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Oh? You didn't know that you got a raise? Well... let me explain it to you.
When the Boosh administration took over, they decided to have what is known as a "weak dollar" policy. This policy basically devalues the currency so that the American dollar is cheaper. It was sold to you in a packaging that claimed that your good and services would be cheaper to foriegn markets and therefore you'd be able to sell your goods to countries with dollars that were higher than ours. Over time, the weak dollar policy pushed the Euro, Yen and even the powerhouse to the North, the Canadian Dollar to record highs and the American dollar moped along at a sad pace.
What they didn't sell you in the package was the idea that when the "weak dollar" policy is in effect, your dollars aren't worth what they used to be worth. Let's say you made $1000 a week prior to the weak dollar program... after the weak dollar program and your money is devalued... though you still make $1000, your money is only worth about $900. Year after year, the ass fuckers in the Boosh administration continued to weaken the dollar using crisis management techniques that were sold as market corrections. Ever wonder why the Fed lowers the interest rates when the markets got in trouble? We were told that it's so they could dump more cash into the system and free up some money. That maybe true but what it also did was to further weaken the dollar by printing up billions and billions more dollars than existed previously.
So why is printing up more money bad? I'm not sure... let's ask the Mexican Peso or the Italian Lira or any other ridiculous currency that spun out in an inflationary maelstrom. See, money is a finite resource... that's why it has value. Shit is an infinite resource... which is why when they print money, like a shitting goose, the value of your dollar isn't worth shit.
Now, why on Earth would Wall St. want a weak dollar? Let's go back to the above $1000 scenario... if an employer who was once paying you and all his employees $1000 a week is now only paying out the equivalent of $900 a week, that company is actually saving money. Also, a weak dollar tends to drive the prices upward so he is able to charge more and pay less which makes a company that much more profitable. This is one simple reason, though there are a few more boring examples.
But you have to ask... wouldn't a weak dollar also hurt and devalue the money the Wall St. demons reap? That's a good question... yes, it does devalue their money as well... except they have one thing that you do not have... a Government that loves them and takes care of them. Over the past few years as the dollar was weakened, the Fed was able to tie those massive expansions of capital to a valuable asset... YOU. See, as long as you kept gaining in value, the Fed could keep expanding the money supply and the system would remain fundamentally strong. This is why old man shitty pants, Mr. McCain kept saying that the fundamentals of the economy are strong... he said this because he and all of Wall St. knows that the American people still have a shit load of assets that can be leveraged at any time and that you guys are truly just too fucking stupid to know that your pay decreases when the dollar goes down. As long as they can rely on the ignorance of the majority of Americans... Wall St. is safe and their America is able to leverage the expansion of the limitless profit margins.
Only... there's been a snag that none of them actually planned on. The snag was that the housing Bubble... the main asset YOU had... suddenly lost more value than could be recouped. The dollar became so weak that YOU couldn't pay for the mortgage... that cash cow they had been feeding with insanely low interest rates... now all of a sudden there was a looming problem: a weak dollar is fine as long as Wall St. doesn't feel the pinch but now Americans were in a position where they didn't have any major assets to offset the continual devaluation of the dollar... and the fed just couldn't print up a trillion more dollars and dump it on Wall St.
Or could they... Enter George "where's the WMD" Boosh... and Colonel "I've got hundreds of millions" Clink... and let them whip up a fear storm... "Al Qeada's" behind the mortgage collapse... and soon the American people will be forking over even their tax dollars to choke to death the failing dollar. This is where we are today... right now... Wall St. is set to lose big unless they can fleece the American people out of 1 more trillion dollar bill. George has promised to order Bernake to print up $1 trillion more dollars and dump it right over the heads of the Wall St. fat cats... keeping the dollar low and the wages low and the prices high and the profits high... because if they don't and Wall St.'s money evaporates and the number of dollars on the open market shrinks and the U.S. dollar begins to recover and the wages climb and the prices fall and God forbid the wealth begins to flow back into this economy then what? Well, then their wealth is less in comparison... see, if everyone is rich then no one is rich and that cannot be allowed to happen again.
See... that's what Clinton did in the 90's... a Strong Dollar led to the greatest period of prosperity for the middle class in the history of this world. But Wall St. isn't interested in the prosperity of the middle class... they are mandated to increase their own coffers and help raise up richer and richer clients... and that's why they must force this bail-out.
What will happen if by some further miracle our Congress decides not to give the money to Wall St.... an impossible scenario... then the dollar will rise, your pay will rise, gas prices will fall, milk prices will fall, the middle class will gain their feet once again and Wall St. will have to devise a new strategy to separate YOU from your money. This of course will take a little while... it's not an over night fix... in a few months after the liquid capital dries up and the dollar becomes more and more scarce then it will rise lifting millions and millions up with it. But that can't happen because Congress will buckle... yesterday's precipitous decline in the DOW put the final nail in that coffin... the millionaire's club will sell us all out and a strong dollar will be off the table. I guess there is hope that they won't... with the Republicans pushing for a blank check and the Democrats pushing for restrictions there doesn't seem like a middle ground can be found but the millionaire's club just lost about 10% of their portfolio's and they may take a moral stance when it doesn't cost them anything but when "they" start to feel the pinch the legislation will start flying.
And to those of you who lost your ass and your retirement in speculatory stocks... you know, IRA's and Hedgefunds, retirement accounts... this bailout wasn't really gonna help you very much. The bail out wasn't intended to help your kind of stock... it may have eased the decline, slowing it down a week or two but that money was meant to insulate the Preferred Stock holders and YOU other "Gamblers" were really gonna be left on your own. You lost money because the market was hyper inflated and Wall St. simply let out a little air... a giant fart designed mainly to scare the legislature into action but also to force you to come on board the plan. You won't get that money back because it wasn't really there in the first place... the gains you had were illusions created by a ballooning market and no amount of Government funny money was going to set you right. Wall St. is looking after it's own and they don't care how much you lost.. they only care about how much they stand to gain when they force us to weaken the dollar even more.
If you back this bail-out, you are cutting your own throats and you don't even know it. Yesterday, you got the biggest raise you ever got in your life and they are telling you that you're going to be poorer for it... but here's the thing... watch the price of the dollar over the next couple of days. Watch the bell weather price of gas as it begins to go down in direct proportion to the rise of the dollar. Imagine what happens to your pay check when the dollar gain's 10%. And then on Thursday... watch it come crashing back down as Nancy "Off the Table" Pelosi rushes the President's plan back onto the floor and crams it up the ass of every American. Enjoy your raise... though it's set to last only a few days.
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