http://www.financialsense.com/fsu/ed...

Point # 2 – In financial markets, all men are not created equal

"...Realize that at the highest levels, the true story of money is dirty. Think about it. When Bear Stearns, one of the top five-brokerage houses in the US, collapsed recently, did people start scrambling to get out of their buy-and-hold strategies? Did they start to ask a lot of tough questions? No. Why? JP Morgan, a firm with a long history of “rescuing” other banks, was going to bail Bear out.

Never mind the meetings with Treasury officials over the previous weekend to talk about things too sophisticated for the masses to understand anyway. All we know is that JP Morgan initially announced that they would only have to spend $236 million to buy out the entire brokerage house. Of course, the Federal Reserve loaned JP Morgan $30 billion to “stabilize” the situation. Did most investors understand that in so doing, we were ultimately paying for the deal through a decrease in the value of the US dollars currently in our pockets? When average Americans fall behind on their debts, banks begin charging us 31 percent, and we are hounded by bill collectors. When major banks fall behind and lose billions, the banking cartel creates money out of thin air and gives new loans at 2.25 percent to its favored members. Does this sound sustainable to you? Does it build confidence in the system?"