The bailout bubble is busting....they threw trillons around for bankster buddies....and where's the jobs for the public?
This is what I think the market sees today.
It could be that the sheeple are waking up.
That is the crooks biggest nightmare.
What's good for wall street is bad for main street, and vice versa.
If the sheeple are waking up....the markets will crash!
If people buy gold, it may blow the banksters and fed up....they might be massively short gold.
If the sheeple are waking up....they will never trust the banksters again, IMO.
It is not good....but....who did it? Who set it up?
The sheeple are figuring things out, figuring out why their bankrupt, and why their foreclosed on, and why their jobless, and why were now in the 3rd bubble in a row.
People are fed up with their crap.
Check out Celente's analysis:
The Bailout Bubble – the Bubble to End All Bubbles
by Gerald Celente
The biggest financial bubble in history is being inflated in plain sight. This is the Mother of All Bubbles, and when it explodes, it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world. Either unwilling or unable to call the bubble by its proper name, the media, Washington, and Wall Street describe the stupendous government expenditures on rescue packages, stimulus plans, buyouts, and takeovers as emergency measures needed to salvage the severely damaged economy.
All of this terminology is econo-jargon. It's like calling torture "enhanced interrogation techniques." Washington is inflating the biggest bubble ever: the Bailout Bubble. This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors, and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the Bailout Bubble explodes, the system goes with it.
The economic framework of the United States has been restructured. Federal interventionist policies have given the government equity stakes, executive powers and management control of what was once private enterprise. To finance these buyouts, rescue and stimulus packages – instead of letting failed businesses fail and bankrupt banks and bandit brokerages go bankrupt – trillions of dollars are being injected into the stricken economy.
Phantom dollars, printed out of thin air, backed by nothing ... and producing next to nothing ... defines the Bailout Bubble. Just as with the other bubbles, so too will this one burst. But unlike Dot-com and Real Estate, when the Bailout Bubble pops, neither the President nor the Federal Reserve will have the fiscal fixes or monetary policies available to inflate another. With no more massive economic bubbles left to blow up, they'll set their sights on bigger targets. Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war. Since the Bailout Bubble is neither called nor recognized as a bubble, its sudden and spectacular explosion will create chaos. A panicked public will readily accept any Washington/Wall Street/Main Stream Media alibi that shifts the blame for the catastrophe away from the policy makers and onto some scapegoat.
At this time we are not forecasting a war. However, the trends in play are ominous. While we cannot pinpoint precisely when the Bailout Bubble will burst, we are certain it will. When it does, it should be understood that a major war could follow.
May 15, 2009
lewrockwell.com |
