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illusionary money
In Wisconsin, Linda's husband works every day while she stays home sweating bullets, hearing the echo of helicopters she does not understand in her rural surroundings, and in the winter, after Frank has put in his "usual" workday, he is called out again at night to plow the roads when the snow falls
- in Wisconsin. Can you guess how many nights he has been "called out" in the last four or five months ? Lucky to get three undisturbed hours of sleep a day ?
He has been doing that for a number of years, faithfully, like an old dog no one is teaching any "new tricks" - because he believes he will be able to retire with a good PENSION. Well, where do you think that pension payout is after the last round of "bank failures" which "institution" of The Federal Reserve System was s'pose ta "regulate and prevent" ... ? You got it - "illusionary"
... so Frank will probably die behind the wheel of that plow one night - if he lives that long - and if he cannot quit and draw his pension he has worked so *faithfully* to earn, while someone who never EARNED anything is his life but got his "job" because of who he is related to drives an extremely expensive car purchased with an obscene BONUS provided by his employer who profits by "investing" Frank's hard-earned dollars in fraudulent schemes Frank's pension-fund manager was convinced would be the "best thing" for guys like Frank. "illusionary" - and where does *reality* figure into the picture, and when ?
Yes, all those "paper promises" were one big, huge, "pyramid scam" played on the greed of schemers all around the world, many of whom believed the Banks were operating under rules meant to protect people like themselves, rules meant to protect the public, rules which everyone knew had been in place for decades, rules which were conveniently discarded not so long ago ... Accident ? Mistake ? Oversight ? Error ?
... or outright fraud intentionally perpetrated to devalue the dollar ? Choose one.
With fuel prices rising as they have been, "the suppliers, the craftsmen, the original land owners, the home buyers, the real estate agents, the clerks at the financial institutes" are hardly "winners" in any of this fiasco, making what little profit they can against mounting expenses
- except for hourly employees of course. It is those who create that "illusionary" money, loan it out, expect "repayment" including INTEREST which was never loaned out to begin with, who are the "winners" in their own casino game. Everyone else got to play the game while the game was hot, and those who did it honestly did not gain much from the play, and those who took advantage probably lost more than they skimmed since they were not "insiders" who would know for sure when the music would stop. To say that homeowners now being foreclosed "got some real exchange" is to ignore the fact that walking away from balloon payments they cannot possibly pay, walking out on a mortgage contract they can no longer honor, does NOT in today's real estate market mean they are "free" and clear. What it means is that on next year's Income Tax Return they will pay income tax on the amount they "skipped out" on, which has already been reported to the United States Internal Revenue Service via Form 1099 ... ... and THAT means the so-called "stimulus package" people will maybe receive soon will be a loan against a future payment those people will be less able to afford next year than this year, and how do you suppose that LOSS will stimulate next year's economy ???
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This intel was contributed by jamonbo
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May, 2012
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