by defio70 on Tue Jun 29, 2010 10:53 am
...I have warned for over two years that these BS games played by the various governments and central banks WOULD NOT WORK and in fact CANNOT, mathematically, work.
We had to force these institutions to go under two years ago. We had to force them to fail back in March of 2009, rather than legalize accounting fraud. President Obama had the opportunity to take the medicine and accept it, but in the process of doing so clean the system and ensure it's survival.
But doing so meant JAILING the "captains of industry" that had created this mess (including Bernanke and Gethner), repudiating the "pension promises" that cannot be kept for those public-sector union crooners including police, firefighters and teachers, and telling the neo-Keynesians like Larry Summers (who incidentally took a damn good run at bankrupting HARVARD!) to get stuffed.
Now we pay for the hubris of people like BEN BERNANKE, HANK PAULSON, TIM GEITHNER, PRESIDENT OBAMA, SARKOZY and the CEOs and boards of major national and international banks that have goaded and prodded the respective governments into attempting to protect them from the consequences of their own greed and stupidity while literally robbing the public, municipalities and states BLIND.
Our refusal to FORCE Congress and the Administration to JAIL the lawbreakers and BANKRUPT their firms has DOUBLED the economic damage that must now be absorbed to clear the system.
IF WE DO NOT STOP THIS BS SOON THE COLLAPSE WILL COME **HERE**.
http://tinyurl.com/2eute9a