Sunday, July 8, 2012

Greg’s Newsletter 7/8/2012

 by Greg Goodwin

Folks by now I hope you all realize something, the biggest of banks, financial institutions, and international corporations are the basic problem of why we are going through these unbelievably difficult economic times. Sure, we can blame Obama, Bush, and many other political figures and you are right but who financed their bid to get into these powerful political positions?  As I have tried to give you the details on the money behind the system, over the years, through links like www.opensecrets.org it is obvious the system works for the economic and political powers-to-be, not you and me.

 I receive many of what I call “Yeah buts.” Yeah but Obama or Bush or Congress did this and this is why things are like they are (Insert any Federal Mandate you wish). And my “Yeah but” is, “Yeah but” if you follow the money you will see why things are the way they are. It’s the game of political finger pointing while the real power is behind the green curtain (the color of money).

I will give you two examples of what I am talking about. First, the unbelievable section of the Dodd-Frank Act called the Banks Living Wills. OMG!! We know what a living will is, basically giving legal direction with what you want to do with your assets and your personal wishes at or near your death. So why are the banks allowed to determine where their assets go in the event of failure, isn’t that what Federal Bankruptcy Courts are for? Not for them, THEY get too choose where their assets go.

Gee, you thing they might go to their buddies so they still have control of them? Come on folks, this is so blatant, in your face control of Congress and just proves the Dodd-Frank Joke was written for the banks and by the banks. Their justification is THEY know better how to dismantle their businesses than anyone else and if not, it just might cause the entire economic system to fail. Sound familiar? “Systemic risk” if we don’t bail them out and the Federal Reserve pumping trillions into them.
Too me, this sounds like justification to eliminate the national banking system entirely then distribute their assets between state and local banks and credit unions.

Second, how about an $800 TRILLION scandal by the banking and financial industries? It affects every one of us and all they have gotten is a slap on the hand, fines not prison sentences.

While we fight over the politics of this election season, the economic elite (national banks, financial industries, and international corporations) continue to do what they want no matter what the political environment is doing or purposing. Nothing, to this point, has changed anything for we the people, no matter who has been in Legislative or Presidential offices since 2008, except more hardships for the economy.

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