Where's The Missing Money?

Almost everyone I know has that little voice in the back of their head telling them what to do when making important decisions that could affect others. The ethical ones usually have a voice telling them to think about others first, and to do the right thing. The unethical ones voices seem to tell them to think only of themselves, and to just "Do it!".

So, when I recently read about Jon Corzine, other Wall Street leaders, and their minions conveniently losing their memories or pleading ignorance during Congressional testimony, I wonder what their little voices tell them before they make their important decisions?

FOMC Statement

Looks like the markets weren't pleased with the Federal Open Market Committee (FOMC) Statement today. According to an excerpt from the committee statement -

Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but business fixed investment appears to be increasing less rapidly and the housing sector remains depressed. Inflation has moderated since earlier in the year, and longer-term inflation expectations have remained stable.

But, the by the looks of how the markets reacted today, investors aren't believing whatever the Fed has to say, or perhaps they thought this is what the FOMC actually meant to say -



Regardless, this isn't Kansas. I'm still holding long and not as fearful as most investors.

I'm expecting the stock market to turn around soon at this stage. I have a few select stocks on my radar screen that I didn't capitalize on during the previous downturn, and will take a position in one or more of them if their prices continue to drop further.

60 Minutes: Prosecuting Wall Street

Nothing anyone says about the 2007-2008 financial crisis outrages me anymore. I've already been convinced years ago that we Americans don't live in a Republic or a Democracy, but instead are ruled through Corporatocracy. Simply put, the criminals run the show, and will continue to do so until the whole system eventually comes crashing down because of their actions.

But, for those who think otherwise and still have faith in the system, I thought I'd post these two ironically-sponsored 60 Minutes videos entitled, "Prosecuting Wall Street", that support my views.

America's Next TARP Model

The secret is out, and yet, there's greater outrage being directed towards the OWS protesters.

Bill Moyers Is Back

Bill calls it plutocracy, I call it corporatocracy. As you may have already heard, Bill Moyers is coming back in January with a new series on the public television station nearest you. Welcome back Bill!


Bill Moyers Essay: Plutocracy and Democracy Don't Mix from BillMoyers.com on Vimeo.