"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." — James Madison
Apparently however we have not given enough as the stock market is throwing a temper tantrum at the specter of the feds ending of QE 2 at the end of the month. We should of got a clue when Jamie Diamond of JPMorgan started crying on Bernankes shoulder about "if Uncle Ben should cut off his QE2 money and leave him at the hands of the evil regulators and their "rules" that might stop him and his pals from destroying the Global Economy (again)."
And we can understand Mr. Diamonds concern considering he only made $21 million plus in 2010.
Also lets keep in mind that China no longer holds most of our debt. Guess who does? We do! We are now our largest debtor. Meaning we owe ourselves more than we anyone else??? Yes we understand this is a hard concept to wrap your head around, Because one would have thought that the the trillions of dollars the fed was creating might of gone a little ways towards paying ourselves off? And it was supposed to......wasn't it?
Remember that little gig about, o.k. we are going to give the money to the banks, then the banks are going to loan it out to businesses who will then use the money to create jobs? Hey nice theory. But there was a glitch. The banks kept it. And then they loaned it to the feds, who in turn loaned it back to the banks who in turn bought stock in paper that paid a higher interest than loaning it to "Job generators" would. Of course that was after giving themselves nice raises and bonuses. Whoops, my bad. I should of said after "WE" gave them nice raises and bonuses.
So of course the the stock market is going to tank. Because it was all all a scam to begin with. The money that was going to corporations to create jobs was creating jobs. Overseas! And hiring better and more expensive tax lawyers than employed by the IRS so that Corporations can get away with paying little to no tax. Sheer Genius! After all, the IRS isn't going to seriously take on GE. Besides attorneys, they and other corporations employee many lobbyists to engage in "collective bargaining" at the federal level to get them more tax breaks. Now of course in Wisconsin they call this sort of activity "Unions" and get rid of them. And we did err by using the term "collective bargaining" when it should have been "collective purchasing of legislators" ( remember Speaker of the house Boenher handing out checks from tobacco companies on the floor of the house? No! Well watch the video
Genius sure genius, he is now the number one man in the house?).
