Tuesday, November 29, 2011

REVERSION TO THE MEAN IS A BITCH

It's possible, however unlikely, the US may pull off the biggest fraud in history and become rulers of the world. The only thing standing in the way is capitulation by the whole world, including Russia and China.

Central bankers are in the process of taking over Europe. Greece has become the model by which sovereign debt is institutionalized across the western world, where financiers own the means of production and everyone else is a wage slave. This is the result of wealth accumulation in the top 1/10 of 1 percent of households.

The US budget deficit is a ponzi scheme, where more debt is issued to pay off existing debt. If the only way to save the Euro is to issue Euro bonds, then the Euro embarks on the same scheme. How many $T are needed? How far can the money supply expand before it becomes worthless. The people of PIIGS countries aren't too thrilled with austerity, US citizens would starve under austerity. The jobs it seems, have all gone to Asia, where workers work for slave wages. Another reversion to the mean is in order for the US labor market, not exactly propping up asset prices, except those being accumulated by the top 1 percent.

US Congress has been bought off, corporate executives have all been bought off. Wall Street has been doing the buying, but they're shills for the enormous family fortunes of the world, the billionaires. Why should the rest of the world live and work as their slaves?

REVERSION TO THE MEAN IS A BITCH

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