Who Will Ask for a Handout Next – Disneyland?
By Chuck Butler
So now the U.S. Treasury is bailing out AIG with conservatorship and a US$80 billion allowance for their newest member of the dysfunctional family.
What's next? Oh, I already know, the Big Three have asked for a government check, and before you know it, Disneyland will be asking for an allowance from the government! (Okay, I used Disneyland to show how ridiculous this has become.)
And the Fed decided to leave rates unchanged... I'm shocked! All throughout this past year, I called for rate cuts by the Fed, because I thought that's what they would do, not what I thought they should do!
Now, that I think they should have cut rates...they leave them unchanged! Clueless, toothless, delusional, there's lots of descriptions for the Fed Heads, and I can't pick one, because they all fit!
And still...people buy dollars. If there isn't a thing called the PPT (Plunge Protection Team), then I'm a monkey's uncle! Think about this long and hard...all this debt, and all the debt that has yet to be booked has to be paid back. And how does the government plan to do this? With cheaper dollars...With cheaper dollars...
Say that to yourself a few times and you'll begin to wonder what's going on with people propping up the dollar! With cheaper dollars, folks...With cheaper dollars...
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