Mickey Mouse Money & Corporate Thugs
Despite the stock market steadying after the Federal Reserve's cut of the discount rate it charges banks to borrow money, Beatrice still worries about her pension fund and sees the recent crises in property, liquidity and credit as the logical conclusion of policies started many years ago by a subprime government ruled by corporate thugs and believes the situation is worse than the government makes out.
"During Bush Senior's government, when the middle class were in difficulty repaying loans on their McMansions, we should have had a depression to wake us up," says Beatrice. "We were spared that depression in 1990 by the government instituting a subprime credit system which, with the ability of the Japanese and later the Chinese to carry it even further, is now reaching its logical end."
"What should have happened in 1990 was postponed and during that time it's been compounding in ferocity," says Beatrice. "For all of that time we have been laboring under subprime government in every respect, spending money it doesn't have, starting wars it has no business starting and telling us to shop until we drop (on credit, of course)."
"President Bush's number one donor is MBNA and, like most corporate politicians, his money comes first from the financiers," says Beatrice. "Also, a lot of lobbyist money has been flowing into the various agencies responsible for regulating or controlling lending institutions and, as a result, they haven't done what they were set up to do."
"These financiers have been milking us for years and, like the insurance companies, they pay heaps of money to our so-called elected officials to 'insure' that they can keep on doing it," laughs Beatrice. "As consumers, we are forever in their debt and under their control."
"The American dream of home ownership was created to force us into debt and docility," explains Beatrice. "People are as docile as lambs when they stand to lose their homes at the whim of corporations so powerful that they bankroll presidents and get to write the laws legalizing their brand of thievery."
"And the insurance industry has a special privilege in that its legal rogues got to write laws requiring that you buy their product when you buy a vehicle or house," laughs Beatrice. "This happened during Bill Clinton's watch. So, whoever believes in governments of whatever stripe existing for the protection of your life, liberty and pursuit of happiness is seriously deluded."
"Our government is subprime because, like subprime borrowers, it is a bad risk and exists purely because the financiers put it there and can control it," says Beatrice. "Corporations were never intended to control our government and, like the Church, they need to be separated from it -- but how?"
"We allowed this corporate takeover by allowing money into our political process," says Beatrice. "Rather than getting the best man or woman for the job of president, we get the guy with the biggest fund raising campaign."
"And, don't believe that the Democrats are any different," sighs Beatrice. "Even Hillary Clinton admitted that corporations run the country and she is beholden to them, too."
"Because the Bush government gutted the SEC reporting requirements, nobody knows what big equity funds and banks remain at risk following the subprime credit fiasco," says Beatrice. "It is wrong to assume that nobody in the Bush regime comprehends the magnitude of the situation. Why do you think so many are bailing out before the final picture emerges?"
"They weren't asleep at the wheel -- almost all of the subprime home loans were written during George Bush's subprime presidency," says Beatrice. "They knew what they were doing. They were making hay."
"Behind it all are the gnomes of Wall Street who work behind the scenes to turn mortgage brokers and small lenders into a sort of criminal network," says Beatrice. "They make heaps of money without doing anything productive, just living high off funny money. Okay, so do millions of small investors, but at least many of them put in their years at the grindstone first."
"Our economy has gone from an industry based powerhouse to a non-productive bubble," says Beatrice, "and other countries have been suckered into trade agreements that will force them to bail us out or go under themselves."
"Where did the money come from for the Federal Reserve to prop up the stock market?" asks Beatrice. "Is it just worthless paper, Mickey Mouse money, or what?"
"The Fed propped up the stock market in October 1987, then again in September 2001, and now it is doing it again -- and so are the central banks of Japan and Europe."
"This money -- or liquidity as they call it -- has been injected in an effort to calm investors' fears and to keep markets functioning normally," says Beatrice. "But in bailing out those in the private financial market what sort of economy are we running?'
"If the Fed is willing to bail out private businesses then why isn't it willing to bail out all of those poor people who have lost their homes?" asks Beatrice. "If poor people being unable to repay their subprime mortgages ostensibly caused this mess, then why not give them the money so they can keep their homes and pay their mortgages?"
"The Fed helps its financial mates but not the little guys," sighs Beatrice. "It says serves you right when the little guys lose their homes, but rushes in like a white knight when the financiers risk losing their businesses."
"Is this how the capitalist system works -- or are we looking at corporate welfare, the Old Boys' Network, or what?"
"Great pains are taken to assure us that the Federal Reserve is a private corporation that loans money to the government (with interest)," says Beatrice, "but I still have a sneaky suspicion that our taxpayer funds are funding it and that this invisible monster is running the country with the so-called elected government as a front."
"And, what's more, when the 12 mega-rich families that allegedly constitute the Federal Reserve Bank cannot depend anymore on selling the USA to China, where are they going to get the bulk of their money from?"
"It wasn't too long ago that one of the biggest drug busts in history took place in Mexico, involving a Chinese entrepreneur with PharmaCorp links to USA and Hong Kong companies and gazillions of dollars in cash was sent to the Bank of America for authentication."
"The Bank of America claim the money was returned to Mexico, but maybe it wasn't and was used, instead, to bail out Wall Street."
"If our economy is being funded by laundered narcotraffic money then our government is sub-subprime and we have no right to talk about economic development because we are producing nothing and to use the Gross Domestic Product as the basis for how we are doing is a joke."
"The young have years ahead of them to recover from this crunch," sighs Beatrice, "but us oldies are in bad trouble if the pension funds are affected by bad debt or a falling dollar."
"During Bush Senior's government, when the middle class were in difficulty repaying loans on their McMansions, we should have had a depression to wake us up," says Beatrice. "We were spared that depression in 1990 by the government instituting a subprime credit system which, with the ability of the Japanese and later the Chinese to carry it even further, is now reaching its logical end."
"What should have happened in 1990 was postponed and during that time it's been compounding in ferocity," says Beatrice. "For all of that time we have been laboring under subprime government in every respect, spending money it doesn't have, starting wars it has no business starting and telling us to shop until we drop (on credit, of course)."
"President Bush's number one donor is MBNA and, like most corporate politicians, his money comes first from the financiers," says Beatrice. "Also, a lot of lobbyist money has been flowing into the various agencies responsible for regulating or controlling lending institutions and, as a result, they haven't done what they were set up to do."
"These financiers have been milking us for years and, like the insurance companies, they pay heaps of money to our so-called elected officials to 'insure' that they can keep on doing it," laughs Beatrice. "As consumers, we are forever in their debt and under their control."
"The American dream of home ownership was created to force us into debt and docility," explains Beatrice. "People are as docile as lambs when they stand to lose their homes at the whim of corporations so powerful that they bankroll presidents and get to write the laws legalizing their brand of thievery."
"And the insurance industry has a special privilege in that its legal rogues got to write laws requiring that you buy their product when you buy a vehicle or house," laughs Beatrice. "This happened during Bill Clinton's watch. So, whoever believes in governments of whatever stripe existing for the protection of your life, liberty and pursuit of happiness is seriously deluded."
"Our government is subprime because, like subprime borrowers, it is a bad risk and exists purely because the financiers put it there and can control it," says Beatrice. "Corporations were never intended to control our government and, like the Church, they need to be separated from it -- but how?"
"We allowed this corporate takeover by allowing money into our political process," says Beatrice. "Rather than getting the best man or woman for the job of president, we get the guy with the biggest fund raising campaign."
"And, don't believe that the Democrats are any different," sighs Beatrice. "Even Hillary Clinton admitted that corporations run the country and she is beholden to them, too."
"Because the Bush government gutted the SEC reporting requirements, nobody knows what big equity funds and banks remain at risk following the subprime credit fiasco," says Beatrice. "It is wrong to assume that nobody in the Bush regime comprehends the magnitude of the situation. Why do you think so many are bailing out before the final picture emerges?"
"They weren't asleep at the wheel -- almost all of the subprime home loans were written during George Bush's subprime presidency," says Beatrice. "They knew what they were doing. They were making hay."
"Behind it all are the gnomes of Wall Street who work behind the scenes to turn mortgage brokers and small lenders into a sort of criminal network," says Beatrice. "They make heaps of money without doing anything productive, just living high off funny money. Okay, so do millions of small investors, but at least many of them put in their years at the grindstone first."
"Our economy has gone from an industry based powerhouse to a non-productive bubble," says Beatrice, "and other countries have been suckered into trade agreements that will force them to bail us out or go under themselves."
"Where did the money come from for the Federal Reserve to prop up the stock market?" asks Beatrice. "Is it just worthless paper, Mickey Mouse money, or what?"
"The Fed propped up the stock market in October 1987, then again in September 2001, and now it is doing it again -- and so are the central banks of Japan and Europe."
"This money -- or liquidity as they call it -- has been injected in an effort to calm investors' fears and to keep markets functioning normally," says Beatrice. "But in bailing out those in the private financial market what sort of economy are we running?'
"If the Fed is willing to bail out private businesses then why isn't it willing to bail out all of those poor people who have lost their homes?" asks Beatrice. "If poor people being unable to repay their subprime mortgages ostensibly caused this mess, then why not give them the money so they can keep their homes and pay their mortgages?"
"The Fed helps its financial mates but not the little guys," sighs Beatrice. "It says serves you right when the little guys lose their homes, but rushes in like a white knight when the financiers risk losing their businesses."
"Is this how the capitalist system works -- or are we looking at corporate welfare, the Old Boys' Network, or what?"
"Great pains are taken to assure us that the Federal Reserve is a private corporation that loans money to the government (with interest)," says Beatrice, "but I still have a sneaky suspicion that our taxpayer funds are funding it and that this invisible monster is running the country with the so-called elected government as a front."
"And, what's more, when the 12 mega-rich families that allegedly constitute the Federal Reserve Bank cannot depend anymore on selling the USA to China, where are they going to get the bulk of their money from?"
"It wasn't too long ago that one of the biggest drug busts in history took place in Mexico, involving a Chinese entrepreneur with PharmaCorp links to USA and Hong Kong companies and gazillions of dollars in cash was sent to the Bank of America for authentication."
"The Bank of America claim the money was returned to Mexico, but maybe it wasn't and was used, instead, to bail out Wall Street."
"If our economy is being funded by laundered narcotraffic money then our government is sub-subprime and we have no right to talk about economic development because we are producing nothing and to use the Gross Domestic Product as the basis for how we are doing is a joke."
"The young have years ahead of them to recover from this crunch," sighs Beatrice, "but us oldies are in bad trouble if the pension funds are affected by bad debt or a falling dollar."
<< Home