The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions.
Should American bankers be let off the hook because they self-declare, before an investigational panel, that the failure of their newly invented risk swaps and other highly leveraged investment schemes was simply due to "mistakes"? Not malfeasance – just every-day mistakes? Bankers just fell asleep at the helm at a critical juncture in American history. Is that what we are being led to believe?
Oh well, it’s just 18 million American homes that now lay empty in the wake of unprecedented foreclosures, and the bankers have collected obscene bonuses for reckless lending of their depositors’ money. It’s like the captain and crew of a ship saying, not to worry, twenty-percent of the passengers were lost overboard, but this was due to unavoidable mistakes, and then being rewarded with bonuses when they reach port.'
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It is intentional. Greenspan began to put the final acts into motion in the early/mid '80's. Every depression is scientifically planned and they have all been clawbacks by the greedy bankers. They had tons of food but let people go without in the "dirty thirties". They let things go and look at all they got back! Each depression has been geared towards clawing back more and more because they want it all. There are no accidents. I think it a merciless joke that TIME put Bernanke up where they did. Right now they are letting people ease up, those who did not lose all relax, buy some more, take out other loans.
ReplyDeleteThen they are going to rip em off and pull out the rug. According to a pile of professional money magazines, September is the time. SOmething about the third quarter. At that time, the dollar is gone. As it is, China will not lend the US more $$$ unless they do it in Chinese coinage.Pretty well every country says they will deal with the US in their form of money, not the dollar which is marked for extinction in the next year.
Just a bundle of cheer and good news huh?