Thomas Jefferson saw it coming 150 years ago.
By Daniel at 29 July, 2009, 9:42 am
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Thomas Jefferson said, “If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Jefferson saw it coming 150 years ago. The question is can you now see what is in store for us if we allow the FED, Mega banks to continue controlling our country? We have lost our freedom to the private banks that create money out of thin air and enslave the common man to a life of debt.
Government-run “businesses” can operate at a loss indefinitely because their losses will always be subsidized by taxpayers held at gunpoint. What private business, which actually has to break even just to continue operating, stands a chance of competing with that? Extortion is illegal, unless the government is doing it! Current policy prevents the structural imbalances underlying our economy from being corrected, U.S. unemployment will continue to rise. Combined with higher interest rates and rising consumer prices.
Consider this:
* From early September 1929 to mid-November, the Dow lost almost 50% of its value.
* Then, though, the market rebounded over the next five months until mid-April 1930, as the Dow jumped over 50% and recovered more than half of its previous losses.
* Only then did the worst of the fall begin, as the Dow plunged an astounding 85% before bottoming in 1932.
Now compare that to the situation we’ve faced lately:
* From late 2007 to March 2009, the S&P lost about 58% of its value.
* Since the March lows, though, the market has rebounded, and the S&P has jumped 47% and recovered about a third of its losses.
Suckers rally, get out while your still up. GS is calling the shots on this one and we won’t see anything until they steal every last dime from the average investor!
ImpendingDoom
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