Bernake Blinks & Kudlow and Goldilocks on cR@cK!?!?
Oil and the DOW at/near all time record highs.
Smokin' Hot 3.9% GDP numbers.
Gold is screaming INFLATION at the top of it's lungs.
... yet the Fed still cuts rates!?!
Cheney came out and told us in last Friday's interview
with Larry Kudlow on CNBC, what this administration's
real policy is - vis a vis the U.S. Dollar and inflation.
When he said they were watching "the blue chips" and
that the "market" should determine the direction and
value of the dollar... he basically said that the Fed
and the U.S. Treasury would:
1.Bail the banks out of their subprime & derivatives
debacles - regardless of the cost.
2.Let the Dollar continue in freefall - undefended
and abandoned...so that U.S. multi-nationals can
reap windfall profits abroad...while the U.S. economy
and people flounder at home...and the Fed can inflate
away the deficit.
3. Prop up the DOW at any cost so that the Republicans
have at least "one" economic positive on which to hang
their 2008 election hopes upon...and give Wall Street
insiders the opportunity to pass "the bag" off to the
public once again.
And I'm just getting warmed up...
Did you hear Larry Kudlow tonight?
In his opening moronologue he asked:
"When is Hank Paulsen going to do something about
the U.S. Dollar?"
Kudlow - the #1 cheerleader for Fed Rate cuts, massive
liquidity, bank bailouts and easy money -- asking what
Paulsen is going to do about the dollar?
That's like asking Pablo Escobar what he was going to
do about the Cocaine problem.
And speaking of cocaine problems.
Is Kudlow smoking cR@cK?
Because he couldn't stop with Paulsen & the dollar.
Ohhhhhh nooooo.
He couldn't stop there.
He had to add this gem:
LARRY KUDLOW: "Oil, Gold, and the Euro are all bubbles."
Gold, Oil and the Euro in bubbles.
The man who has never seen a rate cut he didn't like,
and he has the balls to ask -- "When is Hank Paulsen
going to rescue the dollar!?!?!?"
Has all that brylcreem turned his brain into petroleum jelly?
-- 3.9% GDP.
-- Oil soaring to triple digits.
-- Gold at 28 year highs.
-- Inflation soaring in every corner of the economy.
And the moron is calling for MORE Fed cuts, MORE liquidity,
MORE bailouts and then asks:
"When is Paulsen going to defend the U.S. Dollar?
No one can be that niave.
No one can be that stupid.
No one can be that big of a tunnel-visioned cheerleader.
Someone please break the news to Kudlow.
We're not seeing a Goldilocks economy.
We're seeing a "Goldilocks on cR@cK" economy.
jim p was right:
It's "Liquidity vs. Reality"
...and right now -- liquidity is still winning.
Now don't get me wrong.
I'm happy as a pig in $hit that gold & gold stocks are flying.
But, you know what?
Damnit, there comes a time when you need to stop playing
your fiddle...and counting your profits.
...like when Rome is burning.
And don't tell me you can't smell the smoke.
S.O.T.B.
PS: You might be asking yourself:
"So what can I do about it?"
Well, you might start with getting out your check book and
writing Mr. Ron Paul's campaign the biggest check you can.
Because Houston... we got a political problem.
...a big one.
And it's not going to be solved by buying gold, or
oil stocks.
America... your grandchildrens America - is not going
to be saved by your gold, or oil profits.
If you're sick of Wall Street Insiders, Fat Cat CEO's and
Money-Grubbing Politicians running this country into the
ground... you'd better do something more than just vote
in 2008.
You'd better put your money...and a lot of it...where
you heart is.
Write the check to Ron Paul.
He might not be the perfect solution, but right now,
he's the only solution.
Politicians need to be sent a message.
If you're fed up.
Stop.
Go here... right now... tonight, and do something about it:
www.ronpaul2008.com/donate/ |
