Let me start by saying…the “Federal Reserve” is not Federal…and they certainly have no Reserves.  The formation of the FDIC has allowed certain pockets to be lined for decades. 

Watch this video….from 2/8/10.

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1153419

“It’s a conspiracy, man”….from Cars.

Surely this type of robbery cannot occur.  Right ?  Well, don’t be so sure.  For a full discourse on how our Financial System REALLLLY works…pick up a copy of the Creature from Jekyll Island.

It’s a really long story, but the bottomline is…this is how the Fed originally wanted stuff to work.  So, don’t be too alarmed when hearing or seeing that this is how your tax dollars work.

You know, basically, the banks are working within the systems and constraints that our government is providing for them.  It is allowing them to make crazy returns on their investments as well.  We, as investors, can do the same.  We can learn to adapt and utilize the system for our benefits. However:

We will not lie, cheat, and steal our way to the top.  Remember, humanity, and morality shall outlive all that greed has to offer.  Greed and short term gains are nothing, without our knowing we are still living “right”.  Some people and companies take advantage of any situation for the bottom dollar. 

When Hurricane Katrina hit, many companies and people made millions.  Many took advantage of a bad situation and turned it into illegal goldmines.   Many government beauracracies profited.  However, many people went without food, water, shelter, and the basic needs of life.

Same goes here:  don’t get me wrong, for the most part, I feel no sorrow for self-inflicted, over-extended homeowners who bit off more than they could chew.  Yes, it stinks.  However, yes, we are required to be more prudent with our finances.

For the banks to take taxpayer money out of this situation, and profit from it….it’s a shame.  One of these days, when our country truly realizes what is going on with our financial system, there is going to be a lot of ugliness.  I can tell you one thing, it is not what our forefathers envisioned in 1776, when they were sacrificing their lives to start this country. 

I know I’m off topic today, but needed to share…

Filed under: "B"randomness

Like this post? Subscribe to my RSS feed and get loads more!