People lost trust in government

Years ago I knew a couple that traveled a lot. After each trip, I would individually ask each of them how the trip went wanting to hear all the details since they went to very interesting locations. It was like listening to two different trips. One had a great time, the other a horrible time. Over the years, I began to realize both versions could not be trusted to be the truth. I stopped believing, and stopped asking because it was insane to listen to.

It has been implied on this board that GM bondholders might never agree to swapping debt holding for equity because they will be assured to collect their insurance policy from AIG. Is that true for all, some or any? I don’t know. It certainly seem plausible. So if bondholders will get something for their investment better they stay pat with their bonds rather than take a leap of faith and convert to equity holding.

I have been the stockholder that got stuck holding the bag when a tech company I owned went belly up. The really lousy thing is that after a year or so they started over again and issued new stock and the stock soared. The company would fall apart again and thus another round of stockholders coming up with zero.

I do not trust our president. The previous one I didn’t trust either. The one before that I didn’t trust either. I might like somebody, but trusting is separate from that. Oh, I don’t trust our government as a whole and thus this president isn’t being singled out. However this president swore he would bring about positive change and thus far his policies are so at odds with mine I can see I will once again lack representation.

“When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.”

- Declaration of Independence

Related Posts:

• The unanimous Declaration of the thirteen united States of America
• Pursue your happiness. Government is NOT there to give it to you!!
• We know how it started and how we got here(short version):
• Get ready America - you’re about to get it in BOTH holes this time.
• The latest from Richard Russell posted this afternoon:

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