Decline and fall (maybe) … Nov 27, 2010

A purely subjective look at our chances to survive those who rule us

Michael Collins

It will be months if ever before trials to start for the targets of the FBI raids. In the meantime, Congress failed to extend unemployment benefits for four million workers set to go off the rolls in January.

Will we survive those who rule us and those who aspire to rule in their place, that bipartisan coalition known as The Money Party?

The parade of indictments on Wall Street is just beginning. On Tuesday the FBI raided three major hedge funds (very large private, highly exclusive, unregulated investment funds that generate huge returns for the lucky few). There are more raids on the way, twelve according to one source. Business Insider's excellent article made clear what has the Feds upset: "What's happened, it seems, is that the government has discovered a huge ring of friends or acquaintances who all know each other." Its called insider trading, taking advantage of information to make those huge profits the hedge funds offer. Ten years after the Wall Street Casino opened, they're finally regulating. It may be time for a scapegoat. The hedge funds will do, it appears. The defendants may wish to put in an early bid for a conveniently located federal penitentiary.

Plan 9 From Outer Space is Plan B

plan 9 from outer space
Now that the bail out and throwing money to Wall Street for bad debt isn't doing much, today we had a coordinated rate cut from central banks across the globe.

More money is proposed so Americans can go shopping instead of producing and AIG gets another $38 Billion.

Considering the magnitude of imminent Economic Armageddon, in last night's debate what do we get?  Spend, Spin, Platitudes and our favorite distraction, tax cuts. I often think we would be better with static and noise emanating from the idiot box than this absurd, vague drivel or deflection through attack to avoid the specifics on what will they do.