A major market correction is inevitable.

There’s a false sense that it’s over, that the crisis is passed. The bailouts have merely postponed the inevitable. We are in for another day of reckoning down the road. The greed on Wall Street is so pervasive, gluttonous and obvious. It has been a total collaboration of arrogance, greed, fraud, manipulation, and pulling the wool over the “sheeple.” The only difference I see between the big banks and organized crime is the Mafia’s willingness to murder people to accomplish its objectives. These partners on Wall Street help organize the predatory activities of individuals against each other to make life prosperous for their few.

The Wall Street tyrants believe the status quo is inherently right and must be maintained at all costs. They have been willing to artificially create the illusion of continued prosperity. They are willing to violate principle just to keep the bubble inflated and the illusion alive. We have given a free hand and a blank check to government to spend however much money they want with no oversight, no accountability This is done all simply for the sake of saying keep us asleep and in the dream bubble. Government is willing to reward failure and take from people by force money to put into the pockets of those who have made wrong decisions. They do this to somehow negate the consequences of their actions. It appears that a few arrogant Wall Street financial titans who thirst for possesses and position in life at any cost have redefined greed as “obscene” with no apologies to the contrary.

Not surprising, the majority on Wall Street are selfish, highly absorbed, and engage in criminal activities on a daily basis. They do not conduct nor have the capacity to lead lives according to accepted moral codes and standards of behavior. Worst, these narcissists do not consider their behavior as dishonest. Corruption to these narcissists is an act of entitlement. When accused of cheating, they believe that the world owes them and they are the victims not the wrongdoers. Thus, it really is concealed criminality made credible by the willingness and compromise of government. The result, of course is the willingness of citizens and taxpayers to tolerate coercion and deception and permit Wall Street banks to get what they want.

I have to ask if finance is the “lifeblood” of our economy, then figuring out new ways to pump blood through the economy should foster investment, entrepreneurialism, and progress. Right? Sadly, the only innovations as of late from the financial sector have been negative-amortization mortgages, collateralized debt obligations, and credit default swaps, among countless others. All this “brilliant innovation” that was praised by the media has increased costs and risks for both individual consumers and the global economy. The financial sector has devoted a great amount resources and time to tilting all playing fields in their favor. Consumers were taken advantage of; great risks were taken, with the downside handed off to the taxpayer. Come on… how stupid do you think we really are?

Basically what it boils down to is we, especially you folk in the media have dumbed down people into thinking they are too stupid to know what to do. And then our only role as “citizens” is to elect those people who are “smarter” than us. I don’t mean to sound cynical, but it’s highly ironic to me because some decisions in life do not require a lot of discussion. So how can you have a government of the “people” if you have to have a PhD level equivalent of knowledge under the sun if that’s the requirement of being a leader? How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it with to protect? The great threat to freedom in this country is the concentration of power.

I have to show a bit of skepticism towards the “recovery” and approach any definitive statements from investment bankers, the Federal Reserve or the mainstream media with infinite caution. The amount of risk-taking that the finance sector and Wall Street can pursue remains mind-boggling. History shows us, that no country can continue to add to its debt relative to GDP without adverse consequences.

To support short-term and ultra-greedy capitalism instead of democratic capitalism is to support concentration of wealth that has resulted in restrictions on economic freedoms and global social restlessness. Firms who seek to earn income through manipulation or exploitation of the economic environment, rather than by earning profits through economic transactions and the production of added wealth should be called out. This very corruption and manipulation continues on a daily basis yet you guys in the media continue to give corporate America and this administration a free pass. It’s time we as citizens of this nation start working to restore the balance that the American economy needs to produce long-term, sustainable growth.

ImpendingDoom

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