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Thursday, December 20, 2012

The Needed Smackdown

* If you picture "Wall St" at the receiving end of the wrestling photos in today's blog, you'll enjoy them much better...

None of us here at A&G are really fans of professional wrestling but there's a term that is used in its marketing title which applies so well to what those on Wall Street deserve.

A "Smackdown"!

A very hard, deep-penetrating, intense Smackdown to shake off all the arrogance and hubris; this firmly entrenched notion that they are Superior and only their needs and wants are to be satisfied; where all political decisions must be for their benefit primarily..

And why?

Because 'we're 'Wall Street" my dear boy (or girl)... that's why'...

'And we can crash the stock market any time we wish...'
That was the tone of the intro piece to a 'Daily Ticker' video on the Yahoo Financial news site...  specifically it went something like this (in blue font)...

"Both sides have given up ground in the "Fiscal Cliff" negotiations in Washington, but the surprise tactic of the Republicans to put forth a "Plan B" has suddenly thrown the whole deal into doubt.

Republican House Speaker John Boehner essentially stormed out of the negotiations a couple of days ago and put forth his own bill, which he refers to as "Plan B." This bill extends the Bush tax cuts for all Americans except those making $1 million or more.

Greg Valliere, the Chief Political Strategist at Potomac Research Group, says the Republican ploy is the "worst case scenario" for the negotiations.

Valliere now thinks it is likely that the "deal" will slip into next year and may not happen as early in January as many people expect.

So, what would finally galvanize Washington lawmakers and get them to do what American citizens elected them to do?

A stock market crash.
If Wall Street finally begins to believe that this isn't just kabuki theater--that our leaders really are incompetent and might drive the country off the cliff--the stock market might drop in anticipation of a coming recession... (this) might suddenly wake up the politicians, who would then begin to worry about getting fired because of the crappy economy."

So in case you missed it, the video's introduction stated an opinion by a guest which was used as a 'teaser' that if Wall Street can not get the two sides to work together (to ensure Wall St pays less taxes than it would without an agreement), that is not only a perfectly sound idea to purposely and intentionally sabotage the stock market, but really a necessity.

Pretty scary if it could happen even in mere theory..

Even 'poop one's britches' scarier that it HAS happened before..

This was done specifically in late 2008 when the original TARP failed even though all those corrupt bankers and their bought-and-paid-for political lackies were crying "The world is going to end!" because the sensible ones dared to actually want time to study the 1,000+ page bill first...
We're sure the politicians did feel that way especially since the vast majority were/are multi-millionaires who at the time we're allowed legally to insider-trading info which influenced their investment choices for many years/decades..

So former Treasury Secretary under George W Bush, the super-corrupt former Goldman Sachs CEO Henry Paulson orchestrated behind the scenes for the market to drop around 2,000 points in a span of 4-trading days and magically.. and we do mean Immediately after, the bill was passed..

And within 8 trading days, Wall St recovered those 2,000 pts..

$700 to the Banks with no oversight as to who got what and how repayment was to commence.  They goal then was to give to All banks even if they didn't need the money so you dear people were not to know which banks were in dire straits (and you'd pull your money) and which weren't...

And so this piece of shit... this nobody-nothing Greg Valliere, the Chief Political Strategist at Potomac Research Group is openly advocating the same...

Find a consensus that appeases Wall Street or we'll force you to..
And how that is different than say a spoiled child demanding the biggest slice of the cake or he/she will push it off the table and smush with his/her feet, we really don't see..

Wall Street desperately needs a Smackdown in the worst way... 50+ months of being coddled and protected and insulated from the global economic realities...among them that we are still in recession!   It didn't 'stop'..  its been one continual long slog...

So when the pundits say 'recession if no cliff deal..' they are Liars.. simple.

If you must compile tens of thousands of dollars of student loan debt before you're old enough to step inside a casino so that eventually you work for Staples or such place, then no, there isn't a recovery...

If men and women over the age of 65.. some at 70 still Have to work not because they wish to but out of dire necessity because their savings interest rate has been cut to 1/100th of a percent which by extension ends up blocking the upward mobility of the younger generations, then no, there isn't a recovery...
 If the unemployment rate drops Only because millions upon millions of people have given up looking for work out of frustration and despondency and their only means of survival is a government check, then no, there isn't a recovery...

And Wall Street is to blame...

They.. the financial sector... they screamed and 'squeaked' hard for their wheel to get the grease and once applied, they never let go of the can... simply hid it for the future.. their future..

We hope this nation goes off the so-called 'cliff' and if so, we look forward to hearing the beautiful sounds of thousands of Investors, traders and financiers openly Hiss-Seething...

'Hissssssss...'