Finally, We Learn Who Strongarmed Bernanke

October 3, 2007

Elaine Meinel Supkis

Well, well, well. We finally learn some of the names of the gang that went to Uncle Bernie's house to twist the Fed Chief's arms so he would give them their Christmas Gifts early! I think it is time to make fun of some more speculators and investment funds. I hope their lawyers don't attack but then, what else can they do? And the media is filled with stories trying to explain FOREX reserves and how magical they can be since the US and Europe can simply make them up unlike China, Japan and Russia! Right, I say. Like we make up the interest rate without considering the facts of real inflation.

From Bloomberg via several of our wonderful readers:

The Federal Reserve's Aug. 7 decision to keep interest rates unchanged set off a chain of high-level discussions with Wall Street executives, money managers and cabinet officials that culminated in Chairman Ben S. Bernanke's public about-face 10 days later, according to records of his schedule.

Starting with a phone call from former Treasury Secretary Robert Rubin the day after the August rate meeting, Bernanke's appointments included Lewis Ranieri, founder of Hyperion Capital Management Inc., and Raymond Dalio, president of Bridgewater Associates.

As usual, I don't just read the news, I look under the table and into the kitchen. So in this news tidbit, we FINALLY learn some of the names of the army of shrieking speculators and careless investing houses who ran over to Bernanke and gave him a lobotomy as well as slitting the throats of his little doggies, too. And they also slashed his tires and shoved his grandmother off the end of the warf and stomped on his grandchildren's toes. They got him to throw the dollar under the bus, to kill savers and to increase inflation and in general, join them in totally misbehaving. Wonderful. This news article doesn't give me ALL the names of the creeps and criminals who came storming into Bernanke's house, knocking down the front door, trampling the lawn and tipping over the dining room table as they stormed about with Cramer leading them screaming, 'There is BLOOD on the streets! My friends are losing their JOBS!'

Sigh. Arrest them all. How dare they do this? If the Fed did something sane and had good reasons, it would do several things. One is, stop the trade deficits. The other, stop the budget deficits. And raise interest rates so people stop handing over their life savings to a bunch of screaming speculators who take a fairly big percentage for themselves, and instead, we could all save money in a thing called 'Banks'. Like in the last several hundred years, that institution that painfully grew over the centuries.

So, time to visit the caves where these creatures dwell. Starting with Bridgewater. Bridgewater's philosophy:

Each investment manager has one best way of producing alpha. Pure Alpha® is Bridgewater's best way, as it represents all of Bridgewater's active management capabilities combined into a single, highly diversified alpha strategy. The strategy incorporates all of the proprietary fixed income, currency, equity and commodity trading strategies we have developed over the course of 30 years into one diversified alpha engine.

First: no one may use the words 'Pure Alpha' or lawyers will sue. But they can't stop me from calling them 'Pure Assholes.' Or maybe they will try to stop me. I know that there lurks lawyers all over the place. I used to have a very high Google profile and was often on Page One but now they have hidden me from view which is classic: I get censored by powerful people who are frightened of what I say. This is why I am at a 'pay to host' site instead of the freebie sites.

Well, back to water under the Bridgewater: their fabulous copywritten schemes for making lots of money have fallen off a cliff, at least in August. These strong arm goons evidently are on of the top 'managers of global inflation-indexed bonds'. Evidently, these 'indexed bonds' are supposed to make them "an excellent source of diversification" according to the geniuses running Bridgewater. Of course, if you can strongarm the top chief in charge of the entire currency/banking system to do what you demand, making profits is a piece of cake. Simple as baking a pie! As easy as a Mafia boss strongarming someone who won't cough up some cash!

Also, Bridgewater boasts that they were the creators, the ones who the US Treasury consulted when these stupid inflation-indexed bonds were hatched ten years ago! 'Yo, Tony, pass the cannola and tell us how you want them inflation-indexed bonds made so we can make our percentage, eh?' says Godfather Bridgewater. The Godfather feels bad about twisting Bernie's arms off. 'Throw that bastard a few dimes so he can get the doc to put them arms in casts, OK? And make sure he can still sign his name, Tony,' says the kindly ruler of the Underworld.

Bridgewater also does capital flows, indebtedness and also identifies country and currency mispricings. 'Tony, Mario! Them dollars are mispriced! Go whack Bernie's knees with a baseball bat. Tell that bastard, he better be my bambino or he will be snuffed. Got that? Snuffed.' 'Sure, boss,' says the enablers as the finish off their spaghetti and balls and head out the door.

You know, Bridgewater should hire me. I know a lot about 'currency mispricings'! I also know how to strongarm people. This means grabbing them and throwing them across the desk while twisting their arm behind their backs while snarling, 'My boss doesn't like it when you don't do as he says.' But then, I am getting old. Maybe too old for Bridgewater. I can't say they strongarmed anyone. It is just very peculiar that their phone calls would motivate Bernie to sing a different tune. What on earth did these guys say?

'HEEEELLLLPPP BERRRRRNIEEEEE!' Did they cry? Did they sob that their evaluations of currency mispricings were not working? Eh? They could read my news service. Save them a lot of headaches. I said months ago, the yen would go up because China wanted it to rise. But they don't read me (yet). If they were smart instead of helpless, they would have bet against the dollar and for inflation! Then they would have made oodles of money like Russia. Putin is very happy, his FOREX reserves grow and grow. Maybe they should hire him after they hire me! Wealth will pour into their dark little boxes!

The web page run by Bridgewater and their Alpha Puke organization (note to lawyers with Bridgewater: I am not infringing on your patent here, hahaha....parodies are still legal) is pretty pathetic. They make money by being top money makers and since they know the phone number and address of poor old Bernie, they can guarantee they will make more and more money or Bernie's fingernails will be pulled with pliers. So enough with this particular gang of movers and shakers, on to Hyperion! Here is Hyperion Brookfield:

These pictures are from their prospectus. Note that they are financial wizards working for retirement funds and other 'fixed' incomes. Of course, they get a percentage. Click on all the images to enlarge.

According to them, the economy was 'steady.' So why did they call on Bernie and order him at gunpoint to drop interest rates? Anyone saving money would have saluted Bernanke for doing this. But none of the money making wizards wanted this simple solution to saving money, ie; paying for it above the rate of real inflation. NO! Sehr verboten!

The little chart here shows that Hyperion is aware that there is unrest below the surface. The graph shows a big increase in uncertainty and outright fear.

Note this graph that shows a big off the cliff moment in housing. Everyone instinctively knows that if you want to sell houses, just have super-low interest rates. The lowest are teaser rates attached to higher rates down the road. They want a world where everyone buys via credit card terms. I got one in the mail yesterday offering 0% interest for six months and then, if I am slightly late in paying on it, they can hammer me at 29% per annum. A sweet deal for them. The chances of me making a mistake in the next two years is rather high. All I need is to be stuck at home in a blizzard and to have all mail service out here stop for three days when the credit bill is due and bang! 30% a year! No thank you.

Running house mortgages this way is pure insanity. Therefore, it is ending brutally. And this is why rates have to be so low, no one will save a plugged nickel: this forces everyone to bankroll debt schemes that are totally cockeyed and utterly risky!

Look at those spreads! 800 basis points over prime for the B rated loans? That means, if Bernie kept the rates at over 5%, it would be 13%. Credit card rates for housing.

These figures show the near-Mafia level of lending: very high risk, very high rates and lots of good times with bankruptcies. The Mafia can do this because they have 'collection agents' who use strong arm tactics. 2,000 pts difference? HAHAHA. Yo, Tony, get that baseball bat out!

From Bloomberg:

Fitch Ratings cut the credit ratings of $18.4 billion of bonds backed by subprime mortgages issued last year, citing an increased risk of default after an ``unprecedented'' slump in home prices.

The downgrades of the 1,003 bond classes represent 11 percent of the entire $173 billion of securities from 2006 that were rated by Fitch, the company said today in a statement. Fitch reduced ratings on $6.6 billion of bonds backed by second- lien subprime mortgages.

OK: 1003 bonds were bad puppies? Like 1001 dalmations for Cruella's fur coat, these pups are being skinned or rather, the investors holding them are being skinned alive. What this tidbit of news means is, $173 billion in securities have been decimated. In ancient Rome, if the military disobeyed orders and broke ranks during battle, the offending group would be 'decimated': every tenth soldier would be executed. Of course, the decimation of these securities is woefully late. Someone was asleep at the wheel. We have known these things were lousy for months now.

But better late than never! The problem is, these insecure securities were all peddled as non-risky! The entire work force for the speculators were all out there, yelling how risk had been defeated by superior thinking, great computer programs and years of teaching monetarism in colleges! We would simply go from one money making enterprise to another without producing anything exportable except for pieces of paper with lots of numbers on them!

Like in all speculative bubble breaks, this one is pretty obvious in retrospect. But while it was running, everyone at the top was convinced, they found a perfect nostrum for the ups and downs of risky investments. And thus, the high ratings for very stinky securities.

From Bloomberg:

U.S. service industries continued to grow in September, easing concerns that the worsening housing slump will end the six-year expansion.

The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90 percent of the economy, fell to 54.8 from 55.8 the previous month. Anything greater than 50 indicates growth; economists anticipated the Tempe, Arizona-based group would report a reading of 54.6.

We are going to service each other to death. None of this is exportable or fixes the fix we are in. The fact that it is...wait! Whoa! It is 'growing' but the 'growing' isn't 'growing' at all, it is 'shrinking'. Namely, the growth is getting less and less each month. This is good news? Someone tell Tony to get out his baseball bat and kneecap someone involved in passing on fake good news! This is, sorry to say, BAD NEWS.

Beyond this bad, bad news is bad, bad, bad, bad, BAD news: 90% of our economy is service related??? This, alone, is what is terribly wrong with everything. Are we nuts? Do we really think this is sustainable with nearly a trillion a year in trade deficits? The headlines should be rewritten. And someone should tell Hyperion the bad news: the economy is NOT in fair shape, it is dying, it is in very bad shape.

More startling numbers from Bloomberg:

A measure of prices paid rose to 66.1 from 58.6.

I better call old Bernie and warn him, INFLATION IS HERE. We are seeing a lot of inflation. I see inflation every time I buy food, fuel, medical care and just stuff in general. How dare anyone claim there is no inflation? And what is the cure for all this? A stronger dollar? To strengthen the dollar, all we have to do is....RAISE INTEREST RATES! Bingo. And this is the last thing the Pure Assholes and the Hyper Hounds want. They want LOWER RATES. And who won this tug of war?

Lower rates, of course.

From Forbes:

Despite increasingly grim economic news, American consumers continued spending in August. What was especially surprising was that they did so while earning less – a pattern that is not sustainable and that may reflect inflationary pressures in the U.S. economy.

The Commerce Department reported on Friday that personal income rose 0.3% last month, a decrease from the 0.5% rate in July, while consumer spending rose 0.6% in August. Spending was expected to increase 0.4%.

People don't spend more than they have unless they must. In August, they had to spend more on things like food, fuel, medicine, etc. I know I had to! So, the rate of income increase is dropping faster than the need to spend money? This is, yet again, bad, bad news. Bernanke should realize this. Of course, increasing interest rates while NOT doing a thing about what is causing inflation, hurts consumers. We are truly between a rock and a very hard place here.

From Market Oracle:

But now, with the dollar crash gaining momentum, some on Wall Street are finally beginning to see the light. And the press has even started to recognize some of the other voices now warning about this disaster.

Last week, for example, the New York Times published a stinging editorial by Morgan Stanley's Asia Chairman, Stephen S. Roach. His main point: So far, the dollar decline has been orderly. Now, however, “ the possibility of a disorderly correction is rising with potentially grave consequences .”

Translation: A sudden, devastating global crash in the value of the U.S. dollar, launching the value of foreign currencies like a rocket. His reasons: A series of massively powerful phenomena that have been building up for many years and are just now beginning to burst onto the scene ...

The Asian branch of Morgan Stanley probably just got back from a meeting with the Dragon who has been crystal clear about what our choices are and our options will be. Mr. Roach has a fairly good idea who the banker of the planet is and he is listening. Morgan Stanley always listens. Mr. Roach even sounds like he is echoing the Chinese word for word. They have this thing about 'disorderly' whatever. And they often talk about 'grave consequences.'

A trillion dollars raining down on the earth's banking system will certainly make for some hyper-fluidity. A veritable Noah's financial flood. On top of this, today the G7 dwaves attacked the Dragon yet again. I said before, if they do this, they will suddenly find a reptilian clawed paw wrapped around the world's banking system's throat and it will squeeze again. I will note here that Japan was silent when the G7 dwarves yapped about forcing the yuan higher.

From Bloomberg:

Deutsche Bank AG, Germany's biggest bank, said third-quarter profit rose at least 13 percent as gains from tax credits and asset sales helped offset writedowns on fixed- income securities and loans used for leveraged buyouts.

Net income surpassed 1.4 billion euros, Deutsche Bank said in a statement today, up from 1.24 billion euros a year earlier. Analysts had expected profit would fall after Chief Executive Officer Josef Ackermann said last month that ``mistakes'' during the busiest-ever period for LBOs would hurt results.

If none of us paid taxes, we would all make money. And of course, the 'asset sales' were a form of throwing stuff overboard to keep the Titanic from listing so hard to port. This is also a 'one time' profit that won't make profits in the future. If they sold all their assets, they would have 'profits' but no bank. Ahem.

From Reuters:

The numbers of millionaire households globally grew by 14 percent in 2006 from 2005 and now control a third of the estimated $100 trillion in wealth, a new study by Boston Consulting Group released on Tuesday found.

These 9.6 million families, comprising 0.7 percent of world's households, now control some $33.2 trillion, the BCG study found. About half are located in the United States and Canada, a quarter in Europe and a fifth in the Asia-Pacific region, it said.

The rise in the number of US millionaires has to be offset by the decline in the dollar's value. And how many of these are people who own houses worth $600,000? This is about 1000 square feet in Manhattan, by the way. If it is a non-prime location. To own a pied-a-terrace on the Upper Eastside costs well over $3 million. But it is certainly true that the vast majority of the world's wealth is concentrated in few hands! And of that $100 trillion in wealth, we mustn't forget to deduct the $44 trillion in debts!

Many rich people are deep in debt. A lot of speculators use 'leverage' to make money. So the race between debt-loaded wealth and sovereign wealth is causing...inflation. Yes, inflation. The rich bid up the price of art works and some use loans set up by the auction houses. The multi-million dollar houses on Long Island or apartments in Manhattan are deep in debt. Debt is wealth in today's world. But then, this is how money is created: it is a fiction afixed to objects that are then bid up in price by reckless speculators.

From the Washington Times:

Chinese company with ties to Beijing's military and past links to Saddam Hussein's army in Iraq and the Taliban will gain access to U.S. defense-network technology under a proposed merger, Pentagon officials say.

Huawei Technologies will merge with the Massachusetts-based 3Com network-equipment manufacturer in a deal announced last week. Huawei has been linked to the U.N. oil-for-food scandal, which involved millions of dollars in payoffs to Saddam's regime during a time of U.N. sanctions.

Our rulers will nix this deal. But then, eventually we must do business with the Dragon. Hu dryly told Bush recently that China wants to buy many things in America and if we want balanced trade, we need to sell the Chinese something they want. They won't take a chest full of fake jewelry like the natives who sold Manhattan to the Dutch.

China isn't just buying up US military sensitive stuff. They are doing this all over the world. Dubai is doing this, too. And both the Muslims and the Chinese are seeking out choke points in the world's economy to park their money at these points and thus, control them. Like the Panama Canal. Various transportation points, computer systems, oil reserves, tracts of farmland, whatever they think will gain them an upper hand with us, this is interesting to them. And of course, if we have a 90% consumer economy and little to no industry, this is inevitable!

Someone should warn Bernanke about this. Hell, warn Congress. But then, Congress passed a health care bill for children and Bush vetoed it. But the votes for spending more on a hopeless occupation of Iraq, that got beyond full funding, it sailed through. Since we don't have the money for the military bills, this means we sell more bonds to China who will demand we sell them more things they want of our military/industrial complex.

Don’t Blame the Central Banks -- Thank Them
by Jeremy Siegel, Ph.D. for Yahoo Finance:

What's the Magic?

Why can central banks stop financial crises? Because they have a monopoly on the supply of the ultimate source of liquidity: the currency that forms the base of our monetary systems. "Liquidity" refers to an asset that can easily be transformed into purchasing power. And no asset that is better suited to that function than central bank money.

This is how central banks calmed the crisis. The first signs of disrupted markets appeared in August when the European Central Bank saw the interest rate at which banks were borrowing reserves from each other on the overnight market soar far above the rate that they had targeted in their monetary operations. This meant that the banks' demand for reserves had jumped beyond the supply that was available. The ECB then immediately bought securities, paying for them by crediting reserves to the banks. This increase in the supply of reserves pushed the rate back down to the ECB's target.

Where do the central banks get such reserves? They create them "at will" by either buying bonds, paying with newly-created reserves or loaning banks reserves against the banks' assets. Modern central banks do not require gold or silver to back the money they create; government securities, or just collateral from banks are all that is required.

HAHAHA. There are a number of readers of this news service who live in China. Hello! And I hope you all don't laugh to death reading this good professor's totally insane article. The G7 nations are deep in debt. 2/3rds of all world debt are theirs! And the #1 debtor nation is the good old USA. The world's top three FOREX reserves holders who hold OTHER NATION'S CURRENCIES are China, by far and away, then Japan who is one of the G7 and has a huge debt overhang, and Russia. They can't make dollars or euros out of thin air. They trade goods for them. And then use them in various ways that piss off the US and other G7 nations except for Japan who is excused for driving up the value of the euro so high, etc.

The G7 bankers who were forced by China to conjure up money last August out of thin air, I will note here that NO news stories actually tabulate the amount they created but I tracked whatever I could and it was very close to a trillion dollars by the middle of September! This causes INFLATION. Oops. But since our economy is dying, the price of manufactured goods are dropping since no one can sell at a profit except fo the oil pumping nations so...we have 'no inflation' even as inflation for things our nation buys from everyone like oil, rise. The trillion made out of thin air by the Europeans drove up the value of the euro for a very odd reason: they launched more euros and Asia snapped them up and put them in those huge FOREX reserves and then there is Russia who is maybe quite maliciously holding euros in its gigantic, over half a trillion, reserves! So the magic money flowed to odd places.

The holders of euros have driven up the value so high, it is scaring the Europeans. But this is a natural reaction to the loss of buying power of the dollar. Namely, anyone who wants to buy OIL first collects euros and then uses them! They are stable vis a vis, oil! So without anyone in power saying a thing, the actual currency used for oil is...the euro, not the dollar at all. The oil pumping nations all pretend it is otherwise in order to keep fooling Americans who think the world price of oil is going up and up and ditto, gold.

But this is illusionary. The price of gold is rising compared to all other currencies but not as steeply as we imagine. The US isn't producing all that much gold compared to South Africa or Russia, for example.

From Bloomberg:

Harmony Gold Mining Co., Africa's third-largest gold producer, said 3,200 workers are stuck more than a mile underground at its Elandsrand mine in South Africa after a falling pipe damaged the shaft.

A pipe broke from a column near the surface ``due to fatigue'' and plunged down the length of the 2,200-meter (1.4- mile) shaft, spokeswoman Amelia Soares said today. An adjacent shaft, used to transport waste, needs to be ``reconfigured'' to lift the miners to the surface, she said, without saying how long that will take.

Dear readers: I keep talking about magic of money. This is the underbelly of the Dark Cave: as the ancients believed, this is where the Giants and Dwarves toil. They make wealth out of hard-won labor deep in the bowels of the earth, in the dark, far below. This is true of coal mining, silver mining, diamond mining, everything. Some wealth is created in the sunshine like with farming. But all the mineral and gem wealth ends up coming out of the earth's bowels. If a land is 'new' like California was to modern civilization, gold is lying all about, easy to pick up. But once that is claimed, the burrowing into the deep earth commences.

And many, many people die or live lives of wretched misery, toiling in severe circumstances. The fair golden ring on one's finger is also the Ring of Doom. The gold mines of South Africa are deep pits just as the nearby diamond mines. One wonders how this happened, geologically speaking. When the earth was young, some very seriously hot forces were at work to forge such things. I might even suggest that when the earth was pelted by asteroids and the Moon was wrenched out of the earth by titanic forces ripping apart and then putting back together, this earth of ours, this gold and these diamonds were formed.

So when anyone talks about protecting their savings via gold, just remember: people are dying for this.

From Market Watch:

A report on big outflows and redemptions from hedge funds in July was wrong, according to TrimTabs Investment Research and the Barclay Group, the two firms that compiled the estimate.

Rather than a net $32 billion leaving hedge funds that month, $39.1 billion flowed into the business in July, the firms said on Wednesday. In August, TrimTabs and Barclay Group estimated $8.9 billion of inflows into the $1.9 trillion industry.

Hedge fund performance wilted toward the end of July and deteriorated further in August amid credit market turmoil. That sparked fears of big redemptions by some hedge fund investors.

Good grief. All the gold on earth can't equal the messy numbers coughed up by this army of hell hounds. How much of anything is anything? We can't tell? NO! We can't tell! All these numbers are just pure insanity. And people like myself struggle to make sense of the news and I have my calculator sitting by my side and it has huge numbers so I can read them easily and I can't keep up. No one can. And...this is why this hedge system set up in the last ten years is radical, dangerous and totally stupid. They have made things infinitely worse and near-impossible to grasp. So these stupid hedge funds went screaming to the central bankers for a trillion dollars and they had an extra $40 fucking billion in July? HUH?

I want my money back.

From Market Watch:

With stocks rallying to record highs at the outset of the fourth quarter, and signs of easier conditions in credit markets, a feeling of hope is sweeping Wall Street, suggesting that the worst of this summer's crisis is in the past.
*snip*
"Multibillion-dollar write-downs by some of the major global banks are being widely viewed as a sort of capitulation that all the bad news has been priced in, or at a minimum, that there is now more certainty over the extent of the losses," said David Rosenberg, chief economist at Merrill Lynch in a note.
The debate is still underway among investors about whether this is over or not. While there are signs that the credit crunch is easing, there are plenty of market observers who say the evidence, including a reduced appetite for junk bond dealsand what appears to be a permanently smaller commercial paper market, suggests the markets are not yet out of the woods.

Well, if money is all magical and the central banks only have to wave wands and it appears, magically, why bother with all this fussy numbers stuff and just give everyone a trillion dollars? Germany figured out how to do this back in 1923! And as for the idea that the bad news has been 'priced'---talk about a priceless lie! HAHAHA. Right! There is no such thing as an absolute value to anything. At the right time, like in a war, a pack of cigarettes can be worth a man's life. Gold can shoot up in value and then collapse. Tulip bulbs and become quite precious and then worthless. Beaver skins or osterich feathers can be important and then useless. In a flash, a fit of fashion!

The 'easing credit crunch' is due to Bernie's arm being twisted off by a gang of speculators screaming bloody murder. This isn't good news any more than the news that maybe 3,500 poor gold miners may be dying right now due to the very high temperatures where they labor so close to the more fluid parts of the earth's crust! We must pause and take into consideration the reality of human lives lost just like the horrible news in Burma with all those wonderful Buddhist priests massacred in cold blood by demented rulers seeking wealth and power: this is bad karma. Very bad karma.

And everyone playing the speculator games should consider how this might all end. As a humanist, I believe that is is always better to think about one's fellow humans first. For every life is precious. Everyone of them, great and small.

Culture of Life News Main Page

Comments

[PFO]

Hello Elaine,

I've hummed this tune on and off for the past 22 years:

http://jonimitchell.com/musician/song.cfm?id=DogEatDog

Dog Eat Dog
by Joni Mitchell

Dog Eat Dog
It's dog eat dog
I'm just waking up
The dove is in the dungeon
And the white washed hawks
pedal hate and call it love
Dog Eat Dog
Holy hope in the hands of
Snakebite evangelists and racketeers
And big wig financiers

Dog Eat Dog
On prime time crime the victim begs
Money is the road to justice
and power walks it on crooked legs
Prime Time Crime
Holy hope in the hands of
Snakebite evangelists and racketeers
and big wig financiers

Where the wealth's displayed
Thieves and sycophants parade
And where it's made
the slaves will be taken
Some are treated well
In these games of buy and sell
And some like poor beast
Are burdened down to breaking

Dog Eat Dog
It's dog eat dog ain't it Flim Flam man
Dog eat dog you can lie cheat skim scam
Beat' em any way you can
Dog eat Dog
You'll do well in this land of
Snakebite evangelists and racketeers
You could get to be
a big wig financier

Land of snap decisions
Land of short attention spans
Nothing is savored
Long enough to really understand
In every culture in decline
The watchful ones among the slaves
Know all that is genuine will be
Scorned and conned and cast away

Dog eat dog
People looking seeing nothing
Dog eat dog
People listening hearing nothing
Dog eat dog
People lusting loving nothing
Dog eat dog
People stroking touching nothing
Dog eat dog
Knowing nothing
Dog eat dog

Copyright © 1985; Crazy Crow Music

Kindest regards,
PFO

[Greg]

Someone should warn Bernanke about this. Hell, warn Congress. But then, Congress passed a health care bill for children and Bush vetoed it.

Elaine you keep saying stuff like this as if bernanke, Congress or anyone really gives a flying fuck about you, I or anyone else....THEY DONT!!!! so no point warning anyone, they dont care, if congress cared they'd impeach bush and cheney, if bernanke cared he'd let the markets correct as they should....NO ONE CARES ABOUT US!!! NO ONE!!!!

[Greg]

and maybe we should talk about the bilderbergs, CFR and TC.....

[Greg]

and why billions can be spent on war and murder but we find it abhorrent to provide universal healthcare and education.....CAUSE THEY DONT GIVE A FUCK ABOUT ANY OF US!!!!!!!!

im getting upset now sorry about that :)

[Not Student]

I think the Chinese might care about us if we threatened to nuke them. Hahahaha

[Ed]

Didn't Michael Jackson have song No One Cares About US that was subsequently edited because of the lines "do me, jew me" ?
Seriously though Elaine's analysis is correct, however nothing can really be done about it. This final debt bubble will end exactly like the South Seas, Tulip, Radio/Auto (1929), Internet, Housing with the subsequent Depression and World War much more devasting as nations fight for scraps of food and fuel.

[Blunt Force Trauma]

Aww, Greg. You stole my names list that was to go towards answering Elaine's quote; "This news article doesn't give me ALL the names of the creeps and criminals who came storming into Bernanke's house, knocking down the front door, trampling the lawn and tipping over the dining room table as they stormed about..."

Yes, the Bilderbergs, CFR and TC do come to mind.

[JSmith]

"NO ONE CARES ABOUT US!!! NO ONE!!!! THEY DONT GIVE A FUCK ABOUT ANY OF US!!!!!!!!"

At least one person around here knows what the score is.

[DeVaul]

Well, I was going to say that I refuse to believe that Bernanke has no idea what is going on or who really controls what, but it seems everyone else has already said that.

I will say this: no one put a gun to Bernanke's head and made him accept his new post. He dived for it after waiting many, many years. If he got his arm twisted, it is only because he forgot his place in the "scheme" of things (as the ancient nobility used to say and still do).

[PFO]

Hello Elaine,

The powers that be won't acknowledge we're at war, who cares? Each of us can do much to overcome the destructive actions of business and government:

If we want to stop the war next year
carpool with one.

If we want to stop the war this year
carpool with two.

If we want to stop the war next month
carpool with three!

a.) Sell the portfolio.
b.) Payoff all credit cards.
c.) Pay down the mortgage.
d.) Lay in a supply of bulk foods.
e.) Plant that victory garden.
f.) Make sure your family is strong.
g.) Walk down the street handing out $20
to people who look like they need it.
h.) Pray and fast for peace.

Kindest regards,
PFO

[John]

" But they can't stop me from calling them 'Pure Assholes.'"

BWA-HAHAHAHAHAHAHAHAHA...

Classic. Just classic. I love it!

[John]

"And both the Muslims and the Chinese are seeking out choke points in the world's economy to park their money at these points and thus, control them. Like the Panama Canal."

And who let control of the Panama Canal go? Who refused to renew the treaty we had the right to renew?

That's right: Jimmeh Cahtah. That useless waste of space of an ex-president.

Again: both sides are worthless.

[Elaine Meinel Supkis]

John, way back three months ago, I wrote about who built the Panama Canal. Guess who?

THE CHINESE. The guys who did the building were CHINESE. Many, many died. And how did we get ahold of the area of Panama?

Military action: the Spanish-American war. And how did that start?

The Maine blew up in Cuba and we blamed the Cubans. History is a total bitch.

[Jim]

WHAT makes all you smart-asses think the PTB don't know where this is all headed?
Bankrupt America? Sure! Ever heard of NAFTA, CAFTA, SPP, or the "AMERO"? They all spell the SHAFTA for your so-called freedom!
When dollars are worth NOTHING, the Amero will be phased in...just as the Constitution and your Bill of Rights disappear over the horizon into oblivion. Then all you righteous middle class pukes can take up living in your brand new cardboard shanty down by the tracks.
Betcha B-52 Bennie was bought by big banksters behind the Bushes!

[hdiroslb]

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