London Banker: "The market has failed, and officialdom is perpetuating that failure."
By Mike Whitney
It is now clear to me that policy makers in the West are determined to apply every available resource to underpinning failure, misallocation and executive excess. As
this discourages the honest saver from parting with cash, policy makers are ensuring
that deflation will wreak its havoc on the financial and real economies of the world.
And I keep thinking that somehow, Bernie Madoff is part of the script. "Are there other Bernie Madoffs out there?" asked an NPR reporter, money-in-mattress jokes are in the air, and soon it will be, "please sir, whatever system you want to impose is okay by me."
The "arrows in the quiver" of the Fed are sparse as they work 'so hard' to put a bottom to the catastrophe. The foxes guard the hen house they raided themselves and corporations do their part by laying off thousands of workers at a pop.
Makes me want to send Bush a pair of musty shoes as they pry his knarly fingers from the White House doorjamb - his mission accomplished, the agenda followed to a T...the undermining and bankrupting of America.
Here's the very first post here at Stars Over Washington from Oct 16, 2005, titled, 'George W. Bush July 6, 1946' with Adriano Carelli's description of Bush's Ascendant degree '8Leo' added: the burning bush, which may make more sense now that the Bush jig is almost up.