Monthly Archives: March 2009

FASB RULES RULED OUT BY CORRUPT CONGRESS

YouTube – Obama and the banking gnomes

 

Millions of Americans voted for ‘change’.  Instead, we get ‘stagnation.’  This is due to the absolute army of still-very ‘wealthy’ lobbyists and donors to both parties, infesting the system.  So even the smallest reforms are thrown out the window.  And even slight changes in our disastrous foreign policies and expanding warmongering, are defeated before they even appear in public.  So we don’t have ‘change’, we have ‘more of the same.’  For example, the mark-to-market rule is being tossed overboard so banking gnomes can set fantasy values on trashy tranches that switched from being assets to debits, two years ago.  This is because many of these loans are NON-PERFORMING assets which means, they are losses since no one is paying any interest or principal on them. Continue reading

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CHINESE CHASTISE US FOR LOUSY BANKING SUPERVISION

The reverberations of the Chinese revelations from earlier this week continues.  The single stab at the heart of the Nixon Fiat Money Regime caused the dollar to suddenly collapse.  This was quickly corrected by having all the major G7 players step onstage to devoutly bow to the Fiat Dollar and proclaim in a chorus, it will never die.  But this one little test of the systems showed the Communist Chinese the true weakness of the dollar and how the Dragon holds the dollar in the firm grip of its claws.  So, let’s revisit the speech that caused global fear in the G7 nations: Continue reading

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SOCIALISM AND CAPITALISM: BOTH ARE IMPORTANT

The tensions between socialism and capitalism never, ever go away.  The ideal system is one that is balances the two.  I am a devotee of the concept of ‘Libra’.  This is where one recognizes reality and not view everything through ideological glasses.  We only see a mirror of reality which means, things are often backwards but then, we see things literally through prisms in our eyes which sees the world upside down and then, our brains have to reverse things to look ‘normal’.  Ie: real.  The debate about socialism vs capitalism must be conducted with an eye to history, facts and real effects on systems.  NO SYSTEM SURVIVES FOREVER.  Please remember this salient point! Continue reading

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G20 MEETING IN LONDON IS A FARCE

The G20 are meeting next week.  This is quite different from the G7 because it includes China.  There are two poles at work in world events: one is the US and its group of allies who undermine US stability and China and its allies who are often commodity countries.  China’s power is based on its previous involvement with the ‘Third World Movement.’  The US is in charge of the post-WWII alliance whereby WWII empires, Germany and Japan, switched gears and became part of the US empire.  I predict that nothing will come out of the G20 meeting except one thing: another vain attempt at regaining the lost status quo. Continue reading

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FREEDOM TOWER MORPHS BACK INTO WORLD TRADE CENTER

The Freedom Tower in NYC isn’t a Freedom Tower anymore.  It is going to be called ‘The World Trade Center’ and so far, the ONLY tenants who have signed leases are… the Chinese!  HAHAHA.  And there is a big push in the ‘liberal’ media to back Obama’s crazy imperial wars.  He is doubling the war in Afghanistan, expanding it into Pakistan, threatening Iran and of course, continuing the insane and cruel Cuba embargo which is a crime in itself.  More of the same old same old stuff. Continue reading

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OBAMA MEETS WITH BANKING GNOMES WHO SCREAM AT HIM

gnomes-and-obama-argue1

Obama and the gnomes had a secret meeting.  They came to tell him to lay off of their madcap activities and just hand over all the money so they can get richer, faster.  He begged them to understand, people are pissed as hell at these rapacious creatures.  They, in turn, snarled, they would not lend the taxpayer money they are borrowing if we insist on some form a control of their uncontrolled lusts and desires to get rich, faster, on our collective dime.  Of course, I wasn’t there to yell, ‘YOU ARE ALL UNDER ARREST FOR FRAUD AND TREASON.’  Nope.  Obama wants to placate the gnomes, not discipline them.   Continue reading

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GREENSPAN TRIES TO EVADE RESPONSIBILITY AGAIN

Greenspan just won’t shut up.  Thank goodness.  This is because he is getting a tad senile and is actually blurting out the truth occasionally in between his usual blather and lying.  Again, he admits that he and his fellow members of the Wizard’s Guild are practicing magic.  Then claims, he can’t see ahead at all.  Japan is going into a major depression….again.  And the AIG bonus boys are quitting out of naked fear.  And to top it all, our dear warmonger in chief was ordered by AIPAC to DOUBLE war spending in Afghanistan and Iraq and to fight EVEN MORE.  So we are going to spend over $4 billion a month, chasing angry mountaineers who hate foreign devil invaders.  We all know how this story will end.  History laughs at us. Continue reading

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