What Our Nation Will NOT Face
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-10-18 09:22
by Karl Denninger
in Editorial
Ignore this thread
What Our Nation Will NOT Face
 

This is the sort of animal that we simply will not face in this country.

Romney make me wanna hop through the tv & just assasinate his ass .— Alyece Johnson (@alyy_joee)

....

I aint gone lie... Food stamps the ****! I mite assasinate romney my damn self if he get elected ! I fuxx wit free 99 on the eats

....

If Romney win , a nigga gone murder ass .. smh— Blake Griffin Yo Hoe (@DamnGurlYuNasty)

....

If Romney win, IM GOING TO JAIL FOR MURDER cuz imma whack his bitch ass ASAP— Birthday Oct 20th (@AKOOjunky)

And dozens more.

And what's got people all worked up?  The possibility that they might have to work instead of simply suck off other people's labor.

Remember this?

"It was the most-memorable day of my life.  I won't have to work."

Want to know why I've been rather "on" about where our nation is headed and what's to come?  Do you really need to know more after reading and seeing that -- and realizing that this is not about a racial issue at all, in reality (despite how some people are spinning it) but rather simply about refusing to face the fact that our politicians have and are continuing to refuse to face the fact that without productive output there is literally nothing?

There's nothing to tax.

There's no way to "create demand."

The last 30 years have "taught" Americans that they don't have to actually get off their fat asses and make an effort.  They don't have to live in under a bridge or in a box if they decide to sit on their butts and play "homie" instead of waking up in the morning and getting out there in the world, finding a way to make something with their hands, mind or brawn, negotiating with someone else so as to provide economic output from human output.  We don't have to deal with the fact that not everyone can have $500,000 worth of medical care through their life when they produce nearly zero in surplus economic output beyond their immediate needs in food, shelter and energy during their lifetime -- and that which they do have in surplus instead of saving for said health requirements later in life they blow on an iPhone and chrome wheels for their "ghettomobile."

At the same time our government bestows special protections on various segments of industry so it too does not have to compete.  Health care is the worst but far from only sector where this happens.  Education is one of the more-recent; during the alleged "debates" everyone talked about making sure people could borrow more and more money, but neither of the "big two" candidates and none of the third-party ones have said word #1 about reversing the policies that make student loan debt "special", elevating it to a status beyond that of child support and turning it into effective enslavement. 

This change has turned college into a bad joke, where "free money" chases goods and services, driving up prices on a radical and continuing basis. 

We then act like good little sheep and goad our young adults into signing themselves into bondage, an act which our kids should respond to by eating those who made that recommendation, starting with the most well-marbled.

Ben Bernanke openly flaunts the very statute that gives him a job, repeatedly braying about his alleged "2% inflation" when the actual words of the mandate are stable (that is, unchanging) prices. 

Our Congress provides incentives for and allows offshoring of millions of jobs to China and India in the name of "free trade" where 14 year olds are impressed into forced labor, others are driven to literal suicide by their working conditions while the air, water and soil are poisoned with industrial waste.  This is undertaken so companies like Apple can make billions in "profits" and have a $600 stock price, we can have folks like Kudlow and Cramer cheer on "a roaring market recovery" and you can have your "status symbol" -- the most-important thing in the world and worth camping out on a sidewalk to acquire.  This form of human arbitrage and abuse of people is called "free trade"; a particularly outrageous bit of irony given that the nation involved and the word "free" are never used correctly in the same sentence.

At the core of rot in our nation lies corruption, fraud and counterfeiting via actual and effective acts.  We are told that banks take in deposits and then write loans with a reserve, but that's a lie; Bernanke asked for and got in TARP the ability to set reserves to zero.  The truth is that banks haven't worked that way in ages; they first counterfeit the money and cut you a cashier's check backed by nothing at all, you spend it, the merchant deposits the spent funds and then they reserve some of what comes back in -- maybe.  Note that at no time did the funds lent actually exist first.  This is called a "naked short" when done in the stock market and is a crime, but it's also done every minute of every day by the banksters and we call it "making money." 

Well, I guess it is, after a fashion, but if you've wondered why this chart looks like it does:

You should now understand.

The usual check and balance on this sort of behavior is that you'd have to find someone to put up capital to lend out and he or she would be very interested in making sure you could pay.  But our capital has been offshored to China and replaced by credit at the federal level, hollowing out our capital base and turning our nation into an empty shell filled with people who continually demand more and more "free ****" that the politicians provide while pointing to the stock market as evidence of "success."

Nonsense.

There is a mathematically-certain collapse in our funding and economic model in the offing and we are now at the point where the actions we have left available to us can only change the outcome from catastrophic to "big suck", but cannot avoid the inevitable and ugly adjustment that must be taken.

But nobody -- and I do mean nobody -- in the political class will take up these issues, most-particularly the unbacked emission of credit by everyone including government, laws protecting effective monopoly behavior in the health industry, offshoring that exists only due to the wanton and outrageous abuse of people not far from what Kony is doing in Uganda and the "Free **** Army" that must be cut off here and now, being told in no uncertain terms that if they choose to try to riot instead of making an effort to better themselves and their lives we will solve our unemployment problem in America through their assumption of room temperature via lawful self-defense.

As such all you can do is be personally prepared for the worst possible outcome, because on the road we're traveling that's exactly what is to come.

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 2  First12Last
User Info What Our Nation Will NOT Face in forum [Market-Ticker]
Docj
Posts: 1010
Incept: 2009-09-10
Silver
Duck & Cover
Report This As A Bad Post Add To Your Ignored User List
Odd, I thought threatening a politician with assassination was something that would earn you a visit from some nice G-men in black suits. Or is that only politicians of a certain political persuasion? (Because you can bet your sweet bippy that if this was a bunch of crackers threatening President Choomy this would be a national story and scandal.)

As to the crux of the story - yeah, but I'm so past being outraged by the FSA acting according to type. It will continue until it can't - and then, it won't. Lots of terror and ugliness follows. Whoever survives gets to try again.

Or the Mayans are right and none of us will see Christmas this year in any case.

----------
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
Trades50
Posts: 4237
Incept: 2007-10-30
Silver
Land of Tax and Spend
Report This As A Bad Post Add To Your Ignored User List
Quote:
Or is that only politicians of a certain political persuasion?


Right now the Chicago political machine controls Washington.

You have Madigan and David Axlerod all masters of political back room deals. They can make ghost voters appear Chicago.

Back in the 1960's democratic election judges used to go behind the curtains of the election machines and help people vote. These people know how to take over and infuse their people and policies.

----------
When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
Riposte
Posts: 274
Incept: 2010-01-08

Report This As A Bad Post Add To Your Ignored User List
I have a 23 year old cousin with Down syndrome. On his Facebook page, he posted that he was mad at Obama and that he wanted to take him out. A few weeks later he got a visit from the Secret Service.

After sitting down and meeting with him, and conducting some family interviews, they concluded he wasn't a threat.

I wonder what will happen with these people on Twitter? Hmm...
Crzymorse
Posts: 1228
Incept: 2010-06-25

Maryland
Online
Report This As A Bad Post Add To Your Ignored User List
We are seeing years of propaganda manifest itself in those tweets. After all those years of Bush bashing notice how Obama had some really kind things to say about him during the debate at the expense of Romney. Has a Republican president ever cut food stamps or welfare? Put a work requirement into welfare? The only president I know that did that was Bill Clinton, another $200M net worth ivy league graduate just like Romney.







Attilahooper
Posts: 1998
Incept: 2007-08-28
Green
New York, by way of Montreal Canada.
Report This As A Bad Post Add To Your Ignored User List
Did you guys notice the tweets all spelled "assassinate" correctly ?

That is statistically impossible, considering the demographic.

----------
I like Sloppy Seconds
http://www.youtube.com/watch?v=Rf96br9LS....
tribute to Joey Ramone
http://www.youtube.com/watch?v=1m5FXPYgx....
Bertdilbert
Posts: 2694
Incept: 2008-12-22
Gold
CA
Report This As A Bad Post Add To Your Ignored User List
People love that video of the black girl saying she is not going to have to worry about her mortgage or putting gas in her car because Obama was elected.

But at the same time there was probably a banker saying, "I am not going to have to worry about my asset valuations or who is going to buy my trash assets."

----------
Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.

Apotheoun
Posts: 1414
Incept: 2009-08-14
Gold
MN
Report This As A Bad Post Add To Your Ignored User List
I see these kinds of mentality all the time. I have lost count of all the friends and family that get paid less than me and go out to eat ATLEAST once each day (if not more)and by the time monday rolls (and they do not get paid till Friday)their account is already in the RED... I do not get it, how do you justify such expenses?

On the other hand most of these people make so little at their jobs that even if they used ALL of their monthly income on just bills they still would not have enough. So all in all what does it matter?

Other people must see these same symptoms and just give up. The bottom line is "why should I care?" everything is so stacked against them they really dont have a chance anymore. The sad truth is even if they had money there is nothing productive anymore to put it in for long term investment/growth, so why not spend it while you still have some purchasing power left.

I know you are convinced the crash will be deflationary, but I am not so convinced. I think there is still a possibility of wymar type inflation.

All I am saying is I cannot blame them all that much anymore... Its not justified, but its not entirely stupid either because if you cant even make your bills let alone food, who cares what you spend your money on anymore.

----------
"when despair is all you can see, the end is finally near."
"Because there is some good left in this world, AND ITS WORTH FIGHTING FOR!"
Poodlelover
Posts: 152
Incept: 2012-02-02

Report This As A Bad Post Add To Your Ignored User List
I personally think Romney does suck, like this lady says after eloquently arguing her point to keep Obama in president: http://www.youtube.com/watch?v=VrzEWDw7s....

But, she also adds gas on the fire that Karl brings light to. You're SUPPOSED to worry about gas and paying your bills. That's what motivates you to get off your butt.

We've all seen the examples of people doing nothing and living indefinitely off the teat, including ladies like this: http://www.sodahead.com/living/put-upon-....

However, I've never seen real stats of how many are truly indolent, who have made it a full-time, unending profession to do nothing but navigate the labyrinth of government benefits with no desire whatsoever, ever to get a job.

Oh, and everyone of these people should be getting a visit from the police/FBI/secret service. It is patently unacceptable to threaten anybody's life in this manner and it IS illegal.
Jslique
Posts: 472
Incept: 2008-07-28
Silver
Melbourne
Report This As A Bad Post Add To Your Ignored User List
For three years+ now my brain has been telling me money being handed out by printing, exporting manufacturing jobs etc must cause an explosion in the economy. But the game keeps going on the stock market keeps increasing. I come here to read your stuff Karl to stop myself going insane at what the ptb are doing. But they get away with it. I feel like I have shell shock from this experience.
I tuely believe they are digging the hole way big and the sides will collapse one day.
Jal
Posts: 519
Incept: 2009-03-25

Report This As A Bad Post Add To Your Ignored User List
"Free **** Army"

The "Free **** Army" is not those poor souls. They are only collecting crumbs that fall off the table.

Do I need to make a list?

Health care cartel, education cartel, military cartel, oil cartel, and, oh!, lets not forget the financial cartels.

If you want, you can include the gov. that has been spending money that they don't have for the last 30 years as if its "Free ****".

Aztrader
Posts: 6655
Incept: 2007-09-10
Green
Scottsdale, AZ
Report This As A Bad Post Add To Your Ignored User List
Mortgageguymn
Posts: 1583
Incept: 2009-03-09
Green
North Coast
Report This As A Bad Post Add To Your Ignored User List
There were only two "assassinates" in tweets KD quoted and they were both misspelled. They did correctly spell "cuz"(although I believe the full word is "bcuz), "imma" and "wit" - because they possess great wit.

I am advising my kids and all of their friends to stay far away from the 'hood for the first 3-4 nights after the election. And those who live there to sleep in the bathtub. If nothing happens, great.
20yr2debtfreeusa
Posts: 11
Incept: 2011-04-28

Rockville MD
Report This As A Bad Post Add To Your Ignored User List
We might just as well hand the country over to Rob-me and his buddies.

But then, let's all get together and take back control of the money supply by vowing to never borrow OR LEND (including the Gov't) our money... ever again...for any reason, the result is no more bubbles. Build support for this economic movement and vote out of office anyone who does not draw a line in the sand re: balancing the budget, period.
Open a 100% backed by dollar coin demand deposit bank that will, for a service charge, take our deposits and clear our checks. And since we are not lending anymore, this will be it's sole purpose.
But if the objection is made that if you take alway interest and arbitrage I can't make any money...then we say "go produce something and sell it". Put an end to the greed principle, that you get money for doing nothing...which lesson the poorest of the poor have now learned, following the example of the likes of Rob-me, see David Stockman.
Mistermagoo
Posts: 48
Incept: 2012-04-04


Banned
Report This As A Bad Post Add To Your Ignored User List
I have been complaining on twitter for weeks that I haven't received my Obama phone yet. Then one of my relatives told me I won't be getting one since I, you know, work. I was devastated by the news.
Vernonb
Posts: 432
Incept: 2009-06-03
Gold
East of Sheol
Report This As A Bad Post Add To Your Ignored User List
Mortageguymn,


Go to the link that Karl posted. You'll see many more instances. I think this is what Attila meant. It takes a larger sampling to draw a real conclusion but it does seem suspicious.

I've been seeing all this riot and kill whitey/Romney crap since last week if Obama is not re-elected.

I do not think the spelling is due to their 'wit.' They are just ignorant m.....fu. Time for a Samuel L. Jackson medieval rant. -LOL


----------
"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
Sean
Posts: 1789
Incept: 2009-04-21


Online
Report This As A Bad Post Add To Your Ignored User List
This podcast goes along with this ticker.

http://www.corbettreport.com/episode-245....


----------
* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Lizardqueen
Posts: 3562
Incept: 2008-04-01
Green A True American Patriot!
He's cute, but he can't swim
Report This As A Bad Post Add To Your Ignored User List
>>I am advising my kids and all of their friends to stay far away from the 'hood for the first 3-4 nights after the election

I told my parents that the other night on the phone. They aren't quite in the hood, but the area has really gone downhill since I grew up there and the 'hood is now the town next door.

I told them to gas up the cars, make sure they had enough food, and to just stay around the house and away from the stores in the area for about a week.
Two frail old white people with a Romney sticker on their car should NOT be out and about in the hood after this election if Romney wins.

----------
"Pull your pants up, turn your hat around, and get a job"
---P.J. O'Rourke
Mortgageguymn
Posts: 1583
Incept: 2009-03-09
Green
North Coast
Report This As A Bad Post Add To Your Ignored User List
I'll check out the link. When Drudge first touted this, I tried to follow the original Twitter feeds and they'd all been deleted - which could be to wipe the tracks of a false flag, because the owners of those twitter accounts could have gotten freaked out or Twitter itself could have yanked them for fear that people would realize that 99.7% of tweets are ghetto rubbish a'la No Limit Nigga.
Andysvw
Posts: 1873
Incept: 2010-06-26
Green
Tujunga Ca
Report This As A Bad Post Add To Your Ignored User List
I dont see it that way. We heard that when obamy won. If riots are going to happen it should be the young unemployed. I dont see that happening either. If they take away the EBT cards they wont get a race war. That would start a class war.

When the public employees find out their pensions are gone you will see stuff burning. Massive layoffs at the state and local level are coming. My guess is after the erection union busting will be the trigger. Union leaders will be at the front. When its all over state sovereignty will be a thing of the past. Federal unions will not be effected. The state unions will be folded into the federal power structure.
Drkshapiro
Posts: 651
Incept: 2012-09-12
Gold
Southern CA
Report This As A Bad Post Add To Your Ignored User List
Agreed that corporate socialism is the larger parasite, but they are all in the free s*** army. Looking forward to the day when the young lady in the video produces something worthwhile and says: Damm. That feels good.

----------
A government that robs Peter to pay Paul can always depend on Paul. --GBS
Andysvw
Posts: 1873
Incept: 2010-06-26
Green
Tujunga Ca
Report This As A Bad Post Add To Your Ignored User List
I should clarify Union busting should be pension busting. Drink the kool aid or loose your pension. That would destroy pretty much all local authorities. Then NY Bankers rule from out of range.
Frat
Posts: 1939
Incept: 2009-07-15
Silver
NKY
Report This As A Bad Post Add To Your Ignored User List
"But what about the children?"


**** the children. If their worthless parents would stop ****ing like bunnies long enough to CARE FOR their mutant-spawn, maybe the pressure would slacken. But, rather than make it uncomfortable for them, we PAY THEM MORE TO BREED. When the gravy train stops, be prepared to SHOOT their spawn, rather than feed them.

----------
We're ****ed. Where's Henry Bowman when you need him?
Aztrader
Posts: 6655
Incept: 2007-09-10
Green
Scottsdale, AZ
Report This As A Bad Post Add To Your Ignored User List
Just look at the pattern the feds have pushed for the past 20 years. The laws only pertain to the little guy and the brazen fraud, theft, manipulation and bailouts have been completely ignored for the friends of the administration.

They put programs into force like ZIRP, outsourcing and inflation that is breaking the financial backs of most Americans and then they come in and save them with Extended Uemployment, SSDI, Welfare, EBT cards, phones, etc giving them the taste of their own bailouts. They sytematically destroy their productive lives and then "save" them. The pattern is obvious. The more people dependent on the govt, the more support for the guys that give it to them. There is only one problem with this game and that is they are out of money. These groups are growing fast and eventually this bubble will too blow.

Then these "welfare" people will come a knockin to anyone they think has it better then them. I grew up next to Gary Indiana and know very well what will happen.........
Bertdilbert
Posts: 2694
Incept: 2008-12-22
Gold
CA
Report This As A Bad Post Add To Your Ignored User List
Quote:
I should clarify Union busting should be pension busting.


Could you clarify the "erection" part?

"My guess is after the erection"

----------
Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Login Register Top Blog Top Blog Topics FAQ
Showing Page 1 of 2  First12Last