STATEMENT AND RESPONSE TO WHAT IS REALLY HAPPENING TO OUR ECONOMY?
March 4th, 2009
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In case you are still a little uncertain about how the financial “crisis” came about, this little story will help you understand the nature of the beast.
This explains the financial crisis in easy terms.
Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting her customers loans).
Word gets around and as a result increasing numbers of customers flood into Heidi’s bar.
Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit.
He sees no reason for undue concern since he has the debts of the alcoholics as collateral.
At the bank’s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a risk manager (subsequently of course fired due his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Heidi’s bar.
However they cannot pay back the debts.
Heidi cannot fulfil her loan obligations and claims bankruptcy.
DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80 %.
The suppliers of Heidi’s bar, having granted her generous payment due dates and having invested in the securities are faced with a new situation. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor.
The bank is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties.
The funds required for this purpose are obtained by a tax levied on the non-drinkers.
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A RESPONSE:
Very interesting. You could also include the greed of our politicians, the relaxing of controls on the free market by our previous administration which in time of crisis encouraged us to spend more when the safest plan for us was to save more, the rewarding of companies to outsource overseas, the raping of our social security fund by Congress borrowing funds from it, AND MOST OF ALL, ELECTING POLITICIANS WHO ARE OPPOSITE OUR FOREFATHERS.
MOST OF OUR FOREFATHERS KNEW AT LEAST 2 LANGUAGES, STUDIED AND UNDERSTOOD WORLD GOVERNMENTS AND HISTORY, LOCAL GOVERNMENT, CULTURE AND FAMILY HISTORY, WORKED PART-TIME, AND LOOKED OUT FOR THE COMMON PERSON.
“IF WE DON’T KNOW OUR HISTORY WE WILL REPEAT IT.”
Thank God our forefathers, doctors, and scientists built their theories on the history of their predecessors.
The problem with no child left behind is:
1) We don’t fund it
2) Besides reading, writing and arithmetic they need to understand (history) how we got here and
3) They need to be supported and required to accumulate this knowledge.
“INSANITY IS DOING THE SAME THING OVER AND OVER AND
EXPECTING A DIFFERENT RESULT.”
I’M NOT TALKING COLLEGE EDUCATION, BUT ANYONE WHO VIEWS ALL SIDES AND FROM HIS INNER BEING (the soul filled with the Being of all Wisdom) and without biases chooses the one he thinks best.
IF WE LET CAPITALISM RULE DEMOCRACY WE ARE DONE.
AS OUR FOREFATHERS STATED:
WE MUST GUARANTEE LIFE, LIBERTY, AND THE PURSUIT OF HAPPINESS TO ALL.
