It's All About the 115 Trillion Ton Gorilla in the Room...It's a Pretty Big Thing

Dear America,

happy thursday.

to save time, let's just assume I know everything...

that's kinda funny, isn't it.  read it on a t-shirt once and stored it away with the apples of my cheeks just waiting for the right moment to insert a nugget of silly.

Considering the mood I'm in and from where I sit, me thinks the world could use a little silly.


Scratch that -- we have the world on fire in every which way to Sunday and what do we silly Americans do?  Escape -- as the top Google trends in recent days have included Demi Moore, Kim Kardashian, gift ideas and apple juice...

seriously people?

As if we don't have enough issues here at home with our own Central Bank "helping" us too much, now we have to be concerned with the entire world of central banking going gangbusters and global.  And the market is happy with this?  [see Wall Street's best day in years, just yesterday; right...but we hate Wall Street....I betcha even Alec was okay with what happened @Wall and Broad...tweet that, baldwin-boy]

If you have some time, here is an interesting overview, from The Atlantic. In a nutshell, here ya go:

"Don't be fooled by Wednesday's early stock-market rally: Hardly anyone believes that the central banks' actions are anything but scotch tape over the shattered window of the European economy."

got that right.

We, the people of silly Americans, are all aflutter from a five hundred point leap in the market, when we are in fact trillions in debt.  And we're not talking about the mere 15 Trillion it shows on record as our 'national debt.'  Hardly.  We're talking T  R  I  L  L I  O  N  S.  Honestly, it's an amount that will take multiple generations to pay back...if ever.  Collectively, we have stored in the apples of our cheeks not for the future, but for an onslaught of future unfunded financial liabilities, and all we keep doing is try to stuff in more.

From my favorite libertarian hang out, The Daily Bell, I bring you sustenance, including alternative perspective with plenty of back up [and may I recommend you take a basket with you...plan to camp out, take a picnic perhaps, for there is just way to much going on here].

Like most things, some of the most fascinating information comes underneath the article itself within the commentary back and forth.  The Daily Bell responds actively to questions posed by suspect minds, sharpening the original argument to it's finest pithy points.  Let me elaborate a wee bit....

From The Real Reason Bloomberg Sued to Open Up Fed Records:

"There have been a lot of reasons advanced as to why the New York Fed printed as much money as it did, but most of these elaborate justifications are just that ... justifications. What the elites of the day did during the "Roaring Twenties" (that they created) was to DELIBERATELY destabilize and undermine the system. It was probably done on purpose (in hindsight) to create a depression and perhaps a war that could then give birth to a new world order.

And in fact, this is exactly what happened. World War II gave way to a whole panoply of global institutions: the IMF, the UN, the World Bank, the World Health Organization, NATO and more recently, the International Criminal Court. We are expected to believe this was some sort of coincidence, a "reaction" to the second Great War. Was it really? Can we STILL be so sure in this era of the Internet?"

From The Daily Bell, in the comments section:

"The Fed, headed by Chairman Ben S. Bernanke, argued that revealing borrower details would create a stigma -- investors and counter-parties would shun firms that used the central bank as lender of last resort -- and that needy institutions would be reluctant to borrow in the next crisis. Clearing House Association fought Bloomberg’s lawsuit up to the U.S. Supreme Court, which declined to hear the banks’ appeal in March 2011.

$7.77 Trillion

The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

----

The 7 trillion is only part of about US$16 trillion that was revealed by an audit initiated by Congressman Ron Paul ... We subtracted about US$3 trillion because ... "Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows."

Our central bank has already loaned out $3.08 trillion to financial institutions in the U.K., Germany, Switzerland, France and Belgium ...according to our own GAO!  Who's paying for that?  I'm not paying for that.  Are you?

Oh, but lookie there, Paris Hilton just got a new 280k Ferrari...
and Demi and Ashton are splitting up...

and Kim Kardashian is divorcing her husband of 78 days...

and...

and...

and...

and we're trading dollars for euros on borrowed time.  everything should work out just fine.

Make it a Good Day, G

OWS should be storming the White House and The Federal Reserve Bank.

This might be a good time to sell.  But what do I  know, I'm just the 115 trillion ton gorilla in the room.