It could be stopped, but it won’t be.
Ged bless you Charlie LeDuff for exposing this criminal enterprise.
While you were asleep- or working hard trying to get ahead- this fucktard’s been living the life of Riley. Ten years on full disability, and he’s only 42.
Yet he runs marathons.
No joke. I wish it was. [ New Jersey Watchdog ]
But maybe I’m just secretly jealous.
A man-made disaster of epic proportions, I think we better start getting used to the idea that the leak currently hemorrhaging oil deep in the Gulf of Mexico may never be plugged.
I expect that soon BP will throw up their hands and simply walk away. Taking a page from the Wit and Wisdom of Lloyd Blankfein, BP will announce “We did our best, this tragedy is now in the hands of God.” And of course the Gov will “take charge” of the disaster, and the money of course will come out of your pocket.
There will be no recourse for We the People. Just like Wall Street, the Oilcos have engineered the law so that they will be untouchable.
Up to this point, BP has presented what in this age of centrally controlled media looks like a good faith effort. In fact it appears to cynics like me that every move they make is only to cover their ass. Corporate controlled media will make the case for their cronies offering the valuable assistance of helping form public opinion. Expect the slant from Faux Nooze(tm) et al along the lines of “If this is the Good Lord”s will, what you going to do?”
Obama will continue as an ineffectual figurehead who will make the right noises to keep the tongue clicking to a minimum. Meanwhile he will continue to reward Corporate America with the riches they so deserve. He might even get re-elected.
Meanwhile, Louisiana continues to get treated like a prison bitch.
If you read this report from last week, Federal Reserve earned $45 billion in 2009, did it not occur to you that the way the Fed, Inc. does mathematics that the Fed, Inc. can’t won’t ever show a loss?
Of course not. That would go against their carefully cultivated air of mystery- as well as the pope’s (oopsy) Fed, Inc. chairman’s infallibility.
Currently, with a TRILLION DOLLARS of assets on the books, should these glorified bean-counters be forced (by who? the Fed, Inc.? Buhuhaha) to mark-to-market right now they might show a $500 BILLION DOLLAR loss.
So $45 BILLION is net negative.
By a large chunk.
Over the last 100 years the Fed, Inc. has used our money like it was their own. They’ve seeded the dismal science with thousands of bought-and-paid-for minions to spread the word and saturated the media with nodding adherents to give testimony. Gently whispering in the public’s collective ear that ‘we really really know what we are doing, really‘ when evidence to the contrary is all around, in triplicate (if they “would just freaking open their eyes” -Mish¹).
Ever wonder why the FOMC meets in private?
If the public saw the dressing gowns these financial tarts doll themselves up in for their by-invitation-only FOMC meetings (“money balls”) their authority would crash overnight.
Where’s a pap when you really need one?
The Fed, Inc. has been responsible for the Great Depression, dozens of recessions before and since, and is the sole architect and responsible party of THIS WORLD’s current predicament through the policy of easy money.
They desperately want everyone to believe they are IN CONTROL of the situation, but in fact they are out of control²… and this next one might be the one that does us- and them- in.
“There is no possible regulation that can stop a credit binge brought about by cheap money and fractional reserve lending that enabled Fannie Mae and Freddie Mac to borrow money into existence at will.
“Remember that the Fed that could not see there was a bubble, could not see there was a recession coming, and thought at numerous points along the way that the mess was “contained”. Even if regulation would have helped, the Fed was oblivious at the time. How can regulation help, when you cannot spot obvious bubbles?”
“Not only did the Fed enable the credit bubble, it blew the policy response. All it takes to prove that is another stock market plunge and credit crunch.”
“It remains true that the greatest injustices proceed from those who pursue excess, not from those who are driven by necessity.” -Aristotle
Last week, the state’s Department of Finance informed cities of its proposal to steal borrow as much as 8 percent of local governments’ property tax revenues — giving the state an extra $2 billion. The cities could in turn borrow the money from the private sector, the proposal suggests, but city leaders scoff at the notion.
The muni’s can borrow (at interest, of course) from the private sector to make up what the state takes? Good luck with that!
We’ve got trouble at every tier of .gov.
We’ve got a president sorely deficient of any depth of knowledge of how business should be conducted (not that he’s much worse than the leechfucks populsting Wall St.). He relies on goons to set policy, and all these leechfucks know how to do is spend.
These ass-klowns have already committed to MORE THAN ONE-HALF OF THIS NATION’S G.D.P. to turn private banking institutions into what are now essentially GSE’s.
Spending isn’t the answer to our problems, the PPiP-tards just think of this as the easiest way out; not the smartest; not the best; just easy.
What else would you expect but a predictable and pedestrian response from bureacrats-for-life.
And they’ll be long gone from the party before the bill arrives.
And arrive it will.
When the only tool you know how to use is a hammer, everything starts to look like a nail.