Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
Fed Quantitative Tightening Impact on Stocks and Gold - 22nd Sep 17
Bitcoin & Blockchain: All Hype or Part of a Financial Revolution? - 22nd Sep 17
Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms - 22nd Sep 17
Will North Korea Boost Gold Prices? Part I - 22nd Sep 17
USDJPY Leads the way for a Resurgent Greenback - 22nd Sep 17
Day Trading Guide for Dummies - 22nd Sep 17
Short-Term Uncertainty, As Stocks Fluctuate Along Record Highs - 21st Sep 17
4 Reasons Gold is Starting to Look Attractive as Cryptocurrencies Falter - 21st Sep 17
Should Liners Invest in Shipping Software Solutions and Benefits of Using Packaged Shipping Software - 21st Sep 17
The 5 Biggest Bubbles In Markets Today - 20th Sep 17
Infographic: The Everything Bubble Is Ready to Pop - 20th Sep 17
Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami That May Hit Us Within 10 Years - 20th Sep 17
Stock Market Waiting Game... - 20th Sep 17
Precious Metals Sector is on Major Buy Signal - 20th Sep 17
US Equities Destined For Negative Returns In The Next 7 Years - 3 Assets To Invest In Instead - 20th Sep 17
Looking For the Next Big Stock? Look at Design - 20th Sep 17
Self Employed? Understanding Business Insurance - 19th Sep 17
Stock Market Bubble Fortunes - 19th Sep 17
USD/CHF – Verification of Breakout or Further Declines? - 19th Sep 17
Blockchain Tech: Don't Say You Didn't Know - 19th Sep 17
The Fed’s 2% Inflation Target Is Pointless - 19th Sep 17
How To Resolve the Korean Conundrum  - 19th Sep 17
A World Doomed to a Never Ending War - 19th Sep 17
What is Backtesting? And Why You Need Backtesting System? - 19th Sep 17
These Two Articles Debunk The Biggest Financial Nonsense I See In The Media - 18th Sep 17
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials - 18th Sep 17
The Sum of Risks – Global, Strategic, Political, and Financial - 18th Sep 17
The Netflix Of Canada’s Cannabis Boom - 18th Sep 17
Stock Market Sentiment Speaks: Either You Learn From The Events Of The Past Week, Or You Are Hopeless - 18th Sep 17
SPX 2500 … At Last! - 18th Sep 17
Inflation Lies, Lies and OMG More Lies - 18th Sep 17
How to Choose right Forex Trader? - 18th Sep 17
Who Has Shaped the World the Most? The Dozen Greatest Achievers - 17th Sep 17
Riding the ‘Slide’: Is This What the Next Stocks Bear Market Looks Like? - 17th Sep 17
Gold Up, Markets Fatigued As War Talk Boils Over - 17th Sep 17
Predicting the Future of the U.S. and the World - 16th Sep 17
Deceit in the Financial Food Chain - 16th Sep 17
Gold GLD ETF Investment Resuming - 16th Sep 17
Extreme Weather & Energy Markets: What's Next? - Video - 15th Sep 17
Trump’s Path to IP Wars - 15th Sep 17
GBP USD Approaches Fibonacci Target - 15th Sep 17
Higher US Interest Rates May Force Higher Inflation Rates - 15th Sep 17
Stock Market Investors: Taking the Road "Less Traveled" Has Its Perks - 15th Sep 17
The 3 Best P2P Lending Platforms For Investors In 2017—Detailed Analysis - 15th Sep 17
The US Debt Bubble Will Soon Warrant Serious Measures - 15th Sep 17
Why it is Often Difficult to Sell a House Fast - 15th Sep 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

Mutant Rat Epidemic spreading Economic Black Plague, Part II

Politics / US Politics Sep 23, 2010 - 03:24 AM GMT

By: D_Sherman_Okst

Politics

Best Financial Markets Analysis ArticleBrief Recap of : "Mutant Rat Epidemic Spreading Economic Black Plague - Part I"

The Slave-Release Program: For 227 days of every year Americans are slaves to the Public Debt Rat. So much for the the 13th Amendment or the Civil War of 1861-1865.


The “Part-Time Abolition Release Program” makes up the other 138 days of the year during which time the “American worker” tries hard to fend for him/herself and his or her families.

At best, it is a “Quasi Part-Time Abolition Release Program” for the Corporatocracy Rat and the Globalization Rat have blasted our wages back four decades. We “compete” against someone making two bucks a day. Being an unpaid slave for 227 days and earning 1973 in wages for remaining 138 days birthed the 2 “income” family. Well, for those who didn’t divorce over money problems.

“Quasi Abolition“ because most consumers became slaves to the Bank & Credit Card Rats in order to bridge the gap between what they take in and what they need to survive.

I can’t do a piece about bridging the gap without emphasizing Jim Quinn’s fine (circa 2008) work. What I’ve dubbed the “Strabucks Effect”. He took the time to do what most economists have yet to do. Jim figured out where the consumers were getting their money from, given they only had 138 days of the year with 1973 wages to work with. Quinn found the answer: Credit, HELOC’s to be specific. For example: In 2008 Americans borrowed 9 billion dollars from their home equity loans to go buy four dollar coffees at Starbucks. After the housing crash, Starbucks closed 900 stores. The Starbucks bean-counters understood the Greenspan-Bernanke bubble and where their consumers went to get spending money. In the middle of Jim’s article he shows that consumers borrowed $2,206,000,000,000.00 (2.2 trillion) annually and used it to consume, thus fueling the economy. (I invite you to read it, Jim is one of my favorite authors).

To digress -- it is unfathomable how an ex-Economic Advisor Rat can state, 'We still don’t see why corporations cut jobs the way they did.' Doubt she’ll be teaching kids the “Starbucks Effect” as she changes rat packs and joins the majority of colleges that teach Keynesian economics. Not hard to understand why 99.9999% of economist never saw this train coming and still don’t see it today.

Rats have 20/600 vision (20/200 is legally blind).

For 138 days of the year we do our best to support the economy -- the very economy, which in one way, shape, or form, in turn, supports us.

Even if one is wealthy or retired, they too rely on a healthy economy to support their investments.

The Public Debt Rat doesn’t work alone. These rats work in packs. And now I'd like to introduce to you the 535 (Ron Paul, Paul Ryan and handful of fiscally, Constitutionally responsible adults excluded) Empirical Bread & Circus Rats.

The Empirical Bread & Circus Rat’s Motto “Taxation Without Representation.” The Empirical Bread and Circus Rat represents and serves the Corporatocracy Rat -- NOT you and I. Ironic, we fought a revolutionary war over this ninety odd years before we “abolished” slavery.

Insidiously, both have returned to haunt us!

The Empirical Bread & Circus Rat Deadly Bacteria 1: The Empirical Bread and Circus Rat tosses a few crumbs (Social Security, Medicare
, the Prescription Drug Plan) to us in exchange for our votes. Of course these plans are “unfunded.”

Looted, is really more like it. If you or I worked for a pension fund and we “borrowed” money from it, we'd do time. If we used that money to buy votes,we’d do more time, but the Empirical Bread and Circus rat can make laws that only people have to follow. They can loot the Social Security “Trust Fund” and spend it on the rats nest. They can rob Social Security to buy pork, build a bridge, an airport, a park, and bail out idiot Bank Rats and moron Wall Street Rats who blew up our economy. Then these then rats adorn the monuments they erect with individual rat names.

Rat monuments are voting reminders.

Once elected the Empirical Bread and Circus Rat is fed by the Corporatocracy Rat.

Scurrying lobby rats pay billions to the Empirical Bread and Circus Rat. The Lobbyrats get the Empirical Bread and Circus Rats to turn tricks for the Corporatocracy Rats. They write the ratbills that the multi-thousand page Empirical Bread and Circus Rats sign into law.

Without reading.

The Empirical Bread and Circus rats are immune from the disease they spread. Sucking the Corporatocracy Rat’s tail makes them impervious to STD’s like the Health Care or their retirement fund being looted like they looted “our” Social Security.

Case in point: Look at the “bailout.” An LA Times article in 2008 explains that Feinstein’s office had to double the staff to handle the influx of (almost 40,000) calls. The overwhelming majority were entirely AGAINST TARP -- which got passed. The Empircal Bread and Circus Rat doesn’t give a human’s ass about capitalism or what its constituents want. It is all about bailing out the rats that they whore to, the ones who blew up the economy. Capitalism is dead. The Corporatocracy Rat killed it. “Why We Are Totally Finished” explained Corporatocracy in great detail.

Look at the rat bribes.

Source: Jim Quinn

You can see the proportion of money given to how berserk the rat pack has gotten. We have gone from speed it up to disaster in 20 years.

The Empirical Bread & Circus Rat Deadly Bacteria 2: We have a military presence in 150 out of 195 countries and are fighting two wars simultaneously. By no definition is that a Republic. The Empirical Bread and Circus Rat feeds the military industrial complex with well over 50% of our budget -- made possible by the Debt Rat. The Afghan War is the longest war in U.S. history.

Rat Poison: Get rid of the lobby rats. Make it a crime to accept bribes for votes or to use bribes to get votes. Let politicians have a blog on the government website for which office they wish to serve -- campaigns must cost zero dollars. Everyone (except rats) should have the ability to run -- and serve ONCE. Make all bills understandable to anyone in 10th grade and no longer than 1 page. Post every bill and every vote along with blog poles for how their constituents want them to vote. Any law they pass, they also abide by. And, like Doug Casey said, “...giving politicians the ability to borrow is like giving a teenager a bottle of whiskey and the keys to a Corvette.” Not bright, so lets not do it anymore.

The Corporatocracy Rat decimated capitalism. Of all the rat, this is the nuclear rat. (More in Part III).

By D. Sherman Okst

Bernardston MA USA
davossherman @ gmail.com

I'm an ex-airline captain with about 15,000 hours and am amazed at all the BS we are taught. Most of my friends still in the business were also taught the wrong aerodynamic principles with respect to what makes planes fly. Aviation or economics, Keynes to Austrian - Bernulli to Newton we've been sold bad goods. It's amazing anything works as backwards as we do things.

© 2010 Copyright  D. Sherman Okst - Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife