HUNTING FOR THE TRUTH
When you read today, you find that banks are making better profits. However when you read carefully, more deeply, you discover that the larger few too big to fail banks, that are getting free gov money, and are making profits by buying gov paper, pocketing the difference, are slowly rebuilding balance sheets using a financial shell game. We would go to jail for doing it.
Then you discover most banks are not making more profits. The small banks, the oceans of commerical loan banks, are doing terrible.
If you read further you find out that the list of about to fail problem banks, that the Fed has now on the list has soared in 2010 to the fastest growth ever, to the fastest add on’s in one year ever, and to a high total number of about to fail banks, banks they will not disclose, that they hide, that they will not tell the PUBLIC they are supposed to be serving about, so no one knows which banks are on that staggering list….rose from 775 to 829 this month alone, and is now at the highest level in SEVENTEEN YEARS folks.
You can read all this on your own. But truly the mask that is placed on the news just lowers the historic story, of these details. Hiding in plain sight is the feds task to have 24 billion in FDIC reserves protect trillions in core deposits for banks who are bankrupt, and the bankrupt banks are rising like some invisible tide, and as all this happens the fed has moved 800 billion in its own balance sheet to almost 3 trillion by issue of free money to a few inside too big to fail banks and not giant stock firms IT without constitutional authority included into the Fed protection club. Basically “we the people” have a blanket guarantee over the entire financial system, and over all the bad bets that have been made – all the sucker and looser bets people made billions on – we are guarantor – we pay off the losses with our unborn children and the leadership who did it all keeps their job, gets higher pay than ever, and no one goes to jail. No one is even investigated.
This system is not reformed. The same people are put back in charge.
For this reason polls are showing the largest upset at the mid year election ever recorded. We continue to ask that you never send an incumbant back to Washington DC, that active folks copy or use our web to advance such principles and that you VOTE and turn out the VOTE – that you get active and that you vote for your favorite but someone NEW always some one new. Four years is all we get.
They changed America.
America is now going to change them.
That my friends is the way we play this ball game.
Berny Dohrmann
Chairman
