Orwell Is Smiling...

It seems like the more the U.S. media and financial reporting ramps up the rhetoric on the dire situation in Greece/Europe, the closer California steps toward bankruptcy.  I don't care what anyone says, if California collapses - or even if Obama is instructed by his handlers to give California the $20 billion it needs - the consequences for the U.S. dollar and the global economy are much worse than if the PIIGS hit the wall. From Zerohedge.com yesterday:  California One Step Closer To Insolvency After State Cancels $2 Billion General Obligation Bond Sale Failed bond auction

Also lost in the shuffle is that fact that Goldman Sachs broke laws in helping Greece fraudulently hide some of its debt; AIG is on obligor on who knows how much in Greek Govt debt Credit Default Swaps; AND Bernanke had that evasive, timid, "I'm lyin' my ass off" look in his eyes when Ron Paul inquired as to whether or not the Fed was going to pitch in on the bailout of Greece.  If you connect GS and AIG with the fact that the Fed is legally permitted to buy foreign debt under the Monetary Control Act of 1980 with U.S. dollars, it would seem obvious what is going on here.

It's a shame that most Americans either have no clue about what's going on because they are too busy watching "Reality TV," or the ones that do bother to follow the superficial U.S. media will not believe the Golden Truth unless they hear it from Katie Couric or read it in their local garbage rag (i.e. NY Times, WashPost, Denver Post, etc).  No wonder Orwell's Smile just erupted into a full-blown belly laugh...