"If you bring forth what is within you, what you bring forth will save you. If you do not bring forth what is within you, what you do not bring forth will destroy you."

Sep 19, 2008

Sold American

The End Of The United States

Mike Robinson -www.ukcolumn.org

As I write this, in a real sucker punch, the FTSE is up 10% so far today. Hooray, the world is saved!

Or not.

What could be behind this insane, hysterical reaction?

One reason is that late yesterday, the FSA called a halt to short selling of financial stocks in the UK. As a result, many (t)raders have had to get themselves out of short positions. That musta hurt!

The second, much bigger, reason is that the US Treasury Secretary, Hank Paulson, in collusion with the US Congress, is about to commit an act of blatant treason.

Instead of doing the right thing, which would have been to place the system in administratrion (bankruptcy reorganisation), he has decided to make the United States itself bankrupt.

The bankers are laughing up their sleeves.

-cont.

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