Classic Liberal Blog

This blog has made the argument that "Democrat vs. Republican" simply isn't good enough to create any meaningful change in America since it's inception almost a year and a half ago. While the Big Name bloggers and mainstream pundits insist blogs like mine are nuts.

They are grossly mistaken.

I've spent my entire adult life working in the securities and investment field, while the people who insist I'm wrong have worked as writers/journalists/pundits and political handicappers ...

In other words, I have hard-core, in the trenches experience. They don't. I've traded hundreds of millions of dollars. They believe only "experts" do such a thing.

Do I have a crystal ball? Nope. Nor do I imply that I do.

But the problem we face as a society, is that it's uncomfortable listening to "doom and gloomers" like me. It's scary. Extreme!

Yet, I continue to laugh in the face of those "Animal Spirits." Preferring the sober truth instead.

So click away right now ... if you can't stomach the truth. Laugh and make jokes.

Go on, move along ... and be "surprised" when Obama (if you're a Democrat) or the Republican Party won't (because they can't) save you.

How Long Before You Wake Up?

If you believe that we have "escaped" from the mess that gripped this nation in 2008 and 2009, or that said mess "suddenly appeared" and "nobody saw it coming", stop reading now and have your Thorazine dosage checked. It's way off.

Assuming you accept the truth - that this mess was 20 year or more in the making, that it involved creating credit (that is, debt) which the debtor could never pay, and that it still exists because our government policy has been to extend, pretend and allow lies that should be considered accounting fraud and result in prison sentences, then you're on the right page to understand the rest of this missive. Again, if not, go check your Thorazine dosage.

Yes, I know all about the stock market rally from last March. I know all about the claimed GDP "improvement." But I also know that we got both by adding more than $2 trillion in debt to the United States - or roughly 14% of GDP - over the space of the last 18 months. That's about 10% of GDP annualized, and incidentally, a 10% GDP contraction is the common economist's definition of an Economic Depression.

So let's cut the crap - we are in a Depression right now. We are pretending we are not, just like you can pretend you didn't really lose your job so long as your credit card does not reach its limit. We have been in that depression for about 18 months and there is no evidence that we will exit it, as we have yet to find a way to pull back the deficit spending without an instantaneous collapse in the economy.

Yet at some point we must and will stop. We will either do so of our own volition, or we will do so when the cost of borrowing skyrockets, as others get tired of funding our profligacy. If we attempt to "print" our way out of it the cost of petroleum products will shoot the moon and destroy our economy anyway.

You haven't seen the half of what happened though - not yet. It appears that AIG - the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done. It appears they may have written credit protection on Greece. If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars - or more likely, hundreds of billions (since Greece is almost certainly not the only place - try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS.

Do you both think Americans can and will pay that bill? A bill that has been forced on us, and yet benefits not The United States economy, but foreigners?

Wars - big wars - start over much less, my friends.

The Fed and our fabulous Treasury Secretary already gave tens of billions of our hard-earned money to foreign banks to prop them up via AIG. That was just a down payment; now we all get to - quite literally - buy all their houses over in Europe. They get to keep living in them.

If you do not believe it is going to get much worse than it is now, economically and otherwise, you once again need to go have that Thorazine dosage adjusted.

See, our economy wasn't ruined by accident. These crimes of economic activity were every bit as destructive, if not more so, than the bank robber, rapist or even murderer is. These economic offenses have literally dispossessed millions of Americans of everything they once owned. They have destroyed the hopes, dreams, and lifestyles of entire cities, sent tens of millions of jobs overseas into slave labor camps and stripped off the wealth of our nation through the issuance of securities that were worth nothing, just to add insult (and yet more profit for these banksters) to injury. Take a drive through Detroit if you doubt me, if you dare, and are appropriately armed to defend yourself (you'll need the latter, especially if you're white.)

H/T - Washington Rebel!

Make sure you go read that article in its entirety, at least 3 times! It's that important.

Crazy People!

[T]here’s a very good reason anyone with any skin in the game of the status quo—politician, commentator, or citizen—has to find it very difficult to take [Ron Paul] seriously. That so many citizens and activists in the Tea Party movement are taking him seriously is scaring the establishment for good reason. Paul doesn’t just represent an opposition politician, he represents an absolute denial that “the system” makes any sense, has any justice, or is sustainable. It is this radical oppositionism that makes it so easy for standard issue pundits to just write his fans off as nuts and a bit scary.

Any standard Republican or movement conservative really can’t take Paul seriously without massive cognitive dissonance. You mean, we really really have to obey the Constitution, we really can’t keep borrowing and inflating forever? Signs like the CPAC vote of a significant number of politically active youngsters believing in Ron Paul are indeed a sign of an apocalypse of sorts for the world that most politicians and pundits know. If Ron Paul is right, then everything they know is wrong.
(emphasis added)

Persistent Debts Despite the Printing Press.

The proverbial boogeyman, the phrase “end of the world as we know it,” is not particularly significant to me because it is, literally, always true, because any progress at all, anywhere, means that tomorrow will never be like today, and so “the end of the world as we know it” can be extended to mean “and it will be better and better!”

So, it is not very significant, especially when I get argumentative by being literal and obtuse about it, like now, which is my mood lately.

But when you use the phrase “end of the world as we know it” in the metaphorical sense, meaning “some terrifying catastrophe, to the maximum, in spades,” then it means something much uglier and catastrophic, which you already knew since I used the word “catastrophic” earlier in the sentence, teeming, as it does, with evil portents of ravenous beasts eating you and your family alive, your agonizing screams mixing with squawking vultures pecking hungrily at your liver, and the dead rising from their graves to pursue us endlessly so that they can eat our brains.

Anyway, that’s the way I have it figured, having distilled an entire lifetime of watching TV down into these kinds of little philosophical nuggets.

And since I am by nature dyspeptic and paranoid about the inevitable, horrible result of a growing government, a growing class of people dependent on government, and a Federal Reserve constantly creating more and more money and credit to accommodate them both, I think that I understand the use of the “end of the world as we know it” in its most disturbing sense, because ruinous inflation in prices – the Grim Reaper of economics! – is thus inevitable.

What to do? Well, the sad truth, that you learn as part of attaining True Mogambo Enlightenment (TME), is that nothing can be done, as proved by the One Freaking Fact (OFF) that if debts could be made to just disappear – poof! – by printing money, then everyone, and every country, would do it! And would always have done it!

But nobody, and no country, has ever succeeded in printing money to pay their debts without causing hyperinflation in consumer prices, as the people rose up in revolt, the whole country disintegrated, it was a big mess and everything was ruined.

This – this! – means that you should look deep, deep into my eyes so that you can see the Utter Mogambo Sincerity (UMS) in my eyes when I say that this means to everybody with one functioning brain cell that it Can’t Be Done (CBD) simply by virtue of the fact that nobody in history has ever done it, although many, many, many people have tried everything they could think of to do it, including putting merchants to death for daring to raise their prices high enough to cover their inflating costs!

Sure, the heroin high of "politics" is more fun and enjoyable than the sober truth. But we're in serious trouble folks, and deep down inside, you know it too.

You can buy gold, oil, and other commodities ... canned foods, ammo, and emergency kits ... in preparation of a long, sober reality. Or you can keep enjoying your political high by trusting the criminal cabal in Washington, and their willing cheerleaders instead.

The choice is yours.

You're not going to find a "leader," until you start looking in the mirror. 100 years of progressive domestic and foreign policy ... is coming home to roost.

See Also: Obama, the Chicago Boys, and their 30 Billion Dollar Slush Fund

Visit: Bill Quick's SHTF WikiBook