[Cid_Yama]

Former Federal Reserve Chairman, Greenspan: 'We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power' - February 15, 2005

It is very common among 'sound money' believers to entertain some kind of fascination with Greenspan who spoke out against 'irrational exuberance and 'infectious greed' at the end of the dotcom cycle as he now warns that ' the Fed is not a magic piggy bank'. For them, Greenspan will always be remembered as the engineer who has unleashed the Horsemen, calling for America's demise and the world by extension. The Maestro and his cheerleaders from around the planet should be very happy that the 'guillotine' has become an historical relic, because what is happening is, without a doubt, reminiscent of the events that led to the devastating hyperinflation and the bloody French Revolution.

Loose monetary policy and decades of faulty interest rates are the absolute main culprits. When interest rates fail to control the amount of debts, the opposite happens: it then increases the burden of debt inexorably. Just like printing too much money inflates prices while provoking currency devaluation. More money is then needed to purchase the same goods and services. This is an insidious process that corrupts many minds, from the top down. The top takes advantage of the bottom. And that is why the gap between the rich and the poor worsens, and the middle-class ends up being destroyed. As the above quote by The Maestro stipulates, the FDIC won't be able to do a thing when the USD will become peanuts -- eventually.

While it remains to be seen as to whether chaos and unrest will be witnessed, revolutions also tell us that nothing has changed under the sun and this alone should question us very deeply. Instead of resorting to violence how about starting to put faith in the idea that our neighbors are smart enough to grasp ECON 101, because if we don't, things are only going to become a lot uglier before they get better...

To start with, the TV broadcasts have once again done everything they could to hide a backdoor giga-bailout orchestrated by the Fed to keep the economy lubricated: the banks have borrowed a record $437.5 billion per day from Fed, Reuters attested candidly as of October 16. Let's also mention that the Fed announced a few day before that it would to provide broad access to unlimited borrowing. So what happens when one has to borrow $100 to honor $100 loan?

So, you can imagine where the irresponsible actions of the monetary elites are going to lead us, can't you? But this is nothing surprising from Helicopter Bernanke who has fervently pursued Greenspan' s task aimed at eradicating the cash-strapped middle-class in favor of foreign banks holding too many dollars, and which they were about to dump if anything was done. Ellen Brown, who monitors the situation closely, sums it up like this: FMae and FMac, along with AIG had to be bailed out to prevent the 1 quadrillion dollar derivatives from detonating - temporarily.

Furthermore and astonishingly, this also means that these $700B dollars were just a part of a political sponsored media circus to create a diversion.

Our government and its owners appear to be testing how much the American public will tolerate. A few years ago, no one could have imagined that the silent majority would quietly accept thefts of this magnitude from a government that stopped tiny payments to single mothers with poor children in the name of welfare reform because the program's $10 billion cost was breaking the federal budget. This isn't socialism, it's fascism. -- Sean Olender, sfgate.com

link

[the48thronin]

when a 7$ an hour worker goes into the grocery store and sees $14 loaves of bread......... on nothing for sale.


Maybe.

[ReverseEngineer]

I see Dead People.

Reverse Engineer

[americandream]

A few years ago, no one could have imagined that the silent majority would quietly accept thefts of this magnitude from a government that stopped tiny payments to single mothers with poor children in the name of welfare reform because the program's $10 billion cost was breaking the federal budget. This isn't socialism, it's fascism. -- Sean Olender, sfgate.com

link

Remarkable. We deny children a safety net and yet turn a blind eye to these morons demands for the taxes of generations to come. What the hell have they done to us.

[Cid_Yama]

The price of beer is rising and that means Joe Sixpack is sobering up and finding he's been ripped off.

One thing about Joe Sixpack, he's always had a facination with guns and relishes any opportunity to get them out.

[americandream]

The price of beer is rising and that means Joe Sixpack is sobering up and finding he's been ripped off.

One thing about Joe Sixpack, he's always had a facination with guns and relishes any opportunity to get them out.

Lets hope he deals to his tormentors this time and not the neighbours lame dog.

[Cid_Yama]

Mobs are always ugly and nobody is safe around one. Stay clear if you're wise.

You won't get thoughtful action from the masses. You will get riots and burning and lots of death.

Also, because of all the video games, you will get a whole lot with scoped rifles looking to bag themselves a "rich dude".

I can't believe some video game maker hasn't already come out with "Wall Street Safari".

[Snowrunner]

Remarkable. We deny children a safety net and yet turn a blind eye to these morons demands for the taxes of generations to come. What the hell have they done to us.

We've done it to ourselves.

[emeraldg40]

[quote="Cid_Yama"]The price of beer is rising and that means Joe Sixpack is sobering up and finding he's been ripped off.

One thing about Joe Sixpack, he's always had a facination with guns and relishes any opportunity to get them out.[/quote


J6P dosnt give a rats a@@ about Wall Street. Hes busy hacking his sattelite receiver so he dosnt have to pay for HBO and pay per view for fight night. Country boyz will survive.

[ReverseEngineer]

Also, because of all the video games, you will get a whole lot with scoped rifles looking to bag themselves a "rich dude".

2 Points! As I mentioned, being rich makes you an easy target. A good prep here would be getting as poor as you can as fast as you can

Reverse Engineer

[Cid_Yama]

We also haven't heard much lately about people "going postal", but I would expect to see a lot of that in the near future.

[vtsnowedin]

I don't know about that quadrillion dollars? Sounds like another big number picked only to get peoples attention.

As to will this get bloody?
Sadly the answer is Yes.
The question is where. Perhaps Taiwan. A few riots there as their market collapses and the mainland might try to move in to "Restore order". Or perhaps Cambodia and Vietnam will become a prize for China and India to fight over for the rice bowl of the Mekong delta. Both countries would use the war to pump their economies back up and they both need the increased food production capacity.

Perhaps someone will try some action against the US while we have a new administration settling in this winter hoping to catch somone asleep at the switch. I dont see a winning strategy there but I'd bet that more than one of our enemys is trying long and hard to come up with one.

[Cid_Yama]

I just thought of a great title for a video game. "Deliverence II: Hunt in the Hamptons". That movie scared the crap out of the well-to-do back when it came out.

[americandream]

I just thought of a great title for a video game. "Deliverence II: Hunt in the Hamptons". That movie scared the crap out of the well-to-do back when it came out.

Hahahaha. Now that I call original.

[ReverseEngineer]

We also haven't heard much lately about people "going postal", but I would expect to see a lot of that in the near future.

Well there was that Japanese guy around 6 months ago who went Postal with his car and a Butcher Knife in a Tokyo shopping district, and then there were the recent College Postal events.

With as many people out there as there are with Guns, with as many people as there are right now sinking into desperate hopelessness, as long as the MSM actually reports on it I think you can about guarantee somebody opening fire in some Mall or some Conveniance Store or some Bank somewhere on a nightly basis.

Followed in fair short order I would imagine by a Government order to seize all guns. Will J6P peacefully hand over his guns to the local Sherriff? Will there be a Gunfight at the McMansion Corral? Will J6P and the Local Sherriff team up and go Hunting for Rich Boys? Will the Militia meet up with the Military, Tanks against the SUVs and Squad Cars? Will the Boys and Girls of our Military follow their orders and turn fire on their brothers and sisters? Or will they turn around and blow to Kingdom Come those who Give them such orders?

Coming soon to a Theatre near you.

Reverse Engineer

[Cid_Yama]

I guarantee they will not be able to round up the guns in the US.

They will start by trying to force you to register that you have them with your local law enforcement, that will go over like a lead balloon, as the NRA will start screaming from the rooftops.
Such a law would be ignored on the most part, and everyone will be running around quoting Charlton Heston, "I'll give you my gun when you take it from my cold, dead hands!"

[dohboi]

"I don't know about that quadrillion dollars"

Try this

Don't question El Cid's figures without doing your own research. The whole area of derivatives is quite shadowy, but 1.14 quadrillion is not just some WAG.

[dohboi]

Cid wrote: "the idea that our neighbors are smart enough to grasp ECON 101"

ECON 101 is 3/4 of the whole problem to begin with, of course. This is the irony. We need to understand the devils logic to see what kind of crap we're in, but the devil's logic seduces on to see things the way the devil sees things--price of everything, the value of nothing...

[ReverseEngineer]

Cid wrote: "the idea that our neighbors are smart enough to grasp ECON 101"

ECON 101 is 3/4 of the whole problem to begin with, of course. This is the irony. We need to understand the devils logic to see what kind of crap we're in, but the devil's logic seduces on to see things the way the devil sees things--price of everything, the value of nothing...

The trick of course here is to be Smarter than the Devil Beat him at his own game, so to speak. You know what happenned when the Devil Came Down to Georgia, don't you?

"Now you play a pretty good fiddle,boy
But give the devil his due
I'll bet a fiddle of gold
Against your soul
'Cause I think I'm better than you

The boy said my name's Johnny
And it might be a sin
But I'll take your bet
And you're gonna regret
'Cause I'm the best there's ever been"

Know your numbers, but do not be blinded by them. Understand the MEANING behind the numbers. You can be fooled if you don't understand that numbers reflect reality, they are not pure abstractions.

When the Devil comes to Alaska, I intend to be ready. I'll stand my ground, I won't back down, not EVER. I never have given up in a debate, I never will, not with the messengers of the Devil, not with the Devil Himself. I have my weapon, it is the Written Word. In other words, a Preacher with a Gun.

Reverse Engineer

[vtsnowedin]

"I don't know about that quadrillion dollars"

Try this

Don't question El Cid's figures without doing your own research. The whole area of derivatives is quite shadowy, but 1.14 quadrillion is not just some WAG.

Don't presume that you have the right to tell me what to do.