The Looming Depression and Surviving the Politicians who Lust for your Wealth.

We are advised that socialism is the best way to control the masses as this method purports to deliver ‘fairness’ and ‘equality’ to the masses. The evils of capitalism are manifold and may be used to blame a wide assortment of social evils ranging from AIDS to crop failures in the Sudan.  We are further educated that capitalism is intrinsically flawed in that it performs some ghoulish misdistribution of wealth and is based on racism, exploitation and greed.

We could suggest that we might inspect the economic and social differences among the variants of the socialist themes and capitalist examples now in operation around the world. We could inquire about the ‘successes’ of socialism when compared to its counterpart. The findings are not encouraging.[1] Not only is socialism not a success but the process seems to promote dictators and mass murder al0ng with the novel creation and maintenance of pogroms, novel gulags and piles of human skulls.  Europe is now the rotting image of a long gone capitalist society that now has encouraged Islamo- Fascists to be their new overseers. Feudalism returns to reeducate the unwashed masses with a new religions message. The infidels have already earned their punishment.

The New Obama Socialists are politicizing the recession that will blossom into a full-blown depression by pandering to the unfortunate over the notion that the government ought to pick up their loses and probably give  them a free house at the expense of the banks or other corporations. It is difficult to imagine any socialist measure that tops giving out freebees. We are expected to salvage the union monster in Detroit[2] to pay back the leftists for their political support.

Now, a pack of mostly socialist politicos are now mindlessly groping for funding and offering heaps of maudlin stories about failing economies, mountains of debt and the need for the US to spread around its wealth to support Marxism and emerging economies on those soils.

The G-2o met Sunday and then  issued a  slobbery screed [see ref[3]] replete  with mushy syntax, drippy clauses and imbedded sobs with all anchored to the nostrum that President-Elect Obama will sort of ignore the levels or our federal budget deficits for a couple of years. We can spend ourselves into prosperity! Who blamed Bush2 for spending too much money? Oh, well, that is just politics.

Placing blame is all the emerging ‘countries’ have and here it is inscribed in this hallowed document: DECLARATION SUMMIT ON FINANCIAL MARKETS AND THE WORLD ECONOMY:

Root Causes of the Current Crisis

[3]. During a period of strong global growth, growing capital flows, and prolonged stability earlier this decade, market participants sought higher yields without an adequate appreciation of the risks and failed to exercise proper due diligence. At the same time, weak underwriting standards, unsound risk management practices, increasingly complex and opaque financial products, and consequent excessive leverage combined to create vulnerabilities in the system. Policy-makers, regulators and supervisors, in some advanced countries, did not adequately appreciate and address the risks building up in financial markets, keep pace with financial innovation, or take into account the systemic ramifications of domestic regulatory actions.”[4]-- DECLARATION SUMMIT ON FINANCIAL MARKETS AND THE WORLD ECONOMY November 15, 2008  [Emphasis is mine in all quotes.]

This all so much whine and blow and all we have left from a tortured distillation of this declaration is that the US must have caused this problem and certainly ought to bail out the world. Not to be left out, the ‘emerging countries,’ innocent by definition here, must get their due and presumable act in a leadership manner that would be a shining example of what Americans failed to do. The notion that we have about 90 countries that have failed economies based, mostly, on the ugly social acts of tribalism and Marxism seems to be missing here. It has only been 7,000 years so they need more time and, of course, more money. We need to learn all about the diversity of tribal holocausts, celebration of terrorism and the worship of dictatorships and then shovel money into these garbage pits during the learning exercise.

A solution here is proffered:

[7]… we agreed that a broader policy response is needed, based on closer macroeconomic cooperation, to restore growth, avoid negative spillovers and support emerging market economies and developing countries.

Much of this piffle of the prostrate emerges  from the outrageous Obama promise that he will ‘change the world’ and that he will heed nonsense like this from the New York Times—aka the Walter Duranty Papers[5]--who never saw either a crushing tax or a Marxist revolution that they couldn’t celebrate with drugs, song and dance. Money money money.

“Well, there’s no question that fighting the crisis will cost a lot of money. Rescuing the financial system will probably require large outlays beyond the funds already disbursed. And on top of that, we badly need a program of increased government spending to support output and employment. Could next year’s federal budget deficit reach $1 trillion? Yes.”[6]--Paul Krugman November 7, 2008

The Slush Pump will be some ‘revised’ version of the Bretton Woods Institutions:

“Reforming International Financial Institutions: We are committed to advancing the reform of the Bretton Woods Institutions so that they can more adequately reflect changing economic weights in the world economy in order to increase their legitimacy and effectiveness. In this respect, emerging and developing economies, including the poorest countries, should have greater voice and representation.”

So. Let us witness a cluster of Marxian Primitives all dancing around the money pit as Obama chucks in truckloads of freshly printed US dollars to the tune of the L'Internationale.[7] 

We might inquire where the funding for all this might be found as now Japan is entering its second major recession[8] since its 15 year encounter with deflation. The US is financially stalling in a similar deflationary manner and entering into a deep recession. The EU losers are now confirmed slobbering beggars and as proof we seem them prostrate and crawling up the steps of the US Treasury to beg alms form Paulson and others who do not know what do.  We might inquire where the World Trade Organization [WTO] is faring now.[9] They are being led down the economic rut by such characters as Princeling of Wails[10] and other losers.

We wonder how primitive societies like India, Viet Nam and France can cope with massive Carbon Cap taxes although the US might be generous and print money for them too.  The Carbon Cap Follies of the EcoNazis and their Latent Lysenko lackeys [(LLLs) like Al Gore[11]] might cost the world 500 billion in phony taxes in the next 5 years alone. This is all to ‘save the planet’ as they watch their phony computer models spit out crap. They looked like fools as the earth’s temperature fell when they had nosily predicted a constant rise.[12] They didn’t even blink before they changed their slogan form Global Warming to Climate Change. Now, either up or down is bad for the ecology. They need your money and will concoct any stupid lie that will scare the mentally disnimble into supporting their phony science.

And at home we are going to bailout our worthless auto industry in Michigan with the legislative assistance of Barney Frank, the Carbuncle of Society, issuing mystical runes in this Elmer Fudd dialect:

"Zeese-a two intities—Foonnie-a Mee-a und Freddie-a Mec—ire-a not fecing uny kind ooff finoonciel creesis[13]," said Representative Barney Frank of Massachusetts[14], the ranking Democrat on the Financial Services Committee. " Zee-a more-a people-a ixeggerete-a zeese-a problems, zee-a more-a pressoore-a zeere-a is oon zeese-a compoonies, zee-a less we-a will see-a in terms ooff iffffordeble-a hooosing"."[15]

“Iffffordeble-a hooosing” is what burdened Fanny Mae with three trillion dollars worth of phony mortgages and we still have failing mortgages that were given to 5 million illegal aliens. We can solve this finoonciel creesis by simply printing more money!

So, the world again crashes in socialism and folly and the United States is supposed to provide the corn mean, the sympathy and sanitary rump swabs to clean up this mess. And, all they have left in the world is your home, your 410(k)s and the rest of your assets.

It is now time to institute a World-Wide Wealth Tax so the greedy capitalists can be hunted down and cannot escape their crimes and a nifty global and ‘transparent’[16] banking system is just the item to sort out who has money and seize it.

rycK

Comments: ryckki@gmail.com