Today I searched for a reason to mark on this blog, the hash mark to our slippery slope movement down the mountain. I searched for the rhyme or reason and to our coming to this place and point in time in summation. I dont like to be right in my previous writings, that this is the worst since the Great Depression, as I wrote up 2 years ago. Perhaps this may intrigue its effort to express it best, both in narrative and suggestive foreshadow wit:
"Its was the best of times, it was the worst of times..." I can find now less or more a yet suggestive foreshadow meaning...
That these, the United States, stand on the brink of what has given rise to the sum of who we are and all that we have known. I am the lost Indian shedding a tear on the loss devoid of innocent Country, spanning the littered and careless ongoing road. To the Point of Know Return. The bill has come due and we are seeing to the extent of the measure of all that we have done come to pass in equal sobering in extraneous moments. A gun in your mouth mixed, with the final tastes of lead and saliva, an air but floundering, yet remembering...echoing...throbbing last an end of heartbeat of a final trigger touch. The world weeps in our flounder and our hope in survival will bring a new respect or dimension. Russia cannot re-open its faltering stock market...China owns us more by making their federal reserve banks buy more of our dollars and debt to hedge its exposure to it lessened positions prior. Perhaps we owe more thanks to Nixon, our sickened, blinded, rebellious Churchill in some way: "We shall go on to the end...whatever the cost may be." Those poor V's of despondent debauchery signals on the white house lawn said it so well now.
The US government bailed out AIG with 85 Billion it doesn't have and will have to offer more new debt to raise funds for the Federal Reserve’s rescue plan. We are having to do debt offerings to raise funds to buy out American Companies to substantiate our way of life, piling debt onto debt.
The national debt is over $9.6 trillion. Nearly $4 trillion more than it was Bush took office. It will cost taxpayers $230 billion just to pay the interest on the national debt this year. I am proud to be an American even if its owned by Chairman Mao. The Chinese have quietly hiked its reserve currency holdings on its banks 5 TIMES to increase/offset its investment in the US. Its the great dichotomy of our time that we have made everyone rich investing in us and yet may drive drag everyone poor. The same currency lessons learned in the 70's by other countries in us are now re-taught. "The Dollar isnt our problem, its yours." Maybe it is perfunctorily that we now have government owned "State Run" properties while owned by a Chinese Government? I grew up hearing that Capitalist over time become more Communist and visa versa. Maybe with China's tied up investment and Russia's inability to open its stock markets, the East has truly now met the West. We are now but one: in broke. Cue in the sound from Neil Diamonds "We're coming to America."
I'm swamped with friends asking which bank is best and where to protect their money. We are looking at the failure of 100's of banks and the lapping devil of succeeding banks doubling their overnight reserves to kill the weak and build the strong with your money a wash in your blood if you kept more than the protected $100g's in the bank. "Catch the mystery, Catch the "mark" Washing away the $100G plus holders on value acquisition, dont you smell it in the air. Catch the Spit, someone in Rush said. The loans made to banks by the Fed is unprecedented in this country (pending the Great Depression) and we cannot, nor business, in my mind, service the interest alone that is due. Anyone with half a brain knows that banks have been hoarding cash to buyout the weaker banks and we consumers are lost funding their foray. The money goes up and the government buys the rich while the workers are lost in their 40 years of stagnant wages.
I dont have the answer, nor would I dare pretend. There is a time where a summary bill comes due. Lets hope it its not our last. Maybe for all the 3rd world debt we've forgiven since the 70's we can pull off one last effort. Bono of U2 should put on his little leather pants and sunglasses and convince the world to forgive OUR DEBT in a World Bank change.
In the end its a "Beautiful Day" or it will be a Bono in the end...Hey Bono, in the end forgive US our daily debt, the largest most richest 3rd world country in the end. The greatest charity seeks but its own.
In the end I would gladly cook breakfast for the poorest kid in the US and goto work hungry, just to know he's been fed to succeed me. I would shine on through your innocent young eyes. I will find my peace in your truth without lies. I want to see the future rising as I leave behind my past. I want your future to shine so brightly as I close the light reflected behind my darkening eyes. I want the dream to live on, the possibility of the shine to shine on. Though millions have marched I want millions to dream on. I am just the one but I want millions to shine beyond. The child sleeping whose dreams will bring on, a future in waves, a light through the haze. A child with a reason, in theory and might, a dream of a castle to all that is right. A fight to oppression a dream out of sight....that the hungry will feed that the poor will succeed, that the truth will live on as the lies die upon. For this is my wish, simple and true, I wish the best for me and you.
One cannot hope without dreams...
Thursday, September 18, 2008
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