Stocks up? Based on what? Economy “recovering?”

Unemployment is rapidly increasing and we’re running 600,000 per month increases, foreclosures are up over 30% national even with all sorts of moratoriums to goose the books, 37 banks have failed so far this year and hundreds more are likely to fail, car sales are down 40% to 50%, credit card interest rates have soared to 20% to 35% for most people, businesses are failing at record rates and “For Lease” signs are everywhere, the danger of inflation is the highest it has been since last summer, most people have no trust or confidence at all in the government, over one third of the states are deeply in the red to the tune of billions or tens of billions with no way out and many are raising taxes substantially, imports and exports are drying up with plunges of 20% to 50%, savers are getting literally zero on most savings accounts and a maximum of around 1%…and on and on and on.

Meanwhile the Federal Reserve and Treasury are completely bankrupting the country and the national debt has passed $11 trillion and is expected to grow by $2 trillion this year alone. Yet the Federal Reserve, Treasury, and Congress keep giddily announcing one trillion dollar spending plan after another and the only effect is to further enrich the greedy corrrupt banksters who caused the whole finance debacle in the first place.

Uh, huh. I see we really are moving in the right direction - NOT.

Related Posts:

• The only “glimmer of hope” I see is one bank announced record profit.
• No Bailouts. Get to the root of the problem, the FED.
• Bankers love debt: The more debt, the more interest they collect.
• Government to guarantee payment on every mortgage
• It’s difficult to have optimism when the U.S. is piling on insurmountable debt.

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