Letters to the Editor
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Canaries were never allowed into this coal mine!
Wall Street is nothing more than the rich man's Las Vegas, with the big boy's running the tables by their own rules. They deal and set the rules. Small investors can get lucky, but they don't understand that big money drives the market. Their IRA's and 401K's will be worthless by the time Wall Street is done, which won't be long.
Where else can bad managers get huge bonuses and the federal government makes borrowing easier so that they can lose more. It's as though the casino owner tells the big loser, "No problem. We'll just give you more credit. Sooner or later you'll win it back."
It could happen, but not so long as Americans are told to BUY, BUY, BUY. Keep the economy going by buying. It used to be money to lend came from savings. Today it comes from the printing presses. Few people realize that we are headed directly toward hyperinflation just like Germany experienced before Hitler took control. Those poor people thought that he was the solution.
The solution is to do away with the Fed and force banks to do credit checks and be responsible once again for their loans and not be allowed to bundle them and sell them to others. The U.S. and world economies must suffer now to return to sanity. I wish that it weren't so, but it is. We are on the verge of another depression, one that is overdue.