We often deceive ourselves that all is well with the economy, and ignore the fundamental flaws that are a source of growing discontent.

Wall Street but has done NOTHING whatsoever for the real economy. Every single sector of the real economy is deteriorating whether it is production, unemployment, corporate profits, real estate, credit defaults, construction, federal deficits, local government and state deficits. Millions will use up their unemployment benefits, will be without a home and we are in recovery? HAHA.

The banking institutions are running the show and calling the shots. Not only have these con-artist criminals reaped the benefits from manufacturing and peddling toxic financial products (receiving bonuses and stocks in the trillions). But they are also the only ones benefiting from the trillions of dollars that has been printed by government to rescue the financial system. Why are the bankers benefiting from the rescue of their own banks? Simple, because they are the ones controlling the government, (think GS & JPM) advising the government and making major contributions to all the political campaigns. The government has spent trillions of tax dollars temporarily propping up a totally bankrupt financial system. This ponzi scheme has been going on for decades and those opposed to the corruption have been murdered. The entire system is still over-leveraged 20-50 times its actual value. The banks are still full of toxic debt and derivatives, and worthless paper assets valued at fantasy prices. We will NEVER solve any of the problems until a real leader is elected who demands change (like Ron Paul) who is willing to put the countries needs ahead of the criminal bankers, and their own political ambition. We are being destroyed from within.

What are some solutions? Impose term limits on Congress no senator shall be allowed more than 2 terms. That way at least some integrity would be preserved in the system and we would not have career corrupt politicians ruling the country. Make it mandatory that all bills brought to the floor are available to read for at least 14 days prior to a vote. Also allow these bills available to the public! Allow the free markets to actually work. It has been proven time and time again that a free market is the ultimate regulator and will ALWAYS find a way to correct itself. No public or private entity would grow too large to attract the necessary capital to grow productively. Competition would bring down the overall price on consumer items, and other necessities such as health insurance.

In the meantime, the Lloyd Blankfein’s and Ken Lewis’s of the world will continue gloating about how stable their businesses are based on optimistic future projections, while refusing to acknowledge the incoming tidal wave of future losses. Merely passing a law does not fix any problems; just as throwing fiat money at a recession does not stop it. Removing government power to manipulate money, removes the temptation for government to spend, print and cheat. We won’t ever have a society, founded on truthfulness and decency with a select few out to loot the country into obviation.

This administration like previous ones has shown absolutely no fiscal restraint. With much of the federal budget going to “mandatory” entitlements (Social security, Medicare, Medicaid, pension funds) it will only get worse as government grows and baby boomers near retirement. The bottom line is that Washington has caused a majority of the problems today. We need to go back to the US constitution to govern this country the founders would be ashamed of how far we have fallen. The dangers of excessive and unwarranted concealment of prudent facts far outweigh the dangers, which are sighted to justify it. Call me paranoid, cynical if you want but I am looking at the big picture.

ImpendingDoom

Related Posts:

• This economic cycle of inflation and deflation is ridiculous
• This just blows my mind! The table below is a list of the total derivative holdings of the top 25 holding companies as reported by the OCC (in $TRILLIONS).
• “Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.” - Ron Paul
• Big money getting out of the way the last two days…
• Ron Paul: Geithner Should Be Fired Over Bankergate

Leave a comment