Bailing Out American Industry

[factbat] — Sat, 17 May 2008 21:02:35 +0000

It appears that the essential premise behind bailing out ailing industry is the implementation of policies or procedures that then eliminate any recurrence of the fiduciary crisis; eventually benefiting all citizens. Unfortunately, that does not seem to have taken place like many people undoubtedly expected, however, that is no reason to completely abandon the concept of mutual equity.

The government has behaved in a manner that has put most of America at risk, and has helped to create an environment of greed and betrayal that many times appears to be the only way…this is regulation. Many people are waking up to the fact that controlling the market with government regulations just puts the entire nation under the thumb of corruption, and that a large percentage of American’s are contributing to the crises absent of any real culpability. While it is true that much of the culprits may be idiots, and lacking in moral character, they are largely duped by the system and deserve to be saved and given a chance to see a different way, as well.

In seeking to correct the system and implement a more equitable and fair economic structure, it is imperative that all be held accountable, but more importantly, that none be demonized. The current system is very pervasive in it’s course and there are far too many levels of innocent victims for America to allow anyone to be swallowed by the storm. This nation has followed a rather sinister path, and has done much to glamorize thugs and thieves with an over-zealous rebellion that was initially born of good intention's.

The sub-prime housing bubble, created by the Fed Reserve and poor banking practices, has put far too many good, trusting people in dire straits, and has cost much from investors around the world who were, essentially, lied to; to leave them hanging is unacceptable. The real estate market is not a slot machine, nor a poker game, no matter how many people prefer it that way for their benefit.

This nation is over-saturated with credit, and the conceptually manipulative market of buy low and sell high; these are speculation’s, not founding principles, and therefore, cannot be depended upon to support an economy.

That this nation is financially steered by those with the most money, unfortunately, also creates the opportunity for thieves to take complete control.

Make no mistake about it; this is certainly time for blame, and all those accountable must stand and take RESPONSIBILITY for their part…and accept FORGIVENESS. What is needed most is HEALING, and that can only begin with mutually equitable CHANGE.

Coins cost more to make than they are worth

[factbat] — Wed, 07 May 2008 16:35:23 +0000

To pretend that it costs more to make a penny than the penny is worth is nonsense. The price of commodities required to make a penny or a nickel are being affected by the constant dilution of the money supply. As the dollar drops the commodity prices rise. It's not so much that the zinc and copper is more expensive but that the penny we are making now is only worth about 10% of it's value just fifty years ago.

To say that investors are pushing the market inflation is just a diversion. The real root of much of the economic instability is the practice of fractional reserve banking, including the credit market that has morphed out of it. Backlash and blowback from the credit industry has raised prices for all consumers, even those who pay with cash, because vendors are required to pay for the "privelege" of accepting credit cards for purchases. Now, many stores and government facilities will not even accept a debit card (essentially, cash) unless it has a credit card logo, and of course, your purchase price still has the added charge included.

The Economy

Bailing Out American Industry

Coins cost more to make than they are worth