It’s getting embarrassing to watch the mainstream media cover this economy, which is being destroyed by the government. The government and the federal reserve caused every problem we are facing, and now they are supposed to be the ones to fix it?!?!!
Henry Paulson identifies the housing price drops as the cause of the problems. A sixth-grader could see through this B.S. and ask the next simple follow up question: What caused the housing disaster?
The answer is so simple, but with the propaganda machines in full spin mode at the moment, it is sometimes tough to grasp for some people. The government is now proposing a $700 BILLION bailout. Where do you suppose they get this money? From thin air of course! They simply print the money. And how does that affect your bank account? It shrinks it! The value of your dollars is rapidly depreciating through this abomination. It’s simply a tax on YOU, without the geniuses in D.C. having to say they are raising your taxes.
For some sobering realities, check out Peter Schiff and Ron Paul on their latest appearances on CNN:
Schiff on CNN 9/19:
Paul on CNN 9/19:
Paul on CNN 9/21:
The more the government and federal reserve intervene, the worse this problem will get. Sure, we will have an occasional rally in the market for a day or even a few days, but the fundamentals will win out- and most people, or “main street” will lose.
To keep safe from all this madness, consider buying some gold. Easy to do when you open an account at goldmoney.com.