It’s All About the Derivatives, Stupid.
Nobody Knows—
Why the whole world is falling apart? George Carlin hadhis opinions…but I wonder what he’d say about that word that keeps getting thrown at us daily, like a dirty diaper full of poo…That mysterious word: Derivatives. Something George Soros knows a lot about, but the rest of us are not allowed to even THINK about. It’s the “n” word of the proletariat, but in the high offices of the
world, it’s pasigraphic. All we know is that somehow Freddie did Fannie in a back room deal and we all got *&%$.
History has been forgotten here, so let’s review:
Remember when Japan hop-scotched over the United States and took our technology and beat us in manufacturing cars and computers in the late 1980’s? We invented stuff here,
and BAM…Japan took our technology over and went soaring economically. Our companies were trying to put all their employees into worker beehives of miniature Japanese clones trying tocompete. Remember the movie “Gung Ho?” with Michael Keaton? But the real problem was…unions.
Let’s follow the money….and the mistakes:
Japan:Myself, I wouldn’t want to live there…I’d feel like an ant hive living on top of a giant Lego toy, but we watched it deflate during the 1990’s due to the “Japanese asset price bubble”, which was wiring speculative excesses from the stock and real estate market.
Whatever. Now, they have the biggest dept in the world at 200% of their annual growth. One in six live in poverty. The tsunami put them in the hole for another “decade” but today…they are doing well
again…according to Drudge.
Russia: Remember when the inebriated Boris Yeltin took his tanks to the parliament buildings? Thatwas after Russia had gone broke fighting their wars in Afghanistan. Viktor Gerashchenko became Duma’s man after Yeltin, even though he was head of the bank twice before:
Many ordinary citizens had their savings wiped out by a disastrous reforms in 1991, and again when the ruble sank 30% on a single day, Black Tuesday in 1994. Gerashchenko was widely criticized for heedlessly
printing rubles and pumping almost unlimited credit into rusting ,unproductive (solar power) industrial enterprises and collective farms. –Time Magazine 1998
Wait…who did the solar power?
Bernanke Gerashchenko… Mmmm….has a nice e ring.
Russia’s prices went so high in the 1990’s that they crossed the threshold of hyperinflation. Gerashchenko wanted to nationalize the banks, set exchange rates by fiat, and subsidize industry and agriculture with rubles hot off the press. Well, we do that, even in FINLAND!
European Union…that totalitarian utopian dream of a Brussels Sprouting billions of global stock dividends is drawing to an end. The people that work,(Germans) are being asked to take care of the people that work a few days between vacations. We have the unemployed on welfare, they have Greece and Italy. They don’t spend money on defense (WE defend them) so they got into all
kind of giveaways that nobody could afford.
Where are those damn derivatives?
United States: One day, President Bush came out and said–“The boys in Wall Street gambled with a lot of money and lost, (derivative overdose was blamed) and so now you, comrade, are going to have to bail out the world global economy. Of course, this was after the FED flew in over 40 billion dollars on a plane to Iraq, which was all given to ONE MAN…and nobody knows where the money went.
(What? Is this Vietnam’s Air America all over again? it’s one thing to fight our enemies, but do we HAVE to keep giving them billions?)
How are we exiting any different than Russia? The war in Afghanistan and Iraq have drained us, but not as much as our own politicians. Unlike Russia, we could have afforded those wars if not for..
Here we go again: Derivatives, which has left us in so much dept we can’t pay those welfare checks much longer…
Phyllis Schlafly–
What is now called the hidden welfare state (because so few Americans know about its enormity) is the fastest-growing component of government spending, and this does not include Social Security or Medicare payments. The total of these means-tested handouts is greater than what we are paying for our entire public school system and greater than what we spend on national defense.
Obama tripled that amount on welfare in his first two years. Depending on which Al Capone official book you want to look at, it’s between…14 trillion and 4 qaud-zaillion. An American outdoes a Russian every time.
Take THAT Moscow!
And how did all this “stimulus” that got passed around to the banks and Wall Street come about?
Derivatives. There’s that dirty word again.
The world is one big gambling derivative casino for the elite.
Greenspan. “Today, there is one single integrated global stock market,” he said.
Mahathire Mohamad,who used to be the prime minister of Malaysia had to say about the world economy in 1998:
“The currency turmoil that hit southeast Asian countries in the 1997 was initially expected to last only a few months. It has now spread throughout the world. No one has really benefited except possible the currency traders and share market speculators. The fact is that the economic disaster would not have happened if the speculators had not attacked the currencies and the share markets. Government are being blamed while the currency traders, foreign capitalist and hot money stock market raiders are being praised for their efforts to discipline these government and force them to change their ways.”
Sounds pretty much what we are hearing from the G-20…isn’t it? The same old song.
So…let me get this straight for George Carlin: Globalization was passed off as a freedom capitalistic system of joy, and since all politicians can do insider trading, they looked the other way while the
Soros, and big money Wall Street bankers (FEDs) made themselves trillions of dividend dollars by constantly propping up the stock market, playing with monopoly money taken out of thin air, no matter what it did to the rest of the world.
In Carlins’s philosophy class, that not capitalism, that’s grand theft auto on steroids.
And it’s all because of that dirty little word called derivatives.
“Niggers” Having Fun…
Nobody Flashes
I know I’m not supposed to be laughing about the sorry state of our “black” youths, but if you noticed this fight, it was all bravado, and “nigger” (which mind you, I’m repeating what THEY call themselves) and some of them fought like girls. I don’t think anyone of them was hurt seriously, but the restaurant took the REAL beating. Many there were having a fabulous time, and the guy filming it was all too happy about what a hit he was going to make on YouTube!
I say, it’s time we brought RUGBY here to the states, give those guys something to do.
