Ah - an especially aware reader on yon far side of pond sends us this insightful email & news tip as rumors are picking up around Fleet & Wall Streets that soon enough, there will be ratings adjustments for the UK and US bonds based on how fast governments are printing up 'money':
"Hey Dude!Looks like the British Bilderbergers are starting to crank the next collapse handle. for weeks Lord Mandelson has remained uncharacteristicall
y silent in public This government is to fiscal responsibility what Tiger Woods is to marital fidelity It comes a day after Shadow Chancellor George Osborne seized on a warning by the world's biggest bond investor, Pimco, that the UK faced seeing its credit rating downgraded and it would be selling off UK government bonds this year. and the real cruncher is.......... ......... ....."... .the head of Pimco's European investment team is the brother of the cabinet minister who is said to have Gordon Brown's ear - his former economic adviser Ed Balls. ...."....... ......but who has got his eye?
And while far side of the pond stalwarts are trying to figure out how to navigate the next rapids as we tumble down the river of De Nile toward Economic Falls, we notice CNN is reporting "Major Political Developments Overnight!! Democrats Dodd, Dorgan, Ritter all to Drop Out..." Cue the Hallelujah chorus!
Since FTM (*follow the money) is one of our favorite pastimes here at the ranch, I see where OpenSecrets.
Way I figure it, if the next session of Congress can throw all the former members of congress out of their cushy retirement plan and put them in Social Security like the rest of us where they belong, and put them in the new healthcare plan instead of the taxpayer-paid separate plan that includes top notch care at Walter Reed if needed...then maybe we'll get somewhere as a country toward genuine change... but don't hold your breath. Politics is still light-years from the original concept of public-minder citizen legislators who serve, go home, and don't line their pockets with power & money. With checkbooks at the ready, the special interests and high rollers will still call the shots in 2010, and until interstate political campaign contributions are banned, into the foreseeable future. Funny, when you think about it: Interstate gun sales are high regulated. Interstate political contributions are not.
Lemme ask you ... Which is really more dangerous to the Republic for which we stand? Lock up ammunition? How about "Lock up lobbyists!"Meantime
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