Regulation: You’re the Sucker in This Game

Posted by on Jun 24, 2012 in American Economy, Dollars & Sense, Economy, End of Capitalism, Free Thinkers, Hard to Believe, In the News, Media Ignored, Missed the Point, Regulation, Suckered, Truth & Lies | 0 comments

“If, after the first twenty minutes, you don’t know who the sucker at the table is, it’s you.”  ~David Levien and Brian Koppelman, Rounders

Leave a pile of cash on the sidewalk. Do you expect the money to be there years later? 

Reckless monetary policy essentially dumped piles of cash on the sidewalk. Even honest businessmen are tempted to grab some when they see the pile dwindling and no one being held accountable. Most of us didn’t grab a handful because we are too ethical…or was it because no one told us where the cash pile was?

What happens when the sidewalk cash disappears? Do you think licensing, bonding, and regulating everyone that uses sidewalks is the answer? What a ridiculous solution! It’s amazing that every egghead that spews such idiocy isn’t laughed out of the public eye. A blue ribbon panel of know-it-all regulators cannot change human nature. The commonsense solution: stop leaving money on the sidewalk.

In 2002, Robert Blumen summed up the effect of the activities of Fannie and Freddie on the housing market and the systemic risk and foresaw a coming bailout. He was not alone in predicting the crisis and identifying it’s cause before it happened [accurate public predictions before the crisis]. Those people were silenced through ridicule and scorn.

The U.S. Economy is a game, and that game is rigged. First came the loose money supply, which was dumped into the housing market. Of course you knew this and wisely invested in high return mortgage backed securities, right? Yeah, me too… most of us missed that government sanctioned money grab. Not to worry, there were plenty of Goldman Sachs, Wall Street, and government insiders that capitalized on the windfall.

What about the risk you ask? Forget about it, those that created the game can manipulate the best government their money can buy to bail them out. Market research indicates the suckers (me and you) will fall in lock step when the phrase “economic collapse” is thrown about freely. Trillions in wealth has disappeared (from me and you), but the priviledged few that engineered the game have retained their wealth. Henry Paulson amassed a fortune estimated around $700 million while running Goldman Sachs, he kept every penny and even cashed out tax-free by becoming the Treasury Secretary. Henry Paulson is one of the many insiders that is both Wall Street and government. It’s probably a much better investment to become the government instead of buying it.

So now your thinking: “Let’s regulate them!” Of course you’re thinking that, we all are. The idea has been repeatedly broadcast by every major media outlet in the world. Dr. Herbert Krugman’s effective frequency (repetition of an idea) ensures that regulation is always our first thought, often our only thought. The people that engineered the crisis have been involved in every step, sat at every policy council, and even directed the Fed response. This con has been performed in the glare of the public spotlight. Luckily for them, we are suckers – plus those guys are kinda boring.

The insiders are pushing regulation. Of course they are, regulation protects the insiders from competition (try to start a banking home business). Regulation centralizes the power, the resources, and the money. It’s much easier to buy political power when it’s all concentrated in one place. Regulation didn’t protect you from the monetary policy that lead to the mortgage-backed-securities-game that siphoned $50,000 in lost wealth from every Family in America. According to numbers issued by the Federal Reserve: families’ median net worth fell almost 40% between 2007 and 2010. The suckers always foot the bill (this last point was not mentioned in the Fed report).

Who caused the crisis? Fat cats and government. Who have we given the authority to fix the problem? Fat cats and government. Why? Because they told us to.

Wait a minute, let’s give reason a try. Finance is the most heavily regulated industry in the world, and pretty much always has been. Every collapse, bubble, hiccup, con, and fraud that comes out of the world of finance has led to more and more regulation. Each time government fails, they are rewarded with more money and more power.

So what should we do? I don’t know, I doubt anyone knows – even if they say otherwise. There’s just one obvious next step: ignore what the insiders and their government tells us to do. The federal government appears to be bought and paid for by special interests.

Reverse the flow of wealth and power back to the people. An unregulated economy and finance sector is sure to steal from people now and then – but when they do, it will be for hundreds, thousands, maybe even millions of dollars. The heavily regulated finance sector stole TRILLIONS from us. It wasn’t the first time, it won’t be the last – as long as we continue to do what we’re told.

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Lie and Deny – Politicians are Full of Sheep

Posted by on Jan 17, 2008 in Free Thinkers, Presidential Candidates, Ron Paul, Sheeple People, Truth & Lies | 1 comment

“How do you know if a politician is lying? His lips are moving.”

Sure it’s an old joke, but the truth of it is inescapable.  Why do any of us even bother to listen to politicians in speeches and debates?  What they say is meaningless.  Most of the time they just spew platitudes and buzz words.  When they actually discuss their positions or make promises, then what they say means even less.

Trust a Politician to Lie

From listening to Hillary and Obama, you’d think they are against the war in Iraq.  Sometimes they even rail against the direction our government is taking with the Patriot Act.

So which of the leading candidates voted against the War in Iraq?  Not Hillary, she was for it.  Ron Paul was the only popular candidate with the wisdom to go against the majority in 2002.

In 2001 surely Hillary was against the Patriot Act!  Nope, she voted for it.  What about when it resurfaced in 2006, Hillary once again supports the right wing stance of giving up civil liberties to big government.

What about Obama?  He wasn’t in the Senate to vote for the War in Iraq.  But he did vote for the Patriot Act reauthorization in 2006.  Although he spoke against some of the provisions, ultimately he supported the Patriot Act.

There is only one candidate that has consistently stood by his position, whether it was popular or not:  Ron Paul.  If you want out of Iraq, if you want your civil liberties returned, support the candidate that has a proven track record of standing by his convictions.

By the time most of us are the voting age we should have learned the valuable life lesson:

“It’s what they DO, not what they SAY that matters.”

Unfortunately we are all too lazy to bother looking up the candidates voting records…

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America – Red, White and Blue Brainwashed

Posted by on Jan 11, 2008 in American Economy, Dollars & Sense, Free Thinkers, Truth & Lies, US Dollar | 2 comments

We Need Government to Manage the Economy.

Without government control over economic policy our economy would be in constant depressions…bull sheep!

If this was true then after every natural disaster government should be able to step in and bring things back to normal quickly.  How normal is New Orleans?  By some estimates the government has spent $400,000 per person affected by Katrina.  It’s still a disaster area.  When hurricane Andrew ripped apart South Florida government stepped in.  Years later the area was referred to as the “Blue Roof Land” — because roofing consisted mostly of blue tarp.  Government bungling had scared contractors away from the area.

Brain Washed Americans

Some may say:  “What about the Great Depression?”  This is a perfect example of the FedGov stepping in and making a mess.  Normally recessions and depressions last 1 to 3 years.  The Great Depression lasted nearly 14 years!  Some of Roosevelt’s harmful practices (part of the New Deal) were:  handing out jobs as political favors, forcibly setting ridiculously high wages, closing shops that stayed open too long, and removing capital from job creators to pay for it all!

Let’s keep it simple.  Businesses and individuals create jobs.  Government can only hire people when they remove capital from individuals and businesses that are the job creators.  Government then wastes 70% or more of this capital before finally using it to public benefit.

When the Federal Reserve lowers interest rates to “soften” economic downturns they are also destroying the value of the U.S. Dollar.  In 2007 the stock market was up nearly 6%, but the U.S. Dollar lost 25% of it’s buying power to most of the world’s currencies.  By propping up Wall Street, government has hurt Main Street.  Consumers will find that oil and other essential commodities will cost them more USD.

Government should stick to protecting the rights of individuals and defending our nation from it’s enemies.  When government takes on more, we all suffer.

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