Read What I See

     It is stuck on me and everyone needs to get involved.  The Fed and Treasury economic geniuses are trapped in quicksand and slowly sinking.  They haven’t figured out yet that the more agitated they get the quicker they will sink

Follow up:

.  We just witnessed a 500 points rally on the DOW after silly remarks from Geithner into buying bad assets from banks, something that some economist have referred to as garbage.  He plans to spend at least $1 trillion and recruit some private investors to chip in to get rid of these bad assets.

     We can see how desperate Wall Street is into making something happen.  The U.S. household net worth sunk by $11.2 trillion since this housing mess started in 2007.  There is plenty of bad news that would make the stock market hit rock bottom but instead they take Geithner remarks which are actually bad news and turn it into a rally.  Why not, after all, it is not their money they are sinking in the stock market.  They are playing with the money that you and I have invested in a 401k and in pensions.  We have already lost 40%; why not gamble the rest of it.

     While today’s ruling politicians embark in all kinds of deceit and schemes such as giving the unions more power, see what is really happening to the UAW. The AFL-CIO has been helpless with layoffs and benefits reductions out of contracts and as the economy sinks further we can see that the Obama administration is again talking out of both sides of their mouth.  They are not for the people, while his administration looks for support from the unions, they are big losers just like the rest of us.  Our politicians have become excellent illusionists; while they pretend to be pulling a rabbit out of your hat they are pulling the wallet out of your back pocket.

     For decades many of our politicians have pretended to help the poor, the less fortunate and the unmotivated in our society.  They have for years promoted sub-prime lending policies.  It is now evident that such was more like the foundation of the scheme.  Barney Frank and others who are buried deep in big banking pockets have helped to create today’s crisis.  For years they appeared to have advocated sub-prime lending out of compassion but now we can see it for what it really was.  They are no longer speaking in favor of those sub-prime borrowers as they were the first ones to lose their homes and are now living in tent cities.  I retract that, they have allocated $75 billion to slow down evictions and foreclosures.  This is a slap on the face after giving trillions upon trillions to their banking masters. 

     I am for Capitalism and free enterprise but if these sold out politicians really wanted to help the people they should:  1) Buy the banks at today’s real value which is little.  Stop bailing them out and let them lose their assets.  They got themselves into this mess they should pay for it.  2) Give everyone in our country a clean deed to their primary home to stop this misery to the millions that have and will lose their homes.  Then impose a 10 year fair tax based on the value of the home to help reimburse most of the cost.  Such would be the biggest stimulus that they could ever inject into our economy.  Do something for the taxpayers and the people for a change.  This would also put a stop to the decline in home prices and loss of assets.  3) Put back in their homes with a clean deed those who have been foreclosed and evicted.  4) Sell the banks back to private investors.  Such bold plan would never be carried out because it would be in the best interest of our country and its citizens and not part of the scheme that they have been cooking for decades to strip us out of our savings and possessions.

     This is the best way we can describe what most of our politicians have and are doing to us.  I say politicians and not government because it is their duty to represent us and dictate government actions and policies.  They have sold us out; this is what we are really getting from them.

     Part of the expense for the purchase of toxic bank assets is to encourage private investors to chip in.  Our government that fails to represent us, is going to do what they have done in the past.  They buy bad assets that are worth 20% to 40% of the original value and use tax payer’s money to pay 60% to 80% of its value.  In other words, they help the banks by giving them more than the assets are worth.  They keep what is totally garbage indefinitely for our citizens to hold and sale the rest to their banking buddies for 10% of the original value.  This could be seen as the greatest Ponzi schemes of all times.  Can you see now where that $11.2 trillion of our net worth loss is ending up?  In reality, in the long term it is all there, it is just changing hands.

     The bankers and Federal Reserve Ponzi scheme is only finishing the first phase.  The second phase will be even larger when the commercial real estate collapses.  First we will see real estate such as those previously leased by the now defunct Circuit City end up in the hands of those who got for pennies on the dollar the first round of so called bad assets.  That will be followed by large office buildings as most of the rented office space is vacated by bankrupt business or by those who are reducing their work force.  Then we have all of the Malls which are quickly been vacated by bankrupted business.  Last and not least will be the small mom and pop entrepreneurs who financed their own buildings for their businesses.  They will lose their life time savings when they can no longer pay their commercial mortgage.  Interesting enough we don’t know who is buying all of this and for how much.  All of these assets are changing hands at the expense of our citizens while our government lies in bed with the big bankers.

     In France we just saw over 2 million citizens protest against bailouts and not enough government help for them. The good news is that our citizens are beginning to rebel. We know have non-partisan tea parties (see history) that are beginning to get national attention.  There are many planned tea parties in cities around the nation for April 15th (be there).  Our crooked politicians are beginning to get alarmed as our citizens are starting to rebel and protest.  It has become obvious that the banking crooks have control of both of our political parties although more so the Democrats.  Recent news indicates that they are beginning to fear an up-rise of the people and the growth of a third political party of which they do not control.  I will finish by leaving the link to this article in which they targeted Ron Paul and Bob Barr and tried to label those affiliated with a third party as a  "The Modern Militia Movement".  Get involved, help is needed to retake our country from those who have shredded our Constitution, destroyed our values, and spent recklessly.  If we continue the present path we will end up with nothing.  Getting involved is our best hope to get hold our destiny and be saved from destruction.