"HOW I LEARNED TO STOP WORRYING AND LOVE THE MELTDOWN" GARY NULL ON the Wall Street Debacle
Fresh off the FM RADIO, famed healer philosopher, liberal activist Gary Null says Don't worry, The Stock Markt Crisis and the Wall Street meltdown won't hurt you at all.
He goes on: "Do you know that Wall street doesn't help the popular economy one bit when they're making money? Oh a few owners of War Toy corps do well, but most of us have not been affected by Wall Street ups and downs unless we invested with them. The changes will always be slight.
You may not travel to the big city for inflated vacations or visit the West COAST, but Middle America will learn to enjoy "staycations" or days at the beach. The meltdown won't make a big difference in your life. Th profits of teh MASTERS of the UNIVERSE only trickle down to a few yuppie restaurants in NYC.
He was on http://www.Kpfk.org Sept 24th, 4 am. Turn it on if you're near the PC. If not, they usually post it as an audio file the next day. And he says next Tuesday night late, really it's WEDNESDAY MORNING EARLY, he will do another show. It's always around 7 am NEW YORK TIME. He's live by telephone to California Radio host, ROY TUCHMAN. So next Wednesday dawn. 2nd OCTOBER, 2008.
Now, he goes on. THE BANKS were idiots. They were greedy, they lent money recklessly as they were deregulated by Clinton Gramm. They seem to have taken a good deal of the 'hit', too. That is more likely to affect everyman. Your business perhaps can't get loans. The business will have to learn to expand on its own dollar. Not by borrowing. No biggie.
What the GOV needs to do instead of a bailout is to employ all jobless folks who want to work, almost entirely DUMP war toy dollars, and with that cash, put poor people to work building much needed infrastructure: gas lines, water lines. Stop all foreclosures.
He goes on to say, DO NOT let the POLITICIANS bail the finance industry out. Make each politico reveal his secret ties, his vested interest in Wall Street. Remember, these politicos who talk paying the CHEATING CEO's are the same folks who brought us the Iraq war and deregulation of banking. The entire FINANCE community only hires 132,000 people. If they crash and burn and their corporations with them, it won't hurt us. Don't allow the bailout legislation. Talk to your Congressman.
How to protect yourself? Cash is the best thing to have on hand. Go without stocks, funds and interest. Get your money out of stocks and into euros mixed currencies, those are stable. (He doesn't tell us how to do that.) I have a friend who bought DINARS a few years back. Wonder how her purchase is doing.
He mentions there are today 10 million millionaires and a thousand billionaires. Those millionaires are in hedge funds, they're going to go broke. Hedge funds have lost 500 billion dollars. People with ten mansion have no cash to eat. So pity them. You're fine. The only problem is they tend to knock on your door looking for food.
NEXT WEEK, TUESDAY NIGHT LATE, GARY NULL is dedicating the whole show to THIS THEME, THE AMERICAN WALL STREET MELTDOWN. "HOW I LEARNED TO STOP WORRYING AND LOVE THE MELTDOWN"
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