|
Fixing what isn't broken is a favorite pastime of our leaders in Washington and Wall Street,
and it seems to be the same kind of fun for those across the ocean in Europe. The other day, German politicians as part of their "reform" of the financial system, instituted a partial ban on short selling. Short selling is when an investor bets a stock will go down instead of up. Why is
that bad you might ask? It isn't, as there needs to be both buyers and sellers of stocks all
the time . It is how a market works. Now what gets politicians mad is that when there are more people betting against a stock it makes the price go down, and therefore reflect badly on their (the politicians') economic policy. So the logic goes that why not just ban betting in a way that makes the leaders look bad? Well, this will, in the end backfire, by distorting the price of stocks to look better than they are and thus cause a bubble followed by a crash. What a bunch of morons politicians are, but they are dangerous morons because they are in charge.
Here in America, not to be outdone, the Congress is rushing to "reform" the financial system
even as they miss the damage that they themselves have wrought. We live in interesting times
and when the history of this period is written it is going to seem unbelievable to future historians that we could have been so dense. They will wonder how the leaders bamboozled the public into not noticing that the money wasn't real, which is the real problem brewing that is going to sink the entire economy as we know it. While our collection of 500 Neros in Congress fiddle around with things like regulating markets they don't even understand and passing huge new spending for things like healthcare that they don't understand either, our Rome is burning in flames as our money, the very glue of society, is every day being rendered more and more worthless by the printing of trillions of dollars and Euros of nothing but paper. Get this if you get
nothing else, OUR ENTIRE ECONOMY IS NOW BASED WORLDWIDE ON PAPER "MONEY" WITH NOTHING AT ALL BEHIND IT. THIS HAS NEVER HAPPENED BEFORE GLOBALLY IN HISTORY AND IT IS GOING TO LEAD TO THE MOST SERIOUS OF REPERCUSSIONS YOU CAN IMAGINE. WHEN? SOON!!!
Okay, was that loud and clear enough? Don't be fooled by news that is spun by a clueless
media lapping of the words of clueless leaders. Save all you can, buy gold and silver, and
do that as fast and long as you can. It is going to take very little for there to be another
huge crisis. It falls to you to protect yourself! |