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Help speed the collapse of the whole rotten financial structure
by Leon Fisher, Unknown News
leonjfisher@webtv.net July 14, 2008
If you want to know what the exploiters of working men and women in
America are up to lately, you have to tune in to your local business
radio station, which in my case is Bloomberg Radio, 1130 on the dial. It's
owned and operated by Mike Bloomberg, billionaire and Mayor of
New York
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Of late the talking heads who are featured on this
station, who represent the interests of Big Business, have been talking
more about overseas investment, with diminishing focus on our own
economy. It appears that these experts on things economic are no longer
attempting to convince investors that the present economic troubles here
in America are just a blip on the radar screen, or as they like to put
it, an adjustment.
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In fact, the news has been so bad lately that when
the experts are asked by the shows host when the economy will begin to
show signs of improvement, they keep on pushing the date further and
further into the future. When the first signs of trouble began to appear
last winter with the housing bubble, the experts at the time
predicted that the economy would be back and running in late summer of
'08. This of course has not happened, nor could the so called experts who
made this prediction have believed it would. How could they, when all
the symptoms of an ailing economy were becoming painfully obvious to
even the man on the street?
These experts knew that the housing market collapse
was just the beginning of something far worse, the tip of the iceberg so
to speak, and they were certainly not going to tell the truth which might
frighten investors into initiating a run on the banks, reminiscent of
1929. No, what they have been doing is trying to calm the legitimate
fears of the millions of investors, whose savings in the Stock Market
are at risk and stand to be wiped out all together. In fact, I have even
heard some financial consultants, even to this day, encouraging people
to invest even more money into what is obviously becoming a sinking
ship.
While this is irresponsible to say the least, it is not surprising.
The Wall Street capitalists be-
come even more desperate as things continue
to fall apart. We must understand that this sit-
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We must understand that this situation has not come about because of a change of weather or a witch's spell, but because of the unethical, criminal business practices of the Wall Street bankers themselves.
What is worse is the reaction of Washington, which rewards these rascals with taxpayer bailouts when they should be subject to Congressional investigation, and if found to be in violation, prosecuted. |
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uation has not come about
because of a change of weather or a witch's spell, but because of the
unethical, criminal business practices of the Wall Street bankers
themselves.
What is worse is the reaction of Washington, which rewards
these rascals with taxpayer bailouts when they should be subject to
Congressional investigation, and if found to be in violation,
prosecuted. Instead of defending the
American workplace by keeping the corporate crooks in check, the
Washington politicians have, on behalf of their wealthy corporate
benefactors, declared open season on an already financially hard-pressed
American workforce, hounding them al the way to the poorhouse.
Of course
the talking heads and financial 'experts' will explain all this away with one word,
business, which to the Wall Street moneymongers is the magic word.
Uttering 'business' supercedes everything else, including loyalty for their country
and fellow citizens.
After all, they correct us, it is now a global
economy. In other words there is no longer any recourse for the American
worker. We are to be treated as poorly as are those workers they
ruthlessly exploit everywhere else in the world.
Therefore, my advice to
the American working people, contrary to the suggestions of the financial
talking heads on Bloomberg, is to pull what's left of your money out of
the market in order to help speed the collapse of the whole rotten
financial structure. Hopefully, this will leave us free of the exploitation of
the banks and greedy employers, free to pursue an equitable and just return
on our labor, instead of having it stolen and divided up between the two-headed
beast of parasitic capitalism and oppressive government.
© by the author.
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