All over the world, in countries as far apart and diverse as Egypt and Vietnam, Ireland and Libya, Bahrain and the United States, people are standing up and saying “No more concessions, no more cutbacks, no more bailouts, no more austerity, no more!”
Of course, what sucks for the American worker is great for our Multi-National Corporate Masters and we all love a good puppet show, so they bought out the President to say "U.S. companies shouldn't worry about inflation if they're planning on expanding their business."
Libya is in the same predicament, as is Sudan, Algeria, Nigeria, Angola... What happens when people are starving while they see their leaders living lives of luxury? They get pissed! They demand CHANGE.
Newest Stock World Weekly: "The Fed has no means to fix the problem of joblessness, besides trying to stimulate the economy by flooding it with liquidity, or “printing money,” thereby devaluing the Dollar. Devaluing the Dollar is contrary to the Fed’s mandate for price stability."
How about our friends at JP Morgan (JPM), one of our favorite financial holdings, who just reported that they did not lose money on a single trading day in the ENTIRE 2nd HALF of 2010, making $76 Million dollars per day on the average for all of 2010.
A great, great scam because we spend dollars we don't have, devaluing the Dollar, to prop up the EU and that strengthens the Euro - devaluing the Dollar again! It's a double hit on the Dollar in one morning.
