Economic Collapse by Norman Livergood

Dandelion Salad

Lots of photos/pictures and links so please continue reading at the original source. Someone please tell me why “the profits are private, losses are public”? ~ Lo

by Norman Livergood
Hermes Press
July 2008

Capitalism has struck the deadly ice reef of corruption and is now sinking fast. But passengers of the American ship of state–already drowning in the murderous waters of loss of homes and jobs–are still believing politicians’ reassurances that nothing’s really happening.

The lifeboats, courtesy of the Federal Reserve and the U.S. treasury, are “saving” big financial institutions: Fannie Mae, Freddie Mac, Bear Stearns, IndyMac, and a host of others to the tune of 400 billion dollars so far.

Most Americans have become so brain-dead that they’re not aware they’ve been thrown into the freezing waters by predatory capitalists.

…continued at http://www.hermes-press.com/collapse.htm

see

Swan Song for Fannie – Eulogy For The “Ownership Society”

What is Socialism? (archive of posts)

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