First, let’s see how the team wins.
In the Old West, robbers robbed banks. Now under the new “Bail-In” program, the banks can rob you. You can’t rob banks, if insolvent, and would go directly to jail if you tried.
The new purpose of banks is to safely hold your money until they need it. It’s the all new “Robin-Hood-in-Reverse” plan. How patiently polite for them to wait!
Banks can also “restructure” their holdings in their favor with the central bank. You can’t and have great difficulty understanding the fine art of “restructuring”.
Full (of it) Employment Team
The economy is chugging along at reduced unemployment levels by not counting everyone that is actually unemployed or working part time. Who needs to count lazy people?
There are jobs available in the Constitution Department for shredding duties.
A huge number of tree cutter and printing jobs have been posted. These growth opportunities allow the PTB to print money, send out announcements and paper things over.
There are lots of openings at the Treasury Department for economic energizer bunnies, socialists and naïve nitwits. “Bail out” jobs are now nil but “Bail In” jobs are plentiful. These are high paying jobs whose purpose is to find ways to sink your savings lifeboat.
Employment can also be had at the new “Information Formation System”, better known as “IFS”, where cushy jobs writing positive propaganda articles are available.
Regrettably, security guard openings for vaults have been discontinued due to running out of gold.
New Economy Team
Current debt exceeds the GDP but that’s ok too since they don't count future unfunded liabilities either. It's the all new “Deep Storage” accounting method, just like for gold.
Interest rates are so low we can easily borrow our way to prosperity, pay for programs we don’t need and buy stuff we won’t use. Luxuries are now affordable!
We are borrowing .46 cents out of every dollar but that is no problem since we own the only printing press. What a relief!
In time, our interest expense will exceed the entire budget, but that's a big kick in the can down the road.
Increased income from new taxes shows the budget deficit of one trillion being reduced by 10%. How reassuring!
Only 15% of the population is on food stamps. Let the rest eat cake!
They can print unlimited amounts of money to pay the bills and manage markets. You can’t because counterfeiting is illegal and jail time is involved.
They can rob Peter’s account to pay Paul’s account. You can’t because Peter has run out of money.
All major markets are properly "managed". You can’t and would be found guilty of market manipulation if you did.
Stock markets are “high-jacked” to assure everyone that happy days are here again. Casino losses are a distant memory from the past.
The S&P500 has a high PE ratio of 21. That means optimism is high, all is well and the future is brighter.
Box Score - Government 20, Citizen 0.
Good news! The government has discovered the Holy Grail of winning and can postpone any possible loss for a very long period of time. An amazing record!
Now, it’s the ninth inning and nothing could go wrong here. Right?
Check left field.