All Your Base Are Belong To Us
Game over. Today's Financial Times:
"China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund."The Nasdaq and Dow went up by 7% today, despite China making this official statement. Because David Axelrod (Obama's Karl Rove) lost a battle over the bank plan to Tim Geithner, who just told his friends that Cash for Trash was in, there will be no repercussions and no limits on executive compensation. I can honestly tell you that people are partying on Church Street tonight buying some 50 dollar teenies and inhaling some 80s snuff.
There's a Chinese saying: to enslave someone, indebt them. The Fed is going to have to keep buying it's own Treasury Bonds, sure, I know the Fed isn't part of the govmint, right, and that's not change we can believe in. If you are fortunate enough to have some money in a bank, get it out. Tomorrow. Buy power tools, generators, a few thousand pills of Xanax, and enough booze to keep a bar open for a few months. Hell, buy a still. You can sell it all later on Craig's List after the dollar has inflated by 1,000% because while the bankers party they're too stupid to have known what the message said:
君達の基地は, 全てCATSがいただいた. 君達の艦も, そろそろ終わりだろうTranslation from the Chinese: "If you inflate your bonds, and you are, there is no longer any reason for us to hold them. Since the Fed is buying its own bonds maybe it won't mind buying ours back, too."
Translation from the Japanese Sega Game: "With the help of Federation Government forces, CATS has taken all of your bases. Your ship is about to meet its doom also."