There is no such thing as a jobless recovery. It is the very definition of an oxymoron. The global financial system is more precarious than ever. In Europe, Greece, Spain, Portugal, Italy and Ireland will all default. They will have to be bailed out. Great Britain is in desperate shape and is heading for the same endgame.
Lest we think that the problems are specific to countries across the pond, then it is crucial to think again. Just as the individual states of the European Union are going bankrupt, so, too, are the states of the United States. California, New York, New Jersey and Illinois have gone over the cliff. In all, at least 40 of our individual states are hurtling towards the same outcome. All of the above will have to be bailed out. That means quantitative easing (the printing of money) will be the central banks' only option to infinity. Inflate or die is now the Western world's only choice. There is no way for our country to ever repay its debt.
Wall Street will concentrate its OTC derivatives i.e. credit default swaps wherever it sees weakness. By buying CDS insurance against the default of a country or a state and then shorting the debt of that teetering entity, the boys at Goldman Sachs will help to ensure the bankruptcy outcome and profit handsomely from it.
Wall Street will pick off each state one by one, first in Europe and then right here in the good old USA.
As they target the individual countries, they will destroy their paper currencies in the bargain. First the Euro, then the British Pound and finally the U.S. dollar. In essence, they will hasten the devaluation of these colored pieces of paper called currency. And when people finally wake up to what is happening, there will be social unrest. History tells us that angry people will always protest once they understand the scam that has been perpetrated upon them. That is why an entire division of the U.S. Army is training down in Texas to be ready for that eventuality.
The mainstream media is trying to keep the public in the dark. I think it is crucial to know the truth in order to prepare for the worst. Protect yourselves while you still can. Don't be unwitting victims. The financial crisis is not behind us. More likely, it is only in the third inning.
March 14, 2010
Sunday, March 14, 2010
Monday, February 22, 2010
FROM GAME-CHANGER TO BANKER
Can anyone tell me what happened to Barack Obama? Was he and his family threatened by the elite who run this world? What other explanation is there to explain the profound difference between Obama's inspirational rhetoric of the presidential campaign and the dismal Right-leaning action of his presidency.
For a clue we can go back to the day after he was elected when Obama started putting together his cabinet and those other individuals who would work under him. Everyone he chose, who would have anything to do with the economy or the financial system, came from Wall Street. More Specifically, their association was with Robert Rubin, chief architect of NAFTA, prime destroyer of Glass-Steagall and driving force behind the total deregulation of the financial system. As Clinton's Secretary of State and the ultimate big shot at Goldman Sachs and Citigroup, Rubin has probably done more to damage this country economically than any other single person dead or alive. Yet, Obama picked as his economic team, those very persons closest to Rubin and Goldman Sachs (a.k.a. "Government Sachs").
You don't have to look anywhere else. From day one, Obama went from game-changer to banker. As intelligent and articulate and charming as he is, he, nonetheless, became part of Big Government joined at the hip with Wall Street. But could someone tell me why he found it necessary to join the conspiracy and let down the American people?
February 22, 2010
For a clue we can go back to the day after he was elected when Obama started putting together his cabinet and those other individuals who would work under him. Everyone he chose, who would have anything to do with the economy or the financial system, came from Wall Street. More Specifically, their association was with Robert Rubin, chief architect of NAFTA, prime destroyer of Glass-Steagall and driving force behind the total deregulation of the financial system. As Clinton's Secretary of State and the ultimate big shot at Goldman Sachs and Citigroup, Rubin has probably done more to damage this country economically than any other single person dead or alive. Yet, Obama picked as his economic team, those very persons closest to Rubin and Goldman Sachs (a.k.a. "Government Sachs").
You don't have to look anywhere else. From day one, Obama went from game-changer to banker. As intelligent and articulate and charming as he is, he, nonetheless, became part of Big Government joined at the hip with Wall Street. But could someone tell me why he found it necessary to join the conspiracy and let down the American people?
February 22, 2010
Tuesday, February 16, 2010
DEER TURNING THE TABLES ON TROPHY HUNTERS
Has it occurred to anyone that the reason there are no more trophy deer in the state of Maine is because you've shot them all? As usual, the blame is placed squarely on the predators i.e. the hated coyote, when the predator-in-chief is Boobus Americanus a.k.a. demented hunters.
Throughout the history of mankind, hunting was the means to obtain food to get families through the long cold winter. Pursued in this manner, hunting culled the weakest individuals amongst the deer just as the coyote has always done. It doesn't take a rocket scientist to understand
P.S. Don't tell anyone, but there are a few magnificent specimens left. BUT THEY ARE ARMED WITH SHOTGUNS, RIFLES AND AK-47s. They are waiting in ambush to turn the tables on the mentally-challenged trophy hunters. And these deer have access to the very best taxidermists in the state.
February 16, 2010
Monday, February 15, 2010
FIRST THE EURO, THEN THE DOLLAR
Since the "banksters" own the developed western world, no one in that world has dared to implement any financial reform. The criminals are free to employ their weapons of mass destruction, a.k.a. over-the-counter derivatives, wherever they perceive weakness.
Instead of mere companies i.e. Lehman, Bear Stearns, AIG, Fannie Mae and Freddie Mac, they are now targeting fatally-indebted COUNTRIES. At this moment in time they have in their telescopic sights what our smug mainstream media refers to as the PIGS (Portugal, Italy, Ireland, Greece and Spain). The big banks, which are really unregulated hedge funds, are going after the debt (bonds) of these countries and the paper currency they all share: the Euro. The European Union, which is nothing more than the United States of Europe, is under financial attack. This economic blitzkrieg can be every bit as devastating as the military variety in bringing down this union of loosely-strung-together nations.
Lest the United States of America become too cocky and complacent, it is crucial to understand that we are next. With most of our individual states, led by California, the eighth largest economy in the world, either already bankrupt or hurtling in that direction, the U.S. dollar is waiting in the wings for its turn to be under similar financial bombardment. It is, after all, a race to the bottom when it comes to all paper currencies.
The so-called recovery is pure propaganda, and the Federal Government is dysfunctional. It has all come down to the nasty choice of printing money or outright default. The Feds are not going to help us. It is up to each one of us to have a plan to protect our assets when the banker terrorists turn their sights on the good old USA and its faith-based currency.
February 15, 2010
Monday, February 8, 2010
DON'T LET THEM BLAME THE VICTIM
Getting screwed by a company is one thing. Catching them at it and letting them know you’re wise to what they just did raises the stakes. Once caught, look out, because here comes one of those underhanded curveballs. Don't you just love it when they screw you blind and then turn on a dime and blame you when you catch them in the act. That's grounds for justifiable homicide. When you tell them that you know what they're up to, they hate you for it. Don't ever let them get away with blaming the victim; it's the oldest trick in the book.
My method for getting back at the bastards, since murder is considered illegal in many of our states, is to inform them that I will spend the rest of my life letting the world know about their poor behavior. I will dedicate whatever time I have left on this earth to putting them out of business. It will be my sole reason for living, my only motivation. "So you see, sir, what you did to me will prove to be pennywise and dollar foolish. Are you sure you do not wish to reconsider and pay me the $1.29 you and I both know you owe me?" And since they're not sure whether you're out of your mind or dead serious, they usually come to their senses rather than risk the unknown.
February 8, 2010
WE'RE ALL JUST RENTERS IN THIS WORLD
Have you noticed that people who own land feel very strongly about their ownership? They build fences around their property and put up "NO TRESPASSING" signs on some of the trees that form the perimeter of their possession. "KEEP OUT!" gets nailed up quite a bit, as well, along with "PRIVATE PROPERTY" and "BEWARE OF DOG." Friendly chaps, these land owners. Of course, the bigger the piece of ground they own, the more Conservative the owners are likely to be. Thinking you own something turns people into Conservatives in a big hurry.
Of course, it's out West where the big shots, you know, the ranchers, really take their right of ownership to heart. They get pretty nasty when you step over the old barbed wire. I had one particularly notable run in with a well known rancher/politician out in Wyoming. This character owned more land in one contiguous piece than there is in some entire countries. And he had no sense of humor about his land. "What the hell do you think you're doing walking on my land? This is my land, and you better get your ass off of here or I'll blow your butt full of buckshot." Charming fellow, I thought; filled with love for his fellow human beings. And what a delightful humorist. "Shut up, you asshole," I said. "You don't own this land anymore than I do. We're all renters in this world. Get it? Short-term tenants and nothing more. Trouble is, some of us do irreparable harm to the land during our brief tenancy." He looked at me with a hatred I'd never before encountered.
February 8, 2010
Sunday, February 7, 2010
THIRD PARTY, ANYONE?
I think we can all agree that the Democrats and the Republicans are not the answer to the country's escalating problems. Indeed, both parties are part of the problem. By being in the hip pockets of the "banksters," the health insurance industry, the drug companies, the auto makers etc., they have provided us with hard evidence that they are not participating in a representative democracy.
Webster's definition of a conspiracy is: an agreement to perform together an illegal, wrongful, or subversive act. I call the agreement between Corporate America and our government officials "Conspiracy Capitalism." It is quite simply a process where the Executive and Legislative branches of government, who were elected, or, in some cases, appointed, to represent the American people and do the people's business, represent, instead, the interests of large corporations who pay them to do their business. As such, the system is dysfunctional and needs to be fundamentally changed.
Of course, it is easy to agree that the Republicans, in their total embrace of Conservative theology, are worse than the Democrats and have become wholly irrelevant. But the Democrats, presented with an opportunity that they may never again enjoy in our lifetime, have shown themselves to be incapable of governing. Did someone read Obama the "riot act" as he prepared to take office? (After all, the Banker terrorists do not play softball). The naming of his Cabinet, most of whom were around and even partially responsible for the financial meltdown, should have been a great big red flag for all to see. Was he threatened? There's no other way to explain the stunning difference between Obama's inspirational rhetoric of his presidential campaign and the dismal Right-leaning action of his presidency..
The only other possibility is that the Democrats are scared to death to be Democrats. Like Clinton before them, they tend to throw some grass up into the air to see which way the wind is blowing. Since the wind is a constantly shifting force of nature, the average wind is blowing from the center. And Centrists don't stand for anything. If you don't stand for anything and you're in bed with the special interests who run this country, then you're not that much better than a Republican.
The country needs an independent third party. Americans, disgusted with the performance of both Democrats and Republicans, are registering to vote in huge numbers as Independents. They are searching gamely for someone to represent them as actual public servants instead of colluding with big business. They are scanning the horizon for a third party.
As Progressives, we can cede that independent third party to the Tea Baggers, or we can be that voice of reform and fundamental change that Obama promised in words but has not delivered in deeds. The wimpy, ineffective Democrats have created a vacuum into which a new, revitalized Progressive party should rush in and fill with strength and purpose. Do we really have a choice?
February 7, 2010
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