Friday, December 02, 2011

'Toontme: "Dirty Hippies" Loose Again

[credit: Cameron Cardow, Ottawa Citizen]
Wackydoodle axes: Didn't I see that flyin' monkey before?
Its up to the the 99%ers to try and figure out an effective alternative means of protest now that they have been evicted and public parks surrounded with chain link fence in the name of sanitation. Rest assured that the guys in the towers have not missed a beat as their game continues.  Worldwide central banks released more dollar liquidity to prop up crumbling European banks and their interconnected US counterparts. Moody's was ready to downgrade 87 European banks, and Germany was proving to be unbearably recalcitrant in bailing out Europe when Bernanke unleashed the flood of cheap dollars (interbank dollar loans were reduced by 50 basis points and foreign currencyswap lines extended into February 2013 to stave off another liquidity crisis) that flushed the Ponzi (stock) market to its biggest rally of the year. It is interesting to note that Goldman Sachs, Secretary Timothy Geitner's former employer, has 537 times more in derivatives exposure than assets. And if that is not enough to demonstrate the power of the Plutocracy, the US Senate just voted to allow suspected terrorists including those captured inside the United States to be held indefinitely without trial in the custody of the US military. Damn the Constitution and full speed ahead, Mr. Mussolini.