Congress Vs. Wall St; It's all bark

Image by capnsponge via Flickr

Wall St has been the motivation for the trashing of America's businesses for decades. Companies might have stayed in America had it not been for the greed of Wall St. Wall St. demanded higher and higher profits from companies until those companies had to move out of the states to slake The Wall's thirst. In the process millions of jobs left The United States: never to return. In the backrooms on Wall St. banks made money by betting against the deals they were backing, then twisting the arms of corporate America to produce unrealistic results. When corporations failed to deliver, they made money off the secret bets they had made, and forced them to gut their companies to show the expected profit.
More importantly, the banks refused to pay fair interest rates to account holders and bled them dry. They pushed people into the stock market in this manner, then made huge profits off the fees they charged them. The government has given Wall St. and all the banks a free pass, allowing them to charge unlimited interest rates. What would have been loan sharking is now called standard operating procedure.
Congress is about to make a big deal about Goldman Sacks, but the truth is that Congress gave them the ability to broker deals like the ones Sacks did legally. When it came time to run for reelection, Congressmen and Senators quietly payed visits to Wall St. to collect the campaign donations they had earned by giving banks permission to stick it to Main St.
You might think that it was just eastern Senator and Congressmen that benefited this way, but, in truth, there isn't a federal legislator that isn't getting payed by them. Republicans especially have given banks a free pass to run a muck through middle class America. You may think that keeping government out of businesses way is a great thing, the problem is that the only businesses the Republicans care about are the ones that can pay for their reelection. During the Bush Administration, a republican president and a republican Senate handed money to corporations who left the country. At the same time small factories and manufacturers suddenly saw their business evaporate. The Chinese sucked their profits away. In the mean time the big banks were brokering the transfers of huge amounts of cash bound for foreign banks. The system is rotten to it's very core and even The Federal Government lacks the legal authority to look at the books of these banks.
Their will, indubitably be a huge deal made by congress in the hearing tomorrow, but you can bet that the same Congressmen will get huge campaign contributions to give Goldman Sacks and the other big banks a pass. Other than the show you see on the TV news, nothing is going to change. Deals will be made to leave huge loopholes for banks to drive their armoured trucks through, and sustain the banks legal ability to suck your hard earned dollars in with more fees and hirer interest rates. Make no mistake, these banks are not American banks. They are simply based here to take advantage of the legal loopholes they receive for being based here. In reality they have no ties to this country. They exist to enrich themselves by amassing huge fortunes in every country they have a presence in. The multinational banks dictate the politics of the free world and are above the laws of any country.
No real laws will be passed in this country or any other to truly change the way Wall St. Banks do business. They have simply become to powerful to succumb to any regulation. The fact is that they hold, so much of America's assets that they can simply threaten to walk away and the government will bend over backwards to keep them.
What you will see tomorrow is simply a show designed to gain Senators and Congressmen your votes. We have seen enough of these Congressional dog and pony shows to know that they are all shams. This one will be even more of a joke than those of steroids in sports. I don't recall any of the companies that produce steroids even being invited to testify. Do You?
The Federal legislature is the joke of the world now. Drug cartels and organized crime do businesses like fast food restaurants here. Corporations simply ignore them and it is time we did too.

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NEWS FLASH: PRESS ELECTS OBAMA!

Image via WikipediaWell it's all over. The press has told you what you think now and who the winner is going to be. Why bother going out to vote? Obviously there really is no point to voting, because the press has told you what you think and they have decided the winner.
I think The Press has gotten way out of control. It just makes me so angry that they keep telling me what I think. I think most Americans are fair minded people. Yeah, there are some idiots on the left and the right that say unacceptable things. Unfortunately the first amendment applies to idiots too, but for the most part it's good.
This is not a football game. There isn't a next season to get it right. You have to stand back and look at the facts. The facts are simple. Raising taxes on anyone during a depression is bad. It takes money out of the economy and sends it to Washington and we all know how Washington spends it's money. The President makes suggestions to Congress. He doesn't pass laws. The Congress passes laws. The same Congress that you all hate. In Washington a good idea starts out in a committee and they work out a deal. They change the bill so that they can pass it. This means the good idea becomes not as good of an idea. After the Committees it goes to the floor to be voted on and people add amendments. This usually results in the rape of the original idea. This happens in The House of Representatives and in The Senate. Next The House and The Senate sit down and wheel and deal on the bill. They add things and change things and finally the pass something that has nothing to do with the good idea we started with. These are the facts. You have to decide who can twist enough arms to get a bill through Congress with the very minimum of changes, because peoples jobs, homes, and the food in their grocery cart depend on it. The fact is that Congress cares about you when they want to get reelected. The rest of the time they could careless if you fall in a hole. Obama style is to sit back and let people talk and if he doesn't agree with something he votes present. Is that what you want in the White House. McCain is wrong about taxing benefits, but that proposal would have a chance of passing in Congress. They both talk about cutting programs line by line and doing the same with the budget. The truth is that no President has the power to do that. They can either sign or veto the bill. The budget is proposed by the President, but Congress takes out what they don't like and adds other things they do like and sends it back to the president to sign or veto.
I said this is not a football game and what I mean is, there isn't away to unelect someone you don't like after they are in. You can pull your quarterback in football, but not in this game. The reality of tonight's debates was that Obama spent the night dodging questions and changing the subject. You see as much as McCain doesn't want to talk about the economy, Obama doesn't want you to know who his friends are or that he voted present 130 times in the Illinois State Legislature. He didn't have the guts to take a position and stand his ground and say yes I believe this or no I don't. You can't vote present as President. You have to make a decision and see it through.
The Press seems to miss that point over and over, so they have told you who to vote for so go do it. They run your life right? I am still considering writing in Hillary, because at least she was in touch with reality, whether you like her or not.
I'm sure she would have Bill continue his trips to Africa to support his health initiative there, so he wouldn't be under foot.

Bailout or Breaking You

Image by Tony the Misfit via FlickrFor everyone who didn't understand the bailout and are now sitting happily on their couches thinking their 401K's are safe your wrong. Yes there insurance and la dI dA, but here's what really happened today. The Senate has just voted on a bill that tells you to go into more debt, so companies can prosper. On top of that they have assured that we are going to go into a depression for the next seven yeas. The catch is that this depression will be accompanied by an astronomical inflation rate when the, now, 800 billion dollars hits circulation in the money stream. But guess what. That will not happen until after the election.
What does this mean to me?, you ask. Well basically your money isn't worth as much, which means your not going to be able to afford as much. Basically this money is like crack is, when it comes to the economy. For those of you not familiar with crack, it's a stimulant. Now your saying, stimulating the economy is good and I will say it is, but there's a catch. In economics 101 they will teach you that there is a very delicate balance in our economic system. This means when you break it down, not enough, and you don't get a higher standard of living, but too much and it's an overdose and the economy dies. Now your really confused right? I'll break it down for you. Buying and selling makes the economy go, but the amount of money that is available, determines what things cost. If everyone has a lot of money, then the dollar may or may not be good. Borrowed money means that the dollar is worth less, because it has to get paid back and that reduces the amount of money people have to spend. Just like you can't borrow until you can't pay your bills. In the same way,the government can't borrow more than it can pay back or the value of the dollar goes in the toilet, because the only thing backing the dollar is the government's word that it will pay people back. Other countries want what they lent us back plus interest. Well you say, just print it. Well, the problem with printing more money, is that, the easier dollrs are to get the less they are worth. You know this because when there was, supposedly less oil the price went shooting up, but when there was a lot of oil it was 99 cents a gallon. Yeah, I know, you don't remember those days, but ask grandpa. Well right now there is a lot of dollars in the world, so the dollar is cheap. Too cheap. That means when you go to buy something from another country, they want more dollars than they did before to make up for the fact that dollar's aren't worth as much as money in their country. Now this makes sense, right?
Well there were trillions of dollars floating around the world, so the dollar fell and as you know prices went up. What's my point, Right? Those dollars got into the world economy slowly and look at the damage they did. Four dollar a gallon gas. Food prices through the roof. The economy is on crack. Prices are getting higher and higher. This 800 Billion dollars is the kicker. All in the sudden there's all these dollars and the government can't tell other countries that there is enough property, possesions, and goods to back it up. This is when the bank comes to you and says pay up everything now. Countries can do that too. They can say pay us the actual amount you borrowed with interest and guess what we can't. Now, no one wants dollars and they start asking the country to pay them in goods. Well the government doesn't have enough goods, but it starts sending what they have to the people who have dollars. This means that there is less of everything in this country. The price of everything goes through the roof, because here in the states there are shortages of everything.
Now here is the bad part. The money in your 401k won't buy as much, because everything costs double. You thought I forgot that, didn't you? No not at all. You can't afford to pay the bills so you can't retire and there you go your screwed.
Guess what? The cost of things are about to go way way up and the money in your 401k might get you a new car without the gas. But wait, it gets even worse. Your company can't sell anything because of the prices, so they close. Then a lot of companies close and jobs are as scarce as platinum and that's scarce. No one has a job everyone has bills and everyone owes the bank for their credit cards. If you haven't got the idea yet your not employed or employable, but basically there's not enough room in the rescue mission for everyone. Now the great Depression was like that, but this is going to be 100 times worse. My recommendation empty your 401K's and buy someone else's money. or gold or better yet platinum. Don't call your financial adviser, because, guess what, His money is already there. The rich people's money is there. the only ones who don't have there money there are people who believe George Bush and people like you, who didn't understand until it was too late, that they were about to lose everything. Of course you don't believe this and neither did the people who thought that buying a million dollar house would result in doubling their net worth and making them rich. By the way they are not living in those houses any more. The bank's and foreigners who bought the mortgages own them now. Why didn't they double their money? Now I know your either stupid or super rich. Only, so many people can afford to pay the mortgage on a million dollar house and the people who are going bankrupt and losing their houses are the people, who didn't know that there were no more people to buy their house and thought that they could get rich quick. so what's the point of all this.
The point is that the government is desperate for you to borrow money, so your neighbor keep his job and the hell with whether you can pay it back. Your collateral damage. They also want your neighbor to borrow, so you can keep your job. Wait, that doesn't sound correct right? Wrong, that's exactly what they want. Your congressman knows this is a game of musical chairs with all of you and guess what, when they stop the music a whole hell of a lot of people are not going to have a chair, but they will be out of office or working for a foreign government or any place they can find that will assure them of having a chair. Sorry that this was long, but I actually thought that you might want to know it's time to grab a chair and sit in it until the music starts playing again, in about seven years. This mean's buy nothing. If it doesn't keep a roof over your head,feed you, or clothe you, don't buy anything. Put every dime you have in the safest investment you can find. Some of the aforementioned are good. Pay all your bills asap. Yes credit cards too. Too many or too much, two words, go bankrupt or wait and go bankrupt in any case you are going to go bankrupt. Don't get caught holding the bag when they make it impossible to go bankrupt. Guess what I am doing now. Paying off everything. I shopped for xmas and i'm done. I am not going to get caught with the bag or without a chair in this game.