Have YOU Had Enough? Are Americans Fed Up?
WE THE PEOPLE (Have Had Enough)
THE seminal question for this year – coming into the mid-term elections – is exactly that.
Have you had it?
Are you tired of being bent over the table with 29.9% credit card interest rates while these big banks borrow at zero from The Fed and use that money to speculate in the markets?
Are you tired of “too big to fail” – better stated as heads we (the banksters) win, tails you (the taxpayer) lose?
Are you enraged beyond words with the fact that this economic mess was not an accident – it was an intentional act of willful blindness and perhaps even fraud?
Do you feel helpless to do anything about the fact that Government has willfully and intentionally refused to both clean up the mess and prevent it from happening again due to the presence of huge lobbying interests in Washington DC – paid for by the very same banksters who nearly destroyed this nation?
Do you realize that we have fixed nothing – the bad loans are still there, they are still bad, that millions of Americans have lost their jobs, that the economy is not actually recovering (despite what they say) and that without resolving the actual problems odds are that within a few years, and perhaps within a few months, we will face another crash – this one likely bad enough to destroy our economy and perhaps our government?
Go over to The Market Ticker to see the facts of the matter.
Wall Street may effectively own Washington DC and the politicians but they do not own us.
WE THE PEOPLE ARE UNDER NO OBLIGATION TO ACCEPT THIS.
WE HAVE RIGHTS.
WE THE PEOPLE have the freedom to associate – or not.
WE THE PEOPLE have the right to demand legal tender in payment of debts owed us.
WE THE PEOPLE have the right to demand that these institutions eat their own cooking on each and every one of the loans they securitized and peddled during these years without fair and full disclosure to the buyers that these loans were rife with fraud.
WE THE PEOPLE have the right – and the ability – to take personal, lawful action with specific, lawful political and business-oriented goals, including permanent structural changes that will end “too big to fail” and “rip off the consumer on demand” policies, including the full reinstatement of Glass-Steagall which will END financial speculation and dealing in all of its forms by firms that have access to Federal Reserve credit and/or any sort of public backstop.
In the coming days and weeks I will outline specific, lawful actions that I hope each and every financial blogger, writer and columnist will take up and push as the key item for the remainder of this year and, if necessary, beyond – all with the intent of accomplishing these goals.
I invite all financial bloggers, mainstream media writing or broadcasting on the financial markets and products and interested politicians to contact me at “karl
starve-the-beast org” with the explicit purpose of joining an effort to formulate cogent and real, tangible yet lawful actions that can effect positive and necessary change. Further posts to The Market Ticker will be made under the Category “Starve The Beast” – so you can find them all in one place. Make this message – this post – viral. Send it to your associates. Send it to the media. Send it to politicians. Get involved and do it now.
The opportunity is now and our responsibility is clear. We either accept that responsibility and act or we are consenting to serial asset bubbles and ever-larger detonations, with the very real risk that the next one destroys our political and economic system both in the United States and beyond.
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