Life after Tarp

In a closed session meeting at the Round House today World President , Mr. Knowles Itall, met with The World Congress officials on the current state of the world's financial economy.  A statement was then released to the reporting agency, MYOB (mind your own business), that the stronghold fever, which had gripped the world since the removal of Tarp funding back in 2011, has finally broken.

The economic crisis, which started in 2008 and often described as an economic tsunami, ripped across the globe causing massive deterioration in all economic stratas affecting rich, poor as well as the middle class. Heads of nations struggled to find ways to keep income streams flowing into their repressed economies.  Many measures were employed, the most famous of which, TARP (an acronym no one recalls at this time), also known as stimulus funding, could not produce enough working capital to support the entire global population. The world was in a terrible crisis.  In the ten years following the start of the crisis, a catch phrase took hold whereby history books called those years, The Great Anxiety.

At the start of The Great Anxiety leaders of governing nations met in attempt to individually shore up their own countries but the measures failed mainly because it didn't matter which country produced any goods or services, there were no buyers. The nation then known as The United States of America was the world's leader in the effort followed by other multinational unions then known as China, BRIC Nation Union, Latino Americano, Canada, Asia ex Japan, and The Arab Block.  What came as the greatest surprise, the ultimate reason for the TARP failure, was the lack of understanding that a world population in the trillions could not absorb a world debt over ten times that; the IOU's proved to be globally worthless.

In a statement given by Mr. Knowles Itall, reference was made to the historical antics taken by the then American presidents Mr. Bush, Mr. Obama and his successor, Mr. Brown which ultimately failed. Mr. Itall cited the severe tax increases levied against the marjority of consumers known as the Baby Boomers as a complete failure and ultimate fiasco (in 2011 the term Boomers was broadened when then American Congress voted to expand the grips of those desired to be most heavily taxed).  The World President's statement included example of loss in a variety of industries;

In entertainment, Mr. Itall refered to the loss of a once thriving Hollywood, a movie industry, which has since been replaced with hardcore porn only available in IT form (direct to your I-Got-It personal computer device).  He gave another example with the failure of then Auto Industry which has since been replaced by Jet Sidewalk (aviation at your doorsteps) used on the few occassions the World Congressional leaders deem it necessary for a resident to leave home (a rare occurrance since 2011).  Also, in his speech World leader, Itall, praised the loss of private home ownership citing the program called Cell Block as the overall reason for success of The World Congress's intervention.  The program was initially instituted after the failure of the United States of America, in 2017, when the United States of America lead the global default crisis in a government program designed to enable citizens to receive government monetary subsidy by using their private property which in turn the United States of America used to collateralize national debt.  The private homes, insured by government, were repossed and replaced with Cell Blocks, the new housing stock which allows 10 families to co-habitate in 5 rooms (rotating the use of the rooms) which are vertically stacked to 1,500,000 feet.

Cell Block housing proved to be a turn around in world economic health as nations contained their populations providing only bread and water to the massive populations for the past 22 years.
It was the inception of Cell Block housing which began the economic turn around removing consumer spending completely thus winding down debt (it should also be noted that the Boomer population exponentially decreased during the past 22 years).

In his closing remarks, Mr. Knowles Itall said, "the math always has to work".