will the soccer moms get to their games without their suv's if oil isn't low enough?

Thu, 06/21/2012 - 23:55 | 2549846 potlatch
potlatch's picture

A funny observation.  I live in a poor area of my city -- not rock bottom, but certainly not "middle class".  In my neighborhood, lots opf fat people driving around in tiny cars.  Often 3, 4, or 5 of em, packed in like a big smuchy human marshmallow vehicle.


I drive to other side of town for business, upscale.


The people get smaller, cuz they are all fit and trim and well-dieted, and their SUV's get HUGE, and... they are usually alone.

Fri, 06/22/2012 - 00:05 | 2549862 otto skorzeny
otto skorzeny's picture

the tinier the blond soccer mom bimbo-the more hulking the SUV

Fri, 06/22/2012 - 02:27 | 2550021 rambo1028
rambo1028's picture

Families stay pretty tight down here in the ghetto where I am from...but we aren't all big'uns. I am actually a soccer mom who lives in the's that for breaking stereotypes! However I do drive a small car...good on mpg.

I am actually less afraid of the coming fall out because there are so many in my family and we are so tight knit. My cousins are like brothers and sisters to me. I would trust them with my life without question. It's tough down here sometimes but I can whole heartedly say at this point in history, there is no place I'd rather be. Also when you are accustomed to not having much there won't be as much shock and adjustment as those suburban soccer moms are gonna have when the bottom falls out if this bitch.

Thu, 06/21/2012 - 21:36 | 2549498 Cyrano de Bivouac
Cyrano de Bivouac's picture

Thank you Columbian Gringo spot on. I think it's more dangerous in Chicago now than Kabul also some of our cities(Detroit for example) are falling apart while the miltary spending spree goes on.

Thu, 06/21/2012 - 22:54 | 2549725 Lednbrass
Lednbrass's picture

Its easy enough to check the numbers on any American city- we lose a helluva lot more here.

Just out of curiosity, last fall I compared combat deaths in Afghanistan to deaths in the large city I grew up in (Baltimore).

From the start of the war to the end of September 2011 when I looked at it, there were right around 1700 combat deaths in Afghanistan.  In the same time period there were 2500 murders in Baltimore. I havent run numbers on any other cities, but for the most violent ones there are far more killings than in overseas military actions.

Makes one wonder where the real war is happening. Unfortunately I just cant see supporting more money for police so they militarize even more, most are already out of control.

Thu, 06/21/2012 - 23:33 | 2549801 rambo1028
rambo1028's picture

Murder to excellence by Jay Z and Kanye West

"314 souls died in Iraq...509 in Chicago."

Really good song but couldn't find a good youtube of it. Check it out if you can. How does that saying go? Art imitates...?

Fri, 06/22/2012 - 01:17 | 2549959 Lednbrass
Lednbrass's picture

Jay Z and Kanye West?

I will just have to take your word for it, my hound dog barks better music than any rapper.

Fri, 06/22/2012 - 02:32 | 2550025 rambo1028
rambo1028's picture

I like music of all kinds... Cash is one of my all time favorites. I just think the lyrics, particularly Jay Z lyrics, are very insightful and indicative of the kind of world we live in. and I actually ended up really liking his music.

Fri, 06/22/2012 - 18:54 | 2552725 IrritableBowels
IrritableBowels's picture

Jay-Z sucks.  Listen to Nas for (more) truth.

Fri, 06/22/2012 - 13:18 | 2551699 GhostfaceCracka
GhostfaceCracka's picture

Jay Z is an exemplar of the thug lifestyle/ mentality that is responsible for probably 507 of those 509 murders. What's he doing, bragging? Hilarious when those no-account apes raise consciousness about a problem they part of and responsible for.

Fri, 06/22/2012 - 04:36 | 2550092 cranky-old-geezer
cranky-old-geezer's picture



How can there be any satisfaction with low death counts when we shouldn't even be in Afghanistan?

Fri, 06/22/2012 - 08:07 | 2550279 spankfish
spankfish's picture

LednBrass, I am a retired from the Baltimore Police.  You are right about Baltimore, the City that bleeds.  I worked the Southwestern, Northern and Eastern Districts of Baltimore.  Baltimore is an extremely violent city and with Kill-A-Delphia to the north and the logic free zone of DC to the south... murder in the news is never far behind.

I remember one murder scene in particular when a van rolled up at Old York & 41st St. The doors slide open and young black men wielding 7.62X39 caliber firearms unloaded on a crowd.  It looked like a war scene out of downtown Beirut.  Just a little drug war between the peeps.  I think the drug gangs in this country would give the Beirut militiamen a run for their money.  These guys are territorial and dissing them brings instant retribution.

Thu, 06/21/2012 - 21:33 | 2549504 Buck Johnson
Buck Johnson's picture

I totally agree with you.  The trillions that was used to bailout and backstop in guarantees banks and the trillions in killing could be used to make the US into a paradise.  New technology, orbital manufacturing for new materials, research and developoment into new rocketry and propulsion for inter-planetary and interstellar travel etc. etc..  We could remake the US into a place of the future.  But what is happening is our money is being used to maintain a status quo of powerful elite who wants everything to stay the way it is for as long as they can.

Thu, 06/21/2012 - 21:47 | 2549562 Wjunk
Wjunk's picture

And you would rather the money be extracted from the earners to fund all this - so we can still knee deep in debt to create paradise?  How 'bout we just leave the money in the people's hands to make their own mini-paradise.

Thu, 06/21/2012 - 23:00 | 2549740 Lednbrass
Lednbrass's picture

No, no, no- havent you watched Star Trek? His future world has global centralized government and electronic credits for all. Just let go of your greed and become a global citizen, give the wise planners what they want from you and we can create interstellar ships allowing us to go to war with as yet undiscovered aliens in the future. The stimulative effect of galactic war will be tremendous.

It will work, TV says so.

Fri, 06/22/2012 - 00:21 | 2549893 Bollixed
Bollixed's picture

With as many Space Cadets as we have running things you'd think we could have polluted Pluto by now.

Fri, 06/22/2012 - 09:44 | 2550630 tarsubil
tarsubil's picture

Hey, don't rip Star Trek too much. It has latinum (space gold) and the Federation of Planets (more autonomy than a Republic).

Thu, 06/21/2012 - 23:48 | 2549836 rambo1028
rambo1028's picture

Did you ever think that if the money was left in the peoples hands that we might actually be capable of doing great things like the he suggested? With all of our funds at our disposal, I think our ingenuity would be astounding...just sayin

Sun, 06/24/2012 - 02:18 | 2555230 BotMightFly
BotMightFly's picture

Interesting concept 'leave the money in the people's hands to make their own mini-paradise' and I agree, this is a wonderful idea, something I've supported for decades.

However, from bottom to top, the transformation to a third world style of government in the US is complete.  Agenda 21 NGO via ALEC (American Legislative Exchange Counsel ) sell memberships (insert search engine) to rewrite state laws Alec rewrite state laws On the county level, ordinances are drafted for Community Development profit and targeted at people, groups, places, and targets of opportunity - political discretion. 

From the no-bid zero law change after Iraq war and several private companies getting caught for overcharging, intentionally destroying trucks for a flat tire, the list is long and not one change in the law to deal with that, how real is the corporaticracy being democratic or fair when they have been anything but...

Fri, 06/22/2012 - 04:58 | 2550103 cranky-old-geezer
cranky-old-geezer's picture



The right outlook is don't give trillions to anyone.

Between taxes and inflation (a hidden tax) 50% - 60% of people's income is taken by government (at all levels).

No economy can survive that.  No society can survive that.


Thu, 06/21/2012 - 21:47 | 2549566 Go Tribe
Go Tribe's picture

Forget about fixing all that stuff. Why doesn't the USA simply give us back our taxes?

Thu, 06/21/2012 - 21:57 | 2549601 Bansters-in-my-...
Bansters-in-my- feces's picture

Why is the USA wasting trillions on spraying my sky with CHEMTRAILS...???

Or is someone or some corp making big profits off of it.????

Spraying us with chemicals daily is terrorism.

It is denied by the govt,but if you can not see it daily you are fucking reterded or blind,or both.

STOP FUCKING SPRAYING ME...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 06/21/2012 - 23:35 | 2549806 Cathartes Aura
Cathartes Aura's picture


choose your source:

and for those who downvote, give yourself some time to read some pages here:

there are many different versions of "reality":

Fri, 06/22/2012 - 02:37 | 2550028 rambo1028
rambo1028's picture

Now you guys are goin to have me noided out about chemtrails. Thanks man! My family already thinks I am looney lol...but that hasn't stopped them from doing some basic prepping at my advice...

Fri, 06/22/2012 - 02:47 | 2550033 Cathartes Aura
Cathartes Aura's picture

if you're looking into detoxing aluminium from your body, cilantro is good - but be sure to take chlorella daily as well - the cilantro will free up the aluminium, but you'll need the chlorella to bind it and carry it out of the body, otherwise it just settles in again. . .

if you're home gardening, test your soil as well. . .

best wishes.

Fri, 06/22/2012 - 12:02 | 2551376 optimator
optimator's picture

Definitive absolute proof of those chemtrails and what they are:


Fri, 06/22/2012 - 19:43 | 2552817 Cathartes Aura
Cathartes Aura's picture

awww petal, you can't learn about "chemtrails" when your search words are "contrail+photo". . . bless.

you don't have to "believe" in something for it to be real though, you just have to not want to know about it, irrespective of its existence.  any effects will no doubt be ascribed to a more .gov approved explanation. . .

Thu, 06/21/2012 - 22:11 | 2549628 Randall Cabot
Randall Cabot's picture

"Also leave the Iranians alone. They are no threat to the US and Israel, except in the minds of people who like to profit from war, killing others for money."

If you think it is only about money, you are a moron.

Thu, 06/21/2012 - 23:29 | 2549763 DaveyJones
DaveyJones's picture

you're "right" it's also about religious freaks in our government and military

but as usual, they are only tools of .... the money

Fri, 06/22/2012 - 13:41 | 2551750 GhostfaceCracka
GhostfaceCracka's picture

You are talking about Jews, right?

Fri, 06/22/2012 - 01:21 | 2549962 Excursionist
Excursionist's picture

Agreed about other motives.  Let's allow a theocratic state, run by old sexually repressed idiots who believe they'll get 70 virgins in paradise if they make the ultimate sacrifice for Allah, a nuclear bomb.  Absolutely fuckin' brilliant.

And yes, Iran is trying to negotiate for the "peaceful" use of their uranium enrichment because the country really doesn't have uranium enrichment technology and facilities.  Err, yeah... irrefutable logic.

Sending them to meet their Allah (sooner) would be an excellent use of my tax dollars for a change.

Thu, 06/21/2012 - 22:42 | 2549692 Eireann go Brach
Eireann go Brach's picture

Tyler, why are you not covering Germany vs Greece at the Euros tomorrow? Banzai too? Merkel is going to be in the stadium tomorrow, surely Merkel is going to take a public pounding tomorrow?

Fri, 06/22/2012 - 01:14 | 2549955 CCanuck
CCanuck's picture

She's taking a pounding right now, got'em all lined-up, Greece, Italy, Spain, Portugal.


Fri, 06/22/2012 - 00:09 | 2549868 F. Bastiat
F. Bastiat's picture

You confuse the "US" and the "USG".

Fri, 06/22/2012 - 06:47 | 2550171 WTFx10
WTFx10's picture

BANKSTERs make no money on those things. More to be made rebuilding what you have destroyed.

Fri, 06/22/2012 - 07:42 | 2550236 Escrava Isaura
Escrava Isaura's picture

Colombia Gringo,

See if this helps. By Mannfm11 at Market Thicker:

“You have to understand the real basis of American economics.

War is the bubble. Peace breaks the bubble.

By America having wars…,

even when unwinnable,

it keeps its bubble”

Fri, 06/22/2012 - 11:10 | 2551109 rotagen
rotagen's picture

As long as its good for israel.

Thu, 06/21/2012 - 21:19 | 2549457 Cognitive Dissonance
Cognitive Dissonance's picture

At the risk of committing sacrilege... who exactly is the Ludwig von Mises Institute of Canada and are they connected with the Ludwig von Mises Institute.

Thu, 06/21/2012 - 21:21 | 2549467 disabledvet
disabledvet's picture

Not only that but i thought it has now been admitted that the President and Israel were the one's who hit Iran with the cyber attack. If that's now "an act of war" does a Sovereign Nation have a right to self-defense? And "can they use the Bush Doctrine of Pre-emptive War" as a method of "said defense"? Not that there wasn't an order for the go ahead from Congress i'm sure. Or is that investigation into "how it was leaked in the first place"? I'm i not making sense here? Now excuse me while I turn La Paz Bolivia into the wealthiest place on earth...

Thu, 06/21/2012 - 21:50 | 2549577 BLACK_DOG
BLACK_DOG's picture

Bolivia uses Israeli-made drones!

Thu, 06/21/2012 - 22:35 | 2549674 i-dog
i-dog's picture


"excuse me while I turn La Paz Bolivia into the wealthiest place on earth"

Good luck with that!

"Bolivian police earn about $144 a month and were not appeased by a 7 percent government-decreed wage increase this year."

Thu, 06/21/2012 - 22:51 | 2549715 disabledvet
disabledvet's picture

watch as "250 billion in social media money follows Mr. Assange there."

Thu, 06/21/2012 - 23:19 | 2549776 DaveyJones
DaveyJones's picture

you forgot, when we do it, it's on the side of right, when they defend, well...

Thu, 06/21/2012 - 21:30 | 2549493 CPL
CPL's picture

Yup.  Even have a Hellfire club up in Montreal.

Thu, 06/21/2012 - 21:36 | 2549517 Dr. Sandi
Dr. Sandi's picture

I'm guessing the Ludwig von Mises Institute of Canada would be a couple of guys with a plan who know that dead people can't sue you for the use of their name. (Unless the deceased is Walt Disney.)

At least this epic tome from LvMIoC isn't a complete whore's night out for the Sociopath's Club. But they've already spent all their coinage with me on previous rants, despite the colorful cover of the von Mises umbrella.

Now, if they show some real scrotal fortitude and change the name to "The Walt Disney Institute of Canada", then I'm there, cheering them on through 20 years of lawsuits. Especially if they can get back to railing against the wasteful use of money to keep useless widows and orphans alive.

Walt's frozen head would be smiling.



Thu, 06/21/2012 - 21:46 | 2549561 illyia
illyia's picture

Good Question. But it was a factually correct article otherwise, as far as I can see.

Thu, 06/21/2012 - 23:48 | 2549835 slewie the pi-rat
slewie the pi-rat's picture

this is not factually correct imo b/c it treats the US as a monolithic society;  he may wish to do that for his propaganda and lying purposes, but that does not make it true

let me give an example:  after he posits the question of why the truth about the civil was isn't taught in public school (as if he were in charge of either truth or public education), apparently it is b/c of war and we just hafta lie about war b/c the real reasons would make us seem like murderers instead of patriots interested in Justice and Love

anyhow, he comes up with [Paste} One would think with such a rich history of political patronage in the death industry, Americans would be adamantly opposed to war. {end]

this is what i mean by monolithic;  slewie is american and slewie is fine with non-violence as are many here;  i don't like the death penalty and killing people is not my idea of a good idea

every time a read this guy i feel duty-bound to point out that he is an ideologue and as such cannot think straight and may be quite dangerous  by creating ideological "reasons" to do things politically in the US which would perhaps increase the chances of WAR (!)

liberals and ivory-tower keynesians are not the only shitheads who can offer bullshit policies or ideas w/ unintended consequences

although i appreciate any attempt to cut thru the propwash, a hackneyed ideologue spiel doesn't hack it;  the object is not to replace one set of blinders with another set of blinders

politically, our choice as americans this year will be pretty simple; one of these candidates may actually be more able to control the military adventuring from here than the other in the sense of dampening it from here politically

if you care about peace at all you will think thru that yourself, for these two asswipes;  i would suggest not using the "objective analytical skills" of this author in approaching that question of these two creepy political hacks

there is nothing in this guy's "work" which is original; however, i shall not again ask tyler to spare us this stale fare

not when we have all this to study...  as people devise new ways to make friends and influence others who are apparently asleep

myself, maybe let them sleep and just try to navigate around them rather than try to enlist them in something which has neither plan not direction but is surely necessary... 

what is surely necessary at this point is for a whole lot of people who have been pretending to be awake... go back to sleep...    {get it?  L0L!!!]

Thu, 06/21/2012 - 23:59 | 2549853 potlatch
potlatch's picture

indeed.  ideology even when tricked out with a full history regalia (Look!  I go back to the Civil War!), is no substitute for a broad and deep education, in which simply knows the panorama of history and ideas, from ancient to modern, much as a child knows their times tables, and then such little puzzles and conspiracies like this get really tedious to read...

Fri, 06/22/2012 - 02:08 | 2549924 slewie the pi-rat
slewie the pi-rat's picture

you don't understand my political sense here, perhaps

i mention this b/c tyler just  recently started  featuring this jackass 3-4X/week here; and as we see from the zH ads, politics pays

people who believe in coincidences where idieologues are concerned around big political elections can ride my unicorn over to see the toothFairy, ok? and plead "innocent" when they get there, too!

so this is fun! seeing if people can wake up to propaganda or pretend they are awake as they react to the stimulus of "truth in history" according to a set of orthodox beliefs

this guy is talking about american "thought", truth, and education in an election year BUT there is NO AUSTRIAN CANDIDATE

as tyler sez:  everybody's got an agenda

tyler's business is tyler's business;  this link is from this page and is on every zH page below the logo in the topRight corner, weighing in for the fight tonight at..., ...manifesto

i am a student of austrian economics and this political analysis is not horrid to me except in its insistence on the monlithic nature of "americans"

but that's not nothing to slewie;  that is not truth;  that is a convenient lie for the sake of propaganda imo

this guy is so bad he reminds me of annCoulter;  tyler puts this shitheaded ideologue up, he's on my dance card:  zH101

to the best if my knowledge, austrian economics does not insist upon the monolithic nature of americans politically; and i don't enjoy people from other nations propagating lies about americans' beliefs or something on zH;  not enuf traffic on the home site?  tyler's agenda?

again, the fact that i agree with much of this doesn't excuse me from noticing what he is doing here, ideologically;  the compulsion to explain everything according to orthodoxy is the hallmark of ideological marxism, catholicism, and our author here, also;  it is a tell;  if he admits a flaw in the canon, he has failed as an ideologue

he's very good at displaying this tell 3-4X/week, but on zeroHedge?  priceless!  Hahaha!

Fri, 06/22/2012 - 06:50 | 2550177 falak pema
falak pema's picture

for once you sound sober on your bicycle.

Thu, 06/21/2012 - 21:22 | 2549469 RiverRoad
RiverRoad's picture

Where have all the flowers gone?

Thu, 06/21/2012 - 21:23 | 2549471 Seize Mars
Seize Mars's picture

This is a great article.

Forgive me friends, because I know I've typed this before, but I really recommend reading "A Century of War: Anglo-American Oil Politics and the New World Order" by this guy Engdahl. As I learned in this book, we've been pestering and haranguing the Iranians for nearly a hundred years. Well I shouldn't say "we." I mean, well the usual suspects: Rockefellers et al.

Anyways this warmongering is bad.

Thu, 06/21/2012 - 21:28 | 2549486 disabledvet
disabledvet's picture

Oil is getting hammered. You could argue "it's because we went to war for oil in Iraq." However I would agree "something about the whole wrecked economy thing" probably had just a wee bit to do with it. Of course this new variant is to DENY Iran the ability to EXPORT oil. Hmmmmm. How is that "helping"? At least if i steal your oil "there could be construed to be beneficiary" ("me the thief.") When I deny you the ability to sell your oil precisely who at all benefits? Not even the criminal, no?

Thu, 06/21/2012 - 21:32 | 2549500 fonzannoon
fonzannoon's picture

everyone is running towards the burning house (the dollar). they will run away at some point and the spike will be eye popping

Thu, 06/21/2012 - 21:38 | 2549529 Harlequin001
Harlequin001's picture

That will be th e instant that Europe actually goes bang. Then watch what happens to the USD the instant there is a new European alternative not linked to collective debt...

or gold. The clock is ticking...

Thu, 06/21/2012 - 21:52 | 2549583 disabledvet
disabledvet's picture

You're talking to the guy who called "Europe going bang" three years. And "they have gone bang" have they not?'s not the Fall of France followed up by a true "horror of horror's." Who would wish for that? But trying to break the dollar cartel (and i do agree with you it is a cartel) is everywhere and always a Bridge Too Far in my book.

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