Stories we all need to read;

Posted on | October 21, 2009 | 2 Comments

Very good oversight of the situation;

Death of ‘Soul of Capitalism:’ Bogle, Faber, Moor

About the “great stock market” they are hawking;

The Stock Market Has Never Been This (Intermediate-Term) Overbought

S & P too:

Pay No Attention to the 140 P/E Behind the Curtain

And as for the derivatives, w-e-l-l-l-l those supposed safe investments were never what the crooks claimed they were, were they?

Intractability of Financial Derivatives

(PS: which is why Micheal Moore couldn’t find one person on Wall Street to accurately explain derivatives.)

So it has always been a scam, pushed by the shysters who made out much better then Bernie Madoff, at least that crook is in jail.

Short and sweet, the economy is still DOA.

The system is far too broken to quickly recover, and if it does we aren’t gonna like the outcome, irregardless of who is sitting in the White House or who controls congress,

The laissez faire crowd, broke the economy, with their voodoo economics, exotic investment schemes, sliced and diced tranches of crapola loans sold as triple A investments, all promoted by the scam artists on CNBC  … that much is simple to understand.

We collectively have allowed the greediest people to scam the system based on lies and propaganda IE(that we all would get some trickle down), but that lie has been exposed and now we all have to pay the price,

Pay the price for 30 years of economic gross mis-management, and propaganda to push that LIE by the crooks (and their political lackeys, Reagan included) who set up bubble after bubble (Savings and loan, tech bubble, housing market) to enrich themselves and fleece the rest of us. It worked for those who pushed the crap they sold to the sheeple that trickle down and lassiz faire would enrich us all, but now we know they got rich, we got crap.

Just like the bust after the 1920’s go-go decade, we have to do the real necessary work to try to unwind this one, however the crooks want to inflate one more bubble to get even richer, based on keeping the system they have scammed for so long to get the government and FED to inflate a bubble based on essentially no interest money from the fed, kited through their scams and deceptions to inflate this bubble till the masses have no more to give.

Wall Street scam artists and shysters know how this game is played, they have done it for 30 years. Last fall they had Hank Paulson begin rigging it all up with the TARP, and now have Bernanke keeping interest rates at basically zero (shades of Greenspan 2003-2006 during the housing bubble inflation period) for them to borrow essentially interest free,while raising the interest rates WE pay on our mortgages, credit cards, and loans if you can get one. Now you know how Goldman made all that money they just reported, while millions of Americans lost their jobs.

Trust me Wall Street will push this one as far as they pushed the housing scam the pushed to get the bubble that just burst. They no longer are interested in capital formation or helping entrepreneurs to build new businesses, (which is why small business CAN’T get the loans they need now) just how they can scam people and smaller investors out of their money FAST, before this one pops.

However this bubble if they can inflate it is the last one, cause each bubble must be large enough to include the damage of the last one, and no bubble can over come the crash of wall street if the fleece all the money they can out of Treasury and the FED.

This one ain’t about politics, NO it is about the final economic acts of a group of people who have scammed us all for three decades and want to do it just one more time.

If the lies, distortions and propaganda pushed against the health care reform, to keep the Wall Street people happy (no matter how many suffer, face bankruptcy or die because of it), is any indication; they are gonna get away with it. Cause with all the oxygen in the room stole with tea baggers, birfers, astroturf and the MSM follow the crazies for ratings, IE (the balloon story) …the scam will be far enough along that it will be mostly set up with Wall Street raking it all in as fast as they can, before the expected pop, and next economic crunch. At which time the MSM will have some of the crooks on claiming nobody could see it coming. (Just like they did for the housing bubble.)

I feel 2012, is the farthest out this bubble can last.

After that, … well, things ain’t so rosey ……..

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