Apocalyptic Politics

The political discourse is cannon fodder for those bent on deflection from the problem. They thrive by getting you to focus away from truth, and gain support in the ugliest of ways.

The following quote is from George Packer in his article in the New Yorker, "The Fall Of Conservatism." In it, Packer refers to Rick Perlstein's book "Nixonland: The Rise of a President and the Fracturing of America" which sums up what I believe is historic reality, as opposed to political revisionism. It was named by Amazon as one of the three best books of the year.

"....The sixties, which began in liberal consensus over the Cold War and civil rights, became a struggle between two apocalyptic politics that each saw the other as hellbent on the country’s annihilation. The result was violence like nothing the country had seen since the Civil War, and Perlstein emphasizes that bombings, assaults, and murders committed by segregationists, hardhats, and vigilantes on the right were at least as numerous as those by radical students and black militants on the left. Nixon claimed to speak on behalf of “the nonshouters, the nondemonstrators,” but the cigar smokers in that South Carolina hotel were intoxicated with hate."

The mainstream media has ignored, for decades, the fundamental problem of our financial system. Cable news programs, born out of political discourse, have us all focused away from the problem. The half hour of nightly news from the majors, with ads for new drugs and "American Idol", missed telling us we really needed an eight hour-a-day course in economics for two years to understand why government borrowing, and de-regulation were not in our best interest.

Wall Street understands this. It is why it now costs $2.25 Million to insure $10 Million in GE Corporate debt for only one year. 22.5% for one year's worth of protection from default!!!!! And that is with a Military/Corporate giant.

Wall Street is continuing to play the 'shell' game, and has now extended its fraudulent scheme to stalwarts of our economy. With the help of congress through thousands of lobbyists that have been paid billions over the last ten years, Wall Street has stolen the wealth of the world, and lined their own pockets.

CEO's of major dealers on Wall Street making $500 million in a few years. Middle management making tens of millions. And now they need taxpayer money to stay open? The taxpayer money is being used by these charlatans to destroy the backbone of the world's economy, all the while Wall Street is charging huge fees.

All the news you see and read has been the work of children for many years. Crying about their favored political pet not getting what they want. Well, politics has been nothing but a tool for the financial world. With huge amounts of money, news stories, advertising, even whole cable networks have focused you on irrelevant differences, while the real story was building.

The real story has been the pervasive fraud and lying by omission conducted by our leaders and Wall Street. It has been done so a few may benefit at the many's demise.

Don't agree? DOW at 14,400 in September of 2007. Today, 6626, before the open. That is a 54% decline in 18 months. Guess what, it is going to decline by that percentage again, but it won't take 18 months this time.

Millions of people, who have worked their entire lives, lived by the rules, and saved, will soon lose ALL of their retirement. Many already have.

The only way this stops is to demand all those that lied go to jail, and remove all ability to overleverage, today.

For the last 25 years, the rate of increase in US National Debt has increased more than GDP. What this simply means is all that profit was phantom, for we borrowed to make the GDP rise. The Government, with its monthly numbers, had us focused on the rise in GDP, while never explaining that the rise in debt was the only reason GDP rose.

Since you MUST pay interest on that debt, there was really never a rise in GDP. If you borrow $1 with an interest rate of 5%, it means that at some point you owe $1.05. You gave that $1 to your friend to create business, and he was able to create $.70 in activity, and pocketed the other $.30 for profit. He returns that $.70 to you, yet you still owe $1.05. Now you are $.35 in the hole.

This is the way our government has been running for decades. Is it any wonder borrowers thought they could do the same thing?

Wall Street knew the math. They knew it wouldn't work forever. So they stepped over the proverbial line in the sand, and decided to "get it while the gettin's good". In order to do it, radio and television programming were bought to focus people on a deflection from the reality. Politics became the vehicle for that deflection. How much time is devoted to the ridiculous rants of radio and cable news pundits? All while our country stands at the precipice of financial disaster.

Wall Street and their friends don't want you focus on them. So the political rhetoric, all bought and paid for, heats up. Who do you think buys the advertisements on these shows? It cuts through both political parties.

This financial crisis is not President Obama's fault. Yet, because of timing, he cannot make a mistake. Unfortunately, his pick of Timothy Geithner for Treasury, and not firing Ben Bernanke, are huge mistakes. They have been a big part of the problem. They were both in position to arrest this problem years ago, and failed to do so. What allows anyone to believe they can guide us out of it now?

Unless those that created this mess are prosecuted, no one in the world will have confidence in us. All the Central Banks and Sovereign Wealth Funds around the world see the problem as I do. I know they will not invest (lose) any more with us until we fix the problem.

We are at the point that all the profits for the last 25 years are going to be taken back by the markets. The problem is, those that profited most over the last 25 years will keep all their gains. To make the numbers even, all that money must be given back. Those that will give are those that least benefited.

And the pundits bluster away.........