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Reply #8: There is no crisis, there is no need, this is simply the corporatists of both parties [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-12-07 03:45 AM
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8. There is no crisis, there is no need, this is simply the corporatists of both parties
doing their masters bidding.

Wall Street just can't stand the fast that there's all that money they can't get their hands on. They know that their game is unsustainable without an ever-increasing influx of new money coming into the system and they also know that we are approaching the end of this cycle of the scheme.

They've delayed it for 25 years or more with the huge infusion that resulted from the pension looting, unprecedented deficit spending by the government, and subsequent rise of the 410(k) "retirement accounts" and rule changes, but the $7.5 trillion take in 2000 was pretty much the last of the easy money.

They've successfully conditioned people to "prepare for their retirements" over the last couple of decades, but stagnant wages have limited the increases in contributions available, so without some new, significant infusion of cash to fuel the "growth" we are approaching another collapse.

Just watch, they will not give up looking for the "magic phrase" that will convince the sheeple that it is in their interests to turn the jackals loose on the SS fund.


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