Paulson Orders The Printing Press To Fire Up

Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'

U.S. Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial markets will remain volatile.

``We see the need -- a clear, present need -- to raise capital,'' Paulson said yesterday at a press conference after a meeting in Washington of finance ministers and central bankers from Group of Seven countries.

The purchases of stock, the newest part of a rescue plan engineered by Paulson, would be aimed at sustaining banks and other financial institutions through the worst credit crisis in seven decades.

The U.S. Congress last week passed legislation allowing the Treasury secretary to spend as much as $700 billion to buy mortgage securities and other troubled assets and to purchase equity in banks. Paulson declined yesterday to give a timetable or details about the purchases.

``We're going to do it as soon as we can do it and do it properly and do it effectively and right,'' Paulson said. ``Trust me, we are not wasting time; people are working around the clock to deal with this.''

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Quick print all the money we can and devalue what little existing money we have left!

Brilliant.

Is this what higher education churns out of it's hallowed halls?

Watch this folks I will explain it very simply.

1. Government wants to buy bank stock to stimulate monetary liquidity.
   
2. Government has no money
   
3. Government asks the Federal Reserve to print the money it needs to make said purchase.
   
4. The $10 bucks left in your wallet is now worth $1.25
   

Here is another helpful hint.

Every time you see or hear Henry Paulson saying "The Government will buy, spend, etc" substitute the word government with U.S. citizens.

Money is not created with wealth in the U.S. it is created instantaneously by creating debt the moment it rolls off the printing press in the form of a Federal I.O.U.

When the Fed prints money (upon request from The Government) say $100 bucks, the national deficit grows by $100 bucks.

Voila'

That's right there is no gold or silver to back it up it is backed up instantly by debt creation.

So every time you hear Henry OR George saying;

"The Government" think of that word as you.

and when they say;

"will spend $700 trillion to ...get hookers, salmon pate', oil, guns, stocks or whatever" think of printing newly minted money and the bill goes to the national debt

The national debt...that should be self explanatory;

"National" meaning everyone in the U.S. and "Debt" meaning what we now owe and have to pay back by producing the work the Government promised we would perform in the first place when it asked the Fed to print the money

Then taking the money we just made in the form of taxation to spend all over again with no civilian oversight whatsoever.

If the Government doesn't have enough money after taxing everyone for all the crap they just "have to have", they ask the Fed to print more and the hilarity continues all over again until your in your grave.

Picture the hooker/pimp relationship of getting f-d and giving your money to the pimp and you pretty much have it down.

There, that should put things in the proper perspective.

See how that works?

Isn't this fun?

We're learning U.S. national economics and our pimp said we were "good fer nuthin ho bags."

Now when Henry says things like "We are going to do it now; clear and present need; need capital; etc." he has no f-ing clue what he is doing and he just wants to throw money at the problem to make it go away.

And why not?

Henry has an unlimited bank account because his bitches are out there working the streets for him.....ahem.....I mean Henry, George and the Government at large can get as much money as they want, whenever they want.

A golden goose without the shit covered eggs to deal with.

Thus smorgasbord, buffet, ala carte inflation courtesy Henry Paulson.

Want to fix it?

Here is how:

Put the federal note (money) bank on a Gold or Silver standard. (i.e. $1 represents $1 worth of gold or silver that would be in a vault say at Fort Knox.)

Why doesn't the Government want to do this?

1. The Government could no longer print all the money they want, so they couldn't buy everything they wanted whenever they wanted.
   
2. The Government couldn't afford to maintain even half of what they are doing now. (wars, covert ops, insurgency efforts, guns, gitmo, wiretapping, ships, spy satellites, tanks, space based weapons, etc.)
   
3. It would hurt the current U.S. comfort level (you and I), our quality of life wouldn't go down so much (it may go up if you actually turned off the XBOX and did shit with your kids for a change) but our standard of living sure as hell would go down (no more Concorde flights, dang it).
   
4. National then global extinction of superfluous occupations...i.e. middle men who don't actually produce anything will go bye-bye, only occupations with worth would survive the transition. (Want a cesspool dug? That will be $1000, you want to short sell my investment portfolio to make enough capital to do what again?....yeah don't need that, but you can dig my cesspool).
5. We probably would need a vault the size of Mammoth Caves in Tennessee to store the amount of precious metal needed to equate to our current level of national debt....nope that is probably way too small come to think of it.

But like it or not we may come to this point regardless of our wishes.

Hyper inflation always signifies the imminent collapse of a society.

When your bread reaches $30 bucks a loaf, you'll know whats going down.

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But why worry?

Henry Paulson, George Bush and the Federal Reserve got this one.

Now let's see what Tila Tequila is dry humping on T.V.

Welcome To Detroit