Financial weasels gutted the nation.   The nation allowed them.    The nation, Main Street, reeling from the gaming, believed the weasels, and allowed them to gut the nation, believing it needed to be done to avert a greater 'crisis.'    The greater 'crisis' was, the weasels and their crony friends taking a bath on past weaseldom.   What used to be called 'market education.'

The weasels shed the downside of their risk on an entire nation of value producers via this last ditch effort (by them, for themselves) of printing trillions from nothing and handing it to themselves, with promises to the rest of us that this would save 'the Economy.'    And, we let them do it.

The dollar is currently a hollow gutted thing, backed by nothing except more nothing.

Our 'rivals' -- not just our enemies, but our 'competitors' in the global market,  watched in amazement as America ate itself from within.   Hey, look at that; America is throwing in the towel.   About time.

Look at this Keystone Kops cluster fuck over Ebola.   We pay for the Porsche, we think we are settling for the Cadillac, but what we get is the busted down rusted out Trabant with the cardboard cutout of Charlie Chaplin behind the wheel.

75,000 die every year from C-DIFF, picked up at some horror show of a MEDICARE rehab mill, we don't bat an eye.  C-what?   ANd how many from influenza?

1 person from a foreign land shows up and dies of Ebola and our hair is on fire.  I get it; the elevated attention is due to the mortality rate.   (And still...worldwide, C-DIFF in America is kicking Ebola's ass around the whole world.)  

But, just in time for the elections, a distraction.     What it highlights, mostly, is the bureacratic ineptitude of our Porsche-priced and Trabant delivering institutions of government.

This second poor nurse did the right thing; she calls the CDC....and they tell her to get on the plane?     Seriously?

regards,

Fred

(Edited by Fred Bartlett on 10/16, 9:37am)

Is it just me, or does that resemble Jay Leno?

Weasels Ripped My Flesh is an album by The Mothers of Invention, released in 1970.

1970:  That is so amazingly appropriate.     Here is more weasels ripped my flesh from 1970:

http://en.wikipedia.org/wiki/Economic_Stabilization_Act_of_1970

... that weasel Nixon's response to the crisis of a recession in which unemployment -peaked- at 6.1%, back when unemployment was actually measured as real unemployment.

The nations tolerance of weaseldom has grown by leaps and bounds since President Weasel Extraordinaire sweated his way through the Oval Office.

It's as if, the day Kennedy was shot, the entire nation vaporized.   Disappeared.  Went into permanent shock.   Lost its will to live.

regards,

Fred

(Edited by Fred Bartlett on 10/17, 5:07am)

Imagine that; these weasels once thought it was their job to 'contain the economy.'

Today, our weasels claim it is their job to 'jumpstart the economy.'

Are we starting to get it?   This really isn't about 'the economy.'   It is about the weasels asserting that it is their job to run it uber alles.

When that weasel Nixon was worried about 'containing the economy' the evil was 'inflation.'

Inflation caused by government printing funny money in flat on their back economies?

No.   Inflation caused by low unemployment and high wages and prosperity and success driving prices up in economies that any idiot could see were about to grow because of the demographics, that in fact needed that inflation to grow.   And that is something these weasels claim there can be 'too much' of.   Too much middle class prosperity.   Too much middle class buyng power.    Not enough workling schmucks driven into the dirt where they can be spoon fed bullshit from weasels like Nixon.   Or Johnson,  Ot Carter.  Or Reagan.  Or Bush.  Or Clinton.   Or Obama.    Where they can twitch in a daily stupor of incredulity from the latest assault on their senses by weasels.

Our politico financial weasels took it on themselves to control something they didnt understand.    They talk about priming pumps and yet, they act like they are priming siphons, and indeed, stagnant pools of just water are piling up at the bottom of hills.

In our new economies of waiting, there are few fools taking on risk and building pumps and pulling on pump handles.  Instead, what is left of 'capitalism' is largely crony capitalism, trying to hang around the waterfalls of effortless water falling from above, waiting for the government truck to show up with the latest load of unpumped just water and do their best to get wet without breaking an actual sweat.

A risk taking pump building pump handle puller in these economies is as rare as someone pre-paying their own ransome.

Our politico financial weasels killed the value for value economies.   It's all about the water now, not the energy put in at the pumps, not the energy taken out at the turbines.

The new damp economies of waiting.

But wait...record stock prices ... scored in units of water ... based on companies 'valued' for sitting on stagnant pools of non-circulating water....zero = zero.

We stare at the headlines.   We read what they say.  "FED turns over record profits(interest on held bonds) to TREASURY."   Surely that's great news, right?   Profits!   Profits are good, right?   They 'earned' profits from the profit/interest money tree.    How can that be bad?

Because it is money from nothing backed by nothing, freshly 'spendable' by the non-value adding bearer:  the US Treasury.    Not even backed by taxes on those who do create value;  backed by nothing.

So when the US treasury shows up and demands actual value for these valueless IOUs, how is that any different than a counterfeiter showing up with dollar bills and demanding value?   Why would we believe one action would 'stimilate' the economy and the other would steal value from it?  

On what economic or accounting basis are those actions any different?

When you pay interest to your bank, does your bank pay YOU back that interest?   No?  Then, does it not only pay you back that interest, but all interest earned on every loan it holds?

Because that is what the FED does with the US treasury with all interest collected on its held debt(including US Treasury debt.)   They call all that 'profit' and then they hand it to the US treasury to spend.

Why don't we eliminate the charade, and just let the US treasury show up with guns and demand whatever it wants in whatever quantity it wants?  

Oh, but hurry; if you turn over that funny money fast enough, you don't get caught in the musical value chair, the one that is missing, because that funny money is backed by no value whatsoever.

Is there any remaining mystery at all why Main Street is on its ass while Wall Street and K-Street are booming?   It's simple.   Wall Street and K-Street are positioned close to the tsunami of printed funny money, and Main Street is at the missing musical chair end of the scam.

regards,

Fred