From the Q&A sessions with members of congress it is increasingly apparent that our fiscal policy is implemented by amatuers. This coupled with the lack of long term planning and disjointed policy due to regime changes undermines the economy. One of governments responsibilities is to create a stable environment which allows its citizens to store wealth for the future, clearly, this is not being accomplished, and the opposite is actually occurring. Individual investors have been punnished excessively given stock market and real estate exposure. Corporations use insider information and complex schemes to short change the US consumer, worker, and investor, which are the real powerhouses of our economy. The media pursues an agenda consistent with its own interests. Law is in place but not enforced, to a degree where complicity is suspect.
Private sector business is able to "game" the system with complex computer trading programs. Television effectively brainwashes the consumer, and planned obsolescence creates the need for more. Once set into motion, there is no turning back from this tack. These corporations desire nothing more than to input the necessary figures to drive their earnings calculations ever higher, consequences be damned. They would literally drain the life blood of their victims if offered impunity, and profits were in the offing. The financial rewards of this behavior somehow absolve all guilt. Perhaps the computers are now in charge?
Future prosperity is in jeopardy, yet the cycle cannot be stopped. Even poisoning our own environment with the excuse that to stop would harm the economy. We nod yes, and then look around to make sure we are in unison with all the other nodders.
Conventional wisdom believes more spending will stimulate the growth that is needed to resume our wasteful ways. Corporations cast powerful influence over our policy makers, as they grasp for more. To their own detriment land is plundered, resources are squandered, and populations are poisoned in a greedy but often failed attempt for more.
Everything has a beginning and everything has an ending. Delaying this ending will harm future generations in ways we do not yet know.
Long New Gold Inc. NGD