|The "Fiscal Cliff": Is the Media Asleep -- Or In on the Scam?|
|Written by Jeff Koopersmith|
|Saturday, 29 December 2012|
Ask yourself this simple question:
"How much could I earn if I was an investment pro betting on currency and stock trades by simply following the sitcom we now know as The Fiscal Cliff?"
I asked that question to eleven currency and stock traders and three highly placed executives at two highly reputed investment banks.
For the sake of dead tree newspapers, cable news "infotainment" celebrities, and broadcast news divisions in general, Llet me put their answer in a nutshell:
"Of course people are trading the dollar and dollar sensitive stocks down every time these clowns refuse to come to the table and agree. Billions upon billions are being traded up and down on this Fiscal Cliff circus, and no one knows better how to finesse it than most members of Congress and their staff."
My gosh! Is that what's happening? In some ways that makes sense. Why would even the most ignorant tea party member want to put the American economy in danger? To make a million or two?
And why are the stock markets still in record plus territory if any of this is truly serious? Are the mavens betting it's a ruse? Or are they simply following the news and trading by the "writing on the wall"?
I don't know the answer, but I do know that nothing makes sense when you read the explanations of this budget and finance ware offered by the "pundits" who have no idea what they are talking about in this arena - no idea at all.
I also wonder if our FBI is looking into this matter.
They should be.
We have caught members of congress trading on Wall Street using inside information - why not stretch what appears to be "outside information" for as long as possible?
How much money could be made if we actually stopped paying our debts?
You couldn't even count.
Something is rotten. What it is, I don't know.
If you know, write me care of American Politics Journal. We've been around since 1988 seeing things more clearly than most.
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