The Bear is Alive and Doing Well.

The latest Philly Fed report had much to say about the cracks in the economy and with unemployment still engaged in a upward trend coupled with a an upcoming week of uncertainty the stage is set for:

The Bernanke FED appointment, more of Odrama’s populist bank smashing wind puffing, and then of course the lingering babble of Barney Franks in his insistence on the possible dismantling of Fannie/Freddie. Can anyone say Puff the Magic Dragon.

As most can see, the administration and its power brokering puppets including B. Frank, C. Dodd, N. Pelosi, H. Reid, C. Schumer, B. Boxer, C. Rangle, Dummer or Dumber and of course that arrogant turncoat A. Spector are all getting the message sent to them by the Great State and People of Massachusetts.

The message sent of course, is that Americans are wising up and will not let you proceed with your incompetence and mis managed policy built on corruption and a perilous economic foundation any longer.

Moreover, your political vision is apparently founded in poor economic leadership but of more resultant impact your policies have been instrumental in the destruction of the middle class of this country and Americans have had enough of you all.

As far as, Mr Bernanke or the change of the guard at Buckinham palace, lets just say that your predecessor, Mr Greenspan (who supports Bernanke) will get a huge historical vote of NO Confidence after failing the American public by allowing the expansion of credit used for financing home ownership to the un-qualified. Of course, The FED has a smokescreen which is a general escape goat known to us all as the US Congress and the past 50 years of leadership as they were only acting as an instrument of the elected leaders - how convenient as you lined your pockets.

Yet even today, this administration, seems to expect the American public to just say OK to this current economic decline. Certainly, in the context of accountability shouldn’t American citizens just accept the incompetent political leadership of this country and its 50 years of damaging policies and failed agendas.

Well to bad and Sorry - as our leaders you will be held accountable to the citizens of this Nation - as it appears the great citizens of Massachusetts have demonstrated. That’s right boys and girls of Congress it is not OK with us.

So, there you have it and here we go headed into this weeks uncertainty…….

which will probably lead to more rhetoric about how the American people are the recipients of your failed political experiment and also get the privilege of holding the bag for all the “To Big To Fail”, bailouts.

Correspondingly, they will get to watch more of the same results, as your former and present actions continue to destroy their personal property value, and the value of their 401k’s and IRA’s while Washington spouts more gibberish about creating the all new green job economy and arrogantly licks their wounds over the newest failed health care socialist hijacking.

Consequently and as expected, the economic ripples in the marketplace pond have not subsided as the current financial landscape now requires that current FED policy expand credit further as insisted by the the current leadership to replace the resultant lowered tax receipts of small business under the workings of a socially engineered crippled economy. Way to go. I would call this type of leadership a complete and utter tragedy.

That’s right, the Nation gets to pay for more printed money to shore up Uncle Sam while it tries to contain the collateral damage from its failed (socialist) housing experiment and deal with the middle class consumerism back lash and recovery which will last for decades to come due to the destruction of the middle class asset base. Subsequently, the experiment is still in a state of percussive flux and like a man with a quadruple bypass there is an increasing chance that the patient may ultimately succumb to the disease.

The losers of course are and will be the economically damaged middle class (back bone of the country) and the overall liberties afforded all Americans as the nation comes under the attack of and cry for more socialism (Big Government) for the new poor or the former middle class.

Meanwhile the winners are the rich bankers (The FED) and Wall Street or dare I say, the “To Big to Fail”, crowd as they continue to march on with global expansion and profits that produce wild bonuses to their respective executive leadership at the expense of all main street Americans who somehow have not been invited to the party but get left with paying the tab.

This de-coupling of Wall Street and main street is most disturbing and smacks of massive corruption in the eyes of the middle class. Unfortunately, it is alarmingly apparent that the door to the hen house (Congress) has not only been left open (Keys given to the FED, 1913 by Congress)) but the door has been now apparently and completely been torn away from its hinges or in short Congress has no idea how to re-hang the hen house door.

I submit the political leaders of this country coupled with the mechanism of un checked funding (THE FED) have stolen the futures of our Nation an its young benefactors, our children and grandchildren.

I say - Wake Up America - and get out of your chair and keep your eye on the ball. Demand accountability, and question everything, do not let your guard down ever.

Make your voices heard at the polls, in the streets both federally, state and at local levels.

Bearish to the MAX - especially this week - Incidentally - my current campaign of shorting this market through an accumulation or ramped strategy (which started back in the late spring of 2008) is now currently approaching a Break Even Point. I will look to take a 15 - 20% gain and re-set the ramp.

- yabees

Related Posts:

• We will never know the truth about GoldmanSach and AIG, since King Bernanke is being protected by Obama.
• Could siphon off as much as 10%
• “Fannie, Freddie, Banks and Government Debt” - Part 2 (The Market Ticker)
• “The government saved us”? The opposite is true.
• Ron Paul is a patriot and a hero. The people need to rise up and revolt..take back this country and teach the Banksters and Politicians a lesson for the history books.

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