Tag Archives: Bailout

The Creature from Jekyll Island: financial markets bailout

If you want to know why the towers of American capitalism are crumbling, I recommend reading “The Creature from Jekyll Island” by G. Edward Griffin. It’s not an easy book to find, but once you start reading it’s hard to put down. In fact, in many ways it’s a murder mystery about the financial “murder” of the middle class.

A very important lesson in the book is how political leaders use financial spin to deceive the public. The very, very rich use the system to legally steal from the rest of us by appealing to our sense of patriotism. When our leaders say, “We’re bailing out Fannie Mae and Freddie Mac because we want to protect the American people,” they really mean “We’re saving our rich friends.”

A bailout can be different things. First, printing more money is a kind of bailout that leads to higher inflation. Rather than protecting people, it makes life for the poor and middle class more expensive. The other kind of bailout is protection for our rich and incompetent friends. If you or I fail at business, we fail. No one bails us out or forgives our indebtedness.  If we cheat and get caught, we go to jail. However, if you’re rich and politically connected, your incompetence may likely be protected by a government bailout.  Some would say that this is the antithesis of capitalism.  Some would say this is communistic.

What many people don’t know is that the securities that the government bought from these ailing financial giants at full price (the bailout) will later be sold back to these same companies for ten cents on the dollar and these companies will then sell them again on the secondary market for 30-40 cents on the dollar; allowing these companies to get rich again while the American public is left with the crippling debt.

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How Does the Proposed Wall Street Bailout Affect Your Security?

How Does the Proposed Wall Street Bailout Affect Your Security?

The events of this week and the uncertainty about the future that they engender make one thing crystal clear: Our only security is what is intrinsically part of us and cannot be lost, stolen, or destroyed.  Our inner qualities, capacities, and knowing are secure within us.  Our integrated confidence in our own abilities to create and offer meaningful, purpose-filled products and services that serve the world and serve humanity is how that security manifests.

Our external circumstances, environment, investment accounts, relationships and more can change or fall away in an instant, but as long as we continue to believe in our divine capacity to contribute… and to live happy, fulfilling, fabulous lives … we remain open to the opportunities that exist at exactly the same time as any perceived crisis.

Perhaps more so than any other time since the late 80s, this is the time to INVEST in OURSELVES – in cleaning out and up-leveling our internal belief and guidance structures – so that no matter the shifts in our economic or political environment we become and remain true to our unique gifts and are able to stay the course to fully express these gifts. By clearing out limiting beliefs, developing constructive habits, remaining calm and grounded, taking purposeful steps, getting and staying in alignment with our inner compass, clearing obstacles to our personal power, we increase our security and our chances of not only surviving but THRIVING now and into the future! This is how many entrepreneurs will achieve massive success in the next 12 months regardless of the circumstances covered by the news media.
The mainstream news is very negative lately (as it is usually), yet so many great things are truly happening all over the world at any given time- it’s just that few ever get to hear about those things. I urge you to focus on where you want to be going and realize that with the law of polarity in place, when you hear of bad times, there is also tremendous good happening and it’s your choice which one will affect your life, your consciousness, and your purpose. There are no victims – only participants.  What we put our attention on expands.  What do you want to expand?  Put your attention there and keep it there.  The benevolent forces in the universe WILL be with you.