Wednesday, July 14, 2010

How We Were Scammed

Here is an excellent outline of how we were scammed and are now being ripped off ... if you are just alive, you cannot escape this rip off.  My personal beef is this was clear from the beginning, when it started, and every step of the way.  By step three I was in on the game, looking to clean up on the short side, the only way to protect yourself against the big biz/big govt cartel.  When the big engineered bust happened, shorting was outlawed for me and you, but not for the big banks. SEC Chairman Christopher Cox, who made a name for himself as an honest republican, and a no-nonsense rule enforcer of the financial markets, did what was expected of him when the bad guys needed criminal help. I got nothing!  What a rip.  I would have made a few measly hundred grand, paid off my mortgage, while the banks were getting a cool trillion or so, on the way to trillions more plus perpetual income.  But these guys are like progressives, nobody else gets any.

People who expect govt to behave themselves forget they are people who quickly develop disdain for those they "serve."  There is an alternative to being subject to these people, but it is difficult, and it is called self-employment.


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