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The Prodigal Son: Federal Reserve Bankruptcy; Silver Lining or Wall Street Marvel?
Monday 8 June 2009
It’s not the Super Liquidity Programs, Dark Pool Sigma X’s or even the tax and other moral evasions of Presidential Appointments and Congress.
http://zerohedge.blogspot.com/
The darkest secret on Wall Street Today may be monopoly media continuing to call a greater than 10% contraction in GDP a Recession.
In fact the decline so far is a textbook definition of Depression. Calling it Recession may be like calling David Carradine’s last moments a joy ride.
Denial is not a river in Egypt that flows North.
http://www.voxeu.org/index.php?q=node/3421
Federal Reserve Chairman Benjamin Bernanke, Princeton Professor, went on 60 Minutes, saw green shoots and announced he was never on Wall Street.
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/15/AR2009031501678.html
BB’s appearance reminded US of progressive Princeton President Woodrow Wilson. He campaigned and won election admitting America sold out to the Money Trust. Then he sold out to the Money Trust, getting US into World War I, imposing the draft, 77% income taxes and Versaille war reparations before having a stroke on the Lincoln Bed.
http://www.vlib.us/amdocs/texts/monopoly.htm
http://en.wikipedia.org/wiki/Woodrow_Wilson
This brings to mind another Fed Princeton Woodrow Wilson Alumnus on CNBC who like BB also perennially spouted green shoots of mustard seeds.
http://kudlowsmoneypolitics.blogspot.com/2008/10/mustard-seeds-of-hope.html
