How strong is the US economy?
How strong is the US economy?
It feels like its limping a little lately.
But look whats its been through.
The worlds biggest investment swindle ,
Wall St Banks sub-prime paper scam,
caused damages in the Trillions,
US had to bail the Wall Street Banks
out of their swindle to the tune of
3 times the cost of a health program
FOR ALL AMERICANS.
Banks got $3 trillion, in one year.
Health care for all Americans $800 million
over 10 years.
The Wall St Banks caused the collapse of
the housing market loosing 10 to 20 % of
Americans their homes, and caused
unemployment rates of 8 to 10%.
The US was running TWO wars,
Iraq and one in Afpak.
I'd say the US economy got hit pretty
hard on many fronts, major economic
strains and it held up.
Baring more criminal fraud by the Wall
St Banks, it looks like its healing slowly.
It took very hard hammer blows that would
have crushed any other economy, and is
growing its way out, I'd say its the strongest
economy in the world still.
The US certainly hasn't learned its lesson
regarding the Wall St Banks, and US will
get blindsided again by them.
This time it will be a stock market crash which
will be untraceable, AGAIN.
The Wall St banks know no bounds of Greed.
They came close to bringing down the worlds
banking system and nothing has changed.
They got away with it.
As long as they make a good profit they would
have no compunction about crashing the worlds
stock markets either.
US will be hit by another major debacle.
Date unknown.
Wall St Banks were rewarded for nearly
bringing down the World Banking System.
The US economy is a Giant of strength.
However Congress is without any intestinal fortitude ( Guts )
and have been bought by the Wall St Banks.
And it's the SHAME of every American.
Americans will be speaking very bluntly in the elections.
Gerald
Internet Anthropologist
Series 3 and 7
Gerald on the floor of the NYSE
.
.
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home