I just heard a radio show as I woke up at 630am or so...
I don't have to rush up and fly and so was able to awaken to some talk on the Hallerin Hill show here in town that brought it all home about the imminent bankruptcy of our financial system from others perspective.
Now that's what you want to hear when you wake up is it not? But anyway it seems not only does the radio host get it- but there are others that called in and do as well. That's encouraging. I wonder if they have read some of my entries?
Then the Senior US Senator called in and besides the fact he gets it he didn't say it and lied about the immediate impact if any for my state here. He also said they should of spent at least half the stimulus on better projects which is correct. Oh he also said they should of used it for the underlying problem.
Now Andrew if your listening today you will agree!
You see the housing bubble and misappopriation of all the debt to non-paying under qualified home buyeres and lying about, low and no income mortgages and the repackaging of all these trillions of loan investments have screwed us like never before. So it only makes sense that we need to do something with all this housing surplus and getting people into them albeit with better cautions and government backing.
You see my friends, many of the major banks are actually insolvent. Most of the others will not lend to anyone without top credit scores if at all. You don't want everyone to know that the banks are broke on the top because this will cause a massive run on ALL banks and the end of things as we know it. So they are banking that these fake stimulii will persuade people PSYCHOLOGICALLY to start spending and gradually get things back to the buy-buy-buy and borrow-borrow-borrow lifestyle that KEEPS US GOING!
I think this --That by still talking the seeds of fear in all of us the "Leader" of the used to be most powerful nation on earth will continue the slide into depression and we will all find out that the banks and our country will find out anyway that its useless and we are insolvent. That the nationalization of some of the banks without telling us the WHOLE TRUTH will backfire or at least cause panic anyway when you know people have to find out sooner or later that we are in a catastrophic big mess.
Its a scenario I didn't want to report but all the pieces are coming together as they said it would in a special session of Congress last year! They knew this was going to happen. We have to give credit to everyone for this. We all have borrowed and how many have saved???
Save us!!!!
Terrorism is not real enough for you?
Is respect for women worldwide like here?
Look at this and feel sorry for the Arab World!
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