One can assume, the Power Elites affect nations or a single retirement fund to become squeezed. Squeezed and somewhat oppressed; in this current Austerity Environment.
They say, market forces cleanse wasteful investments, innovative business models make existing ones obsolete, and the economy roars forward all the stronger for it--or do the Magicians of the Oligarchy running the show from behind the curtains blind us?
Make no mistake of these well crafty Magicians trying to control the currency and banking systems of the world behind the backdrop of the world's curtain. Enough money to invest and control nation's choices and to bring nations to be introduced to the New World of Austerity Investing rules. However, while market entrepreneurs generally prosper during times of great dislocation, ultimately to the benefit of all participants in the economy, today political entrepreneurs have hijacked the economic system.
The politically connected elites have used this downturn to carry out a massive wealth transfer from the people, to the public, and private sectors; fleecing the middle class for their own enrichment. In their hypocrisy, the long ago small businesses that grew large because of free markets have helped chain these markets through lobbying for regulations and subsidies to shield themselves from competition and their own errors.
In these times of greater uncertainty, messages are sent to play on the field with rules of engagement. This message was sent with Ben Bernanke on Friday November 19 to China and the Asian Rim. There is even a more important message being sent to Congress and the President of Barack Obama from these uttered concerns.
It is a siren to the governments around the world to hold accountable, the corporations filing their 10-Ks, and other formal filings showing they have achievable documented earnings reaching the highest level on their books in the history of their businesses since the stock markets opened their doors.
Understand the dominator of Abyss factor keeps the housing recovery from total collapse is based upon 2 1/2 million unemployed just in the United States keeping their benefits extended in Unemployment and COBRA for another 12-month period.
The catch for Congress and the President Obama is to charge this off to the corporation structures revealing their buy back of shares and upping their dividends at the expenses that dislocated all these millions of folks in the first-place.
The facts are clear; you take out the one direct source of pure stimulus of home-modification support for payments extended through the unemployment and COBRA, Extended Medicaid benefits. These benefits staying in the equation, getting these folks still supporting an economic consumption of basic necessities, and combining part-time dollars from possible one working individual, may be the only piece of the puzzle working right through this whole mess.
The basic facts are simple in keeping as many Americans within their homes may play out to be crucial to a housing and economic recovery. Keeping them out from under the foreclosure mess of to many units flooding the markets and the up keep would cause the markets to depress even further than the 25% expected by Case-Schiller within professor Schiller most recent written responses giving solutions on-going for the housing and unemployment problems.
This Is a Real Game for Keeps
If these extension for benefits to these 2 1/2 million folks on the table of the United States approving or disapproving could add up to be an Atom Bomb. Atomic bomb of inviting the Abyss theme as bantered about by so many brilliant minds. If these 2 1/2 million folks are not approved, as calculated within the Coase Oppression (Austerity Theorem), by well respected and renowned formulas. We all face cataclysmic failure of collapsing the China and Asian Rim and other nations by the mere fall-out of the bomb becoming lit and sent flying like an missile with all nations becoming the target of its wrath.
An Atomic Bomb accidentally lit by ignorance of an Oligarchic miscalculation in timing of letting these unemployed folks, numbering well into around 2 1/2 million. These folks no longer stay within their homes under pre or post foreclosure or home modification status. These same folks with the additional folks from other nations supporting the delicate consuming economies of CPIs, GDPs and other essential growth metrics based upon the wellbeing of the Human unit bantered about by noted professor Joseph Stiglitz to be incorporated in measuring the wellbeing of economic survival of a nation. Nations ensuring a recovery can be substantiated.
Greece, Ireland, and eventually other nations pressing the ECB an IMF need to stretch multi-trillion dollar debt restructures until the balance of the "New Third Wave Austerity Industries" bring many of the nations to become self supportive again, based upon an increase, and not a decrease, in Birth rates; as Demographic Economics is also more than at play.
In plain English; these folks going to lose their, Unemployment and extended COBRA benefits starting in December of 2010 are the match that will be remembered around the world that a Tea Party, Republican, Democratic, and/or independent did not think long and hard about what history is going to write about them in the Year of December 2010. The collapses that occurred henceforward going into 2011 and steering full speed ahead into 2012s and collapsing China and all the other Emerging Growth Nations to hyper-deflation to try to allow for basic survival needs to be met by all under Coase Oppression (Austerity Theorem).
Far-fetched, No, not this time. I wish it were! However, the math does not lie on the affects of 2 1/2 million Americans coming into the free-fall of losing their benefits. Benefits toppling the balance as stated hopefully as clearly as can be stated, causing the fall of many home modifications and contractual holding patterns of debt structural easing as seen demonstrated by QE1, QE2, and eventually, QE3.
Collapses further denigration of the homes coming into the status of foreclosure deeming the effects of a downward pressure of the current markets supporting all the Municipal Bond Issues stemming from Cities, Counties, and States. No differences from the issues of Greece and other nations being no larger than California or Texas combined.
May the peace of the coming days be with all reading this plea for sending a message straight to Washington and the World leaders...
It can work...