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Fraud is The New Black – We Are a Banana Republic

Bernanke, Paulson and Lewis should be in jail, under indictment for securities fraud. According to New York State Attorney General Andrew Cuomo’s letter to the SEC and Senate Banking Committee on the Bank of America, Merrill Lynch Merger The three men conspired to keep investors in the dark as to the truth in regards to Merill Lynch’s deteriorating financial condition. This caused huge losses to stockholders of Bank of America. The stockholders are the “little people”, why should they get truthful information from the Federal Reserve, The US Government or the Company CEO. Because only little people take it on the chin when the elite need to line their pockets.

What the three men did is illegal.

Link to Cuomo inquiry.

Much has been said about how when the Federal Reserve prints dollars and creates money out of thin air, we will get hyper-inflation. Our economy will be like a banana republic. The truth is that when the powerful elite are above the law, we are not acting like a banana republic, we are one. When the rule of law is set aside, capital needed to restore the economy flees. The reason banana republics never make headway is because they are corrupt. Currency issues, inflation, even hyper-inflation can be remedied but when there is lawlessness, the investor has no safe haven, anywhere. Would you invest in an economy where rules don’t matter? Put your dollars into Somalia, Venezuela, Mexico? Probably not and the reason is because of widespread fraud, your investment simply wouldn’t be safe. Be prepared for worse, much worse as sophisticated investors continue to withdraw from our dying economy.



May 9, 2009 - Posted by | General

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