Do you ever hear something so
startlingly mind numbingly ridiculous you realize it must be a sign things have
gotten so fucked up something has got to give? As I was driving to work
yesterday morning on the Schuylkill Expressway a commercial comes on the radio
from a plastic surgeon advertising for anyone looking for a better set of
boobs. I had never heard a plastic surgeon commercial before, so I thought that
was unusual. But, that wasn’t the best part. This plastic surgeon was offering
no money down 18 month interest free financing on your new boobs.
I wonder if they are moving
boobs with subprime debt the same way the auto companies have used subprime
debt to move cars. Of course, when a deadbeat defaults on an auto loan the car
is easily repossessed. What happens when a bimbo defaults on her boob loan? How
narrow minded of me. What happens when some dude who wants to be a bimbo
defaults on his/her loan? I guess it was just a matter of time before breast
enhancement met debt enhancement in this warped world of materialism,
narcissism, financialization, and delusions.
Now that revolving credit has
reached a new all-time high of $1 trillion and total consumer debt outstanding
has exceeded it’s 2008 peak at $12.8 trillion, the Fed has completed its job of
helping the average American again in-debt themselves up to their eyeballs.
This is considered a success story in this twisted, perverted, bizarro world we
call America today. The solution to an epic debt induced global financial
catastrophe caused by Federal Reserve easy money, Wall Street fraud, and
Washington DC corruption has been to increase global debt by 50% since 2007,
with virtually all of it created by central bankers and the governments they
control.
In what demented Ivy League
educated academic mind would piling $68 trillion more debt on the backs of
taxpayers as a cure for a disease caused by the initial $149 trillion of debt
be considered rational and sustainable? It’s like having pancreatic cancer and
trying to cure it with a self inflicted gunshot. And no one seems to care about
or even notice the coming reset when this mass debt induced hysteria of
delusion turns into the biggest financial collapse in the history of mankind.
This entire ponzi scheme
edifice of debt is nothing but a confidence game. When people begin to realize
they can’t repay their own debts, start to understand their governments will
never honor their debt based promises, and realize central bankers are nothing
more than pretend wizards behind a curtain, the confidence will evaporate in an
instant and a collapse which will make 2008/2009 look like a walk in the park
will ensue. That’s when civil and global war will engulf the world and teach
people real lessons about the real world.
The boobs on credit commercial
I heard this week is just another example of Wall Street and their Deep
State crony co-conspirators completing their scheme to financialize every
aspect of our lives and entrap us in chains of debt, beholden to these modern
day Wall Street slave owners. When you see the record number of retail
bankruptcies and store closings happening when GDP is supposedly rising by 3%
and witness with your own two eyes the number of vacant storefronts and
restaurants across our great land of materialism, you might wonder why
revolving credit card debt is at a new all-time high.
The answer is Wall Street has
successfully financialized virtually every aspect of our day to day lives.
Consumer and taxpayer transactions which required cash or check ten years ago
can now be paid with a credit card. You can pay your IRS bill with a credit
card. You can pay your real estate taxes with a credit card. You can pay your
utilities with a credit card. You can pay your school tuition with a credit
card. You can pay your rent with a credit card. You can “buy” furniture and
appliances without paying for seven years. And guess what? That’s what millions
of average Americans are doing. In addition, they are driving “rented” $35,000
automobiles on seven year nothing down payment plans.
This massive debt induced
fraud of a recovery gives the appearance of normalcy and stability. The stock
market is at all-time highs is used as the narrative of central banker success.
We’ve experienced extremely low volatility as the central bankers around the
world have coordinated their money printing/debt creating schemes to purposely
elevate financial markets to give the masses confidence that all is well.
Anyone with critical thinking skills knows all is not well. The longer this
fake stability is maintained the greater the collapse. Success breeds disregard
for the possibility of catastrophe.
So you can call me the boy who
cried wolf, but our Minsky Moment is approaching. Sometimes they do ring a bell
at the top. In this case they are shaking fake boobs at the top.
“Stability leads to
instability. The more stable things become and the longer things are stable,
the more unstable they will be when the crisis hits.” – Hyman
Minsky
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