The Sphinx is Scared by Elaine Meinel Supkis

[Joanne98]

Dear readers, you all sent me the money needed to take the train to Washington, DC. There, I not only got great photos and met lots of people some of whom knew me in NYC as 'the Housewife From Hell' as the Daily News dubbed me long, long ago. I got very lucky and got to sit within arm's reach of Bernanke and Paulson. I used this occasion to 'touch' them both in the singular way I operate. A sign that this succeeded was the fact that a sudden, rather violent storm came roaring ashore and not only hit DC, but followed me home like a dog. So today, I am very happy to learn that Bernanke's sleep has been as disturbed as Paulson's sleep. Now, he is LEAVING THE FRAY and going into hiding! HAHAHA.


Bernanke Jumps Out of Political Fray After Warning of Collapse

(Bloomberg) -- Ben S. Bernanke jumped into the political fray this week when he urged quick action from Congress to deal with ``grave threats'' to the financial system. Now he's trying to jump back out.

The Federal Reserve chairman hasn't returned to Capitol Hill after two days of congressional testimony earlier this week. He has made it clear to Treasury officials and lawmakers that he isn't taking part in negotiating details of a $700 billion proposal to rescue the financial system even as the plan runs into a political buzzsaw.

By letting Treasury Secretary Henry Paulson be the point man with Congress, Bernanke may be trying to restore the Fed's position as a neutral party in Washington and preserve the central bank's independence. That's after he put both on the line by endorsing Paulson's plan and using the Fed's balance sheet to rescue creditors of Bear Stearns Cos. and American International Group Inc.



There is some great utility in getting physically close to someone one wishes to 'reach'. Since Bernanke won't talk to me or even want to know if I exist, I had to kind of impose on him. The first step is to draw him into the realm of mythological magical beings. When he confidently strode into the Chambers, he sat down right in front of me and then laced his fingers in front of his chest and impassively. He stared straight ahead without flinching, itching or moving a muscle.


I was not allowed to take a photo of him at this point in time so I took out my pad and began to scribble rapidly. As this was going on, I said out loud, 'Sphinx.' He flinched. This was the only movement he made. He heard me quite clearly, incidentally. For everyone around me heard this, too. Those of us who were in the back of the Chambers were forbidden to say anything. It seems one of the fine, young people in the back row were sufficiently riled and forwards that one of them held up a small sign which has now made the rounds of the internet.


Good for them! I think that Bernanke has finally figured out that he is NOT a very popular figure. He also is aware that some of us are eyeing him very closely in the Other Realm. This is the place where the Magic Flying Piggy Bank lives. Instead of people bowing and scraping for him, he is now somewhat aware that many of us look at him with some fury.


The United States has a Vice President who is always in an undisclosed place and who never, ever has press conferences or answers questions or appears in the Senate for questioning. We have a President who can't go out in the public for the last 6 years. Who holds press conferences about once a decade and who never answers questions at all. But rules unilaterally and even overrides Congressional bills he signs! Then there is the Jewish dual-citizen traitor these two shy rulers hired to be in charge of US security. Chertoff nearly never appears in the news or answers questions or even talks to us from his undisclosed bomb shelter.


McCain dearly wanted to run for President in this fashion. Palin, after flashing her glasses at us and scaring everyone, has now gone into hiding and wants to run with no debates, no press conferences.


I bet that poor Gollum, the creature who can't sleep at night and is tormented as he scratches for the Ring of Power and then, when slapped down, whimpers and whines. I read that the negotiations to save Gollum Sachs and JP Pirate has gone until 3am at night. Night is the hours when the Watchers are the most powerful. Awake or asleep, they can come flitting into minds. They carry a bag full of disturbing visions. They can transform reality with a snap of their clawed fingers.


It appears that no one who is supposed to be leading us is even putting up the facade of leadership. They are all going off to play golf. This sad business has leeched into the election. The United States is a very big nation with millions of people. Yet no one dares lead us for they will be removed for various tiny flaws. Yet the leaders who are at the top have grave flaws! This is a serious problem which is due to our media that is the gatekeeper to power. They pick and choose which things to focus on and inevitably, refuse to focus on anything meaningful. Then they gleefully accuse the public of being frivolous.


This banking collapse is not frivolous! It is very serious. There are many people who would like to insist, there is no crisis so why save the banks? Then there are the army of the rich who want the banks saved, who want their money to earn value and to gain that value and who are terrified that they will not gain great wealth. So they want a bail out that is essentially turning the US government into a mega-bank that gets to hold all debts generated for fees by the rest of the banking system!


We need to fix the banking system, of course. It needs desperately to return to its ancient virtues. The greed-is-good gang have used the powers of the banking system to grind out infinite loans so they could collect their 6% bonuses. They would happily do this forever. But the upper limit of debt has been reached. In trying to surpass this natural limit, they created many new lending schemes which had even better returns. And on and on this system grew as out of control bankers cooked up a stunning number of strange, warped 'instruments' which would allow them to ignore natural limits.


In Congress, our corrupt politicians have decided to plow everything possible into the latest spending bill which is a veritable Santa Claus sack of goodies.


Continued>>>
http://elainemeinelsupkis.typepad.com/money_matters/2008/09/the-sphinx-is-s.html