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After 4 bailouts. Do we really want to participate in this failed system anymore ? Fight for freedom !!


Well starting out with some undignified pictures of me training with my daughter will have to do. Consider it a metaphor.
In January of 2006 then President Bush forced the fed to give the begger banks (Goldman Sachs ,JP Morgan,Etc) a little more that a trillion dollars at 1%. This with the promise that they would reinvest this in small businesses in America at reasonable rates to help boost the amount of people that had average or above average jobs. Instead they reinvested it in safe overseas funds at about 2% and made a bundle. In March of 2007 with a bleak picture of our country’s future again President Bush pushed a 1.3 trillion dollar stimulus through congress. This with the promise from the bank recipients that it would go towards building up small business in America. You see small business employ’s 68% of all Americans. Again these large banks reinvested the funds in safe 1% plus bonds ,etc. It really made their profits go through the roof.. In late 2008 the congress passed another “bailout” bill to stimulate the economy. The recipients were all banks with the exception of some major production companies. No reinvestment into small business, AKA jobs at all. After the Obama machine took office the first thing they did of note was to go to congress once again and structure another bailout. This time it was 787 billion (went over a trillion though). This was suppose to be invested into jobs and homes. Instead it went right into the same banks. These are now the same banks giving out an average of 600k in bonuses per employee. Although this is one blogger that would and could use it. I believe if this is not criminal it is at least wrong. This made my mind go to another place.
Why pay it? Lets all default on our loans and cause the nation to default on its promises. Since the promises were unconstitutional and our children ,grand children ,and great grand children will never be able to put a dent in this debt lets just let the thieves that ran it up explain how they can’t pay it. Go to a total cash system and screw the rest. These animals set up a system to make you fail. You only fail as long as you are part of that system. Think about it before you condemn the idea. If you worked for years and saved 100k in cash ,stocks, and things. You paid off your home after 20 years or so. Your 100k is worth about 90k now. It also buys much less in goods. And the house you paid off that was worth 250k could be worth as little as 125k now. You did nothing wrong and everything right. The people that run the system broke the system and now want you to pay to have it fixed. Think about it.
ken@kenstepp.com
Posted on February 28, 2010
