The soul has greater need of the ideal than the real for it is by the real that we exist, it is by the ideal that we live

Tuesday, September 16, 2008

What did I tell you?

A year ago I said that we needed to watch what George Bush was doing. That he was holding up his left hand and saying "Look at what we're doing for you here!" and I distinctly recall saying that we needed to find out what he was doing with the right hand.

Well we found out yesterday didn't we?

I also mentioned that they were sacking the treasury.

Where are the regulatory mechanisms that already exist? What was done to prevent the Compliance people from doing their jobs. I assure you that something was done that circumvented their authority. Today I heard someone say that the system was irreparably broken and couldn't keep up with today's electronic economy.

Bullshit!

The policies, which I guarantee you were well thought out and created to be implemented at a moments notice, were and are easily applicable to the electronic age. Nothing to it. They existed when I was a Compliance Officer and they exist today, they've either been weakened or ignored. And they can absolutely be applied to any Securities transaction regardless of the manner in which it's processed.

Something was done to either weaken the authority of the regulatory system, or it was bypassed in some barely legal way that, when and if, investigated will show that someone wasn't quite truthful in their manner of explicating their plans. I'd like to know who's running the SEC, and the NASD and what they've been up to these last eight years.

We're in more trouble than we know my friends. As we all know what they tell us is merely what they have to because we can tell something is wrong. But the full scope of all this? We may never know.

I do assure you however, that we'll have to pay for it. The Fed has promised 50 Billion Dollars in assistance to the financial system. Where praytell is this money coming from? You and me I guarantee you that. That and our grandchildren because we do not have it. Where does it come from?

Are they putting it on the great Mastercard in the sky? I can't think of any other way? Are they borrowing it from China? That'd be smart, sell the Chinese our financial system. We'd better figure out what they're doing, cause they're on the way out and they do not care.

Kanye West (nutbag) said after Katrina the George Bush didn't care about black people. Black people?!?!?! He doesn't care about anyone?

If his God truly did want George W. Bush to be President of the United States, then his God wanted to United States to fall.

Does all this sound like a conspiracy to you? Does it sound like someone has conspired to run things to ground in the name of whatever they find holy? I'm not much of a conspiracy theorist, but the more I write here the more I have to wonder what exactly is going on.

This can be a moment for the Democrats to take the advantage and get the upper hand in this election. What are we spending on the War in Iraq? 10-12 Billion a month? Well, guess where the money to bail out the financial system would come from? That imaginary money we print to spend in Iraq, where else?

McCain said yesterday that the fundamentals of the economy are sound. Is that the Zoloft talking? Is he kidding? Is he talking about his own economy? Cause I believe his is in pretty good shape?

Lehman Brothers WAS the insurance policy for banks, brokerages, and big money the world over. They're the insurance policy against failure for all the big guys. AND THEY FAILED!

Would you be nervous if State Farm or Allstate closed their doors tomorrow? Would you be wondering if American Family and Progressive were next and what you'd for insurance then? You'd better be.

Imagine how the world's largest brokerages and banks are thinking right this minute knowing they no longer have any insurance against failure? The FDIC can't cover everyone. And they only cover individuals up to 100k. If you've got more than that in any one account, too bad my friend.

The economic system of this country is being dismantled right before our eyes and we're truly powerless to stop it. But we'll end up paying the price I assure you.

Herbert Hoover said: "When there is a lack of honor in government, the morals of the whole people are poisoned."

He wasn't altogether stupid was he?

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