The world financial markets are reeling after the S&P downgrade of US sovereign debt. Is that a surprise? I think not! In a world running ‘autopilot’ on cause-and-effect, where every event must produce a subsequent outcome, what did these hooligans think would happen? Let us review the sacred timeline.
No-nothing Obama begins escalating his wars across MENA, the US debt ceiling already in plain view. So, he goes to Congress asking for a reprieve: increase the ceiling please. The world – well Asia and Europe – sit, watching and waiting. Well, not quite. I mean the Europeans are already fucked deep in debt and looking for handouts from the Ice Princess of the IMF (aka: the I aM Fucked if I ask that group for help). Austerity pills are being taken in large doses and swallowed whole by Greece, Ireland, Portugal, Spain and Italy like cyanide drops by a double agent about to be made. And the Japs, well they are still digging themselves out from under nuclear fallout. But, hey, after WWII they are expert at that.
But the Chinese are sure watching; I mean, how the fuck are they going to get their interest payments on all that US paper they’re holding if the boyz of summer don’t agree to an increase? Shit, the world banksters are nervous as well. No more cash from Uncle Sam, no more big bonuses and overseas investments, no more gaming the system. And needless to say, us seniors are pretty damned concerned as well. There go those SS checks. The markets worldwide begin to shake and move downwards.
In the meantime, back at the ranch where all the Exceptional people hang out (good ole AMERIKA), Congress and the Hegemon start this kabuki dance around the Maypole, except it is already July and the planet is heating up like the stew inside a cast iron double-Dutch oven: global warming has hit the homeland. DC, NY, everywhere from sea to shining sea the temperatures are bursting over 100 degrees Fahrenheit!
Now the USA bond rating agencies begin to look askance, peeking under the kimono, so to speak. Remember they got their fucking ass kicked from jerry-rigging the god damn reverse collateralized mortgage obligations that fucked the homes of the homelanders. So, god damn if they are going to bend over again for a second fucking!!
The USA legislators and their masters of finance finally end the kabuki dance, although the music is still playing. Debt crisis averted, ceiling raised; fuck the little people, we are going BIG!!
Well, the S&P folk don’t like all the headlines, the dance partners, the two-step or anything else about this charade, and, (I say it again,) they don’t wanna get fooled (fucked) again. So they lower the rating on US debt. WOW!!
First thing, the Dow tumbles 500 points; woosh!! Although the Japanese Finance Minister did some of his own causality-tampering before the Asian markets opened Monday morning, reassuring everyone that Japan still had faith in US debt instruments. Whew! Am I glad to hear that. Then the Asian markets opened…and wosh; they crumble!! Other financial markets, including Britain, trimmed their numbers as well. So much for understanding cause and effect!!
God, this shit really works; no wonder why we believe in it so strongly. Can’t wait to see what we will do next!!
Well, OK. Let’s not wait and see. Let us use this aforementioned methodology to make a prognostication. Let’s forecast the future.
Object Lesson Two:
Having received the head-nod from his buddies in DC for the increase in the US debt ceiling, Mr. Nobama-rama promptly declares the establishment of a new agency (which I referenced in the Mothers Of Invention post the other day). This Atrocities Prevention Board (don’t you love the name) will monitor and scope out any global hotspots where the US military can intervene under the guise of safeguarding human rights and democracy. But, we already know that this is code for pushing capitalism and insinuating ourselves into another nation’s panties in order to get our hands on their goodies (their sovereign wealth, raw materials, oil, people, etc). It provides our brain trust with the right to make war anywhere it wants on the globe, whenever it feels the need. (Gee, I am sure GW Bush is envious of that one!!!)
We should also mention that the list of 30 plus countries currently under review for the Board’s consideration includes the bad boys from the Axis of Evil (you remember that, don’t you); but I am certain China may want to watch its step as well. After all, we owe the communist Chinese a lot of money, and we could easily find justifiable reasons now with our new APB to march right on in there and kick those fucking capitalist-commies in the balls over their human rights violations. It would be one way of eradicating our debt now, wouldn’t it?
In any event this new Board looks to be a win-win for all branches of the US Military-Industrial Complex as well as the international banksters. We will just have to see how that all plays out in the waning days of imperial collapse.