posted on Jun, 23 2011 @ 11:07 AM
Markets are down about 2% since he spoke. He has nothing new to offer.
The Fed and our leaders have one chance left to keep things from falling into chaos. They need to turn their backs on the corporations and reach out
and help the people of our country. They can due this by buying all mortgage loans in existence and refinancing them under better terms. They could do
this with credit cards as well. This could also be done with no increase in taxes or future liabilities. Inflation is the great worry, but since the
money will be paid back to the government, and the banks balance sheets will fall drastically, the worry of inflation isn't such a huge worry if this
program was institutued.
The choice comes down to saving our economy and its people or saving the banks and high worth investors? Should be a no-brainer but it's not because
our elected officials don't care squat about anyone who doesn't contribute big $ to their campaigns.