First, a little history. 1929. June. Things were “roaring.” And what happened four months later? What made it happen, to be more precise?

You can hypothesize about the Federal Reserve’s role, the conspiracies of Bernard Baruch, the plungers and short sellers, and the speculation in which you only had to put 10% down to own stock.But what does it really matter?

What is happening today is worse. Much worse. And none of us know the 10% of it. 2009, exactly 80 years from the start of the Great Depression, will be a very bad year, indeed. Very bad.

Before I continue, a short aside. I don’t give a rat’s ass about the Fed, the fiat, the debt, or the wars, because there ain’t a damn thing you can do about it. Obama, Hillary, McCain. Fuck ‘em. They don’t have the answers.

I don’t support Ron Paul, and I am not going to push the SPP / Amero fear. But here is the truth:If you have an IRA or pension fund, prepare for it to be halved. If you have cash liquid, prepare for it to be inflationed to about 80 cents on the dollar. If you own property, sell it. Your Naples, Florida condo on the water won’t be worth spit in Dick Cheney’s undershorts.

There is a reason that the “vice” put almost all of his holdings in Euro-bonds a year ago. Look it up. Now.

This shit isn’t just ramblings of paranoia or the cobbled together thoughts of some guy who sees the sky falling. The banks want it to happen, and they will make it happen. And it is happening. Do you think that they really just blindly sold loans to everyone under a bridge for short term profit - not knowing that there will be massive defaults creating a wave of panic - as the foreign owners of these AAA rated crapsandwiches scramble to find value in the baskets of feces they now hold? Well, maybe.

But I don’t buy it.Very simply put: Starting with Reagan, deregulation and free-market bullshit was sold to Americans as patriotic anti-Communistic ways to escape the stranglehold the liberals had on business and government. Business should be free to make money, right? The market finds its own levels and regulates itself. Fuck that.

They get welfare, buy outs, future promises, and you get jack, Jack.Remember the Savings and Loan scandal? Well, anyone? The same shit, times 100. All of this is the largest scam on the planet, and no one seems to care. They took Spitzer down three weeks after his Washington Post article explaining this. And anyone else that stands in their way, look out.The obscure OCC office that has been around since the 19th century has now been put under the umbrella of the executive branch along with the CIA, the FBI, the NSA, the department of Education…

Its duty was to watch the banks. To charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States.Now, over the term of GWB, it has squashed states rights to oversee credit card regulation, fraud protection, and banking oversight. The Attorneys General in each state have been forced to submit and pay fealty or get ousted, the Rovian way. They Spiegelman you, and you are done.

They don’t want a true middle class. The middle class is annoying, and gets in the way. Ideally, they want a barely functional, undereducated group of ever-growing consumers that will eat, fuck, drink, shit and piss the Chinese products that the multi-national corporations profit from greatly.

As long as we don’t get all worked up like the Russians in 1905, they are sitting pretty. Keep us busy, distracted and entertained to death, and they will continue to rape the treasury, print money, and manipulate interest rates to keep you just on the brink, but not over the edge to rebellion. That is the game. And who is they? Who cares. It is what they are doing.

They are so brazen, the “vice” actually said, when asked what he thinks about the majority of American’s that oppose the war in Iraq, “So?” So, indeed.

Be prepared for a 2009 with large homeless populations in major cities, crime rates to go up from people just desperate to eat, and more and more walling off of our ability to protest, complain or do anything about it. Posse Comitatus gone? Excellent. Mexican and Eastern Europeans being conscripted to our forces in exchange for citizenship? Perfect. No Habeas Corpus? Damn, we’re good!

Comparisons of Bush to Hoover are insulting to the heirs of Hoover. Idiot free marketer that he was, he was also disputably the most intelligent of the presidential lot to date. Their only similarity is “BushVilles” and “GeorgeTowns” that will be dotting the landscape. Have a good 2008, and buy gold or something as the hosts on Air America implore you to do now that it is about $1000. Here it comes.

Posted by admin in Currents