Reply #36: In answer to "How the Fraud Bubble Lasted..."

[jtuck004]

In a post here... by dixiegrrrl, she highlights a link to a Max Keiser report in which he talks about our problems being the direct result of the neo-liberal, Chicago-school economics.

He says our current system is running on fraud, and he refers to an old Woody Allen joke as to why those who could stop it are not...

"Doctor, my brother thinks he's a chicken"
"Here, give him these pills, it will take care of that"
"No, doc, you don't understand. We need the eggs".

It appears that we have a system that is so rife with fraud, and rather than face the pain of letting it all come apart and dealing with it, those in power are letting it continue, even being complicit in its facilitation, because it provides the fuel to keep it all going.

The people in the banks knew it was coming apart, but they just kept pushing things down the road, holding things off their books thanks to the Commodity Futures Modernization Act, using FDIC insured money thanks to the repeal of the last part of Glass-Steagall. Book after book makes it readily apparent that they knew that the only way to keep the house of cards they had built from collapsing was to put more cards on top of it all. They also knew it would eventually collapse, but they didn't want it to collapse on them.

I am continually astounded at the people who hate everything from community centers to immigrants, while these fools on Wall Street have been and are continuing to get away with actions that may well destroy this country. They ought to be sweeping floors in a prison, not chortling on CNBC.

Kaiser goes off at one point. "Sheep, Sheep. I'm through with them...". But is all truly lost? Is there no way to educate and raise conciousness enough that things could change? Should I figure out how to immigrate to Canada? Gotta make sure my dogs are safe...somewhere.