Geithner takes victory lap, claims financial system "much stronger" vs. before crisis

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Subject:	Re: Geithner takes victory lap, claims financial system "much stronger" vs. before crisis
Date:	Thu, 24 Feb 2011 17:17:41 -0800
From:	Jas Jain

Jas: "The GAME would come to an end lot sooner that the Crooks and the dopes imagine."

 

AS: "I don't know.  What's going to force change?  It's hard to believe just how much corruption and thievery the majority are willing to tolerate.  You'd think the lack of a fair and CONstitutional response to the financial crisis would have led to massive protests.    The American people really are brainwashed. Seriously,  now that we've bailed out all the fraudsters and rich people we're suddenly supposed to start "worrying" about the deficit?   We can "afford" to bailout trillions in fraudulent and usurious credit but we can't "afford" social security?   What's even more mind boggling is that social security has been pre-funded with $2.5 trillion dollars to account for the wave of retiring baby boomers. If TPTB protect the purchasing power of the creditors (fraudulent credit no less), then they've got to squeeze it out of the wage earner.   Maybe that eventually wakes people up.    Who can say for sure?"

 

What's going to force the change? The exponential cost of keeping the GAME going. What were evildoer GW Bush's estimates of the future deficits? What were the actual deficits? When evildoer Obama took office, the economy had already been in recession for 14 months and the financial crisis was behind, thanks to the bailouts. What was his estimate of the deficit in 2012? $571B! What was his estimate a year ago and what is his estimate now and what would be his estimate a year from now? The cost of keeping the economy growing at an average rate of 2-3% a year is now 10% of the GDP. Two years from now it might be 12%. The gambler is playing a losing game with his cumulative losses rising exponentially. Such games always come to an abrupt end. Also, the only real winners seem to be the Crooks. After the election of 2010, evildoer Obama is sucking up to the Crooks and he would now focus on keeping the Crooks happy. A recipe for disaster.

Europeans are dealing with the debt problems and Amerika, controlled by a cabal that believes in pushing more debt, is making the problem worse because that is how it makes more money now and keeps its hold on power. Evildoers Bernanke and Obama have short-term orientation and they keep making the future prospects lot worse. These things always end badly and abruptly. Europeans have lot longer history to learn from than born-and-bred American dopes! American dopes take pride in not learning from the history of other empires and successful nations. They claim to be exceptional. They are no more exceptional than my ass. The mental problem is incurable without the aid of prolonged misery. On a secular, or organic, basis the US economy is already in the Greater Depression. After the artificial boost runs out it would become official.

Jas