This page has been archived and commenting is disabled.

"The Truth Gets Out Eventually"

Tyler Durden's picture




 

Some look at today's FaceBook IPO flop, the ongoing market rout, and the situation in Europe with disenchantment and disappointment. We, on the other hand, view it with hope: because more than anything, the events of the past few days show that the truth is getting out - the truth that capital markets simply can not exist under the authoritarian rule of central planners, the truth that the stock market is a casino in which the best one can hope for a quick flip, and finally the truth that our entire socio-economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where accumulated debt could be wiped out at the flip of a switch if things go wrong in the process obliterating the welfare of billions (of less than 1%ers), is one big lie.

We believe that hope is what SocGen's Dylan Grice is what he has in mind when he penned the following conclusion to his most recent piece: La Grande Illusion.

Since the crisis broke in 2008, the Fed and BoE have printed enough money to buy over 60% of the issuance of their respective government securities since. It makes you wonder. What would bond yields in the US and the UK look like without these purchases? Probably like those in the eurozone periphery. Indeed, maybe the euro debacle could have been completely avoided if the ECB had been headed up by a Ben von Bernanke, or a Mervyn Le Roi. Maybe that’s why so many of my friends agree with Atlantic magazine, which praised Ben Bernanke for ‘masterfully navigating’ the financial crisis and avoiding another depression.

 

Maybe all the Anglo-Saxon central banks have done is create the illusion that our sovereigns are more solvent than they are, and that our budget constraints are really a safe distance away.

 

But I don’t think they are. And I think the truth gets out eventually. The Enrons, the Allied Capitals, the Bernie Madoffs … they all get their comeuppance. Indeed, it’s what’s happening today in the eurozone. The accounting shenanigans eurozone governments resorted to in order to meet the entry criteria have been found out. Or at least, current CDS prices correlate well with countries’ cumulative deficit manipulations in the run-up to monetary union, as estimated by Paul van den Noord and Vincent Koen at the OECD. You can’t escape your budget constraint with financial gimmickry. You can just make it look like you have for a while.

 

Because if there is at least one thing the central planners of the status quo do not have control over, it is just that: hope.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 05/18/2012 - 18:49 | 2442191 jonjon831983
jonjon831983's picture

Illusion or willful blindness by the masses who fear the truth?

Fri, 05/18/2012 - 18:51 | 2442203 The Navigator
The Navigator's picture

aided by the MSM that won't tell the truth

Fri, 05/18/2012 - 19:07 | 2442244 Chris Jusset
Chris Jusset's picture

The "truth."  All we ask for is the truth.

Fri, 05/18/2012 - 19:14 | 2442259 X.inf.capt
X.inf.capt's picture

the avg. sheeple CANT HANDLE THE TRUTH...

bitchez...

Fri, 05/18/2012 - 19:36 | 2442296 Michael
Michael's picture

And at this point in time I would like to add, the presidency of the United States is virtually irrelevant.

You better prepare accordingly.

Quirey, If the Federal Government shuts down the Internet, how much will Facebook be worth?

Fri, 05/18/2012 - 19:45 | 2442330 aerojet
aerojet's picture

You don't understand the Internet.  There's no chance the government could just "shut it down" and that's not because of how things are designed but rather how every business in the nation relies on it one way or another.  The furthest they can go is to shut down certain sites (like ZH, I suppose).  But that's it.  Anything more and they would be pulling out the last stop to armageddon. 

Fri, 05/18/2012 - 20:12 | 2442407 AldousHuxley
AldousHuxley's picture

why would government shut down the grestest information spying tool?

 

That's like saying government would shut down telephone networks.

 

Government doesn't want you communicating in person. Big Brother want to listen in on the conversation. It drives power from such privilege.

Fri, 05/18/2012 - 20:14 | 2442411 buckethead
Fri, 05/18/2012 - 20:42 | 2442472 Ancona
Ancona's picture

The only relevant thing right now is how much gold is there.......really?

Fri, 05/18/2012 - 20:57 | 2442501 Winston Churchill
Winston Churchill's picture

The only relevant thing right now is how much tungsten is there.............really?

Fri, 05/18/2012 - 21:30 | 2442560 bsdetector
bsdetector's picture

It "derives" power.

Fri, 05/18/2012 - 23:32 | 2442755 AldousHuxley
AldousHuxley's picture

Word spell checker has made me a bad speller

Guess what Facebook's social apps are going to do to society....

Sat, 05/19/2012 - 00:34 | 2442814 Oh regional Indian
Oh regional Indian's picture

Good Grief, Hope? hope?

mmmmm....hope, truth, love, family....mmmmmmmmm

ori

Sat, 05/19/2012 - 02:20 | 2442866 derek_vineyard
derek_vineyard's picture

Japan part deau

Sat, 05/19/2012 - 02:20 | 2442867 Michael
Michael's picture

I just want to let you all  know I was Banned from Facebook in 2007 during the first Ron Paul campaign for political speech.

I've enjoyed my relationship with Facebook ever since.

I wonder if there's a banned Facebook users club?

Sat, 05/19/2012 - 03:25 | 2442890 cossack55
cossack55's picture

Yes, they meet on MySpace.

Sat, 05/19/2012 - 03:42 | 2442895 NoClueSneaker
NoClueSneaker's picture

Me member in 20 of such clubs - all of them very democratic and pro "free speech". :-O

Never bitched too much, always a fan of fundamentals. Me dumb :-P

Sat, 05/19/2012 - 10:06 | 2443095 lynnybee
lynnybee's picture

 "I just want to let you all know I was Banned from Facebook in 2007 during the first Ron Paul campaign for political speech." , 

badge of honor, Michael, badge of honor.   

Sat, 05/19/2012 - 08:38 | 2443024 btechtrader
btechtrader's picture

They have made me a stronger speller. If you pay attention to the corrections being made you tend not to repeat them in the future.

Interesting perspective though

Fri, 05/18/2012 - 23:34 | 2442759 tenpanhandle
tenpanhandle's picture

I knew he was talking derivatives.

Fri, 05/18/2012 - 23:33 | 2442757 Politeyx
Politeyx's picture

The only relevant thing right now is how much ammo you have.

Sat, 05/19/2012 - 00:20 | 2442810 Spirit Of Truth
Spirit Of Truth's picture

We can evade reality, but we cannot evade the consequences of evading reality." - Ayn Rand

I'm afraid time's up...

Sat, 05/19/2012 - 03:17 | 2442887 OldPhart
OldPhart's picture

ammo, food water, medical supply, like minded spirits nearby, three inch steel walls, doors and roofs, strategic claymores...the list goes on and on

Fri, 05/18/2012 - 20:58 | 2442503 Stack Trace
Stack Trace's picture

Secret meeting at my house tonight! Bring the beer, tin-foil hats, and extra whiskey... we are going to need it. Leave your cell-phones and other electronic devices at the door with the chimpanzee Bo-bo. You will know who he is because he sports a large gold tooth and 4 pounds of silver bling hanging from his thing.

Fri, 05/18/2012 - 21:26 | 2442554 toady
toady's picture

Cell phone at the door!

You better not bring one of those tracking devices closer than 10 miles from my door!

Sat, 05/19/2012 - 03:22 | 2442889 OldPhart
OldPhart's picture

Just pop the damned battery out.  Jeezus, they can't track you without parasitic power, can they?

Sat, 05/19/2012 - 09:21 | 2443060 toady
toady's picture

Yep, that's what most people do.

Now my son says he can' t take the battery out of his icrap or it will void the warrenty.

I tell him to leave the icrap at home then.

Fri, 05/18/2012 - 22:02 | 2442632 EFNuttin
EFNuttin's picture

TorProject website will provide a "tinfoil" browser for the web. Just be ready for geographically-oriented ads for each proxy from which you randomly browse.

Fri, 05/18/2012 - 22:29 | 2442677 Brindle702
Brindle702's picture

Linux distro for anonymity:

http://dee.su/liberte

 

Sat, 05/19/2012 - 11:43 | 2443216 TheGardener
TheGardener's picture

Can Tor still be trusted ? Not yet been taken over and used as a honeypot for suspicious traffic ?

Sat, 05/19/2012 - 17:11 | 2443745 CH1
CH1's picture

Tor requires that you know what you're doing.

It works, but it is not for amateurs. (But yes, there are lots of feds playing games with it.)

Fri, 05/18/2012 - 21:51 | 2442607 RiverRoad
RiverRoad's picture

It must be a real knee-slapper for them....reading us.

Fri, 05/18/2012 - 22:23 | 2442672 Brindle702
Brindle702's picture

"Smart" power meters as Big Brother devices:

http://www.youtube.com/watch?v=8JNFr_j6kdI&feature=g-wl

Fri, 05/18/2012 - 23:18 | 2442741 gwiss
gwiss's picture

Horse Hockey.  You think for one instant that if TPTB thought that the internet was in some way threatening their hold on power they wouldn't justify pulling the plug for "national security"?  There is no higher priority than national security, because that represents holding on to their power.  They will forcibly send others to die through the draft to expand it and gut whatever higher principles our country supposedly stands for to protect that power from erosion.  If there was any uprising that used the web to help organize, they would blink it off without a moments hesitation.

The trouble is how the internet is designed, not just here, but everywhere.  Data needs to run through trunks, and those concentrations of data are ridiculously easy to control.  There has been no success with creating local subversive internets from suitcase routers in tightly controlled countries because these still need access to the web through the country connections in order to be useful, and these country level connections are tightly controlled.  If one was able to develop a distributed routing system without central pipes that also allowed distributed access to many main nodes outside the country, then that has the possibility of robust independence, but such a system hasn't been created yet because such access nodes are hardware based and you can't shield the hardware.  Even projects like Tor still depend on the trunks which are under tight control.

Sat, 05/19/2012 - 08:54 | 2443036 disabledvet
disabledvet's picture

"democracy is not a suicide pact." there ARE higher priorities than national security...there's REAL security called "respect for one's personal space." Think your daughter likes your wife traipsing around in her bedroom to "just because"? Hehehehehe. "distribute that" i say. The Cloud is the answer...they have a vested interest in protecting your data...your personal space...since "they have a vested interest in protecting personal data" PERIOD. Go ahead..."access that Cloud." Does it even exist?

Fri, 05/18/2012 - 23:43 | 2442778 PaJoad
PaJoad's picture

If the gov't can shut all the banks for a holiday I don't think they will care about hurting business by shutting down the Internet. Whether they can or not isn't my question: I want to know how we're going to get our info from ZH if they shut ZH down?!! Tyler, what's the back up plan to get info distributed? Fax? Throw me a rope!

Sat, 05/19/2012 - 02:17 | 2442862 Terminus C
Terminus C's picture

If/when they shut down ZH you will no longer need ZH... You should already know what to do when THAT time comes. If you do not then you haven't been comprehending the message of this site.

However, I doubt ZH will ever be shut down as it will be used to gather information and as a distraction/misinformation hub, if it ever came to THAT.

Sat, 05/19/2012 - 08:30 | 2443018 Jake88
Jake88's picture

That's true last stop to armageddon.  We are so dependent upon it that any disaster (for instance solar flare) that shuts it down will send us back to the stone age.

Sat, 05/19/2012 - 09:22 | 2443062 narnia
narnia's picture

Bank holidays, internet shut downs, rolling black outs- they're coming to a theater near you.

There's no such thing as a free lunch, in government borrowing or independence.

Fri, 05/18/2012 - 20:51 | 2442487 BigJim
BigJim's picture

 Quirey, If the Federal Government shuts down the Internet, how much will Facebook be worth?

Don't worry, they won't shut it down completely!

You'll still be able to access all the important governmental stuff, like the Homeland Security 'I think my neighbor has gold' page.

Fri, 05/18/2012 - 22:52 | 2442708 Almost Solvent
Almost Solvent's picture

And order edible ipads with free next day delivery

Sat, 05/19/2012 - 02:11 | 2442860 Triple A
Triple A's picture

The only site you will be able to go onto is Facebook. You better have a bunch of fake facebook friends.

Sat, 05/19/2012 - 04:03 | 2442906 Element
Element's picture

Is there another kind?

Fri, 05/18/2012 - 19:32 | 2442307 Freddie
Freddie's picture

All of TV is there to lie and manipulate the sheep.   We all love the islamic teleprompter.  If you watch TV - you enable them.

Fri, 05/18/2012 - 20:15 | 2442417 AldousHuxley
AldousHuxley's picture

David Choe, graffiti artist who made a film about hitchiking across America is now worth $250,000,000+ (almost as much as youtube founders) because he opted for FB stock instead of $60k for some paint job in Palo Alto.

 

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

 

That's the truth of how wealth is created....pure luck.

 

meritocracy my ass.

 

Fri, 05/18/2012 - 22:32 | 2442682 Likstane
Likstane's picture

Good for David Choe.  Was it "luck" or foresight to opt for FB stock that enriched David Choe?  Sounds like the same God who brings thunderstorms also brings lots of FRN's to David Choe.  What status or wealth do you "merit"?

Huxley was just another stoner.

Sat, 05/19/2012 - 00:04 | 2442799 Calmyourself
Calmyourself's picture

Shh, this huxley is convinced of his profundity..

Fri, 05/18/2012 - 22:48 | 2442700 Meremortal
Meremortal's picture

"That's the truth of how wealth is created....pure luck."

And your one example proves it!

Not everyone in the world has to be a failure because you are one. Most wealthy people earned their wealth through decades of hard work. This fellow was lucky? sounds like he made his own luck. He's a very successful investor, at least for the moment. There's nothing wrong with that, you should try it sometime.

 

 

 

 

Fri, 05/18/2012 - 23:07 | 2442719 Spastica Rex
Spastica Rex's picture

Some wealthy people worked hard for their wealth.

Some wealthy people didn't work hard for their weath.

Some poor people work hard.

Some poor people don't.

 

What's your point, again?

Fri, 05/18/2012 - 23:47 | 2442785 AldousHuxley
AldousHuxley's picture

hope is how old money keeps the slaves enslaved.

 

let one luck slave get rich and all other slaves will keep being slaves.

 

Hitler worked hard. hard work as nothing do with good work or beneficial work.

 

When luck is what determines outcomes, who the hell wants to work hard? just go to wall st. and gamble. . . 

Sat, 05/19/2012 - 07:19 | 2442965 bdc63
bdc63's picture

I've heard talk like this before ... what was it ...

Oh yeah! ... The Bolshevic Revolution

Sat, 05/19/2012 - 09:48 | 2443082 Spastica Rex
Spastica Rex's picture

I'm not one of your detractors.

Sat, 05/19/2012 - 04:01 | 2442903 koperniuk666
koperniuk666's picture

when i was a kid i was poor. i was smart enough to search for the common trait charactersistic or ability of the people i knew were rich (and to copy it). The  characteristics that stand out are determination and perseverance.

NEVER give in. 

Intelligence is NOT a common trait in successful people although it helps.

HOWEVER, after 40 yrs hard work I can tell you that in spite of the insights above....

More than half of everything I we achieve is due to LUCK.

Sat, 05/19/2012 - 07:21 | 2442967 bdc63
bdc63's picture

They once did a study of "lucky" people and found that a common trait was determination and perseverance.

Sat, 05/19/2012 - 08:58 | 2443038 disabledvet
disabledvet's picture

did you know the original target for the atomic bomb wasn't Hiroshima? Just ask Facebook...

Fri, 05/18/2012 - 23:31 | 2442752 ToNYC
ToNYC's picture

The meritocracy are the winners who take a risk on an idea before its time rather than take t/p. You may be the ass you see meritocratically. Keep that door open, new Aldous baby.

Sat, 05/19/2012 - 05:18 | 2442929 piliage
piliage's picture

I suggest he sell it ASAP

Sat, 05/19/2012 - 04:16 | 2442911 Silver Shield
Silver Shield's picture

TheGreatestTruthNeverTold.com

Sat, 05/19/2012 - 07:38 | 2442981 I am on to you
I am on to you's picture

How come,have anybody tried to tell the average middelage brains the truth,think not!

Cant hardly make a statement,not tried yet,try Einstiens Relativity,then it might compute!

And further,what is the truth anyway,depends on which side of the Fench your at ,dont it!

The truth, of say,Rockenfeller,aint hardly the truth of say Joao Batista,at Rochina Rio De Janeiro!

Fri, 05/18/2012 - 20:02 | 2442382 Al Gorerhythm
Al Gorerhythm's picture

You can't handle the truth.

Fri, 05/18/2012 - 21:12 | 2442531 Oracle of Kypseli
Oracle of Kypseli's picture

You learn from teens. My teen daughter was not surprized when I told her about today's FB opening.

Quote: "Everyone is using tweeter now. I have not opened my FB for several months."

The little bird is going to slowed down the raven 

Sat, 05/19/2012 - 00:43 | 2442817 Freddie
Freddie's picture

Yes this is whatI have heard. Kids have dropped FB for Twitter.

Fri, 05/18/2012 - 21:08 | 2442525 A Nanny Moose
A Nanny Moose's picture

The mother of all irony is that we have to watch a news channel representing views from the former Soviet Union to even see beyond our own version of Pravda.

Fri, 05/18/2012 - 22:40 | 2442688 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

Best comment of the month.  Don't know whether to laugh or cry, though.

Sat, 05/19/2012 - 03:08 | 2442884 A Nanny Moose
A Nanny Moose's picture

IMO...prepare. Saverin is John Galt.

Sat, 05/19/2012 - 06:36 | 2442946 spentCartridge
spentCartridge's picture

Laugh, my friend, otherwise the crying will probably kill you ...

Fri, 05/18/2012 - 22:53 | 2442709 Stack Trace
Stack Trace's picture

Wish I could green this more.

Sat, 05/19/2012 - 00:47 | 2442820 Freddie
Freddie's picture

It is the ****ing Matrix and the sheep who watch TV keep them in power.

Sat, 05/19/2012 - 07:23 | 2442968 bdc63
bdc63's picture

... and believe every freakin diversionary lie about it being someone else's fault ...

Sat, 05/19/2012 - 03:46 | 2442898 NoClueSneaker
NoClueSneaker's picture

+1

Another nail in the coffin of United JG (*) Media.

 

(*) The greatest propagandist of all the times.

Sat, 05/19/2012 - 14:44 | 2443489 matrix2012
matrix2012's picture

"The mother of all irony is that we have to watch a news channel representing views from the former Soviet Union to even see beyond our own version of Pravda."

 

VERY WELL SAID!!

In plain words, it means RT.com (formerly Russia Today)  tells much more TRUTH than the established mainstream stations: CNN, ABC, CBS, NBC, Fox, BBC, Bloomberg, Deutsche Welle (DW), France 24, EuroNews, Al Jazeera (controlled by Qatari), NHK, ... (feel free to add any i may miss here)

 

In particular below programs from RT are quite fascinating & informative :)

- "KEISER REPORT" by Max Keiser and co-host by Stacy Herbert

- "CAPITAL ACCOUNT" by Lauren Lyster

- "THE ALYONA SHOW" by Alyona Minkovski

 

I abandoned those Overlords' mouthpieces long ago... watching them constitutes a waste of time & common sense!

Who Owns The Media? The 6 Monolithic Corporations That Control Almost Everything We Watch, Hear And Read - http://bit.ly/niXCzq

__________________

Asked to give a toast before the prestigious New York Press Club in 1880, John Swinton, the former Chief of Staff at the New York Times, made this candid confession [it's worth noting that Swinton was called "The Dean of His Profession" by other newsmen, who admired him greatly]:

There is no such thing, at this date of the world’s history, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job.

If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of Mammon, and to sell the country for his daily bread. You know it and I know it and what folly is this toasting an independent press. We are the tools and vassals of the rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.

 

The notion that journalism can regularly produce a product that violates the fundamental interests of media owners and advertisers…is absurd.” — Robert McChesney, journalist and author

 

 

Fri, 05/18/2012 - 23:25 | 2442745 BenLightYear
BenLightYear's picture

The truth is quite clear if you are seeking it...if your not then your in the same spot you would be in anyways...capitalism has always been bumpy and those who pay attention prosper while those who choose ignorance loose...works for me :)

Sat, 05/19/2012 - 09:14 | 2443052 disabledvet
disabledvet's picture

"you don't just have IPO." i agree with that. If one assume's "luck" then why have any expertise in any field whatsover? Advocating "rolling the dice" as the solution to "rolling the dice"? How about credentials? What about professional experience? We can't even have common sense now? Hehehehehehe. Ridiculous. As if this is how we got the moon by 1969. "Nothing guarantees success...but there is a lot that can guarantee failure." Facebook was GUARANTEED failure. The cheerleaders who spent the whole of the past two weeks engaged in a "ritualistic form of pump and dump" on an EPIC scale are now in deep doo-doo. "You just blew up your Space Shuttle on the launch pad." How will another IPO be launched going forward? Phuck Face-book. That's a 100 billion dollar launch pad you just destroyed...

Sat, 05/19/2012 - 10:04 | 2443093 geoffb
geoffb's picture

I don't know if you've read any Taleb, but that would be a good place to start understanding the assumptions you've made with the concept of "expertise" or "experience".  At this point, if I was forced to choose, I would confidently choose a randomly selected stranger off the street to manage my money vs sending it to the "experts" on Wall St.

Fri, 05/18/2012 - 20:09 | 2442401 AbelCatalyst
AbelCatalyst's picture

How is this any different than the biblical account of the tower of Babel? - its the same story with different characters, but the storyline is identical... Things work just fine until the giant human ego tries to "solve" something that does not need solving...

Geez - wake up and smell yourself humanity!!! Someday we'll wake up, but for now we're just children asleep in the mists of mortality...

Sat, 05/19/2012 - 07:35 | 2442976 bdc63
bdc63's picture

The Book of Revelations suggests that 'we' don't read the "signs" & that we NEVER wake up ... it certainly appears that we're under God's judgement now.  For those that haven't, I suggest you get your spiritual live in order ...

I'm sure the haters will junk me.  I don't care, go ahead. 

Sat, 05/19/2012 - 08:11 | 2443008 Pope Clement
Pope Clement's picture

I pray all the time to EL aka Kronus/Saturn/Brahma/Ra/Shang ti... to come back and take us back to our home galaxy in Saggitarius this Milky Way sucks.

Sat, 05/19/2012 - 08:13 | 2443011 I am on to you
I am on to you's picture

No ,no hate for you.

Just one plain question,how come that this perfect being,created an such speices.

That from the very begining,started out with killing one and other?

Did it start out with the judgement,dont want to junk you,but it dont give one logical sence at all,only to followers of the black book of keeping everybody opresed:Its harder for  a rich to enter heaven,than for a Camel to go through the eye of an needle=meening stay poor for ever and you go straight to Paradise!

Peace be with you,anyway!

Sat, 05/19/2012 - 13:01 | 2443364 Escapeclaws
Escapeclaws's picture

The rich can't enter heaven because they are convinced they can buy their way in. What's so hard to understand about that?

It's like they don't have to be intelligent like you, because they can just pay people like you to do their thinking for them. They love hiring "talent" and talk about it all the time with no sense of irony.

Do you understand the rich?

Fri, 05/18/2012 - 20:29 | 2442448 Jack Burton
Jack Burton's picture

Agree, the MSM are as much a part of this game of lies as our governments, central banks and Investment Banks. The Media are liar whores on their knees to the Power Establishment that blew up the economies and now seek to continue to gain from their collapae.

I am familiar with the media in the old days of the Soviet Union, America's modern media has advanced propaganda by ordes of magnitude over the rickety old Soviet propaganda apparatus.

CNN, CNBC, MSNBC, FOX, CBS, you name it, they all tell lies in oder to protect the established rip off artists who call themselves the American Government and the American Markets.

The Markets are lies. They are manipulated and pumped. America is insolvent, only the Fed and it's massive bind purchases allow the US to continue to borrow at anything like the fake interest rates of today's treasuries.

Fri, 05/18/2012 - 21:57 | 2442621 RiverRoad
RiverRoad's picture

The MSM is paid well by their advertisers to lie and lull us to sleep.

Fri, 05/18/2012 - 23:48 | 2442786 tenpanhandle
tenpanhandle's picture

ZZZZZZZZZZZZZZZZZZZZZZ

Fri, 05/18/2012 - 23:27 | 2442749 BenLightYear
BenLightYear's picture

All for the benefit of Americans I might add...well attentative Americans...if you stay up to speed and aware you do quite well in such an atmosphere...better than you would with slow, natural, unmanipulated growth

Sat, 05/19/2012 - 09:19 | 2443058 disabledvet
disabledvet's picture

the events of 2008-present haven't given them an answer however either. Where are THEY going with all their propaganda? IT AIN'T TO A HIGHER PAYCHECK THAT'S FER SURE!!! "When the solution is the country itself must pay its bills in order survive truth to power will be spoken." And that is the true power WITHIN as well...

Fri, 05/18/2012 - 18:55 | 2442212 catalyst21
catalyst21's picture

"Blindness by the masses" yes, but the masses are waking up.  Ironically, social media helped to get out the word to the masses that the Fadebook IPO was a big pump and dump.  Sites like ZH (thank you) are doing the same thing.  In aggregate will it make a substantive difference?  Well, Europe in the coming months will give us some interesting clues to the longer term trend.

Fri, 05/18/2012 - 19:17 | 2442269 X.inf.capt
X.inf.capt's picture

everyone ready for a..

BLACK MONDAY...

bitchez....

Sat, 05/19/2012 - 07:37 | 2442979 bdc63
bdc63's picture

I prefer BLACK TUESDAYS ... it's a bit of a tradition after all ...

Sat, 05/19/2012 - 08:35 | 2443021 Oh regional Indian
Oh regional Indian's picture

And just because of that it's going to be Black Wednesday this time.

ori

Fri, 05/18/2012 - 20:15 | 2442418 Terminus C
Terminus C's picture

Seriously, quit posting this fucking shit on EVERY article.

Fri, 05/18/2012 - 19:18 | 2442273 Soul Train
Soul Train's picture

Tyler - very well thought out and written.

Fri, 05/18/2012 - 20:39 | 2442467 candyman
candyman's picture

Anyone see MDB? Hello, Hello, are you in there?

Fri, 05/18/2012 - 21:14 | 2442535 Bollixed
Bollixed's picture

MDB bought 300 FB shares at $45.

He's hanging out in back of the shed. Literally...

Fri, 05/18/2012 - 21:25 | 2442552 Manthong
Manthong's picture

I hope he got the actual certificates.

His heirs will be thanking him for the valuable kindling.

Sat, 05/19/2012 - 01:48 | 2442850 RiverRoad
RiverRoad's picture

Yes, "It" has all been One Big Lie for sure, Tyler, and it becomes more apparent everyday that Gold has been the glue holding the world together through all their machinations.  In that there is hope.

Sat, 05/19/2012 - 20:28 | 2443971 Buck Johnson
Buck Johnson's picture

It's beause they know that the big bitch is coming and it's going to be a multi decade event.  We are looking at a world depression and a coming war.

Fri, 05/18/2012 - 18:49 | 2442196 ebworthen
ebworthen's picture

At least flipping pancakes will always get you a filling breakfast.

Fri, 05/18/2012 - 18:49 | 2442197 cossack55
cossack55's picture

I, for one, am certainly hoping for something for the CBers.  (Hint-1789)

Fri, 05/18/2012 - 19:10 | 2442248 supafuckinmingster
supafuckinmingster's picture

cosack55: "I, for one, am certainly hoping for something for the CBers.  (Hint-1789)"

 

What? You would like them to eat some......erm.......cake, maybe?

Fri, 05/18/2012 - 20:58 | 2442507 Harbanger
Harbanger's picture

Chaos does not lead to Democracy.  After the French Revolution in 1789, there was mostly crisis and conflict.   Napoleon took control 10 years later (1799), and eventually became emperor.  His reign was bloody, and he took France to war many times until his last battle in 1815—Waterloo.

http://usawatchdog.com/chaos-does-not-lead-to-democracy/

Sat, 05/19/2012 - 03:30 | 2442892 cossack55
cossack55's picture

So.......the last ten years of war don't count. WTF.  When will the Iran bombings begin?  Then Pakistan? Roll the dice or die under the table.  Give me dem' bones.

Sat, 05/19/2012 - 03:51 | 2442901 NoClueSneaker
NoClueSneaker's picture

Hillary pushed the button, giving India all the options free.

( The greatest democracy in the world starts bombing Pakistan in 3.. 2.. 1... )

Avidgor Liebermann and Bandar Bush ready to conquer the oil of Mullahs for Exxon & Saud Aramco.

 

Bullish.

Sat, 05/19/2012 - 07:41 | 2442984 bdc63
bdc63's picture

the only thing revolutions do is replace one maniacal egomaniac with another maniacal egomaniac.

Sat, 05/19/2012 - 08:39 | 2443025 Jake88
Jake88's picture

Said the good sheeple.

Sat, 05/19/2012 - 10:10 | 2443098 Spastica Rex
Spastica Rex's picture

American Revolution?

Sat, 05/19/2012 - 12:36 | 2443325 Harbanger
Harbanger's picture

"I had rather be on my farm than be emperor of the world" -George Washington.

Sat, 05/19/2012 - 09:05 | 2443044 francis_sawyer
francis_sawyer's picture

Napoleon was a Mason & his ascent was funded by the French branch of the Red Shield family...

Sat, 05/19/2012 - 09:24 | 2443064 disabledvet
disabledvet's picture

And King Loius the 14th was a peacenik! "The Sun King" was all about free enterprise and a helping hand!

Sat, 05/19/2012 - 12:19 | 2443290 TheGardener
TheGardener's picture

Democracy is bedded into chaos. Like mushrooms feed on decomposing organic matter. A very low form of life in between plants and animals, very interim and short lived.

Spores to last 2000 years though.

Fri, 05/18/2012 - 18:50 | 2442201 Pancho Villa
Pancho Villa's picture

Facebook: the hype that failed. It fell flat on its face instead.

Fri, 05/18/2012 - 19:01 | 2442228 Jack Napier
Jack Napier's picture

What sounds better, FacePalmBook or FlatOnYourFaceBook?

Fri, 05/18/2012 - 19:24 | 2442285 BurningFuld
BurningFuld's picture

I'm kinda going with Face Plant.

Sat, 05/19/2012 - 07:31 | 2442973 The Final Countdown
The Final Countdown's picture

Soon the muppets that bought into this IPO will be FaceBroke

Fri, 05/18/2012 - 19:46 | 2442333 aerojet
aerojet's picture

Are the founders billionaires or not?  At least on paper?

Fri, 05/18/2012 - 20:18 | 2442426 AldousHuxley
AldousHuxley's picture

how about DOUBLE DIGIT BILLIONARES?

 

zuckbird worth more than google founders bitches.

 

That's how the elites buy your obedience....make some kid a billionare via startup lottery, reinstall hope in youth despite depression level unemployment, new FB money buys overpriced old palo alto homes to restart the housing bubble......

Sat, 05/19/2012 - 10:15 | 2443105 Spastica Rex
Spastica Rex's picture

+1

I wanna be like Mike.

Fri, 05/18/2012 - 20:52 | 2442489 Winston Churchill
Winston Churchill's picture

Paper burns.

Fri, 05/18/2012 - 23:54 | 2442790 tenpanhandle
tenpanhandle's picture

it also covers rock......... for the time being.

Sat, 05/19/2012 - 03:33 | 2442893 cossack55
cossack55's picture

Who cares. With the aid of Rudy von Bernankenstein we will all be billionaires soon.  Since I own some Zimbabwe money, I am already a trillionaire.

Fri, 05/18/2012 - 20:36 | 2442462 Mr. Lucky
Mr. Lucky's picture

FACE BUKAKI

Fri, 05/18/2012 - 22:40 | 2442690 Ineverslice
Ineverslice's picture

Oh man!... Messy indeed.

Fri, 05/18/2012 - 23:57 | 2442794 tenpanhandle
tenpanhandle's picture

isn't the word "face" already implied in "bukaki"?  I nominate BUKAKI BOOK. 

Fri, 05/18/2012 - 23:58 | 2442796 tenpanhandle
tenpanhandle's picture

okay, I'm done.

Sat, 05/19/2012 - 01:01 | 2442828 Mr. Lucky
Mr. Lucky's picture

My double entendre was intentional.

Sat, 05/19/2012 - 09:12 | 2443051 infinity8
infinity8's picture

Bu-kaka.

Fri, 05/18/2012 - 18:51 | 2442202 sgt_doom
sgt_doom's picture

At least we have a "democratic" president in America. . . . . . . right ? ? ?

           THE OBAMA RECORD

Overturned:  About a year and a month ago, President Obama went on national television supporting the firing of Black-American teachers in Chicago.
Fortunately, a federal judge ruled their firing to be unlawful termination.

Overturned:  Sometime back, Shirley Sherrod was unethically dismissed from the Agriculture Department, and her unlawful termination was settled out of court to her satisfaction.

Overturned:  The other week, Dr. Cate Jenkins, who was unethically terminated from the EPA under the Obama administration (she turned whistleblower during the Bush administration), was reinstated to her position, with back pay, by a federal court.

Overturned:  A U.S. District Court in New York has blocked provisions in last year’s Defense authorization bill that allow for military detention for terror suspects, throwing a wrench in the debate that will take place on the House floor Thursday.

District Judge Katherine Forrest ruled against the U.S. government and in favor of a group of civilian activists and journalists who had sued over the detention provisions in the 2012 National Defense Authorization Act, according to Reuters. The plaintiffs had said they feared being detained indefinitely by the law.

http://www.politicsplus.org/blog/2012/05/17/ndaa-unconstitutional/

Fri, 05/18/2012 - 20:00 | 2442373 emersonreturn
emersonreturn's picture

okay, sgt_doom, american idle and the upcoming election...differences?  similarities??

Fri, 05/18/2012 - 20:15 | 2442416 blunderdog
blunderdog's picture

        At least we have a "democratic" president in America. . . . . . . right ? ? ?

I dunno dude, these American "elections" are all pretty goofy.

Oh, wait...did you mean Democrat President? 

We've got one of THOSE.  That Adama guy.

Fri, 05/18/2012 - 20:41 | 2442469 candyman
candyman's picture

good try, there are other sites for you, get your head out of the weeds you snake.

Fri, 05/18/2012 - 23:32 | 2442754 putaipan
putaipan's picture

re: the last one, judge turner's ruling-

and congress turns around today and votes in ndaa 2013 - specificly dropping ammendments to indefinate detention.

Fri, 05/18/2012 - 23:49 | 2442787 Iwanttoknow
Iwanttoknow's picture

Thank you.Only array of light in bleak times.

Fri, 05/18/2012 - 18:51 | 2442204 CPL
CPL's picture

Bank holiday in Canada on Monday.  US markets open.

 

I'll be wearing my finest along with some friends

Fri, 05/18/2012 - 21:49 | 2442602 BigInJapan
BigInJapan's picture

May 2-4!

Fri, 05/18/2012 - 18:55 | 2442208 eddiebe
eddiebe's picture

Well, the truth may get out eventually and that may actually do some good if enough people listen and are intelligent and willing enough to act on it. Until there is credible accountability from top to bottom though all that truth, be it straight up or on the rocks, wont amount to a small pile of beans and may just as well stay buried under the mountain of lies and bullshit it is buried under. 

Fri, 05/18/2012 - 23:37 | 2442763 BenLightYear
BenLightYear's picture

It will be a lot better if things were more solid...we could take our rightful place of a crumbling empire that subsisted for 60+ years based on pillaging, plundering, and looting. Not to insinuate I condone the current actions however unlike most posters here I understand the price we will eventually pay when things are straightened out. My suggestion is too enjoy things while they are good cause eventually they will get a lot worse. If your pinning hopes on the American spirit, American ingenuity, and American excellence I think your in for a rude awakening. If you think American society today can subsist on those things you obviously haven't left your house in a long time. We got at least 10-20 years before the bottom falls out and my suggestion is too take advantage now and set yourself up for when we live the quality of life we deserve. Yeah I know I have gold and silver and food stockpiles so I'm ready. Personally I enjoy the comforts that he average person in this country wouldn't if we played by the rules. And if those thoughts weren't enough to parade my return back with I'll leave ya with a better one. Bernanke knows what he is doing and it isn't too screw you over, he does it so you don't live in third world poverty next week.

Sat, 05/19/2012 - 01:56 | 2442853 putaipan
putaipan's picture

milion dollar bonus occupy logic? shalom ben-ladin protecting us from njordic malthusians? sarcasim off?/cynical galt-anisms on? enjoy it now and it DOES get a whole lot worse... fuck you.

asshole. congratulations. you're the first person i've really wanted to beat up in here.

(ok. reread your post. you're probably a well meaning dude. still pisses me off. and thank you tylers for  the right to plumble each other silly 'till someone comes up with a reasonable plan of action.)

Sat, 05/19/2012 - 02:55 | 2442880 BenLightYear
BenLightYear's picture

Well meaning? Not at all. Just a realist. I don't condone American actions however I would much rather see us brought slowly to our proper place rather than crashing towards it. In fact if it's coordinated right or at least not screwed up too badly our decline won't even be considered a decline. I wish ya would have at least attempted to contradict what I said so I could piss ya off even more however I feel as though me commenting further at this point is the same as me going outside and shooting at clouds.

Sat, 05/19/2012 - 12:55 | 2443360 TheGardener
TheGardener's picture

"American spirit, American ingenuity, and American excellence"

That what is called `rude` now tells it all. No rude awakening, just some sobering up that morning.

Keep drinking.

Fri, 05/18/2012 - 18:58 | 2442217 I am Jobe
I am Jobe's picture

Too much fucking inbreeding - Period

Fri, 05/18/2012 - 18:58 | 2442218 AC_Doctor
AC_Doctor's picture

Hope none of you got Facellacioed...

Fri, 05/18/2012 - 18:59 | 2442222 Joe The Plumber
Joe The Plumber's picture

I have been embarrassed to admit I went to world news daily for info, but there are even more historical pieces now that documented a kenyan birth, not just the "typo" by the publicist

Fri, 05/18/2012 - 19:42 | 2442325 blueridgeviews
blueridgeviews's picture

If Obama was a citizen this whole thing would have been over a long time ago.

Fri, 05/18/2012 - 20:39 | 2442466 Dr. Sandi
Dr. Sandi's picture

Yeah, if he was a citizen he wouldn't be a lying, conniving tool of the owners.

Too bad too. We citizens are way too upright for our own good in this here United Snakes.

Fri, 05/18/2012 - 22:11 | 2442651 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

yeah and maybe if you knew his opponent John McCain was born in the Panama Canal Zone (making him ineligible too) then you would all just shut up. The whole birther thing is so irrelevant and just distracts from the real fight IMO

Sat, 05/19/2012 - 02:35 | 2442872 Terminus C
Terminus C's picture

You miss the point entirely. If the president is able to circumvent the law at election, that sets a precedent. "We will follow this law because it is convenient but not that one because it is not..."

The law itself may be archaic and unnecessary but one does not change the law, particularly constitutional law, by ignoring the parts you don't like. You change the law through due process.

Those who say, "big deal" are agreeing to the arbitrary circumvention of the rule of law and that really is a big deal.

Sat, 05/19/2012 - 05:41 | 2442933 Clashfan
Clashfan's picture

Precisely, Terminus. I cannot fathom how so many ignore this obvious, important element to the whole birther controversy. I think it may be part of a larger, planned, social push to psychologically persuade enough people that the Constitution is merely outdated.

Citizenship requirements for a President are there for a reason, I might add.

Sat, 05/19/2012 - 07:25 | 2442969 chubbar
chubbar's picture

To say nothing of the fact that McCain was born to American Citizens on an american military base and therefore is considered a U.S. citizen just like any other child born on a U.S. base to U.S. citizens.

Fri, 05/18/2012 - 19:00 | 2442225 distopiandreamboy
distopiandreamboy's picture

"Though individually the Romans were exceedingly economical and careful in the management of their private property, the state as such was extravagant and careless with the state revenue. It was found impossible to protect the public property from being plundered by private individuals, and the feeling of powerlessness resulted in reckless indifference."

-Wilhelm Ihne, The History of Rome Vol. 4 1882

Fri, 05/18/2012 - 20:03 | 2442387 Charles Wilson
Charles Wilson's picture

Josephus, "Wars of the Jews_, 2, 1, 3 (in part, you should read the whole thing):

"And indeed, at the feast of unleavened bread, which was now at hand, and is by the Jews called the Passover, and used to he celebrated with a great number of sacrifices, an innumerable multitude of the people came out of the country to worship...At this Archelaus was aftrighted, and privately sent a tribune, with his cohort of soldiers, upon them, before the disease should spread over the whole multitude, and gave orders that they should constrain those that began the tumult, by force, to be quiet. At these the whole multitude were irritated, and threw stones at many of the soldiers, and killed them...so he [[Archelaus]] sent his whole army upon them, the footmen in great multitudes, by the way of the city, and the horsemen by the way of the plain, who, falling upon them on the sudden, as they were offering their sacrifices, destroyed about three thousand of them...

See also Luke 19: 39 - 40.

Nice quote from Ihne.  We're almost there again.

Fri, 05/18/2012 - 20:20 | 2442433 Kassandra
Kassandra's picture

Romans? We'll never last as long as the Romans...they weren't fat!

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