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Posts tagged: People

Inflationary Holocaust – Jim Rogers – Dollar Collapse – America Bailing Out Wallstreet (Incompetents And Crooks) At The Cost of The People

Inflationary Holocaust. ‘Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market. Rogers said that the only solution to the market crisis was to let failing banks and speculators go bankrupt and stop pumping endless amounts of liquidity into the system, labeling it outrageous that responsible investors and taxpayers are being made to bail out crooks on Wall Street. “The way to solve this problem is to let people go bankrupt,” Rogers stressed, “All of this pumping money into the system is not going to save it – see what the market is saying, it’s saying we don’t buy that, let people go bankrupt,” he added. “Then you will hit bottom and then you start over. The people who are sound will take over the assets from the people who aren’t sound and we will start over. This is the way the world has worked for a few thousand years,” said Rogers. Rogers warned that the reliance on governments printing money would not aid a recovery and would only lead to the problem becoming worse in the future. “We’re setting the stage for when we come out of this of a massive inflation holocaust,” he said. Rogers said that excesses of credit and people becoming over-leveraged meant that they would now have to take some pain. “Never before in world history were people able to buy …

Tags: America, Bailing, collapse, cost, Crooks, Dollar, Holocaust, Incompetents, Inflationary, People, Rogers, Wallstreet

General | admin | January 18, 2011 1:10 pm | Comments (25)

The Tulsa Oklahoma massacre of Afrikan People (Black Wallstreet) 5/12

One of the nation’s worst acts of racial violence—the Tulsa Race Riot—occurred there on June 1, 1921, when 35 square blocks of homes and businesses were torched by mobs of whites. The riot began because of an alleged assault of a white woman, Sarah Page, by an Afrikan man, Dick Rowland. This incident produced even more hatred between the whites and the Blacks even though there was no proof of the assault. The case was simply a white woman’s word against a Black man’s word. The Tulsa Tribune got word of the incident and published the story in the paper on May 31, 1921. Shortly after the newspaper article surfaced, there was news that a white lynch mob was going to take matters into its own hands and kill Dick Rowland. Afrikan men began to arm themselves and join forces in order to protect Dick Rowland; however, this action prompted white men to arm themselves and confront the group of African American men. There was an argument in which a white man tried to take a gun from a black man, and the gun fired a bullet up into the sky. This incident promoted many others to fire their guns, and the violence erupted on the evening of May 31, 1921. Whites flooded into the Greenwood district and destroyed the businesses and homes of Afrikan residents. No one was exempt to the violence of the white mobs; men, women, and even children were killed by the mobs. Troops were deployed on the afternoon of June 1st, but by that time there was not much left of the once thriving Greenwood …