From the article:
2. The "recovery" is limited to the top 20% of the households, but that's good enough when coupled with euphoria-inducing statistics (new claims for unemployment dropping from 424,000 to 417,000--wow!) which don't show more people being hired, just fewer people being fired.
It's not even a legitimate "recovery". It's armed robbery!
The "recovery" was artificially brought about by backroom deals at midnight in late 2008 between the U.S. Congress, the U.S. Federal Reserve, the U.S. Treasury, and a few major Wall Street firms.
In the meetings, it was decided, "We're not making enough profits through the conventional means of capitalism, so we'll pass new laws to forcibly take what we want from taxpayers through fascism. We have control of the largest and most powerful weapons on Earth, so fuck them if they don't like it. They will accept this or else!"
In the days that followed, there was a massive outcry from taxpayers: "NO! DO NOT PASS THIS BILL! DO NOT PASS TARP!!!"
Congress quickly ignored taxpayers, bowed to their Wall Street masters, and passed TARP.
As soon as the crooks got away with TARP, they were off to the races with countless rescue bills, laws, executive orders, packages, stimuli, QE, and so forth for the world, their own pockets, and the pockets of their wealthiest enablers!
Today, we're over two years into a deteriorating era of post-capitalism in America. People do not have the wherewithal or collective unity to take resistive actions such as withdrawing their money from the banks. We witnessed the futility of such attempts last week in France and other countries.
Only sporadic violence occurs in opposition to the severe austerity tactics across Europe. Such outbursts make the news for a day or so and then disappear. Meanwhile, equities surge on in the artificial "recovery"; one literally contrived at gunpoint! -nfg-
Next, I expect the bastards to clamp down on the people who hold physical precious metals, as QE and other artificial measures are found to be futile. -ng- |
