That Sinking Feeling!

I have a sinking feeling that despite all Obama's efforts, the U.S. populace is about to discover exactly what a Third World nation goes through. The standard of living is about to crash because people are still discounting the pejorative effect of Reagonomics. Wealth has been redistributed criminally and interest on deficit spending is making the government more and more a deadbeat entity. Not taxing the rich and running a country on borrowed money is unsustainable. It is time to pay the piper!

What's about to happen is this latest heist via the banking system is probably the last straw for an overspent, non-producing country like ours. Yes, it's nice to build an industry based on money dreams like investment banking; but this industry seems important only because people were led to believe it was important and necessary.

Common sense tells me, giving strangers money to manage for me; only leaves me open for theft. All I have to go on is a promise this manager will look out for me over his own best interest. Yeah, right. Everybody is trustworthy over a penny. Make it ten thousand dollars and that trustworthy persons starts to sweat. Make it a million dollars and the person you believed in wholeheartedly is suddenly buying a condo, with no way to account for his windfall.

What's the point of saving for retirement, when the investment industry is out to steal my retirement savings before I ever get it. This industry has one goal. To convince me to offer up my cash; so they can pilfer as much of it as possible before I get a return. The Disclaimer that investment funds are not insured by the FDIC, is like catnip for investment houses. Who can resist the lure of managing a clients money in a way that benefits the investment house instead of the actual clients. This is why investment bankers make so much money. They steal from clients legally and then use that principal to invest smartly for themselves. The average investor is just the rube offering traders and bankers start up cash for their own schemes and dreams.

This is the problem with Wall Street. People lie, steal, and cheat. Therefore having a suspect industry account for 40% of your nations GDP is crazy. And that's where we are in America today. How do you save a country by really throttling down an industry that is the main product you have to sell?

The big fear in Washington is that people will finally realize investment banking is rigged, and stop giving these criminals money to steal thereby killing a big chunk of the US economy. This is all about trying to save the US sanctioned legal casino that has burned people over and over again, throughout the world. Because it's such a cash cow, the US government and the President must keep it afloat, even thought it deserves to be flushed as the huge criminal enterprise it really is.