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What REALLY caused the recession?

September 20, 2010

The recession is not over yet but it has eased at a cost of 3 trillion bucks to you the middle class tax payers. It has caused riots in China, banking failure in Iceland, financial problems in Greece and just about misery all over the world, including the home country where it all started. The media don’t talk about the cause but what really started the recession (and will cause it again and again until…) is the way you the people who paid the 3 trillion bailout vote! Yes, the way the American people elect representatives who determine their economy counts. You see, you do not have a true democracy in the United States. What you have, for a lack of a better word, is Mediacracy, a word I just coined that could be defined as rule by the media. Your decision who to vote for every 2 years is determined by commercials on TV, editorials, and other media output. You are not independent, you just think you are and it cost you your livelihood, your relationships, your home, your country, the world. You spread misery around this interdependent world like I don’t know what – and you don’t know it!

Here is how you stop recessions ones and for all: Demand of all your candidates to support and send to the floor of Congress or any institution of government  a DERIVATIVES REFORM bill and a  MORTGAGE REFORM BILL if elected.

1. The derivatives reform bill (DRB) will state: “United States Home Security has 4 alert levels. My proposal is for the United States to ensure Economic Security by legislating  3 risk levels for Derivatives Trading, low, medium and high. All high level risk derivatives trading by institutions or individuals in the United States will become illegal as of Christmas 2010, punishable by 20 years in prison if proven guilty.” (propose a constitutional amendment if the law is thrown out by a judge).

2. The Mortgage Reform Bill (MRB) will state: “This proposal is for the United States to ensure economic security by legislating 3 risk levels for mortgages, low, medium and high. All high level risk mortgages issued by institutions are designated as subprime mortgages and will be outlawed as of Christmas 2010, violations punishable by 20 years in prison if proven guilty (propose a constitutional amendment if the law is thrown out by a judge).

I don’t want to raise the expectations of those of you who want your country to be the greatest country on earth. You will be disappointed, but what the heck,  send my proposals to your candidates but know that the chance that YOUR candidate will smile and say, “Thanks, I will work for you by fighting for this legislation” is nil. You see, psychological research has shown that to fight and win something great that is not in your culture yet is extremely difficult.  You have to organize reluctant people and triple your commitment. This isn’t a Tea Party. It is a fundamental change in the American economy. Start by sending this posting to Obama, what the heck!

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2 Comments leave one →
  1. September 23, 2010 7:23 pm

    Hey can I copy and paste this post on my web site? What references must I give? You might give this info for other people too.

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