CREDIT DEFAULT SWAPS, or
CULTIC DELUSIONAL SWINDLES
by John Cooper
cosmicflyswatter.com

March 20, 2009

In 2004 I didn't buy a house because I read a book by a UCLA professor that made a convincing case that the skyrocketing real estate values were a bubble that had to burst. I took this prophetic advise. But this 6 trillion dollar debacle is apparently small change next to the 60 trillion dollar world destruction game played by the financial class on the East Coast with the encouragement of their lapdogs in Washington.

For anyone reading this article I must first provide a bit of a frame of reference. Cosmic Fly Swatter.com is dedicated to understanding all things from metaphysical point of view, so that we are always looking for the higher and overriding principles that most of the time seem too obscure to be relevant. It is our view that this is not the case, and that it is the higher principles that are ignored and result in most disasters. The current financial meltdown is a prime example of this.

The very notion of Credit Default Swaps is a form of Cultus Cheerleadicus (a term first coined in the book The Cosmic Fly Swatter). Credit Default Swaps are in practice a giant Ponzi scheme. They are based on speculation, hedging risk, and making money from nothing. The entire scheme was doomed to crash from the beginning because of the metaphysical principle, Ex Nihilo, Nihilo Fit (nothing comes from nothing). Down deep the crooks know this principle but they have killed their consciences for material gain.

We will not get into the complexity and sophistication of this nonsense since it has proved our point already. Click here and visit Wikipedia if your mind is attracted by the sophisticated (couched in lies) schemes of folks trying to make wealth for themselves by risking hard working folks money. It is pure evil and should be outlawed internationally.

This will not happen because the liars in government need such con-games to pay for their lifestyles. They also produce nothing. They live off the labor of the regular folks. Remember Ex Nihilo Nihilo Fit (nothing comes from nothing). The entire Federal Reserve Banking System (which is not federal and possesses no reserves) is a similar con-game. Our Social security system is another con-game. But I digress. The financial class on the East Coast also produce nothing. And now they have gambled the world's stability by playing games.

A CON-GAME is a CONfidence game. As long as no one looks behind the curtain the ring masters can continue to get richer. This includes the Federal Government.

All of this is possible by ignoring metaphysical realities and signing up in different forms of Cultus Cheerleadicus. Cultus Cheerleadicus ignores reality by claiming that man makes his own reality in the absolute. This is provably false. Man participates in the formation of his reality and he can help things tremendously by optimism, but if he tells himself that "all we have to do is keep it going," "real estate won't go down," "you can't lose on this one!" he risks a strike from the Cosmic Fly Swatter. Need I say more?

The good news is that the American people are mostly good and know inherently the metaphysics of this life. They believe in the Absolute Good. This is why after getting turd pies thrown in their faces by elitist, east coast, Harvard educated, sophisticrats, most of whom now wish they had more than ten fingers to point, the regular folks just use a hose to wash off. They get up and say "Wow what a beautiful morning, we'll manage, Honey, I got to go to work, now."

They leave the Cultic Delusional Swindles to the smart fools who knowingly or not nearly destroyed them.