What a wild roller coaster it has been in the financial markets!!!. I think everyone and their brother just got a HUGE head fake on this Likely Bank Bailout plan passing. I am shocked, but also relieved in some way, despite the fact I lost a few G’s in the market, hope for America exists as shown by the slight majority of level headed Congressman in the House. They know mainstreet gains little and wallstreet gains everything on this plan.
So, do you think I could go to my bank without charts, business plans, graphs and my first born, in my efforts to get a business loan? I think not! Then where is all the justification, the recourse, the impact studies on this proposed bailout? Maybe I wasn’t watching the right channel, or that’s just classified, but good Lord, obviously Paulson and Bernake and buddy Committees don’t do their homework. Maybe India doesn’t write term papers anymore, I don’t know. All they know is their banking buddy executives are in trouble.
Based on all the rhetoric and media coverage, the minority whips, speakers, president, FED, etc.., all said “progress” was being made. Doesn’t it seem odd to you that 90% of the interviews were all slanted on the opinion of passing? Yet 55% were Against the Bill? HMMM… sounds like the media is more of a controlling puppet, not an unbiased independent news source. But who is controlling the puppet on decisions on how to report the news and who to interview? HMMMM… Food for thought. My guess is the corporate elite who run this country, who unequivocally got us into this mess WITHOUT oversight and Transparency. T & O, whats that? I think if I hear these words, along with the notorious “Bi-partisan agreement” , I think I am going to Puke! Wait, if I call it “Rescue Upchuck” I am sure it will taste much better! LOL! Anyway, The mere fact that they try to change the name is just a sign of the leaders agenda.
These words are like some kind of new, ground breaking moral code that will change everything. So, its not something their Mothers taught Them? I guess not. ETHICS and COOPERATION, thats all it is, like they should get a gold star or an automatic free pass for doing such things? Come on we weren’t born yesterday. Hmm. can you Legislate those values. I think not. Hence another likely breakdown is sure to follow. You can’t trickle down funds and expect it to work. It never trickles down enough.
Nevertheless, I am certainly not in favor of the Big Financial Bank Bailout, and if anything is going to work it has to go to mainstreet first. No other way. The other way is giving more crack to the crack head. Its rewarding malinvestment and greed. When is America going to learn that recessions or depressions are a cleansing cycle? Its like taking the car keys away from disobeying children. Or its like the pain of 10 cuts vs. 100. 10 Now or 100 Later. You choose. It hurts, but its a necessary evil in any cycle, economic or otherwise. Once this is understood, “Shiva” would be proud.
Congratulations my friends you have a front row seats to the onset of the greatest depression since I don’t know when. I may be wrong, but forget about 1930′s, were on a track to something worse than that. But it won’t feel like that because its 1000 cuts not 100, thanks to the good ol’ Treasury printing press. Devalued dollars. Currency Debasement. Robbing you slowly. As an example, 630 Billion was injected into the fiscal system on this new “Black Monday” by the Federal Reserve!!. Who needs Congress to Inject 700 Billion into the Financial System when you got the FED? Fascism could be right around the corner.
Good night and good luck.
