Sorry, Chuck. I get riled when I think of my friends losing their livelihood, but I think it's all a done deal regardless.
I don't see how you can overlook bankers in the equation though. If one steps back to look at the big picture, the large banks are deeply intertwined with currency manipulation, even if they would have it otherwise. I'm not talking about local banks, but the large banking facilities wherein credit cards are issued to every person regardless of his ability to pay.
The banking lobby paid handsomely to get the new federal bankruptcy rules in place in order keep a hold on their indentured servants. In special cases where the ability to pay was absent, the bankrupt were relieved of their indebtedness to banks, despite the unusually high interest they were earning. Not so any longer. They will pay for the rest of their lives if that's what it takes. What will be seized if they cannot pay?
Those same banks will receive federal bail out, at least to some degree, for what was always a scheme to ensnare people who couldn't afford home loans. The loans were then bundled and sold to the highest bidder, hedge funds, who repackaged them and sold them to an unsuspecting public. Good bye 401Ks. If I'm correct, this part of the debacle will not be fully realized until next year or the year after. It's Enron on a much higher order. Having lived through the last subprime melt down, it isn't hard to believe that this current melt down wasn't engineered for profit and for gain beyond the obvious.
What's really weird is that many of the same people who can't afford their ARM interest rates, and are abandoning their homes, are also current on their credit cards. I remember a time when that sort of thing never happened.
I don't have time right now to go further up the ladder in the banking system. Check out what the World Bank does in the way of manipulation simply because it can.
I will also say that the public is at fault too. We believe that credit is the answer to having the things we want when it is really a form of enslavement. Can't start a new business without it, but we can manage to leave the ipods and flat screen TVs out of the equation. We don't though.
But if one begins to look at the bigger picture, spending untold dollars on a war machine, the allowance of a failing infrastructure, (check out the current state of the FDA, federal highways, etc.) one begins to see a pattern. We're broke and sinking ourselves in debt on a national level. Our dollar is said to have lost 60 percent of it's value in this year alone. One doesn't have to visit some conspiracy site to see it. Check out the editorials at Bloomberg.com. Some real rah rahing there, but often enough, someone tells a part of the truth.
What happens to this nation when the economic sh*t finally hits the fan? I can guarantee you that this nation will give up its Constitution on a promise that the NAU is going to make things better for us. I just hope that it does.
In short, we have to be ruined economically to get us hungry enough to toss aside what was for what will be. We've reduced our dollar to that of the Canadian. Now we must further destruct to equalize with Mexico's peso. My guess is that we will work with Mexico to upgrade it's economic standard before our final fall, but that's just me guessing.
One has to understand fiscal responsibility to see the big picture. I was a bookkeeper. I know the basics and I know how to stay out of economic trouble. I'm married to someone who has been in the economic community here for over thirty years. With that kind of background, one cannot help seeing the bigger picture when our country is printing and spending money to the tune that we are, money based on oil, what is supposed to be a limited commodity, war, and credit. We're eating our own tail and I have to ask why. There isn't one good answer either.
Banks are capable of being a helpful hand in re-engineering our social system. They just don't do it alone. They have help within the very structure of the country. I just don't agree that it's the bankers alone.
Edit: I don't listen to Alex Jones. I get my stuff from legitimate economic websites. They give me enough nightmares.