TUESDAY MORNING POST "ATLAS SHRUGGED"

Ad nauseum I turn on CNBC when I wake (now 5:30 !! as my son rises for 9th grade) and they got this asshole chirping about how "we have sustained GLOBAL economic expansion...." I immediately had to hurl! CNBC should BOYCOTTED for the Ponzi peddling shits they are.

There is NO evidence we have sustainable economic growth and that we can leave all our troubles behind.

If the CONSUMERS just cut back borrowing by 5% (aren't they deleveraging?) it would take out $2.7 Trillion (pg 11 Keen) in spending which would negate any and all Obama stimulus.

The FED has more than doudbled the money supply in a VERY short period, but the reason we do not see rampant inflation and a roaring economy one might expect, is actual MONEY is not created until a debt or a credit is issued. With consumers and businesses deleveraging, the DEMAND for debt/credit is falling and so is economic activity.

But these INSIDERS have been able to BAIL OUT THEIR CRONY FRIENDS....does it make you feel better to KNOW you been had? That REAL CHANGE only meant more new old faces were put in places of high decision and that they would side with their connected crony friends who spend BILLIONS lobbying the decision makers? and we the Citizens are LEF T OUT IN THE COLD.

Instead of breaking up their whores of power and money, they have been sustained,and OBAMA is right at the heart of it, he has sold out his supporters (not me) and strenghtened the MEGA BANKS hold over the worlds populace.

Ask yourself WHY do a consortium of banks make the interest rate decisions for the world in general? Is it any wonder the FED does not wnat to be audited? FEAR my friends is what those in power capitalize on as did BUSH after 911 with PAtriot Act, of which did any of our elected brainiacs even read before signing?

I ask you, how do we have sustainable economic expansion IF CREDIT is CONTRACTING VS EXPANDING?

History channel showed last night how our INFRASTRUCTURE is crumbling, dams, bridges, roads, electrical grid, we have NO money to infuse there....no REAL MONEY as we waste it in IRAQ and AFGANISTAN and on BAILOUTS of the whores.

REAL money and velocity are created when people are willing and able to go into debt, it will then change hands and work its magic. DO WE HAVE the climate right now where people are encouraged to go into debt?

WILL THEY RAISE OUR TAXES? how will the GAP between EXPANDING GOV SPENDING and receipts be met?

Liquidity has to go somewhere, it has enterred the US stock market. Chinese stock market has fallen quite hard and may be in a new Bear mkt.....it has preceded the US recently...

D