It now seems for the banksters, a fait de compli. Total economic enslavement of us all. The final acts are being played out as we speak, and they are being done right up in your face. Take the bonuses being doled out this month by the banksters. It is estimated that the bonuses world-wide for the big banking houses this year alone could nearly pay off the national debt. Where do you think that money is coming from? Well first, there are the bailouts at $7.6 trillion, then there is the “erosion” of your 401 K’s and IRA’s and corporate retirement funds at about $13.9 trillion, and finally an estimated loss of $10 trillion dollars in household wealth in the last year alone, just for starters. And in the latest move to grab your money; now a proposed tax on your retirement fund earnings! How’s that for in your face!
Now you couple that with ever-expanding unemployment and under employment, you know like PhDs asking if you would like fries with that order, and voila total economic enslavement. Think I’m kidding. There are more than a few mainstream financial guys with a conscious that are saying out loud that the Fed is complicit in this out right theft. What is our government’s response, why lift the limits on campaign spending by corporations of course! How does anyone out there not see that these guys are taking every bit of financial independence from us. When are we going to get really steamed and respond to these guys? I am honestly dumbfounded at the silence of the silent majority.
Here is something for you to ponder, worldwide only 0.1% of the population is debt free, 0.1%! For those of you reading this smuggly and thinking, I have a net worth of $1M, you are exempt from that stat, are you? What happens when the interest on your current debt load trebles in the next 18 months and the net worth of your real estate shrinks another 10%. Want a paddle? My good friend, George Ure over at Urbansurvival.com likens the Republicans in office as members of the mafia and the Democrats as petty pickpockets and thieves. You know it pains me to say this,because I view myself as a patriot, but he is really right on the money, no pun intended.
Some people have recently been advocating that we all take what little money we have left out of major banks and invest them in community banks and small regional banks as a way to control these run-away banksters, but I think it is already too late for such moves. The big boys are using the Fed now to close any decent banks that fall in that category. Five more banks closed this week bringing the total for 2010 to 9 and we haven’t even completed January yet! To recap and put things in clear perspective, we had a total of 3 bank closures in 2007, 25 in 2008, and 140 in 2009. At this rate there won’t be any local or regional banks left to put your money in as you run away from the big guys.
We are all beginning to feel we are being had, but don’t seem to know where to focus our rage. Well I think we start with congress. We can do two things easily. First, throw the bums out, every last one of them without exception. No incumbents can be elected, period! Let them know that as well. I think in some states they have gotten that message. If you are an incumbent, don’t even file the papers! I think the people of Mass. may have fired the first volley over the bow by electing a Republican in that state, but it was a token shot. Secondly, demand that every new candidate for office make a solemn pledge to enact a public campaign finance law. If you don’t support that proposition, you don’t get elected, no exceptions. This is the kind of action we really can take as individuals.
We have nobody to blame for this situation other than ourselves and our apathetic shirking of our civil responsibilities. Now however, we must also accept the responsibility to fix it. After all, it is us who got us in this mess. Be active political, get informed, make demands and vote. Here’s Uncle Willie’s thought for the day: