An Absolute Farce

Sun, Nov 20, 2011 - 5:44pm

Back in August, we were all treated to some "political theater" entitled "The Great Debt Ceiling Debate of 2011". What's the old line? Oh, yah..."Fool me once, shame on you. Fool me a couple hundred times, shame on me."

Seriously, this would be comical if the stakes weren't so high. The United States of America, the world's largest debtor and provider of the world's reserve currency, is insolvent and bankrupt. Its leaders are brazenly corrupt. However, its citizenry has been dumb-downed to the point of ambivalence. Therefore, the following has been allowed to pass without so much as a whisper of complaint as if its nothing but "business as usual" in Washington.

1) The "debt ceiling law" was written in 1917 (deltabravo #1 Woodrow Wilson was POTUS) ostensibly to provide a limit to the borrowing power of the federal government.

2) For almost 100 years, every time the "ceiling" is approached, Congress simply votes to raise it. Some ceiling, huh?

3) This past August, "fiscal sanity" suddenly seemed to emerge as "tea party" republocrats were going to "hold the president's feet to the fire" and halt the growth of the national debt.

4) The "crisis" was averted when a "deal was struck" that would only raise the debt ceiling by an equivalent amount of tax hikes and spending cuts.

5) However, tax hikes and spending cuts are too scawey fo little o congwessmen to debate. So, they violate the Constitution by granting special powers to a "Super Committee", conveniently comprised of legislators from districts and states whose seats are deemed "safe" due to years of gerrymandering, fundraising and other ill-begotten political benefits.

6) The Super Committee would meet in private and be tasked with the job of finding a "grand compromise" which would include new tax hikes and spending cuts. We were assured that, if the committee could not reach an agreement by November 21, "draconian" budget cuts would immediately be implemented.

7) These supah-scawey cuts would, undoubtedly, serve as the ultimate inspiration for The Super Committee to reach their "grand compromise".

8) The budget would be saved. The U.S. fiscal house would be in order. Nirvana, peace and utopia would reign for the next thousand years.

Hmmm. Not so much.

We find out today that The Super Committee has failed..."punted", as they say. Oh, you must be wondering, I wonder whose "ox is about to be gored" by those "draconian cuts"? big deal. We also find out today that there were never going to be any "draconian cuts". It was all just a ruse. There are no cuts until 2013. No tax hikes until 2013, either.

Hold on a minute. Wait just a second. If we go back to August, the only way that the debt ceiling was going to be raised was on the promise that The Super Committee would negotiate a settlement. The fact that there would be a "settlement" was ensured by the pending "draconian cuts". Now you're telling me that the committee has failed to reach an agreement and that's OK because there are no cuts or tax hikes until 2013 anyway? Nothing changes? All is well?


And there's no outrage? No one cares that the citizens of the U.S. were sold a bill of goods back in August, all in the name of political expediency? Am I the only one who is incredulous at this? Just because this is "business as usual in Washington" means that this is no big deal?

Well, I got news for you. It is a big deal! This country is doomed! Soon, the undeniable, rapidly-accelerating spiral of debt will unleash heretofore unseen myriad of financial disasters upon this planet. Your only financial protection against this apocalypse is physical precious metal. Period. Buy it now while you still can.


About the Author

turd [at] tfmetalsreport [dot] com ()


Perfidious AlbionMonedas
Nov 21, 2011 - 8:56am


Monedas 2011 Comedy Jihad The Fiat Masters Are Testing Our Metal ! This is our Stalingrad, Comrades !

Lol..........Wicked vibe wicked... :) keep em coming

We salute you Sir..

OrangeGeorge Clooney
Nov 21, 2011 - 8:48am


It looks like your hood scene was caught on camera:)

DaddyOBig L
Nov 21, 2011 - 8:41am

A Big Hat Tip to Big L...

I couldn't agree more!! The Government has been and is fast becoming the largest impediment to any real and meaningful policy that would right a foundering ship. It has been hijacked by those hellbent on burning the old girl to the ground.

I too, will stand with those who still believe in the right to self determination and free markets.

And like you said before,"Brace for Impact"


jaceyjoe rocker
Nov 21, 2011 - 8:41am

@joe rocker

News flash a woman for 51 one has given me anything! I have worked hard for what I have...No, I don't have a clue what it's like to be a man, and most men don't know what it's like to be a woman. If I am out hauling logs around the homestead, and I can't figure out a way to move it on my own (which most of the time I do!) I will ask for help. I don't assume the help and no one around here assumes I need help. Not to say there are not many women out there who will take advantage of an attitude like yours...but I will say, most women I know, do not fall into that category.

MonedasBig L
Nov 21, 2011 - 8:37am

Thanks Big L !

Makes sense what you say ! I was thinking there might be a momentary crash in housing during the crash.......later everything goes up denominated in the Filthy Fiat ? Hang in their know the Monedas, Semper Semper Fi, hasn't sold one thin dime, nor one bullet, nor one Bible, nor one nada ! However, I still remain available for romance ! Good morning Xtasy ! Monedas 2011 Comedy Jihad The Fiat Masters Are Testing Our Metal ! This is our Stalingrad, Comrades !

Nov 21, 2011 - 8:30am

Xtasy, you kill me !

I would cancel my AAA Towing Service if I had you as a necked hood ornament on my 1949 Studebaker coupe ! Well, I'm awake now ! Monedas 2011 Comedy Jihad Dreams Of Our Kids

Nov 21, 2011 - 8:19am


Joe Rocker - I can see why people might hesitate to help you. Karma, as my daughter likes to say, can be a bitch. Oh, lots of female imagery there, sorry. Karma, as my son likes to say, can be a real bastard. There, language you can appreciate.

Nov 21, 2011 - 8:12am

Well, Joe back to bash the girls?

I seem to remember my husband getting pulled out of a ditch near the cottage by a passing stranger last winter - oh, I forgot, I was there, naked, leaning on the hood!

Men don't have a clue what it is like to be a woman, no kidding.

Nov 21, 2011 - 8:11am

Privileged Treatment for the Wealthy

The following article on first class air travel details the luxurious seats and pleasant service provided to first class travelers. It also mentions that those travelers may receive many perks outside of the airplane.

One that caught my eye was the frequent first class flyer (189 flights in two years) who is brought to the front of the security line. As I always fly steerage class, I've seen people in wheelchairs brought to the front of the line, and that doesn't bother me, as they are typically being escorted to their gate by airport personnel, and I realize that society is better served by the airport personnel being able to quickly escort the passengers and then return to serve other passengers. And I've seen crew who go to the front of the line, and that doesn't bother me, as I recognize a distinction between passengers and crew.

However, I think that in one case, I did see a separate security line for first class passengers, and this article confirms that select wealthy passengers can go to the front of the line. I'm not sure that I understand this. First of all, what is a line? Is standing in line mandatory, or merely proper etiquette? The answer may depend on the circumstances. Waiting for the bus every day, I generally see people voluntarily form a line, though I also see some scumbags who are too stupid or too inconsiderate to stand in line, who walk past everyone else and linger near the front. Sometimes people standing in line will verbally correct those rude people, but no one is ever arrested for jumping a line. Thus, standing in line seems to be a matter of order, but not law.

In other cases, I see that the party controlling the checkpoint takes action to ensure that the line is orderly. Post offices and movie theaters may have stanchions, barricades, velvet ropes, etc. to corral people like sheep into the proper line, and I have also read of such things when people wait for a retailer such as Best Buy to open up on "Black Friday." When the entity controlling access also has ownership of the property on which the line forms, that makes sense. In the case of an airport, TSA manages the security checkpoint, but do they manage the line? It seems that the line is on airport property. Sometimes the line only serves a terminal that is entirely leased to one airline, and thus perhaps an argument could be made that the line outside security is on property that should come under the control of that particular airline. However, in other cases a terminal and security checkpoint serves a number of different airlines.

I sometimes think the line is under TSA control. Frequently, TSA personnel will be stationed at the entrance to the line, making a first check that a person has a boarding pass and matching identification. Also, the line clearly functions solely for the purpose of organizing people to pass through TSA's checkpoint. Thus, I have a hard time understanding what right an airline has to decide that its first class passengers can bypass the line of steerage passengers. Isn't this like going to a Federal government office, such as the IRS or Social Security, and announcing that because one is rich, he does not wish to wait in line?

Nov 21, 2011 - 8:07am


Not sure if your dear friend is open to investigating alternative therapies, however I felt compelled to at least give you some leads that might help. I have absolutely no association with these people/products and have no clue if they work or not. I am just interested in alternative therapies and found these two to be of interest. Just google the terms and do extensive DD if anybody is interested. Also query testimonials and perhaps add stage 4. I recall some saying it may be difficult at that stage and others that have recovered.

Good Luck

Query Jim Humble and MMS. Also query vitamin B17 which is completely separate from MMS.

I have taken both with no known adverse effects just as a preventative measure. B17 as apricot kernels as well as apricot oil.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Recent Comments

by OceanX, 47 min 8 sec ago
by Reignbird, 50 min 7 sec ago
by Phoenix79, 1 hour 9 min ago
by uni59, 1 hour 21 min ago
by indiana rod, 1 hour 21 min ago