"How Long Until Obama Starts Writing Checks"?

Back to the Future:  The “Stimulus” Act of Early 2008

Let’s all take a trip back to February 13th, 2008.  Our war mongering 43rd President, George W. Bush, freaked out by the impact of the subprime crisis on the U.S. economy announced the now almost forgotten “Stimulus Act of 2008.”  A big part of this typical Keynesian stimulus (remember Keynesianism is not a partisan thing it is a economic religion handed down by the Fed to both the Republican and Democratic establishment) was simply writing checks to people.  At the time, I criticized it harshly and said it would lead to massive inflation.  Guess what?  Oil was trading at about $93/b and five months later it topped out at $147/b for a monster gain of 58%.  Then all hell broke loose.

George W. Bush should actually be a hero for most of the fake liberals and fake progressives out there that just spout meaningless drivel about how things should be without ever bothering to look into and understand how the global financial system actually works.  That would be too much work.  It’s much easier to just be ignorant and support “your guy” as they county goes down in flames.  The reason the fake liberals and progressives should love W so much is that at least he just wrote checks to average people.  Obama is the biggest puppet of the banking oligarchs in American history.  I mean this guy’s entire administration so far has revolved around printing money and handing it out, but rather than hand it out to the people he gave it all to the banks that cratered your children’s futures in the first place.  Of course, in order to give away trillions to the financials oligarchs that should be in prisons as opposed to the petty dealers caught with dime bags that fill the prison you need to give the money away in secret.  In comes the Federal Reserve.  To make matters worse, after the Fed and Obama bailed out the banksters the next way to hand out money was defined in Jackson Hole Wyoming in August of last year where Banana Ben Bernanke laid out his plan for QE2.  The unstated yet stated purpose of this policy was to juice the stock market.  He has succeeded wildly in this manipulation until now.  Again, it isn’t the 44 million (a new record every time the data is updated) Americans on food stamps that benefit from this policy, it is the financial oligarchs that game the system and push the stock market up until the point that retail investors finally buy the stocks from them and then they are permitted to crash.  Don’t play their crooked game, don’t buy stocks buy physical gold and silver and take this nation back from the sociopathic financial control freaks running it now.

How Long Until Obama Starts Writing Checks?

The big news this week from Saudi Arabia is that upon his return to the Kingdom after a three month medical absence, King Abdullah has decided to implement a massive $36 billion payoff to his people to stem off any revolt.   Amongst other things:  “The measures include a 15 per cent salary rise for public employees to offset inflation, reprieves for imprisoned debtors, and financial aid for students and the unemployed” according to the Financial Times.  Interestingly, this is exactly what I said would happen in my recent interview with Max Keiser from last week.  Please take the time to watch as it offers more detailed analysis on how I think this will all play out.  It is in three parts and I have gotten great feedback so far.  Link below.

http://www.zerohedge.com/article/mike-kriegers-latest-interview-max-keiser [1]

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