iyamwutiam

What's Another $1.15 Trillion?

Well-in some way -it does allow people to see that the Fed has a;ways been the financier of the US. The irony is incredible really- the 'Fed' is printing up money to bail itself out from MBS /CBOs etc = (the banks Citi/BOA/UBS etc). The Fed in England is doing the same thing (Llyods, etc).

Look for the global trade scenario to change very quickly -where IS dollars are shunned for regional currencies. The Ponzi scheme has been revealed -and the US and Euro land have continue to pretend they are rich.

Look for continued housing price falls -as 'finally' the American public realize that chaining them to debt was an insidious way to rob a hard working population of amenities such as retirement, healthcare, etc.

Look for surreptious taxes -no idling your car, consumptioon taxes (alcohol/cigarretes, a pole tax (strip joints-seriously being discussed in NY). Don't forget municipal and state taxes and of course suspending all rebates and having a lot of working joes -being adited by the IRS -and being asked to fork out a few grand.

Welcome to the beginning of the end. Seems like 2012 by Mayans -may not just be a cultural belief.