Rethink. What is a "dollar?" It's a symbol of the value of American WORKERS (and guns). What is a "bank?" It's an institution that calculates the dollar value on the risk of a loan.
So what happens when banks are underwater due to over-leveraging? They have FAILED AT THEIR PRIMARY JOB, which is to calculate the value of risk. Anybody can gamble, but the JOB of a bank is to determine the financial odds. They failed, and we bailed them out.
What happens when the Fed prints dollars to bail out these failures, in America and around the world? Well, the Fed is diluting the value of American labor, our smarts and sweat. It is taking from the value WE PRODUCE, without asking us, and turning it into a slush fund for the super-wealthy, who stand to lose the most if banks go under.
It is a terrible crime against us all.
Posted Dec 2, 2011, 12:58 AM UTC
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