THOUGHT FOR THE DAY!

"We are entering a new phase in human history -- one in which fewer and fewer workers will be needed to produce the goods and services for the global population."-- Jeremy Rifkin, economist

 

SO, JUST WHAT ARE THEY GOING TO DO WITH THAT TRILLION?

Here is the Cliff Notes version of the economic disaster.

1. The banks and investment houses made up a bunch of products and sank their investors' money into them.

2. The banks and investment houses couldn't convince you to buy those products.

3. The banks and investment houses got the government to FORCE you to buy those products.

Any questions?

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Comments

THAT TRILLION?

poorrichard

It seems like a nice time to start a Really Big War. That war will shield the American population from the bad news of all these financial disasters, that they don't want to hear about.

Yep.. That's what we need is a really , really big war to get everybody to forget that they are being swindled by "our politicians" and the Fed.

That will work.. The dumb public will forget all about the derivative's forthcoming quadrillion dollar bailout, coming out of their paychecks... Only one third of American corporations pay any income taxes. So the money will come out of people's wages. A thousand trillion dollars sounds like real money. The derivatives have started to unravel, that's what all these bailouts are about.

Inflation is the way out for the Fed.. A ton of hundred dollar bills for a cigarette anyone?.

The wheels have fallen off the wagon, just as it went over the cliff.

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