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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (33356)12/13/2010 11:05:32 AM
From: John4 Recommendations  Respond to of 71456
 
Have you ever noticed that when U.S. taxpayers are hurting the most, the banks and oil companies are smiling the most?

For example, in the aftermath of TARP and the countless other global and domestic bailouts, emergency rescue packages, and stimuli, the check was thrown into the hands of U.S. taxpayers who are suffering through 17 percent unemployment and thinly-veiled austerity! Now, this is the news we see:

Wall Street Sees Record Revenue in Recovery From Bailout

bloomberg.com

As a taxpayer, where is my cut of that, which I was forced at gunpoint to pay for?!?!?!

Likewise, when gasoline approached five clownbucks per gallon a couple of years ago, this was the news:

Exxon Mobil: Biggest profit in history

money.cnn.com

Shell and BP followed suit with similar record profits.

Lee Raymond's celebratory fat-cat picture was plastered all over the news for several days:



BTW, that's not a knock against Lee Raymond. I honestly don't care if his profit was ten times what was reported or if he received an executive bonus that dwarfed Bill Gates' net worth.

The travesty that is appalling to me is the government's fascist intercedence in corporate problems. They forcibly involve taxpayers in their backroom solutions despite overwhelming public opposition!

The point is that if Wall Street has record profits, great! I'm happy for them. If Wall Street is on the brink of collapse, too bad! Let the underlying banks and corporations fail! It's not my concern.

Do NOT include taxpayers in the profit celebrations or the corporate funerals! As an investor, I will receive my just exposure to what transpires on Wall Street. As a taxpayer, I should not be involved in any way, shape, or form!!! -ng-

Moral of the story:

17 percent unemployment and thinly-veiled austerity imposed on taxpayers = record Wall Street profits

5 dollar per gallon gasoline for taxpayers = record oil oligopoly profits