MERRY CHRISTMAS

IS BETTER NOW OR NEVER.

HOW ARE YOU.
YOU ARE SO RIGHT
HOW COULD GUYANA BE BANKRUP.

ELOISE THORNE

Listen guys, you know Barky provided a beacon of hope for the entire world, but it’s still tough out there, I am not planning on going back to the old country anytime soon. but the way things are going I think that I may have to arrange a blog party with the rest of you guys and lets blog the Christmas and New Years night away.

Ok I’ll only charge 1 dollar per head, have your own drinks available

Joe.

Joe.

America is totally bankrupt. The solution that Henry Paulson came up with, was more out of desperation to plug up cracks, with band aid plaster, in the crumbling walls of a hydro electric dam. It is now up to the tune of 8 thrillion dollars and a total failure, to the American people but continued profit to the rich.

The treasury cannot print their way out of an economy that is based on a debt/ credit financial pyramid. Lets look at how this system works. First there is the corporation, every quarter, wall street looks at their financial sheets, and if the profit is less that the quarter before or less than projected, their shares take a nose dive. This has forced CEO’s to outsource every piece of their business and fire everyone except themselves.

Now lets look at the business model of wall street. Wall street was made up of investment banks, that took vast sums of investors money and made a fast turnover of enermous profit by leaveraging those huge sums. The investors of note were the “slow” investment companies, mainly commercial banks, hedgefunds, 401k’s, pension funds, insurance companies.

The Federal Reserve Bank who is the lender of last resort, and who is owned by the very banks that put all the profits in their pockets, and had no reserves to honor the vast debt that is now due, sent Paulson with his “Henny Penny the sky is falling” message to get the clueless and culpable government to agree to serve up the tax payer as collateral.

Now they are saying, hey we have more money, let’s get back to business as usual, but much to their surprise and that of the clueless government, markets still remain frozen and they cannot understand why. The truth is that the investors are now gun shy, and even the banks do not trust themselves and each other with the ability of creating a brand new Ponzi scheme, whereby investors would jump in with the same zest and zeal, as before, remember once bitten, twice shy.

Remember also that banks never had the kind of funds in hard cash at any given time, by law they were only supposed to leverage their loans 10 times over, but they circumvented all law requirements and reasoning and went up to as much as 100 times as in the case of Freddie and Fannie.

Bear in mind also that no amount of money can make a bank profitable, unless they lend it out for interest, but investors would not jump back into a system, where the profit potential is based on fiat currency, and played by the same rules.

So again in the same way that they decided to mask the toxic securities to look like triple A. by buying up CDO’s from AIG, they have now decided to back this new round of fiat currency by the only “asset” that was left available, that happens to be we the people/ taxpayer, but a time will come when even this solution still will not return investor confidence. Therefore America has got to turn to an entirely new system of economic development, which the banking cartel simply will not allow.

If there is ever a world leader at this time with the musle power and wherewithal to make a difference it is China and Japan with its 6 thrillion dollar in reserves.

Now I know I will take some heat for saying this, but I prefer to stay within the realm of reality, instead of illusion. So go ahead guys, hit me square on the chin. I will grin and bear it. LOL

Joe.