Categorized | General Interest

They Scratch Their Heads Cuz They Don’t Get It

You may have been checking out all the ruckus in the stock market just after the Fed decided to end its bond-buying program to prop up the economy. The strategy of the Fed was simple: try to keep things from really collapsing. But, the mindset before and after this program is really telling about what they don’t get.

Here is what they think, meaning the financial elites and talking heads in the media:

The market reaction presents the Fed with new questions that will only be answered in the months ahead: Are the economy and markets really healthy enough now to stand on their own? Might the prospect of withdrawing stimulus undermine the recovery the Fed has been struggling for years to engineer? Are its efforts to clarify its thinking helping or hurting?

But, here is what they don’t say: no one has really addressed the two main reasons we got into the mess we’re in. The first was greed. The second was, well, greed.

Greed number one was about the bankers and the Wall Street gang who set up the world’s biggest casino and gambled with the entire worl economy for the enrichment of a few. That greed continues today because no major figures in the whole scam are sitting in jail and most still have their jobs. So, the next crisis is just a matter of time.

Greed number two is the greed of CEOs, a little cabal that sees only one goal in business: pocket tens of millions of dollars in pay and benefits. How do you do that? In part, by driving down wages of everyone else in the joint. But, then, the 99 percent of workers don’t have enough money to buy basic stuff — and presto you have a weak economy. Duh.

So, these guys will sit around and scratch their heads, and their balls, and never solve the problem — because to do so means dealing with greed. Their own greed.

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