StupidityAndGreed

The End of U.S. Financial Domination

Finally, someone calling it like it is. Unfortunately people still seem to be missing the big picture. The US government (through the Fed) has, over the last 2-3 decades, fabricated the illusion of massive American wealth. By playing on the fundamental greed of the American citizen they lulled them into a sense of complacent disinterest which allowed the government to pursue a reckless and immoral foreign policy that would otherwise have been untenable. Now, as the structure collapses, it is trying to "spin" this whole stinking cancerous system as fundamentally healthy. In a desperate attempt to convince people that the "shit don't stink" they are using every means at their disposal , from bandaid Fed intervention to CNBC media hype (manipulated by spin artists like Hank Paulson and corporate CEOs who have gotten rich on this ponsy scheme). It doesn't matter one bit. The entire US economy is a house of cards and no matter how much it is spun the "intrinsic value" of the US will eventually be reflected in the market, massive deficit and the failures of foreign adventures included.

BTW, this is virtually the same strategy used by Hitler when he lulled the German people to sleep by appearing to build the economy as he consolidated power.

The Worst Is Over ... Again ... And Again ...

BTW when I say the reporters at CNBC are "at risk" I mean that their livelihoods depend on a thriving stock market. They will do anything to keep this game going and have been blatantly biased in downplaying negatives and hyping anything remotely positive.

The Worst Is Over ... Again ... And Again ...

And he didn't even mention Citi's about face after claiming they didn't need capital. As for why attention hasn't been drawn to complete lack of credibility of these investment banks in the mainstream... it's obvious... The whole stock market system has degenerated into nothing more than a media driven shell game. Every one of the "reporters" at CNBC is at risk if the "truth" about the financial system, and hence the economy comes out.