Be Very aware.

Kia Ora,

Be very aware of what your governments are up too.

Not just governments but groups there supposedly to protect you. In the US the SEC which sets the rules for such things as investors has made it legal for institutions to freeze investors funds & are targeting pension funds to pay for loans to the big banks that were bailed out, to buy the smaller banks that are going under.

In 2008 25 banks went under in the US, 141 in 2009 & so far this year 41. Recovery? Yeah right.

It has also being realised that in the US that social security this year will cost more than the amount of money taken in by the US government. That was a line that they had forecast they would not reach until 2016.

Governments around the world are trying to think of ways to pay for the interest payments they have to pay their central banks for borrowing the money, the banks print for them.

That is the reason you pay tax to pay for the interest on the borrowed money.

That is why you have some governments taking austerity measures to try & cut back on expenditure & others with just borrowing more & more to give an impression of things are normal.

In the US there has just being an extra US$400 billion given to Freddie Mac, Fannie Mae & Ginnie Mae to keep the housing market at least looking not as bad as it is.

All the banks bailed out are paying back as required, but these are getting rid of of their bad mortgages which are then bought with the money given to them by the above agencies.

In the meantime the big bubble in derivatives looks more rocky with its quadrillions in investment & they try to begin new markets.

What new markets? ETS (Emission Trading schemes for a start) to supposedly make the world greener, but only a way of creating money out of nothing. There were reports that Al Gore & cohorts are the ones most profiting from these schemes.