Fed' Chairman Says Things Stabilizing
You might see or hear this propaganda from Bernake about markets returning to normal as a result of the Federal Reserve manipulations. I guess it all depends on your perspective. If you are one of these financial institutions that gets bailed out by the extra money that the Federal Reserve prints up out of nowhere then perhaps you are feeling good right about now.
J.P. Morgan Chase lent themselves oodles of Federal Reserve notes printed fresh up to buy Bear Stearns at pennies on the dollar. For them the economy has turned the corner. However, for the other 300 million of us wage earners whose dollars will decline in value as a result of this sweetheart deal, we're going to see continued price increases.
So has YOUR economy turned around? Has YOUR 401K started to increase in value again? Has YOUR Real Estate started to increase in value? Has YOUR salary kept pace with the increase in prices of ALL the things that you have to buy like electric, gasoline, food, housing and oh yes - taxes?
Please comment and let me know. Does your economy suck? Are the media shills in their ivory towers partying with the other gang members in the government, military industrial and financial complexes singing "Happy Days Are Here Again" while you are singing "Buddy Can You Spare A Dime?" Do you not see that they are intellectually naked little emperors terrified that you might notice one day soon that they are without cover for their lies?
I guess what I really want to know is: How much longer are you ALL going to believe these greedy little jesters and tyrants?
J.P. Morgan Chase lent themselves oodles of Federal Reserve notes printed fresh up to buy Bear Stearns at pennies on the dollar. For them the economy has turned the corner. However, for the other 300 million of us wage earners whose dollars will decline in value as a result of this sweetheart deal, we're going to see continued price increases.
So has YOUR economy turned around? Has YOUR 401K started to increase in value again? Has YOUR Real Estate started to increase in value? Has YOUR salary kept pace with the increase in prices of ALL the things that you have to buy like electric, gasoline, food, housing and oh yes - taxes?
Please comment and let me know. Does your economy suck? Are the media shills in their ivory towers partying with the other gang members in the government, military industrial and financial complexes singing "Happy Days Are Here Again" while you are singing "Buddy Can You Spare A Dime?" Do you not see that they are intellectually naked little emperors terrified that you might notice one day soon that they are without cover for their lies?
I guess what I really want to know is: How much longer are you ALL going to believe these greedy little jesters and tyrants?
posted by Tomás Estrada-Palma at
10:53 AM
6 Comments:
Hey Tomás haven't you heard? We were enjoying one of the longest lasting economic upturns and recoveries in the history of the markets. You must have not been paying attention while the greatest number of "Americans" ever, had achieved the dream of home ownership, certainly you must have read that "Hispanics" (I hate that fraking term) had achieved a never before seen level of ownership, c'mon, you have to have heard or read somewhere about the Bush "Ownership Society," right? If not, I'd recommend that you need to ease up on the Ambrosia. Everything is just fine, no need to worry about a thing, just buy buy buy, you'll be able to sell your property for a hefty profit in just a few years, just sign (in blood) here, here, here, here and here...wait, wait, here and here also, just in case you default, no biggie, we know that will never happen.
Time tells everything...
You are so right about that my friend, however, we know that spin dominates "the news," instead of the truth. The Bear Sterns debacle was clearly an indicator of the B.S. game being played by the real people in charge, yet the herds of complacent peons shrugged their shoulders and happily went back to being herded. What has happened to people in this once great nation, does it not seem as if the dreams of the founding fathers are dead?
It surely does my friend...
Tomás, Ron Paul will be on live TV today @ 7:00 PM EDT, on Fox Business Channel. I've eMailed you as well.
Thanks amigo!!
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