It's the Free Market!

Looking around at all the problems in the world: the Euro, China raping Africa, US debt, IMF shark loans to third-world nations, I think to myself: Where is the justice in this world? Why don’t our Democracies and Republics truly represent the people? Why do we have massive debt AND high taxes? Where did all the inflation come from? Why does the government have to see my genitals when I go through the airport? Are they that dangerous?

(bbc.co.uk)

The answer comes from the movie Wall Street. No not the recent one with the awkward love story, the 1980s Wall Street that convinced everyone that greed was good and inspired everyone to go out and join the Goldman Sachs of the world. Gordon Gekko explains thusly:

“The richest 1% of this country owns half this country’s wealth, $5 Trillion. Now you’re not naive enough to think we’re living in a Democracy, are you Bud? It’s the Free Market!”

                                                                    (Wall Street - 1987)


Think about it. Why does Germany have more power than Greece? Sheer size and scope are part of it, but the main reason is that bond traders deem German debt less risky than Greek debt. The Free Market has chosen its winner and given more power to Germany in terms of lower price-of-borrowing and credit rating.

Why does the USA have awful debt and yet can afford to bailout Europe and print money without much cause for alarm? Because the Free Market has given the USA a free pass. It has an almost flawless credit rating and can borrow at dirt cheap rates from the market.

This explains national influence, but go a step further. Why is it that middle-class and poor immigrants must often wait years to gain admission into Western nations, but high-net-worth individuals come in without much notice? Because nations are clubs. If you’ve got the dosh, you’re in.

(thoughts-and-stuff-zwright.blogspot.com)

Why is it that central banks – the Federal Reserve, the Bank of England, the ECB, etc. are completely independent of the governments and people they supposedly help? (By the way, the Federal Reserve was only called Federal so that they could trick the population to thinking, go figure, it was actually federal!) Because they are part of the real government – the Free Market!

As noted by Robert Preston in his BBC blog, the Federal Reserve unilaterally decided to bailout the Eurozone. The wealth of America’s citizens is stolen to pay for the lazy Greeks – and they have absolutely no say! All because of the power of central banks. Of course Preston said the action was fantastic. He’s part of the establishment.

http://www.bbc.co.uk/news/business-15965639

War, famine, upheaval, the price of a paperclip… It’s the Free Market!