We’re spending 9 billion per hour to shore up the big banks that’s 1 trillion per week. It started around Oct. 7, 2008. Our land and treasure is going to the International cartel of banks. This can only lead to the Weimar Republic here.

The banks have announced that two trillion of credit will be taken out of the credit market meaning credit card limits will be lowered on credit cards some up to 50% according to Chase and Bank of America. This will result in a further compression of the money supply and spending power if the people. This in an economy based on consumer spending which will really be another hit in the GNP. Treasury bills have gone negative. How can one invest in an investment that is negative at the outset?  Bernanke says he will hyper inflate.

As it stands now we have:

• Cascading bankruptcies
• Unemployment double last year estimated at now 10%
• Underfunded pension funds
• Nest eggs are now broken

We can hear Ross Perot’s sucking sound of the money leaving the country. Bush said the money power of the West is yielding to China and Southeast Asia.

All the security of the prior system is now gone because of 30 years of deregulation, low taxes on the rich and the dismantling of the laws that made the middle class strong and secure.