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Tuesday, July 12, 2011

"[For A Lot Of People] It's Going To Feel Very Hard, Harder Than Anything They've Experienced In Their Lifetime Now, For A Long Time To Come"

Many Americans will face hard times for a long time to come.

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Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."

Of course, Geithner is a large part of the reason that it will be so hard.

As I pointed out [2] in May:
Geithner has been a big part of the problem.

He's previously said that his job as head of the New York Fed wasn't as a regulator, even though one of the Fed's core jobs is to regulate. As Dylan Ratigan writes [3]:
In Geithner's own words during confirmation hearings in March: "First of all, I've never been a regulator...I'm not a regulator." According to the New York fed bank's Web site, that was your job!! Quoting from the Fed's website: "As part of our core mission, we supervise and regulate financial institutions in the Second District." That district of course is the epicenter for bailed out banks and billion dollar bonuses.
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3 comments:

Anonymous said...

Criminal Bankers

Anonymous said...

Again I say, Listen to these puppets (the Government employees). They are telling us what the Elites want us to know. They are getting us ready for what is coming.

don't take their words lightly.

Get ready by saving food, water, etc.

lmclain said...

"....for a long time to come." Let me tell you THATS a scary statement from someone in HIS position. Maybe it was a slip of the tongue, but I believe he was correct....it is NOT going to get better, in any aspect. 7:25 got it right. Stockpile necessities. Be ready to protect you and your family....there are going to be be a LOT of other people who didn't plan and going to want (desperately) what YOU have.