twitee

Do You Believe Borrowing Leads to Prosperity? (Part 2)

The capitalistic society was designed based on credit. Without credit there is no innovation and growth. Extension of credit is one of the reasons United States has succeeded to rule the world within few hundred years. Through media, the average population is brainwashed to borrow more and work harder to create a materialistic world of their own.

The goal of capitalistic country is to entice everyone to borrow and become the slave to his or her dept.

Credit card companies’ best target is the college students. This is where it all starts. By the time most people graduated from college, they have six credit cards with no income. Then they buy a nice car with the new job. Next is to borrow the mortgage to own a house (so they can stop paying rent) and next is to finance the furniture…..this is the ideal best scenario of the average educated American. This is only the beginning of the sophisticated slavery. An average educated person will become so busy with work and cost of living expenses they would not even know what is going on in their own country, let alone around the world.

In the last decade, these actions were even exenterated by creative mortgage companies and banks to lend out even more to be able to execute their credit default swaps….so that the CEO of the banks get paid 5000 times the average educated employee income…..

Now the FED and Mobsters at the top print even more money to protect the banks and the elite…..Republican or Democratic it does not matter they are all puppets and it is all designed for the corporations by the corporations.

Even with the current collapse of the system, the FED and the mobsters want to continue the same nonsense and fool the world that the Banks are solvent and we could postpone the inevitable for few more years or even decade……

Welcome to land of freedom and opportunity!

Cramer's Stop Trading! Banking on Recovery (5/6/09)

Anyone buying stocks based on Cramer's recommendation must be a fool.

Financial stocks may be a good quick trades based on the coercion and corruption created by the FED and the Puppet Geithner, enjoy it while it lasts.

The existing financial system has to be overhauled and they are insolvent. Refer to my previous comments regarding outstanding CDS.