posted on Oct, 4 2011 @ 10:57 AM
By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Memo to the Super Rich, your high-paid lobbyists and your no-compromise
political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy. Thanks to your
self-destructive ideology, America is now in the second of back-to-back Lost Decades. A new one on the heels of the 2000-2010 Lost Decade where Wall
Street lost more than 20% inflation-adjusted. Get it? You guys launched America’s second Lost Decade of 21st century.
This article is bang on the pulse on what is happening right now across the USA, and what is even better about this article is that it is on
marketwatch.com, so investors will be reading. It seems like the Occupation protests may actualy be having the effect and attention it wanted.
There is no going back now, many people have said it, and after todays market, as well as Greece not getting a loan until november, well we are well
in a recesion now, so much so that it can no longer be covered up and ignored by the media.
4. Wall Street still doesn’t get it In a recent Foreign Policy article, William Cohan, a former J. P. Morgan Chase managing director and author
of “Money and Power: How Goldman Sachs Came to Rule the World,” warns Wall Street not only learned nothing after the 2008 meltdown, they’re
aggressively lobbying to kill all reforms that might “break this dangerous cycle in which bankers and traders get very rich while the rest of us
suffer from their mistakes.” Wall Street is deaf, blind and myopic, wants no limits on “all manner of bets on the market,” even at the “risk
of a U.S. recession.” Only a catastrophe will wake Wall Street.