The Fed’s Ponzi Scheme: “It’s none of your business where the money is going.”

UPDATE: As oversight of the fed bailout becomes more questionable by the day, now it’s clear large financial entities have been bilked by one of their own in an admitted Ponzi Scheme. It get’s worse with each passing day.

Let me see if I understand the issues. First, the mainstream media admits their election coverage was biased. Then a congressman thinks Obama may be a Marxist and is concerned about the Obamination’s comments from the campaign trail. Now, the promised transparency by Bernanke and Paulson is in the toilet, at the same time the feds are giving AIG more money. The growing credit crisis is worsening, including American Express getting in on the bailout frenzy. Obamination and Bush are talking about bailing out the American auto industry. And, to add frosting on the cake, AIG is telling bloggers that using our money is not only good for us but, that, using already swindled taxpayer money to tell us how taking more of our money is also good for us. Classic. Unfortunately, when we factor in Obama’s “Peggy the Moocher” supporters, the fact in 2011 the oldest Baby Boomers become Medicare eligible, the Medicare Hospital Trust Fund runs dry in 2017, the youngest boomers begin drawing social security in 2026, and the trust fund is penniless in 2041, one has to wonder where the money is coming from.

It appears to me the feds are running the biggest Ponzi Scheme in history. For, despite the feds’ assurance that taxpayers will see their investment returned and the economy stimulated (whatever the hell that means at this point), there isn’t any money backing up these claims accept for more taxpayer money!

Hello! Just what productivity and return on investment can we expect from AIG, the auto industry, and the rest of the corporate pigs feeding at the taxpayer trough when the economy is on the verge of collapse, consumer confidence is at an all time low, and the global stock markets are taking the biggest hits in decades? There aren’t going to be any “returns,” and Bush, Obamination, Pelosi, Bernanke, Paulson, and the rest of the bailout supporters know this! They’re just lining the pockets of those who took care of them over the years before the bill comes due, and come due it will.

It’s all a big fat lie and the feds are not too far from finally admitting we’re broke. And, at the end of the day, even the big shots who created this mess won’t be able to afford coffee at Starbucks. Then, again, there may not be a Starbucks. Talk about a crisis for leftists!

So what’s Obamination going to do besides undo Bush’s policies? Is he going to “man up” and tell OPEC to pound sand? Well this is where I think we’ll see some “real change” from Obama. He’s going to drop the Hollywood-style rhetoric and admit he doesn’t have a solution and there isn’t going to be any change.

Why?

Because it’s hard to change things when folks are standing in 1929-style soup lines!

Frankly, the only solution will be found in the American people–not our cowardly political leaders who routinely lie to us. It may take another civil war to get things right again (”get those assault rifles now, friends and neighbors”), but if Paul Ibrahim doesn’t need Obama to tell him anything, then we certainly don’t need Obama touting his dark-side views from the Imperial Palace either. And that’s a fact, Jack!

Filed under: Congress, Congressional Inaction, Cults, Economy, Ethics, Famous Liars, Freedom, Government, Law, Media, Morality, National Debt, Obama Pimpers, Obama Pimps, Political Dirty Tricks, Politics, Presidential Election 2008, Raping the Constitution, The Obamination , Bailout, Buddy Bailout, Federal Control of Banks, Federal Transparency