Gillian Tett has a way with words but I must respectfully disagree with some of her column this Tuesday. It needs a better title for certain. Nonetheless, the marvelous manner in which Miss Tett writes prompts deep thought with a dash of that British styled overly reserved humor. Hopefully her audience will cue in on what I did and what I believe Gillian wants her readers to think about—deeply and seriously think about.
I find it difficult to keep up with current events daily plus I try not to keep up with certain things, especially the news because it is so disturbing and manipulative. But I love when someone points out the sheer hypocrisy in leadership, especially “liberal leadership” which is an oxyMoron! Plus, I enjoy when someone reminds us of our ever shortening and failing public memory. I am speaking about the rebirth of the Resolution Corporate Trust!
So, now we have perfectly good & noble word being besmirched. “Legacy” used to mean old standards implying well accepted industry standards that are tried & true. But now I guess it is more politically correct than calling them what they are: “problem assets.” More like “fraudulent assets” if you ask me!
And “free market” used to mean something but today it is a farce. A cruel joke has been thrust upon the common man and common woman. There is no “market.” There is only government and government masters.
The purpose of government is to make money off other people’s money.
If I weren’t for deals with the government the richest man in the world today Warren Buffet wouldn’t be what he is today. So, we continue to “serve” our government, our new masters. Doublespeak certainly makes it more palatable. The left enjoyed labeling them “toxic” assets when it suited their purposes but now that they are in power, they want to continue the theft by expanding their fraud!
Our whole system is based upon fraud and built upon deceit. The fraud & deceit will never go away until one little card is pulled so close to the bottom again—and we have that opportunity today. It is about time we stopped the fraud, deceit and greed by going back to our roots—the only “policy” that can cure what ills & ales us—the United States Constitution.
These are times after which the overuse of psychosociopolitcal warfare has made the overly abused child immune to any more throttling. Rather than correct that young man, he’ll not even realize he was even being “corrected.” He will continue on like nothing has happened. Which is just the effect this name game is going to have on the markets—nil!
Sadly, I predict this name change will have a slight impact of lifting the markets long enough for a few more desperate souls, suckers, to enter into the stock market which will once again eat up “wealth” and “assets” in a continuation of the disappearing act already in play. In other words, this slight of hand will cause many to put their hard earned cash back into the game—in which more of their “wealth” will be taken away from them.
We’ll see a repeat of the Great Depression in terms of a real bottom being hit. Caused once again by government intervention with the greatest of intentions! Since we refuse to wake up and reclaim our Constitution & our currency, our true “property rights,” we are going to lose everything. Then Obama and his minions will have their day, their success, in bringing the US (and the rest of the world) to its knees so that they can become masters over all.
Former Secretary of State Henry Kissinger said that the current crisis is an excellent opportunity for Mr. Obama to usher in The New World Order. Gee, didn’t George Bush, Senior “invent” The New World Order? No, probably that was Al Gore. After all Al invented the internet.
But then you ask, “What does God have to do with this?” OK, I am tossing in the kitchen sink. God is in control. Either we turn to Him and get the opportunity to reassert our property rights, reclaim our US Constitution and cease this theft and world wide murder under the Federal Reserve. Or we might as well get ready for the bloodiest war the earth has ever seen. My preference is we let this house of cards fall and we return to a Constitutional currency upon which to build and base true wealth that will inherently limit our government and those nasty conflicts around the world which have been foisted on the common man and common woman.
Sorry, Gillian, I must respectfully disagree with your conclusion that the ‘clock is ticking’ on Mr. Geithner—when it came out that Treasury Secretary Geithner and Senator Chris Dodd knew in advance about the $165M+ in contractually obligated bonuses at AIG, Mr. Geithner should have resigned. As it stands, you may be absolutely correct, dear, when you say that the clock is ticking on the system.
Gillian, will you marry me?
I sense I have found my kindred soul, my soul mate. Before you turn me down, Gillian, remember what the greatest playwright of all time, Sir Francis Bacon, wrote:
True love is a meeting of the minds.