WSJ: "Prepare for an apocalyptic anarchy ending Wall Street's toxic capitalism"

Typically an article like this would be found in some sort of "fringe" website, but when it's in the WSJ i pay extra close attention. Feb 11th seems to be a big day not only because of Iran's announcement but also because Greece's fate will be decided that day as well. It will be interesting to see what develops, although everyone from the WSJ to George Ure seem to think it won't be pretty.

www.marketwatch.com...

It's looking like Friday is gonna be when we find out if the market poops this week. German insiders are saying they can't save Greece according to the boys and girls at Zero Hedge.

www.zerohedge.com...

Pretty hard hitting article. Here are some quotes:

Can your family survive in the anarchy after the debt bomb explodes?

America's already descending into economic anarchy. We're all trapped in a historic economic supercycle, a turning point that must bleed through a no-man's land of lawless self-destructive anarchy before a neo-capitalistic world can re-emerge. Investors tell me they "feel" it at a deep level, "know" it's happening. They keep asking: "What's the best investment strategy to prepare now?"

This is no joke, folks. Are you prepared? Or preparing? Will your family survive in a post-apocalyptic world, when anarchy is rampant in America? Look at Washington, Wall Street and Corporate America today. You know it's already begun.

You are witnessing a fundamental breakdown of the American dream, a systemic breakdown of our democracy and our capitalism, a breakdown driven by the blind insatiable greed of Wall Street: Dysfunctional government, insane markets, economy on the brink. Multiply that many times over and see a world in total disarray. Ignore it now, tomorrow will be too late.

How Wall Street insiders will treat Main Street in 'The Anarchy'

And when the barbarians do come, firing "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage." Imagine a scene like Port-au-Prince after the quake. Biggs is no radical anarchist, he's an establishment Insider, a great guy. We both arrived at Morgan Stanley about the same time. Biggs remained 30 years, was Morgan's chief global strategist. Ten times Institutional Investor magazine put him on Wall Street's "All-America Research Team."
...

The truth is Insiders in the "Happy Conspiracy" elite will follow Biggs' ultra-simple investment strategy: Make massive amounts of money fast using short-term strategies, spout lip service about the "public good." But always act in your own self-interests first, preparing for when anarchy spreads worldwide in an economic pandemic.

How can America's 299 million 'second-class citizens' invest for anarchy?

So what can the average Joe and Jane, the other 299 million Americans do? Warning: In anarchy, nobody knows. Period. The only possible strategy: "Think Swiss Family Robinson." Stockpile like a "Happy Conspiracy Insider."

Many still challenge us about proven strategies like buy and hold, Modern Portfolio Theory, Lazy Portfolios. Unfortunately, they all need a real democracy driven by honest, transparent capitalism to function effectively. They can't function in anarchy.

And Wall Street's already lapsed into a toxic pseudo-capitalism, using it to manipulate Main Street America. Eventually that mindset will force Main Street Americans to misuse the same dark "Swiss Family Robinson" tactics as the Insiders in order to survive the coming anarchy....

Originally posted by antonia

It's looking like Friday is gonna be when we find out if the market poops this week. German insiders are saying they can't save Greece according to the boys and girls at Zero Hedge.

If that's the case, and Greece is on their own, the markets will absolutely tank. I'm also guessing Iran's Feb 11th announcement isn't that they made a breakthrough in stuffed crust pizza technology either. Probably something not nearly as good for the world.
The Israeli warships that were seen in the Suez canal should be there by early tomorrow i heard.

You just KNOW this guy has been on ATS. It's like he's reading our mail. My solution for all us 'Unhappy Outsiders' is to file a massive class-action lawsuit against the banks, SEC, banking industry and federal gov't. Think of how many plaintiffs you could line-up for that one.

Oh, and after we win, we eat our lawyers.

reply to post by Mr Poopra


The US economy is based largely on oil, and for Iran to do something in this area is a logical to me.

Could it be the supposed 'free energy' technology China is reported to be working to mass produce? Being 'allies' of Iran, it may be.

Or some other move that will cause the energy (oil) makets to come crashing down.

Maybe flood the market with $5.00 or $10.00 barrels...millions of them?
That would certainly ruffle a few feathers in the US markets.

reply to post by jtma508


whoa yes, eat our lawyers, i like that. after all they play thier own lil' role in all this mess now dont they...

holy macoroni, so he germans are saying we cant do it and the wsj is saying get ready for the boom boom.. ugh. we'll see...

What would happen if Iran planned ahead and then just turned the oil switch to off for a month or two? Last time we had a sharp rise in gas prices our economy went into a deep recession that got us where we are now!

reply to post by liveandletlive


Nah. It isn't gas prices that put us in the recession. The only recent recession that can be linked to oil was the '70s recession. That was largely caused by the OPEC embargo. Then the Fed, reacting to inflation worries, spiked interest rates that resulted in the second dip of the proverbial 'double-dip' recession 5yrs later.

Man, after so much talk and wonder, i'm almost ready for it all to come crashing down...just so it can be done with.

Originally posted by jtma508
reply to post by liveandletlive

 

Nah. It isn't gas prices that put us in the recession. The only recent recession that can be linked to oil was the '70s recession. That was largely caused by the OPEC embargo. Then the Fed, reacting to inflation worries, spiked interest rates that resulted in the second dip of the proverbial 'double-dip' recession 5yrs later.

Yes, but if the U.S. is a consumer based society and your gas tank takes what’s left of the money from your pay check, then you wouldn’t have anything left to consume with. No consumption, no economy.

Wow... Viral for sure.

Quote:

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.

I don't like the usage of the words 'seismic...shock'... just a bit creepy with all the speculation about U.S. earthquake weapons..

Think maybe NOW people will start to revolutionize? when WSJ says so?

Scary stuff from WSJ. I don't like the WSJ, but economically speaking, it is a top rung journalistic outlet, and most amateur investors take everything from that paper as gospel!

There are a lot of developments lately, and while I think we really dodged a bullet over the winter, this late snow storm and cold snap, and news from Iran and Greece could surely change things!

Originally posted by jtma508
My solution for all us 'Unhappy Outsiders' is to file a massive class-action lawsuit against the banks, SEC, banking industry and federal gov't. Think of how many plaintiffs you could line-up for that one.

WHat morality is there in trying to prosecute some who are innocent?

Consider, I had a friend at University who now heads up a bank in Bulgaria. He was an expert in CDS and other derivative products. Once he was appointed the board asked him to get involved in these derivative products. Instead, he introduced accounts for small peasants and was one of the first banks to introduce Interact Cards in Bulgaria. He also introduced longer banking hours for the convenience of shoppersa and people with businesses running until late. He won award in the country for providing much better services to customers.

So, what happened next?

You would have thought that as he kep his bank well away fromt he deviatives market that his bank would be OK? Right? Sadly no, as he has been hammered by the "bailout".

After all his competitors lost buckets of money, the Government pumped tons of taxpayers money into them and allowed them to merge creating pseudo-monopolies. As a result, his tax bill has soared, red tape from Obama-type control garbage is a ton weight on his administration and its associated costs and his competitors are now vast corporate monoliths, happy to loose tons of money providing banking services at less than cost to try to force his, small and caring bank out of business.

In short, the bailouts have ensured the survival of the unfittest.

[edit on 10-2-2010 by aristocrat2]

Originally posted by liveandletlive
What would happen if Iran planned ahead and then just turned the oil switch to off for a month or two?

Iran would be up SH1T creek without a paddle. Their biggest customer by far is China. Unless there is good reason, such as a war actually starting in the Middle East, then it would just annoy the Chinese who could well retalliate by abstaining in Security Council votes against Iran.

Originally posted by jtma508
reply to post by liveandletlive

 

Nah. It isn't gas prices that put us in the recession. The only recent recession that can be linked to oil was the '70s recession. That was largely caused by the OPEC embargo. Then the Fed, reacting to inflation worries, spiked interest rates that resulted in the second dip of the proverbial 'double-dip' recession 5yrs later.

Really? Because when the gas prices started rising thats when my own personal recession began, which was followed a few months later by Wall street. Most of my extra $ went to the oil companies and not into other places in the economy.

Originally posted by Helmkat

Really? Because when the gas prices started rising thats when my own personal recession began, which was followed a few months later by Wall street. Most of my extra $ went to the oil companies and not into other places in the economy.

Now imagine a war in the ME , a gallon of gas at 12 , 15 bucks.

Cooler heads need to prevail, or the US economy will be swirling the bowel.

[edit on 10-2-2010 by Sean48]

Originally posted by beebs


Quote:

Yes there is an alternative. Out of the ashes of anarchy must come a Second American Revolution. .

This is a foul misleading of the people.

In 1641, Pym and his people overthrew the King of England.
- What did they want? A Parliamentary Government.
- What did they get? Two civil wars lasting 10 years, an extreme fundamentalist dictatorship and finally, the King's son back on the throne again.

In 1789, Danton and his people overthrew the King Of France.
- What did they want? A Republic based on equality, fraternity and civil rights.
- What dd they get? 12% of France sent to the guillotine and later Napoleon as an absolute monarch.

In 1917, Kerenssky and his people overthrew the Tsar.
- What did they want? A new Russia, just like America, but better.
- What did they get? A Communist coup-d'etat by Lenin.

In 1918, Frederich Ebert and his people overhhrew the Kaiser of Germany.
- What did they want? A new peaceful Germany, based on the US Constitution and on socialism.
- What did they get? Humiliation by the allies, a banana republic constantly fighting off revolution, street battles and finally Hitler, another world war and the gas chambers of Auschwitz.

In 1973, Mohammed Daoud Khan overthrew the King of Afghanistan.
- What did they want? A fast track GDP growth to move the country out of poverty.
- What did they get? A communist takeover, an Islamicist extremist takeover, 37 years of war, mass cancer from depleted uranium and a place as one of the world's poorest, most bombed and most corrupt countries in the world.

In 1979, Bakhtiar and his people overthrew the Shah of Iran.
- What did they want? A Western style democracy.
- What did they get? Ayotollah Khomeni and a Islamicist Extremist Government.

Once a ruler/ruling elite is overthrown a revolution can go ABSOLUTELY ANYWHERE.

Dreams of a new American Revolution would be shattered and gone within a week of the outbreak of fighting.

Originally posted by Sean48

Now imagine a war in the ME , a gallon of gas at 12 , 15 bucks.

This is way TOO OPTIMISTIC.

The fact is that the world is facing a nightmare crusher on oil on several fronts:-

1. War in Iran.
2. War in Iraq.
3. Gordy Brown leading the UK into bankruptcy, declaring martial law and ending up with civil war - Remember, UK is a major oil producer.

With UK oil switch off AS WELL, one would be looking at well above 15 per gallon on the black market and dysfunctional rationing that results in oil only for the military in the US.

reply to post by jtma508


I like the way you think jtma, I wonder what you put on a lawyer sandwich to hide the s**t tast?????
Second line