“The people on Wall Street broke this country, and they did it one lousy mortgage at a time.
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That, my FRiend is communist propaganda. Wall street broke nothing.
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What IS breaking this country is the MBS, the REMIC, CDS swaps and the interest rate swaps. Toxic, broken frauds that HAVE killed the banking industry, but our and the european politicians keep trying to save.
You know, the left is just lying in wait for this system to collapse, and the right is just sitting there and trying to pretend these problems away. IF the right doesn’t acknowledge these problems, THEY are opening up the door to the left SUCESSFULLY getting away with blaming capitalism, when it is really socialism, that is failing.
Who do you want to help? Saying nothing is wrong is just playing into the hands of the left.
Here is a link to Warrens youtube on the Coming Collapse of the Middle Class.
I have not watched it myself.
http://www.youtube.com/watch?v=akVL7QY0S8A&feature=related
—and the right is just sitting there and trying to pretend these problems away—
Actually, the right (at least in my case) is taking action where it will matter: precious metals, seeds, farm land, gold silver and, most importantly, bullets and implements with which to use them to protect the previously mentioned items.
I constantly implore my conservative friends to not waste their time as Dagney Taggart did. It will go no better for them than it did for her, and probably much worse - no “happy ending”. Our current situation (worldwide) has no human or political solution. My most powerful weapon is Prayer.
And as a visiting pastor said at my old church back in the mid-1980’s: “Where would the early church have been if they had put their faith in Rome.”
Countries come and go, and this one had an exceptional run, but eventually human nature destroys what it touches as it always does.
Leftist policy, forcing banks to loan to people who can’t pay back, forcing a practice that the free market doesn’t support -
that’s what caused the meltdown. Leftist policy. Leftist, feelgood, “it works in my head” policy.