Listen... There is a chant rising around the Dollar Desk in the currency pits. "Die, Die, Die..." And it sounds like they mean it. Gold and Silver Bulls put the bears on notice today. They are about to foreclose on their ill advised positions and bring new meaning to "naked shorts".
Over on the NYSE, the sound system was sabotaged and a loop of Na-Na-Na Na, Hey-Hey-Hey, Goodbye...played all afternoon.
There is on essay today that demands everybody's attention. It is part history lesson, and part current events. It should come as no surprise after reading this that JPMorgan is in cahoots with the Federal Reserve. What is a surprise is that there is not an uproar over the events that transpired on St. Patrick's Day. How the US Congress can let this blatant theft of taxpayer money go uncontested escapes me and earns all incumbents a one way ticket out of Washington in November. This is a MUST READ.
THE SECRET BAILOUT OF JPMORGAN:HOW INSIDER TRADING LOOTED BEAR STEARNS AND THE AMERICAN TAXPAYER
Robert Owens, a co-author of the Federal Reserve Act, later testified before Congress that the banking industry had conspired to create a series of financial panics in order to rouse the people to demand “reforms” that served the interests of the financiers. A century later, JPMorgan Chase & Co. (now one of the two largest banks in the United States) may have pulled this ruse off again, again changing the course of history. “Remember Friday March 14, 2008,” wrote Martin Wolf in The Financial Times; “it was the day the dream of global free-market capitalism died.”
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