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Tuesday, January 1, 2013

Keep moving, everything's fine, nothing to see here

Phew, at zero hour the Senate cobbled together a bill that would ensure a continuation of out of control deficits, wild government spending, and a loophole riddled tax code that allows the Finance-Banking class that is raping the country to continue to pay no taxes.

The Banking Finance class that benefits from this status quo awarded us all with a giant rally in the stock market.  They're happy, so we should be happy too.

And the Financial News led by Banking Finance Class cheerleaders like Dennis Gartman hailed the deal as great news for the markets - and the economy, while recommending that public finally dive back into the markets and buy great deals like Real Estate Stocks, while selling their gold.  After all, gold is just for Crisis-Nuts, and there clearly is no crisis here.  Or in Europe - as everyone was quick to point out - the crisis is healing there.  (Except, of course, sourpuss Angela Merkel who had a few choice words of disagreement, but there's always going to be a few stick-in-the-mud types at any celebration.)

Nothing to see here, everything's fine, keep moving....

One Tea Party Nut in the House sourly remarked remarked that the "deal" would only insure that the Federal debt will explode from 16 Trillion in 2012 to 23 Trillion by 2016.  Bah Humbug.  He even suggested the House might not vote for this deal.

So what?  Like the Finance-Banking sector can't afford to pay off enough house members to get this through?

Critics point out that this just kicks the can down the road for a few more months.  Like that's a criticism.  That's the point, stupid.  Kick, Kick, Kick.  Who says we can't kick the can forever?  The debt never had to be repaid.  So what if it gets to 100 trillion - or a quadrillion?  Big Deal.  The Banking class can just print more money - and give it to the Finance Class.  So none of this should affect them much.

It's worked just fine so far.  At least for Banking Finance class.  

And the rest of us should just be happy they can continue to live in the lifestyle to which they've become accustomed.

Happy New Year.

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