Ben Bernanke: "We can see what problems can arise in a country if investors lose confidence in the fiscal position of that country, so it is very important that we address this problem."
This problem is being addressed, the democratic consensus of the people is being ignored, money has evacuated the accounts of the masses and the God of finance "The Market" must rule with an iron fist. Confidence in the market is the key to maintaining financial security for those fortunate to have been able to gather great wealth on the backs of the working class; a working class that listened to their financial gurus and steered their savings into 401 K's to accessibility by financial titans who of course will do the right things with it; your will is their command, a great pool of money to do miraculous things for the betterment of mankind. Thank God for "The Market".
The over shadowing reality of the market is….. The Republicans created the deficit, expect the poor and middle class to pay it off while they buy the debt up and sit around the pool collecting the interest. Not only do they sit around the pool waiting for dividend and interest checks but they only pay 15% tax(capital gains). They have a racket going for themselves……….As the average working man kills himself working for shrinking wages and losing 1/4 to 1/3 to taxes the wealthy’s Cosmopolitans and Mai Tais are tasting great in the sun!
Truth is that the market makers and movers are protecting their vested interests, the masses have already contributed all of the cash they are capable of; next, and we are well into that process now is the conversion of your tangible assets, what you consider your life savings, your homes, into cash accessible to "The Market" for a further expansion of the financial royalty's capital assets.
We listen to the right wing purveyors of free enterprise tell us that capital has privilege, it should be free of taxes as it is the generator of investment and the creator of jobs, it is the great mover of civilization forward. If this is so, where are our saviors now, where is that injection of investment that is going to create the jobs so we can march on to a return to normalcy and the masses can again be the drivers of consumer demand and the investors can accumulate their investment returns? Where are these tax free deserving market drivers and job creators, our financial elite, our saviors , those men of men? I hope you are not wasting your time looking for them, they do not exist wearing the mask of a savior. The right wing neocon economic ideals of the free market and privileged capitalism are a fraud, supply side economics as a theory has been thoroughly disproved. The wealth has already shifted upwards, it is OK to throw the masks away and let the cat out of the bag, the masses heads are still spinning and they will never figure out what has hit them. Onward to continued wealth consolidation, forward for the financial royalty.
Onward to where you might ask. Go back and reread paragraph two, onward to sitting around the pool and waiting for the interest and dividend checks and drinking those Cosmopolitans and Mai Tais before they lose their chill. The national debt is next, it has been successfully built up to sustain high returns of interest for a long time to the wealthy who are purchasing it. Treasury notes are a financial titans best friend. The flow of funds through the funnels of the masses has slowed to a trickle, Treasury notes have always been a secure investment, the returns are not the highest but it has always been a strong steady flow, and Republican deficits have shored up the continuation of a steady flow. Flow rate can be worked on, look what has been accomplished with the flow rate of Greek bonds, “naked short selling” can perform wonders, thank God for the elixirs’ of life.
Do you see the picture? Cash flow from the public has slowed, the supply of continued cash flow rests in the future, the national debt, the new cash cow. Your retirement and your children’s and grand-children’s future earnings are being siphoned off NOW by the financial royalists in search for that never ending cash cow. It is wake up time people. The next term to be drilled into your heads is “austerity measures”, this is the new guidelines for your government imposed budget for your own personal life. Cut back, cut back, tighten that belt, no slackers here; the national debt has to be paid! Austerity measures will include the cut back of Social Security, Medicare and Medicaid, not only your children and grand children are expected to pay up but your moms and pops and grandparents are expected to ante up for the payment of the national debt so that interest payments can continue for the sake of an income flow to the financial royalty. How is YOUR income flow doing???
Allen Greenspan frankly told the Wall Street Journal in 1989, that his job as Fed chairman was to maintain a certain amount of “worker insecurity” so there wouldn’t be “wage inflation” - income increases among the middle class. Money and power are placed ahead of human beings, you the old middle class, the working poor will not be heard until you march in legions of tens of thousands and hundreds of thousands. It is wake up and speak up time!
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Ralph Waldo Emerson: " We began with freedom, America was opened after the feudal mischief was spent. No inquisitions here, no kings, no nobles, no dominant church. "
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Hang onto your ass for it may be all that is left you,
and it is the only ass you will ever have!
Good Luck
KAK
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