You know what makes me sick ~ another 530,000 people lose their jobs and them idiots in the mainstream media report the economy appears to be making a turnaround. What kind of idiots do we have running this damned nation?
The city where I live right now has for sale signs all over the place. Every house on one of the west side streets has a for sale sign in front of it. People are losing jobs left and right, businesses are shutting down and the owners of the properties can't find any others to come in and initiate a new business. That's a real fine "turn around" there. Hence, the introduction of the commercial real estate bust.
We have a bunch of liars running the financial systems. Fudged numbers all over the place and a media owned and controlled by that "Secret Society" horse shit which includes corporate America. Companies are cutting back on the number of employees they have on payroll to make their numbers reach Wall Street expectations. And right now, the goal is to cut as many jobs as possible to beat the previous quarter's earnings. Then they report an increase in earnings when in reality their revenues sunk through the toilet.
That's how stupid so many people are out there. They buy into the entire bunch of crap pushed by the mass media. I'm just glad at least we have a couple of good writers out there that expose the real truth. And Denninger is definitely one of them!
Thanks for the post.
Peace,
Mark
