Posted by
rycK on Thursday, February 12, 2009 12:32:16 PM
Our Economy is
Crashing as the Liberals Celebrate. Print Money and Increase Government!!
Abstract: The stimulus bill is a monster of wealth-destroying
ferocity and even our ideological Marxist enemies can see this. The far left have grabbed control of spending
and are intoxicated with how much they can grow government. Geithner squirms and has no
idea how to fund this phony stimulus program. Loathsome degenerates like Waters
and Frank now insist on defining corporate conduct and spending in our society.
Nancy Pelosi secures more votes by getting 30 million dollars in stimulus for
mice in her district. Apparently rodents can vote in San Fran Sicko.
The Chinese realize what is happening here and now their banking
czar hates us. They know that printing money
will reduce their hard-earned US bonds to being as worthless
as toilet paper. Hyperinflation is on the way. Who is going to buy our phony
bonds to fund this crap?
The Theme:
The ‘stimulus’ bill, now soaring out of financial
reach of our assets and beyond our
ability to pay for it, while providing
essential funds to coddle Nancy Pelosi’s mice,
who probably vote, is so large as to defy imagination. The bamboozlers are
printing money at Treasury and Little Timmie Geithner has no notion of how to finance this
wreckage. I usually quote these fools directly and in sufficient depth to avoid
the ‘being taken out of context’ excuse--so let us look at some things:
With lickspittle spray like this
Timmie hums:
"Third ... together with the Fed, FDIC and private sector, we will
establish a Public Private Investment Fund. This program will provide
government capital and government financing to help leverage private capital to
help get private markets working again for the legacy loans and assets that are
now burdening the entire financial system.
[Translation: investors ignorant enough
to buy this crap will get stuck with worthless mortgage debt with no way to
foreclose on deadbeats or squatters.]
"By providing the
financing the private markets cannot now provide, this will help start a
process of providing a market for the real
estate-related assets that are at the center of this crisis. Our objective is to use
private capital and private asset managers to help provide a market mechanism for valuing the assets.”-- Except from Geithner [Emphasis is mine in all quotes.]
These two paragraphs
say exactly nothing. But, here is some
substance from the Chinese who have something specific to say:
““Except for US Treasuries, what can you hold?” he asked. “Gold? You don’t hold Japanese government bonds
or UK bonds. US Treasuries are the
safe haven. For everyone, including China, it is the only option.”
“Mr Luo, whose English tends
toward the colloquial, added: “We hate you guys. Once you start issuing $1
trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is
going to depreciate, so we hate you guys but there is nothing much we can do.””—wild
rant by Luo Ping, a director-general at the China
Banking Regulatory Commission [Emphasis is mine in all quotes.]
Pelosi’s mice will make out better than Communist China on this
deal. Europe is already in the tank.
In a few short years, China’s ‘bonds’ may not be worth a thousand
dollars en totem let alone a trillion. Hyperinflation can wipe it all away.
Ann Coulter has some comments
on this folly:
“The stimulus bill
isn't as bad as we had expected -- it's much worse. Instead of merely
creating useless, make-work jobs digging ditches -- or
"shovel-ready," in the Democrats' felicitous phrase -- the
"stimulus" bill will create an endless army of government bureaucrats
aggressively intervening in our lives. Instead of digging ditches, American
taxpayers will be digging our own graves. ”-- Goodbye, America! It Was Fun While It Lasted by Ann Coulter February 11, 2009 [Emphasis is mine in all quotes.]
“With the stimulus
bill, liberals plan to move unfirable government workers into every activity in
America, where they will
superintend all aspects of our lives.”-- Ann Coulter
Yes, and we will have
unidentifiable Neanderthal creatures like Maxine Waters [human? Female?]
shouting orders to banks and local governments about spending. We will have
loathsome beings like Barney Frank [Backside Barney] who will instruct us all about spending and ‘morality?’
Those who voted for Obama will get their change alright. Protest time
60s style!
rycK
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to: ryckki@gmail.com