DRANT #319: The CRASH- Don't Drink The Lehmanade

"---there is no way to avert the payback period that has been building for over two decades. Over this stretch, America has consumed much more than it has produced. As a result, both consumer and federal debt have ballooned to record levels. And now, the payback period is upon us. The bailout buffet won't end with Fannie (FNM) and Freddie (FRE). There's a lot more where that came from because the "Fed's food court" remains open, as does that of the U.S. Treasury. In fact, the autos are in the process of being bailed out with $50 billion in "loans." I expect the airlines to also receive some form of a bailout as well." Mike Stathis, Payback Period is Upon Us When most of you wake up this morning, you'll rise to the news of a massive Wall Street "crash", with stock prices diving, and US Banks disappearing faster than Cheney on 9-11. Breathless botoxed teleboobs will screech on about the bankruptcy of Lehman Brothers, about Merril Lynch doing a Jonah into the belly of the B of A, and how the U.S.A. -- meaning us, the schmuckoisie -- must once again reach into what remains of our pockets to "bail out" The Economy. But, remember DRANT's Law: when the media pimp choir all start singing one song, grab your bullshit detector and turn it to 11. It's not The Economy, stupid. Its just another day's work for the bastards who have been running these periodic "crashes" for years; another step in the most massive, flagrant and corrupt transfer of wealth in history; and yet another manufactured "shock" designed to induce ever more panic and fear in our poor little so far sonambulatory hearts. "---Around the world, ---there are people with power who are cashing in on chaos; exploiting bloodshed and catastrophe to brutally remake our world in their image. They are the shock doctors. Raking in billions out of the tsunami, plundering Russia, exploiting Iraq --- a few are making a killing while more are getting killed. Naomi Klein, The Shock Doctrine But- its good news ! This "crash" can be, MUST be the threshold - the snapping point where we will jump up, startled - out of our long years of snoozing. Where we finally get so critically wounded in our profound self-interest- we are at long last roused to action. From ICH: "---this shouldn't come as a surprise to anyone anyway. It's been developing for quite a long time. Eight years of stealing your children's futures to pay for killing someone else's children while you allow your own ability to produce anything to be shuttled off to the next generation corporate slave countries, does not make for a healthy economy---They took virtually all of your rights, all of your future, all of your money, all of your health, all of your respect, and all of your dignity, and yet some of you would still rather hear how great this country is than accept the truth about what is happening and why. It's the impenetrable American egotism that has led to this abyss and that has led you to be the least educated, most imprisoned, least healthy, most destructive, least honest, most hated populous and culture in the history of the world--and that is no small feat on this planet." Bill Noxid We have all been willing participants in the scam- cannibalizing the future of our children and grandchildren in our paroxysms of instant gratification, gluttony, and slovenly self-deception, so let's not grab the victim's makeup kit just yet. And just as we have stood by and allowed murder and torture in our name, so too have we wallowed in the trough of consumption, eating and driving and shopping and spending and consoooming the riches of this world, destroying the planet and all its creatures and inhabitants in our unquenchable lust and greed, and leaving the check to be paid by our kids. It was a grand collusion- with the Busheviks borrowing a trillion dollars from China, Japan, and various "sovereign" lenders, in league with all of us- borrowing hundreds of thousands against whatever we could- most often the very houses our families slept in at night. We saved nothing, vesting our belief in the self-deluding parlor tricks of speculative real estate deals, mortgage re-finance, credit cards, and unsecured loans. Annnd -- we were all gleeful players in an even bigger scam to finance the murder and genocide of War, in which we have been complicit, by not stopping the seven years of killing, and by paying for it. Our greed led us to murder. "---The central banks of China, Japan and Korea are major holders of these (Mortgage) securities---When you look at the balance sheet of U.S. assets available for foreign central banks to buy with the $2.5 to $3.5 trillion of surplus dollars they hold, real estate is the only asset category large enough to absorb the balance-of-payments outflows that U.S. military spending, foreign trade and investment-capital flight are throwing off. When the U.S. military spends money abroad to fight the New Cold War, these dollars are recycled increasingly into U.S. mortgage-backed securities, because there is no other market large enough to absorb the sums involved.---The Treasury therefore has given informal assurances to foreign governments that they will guarantee at least the dollar value of the money their central banks are recycling. --- A failure to provide investment guarantees to foreigners would thwart the continuation of U.S. overseas military spending!---" Michael Hudson, Global Research In the next few weeks: You will write a check, and the BANK will bounce. You will go to Safeway, and the shelves will be bare. You will have to pay cash, and that will be worth less than half of what it is now. Your IRA wil disappear. Your job will disappear. All the things you let yourself believe in -- that justified your greed-- will be worthless. And you will get scared. Finally. And you will try to blame Bush. Don't ya dare blame the Bush or the banks. We all went for it. We Americans like our redemption in painless easy-swallow gel tab form. No pain, no scars. Not this time. Now its time to fundamentally change the way we live, and the way our government is run. "The alternative of living a lie and serving the corporations that purposefully suppress and poison the true nature of this glorious planet and all of its inhabitants was just not mentally, physically, or spiritually an option for me anymore. Believe me when I tell you---It's not an option for you anymore either. The Universe is watching and you cannot afford to wait one more second to face the truth. It is imperative that you become the stewards and contributors to the Universal Consciousness that you are designed to be, before you face the threat of the end of your time on Earth." Bill Noxid If we are to survive, if we are to hand our children a world in which they have any hope of surviving, much less live decent lives, then we must assume total responsibility for what has been done. We must sacrifice and abjure our own comfort and ease, deny our self-gratification, and our self-absorption, and live for others. But this does not mean that we can allow the Bushes and the Bastards at the Banks to put the blame on us either. They have created this "crash" with an eye toward further destroying the very systems of mutual caring and human generosity that they dismiss as "welfare." They will use this manufactured financial "crisis" to further crack down on our rights, our ability to express our thoughts, our fundamental individual freedom. They will further encourage us to blame the "illegals" for the problems in our lives and in our "economy" and further inculcate mutual distrust and racial hatred. This crash that you will wake up to this morning must be - at long last-- the catalyst for action. It will not be nearly enough to rant, or complain, or demonstrate, or even to vote the criminals out of office, for in our complicity we have aided and abetted them, and removing them cures nothing. Each of us must take on the full task of making the change happen. Each and every one of us- one of us at a time. And it must start now. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~