Yes well if the average American is more interested in iphones and batman movies than a potential multi-trillion $ bailout of Fannie Mae and Freddie Mac with no accountability for shareholders and the tab going to the taxpayer then we suckers get what we deserve.

Americans just aren't that smart. They're too high off of prescription drugs / meth / pot / whatever, and too stupid to notice how they are being turned into financial slaves of Wall Street. Its just too easy to get over on Americans so the money boyz can't help themselves.

pro-central banking article.

they wanna blame the retail banks for a wholesale problem.

recklessness is built into the system because a system of interest-bearing debt-money absolutely requires an ever increasing amount of lending to pay off existing obligations, let alone future obligations.

the problem of exponential math renders futile any attempt to lend prudently, giving rise to a catch 22 evolves where if banks lend prudently they will fail/be consolodated into fewer hands, or if they lend recklessly, they will fail/be consolodated into fewer hands. the difference between the two being that in the prudent lending situation not enough money is created to satisfy existing obligations, and in the reckless situation enough money is created but the repayment obligations fall to people who increasingly lack the ability to repay.

the solution is to abolish central banking completely. however, the solution we will be presented with is to consolodate and increase the power of central banks to "regulate" the very problem that they are responsible for creating.

most likely the public is going to fall for this scheme hook-line-and-sinker, but there is a slim chance that in the resulting chaos we may be able to properly identify the problem that faces us and make some fundemental changes for the better.

I have a different take. Average Americans actually admire Wall Street and wish they too could get rich quick just by moving money around, like the fund managers and speculators do with other people's money. Instead of being outraged, they want to get in on the action.

It is like Vegas. You could be outraged at what a rip off the casinos are, outraged at how they enable all the gambling addictions and so forth, but the average person just wants to figure out how they can get a free trip to Vegas and maybe beat the casino at blackjack.

there is certainly outrage. some people have recognized that outrage doesn't create change. for the rest, there's don't ask, don't know. it is interesting to see what people will do to survive. for example, notice that the price for metals has gone up. consequently, people are stealing catalytic converters & raiding junk yards. if the climate of war is favorable to certain industries, people will "jump in" because it strengthens their position. this new found prosperity demands new gains and the cycle continues or ends until the prosperous find or create new revenue streams or exploit old ones.

there is a serious language problem here in the states. corporations like Bear Stearns, Fannie Mae & Freddie Mac don't know the definition of *risk*. maybe it should be changed to: free lunch, public wealth(as in derived from public wealth), liberalism (as it is applied liberally).

hell, why not call it public health or socialized medicine.