Note: I may be updating this post shortly. This is really just a 1st draft I wrote up in order to get some things off my chest...really quickly.
I'm so PO'd right now over this complete waste of our taxpayer dollars that it's not even funny. Anyway, here' are my current thoughts...
The Facts Behind the Bailout
The government bailout = socialism for the rich...with YOUR money.
The recent economic bailout (with our tax dollars) is complete and utter BS. And just as what they're saying actually caused the economic crisis/collapse is complete BS, so is the action our elected government
As much as many of us would like to believe, it's not just the crooked people of Wall Street, with their golden parachutes and their "I can do whatever I want 'cause I'm a rich and important top executive" attitude that led to this economic crisis here in the U.S. Oh, no, no, no.
The real problem is our current way of doing things. And here are two prime examples:
1.The federal government sticking its nose where it doesn't belong (Exempli gratia, the financial markets).
2. The Federal Reserve printing money out of thin air (which devalues our currency).
A Deep Look Into The Problem's Core
Since the creation of the Federal Reserve in 1913 (no thanks to The Federal Reserve Act, ch. 6, 38 Stat. 251, enacted on December 23, 1913, 12 U.S.C. ch.3), which was signed into law by then President Woodrow Wilson, the U.S. dollar has lost over 90% of its value. And it’s lost around 37% of its value in just the last seven years. Both shameful and frightening, I must say!
In an article entitled, "Gold and Economic Freedom," former Federal Reserve Chairman Alan Greenspan wrote:
"The excess credit which the Fed pumped into the economy spilled over into the stock market - triggering a fantastic speculative boom...The speculative imbalances had become overwhelming and unmanageable by the Fed... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
But here's the funny part: That article, by the former Federal Reserve Chairman, Alan Greenspan, was written in 1966. Yeah, no kidding! And it was written to describe the era leading up to the Great Depression. Gee, sound familiar? Sure it does! And it could definitely be applied to today to describe the grave consequences of having the Federal Reserve...many of which we're seeing again, right now.
Bottom line, the Fed creates these economic bubbles, and the bubbles always burst…just like we’re seeing now.
If we want any sort of a proper and stable future for this country, the United States of America, we need to abolish the Federal Reserve immediately! In addition, our misguided government needs to stop meddling in the financial markets. And here's why...
Sticky Fingers That Just Don't Fix
Fact: Government interference in the financial market is what causes artificial economic imbalances in the first place. Additionally, it makes it virtually impossible for market corrections to take place quickly and easily (as they would in a truly "free market").
Ultimately, this guarantees economic crisis. Again, just like we’re seeing right now.
The bottom line is that we need to get these imbeciles out of office ASAP. And just as importantly, we need to get rid of the Federal Reserve. If we don't, we'll continue to see more of the same...and America WILL eventually collapse.
Fallen Empires - Is America Next?
The undeniable fact is that all empires and great nations fall due to fiscal, financial reasons (the devaluation of their currency, etc). And what we're seeing right now are the first signs of a falling empire. If things don't change, the U.S. will fall too.
Unfortunately, none of our so-called "leaders" are willing enough, or even brave enough to admit that. They want us to believe that America, in all its glory, is untouchable, indomitable and infallible.
But remember, the Romans thought that too. And of course, their empire fell.
For, it only takes a quick study of history and economics to realize that if we don't make some drastic changes, America will undoubtedly be in severe trouble as well. And feeding more money (printed out of thin air) to companies that couldn't operate profitably and responsibly in the first place, is NOT the answer!
It's OUR money, dammit! And we shouldn't just stand by aimlessly and watch as it's flushed and wasted down an endless drain...and funneled into the pockets of the very crooks who are a part of this economic mess. It's time to wake the F up America! And it's time to do what needs to be done!
I’m Aaron Cook, and I approved this message. :P