I know but I won’t tell you. Just joking, you know, I know, most of us, that are innocent victims of the current crises, know who’s at fault. Not you and I, not the little people, but the ones in charge of our money and the ones in power. Don’t think for a moment that it is only the greedy banks that have created the problem. It’s yet another lie. Banks only did what they were told to do – loaned money. Now, the rules about lending it’s politicians business and they’ve been relaxed or let’s say non-existent. Anyone could get a loan. An unemployed or a high school student. Anyone… no deposits, no repayments of capital… refinancing old lkonas with ne loans… paying off old credit card debts with new cards… I don’t know all of it and I don’t want to. It’s scary. It’s disgusting. It’s greed…Why did it happen? Simple: spendings are good for business and money makes the world go round… round… round… until it gets dizzy one day and falls. Now we are in that stage, a free fall, although the politicians are trying to hold the falling economy by the leg. “I told you to stop falling,” proclaimed Bush, and wasn’t he surprised that the unruly economy wouldn’t listen. “Do something Bernanke,” he demands but Bernanke himself is part of the problem. He’s one of the guys, remember, who contributed to the credit crunch by allowing banks to lend more and more and more and… And they want him to save the world by lending even more money? Isn’t it what created the crisis in the first place. Stop the money printing presses, now! What’s the point of churning out more worthless paper. Increase the interest! Where do all those billions and trillions come out? Soon we will run out of zeroes… The housing is the main culprit and a good question is why were the prices of housing allowed to go through the roof? It’s our politicians doing, of course. You exclude houses from inflation and sim-sala-bim you have no inflation even if the prices of houses go up by 100 percent. Of course, you have to be either blind or dumb or both not to understand that not including the houses in the inflations statistics won’t change the inflation level. We can pretend that John doesn’t drink again, but will it change the fact that he is drunk all day long? It won’t? Well it’s exactly what happened. As the prices of houses went crazy, so went the inflation, except that it was a no-no to mention. Our politicians preferred the emu-strategy, let’s hid the head in the sand and pretend. Well, all was fine for a long while, but one day the money had to come forward and the day you can’t pay your employees and suppliers is the day when you go bankrupt. Welcome, Lehman Brothers and Sisters. So here we are, the emperor is naked and what do we do now? Simple, let’s lend more and keep up the house prices giving economy a CPR. I like that, it will help, for a while. But when the markets one day collapse for good, they will collapse for real. You remember the Germans after the first world war? I’m sure you don’t. They called it super inflation, you needed a wheelbarrow to transport your hard-earned cash to the nearest shop top buy a loaf of bread. It we continue on the way where we offer unlimited loans to low or no interest, be prepared for inflation like that. Buy a wheelbarrow already today when it’s still affordable. Like all of us, I am hoping, and hoping for a change and maybe the markets will stabilize, even go up for a while… but what will happen next… I don’t want to spoil your meal.
By the way, beware of the communist in diguise in the White House, he is nationalizing the banks for Xs sake. America, the land of the free, wake up and protest!
Article courtesy of “The Universal Court of Love,” askaande.atspace.com