David Tice: We are going into a depression.
There were five very famous bears on TV, on Friday. I posted the videos. David Tice interview provides the most clarity.
On Goldman Sachs
FYI - I expect Jim Cramer and other GS employees will be fleeing / leaving the country in the future. I posted that view almost a year ago. That view appears to be getting closer to frutition. There are 100 million armed Americans, as things unwind, there will be a search for revenge, GS is the most obvious target. WND writer posted today: If I worked for Goldman Sachs, I'd be retiring before the end of the year and moving very far away from New York City. Once the depression hits in full force next year, a lot of Americans are going to be very, very unhappy. And thanks to Henry Paulson, they'll have a pretty good idea of who is at least somewhat responsible for their dire straits. Monday, July 06, 2009 Most favored bankstas http://voxday.blogspot.com/ The revelations that Goldman Sachs is manipulating the market and that the Federal Reserve banks are private - not government - institutions are coming out now because the U.S. is going broke, and doesn't have enough money to to keep the matrix running. (Of course, it is also harder to cover up manipulations which are orders of magnitude greater than ever before attempted). Indeed, Goldman is probably the key player on the plunge protection team and similar government schemes to manipulate the markets. So the fact that Goldman's shenanigans are starting to leak out - despite the government's best efforts to keep the whole enchilada secret - is dramatic. The American Treasury has been looted (the big banks and financial institutions got the loot), the dollar is losing its status as the world's reserve currency, and the mountain of debt overhanging our economy threatens to bury any hope of recovery. Dictatorships only last so long as the dictators keep their people well-fed and distracted, but the current financial "dictators" don't have enough spare cash keep distracting people with "bread and circuses". So the truth is starting to leak out in a big way. http://georgewashington2.blogspot.com/2009/07/powers-that-be-dont-have-enough-money.html#comment-form Monday, July 6, 2009 The Powers-That-Be Don't Have Enough Money to Keep the Matrix Running it's to the point where we've become either numb, or resigned, or both, to the extent of corruption that occurs there. Then again, Matt Taibbi just informed us last week that the folks over at Goldman are no less than responsible for every market bubble that's occurred on Wall Street since the 1920's. (See: "The Great American Bubble Machine.") http://correntewire.com/great_american_bubble_machine_0 It's also vitally important to commence public hearings and official investigations of those who committed real crimes and malfeasances. Bernie Madoff has been salted away for two and a half lifetimes, but H enry Paulson is still at large after overseeing the creation of the biggest heap of fraudulent securities the world has ever known -- and then betting against them in the swaps market, in effect shorting his own swindle -- not to mention his misdeeds at the US Deparftment of the Treasury. Why are those other Wall Street smoothies still enjoying their Hamptons villas while the foreclosed set up tents in the Sacramento Delta? Why are the government officials who failed so miserably at regulation still enjoying their salaries, perqs, and pensions while those not employed by a bloated government struggle to stay alive another week. The Free and the Dead By James Howard Kunstler On July 6, 2009 6:34 AM Max Kieser was stating this a year ago. Here he is on 26 June 09