Special sessions interrupting recess to fund more bailouts. Each payout having infinately less impact, each for a shorter time supporting the house of cards more precariously than the last. Reports of a teenage global unemployment record, and a world-wide unemployment crisis, with each new month revealing “worse than expected” numbers, even as those numbers are severely understated. The FED’s continued monetization of debt now goes public, as the hopelessness of pretense leaves our great economists, academics all, defeated and weary of the recovery charade. High ranking resignations at National Intelligence, Management and Budget, Economic Advisory (Blair, Orszag, Romer) to name only a few of the fallen. Re-revisions of revisions of GDP to levels that completely invalidate all unrealistic estimates of fiscal recovery. Political correctness trumping common sense at ground zero. Ugliness in the character of politics, including accusations of racism coupled with death wish to Palin ”tweets” and increasing tensions among political opinion discussions.
Yes, things do get ugly when the tone of mainstream media edges further toward the brink of reality.
In between vacations and opulent Fiestas, golf outings, basketball, fund raisers and lavish dinners for heads of state, the King’s court lashes out at it’s most ardent support group, the unsatisfiable ”professional left”. Not only is the entire peasantry incapable of comprehending the enormity of the hurdles left by the Bush legacy, but now the serfs refuse to acknowledge or appreciate the “hard work” of passing mountains of legislation written by special interest groups, just because these groups may not completely benefit the hard left. This is politics. Look at all we’ve done for “the little people”. This is the art of compromise and consensus, this is the only change you can believe in and it’s hard work, so BE SILENT … and let us get back to the Villa with our entourage.
So reminiscent of the decadence, decline and decay of so many past empires, but with an exciting new twist –financial INNOVATION. Innovation enabling an unprecedented 1.75 quadrillion mega-ton paper payload of artificial debt, ficticious wealth and fraudulent claims to wipe clean the entire world like a financial ice age, following the impact of the approaching derivative death-star comet.
Will the States take action, and restructure their sovereign economies to protect against the firestorm and economic aftershock? Will they repudiate the mega-swindle and laugh in the face of these silly old men, who put their pants on one leg at a time just like you and me, sending them back behind their curtains, with their vaults full of yellow metal, to cower and scheme up a new way to enslave mankind?
The answer–this way or that–hangs by a thread in the palm of your hand. Happy Friday.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.