It’s 2008 All Over Again… Only Worse

Saturday, April 30, 2011
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
04/30/2011

Bernanke and pals wanted to recreate the same booming leverage and fiscal insanity of the bubble years. And they’ve done that in a big way. Among their various successes:

§ Commodities are at levels not seen since 2008.

§ Gas prices are at levels not seen since 2008.

§ The US Dollar has fallen to levels not seen since 2008.

§ Bank leverage is at levels not seen since 2008.

§ Microcap stocks are at levels not seen since 2007.

§ Wall Street bonuses are at levels not seen since 2007.

It’s really striking the similarities. And all the Fed and US Government had to do was:

1) Make itself insolvent

2) Bankrupt the US

3) Spend Trillions in Bailouts and Stimulus

4) Trash the US Dollar

So what’s the difference this time around?

The Rest…HERE

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