I thought that the 700,850,1T bailout plan announced at the beginning of october was the first step in setting a floor. I didn't think it was the bottom in the market, but perhaps in the crisis.
I just wanted to post. That I was wrong.
The crisis is far from over.
I know this will end. But it will be a long while. And we may not look the same as a country or even a culture.
1. It's becoming apparent that this is no longer the unwinding of the real estate bubble, or mortgage securities.
This looks to be the early stages of the unwinding of the last 80 years of fiat based monetary system and fractional reserve banking. The corrupt have finally seized complete control of the monetary system.
2. The entire financial industry has imploded. That the regional players remain insulated is because it just hasn't hit them yet. This is not a nuclear explosion but rather like a giant tsunami, which is slowly moving across the map. Just because the weather's nice right now does not mean hell is not coming.
http://dealbook.blogs.nytimes.com/2008/11/10/american-express-to-become-bank-holding-company/
Had the government not intervened we would have survived and recovered. But the elites have decided to save the foolish by pledging the wealth of the nation. What little wealth there is.
3. The government has lost complete control at this point. There is no longer rhyme or reason to the bailout. Retail companies are folding daily but we will rescue three dinosaur companies one which has not produced a profit in over a decade.
These companies have been regulated into oblivion and are no longer companies but socialist proxy work programs of the American government. They produce nothing of value, and have been subsidized via monetary inflation in order to provide employment for a particular voting bloc. They will now be directly propped up.
All the original estimates of the bailouts are exploding and only 45 days into this stage of the process. Where will we be in 6 months?
4. There is little or no faith in American enterprise, institutions, or perhaps even the fellow man. We are one flash away from chaos. As the realities of the humanness and fallibility of the new administration become more apparent these risks will only increase.
5. We have placed our desperate hopes in a Man with no experience, no economic knowledge, and who has little faith in capitalism or American Exceptionalism
http://en.wikipedia.org/wiki/American_exceptionalism
He believes in class struggle and redistribution. That greatness of America was validated not because of our enterprising people but because we elected him.
At a point in time when we need to be turning to our best Americans we will persecute them and reward the poor and miserable.
6. We are no longer in a struggle for a economic growth, we are in a struggle for liberty, economic liberty, respect of property rights. Millions are actively encouraging the government for pursuing confiscation of individual property and millions more stand by apathetic to the plight. Where is the outrage?
How can we be so accepting of the government stealing our earnings via taxation, inflation and nationalization?
The difference between The American Capitalist Republic and a European Socialist Democracy is quickly reaching zero.
We have become so selfish a nation we are pledging our childrenâs and grandchildrenâs prosperity perhaps even their liberty to secure a few days of materialism without the hard work and savings necessary to earn it.
The real prophet?
I just wanted to post. That I was wrong.
The crisis is far from over.
I know this will end. But it will be a long while. And we may not look the same as a country or even a culture.
1. It's becoming apparent that this is no longer the unwinding of the real estate bubble, or mortgage securities.
This looks to be the early stages of the unwinding of the last 80 years of fiat based monetary system and fractional reserve banking. The corrupt have finally seized complete control of the monetary system.
2. The entire financial industry has imploded. That the regional players remain insulated is because it just hasn't hit them yet. This is not a nuclear explosion but rather like a giant tsunami, which is slowly moving across the map. Just because the weather's nice right now does not mean hell is not coming.
http://dealbook.blogs.nytimes.com/2008/11/10/american-express-to-become-bank-holding-company/
Had the government not intervened we would have survived and recovered. But the elites have decided to save the foolish by pledging the wealth of the nation. What little wealth there is.
3. The government has lost complete control at this point. There is no longer rhyme or reason to the bailout. Retail companies are folding daily but we will rescue three dinosaur companies one which has not produced a profit in over a decade.
These companies have been regulated into oblivion and are no longer companies but socialist proxy work programs of the American government. They produce nothing of value, and have been subsidized via monetary inflation in order to provide employment for a particular voting bloc. They will now be directly propped up.
All the original estimates of the bailouts are exploding and only 45 days into this stage of the process. Where will we be in 6 months?
4. There is little or no faith in American enterprise, institutions, or perhaps even the fellow man. We are one flash away from chaos. As the realities of the humanness and fallibility of the new administration become more apparent these risks will only increase.
5. We have placed our desperate hopes in a Man with no experience, no economic knowledge, and who has little faith in capitalism or American Exceptionalism
http://en.wikipedia.org/wiki/American_exceptionalism
He believes in class struggle and redistribution. That greatness of America was validated not because of our enterprising people but because we elected him.
At a point in time when we need to be turning to our best Americans we will persecute them and reward the poor and miserable.
6. We are no longer in a struggle for a economic growth, we are in a struggle for liberty, economic liberty, respect of property rights. Millions are actively encouraging the government for pursuing confiscation of individual property and millions more stand by apathetic to the plight. Where is the outrage?
How can we be so accepting of the government stealing our earnings via taxation, inflation and nationalization?
The difference between The American Capitalist Republic and a European Socialist Democracy is quickly reaching zero.
We have become so selfish a nation we are pledging our childrenâs and grandchildrenâs prosperity perhaps even their liberty to secure a few days of materialism without the hard work and savings necessary to earn it.
The real prophet?
