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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (7250)	12/10/2007 10:53:59 AM
From: RonMerks	Respond to of 50739

We never learn do we? You were right when you said America's memory was about 10 years long. Farm crisis, S&L bailout, Tech & Internet Bubble, now Housing, Sub-Prime Credit and derivatives. Each time Wall Street got rich, took profits, handed the bag off to the taxpayer and got bailed out. The Fed keeps a put under the markets until 'they' get out and 'we' get the bag and the bill. It's happening here again. It's an election year. They will keep the markets propped up and liquid. The 'insiders' will sell into every rally that 'we' sheeple chase. They will get their money out, then let it crash. We will bail out. Then they will buy it back for pennies. Then the Fed will inflate. They will make billions. Then 'we' will jump back in and chase it. Then they will dump, then another crash, then they buy again for pennies when we toos in the towel, then the Fed relates- again and again and again. Transfer of wealth is correct. It's as plain as day. Will we ever learn? That video is even more important now than it was in the 1990's given all thats happened. I've watched the first half- its very interesting. Like going back to history class and econ 101 again. Watch it! Ron