[deMolay]

I think this guy is on the money. http://ftalphaville.ft.com/blog/2010/02 ... re-duncan/

[mefistofeles]

Here is a verbatim quote from the government's own January 2010 SIGTARP report

Stated another way, even if TARP saved our financial system from driving off
a cliff back in 2008, absent meaningful reform, we are still driving on the same
winding mountain road, but this time in a faster car.

The future financial collapse of the US isn't wild conjecture it's an official position that government itself seems to have taken.

[NoWorries]

The question is, how much time does $760 billion buy?

[Daniel_Plainview]

The govt has shown conclusively and repeatedly that it will sacrifice the US's long-term structural integrity to maintain its short-term status quo, thereby maximizing the wealth of the Elite. Given current political incompetence and corruption, it is now impossible for the US to restructure its economy in time to avert a total collapse.

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

[cipi604]

T... Given current political incompetence and corruption, it is now impossible for the US to restructure its economy in time to avert a total collapse.

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Correct, except the fact that the elite never sinked with the ship. They will be just fine, don't worry.

[rangerone314]

The govt has shown conclusively and repeatedly that it will sacrifice the US's long-term structural integrity to maintain its short-term status quo, thereby maximizing the wealth of the Elite. Given current political incompetence and corruption, it is now impossible for the US to restructure its economy in time to avert a total collapse.

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Rats (and the elite ARE rats) desert a sinking ship.

They will simply move to small tropical islands (kinda of like the one Branson owns).

[mcgowanjm]

T... Given current political incompetence and corruption, it is now impossible for the US to restructure its economy in time to avert a total collapse.

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Correct, except the fact that the elite never sinked with the ship. They will be just fine, don't worry.

The Problem for the Elite will be their loss of anonymity
as the Islands of prosperity shrink.

And it becomes ever more difficult to get those
supply trains in from the Slave Worked Latifundia. ;}

Or to protect their ever more visible Redoubts.

Top 400 net avg $345 million in 2007

[Homesteader]

They will simply move to small tropical islands (kinda of like the one Branson owns).

Then rising sea levels will get them.

[rangerone314]

They will simply move to small tropical islands (kinda of like the one Branson owns).

Then rising sea levels will get them.

That would be ironic.

[TheDude]

Not that I miss him, but where's Alex De Limbaugh? Could always count on him for some partisan verbal packing material in threads that had anything in the slightest to do with the dreaded O.

[mcgowanjm]

Not that I miss him, but where's Alex De Limbaugh? Could always count on him for some partisan verbal packing material in threads that had anything in the slightest to do with the dreaded O.

And this is the way it will go. The Obfuscators will bug out just before the Effluent hits the fan.

This is both an opportunity and a time of great peril. Should we as an international community not force those who committed fraud to cease, desist and confess we will solve nothing, and the sort of demand that was put forward in this story will continue to escalate until someone breaks out a rifle - at which point the opportunity to obtain a reasonable outcome from this crisis will disappear.

Like Say a Piper Cherokee slamming full throttle into an IRS Building
in Austin TX.

Had to cut the phrase to:

Piper Cherokee full throttle Building in Austin TX

before Google got a hit for me.

[gollum]

Lot of rage in the country, I expect more of this sort of thing until the government loses it's sympathy for the very rich and influential at the expense of the other 99.5% of it's citizens

http://www.rasmussenreports.com/public_ ... e_governed

[EnergyUnlimited]

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Nope.
They are aware of few lifeboats on board and these in all probabilities will be used as private hire pleasure boats.
Survival of the rich scenario.

[mos6507]

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Nope.
They are aware of few lifeboats on board and these in all probabilities will be used as private hire pleasure boats.
Survival of the rich scenario.

Whenever I see this sentiment exposed I like to point out that doomers want our lifeboats as well. I don't think we should be one to criticize.

[gollum]

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Nope.
They are aware of few lifeboats on board and these in all probabilities will be used as private hire pleasure boats.
Survival of the rich scenario.

Whenever I see this sentiment exposed I like to point out that doomers want our lifeboats as well. I don't think we should be one to criticize.

I dont recall asking the tax payers to finance my life boat.

[sittinguy]

They have to keep a few of us around,, who is going to plunge the toilets.

[rangerone314]

Apparently, the Elite do not realize that when the ship sinks, they will sink along with it.

Nope.
They are aware of few lifeboats on board and these in all probabilities will be used as private hire pleasure boats.
Survival of the rich scenario.

Whenever I see this sentiment exposed I like to point out that doomers want our lifeboats as well. I don't think we should be one to criticize.

I for one think blood sucking parasites should be drowned.