It has been a slow day and I have only contacted my friend on the East Coast and The Hermit down in Tennessee. And I want to tell you that the shit is flying 90 mph. The main thing is the money the fed is printing up to handle all these bail-outs. I mean we were about a TRILLION hooked when Dubya decided to bail-out the bad mortgages and now he is adding SEVEN HUNDRED BILLION DOLLARS to that already prodigious sum. The boy has gone bonkers. Just last week the Chinese said they don't want any more dollars or Treasury Bonds. They want Gold or Euros or British Pounds or ANYTHING BUT DOLLARS. If you haven't got the message as yet, the majority of the world's currencies are fiat currencies and they are created out of thin air at the rate the printing country wishes them produced. And the USA wants them produced quickly and in great volume. And like I said, the Chinese don't want them any more! China, Russia, Japan and the Middle East have kept this country afloat for a few decades now and we are about to shit on them most voluminously. We are rewarding our friends with a stiff uppercut to the chin. All the help they have given to keep the American economy up and running is going to get them taken down the path of poverty. What a friend they have in 'Merica! And is this going to make them angry? You bet your ass it is. And I know you don't know this because the media doesn't want you to know this, but the government of China has survived THREE COUP ATTEMPTS IN THE LAST FIVE YEARS! You are fed the word that the Commie government of China is all cowed down and humble and obedient. Nothing could be further from the truth. Those nasty fuckers have may ten out burst a DAY over there. They get mad and they start coming out of the woodwork with rocks and Molotov Cocktails and clubs and maybe even a rifle or two. Like I said, they are nasty fuckers and the Chinese government does not want to go too far pushing them around. Or there will not be a Chinese government. While the Chinese have the financial nuclear option with our money, they also have to face the HUNDRED MILLION or so of their angry citizens if they screw up. And a hundred million ain't even 10%. Think about it. I know "I" don't want to go pissing off a hundred million Chinamen. No sir! But, I don't have any problems with the Chinese. They pretty much stay at home and mind their business. And we should very closely watch their behavior and copy it.
The nuclear option for China, and a few other countries, is if they dump their US currency reserves on the world market for about 10 cents on the dollar. If that happens, you will be paying about $30 dollars a gallon for your gasoline. At least for a while until the fedgov really gets the printing presses cranked up and we get Zimbabwean inflation going good and strong. At that point you can start using it to start your fires in the morning. You might start a fire at your local bank if you're bored. Won't be anything in there worth saving anyhow. Fire it up!
And how about those Middle East oil producers? Let's see here now, the Sauds were installed as the ruling monarchy of Arabia in 1930. The Wahhabi sect had the honor of doing that. It might interest you to know that Osama bin Laden is a strict Wahhabi Muslim. And so far the Sauds have gotten way with a lot of dealing with the western nations. But if the US pisses the Wahhabi's off with a cut throat business deal, you an kiss 30% of your oil good by. There will be Saud blood seeping into the sands of Arabia in large quantities. And the Wahhabi will get the job done. And what if Saudi Arabia decides to give TEN MILLION BARRELS OF OIL TO EGYPT EVERY DAY? For little or no money? All of a sudden the Wahhabi would have the most populous Muslim nation in the entire world in their corner. Lots of guys carrying AK-47's. Israel? Who is Israel? I heard they disappeared.
It is thundering up a storm outside and I am getting off this machine and getting it unplugged. But I think I have mentioned enough to keep your mind active for awhile. Welcome to global politics. And stay alive.