Serious financial people are "Thinking the Unthinkable," and shocked to find themselves doing so. They're late to the game. Many liberty lovers have been thinking our own unthinkable thoughts for quite awhile now...
PIMCO CEO Mohamed A. El-Erian, calls the bank bailouts "Socialism." He rightly observes that the US government...
"privatized massive gains and socialized massive losses." Growing numbers of people throughout the world are beginning to "believe the capitalist system is not fair."Should the FED Save Europe?
El-Erian identified politicians and policymakers as major barriers for economic growth. He noted that American society has "transferred enormous power to the politicians and policymakers." And unfortunately, "politicians are driving." He said it is like policymakers are driving the car without a map on an "unfamiliar road and all of us are sitting in the back seat." "They haven't told us where we are going" nor have they provided a "vision for the U.S. economy." Instead the politicians are "arguing amongst themselves;" there is "no clarity." (When Economic Unthinkables Become Reality)
Hell no! They would do this by printing more money and laundering it through the IMF, which means in reality they are assessing a tax on each of us, further destroying our savings and our spending power, and handing our money over to Europeans. Money is not wealth, it is a measurement of wealth. Printing more money is like redefining the length of an inch or how much a pound is. You change the perception, but not the reality.
Feed the Progressive Beast!
Meanwhile, intellectually-dishonest crapweasel Paul Krugman has, Surprise! found more things we can tax. What this stubborn statist won't mention is that government already blows the dollar equivalent of one-quarter of all US economic output, while collecting only around 17% of GDP. See the gap? Libs do, and they want to close it by confiscating an unprecedented amount of personal earnings. Government hasn't spent this much since WW II, but tax collection has always averaged around 17% of GDP. It's the spending, stupid!
A Government of Goldman Sachs, by Goldman Sachs, and For Goldman Sachs
Goldman Sachs and the other Wall Street pigs, flush with taxpayer money, are the rosy cheeked picture of health. Now, the story is out about How "Dirty Hank" Paulson took care of his cronies. Is anyone surprised? The Goldman Sachs mole who penetrated the US Treasury did what he was supposed to do.
These Wall Street vermin have infested our government and they are sapping the foundations like the termites and rats that they are. Worse, they do it shamelessly, in broad daylight. And they get away with it. Our banking system is rotten, and the parasites have almost killed the host.
"The World" goes in debt to "The Banks"
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
[...] It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year. (Secret Fed Loans)Instead of bailing them all out, our government should have let them go bust and then clapped them all in jail for irresponsible lending and concocting financial stinkbombs.
