Capitalism: When you make money, you get to keep it. When you lose money, you're on the hook and suffer the consequences.
Socialism: When you make money, it's taxed to cover the needs of others who don't make money, or who lost their money.
Fascism: If you have enough power, when you make money you get to keep it, and when you lose money the tax payers bail you out, and you get to take their money and do it again.
Just watch what happens when JP Morgan starts sinking. Don't look now, but the 2008 bailouts were just a dress rehearsal. THEY have every reason to believe we won't mind getting fleeced and f@*#!d even harder this time.
http://www.youtube.com/watch?v=EgiV9IHGpFE&feature=player_embedded#!
It will take a near-death experience to shake people out of their media-induced trance, but I think it might be coming before the year is out. Let's pray people don't demand that the government take over everything when the S*!t hits the fan. Right now that seems most likely, for sure, but maybe there are enough people who remember the whole idea of America was individual liberty and responsibility.
Couple this with the disintegration of the European Union and we could get a repeat of the 1920s and 1930's. Perhaps the next 6 months will pass uneventfully-let's hope that is the case.
One of the questions that I have been asking myself is: "Is there intelligent life in Evanston?" We should be able to formulate an answer to that question from the response to your pieces.
Yes, sometimes it takes a lot of pain for people to wake up...so, though unpleasant,i will have some purpose. And Richard, we don't see soup kitchens and lines in the street, but the food stamp program is huge, and real statistics on unemployment are right there with the 30's. See shadowstats.com. Part of the tragedy here is that the media is not longer free, as it is owned by the same military industrial banking complex that owns the government, so thank god the internet is still unfettered. Hope it stays that way, but who knows?
Every Monday morning CBS Radio's 5 minute hourly newscast is really only 3 minutes because of commercials. Of the 3 minutes 30 seconds are devoted to how much money movies made over the weekend. It is usually the top 5 earners and the total earned by those is about 100 million. Question: Is that important news or just a sop to our ignorant public? If Americans spend that much every weekend on movies (usually not good movies), is there really a serious problem with the economy?