I watched a felony the other day, I did nothing to stop it, and I’m not ashamed. I was standing in line at the supermarket generally bored like everybody else when I noticed a guy come up to a girl in the line. They were both in their early twenties, he was drinking a big soda through a straw and acting very nonchalant, he talked to her for a minute and they both looked around, then he walked off. But he didn’t walk off like he had anything to do, he just kind of kept walking around the front of the store.
They were both acting suspiciously un-suspicious so they caught my attention.
The girlfriend kept looking around, and over at him, but I noticed she didn’t have any groceries. I thought that was a bit odd, but sometimes people just buy cigarettes. When she got to the checker she asked for BART tickets. I didn’t know you could buy BART tickets at supermarkets. Then she surprised me by handing the clerk a bright shiny $100 bill.
Nobody but me carries cash anymore and these folks didn’t look like the kind of people who walk around with $100 bills in their pockets. I was about 10-15 feet away, but the color of the bill caught my eye.
“That’s a counterfeit bill”, I thought. This will be interesting.
The checker took the bill and ran a gold pen over it. The bill passed and she gave the girl $100 in BART tickets.
I was still suspicious but figured the checker had done her store approved counterfeit test so I didn’t say anything. The girl joined her boyfriend and they quickly walked out together.
Then I put 2+2+2 together. The pen only checks if the paper is good. Currency is printed on linen, not paper. What they had done was ‘wash’ a $1 bill and then use a really good printer to print a $100 bill on top. The clerk needed to look for the $100 stripe in the paper. No wonder the guy was avoiding being around her, he could run back to the apartment and destroy the evidence if something went wrong. The reason they bought BART tickets is they are as good as cash. Smart move.
I thought of turning them in, but then I remembered the Federal Reserve is printing $85 billion per month and handing it to rich people. It’s called ‘Quantitative Easing’, it’s sold to Americans as a cure for the perpetual recession we’ve found ourselves in. It’s the height of trickle down economics, hand the money to the rich and it will trickle down to the poor. Except the rich are just pocketing the money.
They try and confuse people with Central Bank terminology and claim people just aren’t smart enough to understand what they’re talking about.
“We’re just adding reserves, and buying bonds, we’re not really printing money”.
Here’s their own confession that they’re printing money:
http://research.stlouisfed.org/fred2/series/BASE/
What’s really happening is the Fed is printing money, buying bonds far above market rates (i.e. paying more than they should), essentially handing $85 billion per month to Goldman Sachs and 20 other monster banks and saying “Trickle this down”. Goldman’s goal is not to help the economy, it’s to get big bonuses for themselves and to help their allies. So they don’t loan it to the Joe America, he’s already up to his eyeballs in debt and doesn’t want any more, Goldman buys stocks and loans the remainder to their hedge fund buddies. The hedge funds then take that money and buy stocks with it too, they know another $85 billion is coming next month and stocks will go up again, so they can’t lose.
Sometimes the hedge funds, like Blackrock, take that free money and go out and buy homes defaulted on by Joe America, and then rent these homes back to him. So they’re buying up all the real estate and the stocks and bonds with this flood of money, they own everything.
Meanwhile, Joe America who saved his hard earned money and one day hoped to buy a house, is in a bidding war he can’t win with the hedge funds and their dump trucks of money. Joe America is also trying to start businesses, but if you’re a big corporation and your stock prices is getting goosed by the hedge funds, you cannot fail, and like a big fat tree who’s roots have wrapped around a broken water main, you crowd out all the sunlight for others. To top it off they think they’re all geniuses and that their gains are coming by cutting even more wages and benefits, not from printing money. The middle class can’t win.
The stock market is at all-time highs, the junk bond market is thriving, the real estate market is back bubbling again, but we still can’t create any jobs, everybody’s on food stamps, and young people are living at home with their parents. The head of the largest bond fund in the world who understands what’s going on says "The new American dream is to move out of your parent’s basement and rent a house from Blackrock".
We have been taught since the 1930’s that the worst thing in the world is a Depression. Deflation, where prices keep dropping. But really it’s just the stupid people who've made bad investments failing and defaulting their debts. It has a cascading effect where everybody defaults and it levels out the playing field again. Finally the wise and prudent are rewarded and the economy can grow again.
There’s nothing wrong with defaulting your debts. People like to say ‘You made a deal, you have to pay your debts’. But what about the other side of the deal, if a rich person is stupid enough to loan money to illegal aliens to buy big houses and big pickups, shouldn’t he lose out when the guy just gives up and disappears? After all, that’s a free market, right?
“No”, said George Bush and Barack Obama, the rich should not pay for their mistakes, we need them to trickle down on the rest of us. So they’ve bailed out the rich and distract everyone with tax cuts and tax increases and health care drama.
A myth was created about the Great Depression, that it was solved by Roosevelt or that it was solved by WWII. But really it was solved by the last person defaulting on their debts and then the economy could grow again. Roosevelt’s actions may have actually extended the Depression by slowing down the defaults. WWII just happened to coincide with the last person defaulting and huge inflation from the war.
What’s happening now is that debt to GDP levels today (360%) are higher than they were in 1929 (270%) and the economy can’t take anymore. The Federal Reserve is trying to inflate away the debt by buying it all up, but there so much they can’t, they probably need to print another few trillion dollars before we see meaningful inflation.
But here’s the thing, everybody didn’t die in the Depression. Every American has seen this famous Depression era picture of the mother with her children in a migrant workers camp worried to about what the future holds.
You might be shocked to learn that woman has a name, Florence Owens Thompson, and not only didn’t her family starve to death, she lived to be 80 years old, and those kids survived too, in sunny California no less. The Depression steeled what was rightfully called ‘The Greatest Generation’ for the future. They knew how to work hard and appreciate what they had. The Banksters don’t work at all and act like they’re doing the rest of us a favor by stealing our money and our homes.
So what’s wrong with Joe and Jane America printing a little of their own money and getting $100 worth of BART tickets from a big corporation who’s CEO makes millions of dollars from hedge fund driven stock gains?
Go in peace Joe and Jane America.
Oh, and by the way, you’re going to need to print eight-hundred and fifty million more of those every month just to stay even.
They were both acting suspiciously un-suspicious so they caught my attention.
The girlfriend kept looking around, and over at him, but I noticed she didn’t have any groceries. I thought that was a bit odd, but sometimes people just buy cigarettes. When she got to the checker she asked for BART tickets. I didn’t know you could buy BART tickets at supermarkets. Then she surprised me by handing the clerk a bright shiny $100 bill.
Nobody but me carries cash anymore and these folks didn’t look like the kind of people who walk around with $100 bills in their pockets. I was about 10-15 feet away, but the color of the bill caught my eye.
“That’s a counterfeit bill”, I thought. This will be interesting.
The checker took the bill and ran a gold pen over it. The bill passed and she gave the girl $100 in BART tickets.
I was still suspicious but figured the checker had done her store approved counterfeit test so I didn’t say anything. The girl joined her boyfriend and they quickly walked out together.
Then I put 2+2+2 together. The pen only checks if the paper is good. Currency is printed on linen, not paper. What they had done was ‘wash’ a $1 bill and then use a really good printer to print a $100 bill on top. The clerk needed to look for the $100 stripe in the paper. No wonder the guy was avoiding being around her, he could run back to the apartment and destroy the evidence if something went wrong. The reason they bought BART tickets is they are as good as cash. Smart move.
I thought of turning them in, but then I remembered the Federal Reserve is printing $85 billion per month and handing it to rich people. It’s called ‘Quantitative Easing’, it’s sold to Americans as a cure for the perpetual recession we’ve found ourselves in. It’s the height of trickle down economics, hand the money to the rich and it will trickle down to the poor. Except the rich are just pocketing the money.
They try and confuse people with Central Bank terminology and claim people just aren’t smart enough to understand what they’re talking about.
“We’re just adding reserves, and buying bonds, we’re not really printing money”.
Here’s their own confession that they’re printing money:
http://research.stlouisfed.org/fred2/series/BASE/
What’s really happening is the Fed is printing money, buying bonds far above market rates (i.e. paying more than they should), essentially handing $85 billion per month to Goldman Sachs and 20 other monster banks and saying “Trickle this down”. Goldman’s goal is not to help the economy, it’s to get big bonuses for themselves and to help their allies. So they don’t loan it to the Joe America, he’s already up to his eyeballs in debt and doesn’t want any more, Goldman buys stocks and loans the remainder to their hedge fund buddies. The hedge funds then take that money and buy stocks with it too, they know another $85 billion is coming next month and stocks will go up again, so they can’t lose.
Sometimes the hedge funds, like Blackrock, take that free money and go out and buy homes defaulted on by Joe America, and then rent these homes back to him. So they’re buying up all the real estate and the stocks and bonds with this flood of money, they own everything.
Meanwhile, Joe America who saved his hard earned money and one day hoped to buy a house, is in a bidding war he can’t win with the hedge funds and their dump trucks of money. Joe America is also trying to start businesses, but if you’re a big corporation and your stock prices is getting goosed by the hedge funds, you cannot fail, and like a big fat tree who’s roots have wrapped around a broken water main, you crowd out all the sunlight for others. To top it off they think they’re all geniuses and that their gains are coming by cutting even more wages and benefits, not from printing money. The middle class can’t win.
The stock market is at all-time highs, the junk bond market is thriving, the real estate market is back bubbling again, but we still can’t create any jobs, everybody’s on food stamps, and young people are living at home with their parents. The head of the largest bond fund in the world who understands what’s going on says "The new American dream is to move out of your parent’s basement and rent a house from Blackrock".
We have been taught since the 1930’s that the worst thing in the world is a Depression. Deflation, where prices keep dropping. But really it’s just the stupid people who've made bad investments failing and defaulting their debts. It has a cascading effect where everybody defaults and it levels out the playing field again. Finally the wise and prudent are rewarded and the economy can grow again.
There’s nothing wrong with defaulting your debts. People like to say ‘You made a deal, you have to pay your debts’. But what about the other side of the deal, if a rich person is stupid enough to loan money to illegal aliens to buy big houses and big pickups, shouldn’t he lose out when the guy just gives up and disappears? After all, that’s a free market, right?
“No”, said George Bush and Barack Obama, the rich should not pay for their mistakes, we need them to trickle down on the rest of us. So they’ve bailed out the rich and distract everyone with tax cuts and tax increases and health care drama.
A myth was created about the Great Depression, that it was solved by Roosevelt or that it was solved by WWII. But really it was solved by the last person defaulting on their debts and then the economy could grow again. Roosevelt’s actions may have actually extended the Depression by slowing down the defaults. WWII just happened to coincide with the last person defaulting and huge inflation from the war.
What’s happening now is that debt to GDP levels today (360%) are higher than they were in 1929 (270%) and the economy can’t take anymore. The Federal Reserve is trying to inflate away the debt by buying it all up, but there so much they can’t, they probably need to print another few trillion dollars before we see meaningful inflation.
But here’s the thing, everybody didn’t die in the Depression. Every American has seen this famous Depression era picture of the mother with her children in a migrant workers camp worried to about what the future holds.
You might be shocked to learn that woman has a name, Florence Owens Thompson, and not only didn’t her family starve to death, she lived to be 80 years old, and those kids survived too, in sunny California no less. The Depression steeled what was rightfully called ‘The Greatest Generation’ for the future. They knew how to work hard and appreciate what they had. The Banksters don’t work at all and act like they’re doing the rest of us a favor by stealing our money and our homes.
So what’s wrong with Joe and Jane America printing a little of their own money and getting $100 worth of BART tickets from a big corporation who’s CEO makes millions of dollars from hedge fund driven stock gains?
Go in peace Joe and Jane America.
Oh, and by the way, you’re going to need to print eight-hundred and fifty million more of those every month just to stay even.
No comments:
Post a Comment