Posted on 02/10/2009 11:06:45 AM PST by Syncro
same approach that Madoff used.....
$9.7 trillion and they are just getting started. The GDP is not going up, the value of the currency will soon have to fall to take this into account because I doubt all that has been sold as bonds
or close to $30,000 per American
I’ve said it before and I’ll say it again. They will keep coming back o the money well until it’s dry and our currency is worth ZERO. “Backing by the good faith of the American government” will be laugh, and be nothing but worthless paper.
We’ll just call it “Big Kenya”
“You do NOT rebuild a capitalist economy”
He’s rebuilding a speculation economy.
It’s all about derivatives.
The “frozen markets” stuff — has anyone heard of anyone not able to get a loan as normal?
I see no economists who writes about this, or seems to know about them, they must all work for the finance sector.
This column (second part of the article ) is his description of the scam. It is the details some of you have been asking for.
http://market-ticker.org/archives/779-The-Swindle-Continues.....html
They should have just given it straight to us. We’d all pay our debt and buy new stuff, keeping everyone employed =/
I’m going to have to stop reading all this stuff.
it would still be inflationary but it would have been better than this
Note that we have abandoned use of the B word (billion) and gone straight to use of the T word (trillion). //sarc
Like is at the top of CNBC TV shows, and the little thingie that FOX and others show as the market is climbing and tanking.
Of course they all take it off of the screen when anyone from Present Obama Nation is talking so we can't watch it go down.
>>They want to bankrupt the middle class so we will all be on the same level with the wealthy and ruling elite living like kings.
That is the eventual goal. The elite, of course, regard feudal society as the most natural form of social organization. But there will be many twists and turns so that the peasantry doesn’t realize that they are being guided back to feudalism.
Any bank in trouble, who needs a bailout, will have to become an extension of socialist govt policy and CONTINUE the stupidity that got us here in the first place...loan...loan...loan.
As for addressing the real estate meltdown at the center of this entire mess...well, that'll have to wait a few weeks. We have some banks to socialize first.
Those who invest, especially those who invest A LOT, know the only way out of this mess is to encourage savings and investment.
Yes I agree.
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