.

Yogi Berra

.

Deja Vu

All Over Again

.

.

$126 Billion Spanish

Bailout

.

The US economy’s GDP

is over 10X

Larger than Spain’s.

Therefore, relatively, this is an

.

OMG massive

$1.26 Trillion Bailout

.

Ours was mere $700 billion.

.

____________

.

Banksters

..

Privatizing Gains

Socializing Risk

in Spain

.

.

When Eurozone was Introduced the regulators

allowed banks to buy unlimited amounts

of government bonds

without setting aside any equity capital”

.

Sound Familiar?

In 2004 our SEC allowed US Banks

to become massively over leveraged too.

.

Banksters didn’t care. They could

extract money from bundled loans

and profit by selling them on the

opaque derivatives market

.

_____________

.


411′s Most used image of

Banksters

The Vampire Squid

.

.

The Truth

Whose Really Getting

Bailed Out

.



Banksters & Plutocrats

across the world

get Bailed out

.

But since the derivatives

market is opaque,

who knows?

.

____________

.

Spain’s

Housing/Financial Bubble

began to pop in 2007/2008

just like the USA.

.

AUSTERITY

[Cut spending, No bailout for middle class, Raise taxes]

was introduced as the solution

the result -

Job loss, recession and

worse yet to come

.

.

Small consolation -

At least, now, the ECB

is demanding NO new

AUSTERITY

measures with this bailout

.

Spain, has already been

driven onto poverty.

Unemployment has

already gone from

8% to 24+%

.

.

Postscript

.

Obama is NOT a

Teddy Roosevelt -

A President that stood

up to Plutocrats/Banksters

.

.

However, Obama did stimulate,

cut taxes and again forced an

additional payroll tax cut.

.

Imagine if

we followed Austerity

instead of Stimulus

.

Our unemployment has NOT

exploded from 8% to 24%

.

For a Real SOLUTION

see Robert H’s

editorial/comment

.

Obviously, we should see

major worldwide stock

rallies

Monday


Finis



.


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