I consider myself a seeker of truth. It isn’t easy finding it in today’s’ world. In an alternate version of the famous scene from A Few Good Men, I picture myself telling Fed Chairman Janet Yellen that I want the truth and her truthful response would be:
“Son, we live in a world that has Wall Street banks, and those banks have to be guarded by puppet politicians in Washington D.C. with lobbyist written laws and Madison Avenue PR maggots with media propaganda.
Who’s gonna do it? You?
I have a greater responsibility than you could possibly fathom. You weep for the average middle class American family, and you curse the ruling oligarchs. You have that luxury. You have the luxury of not knowing what I know. That the death of the American middle class, while tragic, probably saved the bonuses of thousands of Wall Street bankers. And my existence along with my predecessors, while grotesque and incomprehensible to you, increases the wealth of these same bankers who destroyed the worldwide economic system in 2008.
You don’t want the truth because deep down in places you don’t talk about in the food bank line, you want me on Wall Street, you need me on Wall Street. We use words like derivative, fiscal stimulus, quantitative easing. We use these words as the backbone of a life spent siphoning off the wealth of the nation. You use them as a punch line.
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very debt that I provide, and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way, Otherwise, I suggest you pick up 1000 shares of Apple, and hope our high frequency trading supercomputers can ramp the market for a while longer. Either way, I don’t give a damn what you think you are entitled to”.
My personal thoughts?
I find myself more amazed than ever at the ability of those in power to lie, misinform and obfuscate the truth, while millions of Americans willfully choose to be ignorant of the truth and yearn to be misled.
It’s a match made in heaven. Acknowledging the truth of our society’s descent from a country of hard working, self-reliant, charitable, civic minded citizens into the abyss of entitled, dependent, greedy, materialistic consumers is unacceptable to the slave owners and the slaves.
We can’t handle the truth because that would require critical thought, hard choices, sacrifice, and dealing with the reality of an unsustainable economic and societal model. It’s much easier to believe the big lies that allow us to sleep at night. The concept of lying to the masses and using propaganda techniques to manipulate and form public opinion really took hold in the 1920s and have been perfected by the powerful ruling elite that control the reins of finance, government and mass media.
We’ve put a man on the moon, split the atom and can clone a human being, yet we’re plagued by the same economic problems and every politician from left to right still cannot say the truth as is much less come up with a reasonable solution for our economic woes…. and the circus goes on.
At the end of the day, just ask yourself the question: In whose hands should you place your trust for improving the economy? An entrepreneur, whose job it is to solve problems for a profit? Or a bureaucrat, whose job it is to cause problems for a profit? I know where I put my trust, and I’m sure 90 percent of us agree. We outnumber them, so let’s act like it.
Abraham Lincoln once said that he believed in the people and that if you told them the truth and gave them the cold hard facts they would meet any crisis. That may have been true in 1860, but not today.
The cold hard facts are available for all to see:
A $17.9 trillion National Debt
46.2 million people still living in poverty and on food stamps
Over $127 trillion of unfunded Federal entitlement liabilities
True unemployment above 12%.
True inflation rate around 5%.
Though jobs are more available, young adults working are now 30 years of age before they earn $42,000 per year. Back in 1980, it took you only to the age of 26 to earn that much money per year.
How can anyone possibly believe that President Obama has been an economic success with a large majority of the American population financially struggling?
Whether you think of economic progress by the number of Americans employed, or their level of earnings, or whether the poor are escaping poverty, the cold hard facts reveal that the Obama-led and owned economy has been and remains a disaster.
Share your thoughts…
By :� Ziad K Abdelnour
Ziad is also the author of the best selling book� Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics (Wiley, 2011),
Mr. Ziad Abdelnour continues to be featured in hundreds of media channels and publications every year and is widely seen as one of the top business leaders by millions around the world.
He was also featured as one of the� 500 Most Influential CEOs in the World.
