The Market Oracle
Dec 27, 2010
By: David_DeGraw
Here’s a brief summation of my recent reporting: If we continue to let our politicians and wealthy members of society live in comfort, free from the consequences of their actions, we are complicit in our own demise.Our country is so overrun with corruption, we cannot remain passive and expect things to get any better.
The economy is propped up by smoke and mirrors and will inevitably collapse. Without immediately breaking up the banks and holding the thieves accountable, we will continue on our downward spiral with increasingly severe and devastating consequences.
These are extremely unpleasant truths that we are now forced to confront. We have to act now. If you are not calling for revolution or organizing, you are either unaware of what’s happening around you, horribly naïve or a fascist sympathizer.
In response to statements like those above, I’ve been exchanging emails with colleagues (journalists and news editors) who have become “uncomfortable” with my reporting style and been saying some variation of the following: “You’re being too radical. This is too extreme for us to publish.”
While I appreciate their opinions, I want to make something 100% clear. I am fully aware that these words are harsh, and may turn off some people. However, in extreme times, telling the truth will make you sound extreme. Ultimately, I don’t mind if you think I sound “too extreme,” I don’t care if I make people “uncomfortable,” or if, in your opinion, I’ve become “too radical.” Try telling that to the 52 million Americans who are now living in poverty. Tell that to the millions of American families who have lost their homes and jobs. Tell that to the 59 million people who can’t afford health insurance. Tell that to the overwhelming majority of the population who are stressed out, living paycheck to paycheck, buried in debt they will never get out of and desperately struggling to make ends meet.
Try telling that to all the people who have emailed me explaining their dire situations due to this economic crisis. Tell that to all the people I personally know who have taken major pay cuts.
I will not participate in the journalism of appeasement.
What has to happen for you to stop being a status quo supporting naïve journalist and realize that we are in the middle of a war? More accurately, it is a slaughter. An all-time record-breaking slaughter.
I refuse to “normalize the unthinkable.”
Here’s a list of stats that I am sure you are already extremely sick of hearing, what we have already passively accepted as “the new normal,” some new ALL-TIME RECORDS for you:
Ask yourself this question: How sick and depraved of a society do you have to live in to get an outcome like this?
We now have the highest and most severe inequality of wealth in the history of the United States. We have witnessed an economic shock and awe campaign, acts of financial terrorism have impoverished tens of millions of people and put our future prospects in an urgently dire situation. We know who is responsible for it, yet nothing is done to hold them accountable, and most astounding of all, the people responsible for this (a financial terrorism network) are still in power!
This is the largest criminal racket in world history. We need prosecutions under the Racketeer Influenced and Corrupt Organizations (RICO) Act, right now!
Another important point in response to emails that I get: when I write that Obama is a puppet, some people still get upset with me. Are you kidding me? What kind of president allows this to happen without holding people accountable? What kind of president allows our tax dollars to be taken and handed out as all-time record-breaking bonuses while we have an all-time record-breaking number of people living in poverty? What kind of president puts career-long preeminent economic imperialists Tim Geithner and Larry Summers in charge of our economy, and supports Ben Bernanke’s reconfirmation as Fed Chairman? This is all absurd and inexcusable! These three people would be in prison if we lived in a nation ruled by law. Obama is a bullshit artist - Period, Full Stop.
This is a quintessential banana republic ruled by a puppet president. If that truth is too much for you to handle, stop reading this right now and go retreat into your “reality TV” world while you still can.
Let me defer to Senator Bernie Sanders. He recently said what I’ve been screaming about and gave us one of those very rare moments when truth was actually spoken on the Senate floor:
“There is a war going on in this county and I’m not referring to the war in Iraq or the war in Afghanistan. I’m talking about a war being waged by some of the wealthiest and most powerful people in this country against the working families of the United States of America, against the disappearing and shrinking middle class of our country.
The reality is that many of the nation’s billionaires are on the war path. They want more, more, more. Their greed has no end, and apparently there is very little concern for our country or for the people of this country if it gets in the way of the accumulation of more and more wealth, and more and more power….
Today… the crooks on Wall Street… the people whose actions, illegal actions, reckless actions, have resulted in millions of Americans losing their jobs, their homes, their savings… After we bailed them out, the CEOs today are now earning more money than they did before the bailout…. While the middle class of this country collapses and the rich become much richer… the United States now has, by far, the most unequal distribution of income and wealth of any major country on earth.
When we were in school, we used to read the text books which talked about the banana republics in Latin America… about countries in which a handful of people owned and controlled most of the wealth in those countries. Well, guess what? That is exactly what is happening in the United States today.”
What will it take to make you understand this? Don’t you get it? This is a war! This is a mass slaughter carried out by economic policy. This is the elimination of the existence of a middle class. These are financial terrorists committing crimes against humanity. Our country is being attacked! My family is under attack! My child is under attack! I am under attack!
We are under attack!
I know that TV news propaganda confuses people, but on a basic and profound level, whether people want to admit it or not, the overwhelming majority of the population knows that our nation has been taken over by a global banking cartel. We know that our future has gone up in flames. We know that both political parties have been paid off and don’t represent us. If the politicians don’t drastically change course and start representing the people, we have a duty, a Constitutional commitment and obligation to launch a revolution.
If you are not calling for revolution or organizing, you are either unaware of what’s happening around you, horribly naïve or a fascist sympathizer. If we continue to let our politicians and wealthy members of society live in comfort, free from the consequences of their actions, we are complicit in our own demise.
Our country is so overrun with corruption, we cannot remain passive and expect things to get any better. The economy is now propped up by smoke and mirrors and will inevitably collapse. Without immediately breaking up the banks and holding the thieves accountable, we will continue on our downward spiral with increasingly severe and devastating consequences. These are extremely unpleasant truths that we are now forced to confront. We have to act now.
People who still delude themselves into apathy by clinging to the belief that giving trillions of dollars to the banks had to be done, are buying into a baseless propaganda line. Use your commonsense. What kind of fool would think that the best way to solve the economic crisis would be to give trillions of dollars to the people who are most responsible for causing it. That is absurd! Instead of holding them accountable for the crimes they committed, they were given trillions in taxpayer funds which they used to further consolidate power and give themselves all-time record-breaking bonuses - and they deliberately impoverished tens of millions of people in the process. People are either confused as to what happened or they are in denial and afraid to confront the colossal crime committed. Whatever the case may be, there is no escaping the consequences. The implications are staggering. If you think it’s been bad over the past two years, get ready, you haven’t seen anything yet.
So are we going to start fighting back, or should I just move my family to another country? Most everyone who understands our economic and political situation are having this debate now and contemplating moving outside the country. Is that what we should do? Should we just leave the country and let it collapse?
Those who are aware have reached the point where our survival instinct is kicking in. Fight or flight?
I’m ready to fight, but I’m not ready to fight a losing battle. We all need to do what is best for our family.
Are you with me? Or should I start packing now?
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