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And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept! Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how this works? Or what its relationship is to the real world?

I confess, my understanding of it is incomplete and schematic at best — in the way that my understanding of a Las Vegas magic act might be. All the flash and dazzle conceals the magician’s misdirection. The magician is either a scary supernatural being or a magnificent fraud. Anyway, the audience ‘out there’ for the Federal Reserve’s magic act — x-million people preoccupied by their futures slipping away, their cars falling apart, their kid’s $53,000 college loan burden, or the $6,000 bill they just received for going to the emergency room with a cut finger — wouldn’t give a good goddamn even if they knew the Fed’s magic show was going on.

So, the Fed has this thing called a balance sheet, which is actually a computer file, filled with entries that denote securities that it holds. These securities, mostly US government bonds of various categories and bundles of mortgages wrangled together by the mysterious government-sponsored entity called Freddie Mac, represent about $4.5 trillion in debt. They’re IOUs that supposedly pay interest for a set number of years. When that term of years expires, the Fed gets back the money it loaned, which is called the principal. Ahhhh, here’s the cute part!

You see, the money that the Fed loaned to the US government (in exchange for a bond) was never there in the first place. The Fed prestidigitated it out of an alternate universe. They gave this money to a “primary dealer” bank in exchange for the bond, which the bank abracadabraed up for the US Treasury. Well, not really. In fact, the Fed just made a notation on the bank’s “reserve” account that the money from the alternate universe appeared there. Somehow that money was sent via a virtual pneumatic tube to the US Treasury, where it was used to pay for drones to blow up Yemeni wedding parties, and for the Secret Service to visit pole dancing bars when the president traveled to foreign lands.

Here’s the fun part. The Fed announces that it is going to shed this nasty debt, at about $10 billion worth a month starting this past October. Their stated goal is to reach an ultimate wind-down velocity of $50 billion a month (cue laugh track). If they ever get there (cue laugh track) it would take 20 years to complete the wind-down. The chance of that happening is about the same as the chance that Janet Yellen will come down your chimney on December 24 with a sack-full of chocolate Bitcoins. But never mind the long view for the moment.

One way they plan to accomplish this feat is to “roll off” the bonds. That is, when the bonds mature — i.e. come to the end of their term — they will cease to exist. Poof! Wait a minute! When a bond matures, the issuer has to send the principal back to the lender. After all, the Fed lent the US Treasury X-billion dollars, the US Treasury paid interest on the loan for X-years, and now it has to fork over the full value of the loan (hopefully in dollars that have magically inflated over the years and are now worth less than when they were borrowed — another magic trick!). But that doesn’t happen.

Instead, when the theoretical principal is returned to the Fed, the Fed disappears the money, like the girl in a bikini onstage who enters the magician’s sacred box and vanishes. Now you see her, now you don’t. The explanation, of course, might be that the money was never really there in the first place, so it makes sense to fire it back to the alternative universe it came from. Well, uh, I guess….

The catch is: for a while it was here on earth and folks were doing stuff with it, such as the aforementioned drone strikes and pole dancers. Not only that, but the “primary dealer” banks were allowed to loan out ten times the reserve minimum denoted on their Fed accounts for participating in the scheme. Who did they lend all that money to? Apparently, a lot of it went to corporations who borrowed it at ultra-low interest rates in order to buy back their own stock, which paid dividends way higher than the interest rate they borrowed at to buy the stuff, and which also pumped up the share value of the stocks, which also happened to make the executives of the corporations way richer in terms of their stock options and bonuses (awarded for boosting the share value of the stock!).

And so, shazzam: I give you the one-percent! And a bankrupt United States of America.

And don’t even ask about all those bundles of janky Freddie Mac mortgages fobbed off on the Fed. The reason they did that in the first place was because those mortgages weren’t being paid off, and the banks and insurance companies that held them were choking to death on them. So they parked them in a crawl space under the Fed’s Eccles Building in Washington, hoping they would just turn to compost And guess what: they’re no more valuable now then they were then. File that one under Necrophilia.


New Paintings by JHK 2016 — 2017


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About James Howard Kunstler

View all posts by James Howard Kunstler
James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation. His novels include World Made By Hand, The Witch of Hebron, Maggie Darling — A Modern Romance, The Halloween Ball, an Embarrassment of Riches, and many others. He has published three novellas with Water Street Press: Manhattan Gothic, A Christmas Orphan, and The Flight of Mehetabel.

399 Responses to “Abracadabra” Subscribe

  1. Mountain gal December 11, 2017 at 9:41 am #

    And to “balance” the budget and deal with this mess they will do what? Cut back on Social Security? Change the retirement age to 75? Severely cut back medicare or end it? Eliminate Medicaid? Basically only stuff that isn’t a big deal to the 1% as they don’t need SS and they can afford health care without Medicare when they are older if need be. And of course they don’t need Medicaid.

    Why does this make me feel as if the 1% got the spoils and the rest of us will be left holding the bag and paying the price?

    • SteveO December 11, 2017 at 9:59 am #

      “Why does this make me feel as if the 1% got the spoils and the rest of us will be left holding the bag and paying the price?”

      Because that’s exactly what happened. Roughly 40 years of supply side (voo-doo) and neo-liberal economics reaching their logical conclusion.

      • Ol' Scratch December 11, 2017 at 10:23 am #

        Exactly right! Gotta hand to to these flimflam artists though, everything since 2008 has been the scam of the century and Obama and the Clintons were their primary bagmen.

        • FallenHero December 11, 2017 at 10:39 am #

          Should have bought bitcoin. It just keeps going up.

          • Ol' Scratch December 11, 2017 at 10:45 am #

            So does the stock market.

        • malthuss December 11, 2017 at 12:52 pm #

          But this century was only 8 or 9 years old, when the ‘@ BIG to let fail’ scam of Krugman and Greenspan, etc; happened.

    • davidreese2 December 11, 2017 at 10:28 am #

      Agree.

      You mentioned change the retirement age to 75. I’m 74 years old. I have no retirement. I’ll need to work until the day I die.

      • SteveO December 11, 2017 at 10:43 am #

        That’s what I have to look forward to as well. My retirement plan is a black plastic bad that they ripper you into.

    • TiredOfTheTreadmill December 11, 2017 at 11:37 am #

      “And to “balance” the budget and deal with this mess they will do what?”

      They will do all that you mention while increasing the Pentagon’s budget every year. Can’t look “week on defense” to the average idiots out there. Will the average idiots still believe the MIC meme that all them thar foreigners want all our stuff once this country achieves complete shithole status? I may live to find out if I don’t get sick and require care from the medical racket in the next few years.

      • TiredOfTheTreadmill December 11, 2017 at 11:52 am #

        Make that weak on defense. Just love autotype….

        • tinfoilhatted Canuck December 11, 2017 at 12:53 pm #

          Tired,

          Is it looking weak on defence, or could it be the 24/7/52/365 over the top drenching of patriotism the average Joe is immersed in? Really now, camo uniforms in all the major sports, is that REALLY necessary? How can you love/appreciate the grunts so much when you know they carry out the killing for the generals and politicians ?

          Or how about the fact the MIC has 100s of thousands of Americans working for them? That’s a lot of lifestyles directly dependant on maintaining and expanding the Empire is it not?

          No country on a Earth can threaten or likely even desires to invade. But the financial corporate empire that is USA Inc., not so invincible.

          • RB December 11, 2017 at 6:26 pm #

            Bingo. Give the man a bitcoin. It disgusts me how military people are used in sports venues particularly at golf events where they hold the #$%$%@ pin.

            As for “no country on earth can…”. Oh yes they can. In today’s PC military culture, the US military is under trained, under disciplined and led by political hacks wearing stars. Warrior ethic my ***. Americans are flim flammed on the patriotic nonsense. Their economic futures are being drained by “defense” spending and yet they stand there, hands over hearts, and accept it.

            It is a racket of the worst sort.

          • ozone December 12, 2017 at 6:35 pm #

            “Or how about the fact the MIC has 100s of thousands of Americans working for them? That’s a lot of lifestyles directly dependent on maintaining and expanding the Empire is it not?”

            tinfoilhatted,
            Just so we know the kind of numbers we’re talking, here’s a defining article:

            informationclearinghouse.info/48391.htm

            “[The DoD is] the biggest “big government” program on the planet, easily beating out China’s People’s Liberation Army in both size and cost. It is not only the “nation’s largest employer,” with 2.867 million people currently on the payroll, but it also provides government benefits to 2 million retirees and their family members. And it actively picks private sector winners by targeting billions of dollars to an elite group of profit-seeking contractors.”

            “This direct government infusion of money into a massive, complex defense industry not only benefits corporations and shareholders, but also the employees who make the tanks, planes, bombs, helmets, shoes, epaulets, bandages, pre-packed meals and just about everything else that goes into maintaining the US’s military might.”

            Hurrah, America is getting greater and ‘creating more jobs’ by the minute!

    • lsjogren December 11, 2017 at 11:37 am #

      No cuts. If our government spending proves unsustainable then it will be solved through inflation. Reduce the value of the dollar by 50% and you have reduced the debt by 50%. And it will happen without any action on the part of the govt or the fed. It will just happen.

      • DrTomSchmidt December 11, 2017 at 12:51 pm #

        See my comment below. They need to change the definition of inflation, just as they changed the definition of unemployment. So, today, we can claim record low unemployment when only 60% of the working-age population is employed (it was over 66% in 2000). You cannot just allow inflation to run (unless hyperinflation within one year, before tax brackets adjust) without changing the definition to something fake like “Chained CPI.”

        Which the House and Senate tax bills do.

        • Ron Anselmo December 11, 2017 at 1:26 pm #

          Doc,

          Good comments all, as usual. Check out the “Chapwwod Index”, a true(r) measure of inflation rather than the forever manipulated CPI.

    • Walter B December 11, 2017 at 11:49 am #

      Because that is how the system works. Technology has allowed those at the top to be even greedier and to have more (if not total) control over the slaves. After all, the “special people” can never own too many mega yachts, private islands, or mansions in the hills now can they? I do believe that just like the mighty Tulip Poplar tree, the numbers and needs of these “special people” have now grown far beyond the ability of the root system to support them. When nature takes its course, the tree blows over in bad weather and dies, and is replaced by new trees. It is the Circle Jerk Of Life and we are watching it play out before us.

    • DrTomSchmidt December 11, 2017 at 12:49 pm #

      No one is going to cut social security, or Medicare. Or, for that matter, overinflated state and Local pensions that have the State of Illinois, for the worst offender, in a hole deeper than 130Billion dollars. A court ruling has said that IL cannot reduce those dollars promised asit would violate the state constitution.

      Enter the House and Senate tax bills. Aside from the Republicans directly sticking it to Blue States (which, given how Blue States have Imposed their narrative on Red States, is fair dinkum), there’s not much in both bills that is exactly the same. Except, that is, for the switch from the current CPI to a “chained CPI” which will presumably reflect less inflation. In point of fact, it will slow tax bracket adjustment and also reduce increased SS and Pension payments, gradually eroding the value of these things to buy the things these payments buy now. It will increase real tax revenue take, and decrease real benefit expenditures, and it will solve not just the Federal unpayable pension debts but the state ones too.

      I haven’t seen much discussion of this. I think the Dems are happy to have the Republicans make this change so they do not have to, since both parties know only a bout of raging inflation can remove many of the debts that weigh down our society.

      • My Point of View December 11, 2017 at 4:47 pm #

        Social Security was always called the “third rail” of politics, i.e., to touch it was to risk a fatal jolt of electricity. But Paul Ryan went on record last week as saying once the tax ‘reform’ bill is passed that he’ll turn his attention to Social Security and Medicare in 2018.

        Ryan intends to cut those programs to pay for tax cuts to the top 1% and to please his owners, the Koch bros, whose goal for decades has been to kill FDR’s New Deal and LBJ’s Great Society.

        The Koch bros see both programs as “communism” as defined by their late father, Fred Koch, who left them a fortune and also founded the John Birch Society whose goals the Kochs intend to implement via puppets like Ryan.

        The Kochs and their network of wealthy donors ponied up $890M to win the 2016 election and they will spend like that until they die and/or we stop them by voting DEM. Spending by this cabal of plutocrats dwarfs the puny spending of George Soros, et al.

        • RB December 11, 2017 at 6:29 pm #

          If it ain’t the Kock bros, it is the Soros family. Pick your poison because that is what it is. They control the matrix. You control nothing. You are nothing. Remember that.

        • DrTomSchmidt December 11, 2017 at 11:12 pm #

          Y’know, I wrote what I wrote without researching yet. So, I googled for “Democrats oppose Chained CPI.” I got the following:

          qz.com/37500/four-reasons-why-chained-cpi-is-democrats-favorite-way-to-cut-social-security/

          “1. It’s a real benefit cut, not a nominal one. Social Security, America’s public retirement program, indexes its benefits to inflation and performs a cost-of-living adjustment when appropriate. Currently, it uses prices paid by urban workers to determine how much to add. The calculations would be similar with chained CPI, but the difference is the new measure takes into account “replacement effects.” That is, if one thing gets too expensive, like the price of beef is going up because of droughts, people don’t just keep buying expensive beef: They switch to cheaper chicken. Accounting for that kind of behavior means a slower increase in prices, and thus a slower increase in the cost of living. Slowing those benefits increases would save around $125 billion over a decade, without the political pain of cutting benefits directly or raising the access age.”

          Ryan and McConnell don’t hav to cut
          Social Security or Medicare. They just did, and did so with a tool the Democrats won’t ever repeal. It’s brilliant, in a cynical way.

          • Elrond Hubbard December 12, 2017 at 10:47 am #

            So the chain goes something like: from beef, to chicken, to codfish, to “Codd”-type (TM) “fish product”, to soya protein, to algae protein, to cat food, to Soylent Green, to Diet Soylent Green (“the look and feel of real Soylent Green, with only half the calories*!”). And finally Soylent Purple, which is that colour because it’s made from the flesh of people who couldn’t afford real Soylent Green.

            (* Half the calories you need to survive, that is.)

          • DrTomSchmidt December 14, 2017 at 6:40 pm #

            Elrond, Diet Soylent Green is my laugh for the week. If only they had a new and improved version.

    • aibohphobia December 11, 2017 at 3:30 pm #

      Don’t forget about financial repression–Another way that banks and government collude to take the value out of savings (and checking) — It is subtle but was effectively used for 20-25 years after World War II to reduce deficits, and they are trying again…
      Here’s a link;

      en.wikipedia.org/wiki/Financial_repression

    • windward December 11, 2017 at 4:31 pm #

      Here we go again. Social Security is not a government welfare program. It is not paid from the general revenue. It has no effect on the deficit.

      But the greedy wingnuts want you to believe that cutting Social Security will reduce the deficit. They have been spreading that lie for many years, because they will get richer if you believe it.

      And for some reason, most of us believe it. Please see my comments in the previous post by JHK, “Stranger Things” of December 8, for more information. I provide links to some good articles by Malcolm Mitchell and Dean Baker that explain the facts about Social Security.

      Besides, these sociopaths can’t cut Social Security. What they want to do is privatize it so that they can rake off the investment fees. That would be about 10% of the transactions. The Social Security Administration charges about 1% for the same service. No wonder these savages are slavering to get their hands on the money.

      • Elrond Hubbard December 12, 2017 at 10:51 am #

        Quite right, and over time even a small difference in fees can make a big difference in the value of an investment, including something like the social security fund. John Oliver did a segment on it last year:

        youtube.com/watch?v=gvZSpET11ZY

        Worth a watch.

        • windward December 13, 2017 at 7:21 am #

          That is a good one, Elrond. Great information and lots of laughs.
          Orlando the stock-picking cat beats the Wall Street wizards.

    • PeteAtomic December 11, 2017 at 9:03 pm #

      Good post there, Mtn. gal

      Don’t forget that while they are telling us they gotta cut SS and medicare/Medicaid that some new fighter jet or some other military toy and/or war needs trillions to fund.

    • PeteAtomic December 11, 2017 at 9:08 pm #

      Former CIA officer Kevin Shipp breaks down the Shadow Gov’t and its relationship to the deep state, which Jim K. often alludes to.

      Here is a great presentation by Shipp. It’s worth watching for an hour. He makes some very reasonable and rational arguments.

      youtube.com/watch?v=XHbrOg092GA

      He also alludes to the breakdown to social security, etc. in the video and why.

      • windward December 13, 2017 at 8:51 am #

        This “whistleblower” said that the Social Security money was “stolen.” He also appears to approve of Trump. Two excellent reasons to ignore the man. At best he is a fool.

        Also, the video is boring. Just what you would expect from someone with a vastly overblown ego and an overpowering need for attention.

        Anyone who wants a proper analysis of the deep state and modern politics should read the work of Mike Lofgren. He has a website.

        • PeteAtomic December 13, 2017 at 3:46 pm #

          I don’t know. I don’t think he necessarily approved of Trump.

          Shipp has an opinion about how the Fed Gov’t is spending (or abusing) social security. The guy is an ex-CIA officer, not an economist.

          So, take the best and leave the rest. What was most interesting was the relationships between the defense contractors and other industries with government. He had some other interesting facts and things in there, too.

          I’ll have to check out Mike Lofgren.

          You almost sound like you know Mr. Shipp personally. I’ve never met the guy. I don’t know if he has a big ego or a need for attention. I find it interesting that you say that. It seemed to me that he was simply a guy at a convention giving a presentation about a particular topic.

          • windward December 14, 2017 at 5:50 am #

            PeteAtomic, I am going off on him, not on you, which I am glad you understand.

            When the government borrows money, it issues an IOU. I guess the IOU is always a treasury bond. Money comes into the US Treasury this way all the time from many sources everywhere, including the residents of foreign countries and their governments.

            It comes in from the operators of Social Security on the same basis as it comes in from anywhere else. All of these loans are of the same quality. None of that money can be called “stolen” until the government defaults on the debt, which has never happened yet.

            Shipp is therefore lying when he says that the government has “stolen” from Social Security. He knows better, at least he ought to, but it suits his purpose to lie. His purpose is to get as many people as possible to look at him with awe, even though there is no reason for it.

            “Stolen” sounds scary, especially when it comes from a big ape who is pacing around the stage and shouting at a large crowd of people who are eager to believe anything he says.

            Well, I just can’t stand the guy, and that is only one reason. I have never met him, and I never heard of him until your post.

            On another subject:

            “…A president who would all but call Sen. Kirsten Gillibrand a whore is not fit to clean the toilets in the Barack Obama Presidential Library or to shine the shoes of George W. Bush…”

            usatoday.com/story/opinion/2017/12/12/trump-lows-ever-hit-rock-bottom-editorials-debates/945947001/

          • Elrond Hubbard December 14, 2017 at 10:15 am #

            USA Today denouncing Trump in terms calculated to get under the skin of white nationalists: it feels good, it does! But it’s yet another example of how Trump manages to drag everything and everyone around him down to his level.

    • Anon1970 December 11, 2017 at 10:05 pm #

      Millions of Americans have been voting against their best economic interests for years, perhaps because of their religious beliefs or because of their prejudices. The 1% were never enough to put Bush 43 or Trump into the White House. Now the chickens have come home to roost. In all likelihood, the safety net for the poor and near poor will become more tattered than it already is. That’s what happens when minimum wage white folks decide to vote Republican.

      • malthuss December 12, 2017 at 11:21 am #

        The Democrats did us in.
        1965.

        And Ronnie Reagan with the first amnesty.

  2. mdl17576 December 11, 2017 at 9:56 am #

    While people pour money into making Bitcoin temporarily go vertical, silver is sitting below $16/oz. I’m scooping up as much as I can get while it’s on sale. After the bubble pops and people want a non-fictional store of wealth 16 should seem cheap.

    Call me old fashioned but I like the idea of an American economy that produces tangible things that can be bought and sold with real money. Read Jim’s blog and books first, but then come to https://americareforged.blogspot.com if you want to fight to restore a real American economy

    • lsjogren December 11, 2017 at 11:40 am #

      Fiat money seems insane, but all theories of an economy that runs on “real money” seem pretty farfetched to me also. What is real money? Gold? Why? Its value is primarily just that over history cultures decided it was “valuable”. Currently the US Dollar is considered to have monetary value. Why? Not much different reason than with gold.

      • Walter B December 11, 2017 at 12:28 pm #

        The biggest problem, and what will play out to be the death of the system is that it is “fractional Reserve” at the core. It is like playing musical chairs with 45 people and 1 chair. As long as they music plays the game goes on. Once it stops, all hell breaks loose.

      • mdl17576 December 11, 2017 at 12:31 pm #

        Both Fiat and precious metals, aka real money, rely upon mutual agreement that they are valuable as currency. The thing with PMs is that creating more takes considerable effort, but creating more fist is much easier by comparison. Government money printing that disproportionately rewards those with first access to the spigot would not be possible in a pm based currency system.

      • Newton Finn December 11, 2017 at 12:38 pm #

        Bingo! All money in today’s world is fiat money, a creature purely of social agreement. Nothing real stands behind it whatsoever, merely a national and global consensus that we will treat currencies as having value, although they are “backed’ only by massive debt which can never be repaid. But that’s not bad news but good news. It means that we can create money and spend it on whatever we need or desire without worrying about natural constraints that pertain, for example, to oil, of which there is only so much that we can extract. Once we fully realize that money is unlimited so long as we agree that it is valuable, we can exercise the political will to begin to spend it on salvaging what’s left of our natural world and addressing essential human needs. And never again will that vexing and demoralizing question arise: Can we afford to do it? By creating fiat money, humanity has given itself the greatest freedom imaginable, yet so few seem able to see it. Thus we allow elites to game the system, milk the fantasy, to enrich themselves at the expense of the rest of us.

        • aibohphobia December 11, 2017 at 3:40 pm #

          Everyone who is able to buy Bitty-coins or Bullion assumes that there is a lot of surplus land, food, oil, and mazzeratis that could come their way if they can just ride the right investment to the top, and that there will be a rule of law and widespread safety when it comes time to cash in.
          The assumptions of surplus eventually prove faulty.
          We are still finding hordes of Silver and Gold coins left over from the onset of the last Dark Ages. The unlucky owners of those hordes likely starved to death because 1) there was no surplus bread, or anything to be bought; 2) As soon as they tried to buy anything at all with a gold or silver coin, they were gigged by their neighbors and/or the local warlord; 3) Anyone receiving said gold or silver immediately gets the same problem.
          Choose your Dark Age village well, my friends…

          • elysianfield December 11, 2017 at 7:01 pm #

            Phobia,
            Good comment.

      • DrTomSchmidt December 11, 2017 at 12:55 pm #

        See: the US Economy from 1820 to 1913.booms, busts, but a gradual rise in living standards and a deflation in the cost of housing, food, medicine, etc.

        Could you restore that? Doubtful. Possible. Be interesting to see someone try it somewhere on Earth.

        • malthuss December 12, 2017 at 11:22 am #

          rise in living standards —

          Germ Theory. Child Labor Laws.Etc.

          • DrTomSchmidt December 14, 2017 at 6:48 pm #

            Sewer systems paid for by increasing wealth. Balloon frame construction. Oil replacing coal replacing wood. See, no FedGov laws needed to increase living standards. And dumbshit places that didn’t care to build public water works stayed poor and infected.

    • michics December 11, 2017 at 4:26 pm #

      Yep, I’m sitting on a bunch of silver also. I’m underwater on all of it since I bought back when it was running up to $50/oz. Since that time someone created silver and gold certificates to trade without any physical metal to back them up. What was once trades based on actual physical metal is now just computer trades of paper. And the hustlers are just continuing to reap the profits. Wonder why will creep up a $1/oz over the course of a month and then suddenly drop off by a dollar. They’re cashing in and just keep printing paper. The only way silver or gold will be of any value is if we’re hit by a EMP and the lights go out. But along with this event about 90% of us will die. So what’s the point.

      • Walter B December 11, 2017 at 5:32 pm #

        There are many possible scenarios for things changing from the systems that are in effect right now. Having gold or silver on hand is only insurance for problems in the monetary systems, not necessarily in the compromising of the food supply chain or social disorder. If the USD ever loses a lot of its value die to hyperinflation or the lack of foreign interest in it as a form of payment, the PM’s will still hold their value for trade. It would be a hedge and just like the shrubbery, hedges only hold back certain assaults.

      • malthuss December 12, 2017 at 11:23 am #

        When gold is 1350 an ounce, it gets smashed.

    • RB December 11, 2017 at 6:33 pm #

      The govt is never going to allow ANYTHING to compete with ‘official’ money be it silver, gold, tulips, bitcoins or cocaine. When something becomes a threat, they (govt) act and will use the IRS and every other govt agency to neutralize the threat.

  3. pequiste December 11, 2017 at 9:58 am #

    Cue the Steve Miller:

    youtube.com/watch?v=dKCV8gzSlYw

    “I want to reach out and grab ya….”

    By the neck that is.

    The people who deserve being cut in half, on stage. are the Evil Bastards* who dreamt up this scam-o-the-ages and their stooges.

    Rothschilds, Mellons, Rockefellers, Warburgs….the whole bunch of the cabal who met down on Jekyll Island and implemented the demonic system. They were sorcerers of the highest order.

    • hmuller December 11, 2017 at 11:22 am #

      I see it as Patriots versus Globalists. The latter have the MSM in their pocket and continue to sew division, confusion, and distractions so we the people never unite and kick their asses.

      The people in the Occupy Movement and the Tea Party were really saying the same thing, but the MSM managed to blur this and portray them as adversaries. Also, it seems that any grass roots movement which cannot be easily suppressed, then gets taken over from within by slimy moles bearing money and sent by The Powers That Be.

      • Ron Anselmo December 11, 2017 at 11:31 am #

        Nail on head hmuller.

      • Janos Skorenzy December 11, 2017 at 1:59 pm #

        One side were Communists and other side Libertarian Capitalists. They are radically opposed. But of course since Communism is a project of the Capitalists and Bankers, they aren’t at the highest or deepest sense. But that’s not what you meant.

        • hmuller December 11, 2017 at 3:03 pm #

          Janos, your work to divide people along racial, ethnic, religious, and class lines plays into the hands of the Globalists. Maybe that’s just a coincidence, maybe it’s not.

          • Elrond Hubbard December 11, 2017 at 4:26 pm #

            Which of these describes Janos better?

            A. Sufficiently advanced stupidity is indistinguishable from malice.

            B. Sufficiently advanced malice is indistinguishable from stupidity.

            The correct answer is C: All of the above. It’s a false choice.

          • Janos Skorenzy December 11, 2017 at 5:40 pm #

            Hilarious. Your desire to unite everyone – no matter how incompatible – is exactly what the Globalist taught you to say. You are their talking dummy, happily sitting on their knee.

          • hmuller December 11, 2017 at 6:07 pm #

            Who is your God, Janos? He must be filled with hate and lives in a very hot place.

          • CancelMyCard December 11, 2017 at 6:26 pm #

            His god is Satan . . .

            to whom he has pledged

            his everlasting soul.

            He will never

            Rest In Peace.

            His torment will be forever.

          • elysianfield December 11, 2017 at 7:09 pm #

            Sorry guys.
            What Janos says, in many cases,has merit…separate the nuggets from the hyperbolae. It is a real mistake to consider a member of our community evil, or stupid…Janos has the temerity to say that which is not politically correct, nor endearing…but does reflect the realpolitik of our nation.

          • Elrond Hubbard December 12, 2017 at 10:27 am #

            Lest I be accused of not treating the problem of resurgent white nationalism with the seriousness it deserves, let me state that Janos clearly is evil, and clearly is not stupid. He’s quite capable of understanding the nature and import of the ideas he promotes, and to all evidence has embraced his odious values with a knowing mind and of his own free will.

            That said, elysianfield, I agree with you to this extent: as I have said before, Nazi trolls like Janos have the merit of turning subtext into text. Our worst impulses are always at work on us from within. Civilized people have learned how to bury or channel them in positive directions, but the peace and plenty we gain thereby mean we run the risk of forgetting why the rules and norms of civilization are important in the first place. Therefore it’s helpful when affirmative barbarians like him make some noise, to show us why the more difficult path still is and always will be necessary.

          • Janos Skorenzy December 12, 2017 at 1:47 pm #

            hmuller: Good fences make good neighbors. The more incompatible people are put together, the more “work” it takes – proof that they shouldn’t have been put together in the first place. Take Blacks: once they reach 30% of a school or neighborhood, they really start throwing their weight around and will drive Whites out, either consciously or just by making the quality of life so very low that it’s not worth it. Face it, we’ll never have the peace and quality of life we had when America was 90% White. And of course the Elronds thrive on conflict, and in many case make their living of it. Of course they want more minorities!

            Elrond: I can be a White Nationalist without approving of everything Hitler did and/or believed. I’m against his vision in Eastern Europe fyi. But you on the other hand, are entirely comfortable with every White Nation being browned or blacked out of existence.

          • Elrond Hubbard December 13, 2017 at 10:52 am #

            Janos: “I’m against [Hitler’s] vision in Eastern Europe fyi.”

            Duly noted. My next question is, against it on what grounds? I frankly don’t foresee your opposition having a principled basis (e.g. that aggression is a crime in itself), but rather some variation on “they should have been teaming up against the brown people”. But you could always surprise me.

        • Janos Skorenzy December 11, 2017 at 5:49 pm #

          The Russian Communists were cold and hungry and German Nationalists besieging them at Stalingrad were also cold and hungry. They had a common enemy in the Russian winter. So what were they fighting about?

          The Muslims hate White Patriarchy and the Feminists do too. Natural allies, right? More: in hmuller world, they are therefore the SAME. Feminists feel the same, even donning hijabs at times. Everyone is united against evil White Males in hmuller world.

          I get hungry and Blacks get hungry. So how are we different? Well one group might want the food the other has – but that’s only because they see themselves as different. In hmuller, everyone looks the same or will once the authorities enforce “diversity”.

          In Janos world, we answer differently cuz we see difference where difference is. We would not eat the Blacks, but they might eat us.

          • hmuller December 11, 2017 at 6:25 pm #

            I’m not quite naive enough to believe all we need is a hillside and coca cola and soon we’ll all be singing kumbaya together. But I’ve worked with enough people of different pigmentation and backgrounds to know most people are not evil and don’t want to eat me.

            Finding a way to live together is hard work. It’s clearly an effort you don’t want to make, Janos. And I wouldn’t mind it if you and the white brotherhood had your own separate segment of planet earth. But somehow I don’t think that’s enough for you. You want to spread poison and hate.

            By the way, I had an uncle in the German army taken prisoner at Stalingrad. He was lucky and released in 1949. Ask the ordinary people how much war benefits them, how much it’s their idea. War is a crime imposed on us by the psychopathic few – like yourself.

          • Elrond Hubbard December 12, 2017 at 11:24 am #

            Well said, hmuller. Doublethink is a well-known phenomenon, but I still find it remarkable to see it happen in front of my eyes. Janos is perfectly well aware what the fight between Germany and Russia was about, namely Hitler’s plan to invade, colonize, ethnically cleanse and exploit to the hilt all the lands to his east for the good, as he saw it, of his Herrenvolk. The Russians were fighting in defense against his mad, diabolical plan to visit genocide and ruin on their lands. To read Janos’ words you’d think he doesn’t know this, yet he does — it just doesn’t impinge on his awareness. This is how his ravings can bear the ring of conviction.

            youtube.com/watch?v=vn_PSJsl0LQ

    • patrickd December 11, 2017 at 11:58 am #

      You nailed it, pequiste. Apparently this scam and exploitation has been going on for five centuries, based mainly on white supremacy, from what I’ve read, although the 99.999% are white, so there’s that. But the colonies were non-white, and today’s proxy terrorism is white against non-white, all to steal human and natural resources. Lamp post justice and stage shows… I can hardly wait.

      • Janos Skorenzy December 11, 2017 at 2:02 pm #

        So why don’t you get a rope and find a lamppost? Why wait? You can do it yourself. Oh you think the Blacks and Browns are going to see you as one of the good ones? You’ve never been in a riot I guess. Or have had much contract with real minorities and experience their hatred.

        • Janos Skorenzy December 11, 2017 at 2:35 pm #

          “The colonies were non-white” – just contemplate that. Your tax dollars creates minds like this.

      • Janos Skorenzy December 11, 2017 at 2:38 pm #

        The Full BLM kidnapping and torture video of a disabled, young White man. Enjoy.

        amren.com/news/2017/12/woman-pleads-guilty-hate-crime-beating-disabled-teen-live-facebook/

        The Judge gives her community service. Yes, another Black. Imagine if the races were reversed. Kdog would be frothing on cue. But since Whites are the victim, they don’t care and since they don’t care, the SJW’s don’t either.

  4. Ron Anselmo December 11, 2017 at 10:01 am #

    Jim,

    Great post, as always. Keep up the good work.

    Ron

    • davidreese2 December 11, 2017 at 10:30 am #

      Heartily second that. This is one of Kunstler’s greatest posts.

  5. chipshot December 11, 2017 at 10:05 am #

    This is one reason why the battle lines must be changed from D vs R,
    left vs right, liberal vs conservative to the 99% vs the 1% (.1% really).

    MSM and the two parties will work hard to see this doesn’t happen.
    It’s imperative bloggers like JLK, independent journalists and Youtube channels like Jimmy Dore, and millennials embrace such a shift.

    • Ron Anselmo December 11, 2017 at 10:10 am #

      It was tried already. Remember the “Occupy” Movement. They buckled and got crushed. No staying power. Everyone is back to sleepwalking.

    • JMR December 11, 2017 at 10:45 am #

      What you’re describing is revolution vs civil war. We don’t have a desperate enough population in the US for revolution yet. Everyone is too well fed and still making enough to get by somewhat comfortably at least (or on the dole with just enough to stay complacent). It’s going to have to get much worse before the 99% decide they’ve had enough of the 1%’s games. That will only happen when the 99% feel they have nothing to lose.

      • Ron Anselmo December 11, 2017 at 11:04 am #

        Agreed JMR. Well put. There is already talk of a “universal income” precisely for that reason. The writing is on the wall. As robotics & AI replace workers, there will have to be something for them to be able to buy groceries, as they’ll be unemployed & hungry. As long as there’s gruel for them, they’ll stay complacent. Me personally – I don’t like gruel.

        • elysianfield December 11, 2017 at 11:51 am #

          “Me personally – I don’t like gruel.”

          Ron,
          They say you can get more flies with honey than with vinegar, but if you pull their wings off, you can get them to eat anything you want….

          Embrace the gruel, and learn to love it.

          Hard times, they say, will make a monkey eat red peppers….

          • Ron Anselmo December 11, 2017 at 3:13 pm #

            Elysianfield,

            Missed my point – I’m no stranger to hard times. I’ll embrace ground up twigs and learn to love them, before I will ever be placated by a handout of any kind, meant to keep me bent to a master’s knee. I try to teach my sons (tomorrow’s young lions) the same thing. Your points are well taken – Thanks.

            Ron

      • Kawika December 11, 2017 at 6:58 pm #

        Every revolution in history was initiated by the middle class, specifically a disappointed and enraged middle class, since the poor never rebel and the rich have no reason to. This is what propelled Trump into office and will direct the course over the coming years as well. If these voters start to feel that Trump sold them a lemon, which it seems he may have done, their rage will be felt again in 2020.

  6. My Point of View December 11, 2017 at 10:09 am #

    To simplify, the rich will get way richer; and fuck you to the rest of us.

  7. K-Dog December 11, 2017 at 10:13 am #

    My cut finger only cost $4000.00 not six. $1300.00 a stitch. A bargain.

    All the mighty efforts of central bank authorities to borrow “wealth” from the future in the form of “money” — to “paper over” the absence of growth — will not conceal the impossibility of paying that borrowed money back. The future’s revenge for these empty promises will be the disclosure that the supposed wealth is not really there — especially as represented in currencies, stock shares, bonds, and other ephemeral “instruments” designed to be storage vehicles for wealth. The stocks are not worth what they pretend. The bonds will never be paid off. The currencies will not store value. How did this happen? Slowly, then all at once. – JKH September19, 2016

    The all at once part must be getting pretty close.

    • stelmosfire December 11, 2017 at 11:09 am #

      K-Dog, next time use super glue, $1.89 a tube. Works great. I have used it many times.

      • Ron Anselmo December 11, 2017 at 11:26 am #

        Shame on you. Then how will the medical predators pay their golf club memberships?

        • K-Dog December 11, 2017 at 11:44 am #

          They don’t call it the medical practice for nothing.

      • K-Dog December 11, 2017 at 11:43 am #

        The story was that I was just going to keep it taped up but Mrs. Dog made me show it to her and had a fit since it was, well, just like an X-acto knife had sliced it. Which it had.

        It was small enough to keep closed but keeping it from opening again over the next four days would have been janky. It was deep.

        • elysianfield December 11, 2017 at 11:53 am #

          Dog,
          The car I drive is not worth four grand.

          • K-Dog December 11, 2017 at 3:33 pm #

            I’m sure the Doc who stitched my finger can’t say the same thing.

  8. ozone December 11, 2017 at 10:27 am #

    Great missive, Mister Jim! Thanks for revealing the Grand Finale trick (or, “illllllluuuusion”, as they like to say). Very instructive. I wonder if the Federal Reserve Notes are printed on flash paper?

    “Anyway, the audience ‘out there’ for the Federal Reserve’s magic act — x-million people preoccupied by their futures slipping away, their cars falling apart, their kid’s $53,000 college loan burden, or the $6,000 bill they just received for going to the emergency room with a cut finger — wouldn’t give a good goddamn even if they knew the Fed’s magic show was going on.” — JHK

    This is where ignorance is shown to be an actual danger; the scariest, bated-breath part of the show.

    • ozone December 11, 2017 at 10:49 am #

      After cogitating on this for a short bit, we can see why other sovereign nations have been looking for a work-around that cuts the fraudulent U.S. petro-buck out of the equation (not to mention the arbitrary protectionism of ‘sanctions’ protocols).

      zerohedge.com/news/2017-12-10/russia-may-turn-oil-backed-cryptocurrency-challenge-sanctions-petrodol…

      Russia, Iran and Venezuela… hmmmm… Nothing up my sleeves; {wavy-wavy with magic wand}; Alakazooot!… new axis of e-ville!
      Let the false flags roll on out. Busy, busy, busy.

      • Ol' Scratch December 12, 2017 at 6:27 am #

        Cogitating? For hell’s sake, don’t do that in public! They’ll arrest you as a sex-offender!

        • Elrond Hubbard December 12, 2017 at 12:23 pm #

          Or exacerbating, either. My dad caught me exacerbating once, and he was sooo mad. “So help me,” he said, “don’t ever let me catch you making a bad situation worse again!”

          Thanks, I’ll be here all week.

      • cbeard December 12, 2017 at 8:51 am #

        I wonder what happened to the BRICS coalition that was in the news a few months ago. Haven’t heard about it lately.

  9. robert magill December 11, 2017 at 10:28 am #

    Jim’s article cannot be read under Gaslight so the readership is tiny. 

  10. Ol' Scratch December 11, 2017 at 10:38 am #

    Great post to day Jim. I especially like the alternative universe concept. Gonna have to work that one into my next diatribe about the Ponzi scheme that we semi-affectionately refer to as “money.”

    Picturing J-Yell coming down the chimney with a steaming bag of chocolate BitShit for all the good little millennial girls and boys brought a chuckle too. Unlike Lil Deb’s Snack Packs, they’re a totally guilt free pleasure, though. Try to eat them and they vanish into that same alternative universe from which the dollars come and go. No calories – virtual or otherwise – whatsoever!

  11. Elrond Hubbard December 11, 2017 at 10:44 am #

    Bitcoin on track to topple global economy in five months

    macrobusiness.com.au/2017/12/bitcoin-track-topple-global-economy-five-months/

    “It’s now doubled in 21 days:

    “It’s approaching 300bn market capitalisation now. So at the current rate of growth it will surpass the $79tr global economy in value in roughly five months.”

    “It” is Bitcoin, of course. Click through to the article, since it’s largely graphs that tell the story.

    “I am Locutus of Bitcoin. All your electricity are belong to us. Resistance is futile.” Clearly, this is completely sustainabl.

    • Ol' Scratch December 11, 2017 at 10:52 am #

      Not surprising. There’s a futures market for it now, so it’s merged with mainstream HFT casino operations, greatly increasing the speed and efficiency of the bubble blowing operations.

      LOL! But it’s different this time. No really! It’s really different this time!

      Easy come, easy go!

      • malthuss December 11, 2017 at 5:58 pm #

        How can someone indirectly speculate on BC?

        • Ol' Scratch December 12, 2017 at 6:26 am #

          Options of whatever type. But you’d probably have to go big to get in on it at all. Not sure there’s any room left for small guys. But you’re already late to the game, so why bother? Only the suckers rush in after the trends are clearly established, and BitShit (BS) is definitely clearly established now. The herd/flock is chasing it with a vengeance.

          • malthuss December 12, 2017 at 11:16 am #

            thanks

          • malthuss December 12, 2017 at 11:29 am #

            “According to Bloomberg, about 1,000 so-called “whales” control 40% of the bitcoin in circulation, giving them unrivaled leverage over the broader market.

            And because there are no laws explicitly banning collusion in digital currency markets, only the most blatant pump-and-dump operations risk being prosecuted as fraud.”

            Well, well, what could *possibly* go wrong with this… or have any effect whatsoever on bitch-coin valuations?
            zerohedge.com/news/2017-12-08/bitcoin-has-whale-problem-1000-investors-control-nearly-half-market

  12. amb December 11, 2017 at 10:46 am #

    Most all the people don’t understand how our monetary system works. They don’t understand the actual function of The Federal Reserve.

    The government’s spending is trending upwards. It is flowing more money into the economy. The Fed’s unwinding is now putting assets that generate income back into the economy–again, more money into the economy. Both will cause significant inflation. The deflationary phase that started in 2007 is coming to an end.

    The US Bond Market (US notes, bills and bonds) is the largest “vault” (and safe haven) for countries, institutions and individuals to park their wealth. It isn’t the debt of the American people. It contains assets, thus it is wealth. The 20+ trillion of the “national debt” is all the money that the US government has spent since its inception.

    Only 5% of our “money” is in hard currency. The other 95% is credit; digits on a computer screen. The whole amount rises and falls as debt is retired and new debt is created.

    If the government doesn’t “spend” out into the economy then there will not be any money in the economy to facilitate productivity, pay taxes, etc.

    • Ol' Scratch December 11, 2017 at 11:01 am #

      Trouble is, the only “spending” is going into the coffers of the big banks or MICC corporate operations, where it stays at the executive levels, while most of it never trickles down into the actual economy and creates jobs where real people live and work. And the ending of the deflationary phase simply mean that asset prices are once again(!!!) inflated far beyond any a reasonable value, which combined with stagnant or lower wages and fewer and shittier jobs, means most working class people are just barely hanging on. Other than that, I guess everything’s just fine.

      • amb December 11, 2017 at 11:14 am #

        I was not alluding to the fact that “everything is just fine”. Just laying out my understanding of what the reality is. The results, negative ramifications, unintended consequences, etc. from our current monetary system and its actions are seen, and more is yet to be seen over the decades. I don’t think it is a good system.

        • amb December 11, 2017 at 11:21 am #

          As an aside…
          Public Enemy #1 is Congress.
          Public Enemy #2 is The Supreme Court.

          These anti-American groups are the cause of most all the corruption and perversion of our government and country.

          • Ol' Scratch December 11, 2017 at 12:27 pm #

            You’re on a roll brother! Sing it loud!

          • bibliomaniac December 11, 2017 at 11:02 pm #

            “There is no distinctly American criminal class–except Congress.”–Mark Twain

      • malthuss December 12, 2017 at 11:27 am #

        Trouble is [to use amb s term] the ‘money’ is 0000s on a computer and greenbacks.

  13. GhostOfHam December 11, 2017 at 11:10 am #

    Check out Mike Maloney’s video
    youtube.com/watch?v=iFDe5kUUyT0

    Its along the narrative you’re writing about.

    Beyond that video: Everyone should come to the knowledge of the word USUFRUCT

    en.wikipedia.org/wiki/Usufruct

    Get it? The yoke’s on you.

  14. volodya December 11, 2017 at 11:25 am #

    America’s chief counterfeiting organization (the Fed) is doing nothing more than shoveling funny-money at mega-corps whose CEOs ought to know better. OUGHT to know better given the expensively “educated” MBAs infesting the system like ticks. No, sadly, this financial shit-show is just the latest in a long line of laughable fails foisted by the Idiocracy. Making shit up and hoping it flies seems to be the Idiocratic approach to a long line of problems.

    You have to admit though they think big. Given that the numbers are more in the realm of cosmology than Earth bound reality, the Fed makes Bernie Madoff look like a back-room poker cheat. But close your eyes and sip the Kool-Aid and try not to think too much and it sounds good, especially the oracular Chauncey Gardiner Greenspan. Did anybody really know what the fuck he was talking about?

    No matter, they lie, they use a lot of ornate jargon to make it sound good. And then they buy expensive hooch and drink themselves to oblivion to avoid thinking about what they just perped. Or maybe that’s what a half-way normal person would do.

  15. lsjogren December 11, 2017 at 11:34 am #

    Not having studied economics, a fiat money central bank system seems utterly incomprehensible to me.

    If I HAD studied economics, it probably still would be.

  16. FincaInTheMountains December 11, 2017 at 11:38 am #

    And to “balance” the budget and deal with this mess they will do what? Cut back on Social Security? == Mountain gal

    Anybody got any better ideas how to solve US financial conundrum?

    I (and Trump) do, and this plan will start getting implemented in 2018.

    But before I describe it, I’d like to give the “natives” the opportunity at guessing what this plan is.

    • daveed December 11, 2017 at 12:21 pm #

      “And to “balance” the budget and deal with this mess they will do what? Cut back on Social Security? == Mountain gal

      Anybody got any better ideas how to solve US financial conundrum?

      I (and Trump) do, and this plan will start getting implemented in 2018.

      But before I describe it, I’d like to give the “natives” the opportunity at guessing what this plan is.”

      1) Play more golf?

      2) Act crazier than in 2017?

      3) Imprison Social Security recipients?

      4) Put more Russian Oligarch-ophiles in his Cabinet?

      5) Attack the enemy du jour (North Korea, Iran, Seychelles)?

      6) Push the Red Button?

    • Ol' Scratch December 11, 2017 at 12:25 pm #

      Does Uncle Finca have a surprise for us? Goody, goody, I can’t wait! Please don’t tell us we have to wait until Christmas to open it Uncle Finca!!!

      What I want for Christmas: The most obvious way would be to simply repudiate it and eradicate the Fed. Then issue US Government Treasury notes to replace the Fed’s, and rename the debt as what it actually is: the money supply.Then tax the living shit out of the rich, the corporations, and everyone associated with Wall St in any shape manner or form, while ending the corporations’ legal personhood status, and begin investing in actual public infrastructure to get people working again, provided they can find anyone who still actually wants to these days. Oh, and reign in the deep state and stop all of this GWOT nonsense, then begin the long and arduous process of prosecuting and hanging all the lying, traitorous bastards that brought it to us in the first place. Not much to do, is there? Needless to say, none of that will never happen, of course.

      • FincaInTheMountains December 11, 2017 at 2:15 pm #

        Sorry, Scratch, close, but no cigar!

        Hint: Obama instantiated Financial Control for….?

        • Ol' Scratch December 11, 2017 at 5:06 pm #

          The Pentagon is too big to touch Finca. Any politician or large group of politicians stupid enough to fuck with the deep state so directly would get what Kennedy got without the pretense of a lone assassin cover-up. Matter of fact, expunging DoD debt records were one of the major factors behind 9-11.

      • pequiste December 11, 2017 at 2:27 pm #

        A nicely encapsulated comprehensive solution there, Scratch.

        John Fitzgerald Kennedy is thought to have challenged the Money Masters with the issuance of Red Seal United States Notes.

        file2.answcdn.com/answ-cld/image/upload/w_760,c_fill,g_faces:center,fl_lossy,q_60/v1401541292/kggefz…

        Look what it got him.

        Problem is that darned Zapruder briefing that everyone gets before being placed in a position of high federal governmental power.

        NO one has the cojones to do it, yet. Need an economic catastrophe with Martial Law to get that sort of action accomplished.

        End of the Petro-dollar peut-etre?

        • Ol' Scratch December 11, 2017 at 5:01 pm #

          Exactly on all counts pequiste!

    • robert magill December 12, 2017 at 2:57 pm #

      He plans to extend B&R to Alaska and thence entire Western Hemisphere.

  17. Walter B December 11, 2017 at 11:40 am #

    I believe that most of us here know what money really is and what it does. It is a carrot on a stick, a cat o nine tails on your back, a cheese wad on a mouse trap. It is whatever tool that works to get human beings that are dumber than you to do everything for you allowing you to sit back and be served. People in mass have no idea what money is, but they know that they lust for it above all else, and they are willing to do ANYTHING to get more of it. These two important “truths” have been burned into their souls from a system that breeds them to be controlled. The greed of those at the top is now so rampant that every source of money must be tapped by those who can never get enough. They will eventually turn to any and every asset , savings, or pension/retirement source that the masses may still have and raid it to whatever extent they can get away with. Paychecks will continue to dwindle (the media never really goes there does it) and once the ability of the “middle class” to support any lifestyle they can settle for, they will simply go away. It is why the government has been working so hard on importing masses of primitive replacements. Replacements who consider themselves fortunate to be able to eat every day and provide menial labor for the wealthy masters. Greed destroys everything and it will destroy this nation too.

    • FincaInTheMountains December 11, 2017 at 11:41 am #

      Nope, that’s not it!

      • Walter B December 11, 2017 at 11:57 am #

        I am not discounting the idea that it originally served as a means of exchange and a store of excess value, however it has mutated far beyond such benevolence.

  18. Bro Jobe December 11, 2017 at 11:45 am #

    JHK in fine form and on firmer ground than last week. Yes, this is the crisis looming that will eclipse all the Russiagates and Fondlegates and outcries over Monuments to dead white dudes.

    No one will bail us out this time. The Chinese? Um, no. They could rightly say “you did it to yourself, fat boy. Go eat your big SUV and Jet Ski.” They’d hurt mightily, too, when our economy unravels. But a police state can use state violence and starvation rationing to keep the populace in check until the storm abates. Starve 30 million peasants, as Stalin did in the 30s? No problems. No body, no problem.

    Here? It’s going to be Bullettown, everywhere: Mad Max until we run out of gas after a few weeks.

    • FincaInTheMountains December 11, 2017 at 11:48 am #

      No Mad Max, there are somebody who is just dying to bail US out. All you need to do is to ask nicely.

      • Walter B December 11, 2017 at 12:06 pm #

        Perhaps, but wealthy old Uncle Ernie will extract a stiff price for such a purchase, will he not?

        • aibohphobia December 11, 2017 at 3:49 pm #

          Almost right. You need to substitute ‘insert’ for ‘extract,’ and an entirely different non-antonym for ‘price’ to make it work…

          • Walter B December 11, 2017 at 6:47 pm #

            Ah, you were wise enough to see the motive behind my choice of “Uncle Ernie”, fiddle about…

  19. capt spaulding December 11, 2017 at 12:26 pm #

    Relax, the Republicans are on the way to fix everyone’s problems. They will do it by giving the majority of tax breaks to the corps., & the 1%ers. As far as that pesky extra trillion plus we’ll add to the debt, the resulting flood of wealth will offset the debt and raise us to new heights of prosperity. Remember when “W” and the boys predicted the same thing back in 2000? Well lucky you, they’re about to do it again. It’s a shame that people have the memory of a fruit fly, otherwise they’d see through this bullshit. Honest to God, I can’t believe how many of the politicians buy into this stuff. The truth is that they are so corrupt by now, that they have given any pretense of sanity, & will nakedly give away everything to the 1%. I have to walk away from people who actually believe this stuff. They are either delusional, or they have a vested interest in believing this will work. Sorry, but the ship is going down. I’m doing what I can to lessen the impact on those I love, but it’s every man for himself now.

  20. Htruth December 11, 2017 at 12:34 pm #

    The Banksters Trump The Citizenry: youtu.be/-G-juMJtg7A

  21. amb December 11, 2017 at 12:47 pm #

    The Fed Reserve isn’t evil. Congress is evil. All of the false information and conspiracy data (e.g., Creature from Jeckyll Island, etc.) just confuses and misdirects the people from the truth.

    All of the analysts, advisors and staff of The Fed understand the monetary system and how it works. It’s the academics… Yellen, Bernanke, Greenspan, et. al. that are clueless and have no understanding of basic economics, monetary system, etc. And… they are the decision-makers. God help us.

    The Fed Reserve wasn’t such a bad concept when originally created. Its purpose was to buy the corporate paper up of businesses whenever there was a panic/recession/depression in “the business cycle” so that the companies could stay afloat, make payroll, etc. so as to weather the storm and eventually get back into action as the economy repaired itself. And, then these companies would pay The Fed back.

    The created the different Federal Reserve districts or regions so that the Fed Reserve Governors could watch over different sections of the economy and address any panics or recessions in the area they were occurring.

    Congress changed this mandate when the wars came (WWI, WWII) and ordered The Fed to only buy US Treasuries in order to support the government and war effort. And…

    they never ended the mandate and switched The Fed back to the purpose it was created for. Again, there is Congress for you (a misguided group of thieves and criminals).

    • Ol' Scratch December 11, 2017 at 1:17 pm #

      Hmm… Handing over “We The People’s” money supply to an opaque cartel of international bankers, who then charge us interest for the privilege of making money off us? Is that idea related to “the new math” that we used to hear about all the time? So “new and improved” that only a banker or a shyster (actually, that’s a trick phrase, they’re one and the same) could get it?

      You don’t by chance run with janet’s crowd, do you? If you happen to be working the same shift with her, send her a big hello for me and all the Clusterfuckers here. We all miss her so much! Lil Snack Pack too!

      • amb December 11, 2017 at 2:37 pm #

        Ol’ Scratch —

        Like so many others, you show your ignorance here. You don’t even understand that The Fed pays all of its profits, minus its operating expenses, to the US Treasury every year. The Fed is not an international cartel of bankers. It is an institution created by Congress and all of those banks are just members… they don’t make profits or income off of the US government.

        I am an American citizen, born and raised here. I run a private money lending business that services real estate investors (purchases, refi, rehabs and new construction). My business helps to stimulate the economy by maintaining and creating jobs, and facilitating business transactions.

        Ethical bankers and lenders furnish capital for productive ventures to help build and stimulate the economy and GDP, research, innovation, etc. Without credit we would never have made much progress in this country. This country was built on credit. If credit is used based on the laws of economics, morality and ethics it is a positive thing. Not ALL bankers are evil.

        I have nothing to do with the government, The Fed, etc. I am anti-government and would like to see this corrupt and unworkable system be flushed down the toilet. And all of the perpetrators imprisoned. Anyone in the system, condones the system, and to me is also culpable.

        • Ol' Scratch December 11, 2017 at 4:59 pm #

          Wow! Not surprising that you’re in too deep to see your own ignorance. You obviously either have no clue whatsoever about the Fed and the big picture racket they are running or you’re another one of the paid shills who hang out here. In Congress’ defense, they’re just too damn stupid to hatch a multi-generational plot like the Fed, although they’re damn sure smart enough to get in line and feed at the trough.

  22. Janos Skorenzy December 11, 2017 at 1:12 pm #

    Germany had no gold post WW1 – the “Allies” had stolen it all as “reparations” or War Booty. So did they Abracadabra their money system, creating it out of nothing? No, they based it on the brains and brawn of the German people. That’s wealth indeed – Social Credit on steroids.

    This is the System that had to be destroyed before it spread to other countries. The Secret must not get out: that the Parasite Bankers are simply not needed. You need them like you need a hole in the head. And that’s what you get as they try to conquer the World with their fraudulent debt based system.

    This is the system for which Ezra Pound was put in a cage for defending. Then transferred to St Elizabeth’s for a decade as a mad man. Google Social Credit. In the English speaking world, a man with the last name Douglas is the chief theorist. The Germans had their own architect, not sure if he was influenced by the latter or not. It’s pretty simply once you get out from under the parasite propaganda.

    • FincaInTheMountains December 11, 2017 at 2:25 pm #

      Janos got it right!

      Germans used the old Chinese invention (as Stalin did) – the multi-contour money system – one contour for personal consumption, another for industrial infrastructure, yet another for foreign trade.

      But that is not what I was talking about in my little puzzle. United States got another Klondike-in-waiting, and it is yuuuuuge!

      • Ol' Scratch December 12, 2017 at 6:20 am #

        I always said that Janos was precocious for his age.

    • malthuss December 11, 2017 at 6:06 pm #

      DONT Google–You use Google?

  23. Robert White December 11, 2017 at 1:41 pm #

    ‘Janky Freddie Mac’ has some company in terms of Sally Mae who issues Student Subprime Loans that are actually way more ‘janky’ than the stuff Freddie is peddling as grade AAA sirloin when in fact it is merely Halal chicken that should be rated as a worse investment given that overrated ‘AAA’ MBS is actually a better investment than the Sally Mae Halal meat. Furthermore, there are multitudes of investors that went all in [long game] on the QE Infinity Wind-up knowing that there would eventually be a QE Infinity Wind-down somewhere along the line. This means that the market participants opted in on the policy implications of QE Infinity long term so that everyone could participate in the Neo-Greenspan Put that Mr. Yellen
    promulgated throughout his tenure. The wind-down is now slated, and Mr. Yellen will disappear back behind the curtain where the Great & Powerful Oz works the levers of power on K-Street in DC.

    Note: Everyone knew the unwind was slated back when it was started. Moreover, everyone knows that all nations in the Western Empire of Fractional Reserve Banking have painted themselves into a corner on the unwind & windup of QE Infinity, but what most fail to recognize is that that retired cocksucker Alan Greenspan gave us the perennial ‘Greenspan Put’, and that all future Central Bank governors have zero ability to engineer the old ‘Greenspan Put’ into anything but the ‘Greenspan Put’ in perpetuity.

    P.S. Love the article this week, JHK. Great skepticism IMHO.

    RW

  24. FincaInTheMountains December 11, 2017 at 1:58 pm #

    No takers? A little hint:

    2,400 Auditors Are About to Descend on the Pentagon

    newser.com/story/252642/for-1st-time-ever-pentagon-is-getting-audited.html

    • pequiste December 11, 2017 at 2:14 pm #

      Will the (accountant’s) pen prove mightier than the sword?

      I doubt it. The boyz and girlz down at the Puzzle Palace got the muscle.

      • FincaInTheMountains December 11, 2017 at 2:18 pm #

        And who got the control of the nerve that makes the muscle contract?

        • capt spaulding December 11, 2017 at 2:52 pm #

          Sounds like an orgasm to me.

          • FincaInTheMountains December 11, 2017 at 3:11 pm #

            Yeas, thank you, that is more adequate visual for the American audience.

    • Ol' Scratch December 11, 2017 at 4:52 pm #

      The Pentagon’s a great place to start Finca, but it’s still just the tip of the iceberg. And auditing them will do no good anyway, as the graft that funnels through the Pentagon originates in much higher places.

      • FincaInTheMountains December 11, 2017 at 4:59 pm #

        Whatever places it originates in is not that important, much more important is to know where it ends up.

        • Ol' Scratch December 12, 2017 at 6:19 am #

          It ends up with people whose names are never spoken publicly. Strike “originates” above, and replace it with “ends up.”

  25. wm5135 December 11, 2017 at 2:13 pm #

    FincaInTheMountains – No takers? A little hint:

    Here’s a hint – people from the same discipline who cannot find any inflation significant enough to measure are going to audit the pentagon with less vigor than the snipe hunters pursuing inflation, and find a balanced set of books.

    Wink – I think you should colorize this in some fashion.
    wm

    • FincaInTheMountains December 11, 2017 at 2:30 pm #

      You want some colors? Sure:

      F-35 helmet costs $400,000 — 4 times that of predecessor
      newser.com/story/252642/for-1st-time-ever-pentagon-is-getting-audited.html

      How come Russians make the same helmet for mere $500?

      • akmofo December 11, 2017 at 3:50 pm #

        It easy when your R&D costs are near zero, or whatever is it for a USB flash card.

        • FincaInTheMountains December 11, 2017 at 4:56 pm #

          Well, in that case it speaks highly about the quality of Russian intelligence operations.

          And by the way, who works in American labs – red-blooded Americans exclusively?

          • akmofo December 11, 2017 at 5:34 pm #

            True. But without R&D you can’t really evolve an industry. You’ll always be playing catch up. I think Russian talent is much better served innovating rather than stealing from others.

          • akmofo December 11, 2017 at 5:35 pm #

            Btw, USB flash card is an Israeli innovation.

      • elysianfield December 11, 2017 at 7:25 pm #

        “How come Russians make the same helmet for mere $500?”

        Finc,
        They do, but their look/shoot/kill system is lacking.

  26. amb December 11, 2017 at 2:42 pm #

    We are evolving. Slowly.

    Greed, corruption and violent force are the causes for the death of empires.

    The US is unwittingly duplicating and following this old pattern and is on trajectory for failure.

    Same as it ever was.

    • FincaInTheMountains December 11, 2017 at 2:47 pm #

      Well, it’s not all that hopeless. Look at Putin – he’s facing similar problems, of course, not on such magnificent scale.

      • Walter B December 11, 2017 at 3:25 pm #

        There is no hopelessness in collapse of empire my friend for the destruction of one man’s empire brings freedom for many others. The unfair, cruel and oppressive nature of empires has historically only been solved by destruction of the tainted system, either from within or from without, and usually by both simultaneously. Just as in all life, death is inevitable, the end still brings hope for rebirth. Sometime things grow so old and so decrepit that they really need to go away and allow for a fresh start. No, actually this is ALWAYS necessary.

        • FincaInTheMountains December 11, 2017 at 4:42 pm #

          Did you read the Foundation by Isaac Asimov?

          Crash of Empire bring enormous suffering to the peoples inhabiting it. What good did the crash of Western Roman Empire bring to the peoples?

          Empire, built on Christian principles is not the worst thing in the world, Roman Empire while it lasted was better than to some extent Fascist Roman Republic.

    • FincaInTheMountains December 11, 2017 at 2:51 pm #

      If in Russia up to 50% of the Federal budget gets inappropriately “appropriated”, I’d say in US that figure reaches as high as 70%.

  27. FincaInTheMountains December 11, 2017 at 3:04 pm #

    Don’t get me wrong – military misappropriations is just one part of the puzzle, there is pharmaceutical-medical-insurance industrial complex which is dying for proper application of the existing anti-trust laws.

    And, there are juicy offshores, for crying out loud – and they all under intimate NSA surveillance.

    Thank you, President Obama!

    • Ol' Scratch December 12, 2017 at 6:16 am #

      Now you’re making some sense.

  28. amb December 11, 2017 at 3:48 pm #

    Ol’ Scratch —

    Like so many others, you show your ignorance here. You don’t even understand that The Fed pays all of its profits, minus its operating expenses, to the US Treasury every year. The Fed is not an international cartel of bankers. It is an institution created by Congress and all of those banks are just members… they don’t make profits or income off of the US government.

    I am an American citizen, born and raised here. I run a private money lending business that services real estate investors (purchases, refi, rehabs and new construction). My business helps to stimulate the economy by maintaining and creating jobs, and facilitating business transactions.

    Ethical bankers and lenders furnish capital for productive ventures to help build and stimulate the economy and GDP, research, innovation, etc. Without credit we would never have made much progress in this country. This country was built on credit. If credit is used based on the laws of economics, morality and ethics it is a positive thing. Not ALL bankers are evil.

    I have nothing to do with the government, The Fed, etc. I am anti-government and would like to see this corrupt and unworkable system be flushed down the toilet. And all of the perpetrators imprisoned. Anyone in the system, condones the system, and to me is also culpable.

    • FincaInTheMountains December 11, 2017 at 4:32 pm #

      You’re right – he FED pays 100% income tax to to the US Treasury, everybody conveniently forget this.

      But FED, being the most powerful financial institution, has a lot of other tools at its disposal to channel the money flow where it see fit – to Primary Brokers, for example.

      Take the Japanese yen carry-trades – the issuer collects the difference between say 6% mortgage loan in US and 2% in Japan, minus cost of ForEx puts on the Japanese yen – and pockets the difference for entire 30 years HERE AND NOW – that’s a lot of money out of nothing.

      • Ol' Scratch December 12, 2017 at 6:15 am #

        Umm, profits and taxes come after all of hogs at the trough (on the payroll) first take their cut. And the Fed’s primary purpose isn’t to make money itself it’s to control the money supply, and this control US policy! Nice try, dissemblers.

        So Finca, I take you were one of the opportunistic Russians who got out with a bundle of cash before Putin came in and slammed the gates on your types? No one loves a lackey more than the rich and powerful (the capitalist class), and I guess you’re taken that lesson to heart. Their time is almost over. You’d better get ready to go on the run again.

        Nothing, and I mean NOTHING, the Fed does couldn’t be done at least equally well by the US Treasury, possibly even with the self-same bankers, working as civil servants, albeit at GREATLY reduced salaries and influence. Why is that so hard to understand? “It’s extremely hard to make a man understand the truth of something when it threatens his very livelihood.” Or, “NEVER get between a dog and his bone.”

        Same as it ever was!

        • ozone December 12, 2017 at 9:44 am #

          Ol’ Scratch,
          For someone who has a seeming compulsion to reply to any and everything (although mostly fantasy “answers”), there’s no response to that one. Must have hit a nerve down on the ol’ finca de Dominica.
          Moooo.

          • Ol' Scratch December 12, 2017 at 11:11 am #

            ‘Zone,

            Finca performs his daily ganja and grain alcohol meditations until the late afternoons, after which he posts his evening wild flights of fantasy.

  29. janet December 11, 2017 at 4:00 pm #

    “Congress is evil.” –amb

    Not all of Congress. Some members are independents, do not belong to either major party, and have called for independent audits of the Fed. Bernie Sanders, for example:

    Sanders Supports Audit the Fed Bill
    Tuesday, January 12, 2016
    WASHINGTON, Jan. 12 – Sen. Bernie Sanders (I-Vt.) issued the following statement after voting in favor of legislation to audit the Federal Reserve:

    “Too much of the Fed’s business is conducted in secret, known only to the bankers on its various boards and committees. In 2010, I inserted an amendment in Dodd-Frank to audit the emergency lending by the Federal Reserve during the financial crisis. As a result of this audit, we learned that an institution that was created to serve all Americans had been hijacked by the very bankers it regulates.

    We must expand on that first review of the Fed’s activities. Requiring the Government Accountability Office to conduct a full and independent audit of the Fed each and every year, would be an important step towards making the Federal Reserve a more democratic institution that is responsive to the needs of ordinary Americans rather than the billionaires on Wall Street.”

    • amb December 11, 2017 at 4:24 pm #

      Oh Lord. Bernie Sanders is a SOCIALIST = idiot. I stand by what I say. Anyone in the system is in collusion and condones the system. The system is unworkable… destroyed by corruption and perversion. It has to die and a new one (hopefully an optimal one) needs to be created.

      Auditing The Fed is the least of our problems. This country has so many more priorties.

      • Elrond Hubbard December 11, 2017 at 4:35 pm #

        If auditing the Fed is a bad idea because Bernie Sanders the Socialist Idiot is in favour of it, then what would make it a good idea? While we’re all waiting for the revolution, I mean, after which everything will presumably be perfect.

        Sanders isn’t alone in wanting to audit the Fed. In fact, it wasn’t his idea in the first place, but (as far as I can tell) Senator Rand Paul’s. I dunno if Paul is an idiot but he ain’t no socialist.

        • janet December 11, 2017 at 6:35 pm #

          …then what would make it a good idea? While we’re all waiting for the revolution, I mean, after which everything will presumably be perfect. –elrond

          Sometimes it seems we are surrounded by nihilists here who are not interested in solutions, just complete destruction of what exists, without regard to any potential death toll. In the words of Ol’ Scratch: “Better to just eradicate it [the Fed] …”

          In fact, for many misanthropes on CFN, they believe the more who die the better. The sixth mass extinction can’t come soon enough for some of these folks…. As if reducing the quantity of the world’s population by six or seven billion is going to result in harmonious relations among the few million who remain… doubtful because they will continue with their same misanthropic mindset.

          Violence-loving nihilists are romantic idealists of the worst kind.

          • The Articulate Infant December 11, 2017 at 7:49 pm #

            “Violence-loving nihilists are romantic idealists of the worst kind”
            Said the kettle. When it’s not Trump, it’s die whitey die, especially those white men, eh Janet?
            Allahu akbar indeed.

          • Walter B December 12, 2017 at 10:13 am #

            Those who are familiar with the lessons of history understand that once a system of governance, or empire for short, grows in power and controls the military it cannot be changed from within by “working together” through happy and “legal” means. It is simply not possible and has never happened in human history, nor will it happen here. I will never advocate violence and certainly never against my own entrenched and over armed US government, but some day it will happen. It always happens and those who live in denial will be crushed by the change just as surely as those of us that see it coming. We simply choose to not die stupid.

      • Ol' Scratch December 11, 2017 at 5:13 pm #

        Anyone in the system is in collusion and condones the system. The system is unworkable… destroyed by corruption and perversion. It has to die and a new one (hopefully an optimal one) needs to be created.

        Well, you’re on the right track there at least, amb. No need to audit the Fed either. Too many skeletons hiding in them vaults. Better to just eradicate it and wait for the bankers to come out of hiding and to start screaming like the rich pigs that they are. Then seize their assets and let ’em live like the other half lives now for the rest of their days. Banker, fund thyself!

        • Janos Skorenzy December 11, 2017 at 5:56 pm #

          Yes, figure out the approximate amount we owe them and then just write them a check. Let them worry about finding someone to cash it for them.

        • Walter B December 12, 2017 at 10:19 am #

          The only problem with rebirth after collapse is that when I scan back through the annals of history to list those empires that have collapsed I get this:

          Egypt
          Rome (Italy)
          England
          Germany

          None of these empires, unless you consider the Vatican as the rebirth of the Roman Empire and that is a different story IMHO, were ever reborn but simply carry on to this day as second rate, still collapsing dung piles. I think when America goes down, it’s going down for the count.

          • Elrond Hubbard December 12, 2017 at 11:31 am #

            Present-day Germany is a “dung pile”? Seriously?

            Pessimism is one thing, but this is actually bad for your credibility. Walter B. Germany in 2017 is peaceful, prosperous, and steadily overshadowing France as the single hegemon of a united Europe. You don’t need to like the terms of that union to see that this is the case.

            As for England, even without its empire they are still an enviably wealthy country. Come on, you can do better.

          • Walter B December 12, 2017 at 1:39 pm #

            Germany was crushed by the Allies after the war because they were afraid of another go at it. Many of our grads served in the rebuilding efforts and wrote extensively about what they did to insure impotence in the government. The total castration of the Germany government and placing of Allied people in key spots has resulted in Frau Merkel today and the destruction of which I speak. Can they pull out of it and get back to business, my guess is no. The German working ethic has indeed amassed a pile of assets but the old Germans are dying off. The new ethnic replacements thanks to the open borders, may successfully destroy any hopes of a future, though I do understand that there is a backlash underway. Only time will tell, but since WWII they have been totally harmless.

            England is a total mess and I suppose that as a Canadian you maintain a fealty to the Old Hag that warms the Throne, but without being in bed with the US, England is a mere shadow of it’s former glory. And the immigrant situation there is also something that will not go away quietly so I think my point is salient though unappetizing to those who prefer to sing happy songs.

          • Walter B December 12, 2017 at 8:09 pm #

            I do not think I addressed your comment correctly so I must make amends. I was rushed. Yes dung pile was completely off base, you are right. London seems to be a bit of one right now as do the areas where the primitive and violent immigrants are taking over but you are correct if you say that this does not drag the entire nation down to that level. When you consider the truly global extent of the British Empire of old and the vast amounts of resources and plunder that she brought home in her ships, the current state of affairs is truly pathetic by comparison. Yes there is much wealth in every country, where it is held and by how many is the test of the affluence of the society verses the affluence of the affluent.

            The last time I was in Germany, was a few years ago when my daughter and son-in-law were stationed in Katterbach. Yes it is a beautiful country and there is much wealth held by the wealthy barons and the government, but from what I saw, the German people pretty much just work and go home and sleep. Yes they put up massive amounts of savings so the wealth moneychangers can send it to Greece and Italy and Spain to “hopefully” profit from the “investments”, but that does not appear to be working out too well. Deutschebank is damned near insolvent and one can only wonder how long the German people will work so that the others do not have to. I did not run into many Germans in my visits, but plenty of tourists for sure. I was told that the inhabitants pretty much just work and then go home.

            For an aggressive empire that conquered Europe and a whole lot more and then gave the entire planet quite the scare before they were done, today’s Germany is pathetic. Especially when you consider the US puppet government and the selling out of the German people that has been going on for a decade now. Sorry but a dung pile, no you were right, but a pathetic loser that will never hold power again, well that is my thought.

    • The Articulate Infant December 11, 2017 at 7:43 pm #

      What? No mention of Trump? Or are you just allahu akbaring up for that later?

  30. PeteAtomic December 11, 2017 at 4:02 pm #

    So was this whole fraudulent scheme a reward to corporate leadership for support of the deep state/shadow government?

  31. K-Dog December 11, 2017 at 4:09 pm #

    I confess, years ago I got rear ended by a Brinks truck doing thirty. Soft tissue damage so I did not get much, not enough since my neck still hurts sometimes. It was the first and last day on the job for a new driver. It would have been easier to just open up the back of the truck and say help yourself once I came to. The crash was so hard it knocked me out but since I was in a seatbelt I actually did not hit the windshield. Car got launched in the air and came down on an illegal alien’s cherry chevy in front of me. He tried to drive away. It probably would have worked out the same had they let me in to the back of the Brinks truck. The Mexican disappeared and got nothing.. I was able to pay for an entire year of graduate school tuition off the settlement. The end result being I was able to graduate with no debt. This was only a dozen years ago.

    Relevance? Student loans were mentioned.

    • FincaInTheMountains December 11, 2017 at 5:03 pm #

      Personally, I prefer paying a student loan (my daughter’s) the old fashion way – by writing a check.

    • elysianfield December 11, 2017 at 7:28 pm #

      Dog,
      First-person accounts are always appreciated…relevant or not.

  32. ffkling December 11, 2017 at 5:31 pm #

    At the Global Climate Conference in Bonn last month. President Trump and the Republican controlled congress thought it was a swell idea to send representatives to “sell” the virtues of US coal. Needless to say, the US table was devoid of visitors.

    Alternatively Democratic Governor Jerry Brown of California and ex-Republican and former Mayor of New York, Michael Bloomberg attended as well. A number of joint venture agreements with other nations were discussed.

    While Republicans enjoy denigrating Blue California and New York, these two states alone represent a staggering 40% of the entire US economy.

    • FincaInTheMountains December 11, 2017 at 5:47 pm #

      it was a swell idea to send representatives to “sell” the virtues of US coal. Needless to say, the US table was devoid of visitors

      Yeah, it was probably not such a swell idea, should’ve sent Marines – with appropriate firepower the coal would’ve sold out in a matter of minutes.

  33. FincaInTheMountains December 11, 2017 at 5:56 pm #

    I consider the English aristocracy to be a real elite because the English, unlike Americans and Russians – especially of time of perestroika and glasnost, understand that the word elite has a double meaning and the elite by position should be an elite by personal qualities.

    • Ol' Scratch December 12, 2017 at 6:00 am #

      They used to, anyway.

  34. malthuss December 11, 2017 at 5:59 pm #

    Bitcoin on track to topple global economy in five months,

    THEN WHAT?

    • FincaInTheMountains December 11, 2017 at 6:02 pm #

      tally sticks come to mind. that would be cool.

      Anyway, where have you gotten such an outrageous idea from? My advice, stay away from the guy (or gal) – bad company.

      • malthuss December 11, 2017 at 6:11 pm #

        You are too smart for me. Or your humor is too dry.
        But thanks.

  35. amb December 11, 2017 at 6:52 pm #

    L. Ron Hubbard:

    I thought you were dead?

    I did not mean that auditing The Fed isn’t a bad idea because Sanders is for it. But he is useless to America, a danger to America, because he is a Commie. Why deal with anyone who sits on that foundation? He has no credibility in my eyes. Just another criminal in the Gang of 535.

    There won’t be a revolution. That isn’t in the American people (uneducated, drug addled and wallowing in bread and circuses). The system will have to destroy itself–which it is doing a good job at as I write. Yet, empires require a protracted time line in which to devolve and perish.

    Auditing The Fed won’t solve anything. The government (specifically Judicial Branch) would never take action against The Fed, nor would Congress (who created them). The government sticks together and protects itself. You can’t win in court if the court is owned and run by the federal government! This is the criminality and corruption I’ve been speaking about.

    Audit The Fed? Please. Waste of time. There isn’t anything to discover that will change our economy or cause social reform. There are so many other more important governmental and social maladies that need addressing.

    • Ol' Scratch December 12, 2017 at 6:04 am #

      The Fed isn’t a bad idea because Sanders is for it. But he is useless to America, a danger to America, because he is a Commie.

      Oops, there it is! So, you’re a card carrying member of the capitalist class then? I guess you never heard that the Cold War is over and capitalism won about 25 years ago? That commie card played out in the 20th century. Might try coming up with another boogeyman for the 21st. I’m sure you can afford it.

      • GreenAlba December 12, 2017 at 6:50 pm #

        @Scratch

        Amen to that. I only watched the election from over the Pond but I didn’t hear Bernie arguing for common ownership of the means of production or the withering away of the state either 🙂

        It seems to be a common pathology in some sectors of the US to think anyone to the left of Genghis Khan is a ‘commie’!

  36. drewkeeling December 11, 2017 at 8:04 pm #

    Here (I think) is the basic explanation:

    A “balance sheet” is called that because the left side (obligations or “liabilities” and net worth) has to balance the right side (assets).
    Any economic entity -a person or a corporation or a non-profit organization, or a government facility- has such a balance sheet (public or not, known or not, and whether or not the net worth is positive or negative).

    The Fed is a rather unusual economic entity, however, in that its main liabilities are effectively part of the national money supply. This feature is one way the Fed tries to influence that money supply.

    Like the banking system in general, the Fed also has, effectively, the ability to create money. If it creates money and lends it to the federal government (by buying government issued or packaged bonds or other instruments and paying for them by “creating money”), it increases both sides of its balance sheet: assets (the bonds) and liabilities (the money created).

    Evidently the unwinding Jim is rather colorfully talking about here involves that matching process working in reverse (bonds being retired and money supply reduced).

    Several things limit the extent to which this large and centralized balance sheet expansion and contraction can occur:

    1) The larger the money supply, the greater the potential for inflation, which -if the Fed tries to curb it by contracting its balance sheet- will sooner or later risk tipping the economy into recession. At the moment neither increased inflation nor a recession appears particularly likely, but the outlook for either could change rather quickly under the current unstable political environment. And that instability, under a “long emergency” scenario, could quite conceivably persist if not worsen.

    2) The greater the quantity of government issued debt -whether held by the Fed or others- the greater the risk that the issuers may have difficulty redeeming it (e.g. the portions of it not held by the Fed) upon maturity.

    3) A bloated Fed balance sheet (which this unwinding, though quite slow according to Jim’s numbers here, would in principle reduce) also risks jeopardizing the public and investor confidence needed to keep inflation and recessions in check, and to maintain the attractiveness of investments, financial instruments and savings/investments held in US $.

    Ultimately, as this blog entry suggests, what is arguably most important in all this is WHAT the created money and related government borrowings are used for. That is also where legitimate concerns about the viability of, for example, long term suburban growth or the impending Congressional tax cut bill may be highly pertinent.

    • Ol' Scratch December 12, 2017 at 5:59 am #

      “Fortunately,” inflation has only occurred in the equities, housing, military hardware, and healthcare markets, since that’s where most of the balance sheet expansion went – along with an extra push from Obamacare for that last item. Unfortunately, two of those three items are relatively vital services for everyone, so pricing the poor out of those markets might not be considered “good policy,” while equities markets are nothing more than electronic casinos for the idle rich now, and serve no vital purpose whatsoever. And of course the military hardware “market” is not actually a market at all, but just a good old-fashioned extortion racket.

      But as far as “balancing” any of this or the wisdom or stupidity of tax cuts, don’t be deceived. It’s all political smoke and mirrors. “Balancing” is nothing more than a political code word for cuts to infrastructure and social welfare spending, period, full stop, end of discussion; while tax cuts are always and without exception nothing more than a legalized money grab by the capitalist class. And why not? They own everything anyway, and this is just their way of reminding all of us little people of that fact.

  37. BackRowHeckler December 11, 2017 at 8:06 pm #

    Just the same, I read today, on some of the best farmland in North America, along the beautiful Farmington River, where the Tunxis Indians followed by English settlers have been planting crops since the 14th century, a massive apartment complex is going in, with a parking lot for 500 automobiles ‘and other amenities’, which usually means a strip mall.

    The swag to build this monstrosity has got to be coming from somewhere.

    brh

  38. BackRowHeckler December 11, 2017 at 8:12 pm #

    also, it turns out, as a result of CVS buying out Aetna Insurance, the president of Aetna, a Mr. Bertolini, is walking away with a cool $500 million. As for the rest of Aetna employees, well, as they say, nothing is guaranteed.

    brh

    • Ol' Scratch December 12, 2017 at 5:47 am #

      As for the rest of Aetna employees, well, as they say, nothing is guaranteed.

      Rumor has it that Wall St is pushing a for governmental anal lube program in preparation for the next crash and the subsequent repeal of the rest of the social safety net.

  39. Newton Finn December 11, 2017 at 8:39 pm #

    To wrap your head around the incredible freedom brought to us by fiat money, and all the wrongheaded thinking about economics that has been pounded into our collective heads, please take the time to check this out:

    youtube.com/watch?v=d57M6ATPZIE

    Get this, and you will never see the world the same way again

  40. Janos Skorenzy December 11, 2017 at 8:46 pm #

    One of Trump’s accusers was a beauty contest contestant who described him as inspecting them as “she was naked underneath her robe”. What a prurient imagination! More! Moore!

    • BackRowHeckler December 11, 2017 at 8:59 pm #

      Women, you gotta love their logic …

      fortunately or unfortunately, they got the curves we just can’t resist.

      brh

      • Janos Skorenzy December 12, 2017 at 2:08 am #

        Enjoy. These are the only good arguments for women in the military.

        thechive.com/2017/12/11/kiss-my-trigger-discipline-good-bye/

        • tucsonspur December 12, 2017 at 2:46 am #

          At least they used some tact. I mean we already know about their most powerful and dangerous weapon of all.

        • Ol' Scratch December 12, 2017 at 6:52 am #

          Hey! The military serves as an excellent dating site for all eligible females! How else is a poor girl going to get fixed up on the cheap?

    • malthuss December 11, 2017 at 11:54 pm #

      Lawsuit against 23 n Me.
      23 was telling people that they are ‘out of Africa.’

  41. fineline December 11, 2017 at 9:19 pm #

    So someone explain to me , if the Fed lant the money to the US Treasury and the government spent the money on pole dancers and drone strikes, etc, how did the primary banks also have that money to lend out to the government?

    • Ol' Scratch December 12, 2017 at 5:42 am #

      That’s where the alternative universe thingy comes in. Santa Clause and Jesus live there and they shit out all the money.

  42. BackRowHeckler December 11, 2017 at 11:58 pm #

    My question is, when the unravelling begins, are the EBT cards gonna still be charged up and funded, all 50 million of them? If not, a lot of people across the fruited plain are not going to be happy, and we’re going to have a problem, a problem right here in River City.

    I hope we get a little bit of warning. All of a sudden it might not be too healthy for me to come down into this city at night if these esteemed citizens go to the bodega and can’t buy their pork rhines and Budweiser when they swipe the golden card. They might start looking around for a scapegoat.

    brh

    • Ol' Scratch December 12, 2017 at 5:40 am #

      LOL! Economics applied to the real world! Bet they don’t have a seminar on that in any of the Ivy grad schools where the eggheads congregate.

  43. pequiste December 12, 2017 at 1:04 am #

    Just how much legerdemain is involved in our Economic Theatre of the Absurd? Imagine asking the wizard of the Federal Reserve, aka the Chairman, a pointed question like Sen. Bernie “I’m feelin’ burnt” Sanders and be shown the stark beauty of a magical monosyllabic incantation:

    youtube.com/watch?v=P8p0nBa866E

    Another member of Congress, one Alan Grayson, formerly representing Florida’s Eighth district, also had some probing questions for “The Bernank” regarding gobs of coin – over half a trillion simoleons to be non-exact. He also received a mysterious answer from the hierophant-in-chief:

    youtube.com/watch?v=P8p0nBa866E

    Even thousands of miles away, I can hear the laughter of the small circle of friends in French Polynesia, the southern Caribbean and the Maldives, sipping Chateau Lafitte Rothschild on some sleek 40 meter Carp Navi yacht, like the “Commitment” seen here:

    csoyachts.com/en/yachts-for-sale/commitment-01tD0000002gQDGIA2.html

    It’s very rewarding work being a court sorcerer for Mammon.

    • Ol' Scratch December 12, 2017 at 5:36 am #

      Nice! Great work! Loved listening to the Ben Bernanke waffle and stutter. Highly paid ass-clown with a GQ looking beard and a perpetual smirk on his face.

  44. BuckP December 12, 2017 at 2:07 am #

    “Money is gold and nothing else.”
    J.P. Morgan in testimony to Congress 1912

    Once Saudi Arabia and its’ OPEC partners demand payment for their oil in gold rather than petrodollars the gig will be up. That day is fast approaching with the petroyuan backed by gold soon to enter the scene. Without the petrodollar, the dollar will lose its’ premier reserve currency status. At this juncture, the dollar will collapse with all the sordid side effects, not excluding war of some kind. The world’s largest and most expensive military force will not take this laying down. The petrodollar system has allowed the United States government and the public to live far beyond their means since the early 1970’s.

    • Ol' Scratch December 12, 2017 at 6:31 am #

      Trouble is, that military force runs on megatonnage of petro fuel and is now equipped with the world’s most expensive non-functioning weapons systems. Hard times a-comin’.

      • BuckP December 12, 2017 at 11:20 am #

        Good point! As profiled in the documentary “Legion of Brothers”, in the fall of 2001, 100 Green Berets on horseback teamed with the Northern Alliance and other anti-Taliban Afghans to defeat and depose the Taliban in 30 days. Each city they freed hailed them as allies and liberators not invaders. The Green Berets and their allies reward for defeating the Taliban was to be carpet bombed by the U.S.Air Force in an accidental friendly fire incident. The unnecessary strike was ordered by an overzealous general looking to cash-in on the glory. Subsequent to this victory, in came the Pentagon brass and the CIA and with it a huge buildup of bases and forces. Because we lost the high moral ground and trust, the Afghans starting seeing us as invaders, resulting in the reemergence of the Taliban. Three presidents and 16 years later we are still there fighting a war with an unwinnable strategy. Just like in Vietnam, our military leadership, who is beholding to the Deep State, is the problem not our brave fighting men and women.

  45. Janos Skorenzy December 12, 2017 at 2:28 am #

    Moore had himself interviewed by a 12 yr old girl today. The man has balls and commonsense. The women he flirted with forty years ago are eaten up with regret for not accepting such a famous and powerful alpha male as he turned out to be. He sure don’t want them anymore, looking as they do now, lol…..

    • tucsonspur December 12, 2017 at 2:47 am #

      Balls to the walls.

    • ffkling December 12, 2017 at 7:35 am #

      Janos is the perfect negative indicator for voting.

      • Janos Skorenzy December 12, 2017 at 1:54 pm #

        Thank you. Democracy is nonsense anyway. Only the qualified should get to vote – and that’s a very small minority indeed. The ultimate minority group!

        • Elrond Hubbard December 13, 2017 at 12:52 pm #

          ‘Trump is not a kingmaker’ as Doug Jones defeats Roy Moore in Alabama
          If Trump and Bannon can’t win in Alabama, ‘you have to wonder if they can produce a winner anywhere’

          cbc.ca/news/world/roy-moore-senate-alabama-election-doug-jones-result-1.4445530

          “Doug Jones made an appeal for ‘decency’ to prevail over partisanship. Deeply conservative Alabama apparently listened, overturning a quarter-century of voting habits to elect him on Tuesday night in a stunning rebuff of the president, of an anti-establishment insurgency and of sexual harassment in Congress, Alabama politicos said.

          “Jones, a former prosecutor, became the first Democrat in 25 years from the deeply red state to be elected to the U.S. Senate seat, edging out his Republican rival Roy Moore, an accused child molester and Bible-quoting former judge, in a test of the limits of political tribalism.”

          Hmm. When you’re a purportedly powerful alpha male who gets shown up as a beta with the whole world watching, do those famous balls you have (alongside your common sense) retract up into your body with such force that you get blown backward into a corner to wail piteously, clutching at your crotch?

          Interesting question. Somebody must have video.

          • CancelMyCard December 13, 2017 at 9:52 pm #

            Janos is not a man.

            Janos is a woman.

  46. FincaInTheMountains December 12, 2017 at 5:40 am #

    To my American Friends and Partners

    Per aspera ad astra!

    pbs.twimg.com/media/DQn8PQ0WsAAunSx.jpg

    • Ol' Scratch December 12, 2017 at 6:37 am #

      Nice! Serves as a useful reminder that the US doesn’t have “friends and partners,” it has vassal state bitches.

    • Janos Skorenzy December 12, 2017 at 1:55 pm #

      Destroy all planets! Destroy all monsters!

    • FincaInTheMountains December 12, 2017 at 2:14 pm #

      Everybody understand everything to the extent of their depravity

      If you right click on the image and select “Search Google for Image” it will immediately tell you: “Apollo 8 launch 1968”. Ass-grabbing is from the future.

  47. FincaInTheMountains December 12, 2017 at 5:43 am #

    Success has many fathers, failure is an orphan

    Schumer says he advised Trump to declare Jerusalem Israel’s ‘undivided’ capital

    thehill.com/blogs/blog-briefing-room/363465-schumer-advised-trump-on-declaring-jerusalem-as-israels-…

    • Ol' Scratch December 12, 2017 at 6:35 am #

      Imagine that! A rich, powerful, upper crust NY Jew advising Trump that way! Who would’a thunk? Nah! There’s nothing to any of that silly Zionist crap at all!

      • pequiste December 12, 2017 at 10:45 am #

        Charles Ellis “Chuck” Schumer may be rich – he has been feeding at the tough for more than 40 years (never practiced Law; a career politician from the get-go.)

        Powerful; ranking Democrat in the U.S. Senate, yes he has quite the exalted position and bully pulpit atop the pile of pilferers and sycophants.

        As to the upper crust accusation. A.Y.F.K.M.

        Born in Brooklyn, not Manhasset, Manhattan, Muttontown, Riverside, Southhampton or Westchester’s tonier precincts. So by geography no way.

        Parents were not “old money” like the Harrimans, Roosevelt or Rockefellers.

        One listen to his nasal Brooklyn intonation gives it all away. Not at all from Grammercy Park dearies.

        Although a man of high educational achievement; Harvard University and all that, it doesn’t coincide with a proper upper-class New Yorker private education. Think places like The Dalton School, Collegiate School or The Chapin School. Chuck went to public school in Brooklyn.

        There is nothing wrong with Brooklyn – in fact, it is a great and famous place. But sorry Scratchy, “upper crust” is not one of its characterizations.

        • Ol' Scratch December 12, 2017 at 10:58 am #

          Serves the same interests either way. Lower/middle class brown nosers with a chip on their shoulder always work twice as hard too. The Dulles Bros. were of decidedly modest roots. Even ol’ LLoyd Blankfein is supposedly a “working class hero” made good. It’s always all about the “hard work,” don’t ya know?

          • malthuss December 12, 2017 at 11:32 am #

            thanks.

            Serves the same interests either way. Indeed.

          • Janos Skorenzy December 12, 2017 at 1:58 pm #

            Exactly. The skill set for clawing ones way up in the struggle for existence is exactly what Is Not needed for ruling wisely. We need an Aristocracy again. I’m not against social mobility, but the Horatio Alger stuff just doesn’t work when it comes to politics.

          • pequiste December 12, 2017 at 2:38 pm #

            “Lower/ middle-class brown nosers with a chip on their shoulder…”

            Now that’s right on the money.

  48. wm5135 December 12, 2017 at 6:57 am #

    A new market index is needed, acronymn -DDD Triple Index. The underlying assets have been a growth market for millenia and are now poised for an unprecedented and meteoric rise and explosion in the population.

    Thats right, the assets – Deceit, Denial and Depravity are actually the leading market indicators. Don’t lose out, get in the market today. Mortgage the only harbor of life to purchase that shiny chimera of irrational exuberance, profit. Leverage your DDD assets and watch them grow. THE EARTH IS THE LIMIT!!!!!!!!!

    Wish it was fun to talk about.
    wm

  49. malthuss December 12, 2017 at 11:43 am #

    bitcoin-track-topple-global-economy-five-months/—what will that be like?
    If the uneconomy topples?

  50. Janos Skorenzy December 12, 2017 at 3:32 pm #

    The Judge went to vote on horseback this morning. The Greatness! What is ancient Aryan definition of a Gentleman? One who can ride and shoot.

    As for the rest of his Party, the Cucks and Black nosers? They are Ichabod or the Glory is Departed for the most parted with a few honorable exceptions – like Trump.

    • CancelMyCard December 13, 2017 at 9:58 pm #

      But the Horseback guy lost . . .

      a complete pedophile loser.

      Just like you, Janos.

  51. Janos Skorenzy December 12, 2017 at 3:40 pm #

    Meanwhile Q is headed for the Canadian border on his mechanical steed. Is he some kind of Manchurian candidate or just an Aryan come too late or too early? Mature insight? Premature senility? Or the hard won Wisdom that will be naturally his in his next life already showing now at the sunset of his present one?

    What is he going to do there? Does he even know himself? Is he planning to intercept Santa Claus on his southerly journey? Or is he headed for L Ron’s haus?

  52. FincaInTheMountains December 12, 2017 at 5:55 pm #

    Colonel House’s plan at the beginning of the 20th century was aimed at the disintegration of 4 Empires: the Ottoman, German, Austrian and Russian. And in this sense, it would not have been Russophobic, if it were not for the existence of the fifth Empire – the British Empire, which Colonel House apparently did not intend to destroy.
    en.wikipedia.org/wiki/Edward_M._House

    The cause of this phenomenon, which we call the “Special Relations between England and the US”, is perhaps the most difficult issue in the theory of the World Projects, and I draw your attention to what is said here “England and the United States”, not Britain and the United States.

    The United Kingdom is a very complex entity consisting of England, plus Scotland + Wells + Northern Ireland), Canada, Australia and other colonies, which are united by the personality of the monarch, in this case the Queen. I also draw your attention to the fact that this system is the only monarchy which survived the 20th century and this made Britain the most successful state in the world to a large extent thanks to the system of the English aristocracy.

    And in my opinion, it is necessary for Russia to study the history of this system for combating such figures as Chubais, Ksenia Sobchak and Mutko, not to mention their names by night.

    Heirs to the throne before going through a military service go through a very important course in the history of art. Can you imagine Mutko or even Ksenia Sobchak studying art history? Personally, I don’t!

    But as for success, the 2008 World Economic Crisis began on the British Isles at Northern Rock Bank, but it was the British aristocracy that instantly cut it off, and in the United States the Clinton’s bourgeoisie took over and after that the United States greatly lost its achievements during the 20th century.

    The second time the British aristocracy gathered around the Queen in connection with Brexit and I will allow myself to recall that the firm determination to prevent the formation of a strong continental power in Europe is the centuries-old centerpiece of the British politics and that constant interest of the British monarchy that replaces its friends, as well as the Army and the Navy replace allies for Russia.

    Britain joined the European Union in order to prevent its transformation into the Fourth Reich (German Empire) by diluting the Franco-German union with various Polands and Romanias.

    And when it was done nevertheless, and Angela Merkel and Junkers, counting on Middle Eastern ODESSA led by Hillary Clinton, staged a riot on the ship, the British aristocracy led by the Queen came to the conclusion that it was time to deal a coup de grace to the German bull.

    But the British bourgeoisie, fattened up by the Clinton superbowl and the collapse of the USSR, tried to block this decision, counting to profit from reformatting of the Greater Middle East along with Bastinda’s flying monkeys after seemingly inevitable disintegration of Putin’s Russia.

    And then appeared this film that provided Brexit with correct vote in a referendum, which, figuratively speaking, was a booze party of Richard the Lionheart with the Yeomen of Robin Hood before storming of the Boisguilbert palace.

    youtube.com/watch?v=kNpWO_OcGFc

    • GreenAlba December 12, 2017 at 8:30 pm #

      @Finca

      There’s a lot of flaky stuff in there that I’m not even going to go near, but on a couple of points of fact:

      (1) The UK consists of Great Britain (England, Scotland and *Wales*) and Northern Ireland. That’s it. ‘Wells’ is a city in Somerset, England. It has a famous cathedral.

      (2) The UK is a constitutional monarchy. The monarch, thankfully, has no political power whatsoever and cannot even make political pronouncements of any stripe (see, for example, the huge controversy stirred up by Prince Charles’ ‘black spider letters’ to a previous government, recently published following a freedom of information request. Constitutionally, members of the royal family have no business interfering in any way in government. Even the speech read by the queen at the opening of each new session of parliament, stating the intentions of ‘her’ government, is prepared entirely by the government of the day. She has no say in what is in it. The royal family are an anachronism, but they bring in tourist pounds, which are always welcome (as are the tourists themselves).

      One opinion: Brexit is madness. The ideologues who have pushed it for years, within the Tory party, endlessly proclaim that Britain should be ‘open to the world’ (so far this seems to be limited to kowtowing (even more) to Saudi Arabia, telling Duterte what a great guy he is and hoping desperately for a mutually favourable trade agreement with Trump’s guys (good luck with that).

      They are living in a previous century where they envisage fabulous global markets waiting to be conquered. They foresee a ‘great global future’ because they have no clue that globalisation has peaked. There’s a reason why most of our trade is with our European neighbours and that is because they are right next door to us. And so it should have continued. Brexit is living proof that you shouldn’t use referenda to try to make infinitely complex constitutional issues appear simple.

      • Ol' Scratch December 12, 2017 at 9:22 pm #

        Greeny,

        So you’re saying, one take on Brexit is that it’s basically a globalist initiative? I hadn’t heard that one before. I’ve always assumed it was just the opposite. More like a local revolt against regional control.

        • GreenAlba December 14, 2017 at 11:23 am #

          Scratch

          Glad you said ‘one take on Brexit’ – it’s good to appreciate the existence of paradox in our political affairs. It’s possible to conclude that the UK is better off in the EU for now without being a big fan of its more arrogant machinations – or of liking Jean-Claude Juncker.

          As with the election of the fair Donald, there’s a big difference between the gut voting reasons of a large constituency who’ve been bypassed by the global economy and the more sophisticated and cynical reasons both of the Tory Brexit ideologues and of the purveyors of dark money who helped both campaigns.

          theguardian.com/technology/2017/may/07/the-great-british-brexit-robbery-hijacked-democracy

          theguardian.com/technology/2017/may/14/robert-mercer-cambridge-analytica-leave-eu-referendum-brexit-…

          Needless to say both articles ‘are the subject of legal complaint’ on behalf of the extremely sinister Cambridge Analytica – one to watch in future elections.

          We all know why the majority of the electorate voted the way they did (well, 37% of the electorate actually – that’s about 25% of the entire population – carrying a vote on an extremely complex constitutional question with enormous repercussions), but the ideological architects of Brexit are not primarily worried about unregulated borders or abstract questions of national sovereignty.

          In fact the UK could have regulated immigration perfectly well while within the EU, but it chose not to. There are provisions for sending people home if they’ve been here 3 months (or something like that) without finding work. They were never applied. There has also been no serious attempt to limit immigration from non-EU sources, so the UK government does not deserve to be taken seriously when it harps on about unlimited immigration from the EU. And the Home Secretary responsible for that failure? – well, would you believe Theresa May…

          Equally, it is not the fault of the EU if the UK government has not done, for decades, what needed to be done to fix its sick housing market, much of it long since given over to the greedy rentier sector wanting to make lots of money in easier ways than working for it. Making London the go-to destination for foreign oligarchs and billiionaires looking for somewhere safe to park their loot and allow their children to go to nice schools hasn’t helped either.

          But the EU bogey man was an easier target to deflect blame from where it should rightly reside, especially easy following 40 years of anti-EU propaganda from the tabloid press and a population not required to study civics in school.

          If you listen to the likes of arch-Brexiter Jacob Rees-Mogg…

          independent.co.uk/news/uk/politics/brexit-safety-standards-workers-rights-jacob-rees-mogg-a7459336.h…

          …Brexit is about a bonfire of regulations that will allow the 1 percent to do even better.

          Additionally, the argument about ‘sovereignty’ is naive, to anyone who has genuinely thought about the nature of sovereignty in the modern world. I wrote a very long essay in exam conditions several decades ago about the relationship between parliamentary sovereignty and the EU – I certainly couldn’t write it now, but the UK didn’t cede sovereignty to the EU – it pooled its sovereignty with that of the other members, which is a very different thing. The UK had a veto the same as every other member country and it used it more often than most to try to remake the EU in the image of the Tory party and the financial interests it represents.

          The Daily ‘Wail’ used to decry the EU for being ‘socialist’ because it aimed to protect workers’ rights and environmental standards. Now Leavers decry the EU for being ‘neoliberal’, as if trade with countries outside the EU (the US, Phillipines, Saudi Arabia, for goodness sake) was run on entirely fluffier, cuddlier terms.

          Also on the matter of sovereignty, if the UK signs a trade agreement with the US is will inevitably include a clause whereby US companies will be able to sue the UK government in a secret corporate court if the UK parliament has the temerity to pass domestic legislation that risks (yes, just risks) hurting their bottom line. Litigation and compensation that will be paid by the likes of me through my taxes. Call me picky, but that’s not sovereignty in my mind.

          There’s always one thing that’s picked up and run with to illustrate the issue of the day. At the moment it’s US ‘chlorinated chicken’. Food standards are higher in the EU, in terms of food safety, environmental standards and livestock welfare. The reason chickens are ‘chlorinated’ in the US is that you can get away with lower standards of animal husbandry and then spray your chicken with Mr Muscle to kill the germs that shouldn’t have been there in the first place if you’d kept them decently.

          Then there are growth hormones in beef and a host of other issues. The US will only sign a trade deal with the UK if it can impose its own lower regulatory standards. And the UK will be desperate. So, much as I am happy for Americans to eat whatever they want and worship lack of regulation if that’s what rocks their boat, I’d like to stick to the regulations we already have.

          And all that’s just a tiny, tiny part of it all. I prefer my food to be produced locally; when it can’t be produced locally I want it to come from as near as possible, not freighted half way round the world unless it’s something that only grows there, like mangoes! And in the future we’re expecting, on this website, I won’t complain that I can’t get mangoes. Or oranges. Or lemons (actually I may occasionally moan that I can’t get lemons – or chocolate – or wine 🙂 )

          There’s a lecture here by Professor Michael Dougan of the University of Liverpool. Seven million people listened to it before the referendom:

          legalcheek.com/2016/06/university-of-liverpool-eu-law-lecturers-incredible-out-of-office-email-respo…

          The clip is a little way down the page after the story about the abuse he was treated to by Brexiters who didn’t appreciate his calm, polite and knowledgeable exposition of what the UK gained by being a member of the EU. It takes about half an hour, though, so only if you have an interest…

          • GreenAlba December 14, 2017 at 11:31 am #

            *floats* their boat, even…

          • GreenAlba December 14, 2017 at 11:38 am #

            and ‘referendum’!

          • Elrond Hubbard December 14, 2017 at 12:07 pm #

            A very nice, thoughtful post, GreenAlba — even with the spelling mistakes.

            But I’m wondering: what will the bells of St. Clement’s ring, once there are no more oranges and lemons? It will be a barer world…

          • GreenAlba December 14, 2017 at 1:46 pm #

            @Elrond

            I was thinking more about fish and chips without lemon. Back to malt vinegar? Feels like barbarism after all these years of sophisticated European culinary influence!

            And we need comfort food like fish and chips to help us endure the endless knots Brexiters are tying themselves into to pretend the intractable problem of the Irish border can be solved outside of the EU, while maintaining the peace process.

            And that’s before they even start on Gibraltar, which voted about 97% to stay in the EU for obvious reasons, since most people who work or live there have to cross a border twice a day. I wonder if there’s a supra-collective noun for clusterfucks. Maybe an omnishambles of clusterfucks…

          • Elrond Hubbard December 14, 2017 at 3:23 pm #

            Might I suggest the ‘boris’? Defined as 350 million clusterfucks per week.

          • GreenAlba December 14, 2017 at 7:35 pm #

            Love it 🙂

      • FincaInTheMountains December 13, 2017 at 2:54 am #

        The UK is a constitutional monarchy

        Great English humor! To call themselves a constitutional monarchy without having any constitution!

        • GreenAlba December 14, 2017 at 10:07 am #

          Finca

          I’d rather we called ourselves a grown-up republic, but for the moment we are where we are and there are far more pressing issues than a figurehead not-too-bright family for the Daily Wail to print photos of to keep the hoi polloi entertained and the tourists coming. If getting rid of the constitutional monarchy were a cure-all, our American cousins would be living in a self-evident Utopia. They don’t seem to be.

          You can read the basics regarding the UK constitution here – and there’s a fair body of work elsewhere if you have a few spare years on your hands.

          en.wikipedia.org/wiki/Constitution_of_the_United_Kingdom

          Any serious student of UK politics or constitutional law is of course familiar with the standard work on the matter by Walter Bagehot (1867):

          amazon.co.uk/English-Constitution-Walter-Bagehot/dp/1979672350/ref=sr_1_1?s=books&ie=UTF8&…

          Enjoy – and may it inform your future comments as much as whatever you’re smoking 🙂

    • akmofo December 12, 2017 at 9:34 pm #

      The same problem that you have in Russia also have in your imaginary aristocratic ideal, namely, they have no political credibility. Putin gets “elected” by the same method Stalin got elected. Control of the media and the vote counters. What possible political constituent does Putin represent? What possible political constituent does an aristocracy represent? Yes, democracy is messy, but it’s best there is.

      • Ol' Scratch December 12, 2017 at 9:48 pm #

        akmofo,

        Evidently you haven’t figured out that elections are pure bullshit on any number of counts anyway. What will it take for you to wake up? And no, your assertion that “democracy is messy, but it’s the best there is,” is not only a meaningless and false platitude/regurgitation of something stupid your elders once told you, it’s just plain stupid upon examination of the actual evidence, even considering its all purposely skewed.

        • akmofo December 12, 2017 at 10:39 pm #

          It all depends. As they say, you get the politicians you deserve. You think you deserve better? Prove it!

  53. akmofo December 12, 2017 at 5:58 pm #

    Mountain Finc, Boston Bill,

    Happy Hanukkah!
    Don’t pig out on the potato kugel 🙂

    • akmofo December 12, 2017 at 5:59 pm #

      And Jim, you too!
      Thank you for hosting us all!

    • beantownbill. December 12, 2017 at 7:15 pm #

      You, too.

    • Mountain gal December 14, 2017 at 9:49 am #

      Chag Sameach! You too Jim!

  54. Janos Skorenzy December 12, 2017 at 6:48 pm #

    If White Privilege is real, why are Arab Americans – heretofore considered as White – advocating for their own designation of “MENA” or Middle Eastern and North African. They are Very excited about the possible benefits and gibs of being Non-White. If the benefits (if any) of being White were so good, they wouldn’t be asking for this change, right? Linda Sarsour says it best:

    The “Linda” Mr. Heiman referred to was none other than Arab-American Linda Sarsour, who has become infamous since President Trump’s inauguration. Now best known as a left-wing protest leader, Mrs. Sarsour was a co-chair of the 2017 “Women’s March” and has spoken at many left-wing gatherings—though she occasionally embarrasses her hosts by complaining about the “Jewish media.” She has also, perhaps inadvertently, explained why she and so many others are pushing for MENA: “When I wasn’t wearing a hijab I was just some ordinary white girl from New York City.”

    The gibs obviously go beyond the mere material into the moral dimension of being an “oppressed minority” and therefore superior according to pundits like Elrond, Kdog, and Ozone – after all, the latter never criticizes their worldview but constantly criticizes mine. He must be on board with them to some extent at least. He certainly is against any real form of organic nationalism, where Whites have any collective rights to their own lands.

    • akmofo December 12, 2017 at 8:33 pm #

      Wait ’til she and her kin start agitating for an american Jihadi stan, where even white privilege warrior nazis like yourself, Yan, will be afraid to tread for fear you will never make it out. It’s coming. In the mean time, enjoy your Linda Sarsour and her “Jewish media”.

      • akmofo December 12, 2017 at 8:37 pm #

        A little taste of what’s coming:

        express.co.uk/news/world/738151/Sweden-Stockholm-car-fire-epidemic-rage-no-go-zone

      • Janos Skorenzy December 12, 2017 at 10:02 pm #

        So you deny Jews dominate the US media, both in terms of ownership and control? How dumb and/or crazy are you?

        • akmofo December 12, 2017 at 10:32 pm #

          In your diseased mind is there an endeavour that some Jewish persons participate in or participated in that they don’t dominate? Seems to me, Yan, you are suffering from a serious case of Freudian Inferiority Complex for which the only cure is a Greek coupling with your mother.

          • Janos Skorenzy December 13, 2017 at 6:00 pm #

            MoFo, even many Jews admit their dominance in the media. Their (your) ferocious ethnic nepotism has lead to great power in many areas of American society.

          • CancelMyCard December 13, 2017 at 10:03 pm #

            Janos’ Inferiority Complex

            is completely justified.

            He has a completely Inferior mind.

    • Elrond Hubbard December 13, 2017 at 11:26 am #

      Standard disclaimer: No one should take Janos’ characterizations of my positions at face value. At best, they’re coloured by his prejudices; at worst, they’re sheer scurrilous slander.

      Do I think oppressed minorities are “superior”? First of all, let’s make one thing clear: I don’t do identity politics. Identity politics are for three kinds of people:

      (a) White supremacists like Janos who think their bigotries are facts of nature, and want society to be a vehicle for enacting those bigotries.

      (b) People who have the consequences of (a) imposed on them because of this or that identity characteristic: black, gay, etc.. This includes day-in, day-out hassles as well as the lasting, higher-order effects of institutions and policies like housing discrimination, mass incarceration, etc.

      (c) Well-meaning liberals.

      None of the above describes me. I’m a leftist, not a liberal. Also it should be clear that the source of the problem is neither the minorities nor the well-meaning liberals. The problem stems from the fact of prejudice, the tendency to treat people as categories and not individuals, and the acceptance of different rules for different categories. This tendency is pretty much universal, but it’s bigots like Janos who turn “acceptance” into “demand” — they demand the power to deny others their full humanity in the name of their own self-worship. So no, I don’t think ‘oppressed minorities are superior’. I do, however, admire people who fight for their full humanity in the face of evil people who would deny it to them.

      When there are different rules for different categories of people, that goes by the name of privilege. That’s the actual definition of ‘white privilege’: there’s one rule for me, with my white skin; there’s another rule for you; and it sucks to be you. This kind of privilege is indeed ever-present in America, going mostly unremarked upon. It’s white supremacists who are shameless enough to proclaim it out loud as their birthright. It’s the opposite of the true American creed, that all men are created equal. That doesn’t mean without differences; it means there is one rule, and one law, for all. White supremacism is un-American, and so is Janos.

    • Janos Skorenzy December 13, 2017 at 1:32 pm #

      Elrond, I don’t have to make up stuff about you – you just said expressed your hatred and bigotry quite plainly. You said Whites who want freedom and self determination are bigots. You don’t say that about other racial groups who want the same thing. How much clearer could it be?

      If I go to China, think I will find White Privilege? Or Chinese Privilege? Think real hard there, boy. Why shouldn’t every people get to be first in their own lands – rather than just isolated, “atomic” individuals in some hideous half and half Welfare cum Libertarian hell hole? You want the whole world to be nothing but that. Now THAT’s an evil vision it ever there were one.

      • Elrond Hubbard December 13, 2017 at 1:55 pm #

        Janos: “You said Whites who want freedom and self determination are bigots.”

        Po-tay-to, po-tah-to. Your insistence on the identity line is the very substance of your bigotry. It’s precisely what I reject.

        Janos: “If I go to China, think I will find White Privilege? Or Chinese Privilege?”

        I would make exactly the same argument anywhere about any situation, adjusted for local facts on the ground, because that’s my value system. You say I ought to be a bigot like you, because there are bigots elsewhere too and why should we be any better? That’s nonsense. And as it happens, I’m not in China. This is my culture, and if I criticize it that’s because I bear responsibility for it in a way I’m not responsible for what goes on elsewhere. Matthew 7:3-5 applies to me, and I act like it.

        • Janos Skorenzy December 13, 2017 at 2:39 pm #

          So why don’t you criticize minority racism here in America? You have it in for the White Race. I admit that once you all have downed us, you’ll be going after the Northeast Asians. All must be thrown into the blender. All except your Masters, right Elrond? Why don’t you criticize them?

          • CancelMyCard December 13, 2017 at 10:06 pm #

            Janos,

            Go away from here forever.

            We are sick of your putrid vomit.

            Go away and leave us alone.

            Forever.

          • elysianfield December 14, 2017 at 6:37 pm #

            C my C,
            It requires little effort to impugn another rather than the difficult effort required for rebuttal. It indicates…sloth.

            But, please, prove me wrong. Janos says, correctly, that you have not addressed minority racism in America…please destroy his argument.

            Is their minority racism? Can there even Be minority racism? Are the constant drumbeat of minority assaults on white people caused by minority racism?

            Rebuttal requires thought…effort. It would take no effort for Janos to call you a worthless shit-heel…yet he does not…does that not cause you pause?

    • Mountain gal December 14, 2017 at 9:54 am #

      I guess that if they can portray themselves as “people of color” they will win points from the bleeding heart liberals who despise all those “European colonialists”. At least that’s what they say where I live. They somehow think that Arabs are people of color and Jews are all white with blue eyes and blond hair. Of course in Israel one can’t tell the Arabs from the Jews (other than by clothing) much of the time but why let reality intrude.

      Of course the joke is on them as the Arabs don’t really like white liberals but they sure do like to use them for their own purposes. Like ole’ Linda S………

  55. Ol' Scratch December 12, 2017 at 9:16 pm #

    High Hopes!

    Recent events and watching the US unwind so ungracefully before our very eyes has me waxing nostalgic tonight of the days of my youth not so long ago in the Year of Someone’s Lord 1990 or thereabouts, when I was a but wee lad of 37 or so, still in service of the imperial Air Force, supervising even wee’er lads than I, maintaining combat ready F-16 aircraft to go into battle at a moment’s notice against the “dark forces” just across the border, “ready to kill us all” at a moment’s notice should we ever let our guard down for a second. At least that was the “official story,” and one that some of us at least occasionally subscribed to.

    I was a meager E-6 Technical Sgt at the time and truck driving “Expeditor” of F-16 Avionics Systems (Communications, Navigation, Weapons Control Systems (Radar), Flight Instruments, and Flight Controls) Aircraft Maintenance and occasional technical expert, advisor, and designated supervisor on difficult aircraft avionics malfunctions. And it was he BEST time of my life!

    I was there at Ramstein AB GE when the wall came down, and I recall it like it was yesterday. And I KNEW from the second I heard about it that it was just the beginning, that this was just the beginning of what would turn out to be a multi-generational, world-changing event. And so it indeed has been.

    And so it was increasing sadness that I served out my remaining time in the USAF in the 90’s and early 2000’s, to no great personal honor or satisfaction, and watched as all the good that the cold war generation, of which I had been reluctantly a part, had allegedly sown in standing up to the communist “menace,” came apart at the seams almost immediately, based on nothing more than the emerging malignant capitalist class’s greed and avarice. All of which has propagated itself on designer steroids to this very day.

    And so it is that I leave you dear friends and board trolls/bots that would dare to besmirch my honor and integrity with your transparently obvious attempts to shill for whatever special interest whose propaganda you’ve fallen for, almost all of which you have no idea from whence it came, nevermind it’s truthiness; a song and video from the period from the recognized masters of political commentary of the period, who captured the ennui, excitement, and fear of all of the above in less than eight minutes better than I ever could.

    WATCH it, LISTEN to it, PONDER it, let it take you back in time for just a moment or two, and consider YOUR OWN futures while you still have time left to do so!

    Ol’ Sctratch

    youtube.com/watch?v=7jMlFXouPk8

    • Ol' Scratch December 12, 2017 at 9:58 pm #

      Always been a fan of this song too. The story of the “Capitalist Dream,” set to music in less than five minutes:

      youtube.com/watch?v=IXdNnw99-Ic

      So, so you think you can tell
      Heaven from hell
      Blue skies from pain
      Can you tell a green field
      From a cold steel rail?
      A smile from a veil?
      Do you think you can tell?
      Did they get you to trade
      Your heroes for ghosts?
      Hot ashes for trees?
      Hot air for a cool breeze?
      Cold comfort for change?
      Did you exchange
      A walk on part in the war
      For a lead role in a cage?

      How I wish, how I wish you were here
      We’re just two lost souls
      Swimming in a fish bowl
      Year after year
      Running over the same old ground
      And how we found
      The same old fears
      Wish you were here

      • akmofo December 12, 2017 at 10:43 pm #

        You can’t find something more depressing?

    • Janos Skorenzy December 13, 2017 at 1:34 pm #

      So fucking noble! Now tell us where your desire to see the White Race genocided came from? Where you radicalized in the army, college, or by yourself from the web?

      • CancelMyCard December 13, 2017 at 10:08 pm #

        Go home

        and go away, bitch.

  56. amb December 12, 2017 at 9:17 pm #

    From Ol’ Scratch:
    The Fed isn’t a bad idea because Sanders is for it. But he is useless to America, a danger to America, because he is a Commie.

    Oops, there it is! So, you’re a card carrying member of the capitalist class then? I guess you never heard that the Cold War is over and capitalism won about 25 years ago? That commie card played out in the 20th century. Might try coming up with another boogeyman for the 21st. I’m sure you can afford it.

    To Ol’ Scratch:

    Are you kidding?! The mindset of Communism/Socialism is RAMPANT in this country. The universities educate all of our youth in this direction. It is a cancer. As you say, it is a failed system (and millions have died to prove that point).

    I don’t need to find a “bogeyman”. I’m just saying that Sanders is a Socialist. How clueless does one have to be in this day and age to have that mindset? He’s just another clueless, corrupt person in Congress that is not good for America the country and its people.

    So who gives two shits if he is for auditing The Fed. Plus, that is just campaign rhetoric. Who knows what he really thinks. And… WHO CARES what that loser or anyone else in Congress thinks.

    • Ol' Scratch December 12, 2017 at 9:37 pm #

      amb,

      The US, since FDR at least, is a SOCIAL democracy, as are ALL functioning democracies. Labels otherwise are just political slogans.

      NO, the CAPITALIST mindset is RAMPANT in this country, unless you’re living in Jim’s alternative universe, with Jesus and Santa Claus. MIght be time for you to consider what’s about to come down your chimney!

      Sanders is more than likely inept, I won’t argue with that, but that has far more to do with the fact that he’d simply be so outnumbered that he’d never get anything passed anyway. Says far more about the system itself than it does about “The Bern.” Look for a more radical version (The Bern 2.0) to come down the pike soon.

      As far as auditing the Fed, I agree, it’s a waste of time. Far more efficient to just eradicate (and prosecute after the fact) them immediately and be done with it. I’m guessing from your tone, you might be in the firing line? Good luck with that. Hope your kids land alright, at least. Might be time to retire to that mountain retreat you’ve been preparing about now.

    • akmofo December 12, 2017 at 10:03 pm #

      Yup, the Cold War is not over. Wars are never over. They play out as ripples in a pond, until a new stone is thrown and a new interplay of sinusoidal waves crashes the shore.

      • Ol' Scratch December 12, 2017 at 10:23 pm #

        Never more so than for the “winners.” The “losers” simply move on.

  57. janet December 12, 2017 at 10:51 pm #

    Moore had himself interviewed by a 12 yr old girl today. The man has balls and commonsense. –janos

    But not Republican votes. Republicans refused to send a pedophile to the Senate. Who says voting does not work? Republicans refused to support the Trump/Bannon candidate.

    First time Alabama has sent a Democrat to the Senate since, what, 1986? Tsunami against Trump continues with democratic candidates winning in Virginia, Georgia, Montana, Oklahoma, New Jersey, etc. and now Alabama. There is no state in the union the Republicans cannot lose.

    Republicans are in a world of hurt for the 2018 midterms.

    • Janos Skorenzy December 13, 2017 at 1:36 pm #

      Too many dickless idiots (women and men who might as well be) believed the propaganda. The Republican Party pretended to believe it, though of course many of them are guilty of far worse.

      • Elrond Hubbard December 13, 2017 at 3:28 pm #

        Butthurt much? Got your motor all revved up and blew your load too soon? That happens to a lot of immature people. Get over it.

        • CancelMyCard December 13, 2017 at 10:14 pm #

          Ha, Ha, Ha!

          Excellent Elrond!

          The pussy Janos has lost again,

          and he cannot bring himself to believe it!

  58. FincaInTheMountains December 12, 2017 at 11:45 pm #

    The Great Alabama Battle: the Witch Won!

    May be you already understood the connection of the film about the world war three, which the BBC published in February 2016, with the extraordinary elections in Alabama.

    The film is part of the Brexit plan, and Brexit’s connection with the elections in the US and the victory of Donald Trump is self-evident and does not require comments – without Brexit this victory was simply impossible, and the elections in Alabama is another battle of the free Robin Hood archers for the result of the 2016 election, which the new Bois-Guilbert in a skirt tries to cancel.

    Different forces have clashed in Alabama: the real adherence of Americans to democracy and the venality of election commissions and other institutions of this democracy, the US special services and private Trump intelligence, the CIA Mockingbird division and the US Marine Corps, multibillion-media and bloggers like me.

    And the film is also important, because it allows you to see that all this is not accidental, not the caprice of History, but the realization of a centuries-old tradition, and in it the British monarchy turned directly to the British working class, over the head of the British bourgeoisie, despite the centuries-old tradition of hiding behind the English bourgeois constitution, which in fact does not exist.

  59. janet December 13, 2017 at 12:00 am #

    Right, finca! Hillary is controlling everything and continues to win. Hillary won the popular vote by three million votes. Trump is an illegitimate president. He is a legitimate bully who threatens Republicans.

    John Weaver, who ran the campaign of Ohio Gov. John Kasich (R) in the 2016 primaries, said congressional Republicans will never challenge Trump, even if it means damaging their own chances in next autumn’s congressional elections.

    “I’ve not seen a more cowardly group of people in my life,” he said. “He’s leading the way over the cliff. And they’re blindly following along. They’re afraid of him.”

    2018 midterms = Abracadabra = Democratic Senate & Democratic House with Nancy Pelosi the Majority speaker.

    That makes Nancy Pelosi the next president… after the impeachment of Trump and Pence for treason and obstruction of justice (the illegal coverup of treason).

    • FincaInTheMountains December 13, 2017 at 12:19 am #

      Nancy fucking what?!

  60. janet December 13, 2017 at 12:34 am #

    + Doug Jones and – Susan Collins = real trouble for the GOP’s big tax overhaul

    Alabama win = Black Lives Matter + #metoo movement matters

  61. tucsonspur December 13, 2017 at 12:50 am #

    A pedophile on a Palomino toting a six gun wasn’t enough to overcome the black vote and the women’s vote for Jones.

    I was starting to wonder if some catamite was about to pop out of this pseudo cowboy’s closet.

    The corrupt Clinton-Obama entrenchment is proving too tough and tenacious for Trump.

    And Bannon is starting to look like a dimwit. Luther Strange would have won easily.

    • janet December 13, 2017 at 1:18 am #

      That’s right. Voting matters. There is a difference between red and blue. Trump lost the popular vote against Hillary. Trump is a bully and a sexual predator. He should resign.

      Trump endorsed N.C. Rep. Renee Ellmers (and made robo-calls for her). Renee lost.

      Trump endorsed Luther Strange. Luther lost.

      Trump endorsed Roy Moore. Roy lost.

      Trump endorsed Obamacare repeal. Another Trump defeat. Tired of losing yet? Not one single major Trump legislative achievement in 2017. Trump fail.

  62. janet December 13, 2017 at 1:01 am #

    Conservative USA Today editorial:

    “A president who would all but call Sen. Kirsten Gillibrand a whore is not fit to clean the toilets in the Barack Obama Presidential Library or to shine the shoes of George W. Bush. This isn’t about the policy differences we have with all presidents or our disappointment in some of their decisions. Obama and Bush both failed in many ways. They broke promises and told untruths, but the basic decency of each man was never in doubt.”

    #metoo movement = women’s power to demand accountability for male sexual assault. Kirsten Gillibrand has fought to bring US male soldiers to account for the US women soldiers they raped. Trump has no idea who he is messing with.

    It creates a dilemma for me: which woman to support for president in 2020. Now there is Tulsi Gabbard, Kirsten Gillibrand, and Elizabeth Warren. Decisions, decisions. I doubt Nancy Pelosi will want to continue as president.

  63. janet December 13, 2017 at 1:36 am #

    once a system of governance, or empire for short, grows in power and controls the military it cannot be changed from within by “working together” through happy and “legal” means. –Walter B

    The colour revolutions are notable for the important role of non-governmental organisations (NGOs) and particularly student activists in organising creative non-violent resistance.

    These movements have been successful in Serbia (especially the Bulldozer Revolution of 2000), in Georgia’s Rose Revolution (2003), in Ukraine’s Orange Revolution (2004), in Lebanon’s Cedar Revolution, in Kuwait’s Blue Revolution (2005), in Iraq’s Purple Revolution (2005), and in Czechoslovakia’s Velvet Revolution (1989).

    Each time massive street protests followed disputed elections or request of fair elections and led to the resignation or overthrow of leaders considered by their opponents to be authoritarian. Tunisia’s “Jasmine Revolution” of 2010–2011, is the first Color revolution in North Africa.

    No violence is necessary, only happy and legal means. Nonviolent change is possible, as all these 21st century movements demonstrate. It is possible to get change, to bring down even entrenched violent governments, without firing a shot. Singing kumbahya works!

    anarchitext.wordpress.com/2011/04/13/color-revolutions/

    • tucsonspur December 13, 2017 at 5:36 am #

      Horseshit. Many believe that violence will be necessary to stop the devious Democrats and the slow, inexorable decay their policies will bring. They’ve already rotted the nation’s timbers and toppled its monuments.

      But a greater, more vicious violence than the Dems dished out during and after the campaign is needed. The termites of the Left are ravenous and will gorge themselves on and devour the nobility of the nation, the sanctity of states, and the awesomeness of America till nothing is left but sawdust and sand.

      We will need the draconian to stop the Dems or else we will disintegrate and disperse.

      Trump, flawed as he is, has stopped you and you hate him for it. You can’t believe that this roguish renegade has crapped all over your asinine agenda of acculturation, political correctness, globalization, and the destruction of so called “white privilege”.

      He just stuck it to ya, and your pain is still apparent.

      • janet December 13, 2017 at 4:54 pm #

        “Horseshit. Many believe that violence will be necessary…” –tucsonspur

        And believing makes it so? Many believe? How many? Who specifically believes that violence will be necessary?

        Believing in violence does not change a damn thing.

        The Color Revolutions effected change and nonviolently overthrew governments.

      • cbeard December 14, 2017 at 12:16 pm #

        Horseshit. Ditto. Big political, social change always involves violence. Usually a lot of it.

  64. janet December 13, 2017 at 2:09 am #

    To those who distract and provide misinformation by saying “there’s not a dime’s worth of difference” between the two major parties.

    “The Republican tax bill aims to cripple the solar power, wind power and electric vehicle industries at the behest of GOP campaign donors from the fossil fuel sector, seven Democratic senators said Tuesday.

    At a press conference, Democrats called on Republicans to either restore tax benefits for the renewable energy industry taken away in the bill or dramatically reduce current giveaways to oil, gas and coal companies — the latter of which total nearly $700 billion per year, according to a 2015 calculation by the International Monetary Fund.”

    • K-Dog December 13, 2017 at 12:16 pm #

      So what?

      “The Republican tax bill aims to cripple the solar power, wind power and electric vehicle industries at the behest of GOP campaign donors from the fossil fuel sector, seven Democratic senators said Tuesday.

      It is going to take a lot more than solar, wind, and electric vehicles to save the world. Democrats have no more of a refined policy with which to move into our future than the Republicans do. Both parties are ignorant concerning the future, the only real difference between the two being that the Democrats are more techo-narcissistic than Republicans are.

      • janet December 13, 2017 at 5:33 pm #

        “It is going to take a lot more than solar, wind, and electric vehicles to save the world.” –kdog

        It’s not just about “saving the world” … it is a question of simple justice. Subsidize both energy industries… or don’t subsidize either… but Democrats say don’t favor the dirty one over the clean one.

        The point, the answer to “so what?” is that Republicans want $700 billion in subsidies to dirty fossil fuel industries, while eliminating subsidies to clean alternative sustainable energy sources. Democrats disagree with Republicans and prefer a policy that is fair and just to all.

        Republicans and Democrats are different.

        • CancelMyCard December 13, 2017 at 10:27 pm #

          “Republicans and Democrats are different.”

          The congress is owned . . .

          either party . . . .

          By the corporate interests that buy them.

          Janet, if YOU think for one stinking moment that the

          Democrats take no money from the

          Corporations that contribute

          to the Republicans . . .

          Then your are FAR stupider than you look.

  65. FincaInTheMountains December 13, 2017 at 2:32 am #

    21 thousand 406 votes

    There were 669,860 votes cast for Doug Jones
    For Roy Moore 648,454 votes

    Total victory to Hillary Clinton in Alabama brought 21 thousand 406 votes.

    The write-in right was used by 22,773 voters.

    This category of voters should be called “for everything good, against everything evil”!

    Oh, I would not want to be on the Last Judgment, being a member of this category!!!

  66. FincaInTheMountains December 13, 2017 at 7:17 am #

    You will see what will begin now!

    Imagine tomorrow’s headlines: Democrats won in the Republican state because Trump’s voters turned their back on him! The machine of political terror, accusations of rape 40 years ago, the manipulation of the judicial system and the media was on the verge of collapse, and now, once it has proved effective, investments will pour into it and it will indeed become very effective

    But the worst is terror attacks! Bastinda will avenge America for the fact that she has not been voted for for so long!

    And in Russia there will be Orthodox Christians who will rejoice at this – and it will be worse for them at the Last Judgment than those who were for all good and against all evil in Alabama.

    But worst of all will be for bloggers who could affect the situation, but were too lazy to do it.

    • K-Dog December 13, 2017 at 12:05 pm #

      Good luck finding an Orthodox Russian Christian who knows what and where Alabama is If you do find one I’ll say he won’t give two shits about who won the Alabama’s election.

      A small win built up to epic proportions by the media. One corrupt party of elites battling another corrupt party of elites.

      I do not care to accept forty year old he-said she-said stories as fact even if the accused are people I find personally distasteful. Were the Democratic party to embrace the possibility of collapse and determine that the country needed to be put on a sound footing to prepare for a janky future I could change my mind but that is not going to happen. Democrats tend to be cornucopians totally out of touch with reality. Republicans as disgusting as they are, at least recognize the world has limits. Their answer unfortunately is just to take it all for themselves.

      Both major American political parties have only a sophomoric, skin deep world view. Their immaturity combined with their power make both parties dangerous for the little guy. Only people from scalable professions can enter the upper ranks of either party.

      A scalable profession is good only if you are successful; they are more competitive, produce monstrous inequalities, and are far more random with huge disparities between efforts and rewards — a few can take a large share of the pie, leaving others out entirely at no fault of their own.

      One category of profession is driven by the mediocre, the average, and the middle-of-the-road. In it, the mediocre is collectively consequential. The other has either giants or dwarves — more precisely, a very small number of giants and a huge number of dwarves. – Nassim Nicholas Taleb

      In other words only people with a lot of money can be high ranking Republicans or Democrats. In other words people with distorted and incorrect ideas of how the world works. This can lead to only one thing. Doom!

      Consider Dwayne Douglas Johnson, also known as ‘The Rock’. He could be our next president, the idea is being floated around. Dwayne I’m sure is a really nice guy but he has to have a totally scalable world view. Were Dwayne to become president the little guy is going to be totally left out. I could never vote for him. To Dwayne and people like him success is just a fact of life. That any part of their success is the result of luck or others being left behind so they could have all success to themselves is a concept they won’t entertain. For them success is a matter of hard work and that is all there is too it. To elites the idea the world should move in a direction where only one guy has everything makes total sense.

      You will see what will begin now! – Finca

      A whole lot of nothing is what happens now because really things are now the same as they have always been. Only a face has changed.

      • beantownbill. December 13, 2017 at 12:48 pm #

        Old, cynical me agrees with old, cynical you. By definition, 50% of the population have double digit IQs. Not that I’m an intellectual snob, but how can the general population deal effectively with the complexities of today’s world?

        • Once upon a time we taught children logic in schools which is preliminary to understanding how to think and thus make the most of the intelligence they possess. Instead we force them through a gauntlet of abuse.

          And here we are today, a nation of adults who cannot determine what is and is not true, having understood that facts come from a heirarchical authority, and implicit understanding that relative social value is correlated to apparent wealth and privilege.

        • capt spaulding December 13, 2017 at 2:06 pm #

          They can’t, but that is also why you also have asshole opinions. They don’t like to think, and anyway Rush tells them what to think.

      • Janos Skorenzy December 13, 2017 at 2:32 pm #

        Limits? The Republicans don’t recognize economic limits – it’s anathema to their capitalism. And you don’t recognize the human limits of race. You want to smoosh everyone together no matter how incompatible. In this, you are no more organic than the Republicans.

        What exactly don’t you like about the Democrat agenda? It’s open borders and the importation of poverty and ignorance?

        • Elrond Hubbard December 13, 2017 at 3:41 pm #

          K-Dog: “Democrats tend to be cornucopians totally out of touch with reality. Republicans as disgusting as they are, at least recognize the world has limits.”

          Janos is quite right about the Republicans, and you’re wrong, K-Dog. The Republicans are the party of ‘clean coal’, drill-baby-drill, and driving your Humvee from your exurban McMansion to your favourite steakhouse for dinner a hundred miles each way.

          Neither party deserves to be taken seriously on the subject, but the Democrats at least have heard of the idea of limits — enough to greenwash themselves with solar- and wind-power branding.

          • ozone December 13, 2017 at 7:21 pm #

            Elrond,
            Well there ya go; the Repubes lie by ‘commision’ and the Demo-ns lie by ‘omission’. The result of course is an ‘e-mission’ of fraudulent information and a hearty nutrition for delusions.

        • K-Dog December 14, 2017 at 3:42 pm #

          No, if the Democrats understood limits they would take resource depletion one climate change seriously. They don’t or they would be advocating lifestyle changes and not persisting under the delusion that technology can fix everything. All we have to go is go green they say. Further as they do not consider overpopulation at all they can’t be taken seriously at all.

  67. volodya December 13, 2017 at 12:16 pm #

    Abracadabra pretty much sez it. Smoke and mirrors which even a reasonably literate and numerate high school student should be able to see straight through.

    Yet people are expected to believe the unbelievable as touted by greatly experienced, highly credentialed “experts”. After all the Eccles Building is bursting with PhDs.

    The problem is that the creation and propagation of bullshit is how a handful of billionaires hang onto power. At least for now. The Fed with all the ruses and schemes is a case in point.

    So who do ya trust? “Experts”? As the visually apparent evidence of the past few decades has shown, there’s nobody as full of shit as an “expert”.

    Statistical agencies grind out bullshit. The narratives woven around their numbers are bullshit. Intel agencies peddle bullshit. Russian interference? Bullshit. Russian collusion? More bullshit. The Steele Dossier? 100 percent bullshit.

    Do you trust news media? How many times have they had to retract stories about potentially serious wrong-doing by Trump or one of his team? What allegedly respectable outlets like CNN and ABC and WaPo were selling were thinly disguised, anti-Trump hit-jobs ie pure bullshit.

    The press decries Trump’s attacks on them as dangerous and anti-democratic but it’s like Glen Greenwald sez, ALL of the retracted stories were in one direction, all of them making fact-free allegations against Trump. The farcical CNN fuck-up about wiki-leaks being in league with Trump is just the latest.

    Or maybe they weren’t fuck-ups. We’re in the age of “my truth” truthinesslessness* so maybe it was deliberate.

    You want “alternative facts”? Go to CNN, ABC where they make shit up and keep firing it at the wall to see how much sticks. When they’re found out, they squeak out mouse-sized retractions. So the lie sticks and the correction doesn’t get noticed. The purpose? To create a public groundswell to nullify the November election. And so everyone with their head and heart in the right place “knows” there was Russian meddling and collusion.

    What good is the press if their stock-in-trade is bullshit? This isn’t in aid of a free and democratic country, it’s the opposite.

    * tm JHK

    • beantownbill. December 13, 2017 at 12:43 pm #

      In order to have a true picture of current events, one needs to be able to discern experts from shmexperts.

    • I’m no expert, but it appears that CO2 ain’t good for the atmosphere, or anything that depends in it, and that the Russians obviously spent a middling sum to employ their people to blast fake news all over the internet to influence JimBob and BettieSue to vote for an obvious con man for president.

      Volodya, you seem a bit strident today. Do you get a 5% bump in commission for writing this stuff? Or am I wrong, and you are just a freelance? You could get paid for this stuff.

      • volodya December 13, 2017 at 1:23 pm #

        I could get paid? You don’t say. I guess you would know.

      • Janos Skorenzy December 13, 2017 at 2:34 pm #

        If so, they did a good deed. Hillary was the worst of both camps, a Hawk and a vicious Dove who wanted open borders for the whole Western Hemisphere. The Russians wanted Trump as did all sane people in order to stop her.

        • CancelMyCard December 13, 2017 at 10:34 pm #

          But, you’d rather have Adolph Hitler,

          right, Janos?

      • beantownbill. December 13, 2017 at 2:37 pm #

        You’re forgetting plant life, which take in CO2 and exhale O2, which most other life forms need to survive. Vegetation is what allowed our oxygen-based life to exist in the first place, as the Earth’s original atmosphere was probably methane-based.

  68. volodya December 13, 2017 at 1:59 pm #

    K dog, forty year old stories trotted out a month before the election. Hmmm, does this look like a political hit-job to you? It sure does to me.

    Myself, I’d have a few questions about this whole affair especially about the 14 year old. I mean, adult men messing with 14 year old girls is serious shit. Didn’t the girl have an adult she could turn to at the time? You know, like mom or dad? Or barring mom or dad, a grandmother or grandfather? Or an aunt or uncle?

    You know, this kind of stuff has to be dealt with. So assuming that she DID have someone to go to, and she DID speak to them about this guy’s actions, what did the adult do? Did they make a complaint with the police? Did the police act on it? And if the girl DIDN’T tell a responsible adult, why not? What were the circumstances?

    As for the other accusers, what were they waiting for? Why come out after all these years just before a senate election?

    Or is even asking these questions unworthy? Do tell me if it is. Does it demean the victims?

    Do I sound contemptuous to you towards the press? I am. I don’t apologize. It just looks to me that the newspaper that publicized this stuff had not the slightest concern for justice. See, the timing of the release, decades after the fact, a month before the election, makes the newspaper’s motives just a tetch suspect.

    This is slimepit politics. Could it get worse? Oh sure, just look at that Seth Rich murder. WTF happened? Robbery? Nothing was taken. He worked for the DNC. Given that Assange put up a 20 big ones to find the shooter makes you wonder. Especially since it was Assange’s boys that put the DNC emails on-line and Assange sez the Russians didn’t do it. So who dunnit?

    • beantownbill. December 13, 2017 at 2:31 pm #

      I tend to agree with you about the Moore campaign, but there’s another possible reason why the story could have been broken: When the women learned Moore was running for office, they couldn’t abide the idea, plus they wanted revenge. They might have felt powerless all these years, and then they finally got their opportunity to hurt him back – and at the worst possible time for him.

      I’m not saying this is the case, but to be fair, we ought to consider all the angles before making conclusions.

    • Janos Skorenzy December 13, 2017 at 2:36 pm #

      People out thar used to introduce their teenage daughters to older men hoping to spark interest. The idea of women waiting until their 40s to have kids doesn’t have much biological reality to it. Almost as crazy as adopting Black and Asian kids.

      • CancelMyCard December 13, 2017 at 10:37 pm #

        The wacko continues to spout mindless drivel.

        • Janos Skorenzy December 14, 2017 at 6:57 pm #

          Society’s played you a terrible trick. Deep down inside you are sick. You are Sick. You are Sick. You are Sick, Sick, Sick. Deep down inside you are Sick.

          Maybe you should become a Sikh?

  69. capt spaulding December 13, 2017 at 2:07 pm #

    They can’t, but that is also why you also have asshole opinions. They don’t like to think, and anyway Rush tells them what to think.

  70. capt spaulding December 13, 2017 at 2:27 pm #

    The word online is that Doug Jones won the election, and Roy Moore came in a little behind.

    • capt spaulding December 14, 2017 at 2:46 pm #

      Roy Moore came in a little behind?….. Anybody?

      • elysianfield December 14, 2017 at 6:43 pm #

        Capt.
        Got it the first time…it was a dirty crack….

        • capt spaulding December 15, 2017 at 8:21 am #

          Ha ha, good on you, elysian.

  71. FincaInTheMountains December 13, 2017 at 4:29 pm #

    The real elite

    When I call the English elite real, I do not mean that it is highly moral, or more intellectual than the Russian or the American one. I only mean that they have been faithfully serving the British Empire for 7 centuries, and the British working class, hating all the upper classes, still sees the difference between aristocrats and the bourgeoisie, and in the Time of Troubles, when the good old England is seriously threatened by an external enemy, always becomes on the side of the aristocracy.

    For comparison, look at the Soviet Union – as a result of the Great Patriotic War, the “Bolshevik elite” has undoubtedly gained legitimacy in the eyes of the people as the organizers of the victory over the deadly mortal enemy, but see how quickly they lost this legitimacy and now the word “elite” in Russia became as swearing word as “democracy”.

    And with Russia this is the third time such a story happens: the first time is undoubtedly during the Time of Troubles, and the second time is a short period from February to October 1917.

    Russia to educate its elites, in my opinion, should study the English experience, the basis of which until recently was the system of social lifts, perfectly operating in the conditions of evolutionary development, of which the most important are the systems of Grammar and Public schools.

    And one of the reasons for the conflict in English society that led to Brexit and the Civil War in the United States is that the European-oriented globalist “elite” of Britain (that is, the notorious bourgeoisie) raised a hand on this system of social lifts that are the backbone of the British monarchy. The point is that in Britain the meaning of the term public schools is directly opposite to the meaning of this term in the US – in particular one of these schools is the notorious Eton.

    And this system is inseparable from the system of Grammar schools, meaning classical education, as a result of which the national idea gets articulated that keeps “elite” children from turning into arrogant swaggers, that is traitors, and those who have risen in a social lift, into unprincipled careerists.

    The most interesting thing is that Russia was originally implicated in these British social quarrels, as the rise of the British bourgeoisie began with the attack of Light Cavalry Brigade on the Russian positions in Crimea, when the polite people of Nikolai the First knocked out a whole generation of English aristocrats, and the thin red line of British (Scottish) bourgeois won the fame on the battlefield and became the new elite of the Great Britain.

    “The Charge of the Light Brigade” Animated Sequences (from the 1968 Film)

    youtube.com/watch?v=u8kIPiyhw4A

    In view of the foregoing, it was the English aristocracy led by the Queen, who saw that the European Union was turning into the Fourth Reich, decided on the need for Brexit, and first of all held a referendum in Scotland to be able to give up when Scotland wanted to stay in the European Union.

    The decision was taken before the Scots referendum by the Queen’s Secretive Privy Council when it became clear that the Clintonoids (aka ODESSA) had nothing against the fact that the two countries that defeated Nazi Germany would destroy each other and intend to experimentally test not only the presence of the Russian Red Button, but also of the finger that is willing to push it. They made this film, the most notable feature of which was that in it the members of the Queen’s Privy Council played by themselves, step by step making decisions about “restraining” Russia in response to its aggressive actions, which lead United States and Russia to exchange nuclear strikes.

    World War 3 – Inside the War Room

    veoh.com/watch/v100958706dgM8wMZd

  72. Elrond Hubbard December 13, 2017 at 4:37 pm #

    Minnesota Lt. Gov. Tina Smith Will Replace Al Franken, and Run in 2018

    theslot.jezebel.com/minnesota-lt-gov-tina-smith-will-replace-al-franken-1821263086

    “Minnesota Gov. Mark Dayton has appointed Lt. Gov. Tina Smith to fill Al Franken’s soon-to-be-vacant seat. Smith, a former political operative who was also VP for public affairs at Planned Parenthood Minnesota, announced that she plans to run for her seat in the 2018 special election, a shift from earlier reports that she would just be a placeholder. Her appointment means that she and Sen. Amy Klobuchar will be the first pair of women senators in Minnesota’s history, which feels appropriate, doesn’t it?”

    The only constant is change. May the Senate extend a warm welcome to its newest members from Alabama and Minnesota.

  73. janet December 13, 2017 at 4:38 pm #

    What exactly don’t you like about the Democrat agenda? It’s open borders and the importation of poverty and ignorance? –janos

    I like the Democratic agenda to protect undocumented immigrants, to protect all immigrants.

    For a quick picture of immigrants’ contributions to the US, take a look at the country’s Fortune 500 firms. Of the companies that made the list in 2017, 43% were founded by an immigrant or the child of an immigrant. startupsusa.org/fortune500/

    We need to open the borders and welcome more immigrants. They contribute so much to our nation, whose motto is E PLURIBUS UNUM.

    E PLURIBUS UNUM. A multicultural… multiracial.. religiously pluralistic nation (freedom for all faiths and for atheists, too).

    An America I love.

    • janet December 13, 2017 at 5:01 pm #

      43% were founded by an immigrant or the child of an immigrant.

      That is importation of wealth created by immigrants. That is knowledge brought by immigrants. That means jobs for native-born Americans are provided by immigrants.

      Immigrant-founded Fortune 500 firms are headquartered in 33 of the 50 states, employ 12.8 million people worldwide, and accounted for $5.3 trillion in global revenue in 2016.

      Open the borders. Welcome immigrants… with or without papers. Legalize those without papers. No “path to citizenship” bullshit hoops to jump through. Full amnesty. Immediate citizenship and voting rights. They pay taxes, they should be able to vote and run for office. No taxation without representation.

    • Janos Skorenzy December 13, 2017 at 5:51 pm #

      Yeah cuz the essence of America is immigration. Immigrants are more American than Americans, right genius?

      And that translates as “Out of One, many” as Al Gore said, right genius?

      Assimilate? Why? Into what? They are the essence just as they are! Thus Allahu Akbar is more American than Separation of Church and State, right genius?

      • CancelMyCard December 13, 2017 at 10:40 pm #

        Another wacko reply

        from the Clusterfuck

        resident racist bigot retard.

        • janet December 13, 2017 at 11:32 pm #

          Another fact-free wacko reply. LOL!

          Probably hurts his white nationalist ego to see facts presented that show immigrants are creating jobs for whites.

        • cbeard December 14, 2017 at 2:37 pm #

          I wouldn’t call the reply from Janos wacko. Anyone who doesn’t understand overpopulation and the fact that the U.S. can’t allow the entire population of the planet to move here is the wacko. Such as you, cancelmycard and janet. Not to mention the culture clash and total refusal or maybe inability to assimilate. MAGA bitch.

          • Janos Skorenzy December 14, 2017 at 2:49 pm #

            They typically get very angry when I make their brains work despite themselves. Cuz any brain activity quickly reveals that their world view is nonsense – and at root, exactly that of the Globalist Corporations who they think they’re against.

  74. ozone December 13, 2017 at 7:42 pm #

    “Welcome, fer’nerz, weirdos, idiotically clothed, ignorant, pale-faced, arrogant, damned, frightened, vicious, possessed of no hunting or planting skills — IMMIGRANTS”, quoth the Injun-humans. And Doom drew its blood-rusted (but exceedingly sharp) blade. Scrrrrritch

    • janet December 13, 2017 at 11:41 pm #

      “And Doom drew its blood-rusted (but exceedingly sharp) blade. Scrrrrritch” — ozone

      Against which no caliber of gun or rifle can defend you. Doom is impervious to bullets. Who are you going to shoot? Will it make you feel better knowing you killed other human beings before you die? With or without firearms you are going to die. Don’t take anyone else with you. That is terrorist mentality justified by claiming “self-defense”.

      • janet December 13, 2017 at 11:52 pm #

        This is posted in the wrong place.

        It was a reply to Ozone saying: “I’m with Walter B.; I prefer to go out knowing perfectly well who my enemy is/has always been.”

        Enemy? You have enemies? I feel sorry for you. I find it is better to live without enemies… only friends… friends you trust who also trust you.

        Trust is not possible when you are busy creating or imagining enemies. Irrational paranoia (rampant on CFN) breeds mistrust.

        • elysianfield December 14, 2017 at 6:47 pm #

          “Enemy? You have enemies? I feel sorry for you. I find it is better to live without enemies… only friends… friends you trust who also trust you. ”

          Janet,
          Were you in the same Marine Corps as the SecDef? Does the Salvation Army also field a Salvation Marine Corps?

  75. ozone December 13, 2017 at 7:57 pm #

    …And the pale-faced murderers’ priest/leaders saith: “Let there be Fed!” …And there was Fed and it was good — at sucking the wealth out of those who had made it to those that had not. And that was exceeeeedingly good, even to the detriment of po’ white trash… along with everyone else who was “not in the Club”.

    Abra-ca-fuckin’-dabra bitches! All this goddamned distraction is absolutely purposeful. I’m with Walter B.; I prefer to go out knowing perfectly well who my enemy is/has always been. At the very least, those who follow on may not be so easily deceived. That very least thing may turn out to be very large in the survival arena.

    • Janos Skorenzy December 14, 2017 at 2:47 pm #

      Well said, Zone. That’s who the Nazis were fighting: the Bankers and the Capitalists whose loyalty was to them, not the People. Yet you reject the 3rd Way – above both Capitalism and Communism – when it comes to social issues. It cannot be. In for a penny, in for a pound. The Anarchist solution is no solution at all as they always march with the Communists. And even IF the Communists didn’t purge them after the Revolution, their Chaos and/or Localism simply won’t stand the challenges of other Actors sure to arise, be they foreign or local.

  76. FincaInTheMountains December 14, 2017 at 8:03 am #

    My point of view unexpectedly received a serious confirmation

    The British monarchy responded to the defeat in the Great Alabama Battle by a serious blow to Teresa May, who suffered a crushing defeat in the House of Commons, and to lick the wounds inflicted by the loss of the key vote on Brexit went of all places to Brussels.

    bbc.com/news/uk-politics-42346898

    Apparently, the flying monkeys will do anything to have Roy Moore lost, and it was known in advance to all intelligence agencies of the anti-Clinton coalition and I assure you that Roy Moore decided not to concede yesterday’s elections after a very serious conversation between Steve Bannon and London.

    washingtonpost.com/news/morning-mix/wp/2017/12/13/roy-moore-saying-immorality-sweeps-over-our-land-d…

    And President Trump did not call London and congratulated Dog Jones on winning too quickly because he considered the successful passage of the tax reform aka preventing a new war of the global economic crisis an absolute priority.

    And his congratulations to Doug Jones, if it is necessary he, after reconciling the tax reform between the Senate and the Congress, will easily take back and say that he always thought that Hillary had forged the results in Alabama, but the position obliges.

    He has already won the battle for his voter and I will tell about it in a new portion of New York rumors. Meanwhile, Roy Moore’s denial of the election results will slow down the entry of Doug Jones and prevent him from taking office and casting his vote against this bill.

    In the meantime, Trump responded to the loss in Alabama by publishing documents on the violation of NATO’s promises to Gorbachev, as well as on forcing him to sign a law on anti-Russian sanctions. And this is the best help to Roy Moore in the fight for Alabama.

    In a meantime Vladimir Putin responded to the Great Alabama Battle and impudent forgery of the results of the elections by running for President of Russia as an independent. This is his special gift to Hillary Clinton, he paid off his debt to Medvedev and now owes nothing to anyone else. And this means that after (if?) the fourth election of Putin to the post of President of Russia, the economy will also become the object of attention of the polite green people (as in Crimea).

    You must understand that if you consider events in isolation from each other, then you will simply drown in them and become an easy prey for the CIA’s “Mockingbird” department despite your strong emotions towards the US, the West, the British monarchy or whoever you are there hate more and blame yourself for your troubles or misfortunes.

    And I’m not going trying to convince you that this is not so, but I want you to see the order in the avalanche of historical events that hit us all, and also to understand that this order is a completely natural result of the millennial development of mankind, and not just Russia, England or Germany.

  77. pequiste December 14, 2017 at 11:41 am #

    And just like the stock bumper segment from the Rocky and Bullwinkle show:

    youtube.com/watch?v=pc4IFIXcDcs

    ….and presto – the Dow Jones is within sneezing distance of 25,000 while Bitcoin languishes at around 17,000. The stock market index will certainment hit 25,000 for Xmas; Bitcoin is another matter with the British authorities removing the value-added tax on transaction for the krypto kurrency:

    telegraph.co.uk/finance/currency/10672035/Britain-to-end-VAT-on-Bitcoin.html

    Bitcoin onward and upward to 100,000 bucks.

    This time it IS different!

    IN other magickal-season Celebrity Perv news; two rather surprising contestants from the world of American media’s most Liberal pinko network. Yes, NPR has pulled the pants down on Tavis Smiley and Tom Ashbrook of “On Point.” I always enjoyed Ashbrook’s program for its variety of subject matter, balance of guest’s politics and comprehensiveness of the discussion. Well who in hell needs that when we can have LeBron James incisive analysis and pronouncements on NFL, NBA and BLM matters bitchez.

    • pequiste December 14, 2017 at 1:41 pm #

      The more I perseverate on the nomenclature, I rather like the appellation Pinkoprog to better elucidate the characteristics of the American left.

      Would also make a great name for a variety of consumer products.

  78. akmofo December 14, 2017 at 12:37 pm #

    Abracadabra implies faith. If you have no faith, and too many don’t, you are really setting yourself for failure and depression. What makes immigrants so valuable is not their skill set, but their faith. I see this every day in Israel. Immigrants who come with no money, no language, immigrants that arrive to a completely alien climate and environment, and they flower. Flower into something that they never could in the countries they left. This is because they have faith, and every action they take is born out of this faith.

    • Janos Skorenzy December 14, 2017 at 2:53 pm #

      And as Blacks and Black Jews conquer more and more of your Women – with your Cuckish approval – millennia of Jewish selective breeding goes down the drain. I love it – just as Jews cheer the demise of my Race.

      • akmofo December 14, 2017 at 3:34 pm #

        When we sing Hatikvah we are all one.

    • Faith has a definition: Belief without evidence.

      In the case of the immigrant, there is no need for faith.

      Central Americans get ten to twenty times the average wage of the country they came from for scrubbing toilets and picking vegetables. They don’t need faith to secure these things; it is common knowledge.

      The reality of the promise of free housing, health care, education, and stipends is what compelled millions of male muslims to travel overland to germany.

      Asylum is real; no faith required. Thus millions of male Africans will cross the deserts and brave the high seas of the mediterranean.

      What the beneficiaries (those fruit munching, stock dividend receiving, hotel-going, automobile travellers) require to protect their egos are a story to provide the benefits of self-congratulatory virtue for people whose discounts on out of season fruits and vegetables, cleaned hotel rooms, and cheap gasoline.

      This story is additional emotional capitalization of the immigration economy. A “Look on the bright side”, a commitment to mindless optimism, willful ignorance, and baseless belief that the world

      Objectively, the brain drain of migrant countries’ political economy, an exploitative foreign policy tailored for corporations, and the disenfranchisement and evisceration of their own middling and lower classes’ prospects is what occurs because of the perverse incentives created by capitalist political economies.

      We could have a different foreign policy that helped diversify and grow foreign economies, and promote a democratic and open political economy, but, there was money to be made and meat to be cut, toilets to wash, and oil to get.

      The immigrants readily accept and repeat the faith argument because in the case of their domestic allies, the upper classes, love to hear about it.

      • Elrond Hubbard December 14, 2017 at 3:29 pm #

        Debbie, your post several incomplete. Are okay?

        • I forgot that brevity is the soul of wit.

          I’m at my wit’s end, however, with the defenders of the status quo.

          To argue against the status quo requires an uphill battle with any counterargument flanked, any point addressed. Still it fails because accepting any proposition as true is not a requirement in argumentation or in life.

          Thus the status quo remains, effortlessly at the summit of all intellectual accomplishment.

          CO2 pollution will be handled. Migrations are good if not better than, the population at large! Forests grow back. With a few more billion dollars and a laptop for every kid our children will certainly beat out the Asians to be the first to field the autonomous battle robot. Praise Jesus! The promised land is nigh! My pitiful collection of gold and silver coins will someday be worth something… & etc.

          • ozone December 14, 2017 at 5:06 pm #

            L’il Deb,
            “CO2 pollution will be handled. Migrations are good if not better than, the population at large! Forests grow back. With a few more billion dollars and a laptop for every kid our children will certainly beat out the Asians to be the first to field the autonomous battle robot. Praise Jesus! The promised land is nigh! My pitiful collection of gold and silver coins will someday be worth something… & etc.”

            You’ve pulled the lever on a classic dis-info technique. A belief that ancient store-of-value metals will someday have exchangeable value again is not a widely-held one. (At least not where I live. As you might guess, not a lot of Kunstler readers ’round these h’yar parts.)

        • Coming back to blog comment writing reminds me why I stopped 4 years ago.

          Its the simple lack of insight evidenced by people that just repeat unoriginal platitudes that resolve any real problem or issue by reducing it to a caricature.

          Immigration, for example. Was it ever not a symptom of political, economic and ecological destruction?

          It wasn’t enough to swell America’s population by 33%, eviscerate its real and political economy, and saddle ourselves with debt.

          It wasn’t enough to push Mexico and Honduras, El Salvador and Guatemala further down into being mere client states for the benefit of industries largely patronized by the wealthier cross sections of American society.

          It is the incessant make-believe, the irreducible appeals to faith, cute stories with neat, simple narratives. Its discussion with morons I don’t know in the vain hope it will be different than discussions with the morons I do know.

          • akmofo December 14, 2017 at 4:38 pm #

            People can vote with their feet and do. It’s really that simple.

          • elysianfield December 14, 2017 at 6:52 pm #

            What lil Debbie said….

          • Janos Skorenzy December 14, 2017 at 6:55 pm #

            Yes, that’s why is so criminal when Israel kicks out non-Jews who just want to live a good life on your dime. Who the hell do you think you are? I’m not taking about the Palestinians either. Obviously they’re going to be coming back and they have Right on their side. And Right makes Might.

          • akmofo December 14, 2017 at 9:35 pm #

            @ elysianfield

            I guess you actually understood what Ol’ Deb wrote. I didn’t. What’s the argument here? That America will have to share its ill-begotten wealth with those it got it from? That it would be better for America to repatriate its ill-begotten wealth rather than repatriate those that have come to reclaim some of it for themselves? How are those sentiments different from those of the “status quo”. Maybe you can clarify?

          • elysianfield December 15, 2017 at 11:06 am #

            Mofo,
            It is a comment that defines…straight-up realpolitik…countries do not usually operate against their own interests…it is arguable that immigration in this century did not provide a positive ledger entry in this country’s profit and loss statement. Debbie’s argument defines the current impact…other arguments embrace the future benefits that MIGHT accrue.

  79. pequiste December 14, 2017 at 1:37 pm #

    Well, maybe not 100K for Bitcoin.

    An IT aficionado just told me that the IRS recently had a court ruling in their favor concerning the release of personal transaction information rather impugning the crypto’s alleged but famed none-the-less anonymity benefit:

    fortune.com/2017/11/29/irs-coinbase/

    Unkle Sam wants his cut and he is going to get it one way or the other.

    • Capital gains tax. Yes you have to pay it. Bitcoin will go to 100k anyway.

      • elysianfield December 14, 2017 at 7:15 pm #

        “. Bitcoin will go to 100k anyway”

        No, Debbie, it will not. There will be an event…either black swan or entirely engineered, where the system will “fail” and most everyone invested (‘cept maybe the whales) will be rendered…well they will just be rendered.

        If Bitcoin reaches your projection…I will grovel, weep, indulge in self abasements…pebbles in shoes, flesh mortified with flails…I will scream apologies to the high heavens while crawling in broken glass.

  80. Ludwig Beck December 14, 2017 at 3:52 pm #

    Anybody know anything about “The Petrodollar”? Should we be more concerned with this than Bitcoin or is this just Kremlin propaganda?

    China about to knock out petrodollar by trading oil in yuan

    China’s launch of ‘petro-yuan’ in two months sounds death knell for dollar’s dominance

    How Petrodollars Affect The U.S. Dollar

    • Two of those articles are from RT, which is nothing but Kremlin fake news propaganda. Almost as bad as Zerohedge.

      You should be concerned with Bitcoin, though. Its going to 100k, and your fiat paper is losing 5% per year

      • FincaInTheMountains December 14, 2017 at 4:33 pm #

        Its going to 100k, and your fiat paper is losing 5% per year

        The organizers of the pyramid decided to urgently convert their virtual billions, and for this it is necessary to lure more suckers with real money?

  81. janet December 14, 2017 at 5:22 pm #

    “People can vote with their feet and do. It’s really that simple.” –akmofo

    Yep, there are 6.32 million American expats living abroad. They voted with their feet and got the hell out of the USA… to live the good life elsewhere… and the expats didn’t look back at those still here. We cannot say to the expats good riddance … because they have it much better than we do.

    The joke is not on the expats in tropical climes who left. It’s on those who stayed behind and are now shoveling snow… or waiting for the next hurricane… or the next terrorist attack… or the collapse of the petrodollar… or the collapse of the whole USA shebang.

    • Ol' Scratch December 14, 2017 at 7:35 pm #

      Thanks janet-bot. You’ve followed your programming well.

  82. Ol' Scratch December 14, 2017 at 8:12 pm #

    Intriguing link from a commenter at NakCap today:

    thebaffler.com/salvos/oculus-grift-shivani

    Title: Oculus Grift: Capital as the Cutting-Edge App. Thesis: Capitalism is AI.

    Commentary: Obviously written by a millennial, albeit someone of Indian origin who’s obviously “smarter” than everyone on this board combined, even not counting janet and her associated bot network. His thesis is intriguing and the piece makes for a good read, although in the end the entire thing comes down to agency: denying it to the humans who are responsible for ceding their authority to such abominable systems in the first place, and falsely granting it to (now computerized) systems and then blaming them for our foolishness. I believe the egg-head shrinks might refer to such nonsense as “transference,” or some such shit, but whatever you call it, it’s fucking insane.

    Regardless, the piece makes some excellent points. An excerpt:

    “If we can argue that capital as AI is strong enough to generate crises by itself, as a way of learning by doing, or gaining further experiential knowledge about its opponents (regulators, central banks, political parties and their constituencies, or other categories of competing knowledge altogether), then we can also argue that no form of financial imperialism exists. If the goal of capital as AI is to include everything within its purview, then crises provide the opportunity to rope in more spheres of what we call life within its “liberating” logic.

    On the other hand, purported brakes on capital’s autonomy, such as the Securities and Exchange Commission (SEC) in the United States, ratings agencies, accounting firms, central banks (such as the Federal Reserve), and political actors of any kind lose power with each crisis. There is no conceivable situation where capital can fail, or be allowed to fail (on the grounds, as is now commonly recognized, that component entities are simply “too big to fail”—another formulation that translates capital’s AI imperatives into human-engineered financial policy).

    Can we imagine civilization functioning in any recognizable form if we pull the plug on capital? We have reached a point where, far from conceptualizing a mode of life not dependent on capital as AI, we cannot even imagine a situation where capital’s power can be regulated; no country on earth is currently succeeding in this venture, though some, particularly in Latin America, have recently tried.

    Capital has become so autonomous (the mind-boggling numbers reflect the power that stems from this autonomy) that the state as we knew it has ceased to exist as a competing power. The state, to the extent that finance dominates every decision the state makes, has become absorbed in capital. The state is merely part of the external architecture capital has learned, very intelligently, to maneuver around, with the eventual aim of extinguishing it.”

    In closing, a note to the janet-bot and her witches coven: Don’t think I haven’t noticed that everytime I go silent for a day or two, you sprout new shoots of disinformation like the woody weeds that you are. The reason I even acknowledge this is that I have a similar weed tree in my yard – an aspen – that I’m taking down tomorrow. Like you, it’s truly a “beautiful” curse: a seemingly harmless weed that grows readily wherever you let it, but all too quickly becomes a curse, shooting up new sprouts from its roots and invading all the space near it. At any rate, I’ll be thinking of you all as I watch it’s hearty remains (100′ +!) fed through the wood chipper and hauled of to be sold by the good working class New Mexicans I’m paying to do it to rich, self-congratulatory white Americans you and your ilk support, while only semi-silently saying to myself, “Good riddance, you fucking bitch!”

    • FincaInTheMountains December 15, 2017 at 7:27 am #

      Russians call it casting a shadow on the wattle fence – to thoroughly confuse an issue.

  83. wm5135 December 14, 2017 at 8:20 pm #

    You should be concerned with Bitcoin, though. Its going to 100k, and your fiat paper is losing 5% per year – TG&ITofLDSP

    “That’s the way you do it, money for nothing and your chicks for free” Knopfler

  84. janet December 14, 2017 at 11:48 pm #

    Movie Recommendation: Ferdinand (2017)

    For a simple children’s story about a pacifist bull in Spain who would rather smell the flowers than charge a matador, Munro Leaf’s The Story of Ferdinand generated tremendous controversy, owing to its worldwide popularity and its date of publication, 1936, which found it caught in political crosswinds. It was banned in Franco’s Spain. Hitler ordered it burned as “degenerate democratic propaganda” in Nazi Germany, though it was republished and distributed for free in the same country once the war was over, to teach children a message of peace. Gandhi was a fan. So was H.G. Wells.

  85. FincaInTheMountains December 15, 2017 at 7:33 am #

    Anybody know anything about “The Petrodollar”? Should we be more concerned with this than Bitcoin or is this just Kremlin propaganda? == Ludwig Beck

    Ludwig, it is Kremlin Propaganda.

    So, when you come across any, pls send it immediately to me for ideological disinfection.

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