History is repeating itself. Wealth is once again being transferred from the middle-class to the master puppeteers in previously inconceivable amounts. Our nation's politicians have long continued to allow a gluttonous feast upon the taxpayers' pockets through increased deficit spending. However, weary of the market's downward pressure on interest rates, the elite world financiers contrived a modern financial crisis of the Great Depression magnitude, resulting in working Americans' loosing a lifetime of savings that were purportedly safely invested in 401k, mutual funds, and stocks/options. Heaven forbid if our nation's social security taxes had been invested in the stock markets.
Most Americans think their money disappeared without a trace. However, the Law of the Conservation of Energy states, "Energy is neither created or destroyed, but either transferred or transformed." The financial markets operate in identical fashion. Money does not disappear, it is only transferred or transformed. The question is, where did it go? It went from your pocket to theirs.
The American financial system, in particularly, the legalized Ponzi scheme of Social Security, kept afloat by another otherwise illegal operation, the sanctioned monopoly of printing money on paper backed by only thin air and the goodwill of the American people, the privately-owned Federal Reserve Bank, has been a corrupt, ill-fated scheme from the beginning. As these favored few were emboldened by their increased political clout due to their bulging pocket books overflowing into election campaign funds, a legalized form of gambling was instituted and raised from the depths of backrooms and smoke parlors into the light of day in the form of stock exchanges. However, the price to sit at the table was well beyond the affordability of the working class. Thus, one had to pay fees to the players at the table to roll the dice, so to speak. Never forget, the house ALWAYS wins in the long run. Everyone knows you can't beat the Las Vegas casinos. That's not a news flash. Well, I suppose the American people have been lulled into considering the NYSE, the NASDAQ, and other white-washed institutions of gambling were a different breed. In a way, they were right. But fundamentally, the more things change, the more they remain the same. The HOUSE always wins in the end.
How many times are the American people going to allow themselves to be fleeced before they take away the shepherd's shears? It is time for a basic restructuring of our nation's banking system, as well as, financial market reform. Throwing billions of hard-earned American taxpayer money at the problem without fundamental reform, is only adding to the problem. Unfortunately, too oft, the other golden rule applies, "He who has the gold, makes the rules". The beneficiaries of these "slights of hand" have bought the majority of politicians' loyalty to prevent effective and transparent commercial banking reform, restructuring our monetary system, and negotiating settlement of our national debt. In turn, these powerful lobbyists have lost interest in demanding campaign finance reform and across-the-board term limits.
The only recourse left to the American citizens for making amends and resetting our nation on the founding fathers' original course destined by the evolution of mankind's noblest aspirations, is to hold your voting privilege, the right to choose the individual who will honestly represent your best interests, as a sacred responsibility. If an incumbent is unresponsive to demands for reform, do not re-elect them. It is as simple as that. Hopefully, sooner than later, the next politician will get the message that our elected officials' long-ignored responsibility to their constituency will no longer be tolerated.
I can feel it in my bones, as they say. The time is nearing when morality will overcome greed, our nation's interest will win over self-interest. I believe in the American citizens. I believe in God. Together, we are the change. We will prevail!