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.

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.