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A commencement speech all graduates and humans should hear.

Dr. Michael Burry's commencement at UCLA/Economics reveals much as he warns the grads should they choose to enter unholy world of the government/wall street cabal.

Dr. Michael J. Burry left medicine and became an investor.  Turns out this was a real gift as he started asking questions in 2005 and by 2008 made his fortune by betting against America.  Hmmm, too bad the guys in charge weren't smart enough to warn the rest of us of the coming bust.  Remember Ben Bernanke telling you the subprime problem would be contained?  Amazingly, we still look to these charlatans and liars, oops, I mean Federal Reserve and Treasury Department heads when planning our portfolios.  (Hint, ignore mainstream media when making financial plans.)  By the way, after the crisis, Dr. Burry's requests for dialogue with the powers that be were met with harrassment from the IRS, which found no wrong doing on his part, but which wasted your precious tax dollars, dear reader, and brought us further down this dark road of absurdity and despair.  Ah, but take heart, there's an election coming, and aren't we just so lucky....I'm sure this time will be different.

http://www.youtube.com/watch?v=1CLhqjOzoyE&feature=player_embedded

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Richard Schulte June 25, 2012 at 04:29 PM
June, I'm a little more optimistic than you about the future. The TEA party folks have got the right idea. The results of the recall election of Governor Walker in Wisconsin gives me hope.
june shellene June 25, 2012 at 04:34 PM
Hi Richard, Right now I'm researching the pension scandal...apparently many pension funds were forced into investment vehicles, through the usual suspects, Goldman Sachs and JP Morgan, which, as you know, make big money when they bet against investments that they sell to clients. Will be blogging about it after more research. As you know, I don't buy the story...and they've got us at each other's throats while they rake in huge profits. Will be posting on this.
Richard Schulte June 25, 2012 at 04:40 PM
June, your pieces are always short-that's not intended to be a critiicism. I know it takes a lot more time, but I'd like to see you develop your thoughts more.

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