Fiscal Corruptocrat

The Fiscal Corruptocrat follows the latest happenings with Wall St., the economy and corruption ridden governments.

Tuesday, August 11, 2009

BREAKING - Hard Evidence Showing 'Little Girl' Questioner At President Obama's Portsmouth, NH Health Care Reform Town Hall Event Was a Democrat Plant

This kind of thing should give you a sick feeling inside. Trying to get the truth out of those in Washington is an effort in futility. I sometimes wonder, and I really don't think I'm insane, if these are the same types of things that went on in Germany before they started focusing on world domination...Ever so slowly the lies continue to come out and veil is pulled back. It's never what you thought it was and more often than not, it appears to be more sinister than you thought it could be. Frightening.

MarkNH over at did the necessary legwork to track down who the 'innocent little girl' was who asked the question about all the 'people with mean signs'. Typically, all is not as it seems:

Like many others I watched the "town hall" meeting in Portsmouth MA with the supposedly randomly selected audience.

Link changed, updated link:

The second person "randomly" selected to ask a question was a young girl called Julia Hall from Malden MA (asks question at 29m:25s).

Julia read the following question off a piece of paper: "As I was walking in I saw a lot of signs outside saying mean things about reforming healthcare. How do kids know what is true and why do people want a new system that can help more of us".

This randomly asked question gave Obama the perfect opportunity to dismiss talk about "death panels that will pull the plug on Grandma" and to blame Republicans for everything. Over on the town hall comments thread AtomicPunk09 discovered someone on facebook who might possibly be Julia's mother and had a photo of her with Obama:

All old information and it cannot be proven that Kathleen is Julia's mother, right????

Hold on, look who is sitting next to Julia in the video:

Another "coincidence" is that Julia said she lives in Malden MA and Kathleen Manning Hall's campaign contributions list the occupation "Legal Asst, Looney and Grossman LLP" and a home address in Malden MA:

Looks like she donated $636 to Obama in 2008.

But wait, there's more:

This lists donations to Obama of $230 on 6/15/07, $250 on 9/28/07, $500 on 9/30/07, $300 on 3/2/08

On that link we have the $636 previously mentioned from "Kathleen Manning Hall" but we also have $1355 donated to Obama by "Kathleen Hall, Legal Assistant, Looney & Grossman" at the same address.

(as an aside Looney and Grossman loves Democrats - their employees donated $12,101 in total to Democrats and $0 to Republicans)

Back to Kathleen's Facebook Page, here are some of her Facebook friends that I googled to see if they were Democratic insiders:

Martha Coakley, (Democrat) Attorney General of the Commonwealth of Massachusetts
Adam Parkhomenko, former aide to Hillary Clinton, Democrat running for VA House of Delegates (who has the support of the Brady Campaign, President Clinton and Wes Clark)
Addisu Demissie, National Political Director of Organizing for America and former Ohio Get out The Vote director of Obama for America
Adrienne Elrod, Chief of Staff to Rep. Loretta Sanchez (D-CA)
Alan Rosenblatt, Associate Director for Online Advocacy at the Center for American Progress (and HuffPost blogger)
Alayna Van Tassel, Budget and Policy Director for MA Senator Pat Jehlen

I could go on and on but I think the point is clear - the cute question about "mean signs" was read from a pre-written note by the daughter of a Democrat political insider who is know to President Obama.

Friday, August 7, 2009

Some Historical Perspective on the New Great-er Depression

This was fantastic. Eight years ago, somebody (Colin J. Seymour) took some time to put together an approximate graph of of the 1929 - 1933 timeframe and pinpointed some quotes from policy makers and other 'influencial' people of the time period.

Take a look at how they correspond with what we're being told today by our current policy makers. Instills a lot of confidence doesn't it?

"We will not have any more crashes in our time."
- John Maynard Keynes in 1927

"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928
"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928

"No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
- Calvin Coolidge December 4, 1928

"There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929
"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929

"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929

"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929

"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929

"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929

"The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929

"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929

"...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
- Harvard Economic Society (HES), November 2, 1929

"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
- HES, November 10, 1929
"The end of the decline of the Stock Market will probably not be long, only a few more days at most."
- Irving Fisher, Professor of Economics at Yale University, November 14, 1929

"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929

"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929

"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929

"[1930 will be] a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929

"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930

"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930

"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930
"... the outlook continues favorable..."
- HES Mar 29, 1930

"... the outlook is favorable..."
- HES Apr 19, 1930

"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930
" May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930

"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930

"... the present depression has about spent its force..."
- HES, Aug 30, 1930

"We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930

"Stabilization at [present] levels is clearly possible."
- HES Oct 31, 1931

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933

Check out where the market was in it's decline on the graph as these quotes were made over at

Tuesday, July 7, 2009

The Star Wars II: Attack of The Clones and Obama Administration Connection

You have to watch Star Wars II: Attack of The Clones (again?) and just see the context of this exchange. Rather eerie in light of the Obama administrations maneuverings over the past several months:

Character: Quote:

Mas Amedda: This is a CRISIS. The Senate must vote to give the chancellor emergency powers. He can then approve the creation of an army without a vote.

Chancellor Palpatine: But what senator would have the courage to propose such a radical amendment?

Mas Amedda: If only Senator Amidala where here.

A scene or two later...

Jar Jar Binks (using normal language - not how he speaks in the film): Senators! Fellow delegates! In response to this direct threat to the Republic, I propose that the senate give immediately emergency powers to the Supreme Chancellor!

Chancellor Palpatine: It is with great reluctance that I have agreed to this calling. I love democracy... I love the Republic. The power you give me I will lay down when this crisis has abated. And as my first act with this new authority, I will create a Grand Army of the Republic to counter the increasing threats of the Separatists.

And the Senate cheers as the grant emergency powers to this Supreme Chancellor who is really their collective sworn enemy. It happens right under their noses precisely when the Chancellor's 'personal approval ratings' are at their peak.

How ironic is that?

Especially since this film was written by none other than George Lucas who was quoted as saying:

"We have a hero in the making back in the United States today because we have a new candidate for president of the United States, Barack Obama,"

Let's recap:

- Using a crisis as leverage to push forward unprecedented ideas
- Giving waaay too much power to a popular, but relative unknown
- Putting faith and 'hope' in this individual to use that power to make positive changes
- Not even realizing that your entire political structure is fast devolving into a dictatorship

Life mimicking art?

Art mimicking life?

May the force be with you...

Wednesday, July 1, 2009


I've been away from the post for a few days here, but don't worry folks, there's plenty of topics for your contemplating pleasure coming right up!

We're in a new economic quarter - where's this market going to go?

How many states are going to have massive funding shortfalls through the end of the year?

What will be the next crisis parlayed to the administration's advantage?

Who the hell is running Honduras?

Is Goldman Sachs really out to rule the economic world?

Whatever happened to transparency?

My oh my!

Stay tuned folks, there's a lot of ground to cover...

Wednesday, June 24, 2009

Gan-"Green" Advertising Is In Need Of Amputation Stat!

Is it just me?

Nah... It can't be... Is it?

I'll tell you, I am absolutely sick of seeing any sort of advertising utilizing "Green" terminology. Sick of it!

Perhaps I'm the only one, and if so, then the world can read along and see this as the delusional writings of some insane nobody who is so far removed from what's 'really going on'.

Here's the problem: whether you believe in anthropogenic global warming, climate change or any other newly created iteration in this realm or not (Disclaimer - I DON'T) do you care if company's are acting in a manner that supposedly has less of an impact on whatever thing it is you believe in than they previously did? If you do, do you want them advertising the crap out of it every possible chance they get?

I don't care if the bus is running on 'clean fuels'
I don't care if the curly lightbulb lasts 8x longer when it costs 20x as much as a regular one
I don't care if there's a reduction in CO2 emissions from one thing or another
Carbon footprint... what? Carbon footprint?!?
Al Gore - umm, nothing else to say here... well, maybe hypocrite...

To all the company's out there who think this is helping to generate business - it's not. At least not from my wallet. I'm so sickened by the connotations with 'green' now that I actively avoid products and company's who use this as a platform to market products. Advertise to me all you want. Track me all over the web and target market things to me. But please, please don't integrate any more 'green' crap into these campaigns. I promise I won't by any more of your products. By that, I mean I won't purchase personally for myself, I won't purchase for friends and family and I'll advise friends and family to avoid them as well. That's all.

Next top tech invention: Anti-Green advertising plug-in

*** For those interested in learning why I have these 'crazed and delusional' ideas, take some time to read this well researched, thorough, objective and easy to understand work on Anthropogenic Global Warming by a former Atmospheric Physicist

Look Out! Barney Frank Is At It Again!

It doesn't take long folks.

While the US and the rest of the world are coming to terms with the depth and magnitude of the current economic downturn, Barney Frank is looking to see if he can reload the tube and torpedo any recovery yet to come.

It's no big secret that a major impetus to the latest changing of gears in the economic cycle was due to the massive over-extension of credit which resulted from relaxing lending guidelines from their traditional risk models. Essentially, the rules were loosened to the point where those who formerly didn't qualify for even a standard fixed rate/term loan were all of a sudden qualifying for complex lending instruments. This was due in large part to efforts from people like Barney Frank who 'fought for the little guy' to insure they could buy a home. I guess the key word here is 'buy'. They may have initially been able to buy a home, but 'owning' one wasn't in the cards.

The ink isn't even dry on the Notices of Default arriving at many of the 'little guys' homes now and Barney Frank is trying to get lenders (who, naturally in reaction to the utter collapse of their portfolios tightened guidelines across the board) to relax lending parameters on condos. In Barney's mind, gone are the days are saving up to put money down on a home. No longer should anybody have to work hard and try to piece together 20% of the purchase price of a reasonable home. It's so 1950's and doesn't buy you votes.

Will Barney's efforts get legs under it and be the 'Green Shoots' of the next housing bubble? Hard telling, but if history is any gauge it certainly looks good for Senator Frank and friends.

How soon we seem to all forget how these things happen.

Tuesday, June 23, 2009

395 Horsepower Of Official USDA Government Work!

I got a kick out of this!

Not too far outside of the Washington beltway the gaping faux chrome brake cooling air intakes of a Chevy Trailblazer SS caught my eye. Being a fan of powerful automobiles (typically not American made...) I took a second look and noticed that it had government plates.

If you're not a car aficionado you probably wouldn't even think twice because it is just a Chevy Trailblazer and there's typically nothing too special about these vehicles. Let me tell you a little about the SS model:

The 2007 SS ran just a hair over $37,000 MSRP

It was fitted with a 395 horsepower 6.0 liter V8 motor derived from the Corvette

It has 20" chrome wheels

Performance front seats

0 - 60 time in about 5 seconds

Additional interior luxury appointments

You get the idea.

When I saw the plate stating:

USDA For Official Use Only

It got me thinking.

What kind of 'official use' does the USDA need 395 luxury appointed horsepower for? Could it be they were after the 20" chrome wheels for some classified official business? Perhaps they couldn't have anything that struggled to get into the sub-6-second range in a 0-60 run and the Corvette body styling just wasn't working for them. It's hard telling when you're dealing with official business...

Regardless of the need, I'm sure we can all rest confidently knowing that approximately $37,000 of our taxpayer dollars can officially run a sub 6 second 0 - 60 time for the USDA...

Nevada's Democrat Senator Harry Reid Was Right...

I recently had the chance to visit DC and ride the Metro system and fortunately missed the catastrophe on the Red Line by a couple of hours. I don't call Washington my home town and therefore took in a lot of what was going on around the area. Something that really stuck out for me was this:

Nevada's Democrat Senator Harry Reid was right.

Washington D.C. Stinks

I don't mean it in the same sense he did. Recall back in December 2008, Reid said:

"My staff tells me not to say this, but I'm going to say it anyway," said Reid in his remarks. "In the summer because of the heat and high humidity, you could literally smell the tourists coming into the Capitol. It may be descriptive but it's true."

No, not quite like that. The stench I found seemed to emanate mostly from those doing the 'people's work'. Those folks in one sort of 'official' capacity or another around town who very obviously looked down upon the masses from around the world who came to take in the sites and history of the area. Those on the government payroll who (in their own minds) have transcended the realm of the everyday people and moved on to more important work - the work of determining how those everyday people should live their lives.

They walk around with their noses in the air, bustling from one important meeting to another and getting more and more frustrated as the tourists meander their way amongst the monuments. You can see it on their faces, in their movements and hear it as they rush past. Everybody's in their way - they have important work to do, dammit!

It was funny in a sense. In a twisted, backwards way. These people, so important in their own worlds and ironically, in ours as well, probably don't even think for a second that they people they're getting angered with pay their way in life.

Yes Senator Reid, there is a stink in Washington - I smelled it too. You may have thought you smelled it while looking out a window at the Capitol but I would venture that the smell would still be there while looking in a mirror as well...

Thursday, June 18, 2009

I Love Canadians, But This Guy Is Just Plain DUMB!

***EXCLUSIVE BREAKDOWN*** by The Fiscal Corruptocrat

Here's the tale of another agenda driven idiot whose either absolutely focused on pushing his beliefs on people or blinded by his self-perceived immense intellect to separate fantasy from reality.

***WARNING: The following contains a healthy dose of facts and sarcasm. If you cry easily, have low self esteem, a well below average IQ or are offended by logic and reason, please do not continue reading.

The Red Deer Advocate in Alberta recently published an article about the local economy's dependence on energy as it's primary driver. Fair enough. Especially since they're covering a presentation made by a non partisan research group. Ricardo Acuna is the Executive Director of the Parkland Institute (said non partisan group) and he's apparently not happy with Canada's Progressive Conservatives "continuing to rely heavily on the energy sector to drive the economy."
Wait a minute...non partisan, right? Singling out one group in particular...? I think I see where this is going.

Mr. Acuna (remember, he's the Executive Director) thinks that in a mere 10 years time, "no one will want what we are selling (oil)." What's this 'we' business? I thought 'we' were non partisan? Alas, Ricardo seems to subscribe to the idea that, at least in Alberta, they're going to be running out of oil real soon. (We'll touch on this in a minute.) He fears that they'll be "scrambling to find something to replace it" and thinks they should become more "visionary" so their local economy is "sustainable" when they're "selling less of it or none of it".

That's quite the statement there. A little fear mongering maybe. Perhaps a little more than a hint at 'peak oil' theories.

Ricardo brought his audiences attention to Norway and their state owned petroleum fund (Statens pensjonsfond - Utland or, for us English speaking folks, The Government Pension Fund - Global) which is funded by their state owned oil production company Statoil. This fund has an estimated $300 billion in USD terms. The idea is to have this fund supplement Norway's revenues once the oil production starts to decline. It has been predicted that their oil discoveries are past the point of peak production. ALL of their oil sources, I'm not sure about, but somebody's claiming they're approaching the end of the line. According to Wikipedia (take it for what it's worth), the revenue from oil production will "decline over the next decades." If I can mix my math and big words correctly, I think decades means something like 10 years plus 10 years plus 10 years, etc. I know, I know, I'm starting to get confused myself, but to keep it simple, I think they mean at least 20 years and possibly 30 or 40 years plus.

Ok, so Ricardo thinks Alberta should follow Norway down that same path because, oh gosh! In 10 years time they're going to be plum outta' oil! Problem is, Alberta's only got a mere $14.5 billion in a reserve fund (akin to Norway's) which ain't going to cover the spread.

I feel kind of bad for Alberta, don't you? They're lagging way behind Norway in their capital reserves, they're going to be completely out of oil in 10 years and they haven't even begun to become 'visionary' enough to do anything about it. Instead of sitting back and watching the collapse, I figured I'd do a little research to see if I could help out in any way.

What I found is, Mr. Acuna is full of sh*t or just plain dumb.

For whatever reason, we often tend to think that when somebody has a fancy title attached to their name (like 'Executive Director' of a non partisan research group) that they know what they're talking about. That doesn't always hold water. Or, in this case, we should probably say 'oil'.

Alberta just happens to be conveniently wrapped around the Athabasca Oil Sands. A 54,000 square mile treasure trove of accessible oil that's basically situated in a 'no mans land' prime for mining. The funny thing about the Athabasca Oil Sands is that it contains approximately 1.7 TRILLION barrels of bitumen which equates to approximately the same amount of the entire worlds proven reserves of petroleum. Stop. Think about that for second...

In one fell swoop, we've basically DOUBLED the entire worlds proven oil reserves. Peak oil? Alberta running out of oil in 10 years? Mr. Acuna, I think there's a problem with your figures...

But wait FC - isn't it too expensive to extract this stuff?

When Mr. Acuna wasn't looking (he probably had his head down, feverishly scanning the intense research documentation he used for his speech and didn't seem to notice), the 'visionary' people working in Alberta have been constantly improving extraction techniques to make oil sands economically viable at lower and lower per barrel crude prices. Utilizing insitu methods such as Cyclic Steam Stimulation (CSS) and Steam Assisted Gravity Drainage (SAGD), more and more oil can be extracted from the sands economically at a per barrel price of approximately $60. Plus, these methods have been proven to be able to extract 90% to 100% of all bitumen found in the mined ore. The efficiency of the Oil Sands could possibly far exceed that of any existing below surface well with regard to accessing the entire deposit.

Ten years can seem like a long time and the funny thing is, a lot can certainly happen in that span. While Mr. Acuna thinks Alberta may not be selling ANY oil in 10 years time, other local statistics seem to differ with that opinion. Aberta Venture Magazine noted in September of 2008:

"The development of Western Canada’s oilsands is changing the Canadian business landscape, shifting growth, migration and business investment from the centre to the West. The investments made in this sector result in a significant multiplier effect for the economy. The effects seen are not simply in the form of revenue generated by the oilsands, but the ripple effect it has on all industries. Within the next 10 years, an estimated $250 billion will be spent on non-residential construction alone in Alberta." (Emphasis here and below added by FC)

It certainly doesn't sound like the local economy is going to be hurting too bad as the Athabasca Sands are mined.

In May of 2008, the Canadian Association of Petroleum Producers (CAPP) projected:

"Oil sands production, which now exceeds one million b/d, is forecast to reach 3.5 million b/d by 2015 and 4.0 million b/d by 2020, accounting for more than 80 per cent of Canadian production."

I don't know, again, my math is kind of fuzzy, but it sounds to me like there's going to oil coming out of Alberta for quite some time. In fact, this level of production equates to approximately 100 years of steady flow until it begins to become tapped out. Ten times longer than Mr. Acuna's non partisan 'research' group came up with.

Folks, what do you think? Agenda driven? More than likely. I can't see how anybody, let alone the Executive Director of a supposed non partisan group based right in Alberta where the Oil Sands are located can come up with a perspective this far off point. If we dig a little deeper and follow the money to the funding of this group I'm sure we'll find even more answers. The Parkland Institute is apparently affiliated with the University of Alberta which may help explain things. Also, the original article states that "Alberta could be an international leader when it comes to wind and solar power." Could the university be working on some new wind and solar power projects? Do any company's in the wind and solar power generation fields fund the university and/or the Parkland Group? Only a little more research and time will tell. More time than what the Parkland Institute put into this research for Executive Director Acuna, of course.

Dear Mysterious Japanese Bond Smugglers

I appreciate your valiant efforts to secure a sizeable portion of Japan's US treasury holdings and am encouraged by the inventiveness utilized in the attempt to get these instruments into Switzerland. I'm sorry to hear of your troubles at the Italian border and the possibility of losing 40% of the entire stake. In hindsight, this may prove to be a beneficial side effect for your cause (as I will outline below) which brings me to the point of my letter.

I would like to help you in any way I can with your concerns over the continued sustainability of the US dollar and I have the perfect plan to do so. The best part is, this solution will be quick, easy and above all, much cleaner than the recently foiled operation. Once the dust settles in Italy, here's what we'll do:

First, give the Italians their 40% cut and grab up the remaining bonds. Rules are rules and it's only fair. Next, please set aside one (1) of the Kennedy Bonds and promptly put my name on it. We'll set aside a time where I can acquire this single page instrument from you or you can simply drop it in the mail to my attention - whichever option is most convenient and easy for you works for me. Now, you're probably wondering where and how you'll experience the vast benefits of this plan so I'll outline all the important details. Here's my promise to you:

I will promptly cash in the bond for it's face value of $1 billion devalued US dollars.

I will then forfeit ~50% right back over to the US government and call it a windfall tax. The benefits are here two-fold. We'll get a pesky $500 million US dollars out of circulation while at the same time relieving the US government of this debt to you.

Once I get the governments share straightened away, I'll then go ahead and immediately pay my mortgage in full. Believe me, you'll definitely want this to happen. I'll be helping to shore up the books of America's largest home loan holder bringing them another baby step closer to solvency. Investors across the globe will begin to feel confident in their operations again!

Next, I will take $200 million and invest it across a diverse portfolio of commodities, hard assets, government debt (think of the benefits!) and equities. I will single handedly begin propping up the US markets and instill more and more confidence in the US dollar.

Lastly, and I promise you this, I will completely piss away the remaining ~$300 million. All of it. Every last cent. I will start in America and then go on a Michael Jackson style international spending spree leaving a trail of global economy lifting US dollars along the way. I will work on propping up the automotive industry, retail chain stores and residential & commercial real estate. This will take a little bit of time and the effects may not be seen immediately, but I will do my best.

As you can clearly see, this is a win-win situation for all involved.
- Italy gets an infusion of much needed cash to right prop up their economy
- Some US dollars get mopped up out of circulation
- Confidence will begin to return to the major US banks
- The US markets will get a solid chunk of long term investment money
- The automotive industry will get a much needed boost
- Commercial real estate will see a brief positive blip before it utterly collapses
- Residential real estate will begin to stabilize as I buy up foreclosed properties everywhere
- The US dollar will begin to improve in value thereby lessening the impact of your 40% loss to the Italians

Please leave a comment below with your contact information and we'll get started on this most important process right away. It will absolutely be my pleasure to be of assistance.

All the best,

The Fiscal Corruptocrat