I hesitate to say this but, is “Independence Day” about to become “Dependence Day”?

The other day when Obama was promising massive new funds to be spent on, I believe education and other areas of the economy…and pontificating upon the private sector coming to the rescue… it seemed to me like the final straw, the one that must truly break the back of any credulity that the man and/or his administration has. He is obviously a very intelligent guy so one assumes, as many here have, that he is either controlled or financially challenged. Whatever the case, he certainly can talk the talk. Just believe people. Just believe. Hey, if Oprah believes, it must be true. On the other hand, is he making a case for growing support of the Rush Limbaugh’s’ (extreme right), the Glen Becks’ and the Ron Pails’ of the USA? Just what is the polarization danger? Don’t forget the conspiracy nuts and rumors about a planned US default in the next six months, bank holidays, accumulation of dollars by US Embassies, a government controlled by the Fed., Treasury and overleveraged Goldman Sachs (with new salary increases and bonuses)…and, wait for it…the manipulation of gold and silver. I daren’t mention 9/11.

Total destruction of the economy is good for US banking predators…and has been since the inception of GS way back in 1869. Total control of government is the goal. The inventor’s of the duplicitous gold certificates centuries ago… and latterly, fractional reserve schemes… along with Investment Trusts and derivatives have never looked back. And guess what, you have to take it or leave it because Ben says an audit of the Fed will destroy the America Economy. Guess the waste/graft/corruption in the Pentagon and Defense Dept. will just have to be overlooked. There are wars to wage “over there”. Step up the campaign in Rotghanistan and leave your flank open in Iraq so that thousands of your sons and daughters will be slaughtered in the name of peace and freedom during the coming years…all the more reason to wage more war. Give “hope” a chance. Spend more trillions you just don’t have. Undermine the economy, freedom of speech and free enterprise in the heartland. Make absolutely sure the banks end up with it all via government loans at fire sale prices and to the misery of all. Take total control.

The debt has shifted from the East to the West just as ownership of gold has “opaquely” done the opposite. (One western holdout, The Deutsch Bank is waiting…and waiting…and…for the US to send them back their loaned gold. Whoops!) Will those beholden in the past forgive the sins of their “creditors”? Are there scores to be settled? When will the $ trillions being printed in a QE scheme desperate attempt to underpin bonds, the dollar and the US markets finally fail? Jim Sinclair is giving it about 125 days now…Hint: California is paying with IOU’s. And that’s just for starters. Kentucky is letting prisoners out of jail to economize. How’s that for a risk reality? That’s an economy that is bigger than Canada’s. By the way, what did happen to all that missing Canadian Mint gold? Maybe Jon Nadler can find out. But what the heck…rationalization has been thrown out the window and spin is in. Lower the capital ratios…that otta fix things! When is that off-balance sheet stuff going to be priced into the market??? ($813 Trillion OTC derivatives). Where are AIG and Merrill? Who is getting paid for all that debt?

Coach makes a good point. We deserve our fate. Expectations are almost in the realm of fantasy. Many have a sense of entitlement that defies belief. Laziness, complacency and ignorance fuel the belief that government should bail everyone out. In Canada, for example, hospital emergency rooms are swamped with drug addicts demanding repeat prescriptions of drugs and a free cab ride home. An emergency room doctor who worked almost every night shift for a year and suffered a heart attack is admonished for making over $500,000 before taxes and expenses…while a hockey player just signed a contract for $62 million over 8 years…and that’s okay. We won’t even mention bloated government bureaucracies, lobbyists, fraud, etc. The system is truly off the rails Coach.

Whoops…fell into a rant. I feel better now.