“Class War”, “Deficit Hawks” and the feeding tube recovery
So, this is the takeaway from the Messiah’s tax deal with the Party of Wall Street: there wasn’t any tax deal. The agreement between the Messiah and the Party of Wall Street is an admission that the economy is officially brain dead and on complete life support. There is no recovery, there is only the false appearance of recovery produce by the expansion of federal debt.
Unemployment shows no signs of improving, job creation is negligible, the bankster mafia cartel’s quantitative easing money printing scheme has already failed and will fail again to generate inflation in the world market.
Of course, there was no recovery during the period 2003 to 2007, when the economy appeared to expand because of the increasing debt slavery of working families. The collapse of your income put an end to that Ponzi scheme, and the only thing keeping the entire global economic system from imploding is the judicious application of Washington debt manufactures to sustain the illusion of economic growth.
As the O’stimulus version 1.0 petered out, so did the recovery. And, it will likely be the same for version 2.0.
While the Party of Washington mobilized its useful idiots among the progressives to engage in a blatant class war against “the rich”, and as the Party of Wall Street deployed fear of US bankruptcy to drive its base to meet them, the Washington-Wall Street Axis negotiated a separate peace: to continue propping up an essentially brain dead economy with a feeding tube of unlimited public debt.
Progressives should have been warned in advanced: the Party of Washington does not engage in the language of class warfare unless they are trying to cover up their shameless and blatant treason against working families. The more insidious the betrayal, the louder the call to arms against the “rich”. “billionaires”, and “wealthy fat-cats”. Each new enslavement of the working stiff to Wall Street is always accompanied by a party announcement of a new era of freedom from bondage.
As for the Party of Wall Street: who are we kidding here? Look at the history of American public debt. The continuous stream of steady debt service oozing from the orifices of every government body — local, state and federal — is the mother’s milk of Ponzi economics. Public revenue and the power of money creation converted into an endless stream of safe Wall Street “investments” is the entire foundation of the fictitious economic activity and the ever lengthening social work week.
Once again, you have been played. But, you will never learn, will you? Even now you are angry at some imagined betrayal by the Party of Wall Street, or the Party of Washington — depending entirely on your personal ideological delusion.
Unfortunately, the joke is on you — you’re a pawn and the chessmasters move you where they see fit because you have not acquired the capacity to decide where your interest lie, and, hence, what must be your next move.
Today, Europe is deciding their next move: a bank run. Will they be any more successful than you. Perhaps not, but at least they are trying.
You can’t be in the game until you realize there is one.