United States News
See other United States News Articles
Title: Stocks, Housing and Economy, Mass Delusion American Style
Source:
[None]
URL Source: http://www.marketoracle.co.uk/Article21897.html
Published: Aug 16, 2010
Author: James Quinn
Post Date: 2010-08-16 10:09:41 by Capitalist Eric
Keywords: None
Views: 11694
Comments: 33
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. “ - Charles Mackay- Extraordinary Popular Delusions and the Madness of Crowds The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the vast majority of Americans act like a herd of cattle or a horde of lemmings. Throughout history there have been many instances of mass delusion. They include the South Sea Company bubble, Mississippi Company bubble, Dutch Tulip bubble, and Salem witch trials. It appears that mass delusion has replaced baseball as the national past-time in America. In the space of the last 15 years the American public have fallen for the three whopper delusions: Bill Bonner and Lila Rajiva ponder why people have always acted in a herd like manner in their outstanding book Mobs, Messiahs and Markets: “Of course, we doubt if many public prescriptions are really intended to solve problems. People certainly believe they are when they propose them. But, like so much of what goes on in a public spectacle, its favorite slogans, too, are delusional - more in the nature of placebos than propositions. People repeat them like Hail Marys because it makes them feel better. Most of our beliefs about the economy - and everything else - are of this nature. They are forms of self medication, superstitious lip service we pay to the powers of the dark, like touching wood....or throwing salt over your shoulder. “Stocks for the long run,” “Globalization is good.” We repeat slogans to ourselves, because everyone else does. It is not so much bad luck we want to avoid as being on our own. Why it is that losing your life savings should be less painful if you have lost it in the company of one million other losers, we don't know. But mankind is first of all a herd animal and fears nothing more than not being part of the herd.” Stocks for the Long Run Delusional Americans all over the country believed in the new internet paradigm. Fools thought “bricks and mortar” retailers were dead. Morons quit their jobs so they could get rich day trading. Wall Street hucksters took advantage of this hysteria by attaching .COM to every ridiculous IPO they shilled to the American public. Wall Street knew these companies were pieces of crap, but they churned out the IPOs as quickly as possible while the getting was good. The Wall Street oligarchs made billions and the delusional American public got screwed. You would think that average Americans would have learned their lesson after this experience. They did not. They continued to buy into the Wall Street lies about stocks being a sure path to riches. The fact is that the S&P 500 is currently at the same level it was in March 1998. On an inflation adjusted basis, it is 25% below the level of 1998. You don't hear this information on CNBC because the oligarchs that control the media need the delusion to continue in order to harvest more riches from the ignorant masses. Home Sweet Home “We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.” - Ben Bernanke - 2005 “House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.” - Ben Bernanke - 2005 Why was it that two supposedly brilliant, highly trained economists, with countless degrees and high paying positions could be so very wrong? Were they just mistaken or were they purposefully encouraging a national delusion? With the bursting of the internet bubble in 2000 - 2002, Americans immediately proceeded to the next bubble. Alan Greenspan was an almost God like figure in the early 2000s. He had “saved” the economy countless times during his 15 year reign of terror at the Federal Reserve. When he spoke, the American people listened. After the internet bubble and 9/11, he proceeded to reduce interest rates to 1% for an extended period of time. He then gave the all clear sign to Americans to take out adjustable rate mortgages. Lastly, Mr. Free Markets decided that banks and mortgage brokers could police themselves. The result was the greatest housing bubble in US history and a near collapse of the worldwide financial system. Sane economists like Robert Shiller saw it for what it was. He calmly pointed out that home prices had pretty much tracked inflation for over 100 years. A 100% increase in home prices over the course of 3 years was irrationally exuberant. He was scorned and ridiculed by the delusion propagators at the NAR, the cheerleaders on CNBC, the Wall Street money changers, the Federal Reserve stuffed suits, and the corrupt politicians in Washington DC. The usual drivel about positive demographics, low interest rates, strong income growth, and limited land to develop were spewed out by the corporate media complex. The beneficiaries of this mass delusion were the Wall Street banks that created mortgage products and derivatives faster than Obama spreads our wealth around. Mass delusion is always encouraged by those who benefit most from the mass delusion. David Lereah has admitted that he lied about the housing bubble because he was employed by realtors. Realtors made millions in commissions. Appraisers made millions in fees by inflating appraisals. Mortgage brokers made millions by encouraging people to lie on mortgage applications. Wall Street whores made billions by creating toxic packages of mortgages and selling them to Irish nuns, old ladies and clueless municipal administrators. The ratings agencies made hundreds of millions in fees for slapping AAA ratings on toxic derivatives. Politicians got rich from political “contributions” from Fannie Mae, Freddie Mac, Wall Street, and the NAR. Any reasonable human being could look at the chart above and see that this would end badly, but Americans wanted to be deluded. They choose to believe. The housing market has now been falling for five years, with another five years to go. Ben Bernanke has reduced interest rates to zero. I wonder how that will work out. Who Benefited from Globalization? “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” - Mark Twain From the time that Bill Clinton signed the NAFTA agreement in 1994, globalization has been touted by those in power as beneficial to all Americans. How could free markets and free trade be a bad thing? Corporate America, Wall Street, and the mainstream corporate media have blared the propaganda of globalization benefits from their loudspeakers. In theory, globalization appears to be a positive concept. It describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. The truth is that globalization is not inherently good or inherently bad. The idea is that each country has its own strengths and weaknesses. Each country will take advantage of their strengths and rely on other countries to help mitigate their weaknesses. This will result in increased trade, a larger world market, and economic progress for all. One small problem. Trade is not really free. Every country on earth protects various industries. Every country on earth manipulates their currency in order to get an edge. Every country on earth invokes tariffs to protect their national interests. Bill Bonner and Lila Rajiva address the difficulties of globalization and “free trade” in Mobs, Messiahs and Markets: “Unfair trade is yet another of the dodgy slogans festooning the spectacle of globalization like tinsel slithering around a pole dancer. How can different regulations and practices in different countries constitute unfairness? Isn't the essence of trade that different countries have different things to offer - whether cheap labor, or better technology, or more bountiful natural resources, or more welcoming business environments? If all countries had exactly the same things to offer each other, there would be no reason to trade at all. But what “fair” trade advocates are really advocating, of course, is unfair trade! They want to make sure their foreign competitors divest themselves of the very advantages that they bring to trading.” “We notice, for instance, that when Americans in Detroit lose jobs to other Americans in California, they might grumble a bit. But, by and large, they accept it as part of the nature of things. They move, or retrain, or change jobs. But when they lose their jobs to Japanese in Osaka or Indians in Bangalore, then a cry goes up. Unfair trade, howl the trade unions; race to the bottom, scold the social activists; yellow - or brown - peril, shriek the xenophobes and racists.” It seems the American middle class was sold a false bill of goods. They bought the Big Lie that globalization would benefit them. They bought into the delusion that even though their high paying manufacturing jobs sailed away to China and India, they could maintain their lifestyle through brain work, easy credit, cheap goods made in China by the people who took their jobs, and the ever increasing value of their homes. Noam Chomsky notes the fallacy of this delusion: “The dominant propaganda systems have appropriated the term “globalization” to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental.” Again, one must seek out who benefits from the delusion of globalization. The crony capitalists, Wall Street oligarchs, and corporate fascists who control the puppet strings in this country have benefited greatly from the Big Lie. Over 5 million manufacturing jobs have been off-shored since 2000. These good paying jobs are never coming back. Millions of service sector jobs continue to be shipped overseas. The global conglomerates like GE, HP, Oracle, IBM, and Boeing continue to rake in billions of profits, distributing millions to its high paid executives, while gutting middle class America. The ruling oligarchs convinced Americans to take advantage of cheap goods and easy credit, to buy electronics, cars, appliances, new kitchens, and take the vacations of their dreams. This Big Lie has left the American consumer with $2.5 trillion of non-mortgage debt and the lowest level of home equity in history. Retailers like Wal-Mart, Target, Home Depot, and Best Buy reaped billions in profits as Americans whipped out one of their 10 credit cards to buy HDTV's, economy bags of tube socks, iPads, iPods, stainless steel refrigerators, and Dell computers. Small town America’s mom and pop economy was gutted by Big Box retailers selling the globalization delusion. The biggest beneficiaries of the globalization delusion were the Wall Street banks. They control 80% of credit card market and have reaped billions in interest at rates exceeding 20%, while sucking $20 billion per year in late fees from the clueless public. Wall Street bankers have rewarded themselves for their brilliance in destroying the middle class by reaping multi-million dollar bonus packages. Vincible Ignorance “Most ignorance is vincible ignorance. We don't know because we don't want to know.” - Aldous Huxley Based on all available evidence, it seems the American public wants to be misled. They have chosen ignorance over knowledge and understanding. They want to believe their corrupt leaders. They want to believe that things always work out in the long run. They want to believe that the economy is about to get better. They don't want to think about unsustainable debt, unfunded liabilities, saving for retirement, or Simon Cowell leaving American Idol. Americans desperately want to be deluded into another bubble, but there are no evident bubbles left to blow. The existing American delusion is that the current fiscal path will not lead to the utter destruction of our once great Republic. And you run and you run to catch up with the sun, but it's sinking Pink Floyd - Time
(10 images)
Buy stocks for the long run 
The book Stocks for the Long Run was written by Jeremy Siegel in the mid-1990's. The premise is that if you just buy and hold stocks over a 20 to 30 year period, you will always make money. This was exactly what the Wall Street witch doctors ordered. They pounded this message into the brains of every American incessantly in their advertising campaigns, literature and propaganda. It became an unquestioned truth. Just one problem. It isn't the truth. Valuations matter. The Dow Jones was at the same level in 1982 as it was in 1966. On an inflation adjusted basis, the Dow did not get back to the 1966 level until 1990. That is 24 years of no return in the stock market. The American public ignored the true facts and piled into equities during the late 1990s. The result was one of the greatest examples of mass delusion in history. The internet bubble drove the NASDAQ market to a peak of 5,048 in March 2000. Today it sits at 2,180. Ten years after the bubble burst, the NASDAQ is still down 57% from its peak. 
“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.” - David Lereah - Chief Economist for National Association of Realtors - 2005 
America resembles a 40 year old aging baseball icon with two bad knees, a pot belly, receding hairline and delusions that he is still the ball player he was at 24. He doesn't realize that his skills are shot, as he flails at curveballs in the dirt thrown by 21 year old kids. The rest of the league knows he is washed up, but he refuses to accept reality. America isn't even running on fumes at this point. It is running on delusions. Politicians think they have saved the country from a Depression by adding $3 trillion to the National Debt and allowing Wall Street banks to pretend they are solvent. Americans have been deluded by the ruling oligarchs that a $700 billion bank bailout, an $800 billion pork filled stimulus plan, the Federal Reserve buying $1.2 trillion of toxic mortgages, and the Treasury forcing taxpayers to pick up a $400 billion tab for Fannie Mae and Freddie Mac’s bad loans has actually solved a problem created by too much debt.
The American herd has gone mad. A few people have regained their senses, but the vast majority still exhibits the behavior of sheep being led to slaughter. The ruling oligarchs have utter contempt for the average American, but they fear the masses. In order to retain their power and wealth, they gladly hand out two years of unemployment payments, food stamps, and welfare payments to keep the masses sedated. The working middle class foots the bill. Corruption abounds and is sustained by the passage of more laws and regulations. The sociopathic powers that control the levers of power in this country need to be brought to justice if this country has any chance at survival. The den of vipers and thieves have trampled on the Constitution, speculated with the country's funds, risked blowing up the financial system, committed fraud on a massive scale, and continue to rape and pillage the American citizens. Vincible ignorance by the American people is no longer a legitimate excuse. The criminals on Wall Street and Washington DC must be routed out and Americans must awaken from their delusional state before it is too late. I weep for the liberty of my country. 
Racing around to come up behind you again
The sun is the same in a relative way, but you're older
Shorter of breath and one day closer to death
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Capitalist Eric (#0)
Too Late. Dragon King done and gone. American's will now wonder how they got to their very own Stalingrad.
Yep. But nebby will still be thinking the few tokens he holds in his hands, will be worth something... He thinks deflation will save his pathetic ass. This article sums up most of the people at el-Pee, as well "no gnu taxes" (aka 50 yard line, 400 bucks, et al), and most of the Keynesians in the MSM. The last bubble- government spending- has already popped, and done nothing to staunch the bleeding. As the lack of confidence forces the dollar to be replaced (by what, yet, I don't know) as the worlds reserve currency, velocity will increase by a factor of three or four (my conservative guess), and hyperinflation will kick into high gear... Mcg, I don't know if you've stocked up on precious metals... but if you can't afford gold or silver, my recommendation would be to stock up on the other precious metals- lead, copper and brass... If you get my drift.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
So, Mr. Gold-bug, you think that, IF your nightmare scenario comes to pass, that the USG will just do nothing and let gold-coins become the de facto currency of the land and let the dollar wither? Do you really think that?
Being a Democratic shill means you check your humanity at the door.
You know, a little "Stalingrad" in some of the major cities is what this nation needs right now. The herd needs to be culled.
Being a Democratic shill means you check your humanity at the door.
The herd needs to be culled. And that brings up the next salient point. That All of the Generation who remember the devastation/depression of the Last Great War have to die beofre the next one can begin. The Horror. Point-Don't be wishing for Hell, even as the Battle Orders have been issued. "A senior U.S. military official said transfer of additional helicopters, which are in short supply in Afghanistan, would require a political decision in Washington. 'Do they exist in the region? Yes', he said. 'Are they available? No' ", writes Robert Naiman.
I've got dirt, seeds and know how to turn sugars into a nice value added product, if you know what I mean. And as everyone in my neck of the woods is locked and loaded (Sundays/Holidays are good days to listen for what kind of armaments are in the neighborhood;}, I'm not worried about local violence at the moment. ;}
The herd needs to be culled. I'm sure the elites think that... But since they have the armies, what makes you think that it won't be YOU that "needs to be culled?"
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
Do you really think that? The dollar is only worth something, as long as people accept it as a medium of exchange. The very survival of the U.S. Government is based on the dollar. What makes you think the (current) U.S. government will survive the inevitable collapse of the dollar?
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
Heh. I'm not worried about local violence at the moment. ;} Most aren't so lucky... But looking at the E.O.s on the books, all the stuff that's happened since REX84, it's getting to feel like a cross between Orwell and Huxley. I ask people about this subject, and they feel it coming... Most don't know what is actually happening, but on some primal level, they sense the tension building. Not good.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
Not good. ;} Like I've said, the Battle Orders have been issued. The Event will happen Tues-Thurs, everyone at their station. Or a Sunday Dawn. Before Halloween.
The very survival of the U.S. Government is based on the dollar. What makes you think the (current) U.S. government will survive the inevitable collapse of the dollar? Hey Gold-bug, go back and review your history and see what FDR did you all you Gold-bugs. Same thing will happen here.
Being a Democratic shill means you check your humanity at the door.
The Event will happen Tues-Thurs, everyone at their station. Or a Sunday Dawn. Before Halloween. That takes balls Jim to make that prediction. I find it laughable, but I take my hat off to you none-the-less for going out on the limb. You'd never see Eric do that.
Being a Democratic shill means you check your humanity at the door.
The current system IS HELL. I opt for the "Stalingrad" option as at least it will bring a resolution to the corrupt government.
Being a Democratic shill means you check your humanity at the door.
Big ones. 8D And it's not that hard if you've looked at the answers in the back of the book. ;} Like the Calls I made for Katrina, Depression Xmas 07 and the Greatest Event of Your Life, April 2010. I'm laughing as well. 8D http://bklim.newsvine.com/_news/2010/08/14/4884549-dwh-blowout-csi-why-it-could-not-have-happened-as-reported-by-bp- "That's why I never went to BP, and I'm not going to, and I don't appreciate the people they let die over this, and how they're making us sick, and we've already had some deaths around this island," he added, "They put untrained people out on the water, with faulty equipment, and with faulty respirators." On Wednesday, Mastler was still suffering. "I'm still feeling terrible. I'm about to go to the doctor again right now. I might end up in the hospital. I'm short of breath, the diarrhea has been real bad, I still have discolouration in my urine, and the day before yesterday I was coughing up white foam with brown spots in it." Mastler plans to file a claim against BP for his medical expenses.
The current system IS HELL. Why am I in this Hand Basket and where am I headed? 8D Hell is being shot out of hand because you weren't smiling while they tortured your dog. That kind of thing. " Evil destroys itself. And everyone makes the call to join in. " I opt for the "Stalingrad" option as at least it will bring a resolution to the corrupt government." # # Anyone remember Jerry Clower? - Cast Boolits I cant' shoot up there John, I might hit you. Somebody just shoot up in here amongst us, cause one of us got to have some relief. ... castboolits.gunloads.com/showthread.php?t=77203 - Cached
I already know. 1933, yeah? Now, tell me WHY he did it... When you have the answer to that question, then you'll finally understand the true nature of the situation, that the USA is in. I told you before, I have some of my money in precious metals... The rest of my strategy is in other areas, that will increase in value, during the coming inflationary times.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
Due to fear of the dollar losing it's purchasing power. We're not there, as I said we COULD get there, but in the end, the Gold/Silver-Bugs will end up with shit on their faces. Just like they did in '33. I told you before, I have some of my money in precious metals... The rest of my strategy is in other areas, that will increase in value, during the coming inflationary times. Do tell! Or is that a "state secret"!
Being a Democratic shill means you check your humanity at the door.
If you REALLY want to learn why, then read "Secrets of the Federal Reserve," which can be downloaded for free, HERE.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
More linking huh? Can't do anything more than link. BORED NOW.
Being a Democratic shill means you check your humanity at the door.
Can't do anything more than link. BORED NOW. You're bored, because you're fucking stupid. As to the book, it's 300+ pages... I'm not going to post the whole thing, because you're too much of a loser to actually LEARN something. "Fat, drunk and stupid is no way to go through life."
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
But since they have the armies, what makes you think that it won't be YOU that "needs to be culled?" Hey Eric, the current sit is untenable. It's analogous to being a slave. Who the fuck wants to continue working their ass off, like I do, and watch all the lazy fuckers get their home loans forgiven, free medical care, UE checks beyond what they paid for, etc. A lot of the US military are also hurting financially. I'm sure they'll be more than eager, some of them, to fight for freedom. And I don't know if you've watching the news, but the US military is going to be reduced dramatically.
Being a Democratic shill means you check your humanity at the door.
No, I'm bored as you're incapable of providing rational discourse. Almost every post you make has an insult with plenty of swearing. There is no having intelligent discourse with you as you don't want to.
Being a Democratic shill means you check your humanity at the door.
LOL. No, you're bored because you're fucking stupid. Fucking LAZY. You demonstrate the typical American attitude: In-your-face arrogance, combined with a dull stupidity that oozes from every statement you make. You're so far behind the curve, you think you're leading. THAT is what's so amusing... And why I enjoy yanking your chain. It's easy, and I can keep twisting you all day. 'Cause it's FUN.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
You demonstrate the typical American attitude: In-your-face arrogance, combined with a dull stupidity that oozes from every statement you make. You're so far behind the curve, you think you're leading. More evidence of your decaying state of delusion. Most of us here don't enjoy your posts. Just about every post you make is insulting. You have very little to add to Libery's Flame except insults. Don't feel the need to respond Eric. I'm washing my hands of your immature rants.
Being a Democratic shill means you check your humanity at the door.
It's insulting, because it agressively challenges the group-think. If your skin is too thin, then bozo me, and have done with it. LOL.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
If your skin is too thin, then bozo me, and have done with it. LOL. 1. Don't tell me what to do. 2. Agressively [sic] challenge? What, calling people "bozos" or "fuckers"? That not "challenging", it's insulting. 3. You never answer our questions, you just link.
Being a Democratic shill means you check your humanity at the door.
Same thing will happen here. Gold coins were mostly voluntarily handed in by citizen lemmings. Yes they were around then too.
"See in my line of work, you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda." --- George W. Bush (Rochester NY, 5-24-2005)
2. Agressively [sic] challenge? What, calling people "bozos" or "fuckers"? That not "challenging", it's insulting. 3. You never answer our questions, you just link. BTW, nice dodge to avoid having to think, or answer questions. You're not the brightest star in the sky, are you? LOL.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
Coming from a full-fledged retard who has problems spelling "aggressively", I take that as a complement.
Being a Democratic shill means you check your humanity at the door.
LMAO! I guess you're not qualified to be the grammar-police, ARE you? I don't pretend to, though... because such petty attacks aren't worthy. THIS time, however, is a bit different... *Hint* Next time you try to play spelling-Nazi, make SURE you can tell the difference between "complement" and "compliment."
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
No, I'm not the grammer police. But when someone goes around calling people "fucking stupid" I think they should have their shit a little bit tighter than say, oh, you.
Being a Democratic shill means you check your humanity at the door.
You're part of the 10% crowd, as defined by Thomas Edison. I am in the 5% group. I think. You think you think.
Democrats vs Republicans: The false paradigm of American politics People continue to believe in fallacies like the left-right paradigm because they are inclined for some reason- to make decisions based on their feelings, rather than objective logic or rational thought unfortunately.
I think. You think you think. Being a Democratic shill means you check your humanity at the door.
They have chosen ignorance over knowledge and understanding. They want to believe their corrupt leaders. They want to believe that things always work out in the long run. They want to believe that the economy is about to get better. They don't want to think about unsustainable debt, unfunded liabilities, saving for retirement, or Simon Cowell leaving American Idol. Americans desperately want to be deluded into another bubble, but there are no evident bubbles left to blow. The existing American delusion is that the current fiscal path will not lead to the utter destruction of our once great Republic.
#2. To: mcgowanjm, Nebuchadnezzar (#1)
American's will now wonder how they got to their very own Stalingrad.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#3. To: Capitalist Eric (#2)
But nebby will still be thinking the few tokens he holds in his hands, will be worth something... He thinks deflation will save his pathetic ass.
#4. To: mcgowanjm (#1)
American's will now wonder how they got to their very own Stalingrad.
#5. To: Nebuchadnezzar (#4)
You know, a little "Stalingrad" in some of the major cities is what this nation needs right now.
#6. To: Capitalist Eric (#2)
Mcg, I don't know if you've stocked up on precious metals... but if you can't afford gold or silver, my recommendation would be to stock up on the other precious metals- lead, copper and brass... If you get my drift.
#7. To: Nebuchadnezzar (#4)
You know, a little "Stalingrad" in some of the major cities is what this nation needs right now.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#8. To: Nebuchadnezzar (#3)
So, Mr. Gold-bug, you think that, IF your nightmare scenario comes to pass, that the USG will just do nothing and let gold-coins become the de facto currency of the land and let the dollar wither?
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#9. To: mcgowanjm (#6)
I've got dirt, seeds and know how to turn sugars into a nice value added product, if you know what I mean.
And as everyone in my neck of the woods is locked and loaded (Sundays/Holidays are good days to listen for what kind of armaments are in the neighborhood;},
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#10. To: Capitalist Eric (#9)
I ask people about this subject, and they feel it coming... Most don't know what is actually happening, but on some primal level, they sense the tension building.
#11. To: Capitalist Eric (#8)
The dollar is only worth something, as long as people accept it as a medium of exchange.
#12. To: mcgowanjm (#10)
;} Like I've said, the Battle Orders have been issued.
#13. To: mcgowanjm (#5)
Point-Don't be wishing for Hell, even as the Battle Orders have been issued.
#14. To: Nebuchadnezzar (#12)
(Edited)
That takes balls Jim to make that prediction.
#15. To: Nebuchadnezzar (#13)
(Edited)
#16. To: Nebuchadnezzar (#11)
Hey Gold-bug, go back and review your history and see what FDR did you all you Gold-bugs.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#17. To: Capitalist Eric (#16)
Now, tell me WHY he did it... When you have the answer to that question, then you'll finally understand the true nature of the situation, that the USA is in.
#18. To: Nebuchadnezzar (#17)
Due to fear of the dollar losing it's purchasing power.
Bwa-HAHAHAHAHA!!!!!!!
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#19. To: Capitalist Eric (#18)
f you REALLY want to learn why, then read "Secrets of the Federal Reserve," which can be downloaded for free, HERE.
#20. To: Nebuchadnezzar (#19)
More linking huh?
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#21. To: Capitalist Eric (#7)
I'm sure the elites think that...
#22. To: Capitalist Eric (#20)
You're bored, because you're fucking stupid.
#23. To: Nebuchadnezzar (#22)
No, I'm bored as you're incapable of providing rational discourse.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#24. To: Capitalist Eric (#23)
No, you're bored because you're fucking stupid. Fucking LAZY.
#25. To: Nebuchadnezzar (#24)
Most of us here don't enjoy your posts. Just about every post you make is insulting.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#26. To: Capitalist Eric (#25)
It's insulting, because it agressively challenges the group-think.
#27. To: Nebuchadnezzar (#11)
Hey Gold-bug, go back and review your history and see what FDR did you all you Gold-bugs.
#28. To: Nebuchadnezzar (#26)
1. Don't tell me what to do.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#29. To: Capitalist Eric (#28)
You're not the brightest star in the sky, are you?
#30. To: Nebuchadnezzar (#29)
(Edited)
Coming from a full-fledged retard who has problems spelling "aggressively", I take that as a complement.
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#31. To: Capitalist Eric (#30)
I guess you're not qualified to be the grammar-police, ARE you? I don't pretend to, though... because such petty attacks aren't worthy. THIS time, however, is a bit different...
#32. To: Nebuchadnezzar (#31)
... I think...
What paradigm? That is the type of response one would receive from the average voter in the United States today. It reflects the clandestine ignorance of the majority of the populace today. So the question becomes, why does the population continue to believe in the so called, left-right paradigm?
#33. To: Capitalist Eric (#32)
You're part of the 10% crowd, as defined by Thomas Edison. I am in the 5% group.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]