Are You Ready To Leave The Matrix by 9.09
August 19, 2009
– Comments (14)
You will soon learn, through the magic of credit default swaps, our economy morphed into the Mother Of All Ponzies............MOAP anyone?
We created an economy where the creation of credit drove over 100% of economic growth and most of private spending was simply directly related to or a by product of excessive lending. In turn, that spending drove massive Ponzi tax dollars to government through higher income, sales and property taxes.
OVER 90% OF OUR ECONOMY WAS SUPPORTED DIRECTLY OR INDIRECTLY BY ORGY LIKE CREDIT SPENDING OR GOVERNMENT SPENDING.
ONCE BANKERS RAISED INTEREST RATES AND TIGHENED CREDIT....THE PONZI SCHEME STARTED TO UNWIND....AND MY IS IT UNWINDING WHILE MOST OF THE NATION IS SUCKING AT THE NIPPLE OF GREEN SHOOTS.
PLEASE LET THERE BE GREEN SHOOTS THEY HOPE.....AS WITHOUT GREEN SHOOTS THERE IS NOTHING.
NO NEW HOME SALES....NO COMMERCIAL REAL ESTATE SALES.......NO HEALTH CARE......NO FINANCIAL SERVICES....... NO INSURANCE......LOTS OF DEFAULTING DEBT......NO PENSIONS...... NO TAX RECEIPTS........NO SOCIAL SECURITY.......NO JOBS.........NOT MUCH OF ANYTHING RELATED TO THE PONZI ECONOMY.
It is not a question of whether this will happen......we are beyond that now......it is simply a question of when and how will we as a nation deal with it once it unfolds......and make no mistake......it will unfold as we are already at the point where government can only afford to accomplish a fraction of what it promises.
You think people are pissed at health care reform.....wait until they can't get money too feed their children?
Folks, if you want to know what Buffett and the Bankers are afraid of.......it is you........for every parasite needs a host, and once you find out......things will get very volitile and a very unfriendly environment for them.
Now the question how will this Ponzi Scheme unfold......Madoff didn't have access to the U.S Govenment.....these guys own your Congressional Leaders and President. The entire banking system has become an in your face fraud as the finaical statements are accounting shams......and no one seems to care........no cops, no enforcer......a few years ago, these guys would have been sent to jail.....but when you have a scam that makes all prior scams seem immaterial.....combined..............these guys own the jail, the jailer and the land the jail is built on.
Denninger gets it.....former chief S&L prosecutor William Black gets it. Once a nation built on the rule of law blatently throws the law out the window......you know the days of that nation are numbered. Now the question is what is next as this MOAP plays out........you think these guys are going to let the sheeple catch them?
Barney Frank is a furter. Chris Dodd is a dudd. Republicans are no better. The only one with any backbone is Ron Paul and he has been marginalized as a whacko.
It has been quite a ride my friends.......let's see if the breaks are working as this ride tries to come to an end. Please assume the crash position as MOAP approaches 9.09.
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