The funny money trough has been wide open for business since mid-2008. The biggest hogs, like the banks and other crony capitalists, have already hit it really hard. They aren’t finished feeding but, finally, Jane and Joe are scheduled to slop up a few scraps.
President-Elect Obama is putting the final touches on his stimulus plan. Money is heading for Main Street in trickle down mode to the tune of $1 trillion or more. It is designed to jump start what’s left of the US "economy" and get people spending and borrowing again. Will it work?
You’ve heard IDE editors analyze the stimulus plan all week long. Lots of different opinions have been presented. My stance is that the entire system is fraudulent, compromised and crumbling. The stimulus plan is misguided and will come as "too little and too late".
What most Americans know about money is that they don’t have enough of it. No one ever does. Combine that with the Federal Reserve’s ability to print unlimited amounts of fiat currency and it’s little wonder we’re looking at an epic disaster.
The US and the rest of the globe are experiencing the severe consequences of decades of monetary abuse. What you’re seeing now is how credit bubbles laced with fraud end. The stimulus package is simply more of the same failed strategy administered by the same group of miscreants. They have a very limited playbook and it always features fraud, graft and waste.
You know the government doesn’t have hard earned money sitting around waiting for such an opportunity as the present crisis to be put to use. This money will be printed into existence. Everybody wants their share of trough time, but it always comes at a steep price.
Money printed into existence dilutes the dollar holdings of everyone already locked into the system. Future taxpayers are saddled with these frivolous debts. We are way past the point that they can ever be paid back. Collapse and "change" are clearly on the horizon.
Am I suggesting you turn up your nose when your slated feeding schedule arrives? No way! Get what you can and use it to protect yourself as this fiasco continues to unwind.
It is for good reason that the largest stimulus plan ever administered is in process. These are desperate times. $70 trillion has been vaporized from across the globe in the various stock markets, real estate and commodities. U.S. citizens have shed over $13 trillion from our stock and real estate markets.
The futile hope is that everyone will spend the funds heading their way, preferably as a down payment on something requiring extensive credit. Gas prices are low … Suburban anyone? The game is to blow up another credit bubble. This Fed engineered boom-bust cycle is getting really monotonous. Don’t worry though, another boom is nowhere in sight.
Not even a cattle prod will stimulate a quick turnaround.
This is no run of the mill downturn. Electric Shock Therapy, anyone?
If you get a government funny money stimulus check, I suggest you use it to pay down debt or turn it into some real money (gold and silver). Return to your American roots. This consumption economy is a failed strategy.
Invest Resourcefully,
Rusty
INTERNAL ENDORSEMENT
Finally a "Bailout Plan" for The Middle Class
The government's on a bailout spree. But it's not only Wall Street…The bailout craze is sweeping the nation.
Thousands of regular Americans are cashing in on a loophole for collecting government-mandated "bailout checks" of $8,881 a month or more.
The next batch of checks is going out on March 27, 2009.
Click here to find out how you can get your name on the list.
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