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My name is Mike Pettit, Author,Writer, Novelist, Scribe, whatever. My alter egos, John Locke, Jack Marsh, Damian Wolf, Kimo Kanoa, and their pals live in my head 24/7, non-stop. They are like tracer rounds ricocheting around my brain. I know there are other like me out in the cyber world going though the same thing.

This is the go-to joint for everything suspense and mystery, a stake-out for writers that want to share their thoughts. Come on in, drop anchor, grab a cup of joe (or latte), and let's talk murder...or writing about it.

Thursday, November 4, 2010

VEGAS ODDS MAKERS TAKING BOOK ON BERNANKI AND FED BLOW OUT

BASIC RULE #1 When you find yourself in a hole. Stop digging.
BASIC RULE #2. You can't borrow money from yourself if you're broke.
BASIC RULE #3 Never spend more than you bring in.

The Vegas Odds Makers are shaking their heads today, wondering what the F*** is the FED doing. Mr. Bernanki announced that he was going to 'Monotize"the debt to the tune of six hundred billion dollars, that's $600,000,000,000.00, In other words, he is going to PRINT 600B to buy U.S. Bonds with that won't be worth the money they are printed on.  Smoke and Mirrors. The Chinese won't buy anymore of our JUNK BONDS, so the Fed ( Think Smoke Filled Back Room) decided they would sell the JUNK BONDS to themselves. The catch is, We The People are the suckers.
As an Author I could not think up a better Wall Street Crime story. The sad part is the ending to this story is going to be tragic for America.
FIGHT BACK, JUST SAY NO, I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANYMORE.

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