Yesterday I had a long conversation with a guy here in Denver who is a local businessman and who knows as much if not more than most GATA followers about just how bad things are with our system - the corruption, fraud, wealth stealing, market manipulation, the inexorable systemic debt and derivatives accumulation, ransacked industrial/economic foundation etc. He's about as pessimistic as me and he is extremely well-read/researched. His neighbor is a retired General with deep ties into the Pentagon. A few weeks ago the businessman asked the General, "how bad is it, really (the problems with our system)?" The General replied, "it's worse than you think." It also sounds like this General thinks that they can't keep the system going much past 2015.
This fits with many other former Establishment insiders from the 1970's and 1980's are now coming and discussing openly. Guys like Paul Craig Roberts and David Stockman.
The attorney who helped me with the CME/Comex analysis and I were chatting about the above comment and other topics last night. To summarize our discussion, he sent this quote about our system which is just too profound to not share in its full, unedited form:
Our government is far more illegitimate than King George's was in early 1776. Revolution is the only way out. Unfortunately America is addicted to TV, which causes brain rot and leads to any number of other debilitating physical maladies.It would have ruined the full effect and spirit of what my friend expressed if I had edited that last part and I second every thing he puts forth in that comment. Buona sera a tutti - enjoy what you what you can, as much as you can, while you still can...
In fact, our country is no longer sovereign, having been taken over by a global criminal cartel, who rules by fiat (notwithstanding the ludicrous pretense of a republic).
Obama's entire 2nd term is purely about securing the consent of the governed - not difficult when 99% of the population is brain dead. That is, while Obama (1st term) and Bush were all about tearing up the Constitution, Obama's 2nd term mission is to destroy the Declaration of Independence, which provides the legal predicate (sovereignty; consent) on which the Constitution rests.
Meanwhile, dumbf#ck Americans are glued to the red-blue pro wrestling show of conservative-liberal, etc. As a nation, we deserve the monster c@ck that's being shoved up our ass, sans lube
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I stopped watching TV a long time ago. My pastime now is watching Redtube and Youporn. If CNBC should offer similar programmes in the future featuring Amanda Drury, I would start watching TV again.
ReplyDeleteBy and by, did your general friend mention why Obama was purging the army. A couple of generals and commanders have been sacked by Obummer.
ROFLMAO
DeleteOh I'm sure they've chatted about the military purging.
My lawyer buddy thinks the only hope is that there will be some sort of coup of the Government led by the military personnel, including Generals, who are horrified by America's military policies.
Dave there was a coup of that sort, almost exactly 50 years ago.
DeleteAs we watch this slow motion train wreck happening right under our noses, my only question is:
ReplyDelete"Why haven't our miltary leaders stepped up to the plate and taken back our country under the options provided by our Constittion?"
General Smedley Butler once said that "War is a racket"; let's stop fighting wars overseas which only benefit the banking/political elite. Let's start defending the Constitution as all military personnel have sworn to uphold.
Dave
ReplyDeleteYou've long since shown that you give insightful economical/financial commentary & analysis. However what really props you head & shoulders above others is flat out admitting that a corrupt mafia-like financial cartel exists and has long since co opted government.
So many can't bring themselves to admit it publicly. How can one have any respect for those who refuse to acknowledge the elephant in the room.
Thanks for the feedback and I agree on your point
DeleteBurn it, and let the beheading begin. Millions of gun owners in this Country and here we sit lubing the c@ck that f@ks us ever so gently.
ReplyDeleteThe militarization of our local police forces is not an accident,and has nothing to do with your safety or the safety of your children, this is a planning stage look around its easy to see, every small incident these days requires Swat, DHS, State and Local Cops all gathered in a show of force and televised to create a mirage of safety and we're here for you.
Gather on the train one and all we will feed you and protect you and take you to the promise land.
History repeats.
Drool-enrusted TV watchers will argue over nitwit cue card readers like O'Reilly and Maddow all the way to the ovens. Go Team!
ReplyDeleteIn reality, the false left-right divide is being used to exterminate everyone but the global elite (and its fluffers and toilet scrubbers) as national sovereignty is destroyed in the bright light of day. Golem XIV has an outstanding post that describes what's really going on in these surreal times:
http://www.golemxiv.co.uk/2013/11/the-new-world-order-part-1-the-destruction-of-the-nation
He takes a few choice swipes at the endless parade of fools in love with their pet political theories as well.
Blame Rich, Overeducated Elites as Our Society Frays
ReplyDeleteComplex human societies, including our own, are fragile. They are held together by an invisible web of mutual trust and social cooperation. This web can fray easily, resulting in a wave of political instability, internal conflict and, sometimes, outright social collapse.
Analysis of past societies shows that these destabilizing historical trends develop slowly, last many decades, and are slow to subside. The Roman Empire, Imperial China and medieval and early-modern England and France suffered such cycles, to cite a few examples. In the U.S., the last long period of instability began in the 1850s and lasted through the Gilded Age and the “violent 1910s.”
We now see the same forces in the contemporary U.S. Of about 30 detailed indicators I developed for tracing these historical cycles (reflecting popular well-being, inequality, social cooperation and its inverse, polarization and conflict), almost all have been moving in the wrong direction in the last three decades.
The roots of the current American predicament go back to the 1970s, when wages of workers stopped keeping pace with their productivity. The two curves diverged: Productivity continued to rise, as wages stagnated. The “great divergence” between the fortunes of the top 1 percent and the other 99 percent is much discussed, yet its implications for long-term political disorder are underappreciated. Battles such as the recent government shutdown are only one manifestation of what is likely to be a decade-long period.
http://www.bloomberg.com/news/2013-11-20/blame-rich-overeducated-elites-as-our-society-frays.html
Looks like the Houston area real estate market is finally starting to turn. It's taken longer than I anticipated, but the fundamentals are finally catching up with our mini housing bubble in the Bayou City. I've added a few new pages and one beautiful chart to explain why our housing markets are one giant manipulated mess.
ReplyDeletehttp://aaronlayman.com/2013/11/katy-houston-tx-housing-bubbles-no-longer-a-question-of-fact/
Good color - thanks
Deletemon·e·tize
ReplyDeletePublished on Nov 18, 2013
mon-e-tize = to take an illiquid asset, change its form, and make it liquid. John Law (and Later the British) changed French sovereign debt denominated in gold and through a monetization platform (new world trading companies) to socialize losses via stock issuance. The same thing is being done now via the monetization of US debt via ZIRP and quantitative easing. Losses are being socialized via general asset price increases.
http://www.youtube.com/watch?v=eZw3w_rd6xQ&feature=share&list=UUugsH0a5pKF7q9qck2CxTAQ
2014, Forecast - Eye of the Storm - by Warren Pollock
ReplyDeletePublished on Nov 19, 2013
Totalitarian regime embeds itself in failure. 2014 will be a calm year, because we will continue to be in the eye of the storm, with the next wave approaching in late 2015. Healthcare and finance are of outsized in terms of the total economy; I sense the layoffs coming within the next year. The idea of credential creep has worked its way into an economy that has become dominated by bailouts. Wall Street is going to start to consolidate in 2014 as there is no granularity between good and bad. There will be compressions in the margins of finance that will be covered by layoffs and salary cuts. Walmart will hold up by shifting to groceries in a last ditch effort to maintain a meager continuance. In 2014 the oligarchs will push inflation into non-core items and these companies will drive themselves out of business. The government is going to pass some "very wacky regulations" aimed squarely on small and medium businesses. The government will work very hard to distort a failed economy. The lower and middle class will stew in a pressure cooker. Virtual games will dominate the lower earnings consciousness. Get your map out, the middle of the large continent will be in total play during 2014. China goes West and Russia goes East.
http://www.youtube.com/watch?v=F8ZyVo9wGyQ&feature=share&list=UUugsH0a5pKF7q9qck2CxTAQ
Poverty Is America’s “Only Growth Sector”: Howard Davidowitz
ReplyDeleteThe government reported Wednesday that retail spending in October rose a better-than-expected 0.4%, with gains at retailers including clothing, furniture, electronics and sporting-goods stores. The news prompted JPMorgan (JPM) to declare in a recent client note that “October is a good start for 4Q consumer spending.” But for Howard Davidowitz, a longtime retail analyst and chairman of Davidowitz & Associates, a consulting and banking firm, the retail sector looks bleak.
“This economy is in trouble,” he says in an interview with The Daily Ticker. “The middle class is crushed. The only growth area in this economy is poverty.”
Davidowitz argues that the low-wage, part-time jobs that have been created in the U.S. over the past few years have done little to boost economic growth and individuals’ personal welfare. Even the stores that cater to the middle- and lower-income classes – such as Walmart – are trimming profit forecasts because of a “challenging” retail environment.
http://finance.yahoo.com/blogs/daily-ticker/poverty-america-only-growth-sector-howard-davidowitz-163751716.html?
I wouldn't look to the military for help. Big military is just big government with weapons. As generally uninformed as the dumb-masses are why would anybody expect the military to be different. They will do their masters bidding.
ReplyDelete