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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (95929)	7/30/2008 2:11:36 PM
From: benwood	Read Replies (2) \| Respond to of 110194

I don't think they really care about who they blame, or if they are blamed. Every calamity is a new opportunity to funnel money to their handlers, be it Bush or most members of Congress, or to expand the state to absorb a greater proportion of American's income (or future, via debt burden and collapsing dollar). Greenspan for his part was like a drug dealer: an enabler of the worst sort. He created the Goldbrick road for the corporate representatives to race down. Katrina == opportunity Iraq == opportunity that just keeps on giving Remove banking and investment banking restrictions == opportunity, plus paves way for future expansion of state and further transfer of wealth and future power Banking meltdown == arrived as predicted; cashing in as predicted. What's wrong is fascism, using the definition of gov't by and for corporations. And when corporations are self serving, it isn't actually the entire corporation and it's stockholders, but the very few with massive options, salaries, and golden parachutes at the top. Boiled down: the gov't is being run by and for a very few select individuals. What do we get? Collapsing dollar, gutted retirement programs, high inflation, perpetual war, decayed infrastructure, a growing police state, gross misallocation of capital which erodes our future, foreigners in control of the bulk of our national debt, higher house prices which disenfranchise those who otherwise could afford a home, rising unemployment, contaminated lakes, rivers, air, veggies, meat. Quite a bargain, eh?