The Economics of Occult

On Sunday Samhain, the beginning of the Celtic New Year, occurred. Ritualized, scripted madness has followed.

On Tuesday the American people voted. Allegedly it was for a form of limited government and reduced spending.

On Wednesday the Cryptocracy announced their policy course:

"The Federal Reserve will sink $600 billion into government bonds in a bold plan that it hopes will drive interest rates even lower than they already are and start the chain reaction that finally creates jobs and invigorates the economy.

"The Fed said Wednesday that it would buy the bonds at a rate of about $75 billion a month through the middle of next year. The idea is to encourage people to spend more money and stimulate hiring, both ways of accelerating economic growth."

This essentially means that the Federal Reserve will continue to hand out money to their Wall Street cronies until at least next summer to the tune of $75 billion a month. Call me cynical but between this and the cost of our numerous foreign adventures that now includes 'the scalpel' I don't see a lot of cutting occurring in Washington any time soon.

In an increasingly regular show of contempt by the Cryptocracy for the commons the stock market had yet another large scale rally on some of the lowest volume in years. Pundits claim good times are here again.

UPDATE:



The hoodwinks just keep coming. Two days after announcing QE2 the Fed is returning to Jekyll Island to celebrate the 100 year anniversary of the plot that led to the Federal Reserve system that Americans still carry like the weight of the Albatross.

Business Insider reports:

"The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve.

"The title of this conference is "A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve", and it will be held on November 5th and 6th in the exact same building where the original 1910 meeting occurred."

In occult lore November 5th and 6th are in the midst of Hallowmas, the Celtic celebration of the New Year which begins on Halloween and runs to November 7th. Between Jekyll 2010, Elections 2010, QE2, and today's stock market rally much merry making is certainly being done by the Cryptocracy.   

November 5th, the day the Fed kicks off the conference, is also the day Guy Fawkes' legendary Gunpowder plot was foiled.

Bizarrely, both occasions are celebrated with bonfires.

The above is a Guy Fawkes bonfire and not a Wicker Man.

It will be interesting to see if the Fed overtly uses fire symbolism at the conference. Given the total lack of respect the Cryptocracy has for the common man, anything is possible.