Was Bush tricked by the worldwide banking system?Maybe he misunderstood what was going on. But will Obama get it? This is tricky and these other world leaders understand tricky banksters. Maybe we lack leaders who can win. Just losers? The U.S. Congress is chock full of cluess losers. They will just keep approving more money, mo money and mo money. | |
A very good question, probably with bigger scope than you anticipate.
I suspect that both Bush and Gordon Brown have not been tricked by the Banks. In both our countries the co-allition between the banks and Government has been questionable.
Increasingly both economies have been reliant on Banking and Consumerism, facilitated by the retail sector, for the economy to survive retail had to flourish, so the stage was set. Banks where agreeable to looney lending, in return for taxpayers cash when the whole thing went pear shaped. Meantime manufacturing industry can go to hell, its too complex, too dirty and too slow to bear fruit.
So the formula, buy everything cheap from China, rebrand it with a reputable name and sell it at huge profits. companies have no workforce, factories, raw materials, addministration and retailers make huge profits out of consumers frenzied for aquisition of imported trivia.
The Banks got rich out of the exchange rate mechanism, extortionate credit card charges and borrowing by retailers. The Government maintained the accolade of economic growth, collected more purchase taxes, import duties and kept the feel good factor on the High Street.
All paid for by the consumers debt.
The prognosis was inevitable to anyone with a brain cell, the phoney growth was unsustainable, it was good whilst it lasted, but it was time for the piper to be paid, and they were out of the treasurys purse of our money.
The alliance between Banks and Government remains in tact, Banks are in profit, Bankers get their bonuses and it business as usual.
But not for the people who have lost their jobs, homes, loved ones through the demise of domestic industry, debt delinquency and imports.
They are just the suckers who pick up the bill, for the manipulation by the very people who are meant to be responsible for their welfare.
The only ones being tricked are you and me!
Obama can learn from the past mistakes of his stubborn predecessor but bankers are always want to multiply money by interests, self-interests not on helping others especially the vast majority of less affluents, they may find ways to money laundering and stashing ill gotten wealth as long as the person or the organization goes scot free unnoticed or they may wait for congressional debate to freeze that too on only political grounds not to prevent collapse of a financial institution gasping by overly paid CEOs
They may encourage you to invest and live on their expertise once you decided they would discourage that you are a stupid and lazy try to live on others sweat and toil, then how otherwise they get good pay and perks!
YES, you had a very watchful Eye on US Congress,
But you TOO are taking the prevailing situation much LIGHTLY,
USA is visibly RULED by,
MEDIA, Corporates, Banks, Lobbyists, The US Bible(1925) and the US Elite benefiting from all this,
CAN Americans SNATCH BACK and Re Restore their Hijacked Democracy?
its possible but a real Great effort to re gain US Honor,Credibility and Global respect.
Them and Obama and Pelosi that created the crisis to get Obama elected...then he pushed the origional bail out calling it an emergency and GW believed him...now they can fault him for its failure ....BUT THEY WANT TO DO IT AGAIN......Dems NEVER learn...
Sometimes the best thing to do is nothing but that is something that is impossible for politicians. They feel they have to do something even if it is wrong.
