Wall Street Is Now America
April 15, 2010
The stock market is not just a proxy for the U.S. economy and American "capitalism"--it is now the proxy for America itself.
Leadership now consists of managing perceptions via the stock market. By juicing the stock market higher by 80%, and promoting that fact daily in the Mainstream Media, America's political and financial leadership (one in the same Elite) has masterfully managed global and domestic perception of itself and the nation. To wit:
1. The stock market is a proxy for the U.S. economy because Corporate America is a proxy for America.
2. The stock market has risen admirably, along with global Corporate America's profits, hence the U.S. economy is fully healed and once again expanding, as is our birthright.
3. We (the leadership Elite) managed to "save" the U.S. economy and American (crony, predatory) Capitalism, thus we are briliant, competent and you should do as we say.
4. Since nothing else matters but the "health" of the economy as reflected by its proxies, Wall Street and the financial sector, then the rise of the stock market is also a proxy for the nation itself: America is once again ascendent because the U.S. stock market has risen so admirably. [more]