I guess my jaw is just going to drop every day right into November 6th of this year. Yesterday, I stood agog as the U.S. National Media did not merely let slip their masques of “Objectivity” but tore them off completely in defense of their Dear Leader, The Obama. It was like we were back in the days of “Soviet Union,” when Pravda and Tass would not only mouth whatever “truths” the Soviet leadership would set them to, but also pro-actively attack dissidents of the regime in order to discredit them.
When our embassies in Egypt and Libya were attacked “coincidentally” on 9/11, and our Executive Branch Administration decided to respond with an apology instead of condemnation, I guess I wasn’t completely shocked when the MSM house organs (NY Times, Boston Globe, LA Times) buried the story well into their papers to clear room for important Romney/Ryan high school reportage. What was a shock, however, was watching the press go after Mitt Romney for – very appropriately, IMHO – condemning the wrong-headedness not only of the rioting Islamacists, but of the Obama Administration that was feeling their pain. Incredulously, I watched as the biggest media firms in the country went after Romney in a (now confirmed) coordinated attack like he was the guy who murdered our ambassador in Libya instead of being the only Presidential candidate to take time out of his day to remark upon it.
No, what was important to the press was that Romney was condemning the Obama Administration, and everyone knows that the Main Stream Media’s number one job is to advocate for the Democrat President, right?
Meanwhile, on day four of “Jaw Dropper Week,” we hear from yet another uncompensated (well, sorta) member of the Committee Re-elect the President Again (CREEPA) — Mr. Ben Bernanke. Not two weeks after Mitt Romney all but said that Fed Chair Bernanke was likely selling pencils come this January, the Bearded Bandit decided to show just how far he’d go to keep his job.
In a scene that seemed cut from the classic Mike Judge movie, Idiocracy, Mr. Chairman has decided to cut loose with your sovereign currency in such a way that soon we will be purchasing extra-wide checks to accomodate the extra zeroes we’ll have to write. And he’s not doing it in any kind of secretive “QE4″ way, either. No, he’s just going to purchase — with fake money! — US mortgage bonds, at $85 billion a month til the end of the year, and then $40 bn a month, apparently until morale improves!
It’s fucking mind-boggling, if you’ll excuse my French. Just stutteringly mad.
We are spitting in the face of people who hold our dollars world wide. We are saying, “See this? This hundred dollar bill? I wipe my arse with it! Have some!”
“Oh, yeah… and vote Barry so I can keep my job, eh? Thanks much.”
Anyone got a line on a wheel barrow factory I can invest in?
As might be expected, gold (+2.11) and silver (+4.33) are screaming. More analysis of the traditionals tonight, but the ETFs are your best bet at the moment (GDX, GDXJ, SIL, GLD, SLV, even AGQ and NUGT). Go nuts, mind as well.