Quote:
Originally Posted by dennis in se pa
Do you believe when they report this? They always seem to lie. More smaller banks would somehow seem to me to be more accountable. I think they are full of *****.
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If you are referring to Wells Fargo "pre-releasing" (last week) the news that they were unexpectedly profitable for the 1st quarter of 2009, then "yes," that "news" is a lie.
Wells/Wachovia achieved "profitability" because the U.S. government (and Federal Reserve)
gave billions of dollars to them. Additionally, they are using accounting tricks to not show the losses they are really suffering.
We are witnessing
fraud (orchestrated by both the banks and government) on a level that makes Madoff's fraud look like a childish prank.
This will all end with the dollar collapsing -- and probably China (and other nations of the world) threatening war with us for the trillions of dollars we are stealing from them with our paper money schemes.
Not to forget the potential civil unrest when millions of American citizens see their hard-earned savings evaporate to worthlessness in the hyper-inflation being created by the Federal Reserve.
It appears that the Federal Reserve is preparing to "celebrate" its 100-year anniversary (in 2013) by orchestrating the complete collapse of the dollar, plunging hundreds of millions of people around the world, who have relied on the dollar to act as a "store of value" for their savings, into abject poverty.
Stay tuned to the people who
really understand what is going on:
Keep this bookmarked, refer back to it regularly to learn the truth behind the lies:
http://financialtruth0.blogspot.com/