Important Economic and Political Sequence to Keep In Mind

With the markets now officially in a bear market, Jas Jain is predicting this is just the start of something much worse.

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-------- Original Message --------

Subject:	The Important Economic and Political Sequence to Keep In Mind
Date:	Fri, 5 Sep 2008 06:01:19 -0700
From:	Jas Jain

The following is what I sent out couple of months ago:

<<US Recession -- > Commodities Bust -- > Depression -- > Deflation -- > Greater Depression.

I want to disabuse American faithful of any thought that the Fed can prevent the above scenario. Beyond helping Bankrupters and Fraudsters the Fed is impotent. “The US taxpayers are the losers of last resort”!>>

To this I can add:

Global recession -- > Global Depression -- > Govt failures in many countries, including India -- > Collapse of the current US political system (approx. in 20 years).

All this because of the abuse of debt as never before in history. None of the above would have to happen if America was not controlled by the worst financial criminal gang in all of history.

Jas

Hope Jas Jain is wrong. Sadly, he is more right than I thought, especially about the crooks who did it all for fees and high salaries rather than the health of the companies there were entrusted to run.

I think we could change the law that NO company stock options or shares can be sold by insiders until after they leave the companies they work at. Then set it so those shares vest over 10 years so they have incentive to build companies with LASTING business models.

This would work not only for the tech companies where the abuse is ongoing, but at the financial companies too. I believe the owners at World Savings sold that company to Wachovia Bank knowing they sold a ton of loans to Californians who would be unable to pay them back. I also think the guys running Fannie Mae and Freddie Mac knew they were backing loans with all sorts of problems, but they were drawing huge salaries from profits to look the other way. If they were paid a "reasonable" salary then given stock for the rest that they could ONLY sell after they were gone over a 10 year vesting period, you KNOW they would have made sure the loans they bought were made to people who had the ability to pay them back.

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