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alstry (36.01)

When Will The Enron Moment Arrive?

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October 15, 2010 – Comments (1)

Basically, our entire economic system has morphed into a bifurcated system....Washington and Wall Street applying Enron type accounting and mainstreet being forced to use traditional accounting contraints.

Washington and Wall Street get to move their losses off balance sheet and borrow against their gains....the private sector has to "suck it up."

At some point...those in the private sector will realize what is going on and call BS.....when it happens watch out....because the entire world's system of commerce now depends on Enron type accounting..........

But history has shown no fraud can continue perpetually without being exposed and correcting......this one will be the MOTHER OF ALL FRAUDS......prepare....don't fear.

It will simply transition us into the Digital Age.....

As the Industrial Age continues to shut down right before our eyes due to Benny The B's Zombulation policy of cutting off credit to the private sector and giving essentially unlimited credit to Washington and Wall Street.

Social Security: No 2011 Increase Either

 

1 Comments – Post Your Own

#1) On October 15, 2010 at 4:06 PM, alstry (36.01) wrote:

Riot police, protesters clash at Acropolis...

Fuel pipeline to Paris cut as protests escalate...

Airports pipeline cut...

Sarkozy sends in police...

NOW DENNINGER IS SEEING THE ICE CLEARLY AS WELL....

Every time Bernanke speaks he talks about "more credit."  But we're here because instead of capital formation we have shifted to relying on "more credit."  Credit, however, is debt.  Those policies great for the debt merchant, including of course The Fed, but highly-destructive to the capitalist who is trying to provide a good or service into the economy.  He is slowly asset-stripped by the banksters through his reliance on these mechanisms, where he should be relying on asset accumulation - that is, capital formation. 

By destroying capital formation Bernanke both destroys those on fixed incomes and savers through intentional devaluation of their asset base and wrecks the structures that are necessary for productive investment and economic stability, say much less growth. 

In a very real sense, Bernanke is throwing Granny and Grandpa down the stairs - on purpose.  He is literally threatening those at the lower end of the economic strata, along with all who are retired, with starvation and death, and in a just nation where the rule of law controlled instead of being abused by the kleptocrats he would be facing charges of Seditious Conspiracy, as his policies will inevitably lead to the destruction of our republic.

We're at a crossroads folks.  Either the rule of law is restored and the games stopped, with the removal from positions of power of those who have enabled the scams and frauds and the fraudsters themselves put out of business and jailed, or the spiral will tighten and the pressure build as capital flight and destruction of final demand continue until we get this:

http://market-ticker.org/akcs-www?post=169279

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