"News that's not known, or not known enough."
Helen & Harry Highwater's cranky weblog of news and opinion.
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"News that's not known, or not known enough." Helen & Harry Highwater's cranky weblog of news and opinion. |
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The adventures of Don Bush and Sancho Bernanke
In both cases the common man suffers. He suffers from hunger, needless death by untreated ailments, and imprisonment for the crime of trying to feed his family by any means necessary.
We shall see, for the Fed and the "globalists" now have their paws stuck in a bear trap built from their own self-contradictions. The US central bank is no more willing to raise interest rates than other central banks around the world, but even if the Fed did act to reduce the money supply to fight inflation, this forest fire (in the Money Tree Forest) is global and beyond the Fed's control. They might plunge the U.S. into a harsh recession and still not impact on the inflation problem! We're importing inflation now with the oil and other goods and services from abroad (and still exporting jobs to cut corporate expenses...). Regrettably, the Bush Regime is out of the picture with respect to sound governance, due to the impending presidential election (they never did "do nuance" or governance anyway). So until November at least, the Fed must continue supplying arbitrarily large amounts of money to prop up the failing banks and brokers. They must, just as a runner on first must run to second base on an infield grounder or else be forced out. "Must" is a powerful concept. It forces action even in cases of extreme uncertainty and indecision, even when the action is known in advance to be highly counter-productive and self-destructive. Argentine alert as inflation spectre stalks half the world Currencies: a delicate imbalance A global consensus and coordinated action plan is needed, but that cannot happen with the Bush Regime in office, for the Bushies are global military aggressors and human rights violators on a massive scale. The rest of the world seems perfectly OK with allowing them to self-destruct, even at the expense of a million Iraqis and slow-motion genocide of out of favor groups of brown people. A bit of global inflation seems like a small price to pay, and far cheaper than the military alternative, to force American regime change. IRAQ: Death toll 'above highest estimates' The madness of spending trillions on military failures and arms buildups while spending, eventually, trillions more propping up corporations who have failed the marketplace test of viability is similar to the story of Don Quixote and Sancho Panza The rest of the world will be more than happy to see this regime burn out in the fires of its own incompetence and failure. The Bush Regime is in the process of totally discrediting itself. Once that process is complete and regime change occurs the rest of the world might agree to aid America's rehabilitation, but that rehabilitation cannot even begin until the U.S. goes cold turkey or receives shock therapy to heal its mad, self-destructive political system.
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