Panic Attack
Waiting for the Federal budget debates is a lot like waiting in the doctor's office. You have an idea about things you already know about, and will accept a definite maybe as good news. Old magazines that didn't interest you when they were new, aren't much of a distraction. So, here we sit. We've seen state budgets try on shoes that were too big for them. We've seen municipal departments worry about financial nail trimming, while hoping against budgetary castration. What will we be looking at in the coming months?
Right now, the word "Deficit" is a dirty word. It should be. The Federal Budget has been an interest-only loan for at least 35 years. We only thought the housing bubble was huge. The mortgage on the Federal Plantation is the riskiest loan in the history of mankind. The most stressful time for the U. S. economy is while the next fiscal year is undecided. This year will include a visit to the financial proctologist. You've probably wondered why the sun doesn't shine, there. I suspect that we're about to find out why we would really rather not know the answer to that question. We have been so focused on the things that are rammed down our throats in Congress, that we haven't paid any attention to the other things done to us. The things done by banks and corporation are done without ant prior public debate.
Since this is September, a refresher course is in order. When we were last at the scene of the public dole feeding frenzy, there was a closed-door meeting among the Federal Reserve, the U. S. Treasury and Congressional leadership. No details came out of that meeting, but it is obvious that the currency collapse card got played. Since then, the pile of chips on the table has grown larger than the table. We'll see who bluffs, who blinks and who calls, over the next few months.
Lest we forget, trade relations with China were a bit strained, last year. All China had to do was voice reluctance to buy any more U. S. Treasury debt. Financial stocks went into a death spiral. This year, the global economy is all dressed up in debt, with nowhere to go, but down. Everyone waits. The only known fact is that the Federal Reserve is hosting the party. Everyone has the expectation of drinking themselves under the table with debt. You know what happens when you keep bad company. You get a bad reputation. They go to Hell in a handbasket, and drag you with them, protesting your innocence.It would be way too late to protest.We didn't want God's provision and His ways, in His house. United States citizens choose to throw their lot in with the pimps and con artists in the Federal corporation, instead. If you don't want to fit that description, now would be a good time to get out of the Federal Reserve Ponzi scheme.
What do we do now? We wait and watch. We've seen the battle plans of the Corporate Wars, before. The global players are positioning themselves in the hope of gaining advantage and influenced. Populations are monetized and ready for the first ante. Your street could end up owned by one bank, your house by another, and your children by yet another. Your job isn't secure enough to be mentioned as an asset. We've seen all of this, before. We know that the media never calls anything what it really is. It should help to know that the words "budget" and "deficit" now have the the same functional meaning. This is what happens, when people don't know the difference between debt and money. People have no clue as to how the debt game is played. I hear it, every day. People believe that they can win the debt gamThey don't understand that they lost, before they were born. The mechanism to monetize them and extract the wealth from them has been in place for many generations. The old adage is, "Live and Learn". May we all live long enough to learn.
So, what does all of this mean? It means that we will see a budget crisis. Entitlement programs will tighten belts, sacrificed to ram through the healthcare agenda. Again I repeat the unnatural order of Corporatism: Government of the Corporations, by the Attorneys, for the Banks. Now, you should know what is going to happen, next. It's what the banks want.
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