Perverse Prevailing Wisdom

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In my lifetime I've seen prevailing wisdom that is perverse, but none more than the ubiquitous notion that the Bailouts "had to be this way." From Left to Right we get a constant tripe-pump that we had to do what we did to keep us from falling off the financial cliff.

It's a lie. What we did was keep a ponzi scheme afloat by bailing out the perpetrators. But it's even more outrageous than that - the very victims of the ponzi scheme have mortgaged their very future to bail out the very perpetrators that robbed them blind.

This top-down bailout never needed to happen. It was the single biggest transfer of wealth from the bottom to the top in world history. And the willing corporate media - the same media that pounded it's collective fists on the table over Reagan's "trickle-down" economics, lets Ben Bernanke pull off the largest act of trickle-down in world history and then pronounces him a genius for it. It's literally the bottom of the pyramid bailing out the very top, all so the top can then be kind enough to "extend credit" to the mortgaged-to-the-hilt bottom with their own money!

It's like saying, "Here .. here's another 10 bucks, would you please piss on me again?"

If you include all the bad debt the Fed is buying up, it's now in the tens if trillions. Money conjured up out of thin air on the backs of future taxpayers. All to bail out the very top strata of society that profited from the very scheme they created on the way up.

All could be solved tomorrow. But solving it would involve doing the one thing that the sons of bitches who own the media and the politicians will never let happen. And that is backing out the effects of the housing bubble starting with the victims. And I don't mean this pennies on the dollar refinancing crap. I mean wholesale forgiveness of mortgages to the tune of trillions.

Why is this so bad? Why would that be any more of a moral hazard than what we did? Why is forgiving the very victims of the schemes, relieving them of their debt, any worse morally than relieving those who already pocketed trillions perpetrating the scam? If we're going to print a mountain of money out of thin air, why do we print it and hand it over to banks, why not hand it over to PEOPLE to pay the banks back!

Why? because the sons of bitches who own the politicians won't allow it. Goldman Sachs won't allow it. Citi won't allow it. Bought-and-paid-for Congressmen won't allow it. So now all we've done is print up a mountain of paper to paste over the books of the perpetrators. Setting us up for a far bigger crash.

This is not 1983 where we're poised for an expansion. This is 1930 where we're poised for a greater fall.

Ben Bernake, Tim Geitner, Hank Paulson and Barack Obama are the 4 most despicable criminals in the history of this country. They have sunk our nation completely, and permanently.

Let the People Off the Hook

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I read that states are forced each year to reset unemployment taxes on business, and since unemployment funds are exhausted, these taxes in some cases will go up 10 fold. So business will now lay off even more or cut wages.

From every angle this thing is looked at, it's a Death Spiral.

Death Spirals can be halted in their tracks, but it requires the one thing that Modern Day Financial and Political Nobility will not allow to happen: Let the people off the hook.

Trillions in credit card balances, mortgage and refinance debt, consumer debt of all kinds must disappear. And as a nation, we must settle with China now for whatever terms we can get.

If the Nobility would let the people off the hook, we can clear the books and move on. But the Financial and Political Nobility are A1 sons of bitches, who have gotten fat from decades of Serfdom, and they refuse, stubbornly refuse to let the people off the hook, afraid their guts may shrink a bit.

And so we will sink.

A Madness Insufferable

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At a critical moment in history, our government could have chose to bail out the people. But instead, it chose to spend trillions of dollars in borrowed money that the American people are on the hook for, bailing out the very gangsters who got us into the mess. The very gangsters that have the American people by the throat.

And where is the President of the United States? Why he's standing before the UN, making an enemy OUT OF A GAS!

The trace element C02, which we exhale, at these levels (far less than 1% of our atmosphere) could not even cause Global Warming. Not to mention, what we're actually experiencing is GLOBAL COOLING!

Meanwhile bankruptcies and foreclosures are at record levels. Unemployment still rising. And the mainstream financial media and Wall Street economists are looking at a bunch of phony baloney government ginned up numbers and telling us happy days are here again.

We've sewn the seeds of a massive calamity. We had a chance between October 2008 and April 2009 to do what was right. That was our 6 month window. When the people are in the street tearing down this nation, it will have been that 6 month period that sewed the seeds. Our government chose the gangsters over us. And the bought-and-paid-for cheerleaders of the gangsters are telling us "move along, nothing to see here, everything hunky-dory." Meanwhile we sit on the verge of a worldwide meltdown. Nothing less than a loss of the republic is soon at hand.

Only one solution would have worked. All major banks needed to collapse in 2008, followed by massive debt forgiveness, followed by running the banksters out of town on a rail and never letting them back. Instead, we took our very future and used it to bail the sons of bitches out.

And these unbelievable asinine idiots are out there are railing AGAINST A GAS!

It is a madness insufferable. Idiots throwing away our nation on their idiocy.

Yes, I too am a matzos ball eating, hook-nosed pot stirrer

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For purpose of full disclosure, let me say first that I am full-blooded ethnically Jewish. My mother Ashkenazi and my father Sephardic (both have since passed). Religiously I am a Christian convert.

Now give me a second as that inoculation kicks in ......... OK there ... ready to continue!

For centuries, Old Europe relegated most usurious activity to Jews. Though oddly, most admonitions against usury are found in the Old Testament, whereas in the New, Jesus mentions usury as a natural fact of doing business and nowhere does he particularly rail against it per se. Thus Christians eschewed usury and forced it to the Jews, based on admonitions found in Jewish scriptures. One of many contradictions in that long and stormy relationship.

Thus European Jews played a critical role in the capitalization of those societies that contributed greatly to their economic vitalities. And for their thanks they were paid back with Shakespeare's The Merchant of Venice - a parable about the Old Law vs. the New Faith, with Shylock as the embodiment of Jewish cruel-hearted stubborn adherence to the faithless Letter. This fiction centers around the unpleasant response of Shylock, the Jewish financier of three Christian merchant ships that met with tragedy on the seas. Never mind the hundreds of Jewish-financed ships that reality deliverd safely, to the great enrichment and betterment of European society, the public fixated on the mythical ships that fate never delivered, and the A1 SOB response that they came to belive is part of Jewish character.

But these notions are deep-rooted. The idea of "let the Jew do the financing" is ingrained deep in our European-based culture. Very often the hundreds of ships that do arrive safe will get the Jew little more than resentment for his profits, which are perceived as lecherous. But when the ship runs aground, and bankruptcy proceeding begin, the Jew gets it even worse, cast as the money-grubbing hooked-nosed vulture who loves nothing more than to take food from the poor Christian widow's mouth. The ruin of the Christian, the play tells us, is the Jew's delight.

Now fast forward to our Federal Reserve bank created in 1913. This is a horrible, secretive institution, not owned by the people (it is a private corporation paid for by the banks), not Constitutionally provisioned, that has carte blanche powers to control (or influence) our money supply and to set interest rates. And today it is running amok parking trillions of dollars to prop up failed institutions that have fleeced the American people. Indeed our mess traces directly to the Fed, that more than did it's part in making sure ridiculously cheap and never-ending credit blew up a housing bubble. They essentially blew up a housing bubble to try and mitigate the damage of the dot com bubble bursting, instead of letting the system run that crisis through, tough medicine though it would have been. Now the Fed is working overtime applying the same ponzi scheme solutions that got us into this mess - borrowing trillions from future generations to hide losses and sustain the unsustainable. The Fed is a dangerous institution, with powers that unambiguously should not exist. Article 1, section 8 of the Constitution plainly says that Congress shall have the sole authority to "Coin money and regulate the value thereof."

But Congress is more than happy to kick this political football over to the Fed, and turns a blind eye to it's secretive doings.

So where do the Jews come in? Well, most of the Chairman of the Federal Reserve have been Jewish. Most, sometimes all of it's board of governors are Jewish. But when the ships are coming in, everybody likes it this way. It gives them a sense of solidness to have that ancient race of the coin at the helm of this financial ship. But what about when the ships don't come in? Well, that's when everybody starts to "perceive" that when society is in chaos, and matters are getting all churned up, look close enough and you'll see a Jew stirring the pot.

Now my people have undeniably produced many a pot stirrer. Jesus, all his disciples, Einstein, Karl Marx, Sigmund Freud and many others. Some have stirred for good, some for bad. Whole thought systems, governances, economies, ways of life and theories of all kind have a substantial, if not total, Jewish root. But when the ships run aground, and the people take to the streets, as they may very well do soon right here in US, it won't be long until first the ugliest parts of our culture (which is already happening), then sooner or later the greater parts, start tearing themselves up searching for how we got into such a mess. And like always, standing there with a big wooden spoon will be a Jew, guilty as usual of stirring the pot.

But society delegated that role to him. Utterly abdicated it to him and loved him for it when times were good. And if a Jew has stirred the pot for the worse, how dare we forget all the times when the Jew stirred the pot for the better. And for centuries, we put the spoon in his hand, and made him do the work that Christian culture wouldn't or couldn't. Not to mention many hands are on the spoon, most not remotely Jewish.

McCain down the drain

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How often does one find himself critically positioned to effect history for the better? When the financial crisis exploded onto our attentions in 2008, John McCain was so positioned.

Hank Paulson wanted 700 billion dollars to prop up failure. To bailout the very bankster crooks who got us into this mess. All eyes were on McCain as he suspended his Sarah-rejuvenated campaign. Now was his chance to do the very kind of thing he had done throughout his career - take the maverick position against monumental waste and unfairness. Instead, he goes to Washington, sheepishly says "aye," and so co-opened the floodgates to Bailout Nation. As we began a course of not addressing the fundamental imbalances in the economy, but trying to ponzi scheme our way out of it. This time generational in scope - robbing future generations to prop up and bailout Modern Banking Nobility. Feudal lords of our land and coin, who through decades of psychological trickery have positioned their foot upon the American neck.

Not only was a "no" the right thing to do, but politically it would have been perfect. Who cares if a legacy-panicked George Bush was for it, W was a pimple in the polls anyway by that point. And Obama's whole campaign was about gluing Bush and McCain at the hip. And yet a McCain "no" would have left Barack Obama on the side of George Bush! Defending the absolutely indefensible. And Bailout Nation would then be Obama's albatross.

But at that critical juncture, when everyone was shell-shocked, looking for leadership, looking for someone to stand up and say "no way!" to the sick raping of the American people and lavish rewards to their rapists, and McCain was uniquely positioned to be that person, he tosses it all away. He had first and ten, and chose to punt! He had his chance to turn the tables on those money-changing rapscallions, and cast them clean out of our once sound Temple. Instead he invited them over for tea.

That was your chance Senator. Thanks for nothing, and enjoy Bailout Nation.

Predictions 9/1/2009 - 3/1/2010

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I want to get these on the record now, calling them like I see them.

1. The American economy will recover nicely. The only problem though, is that the American economy is no longer here - we shipped it over to India and China. The fairytale fiasco we have left here will fall off a cliff. Bubble Blowing Ben Bernanke will ponzi around funny-money, keeping the GDP and markets puffed up for a bit, but the whole ponzinomics shell-game will fall on our heads. Look for a big stock market drop by mid-October and food riots by Christmas. Christmas sales will be the worst on record.

2. Very long, bitingly cold Winter in the East. At least 2 big Noreasters. This will make the swine flu particularly bad in the East. It will be bad nationwide, but nothing like 1918. Still, it will make the upcoming flu season about 3 times as deadly.

3. There will be no healthcare bill. We're due for a national "Oops" moment, when it falls on our heads that we're quarreling about healthcare with another Great Depression unfolding all around us. Healthcare will get put on hold.

4. The world will "decouple" from the US. A new world currency will be formed. The US, Britain will have a severe depression, Japan and Russia will a severe recession , Canada, Australia, Germany and France will have a medium-sized recessions, China and India will slow somewhat but maintain growth by expanding their domestic economies. The dollar will be in crisis, near worthless.

5. Widespread civil unrest will take place the second half of 2010 and accelerate in 2011, the next 6 months will lay the groundwork.

6. Look for a Republican "walkout" on Barack Obama at the Jan 20, 2010 State of the Union speech. This will be drummed up as racism by the media, and a cultural explosion will ensue.

Turn down the noise, I can't hear myself implode!

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Imagine a room with 10 radios blaring, each tuned to a different station. If one station was more important than the others, you would need the extraneous stations tuned off so you could listen to the important one. When they're all playing, it's just gibberish.

Such is the state of our nation today, too many noisy and pointless programs playing all at once. All that matters is the economy. there is no recovery, and there are no green shoots.

The stock market has been puffed up by TARP funds the banks are laundering in through the back door. Money borrowed from future generations to cover bank losses, snuck into the market through the back door. This is Bernanke's Generational Ponzi Scheme - the idea was to recapitalize the banks, while a run-up in the market would induce media green-shoot-gasms that would seduce consumers into spreading wide their wallets.

Instead, the consumer is tapped out and didn't budge. The banks will be withdrawing from the market soon, parlaying 2 trillion into 3 trillion. The additional trillion plundered from your 401k contributions, as the system continues to siphon from the bottom and feed the gangsters at the top. And Don Bernanke sits in the big chair and is gets his ring kissed over the whole affair.

But by mid-October the market will be in free-fall. The commercial real estate, consumer debt, and bailout bubble that Bernanke blew up to hide the housing bubble will be popping in full force. Real unemployment will be near 20%, and though the news media will likely still be going over to Japan to import green shoots, the American people will be crushed.

This is the only radio station that should be playing. We'll never even get to healthcare. The economy will exploding before both Houses have a reconciled bill on the President's desk. And the nation will have one giant "Oops" moment, as we collectively realize that all this time we should have been talking about nothing else but the meltdown.

The idiotic channels that must be turned down so that we can hear ourselves implode are:

1. Healthcare, as mentioned.

2. The junk-science lunacy that is Global Warming.

3. The world ending in 2012.

4. The much ado over Obama's birth certificate.

5. Illegal immigration.

6. Antidepressants.

7. All things Karl Rove and Dick Cheney

8. All things GM

9. Every and all stories about Obama painted as The Joker.

I leave the door open for Swine Flu if it gets serious, Afghanistan and Gitmo. But only when our main station is in commercial.

What we're not getting from the media, is killing us

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OK so imagine, it's 1985. The economy is going gangbusters. And Charles Kuralt of CBS News comes on the tube for one of his "human interest" stories.

He finds "Gus from Huston" living under a bridge. And in his sweet and wistfully somber tone, Charles tells us about old Gus. Playing his harmonica, collecting his bottles, passing the hot and humid Houston Summer days away, remembering the old days and thinking about what he could have become. Then, as we're all softly serenaded by Gus' bluesy harmonica, the piece ends with good ol' Gus slowly wheeling his shopping cart full of lost dreams away into the sunset.

Now back in '85, as a 22 year-old strong buck, enjoying the fruits America had to offer, I would think to myself. "How useless! America is going gangbuster boom, and leave it to the Liberals at CBS News to always find someone left out, and feature him in their human interest pieces." I was disgusted at how on one hand America was in Glorious Morning, and yet the media always insisted on making sure that, 10 times a day, we never forgot there was someone left behind.

But now I understand, that if nothing else, these pieces were importantly cathartic. We at least never forgot that there are so many flavors of people in this world. And not all were able to partake in our boom. Some didn't have the education, the background, or the wherewithal to join our party. While we boomed the good boom, some got left behind, and remembering them was indeed the Christian thing to do.

To be sure, the news media went overboard with it. Because Reagan was President, it got to the point where you'd think all of America was homeless. Stories about the newly discovered homeless were everywhere. Time, Newsweek, CNN, CBS, TV Guide, Modern Maturity, you name it. During the Reagan years, for every story about the boom that was lifting up 99% of us, there were 5 stories about the 1% of us that were not-so-lucky and left out. But at least our valves were depressurized. Those who felt the empathetic sting of their fellow citizens being left behind had an outlet. Times 10.

But now the pressure is building and it has nowhere to go. Seems these days everybody knows someone who has been unemployed for at least 6 months or more. Foreclosures are at record historic levels. Long-term unemployment is worse than at any time since the Great Depression. Personal bankruptcies are through the roof. People in huge numbers are under employed, forced to settle for meager, benefitless part-time work at record rates.

And yet we don't get a single human interest story to help us blow off steam, because Obama is President. The news media has their guy in, so everything must be "green shoots." And it's zapping the American Spirit. Nothing zaps the spirit more than to not be empathized with. Recently I saw a story that looked like it might be about displaced people during the housing crisis, but it was about this lady who found an unusual job "house-sitting" multi-million dollar homes so that they looked lived in. She gushed about how much she enjoyed that unusual lifestyle, and how it was a "hidden green shoot" that is only now gloriously possible because of the state of the economy.

The American people so desperately want their pain to be felt, but they can't have it felt because Barack Obama is President. Feeling their pain would mean that all is not well. All is not well could be interpreted as Barack Obama doing something wrong. And Barack Obama doing something wrong goes completely against the narrative that the news media has created. Barack Obama is our great savior, and the news media will not permit anything to go against that narrative.

And so this is creating pressure that is not being released. As what the American people feel and experience every day on the ground gets worse and worse, and the news media sticks to their guns and proclaims that things are getting better and better. Thousands upon endless thousands of human interest stories about evictions, destitution, increasing hunger, are out there and growing larger by the day. Never have we needed them told more than we do now. But we can't have them told, because Barack Obama is President.

The top is about to blow off.

Bubble Blowing Ponzi Schemers

The position of Chairman of the Federal Reserve does not violate the letter of the Constitution. But no position in the history of this country has ever done more harm to the Spirit of the Constitution.

One unelected person, with the single-handed ability to sink this country.

Alan Greenspan was fawned over by the financial elite as some sort of subtle sage. When he was never anything more than a fork-tonged rascal. And this rascal shrimp just about sunk us. One man, bending over backwards to insure that the economy blew up a housing and credit bubble so large, that when it burst the shock wave shattered our collective spleens. And now we're reaping the karmic benefits of years of idolatry heaped upon this little rascal, a man who not enough bad things can be said about. Whole websites are devoted to exposing the damage that man caused, and except for the ones that are anti Semitic hate sites - Peace be upon them.

And his successor, Bubble Blowing Ben Bernanke is just as bad. A man engineering a Generational Ponzi Scheme with the markets. Borrowing trillions from future generations in the form of TARP, so that with a wink and a nod, the banks are now laundering that TARP money into the markets through the back door.

The cabal is completed by the media elite, who have masturbated themselves into multiple green-shoot-gasms over it all, hoping to similarly arouse the public.

But the way it's going to explode again isn't even funny. And now, every left-leaning economist, and not a one predicted the bubble bursting to begin with, is saying the recession is over. When in fact it might be, but only because the depression is beginning. They were all wrong then, and they're all wrong now.

After the mess, after the coming food riots (which should begin around Christmas), after the people take to the streets and this crew in Washington has to be disassembled by the American people's bare hands - after all that, we can not allow this position of Chairman of the Federal Reserve to exist. Interest rates will have to be calculated by some formula that takes into account money supply, inflation, GDP, some sort of scientific guesstimate on what the correct rate should be. We need to take it out of the hands of these "subtle geniuses," and get these subtle geniuses forever out of our face. Because they are not geniuses at all, they are some of the most dangerous and damaging people this country has ever seen.

America: We wanted a new drug, and we found it!

Flat screen TVs are the cocaine, China is the supplier and Walmart is the pusher.

If we start with the premise that every "real penny" in the economy theoretically traces itself back to some piece of production, then it is not rocket science to figure out that the producers will have all the real pennies. Manufacture a penny out of thin air, tracing itself back to only air, and that penny will become as useless as a Zimbabwean nickel.

And so we have the unholiest and unhealthiest alliance between two nations that we've seen since Hitler and Mussolini exchanged glow in the dark friendship rings.

Over the last decade, China produced like mad but it's citizens socked away 30% in savings. The US consumed like mad, socking away 0%. China is awash with real pennies. Like a good supplier, they then lent those pennies back to the hapless addicts. The addicts, having addictive personalities to begin with, then had a field day. Remember, these are real pennies, not fake pennies, so the addicts can essentially give them away for a time, and still have low interest rates and a decent valuation.

But the pennies have nowhere to go after a while, and sooner or later this structural imbalance must create a bubble in something. But what? Tulips? No, we already had the Great Tulip Crash of 1634 so we can't repeat that one:

http://www.investopedia.com/features/crashes/crashes2.asp

Always disheartening to find out your crash has been taken. So, what new to crash? Hey .. how about a stock bubble! No, we already did that one idiot, several times!

Then the addicts, always in search of a new high, get a brilliant idea. Somewhere around year 2000 one very smart Ivy League educated addict blurts "Hey .. how about houses .. they've pretty much went up only with inflation since 1950 .. let's start having them go up 3, 4, 5 times faster than inflation .. and let's give mortgages to everyone .. in fact let's insure through regulation that this happens .. and then we can use the houses as ATM machines dispensing Chinese pennies!"

And so the addicts are off to the races. Loading their Chinese financed houses with Chinese made flat screen TVs.

And so now that the addicts have gone bust, what are the flabbergasted Chinese suppliers going to do? They could stop lending us real pennies, but then the addicts will start manufacturing fake pennies out of thin air, and Chinese debt will become worthless, as their real pennies would be indistinguishable from the fake.

Will they even try this "tough love?" That assumes they even love us to begin with, generally speaking the drug supplier has little love for his customers. The solution would be for China to start consuming it's own goods. Each nation should save at 10%, the rest should be consumption. Had we done this, Alan Greenspan, the former Keeper of The Cost of Chinese Pennies would not have been able to shower them all over us so cheaply.

Next time, let's just exchange rings.

Stock market run-up is a Generational Ponzi Scheme

When will we get honest, when will we get real? Why do we let them do this to us?

This latest market run-up is not being driven by real productivity, it's being driven by trillions of dollars in TARP funds being pushed into the market (on Bernanke-greased-skids) through the back door. But TARP funds are borrowed.

What they want you to say is "Oh that Bernanke, he really fixed things, that Obama, he's really making things better." Now, do you have a child? Are you happy the market has gone up of late? Well, take a good look at that child - because he is paying for it. All they've done is borrowed trillions from the Chinese, shoved that over to the banks, and now the banks are laundering it into the markets. And now they want you to jump up and down yelling "green shoots!" But it's a ponzi scheme. The market run-up is fueled by debt!

Debt your kids are on the hook for. To prop up banks that should have failed, and to opiate you into thinking all is well. Everything we're getting these days from the government and Wall Street is gimmickry. This whole "Q2 Earnings Better Than Expected" rally we just saw is a sham. Revenues across the board to the Fortune 500 are in the drink. So all they did was throw so many people out onto the streets, cut so many costs, that they made their earnings look better on paper - by shrinking!

More opium for you. Are you feeling good yet?

I need to use an analogy here - and I apologize to any 700 pounders I may offend, but I need to borrow your fatness for a minute to make a point. Imagine someone who has a job, and has spent all their money eating themselves into 700 pounds. Now, that person loses his job. So a group of strategists meet in the den to figure out a strategy for him. Instead of prescribing a diet, to bring food consumption in line with new income, and make the man healthier to boot, they decide to go out and borrow several year's worth of food budget and continue to prop up the same old eating habits.

A simple analogy? Maybe, but this is exactly what the clowns at the Federal Reserve have done. They went out and borrowed or printed a mountain of cash to keep the 700 pounder at maximin weight. So now a heart attack or stroke looms even larger. The Financial Heart Attack we're now due is tremendous. This is just another money transfer scheme. After all this, after all we've suffered, you'd think that money transfer schemes are the last thing your government would be doing to you. No, they are the first thing your government is doing to you!