Today, the federal government announced its intent to mount the most sweeping and radical incursion of our free markets and the most extensive corruption of our capitalist model likely seen in our nation’s entire history.The individual should be outraged, disgusted and ashamed.
Wall Street billionaires and government elites together worked to create a fundamental mechanism and regulatory environment for the efficient distribution of debt then strongly encouraged over-consumption while the individual, apparently dissatisfied with the typical lot in life, played along.
Whether it was unregulated retail finance products such as mortgage, credit cards and other loans, all fraught with endless scams, or industry sponsored speculative propaganda from the finance and real estate sectors, or the governments unrealistic and artificial “Ownership Society” and affordable housing initiatives, the machine of consumption was used as an effective tool to finacialize society.
Consumers, home-buyers and housing speculators, in turn, displayed disgraceful conduct shirking even the most obvious of financial fundamentals and ignoring all forms of prudent behavior.
Now, we will all suffer.
Not just the speculators the imprudent and the financial titans … everyone.
And why do we all need to suffer?
Simple… To ensure that Wall Street billionaires can continue to be driven in their Bentley’s to and from their New York offices and their Hamptons Mansions while career politicians continue to wield their seemingly unchecked powers.
How ironic it is that it’s been just a little over a year since the federal government passed sweeping new bankruptcy reforms that dramatically limited the average Americans abilities to seek shelter during personal financial trauma.
Now average Americans are being FORCED to bailout the very same elites that lobbied hard for strong bankruptcy controls and would have NEVER given a single American facing financial distress a break.
All the while, the traditional media is airing self congratulatory interviews with key politicians and Bullish propaganda about the “infinite congressional balance sheet” all under the theme of “Hope is on the horizon”.
This is a sick, disgusting and disgraceful failure… The American system in its current form is a farce and history will surely bare that fact out.
