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Mike Krieger Asks The Logical Question: "How Long Until Obama Starts Writing Checks"?
From Mike Krieger of KAM LP
How Long Until Obama Starts Writing Checks?
Society in every state is a blessing, but government even in its best state is but a necessary evil in its worst state an intolerable one; for when we suffer, or are exposed to the same miseries by a government, which we might expect in a country without government, our calamities is heightened by reflecting that we furnish the means by which we suffer! Government, like dress, is the badge of lost innocence; the palaces of kings are built on the ruins of the bowers of paradise. For were the impulses of conscience clear, uniform, and irresistibly obeyed, man would need no other lawgiver; but that not being the case, he finds it necessary to surrender up a part of his property to furnish means for the protection of the rest; and this he is induced to do by the same prudence which in every other case advises him out of two evils to choose the least. Wherefore, security being the true design and end of government, it unanswerably follows that whatever form thereof appears most likely to ensure it to us, with the least expense and greatest benefit, is preferable to all others.
- Thomas Paine, Common Sense (1776)
Back to the Future: The “Stimulus” Act of Early 2008
Let’s all take a trip back to February 13th, 2008. Our war mongering 43rd President, George W. Bush, freaked out by the impact of the subprime crisis on the U.S. economy announced the now almost forgotten “Stimulus Act of 2008.” A big part of this typical Keynesian stimulus (remember Keynesianism is not a partisan thing it is a economic religion handed down by the Fed to both the Republican and Democratic establishment) was simply writing checks to people. At the time, I criticized it harshly and said it would lead to massive inflation. Guess what? Oil was trading at about $93/b and five months later it topped out at $147/b for a monster gain of 58%. Then all hell broke loose.
George W. Bush should actually be a hero for most of the fake liberals and fake progressives out there that just spout meaningless drivel about how things should be without ever bothering to look into and understand how the global financial system actually works. That would be too much work. It’s much easier to just be ignorant and support “your guy” as they county goes down in flames. The reason the fake liberals and progressives should love W so much is that at least he just wrote checks to average people. Obama is the biggest puppet of the banking oligarchs in American history. I mean this guy’s entire administration so far has revolved around printing money and handing it out, but rather than hand it out to the people he gave it all to the banks that cratered your children’s futures in the first place. Of course, in order to give away trillions to the financials oligarchs that should be in prisons as opposed to the petty dealers caught with dime bags that fill the prison you need to give the money away in secret. In comes the Federal Reserve. To make matters worse, after the Fed and Obama bailed out the banksters the next way to hand out money was defined in Jackson Hole Wyoming in August of last year where Banana Ben Bernanke laid out his plan for QE2. The unstated yet stated purpose of this policy was to juice the stock market. He has succeeded wildly in this manipulation until now. Again, it isn’t the 44 million (a new record every time the data is updated) Americans on food stamps that benefit from this policy, it is the financial oligarchs that game the system and push the stock market up until the point that retail investors finally buy the stocks from them and then they are permitted to crash. Don’t play their crooked game, don’t buy stocks buy physical gold and silver and take this nation back from the sociopathic financial control freaks running it now.
How Long Until Obama Starts Writing Checks?
The big news this week from Saudi Arabia is that upon his return to the Kingdom after a three month medical absence, King Abdullah has decided to implement a massive $36 billion payoff to his people to stem off any revolt. Amongst other things: “The measures include a 15 per cent salary rise for public employees to offset inflation, reprieves for imprisoned debtors, and financial aid for students and the unemployed” according to the Financial Times. Interestingly, this is exactly what I said would happen in my recent interview with Max Keiser from last week. Please take the time to watch as it offers more detailed analysis on how I think this will all play out. It is in three parts and I have gotten great feedback so far. Link below.
http://www.zerohedge.com/article/mike-kriegers-latest-interview-max-keiser
So the payoffs have begun in earnest and the question is, when will banker puppet Obama will engage in similar tactics. My guess is very soon. More and more people are aware of the sham that is his presidency and as the people realize they have been sold out to make sure the financial oligarchs got their record Christmas bonuses and can fund his 2012 run he will need to give a pay raise to the 15% of Americans on food stamps. Interestingly, my friend Dave DeGraw at Ampedstatus recently put out an excellent report where he shows how poverty and inequality in the United States of Banana Republic are in many ways comparable or worse than in Egypt. The whole report is here. http://ampedstatus.org/analysis-of-the-global-insurrection-against-neo-liberal-economic-domination-and-the-coming-american-rebellion-we-are-egypt-revolution-roundup-3/
In it he also shows how JP Morgan is making some nice money on the food stamp business. Yep, it seems JPM is the largest processor of food stamp benefits in the United States. Here is a video interview with Bloomberg TV’s Margaret Brennan about JPM’s $5.47 billion in net revenue in this business. In the interview, this guy admits “the food stamp business is very important to JP Morgan.” Poverty is good business for these folks. You starting to get the picture of how this works? Thanks for the change Obama you gigantic fraud. Video is here you have to watch this... http://www.youtube.com/watch?v=5zf8v7RYk6Y&feature=player_embedded#at=13
Niall Ferguson Tells Americans to Accept Their Debt Slavery
I used to kind of like this guy. No longer. When I read this article yesterday it made my blood boil. The article is titled “America Should Sell National Assets To Balance The Books.” As a historian he knows that when people are stuffed with impossible to repay debt they are reduced to slaves (look up “indentured servant” for a historical reference). This trick has been going on since the beginning of recorded history. My argument is that Federal Reserve Notes (we inappropriately call them dollars) and the debt itself are based in fraud and are therefore illegitimate. Most Americans were against taking on all this debt and it was shoved down our throats to bail out the financial terrorists that did this to us in the first place. If ANYTHING what we should do is shut down the TBTF (too big to fail) banks and then sell the assets of the bank executives like Jaime Dimon and Lloyd “doing god’s work” Blankfein. Ferguson is a lot of things but stupid isn’t one of them so this is really a total disgrace. We should just default on all the debt accumulated since the crisis at the very least. America is still long a lot of the things the world needs like food and water and we can use that to dig ourselves out from the rumble after default. Our standards of living are going to plunge NO MATTER what we do. This is written in the cards based on past behavior, but it is better to be poor and free than be poor and also a slave to foreign interests and a banking oligarchy. Shame on you Ferguson. Article is here: http://www.businessinsider.com/america-should-sell-national-assests-to-balance-the-books-2011-2
The Sleeping Giant is Awake
A couple of days ago a contact of mine sent me an email telling me he was considering getting another passport as a hedge. This was my response.
I too initiated the process that you are in now several years back. I started looking into another passport and actually could have done it rather easily but I stopped the process at the last minute. The reason I stopped is because I wanted to feel like my back was against the wall to keep me fighting hard. I also think that I have no reason to flee and the people that need to think about fleeing are the parasitic crooks doing this to the country. America is made up of the descendants of the most aggressive, ballsy, entrepreneurial people on planet earth. We are the descendants of those that didn’t stay put where they were but left everything and came here because they wouldn’t stand for tyranny. Their blood runs in our veins. We may have been conditioned to be sheep but we are waking up and I think critical mass has been reached. I agree with you on the average joe being lazy and asleep, but the average joe is always a spectator to the real changes that are instituted by a small percentage of the citizenry. Anyway, we shall see but I will go down swinging. I owe it to my grandparents (who fled Eastern Europe) and my mother (who fled Chile in the 1970’s).
Still swinging from Co,
Mike
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Obama already wrote the check. Its called the payroll tax holiday. An extra $2k for the family grossing $100k.
I'm not convinced he has to write (more) checks to guarantee a second term. All he has to do is convince the religious right the GOP candidate is not a moral person and they will vote none of the above. Which makes yesterday's decision to not enforce the marriage act all the more curious, since it will serve to motivate the group he should be trying to discourage.
mikey, i am glad you are in colorado. i am old enough to be your grandmother from eastern europe, but that is ok. i saw from your video with max, you live in a house with big long windows, and have lots and lots of natural light shining on you. it was very clear to me, how this new sun lite state, in a colorado state of mind, has gained you so much clarity and it shows up when you are engaged in conversation about your caring. i am glad you have natural sun light, my son†
At least Abdullah is writing checks against the country's wealth (oil), of which there is plenty of. If Obama were to start writing checks, what's the collateral? Saudi Arabia 1, US 0
Waaaah, Waaaah, I want my check too. I was a good boy and made every payment on time. Now my home is worth $100, 000 less than it was 2 years ago. I deserve to get my check first. I'll stimulate the economy when I get mine. Can I get next years check in advance cause I know its gonna be worth less next year.
Now please, you always make the pablum too cold. I want the real thing body temp. Then I can take a nap while I wait for stimulus or stimulation what ever they call it.
Greetings from Eastern Europe. You are way too pessimistic about US. You don't have 23% VAT on silver to begin with. And you can have guns... lots of guns:D
Bro, you missed out on buying an AK or two from the fleeing Russians or even a tank? My in-laws in Poland tell me they were going rather cheap if you had some dollars on hand. RGPs commanded a premium, but regular grenades were a dime a dozen, or so I am told. Wait until the US Army misses a few paydays and see how cheap M4s become. BTFD after all.
Sweet irony: the only people who really benefit are those making over $40,000 to infinity.
YOWZA!
Now if he could just marry his thought (it appears he's 99 percent there anyways) with Glass-Steagall, and you'd have a match made in heaven....and for the monetarists...hell.
??? When ??? Obama is already writing checks: to 43 million for food, to more for welfare, to farmers..... the list is long.... US would have had riots too if not for food stamps.
What nonsense. The mood in the Republican majority in the House is to throw the disadvantaged under the bus--so there will be more money for banksters and other elites.
critical mass has not been reached. keeps saying that, wishful thinking.
Damn right. You nailed it!
"Most Americans were against taking on all this debt and it was shoved down our throats to bail out the financial terrorists that did this to us in the first place. If ANYTHING what we should do is shut down the TBTF (too big to fail) banks and then sell the assets of the bank executives like Jaime Dimon and Lloyd “doing god’s work” Blankfein." Ferguson is a lot of things but stupid isn’t one of them so this is really a total disgrace.
Disgrace. Nope. Ferguson is a Elitist Fucker and a Bankster Cocksucker (Rothschild's biographer no less).
Great writing, Mike. Keep it coming.
Obooba might be getting a bit nervous. On talk-radio here in DC this morn, they were talkin' impeachment...
I used to kind of like this guy [Niall Ferguson]. No longer. When I read this article yesterday it made my blood boil. The article is titled “America Should Sell National Assets To Balance The Books.”
No, Mike, you're wrong. The American government should sell its assets, not to balance its books but to go out of business. Our vaunted experiment in "federative" government has been a complete disaster, after all, and is long past needing to be put out of our misery.
correct, DB, Mike is wrong.
Mike - You're like Mish, Denninger, and Peter Schiff; you guys all realize that Bernanke the Ivy League genocidal bankster is PRINTING 'money' by the TRILLIONS $$ (actually, electronic entries in the ledgers of the member/owner banks that OWN the 'Fed Reserve' VERY PRIVATE banking cabal) - but then you go and assert that the "starve the peons" Bernank is a KEYNSIAN. how STUPID can you be?
And there is NOTHING "liberal" about obama's Rubinite White House gang - they are ALL Robert Rubin career toadies (rahm emanuel, larry summers, little timmy geithner, peter orszag, jacob lew, jared bernstein, gary gensler, mary schapiro, cass sunstein, gene sperling, mona sutphen) http://www.jewishvirtuallibrary.org/jsource/US-Israel/obamajews.html and Robt. Rubin, you may recall, was a GODDAMN-SACHS co-CHAIRMAN (like BUSH's T-sec. Hanky-Pank Paulson!) before he became Clinton's 2nd Treasury Secretary, and it was Rubin (and his toadies Summers, Emanuel, etc.) who arm-twisted Pres.Clinton into signing NAFTA, GATT, WTO, China MFN, AND the Gramm-Leach-Bliley Act AND the CFMA, commodity futures 'modernization' act (1999 & 2000, respectively.)
When you (pimp, push, & urge the president to) sign RADICAL RIGHT-WING RETHUGLICAN legislation, that MAKES YOU a RADICAL RIGHT-WING loot-the-peons, round-up-the-serfs & herd 'em back on the plantation Reactionary thug.
Not only has banana-'Bama STACKED his administration with Rubin's GS toadies, but they have MASTERED the art of BLAMING "liberal" programs like Fannie, Freddie, the SEC, the and of course unions, for THEIR WHOLESALE financial LARCENY and "outsourcing for short term profits" economic SABOTAGE.
Rahm Emanuel was A PAID DIRECTOR of Freddie, pulling down $300k... and claiming IGNORANCE of the FRAUD that was saturating Freddie at the time - NOTHING 'liberal' THERE! http://abcnews.go.com/Blotter/story?id=6201900&page=1
Hell, you can't even find Petey ORSZAG in the Obama White House anymore - he's moved on, now pulling down several million as a CITI rape-the-peons bankster!! http://www.theatlantic.com/politics/archive/2010/12/an-unfortunate-decision-by-peter-orszag/67822/
GIVING MONEY to the ROBBER BARONS (banksters) so they can INFLATE COMMODITY PRICES (by buying them up & exerting MONOPLY prices from consumers) is not, Not, NOT "Keynsian economics"... it is PURE ROBBER BARON, VAMPIRE SQUID, FINANCIAL TRUST CARTEL rothschilds + rockefellers = fed EXTORTION, made possibly by the BRIBING of congress, and the wholesale OWNERSHIP of the corporate table dancers known as the press/media, which PROPAGANDIZES the public with SCAPEGOATING "liberal" programs, for the banksters crimes & economic sabotage.
The swine have STOLEN $40 TRILLION from American citizens, consumers, and taxpayers, and, not satisfied... insatiably, INSANELY GREEDY, they want to ROB our PENSIONS, SOCIAL SECURITY, and savings, too!!
ol' Max catches some TEXTBOOK obama / rubin / gs-jpm co. LOOT the TAXPAYERS _FRAUD_, MASQUERADING as a "LIBERAL" bailout":
[Max writes] My prediction back on November 18, 2010:
[Max] I also pointed out this obviously criminal deal:
got that? TEXTBOOK rubinite GS/jpm/Wall St. loot-the-taxpayers FRAUD... MASQUERADING as a "liberal" 'bailout.' When the fraudsters walk off with their looted TRILLIONS, they BLAME "liberal policies"... pure HATEMONGERING !!
The American Republic will endure, until politicians realize they can
bribe the people with their own money.
-- Alexis de Tocqueville
Protest the current regime. Dissolve the fed, reform the treasury, stop funding the IMF, get politicians who aren't sponsored by big banks, big oil, etc. and let's get this country onto some better footing. Otherwise, this shit will continue to get worse when there is no other alternative than violent movements on both sides: the oppressed and oppressors.
Isn't it funny (not Ha Ha funny) that the U.S. government seems to like to give away money to the people who have made the riskiest financial decisions (TBTF banks, corporations, idiots who bought homes using interest only ARMs). TBTF banks and corporate bond holders should have taken the haircut. But no -- not politically expediate -- and the sheep are too ignorantly asleep to care. Baaaaaaa.
What a cluster-f**k. Mike...get the passport. It's time to bail.
All this American patriot talk is hysterical. Where did the geniuses think this was going to end? Every dipshit with any sort of BS degree, Indians coming in and making 100K with no skills...all our manufacturing jobs off to china...
Every Jesus nut living in a 5 bedroom mcmansion made from stucco styrofoam and plywood, filled with particle furniture from Ikea...
all financed by Prince Talweed from Citibank...Yeah, it was the American fat ass's dream...surprise...it ended badly.
Why would you need a new passport? You can just leave. Period. The passport is not the problem. The entity masqerading as the legitimate government is.