Monday, February 07, 2011

What a shame!

I know you think I am referring to Egypt, but I'm not. Although there is much to be thinking about when it comes to the events in Egypt. No, I am talking about the end of the Free Enterprise system by the Fed rigging and inflating the stock market artificially, where there is no connection to the reality of the real economy.

Look around you. See how many businesses have their office spaces For Lease. Look around you and look at the Food banks and the unprecedented demand of the new poor who were once the Middle Class strength of this country. Look at the compromises the President made to allow for tax cuts for the wealthiest 1% of the population causing almost a Trillion dollars of more debt to the mountain of debt which has piled up over the last 30 years since Reagan. Yes, that's right since Reagan, since we are now reminded that yesterday would have been his 100th Birthday.

Yes the stock market is rising and many believe they are wealthier and maybe they are temporarily, but the day of reckoning is ahead of us for no good reason other than the fear of what would happen of the Fed didn't pump up stocks.

What a shame!

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Blogger Vic Cebollero said...

Sobering ... Thank you.

4:10 AM  

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