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Showing posts from November, 2008

Blame thyself!

El ected Leaders don't lead, they are to be led! As the financial debacle unravels, the alleged rescue plans penned out by elected officials are morphine- nizing , morally corrupt and carry long term damages. Not to be fooled by tantalizing economic theories the economists themselves are not convinced, to create prosperity by propping up economic collapse caused by debt with more debt is at odds with common sense. Instead of borrowing from the future, why can't anyone have the courage to say the plain truth: - Globalization leverages political economic advantages of nations to the maximum. It brings about great disparity. Shocked working class in the developed countries suddenly found themselves uncompetitive. Happily, politicians sooth the paradox by allowing the mirage of borrowed wealth enabled by Wall Street's inflationary magic of the housing bubble. Gradual de -regulation of the financial regime was politically motivated. The mass intoxicate in the virtual riches. Fr