Worthless Treaties That Don’t Mean Squat To The Great White Father In Washington (Mogambo)

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Richard Daughty, the angriest guy in economics -- World News Trust

Jan. 31, 2007 -- On behalf of those of us who demonically persist in pointing out the sheer inflationary horror of what is happening with the Federal Reserve, the banks and the money supply, I want to commend Barron's for restoring their reporting of the Federal Reserve and bank data. On behalf of a grateful America, I say "thank you!"

And since we are talking about it, and since that is all I seem to talk about, I will note that Total Fed Credit, the fabled fountainhead from which springs forth, literally, money from thin freaking air (by creating credit, which creates debt, which creates the money, which inflates the money supply, which causes price inflation), has slowed its rate of growth, and last week actually showed a decline in Total Fed Credit of $8.9 billion.

This is, obviously, the proverbial good news/bad news situation, in that it is good that the Federal Reserve has stopped its insane inflation of money and credit which creates subsequent inflation in prices (which is the killer-diller), but it is bad because, by this time, we are so far gone that the only way this idiotic government-centric economy can keep going is by continuing to create -- forever! -- exponentially rising amounts of money and credit/debt! Forever! Hahahaha!

For a dash of some modern, mood-appropriate, surround-sound ambience, I now cleverly cue up a soundtrack of distant thunder and multitudes of desperate, tortured people wailing in despair. And over this mournful dirge I bellow, "And now we're not, all of a freaking sudden!" Boom! Crack of thunder!

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http://www.worldnewstrust.com/index.php?option=com_content&task=view&id=909&Itemid=9999

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