A Fine Rant

[zigzagman]

A Fine Rant.....

Just as we predicted, the US Senate, which is now indisputably the most corrupt body of elitist bootlickers on the face of the planet, has approved the disbursement of the second half of the TARP (Troubled Asset Relief Program) funds to the bankster-gangsters, some 350 billion worth, thus ensuring that the elitists are given their next serving of middle class flesh by the megaton for a whorish feast of epic proportions.

Pushing the already contemptibly corrupt senators to administer the coup de grace to their constituents were President-elect Barack "Spread the Wealth Around" Obama, who fanned the Fannie and Freddie flames during his term as a US Senator, doing all that he could to make sure that loans were given to the unqualified who should never have been given loans under any circumstances, thus ensuring the subprime debacle and the nationalization of the Scylla and Charibdis of the home mortgage industry. Joining him in the bout of Senate arm-twisting was his new lead economic advisor, Larry "Quadrillion Dollar Derivative Death-Star" Summers, who, as President Slick Willy Clinton's Treasury Secretary, lead the charge for deregulation of the financial industry that killed the safeguards, checks and balances provided by Glass-Steagall and that led to the creation of an unregulated, opaque and highly leveraged market of weapons of mass financial destruction backed by largely naked counter-parties, which were foisted on the unsuspecting worldwide by virtue of the conflicts of interest made possible by the nullification of Glass Steagall, with a large part of this market hidden from the view of bank investors by off-shoring the assets in SIV's (Structured Investment Vehicles) and the like, keeping them off balance sheet.

Don't you just feel "warm fuzzies" knowing that Obama and Summers will be in charge of the next half of the TARP bailout, a/k/a the PPPP (Paulson Ponzi Plunder Plan) as they and the new CCCP (Clintonite Cabinet of Con-Artists and Parasites) get ready to take us into stagflation and depression, leading the dead-head US public down the path to financial destruction like some sort of deviant group of pied pipers?

These miscreants will let you know about the details of any impending equity injection and stock purchase by the Treasury to be made using the second half of the TARP funds, which is not helpful since they have carte blanche to do whatever deal they feel like, and could care less about the opinion of the US public. But look at the bright side, at least we can then calculate the degree to which they are screwing us by throwing hundreds of billions down the rat-holes of totally insolvent banks to enrich their cronies while we get hyper-inflated into oblivion. They have also promised to limit executive salaries of bailout recipients. Big whoop. They already got their juicy salaries, bonuses and dividends via the first half of the TARP funds, which they extorted from us under threat of martial law and PPT-orchestrated stock market crashes. Now they will get more cash to hoard. Supposedly they have to prove that they are using the funds to increase lending. Yes, they will lend more to one another via FDIC guaranteed interbank loans and will make token loans to the public so the fane-stream media can trumpet all the wonderful help the peons are getting from the banksters. It's just the same old, same old. Incidentally, John McCain voted against the release of the second half of TARP funds, probably after he saw it was going to pass anyway, to make some political kudos.

Then, of course, we have the new stimulus plan of some 825 billion, which Nero (Obama) will use to rosin up his bow so he can play his FDR fiddle as visions of Keynesian governmental interference dance in his head, and as Rome (the US) burns to the ground. That's right, let's throw gasoline on the fire so that Rome can burn all the hotter and so that the agony of being burned to death can be extended for as long as possible.

Nero can't raise money for all the bankster bailouts by directly taxing the middle class due to campaign promises. Tax and spend is off the table. So instead, he will spend and inflate, which is really the same thing. Inflation is, quite simply, an insidious tax on the lower and middle classes, spreading the disease of money germs created out of thin air to fund evil government objectives so that the IRS does not have to collect necessary funds directly from taxpayers. But higher prices are even worse than a direct tax, as they tend to spiral out of control. At least with a direct tax you can control how much taxation is levied. With inflation, the degree of "taxation" is often in the hands of corrupt speculators who drive prices up to absurd levels to enhance profits. This will inevitably lead to price controls, which will create even more imbalances in markets for the sale of goods, thus making the stealth tax of inflation even worse in the end by causing wild gyrations in supply and demand and by forcing people into black markets where true prices will have to be paid anyway.

The SSS (Second Stupid Stimulus), contrary to popular belief, contains very little in the way of traditional state infrastructure projects, with a measly 7.5% being put that purpose (with an additional 4% for federal infrastructure), which is bound to disappoint governors and state legislatures throughout the US who have grandiose plans for the SSS money. But at least that will limit what Illuminist contractors and their illegal immigrant workers will scarf from taxpayers. He will create about 4 million jobs based on the most generous estimates, mostly temporary, at a cost of about $200,000 each. This is just more make work projects that will do nothing to heal the economy or to restore our manufacturing sector. It's mainly an unemployment, welfare and tax-break plan.

Missing from both the TARP (second half) and the SSS are any funds for the auto industry, which could provide some lasting and good-paying jobs, but that would help the middle class too much, so certainly we can have none of that.

If we're going to splash money around, how about spending $1.6 trillion to put a brand new, American-made hybrid car into the hands of each American family. That's 80 million cars, spread over 5 years at $16 million per year, at about $20 thousand a piece, to be paid for by our government direct to our auto companies. Not only would that put millions back to work and keep millions more working, it would help to restore and retool our auto industry. The gas savings alone, over time, would provide a greater stimulus to our economy, on a permanent basis, than the temporary tax breaks in the SSS, and many who in the past could not afford to get to work would now be available to work, thus reducing unemployment even further. Eighty million cars getting an average of 45 mpg instead of 25 mpg, would save a family driving an average 15,000 miles per year a total of 267 gallons of fuel each year for the life of the vehicle. At 2 dollars per gallon, that would save each family $532 per year for the life of the vehicle, and you can double that at 4 dollars per gallon. That is $43 billion saved per year at 2 dollars per gallon, and 86 billion at 4 dollars per gallon, or an ROI (return on investment) of 2.7 % at 2 dollars per gallon and 5.4% at 4 dollars per gallon. That sure beats the near zero return on treasury bonds, money markets and bank accounts -- ya think!!! In addition, that would reduce our oil consumption by 2.8 million barrels per day, more than the production cuts just announced by OPEC, using a roughly 2:1 ratio of oil used to gasoline produced, and this would help to keep the price of oil down. Then consider the reduction in pollution and greenhouse gases. And we could move on to the next, and far better generation of fuel efficient cars every 5 years, with ever greater benefits as a result.

And if you don't want the car, you can sell it to someone who does and save the cash or spend it. How's that for a freaking stimulus!!! After all, it is you, the taxpayer, who, in the end would be paying for the car anyway. This would also be a good way for the rich, who pay a good portion of income taxes, to give back to their country after reaping mega-benefits under the Caligula Administration. Screw all this ridiculous welfare BS. Let's get back to work and make things again instead of pandering worthless, fraudulent derivative paper to foreign sucker-dupes so we can destroy the world economy to pave the way for a one world Orwellian police state. Big Brother, eat your heart out!

That is how you run and stimulate an economy if you are a government. You help to produce tangible things of real value that continue to return money and savings year after year.

One thing is for sure, all these trillions being bandied about by the Fed and the Treasury like a bunch of drunken sailors on a pirate ship, a most fitting metaphor, are a surefire formula for hyperinflation. This will provide a temporary shot in the arm to our economy that the elitists will use to complete the Big Sting Two. You can already hear the shills talking about how the doomsayers were right so far, but that these problems will soon come to an end via government stimulus, making buffoons out of the gloom-and-doomers. Yes, we will get a weak, smoke-and-mirrors recovery from the creation of money out of nothing by Buck-Busting Ben, the Magnificent, as he pulls Federal Reserve notes out of his hat (and out of his helicopter in a grand finale). Obama will be declared a genius as everyone sings "Hail the Conquering Hero." The bands will play, the fireworks will fill the sky, and you will hear "Happy Days Are Here Again" being played on liberal public radio stations around the country --- AND THEN THE DESTRUCTION WILL COME!!!

The Big Sting Two, for the benefit of newer subscribers, is the process by which the elitist inside traders will dump all their dollar-denominated paper assets, such as stocks, bonds and derivatives, out of public view via unregulated dark pools of liquidity, Project Turquoise and Baikal, and via the unregulated OTC derivatives market, after which they will plow the proceeds into purchasing real tangible assets such as gold, silver, commodities, real estate, vehicles, plant and equipment, infrastructure, etc., also through these unregulated markets as much as possible, to keep the public from figuring out what they are doing until it is too late. Thus, they will leave non-insiders holding the proverbial bag full of paper assets denominated in a worthless fiat currency that was once the world's reserve currency, better known as the dollar.

The Big Sting One took place during the Great Depression and the inside players and banksters are again working from the same playbook this time. They will make you think there has been a recovery as the stimulus money hits the economy. Banks that were hoarding cash under orders from the Fed will suddenly start lending again, mainly to each other, but with some lending to the public, as a new round of speculation creates a false-flag rally in the stock markets and the real estate markets. All the money they have sterilized until now will come flooding back into the system, along with a lot foreign cash from foreign insiders who are allied with the Illuminati in their final caper to rob the public blind, thus creating more asset bubbles in stocks and real estate, although the bubbles will be muted somewhat by the faltering world economy.

All this lending will be supported by the SSS and all the taxpayer largesse that the banksters have received via various Fed facilities and the TARP, while losses continue to be hidden through "creative accounting" methods. The banksters do not want you, the public, to know that they are really insolvent, so they can continue to both loan and borrow money in furtherance of the final rip-off and transfer of wealth from the middle class to the mega-rich.

They will try to hide their purchases at first so they can buy into real tangible assets as cheaply as possible, but gradually all that cash that is being pumped into such tangible assets will cause a horrendous inflation and gargantuan asset bubbles that will ultimately drive interest rates up, implode the bond market, and set off a thermonuclear explosion in the interest rate swaps, with notional values in the hundreds of trillions of dollars. The world economy will then lock up in a cryogenic state, and there will be a resounding crack-up-boom, followed by the greatest world depression of all time.

Insider millionaires under the Big Sting Two will become billionaires, while non-insider millionaires become beggared, pauperized and vaporized. Non-insider billionaires will be running for cover as well. Gold and silver, along with their related assets, are your only refuge under this scenario. If you can't beat these miscreants by igniting gold and silver before they complete their fiendish plans, then you will have to join them by buying the same things that they are buying. That will make their plans much harder to implement, and will reduce their profits while saving you from abject poverty, which is what most Americans will face who were too ignorant or complacent to take action after learning about what was happening to the economy and what they could do to protect themselves. Gold and silver are your crucifix and wooden stake against the attacks being waged against you by the Dracula's and Nosferatu's now running amok inside the ranks of the Illuminati. Guard yourself with gold and silver, or they will suck you dry!!!

By: Bob Chapman, The International Forecaster
Posted Sunday, 18 January 2009

http://news.goldseek.com/InternationalForecaster/1232314341.php

[rffrydr]

Bump
_________________
Today is the Tomorrow you worried about Yesterday!

[HenryTo]

[zigzagman]

I'm glad you are all having such a good discussion about the "Rant" topic...

I've read every one of your comments with great interest...

Have a nice three day weekend all...

Happy Trading,
zigzagman

[HenryTo]

Diesel,

All great thoughts - I want to expand on these further, if you don't mind.

If you measure the "elites" by the proportion of influence that they possess, they are not necessarily members of the Forbes 400. For example, the Pope - with over a billion Catholics under him - possess a tremendous amount of influence in shaping global policies, but has little in terms of material wealth. Henry Kissinger is still an active member of the global elite, while former ones like Margaret Thatcher and Michel Gorbachev most certainly are not.

On the other hand, Sam Walton's children (with the exception of Rob Walton) have little influence within Wal-Mart, let alone global or even national influence. Another example is Birgit Rausing, who lives a quiet life despite being worth $10 billion due to her deceased husband's holdings in the Swedish company Tetra Laval.

If you want to delve further into this subject, I highly recommend the book "Superclass" by David Rothkopf.

If one includes the political deal makers, the extremely influential writers, artists, and scientists, heads of global companies such as MSFT, WMT, Toyota, Intel, Carrefour, etc, heads of NGOs, etc, the entire list of US elites turn over much quicker than once every 20 years (think of the average tenure of the American CEO nowadays). Going back to the original rant, I believe the writer is confused on who he is targeting. The list of "elites" is a dynamic list - not a static one. More importantly, global elites like Bill Gates, Warren Buffett, etc, have no need for a bailout - and have in fact devoted their lives or their wealth to philanthropic causes. Finally, where has the TARP money gone? To banks' balance sheets in the form of cash assets and higher Tier 1 capital ratios. It hasn't gone to the CEOs or the employees - although it has allowed them to keep their jobs and the organizations intact. Eventually, it will also allow for a sizable increase in lending, once the economy turns around or once confidence returns to the banks. If it wasn't for the TARP money, lending will most likely be even more restricted. Loans to small businesses, students, homebuyers with great credit scores, etc, will no longer be able to obtain loans.

Best regards,

Henry

[rffrydr]

You may be onto somethin' with the guns:

http://www.thestreet.com/story/10458433/1/smith-wesson-still-smoking.html?puc=_tscrss

Here's one of the once elite elitists and what he's doing about it:

[diesel]

The elitists are the US Forbes 400 list. They use lobby groups to buy off congress every other day. The reason the US turns over this list regularly is because it is the most innovative country whereas Western Europe and Japan are the "tag alongers" that protect domestic industry and therefore the longevity of the elitists in those countries..... Estate taxes also play a part.

What exactly is a cash hoarder? Are old people who seek certainty in retirement cash hoarders and does that make them bad? Should they not be protected from inflation? The lower and middle class has negative net worth because they believe money grows on trees. Is this the sort of people that should be protected? Doing so is a huge moral and economic hazard over the long term.

Gold is a ridiculous investment. Best to buy stockpiles of grain if you think the world will end and also guns to protect your stash from the marauding masses with.
_________________
All cats are gray in the dark.

[HenryTo]

Like you said, it is a rant. Let's clarify a few things:

* Who are the "elitists?" The US Forbes 400 list turns over once every 20 years. Moreover, wealth does not translate into political or even economic power. The US is substantially better in turning over its "elites" and "wealthy" than virtually all countries around the world, including Western Europe and Japan.

* Inflation is not a tax on the "lower and middle classes." Inflation is a tax on cash hoarders - pure and simple. And since the majority of American's "lower and middle class" has negative net worth, inflation is actually a boon for them. The author forgot to read William Jennings Bryan's "Cross of Gold" speech.

* A 5.4% ROI for a start-up and grand project like what the "ranter" mentioned is laughable. Given that the technology is still in start-up stages and hasn't been tested within a control group, and given its scale, I would not approve this project unless I could obtain at least a 25% ROI. Any production or plant manager should understand this.