A certain amount of inequality is an unavoidable side effect of free enterprise. However, when the side effect of a process becomes extreme enough, it starts eroding the benefits of the process itself, which is what is happening now. The same competitiveness that drives our economy is now in danger of crippling it, as the personal greed of some compromises the interests of the wider population and adds to the national burden. This law, for example, now ensures that the American taxpayer will bail out the banks when the derivatives bubble bursts...and it will. In other words, with this law, the American taxpayer has now added more than $441,000,000,000,000 to the liability side of our balance statement, and Im sure it is in response to the rising interest rates on our horizon, and the sophisticated financial models used by derivatives traders do not account for this kind of movement, and for those who continue to live in their hope bubbles, paycheck to paycheck, without considering the realities of our time, well, good luck. ~kaki globalresearch.ca/bill-written-by-citibank-lobbyists-gets-banksters-back-in-high-risk-derivatives-business-american-taxpayer-to-pay-for-losses/5357973
Posted on: Sun, 17 Nov 2013 22:35:23 +0000
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