First of all, deregulation didn't "undeniably" lead to anything. The only part of Glass Steagall that was repealed was separating commercial banks from investment banks. Only two of the banks that failed or were bailed out had combined those two areas. That's beside the point.Footwedge;1256720 wrote: You see, you and O-Trap have fallen into the abyss of being programmed to blame government, inspite of the overwhelming evidence that there exists a crystal clear collaboration and collusion of blame.,,both government and the corporate elite. Remind me a lot of Orwell's Animal Farm whereby Boxer would say "2 legs bad, 4 legs good". (translated to government bad, unbridled capitalism good), without any semblance of thought and reasoning in binding to that position.
The two of you can't even acknowledge the truth that the government is controlled by the power elite. And really, there is no rational argument to present to counter this.
Somehow, i suppose, the deregulation of the investment banking cartel, which undeniably led to the demise of 39% of America's wealth was all "due to bad government". LOL. Boxer: "2 legs bad, 4 legs good". Refrain...over and over.
The same principle holds true regarding the Fed, the Treasury, and the monetary policy. You think it's all the gobblement's doing. Well, it really isn't...as policy is ordered by the very few.
Following the money trail is a pretty simple concept wouldn't you agree? So who collects the interest from the fiat money created out of thin air? A clue....it ain't the government. Another clue...It is the private sector.
I'm pretty sure I've said many of those same exact things before. I know the government is owned by a wealthy elite. I know that private individuals make money lending the government money created out of thin air.
I also know that governments helped make them that wealthy by granting them monopolies (like the Federal Reserve) or just regulating away their competition. I know without a violent force the size of a government to grant them these privileges, they would be at the mercy of competitors and be forced to serve customers instead of buying politicians. These elite get their power from the government officials they own, and without the government would lose that power and most of their fortunes.
This is the part where we differ. You think if this same corrupt government intrudes on our right to private property it will regulate the problems away, all the while their strings are being pulled by the same elite scum. I know that doesn't work, and the only solution is to get the government out. Remove the source of their power and wealth.