Economic Disaster in the 21 Century

It was standing there glaringly apparent to all but the economic transients working for a living. While the current banking failure can be traced back to the creation of the government backed mortgage banks the real failure is in the currency and the greed career politicians and what are known as central bankers.

Faced, in an election year with two candidates that owe their deep pockets and media attention to the very industries crumbling after their rape of the economy. It is fascinating to see the two candidates backing the creation of more government intervention in the private process.

Both embrace the government takeover of the mortgages that are bogus and the insurance on the profits for those mortgages to the bankers that made them. All at taxpayers, the ones that earn and did not burn out credit, reward - yes, you get to pay the bills for the deadbeats and profits to the bankers that made those spurious loans. Bankers that caused wild speculation and paid 100s of millions of dollars to executives to do it were also filling the coffers of politicians to aid in the corruptions.

It is really wake up time. Those who stretched the meaning of collateral loans to include paper clips and bits of string must bite the bullet for lending friends money for garbage at inflated prices. This government has bought out 1 trillion dollars in bad loans to nationalize the mortgage industry. Since buying the banks with future tax dollars the have now opened the floodgates to new mortgages for bad properties at ridiculous rates. No banker could or would dare compete.

The smell of communism is everywhere as government takes over the housing and financial well being of its subjects. Couching the term nationalized with obscure notation as "bail out" belies the actual reality. The government owns the mortgages, homes, and sets its own rates for the paper money it prints to pay for it - all on the tab of anyone born in the USA. Did you vote for that? Feel powerless? That is because you are.

For those of you with the stomach to steal and get deeper in debt, don