"Politics is no more than show business for ugly people."
So with this quote in mind I bring you to interview from late October with Senate majority leader Harry Reid which I somehow managed to miss. (hap tip to the Drudge Report for pushing it center stage!)
The interview which was done by MSNBC and can be seen here, in it Reid had the unmitigated gall to say the following:
"But for me, we'd be in a world-wide depression."
What does one say about this? Can words properly convey your astonishment or anger at this self-aggrandizing psychopath? I think not. It's been said we get the government we deserve.
While on the topic of government I wrote earlier this month a piece entitled What If the Culture Dies I hi lighted a piece out of the Telegraph in Britain called Savers told to stop moaning and start spending. In the piece, one Charles Bean, the deputy governor of the bank of England said
"savers should stop complaining about poor returns and start spending to help the economy".
Well, it is one thing when abject idiocy is being foisted upon the populace of a foreign country but quite another when it happens here at home. So not to be outdone by their British counterparts we now get this.
In a recent interview that I happened to read while surfing the net, one Charles Evans who is president of the Federal Reserve Bank of Chicago revealed that he seems to be drinking the same kool-aid Mr. Bean is in Britain as he uttered the following:
"But the current circumstances are really extraordinary. It seems to me if we could somehow get lower real interest rates so that the amount of excess savings that is taking place relative to investment is lowered, that would be one channel for stimulating the economy."
Spend more, save less?
Are you kidding me?
Does he really believe this drivel he's spewing?
I mean, how stupid does this idiot Evans think we are?
Actually, maybe quite stupid if he (the Fed) were to judge us (the nation) by what we watch on TV (Dancing With the Stars, American Idol) and what we pop in our mouths (Prozac, Zoloft) daily.
This is who's in charge of monetary policy in this country and similarly in Great Britain?
Please tell me no.
Where on earth do we find village idiots like this Evans. Is there a machine that spews them forth via an assembly line. Ivy League colleges? No Please tell me no!
It seems they have invaded positions of policy like a plague of locusts.
Destroying everything in their path. I have said before that either they are lights out stupid or they are corrupt and conniving and know exactly what they are doing with an end goal.
With this in mind, either side you fall onto, I have often stated that with the likes of this ignoramus Evans in charge we don't stand a chance.
Are you starting to figure out why now?
The brazen looting of this country is of epidemic proportions. A complete ponzi scheme from top to bottom with, as of today, no one behind bars. But thats what happens when the criminal elelment takes control of the system right in front of us in broad daylight.
Now back to our regular scheduled programing of green shoots and economic recovery via the mainstream media.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $98.74
Long 2 units U.S. Dollar Bull ticker UUP @ $22.56 stops @ $21.94/$21.44
Long 1 unit Powershares Gold Double Short @ $9.07 stop @ $8.67
Short 1 unit American Express ticker AXP @ $39.45 stop @ $40.51
Short 1 unit Apple ticker AAPL @ $312.25 stop @ $315.37
Short 1 unit IBM ticker IBM @ $139.95 stop @ $141.21
Short 1 unit Caterpillar ticker CAT @ $78.05 stop @ $81.71