For some, the "Market" was God - Now God is Dead.

[kentuck]

Since our inception as a nation, we have had booms and busts in our economy. Just when the most brilliant thought they had it figured out, a fatal flaw would appear and once again destroy their dreams about the "invisible" hand and the magic of the "free market". Many of the booms and busts of the past were tied to gold and silver. The most recent bust is tied to paper money.

The latest bust may turn out to be the most serious of all. The entire banking system became the main player in a worldwide scam to make money off a pyramid scheme of mortgages and real estate, buying and selling as many times as there was a sucker around willing to pay the price. Nobody knows how serious it really is because the bankers will not tell. And there are no regulators to sift thru the numbers to find out the truth. They simply ask for more money and our gullible Congress forks it over. No questions asked. Because the "market' must survive.

There were those that put all their faith in the "market". They even wanted to invest the Social Security trust money into the market. After all, the return would be much higher than the measley 2 or 3% on Treasury notes, they said. Of course, that was before the market collapsed under its own weight. It is now half of what it was just one year ago.

Still, there are those that refuse to see the truth. The entire stock market is a scam. One of their last ventures into scamming the public was in their bidding up of oil prices to over $140 per barrel. There were no shortages of oil and supply and demand had absolutely nothing to do with $4 per gallon gasoline. It was a scam by the traders on Wall Street, pure and simple.

Now, the rats are jumping ship. But before they jump, they want to steal as much money as they can from a gullible Congress and public. That is what the $700 billion dollars bailout was about. It was not to help people that were foreclosing on their homes. It was not to help jumpstart the economy. It was not to give loans to new businesses or to loosen up the credit markets. It was simply to fill up their own pockets for when the hard times really hit. Paulson has taken care of Goldman Sachs very well, thank you.

Regulated capitalism can work to make standards of living higher for most of our citizens. However, uncontrolled greed and unregulated markets always end up in disaster. Always.

[fascisthunter]

1. Free Market=money for nothing scam of the century

[patrice]

2. not paper - Money is eletrical potentialities that represent 0s and 1s, in various

PRIVATELY OWNED magnetic(?) storage mediums.

[Veritas_et_Aequitas]

3. It's completely out of context, but I could see the neocons' Zarthustra lamenting:

"God is dead. God remains dead. And we have killed him. How shall we comfort ourselves, the murderers of all murderers? What was holiest and mightiest of all that the world has yet owned has bled to death under our knives: who will wipe this blood off us? What water is there for us to clean ourselves? What festivals of atonement, what sacred games shall we have to invent? Is not the greatness of this deed too great for us?"