Attack of the Bloated Leeches
Why Does the Economy Suck part II
Why is Wall Street awash in money and Main Street broke? Because the Federal Reserve has printed money like a group of counterfeiters and pumped trillions of dollars into our banking system in an effort to revive our failing economy. Why was this done? In response to the Housing Bubble that was created by exactly the same process. Which, of course, was a response to the Dot com. Bubble. It is a never ending series of bursting bubbles created by reckless banking policy, directed by the Fed and enabled by Washington.
You see, the average American is broke and has rotten credit, meaning; that the only people left who can turn a buck and churn the economy are the Wall Street money men. So, the Federal Reserve creates money out of thin air and lends it to other member banks, who in turn lend it to other powerful financial institutions. All of this is done with the hope that they'll pay back the borrowed money with a little interest—very little interest, that is. It's about as safe a bet as they're gonna get, especially when you consider the government frequently guarantees the bank's risk with taxpayer money. I mean, come on, why not, the public's apparently never going to recognize who the bad guys really are, namely the politicians who make the laws, break the laws, and then rewrite them as necessary.
Make no mistake, this isn't Capitalism and the rule of law. It's a socialist or Fascist oligarchy (frankly, there isn't much difference) with bankers and Wall Street money men lining up at the government trough to get a piece of the pie. That's why Main Street is broke and Wall Street thrives like a bloated leech attached to a willing host.
Here's the solution, take government out of the equation and you take away the taxpayer guarantee that enables these men to behave very badly. Left on their own, they'll do what banks have always done, they'll lend cautiously! After all, if it's their money, they'll likely be cautious as hell. But, as long as the government can convince you that they're only there to help with the continuing mantra “just give us more taxes and more power” it will never change.
The solution is simple! Get government out of the “business” of business. If not, it will get exponentially worse. And then, we can all congratulate ourselves on a job well done as we walk hand in hand through the wreckage of a once great nation.
You see, the average American is broke and has rotten credit, meaning; that the only people left who can turn a buck and churn the economy are the Wall Street money men. So, the Federal Reserve creates money out of thin air and lends it to other member banks, who in turn lend it to other powerful financial institutions. All of this is done with the hope that they'll pay back the borrowed money with a little interest—very little interest, that is. It's about as safe a bet as they're gonna get, especially when you consider the government frequently guarantees the bank's risk with taxpayer money. I mean, come on, why not, the public's apparently never going to recognize who the bad guys really are, namely the politicians who make the laws, break the laws, and then rewrite them as necessary.
Make no mistake, this isn't Capitalism and the rule of law. It's a socialist or Fascist oligarchy (frankly, there isn't much difference) with bankers and Wall Street money men lining up at the government trough to get a piece of the pie. That's why Main Street is broke and Wall Street thrives like a bloated leech attached to a willing host.
Here's the solution, take government out of the equation and you take away the taxpayer guarantee that enables these men to behave very badly. Left on their own, they'll do what banks have always done, they'll lend cautiously! After all, if it's their money, they'll likely be cautious as hell. But, as long as the government can convince you that they're only there to help with the continuing mantra “just give us more taxes and more power” it will never change.
The solution is simple! Get government out of the “business” of business. If not, it will get exponentially worse. And then, we can all congratulate ourselves on a job well done as we walk hand in hand through the wreckage of a once great nation.