Confidence In The Markets!
What a rally we saw yesterday!
What we learned is that if you give a corporation $Billions in free money, at a rate that is faster than they are losing money, then they can post profits!
Citibank announced that they were currently seeing profits, so investors got excited and drove their stock price up.
This is the new economy, just as predicted. The Government prints and borrows money and gives it to the largest corporations. Those corporations post profits. The market goes up. The GDP continues to grow. Our government based economy shows great numbers even as unemployment rises!
Even now, the US Government makes up 50% of the GDP. This trend has passed the critical point and over the next few years, we may well see the US Government become over 75% of our GDP.
We're moving to the stage where the US Government is America. The US Government will completely manage the markets by controlling the flow of money from one enterprise to another. Unless you accept free government money and the bureaucracy that goes with it, you won't be able to own and operate a business in the US. Further, you'll have government agencies telling you how to operate your business from day to day, and those officials will expect you to give them generous tips. The US Government will effectively own your business and make your life hell, for the privilege.
At 50% of the GDP, the US Government is strangling Free Enterprise. It is ending Capitalism in all but it's most corrupt forms. It is sucking the economic health out of the nation. And still it must grow. And keep growing.
America's business isn't GM or finance. America's business is government. We're becoming a nation made up of a government and a government that is a nation. America's #1 product even now is bureaucracy, and that is one hell of a growth industry.