Description:

Like financial terrorists, central bankers (such as the Federal Reserve) hold the world hostage to economic cycles they keep blowing up. As they claim to save us from each recession, they inflate bigger bubbles that explode and harm us worse than the one they saved us from. After we crashed into the dot-com bust, the Fed re-inflated the economy into a housing bubble. When that blew up, they re-inflated the economy into the Everything Bubble (more of a giant hot-air balloon really). Now a viral invader helped explode that bubble, crushing the longest bull market in history in a crash worse than anything since the Great Depression. Yet, they're at it again with bigger bailouts than ever for high-risk banksters.

We may be running out of bubbles, but we're not running out of bankers who want to keep repeating these recessionary cycles, as each cycle widens the gap between the rich and the rest. This retelling of how our central planners set up failure is lightened with humor along the way and told without jargon so that people can reflect with some laughs during our present downtime before we repeat another cycle of failure. The chapters of the book come from articles I wrote for various newspapers ten years ago as we went through a crisis that most of us thought would be the worst in our lifetime until we faced the possibilities of this one. You'll see how predictable these cycles are as you realize all you have to do is change the names of the banksters and their pocket politicians to make these chapters the news of our day ... and sometimes don't even have to change the names.

I've added comments to the material to make it clear how you could see failure coming from the solutions employed. The past is prelude to the present, and you can certainly see how we are already trying to save ourselves again with the same bankrupt ideas. Perhaps it will be easier to accept because it uses the names of old presidents of both parties, taking out some of the political recoil that might distance people from what we can gain just by stepping back a few years and looking at the plans we've already tried to see how that worked out for us as we now try them again.

This is a knock-out blow to the pompous pirates of finance and the bailout banksters who are still with us. Here's an excerpt of one of those old articles to give you glimpse at how easily they apply today because all we ever do is rinse and repeat the same old economic cycles:

"What is it that makes a failed bank so valuable that it’s worth paying someone a hefty bonus to get it there?

"With the right question suddenly crystalized in front of me ... it occurred to me that there are some hidden things you can do with a failed major bank that you cannot do with anything else (except maybe a failing major brokerage firm), which make it particularly desirable for a board of directors to hire a CEO with enough heft to capsize their bank quickly. The core lesson to be realized is this: You can use a failed bank to apply for a $20,000,000,000 interest-free government loan. If you don’t have a failed major bank, you’re not even qualified to be an applicant to this kind of government program. Thus, the faster you can roll your bank over, the faster you can scoop twenty-billion off the government pavement.

"That, right there, is an eye-opener that would tell any board of directors, we need to to put this institution on the rocks and get it there NOW before these government loans run out because they’re going fast. (A trillion dollar fund doesn’t last long these days.) I mean, where else can a bank get twenty-billion dollars on a weekend without even filling out a formal application? To pull off a maneuver of that size that quickly takes a CEO who can boldly turn an ocean liner on a dime (or a cork or whatever it is that an ocean liner turns on) and steer it straight into the cliffs of disaster before anyone sees what’s happening."

The delirium continues unless we stop it.