Thursday, December 19, 2013
Cry for We, Argentina
Enclosed please find you monthly stipend. You may notice that the envelope is a little light this month. You've gotten used to $85 billion and it is "only" $75 billion and worse, likely to get smaller over the next few years. The good news is that we've successfully hoodwinked the public. We were getting some flak for these transfers and "ongoing bank giveaways at unprecedented levels" was not a defensible way to sell it. Boy we are good. You still get $75 billion and we get applauded for "tapering." WTF is "tapering?" Damned if we know but they bought it.
Anyway, happy holidays. Don't spend it all in one place. Wait, who are we kidding? You aren't spending any of it instead prefering to collect the extra 1/4% on excess reserves. That and bonuses of course. No problem there. Don't forget we are sending someone over in a few months. He needs a job. With big bonuses.