Re: man down
One thing I think is a mind bender for most out there is to come to the understanding that the protesters, the media, ourselves to a degree, the Gov, LE, Banks - are merely actors playing a part. The script has already been written and now everyone is merely running lines.
Many around here are 'conservative' minded persons that live within their means, try to think and act in the best interest of themselves, their family, the Nation - providing that it does not injure another.
We might even say that those that did not live within their means are responsible for their own actions and have little empathy for them. Not saying that isn't a correct thought mind you, but zoom out for a second:
Consider how central banks work. If you aren't familiar with them may I suggest
The Creature From Jekyll Island. Regardless, know that the basic game is simple - the gov allows the FED to create money and charge the tax payer interest. Commercial banks buy money from the FED, local banks buy from the commercial banks, local banks loan to you and me. Interest is charged at every step along the way and ultimately we are responsible for every last dollar of it. Cheap credit = increased economic activity = perception of 'good times' = political wins. The biggest commercial banks play a game wherein risky loans are made, they go bad, it becomes a critical issue to the nation, the loan is recapitalized and reamortized (again with printed money that the tax payer pays the vig on from day one - and guarantees via the Treasury against it going bad). When it does go bad, the commercial banks are able to either be made whole and jettison out first (Solyndra) or skim the profitable assets off and leave the taxpayer with the underperforming crap (Penn Central Rail -> Emergency Rail Services Act of 1970 - with $125 million in loan guarantees -> leading to the split of the performing asset for the bank - CONRAIL, and the crap for the taxpayer - AMTRAK).
Again - Congress instructs private banks (the FED) to increase the money supply - and we all pay the interest on that money. In addition to that problem, we don't know how much money they have created. What we do know? Every single dollar has debt service on it - and WE are responsible for it. Did you know that we printed
[url="http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3"]http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3[/url]. The FED has and continues to give Congress and the American taxpayer the finger when the request is made to fully audit them and discover exactly how much we are on the hook for. BTW - when we talk about GDP, understand that @ 14% of our total GDP is debt service on the National debt (or at least the balance owed that is public). Think about that for a minute and what it really means.
When you all do your taxes this spring really look at it them - esp if you are self employed. The savings which take you from Gross to Adjusted Gross to Taxable have a lot to do with how much money you spend on goods and services that the Gov wants you to spend money on. There is favorable treatment for those that pump money back into the econ in key product sectors. B/c of the debt - the last thing the Gov wants to foster is a Nation of savers.
The media plays their part too - we are the hands down masters of the planet at getting people to buy crap they don't need, from a talking fish on the wall to bubble levels that we place on our optics. Is it any wonder a high percentage of people were manipulated into buying an H2 with 24" wheels as a 3rd vehicle and living in a home that they had absolutely no business owning? Did it translate into political wins for everyone involved? Did it generate untold wealth for those that oversaw credit?
Yes there is a significant portion of the population that did some amazingly irresponsible things b/c they were ignorant and easily misled. Unfortunately - we are all responsible for all of that debt now. However and by the same token - what about all of us that accept that the FED can heap debt on the taxpayer and the Gov will act as an element of force to compel us individually and collectively to pay up? Is there a level of ignorance and irresponsibility there too?
The D bags in the park? Yeah they are scripted too. Their role is to divide us and divert our attention away from what is really going on.
Good luck