Britishsteel

Wall Street Breakfast: Must-Know News

Then please spread the word to all you know , we must pound the table on this . The media is bought and paid for. I posted similar in my own words yesterday and seeking alpha removed my post ,censorship is everywhere and running rampant. We live in dark times


On Jan 15 09:01 AM know nothing wrote:

> This is a must watch video!! Great job Britishsteel!! My complements..
>

Wall Street Breakfast: Must-Know News

market-ticker.org/arch...

Wall Street Breakfast: Must-Know News

We The People of the United States have lived through twenty years of monetary fraud, avarice, theft and outright assault. The monetary policies of both The Executive (Treasury) and The Fed have been to blow bubble after bubble, submit fraudulent budgets and borrow without limit, irrespective of ability to pay, and worse, urge Americans to do the same thing!

Then, exploiting these exhortations, the bankers have swooped in and preyed upon the lack of understanding of fundamental mathematics among Americans, selling them unsound loans - "Option ARM" and "Subprime" mortgages, "Rollover" car loans that are instantly upside down by thousands and credit cards with 30% "default" rates triggered if you are one hour late with a payment - on your water bill. They then "securitized" all this debt - debt they knew in advance could not be paid - and sold it off to unsuspecting suckers all over the world who were also duped through the issuance of bogus ratings that were literally "bought and paid for." Every bit of this was and is bogus and yet you have done nothing to put a stop to any of it.

Fully aware of the mathematics of the matter - that if GDP growth is 3% but debt growth is 6% the law of exponents says that eventually the game of musical chairs will end in tears both The Executive and The Fed have desperately tried to blow bubble after bubble, knowing full well that when the last bubble bursts an enormous deflationary credit collapse must and will come crashing down upon the economy just as it did in 1929 and 1873, bankrupting tens of millions of Americans, throwing millions out of their homes and destroying hundreds of thousands of businesses.

THAT DAY HAS NOW ARRIVED AND INSTEAD OF ACCEPTING THEIR JUST PROPORTION OF THE DAMAGE THEY ARE CRAVENLY APPEARING IN FRONT OF CONGRESS AND DEMANDING TO BE SAVED, COMPLETE WITH THEIR LEARJETS, HOMES IN THE HAMPTONS AND YACHTS WHILE EVERYONE ELSE LITERALLY BURNS IN HELL, THREATENING ECONOMIC NUCLEAR WAR IF YOU REFUSE THEIR BIDDING - AND YOU HAVE SAID "YES" INSTEAD OF JAILING THE LOT OF THEM FOR EXTORTION!

The necessary GDP adjustment - a moderate recession - should have been taken in 1987. It was not, and instead a bubble was intentionally blown. We got the Internet Bubble.

exerprts from Karl Denningerhttp://market...