Richard Daughty, the angriest guy in economics -- World News Trust
I don't remember the sound of wolves howling in the distance, but it was a darkly inauspicious start to the beginning of the Bernanke reign of monetary terror and pain, as Total Fed Credit at the Federal Reserve shot up $6.7 billion last week, which is a handy measure of the amount of excess money and credit are being created -- poof! --out of thin air by the monstrous Federal Reserve.
But that pales in comparison to the biggest and most unbelievable fraud, which is NOT that I pretend that I am a decent, caring human being, but that the total debt of the United States is now at $8.248 trillion, which is $8,248 billion, which is $8,248,000 million, which is enough to make instant millionaires out of 2.8% of the population of the country! We owe, as a taxpaying nation, enough money to create instant millionaires out of almost 1 in 30 people in the country! My God! My eyes bug out of my head and my stomach churns, going gorp gorp ga-lorp, at the very thought of such monetary, financial, economic and social malfeasance, and I think to myself, "Do I have enough frozen pizzas and ammunition to sustain me during the economic upheaval that is coming?"
Now you want to know, "What upheaval?" Well, on the WorldNewsTrust.org site we read "The Laboratoire européen d’Anticipation Politique Europe 2020 (LEAP/E2020) now estimates to over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929." I re-read and re-read and re-read that part about it being "comparable" to 1929, which is the year that the stock market crashed and ushered in the Great Depression. But there is, so these guys say, only an 80% chance of that, which is the exact odds my wife figured of our marriage lasting less than a week. They are obviously not interested in my matrimonial problems, and blithely continue, "This last week of March 2006 will be the turning-point of a number of critical developments, resulting in an acceleration of all the factors leading to a major crisis, disregarding any American or Israeli military intervention against Iran. In case such an intervention is conducted, the probability of a major crisis to start rises up to 100%."
Of course, I could not let it pass without a snide and sneering comment that the Treasury Department of the United States has now, illegally, put us $64 billion dollars farther in debt, in just a couple of weeks, than is authorized by law! As aghast as that makes me, I can only imagine with horror what foreign creditors make of this terrifying development, now that the damned Treasury Department has proved to the world that laws mean nothing to it, nor to the executive branch, nor to the legislative branch, who all sit there watching and doing nothing.
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http://worldnewstrust.org/modules/AMS/article.php?storyid=2403
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