Our Bozo Treasury Secretary Says China's Yuan Policy Hurts Global Recovery. Wants Dollar To Collapse To Pull Investment Into The United States.
Tim Geithner, former Clinton administration bozo and current Obama administration bozo tells us that China's yuan policy, which his bozo Clinton administration negotiated under the influence of their crooked bozo corporate masters, is hurting the United States and the global recovery. What recovery? More war spending, more home sales and selling more copper to into China's massive bubble constitutes a recovery?
We have been writing for years that currency appreciation by China isn't going to fix anything. (Although political bozos buy this neoliberal bulloney.) This hammering on China to basically allow the dollar to collapse is part of the neoliberal economy policy embraced by the United States starting with the Reagan administration (bozos) and continued all of the way through to the current clowns in the White House (more bozos). It's a race to the bottom of the barrel.
Those who can dumb down their currency enough supposedly win the economic game. Now you tell me, what kind of second grade math do these neoliberal political bozos summon up when they talk of such stupidity? Since when is dumbing down anything the key to success? That is, unless you are politician where dumbing down is a way of life. When was the last time that you wanted your investments or money to be worth less and less comparative to the rest of the world in some hopes it would eventually make you richer? This is the exact same dynamic that led to the Great Depression. The exact same. This is what happens when the American people allow political bozos to sell off our government to the highest bidder. Democracy fails and along with it the economy fails. When did politicians ever understand anything other than how to raise money for their own re-election or sell off our government for favor? Even President Obama, as smart as he supposedly is, and I am sure he is smart by some measurements, knows less than than most of the people reading this blog as it pertains to economics. (My point isn't to question anyone's intelligence but to make a point about putting unqualified political bozos in control of our economic livelihood.) And we believe these bozos are going to "save" our economy or turn it around? Are you kidding me? The only way our economy will turn around is when the political bozos and their corporate masters get off of our backs and allow the American people to turn it around. All in due time.
Geither, Summers, Bernanke, Romer, Goolsbee - everyone in the government assigned to major economics posts are economically illiterate as it pertains to engineering an economic turnaround. And our President is relying on these bozos for economic advice. Not only is China never going to listen to love poems written to them by American politicians but the market is also beating these bozos senseless; the political economics team wants the dollar to drop and the little greenback ain't listening. As well it shouldn't listen. Neither should We the People because they have no idea what they are doing.
A timeless maxim: Our politicians have been and always will be bozos. Well, give or take a few true leaders every now and again or some significantly small number of Congresspeople who actually are idealistic and wish to serve the public good.
So, starting with this timeless and universal truth, the American people need an economic model which takes substantial amounts of economic decisions out of the hands of the political bozos and puts it into the hands of the American people. You know, similar to how the Constitution does with our individual freedoms granted by our Creator or by nature or whatever you wish to believe. And how would that ever happen? Well, I am glad you asked. That would be via an economic constitution which cannot be tampered with by political bozos. Just like our individual liberties cannot be tampered with because it is protected by a written Constitution and the associated written rule of law. More on how an democratic economic constitution might work in the future. But in the mean time, do you really want Bozo the clown deciding your economic fate? Because he most certainly is. Wouldn't you feel much more confident of your economic freedom if it was protected under a democratic rule of law similar to your individual liberties? And no politician or any of their corporate masters could take it away from you because it was in black and white just like our Constitution?
But then if we had a democratic economic constitution that limited political meddling, what would our altruistic, self-sacrificing politicians (all of whom are sure to tell you how God is the very reason for their existence) do with all of their newly-acquired free time? Exactly the point. Well, I suppose they could do what Bozo does best. They could juggle balls, do magic tricks and make us laugh at their endless foolishness. Sort of like they do today but on more of a full time basis.
We have been writing for years that currency appreciation by China isn't going to fix anything. (Although political bozos buy this neoliberal bulloney.) This hammering on China to basically allow the dollar to collapse is part of the neoliberal economy policy embraced by the United States starting with the Reagan administration (bozos) and continued all of the way through to the current clowns in the White House (more bozos). It's a race to the bottom of the barrel.
Those who can dumb down their currency enough supposedly win the economic game. Now you tell me, what kind of second grade math do these neoliberal political bozos summon up when they talk of such stupidity? Since when is dumbing down anything the key to success? That is, unless you are politician where dumbing down is a way of life. When was the last time that you wanted your investments or money to be worth less and less comparative to the rest of the world in some hopes it would eventually make you richer? This is the exact same dynamic that led to the Great Depression. The exact same. This is what happens when the American people allow political bozos to sell off our government to the highest bidder. Democracy fails and along with it the economy fails. When did politicians ever understand anything other than how to raise money for their own re-election or sell off our government for favor? Even President Obama, as smart as he supposedly is, and I am sure he is smart by some measurements, knows less than than most of the people reading this blog as it pertains to economics. (My point isn't to question anyone's intelligence but to make a point about putting unqualified political bozos in control of our economic livelihood.) And we believe these bozos are going to "save" our economy or turn it around? Are you kidding me? The only way our economy will turn around is when the political bozos and their corporate masters get off of our backs and allow the American people to turn it around. All in due time.
Geither, Summers, Bernanke, Romer, Goolsbee - everyone in the government assigned to major economics posts are economically illiterate as it pertains to engineering an economic turnaround. And our President is relying on these bozos for economic advice. Not only is China never going to listen to love poems written to them by American politicians but the market is also beating these bozos senseless; the political economics team wants the dollar to drop and the little greenback ain't listening. As well it shouldn't listen. Neither should We the People because they have no idea what they are doing.
A timeless maxim: Our politicians have been and always will be bozos. Well, give or take a few true leaders every now and again or some significantly small number of Congresspeople who actually are idealistic and wish to serve the public good.
So, starting with this timeless and universal truth, the American people need an economic model which takes substantial amounts of economic decisions out of the hands of the political bozos and puts it into the hands of the American people. You know, similar to how the Constitution does with our individual freedoms granted by our Creator or by nature or whatever you wish to believe. And how would that ever happen? Well, I am glad you asked. That would be via an economic constitution which cannot be tampered with by political bozos. Just like our individual liberties cannot be tampered with because it is protected by a written Constitution and the associated written rule of law. More on how an democratic economic constitution might work in the future. But in the mean time, do you really want Bozo the clown deciding your economic fate? Because he most certainly is. Wouldn't you feel much more confident of your economic freedom if it was protected under a democratic rule of law similar to your individual liberties? And no politician or any of their corporate masters could take it away from you because it was in black and white just like our Constitution?
But then if we had a democratic economic constitution that limited political meddling, what would our altruistic, self-sacrificing politicians (all of whom are sure to tell you how God is the very reason for their existence) do with all of their newly-acquired free time? Exactly the point. Well, I suppose they could do what Bozo does best. They could juggle balls, do magic tricks and make us laugh at their endless foolishness. Sort of like they do today but on more of a full time basis.
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