---- ATHENS, GREECE ---- THIS IS ALL FAKE
Greek Prime Minister George Papandreou was on the defensive today amidst fallout over his nation's latest triple X rated debt issue. Only Italian Prime Minister Silvio Berlusconi voiced cautious approval.


"You want people to buy these or not?" asked a defiant Papandreou.
"Forty percent interest didn't bring people in the door. But now, even kids are finally interested in fixed income."
Some of the bonds feature the Greek Womens' Water Polo Team.
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---- WASHINGTON, D.C. ----
Until today nobody doubted the U.S. Bullion Depository at Fort Knox, Kentucky held more than 5,000 tons of gold.

But this morning, Treasury Secretary Timothy Geithner admitted the Depository is just full of chocolate bars.

"There wasn't going to be a 'right' time to announce this" confessed the Secretary. "We hoped chocolate would be a reserve currency before we had to."
Fortunately, the Federal Reserve Bank of New York holds an even larger stockpile of gold weighing almost 8,000 tons, much of it held in trust for foreign nations.
That Bank's president William Dudley assured world governments "The Nestle Crunch is yours, right France?"
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---- WASHINGTON, D.C. ----

United States Treasury Secretary Timothy Geithner Sunday blasted China for its "addiction to lending."
"They never even asked how much we make" said Mr. Geithner.
According to the United States, China preyed on white people with good credit, extending loans they could never pay back.
"China can take the House" said an exhausted President Obama. "Make sure Boehner's in there when they do." China reportedly doesn't want the House, but might settle for Alaska and Hawaii.
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---- WASHINGTON, D.C. ----

Late Friday the ratings agency Standard and Poors, a subsidiary of The McGraw Hill Companies, Inc. (NYSE:MHP) announced that it has lowered its rating of certain United States debt from AAA to AA+.
President Obama promptly responded by issuing his own downgrade of S&P to "snitch." "And their outlook is negative."
Treasury Secretary Timothy Geithner contested the downgrade. "We got cotton. What else you think's in dollars?"
THIS IS ALL FAKE AND NOT TRUE
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---- TOKYO, JAPAN ----
This weekend Japan's Finance Minister Yoshihiko Noda announced the Bank of Japan's plan to devalue the Yen a second time in one week.
This debasement comes on the heels of Japan's initial intervention to weaken the Yen on Wednesday.

"This move goes farther. The Yen isn't just worth less than the United States Dollar now. It's worthless" Mr. Noda explains.
"Everyone has to trade in their old Yen for the new bills at participating 7 Elevens on Monday."
The United States is expected to fight back in September. By then Congress or the Fed or the President will have found a way to destroy U.S. citizens' savings even faster than the Japanese. "It's all going to be scratch-off lottery tickets" says a source within the United States Federal Reserve. "Not everyone will be a winner."
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---- FRANKFURT, GERMANY ----

Members of the Euro Zone are going to have to make big cuts to austerity, says European Central Bank President Jean-Claude Trichet. "Germany and the Netherlands are on the brink. If they keep spending less than they make then our Union is doomed."
Most analysts believe northern European countries will be forced into a round of belt loosening.
"They're going to have to start buying because if they don't Trichet will call in a favor from above."

While nobody on this planet wants Italian or Spanish bonds, Trichet is said to have connections to private investors with an appetite for high yield human indentures.
"Obligating ourselves to aliens is hopefully a last resort" said a spokeswoman for the ECB.
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---- WASHINGTON, D.C. ----


Speaker of the House of Representatives John Boehner (Republican, Ohio) challenged the President to show what happened to all of the cash back, miles, bonus points, or other rewards earned while racking up trillions of dollars in debt.
"There's no way you blew a tril' on credit and we don't even get a dufflebag."
The President is thought to have earned double rewards on purchases made at gas stations and major grocery stores.
THIS IS ALL FAKE AND NOT TRUE
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Tags: boehner, obama, reward points, trillions of dollars, national debt, obama's debt, obama spending, spending by obama, deficit, obama deficit, representative boehner