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Monday, March 18, 2013

"enormous possibilities for the Administration"

Granted, he is often a little excitable with regards to the imminence of the sky falling, but in this case, Karl provides mathematical support for his prediction concerning when something similar to the Cypriot action will take place in the USA:
In two years federal medical spending along with Social Security and interest will, on current paths, reach the total of all tax receipts. At the outside the market will realize that Congress will never address the underlying issue with medical care because they have steadfastly refused to do so.  At that point we will have become Greece and Cyprus.

For those who say that our banking system is "strong" and "not corrupt unlike Cyprus" may I ask what the record is on money laundering and intentional obfuscation of the truth with regard to firms such as HSBC and Wachovia (both of which were caught laundering enormous amounts of money) and JP Morgan (which was just grilled, along with the regulators, regarding the "London Whale") and not one person or institution has been indicted and prosecuted?

There is about $20 trillion in US Retirement "assets."  A "small" 10% "one time" tax levy on those assets would fund the US Deficit a couple of years from now, and I will go out on a limb now and predict that exactly that will be done.
It first crossed my mind that this could eventually happen back in 1998, although I can't remember why, but we were discussing it for one reason or another.  I never thought it was necessary, not even in 2008, because I simply didn't imagine that the financial rulers of the US were crazy enough to continue with their credit expansion even after that clear and present wake-up call.

Two years seems rather on the abrupt side to me, but as I have often observed, these things always take longer to develop than one imagines, and then, when they finally arrive, unfold faster than one can believe.

Labels: ,

77 Comments:

Anonymous Josh March 18, 2013 1:01 PM  

Granted, he is often a little excitable with regards to the imminence of the sky falling

That's a polite way of putting it...

Anonymous Other Josh March 18, 2013 1:10 PM  

Karl cracks me up, but he's a smart dude. If you can look past the emotion, there is a vast wealth of information to be learned at the Market Ticker.

Anonymous Josh March 18, 2013 1:16 PM  

I never thought it was necessary, not even in 2008, because I simply didn't imagine that the financial rulers of the US were crazy enough to continue with their credit expansion even after that clear and present wake-up call.

Well, when the only tool you have is a printing press...

Of course what we're seeing in Cyprus is the purest form of deflation, is it not?

Anonymous Salt March 18, 2013 1:23 PM  

The US market is absolutely poo-pooing the Cyprus event. It's like there is nothing to be learned.

"Carry on. Nothing to be seen here. Carry on."

Blogger Nate March 18, 2013 1:27 PM  

"In two years federal medical spending along with Social Security and interest will, on current paths, reach the total of all tax receipts."

and now you know what I say 2015.

Anonymous Outlaw X March 18, 2013 1:27 PM  

Fox News Video of fire bombs in Cyprus.

Blogger Nate March 18, 2013 1:27 PM  

"Of course what we're seeing in Cyprus is the purest form of deflation, is it not?"

How is theft deflation?

Anonymous Josh March 18, 2013 1:30 PM  

How is theft deflation?

Because it's a reduction in m2, or whatever the cypriot version of m2 is.

Anonymous RINO March 18, 2013 1:30 PM  

So, based on the reaction to the last post, the consensus recommendation is to move money out of the financial system ASAP?

Anonymous zen0 March 18, 2013 1:30 PM  

When it happens, there will be many people who will say it is the just and proper thing because we live in a democracy and we voted.

I have already seen it in the comment section of a Cyprus english language newspaper.

Anonymous Anonymous March 18, 2013 1:35 PM  

"When it happens, there will be many people who will say it is the just and proper thing because we live in a democracy and we voted."

Fuck 'em. When they come looking for help, I'm going to keep walking.

Blogger El Borak March 18, 2013 1:38 PM  

the consensus recommendation is to move money out of the financial system...

You should put it all in chili. That way you'll have some when they try to call you out.

Unfortunately, no one can escape the banking system entirely, but it's about minimizing risk, just like everything else.

What I'm confused about is why people find it so hard to believe they no longer own the money they put in the bank. They are screaming as if they expected that the bills and coins they deposited are sitting in a little box with their name on it. Folks, you are getting interest* because you have lent your money to the bank, which has lent it to someone else. That's where interest comes from. You no more own the money in your bank account than you own the money in your Savings Bonds.

If you don't want to trust the promises of others, don't lend them your money.

* to the extent you are getting any in the Ben Bernanke's ZIRP world

Anonymous Josh March 18, 2013 1:42 PM  

What I'm confused about is why people find it so hard to believe they no longer own the money they put in the bank.

Because:

1) they're called demand deposits
2) the bank said you could access it at any time for any reason
3) the fdic is supposed to guarantee your deposits
4) MPAI

Anonymous E. PERLINE March 18, 2013 1:45 PM  

Never mind bank accounts. I warned my 2 daughters against leaving their 401 KS and other retirement accounts on the table. The Federal Government will grab them because it's the only way it will be able to pay off debts. But what would an old man know against college- educated Obama voters?

Anonymous Daniel March 18, 2013 1:46 PM  

Well, if Harry Stamps has taught us nothing else, it is that we are living on Devil's Time

Blogger Nate March 18, 2013 1:47 PM  

"Because it's a reduction in m2, or whatever the cypriot version of m2 is."

the money is just changing hands. its not disappearing.

Blogger Nate March 18, 2013 1:48 PM  

"1) they're called demand deposits
2) the bank said you could access it at any time for any reason
3) the fdic is supposed to guarantee your deposits
4) MPAI"

All of this can be summed up nicely by simply saying... "That's just what you do. you put money in the bank. Duh."

Anonymous 11B March 18, 2013 1:49 PM  

At this point I would welcome the government taking a cut of savings, retirement or other brokerage accounts. I would welcome them trying to confiscate firearms as well. I would welcome any move they might try that overplays their hand. Whatever it takes to finally push the sheeple over the edge, I welcome.

Anonymous Hygate March 18, 2013 1:52 PM  

I recall that Bernie Sanders (Communist-Vermont) held hearings about confiscating 401k's and replacing them with government pensions back in 2008. However, this is the only link I could find that references Bernie and this plan. I am afraid they would get away with it because according to media reports (yeah, I know) most people don't have that much money in their 401k in the first place and are drawing down what little they do have to pay present bills because they can't get jobs in the present economy. In fact, if they do end up confiscating 401k's then the people using them to pay current bills are the ones acting prudently.

http://lonelyconservative.com/2010/11/democrats-and-unions-still-want-your-401k/

Anonymous Anonymous March 18, 2013 1:52 PM  

"At this point I would welcome the government taking a cut of savings, retirement or other brokerage accounts. I would welcome them trying to confiscate firearms as well. I would welcome any move they might try that overplays their hand. Whatever it takes to finally push the sheeple over the edge, I welcome."

If it involves EBT cards, watch out.

Anonymous JartStar March 18, 2013 1:53 PM  

A "small" 10% "one time" tax levy on those assets would fund the US Deficit a couple of years from now, and I will go out on a limb now and predict that exactly that will be done.

They can't do a 10% "one time" tax because so many people will cash out and go ahead and take the penalties there'd be nothing left to steal the second time around. They have to do a 50%+ "tax" and then claim you can get it when you retire from some new double secret treasury type which of course can't be cashed out of but is an extra thick lock box.

Of course this is assuming they don't rewrite the rules and simply print, but that is even more hazardous as it could end the currency immediately.

Anonymous Josh March 18, 2013 2:03 PM  

All of this can be summed up nicely by simply saying... "That's just what you do. you put money in the bank. Duh."

Yes. I was trying up illustrate the thought process of the average depositor.

Of course this confiscation is illegal, but for a while now the rulebook has been essentially tossed out.

Anonymous JartStar March 18, 2013 2:05 PM  

So if Nate turns out to be correct about the timing, will he be correct in hunkering down in the US in his "fortress" or will Vox do better hiding in the hills of Italy?

I see that the US is unprepared for a collapse unlike Italy which has already collapsed, but at the same time it appears from here that the European public is almost completely passive regardless of what their EU overlords dictate and simply obey. I can't imagine the US being as peaceful as Spain or Greece if the unemployment rate was equivalent.

Anonymous dh March 18, 2013 2:05 PM  

The question is what would precipitate that action?

The basics of what Denniger claim are true right now. We are 2 years away from parity, but the things he mentions already do make up a huge portion of the budget, in the realm of at least 80% of receipts.

So why aren't doing it now, or, why haven't they already done it? The bones of the problem are the same.

Denniger fails again to state a case of what will change to make his predictions happen. What is the precipitating event?

Anonymous DrTorch March 18, 2013 2:06 PM  

11B March 18, wrote: Whatever it takes to finally push the sheeple over the edge, I welcome.

Yeah, here's someone saying almost the same thing

http://www.rhdefense.com/2013/03/05/step-away-from-the-wrong-fight-over-everything

Oh wait, look exactly at whom he's trying to awaken! Figure scoobius will love this.

Anonymous Josh March 18, 2013 2:07 PM  

the money is just changing hands. its not disappearing.

It's changing hands from to pay down bank debt, which is removing it from circulation.

Blogger El Borak March 18, 2013 2:07 PM  

They have to do a 50%+ "tax" and then claim you can get it when you retire from some new double secret treasury type which of course can't be cashed out of but is an extra thick lock box.

Bingo. It will not need to be a "haircut," - instead, following a 2008-style drop in the market, they'll simply "convert" half of your 401(k) into special savings bonds that can't lose value*, even promising to "recover" some of your losses. They can assuage the fears of those who are too stupid to have money by relieving them of that burden.

Everyone else, however, will kick themselves for not seeing the surprise govt buttseks a mile away.


* having none

Blogger Nate March 18, 2013 2:14 PM  

"So why aren't doing it now, or, why haven't they already done it? The bones of the problem are the same."

Because right now... really dumb people are still willing to buy US treasuries. That is what will change. Between now in 2015 it will become plainly obvious that the US can't even service its debts... and then they'll have a treasuries auction... and no one will show up.

That is the process.

The kinds of actions Vox and Karl are talking about... are the things the government will do in a panic to keep that from happening.

Anonymous Josh March 18, 2013 2:14 PM  

the money is just changing hands. its not disappearing.

It's changing hands to pay down a bunch of debt (owed to other banks). That money is out of circulation.

Blogger Nate March 18, 2013 2:16 PM  

"So if Nate turns out to be correct about the timing, will he be correct in hunkering down in the US in his "fortress" or will Vox do better hiding in the hills of Italy?"

I'm an optimistic pessimist... meaning... I believe everything is going to fall apart and the conditions will be totally horrible for everyone.

But I'll be fine.

Blogger James Dixon March 18, 2013 2:21 PM  

> But I'll be fine.

And when you need your computers fixed you'll know who to call. :)

Anonymous JartStar March 18, 2013 2:24 PM  

BTW, where the hell are the UFO Nephilim we were promised!

Blogger Nate March 18, 2013 2:29 PM  

dude... Dread is like the stoned version of Karl Denniger.

Blogger LP 999/Eliza March 18, 2013 2:31 PM  

I envisioned something like this around 2005 when I was in Charlotte's banking system.

Yet still, as of 2;30 on the east coast the public or most of the world does not understand the magnitude of what has just happened.

Blogger LP 999/Eliza March 18, 2013 2:31 PM  

The criminality of it all is so very clear.

Anonymous Josh March 18, 2013 2:32 PM  

dude... Dread is like the stoned version of Karl Denniger.

I think he's using some more potent drugs than just weed...

Anonymous James May March 18, 2013 2:34 PM  

Commienism don't come cheap. You got to rob Pete to pay Paul and then there's the transgendered operations and welfare for people who think books are something like paperweights. In many neighborhoods across America, book stores don't even need locks. You can buy books for the mailing cost on Amazon.

Commienism pays; just ask Comrade Scalzi, who wrote a short, sharp, pitch perfect version of The Protocols of the Elders of Zion, just for his readers. Different characters, same principle.

Racism pays. They just call it something different so as not to alarm the clod-pullers. Call it something different and it's awards time. Just ask stinking anti-white racists like N.K. Jeminsin at the SFWA and Ta Nahesi-Coates at the Atlantic.

Sink your money in gold, cuz our bureaucracy has made our money worthless and subject to seizure. I recommend coin - no assaying fee. Remember, an old 20 dollar gold piece from 1900 will still buy you a very nice suit.

20 dollars paper will buy you socks. After they're done with your bank accounts and stocks, they'll sell our aircraft carriers to China and Argentina. Commienism's expensive.

CNN says 10 to 20% of Mauritania are slaves today. We've run out of pre-civil rights no inflation era white male racists to save them.

Oh well. People who look like them will do something. Just as soon as they figure out how to reverse engineer a safety pin they can't currently do due to white privilege. Then it's aircraft carriers away! Made out of cardboard.

Anonymous Rulers Of Evil March 18, 2013 2:35 PM  

It's all the LSD we pumped him full of in the Marines.

Anonymous Alex Jones March 18, 2013 2:39 PM  

I thought it was those Friday nite Ecstasy binges.

Blogger Desert Cat March 18, 2013 2:45 PM  

A loan is a double-entry bookkeeping entry. Both an asset (promise to pay) and a liability (demand deposit) are created when a loan is made. When the asset (payment) is received, the asset entry and the corresponding liability entry are zeroed out.

Therefore any money taken from Greek's bank accounts to pay off government debts is money that is zeroed out of the economy.

Anonymous Gen. Kong March 18, 2013 2:48 PM  

"enormous possibilities" = the salivating of looters, licking their chops in anticipation. There it stands before their eyes and millions still refuse to see.

Anonymous Stilicho March 18, 2013 2:51 PM  

I thought it was those Friday nite Ecstasy binges.

I totally missed out on those. Apparently, I spent too much time deployed to the wrong places.

Anonymous James May March 18, 2013 2:53 PM  

"Fair share, fair share, fair share... ba-raack! Polly want a cracker? Ba-raack don't like crackers. Wants coin from crackers."

Anonymous Red Comet March 18, 2013 2:57 PM  

Denniger fails again to state a case of what will change to make his predictions happen. What is the precipitating event?

Inertia

Anonymous Clay March 18, 2013 3:04 PM  

This may have been previously addressed in another thread, so, forgive me if I missed it:

Since Cyprus is occupied by both Greek & Turks, what do the Turks think of this? It seems all I've heard pertains to the Greek perspective. (And, it was my understanding the Greeks & Turks got along like cats & dogs)

Knowing those Turks, I wouldn't be totally surprised to see them invade Cyprus again, to safeguard their compatriots wealth. Maybe the Russian are wary of this, sending a "fleet" to the Med?

Or, is this a non-issue in modern-day Cyprus?

Blogger IM2L844 March 18, 2013 3:07 PM  

The question is what would precipitate that action?

What if the fed, at the first sign of higher than expected inflation indicators and in an effort to solicit confidence in the notion that there is no longer a debt crisis, overreacts and unnecessarily raises interest rates too high too quickly.

Anonymous Josh March 18, 2013 3:13 PM  

Clay,

I think only the Greek portion of Cyprus is in the Eurozone.

Anonymous Clay March 18, 2013 3:25 PM  

I was confused about that.....thanks, Josh.

Anonymous James May March 18, 2013 3:27 PM  

The Turks fell because they became overrefined and forgot water is wet. Today, we are re-enacting that collapse based on bizarre cultural conceits such as actually believing all men are equal. The Baltimore Ravens are proof all men are not equal. Even the Turks today aren't as stupid as we are. How much welfare is there in Turkey? The Turks have even tried to enact laws protecting their language and culture.

I don't exactly admire that, but nothing exists in a vacuum, and it looks pretty good compared to slitting my own throat for some boob in Madagascar trying to do an impression of the Easter Islanders and predictably running to a place they're not that boobish when they run out of trees.

Anonymous RINO March 18, 2013 3:34 PM  

When will the rape end?

Anonymous dh March 18, 2013 3:35 PM  

Because right now... really dumb people are still willing to buy US treasuries. That is what will change. Between now in 2015 it will become plainly obvious that the US can't even service its debts... and then they'll have a treasuries auction... and no one will show up.

That is the process.

The kinds of actions Vox and Karl are talking about... are the things the government will do in a panic to keep that from happening.


Who do you think is buying treasuries right now?

Blogger Buddy E. March 18, 2013 3:39 PM  

SHTF time, methinks.

http://www.zerohedge.com/news/2013-03-17/german-commerzbank-suggests-wealth-tax-italy-next

Anonymous Josh March 18, 2013 3:46 PM  

Who do you think is buying treasuries right now?

The Fed can't keep buying them indefinitely, lest it start losing money.

Anonymous Curlytop March 18, 2013 3:52 PM  

RINO March 18, 2013 3:34 PM
When will the rape end?


When morale improves, of course. ;-)

Blogger tz March 18, 2013 3:53 PM  

No, the markets will go down (stocks, bonds, gold), people will complain about their tax-free accounts, so to "protect" the people and to insure safety, 50% ($10Trillion) will be forced to be put into special Treasury bonds which are about as negotiable as those in the Social Security "trust" fund.

Anonymous James May March 18, 2013 4:02 PM  

Greek Cyprus has the highest number of illegal aliens per capita in Europe. It is thought the Turk Cypriots help with this in order to destabilize the Greeks and do the same thing on the mainland. Illegal aliens cost Greece about 150 million Euros a year and 65% of crime is done by the 10-15% which comprise the non-Greek population. More money down the hole. The hysterical irony is that none of the illegals passing through Turkey actually want to stay in Turkey cuz that would be just like staying home in the first place.

Falling productivity, crime and economic woe in Europe has followed mass migrations out of Africa and the Middle East due to the miraculous coincidence that everyone in Europe is a racist and immigrants are therefore being held down by "the man."

There are no "the man" in the places illegals come from so how they mass oppress themselves to the point they flee onto leaky boats or bundled inside the gas tank of a truck is a mystery.

What is not a mystery is the almost incalculable cost of investing in failure due to soft-hearted commie liberals who want to uplift the world down to the last gay female in Tierra del Fuego because she cried when a cloud passed over the sun.

Happy times ahead people. Unfortunately Mars is not yet ready for colonization, though sneaking onto it is so difficult we really should make it a priority.

Go ahead and have EU-like regulations; it's not like one can apply for legal and automatically granted asylum after being strapped to the weightless compartment in a spaceship full of your own droppings after a few months.

Anonymous Porky March 18, 2013 4:04 PM  

How about an even exchange? 10 billion dollars from Cyprian bank accounts in exchange for 10 billion dollars in nice, neatly-bundled mortgage backed securities? They're in mint condition - never even been looked at.

Anonymous RAS aL gHUL March 18, 2013 4:18 PM  

"A "small" 10% "one time" tax levy on those assets would fund the US Deficit a couple of years from now, and I will go out on a limb now and predict that exactly that will be done.

They can't do a 10% "one time" tax because so many people will cash out and go ahead and take the penalties there'd be nothing left to steal the second time around. They have to do a 50%+ "tax" and then claim you can get it when you retire from some new double secret treasury type which of course can't be cashed out of but is an extra thick lock box.

Of course this is assuming they don't rewrite the rules and simply print, but that is even more hazardous as it could end the currency immediately."

10%, 50% you're all thinking too small.

You sieze it all and set up a federal pension for "social justice reasons" to insure a fair pension entitled to all (especially teachers, government workers, the military and minorities), and an additional 6.5 percent tax. Pay no attention to social security that's just a safety net, this is for prosperity . . .

Anonymous Jack Amok March 18, 2013 4:35 PM  

So why aren't doing it now, or, why haven't they already done it? The bones of the problem are the same.

The kinds of actions Vox and Karl are talking about... are the things the government will do in a panic to keep that from happening.


Yes, the question "why aren't they doing it now" presupposes the folks making these decisions are forward-looking. They're not, which is why they've gotten themselves (and us along with them) into this mess in the first place.

Besides, at this point, anyone looking into the future with clarity will realize nothing can save the current system. It's going to go away. But the banksters and bureaucrats love the current system - it's far better to them then anything they can realistically imagine taking it's place. So even if they can see the future, they've got no wish to hurry it along.

Short term thinkers - the majority of the B&B crows - are just trying to keep the plates spinning. Any long-term thinkers among them are pessimistic enough about the future to want to put it off as long as possible.

We'll get these Cypriot Haircut sort of things right up until the end. They'll buy increasingly less and less time, but the fools will run them as long as they buy them even another month as Lord of the Manor.

Anonymous 11B March 18, 2013 4:53 PM  

What is not a mystery is the almost incalculable cost of investing in failure due to soft-hearted commie liberals who want to uplift the world down to the last gay female in Tierra del Fuego because she cried when a cloud passed over the sun.

I might have believed that in the past. But I am of the opinion now that the commie liberals in the EU and US are not bringing in nonwhites for beneficent reasons. Rather they are trying to crush for all time any remaining trace of nationalism among European peoples, whether in Europe or the New World.

Whether they hate nationalism because they want to: a) prevent future war, b) pave the way for worldwide government, or c) think it's good for the Jews, makes little difference. The end result is that they must forever dilute the cultural, religious and ethnic solidarity of European peoples.

Anonymous Loki of Asgard March 18, 2013 5:09 PM  

BTW, where the hell are the UFO Nephilim we were promised!

Patience.

After my little prank on Friday, I was rather at a loss for ideas.

But today, I redoubled my efforts, and I not only managed to provoke whales to become exhibitionists, but also gave madmen exactly what they were looking to see.

Anonymous civilServant March 18, 2013 5:18 PM  

Two years seems rather on the abrupt side to me

We already are half-way there. During January and February to bridge the gap in congressional spending authorization the Treasury borrowed federal retirement system money to maintain spending obligations.

We are told that the expended money has been restored. Just like Social Security money will be restored.

Anonymous DrTorch March 18, 2013 5:30 PM  

C'mon Loki, you're the god of strife. I figured this to be more you:

http://www.nj.com/news/index.ssf/2013/03/police_throw_16_off_nj_transit.html

Anonymous civilServant March 18, 2013 5:45 PM  

Who do you think is buying treasuries right now?

The Fed can't keep buying them indefinitely, lest it start losing money.


The Federal Reserve can buy treasuries as long as it can print money. The problem is that such purchases eventually become meaningless. The authorization to print money is futile if there is no functional economy.

So if Nate turns out to be correct about the timing, will he be correct in hunkering down in the US in his "fortress"

He will have to hunker deep. Snipers with decent training can hit targets out to one thousand meters.

or will Vox do better hiding in the hills of Italy?

Historically people survive better in communities. So. An established community with an agricultural tradition and capability but somewhat isolated behind difficult terrain and having a large spring source capable of sustaining the entire population would be best.

Anonymous Loki of Asgard March 18, 2013 6:13 PM  

Good doctor, you can clearly see that you do not need me for such madness.

No, I had a yearning to do something bizarre today. I do what I want.

Blogger Nate March 18, 2013 6:45 PM  

"He will have to hunker deep. Snipers with decent training can hit targets out to one thousand meters."

Much further than that son.

Blogger Nate March 18, 2013 6:48 PM  

"Who do you think is buying treasuries right now?"

Exactly. And at this rate if they keep doing so they will be losing money for the first time in 2014.

Anonymous civilServant March 18, 2013 10:02 PM  

Much further than that son.

More my point.

Anonymous Retrenched March 18, 2013 11:32 PM  

That won't happen here in the states... well, not unless they succeed at disarming us. It's much easier to rob people at gunpoint when they can't shoot back.

Anonymous sprach von Teufelshunden March 19, 2013 1:13 AM  

Okay, so Denninger wonders. Well, so does Johnny Punish. You guys think Karl is animated? Put him in the same room as Stew Webb, say for a week. Just the two of them. Following that period, you will have Karl either rivaling Webb, or dashing frantically to clutch his mother's bosom, (or if deceased, digging up her grave to clutch same, her dried bones).

To answer the Nephilim arrival question. First off, if profess Christianity, you mock your Savior. (Matt. 24:37) You may as well charge him with being on hallucinogenics. You feel pretty foolish right now, don't you? It will happen. It may well be in our lifetimes. I think ISON arriving in November, will certainly give us some clues. (It is called the "blue messenger.")

Have any of you read the book of Jude? The book written by the brother of our Savior. Jude suggests you read the Book of Enoch, at some point in your life. The Book of Enoch is basically a commentary and amplification of Genesis 6. When Jesus talks about "the days of Noah," he is making direct reference to Gen. 6. Gen. 6 is explained in vivid details via Enoch. What Jesus is describing, that will come again, is enumerated in Enoch.

So, I suggest you acquire your very own select drugs of choice, and sit down and read the Book of Enoch, if you count yourself prepared for what is to come. You are probably going to need those chemicals. I suggest diazapam for most of you. Then, as Webb outlines, eventually you will graduate from kindergarten, and finally become adults. Are you truly ready for Karellen when he appears?

Another take on the progeny of the ἐγρήγοροι, is that they have been under our noses for some time, in a place most would never suspect... (but have wondered what really goes on there)

Blogger Nate March 19, 2013 8:13 AM  

Dread... you... idiot.

Matt. 24:37 has nothing to do with Nephilim. Dear Lord to extrapolate that... its like something the catholics would do to.

We're not mocking Jesus Dread... we're mocking you for such an idiotic commentary on what Jesus said.

Jesus means that people before the flood were oblivious. They were just living their lives and doing their thing like everything was normal and ok... then ***POOF*** everything changed so quickly and so radically that they had no idea what hit them.

He is saying it will be like that when He returns. Everyone will be just living their lives... not thinking about anything about to change... that they will be totally blindsided by it all.

Blogger Nate March 19, 2013 8:27 AM  

Also... very amusing to hear how the nephilim are coming back.. what with the fact that they were all killed by the flood and all. I mean... that was the point of the flood in the first place... to kill all the nephilim.

Ahh.. but those nasty angels have been down here hitting the mortal poon again eh Dread?

Put down the meth son... its amazing you have any teeth at all.

Anonymous dh March 19, 2013 8:50 AM  

Exactly. And at this rate if they keep doing so they will be losing money for the first time in 2014.

Can you share your calculations?

Blogger Nate March 19, 2013 9:27 AM  

"Can you share your calculations?"

Its not my calculations mate. The Fed said it themselves publicly... which Josh referenced earlier in this thread.

Anonymous Anonymous March 19, 2013 1:22 PM  

I can see the Democrats going for a EU style cash grab, but I fail to see any logic for raiding 401Ks. The value in 401Ks is in securities. To free up money for government spending (on their own salaries no doubt) the congressfelons would need to grab the securities and sell them. But what damn fool is going is going to buy securities when they know the gov't will just grab them? All they'll manage to do is crash the market. Now for the Cloward Piven set, that's sort of the point, but they are beyond stupid if they they think they'll be the ones in charge after the crash.

Anonymous geoff March 19, 2013 2:20 PM  

@anon

if they have all the guns why not assume theyll be in charge

Blogger Unknown March 19, 2013 9:39 PM  

Karl might want to adjust his timeline.

http://www.ctmirror.com/story/19238/despite-no-tax-hike-pledge-malloy-budget-sparks-ideas-raise-revenue

Go 'bout a quarter of the page down.

Estate, cigarette and hoarders' taxes

Rep. Betsy Ritter, a Waterford Democrat, not only has sponsored a "combined reporting" bill, but she has also proposed a hoarder's tax. This would place a levy on liquid assets -- companies with a lot of money in the bank -- and dedicate the proceeds to job creation programs.

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