Debt Star

Something cheerful, via ZeroHedge:

Mounting debt generates its own limit: insolvency. Demographics shaped by the transfer state compound the problem. Stealing the fruits of labor penalizes honest productivity and constricts opportunity. Faced with bleak prospects, many of the young opt out of the financial obligations of starting families, rearing children, or even supporting themselves. Birthrates have dropped far below replacement in most developed countries: fewer people to fund taxes and debt just as the number of putative beneficiaries skyrocket. Pension shortfalls around the world are the canary in this coal mine. The mathematics are inescapable. Present arrangements are unsustainable, but will continue until debt markets and taxpayers rebel.

They will face a counter-rebellion by dependency-warped recipients deprived of that which was never really theirs. Those who can but don’t honestly produce are both dishonest and unproductive. Faced with a cut-off, expect chaos and violence.

You have been warned.

LSP

Happy Mondays!

Here's a cheery thought to brighten up your day:

Via ZeroHedge -- The political class has completely disrupted the American structure of production, made American workers uncompetitive, snuffed the life out of entrepreneurs, and burdened the entire nation with a debt obligation the size of Jupiter. The US economy is not the strongest and most durable in the world — it is an unskilled thirty-two-year-old waiter crashing at his parent’s place and trying to pay down an $80,000 international relations degree.

That makes me want to go out and shoot pistols, but then again I don't need much tempting.

Gun Rights,

LSP 

Ride The Horse

It was a balmy 68* in the Texan winter, as I galloped up a hill on my friend's ranch, which made me wonder if I'd made the right decision in wearing a lined denim jacket. "It's kind of warm in this coat," I cleverly informed my equestrian friend, "but you know what, it protects against thorns." And so it did, they're a hazard.

A Typical Texan Road

We rested on top of the hill and looked out over the countryside to I35, some 10 or 12 miles in the distance, with the setting sun reflecting off trucks making their way north and south along the highway. There we were in the saddle, with the sunset behind us, and there was the traffic, speeding silently towards its destination; quite a divide.

This led to a horseback discussion on the state of the country. Would there be another civil war, my friend pondered, and if so, how would it come about? Through the centrifugal forces unleashed by financial collapse, when the Debt Star decides to collect payment? Through what seems to be increasing, nationwide polarization? One thing's for sure, after 8 years of Gun Control Barack, everyone's armed to the teeth.

Several trot, canter, gallops later we were back at the barn and giving the horses some hay. They attacked it with gusto.

I love riding. Thanks, RP, for the opportunity.

Stay on the horse,

LSP

Audit the Fed

Andrew Jackson had this to say to the Bank of the United States in 1834:

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, I will rout you out.

The Fed, which creates our money and loans it to the government at interest, ponder that, doesn't want to be audited. Well that's really weird.

You might want to read this, at ZeroHedge.

LSP