Friday, March 14, 2008

An Old World Order!

Today's Fed actions led me to further think about the current state of our economic system. I have gone over in my mind numerous time about one fundamental question. Under what kind of system are we living? Is it Capitalism, Totalitarianism, Fascism, Communism or Socialism? Today's action provides the most direct evidence that our system has devolved back to FEUDALISM, or FEDALISM as it could be more aptly called today. This remarkable act of bailing out one investment bank so that their derivatives wouldn't have to be marked to market proves the oligarchical nature of our society. The Lords of Wall Street are under the protectarate of the FEDal system. We the fifes must go about our daily lives and hand over increasingly large sums of our hard earned "money" to ensure the "stability of the markets". What bonus should Mr. Schwartz receive from the taxpayers largesse? As the new Sheriff of Nottingham, Ben Bernanke, and his sidekick, Hank Paulson, go about their daily adventures in destruction of our savings by debasing our currency, we the fifes can only look upon these actions with disbelief. This is a supposed to be a democracy, yet all these decision take place behind closed door under dubious circumstances and have unknown future consequences. This has gone far enough. We should demand the immediate resignation of Ben Bernanke and Hank Paulson, and start having some transparency in our markets. These ridiculous anti-Capitalism, anti-competitive, anti-free market, Save our Crony friends at any cost policies MUST STOP! Robin Hood, where are you?

6 Comments:

Anonymous Anonymous said...

unknown indeed

7:22 PM  
Anonymous Costa Rica Property said...

I truly believe that it is capitalism at its best, but hopefully more social services are to be delivered for americans, starting with healthcare...

11:12 AM  
Blogger thedannywelsh said...

This comment has been removed by the author.

7:40 AM  
Blogger thedannywelsh said...

I can totally agree with this post. With the government bailing out different investment banks so that their derivatives wouldn't have to, it seems as if, like you said our system is FEUDALISM.

7:43 AM  
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4:44 PM  

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