[wolfram&hart12345]

http://www.marketwat...able-2009-10-20

Telltales signs of things that are currently happening or will happen.

Quote

Here are the Top 20 reasons American capitalism has lost its soul:

1. Collapse is now inevitable
2. Nobody's planning for a 'Black Swan'
3. Wall Street sacked Washington
4. When greed was legalized
5. Triggering the end of our 'life cycle'

15 more clues capitalism lost its soul ... is a disaster waiting to happen

Much more evidence litters the battlefield:

1. Wall Street wealth now calls the shots in Congress, the White House
2. America's top 1% own more than 90% of America's wealth
3. The average worker's income has declined in three decades while CEO compensation exploded over ten times
4. The Fed is now the 'fourth branch of government' operating autonomously, secretly printing money at will
5. Since Goldman and Morgan became bank holding companies, all banks are back gambling with taxpayer bailout money plus retail customer deposits
6. Bill Gross warns of a "new normal" with slow growth, low earnings and stock prices
7. While the White House's chief economist retorts with hype of a recovery unimpeded by the "new normal"
8. Wall Street's high-frequency junkies make billions trading zombie stocks like AIG, FNMA, FMAC that have no fundamental value beyond a Treasury guarantee
9. 401(k)s have lost 26.7% of their value in the past decade
10. Oil and energy costs will skyrocket
11. Foreign nations and sovereign funds have started dumping dollars, signaling the end of the dollar as the world's reserve currency
12. In two years federal debt exploded from $11.2 to $23.7 trillion
13. New financial reforms will do little to prevent the next meltdown
14. The "forever war" between Western and Islamic fundamentalists will widen
15. As will environmental threats and unfunded entitlements

To read more:
http://www.marketwat...able-2009-10-20

[acidhead]

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4. The Fed is now the 'fourth branch of government' operating autonomously, secretly printing money at will

#4. IS and WAS the only viable and logical reason free-market capitalism has 'lost its soul'.

The politically-correct crowd always try to convince everyone that it was created to prevent economic crisis.

-these people always fail to mention that the Fed's private practice of money creation backed by nothing was a perfect solution to the gold standard without considering the cause and effects the Fed created.

Be prepared in the near future for the end-to-the-Fed.

The White House and MSM will have a fire storm over its failures to provide a secure and safe protection for the dollar and the USA and global financial institutions.

Ron Paul followers will declare victory... but will wonder why Ron Paul isn't declaring victory or happy.

The reason:

The solution for the failed Federal Reserve to protect the dollar from crumbling will be a newer, larger central banking, Global financial monetary institution.

---the U.N. backed IMF and World Bank.

This post has been edited by acidhead: 07 November 2009 - 07:55 PM

[acidhead]

The Fed is the largest ponzi scheme ever.

Its failures exposed the madoff's and jone's but these players are just symptoms of bad monetary policy.

The Fed's uncontrollable persuasion to create dollars backed by nothing has destroyed the value of the dollar through inflation.

Inflation is just another term for taxation without representation.

The Copenhagen Treaty outlines a Global government, full of regulations(taxation) and a global military force to enforce the new laws.... all set to be functioning by 2012.

The Fed is sure to fail under the crumbling dollar.

When the dollar crumbles a new idea... comparable to a 'new Bretton Woods' agreement will emerge from our 'honest' leaders.

They will declare and end to the fed and a new creation of a world monetary system under the U.N. backed financial institutions already established... -it could take more than just a few years.

Im not clear how or what currencies, if any will survive the change over but its clear the dollar will die under the weight of inflation.

Its possible a few global currencies will survive as commodity trading currencies while the global monetary electronic currencies are implemented globally.

This post has been edited by acidhead: 07 November 2009 - 08:08 PM