Tag Archives: bernanke

Another Custer

As Europeans negotiate their enormous debt crisis, they look longingly across the Atlantic for rescue. But the cavalry is in no condition to rescue anybody, including themselves. If you think the Little Big Horn was bad, wait till you see the blood if Bernanke tries to bail out the EU.



Tectonic plates are moving

Fault lines are being drawn

The fault of course is ours

If Europe has no dawn

With US down to pennies

In our own piggy bank

The Euros now expect us

To walk off that short plank

The bugle calls they’re hearing

Stay distant in the hills

The cavalry’s not moving

That’s just close order drills

So sorry guys we’re broke too

The cav we cannot muster

We know that if we send them

It will be another Custer


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The Two Trillion Dollar Bazooka

Treasury Secretary Geithner has called for an additional two trillion dollars in aid to Europe to prevent the collapse of the European banking system. Geithner calls this a ‘two trillion dollar bazooka’. In the dim distant past, when I was a lad, during the FDR era, a comedian named Bob Burns invented a musical instrument that looked mighty like a piece of stovepipe. In fact, I believe it was a piece of stovepipe. So when a stovepipe shaped anti-tank weapon came along for WW2, it was naturally called a bazooka. This is where we are, Geithner calling for a two trillion dollar bazooka to stave off the inevitable for another day or two. I remember laughing when Bob Burns played his bazooka. I’m not laughing now.



Oh yes our Bernanke

Will sometimes get cranky

When some say all’s darkness and gloom

He’ll just print more money

Then all will be sunny

Just let the bazookas go boom

The problem of course is

There are no more horses

Through open barn doors they’ve all fled

And all the bazookas

Aimed by those palookas

Are now aimed at Bernanke’s Fed


 See my novels and collected verse at Amazon, paperback and 99 cent Kindle HERE



The Coming Hyper-Inflation

Ben Bernanke, the Chairman of the Federal Reserve, has said inflation is one of the answers to our current debt crisis, whereby an inflated and thus weaker and worth less dollar will be used to pay off the bonds and T-bills held by China, but also by the American public. Purposeful inflation is robbery, a deliberate pauperization of the citizenry to get the politicians who caused the problem to make it seem they are solving the problem. The Weimar Republic tried this in the 20s in Germany, and they got Hitler.



Buried deep in deadly debt

We fear we ain’t seen nothing yet

The Fed is busy pumping cash

Hoping to avoid a crash

Inflating dollars is their plan

To get the hungry working man

Up on his feet so he can pay

His taxes and yes by the way

If Wall Street takes the lion’s share

The Fed will say that shows we care

In meantime my small T-bill stock

And cash on hand will feel the shock

As steep inflation cuts in half

My equity while bankers laugh

The Fed and Wall Street’s mad affair

Is blatant ‘cause the happy pair

Believe the Wise Men know what’s best

But we know that it’s plain incest