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Oct 17, 2008 Wall Street Monsters & Meat (You) Jim Willie CB 321gold …inc …s

TOP DOWN SOLUTION FAVORS THE ELITE

The top-down approach used to date aids the wealthy bankers, while the homeowners are denied aid. That aid is promised but rarely arrives. The fundamental problem here is that billion$ are devoted to shore up insolvent banks, to redeem their worthless (or nearly worthless) bonds, and to give a giant pass to the executives. Trust has eroded throughout the system. Banks distrust each other’s collateral. The result is that eventually the USEconomy will enter not a recession, not a depression, but a DISINTEGRATION PHASE.

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Written by mrcauser

October 18, 2008 at 7:00 pm

Posted in Uncategorized

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