In a pathological example of nearly clinical hypocrisy, PIMCO’s Bill Gross yesterday dedicated 4 meandering essay pages full of polemical ramblings to the characterization of America’s sad political and financial hybrid reality. Yet the billionaire’s saddest message is precisely the self-deluded aggrandizement that Gross decries yet willfully takes advantage of every single day. Because after bemoaning the fate of America’s broken political system, and ridiculing the Federal Reserve’s kleptocratic-friendly ways, it is precisely people like the PIMCO chairman that are most guilty of taking advantage of every single loophole presented to them, even as they criticize just this activity. This, beyond all the petty trivialities that Gross discusses, is precisely what is most wrong with America – at this point everyone, and especially Mr. Gross, knows too well that the wealth transfer from the middle class to the elite 1% of society will not end until such time as America itself defaults.