Government is not only financing homes, but also companies, cars, Wall Street, banks and insurance companies. Taxpayers own 60% of GM and 80% of AIG, both of which are bound to fail. Under TARP government owns the banking system, most of which is insolvent. They all survive for now with government guarantees. We did not hear these problems being addressed at the G-20 meeting. All we saw was police and military beating innocent people or the use of tear gas, rubber bullets and sound cannons on innocent demonstrators some 20 and 30 blocks away from the downtown meeting area. Your Gestapo goons at work.Advertisement
The following are some snippets from the most recent issue of the International Forecaster. For the full 28 page issue, please see subscription information below.
US MARKETS
The G-20 Pittsburg Summit ended last Friday. Their official statements made for some novel and interesting reading.
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