Monday, November 8, 2010

Banks Are Holding Us Hostage

This should come as no surprise to anyone with a pulse, but the level of bank involvement is becoming staggering. In Colorado, a very rich Morgan Stanley banker was charged with a misdemeanor hit and run even thought the person he hit was very badly injured. The DA said he wouldn't prosecute because "it would hurt his(the banker's) job and pay." He really said that. So if you need look any further that our laws are no longer for everyone, this should be a wake up call. The police and the courts are not here to protect you but to serve the will of their masters. With the rumors of bank holidays still rampant on the web, one should heed this call, even as unsubstantiated as it is. If a bank holiday does occur, you won't be allowed to take out cash for any reason until the holiday is lifted. FDR did such a thing back in thirties to prop up failing banks. Are we due for another? This past weekend ATM's crashed nationwide for a certain period of time, possibly due to daylight savings time, possibly for more nefarious reasons. The date of November 11th has been mentioned as a day to watch for, especially considering the currency war going on after Bernake said the US would be buying 600$ billion in bonds over the next eight months, spooking markets and governments worldwide. With many a financial expert saying that the US is broke, we have to wonder how long this shell game can continue. With Obama's inability to do anything to fix the crisis, other than the typical watered down nonsense that he passed last year which fixed next to nothing. Without the reestablishment of the Glass Stegal Act, harsh regulations on derivative trades (as they did in Germany which seems to be working, and a severe uptick in taxes for both corporations and the rich alike, we are screwed. They keep saying it's not about class warfare, but then they do exactly that at every turn with their "let them cake" attitude. I feel the end may be coming sooner than I'd like. Will we fall into anarchy or will fascism rise. The real question is would you rather want peace or freedom? We can't have both.

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