Monday, October 12, 2009

Money and Markets - Martin D. Weiss, Ph.D. | Dangerous Unintended Consequences

10-12-09 - Martin here with an urgent update on the next phase of this crisis … Fed Chairman Bernanke and Treasury Secretary Geithner are in for a rude awakening. Even as they declare “victory” in their battle against the debt disaster on Wall Street, they face defeat in the war against four dangerous, unintended consequences on Main Street:

Dangerous Consequence #1
Fed Rewarding High-Roller Gamblers,
While Punishing Prudent U.S. Savers!

Dangerous Consequence #2
U.S. Treasury Gobbling Up Available Credit,
Crowding Out Nearly All U.S. Businesses!

Dangerous Consequence #3
Wall Street Traders Reap Gigantic Rewards;
Average Workers Face Worst U.S. Job Market Ever Recorded!

Dangerous Consequence #4
The Debt Crisis of 2008 Has Now Been Transformed Into
The Dollar Crisis of 2009-2010!