Once in awhile I go to the Yahoo news boards and post with all the "yahoos" there. Some of the articles, like the Arizona immigration law articles, bring some real nasty people out of the woodwork. You would be shocked. However, in the business pages people have been studying and there are more intelligent comments about debt and the Federal Reserve Bank, that private institution that leaves us tethered to old money. So, here is what I posted in response to the article about consumer caution in the US, as GDP only went up 2.4 percent in the second quarter:
As long as the consumer stays out of the debt trap and walks away from usury and scam loans in a debtor revolt, the fed is screwed. Poor private greedy fed. If you wanted to stop excess debt you shouldn't have pushed for the repeal of Glass-Steagall and you shouldn't have allowed off balance sheet banking to reach the shores of the US which was determined by Basel 2 in 1998.
Debt is how you banksters control the world. We don't want it and we don't want you.
And you wonder why the consumer is cautious? Thieves!
Truth is, the New World Order of bankster economics is a threat to the consumer and to mainstreet. The sooner mainstreet understands this the better for long term economic growth. I posted this at Webanswers in response to the question about whether there even is a New World Order:
...The New World Order actually makes big business richer as mainstreet becomes poorer. How long that can continue without adverse reactions is anyone's guess. How long mainstreet will put up with liar loans, bank bailouts and the like is anyone's guess.
The New World Order is not benevolent towards mainstreet, and actually works against mainstreet. It was the New World Order at Basel 2 in 1998 that permitted off balance sheet banking that, along with the repeal of Glass-Steagall, created the ability to hide bad loans and thus make and buy and sell bad, toxic, loans.