That's the American People pictured above, a run over "Muppet". Some may remember this http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=all&_r=0, while most of us don't bank or do business with Goldman Sachs, they still have an impact on you. This is especially true if you have a 401k, invest/trade on your own (or pay someone to do it for you), or stash your gold and/or silver in your bunker.
Well, I guess if you're going to sell out for your own self-interest, do it big. That's what former NH Senator Judd Gregg did. After sucking up to the banks, and selling out The American People in favor of bailing out Wall Street, Gregg was handsomely rewarded http://www.goldmansachs.com/media-relations/press-releases/current/judd-gregg.html. Of course, it wouldn't be long before he was rewarded yet again for his loyalty http://www.sifma.org/newsroom/2013/sifma-announces-former-senator-judd-a_-gregg-as-new-ceo-and-appoints-kenneth-e_-bentsen,-jr_-as-president/.
So Gregg went to SIFMA, arguably one of the best Wall Street lobbying firms around, although these guys are not to bad either http://www.fsround.org/fsr/about/default.asp. If you bank with any of those institutions on that member list, remember where your fees go. Meanwhile, credit unions and local banking institutions are under pressure from the extraordinary cost burden from the "Dodd-Frank" travesty, there's a reason why the number of banks are dwindling.
Talking about more "Muppet's" and Goldman, in a world where there's a Rule of Law equal for all, this would be illegal. Goldman advised their clients to sell http://online.wsj.com/article/SB10001424127887324240804578414872583064816.html, yet right after they did, they bought up a 540.66% increase after smashing the price! Apparently fiduciary duties don't matter a whole lot, especially when you can make bank on the other side of the trade, at the behest of your own clientele. Now we have to hear about what a sell it will be from MSM http://www.bloomberg.com/news/2013-10-08/goldman-s-currie-says-gold-is-slam-dunk-sell-after-shutdown.html. I'm pretty sure it isn't going to be Goldman that takes the loss. I have no idea where metals are going, even after CONgress figures everything out, but with continued Fed intervention, it doesn't compute for it to keep going down. Then again, these are not normal times, but I'll hold onto to a few coins just in case.
Which brings me to this. Are we due for a massive correction? Courtesy of J.P. Morgan https://www.jpmorganfunds.com/cm/Satellite?UserFriendlyURL=diguidetomarkets&pagename=jpmfVanityWrapper#top, they put together quite a review. I have no idea what's exactly going to happen, I doubt anyone else does either, but I can speculate it's not going to look to good for most of us when this run ends. The aforementioned shows how badly the Washington "revolving door" benefits those who play and sell us out, yet get paid handsomely for it. I mean, we're all "Muppet's" after all aren't we? Of course, when you're a TBTF bank that can now legally hide losses, and know you're going to get bailed out again, why worry http://www.bloomberg.com/news/2013-09-20/it-s-not-too-early-to-start-worrying-about-banks-again.html? With Obamacare taking over, my guess is the money flows into healthcare/insurance industries, but fear not, Wall Street will still get their blood money too.
"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place."
- Sen. Dick Durbin (D-Ill.)
Realizing that the majority of people can't, don't or won't be involved in this, I just wanted to point out what We The People are up against. Fraud, market rigging, a corrupted justice & legal system, and a renegade rogue group of plutocrats that have ostensibly bought our government. A government now entrenched more than ever in selling The People out for their own gain while they let a powerful few steal everything not nailed down. It eludes me why devout, educated, middle-class Obama supporters can't see this, it was bad before Obama, but he took this fraud upon us to new heights. Will it take a complete crash to get The People to act? Or will The People completely bow down in submission if the powers-that-be win out entirely?
I don't think that's the light we're looking for, I think it's a train coming, and we as a nation are going to crash right into it.
No comments:
Post a Comment