Crash Heard 'Round the World'

We were once a country famous for being started with “the shot heard ‘round the world”, now we’re a country whose financial crash is felt ‘round the world'.

The world’s economy depends on Americans paying their mortgages, and when we don’t pay our mortgages the world’s finances collapse. How did this happen? And where are our leaders?

When we ask our leaders how this happened, they tell us now is not the time to point fingers or ask questions, we need to just fix the problem and fast. George Bush the president tells us to “have faith” the market will come back, but have patience, it’ll take time.

Just like we’re supposed to have faith that “good” will triumph over evil in this “global war on terror”, now we should have faith that the free market capitalism will right itself if we wait long enough.

Just as America has been looked upon as a beacon of light for self governance, Wall Street has been looked up to as the example of free market capitalism. How does this self governing free market capitalism look to the rest of the world right about now?

The free market is fine as long as the fat cats are winning but when the bottom falls out because they have no “capital” they expect the feds and the tax payer to bail them out.

Companies like AIG have divisions that are making money and many of these non bank sub prime lenders and Wall Street firms have offices in the Cayman islands to avoid paying taxes. Take over the divisions making money and close the offices in the Cayman islands to recoup some of the money that was stolen. Since we the tax payer have to bail out these capitalistic crooks then we have the right to do these things.

But of course with the leaders we have today who lack the intestinal fortitude to do the right thing, these ideas will never be put on the table. Eventually the middle class will just run out of money to bail out the greedy bankers. You can bet those at the top of this housing pyramid scheme saw this coming and cashed in their stocks, hiding their money. They’ll be in the Cayman Islands while we’re living in our cars.

A lot of us had nothing to do with the stock market, or living beyond our means like we were told at the beginning of this “credit crisis”, was the problem. As it has been throughout human history it’s the innocent victims who’ll be paying the price for a market that went out of control with human greed and human failures.

With an empire at the helm it doesn’t bode well that the federal government is nationalizing our “free market capitalistic system” especially since America has become a country that rewards the rich and punishes the poor.

After the 1787 Constitutional Convention a woman asked Ben Franklin what they had given them and he replied “A Republic if you can keep it”. Why did he say that, did he know that we could loose it? We’ve seen the fall of communism, are we now seeing the fall of the American free market society?