My Dear Sarah,
Remember, I’m using your collective name again, when you inspire me to go off on a flippin’ tangent. I do try to keep my feathers as unruffled as possible, but Sarah, Glass Steagall and Brooksley Born are painfully near and dear to my heart. We need to keep important information near our frontal lobes so we can make better decisions!
When it all went over the Pali, in September, 2008, I was sitting in the wee hours of
BBC and thinking “Oh my God. The England market is asleep! They have no idea! And the hoard of clappers “open up the
market” by clapping mindlessly… gosh, they would be better off by pushing
prayer wheels & praying!” US
Jamie Dimond and his team of Gems have had a real rip, haven’t they! Like many, I’ve reviewed “how could this possibly have happened???” and believe me, Sarah: it started decades ago.
President Eisenhower saw the dangers and warned us about the military/corporate complex in 1961: don’t use war to support our economy ever again.
But, shoot, we already had “advisors” in
with plans for more. I was in it too, at
the age of seventeen: my boss printed
arms catalogues for the Army: made millions on the war in exchange for having
his son shot down three times and developing a heroin habit. Nam
I’d gone to school since kindergarten with his son, and used to write him while he was in Viet Nam. When he came home for the final time, heroin won his personal war, so he went to prison for a while. I used to write him in prison, Sarah, then our lives took other directions and all of a sudden more than twenty years passed.
Then one day when my own children were teenagers I ran into him in our home town, with his adorable little “Curley Head” toddler. Here he was, clean, self-employed, a wonderful wife and was simply gaga over his little girl.
He said he had to thank me for writing him while he was in prison, and for turning his life around. I was clueless and wondered how could I have helped him. Then he reached into his pocket, pulled out his wallet and showed me a tattered and worn Monopoly card, reading “Get Out of Jail Free”. I was aghast – I didn’t even remember sending that to him!
But my friend hugged me and said when he opened my letter and saw the card he laughed for the first time since he went to prison. He laughed until he cried. When he stopped laughing and crying, he made the decision that if he could laugh like this while in prison, he was certainly going to make it outside prison.
His father wasn’t the only one who profited hugely from the war: I was earning enough money to support myself and my mother off my job. I was part of it too.
I suspect the company continued on doing armaments catalogues through the next series of wars, making more money off killing. Defense contracters to take care of food, clothing, medicines and guns become billionaires. War, if it's won or lost by the taxpayer's money always makes billionaires out of contractors. It's a business proposal, a mission statement they provide our military decision makers, our MDS as they no doubt refer to themselves in the Alphabet Society of American Government (A-SAG).
Back to the story now, Sarah: a Hollywood Cowboy came into office and things started to change with his dream about trickle-down theory of taxation. Some people say today they think it really was a "tinkle on"theory, not real good...Everything was about unsound economics and selling the myth of The American Dream: which was simply cheap credit and fast living. The dream worked until it was killed. And so here we sit, all of us, whether we lived fast or not.
I developed a private “dossier” on the regulations that “disappeared” over the decades to make this economy what it became. Sorry to say, it was
last minute deregulation of the Glass Steagall Act of 1933 that threw us into
the fire. But, you remember, don’t you
Sarah: we were so distracted by news
updates about that young girl and her stained dress we were not paying
attention. If we Americans would have been adults, we would have realized the repealing
that act, would allow big banks, investment companies and insurance companies
(Jamie and the Boys) would be enabled
to build their false economy based on basically as they call it: Betting.
They deliberately and skillfully manipulated the markets in order to max
their profits. While we Americans diddled
ourselves with granite, en suites, exotic vacations, gas-hog cars, Miki Dees & stainless
steel they gambled on our economy for personal profit. Why not: nobody cared, for the first few decades, anyway. Clinton
Brooksley Born warned us in the ‘90s and no body believed her. She could have saved our country, but I guess we weren’t ready yet. All is not lost Sarah! You can sign the petition for the “new” Glass Steagall Act if you like and hopefully prevent this from ever happening again!
And by the way, Sarah, please know who your Representatives are and please keep their phone numbers handy. They need to hear from you if you want them to behave! You probably have kids, Sarah, think of our congress as our children: supervise them at all times!
I have to say, I was tweaked when I found that much of Jamie’s “gambling” was done by computer algorithms! In other words, when a stock or bond hit a certain number, computers were set to automatically buy/sell immediately. Jamie and the Boys weren’t watching of the market at all! They just set up some computer guidelines then went down to the bar and let the computers do their work. Kind of like me and my crock pot!
Some people are concerned that what Big Business did to our economy, (which The Suits still believe is pretty hot-dam wonderful) is also being applied globally to drinking water, agriculture and other commodities. (Have you heard about Pink Slime? Beef Glue? ) You may have guessed, I’m one of the concerned.
So: here we are, and the tear-down is starting. I’m seeing way too much fear out there over something we really never did have: WE JUST CHARGED IT, SARAH! That’s all we did…
It won’t be scary once we get a grip that the last half of the 20th C and the first two decades of 21st C were just smoke in the first place. The dream really was a dream: one with quite a price tag hidden.
I just had a flash of the first half of the 19th C in
: the endless bounty of this country:
resources, agricultural land and abundances all for the taking; followed by a
hideous Civil War over economics. Then in
the first half of the 20th C, we repeated the blood spilling in 3 more
wars. Some people became mercenaries and
found wars being fought by others to join in. America
We busied ourselves with the plundering of natural resources for profit and continuing our warring in the last half of the 20th C, then took ourselves into a whole ‘notha level of war: war on our environment.
Is it possible, Sarah, that Jamie and The Boys showed up for a real purpose?