Sleep Technology

My nights are an oddity. As far back in memory as I can go, my sleep habits haven’t been what others consider normal. When I was younger it was much more difficult. I had a record player by my bunk-bed. An old heavy thing. But then again, I’m old enough to not just remember 8 track tapes, but to have used them in my youth. I believe I was 5-7 yrs old and I would try to play a record, usually some Disney production, to keep myself company awake at night. I have memories of my mother yelling from her room, “it’s time to go to bed”.

Technology may advance, but as I got older my sleep issues never changed. My advancement in technology was a small transistor radio. It was small blue mono with a single hearing aid style ear insert, and I loved it. I developed a love of audio-theater, being drawn by CBS Radio Mystery Theater and voice styles of the classic radio news broadcasters. My sleep was close to impossible, without the soft voice that fades to white noise, as I finally drifted away.

Times do change and the transistor radio from the years before my teens, becomes a stereo radio, Sony Walkman. Needless for me, this stereophonic sound, having developed a taste for AM radio talk shows. Even young I understood the struggle people had with money and investing, and these subjects where my passion, I listened for them every night as I moved up and down the dial. I always hoped to find one just starting its broadcast, knowing it might be possible then to drift away

The developments in communications and broadcasting have moved like lightning. I’ve enjoy those leaps in technology as much as others, but still my personal advances in getting a better nights sleep, haven’t been so spectacular. Tapes, Cd’s, Internet, Mp3 players, Satellite Radio MP4 players, Wi-Fi, and now the Cloud for our use. A thing of wonder when properly considered.

My use of available technologies has moved ahead with the times, and my tastes for media has changed too over the year. I use the Internet to feed my passion of news forecasting and opinion on Economics, Investments, Banking, and Government policies, around the world. While at night I now drift and fade to Literary Classics in audio book form.

I may not get 7-8 hours of sleep a night, in fact I average between 3-4 hours, but my experience of my tossing and turning while others rest, has become a richer and fuller insomnia experience with technologies advancement. For counting sheep, warm milk, chamomile tea, Benadryl, (diphenhydramine) prescription sleeping pills, sounds of nature tapes white noise makers, and brandy at bedtime I have no thanks. But for those who’ve worked to enrich my experience of  insomnia and sleepless night with such bedtime (for me) technological wonders, I thank you all.

Creditors Over People

Does logic enter the discussions about bailouts and austerity? It seems it’s not. It is an error to think that those who are struggling will follow along blindly. The EU leadership here, is the cause of escalating protests. Protests frankly, that will only grow. I expect the growth will continue exponential, as the public outcry reaches critical mass.

This difficult situation is almost built into the system, and set to occur, because of the high percentage of youth unemployment. It will grow because further jobs are now set to leave the most volatile economies of the Euro zone. Even as the powers that be try to flood the media with stories of the latest trouble being averted.

The reality, when looking at the nature of man and the basic requirements to support life, the circumstance causing these protests were set  from the very start. Especially when the disenfranchised are the most energetic and educated about the practices in politics, but are left with nothing to do.

Jobs, or rather the lack of jobs, are the issue. They however, have been left out of the austerity talks, between struggling economies and the troika. This only shows that people, citizens of the EU nations, are secondary to creditor requirements.

The Government is in place, or was, for people. This emphasis has certainly transformed itself into a government against the people themselves. Suffering and famine of the people is now acceptable. The suffering and famine of non-living entities are now the unacceptable outcome.

I can see many possible futures, for the EU . My most hopeful future, has human interests returning to dominance. My logic says the trend will continue and protests will grow and spread even more. I worry though in this trend that protest and protesters will fall under harsher and harsher retaliation. I can even see a form of martial law coming into effect, to keep protesters as silent as possible, as debt caused by bailouts grows.

The reporting on these EU protests are somewhat down played, and the true reasoning behind the protests are seldom given much airtime. But then again, when were the young people’s voices last heard? I’m thinking those protests were last heard protesting  past foreign wars.

This tone through the EU will to continue, with the Elite ruling classes ignoring the citizens needs, for that of the financial industry as it deals with  repayment of debt. This  after making obvious poor choices in the financing of sovereign debt. A condition for which they only have themselves to blame. The powers that be however, punish the citizen worker, to pay back loans that were erroneously given and taken because of artificially low borrowing costs.

Still even seeing the possible outcomes, I say protest on. I feel as if the citizens have been literally sold-out, by their leadership. And maybe it’s a good thing the protesters, for the most part, are young. They will have the energy to carry on the fight for awareness. Exposing the plight of the young and poor, the disenfranchised people of the EU. Godspeed.

 

The Economic Butterfly Effect and Election Day

Re-post from June 13, 2012, Very interesting, looking back

The Economic Butterfly Effect and Election Day.

Austerity, Creating the EU Caste Sysytem

I find myself today, revisiting comments I’ve made in the past, regarding the EU and it’s direction, with a focus on the average citizen’s suffering, due to forced austerity. I’m not sure any nation in the EU, accepted or expected “The Brussels, Financial Inquisition”. To clarify my feelings on this situation, I will use Greece as my example.

The Greek people have seen the many methods and pressures, that have caused a forced loss of their national sovereignty. Austerity and budgeting changes, conforming with the policies and practices of the German Bundesbank. These changes, required by the EU, don’t conform to the needs of the people and their government, anywhere else but Germany. These dictated mandates, by the ruling factions in the EU’s fiscal framework, serve only to raise fear in the affected nations. Fears of a lost culture and fears of lost social connections, are in the public’s mind. Rightly so I feel, as national identities are suppressed, for a Euro-centric patriotism.

The Fiscal Union, a one size fits all plan, was poorly conceived. The nation states joining, poorly vetted, regarding budgets and debts. A fly by the seat of your pants operation, with a fix-it as we go policy. A policy that has had repercussions world wide.

Bearing the brunt of the these circumstances, we find the average citizen of Greece. These are folks, who amid all the controversy surrounding tax dodging in Greece, are those who had few resources, with neither a need or the means to shelter resources from taxation. But these normal folk, are left to suffer through no fault of their own.

These forced austerity controls, roll over sovereignty. Greece will not be the only one. Greece is being used as an example. This while bailouts go directly to service debt. That means those bailout funds go directly, with small exception, right back to the banks. Serving to actually raise debt, not lower it.

This genocide of self determination, will be more apparent when children take to the streets to beg, as they do in India. The example being made of Greece, as 150 new austerity demands come from the EU, for Greece’s Parliament to pass legislation on, only prove the manipulation and pressure by the EU machine.

This tragedy will create, an even larger underclass, and causes me to wonder if the Caste system is the end game in the EU. To create the rulers and the ruled. To progress the gap between the Have’s and Have Not’s. The paths chosen by the EU monetary union, seem to support this creation of an India style, culture of classes, for the creation of a caste system in the EU.

This touches merely the edge of this issue. Human nature says to me, those with power wish to retain power. Human nature also says to me, based on the “I must have mine, before you have yours” principle tells me, this will only progress in the future. The continued siphoning up of wealth, that makes the rich richer and the poor poorer, is clearly set to continue (worldwide). As the economic and fiscal power player, Germany has returned to Dictatorship, whether they like it or not. Greece fought off the German occupation in WWII, too bad history isn’t set to repeat itself.

Following a Trickle Down Media

I’m just a watcher of finance and markets. I’ve always felt, tracking money and markets would give me a better look at what the future holds. Like most I have hoped for a better, and if not better, a more stable future. I’ve found the truth of our future. I must say, I was wrong to hold out hope. I was so wrong.

We’ve seen not but lies scams and fraud, from our markets. If you’ve missed this, there are many news articles from numerous sources that highlight the issue. None of these articles break into the why of it, merely presenting watered down boondoggles, of little value to readers.

A trickle down media is almost as productive, as trickle down economics. Not at all. But then again we have to acknowledge that media has no obligation to report the truth. A ruling from a suit against FOX. The general population has no realization of that fact. They tune in to the nightly news, any source, and expect that what they are hearing in the broadcast as fact and truth. This just isn’t the case.

Looking at mechanisms of control, it’s best to have those whom can have their beliefs manipulated. Blind acceptance is what’s required to carry through disinformation, and have it believed and acted on by the masses. Blind acceptance is what allows the “It’s getting better” stories in the media, to be believed.

This acceptance is actually ground into us by our parents and teachers, and begins when we are young. We’ve been taught to give respect to certain groups of individuals. This training helps enables blind acceptance in our later life. It’s this myth, that certain classes deserve unquestioning acceptance.

Groups such as Doctor Lawyers, Politicians, and those with higher educations. Into this group has slipped television personalities, because of our worship of fame and fortune.

This hypnotism of the greater populous, keeps a large group that should be extremely outraged by the direction we’ve taken, in their easy chairs. There should be outrage over unconstitutional moves by our government. There should be outrage over a Fed policy that makes each dollar in your pocket worth less, until the dollar is worthless. There should be outrage over people being excluded from the governments attention, while business is given every chance, as banks are flooded with free moneys.

What the future holds under the current direction, is more manipulations by the powers that be. More stories about how much work is being done for the people. While behind the scenes, the sell out of people, for the benefit of banking business and political clout, continues. I’m sickened by this sound bites reality TV culture. I search for truth, and even though I note my fellows unquestioning acquiescence to these sources who silently claim to be bearers of truth, I have to question myself and my desire for a informed population. Maybe the blind unquestioning follower, deserve everything coming their way. That might be the only way, for some to step up and demand reality from the powers that be. The simple honest truth.

 

Too Big for their Breeches

There is no question that financial institutions have their place. There’s also no questions that business is a benefit to society, as they provide needed goods and services. However, I’m seeing that they’ve become a little too big for their breeches, because of gains made through policy change, low borrowing rates, and increasing fraudulent practices, that aren’t litigated as crimes. This has supported a sense within the industry, of  being untouchable. Too big to fail as a concept, continued bailouts, and small fines for large scale theft and fraud, have created this climate.

I see greater control of the populous, because of the untouchables. Food is a great example. As petroleum corporations increase the manufacture of biofuel, food comes off the table for the worlds poor. This is caused by an increase in commodity prices. As edible calories are removed from the market. Even though there is no need to use food stuffs for biofuel manufacture.

Farming food production and distribution is a petroleum dominated industry. From fuel for the farm equipment, to pesticides and fertilizers used during cultivation, and the fueling of the trains and trucks that bring those products to your store, all enabled by petroleum.

There isn’t a commodity that’s not made possible by petroleum. And there isn’t a commodity who’s price can’t be manipulated, as power players fiddle with the world stomach and lives. Considering the importance of food prices, as people need to eat. Also including fuel again, as people need heat light and to cook their food. People also need to save for their futures, when the fiat currencies that dominate monetary exchange, stability is in question. A function of precious metals, to my thinking. But the commodities market is also the structure that can make unavailable these life sustaining elements to the masses of impoverished persons.

These controls and manipulations are no big surprise, as we watch the siphoning of wealth from the bottom, up. I’d also expect even more outrageous behaviors from these created entities. Many see reports of fraud in other financial sectors. Which is not a surprise. But many don’t note manipulations within the commodities markets. Even though commodity prices are reflected in a households everyday purchases.

The prices of commodities are set to become even more important, to the average consumer. I say this because I believe we have inflation locked into our future. We will have inflation because of continued printing of money and growing debt. I foresee a 50% currency devaluation over the next 12 years, here in the US. Something that never would have needed to happen, but for the present time flawed policy and practices of the FED.

Unfortunately many have been led to believe, inflation will help them with their personal debts. This may be, but the total effect continues to advance the gap between rich and poor. This is the plan though, it appears by the games being played in the markets. It advances the two class system so sought by the elite investors. You can see this related in the stock markets rebound since 2008. The numbers are up for sure, but the reality when one asks those saving for retirement or a rainy day is they’ve taken a serious hit, and their investments haven’t rebounded as the markets numbers would suggest. But you ask yourself where did it go, and that’s obvious. Those moneys lost by ordinary investors, from retirement savings and small investor portfolios have been siphon straight to the top.

I believe we need to see this idea of wealth trickling down, as a failure. I also think, the only voodoo we see in our economics, is the magic of wealthy redistribution to the top, while pushing the idea that those on the bottom are the drain on the middle class. When will the masses see how they are being controlled and lied to, about what’s in store for their financial future. I see losses. Losses from more scams more scandal and more fraud. These used as weapons by the power players, to part those with retirement funds and small investor portfolios, from their money.

Like a Boy Scout, Be Prepared

I want only the best for my fellow man, that is my heart. I look for trends in Global Economics, as best I can, and follow Commodities Markets, because it’s the worlds stomach. These two thing’s have a great effect on how our world moves forward, and by way of that, how we live our lives. Those two things, global economics and commodities markets, are constants in my mind.

 

The analysis of the feelings in my heart, an easy task. The analysis of the subjects in my mind, much more troublesome. However, with the two components heart and mind combined, I am able to form some opinions about the world in which we live. I’m even able to come to conclusions about the direction of trends or manipulations in the markets, after giving the subjects so much consideration.

 

I personal include one tactic in my research, that I feel has been marginalized and become cliche, “Follow the Money”. And, since the beginning of what seems a trickle up economy, following the money should have become easier. The truth is, with the inclusion of more and more complex financial vehicles, and the erased line between savings and investment banks, adding in the variance in policy in banking centers worldwide, I feel the opposite is now true.

 

This tragedy, brought to us by the “Too Big To Fail” concept. Policy which has only added to the concerns of the common citizen, worldwide. I think what’s never pointed out clearly is the “too big to fail” is a buzz term, which means in reality, the institution is more important than the people it serves. Placing the too big to fail, ahead of all else. Bailing out the too big to fail from their Risky Trading policies. Taking a position of Greed and losing. Then after losing,  passing those losses on to be paid by citizen individuals. Individuals who had nothing to do with banking finance and corporate greed, or the risk they took in the new derivatives added to the market. A total run for traders, based in cheap borrowing costs from central banks.

 

I can’t save anyone from the even harder times ahead. I don’t have that ability. I do say forget your love of the green paper. Fiat Currencies the present recognized monetary tool are destine for abuse and failure. I would like all to have some solid store of value. I believe in a diversified portfolio, but the trend says to me the diversification percentages need to change. Look at your necklace or ring they have meaning or symbolism but they also have a value, and you can hold it in your hand, just like the green paper. Have you considered those items as personal wealth? Well it’s time to.

 

Governments have picked up the physical gold stocks they hold. There is even talk of a partially gold backed, Chinese Yuan. Tangible asset classes seem to be the trend. If you question it’s hard commodities value and future, again look to China. Chinese State Television has Advertisements, Marketing gold and the physical possession of it, to to all. Yet, designed, to speak to their growing middle class. Also add into this India. India is close to the largest purchaser of gold worldwide. Just surpassed by China, I’m thinking. So, I see is two fast growing countries, with a total population around 2.5 billion people, motivated and being motivated to purchase and possess physical stocks of precious metals.

 

Every country appears stressed by the changing world, and the advancement or decline of themselves and others. I feel it’s even more important to prepared, for what I see as, The Demise of Fiat Currencies? Do you want , because of inflate currencies, to see no value to your printed paper? I’d say no, and would make the move to correct my investment strategy. What you do is your own call.

 

These are tough times,  and I’d say, like a Boy Scout, Be Prepared, I feel, there’s much more difficulty left to come.

Spectator in the Roman Colosseum

I have no investments, I live simply because my means are extremely limited.  I’ve been a follower though, of  financial markets, economic policies and the movement of wealth within the worldwide monetary system, since my youth. There are understandings I’ve come to, looking at these structures. You can read all you like study all you like, and  have as many degrees on the subject matter as you like, but that will only take those concerned so far. The reason behind this is the  stochasticity of all markets, and the unreality of fiat currencies.

Now we see the manipulations surfacing. Curious and criminal evaporation of segregated funds. Non-standard practices, quietly reported, so as to be forgotten. Ethically flawed mechanisms, providing unfair advantage, to a special few. Electronic high speed algorithmic trading, that allows for markets manipulations. Practices and policies worldwide, that benefit only banks and disregard people, to the point it brings demonstrations to the street, in country after country. All of these causing pain to the great majority, and greater wealth to a very few.

This economic trickery, with a massive campaign of propaganda behind it,  keeps saying it’s all going to be okay. I don’t see how. Economic austerity, government budget cuts, these are all mantras banged into our heads in every paper magazine, or video media news source. All policies I find to be counter productive,  in achieving the desired goal. I look at this cross-purpose with scorn and contempt.

There are  questions I find hard to answer, in the wake of all this advancing scandal. The question is, where are the accounting firms in all this? Why does the SEC settle each scandal that’s revealed, for mere pennies, in comparison to the damage done? Why do these grand economic schemes, all vacuums to middle class saving, find such support? Why are class caricatures, used to vilify the weakest among us as the problem?  Why isn’t the coming inflation, a bigger story?

All my questions have answers. All of what I’ve stated have one thing in common. The commonality is the structure of power and how it relates to the wealthy. It’s about the control of people and the move to a two class system. I call it a W-W theory. W-W stands for the “Weak and the Wealthy”. I use this as a base concept, in the powers that be, desired goal.

We view network news that’s only in sound bites. We watch reality television that shows no reality. We live disconnected lives, only surfacing every four years, if that, thinking we’ve participated in our democracy. We are economically illiterate. We are complacent. We are trusting of those whom culture has told us require respect. We are spectator in the Roman Colosseum. We are Lambs lead to slaughter.

I have a dream. The dream sees better days. The dream has a completely different perspective than the present  paradigm. Some have called it “waking up”. Some have called it becoming enlightened. I think it to be simpler than that. I call it paying attention, and being concerned about the future. I dream of that. Why do I dream that? I dream it, because we’ve been made blind by a constant diet of the inane and unimportant drivel. We’ve been lulled to sleep, with a system of control so insidious, some think of  it like a best friend. The control, your television. There’s good to be found in broadcast media, but understanding what your seeing, why your seeing it, and it’s effects, aren’t often considered when clicking the power button on the remote control. My dream is for my fellows to be aware of the systems of control, and see through it, once and for all, and change it.

Bankers Greed and European Monetary Union Sabotage.

It is true that those countries within the EU’s monetary union, who have received Bailouts, are now in greater debt then when they first released the information about their failing economic structures, and their need for bailout. This was the original plan, not a result that has happened to occur, by mere chance alone.

Let’s look at a situation between Greece and two large Banking structures with the EU, for an example of the circumstances that face us all today. But first, it’s good to know that you can find these example throughout our world today. All one has to do is look. The first mention I’ve found describing the plan for the last 30 years of change, and it does so to a tee, was in a speech given in 1974 by Robert Welsh (John Birch Society founder, I believe). Where in he lays down step by step, way back then, the issues we as citizens, and not government and top industry officials, who are in the loop, confront today.

Here we go, When Greece had it’s debt write off, better known as “The Haircut”. Those banks who sustained losses by the writing off a portion of those bonds value were all private banks, not the EU Banking facilities themselves. Those facilities took no loss. This haircut, put stress on private banks having lost much capital. (We here, aren’t touching on the bankers choice to purchase said crap, that’s another story.)

The ECB, (European Central Bank) being what it is, and having the power and position it does, was one of the institutions that took no hair cut. In fact in there original bond purchase they were able to buy at a discount. This was in an effort to sweep the true circumstances facing the EU’s monetary union under the table, by propping up of the failing state of Greece. This action buying the EU some time to, well hope for the best. Time was and is to short to make the systemic changes needed, to each government, as they well know. From the start, that’s all they could do with their flawed plan, of a one size fits all currency, was to hope for the best.

Many bailouts later, as we push towards present time Greece, we find a back door bailout. This bailout was away from the sight of the people, as the ECB, now worried about their own future, and rightly so, because they too see the inevitable outcome, caused the Greek effect on the EU. As the contagion spreads through the EU’s Monetary Union, this plan was hatched, to perpetrate one more crime on the Greek people. The ECB forced Greece to take a loan from the EFSF (European Financial Stability Facility). The first loan they called for was 5.2 billion Euro, with 1 billion going to the Greek government to keep it going, and 4.2 billion to paid off Debt. That was only the first plan, and it was set aside for the second plan. This plan they followed through on. This second plan of forced Greece to take a 4.2 billion dollar loan. The whole loan was merely going to pass from the EFSF to Greece, and hey here’s the kicker, then would travel Directly to the ECB, because that was the debt the ECB wanted paid off.

I find this truly amusing a central bank forcing a sovereign state to take a loan to pay back it’s self, but hey that’s still not the best part, and sadly is becoming more common. When the ECB purchased those bond, the ones they required Greece to cover, they purchased them at between a 20% and 30% discount of there total value. Now as they recover on those bonds, they collected a 4.2 billion dollar payment. Strangely that is the full face value of those bonds.

If we stop for a moment and do the math on this transaction, we find the ECB recovered 840,000,000.00 Euro they were never entitled to. This action slicing more capital form the now most impoverished monetary participant in the EU structure, Greece. All this without the struggling citizens knowing a thing about the theft of the 840 million Euro, or the further debt their own monetary union had just forced upon them.

These thefts, as we can plainly see, are not “Isolated Incidents”. They are now, the rule not the exception. Look at the Jamie Diamond hearing yesterday, where a senator/representative, fawning over Diamond essentially said, tell us how we can make it easier for you to steal. Remember they are in the loop and asking this question, of a for profit scandalous banker.

This is not over. The path is obvious. The numbers don’t match, and all that’s needed is a little panic in the markets, for them to crumble. An issue Diamond also mentioned, as if it was in the works. After all he admitted that they had bet in their multibillion dollar loss, that the world economy would fail. Do you think they won’t do it again, especially considering the power they have to cause such a panic?

When one hedges, it’s usually so if the original investment fails your capital is retained, in a zero sum gain, JP Morgan was planning to make money with their hedge against their own investments, also a hedge against you and the rest of the world success. Unethical in the least, on JP Morgans part, however the congressional love festival during his testimony squashed any possible truth coming to light, for the public. I hope the public comes to their senses soon, and moves to stop this manipulative control of banking and business over our politicians and governments.

The middle class is falling, as it was planned. Soon we will live in a two class world. Take your government back. Make a return to one man one vote. It’s all that will save us.

This is  most important, as the new Asian NAFTA is being negotiated behind closed doors. Behind closed doors with over 600 companies working to write this Asian Trade Agreement and Alliance, that will include 8 countries, if memory serves. All this without any legislator ever having reviewed at it’s wording.

We are being marginalized as world citizens. Our needs our realities go unaddressed and ignored, in favor of throwing trillions to banks, that the unrepresented tax payers, world wide, will be required to reimburse. This is why I worry for people, and have become concerned for you and your family for you. The futures been laid out. The plan has been obvious for some time. When will you see all you hold dear is fading, and take a stand and say no these things are wrong. If this doesn’t happen soon, if we don’t stop it and change it, the future of the American laborer is what we now see in third world labor forces.

For all of us, I hope and pray.

The Economic Butterfly Effect and Election Day

The contagion continues in the EU, as their markets realize losses from the purchase of credit default swaps, based in our sub-prime mortgage market debt. This because of the Fed’s policy of lowering the interests rates. Doing this, they themselves created the 2008 bubble burst.

 Games Theory, with it’s “Fuck You Buddy” principle, and understanding human nature, just at it’s base, should have been enough to return with a different Fed result. But no, a housing boom was a good thing, being a way to distracted the people as doom fell and war came, and as the citizens rights were taken away. It was an excellent ploy.

We saw the results here in 2008 as markets dumped, and a fall started. All this began back in the Clinton administration, under Alan Greenspan. The boom was amazing, but look what’s happening now. Also know, what comes around goes around. I’ll explain.

Our bursts was felt everywhere, as market flow is now internationalized. Our home loan establishment and banking industry knew these credit default swaps were total crap. However, with the American origin, and by slipping in just a small amount of top rated loans in those credit swaps, they were able to pass them off.

I see this move in the credit markets was a mirror of what Japan’s banks had done, setting us on a mirror of their path of stagnation. A problem I think we all see, and a situation only exacerbated by the export of jobs, because of offered tax breaks. I love us, (the government) essentially paying to have our jobs taken.

Hilarious, but I digress, lets move on and go back to the EU problem.

I had said in the past Ireland was toast, and they just confirmed that with their vote. Staying in the monetary union will bring future economic crisis to the country, on top of already troubled times.

That said we go back to Greece, and the rise of the right. Greece was an immigration stop for many looking to stay in the EU, for whatever reason. With the downfall of the economy, and added austerity measures there is now a competition for resources. I spoke once in the past about a sort of famine that would come, and the nationalism that would rise. This can now be seen in competition for available soup kitchen meals. (Those posts are mapped as Greece, on my timeline.)

Greece even after bailout is, as I’ve said, destine to leave the EU. I believe this to still be true today, as they can still not maintain their national government, as the majority of the past bailouts keeping going to cover banking debt. This again from our fall out, and their own lowering of interest rates in their lending/credit markets.

This is matched across the EU, adding their own insult to injury. The injury was the manipulation of grading the security of these credit default swaps. We, our banks, lied, here and knowingly. The purchasers were ignorant of what the swaps contained, as those financial instruments were made as complex as possible. The ignorance of the market, was falling for the scam and essentially going on trust, in their understanding of the instruments. The markets went into a frenzy for these products, The thinking here at home was that the houses and properties we purchased would always grow in value. The myth had been perpetuated through the lending advertising campaigns, promoting the American dream of home ownership, good bad or no credit. I mean please.

The trend continued on the coattails of the American boom, in other countries. Our fiats were sealed.

So truth time, as I’ve tried to express before. Greece can’t stay in the EU. Spain won’t be able to stay in the EU. The contagion continues to spread, and will spread more. ECB money printing will continue, as will Federal Reserve. There will be other countries that will need bank bailouts. Those bailouts will lead to stress, on already stressed sovereigns. This stress causing the governments to slowly fail, adding to everyone’s pain, as the social uprising continue.

This is because none of us will willingly take our medicine so we prolong the pain. The pains going to continue too, and come back to America to reinfect our banks with their failing union and our own investments in it.

You either lessen the countries stressing the monetary union, allowing “orderly defaults”, as they exit the monetary union. The other side only sees future uprising, and it spreading to a wider area geographically. Letting them leave allows them the possibility to recover as nations. This is not unheard of, as we have examples of this path being a success.

The other side sees Germany finally breaking the entire Union, and leaving alone in the end. The bitterness because of the time it takes for this to play out, would leave permanent political and social conflict. Vilifying Germany again, but for economic genocide this time around.

When the Financial System is so complex, and completely lacking transparency. When the regular investor isn’t clear on the difference between an investment advisory and a fiduciary, because they try to hide their true nature. When our interest rates are set by the Federal Reserves, or an ECB that knows it’s actions with interest is driving an insane bubble, and they don’t raise rates, but lower them. When they give close to free or free money to large borrowers, so they may gamble against their borrowers betting they will fail. so the bank will make profit anyway, as they watch ordinary citizens fail, even die.

Yes we are pretty much screwed here, in this election season, here in America. Don’t try to fool yourself. When banks don’t work for you and the politicians work for the banks and big business. When there is no limit to a media campaign that allows political influence, one that can be based in half truths innuendo or speculation, there is nothing left for a regular person who loves the country, to stand on.

They say “no taxation without representation”. Well folks you can stop paying because none of you are. Really, no matter your Ideology, you are longer truly represented but our government. They are beholden to others not you. I’ve heard many people use the phrase “wake up”. Well, it’s time to wake up to this reality, and Change It. If you considered yourself and your young family middle class, many of you won’t be for long. If you felt your parents were set up for retirement, that situation has most likely changed changed greatly, over the last 4 years. You’re not being considered by any party, so it’s time to end their party.

Change takes time, even when there are no political obstacles, as there have been in our legislative branch for some time. Be patient, nothing good is going to be easy, and nothing easy will help now. Stay strong America and be watchful,,and critical of the establishment, as that’s our job as citizens, and we’ve not been doing a good job….. No matter the ideology you espouse. I’ve called this election a case of red death or blue death, but you can also look at it as the battle between A Tool and A Fool. And folks, that’s fair and balanced.

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