Good piece Chase. We sometimes think we are "isolated" or "insulated" from the rest of the world, but this crisis and cycle of change will touch everyone. When 85% of the nations wealth is in the hands of 20% and the majority of that 85% is in the hands of 5% and the majority of that in the hands of just 1% (Actually about 20 identifiable families.) the country is heading towards a major shift. I hate the 1% slogan because that actually does not include the "money brokers" in that other 19% and these are the people that are the heads of corporations and investment banking who makes ten to hundreds of millions of dollars each year. We cannot forget that "they" are the ones who invented dirivatives and dirivative "pakaging" (paper value with no hard assets to back it up) and then sold them to investors (other investment banking entities and hedge funds)and AIG was eager to sell insurance against failure, among others. They the shit hit the proverbial fan. Thousands were prosecuted in the "savings and loan" debacle. Not one person from wall street has been indicted on this one. Not one. Just a few yahoos who were running ponzi schemes that collasped. Now that is not justice. They pretty well wiped out the middle class; let's not forget that 19% that follow the 1%.
Saturday, October 8, 2011 - 20:57