Good Morning Middle America, your King of Simple News is on the air.
It’s a blustery morning here in Western Colorado with plenty of the cold white stuff decorating the place for Christmas.
Okay, I was wrong, the stock market didn’t go up yesterday, it went down. It will go back up today as the leaders of the notorious Wall Street Gang get over their temper tantrum.
In an interview just after the FED lowered interest by only ¼ %, or as the big boys say, 25 basis points, one Wall Street trader said, with bottom lip protruding an inch and in a his best whinny voice, “We wanted 50 or 75 basis points.” After which he threw himself to the floor and with arms and legs thrashing, rotated in a small circle on his office floor.
But today, it’s back to the business of another boring day of fleecing America. The tables are now open for gambling, please place your bets; with other people’s money.
The FED it seems is somewhat concerned about inflation. And so is Wall Street. But the boys and girls on Wall, are far more concerned about inflating their bank accounts than what happens to those of us in the squeeze play of rising prices and stagnant wages.
As I reported yesterday, Goldman Sachs is handing out average bonuses of $600,000.00 while Middle America is trying to hang on to their houses and buy milk and gas.
Have you ever read science fiction or studied American Indian beliefs regarding a parallel world? Two worlds that exist at the same time, but that are very different? It’s not science fiction or lore, it’s real as rain. Americas wealthy and the rest of us live in very different worlds.