Monday, October 19, 2009

Volume 65 - Balance

God was missing for six days.

Eventually, Michael, the archangel, found him, resting on the seventh day.
He inquired, "Where have you been?" God smiled deeply and proudly pointed downwards through the clouds, "Look, Michael. Look what I've made."

Archangel Michael looked puzzled, and said, "What is it?" "It's a planet," replied God, and I've put life on it... I'm going to call it Earth and it's going to be a place to test BALANCE."
"Balance?" inquired Michael, "I'm still confused."

God explained, pointing to different parts of Earth. "For example, Northern Europe will be a place of great opportunity and wealth, while Southern Europe is going to be poor. Over here I've placed a continent of white people, and over there is a continent of black people. Balance in all things." God continued pointing to different countries. "This one will be extremely hot, while this one will be very cold and covered in ice."

The Archangel , impressed by God's work, then pointed to a land area and said, "What's that one?" "That's Virginia, replied God, the most glorious place on earth. There are beautiful mountains, rivers and streams, lakes, forests, hills and plains. The people from Virginia are going to be handsome, modest, intelligent, humorous, and they are going to travel the world. They will be extremely sociable, hardworking, high achieving carriers of peace, and producers of good things."

Michael gasped in wonder and admiration, but then asked, "But what about balance, God?
You said there would be balance..."

God smiled, "Right, next to Virginia is Washington DC . Wait 'til you see the idiots I put there..."

Speaking of Balance a short editorial on the State of Economy and the lack of economic talent (idiots) in Washington DC. It is my belief that the economy is not going to turn around due to the Federal Stimulus programs. It is my belief that the economy is not going to turn around specifically because of the TARP money, which is just a financial 'papering over' of $13 Trillion dollars bailout of whom? Certainly not the people! The FDIC is bankrupt, Freddie and Fannie are bankrupt and the Federal Government is bankrupt. And thus, the reason why the banks are not lending money even though their balance sheets look like they are strengthening.

The more the federal government (Congress) talks about stimulus, the cheaper the dollar is going to get and the higher Gold is going to go. There has been a 'bank robbery' but the banks have done the robbing. The Bernanke pronouncement made big headlines stating that the recession is almost over. Bernanke, like your local weatherman, has never been right in any of his pronouncements. We criticize countries like China for purchasing our 'notes' without realizing that the US must borrow three billion per day from 'foreigners' just to stay alive. The interest on our present debt is now 800 million per day. How long do you think that 'foreigners' will keep financing this debt? BALANCE is not even understood; but, the 'idiots' in Washington continue to give away 'the bank' (or to the bank!). CUT THE SPENDING! CUT THE TAXING! CREATE SOME BALANCE!

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