Meanwhile, back on Main Street, we continue to deal with increased inflation for gas, food, and other consumables, stagnant wages, falling home prices, and an overall weak and tepid "recovery". Seriously, how many people on Main Street have participated in this rally? Who are you going to believe, the bull market being printed by Wall Street elite, or your own lying eyes?

To add insult to injury, we learn more about how the U.S. Federal Reserve, without any oversight, was able to bail out not only bankrupt U.S. banks, but also many of the largest foreign owned banks as well.

"Six European banks were among the top 11 companies that sold the most debt overall -- a combined $274.1 billion -- to the Commercial Paper Funding Facility...The foreign banks took advantage of Fed lending programs even as their host countries moved to prop them up or orchestrate takeovers."
-Bloomberg

It angers me when our whole lives we are told our actions have consequences, and if we make the wrong financial decisions, we bear the fall out from those decisions. Yet these "institutions" get virtually unlimited bailouts, and face no repercussions for their actions. The Fed argues that they helped stave off a larger financial implosion by bailing the banks out.

The scale of the moral hazard from this is huge. In the real world where human beings live, there are no bailouts, no second chances. It's right in front of our faces, and the jokes on all of us. For some reason I don't feel like laughing.