Zzzzzzzzzzzzzzz “…so fucked you do not even know what is coming…”
posted by March 14 at 20:40 PMon
After today’s financial meltdown “[y]ou have to go back to the banking crisis of the Great Depression to find a moment when the financial system as a whole seemed so close to the precipice.”
A bit of commentary from the Exile, an alt-weekly for American ex-pats in Russia:
Everything about Bear Stearns collapse and bailout is a deja vu of collapse of Yeltsin-era banking system …
In Russia under Yeltsin, when a bank was close to collapse they always assured the public that everything was fine and they blamed “rumors” for causing problems; this week, the CEO of Bear Stearns and all the American journalists on Bear Stearns payroll blamed “rumors” and “irrational psychology” for causing a run on Bear Stearns’ money during the week. The purpose of these lies is that it allows the insiders to cash out their money while the rest of the trusting American fools keep their money in, only to lose it later. Then after the insiders cash out, comes the supposed “panic” and “sudden” collapse, best to take place on a Friday of course. The “sudden collapse” and “panic” gives cover for the next even bigger transaction: the connected Bear Stearns banker calls the Central Bank Chief Bernanke, just as Khodorkovsky would call Dubinin or whoever was Central Bank chief then, and naturally Bernanke gives to Bear Stearns as many billions as the CEO asks for, and everyone thinks it’s okay because the billions were necessary in this atmosphere of alleged “sudden panic,” as if Bear Stearns and Bernanke had not been speaking to each other like phone sex addicts every day 24/7 the entire week.
It is sad to see Americans imitating the very worst Russians 10 years late, what incredible fucking losers you are! And meanwhile the American masses have no fucking idea, free press or no free press, they just stand around like retarded jackasses with a sign on their backs that reads “ASS-FUCK ME”, because they trust their leaders. Americans don’t know anything about Iraq anymore except that they’re winning, they don’t know hundreds of billions being stolen in front of their fat stupid faces, they don’t know anything except where to find a bargain on hamburger buns. I almost cannot blame Bush and the bankers for stealing from American fools, it’s just too easy! Let the bloodthirsty corrupt elite steal from the bloodthirsty retarded masses, it will hasten the final collapse of this cruel and shameful empire called “America.”