Karl wrote..

The Feral Government in the United States

I'm guessing this was not a typo or misspelling, right?

That is correct.

From Wiki:

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A feral organism is one that has changed from being domesticated to being wild or untamed.

...and (I might add) one that is a potential danger to those around it.

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while my level of disgust reaches new highs by the day.

Couldn't agree more. I knew my finances were in trouble, now it's affecting my mental health as well.

The money has to be extracted from the political process and it won't happen through the ballot box. The politiCal process has been hijacked by Wall Street monies interests and is broken. Were going to have to effect change some other way. Something the MSM can't ignore and on a mass scale. Not OWS either because that's too easy to label and ignore for the MSM .

I'm thinking a massive lack of confidence vote in November.

Ticker wrote..

The truth is that eventually bankers, including central bankers, get tired of being people's patsies and getting paid back with devalued money. They then say "no mas" and that's the end of the game.

I have no idea why they'd get tired of being paid back with devalued money, since the central banks are the exact entity doing the devaluing in the first place. They aren't being patsies; they are simply getting back what they baked in.

Ticker wrote..

The Feral Government in the United States has had more than four years to do something about the outrageous excesses of the "ought nots" and in fact did nothing other than giving the pigs at the trough more and more promises to pay that could not be, and will not be, repaid.

But, much of that deficit spending - the wars, the blowing of the student loan bubble, Cash for Clunkers, HAMP, TARP, pension promises, ignoring criminality via robo-signing and empty mbs, the Obamacare giveaway to insurance companies - are simply more ways for the banksters to skim ever more from the system. You might even say that almost every federal program eventually passes thru the hands of the banksters, including paying for a Just-us Department that ignores bankster crimes.

I don't really know what else to say here - every action of the Feral Government is intended to do one thing and one thing only - transfer whatever wealth remains with the 99% to the 1%, ie the banksters and their corporate wanna-bes like GE and GM/Ally. The only other federal actions, ie Gunwalker, are done to disarm the sheeple. At this point, the only conclusion is that the war on the middle class is escalating and people better get ready.

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Maybe I'm just wasting my time while they play circle-jerk and patty-cake with the very same banksters (and perhaps that is because they'd like some hinky loans too!) Maybe this is nothing other than a time and money sink for me when I could be doing something useful, like (for instance) jacking off. At least I'd get some satisfaction doing that.

Your time is wasted hoping some politician, ANY politician, will do the right thing. Until we observe the constitution with it's LIMITED .gov, no politician or law will fix this mess. And that I don't see ANYWHERE on the horizon.

We're swirling the bowl. Hope you're prepared for the journey.

No haircuts is the problem. There has to be haircuts to restore discipline to the system. When people on the outside start getting haircuts, the administrators of the system will be called in question. This is the smoke screen, cover up the fraud with massive inflation of government spending and Federal Reserve action. No one went to jail in the S&L mess until the losses were revealed by closing and re-organizing the depositories.

Your comments on the Libertarian party are well placed Karl. One of my projects lately has been to learn more about the true Libertarian philosophy and for what it stands. We all have our pet projects, but if they don't agree with true libertarian philosophy, the philosophy can't be followed. The number one point I find in Libertarian philosophy is banking is a government/elite arranged business and rests on perpetual insolvency and fraud. The classical liberal economic philosophy is 180 degrees what is called liberal today. Libertarian isn't only pure capitalist, but anti elite and anti monopoly and big time wealth. Most of what we call wealth in the modern world is set up on Government arranged programs. Libertarian philosophy might not prosecute the bankers, but it would take away their charters, as the charters of banking are titles of nobility. Who gets a banking charter? A trusted person? Close examination reveals that a large number of them are given to crooks.

I don't agree with all the Libertarian philosophy I have read, namely because if you read deeply, you find they aren't necessarily in favor of rents on land. This is a self serving attitude, but I can understand its basis. Feudalism was based on the maintenance of large amounts of land, farmed by slaves and held by nobles. Government rigging the acquistion of rental property by the well connected is anti-libertarian. Holding hundreds of millions of acres from access by people is anti-libertarian. The Western states are in a large degree, nothing but vassels of the Federal government.

No paper money or credit that can't be supported within the market is a libertarian philosophy. What got the banks in trouble? They had paper the market wouldn't take, thus they had deposits resting on junk. If their paper wasn't of questionable quality, we would have never had a credit crunch. Likely, we would have never had a bubble. Banks would have been able to liquidate their paper to satisfy their liquidty problems. Thus, directly, they created deposits which can exist only in fraud and not in reality. One side of the balance sheet has to support the other. The idea these instruments were good paper and not merely caught in a liquidity squeeze is total nonsense, as we have seen in the 3 years since this mess ended. The AAA paper was junk and any fool would know it would eventually turn to junk. There is a history of what foreclosures are worth.

The defense of the status quo is that you can't run a modern economy on a strict credit/gold standard. The problem is we don't have a system in place that wasn't established on the back of a gold dollar or a gold pound or whatever other currency was put in place over history. Breton Woods wouldn't have flown without a gold dollar. When it collapsed, bankers merely started papering over the losses, which is why we have arrived at the juncture we sit now. In every bubble, it has been government and banking that were involved at the top, not gold money. The libertarian philosophy is that man would adjust to whatever system was in place to where there would always be enough money.

What we have is a price/credit support system. There can be no downward adjustment in prices to clear the market, as that would threaten the inflationary system put in place. Think the government could issue bonds in gold at this time? Maybe in small amounts, but they would be laughed at if they attempted to float anything over a few hundred million a year. There would be no FSA, but those in true need would likely receive some kind of charity.

Then we have war, which is the biggest challenge to liberty and freedom. Whose war? Any of us have a beef with Iran? I doubt there exists one outside of what is fed us through the media. The US got in trouble with Iran due to our meddling in their affairs. The US was self sufficient in oil when this meddling started. Oil is now merely a reason to keep involved. We have to come to grips with who was waging war against whom. The red scare was merely a reason to continue the war bubble started prior to world war II.

I would get to know the real backbone of what the Libertarian party was when it was founded. The idea isn't always to win, but to change the philosophy of the country. We have the ear of the young. The libertarian can't win if he merely becomes another statist. He merely does what Johnson or whatever that New Mexico guys name is. He merely gets another label to do what he would do if he were a Republican or Democrat, which is enforce the power, legitimate or not, of the Federal State.

Reading Rothbards, Betrayal of the American Right, which can be found on mises.org, I came upon the libertarian writers of the pre-Korean War period. They protested not only World War I, but World War II as well and every war thereafter, due to the loss of liberty that war entails. I came upon the name Leonard Liggio, who was a contemporary of Rothbards. He and Rothbard and a few others set up the basis of the Libertarian Party, an assimulation of social leftists and economic free enterprise people. This is why the party has what seems to the trained eye as a split agenda. The eye is merely trained upon falsehood instead of under the concept of liberty, as economic liberty and social liberty cannot be opposed, as the Republicans and Democrats of the day attempt to do. All their policies seem to rest on accounting fraud and forcing the populace to behave in the manner they decide.

Here is an expose written by Liggio on the philosophy of the Jacksonians, who made the last right move in relation to banking in US history. It brings forward the economics behind the philosophy. It also brings forward what did it in, during the late 19th century, the moralists of right wing protestants against the wishes of catholics and others. It was the reformers who believed they could change human nature, rather than recognize it and deal with it. This led to the Wilsonian philosophy the Democratic Party and US foreign policy has rested on since. It is behind the Prohibition movement and to an extent, behind both parties.

http://leonardliggio.org/wp-content/uplo....

I am digging up stuff on Liggio, who might be the most influential Libertarian alive today. It appears George Mason University is the heart of Classical Libertarianism in US education, with Walter Williams and others. Liggio is associated. He was also a founding member of the CATO institute, President of the Mont Pelerin Society and holds all kinds of influential positions in areas Libertarians need help. This is his website.

http://leonardliggio.org/

Liggio was also a founder of the Libertarian magazine. Here is a link to the Libertarian organization. Do a search on Liggio and it will take you to Libertarian magazines of the 1970's. There is also a link to the 60th anniversary celebration of Hayek's Road to Serfdom, where there is a one hour video. We start finding out who is who in this world.

http://www.libertarianism.org/

A true patriot and a brave man -

http://www.zerohedge.com/news/syntagma-s....
Syntagma Square Suicide Note Ends With Call To Young Greek People To "Hang The Traitors"

Earlier today, we remarked on the story of a 77-year old Greek, now identified as Dimitris Christoulas, who at around 9 am took his life in the middle of Athens' central Syntagma Square with a bullet to his head. His full suicide note has been released. The note, presented below, ends in a solemn call to arms to "hang the traitors of this country."

"The Tsolakoglou government has annihilated all traces for my survival, which was based on a very dignified pension that I alone paid for 35 years with no help from the state. And since my advanced age does not allow me a way of dynamically reacting (although if a fellow Greek were to grab a Kalashnikov, I would be right behind him), I see no other solution than this dignified end to my life, so I don’t find myself fishing through garbage cans for my sustenance. I believe that young people with no future, will one day take up arms and hang the traitors of this country at Syntagma square, just like the Italians did to Mussolini in 1945"

More from Athens News:

Georgios Tsolakoglou was the first collaborationist prime minister during Germany's occupation of Greece during the Second World War.

The reference has been widely interpreted as a comparison between the wartime collaborationist government and the current government of Lucas Papademos.



The suicide occured shortly before 9am, as people went about their business on the square. Christoulas, 77, shot himself while standing next to a tree on one of the grassy areas on the square. He died from a single shot to the head, reports say.



He was a retired pharmacist, with a wife and a daughter. He sold his pharmacy in 1994.



Laos head Yiorgos Karatzaferis noted in Parliament that the bullet that killed the man in Syntagma, also hit the conscience of the Greek political sphere. "This is not just a person that killed himself", he said. "This event should make us understand that we have all been behind this, we have all pulled the trigger. What did this man see from us, before deciding to take his own life? He saw shady goings-on, he saw none of those that stole from him and the Greek people go to jail. What else did he see? He saw no help coming his way, as he tried to deal with his loans and debts. What did this man hear from us? He heard that no slack would be given to him, no room to move, while the political parties would get plenty of money. Money they did not deserve"



"Death isn't just to die, it's also to live in despair, with no hope", New Democracy head Antonis Samaras said of the event, before adding that "incidents like these are what makes the fulfilment of our duty even more important and even more urgent. We must help Greece out of its current state, we must help Greeks escape from despair".



"We have watched all this time as suicides have escalated dramatically in our country, a product of the disgraceful financial policies followed by New democracy and Pasok", was Syriza MP Litsa Amanatidou - Pashalidou's take on the event.



Independent Greeks leader Panos Kamenos called for the suicides of those involved in the country's current state. "It wasn't this man who should have commited suicide. Rather, it should have been those politicians that knowingly led Greece to be crushed by this vice", he said.



Yiannis Dimaras, party leader of the Hellenic Citizens' Charriot stressed that "those who have voted away all the rights of this country, those who have given our dignity away, are those that are guilty for spilling the blood of this Greek pensioner".



Dimitris Zafiriadis, party spokesman for the Democratic Alliance said that this action was an indication of the desperation that a large segment of Greek society is currently feeling, as it watches its way of life being violently altered".



Meanwhile, Pasok MP for Corinthia and former party spokesman Panos Beglitis has come inder heavy fire for his comments while speaking to private television station Skai TV earlier on Wednesday. When asked why no one does anything to help people who are driven to such extremes due to mounting debts, Beglitis repsonded by saying that "in cases like these, we must be very careful when commenting about anything. All I can say, is that this mean was very brave and sensitive. We cannot however connect his suicide with the country's current financial plight. Besides we do not even know if he amassed the debts, or whether his children had a hand in it".



The shocked Greek community is issuing calls for a "Syntagma afternoon" later on Wednesday.

Karl,

What will be the length of the next can kicking exercise by the bearded oaf? After all he has successfully kicked the can for nearly 4 years..

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Maybe I was wrong to get involved with the Libertarians.

Heh Karl, read my siggy. Considering the weight of overwhelming evidence, at this point I consider it denial to believe that the insertion of a candidate into a corrupt political system will produce change. The current MO has turned the US into a fascist state operating under the guise of democracy. Europe is no different, we both share the same ills in this regard.

Surely you cant mean it Karl. All of the bobble heads on t.v. are telling us how good the recovery is going. Surely the media reports the truth....

Quality journalism is now limited to the internet. I would be embarrassed to be known as a Journalist with the crap that I see in the MSM. I guess they do as they are told because they have to earn a wage.

Like you I am amazed that the gaming has lasted this long.

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You can't make a bad debt good by claiming it's good

No, but you sure can make 4 dollar gasoline by letting your central bank try.

"The biggest lie of all is that The United States can continue to spend its way to prosperity with borrowed money, that The Fed can continue to provide the "free money" that the federal government then consumes with its handouts and economic distortions, and this will continue on forever and Unicorns will crap out pretty colored candies."

I had to laugh at it... And so true...

I posit the following hypothesis for why it has gone on for so long (and continues to go on).

You are underestimating the stupidity/ignorance of the people. Probably something akin to a "mind projection fallacy". Effectively you model the other actors based upon yourself. You can see that it cannot last. You therefore assume that the others can also see that it won't last. They can not.

This has probably been the reason most doom sayers have been wrong. They think people are able to "foresee" the eventual calamity and would therefore act sooner. Their combined acts, rational on an individual level, would cause the collapse of the system. Except that they do no "foresee" the eventual catastrophe if they continue on the same path.

Thus. When it is no longer physically possible for the system to go on, à la Lehman, will it collapse.

Any guesses as to what might be the trigger, and how far away that might be?