MarketWatch: You are witnessing a fundamental breakdown of the American dream

[Subdivisions]

By Paul B. Farrell, MarketWatch

ARROYO GRANDE, Calif. (MarketWatch) -- Wake up investors. Are you prepared for the economic anarchy coming after a global-debt time bomb explodes? Are you thinking outside the box? Investing differently? Act now -- tomorrow will be too late.

Start by looking past the endless cable skirmishes between Rush, Glenn, Bill and Shawn versus Harry, Nancy, Ben and Barack. Look way past the insurgency bonding Sarah and her diehard Tea Party revolutionaries with Ron Paul's Neo-Reaganite ideologues, Fat-Cat Bankers and the Party of No, all planning a massive frontal assault on the 2010 elections, hell-bent on destroying the presidency. All that's the sideshow.

The Big One is coming soon, bigger than the 2000 dot-com crash and the 2008 subprime credit meltdown combined. A huge market blowout. And as Bloomberg-BusinessWeek predicts: "The results won't be pretty for investors or elected officials."

After the global-debt bomb explodes don't expect a typical bear correction followed by a new bull. Wall Street's toxic pseudo-capitalism is imploding. Be prepared for a massive meltdown. Yes, already the third major bubble-bust of the 21st century, triggered once again by Wall Street's out-of-control Fat Cat Bankers. And it's dead ahead.


http://www.marketwatch.com/story/how-to-invest-for-the-debt-bomb-explosion-2010-02-09?pagenumber=1

Imagine the Big Money that's reading this and taking it seriously. Granted, it is a Murdoch property as part of the Wall Street Journal. But this is especially alarmist.

[The Northerner]

1. This is what happens when the worthless Fed officials flood the market with cheap credit

...and assume that nothing can go wrong only to realize the consequences of their actions a few years later.

They could've just let the banks fail and suffer their punishments, but noooooooo! They're too big to fail! LOL, what a frigging farce they dreamt up.

How about keeping those interest rates at zero & more cheap credit flooding the market, Ben? Hadn't had enough, yet? One bubble ain't enough?

Oh, and ensure that Fed isn't audited as well! You guys over at the Federal Reserve haven't been doing anything bad, right?

[bluesbassman]

2. The dot-com bubble was built on the illusion that you could create something from nothing.

The real estate bubble was built on the illusion that real property could continue to maintain double digit appreciation forever. The current economy is based on the illusion that there is something supporting it. But the reality is that a dollar can only be traded, insured and capitalized so many times before it's fundamental worth is lost. And I'm afraid that trading dollars is about all we have left.

[upi402]

4. BushCo hid the M3, and they can print $ at will

until the chickens come home to roost. If we don't change our trade laws, and make stuff to sell to other countries, we are economic shortimers.

[DeadEyeDyck]

3. this is a good article

Sadly, I fear that stuff in our wallet is not worth the paper it was printed on. Or it won't be much longer. Money is a promise. It must be backed by somnething. There is a passion to "spend our way out of this recession" but you cannot wpend what does not exist.

Stop the printing presses. Let the dollar catch up to the effort of people. I don't know how to speak chinese!

[jtuck004]

5. Cute. He's suggesting that people with money and assets

keep doing more of what they have been doing, only be more greedy and selfish. Which is what got us here in the first place.

Thank dog for leaders like this guy - he is going to teach people to provide food for others, though perhaps not by choice. If he thinks a cabin in the woods is going to save someone with a few rounds over somebody's head, and planting a garden they have never tried growing he may have another think coming. Has he noted the ammunition and gun sales that have occurred in the past year? Some of those folks would see that as a challenge right up their alley.

The only people that would survive what he suggests are those that band together and figure out how to protect themselves. And I hope they are DU'rs, 'cause then we could discuss Howard Zinn late into the night.



There's some more of that stuff here http://www.infowars.com/celente-predicts-revolution-food-riots-tax-rebellions-by-2012/

[dixiegrrrrl]

7. speaking of guns and ammo and revolution..

I live in a very small town in a rather small rural county of the South.
People around here go back 5 generations or more, most own their land and homes.
Their sense of community and of belonging is deep and strong.

Of late I have been hearing the "menfolk" matter of factly talking
about their need to defend their homes, their land and their community.
With their guns.
Plural guns.
Folks around here have, at a minimum, a couple of shotguns, a few rifles,
a couple of handguns, and plenty of ammo. That is "normal" in this area.
They see trouble coming. They are not the kind to back down.

for everyone that says something like that to me, in casual conversation,
I know they are talking with at least 20 other of their friends who say the same thing.
Multiplied by 57 counties. In just ONE state.

[jtuck004]

15. So many guns, so little thinking...

I have one my dad gave me 40 something years ago, and 2 or 3 more I have aquired since, a little ammo, but I prefer to use my storage space for food and water for us and the dogs, some medical and gardening texts, a number of tools.

It actually sounds like you may be living in a good place. Smaller, people generally know each other, they may have some land to use for food and other resources, and the sense of community is important. Good working people. Lots of small groups that can cooperate.

A friend of mine in Louisiana says he has a thousand rounds for his 30.06, a couple thousand for a couple others...I can't help but wonder how much he will leave to whoever comes along if he really starts trying to use that. Oh, and he has 5 gallons of water and some beans. Maybe bullets taste good? On the other hand there are people here in Eastern WA and over in Idaho that make his guns and ammo collection look like the work of an amateur ;)

A much better strategy is to understand that one will have to put down the rifle sometime. It would be much better to join with others who can watch your back, a group of sufficient size to share the load, add more brainpower and skills, and greatly reduce the odds that even a small marauding band of thugs will think twice about even staying around. A single person or even a couple with small children would really be at risk, IMO.

I suspect we will use these things more for brief power outages than anything else, but one never knows...

[ixion]

6. This is pretty much lifted from JHK...

who has been saying it for a long time.

That it is now part of the MSM collective dialog is at the same time refreshing and disturbing. It's refreshing because it's very rare to see such Truth from a MSM editorialist. It's disturbing because it's means that it is here. Now.

:hide: :nuke:

[dixiegrrrrl]

9. Yeah...my thought, too.

Suddenly this meme is out and about.
Double plus disquieting.

[Mari333]

8. I feel like jumping off the nearest bridge now

[Subdivisions]

14. How did you think ~$56 Trillion in now worthless CDS was going to be

resolved? Eventually, that debt will have to be written to the books instead of being allowed to be left off balance sheets. Just because mark-to-market rules were suspended so holders of CDS could set them aside, while meanwhile being kept capitalized by the Fed through quantitative easing, doesn't mean that debt just disappears.

Yesterday the news was Dubai was offering .60¢ on the dollar on their debts to their creditors. That's essentially a default even if the offer is accepted. But it is an offer to write that debt to the balance sheets. And, when that finally happens with CDS on the books of the big banks, the global financial system will collapse.


Ed: grammar and to add a link:

http://money.cnn.com/2008/09/30/magazines/fortune/varchaver_derivatives_short.fortune/index.htm?postversion=2008093012

[blindpig]

10. It was always a dream anyway.

The post war boom was a singular historical occurrence that petered out in the 70's. What we are experiencing nowadays is a return of bidness as usual capitalism with the twist that the cyclical downturns have gotten progressively worse as the hunt for profit becomes progressively desperate.

[bridgit]

11. Its the death of unregulated, already anarchy based laissez-faire capitalism...

MarketWatch, NewsMax, E-Trade Baby, FoxBizz or WSJ it'll be up to others to bury its corpse cause its acting like a brain dead zombie

http://www.youtube.com/user/etrade?feature=pyv&ad=3624426566&kw=e%20trade&gclid=CLyw1Y-J958CFQMsawod-xymXQ#p/u/0/lEXZ2hfD3bU

[Phoebe Loosinhouse]

12. That is an insanely radical and alarmist column for Market Watch!

Holy Shit!

Well, I don't see how the illusory Ponzi scheme we call our stock market can hold up too much longer. I don't understand why anyone invests in publicly held companies that are looted and pillaged by their upper tier who take most of the profits for themselves. Why stockholders haven't revolted long ago, I'll never know.

[closeupready]

17. The reasons why stockholders don't revolt is this: there are lots of them,

and they are ignorant, and the media which they use to 'inform' themselves are these business channels which are owned by a few oligarchs who have an interest in propping up the market artificially by feel-good, buy, buy, buy stories.

[cbdo2007]

13. May be alarmist....but I think it could hit pretty close to the mark.

[mix]

16. That was insanely engrossing...our neo-liberal dystopia has arrived.

The class lines are drawn, according to this article, along insiders and outsiders.

Only members of the "Happy Conspiracy" will prevail.

Chilling.

Yes there is an alternative. Out of the ashes of anarchy must come a Second American Revolution. But unfortunately nothing will happen until a great crisis awakens America ... shocks the conscience of the masses ... we are "asleep" ... only a seismic, systemic shock will trigger the necessary revolution.

The future of our economy and indeed our nation demands another political revolution. We must take back our democracy and capitalism from a government run by Wall Street and its "Happy Conspiracy" ... their toxic self-serving power hold must be broken and, if not, a rising new conspiracy of China, India, oil-sovereignties and asset-rich nations will replace our homegrown "Happy Conspiracy" as it eventually goes down in the flames of anarchy.

Sadly, that's the future many of us realists see ahead for America.

[arcadian]

18. Is this satire?

Please tell me it is, otherwise we are screwn, when mainstream media outlets start sounding like Alex Jones, the shit has hit thefan

-----------------------------------------

Here's how these savvy Insiders are preparing: In his 2008 best-seller, "Wealth, War and Wisdom," hedge fund manager Barton Biggs, a highly respected Insider in the "Happy Conspiracy," advised rich insiders to expect the "possibility of a breakdown of the civilized infrastructure."

His advice: Make tons of money. Buy an isolated farm in the mountains. Protect family against the barbarians: "Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson."

[Adsos Letter]

20. ...wine...?

[arcadian]

21. ???

[Adsos Letter]

24. from the quote...

"His advice: Make tons of money. Buy an isolated farm in the mountains. Protect family against the barbarians: "Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson."

[arcadian]

26. That's funny, there is a winery up the street with vineyards.

They are pretty cool, they are in to sustainable agriculture, local farmer's market and rural culture, etc. When reading that article I was thinking how when the shit does hit the fan I could probably do work/trade with them for a few bottles.

[Subdivisions]

28. Of course. How can you be 'elite' without your bottle of Château Lafite? n/t

[CatholicEdHead]

33. To drink instead of contaminated water

Water was contaminated in the Middle Ages, most people drunk wine to not get sick. It is a major reason why it is in the Catholic culture.

[Subdivisions]

23. Nope. Not satire. And, isn't it interesting how often

Alex Jones turns out to be right? Granted, he's out there and possesses an extreme ego and is a shameless fear-mongering marketer, but often he is surprisingly either ahead of or on top of things. But, nevermind him. I was just thinking a little while ago, before I saw your post, how DU's GD page is beginning to look a lot like a list of headlines on an Alex Jones website or a doomer site like LATOC.


Ed: sp./punc

[Echo In Light]

25. And even more surprising than him is the inexplicable and entertaining...

David Icke

[arcadian]

27. Wouldn't it be comforting if David Icke was correct?

"Damn, that explains why I didn't get that promotion at work, that reptilian, Bob Thompson in accounting from Zeta Reticuli got it instead, now the whole world makes since!"

:rofl::rofl::rofl:

[Echo In Light]

31. No, I wouldn't get "comforting" out of that. Replace 'lizard' w/A-hole RWer, and it makes sense

Just as a point of comparison

[Subdivisions]

29. Isn't he the reptile guy? I don't know much about him. n/t

[Echo In Light]

30. Yes, that's him. His books from the early 90s accurately outlined the ....

... increasing techno police state infrastructure, and which excuses/justifications would be used, their cover stories, and actual ulterior agendas i.e. Problem/Reaction/Solution

Interesting reading, to be sure, but be wary that he's obviously One of Those who, if you read one of his books, or cite him in any way, the Crusading Name Callers will LOVE to automatically - because you cited him at all - insist that you must hang on Icke's every word as Gospel Truth (much like A.J., actually) even if that's clearly not the case.

[Festivito]

19. Yup. /nt

[Echo In Light]

22. Nostalgia for a time that never existed

[TransitJohn]

32. Congress and the administration need to issue greenbacks in the place of Fed Reserve Notes. n/t.

n/t

[LeftHander]

34. When China stops funding our Debt....and the Euro becomes king shit...

That is it.