Our leaders joyfully extol the virtues of a globalized world while our industries flee the country like rats from the sinking ship. Captains of industry abandon ship leaving the passengers to flounder in a sea of chaos. The United States has left its position of leadership never to return because we are no longer capable of producing anything but toxic debt instruments and worthless paper investments. Our politicians have encouraged and cajoled us into a Ponzi scheme of debt, debased our fiat currency, and squandered our military might. The politicians wring their hands and talk about stimulus plans and banker bailout plans that have no hope of solving the underlying problem. They hope only to prop the system up for another day so they carry on plundering the system.
Barack Obama is heralded as a grass roots leader beholden to no special interest. A man who will return integrity and openness to the business of governing. Yet within days of taking office the tentacles of corporate influence are working their way through the department of defense. An inauguration which broke records for the number of corporate jets arriving lets us know exactly who bought and paid for the man in the Oval office. No matter how fervent the people are for change absolutely nothing has changed. The faces and names have changed but the agenda is the same and the American people continue to sleep as their country is stolen out from under them.
The engine that has driven our economic development has been sabotaged for the benefit of the very few and unless we allow those who have done the damage to fail we will see our economic system collapse and be replaced with something which will consolidate even more power into the hands of the government. The government should not concern itself with the well being of the masters of the universe who played the economy like a ritzy Vegas casino. The focus should be on shoring up the smallest of depositors in the retail banking sector. The people who have put their paychecks and payrolls into the banks for safe keeping. The people at the top who invested in these mountains of completely incomprehensible credit swaps and mortgaged backed securities need to fail. The stockholders in these banks will suffer but they did not do their due diligence. They invested in companies they did not understand and when the bubble bursts they should not be looking for government handouts.
The fires of this crisis were nurtured and fueled by the very government that is now trying to save us from the flames. The hand of government can be seen in creation of the housing bubble through the policies of Clinton’s flunkies in Housing and Urban Development who said it was the government’s job to encourage everyone to own a home. With the seeds of the housing bubble planted and the lending industry encouraged by the government edict to get people qualified for loans and a complete lack of oversight the weeds took over. Mortgages were made and then packaged into AAA rated debt and sold into the market as if they were as good as gold. This false gold has destroyed the free market and instead of putting our faith in free market principles president Bush rejected the free market and embraced government intervention and socialism to protect the wealthy. The end is near my friends and government will not and cannot save us.
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