Good Afternoon Folks
Before I begin a little housekeeping here:
I will be out on business this week. Feel free to discuss the capital markets in the comments section. I will try to add a few myself in there. I also plan on putting some things up on Twitter throughout the week if anything big occurs. You can link up to me on Twitter in the upper right hand side of the site.
I wanted to share a few videos today. I never really discussed the tea parties last week. I was very proud of our citizens on tax day 2009. I planned on attending one myself but I wasn't able to due to prior commitments that I had made. I do plan on attending the next round of these parties and trust me folks there will be more.
The fact that the business and political elite of this nation are transferring trillions of dollars in taxpayer money into their own pockets is beginning to infuriate Americans. The pro Obama press is trying to muzzle this grass roots campaign by calling it a radical right wing movement.
This is a crock of crap. I see equal anger among Democrats and Republicans. Both sides of the aisle are watching their 401k's vanish along with their jobs.
Check out the video below of a Republican Congressman Barrett speaking at a Greeneville NC tea party. This guy voted yes on the TARP and was practically booed right off the podium despite coming from the right. The tea parties are not about politics folks. Its about right and wrong.
They also represent the anger and frustrations of ordinary people who are struggling. People are tired of being ignored by the politicians in Washington. Americans were 100-1 or more against the TARP. Despite this Congress passed the bill anyway and then proceeded to donate the $700 billion dollars of OUR money to Wall St. Anybody here think they got their monies worth? Yeah me either.
The TARP went right into the bankers pockets and was never seen again. Don't let the MSM fool you. The tea parties are not about the taxes that we are paying today. They are about the taxes that we will be paying down the road in order to pay off this mess. What infuriates Americans most is most of us were totally against these bailouts. Almost all of us were against the TARP. Congress is supposed to represent their constituents and they clearly failed.
You need to ask yourself: Is this taxation without representation? This colossal fraud must be cleansed from the system before we begin to recover from this. There will be no recovery as long as the people who created this mess are still in power. The roaches on Wall St must be exterminated in order to get this country back on its feet.
If we fail to do this the economy is going to get worse and worse and the risk of social chaos will become very real. The tea parties should represent a shot across the bow to our politicians. A revolt is brewing if you continue to play these games.
Are you listening Washington?
I of course am not alone when it comes to worrying about social chaos. Take a look at Gerald Celente here from trend forecasting. Please note that I do not agree with everything that's being said on here especially around the military.
However, Gerald does do a nice job describing why social chaos is potentially right around the corner. Whats happening here among our oligarchs is morally and ethically flat out WRONG!
Could this spark a revolution? I hope not but maybe this needs to be put on the table.