From Lemetropolecafe:

Cops n' puppets

Bill,
The crime syndicates on Wall Street operate knowing the police are AWOL. The problem is so out of control that even if the SEC and CFTC were doing their jobs they would be overwhelmed. Why would ANY corporation play by the rules when everybody else can commit fraud and not only get away with it, but get a bailout to boot?

As long as the cops on the beat look the other way the looting of the U.S. Treasury will continue unabated. Anybody believing there is meaningful change coming from Washington will soon be disappointed. For true change to happen there needs to be 100 Federal marshals, along with a battery of AG's and prosecutors descend upon Wall Street and seal off every financial building. Snowball in hell describes that possibility.

Every new day brings the U.S. to another economic brink, and another "too-big-to-fail" entity shows up at the steps of the U.S. Treasury. Every day gold and silver are repelled to maintain the fraud. When I compared these rigged markets to the WWE it was being totally unfair to the WWE. At least THEY occasionally APPEAR to be fair. Whoever said ignorance is bliss never experienced Jon Nadler and Dennis Gartman. It is important to remember when watching a puppet show that the voices are coming from behind the curtain, and not from the actual puppets. Puppets with wooden brains are incapable of independent thought. Once they are of no use to their puppet masters they will be acrimoniously tossed in the closet like lumps of cloth. Ignorance will be LETHAL for anyone naive enough to be bamboozled by this charade.

The incredible leverage of derivatives has permeated every nook and cranny of the planet. You could literally throw a dart at a dartboard of economic sectors and on every single toss it would land on a nightmare scenario. Dangerous levels of leverage is by no means limited to financial markets. It includes local, state, and federal government, colleges and universities, residential and commercial real estate, municipalities, utilities, the auto industry, the insurance industry, and many others too numerous to mention. You can hand out 20 trillion in bailouts and there will still be plenty of people standing in line for more. In truth there is NO debt, private or government, currently worthy of AAA rating. Try as they may to discourage us gold is still the only true AAA rated investment.

James Mc