Recently I came across information that was very sobering to me, which brought me to the conclusion that the majority of the banking system will eventually be allowed to collapse.
The amount of debt that the Federal Reserve has been adding to the books, since the housing market collapsed, is in the trillions, and because of this there is a mad struggle to keep the masses from becoming more concerned about this added debt. It seems that the more that they try to do to fix this mess the more messed up it gets.
Americans are facing dire straits, especially those who consider themselves to be middle class. Everyday we are expected to believe that we are starting to recover from the disaster that was experienced in October 2008, and again in May 2010, which they claimed was a computer glitch, which most found hard to believe. Many investors lost big on that day, and many questioned if this, so called computer glitch, wasn't really something more sinister.
With that said, I believe that the worst is yet to come, now that the president is working toward another useless stimulus plan, which will mostly benefit the upper middle class, while the middle class stimulus is on hold because of Republicans standing in its way, according to the president, in a recent speech.
What this comes down to is that the middle class will need to learn to live with a lot less money, compared to what they could spend, before the housing bubble burst.
This video shows yet another dumb move by the Federal Reserve, which is definitely not a good idea, as you shall see.
I am also including links to more information, which I found to be more informative compared to what the main stream news media is reporting.
http://www.kbtx.com/money/headlines/100537699.html
http://www.doctorhousingbubble.com/cost-of-bailout-9-trillion-dollars-and-counting-banking-stockholm-syndrome-let-home-prices-fall/
http://www.doctorhousingbubble.com/cost-of-bailout-9-trillion-dollars-and-counting-banking-stockholm-syndrome-let-home-prices-fall/
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