Commentary: A Smattering of News, Perhaps Serious

Commentary: A Smattering of News, Perhaps Serious

An Interesting Bank Adjustment
#1150c
John W. Ritenbaugh
Given 30-Mar-13; 13 minutes

listen:

description: (hide) John Ritenbaugh, reflecting on the grim economic situation in Cypress, in which the European Union has literally pillaged the wealth of private citizens, returning depositors only a fraction of what they have in the bank, warns us that the Federal Reserve has plans to do the same thing to United States citizens in the wake of a deteriorating economy brought about by the installation of new socialist (Marxist) practices of our current administrations. The Gross National Product has been flat since Obama took over. Socialism cannot create wealth; it can only take from the productive and give to the unproductive. The movers and shakers of this economy (the billionaires and investors) are removing their money from the stock market, expecting the dollar to crash and burn.