Truemors
The International Institute of Nonviolence
News&Opinion
By: Rev. Jermano
The Almighty Financial Guru-wizard Lehman Bros....are finally seeing the truth and are trying desperately to dump their Investment Bank before more losses compile. In reality the entire US Economy is bankrupt and has so much debt accumulated that no one has the power to change that. Not even the US Congress. Their constant raising of the debt ceiling is like giving morphine to a heroin addict.....as they give more and more injections.
Nothing can stop the exodus from the Failed American Financial Institutions, as people begin transfering their investments to Foreign Stock Exchanges such as in Europe, and Asia. America has just to many no good loans....most certainly brought on by the blank check War GW Bush got the American people involved with.
Of course people are going to try to put thier money into gold and Oil, but really its not about things folks, its about confidence in where you put your money. With 911 anniversary just gone by...people still remember that terrible act....and with so many unanswered questions and stalling lies from the government....the peoples confidence has turned against them.. More and more people believe the US government did 911, not Osama Bin Laden.
Lehman's losses soared to almost $7 billion in the last two quarters, primarily because of wrong-way bets on mortgage securities and other risky investments. Where this ends is anyones guess. More banking failures signal more than recessionary fears, but 2nd Depression Era...and we can attribute that to the protracted no end in sight to the War on Terror.
Face it....there is no way to stop terror....especially when people believe we are the terrorists instead. We must always realize that it is not the amount of capitol they have on hand that spurns growth and confidence, it is the amount of trust and good-standing the people feel about the government that supports Financial Institutions.
With the US Government taking over Fannie Mae, and Freddie Mac Loan Empire of 5.3 trillion debt load....their 2 billion trinket change barely made an impact....when so many other banks along with Lehman Bros....are also on the brink of collapse. Remember: 1000 billion = 1 trillion dollars. When the dominoes go......well there they go.
http://www.nowpublic.com/world/us-government-takeover-its-financial-crisis-real-or-scam Rev.
http://news.yahoo.com/s/ap/20080912/ap_on_bi_ge/lehman_brothers
Rev. Jermano
Comments (0)