While Ben Bernanke, Hank Paulson, Barack Obama and Tim Geithner continually, publicly, pat themselves on the back for “bringing America back from the brink” of some socio-economic doomsday breakdown of civilization, food shortages, chaos, riots and martial law, one must ask the question – “So what? What’s the BFD about temporarily slowing down the collapse of a 1.4 QUADRILLION dollar Ponzi scheme with a 24 trillion dollar committment, backed by taxing an economy that doesn’t exist?”

Everything we see today which passes for “signs” of recovery: the expression of investor confidence in the DOW, the report of the slowing rate of decline of this statistic or that, is merely the result of a massive re-pumping of our speculation-economy confidence-bubble with taxpayer standard of living futures. When you recognize that this month’s report of losing only 500,000 jobs (instead of 700,000) is what passes for good news these days, you really have to ask yourself, “So what?” We’re basically destroying our capacity to make real corrective progress in the collapsing physical economy, by funding the failed fantasy economy. And we’re destroying the real economy with continued job loss in the process. It’s a perfect negative feedback cycle of assured destruction.

We have the bubble of all fantasy bubbles–that swallowed up and masked the last five bubbles before it–being reported by dozens of sources to be between 640 trillion and 1.4 quadrillion dollars in notional value. Dozens of “experts” have argued this figure to be “somewhere” in this range. But frankly, there is no real definitive FACTUAL accounting of the actual global derivatives figure. Sadly, the only FACTUAL statement we can definitively make regarding that number is the following: 

THE MARGIN OF ERROR ALONE IN THE CALCULATION OF GLOBAL DERIVATIVE BAILOUT EXPOSURE IS SUBSTANTIALLY LARGER THAN THE TOTAL GROSS DOMESTIC PRODUCT OF THE WORLD.

What an ASTOUNDING but true statement! This is what we are bailing out–the Great Unknown. No one can logically argue this point. This is what banks are recapitalizing for, instead of lending. This is what the FED is recapitalizing for, and what they are recapitalizing AIG for. This is what the US Treasury is hiding, and this is what the FED is withholding. They don’t want the American public to know two things:

1) What they have already done, i.e. where the money has gone … and is still going, and …
2) What they are prepared to do going forward, to delay and deflect pain and blame

This is what fellow conspiracy theorists on Capitol Hill like Dennis Kucinich, Ron Paul and Bernie Sanders are slowly beginning to understand and get vocal about.

So, while undeveloped nations continue to wage war and blow each other up the old fashioned way, we sophisticates in the developed nations prefer to destroy each other by indebting and taxing economies to death, sucking the wealth and productive capacities out of Nation-States until they are in a complete state of decline, and then the IMF comes in to deal the final blow, as the lender of last resort in a trade for economic sovereignty. So? The central banks will remain standing, as will the IMF and the BIS, and the mountain of gold in the Rothschild vaults will continue to grow. And THAT is a bet even Joe Cassano could back!

Nobody wants to take the blame, or the pain, on THEIR watch. But by delaying the inevitable, each new collapse becomes more devastating than the last. Which BUST will wake up the sheople? Which “systemic” default will trigger it? Who knows? Who cares? So, what the F@$K! Pass the bong buck!

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