Friday, October 2, 2009

A Message From Frankenstein

I love Jackson Hole, Wy. It has gorgeousosity.

So when Ben Bernanke declared the recession over while attending whatever it is that government workers attend in places like Jackson a few weeks ago...I thought a couple of things might be happening.

Perhaps the high mountain air got to him. Maybe all that cognac made him dizzy. Or perhaps, he fell prey to this great mirage he has created. Or perhaps, (this is the sinister side of me) while dumping tons of fiat currency everywhere he was avoiding the deflationary pressure of a depression and making his boss proud of him at the same time. Maybe he just got carried away.

The answer arrived two or three days later when President Obama announced that for all of his good work, he would reappoint Ben as the Fed Chief. Ah yes...of course.

That's how government works. Blow smoke up everyone's ass and keep your job. Telling the truth? That is tantamount to early retirement and a resting place in the Mt. Honesty Graveyard.

The problem with calling Ben what he is, a liar, is that nothing changes. Lies are acceptable and part of the landscape. Lies get politicians re-elected.

So yesterday, we discovered that in fact, the Great Cash for Clunkers taxpayer money giveaway didn't spawn new auto sales. GM and Chrysler suffered 40% drops in sales. Ford only suffered a 5% drop. But you see, Cash for Clunkers was never designed to help the economy. It was designed to help bankers. Ben's friends. You see, (3 billion x the avg total selling price of a new car) 18 billion dollars in new car loans allows bankers to leverage 9 times that amount on loans. That friends, is fractional banking. They took your money (taxes) to repair (banks) broken balance sheets. They created about 200 billion dollars out of thin air with that single program.

But you see most people don't know that. They don't know that money is created when you take on debt. But Ben does. Cash for Clunkers did precisely what bankers wanted it to do. Help enrich themselves and repair their woefully broken balance sheets. At your expense.

You can't create wealth by giving it away. I'm pretty sure Warren Buffett would agree with me.

So today, we lost another 263,000 thousand jobs. Our real unemployment rate in the U.S. is over 17%. That's a fact. Not that ridiculous 9.8% figure created by government workers.

And I'll be damned if Frankenstein isn't running around claiming that stimulus has "saved" jobs. Millions of jobs. Frankenstein simply pulls that statement out of his ass and relies on our good nature to believe him. Because, in fact, we always do.

I am enjoying watching Frankenstein pillage our countryside. Why? Well, because I've seen this movie before and I know how it ends...that's why.

1 comment:

CompleatPatriot said...

We have nothing to fear, man has done this several times, it's ok. I say bring it on, I go with my boots and favorite guns to the dance..I tire of cowards and malcontents, I tire of those who bow to the tyrant and it's lies covered in filthy fiat fakery, I tire of watching my brethren crawl like dogs licking the boots of this naked king..

Assyria (859-612 B.C.): a 247-year reign.
Persia (538-330 B.C.): a 208-year reign.
Greece (331-100 B.C.): a 231-year reign.
The Roman Republic (260-27 B.C.): a 233-year reign.
The Roman Empire (27 B.C.-180 A.D.): a 207-year reign.
The Arab Empire (634-880 A.D.): a 246-year reign.
The Mameluke Empire (1250-1517 A.D.): a 267-year reign.
The Ottoman Empire (1320-1570 A.D.): a 250-year reign.
Spain (1500-1750 A.D.): a 250-year reign.
Romanov Russia (1682-1916 A.D.): a 234-year reign.
Great Britain (1700-1950 A.D.): a 250-year reign.
The USA (1790-2009 A.D.): 219 years and counting.

One does not need to be a master mathematician or possess a Ph.D. to realize that America is fast approaching the mark in which every major world power in history has either collapsed or, at a minimum, lost its world leadership and power. America’s reign is currently at 219 years. The average duration of every world superpower listed above is a little over 238 years, oh well..

When the break-up comes, how many Americans understand the principles of liberty enough, and are personally prepared enough, and are willing enough to resist whatever power it may be that seeks to place us under the thumb of oppression and fight for the same protections and vanguards of liberty that first established this land? Obviously, the answer to that question is yet to be determined, isn’t it?

Oh well, just give me hugs and kisses.. wink wink..

I already know these serf scum around me shall fold..They in fact already have done so..