When I take a gander at this chart I can’t help but hear Wagner’s Ride of the Valkyries playing in the background as Bernanke and Paulson fire up the Helicopters and prepared to drop dollars rather than napalm.
One helicopter won’t do when there is $8.5 trillion to drop. Colonel Kilgore explained why he was taking that particular beach with, “Charlie don’t surf”. Colonel Paulson could explain his latest bailout with, “Citi don’t lend”. If these efforts to revive our economy follow the plot of Apocalypse Now, it will end with Timothy Geithner gasping, “the horror, the horror”, when the hyperinflationary bust eventually brings our existing financial system down.
HAVE YOU LISTENED TO AN EXPERT LATELY?
Our great country was founded upon Trust; trust in our government leaders, trust in our commercial system, trust in our currency, and trust in each other. Without trust, a Republic will fail. A Republic is ruled by the people, not power hungry politicians, lifetime bureaucrats, or corporate interests. Our currency is imprinted with the words, “In God We Trust”. It is not imprinted with “In Ben We Trust” or “In Hank We Trust”.
Over time, trust in our government, financial leaders and corporate leaders has declined to the point where Americans cannot and should not trust anything they are told. It is essential that every citizen do their duty and skeptically assess everything they are told by politicians, bureaucrats and corporate CEOs. They will continue to speak authoritatively like they know exactly what will happen in the future. They are lying. None of these experts can even predict what will happen next week, let alone next year. If you don’t think my advice is applicable, just read what these “experts” have said in the last few years:
Political “Experts”George W. Bush, Sept 2007:
The Federal government will not bail out lenders — because that would only make a recurrence of the problem more likely. And it is not the government’s job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.
Christopher Dodd, Chair, Senate Banking Committee, Financial Post, July 12, 2008:
These institutions [Fannie and Freddie] are fundamentally sound and strong. There is no reason for the kind of [stock market] reaction we’re getting.
Phil Gramm, July 10, 2008:
Misery sells newspapers. Thank God the economy is not as bad as you read in the newspaper every day.
Barney Frank regarding Fannie & Freddie, 2005:
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