DID THE CLOCK STRIKE MIDNIGHT FOR THE ECONOMY?

George Offerman

The internet has been abuzz with loads of information and speculation concerning this MF Global failure (Now we know what the MF stands for) and what it portends for the future.  This is juxtaposed to the MSM which is downplaying this event, and making it sound like Jon Corzine was just a disinterested CEO looking on with little to no responsibility for what occurred at his firm.  Based upon the reactions from many differing factions, it would appear that this ‘event’ may very well be the tipping point that is going to start the roller coaster on its wild ride.

The more I read and the more I think about what has happened over the past two weeks, it is seemingly clearer that we are in major trouble.  There are many who have rightfully claimed the markets have been corrupt for some time.  There are others who have proven beyond a doubt the Comex has been manipulated, at least concerning the precious metals for at least 20 + years.   However, I cannot recollect at any time, where there has been a breach in trust, in which individual customer accounts were raided to pay off bad derivative bets and at least some regulatory body coming forth and making the injured customer whole again.

This is unprecedented, and beyond a doubt, is having a very chilling effect on the market.  It is with little exaggeration that everyone who has accounts in any forms in any of these companies has now been given a warning sign in neon lights: get out of the market!  NOW!!!  It is so crystal clear that if one is in the elite group, he can expect to be bailed out, pronto by the Federal Reserve on the taxpayer’s dime, but for the rest of the 99%, we are clearly on our own.  This system as it is run currently is so brazenly corrupt that it is no longer done in the dark, but in the light of day, and with little to no consequences for the perpetrators.

So, the question is, how long can an openly corrupt system operate, when it is crystal clear the average Joe cannot trust whether he can safely grow his money in the system as it is?  If the average Joe cannot grow his money in a system that he has been told is honest and right, then where does he go to grow his money?  And what becomes of this system once the majority of the ‘Joes’ gets it and decides to abandon it?  Well, this seems to be where we are at this moment in time.  Will (or can, or should) the system survive?  There seem to be many compelling reasons to think we are seeing the ending of the current economic system as we know it.

The whole reason for why the average person participates in any of these markets is to increase his net worth in order to something that is seemingly becoming more out of reach: having a better life for himself and those he loves.  When it dawns on enough people that this whole system is rigged against them, they will decide to not play anymore, and will demand that justice be done for those who stole their money from them.  Since our government has clearly not prosecuted any of these thugs, and it is looking less likely they will go after the Obama crony Corzine, the only option left for most people is to take all their money out of this corrupt system and put it in something safe, that will offer a fair and honest return on their sweat equity.

So, we very well may have hit midnight on the economy clock, as it is very apparent we are on our own to make our own future.  The new paradigm will involve being productive and will be a cash and carry system based on real and honest money.  It is now the responsibility of the individual investor to make up their minds and to act.  Time is of the premium now, and action must commence, or it very well may result in many people’s untimely demise.

THIS BS IS GETTING TOO DEEP

George Offerman



Soon we will have to break out the shovels to get through this entire BS landing all around us. The fight over raising the debt ceiling for this bankrupt nation, and all the lying and posturing by both parties and the clown in the White House is such a joke that it would be funny if it did not have such serious and negative ramifications. The fact that these idiots are posturing each other over doing the right thing is nauseating at best and treasonous at worst. They are betraying our country, and the banksters are the ones benefitting.



Let’s be real: the debt ceiling is going to be increased. There is no possible way these fools will allow, or are able to allow default on the debt at this point. It is inevitable default will occur, but not at this time. The fundamental underlying economic problems have not been addressed, nor will they in the near future. So borrowing more money to keep the current ‘lifestyle’ going for another round is necessary to keep the natives from revolting. What is dismaying is the numbers of people that want the party to continue despite the very negative ramifications that are being seen everywhere in the country.



What is even more dismaying is the lack of preparation by many who see things are wrong, but seem to believe these matters will resolve themselves magically. There is little to no urgency in either the political or personal arena as both politicians and most of the citizenry merely complain about this situation, but don’t do anything meaningful about resolving it. unfortunately, it will take an empty belly and living in the elements before the majority will wake up and understand the reality that all this fiscal irresponsibility has sown over the past several decades.



We have watched our way of life change before our eyes because it became too inconvenient and uncomfortable to fight against these forces. So it became easier to do little to nothing, and allow ourselves to be entertained, while also accepting the premise that we were entitled to the fruits of others labors (Thou shalt not steal). This deadly combination is the genesis of our problems, and since we have not repented of these evils, the consequences of our actions are now here, and pay we will.



In the meantime, we will, in a perverse twist of fate, be entertained by all the idiots pretending to be representatives of the people and watch how they will blame anyone but themselves, or of the nature of the nanny state in which too many want for too much in which they’ve earned none of, but fully expect the maximum of what they are ‘entitled’ to. The debt ceiling will be increased for sure. This showboating is nothing more than field dressing for the next campaign, similar to the ‘efforts’ to defund planned parenthood were a few months ago.



There is no intention to change anything about the current situation and anyone who is distracted by this crazy show will simply be further behind the 8 ball concerning any personal preparation. It ought to be obvious to the most simple among us that we truly are on our own concerning our safety and future. The average man and woman are not benefiting from any of these deals; the mega banks and Wall Street are and they are not sharing. The taxpayer, however, is given the bill and basically told to take a long walk off a short pier. In a corporate fascist world, it’s the way it always is, and our time is no exception. We can get caught up in the bread and circuses and be entertained, or we can act quickly and do what we need to do to secure at least some provisions for ourselves and families before it becomes impossible to do. The clock is ticking.