Marc Faber August 2009

"the piggy bank is their oyster for the next 11 months.'

With all due respect the piggy bank is empty. The US is on the public credit card and that card is also loaded so thanks to the counterfeiting machine at the Fed they can make the minimum payments.

The magic name of this wonderful machine is “quantitative easing”.

If a group of persons had such a machine it would not be called like that and it would of course be criminal but with a name like this 99% don’t understand that they are being looted.

The Sneetches didn't understand they were being looted too by Mr Sylvester McMonkey McBean.

Here's a section of 'The Sneetches' by Dr. Seuss:

Then ONE day, it seems...
While the Plain-Belly Sneetches
Were moping and doping alone on the beaches,
Just sitting there wishing their bellies had stars...
A stranger zipped up in the strangest of cars!

"My friends", he announced in a voice clear and keen,
"My name is Sylvester McMonkey McBean.
And I've heard of your troubles.
I've heard you're unhappy.
But I can fix that.
I'm the Fix-it-Up Chappie.
I've come here to help you.
I have what you need.
And my prices are low.
And I work at great speed.
And my work is on hundred per cent guaranteed!"

Then quickly, Sylvester McMonkey McBean
Put together a very peculiar machine.
And he said, "You want stars like a Star-Belly Sneetch...?
My friends, you can have them for three dollars each!"
"Just pay me your money and hop right aboard!"
____________
[Moving forward in the story, now all the Sneetches were the same as they all had the same stars on their bellies (think 'spreading the wealth around' and everybody is 'the same') so Sylvester appealed now to a different group who wanted to have their unique identity back]...
____________

Then up came McBean with a very sly wink
And he said, "Things are not quite as bad as you think.
So you don't know who's who.
That is perfectly true.
But come with me, friends.
Do you know what I'll do?
I'll make you, again, the best Sneetches on beaches
And all it will cost you is ten dollars eaches."

____________
So they all kept going through the machine again and again and paying money.
And....
____________

Then, when every last cent
Of their money was spent,
The Fix-it-Up Chappie packed up
And he went.

And he laughed as he drove
In his car up the beach,
"They never will learn.
No. You can't teach a Sneetch!"
_____________

The only people who keep having faith in the US Administration are Sneetches!

One of the absolutely worse traits of all too many Americans is their disrespect for people. The trait is ugly, mean-spirited, and vulgar. The "gentleman" above could have made his point more more generously, more elegantly, and--it goes without saying--more intelligently.

http://www.lewrockwell.com/faber/faber16.1.html