The Con of the century!, page 2

reply to post by Jkd Up

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being told that the bailout/TARP was bad policy by many, many, many posters in forums, by citizen economists, by dozens of finance minded pundits all over the web (there were very few murmers from MSM)
the Senate refashioned a replacement bill to replace the thoroughly defeated original 'bailout bill' and some weeks later bothe the Senate then the House gave the Fed/Treasury their ransome of $700billion plus the extra ~$180bn of Senate pork~

And, all those represenatives with well paid staff, voted first---then gave deepe thought to the circumstance---then were all fundamentally returned to Office on Election Day...

I say, all these joe&Jane 6packs....actually Deserve the TARP fallout they allowed to happen...



conclusion:

jobs reductions far higher than seen or expected in the future,

The "Level 3 assets", hidden by the banks & brokerages, Insurance conglommerates...are still increasing- are still opaque - are going to require another cash infusion of $3trillion in the next year for sure...
and it will always be the same song & dance from whomever is the Treas Secretary or in the Fed... as they tell us that victory is jst around the corner.
Meantime the elites stash the bonuses, buy the survival systems they require to ride out the 'Storm'...and grin as they survive the crises to reman the power structure heirarchy the Fed/Treasury is overtly providing withcapital & liquidity during this economic entropy period.




[edit on 11-12-2008 by St Udio]

Originally posted by pause4thought
China's economy will survive economic depression.

Peter Schiff, Jim Rogers...others, recommending foreign investments. If you were managing a large foreign investment fund, where might you be inclined to go bottom-fishing?

I believe that confidence in the US, a cornerstone of freemarket-investing has been shattered for years to come.

Scam 50BB: House Arrest

Embezzle a measley $6 million..accept $4.26 million in bribes:

China Gives Death Sentence in Bribery Case

China's state news service reports that a copper company official convicted in a bribery case will face death.

Full Text

Crackling voice of a cunning visionary

vodpod.com...

He speaks in clouds, insert your own lightning!

reply to post by Criskahta

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America can be bankrupt evil or whatever youd like to call us but not a world power is simply The day the US is no longer The Power will be when someone figures out how to sink our carriers.

You haven't watched Monty Pythons, no you haven't.
Carriers are very fragile things

reply to post by Mercenary2007

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Do you really think China's economy will survive a global depression. there entire economy is based on selling cheap plastic crap.

Most computers come from China. And they have a Chinese "sliding door" back there in the back

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