If you must bomb little children foreign villages until they salute your flag, then you must sell victory bonds. Don't forget our heroic fathers who flew B17's into the heart of god forsaken Saxon kingdoms thru a hail of fire and smoke to send countless tow headed Teutons to a well deserved hell for the sins of their too loyal parents. What would have happened if we had not bought the bonds? If the warcraft had not made it past the assembly line gate? If the MK III phosphorus descructor had not fallen on Hamburg and detonated with perfect fury in the Kindergarten during morning mass and scattered tiny limbs into the Rhineland? You would be a prison camp Kommandant in Alabama, at Stalag 13 Reconstruction Kamp, spreading the gospel of Spengler and Hess to row upon row of adoring infants chained to metal desks, wearing Lederhosen, reciting verses of the Ride of the Valkyries and chanting "Ich bin so froh, ein glückliches germanisches Kind zu sein. Hageln Sie zu allen unseren Teuton Häuptlingen und kann unser Land über allen kommunistischen Kräften des Übels anderer minderwertiger Rennen siegreich sein, also helfen Sie uns Gott."
Now of course all that Gothic slime smokes luckies, wears blue jeans and drinks Pepsi Cola/Budwieser. It was close, but we have successfully converted them to our kind of slimeball.
The "anti-Obama" rhetoric was courtesy of Doug Casey who gave a hilarious talk the Toronto Investment conference about what happens if a taxation crazy demo/plutocrat inherits the white house whirlwind .. he said "I pity the fool"..
Of course you know the rob the rich let's raise taxes froofera isn't going to work and a lawyer who can't balance his own checkbook is not going to spend the US out of a depression. He is only going to make it worse like FDR did. You know they haven't got an economic brain in their head.. 2000 banks fail and you can't pay government workers and you are going to raise taxes? That should do it. Nobody can cash a cheque and the food trucks stop rolling, the shelves are empty and bankers own row upon row of empty houses, people live in tents in parks, and the potholes in the road make the ditches prefereable to drive -- and personal income tax will balance the books? I got no problem with that! And of course executive compensation is the problem with the bail out. It is the real issue, not failure of Shearson Lehman who buys 90% of the bonds from the US government so it can operate it's tax and spend departments. California and Iceland are declaring bankruptcy, but let's allow the banks to fail. They deserve it. Oh, just a minute can you run to the bank with this cheque, we need some food this week, what's that? .. the corner grocery store is closed? The bank has closed too? Can't pay the workers? Well if we can't buy bread in Peoria, let's drive to Paris, we can always buy cake!
The banks have stopped lending gold. If you don't lend gold it cannot be sold. The difference between bullion price and comex is $100 an ounce or more. There is currently no run on banks, but there will be for those with over $250,000 in accounts. Where are they going to put it? you guessed it. Ounces. I don't think Obama will like that. First act as prexy will be to call in all the gold out there, and fix the dollar at 1/1000 of an ounce of gold.
The US dollar is up because the are buying it furiously on all the currency markets while the print bonds and sell them to Central banks.
The whole slide was caused by zero reserve, and repealsion of the Glass Steagall. Who did that? The Genius, Bill. Slick Willy. Crawling out the bedroom window, he signed the bill in a back alley to allow progress of a financial empire that ruined the world. Monopoly banking. Everything may not be a shovel, but it is certainly not a bank statement.
EC<:-} |
