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"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.

 

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Fri, 05/18/2012 - 19:03 | 2442234 Go Tribe
Go Tribe's picture

The "masses" aren't blind. I don't know anyone who thinks wall street and the government aren't just crooked. But what are they to do? Storm the castle walls and be slaughtered?

Fri, 05/18/2012 - 19:28 | 2442294 Things that go bump
Things that go bump's picture

Maybe we will just not play anymore.  

Fri, 05/18/2012 - 19:51 | 2442346 SPAREPARTS
SPAREPARTS's picture

We just need to stop buying the Bullshit in mass, the storyline and the products, my two cents

Fri, 05/18/2012 - 19:53 | 2442351 SPAREPARTS
SPAREPARTS's picture

If it requires an advertisement than you dont need it

Fri, 05/18/2012 - 22:42 | 2442692 Things that go bump
Things that go bump's picture

I saw a show on cable last night.  It was called million dollar rooms or something like that and I could hardly believe the disgusting excess and ostentation that was on display. Those owners must be nouveau riche, because old money is more discreet and certainly doesn't conduct tours.  It was vulgar beyond description.  They toured a bedroom bigger than a McMansion with silk carpets and silk fabric on the walls, furnished (prophetically?) in the French fashion of one of the later Louis's, with geegaws and furbelows covering every available surface.  There was a bedstead covered in silver leaf with a TV that rose from the foot of the bed.  It came complete with his and hers bathrooms and his and hers closets as big as many houses.  The designer went about pointing out each new extravagance and the host of the show shamelessly asked how much the hand etched tiles cost ($200 each) or what was paid for the marble tub.  I was waiting for them to show us the comforts of the vomitorium. They showed one place in Texas that had a swimming pool larger than some lakes, complete with a lazy river and a water slide right out of an amusement park.  One needed an arial view to properly appreciate the enormity of it.  We are certainly at the apex as a civilization.   It is downhill back to the dark ages from here.  

Fri, 05/18/2012 - 23:41 | 2442771 BenLightYear
BenLightYear's picture

Is this no longer a pro capitalist website? I figured when it switched I would notice by the red hues. Guess I missed that. I can't believe the people on the show your talking about...sure as hell ain't from each according to their ability, to each according to their need...damn. Capitalists making profits and putting it back into the economy. /sarc I'm assuming we are back to the point on this site where that is necessary

Sat, 05/19/2012 - 01:25 | 2442797 Things that go bump
Things that go bump's picture

That is why they have had sumptuary laws in many times and many places, to prevent idiots with more than is good for them from spoiling things for everybody else.  It is dangerous to excite envy.  And isn't that a quote from Mr. Spock just before he sacrificed himself to save the rest of the crew in one of the Star Trek movies?

Sat, 05/19/2012 - 05:30 | 2442930 Mitzibitzi
Mitzibitzi's picture

No. That's "The needs of the many outweigh the needs of the few, or the one!"

Sat, 05/19/2012 - 07:20 | 2442966 nmewn
nmewn's picture

;-)

Its easy to confuse Spock & Marx, they're both aliens on free Enterprise.

Sat, 05/19/2012 - 10:22 | 2443110 Spastica Rex
Spastica Rex's picture

hmmmmmm......

Sat, 05/19/2012 - 10:24 | 2443112 Spastica Rex
Spastica Rex's picture

I agree: not as much genuflecting to the Most Holy Invisible Hand these days on ZH. And look at the junks you got (not from me): what is ZH coming to?!

Sat, 05/19/2012 - 02:19 | 2442865 putaipan
putaipan's picture

and a couple of strategic max keiser styled economic boycott take downs,,,,

Fri, 05/18/2012 - 20:00 | 2442374 AbelCatalyst
AbelCatalyst's picture

Dont play anymore: Is that Atlas Shrugging?

Fri, 05/18/2012 - 20:15 | 2442415 Zero Govt
Zero Govt's picture

you mean don't PAY anymore

Stop Paying Your Taxes.. fastest surest way to bring the suckers (Govt) down

Fri, 05/18/2012 - 22:43 | 2442694 CrimsonAvenger
CrimsonAvenger's picture

Right, because they wouldn't DARE spend more than they bring in.

Sat, 05/19/2012 - 02:17 | 2442864 putaipan
putaipan's picture

following the "self immolating tuisian moment" a good old fashioned general ,stay at home, strike, is a good idea. this time- "each according to your means" - stay out as long as you can. if you have to- go back to work.it's ok. but if you still have beans and stackem' stay out, until you're out. what have you been preppin' for? THEIR EVENT? sieze the day. you're stuff won't outlast their event / their stuff  won't survive ours.

Fri, 05/18/2012 - 20:53 | 2442490 blindman
blindman's picture

i've talked to many segments of the masses and they
don't know what the money in their pocket is, nor
do they know what the federal reserve is or does.
they don't know the mechanism of the stealing, it
has all been so "normalized". so, they are blind
to what they don't see yet is right there in their
pockets, go figure. the ones with empty pockets
see it all a little different. this debt generation
will mature with a whole different and new education
behind them.

Fri, 05/18/2012 - 23:43 | 2442777 BenLightYear
BenLightYear's picture

And yet they blame the govt, wall street, the rich, Obama, bush and so n and so forth...if you don't understand those simple things then it's by your choice...tired of the weight of carrying societal ignorance around.

Sat, 05/19/2012 - 09:34 | 2443072 francis_sawyer
francis_sawyer's picture

I've been having an ongoing conversation with a friend who does very well in one of the aspects of government which many (ZHers) have come to revile... I have finally begun to break thru to (him/her) that our system is not producing GOOD, it is producing EVIL... (Note: That aspect, I've found, is a great hurdle... There are so many who are still brainwashed into thinking they're accomplishing something GOOD, & furthermore, that they worked hard personally to achieve their status ~ It is therefore hard for them to let go of)...

It's fascinating to see the moment that they're finally cornered into facing the COGNITIVE DISSONANCE question... Basically ~ they are either 'moral' or 'immoral' at heart... The immoral ones don't really care (which is fine, because it is a signal that your efforts to shine a light produce nothing in the end & you shouldn't waste your time)... Instead ~ the ones who think of themselves as moral arrive at a crossroads...

The one in particular that I'm referring to, the best I've been able to accomplish thus far is to attain acknowledgement, but the next step is, assuming I'm correctly viewing the situation, they can't really see any way out... They (perhaps logically) see the potential that society will DEVOLVE (this is ESPECIALLY true with the high tech types, or people in highly specialized fields)... They can't see DEVOLUTION as EVOLUTION... It's hard to make them see clearly that many of the social issue problems that they can only comprehend in terms of central planning, would resolve themselves by taking a step back and AWAY from this One World Order paradigm where we have been firmly directed towards for many generations now...

It's a work in progress...

 

Sat, 05/19/2012 - 13:38 | 2443419 blindman
blindman's picture

http://www.youtube.com/watch?v=XAZ81lqppn8&NR=1&feature=endscreen
The Fall of the Dollar - The Death of a Fiat Currency part 1

Sat, 05/19/2012 - 02:09 | 2442858 putaipan
putaipan's picture

occupy the teabag ! .... it has definately hit critcal 110th monkey time. all that is requried is the line in the sand trigger event. since we've seen so many of those come and go , i suppose it will have to come from us.... some kind of self immolating tunisian moment.

Fri, 05/18/2012 - 19:07 | 2442243 icanhasbailout
icanhasbailout's picture

Facebook = most successful vaporware EVER

Sat, 05/19/2012 - 07:43 | 2442987 TJ00
TJ00's picture

Facebook = most successful CRUD vaporware EVER

Fri, 05/18/2012 - 19:13 | 2442246 RiverRoad
RiverRoad's picture

Much as the central planners would like to think that economics is a "philosophy" that can be controlled by their sophistry, it turns out that economics is a science afterall and yes, of course, a dismal one at that.  But science comes with laws attached and nature does most assuredly abhore the vacuum created by the central bankers/planners lies.  Since essentially taking world currencies off gold in '71, this day was always a-comin'.

Fri, 05/18/2012 - 23:46 | 2442783 BenLightYear
BenLightYear's picture

Economics is not a science...I think you confuse economics with math...economics can not be classified as science because their are no constants...if you have no constants you cannot prove anything...with human nature every time will be different...a little Hayek, Von Mises, rothbard, or even Keynes if ya read his papers rather than his economics treaties that were written for the sole purpose of promoting certain political goals.

Fri, 05/18/2012 - 19:08 | 2442247 Whoa Dammit
Whoa Dammit's picture

Will Morgan Stanley wind up being sued because of the price at which they underwrote FB? To me, as a casual observer, the offering share price based on earnings should have been in the $3.50 to $4.00 range.

Fri, 05/18/2012 - 20:14 | 2442414 lotsoffun
lotsoffun's picture

are you joking?  that's only 10x leverage.  very conservative.  the past few years have been looking at 20 or 30x

 

Fri, 05/18/2012 - 19:10 | 2442249 spekulatn
spekulatn'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.

 

Hope at last, bitchez.

Fri, 05/18/2012 - 19:12 | 2442252 Madcow
Madcow's picture

that is right.  

hundreds of trillions of "dollars" have been "borrowed" from the "future" and spent (past tense) into the real economy - even though all that "money" never really existed in the first place.

Sat, 05/19/2012 - 03:06 | 2442883 BenLightYear
BenLightYear's picture

It's not borrowed from the future. I'll attempt to explain how our monetary system works. For their to be money it must be created. For it to be created debt is created to counterbalance it. The said debt is not actually a debt but a ledger of the money printed. The interest we pay is similar to a tax in the manner we pay it to keep our money working and to attempt to restrain govt from printing too much. The debt can never be repayed because to do so would take more money than which exists. P + I > the starting P...truth is it is a scam...however is a scam too the rest of the world...not too the citizenry of America. Is a boon to the people of America. Would be happy to elaborate or even send ya a 110 page dissertation on said subject if you would like. One day eventually all the people in this country who rally against this system will look back and long for it. Said system is on a time line and if you don't take advantage today you will regret it tomorrow. Deride me for my consent however I challenge anyone to make an argument against based on anything aside from a moral standpoint.

Sat, 05/19/2012 - 09:42 | 2443079 francis_sawyer
francis_sawyer's picture

 "...however is a scam too the rest of the world...not too the citizenry of America. Is a boon to the people of America"

~~~

It is knee slappingly laughable how you can make that comment immediately following the 'ledger' aspects that you put in the first part of your comment...

So basically, if this whole system is a boon to Americans, (& fuck the rest of the world), then in REALITY, the system is not balanced... & on a long enough timescale...

Unless your basic philosophy is... Hey it all works for me & fuck the rest... Go ahead and play that game to it's final endpoint... When you finally win, you'll be the last human left on the planet & you will have successfully eradicated the species (which, perhaps, in the grand scheme of things, NATURE would call a win)...

Fri, 05/18/2012 - 19:15 | 2442263 Bunga Bunga
Bunga Bunga's picture

This truth is pretty old "news" here.

Fri, 05/18/2012 - 19:16 | 2442264 boogerbently
boogerbently's picture

A stock is worth what the media leads the sheep to believe it's worth.

In the case of FB, there was "ample warning"......to those who would hear.

Fri, 05/18/2012 - 19:16 | 2442265 supafuckinmingster
supafuckinmingster's picture

............priced in.

Fri, 05/18/2012 - 19:18 | 2442270 Peter Pan
Peter Pan's picture

I don't believe that the truth is getting out there. All that happens is that people get angry or startled occassionally by some news item and within minutes, hours or day they settle down after the media rocks them to sleep with a bit of entertainment or propaganda or some other diversion like a new war.

Sat, 05/19/2012 - 01:11 | 2442833 Bizaro World
Bizaro World's picture

The Truth is there, but you have to be willing to put forth a minor bit of effort and try to find it....MSM is all propaganda as most ZHers know, the problem with most others however, is that they are lazy. They would rather sit in front of the tv and be told lies and distractions than search alternative media on the Internet. The "buy and hold" / BTFD mentality (faith system) is still very prevalent. I will never forget when a young gal at work raised a point about how angry she was that most Americans have no savings for retirement. She pompously and ignorantly declared, "they should be Forced to save for retirement by having their paychecks docked." when I turned around and sadly said that gov't had already forced such a corrupt system on its citizens, "it's called social security, and it will be broke by the time you retire"......a lightbulb flickered in her head, it did not turn on fully mind you, but at least made her question some things.

Sat, 05/19/2012 - 03:09 | 2442885 BenLightYear
BenLightYear's picture

+1 for a well said statement bizaro...don't stop commenting, I feel lonely enough here now

Sat, 05/19/2012 - 04:16 | 2442910 Andy Lewis
Andy Lewis's picture

Kardashian bitchez!

Fri, 05/18/2012 - 19:18 | 2442272 Fix It Again Timmy
Fix It Again Timmy's picture

Truth is the daughter of time, not of authority.
Francis Bacon

Fri, 05/18/2012 - 20:20 | 2442429 Zero Govt
Zero Govt's picture

Truth, like beauty, is in the eye of the beholder

if you were Lloyd Blankfein tonight all you'd be thinking about is timing of this IPO and not hitting the rally a month or two earlier

Fri, 05/18/2012 - 19:23 | 2442283 navy62802
navy62802's picture

Dow is down more than 7% since the beginning of May.

Fri, 05/18/2012 - 19:25 | 2442286 Caviar Emptor
Caviar Emptor's picture

Like old gambling addicts, eventually the bets degenerate to which roach will climb the wall first with one leg missing. When there was organic growth, the stock market was about helping companies reach their goals. Now its about putting money into the pocket of the giant middleman who produces nothing

Fri, 05/18/2012 - 19:28 | 2442295 Frastric
Frastric's picture

I think something like Facebook's share price to crash and burn will wake people up to first the tech bubble 2.0, and then make them look a bit deeper into all the other screwy things happening in the markets. They'll turn to sites like Zero Hedge, so here's hoping site interest and views remains on that parabolic upwards curve!

Fri, 05/18/2012 - 19:31 | 2442302 zerotohero
zerotohero's picture

The truth will set you free.

Fri, 05/18/2012 - 20:23 | 2442438 Zero Govt
Zero Govt's picture

it can get you jailed and nobbled too

Fri, 05/18/2012 - 19:33 | 2442310 Cursive
Cursive's picture

Truth is beauty and beauty is truth. And a beautiful day it was for truth. Now I will drink another beer to that truth.

Fri, 05/18/2012 - 19:56 | 2442360 American Dreams
American Dreams's picture

This is beauty personified, thanks you Cursive.

Fri, 05/18/2012 - 20:23 | 2442439 blunderdog
blunderdog's picture

I have drunk another beer.

I think truth is more sublime.

Fri, 05/18/2012 - 20:46 | 2442481 Pinktip
Pinktip's picture

Most people will ignore the truth until it swims up and bites them in the ass....( a little Jaws.....)

Sat, 05/19/2012 - 02:26 | 2442870 putaipan
putaipan's picture

Information is not knowledge. Knowledge is not wisdom. Wisdom is not truth. Truth is not beauty. Beauty is not love. Love is not music. Music is the best…

Fri, 05/18/2012 - 19:40 | 2442322 buzzsaw99
buzzsaw99's picture

That money is not borrowed from future generations it is borrowed from the damn fed who pulled it out of their asses. The money isn't even real. Why do a bunch of goldbug libertarians give a crap about the bogus national debt? If it weren't for the bankers there would be no national debt. It really is NO PROBLEM and I am surprised you people can't see it.

Fri, 05/18/2012 - 19:43 | 2442327 midgetrannyporn
midgetrannyporn's picture

I can't sleep at night. My on-camera performance has suffered mightily because I am so worried about the joobux fedres national debt. hahahahahahaha!!!

Fri, 05/18/2012 - 19:45 | 2442332 buzzsaw99
buzzsaw99's picture

The young people are going to have to work so hard to pay off that debt their parents saddled them with because they are slaves to the banker man's clownbux. The horror...

Fri, 05/18/2012 - 19:48 | 2442336 midgetrannyporn
midgetrannyporn's picture

A single ounce of silver will pay off the whole thing in three or four years. I don't see why their panties are in a wad.

Fri, 05/18/2012 - 19:53 | 2442352 buzzsaw99
buzzsaw99's picture

You should write a blog post up in heya. Some of these posts are so lame that a retard would go wtf and quit reading.

Fri, 05/18/2012 - 21:15 | 2442536 Yen Cross
Yen Cross's picture

 Yes, Buzz.! I was was looking @ those boatloads of " COAL" being deferred to indonesia?   Any thoughts?

   Yen always " loves ya" Buzz!

Fri, 05/18/2012 - 19:57 | 2442365 SPAREPARTS
SPAREPARTS's picture

Quality of living goes down, more than one generation will pay

Fri, 05/18/2012 - 20:03 | 2442385 nmewn
nmewn's picture

"Why do a bunch of goldbug libertarians give a crap about the bogus national debt? If it weren't for the bankers there would be no national debt. It really is NO PROBLEM and I am surprised you people can't see it."

Well, as one...lol...I've thought about it...that is, the day the government says to the Fed they ain't paying principle or interest and taking away your charter...we'll just do it ourselves...you lose.

Accountability breeds responsibility...we'll see.

But in the meantime I'll keep stackin ;-)

Fri, 05/18/2012 - 21:46 | 2442595 BoNeSxxx
BoNeSxxx's picture

I couldn't agree more my friend... the private federal reserve took on the risk of bankroling the gov't in exchange for having control over the money supply.  The fed's charter expires in 2013 or thereabouts... THAT could be interestiing. Dare we dream that the gubmint would ever pull the rug out from under them and say, 'thanks for the memories, it's been swell'?

Probably not... but a girl can dream.

Fri, 05/18/2012 - 22:07 | 2442643 toady
toady's picture

That's one of my favorite scenarios!

Hopefully they can just lay it all off 'federal reserve incompetence', say sorry, and default.

Sat, 05/19/2012 - 01:21 | 2442836 Bizaro World
Bizaro World's picture

Those noble enough to try have found themselves pushing up daisies. JFK removing printing authority from FED by executive order and placing it in Sec Tres, assassinated same year. Somehow I think 2013 will have no major impact on the fed, charter renewal will be rubber stamped.

Sat, 05/19/2012 - 10:16 | 2443106 The Watchman
The Watchman's picture

Exactly. Unfortunately, we take orders from the FED. Not the other way around.

Sat, 05/19/2012 - 07:50 | 2442993 nmewn
nmewn's picture

BNS,

More & more people are seeing it (the Fed) for what it is...a device, institutued by Congress (literally in the dead of night) with the "help" of monied interests, to fund both war & welfare.

It's an insidious, Machiavellian thing, giving politicians, bankers and the assorted crony hangers-on plausible deniability in the sacking of a country.

Girl???...I learn something everyday...lol.

I hope I have never offended you (on or off ZH) in our chats...

Fri, 05/18/2012 - 19:48 | 2442335 peekcrackers
peekcrackers's picture

the year 2000 called ... they want they'er dot com bust back

Fri, 05/18/2012 - 19:47 | 2442337 NemoDeNovo
NemoDeNovo's picture

Doin the Facebook Flop, er I mean Flintstone Flop.........

 

http://youtu.be/ZplrZtJNEeA

 

Just wait for it, next week that is.......

 

Nemo

Fri, 05/18/2012 - 19:53 | 2442353 nmewn
nmewn's picture

What happens if...every debt-monetarist-hackademic professor in the world discovers(?) everything they have ever been taught...everything they teach to students...everything they believe and promote till they are red in the face...is a lie?

Fri, 05/18/2012 - 20:05 | 2442395 SPAREPARTS
SPAREPARTS's picture

There are teachers teaching the story as they see it, and I gotta believe only a minority tow the party line, We the know the books are bull and theory flawed

Fri, 05/18/2012 - 20:13 | 2442408 Marco
Marco's picture

The same thing the gold bugs do when considering gold standard depressions, ignore it and move on ... for some people there are only easy answers.

Fri, 05/18/2012 - 20:37 | 2442460 nmewn
nmewn's picture

To you both...yes, I believe "some" know the truth...how could they not know earnings & savings come before "investment"?

As to gold standard depressions, they were sharp & quick (relatively speaking) as malinvestment got torched and we moved on.

That isn't happening now is it?

Real is real (corn-gold-oil-land etc)...counterfeit is still fraud.

Fri, 05/18/2012 - 20:46 | 2442479 candyman
candyman's picture

then you will have been welcomed home to amerika. until then keep dreaming.

Fri, 05/18/2012 - 21:00 | 2442508 nmewn
nmewn's picture

lol...I'm goin to the bar and see if I ccan pick a fight ;-)

Fri, 05/18/2012 - 19:55 | 2442357 FinalCollapse
FinalCollapse's picture

These darn cockroaches don't want to stay under the rug!

Fri, 05/18/2012 - 20:01 | 2442378 American Dreams
American Dreams's picture

There are still some schools that teach Austrian Economics. I'm speaking at one this fall and I cherish the opportunity. Believe it or not, yes it is a public institution.

Fri, 05/18/2012 - 20:33 | 2442455 CH1
CH1's picture

There are still some schools that teach Austrian Economics...

Thank you, and let them have the unvarnished truth.

Fri, 05/18/2012 - 22:08 | 2442644 mjk0259
mjk0259's picture

How does Austrian Economics explain how Communist China buys more cars per year then relatively capitalist US?

Fri, 05/18/2012 - 23:32 | 2442756 slewie the pi-rat
slewie the pi-rat's picture

population

Sat, 05/19/2012 - 05:52 | 2442936 Clashfan
Clashfan's picture

Duh, population and the fact that such a high percentage of China's population was previously without a vehicle.

Fri, 05/18/2012 - 22:13 | 2442657 Mary Wilbur
Mary Wilbur's picture

What's the name of the school?

Sat, 05/19/2012 - 04:13 | 2442909 piliage
piliage's picture

NYU and George Mason are known as being on the Hayek bandwagon. They are public Universities, and ranked highly. My bet, it is one of those two.

 

Fri, 05/18/2012 - 20:04 | 2442380 Earl of Chiswick
Earl of Chiswick's picture

I have to think that ZH web traffic will soon eclipse that of Zuckbook, though we continue to  miss Ms. Marla who is/was the anthisis  of  Fbook sister,  the lovely and very rich Randi Zuckbook who for some looks like her brother in drag

 

( http://t3.gstatic.com/images?q=tbn:ANd9GcT7xxSVyL-VyiTww5RpTa3153yila2PX... )

Fri, 05/18/2012 - 20:10 | 2442405 lotsoffun
lotsoffun's picture

why would you assume she is rich?  a zucker may be born every minute, but what surprised me in my the time passing was how 'geeks' like gates and jobs were just as sociopathic (and really ruthless) as any of the rest of the pure banking breed.  why would he give her a penny?  altruisism?

 

Fri, 05/18/2012 - 20:02 | 2442381 barroter
barroter's picture

Guess the retail buyer didn't beg to get on this train.  Guess they were tired of being ripped off.

Fri, 05/18/2012 - 20:03 | 2442386 blindman
blindman's picture

Grateful Dead - Eyes of the World (Studio Version)
http://www.youtube.com/watch?v=vCy9k_RWlvA
.
"wake up to find out
you are the eyes of the world." r.h.
.
Right outside this lazy summer home
You aint got time to call your soul a critic no.
Right outside the lazy gate of winters summer home,
Wondrin where the nut-thatch winters,
Wings a mile long just carried the bird away.

Wake up to find out that you are the eyes of the world,
The heart has it's beaches, it's homeland and thoughts of it's own.
Wake now, discover that you are the song that the mornin brings,
But the heart has it's seasons, it's evenins and songs of it's own.

There comes a redeemer, and he slowly too fades away,
And there follows his wagon behind him that's loaded with clay.
And the seeds that were silent all burst into bloom, and decay,
And night comes so quiet, it's close on the heels of the day.

Wake up to find out that you are the eyes of the world,
The heart has it's beaches, it's homeland and thoughts of it's own.
Wake now, discover that you are the song that the mornin brings,
But the heart has it's seasons, it's evenins and songs of it's own.

Sometimes we live no particular way but our own,
And sometimes we visit your country and live in your home,
Sometimes we ride on your horses, sometimes we walk alone,
Sometimes the songs that we hear are just songs of our own.

Wake up to find out that you are the eyes of the world,
The heart has it's beaches, it's homeland and thoughts of it's own.
Wake now, discover that you are the song that the mornin brings,
But the heart has it's seasons, it's evenins and songs of it's own.

Fri, 05/18/2012 - 20:58 | 2442505 All Out Of Bubblegum
All Out Of Bubblegum's picture

The old lady and I just danced to that. Thanks, bud. Hadn't heard it in years.

Fri, 05/18/2012 - 20:04 | 2442392 riphowardkatz
riphowardkatz's picture

Knowing there are symptoms is  much different than knowing the cause. if history is any guide everything will be blamed (jews,mexicans,captialism, socialists, communists, fascists, the wrong people in charge, the south, the north, Europe, china, bush, obama, FDR, senate, blogs, democracy, lack of transparency, too much regulation, too little regulation, peak oil, boomers, big oil, and the list goes on. But the blame will most likely never be placed where is should be. Until people lay the blame on the failed philosophy of altruism they will continue to believe that stealing is OK as long as it is for the greater good. And as long as people value the greater good over their own well being they will continue to allow the state to steal from some to give to others.

Fri, 05/18/2012 - 20:08 | 2442402 SPAREPARTS
SPAREPARTS's picture

yeah we are studying all that so it does'nt happen again,hahhahahaahahaha

Fri, 05/18/2012 - 20:16 | 2442421 blunderdog
blunderdog's picture

Of course.  Altruism everywhere.  That's the fuckin' problem.  We're being smothered with ALTRUISM.

Duh.

Fri, 05/18/2012 - 21:45 | 2442437 riphowardkatz
riphowardkatz's picture

yes there is altruism everywhere. its called sacrifice for the greater good, you see the symptome which are despots saying sure thing let me be the one that decides what the greater good is and then you blam them. like I said people including you will continue to blame everything but the root cause. Duh.

Fri, 05/18/2012 - 21:33 | 2442565 Cabreado
Cabreado's picture

No.

We're being smothered with lies, born of pathological Self-Absorption.

The antithesis of altruism.

Fri, 05/18/2012 - 21:41 | 2442582 riphowardkatz
riphowardkatz's picture

yes its the lies. please.  the fed prints the exact amount of increase in money supply, everyone can see prices rising at 10% or more, everyone know the debt is through the roof and its all lies. pull your head out. people know they dont care in fact they believe it is for the greater good and therefore support it and want more. has nothing to do with lies. 

Fri, 05/18/2012 - 21:54 | 2442611 Cabreado
Cabreado's picture

Actually, rip,

I gave you an up-vote, and what you just described is a very good definition of -- lies.

Perhaps you and I view things (and the definition of lies, and the definition of altruism) from a completely different angle and altitude.

ps. My head's out, rip, but thanks for your concern.

Fri, 05/18/2012 - 22:11 | 2442654 riphowardkatz
riphowardkatz's picture

what are the lies? help me out? there are no lies. they gave the banks billions and then the banks got record bonuses. it was very public knowledge. the majority didnt impeach the people who performed this why? because it was for the greater good <altruism

Fri, 05/18/2012 - 20:06 | 2442396 Yen Cross
Yen Cross's picture

 Does someone have a [good] picture, of a " Deer being hit by a TRAIN"?

Fri, 05/18/2012 - 21:40 | 2442578 Miss Expectations
Sat, 05/19/2012 - 00:47 | 2442819 Yen Cross
Yen Cross's picture

That was neat! Don't mess with mama deer!

Fri, 05/18/2012 - 20:07 | 2442398 steelrules
steelrules's picture

Watch Chicago this weekend and see just how much the truth has already gotten out.

Fri, 05/18/2012 - 20:22 | 2442435 Yen Cross
Yen Cross's picture

I'll be Watching Camp David.  NATO is in Chicago. "No worries". I screw up all these "boneheaded" get-too (many)-gethers!

Fri, 05/18/2012 - 20:35 | 2442459 CH1
CH1's picture

Watch Chicago this weekend and see just how much the truth has already gotten out.

Those kids don't have much of the truth. Really. They are spouting old leftist tripe and are deeply in favor of concentrating ever more power in the hands of the state.

Sat, 05/19/2012 - 01:04 | 2442830 steelrules
steelrules's picture

You mean like this young man?

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

You must understand that there is an awakening, and no they are not just spouting old " leftist tripe" they know something is wrong with the system but don't know what it is.

It's up to you and me and the rest of the Zerohedge alumnus to spread the word and give them direction.

Sat, 05/19/2012 - 04:28 | 2442914 piliage
piliage's picture

Sadly, this articulate and passionate young man I fear is a bit of an outlier. The following seems to be the mean and mode of that crowd ... http://www.youtube.com/watch?v=7SwKxUz7osM

 

Sat, 05/19/2012 - 11:16 | 2443194 VelvetHog
VelvetHog's picture

...and you know this becuase you have personally conducted 100s if not 100s of face-to-face interviews?  Turn off the "news" and pull your head out.

Fri, 05/18/2012 - 21:02 | 2442513 ExploitTheMarket
ExploitTheMarket's picture

Facebook Inc. (FB), the social network operator whose shares began trading today, was sued for $15 billion in an amended complaint by subscribers who claim the company invaded their privacy by tracking their Internet use.

http://www.bloomberg.com/news/2012-05-18/facebook-sued-for-15-billion-in-suit-over-user-tracking.html

 

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,”

Fri, 05/18/2012 - 21:07 | 2442521 q99x2
q99x2's picture

Enron Madoff Bernanke

Fri, 05/18/2012 - 21:20 | 2442547 Yen Cross
Yen Cross's picture

? Names you emulate?  

  The forum is yours'.  It's late, and everyone will forget your comments on the Sunday open!

Fri, 05/18/2012 - 21:20 | 2442545 Westcoastliberal
Westcoastliberal's picture

We the people need to let the Banksters know that, ultimately, any debt they've run up will not, in the end, be paid back by us.

For the past 4 years Bernanke et al have shoveled money in tractor-trailer loads to TBTF banks and they, in return, have lent it back to the gov with some vig.

Those of us on Main St, meantime, are still paying 18% on credit cards, still suffering foreclosures, fraud, pain, and even suicides (Wells Fargo case).

There comes a breaking point where, like in the movie Network, the people open their windows and yell out "I'm mad as hell and I'm not going to take this anymore!"

Icelanders did it, Greeks are doing it, Americans are getting the message.

Fri, 05/18/2012 - 21:33 | 2442548 Yen Cross
Yen Cross's picture

 Iceland fired banksters, not working classes! I like the idea though.

Edit; Iceland fired government " Fat Cats" and Union Leeches!

Sat, 05/19/2012 - 11:09 | 2443177 VelvetHog
VelvetHog's picture

The Solution:  Run the CCs to the moon.  Mail back the keys.  Pay $700 for BK.  Its just a business decision.  Besides, its what Jamie would do.

 

Uncle Spam, are you watching this?

Fri, 05/18/2012 - 21:22 | 2442549 Alexandros
Alexandros's picture

 

The end of the world is near.
The ten plagues of Pharaoh “have been brought upon” the USA.
http://eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html

 

Fri, 05/18/2012 - 21:47 | 2442599 The Gooch
The Gooch's picture

Wesley Willis whooped the Pharoahs ass.

Spiderman, too - http://www.youtube.com/watch?v=BFjuPbCShBw&feature=related

Fri, 05/18/2012 - 21:27 | 2442555 All Out Of Bubblegum
All Out Of Bubblegum's picture

 

Here's some old truth that needs some telling: “Very pleased we have entered into relations again with American Government” -Rothschilds, 1878

 

Fri, 05/18/2012 - 21:31 | 2442561 The Gooch
The Gooch's picture

Here's some truth motherfuckers.

G-8, NATO and Bilderberg all in the states over the next two weeks.

Shits about to get really real.

"word up" - O

Fri, 05/18/2012 - 21:34 | 2442568 Yen Cross
Yen Cross's picture

 You forgot the " Bohemian Grove"!

Fri, 05/18/2012 - 21:38 | 2442576 All Out Of Bubblegum
All Out Of Bubblegum's picture

I fully expect a terrorist attack promulagted by those bastards and blamed on some group of retarded Americans run by the FBI. One third of Americans will believe everything as told to them by their Masters of Loving Grace.

Fri, 05/18/2012 - 22:14 | 2442659 RiverRoad
RiverRoad's picture

How they love those "get togethers":  cushy beds and good eats does it everytime.

Fri, 05/18/2012 - 21:37 | 2442574 besnook
besnook's picture

obambam had control of hope from 11/08-1/20/09.

i think .gov is looking for a way to regain control over hope with this piece of legislation http://www.buzzfeed.com/mhastings/congressmen-seek-to-lift-propaganda-ban

Fri, 05/18/2012 - 21:43 | 2442587 The Gooch
The Gooch's picture

Does this legislation mean there will be "transparency" of Anderson Cooper's checks from the White House?

 

Fri, 05/18/2012 - 21:39 | 2442579 gnomon
gnomon's picture

The debt will not be paid by future taxes and spending cutbacks.  The debt will be washed away by a rising tide of blood, never to be seen again.

That is the good news.  And the good news is the bad news.

Fri, 05/18/2012 - 21:45 | 2442594 Yen Cross
Yen Cross's picture

 Try lighting a fire in Indonesia! I can start a fire with a whip & leather! The European Union is intact!

  The European Union is broken though. I'll never be a poilitician.

Fri, 05/18/2012 - 21:46 | 2442596 dougngen
dougngen's picture

Sometimes I wonder if the sheeple do see what is going on; and sometimes, like when I'm in traffic I wonder.... Are most people really stupid? Is it a small percentage of us that are really aware, and keep the race going?

Who is really better off, those that see the cliff, or the blissfully unaware?

Fri, 05/18/2012 - 22:30 | 2442678 Cabreado
Cabreado's picture

+1... for being genuinely human

Sat, 05/19/2012 - 02:12 | 2442861 Things that go bump
Things that go bump's picture

When I was a kid I used to think people were putting me on.  As I grew older I discovered that no, they really are that stupid.

Sat, 05/19/2012 - 07:41 | 2442983 groundedkiwi
groundedkiwi's picture

speaking as an oldie. my late father said, never worry, worry, until worry worries you. There are many silent people, and some without empathy call them sheeple, but at the end of the day its only when the "sheeple" get really pissed off, that change will happen. 

Fri, 05/18/2012 - 22:15 | 2442625 BlackholeDivestment
BlackholeDivestment's picture

...after reading the last line, I got a flashback of another stroy I read, hours before reading this one, and now all I can see is Paul Mooney making prediction. Lol. http://www.eutimes.net/2012/05/top-obama-aide-warns-russia-end-of-world-near/ 

What's todays date? Spoooky. http://www.youtube.com/watch?v=qa89bt0GZvQ 

Cough http://singularityhub.com/2012/05/16/scientists-make-bird-flu-transmissible-between-humans-then-tell-world-how-to-do-it/ 

...quick, call 911 666 2012 http://www.israelnationalnews.com/News/News.aspx/155903#.T7cBW-tI-a0  

remember FDCI

 

,

Fri, 05/18/2012 - 22:06 | 2442639 mjk0259
mjk0259's picture

How long is a while? US is still borrowing at less than even the government estimated inflation rates. Seemed crazy 3 years ago but it continues...

Fri, 05/18/2012 - 22:07 | 2442642 Atomizer
Atomizer's picture

 

 

Hello ZHer's. Let me tell you my experience with Fuckface today. 

  • Placed order for $38/share @ 8:47 AM EST
  • Twiddled thumbs until trading commenced
  • Waited until my order took effect @ 11:53 AM EST
  • Watched my account climb to $515 profit
  • Ignored my inner voice telling me to hit the sell button
  • Called my better half to share good news
  • Carried on with other responsibilities in my life
  • Arrived home for a late lunch @ 3:00 PM. Began eating
  • Turned on CNBS and saw the stock was dropping like a lead balloon [39ish]
  • Dashed to the computer room, fired up the core i7
  • Logged in and hit the sell button at about 3:38 PM EST
  • My total losses were only 18 dollars in fees
  • I count myself lucky, yet very stupid for not hitting the button sooner 

Honesty is my policy. Told you I was planning to buy. You now know my outcome

Sat, 05/19/2012 - 08:01 | 2443002 Frozen IcQb
Frozen IcQb's picture

Honesty is commendable but why did you buy?

 Aren’t those reasons still valid at $38?

Sat, 05/19/2012 - 08:37 | 2443023 Atomizer
Atomizer's picture

My goal was to sell at $45/share. It never returned to that level.

Sat, 05/19/2012 - 09:55 | 2443085 Frozen IcQb
Frozen IcQb's picture

May I suggest you use a "trailing stop" if you intend to leave your trading station.

Sat, 05/19/2012 - 11:29 | 2443206 Atomizer
Atomizer's picture

Thank you. Casino trading is not my jig. PM coins/bars are my forte.

Fri, 05/18/2012 - 22:09 | 2442646 AC_Doctor
AC_Doctor's picture

Hope none of you got Facellacioed...

Fri, 05/18/2012 - 23:16 | 2442735 El Hosel
El Hosel's picture

We are all getting Facefucked daily by the machine,  few even notice...apparently.

Fri, 05/18/2012 - 23:14 | 2442734 goforgin
goforgin's picture

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.

Who the fuck wrote this, the Koch brothers! Of course debt should be obliterated you gnat. Yes, the truth does come out.

Fri, 05/18/2012 - 23:16 | 2442737 Yen Cross
Yen Cross's picture

 I'm  " PURGED"! Try this on for size Œ?ŒŒ !

Fri, 05/18/2012 - 23:20 | 2442743 Yen Cross
Yen Cross's picture

Facebook ‰ /

Fri, 05/18/2012 - 23:40 | 2442768 walküre
walküre's picture

Man, you're speaking my language. That right there is exactly what I'm talking about when I write about RESET and JUBILEE.

The train hit a concrete wall that can neiter be penetrated nor overcome.

It is time to rethink capitalism and the reward system.

Fuckface Zuckbaby is worth 18 billion American Dollars. Really? What the fuck did he do to deserve that much wealth when thousands of Americans are struggling to pay for their groceries. IT MAKES NO SENSE.

Pay a man and a woman a decent wage and according to their abilities and talents. Fucking around with minimum wage jobs is bullshit when there's so much wealth among a group of few who don't seem to get the fact that THEY are at the top, THEY are the problem and WE cannot afford to support their ponzi anylonger.

THEY DONE IT TO THEMSELVES.

Fri, 05/18/2012 - 23:40 | 2442770 Citizen Ken
Citizen Ken's picture

"whose existence has been predicated by borrowing from the uncreated wealth of the future"

I am sooo glad to hear someone else say this. I always get blank stares when I note this as a problematic economic issue.

Of course, as things stand the only way to pull ourselves out of the mess in which we find ourselves is to create new value over-and-above, and separate from, all of the future value that has already been pulled into the present and cashed out.

I don't see a whole lot of that new value being created, though, and I'm having an increasingly harder time buying into the notion that the remaining bits of the economic engine are able to even service the existing obligations.  The space industry is the only one I can think of where we still really have a clear competitive advantage with high barriers to entry, and TPTB seem to be doing their best to strangle it in the cradle.

When I was cashing out my 401K after my recent layoff (it was a semi-annual process; I survived 17 but got culled on the 18th round) I noted to the call center rep at Fidelity that the best investment I can find right now is in myself.

Sun, 05/20/2012 - 07:13 | 2442989 Frozen IcQb
Frozen IcQb's picture

On competitive advantage: Good observation.

The question no one is asking is:

What can we make that Asia will buy?

Sadly, this question can only be answered once our student’s math and science skills (k~12) reach and exceeds Asian parity.

Fri, 05/18/2012 - 23:45 | 2442780 blindman
blindman's picture

SP 500 and NDX Futures Daily Charts - Facebook Face Plant
The Commencement Address That Won’t Be Given
By Robert Reich
Friday, May 18, 2012
Members of the Class of 2012,
As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today.
You’re f*cked...
Read the rest here.
http://jessescrossroadscafe.blogspot.com/2012/05/bill-moyers-interviews-...
18 May 2012
Bill Moyers Interviews Simon Johnson on JP Morgan Chase and the Next Financial Crisis
"Financial institutions such as JPMorgan love to buy derivatives because they are opaque, create fictional income that leads to real bonuses and when (not if) they suffer losses so large that they would cause the bank to fail, they will be bailed out."

William K. Black
.
Scary Medical Story of the Day
http://www.allenschool.edu/blog-online/scary-medical-story-of-the-day/1450/

Sat, 05/19/2012 - 01:26 | 2442838 ebworthen
ebworthen's picture

Global central bank inflated ponzy economies with no way out.

Questons?

Sat, 05/19/2012 - 01:35 | 2442843 Setarcos
Setarcos's picture

OK I expect a back-lash for what I want to have some digs at; but I might pre-empt some mockings/whatever by beginning with my impression that "it's all over, bar the shouting"; that too many "cans have been kicked down the road" of current global civilization for too long, with the most lethal "can" being the nuclear one I think.

In that case, for example Fukushima, all of our disputes, claims to have answers - or to know important questions - cease having any importance.  But I might as well get some of my irritations out in the open.

For starters, but at the end of the essay, " 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."

Sorry but there is no "central planning".  Nothing resembles the old Soviet, Five Year Plans of attempting to reach targets of agricultural and industrial production, etc..  These often failed, but at least the focus was on the real economy, whereas now, especially in the "West", the focus is on derivatives of real products, which may or may not be being produced.  The era of Mercantilism gave way to the era of Capitalism (neither being as 'pure' as theories) and now we have Financialism and nothing whatsoever is planned, except for the latest bet in the "banking casino" ... MFG, JPM?

It irritates me that commentators about the unholy alliance between Wall Street, the TBTFs and Washington call all this "socialism" and sometimes say that Obomber is a "Marxist".  Total bullshit.

I was a youthful, idealistic Marxist, then moderate socialist and lastly rather impressed by J M Keynes (I'll come to him) and especially J K Galbraith, but now I think all I once got attracted to was "kicking the can down the road" because, in brief, NO civilization and/or empire ever lasted.  All have failed, regardless of religiosity/ideology as an abstract, faux justification for whatever went on.

The fundamental religious/ideological dogma for ALL competing factions in this latest form of civilization (literally "living in cities" vs small communities) has been the belief that endless growth is possible, regardless of social destruction.

Keynes was a rare economist.  He had a social conscience and NEVER advocated unfettered deficit spending/an exponential growth of debt.

It really irritates me that so many misrepresent him, including neo-Keynesians like Krugman.

Bottom line is that I, and everyone I know of, implicity imagined that our world could go on forever.

I grew up during the 40s, 50s and 60s, so I 'naturally progressed' from walking/catching public transport, to a pedal cycle, to a motorcycle, to having a washing machine and even owning my own house once.

I feel sorry for younger people who will never "experience the dream" of material acquisition, but I cannot feel sorry for those who stir conflict by putting out false information, e.g. "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."

True that 'they' cannot control hope, but false that there are "central planners", unless this might be an oblique reference to the PNAC, which has deliberately planned chaos throughout the ME and Africa, e.g. Libya, Syria and Iran ... but to disuss that would require another thread/long discourse.

If you really want a more or less accurate word to designate circumstances today, then it is "fascism" ... the obscene melding of government, corporate and military interests; the obliteration of difference between public and private interests.

 

 

Sat, 05/19/2012 - 09:42 | 2443080 Catullus
Catullus's picture

Have you ever read Keynes?  The reason Krugman and the Keynesians "misconstrue" Keynes' writings is because they're so poorly written.  The same is true with Adam Smith.  Giant tomes that contradict themselves from chapter to chapter and even sentence to sentence.  Making sense of Keynes is an intellectual accomplishment in itself. British newspapers ridiculed him constantly for his inconsistencies throughout the early 1930s. 

And if the man had a conscience, it was for himself and the small cadre of elites in British academia.  He hated savings.  He joined small "societies" of academics through Cambridge and the LSE that referred to others not in their societies as "phenomena". And to that arrogance, thought that their protectionist, neo-mercantilist musings were somehow original. 

Especially damning was Keynes' praise for the fascist Mussolini government. Keynesianism is the economics of fascism.

And for the record, Keynes did advocate for unfettered deficit spending and exponential growth of debt.  There was never an inkling of building up any reserve of capital in the good times.  He wrote that it was this savings that caused the crash.  That these resources were "idle". There are many that claim this "counter-cyclical" government spending garbage with Keynes.  This is not the thrust of his theory.  And you might find a quotation written by Keynes about it, but see above -- it's just another internal contradiction. 

And he wrote in The General Theory that the central bank should lower interest rates to 0% and keep it there to discourage people from saving.  

Sat, 05/19/2012 - 16:37 | 2443704 matrix2012
matrix2012's picture

 

@ Catullus,

interesting, first time i read such opinion about Keynes. If they're all accurate, then no wonder why the current economic system are so damned!

 

Following is a notable historian of modern times, CARROLL QUIGLEY. Perhaps it's helpful to read his book at below in order to comprehend the messes in this world.

TRAGEDY AND HOPE: A HISTORY OF THE WORLD IN OUR TIME (1966) by CARROLL QUIGLEY.

A book about the comprehensive history of the 19th & 20th centuries.

It comprises of volumes 1-8, divided into 20 sections of 77 chapters.

The Part Seven covers Finance, Commercial and Business Activity: 1897-1947

Chapter 19: Reflation and Inflation, 1897-1925

Chapter 20: The Period of Stabilization, 1922-1930

Chapter 21: The Period of Deflation, 1927-1936

Chapter 22: Reflation and Inflation, 1933-1947

Grab it here: http://bit.ly/xo9I7S (pdf, 5.42 mb).

Somehow one of the most revealing books ever published slipped through the editorial of offices of one of the major publishing houses in New York and found it way into the bookstores of America in 1966.

Professor Quigley was an extraordinarily gifted historian and geo-political analyst. The insights and information contained in his massive study open the door to a true understanding of world history in the 19th and 20th centuries. It is a work of exceptional scholarship and is truly a classic. The author should have received a Nobel Prize for his work.

In 1961 Carroll Quigley published “The Evolution of Civilizations”. It was derived from a course he taught on world history at Georgetown University. “Quigley coupled enormous capacity for work with a peculiarly “scientific” approach. He believed that it should be possible to examine the data and draw conclusions. As a boy at the Boston Latin School, his academic interests were mathematics, physics, and chemistry. Yet during his senior year he was also associate editor of the Register, the oldest high school paper in the country. His articles were singled out for national awards by a national committee headed by George Gallup.

At Harvard, biochemistry was to be his major. But Harvard, expressing then a belief regarding a well-rounded education to which it has now returned, required a core curriculum including a course in the humanities. Quigley chose a history course, “Europe Since the Fall of Rome.” Always a contrary man, he was graded at the top of his class in physics and calculus and drew a C in the history course. But the development of ideas began to assert its fascination for him, so he elected to major in history. He graduated magna cum laude as the top history student in his class. [Introduction: Michael L. Chadwick]

However, if one is facing some difficulty to digest the Quigley alone, try to get this one for the companion guideline too (torrent it: “The Naked Capitalist ocr’d.pdf”, 15,907,456 bytes or just search its hash: d3ea71bf9bf0f52b4b118c96ce082e32c6bd7e3a ):

The Naked Capitalist (1970) by W. Cleon Skousen.

In author’s own words: “A Review and Commentary on Dr. Carroll Quigley’s (1966) Book: Tragedy and Hope—A History of the World In Our Time.

Also on Scribd: http://www.scribd.com/doc/62479402/W-Cleon-Skousen-The-Naked-Capitalist-....

 

Sat, 05/19/2012 - 18:38 | 2443843 Escapeclaws
Escapeclaws's picture

Yeah, that mirror site is pretty fascinating. And the scribd site had a great article on the Polaroid SX 70 camera. Thanks.

Sat, 05/19/2012 - 21:54 | 2444100 matrix2012
matrix2012's picture

@ Escapeclaws, yup the scribd link is gone. Here's a handy one :)

THE NAKED CAPITALIST (1970) by W. Cleon Skousen

Former F?I Agent W. Cleon Skousen’s book THE NAKED CAPITALIST first published in 1970 is described by the author as: “A Review and Commentary on Dr. Carroll Quigley’s (1966) Book: Tragedy and Hope—A History of the World In Our Time.

Dr. Carroll Quigley of Harvard, Princeton and Georgetown Universities was associated with many of the richest families involved in The New World Order. Quigley regarded himself as an “insider,” and he claimed he had access to the secret sensitive files of those dynastic super-rich families.

Skousen’s book is highly recommended. The Naked Capitalist should be required reading for every high school student in order to gain an understanding of politics in the United States and our history, especially the history of war in the earlier part of the last century.

In approximately 130 short pages, Skousen renders a poignant summary and critique of Quigley’s epic (1348 pages!) “celebration” and “admiration” documenting the story of those individuals and foundations hell bent on bringing The New World Order to full fruition! The “tragedy” is represented by those who get in the way of those bringing forth this “new age” of illustrious peace, but those bringing forward The New World Order are the “hope” of the world.

Quigley’s book provides indisputable evidence of the grand “conspiracy.” Although he conceded he was not always in agreement with their methods, Quigley himself was not averse to the emerging New World Order.

Quigley’s purpose in writing such an epic tome was in support of those who are fast becoming our masters. Moreover, Quigley fully supported and applauded their efforts! Quigley wanted those individuals & foundations to receive the acknowledgement he felt they were due.

Skousen’s brief book is well written, professionally researched and organized with many credible references. It is well-documented and is a fairly easy read. In comparison and contrast, Hope & Tragedy is rather poorly written, and Quigley’s twisted liberal logic makes it a most difficult read.

Folks who may be inclined to seek out the original to affirm for themselves the reality of The New World Order conspiracy need to know:

Only 2,000 of the FIRST EDITION Macmillan Company editions were published. Original copies are not merely scarce but expensive. Notwithstanding, should one be able to afford a copy of this body of evidence, it is a proof beyond a shadow of a doubt that such a conspiracy exists and has been operative for a long period of time. Subsequent editions are LESS RELIABLE as the names of certain individuals & foundations were OMITTED because of their fear of public exposure.

Skousen’s book is highly recommended because it helps one understand the more salient issues Quigley has documented and puts Quigley’s monstrosity in perspective. Skousen helps the reader to comprehend what Quigley has written and discern Quigley’s biases.

Grab it here

(15,907,456 bytes, md5: b4dd8125454cc791474035fa6bdb33d4 with searchable text)

 

Sat, 05/19/2012 - 23:35 | 2444362 Setarcos
Setarcos's picture

Not having a go at you Matrix, but anyone can point anyone towards any text; which won't be read.

I can point you towards J K Galbraiths'  "Affluent Society" but you won't read it. (But maybe you did, at some stage.)

If you really want to know what is going on, then read Platos "Republic", because nothing has essentially changed for 2500 years, but you won't read it will you ... though it is FAR more to the point than anything modern.

Sat, 05/19/2012 - 23:19 | 2444331 Setarcos
Setarcos's picture

Yes I have read Keynes, but that was decades ago.

Cite me any 'gospel', ideological tract, etc. that does not have contradictions ... people take what they want that suits them.  You and I are no different from anyone else, in picking bits out of tracts; but I will sorta defend myself, because I know that Keynes was inconsistent and I was only pointing out a side to him that most ignore.

I can and have pointed out contradictions in the reported contradictions in what Jesus is supposed to have said - well do the poor come out on top, or is it the vinyard workers who make a profit for their owner?

Every ideological text is riddled with contradictions ... the Bible, the Koran, Marxist tracts and, shock-horror, even those of the Austrian School.

Bottom line is that when it comes to "meaning of life" types of assertions/doctrines/ideologies, NO FUCKER really has a clue.

It is no accident that my nick is spelled Socrates backwards.

That man - nearly 2500 years ago - was doing much as I am now (not that I compare with him, because he was the original "gad fly" who challenged every belief system).

Neither am I his disciple, though I find myself agreeing with his central tenets:

"Know Thyself" ... not least that I/you are ignorant about anything 'ultimate' about existence.

"The unexamined life is not worth living."  Question your own beliefs, for instance.

"To thine own self be true."  That is a very knotty one that I've been working on for all of my life.

Sat, 05/19/2012 - 03:20 | 2442881 capitallosses
capitallosses's picture

Why so glum on a Friday night? Intaglio bitchez!

Sat, 05/19/2012 - 03:46 | 2442896 TWSceptic
TWSceptic's picture

Sure the first day is a flop, but don't get your hopes up too much yet, the sheeple always follow eventually.

Sat, 05/19/2012 - 06:12 | 2442942 justsayin2u
justsayin2u's picture

Debt doesn't matter - as long as you can print your own money.  According to our MMTers and politicians and central bankers we should be running much higher deficits.  I expect a move towards increased defecit spending very soon to add at least 4% to GDP.  Another 800 billion in stimulous each year for the next 4 years should help.  And then we just roll that debt at 0% interest forever with bennie buying the new issuance.  What could possibly go wrong?

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