Ray Suarez, a correspondent for PBS, claims that only racism is standing between Obama, the Messiah, and a Reganesque landslide come election day. Damn those whiteys for pretending to want to know if Obama is a Muslim when what they really want to say is, hell no, we don't want no black president.

This would the same clinging to their guns and Bibles crowd so well understood by Obama. This would be the same hate filled group who make stars out of Denzel Washington, Halle Berry,  Kobe Bryant, the Williams Sisters, and Tiger Woods. 

Suarez, a typical liberal, believes that anything short of complete and utter adoration, means that you must be a bona fide member of the KKK.  Whitey can't appeal the racism charge. To deny it would only prove the charge.

So the Obamaniacs won't deign answer the pseudo-controversies of Obama's background or his proclivity for American hating homeys, because that would give credence to bigoted right wingers.

James Carville, the snake-eyed snake of a liberal apologist, also warned whitey about rioting if Obama isn't duly coronated come election day.  Carville obviously has a rather 19th century idea about black Americans.

Stand up against liberal racism, vote against Obama because he is unfit to be president.

European Nostrodami Thursday morning thought the Dow might touch 8750. It did but didn't like it and proceeded all the way to 8579.19. Wiping out 5 years of market gain (and we haven't even factored in inflation! Just check the chart above for that extra little bit of dismal news.) Note the base year-- 1913, the year of the FED's creation!

One year ago the Dow was a record high 14,164! But that was small potatoes since the gurus were predicting the Dow would quickly reach 20,000.  We were going to be awash with money. US market losses on Thursday totaled $872 BILLION. Total losses since the market high is $8.33 TRILLION!!!!!! 

                                          This is nearly the NATIONAL DEBT!!!!!!!!!!!!!!

Now, lack of credit is the problem, so we are told.  This week I have received two offers for credit cards.  Just sign up, no tough questions, not much checking the facts!

My Uncle Lou said his Uncle Lou thought that grabbing a dozen more cards, maxxing them out, then going bankrupt was the road to riches. It certainly doesn't sound any less moral than the scam AIG just pulled on us.  Nearly half a million for a retreat for execs.  I guess screwing up a major company and begging for $85 BILLION is hard work. Perhaps they were resting up to go back to Congress to ask for another $40 BILLION.  Gall comes by the gallon at AIG.  Too bad it won't run a Chevy V-8.

Where was the congressional oversight?

Stand up and FIRE. THEM. ALL. come election day!

Aboard the Titanic, mops and pails were of little use. Our $700 BILLION mop and pail seems as ineffective in staving off the inevitable. The world is headed for a deep recession.

The Rothschild controlled central banks are re-capitalizing the banks of the peons in a show noblesse oblige.  But, a world recession will not hurt the unholy wealth of central banks, like the Fed or the Bank of England. Money is just one conjuring stroke of the pen away!

Several TRILLION dollars has already been injected into the economy but still the patient fails to rally.

Snippets from news stories from around the world:

As world markets plunged, the candidates sparred over economic policy...

McCAIN CAN’T ESCAPE ECONOMIC MELTDOWN...

Overnight weakness in Asian markets (the Japanese Nikkei was down nearly 10%) spilled over to Europe on concerns about tight credit and slowing economic indicators...

Bad news for retailers, since the holidays, usually a busy buying time, are just months away.

Taxes will have to rise or government spending will have to fall, if not both.

Mr. Bernanke called the financial crisis “a problem of historic dimensions”. (Bennie the Bankster is an EXPERT on the Great Depression!)

The events of the last two weeks have clearly revealed that the global financial, monetary and banking system ... is fundamentally flawed. This entire system is now in free-fall, collapsing into itself in one massive implosion.

If you have stock, watch what Warren Buffet does. If you have skills, be sure you buy tools now so you can trade skilled work for things you need. If you don't have skills, start studying to learn something practical. Grow your own food.  That advice is too late for this year but come spring, even if we are back on the road to Easy Street and living the Life of Riley again, start a garden.

Stand up and take responsibility for your own welfare. The clowns and scoundrels who got us into this will look out for themselves--again.

Well, it looks as if it will be drinks all round for terrorists come Tuesday 4 November 2008 in celebration of the lunacy of voters who elected the USA's first MUSLIM president.

McCain didn't give Obama the round house kick he needed to keep the least qualified and most dangerous presidential candidate ever in the history of the USA out of the White House.

Republicans seem to be sleep walking as they were back in 1992 with Slick Willy.  The response from conservatives and Republicans regarding the New York Times whitewash of Obama's ties with terrorists should have been loud and long but...

Sarah has been trying to point out Obama's links to very unsavoury people, but again the info doesn't have traction because Republicans are not pushing reporters and editors to report the news.

Unless polls are skewed by people afraid to buck pressure to be politically correct, it looks as if Obama will be declared winner by 9 pm election night.

This will be the most dangerous period in American history since the country in the nuclear cross-hairs of Muslim terrorists while it is undergoing a severe recession. Muslim president Obama, a radical socialist and racist, will push America to its lowest state since Lincoln took over. Obama is no Lincoln. Lincoln at least wanted to save the country.

This man is dangerous. He consorts with radicals who hate America. He worships at a black supremacist church. He is the most liberal person in DC!  He will inspire leftards in their economic lunacy and Muslims worldwide in their murderous jihad.

Stand up and regain your senses.

Brigitte Gabriel is one of few very courageous people to openly criticize Islam. She is trying to warn the Western countries about the dangers of Muslim birth rates and open borders.  Ms Gabriel emphasizes that the West's hospitality is not reciprocated by Muslims. Neither do Muslims adopt Western values.

Lebanon, formerly 90% Christian, is now a Muslim country. Once a prosperous, politically stable country, Lebanon is now run by the Muslim thugs of Hezbollah and the economy is in ruin. This is the typical state of Islamic economies, according to the very pro-Islamic Useless Nations. Not even UN  apologists can make a silk purse out of a pig's ear.

Any Westerner who looks upon the fate of Lebanon sees the future of Europe and real danger to America and any Westerner who then looks away is a traitor. Time is growing short. And the present moment is very dangerous. The financial crisis sends a nearly irresistible signal to the followers of the moon god to attack us.

We must stop the advance of Islam.  Ms Gabriel's new book details how to do just that.  Listen to her interview on Blog Radio.

Stand up against the Islamo-nihilation of Western Culture. 

President of Iran, Amadmanonajihad packs a lot of evil into his Eva Longoria-sized carcase.

Zionist leaders are germs of corruption who will be wiped off the face of the earth, according to his recent comments translated by the Middle East Media Research Institute.

Apparently 2000 Jews control the world and Amadmanonajihad wants to pries the world free of their clutches by annihilating Israel. However, since the Mad Man claims Jews control the world financial centers, he would have to wipe out NYC and London as well.

The Mad Man also said nothing would dissuade Iran from building nuclear devices. He just shot his elfin finger into the face of civilized countries around the world.

The French president and foreign minister believe Israel will nuke Iran shortly. What is the USA and its allies doing to get prepared for this?

Iran is believed to have the Russian built S300 anti-aircraft missile defence system, described by the Pentagon as game changing. The missiles can intercept targets at altitudes of 90,000 feet and ranges of 95 miles and can take down cruise missiles, ballistic warheads and aircraft. But far from protecting Iran, this weapon almost guarantees that Israel will use tactical nukes and will use enough of them to obliterate Tehran and its fighting capability.

No one knows what this will set off.  With the world financial system on the ropes, a major conflict might send us spinning into a long dark period.

Is anyone actually thinking about what happens after the first nuke since August 1945 gets dropped?

Stand up and demand answers from your reps.

Warning: MUSLIM CATERWALLING at beginning of video. Turn down your volume!

It's just as well that Senate Majority Leader Harry Reid isn't the head of the CIA. Or the local Girl Scout cookie drive for that matter.

As the financial world teetered on the edge of a very sharp precipice, Harry steps up to a microphone and, after disengaging what little intellect he has, engaged his big mouth to say:

One of the individuals in the caucus today talked about a major insurance company. A major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about.

Short sellers rejoiced! But a lot of small investors or folks who collect, or hope to collect, pensions lost a ton of money. Democrats, always working for the little guy!

Harry needs to be relieved of duties and placed in custodial care or police custody. He is either too dim for the job or shorting the market. Either way, we can't afford him in DC.

Stand up and make that call! Harry Reid must go!

Heeeeeeerrrrrre's Harry!

Mr terminator is not looking in the right place. Figures for ALL types of credit -- business loans, real estate loans, consumer loans-- are higher than one year ago.  In the week that AIG was rescued, the supposedly frozen US bank credit market hit a record $7 TRILLION.

The ONLY credit number which is down, and that by only a few per cent, is inter-bank lending.  It seems that scoundrels won't lend money to other scoundrels!

The collapse of bad debt squeezes out the poor manager. It is not inflationary because the debt existed only on paper. The assets, if there are any, will be purchased at a rational price. New buyers can enter market because prices are lower.  But these buyers will be more prudently screened because no manager wants to lose money. Unless, of course, his losses are made good by Big Brother. 

Will credit get harder to get? Yes, in time and yes, if you can't afford to pay it back. In other words, the days of Liar Loans; Don't Ask, Don't Tell Mortgages; Just pencil in a figure for your salary-- are over.  Good management would never have created these alluring beasts in the first instance. 

But for the next little while, the $810 BILLION feel good bill will reward the scoundrels of poorly managed banks to have another kick at the can.  The prudent man loses because his minor losses are not covered by government.  The scoundrels have managed to inflate the debt of the country by nearly $1TRILLION (it will go past a TRILLION, you can bet on it) and still go on to create new risk.

Stand up and un-elect every single idiot who voted for this boondoggle.

If al Khyda is still organized, it would strike the West with another 9/11 sized attack now.  Imagine what damage that would do to a shaky financial system.  I've heard no warnings from our great protectors, although alert levels posted on the Homeland security web site are high.  To the drive-by media, it seems as if the bailout and the VP debate are the only things of note in the world at the moment.

But now vigilance is of paramount importance.  NYC and DC would once again be the targets. A hit on Wall Street could cripple the country for weeks and would almost guarantee a world recession.  A hit on Congress would produce an enormous power vacuum which would be filled by martial law.  The added advantage to the terrorists would be an immediate withdrawal of troops from Iraq, since they would be needed at home to control the American population and to protect against an invasion of illegals from Mexico.  In other words the attacks would turn us into something similar to Islamic paradises in the Middle East.

Is al Khyda still in business? Can it mount another serious attack? Is one already planned? Ramadan ended Tuesday 30 September 2008, so all Muslims are hyped up for Mo and the moon god. The time is certainly ripe.

Stand up and ask your reps-- Who's watching the door?

The present financial quagmire is usually tagged a crisis, though a true crisis is a turning point. I don't see that the leaders of the Western world are interested in turning from the present course.

Most of the fixes out there are simply bad tasting medicine, offered in hope that the system will cough up the fur ball choking it. But this fur ball is a tumour. Investors in the past have assumed that the US dollar was a good a gold, or at least, as good as paper gets. Along with this assumption, they formulated the premise of easy, cheap, and abundant credit. Endless consumer spending would pile up mountains of US dollars in interest. For the banksters this was better than a Ponzi scheme since no one had to recruit suckers to spend their own money. The banksters only had to offer easy credit and the promise of instant gratification, which is the drug of choice of all adolescents no matter what their age.

When credit cards really started to flood the market in the early 1970s, they were offered to the Greatest Generation, but those people were accustomed to being prudent with cash and more so with credit. My father and my father-in-law cut up the cards and tossed the wondrous offers in the trash. The next round of offers went to the Baby Boomers who started mainlining credit purchases with the same enthusiasm as they toked weed. We may have been anti-establishment but we weren't going to reject the wet dreams of easy credit, even if it came from Wall Street and Madison Avenue.

Now after 35 years of undiscerning credit purchases have created dog biscuit bakeries, warehouses of lavish plumbing fixtures, mall stores dedicated to selling M&M candies in brittle plastic boxes with a label advertising the latest Disney flick, and barbershops offering $400 haircuts, we are left wondering how to increase overall consumer spending on more useless items and services.

In this week of global financial uncertainty, I received credit line offers from WaMu and Wachovia. I called the Wachovia number and told the clerk I was unemployed but interested in the $10,000 credit line program. She was most disappointed when I declined the offer. I expect a call back any day now.

Stand up, grow up and learn the joys of delayed gratification.

NATIONAL DEBT (as of 1 Oct 2008) LOOKS PALTRY COMPARED WITH THE CREDIT-DEFAULT SWAP JUGGERNAUT!

Get ready to say credit-default swap. A credit -default swap is deadbeat insurance. If the debtor can't or won't repay, the insurer pays up. Theoretically anyway, because in the Alice in Wonderland world of higher finance, risk is dangerous enough to insure but oh-so-unlikely to occur. Credit-default swappers don't have even 1% of the capital needed to make good on defaults. They just didn't expect bad times. They thought insurance was risk-free!

So what! It's just another $700 BILLION. What's the big deal?

Well, the big deal is that credit-default swaps actually total $60 TRILLION as in $60,000,000,000,000 -- a number which is FOUR TIMES the GDP of the USA. Or put another way ALMOST EQUAL TO THE VALUE OF GOODS AND SERVICES PRODUCED WORLDWIDE FOR ONE YEAR. Spend $1000 a second since the birth of Christ and you will have spent about $60 trillion. WWII cost $4 trillion.

SEC Chairman Christopher Cox asked Congress on Monday for immediate authority to regulate credit-default swaps. Too late Mr Cox, the horse has bolted and the barn is on fire!

That the financial system has been run by pirates was revealed when New York state officials announced Monday they found that AIG had so many credit-default swaps that auditors couldn't calculate how much money the company had wasted.

No bailout can solve a $60 TRILLION problem. No one knows what a problem this size really means. But, we can be sure we are still looking at another 40 miles of bad road.

Stand up and start planning a simpler, cheaper life.

With calls running 10-1 against the bailout, 228 politicians voted the people's will on this just to keep their bums in congressional seats.

Men the ilk of Barney Bottom Frank, Chris Dudd Dodd, and Henry Chavez-likes-me Paulsen are still pushing for the socialization of America's financial system. And they may win a re-vote in the next few days.

A lot is still unknown about how this will shake out in the next few days. But the nearly 800 point slide in the Dow certainly has the power to change the votes from any soft supporters of free market economics. The fact that The Asylum formerly known as Great Britain promised not to bail out failing companies and then did just that, shows how panic can change hearts and minds.

Bailouts were initiated in Germany and Iceland. The governments of Belgium, the Netherlands and Luxembourg took partial control of Fortis Bank while Britain seized control of its biggest mortgage lender, Bradford & Bingley. And while we were watching all that, Wachovia failed and got taken over by Citigroup.

Stand up and keep the pressure on your reps! Socialization of our economic system is not the answer. Ever!

What a wonderful time to be in debt!  The Great Bailout Bill of 2008 will now include student loans, car, and credit card debt. Not your personal debt of course, just the lenders who were irresponsible enough to lend money on untenable terms.

The $700 BILLION bailout of the financial sector now includes $25 BILLION for the auto industry with no increase in overall cost. The geniuses in Washington can do amazing accounting tricks. One would think that $700 BILLION PLUS $25 BILLION would equal $725 BILLION.

The extra $25 BILLION promise was slipped into a stopgap funding bill needed to keep the government running beyond Tuesday!  So a bankrupt government is bailing out a bankrupt financial system and our major manufacturing industry.  We are borrowing money to throw at bad debt!

There is a fairy tale being told now that some of the bad debts will increase in value and the taxpayer will recoup part of the investment.  That simply will not happen.  The garbage the government will be buying has been offered to investors who found it stank so much that only the truly brain-dead would buy it.

Stand up and stick your snout in the public trough if you can. Otherwise, call your reps and stop this mugging!

Usually political leaders downplay problems. It's not good to scare the public because there's no telling what people might do in a panic. But for several weeks now the message from Washington has been scary bad.  The president and his men are talking systemic meltdown. Part of WaMu failure was due to talk of weakness.  My uncle Lou says there's nothing more fraidy-cat than money. 

Yet even with this recent example of a run on a bank, President Bush was still leaning on the panic button.  We need to fix this or the system will fail. I know you don't like paying for the mistakes of greedy SOBs but if we don't the system will fail.

Decisions made in a panic are usually ones to regret.  The Banksters have had years to plan this little tea party so you can bet there's more to the bailout bill than anyone is saying.  More than the tyrannical 32 words. It could be that even the President doesn't know what is about to be unleashed. But what is going to be unleashed will be done before markets open in Asia which means by Sunday night a very large chunk of the wealth of American taxpayers will be transferred to the already unspeakably wealthy owners of the world's central banks, and especially the owners of the privately owned Federal Reserve.

If the politicians are worried about there being enough cash to keep the system afloat they could send every citizen $2000!

Stand up and tell your reps not to be stampeded into giving your money to greedy, incompetent, and still enormously wealthy people.

The financial three ring circus continued yesterday as the bailout wrangling and the debate debate vied for center ring, to distract us just enough for WaMu to collapse. Overnight WaMu, (Could they have chosen a sillier name?) became the largest bank failure since the Great Depression! In fact this is the largest bank failure in the history of the USA. Just think of all the problems the bank had weathered since 1889. Yes, the financial system is in dire straits.

And yet, it doesn't seem to be the biggest story in the news, not even the business news.  Either we are numb or we are really believe the Great Bailout  or some re-written version of it, is going to make things rosy again. DO NOT COUNT ON IT!

WaMu is 8 times bigger than the $40 billion of Continental Illinois National Bank, which failed in 1984, and 10 times the $32 billion of IndyMac, which the government seized in July. Between them, WaMu and Lehman Bros accounted for about $1TRILLION in assets.  Both are bankrupt. 

When a TRILLION DOLLARS worth of companies go bad in a few weeks, it should be FRONT PAGE NEWS because it is front page news.  But the drive-by media are still content to feed us pap. And we are content to be fed it!

Stand up, Wake up, or Drink the Kool Aid!

President Bush came down hard on the panic button Wednesday night when he said our entire system is in danger and the clock was ticking. He wanted a panic so the following 32 words do not become common or even uncommon knowledge before the bailout was passed:

Decisions by the Secretary pursuant to the authority of this Act (the Great Bailout of 2008) are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Burn the Constitution and the Bill of Rights for they are only pieces of paper if this is allowed to stand. Either good men rise up or evil, deep dark, long-lived evil will consume what is left of America's liberty.

Stand up to tyranny. Call your reps now and repeat those 32 to them.

The Bailout will give the Fed even more power!

My Uncle Lou said, rather loudly, Well, Slick Willy just stuck his -- and you know I'm cringing because I have a teen age daughter but despite my glare my Uncle Lou steamrollered his way to the end of the sentence. Slick Willy just stuck his oar in.

Sticking your oar in means to mess things up, as in sticking an oar in on the wrong side of the boat.

Willy's saying nice things about Sarah!  Of course, I thought my Uncle Lou had been hitting the cider a little early this morning but, sure enough, Mr Bill Rodham Clinton said, My view is, why say, ever, anything bad about a person? Why don’t we like them and celebrate them and be happy for her elevation to the ticket?

I knew Bilary hadn't given up on another presidency!  said my Uncle Lou. This is a ploy to get Hilary back in 2012.

We shall now see the level of influence Senator Clinton's husband still has with the women who supported her.  My guess is quite a bit and his comments of admiration gives those supporters a way and a reason to vote for a woman this year.  Since America is so overly sensitive about race, I suspect the number of woman who defect to Sarah won't be known until the votes are counted. I don't expect it will show up in the weekly which way is the wind blowing polls.

If they ask if you'd vote for a black man, you gotta say yes. Or they call you a racist! My Uncle Lou also said, I would have voted for Joe Louis for prez any day but the only reason to vote for Obama is to relieve Jimmy Carter of the title: WORST PRESIDENT EVER!

Oh, Slick Willy also said that Sarah's hubby, Todd, was his kind of guy. We pray for Sarah and the kids sake that Slick Willy is wrong about that!

Stand up for rational voting.

Fed Reserve Chairman Bennie the Bankster today urged skeptical lawmakers to pass a $700 billion sweetheart deal for financial institutions.

I believe if the credit markets are not functioning, that jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover.

Then with great conviction Bennie, with tears in his bankster eyes said, My interest is solely for the strength and recovery of the US economy.

I suppose a man with this much compassion and patriotism forgets that the tax payers will be paying the $700 BILLION back to the private company which he chairs.

Not that long ago, Bennie opined that all was well in the halls of avarice. Now Bennie believes that the economy is already in the handbasket. He was so distraught that he pitched prepared remarks and spoke from his great bankster heart.

Don't look at the details nor consider the consequences. I, Bennie, head bankster of all the banksters, tell you we must ease Wall Street's pain by spreading it around!

So let's all be patriotic as Senator Biden suggested earlier and impose a $700 BILLION (remember government estimates are always low by factors of ten!)yes, a $700 BILLION tax upon ourselves, just so we can help the mega-rich escape the consequences of stupid decisions.

Papering over mistakes, even papering them over with money will not help us. Pain is on the way. There's no need to self-inflict any.

Stand up to banksters! Just say no to bail outs.

I must say I like this new political campaign style from the left. It's fair and balanced and substantive. Well, the little skit about incest in Sarah's family on Saturday Night Live might have been a bit old school, but hey, this is so new that no one really understands it yet. When he sobers up Al Franken and those wacky kids at SNL will make a very public apology.

Likewise, I expect an apology from Tim Robbins for comparing the Sarah/McCain campaign to lies from Charles Manson. What was Tim thinking? Perhaps he got a good look at Susan Sarandon in the morning. (Do Hollywood types actually sleep with their own spouses?)

It's not fair to bring up what Michael Dukakis said Monday about the Sarah/McCain campaign using the same race-based tactics that were used against him in 1988. Michael is still a bitter little man, and rightfully so, how dare anyone confront him on policy.

And I think we should chalk up the hacking of Sarah's email to the over exuberance of youth. And B. Hussein Obama's statement about John McCain gambling away your life savings. That's just the over exuberance of youth talking.

Stand up for real political discourse.

A good truck is a rare thing in Pakistan. Most vehicles are clapped out, hobbling, sway-backed mules of vehicles which burn heavy oil and fuel very nearly in equal proportions. Given the poverty and the need for transport, a man might be expected to find higher uses for a powerful, solid truck than to stuff it full of explosives and detonate it in the hopes that it killed hundreds of fellow Pakistanis.

The satan who planned the bombing of the Marriott Hotel in Islamabad on Saturday had his hopes cruelly dashed. Only 56 died though 266 were wounded. The powerful, solid truck was blown into flesh ripping shrapnel. The 1500 pound bomb dug a grave 60 by 25 feet and 30 feet deep, big enough to bury all the dead and the dying, and indeed is probably large enough to also contain the last hopes Pakistan had for law and order.

This will soon be forgotten by the world though the families so cruelly touched by the satanic doctrine will grieve a lifetime for their loved ones. It will soon be forgotten because other satanic acts will follow, and more bombs, more bombers, and more hatred will push it from the front pages around the world.

What Islam does to others it also does to itself. It creates so much hatred within the human mind that kindness cannot get a finger hold.

If this bombing were only about a sectarian struggle between Muslims, Westerners might be right to ignore it. But this bomb was aimed at a very Western idea--democracy and as such, that bomb is a message to us that Islam will never exist peacefully with the West. Islam detests everything the West stands for. And Islam is willing to sacrifice Muslims to show us the depth of its contempt.

Stand up for Western values.

Muslims are canvassing evangelical churches in southern Ontario, Canada asking to rent space for religious services. In effect, they want to turn a church into a temporary mosque. This is another example of Muslim deception, officially known as takiyya, designed to make Islam appear as a sister religion to Christianity.

The request is being circulated by email by independent Christian churches which means that some Christians have already been fooled.

Christians must be on guard about dealing with Muslims. Although it seems like a very Christian thing to do, co-operation with Muslims is always a one-way street and is working with the devil to spread the Satanic doctrine of Islam. Muslims use the legitimacy of Christian organizations in order to gain converts and accumulate power.

Asking to hold Christian services in a mosque would be met with demonstrations of outrage. There are no churches in Saudi Arabia because Muslims hold complete power there and thus have no need to co-operate with Christians.

Pray for Muslims to find Jesus. Work to convert them. But do not co-operate in spreading the lies of their moon god.

Stand up, stand up for Jesus, ye soldiers of the cross.

Lunacy on a truly historic scale is being revealed in Washington as congressional leaders conjure up a scheme to buy toxic assets from troubled institutions. Predictably the gang of thugs includes Treasury Secretary Henry Pat Paulsen Paulsen, Fed Chairman Bennie Bankster Bernanke, and Nancy I'm-the-Speaker-of-the-House Pelosi. Apparently they understood this had to seem to be bi-partisan so they can spread the blame later. In a sane world they would be worried about spreading the criminal charges. Tax payers are going to be on the hook for TRILLIONS!

The root cause of the stress in the capital markets is the real estate correction, Pat Paulson maintains. We're coming together to work for an expeditious solution, which is aimed right at the heart of this problem, which is illiquid assets on financial institutions' balance sheets.

The truth is the thugs looked the other way while financial institutions led by people of unbridled avarice were allowed to practice lending fraud on such a massive scale that it destroyed the integrity of the entire housing market.

Notice too, that although the problem has been known and growing for several years, only now are we coming together to work for an expeditious solution. Expeditious is a euphemism for poorly thought out but put into immediate action.

The Fed, European Central Bank, Swiss National Bank, Bank of England, Bank of Canada and Bank of Japan pumped $300 billion into money markets yesterday. This was a co-ordinated effort which should give everybody a moment of pause, since it means that bailouts are a planetary lunacy and not just American.

Although the details of the Deliverance from Financial Armageddon scheme are unknown stock exchanges around the world are quickly inflating. This is pure speculation since no wealth has been created and no fundamental changes have been made to the system that created the problem in the first place. This giddiness sent the Dow rocketing up like A Saturn V. These number Dow numbers though are just hot air. Nothing fundamental has changed.

Your son comes home drunk and broke. In the morning he's sober so you give him another pocket full of cash and he goes back to the pub. Do you expect he will come home drunk and broke again? My Uncle Lou would! Just as he expects the financial crisis to get WORSE.

Stand up and don't be fooled by financial flim-flam.

I bought it with the bailout money!

We are told the world is safer today because your tax bucks earned through your sweat  just got handed to disingenuous, rapacious louts who have already robbed you by depressing the stock market.  That was part of your pension which vanished in the 800 point drop this week.

To make real comparisons in future more difficult, AIG, presently a component of the Dow 30, will be replaced by Kraft Foods.  This is similar to removing food and fuel from inflation indexes.  Only good news will be reported!

Bailouts are a lousy idea because they remove the consequences of poor judgment.  If losses will be covered, you would be stupid not to bet on the longshot. If it wins, you get rich.  If it doesn't win, your wager is returned and you get to play again!  Nice deal. Try asking for that deal at the track sometime.

Bailouts will lead to more inflation.  The $85 BILLION to save AIG is additional money pumped into the system.  To that add the $30 BILLION to avoid the consequences of Bear Stearns' incompetence and perhaps $200 BILLION for the Fannie and Freddie nonsense.  And don't forget the TRILLIONS injected last December by the Fed and the Euro Central banks.  All of this money is now chasing the same amount of goods in the world.  Perhaps chasing fewer goods in some parts of the world as unemployment rises and businesses go bust.

The Fed does not give money away.  It must be paid back with interest.  Of course, it will not get paid back by AIG or whichever corporation is at the trough; it gets paid by you, Joe Mug.

Stand up and accept the thanks of grateful officers of AIG!

Looks like the glide slope of a brick, says my Uncle Lou.

He talking about the graph of the Holy Dow Jones Average which has fallen 7% this week, so far. That's bad news but worse news is that blue chips are down 25% since 9 October 2007.  But the worst news is that no one seems to have a clue about why what is happening is happening.

Except Warren Buffet, perhaps.

At Berkshire's 2008 annual meeting, the Sage of Omaha offered this insight into the crisis.

One of the interesting things said in testimony before the Senate finance committee came from two of the witnesses from Bear Stearns. 

We understood we couldn't borrow money unsecured. But we never dreamed that we couldn't borrow money secured!

If you're dependent on borrowed money every day, you have to wake up in the morning hoping the world thinks well of you.

When the boys in the driver's seat are surprised, you know the bus is well on its way over the cliff.

My Uncle Lou is no sage but he has said for years that every teat goes dry. The banksters have been sucking on the same teat for years and now, guess what?  She's dried up!

The talking heads are telling us to stay calm as months and even years of gains are eroded into thin air. Unlike the Fed, none of us can conjure money out of thin air.

Stand up and look for loose change in your Lazy Boy!

The Lehman Brothers are stock holders of a very important privately  owned company. Perhaps you have heard of this privately owned company, the Federal Reserve? So why has the Fed not extended a helping hand to family members?

The Fed had come running to save Fannie and Freddie. And earlier, the Fed handed Bear Stearns to JP Morgan, which is a share holder of the Federal Reserve. That's how you treat family. Why are the Lehman's being dealt with so harshly?

Bear Stearns got help because the Fed panicked at the thought of $9 TRILLION of derivatives going bad.  Fannie and Freddie were holding $6 TRILLION or about 50% of all the mortgages in the USA. That would have been a bumpy ride to insolvency. But Lehman Bros were just ordinarily incompetent and as such presented no threat to the stability of the system. Still, you never let family suffer if you can help.  So look for some deal to help the multi-billionaire family get by.  There's a hand reaching for taxpayer pockets I would bet.  I just haven't figured out the scam yet.

Don't cry for the Lehmans. They will come out of this smelling of money. Our money, unfortunately.

Stand up and hold on to your wallet!

Just a few days ago the news was nearly hopeful.