Jason Rines (iThinkBig)

Greenspan, Bailouts and Fed Policy

To The Ftizman and others:

1) Socialism will be the instruement of the politician to stave off depression, it will fail as it has always failed in the last 6,000 years of modern history since it has been tried. American's don't know all the reasons why their quality of life is quicjly eroding before there eyes. So the collective cries bailouts and they are getting them. The word is Socialism and it simply means the responsible are forced to repair the damage of the irresponsible. Expect 2-3 years of Socialism until America gets the tax bill, then expect a further economic contraction and collapse of our fiat currency system. Banks cannot regain there momentum when customers can't or won't borrow money. Congress, Bernanke and this Administration just don't get it. I don't need to provide a thesis to convince you that Socialism is happening, the bailouts and Fed power grabbing to cover up bad government and fiscal policy sums up what is occuring. Actions speak louder then words.

2) I don't believe NOT creating an effective energy policy is a plan to control the masses. The real problem is politicians can invest in energy and have direct inside information you and I can only dream about. This is the true reason our nation didn't stay the course on energy independence after the last energy crisis of 1980. Back then, the crisis was caused be geopolitics. Right now, peak oil is a consideration but the higher energy and food prices has far more to do with horrible fiscal policy. Partying our way out of debt has never worked either in modern human history. Only sacrifice and ingenuity saves a culture from retreat and misery. Every empire needs the raw materials to maintain a quality of life. The Romans had slaves, this kept the top echelon in power while the border frontiers and empire began to contract. Energy is our slave labor and our economic power has begun to contract.

A lot will change and for the better after the Socialism stage made in point number one. Americans will go from wondering why such pain occured to knowing exactly whom is to blame and how to repeat these mistakes. 2012 our country will be considered second class with serfs serving the top 1%. We will elect responsible leaders and will begin holding them accountable to performance standards. This will also go for businesses which will go back to focusing on fundamentals. America is now learning and will keep learning from pain. Such is the nature of us humans, despite our arrogant claims to complex fiscal mastery/models run by supercomputers.