You Invest in Securities Because You Fear Your Government...Government induced inflation causes Americans to Gamble.
Presidential Racers and what you should have known before you wasted your vote on Obama or McCain. In effect, you doomed the American economy for at least 10 more years. And one more thing to racist blacks. it is not a black against white issue. Obama is not the second coming of Christ. He is just another politician doing the same things as those that came before him. You were easily duped into voting for yet another Democrat or Republican. Sadly, we all will pay for voter ignorance.
Now go do the right thing and stop voting for the lesser of two evils. Voting for the same thing over and over again expecting different results is the definition of insanity. Are you insane?
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Patrick Murphy, (a
registered "Decline to State" Independent
My generation grew up under the premise that a wise man invests in 401K's and IRA's so that the "Rule of 72" would eventually make him a millionaire. For some reason that few Americans investigated, we saw a really sweet Congress giving us tax deferred investment vehicles. We wouldn't have to pay taxes until after we made most of our money and were retired. This was the greatest American Ponzi scheme in a long line of Ponzi schemes. Today, for many of us, after the recent losses that keep much of America from even considering retirement, an epiphany has occurred. I think that some of us finally get it. Many of these folks, already seeing a bankrupt future, will seek government assistance to enable them to have some sort of dignity in their senior years. All of this will be placed on the backs of the younger generations who are none the wiser and more likely to create some sort of triage system with an age cut off.
How Did This Happen?
Motivated by the financial "Panic of 1907," the first part of this Ponzi scheme began in 1913 with the creation of the Federal Reserve System which allowed the government, the largest mafia in the history of mankind, to run our banking system. Our government, like others before it, could now have a spigot to increase or decrease the money supply based upon decisions that would favor the rich and powerful, those same folks our government had been working for all along. Corporate appeasement was necessary to get elected. Our politicians understood this.
America began investing in people and companies they knew little about. The stock market appeared to be a way that Americans could realize wealth by putting their savings to work for them and it was soon apparent, as the stock market "Crash of '29" would prove. Investing in "insecurities" was not a guaranteed retirement solution. The second nail was placed into our economic coffin with President Franklin D. Roosevelt's socialized agenda where the government would mandate Social Security to enhance retirements for dead people, since during that time, few folks lived past 65. Government expanded its own scope to "insure" some employment by the building of infrastructure. Contrary to popular opinion, this actually extended the Great Depression. In addition, neither the government, nor the private sector were prepared for the weather conditions that inflamed the terrible economy. This set a precedent for future government expansion and programs. People wanted their government to insure them against failure.
As the securities markets appeared to be in trouble yet again from Lyndon Johnson's "Great Society" and funding of the War in Vietnam, another fix was needed. That fix was the creation of the 401K and IRA. For the first time in US History, every Tom, Dick and Mary would be encouraged to invest in companies they knew virtually nothing about. They were told that by doing so, they could all become millionaires in a short period of time. Most Americans fell for it. If they just left their money in a bank account, they knew that inflation, caused mostly by government spending, would eat away at the value of their savings. But by investing in higher interest securities, and tax-deferred accounts, they assumed they could beat inflation. As in any Ponzi scheme, at first, and for many folks, it seemed to be true. The government and all those that make money servicing such accounts obviously supported the scheme.
Today, rather than admitting to the Ponzi scheme, our government is trying to bail it out by printing and borrowing money. The markets are unstable and smart folks are learning not to trust them. Unfortunately, the government, while again working for those that fund their campaigns, and the media also working for the same companies that advertise with them, are trying to restore the faith in those same securities that got us all in trouble in the first place.
The Solution is the End of the Corporate Markets as we know them.
Let them die. These were not great companies. These were not American companies. These were Mafia type industries. They lied, cheated and stole from their own customers as they are still doing today.
Let them fall. Those that pick up their assets can do so for 10 cents on the dollar and hence might be able to make some sort of payroll. Unfortunately, most investors are too smart to buy these industries and that's why the government is buying them. Nobody in their right mind wants them. They are dinosaurs living in a diseased land where government, that produces absolutely nothing bankrupts absolutely everything from homeowners to the banks themselves. The government is today encouraging banks to make bad loans. If they don't they threaten them with closure for having made prior bad loans. Yes, again two plus two equals seven. That is how our government has always worked. Americans need to become honest and disciplined and self reliant. They need to stop the madness by first demanding candidates that are not affiliated with the Democratic and Republican party in any way shape or form and that refuse to take the money from special interests and corporate sponsors. They need to get out of the insecurities markets and read up on George Washington's warnings to future Americans.
Ironically, it is we Americans that got ourselves into this mess in the first place. We abdicated our thrones. We got evil by voting for the lesser of two evils. We allowed ourselves to become Ponzied. This will not end until people become better informed and then take appropriate action. Me, I'm not holding my breath. It's game over! —especially in California. I'm filling the pantry with food, buying a home defense shotgun and preparing for the worse. I do not have confidence in the American people, but I hope that I'm wrong and will have wasted my money in such preparations. Still, I'm ready to trade in anything that isn't currency.
There's an old saying during the world's worst inflation ever as of 1795 that "It ain' t worth a Continental." I'm afraid that we've come full circle and we're there again. I'll trade my tomatoes for your potatoes, but don't give me worthless American cash or any other currency printed by some other mafia. And as for you Obama et al, I'll see you in hell.
On April 5 1933 President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates, coins and bullion illegal, reducing the pressure on Federal Reserve gold. "The government is not always able to giveth, but it certainly can taketh away." - Michael Patrick Murphy.
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