Monday, December 15, 2008

ICE STORM HITS WALL STREET...!

THE STREET HAS PLENTY OF LIQUIDITY THANKS TO "HELICOPTER BEN" AND "HAND OUT HENRY..."

THE PROBLEM IS THAT IT'S ALL FROZEN IN THE BANKS...

MAYBE THEY KNOW THAT THERE ARE MORE PONZI SCHEMES TO COME...

AFTER ALL AT THIS LATE STAGE IN THE BUBBLE ECONOMY PONZI SCHEMES ARE LIKE MICE...

IF YOU SEE ONE...THERE ARE PROBABLY ANOTHER HUNDRED THAT YOU DON'T SEE...

WE ARE ONLY ABOUT A MONTH OR TWO AWAY FROM CALLING THIS ECONOMIC SITUATION A "DEPRESSION"....

A RECESSION IS WHEN THE ECONOMY TURNS DOWN FOR CYCLICAL REASONS...

A DEPRESSION IS WHEN THE ECONOMY TURNS DOWN FOR STRUCTURAL REASONS...

IN SHORT, WHEN THE RICH ARE WIPED OUT...TRUST ME IT'S A DEPRESSION....

RECESSIONS ONLY WIPE OUT THE WORKERS AND THE "LITTLE GUYS"...

AND WE ARE WAY, WAY BEYOND A RECESSION NOW...