| may 06 2009 | | The Last Bubble. | The people that brought you the Dotcom Bubble and refused to allow a normal correction but instead facilitated the Japanese carry trade to flood liquidity into the Housing Bubble are at it again. The government of America with few exceptions are bought and paid for by the owners of Wall Street. With three lobbyists paid for by Wall Street, to every Congressman, the bank owners have bought a government. The American Empire is now a model Fascist Business entity. Their stooges have removed all regulation and over sight and are in the process of giving all regulation over to the Federal Reserve which is a cadre of private international bankers. Americans slept while their country was taken without a shot being fired. The Constitution exists only as museum relic in Fort Knox.
The last Bubble, the Mother of all Bubbles is now being inflated. Having brought the workers to a state of penury, who are no longer able to consume due to being buried by mortgage debt, home equity debt, credit card debt, student loan debt, etc. The next stage, which started with the meagerly $700 billion bail out, is to drop the hundreds of trillions of dollars of bad derivative bets onto the tax payers, by a compliant government. Tax revenues for all time will be owed directly to the international bankers. There will be no money for social security, pensions, health care or any of those other unproductive hand outs. And it's not just America, it is happening all over the western world. We are F***ed.
China and Russia and their sphere of influence will come out of this winners.
I know what would alleviate our problems. How about another world war, that would sure get the economies of the world humming? Or what about hyper-inflation? Inflating our way out of debt has worked in the past. Punishing interest rates end up being administered eventually but then either way the patient is DOA.
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