False Prophets or Profits???
This is so indicative of what has been going on for far too long in this country.
http://www.msnbc.msn.com/id/32131382/ns/business-us_business/
We have an economy that focuses on profit without regard to the underlying source of those profits. No matter if the idea of making a profit is related to actually producing something or through financial manipulation is of no concern.
There is a consequence to making money where the profit has nothing to do with actually producing goods and services that people can actually afford or even want.
This is a continuation of the general condition of the lie that over the long term is not sustainable. This lie is the central element of the financial collapse and of our failure in provisioning health care. The very thing that has been focused upon by economists for a long time now, inflation, has been selectively promoted in both of these industries. The value quotient of both of these has become wildly inflated and has lost any relationship to real economic activity.
Profit is the sole motivator of both of these contrived marketplaces and it has been achieved through straightforward price inflation. The inflation though has had a uniquely directed goal. Every bit of the inflated pricing has been directed at ridiculous executive compensation and at highly focused derivatives products which uniquely place those profits in specific pockets and does almost nothing for shareholders, savers or the broader economy.
There is little coincidence that interest on savers 401k investments during the Bush years was flat as a pancake. What we had was an intentional manipulation of the investment marketplace that has been nothing less than a huge rip off and a transfer of wealth at the expense of taxpayers and the middle class. The Bush tax cuts were a part of this just as much as everything else that has occurred over this period. This activity is nothing less than a huge criminal enterprise that is still going on today.











