William Black, Simon Johnson and William Greider - Three Experts That Get It
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(If you have never forwarded one of our posts, I encourage you to forward this one to friends and family, so they can see the truth within the Bill Moyers videos referenced below.)
Banksters, Economic Royalists and the Wall Street Elite seem to be firmly in control of the economy and main stream meadia. Nothing being planned or implemented is targeting the average American. Nothing. In fact, what is being done is nothing more than heaping further rewards on the Banksters, Economic Royalists and Wall Street elite . . . at the expense of Main Street.
Two Choices - Do you remember what I said in August? I said we had two choices. We could pay the consequences and enter the Depression proud and strong, and came out standing tall . . . as Americans. Or, we could allow King Henry and his Band of Merry Thieves to suck the life blood out of us, so when we did come out of the Depression, we would be naked, bloodied and on our hands and knees begging for scraps of food from King Henry and his Band of Merry Thieves. Our hopes of Obama turning things around have been smashed. He’s not only following King Henry’s lead, but he still has King Henry’s men firmly in control of the crisis.
Must See - William Black - Bill Moyers did one of the most important interviews of his career. It’s too bad it will be buried in oblivion. He actually only asked a handful of questions, but William K. Black picked up the ball and just laid it all out better than anyone has to date. Unfortunately, very few people will see this. You would think the main stream media would jump on this stuff, but they are too busy trying to put lipstick on this pig - http://www.pbs.org/moyers/journal/04032009/profile.html William K. Black suspects that it was more than greed and incompetence that brought down the U.S. financial sector and plunged the economy in recession - it was fraud. And he would know. When it comes to financial shenanigans, William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s, has seen pretty much everything.
Simon Johnson - Here is a link to a Bill Moyers piece with Simon Johnson, former Chief Economist at the IMF - http://www.pbs.org/wgbh/pages/frontline/video/flv/generic.html?s=moyj06p839 Unfortunately, Bill Moyers is not main stream media enough to make a difference, and the public would rather be watching Reality TV shows, the Kardashians and Hugh Hefner’s girls.
The Fixers - It looks like the only voice of “some” reason in the White House, is now considered the senile old uncle. Paul Volcker has been put on the shelf . . . maybe where he belongs, as he really has no clue what is going on now. If Barack Hussein Obama wants to really put the country and the world on track, hire the foundation of a Dream Team . . . Simon Johnson, Paul Krugman, William Black and William Greider.
William Greider - Another great Bill Moyers interview that will be seen by too few - http://www.pbs.org/moyers/journal/03272009/profile.html
Business Week Flop - My friend Mara Der Hovanesian, along with Christopher Palmeri and Prashant Gopal have the cover article in Business Week this week. Too bad they totally missed the mark on this one and decided to present a one-side piece. The cover article is “Signs of Life” referencing the housing industry. I don’t agree with much in the article, and I find it awkward that BW has decided to join the media list that chooses to ignore reality. On the other hand, maybe Business Week editors realized the cover article might have a few flaws in the details, so smack in the middle of the spread they ran Peter Coy’s commentary: “HOUSING: Don’t Get Too Excited Just Yet.” Peter points out that prices will fall further and things might not be as shiny as the cover article suggests. It is interesting to see two opposing views in one issue. I spoke with Peter this week for about 30 minutes so maybe that had something to do with his Commentary piece, but when you put a misleading Cover out, it really doesn’t matter that it is a far stretch from reality. I’ve never given Business Week a low mark, but this week’s issue gets a “F” for reality and an “A” for outdoing CNBC and the National Associate of Realtors on the fluff-meter.
The Problem Remains . . . excess inventory, rising unemployment, builders still building (more excess inventory), rising foreclosures (more excess inventory), sales of second, third and vacation homes (more excess inventory), builders still building (more excess inventory) and coming full circle back to rising unemployment. One more factor that is on the rise. More young adults are moving back in with parents. And more elderly are moving in with children. This puts more homes on the market . . . and more excess inventory.
Mike’s Website - http://www.morgan7.com/
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