max
Banned
- Joined
- Jul 25, 2007
- Messages
- 4,453
Bernanke: It is essential that Americans charge more on their credit cards.
Well, of course that's not an actual quote...but it is exactly what he is communicating. Can u imagine if Bernanke, Paulson, McCain, or Obama were to say such a thing? They would be ridiculed and discredited. Instead, they refer to this ridilculous solution as "injecting liquidity."
People need to understand is that when these clowns say "we need to inject liquidity into the banking system to loosen up the credit market." (which is the exact mantra that they are all reciting), here's what it really comes down to:
1. Consumer spending accounts for 75% of the economy.
2. Consumers buy things on credit.
3. Banks are reluctant to lend because of tons of bad debt (mortgages, delinquent car loans, overdue credit cards, chargeoffs etc)
4. Consumers are also reluctant to borrow because they maxed out and cutting back in order to survive.
5. So, to keep the economy afloat, the banksters need to put more consumer debt on the backs of American consumers.
"Liquidity" = more consumer debt! Plain and simple. That's their f**** plan? This is lunatic economics, camoflauged in fancy language!!!
It's sort of like when the Pentagon refers to the painful burning, suffacation, and crushing of innocent women, children, and elderly foreigners as "collateral damage." Words can totally distort the true meaning of things.
Well, of course that's not an actual quote...but it is exactly what he is communicating. Can u imagine if Bernanke, Paulson, McCain, or Obama were to say such a thing? They would be ridiculed and discredited. Instead, they refer to this ridilculous solution as "injecting liquidity."
People need to understand is that when these clowns say "we need to inject liquidity into the banking system to loosen up the credit market." (which is the exact mantra that they are all reciting), here's what it really comes down to:
1. Consumer spending accounts for 75% of the economy.
2. Consumers buy things on credit.
3. Banks are reluctant to lend because of tons of bad debt (mortgages, delinquent car loans, overdue credit cards, chargeoffs etc)
4. Consumers are also reluctant to borrow because they maxed out and cutting back in order to survive.
5. So, to keep the economy afloat, the banksters need to put more consumer debt on the backs of American consumers.
"Liquidity" = more consumer debt! Plain and simple. That's their f**** plan? This is lunatic economics, camoflauged in fancy language!!!
It's sort of like when the Pentagon refers to the painful burning, suffacation, and crushing of innocent women, children, and elderly foreigners as "collateral damage." Words can totally distort the true meaning of things.
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