Wednesday 16 December 2009

The recession continues to be over...............from Rico

Last week "insiders" sold $332.7 million, and bought $10.2 million in stock.

This past year governments (central banks) have done little else but print money and talk. "Lip service" from Obama-Soetero and acolytes in the MSM has not cured the mathematical certainty of bankruptcy. It's not enough.

Considering that the total "bailout" ceiling is $14 trillion, but we are being focused on TARP repayments only in the tens of billions, one should conclude that banks are taking the opportunity to 'raise cash' (selling shares and diluting their current shareholders positions) while they are (a) looking ahead tohuge losses next year on mortgages and CRE, and (b) paing back bailout money with bailout money.
- While not even saying "thanks a bunch" taxpayers for the hugely generous 'gift' of your money.

IF you are paying any attention to America playing the sequel to the socialist economic experiment known as Zimbabwe, this should send shivers down your spine.

IF you believe the lies you are being told, you'll not only be unprepared for what is ahead, but you'll have a nasty surprise. CHANGE is here, but HOPE will not save you from it.

The recession continues to be over. Do not stand in front of the exits.

1 comment:

Cargosquid said...

The graph is wrong.

Who Gave It?

The entire circle should just be titled: Taxpayers