Wednesday, May 30, 2012

Bad Joke

Greetings good citizen,

A quick check of the stock markets shows us another day of bleeding from the eyesockets for markets worldwide.

And what would one expect, the global economic desert isn’t restricted to just the labor markets!

The ‘source’ of our current worldwide financial collapse started twenty years after the end of the second world war, when the completion of rebuilding a bombed out Europe caused investment opportunities to ‘dry-up’.

This is the same source that created what became known as Happy Days for the sole survivor of that European war, the USA.

During the post war period, jobs went begging. There literally weren’t enough workers to keep things going.

This led to better benefits and the steady rise in living standards we all take for granted today.

But was this just a historic fluke? The short answer is no. We could have enjoyed lifestyle improvements introduced in the fifties long before then, but the same fucking greed heads who want to push us back to living in mud huts kept them from us.

They were ‘afraid they’d spoil us.’

With that thought firmly in mind we move on with today’s offering :
The title of Ferguson’s book certainly gets the reader’s attention, and he powerfully delivers the goods, with a scathing, detailed history of what led to the biggest financial disaster since the Great Depression. Ferguson takes the reader on a revealing journey -- a sordid and corrupt trail that leads from the Pandora’s box of deregulation from 1980 through 2000, through the two major economic bubbles. The first was the stock market bubble of 2000, exacerbated by the terrorist attack on the World Trade Center. Then came the much larger housing/mortgage bubble, fueled by sub-prime lending and the emergence of a host of new esoteric financial tools, meant to protect investments -- in fact, they did the opposite, provoking the financial crash.

The economic disaster was driven, Ferguson writes, by a combination of “very low interest rates, pervasive dishonesty through the financial system, massive lending fraud, speculation, demand for high yield securities, and not insignificantly, a squeezed American consumer desperate to maintain living standards, and told by everyone – including George Bush and Alan Greenspan, the brokers and the banks, that home borrowing was the way to do it.”

Along the way, Ferguson debunks the right-wing meme that Freddie and Fannie Mae caused the bubble; he holds the pure private sector responsible, especially its least regulated shadow banking parts.

As we can see, Reaganomics failed. All of the liberal hatred and gay bashing are intended to distract the rest of us from the failure of conservative ideology.

A conservative ideology so ingrained in the power structure that the media blindly protects it.

But wait a moment…what’s that you say? Reganomics WORKS?

It’s just that the outcome of Reganomics is so ‘anti-social’ that it would never sell if it weren’t camouflaged as something else!

Thus do we have the world’s greatest scam ever perpetrated upon a civilization.

And now that civilization is collapsing.

Which is neither here nor there good citizen because in the end the question remains; will YOU survive the collapse of civilization?

Yeah good citizen, at the end of the day the very same self-styled ‘pranksters’ are going to accuse you and I of failing to protect ourselves from being ‘scammed’.

Yup, this was all 'our fault'!

And somehow making it illegal to scam on such a scale would never occur our once fine legal minds…would it?

Free Speech is sacrosanct, you can’t muzzle Liberty (like you regularly muzzle the truth)…you despicable fuckers!

Which is to point out what you already know, we are dealing with unadulterated evil here, good citizen.

There is nothing to ‘redeem’ (although they would all offer us wealth beyond our wildest dreams if only we would spare their children…)

And it ain’t gonna happen because that wealth already belongs to ‘us’. It isn’t theirs to give.

Yet another thing they must laugh themselves breathless over.

Well, the day is rapidly approaching when they won’t be laughing much longer.

And they will learn the true meaning of the term 'being hunted to the ends of the earth’.

We have arrived at a ‘make or break’ point for our species. If we don’t turn our current situation around it will be ‘game over’.

And I, for one, actually like ‘us’ and think we have the potential to be great, someday.

But first we have to remove the few who think this whole thing is a joke from power.

Thanks for letting me inside your head,


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