Abandon all hope ye who enter here. Heh.
On Friday, "I'll Have Another" was scratched from the Belmont Stakes. That ruined my weekend. I'll Have Another would have easily won horse racing's triple crown. When Union Rags (a horse I'll Have Another easily disposed of) won the Belmont- I was really sick about it. The Belmont is the graveyard where hope gets buried each year. Year after year this proves true for horses that have won the Kentucky Derby and the Preakness. Something always seems to happen by the time they get to New York.
Some very weird things happened last week including Ben Bernanke's casual spin on our manipulated Frankenstein economy. I want to put Bernanke's demeanor in a "never let them see you sweat" or "who me?" type of context. He acted like QE3 was the furthest thing from his mind.
I am here to tell you- Bernanke is full of shit.
I have known for years that our government, the FED, and the bankers have become our enemies. Like some passive aggressive acquaintance they don't really like you- but unfortunately they still need you. They certainly can't risk alienating the tax base any further so they are forced to play this game where they pretend to be in your corner but they really aren't. They are across the ring from you- trying to figure out new ways of stealing your money to pay their debts. It is really that simple.
They'll even tell you that they are OUR debts. We accumulated them together. We're all in this together. That sort of thing.
When I hear that type of inclusive talk surrounding some hideous liability, it reminds me of a childhood incident. When Mike, slow ass high school freshman, was run down and busted stealing beer from that beer truck- he mentioned by name- his friends that got away.
Mike was always slow. We should have known better.
To this day, I don't understand what use it was outrunning everyone only to get busted later when Mike "dimed" us out. I know that re-arranging and cleaning that beer warehouse was a pain in the ass albeit light punishment for beer thieves. Fortunately, Mike reminded Mark and I that we were all in this together.
Be very careful with the company you keep. Pick your accomplices well. Be wary anytime you hear that inclusive speech about being "in this together." Losers and misery love company. Teamwork is just another way to scatter blame. Somehow the pain becomes a little more bearable when it is spread around.
So in the coming weeks and months please understand a simple concept. The government has screwed the pooch. You cannot unscrew this pooch. You are going to see and hear a lot of weird things like Bernanke acting nonchalant about the global banking and economic meltdown. Like somehow the U.S. is in much better shape than our euro counterparts. That is complete bullshit. Bernanke wants to keep his job and Obama wants to keep his. It's all about tactics at this point. So this is where hope dies and sound judgment takes over.
Here's Bernanke, "Who Us?" We had nothing to do with this mess! Like Mike looking for favors and good will near the beer truck. http://www.forbes.com/sites/afontevecchia/2012/06/07/bernanke-a-trillion-there-a-trillion-here-from-the-fed-wont-fix-the-deficit/
If the government wants you to do something involving money- do the exact opposite. If Bernanke is acting cool about QE3 and not mentioning it- you can damn sure bet that he will do some form of QE3. If Bernanke acts like he hates gold- you can bet your ass he is stockpiling his own. These bastards are sneaky and they are liars. But we have the upper hand. We know that there is no cure for what they have done and no matter what they do- sooner or later and it's looking like later- we will all have to suffer the consequences. Because...they tell us...
We are all in this together.