Enough Socialism! Capitalism is now dead in America

What is happening to the United States?

Our federal government and the Federal Reserve are rapidly dismantling the America we once knew in trade for a “quick fix” reminiscent of a heroin addict. George Bush was afraid we had an addiction to oil? How about an addiction to government bailouts.

Instead of letting companies fail we are bailing them out left and right with money we do not have. This is now going to cost us trillions of dollars at a time when our government is spending well over 25% of what is coming in from taxes. It is true that if the government did not step in to take over trouble investment banks, banks, and insurance companies that the economic system could potentially collapse as a result of both public fear and lack of trust in our currency, however these cash infusions & bailouts are only exasperating the problem. Whereas we were anticipating a very negative economic situation ten years from now (see I.O.U.S.A. documentary as an example), this year the government has multiplied the negative economic situation causing a more serious situation in five to eight years.

Looking at the spending demographics for the future…well…all I can say it looks very bleak with few places to put your money. So today, when the markets rise thanks to this new “solution”, people with a long term horizon of investing should be shorting the market. Oh, that’s right, I almost forgot, the government has put into effect some mechanisms no longer allowing you to do so! What a convenient way to falsely prop up the market – do away with things that could potentially pull it down and everyone can continue on in the blissful Matrix. Enjoy the market’s rally for so long as it lasts.

The smarter money is leaving this country by the billions. And when Warren Buffett pulls out of insuring bank deposits, you know the game is up.

It is a sad day when so-called Wall Street capitalists have traded in that hat for one that is socialistic, if not communistic. And why are they so willing to give in? To save their own hide.

Although I have used the blog for other things, look for more commentary on the financial markets in the future.

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1 thought on “Enough Socialism! Capitalism is now dead in America”

  1. it’s hard to object to the government’s mass bailouts as similar debt-producing methods were put into action to bring the U.S. out of the Depression… our economy has been supported and driven by debt ever since

    Like

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