42 Replies to ““The dirty little secret is…””

  1. Statists spending their way into prosperity, one country at a time.
    How do you like the debts your governments have saddled you with, people?
    Taxpayers of the world unite. You have nothing to lose but your chains.

  2. Any signs of a recovery, be it an uptick in real estate sales or job #’s, is shallow, and will be shortlived. 1 yr from now things will be looking mighty grim throughout the world. Canada may feel somewhat isolated from this right now, but worldwide depression will inevitably have profound effects on Canadians. Stock up on potatoes and turnips.

  4. What can I say.Gerald Celentes, Bob Chapman, Catherine Austin Fitts, Webster Tarpley and Max Kaiser these people have laid a path a blind man can follow,provided you are not adverse to conspiracy theory mongering or getting your knickers in knot over nothing.Please people wake up.

  5. “the world has no money. the emperor has no clothes.” what a quote.

  6. “the world has no money. the emperor has no clothes.” what a quote.”
    Add to that happily, “liberals have no firearms”
    It will be fun to watch them look for the nanny state to protect their asses from the marauding bands of less-motivated (poorer) liberals who will be at their doors and windows to take their jelly donut.
    Conservatives will standing guard over their turnips and potatoes with registered or unregistered shotgun in hand.

  9. How is it that these bobble-heads, big time Dems, all of a sudden see the light? Woodporter is correct when he says “print more”. That is exactly what will happen, Zimbabwe style, until the sheeple convert to a barter system. Y’all out there will need something with which to barter. Those fancy coloured pieces of paper will be just that – and will have the same value as any other piece of paper – zero.

  10. Williams forgot to explicitly mention the USA has no money either. People in the audience are laughing, as if they are sitting atop wads of cash while Europe is foundering.

  12. Actually on one point Williams is wrong. the drop of 1000 points represents at a 12000 DOW less than the 12% drop mandated for automatic triggers to halt electronic trading, after the dot com mess. In “87 the drop was 22% – you had to be there!!

  13. “How is it that these bobble-heads, big time Dems, all of a sudden see the light?”
    Because like all low life opportunists, they don’t care a damn when stuff happens to other people. When stuff happens to THEM, -that- is important. That’s why Brian Williams is purturbed when he looks at three people burning on a Greek sidewalk, but he feels sick to his stomach while he watches his stocks tank 1000 points in ten minutes.
    And yes, the USA has no money. No money, no jobs, and pretty much all their heavy industry decamped for China 10 years ago. Direct result of obscenely stupid, heavy handed, arrogant regulations passed by know-nothing vacuum-heads from the DemocRat party and RINO appeasers in the other jack-off sack of sh-t party.
    I am proud to be associated with Arizona today. First state where the people said “F- THIS!” picked up a Louisville Slugger and called the Democrats out. Way to go Arizona!!!

  14. So now, I take it, MSM talking heads have credibility? Where the F did that come from? Don’t forget Brian Williams works for GE, one of B. Hussein Obama’s biggest supporters. Seems to me they have an interest in hyperbolic statements designed to create the impression of another crisis not to be wasted. Yes, we’ve got serious debt problems, but there is no rational reason to think the US will soon follow Greece into utter chaos.

  16. “The world has no money” …
    But paper and money and printing is cheap.
    See; Money Mischief by Milton Friedman.
    The world has seen this movie many times.
    Inflate inflate inflate. Spend spend spend.
    Coerce the Sheeples into spending their money as well. If they won’t, tax em’ – anyway at all. A carbon tax, even.

  17. Governments of the world have no money, not because they have no income. They have a horrendous income – Taxes !!
    They are broke because of their horrendous expense – social benefits. Largely unfunded social benefits. Civil service “jobs” and pensions and health care and OAS and bureaucracy and dumbication and NGOs and …

  18. From Andex Chart;
    A $100 in 1950 invested in Canada, in various ways, became, at the end of 2006
    Mattress …. $100
    Farmland …. $2000
    T-Bills ….. $2700
    TSX index … $30,800
    US Small Cap index .. $149,126
    But where from here? I have not a clue. And if I did I would say not a word or give free advice. To do so is a lose-lose. If proven correct, no gain. If wrong, head taken off.

  19. Correction to ‘Farmland’ .. plus rental income $2240
    Farmland … $4240
    Gold? Not sure.

  20. I think a better comparison might be the price in constant dollars of these commodities in Germany, 1920 through 1930.

  21. “People need to wake up the end result of socialism, which is what we are witnessing in Greece this very day. ”
    Oh no, deeply mistaken, this the where the Socialists will try to “double down”, phase 1, the end of socialism is 10’s of millions DEAD in concentration camps, and everyone not dead living in poverty because so many of the bright and motivated are either dead or moveed to another country.
    This end state is known, btw, as “bad luck, and the fault of capitalists fat cats”

  22. @ tim
    One loaf of bread $4 BILLION Reichmarks (1923)
    (stories my grandmother told me, it wasn’t a pleasant time)
    You need a wheelbarrow full of money to go shopping…banknotes are generally used for wallpaper. If you got your pay in the morning you better have it spent by the afternoon or it was worthless… 🙁
    Cheers
    Hans-Christian Georg Rupprecht, Commander in Chief
    1st Saint Nicolaas Army
    Army Group “True North”

  23. Once again this Quote seems fitting
    “Eventually, Socialist run out of other peoples money to spend”
    We all know who said that, And this will happen in Canada someday if a liberal/ndp/grn party amalgamation ever comes to frutition.

  24. We should all be darned happy they had that TARP handy yesterday it must have broke the fall.We should send a note of thanks to Ben and Timmy, without their wisdom and foresight who knows what have happened.Now I wonder if the American taxpayers will acknowledge the need for them to back up markets while the federal reserve continues to issue currency credit out of thin air.Who among us believes that Hedge Funds and Investment Banks should shoulder the responsibility for their own mistakes.

  25. As my British relatives are constantly reminding me, taxation WITH representation is not much fun, either.

  26. Fred 2. Had it not been for an ego trip on the behalf of the socialist Hitler with his communist ally Stalin after their planned invasion of Poland we may have been living in a different world. A world that you describe, which the defeated Hitler started and one that our communist ally Stalin maintained for decades.
    I guess the only consolation in all of this is the gullible, the naive, the ignorant and the stupid are the first to go, should it ever come to that.

  27. Vίt.You got a minute or two. Could you in layterms tell us how plunge protection teams work and what their role in yesterdays dramatic stock plunge was and how it was several stocks not one that caused the wild ride yesterday. Thanks.

  28. The day I go to Letterman or his guests for information on any topic is the day you will not live to see.
    Good thing it’s Friday……………….

  29. @OMMAG – nearly my thoughts. Brian Williams may be in the news industry, but he is not an expert in finances, or probably anything else.

  30. Brian Williams is fully qualified to read a teleprompter and tie his own shoes.
    Sound familiar?

  32. i am reminded of the header for this site: “What we really need is anarchy. With a strong anarchist as a leader.” i nominate kate.
    i read “atlas shrugged” when i graduated high school. it’s probably the only reason why my time at york university (sigh, thats right, i’m a toronto boy)) didn’t turn me into a raving socialist.
    i’m sure many of you are familiar with it. the basic premise being that if, as a society we tax the productive in order to support the unproductive, we end up discouraging productivity and encouraging failure.
    in the last 3 years, we have witnessed the greatest redistribution of wealth from the poor to the rich in the history of the world… if lefties thought of it in this way, they would look at Obama with a degree of hate that would make rush limbaugh blush. instead, msm (so called leftist media) still fawns over him like he’s the second coming.
    the tea party movement in the states gives me hope. not because its anti-obama. or anti-democrat. in fact, many so-called democrats belong to the movement.
    i like the tea party because it is anti-government.
    the real tool to bringing the lefty msm to this mode of thinking is to convince them that big government functions pretty much exactly like a big corporation. they can not be trusted. not because of whatever brand happens to be in power, but because they are government.

  33. The legacy news media, led stoutly by the alphabet networks, abandoned journalistic principles long ago and more recently a working business model and the only conclusion I can reach from that is that they are such very useful idiots it is worth losing vast sums every year operating a business that brays out numerous big lies, all the while alienating more than half their potential market.
    Thank God for the internet.
    And thanks again Kate for all your effort.
    Dana (another Rand fan)

  35. Isn’t it absolutely amazing that a co-conspirator from the Nixon Presidency (Watergate) would be doing a nation-wide television commercial telling us where to put our money so it would be safe – AND HE WOULD BE RIGHT!!!!!

  36. What happens when you and your neighbours wake up one day and find out that the banks own your country?
    Remember that Global Banking tax? We are witnessing the start of the socialist endgame where everyone will be linked by debt. Our masters will be the ones that own it.
    Sad how the birthplace of democracy became it’s grave.

  37. Google, find, watch, make DVD copies, Email attachments of these 2 documentaries:
    “Fall of the Republic”
    “Police State 4”
    Use the greatest weapon we STILL have at our disposal: The Internet.
    SPREAD THE WORD: The New World Order must be stopped.

  38. Socialism breeds poverty and despair.
    The markets are fixed.
    Government deficits and debt serve only as justification for punitive tax rates.
    This will all end very badly.

  39. Martinb. I would like to challenge your belief that this is a socialist scheme.There is a comment directly below yours.The commenter has pointed to a couple of documentaries that may alter your viewpoint. Casino Capitalism is responsible for much of what I used to believe was the work of Socialists.If you have time watch these with an open mind. Hold on your belief system may be turned on its head.

  40. I’ve laboured my way through articles by liberal economists who claim none of this matters and refer contemptuously to “deficit hawkery”, which they feel is just a Tea Party trick to insult obozo.
    Roughly summarized, the theory seems to be that governments haven’t had any real assets in decades so it’s obvious the whole concept of debt, etc., doesn’t matter. It’s all just numbers in a computer since the assets don’t really exist.
    I don’t think I’m being unfair in that summation.
    Decades of accumulated debt and unsupportable spending scares me, but it reassures them in some weird way. I wonder how they feel when media types like Brian Williams aren’t falling for it anymore.

  41. Hudson. Its far worse than that. You may want to start by watching a video on www:gigisup.net. Gary Fielder does a great job of explaining things much better than I.Its an hour and twenty long but if you are in the mood to learn something profound and important I cant think of a better place to start.

  42. Mikeg, I think I was guilty of not emphasizing enough. When I said “Socialist” endgame, I really meant “Economic Enslavement”.
    We may some day have the deed to our home but the banks will own the deed to our government. That means they say tax and our “elected” lawmakers say “how high”. Everything else is enforcement. Greece will show us how it’s done.

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