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October 16, 2009
Exclusive: The U.S. Economy and Stimulus Policies: A Target-Rich Environment
Some months ago, I predicted that logic would dictate a market bounce triggered by the inflationary impact of historic stimulus spending in all forms. I also said it would have to carry not only the stock market up, but commodities too.
That is precisely what has happened. The Dow is up some 3,000 points off the bottom, and the S&P is up to the range of 1,050. Oil, after making a low of $34 has now doubled to over $70 per barrel. Commodity prices are soaring, even as the dollar index is trading at 75. Every key signal of pending inflation of an historic character is now on the table. The best minds I work with are most concerned about the monstrous impact on things that are used to produce products, ship products, grow foods, deliver foods, and more, across all relevant spectrums most directly affecting the lower and middle classes.
The current global crises are being used as an underlying foundation for the draconian implementation of unproven, untested plans across the board, even while the USG takes actions that, in the 1930s, were ruled to be unconstitutional. One particularly offensive quote comes from within the White House itself: “You never want a serious crisis to go to waste.” Here, they speak of using these crises as a foundation for implementation of plans and programs that would change the core character of the American economy and our political system.
In fact, there seems to be a clear method to the apparent madness of our current situation, in that I see clear marks that reflect manipulation of events and actions that are being justified by assertions of outright misrepresentations about the economy, class divisions, race warfare and more. ACORN’s corruption has spawned an internal revolt within that organization in Washington D.C. specifically, and an avalanche of lawsuits of illegal voting processes that are wholesale. The evil 2 percent of wage earners and small businesses that create almost all new jobs and long term growth driven wealth are being pilloried, without hearing or trial.
Our regulators have become objects of ridicule for their incompetence and power madness. A new drug cost $150 million to bring to market 15 years ago, but well over $1 billion today. The SEC can’t imagine that short sellers would ever manipulate a market, while they destroy any small company that starts to make it. FINRA was called a RICO by one key witness, who was quickly submerged. DOE can’t justify the overnight, non-graduated movement of the US to a total green energy economy in 4 years, something that was never a prospect.
The DOJ isn’t being allowed to do its job. I can’t imagine how the FBI must feel, and I would guess the CIA’s best operatives must have their resumes out for anything that will pay their mortgages and feed their kids. Human intelligence networks that took a generation to build are being decimated at every level, and I know that with no input.
If you think this country is safer today, I suggest logic classes and psychiatric care. I would oppose your intake of anti-depressants, because they would give you a falsely founded elevation of mood and temperament. We all need to wake up, and demand what we pay our government for. It sure as hell isn’t what we are getting.
We have the greatest divisions of this country between classes and areas in my lifetime. It is time to pull together an agenda that is based on rational gradualism, and not catastrophic dislocation, change for change’s sake. The mental giants leading this charge disgrace our history. They throw out inconvenient laws, and interpret others as they see fit, and they are doing it with no oversight.
They need to be taught a lesson by their constituents, one that will only begin to change things when these arrogant illegitimates are thrown out of D.C. on their collective duffs. Everything is getting worse at an accelerating rate, and I can see only one solution. It is to ensure that these voices are never again given credence.
FamilySecurityMatters.org Contributing Editor C. Austin Burrell is a corporate finance generalist with over 30 years of Wall Street and related experience. He was a senior derivatives specialist and development stage company investment banker for more than 35 years on Wall Street.He is a 1968 Graduate of the U.S. Military Academy and a graduate of the Army’s Finance Officer Advanced Course.
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