Thursday, November 14, 2013

Wall Street Rejoices as Bernanke’s Policies Will Live On


The confirmation hearings for Obama’s new Federal Reserve head Janet Yellen are an indication that more of the same failed policies will continue to subsidize the Wall Street casinos. With the 2014 mid-term elections looming and Obamacare looking every bit the disaster that could have been expected by letting the insurance companies basically write the law much credit to Senator Max Baucus, one of the most corrupt swine in the U.S. Congress. The website rollout was a clusterfuck of monumental proportions, people were jettisoned from the policies that the liar in chief told them they could keep and the brutal realization that greedy corporations were going to use the program to dump dependents from coverage hit Americans like another punch to the gut. This is a pummeling that they should be accustomed to under the rule of the penultimate footstool for Wall Street and bagman for corporate interests Obama and it is about to get worse. Today’s Yellen hearings sent the markets soaring in inverse proportion to Barry’s approval rating but while the speculators are approaching orgasm the vampires are taking flight to suck the last remaining drops of blood from the besieged middle class.

Wall Street gamblers are chortling with unabashed glee that Chairman Ben’s replacement is now on record as not only not going to put the helicopter fleet on stand down but is a damned certainty to continue to use QEternity to create digital money and funnel it into buying bad paper of the same banksters who destroyed the economy. This should surprise absolutely nobody who has been any paying attention to this ongoing scheme to artificially inflate the markets to enrich only the big boys and beggar the rest of us peasants. The perversion of capitalism will roll on under Calamity Janet as the bubble just gets bigger and bigger along with the catastrophic shock wave that will be released when it eventually explodes and there is no way that it will not do exactly that. They key is for the elitists to stockpile enough real assets, hire private security firms (mercenaries) to protect their compounds, fill up their wine cellars and get the hell out before it does. Let the little people deal with it when the ATMs no longer work and hordes of desperate people take it to the streets to engage in an existential struggle for food. The dollar will collapse along with the economic system and it will take a proverbial wheelbarrow full of Reichmarks to but a bag of freaking Doritos. For those who survive the scrum there will be plenty of food in the for profit prisons and relocation facilities that they will be sent to but Yellen and her ilk will be sitting pretty and watching the show.

Expect Yellen’s ticket to be punched in the true bipartisan manner that is always mustered from our rancidly corrupt politicians whenver it comes to time to protect the interests of the true owners of what George W. Bush once referred to as “the ownership society” - what it really means is that they own all of our asses. As the late George Carlin once nailed it, “it’s a big club and you aren’t in it”. There will be some Republican resistance although it will be portrayed by the state-corporate media as largely being confined to the noisy rabble that is the now discredited and co-opted tea party. At least when Ron Paul was still in congress we could count on the old man giving a good roasting to Bernanke when the former Time Person of the Year showed up to testify but Janet Yellen won’t get the same treatment. Any serious questioning is likely to be spun as a part of the Obama spinmeisters bumper sticker  war on women and she will get the free pass afforded to the moneychangers.

The Christmas bonuses will be awarded to the looter capitalists on Wall Street and the New York Stock Exchange crowd will break into a chorus of “Joy to the World” as the greedy pigs gorge themselves on champagne and caviar as the sweet, sweet spike of the next fix is jammed into the arm of the junkie markets. Crack ho economics again, the holiday season will be one that is very festive in the enclaves of The Hamptons, Martha’s Vineyard and other posh retreats where the hedge fund hyenas are the dominant indigenous species. The rest of the schmucks can mournfully scrounge through the remnants of Chinese manufactured crap in the bargain bins come Black Friday.  In America the elite reign supreme, it is as though it were their divine right as codified and enforced by the power of the state. Decades of television and movies have fully indoctrinated the masses of asses into glorifying ghoulish fiend CEOs and full blown swine like Donald Trump are to be honored as though he were the Pope. While “class warfare” may be a dreaded and unspeakable term in the lexicon of the elite it is only because it is a war that they have not only won but crushed all in their path, a blitzkrieg of greed that has become a testament to American ingenuity when it comes to rigging the system, tilting the tables and fixing the game.

Howard W. Campbell Jr. from Kurt Vonnegut’s classic novel Slaughterhouse Five:

America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves. To quote the American journalist Kin Hubbard “It ain’t no disgrace to be poor, but it might as well be.” It is in fact a crime for an American to be poor, even though America is a nation of poor. Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor. They mock themselves and glorify their betters. The meanest eating or drinking establishment, owned by a man who is himself poor, is very likely to have a sign on its wall asking this cruel question: “If you’re so smart, why ain’t you rich?” There will also be an American flag no larger than a child’s hand glued to a lollipop stick and flying fom the cash register.

Seep will be sheep and along with lemmings they shall wander the land, an economic diaspora in a wasteland of their own choosing.  As their “owners” continue to gorge themselves the flock of the forlorn are incapbable of anything remotely resembling the sort of righteous indignation that could get them back into the game. Shorn of their money and their pride and brainwashed by reality television such as “who wants to be a millionaire” they engage in silly squabbles and accept their enslavement by the moneychangers. They have conditioned to worship mammon and call it God, a false religion that ensures that the fatted calves will continue to live large in their comfortably secluded strongholds secure in their knowledge that Obama, Helicopter Ben and Calamity Janet will deliver the goods.  The only thing missing from the legions of suckers who continue to put up with this bullshit is a candy coating and a stick shoved up their assholes.

You never know thought, that stick may end up being a spit when the food trucks stop rolling a few weeks after it all has collapsed.