LC’s Commentary

Listen To The Voice of Reason

Should Have Listened

They were right you know

We should have been listening

Woodrow Wilson, 28th President of the United States (1858-1924) said the following: the great monopoly in this country is the money monopoly. So long as it exists, our old variety of freedom and individual energy of development are out of the question.

President Wilson talked about the danger of control of credit being concentrated in too few hands. He felt that even though those in charge of credit may be honest and above reproach, their undertaking to protect their own money destroys genuine economic freedom.

President Wilson also talked about conditions in this nation that enables a small number of men who control the Government to get favors from the Government.  The current economic crisis is a good example of what he was talking about. Who bailed out the big banks and Wall Street? President Wilson envisioned a time when a few people getting special favors from the Government would dominate every industry in the country. His was right, you know!

We should have listened to President Wilson.

Thomas Wolf, Esteem American novelist (1900-1938) made this profound analogy of greed. He coined the following: I think the enemy is here before us…I think the enemy is simple selfishness and compulsive greed…. I think the enemy is as old as time and evil as Hell, and he has been with us since the beginning. I think he stole our earth from us, destroyed our wealth, and ravaged and despoiled our land. I think he took our people and enslaved them, that he polluted the fountains of our life, took unto himself the rarest treasures of our own possession, took our bread and left us a crust… and not content for the nature of the enemy is insatiate-tried to take from us the crust.

We should have listened to Thomas Wolf!

William Jennings Bryan American orator, politician (1860-1925) coined the following: The money power prey upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who questions it methods, or throws light upon its crimes.  Think of the battle that is taking place in our economic environment as the Federal Government tries to rein in an out of control system and institute rules and regulations that hopefully will prevent another meltdown of our economy. I say hopefully will, because the money folks are not about to relinquish any control of money without an all out political, propaganda and media war.  While the US government and the money managers duke it out, those who have the least will continue to carry the load through taxation and interest payments.  

We should have listened to W.J. Bryan!

Grover Cleveland (1837-1908) 22nd and 24th President of The United States frequently expressed deep concerns about disproportional wealth accumulation in the US. President Cleveland declared the following; at times like the present, when evils of unsound finances threatens us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may find profits in the fluctuations of values; but the wage earner-the first to be injured by a depreciated currency and the last to receive the benefit of its correction is practically defenseless.   Forget about Wall Street, the Federal Reserve and Banks for a minute. Cities, Counties, States, School Systems and other forms of local governments are just beginning to feel the full brunt of the US economic meltdown. Many are on the verge of bankruptcy. Fact is, some have already reached that milestone, but are not publicly announcing it.  In the meantime, some folks and businesses, especially those in the money business are making lots of money. Take a minute and look at the latest profits announced by most in the banking business. Why have we become comfortable with the way money flows in this nation? Why is it alright for banks to declare huge profits, when, at the same time they have tighten loan standards to the point where even those with good credit are having a difficult time getting loans?

We should have listened to President Cleveland. 

The above-mentioned people recognized the warning signs over 100 years ago. Have we not learned anything about how money folks feel and behave in over a hundred years? No wonder they find it so easy to take advantage of people and our capitalistic/economic system. When will we ever learn?


July 31, 2010 - Posted by | Economic Empowerment, Failed economic poicy, Greed, Taxpayer bailouts, Trickle up economics, wealth redistribution

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