All In
by John Wolf
Who are the real shakers and movers? Let's not forget Congress is a stage with lighting, cameras, and filled with actors. They're on TV 24/7. They live in a bubble of self adulation and spend most of there time shaking hands and campaigning. I'm not sure if they count at all. The people that make things happen are in the ivory towers of New York, Chicago, LA, Atlanta, etc. and they don't include Congress in their teleconferences. Computer networks have made it possible to do big things fast, before a legislator has half a chance to know what's going on. It's clear you can create a financial scheme of which there is no regulatory statute and employee it, move money, profit greatly, and even collapse a few competitors without being detected, because a law against it hasn't been written yet. If you conclude the regulators, inspectors, and hired protectors of the financial system were the slightest bit honest and worthy of their high pay, it is obvious all this current financial melee went past them like a rocket sled.
Our challenge is how to motivate the sharks to be our sharks and not bite us. These brilliant minds are looking after themselves and are above the law, because they are clever enough to circumvent the law. I also agree with the sentiment that history will repeat itself by granting America its first dictator, if we don't get our act together. All through history, it's the financial collapse caused by greedy leaders, corruption, and incompetence that causes enough chaos that the ruling bodies —lazy as they are—aren't able to correct the rocking boat until it capsizes. At that point, it's the survivors clinging to the bottom of the boat that bring about the proper change. They are motivated by primeval fear of dying. It's the only motivation strong enough to push the dolts out of the way before everyone drowns, but don't count on Congress to solve any problem. They can document the problem, they can erect a monument to it; they can even give endless speeches about it, but they don't know how to fix it. The sharks do. You have to win their favor, kiss their feet, or cut off their heads and start over. Let's hope the swords don’t' start coming out from under mattresses.
What about your finances? Well, I wouldn't count this as the bottom yet, and of course, the time to have sold short is long past. We have a lot of collapsing to go through yet. It's like watching a Spielberg movie where the hero falls down a cliff, a car comes down on him, the tree he's hung in breaks loose, the car catches fire, the burning fuel sets the tree on fire, the hero falls further, but is saved by dropping into a lake and swimming away as the tree, car, and ensuing fire ball hits the lake behind him and goes out.
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Nothing is going to get better until we get the sharks on our side. These financial wizards with their computer networks that circumvent all governing bodies around the world are not regulated or overseen even if the books were filled with laws, because they live out of the reach of the snail-pace governments, like ours, that bask in the sun, waving the fan of incompetence over their faces, waiting for someone else to solve the problem. The finger pointing at each other in frenzied motion like scalded hens running around a chicken yard is getting tiring. They can't solve a problem. They don't know how. Only the sharks do.
It's too late to buy gold. I don't know what you do if you're still in the market, except lose. The next glimmer of hope is to live long enough to see the stocks that don't go bust to come back, but we may be a different country by then, run by a dictator. I’m not really counting out the miracle solution that might come from some new brilliant mind that sees through the haze and gets an audience before the altar of the government. America is amazing that way. We may even have such a man at the helm as I write this. What this is, is Texas Hold’em, and you-all have just declared “All in” as you push all your chips to the center of the table.
There is another glimmer of hope. The recent turn-around in the stock market signals those clever sharks just figured out another scheme. This time I'm going to bail out before they take my money—like that's gonna happen.
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Politics is not my forta, but in the last year I've become humbled by our pathetic leadership, it behoves me to at least speak out. I write to stimulate discussion and must disclaim any issue these articles give some. If you have a response, please be civil. |
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