We are all a bunch of FAIRIES!!!!!!!!!!
Alstry Fairies, Techno Fairies, Sinchi Fairies, Gardner Bros Fairies, TMF Blogger Fairies....we could go on and on.......
We are watching our country, its people, and the people of the world get fleeced and we all feel powerless to do anything about it.....not only that, the mal behavior is becoming so open and obvious that inevitably it will lead to social breakdown resulting in chaos.
As I have posted before...evil triumphs when the good do nothing. And right now, all of us are not doing enough.....what is enough????......I am not sure.....but understanding and seeing the problem is a good first step.
Alstry has done his best to warn you for the past year.....it seems like many of you are waking up. There are a few others who have consistently provided excellent material, discussing in a variety of ways, that the entire worlds economy is basically one big Ponzi scheme now benefitting fewer and fewer.
WHAT HAPPENED TO JUSTICE IN AMERICA???
Yesterday, I linked a story about a person who started his own hedge fund, things didn't go quite right, and lost it all and is now delivering pizzas and about to lose his dream home. This was a person, prior to starting his own fund, was making a large income and probably paying hundreds of thousands of dollars in taxes per year. But when things went South, he lost it all and is now delivering pizzas.
What happened to this gentleman and his family is unfortunate...but it is capitalism. You take action, you take risks, if things work out you are rewarded....if they don't, you fall down.....only to hopefully get back up, brush yourself off, and try again.
But Wall Street Financiers did exactly the same thing...made poor decisions, lost on those decisions...AND LOST BIG!!!! In sum, lost more money than the nation has saved since inceptioin.
Now we as a people and a nation are being extorted by these individuals that if we don't give them EVERYTHING we have......they will destroy the "system" and maybe the way of life as we know it.
Is it time to say FU yet???????
Too big to fail????? WTF does that mean?
If you work for the right Wall Street Bank, you get bailed out for you stupid decisions.....millions in bonuses and the legal right to foreclose on the assets of Americans all across our nation. If you work for a Non Wall Street financial institution, the following happens:
Calamitous day sees banks, credit unions seizedThree banks, two corporate credit unions taken over by regulators in evening
At some point in the near future Americans will wake up one morning and realize the entire wealth of the nation is concentrating in a few bankers and banks hands. It is easy to see if you are looking for it. If you work on Wall Street you get bailed out, if you work anyplace else...FU.
If you don't think that your politicans in Washington know exactly what is going on.....either we must remove them right now for incompetence or the anger level of our nation is going to escalate to a point that complete social anarchy will result as it will no longer be a nation of We the People...but You the People and We the Banks.
The extortion can't work...becuase our system of justice has broken down already.
The answer...reward those who practiced virtous behavior....worked hard, saved, and lived within their means by protecting their savings deposits. Those that belived in the Full Faith and Credit of the United States......your belief was well grounded. Those of us that took risks, we bear the responsiblilty of our actions and will have to live with it.
The problem I see now is that if this behavior continues much longer....more and more people will wake up.....many of them will be on the streets. At that point there options are few and none of them are good.
Even if you think you will be fine.....if you are walking out of a grocery store with a bag of groceries in your hand.....and there are a hundred hungry people waiting outside.....who do you think will be holding those groceries in a very short period of time?
You question Alstry??? Good!!! you should. But go down to downtown Detroit with a bag full of groceries and walk down many many streets at night.......see what happens???? Don't do it....but you get the point.
A potential solution:
ALL insolvent institution should be shut down or restructured. Not a dime of tax payer money should go to employees of a failed institution. All shareholders and bondholders get wiped out to the appropriate restrutured level. All bonuses that have been given to any bailied out institution, when it was known and should have been known that the business was insolvent, should be taxed 100% and those responsible for giving them out should be charged with CRIMINAL FRAUD...just as any taxpayer would be for cheating on his or her taxes and keeping money that rightfully belonged to the taxpayers.
Should we bail out Madoff and give him a bonus for his improper behavior????
Any taxpayer money should go to funding a NEW financial institution that is well capitalized and has the CONFIDENCE OF THE PEOPLE AND THE WORLD. A new clean financial institution would be a magnate for private capital and would lead the way for any recovery based on integrity sound business practices.
The current institutions are so corrupted that they simply can't stand. They have usurped the American System of Fairness and are destroying our moral fabric. The few are stealing from the many and the many our sitting back and doing nothing.
Our politicans have been bought and there allegiance is to Wall Street and not the American People. K. Denninger posted this video and I think it is very good. We need more politicans like this:
Alstry has a pretty good ability to read people and situations. Trust me, I know how to piss people off if I want to.....I know many of you who read this blog could never fathom such a situation...but I have been known to INTENTIONALLY mix things up a bit. Make no mistake about it...many were involved in this financial ponzi scheme. Many improperly took advantage of game and now a few are bein rewarded for their criminal behavior. How long do you think that will last before people get upset and agitated.
We basically have a network of Wall Street dealers of financial crack and a population who took it and enjoyed the party. But, when you financially reward the dealers and punish the users....you get an imbalance of justice. When the scales of justice tilt too far in one direction, social order breaks down.
We CAPs players have a little more interest on this subject then the average person as we are playing this game. Some of you have amazing insight. For some, investing is more than a game...it is a passion and a way of life. It drives positive changes in society and rewards those who are fortunate to take the right risks and punishes those who may not have been so fortunate. The system is not perfect....but it fosters freedom, independence, and the pursuit of excellence and better than any of the alternatives currently available.
If we allow the current process of paying off the dealers and punishing the users to continue...in the not too distant future there will be many many families infected with the FU virus out on the streets with only their wits for survival. The epidemic will spread as few will have jobs, savings, or means to support themselves.
Think about a situation where each time someone walks by your house knowing you have food inside and they and their children are hungry....do you think they are going to keep walking by??? You think a gun is the answer??? What if it is a thousand, or ten thousand hungry people outside...all hungry and all knowing there is food inside????
Don't you think its time to start addressing the problem responsibly. Let's stop rewarding the dealers and start figuring out how to deal with a growing population infected with the FU virus. And let me tall you....the numbers infected are starting to grow parabolicly. Soon it will be too late if we do nothing........so many will be infected that there will be no social order.
Why are we a bunch of Fairies????....you should be able to figure that one out.