In fact, many observers see a deeper crash still coming with a depression quietly deepening, even if most us cling to our perennial optimism and trust in the change maker we can believe in. The Telegraph’s Ambrose Evan-Pritchard, who unfortunately has been more prescient than wrong, whines:
“Those of us who still question whether the world has purged its toxins are reduced to the same tiny band of moaning Druids from early 2007, when we shook our heads in disbelief as the carry trade swept Iceland to fresh madness and bankers laughed off sub-prime rot at Bear Stearns.
We learned then to thicken our skins with walnut juice, lie down in dark rooms, and dissent from Goldman Sachs.”
You may recall Dennis Kucinich asking his colleagues aloud if he was in the Congress of the United States or the “board room of Goldman Sachs” as if the former is a wholly owned subsidiary of the latter. Or perhaps, there was a merger between the two in the sense that Wall Street may be down but by more means out. It is “clawing back” its influence with a new lobbying surge which is allowing Goldman and the big banks to pay back their TARP Money and get out from under the spectre of new regulations, compensation limits and the like.
The Empire inside the Empire is striking back.
Meanwhile we still live with a fog of misinformation, disinformation and no information. Basic information about monies from the Federal Reserve to Banks and financial institution has not been disclosed. Bear in mind the Banks control the Fed—and free marketers ran the economy, not the government.
Writes Bob Chapman of International Forecaster:
“Not one banking or Wall Street executive owned up to what really happened to cause the crisis. They are totally lacking in honesty, integrity and decency. As it now stands we’ll never know the true inside story of what really went on. We have seen no civil or criminal charges against any of these crooks. Not even investigations. Whatever happened to RICO? Over the past 25 years our financial industry has descended into darkness and corruption and the people who caused it are getting away scott free”
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