FROM KARL DENNINGER ON YOU TUBE

Blogger geist said... Great article from Karl Denninger America Has Died - To Thunderous Applause snip... You, on the other hand, will get exactly nothing out of this. Not one job will be created. House prices will continue to fall and foreclosures will continue to mount. The "bankruptcy reform" law remains, meaning if you can't pay you will be turned into a perpetual debt slave. The real economy will get nothing from this. Bridges, roads and schools will receive not one nickel from this massive transfer of your money to the wealthy bankers who robbed, cheated and stole from you. States will get nothing, even though their budgets are squeezed as well. In short, none of the money is going to help you, the consumer, the real economy, or the state in which you live. All of it is being spent to bail out the institutions, shareholders and executives in the firms that intentionally created this mess in the first place by screwing people up and down the line for the previous ten years. http://market-ticker.denninger.net/