I’m sitting here watching the super Tuesday elections results and I’ve damn near smashed the TV several times. No it’s not because Ron Paul isn’t even mentioned, hell the media sabotaged him months ago. No what just makes me madder than hell is the amount of fucking MORONS that are voting for this IDIOT Hillary Clinton. I mean seriously folks how GOD DAMN STUPID CAN YOU BE? Don’t any of you understand she is nothing more than another puppet of the big money people? Can’t you see that she is NOT the answer this country needs? Can’t you get it through your thick fucking skulls that Bill Clinton is just as responsible for the problems this country is now having as GW Bush?
I’m not talking about the war either, I’m talking about the FACT that the reason YOUR job is now done by some third world lacky is because BILL pushed through NAFTA, BILL pushed through CAFTA, Bill pushed through more bills that were geared towards taking YOUR job away from you and sending it overseas so big business can make BIGGER money than ANY other leader ever known! Do you really think for one god damned second Hillary is going to do anything different that Bill did? Fuck no she isn’t. She’s lying to your face, making you think she is going to change everything and make it all better when she is setting YOU up for the big fall! She is playing this ‘first woman president’ BULLSHIT for every penny it’s worth but it has NOTHING to do with a woman, a black or anything else. This is about people that are in the pocket of BIG business and don’t give two shits about your life, your job or your future!
Lastly, and this one REALLY pisses me off, is the fact that NO ONE seems to notice that if they elect this woman as president we will have 24 years of the same two families running this country. Doesn’t this bother ANYONE besides me? For the love of god folks this isn’t democracy this is a MONARCHY! How in the HELL can ANYONE be comfortable with that fact?
I gotta tell ya, if the idiots in this country vote this woman into office we are so screwed it’s not funny. I’m talking MORE money stolen from the pockets of the working people an POURED into the corporations! We are talking a deficit that makes the one ‘Georgy boy’ has run up look silly. We are looking at a BANKRUPT America, a third world nation that people will remember as the “great country that once was”
And on the note of the elections, Ron Paul did an amazing job but he was beaten down and pushed out by the media and their multi billion dollar owners that don’t want you to see the truth but folks he has been telling the truth and as much as I don’t want to see it happen VERY VERY soon people are going to look back and say “Ron Paul understood”. The only problem is it will then be too late, our country will be ruined, a shell of what it once was and YOU are helping to destroy it this very night!
So the markets across the world started seeing exactly how screwed the US is over “our” weekend and holiday and they went into a tailspin. Who the hell could blame them, when you strip off all the bullshit away from the US economy it’s a feeble old man with no clothes! The Nikkei on Monday was down over 750 points sparking the “oh my god” attitude to the rest of the world. I actually saw pictures of Indians (the SE Asia types) praying to a big screen hoping the numbers would reverse! Sorry my Indian friends, your god can’t help you here; this is a job for Super FED!
The stories go Ben and company spent the whole night in meetings deciding what to do about this mess but do us both a favor and don’t believe that crap! I told my wife at 8pm Monday night Ben and company would do at least a 50 basis point cut before the market opened with the top at 100 basis points and I slept damn well JUST LIKE Ben and his cronies did! It took them about 30 seconds worth of phone calls to decide on that .75 point cut that “saved the world” and then they too all went to bed! So “Super Ben” saved the day …. or did he? Personally I think he screwed us (the US) SO BAD he may have actually put the final nail in the coffin. Mr. Bernanke followed the Allan Greenspan play book by the letter and once again gave up the US dollar and OUR well being to save his rich ass buddies on Wall Street but who cares, he saved Wall Street didn’t he?
Something happened Friday that could have some extremely ugly repercussions over the coming weeks and it is one of the scariest things I have seen yet in this ugly, ugly mess of an economy. The news that really bothered me was that AMBAC’s rating was dropped two levels from AAA to AA. Now I knew it was probably going to happen and Jim Cramer from Mad Money has been screaming about them possibly breaking the law for some time, as a matter of fact he scared the hell out of the people at CNBC’s Squawk Box the other day when he went on a scathing rant about AMBAC and MBIA … you can see it here. Now I’m no expert on the bond market, far from it, but I know enough to know this is a touchy area of the economy that really needs to stay healthy! What bothers me and so many others that know what is going on with this mess of an economy is what this downgrade could mean to the economy and so many so-called rock solid bonds that have been safe and sound for so many years.
You see AMBAC is an agency that insures bonds. Between them and their competition, MBIA, they insure a combined $700 billion (yes that’s with a B) in bonds. Because of this rating cut AMBAC will not be allowed to back any new bonds, as a matter of fact the bonds they now insure could come into question and that is ten times more dangerous to the financial market than the subprime mess itself! If in fact these bonds were downgraded the loss to financial institutions could very well be devastating. Donald Light, a senior analyst at Celent has said “The concern is that downgrades will lead to a reduction in the value of portfolios at dozens of financial institutions” and then went on to say “Bond insurers are the lynch pin holding together valuations of portfolios of all kinds of financial institutions”.
I’ve been warning about the coming economic problems in the US for a few months now, maybe not as much as I should have but then again I’ve been trying to protect my own family against the coming shit storm so maybe I’ve been a little lax in my warnings. You can’t blame me for taking more time than normal to try and save my friends and family though!
So here we are, I’ve been saying for close to 4 months that the federal government would hold off as much bad news as possible until after the Christmas shopping season and by god I was right! The reason they had to hold off all the bad news is that the US economy has been “stroking along” for the past several years based on the retail consumption of US citizens! The latest information shows that 70% of the US economy is based on shopping, not manufacturing, not exports, not anything that would show a healthy economic sensibility! It’s ALL been based on you and I whipping out the old credit card and saying charge it!
I said I was going to start beating everyone over the head about the MOST important issue facing this nation right now, the economy and today I have some more ammunition each and every American needs to take the time to watch… it’s an interview with Glenn Beck (yeah I’m not a real fan either). Whether or not you are a Glenn Beck fan or not you can NOT dismiss the person he is interviewing, the Comptroller of the United States of America, David Walker. This the man that watches OUR money being spent by the government and he is saying we are BANKRUPT! I seriously advise each and every one of you to watch this video and then ask YOUR candidate what the hell they are going to do about it! If they can’t tell you then I advise you to find a new candidate because the ONLY one that has the guts to tell the truth about this is Ron Paul. The rest of them are lying to you each and every day with their “economic stimulus packages” and “tax breaks” …. it’s all crap!
This is why the US dollar is quickly becoming monopoly money! It is a national security problem of THE largest magnitude!