Thursday, June 10, 2010

Bernanke Says No Double-Dip Recession

Hahahaha. Remember Mr. Bernanke's brilliant record of being completely wrong on every issue all of the time?

We have never wavered from a position that this crisis is not over as the markets rallied. Even though we anticipated 2009's rally. That is because it is mathematically impossible to have a recovery given the response of the Federal Reserve, our Congress, our Treasury and our President. There was no end to the recession because we are not in a recession. We are in a permanent change of trend. A point we have made time and again. A point most people realize intuitively even though it is indeed backed up by hard fact.

There are very powerful solutions to this crisis and the status quo could even keep its existing wealth as part of those solutions. Full employment, a return to defined-benefit pensions, wage growth and explosive economic recovery. But, the status quo, because of its avarice, its lack of compassion for his fellow man (We the People) and its wish to continue a fraudulent system hijacking our democracy is, instead going to suffer tremendous financial loss. This is the cycle where the wealthy in our country are punished by the very system they support as we have written time and again over the years. Belief systems die hard.

Karma is a bitch.
posted by TimingLogic at 8:47 AM