There's No Painless Way Out

Tyler Durden's picture

Uncle Sam's bills of almost $4tn per year relative to his income of just over $2tn means that he does what most American's do - he borrows money - and it is this simple fact that underpins the reasoning that there is no painless way out of the mountain of debt that we have amassed over the last few decades. While none of this is new, the straightforward nature of this video's message makes it hard to argue, from anything other than an ivory tower, that this supposed self-sustaining print-and/or-borrow-fest can go on forever. Paying off your mortgage with your credit card remains the clearest analogy of what is occurring and while the Mutually Assured Destruction case is made again and again for why the analogous credit-card-providers will never halt our limit, it seems increasingly clear that the fiat money fiasco has switched regimes to chaos rather than the apparent nominal calmness of the great moderation.

 

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idea_hamster's picture

Suicide is painless -- M*A*S*H.

HD's picture

Great reference mate. Makes me feel old. Damn old.

 

Through early morning fog I see
visions of the things to be
the pains that are withheld for me
I realize and I can see...

[chorus]:

That suicide is painless
It brings on many changes
and I can take or leave it if I please.

I try to find a way to make
all our little joys relate
without that ever-present hate
but now I know that it's too late, and...

[Chorus]

The game of life is hard to play
I'm gonna lose it anyway
The losing card I'll someday lay
so this is all I have to say.

[Chorus]

The only way to win is cheat
And lay it down before I'm beat
and to another give my seat
for that's the only painless feat.

[Chorus]

MASH
The sword of time will pierce our skins
It doesn't hurt when it begins
But as it works its way on in
The pain grows stronger...watch it grin, but...

[Chorus]

A brave man once requested me
to answer questions that are key
'is it to be or not to be'
and I replied 'oh why ask me?'

'Cause suicide is painless
it brings on many changes
and I can take or leave it if I please.
...and you can do the same thing if you choose.

hedgeless_horseman's picture

 

 

Paying off your mortgage your constituency with your their childrens' credit card remains the clearest analogy of what is occurring...

I fixed it.

GeneMarchbanks's picture

You sure did. One question: Howcome unborn children already have credit cards?

NotApplicable's picture

It's called a Social Security Card.

LowProfile's picture

It's called a Servile Serf Card

Fixed it.

BooMushroom's picture

And who gets the debt when the baby is never born? So it's paying the mortgage with someone else's kids' credit card!

natty light's picture

I have seen on RV's a bumper sticker that says: WE ARE SPENDING OUR KIDS INHERITANCE

Isn't that cute. I have wanted to get a Sharpie and add to it: ...AND THEIR SOCIAL SECURITY

hedgeless_horseman's picture

 

 

It's a child cardholder not a choice?

LowProfile's picture

lol.

Hey - How the heck did you get the strikethrough text to work?  It never displays correctly for me.

hedgeless_horseman's picture

 

 

http://www.zerohedge.com/donate

Past performance is not indicative of future results.

Death and Gravity's picture

In Soviet America, unborn baby has Credit Card.

Amish Hacker's picture

Or think of it this way: when the government sees a hungry dog, it cuts off the dog's tail and feeds it to him.

Woodyg's picture

Actually it's paying off Their mortgage with My credit card.

NotApplicable's picture

First thing that popped into my mind upon reading the headline.

fonestar's picture

Pain?

"I'll just sit and grin, the money will roll right in."

 

http://www.youtube.com/watch?v=DeUriaEc49I

phungus_mungus's picture

Am I the only one who is tired of all this bullshit and justs wants whatever is going to happen to hapen so we can get it the fuck over with already!!!??!?

Thecomingcollapse's picture

No.. NO.. I'm ready already!!  This waiting is driving me crazy!

FEDbuster's picture

Kick the can has allowed me to get in a better position to weather the coming storm.  I'll take as many prepping days as I can get.  When this country goes "cold turkey" off the reserve currency drug, it will be a living hell.  Extend and pretend is a preppers best friend.

bigdumbnugly's picture

Hi

My name is Dow Jones and I am a Bernankaholic.

hedgeless_horseman's picture

 

 

...it has been 126 microseconds since my last sub-penny.

Carl Spackler's picture

Paying your mortgage with yourd credit card...using unsecured credit to pay down secured credit.

Only in America...and Europe.

BooMushroom's picture

The ones who paid off their student loans before the bubble burst, did so by taking non-existant equity out of their houses. Mortgage debt is dischargeable in bankruptcy!

FEDbuster's picture

You didn't see that advice on Suzie Orman or Jim Cramer's shows.

RockyRacoon's picture

A new wrinkle (actually, an aspect not utilized as much as it could be) to the student loan problem:

http://www.thenation.com/article/167142/colleges-withhold-transcripts-grads-loan-default

Colleges Withhold Transcripts From Grads in Loan Default
StychoKiller's picture

Wow, talk about supplying justification for defaulting on a debt...

vast-dom's picture

could we have a video-for-dummies just like this for The Feds' derivatives and other shadow toxic assets? 

Chump's picture

No, because upon hearing the words Federal Reserve, your average American's eyes begin to glaze over.  Add a long word like "derivative" into the mix, and you've lost them just like that.  Start talking about "shadow banking" or "toxic assets" and you'd have a comatose patient on your hands.

No, this video is perfect, even for my nearly braindead co-workers.  No fervent voice rising in pitch to emphasize points, no flashy explosions or sensationalist graphics.  Just simple, straightforward, and easily understandable.  And the best part is that it leads the viewer to the direct conclusion that a global financial collapse is unavoidable, lets that point sink in, and then allows the viewer to draw his or her own conclusions.

Cult_of_Reason's picture

'Massive Wealth Destruction' Is About to Hit Investors: Faber

"Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse," he said. "Maybe all of it will happen, but at different times."

http://www.cnbc.com/id/46923999

Silveramada's picture

coming soon: ALL OF THE ABOVE

quasimodo's picture

Surely this begs the question, how fucking long can the boy cry wolf? Did the wolf lose his teeth?

I am about ready to say fuck this, and go on a spending spree. WTF do I have to lose? Seriously, can anyone tell me what the heck I have to lose? Maybe I can get a bailout.

silverdragon's picture

Probably a good time to stock up on lots of physical silver.

FEDbuster's picture

Brass, lead and copper will be more practical.

GeneMarchbanks's picture

I prefer the other cartoons where the bear shits himself in the end.

Hal n back's picture

forever is a long time

JustObserving's picture

"no painless way out of the mountain of debt"

Corrected it for you  "no way out of the mountain of debt"

Dude, you are forgetting the $118 trillion in unfunded liabilities.

Hansel's picture

No painless way out for who?  Federal Reserve don't give a shit.

zebrasquid's picture

$118 trillion unfunded liabilities is no problem...  Millenials will just reject and cancel those as liabilites.  Once their politicians are in control -- poof, granddad's soc.sec. and medicare are cancelled.

Lots of pain, though...but you either do the bypass or you die.  Most people will opt for the bypass, and majority rules!

fockewulf190's picture

Paying your mortgage with your credit card?! Shit, how about not paying your mortgage at all and just staying put for free. Its the latest rage, and more and more people are hopping on the gravy train. The jails are full, the system is imploding, and Homeland Security hasn't got their 450 million hollowpoints order filled yet, so you might as well take your mortgage money, fill the garage up with beer and wait for the NFL to come around again.

Alcoholic Native American's picture

I tried that with my rent money and it didn't work.

fockewulf190's picture

Renting is different. You could get beaten black and blue with a wiffleball bat if you piss your landlord off. The banksters on the other hand are just a bunch of pussies who can only mail you paper threats. Use them to light your charcoal up with when its burger time again. ; )

Hippocratic Oaf's picture

8

I agree with most of what you say 'cept the prisons aren't full....municipalities are letting prisoners walk/early release due to cost cutting measures. So, that may actually fuel the drama knowing more and more shit is walking the streets.

Have a nice day!