Thursday, August 6, 2009

Some Times-ly humor to lift your sagging derivative bubbles


The Bank of England announced that it would pump another £50 billion into the economy to ensure continued recovery.

The move defied market expectations and put a dampener on hopes for a swift economic upturn.
[...]
The Bank’s announcement was accompanied by a downbeat statement that THE RECESSION APPEARED TO HAVE BEEN DEEPER THAN PREVIOUSLY THOUGHT. IT ACKNOWLEDGED THAT THE GOVERNMENT HAD FAILED TO PERSUADE THE BANKS TO COMMIT TO HIGHER LEVELS OF LENDING.

The Treasury insisted that the economy was still on track to recover by the end of the year. Stephen Timms, the Financial Secretary to the Treasury, said that there was growing optimism. “As we said at the time of the Budget, the economy is likely to return to growth by the end of this year.” However, he added that there was still uncertainty.
[...]
Vince Cable, the Liberal Democrat Treasury spokesman, said: “With thousands of businesses still struggling to get loans, the Bank’s decision to put more money into the economy is the right way to go. AS FINANCIAL INSTITUTIONS CONTINUE TO HOARD MONEY, QUANTITATIVE EASING HAS NOT YET FED THROUGH TO THE REST OF THE ECONOMY. IT’S VITAL THAT IT DOES.”

[end of excerpts, emphasis added]

Note the contradiction between the claim that the money is being issued "to ensure continued recovery" and the Treasury spokesman's statement that "quantitative easing has not yet fed through to the rest of the economy." So, it seems that "the recovery" is actually a reference to the process of issuing credit to buy bankers' gambling debts.

This is the Open [50] Conspiracy [123, 123+50 = 173, which converts to 11, the number of black magic, which is what Satanism likes to pretend it is] in action, telling us what they're doing in a thinly veiled "code," but which is actually concealed by its monstrousness, because in the words of H.G. Wells [23], we just can't "think evil." (By the way, Soros' "Open Society" converts to 146, which also converts to 11, just coincidentally.)

In other words, the Bank of England will continue to inflate, and few recognize that the real purpose is to suck every last drop of value from the real economy. Note that the article states that "the experts" can't even tell in hindsight how deep the recession "was," implying that it's already bottomed out.

It also drops hints that the money being created out of thin air isn't going to the real economy, but to the banks, which are "hoarding" it (actually, they're probably using it for some unmentionable purpose, such as propping up real estate values as more people lose their jobs or businesses and default on their loans). The Treasury spokesman's statement seems to provide the key: none of the credit being issued is being used for stimulating the "rest of the economy" (the real economy), which is being allowed to collapse. I suppose when it dies, the vultures will all the new money will swoop in and consume the carcasses, unleashing hyperinflation.

Thank God our banks are "independent" and therefore able to make wise "business" decisions to keep "the economy" strong, without having being distracted from this all-important task by the cries of billions of dying people.