"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -Ludwig Von Mises
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Jan
28

2010 State of the (Cardboard) Box Address

Author: Mac Slavo
                            Comments (2)

Tom of the North gives us the first yearly State of the (Cardboard) Box address.

Some highlights:

During his State of the Union Address to Congress tonight, President Barack Obama informed us that he absolutely hated the bank bailouts. He knows that I hated them. He knows that you hated them. He knows of a couple people in Washington who hated them. He knows a guy in Indy that didn’t like them too much. And there was a lady he met somewhere…..she wasn’t too thrilled either.

—-

In order to create a financial system that won’t destroy the Economy, the President proposes giving money to, um, banks. Not those banks. He wants to give money to other banks. He wasn’t real explicit which banks though. But he has $30 billion in repaid TARP Funds burning a hole in his pocket and apparently the President thinks that this is the way to go.

—-

The President is clearly getting us back on the right track. Already able to point at several thousand jobs created through his dynamic initiatives, President Obama will no doubt have the other 16 million unemployed or underemployed back in harness in no time.

Read Tom’s full State of the (Cardboard) Box Address by clicking here…

Author: Mac Slavo
Date: January 28th, 2010
Visit the Author's Website: http://www.SHTFplan.com/

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2 Responses to “2010 State of the (Cardboard) Box Address”

  1. Joe Flamini
    January 29th, 2010 at 6:43 am

    Right on the mark as always, Tom!

  2. TomOfTheNorth
    January 29th, 2010 at 10:10 am

    Thanks Joe!
    It’s a pretty sad deal all the way around.
    Just more of the same ‘blah blah blah’ while our budget explodes.

    Of course it could be worse. We could be in China:
    http://outsidethe-cardboard-box.tumblr.com/post/346982454/china-shocks-with-alt-lifestyle-policy

    Now THAT is a problem…..LOL!

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