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Home  Latest News Latest Get rid of Wall Street and IRS so we can all be rich
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Get rid of Wall Street and IRS so we can all be rich |
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Ponder this – The more we produce, the less it’s worth because we use an economic system based on supply and demand.
| It’s evolved from historic economies that always had winners and losers with prices fixed for how much there will be to go around keeping in mind there won’t be enough for everyone. That way higher prices insure winners are able to afford the biggest cut of any particular necessity
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World leaders such as Gordon Brown UK Prime Minister, carry out a sensitive "balancing act" in order to ensure there is just 'not enough' of everything to go round.
| or luxury when there’s not enough for everyone to enjoy it. The downfall of this model is producing too much of a product hurts the people providing it because flooding the market drives the price down maybe even below what it cost them to produce it. |
So let’s say a new way to grow corn is discovered that allows there to be more corn than the world needs, or cheap cure for cancer, or a way to stop crime. Then the bottom would fall out of the corn market because the markets would be flooded with it. Or trillions of dollars that goes into the pockets of people that serve the needs of cancer patients would dry up while millions or law enforcement officers and lawyers would be out of work living on the streets only without a criminal underworld to support their struggle to get out of the ghetto because crime has disappeared.
So if we need corn, enough for all of the worlds needs, and we can grow it, why would we want to punish the people who provide it for us by paying them less for the more they grow. If we need a cure for cancer or for crime to stop, why would we expect the people who know the most about to give us what we want when it will only cause them to be sent home penniless.
Take for instance the DEA, the US Drug Enforcement Agency. Since they went into business for the government, drug use has spun out of control. And a major part of the reason for that is because they lock up dealers in federal prison where they educate each other meeting other criminals from the more white collar walks of life and the darker side of the higher levels of organized crime while honing their skills so they’re better prepared for a life of crime when they‘re released.
It’s like what’s going on with child predators now where they’re being sent to federal prisons in such high numbers that they can stick together protecting each other child predator predators. So they’re organizing into more of an elite cult whose empire extends throughout the federal justice system where there is little incentive to curtail their behavior when going to prison means being able to move up the ladder of success in the child exploitation industry that’s forming around the way the government is handling the issue. But this whole sequence of blunders does happen to support the justice system’s need to grow and evolve to having ever higher budgets because it inspires more crime.
Look at the EPA and new reports coming out saying they aren’t doing a very good job, that air quality is worse than before the agency was formed.
What will the cure for the EPA be? – Obviously we will reward them with a much higher budget. Then they will higher more people and move already established employees to manager positions. The new people will buy new houses and cars. The ones who’ve been there will move into bigger houses and buy a better quality car. And ten years from now when we find they’re making our environment uninhabitable, they’ll get an even bigger budget.
Where’s the incentive to get the people who grow corn to give the world what it needs if it will simply cost them money, or come up with a cure for crime or cancer or a clean environment if it only puts then out of work?
Look at oil now. We’re being told there’s too little in the world to support the need for it so the price has skyrocketed even though it’s hurting the economy. But the people who produce oil say there’s a glut in the market, that the price of oil should be much lower because supply is exceeding demand. And the evidence clearly shows the reason the price of oil is so high is because speculators are buying too much oil commodity futures betting the price will rise so it’s really only going up because of their commodities futures purchasing, not because there is a lack of supply.
Yesterday Senator Dick Durbin from Illinois was on CNBC talking about the hearings and legislation he’s working on while investigating and trying to reign in commodities futures speculators gaming the system outside of how it was intended to function where they’re abusing it and looting the US economy. What I found interesting was not so much what Senator Durbin was saying. I’m well aware what’s going on in the futures market and what’s being done to try to stop it, which even Senator Durbin didn’t have anything to say about this issue until a few years after it started after the American people and writers like me started raising the issue loud enough so that he had to say something about it. But I applaud his day late and 4 dollar a gallon short response just the same.
But what I found interesting enough to write a new article about this age old topic is how the interviewers on CNBC were responding to his comments. I’ve been watching CNBC more frequently over the past few weeks to stay informed on this volatile topic. But I’m also intrigued by the way Wall Streeters finds such enthusiasm making money even though they’re ruining the source of their wealth, the US economy. The interview with Dick Durbin simply showed me a pinnacle in new heights of the arrogance Wall Street has towards the less wealthy 99% of the rest of us. They even run ads in-between their gleeful hyping up of how they make more money than all of us combined while the money markets they run are spinning out of control but they’re still making money with the rest of us loosing our shirts, the people who do the work that provide the products and services that fuel the source of their wealth, who are only going broke because of the way they’ve mismanaged their end of running our economy.
See oil is not the only thing working people pulled out of the ground in such large quantities that there’s enough for everyone while our financial managers have figured out how to drive the price up to levels that should only be this high when there’s not enough to go around. They’re actually doing it with everything they can buy commodities future for while the rise in the price of commodities is driving up the price of everything we need. And they are doing this while we’re producing more than we’ve ever produced before where there are even gluts forming in many markets because we can’t afford to buy what’s out there.
But when Dick Durbin tried to tell it like it is, he was met with what seemed like anger and resentment, and obvious resistance. Then I flipped over to listen to what Rush Limbaugh had to say about it knowing he’s a big fan of Wall Street and the free market economy they’ve created. The sentiment was the same from him as it was from Wall Street, that Democrats and Republicans who are say prices are unrealistically going up because of speculators are trying to take away the right of free market investors to make money, that it’s all about supply and demand like is supposed to be, not the fault of speculators.
But they aren’t making money from what they’re doing, they’re making numbers, they’re winning the game where there’s not enough to go around so there’s a fight at the top for who gets to have the most. So even though there’s too much to go around, they’re staging their normal attack on the economy as if there’s not enough for everyone, which would justify a tooth and nail struggle for who comes out on top. Then later I turned on CNBC again to watch a show called “Mad Money” run by a fella named Jim Cramer. It’s an interesting show that takes a kind of pre-game sporting event rally approach to getting pumped up about what stocks doing, what to stay away from and what to buy.
Personally I hate Wall Street with a passion. The history of its beginnings undermined the purpose of the American Revolution where the same royal control of the world’s economy we fought to get away from were legally allowed to use us as their slaves while buying our government to support the notion we’re free when we’re anything but truly free. But I do personally applaud what’s happening on Wall Street now because it’s showcasing the truth about how our economy is run, which it has been like this since our country was formed except for a brief period after the revolution before George Washington gave up fighting supporters of royal European financial gimmicks allowing them to use their currency to run our money markets for us. But during that brief interim period when we were free of royal influence and their money, our economy boomed proving free people in a real free market don’t need to have their economy subsidized by rich people so they can stay rich while we stay poor.
So I was watching Mad Money thinking Jim Cramer and the kind of people who call him during his show are not of the same ilk of investor on Wall Street that I think ought to more realistically be standing on Street corners with cups in their hands hoping we’ll give them our spare change. These Mad Money guys scrutinize every aspect of real companies that produce real products and services to find out their weaknesses and strengths so they know which ones are winners and which are losers. Then they put their money on the strong ones while beating up on the weak ones, which all makes sense to me because it makes the market competitive pushing it towards producing better quality products and services in the most efficient way possible. It seems like an honest way to make money, that is if the system worked.
But when I look at products that pollute the environment and poison our health, every single time I research into the excuses for why producing these products and services can’t be done more responsibly, it never turns out to be because there’s no way to do it without negative consequences. It rather always turns out that there are ways to mitigate the problems making the production process and products themselves perfect. Further research always proves the right ways to do it would also be affordable if the process was applied universally to that industry. And believe it or not, it turns out most of the ways to do things right are even profitable, even a good investment. In fact from the way I look at the economy, we’re already paying for it to be that way, to be perfect.
But the reason we live in such a toxic society is because those perfect profits waiting out there in a perfect world require long tern investments of huge amounts of money, about the amount of money sitting around Wall Street doing nothing now, our money that they’ve gotten us to allow them to play with. The yields on those investment however wouldn’t show a return for a long time but would be huge over the long haul because what we learn we can sell to other countries which will help their economies which will help ours. It would also produce a stable economy here that would provide us the kind of lives we’re working so hard to provide for ourselves now. But the reason we can’t head this direction is because the money that would buy the cleaner burning technology or the kind of plastic that wouldn’t poison the products that come in them is being skimmed off the top of investment capitol before it goes to produce what we use and consume.
See before we had the technological and social infrastructure to be able to support an economy that can produce more than we can consume, there was always a struggle at the top for who got the most because the alternative was to be at the bottom where there was nothing. But even as that struggle is reaching a point in time that it can end, still the managers of our political and financial systems are greedily vying for who gets to walk away with whatever cream floats to the top of our economic harvests so they can run off and spend it even though that money should be going towards raising the quality of the overall economy. So really all that’s happening is they’re spending more money on themselves than we get to on ourselves when they could have less money but be able to afford a better quality of life because we would’ve been given the tools we needed to provide it for them if they hadn’t taken it.
But really the point that struck me as important enough to write this article was how investors on Wall Street scrutinize where and how they put their, or, our money with such overt discretion for what’s not transparent in a particular kind of stock or trade where anything showing any hint of not producing the kinds of profits they want brings on the worst kind of negative reflection against a potential product. But then they seem so offended when politicians want to open up their books to see if they’re ripping us off. I mean when it comes to letting them put our money behind us to make them money, they’re very belligerent about what they want from us, like the IRS and how it scrutinizes every aspect of how we give the government those precious few trillions dollars every year.
But when it comes time for them to open up and show us what they’re doing with our money, the gloves come off and we have a Street fight on our hands. What we’ve forgotten and they haven’t, where they lend us our future with interest so they can make enough money to be able to have anything their hearts desire and more, more than they and they’re extend families could ever spend, is that money equals human effort, that money is just paper representing us, our work, our inventions, our products, our land, our soil, our air. And we’ve also forgotten that they’re not our owners, that their job in this world is to use money to move us around to make the big picture work, to make it perfect. And if they’re not doing their job well enough, they’re not supposed to be making any money.
But watching them closely getting to know them personally, I’ve realized if they were us, they would in no way invest their future towards the direction they’re taking us, they would be too smart to fall for that. And some of them are even smart enough to see that their system fails even them when there’s more products needed than people to consume them, that the system is set up as a way to avoid war over there being too little. So even as there is plenty for everyone, they’re still running off with the spoils of battle but into an empty toxic war zone where everyone is shooting at everyone else not knowing who is on whose side nor what the war started over so they don’t know how to end it.
What’s the solution? – That’s obvious, put an end to the game and clean up the battlefield we call freedom so we can turn it into our home. Then try relaxing and living here for a while to see if we like it. I mean we can always go back to screwing everything up. We’ve never tried doing it any other way but if we don’t take this time to see if we like it, it might pass where we may never get another chance to find out if doing it the way it ought to be done is the right way to go.
Who will pay to clean up the last world so we can move onto the new one? That’s simple – The people making the mess.
Think about it. How many people manage money. I mean from ourselves having to balance our checkbooks and figuring out how to borrow money to pay for our lives, then pay taxes on how we live it, the tax collector, the clerk at the store we buy our products from. Think of all the time we spend and people in banks and high rise office buildings who spend their whole lives around managing money. Now think about who they are - some of the most trusted and intelligent people among us.
What if we decided it’s no longer feasible to waste their talents in order to support an economic system whose only benefactors are a hand full of wealthy schemers on Wall Street who’ve made our economy so complex that they’re the only ones who understand how to use it so they can always come out on top in a game that has no bottom anymore so there’s no need for them to win because there’s enough to make sure there are no losers. What if we realized that managing money is more complex than the production and consumption it oversees, that money doesn’t work anymore because it costs more to use it than in saves by trying to sort out who should get the most of it when there’s enough for everyone.
Of course that would put a whole lot of talented and educated people out of work, about the amount and quality of people needed to flip our industrial infrastructure around so its heading in a direction that’s perfect.
What am I talking about? - If we were no longer sending profits to Wall Street, and then whatever is left over to Washington, the economy will be flush with money to be able to higher all these people to do the work they should have hired us to do over the last half century.
What about the government, how will it pay for itself if we’re not going to pay taxes? - To me, I’ve never understood why we let the government tax us at a retail level instead of us giving them what they need at a wholesale price. We work for the first near half of the year to pay the government what it needs to run the government. That’s because they’re taking money from us after we get home from work. But if they would just tell us what they need, we could give it to them during the day while we’re at work a whole lot cheaper than them getting in the middle of everything we do after work taxing our lives more than our economy.
See if we can just get rid of them following us around after we get off work wanting to know everything we spend our money on, that will not only free us up to live our lives so we can provide for a much stronger economy, it will relieve millions of people from having to be their advocates for collecting what we owe them. This would be such a boom for the economy because we can use those people to do real work that they could just print up the money they need to run the government and spend it. I mean if we can support them now with all the trouble they cause us while we’re doing it, I just can’t see how we wouldn’t be able to do it better if they just left us alone and let us perform. It isn’t like the government has to make sure it gets what it needs before everyone else to insure the stability of the country. We’re now strong enough to insure they can always have more than they need while the tax system and financial system are an excessive burden for us to carry because it’s based on there not being enough to go around. So now it’s time to move in a direction of making our industries and the products we consume perfect which can’t be done if we’re wasting so much precious talent watching over our money when money has outgrown its purpose.
But bringing those kinds of changes would require leadership that everyone can trust so when crime stops and cures for cancer come out, the people who give up their positions of security built around solving these problems will know they’ll have a better future than the one they’re leaving behind in a brave new world without money.
Did I say without money? I can’t believe I said that. We have to have money. Money is an incredible tool for measuring the logistics of getting product and services to the market where they can be consumed in a reasonable and responsible manner. And overseeing it’s management is key to making it work. But in a world that can give more than it can consume, it’s unrealistic to manage money from the perspective of protecting whose at the top from poverty putting the wealthy first, the systems that insures they stay that way second, and the governments that sees to it we provide for the rich what they need while knowing how to allocate what’s left over for our personal consumption after our chores are done third.
Right now we’ve reached a point in time where the wealthy have more than they could ever know about if they spent all their time going over how much they own while still there’s more than we need left over at the end of the day. But they’re still fighting us always having to take as much as they possibly can in case they come up short and their survival is threatened. In doing so, they’re choking off the blood flow to the hand that fills their pockets with gold but they’re too blind to see the solution, to give us our diploma of freedom because we have graduated, we have achieved the impossible in spite of them, in fact we have beaten then at their own game. And the need to give us our freedom so we can give back to them what they should want more than the corrupt world they’re protecting, perfection in what we can provide for them.
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