This blogger is a bit bemused by the MSM’s efforts to put the German public back to sleep with a neo-Grimm fairy tale in which the NY Fed is a warehouse. Well, uh, sorry guys, but it’s a pretty lame bank that doesn’t put its assets to work. And considering the ROI America’s been getting from its major sovereign adventures since August 15, 1971, it sure looks like the second shoe is getting ready to drop; right onto Angela Merkle unless I miss my guess.
Which has some amusing implications for tomorrow. After beating the drum consistently for Romney all through the primaries and well into the election campaign The Economist (half-heartedly) endorsed the President about a week ago. I can only assume they’d just gotten the memo that it was already in the bag for the incumbent. So with the above Goldfinger conspiracy theory in play (and speaking of conspiracy theories some pretty heavy coverups are scheduled to start flying apart thirteen months from now) plus the management of the Mayan Apocalypse end date for Geithner’s unlimited support of the GSE’s (guess who’s holding way more than $270 billion of MBS on their books) a close result tomorrow night is just not affordable, and so will not occur.
The first debate? An Obama victory would have cost the MSM $100s of millions in advertising fees. Go figure.
Fasten your seat belts everyone, on Wednesday Professor Peabody is going to hit that red button, and he’s got the Wayback Machine set for the mid-1690s.