The end of America
Green shoots in the economy. Coming out of the recession. Housing sales up. Banks post profits. Fed chairman says "we have the tools".
Barnum would love living in our day. Americans and the media have now lowered themselves to the animal level, parrots.
Housing sales up? Of course they are up millions of Americans have folded in the towel and can no longer keep payments, so their friendly banks have repossed them and placed them on the auction block. Last time I looked prices are still declining. If you think the job losses are ending soon I would recommend cutting back on that special kool aid you are sipping on. Expect more houses to default and prices to decline further.
Banks posting profits? Like Goldman Sachs recently. If someone gave you 13 billion would you not be able to post a couple billion profits, especially since you decided to sell key assets to boot.
The green shoots in the economy are weeds. Weeds happen when we expect something for nothing, instead of vegetables substitute the printing press.
Its alot of work to garden but healthy food is the payoff. Its a lot of hard work to produce in the marketplace, much easier to steal from the average working man by printing trillions of dollars, funnel money to the illuminist greedy banksters and say "we cannot afford to let them fail".
The only thing we are coming out of is a era of production into a era of theft.
We were not in a recession. Or were we going into a recession, or are we now in a recession. The patient (the economy) had a stroke We were not in a depression. We entered a era where the bubble cannot be reinflated and now the patient on life support cannot get up.
Sorry it did not work one more time Berneke.
Oh and maybe more congressmen or women can have the courage like Ron Paul to ask why the country needs a outlaw Federal Reserve.
I ask how in the world Mr.Bereneke can America possibly go into a depression when the money supply is inflated to the moon?. It is impossible as increasing the money supply cannot place a country into a depession. Hyperinflation is the only outcome for doing that. But you look so smart Mr. Bernenke when you are being grilled by Congress, I guess our leaders just assumed you were. Last time I looked we have mushroomed the money supply so high we are now caulous to any more creation of it. The pleas for more money creation now smacks more of theft than logic and reason working.
Btw the Federal governments own office of buget management says as of this year it is now impossible for the U.S. to ever be able to pay off our national debt!.
Now what does that say about the indignation shown to Bernic Maddoff?. Our leaders have sold us and our future out with with deceit, lies, cooked books, and payoffs to elite. Madoff is small potatoes compared to the ponsai scheme run by the Federal Reserve and the private central Banks. Its all a shell game. When Madoff one day announced it was all a joke, his whole empire.. a ponsai scheme worth hudreds of billions fell to a worthless nothing overnight as it was a house of cards.J ust like the U.S. dollar is a house of cards.
The America dollar has pimped a pretty picture of "backed by the full faith of the U.S. government". When, (soon) the cards fall the dollar will be seen for the weak promise made of nothing of value behind it is and the albatross it creates by shackling the working class with taxed now and into the future.
China and other countries are as we speak are throwing the dollar out and working hard to convince other countries in the rest of the world replace it as the worlds currency.
For the first time the Federal Reserve has had no buyers at a recent bond auction of 300 billion dollars. I have been saying for years when the Chinese and others quit buying our debt we are doomed and our dollar will seek the water line which is not a high water line, but a low one as in the sewer.
Now the debt with the stimulus bailouts have come so high that it exceeds the whole domestic product and production of every citizen in America. If Americans were taxed at 100% of their earnings and I am saying every single paycheck in America the U.S. government could still not pay it off.
The morons think another round of stimulus should be implemented. Whats another trillion or two or four? Look into Obamas face when he pleas to adopt the national health care plan. He is using fear to motivate us to get behind the new big swindle. This is the reason he says, " if the health care program is not adopted your premiums for insurance are going to keep skyrocking.
My answer to that is premiums have been skyrocking because government has been creating so much debt especially since Greenspan to date that the dollar is buying less and less. Obama is getting the pressure to do something and since he does not care if America is preserved he will allow a total debasement of the dollar. A national health care plan is a quick way to turn up the printing press to warp speed with an estimated cost of more than a trillion dollars a year. Hows that for expanding the monetary base?
Face it they are out of bullets. Money creation is their only tool and it is of no help or use anymore and matter of fact every new stimulus now only seals its fate. Every stimulus since the first 50 billion to give to taxpayers from the Bush administration has done nothing. Now it is the day of reckoning and that money is washing up on shore like a oil drenched duck. The USA dollar cannot accomplish anything on its own now and is close to dead. We just don't want to believe it yet.
The once strongest currency in the world has died. The bounce in the stock market is just a lemming reaction from those who have been sitting on the sidelines waiting for the feel good moment when their leaders tell them all is good now.
The real truth is although a few banks have posted profits the majority of banks are facing huge losses with the coming new defaults that have not even hit the economy yet. Exploding arms alone which are triggered to start very soon have trillions of dollars in write downs.
Exploding arms are a clause in millions of loans made to non credit worthy home buyers such as those who were recipients of the subprime loans. These arms require the borrower to pay a huge balloon payment after so many months and or the borrower will pay a much higher monthly payment as their contract requires because the interest rate increases on the date the arm starts. That day is weeks away for most. When these people who should not bought a house in the first place signed those mortgage payments they thought the economic boom was going to last forever and all they would have to do is go to the bank a get a 1st 2nd or 3rd mortgage as their wonderful investment surely would keep increasing in value. Not!
Watch as more and more banks fail. 57 banks failed so far this year and more are on the way. Can we say cronies and good ol boys club, translation.. ilumini who are behind Goldmans and other banking investment groups are buying up alot of these falling banks. We are getting the screw and evil greedy bankers are robbing this country right before our eyes.
The banks are in such dire shape that facts are being withheld so as not to panic the populace from making a run on them. With in the money world talk is circulating a complete bank holiday is being planned. The purpose to put a freeze on your dollars while they back a new currency other than the U.S. dollar and then re-value the U.S. dollar to it while all banks are shut down. That way when the devalue is done and the new currency is announced with a huge markdown to the American owner of dollars we will have not had time to convert to other currencies or commoditys and the mark down can take effect basically bailing out the U.S. governmet to a certain degree. The loser? Everyone who has money in the bank. Or a better more accurate statement is everyone who has American dollars.
I would laugh to if it was funny. I just don't think it is funny. My study of history is this has been done before and the bank holidays are never announced. Those who did not get their money out lost 40 to 60% of their value in days after the bank window was open. So believe the lies, everything is getting better and we are coming out of the recession. Berneke is smart and one man can save us. Like he says the Fed has many tools. The main tool again is the printing press with debt that can never now be repaid. Add to that many nations bailing on our dollar, yeah things look great huh?
What do I see really happening?. Mayhem and craziness.
As the mountains of money pour into economy chaos will result, shortages, riots, violence and spikes of commoditys prices like never seen before. Government will try to control everything including us. The most hideous controls will be placed on production and imports creating problems faster than the tazmanian devil could aspire to. This can be described as only the end of America. Stay tuned its going to be the looney tunes in living color.
Banks have trillions of toxic debt still to wash out of the system. The Fed can say they are to big to fail and try to push a new monstrous stimulus thru. There is a point though when we all see who oz really is. Come on people simply printing more money does not help anything, only delaying the outcome. It does do something though. It creates loss of jobs, carnages of closed businesses, and prices for the goods in the economy to only explode to the upside. We are seeing the loss of jobs and the closing of businesses. The inflation is next.
If Mr. Bereneke is so smart why has this situation only got worse as he has surely done many things over the years. I will tell you why, he and the pillars of that institution he works for are using fear to rob America. So far two trillion dollars have been robbed from the citizens.
Another thing, you do not pour gasoline on a smoldering fire, that is unless you are dumb. So why does Congress allow the Wall St gangsters to receive payoffs of taxpayers monies? Why would our leaders want to give trillions to Wall St? Because the illumani have their hands in their pockets to the point now that if one uses reason they might conclude there is a plan to destroy America and a hand off of that wealth to those ilumani corporate heads who are now running Wall St.
Maybe that is what Mr Bush had meant when he declared on national tv not to long ago, "if they really knew what we were up to they would jump out of windows".
How does all this speak for domains? Maybe we should be regging names like, paperdollarwallpaper or tpdollars or boatloadsofusdollarsforthestove.
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