Internet Anthropologist Think Tank: Obama getting bad economic advise

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    Thursday, January 08, 2009

    Obama getting bad economic advise



    The Government can not pull USA out of a depression.
    Every time the Government has tried to help with a depression
    they have only made it worse.

    Obama's plans are only a bandaid at best.

    The world has a huge mass of bad paper
    that has not been marked to the market.

    And that paper is a ticking time bomb.
    Right now everyone is just trying to
    ignore the 800 Lb Gorrillia in the Kitchen.

    The Banks are not lending, because this
    paper on their books scares them to death.
    They know what they paid for the paper
    But have no idea what it is worth.

    This is the prime/key issue.

    And will have to be addressed.

    And the bad paper the criminal
    Banks and credit card compaines
    still has to come to the front.

    33% to 99% interest rates are
    criminal... for a reason.

    Intrest rates that high cripple the
    economy, and this still has not come home to roost
    yet.

    Banks and Credit card companies have been running
    a criminal syndicate
    OK'ed by Congressional Whores.
    Designed and built by lobbyests.

    Why isn't Madoff in Jail?
    Symptom of whats wrong with Gov. over sight.
    $50,000,000,000.00 theft.
    WHAT DOES AN INSIDER HAVE TO DO TO GET JAIL TIME.
    No wonder the banks are running wild criminal syndicates.

    There is a reason for the The Glass-Steagall Act of 1933.
    Keep banks out of investments. 
    Sometimes I think the bankers nature precludes them 
    from dealing in investments without reckless speculation
    and criminal activity. Usury, fraudlent sub-prime paper,

    Its time to kick the foxes out of the chicken coop.

    Gerald
    Series 7 & 13

    .

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