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Paradigm; refers to the models we follow in life, whether that be politics, religion, or relationships between individuals and corporations.
Thus todays post, with particular emphasis placed on the relationship between American's and the companies that control their lives.
Many of us have experienced a downturn in our incomes and asset valuations since 2007.
As the economy spiraled into recession, our homes foreclosed on, cars repossessed, our overall standard of living plummeting like the value of GM stock, or the crumbs of the once mighty Krispy Kreme Donut empire sinking into the sludgey remains at the bottom of your Dixie Cup.
Today the average American's net worth is 1/3 what it was before 2007.
Personally, my position is shall we say, less lucrative than that.
We all watched helplessly, as our 401k's and real estate lost value as fast as the Titanic took on water. The ships crew(Congress) haplessly fumbling about to save the wealthier passengers(banks and auto makers), while the 2nd class (Middle Class America), and steerage passengers (The Poor), were left to drown. Five years later the ships crew is still haplessly fumbling about pointing fingers for their failures, at any and all phantoms(Ben Bernanke, E.T., whoever...) while never acknowledging the fact that we are where we are, because the ship's helmsmen turned the wheel over to a cabin steward while abandoning ship.
Congress abdicated their responsibility to our nations fiscal health to a cabal of private bankers almost one hundred years ago. With the formation of the Fed came the Income Tax and the IRS; really what better way to build a private banker slush fund than enact new taxes on the personal income of the masses. While simultaneously passing legislation shielding the wealthy from this new responsibility of citizenship. Resulting in the "serf-ication" of the 99% that are equal parts prey, and indispensable servant. Prior to this treason America was a creditor nation, with the most productive economy in the world. We have since become one of the most indebted nations in the history of civilization.
Thats what the Federal Reserve is friends, a private banking slush fund loaning money to banks at interest rates well below market value, funded by our tax dollars. That's right, the very banks whose risky trades put us where we are today, did so with our money, and the blessing of Congress. It was Congress that removed restraints put on the banking and insurance industries after the Great Depression, that allowed these miscreants to delve into investment areas previously forbidden them. It was Congress with both, Bush and Barry prodding them on; who lavished money on the banks and corporations that screwed us, rather than prosecuting those responsible for the greatest theft of public wealth ever.
Instead our government chose to scapegoat, prosecute, and publicly vilify people like Bernie Madoff whose crime was to steal from the rich to make himself rich, while rewarding those who stole from you and I, the working class of America. The lesson being that it's o.k. to rob from the masses, as has been the case since the beginning of time, but those who show the audacity to plunder the wealthy will be made an example of with extreme prejudice.
I'm pretty certain after reading much of the written ideas left us by our Founders, Thomas Jefferson most specifically, we have now descended into a state of governance they so presciently warned us of, and rebelled against.
To be continued...
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