Secret Fed and Treasury Knowledge of Market Meltdown

I think basically that’s what’s happened anyway.  As if Citigroup CEO didn’t know the trouble he was in, yet they made like they were going to “save Wachovia” etc. etc.  That’s probably the real reason the deal didn’t go through…it was just a public relations performance.

Same with the early November bear market rally.  Again, “let’s just give the public a little something to feel some ease about,” you can imagine the logic going.

A tumble down ten flights of stairs two at a time is arguably better than a direct fall down twenty flights of stairs.

I think that’s what we’re seeing.

And another example of this “hush-hush now, tell them about it later” is the big giraffe in the room, its neck growing longer by the day.  That giraffe is INFLATION, baby…. what else do you think is going to happen to all of these printed dollars?  This week it just got worse with another stimulus ($800 billion) planned by Paulson (Wake up, Terence Corcoran – it’s a stimulus given by the REPUBLICAN adminstration – not Obama here, he’s not in office yet, remember?  Your argument about disaster socialism doesn’t hold, and besides, Naomi Klein’s original argument doesn’t either.).

I mention the giraffe in the room because there’s a SECOND example of “hush-hush now, tell them about it later” and of course, that is the 800-pound gorilla in the room, known as MEDICARE and SOCIAL SECURITY.  I can give you one hint: 2012.  We’ll talk about that later…..:)