UNREGULATED CAPITALISM IS ALWAYS A FAILURE!!!!!

TOO MANY THEIVES STEALING FROM THE SAME POT OF GOLD.

PRINT MORE MONEY!! HURRY GOT TO MAKE BUSH LOOK GOOD TILL JAN 11 , 2009.

SUGGESTION,

Send this to your favorite neighborhood CEO....>>

http://pacificgatepost.blogspot.com/2008/03/letter-to-ceos-of-fortune-1000-cos.html

WE MIGHT HAVE TO BLOG THEM INTO COMMON SENSE.

The American financial system has become a giant gambling mart where the big money push and pull the market as the common investor "for the long haul" loses his savings and prays for a short retirement. When human and productive assets are converted into paper for the satisfaction of the greedy and speculative predators, sooner or later the wealth becomes concentrated into fewer and fewer hands.
Unrestrained business becomes gigantic corporate monopolies. Corporate monopolies have been allowed to control our media, therefore, our information, knowledge and ideas. Foreign ownership has corrupted our citizens with the lowest common denominator of human loathing and behavior.
A few banks control our money supply. The leaders of these banks with the blessing of the Federal Reserve pyramided debt, identical to a Ponzi Scheme. Now the the greatest bubble which creatred good paying jobs lost in our decimation of our factories and technology to mercantelistic trade arrangements, has burst. There is nothing left to replace it as our banks are broke, our citizens are deep in debt, our corporations that are letf standing are weakened by buying and selling, and our local, State and Federal governments are essentially bankrupt because of entitlements and borrowings.
The present remedy is a disaster. Giving money away encourages more frivilous consumption. Lowering the interest rates erodes our currency and makes money want to go to foreign hands for safer investment. Throwing money at the criminal class who created this financial crisis is throwing our money down a rat hole. Instead, these monopolistic organizations should be allowed to collapse of their own worthlessness and new smaller organizations arise under strict governmental supervision.
The solution is to begin rebuilding a protected industrial, technological and human competence base to encourage private initiative towards rewarded labor in remaking our physical environment and providing opportunity for all of our citizens. The highest priority is to provide gainful employment, not towards paper shufflers and fast money schemes, but towards the slow, arduous tasks of rebuilding our machines, competences, technologies towards national goals that will yet startle ourselves and the peoples of the world.

All these problems are not happening because of corruption & incompetence.

Milton Friedman's theories are being put into action by the Bush crime family!

Katrina, the Tsunami and Iraq are all examples of allowing corporations to go

about raping, pillaging & end up owning an areas resources, following chaos.

This host of financial woes will bring about such a series of catastrophes that

it'll make possible, the virtual reality of GHWB's Norte American Fascist Union.

"The situation prevailing today in an economy based on the private ownership of capital is thus characterized by two main principles: first, means of production (capital) are privately owned and the owners dispose of them as they see fit; second, the labor contract is free. Of course, there is no such thing as "pure" capitalist society in this sense. In particular, it should be noted that the workers, through long and bitter political struggles (the labor movement, civil rights movement, womens movement, environmental movement, etc), have succeeded in securing a somewhat improved form of the :free labor contract" for certain categories of workers. But taken as a whole, the present day economy does not differ much from "pure" capitalism....

"Production is carried on for profit, not for use....The crippling of individuals (due to the lack of jobs) I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is incalculated into the student, who is trained to worship acquisitive success as a preparation for his career....the community would guarantee a livelihood to every man, woman, and child...The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow man in place of the glorification of power and success in our present society...How can the rights of the individual be protected and therefore a democratic counterweight the power of bureaucracy be assured?...

The profit motive, in conjunction with competitiveness among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions....Unlimited competition leads to a huge waste of labor, and to the crippling of the social consciousness of individuals which I have mentioned before...........

Albert Einstein, 1949

"Increasingly severe depressions" ..........Hmmm...you mean that Adam Smith was not the political and economic equal of Albert Einstein?

"The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor - not by force (neocons) -but on the whole in faithful compliance with legally established rules (neoliberalism). In this respect, it is important to realize that the means of production - that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods - may legally be, and for the most part are , the private property of individuals (privatization)....

"It is important to understand that even in theory the payment of the worker is not determined by the value of his product.....

"Private capital tends to become concentrated in few hands, partly because of the competition among the capitalists and partly because technological development and increasing division of labor (outsourcing and union-busting) encourage the formation of larger units of production (multinational corporations and mergers and lack of enforcement of anti-trust laws) at the expense of smaller ones (monopolistic practices destroying markets for the middle-sized companies). The result of these developments is an oligarchy of private capital (financiers and economic cabals) the enormous power of which cannot be effectively checked even by a democratically organized political society.l This is true since the members of the legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, , private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quit impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.....

Albert Einstein, 1949

The economic genius of GWBush is now being presented to the Economic Club of New York and the members are lovingly consuming the elements of Econ 101 as viewed by the dolt. He has finally acknowledged the economic mess we are experiencing but accepts no responsibility. He also is touting his phony Iraq war and mesmerizing the members of the club with his ability to "cloud" men's minds about the need to continue the genocide and squander trillions of dollars and they appear to be buying into the deceit. If the Economic Club fails to "Feel" the pain of our current plight and absolves this president and his administration of responsibility for our mess, that may eventually be an economic depression, then they have no validity as economists.

An excellent source for what's going down and what may be coming, enjoy:

http://theautomaticearth.blogspot.com/

What's happening at Bear Stearns? The Fed has to bail them out in cooperation with Morgan.

I bet Chelsea Clinton is cheering at the economy's downward spiral. Hedge funds are making out like bandits right now, and I bet she'll have a hefty bonus at the end of the year.

Bear sterns plunged 33 percent today.

Another day,... another set of shoes dropping,...

I'm still betting the DOW hits a low of at least 11K before tax day - and will be up and down all spring and summer.

Uncertainty (of how bad it is going to be) is the real killer here. If we 'knew' how bad, at least some sort of relatively stable state could be achieved.

What we are battling is a criminal administration and a system of government that has been corrupted to it's core. There will be no quick fixes and only a COMPLETE overhaul of the system will do.