Who’s Reading the Moral Compass?

Punishment of the Many on Behalf of the Few

Ben Bernanke reappointed as FED  chair on Tuesday means more of the same money throwing to big business while main street watches in horror as the road to recovery flushes down the toilet.  Bernanke who is touting that the economy is “on the rebound”  has no actual facts but he “forecasts” that America is pulling out of the recession.  Funny thing is that people want to believe and the New York Conference Board said that its consumer confidence index rose to 54.1 from a 47.4 in July.  Keep in mind that 90 is the level associated with a healthy economy, it is a far cry from today.

Bernanke says, “Our forecast is for moderate but positive growth going into next year. We think that by the spring, early next year, that as these credit problems resolve and, as we hope, the housing market begins to find a bottom, that the broader resiliency of the economy, which we are seeing in other areas outside of housing, will take control and will help the economy recover to a more reasonable growth pace.”

Giving bailout trillions to the very same bankers that created the mortgage melt down in the first place instead of providing resources to poor families, those in need of health care, education, food stamps and unemployment benefits, so now that the fool Bernanke has blown America’s wad of cash into a mountain of debt, all  taxpayers are on the hook for his mistakes.

As the percent of debt to GDP is growing at an alarming rate.  Obama’s revised budget deficit is off by a mere $1.5 trillion,  last year’s deficit was $459 billion the CBO estimates the budget deficit will total $1.6 trillion this year or 11.2 percent of the GDP, and $1.4 trillion in 2010.

The only glowing report is the markets rise to 9500 at the close on Monday.  Problem is that when you give bankers trillions of dollars they have to park it somewhere, they are investing government “Bernanke dollars” in the Market, the market is responding by going up, this is funny money not business’ and mom and pop’s reinvestment, its all phony!

The depression is coming closer, as unemployment rises there are new fears on the horizon.  Monster.com ran an impromptu poll over July 6 to July 13 and found with 16,000 visitors the answers to the poll question, “If you were laid off without severance, how long would your savings cover your living expenses?

Answer: 34% said one week or less 66% had enough to last two months, six months or longer 20%.  Now when you factor in that over half the homeowners in the US are or will be upside down on their mortgage by 2010, the FDIC is out of money, broke kaput, 18 states are close to bankruptcy,  the run on the bank scenario of 1929 is shaping up for a repeat by 2010, if hyperinflation doesn’t hit from the Weimar Republic purchasing of treasury bonds by Bernanke with freshly printed greenbacks, all in the name of saving the State in lieu of the people, simply put hell is on the horizon!

How can Americans not even call intentional this Ponzi scheme perpetrated by the Fed Chair, the Secretary of the Treasury, congress and Comrade Obama himself?  From their actions Americans sit by and watch the last great economic bubble, the storm of debt, grow and expand like a Katrina about to hit shore, how can the actions of these men not be called immoral in all circumstances;  We do not complain  when nature creates immoral acts because it sends a Katrina ashore and kills, destroys and displaces thousands; how is it that only a few see the error of the former while in the latter the voluntary free will of nature is accepted?

We punish a criminal intentionally to protect ourselves and society but in the case of preservation of life from a catastrophe be it economic or through natural causes are we to accept  the perpetrators of fraud just as we do the natural disaster?  This distinction is in error?

The morality of Americans and all people for that matter in the case of self preservation will act out of necessity but in the case of evil actions by the State committed by men in power, taking advantage of the political and economic  consequences  against their fellow man to gain financial or political self-preservation is a crime commissioned on behalf of a moral good cause.

Left with no moral standards to what level should these State Criminals be held?

Are these political Marxist-fascists, whose action in the name of saving us from ourselves in this unparalleled economic storm only to allow the perpetration of thievery and the transfer of wealth from the taxpayer to the politically connected, be accepted and given a pass by Americans?

Is morality the act of watching nature or the nature of man destroy  an environment where freedom and liberty were protected by a moral constitution, to be replaced in the name of self preservation, with a new belief not in the efforts on the individual but the efforts of the new Marxist-fascist State?

To the degree that these men in STATE POWER have an understanding and intellect  that can comprehend what is best for society, with their call to protect America with socialism by nationalizing greater sectors of the capitalist economy, when men in congress whose standard of reasonableness is to name call their constituency rather than answer their questions, when their morality is the higher good that perpetuated their own self interests, how can such a nation sustain itself and freedom and liberty?

No matter the moral compass it is the man who reads the dial, it is the man who puts himself as a cog within a wheel, man is nature and nature is man.