How to Destroy the American Dream

Drunk With Absolute Purchasing Power
By Richard Daughty "The Mogambo Guru"

As usual, I got completely sloshed before I found the nerve to look at Total Fed Credit last week, as those Federal Reserve weenies have apparently made it their mission to destroy the United States by destroying the dollar by continually creating more and more money and credit, which produces an increase in debt and the money supply, which makes more dollars chase a relatively static (in the short run) supply of goods and services in the auction process that is the essence of a free market, which bids up prices, which makes everybody really grumpy because things cost more, and then the wife and kids come whining about how they don't have enough money to buy all the things they want, and I tell them "Welcome to the club, morons!" which, for some unexplained reason, they deem an insufficient response.

But foreign central banks, staffed as they are with idiots, too, are still busily buying up federal government and agency debt through their "custody" account at the Fed, and last week they bought

up another $11 billion to add to the $17 billion they bought the week before that, which makes me howl – aaaooooooOOOOOooow! – in outrage.

And speaking of $17 billion, that is slightly less than the inverse of the amount of non-borrowed reserves at the banks! Hahaha! A negative $17.2 billion! Hahaha! Negative reserves! Hahahaha! Idiot banks!

In short, by destroying our money we are transforming ourselves and our children into slaves of foreigners, who are all evil, which you already know if you have ever watched any movies in the "Us Versus Them Action Flick" genre, such as any of the exciting escapades of Bond, James Bond, or something involving creatures from outer space landing here and killing us with ray guns, tentacles and/or mutant spores.

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