Quote:
Originally Posted by RubyTuesday
We have a system of slavery. The bankers and the Federal Reserve are our masters in this dimension. I like the "vibe" Obama brought but if he is going to DO something then ending the Fed should be the first on his list.  |
exactly
Also, Obama's economic policies are aimed at trying to reinflate our phoney bubble economy that is based upon foreign debt. As we know, it is going to be disasterous. He is trying to stimulate more spending and more loan making and he supports the bailouts and stimulus packages. This is comparable to another shot of heroin for the drug addict - it will help temorarily while the inevitable crash will be much worse.
The bailout in a nutshell - All American loan takers are now broke and are unable to repay trillions of dollars that they have borrowed from overseas because they have blown it all on consumption and therefore Fannie and Freddie are going bankrupt. The bailout has refilled the banks with cash again so that customers can continue to take out loans. This does not change the fact that millions of Americans are still bankrupt and cannot pay their bills. So, more individuals are going to continue to take out loans from Fannie and Freddie and America is simply going deeper into debt.