Greetings good citizen,
The Dow is regaining yesterday’s losses (if only because they can) which is to point out the obvious, that NOTHING has been done to ‘fix’ the economy…although (apparently) YOU aren’t supposed to be ‘concerned’ about that…
Like my ‘economic desert’ scenario, a ‘broken economy’ spells disaster for the residents thereof.
Currently the global financial system is on central bank life support and is (thanks to ‘creative accounting’) doing much better than the ‘real economy’ as this article demonstrates:
Why does it look to me like the predatory banks are looting the public treasury?
Facts on the ground tell us that banks should be shedding people like mad, they don’t have the ‘income’ to support the people they have because a vast majority of their customer base is a serious credit risk.
Again we bash into the solid fact that fifty percent of US families are on some kind of food assistance program…why is that? Because cheapskate capitalist employers won’t pay their people enough to buy food AND keep a roof over their heads!
[Have to ‘stay competitive’ you know!]
Followed by, “What does how big a bonus I got have to do with anything?”
Same thing in the financial sector…how can these criminals reward themselves for screwing up the global financial system beyond repair?
We’re back to the need to re-define why you get a bonus!
(Because these guys clearly don’t understand the concept.)
Worse, they seem to think we don’t either…
The world clearly isn’t falling apart (Because all money is Funny) but that’s the ONLY reason. (Otherwise we’d be up to our buttocks in reptiles right now!)
Let me explain it a bit more clearly…because you won’t hear this from one of their stooges or anyone else who can get within a thousand miles of a major media outlet.
The banking ‘business model’ is broken!
There aren’t enough customers to keep these monsters afloat.
ALL of the banks (around the entire world) went bust in December 2007.
And until the global economy is re-balanced, they’re NEVER going to be profitable again!
It’s simply not there to be had!
Interest rates locked at Zero are ‘self-explanitory’. There is no money in banking…So, how did the banks have one of their best years since the crash?
Can you say ‘Loot’?
Not that this really matters…what you SHOULD be losing sleep over is that sudden stop that will occur when they decide to ‘derail’ our existing civilization.
(And they’ll do this to throw the law off of their trail.)
Do we have weeks or days remaining good citizen?
The nasty problem here is even they don’t know.
You have to keep your eyes on the exits and even then there will be about a jillion ‘false starts’.
Like the market going up and down for no discernable reason.
I preach to the choir when I point out that our civilization is already ruined.
I was watching the run up to WWII on the Military channel last night and experienced serious ‘déjà vu’.
Nobody dares prosecute the criminals for fear of what they’ll do…
Well good citizen, they’ve already bankrupted us…And A Simple Plan can stop that in its tracks (because it only deals in real assets in real time, none of this derivative nonsense.)
But the decision to change from today’s predatory system to tomorrows equitable one remains to be made…
And guess who gets to make that choice?
YOU!
Thanks for letting me inside your head,
Gegner
The Dow is regaining yesterday’s losses (if only because they can) which is to point out the obvious, that NOTHING has been done to ‘fix’ the economy…although (apparently) YOU aren’t supposed to be ‘concerned’ about that…
Like my ‘economic desert’ scenario, a ‘broken economy’ spells disaster for the residents thereof.
Currently the global financial system is on central bank life support and is (thanks to ‘creative accounting’) doing much better than the ‘real economy’ as this article demonstrates:
U.S. Banks in 2012 Post Highest Profits Since '06 – FDICUm, se habla ‘creative accounting’?
By REUTERS
Published: February 26, 2013 at 11:54 AM ET
WASHINGTON (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp.
The FDIC said the industry's full-year earnings were the second-highest on record at $141.3 billion, an increase over 2011 of $22.9 billion, or 19.3 percent. But the head of the agency said growth would probably slow this year, and warned that bank profits could dive if Congress does not reach a federal budget agreement that prevents automatic cuts.
Bank earnings peaked in 2006 at $145.2 billion.
Much of the earnings growth in 2012 came from banks reducing the amount they set aside in case of losses on loans, the FDIC said. Banks also saw gains on loan sales and higher servicing income.
"While there is still room for further income growth, we don't expect the pace of earnings growth to continue at these levels," FDIC Chairman Martin Gruenberg said.
Why does it look to me like the predatory banks are looting the public treasury?
Facts on the ground tell us that banks should be shedding people like mad, they don’t have the ‘income’ to support the people they have because a vast majority of their customer base is a serious credit risk.
Again we bash into the solid fact that fifty percent of US families are on some kind of food assistance program…why is that? Because cheapskate capitalist employers won’t pay their people enough to buy food AND keep a roof over their heads!
[Have to ‘stay competitive’ you know!]
Followed by, “What does how big a bonus I got have to do with anything?”
Same thing in the financial sector…how can these criminals reward themselves for screwing up the global financial system beyond repair?
We’re back to the need to re-define why you get a bonus!
(Because these guys clearly don’t understand the concept.)
Worse, they seem to think we don’t either…
The world clearly isn’t falling apart (Because all money is Funny) but that’s the ONLY reason. (Otherwise we’d be up to our buttocks in reptiles right now!)
Let me explain it a bit more clearly…because you won’t hear this from one of their stooges or anyone else who can get within a thousand miles of a major media outlet.
The banking ‘business model’ is broken!
There aren’t enough customers to keep these monsters afloat.
ALL of the banks (around the entire world) went bust in December 2007.
And until the global economy is re-balanced, they’re NEVER going to be profitable again!
It’s simply not there to be had!
Interest rates locked at Zero are ‘self-explanitory’. There is no money in banking…So, how did the banks have one of their best years since the crash?
Can you say ‘Loot’?
Not that this really matters…what you SHOULD be losing sleep over is that sudden stop that will occur when they decide to ‘derail’ our existing civilization.
(And they’ll do this to throw the law off of their trail.)
Do we have weeks or days remaining good citizen?
The nasty problem here is even they don’t know.
You have to keep your eyes on the exits and even then there will be about a jillion ‘false starts’.
Like the market going up and down for no discernable reason.
I preach to the choir when I point out that our civilization is already ruined.
I was watching the run up to WWII on the Military channel last night and experienced serious ‘déjà vu’.
Nobody dares prosecute the criminals for fear of what they’ll do…
Well good citizen, they’ve already bankrupted us…And A Simple Plan can stop that in its tracks (because it only deals in real assets in real time, none of this derivative nonsense.)
But the decision to change from today’s predatory system to tomorrows equitable one remains to be made…
And guess who gets to make that choice?
YOU!
Thanks for letting me inside your head,
Gegner
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