Whoopee... the election is over.... Finally.... Thank God!
It's always amazing to me how eat up people get about politics and who becomes President.
Here's my opinion on this whole matter.... and let me stress.... it is just my opinion:
- Barack Obama seems like an intelligent, hard working guy with good family standards who is a helluva lot more competent at being President than a lot of people we've had in the Presidency before. Think Dubbaya.
- With that said, it really doesn't matter who is President or what he tries to do or not do during his Presidency..... because the President ain't in control of squat.
- There's a few very rich and powerful people out there that decide the agenda, direction and fate of this nation and its people and most of the world for that matter..... and you will never know who they are.
- They manipulate and financially engineer the politics, programs and profits of this country and the world financial systems to steal from the lower and middle class and give to themselves.
- If you want me to cite specific data and cases, here goes:
As a way to encourage the savings of the lower and middle class?
No!!!
To give those in control a source to steal money from.
How?
A whole industry of mutual funds and "buy and hold" mentality was created to brainwash people into putting their hard earned money in one spot and leaving it there while the financially agile and adept money gods plundered the till.
How?
Through frequent and repetitious financial crises that wreak havoc on the financial stability of the securities markets where the 401k assets reside.
I mean come on.... who is gonna "hold" while they watch their life savings go down 20, 30, 50, 80%?
The answer is very few.... so the little guy panics out at the bottom of the crisis (bear market) and the financially adept vultures swoop in and scoop up your life savings and depart the scene.....
Then the market goes up 30 - 50% and the little guy is convinced by his broker (part of the who industry controlled by the money gods) to "get back in".... which he does right at the top and then he rides the market back down through another engineered financial crisis and sells at the bottom and rinse and repeat.
Every financial crisis is either engineered, manipulated by or nurtured by these guys so they know it's coming and how to profit from it and how you will react to it. It's their business and they are good at it.
I mean just look at the frequency of the list of financial crisis from Wikipedia:
http://en.wikipedia.org/wiki/Financial_crisis
1987 – Black Monday (1987) – the largest one-day percentage decline in stock market history
1989–91 – United States Savings & Loan crisis
1990 – Japanese asset price bubble collapsed
early 1990s – Scandinavian banking crisis: Swedish banking crisis, Finnish banking crisis of 1990s
1992–93 – Black Wednesday – speculative attacks on currencies in the European Exchange Rate Mechanism
1994–95 – 1994 economic crisis in Mexico – speculative attack and default on Mexican debt
1997–98 – 1997 Asian Financial Crisis – devaluations and banking crises across Asia
1998 Russian financial crisis
2000–2001 – Turkish Crises
2000 – late 2000s recession
2001 – Argentine Crises
2001 – Bursting of dot-com bubble – speculations concerning internet companies crashed
2008-2009 - Icelandic financial crisis
2007–12 – Financial crisis of 2007–2012, including the 2010 European sovereign debt crisis
Am I saying that the money gods run around the world sabotaging the world economies at will?
Maybe.... Maybe not ... but they damned sure know how to create some financial instrument or derivative that leverages the situation to their advantage and makes it a whole lot worse than it would have been if the crisis was just left to its own devices.
So the next time you get all worked up about who is President and what he's doing or not doing, take a deep breath and relax, cause he ain't in control.
Leave that to the 20 guys in New York.
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