Mrcauser’s Weblog

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How are we going to spend $9.61 a week?…

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$500 a year in stimulus. Yea baby. Wow we’re rich. (right!) And bankers get millions. So does the criminals in ACORN who stuffed all those ballot boxes.

Wait til the next bailout. Yes we will need more. The Chinese are going to go broke and sell our bonds. Yes they will!

But expect another boom to come and then crash as my generation retires.

yes it will!

Read this and see what you think:

LewRockwell.com Blog: Keynesianism Is So Dumb

Keynesianism Is So Dumb
Posted by Lew Rockwell at February 9, 2009 07:15 PM

I am listening to Boring Barack’s economic plan, and thinking that Keynesianism, shorn of mathematics and academic jargon, even sounds stupid: print trillions in paper money, bail-out loser firms and banks, spend massively on political projects, and grow rich.

There was one fun moment when Obama noted that he was shocked that some people (get ready for the outrage) question the efficacy of FDR’s New Deal, a battle he thought had been won long ago.

Nope!

Financial Coup d’Etat at The Catherine Austin Fitts Blog

I described a meeting that had occurred in April 1997, more than four years before that day in London. I had given a presentation to a distinguished group of U.S. pension fund leaders on the extraordinary opportunity to reengineer the U.S. federal budget. I presented our estimate that the prior year’s federal investment in the Philadelphia, Pennsylvania area had a negative return on investment.

We presented that it was possible to finance places with private equity and reengineer the government investment to a positive return and, as a result, generate significant capital gains. Hence, it was possible to use U.S. pension funds to significantly increase retirees’ retirement security by successfully investing in American communities, small business and farms — all in a manner that would reduce debt, improve skills, and create jobs.

The response from the pension fund investors to this analysis was quite positive until the President of the CalPERS pension fund — the largest in the country — said, “You don’t understand. It’s too late. They have given up on the country. They are moving all the money out in the fall [of 1997]. They are moving it to Asia.”

Sure enough, that fall, significant amounts of moneys started leaving the US, including illegally. Over $4 trillion went missing from the US government. No one seemed to notice. Misled into thinking we were in a boom economy by a fraudulent debt bubble engineered with force and intention from the highest levels of the financial system, Americans were engaging in an orgy of consumption that was liquidating the real financial equity we needed urgently to reposition ourselves for the times ahead.

The mood that afternoon in London was quite sober. The question hung in the air, unspoken: once the bubble was over, was the time coming when we, too, would be “de-modernized?”

In 2009 — more than seven years later — this is a question that many of us are asking ourselves.

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Written by mrcauser

February 10, 2009 at 10:08 pm

Posted in Uncategorized

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