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Re: Globaltrnr post# 3355

Friday, 06/01/2012 6:20:48 PM

Friday, June 01, 2012 6:20:48 PM

Post# of 39190
Well, that could happen if they float another rumor over the weekend about another QE or some sort of European bail out. Those rumors will only work so often, though. We've had several QEs already and they haven't stimulated the economy much at all. All it does is benefit the elite banks at the top--gives 'em more gambling money for their derivatives casino. They win, they keep their money. They lose, taxpayers must bail them out.

It produces austerity for the working class taxpayers. What's happening in Greece will be repeated in Spain, Ireland, Italy, Portugal, etc...and in America, too.

A nation of sheep will beget a government of wolves. — Edward R. Murrow