I've spent many sleepless nights in the last three weeks. Something I always said would happen came perillously to happening. I have advantages you don't, so bear with me. Then you can lash me to pieces.
Starting about a year ago, I think a year, I was hearing things like, 'whoever picks this problem up walks into the White House'. And "it's too late. If they had acted a year or two ago, but now it's too late....". Well, people I respect and people high in Government and Law Enforcement believe now, more than ever, that it is too late. They may well be correct, however, I'm starting to think a bit different after today's events.
We were so very close to an end of Western finance as you and I know it. It should be obvious to the most unaware that we were teetering on the precipice. As I looked at a worldwide effort to prop up the European banks, that the Frogs, who hate us are working with us, tells me that the Governments, the sick, infected pus balls that oversee us and enrich themselves at the same time, are together, and will pull out every stop to make the appearance that things are fine.
It appears that the system, although wounded and in intensive care, will survive. However, what will emerge will be entirely different than what we know.
We get a President that we aren't sure is even on our side, and 60 Democratic Senators. Everything they've ever dreamed about they'll pass. The economy will go into Jimmy Carter to the third power. No growth and stagnation will dominate the next several years, as the blowback to all this cheap money comes back to haunt us. Interesting to note today that the reason for the easing was, energy prices were down, so inflation wasn't a problem . Interesting to note, we use inflation figures minus energy and food, but quote it when it suits us. They cut rates because we were going down another 2000 points, and the public would start hanging politicians.
I do believe you'll see some things that you won't believe. The amount of arrests on the horizon are staggering; you don't embarrass and threaten politicians like Wall St. (incl Hedgies and regulators) did. They are the sacrificial lambs. The names and numbers will stagger you.
Tax fraud will be looked upon here like it is in Europe. The Germans with 50% income and 25% Capital gains tax spent years chasing Lichtenstein, simply because it was in their economic interest to do so. A Left Wing US Government will do the same. They have uses for that money.
I can't see how UBS continues to operate in the US. The tax fraud they perped on us is unprecedented, and heads have to roll.
I believe the US Government, Democratic to the core, will bail out California, New York, Massachusetts and New Jersey, all decrepit Democratic States. Right there you're talking at least 40 billion and they'll piss that away, too.
Continued..................
Starting about a year ago, I think a year, I was hearing things like, 'whoever picks this problem up walks into the White House'. And "it's too late. If they had acted a year or two ago, but now it's too late....". Well, people I respect and people high in Government and Law Enforcement believe now, more than ever, that it is too late. They may well be correct, however, I'm starting to think a bit different after today's events.
We were so very close to an end of Western finance as you and I know it. It should be obvious to the most unaware that we were teetering on the precipice. As I looked at a worldwide effort to prop up the European banks, that the Frogs, who hate us are working with us, tells me that the Governments, the sick, infected pus balls that oversee us and enrich themselves at the same time, are together, and will pull out every stop to make the appearance that things are fine.
It appears that the system, although wounded and in intensive care, will survive. However, what will emerge will be entirely different than what we know.
We get a President that we aren't sure is even on our side, and 60 Democratic Senators. Everything they've ever dreamed about they'll pass. The economy will go into Jimmy Carter to the third power. No growth and stagnation will dominate the next several years, as the blowback to all this cheap money comes back to haunt us. Interesting to note today that the reason for the easing was, energy prices were down, so inflation wasn't a problem . Interesting to note, we use inflation figures minus energy and food, but quote it when it suits us. They cut rates because we were going down another 2000 points, and the public would start hanging politicians.
I do believe you'll see some things that you won't believe. The amount of arrests on the horizon are staggering; you don't embarrass and threaten politicians like Wall St. (incl Hedgies and regulators) did. They are the sacrificial lambs. The names and numbers will stagger you.
Tax fraud will be looked upon here like it is in Europe. The Germans with 50% income and 25% Capital gains tax spent years chasing Lichtenstein, simply because it was in their economic interest to do so. A Left Wing US Government will do the same. They have uses for that money.
I can't see how UBS continues to operate in the US. The tax fraud they perped on us is unprecedented, and heads have to roll.
I believe the US Government, Democratic to the core, will bail out California, New York, Massachusetts and New Jersey, all decrepit Democratic States. Right there you're talking at least 40 billion and they'll piss that away, too.
Continued..................
