Glad to see you are all dropping in for a review on current events as they pertain to the financial systems and economics. Things are changing, folks. And they are changing fast. This is not a good time to be insecure with your finances. It is, however, a very good time to take advantage of what the government has to provide for support measures since they have been so gracious with bailing out the major banks in our country, and foreign countries as well. With the money earned from taxpayers within our country? Come on, I mean give me a break. Wages are tanking, people continue to lose jobs so that corporate America can continue to report positive earnings. That???¦??s right. Industries are trimming back on labor to make their balance sheets look good. Isn???¦??t that is what it is all about, America? To think that all of us were put to work to support other countries is absolutely absurd. However, the data is all published right here:
When you get a chance take a look at how ???¦?viral???¦? the movement to battle Wall Street has gone (Occupy Wall Street [OWS]). The people are getting really mad at the financial community and the banks. Particularly since the banks appear to be getting ???¦?preferred treatment???¦? over those who have paid taxes to bail out the bankers from their financial woes. What???¦??s up with that? The people deposit their money in the banks. The banks are doing very little to support the growth of the economy. They don???¦??t lend any money they received to small businesses, and that???¦??s why our economy is under total failure right now.
From my observation, the government we are presently living under is supporting the banks. The money for bailouts that was provided to the banks should have been provided to the people who deposit their funds in those institutions that are supposed to handle deposited capital. In the noted manner, people can pay their debts . . . the capital goes to the banks (deposits) and individuals don???¦??t lose their homes due to foreclosures. I???¦??m sure everyone who reads this column understands the logic. Since the bankers are the ones that finance the campaigns for the politicians, they get the bailout money from the people (via the government). If it didn???¦??t work that way, anyone working against the banks would and will get ostracized and reduced to tar and feathers. The perfect example is John F. Kennedy. He moved to have the dollar put on a ???¦?silver???¦? standard and one week later he was assassinated. That event took place in November of 1963.
If the dollar were on a silver standard right now, purchasing power of that fiat currency would be much higher and Ben Bernanke and Timothy Geithner wouldn???¦??t be able to print more dollars without approval from congress. The modern day system is not working. The system would work if the appropriate people with the right moral and ethical standards were in office. That, however, is not the case at the present moment in time.
Right now, we???¦??ll take time for a music break. As is usual for this column make sure you go and get yourself a beverage of your choice. Hot chocolate is a good choice, as is tea or coffee. It depends on what you like. Listen to the following song while you go and get fixed up for the rest of the article ~
More Than a Feeling ~ Boston
Well, that???¦??s one way to begin a column on the present market conditions. It would be a good idea if all of you would take a glance at what is happening throughout the world. This might be a good time for bankers to start sweating a little bit. Particularly those that are in the mortgage industry and those that are screwing over students in academic environments with excessive fees on loans and charging ridiculous fees for books and supplies to get them through college. And these days, there are no guarantees students are going to find a job. Then students default on their loans (which they wouldn???¦??t have had to take out if there were reasonable jobs available) and their credit rating falls. That makes a good deal of sense, doesn???¦??t it? It???¦??s even been rumored that when some students default on their loans, the institution they went to won???¦??t deliver their transcripts. That???¦??s great, that???¦??s just great. A kid puts him or herself through college and after graduation can???¦??t find a job. Then they can???¦??t make a payment on their student loan obligations because they don???¦??t have an income.
Time for another ???¦?moment to chill???¦? ~ let???¦??s hear another ???¦?blast from the past???¦? as we ease out of this article. It will be worth your time to relax just a little bit.
Sister Golden Hair ~ America
We???¦??re all moving into a very substantial period in time. Review the following articles (and a video) when you get a moment:
For now, let the warning be set clear. Times will not be getting better anytime soon. You can, however, take action against the criminality coming from the banks and the United States government. It???¦??s called, ???¦?fraud???¦?. If you take action and send your opposition letters to your state representatives and Senators, at least you will have done something to curtail the madness that is presently taking place. Those that don???¦??t take action will most certainly see:
1: Rises in interest rates and expenses for education
2: Rises in food costs and energy costs (fuel, electricity, etc.)
3: More control from the government over personal matters. That would be your right to speak, to petition, and bear arms for personal defense. In other words, under the current fascist administration all of those rights will be lost.
4: Rises in crime, suicides and homicides
5: Continued elevations in the cost of advanced education
Let???¦??s listen to a message that was put across quite well from a movie of the past ~
There is no tomorrow ~ Rocky
Now with crime and riots expected to come to America as predicted by some respected reporters http://etfdailynews.com/2012/05/02/jim-rogers-warning-riots-coming-to-america-gld-slv-tza-agq-sds/ we are going to see some madness as never seen since the 1960???¦??s. More information on future expectations of the economy can be found right here ~ http://321gold.com/.
Be prepared. This is not going to be a smooth flowing year for a great many people. Remember to look to 321gold.com, the Drudge Report, Max Keiser and Stacy Herbert???¦??s reports along with Karl Denninger (The Market Ticker) for updates during the week. There are other great reporters on each of those threads. Zerohedge.com is also another good point of reference. They are all listed right here:
For now, we???¦??ll end on this note ~
Mike and the Mechanics ~ In The Living Years
Until next week stay frugal, stay prudent, and stay wise. For indeed, there is no tomorrow.
Graduate from Utah State, Penn State and UC Irvine Universities