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House Financial Services Grilling of Hank Paulson vs. ‘Recession Over’ Headlines
Most people were too busy to get the facts on the screwing of taxpayers and our economy by government banking insiders.
They instead depended on incomplete evening news sound bytes or inaccurate Internet stories written by wire services owned by media monopolies. They trusted investment professionals with considerable conflicts of interest to advise them. This happened on an individual, community, county, state and national level.
The results were horrific. They missed the dead cat bounce we called and now may be getting back into an overvalued market we also called.
For instance, in the last Senate Banking Committee grilling of Federal Reserve Chairman Ben Bernanke, numerous inconsistencies and liabilities were exposed by certain diligent members of Congress, while that evening government monopoly media headlines proclaimed BB passed with flying colours and would be reappointed in January 2010.
Nothing could be further from the truth, folks.
We continue to find it our Constitutionally protected obligation to care for the truth.
The truth is our financial leaders in big business and big government let US down at our expense. They created a deficit usury tax and spend house of cards that is tumbling down like Humpty Dumpty and all the King’s men. All the King’s horses cannot put Humpty Dumpty together again.
Not only do our financial leaders admit in poorly covered testimony they did not see any collapse coming, they admit widely reported forecasts of incipient recovery were strong and wrong.
Students of our 1444 page practical investment history life opus, The Gift on CD, know there is little new under the sun. Deceptions, particularly about money, occurred since Cain slew Abel, Jacob got Esau’s birthright through deception and Jacob worked 7 years for Rachel and got Leah instead.
Our CD readers know Congressional hearings in June 1932 led to the Glass Steagall Act of 1933 to protect consumer banks from investment banks.
