There's Only One Way Forward For Europe, And This Isn’t It

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September 27, 2012 at 10:48 pm #8432

Raúl Ilargi Meijer

Dorothea Lange "Mississippi Delta. Negro woman carrying her shoes home from church." July 1936 As Groucho once put it: "I've had a
[See the full post at: There's Only One Way Forward For Europe, And This Isn’t It]

September 28, 2012 at 5:59 am #5815

Golden Oxen

Quote Ilargi “Too bad we’re too busy counting our pieces of silver and gold.”

Sir, There are the currency vigilantes and the “so called” bond vigilantes. Might I suggest the former are being a bit more Vigilant. Let’s not even mention the stock market vigilantes, that’s a group to be very pissed off at.

September 28, 2012 at 7:05 am #5817

Viscount St. Albans

The gradually disappearing pension = Greenpeace cubed

Angela Merkel will go down in history as one of the great environmentalists.

There’s too much demand. How would you propose we reduce it, if not through the elimination of future consumption via bank handouts?

A single Barclay’s executive and his golden parachute can do only a finite amount of environmental damage (he can only eat so much steak and fly only so many miles). But 1000 pensioners with imagined wealth….now that’s a lot of steak and a lot of trips to Tahiti. Too much, in fact.

One way or another, we all need to put up with less. The Euro straightjacket is necessary.

September 28, 2012 at 7:09 am #5819

jal

Even if those Spanish pension funds are Bankrupt, Even if all the banks are bankrupt, it doesn’t matter.

What matters is that those who are receiving a check continue to get a check.

Making a budget is one thing but cutting off the checks is another thing.

You might be able to reduce the check by 10% if it only means a cut of less than a few dollars. The result would be no worst demonstration than the present.

However, if 10% represents millions for some powerfull individuals then you have individuals with the means of starting and funding a revolution. Can’t let that happen.

September 28, 2012 at 10:18 am #5821

TheTrivium4TW

Viscount St. Albans post=5515 wrote: The gradually disappearing pension = Greenpeace cubed

Angela Merkel will go down in history as one of the great environmentalists.

There’s too much demand. How would you propose we reduce it, if not through the elimination of future consumption via bank handouts?

A single Barclay’s executive and his golden parachute can do only a finite amount of environmental damage (he can only eat so much steak and fly only so many miles). But 1000 pensioners with imagined wealth….now that’s a lot of steak and a lot of trips to Tahiti. Too much, in fact.

One way or another, we all need to put up with less. The Euro straightjacket is necessary.

Hi Viscount, what you say is true, but the point you miss is that this system isn’t the way to go. The rules laid down for the common folk are not applied for the oligarch folk. They want to limit our showers while they possess private trains and multiple yachts that burn more= fuel in a day than a typical American in a year. And let’s not talka bout heating their 5 castles.

Tyranny is on the run – and if it isn’t quelled… demand will almost assuredly be cut off more than you can ever imagine… but it won’t be done nicely and it won’t be done to the oligarchs.

September 28, 2012 at 10:29 am #5822

TheTrivium4TW

autoearthadmin post=5512 wrote: but hardly his mandate to begin with

Now we are getting somewhere.

The entire media, and by “entire” I mean ENTIRE, falsely portrays the Federal Reserve mandate as a dual mandate to keep stable prices and unemployment low.

This has been true for decades.

All the while the Fed broke its true, singular mandate and, as a direct result, criminally helped to create the worlds largest credit bubble in human history… all with complete cover of the media.

Education is silent on this issue.

Politicians are silent on this issue.

Religions are silent on this issue.

What kind of systemic POWER does all this imply?

BTW, I can’t think of anyone who root causes the problem better than Bill Still.

Bill Still – Hour 1 – The Money Masters & The Secret of Oz

http://www.redicecreations.com/radio/2012/08/RIR-120823.php

Ilargi, IMHO, your commentary and insight into how this fraudulent, Debt Money Tyranny operates is excellent, but Bill’s pounding the table on the root cause… private control of the money supply, money defined as debt and fractional reserve debt money counterfeiting… points the way towards a more clear understanding of a workable solution.

Societies need debt free, sovereign money where the quantity of money is controlled for the benefit of society. By definition, this will require a mass educated populace.

September 28, 2012 at 6:13 pm #5823

Variable81

Sorry, not to be rude… but this seems more like a ‘Commentary’ than a ‘Feature’.

My understanding was that commentaries would be short articles based on the viewpoint of TAE authors, while features would be more in depth, providing multiple sources, and possibly even educational in nature.

Perhaps I’ve misunderstood the delineation between the two…

September 28, 2012 at 7:46 pm #5824

SteveB

TheTrivium4TW post=5520 wrote: Ilargi, IMHO, your commentary and insight into how this fraudulent, Debt Money Tyranny operates is excellent, but Bill’s pounding the table on the root cause… private control of the money supply, money defined as debt and fractional reserve debt money counterfeiting… points the way towards a more clear understanding of a workable solution.

Triv, are you under the impression that TAE is here for the purpose of finding “solution[s]“? That’s not my understanding of their goal.

September 28, 2012 at 8:58 pm #5825

davefairtex

Ilargi -

People follow stock markets. In the sense that if the markets are doing fairly well, they think everything else must be doing fairly well too (like their own lives). And that’s all they do. But you can’t gauge European reality through looking at stock markets.

I have to ask, who is “people” here?

Ok, that was a rhetorical question. I fully realize that the use of the word “people” in the phrase “People follow stock markets” is similar to the phrase “some people say” used heavily at Fox News:

http://www.youtube.com/watch?v=NYA9ufivbDw

As mentioned in the video, its a pretty useful way for someone to state one’s own opinion without actually saying its just an opinion. It can also facilitate constructing a strawman argument which is then promptly destroyed.

Let me try one of my own: “People think that I’m the coolest guy ever.”

I have to say, I like it!

September 29, 2012 at 12:42 am #5826

EMTM12811

I’ve been looking for a way to find people with similar concerns in my local are and recently discovered this new function of local groups on Chris Martenson’s site. I would love to see Automatic Earth have a similar function. Until that time this seems like a good way to find like minded people in your area. Would love to connect with other AE readers in NYC.

It’s under resilient life/ groups

http://www.peakprosperity.com/groups?distancepostal_code=11372&distancecountry=us&distancesearch_distance=5&distancesearch_units=mile&name=&title=

September 29, 2012 at 1:48 am #5828

Professorlocknload

And, so, now that the bill is due for the biggest, wildest party the world has ever attended, the common communes are purging the less productive (useful?) from their midst, since they come with the largest debt baggage. Did they really believe the 55 retirement age, and the rest of the gravy could go on forever? That they could simply paint radio dials on rocks and summon more? (cargo cult) Or was it just too much fun to rein in before it imploded?

Debt based consumption has always been an illusion. Fiat based money is what makes it all possible. A couple key words I picked up here in the post and comments, “Controlled” “Protection”

Governments function as protector of the bankers vs. protector of the public? I see governments ideal roll as provider of a strong judicial system for settlement of contracts, but certainly not as preemptive “protector” of any special interest, public or private, against those who otherwise enjoy the personal liberty and opportunity to make it on their own. Maybe the “protection” powers assigned governments resulted in this malfunction of perceptions of what is real in the first place? More insurance=more risk? Isn’t that what derivatives were all about? Or the confidence, government would always save us if we ran into trouble?

“A government big enough to give you everything you want is a government big enough to take from you everything you have.” Gerald Ford, before congress.

Humm, the same fellow who let us prols own AU again just like the big banks? Wonder he didn’t walk the plank for that.

Are central banks really all to blame here? Is a scorpion to blame for stinging the tortoise who transports him across the river, upon reaching the other side? Isn’t that what scorpions do? And how convenient. A congress shucks it’s monetary responsibilities off on a central bank, freeing it up to fund it’s own special interest, with no political repercussion. “Well, the Fed let me do it?” Of course, every coin has two sides. Imagine a congress controlled fiat currency in an election year?

But I must digress…”When the Student is Ready, the Teacher will Appear.” Buddhist Saying.

Ilargi. Do you really think, at these opening salvos of the confiscation of unpaid for candy, by governments and their friends, from the public that thought it was all a new paradigm, taking up arms is wise? OK, if you are Canadian, maybe, as the government (people) will cover your medical expenses, but it will still hurt, won’t it? And, at this point, with so many special interest factions developing on the streets out there, how could you know you are not making the cure worse than the disease?

Was there, after all, a borrower out here for every lender in there? OK, not me, because I don’t do debt, but somebody enabled the system, no? I can’t choose either side in this conundrum. But, it’s hard to tango without a partner.

Again, Confucius, “Of the 10 ways to avoid trouble, the best is to leave.” Not run, mind you, just back off and contemplate. I have been there, and wouldn’t be here if I had not taken time to reflect on what I thought I saw. Would we be like Ben and Mario, and open fire with all we had on the get go, or wait and see how deep they dig themselves into their hole, then simply kick the dirt in on them, if the banks (dual meaning) don’t cave in on them first? Bolshevik’s? NAZI’s? Did the ends really justify the means?

I propose keeping our powder dry, until foes use theirs up, and are weakened. Is that the same as sitting around and counting “gold and silver?” Or by converting their currencies of mass destruction into future independence, are we doing more of a public service? Do we need more walking wounded on the dole, or more folks opting out of their MSM enabled act, leaving them to their own devices?

Don’t get me wrong, you are doing the saints work here in helping expose this charade. There will be a place for you in “your” heaven. That you are frustrated proves your passion. Can the same be said for martyrs? “Dead men don’t tell tales” Blackbeards Parrot? OK. What are we doing to avoid the obligation that comes with accepting their “generosity?”

Check engine light came on on the pick up the other day. Figured it would cost the $100 minimum to diagnose the government mandated “check engine light” code. Found out I could get an OBD scanner at sears for around $71. Wow, I get paid $29 to learn to use it, and I can charge my friends and neighbors half shop rates, ’till “Armageddon” clears out, to diagnose theirs. (will diagnose produce truck for food?)

Said I had a defective diesel injection pump. Got two bids. One at $3800, the other slightly higher. So, I “googled” the pump and got it on the way for $1260. Meanwhile, I surfed around and downloaded a how to blurb, determined I could do the job with a basic sears mechanic tool set, on sale for $99. My net surfing time (TAE Comments?) only suffered the 7 hours it took me to get it done and running. Now, I have gained a potentially marketable experience. And I was “paid” $2370 to learn something. Have OBD, will travel! Oh, and PU is still paid for, as it has been these last 12 years ;)

Next real life plan?

September 29, 2012 at 1:57 am #5829

František Marčík

The problem si, Václav Klaus underestimates the scenario when the financial markets go into “domino effect”. The thing is our brilliant and awesome president is in fact strongly against the EU (this sentence is a pure lie: “…he supports European integration”), look at his public speeches. This guy is completely insane, well, I should rather say completely corrupted and squeezed by the former KGB and current Russian intelligence service having discrediting material on him (well, almost everyone knows that in the 80s he used to visited gay clubs, his nickname was Kikina, the thing is it has never been publicly releaved). His opinions are strongly pro-Russian, he is a good friend of Peter Kellner, a billioner who belongs to one of the 100th richest man of the planet (owing the PPF concern that has many bussiness interests in Russia – energy, rings a bell here, hm? – recently in China, too). Look, what Klaus just said about China today, I will translate it for you, right? Look, they are not that bad these Chinese people, we want to do bussiness with them (=”Mr. Kellner wants to”) so we need to adore Mao-Tse for that reason. (I am not kidding!) So you need to, while quoting Klaus, widen at least a bit your perspective. It helps, believe me. Klaus’ rhetorics is strongly antiEU and he damns know why (not to mention he is a father of the so called privatization, in other words implementing of the Chicago doctrine into our economics that allowed stealing of billions of crowns from our state, you know tunneling that is the word we started to use for it, and he still is a very good and close friend of different Czech mafiosis, godfathers, believe me, the Czech Republic is completely capture state, I can name tens godfathers, really sad situation). One can read something more on Kellner and his position and about Klaus and his opinions here:

http://aktualne.centrum.cz/czechnews/clanek.phtml?id=746021

http://www.economist.com/blogs/easternapproaches/2012/03/czech-corruption

http://aktualne.centrum.cz/czechnews/clanek.phtml?id=757353

http://www.economist.com/blogs/easternapproaches/2012/09/czech-politics-0#comments

September 29, 2012 at 2:43 am #5830

skipbreakfast

Professorlocknload post=5526 wrote: …Are central banks really all to blame here? Is a scorpion to blame for stinging the tortoise who transports him across the river, upon reaching the other side? Isn’t that what scorpions do?

I remember the story goes a bit more like, “The frog offers to take the scorpion to the other side of the river after the scorpion promises not to sting. Half way across, the frog feels the burning poison in his back and exclaims, “Scorpion! Why did you sting me? Now we will both drown.” And the scorpion replies, “It is my nature.”

I only like that version because it underlines how ultimately neither the frog nor the scorpion win in this game. :-)

September 29, 2012 at 5:49 am #5831

Professorlocknload

Skip,Re; Scorpion, I’ll go with that. Point is, consent absolute power to any entity, and it will sting you. Mid stream, or if it has any sense, after it gets what it wants from you. Seems the scorpion presently on our backs is just trying to get to the other side, at our expense. They believe once the loot is securely in their vaults, we are at their mercy, as they trickle it out to us again What they haven’t figured out is, over the long run, they need us. As Ilargi noted, we have passed peak credit, ie; peak financialization. When the dust settles, the unemployment rate is going to rise on Wall Street, for a change.

Ever see a banker on the end of a shovel? Not a pretty sight! Can you imagine one attempting to unclog his sewer line? Changing the oil in the Beamer? Patching a leaky roof on the McMansion?

October 2, 2012 at 12:17 am #5833

Professorlocknload

This is the perceived “One Way Out For Europe” and all other indebted nations. Food for thought for anyone “banking” on deflation. IMHO, this piece of MSM conveyed Central Bank information is universal across all indebted borders.

http://finance.yahoo.com/news/bernanke-says-fed-keep-rates-163016026.html

Also, I edited the incomplete sentence in my previous question to Ilargi re; ‘Is it wise’ [to take up arms.]

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