Night Terrors For Those At The Top
The Market Ticker - Commentary on The Capital Markets
2017-10-24 07:00 by Karl Denninger
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Night Terrors For Those At The Top
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What keeps people up at night?

For ordinary folks it tends to be ordinary things.  You think you might have cancer.  You fear your kid is going to screw up big-time and wind up pregnant and alone, in prison or dead.  You fear an approaching hurricane; you have no money to evacuate nor can you rebuild if your home gets destroyed, as you couldn't afford insurance.

For people with lots of money and power all those ordinary things really don't bother them very much.  The kid-based fears are still real, but you can buy their way out of most -- but not all -- of those.  The others?  Meh.  Look at Steve Jobs, who got cancer and yet he both extended his life and finagled a transplant that nobody else could have managed, simply because he was rich.  Yes, the cancer got him anyway but it would have gotten anyone else a hell of a lot faster.  Hurricane?  Into the G-IV we go and call the insurance company.  There are a number of wrecked multi-million dollar yachts in SE Florida right now that could have been moved before the hurricanes came, but weren't -- they were left inadequately secured and were, as expected, destroyed. The (almost-certainly rich) owners basically sold their boats to the insurance company; it happens in every big storm and is why premiums spike like mad as soon as we are hit by one.  In the worst case (e.g. Richard Branson) you hide in your wine cellar and then rebuild when it's over -- you have both insurance and money, never mind other places to live while your palace is restored to its former glory.

No, what these people fear is the sort of thing that just happened with Harvey Weinstein. Not so much that Harvey blew up, of course, but rather instead of being contained to him, it is spreading like the fire from a match tossed on a pile of dry straw in a barn.  There are myriad people who have pulled the same crap for decades and suddenly the "social contract" (read: payoffs) that locked up the voices of all of those who were abused has been shattered.  It's a social mood shift and it brings the hammer down -- hard.

One would hope that the hammer which comes remains civil and lawful but there's no guarantee of that.  Reality is that nobody has eyes in the back of their head.  You can buy security, and most of these people do, but it's both expensive and following protocols to the letter, which you have to do to remain reasonably secure, is a huge pain in the ass.  You can't go to a Christmas party at a friend's house, you can't have one at your own house without screening the people who come, you can't even go into a Church on Sunday.  Travel in your own car, driving, is right out of the question.  So is a visit to an amusement park or shopping at the local mall.  Your home(s) are essentially encased in razor-wire, although you make it look pretty, with all the potential places someone could snipe you from 500ish yards away blocked by hard cover -- and guards.

You might have a big-ass yacht and a G-IV, but what you don't have is the ability to decide to get in your Chevy and head up to the local watering hole for a drink and watch a baseball game.  Or, for that matter, to go to one yourself.  Run a 10k Saturday morning?  On your own property, sure, but on a public street?  Hell no -- that's 3.1 miles each direction you'd have to evacuate everyone from for a radius of 500+ yards.  Forget it.  What I just did -- three races in two days, a 10k, a 5k that evening and then a half-marathon, all on open, public city streets with only a couple of cops (to try to keep the random idiot from hitting us with a car by accident)?  Not if you want to maintain physical security.

You basically have to build yourself a prison and then live inside it.

So most of these guys don't really follow the rules.  The President does, but then again he doesn't write the checks and it's part of the job, which all candidates know before running.  Having the Secret Service go into a hotel before he gets there a couple of days in advance and check everything is just part of the deal.  So is renting a whole floor so you can keep the random ******* in the next suite from being someone other than a random *******, never mind riding around in the back of an up-armored car that's damn close to a tank in terms of it's resistance to attack.

Harvey?  Ha!  Not a snowball's chance in Hell he plays by those rules.  Nor do any of these other guys.  Beyond heads of state nobody does because nobody will put up with that **** and neither will their families.

The local hospital director?  He goes home -- in a Porsche or Lexus, but he goes home and he probably drives himself.  He might have a big boat, but what he almost-certainly doesn't have is a private security force that has the force of law behind them like the Secret Service.  People like Weinstein have chauffeurs but most of them like to drive their own exotic cars a decent part of the time -- you see the chauffeur is a feather in their cap at big public events, of course, and maybe a burly dude or two packing along with him.  Even "big name" executives like Zucker****er and Bezos have the "trappings" of security but not the reality of it.

Nor do Congressmen and women, or any of the people in your State House and Senate, your County Commissioners and City Council members.  Even the mayor of most major cities has nothing more than a couple of cops hanging around him all the time and perhaps a somewhat-upgraded perimeter around their "mansion."  Ditto for the Governor of a state.

No, you see what causes Night Terrors in people with this kind of money and power, whether in the private sector or otherwise, are two possibilities, one "civil" and one not-so-much.

The "civil" one is that someone like Weinstein "blows up" and the rest of those who are guilty of the same garbage get fingered for it along with him.  That sort of event is completely out of their control, which is why they wake up with night sweats; they simply never know if or when the mood will rapidlshift in the country and what was a simmering series of payoffs to people and lawsuits over various very bad acts will turn into "Money ain't enough -- I want your ass in prison, out of a job and broke, and I don't much care in what order those things happen."

The very uncivil possibility is even worse, of course, because unless you're a head-of-state your so-called physical security isn't worth a fart in church.  Oh sure, against one lone nut these measures are almost always enough, and God knows there are a lot of crazy people out there.  That's why folks in those positions pay for said pseudo-security and why people below heads-of-state in fact are reasonably secure with a cop or two watching things in a civil society.  The nuts are pretty easy to defend against because they're crazy and, equally-important, they nearly always act alone.  After all, why would a bunch of sane people follow someone obviously missing a couple of cans from their six-pack?

But none of this applies to the civil or uncivil courses of action if the social mood shifts en-masse and now you have a whole bunch of people who aren't crazy but are hell-bent on justice -- or worse, vengeance. Suddenly you have coldly-calculating, thinking and intelligent folks who you screwed one time too many and they decide individually, but at roughly the same time, that you're not going to get away with it any more.

We're seeing what may be the start of the civil alternative right now in the entertainment industry.  If you're a very rich (or even moderately-rich) creep in that industry you can't be sleeping very well this last couple of weeks.  Who knows how far this goes before it burns out.  It might fizzle rather quickly but then again it might burn far and hot enough to get back into The Lolita Express and everyone who ever took a ride on it, along with going into the halls of government at both a state and federal level.  It sure looks to me like it's not stopping with Harvey Weinstein; every day or three there's another very wealthy and powerful person in the bizness who is finding out that his fingering is coming back to haunt him.  The only real question right now is whether it will remain contained to the entertainment industry.

The jury is out on that thus far....

Where things could get very sporty, however, is if people start recognizing some of the other and arguably much worse abuses that are regularly served up by the wealthy and powerful.  For example, what if people recognize that they're being robbed of a house each and every year and both very wealthy private individuals and government officials at all levels are responsible for it?

Then there's the quite-possibly far worse scenario: America recognizes as a body politic that 200,000 Americans are killed by these abuses every year, it is the third leading cause of death in the country, and it happens simply because there's no incentive to do things right when the hospital or doctor can bill you for the cost of fixing their own mistakes even if they're unfixable or kill you.  The human misery and cost in dollars is bad enough but 200,000 avoidable deaths..... is that an unsupported span far enough out for the mood to shift suddenly and without warning, leading to its collapse?

How many wives and husbands, or parents, have been dispossessed of a spouse or child via these scams and schemes?

The good news for our society and nation as a whole is that there is a civil approach to addressing this issue, should the noise level get loud enough and those who are pulling this crap decide to act before the public turns ugly.  That doesn't do the people who committed these acts much good though; I doubt any of them are going to like being broke and more than a few will probably go to prison, even under a civil approach.

If that doesn't keep you up at night, whether you're part of this scam or not, maybe it should.  If you're one of the bad actors, especially in the government where you can actually resolve problems like this perhaps you ought to consider that it's entirely possible to fix all of this crap before one of the other two paths -- an event that nobody can accurately predict as to timing or control -- happens.

Just remember before you dismiss this out-of-hand as paranoid nonsense that not only did Weinstein (and his entire board, it appears!) think he had and would continue to get away with it so did all the other people who are now being fingered almost-literally by the day.  Everyone one of those people are facing just consequences for their actions only because the Weinstein scandal was one straw too many on the camel's back and literally nobody knew in advance that would be the case.

Sleep well.

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User Info Night Terrors For Those At The Top in forum [Market-Ticker]
Flappingeagle
Posts: 2695
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When "the mood" shifts, it can shift awfully fast and awfully far. You mentioned healthcare but Higher Ed is under the same gun. All it will take is a shift in attitude toward debt and Higher Ed will be lucky to be on life support.


As for motivation for revenge, you mean like this guy? https://www.yahoo.com/news/sniper-slayed....

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Truthseeker
Posts: 8933
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A True American Patriot!
Southern Oregon
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From your lips to God's ear. Tip of the iceberg? We all know it is. Let's see how much of this sucker gets exposed.

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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Tickerguy
Posts: 150345
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Yep.

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Winding it down.
Aquapura
Posts: 673
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South of Canada
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I've often opined that the divide in this country is more along socio-economic strata than race or political ideology. Sure, those two things are correlated but I think long gone are the days where a jury would acquit O.J. just because he's black. Nope, he's a rich guy and there is a lot of sentiment that wealth isn't earned, it's stolen. (For a lot of rich ****ers that's true unfortunately.) I laugh about the NFL kneeling BS since I've personally heard the black guy on the street corner complaining that no pro-football player knows his struggles. I tend to agree. The Weinstein news just is more fuel to the fire that rich people are different and they are NOT like us. Thankfully.

Now the real question is, what do you define as rich? Big difference from someone with an AGI of $250k vs. $35k...


Acebarefoot
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Aqua....I agree completely, but don't underestimate the reverse racial component that is bubbling under the surface as well.

If what Karl has discussed here numerous times turns ugly, and there is a decent chance it does, driving a BMW , Mercedes, etc. in average areas draws attention to you or your family that you don't want.

Not looking too poor or too rich (i.e. blending in with your surroundings) will be important for your personal safety. When the rage hits there won't be time to explain to the mobs that you are not part of the "priviledged". No.....they will only want blood, and if you "appear" to be one of those "wealthy".... blood is what they will get.

Personally, I am preparing for the worst and hoping for the best. I am a positive person who is always looking at how to make the best of each situation and turn it positive. What I see coming is going to be a challenge that will test us all.









Sean
Posts: 2932
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Banned
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As others have opined here ..

Nothing will change (violently or non-violent) until you don't have enough $ for the basis for you and/or yours; until then the big game is on!

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GEN 5:32,GEN 7:6, 6/17/1689, 6/17/1789, 10/13/1917, 10/13/2017 (???)
Banditfist
Posts: 812
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A True American Patriot!
Huntsville, Alabama
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Down goes John Besh, favored son of New Orleans. My wife and I love his restaurants and food.

Someone lifted up the newspaper on the ground and a bunch of roaches went running in all different directions.



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"Are you sure you can't remember?"
"I'm sure I can't remember" ~ Ben Bernake 25 Jun 2009

Tickerguy
Posts: 150345
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A True American Patriot!
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Quote:
Nothing will change (violently or non-violent) until you don't have enough $ for the basis for you and/or yours; until then the big game is on!

Wrong.

Weinstein proves this.

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Winding it down.
Bagbalm
Posts: 5303
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Just North of Detroit
Online
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To take what Karl is saying a little further - there simply isn't enough security in the world to put all the minor officials under the security umbrella. If people get pissed enough to go gunning for the mid-level and low level officials there goes the mechanism that makes it all work. Threats only work against people who have something to lose. They are hard at work creating a mass of people who have very little to lose. What the critical mass of such folks are I don't know, but I suspect it is like the number needed for a revolution - in the single digit percentile.
The police are too busy making money off fines and traffic stops to protect every state and city official. If they pull them off revenue generation then suddenly they are no longer self-funded. Police service ends when their pay check stops.
The whole edifice depends on public indifference. Once voluntary compliance evaporates our current system simply won't work.
Vernonb
Posts: 1910
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East of Sheol
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When collateral is shared secrets usually not a good idea to cheat your fellow criminal. I'm looking for those that might get implicated to take out Weinstein to contain the damage - not the real victims.
Still waiting on those "suicide" reports if this gets traction.

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"Mass intelligence does not mean intelligent masses."
Aquapura
Posts: 673
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South of Canada
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Quote:
Not looking too poor or too rich (i.e. blending in with your surroundings) will be important for your personal safety.


I think that has largely been valid throughout history, good times and bad. Look too well off in a bad area and you're a target of crime, look too poor in a good area and you're a target of the police/security/etc. Problem is the wealthy rely on the peasants for protection...and that protection is largely for show anyway. In a collapse scenario being on the Forbes Billionaires List might be a big liability - the gun turned on you might be from those you expect to be protecting you. Why I choose to be happy with my lot in life and am fine with my common-man struggles as Karl mentions above.
Tsherry
Posts: 935
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Spokane WA
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I'm still a little baffled that Weinstein got away with it as long as he did, without some unhinged actress delivering him a "Columbian necktie" during one of his 'massage' sessions.

Or maybe one of their boyfriends, husbands, or fathers step in as appropriate.

Had it been me, I would have to use Law Abiding Citizen as a how-to, with certain modifications.


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Omne mendacium est.
Tickerguy
Posts: 150345
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Quote:
I'm still a little baffled that Weinstein got away with it as long as he did, without some unhinged actress delivering him a "Columbian necktie" during one of his 'massage' sessions.

I'm not. 200,000 families and spouses a year put up with the local doctor or hospital killing their loved one and I've yet to read of any of them being capped by the surviving family member(s).

Sexual harassment, serious though it is, ranks WAY down there when compared against death.

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Winding it down.
Tdurden
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This couldn't be happening to a nicer pack of *******s. I'm enjoying as much schadenfreude as I can with this. Sure, it's nice seeing some of these lecherous turds get a taste of comeuppance. I'll have to settle for this, because ALL of the ******* in DeeCee are too special to see any kind of justice. You got hillary, who pimped out the state department for her and her family's financial gain, committed a bunch of other felonies, and topped that off with destroying evidence that was under subpoena. She'll never be prosecuted....she's one of the special people.

Then there's Clapper...perjured himself while answering the questions of a Senate oversight committee on live TeeVee. He'll never be prosecuted. He's one of the special people.

And how many felonies did comey committ and confess to while answering questions in front of congress? He'll never be prosecuted. He's one of the special people.

Now there' toothless hacks trey gowdy talking about more hearings. Why bother, trey, neither you nor anyone else will prosecute anyone. But it will make nice letters to send out to the fools asking for more campaign brbes. That's all those hearings are...side shows to troll for bribes,

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"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price." -Vir Cotto Babylon 5
Merlin
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Tulsa, OK.
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Well, there's always "Unintended Consequences". It's not *just* a book after all.
Flaps10
Posts: 6756
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PNW
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Tsherry
Reference: Who Killed Bob Crane

This really seems to point that many/most celebrities literally sold their soul (took it in the dirt chute) to get where they are.

Does anyone make it strictly on talent?
Tsherry
Posts: 935
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Spokane WA
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>>Does anyone make it strictly on talent?>>

Chuck Norris, maybe? (grin).

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Omne mendacium est.
Click
Posts: 34
Incept: 2017-06-26

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Maybe not yet, but someday ( maybe sooner maybe later) what is going to be keeping a lot of corrupt people up at night is the Second Amendment, if you know what I mean.

In other words, there comes a point in time when the "law-abiding citizen" realizes that his only chance for justice comes from the barrel of a gun. Then the Second Amendment becomes his/her only recourse.

Don't ask me when that time actually comes, but the thing I do know is that the Second Amendment was put there for a good reason...
Supertruckertom
Posts: 1506
Incept: 2010-11-07

USA
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The balance of terror can shift rapidly once people no longer fear death or an afterlife that is contingent upon actions in this life.

I have told more than one Godless ******* that mocked Christianity that it is a good thing that I still have a residual fear of Hell and respect for the Sacrifice of Jesus.

I have to pray constantly to keep my Primal Instinct under control.
I was raised strictly in Curches and private elementary schools and it still barely kept me in check. I was getting into fights yearly and it would truly frighten the administrators and teachers how such a polite smart respectful young boy could be pushed to the point where his response could hurt the other party in the schoolyard.
Once in High School, sports were my outlet and the bullies just stopped looking at me as a target.
Ha, most of them wouldn't even try out for the football team.


There are millions of people out there like me.
We have the killer Instinct and have adapted to civil society. We do it to have our families and not dishonor them. My kids are grown now. My parents are retired. The Inhibitor in my life is my loving wife. If she precedes me, Woe to some of these bastards.

The Bullies need to be reminded from time to time that their power is limited .

My youthful troubles kept me out of the military... Yeah, it was that bad.
No drugs, just fighting.
Got expelled once.


I was a pharmacology experiment for a while too. Ritalin was an exclusion back then and I still think it is.

Change your situation before you try medication.
Kids don't have much of a choice though.

In the fight or flight Instinctive genetic lottery, I got a huge dose of fight.
It is a gift if channeled properly.

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Preparing to go Hunting.
Snooze
Posts: 3038
Incept: 2007-07-09

florida
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I can only hope the social outrage over this will also include equal guilt for the alleged victims. They should be treated as co-conspirators rather than victims. Hopefully the more civilized social outrage will shun them at worst but prosecute them at best.

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Wealth is found in the warmth of the sun, in the coolness of moist soil, in the taste of fresh air, and in the pulse of your heart. Plant a seed and harvest your riches.
Ktrosper
Posts: 3303
Incept: 2010-04-06

ft collins co
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Flap wrote..
You mentioned healthcare but Higher Ed is under the same gun

yep. Healthcare, Higher Ed, Financial Industry, Insurance, Pedowood, etc. etc. etc.
Flaps10 wrote..
all of them sold their soul...
exactly my thought. I know it's bordering on blaming the victims here, but holy ****! Who didn't allow themselves to be assaulted in exchange for fame? Anyone?

I read that maybe only the actresses that came from established, powerful families were left alone.. I guess that would make sense. Predators have a sixth sense for picking on the weak and leaving those who could/would fight back alone..

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
Amgrace
Posts: 2292
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New Castle, PA 16101
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American politics as a system has ceased to function, because the system has gone from representing people to representing money. And that is something that can only go well as long as the people have at least some of that money. - Automatic Earth 3/17/2010
Flappingeagle
Posts: 2695
Incept: 2011-04-14

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Quote:
yep. Healthcare, Higher Ed, Financial Industry, Insurance, Pedowood, etc. etc. etc.


There is a form of idol worship that has just about killed our society. Worshiping "Growth". 99.9% of the things that people get do in our society have their success measured by how much "growth" they can produce. It does not seem to matter if you grow it to the point of self-collapse, just that you grew it.

People are starting to realize this but it is too late. With modern day financing (fractional reserve lending, leverage, etc) you can't shrink backwards along the same path that you grew, the system will just violently contract or outright collapse.

I've tried for years, long before I ever found this website, to explain that to people but to no avail. I've resigned myself to smelling the roses and trying to position myself to have as much flexibility as possible when the **** finally hits the fan.

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Rollformer
Posts: 56
Incept: 2013-02-13

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Now, George HW Bush has been accused: https://www.aol.com/article/news/2017/10.... . Of course, look at this definition of "sexual assault".
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