May I let my voice be a clarion call. I will use these words for justice. I will use these words for truth. And humour.

Monday, February 2, 2009

 

Bagholders Unite!!

OK, I'm really not much of an organizer, but I just had an idea, and I hope an organizer picks up on this one. I have been reflecting on the nature of labor, investment, and reward in the U.S. culture, and have come up with this. The people who do the work get the least reward. The people who own the resources upon/with which the workers work get first dibs on the reward.

That is nothing new, and it takes a fool not to notice that. That is not the idea I am speaking of.

The idea I am speaking of is the direct application of the above when it comes to today's situation. It comes from seeing what happened with Enron, and seeing what happened with that Madoff guy recently and his execution of the latest Ponzi/pyramid scheme. With the U.S. government pouring tons of borrowed/taxed dollars into banks and such, where it is not fully accountable and being siphoned off, the government is looking to be the greater fool.

And ultimately, that leaves the people holding the bag. The taxes we paid, and the money borrowed that we will have to pay to God knows who, are being invested in the pockets of pillagers. These pillagers include those at the top/inside/beginning of the stock market game, and the CEO's still receiving exorbitant sums, after their companies received a part of the $700 billion bank bailout.

In short, any government money that is being borrowed from the future, and not being invested in our future -- in the infrastructures of:
Any money being invested elsewhere, further afield than that related to our real well-being, and the people who are putting it there are criminal. We the common citizens of the U.S. will be left holding the bag, without real investment in our country's future, while the folks in the Senate with a country club sensibility and nary a clue of what it's like to be out in the cold, and those with the tightest connections -- they will be (are) the first to cash in on the economy as the true value of this U.S. company becomes more clear. With our tax dollars ending up in somebody's pockets, it will be really difficult to get it back.

We the people had our money invested over the last eight years (and many prior) by "mutual fund managers" who did not have our interests in mind, or had the singular interest of maximizing money, not in responsible investment. When their investments failed because of unsane monetary policies such as the outrageous overextended ratio allowed (or unregulated) for fractional-reserve banking newly-constructed credit default swap market, the investment (put into things that had low value anyway) has gone sour.

One REAL rule for investors: Put your money in things that you want to see saved/thrive. It's not difficult. It's only difficult if you treat investments as if it's gambling. Put your money in what needs to thrive, and you will see it pay you back in ways well beyond those seen in dividends, stock options and monetary ROI's.



lyrics: No his mind is not for rent to any god or government.
-Tom Sawyer, by Rush

colors: green, as in money. and green, as in environment.


pax hominibus,
agape to all,
joel

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