April 11, 2009
– Comments (7)
Geithner a criminal??? Are we all Madoff's clients now??? Can you handle the truth???
MUST WATCH INTERVIEW!!!!!!
Does our Government represent the American People or World's Bankers??????
Soon you will learn the truth......Prepare.....don't Fear!!!!!
If you thought Madoff was big......the current cover up just may be the Mother of All Madoffs. Was what was good for the banks was bad for the American Taxpayers? I have warned you....if we don't restructure....things will only get worse!!!!!!!!!!!!!!
Billionaire investor George Soros has warned that bailing out banks could turn them into “zombies” that suck the lifeblood of the American economy, which he predicted is in for a “lasting slowdown”. He also cautioned that the recent rise in global stockmarkets is a “bear market rally because we have not yet turned the economy around”.
Soros stressed that restoring health to the “basically insolvent” banking system and the housing market is key to any recovery. The public-private investment funds introduced to rid US banks of bad debts will work but won’t be enough to recapitalise the banks so they can start lending again, he said. “What we have created now is a situation where the banks will be able to earn their way out of a hole but by doing that, they are going to weigh on the economy,” Soros said. “Instead of stimulating the economy, they will draw the lifeblood, so to speak, of profits away from the real economy in order to keep themselves alive.” Analysts agreed that the financial system remains a problem and thought recent optimism that the worst may be over was overdone. “The market’s stance on banks had been too optimistic recently,” said Nagayuki Yamagishi, a strategist at Mitsubishi Securities in Tokyo. “Some large US banks have already passed stress tests, but others haven’t, and given that results are coming up soon, this simply reignited investor uncertainty.”
Is this something new? My Mom taught me that everyone was a crook I was 10 years old!!! But -- If you can't beat em, then join em -- thus the stock market and my various other vices in life.
Thanks ALSTRY !!!!!!!!
Like anything.....it is the extent and nature of the action or behavior. A hand granade is one thing, and nuclear explosion is something else.
Right now....the cops may be the criminals.....up to the highest levels in the force.......
When that happens, the whole game is a fraud and structure breaks down.....people start asking why should I pay taxes...why should I obey the law.....why pay when others take.......
There are substantial risks to our society right now far beyond making or losing money in the stock market. The fraud is widespread and systematic.....and is attacking the core of the American foundation.
Unless we step in fairly soon and start cleaning house.....the consequences may be very severe and far beyond when any Fool has blogged thus far.
Black for Treasury Secretary. Timmy Geithner obviously more qualified.... ARRGHH.
Speaking as a peak oiler I have to say, they had to do something. World wide demand for not just oil, but everything that has to do with the expectation of perpetual growth that cheap oil has brought, had to be reigned in. It had to in order that the end of oil could be managed with some semblance of the current power structure intact through to the next age.
The only other explanation is madness, the madness that comes with greed. What I wonder is down which probability tree the truth lies. It is more likely that it was just greed. On the other hand, planned destruction done like the collapse played out only needed the work of a few key players to get it rolling. Once the ball got started down the hill conservative mantras of deregulation, the righteousness of greed, and capital pre-eminence would be all that would be necessary for it to continue and to pick up pace.
All that any small group of conspirators needed was to know the habits of the mass that was the right wing at the time. Once they knew that, they could empower them and then stand back except to remove a few obstacles here and there as the mass got moving. Any lefties that got in the way were sure to get sucked up in the tar ball as it rolled over them.
It's madness and greed. Oil was but a small(well not so small) pawn in the game. If we had nuclear fusion and the whole world was powered for free through the air there would still be some kind of economic bubble due to greed.