Monday, February 2, 2009
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:
- good mass transit (trains, ferries, and electric busses)
- clean and renewable electricity (solar (both centralized and decentralized), wind, tidal, etc)
- a system of refueling stations for electric cars
- r & d for clean battery technologies
- an intelligent and extensible educational system, using both democratically-influenced mass media and community involvement in local schools and recreation centers
- desalinization and fresh water control systems
- sustainable agricultural systems and a return to healthy environmental practices and a re-empowered EPA system of oversight
- overhauling failed systems such as the abhorrently wastrel military budget and the prison complex
- healthy families, living at or above poverty
- i'm sure i missed a few, but the above are all very important and should be near the top of the list...
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.
agape to all,