Check out this video of when Bear-Sterns was bailed out.

It is humorous to hear the reporter saying that 29 billion to bail out Bear Sterns should never happen again. Ha! Little did he know that well over 1 trillion was in the short term future.

My fellow Americans, if you keep trusting the same politicians and bankers you are going to keep getting the same results.

People start to see where it is going…

In direct proportion to the lowering interest rates in 1994-1999, stock prices shot through the roof. In July of 1994 the NASDAQ (An index of the stock prices of different high tech companies) was at 794. By February of 2000 the NASDAQ had climbed to 4696. Just think of it, for every dollar that a person had in the NASDAQ in Feb of 1994 he had $6 in 2000. Life was great, don’t you remember it? People were getting rich just watching the stock market everyday, it seemed like any idiot could play the market and pull out ahead, which is just what every idiot (and many non-idiots) were doing.

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Welcome to StatesmansStudy.com. I look forward to sharing some of my thoughts about freedom, the constitution and everything else that makes America great.

As all of us know by now, the economy of the United States has been weak recently. In the last year the Dow Jones has lost 40% of its value. The repercussions of such a drop in value on the stock market mean a lot more then that some rich guy got a little poorer. IRA’s, pensions and 401k’s are all invested in the market and this means that a ton of hard working Americans just lost a lot of money, money that was to be used for retirement, personal savings and whatever else they had invested it for.

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