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bruce MN

Re: Gloom and Doom#3

What you may well be about to discover is that the only interest there has ever been here at this site on that topic is from a handful of pereneals here who make a point of making sure that everybody knows that it was all caused by Barney Frank, Jimmy Carter and a somehow organized and conspiring hoarde of poor  folks who colluded to ruin the righteous and naive investment banking community by suckering them into giving them way more thantheir homes were going to be worth in the future. 


Any current or previous facts, such as these that you bring to us here, are irrelevant to them.  They've got the goods on somebody who they've always been certain it was OK to look down their noses at and you couldn't alter that with a club and a team of mules.  It simply can't  be because of the involvement to any degree of anything or anybody  else.  Not the changing or lack of enforcement of regulations.  Not crooked appraisers or servicing outfits.  Just  bad, bad inherently inferior people on the borrowing end.


As for the premise of the article, I'm on record here from way back in '08 as saying that there should have been an absolute auction on everything at or close to underwater held as soon as possible.  We'd have it all behind us by now and some of the bankster and servicer  crooks might  even be out, or soon to get out of jail.



Re: Gloom and Doom#3

Bruce - thanks for the response.   I know exactly what you are saying.  But the only way to make progress is to cater to those who think about such things as I post here.  We need to work on eliminating the "tunnel vision" on this site and attempt to broaden their horizon.  


Today, we are fed the propaganda from our government, our banks, and Madison Avenue, and agricultural commentators who "don't know Jack about farming.".  Time is wasted,as I am doing right now, entering a response on a site on a computer keyboard.


So I will post information I find disturbing here, because it is clear, as you have pointed out that few of us live in the real world, and most have opted for fantasyland.  Adios Amigo. John 


Re: Gloom and Doom # 4

Ran across this article in Amerika and kinda discusses the lack of imagination in this country.  I think most citizens no longer have the time to imagine anything, they are too busy trying to claw out a day to day existence.  
To point out what I mean regarding imagination just look at the recent "remakes of old movies", we no longer have the great authors that wrote the great books from which movies were made.  
Today the popular movies are about fantasyland, aka Science Fiction, Comic Books are now being made into movies, all of this has contributed to the dumbing down of America.  
Great literature is dead, no time to write books of meaning, all of the great books have now been written, besides if it is not digital and on an Ipad where earphones can be plugged in so it can be read to you, then it is not worth reading.
 It is my understanding that American History has now been struck from the curriculum of many schools in this country.  It is no longer important to know why and how we are where are today.  Enough of this rant!  Enjoy, John

The revolt of imagination

light_in_the_morning_woodsWe have already experienced the Revolution. The plot was simple: bad meanies in charge, so people power unites and overthrows.


Now a new order in which everyone is accepted and we can stop arbitrarily denying each other things. It’s like a plush pink bed: everything is good, everyone is good, we

are all in peace and harmony.


The Revolution plays itself out a million times during your lifetime.


First, there was the original, which we don’t talk about because it happened in France and they still insist on speaking French, eating French food, and looking French. If they got with the program, they’d look and speak just like us, but with French bread.


Next, there are the movies. Nearly every movie that involves a challenge beyond the personal (“divorced 30-something gets over her hang-ups and learns to love roller derby”) follows the Revolutionary format: bad meanies are bad, people power is good, we unite and get together, in the end everyone joins hands on stage and sings.


Then, there’s the politics. There are civil rights struggles for every conceivable group. Fat basement-dwellers with body odor? Unite! You have nothing to lose but your chains. When we waddle out of our basements and overthrow the meanies, a new era of freedom, peace and harmony (etc) will be upon us (etc).


Then there’s foreign policy. Why do we want the people of Nosepickistan dead? They don’t support the Revolution. They put their women in garbage bags, no one can vote, the shopping is bad, you can’t get porn on cable TV and the idiot heathens don’t even allow alcohol. Send in the bombers, bring them democracy, soon they’ll be as Big Mac as we are.


Even worse, there’s the news cycle. A tragedy happens; it is sad. Then we feel outraged because, how could this tragedy sneak up on us while we were busy shopping/voting? It’s not fair. It’s not nice. Someone better pay. Find the meanie, gather up the people power, and we’re going to buzz together like bees in a hive until we make it change and depose those meanies.


There is always a bad guy. How do you find the bad guy? Who is in control? Unless that person is busy giving out welfare payments to the poor and helping the drunk and violent, that person is the bad meanie. Set phasers for kill. If something has gone wrong, someone is to blame. They must be replaced — with people power.


The Revolution is addictive. It never ends. It is always there, if you need some reason to forget your troubles. Mortality, low social status, misery, self-hatred, self-pity, self-doubt? Never fear: you have a new identity as a soldier of the Revolution! When you crush the meanies, the Crowd will roar with approval.


If it didn’t, the answer is simple. The meanies control the minds of the masses, who must be liberated. So get your educated buttocks on down to the ‘hood or the trailer park and start educating those poor backward people who need to know better like you do. Feel good about your life yet? You will.


The Revolution brings with it an Ideology. This Ideology is “in theory” political, but really it invades all areas of life. You re-shape yourself as a soldier of the Revolution, and that replaces religion, culture, even most socialization, and personal philosophy. Now you have all the answers.


We’ve had the revolution of discontent for centuries, where some were mad that others had more. We have seen what it brings, which is perpetual Revolution as our society cannibalizes itself. We’re looking for bad guys under every bed, and the only defense is to join the Revolution and hope it doesn’t turn on you. Often, a forlorn hope.

Now let’s try the Revolt of Imagination.


All of our post-Revolution social systems view life as a question of material redistribution. Some have more, so we’re mad, so we’re going to take what they have and, to prevent other people from revolting against us, we’re going to give it all away. Except that we’ll all get government jobs and get paid several equal salaries for our efforts.


The Revolt of Imagination is an entirely different animal. In it, we view life as an experience which is meant to be joyful. We view human time as valuable and believe that this time should be made significant and pleasant. We reject the idea that material distribution is the cause of our problems. The cause is actually our loss of direction.


Material redistribution creates a number of problems:


  • Reduces the urge to excel. People enjoy overcoming challenges and achieving greater heights. This is necessary to feel that we are in control of our own lives and that we’re growing. Otherwise, we feel stagnant and pointless. When you reduce rewards, people do not strive. They do the minimum or less. And hate themselves for it.
  • Destroys social standards. This has been sold to you under the brand name “pluralism.” Pluralism makes even the dirtiest surfaces shine! The idea is that instead of agreeing on social values, we have no social values, and we all get along because otherwise the cops will beat us with nightsticks. Sound stable? Of course not.
  • Forces reckless competition on us all. We’re all equal — great! — now what? The answer is that you’re all just meat for the machine, and the way you keep from being dragged beneath the wheel of progress is to commute, work, work, work and then shop and work some more. If you won’t, we’ll find someone who will. If we can’t, we’ll import them. Your only purpose is to go to a job and buy stuff.
  • Removes the existential. The worst aspect of material redistribution is that it makes us think solely in terms of stuff. The goal isn’t happiness, but having a full life. There is more to life than work and shopping (and voting). When we deny this, it makes people miserable and they take revenge through petty acts of sabotage, cruelty, obliviousness and vandalism.

The original Revolution presupposed that material equality would remove conflict and make people happy. The intervening two centuries show us that this is not the case. Equality led to more competition, more alienated, and greater misery, while removing other things we enjoyed.


We need a revolt of Imagination. In this, our goal is to find meaningful ways to spend our day-to-day time. Every minute is sacred, and we should waste none of it on activities that frustrate or demean us. Work should be gotten out of the way, not wallowed in. We should reward those who get it done quickest and then move on. We can reclaim our time from the machine, and stop basing our identities on our job titles and credit cards.


Even more, we can escape this same old tired routine of Revolution. It doesn’t work; that wouldn’t matter, except that it also isn’t fun. Like heroin addiction, it always sends us coming back for more. The last dose was great… for a while… then the craving

began. What if we’re just losers? Don’t think that, soldier: attack!


The ultimate result of the Revolution was to enslave us to the egomania not of a few bad meanies, but by turning everyone into a bad meanie. Now we are all tyrants in our personal lives, refusing to work with each other, and raging against the emptiness.


Another Revolution won’t help this.


Our only salvation lies in refusing to keep playing the game. Demand a Revolt of Imagination. Overthrow the idea that material redistribution is the path to the good life. Bring back the joy of experience, of existential discovery, of challenge and conquest. Give life meaning again. It’s the only adventure left.

Veteran Advisor

Re: Gloom and Doom#3

Faust, good info.


Bruce.   Your response mirrored my thoughts.   There are too many people complaing that the car is in the ditch, blaming everyone else for putting it in the ditch, but no one seems to be trying too hard, to pull it out of the ditch, and fix the steering alignment, and replace the bald tires, so it doesn't happen again.

Veteran Advisor

Re: Gloom and Doom # 4

Lots of good points, but I might add, part of the reason some people are too busy clawing out an existance, is because they have extended family members living in their basement, sitting on the sofa, and emptying their fridge every day while racking up pay-per-view charges, instead of going out, and doing something productive.


Re: Gloom and Doom # 4

Nebrfarmer- You are absolutely right . . . I even know a few people doing that, and have been doing that for over ten years.  But . . . none of my business. lol.   John


Re: Gloom and Doom # 5

 It just keeps getting better and better.  Each day the fraud we call the rule of law and Equal Protection under the law becomes further and further diminished.  Here are two examples:


1.  Jesse Jackson Jr. steals $750,000 in campaign funds and checks himself into rehab for having a dual personality.  I mean WTF!


2.  The Goldman Sachs and the Heinz Soup deal where they were advising everyone to sell the stock for the past months, only to set up accounts in Switzerland to purchase options on the stock, because they new the price at which the stock would be offered.  I find it amusing that the Vampire Squid announced they were cooperating with the SEC, which means they are now under investigation. 


Don't worry, I have it on good authority, that Eric Holder will not be prosecuting Goldman Sachs, and will probably let Jackass off the hook for converting three quarter of a million dollars from his campaign funds.  


I think we have no law and order in this country, we have drones to spy upon citizens, anyone can be put on a "kill list", and the Posse Comatatus Act is being repealed so that American Soldiers can be used against American Citizens and kill them to quell an uprising. 


Yep! The muppets have their job, their Mortgaged McMansion, their New mortgaged Car, their Mortgaged college education, and those that still have a job are working longer and for less than in past years.  We have replaced the work ethic, with the slave ethic, where citizens become indentured  to two or three jobs to just keep all the balls in the air.


But that is O.K. I mean . . . 47,000,000 on food stamps mean nothing, 22% real unemployment means nothing, escalating oil and food prices mean nothing (because they are excluded from government inflation calculations), Little Johnny and Mary graduated college and moved back in with mommie and daddy, who is saddled with their student loan debt when they pledged the McMansion for collateral when they received that Home equity loan.  


Johnny and Mary cannot find a job in their area of study, but they have the sheepskin, which everyone told them would guarantee them earning $1,000,000 a year more than a high school grad . . .  which is not happening, because high school grads, emigrants, non high school grads, college graduates, and graduates with advance degrees all start at the same salary when McDonald;s hires them as part time employees. Yep!  No doubt about it, we are officially now a banana republic.  


The pain has not reached a level where most are affected, and the bad hand being dealt is always to the other guy, until that other guy is you or a member of your family.  Soooo . . . we will slip slowly into a dictatorship, happy with no rule of law for those who exploit the exploited and the exploited becomes victims of governmental agencies which has absolutely no fear of retribution.  When the Revolution comes they will again become the Loyalists who sided with the enemy of the people.  Adios Amigo. Enjoy. John



Tyler Durden's picture

Goldman Implicated In Heinz Insider Trading Probe

When the news broke of the SEC's action against the HNZ call option insider traders, and we posted the full SEC charge against the perpetrators whose actions Zero Hedge reported on first, we asked this regarding one of the entities named: "the trade occurred through an "omnibus account located in Zurich, Switzerland in the name of GS Bank IC Buy Open List Options GS & Co c/o Zurich Office (the "GS Account")." Does GS stand for Goldman Sachs one wonders?"


This followed our prior post, rhetorically titled "Guess Who Was Buying HNZ Stock From Its Clients", with the answer of course being Goldman Sachs, which had had HNZ stock at a Sell rating for months, and which just days before reiterated its negative sentiment.


But for the most part the post was written in jest. Turns out the joke was on everyone else, because just as we feared, or rather knew, Goldman was indeed implicated all along.


Tyler Durden's picture

Jesse Jackson Jr Charged With Stealing $750,000 In Campaign Cash Used To Purchase "Fur Capes And Par...

And so the surreal criminal saga of former Illinois Congressman Jesse Jackson Jr. has ended. Jackson, 47, a prominent Chicagoan son of the civil-rights leader of the same name for the handful of people who are unaware, was a national co-chairman of President Barack Obama’s 2008 campaign and an advocate of traditional Democratic Party constituencies.


He disappeared in June, and it was later revealed that he was being treated at the Mayo Clinic for bipolar disorder and gastrointestinal issues, although now it appears kleptomania may have been one of the afflictions treated too. He returned to his Washington home in September but went back to the

clinic the next month.


As Bloombergsummarizes, "he pushed to maintain government support for the poor, including welfare, assistance for heating bills and the Head Start early education program." He certainly was very generous with other people's money. So generous, in fact, that hours ago he was charged with "misusing", also known as stealing, some $750,000 in campaign funds for purchases including a $43,350 gold Rolex watch, $5,150 for fur capes and parkas, $10,000 worth of "children's furniture", Michael Jackson and Bruce Lee memorabilia and much more.



Veteran Advisor

Re: Gloom and Doom # 5

I wonder if he'll get to keep the Rolex, and fur cape?


Checking himself in, for bipolar personality disorder, and gastrointestinal issues!   I can see it now, in front of the Judge.   'Your Honor, my Bowels made me do it!'.


Seriously, if I was trying, I don't think I could make this stuff up!

Senior Advisor

Re: Gloom and Doom#3

I suggest you work on your own tunnel vision first. After that maybe I CAN LOOK AT MINE.

Senior Advisor

Legal minds on the news predicted

That jesse jackson jr will serve a 5 year sentence. So his deeds have not been forgiven and he probably needs rehab care to cope with his past and future prospects.