Hot ashes are what you're getting. The political and media elites are giving you hot ashes, and taking your trees. I started Hot Ashes For Trees to tell you where I see this happening, and why.
Like what happens in those rinky-dink third world countries when the situation for the average person just keeps getting worse and worse, the whole while State Run Media is pumping "Move along folks .. nothing to see here the great leader has it all figured out."
We have a BLS that adds 75k phantom jobs a month based on a business "birth/death" model that is outdated. We have the only real measure of consumer activity, sales tax receipts to states continuing to plummet, but the media keeps focusing on same-store sales, which are only boosted due to numerous retailers closing. Foreclosures are still soaring, as are bankruptcies. The ADP report which looks at actual payroll data is showing that jobs in the private sector continue to be LOST, not gained. We have a Fed that has pasted over it all by doubling the money supply, and has pushed around tens of trillions over to banks. TARP is actually small compared to the mountain of cash the Fed has printed up and used to "Monetize" bank debt i.e. relieve them of all their bad paper.
We have the biggest transfer of wealth from the bottom to the top in world history under Obama, the lives of real people going down the drain, and a media that keeps telling us not to believe what we actually experience in our lives, believe the garbage from their Green Shoot Pump Machine.
This is all coming to together to slow-boil the nation.
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.
. 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.
. 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.
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.
If Marie Antoinette were alive today, she'd be down with the U3 method of calculating unemployment. This method of calculation is cold-hearted, soulless and a downright infuriating insult to the American people. For it declares some of the worse off among us, those that have exhausted unemployment benefits and have given up looking as non-persons unceremoniously tossed out of numerator and denominator.
Perhaps economic calculations should indeed be soulless, but they shouldn't be Satanic, and the U3 calculation is.
It's simply a way to gin up a better looking number to report, by creating an ever-shrinking "eligible employment base," down to almost 59% of adults these days, from a high of 65% just a few years ago. This measure simply tosses those folks out of the base and recalculates. Poof - through modern day statistical witchcraft, hoards of our fellow Americans disappear. A potion no less offensive than that of the witches of Macbeth, whose brood called for "liver of blaspheming Jew."
By the end of 2009, 1.5 million Americans will be thus cooked out of the sauce. Look for some of theses government-declared non-people to be taking to the streets in food riots by Christmas.
Our government needs to stop hiding the truth in statistical chicanery. The closest measure we have to an apples-to-apples measure of comparison to the way we calculated unemployment during the Great Depression is the U6 method. The U6 method adds back in the discouraged lookers and those who have had to settle for crappy part-time work to put some food on the table. Even that measure does not adjust for the millions of people who are working but have had their hours and pay slashed, sometimes dramatically. By the U6 measure, unemployment isn't far from 18%, and is up in the low twenties in some cities. This is flirting with Great Depression territory, and our government and media needs to start being upfront about this. True, the U6 number is released every month, but it's the U3 that gets all the attention. A number that actually ticked down a tenth ofa percent in July, even as 247,000 more Americans found themselves out of a job.
Let's start reporting honest numbers, using methods that would please a Teddy Roosevelt or Thomas Jefferson, and leave cold-hearted Marie, whose thoughtless inconsiderations have already been judged, to the ash heap of history where she belongs.
. 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.
. 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.
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.
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.
