RDG........Give a look at it in this perspective. Reagen and Bush were the fathers who started this deregulation, and look where its brought us 30 years later............We have 6 to 700 trillion in derivatives floating around in the global markets today............this is a govt with tiers, a govt operating within the govt, like the stock market, a market that operates within the stock markets that controlled by those of wealth and power.
People who worked hard all their lives and saved their money and never trusted the stock market or banks still have their money to retire on, and their homes.
Its these things that control the economy except for the many successful businesses that are private and are not as dependent on what happens to public companies or their stock prices.
Banks have offered little to nothing for their customers for years, except charges, credit cards, and debt with high interest. The ones that were and are public was, and are as glutenous as any on Wall Street.
2 things my mom said to me years ago the only 2 real things we can count on from the govt is when one party isn't wanting to send us to fight their wars, the other will want to tax us to death...........and this will be a part of all this, even if it comes in various other forms than what we not might expect to see. Hidden taxes.
The only war that declared against us from another nation was WW11, and the others can be judged by the motives behind them.
We cannot solve the worlds ills. We know what the French did to the people of Vietnam, and all they were asked to do is leave. Afghanistan should have been dealt with at the time after the Towers fell. There never will be peace in this world, and if for some reason we are led to believe there is peace when there is none, it will be like the calm before the storm, like whats happened here in our markets, that some 15 trillion or so of America's wealth has been lost in the market over a 2 year period like it never happened, and America should again start investing in stock. There will be scape goats, and issues to try and get the peoples focus on various other things, so all this can be put behind us, but know what?, this time I don't think it will. How many times can the boy cry wolf?, how many times will the American people settle for a govt that is self serving?
Obama publicly stated that stocks are now cheap. Something he should not even insinuate. That may be and rightfully so considering the money thats been extracted from those controlling it how could they not be?.
This was predicted, but no one really knew how it would occur?.
What we are hearing now is that we need to return to business as usual. Put in the Uptick rule, the Ceo brain surgeons should earn tens and hundreds of millions a year, but do you know that Neuro-Surgeons on average earn $2.5 million a year before taxes?.............the best brain surgeons, the best heart specialist, the best orthopedic surgeons earnings don't come close to what these people rake in. The people who work for these financial programs rub shoulders with these people all the time, and are in many ways connected, or have been connected, may become connected to that big money themselves.
Look at Cramer, and the people they cater to on Cnbc, its the same on Bloomberg, the same abroad. Madoff was given a platform on their show at one time, Skilling, Lay, B.Edwards, Kozloski, the list has been endless over the years.
The media can be just as twisted, depending on which one we listen to, one can be as sick as the next. Its hard to find unbiased news, I think Lou Dobbs may be an exception because he projects what most Americans feel and think. Something we would be hard pressed to find in our govt officials, most are as disconnected from us as the fish that live on the bottom of the ocean. Term limits are decided by them not by us.
The best we can do is to beat them over the head as often as we can by letter, printed, and mailed, and look for other means to get things heard from the American people, and passed into law as opposed to allowing them to impose all their laws on us that often serves and protects the very people who are given this country served up to them on silver and gold platters. What we live under is A Govt of Plutocracy.
Captialism in this form serves only them. How many bonuses do most of us receive regardless of the production, and regardless if we get better at it year after year making the companies we work for more an more money?. This is all Wall ST bullshit!.............
Even in our small towns and cities, the people don't turn out as they should during election times, nor do they insist on getting their voices heard in the townhalls, and the reason why we end up with the Mayors and city councilmen who just want to be served up a paycheck.
It can be the same for why we get the Governors we do, the people in the State are really not paying as close attention to them and what they do, and often they continue to get re-elected by the same system.
AI
