So today... once again, the market makes a new high... AND So does the Foreclosure rates! What? Are the foreclosure rates and the market locked in step together, like the dollar and the market was? Granted, the dollar being sold hard everyday by the Obama Gangster Gang doesn't get the market up as high as it used too... but they still trade on opposite sides for now.
This foreclosure matter is another deal. So here we have an article by CNN telling us that the foreclosure rates rose 7% from last quarter to a record of 930,000 now. And the stock market rallies some more. WTF? Seriously? Who is doing all the buying for the these companies to have great earnings?
Maybe it's like Anna commented on yesterdays' post, that people aren't paying their mortgage, and instead using that money to buy more stuff (in her case, some hot sexy outfit's from Victoria's Secret... you got too love sexy women).
Or maybe people should be standing up to the crooked banksters like this guy did...
Where is the "so called help" that Obama promised? You remember, the promise to help home owner's keep their homes. What a joke that is! Why should a bank refinance your home when they can steal it from you by foreclosing on it. Why should the bank's loan out any new mortgages when they can make more money manipulating trading the stock market?
Think I'm kidding? How about this story of an "insider" who came out and reported that JP Morgan was manipulating the metals market (story here). That's why the market is going up... it's not people buying, it's just manipulation, using the publics' money.
Yes folks, the so called "Bail Out" funds! You remember that don't you? They were suppose too stimulate the economy right? Just in case you have forgotten about them, or wonder where the money went... here's the story again.
Step One... The government scares congress into having an emergency meeting in late 2008, quoting that the banks will fail and the world will collapse if they don't pass an emergency bailout program to save the banks (in reality it was only the 5-6 largest and most crooked banks that were mainly in trouble, as the small to mid-size banks would be allowed to fail... to eliminate the competition of course).
Step Two... The government passes the bailout plan, and proceeds to borrow money from the Federal Reserve Bank (a private entity ran by crooked banksters, created in 1913 by banksters, with the sole intent on profiting from the government by controlling the monetary system... aka MONEY!).
Step Three... The government prints I.O.U's (aka... treasury bonds), and gives them to the Federal Reserve in exchange for Cash, instead of just printing the cash themselves, at zero percent interest... because they gave up that right to print money themselves in 1913, when they gave it to the Federal Reserve. (A right that was written in the Constitution when America was created, that was to always be done by Congress).
Step Four... The government then takes the cash they borrowed (at whatever interest rate the bonds are worth.... currently 1+ percent on 2 year bonds and longer term), and then loans the money back to the banks (at near zero percent interest), with instructions to get the economy going again by loaning out the money to the public. (Yes, you read that right, they basically pay the banks on money they are loaning them! Huh? Yes, stupid I know! But well planned so the banksters can get richer, which secures the politicians a nice fat job at one of those banks when their term is up).
Step Five... The banksters ignore the government and take the money and buy up their own stock to the ridiculous levels that they currently are at. Why take risk's loaning money to the public for mortgage's at 5% when you can make more money in the stock market? Plus, those loans would be highly risky as the people that the government wants the banks to lend money too, are the people that lost their job's from the banks mortgage bubble that they created that topped in 2007.
Step Six... The banksters pay off common media personal to entice the retail public to get back into the market at the top, so they can unload their bloated stocks to them.
Step Seven... The banksters start to "get short" on the market, while telling the public to buy, buy, buy!
Step Eight... The banksters release some hugely negative event that causes a meltdown in the market, and then tell the media puppets to start telling the public how bad everything is... which causes more selling, fueling the fire and forcing the market down even more.
Step Nine... The banksters go to the government and claim that they are going to fail if they don't get another bailout. The government gives them another bailout.
Step Ten... The banksters take the bailout money, sell out of all their short positions (with a huge profit... stealing the publics' lifesavings from their 401k plans, etc...), and combine that new free money and stolen profits, and start buying up their own stocks again... rallying the market once more again.
Step Eleven... Later, Rinse, Repeat...
P.S. Support Ron Paul, as he want's to get rid of the Federal Reserve and give Congress back the right that was originally theirs in the first place. And support the Tea Party Movement, as those folks are actually out there with signs, on street corners protesting the crooked banksters, etc... I'm simply doing my part to spread the word with this blog, as I sure as hell can't forecast the correct move in the stock market! Ok, well I'll give it a shot for tomorrow... UP as usual (secretly hoping for a crash though)
Happy Illegal Personal Income Tax Day!