I hope you assclowns have finished moving your money out of $USD denominated assets, because the stampede for the exit has started.

 

 

Some of you may remember my June 5 article on how the Obama gave Germany the proverbial finger when they asked for their gold back. Well as it turns out (and this shouldn't really surprise anyone who reads here regularly), that was only the overture. The curtain is going up on this little drama, and it's every bit as depressing as King Lear.

 

On June 8-9, members of the Shanghai Cooperation Organization met in Yekaterinburg, Russia to discuss how to extricate themselves from their own $USD holdings. Obama asked to be allowed to send an envoy to the meeting, but Chinese President Hu Jintao told him "是性交，象家一样不演奏那。", which is Chinese for "Go fuck yourself, Homey don't play that." You see, the US has been buying Chinese products and paying for it with money they borrowed from...the Chinese. The Chinese were getting screwed, and President Hu is finally saying "No more dorra fo you, round eye!"

 

Russia is also getting fed up with the Americans policy of hyperinflation. You see, Russia is an oil exporter, and because oil is priced in $USD, an American policy of inflation gobbles up any profits the Russian government makes from it's oil sales. They are obviously getting fed up with getting robbed as well, because at the aforementioned metting in Yekaterinburg, the President Medvedev puppet on Putin's hand suggested monetizing gold (gasp! Non-inflationary money? How will the bankers keep robbing us?)

 

And if this isn't quite enough to make you crap your pants, there's the article that I just discovered today which raises the spectre of a bank holiday in August or September, and that American embassies around the world have been ordered to spend massive amounts of $USD to aquire local currencies - enough to last them an entire year.

 

Even Leap2020 (A big European thinktank) is trembling in terror. They are predicting a "financial perfect storm" of

 

"1. Wave of massive unemployment: Three different dates of impact according to the countries in America, Europe, Asia, the Middle East and Africa
2. Wave of serial corporate bankruptcies: companies, banks, housing, states, counties, towns
3. Wave of terminal crisis for the US Dollar, US T-Bond and GBP, and the return of inflation"

and that the summer 2009 will:

 

 

There's no way to put a positive spin on this. Reports are coming in from every sector now, and they all say the same thing:

 

With all of these already rich bankers robbing taxpayers to make themselves even more rich, one is tempted to ask "Just how do they keep getting away with it?"

 

Well I thought it might be fun to delve into this discussion a little bit. Surely some tiny group of people could never gain so much power as to control the entire world, could they? Surey the people are smart enough to stop them, right?

 

Unfortunately, a quick tour of http://answers.yahoo.com/ tells us that no, in fact the people are not smart enough. Here's a quick sample of some of the earth-shatteringly stupid questions people ask:

 

i shove pizza crust up my butt when I get angry at my mom because i want her to get pissed because she has to take me to the emergency room. whats another way to get back at my mom?

 

ok im kinda worried here since my g/f got pregant and she isnt been havein her period do u think the baby is drinkin the blood?? she 6 month pregant.

 

This could be a phase. Is there some way I could find out if he's really gay? He's only 19.

 

 

Doesn't seem so surprising now, does it? It's not hard to stand head and shoulders above the masses when these are the masses .

I'm sure by now all of you have had a chance to see CNBC's most recent piece on Obama. Oh, it's a grand example of fellatio. Lots of fluff, not much substance.

 

But the careful observer would have detected a rare moment of downright frightening honesty starting at about 7:15 of part 1. It deals with Larry Summers (Everyone remembers him, right?) and a phone call with "the Germans". It seems pretty innocuous at first, and I'll admit I didn't pick up on it immediately myself. It wasn't until a few days later, when I stumbled upon this. Apparently, "the Germans" are demanding the return of their gold.

 

Now, I'm not normally one to immediately jump on the rumours circling the blogosphere, so I did some research. As it turns out, Germany recieved some 24,000 kg of "gold compounds" and another 5,000 kg of "gold scrap" in January 2009 alone. That accounts for approximately 12.4% of total exports for that month. Unfortunately, the figures weren't broken down for 2008, but if the percentages are even close, they recieved approximately 470,000kg of gold in 2008 as well.

 

Now I want my readers to pay special attention to the following paragraph, taken from the link above, and try to grasp the true scope of the problem: