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The HogueProphecy Bulletin

The Audacity of DOW

Friends,
“Audacity” is defined in the American Heritage Dictionary either as “boldness, daring, intrepidity;” or, “unrestrained impudence, insolence and presumption.”

The Dow Jones shot up 497.48 points today in an instance of boldness based on presumption that stock speculation could move forward flushed with fund-fun unplugging the toxic intestinal blockage of investment bank loans suppressing the economic recovery. Secretary of Treasury Geithner announced today his public/private holding tank enema solution to cover between 500 to a trillion dollars of bad assets with government and corporate bank efforts. The people that gave us this economic crisis, the hedge fund guys, become the middlemen, the special brokers to fix it. Sort of like giving the arsonists a new box of matches. Moreover, the heggies do not have to pay that money back if they lose on these transactions. Heggies do not loose any money in this cash for trash deal if it goes bust. You, the US taxpayer, will feel that pain.

Greed us good, Wall Street. You arsonists and addicts have been given the fuel and the keys to the economic medicine chest reserve (taxpayer’s money). You snorted up on speculation profits to get us to this sorry place economically. You are now given new lines of cash to snort up and make a lot of profit out of a pretense solution for the investment bank crisis.

Usually when Geithner opens his mouth the stock market crashes. Some are saying the reason why the market made an audacious jump nearly 500 points in the plus is that the political Audacity of Hope in Chief, President Obama, fronted Geithner’s plan on television with a lot of presidential charm and little detail.

What I see here are lessons unlearned, a systemic problem, unencountered, and the addicts (both in the private and public sector) who need to clean up are given more funds to snort up their noses like cocaine. The economy might enjoy a false high for a time, but there is always a crash to earth when the drugs wear out.

The audacity of a new economic bubble is being blown, starting today. Unless some more awareness of the causes of our economic incontinence guides the decisions of Obama, the barons of business and the “Wow” Jones Industrial then the world is on schedule for an inflationary depression by the end of 2010 the likes of which has not been seen since the days of the German depression after the First World War.

An economy beyond false bubbles is possible in our future and I have defined the needed shifts of value concepts in detail in Predictions for 2009.

It is a future we can avoid, a future that I believe Nostradamus in Century 8, Quatrain 28 was trying to scare us straight to change when he wrote the following warning:

Les simulachres d’or & argent enflez,
Qu’apres le rapt au lac furent gettez
Au descouuert estaincts tous & troublez.
Au marbre escripz prescript intergetez.

The imitations of gold and silver will become inflated,
Which after the rape are thrown into the fire,
After discovering all is exhausted and dissipated by the debt,
All scripts and bonds are wiped out.

The quatrain indexing is just off the year of the Stock Market crash of (19)29, but this prophecy is not about the past. It is our future. A future aided by the audacious actions of the markets and the government this very day. A future we still have time to avoid if the fundamentally systemic ailment of our misplaced economic and spiritual values is understood.

John Hogue
(23 March 2009)

Monday, March 23rd, 2009, by johnhogue and is filed under "Economy, 497.48, bailout, Dow Jones, Geithner, Hedge Fund, Nostradamus, Obama, Stock Market ". You can leave a response here, or send a Trackback from your own site.