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Monetary Reset and the New York Grind; Pay More...Have Less

Posted by DMS on Saturday, December 27, 2008 12:00:00 AM



Saturday, December 27, 2008

Originally posted 12/18/2008 in my weekly column "Mother America" at http//:pop-damage.com

Its time to get the printing presses in top gear. At least that's how I translate the headline: "Fed cuts rate to lowest in history." This is the latest band-aid placed over a viscous laceration across the jugular of the credit market. Seeing the Fed take this action only echoes Congress's brazen failure to properly regulate the TARP funding. In mid-October the Wall Street earthquake was felt on Capitol Hill, which caused Congressmen and Senators to break into their stashes of pure cocaine and burn the midnight oil to create a bill that would save America. By the next day's dawn our elected officials had been up all night snorting white powder off Nancy Pelosi's naked body and found themselves so tweaked on narcotics and legal jargon that they wrapped up the bill in haste. In the end the bill granted Henry Paulson the title of "king" and permitted him to spend 700 billion clams however he pleased.

The pols didn't sober up until last week when they realized that the money they gave Paulson and the financial institutions, without preconditions, was actually spent buying banks in foreign countries. What did they expect? AIG, Citigroup and others had most of their debt in China and Russia. And no CEO wants ex-KGB turned professional bill collectors tracking them down. In a nutshell, our financial institutions made good with the Communists and took their chances with the American people. Originally, those funds were supposed to free up equity for short-term loans granted between businesses. Instead, the CEO's decided they would rather be called in front of Congress in a hearing than be chopped into pieces and wind up as fish food spread across the South China Sea.

There's an uncanny resemblance to our current situation and the Weimar Republic. Following World War I, Germany found itself in a unique situation; they had borrowed all the money to fund their military operations. During the years of conflict they had decided to just print more money to stabilize their economy during wartime. Considering Germany had virtually no export business, they needed an influx of currency to be injected into Main Street so that the average person could pay bills and have credit available. Germany ran the deficit to fund a war, the United States did it to obtain Sub-Prime Mortgages and to purchase cars and flat screen televisions. Printing the currency triggered hyperinflation. However, hyperinflation is never realized to experts until much later. Usually currency is printed during a period of under-consumption. It isn't until the newly-printed money is over-consumed that hyperinflation rears its ugly head. Germany's Papiermark fell to a value of just 4.2 cents against the American dollar once the consumption of the currency reached standard performance. Shortly after, it took one million Papiermarks to be equal with just one American dollar. Germany was forced to take action and issued the Rentenmark which was equal to 1 trillion Papiermarks bringing the currency to an overall value of 4 Rentenmarks per dollar. This action is called a "Monetary Reset" and soon forced the currency to collapse. History documents peasants from that time with wheelbarrows full of paper cash being pushed through the streets while everyone was just looking to buy a loaf of bread. But I digress, that was a long time ago...that doesn't happen today. Or does it? Zimbabwe just printed a $100 billion bill after implying the same tactics we are now putting into effect. That $100 billion bill buys a pack of gum and a soda.

Yet here we are, victims of ignorance with a direct correlation to refuse to learn from history. A few weeks past, President Bush met with the G20 to discuss Bretton Woods with other world leaders. This system [Bretton Woods] is a global organization to regulate world currency and monetary funds. And today, Bloomberg released a story on the U.S. Government's attack on the Dollar citing the inescapable doom of our leaders' actions. Ever since the trial run of the Amero, I have firmly believed that we will intentionally destroy our current currency so that we, ourselves, can issue a monetary reset, adding value to the new currency to be used in the market. Unfortunately, our elected officials never studied history (let me clarify, they studied revisionist history at Liberal Education Institutes) and will never learn the true power of a balanced economy powered by free-market principles. This upcoming administration will mimic the actions of the Weimar Republic to a tee: nationalized healthcare, big labor/stronger unions and increased taxation. Get ready for a wild ride through everlasting poverty.

This afternoon New York's Governor David Patterson announced a plan to further sodomize the wallets of his constituency while graciously handing out significant cuts to education, law enforcement and other public offices. Merry Christmas, kiddies. Starting in 2009 you'll have a much lower quality of education and higher chances of getting away with the crimes you're going to commit after the under-funded education system fails you. But no worries, as in the spirit of Liberal Ideology, they boosted welfare payments by 30%, just to send the message that the state is truly compassionate. According to the left, the state should be the parents of their people. But in order to maintain the "nanny" state they need to either keep the cost of living down, or hit the hard working people, who still believe in personal success and rugged individualism.

Today we saw ridiculous tax increases for New York that are predicted to create a $1 billion surplus by the end of next year. I sat down with my team of pros to crunch the numbers and at the end of the day we estimated that there would be not only the immediate increase per person for cost of living, but an increase in deficit that should start to transpire around mid-August 2009. Once those figures and the report are finalized I will publish them here.

New York is a prefect microcosm, and an eerily accurate depiction of what is to come in the next four years. Remember, the Liberals have the reigns now and the fun is over for us. By the end of this administration heroin will still be illegal and they will be successful in confiscating more of our paychecks all while offering a lower quality of life.

Maybe I'm just an old-fashion patriot when I think that if my quality of life gets compromised at a greater cost to me, I expect narcotics available in my local bodega over the counter. Unfortunately, that will never happen. You and I will be broke in four years and everything in our life will be subsidized. Welfare funding will be increased by piggybacking off of the wealthy so the majority of us can stay home all day to beat our children that dropped out because they aren't getting the attention their hungry minds demand in our under-funded public schools. Viva la Raza.
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Silly Obama, Fraud is Illegal!

Posted by DMS on Thursday, July 31, 2008 9:29:22 PM
My friends have been pleading with me and saying "Doug, please stop with the Obama smears"

I will not. They are not smears if they are true. I don't like the alternative either (McCain) but I'm sure as hell not too comfortable with the pseudo-rock star senator who has spent most of his political career running for president.

Now that the Rock and Roll vote is secure I'm growing increasingly concerned; A large voter block is going to vote for someone based on style rather than substance. Most of his followers have no idea that he's pushing a Marxist agenda, and for those that are aware, well...they have tried to justify and mainstream his radicalism so that its acceptable to the public

Onto the Fraud quote:

Obama wants $10 Billion to create the "Foreclosure Prevention Fund". This will allow banks like Indymac, Freddie Mac, and Fannie Mae to keep giving $2 Million mortgages to fast food workers with no income verification. According to Obama we need to help these lenders who, he said "acted irresponsibly and committed fraud" (thats right from his website)

Wait---"Fraud"?, that's illegal isn't it? Why aren't these lenders in prison? Why are they being earmarked for a cool $10 Billion that we don't have nor can we even begin to afford? I cant commit fraud and have the government give me $10 Billion in funding. I'll get ten years: "Have fun at  in prison Doug, by the way that guy you ripped off in 2000 is back in too, lucky you--you're cell mates with him!"

The banks that wrote those mortgages deserve to collapse. Heres the solution: Let the bank(s) writing the bogus mortgages collapse, they will salvage capital when they are forced to sell themselves to another bank at a great loss. Those bank owned properties and mortgages will sell for pennies on the dollar---then...(watch how simple this is) they (the properties) will be sold at a greatly reduced price to people who can actually afford it. People will be able to purchase property that would be worth triple thatn they could ever dream of affording. They can hold it until the market stabilizes and sell it for a generous profit. (This is called capitalism and believe it or not, it works. We've been doing it for a few hundred years) Then, if those people decide to sell the property off they have now been put into a higher income bracket through a wise investment...this is how every entrepenneur you've ever heard about made their first million. You put the decision of "sound investments" back into the hands of the people, not into the Democratic Congress. These banks operate recklessly because they know they will be bailed out by the government. I believe, that if Congress is going to guarantee them from failure then the employees should all be paid like government employees

Democrats tell us "but they are too big to fail"

Too big to fail? Haven't they ever heard of Rome?
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