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Stockman: "Ron Paul Is Right: The Fed, And The Lunatics That Run It, Are The Heart Of The Problem"

Tyler Durden's picture




 

Former Reagan OMB Director David Stockman was 'allowed' on CNBC this morning - much to their chagrin now we suspect - and espoused his own brand of truthiness, starting with this epic tirade:

"Ron Paul is the only one who is right about the Fed, and the Fed is the heart of the problem. They have destroyed the capital markets and the money markets; interest rates mean nothing; everything is trading off the Fed and Wall Street isn't even home - as it's now a bunch of computers trading word-clouds emitted by this central banker and that"

In this environment, he goes on, everyone is being given the wrong signal - i.e. the Ryan/Romney campaign is abnout restoring vibrant capitalism; how can you do that when the financial markets are dead - the lifeblood of a capitalist system. And that is the problem today.

 

An excellent discussion ensues diving into the lack of fiscal discipline (that is enabled by a Fed ZIRP) as "[politicians] will never do it when you can keep borrowing free-money forever" and summed up nicely with this subtle sentence:

"The Fed (and the lunatics that run it) are telling the whole world untruths about the cost of money and the price of risk."

 

 

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Mon, 09/10/2012 - 10:10 | 2778202 kito
kito's picture

Ryan/Romney.......big talk about small government.......big actions towards big government.........

Mon, 09/10/2012 - 10:34 | 2778264 Precious
Precious's picture

Lick My Ass - Bitch

Bernanke, starring as Poppa Smurf (R-Rated)

(If you think this overstates the problem of Bernanke, fuck you too, and enjoy your Happy Meal).

Mon, 09/10/2012 - 10:36 | 2778313 Almost Solvent
Almost Solvent's picture

Too bad this poor soul will suffer a heartattack in the next few weeks.

Mon, 09/10/2012 - 11:09 | 2778446 Tijuana Donkey Show
Tijuana Donkey Show's picture

He didn't have that heart attack all by himself, he had help building up to it. Thank Micky'Dz, HFCS, and super SIZE!

Mon, 09/10/2012 - 13:31 | 2778989 Buzz Fuzzel
Buzz Fuzzel's picture

I think ALMOST was making reference to a Breitbart sort of heart attach or perhaps a Vince Foster sort of accident.

Mon, 09/10/2012 - 20:36 | 2780377 Colonel Klink
Colonel Klink's picture

They didn't create their own death....

Mon, 09/10/2012 - 10:58 | 2778353 TonyCoitus
TonyCoitus's picture

Republicans know big government is wrong and talk about reducing its size, but never do.

 

Democrats think big government is the solution.

 

Who are you going to vote for?

 

I know what Obummer is about, and I'm willing to give Mittens a chance.

 

If (when) the SHTF, I don't want that crazy O'bastard in control.

Mon, 09/10/2012 - 11:00 | 2778415 toady
toady's picture

If you don't want a crazy bastard in charge you're out luck. Willard of the magic underware may be even crazier than the current dufus!

And I definitely don't need the plural marriage thing. Just one is driving me insane!

Mon, 09/10/2012 - 13:55 | 2779105 AldousHuxley
AldousHuxley's picture

republicans will sell you "small government" then go in to debt for war to subsidize the military industrial complex andoi lindustry

democrats will sell you "more government"

 

BECAUSE THEY BOTH ARE IN THE BUSINESS OF TAXING YOU STUPID

 

Mitt Romney is going to increase debt spending just like every republican last 40 years.

Mon, 09/10/2012 - 11:01 | 2778419 Bay of Pigs
Bay of Pigs's picture

I junked you for saying Republicans know anything about cutting spending and reducing the size of gov't, and for suggesting that Mittzle isn't a  crazy bastard.

He is a rotten evil warmongering son of a bitch. Wake the fuck up. 

Mon, 09/10/2012 - 11:11 | 2778454 TonyCoitus
TonyCoitus's picture

Mittens is the lesser of two evils by a mile.

Not voting is not an option for me.

Mon, 09/10/2012 - 11:19 | 2778493 Bay of Pigs
Bay of Pigs's picture

There is no such choice there. You are sadly mistaken.

Mon, 09/10/2012 - 11:28 | 2778535 kito
kito's picture

Poor tony.......another partisan parrot pimped by the progressives......wake up tony and get a clue....they are exactly the same.....both intent on squeezing you for everything you are worth......both big government with the same masters...

Mon, 09/10/2012 - 11:59 | 2778632 donsluck
donsluck's picture

Well, not EXACTLY the same. I find it amusing that the first black president is being challenged by a Mormon. The Mormons have codified racism, from here into heaven. Just ask a Mormon which level of heaven a Deacon can get to, and which maximum level of heaven a darky can get to.

Mon, 09/10/2012 - 12:31 | 2778754 Overfed
Overfed's picture

Don't forget that (according to Mormon doctrine) American Indians were once white, but God cursed them with dark skin after they turned their back on the teachings of Jesus.

Mon, 09/10/2012 - 14:01 | 2779140 AldousHuxley
AldousHuxley's picture

Mormons = Morons

 

some sick fuck wanted multiple wives so he created a religion as a cover....then he found out it came with tax benefits, so he created an empire.

 

Mormon church owns lots of land and livestock...best doomsday preppers in the world.

Mon, 09/10/2012 - 16:18 | 2779687 Random_Robert
Random_Robert's picture

The Book of Mormon is a fantastical farce on par with anything George Lucas (or Scientology) might have cooked up..

 

Wait- scratch George Lucas from that - at least George's stuff is entertaing.

Tue, 09/11/2012 - 22:15 | 2783996 ZeroAvatar
ZeroAvatar's picture

One thing Mormonism (a totally laughable religion...wait, they all are!) has going for it is it's strictly an AMERICAN religion.

 

Islam.....uhhh, not so much.  (Obeyme)

Mon, 09/10/2012 - 11:30 | 2778546 Sofa King Confused
Sofa King Confused's picture

Its an illusion people.  If voting changed anything they would make it illegal.

Mon, 09/10/2012 - 12:24 | 2778725 A Nanny Moose
A Nanny Moose's picture

Can we vote to outlaw The State?

Mon, 09/10/2012 - 14:07 | 2779168 AldousHuxley
AldousHuxley's picture

only when elites have the world government ready for you on the ballot.

 

they willl let you vote and think you decided it for yourselves when it was all orchestrated for you.

 

 

 

 

Mon, 09/10/2012 - 19:52 | 2780277 A Nanny Moose
A Nanny Moose's picture

This choice thing is so hard. Can't they just narrow it down to a couple of choices, ahead of time. It would greatly ease my choice anxiety.

Mon, 09/10/2012 - 11:43 | 2778587 Apocalicious
Apocalicious's picture

Ah yes, the binary argument. Either my side is better, or neither is any different.

 

Unfortunately, you are sadly mistaken as well, for there is a choice, however small it is. Changing the angle of descent a few degrees does in fact provide a longer runway.

 

Neither will (nor truly can) fix anything, but maybe one will make things deteriorate a little less quickly than the other. That, in its own way, is something.

 

True change may have to come exogenous to the system, I'll grant you that. But first, do no harm.

Mon, 09/10/2012 - 12:20 | 2778709 exi1ed0ne
exi1ed0ne's picture

Neither will (nor truly can) fix anything, but maybe one will make things deteriorate a little less quickly than the other. That, in its own way, is something.

 

Fuck you.  Bring it on right motherfucking now.  Kicking the can is morally bankrupt, and I refuse to push out a problem for a little added comfort now.  Expecially when that comfort is paid for by the blood and tears of future generations.  All this talk about delay the pain is EXACTLY how an addict views his/her dependancy.  Been there, and it does not get better the longer you wait.  In fact you are WORSE OFF and have LESS chance of success because your resorces (health, wealth, freedom to choose differently) are further depeted.

There is ZERO choice between either sockpuppet.  ZERO.  If I could escape this loony bin I would do so, but it is truely a prison planet aided by compromising, rationalizing idiots like yourself.

"It is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth, and listen to the song of that siren, till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be of the number of those who, having eyes, see not, and having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry

Mon, 09/10/2012 - 12:33 | 2778759 govtsucks
govtsucks's picture

+ 1000

Mon, 09/10/2012 - 13:17 | 2778918 Apocalicious
Apocalicious's picture

I'm oblivious to the truth? Please. You are a ranting idiot.

 

How am I kicking the can? What strings do I pull? What illusions of hope? You're the hope-filled idiot because YOU THINK IT CAN BE CHANGED by speeding it up, or crystallizing some shit today. Good luck, fool.

 

This playbook has happened in history before, junior. Its going to end the way it always has. I'm just trying to not get blown up when the bombs start falling, dipshit. I don't give shit if that means delaying the bombing runs or just getting out of the way, but either way I'll guarantee you that me and my family won't be in them.  

 

No, little whiny PUKES like you abdicating the few levers you actually have at your disposal aren't part of the problem, IT'S ALL ME. I don't see you arming any revolutionary forces or starting any viable third parties. Run for office! What the FUCK are you doing different that makes you think you aren't the problem, but I am?  

 

In conclusion, FUCK YOU, YOU SHIT EATING SELF RIGHTEOUS MOTHERFUCKER.

 

Mon, 09/10/2012 - 13:22 | 2778939 Apocalicious
Apocalicious's picture

In fact you are WORSE OFF and have LESS chance of success because your resorces (health, wealth, freedom to choose differently) are further depeted.

 

Not if you work hard, economize and save, like me. The longer the runway, the more time you have to save, idiot. Or, you could rant and rave, and waste money on stupid shit and then be one of those idiots who says, "We just couldn't see it coming." I choose the former. Hence, I choose more time. Feel free to take accountability for your own future someday.

Mon, 09/10/2012 - 13:22 | 2778940 Apocalicious
Apocalicious's picture

In fact you are WORSE OFF and have LESS chance of success because your resorces (health, wealth, freedom to choose differently) are further depeted.

 

Not if you work hard, economize and save, like me. The longer the runway, the more time you have to save, idiot. Or, you could rant and rave, and waste money on stupid shit and then be one of those idiots who says, "We just couldn't see it coming." I choose the former. Hence, I choose more time. Feel free to take accountability for your own future someday.

Mon, 09/10/2012 - 20:45 | 2780391 crusty curmudgeon
crusty curmudgeon's picture

Hey, ExiledOne - what gives?  I tried to vote up for you but can't.  Are you some sort of superuser, or untouchable comment king?  It seems I ran up against this before--also when wanting to vote up.  Tyler probably explained this somewhere but, as usual, I'm in the John when the donuts show up.

Tue, 09/11/2012 - 09:45 | 2781436 exi1ed0ne
exi1ed0ne's picture

It's the quoting that messes up the vote buttons.  I forgot to add a space or dot before the quote.

Mon, 09/10/2012 - 16:11 | 2779642 Panafrican Funk...
Panafrican Funktron Robot's picture

"Unfortunately, you are sadly mistaken as well"

It is actually you who is sadly mistaken.  

"there is a choice"

No, there is not.

"maybe one will make things deteriorate a little less quickly than the other"

Runaway train on a broken down, rusted out track.  If either human steps in front of that train, you're talking about slowing that train down perhaps 1/100th of a MPH difference between the two.  Statistically insignificant.

"But first, do no harm"

In the event you must, out of some deep seeded belief that it matters at this point, vote for an actual conservative (Gary Johnson) or an actual liberal (Jill Stein), and let them know that you give a shit about a real democracy.

Tue, 09/11/2012 - 22:25 | 2784016 ZeroAvatar
ZeroAvatar's picture

You know, the more I think about it, you're right......there's no difference.

 

I've decided I don't care if Oloser gets re-elected.  I HOPE he's in the White House when this all goes down.

 

Oblowme will be the laughing stock in history books for centuries to come!

 

Mon, 09/10/2012 - 11:28 | 2778524 toady
toady's picture

I could, almost, partially agree, but we really won't know how much of a crazy bastard he is until he gets in the office. Everything I've heard from him/them conforms with the current crazy bastard, deviating slightly into crazier territory on some things, a little less crazy on others, but they are really too similar to make a difference.

No , I guess I don't agree after all. They are both equally crazy bastards.

 

Mon, 09/10/2012 - 12:28 | 2778743 A Nanny Moose
A Nanny Moose's picture

I am sorry that your capacity to "think" is limited to bipolar solutions. I am sorry that the system gives you a voice.

Mon, 09/10/2012 - 15:27 | 2779460 RockyRacoon
RockyRacoon's picture

Thinking doesn't seem to be a prerequisite for posting a comment.  Just as it doesn't appear to be a necessity to become a talking-head.  Joe Kernan is a dick.

I find it disheartening that someone like Stockman is news.  Telling the truth is now a man bites dog story.

Mon, 09/10/2012 - 19:53 | 2780279 A Nanny Moose
A Nanny Moose's picture

Controlled opposition?

Mon, 09/10/2012 - 13:23 | 2778943 LosOsos
LosOsos's picture

Personally I'm not voting cause I can't give my moral support to either candidate. However, I would rather see Obama in office if the SHTF in this 4-year period. The implosion of the economy is mathematically inevitable, neither "side" can stop it, but I'd rather have a liberal in office when it goes down so it doesn't get blamed on the republicans pseudo-austerity. In the words of Matt Stone, " I hate conservatives, but I really fucking hate liberals".

Also, while the economic collapse is certain, war in the middle east is not. I'm going WAY out on a limb here, but if Obama is in office I think there is a greater chance to catalyze the more right-winged segment of our population creating a larger anti-war segement.

All in all the wheels will keep turning. I'm going to grab some beer and a blunt, sit back and watch the fireworks.

Mon, 09/10/2012 - 10:59 | 2778411 stocktivity
stocktivity's picture

Stockman for Fed Chairman!!!

Mon, 09/10/2012 - 13:15 | 2778905 JR
JR's picture

So, America needs a new Fed chair! To do what? To keep the casino running so the Fed banksters can continue their economic rape of the American people? Never mind, of course, that since 1913, as James Mann puts it,  “America has fallen from a prosperous debt-free nation to the most debt-ridden country in the world,” and “practically every home, farm, and business is heavily mortgaged to the bankers" and "practically all our cars, furniture, and clothes are purchased with borrowed currency.”

And, now, at practically zero cost to the banksters, "the interest to the bankers on personal, state, and federal debt totals more than 25% of the combined earnings of the working population!”

America don’t need no stinkin’ Fed chair, stocktivity, 'cause America don’t need no stinkin’ Fed!

 

Mon, 09/10/2012 - 11:46 | 2778575 DosZap
DosZap's picture

kito,

U R back.............................................what the hell is the difference in them, and what we have been SADDLED with for 4 years?.

N_O_N_E

Mon, 09/10/2012 - 20:34 | 2780372 Colonel Klink
Colonel Klink's picture

RR/OB - two heads of the same snake.  Nothing will change until the whole thing comes crumbling down.  Prepare for a long hard slog.

Mon, 09/10/2012 - 10:11 | 2778206 asteroids
asteroids's picture

Close, the real problem is the lack of moral courage of politicians to do the right thing. That being to let bankers take loses, no matter how tragic. Japan waited too long. The US and the Europe will repeat.

Mon, 09/10/2012 - 10:25 | 2778269 Woodyg
Woodyg's picture

Moral courage to the wealthy and the guv seems to be blaming poor people for taking food stamps in order to eat when the jerkoff fed and their true welfare cheats the banksters sit back and enjoy the profits derived from destroying the job and housing market.

That moral courage?

Mon, 09/10/2012 - 10:46 | 2778345 Pladizow
Pladizow's picture

If you have no nuts, you have no balls!

Mon, 09/10/2012 - 11:46 | 2778599 Apocalicious
Apocalicious's picture

Taking food stamps to eat? Please, most people on food stamps are morbidly obese.

Less than 1% of the population is actually underfed.

Mon, 09/10/2012 - 16:17 | 2779682 Panafrican Funk...
Panafrican Funktron Robot's picture

"Please, most people on food stamps are morbidly obese."

The cost of appropriately feeding yourself with stuff that doesn't make you a walking death sentence is fairly prohibitive at this point, in the absence of land, gear, and most importantly, time to work your own small scale farm.  

Mon, 09/10/2012 - 20:40 | 2780385 Colonel Klink
Colonel Klink's picture

Well if one was smart, seeds can actually be purchased with food stamps.  Given proper planning you could feed yourself.  Problem is that's too much work for the average useless eater.

Mon, 09/10/2012 - 10:26 | 2778271 spanish inquisition
spanish inquisition's picture

Haha. You mentioned moral courage and politicians in the same sentence.

Mon, 09/10/2012 - 20:42 | 2780388 Colonel Klink
Colonel Klink's picture

Sweet your avatar looks like the German court. Ironic....no?  They just have slightly different funny hats.  Still doing the same job though, judging others.

Mon, 09/10/2012 - 10:27 | 2778273 odatruf
odatruf's picture

I am constantly at war in my own mind over this.

Is it really the politicians who lack courage or is it the voters?  Politicians respond to the cues and votes we cast. So far, "courage" as you are using it here (i.e., making tough choices, saying no, talking stright, etc.) is punished by voters at the ballot box. 

Politicians should be leaders, of course, but they must also represent our demonstrated views. Chicken begets egg begets chicken, and so on.

I think the only thing that will break the cycle is the market forcing the issue by taking away the enabling mechanisms.

 

Mon, 09/10/2012 - 10:32 | 2778297 crusty curmudgeon
crusty curmudgeon's picture

Paraphrasing Mark Twain (because I'm too lazy to look it up):  If voting made any difference, they wouldn't let us do it.

Stop playing the rigged game, "the illusion of making a difference" (aka voting).

Mon, 09/10/2012 - 10:49 | 2778355 odatruf
odatruf's picture

crusty - the game is rigged in the sense that inertia and the status quo are hard to overcome. And that there are people who benefit from the way things are who fight change and even the idea of the possibility of change to keep their rent seeking party rocking.  But, it isn't so rigged as to prevent actual change. The mechanisms for doing so exists, we just need to decide and agree on the path - then take the first hard steps in that direction.

 

Mon, 09/10/2012 - 11:37 | 2778569 crusty curmudgeon
crusty curmudgeon's picture

I agree with you but I think it's better to stop playing the rigged game and throw it out in favor of a better system.  Why?  Because it's ineffective if not dangerous to pretend voting for one major party or the other actually makes any real difference.  Both paths lead to the slaughterhouse.  Let's not get distracted about which one has the prettier scenery.

Mon, 09/10/2012 - 12:02 | 2778643 donsluck
donsluck's picture

Apathy is cowardice. Sack up and campaign for someone you can believe in, obviously not the dems or reps.

Mon, 09/10/2012 - 12:05 | 2778652 odatruf
odatruf's picture

don - I don't agree. Apathy is a fully rational outcome of the status quo. It takes a touch of the irrational to get involved, even though that's what I do and support (see my own response below).

 

Mon, 09/10/2012 - 13:37 | 2779013 holdbuysell
holdbuysell's picture

That's effectively how Rome ultimately fell. The people simply gave up on protecting/saving the status quo. You might call it 'peak apathy'.

Mon, 09/10/2012 - 13:09 | 2778893 crusty curmudgeon
crusty curmudgeon's picture

If you are confusing apathy with not voting, then you are, well, confused. I don't begrudge anyone who supports someone they believe in and votes for them--it's a hell of a lot better and more effective than voting for the "lesser of two evils."  But I'd rather send the message that they don't have my "buy-in" for their corrupt game.  I'm removing my consent to the whole charade.  I'll grant you that I am doing the same thing (not voting) as the apathetic, but there's a world of difference in why I'm doing it.  If you don't understand the difference, I respectfully suggest the following (excellent) essay is well worth your time...The Discourse of Voluntary Servitude by Etienne de la Boetie

Mon, 09/10/2012 - 12:02 | 2778645 odatruf
odatruf's picture

crusty - I fully agree that neither party has much to offer except more of the same and saving their own tribe's loot. But not voting has what as a hoped for end game? That an even lower participation rate will trigger change on its own? That the rate will become so embarrassing to those in charge as to force the matter? That us on the outside will be spurred to action by the embarrassingly low rate? That someone else, somewhere else will not longer see results as legitimate?

Any of those are possible, but improbable.

 

 

Mon, 09/10/2012 - 12:45 | 2778793 madbuilder
madbuilder's picture

start a write in campaign for 'no confidence'.  lets quantify the level of distrust in this mess

Mon, 09/10/2012 - 15:24 | 2779448 RockyRacoon
RockyRacoon's picture

And you're assuming the seat will go vacant due to a no-confidence vote?  Nope.

It will only take a handful of voters to make your proposal moot.

The candidate with the biggest family wins!

Mon, 09/10/2012 - 15:39 | 2779496 odatruf
odatruf's picture

Unless there is someone with the legal name No Confidence who is eligible.

Imagine their surprise when they now have the job of POTUS. :0

Mon, 09/10/2012 - 13:24 | 2778951 crusty curmudgeon
crusty curmudgeon's picture

When you vote, you are granting your consent to the entire system.  The system is corrupt and it is fraudulent.  But whatever the outcome, you have no basis for complaint because you, knowing the rules, participated.  You give legitimacy to those in power.  When you refuse to participate in this corrupt charade, you do not give legitimacy to those who rule (or govern, as you might say).  For me, it's a moral choice.  We can debate which one is more or less "improbable" to effect change.  In the end, I promise you I'm happier than you are--for I am not churning this way and that way wondering who is responsible.  I know who is to blame.  And I am happy with my vote--of refusing to grant legitimacy to this corrupt system.

Mon, 09/10/2012 - 13:35 | 2779003 Apocalicious
Apocalicious's picture

Got news for ya. The system doesn't need your consent to excercise its authority over you, pal. Government is a monopoly on force.

Mon, 09/10/2012 - 14:02 | 2779116 crusty curmudgeon
crusty curmudgeon's picture

Actually, it does. That is my point. When enough people vote, they grant consent on behalf of society.  Rulers cannot rule without consent of those they rule over.

Mon, 09/10/2012 - 15:36 | 2779490 odatruf
odatruf's picture

crusty - I appreciate your replies and thoughtful answers.

I agree your path would be the better one if enough people did it so that those same people then realized that they can organize and take positive action.

 

Mon, 09/10/2012 - 16:37 | 2779753 Panafrican Funk...
Panafrican Funktron Robot's picture

I agree with Crusty's thinking here, the very action of voting maintains the lie of democracy.  I refuse to participate in that lie.  

Mon, 09/10/2012 - 14:20 | 2779214 Cathartes Aura
Cathartes Aura's picture

"voting" is participation in their reality - however you vote - which encourages your mind to continue debating solutions 'n' sides 'n' who is better than who. . .

closing the door on the whole "voting" game allows your mind space to reconsider the reality we all labour under from a whole new perspective - one that allows for more truths to be apparent.

"voting" keeps you IN their game, which is of course a choice.  I'd rather NOT be in their game, but work with others of a like mind OUTside of their team spirit nonsense.

no one can escape what is in store for us, but some of us might be better prepared mentally to deal with it.

upVOTE 4 crusty.  heh.

Mon, 09/10/2012 - 15:59 | 2779583 Ima anal sphincter
Ima anal sphincter's picture

It's time to end their "game."

Every time I'm at the plate, the ball goes directly back to the pitcher. I'm out before I can even take one step towards first base. 30+ years of working in "their" game. I lose EVERY time.

Mon, 09/10/2012 - 19:00 | 2780140 Cathartes Aura
Cathartes Aura's picture

well, from your words (& hella funny avatar/name) it sounds to me like you've already "won" - we can't win in their game, the rules don't even allow for anything close. . .

BUT, we can win when we don't show up to play with 'em - I'm serious when I say, observe but don't participate, and within that we exist.

I'm thankful to not exist in a land targeted for destruction, experimental weaponry, terror, the whole game - "we" are immensely lucky in comparison, even understanding that eventually this may all be turned on the Homeland.

peace.  (inner first)

Mon, 09/10/2012 - 10:51 | 2778366 Abiotic Oil
Abiotic Oil's picture

Vote Robamney/Ryden 2012!!!

Mon, 09/10/2012 - 10:45 | 2778340 adr
adr's picture

In many cases there are more "voters" than voters. Sure they say there is no fraud, but that is a lie you can prove going to any polling place in the inner city.

Black churches that can seat 300 register thousands for early voting that supposedly all go to the church. The ministers and elders of the church fill out ballots for the congregation and send them in. Essentially a service so the welfare cases don't have to go out. Some of them of course go to vote anyway. When they are told that they already voted, they just say that they didn't, which is in fact the truth. After all there could be 100 Jamal Jones registered to vote. So they get to cast a ballot anyway.

Anyone that attempts to interject, is branded a racist and a vote suppresor. So an attempt to out the fraud isn't even made. So they are right when the claim is made that no voter fraud is found. You can't show any fraud if no accusations are made in the first place.

Let's also not forget about the thousands of pre-marked ballots that show up in the trunks of cars.

In the last election there were 10k+ ballots cast than voters registered in Cuyahoga County, OH. Those votes were counted and a big deal was made for one day. The matter was settled by the fact that if the votes were removed, Barack still would have won the county, so it didn't matter.

The real story is how many votes beyond the 10k were fraudulent as well.

Elections are a sham in America. A vote in Iran has more actual meaning.

Mon, 09/10/2012 - 10:52 | 2778374 A POOR EATIN STEAK
A POOR EATIN STEAK's picture

that seems like an awful lot of effort for an election in a country with only two parties, neither of which is distinguishable from the other in any meaningful capacity

Mon, 09/10/2012 - 12:22 | 2778722 jimod
jimod's picture

The difference is subtle, the dems are habitual liers, the repubs are pathological.

The dems veil their shame, the repubs veil their joy in deception.

Mon, 09/10/2012 - 12:34 | 2778763 Overfed
Overfed's picture

It's a nice distraction for the masses.

Mon, 09/10/2012 - 10:53 | 2778376 TonyCoitus
TonyCoitus's picture

Do you have a link regarding this Cuyahoga County story?

Mon, 09/10/2012 - 16:58 | 2779816 Panafrican Funk...
Panafrican Funktron Robot's picture

Absolutely dude!  Just google "Diebold"!!

 

Oh wait, you were just wanting "Democrat"-specific examples of voting fraud.  My bad!  Only one side is capable of election fraud!!

Mon, 09/10/2012 - 11:04 | 2778430 koncaswatch
koncaswatch's picture

I reside in a country that at elecion time must show the world that we have fair elections and a democratic process; UN, Carter oversight, etc. Careful documentation and vetting of voters is mandated and picture ID is the norm.

What the hell is wrong with the USA?

Mon, 09/10/2012 - 11:56 | 2778593 earleflorida
earleflorida's picture

We've implemented a 'politically correct mandate', that predisposes, 'no sense equals nonsince'.... with the sheeple passing both test with a single ?

just look at Chicago... they've been unbictionaried -americanalismistic-style

Mon, 09/10/2012 - 12:18 | 2778704 DosZap
DosZap's picture

Careful documentation and vetting of voters is mandated and picture ID is the norm.

I am gonna start a stink at the polls this election,WE have been required for years(as long as IO can remember), to either have a voters ID card, and/or a valid D.L.Since this is no longer a law(according to all Judges it has come from), I am going to try and vote without proving who I am, or where I reside.

My $$$$ says I will either SHOW it, or no voting.

Mon, 09/10/2012 - 14:26 | 2779237 Cathartes Aura
Cathartes Aura's picture

if you truly believe that "blacks" voting - even 100% participation for one "side" - can sway an election, even given the fact that "blacks" are roughly 13% of the US population, then you definitely should be voting. . .

because obviously, each of your votes count.

*eye roll*

Mon, 09/10/2012 - 10:46 | 2778343 A POOR EATIN STEAK
A POOR EATIN STEAK's picture

the problem with assuming that politicians simply lack the "moral courage" to do "the right thing" is that you assume they have the peoples best interests in mind at any point in the process rather than the interests of billionaires

Mon, 09/10/2012 - 11:15 | 2778475 James
James's picture

If one is to have moral courage he first must have morals.

Mon, 09/10/2012 - 10:11 | 2778207 toady
toady's picture

Write in Ron Paul!

Mon, 09/10/2012 - 10:15 | 2778217 fuu
fuu's picture

But who for vice?

Mon, 09/10/2012 - 10:16 | 2778225 ParkAveFlasher
ParkAveFlasher's picture

Aaron Burr.

Mon, 09/10/2012 - 10:19 | 2778240 Dalago
Dalago's picture

Judge Napolitano.

Mon, 09/10/2012 - 10:30 | 2778288 malikai
malikai's picture

Ron Jeremy.

Mon, 09/10/2012 - 10:46 | 2778347 prains
prains's picture

Wendy Whoppers

Mon, 09/10/2012 - 12:18 | 2778706 Cast Iron Skillet
Cast Iron Skillet's picture

Robotrader

Mon, 09/10/2012 - 13:15 | 2778910 cornedmutton
cornedmutton's picture

Robocop

Mon, 09/10/2012 - 17:01 | 2779822 Panafrican Funk...
Panafrican Funktron Robot's picture

The entire Wu-Tang Clan.  To run the entire federal government.  They already conquered high finance.

http://www.youtube.com/watch?v=8pAkXsKXMZ8

Tue, 09/11/2012 - 22:40 | 2784043 ZeroAvatar
ZeroAvatar's picture

Pee Wee Herman.

Mon, 09/10/2012 - 10:32 | 2778294 tmosley
tmosley's picture

If you want them to actually count your vote, go for Gary Johnson, who's ideals and historical performance are in line with Ron Paul's.  A strong Libertarian showing right after the GOP spat all over the libertarian wing of the party might force change.  Short of collapse/revolution, that is likely the best path forward.

Mon, 09/10/2012 - 10:46 | 2778344 malikai
malikai's picture

I've seen a few concerning things re Johnson which bothered me, notably he's no Austrian, and also the "numbers" out of NM after his term there. But nevertheless, at least by voting for him, or any other non-D/R, you're subtracting votes for either of the puppet parties.

Mon, 09/10/2012 - 10:56 | 2778364 surf0766
surf0766's picture

Why does he support open boarders? A vote for him  all but put the marx sign over top of the statue of liberty

Mon, 09/10/2012 - 10:47 | 2778348 Defiant1968
Defiant1968's picture

JOHN RIMEL

 

THE RIMEL WAY

THE RIGHT WAY

THE ONLY WAY

 

VOTE FOR RIMEL

Mon, 09/10/2012 - 11:31 | 2778548 toady
toady's picture

Is that you Mr. Rimel?

Mon, 09/10/2012 - 11:30 | 2778545 PrDtR
PrDtR's picture

THIS is what I plan to do.. maybe it will catch fire!!!

Mon, 09/10/2012 - 10:14 | 2778212 Deo vindice
Deo vindice's picture

Ron Paul quote: Truth is treason in an empire of lies.

But it sure is nice to hear someone tell the truth.

Mon, 09/10/2012 - 10:15 | 2778218 kalum
kalum's picture

Bernanke May he RIH for the destruction of our people's lives

Mon, 09/10/2012 - 12:27 | 2778744 OneTinSoldier66
OneTinSoldier66's picture

Don't forget Greenspan!

Mon, 09/10/2012 - 10:18 | 2778219 DormRoom
DormRoom's picture

word.  The breakdown in Okun's Law may have signalled Central Bank overreach.  Just as Greenspan's missing variable to support the Great Moderation was infinite debt creation, Bernanke's missing variable, causing the breakdown of Okun's Law, may be similarly ruinous for the nation.

Mon, 09/10/2012 - 10:15 | 2778223 ParkAveFlasher
ParkAveFlasher's picture

Let me guess, they buried this at 3am blearily bookended by Suzy Ormand "transform-your-equity-to-Facebook-stock" infomercials.

Mon, 09/10/2012 - 10:16 | 2778224 Cranios
Cranios's picture

Yes by all means, write in Ron Paul and help elect Obama... who will then re-appoint Bernanke. Romney has said he will not re-appoint Bernanke...

Mon, 09/10/2012 - 10:19 | 2778243 otto skorzeny
otto skorzeny's picture

if everything continues uneventfully til Nov it is Obama in a landslide-and then let's get the party started

Mon, 09/10/2012 - 10:19 | 2778247 Landotfree
Landotfree's picture

Whoever is appointed as chairman really won't effect the end result.   The end result of using the equation is always collapse.   There is no out, this path was selected before you were born.  Kind of like watching an asteroid coming towards Earth with no power to stop it.  

Mon, 09/10/2012 - 10:51 | 2778370 Everybodys All ...
Everybodys All American's picture

We have actually been here before but today's society has little knowledge of history. Too many are unwilling to give up on the great society illusion and expect a handout and that is why the system will fail. Our debt to gdp was actually a little worse after WW II than it is right now. It's not an exact comparison to today but it's close. A leader with proper fiscal sanity can get us out of this but it's unlikely the people will choose this path because it is going to be a painful and lengthy process.

Mon, 09/10/2012 - 11:10 | 2778449 MachoMan
MachoMan's picture

It's collapse of the monetary regime, which may or may not necessarily lead to the collapse of a particular society for a material period of time.  Ultimately, the speaker failed to address the mathmatical certainty of our default (not that we haven't already defaulted) and the death of the currency.  I have no idea how on the one hand he can talk about insurmountble deficits and loose monetary policy with obscenely low interest rates and then on the other talk about increasing taxes...  clearly he doesn't get it or is simply not willing to accept the truth.

I'm also not sure that we're impotent to stop it...  the thing about cyclical collapses is that we're afforded many opportunities to break the cycle.  I agree that the cyclical nature of monetary collapse is rooted in fundamental human nature...  both in the sense that fundamental human nature causes us to avoid conflict, leading to apathy, and we have an inherent desire to pay tomorrow for the thing we use today...  as well as the fact that those at the switch have a very good understanding of human nature and have a desire to manipulate and utilize that understanding to achieve a political goal.  

The one x-factor in all of this is collective consciousness and the rise of the information age.  I, ultimately, have faith that once people are routinely and regularly presented with the knowledge, they will be able to avoid many of the issues leading to collapse and imbalance of power.  Further, I trust that we will be able to develop constructs to better maintain some semblance of fairness in a longer term stasis.  The problem, of course, is that before people can change their deep rooted world views, they'll need to be beaten over the head with how wrong they were...  something monetary collapse has a way of doing that no other speaker could recreate and, even then, it only lasts so long as the burned generation graces the earth.  I have faith that we're working towards a solution to the problem, albeit one collapse at a time (and with each such collapse comes rising risk, e.g. maintenance and security of world killing technologies).  Hopefully we find a good answer soon.

Mon, 09/10/2012 - 11:28 | 2778531 PrDtR
PrDtR's picture

Only if they have the shortest career like Bud Fox in Wall Street.. President of a defunct FEDERAL REERVE.. SHUT IT THE F**K DOWN.. Roll F/N Tanks up to the door, audit it THEN ARREST the sons of bitches that are running our country into the ground!

WTF?

Mon, 09/10/2012 - 14:31 | 2779257 Cathartes Aura
Cathartes Aura's picture

cool pitch bro.  have you lined up a director?

Mon, 09/10/2012 - 10:19 | 2778249 fuu
fuu's picture

And you fucking believe him?!?

 

Mon, 09/10/2012 - 10:23 | 2778258 otto skorzeny
otto skorzeny's picture

Romney is a snake born with a silver spoon in his mouth. He takes his marching orders from the 12 Tribesmen on Wall St and in Israel. Either one and we are at war w/Iran by spring

Mon, 09/10/2012 - 10:34 | 2778305 fuu
fuu's picture

Bernanke will be in office until at least January 2014 when his term expires, any successor will need to be approved by the Senate.

People who believe Mitt Romney will just walk in and clean house are delusional or planted shills.

Mon, 09/10/2012 - 11:34 | 2778557 WonderDawg
WonderDawg's picture

And by Senate you mean the owners of the Fed, right? We all know that the Senate, like the President, just does what they're told by their masters. You don't get elected to the Senate unless you're vetted by the moneychangers. Whoever replaces Bernanke will just be another frontman, just like Bernanke. Enjoy the show. It's all theater.

Mon, 09/10/2012 - 12:29 | 2778748 DosZap
DosZap's picture

Romney is a snake born with a silver spoon in his mouth. He takes his marching orders from the 12 Tribesmen on Wall St and in Israel. Either one and we are at war w/Iran by spring

 

Maybe so, but Obammy is 100% Pro Islam,every move he has made has been to THEIR benefit.

These Democratic Police actions?,  Egypt,Libia, look and see who is NOW in charge,and tell me WE are better off, or their people are.

100x's worse than what they had to begin with.

Mon, 09/10/2012 - 10:26 | 2778272 Woodyg
Woodyg's picture

Resist the Duopoly!

Mon, 09/10/2012 - 10:27 | 2778276 kridkrid
kridkrid's picture

I wish I had more down votes available to me.

Mon, 09/10/2012 - 10:33 | 2778299 pods
pods's picture

No worries, mine is right with yours.

:)

pods

Mon, 09/10/2012 - 10:48 | 2778352 Dr. Engali
Dr. Engali's picture

As is mine.

Iamnotpods ;->

Mon, 09/10/2012 - 10:34 | 2778306 tmosley
tmosley's picture

Cute, you belive the campaign promises of an East Coast liberal.

Actions speak louder than words, and Romney's actions show that he is exactly the same as Obama.  He invented Obamacare for fuck's sake.

Mon, 09/10/2012 - 13:10 | 2778892 Uncle Remus
Uncle Remus's picture

Romney has said he will not re-appoint Bernanke

Oh, that makes it gospel then.

Mon, 09/10/2012 - 17:10 | 2779848 Panafrican Funk...
Panafrican Funktron Robot's picture

Yep, especially with Glenn Hubbard saying "ixnay on the Bernank-firing....a."

Mon, 09/10/2012 - 17:11 | 2779854 Panafrican Funk...
Panafrican Funktron Robot's picture

I mean, for fucks sake, his handler is Glenn Fucking Hubbard, and people have the audacity to think Romney is going to "fix" anything at the Fed/Wall Street?  Jesus fuck at that level of ignorance.

Mon, 09/10/2012 - 10:17 | 2778229 Landotfree
Landotfree's picture

Sorry, getting rid of the Fed is not going to solve the problem.  The problem is simple, humans want something for nothing ie they want to earn interest.   This system is just like the last system, they all collapse as humans continue to make the same decisions over and over.   The Fed's job is simple, keep the system going as fast, long and high as possible before the collapse.  Systems like this have been collapsing before there were things called banks or central banks.  All I see is a bunch of lemmings trying to blame someone else, it really is too late for all that but at least you should point out what the real problem is.   

You guys are CB's wet dream.

Mon, 09/10/2012 - 10:32 | 2778296 pods
pods's picture

The problem is not interest, the problem is fractional reserve banking.

The FED opitimizes this, therefore the FED is the problem.

Interest is used to price risk.  But risk is only encountered when you actually lend funds you have, not funds you create.

That is the problem.

pods

Mon, 09/10/2012 - 10:45 | 2778328 Landotfree
Landotfree's picture

Sorry these systems have been collapsing before there were things called banks and fractional reserve banking.   Eventually you either can't supply or demand the amount needed.   System peaks, and then collapse.  Generally you can get 60-80ish years or about a generation out of the system, pure math kicks in at that point.  

The Fed's job is simple, keep the lemmings thinking the system is sustainable unitl the eventually outcome overwhelms them ie... make the system the biggest and longest it can before the collapse.   I am sure after this collapse and about the time it going to collapse again in a few generations.... they'll tell the lemmings that they are going to have space ships dropping cash from sky... lemmings will believe them once again.  Rinse and repeat.

Mon, 09/10/2012 - 11:19 | 2778496 MachoMan
MachoMan's picture

The answer is multifaceted given the systems we're discussing are incredibly dynamic and variable...  it isn't as easy as pointing the finger at one thing and saying 'THIS IS IT!!!111111!!rawr!'...  it's as much about changing the fundamentals of human perception as it is developing a governing construct...  laws...  regulations...  or even having enough people intelligent enough to keep the thing running on all cylinders.  At some point, we will get desperate enough to put everything on the table as a possible solution...  at that point, we have a chance of breaking the cycle.  Of course, we're probably just as likely to end up in some oppressive dictatorship as free from monetary shackles perverting the political process.  Best of luck to us.

Mon, 09/10/2012 - 11:22 | 2778512 Landotfree
Landotfree's picture

I tend to agree.... different choices made will present new problems to face.   The outcome of this choice is already known.   

Mon, 09/10/2012 - 11:27 | 2778530 pods
pods's picture

Systems peaking and collapsing have been increasing in exponential severity since fractional reserve banking came into popular use.

The fact that expansion is needed causes the collapse.  You cannot have steady state in a system like this.  That is the problem.

I agree with your second part.  The job of the FED is partly to add credibility to this system.  

But the real issue is allowing banks, people, governments, etc to loan credit money into existence and then charging for that privelege.  The moment the first unit is created and loaned out with attached interest the die has been cast.  There is not enough money in the system to balance it. So the race begins, with exponential growth until the system implodes. 

pods

Mon, 09/10/2012 - 11:44 | 2778590 MachoMan
MachoMan's picture

Isn't this really a superficial inquiry though?  Isn't there something more fundamental that causes the need to create fractional reserve lending, an "independent" FED, etc.?  Aren't we just discussing the symptoms?

As B9K9 always said (mako's reappearance is making me nostalgic), if the banks did not exist, the government would create them.

Mon, 09/10/2012 - 12:01 | 2778637 pods
pods's picture

There will always be human nature (as you stated above quite eloquently) to overcome, mainly have today, pay tomorrow.  This aspect of human nature is what begets the whole cycle. As more credit money flows towards one product, the cost of that product increases, making it more difficult to purchase the product with accumulated savings.  Financialization of products and markets is the logical outcome and you see it with health care, college, homes and automobiles.

I can agree that fractional reserve lending is merely a symptom of this deeper issue.  But I do not see how this can be solved, and do not want to grant power to any authority to try and legislate behavior like this.  It never solves the problem, and creates countless others.  See the War on Drugs.

So removing the power to create credit and lend at interest is as far back as I would comfortably go.

pods

Mon, 09/10/2012 - 12:19 | 2778708 MachoMan
MachoMan's picture

I believe this line of reasoning avoids discussing the limitations of the mechanisms we've developed to control or curtail human nature, e.g. the constitution.  Ultimately, all methods of control are impotent to defend against the chipping away caused by human nature...  the documents that we implement to govern us as an infalliable base ultimately fall prey to the cries of selfishness and the desires of machiavellian actors to appease them (and themselves).  This is how you can take a seemingly rock solid constitution and in a couple hundred years turn it into something only vaguely resembling its former self.  Unless we actually address the core issues, we're simply going to repeat our mistakes.

However, I'm not sure that "human nature" is necessarily cast in stone.  On the one hand, I think it is a primal base (a default status), but on the other hand I think the defining characteristic of humans is our ability to ignore our impulses.  To chalk up our existence to things outside of our control is wholly contemptuous of "human nature" and the achievements humans have made.  Granted, in the end, they're probably objectively meaningless and insignificant, but even someone as detached Dr. Manhattan saw its beauty and importance.  I think incredibly stubborn may be more of a human hallmark than doomed to repeat mistakes that we can identify. 

In short, I'm really not certain as to whether we're truly helpless or we have just learned to be helpless.  This ambiguity is what keeps everything running... 

Mon, 09/10/2012 - 13:02 | 2778865 pods
pods's picture

I think that we have two issues, human nature (or tendencies) and people who use them to their advantage.

I do think that having a system set up like we have now tends to magnify those problems.
Ex.
If government was not allowed to deficit spend, and all spending had to be funded through tax receipts, the "handouts" just could not be funded.  Many people see the FED and the money system as a triumph of the banks over the people.  G. Edward Griffin correctly described this system as a marriage.  Government loves to be able to deficit spend, and the system requires it at times.

So all of these are interlinked.  They prey upon our easy way out tendencies, and allow too much power to be accrued by those who want to control others.

I think the most compassionate part of our system is the one that doomed it.  Namely a social safety net provided by the government.  It sounds harsh to not have something like this, but practical application shows that the more you subsidize something, the more of it you get.  And government cannot be compassionate, as it has no mind, soul, etc.

So the most compassionate attitude, when applied to government, creates more of a problem than it solves.

To me it boils down to control. The less of it government has over me the better.  

pods

Mon, 09/10/2012 - 13:42 | 2779037 MachoMan
MachoMan's picture

Yes, agreed, but what I am saying is that we have yet to find a system whereby stasis is maintained in any real sense of the word.  The limited government we start off with today will be a bull in a china shop tomorrow (puns intended).  Obviously a necessary component of stasis will be a hard coded constitution, but even the strongest constitution will be whittled away in no time by social demands, regardless of how just the document started.  We really don't have any choice...

but, for me anyway, the issue of human nature is vastly more....  important.  Whatever form of government we choose will collapse...  it is unsustainable by its very design.  However, the guiding principles of its successor will be dictated by our nature or beliefs.  Really, this is the war that is raging at the moment...  the incredible desire to maintain the status quo and to warp perception for this end.  The purposeful attempt to provide an avenue for the many to willfully suspend disbelief.

I think the internet, among other technological advances, has the power to shape the collective conscious into something a bit more...  educated and realistic as far as monetary regimes are concerned.  I think this is also why it is constantly a battleground for disinformation and subterfuge...  as well as over regulation, obfuscation, and confiscation.  While it is true that most people simply do not want to know or do not have the time to care about such intricacies (the fact that it shapes their entire lives being beside the point), there are now technological advances that make this knowledge unforgettable...  obviously relevant information has to compete with dancing with the stars and jersey shore, but the framework is there at least.  In short, every boom bust cycle is not necessarily the same because humanity is not in the same position post bust (there typically being a residual collective knowledge, among other things, sans the dark ages).

Mon, 09/10/2012 - 17:09 | 2779004 Encroaching Darkness
Encroaching Darkness's picture

"I believe this line of reasoning avoids discussing the limitations of the mechanisms we've developed to control or curtail human nature, e.g. the constitution.  Ultimately, all methods of control are impotent to defend against the chipping away caused by human nature...  the documents that we implement to govern us as an infalliable base ultimately fall prey to the cries of selfishness and the desires of machiavellian actors to appease them (and themselves)."

It may be that experience, within a single human lifetime, is the only way that a population can learn, or benefit from experience. The founding fathers' had EXPERIENCE with worthless paper money - "Not worth a Continental" was a phrase that described early American paper money, issued by the Continental Congress to pay Revolutionary War debts. (The fact that the British, bitter about losing the war, counterfeited shiploads of it didn't help). Their experience was codified into the Constitution as a PHYSICAL DEFINITION of dollars as so many GRAINS of GOLD or SILVER - and the DEATH PENALTY for counterfeiting. This has been eliminated in favor of more ENLIGHTENED, PROGRESSIVE, EVOLVED practices (by the Elites, who hate limits on their theft) so that now the dollar is not backed by anything - and is again becoming worthless, just like the Continentals. (This also explains why history is so poorly taught today, and so rarely understood).

We will re-learn, as our founding fathers did, WHY that definition of a dollar as gold or silver was written in, along with the death penalty for counterfeiting, in the original Constitution. We will also re-learn why it was respected for a hundred years and more, as similar to why people now drive on the right side of the road (in America, the standard), avoid playing with high tension power wires, and observe air-traffic regulations - NOT doing so can get a lot of people KILLED. It might not happen immediately (which is why politicians can get away with it), or be immediately traceable back to the acts of devaluation and cheapening, but devaluing a currency wantonly for temporary wealth and political gain KILLS PEOPLE.

Perhaps this generation will re-learn, and (far less likely) be the last to practice this particular idiocy - or maybe mankind is just susceptible to this kind of stupidity.

Mon, 09/10/2012 - 12:02 | 2778644 Shizzmoney
Shizzmoney's picture

Ben Bernanke has more power than the POTUS.  And the only thing that can keep BOTH in check, is Congress....which is overrun by a den of thives.

That's a problem.

Mon, 09/10/2012 - 10:36 | 2778310 tmosley
tmosley's picture

Holy shit, it's Mako.

Mon, 09/10/2012 - 11:13 | 2778457 MachoMan
MachoMan's picture

Yep.  He's back folks.

Welcome back Mako... 

Mon, 09/10/2012 - 11:58 | 2778628 tmosley
tmosley's picture

Yeah, the FBI whould hire me to correlate people's user names by their writing styles.Haven't seen the guy in what?  Two years?  Recognized him in his first post, even without him referencing his stupid "equation" that he constantly references but never defines.

For those that don't remember, Mako thinks that in a free market, money for interest payments comes from no-where, and therefore all financial systems that have an element of interest in them are destined for collapse.  He couldn't wrap his stupid face around the fact that money for interest payments comes from consumer spending, and that as such, interest rates in a free market are a direct reading on the time preference for money.  IE higher interest rates mean there is more consumer spending going on, meaning there is more money with which to pay interest, and deposit institutions must pay more interest to attract deposits for loan.

He thinks it works like this instead:

people demand interest

a miracle happens

interest is paid

the miracle unhappens

the system collapses

Now, this is a good approximation for what happens in an unfree market that is controlled by a central bank.

people demand loans at artificially low interest

the fed prints money

loans are funded

dislocations in capital markets mean there isn't enough money to pay back loans, so loans default

system collapses

This happens because the Fed is printing unlimited amounts of money to simulate infinite savings.  Infinite savings implies a time preference far, FAR in the future, which means goods should be cheap, deflating.  But real people want the goods, so prices don't fall, they rise.  The only way for the system to be maintained would be for the Fed to match the outflow of each dollar with a dollars worth of real goods.  That would turn the illusion into reality.  But of course, they can't do that.

 

Mon, 09/10/2012 - 12:07 | 2778662 fuu
fuu's picture

Folks noticed it was him last week.

Mon, 09/10/2012 - 12:10 | 2778673 tmosley
tmosley's picture

Didn't see any of his posts last week.  This is the first one that I saw from him.

And here I was feeling all special.  Thanks for ruining the illusion, fuu :p

Mon, 09/10/2012 - 12:41 | 2778686 fuu
fuu's picture

Marla and Me noticed last week. I always thought he was CrashisOptimistic myself.

 

Mon, 09/10/2012 - 13:45 | 2779055 MachoMan
MachoMan's picture

crash is a different sort of broken record...  mako is/was more directed at some magical equation rooted in interest and crash is more rooted in the oil/energy conundrum...  you could definitely synthesize a common set of beliefs among them, but I never saw either bridge the gap.

Mon, 09/10/2012 - 14:34 | 2779273 fuu
fuu's picture

Fair enough.

Mon, 09/10/2012 - 11:04 | 2778325 Bay of Pigs
Bay of Pigs's picture

Care to enlighten us on a solution or are you just flapping your lips?

And what is the real problem?

Mon, 09/10/2012 - 11:25 | 2778520 James
James's picture

Does that mean we get to bukkake Ben?

Mon, 09/10/2012 - 14:35 | 2779278 Cathartes Aura
Cathartes Aura's picture

get yerself a vid of him speaking, aim for screen, and have at it son.

Mon, 09/10/2012 - 10:17 | 2778232 otto skorzeny
otto skorzeny's picture

watched it this morning- CNBC tools were struck dumb. the only thing that would have made it any it any better is if he would have bitch-slapped that little hebe A.R. Sorkin and then walked off the set.

Mon, 09/10/2012 - 10:18 | 2778235 crusty curmudgeon
crusty curmudgeon's picture

After I point out that all of their supposed rationale for the Fed doesn't seem to work in practice, the only justification for the Fed that I ever hear ends up either as:  (1) it's really complicated, you wouldn't understand; or (2) you're just a gold bug, you wouldn't understand.  I guess I have to agree with that.

 

Mon, 09/10/2012 - 10:18 | 2778237 Imminent Collapse
Imminent Collapse's picture

This is all planned.  The Cabal plans to crash the system to start up one that they can more easily control.  This is a battle between good and evil.  Money is the preferred method of control, although violence will be used when necessary.  This is a spiritual battle and the lines are drawn.  Decide which side you are on and get ready. 

Do NOT follow this link or you will be banned from the site!