All in all it was a crazy day… and I didn’t even mention Europe, which is on the brink of the abyss as well.
By Jeff Berwick – The Dollar Vigilante
What an incredible day. I spent most of my day overlooking the beach in southern Mexico and so I was unaware of the buzz of activity that was going on worldwide. Around sundown, as I do most evenings, I then made my way to my office, Starbucks, and took my place in my usual seat, the red comfortable chair with armrests and began to scroll through the news of the day via the last free place on earth, the internet. And what a day it was!
I started by watching this interview with US Treasury Secretary, Timothy Geitner, on Meet the Press.
Timothy is hard to watch. He is a deviant, lying sociopath and he begins with a cartoonish explanation of his economic analysis of the last 3 years. Making a motion of a plane nosediving – all but missing him actually making the bbbbrrrrrrrrr noise with his mouth – he stated, “The… the.. the American economy,” he stammered, “was faaalllllling off a cliff in the fall of ’08.”
Any ideas why that happened Timmy? I thought that is why we have the Federal Reserve and the phone book size list of financial rules and regulations, to avoid market panics, no?