link
i wonder who said it first?

well today Obama needs to focus on bread and butter: the economy! I would lay out my plans to the voters...all the tv surrogates should do it as well....americans want to know and hear it...

That's worth a careful read:





The policy issues offered by Barack Obama are only open to the criticism that he is too free-market. Obama sounds more like Ron Paul than Franklin Roosevelt - which today, is probably a good thing.

Some of the Fed's policies which are going on behind a gossamer curtain, ought to make you scream. I'll post some horror details below on next post.

McCain blames "Greed and Corruption" on Wall Street, a perfect William Jennings Bryan small-town Grange populism, which would be interesting if it weren't so completely phony and empty. Mister Keating Five threatens his fellow criminals on the Street, using words from the movie - what was it, just came out, "Greed is Good" - Cindy, what's that Movie? Wuddjamean, twenty-five years ago? Trollop!!

Our economy is in crisis. Only proven reformers John McCain and Sarah Palin can fix it Yes, john, the economy stands and falls upon personality. Sarah Palin can get a handle on this problem, because she's the changiest! And hockeymommiest! MAYBE A BAKE SALE FOR THE US ECONOMY! Isn't that what they did on The Mighty Ducks disney movie? Yes, the Cult of Personality! It saved North Korea's economy, maybe it will save ours!

Here's the horror, and it's right out of classical economics - and Thank The Lord 'n' Praise Jesus that Barack Obama actually went to skewl where they teach such things.

Every Air American who's bought gold and silver coins from ITM trading's gotta be a little sore about the ads - if you bought Gold at a Grand, you gotta be pissed-off that it's under $800

Don't fret. Here's what happened.

The Federal Reserve is right upside-down. Just like you, homeowner - they owe more than the house is worth, the house being the United States.

The US Government is following a blistering pace of selling everything. The trucks are rolling at Fort Knox - the US is DUMPING GOLD ONTO THE MARKET. And the price is taking a shit-dive, just like regular ol' Coolidge Economics would indicate. Smart fella Barack, he paid attention in class, he gets it.

The US Government has gone onto eBay with the family jools, and is trying to suck back every dollar that they can finagle, by selling hard assets. That makes the value of the dollar go up (as the supply goes down) and the value of commodities go down (as the supply goes up.)

Silent Cal is nodding.

SO what's uncle sam gonna do with the dollars? Pay of debt? NAW!

This is the shocking National Socialist part that would have any good turn-of-the-century Republican apoplectic (The 19th century, that is.)

THERE IS A PROVISION FOR THE UNITED STATES GOVERNMENT, THROUGH THE FEDERAL RESERVE, TO PURCHASE STOCKS ON THE STOCK MARKET TO HALT A SLIDE.

REPEAT

THERE IS A PROVISION FOR THE UNITED STATES GOVERNMENT, THROUGH THE FEDERAL RESERVE, TO PURCHASE STOCKS ON THE STOCK MARKET TO HALT A SLIDE.

In other words - You, Taxpayer, Sucker Extraordinaire. are going contrarian, BUYING INTO A CRASH, buying high so that you can sell low - THROWING YOUR MONEY AWAY, they call it in the 'Street lingo - to "Save The Stock Market." It's like throwing bodies in front of a train to slow it down, so's it won't crash too bad.

Google "Plunge Team" And look it up yerself.

Pretty soon, we're gonna run out of shit to sell on eBay. And also, tightening the money supply causes deflation, which leads to depression. Not "a little setback," not "nearing recession," but the Big Suck.

Look at the price of oil - $92 a barrel. Why? Once you vacuum up all of the dollars which can be used for purchasing oil, there's not a lot of dollars left to purchase oil - and demand goes down. Diving commodities equals depression. So the stock market craters - and George W. Bush throws your money on the tracks to slow it down.

Now, who's gonna change things? John McPalin? Shake his withered finger - or other appendages - at WALL Street and say - clean it up! Clean Your Room!

Barack Obama is intelligent enough to see the big nasty a'coming. I hope, I PRAY.

Also - tightening the Hard Money Supply (M1) does NOTHING for the explosion of the aggregate supply (M3) The Fed could pull every greenback off the circulation except one - having that poor fellow whiz about from bank to gas station to payroll - and still not make a dent in the inflationary explosion of phony M3 cash that represents housing debt, etc.

Here's a picture of the comparisons. The US Gov't quit reporting the M3 'coz it wasn't helpful.' Yah, coz it showed the picture of the fucking that's to come.



The Gov't has been sucking cash out of the system quietly for a few years - see the M1 - and the economy's been pretty much near stall speed regarding REAL GROWTH. Now, the M1 is plunging, and so are commodities prices - and that's DEPRESSION, baby.