Charlie McGrath gives us a follow-up tour of a shopping center in Denver and provides his insights, commentary and forecasts for the economy.
The reality of it is, the economy is getting better for a very select few – the too big to fails – they’re doing just fine. They’re going to pay out $144 billion in salaries this year. It’ll be a record again over last year’s record year.
The reality is, the real economy is withering and dying.
You can look around and see that there is no real activity, no growth, in this consumer economy because it is dead. The mainstream media and the powers are going try to convince you that Dow 11,000 means they’re on the right track. But, unfortunately it’s going to continue to get worse and worse.
We will have a point in the very near future where there’s going to be a politician, maybe the President, coming on television saying that we have to bail out the banks again because this mortgage debacle is going to freeze this economy. Once again we’re being setup to bail out the too-bigs-to-fail.
Meanwhile, 100,000 foreclosures in the month of September, wages are still falling, employment is still languishing and dying.
But, the drum of 11,000 Wall Street is going to be pounded so that the Sheeple can feel that there is actually some growth in this economy and things are getting better.
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