“Maintaining Order In The Financial Markets” Means “Fucking Over Ordinary Americans To Protect The Superrich”


These continued Fed interest rate cuts are bailouts of the greedy superrich using money stolen from the pockets of ordinary Americans.

You know who was on CNBC Squawk Box this morning practically begging the Fed for another rate cut, talking about how “good it would be for the economy”? Motherfucking Hovnanian! You think what’s good for him is good for you!? Are you fucking kidding me!?

All this talk about “maintaining order in the financial markets” is about making sure that the superrich get a nice soft landing for their soft greedy asses, while ordinary Americans pay for it through their fucking teeth.

Watch as the dollar totally fucking collapses. By the time the process is complete, the superrich will have retreated into fixed assets and commodities positions. You know who’s going to be left holding worthless fucking dollars? You, me, and fucking China.

Comments

  1. juniorprof says

    This is a nightmare! My house is worth less than I paid for it, every asset I have is in the tank, my savings account is actually losing money with inflation and dropping interest rates and Bush is thanking his economic advisors for working over the weekend. FUCK

    On the Bear Sterns thing, correct me if I am wrong… Chase gets them for nothing and with backing to 30 billion of taxpayer money if more subprimes fail. Those subprimes will fail. The next exposed bank will get bought and the precedent is set for equal security on subprime exposure. More of the bill gets passed onto us up to potentially utterly staggering amounts. So we’re left holding the bag on thousands of worthless homes and hordes are put onto the streets while the idiots that failed to see that they were making unimaginably horrible fiscal decisions make out with all of the secure assets. The next generation of robber baron has been born (again).

  2. says

    I think you’re pretty much right. I get most of my economic information from Agonist and RGE Monitor. They are real experts, especially Nouriel Roubini (professor at NYU).

  3. juniorprof says

    I went over to Roubini’s blog (are you going to pay for my high blood pressure meds now?) and read the top post indicating that the above scenario is more or less correct.

    My grandfather has shared many stories of the great depression with me. Everything I learned about it in college and further reading pales in comparison to his personal story (which I know is far from unique). I hate to think in terms of worst case scenarios but it would be silly to ignore their possibility… I see no indication that people with the power to effect some change are motivated to do so for those of us that are vulnerable. On the contrary, they are increasing our vulnerability and making decisions that will prolong our potential suffering.

  4. says

    Yeah, Roubini is a pessimistic motherfucker, but he has so far been close to exactly correct in his predictions starting in early 2006.

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