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For the Love of Money Is the Root of All Evil
The possibility of defacto American economic invasions to repo underwater IOUSA American properties underwater is not beyond the realm of possible consideration. Some might say that would be mild tit for tat after Korea, Vietnam, Iraq, Afghanistan, Pakistan and Iran.
Some say Asian students dominating American Universities, and Mexican illegal laborers sending technology and money back home already invaded.
Despite the sobriquet of Helicopter Ben, the Harvard MIT Stanford Princeton Academic Student of the Last Great Depression with 1590 out of 1600 SATs who chairs the oxymoron Federal Reserve, has in fact slowed the growth of M-1, M-2 and hidden M-3 since 2009 and 2008.
http://en.wikipedia.org/wiki/Ben_Bernanke
No wonder our markets have still not recovered. Hope springs eternal.
Our economy is not recovering, but contracting, masked by artificial earnings from changing GAAP accounting rules like mark to market and destructive cost-cutting. Who can buy, save and invest when they are out of work?
Corporations are temporarily buoyed by ersatz credit stimuli from borrowed TARP, TELF, PPIP and Pork Barrel Earmarks doubling deficits and increasing debts while they refuse to write-off or sell all their toxic assets because they will wipe out required bank capital, already reduced by emergency.
TARP currently estimates a guaranteed taxpayer loss of $141 Billion.
How will bank depositors be made whole?
More Americans are slowly realizing they might be better off if they ignored compromised bonus babies in government, on Wall Street and in The City to let broken banks and corporations fail.
With the money already borrowed and spent away by Government, every American family could be a millionaire.
Of course the prices of communications, energy, food, healthcare, shelter and transportation would skyrocket. They have not, something most gold bug true believers fail to appreciate. Hope springs eternal, or at least until the foreclosures and margin calls or we run out of money.
