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

To: John who wrote (38406)	5/18/2011 7:38:49 AM
From: DebtBomb	3 Recommendations Read Replies (1) \| Respond to of 71463

After the 29 crash....wall street went into Depression....and banksters were unemployed. Most of the country saw no impact from the banksters losing on their bad bets. I talked to many who were alive back then, and they saw no change in their lives. The banksters would have you believe that everyone was hurt and we have to prevent that from happening again. bernanke pretends to be an expert on The Great Depression. He claims to know what caused TGD and would never let that happen again. He said he would not be the Federal Reserve chairman to reside over the next Great Depression. Of course we have nothing in common with the time period of the first Great Depression when the US was the largest oil producing nation in the world, largest manufacturer, and the largest creditor nation. But, maybe ben can repair some Model T's. So, here we go again....banksters blew themselves up with wild speculation and bad bets, bubbles, derivatives and 30-50X margin. Like bush stated....wall street got drunk. This time, bernanke decided to save the losers, reward loser banksters with tax payer money. He claimed that the losers were too big to fail, (TBTF). The claim was....if we don't bail out the losers there will be Marshall Law. They are wrong....the losers should have failed....all of them....even GS was bankrupt. The public would have been better off with $33 oil and competent folks could have taken over. Who ever heard of a country that rewards it's losers with EVEN more money and penalizes competent folks and savers with higher taxes, "0" interest rates, devalued currency, and inflation. Nothing has changed and nothing is fixed. The derivatives bomb is still there. The banksters are even BIGGER now. The DEBT BOMB is growing. It's business as usual on wall street. What bernanke did this time was put the Public into Depression. wall street and loser banksters are saved and making more money than ever while typical Americans are starving on food stamps. We have 43 million on food stamps, 22% unemployment, 8.5% inflation, (check shadowstats.com). They have destroyed the middle class to save loser banksters. Cities and states are bankrupt. The nation's infrastructure is failing. They have destroyed our children's and grandchildren's future and left them with massive debt, high oil, inflation, and a future of no hope. About 50% of congress are millionaires....and they can't take a loss either. Nice work ben, congress, and banksters.