His latest 30 minute podcast is on BlogTalkRadio now.
The IMF, Greece, the US Debt position (breach day is today, incidentally) and more. 30 minutes of, well, “grab the popcorn” discussion.
Denninger is co-founder of the original Tea Party, which was founded specifically in opposition to the bailouts of insolvent banks by the federal government. He’s neither racist nor a loony and has nothing but scorn for the Tea Parties who jacked his idea and turned it into “pablum; God, guns, and gays.”
From the show:
Did you know that a woman in Florida had her house broken into twice by thugs from banks with no paperwork and the police did nothing? The house was not in default. Geithner wants to grab money from our retirement funds and increase the debt limit. This so the banksters can be paid off at the full amount on their bonds. There’s no talk of restructuring, the US taxpayer is expected to bend over and take it for the banksters.
It’s like the allegations against Strauss-Kahn, isn’t it? He takes, someone gets raped. How apt that he has raped countries via the IMF for bankster bondholders.
Denninger says if DSK didn’t do it, then someone set him up. This creates a ‘battle of the lions’ whereby they try to destroy each other, something we benefit by as the truth eventually comes out. As an aside, he says, Eliot Spitzer was set up, but you can’t be set up if you don’t take your pants off.
I find Denninger’s bluntness, genuine anger, and courage a welcome change from the increasingly tepid liberal / progressive blogosphere which is mostly preoccupied with blogging about what those horrid Republicans are doing. Hey, Strauss-Kahn is (at least nominally) a socialist, so I guess the problem isn’t just one political faction, is it? Rather, the system itself is rotten and corrupt.