Thursday, July 31, 2008

A small prize for the best alternative headline for this article

Our Empire of Debt Is Collapsing

Our financial system is dead. Right now, Bernanke and Paulson and Congress and the rest of the power elite have the shock paddles frantically pressed to the chest of the American financial system, hitting the erratic heart of our Debt Empire with shock after shock, hoping and praying the debt bubble of the past 25 years can somehow be extended. Alas, the patient is already dead. But with reporters' noses pressed against the window a few feet away, the stalwart crew around the corpse is making a heroic show of lying: "The patient is stabilizing," "the patient is recovering nicely," and so on, and by artificially stimulating the heart to keep producing a weak but visible pulse for all to see.

Posted by gardeniadotnet @ 12:46 AM (1001 views)
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28 thoughts on “A small prize for the best alternative headline for this article

  • gardeniadotnet says:

    I suspect I’ll win my own prize with the suggestion…

    “Oh No – Not More Graphs!”

    Unless you can do better, of course.

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  • little professor says:

    Who is this asshat, and why are you linking to his blog?

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  • gardeniadotnet says:

    Song To The Siren

    On the floating, shipless, oceans
    I did all my best to smile
    til your singing eyes and fingers
    drew me loving into your eyes.
    And you sang “Sail to me, sail to me,
    Let me enfold you.”
    Here I am, here I am
    waiting to hold you.
    Did I dream you dreamed about me?
    Were you here when I was full sail?
    Now my foolish boat is leaning,
    broken lovelorn on your rocks.
    For you sang “Touch me not, touch me not,
    Come back tomorrow.”
    Oh my heart, oh my heart shies from the sorrow.
    I’m as puzzled as a newborn child.
    I’m as riddled as the tide.
    Should I stand amid the breakers?
    Or shall I lie with death my bride?
    Here me sing: “Swim to me, swim to me,
    Let me enfold you.”
    Here I am, Here I am, waiting to hold you.

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  • gardeniadotnet says:

    BTW: What’s a “bottomhat,” little professor?

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  • gardeniadotnet says:

    @ 2. little professor suggested……..Who is this asshat, and why are you linking to his blog?

    Come on now….do you really think you’re gonna win with that pathetic effort?

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  • planning4acrash says:

    Thing is, are they ready, is the public primed to accept a North American Union? Will the collapse be so swift that the NWO’s pet Euro currency crashes too? the USSR was the model for the NWO, and it collapsed. That was the beginning of the desperate war on (t)error and clawback that we are seeing today.

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  • @little professor

    I’d just like to say that I think Smith’s blog is pretty good but I wouldn’t have posted this particular piece because it relates specifically to America’s problems.

    @gardeniadotnet

    There seems to be a bit of a thing for posting material about the US economic mess; a subject not without interest but I’d really like to hear more about how this is going to affect the UK. What do we have to say about future events in .co.uk rather than what’s happening over the pond?

    P.S. my title entry: “The emperor has sold us his invisible clothes”

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  • Tenyearstogetmymoneyback says:

    To misquote an old saying

    “When the USA sneezes the UK catches a cold.
    When the USA catches Pneumonia the UK …………… ?”

    :- Duncan

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  • 2. little professor said…
    Who is this asshat, and why are you linking to his blog?

    lp your harsh critisism seems out of place given the number of informative graphs supplied with this article.

    If you really wanted to know who Charles Hugh Smith is you could dig into his info easily.

    He obviously is no ‘asshat’ here’s a direct quote from his consulting page @ http://www.oftwominds.com/consulting/PYTC1.html

    Competitive Advantage Begins with Insight

    “Solutions” are predetermined by how the “problem” is framed. If the “problem” is improperly framed, the “solution” will lead us away from addressing the actual problem. Problems cannot always be “solved” with the same level of thinking that framed them.

    Identifying competitive advantages in a hyper-competitive world which is entering an extended era of turmoil must begin with an understanding of the operant contexts of our time and the two models of history which illuminate them.

    History can either be viewed as proceeding along an innate vector (entelechy) toward a goal (telos) or as a cyclical process which “echoes” previous cycles.

    There is abundant, irrefutable evidence that the global economy is facing an unprecedented confluence of crises/challenges which will threaten the survival of institutions, corporations and organizations. “Business as usual” will doom those clinging to the status quo to the ash-heap of history.

    “Business as usual” will doom those clinging to the status quo to the ash-heap of history.

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  • sold 2 rent 1 says:

    The fifth night draws to a close in November
    No-one can deny it has been a pretty destructive period in the last 9 months
    Oil and food riots, crashing property prices and banks failing
    There may be one final capitulation in stocks this autumn before an uptrend starts

    So what can we look forward to in the 6th day and 6th night

    6th day (Nov 2008 – Nov 2009)
    This maps to the period 1952-1972
    Oil should fall from now and into early 2009
    This should ease RPI and allow IRs to be lowered
    The Martin Armstrong model shows a peak in April 2009 so it is likely stocks will benefit as oil drops in the spring

    Towards the end of the summer we should start to see the peaceful revolution occur just as we saw the backlash to the Vietnam War in 1968 and the summer of love in 1969.

    The economy will be turning sour again into the autumn of 2009

    6th night (Nov 2009 – Nov 2010)
    The maps to the period 1972-1992
    Expect the economy to be in a dire situation.
    Gold should have a massive peak in the spring of summer of 2010 (that maps to the gold peak in 1980)

    The NWO/power elite will be defeated in a similar fashion to when the Berlin Wall came down in 1989 and the Soviet Union fell in the early 1990s

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  • Total-super-uber-bear says:

    Gardenidiot:

    Plenty of good graphs there.

    I think Little Professor’s allusion to rectal appendages is a little out of place.

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  • mountain goat says:

    good post thanks, I like the history of various housing bubbles. It takes about the same time to deflate as inflate, so we are only very early in this process.

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  • sold 2 rent 1 says:

    Calleman’s 5th night (Nov 2007 – Nov 2008) has been extremely desructive.
    Everyone is amazed at the rate of this crash.

    My mistake was that I thought that this destruction would bring about an immediate change of consciousness, instead it has laid the foundations of that change over the next 2 years.

    The 6 July marked the peak of the power of the power elite.
    The price of oil peaked on 11 July as the NWO cannot pump the price any more.

    For consciousness to change, it will take many people to be thrown onto the dole queue, lose their house, and lose their savings.
    The Second Great Depression will see these things happen.

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  • nopensionnohouse says:

    Big colourful graphs to conspiarloons are what flames are to moths!

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  • gardeniadotnet

    I will say thankyou for this informative post. I always check the bedtime articles the following day so excuse the delay.
    I cannot see how Charles Hugh Smith can be insulted in such a manner as above. Maybe a knee-jerk reaction. America is the World,let no one be under the illusion that it is not. In fact the UK is closer than most to them,so it is very relevent.
    What the USA does is ultra-important so if any Americans read this site. They know that If the USA does good things we all benefit. The change has to initate in the USA,otherwise there will certainly be chaos. They have a huge responsibility in this sense and literally make the difference between prosperity and extinction.

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  • sold 2 rent 1 says:

    denzil,

    On a purely economic issue, the speed at which the world economy is crashing has far surpassed even the most bearish bloggers.
    YOU CANNOT DENY THIS.

    Various banks going bust, oil surging from 50 to 146 in 18 months, food riots around the world, property prices crashing, all these issues are part of the destruction process.

    Of course, 99pc of the population are still sleepwalking in chaos, still refuse to wake up to the reality, so the destruction will continue.
    It has to continue because there is no change without chaos.

    It really looks like many people will be driven to despair before they wake up.
    They will lose their property, their jobs, their savings, and their relationships will break down

    The more you fight the truth, the more personal destruction you will have to take
    You cannot fight the evolution of consciousness because this is the way the universe works

    BTW, David Icke was talking about the flawed debt-based monetary system back in the mid 1990s

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  • s2r1, you expose your foolishness when you say ‘bloggers’. Wanna see those who predicted this sort of thing happening, far better and far more falisifiably than any of your loons? Try Roubini (whose book you haven’t even bothered to read) and Albert Edwards. You really are wilfully ignorant.

    Putting YOU CANNOT DENY THIS in capitals doesn’t make it true. All your following argument hangs on your fallacious assumption, so you really ought to retract it.

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  • S2R1

    Are you David Icke ?

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  • quote from article, (not david icke)

    “Since there are 75 million homeowning households in the U.S., we can infer that 7.5 million homes will transfer from never-should-have-qualified buyers back to unscrupulous/ incompetent lenders. This gives us some context when we read about 1.2 million foreclosures (or whatever the number is proported to be–we all know lenders are hiding distressed mortgages left and right): only 6 million to go. ”

    It’s amazing how off topic a post becomes once james, denzil, npnh get involved, why is that?

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  • “BTW, David Icke was talking about the flawed debt-based monetary system back in the mid 1990s”

    He was also saying that the world was controlled by lizard men or reptilian humanoids and that he was the son of God, an honour bestowed on him by Godhead. Reptilian humanoids include Queen Elizabeth II, Kris KrIstofferson Dubya II and another reptilian humanoid that I wasn’t aware of was poor old Boxcar Willy. Boxcar Willy FFS!

    Even the other conspiraloon (CIA shill) and (self publicist) Alex Jones ridicules Icke. (Great analogy with a punch bowl BTW)
    http://www.youtube.com/watch?v=qMelHSMVQDI

    Perhaps Jones discredits Icke because Jones is a CIA shill or simply that Icke is walking on his (Jones’) patch.

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  • S2R1 said

    “For consciousness to change, it will take many people to be thrown onto the dole queue, lose their house, and lose their savings.
    The Second Great Depression will see these things happen.” – you appear to revel in the chaos ahead S2R1!

    “Various banks going bust, oil surging from 50 to 146 in 18 months, food riots around the world, property prices crashing, all these issues are part of the destruction process.” – Or simply an economic downturn!

    “Of course, 99pc of the population are still sleepwalking in chaos, still refuse to wake up to the reality, so the destruction will continue.” – Er a few things are more expensive and over expensive houses are getting less expensive! I think 99 pc of the population are just getting on with things (or ignoring the impending disastor, take your pick).

    “It really looks like many people will be driven to despair before they wake up.
    They will lose their property, their jobs, their savings, and their relationships will break down” – And they will tear each other apart for a tin of beans and a few potatoes.

    “The more you fight the truth, the more personal destruction you will have to take
    You cannot fight the evolution of consciousness because this is the way the universe works ” – How is being “enlightened” gonna help when the hordes come over to your allotment and steal all your veggies? Or have you got a personal army to help you.

    “evolution of consciousness” – A personal journey and nothing else

    A bleak outlook S2R1 – Some of what you say sounds like it could have been spoken by Pol Pot and they Khmer rouge!

    Remember S2R1 the biggest weapon that totalitarions use is FEAR.

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  • sold 2 rent 1 says:

    nooneo,

    “you appear to revel in the chaos ahead S2R1!”

    It perhaps comes across that way but as I said I understand why the chaos has to take place.
    There is NO other way for change to happen.

    There is something more important than a job, savings, a property, and all the material goods that we consume
    That one thing is freedom.
    That freedom comes at 2 levels:

    1) Freedom from the NWO and all their controlling mechanisms
    2) Freedom from your own ego and a world of materialism, that will pave the way to global enlightenment.

    “A personal journey”
    True. I believe everyone will have to take this journey at some point.

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  • sold 2 rent 1 says:

    denzil,

    Interesting video on Alex Jones discrediting David Icke.
    There are loads of videos accusing Alex Jones as a fake with half truths.

    As I said yesterday, look at what these guys are not saying, for the real truth.

    2012 also has tons of rubbish written about it – such as Planet X
    Calleman’s evolutionary model with an end date in 28/10/2011 is much more testable between now and 3.5 years time than the 21/12/2012 end date with an apocalyptic event.

    If 2011 marks the end of evolution, the secret societies that have been running the show for 1000s of years will have a pretty good plan of hiding the “ultimate truth” of what is in store.

    We aint seen nothing yet.

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  • sold 2 rent 1 @ 27

    “If 2011 marks the end of evolution, the secret societies that have been running the show for 1000s of years will have a pretty good plan of hiding the “ultimate truth” of what is in store.”

    I think I’ve bleedin hear it all now. Please explain how evolution will end, or perhaps you can’t see it with your head stuck up yo’ @rse!

    End of evolution, what a larf – Secret societies running the place for 1000s of years, you really do believe all you read s2r1. Are the Blue Meanies going to come over and destroy planet earth. C’mon s2R1, please explain the “End of Evolution” – I reckon you should go join all the creationists (you know all G-dubblya’s mates) who believe that Isreal has to exist so the end of the world can happen just as it says in bible!

    End of evolution – With comments like that I suspect you’ve completely stopped evolving. This sites about economic downturns not the end of civilisation and mass destruction. What you describe is more in tune with christian fundementalists!

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  • sold 2 rent 1 says:

    nooneo,

    “End of evolution”

    I could be wrong.
    But we still have Robert Prechter’s 300 year crash to deal with, and Oswald Spengler’s analysis of civilisations puts “The West” close to extinction. A 300 year crash could easily finish us all off.

    Remember no civilisation has ever lasted.
    Egyptians (1700 years)
    Greek-Roman (2000 years)
    The West (1500 years)

    Calleman’s model offers hope where other cycles only show despair.

    If you study Fred Harrison (18 year land cycle), Kondratieff waves (60 year cycle), Elliott waves, Martin Armstrong PI cycle, Oswald Spengler (civilisation cycles), and Calleman, you see how these models and patterns can be linked together.

    I had accepted that we were looking at the end of civilisation before I discovered Calleman.
    Now I have hope.

    This is why I say everyone has to experience despair before they can have move towards global enlightenment

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  • sold 2 rent 1 says:

    denzil at 10.

    Very interesting video you posted
    David Icke on why the elite are obsessed with genetics

    Yes they are the same elite

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  • sold 2 rent 1

    I have to give you credit for the way you stick to your guns. I still can’t see the end of evolution. I also think that “civilisation” is just the reality that we live in. When it breaks down (war, famine Rwhanda) humans just resort to type and kill each other. Civilisation is normally usurped through the destruction of freedom and modern freedom can really only be taken away by force.

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