05-26-2011, 01:10 AM
The top 5 banks control 70% of deposits! Financial reform is a joke! Big became bigger! No secret but the Banks have more arrogant since they control Congress. America is under Financial Oligarchy which every one is aware but the public keep voting GOP who are shills for Banksters!
We are heading for a crisis worse than 2008, the question remains when and NOT if!
I had the same pre monition from 2005 thru 2007 during the housing bubble about the excess leverage and fraud in FIRE Economy.I was prepared for 2008 but what didn't lose in 2008, i lost during 2009 and 2010 due to aggressive interference of the Govt into 'free market' to save the Banksters at a significant cost to rest of Society.
Now i am ready for the next one, thanks to options and inverse Etfs! But it will be 'very tricky' b/c Govt is owned by the same criminals who will try and try the 'same' but results will be different, this time. Majority in 401k and other pension funds will lose again. They may even legislate and force every one to invest their pension funds in Treasuries! QE3 will be here, soon!
Just like in 2008, most don't know how to react to BEAR market especially it is the kind in 70s- death by 1000 cuts!
We are heading for a crisis worse than 2008, the question remains when and NOT if!
I had the same pre monition from 2005 thru 2007 during the housing bubble about the excess leverage and fraud in FIRE Economy.I was prepared for 2008 but what didn't lose in 2008, i lost during 2009 and 2010 due to aggressive interference of the Govt into 'free market' to save the Banksters at a significant cost to rest of Society.
Now i am ready for the next one, thanks to options and inverse Etfs! But it will be 'very tricky' b/c Govt is owned by the same criminals who will try and try the 'same' but results will be different, this time. Majority in 401k and other pension funds will lose again. They may even legislate and force every one to invest their pension funds in Treasuries! QE3 will be here, soon!
Just like in 2008, most don't know how to react to BEAR market especially it is the kind in 70s- death by 1000 cuts!