Bailouts for Rich Vs. Poor/ Dec 1st, 2008 01/24/2009
The total bail out money (tax payer) is said to now have topped 7.5 trillion dollars equaling roughly 20,000 for each American citizen (babies included)… Meanwhile the Citigroup bank (that will soon also collapse) gets a 360 billion in secured loans… According to Bloomberg Magazine the US government is prepared to provide 7.5 trillion on behalf of American tax payers. The pledges amount to half the value of everything produced in the US last year. Obama proposes 500 billion to rebuild roads, bridges, modernize schools and develop alternative sources of energy and efficient cars, while 7000 billion to go to maintaining the status quo. Citigroup in a drive to get even more funds accurately predicts civil disorder in 2009 as a result of their own greed. Add Comment I-broke/ Dec 1st, 2008 01/24/2009
Apple CPU's lowers its ridiculous prices in order to sell its one month away from being outdated laptops, needing to get fake money to buy hard assets before the much anticipated great depression 2.0. Fed news/ Dec 21st, 2008 01/24/2009
The current contrived economic collapse of the unnecessary monetary based economy widens the earnings gap, as levels of individual debt skyrocket. To finance the bailout Washington must borrow from private banks (the Federal Reserve) which in turn are the recipients of the bailout. Yes if you didn’t know the Federal Reserve is only about as federal as MacDonald’s and Burger king (and if you didn’t know that and have read this far… then holy shit!). Bill Clinton signed the Financial services Modernization act which entailed the entire US financial industry being transferred over to a handful of financial conglomerates (but it’s ok because he played the saxophone and jogged through black neighborhoods) this all doesn’t matter anyway as since its inception the fed has been nickel and diming people who never cared to know how the system worked. Now the people who helped Clinton implement that act will be directing Obama through 2012. APEC claims that fake financial crisis will be overcome in 18 months. They all pledged to make food cheaper, government’s cleaner and market more open. Unfortunately this is all bullshit because leaders support ban on protectionism pledging not to implement protectionist measures for the nest 12 months no matter how punishing the global downturn may get. In English this means they will not interfere with free trade which seeks to keep prices high and product quality low, and wages even lower, while they buy up the assets with money they have given themselves and stockpile mercenaries. They spoke out against protectionism claiming it would create devastating consequences, stating their fear that poor people would suffer the most damage. In short Bush vows to protect free trade, allowing his own country to go further into debt while exploiting cheap labor from other countries now dependent on this abuse to sustain their own up and coming fake economies. Obamas economic team/ Dec 1st, 2008 01/24/2009
Members of Obama’s Transition Economic Advisory Board such as Lawrence Summers played a key role in lobbying for financial services modernization act-chief economist for World Bank which lovingly permitted macro-economic reforms in developing nations which resulted in massive poverty. Pal Folker played a critical role in implementing first stage of financial deregulation which is said to have lead to the current fake market collapse. Timothy Geithner was CEO of private Federal Reserve Bank. Get ready for some pocket change! Economic Jargon/ Dec 1st, 2008 01/24/2009
BE AWARE OF THE FOLLOWING CONFUSING TERMS… Predatory lending, solvency, brokerage, derivatives, hedge funds, deregulation, credit ‘crunches’, interest rates and cuts, profit margins, liquidation, market collapses, stimulus packages, shotgun mergers, and Fiscal turmoil are all bullshit terms whose meaning can be summed up in one long winded but comprehensive sentence. THEY ARE CHARGING YOU INTEREST ON MONEY THAT DOESN’T EXIST (AND NEED NOT EXIST) TO GET RICHER, WHILE YOU GET MORE IN DEBT, TO BUY PRODUCTS THAT ARE INTENDED TO BREAK DOWN BEFORE THE NEXT MODELS COME OUT, SO YOU HAVE TO KEEP WORKING JOBS THAT ROB YOU OF THE TIME AND ABILITY TO THINK FOR YOURSELF AND ESCAPE THIS SELF-PERPETUATING CYCLE THAT IS DESTINED TO LEAD TO YOUR CHILDRENS DEMISE AND MAYBE EVEN...YOU! With the help of the puppeteers of the Bush administration, banker greed was jump started with a mega tax cut in late august. They continue to spend the money from the supposed bail outs swallowing up smaller banks and giving themselves bonuses, to brace the contrived economic crisis they created. In total approximately 50% will go to shareholders (I.e. not lending intended to indebt misguided shopaholics who long to buy disposable shit they don’t need, as was originally intended). Congressional lawyers scared to do anything about it as that would have forced a bank run, create a great depression and reveal to everyone how much of a scam it is, and namely because Bush had issued a threat to martially enforce passing of the bill. Basically saying that if you don’t say YAY, we will force your ass to! (REAL>>>>> LIFE) Wal-mart to elect new CEO, as the last one was blamed for lowered consumer spending and subsequent closing of Chinese factories. Unemployment climbs/ Nov 23rd, 2008 01/24/2009
US jobless claims at a 16 year high as 10 million unemployed slaves, await the Obamian call of duty. A excerpt from the from the “statement on Financial markets” which was the final the product of the G20 convention is translated into English… | ArchivesFebruary 2011 The Fake Economy CategoriesAll |









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