Tue
Jan
20
2009
One government to rule them all, one government to find them, one government to bring them all, and in the darkness bind them.
The amount of government intervention into the market is staggering. With all the cash infusion many banks are accepting with strings attached of course leave little left for a free market.
To receive the extra cash, RBS for example must “sign a binding agreement with the Treasury on how much it will lend and on what terms. Auditors will move in to check the bank is following the government directive”. With the typical free market incentives eroding or eliminated how can they function efficiently.
A common joke among people is how bad government runs things. Yet, the public as well as captains of industry are willing to outsource market decisions and liability.
This is surely a dysfunctional relationship and will only lead to even more government control. The absurdity in all this is astounding. The RBS situation is but one example but is typical of the recent activities in the financial industry under the new programs. The same thing with the auto. They are in fact dinosaurs and any government bailout is a temporary short-term measure.
All of this will lead us to one world government and one currency. After each comes financially crashing down under their own weight, a move to such a new world order will be ripe.
Meanwhile, a new king will be inaugurated in what is becoming a week long celebration of feasting and symbolic gesture while the rest of the Republic faces increasing unemployment, failing markets, and a soon to be falling dollar.
Comment
Commenting is closed for this article.
