The Market Ticker

Put the kids away again.

The insanity of The Pigmen has to be seen to be appreciated.

And today, we saw it on display.

Full-scale.

Folks, overnight the dollar went totally to shit. This is a really big deal and those who ignore it deserve what they get.

What are we going to get?

The complete and utter destruction of the economy of this nation.

BEN BERNANKE, YOU NEED TO FUCKING RESIGN RIGHT NOW. RIGHT GODDAMN NOW.

You have an OBLIGATION under the law to manage INFLATION. It is your PRIMARY LEGAL RESPONSIBILITY.

NOT "Inflation expectations".

ACTUAL INFLATION!

Allowing The Dollar to go straight in the shitter, which you are doing, is a pure abdication of that responsibility. It is an active act of fraud, deception, and destruction aimed at the American Economy, the American Consumer, and American Business.

Cut this shit out right now before we provoke foreign capital flight and our nation's economy goes straight in the fucking toilet!

You think its not starting?

THE HELL ITS NOT!

Look at our bond market! Look at foreign custody holdings! THEY ARE DOWN! You know why?

Because you assholes at The Fed have devalued those foreign holdings by ONE FIFTH OF THE ANNUAL COUPON ON THOSE TREASURIES IN THREE FUCKING DAYS!

CNBS, of course, fiddles while Rome Burns.

The Pigmen - including CNBS - are running around handicapping not whether the Fed will cut but by how much.

As they talk, the Dollar craters.

You need to take a lesson from The Bank of England, which has grown a big fat pair of STEEL BALLS and told their speculators to fuck off:

"The key objectives remain, first, the continuous pursuit of the inflation target to maintain economic stability and, second, ensuring that the financial system continues to function effectively, including the proper pricing of risk."

I can't believe that fucking England gets it and we do not.

Time to buy The British Pound? It sure sounds like it. Un-fucking-believeable.

Paulson starts spouting off too. How about telling your buttbuddy Bernanke to quit fucking around and defend the dollar eh Hank? You DO know that your Pigmen Buddies are going to get assfucked if the dollar collapses, right? Yes they are! Don't you believe for a second they won't, because you know better.

"He said the uncertainty in credit markets would last longer than the turmoil that followed the Asian crisis and the Russian default of the 1990s or the Latin American debt crisis of the 1980s."

The "uncertainty" is going to last longer because you and your buddies at The Fed are trying to bail out your Pigmen friends! The problem here is that in the process of dicking around you are imperiling the entire American economy - and not just in terms of a recession either - a potential full-on DEPRESSION.

Goddamn it, cut that shit out!

To the US House, Senate, President Bush - Goddamn it, stop this shit before Ben, Paulson et.al. DESTROY this nation's economy!

Your legacy is being written RIGHT NOW. As the dollar swirls the bowl you think it is all ok because "the stock market looks all right and is 5% off all-time highs."

In the meantime everything we buy in this country is going up in price at a double-digit rate. Your "official" inflation statistics intentionally ignore food, energy, and actual housing prices and have for years, which are REAL things that REAL people all have to buy. In REAL terms the middle class has LOST PURCHASING POWER for SEVEN STRAIGHT YEARS.

Meantime, these assholes backdoor rape the American Economy while protecting their fucking bonuses, AND The Fed waives Fed Reserve regulations intended to PROTECT THE BANKING SYSTEM!

What does THE WORLD think of this?

The world thinks you're all a bunch of fucking morons which is why The Dollar is going down the bowl - FAST.

Guys, you need to - right now - call, write, fax your Senators and Representatives. NOW.

Here's the letter I sent on the matter - to both Senators and my Rep.

And here's the video rant to go with it...

Oh, on the market? It did nothing today. See last night's Ticker for the technicals - D-day was pushed to tomorrow with what was literally a flat day.