Tuesday, December 8, 2009
Top ten reasons why this ends in tears or (hopefully not)fireworks
Here's tonight's top ten list let's go.
Thank you so much Paul, here to present tonight's top ten list please welcome Chicago's very own Anonymous Monetarist ladies and gentlemen.
Can I call you Money?
Quick question, will the market go up or down?
OK Money, why is he out here Paul?
Top ten, he's reading the top ten, what is the topic?
Pardon me Money, category.. top ten reasons why this ends in tears or (hopefully not)fireworks ... sounds like my personal life. OK here we go ... Number 10.
Nancy Capitalists in a Sovereign Democracy that are Hell Bent to Seek Rent.
How about that? Number 9.
Although we walk through the Valley of Debt we fear 'No Easing'.
Now there's a reason...Number 8.
Socialized Guts will lead to diminished glories.
OK ... Number 7.
Failure to liquidate the insolvent banksters has led to the liquidation of a large part of the productive economy.A taxpayer financed bailout of rich folks' bad speculative bets has resulted in zombie banks and zombie customers... a fiscal tide that lifts no boats.
Uh-huh ... Number 6.
The cold hard fact of our age is that the bankrupt ideology of the rich that had greatly succeeded in drafting the inner monologue of regular folks so that they would vote against their self-interests is colliding head-on with a Mr. Market that is a bit pissed off that we've inflated it out of the business cycle for the last quarter century.
Whoa... let me guess Money you don't get invited out much do you?
Only if I bring the liquor Dave.
Heh heh OK that makes sense ... Number 5.
Mr. Hand's strong dollar policy is the chimera of currency debasement masquerading as America's wealth exporting machine that is regularly promulgated by our leaders as an exceptional example of America's resiliency.
Whew... you must have to bring top shelf. Did that make sense to you Paul?
It's heavy man, heavy...
Yes Virginia, there is no collateral.
Leno is on at 9.
What! What! How did that one get in there? OK Number 2.
Employment, inflation, productivity, GDP, and other sundry stats are massaged into irrelevance ... the markets are rigged.
Rigged? What does that mean Money?
The government is 'all in' and can't pull out.
Whoa! Good thing this is late night Paul.
And the number one reason why this ends in tears or (hopefully not)in fireworks?
After World War 2, our blessed leaders, impressed by German 'organizational' skills crafted a policy of manufacture of consent.Over time these techniques moved to the economic realm in an attempt to manufacture content.Federales now risk the manufacture of contempt, for it is only a Great Depression if they say it is.
Anonymous Monetarist ladies and gentleman!