The Famous Founding Fathers had their heads screwed on right. They knew not to trust anyone with too much power including the yokels who would vote, so they put the Electoral College between the lever of power and the outcome, to veto the vote. So the yokels in Peoria pull the voting lever, but the Republic is ruled by lower house of Congress who are circumscribed by the Senate who are vetoed by the President who is Non-constitutionalized by the Supreme Court who are impeached by Congress who are turfed out by the riff raff at the next election.
< almost a dime a dozen
politicians in philippines and indonesia are much more expensive, and effective ;0)>
See, cheaper by the dozen, and less effective. Perfect!
American competitive crony capitalism means no one person can loot too much. But the system ensures the local yokels don't keep too much of "their" money because they'd only drink it, eat it, buy another SUV, or pour it out the exhaust pipe of an over-loaded 747.
Stack it up in the "right" bank accounts and build some cool gadgets like Hubble, Cyberspace, DNA engineering, NASA is better. We capitalists know to look after money properly, with tender, loving care. Goldman Sachs and co stack up mega$billions of the stuff and guard it jealously.
When all this is over, there will be $trillions more and Goldman Sachs et al will bestride the planet with their grasp. Lehman Brothers, Bear Sterns, GM, etc, owners, management and staff will have jobs more suited to their talents.
It's fun watching the hyperdrive engine room of financial relativity theory accelerate Space Craft Earth to hyperspeed away from the event horizon and into the wild blue yonder where the sky is the limit. Big Ben said there would NOT be deflation, there would be fleets of helicopters providing lift, and so there are.
Dow 16,000 here we come. First, I expect to see another challenge to test the flimsy financial foundations of finangling fools. But three years into the collapse and there is barely a hiccough, for most people, for the most part, overall, in the grand scheme of things. Deflationary implosion into zero reset sub event horizon carnage has not happened and each day that goes by means it's less likely to happen.
We are now nearly 4 years post peak for HOV, TOL and the housing frenzy: finance.yahoo.com One more leg down should just about do it. 5 years is quite a lengthy market clearing process.
Gung Ho,
Mqurice |
