This post has a lot to do with the crisis in Cyprus. I’ll get to that under “the news.” I find it fascinating and it may factor into the final segment on Slavery In America as our countries’ problems are more connected than one might expect.
I’ve been brainstorming lately and have started more draft columns than I know what to do with. Except, I suppose, I have to plug along and get them out. I appreciate your patience. I also appreciate all of your comments and feedback. Hint: use the site more for comments. Get a discussion started! Take it off my subject, do as you please. Within the past two days three people have given me the same general comments about some articles I wrote but they did it via email, texting, and in person. That’s great but it doesn’t get far into the greater world. Post something and you will become a published author (Perrin pays no royalties..), of your comment! I will keep it up unless it is inappropriately directed against a person or a people or is something I know to be slander or otherwise illegal (not that you guys think like that). Give it a shot! And, now….
The news:
For all my recent rants on Cyprus, I have neglected to explain how and why the Cypriotic people have landed in their current mess. I read an article today that does a great job on that point, even citing the Hon. Ron Paul: http://theeconomiccollapseblog.com/archives/the-big-banks-are-recklessly-gambling-with-our-money-and-it-will-cause-the-global-financial-system-to-collapse.
It started with the big banks in Cyprus. Like their international brethren, these banks gambled like drunken sailors in the derivatives and bond markets (including the highly popular Greek bonds, the stench of which is still smelt around the Mediterranean. That means they took the money of their depositors and wagered it on highly speculative garbage. Had they won the bets they would have kept all the profits. In fact, they lost. Rather than assume the losses as they would have the profits, they crawled to the den of the local politicians and begged for a bailout. The Cypriotic slimballs then slithered off to the rats and roaches at the E.U. for a bailout of their own. That bailout came with draconian terms of repayment – not by the criminal bankster and politicians, but by the hapless people whose money was gambled in the first place.
So, now the people are paying through the nose for the reckless actions of those persons who owed them a fiduciary duty in the beginning. This turns logic and ethics on their heads. I think a mass public hanging is in order.
You may know that this gambling problem is not contained to the lovely island of Cyprus. Giant banks, insurance companies, and financial “services” companies the world over engage in similar activities. The process is so loose that no-one knows the true extent of the liabilities which the people will, at some point, be left holding on behalf of the super-rich. The estimates range from a paltry $600 Trillion to $2+ QUADRILLION!!!! U.S. giants have an exposure conservatively estimated in the hundreds of $$Trillions.
The bailouts following the 2008 financial crises only ran into the scores of $Trillions (another unknown number). That small amount wrecked the U.S. economy, which has still not even began to properly recover. A $Quadrillion dollar bailout will DESTROY the world economy. The ramifications will transcend a recession, speed past the worst depressions ever experienced, possibly landing us in a dark age. We need to warn banksters and political criminals now they dare not force such a train wreck upon us, and if they do, they can expect the gallows will await them. You with me?
Obamacare seems to be coming apart at the seams or at least delayed here and there. In the meantime, it is accomplishing its goals of destroying healthcare and making certain people rich. Thanks again, Mr. President!
And, speaking of Presidents… The Living American Presidents Club will reconvene at the opening of W’s Presidential Library in Texas. I hear the Library will contain three redacted filed from the War in Iraq, one of Ben Bernanke’s used handkerchiefs, and a redacted picture of Barry the First Dog. Here’s a picture of the Club members from 2009 (it’s shocking that I find the little guy standing by himself on the right the most respectable of the bunch):
(This, sadly, is the best America can do. Time.com.)
I always had a sneaking suspicion I liked Maya Angelou. Now I know why. She recently shocked some liberal reporter into near cardiac arrest by telling the tale of how she fired a gun at a would-be burglar. When the cops showed up, she played dumb. Go Maya!
China has joined in the potentially lethal soap opera that is North Korea. The ChiComs are moving massive military assets to the border of Un-Land. Conventional wisdom says the Chinese will back their communist “brother” the nut job. I think that is wrong. What if Beijing is finally fed up with the perpetual embarrassment next door and has decided to step in and end it once and for all. What if they pre-emptively crush the Un-Circus Regime? How would that effect profits for the Amerikan military-industrial complex? Food for thought.
By the way, there is a theory out there that the elites have ginned up the Korean War (redux) in order to divert attention from the impending global financial collapse or the effects of the collapse once it occurs. Jeeez…
The U.K. Mail reports that poverty in the U.S. have spiked to 1960-era levels. One can usually count on honest reporting from foreign sources far and above that of the domestic presstitutes. Remember the 60’s? That was when L.B.J. embarked on the “War” on poverty. Since then we have spent trillions of dollars to end poverty forever. I think we can now safely declare the “war” a complete and dismal failure. It’s kind of like the war on drugs, the war on manufactured terrorism, the war on men, the war on guns, and all the other “wars” of late. Perhaps Congress will now end the poverty crusade and repeal those attendant useless programs. Perhaps the sun will rise in the west tomorrow.
In other news, a basketball coach was fired for yelling at his players. This important story has likely received more scrutiny at the water coolers than those above. Woot!

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