ABNORMALCY BIAS

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Posted on 23rd April 2013 by Administrator in Economy |Politics |Social Issues

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“The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” Aldous Huxley – Brave New World Revisited

 they-live-billboards-messages-john-carpenter

The political class set in motion the eventual obliteration of our economic system with the creation of the Federal Reserve in 1913. Placing the fate of the American people in the hands of a powerful cabal of unaccountable greedy wealthy elitist bankers was destined to lead to poverty for the many, riches for the connected crony capitalists, debasement of the currency, endless war, and ultimately the decline and fall of an empire. Ernest Hemingway’s quote from The Sun Also Rises captures the path of our country perfectly:

“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”

The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. The psychotic central bankers, “bought and sold” political class, mega-corporation soulless chief executives and corporate controlled media use propaganda techniques, paid “experts”, talking head “personalities”, captured think tanks, and the willful ignorance of the majority to spin an increasingly dire economic descent as if we are recovering and getting back to normal. Nothing could be further from the truth.

There is nothing normal about what Ben Bernanke and the Federal government have done over the last five years and continue to do today. Truthfully, nothing has been normal since the mid-1990s when Alan Greenspan spoke the last truthful words of his lifetime:

“Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?”

The Greenspan led Federal Reserve created two epic bubbles in the space of six years which burst and have done irreparable harm to the net worth of the middle class. Rather than learn the lesson of how much damage to the lives of average Americans has been caused by creating cheap easy money out of thin air, our Ivy League self-proclaimed expert on the Great Depression, Ben Bernanke, has ramped up the cheap easy money machine to hyper-speed. There is nothing normal about the path this man has chosen. His strategy has revealed the true nature of the Federal Reserve and their purpose – to protect and enrich the financial elites that manipulate this country for their own purposes.

Despite the mistruths spoken by Bernanke and his cadre of banker coconspirators, he can never reverse what he has done. The country will not return to normalcy in our lifetimes. Bernanke is conducting a mad experiment and we are the rats in his maze. His only hope is to retire before it blows up in his face. Just as Greenspan inflated the housing bubble and exited stage left, Bernanke is inflating a debt bubble, stock bubble, bond bubble and attempting to re-inflate the housing bubble just in time for another Ivy League Keynesian academic, Janet Yellen, to step into the banker’s box. This genius thinks Bernanke has been too tight with monetary policy. It seems inflated egos are common among Ivy League economist central bankers who think they can pull levers and push buttons to control the economy. Results may vary.

The gradual slide towards our national bankruptcy of wealth, spirit, freedom, self-respect, morality, personal responsibility, and common sense began in 1913 with the secretive creation of the Federal Reserve and the imposition of a personal income tax. Pandora’s Box was opened in this fateful year and the horrors of currency debasement and ever increasing taxation were thrust upon the American people by a small but powerful cadre of unscrupulous financial elite and the corrupt politicians that do their bidding in Washington D.C. The powerful men who thrust these evils upon our country set in motion a chain of events and actions that will undoubtedly result in the fall of the great American Empire, just as previous empires have fallen due to the corruption of its leaders and depravity of its people. Creating a private central bank, controlled by the Wall Street cabal, and allowing the government to syphon the earnings of workers through increased taxation has allowed politicians the ability to spend, borrow, and print money at an ever increasing rate in order to get themselves re-elected and benefit the cronies, hucksters and bankers that pay the biggest bribes. None of this benefit the average American, who sees their purchasing power systematically inflated and taxed away. This is not capitalism and it is not a coincidence that war and inflation have been the hallmarks of the last century.

“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It is no coincidence that the century of total war coincided with the century of central banking.” Ron Paul

 

As you can see, the bankruptcy of our country and our culture began gradually, accelerated after Nixon closed the gold window in 1971, really picked up steam in 1980 when the debt happy Baby Boom generation came of age, and has “suddenly” reached maximum velocity as we approach the true fiscal cliff. There were many checkpoints along the way where fatefully bad choices were made. They include the New Deal, Cold War, Great Society, Morning in America, Dotcom New Paradigm, Housing Wealth Retirement Plan, Obamacare, and present belief that creating more debt will solve a problem created by too much debt. The Federal Reserve allowed interventionist politicians to fight two declared wars (World War I, World War II), fight five undeclared wars (Korea, Vietnam, Gulf, Afghanistan, Iraq), conduct hundreds of military engagements around the globe, occupy foreign countries, begin a war on poverty that increased poverty, begin a war on drugs that increased the amount of available drugs, and finally start a war on terror that has increased the number of terrorists and pushed us closer to national bankruptcy. The terrorists have already won, as the explosion of stupidity and irrational fear has allowed those in power to acquire more power and dominion over our lives.

Abnormality Reigns

“We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.” - John Kenneth Galbraith

When I critically scrutinize the economic, political, financial, and social landscape at this point in history, I come to the inescapable conclusion that our country and world are headed into the abyss. This is most certainly a minority viewpoint. The majority of people in this country are oblivious to the disaster that will arrive over the next decade. Some would attribute this willful ignorance to the normalcy bias that infects the psyches of millions of ostrich like iGadget distracted, Facebook addicted, government educated, financially illiterate, mass media manipulated zombies. Normalcy bias refers to a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to inform the populace about the impending disaster. The assumption that is made in the case of the normalcy bias is that since a disaster hasn’t occurred yet, then it will never occur. It also results in the inability of people to cope with the disaster once it occurs. People tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.

The unsustainability of our economic system built upon assumptions of exponential growth, ever expanding debt, increasing consumer spending, unlimited supplies of cheap easy to access oil, impossible to honor entitlement promises, and a dash of mass delusion should be apparent to even the dullest of government public school educated drones inhabiting this country. I don’t attribute this willful ignorance to normalcy bias. I attribute it to abnormalcy bias. In a profoundly abnormal society, adjusting your thinking to fit in appears normal, but is just a symptom of the disease that has infected our culture. There is nothing normal about anything in our society today. If you were magically transported back to 1996 and described to someone the economic, political, financial and social landscape in 2013, they would have you committed to a mental institution and given shock therapy.

Even though we’ve been in a 100 year spiral downwards, things still appeared relatively normal in 1996 when Greenspan uttered his “Irrational Exuberance” faux pas that so upset his Wall Street puppet masters. The ruling class had not yet repealed Glass-Steagall (pre-requisite for pillaging the muppets), created the internet bubble, fashioned the greatest control fraud in world history (housing bubble unrecognized by Ben Bernanke), or taken advantage of mass hysteria over 9/11 to begin the never ending war on terror and expansion of the Orwellian state. The citizens, and I use that term loosely, of this country have allowed those in control of the government and media to convince them the situation confronting us is just a normal cyclical variation that will be alleviated by tweaking existing economic policies and trusting that Ben Bernanke will pull the right monetary levers to get us back on course. The stress inflicted on their brains in the last thirteen years of bubbles and wars has made the average person incapable of distinguishing between normality and abnormality. What they need is slap upside of their head. Is there anything normal about these facts?

  • The Federal Reserve’s balance sheet in 1996 consisted of $422 billion, of which 91% were Treasury securities. Today it consists of $3.25 trillion, of which only 56% are Treasury securities, and the rest is toxic home mortgages, toxic commercial mortgages, and whatever other crap the Wall Street banks have dumped on their books. Their balance sheet is leveraged 57 to 1 and Bernanke has promised his Wall Street bosses he will add another $750 billion before the year is out. Is there anything normal about a central bank adding twice as much debt to its balance sheet in less than twelve months than existed on its entire balance sheet in 1996?
  • The National Debt at the end of fiscal 1996 was $5.25 trillion. It increased by $250 billion that year. The GDP of the country was $7.8 trillion. Our national debt as a percentage of GDP was only 67% and our annual deficit was only 3% of GDP. At the time, the country was worried about these outrageous levels of debt. Today the National Debt stands at a towering $16.8 trillion. It has increased by a staggering $1.12 trillion in the last twelve months. The GDP of the country today is $15.7 trillion. Our national debt as a percentage GDP has soared to 107%. Our annual deficits now exceed 7% of GDP on a consistent basis. Our budgets are on automatic pilot, with the $20 trillion level to be breached by 2016. Is it a normal state of affairs when the GDP of your country rises by 100% over seventeen years, while your debt rises by 320%?

 

  •  Total government spending (Federal, State, Local) in 1996 totaled $2.7 trillion, or 35% of GDP. Today total government spending is $6.3 trillion, or 40% of GDP. In 1979, before the belief in government became a religion, total government spending was only 31.5% of GDP (27% in 1965). Are you receiving twice the service from government than you received in 1996? Are you safer from terrorists due to the massive expansion of the police state? Are your kids getting a much better education than they did in 1996? Have the undeclared wars benefitted you in any way, other than tripling the price of gas? Are the higher wage taxes, real estate taxes, school taxes, sewer fees, utility fees, phone fees, gasoline taxes, permit fees, and myriad of other government charges worth it? Is it normal for government to account for almost half of our economy?

 

  • In 1996 personal consumption expenditures accounted for 67% of GDP, while private domestic investment accounted for 16% of GDP and we ran small trade deficits of 1% of GDP. Today, consumer spending accounts for 71% of GDP (despite the storyline about consumer retrenchment), while domestic investment has contracted to 13% of GDP and our trade deficits have surged to almost 4% of GDP. The Federal government has expanded their piece of the GDP pie by 130% since 1996, with the Department of War accounting for the bulk of the increase. Saving and capital investment is now penalized in this country. Is it normal for a country to borrow, consume and bleed itself to death?
  • Consumer credit outstanding totaled $1.2 trillion in 1996, or $4,500 per every man, woman and child in the country. Today, the austere balance is now $2.8 trillion, or $8,800 per every man, woman and child inhabiting our debt saturated paradise. The more than doubling of consumer debt would be acceptable if wages were rising at a similar rate. But that hasn’t been the case, as wages have only advanced from $3.6 trillion in 1996 to $7.0 trillion today. With even the massively understated CPI showing 50% inflation since 1996 and 23% more Americans in the working age population (45 million), real wages have advanced by 30%. Using a true measure of inflation, real wages have fallen. Total credit market debt in 1996 was $19 trillion, or 243% of GDP. Today total credit market debt sits at an all-time high of $56.2 trillion, or 358% of GDP. Is it normal for credit market debt to increase at three times the rate of GDP?

  total debt market owed

  • In 1996, personal income totaled $6.6 trillion, with wages accounting for 55% of the total, interest income on savings accounting for 12% and government entitlement transfers accounting for 14%. Today personal income totals $13.6 trillion, with wages accounting for 51% of the total, interest income on savings plunging to 7% due to Bernanke’s “Screw a Senior Zero Interest Policy”, and Big Brother entitlement transfers skyrocketing to 18%. In what Orwellian dystopian society is taking money from wage earners and redistributing it to non-wage earners considered personal income? Is it normal for a government to punish savers and makers in order to benefit the borrowers and takers?
  • Prior to the financial collapse and during the mid-1990s prudent risk-averse savers could get a 4% to 5% return on money market accounts. Since the Wall Street created worldwide financial collapse, Ben Bernanke, at the behest of these very same Wall Street banks, has reduced short term interest rates to 0%. The result has been to transfer $400 billion per year from the pockets of savers and senior citizens into the grubby hands of bankers that have destroyed our economy. The prudent are left earning .02% on their savings, while the profligate bankers can borrow for 0% and earn billions by re-depositing those funds at the Federal Reserve. In what bizarro world this be a normal state of affairs?

 

  • Total mortgage debt outstanding in 1996, before the epic Wall Street produced housing bubble, was $4.7 billion. Today, even after the transfer of almost $1 trillion of bad debt to the balance sheet of the American taxpayer, the amount of mortgage debt is an astounding $13.1 trillion. Despite home values rising since 1996, there are 20% of all households still in a negative equity position. Total household real estate equity was 60% in 1996, plunged below 40% in 2009, and has only slightly rebounded to 47% today because Wall Street dumped the bad mortgages on the backs of the American taxpayer. Is it normal for mortgage debt to triple and home equity to plunge in a rationally functioning world? Is it normal when 25% of all existing home sales are distressed sales and another 30% are sales to Wall Street hedge funds like Blackrock?

 

  • In 1996 there were 200 million working age Americans, with 134 million (67%) in the labor force, 127 million (63.5%) employed, and 66 million (33%) not in the labor force. Today there are 245 million working age Americans, with 155 million (63%) in the labor force, 143 million (58%) employed, and 90 million (37%) supposedly not in the labor force. The number of working age Americans has increased by 22.5%, while the number of those employed has advanced by only 12.5%. The population to employment ratio has reached a three decade low as millions have given up, been lured into college by cheap plentiful government debt, or developed a mysterious ailment that has gotten them into the SSDI program. Is it normal for millions of Americans to leave the labor force when the economy is supposedly recovering?

 

  • In 1996 there were 25.5 million Americans on food stamps, or 9.6% of the population, costing $24 billion per year. Today there are 47.8 million Americans on food stamps, or 15% of the population, costing $75 billion per year. Historically, the number of people in this program would rise during recessions and recede when the economy recovered, just as a safety net program should function. According to our government keepers the economy has been in recovery since late 2009. The number of people entering the food stamp program has gone up by 7 million since the recession officially ended. This is not normal. Either the government is lying about the recession or they are screwing the taxpayer by encouraging constituents to enter the program in an effort to gain votes. Which is it?

 

  • The price of oil averaged $20 per barrel in 1996 and it cost you $1.20 per gallon to fill your tank. Oil averaged $85 per barrel in 2012 and currently hovers around $90 per barrel. Most Americans are now paying between $3.50 and $4.00 per gallon to fill their tanks. This result seems abnormal considering the propaganda machine is proclaiming we are on the verge of energy independence. After two Middle East wars, 6,700 dead American soldiers, 50,000 wounded American soldiers, and $1.5 trillion of national wealth wasted, this is all we get – a tripling in gas prices and creation of thousands of new terrorists?

You have to have a really bad case of normalcy bias to be able to convince yourself that everything that has happened since 1996 is normal. Every fact supports the reality that we’ve entered a period of extreme abnormality and our response as a nation thus far has insured that a disaster of even far greater magnitude is just over the horizon. Anyone with an ounce of common sense realizes the social mood is deteriorating rapidly. We are in the midst of a Crisis period that will result in earth shattering change, but the masses want things to go back to normal and don’t want to face the facts. The cognitive dissonance created by reality versus their wishes will resolve itself when the next financial collapse makes 2008 look like a walk in the park. But, until then most will just stick their heads in the sand and hope for the best.

Loving Your Servitude

“Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.”Ron Paul

The most disgraceful example of abnormality that has infected our culture has been the cowardice and docile acquiescence of the citizenry in allowing an ever expanding police state to shred the U.S. Constitution, strip us of our freedoms, and restrict our liberties. Our keepers have not let any crisis go to waste in the last seventeen years. They have also taken advantage of the willful ignorance, childish immaturity, extreme gullibility, historical cluelessness, financial illiteracy and techno-narcissism of the populace to reverse practical legislation and prey upon irrational fears to strip the people of their constitutionally guaranteed liberties and freedoms. If you had told someone in 1996 the security measures, laws, and police agencies that would exist in 2013, they would have laughed you out of the room. Every crisis, whether government created or just convenient to their agenda, has been utilized by the oligarchs to expand the police state and benefit the crony capitalists that profit from its expansion. The character of the American people has been found wanting as they obediently cower and beg for protection from unseen evil doers. The propagandist corporate media reinforces their fears and instructs them to submissively tremble and implore the government to do more. The cosmic obliviousness and limitless sense of complacency of the general population with regards to a blatantly obvious coup by a small cadre of sociopathic financial elite and their army of bureaucrats, lackeys and jackboots is a wonder to behold.

The 1929 stock market crash and ensuing Great Depression was primarily the result of excessively loose Federal Reserve monetary policy during the Roaring 20’s and the unrestrained fraud perpetrated by the Wall Street banks. The 1933 Glass-Steagall Act was a practical 38 page law which kept Wall Street from ravenously raping its customers and the American people for almost seven decades. The Wall Street elite and their bought off political hacks in both parties repealed this law in 1999, while simultaneously squashing any effort to regulate the financial derivatives market. The day trading American public didn’t even look up from their computer screens. Over the next nine years Wall Street went on a fraudulent feeding frenzy rampage which brought the country to its knees and then held the American taxpayer at gunpoint to bail them out. The Federal Reserve arranged rescue of LTCM in 1998 gave the all clear to Wall Street that any risk was acceptable, since the Fed would always bail them out. Just as they did in the 1920’s, the Federal Reserve set the table for financial disaster with excessively low interest rates and non-existent regulatory oversight.

The downward spiral of our empire towards an Orwellian/Huxley merged dystopian nightmare accelerated after the 9/11 attacks. Within one month those looking to exert hegemony over all domestic malcontents had passed the 366 page, 58,000 words Patriot Act. Did the terrified masses ask how such a comprehensive destruction of our liberties could be written in under one month? It is apparent to anyone with critical thinking skills that the enemy within had this bill written, waiting for the ideal opportunity to implement this unprecedented expansion of federal police power. Electronic surveillance of our emails, phone calls and voice mails, along with warrantless wiretaps, and general loss of civil liberties was passed without question under the guise of protecting us. Next was the invasion of a foreign country based upon lies, propaganda and misinformation without a declaration of war, as required by the Constitution. Our government began torturing suspects in secret foreign prisons. The shallow, self-centered, narcissistic, Facebook fanatic populace has barely looked up from texting on their iPhones to notice that we have been at war in the Middle East for eleven years, because it hasn’t interfered with their weekly viewing of Honey Boo Boo, Dancing With the Stars, or Jersey Shore. They occasionally leave their homes to wave a flag and chant “USA, USA, USA”, as directed by the media, when a terrorist like Bin Laden or Boston bomber is offed by our security services, but for the most part they can live their superficial vacuous lives of triviality unscathed by war.

The creation of the Orwellian Department of Homeland Security ushered in a further encroachment of our everyday freedoms. They attempted to keep the masses frightened through a ridiculous color coded fear index. Little old ladies, people in wheelchairs and little children are subject to molestation by lowlife TSA perverts. Military units conduct “training exercises” in cities across the country to desensitize the sheep-like masses, who fail to acknowledge that the U.S. military cannot constitutionally be used domestically. DHS considers military veterans, Ron Paul supporters, and Christians as potential enemies of the state. The use of predator drones to murder suspected adversaries in foreign countries, while killing innocent men, women and children (also known as collateral damage), has just been a prelude to the domestic surveillance and eventually extermination of dissidents and nonconformists here in the U.S. We are already becoming a 1984 CCTV controlled nation. DHS has been rapidly militarizing local police forces in cities and towns to supplement their jackbooted thugs. Obama’s executive orders have given him the ability to take control of industry. He can imprison citizens without charges for as long as he deems necessary. Attempts to control gun ownership and shutdown the internet is a prologue to further government domination and supremacy over our lives when the wheels come off this unsustainable bus.

The last week has provided a multitude of revelations about our government and the people of this country. The billions “invested” in our police state, along with warnings from a foreign government, and suspicious travel patterns were not enough for our beloved protectors to stop the Boston Marathon bombing. After stumbling upon these amateur terrorists by accident, the 2nd responders, with their Iraq war level firepower, managed to slaughter one of the perpetrators, but somehow allowed a wounded teenager to escape on foot and elude 10,000 donut eaters for almost 24 hours. The horde of heavily armed, testosterone fueled thugs proceeded to bully and intimidate the citizens of Watertown by illegal searches of homes and treating innocent people like criminals. The government completely shut down the 10th largest metropolitan area in the country for an entire day looking for a wounded 19 year old. The people of Boston obeyed their zoo keepers and obediently cowered in their cages.

The entire episode was an epic fail. The gang that couldn’t shoot straight needed an old man to find the bomber in his backyard boat. The people of Boston exhibited the passivity and subservience demanded by their government. Since the capture of the remaining terrorist, the shallow exhibitions of national pride at athletic events and smarmy displays of honoring the police state apparatchiks who screwed up – allowing the attack to occur and looking like the keystone cops during the pursuit of the suspects, has revealed a fatal defect in our civil character. We are living in a profoundly abnormal society, with millions of medicated mindless zombies controlled by a vast propaganda machine, who seemingly enjoy having their liberties taken away. Most have willingly learned to love their servitude. For those who haven’t learned, the boot of our vast security state will just stomp on their face forever. We’re realizing the worst dystopian nightmares of Orwell and Huxley simultaneously. This abnormalcy bias will dissipate over the next ten to fifteen years in torrent of financial collapse, war, bloodshed, and retribution. Sticking your head in the sand will not make reality go away. The existing social, political, and financial order will be swept away. What it is replaced by is up to us. Will this be the final chapter or new chapter in the history of this nation? The choice is ours.

“If you want a vision of the future, imagine a boot stamping on a human face – forever.
- George Orwell

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“There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution” -Aldous Huxley, 1961

 

 

 

94 Comments
  1. AKAnon says:

    Meltdown, baby! Stock up & hunker down-hell is coming to breakfast.

    21st April 2013 at 9:26 pm

  2. AWD says:

    Great chartapalooza. One of the most important economic numbers in the U.S., GDP is about to get messaged by the government drones to make debt to GDP look better. There is no end to the lies and manipulation the government will spin. You can’t believe anything the government says anymore, it’s all fabricated bullshit. Thanks for some honesty.

    FYI
    Gold in Asia: 1,416.50 +20.90 +1.50%

    US GDP Will Be Revised Higher By $500 Billion Following Addition Of “Intangibles” To Economy
    Submitted by Tyler Durden on 04/21/2013

    Those who have been following the US debt to GDP ratio now that the US officially does not have a debt ceiling indefinitely, may have had the occasional panic attack seeing how this country’s leverage ratio is rapidly approaching that of a Troika case study of a PIIG in complete failure. And at 107% debt/GDP no explanations are necessary. Luckily, the official gatekeepers of America’s economic growth (with decimal point precision), the Bureau of Economic Analysis have a plan on how to make the US economy, which is now growing at an abysmal 1.5% annualized pace, or about 5 times slower than US debt growing at 7.5% annually, catch up: magically make up a number out of thin air, and add it to the total. And it literally is out of thin air: according to the FT the addition will constitute of a one-time addition of intangibles, amounting to 3% of total US GDP, or more than the size of Belgium at $500 billion, to the US economy.

    21st April 2013 at 9:37 pm

  3. Stucky says:

    What would happen IF Obama, the MSM, bankers, etc., all told the truth? People would soon be begging for lies!

    By no means do I condone all this lying bullshit.

    But, methinks it is necessary to keep the charade going … for as long as possible. Until it can’t.

    ———-

    This is what people WANT.

    Tell me lies, tell me sweet little lies
    (Tell me lies, tell me, tell me lies)
    Oh, no, no you can’t disguise
    (You can’t disguise, no you can’t disguise)
    Tell me lies, tell me sweet little lies
    ————- Fleetwood Mac – Little Lies

    .
    PS; Thank you, Admin, for being a Truth Teller.

    23rd April 2013 at 9:58 am

  4. bluestem says:

    Very good article. I was listening to Bob Brinker the other day and to paraphrase him, “this is the new normal of low yielding interest, just get use to it.” I thought , really? He did not nag on the Fed teh Big banks or anybody, it was kind of like ” so sorry sucker” this is the way ” they ” want. BS I say, BS. John

    23rd April 2013 at 10:02 am

  5. Stucky says:

    The American economy is like a pressure cooker bomb.

    There’s all kinds of toxic shit in that pot, it hasn’t yet exploded so people think “oh, what a cute little pot!”, but it’s gaining pressure day by day,

    …. and this is the possible ignition device …

    timebomb.jpg

    23rd April 2013 at 10:24 am

  6. TeresaE says:

    Stucky says: “The American [s]economy[/s] society is like a pressure cooker bomb. Sticking your head in the sand will not make reality go away.

    23rd April 2013 at 10:27 am

  7. Eddie says:

    We few are now in the unenviable position of having learned the truth…but also of having discovered at the same time that not only does the truth not set us free, knowing it makes us pariahs in our own land.

    It’s lonely and frustrating trying to live in one dying culture while trying to invent another one…or just build a lifeboat.

    23rd April 2013 at 10:29 am

  8. Stucky says:

    This shot was recently taken by Tom Samuelson, 55, along the Lake Superior shoreline.

    It’s just begging for a “caption this” …… in terms of Admin’s article.

    article-2313377-1970E471000005DC-781_636x443.jpg

    23rd April 2013 at 10:41 am

  9. TJF says:

    I don’t agree that the rise in debt starting around 1980 had anything to do with a debt happy generation. It has everything to do with math. It had to happen if the system was to keep going. The rise in debt ween around that time is nothing more than a direct result of how exponential growth works. It wasn’t a choice of taking on more debt, it was a choice of the cabal to maintain the status quo. The system requires an exponentially growing money supply and that requires exponential growth in debt to create that money.

    Plot a graph of an exponential function that grows at 2 or 3 percent a year and over 100 years it looks remarkably like our debt curve.

    23rd April 2013 at 10:42 am

  10. ragman says:

    The picture ias from the movie “They Live”. It’s worth a look-see.

    23rd April 2013 at 10:52 am

  11. TeresaE says:

    dangit.

    Stucky says: The American economy is like a pressure cooker bomb.

    What that should represent if html was allowed, was me fixing your (intuitive) statement to fit my feelings.

    It isn’t just the economy, of which fewer and fewer have connection to anymore, it is our entire society.

    We are literally melting down with all the crazy factions, on all sides, from all fronts, solidifying their insanity through each other.

    Just how in the hell are thinking, seeing, reality accepting individuals supposed to survive while drowning in the world’s collective bullshit? All roads seem to lead to hell at this point.

    Anyway, great article Jim. It is abnormal to cheer death and jackboots and war and murder and corruption. Yet that is exactly what our fellow citizens will continue to do. Or maybe not.

    Maybe SEEING it as abnormal is the abnormal thing. Maybe all the ignorant, lazy, distracted ostriches are the truly “normal” ones and we are the freaks.

    After the past few weeks knee-deep in planning a benefit in a rural area, I can honestly say that I am the freak. So, so, so, few are aware of the millions of ways we are currently being destroyed, eroded, turned into serfs and slaves and mindless minions.

    Yep, I’m the freak. And so, apparently, are you and the STM. Fiat on friends. Fiat on.

    23rd April 2013 at 10:53 am

  12. MuckAbout says:

    @Admin: One of your best efforts! I’d recommend everyone read it before breakfast, thereby saving the expense of eating for the whole day!

    Our Florida Gov. Scott is contributing the zombie nation effort. Two years ago, the State legislature upgraded educational requirements to graduate high school to require advanced Algebra and some science like chemistry, physics, electronics and what not.

    Yesterday, the Gov. bowed to the teachers’ union and signed a new education bill that reversed everything back so you can now graduate high school in the State of Florida with NO MATH and NO SCIENCE required. Obviously the decline and fall of the American family and the extra efforts the bloody teachers had to make to pound math and science into the ignorant heads of the current younger generation was way too much effort.

    Fix the problem? Nah! Why bother. Just change the rules so we have more and more uneducated kids dumped into a world that (when it works!) values intelligence.

    I retired in the Fall of 1996. The article makes chilling comparisons that, back in 1996, I didn’t see coming (but who did?). To old too soon, to smart too late.

    MA

    23rd April 2013 at 10:58 am

  13. ABNORMALCY BIAS | Cuckoo's Nest says:

    [...] more here: http://www.theburningplatform.com/?p=52862 [...]

    23rd April 2013 at 11:00 am

  14. bluestem says:

    Did you notice none of those little boys has a shotgun? I guess they missed the “fire-side” chat Biden offered several weeks ago about arming oneself aginst intruders. John

    23rd April 2013 at 11:47 am

  15. Administrator says:

    I finally made it onto the Cuckoo’s Nest Conspiracy Blog. I can die a happy man.

    23rd April 2013 at 11:52 am

  16. TPC says:

    Good article. Read through it this morning, will go back and make sure I didn’t miss anything later today.

    23rd April 2013 at 11:59 am

  17. KaD says:

    On the topic of abnormalcy and bias: http://www.theatlantic.com/business/archive/2013/04/the-terrifying-reality-of-longterm-unemployment/274957/

    There are two labor markets nowadays. There’s the market for people who have been out of work for less than six months, and the market for people who have been out of work longer. The former is working pretty normally, and the latter is horribly dysfunctional.

    The results are equal parts unsurprising and terrifying. Employers prefer applicants who haven’t been out of work for very long, applicants who have industry experience, and applicants who haven’t moved between jobs that much. But how long you’ve been out of work trumps those other factors. As you can see in the chart below from Ghayad’s paper, people with relevant experience (red) who had been out of work for six months or longer got called back less than people without relevant experience (blue) who’d been out of work shorter. Look at that again. As long as you’ve been out of work for less than six months, you can get called back even if you don’t have experience. But after you’ve been out of work for six months, it doesn’t matter what experience you have. Quite literally.In other words, more jobs-training probably won’t help the long-term unemployed all that much. The worst possible outcome for all of us is if the long-term unemployed become unemployable. That would permanently reduce our productive capacity.

    23rd April 2013 at 12:22 pm

  18. bb says:

    ..Watch ….the money masters ….on you tube ..It is 3.5 hours long but worth your time.The solution to the money problem is simple and you don’t need gold standard…..Sorry about asking MR. Z about jewish history I forgot what post I was reading.

    23rd April 2013 at 12:45 pm

  19. sensetti says:

    Admin at his best, excellent article.

    23rd April 2013 at 12:57 pm

  20. Richard says:

    Could you PLEASE stop using that ridiculous American invention: “normalcy’ and revert to the proper word: “normality”. Thank you.

    23rd April 2013 at 1:08 pm

  21. theCL Report: Big Brother Knows All says:

    [...] Abnormality Reigns [...]

    23rd April 2013 at 1:23 pm

  22. Mary Malone says:

    I know I’m biased – normal or not – but your original articles and essays are always so spot-on.

    TBP is like a personal journal that records the thoughts, emotions and musings as we watch the collapse.

    Gradually then suddenly.

    Thanks for giving us a place to gather – and so eloquently capturing the mood of the times. If I didn’t have TBP and my TP pals, I would surely go insane!

    23rd April 2013 at 1:31 pm

  23. Administrator says:

    “It is always a simple matter to drag people along whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. This is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in every country.”

    Hermann Goering

    23rd April 2013 at 2:17 pm

  24. Administrator says:

    “In America after 9/11, we made a deal with the devil, or with Dick Cheney, which is much the same thing. We agreed to give up most of our enumerated rights and civil liberties (except for the sacrosanct Second Amendment, of course) in exchange for a lot of hyper-patriotic tough talk, the promise of “security” and the freedom to go on sitting on our asses and consuming whatever the hell we wanted to.”

    Andrew O’Hehir

    23rd April 2013 at 2:18 pm

  25. TPC says:

    1264164.jpg

    23rd April 2013 at 2:27 pm

  26. AWD says:

    Senator Coburn, one of the only decent politicians in Washington (the guy that passed a law requiring Federal employees to pay their taxes, all 230,000 that weren’t paying) has written a book. Maybe just reading the title is sufficient.

    images?q=tbn:ANd9GcSMdOpyPGxrz4ce1uAhBX_dd7uqvKPgjNOJyTc4vvS-t7XVWBKd

    23rd April 2013 at 2:39 pm

  27. mark shields says:

    Great article Mr. Quinn. Right on!

    23rd April 2013 at 2:57 pm

  28. Burt Loomis says:

    Listen here mister, that thair Jim Quinn is THE MAN! Sincerely, Burt Loomis, Muleshoe, Texas

    23rd April 2013 at 3:25 pm

  29. Olga says:

    Very well written and prescient, thank you. I would send it out but I’m not sure my peeps read anything I send these days, it would require lifting their heads from the sand.

    OTOH – I’m also not sure what I would have done if ordered to “shelter in place” while the militarized police state takes an armed stroll down my street looking for a lone teenager with a gun.

    With the NDAA I’m pretty sure asking to see a warrant would get me droned or disappeared.

    23rd April 2013 at 3:44 pm

  30. AWD says:

    In what is becoming a normal occurrence, the precious stock market had another flash crash today, wiping out $136 billion. The hack of AP saying Obama had been bombed caused the computers and algos to dump everything, causing a short-lived crash. Even the stock market, which gets a share of Bernanke’s $40 billion in freshly printed money, is manipulated and controlled by computers. People people don’t seem to mind as long as it keeps going up. We are doomed.

    Fake Report Erasing $136 Billion Shows Market’s Fragility
    http://www.bloomberg.com/news/2013-04-23/fake-report-erasing-136-billion-shows-market-s-fragility.html

    23rd April 2013 at 3:53 pm

  31. Administrator says:

    original.jpg?w=800&h=480

    23rd April 2013 at 3:53 pm

  32. AWD says:

    It’s final, this article is the clincher…

    doomed_tshirt.jpg

    23rd April 2013 at 4:01 pm

  33. AE Fan says:

    Nicole Foss In Australia: It’s No Use Trying To Build A Better Dinosaur

    http://theautomaticearth.com/Finance/nicole-foss-in-australia-its-no-use-trying-to-build-a-better-dinosaur.html

    The World According to The Automatic Earth – A 2013 Primer Guide

    http://theautomaticearth.com/Finance/the-world-according-to-the-automatic-earth-a-2013-primer-guide.html

    23rd April 2013 at 4:17 pm

  34. MethodMan says:

    In Boston no less.

    23rd April 2013 at 4:56 pm

  35. Bob says:

    AWD, today’s latest flash mini-crash shows just how much control the computers have on the market — ready and able to screw things up at any time, and dependent on humans to sort ot the mess. Don’t forget that all the computerized programs running on Wall Street were designed by humans.

    We’re approaching the time when everyone who is conditioned to ‘buy the dip’ finds themselves looking down into a canyon. Imagine a flash crash without the recovery — ‘sorry folks, it wasn’t any sort of mistake!’

    23rd April 2013 at 5:50 pm

  36. Bostonbob says:

    Admin,
    Thank you, truly an outstanding article. This will go right to my kids. They may hate me for it, but they at least will know the truth when TSHTF.
    Bob.

    23rd April 2013 at 6:02 pm

  37. dc.sunsets says:

    Things will remain “normal” (if normal is TBP’s People of WalMart rendition, well-educated people getting tattooed and pierced, and Krugman writing that the Fed can monetize infinite debt enabling CONgress to put 100% of the populace on LINK, Medicaid and SSDI) as long as interest rates reflect a shared belief that this is Oz, and we have our wizard.

    The moment interest rates finally begin to signal that this antebellum period is over, the speed at which things collapse should be epic.

    Sadly, everyone who is early to the party runs several risks:
    1) being labeled a “crank” by family, friends and neighbors.
    2) voting with their pocket book and getting slaughtered by markets that have decoupled from physical reality and physical constants.

    In 1999 and Q1 of 2000 I watched the NASDAQ decouple from gravity, and each time it appeared ready to roll over I shorted it (via inverse index funds). By the time I finally capitulated in exhaustion, tech stocks finally rolled over and fell 80% in less than 2 years, and are still 40% below the 2000 peak (and even worse given compound debasement of the dollar in the ensuing 13 years).

    In a mass mania of historic proportion there are no charts, no signposts, no constants. All we know is that someday this will end badly…but not knowing when is all that matters. Our knowledge is simply not actionable (except to stay out of debt and try to prep in some meaningful, non-insane way).

    23rd April 2013 at 6:59 pm

  38. BUCKHED says:

    AWD said ” One of the most important economic numbers in the U.S., GDP is about to get messaged by the government drones to make debt to GDP look better.”

    Yep…but you can put Cool Whip on a turd and it’ll still be a turd …so will the “True” GDP .

    23rd April 2013 at 7:03 pm

  39. dc.sunsets says:

    Not so, BUCKHED. The way inflation is reported has been similarly massaged and now that’s almost all we ever hear.

    The Fed has been debasing the money supply directly by about 5% per year now for a couple years, yet magically the man on the street thinks inflation is below the Fed’s “target” of 2%.

    It’s a lie, one of the Big Lies, but our rulers employ armies of accountants, economists, lawyers and soothsayers to spin the Lies 24 hours a day.

    Winston Smith is everywhere, and we are saturated in the Ministry of Truth.

    23rd April 2013 at 7:22 pm

  40. BUCKHED says:

    dc…that’s what I was trying to say..it’s all a lie.

    Many pundits have tried to grasp when the “Big Tsunami” will crash across the shores of the 7 continents . So far their time tables have been off;mainly in my opinion to the continuing ability
    those in power to inject more rules,digital cash and MSM spin to as they say kick the can down the road. Eventually the can will have been damaged so badly that when the right person kicks it…it will explode.

    23rd April 2013 at 7:37 pm

  41. AWD says:

    Great little blub about what Admin is trying to say. 93% of the people in this country are going down the tubes so Bernanke can enrich the 7%.

    Worth Over $500,000? Then QE Has Worked For You; Everyone Else Better Luck Next Time
    Submitted by Tyler Durden on 04/23/2013

    Not supremely confident despite the stock market being at all-time highs? Unsure of the future and feeling poorer than in the past? You are not alone. In fact, you are among the 93% majority. As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%. As they explain, affluent households typically have their assets concentrated in stocks and other financial holdings, while less affluent households typically have their wealth more heavily concentrated in the value of their home.

    Due to these differences, wealth inequality increased during the first two years of the recovery. The upper 7% of households saw their aggregate share of the nation’s overall household wealth pie rise to 63% in 2011, up from 56% in 2009, with the mean wealth of affluent households now 24x the less affluent group (up from 18x in 2009). So the next time you see some talking-head on TV devoutly proclaiming his faith in the Fed’s QE policies, perhaps it’s worth considering in which cohort he and his clients sit.

    20130423_rich2.jpg

    23rd April 2013 at 8:06 pm

  42. Don Levit says:

    Thanks for posting the quote from “Brave New World Revisited.”
    It will be the next book I read at Barnes & Noble while sipping thier Grande Hazelnut coffee.

    One of the first commenters discussed the new GDP figure, which includes certain “intangibles” such as research and development.
    Why not inclide the intangible of goodwill?
    We have a long tradition of excellence – that is why everyone wants to buy our Treasury bonds.
    They know they are secure and will be paid back, for we can never go bankrupt.
    That goodwill intangible is worth at least 10% of our GDP!
    Don Levit

    23rd April 2013 at 8:35 pm

  43. dc.sunsets says:

    Buckhed, I apologize for missing your point. Needless to say, I concur with you.

    I follow a peculiar viewpoint that holds that TPTB do NOT control things, however. They can lead the horses to water, but they can’t make them drink.

    If the mass mind (social mood, mass psychology, pick your terminology) turns down, nothing TPTB can do will reanimate this zombie. I am fairly confident that all the power to do that has now been spent, and that when the corpse falls over this next time, it will stay face down.

    Throughout history there has always been a cadre of con artists trying to pull what our rulers have done. It only works on a populace inclined to choose the blue pill, and such conditions only come along to THIS degree perhaps once every 300 years (the last such iteration was the twin South Sea Bubble & John Law’s Mississippi Scheme).

    This social MANIA will end when it ends (damn, I hate tautologies even when they seem to apply) and most of us thought we would have reached that point long ago. Such is the staying power of mass minds, a particular kind of amoeba if there ever was one.

    When the top is past, all the king’s horses and all the king’s men will labor to no avail until the bottom is in. I still think that point will see the DOW trade below the lows of 1995 for sure, below the lows of 1987 probably, and very possibly below the lows of 1974.

    Prechter has shown that all manias are entirely retraced. This one will be no different, I’ll wager.

    23rd April 2013 at 8:57 pm

  44. Abnormalcy Bias | Forgetful Muse says:

    [...] Via: Burning Platform [...]

    23rd April 2013 at 9:29 pm

  45. Stephen says:

    Interesting and informative article. Here are some links to articles:

    http://graysinfo.blogspot.ca/2013/02/the-true-state-of-union.html

    http://graysinfo.blogspot.ca/2013/02/the-international-community-of-gangsters.html

    http://graysinfo.blogspot.ca/2013/02/who-are-we.html

    http://graysinfo.blogspot.ca/2013/01/the-gangsters-in-pin-striped-suits.html

    http://graysinfo.blogspot.ca/2013/04/does-secretive-trans-pacific.html

    23rd April 2013 at 10:51 pm

  46. samwell_1 says:

    great article summarizing the dire straits we are in and the disaster we are headed for in short order. You did however fail to mention who exactly these banksters such as Greedscam, Bernakike, and yellin are and what their goals are for the “average” american. These bankster scum are all rabid Talmudic Zionist Jews who believe they are superior in every sense of the word, and chosen by god over the goy(cattle), and that they believe it is their right and duty to defile and destroy the goy of the world. This is why psychopathic degenerates like Lloyd Blankfein can utter seemingly unbelievable pronouncements from on high like “we are doing god’s work”. But see, in their sick inbred minds, they are doing exactly that. this banster engineered crash and subsequent bailout is being done to enrich their racist ilk and carry out the wishes of their god, Satan. This is why Jews worship on Sat urday, because they worship a different god than Christians do. Jews worship Saturn (Satan), Christians worship “Sun” day (Jesus). This explains the dichotomy between Jewish beliefs and christians, and how Judeo-Christian is mutually exclusive. Jesus wasn’t even a jew. Until we wake up to these simple truths about our nefarious interlopers, they will continue to sheer the christian sheep until there are none left. Contrary to popular disinformation by the jews, Hitler’s final solution in Germany was not to exterminate all european (khazar) jews, but to get them out of germany and to an island off the coast of Africa named Madagascar. These low life insidious, traitors to humanity had done and were doing in Germany the exact same thing that they are doing to gentiles in this country. Wake up people from your slumber!!

    24th April 2013 at 12:01 am

  47. ILBB says:

    dc.sunsets says:

    “This social MANIA will end when it ends”

    it is what it is

    24th April 2013 at 12:03 am

  48. ILBB says:

    Richard says:

    Could you PLEASE stop using that ridiculous American invention: “normalcy’ and revert to the proper word: “normality”. Thank you.

    it’s ‘normal’, not normality which would be the opposite of abnormality or anomaly

    24th April 2013 at 12:13 am

  49. Abnormality Grows On Society Like An Insidious Cancer » Monty Pelerin's World says:

    [...] Quinn has written another good piece. This one deals with the abnormality that has become the US. This quote summarizes what we have [...]

    24th April 2013 at 1:29 am

  50. Tim says:

    Samwell: images?q=tbn:ANd9GcTY7uPcK8TfitJgu_gAbvQQD0ujovqRV532BIAbB7gUWLy2b5wtiw

    24th April 2013 at 2:25 am

  51. SteveQuayle.com – HotHeadLines! | infowars2post says:

    [...] ABNORMALCY BIAS  [...]

    24th April 2013 at 5:26 am

  52. Ag47 says:

    The window for getting ready is slowly closing. When you need it you can’t get it. Prepare now.

    24th April 2013 at 8:50 am

  53. TPC says:

    We should start a competition, see who can guess how far the market will contract next time it decides to do so.

    I’ll go first: 100% – Total collapse, and since we all can’t live without the stock market (Bernanke told me so) the destruction of the NYSE causes a mass die off as humans can’t cope with reality.

    Mantis Shrimp rise out of the oceans 5 million years from now and fight with the Octopus for control of the world’s resources. Cthulu always wins in the end.

    Actual picture of our (future) Mantis Shrimp Overlords:

    tumblr_m31xond1e91ru6kxco1_500.jpg

    24th April 2013 at 9:15 am

  54. Stucky says:

    One of our favorite type of pics we post here after a shit-fest is people getting kicked in the nuts. In you like that, you’ll like this video below — The Madoff Recovery Plan

    http://www.youtube.com/watch?feature=player_embedded&v=eA1eI35s9u8
    .
    .
    The folks that made that vid also made a video of the TSA’s new Penis Scanner. It’s pretty funny,

    24th April 2013 at 9:18 am

  55. s. petersen says:

    my mom lived through the depression and grimly insisted that it would happen again. everyone ignored her. but it did happen – 70 or 80 years later. so they were able to keep it together that long. i guess it will happen again but maybe not too soon. but you are right, most people are uninformed

    24th April 2013 at 9:45 am

  56. Mickey says:

    one comment–while there were claims of budget surpluses in the 90’s each year debt increased, consequently there is a disconnect between those claims of surplus and debt increases.

    24th April 2013 at 11:53 am

  57. Bob says:

    What dc sunsets said — again! More power to you, dc!

    24th April 2013 at 2:24 pm

  58. ILBB says:

    samwell_1 says:

    “This is why Jews worship on Sat urday, because they worship a different god than Christians do.”

    ironic that you use the name of the prophet samuel who anointed the first king chosen by the jewish god. that was king david whose line gave us jesus, the christian god. hmm.

    24th April 2013 at 3:21 pm

  59. ABNORMALCY BIAS | gold is money says:

    [...] READ MORE [...]

    24th April 2013 at 5:36 pm

  60. Guest Post: Abnormalcy Bias | peoples trust toronto says:

    [...] Submitted by Jim Quinn of The Burning Platform blog, [...]

    24th April 2013 at 6:38 pm

  61. Guest Post: Abnormalcy Bias | Financial Fall says:

    [...] Submitted by Jim Quinn of The Burning Platform blog, [...]

    24th April 2013 at 6:58 pm

  62. dick says:

    Great post but the masses never mind as long as they have food, tv, some consumer goods.

    24th April 2013 at 7:16 pm

  63. Guest Post: Abnormalcy Bias » A Taoistmonk's Life says:

    [...] Submitted by Jim Quinn of The Burning Platform blog, [...]

    24th April 2013 at 7:19 pm

  64. archie says:

    well, this is an excellent piece. even knowing myself as a cheapskate, i may even give the author some digital money for this effort. i can hardly believe he finds the time to write something as good as this. i take it that his free time is between 1 and 5 AM. it takes me a month to write a 40 page paper and i don’t have a real job, nor a real family (my plucky dog is my family). but maybe this has something to do with all the bourbon i have been drinking lately.

    anyway, albert camus wrote somewhere that thinking is learning to see all over again or something like that (or was that merleau-ponty?). this is a core tenet of the rather technical philosophical study of phenomenology. to put it in another way, you must constantly re-examine things as they are, as they present themselves, not taking things like context for granted. for instance, if you grew up in north korea you might find stripping the bark off a tree and eating it merely to stay alive as unremarkable, as the phenomenon doesn’t stand out against the background, in this case a starving population. but you know tree bark isn’t meant for humans to eat. it is against human experience and nature. likewise, we see ZIRP, QE, LTRO, paper money, not to mention trillion dollar deficits and banker extravagance (among many other things), as a given today. but to re-examine all these items, in their totality, isolated, is to recognize a staggering departure from history, experience and nature. frankly, in accordance with the author’s words, i think we do in fact live in an insane asylum called america.

    24th April 2013 at 7:39 pm

  65. Calamity3039 says:

    Admin and others,

    I was going to write an article and send in to burning platform. Instead I ended up writing it as a blog entry. Debate would be welcomed.

    http://timeofcalamity.wordpress.com/2013/04/24/martyrs-or-madmen/

    24th April 2013 at 7:39 pm

  66. Novista says:

    Calamity3039

    I read it. It would fit in here.

    24th April 2013 at 9:40 pm

  67. samwell_1 says:

    Maybe I failed to mention that I can suck a golf ball through a garden hose. I like to take it up the tailpipe, if anyone is interested in joining a poop-chute discipline group, poke me please.

    24th April 2013 at 9:41 pm

  68. OldPhart OutIn TheDesert says:

    That was an EPIC read! Thanks!

    24th April 2013 at 10:16 pm

  69. POV says:

    there is a malaise in america carter supposedly said.
    nonsense, said the gipper. and proceeded to impose voodoo economics upon the land.

    watch out when the disappearances begin.

    25th April 2013 at 12:49 am

  70. Abnormalcy Bias | Exploring the World says:

    [...] by Jim Quinn of The Burning Platform blog, [...]

    25th April 2013 at 1:14 am

  71. Daily Reading on the Financial Markets: 4/25/13 | Playing the Ponzi says:

    [...] Platform references one of my favorite books, “Brave New World”, as he discussing the abnormality that passes for normality in the modern [...]

    25th April 2013 at 1:28 am

  72. Kaboom says:

    Is it Groundhog Day on this blog – it keeps coming up as 23 April.

    Jim, great post, nonetheless!

    25th April 2013 at 1:45 am

  73. Guest Post: Abnormalcy Bias | The Usual Sources says:

    [...] Submitted by Jim Quinn of The Burning Platform blog, [...]

    25th April 2013 at 1:58 am

  74. SteveQuayle.com – Hot Headlines | infowars2post says:

    [...] ABNORMALCY BIAS  [...]

    25th April 2013 at 3:06 am

  75. Novista says:

    The title of this post reflects what I’m feeling today. Here in the land of oz, it’s Anzac Day. For me, it has another meaning than the patriotic bias all too evident in the MSM. On this day in 1997, my first wife died after a long battle with cancer.

    So each year, I remember that. And I watch the tributes to our fallen here and all the rest. Not that I denigrate those who gave their all. But you have to ask yourself, why celebrate an historical event that was a mistake and a diversion in any case? What purpose did it serve for the greater good? And I reflect on tangential factors: that the Parliament rushed in an income tax to pay for ‘our war’. Never mind that such a major decision was supposed to have gone to a referendum, or so I am told.

    In any case, in earlier times, Australia had a gold rush, and most of that gold went to jolly old England. It seems that gelt was enough to propel England into a war and in no time at all, they abandoned the gold standard to cope with the costs far beyond what they anticipated.

    Of course, Australia’s temporary federal income tax never went away. And it grew. And most don’t know this little glitch of history. They have no idea that the U.S. was aiding and abetting England for two years and more, to the point that the admission was conveyed by England, “If we lose the war, we can never repay what we’ve borrowed.” Concurrently,. the Federal Reserve was finally up and running from the sham Senate vote on Dec 23, 1913 and easy money flowed to the delight of war profiteers and their enablers.

    And the America that had re-elected Wilson on the slogan “he kept us out of war” went to a war that nobody asked for.

    Then, when the last hero had fallen on the battlefield and the political games resumed, damned England insisted on returning to the gold standard. Only, it just had to be at the prewar value of the pound sterling. To make that work, other countries had to run an inflationary scheme, but the gold standard was a gold exchange standard. More easy money in the U.S. to fuel the Roaring 20s. And it all fell apart anyway. Enter the Weimar hyperinflation. Et bloody cetera and so forth.

    So I sit here and raise a glass to fallen heroes here and there, who embraced love of country and lies they never even knew.

    25th April 2013 at 8:08 am

  76. tayronachan says:

    I need to stop reading your articles, and go back to the beach and stick my head in the sand! (thx for the hard work, good read)

    25th April 2013 at 11:56 am

  77. Administrator says:

    Albert Edwards’ Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields

    Submitted by Tyler Durden on 04/25/2013 07:55 -0400

    Just because some of the C-grade financial “pundits” out there may have been confused that Albert Edwards was turning bullish in recent months, this should help clear all confusion.

    We still forecast 450 S&P, sub-1% US 10y yields, and gold above $10,000

    My working experience of the last 30 years has convinced me that policymakers’ efforts to manage the economic cycle have actually made things far more volatile. Their repeated interventions have, much to their surprise, blown up in their faces a few years later. The current round of QE will be no different. We have written previously, quoting Marc Faber, that “The Fed Will Destroy the World” through their money printing. Rapid inflation surely beckons. But that will not occur without firstly a Japanese-style loss of confidence in policymakers as we dive back into recession and produce dislocative market moves.

    Andrew Lapthorne passed me a great chart the other day of bond strategists? forecasts. It reminded me of similar charts for analysts? earnings forecasts from my former colleague, James Montier. There are some ever-present truths in this business. Economists usually forecast a return to trend growth and will never forecast a recession. Equity strategists tend to forecast the market will rise 10% each year and will never forecast bear markets. And since the equity bubble burst in 2000, bond strategists, in a discernible break in behaviour, now only ever forecast that bond yields will rise (see chart below).

    I agree that bond yields will indeed be heading higher in the next 3-5 years ? much, much higher. But the consensus has still not accepted that we remain locked in an Ice Age environment that will see US (and UK and German) yields converge to Japanese sub-1%.

    The late Margaret Thatcher had a strong view about consensus. She called
    it: “The process of abandoning all beliefs, principles, values, and
    policies in search of something in which no one believes, but to which
    no one objects.” The same applies to most market forecasts. With some
    rare exceptions (like our commodity analysts? recent prescient call for a
    slump in the gold price), analysts don?t like to stand out from the
    crowd. It is dangerous and career-challenging. In that vein, we repeat
    our key forecasts of the S&P Composite to bottom around 450,
    accompanied by sub-1% US 10y yields and gold above $10,000.

    25th April 2013 at 1:47 pm

  78. soul_searcher says:

    @BuckHed: possibly Colma Rising? I’m a daily listener! Great stuff! Sorry admin, I was side-tracked.

    25th April 2013 at 11:13 pm

  79. soul_searcher says:

    I’m known in my circle of friends, family, and office cohorts as “Mr. Doom and Gloom”. Everyone keeps saying that doom and gloomers have been around forever. They just don’t see what is happening and keeping repeating the MSM stuff they here. To them, we realists are full of it. They have no clue that peak cheap oil and other finite resources, continued population growth, and a flawed economic system will eventually result in societal collapse. They will pretend everything is OK right up to the end, and then expect a savior to appear and throw them a life ring.

    26th April 2013 at 10:58 am

  80. Colma Rising says:

    A great assesment…. Abnormalcy Bias…. It points to the sad state of humanity that peace and prosperity are NOT the normal state of affairs and show themselves as minor blips in history preceeding utter misery…. as a product of overshooting the trend during reversion.

    That forces are being placated out of the state of warfare may not be something to get an ulcer about…. only those who remember this are mostly dead.

    I still have trouble with the realization that many are not acting as this is a great opportunity…. all of it… but I have to remember that most were not born in a briar patch.

    Great read, Admin. There is a lot of usefull info despite what wiggle-headed chicken littles may project. Fanfuckingtastic.

    26th April 2013 at 3:28 pm

  81. dc.sunsets says:

    On the ZH expectation of stocks being down by more than 70% and gold up by about 700%…

    How? If stocks are collapsing, I figure the banks will be collapsing as well. Lots of IOU’s likely would be collapsing.

    What are people going to BUY their gold with? Sea shells? If the money supply nosedives (and I think it’s likely that a stock collapse will coincide with a collapse in outstanding credit), people will be desperate for money just to keep the lights on.

    Just my $0.02

    26th April 2013 at 6:13 pm

  82. Novista says:

    There won’t be any lights, dc.s … candles the first night, and the JIT process will have collapsed in three days.

    Meanwhile, Wendy McElroy crunches government rubbery figures and doesn’t like them any more than we do.

    http://www.fee.org/the_freeman/detail/hiding-the-unemployed-disability-and-the-politics-of-stats

    I guess John Mauldin wouldn’t like it; he seems to defend government ~methodology~, maybe due to his Muddle Through bias.

    26th April 2013 at 8:50 pm

  83. ILBB says:

    dc.sunsets – I agree with your hydraulic theory of money. w said in another comment that he didn’t learn anything from 2 economics classes. economics is a soft science, according to old sarge, when you’re dealing with people, you’re dealing with variables.

    26th April 2013 at 10:24 pm

  84. FlatCat says:

    The terrorists have already won, as the explosion of stupidity and irrational fear has allowed those in power to acquire more power and dominion over our lives.

    Good point – I rember Bush saying the terrrsts could not strike at our way of life…then we got HSD, AST, Traitor Act and so on.

    Just heard Obama say (just post bombing) the terrrsts could not effect us…then we got military police and Martial Law in Boston.

    The FBI has been regularly engaging in “sting” operations where they take loser scum and entice them to attempt something stupid, then arrest them. Well, now we know they were just “drills” for the real sting operation, only WE are the ones who got stung. They were fishing for good candidates, found them in Chechnia.

    3rd May 2013 at 12:58 pm

  85. backwardsevolution says:

    Admin – you’ve outdone yourself again! Such good writing!!!!! Thank you.

    5th May 2013 at 2:00 pm

  86. Reverse Engineer says:

    Good article Jim. I will cross post it sometime this week.

    For anyone interested in Monetary Issues, the April 2013 Issue of the Doomstead Diner Webzine is now available in PDF format on Scribd.

    http://www.scribd.com/doc/139607645/Doomstead-Diner-April-2013

    This issue features a 4 part article on Money & Wealth from Monsta, along with Boston Bombing articles and Rewilding as well.

    RE
    http://doomsteaddiner.org

    5th May 2013 at 9:54 pm

  87. llpoh says:

    RE – do we still have to register/login to post comments? That is too much trouble for me, lazy ass that I am. When you get anonymous posting, I will drop in and we can play footsie!

    5th May 2013 at 10:10 pm

  88. llpoh says:

    Tried to download, but fuck me dead, you have to be a Facebook member to do it. Lets me out – never going to do that, either.

    5th May 2013 at 10:12 pm

  89. Reverse Engineer says:

    You don’t have to be a Registered Diner to drop on a comment, but they don’t go up right away, non-member comments are moderated.

    Also, you don’t need to have a Facepalm account to use Scribd, I don’t have one.

    RE

    5th May 2013 at 10:38 pm

  90. llpoh says:

    RE – say it is not so – you … you … moderate comments? You delete comments you do not agree with? Was ot that the straw that broke the camel’s back around here? Oh, the horror! The horror!

    (maybe you just use it to keep out spammers. That would be cool. But if you are moderating – not cool.)

    I will try to post sometime.

    I did see that I could bypass facebook. But I had to register in any event – email, password, etc. Not for me. What is the point? They need my details before they release info to me? Fuck that.

    5th May 2013 at 10:42 pm

  91. Reverse Engineer says:

    The moderation function for Guests is to keep Jackasses from posting Spam and other assorted garbage.

    We don’t censor, edit, delete or Ban anyone on the Diner. I will however move Napalm and thread hijacking posts around on the board to keep the threads running reasonably smoothly.

    There are also Levels of membership which allow access to boards non-Diners cannot see. You cannot for instance see the “Smokehouse”, where I will move Napalm Contests when they get outta hand. I also have a “Dungeon” for complete Jackasses. :)

    Far as having to Sign Up for Scribd, you don’t really. If you have a Yahoo email account that works. Maintaining complete anonymity these days and trying to access these kind of services is about impossible overall. Its the Monetization aspect of it, by developing these data lists this is how said websites make money. You do believe in making money, don’t you? LOL.

    RE

    5th May 2013 at 11:19 pm

  92. llpoh says:

    RE – I believe in ME making money. Fuck yahoo, google, facebook, etc etc etc.

    Re your dungeon – you must have been expecting me all along!

    5th May 2013 at 11:22 pm

  93. Reverse Engineer says:

    “Re your dungeon – you must have been expecting me all along!”-::LLPOH

    Don’t bring a Knife to a Gunfight. It’s the CHICAGO WAY. To paraphrase: “He sends one of your ideas to the Hospital, you send one of his to the MORGUE.” :D

    data

    At any rate, I set up the Smokehouse with the knowledge that old adversaries might show up to take me on in Napalm Contests. I figured this would be enough, but sadly we got a poster affectionately dubbed on the Diner as “F-bomb” (real handle Futilitist) who made everyone so miserable I had to come up with an even DEEPER level of imprisonment, which I dubbed the Dungeon. F-bomb is the only resident of the Dungeon. Perhaps you can keep him company there. LOL.

    RE

    6th May 2013 at 12:17 am

  94. Reverse Engineer says:

    Abnormalcy Bias by TBP Chief Napalm Artist Jim Quinn now UP on the Diner Blog!

    http://www.doomsteaddiner.org/blog/2013/05/10/abnormalcy-bias/

    In addition, we have a new regular Feature, “The Week that Was” in Doom Surly is putting together.

    We have also updated the Homepage to make Navigation a bit easier and have signed on some new cross posters as well including James Howard Kuntsler of Clusterfuck Nation and John Michael Greer of The Archdruid Report.

    Stop by the Diner for a Doom Meal! Debate the Existence of God on a Daily Basis! Party like it’s 1999 with Guy McPherson as we await Near Term Extinction!

    The Doomstead Diner. #1 for DOOM on the Net!

    RE
    http://doomsteaddiner.org

    10th May 2013 at 5:56 am

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