To The Tea Party: Go Screw Yourself
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-10-20 13:15
by Karl Denninger
in Editorial
Ignore this thread
To The Tea Party: Go Screw Yourself
 

Yes, I mean it.

Here's a "reprint" of my interview with Dylan Ratigan last night:

I, and FedUpUSA, ought to sue anyone using this moniker for their so-called "political affiliation" for defamation.

Yeah, that's a joke.

But so are you.

All of you.

Especially Sarah Palin, Newt Gingrich, Bob Barr, and douchebag groups such as the "Tea Party Patriots."

Let's look at their mission statement:

  • Fiscal Responsibility
  • Constitutionally Limited Government
  • Free Markets

Really?  That sounds pretty good.  But did you read "Free Markets"?

Free Markets: A free market is the economic consequence of personal liberty. The founders believed that personal and economic freedom were indivisible, as do we. Our current government's interference distorts the free market and inhibits the pursuit of individual and economic liberty. Therefore, we support a return to the free market principles on which this nation was founded and oppose government intervention into the operations of private business.

Oh, oppose government intervention eh?  You mean, you oppose stringing up the people who break the law and steal people's homes and wealth?  Private business is only private up until it rips someone off.

Notice what's missing from this mission statement and principles: Any mention of why I and others led people to mail tea bags to Congress and our President in the first place: rampant theft of over taxpayer money propping up FAILED private businesses.

Then look at what's over at TeaParty.Org: you'll find the usual pablum.  Guns, gays, God.

Heh, I like talking about Guns, Gays and God too.  Let's talk about all of them within the context of The Constitution, which is what the Tea Party was supposed to be about.  In short:

  • Guns.  What part of "shall not be infringed" didn't you bother to read?  That one's simple.  And yes, this means that under The Bill of Rights there should be no Brady Law nor any bar on a convicted felon who has served his time buying or owning a weapon!  I know what the current law says and I understand the reasoning behind it.  But you can't square it with the clear language in the Second Amendment.  Our entire system of criminal justice rests on the premise that if you are convicted of a crime and serve the time for it, your debt to society is paid.  If said convicted criminal is still dangerous to society (and thus shouldn't have a right to self-defense) why are we letting him out so he can victimize other people?  Sentences should reflect this; you should not be released until you are no longer a danger to society - period.   Prison is often debated as to whether it's about rehabilitation or punishment - I argue it is neither, it is and should be about removing those who harm others from society until they are no longer a threat to others.

  • Gays. What part of "what you do in your bedroom is none of my damn business" didn't you bother with?  You can find that in the 4th Amendment as well as elsewhere.  In terms of public space what is your private sexual preference and life doing in the public space in the first place?  200 years ago we called such people perverts and stuck them in the stocks.  You want to address this problem?  It's simple: That's a gay (or straight) person's private life and its none of anyone else's damn business what two or more consenting adults do behind a closed door on private property.

  • God.  What part of the Establishment Clause didn't you bother to read?  "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof;"  You want prayer in the schools?  Not unless I can lead a prayer to Allah should I so choose; it is not Constitutional to favor one religion over another.  Therefore, you either keep it all out or you keep none of it out, and my preference is to keep all of it out, although I'll settle for none - either position is Constitutional.  No other position is, and that's the beginning and end of it.  The same applies to any other publicly-run and funded space.  What people do on their own private property with regard to how they worship is none of your damn business

Now that we've dispensed with Guns, Gays and God in the context of what one of the founders of the Tea Party Movement believes, I'll deal with the rest.

The Tea Party was initiated as a political protest against the unlawful and in fact unconstitutional usurpation of power from the Congress and The People in the form of extortion-led bailouts of enterprises that had engaged in acts that I, and many others, believe were at least civilly actionable and in many cases crossed the line into criminal activity.

This indictment is not limited to the nation's large banks, although it certainly starts there.  The corruption of our economic and monetary systems runs the gamut from Fannie and Freddie through their ties to Congress (including literal sexual encounters in some cases), banking interests selling trash securities to everyone from pension funds on down, judges who don't judge but rather protect monied interests on Wall Street, The Federal Reserve intentionally debasing our currency and monetizing government debt, government spending that is running 40% above revenues and much more.

In short, The Tea Party was and is about the the corruption of American Politics and the blatant and outrageous theft from all Americans that has resulted.  It is about personal responsibility and enforcement of the law against those who have robbed, financially raped and pillaged the nation.

Yet today we hear literally nothing about these issues among the so-called "Tea Party" candidates and their backers.  Sarah Palin has not said one word about locking up the banksters that brought up on the housing bubble and economic collapse.  Not one word about Bernanke's out-of-control Fed and the arguably unlawful monetization of Fannie and Freddie paper, not to mention the monetization of the Federal Debt.  Not one word about throwing judges such as this one:

in the dock - although that, ladies and gentlemen, is a statement of felony judicial corruption.  If you as an investor run into trouble with a commodity or futures trade and sue you will not get your day in court - a literal "green light" to rob the people by the big banks with official judicial sanction.  And you wonder how Hillary Clinton managed to "win" in her Cattle Futures trades eh?  Wonder no more.

Tea Party my ass.  This was nothing other than The Republican Party stealing the anger of a population that was fed up with The Republican Party's own theft of their tax money at gunpoint to bail out the robbers of Wall Street and fraudulently redirecting it back toward electing the very people who stole all the ****ing money!

You want me to support The Tea Party as it is currently constituted? 

Do all of the above, do it now, and apologize for attempting to perpetuate the financial******of this nation.

Publicize the following as your LEAD:

STOP THE LOOTING AND START PROSECUTING

And finally, one more:

ALL FIVE OF THE LARGEST BANKS ARE RESOLVED AS OUR FIRST ACT IN CONGRESS

They caused it, they pay for it.  Period.

Until and unless you do?

Discussion below (registration required to post)
 

Main Navigation
Full-Text Search & Archives
Archive Access
Get Adobe Flash player





Blogtalk 3:30 CT Mondays
Items To Look At


Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2013) - The annual 2013 Ticker

Links and Blogroll
Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out
Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.

 
Comments.......
User: Not logged on
Login Register Top Blog Top Blog Topics FAQ
Showing Page 1 of 10  First123456789Last
User Info To The Tea Party: Go Screw Yourself in forum [Market-Ticker]
Pika-steph
Posts: 54735
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
Report This As A Bad Post Add To Your Ignored User List
Okay...I'm at work. Why the re-do? Did something happen I don't know about?

----------
Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
inline
"The only regulation that really works is failure."--Rick Santelli
Sooner
Posts: 236
Incept: 2009-06-17
Green
Oklahoma
Report This As A Bad Post Add To Your Ignored User List
There isn't one Tea Party, just lots of angry Americans

Edit: Besides, how do you fit all that into a sound bite. The tea party candidates have to compete in the media too. If we get conservatives into offices, law will return.

Genesis
Posts: 130804
Incept: 2007-06-26
Admin A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
No we won't.

The Republicans stole the ****ing money in the first place.

Both Bernanke and Paulson were Republican appointees.

----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Djloche
Posts: 3280
Incept: 2008-07-07
Silver
In the Mountains
Report This As A Bad Post Add To Your Ignored User List
Steph, it's a further explantation of what he said on air.

----------
"If we wish to be free, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us! Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun! Our brethren are already in the field! Why stand we here idle?"
Sooner
Posts: 236
Incept: 2009-06-17
Green
Oklahoma
Report This As A Bad Post Add To Your Ignored User List
Who said they were conservatives. GW ran as one but certainly didn't operate as one in his last term. I'm talking conservatives not Republicans.
Direstraits
Posts: 57
Incept: 2010-01-11

Report This As A Bad Post Add To Your Ignored User List
karl I dont think FEDUP USA started the Tea Party.

Ron Paul's campaign way back in 2007 really was the origination of the group.

----------
Starving the Freeloaders
Bearshort
Posts: 4489
Incept: 2007-09-13
Green
NYC
Report This As A Bad Post Add To Your Ignored User List
They lost me when they got co-opted by the Religious Right.......

----------
"How long to the point of know return?"
Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.
Sooner
Posts: 236
Incept: 2009-06-17
Green
Oklahoma
Report This As A Bad Post Add To Your Ignored User List
they weren't co-opted by the Religious Right, I'm tired of that crap. have you even been to a tea party?
Genesis
Posts: 130804
Incept: 2007-06-26
Admin A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Sooner: Yes. The MEETINGS, not the "public events."

The entire ******n thing was one great big "natural law" convention.

Next.

----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Mj71
Posts: 118
Incept: 2009-03-14
Silver
Report This As A Bad Post Add To Your Ignored User List
Quote:
If we get conservatives into offices, law will return.

Scuze me, but smiley
Risingcream
Posts: 4407
Incept: 2007-09-07
Green
Report This As A Bad Post Add To Your Ignored User List
Tea partiers are angry sheered sheep that gained semi-consciousness. The shepherd was doing what to us? Payback time, but the normal sheep will be offered either carrots or sticks to defend the shepherd.

----------
Civilization...ancient and wicked. --Subotai

“The distance between insanity and genius is measured only by success”
2banana
Posts: 337
Incept: 2008-02-25

Report This As A Bad Post Add To Your Ignored User List
I would ask just how did those republicans "steal" the tea party?

It may be a case of conservative republicans vs RINOs (that we are so used to) joining the tea party in great numbers.

And who made Sarah Palin head of the tea party? I did not see that vote.
Sooner
Posts: 236
Incept: 2009-06-17
Green
Oklahoma
Report This As A Bad Post Add To Your Ignored User List
Mj71 - I don't know what you are basing that on, we haven't had a conservative government as long as I've been alive.
Direstraits
Posts: 57
Incept: 2010-01-11

Report This As A Bad Post Add To Your Ignored User List
Karl, do you think you started the Tea Party? It's fine to disagree with them, but to even jokingly imply it is an entity you helped create seems a bit egotistical.

----------
Starving the Freeloaders
Buckmulligan
Posts: 130
Incept: 2008-03-12
Green
New London CT
Banned
Report This As A Bad Post Add To Your Ignored User List
Kudos to Karl -- excellent post on the hijacking of the Tea party by the fraudsters. Lincoln was right: You can fool some people all the time.
Genesis
Posts: 130804
Incept: 2007-06-26
Admin A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
It is?

The idea in terms of mailing tea bags to Congress on inaugeration day STARTED RIGHT HERE. It began with a forum post and was picked up by Steph and myself. I wrote a Ticker on it.

Proof? Right ****ing here - pre-dating Rick Santelli's "scream", and incidentally, I was told by people on the floor that he in part got the inspiration from that - he read it.

http://market-ticker.org/akcs-www?single....

The truth is what it is.

----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Joejohns
Posts: 694
Incept: 2010-09-09
Green

Banned
Report This As A Bad Post Add To Your Ignored User List
Well if Sooner approves of them then I HOPE that the CHANGE will be as he promises!

Ok, Sooner, list up your top 5 cons and beside each of them list their return to law position.

As to the sound bites , if you want one here's one you could have them use for free, pay attention it's a quicky.........


STOP THE LOOTING AND START PROSECUTING!

free bonus soundbite... the top 4-5 big banks need to be marked to market and then resolved before the economy has a chance to grow.

Catchy , I like it.

Now point to the cons running who advocate such or YOU are the problem.
Karlmarxghost
Posts: 4148
Incept: 2009-01-26
Green
I'm Your Huckleberry
Report This As A Bad Post Add To Your Ignored User List
Quote:

they weren't co-opted by the Religious Right, I'm tired of that crap. have you even been to a tea party?


Ive been to two of them. Karl summed it up quite well. Guns, God, and Gays. I was one of the only people who carried signs in regards to the bankers and yes, I have video.

Karl and I went to one down here and when Karl went up to speak about the bankers and their theft many had left. You can hear me shouting stop the looting start the prosecuting in the background :-)

----------
My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
Www
Posts: 10
Incept: 2009-01-01

Report This As A Bad Post Add To Your Ignored User List
Whenever you hear "free market" and "founders" in the same sentence, remember you're talking about the 18th century. Back then, the economy was dominated by sole proprietorships (mostly small farms or plantations) or partnerships, in which entrepreneurial individuals bore the full risk of their investments. The few corporations that existed were statutorily required to serve a public purpose (not just "increasing shareholder value") and had a definite expiration date. They sometimes, though not always, were partially publicly funded. Modern corporations, which enjoy the state-bestowed benefit of limited liability among many other perks, and which, increasingly, are multinational entities loyal to no flag, are simply not comparable to yeomen farmers. Therefore pulling a few quotes from the founders and blithely applying them to our day and age is silly and unconvincing. I strongly recommend Drew McCoy's book "The Elusive Republic" to those who wish to learn more about 18th-century debates in an 18th-century context. In my view, most of the founders would probably think Palin, Gingerich, and the bankers look a lot more like the British than the patriots.
Hogman
Posts: 7874
Incept: 2008-02-18
Green
Derby City, USA
Report This As A Bad Post Add To Your Ignored User List
Thanks Karl

Agree most important issues at hand are not being discussed
Docj
Posts: 1000
Incept: 2009-09-10
Silver
Duck & Cover
Report This As A Bad Post Add To Your Ignored User List
Quote:
Sarah Palin, Newt Gingrich, Bob Barr...


Sorry KD. I'm pretty well dialed-in to the TP in my area (Boston) and I don't know anyone who thinks these three, or most others associated by the MSM with the TP, are part of the TP. Some like them (particularly Palin), but nobody thinks any of them (or Beck, for that matter) are calling the shots.

More like noticing a parade and trying to jump in front of it.

----------
The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
Joejohns
Posts: 694
Incept: 2010-09-09
Green

Banned
Report This As A Bad Post Add To Your Ignored User List
As to who or what started the Tea Party(KD is correct,but) who NOW advocates for the standards that the Tea Party should be about?

In your HONEST heart, who is it really. Swear on the life of your children, WHO is it NOW?

Abn0rmal
Posts: 9261
Incept: 2009-01-10
Green A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
As far as I can tell this is the very earliest mention of the tea party on TF (2008): http://tickerforum.org/akcs-www?singlepo....

It confirms this statement:
Genesis wrote..
The Tea Party was initiated as a political protest against the unlawful and in fact unconstitutional usurpation of power from the Congress and The People in the form of extortion-led bailouts of enterprises that had engaged in acts that I, and many others, believe were at least civilly actionable and in many cases crossed the line into criminal activity.

Pika-steph
Posts: 54735
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
Report This As A Bad Post Add To Your Ignored User List
Genesis wrote..
The entire ******n thing was one great big "natural law" convention.
While I have seen signs of exactly this on a national level, I can say that I have not experienced that here locally. I am invited to speak often and it is always about the economic system and the fraud.


----------
Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
inline
"The only regulation that really works is failure."--Rick Santelli
Login Register Top Blog Top Blog Topics FAQ
Showing Page 1 of 10  First123456789Last