Savoy Signal/Jean-Paul Cassone'
5-9-10:
It is ironic that an administration who has been guilty of illegal “market manipulative practices” itself via the “Plunger Team” (President’s Council of Economic Advisors) is now trying to beat the heather that they will investigate the possibility of “market sabotage” in the most recent market plunge.
The truth of the matter is that “reality has finally come home to roost”. There is a very simple answer as to why the markets are reflecting so much panic; it is because the majority of working and voting members of society are no longer buying into the hype of lying politicians. They are beginning to see things for what they really are and they have become fearful of what inept elected officials they are stuck with in dealing with it. They have become completely disgusted with their leader’s corruption and lack of fortitude to do what needs to be done; America’s Barack Obama being a prime example of this.
Simply put, people are finally seeing things for what they really are. The blatant evidence of this being in the demand for $1,200 an ounce gold surpassing that of the US dollar, or any American government paper in general. Ratcheting this panic up is the August mortgage reset just around the corner, which will total $97 billion, with an average monthly reset for 2010 coming in at roughly $83 billion. “Debt” in general is obviously the theme to the West’s economic demise this time round; something both European and American societies will have to evolve out of over the next 100 years. In the meantime, the current levels of young Americans leaving the country is now between 3 to 4 million a year. However, the US is about to get body slammed with something it has never had to anticipate before; “a golden age flight” of both body and capital. With the average wage of a graduating RN (registered nurse) in the US now reaching the $45 to $90/ hour level (you can imagine what the graduating physicians’ will be asking for), the aging population is starting to make plans to avert getting literally “robbed into death” (health care wise at least) by moving to a more affordable country which will not rob them of both their life’s savings and longevity! You can plan on seeing this new group of disgruntled expatriates to triple that of the younger generation over the next decade!
Wall Street’s current panics and jitters are a manifest of what you get when a society’s leaders are proved to be too cowardice to prosecute the powerfully guilty and too corrupt to deliver on both the promises of a better course and need for positive change and direction in a “results oriented manner”! As I speak Timothy Geithner should be under indictment, along with Ben Bernanke, Hank Paulson, Larry Summers, Chris Dodd and his wife, just for openers. US Federal Marshalls should be storming Goldman Sachs, along with the FBI and the IRS, be charged with conspiracy and the attempted undermining and overthrow of the United States Government, and have its assets frozen until further notice. But if the general population continues to just look the other way, avoid thinking about it, or continue to take what these people say at face value, then you can plan on watching your democracy not so slowly, vanish from in front of your eyes, along with most of your life’s savings! It’s just one of the aspects that coins reality “the real deal”!
