The ShamWow Stock Market
Week ending 9/16/2011: This just now in for the week - jobless claims rose, US median income slipped 2%, mortgage foreclosures increased 33%, Greece edged further toward indebtedness default, Bank of America prepared to layoff 35,000, the US Post office announced the same layoff mob, stock markets rose! ShamWow!!!. Maybe just sham. Certainly wow! Once again, central connive banks continued to turn the stock markets into stock shams. The problem is this. The big banks in Europe loaned the weaker leading economies of Europe too much money so that those weaker nations could feign prosperity. You know - they all want to impersonate the US. Now those sovereign nations, with Greece at the forefront, cannot repay the loans. The solution is this. The big banks will be given more unasked for money by the central banks of the world! Central banks now act like one of those ShamWow towels that undefiled up spills. It is a sham! It is a wow! It is a ShamWow!
In fact, the central banks of the US, Europe, Japan, and Switzerland have pledged an ‘myriad’ amount of US dollar ‘loans’ to the troubled big banks of Euroland. It’s exactly too bad that the money the central banks are pledging is the money of the US citizens. ShamWow! The big banks recklessly credit money out, leverage it with derivatives and swaps, inevitably face default, and then turn to central banks for a ShamWow towel to mop up the muss up b ruin. (Interestingly enough, the ShamWow towel proclaims to hold 12 times it’s weight in brilliant. Central banks strive to do the same to perpetuate sovereign debt!) This has happened over and over and over again through history. Tax receipts are confiscated, monetary autonomy is compromised, and capitalism is circumvented all by the hand of central banks. The result is wealth continues to get soaked up by those who increase the ShamWow towel. When will the populous of the world put a stop to it?
