Wednesday, June 29, 2011
Beware of Non-Greeks Bearing Gifts
The death pangs of Greece, as it is spirited away and thrown into the harem of the New World Order, continue. But the quote of the day comes from "Socialist critic" Vasso Papandreou: "Europe should be a zone of solidarity, but it is a jungle where the banks can do what they like." Well, yes -- but it's only a jungle if you happen to be on ground level. From the high, clear air that is the vantage point of the globalist banks, everything is going as planned, and any sort of minor anarchy on the part of the unwashed is no more than a minor irritant. And this is the lesson we have yet to learn over here -- that no matter how chaotic and difficult things become for the ordinary citizen, everything is completely under control. Throughout the recent and ongoing crisis, people seldom stop to ask, who is profiting from all this? Because someone is, clearly. Someone profited handsomely from the subprime mortgage extravaganza... someone profited from the stock market meltdown... someone is profiting from the bailouts and the "stimulus" programs... and so on. And these are not people who just happened to luck out -- who happened to be holding on to the right kind of paper at the right time. They made their choices -- their "investments" -- with the full knowledge that things were about to go off the cliff, and those investments were structured in such a way as to extact maximum profit from the woes, losses, and disappointments of others. And this, by the way, is why things are not going to degenerate into total anarchy, as so many doomsayers think. There is, and will continue to be, a "floor" below which things are not going to fall. And that floor has already been established -- but it has nothing to do with the best interests of ordinary investors, citizens, job holders, the unemployed, or the country in general. If any of those hapless parties should profit from what is going on, all well and good -- but it's just an accident. They're basically picking up crumbs that fall from the tables of the powerful. I can say that I got the hell out of the stock market before the big plunge, and then got back in (to a very modest extent) at about 8000, because I had a feeling that that (or 7000 at the very least) was the "floor". And yes, if things had really been as chaotic as the media claimed, the floor could have been much lower -- all the way down to zero, in fact. But I had already decided that nothing that was happening was an accident, and that there would be a limit to the "take" from the middle class that time around. As I pointed out at the time, the stock market is one of the primary means of income redistribution that the Regime has -- it serves to take money from the middle class and transfer it to the powerful... but not so drastically or obviously as to tip anyone off. And granted, a lot of people made the usual panic-stricken run to gold... but before long they were seduced back into stocks. The only question now is, when does the next big "take" occur, and I'm frankly hoping that won't happen for quite a while. I think that the powers that be have shifted their attention to other lucrative things -- like Greece, for instance, and the rest of the "PIGS"... or the perpetual, ever-multiplying wars the United States is fighting... or figuring out the best way to profit from our deficit spending and stupendous national debt. There are so many opportunities out there for the smart investor, but you have to be a member of the anointed elite to take advantage of them. Otherwise you're no better off than the country bumpkin sitting at a three-card monte table on Times Square.
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