I find it almost humorous (not really, but it is beginning to get hard to feel sorry for cheerleaders and sheep) that WCOM is seen almost as an anomaly. The press sort of admits to "accounting problems", but they do not admit the truth -- that the markets and many, many corporations have fraudulently manipulated their earnings in order to sell stock and pay employees with stock for over 10 years. The stock market became a god and was no longer viewed with a critical eye or even viewed rationally. Just this fraud amongst wallstreet and corporations and the fed covering for them could collapse the markets and hence the US economy. Forget terrorism, dollar problems, debt at EVERY level (the current deadline to raise the government limit is too funny), margin troubles, derivatives, foreign investment problems, brewing wars, gold suppression, moral breakdown over last 10 years, priest troubles coming to light, etc. etc. etc. BUT, you CANNOT forget any of these things! They are all coming together for a terrible time. CNBC (a recent phenomenon, lest anyone forget), the fed, the government's manipulated numbers, Rukeyser and his elf clowns, and all the clown brokers and financial planners by the thousands (most equal to used car/insurance salesmen) cannot alter reality. A sheep can stay content right up until it gets slaughtered, but it does get slaughtered nonetheless.
I remain,
SOROS |
