Remember that big ah-ha moment in the 1939 classic, “The Wizard of Oz?” Dorothy wants to see the Wizard. His voice booms: “Do not arouse the wrath of the Great and Powerful Oz! Come back tomorrow!” Afraid, Lion, Tin Man, Scarecrow shake. Dorothy’s dog runs up, tugs on a curtain. She chases Toto, pulls curtain open: “Who are you?” Dr. Marvel stutters: “Well, I – I – I am the Great and Powerful, Wizard of Oz.” Dorothy: “You are? I don’t believe you!” He replies: “No, it’s true. There’s no other Wizard except me.” Dorothy’s miffed: “Oh, you’re a very bad man!” Wizard: “Oh, no, my dear. I’m a very good man. I’m just a very bad Wizard.”
2009 Sequel: Script exposes diabolical cover-up conspiracy.
Flash forward: Real life, Wall Street, Washington, Corporate American CEOs, always new leaders, always same old wizardry. Be forewarned: No matter who’s president, America will soon see a massive statistical curtain pulled back, exposing a con game of historic proportions. And when that happens, you and I will suffer another ear-splitting global meltdown, bigger than today’s housing-credit crisis, dragging us deep into a recession and bear market for years.
Cast: New ‘leading man’ from ol’ Nixon political machine.
Yes, the lead character pulling back the curtain is none other than Kevin Phillips, a former Republican strategist for Nixon, and today America’s leading political historian. In Phillips’ bestseller, Bad Money: Reckless Finance, Failed Politics & the Crisis of American Capitalism, you’ll find eerything you need to know about the 2008 credit meltdown, and how the “numbers racket” is adding jet fuel on the next one … coming soon.
Scene One: Numbers racket hiding behind Washington curtain.
Opening shot: Phillips pulling back the curtain, exposing charlatan Wizards in a brilliant Harper’s Magazine article: “Numbers Racket: Why the economy is worse than we know.” Far worse. This is essential reading if you really want to understand the depth of today’s political as well as economic impending meltdown, and the harsh realities facing Washington, Wall Street, Corporate America, and Main Street in 2009 and beyond … harsh because we cannot cover-up the truth much longer. (More)