The markets
stumbled yesterday, and, concurrently, Crime Family mouthpieces spread the same
tired old disinformation we told you about last go-around: fear that the Fed will stop inflating the money supply by ending QE has suddenly terrified "investors". Do we have to repeat ourselves every time
this happens? Here’s the real skinny….
Somewhere,
a Crime Family Don picked up the phone, and said “Sell,” and capos representing
the combined wealth of every wired Presbyterian Mafioso on Wall Street heard
him, and together they threw their trillions and trillions and trillions of ill-gotten
financial racketeering booty behind selling (outright shorting and shorting the
box, for those of you who’ve gotten a savvy handle on all this stuff). Pretty
much the entire list of names traded on every exchange in America tanked under the weight of this blatant criminality, creating the
illusion that “The Market” was freaking out while talking heads everywhere gave
our supercilious hotshots at the Securities and Excuses Commission the excuse they
needed to look the other way.
Again.
People, all
our manufacturing jobs are in Asia, and the paperwork-intensive industries
fueling that humongous sub-prime mortgage swindle have been crippled, costing
us even more well compensated positions.
The demand side of this post-outsourcing economy doesn’t have enough juice
to sustain any kind of actual economic recovery, so the boys and girls at the
Fed are going to inflate our way out of this train wreck through time
immemorial, and THERE IS NO REASON TO EVER THINK OTHERWISE.
At least,
not until secession arrives. Or
whatever.
When
interest rates rise, dim-witted Government functionaries allow Crime Lords to
chop equity valuations off at the knees solely because of their gang-banging
clout. The reality that this has nothing
to do with interest rates and everything to do with gang banging never even
enters into the conversation. Coca Cola
and Exxon Mobil and them can end up losing two thirds of their market price
when racketeers make it so. That
investors accept this without a quibble is insane.
Nepotism
doesn’t work, and Plutocracy is destined to find a violent end. In the interim, all the corruption can become too much for this blogger to bear.
