Saturday, October 18, 2008

The factors that plauge Wall Street

October has been a shaky month for Wall Street, the Federal Reserve, The US Congress, and most of all the American people worrying if their going to loose their jobs. We see today congress cancellation of the 700 billion dollar bailout of all US banks, Auto industry, and major American based companies including a 777.68 points dropped on the Dow Jones. Can we expect any good to come from our leaders in government? A logical conclusion is, most likely not. Either way bailing out banks, companies, or US debts, we face, mass unemployment, increasing National debt, increasing interest rates, massive decrease of credit, de valuing the US dollar, and more US companies being sold to Foreign Industries. Even when long time American companies that are still persisting, minimally increasing stock price, upholding stable company credit, increased company value, and rarely still having high employment rates. Nobody thinks whether it's old sold out dead US Companies, that company operations are sold out to booming foreign corporations, major assist's taken by the Fed or bought out by buy Foreign buyers, or strictly regulated companies that rely on Foreign funds to keep running. A scarier proposition proposed by Obama was, Capitalism is failing our country and the time is right for more Nationalization of Companies, and our reliance on the Federal Reserve, it's Hitler's policies being echoed from the past. A basic simple view every American could expect is, our economy will rapidly decline, with former US companies operations being sold out to Foreign companies, immense decrease of credit in fiscal companies & loans, jacked up interest rates, a spike in commodity prices, 150$ per barrel of oil, and taxes rates the likes which we have never seen before, due to, inflation, uncontrolled spending, and slowly paying off the 9 trillion dollar debt. Industry will essential y eat each other to pieces, company value ceased from being taken out of the country, tighter & stiffer business regulations, massive job loss, decreace of stock value, and worse US company securites, financial assists, smuggled and sold out of the country to the highest bidder.

Our economy stand on a system of trust, petrol dollars, increased foreign conflicts, foreign investments, backed foreign credit, low interest rates, exportation of manufacturing jobs to third world countries, US company operations bought by foreign corporations, and an increase of the Federal Reserves power to create fiat currency. We can thank our present crisis just to a few factors our former leaders have committed for the so called interests of the American people. Clinton's signed done deal trade/manifesting act with China, Nixon taking us off the Gold standard in 71, America's increased role in Nation building, the creation of the FED( a central bank) in 1913, and the infamous increase of our military sector.

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