Greg's Newsletter 9/13/12
by Greg Goodwin
Folks, there was another horrible day
in September, the day was the 17th, the year was 2008. On that day
we began to realize the world’s financial system had collapsed.
This series of videos will break down
the economic meltdown on September 17, 2008. The US media should have done this video
essay on why and who caused the greatest financial collapse since the Great
Depression but it was not. It was presented by the Canadian Broadcasting
Corporation. Everyone one of us has been touched somehow by this, yet nothing
to this level of detail from the US media.
This most surprising thing is (not
really), the same game is in play today, the rules have changed very little.
The derivative market is over $1 quadrillion. The too big too fail are twice
the size today. None of the major players have gone to jail, just fines which
is just the cost of doing business. They say the economy is improving, where???
I know where, in the financial markets which caused the collapse in the first
place. The only way they can say it is improving is the Federal Reserve and the
central banks around the world are pumping untold TRILLIONS into these entities
which caused this financial meltdown and other multinational corporations.
As I have written previously, they
can’t keep kicking this can down the road, one day it will hit a brick
wall and then we can start rebuilding an economic system which has no favorites
but an even playing field for those who honestly contribute to a true free
enterprise system.
This how I look at these two
statements reflecting an economic system: Capitalism = Cronyism and Unbalanced /
Free Enterprise = Level playing field pursuing economic success.
I have included this article which
David Stockman (Former Reagan OMB Director) gave his view on why the economic
system is where it is today and what needs too be done to fix it. Be sure to
watch the video:
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