How The Economy Arrived At Its Current Point Of Absurdity – 03.27.15

The underhand, scurrilous way in which the banks passed money over to each other, courtesy of the Fed. All taxpayer money for which the taxpayer is ‘on the hook’. The bankers’ desperation has them revisiting the subprime market for even crazier loans than they made ten years ago. Listen to surreal stories of car loans made for greater than the value of the car and converting them to AAA-rated paper. Memories? The Icelandic economy is rebounding despite rogue bankers having been successfully prosecuted and jailed. Listen to a clip describing this. The economy is showing serious signs of failure. House prices are soaring despite ordinary people being unable to buy a home. The Healthcare web site STILL doesn’t work eighteen months later. Why we don’t (and won’t) have hyperinflation. The horror story of ill-educated American youth, scoring systematically last or near-last in comparative surveys with other developed countries. Journalist “presstitutes”, unwilling to tell the truth for fear of upsetting their sponsors. How their lies affect foreign policy. More on the dissolution of the American Dream.